Prudential Financial, Inc. 5.62 (PRS) 10-K 13 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Jan. 31, 2025	Jun. 30, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Amendment Flag	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	001-16707
Entity Registrant Name	Prudential Financial, Inc.
Entity Central Index Key	0001137774
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
Current Fiscal Year End Date	--12-31
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		354,000,000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 41,910,000,000
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Documents Incorporated by Reference	Part III of this Form 10-K incorporates by reference certain information from the Registrant’s Definitive Proxy Statement for the Annual Meeting of Shareholders to be held on May 13, 2025, to be filed by the Registrant with the Securities and Exchange Commission pursuant to Regulation 14A not later than 120 days after the year ended December 31, 2024.
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 [Member]
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 Note [Domain]
Document Information [Line Items]
Title of 12(b) Security	4.125% Junior Subordinated Notes
Trading Symbol	PFH
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	New York, New York
Auditor Firm ID	238

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
ASSETS
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2024-$331; 2023-$160) (amortized cost: 2024-$341,004; 2023-$334,598)	[1]	$ 311,570	$ 316,321
Fixed maturities, trading, at fair value (amortized cost: 2024-$13,631; 2023-$10,624)	[1]	12,530	9,790
Assets supporting experience-rated contractholder liabilities, at fair value		3,707	3,168
Equity securities, at fair value (cost: 2024-$7,043; 2023-$5,786)	[1]	9,417	8,242
Total net loans	[1]	62,341	59,305
Policy loans		9,795	10,047
Other invested assets (net of $2 and $1 allowance for credit losses; includes $7,573 and $6,074 of assets measured at fair value at December 31, 2024 and 2023, respectively)	[1]	26,351	22,855
Short-term investments (net of allowance for credit losses: 2024-$0; 2023-$0)		9,069	5,005
Total investments		444,780	434,733
Cash and cash equivalents	[1]	18,497	19,419
Accrued investment income	[1]	3,441	3,287
Deferred policy acquisition cost		20,448	20,856
Value of business acquired		435	530
Market risk benefit assets		2,331	1,981
Reinsurance recoverables and deposit receivables (net of $12 and $12 allowance for credit losses; includes $849 and $149 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively)	[2]	37,680	27,311
Income Tax Assets		866	939
Other assets (net of $2 and $3 allowance for credit losses; includes $0 and $11 of assets at fair value at December 31, 2024 and 2023, respectively)	[1],[2]	13,737	13,268	[3]
Separate account assets		193,372	198,888
TOTAL ASSETS		735,587	721,212
LIABILITIES
Future policy benefits		268,912	273,281
Policyholders' account balances		166,254	147,018
Market risk benefit liabilities		4,455	5,467
Policyholder's dividends		718	1,475
Securities sold under agreements to repurchase		6,796	6,056
Cash collateral for loaned securities		9,621	6,477
Reinsurance and funds withheld payables (includes $(118) and $490 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively)	[2]	17,084	15,729
Short-term debt		953	618
Long-term debt		19,187	18,882
Other liabilities (includes $14 and $15 allowance for credit losses and $4,751 and $4,175 of derivatives at fair value at December 31, 2024 and 2023, respectively)	[1]	16,679	16,071
Notes issued by consolidated variable interest entities (includes $60 and $778 measured at fair value under the fair value option at December 31, 2024 and 2023, respectively)	[1]	1,430	1,374
Separate account liabilities		193,372	198,888
Total liabilities		705,461	691,336
COMMITMENTS AND CONTINGENT LIABILITIES
Redeemable noncontrolling interests		1,939	1,766	[3]
Total mezzanine equity		1,939	1,766
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 December 31, 2024 and 2023)		6	6
Additional paid-in capital		25,901	25,746
Common Stock held in treasury, at cost (311,738,187 and 307,089,216 shares at December 31, 2024 and 2023, respectively)		(24,511)	(23,780)
Accumulated other comprehensive income (loss)		(6,711)	(6,504)
Retained Earnings		33,187	32,352
Total Prudential Financial, Inc. equity		27,872	27,820
Noncontrolling Interests		315	290	[3]
Total equity		28,187	28,110
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY		$ 735,587	$ 721,212
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions. Prior period amounts have been revised to conform to current period presentation.

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Fixed Maturities, AFS, allowance for credit losses		$ 331	$ 160
Fixed Maturities, available-for-sale, Amortized Cost		341,004	334,598
Fixed Maturities, Trading, amortized cost		13,631	10,624
Equity securities, AFS, amortized cost		7,043	5,786
Commercial mortgage and other loans, allowance for credit losses		574	460
Commercial mortgage and other loans	[1]	62,341	59,305
Other invested assets, allowance for credit losses	[1]	26,351	22,855
Reinsurance recoverables and deposit receivables, allowance for credit losses		12	12
Reinsurance recoverable and deposit receivables, embedded derivatives at fair value		849	149
Other assets, assets at fair value		0	11
Reinsurance and funds withheld payables, embedded derivatives at fair value		(118)	490
Other Liabilities, derivatives at fair value		4,751	4,175
Notes Issued by Consolidated Variable Interest Entities	[1]	$ 1,430	$ 1,374
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		311,738,187	307,089,216
Fair value option
Commercial mortgage and other loans		$ 702	$ 519
Other invested assets, allowance for credit losses		19	0
Notes Issued by Consolidated Variable Interest Entities		60	778
Leveraged lease loans
Other invested assets, allowance for credit losses		2	1
Other invested assets, at fair value		7,574	6,074
ASU 2016-13
Short term investments, allowance for credit losses		0	0
Other assets, allowance for credit losses		2	3
Other liabilities, allowance for credit losses		$ 14	$ 15
[1] See Note 4 for details of balances associated with variable interest entities.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
REVENUES
Premiums (includes $73, $323 and $(377) of gains (losses) from changes in estimates on deferred profit liability amortization for the year ended December 31, 2024, 2023 and 2022, respectively)	[1]	$ 42,897		$ 27,364		$ 36,475
Policy charges and fee income		4,298		4,527		4,615
Net investment income		19,909		17,865		16,037
Asset management and service fees	[1]	4,090		3,717		4,062
Other income (loss)	[1]	3,037		4,065		608
Realized investment gains (losses), net	[1]	(3,429)	[2]	(3,615)	[2]	(4,507)
Change in value of market risk benefits, net of related hedging gains (losses)		(397)		56		(409)
Total revenues		70,405		53,979		56,881
BENEFITS AND EXPENSES
Policyholders’ benefits	[1]	47,119		30,931		40,816
Change in estimates of liability for future policy benefits	[1]	(37)		337		654
Interest credited to policyholders’ account balances		4,582		3,983		2,193
Dividends to policyholders		698		1,069		198
Amortization of deferred policy acquisition costs		1,492		1,459		1,433
Goodwill impairment		0		177		903
General and administrative expenses	[1]	13,342		12,951		12,576
Total benefits and expenses		67,196		50,907		58,773
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES		3,209		3,072		(1,892)
Total income tax expense (benefit)		507		613		(279)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES		2,702		2,459		(1,613)
Equity in earnings of joint ventures and other operating entities, net of taxes		144		49		(62)
NET INCOME (LOSS)		2,846		2,508		(1,675)
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests		119		20		(28)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.		$ 2,727		$ 2,488		$ (1,647)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)		$ 7.54		$ 6.76		$ (4.49)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)		$ 7.50		$ 6.74		$ (4.49)
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)		$ 2,846	$ 2,508	$ (1,675)
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments for the period		(852)	(264)	(1,131)
Net unrealized investment gains (losses)		(10,125)	6,219	(55,845)
Interest rate remeasurement of future policy benefits	[1]	11,804	(8,770)	63,643
Gain (loss) from changes in non-performance risk on market risk benefits		(466)	(693)	938
Defined benefit pension and postretirement unrecognized periodic benefit (cost)		(204)	(27)	636
Total		157	(3,535)	8,241
Less: Income tax expense (benefit) related to other comprehensive income (loss)		364	(837)	2,555
Other comprehensive income (loss), net of taxes		(207)	(2,698)	5,686
Comprehensive income (loss)		2,639	(190)	4,011
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests		119	20	(29)
Comprehensive income (loss) attributable to Prudential Financial, Inc.		$ 2,520	$ (210)	$ 4,040
[1] See Note 24 for additional information regarding related party transactions.

Consolidated Statements of Equi

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	$ 29,983	$ 6	$ 25,732	$ 35,183	$ (21,838)	$ (9,493)	$ 29,590	$ 393	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(1,500)				(1,500)		(1,500)
Contributions from noncontrolling interests	10							10	[1]
Distributions to noncontrolling interests	(76)							(76)	[1]
Consolidations/(deconsolidations) of noncontrolling interests	(20)							(20)	[1]
Stock-based compensation programs	285		15		270		285
Dividends declared on Common Stock	(1,822)			(1,822)			(1,822)
Comprehensive income:
Net income (loss)	(1,675)			(1,647)			(1,647)	35	[1]
Net Income (Loss) excluding portion attributable to redeemable noncontrolling interest	(1,612)
Other Comprehensive Income (Loss), Net of Tax	5,686					5,687	5,687	(1)	[1]
Total comprehensive income (loss)	4,011			(1,647)		5,687	4,040	34	[1]
Total comprehensive income (loss) excluding portion attributable to redeemable noncontrolling interest	4,074
Balance at Dec. 31, 2022	30,934	6	25,747	31,714	(23,068)	(3,806)	30,593	341	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(1,006)				(1,006)		(1,006)
Contributions from noncontrolling interests	19							19	[1]
Distributions to noncontrolling interests	(40)							(40)	[1]
Consolidations/(deconsolidations) of noncontrolling interests	(36)							(36)	[1]
Stock-based compensation programs	293		(1)		294		293
Dividends declared on Common Stock	(1,850)			(1,850)			(1,850)
Comprehensive income:
Net income (loss)	2,508			2,488			2,488	6	[1]
Net Income (Loss) excluding portion attributable to redeemable noncontrolling interest	2,494
Other Comprehensive Income (Loss), Net of Tax	(2,698)					(2,698)	(2,698)	0	[1]
Total comprehensive income (loss)	(190)			2,488		(2,698)	(210)	6	[1]
Total comprehensive income (loss) excluding portion attributable to redeemable noncontrolling interest	(204)
Balance at Dec. 31, 2023	28,110	6	25,746	32,352	(23,780)	(6,504)	27,820	290	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(1,006)				(1,006)		(1,006)
Contributions from noncontrolling interests	15							15
Distributions to noncontrolling interests	(63)							(63)
Consolidations/(deconsolidations) of noncontrolling interests	(3)							(3)
Stock-based compensation programs	430		155		275		430
Dividends declared on Common Stock	(1,892)			(1,892)			(1,892)
Comprehensive income:
Net income (loss)	2,846			2,727			2,727	76
Net Income (Loss) excluding portion attributable to redeemable noncontrolling interest	2,803
Other Comprehensive Income (Loss), Net of Tax	(207)					(207)	(207)	0
Total comprehensive income (loss)	2,639			2,727		(207)	2,520	76
Total comprehensive income (loss) excluding portion attributable to redeemable noncontrolling interest	2,596
Balance at Dec. 31, 2024	$ 28,187	$ 6	$ 25,901	$ 33,187	$ (24,511)	$ (6,711)	$ 27,872	$ 315
[1] Prior period amounts have been revised to conform to current period presentation.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ 2,846		$ 2,508		$ (1,675)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment gains(losses), net	[1]	3,429	[2]	3,615	[2]	4,507
Change in value of market risk benefits, net of related hedging (gains) losses		397		(56)		409
Policy charges and fee income		(2,128)		(2,186)		(2,230)
Interest credited to policyholders' account balances		4,582		3,983		2,193
Goodwill impairment		0		177		903
Depreciation and amortization				(70)
Depreciation and amortization		383				117
(Gains) losses on assets supporting experience-rated contractholder liabilities, net		(595)		(503)		1,128
Change in:
Deferred policy acquisition costs		(1,111)		(869)		(722)
Future policy benefits and other insurance liabilities		4,803		5,489		6,132
Reinsurance related-balances	[3]	(2,731)	[2]	(683)	[2]	(868)
Income Taxes		(146)		(442)		(1,594)
Derivatives, net		897		(746)		(2,533)
Other, net	[3]	(2,124)	[2]	(3,707)	[2]	(609)	[4]
Cash flows from (used in) operating activities		8,502		6,510		5,158
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale		59,059		44,097		50,823
Fixed maturities, held-to-maturity		0		22		38
Fixed maturities, trading		3,398		1,559		1,641
Assets supporting experience-rated contractholder liabilities		1,474		2,286		11,410
Equity securities		5,790		4,348		3,697
Commercial mortgage and other loans		5,466		3,985		5,580
Policy loans		1,972		1,806		1,738
Other invested assets		1,936		1,260		1,789
Short-term investments		33,316		32,684		40,653
Payments for the purchase/origination of:
Fixed maturities, available-for-sale		(72,997)		(47,580)		(60,070)
Fixed maturities, trading		(7,041)		(4,174)		(659)
Assets supporting experience-rated contractholder liabilities		(1,773)		(2,290)		(11,799)
Equity securities		(6,576)		(4,296)		(3,451)
Commercial mortgage and other loans		(9,134)		(6,359)		(5,497)
Policy loans		(1,601)		(1,544)		(1,248)
Other invested assets		(3,884)		(3,049)		(2,832)
Short-term investments		(37,244)		(32,872)		(37,894)
Dispositions, net of cash disposed		0		0		422	[5]
Derivatives, net		(696)		(1,329)		(1,881)
Other, net		(50)		(676)		(98)
Cash flows from (used in) investing activities		(28,585)		(12,122)		(7,638)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholders’ account deposits		35,913		28,521		30,094
Policyholders’ account withdrawals		(19,388)		(18,307)		(24,149)
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities		3,884		(156)		(1,541)
Cash dividends paid on Common Stock		(1,891)		(1,846)		(1,817)
Net change in financing arrangements (maturities 90 days or less)		(583)		10		(214)
Common Stock acquired		(1,000)		(1,012)		(1,488)
Common Stock reissued for exercise of stock options		201		126		163
Proceeds from the issuance of debt (maturities longer than 90 days)		1,423		716		2,706
Repayments of debt (maturities longer than 90 days)		(814)		(1,982)		(1,184)
Proceeds from notes issued by consolidated VIEs		1,436		1,360		137
Repayments of notes issued by consolidated VIEs		(617)		(336)		0
Other, net		830	[2]	645	[2]	2,226	[6]
Cash flows from (used in) financing activities		19,394		7,739		4,933
Effect of foreign exchange rate changes on cash balances		(254)		37		(159)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS INCLUDING BALANCES CLASSIFIED AS HELD-FOR-SALE		(943)		2,164		2,294
NET CHANGE IN CASH BALANCES CLASSIFIED AS HELD-FOR-SALE		0		0		(2,071)	[5]
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS		(943)		2,164		4,365
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF YEAR		19,463		17,299		12,934
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, END OF YEAR		18,520		19,463		17,299
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes paid, net of refunds		756		895		1,090
Interest paid		1,995		1,555		1,452
HELD-FOR-SALE CLASSIFICATION
Assets classified as held-for-sale		0		0		(153,935)	[5]
Liabilities classified as held-for-sale		0		0		(151,508)	[5]
Net assets classified as held-for-sale		0		0		(2,427)
NON-CASH TRANSACTIONS DURING THE YEAR
Treasury Stock shares issued for stock-based compensation programs		217		282		236
Novation of annuity contracts	[7]	0		491		3,129
Assets transferred upon surrender of IRA contracts		0		2,019	[8]	0
RECONCILIATION TO STATEMENTS OF FINANCIAL POSITION
Cash and cash equivalents		18,497	[9]	19,419	[9]	17,251
Restricted cash and restricted cash equivalents (included in “Other assets”)		23		44		48
Total cash, cash equivalents, restricted cash and restricted cash equivalents		18,520		19,463		17,299
Significant pension risk transfer transactions:
NON-CASH TRANSACTIONS DURING THE YEAR
Assets received, excluding Cash and cash equivalents		11,693		2,264		8,246
Liabilities assumed		16,020		3,257		8,764
Net cash received / (paid)		4,327		993		518
Prismic Re
NON-CASH TRANSACTIONS DURING THE YEAR
Net cash received / (paid)		0	[10]	12	[10]	0
Net assets transferred, excluding Cash and cash equivalent		0	[10]	1,351	[10]	0
Reinsurance payables		102	[10]	8,185	[10]	0
Reinsurance recoverables		0	[10]	(5,584)	[10]	0
Deposit assets established for Policyholders' account balances ceded		0	[10]	(3,723)	[10]	0
Unwind of Deferred policy acquisition costs ceded		0	[10]	23	[10]	0
Deferred reinsurance loss		(102)	[10]	(240)	[10]	0
Somerset Re
NON-CASH TRANSACTIONS DURING THE YEAR
Net cash received / (paid)		69	[10]	0		0
Unwind of Deferred policy acquisition costs ceded		284	[10]	0		0
Reinsurance recoverables under modified coinsurance, net		(578)	[10]	0		0
Deferred reinsurance gain		363	[10]	0		0
Wilton Re
NON-CASH TRANSACTIONS DURING THE YEAR
Net cash received / (paid)		(745)	[10]	0		0
Net assets transferred, excluding Cash and cash equivalent		6,679	[10]	0		0
Policy loans ceded		44	[10]	0		0
Reinsurance payables		175	[10]	0		0
Reinsurance recoverables		(7,362)	[10]	0		0
Unwind of Deferred policy acquisition costs ceded		699	[10]	0		0
Deferred reinsurance loss		$ (980)	[10]	$ 0		$ 0
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions. Prior period amounts have been updated to conform to current period presentation. The amount for the year ended December 31, 2022 includes the recognized gains on the sales of Prudential Annuities Life Assurance Corporation (“PALAC”) and the Full Service Retirement business, which were completed on April 1, 2022. See Note 1 for additional information regarding these dispositions. See Note 1 for additional information regarding the dispositions. The amount for the year ended December 31, 2022 includes approximately $1.6 billion cash receipt from a secured borrowing related to the PALAC disposition, which was subsequently derecognized as part of a non-cash transaction during 2022 related to the novation of certain previously reinsured annuity products. See Note 1 for additional information. “Cash flows from (used in) operating activities” and “Cash flows from (used in) investing activities” exclude 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. “Cash flows from (used in) operating activities” exclude certain non-cash activities related to the sale of the Full Service Retirement business as a result of the surrender of certain Stable Value Individual Retirement Account (“IRA”) contracts from the Company to Great-West Life & Annuity Insurance Company. See Note 1 for additional information regarding this sale. See Note 4 for details of balances associated with variable interest entities. See Note 15 for additional information regarding the reinsurance agreements with Prismic Life Reinsurance, Ltd (“Prismic Re”), Somerset Reinsurance Ltd. (“Somerset Re”) and Wilton Reassurance Company and Wilton Reinsurance Bermuda Limited (collectively, “Wilton Re”).

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Gain (loss) from changes in estimates on deferred profit liability amortization	$ 73	$ 323	$ (377)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Billions	12 Months Ended
	Dec. 31, 2022 USD ($)
Held-for-sale | PALAC
Secured borrowing	$ 1.6

Business and Basis of Presentat

Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2024
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. 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. In September 2023, the Company, through its Corporate and Other operations, invested approximately $200 million, and acquired a 20% equity interest as a limited partner, in Prismic Life Holding Company LP (“Prismic”), a Bermuda-exempted limited partnership that owns all of the outstanding capital stock of Prismic Life Reinsurance, Ltd. (“Prismic Re”), a licensed Bermuda-based life and annuity reinsurance company. As this investment is accounted for under the equity method, both Prismic and Prismic Re are considered related parties. For additional information regarding related party transactions, see Note 24. Beginning with the fourth quarter of 2023, the operating results of Corporate and Other reflect the Company’s share of earnings in Prismic on a quarter lag. For information regarding the Company’s initial reinsurance transaction with Prismic Re, effective September 2023, see Note 15. As part of its continuous improvement process, the Company is working to become a leaner and more agile company by simplifying its management structure, empowering its employees with faster decision-making processes and investing in technology and data platforms. As part of this, the Company implemented changes to its organizational structure and recorded a restructuring charge of $ 200 million Basis of Presentation The Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The 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. 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. Revision of Previously Issued Financial Statements The Company reclassified certain amounts in prior periods to conform to the current period presentation and recorded other adjustments, including the following: During the fourth quarter of 2024, the Company identified an immaterial error in the application of adjusted operating income, its segment measure of performance, which resulted in an overstatement thereof for indexed variable and fixed annuity products within the Retirement Strategies segment in the first three quarters of 2024 and each of the four quarters of 2023. As a result, the Company has voluntarily revised its historical adjusted operating income for the relevant periods, resulting in decreases in pre-tax adjusted operating income of $149 million (unaudited) for the nine months ended September 30, 2024, and $55 million for the year ended December 31, 2023. These revisions had no impact to “Net income (loss)” for any period as determined in accordance with GAAP. See Note 23 for additional information regarding adjusted operating income. The Company corrected the prior period presentation for certain noncontrolling interests, primarily related to consolidated PGIM-managed funds, that contain redemption features that are at the option of the holder and outside of the Company’s control. These noncontrolling interests were previously reported within “Noncontrolling interests” and are now correctly presented as “Mezzanine equity” and totaled $1,153 million, $614 million and $339 million as of December 31, 2023, 2022 and 2021, respectively. The revised mezzanine equity balance of $1,766 million as of December 31, 2023 also reflected other immaterial adjustments. 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 coinsurance and modified coinsurance 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 in 2022 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 in 2022, 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 is 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 in 2022, 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 recognized in 2022, the Full Service Retirement business generated pre-tax income/(loss) of approximately $(220) million for the year ended December 31, 2022. 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	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS ASSETS Fixed maturities, available-for-sale, at fair value (“AFS debt securities”) includes bonds, notes and redeemable preferred stock that are carried at fair value. See Note 6 for additional information regarding the determination of fair value. The purchased cost of fixed maturities is adjusted for amortization of premiums and accretion of discounts to maturity or, if applicable, call date. AFS debt securities, where fair value is below amortized cost, are reviewed quarterly to determine whether the amortized cost basis of the security is recoverable. For mortgage-backed and asset-backed AFS debt securities, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. For all other AFS debt securities, qualitative factors are first considered including, but not limited to, the extent of the decline and the reasons for the decline in value (e.g., credit events, currency or interest-rate related, including general credit spread widening), and the financial condition of the issuer. If analysis of these qualitative factors results in the security needing to be impaired, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. A credit impairment recorded cannot exceed the difference between the amortized cost and fair value of the respective security. The net present value used to measure a credit impairment is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the AFS debt security at the date of acquisition. Once the Company has deemed all or a portion of the amortized cost uncollectible, the allowance is removed from the balance sheet by writing down the amortized cost basis of the AFS debt security. Any amount of an AFS debt security’s change in fair value not recorded as an allowance for credit losses will be recorded in Other Comprehensive Income (loss) (“OCI”). When an AFS debt security’s fair value is below amortized cost and the Company has the intent to sell the AFS debt security, or it is more likely than not the Company will be required to sell the AFS debt security before its anticipated recovery, the amortized cost basis of the AFS debt security is written down to fair value and any previously recognized allowance is reversed. The write-down is reported in “Realized investment gains (losses), net.” Interest income, including amortization of premium and accretion of discount, are included in “Net investment income” under the effective yield method. Prepayment premiums are also included in “Net investment income.” For high credit quality mortgage-backed and asset-backed AFS debt securities (those rated AA or above), the amortized cost and effective yield of the securities are adjusted as necessary to reflect historical prepayment experience and changes in estimated future prepayments. The adjustments to amortized cost are recorded as a charge or credit to “Net investment income” in accordance with the retrospective method. For mortgage-backed and asset-backed AFS debt securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is purchased with credit deterioration or an allowance is currently recorded for the respective security. If an investment is impaired, any changes in the estimated timing and amount of cash flows will be recorded as the credit impairment, as opposed to a yield adjustment. If the asset is purchased with credit deterioration (or previously impaired), the effective yield will be adjusted if there are favorable changes in cash flows subsequent to the allowance being reduced to zero. For mortgage-backed and asset-backed AFS debt securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries, which vary based on the asset type and geographic location, as well as the vintage year of the security. These assumptions can significantly impact income recognition, unrealized gains and loss recorded in OCI, and the amount of impairment recognized in earnings. The payment priority of the respective security is also considered. For all other AFS debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. The Company has developed these estimates using information based on its historical experience as well as using market observable data, such as industry analyst reports and forecasts, sector credit ratings and other data relevant to the collectability of a security, such as the general payment terms of the security and the security’s position within the capital structure of the issuer. “Fixed maturities, held-to-maturity, at amortized cost” (“HTM debt securities”) includes bonds that the Company has both the positive intent and ability to hold to maturity, and are carried at amortized cost, net of the current expected credit loss (“CECL”) allowance. Interest income for HTM debt securities is computed in the same manner as interest income for AFS debt securities. In the third quarter of 2023, the Company changed its intent to hold a portion of its HTM debt securities portfolio, which it would redeem as part of a reinsurance transaction. As a result, beginning September 30, 2023, the entire HTM debt securities portfolio was reclassified to AFS debt securities and recorded at fair value. Prior to the reclassification, credit impairment for HTM debt securities was recorded through a CECL allowance. The CECL allowance was generally determined based on probability of default and loss given default assumptions according to sector, credit quality and remaining time to maturity. Changes in the allowance were reported in “Realized investment gains (losses), net.” Once the Company deemed all or a portion of the amortized cost uncollectible, the uncollectible portion of the allowance was removed from the balance sheet by writing down the amortized cost basis of the security. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance was calculated separately for each HTM debt security. Key inputs to the CECL model include unpaid principal balances, credit ratings, annual expected loss factors, average life adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Fixed maturities, trading, at fair value (“Trading debt securities”) includes debt securities that are carried at fair value, such as fixed maturities with embedded features that are considered derivatives and assets contained within consolidated variable interest entities. See Note 6 for additional information regarding the determination of fair value. Realized and unrealized gains and losses for these investments are reported in “Other income (loss),” and interest income from these investments is reported in “Net investment income.” Assets supporting experience-rated contractholder liabilities, at fair value includes invested assets that consist of fixed maturities, equity securities, short-term investments and cash equivalents, that support certa in products wh ich are experience-rated, meaning that the investment results associated with these products are expected to ultimately accrue to contractholders. Realized and unrealized gains and losses for these investments are reported in “Other income (loss).” Interest and dividend income from these investments is reported in “Net investment income.” Equity securities, at fair value consists of common stock, mutual fund shares and non-redeemable preferred stock carried at fair value. Realized and unrealized gains and losses on these investments are reported in “Other income (loss),” and dividend income is reported in “Net investment income” on the ex-dividend date. Commercial mortgage and other loans consists of commercial mortgage loans, agricultural property loans, as well as certain other collateralized and uncollateralized loans. Uncollateralized loans primarily represent reverse dual currency loans and corporate loans held by the Company’s international insurance operations. Commercial mortgage and other loans originated and held for investment are generally carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses, and net of any CECL allowance. Certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans, and certain unfunded mortgage loan commitments where the Company cannot unconditionally cancel the commitment) are also subject to a CECL allowance. See Note 25 for additional information. The Company carries certain commercial mortgage loans originated within the Company’s commercial mortgage operations at fair value where the fair value option has been elected. Loans held for sale where the Company has not elected the fair value option are carried at the lower of cost or fair value. Commercial mortgage and other loans acquired, including those related to the acquisition of a business, are recorded at fair value when purchased, reflecting any premiums or discounts to unpaid principal balances. Interest income, and the amortization of the related premiums or discounts, are included in “Net investment income” under the effective yield method. Prepayment fees are also included in “Net investment income.” The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets or off-balance sheet credit exposures. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance is calculated separately for commercial mortgage loans, agricultural mortgage loans, and other collateralized and uncollateralized loans. For commercial mortgage and agricultural mortgage loans, the allowance is calculated using an internally developed CECL model that pools together loans that share similar risk characteristics. Similar risk characteristics used to create the pools include, but are not limited to, vintage, maturity, credit rating, and collateral type. Key inputs to the CECL model include unpaid principal balances, internal credit ratings, annual expected loss factors, average lives of the loans adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Information about certain key inputs is detailed below. Key factors in determining the internal credit ratings for commercial mortgage and agricultural mortgage loans include loan-to-value and debt-service-coverage ratios. Other factors include amortization, loan term, and estimated market value growth rate and volatility for the property type and region. The loan-to-value ratio compares the carrying amount of the loan to the fair value of the underlying property or properties collateralizing the loan, and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the carrying amount of the loan exceeds the collateral value. A loan-to-value ratio less than 100% indicates an excess of collateral value over the carrying amount of the loan. The debt service coverage ratio is a property’s net operating income as a percentage of its debt service payments. Debt service coverage ratios less than 1.0 indicates that property operations do not generate enough income to cover the loan’s current debt payments. A debt service coverage ratio greater than 1.0 indicates an excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage loan and agricultural property loan portfolios, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a quality re-rating process, whereby the internal quality rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary quality rating system. See Note 3 for additional information related to the loan-to-value ratios and debt service coverage ratios related to the Company’s commercial mortgage and agricultural loan portfolios. Annual expected loss rates are based on historical default and loss experience factors. Using average lives, the annual expected loss rates are converted into life-of-loan loss expectations. When individual loans no longer have the credit risk characteristics of the commercial or agricultural mortgage loan pools, they are removed from the pools and are evaluated individually for an allowance. The allowance is determined based on the outstanding loan balance less the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The CECL allowance on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. The change in allowance is reported in “Realized investment gains (losses), net.” As it relates to unfunded commitments that are in scope of this guidance, the CECL allowance is reported in “Other liabilities,” and the change in the allowance is reported in “Realized investment gains (losses), net.” The CECL allowance for other collateralized and uncollateralized loans (e.g., corporate loans) carried at amortized cost is determined based on probability of default and loss given default assumptions by sector, credit quality and average lives of the loans. Additions to, or releases of, the allowance are reported in “Realized investment gains (losses), net.” Once the Company has deemed a portion of the amortized cost to be uncollectible, the uncollectible portion of allowance is removed from the balance sheet by writing down the amortized cost basis of the loan. The carrying amount of the loan is not adjusted for subsequent recoveries in value. Interest received on loans that are past due is either applied against the principal or reported as net investment income based on the Company’s assessment as to the collectability of the principal. The Company defines “past due” as principal or interest not collected at least 30 days past the scheduled contractual due date. See Note 3 for additional information about the Company’s past due loans. The Company discontinues accruing interest on loans after the loans become 90 days delinquent as to principal or interest payments, or earlier when the Company has doubts about collectability. When the Company discontinues accruing interest on a loan, any accrued but uncollectible interest on the loan and other loans backed by the same collateral, if any, is charged against interest income in the same period. Generally, a loan is restored to accrual status only after all delinquent interest and principal are brought current and, in the case of loans where the payment of interest has been interrupted for a substantial period, or the loan has been modified, a regular payment performance has been established. Commercial mortgage and other loans are occasionally restructured. These restructurings generally include one or more of the following: full or partial payoffs outside of the original contract terms; changes to interest rates; extensions of maturity; or additions or modifications to covenants. Additionally, the Company may accept assets in full or partial satisfaction of the debt. Effective January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure, on a prospective basis. This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and requires all loan restructurings to follow the modification guidance in ASC 310-20. Prior to the adoption of ASU 2022-02, when restructurings occurred, they were evaluated individually to determine whether the restructuring or modification constituted a TDR as defined by authoritative accounting guidance. If the borrower was experiencing financial difficulty and the Company granted a concession, the restructuring, including those that involved a partial payoff or the receipt of assets in full satisfaction of the debt was deemed to be a TDR. 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. Post adoption of ASU 2022-02, all restructurings are evaluated under the modification guidance in ASC 310-20. When a loan is modified, the Company evaluates whether the restructuring results in a continuation of the existing loan or a new loan. For modifications that result in a continuation of the existing loan, the CECL allowance of the loan is remeasured using the modified terms, including the loan’s post-modification effective yield, and the allowance is adjusted accordingly. For modifications that result in a new loan, any CECL allowance is reversed and a direct write-down of the loan is recorded for the amount of the allowance, and any additional loss, net of recoveries, or any gain is recorded for the difference between the fair value of the new loan and the recorded investment in the loan. The new loan is evaluated prospectively for credit impairment based on the CECL allowance process noted above. The Company’s PGIM business provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities (“GSEs”). The Company has agreed to indemnify the GSEs for a portion of the credit risk associated with certain of the mortgages it services. Management has established a CECL allowance that factors in historical loss information, current conditions and reasonable and supportable forecasts. The allowance also considers the remaining lives of the loans subject to the indemnification. The CECL allowance is included in “Other liabilities” and changes in the CECL allowance are reported in “Realized investment gains (losses), net.” See Note 25 for additional information. Policy loans represents funds loaned to policyholders up to the cash surrender value of the associated insurance policies and are carried at the unpaid principal balances due to the Company from the policyholders. Interest income on policy loans is recognized in “Net investment income” at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policies. Other invested assets consists of the Company’s non-coupon investments in limited partnerships and limited liability companies (“LPs/LLCs”), other than joint ventures and other operating entities, as well as wholly-owned investment real estate, derivative assets and other investments. LPs/LLCs interests are accounted for using either the equity method of accounting, or at fair value with changes in fair value reported in “Other income (loss).” The Company’s income from investments in LPs/LLCs accounted for using the equity method, other than the Company’s investments in joint ventures and other operating entities, is included in “Net investment income.” The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In applying the equity method (including assessment for OTTI), the Company uses financial information provided by the investee, generally on a one to three-month lag. The Company consolidates LPs/LLCs in certain other instances where it is deemed to exercise control, or is considered the primary beneficiary of a variable interest entity. See Note 4 for additional information about VIEs. The Company’s wholly-owned investment real estate consists of real estate which the Company has the intent to hold for the production of income as well as real estate held for sale. Real estate which the Company has the intent to hold for the production of income is carried at depreciated cost less any write-downs to fair value for impairment losses and is reviewed for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Real estate held for sale is carried at the lower of depreciated cost or fair value less estimated selling costs and is not further depreciated once classified as such. An impairment loss is recognized when the carrying value of the investment real estate exceeds the estimated undiscounted future cash flows (excluding interest charges) from the investment. At that time, the carrying value of the investment real estate is written down to fair value. Decreases in the carrying value of investment real estate held for the production of income due to OTTI are recorded in “Realized investment gains (losses), net.” Depreciation on real estate held for the production of income is computed using the straight-line method over the estimated useful lives of the properties and is included in “Net investment income.” Short-term investments primarily consists of highly liquid debt instruments with a maturity of twelve months or less and greater than three months when purchased, other than those debt instruments meeting this definition that are included in “Assets supporting experience-rated contractholder liabilities, at fair value.” These investments are generally carried at fair value or amortized cost that approximates fair value and include certain money market investments, funds managed similar to regulated money market funds, short-term debt securities issued by government-sponsored entities and other highly liquid debt instruments. Cash and cash equivalents includes cash on hand, amounts due from banks, certain money market investments, funds managed similar to regulated money market funds, other debt instruments with maturities of three months or less when purchased, other than cash equivalents that are included in “Assets supporting experience-rated contractholder liabilities, at fair value,” and receivables related to securities purchased under agreements to resell (see also “ Securities sold under agreements to repurchase ” below). These assets are generally carried at fair value or amortized cost which approximates fair value. Accrued investment income primarily includes accruals of interest and dividend income from investments that have been earned but not yet received. 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.” Upon the adoption of ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts , the carrying amount of DAC for long-duration contracts is no longer subject to recoverability testing. DAC for most long-duration contracts 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 Businesses 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 Businesses segments is amortized in proportion to deposits. • Health contracts – DAC associated with health contracts in the International Businesses 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 December 31, 2024, 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 benefit 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 15 for additional information regarding the reinsurance of PDI. Reinsurance recoverables and deposit receivables includes amounts recoverable under reinsurance agreements and receivables that follow the deposit method of accounting (see “Reinsurance” below). Other assets consists primarily of prepaid pension benefit costs (see Note 19), 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 joint ventures and other operating entities, property and equipment, deferred reinsurance losses (see “Reinsurance” below) and receivables resulting from sales of securities that had not yet settled at the balance sheet date. Trade receivables primarily relate to Assurance IQ (“AIQ”) and are reported net of the CECL allowance. The CECL allowance considers the credit quality of the counterparties and is generally determined based on probability of default and loss given default assumptions. Additions to or releases of the allowance are reported in “General and administrative expenses.” In March 2024, the Company committed to a plan to exit the operations of AIQ. Property and equipment are carried at cost less accumulated depreciation. Depreciation is determined using the straight-line method over the estimated useful lives of the related assets,

Investments

Investments	12 Months Ended
	Dec. 31, 2024
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: December 31, 2024 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 $ 24,869 $ 584 $ 5,105 $ 0 $ 20,348 Obligations of U.S. states and their political subdivisions 6,590 132 618 0 6,104 Foreign government securities 63,523 1,837 7,881 0 57,479 U.S. public corporate securities 108,883 1,226 11,529 72 98,508 U.S. private corporate securities(1) 45,854 918 2,926 57 43,789 Foreign public corporate securities 23,165 248 1,421 10 21,982 Foreign private corporate securities 38,652 314 4,311 192 34,463 Asset-backed securities(2) 16,979 214 59 0 17,134 Commercial mortgage-backed securities 9,791 29 547 0 9,273 Residential mortgage-backed securities(3) 2,698 15 223 0 2,490 Total fixed maturities, available-for-sale(1) $ 341,004 $ 5,517 $ 34,620 $ 331 $ 311,570 __________ (1) Excludes notes with amortized cost of $14,748 million (fair value, $14,748 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, home equity loans, auto loans, education loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. December 31, 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 $ 24,874 $ 1,091 $ 4,169 $ 0 $ 21,796 Obligations of U.S. states and their political subdivisions 8,650 267 459 0 8,458 Foreign government securities 71,556 3,895 5,208 53 70,190 U.S. public corporate securities 105,593 2,357 9,711 67 98,172 U.S. private corporate securities(1) 42,801 807 2,574 14 41,020 Foreign public corporate securities 20,473 487 1,298 19 19,643 Foreign private corporate securities 35,128 613 3,446 5 32,290 Asset-backed securities(2) 12,514 202 119 2 12,595 Commercial mortgage-backed securities 10,571 34 713 0 9,892 Residential mortgage-backed securities(3) 2,438 24 197 0 2,265 Total fixed maturities, available-for-sale(1) $ 334,598 $ 9,777 $ 27,894 $ 160 $ 316,321 __________ (1) Excludes notes with amortized cost of $12,370 million (fair value, $12,370 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by 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. 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: December 31, 2024 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 $ 6,667 $ 334 $ 10,161 $ 4,771 $ 16,828 $ 5,105 Obligations of U.S. states and their political subdivisions 1,592 53 3,288 565 4,880 618 Foreign government securities 8,280 349 20,780 7,532 29,060 7,881 U.S. public corporate securities 25,420 1,036 48,152 10,485 73,572 11,521 U.S. private corporate securities 7,581 183 24,846 2,743 32,427 2,926 Foreign public corporate securities 5,751 170 8,084 1,246 13,835 1,416 Foreign private corporate securities 8,702 282 18,862 4,010 27,564 4,292 Asset-backed securities 1,488 11 1,015 48 2,503 59 Commercial mortgage-backed securities 1,092 8 6,432 539 7,524 547 Residential mortgage-backed securities 361 4 1,377 219 1,738 223 Total fixed maturities, available-for-sale $ 66,934 $ 2,430 $ 142,997 $ 32,158 $ 209,931 $ 34,588 December 31, 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 $ 2,718 $ 95 $ 12,642 $ 4,074 $ 15,360 $ 4,169 Obligations of U.S. states and their political subdivisions 862 14 3,816 445 4,678 459 Foreign government securities 9,098 542 19,589 4,664 28,687 5,206 U.S. public corporate securities 4,881 103 61,204 9,604 66,085 9,707 U.S. private corporate securities 3,026 69 27,062 2,504 30,088 2,573 Foreign public corporate securities 1,766 37 10,812 1,246 12,578 1,283 Foreign private corporate securities 1,578 120 22,145 3,324 23,723 3,444 Asset-backed securities 846 30 5,886 89 6,732 119 Commercial mortgage-backed securities 287 3 8,251 710 8,538 713 Residential mortgage-backed securities 92 2 1,599 195 1,691 197 Total fixed maturities, available-for-sale $ 25,154 $ 1,015 $ 173,006 $ 26,855 $ 198,160 $ 27,870 As of December 31, 2024 and 2023, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance of $33,437 million and $26,879 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 $1,151 million and $991 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of December 31, 2024, the $32,158 million of gross unrealized losses of twelve months or more were concentrated in the finance, consumer non-cyclical and utility sectors within corporate securities as well as in foreign government securities. As of December 31, 2023, the $26,855 million of gross unrealized losses of twelve months or more were concentrated in the finance, consumer non-cyclical and utility sectors within corporate securities as well as in foreign government securities. In accordance with its policy described in Note 2, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at December 31, 2024. This conclusion was based on detailed analysis of the underlying credit and cash flows for each security. Gross unrealized losses are primarily attributable to increases in interest rates, general credit spread widening and foreign currency exchange rate movements. As of December 31, 2024, 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 amortized cost basis. The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: December 31, 2024 Available-for-sale Amortized Fair (in millions) Fixed maturities: Due in one year or less $ 9,963 $ 9,930 Due after one year through five years 58,822 57,973 Due after five years through ten years(1) 63,001 61,513 Due after ten years(1) 179,750 153,257 Asset-backed securities 16,979 17,134 Commercial mortgage-backed securities 9,791 9,273 Residential mortgage-backed securities 2,698 2,490 Total $ 341,004 $ 311,570 __________ (1) Excludes notes with amortized cost of $14,748 million (fair value, $14,748 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: Years Ended December 31, 2024 2023 2022 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 36,727 $ 27,161 $ 33,010 Proceeds from maturities/prepayments 22,432 17,010 17,957 Gross investment gains from sales and maturities 1,400 973 1,240 Gross investment losses from sales and maturities (3,553) (2,183) (2,589) Write-downs recognized in earnings(2) (924) (81) (116) (Addition to) release of allowance for credit losses (195) (22) (24) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 0 $ 21 $ 37 (Addition to) release of allowance for credit losses 0 2 2 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(100) million, $(74) million and $(144) million for the years ended December 31, 2024, 2023 and 2022, respectively. (2) Amounts represent securities actively marketed for sale, securities where it is more likely than not the Company will be required to sell prior to the recovery of the amortized cost basis and write-downs on credit adverse securities. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of The following tables set forth the balance of and changes in the allowance for credit losses for fixed maturity securities, as of and for the periods indicated: Year Ended December 31, 2024 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Securities 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 $ 53 $ 105 $ 2 $ 0 $ 0 $ 160 Additions to allowance for credit losses not previously recorded 0 0 235 0 0 0 235 Reductions for securities sold during the period 0 (30) (55) 0 0 0 (85) Reductions for securities with intent to sell 0 0 0 0 0 0 0 Additions (reductions) on securities with previous allowance 0 (23) 46 (2) 0 0 21 Write-downs charged against the allowance 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 331 $ 0 $ 0 $ 0 $ 331 Year Ended December 31, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Securities 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 99 0 0 0 161 Reductions for securities sold during the period 0 0 (162) 0 0 0 (162) Additions (reductions) on securities with previous allowance 0 (10) 49 1 0 0 40 Write-downs charged against the allowance 0 0 (17) 0 0 0 (17) Balance, end of period $ 0 $ 53 $ 105 $ 2 $ 0 $ 0 $ 160 Year Ended December 31, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Securities 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(1) 0 0 (2) 0 0 0 (2) Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) In the third quarter of 2023, the Company changed its intent to hold a portion of its held-to-maturity portfolio, which was redeemed as part of a recently announced reinsurance transaction. As a result, the entire held-to-maturity portfolio was reclassified to available-for-sale and recorded at fair value. See Note 2 for additional information about the Company’s methodology for developing its allowance and expected losses. For the year ended December 31, 2024, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions in the consumer cyclical, capital goods and energy sectors within corporate securities, due to adverse projected cash flows. For the year ended December 31, 2023, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions in the communication sector within corporate securities, as well as foreign government securities due to adverse projected cash flows, partially offset by a net release on restructured securities within the utility and capital goods sectors. 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: December 31, 2024 December 31, 2023 Amortized Fair Amortized Fair (in millions) Fixed maturities: Corporate securities $ 68 $ 67 $ 81 $ 79 Foreign government securities 544 539 606 604 Obligations of U.S. government authorities and agencies and obligations of U.S. states 207 220 202 206 Total fixed maturities(1) 819 826 889 889 Equity securities 1,763 2,881 1,607 2,279 Total assets supporting experience-rated contractholder liabilities(2) $ 2,582 $ 3,707 $ 2,496 $ 3,168 __________ (1) As a percentage of amortized cost, 99% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both December 31, 2024 and 2023. (2) As a percentage of amortized cost, 100% of the portfolio consisted of public securities as of both December 31, 2024 and 2023. 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 $495 million, $440 million and $(737) million during the years ended December 31, 2024, 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 $(551) million, $518 million and $(1,427) million during the years ended December 31, 2024, 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 $735 million, $612 million and $(914) million during the years ended December 31, 2024, 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: December 31, 2024 December 31, 2023 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 56,457 $ 51,177 $ 62,591 $ 61,484 Fixed maturities, trading 18 18 19 19 Assets supporting experience-rated contractholder liabilities 472 462 522 514 Total $ 56,947 $ 51,657 $ 63,132 $ 62,017 December 31, 2024 December 31, 2023 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,753 $ 2,251 $ 3,028 $ 2,992 Fixed maturities, trading 44 40 0 0 Short-term investments 2 2 0 0 Cash equivalents 228 228 427 427 Total $ 3,027 $ 2,521 $ 3,455 $ 3,419 Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: December 31, 2024 December 31, 2023 Amount % of Amount % of ($ in millions) Commercial mortgage and agricultural property loans by property type: Office $ 7,867 12.7 % $ 8,402 14.2 % Retail 5,552 9.0 5,384 9.1 Apartments/Multi-Family 17,522 28.3 16,555 28.0 Industrial 16,900 27.3 15,263 25.8 Hospitality 1,831 3.0 2,086 3.5 Other 4,386 7.1 4,069 6.9 Total commercial mortgage loans 54,058 87.4 51,759 87.5 Agricultural property loans 7,775 12.6 7,426 12.5 Total commercial mortgage and agricultural property loans 61,833 100.0 % 59,185 100.0 % Allowance for credit losses (528) (459) Total net commercial mortgage and agricultural property loans 61,305 58,726 Other loans: Uncollateralized loans 595 425 Residential property loans 19 30 Other collateralized loans 468 125 Total other loans 1,082 580 Allowance for credit losses (46) (1) Total net other loans 1,036 579 Total net commercial mortgage and other loans(1) $ 62,341 $ 59,305 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of December 31, 2024 and 2023, the net carrying value of these loans was $702 million and $519 million, respectively. As of December 31, 2024, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States with the largest concentrations in California (28%), Texas (7%) and Florida (6%) and included loans secured by properties in Europe (6%), Mexico (2%), Asia (1%) and Australia (1%). The following table sets forth the balance of and changes in the allowance for credit losses for commercial mortgage and other loans, as of and for the periods ended: Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance at December 31, 2021 $ 111 $ 4 $ 0 $ 0 $ 4 $ 119 Addition to (release of) allowance for expected losses 72 9 0 0 (1) 80 Other 5 0 0 0 (1) 4 Balance at December 31, 2022 188 13 0 0 2 203 Addition to (release of) allowance for expected losses 282 3 0 0 (1) 284 Write-downs charged against the allowance (29) 0 0 0 0 (29) Other 2 0 0 0 0 2 Balance at December 31, 2023 443 16 0 0 1 460 Addition to (release of) allowance for expected losses 100 110 0 32 13 255 Write-downs charged against the allowance (132) (5) 0 0 0 (137) Other (4) 0 0 0 0 (4) Balance at December 31, 2024 $ 407 $ 121 $ 0 $ 32 $ 14 $ 574 See Note 2 for additional information about the Company’s methodology for developing the allowance and expected losses. For the year ended December 31, 2024, net additions to the allowance for credit losses on commercial mortgage and other loans were primarily related to increases in loan-specific reserves within agricultural property loans and commercial mortgage loans within the retail and office sectors along with the establishment of general reserves for both the collateralized and uncollateralized loan portfolios. For the year ended December 31, 2023, net additions to the allowance for credit losses on commercial mortgage and other loans were primarily related to increases to the portfolio reserve to reflect declining market conditions and increases in loan-specific reserves within the office sector. For the year ended December 31, 2024, there were $137 million of write-downs charged against the allowance of which $132 million was related to a loan originated in 2016 and $5 million related to a loan originated in 2015. For the year ended December 31, 2023, there were $29 million of write-downs charged against the allowance for credit losses related to a loan originated in 2018. 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: December 31, 2024 Amortized Cost by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 2,122 $ 1,492 $ 1,183 $ 2,295 $ 1,378 $ 16,652 $ 36 $ 25,158 60%-69.99% 4,726 2,287 1,013 2,192 846 5,113 0 16,177 70%-79.99% 809 1,326 953 1,327 446 2,293 0 7,154 80% or greater 48 135 482 216 281 4,407 0 5,569 Total $ 7,705 $ 5,240 $ 3,631 $ 6,030 $ 2,951 $ 28,465 $ 36 $ 54,058 Debt Service Coverage Ratio: Greater than 1.2x $ 6,771 $ 4,563 $ 3,283 $ 5,929 $ 2,795 $ 25,790 $ 0 $ 49,131 1.0 - 1.2x 745 527 313 43 102 1,279 36 3,045 Less than 1.0x 189 150 35 58 54 1,396 0 1,882 Total $ 7,705 $ 5,240 $ 3,631 $ 6,030 $ 2,951 $ 28,465 $ 36 $ 54,058 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 657 $ 371 $ 877 $ 2,004 $ 679 $ 1,491 $ 122 $ 6,201 60%-69.99% 87 555 125 10 53 43 0 873 70%-79.99% 0 0 0 6 0 3 0 9 80% or greater 0 6 521 0 71 42 52 692 Total $ 744 $ 932 $ 1,523 $ 2,020 $ 803 $ 1,579 $ 174 $ 7,775 Debt Service Coverage Ratio: Greater than 1.2x $ 688 $ 864 $ 932 $ 1,967 $ 739 $ 1,384 $ 122 $ 6,696 1.0 - 1.2x 56 63 530 45 23 98 52 867 Less than 1.0x 0 5 61 8 41 97 0 212 Total $ 744 $ 932 $ 1,523 $ 2,020 $ 803 $ 1,579 $ 174 $ 7,775 December 31, 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% $ 1,822 $ 911 $ 2,264 $ 1,437 $ 3,205 $ 16,569 $ 0 $ 26,208 60%-69.99% 2,765 1,440 2,541 1,107 2,146 4,530 0 14,529 70%-79.99% 1,001 1,004 1,278 401 1,013 2,277 0 6,974 80% or greater 145 357 203 330 209 2,804 0 4,048 Total $ 5,733 $ 3,712 $ 6,286 $ 3,275 $ 6,573 $ 26,180 $ 0 $ 51,759 Debt Service Coverage Ratio: Greater than 1.2x $ 5,237 $ 3,194 $ 6,122 $ 3,182 $ 5,988 $ 23,196 $ 0 $ 46,919 1.0 - 1.2x 346 366 82 38 265 1,713 0 2,810 Less than 1.0x 150 152 82 55 320 1,271 0 2,030 Total $ 5,733 $ 3,712 $ 6,286 $ 3,275 $ 6,573 $ 26,180 $ 0 $ 51,759 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 360 $ 880 $ 2,027 $ 774 $ 455 $ 1,481 $ 74 $ 6,051 60%-69.99% 586 668 25 50 20 4 0 1,353 70%-79.99% 7 0 0 0 0 0 0 7 80% or greater 0 0 0 0 15 0 0 15 Total $ 953 $ 1,548 $ 2,052 $ 824 $ 490 $ 1,485 $ 74 $ 7,426 Debt Service Coverage Ratio: Greater than 1.2x $ 948 $ 1,535 $ 2,040 $ 750 $ 489 $ 1,290 $ 74 $ 7,126 1.0 - 1.2x 0 5 4 58 0 151 0 218 Less than 1.0x 5 8 8 16 1 44 0 82 Total $ 953 $ 1,548 $ 2,052 $ 824 $ 490 $ 1,485 $ 74 $ 7,426 See Note 2 for additional information about the Company’s commercial mortgage and other loans credit quality monitoring process. The Company may grant loan modifications in its commercial mortgage and other loan portfolios to borrowers experiencing financial difficulties. These loan modifications may be in the form of principal forgiveness, interest rate reduction, other-than-insignificant payment delay, term extension or some combination thereof. The amount, timing and extent of modifications granted and subsequent performance are considered in determining any allowance for credit losses. The following tables set forth the amortized cost basis of loan modifications made to borrowers experiencing financial difficulties as of the dates indicated: Year Ended December 31, 2024 Term Extension % of Amortized Cost Other Than Insignificant Delay in Payment % of Amortized Cost ($ in millions) Commercial mortgage loans $ 337 0.6 % $ 63 0.1 % Agricultural property loans $ 3 0.0 % $ 0 0.0 % The modifications added less than one year to the weighted average life in both the commercial mortgage and agricultural property loan portfolios. During the year ended December 31, 2023, the Company did not modify any loans to borrowers experiencing financial difficulties. The Company did not have any commitments to lend additional funds to borrowers experiencing financial difficulties on modified loans as of December 31, 2024. 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: December 31, 2024 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1)(2) Total Past Total Non-Accrual Status(3) (in millions) Commercial mortgage loans $ 53,873 $ 0 $ 3 $ 182 $ 185 $ 54,058 $ 220 Agricultural property loans 7,012 0 21 742 763 7,775 767 Residential property loans 19 0 0 0 0 19 0 Other collateralized loans 468 0 0 0 0 468 0 Uncollateralized loans 595 0 0 0 0 595 25 Total $ 61,967 $ 0 $ 24 $ 924 $ 948 $ 62,915 $ 1,012 __________ (1) As of December 31, 2024, there were no loans in this category accruing interest. (2) 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. December 31, 2023 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1)(2) Total Past Total Non-Accrual Status(3) (in millions) Commercial mortgage loans $ 51,665 $ 34 $ 0 $ 60 $ 94 $ 51,759 $ 94 Agricultural property loans 7,392 15 15 4 34 7,426 38 Residential property loans 30 0 0 0 0 30 0 Other collateralized loans 125 0 0 0 0 125 0 Uncollateralized loans 425 0 0 0 0 425 25 Total $ 59,637 $ 49 $ 15 $ 64 $ 128 $ 59,765 $ 157 __________ (1) As of December 31, 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. Loans on non-accrual status recognized interest of $16 million and $3 million for the years ended December 31, 2024 and 2023, respectively. Loans on non-accrual status that did not have a related allowance for credit losses were $207 million and $126 million as of December 31, 2024 and 2023, respectively. The Company did not have any losses on commercial mortgage and other loans purchased with credit deterioration as of both December 31, 2024 and 2023. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: December 31, 2024 2023 (in millions) LPs/LLCs: Equity method: Private equity $ 10,615 $ 8,929 Hedge funds 3,143 3,164 Real estate-related(1) 2,661 2,256 Subtotal equity method 16,419 14,349 Fair value: Private equity 1,076 1,247 Hedge funds 2,080 2,078 Real estate-related 951 800 Subtotal fair value 4,107 4,125 Total LPs/LLCs 20,526 18,474 Real estate held through direct ownership(2) 1,743 1,794 Total alternative assets 22,269 20,268 Credit-like instruments(3) 933 0 Derivative instruments 1,597 1,100 Other(1)(4) 1,552 1,487 Total other invested assets $ 26,351 $ 22,855 __________ (1) Prior period amounts have been updated to conform to current period presentation. (2) As of December 31, 2024 and 2023, real estate held through direct ownership had mortgage debt of $185 million and $158 million, respectively. (3) Includes structured debt investments in feeder funds that are consolidated, resulting in the Company reporting the consolidated feeder funds’ proportionate share of the net assets of the master fund within Other invested assets. (4) Primarily includes equity investments accounted for under the measurement alternative, tax advantaged investments, 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 18. In certain investment structures, the Company’s investment management business invests with other co-investors in an investment fund referred to as a feeder fund. In these structures, the invested capital of several feeder funds is pooled together and used to purchase ownership interests in another fund, referred to as a master fund. The master fund utilizes this invested capital and, in certain cases, other debt financing, to purchase various classes of assets on behalf of its investors. Specialized industry accounting for investment companies calls for the feeder fund to reflect its investment in the master fund as a single net asset equal to its proportionate share of the net assets of the master fund, regardless of its level of interest in the master fund. In cases where the Company consolidates the feeder fund, it retains the feeder fund’s net asset presentation and reports the consolidated feeder fund’s proportionate share of the net assets of the master fund in “Other invested assets,” with any unaffiliated investors’ noncontrolling interest in the feeder fund reported in “Redeemable noncontrolling interests” or “Noncontrolling interests.” The consolidated feeder funds’ investments in these master funds, reflected on this net asset basis, totaled $788 million and $712 million as of December 31, 2024 and 2023, respectively. There were $450 million and $404 million of unaffiliated interest in the consolidated feeder funds as of December 31, 2024 and 2023, respectively, and the master funds had gross assets of $43,004 million and $37,046 million, respectively, and gross liabilities of $41,370 million and $35,344 million, respectively, which are not included on the Company’s Consolidated Statements of Financial Position. Equity Method Investments The following tables set forth summarized combined financial information for significant LP/LLC interests accounted for under the equity method, including the Company’s investments in joint ventures and other operating entities that are described in more detail in Note 9. Changes between periods in the tables below reflect changes in the activities within the joint ventures and other operating entities and LPs/LLCs, as well as changes in the Company’s level of investment in such entities: December 31, 2024 2023 (in millions) STATEMENTS OF FINANCIAL POSITION Total assets(1) $ 803,096 $ 681,739 Total liabilities(2) $ 59,358 $ 61,785 Partners’ capital 743,738 619,954 Total liabilities and partners’ capital $ 803,096 $ 681,739 Equity in LP/LLC interests included above $ 16,586 $ 14,895 Equity in LP/LLC interests not included above 1,003 968 Carrying value $ 17,589 $ 15,863 __________ (1) Amount represents gross assets of each fund where the Company has a significant investment. These assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Amount represents gross liabilities of each fund where the Company has a significant investment. These liabilities consist primarily of third-party borrowed funds, securities repurchase agreements and other miscellaneous liabilities. Years Ended December 31, 2024 2023 2022 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 86,249 $ 43,325 $ 28,299 Total expenses(2) (22,327) (14,551) (3,608) Net earnings (losses) $ 63,922 $ 28,774 $ 24,691 Equity in net earnings (losses) included above $ 1,112 $ 620 $ 641 Equity in net earnings (losses) of LP/LLC interests not included above (245) 22 16 Total equity in net earnings (losses) $ 867 $ 642 $ 657 __________ (1) Amount represents gross revenue of each fund where the Company has a significant investment. This revenue consists of income from investments in real estate, investments in securities and other income. (2) Amount represents gross expenses of each fund where the Company has a significant investment. These expenses consist primarily of interest expense, investment management fees, salary expenses and other expenses. Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: December 31, 2024 2023 (in millions) Fixed maturities $ 2,892 $ 2,727 Equity securities 8 6 Commercial mortgage and other loans 228 224 Policy loans 236 259 Other invested assets 12 23 Short-term investments and cash equivalents 65 48 Total accrued investment income $ 3,441 $ 3,287 Write-downs on accrued investment income were $2 million and less than $1 million for the years ended December 31, 2024 and 2023, respectively. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Years Ended December 31, 2024 2023 2022 (in millions) Fixed maturities, available-for-sale(1) $ 14,948 $ 13,305 $ 11,773 Fixed maturities, held-to-maturity(1) 0 148 213 Fixed maturities, trading 555 292 233 Assets supporting experience-rated contractholder liabilities 56 45 167 Equity securities 206 197 160 Commercial mortgage and other loans 2,591 2,279 2,196 Policy loans 492 499 499 Other invested assets 1,326 1,347 1,240 Short-term investments and cash equivalents 1,171 954 406 Gross investment income 21,345 19,066 16,887 Less: investment expenses (1,436) (1,201) (850) Net investment income $ 19,909 $ 17,865 $ 16,037 __________ (1) Includes income on credit-linked notes which are reported on the same financial statement line as related surplus notes, as conditions are met for right

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2024
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 VIEs. A VIE is an entity that either (1) has equity investors that lack certain essential characteristics of a controlling financial interest (including the ability to control activities of the entity, the obligation to absorb the entity’s expected losses and the right to receive the entity’s expected residual returns) or (2) lacks sufficient equity to finance its own activities without financial support provided by other entities, which in turn would be expected to absorb at least some of the expected losses of the VIE. The Company is the primary beneficiary if the Company has (1) the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and (2) the obligation to absorb losses of the entity that could be potentially significant to the VIE or the right to receive benefits from the entity that could be potentially significant. If the Company determines that it is the VIE’s primary beneficiary, it consolidates the VIE. Consolidated Variable Interest Entities The Company is the investment manager of certain asset-backed investment vehicles, commonly referred to as CLOs, and certain other vehicles for which the Company earns fee income for investment management services. The Company may sell or syndicate investments through these vehicles, principally as part of the strategic investing activity of the Company’s investment management businesses. Additionally, the Company may invest in securities issued by these vehicles. The Company is also the investment manager of certain investment structures whose beneficial interests are wholly-owned by consolidated subsidiaries. The Company has analyzed these relationships and determined that for certain CLOs and other investment structures it is the primary beneficiary and consolidates these entities. This analysis includes a review of (1) the Company’s rights and responsibilities as investment manager and (2) variable interests (if any) held by the Company. The assets of these VIEs are restricted and must be used first to settle liabilities of the VIE. The Company is not required to provide, and has not provided, material financial or other support to any of these VIEs. Additionally, the Company is the primary beneficiary of certain VIEs in which the Company has invested, as part of its investment activities, but for which it is not the investment manager. These include structured investments issued by a VIE that manages yen-denominated investments coupled with cross-currency coupon swap agreements thereby creating synthetic dual currency investments. The Company’s involvement in the structuring of these investments combined with its economic interest indicates that the Company is the primary beneficiary. The Company has not provided material financial support or other support that was not contractually required to these VIEs. 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 Other Consolidated VIEs December 31, December 31, 2024 2023 2024 2023 (in millions) Fixed maturities, available-for-sale $ 1,250 $ 539 $ 716 $ 836 Fixed maturities, trading 166 943 0 0 Equity securities 80 106 0 0 Commercial mortgage and other loans 681 764 490 0 Other invested assets 6,379 4,319 500 485 Cash and cash equivalents 308 302 0 0 Accrued investment income 6 7 3 3 Other assets 644 1,023 613 636 Total assets of consolidated VIEs $ 9,514 $ 8,003 $ 2,322 $ 1,960 Other liabilities $ 218 $ 588 $ 1 $ 0 Notes issued by consolidated VIEs(2) 1,392 1,374 38 0 Total liabilities of consolidated VIEs $ 1,610 $ 1,962 $ 39 $ 0 __________ (1) Total assets of consolidated VIEs reflect $3,835 million and $4,003 million as of December 31, 2024 and 2023, 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 December 31, 2024, the maturities of these obligations were betwee n 5 and 14 years. Unconsolidated Variable Interest Entities The Company has determined that it is not the primary beneficiary of certain VIEs for which it may or may not be the investment manager. These VIEs consist primarily of CLOs and investment funds for which the Company has determined that it is not the primary beneficiary as it does not have both (1) the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and (2) the obligation to absorb losses of the entity that could be potentially significant to the VIE or the right to receive benefits from the entity that could be potentially significant. The Company’s maximum exposure to loss resulting from its relationship with unconsolidated VIEs is limited to its investment in the VIEs, which was $1,529 million and $1,165 million at December 31, 2024 and 2023, respecti vely. 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 Consolidated Statements of Financial Position. 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. Limited Partnerships and Limited Liability Companies In the normal course of its activities, the Company will invest in LPs/LLCs which include hedge funds, private equity funds and real estate-related funds and may or may not be VIEs. The Company classifies these investments as “Other invested assets” and its maximum exposure to loss associated with these VIE and non-VIE entities is limited to the amount of its investment, which was $21,847 million and $18,796 million as of December 31, 2024 and 2023, respectively. The Company has determined that it is not required to consolidate these entities because either (1) it does not control them or (2) it does not have the obligation to absorb losses of these entities that could be potentially significant to the entities or the right to receive benefits from the entities that could be potentially significant.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVES AND HEDGING Types of Derivative and Hedging Instruments Interest Rate Contracts Interest rate swaps, interest rate total return swaps, options and futures are used by the Company to reduce risks from changes in interest rates, manage interest rate exposures arising from mismatches between assets and liabilities and to hedge against changes in their values it owns or anticipates acquiring or selling. Swaps may be attributed to specific assets or liabilities or to a portfolio of assets or liabilities. Under interest rate swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed upon notional principal amount. Under interest rate total return swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between the return on a fixed income market index and Secured Overnight Financing Rate (“SOFR”) plus an associated funding spread based on a notional amount. The Company also uses interest rate swaptions, caps, and floors to manage interest rate risk. A swaption is an option to enter into a swap with a forward starting effective date. The Company pays a premium for purchased swaptions and receives a premium for written swaptions. In an interest rate cap, the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. Similarly, in an interest rate floor, the buyer receives payments at the end of each period in which the interest rate is below the agreed strike price. Swaptions, caps and floors are included in interest rate options. In standardized exchange-traded interest rate futures transactions, the Company purchases or sells a specified number of contracts, the values of which are determined by the daily market values of underlying referenced investments. The Company enters into exchange-traded futures with regulated futures commission’s merchants who are members of a trading exchange. Equity Contracts Equity options, equity total return swaps, and futures are used by the Company to manage its exposure to the equity markets which impacts the value of assets and liabilities it owns or anticipates acquiring or selling. Equity index options are contracts which will settle in cash based on differentials in the underlying indices at the time of exercise and the strike price. The Company uses combinations of purchases and sales of equity index options to hedge the effects of adverse changes in equity indices within a predetermined range. Equity total return swaps are contracts whereby the Company agrees with counterparties to exchange, at specified intervals, the difference between the return on an equity asset (or equity market index) and SOFR plus an associated funding spread based on a notional amount. The Company generally uses equity total return swaps to hedge the effect of adverse changes in equity indices. In standardized exchange-traded equity futures transactions, the Company purchases or sells a specified number of contracts, the values of which are determined by the daily market values of underlying referenced equity indices. The Company enters into exchange-traded futures with regulated futures commission’s merchants who are members of a trading exchange. Foreign Exchange Contracts Currency derivatives, including currency futures, options, forwards and swaps, and foreign currency denominated debts are used by the Company to reduce risks from changes in currency exchange rates with respect to investments denominated in foreign currencies that the Company either holds or intends to acquire or sell, and to hedge the currency risk associated with net investments in foreign operations and anticipated earnings of its foreign operations. Under currency forwards, the Company agrees with counterparties to deliver a specified amount of an identified currency at a specified future date. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at the specified future date. As noted above, the Company uses currency forwards to mitigate the impact of changes in currency exchange rates on U.S. dollar-equivalent earnings generated by certain of its non-U.S. businesses, primarily its international insurance and investment operations. The Company executes forward sales of the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these currency forwards correspond with the future periods in which the non-U.S. dollar-denominated earnings are expected to be generated. Under currency swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between one currency and another at an exchange rate and calculated by reference to an agreed principal amount. Generally, the principal amount of each currency is exchanged at the beginning and termination of the currency swap by each party. Under foreign currency denominated debts, the Company uses a portion of its foreign currency denominated debt (same functional currency of its foreign subsidiaries) to hedge the risk of change in the net investment in a foreign subsidiary due to changes in exchange rates. These debt obligations reduce the Company’s foreign currency exposure from equity investment and act as hedge of the investment. Credit Contracts The Company writes credit default swaps to gain exposure similar to investment in public fixed maturity cash instruments. With these derivatives the Company sells credit protection on a single name reference, or certain index reference, and in return receives a quarterly premium. This premium or credit spread generally corresponds to the difference between the yield on the referenced name (or an index’s referenced names) public fixed maturity cash instruments and swap rates, at the time the agreement is executed. If there is an event of default by the referenced name or one of the referenced names in the index, as defined by the agreement, then the Company is obligated to pay the referenced amount of the contract to the counterparty and receive in return the referenced defaulted security or similar security (in the case of a credit default index) or pay the referenced amount less the auction recovery rate. See credit derivatives section for further discussion of guarantees. In addition to selling credit protection, the Company purchases credit protection using credit derivatives to hedge specific credit exposures in the Company’s investment portfolio. Other Contracts “To Be Announced” (“TBA”) Forward Contracts. The Company uses TBA forward contracts to gain exposure to the investment risk and return of mortgage-backed securities. TBA transactions can help the Company enhance the return on its investment portfolio, and can provide a more liquid and cost-effective method of achieving these goals than purchasing or selling individual mortgage-backed pools. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at a specified future date. Additionally, pursuant to the Company’s mortgage dollar roll program, TBAs or mortgage-backed securities are transferred to counterparties with a corresponding agreement to repurchase them at a future date. These transactions do not qualify as secured borrowings and are accounted for as derivatives. Loan Commitments. In its mortgage operations, the Company enters into commitments to fund commercial mortgage loans at specified interest rates and other applicable terms within specified periods of time. These commitments are legally binding agreements to extend credit to a counterparty. Loan commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. The determination of the fair value of loan commitments accounted for as derivatives considers various factors including, among others, terms of the related loan, the intended exit strategy for the loans based upon either securitization valuation models or investor purchase commitments, prevailing interest rates, origination income or expense, and the value of service rights. Loan commitments that relate to the origination of mortgage loans that will be held for investment are not accounted for as derivatives and accordingly are not recognized in the Company’s financial statements. See Note 25 for additional information. Embedded Derivatives. The Company offers certain products (for example, indexed universal life) which may include features that are accounted for as embedded derivatives. These embedded derivatives are carried at fair value through “Realized investment gains (losses), net” based on the change in value of the underlying contractual features, which are determined using valuation models. As part of certain funds withheld reinsurance and modified coinsurance arrangements that are described in Note 15, the reinsurance arrangements may contain embedded derivatives, which would also be carried at fair value through “Realized investment gains (losses), net” based on the total return of the underlying asset portfolio. Synthetic Guarantees. 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 $1,601 million and $1,103 million as of December 31, 2024 and 2023, respectively, and total derivative liabilities of $4,751 million and $4,181 million as of December 31, 2024 and 2023, respectively, reflected in the Consolidated Statements of Financial Position. December 31, 2024 December 31, 2023 Primary Underlying Risk / Instrument Type 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 $ 4,260 $ 11 $ (404) $ 3,582 $ 55 $ (252) Interest Rate Forwards 10 0 0 0 0 0 Foreign Currency Foreign Currency Forwards 4,771 92 (197) 4,748 43 (195) Currency/Interest Rate Foreign Currency Swaps 31,301 2,652 (368) 27,933 1,952 (676) Total Derivatives Designated as Hedge $ 40,342 $ 2,755 $ (969) $ 36,263 $ 2,050 $ (1,123) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 228,392 $ 11,272 $ (24,802) $ 224,445 $ 8,604 $ (21,599) Interest Rate Futures 9,773 6 (21) 10,448 7 (26) Interest Rate Options 34,005 430 (1,583) 32,718 292 (1,095) Interest Rate Forwards 2,544 9 (80) 3,678 39 (14) Interest Rate Total Return Swaps 485 4 (2) 0 0 0 Foreign Currency Foreign Currency Forwards 27,819 1,625 (1,181) 27,686 965 (954) Currency/Interest Rate Foreign Currency Swaps 7,525 658 (129) 7,771 502 (164) Credit Credit Default Swaps 4,027 90 0 3,446 64 0 Equity Equity Futures 2,019 6 (7) 672 1 (2) Equity Options 104,438 4,507 (3,790) 51,792 1,688 (1,662) Equity Total Return Swaps 9,796 331 (327) 9,237 48 (514) Other Other(1) 1,250 0 0 1,250 0 0 Synthetic GICs 76,416 1 (1) 78,009 1 (1) Total Derivatives Not Qualifying as Hedge $ 508,489 $ 18,939 $ (31,923) $ 451,152 $ 12,211 $ (26,031) Total Derivatives(2)(3) $ 548,831 $ 21,694 $ (32,892) $ 487,415 $ 14,261 $ (27,154) __________ (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 $11,783 million (including the Prismic funds withheld-related embedded derivative net liability of $(91) million) and $8,096 million (including the Prismic funds withheld-related embedded derivative net liability of $508 million) as of December 31, 2024, and 2023, respectively, primarily included in “Policyholders’ account balances” and “Reinsurance and funds withheld payables.” (3) Recorded in “Other invested assets” and “Other liabilities” on the Consolidated Statements of Financial Position. As of December 31, 2024, the following amounts were recorded on the 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: December 31, 2024 December 31, 2023 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 $ 216 $ 11 $ 224 $ 19 Policyholders’ account balances $ (1,510) $ 327 $ (810) $ 219 Future policy benefits $ (2,280) $ 423 $ (2,441) $ 298 __________ (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 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 Consolidated Statements of Financial Position: December 31, 2024 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 21,574 $ (20,093) $ 1,481 $ (696) $ 785 Securities purchased under agreement to resell 277 0 277 (277) 0 Total Assets $ 21,851 $ (20,093) $ 1,758 $ (973) $ 785 Offsetting of Financial Liabilities: Derivatives $ 32,891 $ (28,141) $ 4,750 $ (4,403) $ 347 Securities sold under agreement to repurchase 6,796 0 6,796 (6,796) 0 Total Liabilities $ 39,687 $ (28,141) $ 11,546 $ (11,199) $ 347 December 31, 2023 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 14,169 $ (13,158) $ 1,011 $ (240) $ 771 Securities purchased under agreement to resell 388 0 388 (363) 25 Total Assets $ 14,557 $ (13,158) $ 1,399 $ (603) $ 796 Offsetting of Financial Liabilities: Derivatives $ 27,154 $ (22,973) $ 4,181 $ (3,775) $ 406 Securities sold under agreement to repurchase 6,056 0 6,056 (5,811) 245 Total Liabilities $ 33,210 $ (22,973) $ 10,237 $ (9,586) $ 651 __________ (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. 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. Year Ended December 31, 2024 Realized Investment Gains (Losses) 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 $ 8 $ 0 $ 0 $ 0 $ 0 $ (119) $ (125) $ 0 Currency 0 0 0 0 0 0 (31) 0 Total gains (losses) on derivatives designated as hedge instruments 8 0 0 0 0 (119) (156) 0 Gains (losses) on the hedged item: Interest Rate (8) 0 12 0 0 109 95 0 Currency 0 0 0 0 0 0 31 0 Total gains (losses) on hedged item (8) 0 12 0 0 109 126 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (10) (4) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 0 (10) (4) Total gains (losses) on fair value hedges net of hedged item 0 0 12 0 0 (10) (40) (4) Cash flow hedges Interest Rate (15) 0 (16) 0 0 0 0 2 Currency 0 0 0 0 0 0 0 52 Currency/Interest Rate 78 0 328 207 0 0 0 857 Total gains (losses) on cash flow hedges 63 0 312 207 0 0 0 911 Net investment hedges Currency 0 0 0 0 0 0 0 27 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 27 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,554) (2,313) 0 0 0 0 0 0 Currency 263 0 0 0 0 0 0 0 Currency/Interest Rate 292 0 0 2 0 0 0 0 Credit 109 0 0 0 0 0 0 0 Equity 3,257 (852) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (2) (1,752) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 615 (3,165) 0 2 0 0 0 0 Total $ 678 $ (3,165) $ 324 $ 209 $ 0 $ (10) $ (40) $ 934 Year Ended December 31, 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 $ 2 $ 0 $ 0 $ 0 $ 0 $ (31) $ (39) $ 0 Currency (1) 0 (1) 0 0 0 104 0 Total gains (losses) on derivatives designated as hedge instruments 1 0 (1) 0 0 (31) 65 0 Gains (losses) on the hedged item: Interest Rate (2) 0 13 0 0 2 10 0 Currency 1 0 1 0 0 0 (102) 0 Total gains (losses) on hedged item (1) 0 14 0 0 2 (92) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (8) (6) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 0 (8) (6) Total gains (losses) on fair value hedges net of hedged item 0 0 13 0 0 (29) (35) (6) Cash flow hedges Interest Rate (21) 0 (16) 0 0 0 0 23 Currency 8 0 0 0 0 0 0 (122) Currency/Interest Rate 74 0 315 (189) 0 0 0 (1,648) Total gains (losses) on cash flow hedges 61 0 299 (189) 0 0 0 (1,747) Net investment hedges Currency 0 0 0 0 0 0 0 12 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 12 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (285) (1,657) 0 0 0 0 0 0 Currency (567) 0 0 3 0 0 0 0 Currency/Interest Rate (211) 0 0 (3) 0 0 0 0 Credit 164 0 0 0 0 0 0 0 Equity 1,751 (929) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (2) (3,133) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (2,281) (2,586) 0 0 0 0 0 0 Total $ (2,220) $ (2,586) $ 312 $ (189) $ 0 $ (29) $ (35) $ (1,741) Year Ended December 31, 2022 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 $ 39 $ 0 $ (5) $ 0 $ 0 $ (375) $ (438) $ 0 Currency (28) 0 (2) 0 0 0 (224) 0 Total gains (losses) on derivatives designated as hedge instruments 11 0 (7) 0 0 (375) (662) 0 Gains (losses) on the hedged item: Interest Rate (39) 0 14 0 0 387 448 0 Currency 31 0 9 0 0 0 225 0 Total gains (losses) on hedged item (8) 0 23 0 0 387 673 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (4) (19) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 0 (4) (19) Total gains (losses) on fair value hedges net of hedged item 3 0 16 0 0 12 7 (19) Cash flow hedges Interest Rate (4) 0 (3) 0 0 0 0 (217) Currency 15 0 0 0 0 0 0 191 Currency/Interest Rate 121 0 299 477 0 0 0 1,623 Total gains (losses) on cash flow hedges 132 0 296 477 0 0 0 1,597 Net investment hedges Currency 0 0 0 0 0 0 0 2 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 2 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (3,410) (6,483) 0 0 0 0 0 0 Currency (400) 0 0 (3) 0 0 0 0 Currency/Interest Rate 854 0 0 6 0 0 0 0 Credit 5 0 0 0 0 0 0 0 Equity 6 1,403 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 0 Embedded Derivatives (2) (26) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (2,969) (5,080) 0 3 0 0 0 0 Total $ (2,834) $ (5,080) $ 312 $ 480 $ 0 $ 12 $ 7 $ 1,580 __________ (1) Excludes changes related to net investment hedges using non-derivative instruments of $78 million, $28 million, and $134 million for the years ended December 31, 2024, 2023, and 2022, respectively. (2) Includes the Prismic funds withheld-related embedded derivative realized gain (loss) of $598 million and $(508) million for the years ended December 31, 2024 and 2023, respectively. Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2021 $ 1,019 Amount recorded in AOCI Interest Rate (224) Currency 206 Currency/Interest Rate 2,520 Total amount recorded in AOCI 2,502 Amount reclassified from AOCI to income Interest Rate 7 Currency (15) Currency/Interest Rate (897) Total amount reclassified from AOCI to income (905) Balance, December 31, 2022 $ 2,616 Amount recorded in AOCI Interest Rate (15) Currency (108) Currency/Interest Rate (1,448) Total amount recorded in AOCI (1,571) Amount reclassified from AOCI to income Interest Rate 38 Currency (14) Currency/Interest Rate (200) Total amount reclassified from AOCI to income (176) Balance, December 31, 2023 $ 869 Amount recorded in AOCI Interest Rate (28) Currency 55 Currency/Interest Rate 1,469 Total amount recorded in AOCI 1,496 Amount reclassified from AOCI to income Interest Rate 30 Currency (3) Currency/Interest Rate (612) Total amount reclassified from AOCI to income (585) Balance, December 31, 2024 $ 1,780 The changes in fair value of cash flow hedges are deferred in AOCI and are included in “Net unrealized investment gains (losses)” in the Consolidated Statements of Comprehensive Income; these amounts are then reclassified to earnings when the hedged item affects earnings. Using December 31, 2024 values, it is estimated that a pre-tax gain of approximately $405 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending December 31, 2025. 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 27 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 $104 million for the year ended December 31, 2024, $39 million for the year ended December 31, 2023, and $134 million for the year ended December 31, 2022. 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 10 years for index reference. December 31, 2024 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6(2) 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(3) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(3) 0 0 0 0 3,365 40 0 0 0 0 662 50 4,027 90 Total $ 0 $ 0 $ 0 $ 0 $ 3,365 $ 40 $ 0 $ 0 $ 0 $ 0 $ 662 $ 50 $ 4,027 $ 90 December 31, 2023 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6(2) 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(3) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(3) 0 0 0 0 2,723 19 0 0 89 5 634 40 3,446 64 Total $ 0 $ 0 $ 0 $ 0 $ 2,723 $ 19 $ 0 $ 0 $ 89 $ 5 $ 634 $ 40 $ 3,446 $ 64 __________ (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) The NAIC rating designation is due to approximately 4% and 3% of the index reference name rated as NAIC 6 as of December 31, 2024, and 2023, respectively. (3) Single name credit default swaps may make reference to the credit of corporate debt, sovereign debt, and structured finance. Index reference NAIC designations are based on the lowest rated single name reference included in the index. The Company has no exposure on purchased credit protection as of December 31, 2024, and 2023. 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-counter (“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.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2024
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. The Company’s Level 1 assets and liabilities primarily include certain cash equivalents and short-term investments, equity securities and derivative contracts that trade on an active exchange market. 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 prices in active markets for similar assets and liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, and other market observable inputs. The Company’s Level 2 assets and liabilities include: fixed maturities (corporate public and private bonds, most government securities, certain asset-backed and mortgage-backed securities, etc.), certain equity securities (mutual funds, which do not trade in active markets because they are not publicly available), certain commercial mortgage loans, short-term investments, certain cash equivalents (primarily commercial paper), and certain OTC derivatives. 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. The Company’s Level 3 assets and liabilities primarily include: certain private fixed maturities and equity securities, certain manually priced public equity securities and fixed maturities, certain highly structured OTC derivative contracts, certain consolidated real estate funds for which the Company is the general partner, contracts or contract features pertaining to living benefit features (market risk benefits) of the Company’s variable annuity contracts and embedded derivatives associated with the index-linked features of certain universal life and annuity products. 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: December 31, 2024 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 $ 20,348 $ 0 $ $ 20,348 Obligations of U.S. states and their political subdivisions 0 6,098 6 6,104 Foreign government securities 0 57,472 7 57,479 U.S. corporate public securities 0 98,442 66 98,508 U.S. corporate private securities(2) 0 39,848 3,941 43,789 Foreign corporate public securities 0 21,946 36 21,982 Foreign corporate private securities 0 32,675 1,788 34,463 Asset-backed securities(3) 0 15,654 1,480 17,134 Commercial mortgage-backed securities 0 8,420 853 9,273 Residential mortgage-backed securities 0 2,490 0 2,490 Subtotal 0 303,393 8,177 311,570 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 220 0 220 Foreign government securities 0 539 0 539 Corporate securities 0 67 0 67 Equity securities 1,522 1,359 0 2,881 Subtotal 1,522 2,185 0 3,707 Market risk benefit assets 0 0 2,331 2,331 Fixed maturities, trading 0 10,544 1,986 12,530 Equity securities 7,154 1,745 518 9,417 Commercial mortgage and other loans 0 469 233 702 Other invested assets(5) 10 21,683 953 (20,093) 2,553 Short-term investments 1,896 6,238 461 8,595 Cash equivalents 326 10,365 0 10,691 Reinsurance recoverables and deposit receivables 0 236 613 849 Other assets 0 0 0 0 Separate account assets(6)(7) 8,441 157,999 232 166,672 Total assets $ 19,349 $ 514,857 $ 15,504 $ (20,093) $ 529,617 Market risk benefit liabilities $ 0 $ 0 $ 4,455 $ $ 4,455 Policyholders’ account balances 0 0 12,746 12,746 Reinsurance and funds withheld payables 0 (118) 0 (118) Other liabilities 28 32,863 1 (28,141) 4,751 Notes issued by consolidated VIEs 0 0 60 60 Total liabilities $ 28 $ 32,745 $ 17,262 $ (28,141) $ 21,894 December 31, 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 $ 21,796 $ 0 $ $ 21,796 Obligations of U.S. states and their political subdivisions 0 8,451 7 8,458 Foreign government securities 0 70,182 8 70,190 U.S. corporate public securities 0 98,097 75 98,172 U.S. corporate private securities(2) 0 38,199 2,821 41,020 Foreign corporate public securities 0 19,576 67 19,643 Foreign corporate private securities 0 30,447 1,843 32,290 Asset-backed securities(3) 0 12,236 359 12,595 Commercial mortgage-backed securities 0 8,954 938 9,892 Residential mortgage-backed securities 0 2,265 0 2,265 Subtotal 0 310,203 6,118 316,321 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 206 0 206 Foreign government securities 0 604 0 604 Corporate securities 0 79 0 79 Equity securities 1,004 1,275 0 2,279 Subtotal 1,004 2,164 0 3,168 Market risk benefit assets 0 0 1,981 1,981 Fixed maturities, trading 0 9,361 429 9,790 Equity securities(4) 5,953 1,538 512 8,003 Commercial mortgage and other loans 0 519 0 519 Other invested assets(5) 27 14,234 846 (13,158) 1,949 Short-term investments 125 3,746 29 3,900 Cash equivalents 2,240 8,058 4 10,302 Reinsurance recoverables and deposit receivables 0 (75) 224 149 Other assets 0 0 11 11 Separate account assets(6)(7) 8,925 161,793 1,094 171,812 Total assets $ 18,274 $ 511,541 $ 11,248 $ (13,158) $ 527,905 Market risk benefit liabilities $ 0 $ 0 $ 5,467 $ $ 5,467 Policyholders’ account balances 0 0 7,752 7,752 Reinsurance and funds withheld payables 0 490 0 490 Other liabilities 35 27,112 1 (22,973) 4,175 Notes issued by consolidated VIEs 0 0 778 778 Total liabilities $ 35 $ 27,602 $ 13,998 $ (22,973) $ 18,662 __________ (1) “Netting” amounts represent cash collateral of $(8,049) million and $(9,815) million as of December 31, 2024 and 2023, respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting agreements. (2) Excludes notes with fair value of $14,748 million (carrying amount of $14,748 million) and $12,370 million (carrying amount of $12,370 million) as of December 31, 2024 and 2023, respectively, which have been offset with the associated debt under a netting agreement. (3) Includes credit-tranched securities collateralized by loan obligations, home equity loans, auto loans, education loans and other asset types. (4) Equity securities excluded from the fair value hierarchy include a fund for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of this investment was $239 million. (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 NAV per share (or its equivalent) as a practical expedient. As of December 31, 2024 and 2023, the fair value of such investments was $5,021 million and $4,125 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 December 31, 2024 and 2023, the fair value of such investments was $26,700 million and $27,076 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 Consolidated Statements of Financial Position. The methods and assumptions the Company uses to estimate the fair value of assets and liabilities measured at fair value on a recurring basis are summarized below. Fixed Maturity Securities —The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Prices for each security are generally sourced from multiple pricing vendors, and a vendor hierarchy is maintained by asset type based on historical pricing experience and vendor expertise. The Company ultimately uses the price from the pricing service highest in the vendor hierarchy based on the respective asset type. The pricing hierarchy is updated for new financial products and recent pricing experience with various vendors. Consistent with the fair value hierarchy described above, securities with validated quotes from pricing services are generally reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Typical inputs used by these pricing services include but are not limited to, reported trades, benchmark yields, issuer spreads, bids, offers, and/or estimated cash flow, prepayment speeds and default rates. If the pricing information received from third-party pricing services is deemed not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process with the pricing service or classify the securities as Level 3. If the pricing service updates the price to be more consistent with the presented market observations, the security remains within Level 2. Internally-developed valuations or indicative broker quotes are also used to determine fair value in circumstances where vendor pricing is not available, or where the Company ultimately concludes that pricing information received from the independent pricing services is not reflective of market activity. If the Company concludes the values from both pricing services and brokers are not reflective of market activity, it may override the information with an internally-developed valuation. As of December 31, 2024 and 2023, overrides on a net basis were not material. Pricing service overrides, internally-developed valuations and indicative broker quotes are generally included in Level 3 in the fair value hierarchy. The Company conducts several specific price monitoring activities. Daily analyses identify price changes over predetermined thresholds defined at the financial instrument level. Various pricing integrity reports are reviewed on a daily and monthly basis to determine if pricing is reflective of market activity or if it would warrant any adjustments. Other procedures performed include, but are not limited to, reviews of third-party pricing services methodologies, reviews of pricing trends and back testing. The fair values of private fixed maturities, which are originated by internal private asset managers, are primarily determined using discounted cash flow models. These models primarily use observable inputs that include Treasury or similar base rates plus estimated credit spreads to value each security. The credit spreads are obtained through a survey of private market intermediaries who are active in both primary and secondary transactions, and consider, among other factors, the credit quality and the reduced liquidity associated with private placements. Internal adjustments are made to reflect variation in observed sector spreads. Since most private placements are valued using standard market observable inputs and inputs derived from, or corroborated by, market observable data including, but not limited to observed prices and spreads for similar publicly-traded issues, they have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model may incorporate significant unobservable inputs, which reflect the Company’s own assumptions about the inputs that market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the price of a security, a Level 3 classification is made. Assets Supporting Experience-Rated Contractholder Liabilities —Assets supporting experience-rated contractholder liabilities consist primarily of fixed maturity securities, equity securities and derivatives whose fair values are determined consistent with similar instruments described above under “Fixed Maturity Securities” and below under “Equity Securities” and “Derivative Instruments.” Equity Securities —Equity securities consist principally of investments in common and preferred stock of publicly-traded companies, perpetual preferred stock, privately-traded securities, as well as mutual fund shares. The fair values of most publicly-traded equity securities are based on quoted prices in active markets for identical assets and are classified within Level 1 in the fair value hierarchy. Estimated fair values for most privately traded equity securities are determined using discounted cash flow, earnings multiple and other valuation models that require a substantial level of judgment around inputs and therefore are classified within Level 3. The fair values of mutual fund shares that transact regularly (but do not trade in active markets because they are not publicly available) are based on transaction prices of identical fund shares and are classified within Level 2 in the fair value hierarchy. The fair values of perpetual preferred stock are based on inputs obtained from independent pricing services that are primarily based on indicative broker quotes. As a result, the fair values of perpetual preferred stock are classified as Level 3. Commercial Mortgage and Other Loans —The fair value of loans held and accounted for using the fair value option is determined utilizing pricing indicators from the whole loan market, where investors are committed to purchase these loans at a predetermined price, which is considered the principal exit market for these loans. The Company evaluates the valuation inputs used for these assets, including the existence of predetermined exit prices, the terms of the loans, prevailing interest rates and credit risk, and deems the primary pricing inputs are Level 2 inputs in the fair value hierarchy. Other Invested Assets —Other invested assets primarily include investments in LPs/LLCs, derivatives and certain limited partnerships which are consolidated because the Company is either deemed to exercise control or considered the primary beneficiary of a variable interest entity. These entities are primarily investment companies and follow specialized industry accounting whereby their assets are carried at fair value. The investments held by these entities include various feeder fund investments in underlying master funds (whose underlying holdings generally include public fixed maturities, equity securities and mutual funds), as well as wholly-owned real estate held within other investment funds. For the unconsolidated fund investments, the fair value is primarily determined by the fund managers and is measured at NAV as a practical expedient. Reinsurance Recoverables and Deposit Receivables —Reinsurance recoverables and deposit receivables primarily include (1) an embedded derivative on deposit receivables where the Company has ceded fixed indexed annuities; and (2) embedded derivatives associated with receivables from modified coinsurance arrangements where the Company is the reinsurer, and net receivables from modified coinsurance arrangements where the Company is the cedant, and generally reflect the fair value of the invested assets retained by the cedant. Other Assets —Other assets reflected in Level 3 includes the fair value of strategic investments held and accounted for using the fair value option. Derivative Instruments —Derivatives are recorded at fair value either as assets, within “Other invested assets” or as liabilities, within “Other liabilities,” except for embedded derivatives which are recorded with the associated host contract. The fair values of derivative contracts can be affected by changes in interest rates, foreign exchange rates, commodity prices, credit spreads, market volatility, expected returns, NPR, liquidity and other factors. For derivative positions included within Level 3 of the fair value hierarchy, liquidity valuation adjustments are made to reflect the cost of exiting significant risk positions, and consider the bid-ask spread, maturity, complexity and other specific attributes of the underlying derivative position. The Company’s exchange-traded futures and options include Treasury futures, Eurodollar futures, commodity futures, Eurodollar options and commodity options. Exchange-traded futures and options are valued using quoted prices in active markets and are classified within Level 1 in the fair value hierarchy. The majority of the Company’s derivative positions are traded in the OTC derivative market and are classified within Level 2 in the fair value hierarchy. OTC derivatives classified within Level 2 are valued using models that utilize actively quoted or observable market inputs from external market data providers, third-party pricing vendors and/or recent trading activity. The Company’s policy is to use mid-market pricing in determining its best estimate of fair value. The fair values of most OTC derivatives, including interest rate and cross-currency swaps, currency forward contracts, commodity forward contracts, credit default swaps, loan commitments held for sale and TBA forward contracts on highly rated mortgage-backed securities issued by U.S. government sponsored entities are determined using discounted cash flow models. The fair values of European style option contracts are determined using Black-Scholes option pricing models. These models’ key inputs include the contractual terms of the respective contract, along with significant observable inputs, including interest rates, currency rates, credit spreads, equity prices, index dividend yields, NPR, volatility and other factors. The Company’s cleared interest rate swaps and credit derivatives linked to an index are valued using models that utilize actively quoted or observable market inputs, including SOFR , obtained from external market data providers, third-party pricing vendors and/or recent trading activity. These derivatives are classified as Level 2 in the fair value hierarchy. The majority of the Company’s derivative agreements are with highly rated major international financial institutions. To reflect the market’s perception of its own and the counterparty’s NPR, the Company incorporates additional spreads over SOFR into the discount rate used in determining the fair value of OTC derivative liabilities after netting of collateral. Rates used to discount expected cash flows to value OTC derivative assets reflect the terms of the Credit Support Annex (“CSA”). Derivatives classified as Level 3 include look-back equity options and other structured products. These derivatives are valued based upon models, such as Monte Carlo simulation models and other techniques that utilize significant unobservable inputs. Level 3 methodologies are validated through periodic comparison of the Company’s fair values to external broker-dealer values. Cash Equivalents and Short-Term Investments —Cash equivalents and short-term investments include money market instruments, commercial paper and other highly liquid debt instruments. Certain money market instruments are valued using unadjusted quoted prices in active markets that are accessible for identical assets and are primarily classified as Level 1. The remaining instruments in this category are generally fair valued based on market observable inputs and these investments have primarily been classified within Level 2. Separate Account Assets —Separate account assets include mutual funds, fixed maturity securities, treasuries, equity securities, real estate and commercial mortgage loans for which values are determined consistent with similar instruments described above under “Fixed Maturity Securities,” “Equity Securities” and “Commercial Mortgage and Other Loans.” Market Risk Benefits —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 GMDB, GMIB, GMAB, GMWB and 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 contract holders less the present value of expected future rider fees attributable to the market risk benefits. 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. Actuarial assumptions, including contractholder behavior and mortality, are reviewed at least annually, and updated based upon company emerging experience and industry studies, future expectations and other data, including any observable market data. These assumptions are generally updated annually unless a material change that the Company feels is indicative of a long-term trend is observed in an interim period. Policyholders’ Account Balances —The liability for policyholders’ account balances is related to certain embedded derivative instruments associated with certain universal life and annuity products that provide policyholders with index-linked interest credited over contract specified term periods. The fair values of these liabilities are determined using discounted cash flow models which include capital market assumptions such as interest rates and equity index volatility assumptions, the Company’s market-perceived NPR and actuarially determined assumptions for mortality, lapses and projected hedge costs. As there is no observable active market for these liabilities, the fair value is determined as the present value of account balances paid to policyholders in excess of contractually guaranteed minimums using option pricing techniques for index term periods that contain deposits as of the valuation date, and the expected option cost for future index term periods, where the terms of index crediting rates have not yet been declared by the Company. Premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows are also incorporated in the fair value of these liabilities. Since the valuation of these liabilities require the use of management’s judgement to determine these risk premiums and the use of unobservable inputs, these liabilities are reflected within Level 3 in the fair value hierarchy. Capital market inputs, including interest rates and equity markets volatility, and actual policyholders’ account values are updated each quarter. Actuarial assumptions are reviewed at least annually and updated based upon emerging experience, future expectations and other data, including any observable market data. Aside from these annual updates, assumptions are generally updated only if a material change is observed in an interim period that the Company believes is indicative of a long-term trend. Reinsurance and Funds Withheld Payables —Reinsurance and funds withheld payables primarily includes an embedded derivative associated with certain funds withheld reinsurance arrangements that are described in Note 15 which represents a total return swap associated with the assets supporting the liability to the reinsurer. The fair value is determined based on the valuation of the underlying funds withheld assets identified to support the payable due to the applicable reinsurance counterparties. Other Liabilities —Other liabilities include certain derivative instruments. The fair values of derivative instruments are primarily determined consistent with those described above under “Derivative Instruments.” Notes issued by Consolidated VIEs —These notes are based on the fair values of corresponding bank loan collateral. Since the notes are valued based on reference collateral, they are classified as Level 3. See Note 4 and “Fair Value Option” below for additional information. 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: December 31, 2024 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 6,763 Discounted Discount rate 0.95% 20.00% 10.36% Decrease Market comparables EBITDA multiples(4) 3.0X 8.8X 7.6X Increase Liquidation Liquidation value 75.00% 75.00% 75.00% Increase Asset backed securities $ 529 Discounted Discount rate 2.30% 10.70% 6.08% Decrease Commercial mortgage-backed securities $ 853 Discounted Liquidity premium 1.00% 1.00% 1.00% Decrease Market risk benefit assets(6) $ 2,331 Discounted cash flow Lapse rate(8) 1% 20% Increase Spread over SOFR(9) 0.29% 1.71% Increase Utilization rate(10) 37% 94% Decrease Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 16% Increase Equity volatility curve 16% 25% Decrease Equity securities $ 209 Discounted Discount rate(5) 0.16% 40% Decrease Market comparables EBITDA multiples(4) 5.5X 12.2X 6.0X Increase Net Asset Value Share price $3 $1,810 $779 Increase Reinsurance recoverables and deposit receivables $ 613 Discounted cash flow Lapse rate(8) 1% 50% Increase Spread over SOFR(9) 0.29% 1.71% Increase Option Budget(13) 0% 6% Decrease Liabilities: Market risk benefit liabilities(6) $ 4,455 Discounted Lapse rate(8) 1% 20% Decrease Spread over SOFR(9) 0.29% 1.71% Decrease Utilization rate(10) 37% 94% Increase Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 16% Decrease Equity volatility curve 16% 25% Increase Policyholders’ account balances(7) $ 12,741 Discounted Lapse rate(8) 0% 80% Decrease Spread over SOFR(9) 0.29% 1.73% Decrease Mortality rate(12) 0% 23% Decrease Option Budget(13) (1)% 7% Increase December 31, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 1,311 Discounted Discount rate 0.57% 20.00% 8.65% Decrease Market comparables EBITDA multiples(4) 5.5X 8.8X 7.4X Increase Liquidation Liquidation value 3.55% 68.00% 57.63% Increase Commercial mortgage-backed securities $ 938 Discounted Liquidity premium 0.60% 0.75% 0.70% Decrease Market risk benefit assets(6) $ 1,981 Discounted cash flow Lapse rate(8) 1% 20% Increase Spread over SOFR(9) 0.41% 1.82% Increase Utilization rate(10) 38% 95% Decrease Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 15% Increase Equity volatility curve 15% 25% Decrease Equity securities $ 246 Discounted cash flow Discount rate(5) 0.16% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 10.0X 6.3X Increase Net Asset Value Share price $3 $1,714 $733 Increase Liabilities: Market risk benefit liabilities(6) $ 5,467 Discounted cash flow Lapse rate(8) 1% 20% Decrease Spread over SOFR(9) 0.41% 1.82% Decrease Utilization rate(10) 38% 95% Increase Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 15% Decrease Equity volatility curve 15% 25% Increase Policyholders’ account balances(7) $ 7,752 Discounted cash flow Lapse rate(8) 1% 80% Decrease Spread over SOFR(9) 0.41% 1.85% Decrease Mortality rate(12) 0% 23% Decrease Option Budget(13) (1)% 7% 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 debt 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) Market risk benefits primarily represent fair value for all living benefit guarantees including accumulation, 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. (7) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credite

Separate Accounts

Separate Accounts	12 Months Ended
	Dec. 31, 2024
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 13 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 benefit liabilities” (or “assets,” if applicable). 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 “Change in value of market risk benefits, net of related hedging gains (losses).” Separate Account Assets The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: December 31, December 31, (in millions) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,674 $ 4,411 Obligations of U.S. states and their political subdivisions 2,224 2,116 Foreign government bonds 93 101 U.S. corporate securities 11,440 12,782 Foreign corporate securities 3,010 3,288 Asset-backed securities 1,283 1,211 Mortgage-backed securities 14,144 14,253 Mutual funds: Equity 90,180 88,397 Fixed Income 33,828 37,065 Other 5,439 5,587 Equity securities 4,845 5,410 Commercial mortgage and other loans 54 67 Other invested assets 19,352 20,739 Short-term investments 1,137 1,202 Cash and cash equivalents 1,669 2,259 Total $ 193,372 $ 198,888 For the periods ended December 31, 2024, 2023 and 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: Year Ended December 31, 2024 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 32,648 $ 11,011 $ 94,130 $ 25,021 $ 39,223 $ 202,033 Deposits 15,374 143 606 734 3,728 20,585 Investment performance (45) 146 8,722 1,013 7,032 16,868 Policy charges (69) (11) (2,231) (317) (1,168) (3,796) Surrenders and withdrawals (14,766) (1,050) (14,070) (370) (986) (31,242) Benefit payments (3,550) (541) (87) (303) (449) (4,930) Net transfers (to) from general account (184) (76) (102) 6 (577) (933) Other (763) (314) 6 (658) 88 (1,641) Balance, EOP $ 28,645 $ 9,308 $ 86,974 $ 25,126 $ 46,891 $ 196,944 Other businesses(1) (3,572) Total separate account liabilities $ 193,372 Cash surrender value(2) $ 28,645 $ 9,308 $ 86,081 $ 25,028 $ 43,333 $ 192,395 __________ (1) Primarily represents activity from the Company’s Divested and Run-off Businesses as well as 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. Year Ended December 31, 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 6,848 259 446 103 2,972 10,628 Investment performance (1,045) 830 12,598 1,828 6,742 20,953 Policy charges (81) (12) (2,316) (337) (1,075) (3,821) Surrenders and withdrawals (8,109) (660) (9,891) (52) (765) (19,477) Benefit payments (3,477) (562) (95) (290) (342) (4,766) Net transfers (to) from general account (501) (74) (17) 44 (1,344) (1,892) Other (1,043) (198) 10 212 105 (914) Balance, EOP $ 32,648 $ 11,011 $ 94,130 $ 25,021 $ 39,223 202,033 Other businesses(1) (3,145) Total separate account liabilities $ 198,888 Cash surrender value(2) $ 32,648 $ 11,011 $ 92,927 $ 24,911 $ 35,921 $ 197,418 __________ (1) Primarily represents activity from the Company’s Divested and Run-off Businesses as well as 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. Year Ended December 31, 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 8,092 744 700 104 2,527 12,167 Investment performance 645 (2,256) (23,956) (3,984) (6,934) (36,485) Policy charges (68) (15) (2,682) (332) (1,014) (4,111) Surrenders and withdrawals (6,561) (3,177) (9,422) (34) (712) (19,906) Benefit payments (3,319) (553) (95) (251) (421) (4,639) Net transfers (to) from general account (634) 2,674 (282) 41 (394) 1,405 Other(1) (119) (53) (29,414) 872 89 (28,625) Balance, EOP $ 40,056 $ 11,428 $ 93,395 $ 23,513 $ 32,930 201,322 Other businesses(2) (3,643) Total separate account liabilities $ 197,679 Cash surrender value(3) $ 40,056 $ 11,428 $ 91,831 $ 23,391 $ 30,049 $ 196,755 __________ (1) Primarily represents the sale of PALAC in Individual Retirement Strategies. (2) Primarily represents activity from the Company’s Divested and Run-off Businesses as well as 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.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired	12 Months Ended
	Dec. 31, 2024
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: Year Ended December 31, 2024 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 3,676 $ 2,237 $ 5,364 $ 4,909 $ 4,442 $ 20,628 Capitalization 423 186 734 564 575 2,482 Amortization expense (386) (208) (241) (340) (330) (1,505) Other adjustments(1) 0 0 (979) (43) 3 (1,019) Foreign currency adjustment 0 0 0 (336) (140) (476) Balance, EOP $ 3,713 $ 2,215 $ 4,878 $ 4,754 $ 4,550 20,110 Other businesses 338 Total DAC balance $ 20,448 __________ (1) Includes the impacts of the reinsurance transactions with Wilton Re and Somerset Re in Individual Life (Universal Life). See Note 15 for additional information. Year Ended December 31, 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 261 160 608 586 610 2,225 Amortization expense (366) (212) (244) (326) (315) (1,463) Other adjustments(1) (390) 1 0 20 0 (369) Foreign currency adjustment 0 0 0 (81) (84) (165) Balance, EOP $ 3,676 $ 2,237 $ 5,364 $ 4,909 $ 4,442 20,628 Other businesses 228 Total DAC balance $ 20,856 __________ (1) Includes the impact of the reinsurance transaction with AuguStar in Individual Retirement Strategies. See Note 15 for additional information. Year Ended December 31, 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 277 127 556 579 600 2,139 Amortization expense (401) (211) (235) (318) (300) (1,465) Other adjustments(1) (577) 0 0 22 0 (555) Foreign currency adjustment 0 0 0 (258) (204) (462) Balance, EOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 20,400 Other businesses 146 Total DAC balance $ 20,546 __________ (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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, BOP $ 410 $ 446 $ 799 Capitalization 1 2 1 Amortization expense (35) (38) (46) Other adjustments(1) 0 0 (308) Balance, EOP 376 410 446 Other businesses 30 33 34 Total DSI balance $ 406 $ 443 $ 480 __________ (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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, BOP $ 511 $ 597 $ 746 Amortization expense (42) (49) (58) Foreign currency adjustment (48) (37) (91) Balance, EOP 421 511 597 Other businesses(1) 14 19 24 Total VOBA balance $ 435 $ 530 $ 621 __________ (1) Represents Aoba Life business. The following table provides estimated future amortization for the periods indicated: 2025 2026 2027 2028 2029 Thereafter Total (in millions) Estimated future VOBA amortization $ 39 $ 36 $ 33 $ 30 $ 27 $ 270 $ 435

Investments In Operating Joint

Investments In Operating Joint Ventures	12 Months Ended
	Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments In Operating Joint Ventures	INVESTMENTS IN JOINT VENTURES AND OTHER OPERATING ENTITIES The Company has made investments in certain joint ventures and other operating entities that are strategic in nature and are made for other than the sole purpose of generating investment income. These investments are primarily accounted for under the e quity method of accounting and are included in “Other assets” in the Company’s Consolidated Statements of Financial Position. The earnings from these investments are primarily included on an after-tax basis in “Equity in earnings of joint ventures and other operating entities , net of taxes” in the Company’s Consolidated Statements of Operations. The summarized financial information for the Company’s investments in joint ventures and other operating entities has been included in the summarized combined financial information for all significant equity method investments shown in Note 3. The following table sets forth information related to the Company’s investments in joint ventures and other operating entities as of and for the years ended December 31: 2024 2023(1) 2022 (in millions) Investment in joint ventures and other operating entities $ 782 $ 1,192 $ 1,211 Dividends received from joint ventures and other operating entities $ 95 $ 66 $ 81 After-tax equity in earnings of joint ventures and other operating entities $ 144 $ 49 $ (62) __________ (1) In September of 2023, the Company acquired a 20% equity interest as a limited partner in Prismic. See Note 1 for additional information. For the years ended December 31, 2024, 2023 and 2022, the Company recognized $31 million, $10 million and less than $1 million, respectively, of asset management fee income for services the Company provided to these joint ventures and other operating entities.

Goodwill and Other Intangibles

Goodwill and Other Intangibles	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	GOODWILL AND OTHER INTANGIBLES The changes in the carrying value of goodwill by reportable segment are as follows: PGIM International Corporate and Other Other(1) Total (in millions) Goodwill balance, December 31, 2021: $ 558 $ 130 $ 1,106 $ 10 $ 1,804 Impairments 0 0 (903) 0 (903) Foreign currency translation (9) (15) (1) 0 (25) Goodwill balance, December 31, 2022: 549 115 202 10 876 Acquisitions(2) 373 0 0 0 373 Impairments 0 0 (177) 0 (177) Divestitures(3) 0 0 (23) 0 (23) Foreign currency translation 30 (7) (1) 0 22 Goodwill balance, December 31, 2023: 952 108 1 10 1,071 Foreign currency translation and other(2) (6) (12) 0 0 (18) Goodwill balance, December 31, 2024: $ 946 $ 96 $ 1 $ 10 $ 1,053 __________ (1) Other includes goodwill balances assigned to Individual Retirement Strategies, Individual Life, and Group Insurance. (2) During 2023, PGIM acquired a majority stake in Deerpath Capital Management, LP, a leading U.S.-based private credit and direct lending manager. The goodwill associated with that acquisition includes a measurement period adjustment made during 2024. (3) Includes a sale of a foreign operation classified as a divested business within Corporate and Other. The Company tests goodwill for impairment annually, as of December 31, and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount, as discussed in further detail in Note 2. The Company performed the annual goodwill impairment test using the quantitative approach for all reporting units at December 31, 2024. The estimated fair value of PGIM and Gibraltar and Other, within the International Businesses segment, incorporated a market approach based on earnings multiple and significantly exceeded their carrying value, resulting in no goodwill impairment as of December 31, 2024. The Company recorded pre-tax impairment charges of $177 million and $903 million in 2023 and 2022, respectively, both related to AIQ, within Corporate and Other operations, resulting in no remaining goodwill assigned to AIQ as of December 31, 2023 and 2024. Other Intangibles Other intangible balances at December 31, are as follows: 2024 2023 Gross Carrying Amount Accumulated Net Carrying Amount Gross Carrying Amount Accumulated Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 897 $ (630) $ 267 $ 884 $ (600) $ 284 Customer relationships 260 (173) 87 268 (158) 110 Software and other 41 (30) 11 189 (135) 54 Not subject to amortization 41 N/A 41 58 N/A 58 Total $ 406 $ 506 The fair values of net mortgage servicing rights were $269 million and $286 million at December 31, 2024 and 2023, respectively. Amortization expense for other intangibles was $80 million, $89 million and $104 million for the years ending December 31, 2024, 2023 and 2022, respectively. The amortization expense amounts for 2024, 2023 and 2022 do not include impairments recorded for mortgage servicing rights or other intangibles. See the nonrecurring fair value measurements section of Note 6 for additional information regarding these impairments. The following table provides estimated future amortization for the periods indicated: 2025 2026 2027 2028 2029 (in millions) Estimated future amortization expense of other intangibles $ 63 $ 59 $ 53 $ 48 $ 34

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Operating Leases, Lessee	LEASES The Company occupies leased office space and other facilities in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. The leases, depending on their specific terms, are classified as either operating or finance with the vast majority of leases falling under the operating classification. The leases in the Company’s portfolio have remaining lease terms from less than one year to 24 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 12 years. An analysis of all economic and non-economic factors associated with leases containing certain options, including factors such as the existence of cancellation penalties, leasehold improvements made to the underlying assets and location of the underlying assets, is conducted to determine whether those leases are reasonably certain to renew, and hence, should be included in the lease term that is used to establish the right-of-use assets and lease liabilities for those arrangements. The Company does not have residual guarantees associated with its lessee arrangements, nor are there any restrictions or covenants associated with its lease arrangements. Lessee Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. December 31, 2024 2023 ($ in millions) Operating Leases: Right-of-use assets $ 373 $ 286 Lease liabilities $ 408 $ 311 Weighted average remaining lease term 9 years 5 years Weighted average discount rate 2.58 % 2.82 % Maturities of operating lease liabilities are as follows: December 31, 2024 (in millions) 2025 $ 95 2026 73 2027 54 2028 42 2029 35 Thereafter 204 Total lease payments 503 Less imputed interest (95) Total $ 408 Lease expense is included in “General and administrative expenses,” which consisted of operating lease and short-term costs. Operating lease costs were $123 million, $121 million, and $133 million for the years ended December 31, 2024, 2023, and 2022, respectively. Short-term lease costs were $68 million, $74 million, and $80 million for the years ended December 31, 2024, 2023, and 2022, respectively. Short-term lease costs relate to those leases with terms of twelve months or less that do not include an option to purchase the underlying asset that is reasonably certain of exercise. Lessor
Operating Leases, Lessor	LEASES The Company occupies leased office space and other facilities in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. The leases, depending on their specific terms, are classified as either operating or finance with the vast majority of leases falling under the operating classification. The leases in the Company’s portfolio have remaining lease terms from less than one year to 24 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 12 years. An analysis of all economic and non-economic factors associated with leases containing certain options, including factors such as the existence of cancellation penalties, leasehold improvements made to the underlying assets and location of the underlying assets, is conducted to determine whether those leases are reasonably certain to renew, and hence, should be included in the lease term that is used to establish the right-of-use assets and lease liabilities for those arrangements. The Company does not have residual guarantees associated with its lessee arrangements, nor are there any restrictions or covenants associated with its lease arrangements. Lessee Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. December 31, 2024 2023 ($ in millions) Operating Leases: Right-of-use assets $ 373 $ 286 Lease liabilities $ 408 $ 311 Weighted average remaining lease term 9 years 5 years Weighted average discount rate 2.58 % 2.82 % Maturities of operating lease liabilities are as follows: December 31, 2024 (in millions) 2025 $ 95 2026 73 2027 54 2028 42 2029 35 Thereafter 204 Total lease payments 503 Less imputed interest (95) Total $ 408 Lease expense is included in “General and administrative expenses,” which consisted of operating lease and short-term costs. Operating lease costs were $123 million, $121 million, and $133 million for the years ended December 31, 2024, 2023, and 2022, respectively. Short-term lease costs were $68 million, $74 million, and $80 million for the years ended December 31, 2024, 2023, and 2022, respectively. Short-term lease costs relate to those leases with terms of twelve months or less that do not include an option to purchase the underlying asset that is reasonably certain of exercise. Lessor

Liability for Future Policy Ben

Liability for Future Policy Benefits	12 Months Ended
	Dec. 31, 2024
Insurance [Abstract]
Liability 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 2024, the Company recognized a favorable impact to net income attributable to its annual reviews and update of assumptions and other refinements. The impact was favorable for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort, primarily due to updates to mortality assumptions in Institutional Retirement Strategies and Long-Term Care, partially offset by unfavorable updates to policyholder behavior assumptions on certain life policies in International Businesses. Additionally, there was an unfavorable impact for direct and assumed AIR, primarily due to updates to policyholder behavior assumptions on universal life polices with secondary guarantees in Individual Life. In 2023, the Company recognized an unfavorable impact to net income attributable to its annual reviews and update of assumptions and other refinements. The impact was unfavorable for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort, primarily due to updates to policyholder behavior and claim assumptions in Long-Term Care. Additionally, there was an unfavorable impact for direct and assumed AIR, primarily due to unfavorable model refinements, partially offset by updates to economic assumptions, including expected future rates of returns on universal life policies with secondary guarantees in Individual Life. In 2022, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and DPL, 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 AIR, 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. Year Ended December 31, 2024 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 $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 $ 141,398 Effect of cumulative changes in discount rate assumptions, BOP 11,869 228 596 622 16 13,331 Balance at original discount rate, BOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of assumption update 41 21 (328) (535) (276) (1,077) Effect of actual variances from expected experience and other activity 568 (228) (1,286) (874) 122 (1,698) Adjusted balance, BOP 83,885 11,295 28,046 25,580 3,148 151,954 Issuances 24,498 857 2,241 1,113 0 28,709 Net premiums / considerations collected (22,206) (1,379) (3,671) (3,298) (311) (30,865) Interest accrual 2,896 530 835 692 149 5,102 Foreign currency adjustment (2,002) 0 (1,934) (1,275) 0 (5,211) Other adjustments 0 (1) 121 0 0 120 Balance at original discount rate, EOP 87,071 11,302 25,638 22,812 2,986 149,809 Effect of cumulative changes in discount rate assumptions, EOP (14,545) (578) (1,397) (1,202) (132) (17,854) Balance, EOP $ 72,526 $ 10,724 $ 24,241 $ 21,610 $ 2,854 131,955 Other businesses, EOP 93 Total balance, EOP $ 132,048 Year Ended December 31, 2024 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 $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 $ 331,984 Effect of cumulative changes in discount rate assumptions, BOP 14,751 334 563 7,355 603 23,606 Balance at original discount rate, BOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of assumption update (481) 21 (106) (407) (394) (1,367) Effect of actual variances from expected experience and other activity 716 (252) (1,333) (851) 99 (1,621) Adjusted balance, BOP 156,121 19,955 78,946 85,133 12,447 352,602 Issuances 24,498 857 2,241 1,113 0 28,709 Interest accrual 6,290 945 2,551 2,166 606 12,558 Benefit payments (13,131) (1,615) (4,370) (4,793) (327) (24,236) Foreign currency adjustment (2,017) 0 (5,251) (4,702) 0 (11,970) Other adjustments (95) (12) 290 (5) 0 178 Balance at original discount rate, EOP 171,666 20,130 74,407 78,912 12,726 357,841 Effect of cumulative changes in discount rate assumptions, EOP (20,182) (1,134) (6,272) (11,562) (1,548) (40,698) Balance, EOP $ 151,484 $ 18,996 $ 68,135 $ 67,350 $ 11,178 317,143 Other businesses, EOP 1,646 Total balance, EOP $ 318,789 Year Ended December 31, 2024 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 $ 78,958 $ 8,272 $ 43,894 $ 45,740 $ 8,324 $ 185,188 Flooring impact, EOP 68 0 24 13 0 105 Balance, EOP, post-flooring 79,026 8,272 43,918 45,753 8,324 185,293 Less: Reinsurance recoverable 5,057 654 89 260 0 6,060 Balance after reinsurance recoverable, EOP, post-flooring $ 73,969 $ 7,618 $ 43,829 $ 45,493 $ 8,324 179,233 Other businesses, EOP(1) 1,493 Total balance after reinsurance recoverable, EOP $ 180,726 Year Ended December 31, 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 540 (223) (1,092) (845) 161 (1,459) Adjusted balance, BOP 66,392 11,630 31,029 29,257 3,462 141,770 Issuances 20,914 750 2,292 1,583 0 25,539 Net premiums / considerations collected (10,389) (1,413) (3,917) (3,720) (317) (19,756) Interest accrual 2,233 538 889 780 157 4,597 Foreign currency adjustment 4,126 0 (756) (907) 0 2,463 Other adjustments 0 (3) 123 (4) 0 116 Balance at original discount rate, EOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of cumulative changes in discount rate assumptions, EOP (11,869) (228) (596) (622) (16) (13,331) Balance, EOP $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 141,398 Other businesses, EOP 86 Total balance, EOP $ 141,484 Year Ended December 31, 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 514 (269) (1,030) (806) 160 (1,431) Adjusted balance, BOP 137,149 20,030 81,473 90,835 12,418 341,905 Issuances 20,914 750 2,292 1,583 0 25,539 Interest accrual 5,109 944 2,615 2,287 594 11,549 Benefit payments (11,477) (1,522) (3,965) (5,057) (270) (22,291) Foreign currency adjustment 4,209 0 (2,286) (3,229) 0 (1,306) Other adjustments (18) (16) 256 (28) 0 194 Balance at original discount rate, EOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of cumulative changes in discount rate assumptions, EOP (14,751) (334) (563) (7,355) (603) (23,606) Balance, EOP $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 331,984 Other businesses, EOP 1,716 Total balance, EOP $ 333,700 Year Ended December 31, 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 $ 69,728 $ 8,578 $ 50,757 $ 52,669 $ 8,852 $ 190,584 Flooring impact, EOP 61 0 19 6 0 86 Balance, EOP, post-flooring 69,789 8,578 50,776 52,675 8,852 190,670 Less: Reinsurance recoverable 5,539 744 102 202 0 6,587 Balance after reinsurance recoverable, EOP, post-flooring $ 64,250 $ 7,834 $ 50,674 $ 52,473 $ 8,852 184,083 Other businesses, EOP(1) 1,563 Total balance after reinsurance recoverable, EOP $ 185,646 Year Ended December 31, 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 371 (139) (1,621) (989) 184 (2,194) Adjusted balance, BOP 64,997 12,253 34,304 33,411 3,174 148,139 Issuances 22,064 476 3,031 2,370 0 27,941 Net premiums / considerations collected (14,765) (1,404) (4,149) (4,218) (284) (24,820) Interest accrual 1,640 542 935 859 145 4,121 Foreign currency adjustment (6,967) 0 (2,220) (2,145) 0 (11,332) Other adjustments 0 (13) 142 0 0 129 Balance at original discount rate, EOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of cumulative changes in discount rate assumptions, EOP (14,349) (572) (1,354) (1,326) (103) (17,704) Balance, EOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 126,474 Other businesses, EOP 88 Total balance, EOP $ 126,562 Year Ended December 31, 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 273 (218) (1,730) (892) 208 (2,359) Adjusted balance, BOP 128,973 20,451 86,163 100,314 11,585 347,486 Issuances 22,064 476 3,031 2,370 0 27,941 Interest accrual 4,231 937 2,641 2,399 554 10,762 Benefit payments (9,629) (1,547) (3,725) (5,975) (238) (21,114) Foreign currency adjustment (7,180) 0 (6,043) (7,489) 0 (20,712) Other adjustments (535) (17) 291 (22) 0 (283) Balance at original discount rate, EOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of cumulative changes in discount rate assumptions, EOP (20,170) (1,012) (3,719) (11,266) (1,216) (37,383) Balance, EOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 306,697 Other businesses, EOP 1,921 Total balance, EOP $ 308,618 Year Ended December 31, 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 $ 65,134 $ 8,006 $ 47,950 $ 51,380 $ 7,753 $ 180,223 Flooring impact, EOP 1 0 106 140 0 247 Balance, EOP, post-flooring 65,135 8,006 48,056 51,520 7,753 180,470 Less: Reinsurance recoverable 0 708 126 203 0 1,037 Balance after reinsurance recoverable, EOP, post-flooring $ 65,135 $ 7,298 $ 47,930 $ 51,317 $ 7,753 179,433 Other businesses, EOP(1) 1,758 Total balance after reinsurance recoverable, EOP $ 181,191 __________ (1) Reflects balance after reinsurance recoverable of $60 million, $69 million, and $76 million at December 31, 2024, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Year Ended December 31, 2024 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 145,442 $ 22,947 $ 59,857 $ 47,987 $ 6,817 Discounted expected future gross premiums (at original discount rate) $ 94,222 $ 15,662 $ 46,238 $ 38,477 $ 4,542 Discounted expected future gross premiums (at current discount rate) $ 78,237 $ 14,901 $ 44,062 $ 36,554 $ 4,350 Undiscounted expected future benefits and expenses $ 274,071 $ 31,068 $ 126,508 $ 127,500 $ 29,661 Weighted-average duration of the liability in years (at original discount rate) 8 10 18 17 17 Weighted-average duration of the liability in years (at current discount rate) 8 9 16 15 16 Weighted-average interest rate (at original discount rate) 4.74 % 5.30 % 3.48 % 2.65 % 4.91 % Weighted-average interest rate (at current discount rate) 5.59 % 5.78 % 3.76 % 3.65 % 5.85 % Year Ended December 31, 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 $ 134,192 $ 23,083 $ 69,238 $ 56,398 $ 6,852 Discounted expected future gross premiums (at original discount rate) $ 90,606 $ 15,322 $ 53,640 $ 45,319 $ 4,509 Discounted expected future gross premiums (at current discount rate) $ 77,520 $ 15,044 $ 53,102 $ 44,420 $ 4,491 Undiscounted expected future benefits and expenses $ 242,617 $ 31,114 $ 139,620 $ 141,171 $ 30,761 Weighted-average duration of the liability in years (at original discount rate) 9 10 19 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 17 17 Weighted-average interest rate (at original discount rate) 4.62 % 5.17 % 3.43 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.03 % 4.99 % 3.06 % 2.97 % 5.25 % Year Ended December 31, 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 $ 103,284 $ 23,526 $ 74,196 $ 64,059 $ 6,971 Discounted expected future gross premiums (at original discount rate) $ 72,479 $ 15,628 $ 57,985 $ 50,968 $ 4,539 Discounted expected future gross premiums (at current discount rate) $ 56,950 $ 14,886 $ 56,068 $ 48,902 $ 4,391 Undiscounted expected future benefits and expenses $ 209,770 $ 31,412 $ 148,331 $ 155,711 $ 29,613 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 18 18 Weighted-average interest rate (at original discount rate) 4.37 % 5.21 % 3.40 % 2.50 % 4.91 % Weighted-average interest rate (at current discount rate) 5.39 % 5.39 % 3.12 % 2.98 % 5.63 % 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. In 2024, 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. In 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. In 2022, there was a $190 million charge to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, partially offset by a $80 million gain reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in 2022 was primarily due to unfavorable assumption updates related to the term life business in Individual Life. Deferred Profit Liability The balances of and changes in DPL as of and for the period indicated are as follows: Year Ended December 31, 2024 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,615 $ 3,956 $ 5,303 $ 14,874 Flooring impact, BOP 0 1 1 2 Balance, BOP, pre-flooring 5,615 3,955 5,302 14,872 Effect of assumption update 370 (150) (138) 82 Effect of actual variances from expected experience and other activity (99) (20) (39) (158) Adjusted balance, BOP 5,886 3,785 5,125 14,796 Profits deferred 142 1,530 1,149 2,821 Interest accrual 236 164 156 556 Amortization (588) (1,129) (980) (2,697) Foreign currency adjustment (6) (268) (212) (486) Other adjustments 0 32 0 32 Balance, EOP, pre-flooring 5,670 4,114 5,238 15,022 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,670 4,115 5,239 15,024 Less: Reinsurance recoverable 391 9 31 431 Balance after reinsurance recoverable $ 5,279 $ 4,106 $ 5,208 14,593 Other businesses 161 Total balance after reinsurance recoverable $ 14,754 Year Ended December 31, 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 21 (14) (61) (54) Adjusted balance, BOP 5,588 3,298 4,971 13,857 Profits deferred 342 1,674 1,331 3,347 Interest accrual 227 148 152 527 Amortization (565) (1,158) (1,015) (2,738) Foreign currency adjustment 15 (39) (137) (161) Other adjustments 8 32 0 40 Balance, EOP, pre-flooring 5,615 3,955 5,302 14,872 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,615 3,956 5,303 14,874 Less: Reinsurance recoverable 386 9 10 405 Balance after reinsurance recoverable $ 5,229 $ 3,947 $ 5,293 14,469 Other businesses 148 Total balance after reinsurance recoverable $ 14,617 Year Ended December 31, 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 102 (1) (110) (9) Adjusted balance, BOP 5,667 2,768 4,898 13,333 Profits deferred 230 1,725 1,555 3,510 Interest accrual 214 123 143 480 Amortization (548) (1,131) (1,036) (2,715) Foreign currency adjustment (30) (131) (300) (461) Other adjustments (1) 25 0 24 Balance, EOP, pre-flooring 5,532 3,379 5,260 14,171 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,532 3,379 5,261 14,172 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,532 $ 3,371 $ 5,251 14,154 Other businesses 183 Total balance after reinsurance recoverable $ 14,337 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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 14,308 $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 843 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 15,151 13,969 10,799 Effect of assumption update 153 23 2,200 Effect of actual variances from expected experience and other activity 266 32 (221) Adjusted balance, BOP 15,570 14,024 12,778 Assessments collected(1) 1,251 938 973 Interest accrual 539 488 435 Benefits paid (353) (301) (217) Other adjustments 1 2 0 Balance, excluding amounts in AOCI, EOP, pre-flooring 17,008 15,151 13,969 Flooring impact and amounts in AOCI (632) (843) (1,285) Balance, including amounts in AOCI, EOP, post-flooring 16,376 14,308 12,684 Less: Reinsurance recoverable 9,543 5,852 5,075 Balance after reinsurance recoverable, including amounts in AOCI, EOP 6,833 8,456 7,609 Other businesses 63 131 138 Total balance after reinsurance recoverable $ 6,896 $ 8,587 $ 7,747 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Year Ended December 31, 2024 2023 2022 Weighted-average duration of the liability in years (at original discount rate) 21 22 23 Weighted-average interest rate (at original discount rate) 3.36 % 3.40 % 3.38 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, DPL, and AIR 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: Year Ended December 31, 2024 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 186,846 $ 192,302 $ 182,304 Deferred profit liability, EOP, post-flooring 15,185 15,022 14,356 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 16,439 14,439 12,822 Subtotal of amounts disclosed above 218,470 221,763 209,482 Other Future Policy Benefits reserves(1) 50,442 51,518 52,291 Total Future Policy Benefits $ 268,912 $ 273,281 $ 261,773 __________ (1) Primarily 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, DPL, and AIR 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: Year Ended December 31, 2024 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 $ 22,814 $ 1,892 $ 0 $ 5,616 $ 5,445 $ 557 $ 36,324 Deferred profit liability (61) 0 0 (428) (148) (12) (649) Additional insurance reserves 0 0 3,458 0 0 0 3,458 Total $ 22,753 $ 1,892 $ 3,458 $ 5,188 $ 5,297 $ 545 $ 39,133 Year Ended December 31, 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 $ 11,156 $ 1,848 $ 0 $ 6,199 $ 6,154 $ 540 $ 25,897 Deferred profit liability (68) 0 0 (615) (179) 34 (828) Additional insurance reserves 0 0 2,947 0 0 0 2,947 Total $ 11,088 $ 1,848 $ 2,947 $ 5,584 $ 5,975 $ 574 $ 28,016 Year Ended December 31, 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 $ 15,427 $ 1,875 $ 0 $ 6,731 $ 6,987 $ 522 $ 31,542 Deferred profit liability (378) 0 0 (773) (547) 42 (1,656) Additional insurance reserves 0 0 2,678 1 0 0 2,679 Total $ 15,049 $ 1,875 $ 2,678 $ 5,959 $ 6,440 $ 564 $ 32,565 Year Ended December 31, 2024 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 $ 3,394 $ 415 $ 0 $ 1,717 $ 1,474 $ 505 $ 7,505 Deferred profit liability 236 0 0 164 156 4 560 Additional insurance reserves 0 0 539 1 0 0 540 Total $ 3,630 $ 415 $ 539 $ 1,882 $ 1,630 $ 509 $ 8,605 Year Ended December 31, 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 $ 2,876 $ 406 $ 0 $ 1,726 $ 1,507 $ 490 $ 7,005 Deferred profit liability 227 0 0 148 152 4 531 Additional insurance reserves 0 0 488 2 0 0 490 Total $ 3,103 $ 406 $ 488 $ 1,876 $ 1,659 $ 494 $ 8,026 Year Ended December 31, 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 $ 2,591 $ 395 $ 0 $ 1,706 $ 1,540 $ 464 $ 6,696 Deferred profit liability 214 0 0 123 143 6 486 Additional insurance reserves 0 0 435 3 0 0 438 Total $ 2,805 $ 395 $ 435 $ 1,832 $ 1,683 $ 470 $ 7,620 __________ (1) Represents “Gross premiums” for benefit reserves, “Revenue” for DPL and “Gross assessments” for AIR. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. POLICYHOLDERS’ ACCOUNT BALANCES The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Year Ended December 31, 2024 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 $ 132,729 Deposits 7,106 8,318 5,266 1,313 2,505 1,974 6,888 33,370 Interest credited 757 511 252 148 774 867 943 4,252 Dispositions 0 0 0 0 0 (336) 0 (336) Policy charges (11) (33) (5) (322) (2,051) (330) (240) (2,992) Surrenders and withdrawals (5,895) (919) (719) (1,452) (1,654) (817) (1,556) (13,012) Benefit payments (607) (85) (79) 0 (137) (264) (2,084) (3,256) Net transfers (to) from separate account 0 122 0 (6) 613 0 0 729 Change in market value and other adjustments(1) 0 2,406 210 0 107 (17) (13) 2,693 Foreign currency adjustment 0 0 0 0 0 (967) (1,177) (2,144) Balance, end of period $ 19,088 $ 34,085 $ 12,020 $ 4,974 $ 27,596 $ 13,059 $ 41,211 152,033 Closed Block Division 4,359 Unearned revenue reserve, unearned expense credit, and additional interest reserve 6,009 Other(2) 3,853 Total Policyholders' account balance $ 166,254 Weighted-average crediting rate 4.11 % 1.77 % 2.64 % 2.88 % 2.81 % 6.67 % 2.37 % 2.99 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 73,259 $ 400,990 $ 20,307 $ 6,128 $ 500,684 Cash surrender value(4) $ 19,058 $ 32,501 $ 10,305 $ 3,892 $ 23,886 $ 12,191 $ 36,837 $ 138,670 Year Ended December 31, 2023 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 5,657 4,638 2,659 1,212 2,447 2,417 6,611 25,641 Interest credited 677 305 129 165 773 709 736 3,494 Dispositions 0 0 0 0 0 0 0 0 Policy charges (23) (24) (9) (323) (2,047) (312) (217) (2,955) Surrenders and withdrawals (5,290) (704) (414) (1,552) (1,820) (218) (1,487) (11,485) Benefit payments (659) (76) (76) 0 (154) (266) (1,919) (3,150) Net transfers (to) from separate account 0 34 0 (48) 1,393 0 0 1,379 Change in market value and other adjustments(1) 0 2,068 163 0 345 31 (9) 2,598 Foreign currency adjustment 0 0 0 0 0 (580) (590) (1,170) Balance, end of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 132,729 Closed Block Division 4,500 Unearned revenue reserve, unearned expense credit, and additional interest reserve 5,326 Other(2) 4,463 Total Policyholders' account balance $ 147,018 Weighted-average crediting rate 3.85 % 1.48 % 2.21 % 2.96 % 2.87 % 5.88 % 1.99 % 2.78 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 72,858 $ 382,399 $ 19,276 $ 6,453 $ 480,986 Cash surrender value(4) $ 17,738 $ 21,640 $ 5,827 $ 4,021 $ 23,234 $ 11,268 $ 33,833 $ 117,561 Year Ended December 31, 2022 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 16,391 $ 14,125 $ 4,652 $ 6,273 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 6,083 4,777 753 1,233 2,551 1,499 3,978 20,874 Interest credited 561 211 87 153 816 38 518 2,384 Dispositions(5) 0 (1,405) (440) 0 0 0 0 (1,845) Policy charges (22) (6) (5) (322) (2,040) (216) (174) (2,785) Surrenders and withdrawals (5,075) (372) (163) (1,457) (1,657) (210) (2,816) (11,750) Benefit payments (562) (92) (176) 0 (197) (253) (1,966) (3,246) Net transfers (to) from separate account 0 246 0 (41) 449 0 0 654 Change in market value and other adjustments(1) 0 40 (65) 0 (279) 28 (10) (286) Foreign currency adjustment 0 0 0 0 0 (1,273) (1,820) (3,093) Balance, end of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 118,377 Closed Block Division 4,607 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,581 Other(2) 8,059 Total Policyholders' account balance $ 135,624 Weighted-average crediting rate 3.33 % 1.34 % 1.88 % 2.53 % 3.06 % 3.41 % 1.42 % 2.32 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 70,574 $ 367,698 $ 17,205 $ 7,138 $ 462,615 Cash surrender value(4) $ 17,376 $ 15,297 $ 3,581 $ 4,147 $ 21,766 $ 9,612 $ 31,270 $ 103,049 __________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) Includes $5,099 million, $5,479 million and $8,133 million of Full Service account balances reinsured to Great-West for December 31, 2024, December 31, 2023 and December 31, 2022, respectively. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) 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. (5) Represents the net impact from the sale of PALAC in Individual Retirement Strategies. Policyholders’ account balances for Institutional Retirement Strategies and Life Planner includes the Company’s Funding Agreement Notes Issuance Program (“FANIP”) at December 31, 2024, 2023 and 2022 are $5,547 million, $5,597 million and $5,064 million, respectively. Under this program, which has a maximum authorized amount of $15 billion of medium-term notes and $6 billion of commercial paper, Delaware statutory trusts

Policyholders' Account Balances

Policyholders' Account Balances	12 Months Ended
	Dec. 31, 2024
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Liability 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 2024, the Company recognized a favorable impact to net income attributable to its annual reviews and update of assumptions and other refinements. The impact was favorable for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort, primarily due to updates to mortality assumptions in Institutional Retirement Strategies and Long-Term Care, partially offset by unfavorable updates to policyholder behavior assumptions on certain life policies in International Businesses. Additionally, there was an unfavorable impact for direct and assumed AIR, primarily due to updates to policyholder behavior assumptions on universal life polices with secondary guarantees in Individual Life. In 2023, the Company recognized an unfavorable impact to net income attributable to its annual reviews and update of assumptions and other refinements. The impact was unfavorable for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort, primarily due to updates to policyholder behavior and claim assumptions in Long-Term Care. Additionally, there was an unfavorable impact for direct and assumed AIR, primarily due to unfavorable model refinements, partially offset by updates to economic assumptions, including expected future rates of returns on universal life policies with secondary guarantees in Individual Life. In 2022, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and DPL, 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 AIR, 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. Year Ended December 31, 2024 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 $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 $ 141,398 Effect of cumulative changes in discount rate assumptions, BOP 11,869 228 596 622 16 13,331 Balance at original discount rate, BOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of assumption update 41 21 (328) (535) (276) (1,077) Effect of actual variances from expected experience and other activity 568 (228) (1,286) (874) 122 (1,698) Adjusted balance, BOP 83,885 11,295 28,046 25,580 3,148 151,954 Issuances 24,498 857 2,241 1,113 0 28,709 Net premiums / considerations collected (22,206) (1,379) (3,671) (3,298) (311) (30,865) Interest accrual 2,896 530 835 692 149 5,102 Foreign currency adjustment (2,002) 0 (1,934) (1,275) 0 (5,211) Other adjustments 0 (1) 121 0 0 120 Balance at original discount rate, EOP 87,071 11,302 25,638 22,812 2,986 149,809 Effect of cumulative changes in discount rate assumptions, EOP (14,545) (578) (1,397) (1,202) (132) (17,854) Balance, EOP $ 72,526 $ 10,724 $ 24,241 $ 21,610 $ 2,854 131,955 Other businesses, EOP 93 Total balance, EOP $ 132,048 Year Ended December 31, 2024 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 $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 $ 331,984 Effect of cumulative changes in discount rate assumptions, BOP 14,751 334 563 7,355 603 23,606 Balance at original discount rate, BOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of assumption update (481) 21 (106) (407) (394) (1,367) Effect of actual variances from expected experience and other activity 716 (252) (1,333) (851) 99 (1,621) Adjusted balance, BOP 156,121 19,955 78,946 85,133 12,447 352,602 Issuances 24,498 857 2,241 1,113 0 28,709 Interest accrual 6,290 945 2,551 2,166 606 12,558 Benefit payments (13,131) (1,615) (4,370) (4,793) (327) (24,236) Foreign currency adjustment (2,017) 0 (5,251) (4,702) 0 (11,970) Other adjustments (95) (12) 290 (5) 0 178 Balance at original discount rate, EOP 171,666 20,130 74,407 78,912 12,726 357,841 Effect of cumulative changes in discount rate assumptions, EOP (20,182) (1,134) (6,272) (11,562) (1,548) (40,698) Balance, EOP $ 151,484 $ 18,996 $ 68,135 $ 67,350 $ 11,178 317,143 Other businesses, EOP 1,646 Total balance, EOP $ 318,789 Year Ended December 31, 2024 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 $ 78,958 $ 8,272 $ 43,894 $ 45,740 $ 8,324 $ 185,188 Flooring impact, EOP 68 0 24 13 0 105 Balance, EOP, post-flooring 79,026 8,272 43,918 45,753 8,324 185,293 Less: Reinsurance recoverable 5,057 654 89 260 0 6,060 Balance after reinsurance recoverable, EOP, post-flooring $ 73,969 $ 7,618 $ 43,829 $ 45,493 $ 8,324 179,233 Other businesses, EOP(1) 1,493 Total balance after reinsurance recoverable, EOP $ 180,726 Year Ended December 31, 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 540 (223) (1,092) (845) 161 (1,459) Adjusted balance, BOP 66,392 11,630 31,029 29,257 3,462 141,770 Issuances 20,914 750 2,292 1,583 0 25,539 Net premiums / considerations collected (10,389) (1,413) (3,917) (3,720) (317) (19,756) Interest accrual 2,233 538 889 780 157 4,597 Foreign currency adjustment 4,126 0 (756) (907) 0 2,463 Other adjustments 0 (3) 123 (4) 0 116 Balance at original discount rate, EOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of cumulative changes in discount rate assumptions, EOP (11,869) (228) (596) (622) (16) (13,331) Balance, EOP $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 141,398 Other businesses, EOP 86 Total balance, EOP $ 141,484 Year Ended December 31, 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 514 (269) (1,030) (806) 160 (1,431) Adjusted balance, BOP 137,149 20,030 81,473 90,835 12,418 341,905 Issuances 20,914 750 2,292 1,583 0 25,539 Interest accrual 5,109 944 2,615 2,287 594 11,549 Benefit payments (11,477) (1,522) (3,965) (5,057) (270) (22,291) Foreign currency adjustment 4,209 0 (2,286) (3,229) 0 (1,306) Other adjustments (18) (16) 256 (28) 0 194 Balance at original discount rate, EOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of cumulative changes in discount rate assumptions, EOP (14,751) (334) (563) (7,355) (603) (23,606) Balance, EOP $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 331,984 Other businesses, EOP 1,716 Total balance, EOP $ 333,700 Year Ended December 31, 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 $ 69,728 $ 8,578 $ 50,757 $ 52,669 $ 8,852 $ 190,584 Flooring impact, EOP 61 0 19 6 0 86 Balance, EOP, post-flooring 69,789 8,578 50,776 52,675 8,852 190,670 Less: Reinsurance recoverable 5,539 744 102 202 0 6,587 Balance after reinsurance recoverable, EOP, post-flooring $ 64,250 $ 7,834 $ 50,674 $ 52,473 $ 8,852 184,083 Other businesses, EOP(1) 1,563 Total balance after reinsurance recoverable, EOP $ 185,646 Year Ended December 31, 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 371 (139) (1,621) (989) 184 (2,194) Adjusted balance, BOP 64,997 12,253 34,304 33,411 3,174 148,139 Issuances 22,064 476 3,031 2,370 0 27,941 Net premiums / considerations collected (14,765) (1,404) (4,149) (4,218) (284) (24,820) Interest accrual 1,640 542 935 859 145 4,121 Foreign currency adjustment (6,967) 0 (2,220) (2,145) 0 (11,332) Other adjustments 0 (13) 142 0 0 129 Balance at original discount rate, EOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of cumulative changes in discount rate assumptions, EOP (14,349) (572) (1,354) (1,326) (103) (17,704) Balance, EOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 126,474 Other businesses, EOP 88 Total balance, EOP $ 126,562 Year Ended December 31, 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 273 (218) (1,730) (892) 208 (2,359) Adjusted balance, BOP 128,973 20,451 86,163 100,314 11,585 347,486 Issuances 22,064 476 3,031 2,370 0 27,941 Interest accrual 4,231 937 2,641 2,399 554 10,762 Benefit payments (9,629) (1,547) (3,725) (5,975) (238) (21,114) Foreign currency adjustment (7,180) 0 (6,043) (7,489) 0 (20,712) Other adjustments (535) (17) 291 (22) 0 (283) Balance at original discount rate, EOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of cumulative changes in discount rate assumptions, EOP (20,170) (1,012) (3,719) (11,266) (1,216) (37,383) Balance, EOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 306,697 Other businesses, EOP 1,921 Total balance, EOP $ 308,618 Year Ended December 31, 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 $ 65,134 $ 8,006 $ 47,950 $ 51,380 $ 7,753 $ 180,223 Flooring impact, EOP 1 0 106 140 0 247 Balance, EOP, post-flooring 65,135 8,006 48,056 51,520 7,753 180,470 Less: Reinsurance recoverable 0 708 126 203 0 1,037 Balance after reinsurance recoverable, EOP, post-flooring $ 65,135 $ 7,298 $ 47,930 $ 51,317 $ 7,753 179,433 Other businesses, EOP(1) 1,758 Total balance after reinsurance recoverable, EOP $ 181,191 __________ (1) Reflects balance after reinsurance recoverable of $60 million, $69 million, and $76 million at December 31, 2024, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Year Ended December 31, 2024 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 145,442 $ 22,947 $ 59,857 $ 47,987 $ 6,817 Discounted expected future gross premiums (at original discount rate) $ 94,222 $ 15,662 $ 46,238 $ 38,477 $ 4,542 Discounted expected future gross premiums (at current discount rate) $ 78,237 $ 14,901 $ 44,062 $ 36,554 $ 4,350 Undiscounted expected future benefits and expenses $ 274,071 $ 31,068 $ 126,508 $ 127,500 $ 29,661 Weighted-average duration of the liability in years (at original discount rate) 8 10 18 17 17 Weighted-average duration of the liability in years (at current discount rate) 8 9 16 15 16 Weighted-average interest rate (at original discount rate) 4.74 % 5.30 % 3.48 % 2.65 % 4.91 % Weighted-average interest rate (at current discount rate) 5.59 % 5.78 % 3.76 % 3.65 % 5.85 % Year Ended December 31, 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 $ 134,192 $ 23,083 $ 69,238 $ 56,398 $ 6,852 Discounted expected future gross premiums (at original discount rate) $ 90,606 $ 15,322 $ 53,640 $ 45,319 $ 4,509 Discounted expected future gross premiums (at current discount rate) $ 77,520 $ 15,044 $ 53,102 $ 44,420 $ 4,491 Undiscounted expected future benefits and expenses $ 242,617 $ 31,114 $ 139,620 $ 141,171 $ 30,761 Weighted-average duration of the liability in years (at original discount rate) 9 10 19 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 17 17 Weighted-average interest rate (at original discount rate) 4.62 % 5.17 % 3.43 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.03 % 4.99 % 3.06 % 2.97 % 5.25 % Year Ended December 31, 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 $ 103,284 $ 23,526 $ 74,196 $ 64,059 $ 6,971 Discounted expected future gross premiums (at original discount rate) $ 72,479 $ 15,628 $ 57,985 $ 50,968 $ 4,539 Discounted expected future gross premiums (at current discount rate) $ 56,950 $ 14,886 $ 56,068 $ 48,902 $ 4,391 Undiscounted expected future benefits and expenses $ 209,770 $ 31,412 $ 148,331 $ 155,711 $ 29,613 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 18 18 Weighted-average interest rate (at original discount rate) 4.37 % 5.21 % 3.40 % 2.50 % 4.91 % Weighted-average interest rate (at current discount rate) 5.39 % 5.39 % 3.12 % 2.98 % 5.63 % 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. In 2024, 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. In 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. In 2022, there was a $190 million charge to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, partially offset by a $80 million gain reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in 2022 was primarily due to unfavorable assumption updates related to the term life business in Individual Life. Deferred Profit Liability The balances of and changes in DPL as of and for the period indicated are as follows: Year Ended December 31, 2024 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,615 $ 3,956 $ 5,303 $ 14,874 Flooring impact, BOP 0 1 1 2 Balance, BOP, pre-flooring 5,615 3,955 5,302 14,872 Effect of assumption update 370 (150) (138) 82 Effect of actual variances from expected experience and other activity (99) (20) (39) (158) Adjusted balance, BOP 5,886 3,785 5,125 14,796 Profits deferred 142 1,530 1,149 2,821 Interest accrual 236 164 156 556 Amortization (588) (1,129) (980) (2,697) Foreign currency adjustment (6) (268) (212) (486) Other adjustments 0 32 0 32 Balance, EOP, pre-flooring 5,670 4,114 5,238 15,022 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,670 4,115 5,239 15,024 Less: Reinsurance recoverable 391 9 31 431 Balance after reinsurance recoverable $ 5,279 $ 4,106 $ 5,208 14,593 Other businesses 161 Total balance after reinsurance recoverable $ 14,754 Year Ended December 31, 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 21 (14) (61) (54) Adjusted balance, BOP 5,588 3,298 4,971 13,857 Profits deferred 342 1,674 1,331 3,347 Interest accrual 227 148 152 527 Amortization (565) (1,158) (1,015) (2,738) Foreign currency adjustment 15 (39) (137) (161) Other adjustments 8 32 0 40 Balance, EOP, pre-flooring 5,615 3,955 5,302 14,872 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,615 3,956 5,303 14,874 Less: Reinsurance recoverable 386 9 10 405 Balance after reinsurance recoverable $ 5,229 $ 3,947 $ 5,293 14,469 Other businesses 148 Total balance after reinsurance recoverable $ 14,617 Year Ended December 31, 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 102 (1) (110) (9) Adjusted balance, BOP 5,667 2,768 4,898 13,333 Profits deferred 230 1,725 1,555 3,510 Interest accrual 214 123 143 480 Amortization (548) (1,131) (1,036) (2,715) Foreign currency adjustment (30) (131) (300) (461) Other adjustments (1) 25 0 24 Balance, EOP, pre-flooring 5,532 3,379 5,260 14,171 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,532 3,379 5,261 14,172 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,532 $ 3,371 $ 5,251 14,154 Other businesses 183 Total balance after reinsurance recoverable $ 14,337 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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 14,308 $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 843 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 15,151 13,969 10,799 Effect of assumption update 153 23 2,200 Effect of actual variances from expected experience and other activity 266 32 (221) Adjusted balance, BOP 15,570 14,024 12,778 Assessments collected(1) 1,251 938 973 Interest accrual 539 488 435 Benefits paid (353) (301) (217) Other adjustments 1 2 0 Balance, excluding amounts in AOCI, EOP, pre-flooring 17,008 15,151 13,969 Flooring impact and amounts in AOCI (632) (843) (1,285) Balance, including amounts in AOCI, EOP, post-flooring 16,376 14,308 12,684 Less: Reinsurance recoverable 9,543 5,852 5,075 Balance after reinsurance recoverable, including amounts in AOCI, EOP 6,833 8,456 7,609 Other businesses 63 131 138 Total balance after reinsurance recoverable $ 6,896 $ 8,587 $ 7,747 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Year Ended December 31, 2024 2023 2022 Weighted-average duration of the liability in years (at original discount rate) 21 22 23 Weighted-average interest rate (at original discount rate) 3.36 % 3.40 % 3.38 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, DPL, and AIR 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: Year Ended December 31, 2024 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 186,846 $ 192,302 $ 182,304 Deferred profit liability, EOP, post-flooring 15,185 15,022 14,356 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 16,439 14,439 12,822 Subtotal of amounts disclosed above 218,470 221,763 209,482 Other Future Policy Benefits reserves(1) 50,442 51,518 52,291 Total Future Policy Benefits $ 268,912 $ 273,281 $ 261,773 __________ (1) Primarily 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, DPL, and AIR 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: Year Ended December 31, 2024 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 $ 22,814 $ 1,892 $ 0 $ 5,616 $ 5,445 $ 557 $ 36,324 Deferred profit liability (61) 0 0 (428) (148) (12) (649) Additional insurance reserves 0 0 3,458 0 0 0 3,458 Total $ 22,753 $ 1,892 $ 3,458 $ 5,188 $ 5,297 $ 545 $ 39,133 Year Ended December 31, 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 $ 11,156 $ 1,848 $ 0 $ 6,199 $ 6,154 $ 540 $ 25,897 Deferred profit liability (68) 0 0 (615) (179) 34 (828) Additional insurance reserves 0 0 2,947 0 0 0 2,947 Total $ 11,088 $ 1,848 $ 2,947 $ 5,584 $ 5,975 $ 574 $ 28,016 Year Ended December 31, 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 $ 15,427 $ 1,875 $ 0 $ 6,731 $ 6,987 $ 522 $ 31,542 Deferred profit liability (378) 0 0 (773) (547) 42 (1,656) Additional insurance reserves 0 0 2,678 1 0 0 2,679 Total $ 15,049 $ 1,875 $ 2,678 $ 5,959 $ 6,440 $ 564 $ 32,565 Year Ended December 31, 2024 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 $ 3,394 $ 415 $ 0 $ 1,717 $ 1,474 $ 505 $ 7,505 Deferred profit liability 236 0 0 164 156 4 560 Additional insurance reserves 0 0 539 1 0 0 540 Total $ 3,630 $ 415 $ 539 $ 1,882 $ 1,630 $ 509 $ 8,605 Year Ended December 31, 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 $ 2,876 $ 406 $ 0 $ 1,726 $ 1,507 $ 490 $ 7,005 Deferred profit liability 227 0 0 148 152 4 531 Additional insurance reserves 0 0 488 2 0 0 490 Total $ 3,103 $ 406 $ 488 $ 1,876 $ 1,659 $ 494 $ 8,026 Year Ended December 31, 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 $ 2,591 $ 395 $ 0 $ 1,706 $ 1,540 $ 464 $ 6,696 Deferred profit liability 214 0 0 123 143 6 486 Additional insurance reserves 0 0 435 3 0 0 438 Total $ 2,805 $ 395 $ 435 $ 1,832 $ 1,683 $ 470 $ 7,620 __________ (1) Represents “Gross premiums” for benefit reserves, “Revenue” for DPL and “Gross assessments” for AIR. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. POLICYHOLDERS’ ACCOUNT BALANCES The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Year Ended December 31, 2024 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 $ 132,729 Deposits 7,106 8,318 5,266 1,313 2,505 1,974 6,888 33,370 Interest credited 757 511 252 148 774 867 943 4,252 Dispositions 0 0 0 0 0 (336) 0 (336) Policy charges (11) (33) (5) (322) (2,051) (330) (240) (2,992) Surrenders and withdrawals (5,895) (919) (719) (1,452) (1,654) (817) (1,556) (13,012) Benefit payments (607) (85) (79) 0 (137) (264) (2,084) (3,256) Net transfers (to) from separate account 0 122 0 (6) 613 0 0 729 Change in market value and other adjustments(1) 0 2,406 210 0 107 (17) (13) 2,693 Foreign currency adjustment 0 0 0 0 0 (967) (1,177) (2,144) Balance, end of period $ 19,088 $ 34,085 $ 12,020 $ 4,974 $ 27,596 $ 13,059 $ 41,211 152,033 Closed Block Division 4,359 Unearned revenue reserve, unearned expense credit, and additional interest reserve 6,009 Other(2) 3,853 Total Policyholders' account balance $ 166,254 Weighted-average crediting rate 4.11 % 1.77 % 2.64 % 2.88 % 2.81 % 6.67 % 2.37 % 2.99 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 73,259 $ 400,990 $ 20,307 $ 6,128 $ 500,684 Cash surrender value(4) $ 19,058 $ 32,501 $ 10,305 $ 3,892 $ 23,886 $ 12,191 $ 36,837 $ 138,670 Year Ended December 31, 2023 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 5,657 4,638 2,659 1,212 2,447 2,417 6,611 25,641 Interest credited 677 305 129 165 773 709 736 3,494 Dispositions 0 0 0 0 0 0 0 0 Policy charges (23) (24) (9) (323) (2,047) (312) (217) (2,955) Surrenders and withdrawals (5,290) (704) (414) (1,552) (1,820) (218) (1,487) (11,485) Benefit payments (659) (76) (76) 0 (154) (266) (1,919) (3,150) Net transfers (to) from separate account 0 34 0 (48) 1,393 0 0 1,379 Change in market value and other adjustments(1) 0 2,068 163 0 345 31 (9) 2,598 Foreign currency adjustment 0 0 0 0 0 (580) (590) (1,170) Balance, end of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 132,729 Closed Block Division 4,500 Unearned revenue reserve, unearned expense credit, and additional interest reserve 5,326 Other(2) 4,463 Total Policyholders' account balance $ 147,018 Weighted-average crediting rate 3.85 % 1.48 % 2.21 % 2.96 % 2.87 % 5.88 % 1.99 % 2.78 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 72,858 $ 382,399 $ 19,276 $ 6,453 $ 480,986 Cash surrender value(4) $ 17,738 $ 21,640 $ 5,827 $ 4,021 $ 23,234 $ 11,268 $ 33,833 $ 117,561 Year Ended December 31, 2022 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 16,391 $ 14,125 $ 4,652 $ 6,273 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 6,083 4,777 753 1,233 2,551 1,499 3,978 20,874 Interest credited 561 211 87 153 816 38 518 2,384 Dispositions(5) 0 (1,405) (440) 0 0 0 0 (1,845) Policy charges (22) (6) (5) (322) (2,040) (216) (174) (2,785) Surrenders and withdrawals (5,075) (372) (163) (1,457) (1,657) (210) (2,816) (11,750) Benefit payments (562) (92) (176) 0 (197) (253) (1,966) (3,246) Net transfers (to) from separate account 0 246 0 (41) 449 0 0 654 Change in market value and other adjustments(1) 0 40 (65) 0 (279) 28 (10) (286) Foreign currency adjustment 0 0 0 0 0 (1,273) (1,820) (3,093) Balance, end of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 118,377 Closed Block Division 4,607 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,581 Other(2) 8,059 Total Policyholders' account balance $ 135,624 Weighted-average crediting rate 3.33 % 1.34 % 1.88 % 2.53 % 3.06 % 3.41 % 1.42 % 2.32 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 70,574 $ 367,698 $ 17,205 $ 7,138 $ 462,615 Cash surrender value(4) $ 17,376 $ 15,297 $ 3,581 $ 4,147 $ 21,766 $ 9,612 $ 31,270 $ 103,049 __________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) Includes $5,099 million, $5,479 million and $8,133 million of Full Service account balances reinsured to Great-West for December 31, 2024, December 31, 2023 and December 31, 2022, respectively. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) 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. (5) Represents the net impact from the sale of PALAC in Individual Retirement Strategies. Policyholders’ account balances for Institutional Retirement Strategies and Life Planner includes the Company’s Funding Agreement Notes Issuance Program (“FANIP”) at December 31, 2024, 2023 and 2022 are $5,547 million, $5,597 million and $5,064 million, respectively. Under this program, which has a maximum authorized amount of $15 billion of medium-term notes and $6 billion of commercial paper, Delaware statutory trusts

Market Risk Benefits

Market Risk Benefits	12 Months Ended
	Dec. 31, 2024
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 2024, the Company recognized a favorable impact to net income attributable to its annual reviews and update of assumptions and other refinements. The impact was favorable for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort, primarily due to updates to mortality assumptions in Institutional Retirement Strategies and Long-Term Care, partially offset by unfavorable updates to policyholder behavior assumptions on certain life policies in International Businesses. Additionally, there was an unfavorable impact for direct and assumed AIR, primarily due to updates to policyholder behavior assumptions on universal life polices with secondary guarantees in Individual Life. In 2023, the Company recognized an unfavorable impact to net income attributable to its annual reviews and update of assumptions and other refinements. The impact was unfavorable for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort, primarily due to updates to policyholder behavior and claim assumptions in Long-Term Care. Additionally, there was an unfavorable impact for direct and assumed AIR, primarily due to unfavorable model refinements, partially offset by updates to economic assumptions, including expected future rates of returns on universal life policies with secondary guarantees in Individual Life. In 2022, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and DPL, 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 AIR, 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. Year Ended December 31, 2024 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 $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 $ 141,398 Effect of cumulative changes in discount rate assumptions, BOP 11,869 228 596 622 16 13,331 Balance at original discount rate, BOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of assumption update 41 21 (328) (535) (276) (1,077) Effect of actual variances from expected experience and other activity 568 (228) (1,286) (874) 122 (1,698) Adjusted balance, BOP 83,885 11,295 28,046 25,580 3,148 151,954 Issuances 24,498 857 2,241 1,113 0 28,709 Net premiums / considerations collected (22,206) (1,379) (3,671) (3,298) (311) (30,865) Interest accrual 2,896 530 835 692 149 5,102 Foreign currency adjustment (2,002) 0 (1,934) (1,275) 0 (5,211) Other adjustments 0 (1) 121 0 0 120 Balance at original discount rate, EOP 87,071 11,302 25,638 22,812 2,986 149,809 Effect of cumulative changes in discount rate assumptions, EOP (14,545) (578) (1,397) (1,202) (132) (17,854) Balance, EOP $ 72,526 $ 10,724 $ 24,241 $ 21,610 $ 2,854 131,955 Other businesses, EOP 93 Total balance, EOP $ 132,048 Year Ended December 31, 2024 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 $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 $ 331,984 Effect of cumulative changes in discount rate assumptions, BOP 14,751 334 563 7,355 603 23,606 Balance at original discount rate, BOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of assumption update (481) 21 (106) (407) (394) (1,367) Effect of actual variances from expected experience and other activity 716 (252) (1,333) (851) 99 (1,621) Adjusted balance, BOP 156,121 19,955 78,946 85,133 12,447 352,602 Issuances 24,498 857 2,241 1,113 0 28,709 Interest accrual 6,290 945 2,551 2,166 606 12,558 Benefit payments (13,131) (1,615) (4,370) (4,793) (327) (24,236) Foreign currency adjustment (2,017) 0 (5,251) (4,702) 0 (11,970) Other adjustments (95) (12) 290 (5) 0 178 Balance at original discount rate, EOP 171,666 20,130 74,407 78,912 12,726 357,841 Effect of cumulative changes in discount rate assumptions, EOP (20,182) (1,134) (6,272) (11,562) (1,548) (40,698) Balance, EOP $ 151,484 $ 18,996 $ 68,135 $ 67,350 $ 11,178 317,143 Other businesses, EOP 1,646 Total balance, EOP $ 318,789 Year Ended December 31, 2024 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 $ 78,958 $ 8,272 $ 43,894 $ 45,740 $ 8,324 $ 185,188 Flooring impact, EOP 68 0 24 13 0 105 Balance, EOP, post-flooring 79,026 8,272 43,918 45,753 8,324 185,293 Less: Reinsurance recoverable 5,057 654 89 260 0 6,060 Balance after reinsurance recoverable, EOP, post-flooring $ 73,969 $ 7,618 $ 43,829 $ 45,493 $ 8,324 179,233 Other businesses, EOP(1) 1,493 Total balance after reinsurance recoverable, EOP $ 180,726 Year Ended December 31, 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 540 (223) (1,092) (845) 161 (1,459) Adjusted balance, BOP 66,392 11,630 31,029 29,257 3,462 141,770 Issuances 20,914 750 2,292 1,583 0 25,539 Net premiums / considerations collected (10,389) (1,413) (3,917) (3,720) (317) (19,756) Interest accrual 2,233 538 889 780 157 4,597 Foreign currency adjustment 4,126 0 (756) (907) 0 2,463 Other adjustments 0 (3) 123 (4) 0 116 Balance at original discount rate, EOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of cumulative changes in discount rate assumptions, EOP (11,869) (228) (596) (622) (16) (13,331) Balance, EOP $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 141,398 Other businesses, EOP 86 Total balance, EOP $ 141,484 Year Ended December 31, 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 514 (269) (1,030) (806) 160 (1,431) Adjusted balance, BOP 137,149 20,030 81,473 90,835 12,418 341,905 Issuances 20,914 750 2,292 1,583 0 25,539 Interest accrual 5,109 944 2,615 2,287 594 11,549 Benefit payments (11,477) (1,522) (3,965) (5,057) (270) (22,291) Foreign currency adjustment 4,209 0 (2,286) (3,229) 0 (1,306) Other adjustments (18) (16) 256 (28) 0 194 Balance at original discount rate, EOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of cumulative changes in discount rate assumptions, EOP (14,751) (334) (563) (7,355) (603) (23,606) Balance, EOP $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 331,984 Other businesses, EOP 1,716 Total balance, EOP $ 333,700 Year Ended December 31, 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 $ 69,728 $ 8,578 $ 50,757 $ 52,669 $ 8,852 $ 190,584 Flooring impact, EOP 61 0 19 6 0 86 Balance, EOP, post-flooring 69,789 8,578 50,776 52,675 8,852 190,670 Less: Reinsurance recoverable 5,539 744 102 202 0 6,587 Balance after reinsurance recoverable, EOP, post-flooring $ 64,250 $ 7,834 $ 50,674 $ 52,473 $ 8,852 184,083 Other businesses, EOP(1) 1,563 Total balance after reinsurance recoverable, EOP $ 185,646 Year Ended December 31, 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 371 (139) (1,621) (989) 184 (2,194) Adjusted balance, BOP 64,997 12,253 34,304 33,411 3,174 148,139 Issuances 22,064 476 3,031 2,370 0 27,941 Net premiums / considerations collected (14,765) (1,404) (4,149) (4,218) (284) (24,820) Interest accrual 1,640 542 935 859 145 4,121 Foreign currency adjustment (6,967) 0 (2,220) (2,145) 0 (11,332) Other adjustments 0 (13) 142 0 0 129 Balance at original discount rate, EOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of cumulative changes in discount rate assumptions, EOP (14,349) (572) (1,354) (1,326) (103) (17,704) Balance, EOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 126,474 Other businesses, EOP 88 Total balance, EOP $ 126,562 Year Ended December 31, 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 273 (218) (1,730) (892) 208 (2,359) Adjusted balance, BOP 128,973 20,451 86,163 100,314 11,585 347,486 Issuances 22,064 476 3,031 2,370 0 27,941 Interest accrual 4,231 937 2,641 2,399 554 10,762 Benefit payments (9,629) (1,547) (3,725) (5,975) (238) (21,114) Foreign currency adjustment (7,180) 0 (6,043) (7,489) 0 (20,712) Other adjustments (535) (17) 291 (22) 0 (283) Balance at original discount rate, EOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of cumulative changes in discount rate assumptions, EOP (20,170) (1,012) (3,719) (11,266) (1,216) (37,383) Balance, EOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 306,697 Other businesses, EOP 1,921 Total balance, EOP $ 308,618 Year Ended December 31, 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 $ 65,134 $ 8,006 $ 47,950 $ 51,380 $ 7,753 $ 180,223 Flooring impact, EOP 1 0 106 140 0 247 Balance, EOP, post-flooring 65,135 8,006 48,056 51,520 7,753 180,470 Less: Reinsurance recoverable 0 708 126 203 0 1,037 Balance after reinsurance recoverable, EOP, post-flooring $ 65,135 $ 7,298 $ 47,930 $ 51,317 $ 7,753 179,433 Other businesses, EOP(1) 1,758 Total balance after reinsurance recoverable, EOP $ 181,191 __________ (1) Reflects balance after reinsurance recoverable of $60 million, $69 million, and $76 million at December 31, 2024, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Year Ended December 31, 2024 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 145,442 $ 22,947 $ 59,857 $ 47,987 $ 6,817 Discounted expected future gross premiums (at original discount rate) $ 94,222 $ 15,662 $ 46,238 $ 38,477 $ 4,542 Discounted expected future gross premiums (at current discount rate) $ 78,237 $ 14,901 $ 44,062 $ 36,554 $ 4,350 Undiscounted expected future benefits and expenses $ 274,071 $ 31,068 $ 126,508 $ 127,500 $ 29,661 Weighted-average duration of the liability in years (at original discount rate) 8 10 18 17 17 Weighted-average duration of the liability in years (at current discount rate) 8 9 16 15 16 Weighted-average interest rate (at original discount rate) 4.74 % 5.30 % 3.48 % 2.65 % 4.91 % Weighted-average interest rate (at current discount rate) 5.59 % 5.78 % 3.76 % 3.65 % 5.85 % Year Ended December 31, 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 $ 134,192 $ 23,083 $ 69,238 $ 56,398 $ 6,852 Discounted expected future gross premiums (at original discount rate) $ 90,606 $ 15,322 $ 53,640 $ 45,319 $ 4,509 Discounted expected future gross premiums (at current discount rate) $ 77,520 $ 15,044 $ 53,102 $ 44,420 $ 4,491 Undiscounted expected future benefits and expenses $ 242,617 $ 31,114 $ 139,620 $ 141,171 $ 30,761 Weighted-average duration of the liability in years (at original discount rate) 9 10 19 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 17 17 Weighted-average interest rate (at original discount rate) 4.62 % 5.17 % 3.43 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.03 % 4.99 % 3.06 % 2.97 % 5.25 % Year Ended December 31, 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 $ 103,284 $ 23,526 $ 74,196 $ 64,059 $ 6,971 Discounted expected future gross premiums (at original discount rate) $ 72,479 $ 15,628 $ 57,985 $ 50,968 $ 4,539 Discounted expected future gross premiums (at current discount rate) $ 56,950 $ 14,886 $ 56,068 $ 48,902 $ 4,391 Undiscounted expected future benefits and expenses $ 209,770 $ 31,412 $ 148,331 $ 155,711 $ 29,613 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 18 18 Weighted-average interest rate (at original discount rate) 4.37 % 5.21 % 3.40 % 2.50 % 4.91 % Weighted-average interest rate (at current discount rate) 5.39 % 5.39 % 3.12 % 2.98 % 5.63 % 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. In 2024, 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. In 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. In 2022, there was a $190 million charge to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, partially offset by a $80 million gain reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in 2022 was primarily due to unfavorable assumption updates related to the term life business in Individual Life. Deferred Profit Liability The balances of and changes in DPL as of and for the period indicated are as follows: Year Ended December 31, 2024 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,615 $ 3,956 $ 5,303 $ 14,874 Flooring impact, BOP 0 1 1 2 Balance, BOP, pre-flooring 5,615 3,955 5,302 14,872 Effect of assumption update 370 (150) (138) 82 Effect of actual variances from expected experience and other activity (99) (20) (39) (158) Adjusted balance, BOP 5,886 3,785 5,125 14,796 Profits deferred 142 1,530 1,149 2,821 Interest accrual 236 164 156 556 Amortization (588) (1,129) (980) (2,697) Foreign currency adjustment (6) (268) (212) (486) Other adjustments 0 32 0 32 Balance, EOP, pre-flooring 5,670 4,114 5,238 15,022 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,670 4,115 5,239 15,024 Less: Reinsurance recoverable 391 9 31 431 Balance after reinsurance recoverable $ 5,279 $ 4,106 $ 5,208 14,593 Other businesses 161 Total balance after reinsurance recoverable $ 14,754 Year Ended December 31, 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 21 (14) (61) (54) Adjusted balance, BOP 5,588 3,298 4,971 13,857 Profits deferred 342 1,674 1,331 3,347 Interest accrual 227 148 152 527 Amortization (565) (1,158) (1,015) (2,738) Foreign currency adjustment 15 (39) (137) (161) Other adjustments 8 32 0 40 Balance, EOP, pre-flooring 5,615 3,955 5,302 14,872 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,615 3,956 5,303 14,874 Less: Reinsurance recoverable 386 9 10 405 Balance after reinsurance recoverable $ 5,229 $ 3,947 $ 5,293 14,469 Other businesses 148 Total balance after reinsurance recoverable $ 14,617 Year Ended December 31, 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 102 (1) (110) (9) Adjusted balance, BOP 5,667 2,768 4,898 13,333 Profits deferred 230 1,725 1,555 3,510 Interest accrual 214 123 143 480 Amortization (548) (1,131) (1,036) (2,715) Foreign currency adjustment (30) (131) (300) (461) Other adjustments (1) 25 0 24 Balance, EOP, pre-flooring 5,532 3,379 5,260 14,171 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,532 3,379 5,261 14,172 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,532 $ 3,371 $ 5,251 14,154 Other businesses 183 Total balance after reinsurance recoverable $ 14,337 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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 14,308 $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 843 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 15,151 13,969 10,799 Effect of assumption update 153 23 2,200 Effect of actual variances from expected experience and other activity 266 32 (221) Adjusted balance, BOP 15,570 14,024 12,778 Assessments collected(1) 1,251 938 973 Interest accrual 539 488 435 Benefits paid (353) (301) (217) Other adjustments 1 2 0 Balance, excluding amounts in AOCI, EOP, pre-flooring 17,008 15,151 13,969 Flooring impact and amounts in AOCI (632) (843) (1,285) Balance, including amounts in AOCI, EOP, post-flooring 16,376 14,308 12,684 Less: Reinsurance recoverable 9,543 5,852 5,075 Balance after reinsurance recoverable, including amounts in AOCI, EOP 6,833 8,456 7,609 Other businesses 63 131 138 Total balance after reinsurance recoverable $ 6,896 $ 8,587 $ 7,747 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Year Ended December 31, 2024 2023 2022 Weighted-average duration of the liability in years (at original discount rate) 21 22 23 Weighted-average interest rate (at original discount rate) 3.36 % 3.40 % 3.38 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, DPL, and AIR 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: Year Ended December 31, 2024 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 186,846 $ 192,302 $ 182,304 Deferred profit liability, EOP, post-flooring 15,185 15,022 14,356 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 16,439 14,439 12,822 Subtotal of amounts disclosed above 218,470 221,763 209,482 Other Future Policy Benefits reserves(1) 50,442 51,518 52,291 Total Future Policy Benefits $ 268,912 $ 273,281 $ 261,773 __________ (1) Primarily 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, DPL, and AIR 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: Year Ended December 31, 2024 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 $ 22,814 $ 1,892 $ 0 $ 5,616 $ 5,445 $ 557 $ 36,324 Deferred profit liability (61) 0 0 (428) (148) (12) (649) Additional insurance reserves 0 0 3,458 0 0 0 3,458 Total $ 22,753 $ 1,892 $ 3,458 $ 5,188 $ 5,297 $ 545 $ 39,133 Year Ended December 31, 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 $ 11,156 $ 1,848 $ 0 $ 6,199 $ 6,154 $ 540 $ 25,897 Deferred profit liability (68) 0 0 (615) (179) 34 (828) Additional insurance reserves 0 0 2,947 0 0 0 2,947 Total $ 11,088 $ 1,848 $ 2,947 $ 5,584 $ 5,975 $ 574 $ 28,016 Year Ended December 31, 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 $ 15,427 $ 1,875 $ 0 $ 6,731 $ 6,987 $ 522 $ 31,542 Deferred profit liability (378) 0 0 (773) (547) 42 (1,656) Additional insurance reserves 0 0 2,678 1 0 0 2,679 Total $ 15,049 $ 1,875 $ 2,678 $ 5,959 $ 6,440 $ 564 $ 32,565 Year Ended December 31, 2024 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 $ 3,394 $ 415 $ 0 $ 1,717 $ 1,474 $ 505 $ 7,505 Deferred profit liability 236 0 0 164 156 4 560 Additional insurance reserves 0 0 539 1 0 0 540 Total $ 3,630 $ 415 $ 539 $ 1,882 $ 1,630 $ 509 $ 8,605 Year Ended December 31, 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 $ 2,876 $ 406 $ 0 $ 1,726 $ 1,507 $ 490 $ 7,005 Deferred profit liability 227 0 0 148 152 4 531 Additional insurance reserves 0 0 488 2 0 0 490 Total $ 3,103 $ 406 $ 488 $ 1,876 $ 1,659 $ 494 $ 8,026 Year Ended December 31, 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 $ 2,591 $ 395 $ 0 $ 1,706 $ 1,540 $ 464 $ 6,696 Deferred profit liability 214 0 0 123 143 6 486 Additional insurance reserves 0 0 435 3 0 0 438 Total $ 2,805 $ 395 $ 435 $ 1,832 $ 1,683 $ 470 $ 7,620 __________ (1) Represents “Gross premiums” for benefit reserves, “Revenue” for DPL and “Gross assessments” for AIR. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. POLICYHOLDERS’ ACCOUNT BALANCES The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Year Ended December 31, 2024 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 $ 132,729 Deposits 7,106 8,318 5,266 1,313 2,505 1,974 6,888 33,370 Interest credited 757 511 252 148 774 867 943 4,252 Dispositions 0 0 0 0 0 (336) 0 (336) Policy charges (11) (33) (5) (322) (2,051) (330) (240) (2,992) Surrenders and withdrawals (5,895) (919) (719) (1,452) (1,654) (817) (1,556) (13,012) Benefit payments (607) (85) (79) 0 (137) (264) (2,084) (3,256) Net transfers (to) from separate account 0 122 0 (6) 613 0 0 729 Change in market value and other adjustments(1) 0 2,406 210 0 107 (17) (13) 2,693 Foreign currency adjustment 0 0 0 0 0 (967) (1,177) (2,144) Balance, end of period $ 19,088 $ 34,085 $ 12,020 $ 4,974 $ 27,596 $ 13,059 $ 41,211 152,033 Closed Block Division 4,359 Unearned revenue reserve, unearned expense credit, and additional interest reserve 6,009 Other(2) 3,853 Total Policyholders' account balance $ 166,254 Weighted-average crediting rate 4.11 % 1.77 % 2.64 % 2.88 % 2.81 % 6.67 % 2.37 % 2.99 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 73,259 $ 400,990 $ 20,307 $ 6,128 $ 500,684 Cash surrender value(4) $ 19,058 $ 32,501 $ 10,305 $ 3,892 $ 23,886 $ 12,191 $ 36,837 $ 138,670 Year Ended December 31, 2023 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 5,657 4,638 2,659 1,212 2,447 2,417 6,611 25,641 Interest credited 677 305 129 165 773 709 736 3,494 Dispositions 0 0 0 0 0 0 0 0 Policy charges (23) (24) (9) (323) (2,047) (312) (217) (2,955) Surrenders and withdrawals (5,290) (704) (414) (1,552) (1,820) (218) (1,487) (11,485) Benefit payments (659) (76) (76) 0 (154) (266) (1,919) (3,150) Net transfers (to) from separate account 0 34 0 (48) 1,393 0 0 1,379 Change in market value and other adjustments(1) 0 2,068 163 0 345 31 (9) 2,598 Foreign currency adjustment 0 0 0 0 0 (580) (590) (1,170) Balance, end of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 132,729 Closed Block Division 4,500 Unearned revenue reserve, unearned expense credit, and additional interest reserve 5,326 Other(2) 4,463 Total Policyholders' account balance $ 147,018 Weighted-average crediting rate 3.85 % 1.48 % 2.21 % 2.96 % 2.87 % 5.88 % 1.99 % 2.78 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 72,858 $ 382,399 $ 19,276 $ 6,453 $ 480,986 Cash surrender value(4) $ 17,738 $ 21,640 $ 5,827 $ 4,021 $ 23,234 $ 11,268 $ 33,833 $ 117,561 Year Ended December 31, 2022 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 16,391 $ 14,125 $ 4,652 $ 6,273 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 6,083 4,777 753 1,233 2,551 1,499 3,978 20,874 Interest credited 561 211 87 153 816 38 518 2,384 Dispositions(5) 0 (1,405) (440) 0 0 0 0 (1,845) Policy charges (22) (6) (5) (322) (2,040) (216) (174) (2,785) Surrenders and withdrawals (5,075) (372) (163) (1,457) (1,657) (210) (2,816) (11,750) Benefit payments (562) (92) (176) 0 (197) (253) (1,966) (3,246) Net transfers (to) from separate account 0 246 0 (41) 449 0 0 654 Change in market value and other adjustments(1) 0 40 (65) 0 (279) 28 (10) (286) Foreign currency adjustment 0 0 0 0 0 (1,273) (1,820) (3,093) Balance, end of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 118,377 Closed Block Division 4,607 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,581 Other(2) 8,059 Total Policyholders' account balance $ 135,624 Weighted-average crediting rate 3.33 % 1.34 % 1.88 % 2.53 % 3.06 % 3.41 % 1.42 % 2.32 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 70,574 $ 367,698 $ 17,205 $ 7,138 $ 462,615 Cash surrender value(4) $ 17,376 $ 15,297 $ 3,581 $ 4,147 $ 21,766 $ 9,612 $ 31,270 $ 103,049 __________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) Includes $5,099 million, $5,479 million and $8,133 million of Full Service account balances reinsured to Great-West for December 31, 2024, December 31, 2023 and December 31, 2022, respectively. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) 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. (5) Represents the net impact from the sale of PALAC in Individual Retirement Strategies. Policyholders’ account balances for Institutional Retirement Strategies and Life Planner includes the Company’s Funding Agreement Notes Issuance Program (“FANIP”) at December 31, 2024, 2023 and 2022 are $5,547 million, $5,597 million and $5,064 million, respectively. Under this program, which has a maximum authorized amount of $15 billion of medium-term notes and $6 billion of commercial paper, Delaware statutory trusts

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2024
Reinsurance Disclosures [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 October 2024, the Company entered into an agreement with Wilton Reassurance Company and Wilton Reinsurance Bermuda Limited (collectively, “Wilton Re”) to reinsure certain guaranteed universal life policies issued by Pruco Life Insurance Company (“Pruco Life”) and Pruco Life Insurance Company of New Jersey (“PLNJ”), both of which are wholly-owned subsidiaries of Prudential Financial. These policies represented approximately 40% of the Company’s remaining statutory reserves on its in-force guaranteed universal life block of business as of September 30, 2024, following the close of the reinsurance transaction with Somerset Reinsurance Ltd. (“Somerset Re”), as discussed below. The transaction is structured on a coinsurance basis and follows reinsurance accounting. As a result of the transaction, the Company recognized a $980 million deferred reinsurance loss at inception that is amortized into income over the estimated remaining life of the reinsured policies. Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. These policies represented approximately 30% of the Company’s statutory reserves on its in-force guaranteed universal life block of business as of December 31, 2023. This transaction is structured on a modified coinsurance basis and follows reinsurance accounting. As a result of the transaction, the Company recognized a $363 million deferred reinsurance gain at inception that is amortized into income over the estimated remaining life of the reinsured policies. The reinsurance payables, which represent the Company’s obligations under the modified coinsurance arrangement, are netted with the reinsurance recoverables in the Consolidated Statements of Financial Position. Separately, effective September 2019, PALAC, a previously wholly-owned subsidiary of Prudential Financial, entered into an agreement with Somerset Re, to coinsure business, on a quota share funds withheld basis, related to fixed indexed annuities. This agreement was subsequently novated from PALAC to Pruco Life effective October 2021, in connection with the sale of PALAC effective April 2022. Under this reinsurance agreement, which is accounted for under the deposit method of accounting, the Company cedes to Somerset Re its quota share of the insurance liabilities with respect to the reinsured contracts. The deposit receivables were $2,795 million and $1,619 million as of December 31, 2024 and 2023, respectively, and the funds withheld liabilities were $2,595 million and $1,518 million as of December 31, 2024 and 2023, respectively. Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $9 billion of reserves, representing approximately 70% of the in-force structured settlement annuities business previously issued by PICA, 90% of which is on a coinsurance with funds withheld basis and 10% of which is on a coinsurance basis. The reinsurance of the structured settlement annuities that provide periodic payments for the lifetime of the annuitant follows reinsurance accounting. The reinsurance of structured settlement annuities that provide payments for a guaranteed period of time and do not include life contingency risk follows deposit accounting. As a result of the transaction, the Company recognized a $342 million deferred reinsurance loss at inception, including a post-closing true-up, that is amortized into income over the estimated remaining life of the reinsured contracts. Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $10 billion of account values of PDI traditional variable annuity contracts with guaranteed living benefits issued by 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 at inception that is 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, Great-West and Great-West Life & Annuity Insurance Company of New York, now known as Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York, respectively, 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 the deposit method of 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 under modified coinsurance. 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 receivable, which reflects the value of the invested assets retained by FLIAC and the associated asset returns. The Company also assumed via coinsurance all of FLIAC’s fixed indexed annuities with a guaranteed lifetime withdrawal income feature, which are accounted for under the deposit method of 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 market risk benefits. 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 payables, which represent the Company’s obligations under the modified coinsurance arrangement, are netted with the reinsurance recoverables 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” for the years ended December 31, are as follows: 2024 2023 2022 (in millions) Direct premiums $ 39,222 $ 29,475 $ 34,721 Reinsurance assumed 6,167 5,005 4,072 Reinsurance ceded (2,492) (7,116) (2,318) Premiums $ 42,897 $ 27,364 $ 36,475 Direct policy charges and fee income $ 4,629 $ 3,933 $ 3,916 Reinsurance assumed 1,188 1,228 1,247 Reinsurance ceded (1,519) (634) (548) Policy charges and fee income $ 4,298 $ 4,527 $ 4,615 Direct change in value of market risk benefits, net of related hedging gains (losses) $ (405) $ 123 $ (308) Reinsurance assumed 134 120 21 Reinsurance ceded (126) (187) (122) Change in value of market risk benefits, net of related hedging gains (losses) $ (397) $ 56 $ (409) Direct policyholders’ benefits $ 43,743 $ 32,044 $ 38,081 Reinsurance assumed 7,722 7,128 5,900 Reinsurance ceded (4,346) (8,241) (3,165) Policyholders’ benefits $ 47,119 $ 30,931 $ 40,816 Direct change in estimates of liability for future policy benefits $ 112 $ 447 $ 1,504 Reinsurance assumed 78 (147) 471 Reinsurance ceded (227) 37 (1,321) Change in estimates of liability for future policy benefits $ (37) $ 337 $ 654 Reinsurance recoverables at December 31, are as follows: 2024 2023 (in millions) Individual and group annuities(1) $ 6,987 $ 7,516 Life insurance(2) 19,098 8,806 Other reinsurance 401 415 Total reinsurance recoverables(3)(4) $ 26,486 $ 16,737 __________ (1) Primarily represents $5,506 million and $5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also recorded a funds withheld payable related to the reinsurance agreement with Prismic Re of $7,796 million and $8,543 million as of December 31, 2024 and 2023, respectively. Also includes reinsurance recoverables representing the modified coinsurance receivable established under the reinsurance agreement with FLIAC in which the Company assumed all of FLIAC’s indexed variable annuities of $1,442 million and $1,485 million as of December 31, 2024 and 2023, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $2,033 million and $2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,387 million and $1,396 million as of December 31, 2024 and 2023, respectively. Also includes net reinsurance recoverables of $1,591 million as of December 31, 2024 for the modified coinsurance receivable established under the reinsurance agreement with Somerset Re in which the Company reinsured a portion of its in-force guaranteed universal life block of business. Additionally, includes reinsurance recoverables of $7,478 million as of December 31, 2024 for the coinsurance receivable established under the reinsurance agreement with Wilton Re in which the Company reinsured a portion of its in-force guaranteed universal life block of business. (3) Net of $(12) million of allowance for credit losses as of both December 31, 2024 and 2023, respectively. (4) Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $11,194 million and $10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the reinsurance agreement with Prismic Re were $3,578 million and $3,771 million as of December 31, 2024 and 2023, respectively. Excluding the reinsurance recoverables associated with the acquisition of the Hartford Life Business, four major reinsurance companies account for approximately 67% of the Company’s reinsurance recoverables as of December 31, 2024. 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	12 Months Ended
	Dec. 31, 2024
Closed Block Disclosure [Abstract]
Closed Block	CLOSED BLOCK On December 18, 2001, the date of demutualization, 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. See Note 23 for financial information regarding the Closed Block. The insurance policies and annuity contracts comprising the Closed Block are managed in accordance with the Plan of Reorganization approved by the New Jersey Department of Banking and Insurance (“NJDOBI”) on December 18, 2001, and PICA is directly obligated for the insurance policies and annuity contracts in the Closed Block. The policies included in the Closed Block are specified individual life insurance policies and individual annuity contracts that were in force on the date of demutualization and for which PICA is currently paying or expects to pay experience-based policy dividends. Assets have been allocated to the Closed Block in an amount that has been determined to produce cash flows which, together with revenues from policies included in the Closed Block, are expected to be sufficient to support obligations and liabilities relating to these policies, including provision for payment of benefits, certain expenses and taxes and to provide for continuation of the policyholder dividend scales in effect in 2000, assuming experience underlying such scales continues. To the extent that, over time, cash flows from the assets allocated to the Closed Block and claims and other experience related to the Closed Block are, in the aggregate, more or less favorable than what was assumed when the Closed Block was established, total dividends paid to Closed Block policyholders may be greater than or less than the total dividends that would have been paid to these policyholders if the policyholder dividend scales in effect in 2000 had been continued. Any cash flows in excess of amounts assumed will be available for distribution over time to Closed Block policyholders and will not be available to shareholders. If the Closed Block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from PICA’s assets outside of the Closed Block. The Closed Block will continue in effect as long as any policy in the Closed Block remains in force unless, with the consent of the New Jersey insurance regulator, it is terminated earlier. The excess of Closed Block liabilities over Closed Block assets at the date of the demutualization (adjusted to eliminate the impact of related amounts in AOCI) represented the estimated maximum future earnings at that date from the Closed Block expected to result from operations attributed to the Closed Block after income taxes. In establishing the Closed Block, the Company developed an actuarial calculation of the timing of such maximum future earnings. If actual cumulative earnings of the Closed Block from inception through the end of any given period are greater than the expected cumulative earnings, only the expected earnings will be recognized in income. Any excess of actual cumulative earnings over expected cumulative earnings will represent undistributed accumulated earnings attributable to policyholders, which are recorded as a policyholder dividend obligation. The policyholder dividend obligation represents amounts to be paid to Closed Block policyholders as an additional policyholder dividend unless otherwise offset by future Closed Block performance that is less favorable than originally expected. If the actual cumulative earnings of the Closed Block from its inception through the end of any given period are less than the expected cumulative earnings of the Closed Block, the Company will recognize only the actual earnings in income. As of December 31, 2024, the Company recognized a policyholder dividend obligation of $2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over 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, 2024 was reduced to zero. At December 31, 2023, the Company recognized a policyholder dividend obligation of $2,873 million to Closed Block policyholders for the excess of actual cumulative earnings over the expected cumulative earnings. Additionally, accumulated net unrealized investment gains (losses) were reflected as a policyholder dividend obligation of $(2,081) million at December 31, 2023, with a corresponding amount reported in AOCI. In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in increases of approximately $30 million, $77 million and $109 million for the years ended December 31, 2022, 2023 and 2024, respectively, in the liability for policyholders’ dividends recognized. As of December 31, 2024, 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: 2024 2023 (in millions) Closed Block liabilities Future policy benefits $ 42,464 $ 43,587 Policyholders’ dividends payable 688 648 Policyholders’ dividend obligation 0 792 Policyholders’ account balances 4,359 4,500 Other Closed Block liabilities 3,346 3,605 Total Closed Block liabilities 50,857 53,132 Closed Block assets Fixed maturities, available-for-sale, at fair value 28,570 30,314 Fixed maturities, trading, at fair value 647 887 Equity securities, at fair value 1,642 1,970 Commercial mortgage and other loans 7,652 7,769 Policy loans 3,348 3,479 Other invested assets 4,929 4,513 Short-term investments 520 232 Total investments 47,308 49,164 Cash and cash equivalents 400 993 Accrued investment income 403 421 Other Closed Block assets 367 138 Total Closed Block assets 48,478 50,716 Excess of reported Closed Block liabilities over Closed Block assets 2,379 2,416 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (2,299) (2,241) Allocated to policyholder dividend obligation 2,096 2,081 Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,176 $ 2,256 Information regarding the policyholder dividend obligation is as follows: 2024 2023 (in millions) Balance, January 1 $ 792 $ 0 Impact from earnings allocable to policyholder dividend obligation (777) (334) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation (15) 1,126 Balance, December 31 $ 0 $ 792 Closed Block revenues and benefits and expenses for the years ended December 31, are as follows: 2024 2023 2022 (in millions) Revenues Premiums $ 1,689 $ 1,675 $ 1,698 Net investment income 2,041 1,949 1,980 Realized investment gains (losses), net (769) (380) (270) Other income (loss) 319 411 (447) Total Closed Block revenues 3,280 3,655 2,961 Benefits and Expenses Policyholders’ benefits 2,343 2,354 2,428 Interest credited to policyholders’ account balances 117 118 121 Dividends to policyholders 641 1,008 115 General and administrative expenses 266 280 302 Total Closed Block benefits and expenses 3,367 3,760 2,966 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (87) (105) (5) Income tax expense (benefit) (166) (176) (103) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 79 $ 71 $ 98

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The following schedule discloses significant components of income tax expense (benefit) for each year presented: Year Ended December 31, 2024 2023 2022 (in millions) Current tax expense (benefit): U.S. $ 495 $ (4) $ 214 State and local 35 25 15 Foreign 755 667 480 Total current tax expense (benefit) 1,285 688 709 Deferred tax expense (benefit): U.S. (545) 323 (789) State and local (1) 0 1 Foreign (232) (398) (200) Total deferred tax expense (benefit) (778) (75) (988) Total income tax expense (benefit) on income (loss) before equity in earnings of joint ventures and other operating entities 507 613 (279) Income tax expense (benefit) on equity in earnings of joint ventures and other operating entities 41 34 25 Income tax expense (benefit) on discontinued operations 0 0 0 Income tax expense (benefit) reported in equity related to: Other comprehensive income (loss) 364 (837) 2,555 Total income taxes $ 912 $ (190) $ 2,301 Reconciliation of Expected Tax at Statutory Rates to Reported Income Tax Expense (Benefit) The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% applicable for 2024, 2023 and 2022, and the reported income tax expense (benefit) are summarized as follows: Year Ended December 31, 2024 2023(1) 2022(1) ($ in millions) Expected federal income tax expense (benefit) $ 674 $ 645 $ (397) Non-taxable investment income (168) (162) (86) Foreign taxes at other than U.S. rate 189 191 122 Low-income housing and other tax credits (94) (106) (128) Changes in tax law 50 (99) (11) GILTI (24) 5 101 Sale of subsidiary (10) 0 86 Non-deductible expenses 39 29 21 Change in valuation allowance (45) 111 16 State taxes (net of federal benefit) 26 20 13 Other (130) (21) (16) Reported income tax expense (benefit) $ 507 $ 613 $ (279) Effective tax rate 15.8 % 20.0 % 14.7 % __________ (1) Prior period amounts have been updated to conform to current period presentation. The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal years 2024, 2023 and 2022 was 15.8%, 20.0%, and 14.7%, respectively. The following is a description of items that had a significant impact on the difference between the Company’s statutory U.S. federal income tax rate of 21% applicable for 2024, 2023 and 2022, and the Company’s effective tax rate during the periods presented: Non-Taxable Investment Income . The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $55 million of the total $168 million of 2024 non-taxable investment income, $62 million of the total $162 million of 2023 non-taxable investment income, and $78 million of the total $86 million of 2022 non-taxable investment income. The DRD for the current period was estimated using information from 2023, current year investment results, and current year’s equity market performance. The actual current year DRD can vary based on factors such as, but not limited to, changes in the amount of dividends received that are eligible for the DRD, changes in the amount of distributions received from fund investments, changes in the account balances of variable life and annuity contracts, and the Company’s taxable income before the DRD. Foreign Taxes at Other Than U.S. Rates . The combined statutory income tax rate in the Company’s largest non-U.S. tax jurisdiction is approximately 28% in Japan as compared to the U.S. federal income tax rate of 21% applicable for 2024, 2023 and 2022. The 952 Election. The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the effect of reducing the rate at which the Company will incur taxes on these earnings from the approximately 40% tax rate in Brazil to the 21% tax rate in the U.S. In conjunction with this election, the Company remeasured its related deferred tax assets from the previous 45% rate in Brazil to the new rate of 21% in the U.S., which resulted in additional income tax expense at the time of election. The net effect of the lower tax rate was a net increase / (decrease) in income tax expense of $(12) million in 2021. As a result of the issuance of foreign tax credit regulations during 2022 and the uncertainty regarding the creditability of Brazil income taxes in years post-2021, the net effect of the 952 Election for tax years 2017 and after was reversed in 2022. See “Foreign Tax Credit Regulations” discussed below. Foreign Tax Credit Regulations. The Treasury Department and the IRS published Final Regulations in the Federal Register (Treasury Decision 9959) on January 4, 2022, which affect the creditability of certain foreign taxes for U.S. federal income tax purposes. The Final Regulations created uncertainty as to whether a U.S. foreign tax credit could be claimed for taxes paid to Brazil. The ability to claim a foreign tax credit for taxes paid to Brazil impacted 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. Based on the Company’s interpretation of the Final Regulations, a net $11 million tax expense is reflected as part of the Company’s results for the year ended December 31, 2022, which reversed the net effect of the 952 Election for the tax years 2017 through 2021. The Company continues to assume that the election does not apply in tax years post 2021. On August 7, 2023, the IRS issued Notice 2023-55 which provides temporary relief to taxpayers in determining whether a foreign tax is eligible for a U.S. foreign tax credit for tax years 2022 and 2023. Subsequently, on December 11, 2023 the IRS issued Notice 2023-80 which extended that relief to taxable years ending before the date that a notice or other guidance withdrawing or modifying the temporary relief is issued and abolished certain changes that the Final Regulations had made to the creditability of tax paid in lieu of a generally imposed foreign income tax. As a result of this new guidance, the Company claimed a U.S. foreign tax credit for taxes paid to Brazil for 2022 and 2023 and will claim a U.S. foreign tax credit for taxes paid to Brazil in 2024. This resulted in a $7 million reduction in 2022 GILTI tax and contributed to the Company’s Brazil operations not being subject to GILTI in 2023 and 2024. Low-Income Housing and Other Tax Credits . These amounts include credits within the U.S. tax code for the development of affordable housing aiming at low-income Americans as well as foreign tax credits. Changes in Tax Law. In December 2023, the Government of Bermuda enacted a corporate income tax, which imposes a 15% income tax, less applicable foreign tax credits, on companies that are organized or operate within Bermuda that are within the scope of the OECD Pillar Two rules. The Bermuda corporate income tax will be effective for tax years beginning on January 1, 2025. The Company intends to make an election to exclude the income of a Bermuda entity that is a controlled foreign corporation within the meaning of the U.S. tax rules from the Bermuda corporate income tax for fiscal years ending prior to January 1, 2027. There are several open items with respect to the possible application of the Bermuda corporate income tax. In 2023, the Company reflected a $99 million net tax benefit as a result of the change in Bermuda tax law, which was entirely offset by a corresponding change in valuation allowance. In 2024, the Company recorded an adjustment of $50 million net tax expense, which was entirely offset by a corresponding change in valuation allowance. Sale of Subsidiary. This line item is primarily related to the difference between tax basis and GAAP basis for subsidiaries sold. See Note 1 for additional information regarding recent dispositions. GILTI. The GILTI provision applies a minimum U.S. tax to earnings of consolidated foreign subsidiaries in excess of a 10% deemed return on tangible assets of foreign subsidiaries by imposing the U.S. tax rate to 50% of earnings of such foreign affiliates and provides for a partial foreign tax credit for foreign income taxes. In years that the PFI consolidated federal income tax return reports a net operating loss or has a loss attributable to U.S. sources of operations, including as a result of loss carrybacks, the GILTI provision would limit the amount of deductions or credits permissible against GILTI. In 2022, the company incurred $101 million of tax primarily due to foreign tax credit limitations related to the GILTI provisions. These limitations did not have a material impact in 2023 or 2024. In 2024, the Company received IRS consent to change its tax accounting method for certain products in its Japan operations which resulted in a reduction of the 2022 GILTI tax liability. On July 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations (Treasury Decision 9902) pursuant to Internal Revenue Code Section 951A which allow 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 and Brazil, 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 made the high-tax exception election for the 2022 and 2023 tax years and anticipates to make the high-tax exception election for the 2024 tax year. Other . This line item represents reconciling items that are individually less than 5% of the computed expected federal income tax expense (benefit) and have therefore been aggregated for purposes of this reconciliation in accordance with relevant disclosure guidance. Schedule of Deferred Tax Assets and Deferred Tax Liabilities As of December 31, 2024 2023 (in millions) Deferred tax assets: Net unrealized investment losses $ 6,987 $ 4,047 Policyholders’ dividends 55 213 Net operating and capital loss carryforwards 360 178 Employee benefits 271 332 Investments 2,448 2,883 Goodwill and other intangibles 313 335 Deferred tax assets before valuation allowance 10,434 7,988 Valuation allowance (238) (290) Deferred tax assets after valuation allowance 10,196 7,698 Deferred tax liabilities: Insurance reserves 4,629 2,742 Deferred policy acquisition costs 3,851 3,897 Value of business acquired 147 166 Other 1,261 969 Deferred tax liabilities 9,888 7,774 Net deferred tax asset (liability)(1) $ 308 $ (76) __________ (1) As of December 31, 2024, includes net deferred tax assets of $840 million and $401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $542 million and $403 million, related to the Company’s U.S. operations and Bermuda operations, respectively. The application of U.S. GAAP requires the Company to evaluate the recoverability of deferred tax assets and establish a valuation allowance if necessary to reduce the deferred tax asset to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers many factors, including: (1) the nature of the deferred tax assets and liabilities; (2) whether they are ordinary or capital; (3) in which tax jurisdictions they were generated and the timing of their reversal; (4) taxable income in prior carryback years as well as projected taxable earnings exclusive of reversing temporary differences and carryforwards; (5) the length of time that carryovers can be utilized in the various taxing jurisdictions; (6) any unique tax rules that would impact the utilization of the deferred tax assets; and (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused. Although realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized. Changes in market conditions, including the significant rise in interest rates since the beginning of 2022, resulted in the recording of deferred tax assets related to net unrealized tax capital losses in the Company’s U.S. businesses. When assessing recoverability of these deferred tax assets, the Company considers its ability and intent to hold the underlying securities to recovery in value, if necessary, as well as other factors as noted above. As of December 31, 2024, based on all available evidence, the Company concluded that the deferred tax assets related to the unrealized tax capital losses on the available-for-sale securities portfolios are, more likely than not, expected to be realized. A valuation allowance has been recorded against deferred tax assets related to certain federal, state and local taxes and foreign operations. Adjustments to the valuation allowance are made to reflect changes in management’s assessment of the amount of the deferred tax asset that is realizable and the amount of deferred tax asset actually realized during the year. The valuation allowance includes amounts recorded in connection with deferred tax assets as follows: Federal State Foreign Operations Total (in millions) Balance at December 31, 2022 $ 22 $ 109 $ 28 $ 159 Charged to costs and expenses 3 0 8 11 Other adjustments 0 23 97 120 Balance at December 31, 2023 25 132 133 290 Charged to costs and expenses (2) 0 7 5 Other adjustments 0 (4) (53) (57) Balance at December 31, 2024 $ 23 $ 128 $ 87 $ 238 The following table sets forth the amount and expiration dates of federal, state and foreign operating, capital loss and tax credit carryforwards for tax purposes, as of the periods indicated: As of December 31, 2024 2023 (in millions) Federal net operating and capital loss carryforwards $ 23 $ 0 State net operating and capital loss carryforwards(1) $ 1,888 $ 1,670 Foreign net operating and capital loss carryforwards(2) $ 907 $ 356 Federal foreign tax credit carryforwards(3) $ 15 $ 18 __________ (1) Certain state net operating loss carryforwards expire between 2025 and 2044, whereas others have an unlimited carryforward. (2) $37 million expires between 2025 and 2041 and $870 million has an unlimited carryforward. (3) Expires between 2028 and 2033. These relate to foreign non-general basket tax credits. Consistent with the Tax Act of 2017, the Company provides applicable U.S. income tax for all unremitted earnings of the Company’s foreign affiliates. For certain foreign affiliates organized in withholding tax jurisdictions or that may be subject to other foreign country tax upon a remittance, the Company considers the unremitted foreign earnings of those affiliates to be indefinitely reinvested, and therefore does not provide for the withholding tax when calculating its current and deferred tax obligations. For certain other foreign affiliates organized in withholding tax jurisdictions or that may be subject to other foreign country tax upon a remittance, the Company does not consider unremitted earnings indefinitely reinvested, and therefore provides for foreign withholding tax when calculating its current and deferred tax obligations. The following table summarizes the Company’s indefinite reinvestment assertions for jurisdictions in which the Company operates that impose a withholding tax on dividends that is not eliminated by a tax treaty or may be subject to other foreign country tax upon a remittance: Unremitted earnings are indefinitely reinvested Unremitted earnings are not indefinitely reinvested Insurance operations in Chile and China and non-insurance operations in Korea and certain operations in Italy, France and Luxembourg. Insurance operations in Argentina, India, Indonesia, Ghana, Kenya and South Africa, and non-insurance operations in China, India, Taiwan and certain Germany and Luxembourg entities. During the first quarter of 2022, the Company changed the permanent investment assertion for certain French and Italian entities due to a plan to permanently reinvest the earnings in these operations, which gave rise to an immaterial amount of income tax expense during 2022. The Company made no changes with respect to its repatriation assumptions in 2023 and 2024. The following table sets forth the undistributed earnings of foreign subsidiaries, where the Company assumes indefinite reinvestment of such earnings and for which, in 2024, 2023, and 2022, foreign deferred withholding or other foreign income taxes have not been provided. The net tax liability that may arise if the 2024 earnings were remitted which includes any foreign exchange impacts, is immaterial. At December 31, 2024 2023 2022 (in millions) Undistributed earnings of foreign subsidiaries (assuming indefinite reinvestment only for Withholding or other non-U.S. Taxes) $ 351 $ 291 $ 238 The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $2,077 million, $1,341 million, and $(2,262) million and income (loss) from foreign operations of $1,132 million, $1,731 million, and $369 million for the years ended December 31, 2024, 2023 and 2022, respectively. Tax Audit and Unrecognized Tax Benefits The Company’s liability for income taxes includes the liability for unrecognized tax benefits and interest that relate to tax years still subject to review by the IRS or other taxing authorities. The completion of review or the expiration of the Federal statute of limitations for a given audit period could result in an adjustment to the liability for income taxes. The following table reconciles the total amount of unrecognized tax benefits at the beginning and end of the periods indicated: 2024 2023 2022 (in millions) Balance at January 1, $ 133 $ 84 $ 12 Increases in unrecognized tax benefits—prior years 4 13 81 (Decreases) in unrecognized tax benefits—prior years (5) 0 (1) Increases in unrecognized tax benefits—current year 0 36 0 (Decreases) in unrecognized tax benefits—current year 0 0 (8) Settlements with taxing authorities 0 0 0 Balance at December 31, $ 132 $ 133 $ 84 Unrecognized tax benefits that, if recognized, would favorably impact the effective rate $ 132 $ 133 $ 84 It is possible the Company will pay the unrecognized tax benefit attributable to the Section 952 election described above of approximately $86 million for prior year audit cycles within the next 12 months as it pursues resolution of the matter. The Company cannot predict with reasonable accuracy whether there will be any significant changes within the next twelve months to its total unrecognized tax benefits related to tax years for which the statute of limitations has not expired. The Company classifies all interest and penalties related to tax uncertainties as income tax expense (benefit). The amounts recognized in the consolidated financial statements for tax-related interest and penalties for the years ended December 31 are as follows: 2024 2023 2022 (in millions) Interest and penalties recognized in the Consolidated Statements of Operations $ 10 $ 7 $ 8 2024 2023 (in millions) Interest and penalties recognized in liabilities in the Consolidated Statements of Financial Position $ 33 $ 22 Listed below are the tax years that remain subject to examination, by major tax jurisdiction, as of December 31, 2024: Major Tax Jurisdiction Open Tax Years United States 2014-2024 Japan Fiscal years ended March 31, 2020-2024 The Company participates in the IRS’s Compliance Assurance Program. Under this program, the IRS assigns an examination team to review completed transactions as they occur in order to reach agreement with the Company on how they should be reported in the relevant tax returns. If disagreements arise, accelerated resolutions programs are available to resolve the disagreements in a timely manner. Some of the Company’s affiliates in Japan file a consolidated tax return, while others file separate tax returns. The Company’s affiliates in Japan are subject to audits by the local taxing authority. The general statute of limitations is five years from when the return is filed. During 2023, the Japanese National Tax Service concluded tax audits of The Gibraltar Life Insurance Company Ltd. for the three tax years ending March 31, 2022 and The Prudential Gibraltar Financial Life Insurance Company Ltd. for the four tax years ending March 31, 2022. The tax authority also conducted tax audits of some non-insurance companies during the reporting period. The audits had no material impact on the Company’s results. In August 2020, the Company sold an affiliate in South Korea, Prudential of Korea, that was subject to routine tax audits by the local taxing authority for 2017, 2016, and 2015 tax years. In November 2023, the disputed issue on the treatment of foreign tax credits was decided in favor of Prudential of Korea at the Tax Tribunal appeal and therefore had no material impact on the Company’s results.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	12 Months Ended
	Dec. 31, 2024
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 at December 31, for the years indicated as follows: 2024 2023 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 496 510 Subtotal commercial paper 521 535 Current portion of long-term debt: Surplus Notes 347 0 Mortgage Debt 85 83 Surplus Notes subject to set-off arrangements(1) 0 2,000 Subtotal Current portion of long-term debt 432 2,083 Subtotal 953 2,618 Less: Assets under set-off arrangements(1) 0 2,000 Total short-term debt(2) $ 953 $ 618 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 310 $ 110 Daily average commercial paper outstanding for the quarter ended $ 1,823 $ 1,334 Weighted average maturity of outstanding commercial paper, in days 15 49 Weighted average interest rate on outstanding commercial paper 4.61 % 5.50 % __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes. (2) Includes Prudential Financial debt of $25 million at both December 31, 2024 and 2023. At December 31, 2024 and 2023, the Company was in compliance with all covenants related to the above debt. Commercial Paper Prudential Financial has a commercial paper program with an authorized capacity of $3.0 billion. Prudential Financial’s commercial paper borrowings have generally been used to fund the working capital needs of its subsidiaries and provide short-term liquidity at Prudential Financial. Prudential Funding, LLC (“Prudential Funding”), a wholly-owned subsidiary of PICA, has a commercial paper program, with an authorized capacity of $7.0 billion. Prudential Funding commercial paper borrowings generally have served as an additional source of financing to meet the working capital needs of PICA and its subsidiaries. Prudential Funding also lends to other subsidiaries of Prudential Financial up to limits agreed with the NJDOBI. Prudential Funding maintains a support agreement with PICA whereby PICA has agreed to maintain Prudential Funding’s tangible net worth at a positive level. Additionally, Prudential Financial has issued a subordinated guarantee covering Prudential Funding’s $7.0 billion commercial paper program. Federal Home Loan Bank of New York PICA is a member of the FHLBNY. Membership allows PICA access to the FHLBNY’s financial services, including the ability to obtain collateralized loans and to issue collateralized funding agreements. Under applicable law, the funding agreements issued to the FHLBNY have priority claim status above debt holders of PICA. FHLBNY borrowings and funding agreements are collateralized by qualifying mortgage-related assets or U.S. Treasury securities, the fair value of which must be maintained at certain specified levels relative to outstanding borrowings. FHLBNY membership requires PICA to own member stock and borrowings require the purchase of activity-based stock in an amount equal to 4.5% of outstanding borrowings. Under FHLBNY guidelines, if any of PICA’s financial strength ratings decline below A-/A3/A- Negative by S&P/Moody’s/Fitch, respectively, and the FHLBNY does not receive written assurances from the NJDOBI regarding PICA’s solvency, new borrowings from the FHLBNY would be limited to a term of 90 days or less. Currently there are no restrictions on the term of borrowings from the FHLBNY. All FHLBNY stock purchased by PICA is classified as restricted general account investments within “Other invested assets,” and the carrying value of these investments was $142 million and $169 million as of December 31, 2024 and 2023, respectively. NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5% of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2023, the 5% limitation equates to a maximum amount of eligible assets of $7.4 billion and an estimated maximum borrowing capacity (after taking into account required collateralization levels) of $5.9 billion. Nevertheless, FHLBNY borrowings are subject to the FHLBNY’s discretion and to the availability of qualifying assets at PICA. As of December 31, 2024, $2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925% to 4.510%. These funding agreements are reflected as “Policyholders’ account balances” on the Consolidated Statements of Financial Position and as such are not included in the table above. Federal Agricultural Mortgage Corporation In September 2023, as an additional source of liquidity, the Company entered into an agreement with the Federal Agricultural Mortgage Corporation (“Farmer Mac”), under which the Company can borrow up to $750 million by issuing funding agreements to a subsidiary of Farmer Mac, with borrowings secured by a pledge of certain eligible agricultural mortgage loans. At December 31, 2024 , no amounts were drawn from this facility. Credit Facilities As of December 31, 2024, the Company maintained syndicated, unsecured committed credit facilities as described below. Borrower Original Expiration Capacity Amount Outstanding (in millions) Prudential Financial and Prudential Funding 5 years Jul-29 $ 4,000 $ 0 Prudential Holdings of Japan, Inc. 5 years Sep-29 ¥ 100,000 ¥ 0 In July 2024, the Company amended and restated its $4.0 billion five-year credit facility that has both Prudential Financial and Prudential Funding as borrowers and a syndicate of financial institutions as lenders, extending the term of the facility to July 2029. The credit facility contains customary representations and warranties, covenants and events of default, and borrowings are not contingent on the borrowers’ credit ratings nor subject to material adverse change clauses. Borrowings under this facility are conditioned on the continued satisfaction of customary conditions, including Prudential Financial’s maintenance of consolidated net worth of at least $22.1 billion. For these purposes, consolidated net worth is calculated as U.S. GAAP equity excluding AOCI, equity of noncontrolling interests, equity attributable to the Closed Block, and certain adjustments related to the Company’s adoption of ASU 2018-12. The Company expects that it may borrow under the facility from time to time to fund its working capital needs. In addition, amounts under this credit facility may be drawn in the form of standby letters of credit that can be used to meet the Company’s operating needs. In September 2024, the Company refinanced its ¥100 billion five-year credit facility, on which Prudential Holdings of Japan, Inc. (“PHJ”) is a borrower, extending the term of the facility to September 2029. This facility also contains customary representations and warranties, covenants, and events of default and borrowings are not contingent on the borrower’s credit ratings nor subject to material adverse change clauses. Borrowings under each of these credit facilities may be used for general corporate purposes. As of December 31, 2024, the Company was in compliance with the covenants under each of these credit facilities. In addition to the above credit facilities, the Company had access to $223 million of certain other lines of credit at December 31, 2024, of which $110 million was for the sole use of certain real estate separate accounts. The separate account facilities include loan-to-value ratio requirements and other financial covenants, and recourse on obligations under these facilities is limited to the assets of the applicable separate account. At December 31, 2024, none of these credit facilities were used. The Company also has access to uncommitted lines of credit from financial institutions. Agreements for Senior Notes Issuance In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust invested the proceeds from the sale of the trust securities in a portfolio of principal and/or interest strips of U.S. Treasury securities. The facility agreement provides Prudential Financial the right to issue and sell to the trust from time to time up to $1.5 billion of 2.850% senior notes due May 15, 2030 and receive in exchange a corresponding amount of the U.S. Treasury securities held by the trust. In return, the Company agreed to pay a semi-annual facility fee to the trust at a rate of 2.175% per annum applied to the maximum amount of senior notes that the Company could issue and sell to the trust. Similar to the Company’s put option agreement, the facility agreement with the trust provides Prudential Financial with a source of liquid assets. 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 trust, such as paying the facility fee or reimbursing the trust for its 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 trust in exchange for a corresponding amount of U.S. Treasury securities. Finally, Prudential Financial may redeem any outstanding senior notes, in whole or in part, prior to February 15, 2030, at a redemption price equal to the greater of par or a make-whole price, or thereafter, at par. 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 facilities, 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 $9.0 billion, subject to adjustment in certain cases. Prior to any involuntary exercise of the issuance right, the Company has the right to repurchase any of its senior notes then held by the trusts in exchange for a corresponding amount of U.S. Treasury securities. Finally, Prudential Financial may redeem any outstanding senior notes, in whole or in part, prior to February 15, 2033 and February 15, 2053 for the ten-year and thirty-year facilities, respectively, at a redemption price equal to the greater of par or a make-whole price, or thereafter, at par. Long-term Debt The table below presents the Company’s long-term debt at December 31, for the years indicated as follows: Maturity Rate(1) December 31, 2024 2023 ($ in millions) Fixed-rate notes: Surplus Notes $ 0 $ 346 Surplus Notes subject to set-off arrangements(2) 2035-2049 3.66%-5.48% 14,748 9,790 Senior Notes 2026-2051 1.50%-6.63% 10,245 10,112 Mortgage Debt(3) 2029-2034 1.28%-1.72% 69 0 Floating-rate notes: Line of Credit 2027 6.42%-7.00% 255 255 Surplus Notes subject to set-off arrangements 0 580 Mortgage Debt(3) 2029-2031 0.73%-1.40% 31 75 Junior Subordinated Notes(4) 2045-2062 1.63%-6.75% 8,587 8,094 Subtotal 33,935 29,252 Less: Assets under set-off arrangements(5) 14,748 10,370 Total long-term debt(6) $ 19,187 $ 18,882 __________ (1) Ranges of interest rates are for the year ended December 31, 2024. (2) Amount includes $6.9 billion of surplus notes used to finance Guideline AXXX reserves for business reinsured to Somerset Re in March 2024. See Note 15 for additional information. (3) Includes $100 million and $27 million of debt denominated in foreign currency at December 31, 2024 and 2023, respectively. (4) Includes Prudential Financial debt of $8,548 million and subsidiary debt of $39 million denominated in foreign currency at December 31, 2024. (5) Assets under set-off arrangements represent a reduction in the amount of surplus notes included in long-term debt, resulting from an arrangement where valid rights of set-off exist and it is the intent of both parties to settle on a net basis under legally enforceable arrangements. These assets include available-for-sale securities that are reported at fair value. (6) Includes Prudential Financial debt of $18,793 million and $18,162 million at December 31, 2024 and 2023, respectively. At December 31, 2024 and 2023, the Company was in compliance with all debt covenants related to the borrowings in the table above. The following table presents the contractual maturities of the Company’s long-term debt as of December 31, 2024: Calendar Year 2026 2027 2028 2029 2030 and thereafter Total (in millions) Long-term debt $ 536 $ 287 $ 390 $ 95 $ 17,879 $ 19,187 Senior Notes Under its shelf registration statement, the Company has issued Medium-Term Notes and InterNotes ® Retail Notes. In addition, the Company completed a debt exchange offer in 2017, pursuant to which it issued two series of Senior Notes. The table below presents the Company’s balances related to these issuances, as well as its mortgage debt balance, as of December 31 for the years indicated as follows: Facility Name Maturity Date Range 2024 Amount Outstanding 2023 Amount Outstanding (in millions) Medium-Term Notes 2026-2051 $ 8,382 $ 8,378 Senior Notes 2047-2049 1,493 1,484 InterNotes ® Retail Notes 2026-2045 370 249 Mortgage Debt(1) 2024-2034 185 158 Total $ 10,430 $ 10,269 __________ (1) Includes $85 million of notes from current portion of long-term debt as of December 31, 2024. The weighted average interest rate on outstanding Medium-Term Notes, Senior Notes, and InterNotes ® Retail Notes, including the effect of interest rate hedging activity, was 4.43% for both the years ended December 31, 2024 and 2023, excluding the effect of debt issued to consolidated subsidiaries. Funding Agreement Notes Issuance Program The Company maintains a FANIP in which statutory trusts issue medium-term notes and commercial paper secured by funding agreements issued to the trusts by PICA. These obligations are included in “Policyholders’ account balances” and not included in the foregoing table. See Note 13 for further discussion of these obligations. Surplus Notes As of December 31, 2024, PICA had $347 million of fixed-rate surplus notes outstanding. These notes are subordinated to other PICA borrowings and policyholder obligations, and the payment of interest and principal may only be made with the prior approval of the NJDOBI. The NJDOBI could prohibit the payment of the interest and principal on the surplus notes if certain statutory capital requirements are not met. At December 31, 2024 and 2023, the Company met these statutory capital requirements. Surplus Notes with Set-Off Arrangements Agreement Start Date Maturity Years Maximum Borrowing Capacity 2024 Amount Outstanding 2023 Amount Outstanding ($ in millions) Regulation XXX 2024 2044 $ 8,000 $ 7,560 $ 0 2014-2021 2024-2036 NA(1) 0 1,600 2014-2017 2024-2037 NA(1) 0 2,330 2018 2038 NA(1) 0 1,000 Guideline AXXX 2024(2) 2049 9,500 6,888 $ 0 2013 2033 NA(1) 0 3,500 2017 2037 NA(1) 0 1,540 2020 2032 NA(1) 0 2,100 Other Notes 2019 2035 4,000 300 300 Total $ 21,500 $ 14,748 $ 12,370 __________ (1) These notes were redeemed in 2024. (2) Amount includes $6.9 billion of surplus notes used to finance Guideline AXXX reserves for business reinsured to Somerset Re in March 2024. See Note 15 for additional information. Surplus Notes Supporting Regulation XXX and Guideline AXXX Reserves As shown in the table above, the Company’s captive reinsurance subsidiaries maintain facilities with external counterparties providing for the issuance of surplus notes by the captive to finance reserves required under Regulation XXX and Guideline AXXX. Under these facilities, the captives receive in exchange for the surplus notes one or more credit-linked notes issued by special-purpose affiliates in aggregate principal amounts equal to the surplus notes issued. The captives hold the credit-linked notes as assets supporting the non-economic portion of the statutory reserves required to be held by the Company’s domestic insurance subsidiaries under Regulation XXX and Guideline AXXX in connection with the reinsurance of term life or universal life insurance policies through the captive. The non-economic portion of the statutory reserve equals the difference between the statutory reserve required under Regulation XXX and Guideline AXXX and the amount the Company considers necessary to maintain solvency for moderately adverse experience. The credit-linked notes are redeemable for cash upon the occurrence of a liquidity stress event affecting the captives and external counterparties have agreed to fund these payments in return for a fee. Under certain of these different transactions, Prudential Financial has agreed to reimburse the captive for investment losses in excess of specified amounts. For each of the above transactions, because valid rights of set-off exist, interest and principal payments on the surplus notes and on the related credit-linked notes are settled on a net basis, and the surplus notes are reflected in the Company’s total consolidated borrowings on a net basis. The surplus notes for the captive reinsurance subsidiaries described above are subordinated to policyholder obligations, and the repayment of principal may only be made with prior approval of the Arizona Department of Insurance and Financial Institutions, the domiciliary insurance regulator of the captives. The payment of interest on the surplus notes has been approved by the Arizona Department of Insurance and Financial Institutions, subject to its ability to withdraw that approval. Other Surplus Notes The surplus note facility listed under “Other Notes” in the table above reflects a financing facility that Prudential Legacy Insurance Company of New Jersey (“PLIC”) has entered into with certain external counterparties and a special-purpose affiliate, pursuant to which PLIC may, at its option, issue and sell to the affiliate up to $4.0 billion in aggregate principal amount of surplus notes, in return for an equal principal amount of credit-linked notes. The credit-linked notes are redeemable for cash upon the occurrence of a liquidity stress event affecting PLIC, and external counterparties have agreed to fund these payments in return for a fee. Upon issuance, PLIC would hold any credit-linked notes as assets to support future statutory surplus needs within PLIC. Junior Subordinated Notes Prudential Financial’s junior subordinated notes outstanding are considered hybrid securities that receive enhanced equity treatment from the rating agencies. These notes outstanding, along with their key terms, are as follows: Issue Date Principal Initial Investor Optional Interest Rate Subsequent to Optional Redemption Date (1) Maturity Date ($ in millions) May-15 $ 1,000 5.38 % Institutional 5/15/2025 SOFR + 3.29% (2) 5/15/2045 Sep-17 $ 750 4.50 % Institutional 9/15/2027 SOFR + 2.64% (2) 9/15/2047 Aug-18 $ 565 5.63 % Retail 8/15/2023 5.63% 8/15/2058 Sep-18 $ 1,000 5.70 % Institutional 9/15/2028 SOFR + 2.93% (2) 9/15/2048 Aug-20 $ 500 4.13 % Retail 9/1/2025 4.13% 9/1/2060 Aug-20 $ 800 3.70 % Institutional 10/1/2030 US Treasury + 3.04% 10/1/2050 Feb-22 $ 1,000 5.13 % Institutional 2/28/2032 US Treasury + 3.16% 3/1/2052 Aug-22 $ 300 5.95 % Retail 9/1/2027 5.95% 9/1/2062 Aug-22 $ 1,200 6.00 % Institutional 9/1/2032 US Treasury + 3.23% 9/1/2052 Feb-23 $ 500 6.75 % Institutional 3/1/2033 US Treasury + 2.85% 3/1/2053 Mar-24 $ 1,000 6.50 % Institutional 3/15/2034 US Treasury + 2.40% 3/15/2054 __________ (1) Effective June 30, 2023, SOFR is the replacement reference rate for certain outstanding junior subordinated notes issued by the Company that previously used London Inter-Bank Offered Rate (“LIBOR”) as the reference rate. (2) The spread incorporates the contractual LIBOR-based spread and a 0.26% tenor spread adjustment. The Company has the right to defer interest payments on these notes for specified periods, typically 5 to 10 years without resulting in a default, during which time interest will be compounded. On or after the optional redemption dates, Prudential Financial may redeem the notes at par plus accrued and unpaid interest. Prior to those optional redemption dates, redemptions generally are subject to a make-whole price; however, the Company may redeem the notes prior to these dates at par upon the occurrence of certain events, such as a future change in the regulatory capital treatment of the notes with respect to the Company. Interest Expense In order to manage exposure to interest rate and currency exchange rate movements, the Company utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issuances. The impact of these derivative instruments is not reflected in the rates presented in the tables above. For those derivative instruments that qualify for hedge accounting, interest expense was $0 million for both the years ended December 31, 2024 and 2023, and less than $1 million for the year ended December 31, 2022. See Note 5 for additional information regarding the Company’s use of derivative instruments.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2024
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”). At December 31, 2024, approximately 81% of the Company’s Pension Benefits relate to its domestic qualified pension plan, which initially determined benefits based on the traditional formula. Effective January 1, 2001, active domestic employees covered under this plan were given the option to convert from the traditional formula to the cash balance formula, and all new domestic employees began accruing benefits under the cash balance formula. As of December 31, 2024, approximately 66% and 34% of the benefit obligation under this plan relates to participants under the traditional formula (including all retirees who are receiving an annuity payment) and cash balance formula, respectively. At December 31, 2024, the vast majority of active employees under this plan are accruing benefits under 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 are eligible to receive 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. Prepaid benefits costs and accrued benefit liabilities are included in “Other assets” and “Other liabilities,” respectively, in the Company’s Consolidated Statements of Financial Position. The status of these plans as of December 31, 2024 and 2023 is summarized below: Pension Benefits Other Postretirement Benefits 2024 2023 2024 2023 (in millions) Change in benefit obligation Benefit obligation at the beginning of period $ (11,238) $ (11,099) $ (1,032) $ (1,348) Service cost (206) (204) (7) (9) Interest cost (539) (551) (51) (71) Plan participants’ contributions 0 0 (21) (24) Amendments 0 2 0 298 Actuarial gains (losses), net(1)(2) 360 (274) (29) (66) Settlements 62 22 0 0 Special termination benefits (1) (25) 0 (5) Benefits paid 823 827 113 193 Foreign currency changes and other 110 64 1 0 Benefit obligation at end of period $ (10,629) $ (11,238) $ (1,026) $ (1,032) Change in plan assets Plan assets at beginning of period $ 12,649 $ 12,519 $ 1,186 $ 1,191 Actual return on plan assets 366 788 88 155 Employer contributions 177 185 5 9 Plan participants’ contributions 0 0 21 24 Disbursement for settlements (62) (22) 0 0 Benefits paid (823) (827) (113) (193) Foreign currency changes and other (14) 6 0 0 Plan assets at end of period $ 12,293 $ 12,649 $ 1,187 $ 1,186 Funded status at end of period $ 1,664 $ 1,411 $ 161 $ 154 Amounts recognized in the Statements of Financial Position Prepaid benefit cost $ 3,451 $ 3,385 $ 232 $ 240 Accrued benefit liability (1,787) (1,974) (71) (86) Net amount recognized $ 1,664 $ 1,411 $ 161 $ 154 Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost: Prior service cost $ (1) $ (2) $ (278) $ (345) Net actuarial loss 2,924 2,797 218 209 Net amount not recognized $ 2,923 $ 2,795 $ (60) $ (136) Accumulated benefit obligation $ (9,925) $ (10,512) $ (1,026) $ (1,032) __________ (1) For 2024, actuarial gains for pension were primarily driven by an increase in the discount rate. For 2024, actuarial losses for other postretirement benefits were primarily driven by an increase in medical trend rate. (2) For 2023, actuarial losses for pension and other postretirement benefits were primarily driven by a decrease in the discount rate. In addition to the plan assets above, the Company in 2007 established an irrevocable trust, commonly referred to as a “rabbi trust,” for the purpose of holding assets of the Company to be used to satisfy its obligations with respect to certain non-qualified retirement plans ($861 million and $893 million benefit obligation at December 31, 2024 and 2023, respectively). Assets held in the rabbi trust are available to the general creditors of the Company in the event of insolvency or bankruptcy. The Company may from time to time in its discretion make contributions to the trust to fund accrued benefits payable to participants in one or more of the plans, and, in the case of a change in control of the Company, as defined in the trust agreement, the Company will be required to make contributions to the trust to fund the accrued benefits, vested and unvested, payable on a pre-tax basis to participants in the plans. In addition, the Company may from time to time at its discretion make a withdrawal from or request a policy loan through the trust to fund operational or capital needs. The Company requested policy loans through the trust of $0 million and $900 million in 2024 and 2023, respectively. The Company did not make any discretionary payments to the trust or receive any withdrawals from the trust in either 2024 or 2023. As of December 31, 2024 and 2023, the assets in the trust had a carrying value of $157 million and $118 million, respectively. The Company also maintains a separate rabbi trust for the purpose of holding assets of the Company to be used to satisfy its obligations with respect to certain other non-qualified retirement plans ($51 million and $57 million benefit obligation at December 31, 2024 and 2023, respectively), as well as certain cash-based deferred compensation arrangements. As of December 31, 2024 and 2023, the assets in the trust had a carrying value of $75 million and $77 million, respectively. Pension benefits for foreign plans comprised 10% and 11% of the ending benefit obligation for 2024 and 2023, respectively. Foreign pension plans comprised 3% of the ending fair value of plan assets for both 2024 and 2023, respectively. There are no material foreign postretirement plans. Information for pension plans with a projected benefit obligation in excess of plan assets 2024 2023 (in millions) Projected benefit obligation $ 1,787 $ 1,974 Fair value of plan assets $ 0 $ 0 Information for pension plans with an accumulated benefit obligation in excess of plan assets 2024 2023 (in millions) Accumulated benefit obligation $ 1,625 $ 1,795 Fair value of plan assets $ 0 $ 0 Components of Net Periodic Benefit Cost The Company uses market related value to determine components of net periodic (benefit) cost. Market related value recognizes certain changes in fair value of plan assets over a period of five years. Changes in the fair value of U.S. equities, international equities, real estate and other assets are recognized over a five year period. However, changes in the fair value for fixed maturity assets (including short-term investments) are recognized immediately for the purposes of market related value. Net periodic (benefit) cost included in “General and administrative expenses” in the Company’s Consolidated Statements of Operations for the years ended December 31, includes the following components: Pension Benefits Other Postretirement 2024 2023 2022 2024 2023 2022 (in millions) Service cost $ 206 $ 204 $ 276 $ 7 $ 9 $ 13 Interest cost 539 551 431 51 71 56 Expected return on plan assets (953) (926) (866) (76) (86) (102) Amortization of prior service cost (1) (1) (1) (67) (7) (8) Amortization of actuarial (gain) loss, net 90 69 160 8 10 6 Settlements 1 3 2 0 0 0 Curtailments(1) 0 0 0 0 0 (7) Special termination benefits(2)(3)(4) 1 25 4 0 5 4 Net periodic (benefit) cost $ (117) $ (75) $ 6 $ (77) $ 2 $ (38) __________ (1) For 2022, curtailments were recognized as a result of the sale of the Full Service Retirement business for other postretirement benefit plans. (2) For 2024, 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. (3) For 2023, 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 Company’s organizational restructuring. (4) 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. Changes in Accumulated Other Comprehensive Income (Loss) The benefit obligation is based upon actuarial assumptions such as discount, termination, retirement, mortality and salary growth rates. Changes at year-end in these actuarial assumptions, along with experience changes based on updated participant census data are deferred in AOCI. Plan assets generate actuarial gains and losses when actual returns on plan assets differ from expected returns on plan assets, and these differences are also deferred in AOCI. The cumulative deferred gain (loss) within AOCI is amortized into earnings if it exceeds 10% of the greater of the benefit obligation or plan assets at the beginning of the year, and the amortization period is based upon the actuarially calculated expected future years of service for a given plan. The amounts recorded in AOCI as of the end of the period, which have not yet been recognized as a component of net periodic (benefit) cost, and the related changes in these items during the period that are recognized in “Other comprehensive income (loss)” are as follows: Pension Benefits Other Postretirement Prior Net Prior Net (in millions) Balance, December 31, 2021 $ (5) $ 3,131 $ (69) $ 211 Amortization for the period 1 (160) 8 (6) Deferrals for the period(1) 1 (431) 0 20 Impact of foreign currency changes and other 1 (74) 7 (3) Balance, December 31, 2022 (2) 2,466 (54) 222 Amortization for the period 1 (69) 7 (10) Deferrals for the period(2) (2) 411 (298) (3) Impact of foreign currency changes and other 1 (11) 0 0 Balance, December 31, 2023 (2) 2,797 (345) 209 Amortization for the period 1 (90) 67 (8) Deferrals for the period(3) 0 227 0 17 Impact of foreign currency changes and other 0 (10) 0 0 Balance, December 31, 2024 $ (1) $ 2,924 $ (278) $ 218 __________ (1) For 2022, deferred gains for pension were driven by an increase in discount rate offset partially by unfavorable asset performance. Deferred losses for other postretirement benefits were driven by unfavorable asset performance partially offset by an increase in discount rate. (2) For 2023, deferred losses for pension were driven by a decrease in discount rate and unfavorable asset performance. Deferred gains for other postretirement benefits were driven by a change to the Retiree Medical Plan, decrease in discount rate and favorable asset performance. (3) For 2024, deferred losses for pension were driven by unfavorable asset performance offset by an increase in discount rate. Deferred losses for other postretirement benefits were driven by an increase in medical trend experience offset by an increase in discount rate and favorable asset performance. The Company’s assumptions related to the calculation of the domestic benefit obligation (end of period) and the determination of net periodic (benefit) cost (beginning of period) are presented in the table below: Pension Benefits Other Postretirement Benefits 2024 2023 2022 2024 2023 2022 Weighted average assumptions Discount rate (beginning of period) 5.30 % 5.45 % 2.85 % 5.20 % 5.55 % 2.75 % Discount rate (end of period) 5.85 % 5.30 % 5.45 % 5.70 % 5.20 % 5.55 % Rate of increase in compensation levels (beginning of period) 6.25 % 4.50 % 4.50 % N/A N/A N/A Rate of increase in compensation levels (end of period) 6.25 % 6.25 % 4.50 % N/A N/A N/A Expected return on plan assets (beginning of period) 7.50 % 7.50 % 6.00 % 6.75 % 7.75 % 7.00 % Interest crediting rate (beginning of period) 4.95 % 4.25 % 4.25 % N/A N/A N/A Interest crediting rate (end of period) 4.35 % 4.95 % 4.25 % N/A N/A N/A Health care cost trend rates (beginning of period) N/A N/A N/A 7.35 % 6.50 % 6.00 % Health care cost trend rates (end of period) N/A N/A N/A 7.90 % 7.35 % 6.50 % For 2024, 2023 and 2022, the ultimate health care cost trend rate after gradual decrease until: 2034, 2030, 2028, (beginning of period) N/A N/A N/A 4.75 % 4.75 % 4.50 % For 2024, 2023 and 2022, the ultimate health care cost trend rate after gradual decrease until: 2035, 2034, 2030 (end of period) N/A N/A N/A 4.75 % 4.75 % 4.75 % The domestic discount rate used to value the pension and postretirement obligations at December 31, 2024 and December 31, 2023 is based upon the value of a portfolio of Aa-rated investments whose cash flows would be available to pay the benefit obligation’s cash flows when due. The December 31, 2024 portfolio is selected from a compilation of approximately 885 Aa-rated bonds across the full range of maturities. Since bond ratings and yields can vary widely at each maturity point, the Company uses an average bond rating and excludes bonds with unusually high or low yields, so as to avoid relying on bonds that might be mispriced or misrated. The Aa-rated portfolio is then selected and, accordingly, its value is a measure of the benefit obligation. A single equivalent discount rate is calculated to equate the value of the Aa-rated portfolio to the cash flows for the benefit obligation. The result is rounded to the nearest 5 basis points and the benefit obligation is recalculated using the rounded discount rate. The pension and postretirement expected long-term rates of return on plan assets for 2024 were determined based upon an approach that considered the allocation of plan assets as of December 31, 2023. Expected returns are estimated by asset class as noted in the discussion of investment policies and strategies below. Expected returns on asset classes are developed using a building-block approach that is forward looking and are not strictly based upon historical returns. The building blocks for equity returns include inflation, real return, a term premium, an equity risk premium, capital appreciation, expenses, the effect of active management and the effect of rebalancing. The building blocks for fixed maturity returns include inflation, real return, a term premium, credit spread, capital appreciation, effect of active management, expenses and the effect of rebalancing. The Company applied a similar approach to the determination of the expected rate of return on plan assets in 2025. The expected rate of return for 2025 is 8.00% and 6.50% for pension and postretirement, respectively. The assumptions for foreign pension plans are based on local markets. There are no material foreign postretirement plans. Plan Assets The investment goal of the domestic pension plan is to generate an above benchmark return on a diversified portfolio of stocks, bonds and other investments. The cash requirements of the plan’s pension obligation, which include a traditional defined benefit formula principally representing payments to annuitants and a cash balance formula that allows lump sum payments and annuity payments, are designed to be met by the bonds and short-term investments in the portfolio. The investment goal of the domestic postretirement plan assets is to generate an above benchmark return on a diversified portfolio of stocks, bonds, and other investments, while meeting the cash requirements for the postretirement obligation that includes a medical benefit including prescription drugs, a dental benefit and a life benefit. The pension and postretirement plans risk management practices include guidelines for asset concentration, credit rating, liquidity and tax efficiency. The fiduciaries of the pension and postretirement plans select investment managers to invest the assets of the plans consistent with each manager’s investment mandate. These managers may use derivatives such as futures contracts to reduce transaction costs and change asset concentration and may use interest rate swaps and futures to adjust duration. The plan fiduciaries for the Company’s pension and postretirement plans have developed guidelines for asset allocations reflecting a percentage of total assets by asset class, which are reviewed on a regular basis. Asset allocation targets as of December 31, 2024 are as follows: Pension Postretirement Minimum Maximum Minimum Maximum Asset Category U.S. Equities 0 % 3 % 10 % 30 % International Equities 0 % 11 % 3 % 20 % Fixed Maturities 52 % 71 % 6 % 76 % Short-term Investments 0 % 11 % 0 % 24 % Real Estate 3 % 18 % 0 % 0 % Other 8 % 40 % 0 % 0 % To implement the investment strategy, plan assets are invested in funds that primarily invest in securities that correspond to one of the asset categories under the investment guidelines. However, at any point in time, some of the assets in a fund may be of a different nature than the specified asset category. Assets held with PICA are in either pooled separate accounts or single client separate accounts. Assets held with a bank are either in common/collective trusts or single client trusts. Pooled separate accounts and common/collective trusts hold assets for multiple investors. Each investor owns a “unit of account.” The asset allocation targets above include the underlying asset mix in the Pooled Separate Accounts and Common/Collective Trusts. Single client separate accounts or trusts hold assets for only one investor, the domestic qualified pension plan, and each security in the fund is treated as individually owned. There were no investments in Prudential Financial Common Stock as of both December 31, 2024 and 2023 for either the pension or postretirement plans. The authoritative guidance around fair value established a framework for measuring fair value. Fair value is disclosed using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value, as described in Note 6. The following describes the valuation methodologies used for pension and postretirement plans assets measured at fair value. Insurance Company Pooled Separate Accounts, Common/Collective Trusts, and United Kingdom Insurance Pooled Funds —Insurance company pooled separate accounts are invested via group annuity contracts issued by PICA. Assets are represented by a “unit of account.” The redemption value of those units is based on a per unit value whose value is the result of the accumulated values of underlying investments. The unit of account value is used as a practical expedient to estimate fair value. Equities —See Note 6 for a discussion of the valuation methodologies for equity securities. U.S. Government Securities (both Federal and State & Other), Non–U.S. Government Securities , and Corporate Debt —See Note 6 for a discussion of the valuation methodologies for fixed maturity securities. Interest Rate Swaps —See Note 6 for a discussion of the valuation methodologies for derivative instruments. Registered Investment Companies (Mutual Funds) —Securities are priced at the NAV, which is the closing price published by the registered investment company on the reporting date. Short-term Investments —Securities are valued initially at cost and thereafter adjusted for amortization of any discount or premium (i.e., amortized cost). Amortized cost approximates fair value. Partnerships —The value of interests owned in partnerships is based on valuations of the underlying investments that include private placements, structured debt, real estate, equities, fixed maturities, commodities and other investments. Hedge Funds —The value of interests in hedge funds is based on the underlying investments that include equities, debt and other investments. Variable Life Insurance Policies —These assets are held in group and individual variable life insurance policies issued by PICA. Group policies are invested in Insurance Company Pooled Separate Accounts. Individual policies are invested in Registered Investment Companies (Mutual Funds). The value of interest in these policies is the cash surrender value (contract value) of the policies based on the underlying investments. The variable life insurance policies are valued at contract value which approximates fair value. Pension plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2024 As of December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Fixed maturities: U.S. government securities (federal) $ 0 $ 919 $ 0 $ 919 $ 0 $ 536 $ 0 $ 536 U.S. government securities (state & other) 0 273 0 273 0 365 0 365 Non-U.S. government securities 0 42 0 42 0 51 0 51 Corporate debt: Corporate bonds 0 2,035 6 2,041 0 2,480 9 2,489 Asset-backed 0 560 0 560 0 66 0 66 Collateralized mortgage obligations 0 453 0 453 0 447 0 447 Collateralized loan obligations 0 24 0 24 0 549 0 549 Interest rate swaps(1) 0 (12) 0 (12) 0 5 0 5 Registered investment companies 44 0 0 44 110 0 0 110 Common stock 20 0 0 20 20 0 0 20 Other(2) 22 1 29 52 63 (6) 82 139 Subtotal fixed maturities 86 4,295 35 4,416 193 4,493 91 4,777 Real estate: Partnerships 0 0 770 770 0 0 942 942 Other: Partnerships 0 0 2,437 2,437 0 0 2,142 2,142 Hedge funds 0 0 1,685 1,685 0 0 1,495 1,495 Subtotal other 0 0 4,122 4,122 0 0 3,637 3,637 Net assets in the fair value hierarchy $ 86 $ 4,295 $ 4,927 $ 9,308 $ 193 $ 4,493 $ 4,670 $ 9,356 Investments Measured at Net Asset Value, as a Practical Expedient(3): Pooled separate accounts $ 2,090 $ 2,222 Common/collective trusts 802 958 United Kingdom insurance pooled funds 93 113 Net assets at fair value $ 12,293 $ 12,649 __________ (1) Interest rate swaps notional amount is $1,227 million for the years ended December 31, 2024 and 2023. (2) This category primarily consists of cash and cash equivalents, short-term investments, payables and receivables, and open future contract positions (including fixed income collateral). (3) The pension plan excludes from the fair value hierarchy investments that are measured at NAV per share (or its equivalent) as a practical expedient to estimate fair value. U.S. equities totaled $37 million and $63 million at December 31, 2024 and 2023, respectively. International equities totaled $185 million and $237 million at December 31, 2024 and 2023, respectively. Fixed maturities totaled $2,186 million and $2,249 million at December 31, 2024 and 2023, respectively. Short-term investments totaled $67 million and $118 million at December 31, 2024 and 2023, respectively. Real estate totaled $510 million and $626 million at December 31, 2024 and 2023, respectively. Changes in Fair Value of Level 3 Pension Assets Fixed Maturities Real Other Corporate Bonds Other Partnerships Partnerships Hedge Fund (in millions) Fair Value, January 1, 2023 $ 0 $ 65 $ 1,004 $ 1,713 $ 1,455 Actual return on assets: Relating to assets still held at the reporting date 0 0 (57) 197 121 Relating to assets sold during the period 0 0 0 0 0 Purchases 12 0 (5) 232 (81) Sales (3) 0 0 0 0 Issuances 0 82 0 0 0 Settlements 0 (65) 0 0 0 Transfers in and/or out of Level 3 0 0 0 0 0 Fair Value, December 31, 2023 $ 9 $ 82 $ 942 $ 2,142 $ 1,495 Actual return on assets: Relating to assets still held at the reporting date 0 0 (95) 219 158 Relating to assets sold during the period 0 0 0 0 0 Purchases 0 0 (18) 76 32 Sales (3) 0 (59) 0 0 Issuances 0 29 0 0 0 Settlements 0 (82) 0 0 0 Transfers in and/or out of Level 3 0 0 0 0 0 Fair Value, December 31, 2024 $ 6 $ 29 $ 770 $ 2,437 $ 1,685 Postretirement plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2024 As of December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Equities: U.S. equities $ 0 $ 38 $ 0 $ 38 $ 0 $ 30 $ 0 $ 30 International equities 0 10 0 10 0 9 0 9 Subtotal equities 0 48 0 48 0 39 0 39 Fixed maturities: Equities 0 2 0 2 0 8 0 8 Subtotal fixed maturities 0 2 0 2 0 8 0 8 Short-term investments: Registered investment companies 46 0 0 46 40 0 0 40 Net assets in the fair value hierarchy $ 46 $ 50 $ 0 $ 96 $ 40 $ 47 $ 0 $ 87 Investments Measured at Net Asset Value, as a Practical Expedient(1): Common/collective trusts $ 148 $ 162 Net assets at fair value 244 249 Variable Life Insurance Policies at contract value 943 937 Total net assets $ 1,187 $ 1,186 __________ (1) The postretirement plan excludes from the fair value hierarchy investments that are measured at NAV per share (or its equivalent) as a practical expedient to estimate fair value and Variable Life Insurance Policies valued at contract value. U.S. equities totaled $192 million and $351 million at December 31, 2024 and 2023, respectively. International equities totaled $99 million and $88 million at December 31, 2024 and 2023, respectively. Fixed maturities totaled $652 million and $660 million at December 31, 2024 and 2023, respectively. (2) There were no changes in the fair value of Level 3 postretirement assets from December 31, 2023 through December 31, 2024. The expected benefit payments for the Company’s pension and postretirement plans for the years indicated are as follows: Pension Benefit Other (in millions) 2025 $ 1,148 $ 127 2026 850 127 2027 882 123 2028 892 112 2029 927 105 2030-2034 4,532 402 Total $ 9,231 $ 996 The Company anticipates that it will make cash contributions in 2025 of approximately $160 million to the pension plans and approximately $10 million to the postretirement plans. Postemployment Benefits The Company accrues postemployment benefits for income continuance and health and life benefits provided to former or inactive employees who are not retirees. The net accumulated liability for these benefits at December 31, 2024 and 2023 was $30 million and $27 million, respectively, and is included in “Other liabilities.” Other Employee Benefits The Company sponsors voluntary savings plans for employees (401(k) plans). The plans provide for salary reduction contributions by employees and matching contributions by the Company of up to 4% of annual salary. The matching contributions by the Company included in “General and administrative expenses” were $87 million, $79 million and $77 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Equity	EQUITY Preferred Stock As of December 31, 2024, 2023 and 2022, the Company had 10,000,000 shares of preferred stock authorized but none issued or outstanding. Common Stock On the date of demutualization in December 2001, Prudential Financial completed an initial public offering of its Common Stock. The shares of Common Stock issued were in addition to shares of Common Stock the Company distributed to policyholders as part of the demutualization. The Common Stock is traded on the New York Stock Exchange under the symbol “PRU.” In the event of a liquidation, dissolution or winding-up of the Company, holders of Common Stock would be entitled to receive a proportionate share of the net assets of the Company that remain after paying all liabilities and the liquidation preferences of any preferred stock. 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, 2021 666.3 290.0 376.3 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 14.5 (14.5) Stock-based compensation programs(1) 0.0 (4.2) 4.2 Balance, December 31, 2022 666.3 300.3 366.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 10.9 (10.9) Stock-based compensation programs(1) 0.0 (4.1) 4.1 Balance, December 31, 2023 666.3 307.1 359.2 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 8.6 (8.6) Stock-based compensation programs(1) 0.0 (4.0) 4.0 Balance, December 31, 2024 666.3 311.7 354.6 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs. Additional paid-in capital “Additional paid-in capital” primarily consists of the cumulative excess between: (a) the total cash received by the Company in conjunction with past issuances of Common Stock shares or Common Stock shares reissued from treasury in conjunction with the Company’s stock-based compensation program and (b) the total par value associated with those shares ($.01 per share). Common stock held in treasury Common Stock held in treasury represents the Company’s previously issued shares of stock which have been repurchased by the Company but not retired. These shares are accounted for at the cost at which they were acquired. Common Stock held in treasury is typically impacted by repurchases of shares under the Board of Directors approved share repurchase program and by reissuances of shares associated with the Company’s stock-based compensation programs, or for other purposes, which are accounted for at average cost upon reissuance. Gains resulting from the reissuance of Common Stock held in treasury are credited to “Additional paid-in capital.” Losses resulting from the reissuance of Common Stock held in treasury are charged first to “Additional paid-in capital” to the extent the Company has previously recorded gains on treasury share transactions, then to “Retained earnings.” The Board of Directors may from time to time, at its discretion, authorize management to repurchase shares of Common Stock of the Company. The timing and amount of share repurchases are determined by management based upon market conditions and other considerations, and such repurchases may be executed in the open market, through derivative, accelerated repurchase and other negotiated transactions and through plans complying with Rule 10b5-1(c) under the Securities Exchange Act of 1934 (the “Exchange Act”), as amended. 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. The following table summarizes share repurchases for each of the past three years as well as the share repurchase authorization for 2025, which was approved by the Board of Directors in December 2024: January 1, 2025 - December 31, 2025 January 1, 2024 - December 31, 2024 January 1, 2023 - December 31, 2023 January 1, 2022 - December 31, 2022 Total Board authorized share repurchase amount ($ in billions) $ 1.0 $ 1.0 $ 1.0 $ 1.5 Total number of shares repurchased under this authorization as of the period end (in millions) N/A* 8.6 10.9 14.5 __________ * Share repurchase authorization for a future period. Dividends declared per share of Common Stock are as follows for the years indicated: 2024 2023 2022 Dividends declared per share of Common Stock $ 5.20 $ 5.00 $ 4.80 Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Consolidated Statements of Comprehensive Income. Each of the components that comprise OCI are described in further detail in Note 2 (Foreign Currency Translation Adjustment and Net Unrealized Investment Gains (Losses)), Note 12 (Interest rate remeasurement of Liability for Future Policy Benefits), Note 14 (Gains (losses) from Changes in Nonperformance Risk on Market Risk Benefits) and Note 19 (Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)). The balance of and changes in each component of AOCI as of and for the years ended December 31, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (Losses) from Changes in Nonperformance 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 (1,145) (56,430) 63,643 938 478 7,484 Amounts reclassified from AOCI 15 586 0 0 157 758 Income tax benefit (expense) (37) 13,010 (15,181) (197) (150) (2,555) Balance, December 31, 2022 $ (2,274) $ (16,194) $ 15,242 $ 1,448 $ (2,028) $ (3,806) Change in OCI before reclassifications (246) 5,076 (8,770) (693) (98) (4,731) Amounts reclassified from AOCI (18) 1,143 0 0 71 1,196 Income tax benefit (expense) (148) (1,238) 2,075 145 3 837 Balance, December 31, 2023 $ (2,686) $ (11,213) $ 8,547 $ 900 $ (2,052) $ (6,504) Change in OCI before reclassifications (811) (12,822) 11,804 (466) (234) (2,529) Amounts reclassified from AOCI (41) 2,697 0 0 30 2,686 Income tax benefit (expense) (77) 2,651 (3,045) 98 9 (364) Balance, December 31, 2024 $ (3,615) $ (18,687) $ 17,306 $ 532 $ (2,247) $ (6,711) __________ (1) Includes cash flow hedges of $1,780 million, $869 million and $2,616 million as of December 31, 2024, 2023, and 2022, respectively, and fair value hedges of $(64) million, $(60) million, and $(54) million as of December 31, 2024, 2023, and 2022, respectively. Reclassifications out of Accumulated Other Comprehensive Income (Loss) Years Ended December 31, Affected line item in Consolidated 2024 2023 2022 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustment $ 41 $ 18 $ (15) Realized investment gains (losses), net Foreign currency translation adjustment 0 0 0 Other income (loss) Total foreign currency translation adjustment 41 18 (15) Net unrealized investment gains (losses): Cash flow hedges—Interest Rate (30) (38) (7) (3) Cash flow hedges—Currency 3 14 15 (3) Cash flow hedges—Currency/Interest rate 612 200 897 (3) Fair value hedges—Currency (10) (8) (4) (3) Net unrealized investment gains (losses) on available-for-sale securities (3,272) (1,311) (1,487) Realized investment gains (losses), net Total net unrealized investment gains (losses) (2,697) (1,143) (586) (4) Amortization of defined benefit items: Prior service cost 68 8 9 (5) Actuarial gain (loss) (98) (79) (166) (5) Total amortization of defined benefit items (30) (71) (157) Total reclassifications for the period $ (2,686) $ (1,196) $ (758) __________ (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 future policy benefits and policyholders’ dividends. (5) See Note 19 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 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 Net Unrealized Gains (Losses) on All Other Investments(1) Reinsurance Recoverables Future Policy Policyholders' Dividends Income Tax Benefit (Expense) AOCI Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2021 $ 23 $ 40,415 $ 417 $ (1,921) $ (3,657) $ (8,637) $ 26,640 Net investment gains (losses) on investments arising during the period (90) (65,938) 15,164 (50,864) Reclassification adjustment for (gains) losses included in net income 23 563 (135) 451 Reclassification due to allowance for credit losses recorded during the period (1) 1 0 0 Impact of net unrealized investment (gains) losses (1,120) 3,867 6,851 (2,019) 7,579 Balance, December 31, 2022 $ (45) $ (24,959) $ (703) $ 1,946 $ 3,194 $ 4,373 $ (16,194) Net investment gains (losses) on investments arising during the period 15 6,595 (1,327) 5,283 Reclassification adjustment for (gains) losses included in net income (3) 1,146 (229) 914 Reclassification due to allowance for credit losses recorded during the period (39) 39 0 0 Impact of net unrealized investment (gains) losses 219 (640) (1,113) 318 (1,216) Balance, December 31, 2023 $ (72) $ (17,179) $ (484) $ 1,306 $ 2,081 $ 3,135 $ (11,213) Net investment gains (losses) on investments arising during the period (24) (12,703) 3,339 (9,388) Reclassification adjustment for (gains) losses included in net income 97 2,600 (708) 1,989 Reclassification due to allowance for credit losses recorded during the period 5 (5) 0 0 Impact of net unrealized investment (gains) losses 215 (325) 15 20 (75) Balance, December 31, 2024 $ 6 $ (27,287) $ (269) $ 981 $ 2,096 $ 5,786 $ (18,687) __________ (1) Includes cash flow and fair value hedges. See Note 5 for additional information. Retained earnings Retained earnings primarily represents the cumulative net income earned by the Company that has been retained by the Company as of the reporting date. Other unique items, included but not limited to the adoption of new accounting standards updates, may also impact retained earnings. In any given period, retained earnings may increase due to net income and may decrease due to net losses or the declaration of dividends. The declaration and payment of dividends on the Common Stock is limited by New Jersey corporate law, pursuant to which Prudential Financial is prohibited from paying a Common Stock dividend if, after giving effect to that dividend, either (a) the Company would be unable to pay its debts as they become due in the usual course of its business or (b) the Company’s total assets would be less than its liabilities. In addition, the terms of the Company’s outstanding junior subordinated debt include a “dividend stopper” provision that restricts the payment of dividends on the Common Stock if interest payments are not made on the junior subordinated debt. Other than the above limitations, the Company’s Retained earnings balance is free of restrictions for the payment of Common Stock dividends; however, Common Stock dividends will be dependent upon financial conditions, results of operations, cash needs, future prospects and other factors, including cash available to Prudential Financial, the parent holding company. The principal sources of funds available to Prudential Financial are dividends and returns of capital from its subsidiaries, loans from its subsidiaries, repayments of operating loans from its subsidiaries, and cash and other highly liquid assets. The primary uses of funds at Prudential Financial include servicing its debt, operating expenses, capital contributions and loans to subsidiaries, the payment of declared shareholder dividends and repurchases of outstanding shares of Common Stock if executed under Board authority. As of December 31, 2024, Prudential Financial had highly liquid assets (excluding amounts held in an intercompany liquidity account) of $4,641 million predominantly including cash, short-term investments, U.S. Treasury securities, obligations of other U.S. government authorities and agencies, and/or foreign government bonds. Future cash available at Prudential Financial to support the payment of future Common Stock dividends is dependent on the receipt of dividends or other funds from its subsidiaries, the majority of which are subject to comprehensive regulation, including limitations on their payment of dividends and other transfers of funds, which are discussed in this Note further below. Noncontrolling interests For certain subsidiaries, the Company owns a controlling interest that is less than 100% ownership of the subsidiary but must consolidate 100% of the subsidiary’s financial statements in accordance with U.S. GAAP. Noncontrolling interests represent the portion of equity ownership in a consolidated subsidiary that is not attributable to the Company. Insurance Subsidiaries - Statutory Financial Information and Restrictions on Payments of Dividends U.S. Insurance Subsidiaries—Statutory Financial Information The Company’s domestic insurance subsidiaries are required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile. Statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. The risk-based capital (“RBC”) ratio is a primary measure by which the Company and its insurance regulators evaluate the capital adequacy of PICA and the Company’s other domestic insurance subsidiaries. RBC is determined by NAIC-prescribed formulas that consider, among other things, risks related to the type and quality of the invested assets, insurance-related risks associated with an insurer’s products and liabilities, interest rate risks and general business risks. The RBC ratio is equal to an insurer’s total adjusted capital divided by the minimum amount of statutory capital and surplus needed by the insurer to support its operations, which is referred to as its “company action level RBC.” Insurers that have less statutory capital than required by their company action level RBC are considered to have inadequate capital and are subject to varying degrees of regulatory action depending upon the level of capital inadequacy. The Company expects to report RBC ratios for PICA and its other domestic insurance subsidiaries as of December 31, 2024 above the 100% regulatory required minimum that would require corrective action and above PICA’s target level that would support a “AA” financial strength rating. The following table summarizes certain statutory financial information for the Company’s U.S. insurance subsidiary as of and for the years ended: PICA December 31, 2024 December 31, 2023 December 31, 2022 (in millions) Statutory net income (loss) $ 1,245 $ 1,732 $ 1,116 Statutory capital and surplus $ 15,753 $ 16,085 $ 14,049 U.S. Insurance Subsidiaries—Restrictions on Payment of Dividends to Prudential Financial, the Parent Holding Company With respect to PICA, a New Jersey domiciled insurance subsidiary which is also the Company’s primary domestic insurance subsidiary, New Jersey insurance law provides that, except in the case of extraordinary dividends (as described below), all dividends or other distributions paid by PICA may be paid only from unassigned surplus, as determined pursuant to statutory accounting principles, less cumulative unrealized investment gains and losses and revaluation of assets as of the prior calendar year-end. As of December 31, 2024, PICA’s unassigned surplus less applicable adjustments for cumulative unrealized investment gains was $3,444 million. PICA must give prior notification to the NJDOBI of its intent to pay any such dividend or distribution. Also, if any dividend, together with other dividends or distributions made within the preceding twelve months, exceeds the greater of (i) 10% of statutory capital and surplus as of the preceding December 31 or (ii) its statutory net gain from operations excluding realized investment gains and losses for the twelve-month period ending on the preceding December 31, the dividend is considered to be an “extraordinary dividend” and requires the prior approval of the NJDOBI. Under New Jersey insurance law, PICA is permitted to pay an ordinary dividend of up to $1,575 million in 2025, without prior approval of the NJDOBI. Of the $1,575 million, $275 million is permitted to be paid after March 28, 2025, an additional $400 million is permitted to be paid after June 27, 2025 and the remaining $900 million is permitted to be paid after December 27, 2025, without prior approval of the NJDOBI. International Insurance Subsidiaries—Statutory Financial Information The Company’s international insurance subsidiaries prepare financial statements in accordance with local regulatory requirements. These statutory accounting practices differ from U.S. GAAP primarily by charging policy acquisition costs to expense as incurred and establishing future policy benefit liabilities using different actuarial assumptions, as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. The Japan Financial Services Agency (“FSA”) utilizes a solvency margin ratio to evaluate the capital adequacy of Japanese insurance companies. The solvency margin ratio considers the level of solvency margin capital to a solvency margin risk amount, which is calculated in a similar manner to RBC. As of December 31, 2024, the Company expects The Prudential Life Insurance Company Ltd. (“Prudential of Japan”) and Gibraltar Life both had solvency margin capital in excess of 3.5 times the regulatory required minimums that would require corrective action. All of the Company’s domestic and international insurance subsidiaries have capital and surplus levels that exceed their respective regulatory minimum requirements, and none utilized prescribed or permitted practices that vary materially from the practices prescribed by the NAIC or equivalent regulatory bodies for results reported as of December 31, 2024 and 2023, respectively, or for the years ended December 31, 2024, 2023 and 2022, respectively. International Insurance Subsidiaries—Restrictions on Payment of Dividends to Prudential Financial, the Parent Holding Company The Company’s international insurance operations are subject to dividend restrictions from the regulatory authorities in the jurisdictions in which they operate. With respect to Prudential of Japan and Gibraltar Life, the Company’s most significant international insurance subsidiaries, both of which are domiciled in Japan, Japan law provides that common stock dividends may be paid in an amount of up to 83% of prior fiscal year statutory after-tax earnings, after certain reserving thresholds are met, including providing for policyholder dividends. If statutory retained earnings exceed 100% of statutory paid-in capital, 100% of prior year statutory after-tax earnings may be paid, after reserving thresholds are met. Dividends in excess of these amounts and other forms of capital distribution may require the prior approval of the FSA. Additionally, Prudential of Japan and Gibraltar Life must give prior notification to the FSA of their intent to pay any dividend or distribution. For the year ended December 31, 2024, Prudential Financial received $585 million from its international insurance subsidiaries and $800 million from a holding company. In addition to paying Common Stock dividends, the Company’s international insurance operations may return capital to Prudential Financial through, or facilitated by, other means, such as the repayment of Preferred Stock obligations held by Prudential Financial or other affiliates, affiliated lending, affiliated derivatives and reinsurance with U.S.- and Bermuda-based affiliates. The Company’s Japan insurance operations have entered into reinsurance agreements with Gibraltar Re, the Company’s Bermuda-based reinsurance affiliate, as well as with the Company’s domestic insurance operations to reinsure the mortality and morbidity risk associated with a portion of the in-force contracts as well as newly-issued contracts for certain products. The Company expects these transactions will allow it to more efficiently manage its capital and risk profile. The current regulatory fiscal year end for both Prudential of Japan and Gibraltar Life is March 31, 2025, after which time the common stock dividend amount permitted to be paid without prior approval from the FSA can be determined. In addition, although prior regulatory approval may not be required by law for the payment of dividends up to the limitations described above, in practice, the Company would typically discuss any dividend payments with the applicable regulatory authority prior to payment. Additionally, the payment of dividends by the Company’s subsidiaries is subject to declaration by their Board of Directors and may be affected by market conditions and other factors.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2024
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 years ended December 31, is as follows: 2024 2023 2022 Income Weighted Per Share Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 2,846 $ 2,508 $ (1,675) Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 119 20 (28) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 32 29 25 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 2,695 357.5 $ 7.54 $ 2,459 363.5 $ 6.76 $ (1,672) 372.3 $ (4.49) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 32 $ 29 $ 25 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 32 29 25 Stock options 0.3 0.2 0.0 Deferred and long-term compensation programs 1.5 0.9 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 2,695 359.3 $ 7.50 $ 2,459 364.6 $ 6.74 $ (1,672) 372.3 $ (4.49) __________ (1) For the year ended December 31, 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 year ended December 31, 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 years ended December 31, 2024, 2023 and 2022, as applicable, were based on 4.0 million, 4.1 million and 4.9 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 years ended December 31, 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: 2024 2023 2022 Shares Exercise Shares Exercise Shares Exercise (in millions, except per share amounts, based on Antidilutive stock options based on application of the treasury stock method 0.1 $ 110.42 1.2 $ 102.63 0.5 $ 108.19 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.0 0.4 Antidilutive shares based on application of the treasury stock method 0.0 0.1 0.1 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 2.0 Total antidilutive stock options and shares 0.1 1.3 3.0

Share-Based Payments

Share-Based Payments	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement	SHARE-BASED PAYMENTS Omnibus Incentive Plan Prudential Financial, Inc.’s Omnibus Incentive Plan provides stock-based awards including stock options, stock appreciation rights, restricted stock shares, restricted stock units, stock settled performance shares, and cash settled performance units. Dividend equivalents are generally provided on restricted stock shares and restricted stock units outstanding as of the record date. Dividend equivalents are generally accrued on target performance shares and units outstanding as of the record date. These dividend equivalents are paid only on the performance shares and units released up to a maximum of the target number of shares and units awarded. Generally, the requisite service period is the vesting period. There were 13,684,720 authorized shares available for grant under the Omnibus Incentive Plan as of December 31, 2024. Assurance IQ Acquisition The Company acquired AIQ on October 10, 2019. The terms of the acquisition included compensation awards that involved share-based payment arrangements that are linked to retention and therefore fall under the reporting requirements of ASC 718, Stock Compensation. These compensation awards include stock options, restricted stock units and performance shares. Compensation Costs Compensation cost for restricted stock units, performance shares and performance units granted to employees is measured by the share price of the underlying Common Stock at the date of grant. Compensation cost for employee stock options is based on the fair values estimated on the grant date. Under the Omnibus Incentive Plan, the fair value of each stock option award is estimated using a binomial option pricing model on the date of grant for stock options issued to employees. For the awards related to the AIQ acquisition, the fair value of each stock option award is based on its intrinsic value on the date of grant. There were no stock options granted in 2024, 2023 and 2022. Expected volatility is based on historical volatility of Prudential Financial’s Common Stock and implied volatility from traded options on Prudential Financial’s Common Stock. The Company uses historical data and expectations of future exercise patterns to estimate option exercises and employee terminations within the valuation model. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods associated with the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The following table summarizes the compensation cost recognized and the related income tax benefit for stock options, restricted stock units, performance shares and performance units for the years ended December 31: 2024 2023 2022 Omnibus Incentive Plan: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 0 $ 0 $ 0 $ 0 $ 1 $ 0 Employee restricted stock units 200 47 200 47 189 44 Employee performance shares and performance units 114 27 54 12 18 4 Total $ 314 $ 74 $ 254 $ 59 $ 208 $ 48 __________ (1) Compensation costs related to retirement eligible participants are recorded on the grant date (typically in the first quarter of every year). On January 10, 2024, the Board of Directors of Prudential Financial, Inc. adopted certain modifications to the terms and conditions of performance shares granted in 2021, 2022, and 2023. These modifications 1) mitigate the impact of outsized interest rate volatility, both positive and negative, as it relates to achieving adjusted book value per share growth goals, and 2) reduce certain book value per share goals and maximum payout opportunities. The impact from these modifications increased shares to be delivered to 161 employees across all three performance plans by a total of approximately 600,000 shares. In addition, total compensation costs resulting from these modifications increased by approximately $62 million. 2024 2023 2022 Assurance IQ Acquisition: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 0 $ 0 $ 2 $ 1 $ 10 $ 2 Employee restricted stock units 0 0 1 0 2 1 Employee performance shares 0 0 0 0 0 0 Total $ 0 $ 0 $ 3 $ 1 $ 12 $ 3 Compensation costs related to stock-based compensation plans capitalized in deferred acquisition costs for the years ended December 31, 2024, 2023 and 2022 were de minimis. Stock Options Each stock option granted under the Omnibus Incentive Plan has an exercise price at the fair market value of Prudential Financial’s Common Stock on the date of grant and has a maximum term of 10 years. Generally, one third of the option grant vests in each of the first three years. Options granted related to the AIQ acquisition have an exercise price based on the original strike price of the AIQ options that they replaced and have a maximum term of 10 years from the date the AIQ options were originally granted. Options granted related to the AIQ acquisition generally vest quarterly over three years. A summary of the status of the Company’s stock option grants is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Shares Weighted Average Shares Weighted Average Outstanding at December 31, 2023 1,700,332 $ 95.22 18,358 $ 1.53 Granted 0 0.00 0 0.00 Exercised (1,037,398) 94.74 (15,949) 1.64 Forfeited 0 0.00 0 0.00 Expired (1,039) 84.53 (238) 7.56 Outstanding at December 31, 2024 661,895 $ 96.00 2,171 $ 0.09 Exercisable at December 31, 2024 661,895 $ 96.00 2,171 $ 0.09 There were no stock options granted for the years 2024, 2023 or 2022. No AIQ acquisition related options were granted in 2024, 2023 or 2022. The total intrinsic value (i.e., market price of the stock less the option exercise price) of employee stock options exercised during the years ended December 31, 2024, 2023 and 2022 was $26 million, $8 million, and $33 million, respectively. For the AIQ acquisition related awards, the total intrinsic value of employee stock options exercised during the years ended December 31, 2024, 2023 and 2022 was $2 million, $3 million and $15 million, respectively. The weighted average remaining contractual term and the aggregate intrinsic value of stock options outstanding and exercisable as of December 31, 2024 is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Weighted Average Aggregate Weighted Average Aggregate (in years) (in millions) (in years) (in millions) Outstanding 3.28 years $ 15 0.25 years $ 0 Exercisable 3.28 years $ 15 0.25 years $ 0 Restricted Stock Units, Performance Share Awards and Performance Unit Awards A restricted stock unit is an unfunded, unsecured right to receive a share of Prudential Financial’s Common Stock at the end of a specified period of time, which is subject to forfeiture and transfer restrictions. Generally, the restrictions will lapse one third annually over 3 years. Performance shares and performance units are awards denominated in Prudential Financial’s Common Stock. The number of units is determined over the performance period and may be adjusted based on the satisfaction of certain performance goals for the Company. Performance share awards are payable in Prudential Financial’s Common Stock. Performance unit awards are payable in cash. Effective October 2019, the Company no longer grants performance unit awards. Any residual compensation costs have been recorded and disclosed above through 2022. A summary of the Company’s restricted stock unit and performance share awards under the Omnibus Incentive Plan is as follows: Restricted Weighted Performance Share Awards(1) Weighted Restricted at December 31, 2023 4,058,190 $ 103.48 2,102,693 $ 103.72 Granted 2,146,030 102.66 709,411 97.67 Forfeited (276,716) 105.56 (72,428) 105.88 Performance adjustment(2) 0 0.00 (40,560) 103.71 Released (2,008,167) 100.26 (775,967) 103.48 Restricted at December 31, 2024 3,919,337 $ 104.53 1,923,149 $ 101.50 __________ (1) Performance share awards reflect the target units awarded, reduced for forfeitures and releases to date. The actual number of units to be awarded at the end of each performance period will range between 0% and 150% of the target number of units granted, based upon a measure of the reported performance for the Company relative to stated goals. Performance awards granted to senior management in 2021 include a stated goal related to diversity & inclusion that can modify the performance result by +/- 10%. (2) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company. A summary of the Company’s restricted stock unit awards related to the AIQ acquisition is as follows: Restricted Weighted Restricted at December 31, 2023 4,101 $ 87.67 Granted 0 0.00 Forfeited (485) 87.67 Released (3,616) 87.67 Restricted at December 31, 2024 0 $ 0.00 The fair market value of restricted stock units and performance shares released under the Omnibus Incentive Plan for the years ended December 31, 2024, 2023 and 2022 was $302 million, $360 million and $366 million, respectively. The fair market value of restricted stock units released for the AIQ acquisition related awards under the Omnibus Incentive Plan for the years ended December 31, 2024, 2023 and 2022 was less than $1 million, $1 million and $2 million, respectively. The weighted average grant date fair value for restricted stock units granted under the Omnibus Incentive Plan during the years ended December 31, 2024, 2023 and 2022 was $102.66, $102.64 and $119.71, respectively. The weighted average grant date fair value for performance shares granted under the Omnibus Incentive Plan during the years ended December 31, 2024, 2023 and 2022 was $97.67, $103.27 and $121.29, respectively. There were no restricted stock units granted for the AIQ acquisition during the year ended December 31, 2024, 2023 and 2022. Unrecognized Compensation Cost There was no unrecognized compensation cost for stock options under the Omnibus Incentive Plan as of December 31, 2024. Unrecognized compensation cost for restricted stock units and performance shares under the Omnibus Incentive Plan as of December 31, 2024 was $174 million with a weighted average recognition period of 1.69 years. There was no unrecognized compensation cost for stock options or restricted units related to the AIQ acquisition as of December 31, 2024. Tax Benefits Realized The Company’s tax benefit realized for exercises of stock options under the Omnibus Incentive Plan during the years ended December 31, 2024, 2023 and 2022 was $3 million, $2 million and $8 million, respectively. The tax benefit realized for exercises of stock options related to the AIQ acquisition during the years ended December 31, 2024, 2023 and 2022 was less than $1 million, $1 million and $4 million, respectively. The Company’s tax benefit realized upon vesting of restricted stock units, performance shares and performance units under the Omnibus Incentive Plan for the years ended December 31, 2024, 2023 and 2022 was $60 million, $77 million and $75 million, respectively. The tax benefit realized upon vesting of restricted stock units related to the AIQ acquisition during the years ended December 31, 2023, 2022 and 2021 was less than $1 million, less than $1 million and less than $1 million, respectively. Settlement of Awards The Company’s policy is to issue shares from Common Stock held in treasury upon exercise of stock options, the release of restricted stock units and performance shares. The Company uses cash to settle performance units. The amount of cash used to settle performance units during the years ended December 31, 2024, 2023 and 2022 were $0, $0 and $1 million, respectively. As of December 31, 2022, there were no longer any performance units outstanding.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2024
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. 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. The PGIM segment provides investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies, to institutional and retail clients globally, as well as the Company’s insurance and retirement businesses. The U.S. Businesses offer a broad range of products and solutions that cover protection, retirement, savings, income and investment needs. The U.S. Businesses are organized into the following segments: • The Retirement Strategies segment, including the Institutional and Individual Retirement Strategies businesses, respectively provides a broad range of retirement investment and income products and services to retirement plan sponsors in the public, private and not-for-profit sectors, and develops and distributes individual variable and fixed annuity products, primarily to the U.S. mass affluent and affluent markets. • The Group Insurance segment provides a full range of group life, long-term and short-term group disability, and group corporate-, bank- and trust-owned life insurance in the U.S. primarily to institutional clients for use in connection with employee and membership benefits plans. In addition, the segment sells accidental death and dismemberment and other supplemental health solutions and provides plan administration services in connection with its insurance coverages. • The Individual Life segment develops and distributes variable life, universal life and term life insurance products primarily to the U.S. mass middle, mass affluent and affluent markets. The International Businesses segment develops and distributes life insurance, retirement products, investment products and certain accident and health products with fixed benefits to mass affluent and affluent customers through its Life Planner operations in Japan, Brazil and Mexico. Its Gibraltar Life and Other operations also provide similar products, as well as advisory and administration services to broad middle income and mass affluent customers across Japan, and through joint ventures in Chile, China, India and Indonesia, and strategic investments in Ghana, Kenya and South Africa through multiple distribution channels (including Life Consultants, banks and independent agencies). The Closed Block division includes certain in-force participating insurance and annuity products and corresponding assets that are used for the payment of benefits, expenses and policyholders’ dividends related to these products, as well as certain related assets and liabilities. In connection with demutualization, the Company ceased offering these participating products. 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 the Company’s Corporate and Other operations. See Note 16 for additional information regarding the Closed Block. Corporate and Other Operations consists primarily of: (1) capital that is not deployed in any business segment; (2) investments not allocated to business segments; (3) capital debt; (4) the Company’s qualified and non-qualified pension and other employee benefit plans, after allocations to business segments; (5) corporate-level activities, after allocations to business segments, primarily including strategic expenditures, acquisition and disposition costs, corporate governance, corporate advertising, philanthropic activities, deferred compensation, and costs related to certain contingencies and legal matters; (6) expenses associated with the multi-year plan of programs that span across the Company’s businesses and the functional areas that support those businesses; (7) certain retained obligations relating to pre-demutualization policyholders; (8) impacts of risk management activities pursuant to the Company’s Risk Appetite Framework; (9) the foreign currency income hedging program used to hedge certain non-U.S. dollar denominated earnings in the International Businesses segment; (10) intercompany arrangements with the International Businesses and PGIM segments to translate certain non-U.S. dollar-denominated earnings at fixed currency exchange rates; (11) results of certain consolidated investment funds managed by the Company’s PGIM business; (12) Prudential Advisors, Prudential’s proprietary nationwide sales organization; (13) the Company’s share of earnings in Prismic as well as the invested assets supporting the contracts reinsured via coinsurance with funds withheld arrangements and the offsetting funds withheld payable; and (14) transactions with and between other segments, including the elimination of intercompany transactions for consolidation purposes. Segment Accounting Policies. The accounting policies of the segments are the same as those described in Note 2. Results for each segment include earnings on attributed equity established at a level which management considers necessary to support each segment’s risks. Operating expenses specifically identifiable to a particular segment are allocated to that segment as incurred. Operating expenses not identifiable to a specific segment that are incurred in connection with the generation of segment revenues are generally allocated based upon the segment’s historical percentage of general and administrative expenses. For information related to significant acquisitions and dispositions, see Note 1. For information related to the adoption of new accounting pronouncements, see Note 2. The segments’ results in prior years have been revised for these items, as applicable, to conform to current year 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 joint ventures and other operating entities” or “Net income (loss)” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the chief executive officer, who is the Company’s chief operating decision maker (“CODM”), and is the measure of segment performance presented below. The CODM uses adjusted operating income to (1) evaluate segment performance; (2) allocate resources and capital, predominantly during the annual budgeting and planning processes; and (3) consider variances to pre-established targets during the compensation process. 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. Adjusted operating income is calculated by adjusting each segment’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” for the following items which are important to an understanding of overall results of operations, and are described in greater detail below: • Realized investment gains (losses), net, and related charges and adjustments; • 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 joint ventures and other operating entities and earnings attributable to noncontrolling interests; and • Other adjustments. During the fourth quarter of 2024, the Company identified an immaterial error in the application of adjusted operating income, which resulted in an overstatement thereof for indexed variable and fixed annuity products within the Retirement Strategies segment in the first three quarters of 2024 and each of the four quarters of 2023. As a result, the Company has voluntarily revised its historical adjusted operating income for the relevant periods, resulting in decreases in pre-tax adjusted operating income of $149 million (unaudited) for the nine months ended September 30, 2024, and $55 million for the year ended December 31, 2023. Realized investment gains (losses), net, and related charges and adjustments Realized investment gains (losses), net Adjusted operating income excludes “Realized investment gains (losses), net,” except for certain items described below. Significant activity excluded from adjusted operating income includes impairments and credit-related gains (losses) from sales of securities, the timing of which depends largely on market credit cycles and can vary considerably across periods, and interest rate-related gains (losses) from sales of securities, which are largely subject to the Company’s discretion and influenced by market opportunities, as well as the Company’s tax and capital profile. Additionally, adjusted operating income excludes realized investment gains (losses) from products that contain embedded derivatives, and from associated derivative portfolios that are part of an asset/liability management program related to the risk of those products, as well as from investment performance of invested assets and embedded derivatives associated with certain coinsurance with funds withheld and modified coinsurance reinsurance arrangements. The following table sets forth the significant components of “Realized investment gains (losses), net” that are included in adjusted operating income and, as a result, are reflected as adjustments to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2024 2023 2022 (in millions) Net gains (losses) from(1): Terminated hedges of foreign currency earnings $ (11) $ (32) $ 22 Current period yield adjustments $ 216 $ 467 $ 515 Principal source of earnings $ 50 $ 1 $ 245 __________ (1) In addition to the items in the table above, “Realized investment gains (losses), net, and related charges and adjustments” also includes an adjustment to reflect “Realized investment gains (losses), net” related to Divested and Run-off Businesses. See “Divested and Run-off Businesses” discussed below. Terminated Hedges of Foreign Currency Earnings. The amounts shown in the table above primarily reflect the impact of an intercompany arrangement between Corporate and Other operations and the International Businesses segment, pursuant to which the non-U.S. dollar-denominated earnings in all countries for a particular year, including its interim reporting periods, are translated at fixed currency exchange rates. The fixed rates are determined in connection with a currency hedging program designed to mitigate the risk that unfavorable rate changes will reduce the segment’s U.S. dollar-equivalent earnings. Pursuant to this program, the Company’s Corporate and Other operations may execute forward currency contracts with third parties to sell the net exposure of projected earnings from the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these contracts correspond with the future periods in which the identified non-U.S. dollar-denominated earnings are expected to be generated. These contracts do not qualify for hedge accounting under U.S. GAAP, so the resulting profits or losses are recorded in “Realized investment gains (losses), net.” When the contracts are terminated in the same period that the expected earnings emerge, the resulting positive or negative cash flow effect is included in adjusted operating income. Current Period Yield Adjustments. The Company uses interest rate and currency swaps and other derivatives to manage interest and currency exchange rate exposures arising from mismatches between assets and liabilities, including duration mismatches. For derivative contracts that do not qualify for hedge accounting treatment, the periodic swap settlements, as well as certain other derivative related yield adjustments are recorded in “Realized investment gains (losses), net,” and are included in adjusted operating income to reflect the after-hedge yield of the underlying instruments. In certain instances, when these derivative contracts are terminated or offset before their final maturity, the resulting realized gains or losses are recognized in adjusted operating income over periods that generally approximate the expected terms of the derivatives or underlying instruments in order for adjusted operating income to reflect the after-hedge yield of the underlying instruments. Included in the amounts shown in the table above are gains (losses) on certain derivative contracts that were terminated or offset before their final maturity of $140 million, $178 million and $100 million for the years ended 2024, 2023 and 2022, respectively. As of December 31, 2024, there was a $466 million deferred net gain related to certain derivative contracts that were terminated or offset before their final maturity, primarily within the Individual Retirement Strategies business and International Businesses. Also included in the amounts shown in the table above are fees related to synthetic GICs of $100 million, $107 million and $113 million for the years ended 2024, 2023 and 2022, respectively. Synthetic GICs are accounted for as derivatives under U.S. GAAP and, therefore, these fees are recorded in “Realized investment gains (losses), net.” See Note 5 for additional information regarding synthetic GICs. Principal Source of Earnings. The Company conducts certain activities for which realized investment gains (losses) are a principal source of earnings for its businesses and are therefore included in adjusted operating income, particularly within the Company’s PGIM segment. For example, PGIM’s strategic investing business makes investments for sale or syndication to other investors or for placement or co-investment in the Company’s managed funds and structured products. The realized investment gains (losses) associated with the sale of these strategic investments, as well as the majority of derivative results, are a principal activity for this business and included in adjusted operating income. In addition, the realized investment gains (losses) associated with loans originated by the Company’s commercial mortgage operations, as well as related derivative results and retained mortgage servicing rights, are a principal activity for this business and are therefore included in adjusted operating income. Adjustments related to Realized investment gains (losses), net The following table sets forth certain other items excluded from adjusted operating income and reflected as an adjustment to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2024 2023 2022 (in millions) Net gains (losses) from: Investments carried at fair value through net income $ (337) $ 754 $ (1,562) Foreign currency exchange movements $ (76) $ (123) $ 286 Other activities(1) $ (1) $ (10) $ (33) __________ (1) Prior period amounts have been updated to conform to current period presentation. Investments carried at fair value through net income. The Company has certain investments in its general account portfolios that are carried at fair value with changes in fair value reported in “Other income (loss).” Examples include the Company’s investments in equity securities and fixed maturities designated as trading. Consistent with the exclusion of realized investment gains (losses) with respect to other investments managed on a consistent basis, the net gains or losses on these investments are excluded from adjusted operating income. Foreign Currency Exchange Movements. The Company has certain assets and liabilities for which, under U.S. GAAP, the changes in value, including those associated with changes in foreign currency exchange rates during the period, are recorded in “Other income (loss).” To the extent the foreign currency exposure on these assets and liabilities is economically hedged or considered part of the Company’s capital funding strategies for its international subsidiaries, the change in value included in “Other income (loss)” is excluded from adjusted operating income. The insurance liabilities are supported by investments denominated in corresponding currencies, including a significant portion designated as available-for-sale. While these non-yen denominated assets and liabilities are economically hedged, unrealized gains (losses) on available-for-sale investments, including those arising from foreign currency exchange rate movements, are recorded in AOCI under U.S. GAAP, while the non-yen denominated liabilities are remeasured for foreign currency exchange rate movements, with the related change in value recorded in earnings within “Other income (loss).” Due to this non-economic volatility that has been reflected in U.S. GAAP earnings, the change in value recorded within “Other income (loss)” is excluded from adjusted operating income. Other Activities. The Company excludes certain other items from adjusted operating income that are consistent with similar adjustments described above. Charges related to realized investment gains (losses), net Charges that relate to realized investment gains (losses) are also excluded from adjusted operating income, and include the following: • Policyholder dividends and interest credited to policyholders’ account balances that relate to certain life policies that pass back certain realized investment gains (losses) to the policyholder, and reserves for future policy benefits for certain policies that are affected by net realized investment gains (losses); and • Market value adjustments paid or received upon a contractholder’s surrender of certain of the Company’s annuity products as these amounts mitigate the net realized investment gains or losses incurred upon the disposition of the underlying invested assets. Change in value of market risk benefits, net of related hedging gains (losses) 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 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. See Note 2 for additional information regarding market risk benefits. Market experience updates “Market experience updates” represent the immediate impacts from changes in current market conditions on estimates of profitability and the impact of those changes on reserves, primarily related to variable and universal life products. These amounts are excluded from adjusted operating income, which the Company believes enhances the understanding of underlying performance trends. Divested and Run-off Businesses The contribution to income (loss) of Divested and Run-off Businesses that have been or will be sold or exited, including businesses that have been placed in wind down, but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP, are excluded from adjusted operating income as the results of Divested and Run-off Businesses are not considered relevant to understanding the Company’s ongoing operating results. The Closed Block division is accounted for as a divested business because it consists primarily of certain participating insurance and annuity products that the Company ceased selling at demutualization in 2001. See Note 16 for additional information regarding the Closed Block. Equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests Equity in earnings of joint ventures and other operating entities, on a pre-tax basis, are included in adjusted operating income as these results are a principal source of earnings. These earnings are reflected on a U.S. GAAP basis on an after-tax basis as a separate line on the Company’s Consolidated Statements of Operations. Earnings attributable to noncontrolling interests are excluded from adjusted operating income. Earnings attributable to noncontrolling interests represents the portion of earnings from consolidated entities that relates to the equity interests of minority investors, and are reflected on a U.S. GAAP basis as a separate line on the Company’s Consolidated Statements of Operations. Other adjustments “Other adjustments” represents all other adjustments that are excluded from adjusted operating income. These primarily include certain components of the consideration for business acquisitions, which are recognized as compensation expense over the requisite service periods. Reconciliation of select financial information The tables below present certain financial information that is regularly provided to the CODM for the Company’s segments, including revenues and significant benefits and expenses, on an adjusted operating income basis, as well as assets by segment, and the reconciliation of the segment totals to amounts reported in the Consolidated Financial Statements. Year Ended December 31, 2024 Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment Net Total Revenues Policyholders’ Interest Interest Amortization General and Administrative Expenses(5) Other Benefits and Expenses(6) Total Benefits and Expenses Total Revenue Less Total Benefits and Expenses (in millions) PGIM $ 15 $ 4,092 $ 0 $ 0 $ 105 $ 2 $ 3,110 $ 0 $ 3,217 $ 875 U.S. Businesses: Institutional Retirement Strategies 4,674 28,195 25,752 664 31 11 257 (376) 26,339 1,856 Individual Retirement Strategies(1) 2,110 5,125 141 1,039 84 394 1,696 8 3,362 1,763 Retirement Strategies(1)(2) 6,784 33,320 25,893 1,703 115 405 1,953 (368) 29,701 3,619 Group Insurance 530 6,427 4,801 149 11 6 1,146 0 6,113 314 Individual Life(2) 3,089 6,195 3,095 803 1,113 442 815 132 6,400 (205) Total U.S. Businesses 10,403 45,942 33,789 2,655 1,239 853 3,914 (236) 42,214 3,728 International Businesses: Life Planner 2,508 9,352 5,605 288 (9) 320 1,044 234 7,482 1,870 Gibraltar Life and Other 3,215 8,573 4,643 922 7 326 1,272 167 7,337 1,236 Total International Businesses 5,723 17,925 10,248 1,210 (2) 646 2,316 401 14,819 3,106 Corporate and Other(3) 1,234 94 (19) 84 677 (56) 1,191 0 1,877 (1,783) Total segment adjusted operating income before income taxes(1) 17,375 68,053 44,018 3,949 2,019 1,445 10,531 165 62,127 5,926 Reconciling items: Realized investment gains (losses), net, and related charges and adjustments(1)(4) (17) (1,741) (3) 347 0 32 0 33 409 (2,150) Change in value of market risk benefits, net of related hedging gains (losses) 0 (397) 0 0 0 0 0 0 0 (397) Market experience updates 0 (88) (3) 0 0 0 0 (33) (36) (52) Divested and Run-off Businesses: Closed Block division 2,048 3,287 2,342 117 (2) 12 290 641 3,400 (113) Other Divested and Run-off Businesses 503 1,426 765 169 13 3 591 (145) 1,396 30 Equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests 0 (135) 0 0 0 0 (119) 0 (119) (16) Other adjustments 0 0 0 0 0 0 19 0 19 (19) Consolidated income (loss) before income taxes and equity in earnings of joint ventures and other operating entities $ 19,909 $ 70,405 $ 47,119 $ 4,582 $ 2,030 $ 1,492 $ 11,312 $ 661 $ 67,196 $ 3,209 Year Ended Year Ended December 31, 2023 Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment Net Total Revenues Policyholders’ Interest Interest Amortization General and Administrative Expenses(5) Other Benefits and Expenses(6) Total Benefits and Expenses Total Revenue Less Total Benefits and Expenses (in millions) PGIM $ 268 $ 3,638 $ 0 $ 0 $ 113 $ 2 $ 2,810 $ 0 $ 2,925 $ 713 U.S. Businesses: Institutional Retirement Strategies 4,180 11,030 8,759 552 1 16 208 (201) 9,335 1,695 Individual Retirement Strategies(1)(7) 1,454 4,532 134 560 72 349 1,591 8 2,714 1,818 Retirement Strategies(1)(2)(7) 5,634 15,562 8,893 1,112 73 365 1,799 (193) 12,049 3,513 Group Insurance 512 6,285 4,703 166 8 9 1,080 0 5,966 319 Individual Life(2) 2,860 6,274 3,295 912 898 456 694 114 6,369 (95) Total U.S. Businesses 9,006 28,121 16,891 2,190 979 830 3,573 (79) 24,384 3,737 International Businesses: Life Planner 2,351 9,596 5,841 243 (3) 306 1,104 105 7,596 2,000 Gibraltar Life and Other 2,938 9,086 5,216 700 26 316 1,361 284 7,903 1,183 Total International Businesses 5,289 18,682 11,057 943 23 622 2,465 389 15,499 3,183 Corporate and Other(3) 730 49 (11) 113 639 (37) 1,379 0 2,083 (2,034) Total segment adjusted operating income before income taxes(1) 15,293 50,490 27,937 3,246 1,754 1,417 10,227 310 44,891 5,599 Reconciling items: Realized investment gains (losses), net, and related charges and adjustments(1)(4)(7) (18) (2,103) (105) 431 0 29 0 52 407 (2,510) Change in value of market risk benefits, net of related hedging gains (losses) 0 56 0 0 0 0 0 0 0 56 Market experience updates 0 67 (2) 0 0 0 0 (41) (43) 110 Divested and Run-off Businesses: Closed Block division 1,959 3,666 2,354 118 0 13 273 1,008 3,766 (100) Other Divested and Run-off Businesses(5)(7) 631 1,888 747 188 9 0 669 254 1,867 21 Equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests 0 (85) 0 0 0 0 (17) 0 (17) (68) Other adjustments 0 0 0 0 0 0 36 0 36 (36) Consolidated income (loss) before income taxes and equity in earnings of joint ventures and other operating entities $ 17,865 $ 53,979 $ 30,931 $ 3,983 $ 1,763 $ 1,459 $ 11,188 $ 1,583 $ 50,907 $ 3,072 Year Ended Year Ended December 31, 2022 Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment Net Total Revenues Policyholders’ Interest Interest Amortization General and Administrative Expenses(5) Other Benefits and Expenses(6) Total Benefits and Expenses Total Revenue Less Total Benefits and Expenses (in millions) PGIM $ 94 $ 3,622 $ 0 $ 0 $ 57 $ 3 $ 2,719 $ 0 $ 2,779 $ 843 U.S. Businesses: 0 Institutional Retirement Strategies 3,653 19,116 17,476 394 15 11 207 (534) 17,569 1,547 Individual Retirement Strategies(1)(7) 918 5,470 149 314 (55) 362 1,708 10 2,488 2,982 Retirement Strategies(1)(2)(7) 4,571 24,586 17,625 708 (40) 373 1,915 (524) 20,057 4,529 Group Insurance 479 6,115 4,914 153 4 2 1,058 0 6,131 (16) Individual Life(2) 2,467 5,786 3,290 926 810 446 738 1,378 7,588 (1,802) Total U.S. Businesses 7,517 36,487 25,829 1,787 774 821 3,711 854 33,776 2,711 International Businesses: Life Planner 2,119 9,541 5,992 183 18 296 1,101 7 7,597 1,944 Gibraltar Life and Other 2,847 9,470 5,735 555 17 300 1,431 171 8,209 1,261 Total International Businesses 4,966 19,011 11,727 738 35 596 2,532 178 15,806 3,205 Corporate and Other(3) 605 (84) 0 137 712 (39) 667 0 1,477 (1,561) Total segment adjusted operating income before income taxes(1) 13,182 59,036 37,556 2,662 1,578 1,381 9,629 1,032 53,838 5,198 Reconciling items: Realized investment gains (losses), net, and related charges and adjustments(1)(4)(7) (23) (6,083) 207 (156) 0 37 0 154 242 (6,325) Change in value of market risk benefits, net of related hedging gains (losses) 0 (443) 0 0 0 0 0 0 0 (443) Market experience updates 0 161 (6) 0 0 0 0 (475) (481) 642 Divested and Run-off Businesses: Closed Block division 1,976 2,958 2,428 121 9 14 289 115 2,976 (18) Other Divested and Run-off Businesses(5)(7) 902 1,250 631 (434) 10 1 1,000 929 2,137 (887) Equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests 0 2 0 0 0 0 38 0 38 (36) Other adjustments 0 0 0 0 0 0 23 0 23 (23) Consolidated income (loss) before income taxes and equity in earnings of joint ventures and other operating entities $ 16,037 $ 56,881 $ 40,816 $ 2,193 $ 1,597 $ 1,433 $ 10,979 $ 1,755 $ 58,773 $ (1,892) __________ (1) The amount for 2023 reflects the correction of an error related to indexed variable and fixed annuity products within the Individual Retirement Strategies segment. See “—Adjusted Operating Income” above for additional information. (2) 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. (3) Corporate and Other operations, through Prudential Advisors, generates fee revenues from the sale and distribution of certain insurance, annuity and investment products offered by Prudential and third parties. (4) As a result of the adoption of ASU 2018-12, “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. Amounts above reflect amortization of historical DAC balances related to realized investment gains (losses) prior to the adoption of the ASU. (5) “General and administrative expenses” includes amounts related to salaries, employee benefits, occupancy, technology, consulting, external and contracted services, legal, corporate charges, costs for initiatives, and other miscellaneous expenses, as well as variable expenses such as commissions, net of deferrals, and other fees related to sales of certain insurance and investment products. (6) “Other benefits and expenses” primarily includes: (i) the change in estimates of liability for future policy benefits, which can be either positive or negative, for Retirement Strategies, Individual Life and International Businesses; (ii) dividends to policyholders for Individual Life and International Businesses, which are included in adjusted operating income; and (iii) dividends to policyholders in the Closed Block Division and goodwill impairments for Other Divested and Run-off Businesses related to AIQ, which are not included in adjusted operating income. (7) Prior period amounts have been updated to conform to current period presentation. As of December 31, 2024 2023 (in millions) Assets by segment: PGIM(1) $ 36,044 $ 42,153 U.S. Businesses: Institutional Retirement Strategies 126,842 111,308 Individual Retirement Strategies 150,151 139,934 Retirement Strategies 276,993 251,242 Group Insurance 39,340 39,214 Individual Life 122,590 116,449 Total U.S. Businesses 438,923 406,905 International Businesses: Life Planner 76,089 81,164 Gibraltar Life and Other 103,949 110,060 Total International Businesses 180,038 191,224 Corporate and Other 31,767 29,842 Closed Block division 48,815 51,088 Total assets per Consolidated Statements of Financial Position $ 735,587 $ 721,212 __________ (1) Prior period amounts have been updated to conform to current period presentation. Revenues, calculated in accordance with U.S. GAAP, for the years ended December 31, include the following by geographic location that are 10 percent or more of the Company’s total consolidated revenue: 2024 2023 2022 (in millions) United States $ 48,568 $ 31,031 $ 36,826 Japan 13,760 15,538 14,599 Other countries 8,077 7,410 5,456 Total PFI consolidated revenue $ 70,405 $ 53,979 $ 56,881 Intersegment revenues Management has determined the intersegment revenues with reference to market rates. Intersegment revenues are eliminated in consolidation in the Company’s Corporate and Other operations. The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, for the years ended December 31, as follows: 2

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS In September 2023, the Company invested approximately $200 million, and acquired a 20% equity interest as a limited partner, in Prismic, a Bermuda-exempted limited partnership that owns all of the outstanding capital stock of Prismic Re, a licensed Bermuda-based life and annuity reinsurance company. As this investment is accounted for under the equity method, both Prismic and Prismic Re are considered related parties. Also in September 2023, the Company entered into an agreement with Prismic Re, to reinsure approximately $9 billion of reserves for certain structured settlement annuity contracts issued by PICA, a wholly-owned subsidiary of the Company. These contracts represent approximately 70% of the Company’s in-force structured settlement annuities business. Separately, the Company, through PGIM, entered into an investment management agreement with Prismic to manage a large portion of Prismic Re's assets. The following tables summarize the impacts to the Company’s financial statements related to the agreements that the Company entered with Prismic and Prismic Re. The related party balances with Prismic and Prismic Re impacted the Company’s balance sheet as of the periods indicated as follows: December 31, 2024 December 31, 2023 (in millions) Reinsurance recoverables and deposit receivables $ 9,084 $ 9,752 Other assets $ 187 $ 132 Reinsurance and funds withheld payables (includes $(91) and $508 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively) $ 7,796 $ 8,544 Accumulated other comprehensive income (loss) $ (139) $ 335 The Company has agreed to guarantee Prismic Re's reimbursement obligations on letters of credit that may be obtained by Prismic Re from third-party financial institutions to support Prismic Re’s obligations under the reinsurance agreement with the Company for a total amount up to $2.0 billion as of both December 31, 2024 and 2023. See Note 25 for additional information on the Company’s guarantees and commitments. The related party activity with Prismic and Prismic Re impacted the Company’s results of operations and cash flows for the periods indicated as follows: Years Ended December 31, 2024 2023 (in millions) Premiums $ 6 $ (4,811) Asset management and service fees 38 10 Other income 150 52 Realized investment gains(losses), net 255 (491) Policyholders’ benefits (281) (4,915) Change in estimates of liability for future policy benefits 7 5 General and administrative expenses 48 3 Income (loss) from related parties, before income taxes 675 (333) Other comprehensive income (loss), before tax (473) 335 Total comprehensive income (loss), before tax $ 202 $ 2 Years Ended December 31, 2024 2023 (in millions) CASH FLOWS FROM OPERATING ACTIVITIES Adjustments to reconcile net income (loss) to net cash provided by operating activities: Realized investment (gains) losses, net $ (255) $ 491 Change in: Reinsurance related-balances $ (743) $ (235) Other, net $ 16 $ 29 CASH FLOWS FROM FINANCING ACTIVITIES Other, net $ 374 $ 3

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments and Guarantees Commercial Mortgage Loan Commitments As of December 31, 2024 2023 (in millions) Total outstanding mortgage loan commitments $ 2,552 $ 1,798 Portion of commitment where prearrangement to sell to investor exists $ 578 $ 366 The Company originates commercial mortgage loans as part of its commercial mortgage operations. 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 $2 million and $1 million as of December 31, 2024 and 2023, respectively. The change in allowance is $1 million and $0 million for the years ended December 31, 2024 and 2023, respectively. Commitments to Purchase Investments (excluding Commercial Mortgage Loans) As of December 31, 2024 2023 (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 11,664 $ 10,675 Expected to be funded from separate accounts $ 0 $ 39 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 the years ended December 31, 2024 or 2023. Indemnification of Securities Lending and Securities Repurchase Transactions As of December 31, 2024 2023 (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,015 $ 5,409 Fair value of related collateral associated with above indemnifications(1) $ 5,119 $ 5,528 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) Includes $240 million and $0 million related to securities repurchase transactions as of December 31, 2024 and December 31, 2023, respectively. 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 As of December 31, 2024 2023 (in millions) Guaranteed value of third parties’ assets $ 76,416 $ 78,009 Fair value of collateral supporting these assets $ 71,423 $ 73,186 Asset (liability) associated with guarantee, carried at fair value $ (1) $ (2) 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 Consolidated Statements of Financial Position. Indemnification of Serviced Mortgage Loans As of December 31, 2024 2023 (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 3,272 $ 3,102 First-loss exposure portion of above $ 942 $ 898 Accrued liability associated with guarantees(1) $ 25 $ 28 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $12 million and $14 million as of December 31, 2024 and 2023, respectively. The change in allowance is a reduction of $2 million and $3 million for the years ended December 31, 2024 and 2023, 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 $25,763 million and $24,875 million of mortgages subject to these loss-sharing arrangements as of December 31, 2024 and 2023, respectively, all of which are collateralized by first priority liens on the underlying multi-family residential properties. As of December 31, 2024, these mortgages had a weighted-average debt service coverage ratio of 1.95 times and a weighted-average loan-to-value ratio of 62%. As of December 31, 2023, these mortgages had a weighted-average debt service coverage ratio of 1.97 times and a weighted-average loan-to-value ratio of 60%. The Company had no losses related to indemnifications that were settled for either the twelve months ended December 31, 2024 and 2023. Other Guarantees As of December 31, 2024 2023 (in millions) Other guarantees where amount can be determined $ 289 $ 36 Accrued liability for other guarantees and indemnifications $ 32 $ 32 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. This includes guarantees issued on $1.5 billion of standby committed letters of credit and $0.5 billion of standby uncommitted letters of credit that may be obtained by Prismic Re from third-party financial institutions, for the benefit of PICA as beneficiary, to support U.S. statutory reserve credit related to a reinsurance agreement with PICA. As of December 31, 2024, no letters of credit have been issued to PICA under the facility, and the likelihood of PICA drawing upon them is remote. The guarantees are renewable on an annual basis. The current value of the guarantees is estimated to be immaterial. See Note 24 for additional information on the related party relationship between the Company and Prismic Re and Note 15 for additional information on the Company’s reinsurance transactions. 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. Insolvency Assessments Most of the jurisdictions in which the Company is admitted to transact business require insurers doing business within the jurisdiction to participate in guarantee associations, which are organized to pay contractual benefits owed pursuant to insurance policies issued by impaired, insolvent or failed insurers. These associations levy assessments, up to prescribed limits, on all member insurers in a particular state on the basis of the proportionate share of the premiums written by member insurers in the lines of business in which the impaired, insolvent or failed insurer engaged. Some states permit member insurers to recover assessments paid through full or partial premium tax offsets. In addition, Japan has established the Japan Policyholders Protection Corporation as a contingency to protect policyholders against the insolvency of life insurance companies in Japan through assessments to companies licensed to provide life insurance. Assets and liabilities held for insolvency assessments were as follows: As of December 31, 2024 2023 (in millions) Other assets: Premium tax offset for future undiscounted assessments $ 25 $ 35 Premium tax offset currently available for paid assessments 62 2 Total $ 87 $ 37 Other liabilities: Insolvency assessments $ 29 $ 29 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 legal 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 December 31, 2024, 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. Labor and Employment Matters Prudential of Brazil Labor and Employment Matters Prudential of Brazil (“POB”) sells insurance products to consumers through life planner franchisees (“Life Planners”), who are engaged as independent life insurance brokers and not as employees. When a Life Planner’s contractual relationship with POB is terminated, in many cases the Life Planner commences a labor suit against POB alleging entitlement to employment related benefits. POB is a defendant in numerous such lawsuits in Brazil brought by former Life Planners and has been subject to regulatory actions challenging the validity of POB’s franchise model. POB has continued to receive additional labor suits and regulatory actions involving the operation of its franchise model notwithstanding steps that POB has taken to attempt to mitigate the labor risk by modifying its franchise model. POB continues to modify its franchise model to further mitigate this risk. Individual Annuities, Individual Life and Group Insurance California Advocates for Nursing Home Reform v. The Prudential Insurance Company of America and Pruco Life Insurance Company, et al. In January 2024, a putative class action complaint entitled California Advocates for Nursing Home Reform v. The Prudential Insurance Company of America and Pruco Life Insurance Company, et al., was filed in California Superior Court, Alameda County, alleging that the Company has failed to comply with California laws requiring that life insurance policies issued or delivered in California: (i) provide for a contractual 60-day grace period pre-lapse during which a policy must stay in force; (ii) provide policyholders and designees with notice of payment default within 30 days and a 30-day advance written notice of pending lapse; and (iii) notify policyholders annually of their right to designate additional recipients for lapse notices. The complaint asserts claims for violation of California’s Unfair Competition law and seeks unspecified damages along with declaratory and injunctive relief. In February 2024, defendants removed the action from California state court to the United States District Court for the Northern District of California. Plaintiff filed a motion to remand the action to the California Superior Court, Alameda County, and in December 2024, the motion was granted. 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 December 2017, Total Asset Recovery Services, LLC, on behalf of the State of New York, filed a Second Amended Complaint in the Supreme Court of the State of New York, County of New York, against, among other 19 defendants, Prudential Financial, Inc., The Prudential Insurance Company of America and Prudential Insurance Agency, LLC, alleging that the Company failed to escheat life insurance proceeds in violation of the New York False Claims Act. The second amended complaint seeks injunctive relief, compensatory damages, civil penalties, treble damages, prejudgment interest, attorneys’ fees and costs. In May 2018, defendants filed a motion to dismiss the Second Amended Complaint. In April 2019, defendants’ motion to dismiss the Second Amended Complaint was granted and plaintiff subsequently filed a Notice of Appeal with the New York State Supreme Court, First Department. In December 2020, the New York Supreme Court, First Department, reversed and vacated the judgment of the trial court and granted leave to plaintiff to file a third amended complaint. In March 2021, the plaintiff filed a third amended complaint asserting claims against all defendants for violation of the New York False Claims Act, and seeking injunctive relief, compensatory and treble damages, attorneys’ fees and costs. In January 2023, the plaintiff filed a Fourth Amended Complaint. In March 2023, defendants filed a motion to dismiss the Fourth Amended Complaint. In October 2024, defendants’ motion to dismiss the Fourth Amended Complaint was denied. In December 2024, defendants filed an Answer to the Fourth Amended Complaint. Securities Litigation City of Warren v. PFI, et al. In November 2019, a putative class action complaint entitled City of Warren Police and Fire Retirement System v. Prudential Financial, Inc., Charles F. Lowrey and Kenneth Y. Tanji , was filed in the United States District Court for the District of New Jersey. The complaint asserts claims for federal securities law violations against PFI, and Charles Lowrey, PFI’s chief executive officer, and Kenneth Tanji, PFI’s chief financial officer, individually, and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; and (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience. The putative class includes all purchasers of PFI common stock between February 15, 2019 and August 2, 2019. In March 2020, the court issued an order consolidating this action with Donald P. Crawford v. PFI, et al. under the caption In re Prudential Financial, Inc. Securities Litigation . In June 2020, plaintiffs filed an amended complaint and added Robert M. Falzon, PFI’s vice chairman, as an individual defendant. In August 2020, the Company filed a motion to dismiss the amended complaint. In December 2020, the court issued an order granting defendants’ motion to dismiss the amended complaint with prejudice and plaintiff subsequently filed, in January 2021, a Notice of Appeal to the United States Court of Appeals for the Third Circuit. 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. In February 2024, plaintiff filed a motion seeking preliminary certification of a settlement class, approval of class notice, and preliminary approval of the proposed class action settlement. In March 2024, the court issued an order granting the motion for preliminary approval of the Settlement. In June 2024, the Court granted final approval of the Settlement and issued a final judgment dismissing the action with prejudice. This matter is now closed. Donel Davidson v. Charles F. Lowrey, et al. In September 2020, a shareholder derivative complaint entitled Pekin Police Pension Fund, Derivatively on Behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al ., was filed in the United States District Court for the District of New Jersey (the “Derivative Complaint”) against PFI as a “nominal” defendant, PFI’s chairman and chief executive officer, vice chairman, chief financial officer, certain former officers of PFI, and all of the current outside directors of PFI’s Board. The Derivative Complaint asserts claims for federal securities law violations, breach of fiduciary duty, waste of corporate assets, and unjust enrichment, and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience; and (iv) the individual defendants breached their duty of care and loyalty to the Company by allowing the alleged improper activity. In December 2020, the Court issued an order substituting Donel Davidson for Pekin Police Pension Fund as the named plaintiff. In March 2021, the court issued an order consolidating this action with Robert Lalor, Derivatively on behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al . under the caption In re Prudential Financial, Inc. Derivative Litigation . In May 2021, the Company filed a motion to dismiss the complaint. Daniel Plaut v. Prudential Financial, Inc. In October 2020, a shareholder derivative complaint entitled Daniel Plaut, Derivatively on Behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al ., was filed in the Superior Court of New Jersey, Law Division, Essex County (the “Derivative Complaint”) against PFI as a “nominal” defendant, PFI’s chairman and chief executive officer, vice chairman, and all of the current outside directors of PFI’s Board. The Derivative Complaint asserts claims for breach of fiduciary duty, unjust enrichment, and abuse of control and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience; and (iv) the individual defendants engaged in corporate misconduct, mismanagement and waste through their participation in the alleged wrongdoing. In September 2024, the court issued an order consolidating this action with Kevin M. Frost et al. v. Prudential Financial, Inc. , under the caption In re Prudential Financial, Inc. Derivative Litigation . Kevin M. Frost et al. v. Prudential Financial, Inc. In November 2023, a shareholder derivative complaint entitled Kevin M. Frost et al., Derivatively on behalf of Prudential Financial, Inc. v. Charles Lowrey, et al ., was filed in the Superior Court of New Jersey, Law Division, Essex County (the “Derivative Complaint”) against PFI as a “nominal” defendant, PFI’s chairman and chief executive officer, vice chairman, chief financial officer, and certain current and former members of PFI’s Board. The Derivative Complaint asserts a claim for breach of fiduciary duty against the individual defendants and allege that they harmed the Company by permitting the dissemination of allegedly misleading and inaccurate financial information related to the Company’s 2Q 2019 increased reserve estimates involving its Individual Life business. In September 2024, the court issued an order consolidating this action with Daniel Plaut v. Prudential Financial, Inc. , under the caption In re Prudential Financial, Inc. Derivative Litigation . Case updates will be consolidated with the Daniel Plaut action. Shareholder Demands In January 2020, the Board of Directors received a shareholder demand letter containing allegations: (i) of wrongdoing similar to those alleged in the City of Warren and Crawford complaints; and (ii) that certain of the Company’s current and former directors and executive officers breached their fiduciary duties of loyalty, due care and candor. The demand letter requests that the Board of Directors investigate and commence legal proceedings against the named individuals to recover for the Company’s benefit the damages purportedly sustained by the Company as a result of the alleged breaches. In February 2020, the Board of Directors authorized the creation of a special committee to investigate the allegations set forth in the shareholder demand letter. In April 2020, the Company received additional shareholder demands raising allegations similar to those contained in the January 2020 demand, and may be subject prospectively to additional activity relating to these matters. In January 2021, the special committee completed its investigation, and in February 2021, the Board provided notice rejecting the shareholder demands and dissolved the special committee. Assurance IQ, LLC William James Griffin, et al. v. Benefytt Technologies, Inc., et al. and Assurance IQ, LLC In February 2021, an amended putative class action complaint entitled William James Griffin, et al. v. Benefytt Technologies, Inc. (f/k/a Health Insurance Innovations, Inc.), Health Plan Intermediaries Holdings, Inc. and Assurance IQ, LLC , was filed in the United States District Court for the Southern District of Florida, alleging that the defendants violated the Racketeering Influenced and Corrupt Organizations Act, and engaged in a conspiracy to defraud customers through the sale of limited indemnity and short term health insurance products to individuals seeking comprehensive medical insurance. The complaint seeks unspecified treble damages, declaratory and injunctive relief. In June 2021, the Company filed a motion to dismiss the amended complaint. In March 2022, the court issued an order granting Assurance IQ, LLC’s motion to dismiss the claims for declaratory and injunctive relief and denying the motion to dismiss as to the remaining claims. In May 2022, plaintiffs filed a second amended complaint narrowing the scope of the putative plaintiff class, and the Company filed its answer. In January 2023, plaintiffs filed a motion for class certification, and in February 2023, plaintiffs filed a third amended complaint. In February 2023, the Company filed its answer to the third amended complaint. In November 2023, plaintiff filed a motion seeking preliminary certification of a settlement class and approval of class notice, appointment of a class representative and class counsel, and preliminary approval of the proposed class action settlement (the “Settlement”). In December 2023, the court issued an order granting the motion for preliminary approval of the Settlement. In May 2024, the Court granted final approval of the Settlement and issued a final judgment dismissing the action with prejudice. This matter is now closed. Other Matters Cho v. PICA, et al. In November 2019, a putative class action complaint entitled Cho v. The Prudential Insurance Company of America, et. al., was filed in the United States District Court for the District of New Jersey. The Complaint purports to be brought on behalf of participants in the Prudential Employee Savings Plan (the “Plan”) and (i) alleges that defendants failed to fulfill their fiduciary obligations under the Employee Retirement Income Security Act of 1974, in the administration, management and operation of the Plan, including engaging in prohibited transactions; and (ii) seeks declaratory, injunctive and equitable relief, and unspecified damages including interest, attorneys’ fees and costs. In January 2020, defendants filed a motion to dismiss the complaint. In September 2020, plaintiff filed an amended complaint and added as individual defendants certain PFI officers and current and former members of the Company’s Administrative Committee and Investment Oversight Committee. In December 2020, defendants filed a motion to dismiss the amended complaint. In September 2021, the court granted defendants’ motion to dismiss the amended complaint without prejudice. In October 2021, plaintiff filed a second amended complaint asserting claims against defendants under the Employee Retirement Income Security Act of 1974 for breach of fiduciary duty, prohibited transactions and failure to monitor fiduciaries. The second amended complaint seeks declaratory, injunctive and equitable relief, unspecified damages, attorneys’ fees and costs. In December 2021, defendants filed a motion to dismiss the second amended complaint. In August 2022, the court: (i) dismissed, with prejudice, the breach of the fiduciary duty of loyalty and prohibited transaction claims based on the inclusion of Prudential-affiliated funds in the Plan’s investment options; (ii) dismissed, without prejudice, the breach of fiduciary duty claims based on certain alleged underperforming Plan funds; and (iii) denied the motion to dismiss plaintiffs’ claims for breach of the fiduciary duties of prudence and to monitor other fiduciaries, based on alleged delays in removing other alleged underperforming funds. In September 2022, plaintiff filed a third amended complaint asserting claims for breach of duty of prudence and to monitor fiduciaries, and in October 2022, defendants filed their answer to the third amended complaint. In May 2023, plaintiff filed a motion for class certification. In August 2023, the court issued an Order granting plaintiff’s class certification motion. In January 2024, by an October 2023 court Order, defendants submitted to plaintiffs their summary judgment brief. In December 2024, the court issued an order granting Prudential’s motion for summary judgment. In January 2025, plaintiff filed a Notice of Appeal to the Third Circuit. LIBOR Litigation Prudential Investment Portfolios 2, f/k/a Dryden Core Investment Fund, o/b/o Prudential Core Short-Term Bond Fund and Prudential Core Taxable Money Market Fund v. Bank of America Corporation, et al. In May 2014, Prudential Investment Portfolios 2, on behalf of the Prudential Core Short-Term Bond Fund and the Prudential Core Taxable Money Market Fund (the “Funds”), filed an action against ten banks in the United States District Court for the District of New Jersey asserting that the banks participated in the setting of LIBOR, a major benchmark interest rate. The complaint alleges that the defendant banks manipulated LIBOR, and asserts, among other things, claims for common law fraud, negligent misrepresentation, breach of contract, intentional interference with contract and with prospective economic relations, unjust enrichment, breaches of the New Jersey Civil RICO (“Racketeer Influenced and Corrupt Organizations Act”) statute, and violations of the Sherman Act. In June 2014, the United States Judicial Panel on Multidistrict Litigation transferred the action to the United States District Court for the Southern District of New York, where it has been consolidated for pre-trial purposes with other pending LIBOR-related actions. In October 2014, the Funds filed an amended complaint. In November 2014, the defendants filed a motion to dismiss the amended complaint. In August 2015, the court issued a decision granting in part, and denying in part, defendants' motions to dismiss. The court dismissed certain of the Funds' claims, including those alleging fraud based on offering material statements; New Jersey RICO; and express breach of contract. The court upheld certain of the Funds' claims, including those alleging fraud based on false LIBOR submissions to the British Bankers’ Association; negligent misrepresentation; unjust enrichment; and breach of the implied covenant of good faith and fair dealing. Following the August 2015 decision, granting in part defendants' motions to dismiss, in September 2015, Prudential filed the following LIBOR

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Common Stock Dividend On February 4, 2025, Prudential Financial’s Board of Directors declared a cash dividend of $1.35 per share of Common Stock, payable on March 13, 2025 to shareholders of record as of February 18, 2025.

Schedule I - Summary of Investm

Schedule I - Summary of Investments Other Than investments in Related Parties Schedule I - Summary of Investments Other Than Investments In Related Parties	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Schedule I - Summary of Investments Other Than Investments In Related Parties	PRUDENTIAL FINANCIAL, INC. Schedule I Summary of Investments Other Than Investments in Related Parties As of December 31, 2024 (in millions) Type of Investment Amortized Cost or Cost Fair Amount Fixed maturities, available-for-sale: Bonds: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 24,869 $ 20,348 $ 20,348 Obligations of U.S. states and their political subdivisions 6,590 6,104 6,104 Foreign government securities 63,523 57,479 57,479 Asset-backed securities 16,979 17,134 17,134 Residential mortgage-backed securities 2,698 2,490 2,490 Commercial mortgage-backed securities 9,791 9,273 9,273 Public utilities 34,779 31,572 31,572 All other corporate bonds 181,512 166,858 166,858 Redeemable preferred stock 263 312 312 Total fixed maturities, available-for-sale $ 341,004 $ 311,570 $ 311,570 Equity securities: Common stocks: Other common stocks $ 5,720 $ 7,076 $ 7,076 Mutual funds 1,074 2,073 2,073 Nonredeemable preferred stocks 57 74 74 Perpetual preferred stocks 192 194 194 Total equity securities, at fair value $ 7,043 $ 9,417 $ 9,417 Fixed maturities, trading $ 13,631 $ 12,530 $ 12,530 Assets supporting experience-rated contractholder liabilities(1) 2,582 3,707 Commercial mortgage and other loans(2) 62,341 62,341 Policy loans 9,795 9,795 Short-term investments 9,069 9,069 Other invested assets 26,351 26,351 Total investments $ 471,816 $ 444,780 __________ (1) See Note 3 to the Consolidated Financial Statements for the composition of the Company’s “Assets supporting experience-rated contractholder liabilities, at fair value.” (2) Includes collateralized commercial mortgage and other loans of $61,761 million and uncollateralized loans of $580 million.

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant	PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Financial Positions as of December 31, 2024 and 2023 (in millions) 2024 2023 ASSETS Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519) $ 1,335 $ 1,386 Equity securities, at fair value (cost: 2024- $25; 2023- $25) 25 25 Other invested assets 3,361 2,237 Total investments 4,721 3,648 Cash and cash equivalents 1,051 971 Due from subsidiaries 3,460 2,377 Loans receivable from subsidiaries 5,251 7,448 Investment in subsidiaries 41,054 38,519 Property, plant and equipment 381 404 Income taxes receivable 418 682 Other assets 475 315 TOTAL ASSETS $ 56,811 $ 54,364 LIABILITIES AND EQUITY LIABILITIES Due to subsidiaries $ 3,800 $ 3,166 Loans payable to subsidiaries 5,602 4,602 Short-term debt 25 25 Long-term debt 18,793 18,162 Income taxes payable 167 100 Other liabilities 552 489 Total liabilities 28,939 26,544 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 December 31, 2024 and December 31, 2023) 6 6 Additional paid-in capital 25,901 25,746 Common Stock held in treasury, at cost (311,738,187 and 307,089,216 shares as of December 31, 2024 and 2023, respectively) (24,511) (23,780) Accumulated other comprehensive income (loss)(1) (6,711) (6,504) Retained earnings 33,187 32,352 Total equity 27,872 27,820 TOTAL LIABILITIES AND EQUITY $ 56,811 $ 54,364 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Operations for the Years Ended December 31, 2024, 2023 and 2022 (in millions) 2024 2023 2022 REVENUES Net investment income $ 376 $ 345 $ 177 Realized investment gains (losses), net (2) (4) 128 Affiliated interest revenue 392 408 387 Other income (loss) 17 14 27 Total revenues 783 763 719 EXPENSES General and administrative expenses 164 173 71 Interest expense 1,322 1,282 1,161 Total expenses 1,486 1,455 1,232 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES AND JOINT VENTURES AND OTHER OPERATING ENTITIES (703) (692) (513) Total income tax expense (benefit) (192) (152) (134) INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES AND JOINT VENTURES AND OTHER OPERATING ENTITIES (511) (540) (379) Equity in earnings of subsidiaries 3,191 3,023 (1,268) Equity in earnings of joint ventures and other operating entities, net of taxes 47 5 0 NET INCOME (LOSS) $ 2,727 $ 2,488 $ (1,647) Other Comprehensive Income (loss) (207) (2,698) 5,687 TOTAL COMPREHENSIVE INCOME (LOSS) $ 2,520 $ (210) $ 4,040 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022 (in millions) 2024 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ 2,727 $ 2,488 $ (1,647) Adjustments to reconcile net income to cash provided by operating activities: Equity in earnings of subsidiaries (3,191) (3,023) 1,268 Equity in earnings of joint ventures and other operating entities, net of taxes (47) (5) 0 Realized investment (gains) losses, net 2 4 (128) Dividends received from subsidiaries 3,032 3,705 3,967 Property, plant and equipment (3) (15) (8) Change in: Due to/from subsidiaries, net (106) 212 681 Other, operating 145 (487) 39 Cash flows from (used in) operating activities 2,559 2,879 4,172 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from the sale/maturity of: Fixed maturities, available-for-sale 212 372 76 Short-term investments 15,502 19,196 23,529 Payments for the purchase of: Fixed maturities, available-for-sale (171) (171) (744) Short-term investments (16,627) (18,938) (24,080) Capital contributions to subsidiaries (384) (1,651) (2,527) Returns of capital contributions from subsidiaries 300 599 2,098 Loans to subsidiaries, net of maturities 197 584 (157) Other, investing 0 0 0 Cash flows from (used in) investing activities (971) (9) (1,805) CASH FLOWS FROM FINANCING ACTIVITIES Cash dividends paid on Common Stock (1,891) (1,846) (1,817) Common Stock acquired (1,000) (1,012) (1,488) Common Stock reissued for exercise of stock options 201 126 163 Proceeds from the issuance of debt (maturities longer than 90 days) 1,123 495 2,474 Repayments of debt (maturities longer than 90 days) (512) (1,514) (1,005) Repayments of loans from subsidiaries (9) (660) (1,811) Proceeds from loans payable to subsidiaries 702 1,256 1,386 Net change in financing arrangements (maturities of 90 days or less) (1) 1 (2) Other, financing (121) (141) (122) Cash flows from (used in) financing activities (1,508) (3,295) (2,222) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 80 (425) 145 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 971 1,396 1,251 CASH AND CASH EQUIVALENTS, END OF YEAR $ 1,051 $ 971 $ 1,396 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid during the period for interest $ 1,231 $ 1,224 $ 1,071 Cash paid (refunds received) during the period for taxes $ (448) $ 554 $ (231) NON-CASH TRANSACTIONS DURING THE YEAR Non-cash capital contributions to subsidiaries $ (2,919) $ (753) $ (620) Non-cash dividends/returns of capital from subsidiaries $ 83 $ 1,067 $ 501 Treasury Stock shares issued for stock-based compensation programs $ 216 $ 275 $ 235 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Notes to Condensed Financial Information of Registrant Prudential Financial, Inc. (“Prudential Financial”) was incorporated on December 28, 1999, as a wholly-owned subsidiary of The Prudential Insurance Company of America (“PICA”). On December 18, 2001, PICA converted from a mutual life insurance company to a stock life insurance company and became an indirect, wholly-owned subsidiary of Prudential Financial. The condensed financial information of Prudential Financial, Inc. (the “Parent Company”) should be read in conjunction with the consolidated financial statements of Prudential Financial, Inc. and its subsidiaries and the notes thereto (the “Consolidated Financial Statements”). The condensed financial statements of Prudential Financial reflect its direct wholly-owned subsidiaries using the equity method of accounting. In September 2023, Prudential Financial invested approximately $200 million, and acquired a 20% equity interest as a limited partner, in Prismic Life Holding Company LP (“Prismic”), a Bermuda-exempted limited partnership that owns all of the outstanding capital stock of Prismic Life Reinsurance, Ltd. (“Prismic Re”), a licensed Bermuda-based life and annuity reinsurance company. As this investment is accounted for under the equity method, both Prismic and Prismic Re are considered related parties. In April 2022, Prudential Financial completed the sale of Prudential Annuities Life Assurance Corporation (“PALAC”), a subsidiary of Prudential Financial, representing a portion of its in-force traditional variable annuity block of business, to Fortitude Group Holdings, LLC (“Fortitude”). Prudential Financial recognized a pre-tax gain on sale of $1,448 million. In April 2022, Prudential Financial 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. Prudential Financial recognized a net pre-tax gain on sale of $650 million, as well as a deferred gain of approximately $400 million in 2022, including a post-closing true-up, for the ceding of certain insurance policies through reinsurance to Great-West. 2. OTHER INVESTMENTS Prudential Financial’s other investments as of December 31, 2024 and 2023 consisted primarily of highly liquid debt investments and intercompany enterprise liquidity account funds. 3. DEBT A summary of Prudential Financial’s short- and long-term debt is as follows: December 31, Maturity Rate(1) 2024 2023 ($ in millions) Short-term debt: Commercial paper(2) $ 25 $ 25 Current portion of long-term debt 0 0 Total short-term debt $ 25 $ 25 Long-term debt: Fixed rate senior notes 2026-2051 1.50%-6.63% $ 10,245 $ 10,112 Junior subordinated notes 2045-2062 3.70%-6.75% 8,548 8,050 Total long-term debt $ 18,793 $ 18,162 __________ (1) Ranges of interest rates are for the year ended December 31, 2024. (2) The weighted average interest rate on outstanding commercial paper was 4.38% and 5.35% at December 31, 2024 and December 31, 2023, respectively. Long-term Debt In order to manage exposure to interest rate movements, Prudential Financial utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issuances. The impact of these derivative instruments is not reflected in the rates presented in the table above. Interest expense was $0.0 million for the years ended December 31, 2024, 2023 and 2022, as there were no such derivatives that qualified for hedge accounting treatment. Schedule of Long-term Debt Maturities The following table presents Prudential Financial’s contractual maturities for long-term debt as of December 31, 2024: Calendar Year 2026 2027 2028 2029 2030 and thereafter Total (in millions) Long-term debt $ 536 $ 32 $ 390 $ 71 $ 17,764 $ 18,793 For the years ended December 31, Prudential Financial received cash dividends and/or returns of capital from the following subsidiaries: 2024 2023 2022 (in millions) Prudential Annuities Holding Company $ 0 $ 18 $ 74 International Insurance and Investments Holding Companies 1,385 216 1,313 The Prudential Insurance Company of America(1) 1,550 3,100 2,400 PGIM Holding Company(1) 61 66 156 Prudential Annuities Life Assurance Corporation(1) 0 0 2,081 Other Companies(2) 336 904 41 Total $ 3,332 $ 4,304 $ 6,065 __________ (1) 2022 includes $2,400 million of net proceeds from the sale of PRIAC and $2,081 million of net proceeds from the sale of PALAC that were distributed to PFI. (2) 2023 includes $900 million dividends and returns of capital from a rabbi trust. 5. COMMITMENTS AND GUARANTEES Prudential Financial has issued a subordinated guarantee covering a subsidiary’s domestic commercial paper program. As of December 31, 2024, there was $497 million outstanding under this commercial paper program. Prudential Financial has provided guarantees of the payment of principal and interest on intercompany loans between affiliates. As of December 31, 2024, Prudential Financial had issued guarantees of outstanding loans totaling $4.8 billion between international insurance subsidiaries and other affiliates. In 2013, Prudential Financial entered into a $500 million indemnity and guarantee agreement with Wells Fargo Bank Northwest, N.A. Under this agreement, Prudential Financial guaranteed obligations with respect to an affiliated loan from PICA to an affiliate. The loan proceeds were utilized to construct the Prudential Tower home office in Newark, New Jersey. Prudential Financial is also subject to other financial guarantees, net worth maintenance agreements and indemnity arrangements, including those made in the normal course of business guaranteeing the performance of, or representations made by, Prudential Financial subsidiaries. Prudential Financial has provided indemnities and guarantees related to acquisitions and dispositions, investments, debt issuances and other transactions, including those provided as part of its ongoing operations that are triggered by, among other things, breaches of representations, warranties or covenants provided by Prudential Financial or its subsidiaries. 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. This includes guarantees issued o n $2.3 billion o

Schedule III - Supplementary In

Schedule III - Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Schedule III - Supplementary Insurance Information	PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2024 (in millions) Segment Deferred Future Unearned Other Policy Premiums, Net Benefits, Amortization Other PGIM $ 0 $ 0 $ 0 $ 0 $ 0 $ 15 $ 0 $ 2 $ 3,097 U.S. Businesses: Institutional Retirement Strategies 208 84,717 0 18,761 22,979 4,603 26,392 10 286 Individual Retirement Strategies 4,091 1,181 0 46,105 1,312 2,124 1,042 430 1,779 Retirement Strategies 4,299 85,898 0 64,866 24,291 6,727 27,434 440 2,065 Group Insurance 159 5,425 246 5,032 5,807 531 4,949 6 1,157 Individual Life 7,093 26,541 0 33,046 2,910 3,147 3,862 443 1,926 Total U.S. Businesses 11,551 117,864 246 102,944 33,008 10,405 36,245 889 5,148 Life Planner 4,754 48,285 1 13,462 6,652 2,499 6,458 320 1,034 Gibraltar Life and Other 4,550 51,348 65 41,419 5,451 3,216 5,601 326 1,280 International Businesses 9,304 99,633 66 54,881 12,103 5,715 12,059 646 2,314 Corporate and Other (563) 8,639 0 4,100 394 1,726 995 (57) 2,495 Total PFI excluding Closed Block division 20,292 226,136 312 161,925 45,505 17,861 49,299 1,480 13,054 Closed Block division 156 42,464 0 5,047 1,690 2,048 3,100 12 288 Total $ 20,448 $ 268,600 $ 312 $ 166,972 $ 47,195 $ 19,909 $ 52,399 $ 1,492 $ 13,342 PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2023 (in millions) Segment Deferred Future Unearned Other Policy Premiums, Net Benefits, Amortization of Other PGIM $ 0 $ 0 $ 0 $ 0 $ 0 $ 268 $ 0 $ 2 $ 2,937 U.S. Businesses: Institutional Retirement Strategies 139 75,431 0 17,520 6,375 4,161 9,209 10 210 Individual Retirement Strategies 3,881 1,229 0 30,860 1,335 1,453 713 387 1,663 Retirement Strategies 4,020 76,660 0 48,380 7,710 5,614 9,922 397 1,873 Group Insurance 137 5,348 251 5,342 5,699 517 4,869 9 1,088 Individual Life 7,600 24,748 0 32,266 3,180 2,879 4,152 456 1,590 Total U.S. Businesses 11,757 106,756 251 85,988 16,589 9,010 18,943 862 4,551 Life Planner 4,909 55,079 2 13,308 7,000 2,339 6,555 306 1,101 Gibraltar Life and Other 4,442 58,349 71 38,663 6,231 2,942 5,970 316 1,387 International Businesses 9,351 113,428 73 51,971 13,231 5,281 12,525 622 2,488 Corporate and Other (420) 9,186 0 4,594 396 1,347 1,035 (40) 2,880 Total PFI excluding Closed Block division 20,688 229,370 324 142,553 30,216 15,906 32,503 1,446 12,856 Closed Block division 168 43,587 0 5,940 1,675 1,959 3,480 13 272 Total $ 20,856 $ 272,957 $ 324 $ 148,493 $ 31,891 $ 17,865 $ 35,983 $ 1,459 $ 13,128 PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2022 (in millions) Segment Deferred Future Unearned Other Policy Premiums, Net Benefits, Amortization of Other PGIM $ 0 $ 0 $ 0 $ 0 $ 0 $ 94 $ 0 $ 3 $ 2,791 U.S. Businesses: Institutional Retirement Strategies 95 70,690 0 17,159 15,072 3,643 18,111 3 220 Individual Retirement Strategies 4,282 1,232 0 22,168 1,605 924 577 409 1,654 Retirement Strategies 4,377 71,922 0 39,327 16,677 4,567 18,688 412 1,874 Group Insurance 143 5,408 249 5,882 5,556 482 5,068 2 1,061 Individual Life 7,289 22,369 0 30,724 2,926 2,461 4,138 447 1,546 Total U.S. Businesses 11,809 99,699 249 75,933 25,159 7,510 27,894 861 4,481 Life Planner 4,710 51,793 1 11,400 7,127 2,130 6,038 296 1,119 Gibraltar Life and Other 4,231 57,148 76 35,536 6,717 2,840 6,281 300 1,450 International Businesses 8,941 108,941 77 46,936 13,844 4,970 12,319 596 2,569 Corporate and Other (385) 8,392 1 8,225 388 1,487 331 (41) 3,340 Total PFI excluding Closed Block division 20,365 217,032 327 131,094 39,391 14,061 40,544 1,419 13,181 Closed Block division 181 44,414 0 5,224 1,699 1,976 2,663 14 298 Total $ 20,546 $ 261,446 $ 327 $ 136,318 $ 41,090 $ 16,037 $ 43,207 $ 1,433 $ 13,479

Schedule IV - Reinsurance

Schedule IV - Reinsurance	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Schedule IV - Reinsurance	PRUDENTIAL FINANCIAL, INC. Schedule IV Reinsurance As of and For the Years Ended December 31, 2024, 2023 and 2022 ($ in millions) Gross Ceded to Assumed Net Percentage 2024 Life Insurance Face Amount In Force $ 4,125,517 $ 979,667 $ 159,355 $ 3,305,205 4.8 % Premiums: Life Insurance $ 36,320 $ 2,384 $ 6,167 $ 40,103 15.4 % Accident and Health Insurance 2,902 108 0 2,794 0.0 Total Premiums $ 39,222 $ 2,492 $ 6,167 $ 42,897 14.4 % 2023 Life Insurance Face Amount In Force $ 4,173,524 $ 891,770 $ 165,988 $ 3,447,742 4.8 % Premiums: Life Insurance $ 26,585 $ 7,028 $ 5,005 $ 24,562 20.4 % Accident and Health Insurance 2,890 88 0 2,802 0.0 Total Premiums $ 29,475 $ 7,116 $ 5,005 $ 27,364 18.3 % 2022 Life Insurance Face Amount In Force $ 4,133,602 $ 858,957 $ 178,286 $ 3,452,931 5.2 % Premiums: Life Insurance $ 31,900 $ 2,227 $ 4,072 $ 33,745 12.1 % Accident and Health Insurance 2,821 91 0 2,730 0.0 Total Premiums $ 34,721 $ 2,318 $ 4,072 $ 36,475 11.2 %

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 2,727	$ 2,488	$ (1,647)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
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

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Because of the size and scope of our business, we are subject to numerous and evolving cybersecurity risks, any of which, if it materializes, could affect our business strategy, results of operations, or financial condition. See “Item 1A. Risk Factors—Operational Risk” for a discussion of such risks. Cybersecurity risk management is integrated within our risk management framework. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Risk Management” for additional information on our risk management processes. We conduct risk identification through several processes at the business unit, corporate, senior management, and Board levels. This framework includes escalation points to Prudential’s risk committees, allowing cyber risk and control matters to be elevated to the Board of Directors or its Audit Committee for oversight. In order to respond to the threat of security breaches and cyber-attacks, we have developed an information security program designed to protect and preserve the confidentiality, integrity, and continued availability of information owned by, or in the care of, the Company. This information security program provides for the coordination of various corporate functions and governance groups, including global technology, risk, legal, compliance and corporate audit, and serves as a framework for the execution of responsibilities across businesses and operational roles. Among other things, the information security program establishes security standards for our technological resources and includes training for employees, contractors and third parties. Employees with access to our Company’s systems are subject to comprehensive annual training on responsible information security, data security, and cybersecurity practices and how to protect data against cyber threats. As part of the information security program, we conduct periodic exercises with independent outside advisors to assess the effectiveness of our program and our internal response preparedness. We regularly engage with the broader cybersecurity community and monitor cyber threat information. To address risks associated with third parties, Prudential has established an enterprise-wide Third-Party Risk Management Program. This program’s features include, among other things, identifying, assessing and managing cybersecurity risks throughout the life of our third-party relationships. We also maintain an incident response plan, which specifies escalation and evaluation processes for cyber events. This plan is executed in close coordination with our corporate functions, including a dedicated cyber and privacy law function, external affairs, and risk management, and is designed to ensure, among other things, appropriate and timely reporting and disclosure. When we do experience cybersecurity incidents, like the cybersecurity incident we disclosed in February 2024, we aim to utilize that experience to inform and strengthen our information security program. During the period covered by this Report, we did not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. See “Item 1A. Risk Factors—Operational Risk” for a discussion of risks related to cybersecurity.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Cybersecurity risk management is integrated within our risk management framework. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Risk Management” for additional information on our risk management processes. We conduct risk identification through several processes at the business unit, corporate, senior management, and Board levels. This framework includes escalation points to Prudential’s risk committees, allowing cyber risk and control matters to be elevated to the Board of Directors or its Audit Committee for oversight.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Audit Committee of the Board of Directors, which is responsible for oversight of certain risk issues, including cybersecurity, receives reports from the CISO, the HGTO and Operational Risk Management throughout the year. At least annually, the Board and the Audit Committee also receive updates about the results of program reviews, including exercises and response readiness assessments led by outside advisors who provide a third-party independent assessment of our technical program and internal response preparedness. To the extent cybersecurity controls are related to internal control over financial reporting, such controls are considered in the context of Prudential’s annual external integrated audit. The Audit Committee regularly briefs the full Board of Directors on these matters, and the full Board of Directors also receives periodic briefings on cyber threats in order to enhance our directors’ literacy on cyber issues.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee of the Board of Directors, which is responsible for oversight of certain risk issues, including cybersecurity, receives reports from the CISO, the HGTO and Operational Risk Management throughout the year.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee of the Board of Directors, which is responsible for oversight of certain risk issues, including cybersecurity, receives reports from the CISO, the HGTO and Operational Risk Management throughout the year. At least annually, the Board and the Audit Committee also receive updates about the results of program reviews, including exercises and response readiness assessments led by outside advisors who provide a third-party independent assessment of our technical program and internal response preparedness. To the extent cybersecurity controls are related to internal control over financial reporting, such controls are considered in the context of Prudential’s annual external integrated audit.
Cybersecurity Risk Role of Management [Text Block]	The Company’s information security program is overseen by the Chief Information Security Officer (“CISO”) and Information Security Office, as well as the Head of Global Technology and Operations (“HGTO”). The CISO and Information Security Office are responsible for monitoring for, and informing management of, cybersecurity incidents impacting Prudential’s systems.The Audit Committee of the Board of Directors, which is responsible for oversight of certain risk issues, including cybersecurity, receives reports from the CISO, the HGTO and Operational Risk Management throughout the year.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company’s information security program is overseen by the Chief Information Security Officer (“CISO”) and Information Security Office, as well as the Head of Global Technology and Operations (“HGTO”).
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The CISO has served in various roles in information technology and information security for over 25 years, including serving as the head of information technology risk at two large public companies. The CISO holds a graduate degree in technology management and has attained the professional certifications of Certified Information Systems Security Professional and Certified Information Privacy Professional.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Audit Committee of the Board of Directors, which is responsible for oversight of certain risk issues, including cybersecurity, receives reports from the CISO, the HGTO and Operational Risk Management throughout the year. At least annually, the Board and the Audit Committee also receive updates about the results of program reviews, including exercises and response readiness assessments led by outside advisors who provide a third-party independent assessment of our technical program and internal response preparedness. The Audit Committee regularly briefs the full Board of Directors on these matters, and the full Board of Directors also receives periodic briefings on cyber threats in order to enhance our directors’ literacy on cyber issues.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	The Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The 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.
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. 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, which may be used to project future rates of return on investments.
Reclassifications	Revision of Previously Issued Financial Statements The Company reclassified certain amounts in prior periods to conform to the current period presentation and recorded other adjustments, including the following: During the fourth quarter of 2024, the Company identified an immaterial error in the application of adjusted operating income, its segment measure of performance, which resulted in an overstatement thereof for indexed variable and fixed annuity products within the Retirement Strategies segment in the first three quarters of 2024 and each of the four quarters of 2023. As a result, the Company has voluntarily revised its historical adjusted operating income for the relevant periods, resulting in decreases in pre-tax adjusted operating income of $149 million (unaudited) for the nine months ended September 30, 2024, and $55 million for the year ended December 31, 2023. These revisions had no impact to “Net income (loss)” for any period as determined in accordance with GAAP. See Note 23 for additional information regarding adjusted operating income. The Company corrected the prior period presentation for certain noncontrolling interests, primarily related to consolidated PGIM-managed funds, that contain redemption features that are at the option of the holder and outside of the Company’s control. These noncontrolling interests were previously reported within “Noncontrolling interests” and are now correctly presented as “Mezzanine equity” and totaled $1,153 million, $614 million and $339 million as of December 31, 2023, 2022 and 2021, respectively. The revised mezzanine equity balance of $1,766 million as of December 31, 2023 also reflected other immaterial adjustments.
Investments and Investment-Related Liabilities	Fixed maturities, available-for-sale, at fair value (“AFS debt securities”) includes bonds, notes and redeemable preferred stock that are carried at fair value. See Note 6 for additional information regarding the determination of fair value. The purchased cost of fixed maturities is adjusted for amortization of premiums and accretion of discounts to maturity or, if applicable, call date. AFS debt securities, where fair value is below amortized cost, are reviewed quarterly to determine whether the amortized cost basis of the security is recoverable. For mortgage-backed and asset-backed AFS debt securities, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. For all other AFS debt securities, qualitative factors are first considered including, but not limited to, the extent of the decline and the reasons for the decline in value (e.g., credit events, currency or interest-rate related, including general credit spread widening), and the financial condition of the issuer. If analysis of these qualitative factors results in the security needing to be impaired, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. A credit impairment recorded cannot exceed the difference between the amortized cost and fair value of the respective security. The net present value used to measure a credit impairment is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the AFS debt security at the date of acquisition. Once the Company has deemed all or a portion of the amortized cost uncollectible, the allowance is removed from the balance sheet by writing down the amortized cost basis of the AFS debt security. Any amount of an AFS debt security’s change in fair value not recorded as an allowance for credit losses will be recorded in Other Comprehensive Income (loss) (“OCI”). When an AFS debt security’s fair value is below amortized cost and the Company has the intent to sell the AFS debt security, or it is more likely than not the Company will be required to sell the AFS debt security before its anticipated recovery, the amortized cost basis of the AFS debt security is written down to fair value and any previously recognized allowance is reversed. The write-down is reported in “Realized investment gains (losses), net.” Interest income, including amortization of premium and accretion of discount, are included in “Net investment income” under the effective yield method. Prepayment premiums are also included in “Net investment income.” For high credit quality mortgage-backed and asset-backed AFS debt securities (those rated AA or above), the amortized cost and effective yield of the securities are adjusted as necessary to reflect historical prepayment experience and changes in estimated future prepayments. The adjustments to amortized cost are recorded as a charge or credit to “Net investment income” in accordance with the retrospective method. For mortgage-backed and asset-backed AFS debt securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is purchased with credit deterioration or an allowance is currently recorded for the respective security. If an investment is impaired, any changes in the estimated timing and amount of cash flows will be recorded as the credit impairment, as opposed to a yield adjustment. If the asset is purchased with credit deterioration (or previously impaired), the effective yield will be adjusted if there are favorable changes in cash flows subsequent to the allowance being reduced to zero. For mortgage-backed and asset-backed AFS debt securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries, which vary based on the asset type and geographic location, as well as the vintage year of the security. These assumptions can significantly impact income recognition, unrealized gains and loss recorded in OCI, and the amount of impairment recognized in earnings. The payment priority of the respective security is also considered. For all other AFS debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. The Company has developed these estimates using information based on its historical experience as well as using market observable data, such as industry analyst reports and forecasts, sector credit ratings and other data relevant to the collectability of a security, such as the general payment terms of the security and the security’s position within the capital structure of the issuer. “Fixed maturities, held-to-maturity, at amortized cost” (“HTM debt securities”) includes bonds that the Company has both the positive intent and ability to hold to maturity, and are carried at amortized cost, net of the current expected credit loss (“CECL”) allowance. Interest income for HTM debt securities is computed in the same manner as interest income for AFS debt securities. In the third quarter of 2023, the Company changed its intent to hold a portion of its HTM debt securities portfolio, which it would redeem as part of a reinsurance transaction. As a result, beginning September 30, 2023, the entire HTM debt securities portfolio was reclassified to AFS debt securities and recorded at fair value. Prior to the reclassification, credit impairment for HTM debt securities was recorded through a CECL allowance. The CECL allowance was generally determined based on probability of default and loss given default assumptions according to sector, credit quality and remaining time to maturity. Changes in the allowance were reported in “Realized investment gains (losses), net.” Once the Company deemed all or a portion of the amortized cost uncollectible, the uncollectible portion of the allowance was removed from the balance sheet by writing down the amortized cost basis of the security. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance was calculated separately for each HTM debt security. Key inputs to the CECL model include unpaid principal balances, credit ratings, annual expected loss factors, average life adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Fixed maturities, trading, at fair value (“Trading debt securities”) includes debt securities that are carried at fair value, such as fixed maturities with embedded features that are considered derivatives and assets contained within consolidated variable interest entities. See Note 6 for additional information regarding the determination of fair value. Realized and unrealized gains and losses for these investments are reported in “Other income (loss),” and interest income from these investments is reported in “Net investment income.” Assets supporting experience-rated contractholder liabilities, at fair value includes invested assets that consist of fixed maturities, equity securities, short-term investments and cash equivalents, that support certa in products wh ich are experience-rated, meaning that the investment results associated with these products are expected to ultimately accrue to contractholders. Realized and unrealized gains and losses for these investments are reported in “Other income (loss).” Interest and dividend income from these investments is reported in “Net investment income.” Equity securities, at fair value consists of common stock, mutual fund shares and non-redeemable preferred stock carried at fair value. Realized and unrealized gains and losses on these investments are reported in “Other income (loss),” and dividend income is reported in “Net investment income” on the ex-dividend date. Commercial mortgage and other loans consists of commercial mortgage loans, agricultural property loans, as well as certain other collateralized and uncollateralized loans. Uncollateralized loans primarily represent reverse dual currency loans and corporate loans held by the Company’s international insurance operations. Commercial mortgage and other loans originated and held for investment are generally carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses, and net of any CECL allowance. Certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans, and certain unfunded mortgage loan commitments where the Company cannot unconditionally cancel the commitment) are also subject to a CECL allowance. See Note 25 for additional information. The Company carries certain commercial mortgage loans originated within the Company’s commercial mortgage operations at fair value where the fair value option has been elected. Loans held for sale where the Company has not elected the fair value option are carried at the lower of cost or fair value. Commercial mortgage and other loans acquired, including those related to the acquisition of a business, are recorded at fair value when purchased, reflecting any premiums or discounts to unpaid principal balances. Interest income, and the amortization of the related premiums or discounts, are included in “Net investment income” under the effective yield method. Prepayment fees are also included in “Net investment income.” The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets or off-balance sheet credit exposures. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance is calculated separately for commercial mortgage loans, agricultural mortgage loans, and other collateralized and uncollateralized loans. For commercial mortgage and agricultural mortgage loans, the allowance is calculated using an internally developed CECL model that pools together loans that share similar risk characteristics. Similar risk characteristics used to create the pools include, but are not limited to, vintage, maturity, credit rating, and collateral type. Key inputs to the CECL model include unpaid principal balances, internal credit ratings, annual expected loss factors, average lives of the loans adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Information about certain key inputs is detailed below. Key factors in determining the internal credit ratings for commercial mortgage and agricultural mortgage loans include loan-to-value and debt-service-coverage ratios. Other factors include amortization, loan term, and estimated market value growth rate and volatility for the property type and region. The loan-to-value ratio compares the carrying amount of the loan to the fair value of the underlying property or properties collateralizing the loan, and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the carrying amount of the loan exceeds the collateral value. A loan-to-value ratio less than 100% indicates an excess of collateral value over the carrying amount of the loan. The debt service coverage ratio is a property’s net operating income as a percentage of its debt service payments. Debt service coverage ratios less than 1.0 indicates that property operations do not generate enough income to cover the loan’s current debt payments. A debt service coverage ratio greater than 1.0 indicates an excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage loan and agricultural property loan portfolios, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a quality re-rating process, whereby the internal quality rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary quality rating system. See Note 3 for additional information related to the loan-to-value ratios and debt service coverage ratios related to the Company’s commercial mortgage and agricultural loan portfolios. Annual expected loss rates are based on historical default and loss experience factors. Using average lives, the annual expected loss rates are converted into life-of-loan loss expectations. When individual loans no longer have the credit risk characteristics of the commercial or agricultural mortgage loan pools, they are removed from the pools and are evaluated individually for an allowance. The allowance is determined based on the outstanding loan balance less the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The CECL allowance on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. The change in allowance is reported in “Realized investment gains (losses), net.” As it relates to unfunded commitments that are in scope of this guidance, the CECL allowance is reported in “Other liabilities,” and the change in the allowance is reported in “Realized investment gains (losses), net.” The CECL allowance for other collateralized and uncollateralized loans (e.g., corporate loans) carried at amortized cost is determined based on probability of default and loss given default assumptions by sector, credit quality and average lives of the loans. Additions to, or releases of, the allowance are reported in “Realized investment gains (losses), net.” Once the Company has deemed a portion of the amortized cost to be uncollectible, the uncollectible portion of allowance is removed from the balance sheet by writing down the amortized cost basis of the loan. The carrying amount of the loan is not adjusted for subsequent recoveries in value. Interest received on loans that are past due is either applied against the principal or reported as net investment income based on the Company’s assessment as to the collectability of the principal. The Company defines “past due” as principal or interest not collected at least 30 days past the scheduled contractual due date. See Note 3 for additional information about the Company’s past due loans. The Company discontinues accruing interest on loans after the loans become 90 days delinquent as to principal or interest payments, or earlier when the Company has doubts about collectability. When the Company discontinues accruing interest on a loan, any accrued but uncollectible interest on the loan and other loans backed by the same collateral, if any, is charged against interest income in the same period. Generally, a loan is restored to accrual status only after all delinquent interest and principal are brought current and, in the case of loans where the payment of interest has been interrupted for a substantial period, or the loan has been modified, a regular payment performance has been established. Commercial mortgage and other loans are occasionally restructured. These restructurings generally include one or more of the following: full or partial payoffs outside of the original contract terms; changes to interest rates; extensions of maturity; or additions or modifications to covenants. Additionally, the Company may accept assets in full or partial satisfaction of the debt. Effective January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure, on a prospective basis. This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and requires all loan restructurings to follow the modification guidance in ASC 310-20. Prior to the adoption of ASU 2022-02, when restructurings occurred, they were evaluated individually to determine whether the restructuring or modification constituted a TDR as defined by authoritative accounting guidance. If the borrower was experiencing financial difficulty and the Company granted a concession, the restructuring, including those that involved a partial payoff or the receipt of assets in full satisfaction of the debt was deemed to be a TDR. 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. Post adoption of ASU 2022-02, all restructurings are evaluated under the modification guidance in ASC 310-20. When a loan is modified, the Company evaluates whether the restructuring results in a continuation of the existing loan or a new loan. For modifications that result in a continuation of the existing loan, the CECL allowance of the loan is remeasured using the modified terms, including the loan’s post-modification effective yield, and the allowance is adjusted accordingly. For modifications that result in a new loan, any CECL allowance is reversed and a direct write-down of the loan is recorded for the amount of the allowance, and any additional loss, net of recoveries, or any gain is recorded for the difference between the fair value of the new loan and the recorded investment in the loan. The new loan is evaluated prospectively for credit impairment based on the CECL allowance process noted above. The Company’s PGIM business provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities (“GSEs”). The Company has agreed to indemnify the GSEs for a portion of the credit risk associated with certain of the mortgages it services. Management has established a CECL allowance that factors in historical loss information, current conditions and reasonable and supportable forecasts. The allowance also considers the remaining lives of the loans subject to the indemnification. The CECL allowance is included in “Other liabilities” and changes in the CECL allowance are reported in “Realized investment gains (losses), net.” See Note 25 for additional information. Policy loans represents funds loaned to policyholders up to the cash surrender value of the associated insurance policies and are carried at the unpaid principal balances due to the Company from the policyholders. Interest income on policy loans is recognized in “Net investment income” at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policies. Other invested assets consists of the Company’s non-coupon investments in limited partnerships and limited liability companies (“LPs/LLCs”), other than joint ventures and other operating entities, as well as wholly-owned investment real estate, derivative assets and other investments. LPs/LLCs interests are accounted for using either the equity method of accounting, or at fair value with changes in fair value reported in “Other income (loss).” The Company’s income from investments in LPs/LLCs accounted for using the equity method, other than the Company’s investments in joint ventures and other operating entities, is included in “Net investment income.” The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In applying the equity method (including assessment for OTTI), the Company uses financial information provided by the investee, generally on a one to three-month lag. The Company consolidates LPs/LLCs in certain other instances where it is deemed to exercise control, or is considered the primary beneficiary of a variable interest entity. See Note 4 for additional information about VIEs. The Company’s wholly-owned investment real estate consists of real estate which the Company has the intent to hold for the production of income as well as real estate held for sale. Real estate which the Company has the intent to hold for the production of income is carried at depreciated cost less any write-downs to fair value for impairment losses and is reviewed for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Real estate held for sale is carried at the lower of depreciated cost or fair value less estimated selling costs and is not further depreciated once classified as such. An impairment loss is recognized when the carrying value of the investment real estate exceeds the estimated undiscounted future cash flows (excluding interest charges) from the investment. At that time, the carrying value of the investment real estate is written down to fair value. Decreases in the carrying value of investment real estate held for the production of income due to OTTI are recorded in “Realized investment gains (losses), net.” Depreciation on real estate held for the production of income is computed using the straight-line method over the estimated useful lives of the properties and is included in “Net investment income.” Short-term investments primarily consists of highly liquid debt instruments with a maturity of twelve months or less and greater than three months when purchased, other than those debt instruments meeting this definition that are included in “Assets supporting experience-rated contractholder liabilities, at fair value.” These investments are generally carried at fair value or amortized cost that approximates fair value and include certain money market investments, funds managed similar to regulated money market funds, short-term debt securities issued by government-sponsored entities and other highly liquid debt instruments. Accrued investment income primarily includes accruals of interest and dividend income from investments that have been earned but not yet received. Notes issued by consolidated variable interest entities represents notes issued by certain asset-backed investment vehicles, primarily collateralized loan obligations (“CLOs”), which the Company is required to consolidate. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. The Company has elected the fair value option for the majority of these notes, and has based the fair value on the corresponding bank loan collateral. Changes in fair value are reported in “Other income (loss).” Realized investment gains (losses), net includes realized gains or losses from sales and maturities of investments, changes to the allowance for credit losses, other impairments, fair value changes on mortgage loans where the fair value option has been elected, and derivative gains or losses. The derivative gains or losses include the impact of maturities, terminations and changes in fair value of the derivative instruments, including embedded derivatives, and other hedging instruments. Realized investment gains (losses) from the sales of securities are generally calculated using the specific identification method, with the exception of some of the Company’s International Businesses portfolios where the average cost method is used.
Cash and Cash Equivalents	Cash and cash equivalents includes cash on hand, amounts due from banks, certain money market investments, funds managed similar to regulated money market funds, other debt instruments with maturities of three months or less when purchased, other than cash equivalents that are included in “Assets supporting experience-rated contractholder liabilities, at fair value,” and receivables related to securities purchased under agreements to resell (see also “ Securities sold under agreements to repurchase ” below). These assets are generally carried at fair value or amortized cost which approximates fair value.
Assets and Liabilities held-for-sale
DAC	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.” Upon the adoption of ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts , the carrying amount of DAC for long-duration contracts is no longer subject to recoverability testing. DAC for most long-duration contracts 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 Businesses 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 Businesses segments is amortized in proportion to deposits. • Health contracts – DAC associated with health contracts in the International Businesses 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.
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 December 31, 2024, 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 Benefit	Market risk benefit 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 15 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 benefits. 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 non-performance risk (“NPR”) which is recorded in OCI. See Note 14 for additional information regarding market risk benefits. See “Reinsurance” below for information regarding the reinsurance of MRBs.
Reinsurance	Reinsurance recoverables and deposit receivables includes amounts recoverable under reinsurance agreements and receivables that follow the deposit method of accounting (see “Reinsurance” below). Reinsurance and funds withheld payables represents amounts payable under reinsurance agreements (see “Reinsurance” below). 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 15 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 “Reinsurance recoverables and deposit receivables” and amounts payable are included in “Reinsurance and funds withheld payables.” “Reinsurance recoverables and deposit receivables” also includes (1) an embedded derivative on deposit receivables where the Company has ceded fixed indexed annuities; and (2) embedded derivatives associated with receivables from modified coinsurance arrangements where the Company is the reinsurer, and net receivables from modified coinsurance arrangements where the Company is the cedant, and generally reflect the fair value of the invested assets retained by the cedant. “Reinsurance and funds withheld payables” also includes amounts payable to the reinsurer under coinsurance with funds withheld or net payables from modified coinsurance arrangements where the Company is the cedant, and generally reflect the fair value of the invested assets retained by the Company and contain an embedded derivative that is bifurcated and accounted for at fair value separately from the host contract, with changes in fair value recorded through “Realized investment gains (losses), net.” 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 reinsurance recoverable resulting from such updates recorded in “Interest rate remeasurement of future policy benefits” in OCI. For reinsurance of limited-payment contracts, the Company establishes a cost of reinsurance asset relating to the direct DPL and amortizes this balance through “Premiums” using the same methodology and assumptions used to amortize the direct DPL. For reinsurance of existing in-force blocks of long-duration contracts that transfer significant insurance risk, the difference between the fair value of the net consideration exchanged and the net liabilities ceded related to the underlying reinsured contracts is considered the net cost of reinsurance at the inception of the reinsurance agreement. This initial net cost of reinsurance is deferred and amortized into income over the remaining life of the reinsured policies on a basis consistent with the methodologies and assumptions used for amortizing DAC. This initial net cost of reinsurance may result in a deferred reinsurance gain which is recorded in “Other liabilities” and amortized through “Other income (loss),” or a deferred reinsurance loss which is recorded in “Other assets” and amortized through “General and administrative expenses.” Consistent with direct contracts, reinsurance arrangements may also include features that meet the definition of MRBs 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 “Reinsurance and funds withheld payables” and deposits made are included in “Reinsurance recoverables and deposit receivables.” 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 “Other income (loss)” or “General and administrative expenses,” as appropriate.
Other Assets and Other Liabilities	Other assets consists primarily of prepaid pension benefit costs (see Note 19), 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 joint ventures and other operating entities, property and equipment, deferred reinsurance losses (see “Reinsurance” below) and receivables resulting from sales of securities that had not yet settled at the balance sheet date. Trade receivables primarily relate to Assurance IQ (“AIQ”) and are reported net of the CECL allowance. The CECL allowance considers the credit quality of the counterparties and is generally determined based on probability of default and loss given default assumptions. Additions to or releases of the allowance are reported in “General and administrative expenses.” In March 2024, the Company committed to a plan to exit the operations of AIQ. Property and equipment are carried at cost less accumulated depreciation. Depreciation is determined using the straight-line method over the estimated useful lives of the related assets, which generally range from 3 to 40 years. As a result of certain acquisitions, the Company recognizes an asset for goodwill representing the excess of cost over the net fair value of the assets acquired and liabilities assumed. Goodwill is assigned to reporting units at the date the goodwill is initially recorded. A reporting unit is an operating segment, or a unit one level below the operating segment if discrete financial information is prepared and regularly reviewed by management at that level. Once goodwill has been assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or organically grown, are available to support the value of the goodwill. The Company tests goodwill for impairment annually as of December 31 and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Accounting guidance provides for an optional qualitative assessment for testing goodwill impairment that may allow companies to skip the quantitative test. As part of the annual goodwill impairment test, the Company estimates the fair value of the reporting units by applying the quantitative test, which involves comparing each reporting unit’s fair value to its carrying value including goodwill. If the fair value of a reporting unit exceeds its carrying value, the applicable goodwill is considered not to be impaired. If the carrying value exceeds fair value, goodwill is reduced and an impairment charge to income is recognized for the excess. The measurement of a goodwill impairment loss includes the related income tax effect from any tax deductible goodwill. The impairment loss cannot exceed the amount of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. Management is required to make significant estimates in determining the fair value of a reporting unit including, but not limited to: projected revenues and operating margins, applicable discount and growth rates, and comparative market multiples. See Note 10 for additional information regarding goodwill. 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. Identifiable intangible assets primarily include customer relationships and mortgage servicing rights and are recorded net of accumulated amortization. The Company tests identifiable intangible assets for impairment on an annual basis as of December 31 of each year or whenever events or circumstances suggest that the carrying value of an identifiable intangible asset may exceed the sum of the undiscounted cash flows expected to result from its use and eventual disposition. If this condition exists and the carrying value of an identifiable intangible asset exceeds its fair value, the excess is recognized as an impairment and is recorded as a charge against net income. Measuring intangible assets requires the use of estimates. Significant estimates include the projected net cash flow attributable to the intangible asset and the rate at which future net cash flows are discounted for purposes of estimating fair value, as applicable. See Note 10 for additional information regarding identifiable intangible assets. Investments in joint ventures and other operating entities are generally accounted for under the equity method. The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. See Note 9 for additional information regarding investments in joint ventures and other operating entities. Other liabilities consists primarily of trade payables, lease liabilities (see “ Other assets ” above), pension and other employee benefit liabilities (see Note 19), derivative liabilities (see “ Derivative Financial Instruments ” below), deferred reinsurance gains (see “Reinsurance” below) and payables resulting from purchases of securities that had not yet settled at the balance sheet date.
Lessor, Leases	Leases are recorded on the balance sheet as “right-of-use” assets and lease liabilities within “Other assets” and “Other liabilities” respectively. Leases are classified as either operating or finance leases and lease expense is recognized within “General and administrative expenses.” As a lessee, for operating leases, total lease expense is recognized using a straight-line method. Finance leases are treated as the purchase of an asset on a financing basis. Additionally, as a lessor, for sales-type and direct financing leases, the Company derecognizes the carrying value of the leased asset that is considered to have been transferred to a lessee and records a lease receivable and residual asset (“receivable and residual” approach). See Note 11 for additional information regarding leases.
Lessee, Leases	Leases are recorded on the balance sheet as “right-of-use” assets and lease liabilities within “Other assets” and “Other liabilities” respectively. Leases are classified as either operating or finance leases and lease expense is recognized within “General and administrative expenses.” As a lessee, for operating leases, total lease expense is recognized using a straight-line method. Finance leases are treated as the purchase of an asset on a financing basis. Additionally, as a lessor, for sales-type and direct financing leases, the Company derecognizes the carrying value of the leased asset that is considered to have been transferred to a lessee and records a lease receivable and residual asset (“receivable and residual” approach). See Note 11 for additional information regarding leases.
Future Policy Benefits	Future policy benefits primarily consists 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 12 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 in the second quarter of each year for future cash flow assumption updates during the Company’s annual assumptions review process 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 on or 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 deposited to fixed and indexed funds 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). Any adjustments to this liability related to net unrealized gains (losses) on securities classified as available-for-sale are included in AOCI. 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 unearned revenue reserves (“URR”), net of reinsurance, and any DSI or VOBA asset), the existing net reserves are adjusted by first reducing assets such as DSI, VOBA or deferred reinsurance loss 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. 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	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. 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 13 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.
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 16. 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.
Securities repurchase and resale agreements and securities loaned transactions	Securities sold under agreements to repurchase represents liabilities associated with securities repurchase agreements that are used primarily to earn spread income. As part of securities repurchase agreements, the Company transfers U.S. government and government agency securities to a third party and receives cash as collateral. For securities repurchase agreements, the cash received is typically invested in cash equivalents, short-term investments or fixed maturities. Receivables associated with securities purchased under agreements to resell are generally reflected as cash equivalents. As part of securities resale agreements, the Company invests cash and receives as collateral U.S. government securities or other debt securities. Securities repurchase and resale agreements that satisfy certain criteria are treated as secured borrowing or secured lending arrangements. These agreements are carried at the amounts at which the securities will be subsequently resold or reacquired, as specified in the respective transactions. For securities purchased under agreements to resell, the Company’s policy is to take possession or control of the securities either directly or through a third-party custodian. These securities are valued daily, and additional securities or cash collateral is received, or returned, when appropriate to protect against credit exposure. Securities to be resold are the same, or substantially the same, as the securities received. The majority of these transactions are with large brokerage firms and large banks. For securities sold under agreements to repurchase, the market value of the securities to be repurchased is monitored, and additional collateral is obtained where appropriate, to protect against credit exposure. The Company obtains collateral in an amount at least equal to 95% of the fair value of the securities sold. Securities to be repurchased are the same, or substantially the same, as those sold. The majority of these transactions are with highly rated money market funds. Income and expenses related to these transactions executed within the insurance companies used to earn spread income are reported as “Net investment income.” Cash collateral for loaned securities represents liabilities to return cash proceeds from security lending transactions. Securities lending transactions are used primarily to earn spread income. As part of securities lending transactions, the Company transfers U.S. and foreign debt and equity securities, as well as U.S. government and government agency securities, and receives cash as collateral. Cash proceeds from securities lending transactions are primarily used to earn spread income, and are typically invested in cash equivalents, short-term investments or fixed maturities. Securities lending transactions are treated as financing arrangements and are recorded at the amount of cash received. The Company obtains collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. The Company monitors the market value of the securities loaned on a daily basis with additional collateral obtained as necessary. Substantially all of the Company’s securities lending transactions are with large brokerage firms and large banks. Income and expenses associated with securities lending transactions used to earn spread income are reported as “Net investment income.”
Short-Term and Long-Term Debt	Short-term and long-term debt liabilities are primarily carried at an amount equal to unpaid principal balance, net of unamortized discount or premium and debt issuance costs. Original-issue discount or premium and debt-issue costs are recognized as a component of interest expense over the period the debt is expected to be outstanding, using the interest method of amortization. Interest expense is generally presented within “General and administrative expenses” in the Company’s Consolidated Statements of Operations. Interest expense may also be reported within “Net investment income” for certain activity, as prescribed by specialized industry guidance. Short-term debt is debt coming due in the next twelve months, including that portion of debt otherwise classified as long-term. The short-term debt caption may exclude short-term debt items for which the Company has the intent and ability to refinance on a long-term basis in the near-term. See Note 18 for additional information regarding short-term and long-term debt.
Contingent Liabilities	Commitments and contingent liabilities are accrued if it is probable that a liability has been incurred and an amount is reasonably estimable. Management evaluates whether there are incremental legal or other costs directly associated with the ultimate resolution of the matter that are reasonably estimable and, if so, they are included in the accrual. These accruals are generally reported in “Other liabilities.”
Redeemable Noncontrolling Interest	Redeemable noncontrolling interests includes redeemable noncontrolling interests associated with certain consolidated PGIM-managed entities. These redeemable noncontrolling interests are classified as “Mezzanine equity” because their redemption is at the option of the holder and not within the control of the Company. Income (loss) attributable to redeemable noncontrolling interests is reported in “Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests.”
Insurance Revenue and Expense Recognition	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.
Asset Management and Service Fees	Asset management and service fees principally includes asset-based asset management fees, which are recognized in the period in which the services are performed. In certain asset management fee arrangements, the Company is entitled to receive performance-based incentive fees when the return on assets under management exceeds certain benchmark returns or other performance targets. The Company may be required to return all, or part, of such performance-based incentive fees depending on future performance of these assets relative to performance benchmarks. The Company records performance-based incentive fee revenue when the contractual terms of the asset management fee arrangement have been satisfied and it is probable that a significant reversal in the amount of the fee will not occur. Under this principle, the Company records a deferred performance-based incentive fee liability to the extent it receives cash related to the performance-based incentive fee prior to meeting the revenue recognition criteria delineated above.
Other Income	Other income (loss) includes realized and unrealized gains or losses from investments classified “Fixed maturities, trading, at fair value,” “Assets supporting experience-rated contractholder liabilities, at fair value,” “Equity securities, at fair value,” and “Other invested assets” that are measured at fair value and consolidated entities that follow specialized investment company fair value accounting. “Other income (loss)” also includes gains and losses primarily related to the remeasurement of foreign currency denominated assets and liabilities, as discussed in more detail under “ Foreign Currency ” below, as well as gains and losses related to business dispositions. See Note 1 for additional information regarding these dispositions. Additionally, for digital insurance brokerage placement services provided by AIQ, the Company earns both initial and renewal commissions as compensation for the placement of insurance policies with insurance carriers. At the effective date of the policy, the Company records within “Other income (loss)” the expected lifetime revenue for the initial and renewal commissions considering estimates of the timing of future policy cancellations. These estimates are reassessed each reporting period and any changes in estimates are reflected in the current period. In March 2024, the Company committed to a plan to exit the operations of AIQ.
Income Taxes	Income taxes receivable (payable) primarily represents the net deferred tax asset or liability and the Company’s estimated taxes receivable or payable for the current year and open audit years. The Company and its includable domestic subsidiaries file a consolidated federal income tax return that includes both life insurance companies and non-life insurance companies. Subsidiaries operating outside the U.S. are taxed, and income tax expense is recorded, based on applicable foreign statutes. See Note 17 for a discussion of certain non-U.S. jurisdictions for which the Company assumes repatriation of earnings. Items required by tax regulations to be included in the tax return may differ from the items reflected in the financial statements. As a result, the effective tax rate reflected in the financial statements may be different than the actual rate applied on the tax return. Some of these differences are permanent such as expenses that are not deductible in the Company’s tax return, and some differences are temporary, reversing over time, such as valuation of insurance reserves. Temporary differences create deferred tax assets and liabilities. Deferred tax assets generally represent items that can be used as a tax deduction or credit in future years for which the Company has already recorded the tax benefit in the Company’s Consolidated Statements of Operations. Deferred tax liabilities generally represent tax expense recognized in the Company’s financial statements for which payment has been deferred, or expenditures for which the Company has already taken a deduction in the Company’s tax return but have not yet been recognized in the Company’s financial statements. Deferred income taxes are recognized, based on enacted rates, when assets and liabilities have different values for financial statement and tax reporting purposes. The application of U.S. GAAP requires the Company to evaluate the recoverability of the Company’s deferred tax assets and establish a valuation allowance if necessary to reduce the Company’s deferred tax assets to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. See Note 17 for a discussion of factors considered when evaluating the need for a valuation allowance. The U.S. Tax Cuts and Jobs Act of 2017 (“Tax Act of 2017”) included two new tax provisions that could impact the Company’s effective tax rate and cash tax payments. The Base Erosion and Anti-Abuse Tax (“BEAT”) taxes modified taxable income, starting at a rate of 10% in 2019 and increasing to 12.5% in 2026, and is due if the calculated BEAT amount that is determined without the benefit of foreign and certain tax credits is greater than the regular corporate tax in any given year. In general, modified taxable income is calculated by adding back to a taxpayer’s regular taxable income the amount of certain “base erosion tax benefits” with respect to payments to foreign affiliates, as well as the “base erosion percentage” of any net operating loss deductions. Final Regulations confirmed that benefit and claim payments made by the Company’s U.S. insurance business to foreign affiliates on reinsurance assumed by the U.S. affiliates are not base erosion payments. The Global Intangible Low-Taxed Income (“GILTI”) provision applies a minimum U.S. tax to earnings of consolidated foreign subsidiaries in excess of a 10% deemed return on tangible assets of foreign subsidiaries by imposing the U.S. tax rate to 50% of earnings of such foreign affiliates and provides for a partial foreign tax credit for foreign income taxes. Beginning in 2026, the GILTI provisions will operate to impose the U.S. tax to 62.5% of such earnings. The amount of tax in any period on GILTI can depend on annual differences between U.S. taxable income recognition rules and taxable income recognition rules in the country of operations and the overall taxable income of U.S. operations, as well as U.S. expense allocation rules which limit the amount of foreign tax credits that can be applied to reduce the U.S. tax on the GILTI provision. Under certain circumstances, the taxable income of U.S. operations may cause more than 50% of earnings of foreign affiliates to be subject to the GILTI provision. In years that the PFI consolidated federal income tax return reports a net operating loss or has a loss attributable to U.S. sources of operations, including as a result of loss carrybacks, the GILTI provision would cause a loss of U.S. tax benefits for some or all of those losses, effectively increasing the tax on foreign earnings. The Company accounts for the effects of the BEAT and GILTI provisions as a period cost if and when incurred. U.S. GAAP prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that a company has taken or expects to take on tax returns. The application of this guidance is a two-step process. First, the Company determines whether it is more likely than not, based on the technical merits, that the tax position will be sustained upon examination. If a tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The second step is measurement. The Company measures the tax position as the largest amount of benefit that is greater than 50% likely to be realized upon ultimate resolution with a taxing authority that has full knowledge of all relevant information. This measurement considers the amounts and probabilities of the outcomes that could be realized upon ultimate settlement using the facts, circumstances, and information available at the reporting date. The Company accrues a liability for unrecognized tax benefits, interest and penalties which relate to tax years still subject to review by the Internal Revenue Service (“IRS”) or other taxing jurisdictions. Audit periods remain open for review until the statute of limitations has passed. Generally, for tax years which produce net operating losses, capital losses or tax credit carryforwards (“tax attributes”), the statute of limitations does not close, to the extent of these tax attributes, until the expiration of the statute of limitations for the tax year in which they are fully utilized. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the liability for income taxes. The Company classifies all interest and penalties related to tax uncertainties as income tax expense. See Note 17 for additional information regarding income taxes.
Share-Based Payments	Share-Based Payments The Company applies the fair value-based measurement method in accounting for share-based payment transactions with employees except for equity instruments held by employee share ownership plans. Excess tax benefits (deficits) are recorded in earnings and represent the cumulative difference between the actual tax benefit realized and the amount of deferred tax assets recorded attributable to shared-based payment transactions. The Company accounts for non-employee stock options using the fair value method in accordance with authoritative guidance and related interpretations on accounting for equity instruments that are issued to other than employees for acquiring, or in conjunction with selling, goods or services.
Earnings Per Share	Earnings Per Share Earnings per share of Common Stock reflects the consolidated earnings of Prudential Financial. Basic earnings per share is computed by dividing available income attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share includes the effect of all dilutive potential common shares that were outstanding during the period. See Note 21 for additional information.
Foreign Currency	Foreign Currency The currency in which the Company prepares its financial statements (the “reporting currency”) is the U.S. dollar. Assets, liabilities and results of foreign operations are recorded based on the functional currency of each foreign operation. The determination of the functional currency is based on economic facts and circumstances pertaining to each foreign operation. The local currencies of the Company’s foreign operations are typically their functional currencies with the most significant exception being the Company’s Japanese operations where multiple functional currencies exist. There are two distinct processes for expressing these foreign transactions and balances in the Company’s financial statements: foreign currency measurement and foreign currency translation. Foreign currency measurement is the process by which transactions in foreign currencies are expressed in the functional currency. Gains and losses resulting from foreign currency measurement are reported in current earnings in “Other income (loss).” Foreign currency translation is the process of expressing a foreign entity’s functional currency financial statements in the reporting currency. Assets and liabilities of foreign operations and subsidiaries reported in currencies other than U.S. dollars are translated at the exchange rate in effect at the end of the period. Revenues, benefits and other expenses are translated at the average rate prevailing during the period. The effects of translating the statements of operations and financial position of non-U.S. entities with functional currencies other than the U.S. dollar are included, net of related qualifying hedge gains and losses and income taxes, in “Foreign currency translation adjustment,” a component of AOCI.
Derivative Financial Instruments	Derivative Financial Instruments Derivatives are financial instruments whose values are derived from interest rates, foreign exchange rates, financial indices, values of securities or commodities, credit spreads, market volatility, expected returns, and liquidity. Values can also be affected by changes in estimates and assumptions, including those related to counterparty behavior and NPR used in valuation models. Derivative financial instruments generally used by the Company include swaps, futures, forwards and options and may be exchange-traded or contracted in the over-the-counter (“OTC”) market. Certain of the Company’s OTC derivatives are cleared and settled through central clearing counterparties (OTC-cleared), while others are bilateral contracts between two counterparties (OTC-bilateral). Derivative positions are carried at fair value, generally by obtaining quoted market prices or through the use of valuation models. Derivatives are used to manage the interest rate and currency characteristics of assets or liabilities and to mitigate volatility of expected non-functional currency earnings and net investments in foreign operations resulting from changes in currency exchange rates. Additionally, derivatives may be used to reduce exposure to risks such as interest rate, credit, foreign currency and equity associated with assets held or expected to be purchased or sold, and liabilities incurred or expected to be incurred. As discussed in detail below, and in Note 5, all realized and unrealized changes in fair value of derivatives are recorded in current earnings, with the exception of cash flow hedges and hedges of net investments in foreign operations. The Company may also enter into intercompany derivatives, the results of which ultimately eliminate in consolidation over the term of the instrument. Cash flows from derivatives are reported in the operating, investing, or financing activities sections in the Consolidated Statements of Cash Flows based on the nature and purpose of the derivative. Derivatives are recorded either as assets, within “Other invested assets,” or as liabilities, within “Other liabilities,” except for embedded derivatives which are recorded with the associated host contract. The Company nets the fair value of all derivative financial instruments with counterparties for which a master netting arrangement has been executed. The Company designates derivatives as either (1) a hedge of the fair value of a recognized asset or liability or unrecognized firm commitment (“fair value” hedge); (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge); (3) a foreign currency fair value or cash flow hedge (“foreign currency” hedge); (4) a hedge of a net investment in a foreign operation; or (5) a derivative that does not qualify for hedge accounting. To qualify for hedge accounting treatment, a derivative must be highly effective in mitigating the designated risk of the hedged item. Effectiveness of the hedge is formally assessed at inception and throughout the life of the hedging relationship. The Company formally documents at inception all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives designated as fair value, cash flow, or foreign currency hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. Hedges of a net investment in a foreign operation are linked to the specific foreign operation. When a derivative is designated as a fair value hedge and is determined to be highly effective, changes in its fair value, along with changes in the fair value of the hedged asset or liability (including losses or gains on firm commitments), are reported on a net basis in the Consolidated Statements of Operations, generally in “Realized investment gains (losses), net.” When swaps are used in hedge accounting relationships, periodic settlements are recorded in the same Consolidated Statements of Operations line as the related settlements of the hedged items. When a derivative is designated as a cash flow hedge and is determined to be highly effective, changes in its fair value are recorded in AOCI until earnings are affected by the variability of cash flows being hedged (e.g., when periodic settlements on a variable-rate asset or liability are recorded in earnings). At that time, the related portion of deferred gains or losses on the derivative instrument is reclassified and reported in the Consolidated Statements of Operations line item associated with the hedged item. When a derivative is designated as a foreign currency hedge and is determined to be highly effective, changes in its fair value are recorded either in current period earnings if the hedge transaction is a fair value hedge (e.g., a hedge of a recognized foreign currency asset or liability) or in AOCI if the hedge transaction is a cash flow hedge (e.g., a foreign currency denominated forecasted transaction). When a derivative is used as a hedge of a net investment in a foreign operation, its change in fair value is accounted for in the same manner as a translation adjustment (i.e., reported in the cumulative translation adjustment account within AOCI). If it is determined that a derivative no longer qualifies as an effective fair value or cash flow hedge or management removes the hedge designation, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net.” In this scenario, the hedged asset or liability under a fair value hedge will no longer be adjusted for changes in fair value associated with the hedged risk and the existing basis adjustment is amortized to the Consolidated Statements of Operations line associated with the asset or liability. The component of AOCI related to discontinued cash flow hedges is reclassified to the Consolidated Statements of Operations line associated with the hedged cash flows consistent with the earnings impact of the original hedged cash flows. When hedge accounting is discontinued because the hedged item no longer meets the definition of a firm commitment, or because it is probable that the forecasted transaction will not occur by the end of the specified time period, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net.” Any asset or liability that was recorded pursuant to recognition of the firm commitment is removed from the balance sheet and recognized currently in “Realized investment gains (losses), net.” Gains and losses that were in AOCI pursuant to the cash flow hedge of a forecasted transaction are recognized immediately in “Realized investment gains (losses), net.” If a derivative does not qualify for hedge accounting, all changes in its fair value, including net receipts and payments, are included in “Realized investment gains (losses), net” without considering changes in the fair value of the economically associated assets or liabilities. The Company is a party to financial instruments that contain derivative instruments that are “embedded” in the financial instruments. At inception, the Company assesses whether the economic characteristics of the embedded instrument are clearly and closely related to the economic characteristics of the remaining component of the financial instrument (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When it is determined that (1) the embedded instrument possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded instrument qualifies as an embedded derivative that is separated from the host contract, carried at fair value, and changes in its fair value are included in “Realized investment gains (losses), net.” For certain financial instruments that contain an embedded derivative that otherwise would need to be bifurcated and reported at fair value, the Company may elect to carry the entire instrument at fair value and report it within “Other invested assets” or “Other liabilities.”
Future Adoption Of New Accounting Pronouncements	ASUs adopted during the year ended December 31, 2024 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU requires entities to provide more detailed information about significant segment expenses that are regularly provided to the chief operating decision maker. Effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, using the retrospective method. Adoption of the ASU did not have an impact on the Company’s Consolidated Financial Statements but resulted in expanded disclosures in the Notes to the Consolidated Financial Statements. ASUs issued but not yet adopted as of December 31, 2024 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2024-03—Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (DISE) This ASU requires public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements. Effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted and applied either prospectively or retrospectively. The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU 2023-09 Income Taxes (Topic 740) Improvements to Income Tax Disclosures This ASU requires entities to provide additional information primarily related to the effective tax rate reconciliation and income taxes paid. Effective for fiscal years beginning after December 15, 2024, and permits early adoption. The Company plans to adopt the ASU for the annual reporting period beginning on January 1, 2025. The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2024
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: December 31, 2024 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 $ 24,869 $ 584 $ 5,105 $ 0 $ 20,348 Obligations of U.S. states and their political subdivisions 6,590 132 618 0 6,104 Foreign government securities 63,523 1,837 7,881 0 57,479 U.S. public corporate securities 108,883 1,226 11,529 72 98,508 U.S. private corporate securities(1) 45,854 918 2,926 57 43,789 Foreign public corporate securities 23,165 248 1,421 10 21,982 Foreign private corporate securities 38,652 314 4,311 192 34,463 Asset-backed securities(2) 16,979 214 59 0 17,134 Commercial mortgage-backed securities 9,791 29 547 0 9,273 Residential mortgage-backed securities(3) 2,698 15 223 0 2,490 Total fixed maturities, available-for-sale(1) $ 341,004 $ 5,517 $ 34,620 $ 331 $ 311,570 __________ (1) Excludes notes with amortized cost of $14,748 million (fair value, $14,748 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, home equity loans, auto loans, education loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. December 31, 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 $ 24,874 $ 1,091 $ 4,169 $ 0 $ 21,796 Obligations of U.S. states and their political subdivisions 8,650 267 459 0 8,458 Foreign government securities 71,556 3,895 5,208 53 70,190 U.S. public corporate securities 105,593 2,357 9,711 67 98,172 U.S. private corporate securities(1) 42,801 807 2,574 14 41,020 Foreign public corporate securities 20,473 487 1,298 19 19,643 Foreign private corporate securities 35,128 613 3,446 5 32,290 Asset-backed securities(2) 12,514 202 119 2 12,595 Commercial mortgage-backed securities 10,571 34 713 0 9,892 Residential mortgage-backed securities(3) 2,438 24 197 0 2,265 Total fixed maturities, available-for-sale(1) $ 334,598 $ 9,777 $ 27,894 $ 160 $ 316,321 __________ (1) Excludes notes with amortized cost of $12,370 million (fair value, $12,370 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by 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.
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: December 31, 2024 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 $ 6,667 $ 334 $ 10,161 $ 4,771 $ 16,828 $ 5,105 Obligations of U.S. states and their political subdivisions 1,592 53 3,288 565 4,880 618 Foreign government securities 8,280 349 20,780 7,532 29,060 7,881 U.S. public corporate securities 25,420 1,036 48,152 10,485 73,572 11,521 U.S. private corporate securities 7,581 183 24,846 2,743 32,427 2,926 Foreign public corporate securities 5,751 170 8,084 1,246 13,835 1,416 Foreign private corporate securities 8,702 282 18,862 4,010 27,564 4,292 Asset-backed securities 1,488 11 1,015 48 2,503 59 Commercial mortgage-backed securities 1,092 8 6,432 539 7,524 547 Residential mortgage-backed securities 361 4 1,377 219 1,738 223 Total fixed maturities, available-for-sale $ 66,934 $ 2,430 $ 142,997 $ 32,158 $ 209,931 $ 34,588 December 31, 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 $ 2,718 $ 95 $ 12,642 $ 4,074 $ 15,360 $ 4,169 Obligations of U.S. states and their political subdivisions 862 14 3,816 445 4,678 459 Foreign government securities 9,098 542 19,589 4,664 28,687 5,206 U.S. public corporate securities 4,881 103 61,204 9,604 66,085 9,707 U.S. private corporate securities 3,026 69 27,062 2,504 30,088 2,573 Foreign public corporate securities 1,766 37 10,812 1,246 12,578 1,283 Foreign private corporate securities 1,578 120 22,145 3,324 23,723 3,444 Asset-backed securities 846 30 5,886 89 6,732 119 Commercial mortgage-backed securities 287 3 8,251 710 8,538 713 Residential mortgage-backed securities 92 2 1,599 195 1,691 197 Total fixed maturities, available-for-sale $ 25,154 $ 1,015 $ 173,006 $ 26,855 $ 198,160 $ 27,870
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: December 31, 2024 Available-for-sale Amortized Fair (in millions) Fixed maturities: Due in one year or less $ 9,963 $ 9,930 Due after one year through five years 58,822 57,973 Due after five years through ten years(1) 63,001 61,513 Due after ten years(1) 179,750 153,257 Asset-backed securities 16,979 17,134 Commercial mortgage-backed securities 9,791 9,273 Residential mortgage-backed securities 2,698 2,490 Total $ 341,004 $ 311,570 __________ (1) Excludes notes with amortized cost of $14,748 million (fair value, $14,748 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: Years Ended December 31, 2024 2023 2022 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 36,727 $ 27,161 $ 33,010 Proceeds from maturities/prepayments 22,432 17,010 17,957 Gross investment gains from sales and maturities 1,400 973 1,240 Gross investment losses from sales and maturities (3,553) (2,183) (2,589) Write-downs recognized in earnings(2) (924) (81) (116) (Addition to) release of allowance for credit losses (195) (22) (24) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 0 $ 21 $ 37 (Addition to) release of allowance for credit losses 0 2 2 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(100) million, $(74) million and $(144) million for the years ended December 31, 2024, 2023 and 2022, respectively. (2) Amounts represent securities actively marketed for sale, securities where it is more likely than not the Company will be required to sell prior to the recovery of the amortized cost basis and write-downs on credit adverse securities. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of
Allowance for Credit Losses for Fixed Maturity Securities	The following tables set forth the balance of and changes in the allowance for credit losses for fixed maturity securities, as of and for the periods indicated: Year Ended December 31, 2024 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Securities 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 $ 53 $ 105 $ 2 $ 0 $ 0 $ 160 Additions to allowance for credit losses not previously recorded 0 0 235 0 0 0 235 Reductions for securities sold during the period 0 (30) (55) 0 0 0 (85) Reductions for securities with intent to sell 0 0 0 0 0 0 0 Additions (reductions) on securities with previous allowance 0 (23) 46 (2) 0 0 21 Write-downs charged against the allowance 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 331 $ 0 $ 0 $ 0 $ 331 Year Ended December 31, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Securities 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 99 0 0 0 161 Reductions for securities sold during the period 0 0 (162) 0 0 0 (162) Additions (reductions) on securities with previous allowance 0 (10) 49 1 0 0 40 Write-downs charged against the allowance 0 0 (17) 0 0 0 (17) Balance, end of period $ 0 $ 53 $ 105 $ 2 $ 0 $ 0 $ 160 Year Ended December 31, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Securities 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(1) 0 0 (2) 0 0 0 (2) Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) In the third quarter of 2023, the Company changed its intent to hold a portion of its held-to-maturity portfolio, which was redeemed as part of a recently announced reinsurance transaction. As a result, the entire held-to-maturity portfolio was reclassified to available-for-sale and recorded at fair value.
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: December 31, 2024 December 31, 2023 Amortized Fair Amortized Fair (in millions) Fixed maturities: Corporate securities $ 68 $ 67 $ 81 $ 79 Foreign government securities 544 539 606 604 Obligations of U.S. government authorities and agencies and obligations of U.S. states 207 220 202 206 Total fixed maturities(1) 819 826 889 889 Equity securities 1,763 2,881 1,607 2,279 Total assets supporting experience-rated contractholder liabilities(2) $ 2,582 $ 3,707 $ 2,496 $ 3,168 __________ (1) As a percentage of amortized cost, 99% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both December 31, 2024 and 2023. (2) As a percentage of amortized cost, 100% of the portfolio consisted of public securities as of both December 31, 2024 and 2023.
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: December 31, 2024 December 31, 2023 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 56,457 $ 51,177 $ 62,591 $ 61,484 Fixed maturities, trading 18 18 19 19 Assets supporting experience-rated contractholder liabilities 472 462 522 514 Total $ 56,947 $ 51,657 $ 63,132 $ 62,017 December 31, 2024 December 31, 2023 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,753 $ 2,251 $ 3,028 $ 2,992 Fixed maturities, trading 44 40 0 0 Short-term investments 2 2 0 0 Cash equivalents 228 228 427 427 Total $ 3,027 $ 2,521 $ 3,455 $ 3,419
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: December 31, 2024 December 31, 2023 Amount % of Amount % of ($ in millions) Commercial mortgage and agricultural property loans by property type: Office $ 7,867 12.7 % $ 8,402 14.2 % Retail 5,552 9.0 5,384 9.1 Apartments/Multi-Family 17,522 28.3 16,555 28.0 Industrial 16,900 27.3 15,263 25.8 Hospitality 1,831 3.0 2,086 3.5 Other 4,386 7.1 4,069 6.9 Total commercial mortgage loans 54,058 87.4 51,759 87.5 Agricultural property loans 7,775 12.6 7,426 12.5 Total commercial mortgage and agricultural property loans 61,833 100.0 % 59,185 100.0 % Allowance for credit losses (528) (459) Total net commercial mortgage and agricultural property loans 61,305 58,726 Other loans: Uncollateralized loans 595 425 Residential property loans 19 30 Other collateralized loans 468 125 Total other loans 1,082 580 Allowance for credit losses (46) (1) Total net other loans 1,036 579 Total net commercial mortgage and other loans(1) $ 62,341 $ 59,305 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of December 31, 2024 and 2023, the net carrying value of these loans was $702 million and $519 million, respectively. Commercial Mortgage Loan Commitments As of December 31, 2024 2023 (in millions) Total outstanding mortgage loan commitments $ 2,552 $ 1,798 Portion of commitment where prearrangement to sell to investor exists $ 578 $ 366 Indemnification of Serviced Mortgage Loans As of December 31, 2024 2023 (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 3,272 $ 3,102 First-loss exposure portion of above $ 942 $ 898 Accrued liability associated with guarantees(1) $ 25 $ 28 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $12 million and $14 million as of December 31, 2024 and 2023, respectively. The change in allowance is a reduction of $2 million and $3 million
Allowance for Credit Losses	The following table sets forth the balance of and changes in the allowance for credit losses for commercial mortgage and other loans, as of and for the periods ended: Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance at December 31, 2021 $ 111 $ 4 $ 0 $ 0 $ 4 $ 119 Addition to (release of) allowance for expected losses 72 9 0 0 (1) 80 Other 5 0 0 0 (1) 4 Balance at December 31, 2022 188 13 0 0 2 203 Addition to (release of) allowance for expected losses 282 3 0 0 (1) 284 Write-downs charged against the allowance (29) 0 0 0 0 (29) Other 2 0 0 0 0 2 Balance at December 31, 2023 443 16 0 0 1 460 Addition to (release of) allowance for expected losses 100 110 0 32 13 255 Write-downs charged against the allowance (132) (5) 0 0 0 (137) Other (4) 0 0 0 0 (4) Balance at December 31, 2024 $ 407 $ 121 $ 0 $ 32 $ 14 $ 574
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: December 31, 2024 Amortized Cost by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 2,122 $ 1,492 $ 1,183 $ 2,295 $ 1,378 $ 16,652 $ 36 $ 25,158 60%-69.99% 4,726 2,287 1,013 2,192 846 5,113 0 16,177 70%-79.99% 809 1,326 953 1,327 446 2,293 0 7,154 80% or greater 48 135 482 216 281 4,407 0 5,569 Total $ 7,705 $ 5,240 $ 3,631 $ 6,030 $ 2,951 $ 28,465 $ 36 $ 54,058 Debt Service Coverage Ratio: Greater than 1.2x $ 6,771 $ 4,563 $ 3,283 $ 5,929 $ 2,795 $ 25,790 $ 0 $ 49,131 1.0 - 1.2x 745 527 313 43 102 1,279 36 3,045 Less than 1.0x 189 150 35 58 54 1,396 0 1,882 Total $ 7,705 $ 5,240 $ 3,631 $ 6,030 $ 2,951 $ 28,465 $ 36 $ 54,058 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 657 $ 371 $ 877 $ 2,004 $ 679 $ 1,491 $ 122 $ 6,201 60%-69.99% 87 555 125 10 53 43 0 873 70%-79.99% 0 0 0 6 0 3 0 9 80% or greater 0 6 521 0 71 42 52 692 Total $ 744 $ 932 $ 1,523 $ 2,020 $ 803 $ 1,579 $ 174 $ 7,775 Debt Service Coverage Ratio: Greater than 1.2x $ 688 $ 864 $ 932 $ 1,967 $ 739 $ 1,384 $ 122 $ 6,696 1.0 - 1.2x 56 63 530 45 23 98 52 867 Less than 1.0x 0 5 61 8 41 97 0 212 Total $ 744 $ 932 $ 1,523 $ 2,020 $ 803 $ 1,579 $ 174 $ 7,775 December 31, 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% $ 1,822 $ 911 $ 2,264 $ 1,437 $ 3,205 $ 16,569 $ 0 $ 26,208 60%-69.99% 2,765 1,440 2,541 1,107 2,146 4,530 0 14,529 70%-79.99% 1,001 1,004 1,278 401 1,013 2,277 0 6,974 80% or greater 145 357 203 330 209 2,804 0 4,048 Total $ 5,733 $ 3,712 $ 6,286 $ 3,275 $ 6,573 $ 26,180 $ 0 $ 51,759 Debt Service Coverage Ratio: Greater than 1.2x $ 5,237 $ 3,194 $ 6,122 $ 3,182 $ 5,988 $ 23,196 $ 0 $ 46,919 1.0 - 1.2x 346 366 82 38 265 1,713 0 2,810 Less than 1.0x 150 152 82 55 320 1,271 0 2,030 Total $ 5,733 $ 3,712 $ 6,286 $ 3,275 $ 6,573 $ 26,180 $ 0 $ 51,759 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 360 $ 880 $ 2,027 $ 774 $ 455 $ 1,481 $ 74 $ 6,051 60%-69.99% 586 668 25 50 20 4 0 1,353 70%-79.99% 7 0 0 0 0 0 0 7 80% or greater 0 0 0 0 15 0 0 15 Total $ 953 $ 1,548 $ 2,052 $ 824 $ 490 $ 1,485 $ 74 $ 7,426 Debt Service Coverage Ratio: Greater than 1.2x $ 948 $ 1,535 $ 2,040 $ 750 $ 489 $ 1,290 $ 74 $ 7,126 1.0 - 1.2x 0 5 4 58 0 151 0 218 Less than 1.0x 5 8 8 16 1 44 0 82 Total $ 953 $ 1,548 $ 2,052 $ 824 $ 490 $ 1,485 $ 74 $ 7,426
Amortized Cost Basis of Loan Modifications made to Borrowers Experiencing Financial Difficulties	The following tables set forth the amortized cost basis of loan modifications made to borrowers experiencing financial difficulties as of the dates indicated: Year Ended December 31, 2024 Term Extension % of Amortized Cost Other Than Insignificant Delay in Payment % of Amortized Cost ($ in millions) Commercial mortgage loans $ 337 0.6 % $ 63 0.1 % Agricultural property loans $ 3 0.0 % $ 0 0.0 %
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: December 31, 2024 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1)(2) Total Past Total Non-Accrual Status(3) (in millions) Commercial mortgage loans $ 53,873 $ 0 $ 3 $ 182 $ 185 $ 54,058 $ 220 Agricultural property loans 7,012 0 21 742 763 7,775 767 Residential property loans 19 0 0 0 0 19 0 Other collateralized loans 468 0 0 0 0 468 0 Uncollateralized loans 595 0 0 0 0 595 25 Total $ 61,967 $ 0 $ 24 $ 924 $ 948 $ 62,915 $ 1,012 __________ (1) As of December 31, 2024, there were no loans in this category accruing interest. (2) 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. December 31, 2023 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1)(2) Total Past Total Non-Accrual Status(3) (in millions) Commercial mortgage loans $ 51,665 $ 34 $ 0 $ 60 $ 94 $ 51,759 $ 94 Agricultural property loans 7,392 15 15 4 34 7,426 38 Residential property loans 30 0 0 0 0 30 0 Other collateralized loans 125 0 0 0 0 125 0 Uncollateralized loans 425 0 0 0 0 425 25 Total $ 59,637 $ 49 $ 15 $ 64 $ 128 $ 59,765 $ 157 __________ (1) As of December 31, 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.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: December 31, 2024 2023 (in millions) LPs/LLCs: Equity method: Private equity $ 10,615 $ 8,929 Hedge funds 3,143 3,164 Real estate-related(1) 2,661 2,256 Subtotal equity method 16,419 14,349 Fair value: Private equity 1,076 1,247 Hedge funds 2,080 2,078 Real estate-related 951 800 Subtotal fair value 4,107 4,125 Total LPs/LLCs 20,526 18,474 Real estate held through direct ownership(2) 1,743 1,794 Total alternative assets 22,269 20,268 Credit-like instruments(3) 933 0 Derivative instruments 1,597 1,100 Other(1)(4) 1,552 1,487 Total other invested assets $ 26,351 $ 22,855 __________ (1) Prior period amounts have been updated to conform to current period presentation. (2) As of December 31, 2024 and 2023, real estate held through direct ownership had mortgage debt of $185 million and $158 million, respectively. (3) Includes structured debt investments in feeder funds that are consolidated, resulting in the Company reporting the consolidated feeder funds’ proportionate share of the net assets of the master fund within Other invested assets. (4) Primarily includes equity investments accounted for under the measurement alternative, tax advantaged investments, 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 18.
Equity Method Investments	The following tables set forth summarized combined financial information for significant LP/LLC interests accounted for under the equity method, including the Company’s investments in joint ventures and other operating entities that are described in more detail in Note 9. Changes between periods in the tables below reflect changes in the activities within the joint ventures and other operating entities and LPs/LLCs, as well as changes in the Company’s level of investment in such entities: December 31, 2024 2023 (in millions) STATEMENTS OF FINANCIAL POSITION Total assets(1) $ 803,096 $ 681,739 Total liabilities(2) $ 59,358 $ 61,785 Partners’ capital 743,738 619,954 Total liabilities and partners’ capital $ 803,096 $ 681,739 Equity in LP/LLC interests included above $ 16,586 $ 14,895 Equity in LP/LLC interests not included above 1,003 968 Carrying value $ 17,589 $ 15,863 __________ (1) Amount represents gross assets of each fund where the Company has a significant investment. These assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Amount represents gross liabilities of each fund where the Company has a significant investment. These liabilities consist primarily of third-party borrowed funds, securities repurchase agreements and other miscellaneous liabilities. Years Ended December 31, 2024 2023 2022 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 86,249 $ 43,325 $ 28,299 Total expenses(2) (22,327) (14,551) (3,608) Net earnings (losses) $ 63,922 $ 28,774 $ 24,691 Equity in net earnings (losses) included above $ 1,112 $ 620 $ 641 Equity in net earnings (losses) of LP/LLC interests not included above (245) 22 16 Total equity in net earnings (losses) $ 867 $ 642 $ 657 __________ (1) Amount represents gross revenue of each fund where the Company has a significant investment. This revenue consists of income from investments in real estate, investments in securities and other income. (2) Amount represents gross expenses of each fund where the Company has a significant investment. These expenses consist primarily of interest expense, investment management fees, salary expenses and other expenses. The following table sets forth information related to the Company’s investments in joint ventures and other operating entities as of and for the years ended December 31: 2024 2023(1) 2022 (in millions) Investment in joint ventures and other operating entities $ 782 $ 1,192 $ 1,211 Dividends received from joint ventures and other operating entities $ 95 $ 66 $ 81 After-tax equity in earnings of joint ventures and other operating entities $ 144 $ 49 $ (62) __________ (1) In September of 2023, the Company acquired a 20% equity interest as a limited partner in Prismic. See Note 1 for additional information.
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: December 31, 2024 2023 (in millions) Fixed maturities $ 2,892 $ 2,727 Equity securities 8 6 Commercial mortgage and other loans 228 224 Policy loans 236 259 Other invested assets 12 23 Short-term investments and cash equivalents 65 48 Total accrued investment income $ 3,441 $ 3,287
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Years Ended December 31, 2024 2023 2022 (in millions) Fixed maturities, available-for-sale(1) $ 14,948 $ 13,305 $ 11,773 Fixed maturities, held-to-maturity(1) 0 148 213 Fixed maturities, trading 555 292 233 Assets supporting experience-rated contractholder liabilities 56 45 167 Equity securities 206 197 160 Commercial mortgage and other loans 2,591 2,279 2,196 Policy loans 492 499 499 Other invested assets 1,326 1,347 1,240 Short-term investments and cash equivalents 1,171 954 406 Gross investment income 21,345 19,066 16,887 Less: investment expenses (1,436) (1,201) (850) Net investment income $ 19,909 $ 17,865 $ 16,037 __________ (1) Includes income on credit-linked notes which are reported on the same financial statement line as related surplus notes, as conditions are met for right to offset.
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Years Ended December 31, 2024 2023 2022 (in millions) Fixed maturities(1) $ (3,272) $ (1,311) $ (1,487) Commercial mortgage and other loans (236) (255) (133) Investment real estate 0 45 83 LPs/LLCs 57 72 (120) Derivatives 678 (2,234) (2,851) Other(2) (656) 68 1 Realized investment gains (losses), net $ (3,429) $ (3,615) $ (4,507) __________ (1) Excludes fixed maturity securities classified as trading. (2) Includes changes in the value of reinsurance payables and funds withheld payables, primarily reflecting the impact of net investment income on withheld assets that are ceded to certain reinsurance counterparties.
Net Unrealized Gains (Losses) on Investment	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: December 31, 2024 2023 2022 (in millions) Fixed maturity securities, available-for-sale with an allowance $ 6 $ (72) $ (45) Fixed maturity securities, available-for-sale without an allowance (29,109) (18,045) (27,545) Derivatives designated as cash flow hedges(1) 1,780 869 2,616 Derivatives designated as fair value hedges(1) (64) (60) (54) Other investments(2) 106 57 24 Net unrealized gains (losses) on investments $ (27,281) $ (17,251) $ (25,004) __________ (1) For additional information regarding cash flow and fair value hedges, see Note 5. (2) Includes net unrealized gains (losses) 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: December 31, 2024 December 31, 2023 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 $ 6,450 $ 0 $ 0 $ 6,450 $ 5,693 $ 0 $ 0 $ 5,693 U.S. public corporate securities 0 327 0 327 0 118 0 118 Foreign public corporate securities 0 19 0 19 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 245 0 0 245 Residential mortgage-backed securities 0 0 0 0 0 0 0 0 Total securities sold under agreements to repurchase $ 6,450 $ 346 $ 0 $ 6,796 $ 5,938 $ 118 $ 0 $ 6,056 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: December 31, 2024 December 31, 2023 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. government authorities and agencies $ 1 $ 0 $ 1 $ 1 $ 0 $ 1 Obligations of U.S. states and their political subdivisions 46 0 46 67 0 67 Foreign government securities 122 6 128 242 0 242 U.S. public corporate securities 7,506 403 7,909 4,399 420 4,819 Foreign public corporate securities 1,181 118 1,299 649 76 725 Equity securities 238 0 238 623 0 623 Total cash collateral for loaned securities(1) $ 9,094 $ 527 $ 9,621 $ 5,981 $ 496 $ 6,477 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.
Securities Pledged	The following table sets forth the carrying value of investments pledged to third parties, as of the dates indicated: December 31, 2024 2023 (in millions) Fixed maturities, available for sale $ 22,891 $ 21,187 Fixed maturities, trading 201 50 Separate account assets 442 1,468 Equity securities 476 827 Short-term investments 351 0 Other 357 336 Total securities pledged(1) $ 24,718 $ 23,868 __________ (1) These assets are reported on the Company's Consolidated Statements of Financial Position. The following table sets forth the carrying amount of the associated liabilities supported by the pledged collateral, as of the dates indicated: December 31, 2024 2023 (in millions) Securities sold under agreements to repurchase $ 6,796 $ 6,056 Cash collateral for loaned securities 9,621 6,477 Policyholders’ account balances(1) 2,501 2,501 Separate account liabilities 454 1,507 Short-term debt 1 0 Long-term debt 99 27 Other liabilities(2) 4,762 4,181 Total liabilities supported by the pledged collateral $ 24,234 $ 20,749 The following table provides assets on deposit, assets held in trust, and securities restricted as to sale, as of the dates indicated: December 31, 2024 2023 (in millions) Assets on deposit with governmental authorities or trustees $ 10 $ 8 Assets held in voluntary trusts(1) 533 510 Assets held in trust related to reinsurance and other agreements(2) 13,236 13,214 Securities restricted as to sale(3) 142 144 Total assets on deposit, assets held in trust and securities restricted as to sale $ 13,921 $ 13,876 __________ (1) Represents assets held in voluntary trusts established primarily to fund guaranteed dividends to certain policyholders and to fund certain employee benefits. (2) Represents assets held in trust related to reinsurance agreements excluding reinsurance agreements between wholly-owned subsidiaries. Assets valued at $16.0 billion and $25.7 billion were held in trust related to reinsurance agreements between wholly-owned subsidiaries as of December 31, 2024 and 2023, respectively. (3) Includes member and activity stock associated with memberships in the Federal Home Loan Bank of New York.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2024
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 Other Consolidated VIEs December 31, December 31, 2024 2023 2024 2023 (in millions) Fixed maturities, available-for-sale $ 1,250 $ 539 $ 716 $ 836 Fixed maturities, trading 166 943 0 0 Equity securities 80 106 0 0 Commercial mortgage and other loans 681 764 490 0 Other invested assets 6,379 4,319 500 485 Cash and cash equivalents 308 302 0 0 Accrued investment income 6 7 3 3 Other assets 644 1,023 613 636 Total assets of consolidated VIEs $ 9,514 $ 8,003 $ 2,322 $ 1,960 Other liabilities $ 218 $ 588 $ 1 $ 0 Notes issued by consolidated VIEs(2) 1,392 1,374 38 0 Total liabilities of consolidated VIEs $ 1,610 $ 1,962 $ 39 $ 0 __________ (1) Total assets of consolidated VIEs reflect $3,835 million and $4,003 million as of December 31, 2024 and 2023, 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 December 31, 2024, the maturities of these obligations were betwee n 5 and 14 years.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	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 $1,601 million and $1,103 million as of December 31, 2024 and 2023, respectively, and total derivative liabilities of $4,751 million and $4,181 million as of December 31, 2024 and 2023, respectively, reflected in the Consolidated Statements of Financial Position. December 31, 2024 December 31, 2023 Primary Underlying Risk / Instrument Type 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 $ 4,260 $ 11 $ (404) $ 3,582 $ 55 $ (252) Interest Rate Forwards 10 0 0 0 0 0 Foreign Currency Foreign Currency Forwards 4,771 92 (197) 4,748 43 (195) Currency/Interest Rate Foreign Currency Swaps 31,301 2,652 (368) 27,933 1,952 (676) Total Derivatives Designated as Hedge $ 40,342 $ 2,755 $ (969) $ 36,263 $ 2,050 $ (1,123) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 228,392 $ 11,272 $ (24,802) $ 224,445 $ 8,604 $ (21,599) Interest Rate Futures 9,773 6 (21) 10,448 7 (26) Interest Rate Options 34,005 430 (1,583) 32,718 292 (1,095) Interest Rate Forwards 2,544 9 (80) 3,678 39 (14) Interest Rate Total Return Swaps 485 4 (2) 0 0 0 Foreign Currency Foreign Currency Forwards 27,819 1,625 (1,181) 27,686 965 (954) Currency/Interest Rate Foreign Currency Swaps 7,525 658 (129) 7,771 502 (164) Credit Credit Default Swaps 4,027 90 0 3,446 64 0 Equity Equity Futures 2,019 6 (7) 672 1 (2) Equity Options 104,438 4,507 (3,790) 51,792 1,688 (1,662) Equity Total Return Swaps 9,796 331 (327) 9,237 48 (514) Other Other(1) 1,250 0 0 1,250 0 0 Synthetic GICs 76,416 1 (1) 78,009 1 (1) Total Derivatives Not Qualifying as Hedge $ 508,489 $ 18,939 $ (31,923) $ 451,152 $ 12,211 $ (26,031) Total Derivatives(2)(3) $ 548,831 $ 21,694 $ (32,892) $ 487,415 $ 14,261 $ (27,154) __________ (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 $11,783 million (including the Prismic funds withheld-related embedded derivative net liability of $(91) million) and $8,096 million (including the Prismic funds withheld-related embedded derivative net liability of $508 million) as of December 31, 2024, and 2023, respectively, primarily included in “Policyholders’ account balances” and “Reinsurance and funds withheld payables.” (3) Recorded in “Other invested assets” and “Other liabilities” on the Consolidated Statements of Financial Position.
Schedule of financial instruments in a fair value hedge accounting relationship	As of December 31, 2024, the following amounts were recorded on the 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: December 31, 2024 December 31, 2023 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 $ 216 $ 11 $ 224 $ 19 Policyholders’ account balances $ (1,510) $ 327 $ (810) $ 219 Future policy benefits $ (2,280) $ 423 $ (2,441) $ 298 __________ (1) There were no material fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued.
Offsetting Assets	The following tables present recognized derivative instruments (excluding embedded derivatives), and repurchase and reverse repurchase agreements that are offset in the 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 Consolidated Statements of Financial Position: December 31, 2024 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 21,574 $ (20,093) $ 1,481 $ (696) $ 785 Securities purchased under agreement to resell 277 0 277 (277) 0 Total Assets $ 21,851 $ (20,093) $ 1,758 $ (973) $ 785 Offsetting of Financial Liabilities: Derivatives $ 32,891 $ (28,141) $ 4,750 $ (4,403) $ 347 Securities sold under agreement to repurchase 6,796 0 6,796 (6,796) 0 Total Liabilities $ 39,687 $ (28,141) $ 11,546 $ (11,199) $ 347 December 31, 2023 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 14,169 $ (13,158) $ 1,011 $ (240) $ 771 Securities purchased under agreement to resell 388 0 388 (363) 25 Total Assets $ 14,557 $ (13,158) $ 1,399 $ (603) $ 796 Offsetting of Financial Liabilities: Derivatives $ 27,154 $ (22,973) $ 4,181 $ (3,775) $ 406 Securities sold under agreement to repurchase 6,056 0 6,056 (5,811) 245 Total Liabilities $ 33,210 $ (22,973) $ 10,237 $ (9,586) $ 651 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Liabilities	The following tables present recognized derivative instruments (excluding embedded derivatives), and repurchase and reverse repurchase agreements that are offset in the 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 Consolidated Statements of Financial Position: December 31, 2024 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 21,574 $ (20,093) $ 1,481 $ (696) $ 785 Securities purchased under agreement to resell 277 0 277 (277) 0 Total Assets $ 21,851 $ (20,093) $ 1,758 $ (973) $ 785 Offsetting of Financial Liabilities: Derivatives $ 32,891 $ (28,141) $ 4,750 $ (4,403) $ 347 Securities sold under agreement to repurchase 6,796 0 6,796 (6,796) 0 Total Liabilities $ 39,687 $ (28,141) $ 11,546 $ (11,199) $ 347 December 31, 2023 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 14,169 $ (13,158) $ 1,011 $ (240) $ 771 Securities purchased under agreement to resell 388 0 388 (363) 25 Total Assets $ 14,557 $ (13,158) $ 1,399 $ (603) $ 796 Offsetting of Financial Liabilities: Derivatives $ 27,154 $ (22,973) $ 4,181 $ (3,775) $ 406 Securities sold under agreement to repurchase 6,056 0 6,056 (5,811) 245 Total Liabilities $ 33,210 $ (22,973) $ 10,237 $ (9,586) $ 651 __________ (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. Year Ended December 31, 2024 Realized Investment Gains (Losses) 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 $ 8 $ 0 $ 0 $ 0 $ 0 $ (119) $ (125) $ 0 Currency 0 0 0 0 0 0 (31) 0 Total gains (losses) on derivatives designated as hedge instruments 8 0 0 0 0 (119) (156) 0 Gains (losses) on the hedged item: Interest Rate (8) 0 12 0 0 109 95 0 Currency 0 0 0 0 0 0 31 0 Total gains (losses) on hedged item (8) 0 12 0 0 109 126 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (10) (4) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 0 (10) (4) Total gains (losses) on fair value hedges net of hedged item 0 0 12 0 0 (10) (40) (4) Cash flow hedges Interest Rate (15) 0 (16) 0 0 0 0 2 Currency 0 0 0 0 0 0 0 52 Currency/Interest Rate 78 0 328 207 0 0 0 857 Total gains (losses) on cash flow hedges 63 0 312 207 0 0 0 911 Net investment hedges Currency 0 0 0 0 0 0 0 27 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 27 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,554) (2,313) 0 0 0 0 0 0 Currency 263 0 0 0 0 0 0 0 Currency/Interest Rate 292 0 0 2 0 0 0 0 Credit 109 0 0 0 0 0 0 0 Equity 3,257 (852) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (2) (1,752) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 615 (3,165) 0 2 0 0 0 0 Total $ 678 $ (3,165) $ 324 $ 209 $ 0 $ (10) $ (40) $ 934 Year Ended December 31, 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 $ 2 $ 0 $ 0 $ 0 $ 0 $ (31) $ (39) $ 0 Currency (1) 0 (1) 0 0 0 104 0 Total gains (losses) on derivatives designated as hedge instruments 1 0 (1) 0 0 (31) 65 0 Gains (losses) on the hedged item: Interest Rate (2) 0 13 0 0 2 10 0 Currency 1 0 1 0 0 0 (102) 0 Total gains (losses) on hedged item (1) 0 14 0 0 2 (92) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (8) (6) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 0 (8) (6) Total gains (losses) on fair value hedges net of hedged item 0 0 13 0 0 (29) (35) (6) Cash flow hedges Interest Rate (21) 0 (16) 0 0 0 0 23 Currency 8 0 0 0 0 0 0 (122) Currency/Interest Rate 74 0 315 (189) 0 0 0 (1,648) Total gains (losses) on cash flow hedges 61 0 299 (189) 0 0 0 (1,747) Net investment hedges Currency 0 0 0 0 0 0 0 12 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 12 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (285) (1,657) 0 0 0 0 0 0 Currency (567) 0 0 3 0 0 0 0 Currency/Interest Rate (211) 0 0 (3) 0 0 0 0 Credit 164 0 0 0 0 0 0 0 Equity 1,751 (929) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (2) (3,133) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (2,281) (2,586) 0 0 0 0 0 0 Total $ (2,220) $ (2,586) $ 312 $ (189) $ 0 $ (29) $ (35) $ (1,741) Year Ended December 31, 2022 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 $ 39 $ 0 $ (5) $ 0 $ 0 $ (375) $ (438) $ 0 Currency (28) 0 (2) 0 0 0 (224) 0 Total gains (losses) on derivatives designated as hedge instruments 11 0 (7) 0 0 (375) (662) 0 Gains (losses) on the hedged item: Interest Rate (39) 0 14 0 0 387 448 0 Currency 31 0 9 0 0 0 225 0 Total gains (losses) on hedged item (8) 0 23 0 0 387 673 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (4) (19) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 0 (4) (19) Total gains (losses) on fair value hedges net of hedged item 3 0 16 0 0 12 7 (19) Cash flow hedges Interest Rate (4) 0 (3) 0 0 0 0 (217) Currency 15 0 0 0 0 0 0 191 Currency/Interest Rate 121 0 299 477 0 0 0 1,623 Total gains (losses) on cash flow hedges 132 0 296 477 0 0 0 1,597 Net investment hedges Currency 0 0 0 0 0 0 0 2 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 2 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (3,410) (6,483) 0 0 0 0 0 0 Currency (400) 0 0 (3) 0 0 0 0 Currency/Interest Rate 854 0 0 6 0 0 0 0 Credit 5 0 0 0 0 0 0 0 Equity 6 1,403 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 0 Embedded Derivatives (2) (26) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (2,969) (5,080) 0 3 0 0 0 0 Total $ (2,834) $ (5,080) $ 312 $ 480 $ 0 $ 12 $ 7 $ 1,580 __________ (1) Excludes changes related to net investment hedges using non-derivative instruments of $78 million, $28 million, and $134 million for the years ended December 31, 2024, 2023, and 2022, respectively. (2) Includes the Prismic funds withheld-related embedded derivative realized gain (loss) of $598 million and $(508) million for the years ended December 31, 2024 and 2023, respectively.
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, 2021 $ 1,019 Amount recorded in AOCI Interest Rate (224) Currency 206 Currency/Interest Rate 2,520 Total amount recorded in AOCI 2,502 Amount reclassified from AOCI to income Interest Rate 7 Currency (15) Currency/Interest Rate (897) Total amount reclassified from AOCI to income (905) Balance, December 31, 2022 $ 2,616 Amount recorded in AOCI Interest Rate (15) Currency (108) Currency/Interest Rate (1,448) Total amount recorded in AOCI (1,571) Amount reclassified from AOCI to income Interest Rate 38 Currency (14) Currency/Interest Rate (200) Total amount reclassified from AOCI to income (176) Balance, December 31, 2023 $ 869 Amount recorded in AOCI Interest Rate (28) Currency 55 Currency/Interest Rate 1,469 Total amount recorded in AOCI 1,496 Amount reclassified from AOCI to income Interest Rate 30 Currency (3) Currency/Interest Rate (612) Total amount reclassified from AOCI to income (585) Balance, December 31, 2024 $ 1,780
Disclosure of 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 10 years for index reference. December 31, 2024 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6(2) 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(3) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(3) 0 0 0 0 3,365 40 0 0 0 0 662 50 4,027 90 Total $ 0 $ 0 $ 0 $ 0 $ 3,365 $ 40 $ 0 $ 0 $ 0 $ 0 $ 662 $ 50 $ 4,027 $ 90 December 31, 2023 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6(2) 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(3) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(3) 0 0 0 0 2,723 19 0 0 89 5 634 40 3,446 64 Total $ 0 $ 0 $ 0 $ 0 $ 2,723 $ 19 $ 0 $ 0 $ 89 $ 5 $ 634 $ 40 $ 3,446 $ 64 __________ (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) The NAIC rating designation is due to approximately 4% and 3% of the index reference name rated as NAIC 6 as of December 31, 2024, and 2023, respectively. (3) Single name credit default swaps may make reference to the credit of corporate debt, sovereign debt, and structured finance. Index reference 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)	12 Months Ended
	Dec. 31, 2024
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: December 31, 2024 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 $ 20,348 $ 0 $ $ 20,348 Obligations of U.S. states and their political subdivisions 0 6,098 6 6,104 Foreign government securities 0 57,472 7 57,479 U.S. corporate public securities 0 98,442 66 98,508 U.S. corporate private securities(2) 0 39,848 3,941 43,789 Foreign corporate public securities 0 21,946 36 21,982 Foreign corporate private securities 0 32,675 1,788 34,463 Asset-backed securities(3) 0 15,654 1,480 17,134 Commercial mortgage-backed securities 0 8,420 853 9,273 Residential mortgage-backed securities 0 2,490 0 2,490 Subtotal 0 303,393 8,177 311,570 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 220 0 220 Foreign government securities 0 539 0 539 Corporate securities 0 67 0 67 Equity securities 1,522 1,359 0 2,881 Subtotal 1,522 2,185 0 3,707 Market risk benefit assets 0 0 2,331 2,331 Fixed maturities, trading 0 10,544 1,986 12,530 Equity securities 7,154 1,745 518 9,417 Commercial mortgage and other loans 0 469 233 702 Other invested assets(5) 10 21,683 953 (20,093) 2,553 Short-term investments 1,896 6,238 461 8,595 Cash equivalents 326 10,365 0 10,691 Reinsurance recoverables and deposit receivables 0 236 613 849 Other assets 0 0 0 0 Separate account assets(6)(7) 8,441 157,999 232 166,672 Total assets $ 19,349 $ 514,857 $ 15,504 $ (20,093) $ 529,617 Market risk benefit liabilities $ 0 $ 0 $ 4,455 $ $ 4,455 Policyholders’ account balances 0 0 12,746 12,746 Reinsurance and funds withheld payables 0 (118) 0 (118) Other liabilities 28 32,863 1 (28,141) 4,751 Notes issued by consolidated VIEs 0 0 60 60 Total liabilities $ 28 $ 32,745 $ 17,262 $ (28,141) $ 21,894 December 31, 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 $ 21,796 $ 0 $ $ 21,796 Obligations of U.S. states and their political subdivisions 0 8,451 7 8,458 Foreign government securities 0 70,182 8 70,190 U.S. corporate public securities 0 98,097 75 98,172 U.S. corporate private securities(2) 0 38,199 2,821 41,020 Foreign corporate public securities 0 19,576 67 19,643 Foreign corporate private securities 0 30,447 1,843 32,290 Asset-backed securities(3) 0 12,236 359 12,595 Commercial mortgage-backed securities 0 8,954 938 9,892 Residential mortgage-backed securities 0 2,265 0 2,265 Subtotal 0 310,203 6,118 316,321 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 206 0 206 Foreign government securities 0 604 0 604 Corporate securities 0 79 0 79 Equity securities 1,004 1,275 0 2,279 Subtotal 1,004 2,164 0 3,168 Market risk benefit assets 0 0 1,981 1,981 Fixed maturities, trading 0 9,361 429 9,790 Equity securities(4) 5,953 1,538 512 8,003 Commercial mortgage and other loans 0 519 0 519 Other invested assets(5) 27 14,234 846 (13,158) 1,949 Short-term investments 125 3,746 29 3,900 Cash equivalents 2,240 8,058 4 10,302 Reinsurance recoverables and deposit receivables 0 (75) 224 149 Other assets 0 0 11 11 Separate account assets(6)(7) 8,925 161,793 1,094 171,812 Total assets $ 18,274 $ 511,541 $ 11,248 $ (13,158) $ 527,905 Market risk benefit liabilities $ 0 $ 0 $ 5,467 $ $ 5,467 Policyholders’ account balances 0 0 7,752 7,752 Reinsurance and funds withheld payables 0 490 0 490 Other liabilities 35 27,112 1 (22,973) 4,175 Notes issued by consolidated VIEs 0 0 778 778 Total liabilities $ 35 $ 27,602 $ 13,998 $ (22,973) $ 18,662 __________ (1) “Netting” amounts represent cash collateral of $(8,049) million and $(9,815) million as of December 31, 2024 and 2023, respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting agreements. (2) Excludes notes with fair value of $14,748 million (carrying amount of $14,748 million) and $12,370 million (carrying amount of $12,370 million) as of December 31, 2024 and 2023, respectively, which have been offset with the associated debt under a netting agreement. (3) Includes credit-tranched securities collateralized by loan obligations, home equity loans, auto loans, education loans and other asset types. (4) Equity securities excluded from the fair value hierarchy include a fund for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of this investment was $239 million. (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 NAV per share (or its equivalent) as a practical expedient. As of December 31, 2024 and 2023, the fair value of such investments was $5,021 million and $4,125 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 December 31, 2024 and 2023, the fair value of such investments was $26,700 million and $27,076 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 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: December 31, 2024 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 6,763 Discounted Discount rate 0.95% 20.00% 10.36% Decrease Market comparables EBITDA multiples(4) 3.0X 8.8X 7.6X Increase Liquidation Liquidation value 75.00% 75.00% 75.00% Increase Asset backed securities $ 529 Discounted Discount rate 2.30% 10.70% 6.08% Decrease Commercial mortgage-backed securities $ 853 Discounted Liquidity premium 1.00% 1.00% 1.00% Decrease Market risk benefit assets(6) $ 2,331 Discounted cash flow Lapse rate(8) 1% 20% Increase Spread over SOFR(9) 0.29% 1.71% Increase Utilization rate(10) 37% 94% Decrease Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 16% Increase Equity volatility curve 16% 25% Decrease Equity securities $ 209 Discounted Discount rate(5) 0.16% 40% Decrease Market comparables EBITDA multiples(4) 5.5X 12.2X 6.0X Increase Net Asset Value Share price $3 $1,810 $779 Increase Reinsurance recoverables and deposit receivables $ 613 Discounted cash flow Lapse rate(8) 1% 50% Increase Spread over SOFR(9) 0.29% 1.71% Increase Option Budget(13) 0% 6% Decrease Liabilities: Market risk benefit liabilities(6) $ 4,455 Discounted Lapse rate(8) 1% 20% Decrease Spread over SOFR(9) 0.29% 1.71% Decrease Utilization rate(10) 37% 94% Increase Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 16% Decrease Equity volatility curve 16% 25% Increase Policyholders’ account balances(7) $ 12,741 Discounted Lapse rate(8) 0% 80% Decrease Spread over SOFR(9) 0.29% 1.73% Decrease Mortality rate(12) 0% 23% Decrease Option Budget(13) (1)% 7% Increase December 31, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 1,311 Discounted Discount rate 0.57% 20.00% 8.65% Decrease Market comparables EBITDA multiples(4) 5.5X 8.8X 7.4X Increase Liquidation Liquidation value 3.55% 68.00% 57.63% Increase Commercial mortgage-backed securities $ 938 Discounted Liquidity premium 0.60% 0.75% 0.70% Decrease Market risk benefit assets(6) $ 1,981 Discounted cash flow Lapse rate(8) 1% 20% Increase Spread over SOFR(9) 0.41% 1.82% Increase Utilization rate(10) 38% 95% Decrease Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 15% Increase Equity volatility curve 15% 25% Decrease Equity securities $ 246 Discounted cash flow Discount rate(5) 0.16% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 10.0X 6.3X Increase Net Asset Value Share price $3 $1,714 $733 Increase Liabilities: Market risk benefit liabilities(6) $ 5,467 Discounted cash flow Lapse rate(8) 1% 20% Decrease Spread over SOFR(9) 0.41% 1.82% Decrease Utilization rate(10) 38% 95% Increase Withdrawal rate See table footnote (11) below. Mortality rate(12) 0% 15% Decrease Equity volatility curve 15% 25% Increase Policyholders’ account balances(7) $ 7,752 Discounted cash flow Lapse rate(8) 1% 80% Decrease Spread over SOFR(9) 0.41% 1.85% Decrease Mortality rate(12) 0% 23% Decrease Option Budget(13) (1)% 7% 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 debt 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) Market risk benefits primarily represent fair value for all living benefit guarantees including accumulation, 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. (7) 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 a weighted average, is a more meaningful representation of the unobservable inputs used in the 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 balances. (8) 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 balances. (9) The spread over the SOFR swap curve represents the premium added to the proxy for the risk-free rate (SOFR) 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 December 31, 2024 and 2023, 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 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, now known as AuguStar Life Insurance Company (“AuguStar”), an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $10 billion of account values of PDI traditional variable annuity contracts with guaranteed living benefits. See Note 15 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 AuguStar, which may differ from the Company’s; however, the NPR spreads for AuguStar were developed using a methodology similar to that of the Company. (10) 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. (11) 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 December 31, 2024 and 2023, the minimum withdrawal rate assumption is 78% and 81%, respectively. As of December 31, 2024 and 2023, 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%. (12) 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. (13) 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 budget 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 14). 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. Year Ended December 31, 2024(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(8) Transfers out of Level 3(8) 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 $ (1) $ 0 $ 0 $ 6 $ (1) Foreign government 8 0 0 0 0 (1) 0 0 0 7 0 Corporate securities(3) 4,806 (253) 2,181 (145) 0 (806) (144) 250 (58) 5,831 (227) Structured securities(4) 1,297 5 2,764 (244) 0 (125) (494) 67 (937) 2,333 (2) Other assets: Fixed maturities, trading 429 (67) 1,826 (56) 0 (218) 1 466 (395) 1,986 (64) Equity securities 512 (22) 153 (55) 0 (67) 5 2 (10) 518 (6) Commercial mortgages and other loans 0 0 0 0 210 0 23 0 0 233 0 Other invested assets 846 (85) 175 (2) 0 0 19 0 0 953 (85) Short-term investments 29 0 488 (25) 0 (6) (25) 0 0 461 1 Cash equivalents 4 0 5 0 0 0 (9) 0 0 0 0 Reinsurance recoverables and deposit receivables 224 144 223 0 0 (66) 88 0 0 613 78 Other assets 11 0 8 0 0 0 (19) 0 0 0 0 Separate account assets 1,094 (61) 322 (1,061) 0 (14) 0 12 (60) 232 (24) Liabilities: Policyholders’ account balances(5) (7,752) (2,785) 0 0 (2,254) 0 45 0 0 (12,746) 1,165 Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Notes issued by consolidated VIEs (778) (5) 0 0 (60) 0 783 0 0 (60) 0 Year Ended December 31, 2024 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 (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) (in millions) Fixed maturities, available-for-sale $ (269) $ 0 $ 0 $ 22 $ (1) $ (240) $ 0 $ 0 $ 10 Other assets: Fixed maturities, trading 0 (69) 0 0 2 0 (64) 0 0 Equity securities 0 (22) 0 0 0 0 (6) 0 0 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 Other invested assets (1) (84) 0 0 0 (1) (84) 0 0 Short-term investments (1) 0 0 0 1 0 0 0 1 Cash equivalents 0 0 0 0 0 0 0 0 0 Reinsurance recoverables and deposit receivables 144 0 0 0 0 78 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 (61) 0 0 0 0 (24) 0 Liabilities: Policyholders’ account balances (2,785) 0 0 0 0 1,165 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 (5) 0 0 0 0 0 0 0 Year Ended December 31, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(8) Transfers out of Level 3(8) 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 26 1,864 (211) 0 (988) 26 418 (187) 4,806 19 Structured securities(4) 1,289 (47) 587 (6) 0 (38) (81) 113 (520) 1,297 (56) Other assets: Fixed maturities, trading 304 11 129 (39) 0 (23) 88 17 (58) 429 5 Equity securities 627 26 45 (75) 0 (36) (41) 3 (37) 512 12 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 0 0 Other invested assets 539 (38) 361 (16) 0 0 0 0 0 846 (38) Short-term investments 18 5 49 0 0 (43) 0 0 0 29 0 Cash equivalents 0 0 4 0 0 0 0 0 0 4 0 Reinsurance recoverables and deposit receivables 141 (40) 146 0 0 (23) 0 0 0 224 (63) Other assets(7) 11 0 0 0 0 0 0 0 0 11 0 Separate account assets 1,081 55 450 (368) 0 (68) 0 50 (106) 1,094 42 Liabilities: Policyholders’ account balances(5) (3,492) (2,601) 0 0 (1,664) 0 5 0 0 (7,752) (322) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Notes issued by consolidated VIEs 0 9 0 0 0 0 (787) 0 0 (778) 9 Year Ended December 31, 2023 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 (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) (in millions) Fixed maturities, available-for-sale $ (25) $ 0 $ 0 $ (5) $ 9 $ (7) $ 0 $ 0 $ (30) Other assets: Fixed maturities, trading 0 9 0 0 2 0 5 0 0 Equity securities (1) 27 0 0 0 0 12 0 0 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 Other invested assets (4) (34) 0 0 0 (4) (34) 0 0 Short-term investments 3 0 0 0 2 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Reinsurance recoverables and deposit receivables (40) 0 0 0 0 (63) 0 0 0 Other assets(7) 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 55 0 0 0 0 42 0 Liabilities: Policyholders’ account balances (2,601) 0 0 0 0 (322) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 9 0 0 0 0 9 0 0 Year Ended December 31, 2022 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 (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) (in millions) Fixed maturities, available-for-sale $ (89) $ 0 $ 0 $ (783) $ 8 $ (101) $ 0 $ 0 $ (782) Other assets: Fixed maturities, trading 0 (16) 0 0 0 0 (17) 0 0 Equity securities 0 (18) 0 0 0 0 (39) 0 0 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 Other invested assets (12) 24 0 0 0 (12) 24 0 0 Short-term investments (5) 0 0 0 0 (6) 0 0 0 Cash equivalents (1) 0 0 0 0 (2) 0 0 0 Reinsurance recoverables and deposit receivables 44 0 0 0 0 48 0 0 0 Other assets(7) 0 0 0 67 0 0 0 0 0 Separate account assets 0 0 (215) 0 0 0 0 (211) 0 Liabilities: Policyholders’ account balances (66) 0 0 0 0 67 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 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) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (6) Excludes MRB assets of $2,331 million and $1,981 million and MRB liabilities of $4,455 million and $5,467 million as of December 31, 2024 and 2023, respectively. See Note 14 for additional information. (7) Prior period amounts have been updated to conform to current period presentation. (8) 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, 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 14). 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. Year Ended December 31, 2024(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(8) Transfers out of Level 3(8) 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 $ (1) $ 0 $ 0 $ 6 $ (1) Foreign government 8 0 0 0 0 (1) 0 0 0 7 0 Corporate securities(3) 4,806 (253) 2,181 (145) 0 (806) (144) 250 (58) 5,831 (227) Structured securities(4) 1,297 5 2,764 (244) 0 (125) (494) 67 (937) 2,333 (2) Other assets: Fixed maturities, trading 429 (67) 1,826 (56) 0 (218) 1 466 (395) 1,986 (64) Equity securities 512 (22) 153 (55) 0 (67) 5 2 (10) 518 (6) Commercial mortgages and other loans 0 0 0 0 210 0 23 0 0 233 0 Other invested assets 846 (85) 175 (2) 0 0 19 0 0 953 (85) Short-term investments 29 0 488 (25) 0 (6) (25) 0 0 461 1 Cash equivalents 4 0 5 0 0 0 (9) 0 0 0 0 Reinsurance recoverables and deposit receivables 224 144 223 0 0 (66) 88 0 0 613 78 Other assets 11 0 8 0 0 0 (19) 0 0 0 0 Separate account assets 1,094 (61) 322 (1,061) 0 (14) 0 12 (60) 232 (24) Liabilities: Policyholders’ account balances(5) (7,752) (2,785) 0 0 (2,254) 0 45 0 0 (12,746) 1,165 Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Notes issued by consolidated VIEs (778) (5) 0 0 (60) 0 783 0 0 (60) 0 Year Ended December 31, 2024 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 (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) (in millions) Fixed maturities, available-for-sale $ (269) $ 0 $ 0 $ 22 $ (1) $ (240) $ 0 $ 0 $ 10 Other assets: Fixed maturities, trading 0 (69) 0 0 2 0 (64) 0 0 Equity securities 0 (22) 0 0 0 0 (6) 0 0 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 Other invested assets (1) (84) 0 0 0 (1) (84) 0 0 Short-term investments (1) 0 0 0 1 0 0 0 1 Cash equivalents 0 0 0 0 0 0 0 0 0 Reinsurance recoverables and deposit receivables 144 0 0 0 0 78 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 (61) 0 0 0 0 (24) 0 Liabilities: Policyholders’ account balances (2,785) 0 0 0 0 1,165 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 (5) 0 0 0 0 0 0 0 Year Ended December 31, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(8) Transfers out of Level 3(8) 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 26 1,864 (211) 0 (988) 26 418 (187) 4,806 19 Structured securities(4) 1,289 (47) 587 (6) 0 (38) (81) 113 (520) 1,297 (56) Other assets: Fixed maturities, trading 304 11 129 (39) 0 (23) 88 17 (58) 429 5 Equity securities 627 26 45 (75) 0 (36) (41) 3 (37) 512 12 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 0 0 Other invested assets 539 (38) 361 (16) 0 0 0 0 0 846 (38) Short-term investments 18 5 49 0 0 (43) 0 0 0 29 0 Cash equivalents 0 0 4 0 0 0 0 0 0 4 0 Reinsurance recoverables and deposit receivables 141 (40) 146 0 0 (23) 0 0 0 224 (63) Other assets(7) 11 0 0 0 0 0 0 0 0 11 0 Separate account assets 1,081 55 450 (368) 0 (68) 0 50 (106) 1,094 42 Liabilities: Policyholders’ account balances(5) (3,492) (2,601) 0 0 (1,664) 0 5 0 0 (7,752) (322) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Notes issued by consolidated VIEs 0 9 0 0 0 0 (787) 0 0 (778) 9 Year Ended December 31, 2023 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 (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) (in millions) Fixed maturities, available-for-sale $ (25) $ 0 $ 0 $ (5) $ 9 $ (7) $ 0 $ 0 $ (30) Other assets: Fixed maturities, trading 0 9 0 0 2 0 5 0 0 Equity securities (1) 27 0 0 0 0 12 0 0 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 Other invested assets (4) (34) 0 0 0 (4) (34) 0 0 Short-term investments 3 0 0 0 2 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Reinsurance recoverables and deposit receivables (40) 0 0 0 0 (63) 0 0 0 Other assets(7) 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 55 0 0 0 0 42 0 Liabilities: Policyholders’ account balances (2,601) 0 0 0 0 (322) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 9 0 0 0 0 9 0 0 Year Ended December 31, 2022 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 (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) (in millions) Fixed maturities, available-for-sale $ (89) $ 0 $ 0 $ (783) $ 8 $ (101) $ 0 $ 0 $ (782) Other assets: Fixed maturities, trading 0 (16) 0 0 0 0 (17) 0 0 Equity securities 0 (18) 0 0 0 0 (39) 0 0 Commercial mortgages and other loans 0 0 0 0 0 0 0 0 0 Other invested assets (12) 24 0 0 0 (12) 24 0 0 Short-term investments (5) 0 0 0 0 (6) 0 0 0 Cash equivalents (1) 0 0 0 0 (2) 0 0 0 Reinsurance recoverables and deposit receivables 44 0 0 0 0 48 0 0 0 Other assets(7) 0 0 0 67 0 0 0 0 0 Separate account assets 0 0 (215) 0 0 0 0 (211) 0 Liabilities: Policyholders’ account balances (66) 0 0 0 0 67 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 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) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (6) Excludes MRB assets of $2,331 million and $1,981 million and MRB liabilities of $4,455 million and $5,467 million as of December 31, 2024 and 2023, respectively. See Note 14 for additional information. (7) Prior period amounts have been updated to conform to current period presentation. (8) 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 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 dates indicated, by the primary underlying risks they are used to manage. These tables include NPR and exclude embedded derivatives. 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 December 31, 2024 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 7 $ 11,725 $ 1 $ $ 11,733 Currency 0 1,717 0 1,717 Credit 0 90 0 90 Currency/Interest Rate 0 3,310 0 3,310 Equity 3 4,841 0 4,844 Netting(1) (20,093) (20,093) Total derivative assets $ 10 $ 21,683 $ 1 $ (20,093) $ 1,601 Derivative Liabilities: Interest Rate $ 21 $ 26,871 $ 1 $ $ 26,893 Currency 0 1,378 0 1,378 Credit 0 0 0 0 Currency/Interest Rate 0 497 0 497 Equity 7 4,117 0 4,124 Netting(1) (28,141) (28,141) Total derivative liabilities $ 28 $ 32,863 $ 1 $ (28,141) $ 4,751 As of December 31, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 7 $ 8,990 $ 1 $ $ 8,998 Currency 0 1,008 0 1,008 Credit 0 64 0 64 Currency/Interest Rate 0 2,454 0 2,454 Equity 19 1,718 0 1,737 Netting(1) (13,158) (13,158) Total derivative assets $ 26 $ 14,234 $ 1 $ (13,158) $ 1,103 Derivative Liabilities: Interest Rate $ 26 $ 22,960 $ 1 $ $ 22,987 Currency 0 1,149 0 1,149 Credit 0 0 0 0 Currency/Interest Rate 0 840 0 840 Equity 10 2,168 0 2,178 Netting(1) (22,973) (22,973) Total derivative liabilities $ 36 $ 27,117 $ 1 $ (22,973) $ 4,181 __________ (1) “Netting” amounts represent cash collateral and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting agreements.
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: Year Ended December 31, 2024 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 Year Ended December 31, 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 Year Ended December 31, 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). Year Ended December 31, 2024 2023 2022 (in millions) Gains (Losses): Commercial mortgage loans(1) $ 0 $ (29) $ 0 Mortgage servicing rights(2) $ 0 $ 0 $ (1) Investment real estate $ (12) $ (17) $ (12) Investment in JV/LP and Other $ (7) $ (76) $ (129) Goodwill(4) $ 0 $ (177) $ (903) Year Ended December 31, 2024 2023 (in millions) Carrying value after measurement as of period end: Commercial mortgage loans(1) $ 0 $ 34 Mortgage servicing rights(2) $ 0 $ 0 Investment real estate(3) $ 73 $ 113 Investment in JV/LP and Other(3) $ 128 $ 186 Goodwill(4) $ 0 $ 0 __________ (1) Commercial mortgage loans are valued based on discounted cash flows utilizing market rates or the fair value of the underlying real estate collateral. (2) 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. (3) Reported carrying values for 2024 include values as of the measurement periods of March 31, 2024 for “Investment in JV/LP and Other” and June 30, 2024 and September 30, 2024 for “Investment real estate.” Reported carrying values for 2023 include values as of the measurement periods of June 30, 2023 for “Investment real estate” and June 30, 2023 and December 31, 2023 for “Investment in JV/LP and Other.” (4) The Company recognized a goodwill impairment charge for AIQ in 2023 and 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 market multiples of comparable publicly traded companies. The valuation in each year 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 AIQ and the related goodwill. See Note 10 for additional information.
Fair Value, Option	The following tables present information regarding assets and liabilities where the fair value option has been elected: Year Ended December 31, 2024 2023 2022 (in millions) Liabilities: Notes issued by consolidated VIEs: Changes in fair value $ 5 $ (9) $ 0 Year Ended December 31, 2024 2023 2022 (in millions) Commercial mortgage and other loans: Interest income $ 26 $ 9 $ 23 Notes issued by consolidated VIEs: Interest expense $ 14 $ 11 $ 0 Year Ended December 31, 2024 2023 (in millions) Commercial mortgage and other loans(1): Fair value as of period end $ 702 $ 519 Aggregate contractual principal as of period end $ 697 $ 512 Other invested assets: Fair value as of period end $ 19 $ 0 Other assets: Fair value as of period end $ 0 $ 11 Notes issued by consolidated VIEs: Fair value as of period end $ 60 $ 778 Aggregate contractual principal as of period end $ 60 $ 787 __________ (1) As of December 31, 2024, for loans for which the fair value option has been elected, none of the loans were 90 days or more past due.
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 Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. December 31, 2024 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Commercial mortgage and other loans $ 0 $ 17 $ 58,446 $ 58,463 $ 61,639 Policy loans 8 0 9,787 9,795 9,795 Other invested assets 0 95 0 95 95 Short-term investments 453 21 0 474 474 Cash and cash equivalents 7,352 454 0 7,806 7,806 Accrued investment income 0 3,441 0 3,441 3,441 Reinsurance recoverables and deposit receivables 0 8 5,782 5,790 5,790 Other assets 23 3,062 1 3,086 3,086 Total assets $ 7,836 $ 7,098 $ 74,016 $ 88,950 $ 92,126 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 31,405 $ 43,466 $ 74,871 $ 79,571 Securities sold under agreements to repurchase 0 6,796 0 6,796 6,796 Cash collateral for loaned securities 0 9,621 0 9,621 9,621 Reinsurance and funds withheld payables(2) 0 10,489 (35) 10,454 10,454 Short-term debt(3) 0 521 439 960 953 Long-term debt(4) 524 17,185 423 18,132 19,187 Notes issued by consolidated VIEs 0 0 1,370 1,370 1,370 Other liabilities 0 6,886 32 6,918 6,918 Separate account liabilities—investment contracts 0 21,144 18,677 39,821 39,821 Total liabilities $ 524 $ 104,047 $ 64,372 $ 168,943 $ 174,691 December 31, 2023 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Commercial mortgage and other loans $ 0 $ 41 $ 55,611 $ 55,652 $ 58,786 Policy loans 8 0 10,039 10,047 10,047 Other invested assets 0 97 0 97 97 Short-term investments 1,092 13 0 1,105 1,105 Cash and cash equivalents 8,709 408 0 9,117 9,117 Accrued investment income 0 3,287 0 3,287 3,287 Reinsurance recoverables and deposit receivables 0 5 5,171 5,176 5,176 Other assets 43 3,059 0 3,102 3,102 Total assets $ 9,852 $ 6,910 $ 70,821 $ 87,583 $ 90,717 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 31,089 $ 37,794 $ 68,883 $ 72,604 Securities sold under agreements to repurchase 0 6,056 0 6,056 6,056 Cash collateral for loaned securities 0 6,477 0 6,477 6,477 Reinsurance and funds withheld payables(2) 0 9,553 (23) 9,530 9,530 Short-term debt(3) 0 535 83 618 618 Long-term debt(4) 564 16,938 766 18,268 18,882 Notes issued by consolidated VIEs 0 0 596 596 596 Other liabilities 0 6,950 32 6,982 6,982 Separate account liabilities—investment contracts 0 24,050 21,315 45,365 45,365 Total liabilities $ 564 $ 101,648 $ 60,563 $ 162,775 $ 167,110 __________ (1) Carrying values presented herein differ from those in the Company’s Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or are out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments. (2) Includes contracts reinsured through coinsurance with funds withheld agreement with Prismic Re with a fair value of $7,887 million (carrying amount of $7,887 million) and $8,036 million (carrying amount of $8,036 million), a portion of which relates to insurance contracts as of December 31, 2024 and December 31, 2023, respectively. See Note 15 for additional information regarding the reinsurance arrangement with Prismic Re. (3) Excludes debt with fair value of $0 million (carrying amount of $0 million) and $2,000 million (carrying amount of $2,000 million) as of December 31, 2024 and December 31, 2023, respectively, which have been offset with the associated notes under a netting agreement. (4) Excludes debt with fair value of $14,748 million (carrying amount of $14,748 million) and $10,370 million (carrying amount of $10,370 million) as of December 31, 2024 and December 31, 2023, respectively, which have been offset with the associated notes under a netting agreement.

Separate Accounts (Tables)

Separate Accounts (Tables)	12 Months Ended
	Dec. 31, 2024
Insurance [Abstract]
Separate Account Assets	The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: December 31, December 31, (in millions) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,674 $ 4,411 Obligations of U.S. states and their political subdivisions 2,224 2,116 Foreign government bonds 93 101 U.S. corporate securities 11,440 12,782 Foreign corporate securities 3,010 3,288 Asset-backed securities 1,283 1,211 Mortgage-backed securities 14,144 14,253 Mutual funds: Equity 90,180 88,397 Fixed Income 33,828 37,065 Other 5,439 5,587 Equity securities 4,845 5,410 Commercial mortgage and other loans 54 67 Other invested assets 19,352 20,739 Short-term investments 1,137 1,202 Cash and cash equivalents 1,669 2,259 Total $ 193,372 $ 198,888
Separate Account Liability	The balances of and changes in separate account liabilities as of and for the periods ended are as follows: Year Ended December 31, 2024 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 32,648 $ 11,011 $ 94,130 $ 25,021 $ 39,223 $ 202,033 Deposits 15,374 143 606 734 3,728 20,585 Investment performance (45) 146 8,722 1,013 7,032 16,868 Policy charges (69) (11) (2,231) (317) (1,168) (3,796) Surrenders and withdrawals (14,766) (1,050) (14,070) (370) (986) (31,242) Benefit payments (3,550) (541) (87) (303) (449) (4,930) Net transfers (to) from general account (184) (76) (102) 6 (577) (933) Other (763) (314) 6 (658) 88 (1,641) Balance, EOP $ 28,645 $ 9,308 $ 86,974 $ 25,126 $ 46,891 $ 196,944 Other businesses(1) (3,572) Total separate account liabilities $ 193,372 Cash surrender value(2) $ 28,645 $ 9,308 $ 86,081 $ 25,028 $ 43,333 $ 192,395 __________ (1) Primarily represents activity from the Company’s Divested and Run-off Businesses as well as 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. Year Ended December 31, 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 6,848 259 446 103 2,972 10,628 Investment performance (1,045) 830 12,598 1,828 6,742 20,953 Policy charges (81) (12) (2,316) (337) (1,075) (3,821) Surrenders and withdrawals (8,109) (660) (9,891) (52) (765) (19,477) Benefit payments (3,477) (562) (95) (290) (342) (4,766) Net transfers (to) from general account (501) (74) (17) 44 (1,344) (1,892) Other (1,043) (198) 10 212 105 (914) Balance, EOP $ 32,648 $ 11,011 $ 94,130 $ 25,021 $ 39,223 202,033 Other businesses(1) (3,145) Total separate account liabilities $ 198,888 Cash surrender value(2) $ 32,648 $ 11,011 $ 92,927 $ 24,911 $ 35,921 $ 197,418 __________ (1) Primarily represents activity from the Company’s Divested and Run-off Businesses as well as 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. Year Ended December 31, 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 8,092 744 700 104 2,527 12,167 Investment performance 645 (2,256) (23,956) (3,984) (6,934) (36,485) Policy charges (68) (15) (2,682) (332) (1,014) (4,111) Surrenders and withdrawals (6,561) (3,177) (9,422) (34) (712) (19,906) Benefit payments (3,319) (553) (95) (251) (421) (4,639) Net transfers (to) from general account (634) 2,674 (282) 41 (394) 1,405 Other(1) (119) (53) (29,414) 872 89 (28,625) Balance, EOP $ 40,056 $ 11,428 $ 93,395 $ 23,513 $ 32,930 201,322 Other businesses(2) (3,643) Total separate account liabilities $ 197,679 Cash surrender value(3) $ 40,056 $ 11,428 $ 91,831 $ 23,391 $ 30,049 $ 196,755 __________ (1) Primarily represents the sale of PALAC in Individual Retirement Strategies. (2) Primarily represents activity from the Company’s Divested and Run-off Businesses as well as 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.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Charges, Insurers [Abstract]
Schedule Of 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: Year Ended December 31, 2024 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 3,676 $ 2,237 $ 5,364 $ 4,909 $ 4,442 $ 20,628 Capitalization 423 186 734 564 575 2,482 Amortization expense (386) (208) (241) (340) (330) (1,505) Other adjustments(1) 0 0 (979) (43) 3 (1,019) Foreign currency adjustment 0 0 0 (336) (140) (476) Balance, EOP $ 3,713 $ 2,215 $ 4,878 $ 4,754 $ 4,550 20,110 Other businesses 338 Total DAC balance $ 20,448 __________ (1) Includes the impacts of the reinsurance transactions with Wilton Re and Somerset Re in Individual Life (Universal Life). See Note 15 for additional information. Year Ended December 31, 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 261 160 608 586 610 2,225 Amortization expense (366) (212) (244) (326) (315) (1,463) Other adjustments(1) (390) 1 0 20 0 (369) Foreign currency adjustment 0 0 0 (81) (84) (165) Balance, EOP $ 3,676 $ 2,237 $ 5,364 $ 4,909 $ 4,442 20,628 Other businesses 228 Total DAC balance $ 20,856 __________ (1) Includes the impact of the reinsurance transaction with AuguStar in Individual Retirement Strategies. See Note 15 for additional information. Year Ended December 31, 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 277 127 556 579 600 2,139 Amortization expense (401) (211) (235) (318) (300) (1,465) Other adjustments(1) (577) 0 0 22 0 (555) Foreign currency adjustment 0 0 0 (258) (204) (462) Balance, EOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 20,400 Other businesses 146 Total DAC balance $ 20,546 __________ (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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, BOP $ 410 $ 446 $ 799 Capitalization 1 2 1 Amortization expense (35) (38) (46) Other adjustments(1) 0 0 (308) Balance, EOP 376 410 446 Other businesses 30 33 34 Total DSI balance $ 406 $ 443 $ 480 __________ (1) The 2022 amount relates to the sale of PALAC. See Note 1 for additional information.
Schedule of 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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, BOP $ 511 $ 597 $ 746 Amortization expense (42) (49) (58) Foreign currency adjustment (48) (37) (91) Balance, EOP 421 511 597 Other businesses(1) 14 19 24 Total VOBA balance $ 435 $ 530 $ 621 __________ (1) Represents Aoba Life business.
Estimated Future VOBA Amortization, Net of Interest	The following table provides estimated future amortization for the periods indicated: 2025 2026 2027 2028 2029 Thereafter Total (in millions) Estimated future VOBA amortization $ 39 $ 36 $ 33 $ 30 $ 27 $ 270 $ 435 The following table provides estimated future amortization for the periods indicated: 2025 2026 2027 2028 2029 (in millions) Estimated future amortization expense of other intangibles $ 63 $ 59 $ 53 $ 48 $ 34

Investments in Operating Join_2

Investments in Operating Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following tables set forth summarized combined financial information for significant LP/LLC interests accounted for under the equity method, including the Company’s investments in joint ventures and other operating entities that are described in more detail in Note 9. Changes between periods in the tables below reflect changes in the activities within the joint ventures and other operating entities and LPs/LLCs, as well as changes in the Company’s level of investment in such entities: December 31, 2024 2023 (in millions) STATEMENTS OF FINANCIAL POSITION Total assets(1) $ 803,096 $ 681,739 Total liabilities(2) $ 59,358 $ 61,785 Partners’ capital 743,738 619,954 Total liabilities and partners’ capital $ 803,096 $ 681,739 Equity in LP/LLC interests included above $ 16,586 $ 14,895 Equity in LP/LLC interests not included above 1,003 968 Carrying value $ 17,589 $ 15,863 __________ (1) Amount represents gross assets of each fund where the Company has a significant investment. These assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Amount represents gross liabilities of each fund where the Company has a significant investment. These liabilities consist primarily of third-party borrowed funds, securities repurchase agreements and other miscellaneous liabilities. Years Ended December 31, 2024 2023 2022 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 86,249 $ 43,325 $ 28,299 Total expenses(2) (22,327) (14,551) (3,608) Net earnings (losses) $ 63,922 $ 28,774 $ 24,691 Equity in net earnings (losses) included above $ 1,112 $ 620 $ 641 Equity in net earnings (losses) of LP/LLC interests not included above (245) 22 16 Total equity in net earnings (losses) $ 867 $ 642 $ 657 __________ (1) Amount represents gross revenue of each fund where the Company has a significant investment. This revenue consists of income from investments in real estate, investments in securities and other income. (2) Amount represents gross expenses of each fund where the Company has a significant investment. These expenses consist primarily of interest expense, investment management fees, salary expenses and other expenses. The following table sets forth information related to the Company’s investments in joint ventures and other operating entities as of and for the years ended December 31: 2024 2023(1) 2022 (in millions) Investment in joint ventures and other operating entities $ 782 $ 1,192 $ 1,211 Dividends received from joint ventures and other operating entities $ 95 $ 66 $ 81 After-tax equity in earnings of joint ventures and other operating entities $ 144 $ 49 $ (62) __________ (1) In September of 2023, the Company acquired a 20% equity interest as a limited partner in Prismic. See Note 1 for additional information.

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying value of goodwill by reportable segment are as follows: PGIM International Corporate and Other Other(1) Total (in millions) Goodwill balance, December 31, 2021: $ 558 $ 130 $ 1,106 $ 10 $ 1,804 Impairments 0 0 (903) 0 (903) Foreign currency translation (9) (15) (1) 0 (25) Goodwill balance, December 31, 2022: 549 115 202 10 876 Acquisitions(2) 373 0 0 0 373 Impairments 0 0 (177) 0 (177) Divestitures(3) 0 0 (23) 0 (23) Foreign currency translation 30 (7) (1) 0 22 Goodwill balance, December 31, 2023: 952 108 1 10 1,071 Foreign currency translation and other(2) (6) (12) 0 0 (18) Goodwill balance, December 31, 2024: $ 946 $ 96 $ 1 $ 10 $ 1,053 __________ (1) Other includes goodwill balances assigned to Individual Retirement Strategies, Individual Life, and Group Insurance. (2) During 2023, PGIM acquired a majority stake in Deerpath Capital Management, LP, a leading U.S.-based private credit and direct lending manager. The goodwill associated with that acquisition includes a measurement period adjustment made during 2024. (3) Includes a sale of a foreign operation classified as a divested business within Corporate and Other.
Schedule of Finite-Lived Intangible Assets	Other intangible balances at December 31, are as follows: 2024 2023 Gross Carrying Amount Accumulated Net Carrying Amount Gross Carrying Amount Accumulated Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 897 $ (630) $ 267 $ 884 $ (600) $ 284 Customer relationships 260 (173) 87 268 (158) 110 Software and other 41 (30) 11 189 (135) 54 Not subject to amortization 41 N/A 41 58 N/A 58 Total $ 406 $ 506
Schedule of Indefinite-Lived Intangible Assets	Other intangible balances at December 31, are as follows: 2024 2023 Gross Carrying Amount Accumulated Net Carrying Amount Gross Carrying Amount Accumulated Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 897 $ (630) $ 267 $ 884 $ (600) $ 284 Customer relationships 260 (173) 87 268 (158) 110 Software and other 41 (30) 11 189 (135) 54 Not subject to amortization 41 N/A 41 58 N/A 58 Total $ 406 $ 506
Estimated Future Amortization Expense of Other Intangibles	The following table provides estimated future amortization for the periods indicated: 2025 2026 2027 2028 2029 Thereafter Total (in millions) Estimated future VOBA amortization $ 39 $ 36 $ 33 $ 30 $ 27 $ 270 $ 435 The following table provides estimated future amortization for the periods indicated: 2025 2026 2027 2028 2029 (in millions) Estimated future amortization expense of other intangibles $ 63 $ 59 $ 53 $ 48 $ 34

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Lessee Supplemental Balance Sheet Information Related to Operating Leases	Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. December 31, 2024 2023 ($ in millions) Operating Leases: Right-of-use assets $ 373 $ 286 Lease liabilities $ 408 $ 311 Weighted average remaining lease term 9 years 5 years Weighted average discount rate 2.58 % 2.82 %
Lessee Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities are as follows: December 31, 2024 (in millions) 2025 $ 95 2026 73 2027 54 2028 42 2029 35 Thereafter 204 Total lease payments 503 Less imputed interest (95) Total $ 408

Liability for Future Policy B_2

Liability for Future Policy Benefits (Tables)	12 Months Ended
	Dec. 31, 2024
Insurance [Abstract]
Liability for Future Policy Benefit	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. Year Ended December 31, 2024 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 $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 $ 141,398 Effect of cumulative changes in discount rate assumptions, BOP 11,869 228 596 622 16 13,331 Balance at original discount rate, BOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of assumption update 41 21 (328) (535) (276) (1,077) Effect of actual variances from expected experience and other activity 568 (228) (1,286) (874) 122 (1,698) Adjusted balance, BOP 83,885 11,295 28,046 25,580 3,148 151,954 Issuances 24,498 857 2,241 1,113 0 28,709 Net premiums / considerations collected (22,206) (1,379) (3,671) (3,298) (311) (30,865) Interest accrual 2,896 530 835 692 149 5,102 Foreign currency adjustment (2,002) 0 (1,934) (1,275) 0 (5,211) Other adjustments 0 (1) 121 0 0 120 Balance at original discount rate, EOP 87,071 11,302 25,638 22,812 2,986 149,809 Effect of cumulative changes in discount rate assumptions, EOP (14,545) (578) (1,397) (1,202) (132) (17,854) Balance, EOP $ 72,526 $ 10,724 $ 24,241 $ 21,610 $ 2,854 131,955 Other businesses, EOP 93 Total balance, EOP $ 132,048 Year Ended December 31, 2024 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 $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 $ 331,984 Effect of cumulative changes in discount rate assumptions, BOP 14,751 334 563 7,355 603 23,606 Balance at original discount rate, BOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of assumption update (481) 21 (106) (407) (394) (1,367) Effect of actual variances from expected experience and other activity 716 (252) (1,333) (851) 99 (1,621) Adjusted balance, BOP 156,121 19,955 78,946 85,133 12,447 352,602 Issuances 24,498 857 2,241 1,113 0 28,709 Interest accrual 6,290 945 2,551 2,166 606 12,558 Benefit payments (13,131) (1,615) (4,370) (4,793) (327) (24,236) Foreign currency adjustment (2,017) 0 (5,251) (4,702) 0 (11,970) Other adjustments (95) (12) 290 (5) 0 178 Balance at original discount rate, EOP 171,666 20,130 74,407 78,912 12,726 357,841 Effect of cumulative changes in discount rate assumptions, EOP (20,182) (1,134) (6,272) (11,562) (1,548) (40,698) Balance, EOP $ 151,484 $ 18,996 $ 68,135 $ 67,350 $ 11,178 317,143 Other businesses, EOP 1,646 Total balance, EOP $ 318,789 Year Ended December 31, 2024 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 $ 78,958 $ 8,272 $ 43,894 $ 45,740 $ 8,324 $ 185,188 Flooring impact, EOP 68 0 24 13 0 105 Balance, EOP, post-flooring 79,026 8,272 43,918 45,753 8,324 185,293 Less: Reinsurance recoverable 5,057 654 89 260 0 6,060 Balance after reinsurance recoverable, EOP, post-flooring $ 73,969 $ 7,618 $ 43,829 $ 45,493 $ 8,324 179,233 Other businesses, EOP(1) 1,493 Total balance after reinsurance recoverable, EOP $ 180,726 Year Ended December 31, 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 540 (223) (1,092) (845) 161 (1,459) Adjusted balance, BOP 66,392 11,630 31,029 29,257 3,462 141,770 Issuances 20,914 750 2,292 1,583 0 25,539 Net premiums / considerations collected (10,389) (1,413) (3,917) (3,720) (317) (19,756) Interest accrual 2,233 538 889 780 157 4,597 Foreign currency adjustment 4,126 0 (756) (907) 0 2,463 Other adjustments 0 (3) 123 (4) 0 116 Balance at original discount rate, EOP 83,276 11,502 29,660 26,989 3,302 154,729 Effect of cumulative changes in discount rate assumptions, EOP (11,869) (228) (596) (622) (16) (13,331) Balance, EOP $ 71,407 $ 11,274 $ 29,064 $ 26,367 $ 3,286 141,398 Other businesses, EOP 86 Total balance, EOP $ 141,484 Year Ended December 31, 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 514 (269) (1,030) (806) 160 (1,431) Adjusted balance, BOP 137,149 20,030 81,473 90,835 12,418 341,905 Issuances 20,914 750 2,292 1,583 0 25,539 Interest accrual 5,109 944 2,615 2,287 594 11,549 Benefit payments (11,477) (1,522) (3,965) (5,057) (270) (22,291) Foreign currency adjustment 4,209 0 (2,286) (3,229) 0 (1,306) Other adjustments (18) (16) 256 (28) 0 194 Balance at original discount rate, EOP 155,886 20,186 80,385 86,391 12,742 355,590 Effect of cumulative changes in discount rate assumptions, EOP (14,751) (334) (563) (7,355) (603) (23,606) Balance, EOP $ 141,135 $ 19,852 $ 79,822 $ 79,036 $ 12,139 331,984 Other businesses, EOP 1,716 Total balance, EOP $ 333,700 Year Ended December 31, 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 $ 69,728 $ 8,578 $ 50,757 $ 52,669 $ 8,852 $ 190,584 Flooring impact, EOP 61 0 19 6 0 86 Balance, EOP, post-flooring 69,789 8,578 50,776 52,675 8,852 190,670 Less: Reinsurance recoverable 5,539 744 102 202 0 6,587 Balance after reinsurance recoverable, EOP, post-flooring $ 64,250 $ 7,834 $ 50,674 $ 52,473 $ 8,852 184,083 Other businesses, EOP(1) 1,563 Total balance after reinsurance recoverable, EOP $ 185,646 Year Ended December 31, 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 371 (139) (1,621) (989) 184 (2,194) Adjusted balance, BOP 64,997 12,253 34,304 33,411 3,174 148,139 Issuances 22,064 476 3,031 2,370 0 27,941 Net premiums / considerations collected (14,765) (1,404) (4,149) (4,218) (284) (24,820) Interest accrual 1,640 542 935 859 145 4,121 Foreign currency adjustment (6,967) 0 (2,220) (2,145) 0 (11,332) Other adjustments 0 (13) 142 0 0 129 Balance at original discount rate, EOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of cumulative changes in discount rate assumptions, EOP (14,349) (572) (1,354) (1,326) (103) (17,704) Balance, EOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 126,474 Other businesses, EOP 88 Total balance, EOP $ 126,562 Year Ended December 31, 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 273 (218) (1,730) (892) 208 (2,359) Adjusted balance, BOP 128,973 20,451 86,163 100,314 11,585 347,486 Issuances 22,064 476 3,031 2,370 0 27,941 Interest accrual 4,231 937 2,641 2,399 554 10,762 Benefit payments (9,629) (1,547) (3,725) (5,975) (238) (21,114) Foreign currency adjustment (7,180) 0 (6,043) (7,489) 0 (20,712) Other adjustments (535) (17) 291 (22) 0 (283) Balance at original discount rate, EOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of cumulative changes in discount rate assumptions, EOP (20,170) (1,012) (3,719) (11,266) (1,216) (37,383) Balance, EOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 306,697 Other businesses, EOP 1,921 Total balance, EOP $ 308,618 Year Ended December 31, 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 $ 65,134 $ 8,006 $ 47,950 $ 51,380 $ 7,753 $ 180,223 Flooring impact, EOP 1 0 106 140 0 247 Balance, EOP, post-flooring 65,135 8,006 48,056 51,520 7,753 180,470 Less: Reinsurance recoverable 0 708 126 203 0 1,037 Balance after reinsurance recoverable, EOP, post-flooring $ 65,135 $ 7,298 $ 47,930 $ 51,317 $ 7,753 179,433 Other businesses, EOP(1) 1,758 Total balance after reinsurance recoverable, EOP $ 181,191 __________ (1) Reflects balance after reinsurance recoverable of $60 million, $69 million, and $76 million at December 31, 2024, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Year Ended December 31, 2024 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 145,442 $ 22,947 $ 59,857 $ 47,987 $ 6,817 Discounted expected future gross premiums (at original discount rate) $ 94,222 $ 15,662 $ 46,238 $ 38,477 $ 4,542 Discounted expected future gross premiums (at current discount rate) $ 78,237 $ 14,901 $ 44,062 $ 36,554 $ 4,350 Undiscounted expected future benefits and expenses $ 274,071 $ 31,068 $ 126,508 $ 127,500 $ 29,661 Weighted-average duration of the liability in years (at original discount rate) 8 10 18 17 17 Weighted-average duration of the liability in years (at current discount rate) 8 9 16 15 16 Weighted-average interest rate (at original discount rate) 4.74 % 5.30 % 3.48 % 2.65 % 4.91 % Weighted-average interest rate (at current discount rate) 5.59 % 5.78 % 3.76 % 3.65 % 5.85 % Year Ended December 31, 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 $ 134,192 $ 23,083 $ 69,238 $ 56,398 $ 6,852 Discounted expected future gross premiums (at original discount rate) $ 90,606 $ 15,322 $ 53,640 $ 45,319 $ 4,509 Discounted expected future gross premiums (at current discount rate) $ 77,520 $ 15,044 $ 53,102 $ 44,420 $ 4,491 Undiscounted expected future benefits and expenses $ 242,617 $ 31,114 $ 139,620 $ 141,171 $ 30,761 Weighted-average duration of the liability in years (at original discount rate) 9 10 19 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 17 17 Weighted-average interest rate (at original discount rate) 4.62 % 5.17 % 3.43 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.03 % 4.99 % 3.06 % 2.97 % 5.25 % Year Ended December 31, 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 $ 103,284 $ 23,526 $ 74,196 $ 64,059 $ 6,971 Discounted expected future gross premiums (at original discount rate) $ 72,479 $ 15,628 $ 57,985 $ 50,968 $ 4,539 Discounted expected future gross premiums (at current discount rate) $ 56,950 $ 14,886 $ 56,068 $ 48,902 $ 4,391 Undiscounted expected future benefits and expenses $ 209,770 $ 31,412 $ 148,331 $ 155,711 $ 29,613 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 19 18 18 Weighted-average interest rate (at original discount rate) 4.37 % 5.21 % 3.40 % 2.50 % 4.91 % Weighted-average interest rate (at current discount rate) 5.39 % 5.39 % 3.12 % 2.98 % 5.63 % The balances of and changes in DPL as of and for the period indicated are as follows: Year Ended December 31, 2024 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,615 $ 3,956 $ 5,303 $ 14,874 Flooring impact, BOP 0 1 1 2 Balance, BOP, pre-flooring 5,615 3,955 5,302 14,872 Effect of assumption update 370 (150) (138) 82 Effect of actual variances from expected experience and other activity (99) (20) (39) (158) Adjusted balance, BOP 5,886 3,785 5,125 14,796 Profits deferred 142 1,530 1,149 2,821 Interest accrual 236 164 156 556 Amortization (588) (1,129) (980) (2,697) Foreign currency adjustment (6) (268) (212) (486) Other adjustments 0 32 0 32 Balance, EOP, pre-flooring 5,670 4,114 5,238 15,022 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,670 4,115 5,239 15,024 Less: Reinsurance recoverable 391 9 31 431 Balance after reinsurance recoverable $ 5,279 $ 4,106 $ 5,208 14,593 Other businesses 161 Total balance after reinsurance recoverable $ 14,754 Year Ended December 31, 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 21 (14) (61) (54) Adjusted balance, BOP 5,588 3,298 4,971 13,857 Profits deferred 342 1,674 1,331 3,347 Interest accrual 227 148 152 527 Amortization (565) (1,158) (1,015) (2,738) Foreign currency adjustment 15 (39) (137) (161) Other adjustments 8 32 0 40 Balance, EOP, pre-flooring 5,615 3,955 5,302 14,872 Flooring impact, EOP 0 1 1 2 Balance, EOP 5,615 3,956 5,303 14,874 Less: Reinsurance recoverable 386 9 10 405 Balance after reinsurance recoverable $ 5,229 $ 3,947 $ 5,293 14,469 Other businesses 148 Total balance after reinsurance recoverable $ 14,617 Year Ended December 31, 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 102 (1) (110) (9) Adjusted balance, BOP 5,667 2,768 4,898 13,333 Profits deferred 230 1,725 1,555 3,510 Interest accrual 214 123 143 480 Amortization (548) (1,131) (1,036) (2,715) Foreign currency adjustment (30) (131) (300) (461) Other adjustments (1) 25 0 24 Balance, EOP, pre-flooring 5,532 3,379 5,260 14,171 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,532 3,379 5,261 14,172 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,532 $ 3,371 $ 5,251 14,154 Other businesses 183 Total balance after reinsurance recoverable $ 14,337 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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 14,308 $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 843 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 15,151 13,969 10,799 Effect of assumption update 153 23 2,200 Effect of actual variances from expected experience and other activity 266 32 (221) Adjusted balance, BOP 15,570 14,024 12,778 Assessments collected(1) 1,251 938 973 Interest accrual 539 488 435 Benefits paid (353) (301) (217) Other adjustments 1 2 0 Balance, excluding amounts in AOCI, EOP, pre-flooring 17,008 15,151 13,969 Flooring impact and amounts in AOCI (632) (843) (1,285) Balance, including amounts in AOCI, EOP, post-flooring 16,376 14,308 12,684 Less: Reinsurance recoverable 9,543 5,852 5,075 Balance after reinsurance recoverable, including amounts in AOCI, EOP 6,833 8,456 7,609 Other businesses 63 131 138 Total balance after reinsurance recoverable $ 6,896 $ 8,587 $ 7,747 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Year Ended December 31, 2024 2023 2022 Weighted-average duration of the liability in years (at original discount rate) 21 22 23 Weighted-average interest rate (at original discount rate) 3.36 % 3.40 % 3.38 % The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, DPL, and AIR 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: Year Ended December 31, 2024 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 186,846 $ 192,302 $ 182,304 Deferred profit liability, EOP, post-flooring 15,185 15,022 14,356 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 16,439 14,439 12,822 Subtotal of amounts disclosed above 218,470 221,763 209,482 Other Future Policy Benefits reserves(1) 50,442 51,518 52,291 Total Future Policy Benefits $ 268,912 $ 273,281 $ 261,773 __________ (1) Primarily 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. The following tables present revenue and interest expense related to Benefit Reserves, DPL, and AIR 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: Year Ended December 31, 2024 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 $ 22,814 $ 1,892 $ 0 $ 5,616 $ 5,445 $ 557 $ 36,324 Deferred profit liability (61) 0 0 (428) (148) (12) (649) Additional insurance reserves 0 0 3,458 0 0 0 3,458 Total $ 22,753 $ 1,892 $ 3,458 $ 5,188 $ 5,297 $ 545 $ 39,133 Year Ended December 31, 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 $ 11,156 $ 1,848 $ 0 $ 6,199 $ 6,154 $ 540 $ 25,897 Deferred profit liability (68) 0 0 (615) (179) 34 (828) Additional insurance reserves 0 0 2,947 0 0 0 2,947 Total $ 11,088 $ 1,848 $ 2,947 $ 5,584 $ 5,975 $ 574 $ 28,016 Year Ended December 31, 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 $ 15,427 $ 1,875 $ 0 $ 6,731 $ 6,987 $ 522 $ 31,542 Deferred profit liability (378) 0 0 (773) (547) 42 (1,656) Additional insurance reserves 0 0 2,678 1 0 0 2,679 Total $ 15,049 $ 1,875 $ 2,678 $ 5,959 $ 6,440 $ 564 $ 32,565 Year Ended December 31, 2024 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 $ 3,394 $ 415 $ 0 $ 1,717 $ 1,474 $ 505 $ 7,505 Deferred profit liability 236 0 0 164 156 4 560 Additional insurance reserves 0 0 539 1 0 0 540 Total $ 3,630 $ 415 $ 539 $ 1,882 $ 1,630 $ 509 $ 8,605 Year Ended December 31, 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 $ 2,876 $ 406 $ 0 $ 1,726 $ 1,507 $ 490 $ 7,005 Deferred profit liability 227 0 0 148 152 4 531 Additional insurance reserves 0 0 488 2 0 0 490 Total $ 3,103 $ 406 $ 488 $ 1,876 $ 1,659 $ 494 $ 8,026 Year Ended December 31, 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 $ 2,591 $ 395 $ 0 $ 1,706 $ 1,540 $ 464 $ 6,696 Deferred profit liability 214 0 0 123 143 6 486 Additional insurance reserves 0 0 435 3 0 0 438 Total $ 2,805 $ 395 $ 435 $ 1,832 $ 1,683 $ 470 $ 7,620 __________ (1) Represents “Gross premiums” for benefit reserves, “Revenue” for DPL and “Gross assessments” for AIR. (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)	12 Months Ended
	Dec. 31, 2024
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: Year Ended December 31, 2024 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 $ 132,729 Deposits 7,106 8,318 5,266 1,313 2,505 1,974 6,888 33,370 Interest credited 757 511 252 148 774 867 943 4,252 Dispositions 0 0 0 0 0 (336) 0 (336) Policy charges (11) (33) (5) (322) (2,051) (330) (240) (2,992) Surrenders and withdrawals (5,895) (919) (719) (1,452) (1,654) (817) (1,556) (13,012) Benefit payments (607) (85) (79) 0 (137) (264) (2,084) (3,256) Net transfers (to) from separate account 0 122 0 (6) 613 0 0 729 Change in market value and other adjustments(1) 0 2,406 210 0 107 (17) (13) 2,693 Foreign currency adjustment 0 0 0 0 0 (967) (1,177) (2,144) Balance, end of period $ 19,088 $ 34,085 $ 12,020 $ 4,974 $ 27,596 $ 13,059 $ 41,211 152,033 Closed Block Division 4,359 Unearned revenue reserve, unearned expense credit, and additional interest reserve 6,009 Other(2) 3,853 Total Policyholders' account balance $ 166,254 Weighted-average crediting rate 4.11 % 1.77 % 2.64 % 2.88 % 2.81 % 6.67 % 2.37 % 2.99 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 73,259 $ 400,990 $ 20,307 $ 6,128 $ 500,684 Cash surrender value(4) $ 19,058 $ 32,501 $ 10,305 $ 3,892 $ 23,886 $ 12,191 $ 36,837 $ 138,670 Year Ended December 31, 2023 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 5,657 4,638 2,659 1,212 2,447 2,417 6,611 25,641 Interest credited 677 305 129 165 773 709 736 3,494 Dispositions 0 0 0 0 0 0 0 0 Policy charges (23) (24) (9) (323) (2,047) (312) (217) (2,955) Surrenders and withdrawals (5,290) (704) (414) (1,552) (1,820) (218) (1,487) (11,485) Benefit payments (659) (76) (76) 0 (154) (266) (1,919) (3,150) Net transfers (to) from separate account 0 34 0 (48) 1,393 0 0 1,379 Change in market value and other adjustments(1) 0 2,068 163 0 345 31 (9) 2,598 Foreign currency adjustment 0 0 0 0 0 (580) (590) (1,170) Balance, end of period $ 17,738 $ 23,765 $ 7,095 $ 5,293 $ 27,439 $ 12,949 $ 38,450 132,729 Closed Block Division 4,500 Unearned revenue reserve, unearned expense credit, and additional interest reserve 5,326 Other(2) 4,463 Total Policyholders' account balance $ 147,018 Weighted-average crediting rate 3.85 % 1.48 % 2.21 % 2.96 % 2.87 % 5.88 % 1.99 % 2.78 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 72,858 $ 382,399 $ 19,276 $ 6,453 $ 480,986 Cash surrender value(4) $ 17,738 $ 21,640 $ 5,827 $ 4,021 $ 23,234 $ 11,268 $ 33,833 $ 117,561 Year Ended December 31, 2022 Retirement Strategies Group Insurance Individual Life International Businesses Total Institutional Individual Variable Individual Fixed Life/Disability Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 16,391 $ 14,125 $ 4,652 $ 6,273 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 6,083 4,777 753 1,233 2,551 1,499 3,978 20,874 Interest credited 561 211 87 153 816 38 518 2,384 Dispositions(5) 0 (1,405) (440) 0 0 0 0 (1,845) Policy charges (22) (6) (5) (322) (2,040) (216) (174) (2,785) Surrenders and withdrawals (5,075) (372) (163) (1,457) (1,657) (210) (2,816) (11,750) Benefit payments (562) (92) (176) 0 (197) (253) (1,966) (3,246) Net transfers (to) from separate account 0 246 0 (41) 449 0 0 654 Change in market value and other adjustments(1) 0 40 (65) 0 (279) 28 (10) (286) Foreign currency adjustment 0 0 0 0 0 (1,273) (1,820) (3,093) Balance, end of period $ 17,376 $ 17,524 $ 4,643 $ 5,839 $ 26,502 $ 11,168 $ 35,325 118,377 Closed Block Division 4,607 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,581 Other(2) 8,059 Total Policyholders' account balance $ 135,624 Weighted-average crediting rate 3.33 % 1.34 % 1.88 % 2.53 % 3.06 % 3.41 % 1.42 % 2.32 % Net amount at risk(3) $ 0 $ 0 $ 0 $ 70,574 $ 367,698 $ 17,205 $ 7,138 $ 462,615 Cash surrender value(4) $ 17,376 $ 15,297 $ 3,581 $ 4,147 $ 21,766 $ 9,612 $ 31,270 $ 103,049 __________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) Includes $5,099 million, $5,479 million and $8,133 million of Full Service account balances reinsured to Great-West for December 31, 2024, December 31, 2023 and December 31, 2022, respectively. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) 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. (5) Represents the net impact from the sale of PALAC in Individual Retirement Strategies.
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 (“bps”), between rates being credited to policyholders and the respective guaranteed minimums are as follows: December 31, 2024 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) Retirement Strategies - Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,552 0 0 0 1,552 2.00% - 2.99% 79 0 0 0 79 3.00% - 4.00% 3,889 0 0 0 3,889 Greater than 4.00% 3,341 0 0 0 3,341 Total $ 9,262 $ 0 $ 0 $ 0 $ 9,262 Retirement Strategies - Individual Variable Less than 1.00% $ 129 $ 503 $ 647 $ 0 $ 1,279 1.00% - 1.99% 124 295 2 0 421 2.00% - 2.99% 21 4 4 0 29 3.00% - 4.00% 1,708 3 8 0 1,719 Greater than 4.00% 83 0 0 0 83 Total $ 2,065 $ 805 $ 661 $ 0 $ 3,531 Retirement Strategies - Individual Fixed Less than 1.00% $ 0 $ 3 $ 12 $ 1,022 $ 1,037 1.00% - 1.99% 461 83 208 69 821 2.00% - 2.99% 538 465 557 16 1,576 3.00% - 4.00% 2,074 84 11 3 2,172 Greater than 4.00% 84 0 0 0 84 Total $ 3,157 $ 635 $ 788 $ 1,110 $ 5,690 Group Insurance - Life / Disability Less than 1.00% $ 0 $ 0 $ 0 $ 959 $ 959 1.00% - 1.99% 0 0 3 2 5 2.00% - 2.99% 24 15 0 0 39 3.00% - 4.00% 1,482 0 38 22 1,542 Greater than 4.00% 3 0 0 0 3 Total $ 1,509 $ 15 $ 41 $ 983 $ 2,548 Individual Life - Variable / Universal Life Less than 1.00% $ 7 $ 0 $ 0 $ 317 $ 324 1.00% - 1.99% 290 0 2,238 1,513 4,041 2.00% - 2.99% 33 1,668 2,750 419 4,870 3.00% - 4.00% 6,098 1,727 1,321 36 9,182 Greater than 4.00% 5,384 0 0 0 5,384 Total $ 11,812 $ 3,395 $ 6,309 $ 2,285 $ 23,801 International Businesses - Life Planner Less than 1.00% $ 288 $ 41 $ 80 $ 2,984 $ 3,393 1.00% - 1.99% 2,653 27 0 0 2,680 2.00% - 2.99% 1,901 0 0 0 1,901 3.00% - 4.00% 372 0 0 0 372 Greater than 4.00% 384 0 0 0 384 Total $ 5,598 $ 68 $ 80 $ 2,984 $ 8,730 International Businesses - Gibraltar Life and Other Less than 1.00% $ 15,268 $ 0 $ 0 $ 0 $ 15,268 1.00% - 1.99% 7,778 52 0 0 7,830 2.00% - 2.99% 2,645 267 29 0 2,941 3.00% - 4.00% 6,327 0 0 0 6,327 Greater than 4.00% 8,688 0 0 0 8,688 Total $ 40,706 $ 319 $ 29 $ 0 $ 41,054 December 31, 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) Retirement Strategies - Institutional Less than 1.00% $ 589 $ 0 $ 0 $ 0 $ 589 1.00% - 1.99% 1,552 0 0 0 1,552 2.00% - 2.99% 596 0 0 0 596 3.00% - 4.00% 5,041 0 0 0 5,041 Greater than 4.00% 1,906 0 0 0 1,906 Total $ 9,684 $ 0 $ 0 $ 0 $ 9,684 Retirement Strategies - Individual Variable Less than 1.00% $ 908 $ 807 $ 18 $ 0 $ 1,733 1.00% - 1.99% 218 2 1 0 221 2.00% - 2.99% 29 4 4 0 37 3.00% - 4.00% 1,942 13 10 0 1,965 Greater than 4.00% 95 0 0 0 95 Total $ 3,192 $ 826 $ 33 $ 0 $ 4,051 Retirement Strategies - Individual Fixed Less than 1.00% $ 0 $ 0 $ 1 $ 117 $ 118 1.00% - 1.99% 526 122 250 80 978 2.00% - 2.99% 550 469 562 17 1,598 3.00% - 4.00% 321 11 0 0 332 Greater than 4.00% 95 0 0 0 95 Total $ 1,492 $ 602 $ 813 $ 214 $ 3,121 Group Insurance - Life / Disability Less than 1.00% $ 0 $ 0 $ 0 $ 1,147 $ 1,147 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 29 0 0 0 29 3.00% - 4.00% 1,543 0 0 50 1,593 Greater than 4.00% 73 0 0 0 73 Total $ 1,645 $ 0 $ 0 $ 1,197 $ 2,842 Individual Life - Variable / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 368 $ 368 1.00% - 1.99% 201 0 2,588 813 3,602 2.00% - 2.99% 30 1,445 2,944 340 4,759 3.00% - 4.00% 4,422 4,092 1,311 19 9,844 Greater than 4.00% 5,491 0 0 0 5,491 Total $ 10,144 $ 5,537 $ 6,843 $ 1,540 $ 24,064 International Businesses - Life Planner Less than 1.00% $ 331 $ 43 $ 89 $ 1,996 $ 2,459 1.00% - 1.99% 2,969 28 0 0 2,997 2.00% - 2.99% 2,124 0 0 0 2,124 3.00% - 4.00% 354 0 0 0 354 Greater than 4.00% 400 0 0 0 400 Total $ 6,178 $ 71 $ 89 $ 1,996 $ 8,334 International Businesses - Gibraltar Life and Other Less than 1.00% $ 15,975 $ 0 $ 0 $ 0 $ 15,975 1.00% - 1.99% 9,016 63 0 0 9,079 2.00% - 2.99% 3,114 310 36 0 3,460 3.00% - 4.00% 4,378 0 0 0 4,378 Greater than 4.00% 5,419 0 0 0 5,419 Total $ 37,902 $ 373 $ 36 $ 0 $ 38,311 December 31, 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) Retirement Strategies - Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,575 0 0 0 1,575 2.00% - 2.99% 672 0 0 0 672 3.00% - 4.00% 5,697 0 0 0 5,697 Greater than 4.00% 1,510 0 0 0 1,510 Total $ 9,855 $ 0 $ 0 $ 0 $ 9,855 Retirement Strategies - Individual Variable Less than 1.00% $ 1,009 $ 861 $ 19 $ 0 $ 1,889 1.00% - 1.99% 246 2 1 0 249 2.00% - 2.99% 33 1 0 0 34 3.00% - 4.00% 2,289 10 10 0 2,309 Greater than 4.00% 111 0 0 0 111 Total $ 3,688 $ 874 $ 30 $ 0 $ 4,592 Retirement Strategies - Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 614 113 250 83 1,060 2.00% - 2.99% 474 0 0 0 474 3.00% - 4.00% 389 4 0 0 393 Greater than 4.00% 105 0 0 0 105 Total $ 1,582 $ 117 $ 250 $ 83 $ 2,032 Group Insurance - Life / Disability Less than 1.00% $ 0 $ 0 $ 0 $ 1,564 $ 1,564 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 53 0 0 0 53 3.00% - 4.00% 1,658 0 0 0 1,658 Greater than 4.00% 3 0 0 0 3 Total $ 1,721 $ 0 $ 0 $ 1,564 $ 3,285 Individual Life - Variable / Universal Life Less than 1.00% $ 12 $ 0 $ 0 $ 0 $ 12 1.00% - 1.99% 420 0 774 1,928 3,122 2.00% - 2.99% 402 121 2,414 1,844 4,781 3.00% - 4.00% 7,787 32 2,280 145 10,244 Greater than 4.00% 5,594 0 0 0 5,594 Total $ 14,215 $ 153 $ 5,468 $ 3,917 $ 23,753 International Businesses - Life Planner Less than 1.00% $ 356 $ 27 $ 93 $ 404 $ 880 1.00% - 1.99% 3,175 24 0 0 3,199 2.00% - 2.99% 2,285 0 0 0 2,285 3.00% - 4.00% 330 0 0 0 330 Greater than 4.00% 405 0 0 0 405 Total $ 6,551 $ 51 $ 93 $ 404 $ 7,099 International Businesses - Gibraltar Life and Other Less than 1.00% $ 17,485 $ 0 $ 0 $ 0 $ 17,485 1.00% - 1.99% 10,064 0 0 0 10,064 2.00% - 2.99% 3,277 345 43 0 3,665 3.00% - 4.00% 2,555 0 0 0 2,555 Greater than 4.00% 1,303 0 0 0 1,303 Total $ 34,684 $ 345 $ 43 $ 0 $ 35,072 __________ (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options and Japan variable products.
Additional Liability, Long-Duration Insurance	The balance of and changes in URR as of and for the periods ended are as follows: Year Ended December 31, 2024 Individual Life International Businesses Variable/ Universal Life Life Planner Gibraltar Life and Other Total (in millions) Balance, beginning of period $ 4,613 $ 359 $ 95 $ 5,067 Unearned revenue 872 141 20 1,033 Amortization expense (240) (17) (5) (262) Other adjustments 0 (57) (1) (58) FX adjustment 0 (23) (7) (30) Balance, end of period $ 5,245 $ 403 $ 102 5,750 Other 59 Total unearned revenue reserve balance $ 5,809 Year Ended December 31, 2023 Individual Life International Businesses Variable/ Universal Life Life Planner Gibraltar Life and Other Total (in millions) Balance, beginning of period $ 3,983 $ 231 $ 81 $ 4,295 Unearned revenue 841 147 22 1,010 Amortization expense (211) (10) (5) (226) Other adjustments 0 3 0 3 FX adjustment 0 (12) (3) (15) Balance, end of period $ 4,613 $ 359 $ 95 5,067 Other 49 Total unearned revenue reserve balance $ 5,116 Year Ended December 31, 2022 Individual Life International Businesses Variable/Universal Life Life Planner Gibraltar Life and Other Total (in millions) Balance, beginning of period $ 3,357 $ 181 $ 68 $ 3,606 Unearned revenue 815 67 24 906 Amortization expense (189) (5) (6) (200) Other adjustments 0 5 1 6 FX adjustment 0 (17) (6) (23) Balance, end of period $ 3,983 $ 231 $ 81 4,295 Other 51 Total unearned revenue reserve balance $ 4,346

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	12 Months Ended
	Dec. 31, 2024
Insurance [Abstract]
Market Risk Benefits In Asset and Liability Positions	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: Year Ended December 31, 2024 2023 2022 (in millions) Balance, BOP $ 4,038 $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,137 1,828 898 Balance, BOP, before effect of changes in NPR 5,175 6,815 14,290 Attributed fees collected 1,122 1,186 1,339 Claims paid (79) (114) (99) Interest accrual 246 317 157 Actual in force different from expected 47 80 126 Effect of changes in interest rates (1,493) (1,480) (8,374) Effect of changes in equity markets (1,745) (1,952) 3,522 Effect of assumption update 93 342 (152) Issuances 72 23 0 Other adjustments(1) (26) (42) (3,994) Balance, EOP, before effect of changes in NPR 3,412 5,175 6,815 Effect of cumulative changes in NPR (672) (1,137) (1,828) Balance, EOP 2,740 4,038 4,987 Less: Reinsured MRBs 654 616 24 Balance, EOP, net of reinsurance 2,086 3,422 4,963 Other businesses 38 64 101 Total net MRB balance $ 2,124 $ 3,486 $ 5,064 __________ (1) 2022 includes $(4,061) million r elated to the sale of PALAC. See Note 1 for additional information. The following table presents accompanying information to the rollforward table above. December 31, 2024 December 31, 2023 December 31, 2022 ($ in millions) Net amount at risk(1) $ 9,285 $ 9,753 $ 13,180 Weighted-average attained age of contractholders 71 70 69 ___________ (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: December 31, 2024 Retirement Strategies Individual Variable Other Businesses Total (in millions) Direct and assumed $ 1,516 $ 9 $ 1,525 Ceded 804 2 806 Total MRB assets $ 2,320 $ 11 $ 2,331 Direct and assumed $ 4,256 $ 49 $ 4,305 Ceded 150 0 150 Total MRB liabilities $ 4,406 $ 49 $ 4,455 Net liability $ 2,086 $ 38 $ 2,124 December 31, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) Direct and assumed $ 1,221 $ 11 $ 1,232 Ceded 746 3 749 Total MRB assets $ 1,967 $ 14 $ 1,981 Direct and assumed $ 5,259 $ 78 $ 5,337 Ceded 130 0 130 Total MRB liabilities $ 5,389 $ 78 $ 5,467 Net liability $ 3,422 $ 64 $ 3,486 December 31, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) Direct and assumed $ 863 $ 9 $ 872 Ceded (76) 4 (72) Total MRB assets $ 787 $ 13 $ 800 Direct and assumed $ 5,850 $ 114 $ 5,964 Ceded (100) 0 (100) Total MRB liabilities $ 5,750 $ 114 $ 5,864 Net liability $ 4,963 $ 101 $ 5,064 .

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2024
Reinsurance Disclosures [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” for the years ended December 31, are as follows: 2024 2023 2022 (in millions) Direct premiums $ 39,222 $ 29,475 $ 34,721 Reinsurance assumed 6,167 5,005 4,072 Reinsurance ceded (2,492) (7,116) (2,318) Premiums $ 42,897 $ 27,364 $ 36,475 Direct policy charges and fee income $ 4,629 $ 3,933 $ 3,916 Reinsurance assumed 1,188 1,228 1,247 Reinsurance ceded (1,519) (634) (548) Policy charges and fee income $ 4,298 $ 4,527 $ 4,615 Direct change in value of market risk benefits, net of related hedging gains (losses) $ (405) $ 123 $ (308) Reinsurance assumed 134 120 21 Reinsurance ceded (126) (187) (122) Change in value of market risk benefits, net of related hedging gains (losses) $ (397) $ 56 $ (409) Direct policyholders’ benefits $ 43,743 $ 32,044 $ 38,081 Reinsurance assumed 7,722 7,128 5,900 Reinsurance ceded (4,346) (8,241) (3,165) Policyholders’ benefits $ 47,119 $ 30,931 $ 40,816 Direct change in estimates of liability for future policy benefits $ 112 $ 447 $ 1,504 Reinsurance assumed 78 (147) 471 Reinsurance ceded (227) 37 (1,321) Change in estimates of liability for future policy benefits $ (37) $ 337 $ 654
Reinsurance Recoverables	Reinsurance recoverables at December 31, are as follows: 2024 2023 (in millions) Individual and group annuities(1) $ 6,987 $ 7,516 Life insurance(2) 19,098 8,806 Other reinsurance 401 415 Total reinsurance recoverables(3)(4) $ 26,486 $ 16,737 __________ (1) Primarily represents $5,506 million and $5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also recorded a funds withheld payable related to the reinsurance agreement with Prismic Re of $7,796 million and $8,543 million as of December 31, 2024 and 2023, respectively. Also includes reinsurance recoverables representing the modified coinsurance receivable established under the reinsurance agreement with FLIAC in which the Company assumed all of FLIAC’s indexed variable annuities of $1,442 million and $1,485 million as of December 31, 2024 and 2023, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $2,033 million and $2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,387 million and $1,396 million as of December 31, 2024 and 2023, respectively. Also includes net reinsurance recoverables of $1,591 million as of December 31, 2024 for the modified coinsurance receivable established under the reinsurance agreement with Somerset Re in which the Company reinsured a portion of its in-force guaranteed universal life block of business. Additionally, includes reinsurance recoverables of $7,478 million as of December 31, 2024 for the coinsurance receivable established under the reinsurance agreement with Wilton Re in which the Company reinsured a portion of its in-force guaranteed universal life block of business. (3) Net of $(12) million of allowance for credit losses as of both December 31, 2024 and 2023, respectively. (4) Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $11,194 million and $10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the reinsurance agreement with Prismic Re were $3,578 million and $3,771 million as of December 31, 2024 and 2023, respectively.

Closed Block (Tables)

Closed Block (Tables)	12 Months Ended
	Dec. 31, 2024
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: 2024 2023 (in millions) Closed Block liabilities Future policy benefits $ 42,464 $ 43,587 Policyholders’ dividends payable 688 648 Policyholders’ dividend obligation 0 792 Policyholders’ account balances 4,359 4,500 Other Closed Block liabilities 3,346 3,605 Total Closed Block liabilities 50,857 53,132 Closed Block assets Fixed maturities, available-for-sale, at fair value 28,570 30,314 Fixed maturities, trading, at fair value 647 887 Equity securities, at fair value 1,642 1,970 Commercial mortgage and other loans 7,652 7,769 Policy loans 3,348 3,479 Other invested assets 4,929 4,513 Short-term investments 520 232 Total investments 47,308 49,164 Cash and cash equivalents 400 993 Accrued investment income 403 421 Other Closed Block assets 367 138 Total Closed Block assets 48,478 50,716 Excess of reported Closed Block liabilities over Closed Block assets 2,379 2,416 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (2,299) (2,241) Allocated to policyholder dividend obligation 2,096 2,081 Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,176 $ 2,256
Schedule of Closed Block Dividend Obligation	Information regarding the policyholder dividend obligation is as follows: 2024 2023 (in millions) Balance, January 1 $ 792 $ 0 Impact from earnings allocable to policyholder dividend obligation (777) (334) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation (15) 1,126 Balance, December 31 $ 0 $ 792
Schedule of Closed Block Revenues Benefits Expenses	Closed Block revenues and benefits and expenses for the years ended December 31, are as follows: 2024 2023 2022 (in millions) Revenues Premiums $ 1,689 $ 1,675 $ 1,698 Net investment income 2,041 1,949 1,980 Realized investment gains (losses), net (769) (380) (270) Other income (loss) 319 411 (447) Total Closed Block revenues 3,280 3,655 2,961 Benefits and Expenses Policyholders’ benefits 2,343 2,354 2,428 Interest credited to policyholders’ account balances 117 118 121 Dividends to policyholders 641 1,008 115 General and administrative expenses 266 280 302 Total Closed Block benefits and expenses 3,367 3,760 2,966 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (87) (105) (5) Income tax expense (benefit) (166) (176) (103) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 79 $ 71 $ 98

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following schedule discloses significant components of income tax expense (benefit) for each year presented: Year Ended December 31, 2024 2023 2022 (in millions) Current tax expense (benefit): U.S. $ 495 $ (4) $ 214 State and local 35 25 15 Foreign 755 667 480 Total current tax expense (benefit) 1,285 688 709 Deferred tax expense (benefit): U.S. (545) 323 (789) State and local (1) 0 1 Foreign (232) (398) (200) Total deferred tax expense (benefit) (778) (75) (988) Total income tax expense (benefit) on income (loss) before equity in earnings of joint ventures and other operating entities 507 613 (279) Income tax expense (benefit) on equity in earnings of joint ventures and other operating entities 41 34 25 Income tax expense (benefit) on discontinued operations 0 0 0 Income tax expense (benefit) reported in equity related to: Other comprehensive income (loss) 364 (837) 2,555 Total income taxes $ 912 $ (190) $ 2,301
Schedule of Effective Income Tax Rate Reconciliation	The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% applicable for 2024, 2023 and 2022, and the reported income tax expense (benefit) are summarized as follows: Year Ended December 31, 2024 2023(1) 2022(1) ($ in millions) Expected federal income tax expense (benefit) $ 674 $ 645 $ (397) Non-taxable investment income (168) (162) (86) Foreign taxes at other than U.S. rate 189 191 122 Low-income housing and other tax credits (94) (106) (128) Changes in tax law 50 (99) (11) GILTI (24) 5 101 Sale of subsidiary (10) 0 86 Non-deductible expenses 39 29 21 Change in valuation allowance (45) 111 16 State taxes (net of federal benefit) 26 20 13 Other (130) (21) (16) Reported income tax expense (benefit) $ 507 $ 613 $ (279) Effective tax rate 15.8 % 20.0 % 14.7 % __________ (1) Prior period amounts have been updated to conform to current period presentation.
Schedule of Deferred Tax Assets and Liabilities	As of December 31, 2024 2023 (in millions) Deferred tax assets: Net unrealized investment losses $ 6,987 $ 4,047 Policyholders’ dividends 55 213 Net operating and capital loss carryforwards 360 178 Employee benefits 271 332 Investments 2,448 2,883 Goodwill and other intangibles 313 335 Deferred tax assets before valuation allowance 10,434 7,988 Valuation allowance (238) (290) Deferred tax assets after valuation allowance 10,196 7,698 Deferred tax liabilities: Insurance reserves 4,629 2,742 Deferred policy acquisition costs 3,851 3,897 Value of business acquired 147 166 Other 1,261 969 Deferred tax liabilities 9,888 7,774 Net deferred tax asset (liability)(1) $ 308 $ (76) __________ (1) As of December 31, 2024, includes net deferred tax assets of $840 million and $401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $542 million and $403 million, related to the Company’s U.S. operations and Bermuda operations, respectively.
Operating And Capital Loss Carryforwards	The valuation allowance includes amounts recorded in connection with deferred tax assets as follows: Federal State Foreign Operations Total (in millions) Balance at December 31, 2022 $ 22 $ 109 $ 28 $ 159 Charged to costs and expenses 3 0 8 11 Other adjustments 0 23 97 120 Balance at December 31, 2023 25 132 133 290 Charged to costs and expenses (2) 0 7 5 Other adjustments 0 (4) (53) (57) Balance at December 31, 2024 $ 23 $ 128 $ 87 $ 238 The following table sets forth the amount and expiration dates of federal, state and foreign operating, capital loss and tax credit carryforwards for tax purposes, as of the periods indicated: As of December 31, 2024 2023 (in millions) Federal net operating and capital loss carryforwards $ 23 $ 0 State net operating and capital loss carryforwards(1) $ 1,888 $ 1,670 Foreign net operating and capital loss carryforwards(2) $ 907 $ 356 Federal foreign tax credit carryforwards(3) $ 15 $ 18 __________ (1) Certain state net operating loss carryforwards expire between 2025 and 2044, whereas others have an unlimited carryforward. (2) $37 million expires between 2025 and 2041 and $870 million has an unlimited carryforward. (3) Expires between 2028 and 2033. These relate to foreign non-general basket tax credits.
Undistributed Earnings Of Foreign Subsidiaries Assuming Permanent Reinvestment	The following table sets forth the undistributed earnings of foreign subsidiaries, where the Company assumes indefinite reinvestment of such earnings and for which, in 2024, 2023, and 2022, foreign deferred withholding or other foreign income taxes have not been provided. The net tax liability that may arise if the 2024 earnings were remitted which includes any foreign exchange impacts, is immaterial. At December 31, 2024 2023 2022 (in millions) Undistributed earnings of foreign subsidiaries (assuming indefinite reinvestment only for Withholding or other non-U.S. Taxes) $ 351 $ 291 $ 238
Unrecognized Tax Benefits Reconciliation	The following table reconciles the total amount of unrecognized tax benefits at the beginning and end of the periods indicated: 2024 2023 2022 (in millions) Balance at January 1, $ 133 $ 84 $ 12 Increases in unrecognized tax benefits—prior years 4 13 81 (Decreases) in unrecognized tax benefits—prior years (5) 0 (1) Increases in unrecognized tax benefits—current year 0 36 0 (Decreases) in unrecognized tax benefits—current year 0 0 (8) Settlements with taxing authorities 0 0 0 Balance at December 31, $ 132 $ 133 $ 84 Unrecognized tax benefits that, if recognized, would favorably impact the effective rate $ 132 $ 133 $ 84
Amounts Recognized In Consolidated Financial Statements For Tax Related Interest And Penalties	The amounts recognized in the consolidated financial statements for tax-related interest and penalties for the years ended December 31 are as follows: 2024 2023 2022 (in millions) Interest and penalties recognized in the Consolidated Statements of Operations $ 10 $ 7 $ 8 2024 2023 (in millions) Interest and penalties recognized in liabilities in the Consolidated Statements of Financial Position $ 33 $ 22
Open Tax Years By Major Tax Jurisdictions	Listed below are the tax years that remain subject to examination, by major tax jurisdiction, as of December 31, 2024: Major Tax Jurisdiction Open Tax Years United States 2014-2024 Japan Fiscal years ended March 31, 2020-2024

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Short-term Debt	The table below presents the Company’s short-term debt at December 31, for the years indicated as follows: 2024 2023 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 496 510 Subtotal commercial paper 521 535 Current portion of long-term debt: Surplus Notes 347 0 Mortgage Debt 85 83 Surplus Notes subject to set-off arrangements(1) 0 2,000 Subtotal Current portion of long-term debt 432 2,083 Subtotal 953 2,618 Less: Assets under set-off arrangements(1) 0 2,000 Total short-term debt(2) $ 953 $ 618 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 310 $ 110 Daily average commercial paper outstanding for the quarter ended $ 1,823 $ 1,334 Weighted average maturity of outstanding commercial paper, in days 15 49 Weighted average interest rate on outstanding commercial paper 4.61 % 5.50 % __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes. (2) Includes Prudential Financial debt of $25 million at both December 31, 2024 and 2023.
Schedule of Line of Credit Facilities	As of December 31, 2024, the Company maintained syndicated, unsecured committed credit facilities as described below. Borrower Original Expiration Capacity Amount Outstanding (in millions) Prudential Financial and Prudential Funding 5 years Jul-29 $ 4,000 $ 0 Prudential Holdings of Japan, Inc. 5 years Sep-29 ¥ 100,000 ¥ 0
Schedule of Long-term Debt Instruments	Maturity Rate(1) December 31, 2024 2023 ($ in millions) Fixed-rate notes: Surplus Notes $ 0 $ 346 Surplus Notes subject to set-off arrangements(2) 2035-2049 3.66%-5.48% 14,748 9,790 Senior Notes 2026-2051 1.50%-6.63% 10,245 10,112 Mortgage Debt(3) 2029-2034 1.28%-1.72% 69 0 Floating-rate notes: Line of Credit 2027 6.42%-7.00% 255 255 Surplus Notes subject to set-off arrangements 0 580 Mortgage Debt(3) 2029-2031 0.73%-1.40% 31 75 Junior Subordinated Notes(4) 2045-2062 1.63%-6.75% 8,587 8,094 Subtotal 33,935 29,252 Less: Assets under set-off arrangements(5) 14,748 10,370 Total long-term debt(6) $ 19,187 $ 18,882 __________ (1) Ranges of interest rates are for the year ended December 31, 2024. (2) Amount includes $6.9 billion of surplus notes used to finance Guideline AXXX reserves for business reinsured to Somerset Re in March 2024. See Note 15 for additional information. (3) Includes $100 million and $27 million of debt denominated in foreign currency at December 31, 2024 and 2023, respectively. (4) Includes Prudential Financial debt of $8,548 million and subsidiary debt of $39 million denominated in foreign currency at December 31, 2024. (5) Assets under set-off arrangements represent a reduction in the amount of surplus notes included in long-term debt, resulting from an arrangement where valid rights of set-off exist and it is the intent of both parties to settle on a net basis under legally enforceable arrangements. These assets include available-for-sale securities that are reported at fair value. (6) Includes Prudential Financial debt of $18,793 million and $18,162 million at December 31, 2024 and 2023, respectively.
Schedule of Maturities of Long-term Debt	The following table presents the contractual maturities of the Company’s long-term debt as of December 31, 2024: Calendar Year 2026 2027 2028 2029 2030 and thereafter Total (in millions) Long-term debt $ 536 $ 287 $ 390 $ 95 $ 17,879 $ 19,187
Senior Notes	The table below presents the Company’s balances related to these issuances, as well as its mortgage debt balance, as of December 31 for the years indicated as follows: Facility Name Maturity Date Range 2024 Amount Outstanding 2023 Amount Outstanding (in millions) Medium-Term Notes 2026-2051 $ 8,382 $ 8,378 Senior Notes 2047-2049 1,493 1,484 InterNotes ® Retail Notes 2026-2045 370 249 Mortgage Debt(1) 2024-2034 185 158 Total $ 10,430 $ 10,269 __________ (1) Includes $85 million of notes from current portion of long-term debt as of December 31, 2024.
Surplus Notes with Set-Off Arrangements	Agreement Start Date Maturity Years Maximum Borrowing Capacity 2024 Amount Outstanding 2023 Amount Outstanding ($ in millions) Regulation XXX 2024 2044 $ 8,000 $ 7,560 $ 0 2014-2021 2024-2036 NA(1) 0 1,600 2014-2017 2024-2037 NA(1) 0 2,330 2018 2038 NA(1) 0 1,000 Guideline AXXX 2024(2) 2049 9,500 6,888 $ 0 2013 2033 NA(1) 0 3,500 2017 2037 NA(1) 0 1,540 2020 2032 NA(1) 0 2,100 Other Notes 2019 2035 4,000 300 300 Total $ 21,500 $ 14,748 $ 12,370 __________ (1) These notes were redeemed in 2024. (2) Amount includes $6.9 billion of surplus notes used to finance Guideline AXXX reserves for business reinsured to Somerset Re in March 2024. See Note 15 for additional information.
Junior Subordinated Notes	Prudential Financial’s junior subordinated notes outstanding are considered hybrid securities that receive enhanced equity treatment from the rating agencies. These notes outstanding, along with their key terms, are as follows: Issue Date Principal Initial Investor Optional Interest Rate Subsequent to Optional Redemption Date (1) Maturity Date ($ in millions) May-15 $ 1,000 5.38 % Institutional 5/15/2025 SOFR + 3.29% (2) 5/15/2045 Sep-17 $ 750 4.50 % Institutional 9/15/2027 SOFR + 2.64% (2) 9/15/2047 Aug-18 $ 565 5.63 % Retail 8/15/2023 5.63% 8/15/2058 Sep-18 $ 1,000 5.70 % Institutional 9/15/2028 SOFR + 2.93% (2) 9/15/2048 Aug-20 $ 500 4.13 % Retail 9/1/2025 4.13% 9/1/2060 Aug-20 $ 800 3.70 % Institutional 10/1/2030 US Treasury + 3.04% 10/1/2050 Feb-22 $ 1,000 5.13 % Institutional 2/28/2032 US Treasury + 3.16% 3/1/2052 Aug-22 $ 300 5.95 % Retail 9/1/2027 5.95% 9/1/2062 Aug-22 $ 1,200 6.00 % Institutional 9/1/2032 US Treasury + 3.23% 9/1/2052 Feb-23 $ 500 6.75 % Institutional 3/1/2033 US Treasury + 2.85% 3/1/2053 Mar-24 $ 1,000 6.50 % Institutional 3/15/2034 US Treasury + 2.40% 3/15/2054 __________ (1) Effective June 30, 2023, SOFR is the replacement reference rate for certain outstanding junior subordinated notes issued by the Company that previously used London Inter-Bank Offered Rate (“LIBOR”) as the reference rate. (2) The spread incorporates the contractual LIBOR-based spread and a 0.26% tenor spread adjustment.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Status of Employee Benefit Plans	The status of these plans as of December 31, 2024 and 2023 is summarized below: Pension Benefits Other Postretirement Benefits 2024 2023 2024 2023 (in millions) Change in benefit obligation Benefit obligation at the beginning of period $ (11,238) $ (11,099) $ (1,032) $ (1,348) Service cost (206) (204) (7) (9) Interest cost (539) (551) (51) (71) Plan participants’ contributions 0 0 (21) (24) Amendments 0 2 0 298 Actuarial gains (losses), net(1)(2) 360 (274) (29) (66) Settlements 62 22 0 0 Special termination benefits (1) (25) 0 (5) Benefits paid 823 827 113 193 Foreign currency changes and other 110 64 1 0 Benefit obligation at end of period $ (10,629) $ (11,238) $ (1,026) $ (1,032) Change in plan assets Plan assets at beginning of period $ 12,649 $ 12,519 $ 1,186 $ 1,191 Actual return on plan assets 366 788 88 155 Employer contributions 177 185 5 9 Plan participants’ contributions 0 0 21 24 Disbursement for settlements (62) (22) 0 0 Benefits paid (823) (827) (113) (193) Foreign currency changes and other (14) 6 0 0 Plan assets at end of period $ 12,293 $ 12,649 $ 1,187 $ 1,186 Funded status at end of period $ 1,664 $ 1,411 $ 161 $ 154 Amounts recognized in the Statements of Financial Position Prepaid benefit cost $ 3,451 $ 3,385 $ 232 $ 240 Accrued benefit liability (1,787) (1,974) (71) (86) Net amount recognized $ 1,664 $ 1,411 $ 161 $ 154 Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost: Prior service cost $ (1) $ (2) $ (278) $ (345) Net actuarial loss 2,924 2,797 218 209 Net amount not recognized $ 2,923 $ 2,795 $ (60) $ (136) Accumulated benefit obligation $ (9,925) $ (10,512) $ (1,026) $ (1,032) __________ (1) For 2024, actuarial gains for pension were primarily driven by an increase in the discount rate. For 2024, actuarial losses for other postretirement benefits were primarily driven by an increase in medical trend rate. (2) For 2023, actuarial losses for pension and other postretirement benefits were primarily driven by a decrease in the discount rate.
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	2024 2023 (in millions) Projected benefit obligation $ 1,787 $ 1,974 Fair value of plan assets $ 0 $ 0
Schedule of Net Benefit Costs	Net periodic (benefit) cost included in “General and administrative expenses” in the Company’s Consolidated Statements of Operations for the years ended December 31, includes the following components: Pension Benefits Other Postretirement 2024 2023 2022 2024 2023 2022 (in millions) Service cost $ 206 $ 204 $ 276 $ 7 $ 9 $ 13 Interest cost 539 551 431 51 71 56 Expected return on plan assets (953) (926) (866) (76) (86) (102) Amortization of prior service cost (1) (1) (1) (67) (7) (8) Amortization of actuarial (gain) loss, net 90 69 160 8 10 6 Settlements 1 3 2 0 0 0 Curtailments(1) 0 0 0 0 0 (7) Special termination benefits(2)(3)(4) 1 25 4 0 5 4 Net periodic (benefit) cost $ (117) $ (75) $ 6 $ (77) $ 2 $ (38) __________ (1) For 2022, curtailments were recognized as a result of the sale of the Full Service Retirement business for other postretirement benefit plans. (2) For 2024, 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. (3) For 2023, 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 Company’s organizational restructuring. (4) 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.
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets	2024 2023 (in millions) Accumulated benefit obligation $ 1,625 $ 1,795 Fair value of plan assets $ 0 $ 0
Schedule of Changes in Accumulated Other Comprehensive Income	The amounts recorded in AOCI as of the end of the period, which have not yet been recognized as a component of net periodic (benefit) cost, and the related changes in these items during the period that are recognized in “Other comprehensive income (loss)” are as follows: Pension Benefits Other Postretirement Prior Net Prior Net (in millions) Balance, December 31, 2021 $ (5) $ 3,131 $ (69) $ 211 Amortization for the period 1 (160) 8 (6) Deferrals for the period(1) 1 (431) 0 20 Impact of foreign currency changes and other 1 (74) 7 (3) Balance, December 31, 2022 (2) 2,466 (54) 222 Amortization for the period 1 (69) 7 (10) Deferrals for the period(2) (2) 411 (298) (3) Impact of foreign currency changes and other 1 (11) 0 0 Balance, December 31, 2023 (2) 2,797 (345) 209 Amortization for the period 1 (90) 67 (8) Deferrals for the period(3) 0 227 0 17 Impact of foreign currency changes and other 0 (10) 0 0 Balance, December 31, 2024 $ (1) $ 2,924 $ (278) $ 218 __________ (1) For 2022, deferred gains for pension were driven by an increase in discount rate offset partially by unfavorable asset performance. Deferred losses for other postretirement benefits were driven by unfavorable asset performance partially offset by an increase in discount rate. (2) For 2023, deferred losses for pension were driven by a decrease in discount rate and unfavorable asset performance. Deferred gains for other postretirement benefits were driven by a change to the Retiree Medical Plan, decrease in discount rate and favorable asset performance. (3) For 2024, deferred losses for pension were driven by unfavorable asset performance offset by an increase in discount rate. Deferred losses for other postretirement benefits were driven by an increase in medical trend experience offset by an increase in discount rate and favorable asset performance.
Schedule of Assumptions Used	The Company’s assumptions related to the calculation of the domestic benefit obligation (end of period) and the determination of net periodic (benefit) cost (beginning of period) are presented in the table below: Pension Benefits Other Postretirement Benefits 2024 2023 2022 2024 2023 2022 Weighted average assumptions Discount rate (beginning of period) 5.30 % 5.45 % 2.85 % 5.20 % 5.55 % 2.75 % Discount rate (end of period) 5.85 % 5.30 % 5.45 % 5.70 % 5.20 % 5.55 % Rate of increase in compensation levels (beginning of period) 6.25 % 4.50 % 4.50 % N/A N/A N/A Rate of increase in compensation levels (end of period) 6.25 % 6.25 % 4.50 % N/A N/A N/A Expected return on plan assets (beginning of period) 7.50 % 7.50 % 6.00 % 6.75 % 7.75 % 7.00 % Interest crediting rate (beginning of period) 4.95 % 4.25 % 4.25 % N/A N/A N/A Interest crediting rate (end of period) 4.35 % 4.95 % 4.25 % N/A N/A N/A Health care cost trend rates (beginning of period) N/A N/A N/A 7.35 % 6.50 % 6.00 % Health care cost trend rates (end of period) N/A N/A N/A 7.90 % 7.35 % 6.50 % For 2024, 2023 and 2022, the ultimate health care cost trend rate after gradual decrease until: 2034, 2030, 2028, (beginning of period) N/A N/A N/A 4.75 % 4.75 % 4.50 % For 2024, 2023 and 2022, the ultimate health care cost trend rate after gradual decrease until: 2035, 2034, 2030 (end of period) N/A N/A N/A 4.75 % 4.75 % 4.75 %
Schedule of Plans Assets-Fair Value and Allocation % (Target/Actual)	Asset allocation targets as of December 31, 2024 are as follows: Pension Postretirement Minimum Maximum Minimum Maximum Asset Category U.S. Equities 0 % 3 % 10 % 30 % International Equities 0 % 11 % 3 % 20 % Fixed Maturities 52 % 71 % 6 % 76 % Short-term Investments 0 % 11 % 0 % 24 % Real Estate 3 % 18 % 0 % 0 % Other 8 % 40 % 0 % 0 % Postretirement plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2024 As of December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Equities: U.S. equities $ 0 $ 38 $ 0 $ 38 $ 0 $ 30 $ 0 $ 30 International equities 0 10 0 10 0 9 0 9 Subtotal equities 0 48 0 48 0 39 0 39 Fixed maturities: Equities 0 2 0 2 0 8 0 8 Subtotal fixed maturities 0 2 0 2 0 8 0 8 Short-term investments: Registered investment companies 46 0 0 46 40 0 0 40 Net assets in the fair value hierarchy $ 46 $ 50 $ 0 $ 96 $ 40 $ 47 $ 0 $ 87 Investments Measured at Net Asset Value, as a Practical Expedient(1): Common/collective trusts $ 148 $ 162 Net assets at fair value 244 249 Variable Life Insurance Policies at contract value 943 937 Total net assets $ 1,187 $ 1,186 __________ (1) The postretirement plan excludes from the fair value hierarchy investments that are measured at NAV per share (or its equivalent) as a practical expedient to estimate fair value and Variable Life Insurance Policies valued at contract value. U.S. equities totaled $192 million and $351 million at December 31, 2024 and 2023, respectively. International equities totaled $99 million and $88 million at December 31, 2024 and 2023, respectively. Fixed maturities totaled $652 million and $660 million at December 31, 2024 and 2023, respectively. (2) There were no changes in the fair value of Level 3 postretirement assets from December 31, 2023 through December 31, 2024.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets	Fixed Maturities Real Other Corporate Bonds Other Partnerships Partnerships Hedge Fund (in millions) Fair Value, January 1, 2023 $ 0 $ 65 $ 1,004 $ 1,713 $ 1,455 Actual return on assets: Relating to assets still held at the reporting date 0 0 (57) 197 121 Relating to assets sold during the period 0 0 0 0 0 Purchases 12 0 (5) 232 (81) Sales (3) 0 0 0 0 Issuances 0 82 0 0 0 Settlements 0 (65) 0 0 0 Transfers in and/or out of Level 3 0 0 0 0 0 Fair Value, December 31, 2023 $ 9 $ 82 $ 942 $ 2,142 $ 1,495 Actual return on assets: Relating to assets still held at the reporting date 0 0 (95) 219 158 Relating to assets sold during the period 0 0 0 0 0 Purchases 0 0 (18) 76 32 Sales (3) 0 (59) 0 0 Issuances 0 29 0 0 0 Settlements 0 (82) 0 0 0 Transfers in and/or out of Level 3 0 0 0 0 0 Fair Value, December 31, 2024 $ 6 $ 29 $ 770 $ 2,437 $ 1,685
Schedule of Expected Benefit Payments	The expected benefit payments for the Company’s pension and postretirement plans for the years indicated are as follows: Pension Benefit Other (in millions) 2025 $ 1,148 $ 127 2026 850 127 2027 882 123 2028 892 112 2029 927 105 2030-2034 4,532 402 Total $ 9,231 $ 996

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2021 666.3 290.0 376.3 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 14.5 (14.5) Stock-based compensation programs(1) 0.0 (4.2) 4.2 Balance, December 31, 2022 666.3 300.3 366.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 10.9 (10.9) Stock-based compensation programs(1) 0.0 (4.1) 4.1 Balance, December 31, 2023 666.3 307.1 359.2 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 8.6 (8.6) Stock-based compensation programs(1) 0.0 (4.0) 4.0 Balance, December 31, 2024 666.3 311.7 354.6 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.
Share Repurchases Authorizations	The following table summarizes share repurchases for each of the past three years as well as the share repurchase authorization for 2025, which was approved by the Board of Directors in December 2024: January 1, 2025 - December 31, 2025 January 1, 2024 - December 31, 2024 January 1, 2023 - December 31, 2023 January 1, 2022 - December 31, 2022 Total Board authorized share repurchase amount ($ in billions) $ 1.0 $ 1.0 $ 1.0 $ 1.5 Total number of shares repurchased under this authorization as of the period end (in millions) N/A* 8.6 10.9 14.5 __________ * Share repurchase authorization for a future period.
Dividends Declared	Dividends declared per share of Common Stock are as follows for the years indicated: 2024 2023 2022 Dividends declared per share of Common Stock $ 5.20 $ 5.00 $ 4.80
Components of Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the years ended December 31, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (Losses) from Changes in Nonperformance 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 (1,145) (56,430) 63,643 938 478 7,484 Amounts reclassified from AOCI 15 586 0 0 157 758 Income tax benefit (expense) (37) 13,010 (15,181) (197) (150) (2,555) Balance, December 31, 2022 $ (2,274) $ (16,194) $ 15,242 $ 1,448 $ (2,028) $ (3,806) Change in OCI before reclassifications (246) 5,076 (8,770) (693) (98) (4,731) Amounts reclassified from AOCI (18) 1,143 0 0 71 1,196 Income tax benefit (expense) (148) (1,238) 2,075 145 3 837 Balance, December 31, 2023 $ (2,686) $ (11,213) $ 8,547 $ 900 $ (2,052) $ (6,504) Change in OCI before reclassifications (811) (12,822) 11,804 (466) (234) (2,529) Amounts reclassified from AOCI (41) 2,697 0 0 30 2,686 Income tax benefit (expense) (77) 2,651 (3,045) 98 9 (364) Balance, December 31, 2024 $ (3,615) $ (18,687) $ 17,306 $ 532 $ (2,247) $ (6,711) __________ (1)
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Years Ended December 31, Affected line item in Consolidated 2024 2023 2022 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustment $ 41 $ 18 $ (15) Realized investment gains (losses), net Foreign currency translation adjustment 0 0 0 Other income (loss) Total foreign currency translation adjustment 41 18 (15) Net unrealized investment gains (losses): Cash flow hedges—Interest Rate (30) (38) (7) (3) Cash flow hedges—Currency 3 14 15 (3) Cash flow hedges—Currency/Interest rate 612 200 897 (3) Fair value hedges—Currency (10) (8) (4) (3) Net unrealized investment gains (losses) on available-for-sale securities (3,272) (1,311) (1,487) Realized investment gains (losses), net Total net unrealized investment gains (losses) (2,697) (1,143) (586) (4) Amortization of defined benefit items: Prior service cost 68 8 9 (5) Actuarial gain (loss) (98) (79) (166) (5) Total amortization of defined benefit items (30) (71) (157) Total reclassifications for the period $ (2,686) $ (1,196) $ (758) __________ (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 future policy benefits and policyholders’ dividends. (5) See Note 19 for information regarding employee benefit plans.
OTTI, Allowance and All Other Net Unrealized Investment Gain Loss AOCI Rollforward	Net Unrealized Net Unrealized Gains (Losses) on All Other Investments(1) Reinsurance Recoverables Future Policy Policyholders' Dividends Income Tax Benefit (Expense) AOCI Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2021 $ 23 $ 40,415 $ 417 $ (1,921) $ (3,657) $ (8,637) $ 26,640 Net investment gains (losses) on investments arising during the period (90) (65,938) 15,164 (50,864) Reclassification adjustment for (gains) losses included in net income 23 563 (135) 451 Reclassification due to allowance for credit losses recorded during the period (1) 1 0 0 Impact of net unrealized investment (gains) losses (1,120) 3,867 6,851 (2,019) 7,579 Balance, December 31, 2022 $ (45) $ (24,959) $ (703) $ 1,946 $ 3,194 $ 4,373 $ (16,194) Net investment gains (losses) on investments arising during the period 15 6,595 (1,327) 5,283 Reclassification adjustment for (gains) losses included in net income (3) 1,146 (229) 914 Reclassification due to allowance for credit losses recorded during the period (39) 39 0 0 Impact of net unrealized investment (gains) losses 219 (640) (1,113) 318 (1,216) Balance, December 31, 2023 $ (72) $ (17,179) $ (484) $ 1,306 $ 2,081 $ 3,135 $ (11,213) Net investment gains (losses) on investments arising during the period (24) (12,703) 3,339 (9,388) Reclassification adjustment for (gains) losses included in net income 97 2,600 (708) 1,989 Reclassification due to allowance for credit losses recorded during the period 5 (5) 0 0 Impact of net unrealized investment (gains) losses 215 (325) 15 20 (75) Balance, December 31, 2024 $ 6 $ (27,287) $ (269) $ 981 $ 2,096 $ 5,786 $ (18,687) __________ (1)
Statutory Financial Information	The following table summarizes certain statutory financial information for the Company’s U.S. insurance subsidiary as of and for the years ended: PICA December 31, 2024 December 31, 2023 December 31, 2022 (in millions) Statutory net income (loss) $ 1,245 $ 1,732 $ 1,116 Statutory capital and surplus $ 15,753 $ 16,085 $ 14,049

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
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 years ended December 31, is as follows: 2024 2023 2022 Income Weighted Per Share Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 2,846 $ 2,508 $ (1,675) Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 119 20 (28) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 32 29 25 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 2,695 357.5 $ 7.54 $ 2,459 363.5 $ 6.76 $ (1,672) 372.3 $ (4.49) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 32 $ 29 $ 25 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 32 29 25 Stock options 0.3 0.2 0.0 Deferred and long-term compensation programs 1.5 0.9 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 2,695 359.3 $ 7.50 $ 2,459 364.6 $ 6.74 $ (1,672) 372.3 $ (4.49) __________ (1) For the year ended December 31, 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 year ended December 31, 2022, all potential stock options and compensation programs were considered antidilutive.
Earnings Per Share Computation	For the years ended December 31, 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: 2024 2023 2022 Shares Exercise Shares Exercise Shares Exercise (in millions, except per share amounts, based on Antidilutive stock options based on application of the treasury stock method 0.1 $ 110.42 1.2 $ 102.63 0.5 $ 108.19 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.0 0.4 Antidilutive shares based on application of the treasury stock method 0.0 0.1 0.1 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 2.0 Total antidilutive stock options and shares 0.1 1.3 3.0

Share-Based Payments (Tables)

Share-Based Payments (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following table summarizes the compensation cost recognized and the related income tax benefit for stock options, restricted stock units, performance shares and performance units for the years ended December 31: 2024 2023 2022 Omnibus Incentive Plan: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 0 $ 0 $ 0 $ 0 $ 1 $ 0 Employee restricted stock units 200 47 200 47 189 44 Employee performance shares and performance units 114 27 54 12 18 4 Total $ 314 $ 74 $ 254 $ 59 $ 208 $ 48 __________ (1) Compensation costs related to retirement eligible participants are recorded on the grant date (typically in the first quarter of every year). On January 10, 2024, the Board of Directors of Prudential Financial, Inc. adopted certain modifications to the terms and conditions of performance shares granted in 2021, 2022, and 2023. These modifications 1) mitigate the impact of outsized interest rate volatility, both positive and negative, as it relates to achieving adjusted book value per share growth goals, and 2) reduce certain book value per share goals and maximum payout opportunities. The impact from these modifications increased shares to be delivered to 161 employees across all three performance plans by a total of approximately 600,000 shares. In addition, total compensation costs resulting from these modifications increased by approximately $62 million. 2024 2023 2022 Assurance IQ Acquisition: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 0 $ 0 $ 2 $ 1 $ 10 $ 2 Employee restricted stock units 0 0 1 0 2 1 Employee performance shares 0 0 0 0 0 0 Total $ 0 $ 0 $ 3 $ 1 $ 12 $ 3
Schedule of Share Based Compensation Stock Options Activity	A summary of the status of the Company’s stock option grants is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Shares Weighted Average Shares Weighted Average Outstanding at December 31, 2023 1,700,332 $ 95.22 18,358 $ 1.53 Granted 0 0.00 0 0.00 Exercised (1,037,398) 94.74 (15,949) 1.64 Forfeited 0 0.00 0 0.00 Expired (1,039) 84.53 (238) 7.56 Outstanding at December 31, 2024 661,895 $ 96.00 2,171 $ 0.09 Exercisable at December 31, 2024 661,895 $ 96.00 2,171 $ 0.09 The weighted average remaining contractual term and the aggregate intrinsic value of stock options outstanding and exercisable as of December 31, 2024 is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Weighted Average Aggregate Weighted Average Aggregate (in years) (in millions) (in years) (in millions) Outstanding 3.28 years $ 15 0.25 years $ 0 Exercisable 3.28 years $ 15 0.25 years $ 0
Schedule of Nonvested Share Activity	A summary of the Company’s restricted stock unit and performance share awards under the Omnibus Incentive Plan is as follows: Restricted Weighted Performance Share Awards(1) Weighted Restricted at December 31, 2023 4,058,190 $ 103.48 2,102,693 $ 103.72 Granted 2,146,030 102.66 709,411 97.67 Forfeited (276,716) 105.56 (72,428) 105.88 Performance adjustment(2) 0 0.00 (40,560) 103.71 Released (2,008,167) 100.26 (775,967) 103.48 Restricted at December 31, 2024 3,919,337 $ 104.53 1,923,149 $ 101.50 __________ (1) Performance share awards reflect the target units awarded, reduced for forfeitures and releases to date. The actual number of units to be awarded at the end of each performance period will range between 0% and 150% of the target number of units granted, based upon a measure of the reported performance for the Company relative to stated goals. Performance awards granted to senior management in 2021 include a stated goal related to diversity & inclusion that can modify the performance result by +/- 10%. (2) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company.
Share-Based Payments	A summary of the Company’s restricted stock unit awards related to the AIQ acquisition is as follows: Restricted Weighted Restricted at December 31, 2023 4,101 $ 87.67 Granted 0 0.00 Forfeited (485) 87.67 Released (3,616) 87.67 Restricted at December 31, 2024 0 $ 0.00

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth the significant components of “Realized investment gains (losses), net” that are included in adjusted operating income and, as a result, are reflected as adjustments to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2024 2023 2022 (in millions) Net gains (losses) from(1): Terminated hedges of foreign currency earnings $ (11) $ (32) $ 22 Current period yield adjustments $ 216 $ 467 $ 515 Principal source of earnings $ 50 $ 1 $ 245 __________ (1) In addition to the items in the table above, “Realized investment gains (losses), net, and related charges and adjustments” also includes an adjustment to reflect “Realized investment gains (losses), net” related to Divested and Run-off Businesses. See “Divested and Run-off Businesses” discussed below. The following table sets forth certain other items excluded from adjusted operating income and reflected as an adjustment to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2024 2023 2022 (in millions) Net gains (losses) from: Investments carried at fair value through net income $ (337) $ 754 $ (1,562) Foreign currency exchange movements $ (76) $ (123) $ 286 Other activities(1) $ (1) $ (10) $ (33) __________ (1) Prior period amounts have been updated to conform to current period presentation.
Schedule of Segment Reporting Information, by Segment	Reconciliation of select financial information The tables below present certain financial information that is regularly provided to the CODM for the Company’s segments, including revenues and significant benefits and expenses, on an adjusted operating income basis, as well as assets by segment, and the reconciliation of the segment totals to amounts reported in the Consolidated Financial Statements. Year Ended December 31, 2024 Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment Net Total Revenues Policyholders’ Interest Interest Amortization General and Administrative Expenses(5) Other Benefits and Expenses(6) Total Benefits and Expenses Total Revenue Less Total Benefits and Expenses (in millions) PGIM $ 15 $ 4,092 $ 0 $ 0 $ 105 $ 2 $ 3,110 $ 0 $ 3,217 $ 875 U.S. Businesses: Institutional Retirement Strategies 4,674 28,195 25,752 664 31 11 257 (376) 26,339 1,856 Individual Retirement Strategies(1) 2,110 5,125 141 1,039 84 394 1,696 8 3,362 1,763 Retirement Strategies(1)(2) 6,784 33,320 25,893 1,703 115 405 1,953 (368) 29,701 3,619 Group Insurance 530 6,427 4,801 149 11 6 1,146 0 6,113 314 Individual Life(2) 3,089 6,195 3,095 803 1,113 442 815 132 6,400 (205) Total U.S. Businesses 10,403 45,942 33,789 2,655 1,239 853 3,914 (236) 42,214 3,728 International Businesses: Life Planner 2,508 9,352 5,605 288 (9) 320 1,044 234 7,482 1,870 Gibraltar Life and Other 3,215 8,573 4,643 922 7 326 1,272 167 7,337 1,236 Total International Businesses 5,723 17,925 10,248 1,210 (2) 646 2,316 401 14,819 3,106 Corporate and Other(3) 1,234 94 (19) 84 677 (56) 1,191 0 1,877 (1,783) Total segment adjusted operating income before income taxes(1) 17,375 68,053 44,018 3,949 2,019 1,445 10,531 165 62,127 5,926 Reconciling items: Realized investment gains (losses), net, and related charges and adjustments(1)(4) (17) (1,741) (3) 347 0 32 0 33 409 (2,150) Change in value of market risk benefits, net of related hedging gains (losses) 0 (397) 0 0 0 0 0 0 0 (397) Market experience updates 0 (88) (3) 0 0 0 0 (33) (36) (52) Divested and Run-off Businesses: Closed Block division 2,048 3,287 2,342 117 (2) 12 290 641 3,400 (113) Other Divested and Run-off Businesses 503 1,426 765 169 13 3 591 (145) 1,396 30 Equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests 0 (135) 0 0 0 0 (119) 0 (119) (16) Other adjustments 0 0 0 0 0 0 19 0 19 (19) Consolidated income (loss) before income taxes and equity in earnings of joint ventures and other operating entities $ 19,909 $ 70,405 $ 47,119 $ 4,582 $ 2,030 $ 1,492 $ 11,312 $ 661 $ 67,196 $ 3,209 Year Ended Year Ended December 31, 2023 Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment Net Total Revenues Policyholders’ Interest Interest Amortization General and Administrative Expenses(5) Other Benefits and Expenses(6) Total Benefits and Expenses Total Revenue Less Total Benefits and Expenses (in millions) PGIM $ 268 $ 3,638 $ 0 $ 0 $ 113 $ 2 $ 2,810 $ 0 $ 2,925 $ 713 U.S. Businesses: Institutional Retirement Strategies 4,180 11,030 8,759 552 1 16 208 (201) 9,335 1,695 Individual Retirement Strategies(1)(7) 1,454 4,532 134 560 72 349 1,591 8 2,714 1,818 Retirement Strategies(1)(2)(7) 5,634 15,562 8,893 1,112 73 365 1,799 (193) 12,049 3,513 Group Insurance 512 6,285 4,703 166 8 9 1,080 0 5,966 319 Individual Life(2) 2,860 6,274 3,295 912 898 456 694 114 6,369 (95) Total U.S. Businesses 9,006 28,121 16,891 2,190 979 830 3,573 (79) 24,384 3,737 International Businesses: Life Planner 2,351 9,596 5,841 243 (3) 306 1,104 105 7,596 2,000 Gibraltar Life and Other 2,938 9,086 5,216 700 26 316 1,361 284 7,903 1,183 Total International Businesses 5,289 18,682 11,057 943 23 622 2,465 389 15,499 3,183 Corporate and Other(3) 730 49 (11) 113 639 (37) 1,379 0 2,083 (2,034) Total segment adjusted operating income before income taxes(1) 15,293 50,490 27,937 3,246 1,754 1,417 10,227 310 44,891 5,599 Reconciling items: Realized investment gains (losses), net, and related charges and adjustments(1)(4)(7) (18) (2,103) (105) 431 0 29 0 52 407 (2,510) Change in value of market risk benefits, net of related hedging gains (losses) 0 56 0 0 0 0 0 0 0 56 Market experience updates 0 67 (2) 0 0 0 0 (41) (43) 110 Divested and Run-off Businesses: Closed Block division 1,959 3,666 2,354 118 0 13 273 1,008 3,766 (100) Other Divested and Run-off Businesses(5)(7) 631 1,888 747 188 9 0 669 254 1,867 21 Equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests 0 (85) 0 0 0 0 (17) 0 (17) (68) Other adjustments 0 0 0 0 0 0 36 0 36 (36) Consolidated income (loss) before income taxes and equity in earnings of joint ventures and other operating entities $ 17,865 $ 53,979 $ 30,931 $ 3,983 $ 1,763 $ 1,459 $ 11,188 $ 1,583 $ 50,907 $ 3,072 Year Ended Year Ended December 31, 2022 Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment Net Total Revenues Policyholders’ Interest Interest Amortization General and Administrative Expenses(5) Other Benefits and Expenses(6) Total Benefits and Expenses Total Revenue Less Total Benefits and Expenses (in millions) PGIM $ 94 $ 3,622 $ 0 $ 0 $ 57 $ 3 $ 2,719 $ 0 $ 2,779 $ 843 U.S. Businesses: 0 Institutional Retirement Strategies 3,653 19,116 17,476 394 15 11 207 (534) 17,569 1,547 Individual Retirement Strategies(1)(7) 918 5,470 149 314 (55) 362 1,708 10 2,488 2,982 Retirement Strategies(1)(2)(7) 4,571 24,586 17,625 708 (40) 373 1,915 (524) 20,057 4,529 Group Insurance 479 6,115 4,914 153 4 2 1,058 0 6,131 (16) Individual Life(2) 2,467 5,786 3,290 926 810 446 738 1,378 7,588 (1,802) Total U.S. Businesses 7,517 36,487 25,829 1,787 774 821 3,711 854 33,776 2,711 International Businesses: Life Planner 2,119 9,541 5,992 183 18 296 1,101 7 7,597 1,944 Gibraltar Life and Other 2,847 9,470 5,735 555 17 300 1,431 171 8,209 1,261 Total International Businesses 4,966 19,011 11,727 738 35 596 2,532 178 15,806 3,205 Corporate and Other(3) 605 (84) 0 137 712 (39) 667 0 1,477 (1,561) Total segment adjusted operating income before income taxes(1) 13,182 59,036 37,556 2,662 1,578 1,381 9,629 1,032 53,838 5,198 Reconciling items: Realized investment gains (losses), net, and related charges and adjustments(1)(4)(7) (23) (6,083) 207 (156) 0 37 0 154 242 (6,325) Change in value of market risk benefits, net of related hedging gains (losses) 0 (443) 0 0 0 0 0 0 0 (443) Market experience updates 0 161 (6) 0 0 0 0 (475) (481) 642 Divested and Run-off Businesses: Closed Block division 1,976 2,958 2,428 121 9 14 289 115 2,976 (18) Other Divested and Run-off Businesses(5)(7) 902 1,250 631 (434) 10 1 1,000 929 2,137 (887) Equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests 0 2 0 0 0 0 38 0 38 (36) Other adjustments 0 0 0 0 0 0 23 0 23 (23) Consolidated income (loss) before income taxes and equity in earnings of joint ventures and other operating entities $ 16,037 $ 56,881 $ 40,816 $ 2,193 $ 1,597 $ 1,433 $ 10,979 $ 1,755 $ 58,773 $ (1,892) __________ (1) The amount for 2023 reflects the correction of an error related to indexed variable and fixed annuity products within the Individual Retirement Strategies segment. See “—Adjusted Operating Income” above for additional information. (2) 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. (3) Corporate and Other operations, through Prudential Advisors, generates fee revenues from the sale and distribution of certain insurance, annuity and investment products offered by Prudential and third parties. (4) As a result of the adoption of ASU 2018-12, “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. Amounts above reflect amortization of historical DAC balances related to realized investment gains (losses) prior to the adoption of the ASU. (5) “General and administrative expenses” includes amounts related to salaries, employee benefits, occupancy, technology, consulting, external and contracted services, legal, corporate charges, costs for initiatives, and other miscellaneous expenses, as well as variable expenses such as commissions, net of deferrals, and other fees related to sales of certain insurance and investment products. (6) “Other benefits and expenses” primarily includes: (i) the change in estimates of liability for future policy benefits, which can be either positive or negative, for Retirement Strategies, Individual Life and International Businesses; (ii) dividends to policyholders for Individual Life and International Businesses, which are included in adjusted operating income; and (iii) dividends to policyholders in the Closed Block Division and goodwill impairments for Other Divested and Run-off Businesses related to AIQ, which are not included in adjusted operating income. (7) Prior period amounts have been updated to conform to current period presentation. As of December 31, 2024 2023 (in millions) Assets by segment: PGIM(1) $ 36,044 $ 42,153 U.S. Businesses: Institutional Retirement Strategies 126,842 111,308 Individual Retirement Strategies 150,151 139,934 Retirement Strategies 276,993 251,242 Group Insurance 39,340 39,214 Individual Life 122,590 116,449 Total U.S. Businesses 438,923 406,905 International Businesses: Life Planner 76,089 81,164 Gibraltar Life and Other 103,949 110,060 Total International Businesses 180,038 191,224 Corporate and Other 31,767 29,842 Closed Block division 48,815 51,088 Total assets per Consolidated Statements of Financial Position $ 735,587 $ 721,212 __________ (1) Prior period amounts have been updated to conform to current period presentation.
Schedule Of Revenues From Domestic And Foreign Operations	Revenues, calculated in accordance with U.S. GAAP, for the years ended December 31, include the following by geographic location that are 10 percent or more of the Company’s total consolidated revenue: 2024 2023 2022 (in millions) United States $ 48,568 $ 31,031 $ 36,826 Japan 13,760 15,538 14,599 Other countries 8,077 7,410 5,456 Total PFI consolidated revenue $ 70,405 $ 53,979 $ 56,881
Schedule Of Intersegment Revenues	The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, for the years ended December 31, as follows: 2024 2023 2022 (in millions) PGIM segment intersegment revenues $ 837 $ 796 $ 822
Schedule of Asset Mgmt and Service Fees	The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: 2024 2023 2022 (in millions) Asset-based management fees $ 3,386 $ 3,169 $ 3,434 Performance-based incentive fees 198 45 84 Other fees 506 503 544 Total asset management and service fees $ 4,090 $ 3,717 $ 4,062

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The related party balances with Prismic and Prismic Re impacted the Company’s balance sheet as of the periods indicated as follows: December 31, 2024 December 31, 2023 (in millions) Reinsurance recoverables and deposit receivables $ 9,084 $ 9,752 Other assets $ 187 $ 132 Reinsurance and funds withheld payables (includes $(91) and $508 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively) $ 7,796 $ 8,544 Accumulated other comprehensive income (loss) $ (139) $ 335 The related party activity with Prismic and Prismic Re impacted the Company’s results of operations and cash flows for the periods indicated as follows: Years Ended December 31, 2024 2023 (in millions) Premiums $ 6 $ (4,811) Asset management and service fees 38 10 Other income 150 52 Realized investment gains(losses), net 255 (491) Policyholders’ benefits (281) (4,915) Change in estimates of liability for future policy benefits 7 5 General and administrative expenses 48 3 Income (loss) from related parties, before income taxes 675 (333) Other comprehensive income (loss), before tax (473) 335 Total comprehensive income (loss), before tax $ 202 $ 2 Years Ended December 31, 2024 2023 (in millions) CASH FLOWS FROM OPERATING ACTIVITIES Adjustments to reconcile net income (loss) to net cash provided by operating activities: Realized investment (gains) losses, net $ (255) $ 491 Change in: Reinsurance related-balances $ (743) $ (235) Other, net $ 16 $ 29 CASH FLOWS FROM FINANCING ACTIVITIES Other, net $ 374 $ 3

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
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: December 31, 2024 December 31, 2023 Amount % of Amount % of ($ in millions) Commercial mortgage and agricultural property loans by property type: Office $ 7,867 12.7 % $ 8,402 14.2 % Retail 5,552 9.0 5,384 9.1 Apartments/Multi-Family 17,522 28.3 16,555 28.0 Industrial 16,900 27.3 15,263 25.8 Hospitality 1,831 3.0 2,086 3.5 Other 4,386 7.1 4,069 6.9 Total commercial mortgage loans 54,058 87.4 51,759 87.5 Agricultural property loans 7,775 12.6 7,426 12.5 Total commercial mortgage and agricultural property loans 61,833 100.0 % 59,185 100.0 % Allowance for credit losses (528) (459) Total net commercial mortgage and agricultural property loans 61,305 58,726 Other loans: Uncollateralized loans 595 425 Residential property loans 19 30 Other collateralized loans 468 125 Total other loans 1,082 580 Allowance for credit losses (46) (1) Total net other loans 1,036 579 Total net commercial mortgage and other loans(1) $ 62,341 $ 59,305 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of December 31, 2024 and 2023, the net carrying value of these loans was $702 million and $519 million, respectively. Commercial Mortgage Loan Commitments As of December 31, 2024 2023 (in millions) Total outstanding mortgage loan commitments $ 2,552 $ 1,798 Portion of commitment where prearrangement to sell to investor exists $ 578 $ 366 Indemnification of Serviced Mortgage Loans As of December 31, 2024 2023 (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 3,272 $ 3,102 First-loss exposure portion of above $ 942 $ 898 Accrued liability associated with guarantees(1) $ 25 $ 28 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $12 million and $14 million as of December 31, 2024 and 2023, respectively. The change in allowance is a reduction of $2 million and $3 million
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)	Commitments to Purchase Investments (excluding Commercial Mortgage Loans) As of December 31, 2024 2023 (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 11,664 $ 10,675 Expected to be funded from separate accounts $ 0 $ 39
Indemnification of Securities Lending and Securities Repurchase Transactions	Indemnification of Securities Lending and Securities Repurchase Transactions As of December 31, 2024 2023 (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,015 $ 5,409 Fair value of related collateral associated with above indemnifications(1) $ 5,119 $ 5,528 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) Includes $240 million and $0 million related to securities repurchase transactions as of December 31, 2024 and December 31, 2023, respectively.
Guarantees	Guarantees of Asset Values As of December 31, 2024 2023 (in millions) Guaranteed value of third parties’ assets $ 76,416 $ 78,009 Fair value of collateral supporting these assets $ 71,423 $ 73,186 Asset (liability) associated with guarantee, carried at fair value $ (1) $ (2) Other Guarantees As of December 31, 2024 2023 (in millions) Other guarantees where amount can be determined $ 289 $ 36 Accrued liability for other guarantees and indemnifications $ 32 $ 32
Insolvency Assessment	Assets and liabilities held for insolvency assessments were as follows: As of December 31, 2024 2023 (in millions) Other assets: Premium tax offset for future undiscounted assessments $ 25 $ 35 Premium tax offset currently available for paid assessments 62 2 Total $ 87 $ 37 Other liabilities: Insolvency assessments $ 29 $ 29

Business and Basis of Present_2

Business and Basis of Presentation (Dispositions Narratives) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Apr. 01, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures		$ 3,209	$ 3,072	$ (1,892)
Other Income	[1]	3,037	4,065	608
Fixed Maturities, AFS, allowance for credit losses		331	160
Other Guarantees
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accrued Liability associated with guarantee		$ 32	32
Individual Annuities PALAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net pre-tax gain on sale				1,448
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
Equity Method Investment, Deferred Gain on Sale				400
Held-for-sale | Individual Annuities 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 | Individual Annuities PALAC | Variable Annuity
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]
Income (loss) before income taxes and equity in earnings of operating joint ventures			(220)
Other Income				850
Net pre-tax gain on sale				650
Gain (Loss) on Investments				$ 150
Equity Method Investment, Deferred Gain on Sale			$ 400
[1] See Note 24 for additional information regarding related party transactions.

Business and Basis of Present_3

Business and Basis of Presentation (Held-For-Sale Table) (Details) - USD ($) $ in Millions		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities, available-for-sale, at fair value		$ 341,004		$ 334,598
Fixed Maturities, Trading, amortized cost		13,631		10,624
Assets supporting experience-rated contractholder liabilities, at fair value		3,707		3,168
Equity Securities	[1]	9,417		8,242
Commercial mortgage and other loans	[1]	62,341		59,305
Policy loans		9,795		10,047
Other invested assets	[1]	26,351		22,855
Cash and cash equivalents		18,497	[1]	19,419	[1]	$ 17,251
Accrued investment income	[1]	3,441		3,287
Balance, BOP		20,448		20,856		20,546
Value of business acquired		435		530
Other assets	[1],[2]	13,737		13,268	[3]
Separate account assets		193,372		198,888
Future policy benefits		268,912		273,281		261,773
Cash collateral for loaned securities		9,621		6,477
Other Liabilities	[1]	16,679		16,071
Separate account liabilities		193,372		198,888		197,679
Goodwill		1,053		1,071		$ 876	$ 1,804
Fixed Maturities, AFS, allowance for credit losses		331		160
Fixed Maturities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets supporting experience-rated contractholder liabilities, at fair value		826		889
Accrued investment income		$ 2,892		$ 2,727
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions. Prior period amounts have been revised to conform to current period presentation.

Business and Basis of Present_4

Business and Basis of Presentation Narrative (Details) - USD ($) $ in Millions		9 Months Ended	12 Months Ended
		Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures			$ 3,209	$ 3,072	$ (1,892)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			3,209	3,072	(1,892)
General and administrative expenses	[1]		13,342	12,951	12,576
Retained Earnings			33,187	32,352
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			3,209	3,072	(1,892)
Redeemable Noncontrolling Interest, Equity, Other, Carrying Amount				$ 1,766
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]				General and administrative expenses
Operating Segments
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures			5,926	$ 5,599	5,198
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			5,926	5,599	5,198
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			5,926	5,599	5,198
Prismic HoldCo
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Carrying value						$ 200
Equity Method Investment, Ownership Percentage						20%
U.S. Businesses Division | Operating Segments | Retirement Strategies
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures			3,619	3,513	4,529
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			3,619	3,513	4,529
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			3,619	3,513	4,529
Individual Retirement Strategies | U.S. Businesses Division | Operating Segments | Retirement Strategies
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures			1,763	1,818	2,982
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			1,763	1,818	2,982
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures			$ 1,763	1,818	2,982
Revision of Prior Period, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Redeemable Noncontrolling Interest, Equity, Other, Carrying Amount				(1,153)	(614)		$ (339)
Revision of Prior Period, Adjustment | Individual Retirement Strategies | U.S. Businesses Division | Operating Segments | Retirement Strategies
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures		$ 149		55
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures		149		55
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures		$ 149		55
Held-for-sale | Retirement Full Service
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures				(220)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures				(220)
General and administrative expenses					$ 50
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures				$ (220)
[1] See Note 24 for additional information regarding related party transactions.

Business and Basis of Present_5

Business and Basis of Presentation (Deferred Sales Inducements) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP	$ 443	$ 480
Balance, EOP	406	443
Other businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP	33	34
Balance, EOP	$ 30	$ 33

Business and Basis of Present_6

Business and Basis of Presentation (Value of Business Acquired) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Value of Business Acquired [Line Items]
Balance, BOP	$ 530
Balance, EOP	435	$ 530
Other businesses
Value of Business Acquired [Line Items]
Balance, BOP	19	24
Balance, EOP	14	19	$ 24
Gibraltar Life and Other
Value of Business Acquired [Line Items]
Balance, BOP	511	597	746
Balance, EOP	$ 421	$ 511	$ 597

Business and Basis of Present_7

Business and Basis of Presentation (Summary of Adoption of New Guidance on Consolidated Statements of Financial Position) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance, BOP		$ 20,448	$ 20,856		$ 20,546
Balance, BOP		435	530
Income Tax Assets		866	939
Total MRB assets		2,331	1,981		800
Other assets	[1],[2]	13,737	13,268	[3]
Total assets		735,587	721,212
Future policy benefits		268,912	273,281		261,773
Policyholder Contract Deposit		166,254	147,018
Other Liabilities	[2]	16,679	16,071
Total liabilities		705,461	691,336
Accumulated other comprehensive income (loss)		(6,711)	(6,504)
Retained Earnings		33,187	32,352
Partner's Capital		27,872	27,820
Noncontrolling Interests		315	290	[3]
Total equity		28,187	28,110		$ 30,934	$ 29,983
TOTAL LIABILITIES AND EQUITY		735,587	721,212
Reinsurance recoverables and deposit receivables	[1]	37,680	27,311
Reinsurance and funds withheld payables	[1]	$ 17,084	$ 15,729
[1] See Note 24 for additional information regarding related party transactions. See Note 4 for details of balances associated with variable interest entities. Prior period amounts have been revised to conform to current period presentation.

Business and Basis of Present_8

Business and Basis of Presentation (Summary of Adoption of New Guidance on Consolidated Statement of Operations) (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Per Share Amount		$ 7.50		$ 6.74		$ (4.49)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Per Share Amount		$ 7.54		$ 6.76		$ (4.49)
Net Income (Loss)		$ 2,727		$ 2,488		$ (1,647)
Net income (loss)		2,846		2,508		(1,675)
Equity in earnings of joint ventures and other operating entities, net of taxes		144		49		(62)
Total income tax expense (benefit)		507		613		(279)
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,209		3,072		(1,892)
Benefits, Losses and Expenses		67,196		50,907		58,773
General and administrative expenses	[1]	13,342		12,951		12,576
Amortization expense		1,492		1,459		1,433
Policyholder Account Balance, Interest Expense		4,582		3,983		2,193
Change in estimates of liability for future policy benefits	[1]	(37)		337		654
Policyholders’ benefits	[1]	47,119		30,931		40,816
Revenues		70,405		53,979		56,881
Change in value of market risk benefits, net of related hedging gains (losses)		(397)		56		(409)
Realized Investment Gains (Losses)	[1]	(3,429)	[2]	(3,615)	[2]	(4,507)
Other income (loss)	[1]	3,037		4,065		608
Insurance Commissions and Fees		4,298		4,527		4,615
Premiums	[1]	$ 42,897		$ 27,364		$ 36,475
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions.

Business and Basis of Present_9

Business and Basis of Presentation (Summary of Adoption of New Guidance on Consolidated Statements of Comprehensive Income) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		$ 2,520	$ (210)	$ 4,040
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest		2,639	(190)	4,011
Other Comprehensive Income (Loss), Net of Tax		(207)	(2,698)	5,686
Less: Income tax expense (benefit) related to other comprehensive income (loss)		364	(837)	2,555
Other Comprehensive Income (Loss), before Tax		157	(3,535)	8,241
Gain (loss) from changes in non-performance risk on market risk benefits		(466)	(693)	938
Interest rate remeasurement of future policy benefits	[1]	11,804	(8,770)	63,643
Net unrealized investment gains (losses)		(10,125)	6,219	(55,845)
Net income (loss)		2,846	2,508	(1,675)
Foreign currency translation adjustments for the period		$ (852)	$ (264)	$ (1,131)
[1] See Note 24 for additional information regarding related party transactions.

Business and Basis of Presen_10

Business and Basis of Presentation (Summary of Adoption of New Guidance on Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income (loss)		$ 2,846		$ 2,508		$ (1,675)
Realized investment gains(losses), net	[1]	3,429	[2]	3,615	[2]	4,507
Change in value of market risk benefits, net of related hedging (gains) losses		397		(56)		409
Policy charges and fee income		(2,128)		(2,186)		(2,230)
Interest credited to policyholders' account balances		4,582		3,983		2,193
Depreciation and amortization		383				117
Deferred policy acquisition costs		(1,111)		(869)		(722)
Future policy benefits and other insurance liabilities		4,803		5,489		6,132
Income Taxes		(146)		(442)		(1,594)
Derivatives, net		897		(746)		(2,533)
Other, net	[3]	(2,124)	[2]	(3,707)	[2]	(609)	[4]
Cash flows from (used in) operating activities		$ 8,502		$ 6,510		$ 5,158
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions. Prior period amounts have been updated to conform to current period presentation. The amount for the year ended December 31, 2022 includes the recognized gains on the sales of Prudential Annuities Life Assurance Corporation (“PALAC”) and the Full Service Retirement business, which were completed on April 1, 2022. See Note 1 for additional information regarding these dispositions.

Significant Accounting Polici_3

Significant Accounting Policies and Pronouncements (Summary of Transition Impact) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Commercial mortgage and other loans	[1]	$ 62,341	$ 59,305
Other invested assets	[1]	26,351	22,855
Deferred policy acquisition cost		20,448	20,856		$ 20,546
Other assets	[1],[2]	13,737	13,268	[3]
Total assets		(735,587)	(721,212)
Policyholder's dividends		718	1,475
Other Liabilities	[1]	16,679	16,071
Total liabilities		705,461	691,336
Total equity		28,187	28,110		30,934	$ 29,983
TOTAL LIABILITIES AND EQUITY		735,587	721,212
Commercial mortgage and agricultural property loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Commercial mortgage and other loans		61,305	58,726
Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		(6,711)	(6,504)		(3,806)	(9,493)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		$ 33,187	$ 32,352		$ 31,714	$ 35,183
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions. Prior period amounts have been revised to conform to current period presentation.

Significant Accounting Polici_4

Significant Accounting Policies and Pronouncements (Narratives) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained Earnings	$ 33,187	$ 32,352
Accumulated other comprehensive income (loss)	(6,711)	(6,504)
Total equity	$ 28,187	28,110	$ 30,934	$ 29,983
Loan-to-value ratios (greater than)	100%
Loan-to-value ratio (less than)	100%
Debt service coverage ratios (less than)	1
Debt Service Coverage Ratios (greater than)	1
Repurchase and Resale Agreements, Collateral, Percentage	95%
Operating Lease, Right-of-Use Asset	$ 373	286
Operating Lease, Liability	$ 408	311
Uncertain Tax Positions Measurement Percentage (greater than)	50%
Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated other comprehensive income (loss)	$ (6,711)	(6,504)	(3,806)	(9,493)
Total equity	(6,711)	(6,504)	(3,806)	(9,493)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 33,187	$ 32,352	$ 31,714	$ 35,183
United States | Securities Lending and Securities Repurchase Transactions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Guarantor obligations, liquidation proceeds, percentage	102%
Other Countries | Securities Lending and Securities Repurchase Transactions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Guarantor obligations, liquidation proceeds, percentage	105%
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	3 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	40 years

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		$ 341,004	$ 334,598
Gross Unrealized Gains		5,517	9,777
Gross Unrealized Losses		34,620	27,894
Fixed Maturities, AFS, allowance for credit losses		331	160
Fixed Maturities, available-for-sale, at fair value	[1]	311,570	316,321
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		24,869	24,874
Gross Unrealized Gains		584	1,091
Gross Unrealized Losses		5,105	4,169
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, available-for-sale, at fair value		20,348	21,796
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		6,590	8,650
Gross Unrealized Gains		132	267
Gross Unrealized Losses		618	459
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, available-for-sale, at fair value		6,104	8,458
Foreign government securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		63,523	71,556
Gross Unrealized Gains		1,837	3,895
Gross Unrealized Losses		7,881	5,208
Fixed Maturities, AFS, allowance for credit losses		0	53
Fixed Maturities, available-for-sale, at fair value		57,479	70,190
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		108,883	105,593
Gross Unrealized Gains		1,226	2,357
Gross Unrealized Losses		11,529	9,711
Fixed Maturities, AFS, allowance for credit losses		72	67
Fixed Maturities, available-for-sale, at fair value		98,508	98,172
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		45,854	42,801
Gross Unrealized Gains		918	807
Gross Unrealized Losses		2,926	2,574
Fixed Maturities, AFS, allowance for credit losses		57	14
Fixed Maturities, available-for-sale, at fair value		43,789	41,020
Foreign public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		23,165	20,473
Gross Unrealized Gains		248	487
Gross Unrealized Losses		1,421	1,298
Fixed Maturities, AFS, allowance for credit losses		10	19
Fixed Maturities, available-for-sale, at fair value		21,982	19,643
Foreign private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		38,652	35,128
Gross Unrealized Gains		314	613
Gross Unrealized Losses		4,311	3,446
Fixed Maturities, AFS, allowance for credit losses		192	5
Fixed Maturities, available-for-sale, at fair value		34,463	32,290
Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		16,979	12,514
Gross Unrealized Gains		214	202
Gross Unrealized Losses		59	119
Fixed Maturities, AFS, allowance for credit losses		0	2
Fixed Maturities, available-for-sale, at fair value		17,134	12,595
Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		9,791	10,571
Gross Unrealized Gains		29	34
Gross Unrealized Losses		547	713
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, available-for-sale, at fair value		9,273	9,892
Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		2,698	2,438
Gross Unrealized Gains		15	24
Gross Unrealized Losses		223	197
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, available-for-sale, at fair value		2,490	2,265
Prudential Netting Agreement | 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		14,748	12,370
Fixed Maturities, available-for-sale, at fair value		14,748	$ 12,370
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		14,748
Fixed Maturities, available-for-sale, at fair value		$ 14,748
[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) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	$ 66,934	$ 25,154
Less than Twelve Months, Unrealized Losses	2,430	1,015
Twelve Months or More, Fair Value	142,997	173,006
Twelve Months or More, Unrealized Losses	32,158	26,855
Fair Value	209,931	198,160
Unrealized Losses	34,588	27,870
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	6,667	2,718
Less than Twelve Months, Unrealized Losses	334	95
Twelve Months or More, Fair Value	10,161	12,642
Twelve Months or More, Unrealized Losses	4,771	4,074
Fair Value	16,828	15,360
Unrealized Losses	5,105	4,169
Obligations of U.S. states and their political subdivisions
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	1,592	862
Less than Twelve Months, Unrealized Losses	53	14
Twelve Months or More, Fair Value	3,288	3,816
Twelve Months or More, Unrealized Losses	565	445
Fair Value	4,880	4,678
Unrealized Losses	618	459
Foreign government securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	8,280	9,098
Less than Twelve Months, Unrealized Losses	349	542
Twelve Months or More, Fair Value	20,780	19,589
Twelve Months or More, Unrealized Losses	7,532	4,664
Fair Value	29,060	28,687
Unrealized Losses	7,881	5,206
U.S. public corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	25,420	4,881
Less than Twelve Months, Unrealized Losses	1,036	103
Twelve Months or More, Fair Value	48,152	61,204
Twelve Months or More, Unrealized Losses	10,485	9,604
Fair Value	73,572	66,085
Unrealized Losses	11,521	9,707
U.S. private corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	7,581	3,026
Less than Twelve Months, Unrealized Losses	183	69
Twelve Months or More, Fair Value	24,846	27,062
Twelve Months or More, Unrealized Losses	2,743	2,504
Fair Value	32,427	30,088
Unrealized Losses	2,926	2,573
Foreign public corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	5,751	1,766
Less than Twelve Months, Unrealized Losses	170	37
Twelve Months or More, Fair Value	8,084	10,812
Twelve Months or More, Unrealized Losses	1,246	1,246
Fair Value	13,835	12,578
Unrealized Losses	1,416	1,283
Foreign private corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	8,702	1,578
Less than Twelve Months, Unrealized Losses	282	120
Twelve Months or More, Fair Value	18,862	22,145
Twelve Months or More, Unrealized Losses	4,010	3,324
Fair Value	27,564	23,723
Unrealized Losses	4,292	3,444
Asset-backed securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	1,488	846
Less than Twelve Months, Unrealized Losses	11	30
Twelve Months or More, Fair Value	1,015	5,886
Twelve Months or More, Unrealized Losses	48	89
Fair Value	2,503	6,732
Unrealized Losses	59	119
Commercial mortgage-backed securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	1,092	287
Less than Twelve Months, Unrealized Losses	8	3
Twelve Months or More, Fair Value	6,432	8,251
Twelve Months or More, Unrealized Losses	539	710
Fair Value	7,524	8,538
Unrealized Losses	547	713
Residential mortgage-backed securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	361	92
Less than Twelve Months, Unrealized Losses	4	2
Twelve Months or More, Fair Value	1,377	1,599
Twelve Months or More, Unrealized Losses	219	195
Fair Value	1,738	1,691
Unrealized Losses	$ 223	$ 197

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Available-for-sale, Amortized Cost
Due in one year or less		$ 9,963
Due after one year through five years		58,822
Due after five years through ten years		63,001
Due after ten years		179,750
Fixed Maturities, available-for-sale, Amortized Cost		341,004	$ 334,598
Available-for-sale, Fair Value
Due in one year or less		9,930
Due after one year through five years		57,973
Due after five years through ten years		61,513
Due after ten years		153,257
Fixed Maturities, available-for-sale, at fair value	[1]	311,570	316,321
U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		45,854	42,801
Available-for-sale, Fair Value
Fixed Maturities, available-for-sale, at fair value		43,789	41,020
Asset-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		16,979
Fixed Maturities, available-for-sale, Amortized Cost		16,979	12,514
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		17,134
Fixed Maturities, available-for-sale, at fair value		17,134	12,595
Commercial mortgage-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		9,791
Fixed Maturities, available-for-sale, Amortized Cost		9,791	10,571
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		9,273
Fixed Maturities, available-for-sale, at fair value		9,273	9,892
Residential mortgage-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		2,698
Fixed Maturities, available-for-sale, Amortized Cost		2,698	2,438
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		2,490
Fixed Maturities, available-for-sale, at fair value		2,490	2,265
Prudential Netting Agreement | U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		14,748	12,370
Available-for-sale, Fair Value
Fixed Maturities, available-for-sale, at fair value		14,748	$ 12,370
Fixed maturities | Prudential Netting Agreement | U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		14,748
Available-for-sale, Fair Value
Fixed Maturities, available-for-sale, at fair value		$ 14,748
[1] See Note 4 for details of balances associated with variable interest entities.

Investments (Fixed Maturity Pro

Investments (Fixed Maturity Proceeds) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Securities[Line Items]
Proceeds from maturities/prepayments	$ 59,059	$ 44,097	$ 50,823
Proceeds from maturities/prepayments - HTM	0	22	38
Available-for-sale-Securities Netting
Debt Securities[Line Items]
Non cash Or Part Non cash Divestitures Amount Of Consideration Received	(100)	(74)	(144)
Held-to-Maturity Securities Netting
Debt Securities[Line Items]
Non cash Or Part Non cash Divestitures Amount Of Consideration Received		1	1
Fixed maturities | Available-for-sale
Debt Securities[Line Items]
Proceeds from sales	36,727	27,161	33,010
Proceeds from maturities/prepayments	22,432	17,010	17,957
Gross investment gains from sales and maturities	1,400	973	1,240
Gross investment losses from sales and maturities	(3,553)	(2,183)	(2,589)
Write-downs recognized in earnings	(924)	(81)	(116)
(Addition to) release of allowance for credit losses	(195)	(22)	(24)
Fixed maturities | Held-to-maturity
Debt Securities[Line Items]
Proceeds from maturities/prepayments - HTM	0	21	37
(Addition to) release of allowance for credit Losses	$ 0	$ 2	$ 2

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 160
Balance, ending of period	331	$ 160
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0
Balance, ending of period	0	0
Foreign government securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	53
Balance, ending of period	0	53
Asset-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	2
Balance, ending of period	0	2
Commercial mortgage-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0
Balance, ending of period	0	0
Residential mortgage-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0
Balance, ending of period	0	0
Available-for-sale
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	160	138
Additions to allowance for credit losses not previously recorded	235	161
Reductions for securities sold during the period	85	162
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	21	40
Write-offs charged against the allowance	0	17
Balance, ending of period	331	160
Available-for-sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	0	0
Write-offs charged against the allowance	0	0
Balance, ending of period	0	0
Available-for-sale | Foreign government securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	53	1
Additions to allowance for credit losses not previously recorded	0	62
Reductions for securities sold during the period	30	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	(23)	(10)
Write-offs charged against the allowance	0	0
Balance, ending of period	0	53
Available-for-sale | Corporate securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	105	136
Additions to allowance for credit losses not previously recorded	235	99
Reductions for securities sold during the period	55	162
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	46	49
Write-offs charged against the allowance	0	17
Balance, ending of period	331	105
Available-for-sale | Asset-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	2	1
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	(2)	1
Write-offs charged against the allowance	0	0
Balance, ending of period	0	2
Available-for-sale | Commercial mortgage-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	0	0
Write-offs charged against the allowance	0	0
Balance, ending of period	0	0
Available-for-sale | Residential mortgage-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	0	0
Write-offs charged against the allowance	0	0
Balance, ending of period	0	0
Fixed maturities, held-to-maturity
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	2
Current period provision for expected losses		2
Change in foreign exchange		0
Balance, ending of period		0
Fixed maturities, held-to-maturity | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0
Current period provision for expected losses		0
Change in foreign exchange		0
Balance, ending of period		0
Fixed maturities, held-to-maturity | Foreign government securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0
Current period provision for expected losses		0
Change in foreign exchange		0
Balance, ending of period		0
Fixed maturities, held-to-maturity | Corporate securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	2
Current period provision for expected losses		2
Change in foreign exchange		0
Balance, ending of period		0
Fixed maturities, held-to-maturity | Asset-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0
Current period provision for expected losses		0
Change in foreign exchange		0
Balance, ending of period		0
Fixed maturities, held-to-maturity | Commercial mortgage-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0
Current period provision for expected losses		0
Change in foreign exchange		0
Balance, ending of period		0
Fixed maturities, held-to-maturity | Residential mortgage-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 0	0
Current period provision for expected losses		0
Change in foreign exchange		0
Balance, ending of period		$ 0

Investments (Assets Supporting

Investments (Assets Supporting Experience-Rated Contractholder Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	$ 2,582	$ 2,496
Assets supporting experience-rated contractholder liabilities, at fair value	3,707	3,168
Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	819	889
Assets supporting experience-rated contractholder liabilities, at fair value	826	889
Equity securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	1,763	1,607
Assets supporting experience-rated contractholder liabilities, at fair value	2,881	2,279
Corporate securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	68	81
Assets supporting experience-rated contractholder liabilities, at fair value	67	79
Foreign government securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	544	606
Assets supporting experience-rated contractholder liabilities, at fair value	539	604
Obligations of U.S. government authorities and agencies and obligations of U.S. states
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	207	202
Assets supporting experience-rated contractholder liabilities, at fair value	$ 220	$ 206
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%	99%
Public Securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage	100%	100%

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Master funds gross assets		$ 43,004	$ 37,046
Master funds gross liabilities		41,370	35,344
Unaffiliated interest		450	404
Consolidated feeder funds’ investments		788	712
Total Unrealized Losses		34,588	27,870
Twelve Months or More, Unrealized Losses		32,158	26,855
Write-downs charged against the allowance		137	29
Fixed Maturities, available-for-sale, at fair value	[1]	311,570	316,321
Total commercial mortgage and other loans		62,341	59,305
Other invested assets	[1]	26,351	22,855
Write-down on accrued investment income receivable		2	1
Fixed maturity securities purchased with credit deterioration		0	0
Loans on non-accrual status recognized in interest income		16	3
Loans on non-accrual status do not have allowance for credit losses		207	126
Commercial mortgage and other loans purchased with credit deterioration		0	0
Fair value of collateral		1,920	717
Corporate securities
Schedule of Investments [Line Items]
Twelve Months or More, Unrealized Losses		32,158	26,855
Other income (loss) | Fixed maturities | Fixed maturities, trading
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments		(551)	518	$ (1,427)
Other income (loss) | Equity securities
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments		735	612	(914)
Other income (loss) | Assets supporting experience-rated contractholder liabilities | Held-for-sale
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments		$ 495	440	$ (737)
Commercial Mortgage Loans | Extended Maturity
Schedule of Investments [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification		1 year
Commercial Mortgage Loans
Schedule of Investments [Line Items]
Write-downs charged against the allowance		$ 132	29
Agricultural Property Loans
Schedule of Investments [Line Items]
Write-downs charged against the allowance		5	0
Investments
Schedule of Investments [Line Items]
Fair value of collateral		265	388
Cash
Schedule of Investments [Line Items]
Fair value of collateral		1,655	329
Carrying value of non-income producing assets
Schedule of Investments [Line Items]
Total commercial mortgage and other loans		$ 21
California
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		28%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		7%
Florida
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		6%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		6%
Asia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		1%
Mexico
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		2%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		1%
NAIC High or Highest Quality Rating | Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses		$ 33,437	26,879
NAIC Other Than High or Highest Quality Rating | Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses		$ 1,151	$ 991
[1] See Note 4 for details of balances associated with variable interest entities.

Investments (Concentrations of

Investments (Concentrations of Credit Risk) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
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	$ 56,947	$ 63,132
Concentrations of credit risk at fair value	51,657	62,017
Investments in Brazil government and government agencies securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	3,027	3,455
Concentrations of credit risk at fair value	2,521	3,419
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	472	522
Concentrations of credit risk at fair value	462	514
Short-term Investments | Investments in Brazil government and government agencies securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	2	0
Concentrations of credit risk at fair value	2	0
Cash equivalents | Investments in Brazil government and government agencies securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	228	427
Concentrations of credit risk at fair value	228	427
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	56,457	62,591
Concentrations of credit risk at fair value	51,177	61,484
Fixed maturities, available-for-sale | Fixed maturities | Investments in Brazil government and government agencies securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	2,753	3,028
Concentrations of credit risk at fair value	2,251	2,992
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	19
Concentrations of credit risk at fair value	18	19
Fixed maturities, trading | Fixed maturities | Investments in Brazil government and government agencies securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	44	0
Concentrations of credit risk at fair value	$ 40	$ 0

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 61,833	$ 59,185
Total net loans	[1]	62,341	59,305
Other loans		1,082	580
Allowance for credit losses, Other loans		(574)	(460)	$ (203)	$ (119)
Total commercial mortgage and other loans		$ 62,341	$ 59,305
% of Total		100%	100%
Net carrying value of commercial loans held for sale		$ 702	$ 519
Commercial Mortgage Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		54,058	51,759
Allowance for credit losses, Other loans		$ (407)	$ (443)	(188)	(111)
% of Total		87.40%	87.50%
Commercial mortgage and agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Allowance for credit losses		$ (528)	$ (459)
Total net loans		61,305	58,726
Uncollateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans		595	425
Allowance for credit losses, Other loans		(14)	(1)	(2)	(4)
Residential property loans
Commercial Mortgage and Other Loans [Line Items]
Other loans		19	30
Allowance for credit losses, Other loans		0	0	0	0
Other collateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans		468	125
Allowance for credit losses, Other loans		(32)	0	$ 0	$ 0
Other loans
Commercial Mortgage and Other Loans [Line Items]
Total net loans		1,036	579
Allowance for credit losses, Other loans		(46)	(1)
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 7,867	$ 8,402
% of Total		12.70%	14.20%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 5,552	$ 5,384
% of Total		9%	9.10%
Apartments/Multi-Family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 17,522	$ 16,555
% of Total		28.30%	28%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 16,900	$ 15,263
% of Total		27.30%	25.80%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 1,831	$ 2,086
% of Total		3%	3.50%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 4,386	$ 4,069
% of Total		7.10%	6.90%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type		$ 7,775	$ 7,426
% of Total		12.60%	12.50%
[1] See Note 4 for details of balances associated with variable interest entities.

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of year	$ 460	$ 203	$ 119
Addition to (release of) allowance for expected losses	255	284	80
Write-downs charged against the allowance	(137)	(29)
Other	(4)	2	4
Total ending balance	574	460	203
Commercial Mortgage Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of year	443	188	111
Addition to (release of) allowance for expected losses	100	282	72
Write-downs charged against the allowance	(132)	(29)
Other	(4)	2	5
Total ending balance	407	443	188
Agricultural Property Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of year	16	13	4
Addition to (release of) allowance for expected losses	110	3	9
Write-downs charged against the allowance	(5)	0
Other	0	0	0
Total ending balance	121	16	13
Residential property loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of year	0	0	0
Addition to (release of) allowance for expected losses	0	0	0
Write-downs charged against the allowance	0	0
Other	0	0	0
Total ending balance	0	0	0
Other collateralized loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of year	0	0	0
Addition to (release of) allowance for expected losses	32	0	0
Write-downs charged against the allowance	0	0
Other	0	0	0
Total ending balance	32	0	0
Uncollateralized loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of year	1	2	4
Addition to (release of) allowance for expected losses	13	(1)	(1)
Write-downs charged against the allowance	0	0
Other	0	0	(1)
Total ending balance	$ 14	$ 1	$ 2

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 62,915	$ 59,765
Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	7,705	5,733
One Years Prior	5,240	3,712
Two Years Prior	3,631	6,286
Three Years Prior	6,030	3,275
Four Years Prior	2,951	6,573
Prior	28,465	26,180
Revolving Loans	36	0
Recording investment gross of allowance for credit losses	54,058	51,759
Commercial Mortgage Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	6,771	5,237
One Years Prior	4,563	3,194
Two Years Prior	3,283	6,122
Three Years Prior	5,929	3,182
Four Years Prior	2,795	5,988
Prior	25,790	23,196
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	49,131	46,919
Commercial Mortgage Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	745	346
One Years Prior	527	366
Two Years Prior	313	82
Three Years Prior	43	38
Four Years Prior	102	265
Prior	1,279	1,713
Revolving Loans	36	0
Recording investment gross of allowance for credit losses	3,045	2,810
Commercial Mortgage Loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	189	150
One Years Prior	150	152
Two Years Prior	35	82
Three Years Prior	58	55
Four Years Prior	54	320
Prior	1,396	1,271
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	1,882	2,030
Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	744	953
One Years Prior	932	1,548
Two Years Prior	1,523	2,052
Three Years Prior	2,020	824
Four Years Prior	803	490
Prior	1,579	1,485
Revolving Loans	174	74
Recording investment gross of allowance for credit losses	7,775	7,426
Agricultural property loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	688	948
One Years Prior	864	1,535
Two Years Prior	932	2,040
Three Years Prior	1,967	750
Four Years Prior	739	489
Prior	1,384	1,290
Revolving Loans	122	74
Recording investment gross of allowance for credit losses	6,696	7,126
Agricultural property loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	56	0
One Years Prior	63	5
Two Years Prior	530	4
Three Years Prior	45	58
Four Years Prior	23	0
Prior	98	151
Revolving Loans	52	0
Recording investment gross of allowance for credit losses	867	218
Agricultural property loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	5
One Years Prior	5	8
Two Years Prior	61	8
Three Years Prior	8	16
Four Years Prior	41	1
Prior	97	44
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	212	82
0%-59.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	2,122	1,822
One Years Prior	1,492	911
Two Years Prior	1,183	2,264
Three Years Prior	2,295	1,437
Four Years Prior	1,378	3,205
Prior	16,652	16,569
Revolving Loans	36	0
Recording investment gross of allowance for credit losses	25,158	26,208
0%-59.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	657	360
One Years Prior	371	880
Two Years Prior	877	2,027
Three Years Prior	2,004	774
Four Years Prior	679	455
Prior	1,491	1,481
Revolving Loans	122	74
Recording investment gross of allowance for credit losses	6,201	6,051
60%-69.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	4,726	2,765
One Years Prior	2,287	1,440
Two Years Prior	1,013	2,541
Three Years Prior	2,192	1,107
Four Years Prior	846	2,146
Prior	5,113	4,530
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	16,177	14,529
60%-69.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	87	586
One Years Prior	555	668
Two Years Prior	125	25
Three Years Prior	10	50
Four Years Prior	53	20
Prior	43	4
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	873	1,353
70%-79.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	809	1,001
One Years Prior	1,326	1,004
Two Years Prior	953	1,278
Three Years Prior	1,327	401
Four Years Prior	446	1,013
Prior	2,293	2,277
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	7,154	6,974
70%-79.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	7
One Years Prior	0	0
Two Years Prior	0	0
Three Years Prior	6	0
Four Years Prior	0	0
Prior	3	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	9	7
80% or greater | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	48	145
One Years Prior	135	357
Two Years Prior	482	203
Three Years Prior	216	330
Four Years Prior	281	209
Prior	4,407	2,804
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	5,569	4,048
80% or greater | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Years Prior	6	0
Two Years Prior	521	0
Three Years Prior	0	0
Four Years Prior	71	15
Prior	42	0
Revolving Loans	52	0
Recording investment gross of allowance for credit losses	$ 692	$ 15

Investments (Amortized Cost Bas

Investments (Amortized Cost Basis of Loan Modifications made to Borrowers Experiencing Financial Difficulties) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Rate
Term Extension | Commercial mortgage loans
Financing Receivable, Modified, Subsequent Default [Line Items]
Amortized cost basis | $	$ 337
% of Amortized Cost | Rate	0.60%
Term Extension | Agricultural property loans
Financing Receivable, Modified, Subsequent Default [Line Items]
Amortized cost basis | $	$ 3
% of Amortized Cost | Rate	0%
Other Than Insignificant Delay in Payment | Commercial mortgage loans
Financing Receivable, Modified, Subsequent Default [Line Items]
Amortized cost basis | $	$ 63
% of Amortized Cost | Rate	0.10%
Other Than Insignificant Delay in Payment | Agricultural property loans
Financing Receivable, Modified, Subsequent Default [Line Items]
Amortized cost basis | $	$ 0
% of Amortized Cost | Rate	0%

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total	$ 62,915	$ 59,765
Non-Accrual Status	1,012	157
Current
Financing Receivable, Past Due [Line Items]
Total	61,967	59,637
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	49
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	24	15
90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	924	64
Total Past Due
Financing Receivable, Past Due [Line Items]
Total	948	128
Commercial Mortgage Loans
Financing Receivable, Past Due [Line Items]
Total	54,058	51,759
Non-Accrual Status	220	94
Commercial Mortgage Loans | Current
Financing Receivable, Past Due [Line Items]
Total	53,873	51,665
Commercial Mortgage Loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	34
Commercial Mortgage Loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	3	0
Commercial Mortgage Loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	182	60
Commercial Mortgage Loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	185	94
Agricultural property loans
Financing Receivable, Past Due [Line Items]
Total	7,775	7,426
Non-Accrual Status	767	38
Agricultural property loans | Current
Financing Receivable, Past Due [Line Items]
Total	7,012	7,392
Agricultural property loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	15
Agricultural property loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	21	15
Agricultural property loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	742	4
Agricultural property loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	763	34
Residential property loans
Financing Receivable, Past Due [Line Items]
Total	19	30
Non-Accrual Status	0	0
Residential property loans | Current
Financing Receivable, Past Due [Line Items]
Total	19	30
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	468	125
Non-Accrual Status	0	0
Other collateralized loans | Current
Financing Receivable, Past Due [Line Items]
Total	468	125
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	595	425
Non-Accrual Status	25	25
Uncollateralized loans | Current
Financing Receivable, Past Due [Line Items]
Total	595	425
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		Dec. 31, 2024	Dec. 31, 2023
Other Invested Assets [Line Items]
Other invested assets	[1]	$ 26,351	$ 22,855
LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		20,526	18,474
Real estate held through direct ownership
Other Invested Assets [Line Items]
Other invested assets		1,743	1,794
Alternative assets
Other Invested Assets [Line Items]
Other invested assets		22,269	20,268
Credit-like instruments
Other Invested Assets [Line Items]
Other invested assets		933	0
Derivative instruments
Other Invested Assets [Line Items]
Other invested assets		1,597	1,100
Other invested assets
Other Invested Assets [Line Items]
Other invested assets		1,552	1,487
Mortgage Debt | Real estate-related
Other Invested Assets [Line Items]
Other invested assets		185	158
Equity method | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		16,419	14,349
Equity method | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		10,615	8,929
Equity method | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,143	3,164
Equity method | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,661	2,256
Fair Value
Other Invested Assets [Line Items]
Other invested assets		95	97
Fair Value | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		4,107	4,125
Fair Value | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,076	1,247
Fair Value | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,080	2,078
Fair Value | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		$ 951	$ 800
[1] See Note 4 for details of balances associated with variable interest entities.

Investments (Equity Method Inve

Investments (Equity Method Investments, Statement of Financial Position) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Total assets	$ 735,587	$ 721,212
Total liabilities	705,461	691,336
Partner's Capital	27,872	27,820
Total liabilities and partner's capital	735,587	721,212
LP/LLC Interests
Schedule of Equity Method Investments [Line Items]
Total liabilities and partners’ capital included above	16,586	14,895
Equity in LP/LLC interests not included above	1,003	968
Carrying value	17,589	15,863
Equity Method Investment
Schedule of Equity Method Investments [Line Items]
Total assets	803,096	681,739
Total liabilities	59,358	61,785
Partner's Capital	743,738	619,954
Total liabilities and partner's capital	$ 803,096	$ 681,739

Investments (Equity Method In_2

Investments (Equity Method Investments, Statement of Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investments [Abstract]
Total revenues	$ 86,249	$ 43,325	$ 28,299
Total Expenses	(22,327)	(14,551)	(3,608)
Net earnings (losses)	63,922	28,774	24,691
Equity in net earnings (losses) included above	1,112	620	641
Equity in net earnings (losses) of LP/LLC interests not included above	(245)	22	16
Total equity in net earnings (loss)	$ 867	$ 642	$ 657

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Net Investment Income [Line Items]
Accrued investment income	[1]	$ 3,441	$ 3,287
Fixed maturities
Net Investment Income [Line Items]
Accrued investment income		2,892	2,727
Equity securities
Net Investment Income [Line Items]
Accrued investment income		8	6
Commercial mortgage and other loans
Net Investment Income [Line Items]
Accrued investment income		228	224
Policy loans
Net Investment Income [Line Items]
Accrued investment income		236	259
Other invested assets
Net Investment Income [Line Items]
Accrued investment income		12	23
Short-term investments and cash equivalents
Net Investment Income [Line Items]
Accrued investment income		$ 65	$ 48
[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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 21,345	$ 19,066	$ 16,887
Less: investment expenses	(1,436)	(1,201)	(850)
Net investment income	19,909	17,865	16,037
Assets supporting experience-rated contractholder liabilities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	56	45	167
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	206	197	160
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2,591	2,279	2,196
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	492	499	499
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	1,326	1,347	1,240
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	1,171	954	406
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	14,948	13,305	11,773
Held-to-maturity | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	0	148	213
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 555	$ 292	$ 233

Investments (Realized Investmen

Investments (Realized Investment Gains Losses Net) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	[1]	$ (3,429)	[2]	$ (3,615)	[2]	$ (4,507)
Fixed maturities
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net		(3,272)		(1,311)		(1,487)
Commercial mortgage and other loans
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net		(236)		(255)		(133)
Investment real estate
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net		0		45		83
LPs/LLCs
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net		57		72		(120)
Derivatives
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net		678		(2,234)		(2,851)
Other
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net		$ (656)		$ 68		$ 1
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions.

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ (27,281)	$ (17,251)	$ (25,004)
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	6	(72)	(45)
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(29,109)	(18,045)	(27,545)
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	1,780	869	2,616
Derivatives designated as fair value hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(64)	(60)	(54)
Other investments
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ 106	$ 57	$ 24

Investments (Repurchase Agreeme

Investments (Repurchase Agreements and Securities Lending Transactions) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	$ 6,796	$ 6,056
Total cash collateral for loaned securities	9,621	6,477
Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	6,450	5,938
Total cash collateral for loaned securities	9,094	5,981
Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	346	118
Total cash collateral for loaned securities	527	496
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
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	6,450	5,693
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	6,450	5,693
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	0
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	0
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	67
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	67
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 securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	128	242
Foreign government securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	122	242
Foreign government securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	6	0
U.S. public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	327	118
Total cash collateral for loaned securities	7,909	4,819
U.S. public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Total cash collateral for loaned securities	7,506	4,399
U.S. public corporate securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	327	118
Total cash collateral for loaned securities	403	420
U.S. public corporate 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
Foreign public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	19	0
Total cash collateral for loaned securities	1,299	725
Foreign public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Total cash collateral for loaned securities	1,181	649
Foreign public corporate securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	19	0
Total cash collateral for loaned securities	118	76
Foreign public corporate 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
Commercial mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	245
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	0	245
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	0
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	0
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	238	623
Equity securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	238	623
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

Investments (Securities Pledged

Investments (Securities Pledged) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	$ 24,718	$ 23,868
Total liabilities supported by the pledged collateral	24,234	20,749
Separate account assets
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	442	1,468
Equity securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	476	827
Short-term Investments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	351	0
Other
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	357	336
Total liabilities supported by the pledged collateral	4,762	4,181
Securities sold under agreements to repurchase
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	6,796	6,056
Cash collateral for loaned securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	9,621	6,477
Policyholders’ account balances
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	2,501	2,501
Separate account liabilities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	454	1,507
Short-term Debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	1	0
Long-term Debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	99	27
Trading | Fixed maturities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	201	50
Available-for-sale | Fixed maturities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	$ 22,891	$ 21,187

Investments (Assets on Deposit,

Investments (Assets on Deposit, Held in Trust and Restricted as to Sale) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets on Deposit, Held in Trust and Restricted as to Sale [Line Items]
Assets on deposit with governmental authorities or trustees	$ 10	$ 8
Assets held in voluntary trusts	533	510
Assets held in trust related to reinsurance and other agreements	13,236	13,214
Securities restricted as to sale	142	144
Total assets on deposit, assets held in trust and securities restricted as to sale	13,921	13,876
Wholly-owned subsidiaries
Assets on Deposit, Held in Trust and Restricted as to Sale [Line Items]
Assets held in trust related to reinsurance and other agreements	$ 16,000	$ 25,700

Variable Interest Entities (Ass

Variable Interest Entities (Assets and Liabilities of Consolidated VIEs) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Variable Interest Entity [Line Items]
Fixed Maturities, available-for-sale, at fair value	[1]	$ 311,570		$ 316,321
Fixed maturities, trading	[1]	12,530		9,790
Equity Securities	[1]	9,417		8,242
Commercial mortgage and other loans	[1]	62,341		59,305
Other invested assets	[1]	26,351		22,855
Cash and cash equivalents		18,497	[1]	19,419	[1]	$ 17,251
Accrued investment income	[1]	3,441		3,287
Other assets	[1],[2]	13,737		13,268	[3]
Total assets		735,587		721,212
Other Liabilities	[1]	16,679		16,071
Notes Issued by Consolidated Variable Interest Entities	[1]	1,430		1,374
Total liabilities		705,461		691,336
Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Fixed Maturities, available-for-sale, at fair value		1,250		539
Fixed maturities, trading		166		943
Equity Securities		80		106
Commercial mortgage and other loans		681		764
Other invested assets		6,379		4,319
Cash and cash equivalents		308		302
Accrued investment income		6		7
Other assets		644		1,023
Total assets		9,514		8,003
Other Liabilities		218		588
Notes Issued by Consolidated Variable Interest Entities		1,392		1,374
Total liabilities		1,610		1,962
Consolidated VIEs for Which the Company is the Investment Manager | Wholly-owned Beneficial Interests
Variable Interest Entity [Line Items]
Total assets		3,835		4,003
Other Consolidated VIEs
Variable Interest Entity [Line Items]
Fixed Maturities, available-for-sale, at fair value		716		836
Fixed maturities, trading		0		0
Equity Securities		0		0
Commercial mortgage and other loans		490		0
Other invested assets		500		485
Cash and cash equivalents		0		0
Accrued investment income		3		3
Other assets		613		636
Total assets		2,322		1,960
Other Liabilities		1		0
Notes Issued by Consolidated Variable Interest Entities		38		0
Total liabilities		$ 39		$ 0
Minimum | Consolidated VIEs for Which the Company is the Investment Manager | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
VIE Liabilities, maturities obligations (between)		5 years
Maximum | Consolidated VIEs for Which the Company is the Investment Manager | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
VIE Liabilities, maturities obligations (between)		14 years
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions. Prior period amounts have been revised to conform to current period presentation.

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Liabilities	$ 705,461,000,000	$ 691,336,000,000
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liabilities	59,358,000,000	61,785,000,000
Unconsolidated VIEs | Company may or may not be the investment manager of certain VIEs
Variable Interest Entity [Line Items]
Liabilities	0
Fixed maturities, available-for-sale, Fixed maturities, trading, Equity securities and Other invested assets | Unconsolidated VIEs | Company may or may not be the investment manager of certain VIEs
Variable Interest Entity [Line Items]
Maximum exposure to loss resulting from investment in unconsolidated VIEs	1,529,000,000	1,165,000,000
Other invested assets | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum exposure to loss resulting from investment in unconsolidated VIEs	$ 21,847,000,000	$ 18,796,000,000

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total derivative assets	$ 1,601	$ 1,103
Total derivative liabilities	4,751	4,181
Anticipated pre-tax loss reclassified from accumulated other comprehensive income (loss) to earnings	$ 405
Maximum Length of Time Hedged in Cash Flow Hedge (future cash flows)	27 years
Net investment hedges income (loss) before taxes	$ 104	39	$ 134
Derivative [Line Items]
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 90	$ 64

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional	$ 548,831	$ 487,415
Assets	21,694	14,261
Liabilities	(32,892)	(27,154)
Embedded Derivative, Fair Value of Embedded Derivative, Net	(11,783)	(8,096)
PRISMIC Embedded Derivative, Fair Value of Embedded Derivative	91	(508)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	40,342	36,263
Assets	2,755	2,050
Liabilities	(969)	(1,123)
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Notional	4,260	3,582
Assets	11	55
Liabilities	(404)	(252)
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Forwards
Derivative [Line Items]
Notional	10	0
Assets	0	0
Liabilities	0	0
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Notional	4,771	4,748
Assets	92	43
Liabilities	(197)	(195)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	31,301	27,933
Assets	2,652	1,952
Liabilities	(368)	(676)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	508,489	451,152
Assets	18,939	12,211
Liabilities	(31,923)	(26,031)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Notional	228,392	224,445
Assets	11,272	8,604
Liabilities	(24,802)	(21,599)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Forwards
Derivative [Line Items]
Notional	2,544	3,678
Assets	9	39
Liabilities	(80)	(14)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Total Return Swaps
Derivative [Line Items]
Notional	485	0
Assets	4	0
Liabilities	(2)	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Notional	27,819	27,686
Assets	1,625	965
Liabilities	(1,181)	(954)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	7,525	7,771
Assets	658	502
Liabilities	(129)	(164)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Futures
Derivative [Line Items]
Notional	9,773	10,448
Assets	6	7
Liabilities	(21)	(26)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Options
Derivative [Line Items]
Notional	34,005	32,718
Assets	430	292
Liabilities	(1,583)	(1,095)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Notional	4,027	3,446
Assets	90	64
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Futures
Derivative [Line Items]
Notional	2,019	672
Assets	6	1
Liabilities	(7)	(2)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Notional	104,438	51,792
Assets	4,507	1,688
Liabilities	(3,790)	(1,662)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Total Return Swaps
Derivative [Line Items]
Notional	9,796	9,237
Assets	331	48
Liabilities	(327)	(514)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other
Derivative [Line Items]
Notional	1,250	1,250
Assets	0	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Synthetic GICs
Derivative [Line Items]
Notional	76,416	78,009
Assets	1	1
Liabilities	$ (1)	$ (1)

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments (Hedged Item Offset By Derivatives Achieving Fair Value Hedge Accounting) (Details) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Fixed Maturities, available-for-sale, at fair value	[1]	$ 311,570	$ 316,321
Commercial mortgage and other loans	[1]	62,341	59,305
Policyholders’ account balances		(166,254)	(147,018)
Future policy benefits		(268,912)	(273,281)	$ (261,773)
Carrying Amount of the Hedged Assets (Liabilities)
Derivative [Line Items]
Fixed Maturities, available-for-sale, at fair value		216	224
Policyholders’ account balances		(1,510)	(810)
Future policy benefits		(2,280)	(2,441)
Cumulative Adjustment Included in Carrying Amount
Derivative [Line Items]
Fixed Maturities, available-for-sale, at fair value		11	19
Policyholders’ account balances		327	219
Future policy benefits		$ 423	$ 298
[1] See Note 4 for details of balances associated with variable interest entities.

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative Assets
Gross Amounts of Recognized Financial Instruments	$ 21,574	$ 14,169
Gross Amounts Offset in the Statements of Financial Position	(20,093)	(13,158)
Net Amounts Presented in the Statements of Financial Position	1,481	1,011
Financial Instruments/Collateral	(696)	(240)
Net Amount	785	771
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	277	388
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	277	388
Financial Instruments/Collateral	(277)	(363)
Net Amount	0	25
Total Assets
Gross Amounts of Recognized Financial Instruments	21,851	14,557
Gross Amounts Offset in the Statements of Financial Position	(20,093)	(13,158)
Net Amounts Presented in the Statements of Financial Position	1,758	1,399
Financial Instruments/Collateral	(973)	(603)
Net Amount	785	796
Derivative Liabilities
Gross Amounts of Recognized Financial Instruments	32,891	27,154
Gross Amounts Offset in the Statement of Financial Position	(28,141)	(22,973)
Net Amounts Presented in the Statement of Financial Position	4,750	4,181
Financial Instruments/Collateral	(4,403)	(3,775)
Net Amount	347	406
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	6,796	6,056
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts Presented in the Statement of Financial Position	6,796	6,056
Financial Instruments/Collateral	(6,796)	(5,811)
Net Amount	0	245
Total Liabilities
Gross Amounts of Recognized Financial Instruments	39,687	33,210
Gross Amounts Offset in the Statement of Financial Position	(28,141)	(22,973)
Net Amounts Presented in the Statement of Financial Position	11,546	10,237
Financial Instruments/Collateral	(11,199)	(9,586)
Net Amount	$ 347	$ 651

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments Gain Loss [Line Items]
Non-derivative AOCI Net Investment Hedge Before Tax	$ 78	$ 28	$ 134
PRISMIC Embedded Derivative, Gain (Loss) on Derivative, Net	598	(508)
Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 678	$ (2,220)	$ (2,834)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)
Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 615	$ (2,281)	$ (2,969)
Market Risk Benefit, Increase (Decrease)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ (3,165)	$ (2,586)	$ (5,080)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Change in value of market risk benefits, net of related hedging gains (losses)	Change in value of market risk benefits, net of related hedging gains (losses)	Change in value of market risk benefits, net of related hedging gains (losses)
Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ (3,165)	$ (2,586)	$ (5,080)
Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 324	$ 312	$ 312
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net investment income	Net investment income	Net investment income
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
Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 209	$ (189)	$ 480
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (loss)	Other income (loss)	Other income (loss)
Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 2	$ 0	$ 3
Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	General and Administrative Expense	General and Administrative Expense	General and Administrative Expense
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
Interest Credited To Policyholder Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ (10)	$ (29)	$ 12
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Policyholder Account Balance, Interest Expense	Policyholder Account Balance, Interest Expense	Policyholder Account Balance, Interest Expense
Interest Credited To Policyholder 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
Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ (40)	$ (35)	$ 7
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Policyholders’ benefits	Policyholders’ benefits	Policyholders’ benefits
Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0
Accumulated Other Comprehensive Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 934	$ (1,741)	$ 1,580
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Net of Tax	Other Comprehensive Income (Loss), Net of Tax	Other Comprehensive Income (Loss), Net of Tax
Accumulated Other Comprehensive 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
Fair value hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	8	1	11
Fair value hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Fair value hedges | Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	(1)	(7)
Fair value hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Fair value hedges | Interest Credited To Policyholder Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(119)	(31)	(375)
Fair value hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(156)	65	(662)
Fair value hedges | Accumulated Other Comprehensive 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
Fair Value Hedged Item | Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(8)	(1)	(8)
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	3
Fair Value Hedged Item | Market Risk Benefit, Increase (Decrease)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0
Fair Value Hedged Item | Investment Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	12	14	23
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	12	13	16
Fair Value Hedged Item | Other Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	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
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0
Fair Value Hedged Item | Interest Credited To Policyholder Account Balances
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	109	2	387
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(10)	(29)	12
Fair Value Hedged Item | Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	126	(92)	673
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(40)	(35)	7
Fair Value Hedged Item | Accumulated Other Comprehensive Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(4)	(6)	(19)
Amortization of Gain(loss) excluded from assessment of effectiveness | Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Amortization of Gain(loss) excluded from assessment of effectiveness | Market Risk Benefit, Increase (Decrease)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Amortization of Gain(loss) excluded from assessment of effectiveness | Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Amortization of Gain(loss) excluded from assessment of effectiveness | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Amortization of Gain(loss) excluded from assessment of effectiveness | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Amortization of Gain(loss) excluded from assessment of effectiveness | Interest Credited To Policyholder Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Amortization of Gain(loss) excluded from assessment of effectiveness | Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(10)	(8)	(4)
Amortization of Gain(loss) excluded from assessment of effectiveness | Accumulated Other Comprehensive Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(4)	(6)	(19)
Cash flow hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	63	61	132
Cash flow hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Cash flow hedges | Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	312	299	296
Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	207	(189)	477
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
Cash flow hedges | Interest Credited To Policyholder 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
Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Cash flow hedges | Accumulated Other Comprehensive Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	911	(1,747)	1,597
Net investment hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Net investment hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Net investment hedges | 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
Net investment hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Net investment hedges | Interest Credited To Policyholder 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
Net investment hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Net investment hedges | Accumulated Other Comprehensive Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	27	12	2
Interest Rate | Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1,554)	(285)	(3,410)
Interest Rate | Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(2,313)	(1,657)	(6,483)
Interest Rate | 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
Interest Rate | Other 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
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
Interest Rate | Interest Credited To Policyholder 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
Interest Rate | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate | Accumulated Other Comprehensive 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
Interest Rate | Fair value hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	8	2	39
Interest Rate | Fair value hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate | Fair value hedges | Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(5)
Interest Rate | Fair value hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Interest Rate | Fair value hedges | Interest Credited To Policyholder Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(119)	(31)	(375)
Interest Rate | Fair value hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(125)	(39)	(438)
Interest Rate | Fair value hedges | Accumulated Other Comprehensive 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
Interest Rate | Fair Value Hedged Item | Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(8)	(2)	(39)
Interest Rate | Fair Value Hedged Item | Market Risk Benefit, Increase (Decrease)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Interest Rate | Fair Value Hedged Item | Investment Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	12	13	14
Interest Rate | Fair Value Hedged Item | Other Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	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
Interest Rate | Fair Value Hedged Item | Interest Credited To Policyholder Account Balances
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	109	2	387
Interest Rate | Fair Value Hedged Item | Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	95	10	448
Interest Rate | Fair Value Hedged Item | Accumulated Other Comprehensive Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Interest Rate | Cash flow hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(15)	(21)	(4)
Interest Rate | Cash flow hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate | Cash flow hedges | Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(16)	(16)	(3)
Interest Rate | Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Interest Rate | Cash flow hedges | Interest Credited To Policyholder 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
Interest Rate | Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate | Cash flow hedges | Accumulated Other Comprehensive Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2	23	(217)
Currency | Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	263	(567)	(400)
Currency | Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | 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
Currency | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	3	(3)
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
Currency | Interest Credited To Policyholder 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
Currency | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Accumulated Other Comprehensive 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
Currency | Fair value hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	(1)	(28)
Currency | Fair value hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Fair value hedges | Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	(1)	(2)
Currency | Fair value hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Currency | Fair value hedges | Interest Credited To Policyholder 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
Currency | Fair value hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(31)	104	(224)
Currency | Fair value hedges | Accumulated Other Comprehensive 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
Currency | Fair Value Hedged Item | Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	1	31
Currency | Fair Value Hedged Item | Market Risk Benefit, Increase (Decrease)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Currency | Fair Value Hedged Item | Investment Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	1	9
Currency | Fair Value Hedged Item | Other Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	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
Currency | Fair Value Hedged Item | Interest Credited To Policyholder Account Balances
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Currency | Fair Value Hedged Item | Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	31	(102)	225
Currency | Fair Value Hedged Item | Accumulated Other Comprehensive Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Market Risk Benefit, Increase (Decrease)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Interest Credited To Policyholder Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(10)	(8)	(4)
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Accumulated Other Comprehensive Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(4)	(6)	(19)
Currency | Cash flow hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	8	15
Currency | Cash flow hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Cash flow hedges | 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
Currency | Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Currency | Cash flow hedges | Interest Credited To Policyholder 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
Currency | Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Cash flow hedges | Accumulated Other Comprehensive Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	52	(122)	191
Currency | Net investment hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Net investment hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Net investment hedges | 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
Currency | Net investment hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Currency | Net investment hedges | Interest Credited To Policyholder 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
Currency | Net investment hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency | Net investment hedges | Accumulated Other Comprehensive Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	27	12	2
Currency/Interest Rate | Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	292	(211)	854
Currency/Interest Rate | Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate | 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
Currency/Interest Rate | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2	(3)	6
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
Currency/Interest Rate | Interest Credited To Policyholder 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
Currency/Interest Rate | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate | Accumulated Other Comprehensive 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
Currency/Interest Rate | Cash flow hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	78	74	121
Currency/Interest Rate | Cash flow hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate | Cash flow hedges | Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	328	315	299
Currency/Interest Rate | Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	207	(189)	477
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
Currency/Interest Rate | Cash flow hedges | Interest Credited To Policyholder 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
Currency/Interest Rate | Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate | Cash flow hedges | Accumulated Other Comprehensive Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	857	(1,648)	1,623
Currency/Interest Rate | Net investment hedges | Gain (Loss) on Investments | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate | Net investment hedges | Market Risk Benefit, Increase (Decrease) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate | Net investment hedges | 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
Currency/Interest Rate | Net investment hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
Currency/Interest Rate | Net investment hedges | Interest Credited To Policyholder 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
Currency/Interest Rate | Net investment hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate | Net investment hedges | Accumulated Other Comprehensive 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
Credit | Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	109	164	5
Credit | Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit | 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
Credit | Other 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
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
Credit | Interest Credited To Policyholder 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
Credit | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit | Accumulated Other Comprehensive 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
Equity | Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	3,257	1,751	6
Equity | Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(852)	(929)	1,403
Equity | 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
Equity | Other 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
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
Equity | Interest Credited To Policyholder 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
Equity | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Equity | Accumulated Other Comprehensive 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
Other Contract | Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	2
Other Contract | Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract | 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
Other Contract | Other 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
Other Contract | 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
Other Contract | Interest Credited To Policyholder 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
Other Contract | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract | Accumulated Other Comprehensive 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
Embedded Derivative Financial Instruments | Gain (Loss) on Investments | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1,752)	(3,133)	(26)
Embedded Derivative Financial Instruments | Market Risk Benefit, Increase (Decrease) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments | 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
Embedded Derivative Financial Instruments | Other 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
Embedded Derivative Financial Instruments | 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
Embedded Derivative Financial Instruments | Interest Credited To Policyholder 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
Embedded Derivative Financial Instruments | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments | Accumulated Other Comprehensive 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

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Net unrealized investment gains (losses)	Net unrealized investment gains (losses)	Net unrealized investment gains (losses)
Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 869	$ 2,616	$ 1,019
Amount recorded in AOCI	1,496	(1,571)	2,502
Amount reclassified from AOCI to income	(585)	(176)	(905)
Ending Balance	1,780	869	2,616
Interest Rate | Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	(28)	(15)	(224)
Amount reclassified from AOCI to income	30	38	7
Currency | Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	55	(108)	206
Amount reclassified from AOCI to income	(3)	(14)	(15)
Currency/Interest Rate | Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	1,469	(1,448)	2,520
Amount reclassified from AOCI to income	$ (612)	$ (200)	$ (897)

Derivative Instruments (Credit

Derivative Instruments (Credit Derivatives) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 4,027	$ 3,446
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	90	64
Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	4,027	3,446
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 90	64
Credit Index Product
Derivative [Line Items]
Credit Derivatives Written Max Length Of Maturities	10 years
NAIC 1
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 1 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 1 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 2
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 2 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 2 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	3,365	2,723
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	40	19
NAIC 3 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 3 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	3,365	2,723
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	40	19
NAIC 4
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 4 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 4 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 5
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	89
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	5
NAIC 5 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 5 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	89
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	5
NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	662	634
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 50	$ 40
Credit Derivative, Maximum Exposure, Undiscounted Percentage	4%	3%
NAIC 6 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 0	$ 0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 6 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	662	634
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 50	$ 40

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		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)	[1]	$ 311,570	$ 316,321
Assets supporting experience-rated contractholder liabilities		3,707	3,168
Market risk benefit assets		2,331	1,981		$ 800
Fixed maturities, trading	[1]	12,530	9,790
Equity Securities	[1]	9,417	8,242
Commercial mortgage and other loans	[1]	62,341	59,305
Other invested assets	[1]	26,351	22,855
Reinsurance recoverables and deposit receivables	[2]	37,680	27,311
Other assets	[1],[2]	13,737	13,268	[3]
Separate account assets		193,372	198,888
TOTAL ASSETS		735,587	721,212
Market risk benefit liabilities		4,455	5,467		$ 5,864
Reinsurance and funds withheld payables	[2]	17,084	15,729
Other Liabilities	[1]	16,679	16,071
Total liabilities		705,461	691,336
Netting		(20,093)	(13,158)
Fixed Maturities, available-for-sale, Amortized Cost		341,004	334,598
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 (amortized cost: 2024- $1,477; 2023- $1,519)		20,348	21,796
Fixed Maturities, available-for-sale, Amortized Cost		24,869	24,874
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 (amortized cost: 2024- $1,477; 2023- $1,519)		6,104	8,458
Fixed Maturities, available-for-sale, Amortized Cost		6,590	8,650
Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)		57,479	70,190
Assets supporting experience-rated contractholder liabilities		539	604
Fixed Maturities, available-for-sale, Amortized Cost		63,523	71,556
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 (amortized cost: 2024- $1,477; 2023- $1,519)		98,508	98,172
Fixed Maturities, available-for-sale, Amortized Cost		108,883	105,593
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 (amortized cost: 2024- $1,477; 2023- $1,519)		43,789	41,020
Fixed Maturities, available-for-sale, Amortized Cost		45,854	42,801
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 (amortized cost: 2024- $1,477; 2023- $1,519)		21,982	19,643
Fixed Maturities, available-for-sale, Amortized Cost		23,165	20,473
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 (amortized cost: 2024- $1,477; 2023- $1,519)		34,463	32,290
Fixed Maturities, available-for-sale, Amortized Cost		38,652	35,128
Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		67	79
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)		17,134	12,595
Fixed Maturities, available-for-sale, Amortized Cost		16,979	12,514
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 (amortized cost: 2024- $1,477; 2023- $1,519)		9,273	9,892
Fixed Maturities, available-for-sale, Amortized Cost		9,791	10,571
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 (amortized cost: 2024- $1,477; 2023- $1,519)		2,490	2,265
Fixed Maturities, available-for-sale, Amortized Cost		2,698	2,438
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share			239
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 (amortized cost: 2024- $1,477; 2023- $1,519)		311,570	316,321
Assets supporting experience-rated contractholder liabilities		3,707	3,168
Market risk benefit assets		2,331	1,981
Fixed maturities, trading		12,530	9,790
Equity Securities		9,417	8,003
Commercial mortgage and other loans		702	519
Other invested assets		2,553	1,949
Short-term investments		8,595	3,900
Cash equivalents		10,691	10,302
Reinsurance recoverables and deposit receivables		849	149
Other assets		0	11
Separate account assets		166,672	171,812
TOTAL ASSETS		529,617	527,905
Market risk benefit liabilities		4,455	5,467
Policyholders' account balances		12,746	7,752
Reinsurance and funds withheld payables		(118)	490
Other Liabilities		4,751	4,175
Notes issued by consolidated VIEs		60	778
Total liabilities		21,894	18,662
Assets Netting		(20,093)	(13,158)
Liabilities Netting		(28,141)	(22,973)
Netting		(8,049)	(9,815)
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 (amortized cost: 2024- $1,477; 2023- $1,519)		20,348	21,796
Assets supporting experience-rated contractholder liabilities		220	206
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 (amortized cost: 2024- $1,477; 2023- $1,519)		6,104	8,458
Fair Value, Measurements, Recurring | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)		57,479	70,190
Assets supporting experience-rated contractholder liabilities		539	604
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 (amortized cost: 2024- $1,477; 2023- $1,519)		98,508	98,172
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 (amortized cost: 2024- $1,477; 2023- $1,519)		43,789	41,020
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 (amortized cost: 2024- $1,477; 2023- $1,519)		21,982	19,643
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 (amortized cost: 2024- $1,477; 2023- $1,519)		34,463	32,290
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		67	79
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 (amortized cost: 2024- $1,477; 2023- $1,519)		17,134	12,595
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 (amortized cost: 2024- $1,477; 2023- $1,519)		9,273	9,892
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 (amortized cost: 2024- $1,477; 2023- $1,519)		2,490	2,265
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		2,881	2,279
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 (amortized cost: 2024- $1,477; 2023- $1,519)		0	0
Assets supporting experience-rated contractholder liabilities		1,522	1,004
Market risk benefit assets		0	0
Fixed maturities, trading		0	0
Equity Securities		7,154	5,953
Commercial mortgage and other loans		0	0
Other invested assets		10	27
Short-term investments		1,896	125
Cash equivalents		326	2,240
Reinsurance recoverables and deposit receivables		0	0
Other assets		0	0
Separate account assets		8,441	8,925
TOTAL ASSETS		19,349	18,274
Market risk benefit liabilities		0	0
Policyholders' account balances		0	0
Reinsurance and funds withheld payables		0	0
Other Liabilities		28	35
Notes issued by consolidated VIEs		0	0
Total liabilities		28	35
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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		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		1,522	1,004
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 (amortized cost: 2024- $1,477; 2023- $1,519)		303,393	310,203
Assets supporting experience-rated contractholder liabilities		2,185	2,164
Market risk benefit assets		0	0
Fixed maturities, trading		10,544	9,361
Equity Securities		1,745	1,538
Commercial mortgage and other loans		469	519
Other invested assets		21,683	14,234
Short-term investments		6,238	3,746
Cash equivalents		10,365	8,058
Reinsurance recoverables and deposit receivables		236	(75)
Other assets		0	0
Separate account assets		157,999	161,793
TOTAL ASSETS		514,857	511,541
Market risk benefit liabilities		0	0
Policyholders' account balances		0	0
Reinsurance and funds withheld payables		(118)	490
Other Liabilities		32,863	27,112
Notes issued by consolidated VIEs		0	0
Total liabilities		32,745	27,602
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 (amortized cost: 2024- $1,477; 2023- $1,519)		20,348	21,796
Assets supporting experience-rated contractholder liabilities		220	206
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 (amortized cost: 2024- $1,477; 2023- $1,519)		6,098	8,451
Fair Value, Measurements, Recurring | Level 2 | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)		57,472	70,182
Assets supporting experience-rated contractholder liabilities		539	604
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 (amortized cost: 2024- $1,477; 2023- $1,519)		98,442	98,097
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 (amortized cost: 2024- $1,477; 2023- $1,519)		39,848	38,199
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 (amortized cost: 2024- $1,477; 2023- $1,519)		21,946	19,576
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 (amortized cost: 2024- $1,477; 2023- $1,519)		32,675	30,447
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		67	79
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 (amortized cost: 2024- $1,477; 2023- $1,519)		15,654	12,236
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 (amortized cost: 2024- $1,477; 2023- $1,519)		8,420	8,954
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 (amortized cost: 2024- $1,477; 2023- $1,519)		2,490	2,265
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		1,359	1,275
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 (amortized cost: 2024- $1,477; 2023- $1,519)		8,177	6,118
Assets supporting experience-rated contractholder liabilities		0	0
Market risk benefit assets		2,331	1,981
Fixed maturities, trading		1,986	429
Equity Securities		518	512
Commercial mortgage and other loans		233	0
Other invested assets		953	846
Short-term investments		461	29
Cash equivalents		0	4
Reinsurance recoverables and deposit receivables		613	224
Other assets		0	11
Separate account assets		232	1,094
TOTAL ASSETS		15,504	11,248
Market risk benefit liabilities		4,455	5,467
Policyholders' account balances		12,746	7,752
Reinsurance and funds withheld payables		0	0
Other Liabilities		1	1
Notes issued by consolidated VIEs		60	778
Total liabilities		17,262	13,998
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 (amortized cost: 2024- $1,477; 2023- $1,519)		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 (amortized cost: 2024- $1,477; 2023- $1,519)		6	7
Fair Value, Measurements, Recurring | Level 3 | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)		7	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 (amortized cost: 2024- $1,477; 2023- $1,519)		66	75
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 (amortized cost: 2024- $1,477; 2023- $1,519)		3,941	2,821
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 (amortized cost: 2024- $1,477; 2023- $1,519)		36	67
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 (amortized cost: 2024- $1,477; 2023- $1,519)		1,788	1,843
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 (amortized cost: 2024- $1,477; 2023- $1,519)		1,480	359
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 (amortized cost: 2024- $1,477; 2023- $1,519)		853	938
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 (amortized cost: 2024- $1,477; 2023- $1,519)		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
Prudential Netting Agreement | 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 (amortized cost: 2024- $1,477; 2023- $1,519)		14,748	12,370
Fixed Maturities, available-for-sale, Amortized Cost		14,748	12,370
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		5,021	4,125
Separate account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		$ 26,700	$ 27,076
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions. Prior period amounts have been revised to conform to current period presentation.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets		$ 2,331	$ 1,981	$ 800
Reinsurance recoverables and deposit receivables	[1]	37,680	27,311
Market risk benefit liabilities		4,455	5,467	$ 5,864
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets		2,331	1,981
Reinsurance recoverables and deposit receivables		849	149
Market risk benefit liabilities		4,455	5,467
Policyholders' account balances		12,746	7,752
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		$ 2,331	1,981
Reinsurance recoverables and deposit receivables		613	224
Market risk benefit liabilities		4,455	5,467
Policyholders' account balances		$ 12,746	$ 7,752
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		0.29%	0.41%
Utilization rate		37%	38%
Withdrawal rate (greater than maximum range)		78%	81%
Mortality rate		0%	0%
Equity volatility curve		16%	15%
Level 3 | Internal | Minimum | Discounted cash flow | Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate		0%	1%
Spread over SOFR		0.29%	0.41%
Mortality rate		0%	0%
Option budget		(1.00%)	(1.00%)
Level 3 | Internal | Minimum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate		0.95%	0.57%
Level 3 | Internal | Minimum | Discounted cash flow | Asset-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate		2.30%
Level 3 | Internal | Minimum | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium		1%	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		0.29%	0.41%
Utilization rate		37%	38%
Withdrawal rate (greater than maximum range)		78%	81%
Mortality rate		0%	0%
Equity volatility curve		16%	15%
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 | Reinsurance recoverables and deposit receivables
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate		1%
Spread over SOFR		0.29%
Option budget		0%
Level 3 | Internal | Minimum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		3	5.5
Level 3 | Internal | Minimum | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		5.5	1
Level 3 | Internal | Minimum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		75%	3.55%
Level 3 | Internal | Minimum | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price		3	3
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		1.71%	1.82%
Utilization rate		94%	95%
Withdrawal rate (greater than maximum range)		100%	100%
Mortality rate		16%	15%
Equity volatility curve		25%	25%
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		1.73%	1.85%
Mortality rate		23%	23%
Option budget		7%	7%
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 | Asset-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate		10.70%
Level 3 | Internal | Maximum | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium		1%	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		1.71%	1.82%
Utilization rate		94%	95%
Withdrawal rate (greater than maximum range)		100%	100%
Mortality rate		16%	15%
Equity volatility curve		25%	25%
Level 3 | Internal | Maximum | Discounted cash flow | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate		40%	20%
Level 3 | Internal | Maximum | Discounted cash flow | Reinsurance recoverables and deposit receivables
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate		50%
Spread over SOFR		1.71%
Option budget		6%
Level 3 | Internal | Maximum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		8.8	8.8
Level 3 | Internal | Maximum | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		12.2	10
Level 3 | Internal | Maximum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		75%	68%
Level 3 | Internal | Maximum | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price		1,810	1,714
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate		10.36%	8.65%
Level 3 | Internal | Weighted Average | Discounted cash flow | Asset-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate		6.08%
Level 3 | Internal | Weighted Average | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium		1%	0.70%
Level 3 | Internal | Weighted Average | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		7.6	7.4
Level 3 | Internal | Weighted Average | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		6	6.3
Level 3 | Internal | Weighted Average | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		75%	57.63%
Level 3 | Internal | Weighted Average | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price		779	733
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		$ 4,455	$ 5,467
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders' account balances		12,741	7,752
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities		6,763	1,311
Level 3 | Internal | Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Asset backed securities		529
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		853	938
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		2,331	1,981
Level 3 | Internal | Fair Value, Measurements, Recurring | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Equity securities		209	$ 246
Level 3 | Internal | Fair Value, Measurements, Recurring | Reinsurance recoverables and deposit receivables
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Reinsurance recoverables and deposit receivables		$ 613
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] See Note 24 for additional information regarding related party transactions.

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrealized gains (losses) for assets/liabilities still held:
Market risk benefit assets	$ 2,331	$ 1,981	$ 800
Market risk benefit liabilities	4,455	5,467	5,864
Fair Value, Measurements, Recurring
Unrealized gains (losses) for assets/liabilities still held:
Market risk benefit assets	2,331	1,981
Market risk benefit liabilities	4,455	5,467
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	512	627
Purchases	153	45
Sales	(55)	(75)
Issuances	0	0
Settlements	(67)	(36)
Other	5	(41)
Transfers into Level 3	2	3
Transfers out of Level 3	(10)	(37)
Fair Value, end of period	518	512	627
Total gains (losses) (realized/unrealized):
Included in earnings	(22)	26
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	12
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	(1)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Equity securities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(22)	27	(18)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	12	(39)
Equity securities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Commercial mortgage and other loans
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
Purchases	0	0
Sales	0	0
Issuances	210	0
Settlements	0	0
Other	23	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	233	0	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Commercial mortgage and other loans | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Commercial mortgage and other loans | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Commercial mortgage and other loans | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Commercial mortgage and other loans | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Commercial mortgage and other loans | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	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	846	539
Purchases	175	361
Sales	(2)	(16)
Issuances	0	0
Settlements	0	0
Other	19	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	953	846	539
Total gains (losses) (realized/unrealized):
Included in earnings	(85)	(38)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(85)	(38)
Other invested assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	(4)	(12)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1)	(4)	(12)
Other invested assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(84)	(34)	24
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(84)	(34)	24
Other invested assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other invested assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other invested assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	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	29	18
Purchases	488	49
Sales	(25)	0
Issuances	0	0
Settlements	(6)	(43)
Other	(25)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	461	29	18
Total gains (losses) (realized/unrealized):
Included in earnings	0	5
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	0
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	3	(5)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	(6)
Short-term investments | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Short-term investments | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Short-term investments | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	0	0
Short-term investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	1	2	0
Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	4	0
Purchases	5	4
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	(9)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	4	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Cash equivalents | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	(2)
Cash equivalents | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Cash equivalents | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Cash equivalents | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Cash equivalents | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Reinsurance recoverables and deposit receivables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	224	141
Purchases	223	146
Sales	0	0
Issuances	0	0
Settlements	(66)	(23)
Other	88	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	613	224	141
Total gains (losses) (realized/unrealized):
Included in earnings	144	(40)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	78	(63)
Reinsurance recoverables and deposit receivables | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	144	(40)	44
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	78	(63)	48
Reinsurance recoverables and deposit receivables | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Reinsurance recoverables and deposit receivables | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Reinsurance recoverables and deposit receivables | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Reinsurance recoverables and deposit receivables | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	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	11	11
Purchases	8	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	(19)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	11	11
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	67
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	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	1,094	1,081
Purchases	322	450
Sales	(1,061)	(368)
Issuances	0	0
Settlements	(14)	(68)
Other	0	0
Transfers into Level 3	12	50
Transfers out of Level 3	(60)	(106)
Fair Value, end of period	232	1,094	1,081
Total gains (losses) (realized/unrealized):
Included in earnings	(61)	55
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(24)	42
Separate accounts assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Separate accounts assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Separate accounts assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	(61)	55	(215)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(24)	42	(211)
Separate accounts assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Separate accounts assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	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	(7,752)	(3,492)
Purchases	0	0
Sales	0	0
Issuances	(2,254)	(1,664)
Settlements	0	0
Other	45	5
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(12,746)	(7,752)	(3,492)
Total gains (losses) (realized/unrealized):
Included in earnings	(2,785)	(2,601)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,165	(322)
Policyholders’ account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(2,785)	(2,601)	(66)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,165	(322)	67
Policyholders’ account balances | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Policyholders’ account balances | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Policyholders’ account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Policyholders’ account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	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)	(1)
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(1)	(1)	(1)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other liabilities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other liabilities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other liabilities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other liabilities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Notes issued by consolidated VIEs
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(778)	0
Purchases	0	0
Sales	0	0
Issuances	(60)	0
Settlements	0	0
Other	783	(787)
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(60)	(778)	0
Total gains (losses) (realized/unrealized):
Included in earnings	(5)	9
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	9
Notes issued by consolidated VIEs | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Notes issued by consolidated VIEs | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(5)	9	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	9	0
Notes issued by consolidated VIEs | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Notes issued by consolidated VIEs | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Notes issued by consolidated VIEs | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Fixed maturities, available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(269)	(25)	(89)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(240)	(7)	(101)
Fixed maturities, available-for-sale | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Fixed maturities, available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	22	(5)	(783)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	10	(30)	(782)
Fixed maturities, available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	9	8
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	7
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	(1)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	6	7	7
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1)	0
Fixed maturities, available-for-sale | Fixed maturities | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	8	8
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(1)	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	7	8	8
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
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	4,806	3,858
Purchases	2,181	1,864
Sales	(145)	(211)
Issuances	0	0
Settlements	(806)	(988)
Other	(144)	26
Transfers into Level 3	250	418
Transfers out of Level 3	(58)	(187)
Fair Value, end of period	5,831	4,806	3,858
Total gains (losses) (realized/unrealized):
Included in earnings	(253)	26
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(227)	19
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	1,297	1,289
Purchases	2,764	587
Sales	(244)	(6)
Issuances	0	0
Settlements	(125)	(38)
Other	(494)	(81)
Transfers into Level 3	67	113
Transfers out of Level 3	(937)	(520)
Fair Value, end of period	2,333	1,297	1,289
Total gains (losses) (realized/unrealized):
Included in earnings	5	(47)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(2)	(56)
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	429	304
Purchases	1,826	129
Sales	(56)	(39)
Issuances	0	0
Settlements	(218)	(23)
Other	1	88
Transfers into Level 3	466	17
Transfers out of Level 3	(395)	(58)
Fair Value, end of period	1,986	429	304
Total gains (losses) (realized/unrealized):
Included in earnings	(67)	11
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(64)	5
Fixed maturities, trading | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Fixed maturities, trading | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(69)	9	(16)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(64)	5	(17)
Fixed maturities, trading | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Fixed maturities, trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 2	$ 2	$ 0

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	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 1,601	$ 1,103
Netting	$ (20,093)	$ (13,158)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other invested assets	Other invested assets
Total derivative liabilities	$ 4,751	$ 4,181
Netting	$ (28,141)	$ (22,973)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 11,733	$ 8,998
Total derivative liabilities	26,893	22,987
Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,717	1,008
Total derivative liabilities	1,378	1,149
Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	90	64
Total derivative liabilities	0	0
Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,310	2,454
Total derivative liabilities	497	840
Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	4,844	1,737
Total derivative liabilities	4,124	2,178
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	10	26
Total derivative liabilities	28	36
Level 1 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	7	7
Total derivative liabilities	21	26
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	3	19
Total derivative liabilities	7	10
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	21,683	14,234
Total derivative liabilities	32,863	27,117
Level 2 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	11,725	8,990
Total derivative liabilities	26,871	22,960
Level 2 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,717	1,008
Total derivative liabilities	1,378	1,149
Level 2 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	90	64
Total derivative liabilities	0	0
Level 2 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,310	2,454
Total derivative liabilities	497	840
Level 2 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	4,841	1,718
Total derivative liabilities	4,117	2,168
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

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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	$ 0	$ 0	$ 1
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	1
Purchases	0	0	0
Sales	0	0	(2)
Issuances	0	0	0
Settlements	0	0	0
Other	0	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	0	0	0
Unrealized gains (losses) for assets still held:
Included in earnings	0	0	1
Interest Rate
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	0	0	1
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Purchases	0	0	0
Sales	0	0	0
Issuances	0	0	0
Settlements	0	0	0
Other	0	0	0
Transfers into Level 3	0	0	(1)
Transfers out of Level 3	0	0	0
Fair Value, end of period	0	0	0
Unrealized gains (losses) for assets still held:
Included in earnings	$ 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Commercial mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	$ 0	$ (29)	$ 0
Carrying value after measurement as of period end	0	34
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	0	0	(1)
Carrying value after measurement as of period end	0	0
Investment real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	(12)	(17)	(12)
Carrying value after measurement as of period end	73	113
Investment in JV/LP and Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	(7)	(76)	(129)
Carrying value after measurement as of period end	128	186
Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	0	(177)	$ (903)
Carrying value after measurement as of period end	$ 0	$ 0

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		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest expense		$ 2,030	$ 1,763		$ 1,597
Commercial mortgage and other loans	[1]	62,341	59,305
Other invested assets	[1]	26,351	22,855
Other assets	[1],[2]	13,737	13,268	[3]
Commercial mortgage and other loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest income		26	9		23
Fair value option loans in more than 90 days past due and still accruing		0
Notes issued by consolidated VIEs
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in fair value		5	(9)		0
Interest expense		14	11		$ 0
Fair value option
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		702	519
Other invested assets		19	0
Other assets		0	11
Notes issued by consolidated VIEs		60	778
Fair value option, aggregate contractual principal
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		697	512
Notes issued by consolidated VIEs		$ 60	$ 787
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions. Prior period amounts have been revised to conform to current period presentation.

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		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Assets:
Commercial mortgage and other loans	[1]	$ 62,341		$ 59,305
Policy loans		9,795		10,047
Other invested assets	[1]	26,351		22,855
Cash and cash equivalents		18,497	[1]	19,419	[1]	$ 17,251
Accrued investment income	[1]	3,441		3,287
Reinsurance recoverables and deposit receivables	[2]	37,680		27,311
Other assets, assets at fair value		0		11
Liabilities:
Securities sold under agreements to repurchase		6,796		6,056
Cash collateral for loaned securities		9,621		6,477
Reinsurance and funds withheld payables	[2]	17,084		15,729
Short-term debt		953		618
Long-term debt		19,187		18,882
Other Liabilities, derivatives at fair value		4,751		4,175
Fair Value
Assets:
Commercial mortgage and other loans		58,463		55,652
Policy loans		9,795		10,047
Other invested assets		95		97
Short-term investments		474		1,105
Cash and cash equivalents		7,806		9,117
Accrued investment income		3,441		3,287
Reinsurance recoverables and deposit receivables		5,790		5,176
Other assets, assets at fair value		3,086		3,102
Total assets		88,950		87,583
Liabilities:
Policyholders’ account balances—investment contracts		74,871		68,883
Securities sold under agreements to repurchase		6,796		6,056
Cash collateral for loaned securities		9,621		6,477
Reinsurance and funds withheld payables		10,454		9,530
Short-term debt		960		618
Long-term debt		18,132		18,268
Notes issued by consolidated VIEs		1,370		596
Other Liabilities, derivatives at fair value		6,918		6,982
Separate account liabilities—investment contracts		39,821		45,365
Total liabilities		168,943		162,775
Carrying Amount
Assets:
Commercial mortgage and other loans		61,639		58,786
Policy loans		9,795		10,047
Other invested assets		95		97
Short-term investments		474		1,105
Cash and cash equivalents		7,806		9,117
Accrued investment income		3,441		3,287
Reinsurance recoverables and deposit receivables		5,790		5,176
Other assets, assets at fair value		3,086		3,102
Total assets		92,126		90,717
Liabilities:
Policyholders’ account balances—investment contracts		79,571		72,604
Securities sold under agreements to repurchase		6,796		6,056
Cash collateral for loaned securities		9,621		6,477
Reinsurance and funds withheld payables		10,454		9,530
Short-term debt		953		618
Long-term debt		19,187		18,882
Notes issued by consolidated VIEs		1,370		596
Other Liabilities, derivatives at fair value		6,918		6,982
Separate account liabilities—investment contracts		39,821		45,365
Total liabilities		174,691		167,110
Level 1 | Fair Value
Assets:
Commercial mortgage and other loans		0		0
Policy loans		8		8
Other invested assets		0		0
Short-term investments		453		1,092
Cash and cash equivalents		7,352		8,709
Accrued investment income		0		0
Reinsurance recoverables and deposit receivables		0		0
Other assets, assets at fair value		23		43
Total assets		7,836		9,852
Liabilities:
Policyholders’ account balances—investment contracts		0		0
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Reinsurance and funds withheld payables		0		0
Short-term debt		0		0
Long-term debt		524		564
Notes issued by consolidated VIEs		0		0
Other Liabilities, derivatives at fair value		0		0
Separate account liabilities—investment contracts		0		0
Total liabilities		524		564
Level 2 | Fair Value
Assets:
Commercial mortgage and other loans		17		41
Policy loans		0		0
Other invested assets		95		97
Short-term investments		21		13
Cash and cash equivalents		454		408
Accrued investment income		3,441		3,287
Reinsurance recoverables and deposit receivables		8		5
Other assets, assets at fair value		3,062		3,059
Total assets		7,098		6,910
Liabilities:
Policyholders’ account balances—investment contracts		31,405		31,089
Securities sold under agreements to repurchase		6,796		6,056
Cash collateral for loaned securities		9,621		6,477
Reinsurance and funds withheld payables		10,489		9,553
Short-term debt		521		535
Long-term debt		17,185		16,938
Notes issued by consolidated VIEs		0		0
Other Liabilities, derivatives at fair value		6,886		6,950
Separate account liabilities—investment contracts		21,144		24,050
Total liabilities		104,047		101,648
Level 3 | Fair Value
Assets:
Commercial mortgage and other loans		58,446		55,611
Policy loans		9,787		10,039
Other invested assets		0		0
Short-term investments		0		0
Cash and cash equivalents		0		0
Accrued investment income		0		0
Reinsurance recoverables and deposit receivables		5,782		5,171
Other assets, assets at fair value		1		0
Total assets		74,016		70,821
Liabilities:
Policyholders’ account balances—investment contracts		43,466		37,794
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Reinsurance and funds withheld payables		(35)		(23)
Short-term debt		439		83
Long-term debt		423		766
Notes issued by consolidated VIEs		1,370		596
Other Liabilities, derivatives at fair value		32		32
Separate account liabilities—investment contracts		18,677		21,315
Total liabilities		64,372		60,563
Prudential Netting Agreement | Fair Value
Liabilities:
Short-term debt		0		2,000
Long-term debt		14,748		10,370
Prudential Netting Agreement | Carrying Amount
Liabilities:
Short-term debt		0		2,000
Long-term debt		14,748		10,370
Prismic Life Reinsurance, Ltd | Fair Value
Liabilities:
Reinsurance and funds withheld payables		7,887		8,036
Prismic Life Reinsurance, Ltd | Carrying Amount
Liabilities:
Reinsurance and funds withheld payables		$ 7,887		$ 8,036
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions.

Separate Accounts (Separate Acc

Separate Accounts (Separate Account Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 193,372	$ 198,888
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4,674	4,411
Foreign government bonds
Fair Value, Separate Account Investment [Line Items]
Separate account assets	93	101
Obligations of U.S. states and their political subdivisions
Fair Value, Separate Account Investment [Line Items]
Separate account assets	2,224	2,116
U.S. corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	11,440	12,782
Foreign corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	3,010	3,288
Asset-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,283	1,211
Mortgage-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	14,144	14,253
Equity
Fair Value, Separate Account Investment [Line Items]
Separate account assets	90,180	88,397
Fixed Income
Fair Value, Separate Account Investment [Line Items]
Separate account assets	33,828	37,065
Other
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,439	5,587
Equity securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4,845	5,410
Commercial mortgage and other loans
Fair Value, Separate Account Investment [Line Items]
Separate account assets	54	67
Other invested assets
Fair Value, Separate Account Investment [Line Items]
Separate account assets	19,352	20,739
Short-term investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,137	1,202
Cash and cash equivalents
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 1,669	$ 2,259

Separate Accounts (Separate A_2

Separate Accounts (Separate Account Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	$ 198,888	$ 197,679
Separate account liabilities, EOP	193,372	198,888	$ 197,679
Cash surrender value	192,395	197,418	196,755
Total
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	202,033	201,322	281,516
Deposits	20,585	10,628	12,167
Investment performance	16,868	20,953	(36,485)
Policy charges	(3,796)	(3,821)	(4,111)
Surrenders and withdrawals	(31,242)	(19,477)	(19,906)
Benefit payments	(4,930)	(4,766)	(4,639)
Net transfers (to) from general account	(933)	(1,892)	1,405
Other	(1,641)	(914)	(28,625)
Separate account liabilities, EOP	196,944	202,033	201,322
Total Corporate and Other
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	(3,145)	(3,643)
Separate account liabilities, EOP	(3,572)	(3,145)	(3,643)
PGIM
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	32,648	40,056	42,020
Deposits	15,374	6,848	8,092
Investment performance	(45)	(1,045)	645
Policy charges	(69)	(81)	(68)
Surrenders and withdrawals	(14,766)	(8,109)	(6,561)
Benefit payments	(3,550)	(3,477)	(3,319)
Net transfers (to) from general account	(184)	(501)	(634)
Other	(763)	(1,043)	(119)
Separate account liabilities, EOP	28,645	32,648	40,056
Cash surrender value	28,645	32,648	40,056
Institutional Retirement Strategies | Retirement Strategies
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	11,011	11,428	14,064
Deposits	143	259	744
Investment performance	146	830	(2,256)
Policy charges	(11)	(12)	(15)
Surrenders and withdrawals	(1,050)	(660)	(3,177)
Benefit payments	(541)	(562)	(553)
Net transfers (to) from general account	(76)	(74)	2,674
Other	(314)	(198)	(53)
Separate account liabilities, EOP	9,308	11,011	11,428
Cash surrender value	9,308	11,011	11,428
Individual Retirement Strategies | Retirement Strategies
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	94,130	93,395	158,546
Deposits	606	446	700
Investment performance	8,722	12,598	(23,956)
Policy charges	(2,231)	(2,316)	(2,682)
Surrenders and withdrawals	(14,070)	(9,891)	(9,422)
Benefit payments	(87)	(95)	(95)
Net transfers (to) from general account	(102)	(17)	(282)
Other	6	10	(29,414)
Separate account liabilities, EOP	86,974	94,130	93,395
Cash surrender value	86,081	92,927	91,831
Group Insurance
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	25,021	23,513	27,097
Deposits	734	103	104
Investment performance	1,013	1,828	(3,984)
Policy charges	(317)	(337)	(332)
Surrenders and withdrawals	(370)	(52)	(34)
Benefit payments	(303)	(290)	(251)
Net transfers (to) from general account	6	44	41
Other	(658)	212	872
Separate account liabilities, EOP	25,126	25,021	23,513
Cash surrender value	25,028	24,911	23,391
Individual Life
Separate Account, Liability [Roll Forward]
Separate account liabilities, BOP	39,223	32,930	39,789
Deposits	3,728	2,972	2,527
Investment performance	7,032	6,742	(6,934)
Policy charges	(1,168)	(1,075)	(1,014)
Surrenders and withdrawals	(986)	(765)	(712)
Benefit payments	(449)	(342)	(421)
Net transfers (to) from general account	(577)	(1,344)	(394)
Other	88	105	89
Separate account liabilities, EOP	46,891	39,223	32,930
Cash surrender value	$ 43,333	$ 35,921	$ 30,049

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Balance of and Changes in DAC (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 01, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		$ 20,856	$ 20,546
Amortization expense		1,492	1,459	$ 1,433
Balance, EOP		20,448	20,856	20,546
Total
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		20,628	20,400	20,743
Capitalization		2,482	2,225	2,139
Amortization expense		(1,505)	(1,463)	(1,465)
Other Adjustments		(1,019)	(369)	(555)
Foreign currency adjustment		(476)	(165)	(462)
Balance, EOP		20,110	20,628	20,400
Other businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		228	146
Balance, EOP		338	228	146
Individual Retirement Strategies | PALAC | Deferred Policy Acquisition Cost
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		3,676	4,171	4,872
Capitalization		423	261	277
Amortization expense		(386)	(366)	(401)
Other Adjustments		0	(390)	(577)
Foreign currency adjustment		0	0	0
Balance, EOP		3,713	3,676	4,171
Term Life Insurance | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		2,237	2,288	2,372
Capitalization		186	160	127
Amortization expense		(208)	(212)	(211)
Other Adjustments		0	1	0
Foreign currency adjustment		0	0	0
Balance, EOP		2,215	2,237	2,288
Variable/ Universal Life | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		5,364	5,000	4,679
Capitalization		734	608	556
Amortization expense		(241)	(244)	(235)
Other Adjustments		(979)	0	0
Foreign currency adjustment		0	0	0
Balance, EOP		4,878	5,364	5,000
Life Planner | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		4,909	4,710	4,685
Capitalization		564	586	579
Amortization expense		(340)	(326)	(318)
Other Adjustments		(43)	20	22
Foreign currency adjustment		(336)	(81)	(258)
Balance, EOP		4,754	4,909	4,710
Gibraltar Life and Other | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		4,442	4,231	4,135
Capitalization		575	610	600
Amortization expense		(330)	(315)	(300)
Other Adjustments		3	0	0
Foreign currency adjustment		(140)	(84)	(204)
Balance, EOP		$ 4,550	$ 4,442	$ 4,231

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Balance of and Changes in DSI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP	$ 443	$ 480
Balance, EOP	406	443	$ 480
Individual Retirement Strategies | Individual Variable
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP	410	446	799
Capitalization	1	2	1
Amortization expense	(35)	(38)	(46)
Other adjustments	0	0	(308)
Balance, EOP	376	410	446
Other businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP	33	34
Balance, EOP	$ 30	$ 33	$ 34

Deferred Policy Acquisition C_5

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Balance of and Changes in VOBA (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, BOP	$ 530
Balance, EOP	435	$ 530
Gibraltar Life and Other
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, BOP	511	597	$ 746
Amortization expense	(42)	(49)	(58)
Foreign currency adjustment	(48)	(37)	(91)
Balance, EOP	421	511	597
Other businesses
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, BOP	19	24
Balance, EOP	14	19	24
Gibraltar Life and Other And Other Businesses
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, BOP	530	621
Balance, EOP	$ 435	$ 530	$ 621

Deferred Policy Acquisition C_6

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Estimated Future VOBA Amort, Net of Interest (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred Charges, Insurers [Abstract]
Estimated future VOBA amortization - 2025	$ 39
Estimated future VOBA amortization - 2026	36
Estimated future VOBA amortization - 2027	33
Estimated future VOBA amortization - 2028	30
Estimated future VOBA amortization - 2029	27
Estimated future VOBA amortization - Thereafter	270
Value of business acquired	$ 435	$ 530

Investments in Operating Join_3

Investments in Operating Joint Ventures (Investments in Operating Joint Ventures) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investment in joint ventures and other operating entities	$ 782	$ 1,192	$ 1,211
Dividends received from joint ventures and other operating entities	95	66	81
After-tax equity in earnings of joint ventures and other operating entities	$ 144	$ 49	$ (62)

Investments in Operating Join_4

Investments in Operating Joint Ventures (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Investment in joint ventures and other operating entities	$ 782	$ 1,192		$ 1,211
Prismic HoldCo
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			20%
Asset management fee income
Schedule of Equity Method Investments [Line Items]
Investment in joint ventures and other operating entities	$ 31	$ 10		$ 1

Goodwill and Other Intangible_2

Goodwill and Other Intangibles (Changes in the Book Value of Goodwill by Segment) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	$ 1,071,000,000	$ 876,000,000	$ 1,804,000,000
Acquisitions		373,000,000
Goodwill impairment pre-tax		(177,000,000)	(903,000,000)
Divestitures		(23,000,000)
Effect of foreign currency translation		22,000,000	(25,000,000)
Effect of foreign currency translation and other	(18,000,000)
Goodwill balance, End of the year	1,053,000,000	1,071,000,000	876,000,000
PGIM
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	952,000,000	549,000,000	558,000,000
Acquisitions		373,000,000
Goodwill impairment pre-tax		0	0
Divestitures		0
Effect of foreign currency translation		30,000,000	(9,000,000)
Effect of foreign currency translation and other	(6,000,000)
Goodwill balance, End of the year	946,000,000	952,000,000	549,000,000
Total International Businesses
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	108,000,000	115,000,000	130,000,000
Acquisitions		0
Goodwill impairment pre-tax	0	0	0
Divestitures		0
Effect of foreign currency translation		(7,000,000)	(15,000,000)
Effect of foreign currency translation and other	(12,000,000)
Goodwill balance, End of the year	96,000,000	108,000,000	115,000,000
Corporate and Other
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	1,000,000	202,000,000	1,106,000,000
Acquisitions		0
Goodwill impairment pre-tax		(177,000,000)	(903,000,000)
Divestitures		(23,000,000)
Effect of foreign currency translation		(1,000,000)	(1,000,000)
Effect of foreign currency translation and other	0
Goodwill balance, End of the year	1,000,000	1,000,000	202,000,000
Other
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	10,000,000	10,000,000	10,000,000
Acquisitions		0
Goodwill impairment pre-tax		0	0
Divestitures		0
Effect of foreign currency translation		0	0
Effect of foreign currency translation and other	0
Goodwill balance, End of the year	$ 10,000,000	$ 10,000,000	$ 10,000,000

Goodwill and Other Intangible_3

Goodwill and Other Intangibles (Goodwill Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Goodwill impairment pre-tax		$ 177,000,000	$ 903,000,000
International Insurance
Goodwill [Line Items]
Goodwill impairment pre-tax	$ 0	0	0
Total Corporate and Other
Goodwill [Line Items]
Goodwill impairment pre-tax		$ 177,000,000	$ 903,000,000

Goodwill and Other Intangible_4

Goodwill and Other Intangibles (Other Intangibles) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Finite and Indefinite-Lived Intangible Assets [Line Items]
Not subject to amortization	$ 41	$ 58
Total	406	506
Mortgage servicing rights
Finite and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	897	884
Accumulated Amortization	(630)	(600)
Net Carrying Amount	267	284
Customer relationships
Finite and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	260	268
Accumulated Amortization	(173)	(158)
Net Carrying Amount	87	110
Software and other
Finite and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	41	189
Accumulated Amortization	(30)	(135)
Net Carrying Amount	$ 11	$ 54

Goodwill and Other Intangible_5

Goodwill and Other Intangibles (Other Intangibles Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite and Indefinite-Lived Intangible Assets [Line Items]
Amortization expense for other intangibles	$ 80	$ 89	$ 104
Mortgage servicing rights
Finite and Indefinite-Lived Intangible Assets [Line Items]
Net Carrying Amount	267	284
Fair Value | Mortgage servicing rights
Finite and Indefinite-Lived Intangible Assets [Line Items]
Net Carrying Amount	$ 269	$ 286

Goodwill and Other Intangible_6

Goodwill and Other Intangibles (Future Amortization Expense) (Details) $ in Millions	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated future amortization expense - 2025	$ 63
Estimated future amortization expense - 2026	59
Estimated future amortization expense - 2027	53
Estimated future amortization expense - 2028	48
Estimated future amortization expense - 2029	$ 34

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Leases with options to extend	20 years
Leases with options to terminate	12 years
Operating lease costs	$ 123	$ 121	$ 133
Short-term lease costs	68	74	80
Net investment income
Income and Expenses, Lessor [Abstract]
Lease Income	69	79	85
Other income (loss)
Income and Expenses, Lessor [Abstract]
Lease Income	$ 11	$ 11	$ 12
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	24 years

Leases (Lessee Right-of-Use Ass

Leases (Lessee Right-of-Use Assets and Lease Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Right-of-use assets	$ 373	$ 286
Lease liabilities	$ 408	$ 311
Weighted average remaining lease term	9 years	5 years
Weighted average discount rate	2.58%	2.82%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities	Other Liabilities

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2025	$ 95
2026	73
2027	54
2028	42
2029	35
Thereafter	204
Total lease payments	503
Less imputed interest	(95)
Total	$ 408	$ 311

Liability for Future Policy B_3

Liability for Future Policy Benefits (Benefit Reserves) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other adjustments	[1]	$ 37	$ (337)	$ (654)
Balance, EOP, post-flooring		268,912	273,281
Nonparticipating Traditional and Limited-Pay Business
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Loss in net income				190
Gain in net income				(80)
Retirement Strategies | Institutional
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		71,407	52,620	68,791
Effect of cumulative changes in discount rate assumptions, BOP		11,869	14,349	(4,414)
Balance at original discount rate, BOP		83,276	66,969	64,377
Effect of assumption update			41	(1,117)	$ 249
Effect of actual variances from expected experience and other activity			568	540	371
Adjusted balance, BOP			83,885	66,392	64,997
Issuances		24,498	20,914	22,064
Net premiums / considerations collected		(22,206)	(10,389)	(14,765)
Interest accrual		2,896	2,233	1,640
Foreign currency adjustment		(2,002)	4,126	(6,967)
Other adjustments		0	0	0
Balance at original discount rate, EOP		87,071	83,276	66,969
Effect of cumulative changes in discount rate assumptions, EOP		(14,545)	(11,869)	(14,349)
Balance, EOP		72,526	71,407	52,620
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		141,135	117,754	142,593
Effect of cumulative changes in discount rate assumptions, BOP		14,751	20,170	(13,706)
Balance at original discount rate, BOP		155,886	137,924	128,887
Effect of assumption update			(481)	(1,289)	(187)
Effect of actual variances from expected experience and other activity			716	514	273
Adjusted balance, BOP			156,121	137,149	128,973
Issuances		24,498	20,914	22,064
Interest accrual		6,290	5,109	4,231
Benefit payments		(13,131)	(11,477)	(9,629)
Foreign currency adjustment		(2,017)	4,209	(7,180)
Other adjustments		(95)	(18)	(535)
Balance at original discount rate, EOP		171,666	155,886	137,924
Effect of cumulative changes in discount rate assumptions, EOP		(20,182)	(14,751)	(20,170)
Balance, EOP		151,484	141,135	117,754
Balance, EOP, pre-flooring		78,958	69,728	65,134
Flooring impact, EOP		68	61	1
Balance, EOP, post-flooring		79,026	69,789	65,135
Less: Reinsurance recoverable		5,057	5,539	0
Total balance after reinsurance recoverable, EOP		73,969	64,250	65,135
Retirement Strategies | Institutional | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums		145,442	134,192	103,284
Discounted expected future gross premiums (at original discount rate)		94,222	90,606	72,479
Discounted expected future gross premiums (at current discount rate)		78,237	77,520	56,950
Undiscounted expected future benefits and expenses		$ 274,071	$ 242,617	$ 209,770
Weighted-average duration of the liability in years (at original discount rate)		8 years	9 years	8 years
Weighted-average duration of the liability in years (at current discount rate)		8 years	8 years	8 years
Weighted-average interest rate (at original discount rate)		4.74%	4.62%	4.37%
Weighted-average interest rate (at current discount rate)		5.59%	5.03%	5.39%
Individual Life | Term Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		$ 11,274	$ 11,282	$ 12,971
Effect of cumulative changes in discount rate assumptions, BOP		228	572	(1,892)
Balance at original discount rate, BOP		11,502	11,854	11,079
Effect of assumption update			21	(1)	1,313
Effect of actual variances from expected experience and other activity			(228)	(223)	(139)
Adjusted balance, BOP			11,295	11,630	12,253
Issuances		857	750	476
Net premiums / considerations collected		(1,379)	(1,413)	(1,404)
Interest accrual		530	538	542
Foreign currency adjustment		0	0	0
Other adjustments		(1)	(3)	(13)
Balance at original discount rate, EOP		11,302	11,502	11,854
Effect of cumulative changes in discount rate assumptions, EOP		(578)	(228)	(572)
Balance, EOP		10,724	11,274	11,282
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		19,852	19,288	22,768
Effect of cumulative changes in discount rate assumptions, BOP		334	1,012	(3,876)
Balance at original discount rate, BOP		20,186	20,300	18,892
Effect of assumption update			21	(1)	1,777
Effect of actual variances from expected experience and other activity			(252)	(269)	(218)
Adjusted balance, BOP			19,955	20,030	20,451
Issuances		857	750	476
Interest accrual		945	944	937
Benefit payments		(1,615)	(1,522)	(1,547)
Foreign currency adjustment		0	0	0
Other adjustments		(12)	(16)	(17)
Balance at original discount rate, EOP		20,130	20,186	20,300
Effect of cumulative changes in discount rate assumptions, EOP		(1,134)	(334)	(1,012)
Balance, EOP		18,996	19,852	19,288
Balance, EOP, pre-flooring		8,272	8,578	8,006
Flooring impact, EOP		0	0	0
Balance, EOP, post-flooring		8,272	8,578	8,006
Less: Reinsurance recoverable		654	744	708
Total balance after reinsurance recoverable, EOP		7,618	7,834	7,298
Individual Life | Term Life | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums		22,947	23,083	23,526
Discounted expected future gross premiums (at original discount rate)		15,662	15,322	15,628
Discounted expected future gross premiums (at current discount rate)		14,901	15,044	14,886
Undiscounted expected future benefits and expenses		$ 31,068	$ 31,114	$ 31,412
Weighted-average duration of the liability in years (at original discount rate)		10 years	10 years	10 years
Weighted-average duration of the liability in years (at current discount rate)		9 years	10 years	10 years
Weighted-average interest rate (at original discount rate)		5.30%	5.17%	5.21%
Weighted-average interest rate (at current discount rate)		5.78%	4.99%	5.39%
International Businesses | Life Planner
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		$ 29,064	$ 30,689	$ 39,517
Effect of cumulative changes in discount rate assumptions, BOP		596	1,354	(3,516)
Balance at original discount rate, BOP		29,660	32,043	36,001
Effect of assumption update			(328)	78	(76)
Effect of actual variances from expected experience and other activity			(1,286)	(1,092)	(1,621)
Adjusted balance, BOP			28,046	31,029	34,304
Issuances		2,241	2,292	3,031
Net premiums / considerations collected		(3,671)	(3,917)	(4,149)
Interest accrual		835	889	935
Foreign currency adjustment		(1,934)	(756)	(2,220)
Other adjustments		121	123	142
Balance at original discount rate, EOP		25,638	29,660	32,043
Effect of cumulative changes in discount rate assumptions, EOP		(1,397)	(596)	(1,354)
Balance, EOP		24,241	29,064	30,689
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		79,822	78,639	109,562
Effect of cumulative changes in discount rate assumptions, BOP		563	3,719	(21,554)
Balance at original discount rate, BOP		80,385	82,358	88,008
Effect of assumption update			(106)	145	(115)
Effect of actual variances from expected experience and other activity			(1,333)	(1,030)	(1,730)
Adjusted balance, BOP			78,946	81,473	86,163
Issuances		2,241	2,292	3,031
Interest accrual		2,551	2,615	2,641
Benefit payments		(4,370)	(3,965)	(3,725)
Foreign currency adjustment		(5,251)	(2,286)	(6,043)
Other adjustments		290	256	291
Balance at original discount rate, EOP		74,407	80,385	82,358
Effect of cumulative changes in discount rate assumptions, EOP		(6,272)	(563)	(3,719)
Balance, EOP		68,135	79,822	78,639
Balance, EOP, pre-flooring		43,894	50,757	47,950
Flooring impact, EOP		24	19	106
Balance, EOP, post-flooring		43,918	50,776	48,056
Less: Reinsurance recoverable		89	102	126
Total balance after reinsurance recoverable, EOP		43,829	50,674	47,930
International Businesses | Life Planner | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums		59,857	69,238	74,196
Discounted expected future gross premiums (at original discount rate)		46,238	53,640	57,985
Discounted expected future gross premiums (at current discount rate)		44,062	53,102	56,068
Undiscounted expected future benefits and expenses		$ 126,508	$ 139,620	$ 148,331
Weighted-average duration of the liability in years (at original discount rate)		18 years	19 years	20 years
Weighted-average duration of the liability in years (at current discount rate)		16 years	19 years	19 years
Weighted-average interest rate (at original discount rate)		3.48%	3.43%	3.40%
Weighted-average interest rate (at current discount rate)		3.76%	3.06%	3.12%
International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		$ 26,367	$ 28,951	$ 37,815
Effect of cumulative changes in discount rate assumptions, BOP		622	1,326	(3,239)
Balance at original discount rate, BOP		26,989	30,277	34,576
Effect of assumption update			(535)	(175)	(176)
Effect of actual variances from expected experience and other activity			(874)	(845)	(989)
Adjusted balance, BOP			25,580	29,257	33,411
Issuances		1,113	1,583	2,370
Net premiums / considerations collected		(3,298)	(3,720)	(4,218)
Interest accrual		692	780	859
Foreign currency adjustment		(1,275)	(907)	(2,145)
Other adjustments		0	(4)	0
Balance at original discount rate, EOP		22,812	26,989	30,277
Effect of cumulative changes in discount rate assumptions, EOP		(1,202)	(622)	(1,326)
Balance, EOP		21,610	26,367	28,951
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		79,036	80,331	114,846
Effect of cumulative changes in discount rate assumptions, BOP		7,355	11,266	(13,476)
Balance at original discount rate, BOP		86,391	91,597	101,370
Effect of assumption update			(407)	44	(164)
Effect of actual variances from expected experience and other activity			(851)	(806)	(892)
Adjusted balance, BOP			85,133	90,835	100,314
Issuances		1,113	1,583	2,370
Interest accrual		2,166	2,287	2,399
Benefit payments		(4,793)	(5,057)	(5,975)
Foreign currency adjustment		(4,702)	(3,229)	(7,489)
Other adjustments		(5)	(28)	(22)
Balance at original discount rate, EOP		78,912	86,391	91,597
Effect of cumulative changes in discount rate assumptions, EOP		(11,562)	(7,355)	(11,266)
Balance, EOP		67,350	79,036	80,331
Balance, EOP, pre-flooring		45,740	52,669	51,380
Flooring impact, EOP		13	6	140
Balance, EOP, post-flooring		45,753	52,675	51,520
Less: Reinsurance recoverable		260	202	203
Total balance after reinsurance recoverable, EOP		45,493	52,473	51,317
International Businesses | Gibraltar Life and Other | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums		47,987	56,398	64,059
Discounted expected future gross premiums (at original discount rate)		38,477	45,319	50,968
Discounted expected future gross premiums (at current discount rate)		36,554	44,420	48,902
Undiscounted expected future benefits and expenses		$ 127,500	$ 141,171	$ 155,711
Weighted-average duration of the liability in years (at original discount rate)		17 years	19 years	20 years
Weighted-average duration of the liability in years (at current discount rate)		15 years	17 years	18 years
Weighted-average interest rate (at original discount rate)		2.65%	2.57%	2.50%
Weighted-average interest rate (at current discount rate)		3.65%	2.97%	2.98%
Total Corporate and Other | Long - Term Care
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		$ 3,286	$ 2,932	$ 3,585
Effect of cumulative changes in discount rate assumptions, BOP		16	103	(644)
Balance at original discount rate, BOP		3,302	3,035	2,941
Effect of assumption update			(276)	266	49
Effect of actual variances from expected experience and other activity			122	161	184
Adjusted balance, BOP			3,148	3,462	3,174
Issuances		0	0	0
Net premiums / considerations collected		(311)	(317)	(284)
Interest accrual		149	157	145
Foreign currency adjustment		0	0	0
Other adjustments		0	0	0
Balance at original discount rate, EOP		2,986	3,302	3,035
Effect of cumulative changes in discount rate assumptions, EOP		(132)	(16)	(103)
Balance, EOP		2,854	3,286	2,932
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		12,139	10,685	15,810
Effect of cumulative changes in discount rate assumptions, BOP		603	1,216	(4,482)
Balance at original discount rate, BOP		12,742	11,901	11,328
Effect of assumption update			(394)	357	49
Effect of actual variances from expected experience and other activity			99	160	208
Adjusted balance, BOP			12,447	12,418	11,585
Issuances		0	0	0
Interest accrual		606	594	554
Benefit payments		(327)	(270)	(238)
Foreign currency adjustment		0	0	0
Other adjustments		0	0	0
Balance at original discount rate, EOP		12,726	12,742	11,901
Effect of cumulative changes in discount rate assumptions, EOP		(1,548)	(603)	(1,216)
Balance, EOP		11,178	12,139	10,685
Balance, EOP, pre-flooring		8,324	8,852	7,753
Flooring impact, EOP		0	0	0
Balance, EOP, post-flooring		8,324	8,852	7,753
Less: Reinsurance recoverable		0	0	0
Total balance after reinsurance recoverable, EOP		8,324	8,852	7,753
Total Corporate and Other | Long - Term Care | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums		6,817	6,852	6,971
Discounted expected future gross premiums (at original discount rate)		4,542	4,509	4,539
Discounted expected future gross premiums (at current discount rate)		4,350	4,491	4,391
Undiscounted expected future benefits and expenses		$ 29,661	$ 30,761	$ 29,613
Weighted-average duration of the liability in years (at original discount rate)		17 years	18 years	19 years
Weighted-average duration of the liability in years (at current discount rate)		16 years	17 years	18 years
Weighted-average interest rate (at original discount rate)		4.91%	4.91%	4.91%
Weighted-average interest rate (at current discount rate)		5.85%	5.25%	5.63%
Total
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		$ 141,398	$ 126,474	$ 162,679
Effect of cumulative changes in discount rate assumptions, BOP		13,331	17,704	(13,705)
Balance at original discount rate, BOP		154,729	144,178	148,974
Effect of assumption update			(1,077)	(949)	1,359
Effect of actual variances from expected experience and other activity			(1,698)	(1,459)	(2,194)
Adjusted balance, BOP			151,954	141,770	148,139
Issuances		28,709	25,539	27,941
Net premiums / considerations collected		(30,865)	(19,756)	(24,820)
Interest accrual		5,102	4,597	4,121
Foreign currency adjustment		(5,211)	2,463	(11,332)
Other adjustments		120	116	129
Balance at original discount rate, EOP		149,809	154,729	144,178
Effect of cumulative changes in discount rate assumptions, EOP		(17,854)	(13,331)	(17,704)
Balance, EOP		131,955	141,398	126,474
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		331,984	306,697	405,579
Effect of cumulative changes in discount rate assumptions, BOP		23,606	37,383	(57,094)
Balance at original discount rate, BOP		355,590	344,080	348,485
Effect of assumption update			(1,367)	(744)	1,360
Effect of actual variances from expected experience and other activity			(1,621)	(1,431)	(2,359)
Adjusted balance, BOP			352,602	341,905	$ 347,486
Issuances		28,709	25,539	27,941
Interest accrual		12,558	11,549	10,762
Benefit payments		(24,236)	(22,291)	(21,114)
Foreign currency adjustment		(11,970)	(1,306)	(20,712)
Other adjustments		178	194	(283)
Balance at original discount rate, EOP		357,841	355,590	344,080
Effect of cumulative changes in discount rate assumptions, EOP		(40,698)	(23,606)	(37,383)
Balance, EOP		317,143	331,984	306,697
Balance, EOP, pre-flooring		185,188	190,584	180,223
Flooring impact, EOP		105	86	247
Balance, EOP, post-flooring		185,293	190,670	180,470
Less: Reinsurance recoverable		6,060	6,587	1,037
Total balance after reinsurance recoverable, EOP		179,233	184,083	179,433
Other businesses
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		86	88
Balance, EOP		93	86	88
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		1,716	1,921
Balance, EOP		1,646	1,716	1,921
Less: Reinsurance recoverable		60	69	76
Total balance after reinsurance recoverable, EOP		1,493	1,563	1,758
Total balance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP		141,484	126,562
Balance, EOP		132,048	141,484	126,562
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		333,700	308,618
Balance, EOP		318,789	333,700	308,618
Total balance after reinsurance recoverable, EOP		$ 180,726	$ 185,646	$ 181,191
[1] See Note 24 for additional information regarding related party transactions.

Liability for Future Policy B_4

Liability for Future Policy Benefits (Deferred Profit Liability) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		$ 273,281
Other adjustments	[1]	37	$ (337)	$ (654)
Balance, EOP		268,912	273,281
Retirement Strategies | Institutional
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		69,789	65,135
Flooring impact, BOP		61	1
Balance, BOP, pre-flooring		69,728	65,134
Effect of assumption update			(481)	(1,289)	$ (187)
Effect of actual variances from expected experience and other activity			716	514	273
Adjusted balance, BOP			156,121	137,149	128,973
Interest accrual		6,290	5,109	4,231
Foreign currency adjustment		(2,017)	4,209	(7,180)
Other adjustments		(95)	(18)	(535)
Balance, EOP, pre-flooring		78,958	69,728	65,134
Flooring impact, EOP		68	61	1
Balance, EOP		79,026	69,789	65,135
Less: Reinsurance recoverable		5,057	5,539	0
Total balance after reinsurance recoverable		73,969	64,250	65,135
International Businesses | Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		50,776	48,056
Flooring impact, BOP		19	106
Balance, BOP, pre-flooring		50,757	47,950
Effect of assumption update			(106)	145	(115)
Effect of actual variances from expected experience and other activity			(1,333)	(1,030)	(1,730)
Adjusted balance, BOP			78,946	81,473	86,163
Interest accrual		2,551	2,615	2,641
Foreign currency adjustment		(5,251)	(2,286)	(6,043)
Other adjustments		290	256	291
Balance, EOP, pre-flooring		43,894	50,757	47,950
Flooring impact, EOP		24	19	106
Balance, EOP		43,918	50,776	48,056
Less: Reinsurance recoverable		89	102	126
Total balance after reinsurance recoverable		43,829	50,674	47,930
International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		52,675	51,520
Flooring impact, BOP		6	140
Balance, BOP, pre-flooring		52,669	51,380
Effect of assumption update			(407)	44	(164)
Effect of actual variances from expected experience and other activity			(851)	(806)	(892)
Adjusted balance, BOP			85,133	90,835	100,314
Interest accrual		2,166	2,287	2,399
Foreign currency adjustment		(4,702)	(3,229)	(7,489)
Other adjustments		(5)	(28)	(22)
Balance, EOP, pre-flooring		45,740	52,669	51,380
Flooring impact, EOP		13	6	140
Balance, EOP		45,753	52,675	51,520
Less: Reinsurance recoverable		260	202	203
Total balance after reinsurance recoverable		45,493	52,473	51,317
Total
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		190,670	180,470
Flooring impact, BOP		86	247
Balance, BOP, pre-flooring		190,584	180,223
Effect of assumption update			(1,367)	(744)	1,360
Effect of actual variances from expected experience and other activity			(1,621)	(1,431)	(2,359)
Adjusted balance, BOP			352,602	341,905	347,486
Interest accrual		12,558	11,549	10,762
Foreign currency adjustment		(11,970)	(1,306)	(20,712)
Other adjustments		178	194	(283)
Balance, EOP, pre-flooring		185,188	190,584	180,223
Flooring impact, EOP		105	86	247
Balance, EOP		185,293	190,670	180,470
Less: Reinsurance recoverable		6,060	6,587	1,037
Total balance after reinsurance recoverable		179,233	184,083	179,433
Other businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable		60	69	76
Total balance after reinsurance recoverable		1,493	1,563	1,758
Total balance
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Total balance after reinsurance recoverable		180,726	185,646	181,191
Deferred Profit Liability | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		5,615	5,532	5,183
Flooring impact, BOP		0	0	0
Balance, BOP, pre-flooring		5,615	5,532	5,183
Effect of assumption update			370	35	382
Effect of actual variances from expected experience and other activity			(99)	21	102
Adjusted balance, BOP			5,886	5,588	5,667
Profits deferred		142	342	230
Interest accrual		236	227	214
Amortization		(588)	(565)	(548)
Foreign currency adjustment		(6)	15	(30)
Other adjustments		0	8	(1)
Balance, EOP, pre-flooring		5,670	5,615	5,532
Flooring impact, EOP		0	0	0
Balance, EOP		5,670	5,615	5,532
Less: Reinsurance recoverable		391	386	0
Total balance after reinsurance recoverable		5,279	5,229	5,532
Deferred Profit Liability | International Businesses | Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		3,956	3,379	2,741
Flooring impact, BOP		1	0	0
Balance, BOP, pre-flooring		3,955	3,379	2,741
Effect of assumption update			(150)	(67)	28
Effect of actual variances from expected experience and other activity			(20)	(14)	(1)
Adjusted balance, BOP			3,785	3,298	2,768
Profits deferred		1,530	1,674	1,725
Interest accrual		164	148	123
Amortization		(1,129)	(1,158)	(1,131)
Foreign currency adjustment		(268)	(39)	(131)
Other adjustments		32	32	25
Balance, EOP, pre-flooring		4,114	3,955	3,379
Flooring impact, EOP		1	1	0
Balance, EOP		4,115	3,956	3,379
Less: Reinsurance recoverable		9	9	8
Total balance after reinsurance recoverable		4,106	3,947	3,371
Deferred Profit Liability | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		5,303	5,261	5,014
Flooring impact, BOP		1	1	1
Balance, BOP, pre-flooring		5,302	5,260	5,013
Effect of assumption update			(138)	(228)	(5)
Effect of actual variances from expected experience and other activity			(39)	(61)	(110)
Adjusted balance, BOP			5,125	4,971	4,898
Profits deferred		1,149	1,331	1,555
Interest accrual		156	152	143
Amortization		(980)	(1,015)	(1,036)
Foreign currency adjustment		(212)	(137)	(300)
Other adjustments		0	0	0
Balance, EOP, pre-flooring		5,238	5,302	5,260
Flooring impact, EOP		1	1	1
Balance, EOP		5,239	5,303	5,261
Less: Reinsurance recoverable		31	10	10
Total balance after reinsurance recoverable		5,208	5,293	5,251
Deferred Profit Liability | Total
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP		14,874	14,172	12,938
Flooring impact, BOP		2	1	1
Balance, BOP, pre-flooring		14,872	14,171	12,937
Effect of assumption update			82	(260)	405
Effect of actual variances from expected experience and other activity			(158)	(54)	(9)
Adjusted balance, BOP			14,796	13,857	$ 13,333
Profits deferred		2,821	3,347	3,510
Interest accrual		556	527	480
Amortization		(2,697)	(2,738)	(2,715)
Foreign currency adjustment		(486)	(161)	(461)
Other adjustments		32	40	24
Balance, EOP, pre-flooring		15,022	14,872	14,171
Flooring impact, EOP		2	2	1
Balance, EOP		15,024	14,874	14,172
Less: Reinsurance recoverable		431	405	18
Total balance after reinsurance recoverable		14,593	14,469	14,154
Deferred Profit Liability | Other businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Total balance after reinsurance recoverable		161	148	183
Deferred Profit Liability | Total balance
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Total balance after reinsurance recoverable		$ 14,754	$ 14,617	$ 14,337
[1] See Note 24 for additional information regarding related party transactions.

Liability for Future Policy B_5

Liability for Future Policy Benefits (Additional Insurance Reserves) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Additional Liability, Long-Duration Insurance [Line Items]
Balance, including amounts in AOCI, BOP, post-flooring	$ 14,439	$ 12,822
Balance, including amounts in AOCI, EOP, post-flooring	$ 16,439	$ 14,439	$ 12,822
Individual Life | Gross Basis
Additional Liability, Long-Duration Insurance [Line Items]
Weighted-average duration of the liability in years (at original discount rate)	21 years	22 years	23 years
Weighted-average interest rate (at original discount rate)	3.36%	3.40%	3.38%
Total | Individual Life
Additional Liability, Long-Duration Insurance [Line Items]
Balance, including amounts in AOCI, BOP, post-flooring	$ 14,308	$ 12,684	$ 11,708
Flooring impact and amounts in AOCI	843	1,285	(909)
Balance, excluding amounts in AOCI, BOP, pre-flooring	15,151	13,969	10,799
Effect of assumption update		153	23	$ 2,200
Effect of actual variances from expected experience and other activity		266	32	(221)
Adjusted balance, BOP		15,570	14,024	$ 12,778
Assessment collected	1,251	938	973
Interest accrual	539	488	435
Benefits paid	(353)	(301)	(217)
Other adjustments	1	2	0
Balance, excluding amounts in AOCI, EOP, pre-flooring	17,008	15,151	13,969
Flooring impact and amounts in AOCI	(632)	(843)	(1,285)
Balance, including amounts in AOCI, EOP, post-flooring	16,376	14,308	12,684
Less: Reinsurance recoverable	9,543	5,852	5,075
Total balance after reinsurance recoverable	6,833	8,456	7,609
Other businesses
Additional Liability, Long-Duration Insurance [Line Items]
Total balance after reinsurance recoverable	63	131	138
Total balance
Additional Liability, Long-Duration Insurance [Line Items]
Total balance after reinsurance recoverable	$ 6,896	$ 8,587	$ 7,747

Liability for Future Policy B_6

Liability for Future Policy Benefits (Future Policy Benefits Reconciliations) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Insurance [Abstract]
Benefit reserves, EOP, post-flooring	$ 186,846	$ 192,302	$ 182,304
Deferred profit liability, EOP, post-flooring	15,185	15,022	14,356
Additional insurance reserves, including amounts in AOCI, EOP, post-flooring	16,439	14,439	12,822
Subtotal of amounts disclosed above	218,470	221,763	209,482
Other Future Policy Benefits reserves	50,442	51,518	52,291
Future policy benefits	$ 268,912	$ 273,281	$ 261,773

Liability for Future Policy B_7

Liability for Future Policy Benefits (Revenue and Interest Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Benefit reserves | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	$ 22,814	$ 11,156	$ 15,427
Interest Expense	3,394	2,876	2,591
Benefit reserves | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,892	1,848	1,875
Interest Expense	415	406	395
Benefit reserves | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	0
Interest Expense	0	0	0
Benefit reserves | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	5,616	6,199	6,731
Interest Expense	1,717	1,726	1,706
Benefit reserves | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	5,445	6,154	6,987
Interest Expense	1,474	1,507	1,540
Benefit reserves | Other businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	557	540	522
Interest Expense	505	490	464
Benefit reserves | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	36,324	25,897	31,542
Interest Expense	7,505	7,005	6,696
Deferred Profit Liability | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(61)	(68)	(378)
Interest Expense	236	227	214
Deferred Profit Liability | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	0
Interest Expense	0	0	0
Deferred Profit Liability | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	0
Interest Expense	0	0	0
Deferred Profit Liability | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(428)	(615)	(773)
Interest Expense	164	148	123
Deferred Profit Liability | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(148)	(179)	(547)
Interest Expense	156	152	143
Deferred Profit Liability | Other businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(12)	34	42
Interest Expense	4	4	6
Deferred Profit Liability | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(649)	(828)	(1,656)
Interest Expense	560	531	486
Additional insurance reserves | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	0
Interest Expense	0	0	0
Additional insurance reserves | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	0
Interest Expense	0	0	0
Additional insurance reserves | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,458	2,947	2,678
Interest Expense	539	488	435
Additional insurance reserves | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	1
Interest Expense	1	2	3
Additional insurance reserves | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	0
Interest Expense	0	0	0
Additional insurance reserves | Other businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0	0
Interest Expense	0	0	0
Additional insurance reserves | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,458	2,947	2,679
Interest Expense	540	490	438
Revenues | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	22,753	11,088	15,049
Revenues | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,892	1,848	1,875
Revenues | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,458	2,947	2,678
Revenues | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	5,188	5,584	5,959
Revenues | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	5,297	5,975	6,440
Revenues | Other businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	545	574	564
Revenues | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	39,133	28,016	32,565
Interest Expense | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Interest Expense	3,630	3,103	2,805
Interest Expense | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest Expense	415	406	395
Interest Expense | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest Expense	539	488	435
Interest Expense | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Interest Expense	1,882	1,876	1,832
Interest Expense | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Interest Expense	1,630	1,659	1,683
Interest Expense | Other businesses
Liability for Future Policy Benefit, Activity [Line Items]
Interest Expense	509	494	470
Interest Expense | Total
Liability for Future Policy Benefit, Activity [Line Items]
Interest Expense	$ 8,605	$ 8,026	$ 7,620

Policyholders' Account Balanc_3

Policyholders' Account Balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	$ 147,018	$ 135,624
Policyholder Account Balance, Interest Expense	4,582	3,983	$ 2,193
Total Policyholders' account balance	166,254	147,018	135,624
Closed Block Division	4,359	4,500	4,607
Policyholder Account Balance, Unearned Revenue Reserve, Unearned Expense Credit, And Additional Interest Reserve	6,009	5,326	4,581
Other	$ 3,853	$ 4,463	$ 8,059
Weighted-average crediting rate	2.99%	2.78%	2.32%
Net amount at risk	$ 500,684	$ 480,986	$ 462,615
Cash surrender value	138,670	117,561	103,049
Total
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	132,729	118,377	117,470
Deposits	33,370	25,641	20,874
Policyholder Account Balance, Interest Expense	4,252	3,494	2,384
Dispositions	(336)	0	(1,845)
Policy charges	(2,992)	(2,955)	(2,785)
Surrenders and withdrawals	(13,012)	(11,485)	(11,750)
Benefit payments	(3,256)	(3,150)	(3,246)
Net transfers (to) from separate account	729	1,379	654
Change in market value and other adjustments	2,693	2,598	(286)
Foreign currency adjustment	(2,144)	(1,170)	(3,093)
Balance, end of period	152,033	132,729	118,377
Total Policyholders' account balance		132,729	118,377
Institutional
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	9,684	9,855
Total Policyholders' account balance	9,262	9,684	9,855
Institutional | Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	17,738	17,376	16,391
Deposits	7,106	5,657	6,083
Policyholder Account Balance, Interest Expense	757	677	561
Dispositions	0	0	0
Policy charges	(11)	(23)	(22)
Surrenders and withdrawals	(5,895)	(5,290)	(5,075)
Benefit payments	(607)	(659)	(562)
Net transfers (to) from separate account	0	0	0
Change in market value and other adjustments	0	0	0
Foreign currency adjustment	0	0	0
Balance, end of period	$ 19,088	17,738	17,376
Total Policyholders' account balance		$ 17,738	$ 17,376
Weighted-average crediting rate	4.11%	3.85%	3.33%
Net amount at risk	$ 0	$ 0	$ 0
Cash surrender value	19,058	17,738	17,376
Individual Variable
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	4,051	4,592
Total Policyholders' account balance	3,531	4,051	4,592
Individual Variable | Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	23,765	17,524	14,125
Deposits	8,318	4,638	4,777
Policyholder Account Balance, Interest Expense	511	305	211
Dispositions	0	0	(1,405)
Policy charges	(33)	(24)	(6)
Surrenders and withdrawals	(919)	(704)	(372)
Benefit payments	(85)	(76)	(92)
Net transfers (to) from separate account	122	34	246
Change in market value and other adjustments	2,406	2,068	40
Foreign currency adjustment	0	0	0
Balance, end of period	$ 34,085	23,765	17,524
Total Policyholders' account balance		$ 23,765	$ 17,524
Weighted-average crediting rate	1.77%	1.48%	1.34%
Net amount at risk	$ 0	$ 0	$ 0
Cash surrender value	32,501	21,640	15,297
Individual Fixed
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	3,121	2,032
Total Policyholders' account balance	5,690	3,121	2,032
Individual Fixed | Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	7,095	4,643	4,652
Deposits	5,266	2,659	753
Policyholder Account Balance, Interest Expense	252	129	87
Dispositions	0	0	(440)
Policy charges	(5)	(9)	(5)
Surrenders and withdrawals	(719)	(414)	(163)
Benefit payments	(79)	(76)	(176)
Net transfers (to) from separate account	0	0	0
Change in market value and other adjustments	210	163	(65)
Foreign currency adjustment	0	0	0
Balance, end of period	$ 12,020	7,095	4,643
Total Policyholders' account balance		$ 7,095	$ 4,643
Weighted-average crediting rate	2.64%	2.21%	1.88%
Net amount at risk	$ 0	$ 0	$ 0
Cash surrender value	10,305	5,827	3,581
Life/Disability | Group Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	5,293	5,839	6,273
Deposits	1,313	1,212	1,233
Policyholder Account Balance, Interest Expense	148	165	153
Dispositions	0	0	0
Policy charges	(322)	(323)	(322)
Surrenders and withdrawals	(1,452)	(1,552)	(1,457)
Benefit payments	0	0	0
Net transfers (to) from separate account	(6)	(48)	(41)
Change in market value and other adjustments	0	0	0
Foreign currency adjustment	0	0	0
Balance, end of period	$ 4,974	5,293	5,839
Total Policyholders' account balance		$ 5,293	$ 5,839
Weighted-average crediting rate	2.88%	2.96%	2.53%
Net amount at risk	$ 73,259	$ 72,858	$ 70,574
Cash surrender value	3,892	4,021	4,147
Variable/ Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	24,064	23,753
Total Policyholders' account balance	23,801	24,064	23,753
Variable/ Universal Life | Individual Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	27,439	26,502	26,859
Deposits	2,505	2,447	2,551
Policyholder Account Balance, Interest Expense	774	773	816
Dispositions	0	0	0
Policy charges	(2,051)	(2,047)	(2,040)
Surrenders and withdrawals	(1,654)	(1,820)	(1,657)
Benefit payments	(137)	(154)	(197)
Net transfers (to) from separate account	613	1,393	449
Change in market value and other adjustments	107	345	(279)
Foreign currency adjustment	0	0	0
Balance, end of period	$ 27,596	27,439	26,502
Total Policyholders' account balance		$ 27,439	$ 26,502
Weighted-average crediting rate	2.81%	2.87%	3.06%
Net amount at risk	$ 400,990	$ 382,399	$ 367,698
Cash surrender value	23,886	23,234	21,766
Life Planner
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	8,334	7,099
Total Policyholders' account balance	8,730	8,334	7,099
Life Planner | International Businesses
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	12,949	11,168	11,555
Deposits	1,974	2,417	1,499
Policyholder Account Balance, Interest Expense	867	709	38
Dispositions	(336)	0	0
Policy charges	(330)	(312)	(216)
Surrenders and withdrawals	(817)	(218)	(210)
Benefit payments	(264)	(266)	(253)
Net transfers (to) from separate account	0	0	0
Change in market value and other adjustments	(17)	31	28
Foreign currency adjustment	(967)	(580)	(1,273)
Balance, end of period	$ 13,059	12,949	11,168
Total Policyholders' account balance		$ 12,949	$ 11,168
Weighted-average crediting rate	6.67%	5.88%	3.41%
Net amount at risk	$ 20,307	$ 19,276	$ 17,205
Cash surrender value	12,191	11,268	9,612
Gibraltar Life and Other
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	38,311	35,072
Total Policyholders' account balance	41,054	38,311	35,072
Gibraltar Life and Other | International Businesses
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	38,450	35,325	37,615
Deposits	6,888	6,611	3,978
Policyholder Account Balance, Interest Expense	943	736	518
Dispositions	0	0	0
Policy charges	(240)	(217)	(174)
Surrenders and withdrawals	(1,556)	(1,487)	(2,816)
Benefit payments	(2,084)	(1,919)	(1,966)
Net transfers (to) from separate account	0	0	0
Change in market value and other adjustments	(13)	(9)	(10)
Foreign currency adjustment	(1,177)	(590)	(1,820)
Balance, end of period	$ 41,211	38,450	35,325
Total Policyholders' account balance		$ 38,450	$ 35,325
Weighted-average crediting rate	2.37%	1.99%	1.42%
Net amount at risk	$ 6,128	$ 6,453	$ 7,138
Cash surrender value	36,837	33,833	31,270
Full Service | Corporate and Other
Additional Liability, Long-Duration Insurance [Roll Forward]
Policyholder Account Balance, Reinsurance Recoverable, after Allowance	$ 5,099	$ 5,479	$ 8,133

Policyholders' Account Balanc_4

Policyholders' Account Balances (Guaranteed Minimum Crediting Rate) (Details) $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) Rate	Dec. 31, 2022 USD ($) Rate
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 166,254	$ 147,018	$ 135,624
1 - 50 bps above guaranteed minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, above Guaranteed Minimum Crediting Rate	1	1	1
1 - 50 bps above guaranteed minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, above Guaranteed Minimum Crediting Rate	50	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
51 - 150 bps above guaranteed minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, above Guaranteed Minimum Crediting Rate	150	150	150
Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, above Guaranteed Minimum Crediting Rate	150	150	150
Institutional
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 9,262	$ 9,684	$ 9,855
Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	9,262	9,684	9,855
Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Institutional | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Individual Variable
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3,531	4,051	4,592
Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,065	3,192	3,688
Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	805	826	874
Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	661	33	30
Individual Variable | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Individual Fixed
Policyholder Account Balance [Line Items]
Policyholder Account Balance	5,690	3,121	2,032
Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3,157	1,492	1,582
Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	635	602	117
Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	788	813	250
Individual Fixed | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,110	214	83
Group Insurance
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,548	2,842	3,285
Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,509	1,645	1,721
Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	15	0	0
Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	41	0	0
Group Insurance | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	983	1,197	1,564
Variable/ Universal Life
Policyholder Account Balance [Line Items]
Policyholder Account Balance	23,801	24,064	23,753
Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	11,812	10,144	14,215
Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3,395	5,537	153
Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,309	6,843	5,468
Variable/ Universal Life | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,285	1,540	3,917
Life Planner
Policyholder Account Balance [Line Items]
Policyholder Account Balance	8,730	8,334	7,099
Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	5,598	6,178	6,551
Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	68	71	51
Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	80	89	93
Life Planner | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,984	1,996	404
Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Policyholder Account Balance	41,054	38,311	35,072
Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	40,706	37,902	34,684
Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	319	373	345
Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	29	36	43
Gibraltar Life and Other | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Institutional
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 401	$ 589	$ 401
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
Less than 1.00% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 401	$ 589	$ 401
Less than 1.00% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Institutional | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Individual Variable
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,279	$ 1,733	$ 1,889
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
Less than 1.00% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 129	$ 908	$ 1,009
Less than 1.00% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	503	807	861
Less than 1.00% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	647	18	19
Less than 1.00% | Individual Variable | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Individual Fixed
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,037	$ 118	$ 0
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
Less than 1.00% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 0	$ 0	$ 0
Less than 1.00% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3	0	0
Less than 1.00% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	12	1	0
Less than 1.00% | Individual Fixed | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,022	117	0
Less than 1.00% | Group Insurance
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 959	$ 1,147	$ 1,564
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
Less than 1.00% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 0	$ 0	$ 0
Less than 1.00% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Group Insurance | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	959	1,147	1,564
Less than 1.00% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 324	$ 368	$ 12
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
Less than 1.00% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 7	$ 0	$ 12
Less than 1.00% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Variable/ Universal Life | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	317	368	0
Less than 1.00% | Life Planner
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 3,393	$ 2,459	$ 880
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
Less than 1.00% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 288	$ 331	$ 356
Less than 1.00% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	41	43	27
Less than 1.00% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	80	89	93
Less than 1.00% | Life Planner | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,984	1,996	404
Less than 1.00% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 15,268	$ 15,975	$ 17,485
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
Less than 1.00% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 15,268	$ 15,975	$ 17,485
Less than 1.00% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Less than 1.00% | Gibraltar Life and Other | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Institutional
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,552	$ 1,552	$ 1,575
1.00% - 1.99% | Institutional | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
1.00% - 1.99% | Institutional | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1.99%	1.99%	1.99%
1.00% - 1.99% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,552	$ 1,552	$ 1,575
1.00% - 1.99% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Institutional | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Individual Variable
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 421	$ 221	$ 249
1.00% - 1.99% | Individual Variable | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
1.00% - 1.99% | Individual Variable | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1.99%	1.99%	1.99%
1.00% - 1.99% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 124	$ 218	$ 246
1.00% - 1.99% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	295	2	2
1.00% - 1.99% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2	1	1
1.00% - 1.99% | Individual Variable | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Individual Fixed
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 821	$ 978	$ 1,060
1.00% - 1.99% | Individual Fixed | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
1.00% - 1.99% | Individual Fixed | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1.99%	1.99%	1.99%
1.00% - 1.99% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 461	$ 526	$ 614
1.00% - 1.99% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	83	122	113
1.00% - 1.99% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	208	250	250
1.00% - 1.99% | Individual Fixed | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	69	80	83
1.00% - 1.99% | Group Insurance
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 5	$ 0	$ 7
1.00% - 1.99% | Group Insurance | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
1.00% - 1.99% | Group Insurance | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1.99%	1.99%	1.99%
1.00% - 1.99% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 0	$ 0	$ 7
1.00% - 1.99% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3	0	0
1.00% - 1.99% | Group Insurance | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2	0	0
1.00% - 1.99% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 4,041	$ 3,602	$ 3,122
1.00% - 1.99% | Variable/ Universal Life | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
1.00% - 1.99% | Variable/ Universal Life | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1.99%	1.99%	1.99%
1.00% - 1.99% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 290	$ 201	$ 420
1.00% - 1.99% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,238	2,588	774
1.00% - 1.99% | Variable/ Universal Life | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,513	813	1,928
1.00% - 1.99% | Life Planner
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 2,680	$ 2,997	$ 3,199
1.00% - 1.99% | Life Planner | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
1.00% - 1.99% | Life Planner | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1.99%	1.99%	1.99%
1.00% - 1.99% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 2,653	$ 2,969	$ 3,175
1.00% - 1.99% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	27	28	24
1.00% - 1.99% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Life Planner | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 7,830	$ 9,079	$ 10,064
1.00% - 1.99% | Gibraltar Life and Other | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1%	1%	1%
1.00% - 1.99% | Gibraltar Life and Other | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	1.99%	1.99%	1.99%
1.00% - 1.99% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 7,778	$ 9,016	$ 10,064
1.00% - 1.99% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	52	63	0
1.00% - 1.99% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
1.00% - 1.99% | Gibraltar Life and Other | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Institutional
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 79	$ 596	$ 672
2.00% - 2.99% | Institutional | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2%	2%	2%
2.00% - 2.99% | Institutional | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2.99%	2.99%	2.99%
2.00% - 2.99% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 79	$ 596	$ 672
2.00% - 2.99% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Institutional | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Individual Variable
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 29	$ 37	$ 34
2.00% - 2.99% | Individual Variable | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2%	2%	2%
2.00% - 2.99% | Individual Variable | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2.99%	2.99%	2.99%
2.00% - 2.99% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 21	$ 29	$ 33
2.00% - 2.99% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	4	4	1
2.00% - 2.99% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	4	4	0
2.00% - 2.99% | Individual Variable | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Individual Fixed
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,576	$ 1,598	$ 474
2.00% - 2.99% | Individual Fixed | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2%	2%	2%
2.00% - 2.99% | Individual Fixed | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2.99%	2.99%	2.99%
2.00% - 2.99% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 538	$ 550	$ 474
2.00% - 2.99% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	465	469	0
2.00% - 2.99% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	557	562	0
2.00% - 2.99% | Individual Fixed | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	16	17	0
2.00% - 2.99% | Group Insurance
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 39	$ 29	$ 53
2.00% - 2.99% | Group Insurance | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2%	2%	2%
2.00% - 2.99% | Group Insurance | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2.99%	2.99%	2.99%
2.00% - 2.99% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 24	$ 29	$ 53
2.00% - 2.99% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	15	0	0
2.00% - 2.99% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Group Insurance | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 4,870	$ 4,759	$ 4,781
2.00% - 2.99% | Variable/ Universal Life | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2%	2%	2%
2.00% - 2.99% | Variable/ Universal Life | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2.99%	2.99%	2.99%
2.00% - 2.99% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 33	$ 30	$ 402
2.00% - 2.99% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,668	1,445	121
2.00% - 2.99% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,750	2,944	2,414
2.00% - 2.99% | Variable/ Universal Life | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	419	340	1,844
2.00% - 2.99% | Life Planner
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,901	$ 2,124	$ 2,285
2.00% - 2.99% | Life Planner | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2%	2%	2%
2.00% - 2.99% | Life Planner | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2.99%	2.99%	2.99%
2.00% - 2.99% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,901	$ 2,124	$ 2,285
2.00% - 2.99% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Life Planner | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
2.00% - 2.99% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 2,941	$ 3,460	$ 3,665
2.00% - 2.99% | Gibraltar Life and Other | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2%	2%	2%
2.00% - 2.99% | Gibraltar Life and Other | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	2.99%	2.99%	2.99%
2.00% - 2.99% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 2,645	$ 3,114	$ 3,277
2.00% - 2.99% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	267	310	345
2.00% - 2.99% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	29	36	43
2.00% - 2.99% | Gibraltar Life and Other | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Institutional
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 3,889	$ 5,041	$ 5,697
3.00% - 4.00% | Institutional | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	3%	3%	3%
3.00% - 4.00% | Institutional | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
3.00% - 4.00% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 3,889	$ 5,041	$ 5,697
3.00% - 4.00% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Institutional | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Individual Variable
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,719	$ 1,965	$ 2,309
3.00% - 4.00% | Individual Variable | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	3%	3%	3%
3.00% - 4.00% | Individual Variable | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
3.00% - 4.00% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,708	$ 1,942	$ 2,289
3.00% - 4.00% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3	13	10
3.00% - 4.00% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	8	10	10
3.00% - 4.00% | Individual Variable | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Individual Fixed
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 2,172	$ 332	$ 393
3.00% - 4.00% | Individual Fixed | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	3%	3%	3%
3.00% - 4.00% | Individual Fixed | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
3.00% - 4.00% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 2,074	$ 321	$ 389
3.00% - 4.00% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	84	11	4
3.00% - 4.00% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	11	0	0
3.00% - 4.00% | Individual Fixed | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3	0	0
3.00% - 4.00% | Group Insurance
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,542	$ 1,593	$ 1,658
3.00% - 4.00% | Group Insurance | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	3%	3%	3%
3.00% - 4.00% | Group Insurance | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
3.00% - 4.00% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 1,482	$ 1,543	$ 1,658
3.00% - 4.00% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	38	0	0
3.00% - 4.00% | Group Insurance | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	22	50	0
3.00% - 4.00% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 9,182	$ 9,844	$ 10,244
3.00% - 4.00% | Variable/ Universal Life | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	3%	3%	3%
3.00% - 4.00% | Variable/ Universal Life | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
3.00% - 4.00% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 6,098	$ 4,422	$ 7,787
3.00% - 4.00% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,727	4,092	32
3.00% - 4.00% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,321	1,311	2,280
3.00% - 4.00% | Variable/ Universal Life | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	36	19	145
3.00% - 4.00% | Life Planner
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 372	$ 354	$ 330
3.00% - 4.00% | Life Planner | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	3%	3%	3%
3.00% - 4.00% | Life Planner | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
3.00% - 4.00% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 372	$ 354	$ 330
3.00% - 4.00% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Life Planner | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 6,327	$ 4,378	$ 2,555
3.00% - 4.00% | Gibraltar Life and Other | Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	3%	3%	3%
3.00% - 4.00% | Gibraltar Life and Other | Maximum
Policyholder Account Balance [Line Items]
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
3.00% - 4.00% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 6,327	$ 4,378	$ 2,555
3.00% - 4.00% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
3.00% - 4.00% | Gibraltar Life and Other | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Institutional
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 3,341	$ 1,906	$ 1,510
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
Greater than 4.00% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 3,341	$ 1,906	$ 1,510
Greater than 4.00% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Institutional | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Individual Variable
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 83	$ 95	$ 111
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
Greater than 4.00% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 83	$ 95	$ 111
Greater than 4.00% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Individual Variable | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Individual Fixed
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 84	$ 95	$ 105
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
Greater than 4.00% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 84	$ 95	$ 105
Greater than 4.00% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Individual Fixed | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Group Insurance
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 3	$ 73	$ 3
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
Greater than 4.00% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 3	$ 73	$ 3
Greater than 4.00% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Group Insurance | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 5,384	$ 5,491	$ 5,594
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
Greater than 4.00% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 5,384	$ 5,491	$ 5,594
Greater than 4.00% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Variable/ Universal Life | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Life Planner
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 384	$ 400	$ 405
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
Greater than 4.00% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 384	$ 400	$ 405
Greater than 4.00% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Life Planner | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 8,688	$ 5,419	$ 1,303
Policyholder Account Balance, Guaranteed Minimum Credit Rating	4%	4%	4%
Greater than 4.00% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 8,688	$ 5,419	$ 1,303
Greater than 4.00% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0	0
Greater than 4.00% | Gibraltar Life and Other | Greater Than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 0	$ 0	$ 0

Policyholders' Liabilities (Add

Policyholders' Liabilities (Additional Insurance Reserves) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	$ 4,613	$ 3,983	$ 3,357
Unearned revenue	872	841	815
Amortization expense	(240)	(211)	(189)
Other adjustments	0	0	0
FX adjustment	0	0	0
Balance, end of period	5,245	4,613	3,983
International Businesses | Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	359	231	181
Unearned revenue	141	147	67
Amortization expense	(17)	(10)	(5)
Other adjustments	(57)	3	5
FX adjustment	(23)	(12)	(17)
Balance, end of period	403	359	231
International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	95	81	68
Unearned revenue	20	22	24
Amortization expense	(5)	(5)	(6)
Other adjustments	(1)	0	1
FX adjustment	(7)	(3)	(6)
Balance, end of period	102	95	81
Total
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	5,067	4,295	3,606
Unearned revenue	1,033	1,010	906
Amortization expense	(262)	(226)	(200)
Other adjustments	(58)	3	6
FX adjustment	(30)	(15)	(23)
Balance, end of period	5,750	5,067	4,295
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	49	51
Balance, end of period	59	49	51
Total balance
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	5,116	4,346
Balance, end of period	$ 5,809	$ 5,116	$ 4,346

Policyholders' Account Balanc_5

Policyholders' Account Balances - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 166,254	$ 147,018	$ 135,624
Medium-Term Note | FANIP
Policyholder Account Balance [Line Items]
Capacity	15,000
Debt Instrument, Face Amount	$ 3,486	3,474	2,968
Medium-Term Note | FANIP | Minimum
Policyholder Account Balance [Line Items]
Interest Rate	0%
Maturities	3 months
Medium-Term Note | FANIP | Maximum
Policyholder Account Balance [Line Items]
Interest Rate	5.60%
Maturities	7 years
Commercial paper | FANIP
Policyholder Account Balance [Line Items]
Capacity	$ 6,000
Debt Instrument, Face Amount	$ 2,086	2,156	2,130
Commercial paper | FANIP | Minimum
Policyholder Account Balance [Line Items]
Interest Rate	0%
Maturities	3 months
Commercial paper | FANIP | Maximum
Policyholder Account Balance [Line Items]
Interest Rate	5.60%
Maturities	7 years
Secured debt | FHLBNY
Policyholder Account Balance [Line Items]
Debt Instrument, Face Amount	$ 2,628	2,628	2,628
Secured debt | FHLBNY | Minimum
Policyholder Account Balance [Line Items]
Interest Rate	1.925%
Secured debt | FHLBNY | Maximum
Policyholder Account Balance [Line Items]
Interest Rate	4.51%
Maturities	7 years
Institutional Retirement Strategies And Life Planner | FANIP
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 5,547	$ 5,597	$ 5,064

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of Balances for Variable Annuity Products (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 01, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Market Risk Benefit [Line Items]
Market risk benefit, beginning balance		$ 3,486	$ 5,064
Balance, EOP		2,124	3,486	$ 5,064
Net amount at risk		$ 9,285	$ 9,753	$ 13,180
Weighted-average attained age of contractholders (in years)		71 years	70 years	69 years
Individual Retirement Strategies
Market Risk Benefit [Line Items]
Market risk benefit, beginning balance		$ 4,038	$ 4,987	$ 13,392
Effect of cumulative changes in NPR		1,137	1,828	898
Balance, BOP, before effect of changes in NPR		5,175	6,815	14,290
Attributed fees collected		1,122	1,186	1,339
Claims paid		(79)	(114)	(99)
Interest accrual		246	317	157
Actual in force different from expected		47	80	126
Effect of changes in interest rates		(1,493)	(1,480)	(8,374)
Effect of changes in equity markets		(1,745)	(1,952)	3,522
Effect of assumption update		93	342	(152)
Issuances		72	23	0
Other Adjustments		(26)	(42)	(3,994)
Balance, EOP, before effect of changes in NPR		3,412	5,175	6,815
Effect of cumulative changes in NPR		(672)	(1,137)	(1,828)
Less: Reinsured MRBs		654	616	24
Balance, EOP, net of reinsurance		2,086	3,422	4,963
Balance, EOP		2,740	4,038	4,987
Other businesses
Market Risk Benefit [Line Items]
Balance, EOP, net of reinsurance		$ 38	$ 64	$ 101
Market Risk Benefit | Individual Retirement Strategies | PALAC
Market Risk Benefit [Line Items]
Business Disposition	$ (4,061)

Market Risk Benefits - Market R

Market Risk Benefits - Market Risk Benefits In Asset and Liability Positions (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Direct and assumed	$ 1,525	$ 1,232	$ 872
Ceded	806	749	(72)
Total MRB assets	2,331	1,981	800
Direct and assumed	4,305	5,337	5,964
Ceded	150	130	(100)
Total MRB liabilities	4,455	5,467	5,864
Net Liability	2,124	3,486	5,064
Individual Variable | Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Direct and assumed	1,516	1,221	863
Ceded	804	746	(76)
Total MRB assets	2,320	1,967	787
Direct and assumed	4,256	5,259	5,850
Ceded	150	130	(100)
Total MRB liabilities	4,406	5,389	5,750
Net Liability	2,086	3,422	4,963
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Direct and assumed	9	11	9
Ceded	2	3	4
Total MRB assets	11	14	13
Direct and assumed	49	78	114
Ceded	0	0	0
Total MRB liabilities	49	78	114
Net Liability	$ 38	$ 64	$ 101

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) $ in Millions

12 Months Ended

21 Months Ended

Oct. 01, 2024 USD ($)

Jan. 01, 2024 USD ($)

Sep. 01, 2023 USD ($)

Apr. 01, 2023 USD ($)

Apr. 01, 2022

Apr. 01, 2015

Jan. 02, 2013 USD ($) subsidiary policy

Dec. 31, 2024 USD ($) company

Dec. 31, 2020 USD ($)

Dec. 31, 2013 USD ($)

Dec. 31, 2000 USD ($)

Dec. 31, 2016 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2021 counterparty

May 31, 2018 counterparty

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

67%

Deposit Assets

$ 11,194

$ 10,574

Number of major reinsurance companies | company

4

Geographic Distribution, Domestic

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance, retention policy, amount retained per life

$ 10

$ 20

$ 30

Hartford Life Business

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, amount retained per event

$ 141,000

Business acquisition through reinsurance transactions, number of subsidiaries of acquiree | subsidiary

3

Business acquisition number of life insurance policies acquired reinsurance | policy

700,000

Number Of Counterparties | counterparty

2

Prismic Re

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Deposit Assets

$ 3,578

3,771

Reinsurance Payable

7,796

8,543

Reinsured Amount

$ 9,000

Deferred reinsurance loss

$ (342)

Prismic Re | Structured Settlement Annuity

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

70%

Prismic Re | Coinsurance with funds witheld

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

90%

Prismic Re | Coinsurance

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

10%

AuguStar

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsured Amount

$ 10,000

Deferred Reinsurance Gain

$ 309

AuguStar | Separate account liabilities under MODCO

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

100%

AuguStar | General account liabilities under MODCO

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

100%

AuguStar | Variable Annuity

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

10%

Empower | Separate account liabilities under MODCO

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

100%

Empower | General account liabilities under MODCO

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

100%

Union Hamilton | 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

Allstate

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Number Of Counterparties | counterparty

2

Somerset Re

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Deposit Assets

2,795

1,619

Reinsurance Payable

$ 2,595

$ 1,518

Deferred Reinsurance Gain

$ 363

Somerset Re | Universal Life

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

30%

Wilton Re

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Deferred reinsurance loss

$ (980)

Wilton Re | Universal Life

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]

Reinsurance retention policy, reinsured risk percentage

40%

Reinsurance (Reinsurance Amount

Reinsurance (Reinsurance Amounts Included in the Consolidated Statements of Operations) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reinsurance Disclosures [Abstract]
Direct premiums		$ 39,222	$ 29,475	$ 34,721
Reinsurance assumed		6,167	5,005	4,072
Reinsurance ceded		(2,492)	(7,116)	(2,318)
Premiums	[1]	42,897	27,364	36,475
Direct policy charges and fee income		4,629	3,933	3,916
Reinsurance assumed		1,188	1,228	1,247
Reinsurance ceded		(1,519)	(634)	(548)
Policy charges and fee income		4,298	4,527	4,615
Direct change in value of market risk benefits, net of related hedging gains (losses)		(405)	123	(308)
Reinsurance assumed		134	120	21
Reinsurance ceded		(126)	(187)	(122)
Change in value of market risk benefits, net of related hedging gains (losses)		(397)	56	(409)
Direct policyholders’ benefits		43,743	32,044	38,081
Reinsurance assumed		7,722	7,128	5,900
Reinsurance ceded		(4,346)	(8,241)	(3,165)
Policyholders’ benefits	[1]	47,119	30,931	40,816
Direct change in estimates of liability for future policy benefits		112	447	1,504
Reinsurance assumed		78	(147)	471
Reinsurance ceded		(227)	37	(1,321)
Change in estimates of liability for future policy benefits	[1]	$ (37)	$ 337	$ 654
[1] See Note 24 for additional information regarding related party transactions.

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverables) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	$ 26,486	$ 16,737
Deposit Assets	11,194	10,574
Reinsurance recoverables net of loss allowance	(12)	(12)
Individual and group annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	6,987	7,516
Life insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	19,098	8,806
Other reinsurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	401	415
Hartford Life Business | Life insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	2,033	2,090
Reinsurance Payable	1,387	1,396
Prismic Re
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Deposit Assets	3,578	3,771
Reinsurance Payable	7,796	8,543
Prismic Re | Individual and group annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	5,506	5,981
FLIAC | Individual and group annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	1,442	1,485
Somerset Re
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Deposit Assets	2,795	1,619
Reinsurance Payable	2,595	$ 1,518
Somerset Re | Life insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	1,591
Wilton Re | Life insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	$ 7,478

Closed Block (Narrative) (Detai

Closed Block (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023	Jan. 01, 2022
Policyholders’ dividend obligation	$ 0	$ 792		$ 792	$ 0
Increase (decrease) in liability	(109)	(77)	$ (30)
Income (loss) before income taxes and equity in earnings of operating joint ventures	3,209	3,072	$ (1,892)
Excess Of Actual Cumulative Earnings Over Expected Cumulative Earnings
Policyholders’ dividend obligation	2,096	2,873
Accumulated Net Unrealized Investment Gain (Loss) Pre Tax
Policyholders’ dividend obligation	$ 0	$ 2,081

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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023	Jan. 01, 2022
Closed Block liabilities
Future policy benefits	$ 42,464	$ 43,587
Policyholders’ dividends payable	688	648
Policyholders’ dividend obligation	0	792		$ 792	$ 0
Policyholders’ account balances	4,359	4,500	$ 4,607
Other Closed Block liabilities	3,346	3,605
Total Closed Block liabilities	50,857	53,132
Closed Block assets
Fixed maturities, available-for-sale, at fair value	28,570	30,314
Fixed maturities, trading, at fair value	647	887
Equity securities, at fair value	1,642	1,970
Commercial mortgage and other loans	7,652	7,769
Policy loans	3,348	3,479
Other invested assets	4,929	4,513
Short-term investments	520	232
Total investments	47,308	49,164
Cash and cash equivalents	400	993
Accrued investment income	403	421
Other Closed Block assets	367	138
Total Closed Block assets	48,478	50,716
Cumulative-effect adjustment from the adoption of ASU 2016-01	109	77	$ 30
Excess of reported Closed Block liabilities over Closed Block assets	2,379	2,416
Portion of above representing accumulated other comprehensive income (loss):
Net unrealized investment gains (losses)	(2,299)	(2,241)
Allocated to policyholder dividend obligation	2,096	2,081
Future earnings to be recognized from Closed Block assets and Closed Block liabilities	$ 2,176	$ 2,256

Closed Block (Information Regar

Closed Block (Information Regarding Policyholder Dividend Obligation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Movement in Closed Block Dividend Obligation [Roll Forward]
Cumulative-effect adjustment from the adoption of ASU 2016-01	$ 109	$ 77	$ 30
Impact from earnings allocable to policyholder dividend obligation	(777)	(334)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	(15)	1,126
Balance, December 31	$ 0	$ 792

Closed Block (Closed Block Reve

Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues
Premiums	$ 1,689	$ 1,675	$ 1,698
Net investment income	2,041	1,949	1,980
Realized investment gains (losses), net	(769)	(380)	(270)
Other income (loss)	319	411	(447)
Total Closed Block revenues	3,280	3,655	2,961
Benefits and Expenses
Policyholders’ benefits	2,343	2,354	2,428
Interest credited to policyholders’ account balances	117	118	121
Dividends to policyholders	641	1,008	115
General and administrative expenses	266	280	302
Total Closed Block benefits and expenses	3,367	3,760	2,966
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes	(87)	(105)	(5)
Income tax expense (benefit)	(166)	(176)	(103)
Closed Block revenues, net of Closed Block benefits and expenses and income taxes	$ 79	$ 71	$ 98

Income Taxes (Components of Inc

Income Taxes (Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current tax expense (benefit):
U.S.	$ 495	$ (4)	$ 214
State and local	35	25	15
Foreign	755	667	480
Total current tax expense (benefit)	1,285	688	709
Deferred tax expense (benefit):
U.S.	(545)	323	(789)
State and local	(1)	0	1
Foreign	(232)	(398)	(200)
Total deferred tax expense (benefit)	(778)	(75)	(988)
Total income tax expense (benefit) on income (loss) before equity in earnings of joint ventures and other operating entities	507	613	(279)
Income tax expense (benefit) on equity in earnings of joint ventures and other operating entities	41	34	25
Income tax expense (benefit) on discontinued operations	0	0	0
Income tax expense (benefit) reported in equity related to:
Other comprehensive income (loss)	364	(837)	2,555
Total income taxes	$ 912	$ (190)	$ 2,301

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in Accounting Estimate [Line Items]
Total income tax expense (benefit)	$ 507	$ 613	$ (279)
Effective tax rate	15.80%	20%	14.70%
U.S. federal income tax rate	21%
Impact of IRS Notice 2023-55			$ 7
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (50)	$ (99)
Deferred Tax Assets, Tax Deferred Expense	840	542
DRD constituting non-taxable investment income	55	62	78
Non-taxable investment income	168	162	86
Income (loss) from foreign operations	1,132	1,731	369
Decrease in unrecognized tax benefits is reasonably possible	86
DRD constituting non-taxable investment income	55	62	78
Non-taxable investment income	$ 168	162	86
U.S. federal income tax rate	21%
Percent of income tax expense (benefit)	5%
Income (loss) from domestic operations	$ 2,077	1,341	(2,262)
Income (loss) from foreign operations	$ 1,132	1,731	369
Brazil Full Inclusion
Change in Accounting Estimate [Line Items]
Tax adjustment impact			$ 11	$ (12)
Japan Statutory Tax Rate
Change in Accounting Estimate [Line Items]
Effective tax rate	28%
Brazil Statutory Tax Rate
Change in Accounting Estimate [Line Items]
Effective tax rate	40%			45%
Deferred Tax Assets, Tax Deferred Expense		$ 403
Office of the Tax Commissioner, Bermuda
Change in Accounting Estimate [Line Items]
Effective tax rate	15%
Deferred Tax Assets, Tax Deferred Expense	$ 401

Income Taxes (Reconciliation To

Income Taxes (Reconciliation To Effective Rate) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Expected federal income tax expense (benefit)	$ 674	$ 645	$ (397)
Non-taxable investment income	(168)	(162)	(86)
Foreign taxes at other than U.S. rate	189	191	122
Low-income housing and other tax credits	(94)	(106)	(128)
Changes in tax law	50	(99)	(11)
Effective Income Tax Rate Reconciliation, GILTI, Amount	(24)	5	101
Sale of subsidiary	(10)	0	86
Non-deductible expenses	39	29	21
Change in valuation allowance	(45)	111	16
State taxes (net of federal benefit)	26	20	13
Other	(130)	(21)	(16)
Total income tax expense (benefit) on income (loss) before equity in earnings of joint ventures and other operating entities	$ 507	$ 613	$ (279)
Effective tax rate	15.80%	20%	14.70%
U.S. federal income tax rate	21%

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Deferred Tax Asset, Debt Securities, Trading, Unrealized Loss	$ 6,987	$ 4,047
Policyholders’ dividends	55	213
Net operating and capital loss carryforwards	360	178
Employee benefits	271	332
Investments	2,448	2,883
Goodwill and other intangibles	313	335
Deferred tax assets before valuation allowance	10,434	7,988
Valuation allowance	(238)	(290)	$ (159)
Deferred tax assets after valuation allowance	10,196	7,698
Deferred tax liabilities:
Insurance reserves	4,629	2,742
Deferred policy acquisition costs	3,851	3,897
Value of business acquired	147	166
Other	1,261	969
Deferred tax liabilities	9,888	7,774
Net Deferred tax asset (liabilities)	308	(76)
Change in Accounting Estimate [Line Items]
Deferred Tax Assets, Tax Deferred Expense	$ 840	542
Brazil Statutory Tax Rate
Change in Accounting Estimate [Line Items]
Deferred Tax Assets, Tax Deferred Expense		$ 403

Income Taxes (Valuation Allowan

Income Taxes (Valuation Allowance on Deferred Tax Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	$ 290	$ 159
Charged to costs and expenses	5	11
Other adjustments	(57)	120
Balance, ending of year	238	290
Federal
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	25	22
Charged to costs and expenses	(2)	3
Other adjustments	0	0
Balance, ending of year	23	25
State
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	132	109
Charged to costs and expenses	0	0
Other adjustments	(4)	23
Balance, ending of year	128	132
Foreign Operations
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	133	28
Charged to costs and expenses	7	8
Other adjustments	(53)	97
Balance, ending of year	$ 87	$ 133

Income Taxes (Operating and Cap

Income Taxes (Operating and Capital Loss Carryforwards) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 23	$ 0
State and local
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	1,888	1,670
Foreign operations
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	907	356
Foreign operations | Operating loss expiring between 2022 and 2036
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	37
Foreign operations | Operating loss unlimited carryforward
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	870
Federal foreign
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	$ 15	$ 18

Income Taxes (Undistributed Ear

Income Taxes (Undistributed Earnings) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Undistributed earnings of foreign subsidiaries	$ 351	$ 291	$ 238

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Amount	$ 133	$ 84	$ 12
Increases in unrecognized tax benefits—prior years	4	13	81
(Decreases) in unrecognized tax benefits—prior years	(5)	0	(1)
Increases in unrecognized tax benefits—current year	0	36	0
(Decreases) in unrecognized tax benefits—current year	0	0	(8)
Settlements with taxing authorities	0	0	0
Amount	132	133	84
Unrecognized tax benefits that, if recognized, would favorably impact the effective rate	$ 132	$ 133	$ 84

Income Taxes (Amounts Recognize

Income Taxes (Amounts Recognized for Tax Related Interest and Penalties) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Interest and penalties recognized in the Consolidated Statements of Operations	$ 10	$ 7	$ 8
Interest and penalties recognized in liabilities in the Consolidated Statements of Financial Position	$ 33	$ 22

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Short-Term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Short Term Debt [Line Items]
Short-term debt	$ 953	$ 618
Less: assets under set-off arrangements	$ 14,748	$ 10,370
Weighted average interest rate on outstanding short-term debt	4.61%	5.50%
Commercial paper
Short Term Debt [Line Items]
Debt maturity	15 days	49 days
Short-term Debt	$ 521	$ 535
Current portion of long-term debt
Short Term Debt [Line Items]
Short-term Debt	432	2,083
Short-term Debt
Short Term Debt [Line Items]
Less: assets under set-off arrangements	0	2,000
Short-term Debt	953	2,618
Borrowings due overnight | Commercial paper
Short Term Debt [Line Items]
Short-term debt	310	110
Daily average outstanding | Commercial paper
Short Term Debt [Line Items]
Short-term debt	1,823	1,334
Prudential Financial
Short Term Debt [Line Items]
Short-term debt	25	25
Short-term Debt	25	25
Prudential Financial | Commercial paper
Short Term Debt [Line Items]
Short-term debt	$ 25	$ 25
Weighted average interest rate on outstanding short-term debt	4.38%	5.35%
Short-term Debt	$ 25	$ 25
Prudential Financial | Current portion of long-term debt
Short Term Debt [Line Items]
Short-term debt	0	0
Prudential Funding, LLC | Commercial paper
Short Term Debt [Line Items]
Short-term Debt	496	510
Mortgage Debt
Short Term Debt [Line Items]
Short-term Debt	85	83
Surplus notes
Short Term Debt [Line Items]
Short-term Debt	347	0
Surplus notes subject to set-off arrangements
Short Term Debt [Line Items]
Short-term Debt	$ 0	$ 2,000

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Narrative) (Details) ¥ in Millions, $ in Millions	1 Months Ended				12 Months Ended
	Sep. 30, 2024	Jul. 31, 2024	Mar. 31, 2023 lender	May 31, 2020	Dec. 31, 2024 USD ($) Rate	Dec. 31, 2024 JPY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2017 debtInstrument	Dec. 31, 2024 JPY (¥) Rate	May 15, 2020 USD ($) Rate
Debt Instrument [Line Items]
Long-term debt					$ 19,187		$ 18,882
Interest expense					2,030		1,763	$ 1,597
Assets Under Set Off Arrangements					14,748		10,370
Line of Credit, Current					0
Prudential Financial
Debt Instrument [Line Items]
Long-term debt					18,793		18,162
Interest expense					1,322		1,282	1,161
Outstanding amount of notes					18,793		18,162
Minimum statutory consolidated net worth					$ 22,100
Prudential Insurance | Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Purchase requirement activity-based stock of the outstanding borrowings					4.50%					4.50%
Debt Instrument, Term Upon Certain Events					90 days	90 days
Other long-term investments					$ 142		$ 169
Pledge collateral of prior year-end statutory net admitted assets					5%					5%
Maximum amount of pledged asset					$ 7,400
Debt Instrument, Unused Borrowing Capacity, Amount					5,900
Prudential Financial and Prudential Funding
Debt Instrument [Line Items]
Capacity					$ 4,000
Line of Credit Facility, Expiration Period		5 years			5 years	5 years
Proceeds from Lines of Credit					$ 0
Prudential Holdings of Japan
Debt Instrument [Line Items]
Capacity | ¥										¥ 100,000
Line of Credit Facility, Expiration Period	5 years				5 years	5 years
Proceeds from Lines of Credit | ¥						¥ 0
Other Subsidiaries
Debt Instrument [Line Items]
Capacity					$ 223
PLIC
Debt Instrument [Line Items]
Future Debt Instrument Authorized					$ 4,000
Minimum | Prudential Insurance | Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					1.925%					1.925%
Maximum | Prudential Insurance | Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					4.51%					4.51%
Commercial paper
Debt Instrument [Line Items]
Debt maturity					15 days	15 days	49 days
Commercial paper | Prudential Financial
Debt Instrument [Line Items]
Debt Instrument Authorized					$ 3,000
Commercial paper | Prudential Funding, LLC
Debt Instrument [Line Items]
Debt Instrument Authorized					7,000
Real estate separate accounts | Other Subsidiaries
Debt Instrument [Line Items]
Capacity					110
Proceeds from Lines of Credit					0
Put Option | Prudential Financial
Debt Instrument [Line Items]
Minimum Equity Less AOCI For Automatic Exercise					9,000
Private Placement | Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Face Amount											$ 1,500
Debt Instrument, Interest Rate, Stated Percentage | Rate											2.85%
Debt Instrument, Interest Rate | Rate											2.175%
Proceeds from sales					$ 1,500
Senior notes
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time					4.43%					4.43%
Derivative Financial Instruments, Liabilities
Debt Instrument [Line Items]
Interest expense					$ 0		$ 0	1
Current And Long Term Debt
Debt Instrument [Line Items]
Interest Expense, Debt					1,956		1,749	$ 1,562
Junior subordinated debt | Prudential Financial
Debt Instrument [Line Items]
Long-term debt					$ 8,548		8,050
Junior subordinated debt | Minimum
Debt Instrument [Line Items]
Debt Instrument, Deferral Period					5 years	5 years
Junior subordinated debt | Minimum | Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					3.70%					3.70%
Junior subordinated debt | Maximum
Debt Instrument [Line Items]
Debt Instrument, Deferral Period					10 years	10 years
Junior subordinated debt | Maximum | Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					6.75%					6.75%
Long-term Debt | Prudential Insurance | Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Debt Issuance Costs, Net					$ 2,500
Retail Medium Term Note
Debt Instrument [Line Items]
Outstanding amount of notes					370		249
Fixed rate | Senior notes | Prudential Financial
Debt Instrument [Line Items]
Long-term debt					$ 10,245		10,112
Fixed rate | Senior notes | Minimum | Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					1.50%					1.50%
Fixed rate | Senior notes | Maximum | Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					6.63%					6.63%
Floating rate debt | Fixed-Rate Surplus Notes | Prudential Financial
Debt Instrument [Line Items]
Long-term debt					$ 347
Maturity in February 2033 | Private Placement | Prudential Financial
Debt Instrument [Line Items]
Debt maturity			10 years
Debt Instrument, Face Amount					$ 800
Debt Instrument, Interest Rate, Stated Percentage | Rate					5.791%					5.791%
Debt Instrument, Interest Rate | Rate					1.815%					1.815%
Maturity in February 2053 | Private Placement | Prudential Financial
Debt Instrument [Line Items]
Debt maturity			30 years
Debt Instrument, Face Amount					$ 700
Debt Instrument, Interest Rate, Stated Percentage | Rate					5.997%					5.997%
Debt Instrument, Interest Rate | Rate					2.066%					2.066%
Subordinated Debt | Fixed rate
Debt Instrument [Line Items]
Outstanding amount of notes					$ 0		346
Senior notes
Debt Instrument [Line Items]
Number of debt instruments issued | debtInstrument									2
Senior notes | Private Placement | Prudential Financial
Debt Instrument [Line Items]
Debt maturity				10 years
Debt Instrument, Face Amount											$ 1,500
Cure period			30 days	30 days
Debt instrument, number of lenders | lender			2
Senior notes | Mortgage Debt
Debt Instrument [Line Items]
Long-term Debt					185		158
Senior notes | Fixed rate
Debt Instrument [Line Items]
Outstanding amount of notes					$ 10,245		10,112
Senior notes | Fixed rate | Minimum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					1.50%					1.50%
Senior notes | Fixed rate | Maximum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					6.63%					6.63%
Senior notes | Maturity in February 2033 | Private Placement | Prudential Financial
Debt Instrument [Line Items]
Debt maturity			10 years
Senior notes | Maturity in February 2053 | Private Placement | Prudential Financial
Debt Instrument [Line Items]
Debt maturity			30 years
Mortgage Debt | Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 750
Mortgage Debt | Fixed rate
Debt Instrument [Line Items]
Outstanding amount of notes					$ 69		0
Mortgage Debt | Fixed rate | Minimum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					1.28%					1.28%
Mortgage Debt | Fixed rate | Maximum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					1.72%					1.72%
Mortgage Debt | Floating rate debt
Debt Instrument [Line Items]
Outstanding amount of notes					$ 31		75
Mortgage Debt | Floating rate debt | Minimum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					0.73%					0.73%
Mortgage Debt | Floating rate debt | Maximum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					1.40%					1.40%
Mortgage Debt | Floating rate debt | Foreign public corporate securities
Debt Instrument [Line Items]
Outstanding amount of notes					$ 100		$ 27

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Credit Facilities) (Details) ¥ in Millions, $ in Millions	1 Months Ended		12 Months Ended
	Sep. 30, 2024	Jul. 31, 2024	Dec. 31, 2024 USD ($)	Dec. 31, 2024 JPY (¥)	Dec. 31, 2024 JPY (¥)
Prudential Financial and Prudential Funding
CreditFacility [Line Items]
Original Term		5 years	5 years	5 years
Capacity | $			$ 4,000
Amount Outstanding | $			$ 0
Prudential Holdings of Japan
CreditFacility [Line Items]
Original Term	5 years		5 years	5 years
Capacity | ¥					¥ 100,000
Amount Outstanding | ¥				¥ 0

Short-Term and Long-Term Debt_5

Short-Term and Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less: assets under set-off arrangements	$ 14,748	$ 10,370
Total long-term debt	19,187	18,882
Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Long-term debt	14,748	12,370
Surplus notes subject to set-off arrangements | Regulation XXX | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Long-term debt	0	1,600
Surplus notes subject to set-off arrangements | Guideline AXXX | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Long-term debt	0	3,500
Surplus notes | Regulation XXX | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Long-term debt	0	2,330
Retail Medium Term Note
Debt Instrument [Line Items]
Long-term debt	370	249
Surplus notes | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	0	346
Surplus notes subject to set-off arrangements | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	14,748	9,790
Surplus notes subject to set-off arrangements | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	0	580
Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	10,245	10,112
Mortgage Debt | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	69	0
Mortgage Debt | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	31	75
Mortgage Debt | Debt denominated in foreign currency | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	100	27
Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	8,587	8,094
Subtotal
Debt Instrument [Line Items]
Long-term debt	33,935	29,252
Line of Credit | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	255	255
Somerset Re surplus notes subject to set off arrangements
Debt Instrument [Line Items]
Long-term debt	6,900
Prudential Financial
Debt Instrument [Line Items]
Long-term debt	18,793	18,162
Total long-term debt	18,793	18,162
Prudential Financial | Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Total long-term debt	10,245	$ 10,112
Prudential Financial | Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	8,548
Subsidiaries | Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	$ 39
Minimum | Surplus notes subject to set-off arrangements | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	3.66%
Minimum | Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.50%
Minimum | Mortgage Debt | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.28%
Minimum | Mortgage Debt | Floating-rate notes:
Debt Instrument [Line Items]
Interest Rate	0.73%
Minimum | Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	1.63%
Minimum | Line of Credit | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	6.42%
Minimum | Prudential Financial | Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.50%
Maximum | Surplus notes subject to set-off arrangements | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	5.48%
Maximum | Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	6.63%
Maximum | Mortgage Debt | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.72%
Maximum | Mortgage Debt | Floating-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.40%
Maximum | Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	6.75%
Maximum | Line of Credit | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	7%
Maximum | Prudential Financial | Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	6.63%

Short-Term and Long-Term Debt_6

Short-Term and Long-Term Debt (Contractual Maturities for Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2026	$ 536
2027	287
2028	390
2029	95
2030 and thereafter	17,879
Long-term debt	$ 19,187	$ 18,882

Short-Term and Long-Term Debt_7

Short-Term and Long-Term Debt (Senior Notes and Mortgage Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Medium-Term Notes
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	$ 8,382	$ 8,378
Medium-Term Notes | Senior notes
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	10,430	10,269
Senior notes
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	1,493	1,484
Retail Medium Term Note
Debt Instrument [Line Items]
Outstanding amount of notes	370	249
Mortgage Debt | Senior notes
Debt Instrument [Line Items]
Long-term Debt	185	$ 158
Short-term Debt	$ 85

Short-Term and Long-Term Debt_8

Short-Term and Long-Term Debt (Surplus Notes with Set-Off Arrangements) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Assets Under Set Off Arrangements	$ 14,748	$ 10,370
Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Short-term Debt	0	2,000
PLIC
Debt Instrument [Line Items]
Future Debt Instrument Authorized	4,000
Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Outstanding amount of notes	14,748	12,370
Future Debt Instrument Authorized	21,500
Surplus notes subject to set-off arrangements | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	300	300
Floating Rate Debt Surplus Notes Subject To Set Off Arrangement | Prudential Arizona Reinsurance Universal Company
Debt Instrument [Line Items]
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	0	2,100
Regulation XXX | Surplus notes | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Outstanding amount of notes	0	2,330
Regulation XXX | Surplus notes subject to set-off arrangements | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Outstanding amount of notes	0	1,600
Regulation XXX | Surplus notes subject to set-off arrangements due 2044 | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Debt Instrument Authorized	8,000
Outstanding amount of notes	7,560	0
Regulation XXX | Floating Rate Debt Surplus Notes Subject To Set Off Arrangement | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	0	1,000
Guideline AXXX | Surplus notes subject to set-off arrangements | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Outstanding amount of notes	0	3,500
Guideline AXXX | Floating Rate Debt Surplus Notes Subject To Set Off Arrangement | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	0	1,540
Guideline AXXX | Somerset Re surplus notes subject to set off arrangements | Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Debt Instrument Authorized	9,500
Outstanding amount of notes	$ 6,888	$ 0

Short-Term and Long-Term Debt_9

Short-Term and Long-Term Debt (Schedule of Junior Subordinated Notes) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Rate
Junior Subordinated Retail Notes May 2015
Debt Instrument [Line Items]
Principal Amount	$ 1,000
Interest Rate	5.38%
Junior Subordinated Retail Notes May 2015 | SOFR
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	3.29%
Junior Subordinated Institutional Notes September 2017
Debt Instrument [Line Items]
Principal Amount	$ 750
Interest Rate	4.50%
Junior Subordinated Institutional Notes September 2017 | SOFR
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	2.64%
Junior Subordinated Institutional Notes August 2018
Debt Instrument [Line Items]
Principal Amount	$ 565
Interest Rate	5.63%
Junior Subordinated Institutional Notes September 2018
Debt Instrument [Line Items]
Principal Amount	$ 1,000
Interest Rate	5.70%
Junior Subordinated Institutional Notes September 2018 | SOFR
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	2.93%
Junior Subordinated Retail Notes August 2020 4.13%
Debt Instrument [Line Items]
Principal Amount	$ 500
Interest Rate	4.13%
Junior Subordinated Institutional Notes August 2020 3.70%
Debt Instrument [Line Items]
Principal Amount	$ 800
Interest Rate	3.70%
Junior Subordinated Institutional Notes August 2020 3.70% | US Treasury
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	3.04%
Junior Subordinated Institutional Notes February 2022
Debt Instrument [Line Items]
Principal Amount	$ 1,000
Interest Rate	5.13%
Junior Subordinated Institutional Notes February 2022 | US Treasury
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	3.16%
Junior Subordinated Institutional Notes August 2022 5.95%
Debt Instrument [Line Items]
Principal Amount	$ 300
Interest Rate	5.95%
Junior Subordinated Institutional Notes August 2022 6.00%
Debt Instrument [Line Items]
Principal Amount	$ 1,200
Interest Rate	6%
Junior Subordinated Institutional Notes August 2022 6.00% | US Treasury
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	3.23%
Junior Subordinated Institutional Notes February 2023
Debt Instrument [Line Items]
Principal Amount	$ 500
Interest Rate	6.75%
Junior Subordinated Institutional Notes February 2023 | US Treasury
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	2.85%
Junior Subordinated Institutional Notes March 2024
Debt Instrument [Line Items]
Principal Amount	$ 1,000
Interest Rate	6.50%
Junior Subordinated Institutional Notes March 2024 | US Treasury
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	2.40%
LIBOR to SOFR tenor spread Adjustment for Junior Subordinated Notes
Debt Instrument [Line Items]
Interest Rate Subsequent to Optional Redemption Date | Rate	0.26%

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Qualified Pension Plan	81%
Pension Benefit Percent Allocation Traditional	66%
Pension Benefit Percent Allocation Cash Balance	34%
Percentage of annual salary Contributed by the Company for employees (401(k) plans)	4%
General And Administrative Expense
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost	$ 87	$ 79	$ 77
Other liabilities
Defined Benefit Plan Disclosure [Line Items]
Net accumulated liability for non-retiree postemployment benefits provided to former or inactive employee	30	27
Rabbi Trust
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	861	893
Fair value of plan assets	157	118
Defined Benefit Plan, Plan Assets, Amount	157	118
Loans, Gross, Insurance Policy	0	900
Rabbi Trust | Discontinued Operations
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	51	57
Fair value of plan assets	75	77
Defined Benefit Plan, Plan Assets, Amount	75	77
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	10,629	11,238	11,099
Fair value of plan assets	$ 12,293	$ 12,649	$ 12,519
Bond Yield rate used in determining Discount rate	5.85%	5.30%	5.45%	2.85%
Expected long-term rate of return on plan assets	8%	7.50%	7.50%	6%
Defined Benefit Plans Estimated Future Employer Contributions in Next Fiscal Year	$ 160
Defined Benefit Plan, Plan Assets, Amount	12,293	$ 12,649	$ 12,519
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	1,026	1,032	1,348
Fair value of plan assets	$ 1,187	$ 1,186	$ 1,191
Bond Yield rate used in determining Discount rate	5.70%	5.20%	5.55%	2.75%
Expected long-term rate of return on plan assets	6.50%	6.75%	7.75%	7%
Defined Benefit Plans Estimated Future Employer Contributions in Next Fiscal Year	$ 10
Defined Benefit Plan, Plan Assets, Amount	$ 1,187	$ 1,186	$ 1,191
Maximum | Postretirement
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
Minimum | Postretirement
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
Foreign plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Weighted Average Asset Allocations	3%
Foreign plans | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Pension benefits for foreign plans percentage of the ending benefit obligation	10%	11%

Employee Benefit Plans (Status

Employee Benefit Plans (Status of Prepaid Benefits Costs and Accrued Benefit Liabilities Included in Other Assets and Other Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Change in benefit obligation
Benefit obligation at the beginning of period	$ (11,238)	$ (11,099)
Service cost	(206)	(204)	$ (276)
Interest cost	(539)	(551)	(431)
Plan participants’ contributions	0	0
Amendments	0	2
Actuarial gains (losses), net	360	(274)
Settlements	62	22
Special termination benefits	(1)	(25)
Benefits paid	823	827
Foreign currency changes and other	110	64
Benefit obligation at end of period	(10,629)	(11,238)	(11,099)
Change in plan assets
Plan assets at beginning of period	12,649	12,519
Actual return on plan assets	366	788
Employer contributions	177	185
Plan participants’ contributions	0	0
Disbursement for settlements	(62)	(22)
Benefits paid	(823)	(827)
Foreign currency changes and other	(14)	6
Plan assets at end of period	12,293	12,649	12,519
Funded status at end of period	1,664	1,411
Amounts recognized in the Statements of Financial Position
Prepaid benefit cost	3,451	3,385
Accrued benefit liability	(1,787)	(1,974)
Net amount recognized	1,664	1,411
Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost:
Prior service cost	(1)	(2)
Net actuarial loss	2,924	2,797
Net amount not recognized	2,923	2,795
Accumulated benefit obligation	(9,925)	(10,512)
Other Postretirement Benefits
Change in benefit obligation
Benefit obligation at the beginning of period	(1,032)	(1,348)
Service cost	(7)	(9)	(13)
Interest cost	(51)	(71)	(56)
Plan participants’ contributions	(21)	(24)
Amendments	0	298
Actuarial gains (losses), net	(29)	(66)
Settlements	0	0
Special termination benefits	0	(5)
Benefits paid	113	193
Foreign currency changes and other	1	0
Benefit obligation at end of period	(1,026)	(1,032)	(1,348)
Change in plan assets
Plan assets at beginning of period	1,186	1,191
Actual return on plan assets	88	155
Employer contributions	5	9
Plan participants’ contributions	21	24
Disbursement for settlements	0	0
Benefits paid	(113)	(193)
Foreign currency changes and other	0	0
Plan assets at end of period	1,187	1,186	$ 1,191
Funded status at end of period	161	154
Amounts recognized in the Statements of Financial Position
Prepaid benefit cost	232	240
Accrued benefit liability	(71)	(86)
Net amount recognized	161	154
Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost:
Prior service cost	(278)	(345)
Net actuarial loss	218	209
Net amount not recognized	(60)	(136)
Accumulated benefit obligation	$ (1,026)	$ (1,032)

Employee Benefit Plans (Informa

Employee Benefit Plans (Information for Pension Plans with a Projected and Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Pension Plan with Project Benefit Obligation in Excess of Plan Assets [Abstract]
Projected benefit obligation	$ 1,787	$ 1,974
Fair value of plan assets	0	0
Information On Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract]
Accumulated benefit obligation	1,625	1,795
Fair value of plan assets	$ 0	$ 0

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost Included in General and Administrative Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 206	$ 204	$ 276
Interest cost	539	551	431
Expected return on plan assets	(953)	(926)	(866)
Amortization of prior service cost	(1)	(1)	(1)
Amortization of actuarial (gain) loss, net	90	69	160
Settlements	1	3	2
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	0	0	0
Special termination benefits	1	25	4
Net periodic (benefit) cost	(117)	(75)	6
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	7	9	13
Interest cost	51	71	56
Expected return on plan assets	(76)	(86)	(102)
Amortization of prior service cost	(67)	(7)	(8)
Amortization of actuarial (gain) loss, net	8	10	6
Settlements	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	0	0	(7)
Special termination benefits	0	5	4
Net periodic (benefit) cost	$ (77)	$ 2	$ (38)

Employee Benefit Plans (Amounts

Employee Benefit Plans (Amounts Recorded in Accumulated Other Comprehensive Income not yet Recognized) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	$ 2,795
Amortization for the period	90	$ 69	$ 160
Deferrals for the period	360	(274)
Impact of foreign currency changes and other	(110)	(64)
Balance, end of period	2,923	2,795
Pension Benefits | Prior Service Cost
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	(2)	(2)	(5)
Amortization for the period	1	1	1
Deferrals for the period	0	(2)	1
Impact of foreign currency changes and other	0	1	1
Balance, end of period	(1)	(2)	(2)
Pension Benefits | Net Actuarial (Gain) Loss
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	2,797	2,466	3,131
Amortization for the period	(90)	(69)	(160)
Deferrals for the period	227	411	(431)
Impact of foreign currency changes and other	(10)	(11)	(74)
Balance, end of period	2,924	2,797	2,466
Other Postretirement Benefits
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	(136)
Amortization for the period	8	10	6
Deferrals for the period	(29)	(66)
Impact of foreign currency changes and other	(1)	0
Balance, end of period	(60)	(136)
Other Postretirement Benefits | Prior Service Cost
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	(345)	(54)	(69)
Amortization for the period	67	7	8
Deferrals for the period	0	(298)	0
Impact of foreign currency changes and other	0	0	7
Balance, end of period	(278)	(345)	(54)
Other Postretirement Benefits | Net Actuarial (Gain) Loss
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	209	222	211
Amortization for the period	(8)	(10)	(6)
Deferrals for the period	17	(3)	20
Impact of foreign currency changes and other	0	0	(3)
Balance, end of period	$ 218	$ 209	$ 222

Employee Benefit Plans (Assumpt

Employee Benefit Plans (Assumptions Related to Calculation of Domestic Benefit Obligation (End of Period) and Determination of Net Periodic (Benefit) Cost (Beginning of Period)) (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.85%	5.30%	5.45%	2.85%
Rate of increase in compensation levels	6.25%	6.25%	4.50%	4.50%
Expected return on plan assets	8%	7.50%	7.50%	6%
Interest Crediting Rate	4.35%	4.95%	4.25%	4.25%
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.70%	5.20%	5.55%	2.75%
Expected return on plan assets	6.50%	6.75%	7.75%	7%
Health care cost trend rates	7.90%	7.35%	6.50%	6%
Ultimate health care cost trend rate	4.75%	4.75%	4.75%	4.50%

Employee Benefit Plans (Asset A

Employee Benefit Plans (Asset Allocation Targets Reflecting a Percentage of Total Assets by Asset Class) (Details)	Dec. 31, 2024
Minimum | Pension Benefits | U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum | Pension Benefits | International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	52%
Minimum | Pension Benefits | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum | Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	3%
Minimum | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	8%
Minimum | Postretirement | U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	10%
Minimum | Postretirement | International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	3%
Minimum | Postretirement | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	6%
Minimum | Postretirement | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum | Postretirement | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum | Postretirement | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Maximum | Pension Benefits | U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	3%
Maximum | Pension Benefits | International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	11%
Maximum | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	71%
Maximum | Pension Benefits | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	11%
Maximum | Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	18%
Maximum | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	40%
Maximum | Postretirement | U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	30%
Maximum | Postretirement | International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	20%
Maximum | Postretirement | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	76%
Maximum | Postretirement | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	24%
Maximum | Postretirement | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Maximum | Postretirement | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%

Employee Benefit Plans (Pension

Employee Benefit Plans (Pension and Post Retirement Asset Allocations in Accordance with Investment Guidelines) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Notional	$ 548,831	$ 487,415
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	12,293	12,649	$ 12,519
Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,416	4,777
Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,122	3,637
Pension Benefits | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	9,308	9,356
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,187	1,186	1,191
Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	48	39
Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2	8
Postretirement | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	96	87
Postretirement | Variable Life Insurance Policies at contract value
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	943	937
Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	86	193
Level 1 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 1 | Pension Benefits | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	86	193
Level 1 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 1 | Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 1 | Postretirement | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	46	40
Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,295	4,493
Level 2 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 2 | Pension Benefits | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,295	4,493
Level 2 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	48	39
Level 2 | Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2	8
Level 2 | Postretirement | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	50	47
Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	35	91
Level 3 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,122	3,637
Level 3 | Pension Benefits | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,927	4,670
Level 3 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 3 | Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 3 | Postretirement | Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Investment Measure at Net Asset Value as a practical expedient | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,186	2,249
Investment Measure at Net Asset Value as a practical expedient | Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	510	626
Investment Measure at Net Asset Value as a practical expedient | Pension Benefits | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	67	118
Investment Measure at Net Asset Value as a practical expedient | Pension Benefits | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	37	63
Investment Measure at Net Asset Value as a practical expedient | Pension Benefits | Equity Securities | International
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	185	237
Investment Measure at Net Asset Value as a practical expedient | Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	148	162
Investment Measure at Net Asset Value as a practical expedient | Postretirement | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	652	660
Investment Measure at Net Asset Value as a practical expedient | Postretirement | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	192	351
Investment Measure at Net Asset Value as a practical expedient | Postretirement | Equity Securities | International
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	99	88
U.S. Equities | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	38	30
U.S. Equities | Level 1 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
U.S. Equities | Level 2 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	38	30
U.S. Equities | Level 3 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
International Equities | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	10	9
International Equities | Level 1 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
International Equities | Level 2 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	10	9
International Equities | Level 3 | Postretirement | Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Other U.S. government securities | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	919	536
Other U.S. government securities | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Other U.S. government securities | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	919	536
Other U.S. government securities | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
U.S. government securities (state & other) | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	273	365
U.S. government securities (state & other) | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
U.S. government securities (state & other) | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	273	365
U.S. government securities (state & other) | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Non-U.S. government securities | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	42	51
Non-U.S. government securities | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Non-U.S. government securities | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	42	51
Non-U.S. government securities | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Corporate bonds | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,041	2,489
Corporate bonds | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Corporate bonds | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,035	2,480
Corporate bonds | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	6	9
Asset-backed | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	560	66
Asset-backed | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Asset-backed | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	560	66
Asset-backed | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized mortgage obligations | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	453	447
Collateralized mortgage obligations | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized mortgage obligations | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	453	447
Collateralized mortgage obligations | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized loan obligations | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	24	549
Collateralized loan obligations | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized loan obligations | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	24	549
Collateralized loan obligations | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Interest Rate Swaps | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Notional		1,227
Interest Rate Swaps | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	(12)	5
Interest Rate Swaps | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Interest Rate Swaps | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	(12)	5
Interest Rate Swaps | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	44	110
Registered investment companies | Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2	8
Registered investment companies | Postretirement | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	46	40
Registered investment companies | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	44	110
Registered investment companies | Level 1 | Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies | Level 1 | Postretirement | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	46	40
Registered investment companies | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies | Level 2 | Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2	8
Registered investment companies | Level 2 | Postretirement | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies | Level 3 | Postretirement | Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies | Level 3 | Postretirement | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Other | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	52	139
Other | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	22	63
Other | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1	(6)
Other | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	29	82
Partnerships | Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	770	942
Partnerships | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,437	2,142
Partnerships | Level 1 | Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships | Level 1 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships | Level 2 | Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships | Level 2 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships | Level 3 | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	770	942	1,004
Partnerships | Level 3 | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,437	2,142	1,713
Partnerships | Level 3 | Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	770	942
Partnerships | Level 3 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,437	2,142
Hedge Fund | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,685	1,495
Hedge Fund | Level 1 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Hedge Fund | Level 2 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Hedge Fund | Level 3 | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,685	1,495	$ 1,455
Hedge Fund | Level 3 | Pension Benefits | Other invested assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,685	1,495
Pooled separate accounts | Investment Measure at Net Asset Value as a practical expedient | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,090	2,222
Common/collective trusts | Investment Measure at Net Asset Value as a practical expedient | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	802	958
Other countries | Investment Measure at Net Asset Value as a practical expedient | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	93	113
Other common stocks | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	20	20
Other common stocks | Level 1 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	20	20
Other common stocks | Level 2 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Other common stocks | Level 3 | Pension Benefits | Fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Net assets at fair value | Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 244	$ 249

Employee Benefit Plans (Changes

Employee Benefit Plans (Changes in Fair Value of Level 3 Pension and Post Retirement Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Level 3 | Corporate Bond Securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	$ 9	$ 0
Actual return on assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases	0	12
Sales	(3)	(3)
Issuances	0	0
Settlements	0	0
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	6	9
Postretirement
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	1,186	1,191
Actual return on assets:
Plan assets at end of period	1,187	1,186
Other | Level 3 | Fixed Maturities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	82	65
Actual return on assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases	0	0
Sales	0	0
Issuances	29	82
Settlements	(82)	(65)
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	29	82
Partnerships | Level 3 | Real Estate
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	942	1,004
Actual return on assets:
Relating to assets still held at the reporting date	(95)	(57)
Relating to assets sold during the period	0	0
Purchases	(18)	(5)
Sales	(59)	0
Issuances	0	0
Settlements	0	0
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	770	942
Partnerships | Level 3 | Other invested assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	2,142	1,713
Actual return on assets:
Relating to assets still held at the reporting date	219	197
Relating to assets sold during the period	0	0
Purchases	76	232
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	2,437	2,142
Hedge Fund | Level 3 | Other invested assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	1,495	1,455
Actual return on assets:
Relating to assets still held at the reporting date	158	121
Relating to assets sold during the period	0	0
Purchases	32	(81)
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	$ 1,685	$ 1,495

Employee Benefit Plans (Expecte

Employee Benefit Plans (Expected Benefit Payments for Company's Pension and Postretirement Plans as well as Expected Medicare Part D Subsidy Receipts Related to Postretirement Plan) (Details) $ in Millions	Dec. 31, 2024 USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2025	$ 1,148
2026	850
2027	882
2028	892
2029	927
2030-2034	4,532
Total	9,231
Postretirement
Defined Benefit Plan Disclosure [Line Items]
2025	127
2026	127
2027	123
2028	112
2029	105
2030-2034	402
Total	$ 996

Equity (Common Stock Changes in

Equity (Common Stock Changes in Number of Shares Issued, Held in Treasury and Outstanding) (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	666,305,189
Balance, ending (in shares)	666,305,189	666,305,189
Issued
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	666,300,000	666,300,000	666,300,000
Common Stock issued (in shares)	0	0	0
Common Stock acquired	0	0	0
Stock-based compensation programs (in shares)	0	0	0
Balance, ending (in shares)	666,300,000	666,300,000	666,300,000
Held In Treasury
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	307,100,000	300,300,000	290,000,000
Common Stock issued (in shares)	0	0	0
Common Stock acquired	8,600,000	10,900,000	14,500,000
Stock-based compensation programs (in shares)	(4,000,000)	(4,100,000)	(4,200,000)
Balance, ending (in shares)	311,700,000	307,100,000	300,300,000
Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	359,200,000	366,000,000	376,300,000
Common Stock issued (in shares)	0	0	0
Common Stock acquired	8,600,000	10,900,000	14,500,000
Stock-based compensation programs (in shares)	4,000,000	4,100,000	4,200,000
Balance, ending (in shares)	354,600,000	359,200,000	366,000,000

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2022	Dec. 31, 2023
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	10,000,000	10,000,000	10,000,000
Preferred Stock, Shares Outstanding	0	0	0
Common Stock, par value (in dollars per share)	$ 0.01		$ 0.01
Prudential Financial
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	10,000,000		10,000,000
Common Stock, par value (in dollars per share)	$ 0.01		$ 0.01
Cash and short-term investments at carrying value excluding intercompany liquidity account	$ 4,641
Cash and short-term investments at carrying value excluding intercompany liquidity account	$ 4,641
Gibraltar Life and Other
Class of Stock [Line Items]
Japan Permitted Percentage of Statutory Earnings w/o approval	83%
RBC or solvency margin capital in excess of the regulatory required minimums	3.5
Prudential Insurance
Class of Stock [Line Items]
Unassigned Surplus	$ 3,444
Percentage exceed the greater/lesser of statutory surplus	10%
Prudential Annuities Life Assurance Corporation
Class of Stock [Line Items]
Proceeds from Dividends Received		$ 2,081
POJ
Class of Stock [Line Items]
Japan Permitted Percentage of Statutory Earnings w/o approval	83%
Japan-Retained Earnings Level- Permitted Percentage of Prior Year Statutory Earnings			100%
RBC or solvency margin capital in excess of the regulatory required minimums	3.5
Prudential International Insurance Holdings
Class of Stock [Line Items]
Proceeds from Dividends Received	$ 585
Permitted to be paid, after March 28, 2025 | Prudential Insurance
Class of Stock [Line Items]
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval	275
Permitted to be paid in 2025 | Prudential Insurance
Class of Stock [Line Items]
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval	1,575
Permitted to be paid, after June 27, 2025 | Prudential Insurance
Class of Stock [Line Items]
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval	400
Permitted to be paid, after December 27, 2025 | Prudential Insurance
Class of Stock [Line Items]
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval	$ 900

Equity (Share Repurchases Autho

Equity (Share Repurchases Authorizations) (Details) - USD ($) shares in Millions, $ in Billions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 10, 2024	Dec. 11, 2023
Under February 2023 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Share Repurchase Program, Authorized, Amount		$ 1
Under November 2021 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Share Repurchase Program, Authorized, Amount			$ 1.5
Under December 2023 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Share Repurchase Program, Authorized, Amount					$ 1
Under December 2024 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Share Repurchase Program, Authorized, Amount				$ 1
Other common stocks | Under February 2023 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Number of Treasury Stock Shares Acquired		10.9
Other common stocks | Under November 2021 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Number of Treasury Stock Shares Acquired			14.5
Other common stocks | Under December 2023 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Number of Treasury Stock Shares Acquired	8.6

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (6,504)
Income tax benefit (expense)	(364)	$ 837	$ (2,555)
Ending balance	(6,711)	(6,504)
Foreign  Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(2,686)	(2,274)	(1,107)
Change in OCI before reclassification	(811)	(246)	(1,145)
Amounts reclassified from AOCI	(41)	(18)	15
Income tax benefit (expense)	(77)	(148)	(37)
Ending balance	(3,615)	(2,686)	(2,274)
Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(11,213)	(16,194)	26,640
Change in OCI before reclassification	(12,822)	5,076	(56,430)
Amounts reclassified from AOCI	2,697	1,143	586
Income tax benefit (expense)	2,651	(1,238)	13,010
Ending balance	(18,687)	(11,213)	(16,194)
Interest rate remeasurement of Liability for Future Policy Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	8,547	15,242	(33,220)
Change in OCI before reclassification	11,804	(8,770)	63,643
Amounts reclassified from AOCI	0	0	0
Income tax benefit (expense)	(3,045)	2,075	(15,181)
Ending balance	17,306	8,547	15,242
Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	900	1,448	707
Change in OCI before reclassification	(466)	(693)	938
Amounts reclassified from AOCI	0	0	0
Income tax benefit (expense)	98	145	(197)
Ending balance	532	900	1,448
Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(2,052)	(2,028)	(2,513)
Change in OCI before reclassification	(234)	(98)	478
Amounts reclassified from AOCI	30	71	157
Income tax benefit (expense)	9	3	(150)
Ending balance	(2,247)	(2,052)	(2,028)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(6,504)	(3,806)	(9,493)
Change in OCI before reclassification	(2,529)	(4,731)	7,484
Amounts reclassified from AOCI	2,686	1,196	758
Income tax benefit (expense)	(364)	837	(2,555)
Ending balance	(6,711)	(6,504)	(3,806)
Net unrealized gains (losses) on all other investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(17,179)	(24,959)	40,415
Ending balance	(27,287)	(17,179)	(24,959)
Cash flow hedges | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	869	2,616
Ending balance	1,780	869	2,616
Fair value hedges | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(60)	(54)
Ending balance	$ (64)	$ (60)	$ (54)

Equity (Reclassifications out o

Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	[1]	$ (3,429)	[2]	$ (3,615)	[2]	$ (4,507)
Other income (loss)	[1]	$ 3,037		$ 4,065		$ 608
Amortization of defined benefit items:
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]		General and Administrative Expense		General and Administrative Expense		General and Administrative Expense
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]		Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax		Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax		Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax
Total Foreign Currency Translation Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		$ 41		$ 18		$ (15)
Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		(2,697)		(1,143)		(586)
Total amortization of defined benefit pension items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		(30)		(71)		(157)
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		(2,686)		(1,196)		(758)
Amounts reclassified from AOCI
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net		41		18		(15)
Other income (loss)		0		0		0
Amortization of defined benefit items:
Prior service cost		68		8		9
Actuarial gain (loss)		(98)		(79)		(166)
Amounts reclassified from AOCI | Total Foreign Currency Translation Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		41		18		(15)
Amounts reclassified from AOCI | Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		(2,697)		(1,143)		(586)
Amounts reclassified from AOCI | Total amortization of defined benefit pension items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		(30)		(71)		(157)
Amounts reclassified from AOCI | Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI		(2,686)		(1,196)		(758)
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)		(3,272)		(1,311)		(1,487)
Amounts reclassified from AOCI | Interest Rate | Cash Flow Hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)		(30)		(38)		(7)
Amounts reclassified from AOCI | Currency | Cash Flow Hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)		3		14		15
Amounts reclassified from AOCI | Currency | Fair value hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)		(10)		(8)		(4)
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)		$ 612		$ 200		$ 897
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions.

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with OTTI, Allowance for Credit Losses and All Other Investments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (6,504)
Ending balance	(6,711)	$ (6,504)
Net Unrealized Investment Gain (Loss) on AFS Fixed Maturity Securities With AllowancePre Tax
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(72)	(45)	$ 23
Net investment gains (losses) on investments arising during the period	(24)	15	(90)
Reclassification adjustment for (gains) losses included in net income	97	(3)	23
Reclassification due to allowance for credit losses recorded during the period			(1)
Reclassification due to allowance for credit losses recorded during the period	5	(39)
Ending balance	6	(72)	(45)
Net unrealized gains (losses) on all other investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(17,179)	(24,959)	40,415
Net investment gains (losses) on investments arising during the period	(12,703)	6,595	(65,938)
Reclassification adjustment for (gains) losses included in net income	2,600	1,146	563
Reclassification due to allowance for credit losses recorded during the period			1
Reclassification due to allowance for credit losses recorded during the period	(5)	39
Ending balance	(27,287)	(17,179)	(24,959)
Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(484)	(703)	417
Impact of net unrealized investment (gains) losses	215	219	(1,120)
Ending balance	(269)	(484)	(703)
Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	1,306	1,946	(1,921)
Impact of net unrealized investment (gains) losses	(325)	(640)	3,867
Ending balance	981	1,306	1,946
Policyholders' Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	2,081	3,194	(3,657)
Impact of net unrealized investment (gains) losses	15	(1,113)	6,851
Ending balance	2,096	2,081	3,194
Income Tax Benefit (Expense)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	3,135	4,373	(8,637)
Net investment gains (losses) on investments arising during the period	3,339	(1,327)	15,164
Reclassification adjustment for (gains) losses included in net income	(708)	(229)	(135)
Reclassification due to allowance for credit losses recorded during the period			0
Reclassification due to allowance for credit losses recorded during the period	0	0
Impact of net unrealized investment (gains) losses	20	318	(2,019)
Ending balance	5,786	3,135	4,373
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(11,213)	(16,194)	26,640
Net investment gains (losses) on investments arising during the period	(9,388)	5,283	(50,864)
Reclassification adjustment for (gains) losses included in net income	1,989	914	451
Reclassification due to allowance for credit losses recorded during the period			0
Reclassification due to allowance for credit losses recorded during the period	0	0
Impact of net unrealized investment (gains) losses	(75)	(1,216)	7,579
Ending balance	$ (18,687)	$ (11,213)	$ (16,194)

Equity (Statutory Financial Inf

Equity (Statutory Financial Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Prudential Insurance
Statutory Accounting Practices [Line Items]
Statutory net income (loss)	$ 1,245	$ 1,732	$ 1,116
Statutory capital and surplus	15,753	$ 16,085	14,049
PALAC
Statutory Accounting Practices [Line Items]
Proceeds from Dividends Received			$ 2,081
Prudential International Insurance Holdings
Statutory Accounting Practices [Line Items]
Proceeds from Dividends Received	585
Prudential International Insurance Holdings - Somerset Re
Statutory Accounting Practices [Line Items]
Proceeds from Dividends Received	800
Permitted to be paid in 2025 | Prudential Insurance
Statutory Accounting Practices [Line Items]
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval	$ 1,575

Equity (Dividends Declared) (De

Equity (Dividends Declared) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Dividends declared per share of Common Stock (in dollars per share)	$ 5.20	$ 5	$ 4.80

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Undistributed earnings allocated to participating unvested share-based payment awards, weighted outstanding shares	4	4.1	4.9

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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic earnings per share
Net income (loss)	$ 2,846	$ 2,508	$ (1,675)
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	32	29	25
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Income	$ 2,695	$ 2,459	$ (1,672)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Weighted Average Shares	357.5	363.5	372.3
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Per Share Amount	$ 7.54	$ 6.76	$ (4.49)
Dilutive Securities, Effect on Basic Earnings Per Share [Abstract]
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$ 32	$ 29	$ 25
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	$ 32	$ 29	$ 25
Stock options, Weighted Average Shares	0.3	0.2	0
Deferred and long-term compensation programs (in shares)	1.5	0.9	0
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Income	$ 2,695	$ 2,459	$ (1,672)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Weighted Average Shares	359.3	364.6	372.3
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Per Share Amount	$ 7.50	$ 6.74	$ (4.49)
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests	$ 119	$ 20	$ (28)

Earnings Per Share (Antidilutiv

Earnings Per Share (Antidilutive Securities Excluded From the Computation of Diluted Earnings Per Share) (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0.1	1.3	3
Antidilutive stock options based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0.1	1.2	0.5
Weighted average exercise price of options excluded from computation of diluted earnings per share (in dollars per share)	$ 110.42	$ 102.63	$ 108.19
Antidilutive stock options due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0	0	0.4
Antidilutive shares based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0	0.1	0.1
Antidilutive shares due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0	0	2

Share-Based Payments (Narrative

Share-Based Payments (Narrative) (Details) $ / shares in Units, $ in Millions		3 Months Ended	11 Months Ended	12 Months Ended
	Jan. 10, 2024 plan employee	Mar. 31, 2025 shares	Dec. 10, 2025 USD ($)	Dec. 31, 2024 USD ($) $ / shares Rate shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax benefit realized for exercises of stock options				$ 3	$ 2	$ 8
Tax benefit realized upon vesting of restricted stock shares, restricted stock units, and performance shares				60	77	75
Cash used to settle performance units				0	0	1
Total Compensation Cost Recognized				314	254	208
Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost for stock options				0
Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax benefit realized for exercises of stock options				1	1	4
Unrecognized compensation cost for stock options				0
Total Compensation Cost Recognized				$ 0	3	12
Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized shares remain available for grant including previously authorized but unissued shares under the Option Plan | shares				13,684,720
Employee stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum term of stock option granted (in years)				10 years
Vesting period				3 years
The total intrinsic value of stock options exercised				$ 26	$ 8	$ 33
Granted (in shares) | shares				0	0	0
Total Compensation Cost Recognized				$ 0	$ 0	$ 1
Employee stock options | Share-Based Payment Arrangement, Tranche One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting rights, percentage | Rate				33%
Employee stock options | Share-Based Payment Arrangement, Tranche Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting rights, percentage | Rate				33%
Employee stock options | Share-Based Payment Arrangement, Tranche Three
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting rights, percentage | Rate				33%
Employee stock options | Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum term of stock option granted (in years)				10 years
Vesting period				3 years
Weighed Average grant date fair value of stock options granted (in dollars per share) | $ / shares				$ 0	$ 0
The total intrinsic value of stock options exercised				$ 2	$ 3	15
Granted (in shares) | shares				0
Total Compensation Cost Recognized				$ 0	2	10
Employee Restricted Stock Restricted Units And Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
The fair market value of share awards released				302	360	366
Unrecognized Compensation Cost				$ 174
Weighted Average Recognition Period (in years)				1 year 8 months 8 days
Employee Restricted Stock Restricted Units And Performance Shares | Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
The fair market value of share awards released				$ 1	$ 1	$ 2
Employee restricted stock units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share) | $ / shares				$ 102.66	$ 102.64	$ 119.71
Award restriction period				3 years
Granted (in shares) | shares				2,146,030
Total Compensation Cost Recognized				$ 200	$ 200	$ 189
Employee restricted stock units | Share-Based Payment Arrangement, Tranche One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award restrictions, percentage | Rate				33%
Employee restricted stock units | Share-Based Payment Arrangement, Tranche Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award restrictions, percentage | Rate				33%
Employee restricted stock units | Share-Based Payment Arrangement, Tranche Three
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award restrictions, percentage | Rate				33%
Employee restricted stock units | Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share) | $ / shares				$ 0	$ 0	$ 0
Unrecognized compensation cost not including stock options				$ 0
Granted (in shares) | shares				0
Total Compensation Cost Recognized				$ 0	$ 1	$ 2
Employee performance shares and performance units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share) | $ / shares				$ 97.67	$ 103.27	$ 121.29
Number of employees to receive shares from plan modifications | employee	161
Number of performance plans affected by plan modifications | plan	3
Granted (in shares) | shares				709,411
Total Compensation Cost Recognized				$ 114	$ 54	$ 18
Employee performance shares and performance units | Subsequent Event | Forecast
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized			$ 62
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period | shares		600,000
Employee performance shares and performance units | Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax benefit realized upon vesting of restricted stock shares, restricted stock units, and performance shares				1	1	1
Total Compensation Cost Recognized				$ 0	$ 0	$ 0

Share-Based Payments (Compensat

Share-Based Payments (Compensation Cost Recognized and Related Income Tax Benefit for Stock Options, Restricted Stock Shares, Restricted Stock Units, and Performance Share Awards) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	$ 314	$ 254	$ 208
Income Tax Benefit	74	59	48
Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	0	3	12
Income Tax Benefit	0	1	3
Employee stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	0	0	1
Income Tax Benefit	0	0	0
Employee stock options | Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	0	2	10
Income Tax Benefit	0	1	2
Employee restricted stock units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	200	200	189
Income Tax Benefit	47	47	44
Employee restricted stock units | Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	0	1	2
Income Tax Benefit	0	0	1
Employee performance shares and performance units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	114	54	18
Income Tax Benefit	27	12	4
Employee performance shares and performance units | Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	0	0	0
Income Tax Benefit	$ 0	$ 0	$ 0

Share-Based Payments (Summary o

Share-Based Payments (Summary of the Status of the Company's Employee Stock Option Grants) (Details) - Employee stock options - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares
Outstanding (in shares)	1,700,332
Granted (in shares)	0	0	0
Exercised (in shares)	(1,037,398)
Forfeited (in shares)	0
Expired (in shares)	(1,039)
Outstanding (in shares)	661,895	1,700,332
Exercisable (in shares)	661,895
Weighted Average Exercise Price
Outstanding (in dollars per share)	$ 95.22
Granted (in dollars per share)	0
Exercised (in dollars per share)	94.74
Forfeited (in dollars per share)	0
Expired (in dollars per share)	84.53
Outstanding (in dollars per share)	96	$ 95.22
Exercisable (in dollars per share)	$ 96
Assurance IQ
Shares
Outstanding (in shares)	18,358
Granted (in shares)	0
Exercised (in shares)	(15,949)
Forfeited (in shares)	0
Expired (in shares)	(238)
Outstanding (in shares)	2,171	18,358
Exercisable (in shares)	2,171
Weighted Average Exercise Price
Outstanding (in dollars per share)	$ 1.53
Granted (in dollars per share)	0
Exercised (in dollars per share)	1.64
Forfeited (in dollars per share)	0
Expired (in dollars per share)	7.56
Outstanding (in dollars per share)	0.09	$ 1.53
Exercisable (in dollars per share)	$ 0.09

Share-Based Payments (Weighted

Share-Based Payments (Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value of Stock Options Outstanding, Vested and Expected to Vest, and Exercisable) (Details) - Employee stock options $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Weighted Average Remaining Contractual Term	3 years 3 months 10 days
Exercisable, Weighted Average Remaining Contractual Term	3 years 3 months 10 days
Outstanding, Aggregate Intrinsic Value	$ 15
Exercisable, Aggregate Intrinsic Value	$ 15
Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Weighted Average Remaining Contractual Term	3 months
Exercisable, Weighted Average Remaining Contractual Term	3 months
Outstanding, Aggregate Intrinsic Value	$ 0
Exercisable, Aggregate Intrinsic Value	$ 0

Share-Based Payments (Summary_2

Share-Based Payments (Summary of the Company's Employee Restricted Stock Shares, Restricted Stock Units and Performance Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares to be awarded at the end of each performance period	0%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares to be awarded at the end of each performance period	150%
Employee restricted stock units
Restricted Awards
Restricted (in shares)	4,058,190
Granted (in shares)	2,146,030
Forfeited (in shares)	(276,716)
Performance adjustment (in shares)	0
Released (in shares)	(2,008,167)
Restricted (in shares)	3,919,337	4,058,190
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 103.48
Granted (in dollars per share)	102.66	$ 102.64	$ 119.71
Forfeited (in dollars per share)	105.56
Performance adjustment (in dollars per share)	0
Released (in dollars per share)	100.26
Restricted (in dollars per share)	$ 104.53	$ 103.48
Impact of change in performance target, percent	10%
Employee performance shares and performance units
Restricted Awards
Restricted (in shares)	2,102,693
Granted (in shares)	709,411
Forfeited (in shares)	(72,428)
Performance adjustment (in shares)	(40,560)
Released (in shares)	(775,967)
Restricted (in shares)	1,923,149	2,102,693
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 103.72
Granted (in dollars per share)	97.67	$ 103.27	121.29
Forfeited (in dollars per share)	105.88
Performance adjustment (in dollars per share)	103.71
Released (in dollars per share)	103.48
Restricted (in dollars per share)	$ 101.50	$ 103.72
Assurance IQ | Employee restricted stock units
Restricted Awards
Restricted (in shares)	4,101
Granted (in shares)	0
Forfeited (in shares)	(485)
Released (in shares)	(3,616)
Restricted (in shares)	0	4,101
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 87.67
Granted (in dollars per share)	0	$ 0	$ 0
Forfeited (in dollars per share)	87.67
Released (in dollars per share)	87.67
Restricted (in dollars per share)	$ 0	$ 87.67

Segment Information (Narrative)

Segment Information (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total deferred gain (loss)		$ 466
Synthetic Gic Fees		100	$ 107	$ 113
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,209	3,072	(1,892)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Derivative, Gain (Loss) on Derivative, Net, Terminated Or Offset Before Maturity		140	178	100
Operating Segments
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures		5,926	5,599	5,198
Retirement Strategies | Operating Segments | U.S. Businesses
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,619	3,513	4,529
Retirement Strategies | Operating Segments | Individual Retirement Strategies | U.S. Businesses
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures		$ 1,763	1,818	$ 2,982
Retirement Strategies | Operating Segments | Individual Retirement Strategies | U.S. Businesses | Revision of Prior Period, Adjustment
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	$ 149		$ 55

Segment Information (Operating

Segment Information (Operating Income of Reportable Segments) (Reconciling Items) (Details) - Segment Reconciling Items - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Terminated hedges of foreign currency earnings	$ (11)	$ (32)	$ 22
Current period yield adjustments	216	467	515
Principal source of earnings	50	1	245
Investments carried at fair value through net income	(337)	754	(1,562)
Foreign currency exchange movements	(76)	(123)	286
Other Activities	$ (1)	$ (10)	$ (33)

Segment Information (Certain Fi

Segment Information (Certain Financial Information for the Reportable Segments) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total assets		$ 735,587	$ 721,212
Revenues		70,405	53,979	$ 56,881
Net Investment Income		19,909	17,865	16,037
Total Benefits and Expenses		67,196	50,907	58,773
Policyholders’ Benefits	[1]	47,119	30,931	40,816
Interest credited to policyholders’ account balances		4,582	3,983	2,193
Interest expense		2,030	1,763	1,597
Amortization of deferred policy acquisition costs		1,492	1,459	1,433
General and Administrative Expenses		11,312	11,188	10,979
Other Benefits and Expenses		661	1,583	1,755
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,209	3,072	(1,892)
Operating Segments
Segment Reporting Information [Line Items]
Revenues		68,053	50,490	59,036
Net Investment Income		17,375	15,293	13,182
Total Benefits and Expenses		62,127	44,891	53,838
Policyholders’ Benefits		44,018	27,937	37,556
Interest credited to policyholders’ account balances		3,949	3,246	2,662
Interest expense		2,019	1,754	1,578
Amortization of deferred policy acquisition costs		1,445	1,417	1,381
General and Administrative Expenses		10,531	10,227	9,629
Other Benefits and Expenses		165	310	1,032
Income (loss) before income taxes and equity in earnings of operating joint ventures		5,926	5,599	5,198
Operating Segments | PGIM | PGIM
Segment Reporting Information [Line Items]
Total assets		36,044	42,153
Revenues		4,092	3,638	3,622
Net Investment Income		15	268	94
Total Benefits and Expenses		3,217	2,925	2,779
Policyholders’ Benefits		0	0	0
Interest credited to policyholders’ account balances		0	0	0
Interest expense		105	113	57
Amortization of deferred policy acquisition costs		2	2	3
General and Administrative Expenses		3,110	2,810	2,719
Other Benefits and Expenses		0	0	0
Income (loss) before income taxes and equity in earnings of operating joint ventures		875	713	843
Operating Segments | U.S. Businesses | Retirement Strategies
Segment Reporting Information [Line Items]
Total assets		276,993	251,242
Revenues		33,320	15,562	24,586
Net Investment Income		6,784	5,634	4,571
Total Benefits and Expenses		29,701	12,049	20,057
Policyholders’ Benefits		25,893	8,893	17,625
Interest credited to policyholders’ account balances		1,703	1,112	708
Interest expense		115	73	(40)
Amortization of deferred policy acquisition costs		405	365	373
General and Administrative Expenses		1,953	1,799	1,915
Other Benefits and Expenses		(368)	(193)	(524)
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,619	3,513	4,529
Operating Segments | U.S. Businesses | Retirement Strategies | Institutional Retirement Strategies
Segment Reporting Information [Line Items]
Total assets		126,842	111,308
Revenues		28,195	11,030	19,116
Net Investment Income		4,674	4,180	3,653
Total Benefits and Expenses		26,339	9,335	17,569
Policyholders’ Benefits		25,752	8,759	17,476
Interest credited to policyholders’ account balances		664	552	394
Interest expense		31	1	15
Amortization of deferred policy acquisition costs		11	16	11
General and Administrative Expenses		257	208	207
Other Benefits and Expenses		(376)	(201)	(534)
Income (loss) before income taxes and equity in earnings of operating joint ventures		1,856	1,695	1,547
Operating Segments | U.S. Businesses | Retirement Strategies | Individual Retirement Strategies
Segment Reporting Information [Line Items]
Total assets		150,151	139,934
Revenues		5,125	4,532	5,470
Net Investment Income		2,110	1,454	918
Total Benefits and Expenses		3,362	2,714	2,488
Policyholders’ Benefits		141	134	149
Interest credited to policyholders’ account balances		1,039	560	314
Interest expense		84	72	(55)
Amortization of deferred policy acquisition costs		394	349	362
General and Administrative Expenses		1,696	1,591	1,708
Other Benefits and Expenses		8	8	10
Income (loss) before income taxes and equity in earnings of operating joint ventures		1,763	1,818	2,982
Operating Segments | U.S. Businesses | Group Insurance
Segment Reporting Information [Line Items]
Total assets		39,340	39,214
Revenues		6,427	6,285	6,115
Net Investment Income		530	512	479
Total Benefits and Expenses		6,113	5,966	6,131
Policyholders’ Benefits		4,801	4,703	4,914
Interest credited to policyholders’ account balances		149	166	153
Interest expense		11	8	4
Amortization of deferred policy acquisition costs		6	9	2
General and Administrative Expenses		1,146	1,080	1,058
Other Benefits and Expenses		0	0	0
Income (loss) before income taxes and equity in earnings of operating joint ventures		314	319	(16)
Operating Segments | U.S. Businesses | Individual Life
Segment Reporting Information [Line Items]
Total assets		122,590	116,449
Revenues		6,195	6,274	5,786
Net Investment Income		3,089	2,860	2,467
Total Benefits and Expenses		6,400	6,369	7,588
Policyholders’ Benefits		3,095	3,295	3,290
Interest credited to policyholders’ account balances		803	912	926
Interest expense		1,113	898	810
Amortization of deferred policy acquisition costs		442	456	446
General and Administrative Expenses		815	694	738
Other Benefits and Expenses		132	114	1,378
Income (loss) before income taxes and equity in earnings of operating joint ventures		(205)	(95)	(1,802)
Operating Segments | International Businesses
Segment Reporting Information [Line Items]
Total assets		180,038	191,224
Operating Segments | International Businesses | International Businesses | Life Planner
Segment Reporting Information [Line Items]
Revenues		9,352	9,596	9,541
Net Investment Income		2,508	2,351	2,119
Total Benefits and Expenses		7,482	7,596	7,597
Policyholders’ Benefits		5,605	5,841	5,992
Interest credited to policyholders’ account balances		288	243	183
Interest expense		(9)	(3)	18
Amortization of deferred policy acquisition costs		320	306	296
General and Administrative Expenses		1,044	1,104	1,101
Other Benefits and Expenses		234	105	7
Income (loss) before income taxes and equity in earnings of operating joint ventures		1,870	2,000	1,944
Operating Segments | International Businesses | International Businesses | Gibraltar Life and Other
Segment Reporting Information [Line Items]
Revenues		8,573	9,086	9,470
Net Investment Income		3,215	2,938	2,847
Total Benefits and Expenses		7,337	7,903	8,209
Policyholders’ Benefits		4,643	5,216	5,735
Interest credited to policyholders’ account balances		922	700	555
Interest expense		7	26	17
Amortization of deferred policy acquisition costs		326	316	300
General and Administrative Expenses		1,272	1,361	1,431
Other Benefits and Expenses		167	284	171
Income (loss) before income taxes and equity in earnings of operating joint ventures		1,236	1,183	1,261
Operating Segments | Corporate and Other | Corporate and Other
Segment Reporting Information [Line Items]
Revenues		94	49	(84)
Net Investment Income		1,234	730	605
Total Benefits and Expenses		1,877	2,083	1,477
Policyholders’ Benefits		(19)	(11)	0
Interest credited to policyholders’ account balances		84	113	137
Interest expense		677	639	712
Amortization of deferred policy acquisition costs		(56)	(37)	(39)
General and Administrative Expenses		1,191	1,379	667
Other Benefits and Expenses		0	0	0
Income (loss) before income taxes and equity in earnings of operating joint ventures		(1,783)	(2,034)	(1,561)
Segment Reconciling Items | Closed Block division
Segment Reporting Information [Line Items]
Total assets		48,815	51,088
Segment Reconciling Items | Corporate and Other
Segment Reporting Information [Line Items]
Total assets		31,767	29,842
Realized investment gains (losses), net, and related charges and adjustments
Segment Reporting Information [Line Items]
Revenues		(1,741)	(2,103)	(6,083)
Net Investment Income		(17)	(18)	(23)
Total Benefits and Expenses		409	407	242
Policyholders’ Benefits		(3)	(105)	207
Interest credited to policyholders’ account balances		347	431	(156)
Interest expense		0	0	0
Amortization of deferred policy acquisition costs		32	29	37
General and Administrative Expenses		0	0	0
Other Benefits and Expenses		33	52	154
Income (loss) before income taxes and equity in earnings of operating joint ventures		(2,150)	(2,510)	(6,325)
Segment Reconciling Items, Change In Value Of Market Risk Benefits, Net Of Related Hedging Gains (Losses)
Segment Reporting Information [Line Items]
Revenues		(397)	56	(443)
Net Investment Income		0	0	0
Total Benefits and Expenses		0	0	0
Policyholders’ Benefits		0	0	0
Interest credited to policyholders’ account balances		0	0	0
Interest expense		0	0	0
Amortization of deferred policy acquisition costs		0	0	0
General and Administrative Expenses		0	0	0
Other Benefits and Expenses		0	0	0
Income (loss) before income taxes and equity in earnings of operating joint ventures		(397)	56	(443)
Segment Reconciling Items, Market Experience Updates
Segment Reporting Information [Line Items]
Revenues		(88)	67	161
Net Investment Income		0	0	0
Total Benefits and Expenses		(36)	(43)	(481)
Policyholders’ Benefits		(3)	(2)	(6)
Interest credited to policyholders’ account balances		0	0	0
Interest expense		0	0	0
Amortization of deferred policy acquisition costs		0	0	0
General and Administrative Expenses		0	0	0
Other Benefits and Expenses		(33)	(41)	(475)
Income (loss) before income taxes and equity in earnings of operating joint ventures		(52)	110	642
Segment Reconciling Items, Closed Block Division
Segment Reporting Information [Line Items]
Revenues		3,287	3,666	2,958
Net Investment Income		2,048	1,959	1,976
Total Benefits and Expenses		3,400	3,766	2,976
Policyholders’ Benefits		2,342	2,354	2,428
Interest credited to policyholders’ account balances		117	118	121
Interest expense		(2)	0	9
Amortization of deferred policy acquisition costs		12	13	14
General and Administrative Expenses		290	273	289
Other Benefits and Expenses		641	1,008	115
Income (loss) before income taxes and equity in earnings of operating joint ventures		(113)	(100)	(18)
Segment Reconciling Items, Other Divested And Run-Off Business
Segment Reporting Information [Line Items]
Revenues		1,426	1,888	1,250
Net Investment Income		503	631	902
Total Benefits and Expenses		1,396	1,867	2,137
Policyholders’ Benefits		765	747	631
Interest credited to policyholders’ account balances		169	188	(434)
Interest expense		13	9	10
Amortization of deferred policy acquisition costs		3	0	1
General and Administrative Expenses		591	669	1,000
Other Benefits and Expenses		(145)	254	929
Income (loss) before income taxes and equity in earnings of operating joint ventures		30	21	(887)
Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Revenues		(135)	(85)	2
Net Investment Income		0	0	0
Total Benefits and Expenses		(119)	(17)	38
Policyholders’ Benefits		0	0	0
Interest credited to policyholders’ account balances		0	0	0
Interest expense		0	0	0
Amortization of deferred policy acquisition costs		0	0	0
General and Administrative Expenses		(119)	(17)	38
Other Benefits and Expenses		0	0	0
Income (loss) before income taxes and equity in earnings of operating joint ventures		(16)	(68)	(36)
Segment Reconciling Items, Other Adjustments
Segment Reporting Information [Line Items]
Revenues		0	0	0
Net Investment Income		0	0	0
Total Benefits and Expenses		19	36	23
Policyholders’ Benefits		0	0	0
Interest credited to policyholders’ account balances		0	0	0
Interest expense		0	0	0
Amortization of deferred policy acquisition costs		0	0	0
General and Administrative Expenses		19	36	23
Other Benefits and Expenses		0	0	0
Income (loss) before income taxes and equity in earnings of operating joint ventures		(19)	(36)	(23)
U.S. Businesses | Operating Segments
Segment Reporting Information [Line Items]
Total assets		438,923	406,905
Revenues		45,942	28,121	36,487
Net Investment Income		10,403	9,006	7,517
Total Benefits and Expenses		42,214	24,384	33,776
Policyholders’ Benefits		33,789	16,891	25,829
Interest credited to policyholders’ account balances		2,655	2,190	1,787
Interest expense		1,239	979	774
Amortization of deferred policy acquisition costs		853	830	821
General and Administrative Expenses		3,914	3,573	3,711
Other Benefits and Expenses		(236)	(79)	854
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,728	3,737	2,711
International Businesses | Operating Segments | International Businesses
Segment Reporting Information [Line Items]
Revenues		17,925	18,682	19,011
Net Investment Income		5,723	5,289	4,966
Total Benefits and Expenses		14,819	15,499	15,806
Policyholders’ Benefits		10,248	11,057	11,727
Interest credited to policyholders’ account balances		1,210	943	738
Interest expense		(2)	23	35
Amortization of deferred policy acquisition costs		646	622	596
General and Administrative Expenses		2,316	2,465	2,532
Other Benefits and Expenses		401	389	178
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,106	3,183	$ 3,205
International Businesses | Operating Segments | International Businesses | Life Planner
Segment Reporting Information [Line Items]
Total assets		76,089	81,164
International Businesses | Operating Segments | International Businesses | Gibraltar Life and Other
Segment Reporting Information [Line Items]
Total assets		$ 103,949	$ 110,060
[1] See Note 24 for additional information regarding related party transactions.

Segment Information (Revenues a

Segment Information (Revenues and Asset Management Revenues) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Asset management and service fees	[1]	$ 4,090	$ 3,717	$ 4,062
Revenues		70,405	53,979	56,881
PGIM | Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues		837	796	822
United States
Segment Reporting Information [Line Items]
Revenues		48,568	31,031	36,826
Japan
Segment Reporting Information [Line Items]
Revenues		13,760	15,538	14,599
Other Countries
Segment Reporting Information [Line Items]
Revenues		8,077	7,410	5,456
Management Service, Base
Segment Reporting Information [Line Items]
Asset management and service fees		3,386	3,169	3,434
Management Service, Incentive
Segment Reporting Information [Line Items]
Asset management and service fees		198	45	84
Financial Service, Other
Segment Reporting Information [Line Items]
Asset management and service fees		$ 506	$ 503	$ 544
[1] See Note 24 for additional information regarding related party transactions.

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Future policy benefits	$ 268,912	$ 273,281		$ 261,773
Guarantee on letters of credit	2,300
Related Party
Related Party Transaction [Line Items]
Future policy benefits			$ 9,000
Portion of in-force structured settlement annuities business			70%
Guarantee on letters of credit	$ 2,000	$ 2,000
Prismic HoldCo
Related Party Transaction [Line Items]
Carrying value			$ 200
Equity Method Investment, Ownership Percentage			20%
Prismic HoldCo | Related Party
Related Party Transaction [Line Items]
Carrying value			$ 200
Equity Method Investment, Ownership Percentage			20%

Related Party Transactions - Th

Related Party Transactions - The Company’s Related Party Balances with Prismic (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Other assets	[1],[2]	$ 13,737	$ 13,268	[3]
Accumulated other comprehensive income (loss)		(6,711)	(6,504)
Reinsurance and funds withheld payables, embedded derivatives at fair value		(118)	490
Related Party
Related Party Transaction [Line Items]
Reinsurance recoverables and deposit receivables		9,084	9,752
Other assets		187	132
Reinsurance and funds withheld payables (includes $(91) and $508 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively)		7,796	8,544
Accumulated other comprehensive income (loss)		(139)	335
Reinsurance and funds withheld payables, embedded derivatives at fair value		$ (91)	$ 508
[1] See Note 24 for additional information regarding related party transactions. See Note 4 for details of balances associated with variable interest entities. Prior period amounts have been revised to conform to current period presentation.

Related Party Transactions - _2

Related Party Transactions - The Initial and Ongoing Reinsurance Activity with Prismic Re of Operations (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Related Party Transaction [Line Items]
Premiums	[1]	$ 42,897		$ 27,364		$ 36,475
Asset management and service fees	[1]	4,090		3,717		4,062
Other income (loss)	[1]	3,037		4,065		608
Realized Investment Gains (Losses)	[1]	(3,429)	[2]	(3,615)	[2]	(4,507)
Policyholders’ benefits	[1]	(47,119)		(30,931)		(40,816)
Change in estimates of liability for future policy benefits	[1]	37		(337)		(654)
General and administrative expenses	[1]	13,342		12,951		12,576
Income (loss) from related parties, before income taxes		3,209		3,072		(1,892)
Other Comprehensive Income (Loss), before tax		(207)		(2,698)		5,686
Prudential Financial
Related Party Transaction [Line Items]
Other income (loss)		17		14		27
Realized Investment Gains (Losses)		(2)		(4)		128
Income (loss) from related parties, before income taxes		(703)		(692)		$ (513)
Related Party
Related Party Transaction [Line Items]
Premiums		6		(4,811)
Asset management and service fees		38		10
Other income (loss)		150		52
Realized Investment Gains (Losses)		255		(491)
Policyholders’ benefits		(281)		(4,915)
Change in estimates of liability for future policy benefits		7		5
General and administrative expenses		48		3
Income (loss) from related parties, before income taxes		675		(333)
Other Comprehensive Income (Loss), before tax		(473)		335
Total comprehensive income (loss), before tax		$ 202		$ 2
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions.

Related Party Transactions - _3

Related Party Transactions - The Initial and Ongoing Reinsurance Activity with Prismic Re of Cash Flows (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment gains(losses), net	[1]	$ 3,429	[2]	$ 3,615	[2]	$ 4,507
Reinsurance related-balances	[3]	2,731	[2]	683	[2]	868
Other, net	[3]	(2,124)	[2]	(3,707)	[2]	(609)	[4]
CASH FLOWS FROM FINANCING ACTIVITIES
Other, net		(830)	[2]	(645)	[2]	$ (2,226)	[5]
Related Party
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment gains(losses), net		(255)		491
Reinsurance related-balances		(743)		(235)
Other, net		16		29
CASH FLOWS FROM FINANCING ACTIVITIES
Other, net		$ 374		$ 3
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions. Prior period amounts have been updated to conform to current period presentation. The amount for the year ended December 31, 2022 includes the recognized gains on the sales of Prudential Annuities Life Assurance Corporation (“PALAC”) and the Full Service Retirement business, which were completed on April 1, 2022. See Note 1 for additional information regarding these dispositions. The amount for the year ended December 31, 2022 includes approximately $1.6 billion cash receipt from a secured borrowing related to the PALAC disposition, which was subsequently derecognized as part of a non-cash transaction during 2022 related to the novation of certain previously reinsured annuity products. See Note 1 for additional information.

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingent Liabilities [Line Items]
Fair value of collateral supporting these assets	$ 696	$ 240
Other assets:
Premium tax offset for future undiscounted assessments	25	35
Premium tax offset currently available for paid assessments	62	2
Total	87	37
Other liabilities:
Insolvency assessments	29	29
Guarantee on letters of credit	2,300
Standby Letters of Credit
Other liabilities:
Guarantee on letters of credit	1,500
Standby Uncommitted Letters Of Credit
Other liabilities:
Guarantee on letters of credit	500
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	2,552	1,798
Portion of commitment where prearrangement to sell to investor exists	578	366
Allowance for credit losses	2	1
Change in allowance for credit losses	1	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)	11,664	10,675
Expected to be funded from separate accounts
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)	0	39
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	5,015	5,409
Fair value of related collateral associated with above indemnifications	5,119	5,528
Accrued Liability associated with guarantee	0	0
Indemnification | Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	240	0
Indemnification | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company	3,272	3,102
First-loss exposure portion of above	942	898
Accrued Liability associated with guarantee	25	28
Allowance for credit losses	12	14
Change in allowance for credit losses	(2)	(3)
Guarantee of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third parties’ assets	76,416	78,009
Fair value of collateral supporting these assets	71,423	73,186
Guarantees, Liabilities, Fair Value Disclosure	(1)	(2)
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Other guarantees where amount can be determined	289	36
Accrued Liability associated with guarantee	32	32
Purchase Investments
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit losses	$ 0	$ 0

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative Excluding Litigation) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	$ 2	$ 1
Change in allowance for credit losses	1	0
Purchase Investments
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit losses	$ 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	$ 12	14
Change in allowance for credit losses	(2)	(3)
Mortgages subject to loss-sharing arrangements	$ 25,763	$ 24,875
Weighted-average debt service coverage ratio of mortgages subject to loss-sharing arrangements	1.95	1.97
Weighted-average loan-to-value ratio of mortgages subject to loss-sharing arrangements	62%	60%
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	1 Months Ended
	Aug. 31, 2020 courtOrder	May 31, 2020 courtOrder	Dec. 31, 2019 courtOrder	Jun. 30, 2019 courtOrder	Dec. 31, 2017 defendant	Dec. 31, 2024 USD ($)	May 31, 2014 defendant
Citigroup Inc., Citibank, N.A., Citigroup Funding Inc., And Citigroup Global Markets Inc.
Loss Contingencies [Line Items]
Number of court orders approving dismissal of claims				2
HSBC Holdings PLC, HSBC Bank PLC, HSBC Finance Corp., HSBC Securities (USA) Inc., And HSBC USA Inc.
Loss Contingencies [Line Items]
Number of court orders approving dismissal of claims			2
Barclays Bank PLC, Barclays Capital Inc., And Barclays PLC
Loss Contingencies [Line Items]
Number of court orders approving dismissal of claims		2
Deutsche Bank AG
Loss Contingencies [Line Items]
Number of court orders approving dismissal of claims	2
Maximum
Loss Contingencies [Line Items]
Estimate of possible losses in excess of accruals (less than) for litigation and regulatory matters | $						$ 250
Total Asset Recovery Services, LLC v. MetLife, Inc., and Prudential | Pending Litigation
Loss Contingencies [Line Items]
Loss Contingency, Number of Defendants | defendant					19
Prudential Investment Portfolio 2, o/b/o Prudential Core Short-Term Bond Fund and Prudential Core Taxable Money Market Fund v. Bank of America | Positive Outcome of Litigation | Pending Litigation
Loss Contingencies [Line Items]
Number of defendants in legal action filed by the company | defendant							10

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ / shares in Units, $ in Billions		12 Months Ended
	Feb. 04, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Dividends declared per share of Common Stock (in dollars per share)		$ 5.20	$ 5	$ 4.80
Under February 2023 Board Of Directors Authorization
Subsequent Event [Line Items]
Share Repurchase Program, Authorized, Amount			$ 1
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share of Common Stock (in dollars per share)	$ 1.35

Schedule I - Summary of Inves_2

Schedule I - Summary of Investments Other Than investments in Related Parties (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Commercial mortgage and other loans	[1]	$ 62,341	$ 59,305
Fixed Maturities, available-for-sale, Amortized Cost		341,004	334,598
Fixed Maturities, available-for-sale, at fair value	[1]	311,570	316,321
Equity securities, Fair Value	[1]	9,417	8,242
Fixed Maturities, Trading, amortized cost		13,631	10,624
Fixed maturities, trading	[1]	12,530	9,790
Assets supporting experience-rated contractholder liabilities, at amortized cost		2,582	2,496
Assets supporting experience-rated contractholder liabilities, at fair value		3,707	3,168
Commercial mortgage and other loans		62,341	59,305
Policy loans		9,795	10,047
Short-term investments (net of allowance for credit losses: 2024-$0; 2023-$0)		9,069	5,005
Other invested assets	[1]	26,351	22,855
Total Investment at Cost		471,816
Total investment		444,780	434,733
Fixed Maturities
Schedule of Investments [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost		819	889
Assets supporting experience-rated contractholder liabilities, at fair value		826	889
Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		7,043
Equity securities, Fair Value		9,417
Assets supporting experience-rated contractholder liabilities, at amortized cost		1,763	1,607
Assets supporting experience-rated contractholder liabilities, at fair value		2,881	2,279
Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		341,004
Fixed Maturities, available-for-sale, at fair value		311,570
Trading | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Trading, amortized cost		13,631
Fixed maturities, trading		12,530
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		24,869	24,874
Fixed Maturities, available-for-sale, at fair value		20,348	21,796
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		24,869
Fixed Maturities, available-for-sale, at fair value		20,348
Obligations of U.S. states and their political subdivisions
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		6,590	8,650
Fixed Maturities, available-for-sale, at fair value		6,104	8,458
Obligations of U.S. states and their political subdivisions | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		6,590
Fixed Maturities, available-for-sale, at fair value		6,104
Foreign governments | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		63,523
Fixed Maturities, available-for-sale, at fair value		57,479
Asset-backed securities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		16,979	12,514
Fixed Maturities, available-for-sale, at fair value		17,134	12,595
Asset-backed securities | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		16,979
Fixed Maturities, available-for-sale, at fair value		17,134
Residential mortgage-backed securities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		2,698	2,438
Fixed Maturities, available-for-sale, at fair value		2,490	2,265
Residential mortgage-backed securities | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		2,698
Fixed Maturities, available-for-sale, at fair value		2,490
Commercial Mortgage Backed Securities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		9,791	10,571
Fixed Maturities, available-for-sale, at fair value		9,273	$ 9,892
Commercial Mortgage Backed Securities | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		9,791
Fixed Maturities, available-for-sale, at fair value		9,273
Public utilities | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		34,779
Fixed Maturities, available-for-sale, at fair value		31,572
All other corporate bonds | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		181,512
Fixed Maturities, available-for-sale, at fair value		166,858
Redeemable preferred stock | Available-for-sale | Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		263
Fixed Maturities, available-for-sale, at fair value		312
Other common stocks | Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		5,720
Equity securities, Fair Value		7,076
Mutual funds | Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		1,074
Equity securities, Fair Value		2,073
Nonredeemable preferred stock | Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		57
Equity securities, Fair Value		74
Perpetual preferred stock | Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		192
Equity securities, Fair Value		194
Commercial mortgage and agricultural properties loans and other collateralized loans
Schedule of Investments [Line Items]
Commercial mortgage and other loans		61,761
Uncollateralized loans
Schedule of Investments [Line Items]
Commercial mortgage and other loans		$ 580
[1] See Note 4 for details of balances associated with variable interest entities.

Schedule II - Condensed Finan_2

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Financial Position) (Details) - USD ($) $ / shares in Units, $ in Millions		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)	[1]	$ 311,570		$ 316,321
Equity Securities	[1]	9,417		8,242
Other invested assets	[1]	26,351		22,855
Total investment		444,780		434,733
Cash and cash equivalents		18,497	[1]	19,419	[1]	$ 17,251
Investment in subsidiaries		782		1,192		$ 1,211
Other assets	[1],[2]	13,737		13,268	[3]
TOTAL ASSETS		735,587		721,212
LIABILITIES
Short-term debt		953		618
Long-term debt		19,187		18,882
Other Liabilities	[1]	16,679		16,071
Total liabilities		705,461		691,336
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 December 31, 2024 and December 31, 2023)		6		6
Additional paid-in capital		25,901		25,746
Common Stock held in treasury, at cost (311,738,187 and 307,089,216 shares as of December 31, 2024 and 2023, respectively)		(24,511)		(23,780)
Accumulated Other Comprehensive Income (Loss)		(6,711)		(6,504)
Retained earnings		33,187		32,352
Total equity		27,872		27,820
Total liabilities and equity		735,587		721,212
Fixed Maturities, available-for-sale, Amortized Cost		$ 341,004		$ 334,598
Preferred Stock, par value (in dollars per share)		$ 0.01		$ 0.01
Preferred Stock, Shares Authorized		10,000,000		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		311,738,187		307,089,216
Prudential Financial
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2024- $1,477; 2023- $1,519)		$ 1,335		$ 1,386
Equity Securities		25		25
Other invested assets		3,361		2,237
Total investment		4,721		3,648
Cash and cash equivalents		1,051		971		$ 1,396	$ 1,251
Due from subsidiaries		3,460		2,377
Loans receivable from subsidiaries		5,251		7,448
Investment in subsidiaries		41,054		38,519
Property, plant and equipment		381		404
Income taxes receivable		418		682
Other assets		475		315
TOTAL ASSETS		56,811		54,364
LIABILITIES
Due to subsidiaries		3,800		3,166
Loans payable to subsidiaries		5,602		4,602
Short-term debt		25		25
Long-term debt		18,793		18,162
Income Taxes Payable		167		100
Other Liabilities		552		489
Total liabilities		28,939		26,544
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 December 31, 2024 and December 31, 2023)		6		6
Additional paid-in capital		25,901		25,746
Common Stock held in treasury, at cost (311,738,187 and 307,089,216 shares as of December 31, 2024 and 2023, respectively)		(24,511)		(23,780)
Accumulated Other Comprehensive Income (Loss)		(6,711)		(6,504)
Retained earnings		33,187		32,352
Total equity		27,872		27,820
Total liabilities and equity		56,811		54,364
Fixed Maturities, available-for-sale, Amortized Cost		1,477		1,519
Equity securities, at cost		$ 25		$ 25
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		311,738,187		307,089,216
[1] See Note 4 for details of balances associated with variable interest entities. See Note 24 for additional information regarding related party transactions. Prior period amounts have been revised to conform to current period presentation.

Schedule II - Condensed Finan_3

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Operations) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
REVENUES
Net investment income		$ 19,909		$ 17,865		$ 16,037
Realized investment gains (losses), net	[1]	(3,429)	[2]	(3,615)	[2]	(4,507)
Other income (loss)	[1]	3,037		4,065		608
Total revenues		70,405		53,979		56,881
EXPENSES
Interest expense		2,030		1,763		1,597
Income (loss) before income taxes and equity in earnings of operating joint ventures		3,209		3,072		(1,892)
Total income tax expense (benefit)		507		613		(279)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		2,702		2,459		(1,613)
Equity in earnings of joint ventures and other operating entities, net of taxes		144		49		(62)
Net income (loss)		2,846		2,508		(1,675)
Comprehensive income (loss) attributable to Prudential Financial, Inc.		2,520		(210)		4,040
Prudential Financial
REVENUES
Net investment income		376		345		177
Realized investment gains (losses), net		(2)		(4)		128
Affiliated interest revenue		392		408		387
Other income (loss)		17		14		27
Total revenues		783		763		719
EXPENSES
General and administrative expenses		164		173		71
Interest expense		1,322		1,282		1,161
Total expenses		1,486		1,455		1,232
Income (loss) before income taxes and equity in earnings of operating joint ventures		(703)		(692)		(513)
Total income tax expense (benefit)		(192)		(152)		(134)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		(511)		(540)		(379)
Equity In Earnings Of Subsidiaries		3,191		3,023		(1,268)
Equity in earnings of joint ventures and other operating entities, net of taxes		47		5		0
Net income (loss)		2,727		2,488		(1,647)
Other Comprehensive Income (loss)		(207)		(2,698)		5,687
Comprehensive income (loss) attributable to Prudential Financial, Inc.		$ 2,520		$ (210)		$ 4,040
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions.

Schedule II - Condensed Finan_4

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Cash Flow) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ 2,846		$ 2,508		$ (1,675)
Adjustments to reconcile net income to cash provided by operating activities:
Equity in earnings of joint ventures and other operating entities, net of taxes		144		49		(62)
Realized investment (gains) losses, net(1)	[1]	3,429	[2]	3,615	[2]	4,507
Dividends received from subsidiaries		95		66		81
Change in:
Other, net	[3]	(2,124)	[2]	(3,707)	[2]	(609)	[4]
Cash flows from (used in) operating activities		8,502		6,510		5,158
Proceeds from the sale/maturity of:
Fixed maturities, available-for-sale		59,059		44,097		50,823
Short-term investments		33,316		32,684		40,653
Payments for the purchase of:
Fixed maturities, available-for-sale		(72,997)		(47,580)		(60,070)
Short-term investments		(37,244)		(32,872)		(37,894)
Payments for (Proceeds from) Other Investing Activities		(50)		(676)		(98)
Cash flows from (used in) investing activities		(28,585)		(12,122)		(7,638)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock		(1,891)		(1,846)		(1,817)
Common Stock acquired		(1,000)		(1,012)		(1,488)
Common Stock reissued for exercise of stock options		201		126		163
Proceeds from the issuance of debt (maturities longer than 90 days)		1,423		716		2,706
Repayments of debt (maturities longer than 90 days)		(814)		(1,982)		(1,184)
Net change in financing arrangements (maturities 90 days or less)		(583)		10		(214)
Other, financing		830	[2]	645	[2]	2,226	[5]
Cash flows from (used in) financing activities		19,394		7,739		4,933
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		19,419	[6]	17,251
CASH AND CASH EQUIVALENTS, END OF YEAR		18,497	[6]	19,419	[6]	17,251
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid (refunds received) during the period for taxes		756		895		1,090
Prudential Financial
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		2,727		2,488		(1,647)
Adjustments to reconcile net income to cash provided by operating activities:
Equity in earnings of subsidiaries		(3,191)		(3,023)		1,268
Equity in earnings of joint ventures and other operating entities, net of taxes		47		5		0
Realized investment (gains) losses, net(1)		2		4		(128)
Dividends received from subsidiaries		3,032		3,705		3,967
Property, plant and equipment		(3)		(15)		(8)
Change in:
Due to/from subsidiaries, net		(106)		212		681
Other, net		145		(487)		39
Cash flows from (used in) operating activities		2,559		2,879		4,172
Proceeds from the sale/maturity of:
Fixed maturities, available-for-sale		212		372		76
Short-term investments		15,502		19,196		23,529
Payments for the purchase of:
Fixed maturities, available-for-sale		(171)		(171)		(744)
Short-term investments		(16,627)		(18,938)		(24,080)
Capital contributions to subsidiaries		(384)		(1,651)		(2,527)
Returns of capital contributions from subsidiaries		300		599		2,098
Loans to subsidiaries, net of maturities		197		584		(157)
Payments for (Proceeds from) Other Investing Activities		0		0		0
Cash flows from (used in) investing activities		(971)		(9)		(1,805)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock		(1,891)		(1,846)		(1,817)
Common Stock acquired		(1,000)		(1,012)		(1,488)
Common Stock reissued for exercise of stock options		201		126		163
Proceeds from the issuance of debt (maturities longer than 90 days)		1,123		495		2,474
Repayments of debt (maturities longer than 90 days)		(512)		(1,514)		(1,005)
Repayments of loans from subsidiaries		(9)		(660)		(1,811)
Proceeds from loans payable to subsidiaries		702		1,256		1,386
Net change in financing arrangements (maturities 90 days or less)		(1)		1		(2)
Other, financing		(121)		(141)		(122)
Cash flows from (used in) financing activities		(1,508)		(3,295)		(2,222)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		80		(425)		145
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		971		1,396		1,251
CASH AND CASH EQUIVALENTS, END OF YEAR		1,051		971		1,396
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for interest		1,231		1,224		1,071
Cash paid (refunds received) during the period for taxes		(448)		554		(231)
NON-CASH TRANSACTIONS DURING THE YEAR
Non-cash capital contributions to subsidiaries		(2,919)		(753)		(620)
Non-cash dividends/returns of capital from subsidiaries		83		1,067		501
Treasury Stock shares issued for stock-based compensation programs		$ 216		$ 275		$ 235
[1] See Note 24 for additional information regarding related party transactions. See Note 24 for additional information regarding related party transactions. Prior period amounts have been updated to conform to current period presentation. The amount for the year ended December 31, 2022 includes the recognized gains on the sales of Prudential Annuities Life Assurance Corporation (“PALAC”) and the Full Service Retirement business, which were completed on April 1, 2022. See Note 1 for additional information regarding these dispositions. The amount for the year ended December 31, 2022 includes approximately $1.6 billion cash receipt from a secured borrowing related to the PALAC disposition, which was subsequently derecognized as part of a non-cash transaction during 2022 related to the novation of certain previously reinsured annuity products. See Note 1 for additional information. See Note 4 for details of balances associated with variable interest entities.

Schedule II - Condensed Finan_5

Schedule II - Condensed Financial Information of Registrant (Short and Long-Term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Short-term debt	$ 953,000	$ 618,000
Long-term debt	$ 19,187,000	$ 18,882,000
Commercial Paper, Weighted Average Interest Rate	4.61%	5.50%
Interest expense	$ 2,030,000	$ 1,763,000	$ 1,597,000
Prudential Financial
Debt Instrument [Line Items]
Short-term debt	25,000	25,000
Long-term debt	18,793,000	18,162,000
Interest expense	1,322,000	1,282,000	1,161,000
Prudential Financial | Derivatives
Debt Instrument [Line Items]
Interest expense	0	0	$ 0
Prudential Financial | Commercial Paper
Debt Instrument [Line Items]
Short-term debt	$ 25,000	$ 25,000
Commercial Paper, Weighted Average Interest Rate	4.38%	5.35%
Prudential Financial | Current portion of long-term debt
Debt Instrument [Line Items]
Short-term debt	$ 0	$ 0
Prudential Financial | Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	$ 8,548,000	8,050,000
Prudential Financial | Minimum | Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	3.70%
Prudential Financial | Maximum | Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	6.75%
Fixed rate | Prudential Financial | Senior notes
Debt Instrument [Line Items]
Long-term debt	$ 10,245,000	$ 10,112,000
Fixed rate | Prudential Financial | Minimum | Senior notes
Debt Instrument [Line Items]
Interest Rate	1.50%
Fixed rate | Prudential Financial | Maximum | Senior notes
Debt Instrument [Line Items]
Interest Rate	6.63%

Schedule II - Condensed Finan_6

Schedule II - Condensed Financial Information of Registrant (Contractual Maturities for Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2026	$ 536
2027	287
2028	390
2029	95
2030 and thereafter	17,879
Long-term debt	19,187	$ 18,882
Prudential Financial
Debt Instrument [Line Items]
2026	536
2027	32
2028	390
2029	71
2030 and thereafter	17,764
Long-term debt	$ 18,793	$ 18,162

Schedule II - Condensed Finan_7

Schedule II - Condensed Financial Information of Registrant (Dividends and Returns of Capital) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
PRIAC
Condensed Financial Statements, Captions [Line Items]
Proceeds from Dividends Received			$ 2,400
Prudential Annuities Life Assurance Corporation
Condensed Financial Statements, Captions [Line Items]
Proceeds from Dividends Received			2,081
Rabbi Trust
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries		$ 900
Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	$ 3,332	4,304	6,065
Prudential Annuities Holding Company | Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	0	18	74
International Insurance and Investments Holding Companies | Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	1,385	216	1,313
Prudential Insurance Company of America | Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	1,550	3,100	2,400
PGIM Holding Company | Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	61	66	156
Prudential Annuities Life Assurance Corporation | Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	0	0	2,081
Other Companies(2) | Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	$ 336	$ 904	$ 41

Schedule II - Condensed Finan_8

Schedule II - Condensed Financial Information of Registrant (Narratives) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023	Dec. 31, 2013
Schedule II Narrative [Line Items]
Increase (Decrease) In Interest Expense, Derivative Instruments		$ 2,030,000	$ 1,763,000	$ 1,597,000
Guarantee on letters of credit		2,300,000
Other Income	[1]	(3,037,000)	(4,065,000)	(608,000)
Related Party
Schedule II Narrative [Line Items]
Guarantee on letters of credit		2,000,000	2,000,000
Other Income		(150,000)	(52,000)
Prismic HoldCo
Schedule II Narrative [Line Items]
Carrying value					$ 200,000
Equity Method Investment, Ownership Percentage					20%
Prismic HoldCo | Related Party
Schedule II Narrative [Line Items]
Carrying value					$ 200,000
Equity Method Investment, Ownership Percentage					20%
Individual Annuities PALAC
Schedule II Narrative [Line Items]
Net pre-tax gain on sale				1,448,000
Retirement Full Service
Schedule II Narrative [Line Items]
Net pre-tax gain on sale				650,000
Equity Method Investment, Deferred Gain on Sale				400,000
Held-for-sale | Retirement Full Service
Schedule II Narrative [Line Items]
Net pre-tax gain on sale				650,000
Equity Method Investment, Deferred Gain on Sale			400,000
Other Income				(850,000)
Prudential Financial
Schedule II Narrative [Line Items]
Increase (Decrease) In Interest Expense, Derivative Instruments		1,322,000	1,282,000	1,161,000
Other Income		(17,000)	(14,000)	(27,000)
Derivatives | Prudential Financial
Schedule II Narrative [Line Items]
Increase (Decrease) In Interest Expense, Derivative Instruments		0	$ 0	$ 0
Standby Letters of Credit
Schedule II Narrative [Line Items]
Guarantee on letters of credit		1,500,000
Standby Uncommitted Letters Of Credit
Schedule II Narrative [Line Items]
Guarantee on letters of credit		500,000
Commercial Paper | Prudential Financial
Schedule II Narrative [Line Items]
Guarantee obligation		497,000
Investee Debt | Prudential Financial
Schedule II Narrative [Line Items]
Guarantee obligation		$ 4,800,000
Commitments to Extend Credit | Prudential Financial
Schedule II Narrative [Line Items]
Guarantee obligation						$ 500,000
[1] See Note 24 for additional information regarding related party transactions.

Schedule III - Supplementary _2

Schedule III - Supplementary Insurance Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	$ 20,448	$ 20,856	$ 20,546
Future Policy Benefits, Losses, Claims Expenses	268,600	272,957	261,446
Unearned Premiums	312	324	327
Other Policy  Claims and Benefits Payable	166,972	148,493	136,318
Premiums, Policy Charges and Fee Income	47,195	31,891	41,090
Net Investment Income	19,909	17,865	16,037
Benefits, Claims, Losses and Settlement Expenses	52,399	35,983	43,207
Amortization of DAC	1,492	1,459	1,433
Other Operating Expenses	13,342	13,128	13,479
U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	11,551	11,757	11,809
Future Policy Benefits, Losses, Claims Expenses	117,864	106,756	99,699
Unearned Premiums	246	251	249
Other Policy  Claims and Benefits Payable	102,944	85,988	75,933
Premiums, Policy Charges and Fee Income	33,008	16,589	25,159
Net Investment Income	10,405	9,010	7,510
Benefits, Claims, Losses and Settlement Expenses	36,245	18,943	27,894
Amortization of DAC	889	862	861
Other Operating Expenses	5,148	4,551	4,481
International Businesses
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	9,304	9,351	8,941
Future Policy Benefits, Losses, Claims Expenses	99,633	113,428	108,941
Unearned Premiums	66	73	77
Other Policy  Claims and Benefits Payable	54,881	51,971	46,936
Premiums, Policy Charges and Fee Income	12,103	13,231	13,844
Net Investment Income	5,715	5,281	4,970
Benefits, Claims, Losses and Settlement Expenses	12,059	12,525	12,319
Amortization of DAC	646	622	596
Other Operating Expenses	2,314	2,488	2,569
Total PFI excluding Closed Block division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	20,292	20,688	20,365
Future Policy Benefits, Losses, Claims Expenses	226,136	229,370	217,032
Unearned Premiums	312	324	327
Other Policy  Claims and Benefits Payable	161,925	142,553	131,094
Premiums, Policy Charges and Fee Income	45,505	30,216	39,391
Net Investment Income	17,861	15,906	14,061
Benefits, Claims, Losses and Settlement Expenses	49,299	32,503	40,544
Amortization of DAC	1,480	1,446	1,419
Other Operating Expenses	13,054	12,856	13,181
PGIM | PGIM
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	0	0	0
Future Policy Benefits, Losses, Claims Expenses	0	0	0
Unearned Premiums	0	0	0
Other Policy  Claims and Benefits Payable	0	0	0
Premiums, Policy Charges and Fee Income	0	0	0
Net Investment Income	15	268	94
Benefits, Claims, Losses and Settlement Expenses	0	0	0
Amortization of DAC	2	2	3
Other Operating Expenses	3,097	2,937	2,791
Institutional Retirement Strategies | U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	208	139	95
Future Policy Benefits, Losses, Claims Expenses	84,717	75,431	70,690
Unearned Premiums	0	0	0
Other Policy  Claims and Benefits Payable	18,761	17,520	17,159
Premiums, Policy Charges and Fee Income	22,979	6,375	15,072
Net Investment Income	4,603	4,161	3,643
Benefits, Claims, Losses and Settlement Expenses	26,392	9,209	18,111
Amortization of DAC	10	10	3
Other Operating Expenses	286	210	220
Individual Retirement Strategies | U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	4,091	3,881	4,282
Future Policy Benefits, Losses, Claims Expenses	1,181	1,229	1,232
Unearned Premiums	0	0	0
Other Policy  Claims and Benefits Payable	46,105	30,860	22,168
Premiums, Policy Charges and Fee Income	1,312	1,335	1,605
Net Investment Income	2,124	1,453	924
Benefits, Claims, Losses and Settlement Expenses	1,042	713	577
Amortization of DAC	430	387	409
Other Operating Expenses	1,779	1,663	1,654
Retirement Strategies | U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	4,299	4,020	4,377
Future Policy Benefits, Losses, Claims Expenses	85,898	76,660	71,922
Unearned Premiums	0	0	0
Other Policy  Claims and Benefits Payable	64,866	48,380	39,327
Premiums, Policy Charges and Fee Income	24,291	7,710	16,677
Net Investment Income	6,727	5,614	4,567
Benefits, Claims, Losses and Settlement Expenses	27,434	9,922	18,688
Amortization of DAC	440	397	412
Other Operating Expenses	2,065	1,873	1,874
Group Insurance | U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	159	137	143
Future Policy Benefits, Losses, Claims Expenses	5,425	5,348	5,408
Unearned Premiums	246	251	249
Other Policy  Claims and Benefits Payable	5,032	5,342	5,882
Premiums, Policy Charges and Fee Income	5,807	5,699	5,556
Net Investment Income	531	517	482
Benefits, Claims, Losses and Settlement Expenses	4,949	4,869	5,068
Amortization of DAC	6	9	2
Other Operating Expenses	1,157	1,088	1,061
Individual Life | U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	7,093	7,600	7,289
Future Policy Benefits, Losses, Claims Expenses	26,541	24,748	22,369
Unearned Premiums	0	0	0
Other Policy  Claims and Benefits Payable	33,046	32,266	30,724
Premiums, Policy Charges and Fee Income	2,910	3,180	2,926
Net Investment Income	3,147	2,879	2,461
Benefits, Claims, Losses and Settlement Expenses	3,862	4,152	4,138
Amortization of DAC	443	456	447
Other Operating Expenses	1,926	1,590	1,546
Life Planner | International Businesses
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	4,754	4,909	4,710
Future Policy Benefits, Losses, Claims Expenses	48,285	55,079	51,793
Unearned Premiums	1	2	1
Other Policy  Claims and Benefits Payable	13,462	13,308	11,400
Premiums, Policy Charges and Fee Income	6,652	7,000	7,127
Net Investment Income	2,499	2,339	2,130
Benefits, Claims, Losses and Settlement Expenses	6,458	6,555	6,038
Amortization of DAC	320	306	296
Other Operating Expenses	1,034	1,101	1,119
Gibraltar Life and Other | International Businesses
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	4,550	4,442	4,231
Future Policy Benefits, Losses, Claims Expenses	51,348	58,349	57,148
Unearned Premiums	65	71	76
Other Policy  Claims and Benefits Payable	41,419	38,663	35,536
Premiums, Policy Charges and Fee Income	5,451	6,231	6,717
Net Investment Income	3,216	2,942	2,840
Benefits, Claims, Losses and Settlement Expenses	5,601	5,970	6,281
Amortization of DAC	326	316	300
Other Operating Expenses	1,280	1,387	1,450
Corporate and Other
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	(563)	(420)	(385)
Future Policy Benefits, Losses, Claims Expenses	8,639	9,186	8,392
Unearned Premiums	0	0	1
Other Policy  Claims and Benefits Payable	4,100	4,594	8,225
Premiums, Policy Charges and Fee Income	394	396	388
Net Investment Income	1,726	1,347	1,487
Benefits, Claims, Losses and Settlement Expenses	995	1,035	331
Amortization of DAC	(57)	(40)	(41)
Other Operating Expenses	2,495	2,880	3,340
Closed Block division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	156	168	181
Future Policy Benefits, Losses, Claims Expenses	42,464	43,587	44,414
Unearned Premiums	0	0	0
Other Policy  Claims and Benefits Payable	5,047	5,940	5,224
Premiums, Policy Charges and Fee Income	1,690	1,675	1,699
Net Investment Income	2,048	1,959	1,976
Benefits, Claims, Losses and Settlement Expenses	3,100	3,480	2,663
Amortization of DAC	12	13	14
Other Operating Expenses	$ 288	$ 272	$ 298

Schedule IV - Reinsurance (Deta

Schedule IV - Reinsurance (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount		$ 4,125,517	$ 4,173,524	$ 4,133,602
Ceded to Other Companies		979,667	891,770	858,957
Assumed from Other Companies		159,355	165,988	178,286
Net Amount		$ 3,305,205	$ 3,447,742	$ 3,452,931
Percentage of Amount Assumed to Net		4.80%	4.80%	5.20%
Gross Amount		$ 39,222	$ 29,475	$ 34,721
Ceded to Other Companies		2,492	7,116	2,318
Assumed from Other Companies		6,167	5,005	4,072
Premiums	[1]	$ 42,897	$ 27,364	$ 36,475
Percentage of Amount Assumed to Net		14.40%	18.30%	11.20%
Life Insurance
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount		$ 36,320	$ 26,585	$ 31,900
Ceded to Other Companies		2,384	7,028	2,227
Assumed from Other Companies		6,167	5,005	4,072
Premiums		$ 40,103	$ 24,562	$ 33,745
Percentage of Amount Assumed to Net		15.40%	20.40%	12.10%
Accident and Health Insurance
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount		$ 2,902	$ 2,890	$ 2,821
Ceded to Other Companies		108	88	91
Assumed from Other Companies		0	0	0
Premiums		$ 2,794	$ 2,802	$ 2,730
Percentage of Amount Assumed to Net		0%	0%	0%
[1] See Note 24 for additional information regarding related party transactions.