Equitable (EQH) 10-Q5 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2024	Nov. 01, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-38469
Entity Registrant Name	Equitable Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	90-0226248
Entity Address, Address Line One	1345 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10105
City Area Code	212
Local Phone Number	554-1234
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		313,337,413
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Amendment Flag	false
Entity Central Index Key	0001333986
Current Fiscal Year End Date	--12-31
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	EQH
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series A
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series A
Trading Symbol	EQH PR A
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series C
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series C
Trading Symbol	EQH PR C
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost of $81,681 and $74,033) (allowance for credit losses of $4 and $4)		$ 76,245	$ 67,030
Fixed maturities, at fair value using the fair value option	[1]	1,700	1,654
Mortgage loans on real estate (net of allowance for credit losses of $0 and $279)	[1]	19,237	18,171
Policy loans		4,293	4,158
Other equity investments	[1]	3,731	3,384
Trading securities, at fair value		2,215	1,057
Other invested assets	[1]	6,825	6,719
Total investments		114,246	102,173
Cash and cash equivalents	[1]	9,579	8,239
Cash and securities segregated, at fair value		547	868
Broker-dealer related receivables		1,898	1,837
Deferred policy acquisition costs		7,031	6,705
Goodwill and other intangible assets, net		5,388	5,433
Amounts due from reinsurers (allowance for credit losses of $8 and $7)		8,222	8,352
Current and deferred income taxes		1,701	2,050
Purchased market risk benefits		8,492	9,427
Other assets	[1]	3,738	3,323
Assets held-for-sale		0	565
Assets for market risk benefits		740	591
Separate Accounts assets		137,407	127,251
Total Assets		298,989	276,814
LIABILITIES
Policyholders’ account balances		107,433	95,673
Liability for market risk benefits		13,197	14,612
Future policy benefits and other policyholders' liabilities		17,936	17,363
Broker-dealer related payables		1,382	1,232
Customer related payables		1,795	2,201
Amounts due to reinsurers		1,421	1,450
Short-term debt		0	254
Long-term debt		3,831	3,820
Notes issued by consolidated variable interest entities, at fair value using the fair value option	[1]	1,744	1,559
Other liabilities	[1]	6,645	6,088
Liabilities held-for-sale		0	153
Separate Accounts liabilities		137,407	127,251
Total Liabilities		292,791	271,656
Redeemable noncontrolling interest	[1],[2]	1,223	770
Commitments and contingent liabilities	[3]
Equity attributable to Holdings:
Preferred stock and additional paid-in capital, $1 par value and $25,000 liquidation preference		1,562	1,562
Common stock, $0.01 par value, $2,000,000,000 shares authorized; 480,869,116 and 491,003,966 shares issued, respectively; 315,465,246 and 333,877,990 shares outstanding, respectively		5	5
Additional paid-in capital		2,343	2,328
Treasury stock, at cost, $165,289,752 and 157,125,976 shares, respectively		(4,072)	(3,712)
Retained earnings		9,977	10,243
Accumulated other comprehensive income (loss)		(6,595)	(7,777)
Total equity attributable to Holdings		3,220	2,649
Noncontrolling interest		1,755	1,739
Total Equity		4,975	4,388
Total Liabilities, Redeemable Noncontrolling Interest and Equity		$ 298,989	$ 276,814

[1]See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.[2]See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.[3]See Note 16 of the Notes to these Consolidated Financial Statements for details of commitments and contingent liabilities.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Amortized cost of fixed maturities available-for-sale	$ 81,681,000,000	$ 74,033,000,000
Allowance for credit losses of fixed maturities available-for-sale	4,000,000	4,000,000
Allowance for credit losses of mortgage loans on real estate	261,000,000	279,000,000
Allowance for credit losses of amounts due from reinsurers	$ 8,000,000	$ 7,000,000
Preferred stock par value (in dollars per share)	$ 1	$ 1
Preferred stock, liquidation preference	$ 25,000	$ 25,000
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock issued (in shares)	480,869,116	491,003,966
Common stock outstanding (in shares)	315,465,246	333,877,990
Treasury stock (in shares)	165,289,752	157,125,976

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUES
Policy charges and fee income		$ 626	$ 599	$ 1,857	$ 1,781
Premiums		313	267	870	823
Net derivative gains (losses)		(714)	615	(2,298)	(1,143)
Net investment income (loss)		1,309	1,071	3,694	3,097
Investment gains (losses), net:
Credit and intent to sell losses on available for sale debt securities and loans		(28)	(65)	(63)	(145)
Other investment gains (losses), net		(18)	(346)	(38)	(409)
Total investment gains (losses), net		(46)	(411)	(101)	(554)
Investment management and service fees		1,287	1,217	3,805	3,579
Other income		301	266	989	775
Total revenues		3,076	3,624	8,816	8,358
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits		663	693	2,007	2,107
Remeasurement of liability for future policy benefits		16	49	9	46
Change in market risk benefits and purchased market risk benefits		79	(817)	(1,154)	(1,772)
Interest credited to policyholders’ account balances		708	556	1,879	1,520
Compensation and benefits		571	593	1,768	1,742
Commissions and distribution-related payments		485	405	1,385	1,178
Interest expense		55	55	174	171
Amortization of deferred policy acquisition costs		184	165	525	472
Other operating costs and expenses		329	450	1,309	1,339
Total benefits and other deductions		3,090	2,149	7,902	6,803
Income (loss) from continuing operations, before income taxes		(14)	1,475	914	1,555
Income tax (expense) benefit		40	(340)	(106)	677
Net income (loss)		26	1,135	808	2,232
Less: Net income (loss) attributable to the noncontrolling interest	[1]	160	71	400	232
Net income (loss) attributable to Holdings		(134)	1,064	408	2,000
Less: Preferred stock dividends		14	14	54	54
Net income (loss) available to Holdings’ common shareholders, basic		(148)	1,050	354	1,946
Net income (loss) available to Holdings’ common shareholders, diluted		$ (148)	$ 1,050	$ 354	$ 1,946
Net income (loss) applicable to Holdings’ common shareholders per common share:
Basic (in dollars per share)		$ (0.47)	$ 3.03	$ 1.09	$ 5.49
Diluted (in dollars per share)		$ (0.47)	$ 3.02	$ 1.08	$ 5.47
Weighted average common shares outstanding (in millions):
Basic (in shares)		318.2	346.4	324.2	354.4
Diluted (in shares)		318.2	348	327.7	355.9

[1]Includes redeemable noncontrolling interest. See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 26	$ 1,135	$ 808	$ 2,232
Other comprehensive income (loss) net of income taxes:
Change in unrealized gains (losses), net of reclassification adjustment	2,255	(1,766)	1,334	(764)
Change in market risk benefits - instrument-specific credit risk	(5)	(1,086)	(133)	(235)
Change in liability for future policy benefits - current discount rate	(223)	195	(58)	157
Change in defined benefit plan related items not yet recognized in periodic benefit cost, net of reclassification adjustment	11	6	29	35
Foreign currency translation adjustment	20	(16)	17	(5)
Total other comprehensive income (loss), net of income taxes	2,058	(2,667)	1,189	(812)
Comprehensive income (loss)	2,084	(1,532)	1,997	1,420
Less: Comprehensive income (loss) attributable to the noncontrolling interest	168	64	407	230
Comprehensive income (loss) attributable to Holdings	$ 1,916	$ (1,596)	$ 1,590	$ 1,190

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Total Holdings Equity	Preferred Stock and Additional Paid-In Capital	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest
Balance, beginning of period at Dec. 31, 2022	$ 3,141	$ 1,401	$ 1,562	$ 4	$ 2,299	$ (3,297)	$ 9,825	$ (8,992)	$ 1,740
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	79	60			40	20			19
Purchase of treasury stock	(678)	(678)		(1)	(7)	(670)
Reissuance of treasury stock	(26)	(26)					(26)
Retirement of common stock	0	0				355	(355)
Purchase of AB Holding units	(71)								(71)
Dividends paid to noncontrolling interest	(252)								(252)
Dividends on common stock	(227)	(227)					(227)
Dividends on preferred stock	(54)	(54)					(54)
Net income (loss)	2,208	2,000					2,000		208
Other comprehensive income (loss)	(812)	(810)						(810)	(2)
Other	(27)	(24)			(24)				(3)
Balance, end of period at Sep. 30, 2023	3,281	1,642	1,562	3	2,308	(3,592)	11,163	(9,802)	1,639
Balance, beginning of period at Jun. 30, 2023	5,260	3,553	1,562	4	2,297	(3,493)	10,325	(7,142)	1,707
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	16	12			14	(2)			4
Purchase of treasury stock	(238)	(238)		(1)	(4)	(233)
Reissuance of treasury stock	1	1					1
Retirement of common stock	0	0				136	(136)
Purchase of AB Holding units	(52)								(52)
Dividends paid to noncontrolling interest	(78)								(78)
Dividends on common stock	(77)	(77)					(77)
Dividends on preferred stock	(14)	(14)					(14)
Net income (loss)	1,129	1,064					1,064		65
Other comprehensive income (loss)	(2,667)	(2,660)						(2,660)	(7)
Other	1	1			1
Balance, end of period at Sep. 30, 2023	3,281	1,642	1,562	3	2,308	(3,592)	11,163	(9,802)	1,639
Balance, beginning of period at Dec. 31, 2023	4,388	2,649	1,562	5	2,328	(3,712)	10,243	(7,777)	1,739
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	99	72			50	22			27
Purchase of treasury stock	(754)	(754)			5	(759)
Reissuance of treasury stock	(15)	(15)					(15)
Retirement of common stock	0	0				377	(377)
Purchase of AB Holding units	(90)	(12)			(12)				(78)
Dividends paid to noncontrolling interest	(278)								(278)
Dividends on common stock	(227)	(227)					(227)
Dividends on preferred stock	(54)	(54)					(54)
Net income (loss)	748	408					408		340
Other comprehensive income (loss)	1,189	1,182						1,182	7
Other	(31)	(29)			(28)		(1)		(2)
Balance, end of period at Sep. 30, 2024	4,975	3,220	1,562	5	2,343	(4,072)	9,977	(6,595)	1,755
Balance, beginning of period at Jun. 30, 2024	3,385	1,644	1,562	5	2,337	(3,932)	10,317	(8,645)	1,741
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	29	23			18	5			6
Purchase of treasury stock	(254)	(254)			7	(261)
Reissuance of treasury stock	2	2					2
Retirement of common stock	0	0				116	(116)
Purchase of AB Holding units	(56)	(12)			(12)				(44)
Dividends paid to noncontrolling interest	(89)								(89)
Dividends on common stock	(76)	(76)					(76)
Dividends on preferred stock	(14)	(14)					(14)
Net income (loss)	0	(134)					(134)		134
Other comprehensive income (loss)	2,058	2,050						2,050	8
Other	(10)	(9)			(7)		(2)		(1)
Balance, end of period at Sep. 30, 2024	$ 4,975	$ 3,220	$ 1,562	$ 5	$ 2,343	$ (4,072)	$ 9,977	$ (6,595)	$ 1,755

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share (in dollars per share)	$ 0.24	$ 0.22	$ 0.70	$ 0.64

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income (loss)		$ 808	$ 2,232
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Interest credited to policyholders’ account balances		1,879	1,520
Policy charges and fee income		(1,857)	(1,781)
Net derivative (gains) losses		2,298	1,143
Credit and intent to sell losses on available for sale debt securities and loans		63	145
Investment (gains) losses, net		38	409
(Gains) losses on businesses held-for-sale		(135)	3
Realized and unrealized (gains) losses on trading securities		(114)	(17)
Non-cash long term incentive compensation expense		78	59
Amortization and depreciation		640	576
Remeasurement of liability for future policy benefits		9	46
Change in market risk benefits		(1,154)	(1,772)
Equity (income) loss from limited partnerships		(94)	(81)
Changes in:
Net broker-dealer and customer related receivables/payables		(505)	(996)
Reinsurance recoverable		(612)	(1,106)
Segregated cash and securities, net		321	595
Capitalization of deferred policy acquisition costs		(852)	(702)
Future policy benefits		359	196
Current and deferred income taxes		181	(868)
Other, net		255	584
Net cash provided by (used in) operating activities		1,606	184
Proceeds from the sale/maturity/pre-payment of:
Fixed maturities, available-for-sale		7,668	7,978
Fixed maturities, at fair value using the fair value option		630	323
Mortgage loans on real estate		1,010	353
Trading account securities		998	665
Short term investments		757	2,704
Other		488	631
Payment for the purchase/origination of:
Fixed maturities, available-for-sale		(14,781)	(9,753)
Fixed maturities, at fair value using the fair value option		(663)	(417)
Mortgage loans on real estate		(2,124)	(1,567)
Trading account securities		(2,074)	(994)
Short term investments		(389)	(2,410)
Other		(66)	(816)
Cash settlements related to derivative instruments, net		(1,974)	(1,702)
Investment in capitalized software, leasehold improvements and EDP equipment		(127)	(82)
Other, net		328	121
Net cash provided by (used in) investing activities		(10,319)	(4,966)
Policyholders’ account balances:
Deposits		13,856	12,690
Withdrawals		(7,700)	(6,729)
Transfers (to) from Separate Accounts		1,280	974
Payments of market risk benefits		(545)	(559)
Repayment of short-term financings		(254)	(759)
Change in collateralized pledged assets		(61)	(127)
Change in collateralized pledged liabilities		4,703	1,232
(Decrease) increase in overdrafts payable		0	3
Issuance of long-term debt		0	497
Repayment of long term debt		(565)	0
Proceeds from collateralized loan obligations		0	40
Proceeds from notes issued by consolidated VIEs		169	362
Dividends paid on common stock		(227)	(227)
Dividends paid on preferred stock		(54)	(54)
Issuance of preferred stock		0	0
Purchase of AllianceBernstein Units		(12)	0
Purchase of AB Holding Units to fund long-term incentive compensation plan awards, net		(78)	(71)
Purchase of treasury shares		(754)	(678)
Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds		399	161
Distribution to noncontrolling interest of consolidated subsidiaries		(278)	(252)
Change in securities lending		11	113
Other, net		2	(3)
Net cash provided by (used in) financing activities		9,892	6,613
Effect of exchange rate changes on cash and cash equivalents		8	(2)
Change in cash and cash equivalents		1,187	1,829
Cash and cash equivalents, beginning of period		8,239	4,281
Change in cash of businesses held-for-sale		153	(14)
Cash and cash equivalents, end of period		9,579	6,096
Non-cash transactions from investing and financing activities:
Securities received in exchange for the 2029 Notes	[1]	547	0
Right-of-use assets obtained in exchange for lease obligations		$ 231	$ 48

[1]See Note 16 of the Notes to these Consolidated Financial Statements for details of the 2029 Trust Eligible Assets received in exchange for the 2029 Notes.

ORGANIZATION

ORGANIZATION	9 Months Ended
ORGANIZATION	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Equitable Holdings, Inc. is the holding company for a diversified financial services organization. The Company conducts operations in six segments: Individual Retirement, Group Retirement, Asset Management, Protection Solutions, Wealth Management and Legacy. The Company’s management evaluates the performance of each of these segments independently. Effective April 1, 2024, the Company renamed its Investment Management and Research segment to Asset Management following the close of the previously announced joint venture between AllianceBernstein and Societe Generale to create Bernstein, an equity research provider and cash equity trading partner for institutional investors. Following the close of the transaction, Bernstein research business results are no longer consolidated within the financial results for AllianceBernstein and Equitable Holdings, Inc. • The Individual Retirement segment offers a diverse suite of variable annuity products which are primarily sold to affluent and high net worth individuals saving for retirement or seeking retirement income. • The Group Retirement segment offers tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities and not-for-profit entities, as well as small and medium-sized businesses. • The Asset Management segment provides diversified investment management and related services globally to a broad range of clients through three main client channels - Institutional, Retail and Private Wealth. The Asset Management segment reflects the business of AB Holding and ABLP and their subsidiaries (collectively, AB). • The Protection Solutions segment includes the Company’s life insurance and group employee benefits (“EB”) businesses. The life insurance business offers a variety of VUL, IUL and term life products to help affluent and high net worth individuals, as well as small and medium-sized business owners, with their wealth protection, wealth transfer and corporate needs. Our group EB business offers a suite of life, short- and long-term disability, dental and vision insurance products to small and medium-size businesses across the United States. • The Wealth Management segment is an emerging leader in the wealth management space with a differentiated advice value proposition that offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. • The Legacy segment consists of our capital intensive fixed-rate GMxB business written prior to 2011. The Company reports certain activities and items that are not included in our segments in Corporate and Other. Corporate and Other includes certain of our financing and investment expenses. It also includes closed block of life insurance (the “Closed Block”), run-off variable annuity reinsurance business, run-off group pension business, run-off health business, benefit plans for our employees, certain strategic investments and certain unallocated items, including capital and related investments, interest expense and corporate expense. AB’s results of operations are reflected in the Asset Management segment. Accordingly, Corporate and Other does not include any items applicable to AB. As of September 30, 2024 and December 31, 2023, the Company’s economic interest in AB was approximately 62% and 61%, respectively. The General Partner of AB is a wholly owned subsidiary of the Company. Because the General Partner has the authority to manage and control the business of AB, AB is consolidated in the Company’s financial statements for all periods presented.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2024
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The unaudited interim consolidated financial statements (the “consolidated financial statements”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP” or “GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to the Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2023. The accompanying unaudited consolidated financial statements present the consolidated results of operations, financial condition, and cash flows of the Company and its subsidiaries and those investment companies, partnerships and joint ventures in which the Company has control and a majority economic interest as well as those variable interest entities (“VIEs”) that meet the requirements for consolidation. All significant intercompany transactions and balances have been eliminated in consolidation. The terms “third quarter 2024” and “third quarter 2023” refer to the three months ended September 30, 2024 and 2023, respectively. The terms “first nine months of 2024” and “first nine months of 2023” refer to the nine months ended September 30, 2024 and 2023, respectively. Future Adoption of New Accounting Pronouncements Description Effective Date and Method of Adoption Effect on the Financial Statement or Other Significant Matters ASU 2023-07: Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU provides improvements to reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple measures of segment profit or loss, provide new segment disclosure requirements for entities with a single reportable segment and contain other disclosure requirements. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024. A calendar year public entity will adopt the ASU for its 2024 Form 10-K. The ASU should be adopted retrospectively to all periods presented in the financial statements unless it is impracticable to do so. The adoption of ASU 2023-07 is not expected to materially impact the Company’s financial position, results of operation, or cash flows. ASU 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures The ASU enhanced existing income tax disclosures primarily related to the rate reconciliation and income taxes paid information. With regard to the improvements to disclosures of rate reconciliation, a public business entity is required on an annual basis to (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. Similarly, a public entity is required to provide the amount of income taxes paid (net of refunds received) disaggregated by (1) federal, state, and foreign taxes and by(2) individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received). The ASU also includes certain other amendments to improve the effectiveness of income tax disclosures, for example, an entity is required to provide (1) pretax income (or loss) from continuing operations disaggregated between domestic and foreign, and (2) income tax expense (or benefit) from continuing operations disaggregated by federal, state, and foreign. The ASU will be effective for annual periods beginning after December 15, 2024. Entities are required to apply the ASU on a prospective basis. The adoption of ASU 2023-09 is not expected to materially impact the Company’s financial position, results of operation, or cash flows. Description Effective Date and Method of Adoption Effect on the Financial Statement or Other Significant Matters SEC Release Nos. 33-11275; 34-99678, The Enhancement and Standardization of Climate-Related Disclosures for Investors The SEC adopted rules requiring registrants to disclose climate-related information in registration statements and annual reports. The new rules include disclosure of material climate-related risks, including descriptions of board oversight and risk management activities. the material impacts of these risks on a registrant’s strategy, business model and outlook and any material climate-related targets or goals. In addition, registrants will need to quantify certain effects of severe weather events and other natural conditions in a note to their audited financial statements. In April 2024, citing litigation challenging the rules that commenced immediately after they were issued, the SEC issued an order staying applicability of the rules while judicial review proceeds. Financial statement and all other disclosures are required at the beginning of the fiscal year 2025 with disclosures about material expenditure and impact required at the beginning of the fiscal year 2026. Disclosures are provided prospectively upon adoption. Scope 1 and Scope 2 greenhouse gas emissions are required in 2026 with limited assurance in 2029 and reasonable assurance in 2033. Disclosures are provided prospectively upon adoption. The Company is currently assessing the additional required disclosures under the SEC Release. Management is evaluating the impact of the adoption of this guidance will have on the Company’s consolidated financial statements. Accounting and Consolidation of VIEs For all new investment products and entities developed by the Company, the Company first determines whether the entity is a VIE, which involves determining an entity’s variability and variable interests, identifying the holders of the equity investment at risk and assessing the five characteristics of a VIE. Once an entity is determined to be a VIE, the Company then determines whether it is the primary beneficiary of the VIE based on its beneficial interests. If the Company is deemed to be the primary beneficiary of the VIE, the Company consolidates the entity. Quarterly, management of the Company reviews its investment management agreements and its investments in, and other financial arrangements with, certain entities that hold client AUM to determine the entities the Company is required to consolidate under this guidance. These entities include certain mutual fund products, hedge funds, structured products, group trusts, collective investment trusts, and limited partnerships. The analysis performed to identify variable interests held, determine whether entities are VIEs or VOEs, and evaluate whether the Company has a controlling financial interest in such entities requires the exercise of judgment and is updated on a continuous basis as circumstances change or new entities are developed. The primary beneficiary evaluation generally is performed qualitatively based on all facts and circumstances, including consideration of economic interests in the VIE held directly and indirectly through related parties and entities under common control, as well as quantitatively, as appropriate. Consolidated VIEs Consolidated CLOs 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 as part of its investment management businesses. Additionally, the Company may invest in securities issued by these vehicles which are eliminated in consolidation of the CLOs. As of September 30, 2024 and December 31, 2023, respectively, Equitable Financial holds $112 million and $113 million of equity interests in the CLOs. The Company consolidated the CLOs as of September 30, 2024 and December 31, 2023 as it is the primary beneficiary due to the combination of both its equity interest held by Equitable Financial and the majority ownership of AB, which functions as the CLO’s loan manager. The assets of the CLOs are legally isolated from the Company’s creditors and can only be used to settle obligations of the CLOs. The liabilities of the CLOs are non-recourse to the Company and the Company has no obligation to satisfy the liabilities of the CLOs. As of September 30, 2024, Equitable Financial holds $25 million of equity interests in a SPE established to purchase loans from the market in anticipation of a new CLO transaction. The Company consolidated the SPE as of September 30, 2024 as it is the primary beneficiary due to the combination of both its equity interest held by Equitable Financial and the majority ownership of AB, which functions as the SPE loan manager. Resulting from this consolidation in the Company’s consolidated balance sheets are fixed maturities, at fair value using the fair value option with total assets of $1.7 billion and $1.7 billion notes issued by consolidated VIEs, at fair value using the fair value option with total liabilities of $1.7 billion and $1.6 billion at September 30, 2024 and December 31, 2023, respectively . The unpaid outstanding principal balance of the notes and short-term borrowing is $1.6 billion and $1.6 billion at September 30, 2024 and December 31, 2023. Consolidated Limited Partnerships and LLCs As of September 30, 2024 and December 31, 2023 the Company consolidated limited partnerships and LLCs for which it was identified as the primary beneficiary under the VIE model. Included in other invested assets, mortgage loans on real estate, other equity investments, trading securities, cash and other liabilities in the Company’s consolidated balance sheets at September 30, 2024 and December 31, 2023 are total net assets of $3.3 billion and $1.8 billion, respectively related to these VIEs. Consolidated AB-Sponsored Investment Funds Included in the Company’s consolidated balance sheets as of September 30, 2024 and December 31, 2023 are assets of $221 million and $309 million, liabilities of $4 million and $10 million, and redeemable noncontrolling interests of $121 million and $203 million, respectively, associated with the consolidation of AB-sponsored investment funds under the VIE model. Also included in the Company’s consolidated balance sheets as of September 30, 2024 and December 31, 2023 are assets of $57 million and $121 million, liabilities of $1 million and $3 million, and redeemable noncontrolling interests of $6 million and $7 million, respectively, from consolidation of AB-sponsored investment funds under the VOE model. Non-Consolidated VIEs As of September 30, 2024 and December 31, 2023 respectively, the Company held approximately $3.1 billion and $2.6 billion of investment assets in the form of equity interests issued by non-corporate legal entities determined under the guidance to be VIEs, such as limited partnerships and limited liability companies, including CLOs, hedge funds, private equity funds and real estate-related funds. The Company continues to reflect these equity interests in the consolidated balance sheets as other equity investments and applies the equity method of accounting for these positions. The net assets of these non-consolidated VIEs are approximately $343.0 billion and $268.6 billion as of September 30, 2024 and December 31, 2023 respectively. The Company’s maximum exposure to loss from its direct involvement with these VIEs is the carrying value of its investment of $3.1 billion and $2.6 billion and approximately $1.2 billion and $1.3 billion of unfunded commitments as of September 30, 2024 and December 31, 2023, respectively. The Company has no further economic interest in these VIEs in the form of guarantees, derivatives, credit enhancements or similar instruments and obligations. Non-Consolidated AB-Sponsored Investment Products As of September 30, 2024 and December 31, 2023, the net assets of investment products sponsored by AB that are non-consolidated VIEs are approximately $74.0 billion and $54.6 billion, respectively. The Company’s maximum exposure to loss from its direct involvement with these VIEs is its investment of $18 million and $10 million as of September 30, 2024 and December 31, 2023, respectively. The Company has no further commitments to or economic interest in these VIEs. Assumption Updates and Model Changes The Company conducts its annual review of its assumptions and models during the third quarter of each year. The annual review encompasses assumptions underlying the valuation of MRB, liabilities for future policyholder benefits and additional liability update. However, the Company updates its assumptions as needed in the event it becomes aware of economic conditions or events that could require a change in assumptions that it believes may have a significant impact to the carrying value of product liabilities and assets and consequently materially impact its earnings in the period of the change. Impact of Assumption Updates The net impact of assumption changes during the three and nine months ended September 30, 2024 increased other income by $21 million, increased remeasurement of liability for future policy benefits by $18 million, decreased policy benefits by $8 million, and decreased the change in MRB and purchased MRB by $9 million. This resulted in a increase in income (loss) from operations, before income taxes of $20 million and increased net income (loss) by $16 million. The net impact of this assumption update during the three and nine months ended September 30, 2023 decreased other income by $9 million, increased remeasurement of liability for future policy benefits by $51 million, decreased policyholders’ benefits by $2 million and decreased change in MRB and purchased MRB by $53 million. This resulted in a decrease in income (loss) from operations, before income taxes of $5 million and decreased net income (loss) by $4 million. Model Changes There were no material model changes in the first nine months of 2024 and 2023.

INVESTMENTS

INVESTMENTS	9 Months Ended
INVESTMENTS	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	INVESTMENTS Fixed Maturities AFS The components of fair value and amortized cost for fixed maturities classified as AFS on the consolidated balance sheets excludes accrued interest receivable because the Company elected to present accrued interest receivable within other assets. Accrued interest receivable on AFS fixed maturities as of September 30, 2024 and December 31, 2023 was $684 million and $626 million, respectively. There was no accrued interest written off for AFS fixed maturities for the three and nine months ended September 30, 2024 and 2023. The following tables provide information relating to the Company’s fixed maturities classified as AFS: AFS Fixed Maturities by Classification Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) September 30, 2024 Fixed Maturities: Corporate (1) $ 53,453 $ 4 $ 705 $ 4,630 $ 49,524 U.S. Treasury, government and agency 5,795 — 3 1,082 4,716 States and political subdivisions 472 — 5 69 408 Foreign governments 703 — 4 100 607 Residential mortgage-backed (2) 3,934 — 51 97 3,888 Asset-backed (3) 13,290 — 142 45 13,387 Commercial mortgage-backed 3,978 — 14 337 3,655 Redeemable preferred stock 56 — 4 — 60 Total at September 30, 2024 $ 81,681 $ 4 $ 928 $ 6,360 $ 76,245 December 31, 2023: Fixed Maturities: Corporate (1) $ 49,786 $ 4 $ 320 $ 5,360 $ 44,742 U.S. Treasury, government and agency 5,735 — 2 1,106 4,631 States and political subdivisions 614 — 9 74 549 Foreign governments 719 — 3 111 611 Residential mortgage-backed (2) 2,470 — 18 133 2,355 Asset-backed (3) 11,058 — 52 109 11,001 Commercial mortgage-backed 3,595 — 2 515 3,082 Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Redeemable preferred stock 56 — 3 — 59 Total at December 31, 2023 $ 74,033 $ 4 $ 409 $ 7,408 $ 67,030 ______________ (1) Corporate fixed maturities include both public and private issues. (2) Includes publicly traded agency pass-through securities and collateralized obligations. (3) Includes credit-tranched securities collateralized by sub-prime mortgages, credit risk transfer securities and other asset types. The contractual maturities of AFS fixed maturities as of September 30, 2024 are shown in the table below. Bonds not due at a single maturity date have been included in the table in the final year of maturity. Actual maturities may differ from contractual maturities because borrowers may have the right to call or pre-pay obligations with or without call or pre-payment penalties. Contractual Maturities of AFS Fixed Maturities Amortized Cost (Less Allowance for Credit Losses) Fair Value (in millions) September 30, 2024 Contractual maturities: Due in one year or less $ 2,458 $ 2,436 Due in years two through five 14,437 14,260 Due in years six through ten 18,983 18,566 Due after ten years 24,541 19,993 Subtotal 60,419 55,255 Residential mortgage-backed 3,934 3,888 Asset-backed 13,290 13,387 Commercial mortgage-backed 3,978 3,655 Redeemable preferred stock 56 60 Total at September 30, 2024 $ 81,677 $ 76,245 The following table shows proceeds from sales, gross gains (losses) from sales and allowance for credit losses for AFS fixed maturities: Proceeds from Sales, Gross Gains (Losses) from Sales and Allowance for Credit and Intent to Sell Losses for AFS Fixed Maturities Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Proceeds from sales $ 461 $ 2,524 $ 2,236 $ 5,579 Gross gains on sales $ 2 $ 1 $ 7 $ 8 Gross losses on sales $ (27) $ (348) $ (54) $ (417) Net (increase) decrease in Allowance for Credit and Intent to Sell losses $ (2) $ (1) $ (7) $ (64) The following table sets forth the amount of credit loss impairments on AFS fixed maturities held by the Company at the dates indicated and the corresponding changes in such amounts: AFS Fixed Maturities - Credit and Intent to Sell Loss Impairments Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Balance, beginning of period $ 50 $ 44 $ 48 $ 36 Previously recognized impairments on securities that matured, paid, prepaid or sold 3 (1) (5) (58) Recognized impairments on securities impaired to fair value this period (1) (2) — — — 52 Credit losses recognized this period on securities for which credit losses were not previously recognized (1) 1 5 10 Additional credit losses this period on securities previously impaired (2) — 2 4 Balance, end of period $ 50 $ 44 $ 50 $ 44 ______________ (1) Represents circumstances where the Company determined in the current period that it intends to sell the security, or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost. (2) Amounts reflected for the nine months ended September 30, 2023 represent AFS fixed maturities in an unrealized loss position, which the Company intended to sell in anticipation of Equitable Financial’s ordinary dividend to Holdings. The tables below present a roll-forward of net unrealized investment gains (losses) recognized in AOCI: Net Unrealized Gains (Losses) on AFS Fixed Maturities Three Months Ended September 30, 2024 Net Unrealized Gains (Losses) on Investments Policyholders’ Liabilities Deferred Income Tax Asset (Liability) (1) AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1) (in millions) Balance, beginning of period $ (8,214) $ 67 $ 471 $ (7,676) Net investment gains (losses) arising during the period 2,759 — — 2,759 Reclassification adjustment: Included in net income (loss) 28 — — 28 Excluded from net income (loss) — — — — Other — — 120 120 Impact of net unrealized investment gains (losses) — (17) (582) (599) Net unrealized investment gains (losses) excluding credit losses (5,427) 50 9 (5,368) Net unrealized investment gains (losses) with credit losses (5) — 1 (4) Balance, end of period $ (5,432) $ 50 $ 10 $ (5,372) Three Months Ended September 30, 2023 Balance, beginning of period $ (8,641) $ 36 $ 441 $ (8,164) Net investment gains (losses) arising during the period (2,575) — — (2,575) Reclassification adjustment: Included in net income (loss) 348 — — 348 Excluded from net income (loss) — — — — Other — — (68) (68) Impact of net unrealized investment gains (losses) — 38 460 498 Net unrealized investment gains (losses) excluding credit losses (10,868) 74 833 (9,961) Three Months Ended September 30, 2024 Net Unrealized Gains (Losses) on Investments Policyholders’ Liabilities Deferred Income Tax Asset (Liability) (1) AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1) (in millions) Net unrealized investment gains (losses) with credit losses 1 — — 1 Balance, end of period $ (10,867) $ 74 $ 833 $ (9,960) Nine Months Ended September 30, 2024 Net Unrealized Gains (Losses) on Investments Policyholders’ Liabilities Deferred Income Tax Asset (Liability) (1) AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1) (in millions) Balance, beginning of period $ (6,999) $ 50 $ 226 $ (6,723) Net investment gains (losses) arising during the period 1,521 — — 1,521 Reclassification adjustment: Included in net income (loss) 54 — — 54 Other — — 113 113 Impact of net unrealized investment gains (losses) — — (331) (331) Net unrealized investment gains (losses) excluding credit losses (5,424) 50 8 (5,366) Net unrealized investment gains (losses) with credit losses (8) — 2 (6) Balance, end of period $ (5,432) $ 50 $ 10 $ (5,372) Nine Months Ended September 30, 2023 Balance, beginning of period $ (9,606) $ 41 $ 440 $ (9,125) Net investment gains (losses) arising during the period (1,730) — — (1,730) Reclassification adjustment: Included in net income (loss) 474 — — 474 Other — — 135 135 Impact of net unrealized investment gains (losses) — 33 257 290 Net unrealized investment gains (losses) excluding credit losses (10,862) 74 832 (9,956) Net unrealized investment gains (losses) with credit losses (5) — 1 (4) Balance, end of period $ (10,867) $ 74 $ 833 $ (9,960) _____________ (1) Certain balances were revised from previously filed financial statements. The following tables disclose the fair values and gross unrealized losses of the 3,635 issues as of September 30, 2024 and the 4,402 issues as of December 31, 2023 that are not deemed to have credit losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position for the specified periods at the dates indicated: AFS Fixed Maturities in an Unrealized Loss Position for Which No Allowance Is Recorded Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in millions) September 30, 2024 Fixed Maturities: Corporate $ 2,007 $ 66 $ 29,946 $ 4,555 $ 31,953 $ 4,621 U.S. Treasury, government and agency 53 — 4,527 1,082 4,580 1,082 States and political subdivisions — — 289 69 289 69 Foreign governments 10 1 503 99 513 100 Residential mortgage-backed 357 1 904 96 1,261 97 Asset-backed 479 1 830 44 1,309 45 Commercial mortgage-backed 134 7 2,931 330 3,065 337 Total at September 30, 2024 $ 3,040 $ 76 $ 39,930 $ 6,275 $ 42,970 $ 6,351 December 31, 2023: Fixed Maturities: Corporate $ 2,228 $ 126 $ 33,135 $ 5,231 $ 35,363 $ 5,357 U.S. Treasury, government and agency 111 2 4,447 1,104 4,558 1,106 States and political subdivisions 10 — 300 74 310 74 Foreign governments 15 2 517 109 532 111 Residential mortgage-backed 210 2 1,044 131 1,254 133 Asset-backed 528 1 5,522 108 6,050 109 Commercial mortgage-backed 92 11 2,856 504 2,948 515 Total at December 31, 2023 $ 3,194 $ 144 $ 47,821 $ 7,261 $ 51,015 $ 7,405 The Company maintains a diversified portfolio of corporate securities across industries and issuers and does not have exposure to any single issuer in excess of 0.8% of total corporate securities. The largest exposures to a single issuer of corporate securities held as of September 30, 2024 and December 31, 2023 were $400 million and $360 million, respectively, representing 8.0% and 8.2% of the consolidated equity of the Company. Corporate high yield securities, consisting primarily of public high yield bonds, are classified as other than investment grade by the various rating agencies, i.e., a rating below Baa3/BBB- or the NAIC Designation (as defined below) of 3 (medium investment grade), 4 or 5 (below investment grade) or 6 (in or near default). As of September 30, 2024 and December 31, 2023, respectively, approximately $2.0 billion and $2.6 billion, or 2.4% and 3.5%, of the $81.7 billion and $74.0 billion aggregate amortized cost of fixed maturities held by the Company were considered to be other than investment grade. These securities had gross unrealized losses of $58 million and $101 million as of September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024 and December 31, 2023, respectively, the $6.3 billion and $7.3 billion of gross unrealized losses of twelve months or more were primarily concentrated in corporate securities. In accordance with the policy described in Note 2 of the Notes to these Consolidated Financial Statements, the Company concluded that an adjustment to the allowance for credit losses for these securities was not warranted at either September 30, 2024 or December 31, 2023. As of September 30, 2024 and December 31, 2023, the Company did not intend to sell the securities nor was it more likely than not be required to dispose of the securities before the anticipated recovery of their remaining amortized cost basis. Based on the Company’s evaluation both qualitatively and quantitatively of the drivers of the decline in fair value of fixed maturity securities as of September 30, 2024, the Company determined that the unrealized loss was primarily due to increases in interest rates and credit spreads. Securities Lending Beginning in 2023, the Company entered into securities lending agreements with an agent bank whereby blocks of securities are loaned to third parties, primarily major brokerage firms. As of September 30, 2024 and December 31, 2023, the estimated fair value of loaned securities was $124 million and $113 million. The agreements require a minimum of 102% of the fair value of the loaned securities to be held as cash collateral, calculated daily. To further minimize the credit risks related to these programs, the financial condition of counterparties is monitored on a regular basis. As of September 30, 2024 and December 31, 2023, cash collateral received in the amount of $127 million and $116 million, was invested by the agent bank. A securities lending payable for the overnight and continuous loans is included in other liabilities in the amount of cash collateral received. Securities lending transactions are used to generate income. Income and expenses associated with these transactions are reported as Net investment income and were not material for September 30, 2024 and December 31, 2023. Mortgage Loans on Real Estate In September 2023, the Company began investing in residential mortgage loans. Accrued interest receivable on commercial, agricultural and residential mortgage loans as of September 30, 2024 and December 31, 2023 was $93 million and $82 million, respectively. There was no accrued interest written off for commercial, agricultural and residential mortgage loans for the nine months ended September 30, 2024 and 2023. As of September 30, 2024, the Company foreclosed on one commercial mortgage loan that had an amortized cost of $108 million and an associated allowance of $54 million, that it re-acquired as wholly owned real estate with a cost of $56 million. As of September 30, 2024 and December 31, 2023, there were no other mortgage loans for which foreclosure was probable. Allowance for Credit Losses on Mortgage Loans The change in the allowance for credit losses for commercial, agricultural and residential mortgage loans were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Allowance for credit losses on mortgage loans: Commercial mortgages: Balance, beginning of period $ 222 $ 140 $ 272 $ 123 Current-period provision for expected credit losses 22 63 47 80 Write-offs charged against the allowance — — (75) — Recoveries of amounts previously written off — — — — Net change in allowance 22 63 (28) 80 Balance, end of period $ 244 $ 203 $ 244 $ 203 Agricultural mortgages: Balance, beginning of period $ 9 $ 5 $ 6 $ 6 Current-period provision for expected credit losses 4 1 7 — Write-offs charged against the allowance — — — — Recoveries of amounts previously written off — — — — Net change in allowance 4 1 7 — Balance, end of period $ 13 $ 6 $ 13 $ 6 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Residential mortgages: Balance, beginning of period $ 3 $ — $ 1 $ — Current-period provision for expected credit losses 1 — 3 — Write-offs charged against the allowance — — — — Recoveries of amounts previously written off — — — — Net change in allowance 1 — 3 — Balance, end of period $ 4 $ — $ 4 $ — Total allowance for credit losses $ 261 $ 209 $ 261 $ 209 The change in the allowance for credit losses is attributable to: • increases/decreases in the loan balance due to new originations, maturing mortgages, and loan amortization; and • changes in credit quality and economic assumptions. Credit Quality Information The Company’s commercial and agricultural mortgage loans segregated by risk rating exposure were as follows: Loan to Value (“LTV”) Ratios (1) (3) September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: 0% - 50% $ — $ 285 $ 135 $ 157 $ 131 $ 1,499 $ — $ — $ 2,207 50% - 70% 741 989 1,426 632 457 2,144 397 407 7,193 70% - 90% 41 237 1,062 1,148 622 1,209 89 — 4,408 90% plus — — 467 158 85 1,287 — — 1,997 Total commercial $ 782 $ 1,511 $ 3,090 $ 2,095 $ 1,295 $ 6,139 $ 486 $ 407 $ 15,805 Agricultural: 0% - 50% $ 33 $ 102 $ 164 $ 191 $ 251 $ 898 $ — $ — $ 1,639 50% - 70% 136 57 134 143 164 295 — — 929 70% - 90% — — — — — 16 — — 16 90% plus — — — — — — — — — Total agricultural $ 169 $ 159 $ 298 $ 334 $ 415 $ 1,209 $ — $ — $ 2,584 September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: 0% - 50% $ 33 $ 387 $ 299 $ 348 $ 382 $ 2,397 $ — $ — $ 3,846 50% - 70% 877 1,046 1,560 775 621 2,439 397 407 8,122 70% - 90% 41 237 1,062 1,148 622 1,225 89 — 4,424 90% plus — — 467 158 85 1,287 — — 1,997 Total commercial and agricultural mortgage loans $ 951 $ 1,670 $ 3,388 $ 2,429 $ 1,710 $ 7,348 $ 486 $ 407 $ 18,389 Debt Service Coverage (“DSC”) Ratios (2 ) (3) September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: Greater than 2.0x $ 23 $ 175 $ 646 $ 1,222 $ 917 $ 3,440 $ — $ — $ 6,423 1.8x to 2.0x 103 — 50 208 378 508 170 278 1,695 1.5x to 1.8x 87 141 733 146 — 1,019 31 92 2,249 1.2x to 1.5x 421 648 1,124 429 — 556 — — 3,178 1.0x to 1.2x 148 538 366 56 — 479 285 37 1,909 Less than 1.0x — 9 171 34 — 137 — — 351 Total commercial $ 782 $ 1,511 $ 3,090 $ 2,095 $ 1,295 $ 6,139 $ 486 $ 407 $ 15,805 Agricultural: Greater than 2.0x $ 10 $ 7 $ 42 $ 34 $ 58 $ 179 $ — $ — $ 330 1.8x to 2.0x 12 17 24 54 29 81 — — 217 1.5x to 1.8x 50 11 49 27 120 180 — — 437 1.2x to 1.5x 32 46 95 139 142 425 — — 879 1.0x to 1.2x 48 46 64 69 58 313 — — 598 Less than 1.0x 17 32 24 11 8 31 — — 123 Total agricultural $ 169 $ 159 $ 298 $ 334 $ 415 $ 1,209 $ — $ — $ 2,584 September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: Greater than 2.0x $ 33 $ 182 $ 688 $ 1,256 $ 975 $ 3,619 $ — $ — $ 6,753 1.8x to 2.0x 115 17 74 262 407 589 170 278 1,912 1.5x to 1.8x 137 152 782 173 120 1,199 31 92 2,686 1.2x to 1.5x 453 694 1,219 568 142 981 — — 4,057 1.0x to 1.2x 196 584 430 125 58 792 285 37 2,507 Less than 1.0x 17 41 195 45 8 168 — — 474 Total commercial and agricultural mortgage loans $ 951 $ 1,670 $ 3,388 $ 2,429 $ 1,710 $ 7,348 $ 486 $ 407 $ 18,389 ______________ (1) The LTV ratio is derived from current loan balance divided by the fair value of the property. The fair value of the underlying commercial properties is updated annually for each mortgage loan. (2) The DSC ratio is calculated using the most recently reported operating income results from property operations divided by annual debt service. (3) Residential mortgage loans are excluded from the above tables. LTV Ratios (1) (3) December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: 0% - 50% $ 249 $ 164 $ 129 $ 35 $ — $ 1,557 $ — $ — $ 2,134 50% - 70% 924 1,916 671 750 299 2,319 463 96 7,438 70% - 90% 308 1,197 1,236 523 245 1,384 37 35 4,965 90% plus — — 66 54 92 858 — — 1,070 Total commercial $ 1,481 $ 3,277 $ 2,102 $ 1,362 $ 636 $ 6,118 $ 500 $ 131 $ 15,607 Agricultural: 0% - 50% $ 102 $ 162 $ 191 $ 235 $ 132 $ 802 $ — $ — $ 1,624 50% - 70% 60 146 152 201 58 288 — — 905 70% - 90% — — — — — 16 — — 16 90% plus — — — — — — — — — Total agricultural $ 162 $ 308 $ 343 $ 436 $ 190 $ 1,106 $ — $ — $ 2,545 December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: 0% - 50% $ 351 $ 326 $ 320 $ 270 $ 132 $ 2,359 $ — $ — $ 3,758 50% - 70% 984 2,062 823 951 357 2,607 463 96 8,343 70% - 90% 308 1,197 1,236 523 245 1,400 37 35 4,981 90% plus — — 66 54 92 858 — — 1,070 Total commercial and agricultural mortgage loans $ 1,643 $ 3,585 $ 2,445 $ 1,798 $ 826 $ 7,224 $ 500 $ 131 $ 18,152 DSC Ratios (2) (3) December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: Greater than 2.0x $ 175 $ 693 $ 1,125 $ 1,135 $ 249 $ 3,273 $ — $ — $ 6,650 1.8x to 2.0x — — 182 167 171 662 383 96 1,661 1.5x to 1.8x 80 1,060 234 — 162 924 — — 2,460 1.2x to 1.5x 690 687 457 — 11 838 41 — 2,724 1.0x to 1.2x 528 668 38 — 43 317 76 35 1,705 Less than 1.0x 8 169 66 60 — 104 — — 407 Total commercial $ 1,481 $ 3,277 $ 2,102 $ 1,362 $ 636 $ 6,118 $ 500 $ 131 $ 15,607 Agricultural: Greater than 2.0x $ 7 $ 50 $ 36 $ 59 $ 20 $ 179 $ — $ — $ 351 1.8x to 2.0x 18 16 56 33 23 61 — — 207 1.5x to 1.8x 12 50 31 109 17 193 — — 412 1.2x to 1.5x 46 111 148 170 98 365 — — 938 1.0x to 1.2x 47 57 68 57 26 284 — — 539 Less than 1.0x 32 24 4 8 6 24 — — 98 Total agricultural $ 162 $ 308 $ 343 $ 436 $ 190 $ 1,106 $ — $ — $ 2,545 December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: Greater than 2.0x $ 182 $ 743 $ 1,161 $ 1,194 $ 269 $ 3,452 $ — $ — $ 7,001 1.8x to 2.0x 18 16 238 200 194 723 383 96 1,868 1.5x to 1.8x 92 1,110 265 109 179 1,117 — — 2,872 1.2x to 1.5x 736 798 605 170 109 1,203 41 — 3,662 1.0x to 1.2x 575 725 106 57 69 601 76 35 2,244 Less than 1.0x 40 193 70 68 6 128 — — 505 Total commercial and agricultural mortgage loans $ 1,643 $ 3,585 $ 2,445 $ 1,798 $ 826 $ 7,224 $ 500 $ 131 $ 18,152 ______________ (1) The LTV ratio is derived from current loan balance divided by the fair value of the property. The fair value of the underlying commercial properties is updated annually for each mortgage loan. (2) The DSC ratio is calculated using the most recently reported operating income results from property operations divided by annual debt service. (3) Residential mortgage loans are excluded from the above tables. The amortized cost of residential mortgage loans by credit quality indicator and origination year was as follows: September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Total (in millions) Performance indicators: Performing $ 328 $ 451 $ 189 $ 135 $ 4 $ 2 $ 1,109 Nonperforming — — — — — — — Total $ 328 $ 451 $ 189 $ 135 $ 4 $ 2 $ 1,109 December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Total (in millions) Performance indicators: Performing $ 98 $ 121 $ 74 $ 2 $ 1 $ 2 $ 298 Nonperforming — — — — — — — Total $ 98 $ 121 $ 74 $ 2 $ 1 $ 2 $ 298 Past-Due and Nonaccrual Mortgage Loan Status The aging analysis of past-due mortgage loans were as follows: Age Analysis of Past Due Mortgage Loans (1) Accruing Loans Non-accruing Loans Total Loans Non-accruing Loans with No Allowance Interest Income on Non-accruing Loans Past Due Current Total 30-59 Days 60-89 Days 90 Days or More Total (in millions) September 30, 2024: Mortgage loans: Commercial $ — $ — $ — $ — $ 15,772 $ 15,772 $ 33 $ 15,805 $ — $ — Agricultural 12 9 49 70 2,478 2,548 36 2,584 — — Residential — — — — 1,109 1,109 — 1,109 — — Total $ 12 $ 9 $ 49 $ 70 $ 19,359 $ 19,429 $ 69 $ 19,498 $ — $ — December 31, 2023: Mortgage loans: Commercial $ 32 $ — $ — $ 32 $ 15,341 $ 15,373 $ 234 $ 15,607 $ — $ 7 Agricultural 7 5 40 52 2,474 2,526 19 2,545 — — Residential — — — — 298 298 — 298 — — Total $ 39 $ 5 $ 40 $ 84 $ 18,113 $ 18,197 $ 253 $ 18,450 $ — $ 7 _______________ (1) Amounts presented at amortized cost basis. As of September 30, 2024 and December 31, 2023, the amortized cost of problem mortgage loans that had been classified as non-accrual loans were $36 million and $127 million, respectively. Troubled Debt Restructuring There were no TDRs during the three months ended September 30, 2024. There was one TDR during the nine months ended September 30, 2024. The Company granted a modification splitting the commercial mortgage loan into two notes. One note retaining the original loan terms and the second note with an increased interest rate to market terms and required management of excess cash. The loans have an amortized cost of $65 million. The impact to Investment income or gains (losses) as a result of this modification for the nine months ended September 30, 2024 was not material to the consolidated financial statements. During 2023, the Company granted modification of interest rates on four commercial mortgage loans, but not to market terms and required management of excess cash. The loans have an amortized cost of $236 million which represents 1.5% of total commercial mortgage loans. Two of the four loans also have term extensions of 17 months to 4 years. The impact to Investment income or gains (losses) as a result of these modifications in 2023 was not material to the consolidated financial statements. For the accounting policy pertaining to our TDRs see Note 2 of the Notes to these Consolidated Financial Statements. The above modifications are performing in accordance with their restructured terms. Equity Securities The breakdown of unrealized and realized gains and (losses) on equity securities was as follows: Unrealized and Realized Gains (Losses) from Equity Securities Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ 30 $ (5) $ 39 $ (3) Net investment gains (losses) recognized on securities sold during the period (1) (6) 1 (9) Unrealized and realized gains (losses) on equity securities $ 29 $ (11) $ 40 $ (12) Trading Securities As of September 30, 2024 and December 31, 2023, respectively, the fair value of the Company’s trading securities was $2.2 billion and $1.1 billion. As of September 30, 2024 and December 31, 2023, respectively, trading securities included the General Account’s investment in Separate Accounts had carrying values of $60 million and $49 million. The breakdown of Net investment income (loss) from trading securities was as follows: Net Investment Income (Loss) from Trading Securities Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ 70 $ (26) $ 112 $ 20 Net investment gains (losses) recognized on securities sold during the period 1 (1) 2 (3) Unrealized and realized gains (losses) on trading securities 71 (27) 114 17 Interest and dividend income from trading securities 23 8 55 20 Net investment income (loss) from trading securities $ 94 $ (19) $ 169 $ 37 Fixed maturities, at fair value using the fair value option The breakdown of Net investment income (loss) from fixed maturities, at fair value using the fair value option were as follows: Net Investment Income (Loss) from Fixed Maturities, at Fair Value using the Fair Value Option Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ (10) $ 4 $ (15) $ 23 Net investment gains (losses) recognized on securities sold during the period — (5) 3 (19) Unrealized and realized gains (losses) from fixed maturities (10) (1) (12) 4 Interest and dividend income from fixed maturities 8 3 36 7 Net investment income (loss) from fixed maturities $ (2) $ 2 $ 24 $ 11 Net Investment Income The following tables provides the components of Net investment income by investment type: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Fixed maturities $ 897 $ 788 $ 2,560 $ 2,254 Mortgage loans on real estate 245 224 718 599 Other equity investments 68 33 120 63 Policy loans 57 55 167 158 Trading securities 94 (19) 169 37 Other investment income (15) 18 30 59 Fixed maturities, at fair value using the fair value option (2) 2 24 11 Gross investment income (loss) 1,344 1,101 3,788 3,181 Investment expenses (35) (30) (94) (84) Net investment income (loss) $ 1,309 $ 1,071 $ 3,694 $ 3,097 Investment Gains (Losses), Net Investment gains (losses), net, including changes in the valuation allowances and credit losses were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Fixed maturities $ (27) $ (348) $ (54) $ (475) Mortgage loans on real estate (26) (63) (58) (80) Other 7 — 11 1 Investment gains (losses), net $ (46) $ (411) $ (101) $ (554) For the three and nine months ended September 30, 2024 and 2023, respectively, investment results passed through to certain participating group annuity contracts as interest credited to policyholders’ account balances totaled $0 million, $1 million, $0 million and $1 million.

DERIVATIVES

DERIVATIVES	9 Months Ended
DERIVATIVES	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES The Company uses derivatives as part of its overall asset/liability risk management primarily to reduce exposures to equity market and interest rate risks. Derivative hedging strategies are designed to reduce these risks from an economic perspective and are all executed within the framework of a “Derivative Use Plan” approved by applicable states’ insurance law. Derivatives are generally not accounted for using hedge accounting, with the exception of TIPS and cash flow hedges, which are discussed further below. Operation of these hedging programs is based on models involving numerous estimates and assumptions, including, among others, mortality, lapse, surrender and withdrawal rates, election rates, fund performance, market volatility and interest rates. A wide range of derivative contracts are used in these hedging programs, including exchange traded equity, currency and interest rate futures contracts, total return and/or other equity swaps, interest rate swap and floor contracts, bond and bond-index total return swaps, swaptions, variance swaps and equity options, credit and foreign exchange derivatives, as well as bond and repo transactions to support the hedging. The derivative contracts are collectively managed in an effort to reduce the economic impact of unfavorable changes in guaranteed benefits’ exposures attributable to movements in capital markets. In addition, as part of its hedging strategy, the Company targets an asset level for all variable annuity products at or above a CTE98 level under most economic scenarios (CTE is a statistical measure of tail risk which quantifies the total asset requirement to sustain a loss if an event outside a given probability level has occurred. CTE98 denotes the financial resources a company would need to cover the average of the worst 2% of scenarios.) Derivatives Utilized to Hedge Exposure to Variable Annuities with Guarantee Features The Company has issued and continues to offer variable annuity products with GMxB features which are accounted for as MRBs. The risk associated with the GMDB feature is that under-performance of the financial markets could result in GMDB benefits, in the event of death, being higher than what accumulated policyholders’ account balances would support. The risk associated with the GMIB feature is that under-performance of the financial markets could result in the present value of GMIB, in the event of annuitization, being higher than what accumulated policyholders’ account balances would support, taking into account the relationship between current annuity purchase rates and the GMIB guaranteed annuity purchase rates. The risk associated with products that have a GMxB feature and are accounted for as MRBs is that under-performance of the financial markets could result in the GMxB features benefits being higher than what accumulated policyholders’ account balances would support. For GMxB features, the Company retains certain risks including basis, credit spread, and some volatility risk and risk associated with actual experience compared to expected actuarial assumptions for mortality, lapse and surrender, withdrawal and policyholder election rates, among other things. The derivative contracts are managed to correlate with changes in the value of the GMxB features that result from financial markets movements. A portion of exposure to realized equity volatility is hedged using equity options and variance swaps and a portion of exposure to credit risk is hedged using total return swaps on fixed income indices. Additionally, the Company is party to total return swaps for which the reference U.S. Treasury securities are contemporaneously purchased from the market and sold to the swap counterparty. As these transactions result in a transfer of control of the U.S. Treasury securities to the swap counterparty, the Company derecognizes these securities with consequent gain or loss from the sale. The Company has also purchased reinsurance contracts to mitigate the risks associated with GMDB features and the impact of potential market fluctuations on future policyholder elections of GMIB features contained in certain annuity contracts issued by the Company. The reinsurance of these features is accounted for as purchased MRBs. In addition, on June 1, 2021, we ceded legacy variable annuity policies sold by Equitable Financial between 2006-2008 (the “Block”), comprised of non-New York “Accumulator” policies containing fixed rate GMIB and/or GMDB guarantees to CS Life. As this contract provides full risk transfer and thus has the same risk attributes as the underlying direct contracts, the benefits of this treaty are accounted for in the same manner as the underlying gross reserves and therefore the amounts due from reinsurers related to the GMIB with NLG are accounted for as purchased MRBs. The Company has in place an economic hedge program using U.S. Treasury futures to partially protect the overall profitability of future variable annuity sales against declining interest rates. Derivatives Utilized to Hedge Crediting Rate Exposure on SCS, SIO, MSO and IUL Products/Investment Options The Company hedges crediting rates in the SCS variable annuity, SIO in the EQUI-VEST variable annuity series, MSO in the variable life insurance products and IUL insurance products. These products permit the contract owner to participate in the performance of an index, ETF or commodity price movement up to a cap for a set period of time. They also contain a protection feature, in which the Company will absorb, up to a certain percentage, the loss of value in an index, ETF or commodity price, which varies by product segment. In order to support the returns associated with these features, the Company enters into derivative contracts whose payouts, in combination with fixed income investments, emulate those of the index, ETF or commodity price, subject to caps and buffers, thereby substantially reducing any exposure to market-related earnings volatility. Derivatives Used to Hedge Equity Market Risks Associated with the General Account’s Seed Money Investments in Retail Mutual Funds The Company’s General Account seed money investments in retail mutual funds expose us to market risk, including equity market risk which is partially hedged through equity-index futures contracts to minimize such risk. Derivatives Used for General Account Investment Portfolio The Company purchased CDS to mitigate its exposure to a reference entity through cash positions. These positions do not replicate credit spreads. The Company purchased 30-year TIPS and other sovereign bonds, both inflation linked and non-inflation linked, as General Account investments and enters into asset or cross-currency basis swaps, to result in payment of the given bond’s coupons and principal at maturity in the bond’s specified currency to the swap counterparty in return for fixed dollar amounts. These swaps, when considered in combination with the bonds, together result in a net position that is intended to replicate a dollar-denominated fixed-coupon cash bond with a yield higher than a term-equivalent U.S. Treasury bond. Derivatives Utilized to Hedge Exposure to Foreign Currency Denominated Cash Flows The Company purchases private placement debt securities and issues funding agreements in the Funding Agreement-Backed Notes (“FABN”) program in currencies other than its functional U.S. dollar currency. The Company enters into cross currency swaps with external counterparties to hedge the exposure of the foreign currency denominated cash flows of these instruments. The foreign currency received from or paid to the cross currency swap counterparty is exchanged for fixed U.S. dollar amounts with improved net investment yields or net product costs over equivalent U.S. dollar denominated instruments issued at that time. The transactions are accounted for as cash flow hedges when they are designated in hedging relationships and qualify for hedge accounting. These cross currency swaps are for the period the foreign currency denominated private placement debt securities and funding agreement are outstanding, with the longest cross currency swap expiring in 2033. Since these cross currency swaps are designated and qualify as cash flow hedges, the corresponding interest accruals are recognized in Net investment income and in interest credited to policyholders’ account balances. The tables below present quantitative disclosures about the Company’s derivative instruments designated in hedging relationships and derivative instruments which have not been designated in hedging relationships, including those embedded in other contracts required to be accounted for as derivative instruments. The following table presents the gross notional amount and fair value of the Company’s derivatives: Derivative Instruments by Category September 30, 2024 December 31, 2023 Fair Value Fair Value Notional Amount Derivative Assets Derivative Liabilities Net Derivatives Notional Amount Derivative Assets Derivative Liabilities Net Derivatives (in millions) Derivatives: designated for hedge accounting (1) Cash flow hedges: Currency swaps $ 2,996 $ 92 $ 112 $ (20) $ 2,358 $ 79 $ 90 $ (11) Interest swaps 952 — 339 (339) 952 — 311 (311) Total: designated for hedge accounting 3,948 92 451 (359) 3,310 79 401 (322) Derivatives: not designated for hedge accounting (1) Equity contracts: Futures 10,206 — 3 (3) 7,877 — 4 (4) Swaps 15,456 61 11 50 15,021 53 10 43 Options 68,354 19,823 4,552 15,271 53,927 13,213 3,129 10,084 Interest rate contracts: Futures 9,086 — — — 8,094 — — — Swaps 2,921 20 31 (11) 2,887 118 2 116 Credit contracts: Credit default swaps 279 7 7 — 242 9 6 3 Currency contracts: Currency swaps 870 — 14 (14) 823 — 27 (27) Currency forwards 28 16 16 — 36 20 21 (1) Other freestanding contracts: Margin — 598 — 598 — 468 — 468 Collateral — 125 14,673 (14,548) — 75 9,232 (9,157) Total: not designated for hedge accounting 107,200 20,650 19,307 1,343 88,907 13,956 12,431 1,525 Embedded derivatives: SCS, SIO, MSO and IUL indexed features (2) — — 16,261 (16,261) — — 10,745 (10,745) Total embedded derivatives — — 16,261 (16,261) — — 10,745 (10,745) Total derivative instruments $ 111,148 $ 20,742 $ 36,019 $ (15,277) $ 92,217 $ 14,035 $ 23,577 $ (9,542) ______________ (1) Reported in other invested assets in the consolidated balance sheets. (2) Reported in policyholders’ account balances in the consolidated balance sheets. The following table presents the effects of derivative instruments on the consolidated statements of income and comprehensive income (loss): Derivative Instruments by Category Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI (in millions) Derivatives: designated for hedge accounting Cash flow hedges: Currency swaps $ (8) $ 2 $ 42 $ (60) $ (7) $ 10 $ 19 $ (22) Interest swaps — 3 — (5) — (11) — 1 Total: designated for hedge accounting (8) 5 42 (65) (7) (1) 19 (21) Derivatives: not Designated for hedge accounting Equity contracts: Futures 85 — — — 376 — — — Swaps (737) — — — (1,951) — — — Options 1,385 — — — 5,406 — — — Interest rate contracts: Futures (5) — — — (16) — — — Swaps 143 — — — (110) — — — Credit contracts: Credit default swaps (1) — — — (2) — — — Currency contracts: Currency swaps (42) — — — (29) — — — Currency forwards (1) — — — — — — — Other freestanding contracts: Margin — — — — — — — — Collateral — — — — — — — — Total: not designated for hedge accounting 827 — — — 3,674 — — — Embedded derivatives: SCS, SIO,MSO and IUL indexed features (1,533) — — — (5,965) — — — Total embedded derivatives (1,533) — — — (5,965) — — — Total derivative instruments $ (714) $ 5 $ 42 $ (65) $ (2,298) $ (1) $ 19 $ (21) ______________ (1) Reported in net derivative gains (losses) in the consolidated statements of income (loss). Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI (in millions) Derivatives: designated for hedge accounting Cash flow hedges: Currency swaps $ (12) $ 2 $ 8 $ 14 $ (2) $ 8 $ (59) $ 41 Interest swaps 8 — — 27 (13) — — 30 Total: designated for hedge accounting (4) 2 8 41 (15) 8 (59) 71 Derivatives: not Designated for hedge accounting Equity contracts: Futures (28) — — — (187) — — — Swaps 666 — — — (645) — — — Options (868) — — — 3,133 — — — Interest rate contracts: Futures 26 — — — 36 — — — Swaps (288) — — — (297) — — — Credit contracts: Credit default swaps — — — — (5) — — — Currency contracts: Currency swaps 28 — — — 9 — — — Currency forwards 1 — — — 1 — — — Total: not designated for hedge accounting (463) — — — 2,045 — — — Embedded derivatives: SCS, SIO,MSO and IUL indexed features 1,082 — — — (3,173) — — — Total embedded derivatives 1,082 — — — (3,173) — — — Total derivative instruments (1) $ 615 $ 2 $ 8 $ 41 $ (1,143) $ 8 $ (59) $ 71 ______________ (1) Reported in net derivative gains (losses) in the consolidated statements of income (loss). The following table presents a roll-forward of cash flow hedges recognized in AOCI: Roll-forward of Cash flow hedges in AOCI Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Balance, beginning of period $ 13 $ 52 $ (31) $ 22 Amount recorded in AOCI Currency swaps (17) (17) 1 (12) Interest swaps (7) 31 (23) 4 Total amount recorded in AOCI (24) 14 (22) (8) Amount reclassified from (to) income to AOCI Currency swaps (1) (43) 31 (23) 53 Interest swaps (1) 2 (4) 24 26 Total amount reclassified from (to) income to AOCI (41) 27 1 79 Balance, end of period (2) $ (52) $ 93 $ (52) $ 93 _______________ (1) Currency swaps income is reported in Net investment income in the consolidated statements of income (loss). Interest swaps income is reported in net derivative gains (losses) in the consolidated statements of income (loss). (2) The Company does not estimate the amount of the deferred losses in AOCI at three and nine months ended September 30, 2024 and 2023 which will be released and reclassified into net income (loss) over the next 12 months as the amounts cannot be reasonably estimated. Equity-Based and Treasury Futures Contracts Margin All outstanding equity-based and treasury futures contracts as of September 30, 2024 and December 31, 2023 are exchange-traded and net settled daily in cash. As of September 30, 2024 and December 31, 2023, respectively, the Company had open exchange-traded futures positions on: (i) the S&P 500, Nasdaq, Russell 2000 and Emerging Market indices, having initial margin requirements of $492 million and $369 million, (ii) the 2-year, 5-year and 10-year U.S. Treasury Notes on U.S. Treasury bonds and ultra-long bonds, having initial margin requirements of $126 million and $120 million, and (iii) the Euro Stoxx, FTSE 100, Topix, ASX 200 and EAFE indices as well as corresponding currency futures on the Euro/U.S. dollar, Pound/U.S. dollar, Australian dollar/U.S. dollar, and Yen/U.S. dollar, having initial margin requirements of $14 million and $14 million. Collateral Arrangements The Company generally has executed a CSA under the ISDA Master Agreement it maintains with each of its OTC derivative counterparties that requires both posting and accepting collateral either in the form of cash or high-quality securities, such as U.S. Treasury securities, U.S. government and government agency securities and investment grade corporate bonds. The Company nets the fair value of all derivative financial instruments with counterparties for which an ISDA Master Agreement and related CSA have been executed. As of September 30, 2024 and December 31, 2023, respectively, the Company held $14.7 billion and $9.2 billion in cash and securities collateral delivered by trade counterparties, representing the fair value of the related derivative agreements. The unrestricted cash collateral is reported in other invested assets. The Company posted collateral of $125 million and $75 million as of September 30, 2024 and December 31, 2023, respectively, in the normal operation of its collateral arrangements. 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 international financial institutions and other creditworthy counterparties governed by master netting agreements, as applicable; (ii) trading through central clearing and OTC parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single party credit exposures which are subject to periodic management review. Substantially all of the Company’s derivative agreements have zero thresholds which require daily full collateralization by the party in a liability position. In addition, certain of the Company’s derivative agreements contain credit-risk related contingent features; if the credit rating of one of the parties to the derivative agreement is to fall below a certain level, the party with positive fair value could request termination at the then fair value or demand immediate full collateralization from the party whose credit rating fell and is in a net liability position. As of September 30, 2024 and December 31, 2023, there were no net liability derivative positions with counterparties with credit risk-related contingent features whose credit rating has fallen. All derivatives have been appropriately collateralized by the Company or the counterparty in accordance with the terms of the derivative agreements. The following tables present information about the Company’s offsetting of financial assets and liabilities and derivative instruments: Offsetting of Financial Assets and Liabilities and Derivative Instruments As of September 30, 2024 Gross Amount Recognized Gross Amount Offset in the Balance Sheets Net Amount Presented in the Balance Sheets Gross Amount not Offset in the Balance Sheets (3) Net Amount (in millions) Assets: Derivative assets (1) $ 20,743 $ 15,756 $ 4,987 $ (3,991) $ 996 Secured lending 127 — 127 — 127 Other financial assets 1,711 — 1,711 — 1,711 Other invested assets $ 22,581 $ 15,756 $ 6,825 $ (3,991) $ 2,834 Liabilities: Derivative liabilities (2) $ 15,767 $ 15,756 $ 11 $ — $ 11 Secured lending 127 — $ 127 — 127 Other financial liabilities 6,507 — 6,507 — 6,507 Other liabilities $ 22,401 $ 15,756 $ 6,645 $ — $ 6,645 ______________ (1) Excludes Asset Management segment’s derivative assets of consolidated VIEs/VOEs. (2) Excludes Asset Management segment’s derivative liabilities of consolidated VIEs/VOEs. (3) Financial instruments/collateral sent (held). As of December 31, 2023 Gross Amount Recognized Gross Amount Offset in the Balance Sheets Net Amount Presented in the Balance Sheets Gross Amount not Offset in the Balance Sheets (3) Net Amount (in millions) Assets: Derivative assets (1) $ 14,036 $ 9,543 $ 4,493 $ (3,254) $ 1,239 Secured Lending $ 116 $ — $ 116 $ — $ 116 Other financial assets 2,110 — 2,110 — 2,110 Other invested assets $ 16,262 $ 9,543 $ 6,719 $ (3,254) $ 3,465 Liabilities: Derivative liabilities (2) $ 9,579 $ 9,543 $ 36 $ — $ 36 Secured Lending $ 116 $ — $ 116 $ — $ 116 Other financial liabilities 5,936 — 5,936 — 5,936 Other liabilities $ 15,631 $ 9,543 $ 6,088 $ — $ 6,088 ______________ (1) Excludes Asset Management segment’s derivative assets of consolidated VIEs/VOEs. (2) Excludes Asset Management segment’s derivative liabilities of consolidated VIEs/VOEs. (3) Financial instruments sent (held).

CLOSED BLOCK

CLOSED BLOCK	9 Months Ended
CLOSED BLOCK	Sep. 30, 2024
Closed Block Disclosure [Abstract]
CLOSED BLOCK	CLOSED BLOCK As a result of demutualization, the Company’s Closed Block was established in 1992 for the benefit of certain individual participating policies that were in force on that date. Assets, liabilities and earnings of the Closed Block are specifically identified to support its participating policyholders. Assets allocated to the Closed Block insure solely to the benefit of the Closed Block policyholders and will not revert to the benefit of the Company. No reallocation, transfer, borrowing or lending of assets can be made between the Closed Block and other portions of the Company’s General Account, any of its Separate Accounts or any affiliate of the Company without the approval of the New York State Department of Financial Services (the “NYDFS”). Closed Block assets and liabilities are carried on the same basis as similar assets and liabilities held in the General Account. For more information on the Closed Block, see Note 6 to the Company's consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2023. Summarized financial information for the Company’s Closed Block is as follows: September 30, 2024 December 31, 2023 (in millions) Closed Block Liabilities: Future policy benefits, policyholders’ account balances and other $ 5,271 $ 5,461 Other liabilities 57 57 Total Closed Block liabilities 5,328 5,518 Assets Designated to the Closed Block: Fixed maturities AFS, at fair value (amortized cost of $2,862 and $2,945) (allowance for credit losses of $0 and $0) 2,785 2,800 Mortgage loans on real estate (net of allowance for credit losses of $15 and $13) 1,541 1,612 Policy loans 534 554 Cash and other invested assets 79 58 Other assets 117 150 Total assets designated to the Closed Block 5,056 5,174 Excess of Closed Block liabilities over assets designated to the Closed Block 272 344 Amounts included in AOCI: Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $0 and $0; and net of income tax: $16 and $31 (61) (115) Maximum future earnings to be recognized from Closed Block assets and liabilities $ 211 $ 229 The Company’s Closed Block revenues and expenses were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Revenues: Premiums and other income $ 26 $ 27 $ 81 $ 86 Net investment income (loss) 51 53 154 156 Investment gains (losses), net (2) (6) (3) (6) Total revenues 75 74 232 236 Benefits and Other Deductions: Policyholders’ benefits and dividends 69 79 210 237 Other operating costs and expenses — — — — Total benefits and other deductions 69 79 210 237 Net income (loss), before income taxes 6 (5) 22 (1) Income tax (expense) benefit (2) 2 (5) — Net income (loss) $ 4 $ (3) $ 17 $ (1)

DAC AND OTHER DEFERRED ASSETS_L

DAC AND OTHER DEFERRED ASSETS/LIABILITIES	9 Months Ended
DAC AND OTHER DEFERRED ASSETS/LIABILITIES	Sep. 30, 2024
Contract Holder Bonus Interest Credits [Abstract]
DAC AND OTHER DEFERRED ASSETS/LIABILITIES	DAC AND OTHER DEFERRED ASSETS/LIABILITIES The following table presents a reconciliation of DAC to the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Protection Solutions Term $ 320 $ 337 Universal Life 171 174 Variable Universal Life 1,055 987 Indexed Universal Life 187 188 Individual Retirement GMxB Core 1,594 1,602 EQUI-VEST Individual 155 155 Investment Edge 211 172 SCS 1,840 1,571 Legacy Segment GMxB Legacy 527 555 Group Retirement EQUI-VEST Group 758 742 Momentum 84 82 Corporate and Other 109 116 Other 20 24 Total $ 7,031 $ 6,705 Annually, or as circumstances warrant, we review the associated decrements assumptions (i.e., mortality and lapse) based on our multi-year average of companies experience with actuarial judgements to reflect other observable industry trends. In addition to DAC, the unearned revenue liability and sales inducement asset (“SIA”) use similar techniques and quarterly update processes for balance amortization. Changes in the DAC asset were as follows: Nine Months Ended September 30, 2024 Protection Solutions Individual Retirement Legacy Group Retirement Corporate and Other Total Term UL VUL IUL GMxB Core EI IE SCS GMxB Legacy EG Momentum CB (1) (in millions) Balance, beginning of period $ 337 $ 174 $ 987 $ 188 $ 1,602 $ 155 $ 172 $ 1,571 $ 555 $ 742 $ 82 $ 116 $ 6,681 Capitalization 10 6 114 8 104 9 51 473 19 49 8 — 851 Amortization (2) (27) (9) (46) (9) (112) (9) (12) (204) (47) (33) (6) (7) (521) Balance, end of period $ 320 $ 171 $ 1,055 $ 187 $ 1,594 $ 155 $ 211 $ 1,840 $ 527 $ 758 $ 84 $ 109 $ 7,011 ______________ (1) “CB” defined as Closed Block. (2) DAC amortization of $4 million related to Other not reflected in table above. Nine Months Ended September 30, 2023 Protection Solutions Individual Retirement Legacy Group Retirement Corporate and Other Total Term UL VUL IUL GMxB Core EI IE SCS GMxB Legacy EG Momentum CB (in millions) Balance, beginning of period $ 362 $ 179 $ 889 $ 185 $ 1,625 $ 156 $ 148 $ 1,279 $ 593 $ 710 $ 89 $ 127 $ 6,342 Capitalization 11 5 109 10 87 8 30 364 19 51 7 — 701 Amortization (1) (29) (9) (42) (8) (107) (9) (11) (154) (48) (31) (13) (8) (469) Balance, end of period $ 344 $ 175 $ 956 $ 187 $ 1,605 $ 155 $ 167 $ 1,489 $ 564 $ 730 $ 83 $ 119 $ 6,574 ______________ (1) DAC amortization of $3 million related to Other not reflected in table above. Changes in the Individual Retirement sales inducement assets were as follows: Nine Months Ended September 30, 2024 2023 GMxB Core GMxB Legacy GMxB Core GMxB Legacy (in millions) Balance, beginning of period $ 127 $ 179 $ 137 $ 200 Capitalization 2 — 2 — Amortization (9) (15) (9) (16) Balance, end of period $ 120 $ 164 $ 130 $ 184 Changes in the Protection Solutions unearned revenue liability were as follows: Nine Months Ended September 30, 2024 2023 UL VUL IUL UL VUL IUL (in millions) Balance, beginning of period $ 107 $ 754 $ 210 $ 95 $ 684 $ 157 Capitalization 12 99 42 14 86 49 Amortization (6) (36) (11) (5) (34) (8) Balance, end of period $ 113 $ 817 $ 241 $ 104 $ 736 $ 198 The following table reconciles the net liability for future policy benefits and liability of death benefits to the liability for future policy benefits in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Reconciliation Term $ 1,367 $ 1,348 Payout 5,103 4,464 Group Pension - Benefit Reserve & DPL 487 490 Health 1,448 1,505 UL 1,256 1,193 Subtotal 9,661 9,000 Whole Life Closed Block and Open Block products 5,259 5,444 Other (1) 932 970 Future policyholder benefits total 15,852 15,414 Other policyholder funds and dividends payable 2,084 1,949 Total $ 17,936 $ 17,363 _____________ (1) Primarily consists of future policy benefits related to Protective Life and Annuity, Assumed Life and Disability, Group Life Run off, Variable Interest Sensitive Life rider and EB. The following table summarizes balances and changes in the liability for future policy benefits for nonparticipating traditional and limited pay contracts: Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Protection Solutions Individual Retirement Corporate & Other Protection Solutions Individual Retirement Corporate & Other Term Payout Group Pension Health Term Payout Group Pension Health (in millions) Present Value of Expected Net Premiums Balance, beginning of period $ 2,133 $ — $ — $ (21) $ 2,100 $ — $ — $ (5) Beginning balance at original discount rate 2,058 — — (22) 2,078 — — (5) Effect of changes in cash flow assumptions 21 — — (3) 32 — — (8) Effect of actual variances from expected experience (79) — — (5) (14) — — (6) Adjusted beginning of period balance 2,000 — — (30) 2,096 — — (19) Issuances 40 — — — 49 — — — Interest accrual 73 — — (1) 75 — — (1) Net premiums collected (139) — — 3 (147) — — 2 Ending Balance at original discount rate 1,974 — — (28) 2,073 — — (18) Effect of changes in discount rate assumptions 79 — — 1 (82) — — 1 Balance, end of period $ 2,053 $ — $ — $ (27) $ 1,991 $ — $ — $ (17) Present Value of Expected Future Policy Benefits Balance, beginning of period $ 3,480 $ 4,464 $ 490 $ 1,484 $ 3,465 $ 3,517 $ 523 $ 1,553 Beginning balance of original discount rate 3,330 4,680 536 1,672 3,391 3,869 583 1,795 Effect of changes in cash flow assumptions 39 — — — 40 — — (12) Effect of actual variances from expected experience (101) (1) 2 (12) (16) 1 — (5) Adjusted beginning of period balance 3,268 4,679 538 1,660 3,415 3,870 583 1,778 Issuances 43 765 21 — 53 771 — — Interest accrual 123 131 14 41 126 94 15 43 Benefits payments (182) (342) (47) (122) (254) (268) (50) (111) Ending Balance at original discount rate 3,252 5,233 526 1,579 3,340 4,467 548 1,710 Effect of changes in discount rate assumptions 167 (130) (39) (158) (84) (486) (73) (290) Balance, end of period $ 3,419 $ 5,103 $ 487 $ 1,421 $ 3,256 $ 3,981 $ 475 $ 1,420 Impact of flooring LFPB at zero 1 — — — 1 — — — Net liability for future policy benefits $ 1,367 5,103 487 1,448 1,266 3,981 475 1,437 Less: Reinsurance recoverable 3 (1,299) — (1,136) 25 (777) — (1,145) Net liability for future policy benefits, after reinsurance recoverable $ 1,370 $ 3,804 $ 487 $ 312 $ 1,291 $ 3,204 $ 475 $ 292 Weighted-average duration of liability for future policyholder benefits (years) 6.8 7.8 7.0 8.5 7.1 8.1 7.1 8.7 The following table provides the amount of undiscounted and discounted expected gross premiums and expected future benefits and expenses related to nonparticipating traditional and limited payment contracts: September 30, 2024 December 31, 2023 (in millions) Term Expected future benefit payments and expenses (undiscounted) $ 5,691 $ 5,878 Expected future gross premiums (undiscounted) 6,679 6,979 Expected future benefit payments and expenses (discounted; AOCI basis) 3,420 3,480 Expected future gross premiums (discounted; AOCI basis) 3,747 3,879 Payout Expected future benefit payments and expenses (undiscounted) 7,464 6,630 Expected future gross premiums (undiscounted) — — Expected future benefit payments and expenses (discounted; AOCI basis) 4,995 4,350 Expected future gross premiums (discounted; AOCI basis) — — Group Pension Expected future benefit payments and expenses (undiscounted) 627 668 Expected future gross premiums (undiscounted) — — Expected future benefit payments and expenses (discounted; AOCI basis) 470 471 Expected future gross premiums (discounted; AOCI basis) — — Health Expected future benefit payments and expenses (undiscounted) 2,177 2,318 Expected future gross premiums (undiscounted) 75 85 Expected future benefit payments and expenses (discounted; AOCI basis) 1,405 1,468 Expected future gross premiums (discounted; AOCI basis) $ 60 $ 68 The table below summarizes the revenue and interest related to nonparticipating traditional and limited payment contracts: Nine Months Ended September 30, 2024 2023 2024 2023 Gross Premium Interest Accretion (in millions) Revenue and Interest Accretion Term $ 254 $ 206 $ 50 $ 50 Payout 201 135 153 103 Group Pension — — 13 15 Health 9 6 41 44 Total $ 464 $ 347 $ 257 $ 212 The following table provides the weighted average interest rates for the liability for future policy benefits: September 30, 2024 December 31, 2023 Weighted Average Interest Rate Term Interest accretion rate 5.6 % 5.6 % Current discount rate 4.6 % 4.8 % Payout Interest accretion rate 4.4 % 4.2 % Current discount rate 4.7 % 4.9 % Group Pension Interest accretion rate 3.3 % 3.3 % Current discount rate 4.6 % 4.8 % Health Interest accretion rate 3.4 % 3.4 % Current discount rate 4.8 % 4.9 % The following table provides the balance, changes in and the weighted average durations of the additional insurance liabilities: Nine Months Ended September 30, 2024 2023 Protection Solutions UL (Dollars in millions) Balance, beginning of period $ 1,193 $ 1,109 Beginning balance before AOCI adjustments 1,230 1,135 Effect of changes in interest rate & cash flow assumptions and model changes 17 (12) Effect of actual variances from expected experience (2) 14 Adjusted beginning of period balance 1,245 1,137 Interest accrual 41 38 Net assessments collected 53 50 Benefit payments (44) (39) Ending balance before shadow reserve adjustments 1,295 1,186 Effect of reserve adjustment recorded in AOCI (39) (55) Balance, end of period $ 1,256 $ 1,131 Net liability for additional liability $ 1,256 $ 1,131 Less: Reinsurance recoverable — — Net liability for additional liability, after reinsurance recoverable $ 1,256 $ 1,131 Weighted-average duration of additional liability - death benefit (years) 19.7 19.2 The following tables provide the revenue, interest and weighted average interest rates, related to the additional insurance liabilities: Nine Months Ended September 30, 2024 2023 2024 2023 Assessments Interest Accretion (in millions) Revenue and Interest Accretion UL $ 499 $ 487 $ 41 $ 38 Total $ 499 $ 487 $ 41 $ 38 Nine Months Ended September 30, 2024 2023 Weighted Average Interest Rate UL 4.5 % 4.5 % Interest accretion rate 4.5 % 4.5 % The discount rate used for additional insurance liabilities reserve is based on the crediting rate at issue.

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	9 Months Ended
FAIR VALUE DISCLOSURES	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	FAIR VALUE DISCLOSURES U.S. GAAP establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value, and identifies three levels of inputs that may be used to measure fair value: Level 1 Unadjusted quoted prices for identical instruments in active markets. Level 1 fair values generally are supported by market transactions that occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar instruments, quoted prices in markets that are not active, and inputs to model-derived valuations that are directly observable or can be corroborated by observable market data. Level 3 Unobservable inputs supported by little or no market activity and often requiring significant management judgment or estimation, such as an entity’s own assumptions about the cash flows or other significant components of value that market participants would use in pricing the asset or liability. The Company uses unadjusted quoted market prices to measure fair value for those instruments that are actively traded in financial markets. In cases where quoted market prices are not available, fair values are measured using present value or other valuation techniques. The fair value determinations are made at a specific point in time, based on available market information and judgments about the financial instrument, including estimates of the timing and amount of expected future cash flows and the credit standing of counterparties. Such adjustments do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument, nor do they consider the tax impact of the realization of unrealized gains or losses. In many cases, the fair value cannot be substantiated by direct comparison to independent markets, nor can the disclosed value be realized in immediate settlement of the instrument. Management is responsible for the determination of the value of investments carried at fair value and the supporting methodologies and assumptions. Under the terms of various service agreements, the Company often utilizes independent valuation service providers to gather, analyze, and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual securities. These independent valuation service providers typically obtain data about market transactions and other key valuation model inputs from multiple sources and, through the use of widely accepted valuation models, provide a single fair value measurement for individual securities for which a fair value has been requested. As further described below with respect to specific asset classes, these inputs include, but are not limited to, market prices for recent trades and transactions in comparable securities, benchmark yields, interest rate yield curves, credit spreads, quoted prices for similar securities, and other market-observable information, as applicable. Specific attributes of the security being valued are also considered, including its term, interest rate, credit rating, industry sector, and when applicable, collateral quality and other security- or issuer-specific information. When insufficient market observable information is available upon which to measure fair value, the Company either will request brokers knowledgeable about these securities to provide a non-binding quote or will employ internal valuation models. Fair values received from independent valuation service providers and brokers and those internally modeled or otherwise estimated are assessed for reasonableness. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Fair value measurements are required on a non-recurring basis for certain assets only when an impairment or other events occur. For the periods ended September 30, 2024 and December 31, 2023, the Company recognized impairment adjustments and impairment losses, respectively, to adjust the carrying value of HFS asset and liabilities to their fair value less cost to sell. The value is measured on a nonrecurring basis and categorized within Level 3 of the fair value hierarchy. The fair value was determined using a market approach, estimated based on the negotiated value of the asset and liabilities. See Note 20 of the Notes to these Consolidated Financial Statements for additional details of the HFS assets and liabilities. Assets and Liabilities Measured at Fair Value on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements as of September 30, 2024 Level 1 Level 2 Level 3 Total (in millions) Assets: Investments Fixed maturities, AFS: Corporate (1) $ — $ 47,075 $ 2,449 $ 49,524 U.S. Treasury, government and agency — 4,716 — 4,716 States and political subdivisions — 408 — 408 Foreign governments — 607 — 607 Residential mortgage-backed (2) — 3,888 — 3,888 Asset-backed (3) — 13,324 63 13,387 Commercial mortgage-backed — 3,647 8 3,655 Redeemable preferred stock — 60 — 60 Total fixed maturities, AFS — 73,725 2,520 76,245 Fixed maturities, at fair value using the fair value option — 1,388 312 1,700 Other equity investments (4) 243 332 54 629 Trading securities 432 1,725 58 2,215 Other invested assets: Short-term investments — 81 — 81 Assets of consolidated VIEs/VOEs 17 250 2 269 Swaps — (334) — (334) Credit default swaps — — — — Futures (3) — — (3) Options — 15,271 — 15,271 Total other invested assets 14 15,268 2 15,284 Cash equivalents 6,941 1,334 — 8,275 Segregated securities — 547 — 547 Purchased market risk benefits — — 8,492 8,492 Assets for market risk benefits — — 740 740 Separate Accounts assets (5) 134,337 2,524 — 136,861 Total Assets $ 141,967 $ 96,843 $ 12,178 $ 250,988 Liabilities: Notes issued by consolidated VIE’s, at fair value using the fair value option (6) $ — $ 1,561 $ 168 $ 1,729 SCS, SIO, MSO and IUL indexed features’ liability — 16,261 — 16,261 Liabilities of consolidated VIEs and VOEs — — — — Liabilities for market risk benefits — — 13,197 13,197 Contingent payment arrangements — — 129 129 Total Liabilities $ — $ 17,822 $ 13,494 $ 31,316 ______________ (1) Corporate fixed maturities includes both public and private issues. (2) Includes publicly traded agency pass-through securities and collateralized obligations. (3) Includes credit-tranched securities collateralized by sub-prime mortgages, credit risk transfer securities and other asset types. (4) Includes short position equity securities of $17 million that are reported in other liabilities. (5) Separate Accounts 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. As of September 30, 2024, the fair value of such investments was $329 million. (6) Accrued interest payable of $15 million is reported in Notes issued by consolidated VIE’s, at fair value using the fair value option in the consolidated balance sheets, which is not required to be measured at fair value on a recurring basis. Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets: Investments Fixed maturities, AFS: Corporate (1) $ — $ 42,584 $ 2,158 $ 44,742 U.S. Treasury, government and agency — 4,631 — 4,631 States and political subdivisions — 522 27 549 Foreign governments — 611 — 611 Residential mortgage-backed (2) — 2,355 — 2,355 Asset-backed (3) — 10,954 47 11,001 Commercial mortgage-backed (2) — 3,075 7 3,082 Redeemable preferred stock — 59 — 59 Total fixed maturities, AFS — 64,791 2,239 67,030 Fixed maturities, at fair value using the fair value option — 1,473 181 1,654 Other equity investments (4) 217 464 54 735 Trading securities 321 675 61 1,057 Other invested assets: Short-term investments — 429 — 429 Assets of consolidated VIEs/VOEs 61 350 3 414 Swaps — (190) — (190) Credit default swaps — 3 — 3 Futures (4) — — (4) Options — 10,084 — 10,084 Total other invested assets 57 10,676 3 10,736 Cash equivalents 5,901 694 — 6,595 Segregated securities — 868 — 868 Purchased market risk benefits — — 9,427 9,427 Assets for market risk benefits — — 591 591 Separate Accounts assets (5) 124,099 2,624 — 126,723 Total Assets $ 130,595 $ 82,265 $ 12,556 $ 225,416 Liabilities: Notes issued by consolidated VIE’s, at fair value using the fair value option (6) $ — $ 1,539 $ — $ 1,539 SCS, SIO, MSO and IUL indexed features’ liability — 10,745 — 10,745 Liabilities of consolidated VIEs and VOEs 1 2 — 3 Liabilities for market risk benefits — — 14,612 14,612 Contingent payment arrangements — — 253 253 Total Liabilities $ 1 $ 12,286 $ 14,865 $ 27,152 ______________ (1) Corporate fixed maturities includes both public and private issues. (2) Includes publicly traded agency pass-through securities and collateralized obligations. (3) Includes credit-tranched securities collateralized by sub-prime mortgages, credit risk transfer securities and other asset types. (4) Includes short position equity securities of $4 million that are reported in other liabilities. (5) Separate Accounts 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. As of December 31, 2023, the fair value of such investments was $371 million. (6) Accrued interest payable of $20 million is reported in Notes issued by consolidated VIE’s, at fair value using the fair value option in the consolidated balance sheets, which is not required to be measured at fair value on a recurring basis. Public Fixed Maturities The fair values of the Company’s public fixed maturities, including those accounted for using the fair value option are generally based on prices obtained from independent valuation service providers and for which the Company maintains a vendor hierarchy by asset type based on historical pricing experience and vendor expertise. Although each security generally is priced by multiple independent valuation service providers, the Company ultimately uses the price received from the independent valuation service provider highest in the vendor hierarchy based on the respective asset type, with limited exception. To validate reasonableness, prices also are internally reviewed by those with relevant expertise through comparison with directly observed recent market trades. Consistent with the fair value hierarchy, public fixed maturities validated in this manner generally are reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Private Fixed Maturities The fair values of the Company’s private fixed maturities, including those accounted for using the fair value option are determined from prices obtained from independent valuation service providers. Prices not obtained from an independent valuation service provider are determined by using a discounted cash flow model or a market comparable company valuation technique. In certain cases, these models use observable inputs with a discount rate based upon the average of spread surveys collected from private market intermediaries who are active in both primary and secondary transactions, taking into account, among other factors, the credit quality and industry sector of the issuer and the reduced liquidity associated with private placements. Generally, these securities have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model or a market comparable company valuation technique may also incorporate unobservable inputs, which reflect the Company’s own assumptions about the inputs market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the fair value measurement of a security, a Level 3 classification generally is made. Notes issued by consolidated VIE’s, at fair value using the fair value option These notes are based on the fair values of corresponding fixed maturity collateral. The CLO liabilities are also reduced by the fair value of the beneficial interests the Company retains in the CLO and the carrying value of any beneficial interests that represent compensation for services. As the notes are valued based on the reference collateral, they are classified as Level 2 or 3. Freestanding Derivative Positions The net fair value of the Company’s freestanding derivative positions as disclosed in Note 4 of the Notes to these Consolidated Financial Statements are generally based on prices obtained either from independent valuation service providers or derived by applying market inputs from recognized vendors into industry standard pricing models. The majority of these derivative contracts are traded in the OTC derivative market and are classified in Level 2. The fair values of derivative assets and liabilities traded in the OTC market are determined using quantitative models that require use of the contractual terms of the derivative instruments and multiple market inputs, including interest rates, prices, and indices to generate continuous yield or pricing curves, including overnight index swap curves, and volatility factors, which then are applied to value the positions. The predominance of market inputs is actively quoted and can be validated through external sources or reliably interpolated if less observable. Level Classifications of the Company’s Financial Instruments Financial Instruments Classified as Level 1 Investments classified as Level 1 primarily include redeemable preferred stock, trading securities, cash equivalents and Separate Accounts assets. Fair value measurements classified as Level 1 include exchange-traded prices of fixed maturities, equity securities and derivative contracts, and NAV for transacting subscriptions and redemptions of mutual fund shares held by Separate Accounts. Cash equivalents classified as Level 1 include money market accounts, overnight commercial paper and highly liquid debt instruments purchased with an original maturity of three months or less and are carried at cost as a proxy for fair value measurement due to their short-term nature. Financial Instruments Classified as Level 2 Investments classified as Level 2 are measured at fair value on a recurring basis and primarily include U.S. government and agency securities, certain corporate debt securities and financial assets and liabilities accounted for using the fair value option, such as public and private fixed maturities. As market quotes generally are not readily available or accessible for these securities, their fair value measures are determined utilizing relevant information generated by market transactions involving comparable securities and often are based on model pricing techniques that effectively discount prospective cash flows to present value using appropriate sector-adjusted credit spreads commensurate with the security’s duration, also taking into consideration issuer-specific credit quality and liquidity. Segregated securities classified as Level 2 are U.S. Treasury bills segregated by AB in a special reserve bank custody account for the exclusive benefit of brokerage customers, as required by Rule 15c3-3 of the Exchange Act and for which fair values are based on quoted yields in secondary markets. Observable inputs generally used to measure the fair value of securities classified as Level 2 include benchmark yields, reported secondary trades, issuer spreads, benchmark securities and other reference data. Additional observable inputs are used when available, and as may be appropriate, for certain security types, such as pre-payment, default, and collateral information for the purpose of measuring the fair value of mortgage- and asset-backed securities. The Company’s AAA-rated mortgage- and asset-backed securities are classified as Level 2 for which the observability of market inputs to their pricing models is supported by sufficient, albeit more recently contracted, market activity in these sectors. Certain Company products, such as the SCS, EQUI-VEST variable annuity products, IUL and the MSO fund available in some life contracts, offer investment options which permit the contract owner to participate in the performance of an index, ETF or commodity price. These investment options, which depending on the product and on the index selected, can currently have one, three, five or six year terms, provide for participation in the performance of specified indices, ETF or commodity price movement up to a segment-specific declared maximum rate. Under certain conditions that vary by product, e.g., holding these segments for the full term, these segments also shield policyholders from some or all negative investment performance associated with these indices, ETF or commodity prices. These investment options have defined formulaic liability amounts, and the current values of the option component of these segment reserves are classified as Level 2 embedded derivatives. The fair values of these embedded derivatives are based on data obtained from independent valuation service providers. Financial Instruments Classified as Level 3 The Company’s investments classified as Level 3 primarily include corporate debt securities and financial assets and liabilities accounted for using the fair value option, such as private fixed maturities and asset-backed securities. Determinations to classify fair value measures within Level 3 of the valuation hierarchy generally are based upon the significance of the unobservable factors to the overall fair value measurement. Included in the Level 3 classification are fixed maturities with indicative pricing obtained from brokers that otherwise could not be corroborated to market observable data. The Company has certain variable annuity contracts with GMDB, GMIB, GIB and GWBL and other features in-force that guarantee one of the following: • Return of Premium: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals); • Ratchet: the benefit is the greatest of current account value, premiums paid (adjusted for withdrawals), or the highest account value on any anniversary up to contractually specified ages (adjusted for withdrawals); • Roll-Up: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals) accumulated at contractually specified interest rates up to specified ages; • Combo: the benefit is the greater of the ratchet benefit or the roll-up benefit, which may include either a five year or an annual reset; or • Withdrawal: the withdrawal is guaranteed up to a maximum amount per year for life. The Company also issues certain benefits on its variable annuity products that are accounted for as MRBs carried at fair value and are also considered Level 3 for fair value leveling. The GMIBNLG feature allows the policyholder to receive guaranteed minimum lifetime annuity payments based on predetermined annuity purchase rates applied to the contract’s benefit base if and when the contract account value is depleted and the NLG feature is activated. The optional GMIB feature allows the policyholder to receive guaranteed minimum lifetime annuity payments based on predetermined annuity purchase rates. The GMWB feature allows the policyholder to withdraw at a minimum, over the life of the contract, an amount based on the contract’s benefit base. The GWBL feature allows the policyholder to withdraw, each year for the life of the contract, a specified annual percentage of an amount based on the contract’s benefit base. The GMAB feature increases the contract account value at the end of a specified period to a GMAB base. The GIB feature provides a lifetime annuity based on predetermined annuity purchase rates if and when the contract account value is depleted. This lifetime annuity is based on predetermined annuity purchase rates applied to a GIB base. The GMDB feature guarantees that the benefit paid upon death will not be less than a guaranteed benefit base. If the contract’s account value is less than the benefit base at the time a death claim is paid, the amount payable will be equal to the benefit base. The MRBs fair value will be equal to the present value of benefits less the present value of ascribed fees. Considerable judgment is utilized by management in determining the assumptions used in determining present value of benefits and ascribed fees related to lapse rates, withdrawal rates, utilization rates, non-performance risk, volatility rates, annuitization rates and mortality (collectively, the significant MRB assumptions). Purchased MRB assets, which are accounted for as MRBs carried at fair value are also considered Level 3 for fair value leveling. The purchased MRB asset fair value reflects the present value of reinsurance premiums, net of recoveries, adjusted for risk margins and nonperformance risk over a range of market consistent economic scenarios while the MRB asset and liability reflects the present value of expected future payments (benefits) less fees, adjusted for risk margins and nonperformance risk, attributable to the MRB asset and liability over a range of market-consistent economic scenarios. The valuations of the MRBs and purchased MRB assets incorporate significant non-observable assumptions related to policyholder behavior, risk margins and projections of equity Separate Accounts funds. The credit risks of the counterparty and of the Company are considered in determining the fair values of its MRBs and purchased MRB assets after taking into account the effects of collateral arrangements. Incremental adjustment to the risk-free curve for counterparty non-performance risk is made to the fair values of the purchased MRB assets. Risk margins were applied to the non-capital markets inputs to the MRBs and purchased MRB valuations. After giving consideration to collateral arrangements, the Company reduced the fair value of its purchased MRB asset by $509 million and $687 million as of September 30, 2024 and December 31, 2023, respectively, to recognize incremental counterparty non-performance risk. The Company’s Level 3 liabilities include contingent payment arrangements associated with acquisitions in 2020 and 2022 by AB. At each reporting date, AB estimates the fair values of the contingent consideration expected to be paid based upon revenue and discount rate projections, using unobservable market data inputs, which are included in Level 3 of the valuation hierarchy. The Company’s consolidated VIEs/VOEs hold investments that are classified as Level 3, primarily corporate bonds that are vendor priced with no ratings available, bank loans, non-agency collateralized mortgage obligations and asset-backed securities. Transfers of Financial Instruments Between Levels 2 and 3 During the nine months ended September 30, 2024, fixed maturities with fair values of $168 million were transferred out of Level 3 and into Level 2 principally due to the availability of trading activity and/or market observable inputs to measure and validate their fair values. In addition, fixed maturities with fair value of $128 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 5.9% of total equity as of September 30, 2024. During the nine months ended September 30, 2023, fixed maturities with fair values of $489 million were transferred out of Level 3 and into Level 2 principally due to the availability of trading activity and/or market observable inputs to measure and validate their fair values. In addition, fixed maturities with fair value of $29 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 15.8% of total equity as of September 30, 2023. The tables below present reconciliations for all Level 3 assets and liabilities and changes in unrealized gains (losses). Not included below are the changes in balances related to MRBs and purchased MRBs level 3 assets and liabilities, which are included in Note 9 of the Notes to these Consolidated Financial Statements. Three Months Ended September 30, 2024 Corporate State and Political Subdivisions Asset-backed CMBS (in millions) Balance, beginning of period $ 2,518 $ — $ 57 $ 7 Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 2 — — — Investment gains (losses), net (1) — — — Subtotal 1 — — — Other comprehensive income (loss) 37 — — 1 Purchases 318 — 14 — Sales (366) — (8) — Settlements — — — — Other — — — — Activity related to consolidated VIEs/VOEs — — — — Transfers into Level 3 (1) (30) — — — Transfers out of Level 3 (1) (29) — — — Balance, end of period $ 2,449 $ — $ 63 $ 8 Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 36 $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2024, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. Three Months Ended September 30, 2024 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Balance, beginning of period $ 224 $ 59 $ 57 $ — $ (255) Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 2 1 — — — Investment gains (losses), net 1 — 1 — — Subtotal 3 1 1 — — Other comprehensive income (loss) — — — — — Purchases 114 (4) — — — Sales (53) 1 — — — Settlements — — — — — Other (4) — — — — 126 Activity related to consolidated VIEs/VOEs — (1) — — — Transfers into Level 3 (1) 22 — — — — Transfers out of Level 3 (1) 2 — — — — Balance, end of period $ 312 $ 56 $ 58 $ — $ (129) Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ 20 $ 1 $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ (31) $ — $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2024, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. (3) Other Equity Investments include other invested assets. (4) As of September 30, 2024, the contingent liability related to the CarVal acquisition in 2022 by AB was remeasured and a gain was recorded within contingent payment arrangements in the consolidated statements of income (loss). Three Months Ended September 30, 2023 Corporate State and Political Subdivisions Asset-backed RMBS CMBS (in millions) Balance, beginning of period $ 2,037 $ 27 $ — $ — $ 34 Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 1 — — — — Investment gains (losses), net (5) — — — — Subtotal (4) — — — — Other comprehensive income (loss) 5 — — (1) — Purchases 163 — 10 40 (1) Sales (53) (1) — — 17 Settlements — — — — — Other — — — — — Activity related to consolidated VIEs/VOEs — — — — — Transfers into Level 3 (1) (11) — — — — Transfers out of Level 3 (1) (34) — — — — Balance, end of period $ 2,103 $ 26 $ 10 $ 39 $ 50 Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 5 $ — $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2023, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. Three Months Ended September 30, 2023 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Balance, beginning of period $ 217 $ 105 $ 56 $ 1 $ (250) Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 7 — — — — Investment gains (losses), net 1 — — — — Subtotal 8 — — — — Other comprehensive income (loss) — — — — — Purchases 1 — 14 — — Sales (8) — — — — Settlements — — — — — Other — — — — (2) Activity related to consolidated VIEs/VOEs — 1 — — — Transfers into Level 3 (1) (78) — — — — Transfers out of Level 3 (1) 40 — — — — Balance, end of period $ 180 $ 106 $ 70 $ 1 $ (252) Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ 7 $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ — $ — $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2023, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. (3) Other Equity Investments include other invested assets. Nine Months Ended September 30, 2024 Corporate State and Political Subdivisions Asset-backed CMBS (in millions) Balance, beginning of period $ 2,158 $ 27 $ 47 $ 7 Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 6 — — — Investment gains (losses), net (3) — — — Subtotal 3 — — — Other comprehensive income (loss) 48 — — 1 Purchases 1,075 — 60 — Sales (787) — (30) — Settlements — — — — Other — — — — Activity related to consolidated VIEs/VOEs — — — — Transfers into Level 3 (1) 27 — — — Transfers out of Level 3 (1) (75) (27) (14) — Balance, end of period $ 2,449 $ — $ 63 $ 8 Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 47 $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2024, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. Nine Months Ended September 30, 2024 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Balance, beginning of period $ 181 $ 57 $ 61 $ — $ (253) Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 6 2 — — — Investment gains (losses), net 1 — (3) — — Subtotal 7 2 (3) — — Other comprehensive income (loss) — — — — — Purchases 161 — — — — Sales (86) (2) — — — Settlements — — — — 3 Other (4) — — — — 121 Activity related to consolidated VIEs/VOEs — (1) — — — Transfers into Level 3 (1) 101 — — — — Transfers out of Level 3 (1) (52) — — — — Balance, end of period $ 312 $ 56 $ 58 $ — $ (129) Nine Months Ended September 30, 2024 Fixed matu

LIABILITIES FOR FUTURE POLICYHO

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS	9 Months Ended
LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS	Sep. 30, 2024
Insurance [Abstract]
LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS	DAC AND OTHER DEFERRED ASSETS/LIABILITIES The following table presents a reconciliation of DAC to the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Protection Solutions Term $ 320 $ 337 Universal Life 171 174 Variable Universal Life 1,055 987 Indexed Universal Life 187 188 Individual Retirement GMxB Core 1,594 1,602 EQUI-VEST Individual 155 155 Investment Edge 211 172 SCS 1,840 1,571 Legacy Segment GMxB Legacy 527 555 Group Retirement EQUI-VEST Group 758 742 Momentum 84 82 Corporate and Other 109 116 Other 20 24 Total $ 7,031 $ 6,705 Annually, or as circumstances warrant, we review the associated decrements assumptions (i.e., mortality and lapse) based on our multi-year average of companies experience with actuarial judgements to reflect other observable industry trends. In addition to DAC, the unearned revenue liability and sales inducement asset (“SIA”) use similar techniques and quarterly update processes for balance amortization. Changes in the DAC asset were as follows: Nine Months Ended September 30, 2024 Protection Solutions Individual Retirement Legacy Group Retirement Corporate and Other Total Term UL VUL IUL GMxB Core EI IE SCS GMxB Legacy EG Momentum CB (1) (in millions) Balance, beginning of period $ 337 $ 174 $ 987 $ 188 $ 1,602 $ 155 $ 172 $ 1,571 $ 555 $ 742 $ 82 $ 116 $ 6,681 Capitalization 10 6 114 8 104 9 51 473 19 49 8 — 851 Amortization (2) (27) (9) (46) (9) (112) (9) (12) (204) (47) (33) (6) (7) (521) Balance, end of period $ 320 $ 171 $ 1,055 $ 187 $ 1,594 $ 155 $ 211 $ 1,840 $ 527 $ 758 $ 84 $ 109 $ 7,011 ______________ (1) “CB” defined as Closed Block. (2) DAC amortization of $4 million related to Other not reflected in table above. Nine Months Ended September 30, 2023 Protection Solutions Individual Retirement Legacy Group Retirement Corporate and Other Total Term UL VUL IUL GMxB Core EI IE SCS GMxB Legacy EG Momentum CB (in millions) Balance, beginning of period $ 362 $ 179 $ 889 $ 185 $ 1,625 $ 156 $ 148 $ 1,279 $ 593 $ 710 $ 89 $ 127 $ 6,342 Capitalization 11 5 109 10 87 8 30 364 19 51 7 — 701 Amortization (1) (29) (9) (42) (8) (107) (9) (11) (154) (48) (31) (13) (8) (469) Balance, end of period $ 344 $ 175 $ 956 $ 187 $ 1,605 $ 155 $ 167 $ 1,489 $ 564 $ 730 $ 83 $ 119 $ 6,574 ______________ (1) DAC amortization of $3 million related to Other not reflected in table above. Changes in the Individual Retirement sales inducement assets were as follows: Nine Months Ended September 30, 2024 2023 GMxB Core GMxB Legacy GMxB Core GMxB Legacy (in millions) Balance, beginning of period $ 127 $ 179 $ 137 $ 200 Capitalization 2 — 2 — Amortization (9) (15) (9) (16) Balance, end of period $ 120 $ 164 $ 130 $ 184 Changes in the Protection Solutions unearned revenue liability were as follows: Nine Months Ended September 30, 2024 2023 UL VUL IUL UL VUL IUL (in millions) Balance, beginning of period $ 107 $ 754 $ 210 $ 95 $ 684 $ 157 Capitalization 12 99 42 14 86 49 Amortization (6) (36) (11) (5) (34) (8) Balance, end of period $ 113 $ 817 $ 241 $ 104 $ 736 $ 198 The following table reconciles the net liability for future policy benefits and liability of death benefits to the liability for future policy benefits in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Reconciliation Term $ 1,367 $ 1,348 Payout 5,103 4,464 Group Pension - Benefit Reserve & DPL 487 490 Health 1,448 1,505 UL 1,256 1,193 Subtotal 9,661 9,000 Whole Life Closed Block and Open Block products 5,259 5,444 Other (1) 932 970 Future policyholder benefits total 15,852 15,414 Other policyholder funds and dividends payable 2,084 1,949 Total $ 17,936 $ 17,363 _____________ (1) Primarily consists of future policy benefits related to Protective Life and Annuity, Assumed Life and Disability, Group Life Run off, Variable Interest Sensitive Life rider and EB. The following table summarizes balances and changes in the liability for future policy benefits for nonparticipating traditional and limited pay contracts: Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Protection Solutions Individual Retirement Corporate & Other Protection Solutions Individual Retirement Corporate & Other Term Payout Group Pension Health Term Payout Group Pension Health (in millions) Present Value of Expected Net Premiums Balance, beginning of period $ 2,133 $ — $ — $ (21) $ 2,100 $ — $ — $ (5) Beginning balance at original discount rate 2,058 — — (22) 2,078 — — (5) Effect of changes in cash flow assumptions 21 — — (3) 32 — — (8) Effect of actual variances from expected experience (79) — — (5) (14) — — (6) Adjusted beginning of period balance 2,000 — — (30) 2,096 — — (19) Issuances 40 — — — 49 — — — Interest accrual 73 — — (1) 75 — — (1) Net premiums collected (139) — — 3 (147) — — 2 Ending Balance at original discount rate 1,974 — — (28) 2,073 — — (18) Effect of changes in discount rate assumptions 79 — — 1 (82) — — 1 Balance, end of period $ 2,053 $ — $ — $ (27) $ 1,991 $ — $ — $ (17) Present Value of Expected Future Policy Benefits Balance, beginning of period $ 3,480 $ 4,464 $ 490 $ 1,484 $ 3,465 $ 3,517 $ 523 $ 1,553 Beginning balance of original discount rate 3,330 4,680 536 1,672 3,391 3,869 583 1,795 Effect of changes in cash flow assumptions 39 — — — 40 — — (12) Effect of actual variances from expected experience (101) (1) 2 (12) (16) 1 — (5) Adjusted beginning of period balance 3,268 4,679 538 1,660 3,415 3,870 583 1,778 Issuances 43 765 21 — 53 771 — — Interest accrual 123 131 14 41 126 94 15 43 Benefits payments (182) (342) (47) (122) (254) (268) (50) (111) Ending Balance at original discount rate 3,252 5,233 526 1,579 3,340 4,467 548 1,710 Effect of changes in discount rate assumptions 167 (130) (39) (158) (84) (486) (73) (290) Balance, end of period $ 3,419 $ 5,103 $ 487 $ 1,421 $ 3,256 $ 3,981 $ 475 $ 1,420 Impact of flooring LFPB at zero 1 — — — 1 — — — Net liability for future policy benefits $ 1,367 5,103 487 1,448 1,266 3,981 475 1,437 Less: Reinsurance recoverable 3 (1,299) — (1,136) 25 (777) — (1,145) Net liability for future policy benefits, after reinsurance recoverable $ 1,370 $ 3,804 $ 487 $ 312 $ 1,291 $ 3,204 $ 475 $ 292 Weighted-average duration of liability for future policyholder benefits (years) 6.8 7.8 7.0 8.5 7.1 8.1 7.1 8.7 The following table provides the amount of undiscounted and discounted expected gross premiums and expected future benefits and expenses related to nonparticipating traditional and limited payment contracts: September 30, 2024 December 31, 2023 (in millions) Term Expected future benefit payments and expenses (undiscounted) $ 5,691 $ 5,878 Expected future gross premiums (undiscounted) 6,679 6,979 Expected future benefit payments and expenses (discounted; AOCI basis) 3,420 3,480 Expected future gross premiums (discounted; AOCI basis) 3,747 3,879 Payout Expected future benefit payments and expenses (undiscounted) 7,464 6,630 Expected future gross premiums (undiscounted) — — Expected future benefit payments and expenses (discounted; AOCI basis) 4,995 4,350 Expected future gross premiums (discounted; AOCI basis) — — Group Pension Expected future benefit payments and expenses (undiscounted) 627 668 Expected future gross premiums (undiscounted) — — Expected future benefit payments and expenses (discounted; AOCI basis) 470 471 Expected future gross premiums (discounted; AOCI basis) — — Health Expected future benefit payments and expenses (undiscounted) 2,177 2,318 Expected future gross premiums (undiscounted) 75 85 Expected future benefit payments and expenses (discounted; AOCI basis) 1,405 1,468 Expected future gross premiums (discounted; AOCI basis) $ 60 $ 68 The table below summarizes the revenue and interest related to nonparticipating traditional and limited payment contracts: Nine Months Ended September 30, 2024 2023 2024 2023 Gross Premium Interest Accretion (in millions) Revenue and Interest Accretion Term $ 254 $ 206 $ 50 $ 50 Payout 201 135 153 103 Group Pension — — 13 15 Health 9 6 41 44 Total $ 464 $ 347 $ 257 $ 212 The following table provides the weighted average interest rates for the liability for future policy benefits: September 30, 2024 December 31, 2023 Weighted Average Interest Rate Term Interest accretion rate 5.6 % 5.6 % Current discount rate 4.6 % 4.8 % Payout Interest accretion rate 4.4 % 4.2 % Current discount rate 4.7 % 4.9 % Group Pension Interest accretion rate 3.3 % 3.3 % Current discount rate 4.6 % 4.8 % Health Interest accretion rate 3.4 % 3.4 % Current discount rate 4.8 % 4.9 % The following table provides the balance, changes in and the weighted average durations of the additional insurance liabilities: Nine Months Ended September 30, 2024 2023 Protection Solutions UL (Dollars in millions) Balance, beginning of period $ 1,193 $ 1,109 Beginning balance before AOCI adjustments 1,230 1,135 Effect of changes in interest rate & cash flow assumptions and model changes 17 (12) Effect of actual variances from expected experience (2) 14 Adjusted beginning of period balance 1,245 1,137 Interest accrual 41 38 Net assessments collected 53 50 Benefit payments (44) (39) Ending balance before shadow reserve adjustments 1,295 1,186 Effect of reserve adjustment recorded in AOCI (39) (55) Balance, end of period $ 1,256 $ 1,131 Net liability for additional liability $ 1,256 $ 1,131 Less: Reinsurance recoverable — — Net liability for additional liability, after reinsurance recoverable $ 1,256 $ 1,131 Weighted-average duration of additional liability - death benefit (years) 19.7 19.2 The following tables provide the revenue, interest and weighted average interest rates, related to the additional insurance liabilities: Nine Months Ended September 30, 2024 2023 2024 2023 Assessments Interest Accretion (in millions) Revenue and Interest Accretion UL $ 499 $ 487 $ 41 $ 38 Total $ 499 $ 487 $ 41 $ 38 Nine Months Ended September 30, 2024 2023 Weighted Average Interest Rate UL 4.5 % 4.5 % Interest accretion rate 4.5 % 4.5 % The discount rate used for additional insurance liabilities reserve is based on the crediting rate at issue.

MARKET RISK BENEFITS

MARKET RISK BENEFITS	9 Months Ended
MARKET RISK BENEFITS	Sep. 30, 2024
Market Risk Benefit [Abstract]
MARKET RISK BENEFITS	MARKET RISK BENEFITS The following table presents the balances and changes to the balances for MRBs for the GMxB benefits on deferred variable annuities: Three Months Ended September 30, 2024 2023 Individual Retirement Legacy Individual Retirement Legacy GMxB Core GMxB Legacy Purchased MRB Net Legacy GMxB Core GMxB Legacy Purchased MRB Net Legacy (in millions) Balance, beginning of period $ 404 $ 11,418 $ (7,989) $ 3,429 $ 131 $ 12,720 $ (9,923) $ 2,797 Balance BOP before changes in the instrument specific credit risk 119 10,898 (7,970) 2,928 351 14,142 (9,827) 4,315 Model changes and effect of changes in cash flow assumptions 88 (70) (25) (95) 20 (11) (33) (44) Actual market movement effect (195) (596) 302 (294) 202 718 (300) 418 Interest accrual 13 141 (105) 36 22 213 (150) 63 Attributed fees accrued (1) 99 201 (63) 138 100 212 (66) 146 Benefit payments (10) (301) 174 (127) (11) (322) 190 (132) Actual policyholder behavior different from expected behavior 10 (8) (2) (10) 7 (13) (2) (15) Changes in future economic assumptions 164 1,098 (771) 327 (411) (2,609) 1,511 (1,098) Issuances — — — — — — — — Balance EOP before changes in the instrument-specific credit risk 288 11,363 (8,460) 2,903 280 12,330 (8,677) 3,653 Changes in the instrument-specific credit risk (2) 279 541 (28) 513 38 (349) (61) (410) Balance, end of period $ 567 $ 11,904 $ (8,488) $ 3,416 $ 318 $ 11,981 $ (8,738) $ 3,243 Weighted-average age of policyholders (years) 65.1 73.5 73.0 N/A 64.2 72.9 72.5 N/A Net amount at risk $ 2,606 $ 18,977 $ 10,159 N/A $ 3,598 $ 23,123 $ 12,188 N/A ______________ (1) Attributed fees accrued represents the portion of the fees needed to fund future GMxB claims. (2) Changes are recorded in OCI except for reinsurer credit which is reflected in the consolidated income statement. Nine Months Ended September 30, 2024 2023 Individual Retirement Legacy Individual Retirement Legacy GMxB Core GMxB Legacy Purchased MRB (3) Net Legacy GMxB Core GMxB Legacy Purchased MRB (3) Net Legacy (in millions) Balance, beginning of period $ 590 $ 13,418 $ (9,420) $ 3,998 $ 530 $ 14,699 $ (10,415) $ 4,284 Balance BOP before changes in the instrument specific credit risk 322 13,028 (9,387) 3,641 529 15,314 (10,358) 4,956 Model changes and effect of changes in cash flow assumptions (4) 86 (78) 125 47 20 (11) (33) (44) Actual market movement effect (359) (1,339) 700 (639) (128) (662) 402 (260) Interest accrual 44 455 (328) 127 60 604 (437) 167 Attributed fees accrued (1) 305 599 (199) 400 306 630 (207) 423 Benefit payments (31) (933) 505 (428) (35) (1,008) 560 (448) Actual policyholder behavior different from expected behavior 24 (31) (3) (34) 19 1 (28) (27) Changes in future economic assumptions (101) (338) 127 (211) (488) (2,538) 1,424 (1,114) Issuances (2) — — — (3) — — — Balance EOP before changes in the instrument-specific credit risk 288 11,363 (8,460) 2,903 280 12,330 (8,677) 3,653 Changes in the instrument-specific credit risk (2) 279 541 (28) 513 38 (349) (61) (410) Balance, end of period $ 567 $ 11,904 $ (8,488) $ 3,416 $ 318 $ 11,981 $ (8,738) $ 3,243 Weighted-average age of policyholders (years) 65.1 73.5 73.0 N/A 64.2 72.9 72.5 N/A Net amount at risk $ 2,606 $ 18,977 $ 10,159 N/A $ 3,598 $ 23,123 $ 12,188 N/A _____________ (1) Attributed fees accrued represents the portion of the fees needed to fund future GMxB claims. (2) Changes are recorded in OCI except for reinsurer credit which is reflected in the consolidated income statement. (3) Purchased MRB is the impact of non-affiliated reinsurance. (4) Includes the impact primarily of a non-affiliated recapture of reinsurance completed in the first quarter of 2024. The following table reconciles MRBs by the amounts in an asset position and amounts in a liability position to the MRB amounts in the consolidated balance sheets: September 30, 2024 December 31, 2023 Direct Asset Direct Liability Net Direct MRB Purchased MRB Total Direct Asset Direct Liability Net Direct MRB Purchased MRB Total (in millions) Individual Retirement GMxB Core $ (476) $ 1,043 $ 567 $ — $ 567 $ (418) $ 1,008 $ 590 $ — $ 590 Legacy Segment GMxB Legacy (170) 12,074 11,904 (8,488) 3,416 (102) 13,520 13,418 (9,420) 3,998 Other (1) (94) 80 (14) (4) (18) (71) 84 13 (7) 6 Total $ (740) $ 13,197 $ 12,457 $ (8,492) $ 3,965 $ (591) $ 14,612 $ 14,021 $ (9,427) $ 4,594 ______________ (1) Other primarily includes SCS.

POLICYHOLDER ACCOUNT BALANCES

POLICYHOLDER ACCOUNT BALANCES	9 Months Ended
POLICYHOLDER ACCOUNT BALANCES	Sep. 30, 2024
Policyholder Account Balance [Abstract]
POLICYHOLDER ACCOUNT BALANCES	POLICYHOLDER ACCOUNT BALANCES The following table reconciles the policyholders account balances to the policyholders’ account balance liability in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Policyholders’ account balance reconciliation Protection Solutions Universal Life $ 5,095 $ 5,202 Variable Universal Life 4,967 4,862 Legacy Segment GMxB Legacy 239 293 Individual Retirement GMxB Core 12 36 SCS 61,743 49,002 EQUI-VEST Individual 2,117 2,322 Group Retirement EQUI-VEST Group 11,266 11,563 Momentum 553 608 Other (1) (2) 8,377 6,895 Balance (exclusive of Funding Agreements) 94,369 80,783 Funding Agreements (2) 13,064 14,890 Balance, end of period $ 107,433 $ 95,673 _____________ (1) Primarily reflects products IR Payout, IR Other, Indexed Universal Life, Investment Edge, Group Pension, Closed Block and Corporate and Other. (2) Balances as of December 31, 2023 were revised from previously filed financial statements. The following table summarizes the balances and changes in policyholder’s account balances: Nine Months Ended September 30, 2024 Protection Solutions Legacy Individual Retirement Group Retirement Universal Life Variable Universal Life GMxB Legacy GMxB Core SCS (1) EQUI-VEST Individual EQUI-VEST Group Momentum (Dollars in millions) Balance, beginning of period $ 5,202 $ 4,862 $ 293 $ 36 $ 49,002 $ 2,322 $ 11,563 $ 608 Premiums received 490 91 3 177 12 26 452 50 Policy charges (537) (196) 9 — (17) — (4) — Surrenders and withdrawals (62) (30) (67) (27) (2,988) (251) (1,203) (104) Benefit payments (163) (58) (14) (2) (222) (40) (55) (1) Net transfers from (to) separate account — 139 4 (178) 9,512 11 253 (10) Interest credited (2) 165 159 11 6 6,444 49 260 10 Other — — — — — — — — Balance, end of period $ 5,095 $ 4,967 $ 239 $ 12 $ 61,743 $ 2,117 $ 11,266 $ 553 Weighted-average crediting rate 3.81% 3.70% 2.74% 1.68% N/A 2.96% 2.69% 2.32% Net amount at risk (3) $ 33,800 $ 116,107 $ 18,977 $ 2,606 $ — $ 100 $ 8 $ — Cash surrender value $ 3,386 $ 3,194 $ 507 $ 241 $ 58,668 $ 2,110 $ 11,207 $ 554 ______________ (1) SCS sales are recorded as a Separate Account liability until they are swept into the General Account. This sweep is recorded as Net Transfers from (to) separate account. (2) SCS and EQUI-VEST Group includes amounts related to the change in embedded derivative. (3) For life insurance products, the net amount at risk is death benefit less account value for the policyholder. For variable annuity products, the net amount at risk is the maximum GMxB NAR for the policyholder. Nine Months Ended September 30, 2023 Protection Solutions Legacy Individual Retirement Group Retirement Universal Life Variable Universal Life GMxB Legacy GMxB Core SCS (1) EQUI-VEST Individual EQUI-VEST Group Momentum (Dollars in millions) Balance, beginning of period $ 5,340 $ 4,909 $ 382 $ 69 $ 35,702 $ 2,652 $ 12,045 $ 702 Premiums received 528 107 8 163 5 27 460 49 Policy charges (572) (190) 7 2 (6) — (4) — Surrenders and withdrawals (57) (33) (67) (24) (2,046) (256) (1,207) (105) Benefit payments (169) (84) (18) (1) (194) (56) (54) (4) Net transfers from (to) separate account — (53) — (162) 7,366 7 210 (24) Interest credited (2) 166 151 13 4 3,394 56 268 10 Other — — — — — 4 11 — Balance, end of period $ 5,236 $ 4,807 $ 325 $ 51 $ 44,221 $ 2,434 $ 11,729 $ 628 Weighted-average crediting rate 3.75% 3.70% 2.71% 1.57% —% 2.90% 2.56% 2.33% Net amount at risk (3) $ 36,003 $ 115,752 $ 23,123 $ 3,598 $ 31 $ 126 $ 51 $ — Cash surrender value $ 3,450 $ 3,201 $ 607 $ 273 $ 40,156 $ 2,427 $ 11,672 $ 630 ______________ (1) SCS sales are recorded as a Separate Account liability until they are swept into the General Account. This sweep is recorded as Net Transfers from (to) separate account. (2) SCS and EQUI-VEST includes amounts related to the change in embedded derivative. (3) For life insurance products, the net amount at risk is the death benefit less account value for the policyholder. For variable annuity products, the net amount at risk is the maximum GMxB NAR for the policyholder. The following table presents the account values by range of guaranteed minimum crediting rates and the related range of the difference in basis points, between rates being credited policyholders and the respective guaranteed minimums: September 30, 2024 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) Protection Solutions Universal Life 0.00% - 1.50% $ — $ — $ — $ 6 $ 6 1.51% - 2.50% 11 90 321 607 1,029 Greater than 2.50% 3,425 605 — — 4,030 Total $ 3,436 $ 695 $ 321 $ 613 $ 5,065 Variable Universal Life 0.00% - 1.50% $ 11 $ 16 $ 86 $ 33 $ 146 1.51% - 2.50% 36 391 178 — 605 Greater than 2.50% 3,673 — 22 — 3,695 Total $ 3,720 $ 407 $ 286 $ 33 $ 4,446 Legacy Segment September 30, 2024 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) GMxB Legacy 0.00% - 1.50% $ 70 $ 3 $ — $ — $ 73 1.51% - 2.50% 20 — — — 20 Greater than 2.50% 416 — — — 416 Total $ 506 $ 3 $ — $ — $ 509 Individual Retirement GMxB Core 0.00% - 1.50% $ 12 $ 167 $ — $ — $ 179 1.51% - 2.50% 12 — — — 12 Greater than 2.50% 57 — — — 57 Total $ 81 $ 167 $ — $ — $ 248 EQUI-VEST Individual 0.00% - 1.50% $ 44 $ 202 $ — $ — $ 246 1.51% - 2.50% 39 — — — 39 Greater than 2.50% 1,831 — — — 1,831 Total $ 1,914 $ 202 $ — $ — $ 2,116 Group Retirement EQUI-VEST 0.00% - 1.50% $ 734 $ 2,379 $ 32 $ 265 $ 3,410 1.51% - 2.50% 350 — — — 350 Greater than 2.50% 6,231 — 1 — 6,232 Total $ 7,315 $ 2,379 $ 33 $ 265 $ 9,992 Momentum 0.00% - 1.50% $ — $ 13 $ 305 $ 51 $ 369 1.51% - 2.50% 117 1 — — 118 Greater than 2.50% 61 — 5 — 66 Total $ 178 $ 14 $ 310 $ 51 $ 553 December 31, 2023 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) Protection Solutions Universal Life 0.00% - 1.50% $ — $ — $ — $ 6 $ 6 1.51% - 2.50% 61 69 462 430 1,022 Greater than 2.50% 3,515 627 — — 4,142 Total $ 3,576 $ 696 $ 462 $ 436 $ 5,170 Variable Universal Life 0.00% - 1.50% $ 16 $ 33 $ 53 $ 9 $ 111 1.51% - 2.50% 35 495 28 — 558 Greater than 2.50% 3,712 — 13 5 3,730 Total $ 3,763 $ 528 $ 94 $ 14 $ 4,399 Legacy Segment December 31, 2023 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) GMxB Legacy 0.00% - 1.50% $ 75 $ 16 $ — $ — $ 91 1.51% - 2.50% 21 — — — 21 Greater than 2.50% 461 — — — 461 Total $ 557 $ 16 $ — $ — $ 573 Individual Retirement GMxB Core 0.00% - 1.50% $ 13 $ 192 $ — $ — $ 205 1.51% - 2.50% 13 — — — 13 Greater than 2.50% 55 — — — 55 Total $ 81 $ 192 $ — $ — $ 273 EQUI-VEST Individual 0.00% - 1.50% $ 49 $ 218 $ — $ — $ 267 1.51% - 2.50% 43 — — — 43 Greater than 2.50% 2,011 — — — 2,011 Total $ 2,103 $ 218 $ — $ — $ 2,321 SCS Products with either a fixed rate or no guaranteed minimum N/A N/A N/A N/A N/A Group Retirement EQUI-VEST Group 0.00% - 1.50% $ 772 $ 2,338 $ 36 $ 315 $ 3,461 1.51% - 2.50% 345 — — — 345 Greater than 2.50% 6,610 — — — 6,610 Total $ 7,727 $ 2,338 $ 36 $ 315 $ 10,416 Momentum 0.00% - 1.50% $ — $ 12 $ 330 $ 53 $ 395 1.51% - 2.50% 138 1 — — 139 Greater than 2.50% 68 — 5 — 73 Total $ 206 $ 13 $ 335 $ 53 $ 607 Separate Account - Summary The following table reconciles the Separate Account liabilities to the Separate Account liability balance in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Separate Account Reconciliation Protection Solutions Variable Universal Life $ 18,110 $ 15,821 Legacy Segment GMxB Legacy 34,607 33,794 Individual Retirement GMxB Core 31,414 29,829 EQUI-VEST Individual 4,920 4,582 Investment Edge 4,892 4,275 Group Retirement EQUI-VEST Group 30,686 26,959 Momentum 4,932 4,421 Other (1) 7,846 7,570 Total $ 137,407 $ 127,251 ______________ (1) Primarily reflects Corporate and Other products and Group Retirement products including Association and Group Retirement Other. The following table presents the balances of and changes in Separate Account liabilities: Nine Months Ended September 30, 2024 Protection Solutions Legacy Individual Retirement Group Retirement VUL GMxB Legacy GMxB Core EQUI-VEST Individual Investment Edge EQUI-VEST Group Momentum (in millions) Balance, beginning of period $ 15,821 $ 33,794 $ 29,829 $ 4,582 $ 4,275 $ 26,959 $ 4,421 Premiums and deposits 925 165 1,499 69 1,333 1,709 554 Policy charges (432) (477) (374) (1) — (13) (17) Surrenders and withdrawals (474) (2,529) (2,710) (381) (389) (1,778) (686) Benefit payments (68) (568) (203) (40) (22) (47) (8) Investment performance (1) 2,476 4,226 3,195 702 543 4,109 659 Net transfers from (to) General Account (138) (4) 178 (11) (848) (253) 9 Other charges — — — — — — — Balance, end of period $ 18,110 $ 34,607 $ 31,414 $ 4,920 $ 4,892 $ 30,686 $ 4,932 Cash surrender value $ 17,727 $ 34,334 $ 30,579 $ 4,887 $ 4,803 $ 30,378 $ 4,924 _____________ (1) Investment performance is reflected net of M&E fees. Nine Months Ended September 30, 2023 Protection Solutions Legacy Individual Retirement Group Retirement VUL GMxB Legacy GMxB Core EQUI-VEST Individual Investment Edge EQUI-VEST Group Momentum (in millions) Balance, beginning of period $ 13,187 $ 32,616 $ 27,772 $ 4,161 $ 3,798 $ 22,393 $ 3,885 Premiums and deposits 845 166 1,170 70 659 1,574 478 Policy charges (419) (495) (365) (2) — (13) (15) Surrenders and withdrawals (415) (2,001) (1,898) (293) (291) (1,218) (529) Benefit payments (68) (562) (176) (43) (33) (43) (8) Investment performance (1) 1,127 2,045 1,120 360 191 1,790 305 Net transfers from (to) General Account 53 — 161 (7) (363) (210) 24 Other charges (2) — — — 4 — 25 — Balance, end of period $ 14,310 $ 31,769 $ 27,784 $ 4,250 $ 3,961 $ 24,298 $ 4,140 Cash surrender value $ 13,988 $ 31,481 $ 26,939 $ 4,218 $ 3,872 $ 24,031 $ 4,132 ______________ (1) Investment performance is reflected net of M&E fees. (2) EQUI-VEST Individual and EQUI-VEST Group for the six months ending June 30, 2023, amounts reflect a total special payment applied to the accounts of active clients as part of a previously disclosed settlement agreement between Equitable Financial Life Insurance Company and the Securities & Exchange Commission. The following table presents the aggregate fair value of Separate Account assets by major asset category: September 30, 2024 Protection Solutions Individual Retirement Group Retirement Corp & Other Legacy Segment Total (in millions) Asset Type Debt securities $ 56 $ 1 $ — $ 27 $ — $ 84 Common Stock 70 36 483 1,693 — 2,282 Mutual Funds 18,509 42,918 37,101 665 34,633 133,826 Bonds and Notes 116 3 14 1,082 — 1,215 Total $ 18,751 $ 42,958 $ 37,598 $ 3,467 $ 34,633 $ 137,407 December 31, 2023 Protection Solutions Individual Retirement Group Retirement Corp & Other Legacy Segment Total (in millions) Asset Type Debt securities $ 48 $ 1 $ 21 $ 6 $ — $ 76 Common Stock 65 34 447 1,667 — 2,213 Mutual Funds 16,199 40,113 32,780 689 33,802 123,583 Bonds and Notes 91 4 1 1,283 — 1,379 Total $ 16,403 $ 40,152 $ 33,249 $ 3,645 $ 33,802 $ 127,251

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
EMPLOYEE BENEFIT PLANS	Sep. 30, 2024
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Pension Plans Holdings and Equitable Financial Retirement Plans Holdings sponsors the MONY Life Retirement Income Security Plan for Employees and Equitable Financial sponsors the Equitable Retirement Plan (the “Equitable Financial QP”), both of which are frozen qualified defined benefit plans covering eligible employees and financial professionals. These pension plans are non-contributory, and their benefits are generally based on a cash balance formula and/or, for certain participants, years of service and average earnings over a specified period. Holdings and Equitable Financial also sponsor certain nonqualified defined benefit plans, including the Equitable Excess Retirement Plan, that provide retirement benefits in excess of the amount permitted under the tax law for the qualified plans. Holdings has assumed primary liability for both plans. Equitable Financial remains secondarily liable for its obligations under the Equitable Financial QP and would recognize such liability in the event Holdings does not perform. AB Retirement Plans AB maintains a qualified, non-contributory, defined benefit retirement plan covering current and former employees who were employed by AB in the United States prior to October 2, 2000 (the “AB Plan”). Benefits under the AB Plan are based on years of credited service, average final base salary, and primary Social Security benefits. Service and compensation after December 31, 2008 are not taken into account in determining participants’ retirement benefits. Net Periodic Pension Expense Components of net periodic pension expense for the Company’s plans were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Service cost $ 2 $ 2 $ 6 $ 6 Interest cost 30 31 89 93 Expected return on assets (36) (38) (110) (116) Prior period service cost amortization (1) 1 (2) — Actuarial (gain) loss — — — 1 Net amortization 15 11 44 28 Net Periodic Pension Expense $ 10 $ 7 $ 27 $ 12

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense for the three and nine months ended September 30, 2024 and 2023 was computed using an estimated annual effective tax rate (“ETR”), with discrete items recognized in the period in which they occur. The estimated ETR is revised, as necessary, at the end of successive interim reporting periods. During the fourth quarter of 2022, the Company established a valuation allowance against its deferred tax asset related to unrealized capital losses in the available for sale securities portfolio. During the year ended December 31, 2023, management took actions to increase its available liquidity so that the Company has the ability and intent to hold the majority of securities in its available for sale portfolio to recovery. For liquidity and other purposes, the Company maintains a smaller pool of securities that it does not intend to hold to recovery. The Company maintains a valuation allowance against the deferred tax asset on available for sale securities that will not be held to recovery. For the three and nine months ended September 30, 2024, the Company recorded decreases to the valuation allowance of $120 million and $113 million, respectively, due to changes in the value of unrealized losses in the available for sale portfolio that will not be held to recovery. This adjustment was recorded in other comprehensive income. A valuation allowance of $121 million remains against the portion of the deferred tax asset that is still not more-likely-than-not to be realized. The Company uses the aggregate portfolio approach related to the stranded or disproportionate income tax effects in accumulated other comprehensive income related to available for sale securities. Under this approach, the disproportionate tax effect remains intact as long as the investment portfolio remains.

EQUITY

EQUITY	9 Months Ended
EQUITY	Sep. 30, 2024
Equity [Abstract]
EQUITY	EQUITY Preferred Stock Preferred stock authorized, issued and outstanding was as follows: September 30, 2024 December 31, 2023 Series Shares Authorized Shares Shares Outstanding Shares Authorized Shares Shares Outstanding Series A 32,000 32,000 32,000 32,000 32,000 32,000 Series B 20,000 20,000 20,000 20,000 20,000 20,000 Series C 12,000 12,000 12,000 12,000 12,000 12,000 Total 64,000 64,000 64,000 64,000 64,000 64,000 Dividends declared per share were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Series A dividends declared $ 328 $ 328 $ 984 $ 984 Series B dividends declared $ — $ — $ 619 $ 619 Series C dividends declared $ 269 $ 269 $ 806 $ 806 Common Stock Dividends declared per share of common stock were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Dividends declared $ 0.24 $ 0.22 $ 0.70 $ 0.64 Share Repurchase On February 5, 2024, the Company’s Board of Directors authorized a new $1.3 billion share repurchase program. Under this program, the Company may, from time to time purchase shares of its common stock through various means. The Company may choose to suspend or discontinue the repurchase program at any time. The repurchase program does not obligate the Company to purchase any particular number of shares. As of September 30, 2024, Holdings had authorized capacity of approximately $706 million remaining in its share repurchase program. Holdings repurchased a total of 6.2 million and 20.0 million shares of its common stock at an average price of $40.92 and $37.74 through open market repurchases, ASRs and privately negotiated transactions for the three and nine months ended September 30, 2024, respectively and repurchased a total of 8.3 million and 24.5 million shares of its common stock at an average price of $28.69 and $27.70 through open market repurchases, ASRs and privately negotiated transactions for the three and nine months ended September 30, 2023, respectively. During the three and nine months ended September 30, 2024, Holdings repurchased 3.4 million and 9.8 millions shares, respectively, of its common stock through open market repurchases. During the three and nine months ended September 30, 2023, Holdings repurchased 3.4 million and 11.5 million shares, respectively, of its common stock through open market repurchases. In September 2024, Holdings entered into an ASR with a third-party financial institution to repurchase an aggregate of $30 million of Holdings’ common stock. Pursuant to the ASR, Holdings made a pre-payment of $30 million and received initial delivery of 567,644 Holdings’ shares. The ASR terminated in October 2024, at which time an additional 133,927 shares of common stock were received. In June 2024, Holdings established an obligation to enter into an ASR with a third-party financial institution to repurchase an aggregate of $85 million of Holdings’ common stock. Pursuant to the ASR, on July 2, 2024, Holdings made a pre-payment of $85 million and received initial delivery of 1.6 million of Holdings’ shares. The ASR terminated in August 2024, at which time an additional 366,947 shares of common stock were received. In June 2024, Holdings entered into an ASR with a third-party financial institution to repurchase an aggregate of $35 million of Holdings’ common stock. Pursuant to the ASR, Holdings made a pre-payment of $35 million and received initial delivery of 0.7 million of Holdings’ shares. The ASR terminated in July 2024, at which time an additional 166,723 shares of common stock were received. In March 2024, Holdings established an obligation to enter into an ASR with a third-party financial institution to repurchase an aggregate of $80 million of Holdings’ common stock. Pursuant to the ASR, on April 3, 2024, Holdings made a pre-payment of $80 million and received initial delivery of 1.7 million of Holdings’shares. The ASR terminated in May 2024, at which time an additional 466,923 shares of common stock were received. In March 2024, Holdings entered into an ASR with a third-party financial institution to repurchase an aggregate of $50 million of Holdings’ common stock, Pursuant to the ASR, Holdings made a pre-payment of $50 million and received initial delivery of 1.0 million of Holdings’ shares. The ASR terminated in April 2024, at which time an additional 235,302 shares of common stock were received. In December 2023, Holdings established an obligation to enter into an ASR with a third-party financial institution to repurchase an aggregate of $95 million of Holdings’ common stock. Pursuant to the ASR, on January 4, 2024, Holdings made a pre-payment of $95 million and received initial delivery of 2.3 million of Holdings’ shares. The ASR terminated in January 2024, at which time an additional 625,040 shares of common stock were received. Accumulated Other Comprehensive Income (Loss) AOCI represents cumulative gains (losses) on items that are not reflected in net income (loss). The balances as of September 30, 2024 and December 31, 2023 follow: September 30, 2024 December 31, 2023 (in millions) Unrealized gains (losses) on investments $ (5,253) $ (6,638) Market risk benefits - instrument-specific credit risk component (800) (633) Liability for future policy benefits - current discount rate component 108 182 Defined benefit pension plans (623) (652) Foreign currency translation adjustments (60) (76) Total accumulated other comprehensive income (loss) (6,628) (7,817) Less: Accumulated other comprehensive income (loss) attributable to noncontrolling interest (33) (40) Accumulated other comprehensive income (loss) attributable to Holdings $ (6,595) $ (7,777) The components of OCI, net of taxes for three and nine months ended September 30, 2024 and 2023 are as follow: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Change in net unrealized gains (losses) on investments: Net unrealized gains (losses) arising during the period $ 2,299 $ (2,102) $ 1,314 $ (1,231) (Gains) losses reclassified into net income (loss) during the period (1) 22 274 43 374 Net unrealized gains (losses) on investments 2,321 (1,828) 1,357 (857) Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other (66) 62 (23) 93 Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $448, $(384), $212 and $(375)) 2,255 (1,766) 1,334 (764) Change in LFPB discount rate and MRB credit risk, net of tax Market risk benefits - changes in instrument-specific credit risk (net of deferred income tax expense (benefit) of $(1), $(289), $(35) and $(63)) (5) (1,086) (133) (235) Liability for future policy benefits - changes in current discount rate (net of deferred income tax expense (benefit) of $(60), $52, $(16) and $42 ) (223) 195 (58) 157 Change in defined benefit plans: Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost 11 6 29 35 Change in defined benefit plans (net of deferred income tax expense (benefit) of $(3), $(2), $(8), and $(9)) 11 6 29 35 Foreign currency translation adjustments: Foreign currency translation gains (losses) arising during the period 20 (16) 17 (5) Foreign currency translation adjustment 20 (16) 17 (5) Total other comprehensive income (loss), net of income taxes 2,058 (2,667) 1,189 (812) Less: Other comprehensive income (loss) attributable to noncontrolling interest 8 (7) 7 (2) Other comprehensive income (loss) attributable to Holdings $ 2,050 $ (2,660) $ 1,182 $ (810) ______________ (1) See “Reclassification adjustment” in Note 3 of the Notes to these Consolidated Financial Statements. Reclassification amounts presented net of income tax expense (benefit) of $(6) million and $(11) million for the three and nine months ended September 30, 2024,respectively, and $(73) million , and $(99) million for the three and nine months ended September 30, 2023, respectively. Investment gains and losses reclassified from AOCI to net income (loss) primarily consist of realized gains (losses) on sales and credit losses of AFS securities and are included in total investment gains (losses), net on the consolidated statements of income (loss). Amounts reclassified from AOCI to net income (loss) as related to defined benefit plans primarily consist of amortization of net (gains) losses and net prior service cost (credit) recognized as a component of net periodic cost and reported in compensation and benefits in the consolidated statements of income (loss). Amounts presented in the table above are net of tax.

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	9 Months Ended
SHORT-TERM AND LONG-TERM DEBT	Sep. 30, 2024
Debt Disclosure [Abstract]
SHORT-TERM AND LONG-TERM DEBT	SHORT-TERM AND LONG-TERM DEBT Borrowings Our financial strategy going forward will remain subject to market conditions and other factors. For example, we may from time to time enter into additional bank or other financing arrangements, including public or private debt, structured facilities and contingent capital arrangements, under which we could incur additional indebtedness. The following table sets forth the Company’s total consolidated borrowings. Short-term and long-term debt consists of the following: September 30, December 31, 2024 2023 (in millions) Short-term debt: AB commercial paper $ — $ 254 Total short-term debt — 254 Long-term debt: Senior Debenture, (7.00%, due 2028) 250 349 Senior Note (4.35% due 2028) 1,494 1,493 Senior Note (4.572% due 2029) 301 — Senior Note (5.594% due 2033) 497 497 Senior Note (5.00% due 2048) 1,289 1,481 Total long-term debt 3,831 3,820 Total borrowings $ 3,831 $ 4,074 Pre-Capitalized Trust Securities In June 2024, the Company exercised its issuance right under the 2029 Trust Facility Agreement (as subsequently defined) to issue $600 million principal amount of the Company’s 2029 Notes (as subsequently defined) in exchange for the portfolio of principal and interest strips of U.S. Treasury securities held by the 2029 Trust (as subsequently defined). Following the Company’s exercise of its issuance right under the 2029 Trust Facility Agreement, the Company issued $600 million principal amount of the 2029 Notes to the 2029 Trust (as subsequently defined) on June 6, 2024 in exchange for the 2029 Trust Eligible Assets (as subsequently defined). See note 16 for additional details on the Pre-Capitalized Trust Securities. Holdings Senior Notes and Debentures Repayment In June 2024, Holdings made principal pre-payments of $275 million on the 2029 Notes, $99 million on the 7.0% 2028 Senior Debentures, and $195 million on the 5.0% 2048 Senior Notes, and recorded a loss on extinguishment of $11 million.

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTEREST	9 Months Ended
REDEEMABLE NONCONTROLLING INTEREST	Sep. 30, 2024
Noncontrolling Interest [Abstract]
REDEEMABLE NONCONTROLLING INTEREST	REDEEMABLE NONCONTROLLING INTEREST The changes in the components of redeemable noncontrolling interests were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Balance, beginning of period $ 1,088 $ 531 $ 770 $ 455 Net earnings (loss) attributable to redeemable noncontrolling interests 26 6 60 24 Purchase/change of redeemable noncontrolling interests 109 99 393 157 Balance, end of period $ 1,223 $ 636 $ 1,223 $ 636

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
COMMITMENTS AND CONTINGENT LIABILITIES	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES Litigation and Regulatory Matters Litigation, regulatory and other loss contingencies arise in the ordinary course of the Company’s activities as a diversified financial services firm. The Company is a defendant in a number of litigation matters arising from the conduct of its business. In some of these matters, claimants seek to recover very large or indeterminate amounts, including compensatory, punitive, treble and exemplary damages. Modern pleading practice permits considerable variation in the assertion of monetary damages and other relief. Claimants are not always required to specify the monetary damages they seek, or they may be required only to state an amount sufficient to meet a court’s jurisdictional requirements. Moreover, some jurisdictions allow claimants to allege monetary damages that far exceed any reasonably possible verdict. The variability in pleading requirements and past experience demonstrates that the monetary and other relief that may be requested in a lawsuit or claim often bears little relevance to the merits or potential value of a claim. Litigation against the Company includes a variety of claims including, among other things, insurers’ sales practices, alleged agent misconduct, alleged failure to properly supervise agents, contract administration, product design, features and accompanying disclosure, COI increases, payments of death benefits and the reporting and escheatment of unclaimed property, alleged breach of fiduciary duties, alleged mismanagement of client funds and other matters. The outcome of a litigation or regulatory matter is difficult to predict, and the amount or range of potential losses associated with these or other loss contingencies requires significant management judgment. It is not possible to predict the ultimate outcome or to provide reasonably possible losses or ranges of losses for all pending regulatory matters, litigation and other loss contingencies. While it is possible that an adverse outcome in certain cases could have a material adverse effect upon the Company’s financial position, based on information currently known, management believes that neither the outcome of pending litigation and regulatory matters, nor potential liabilities associated with other loss contingencies, are likely to have such an effect. However, given the large and indeterminate amounts sought in certain litigation and the inherent unpredictability of all such matters, it is possible that an adverse outcome in certain of the Company’s litigation or regulatory matters, or liabilities arising from other loss contingencies, could, from time to time, have a material adverse effect upon the Company’s results of operations or cash flows in a particular quarterly or annual period. For some matters, the Company is able to estimate a range of loss. For such matters in which a loss is probable, an accrual has been made. For matters where the Company believes a loss is reasonably possible, but not probable, no accrual is required. For matters for which an accrual has been made, but there remains a reasonably possible range of loss in excess of the amounts accrued or for matters where no accrual is required, the Company develops an estimate of the unaccrued amounts of the reasonably possible range of losses. As of September 30, 2024, the Company estimates the aggregate range of reasonably possible losses, in excess of any amounts accrued for these matters as of such date, to be up to approximately $100 million. For other matters, the Company is currently not able to estimate the reasonably possible loss or range of loss. The Company is often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the range of possible loss, such as quantification of a damage demand from plaintiffs, discovery from plaintiffs and other parties, investigation of factual allegations, rulings by a court on motions or appeals, analysis by experts and the progress of settlement discussions. On a quarterly and annual basis, the Company reviews relevant information with respect to litigation and regulatory contingencies and updates the Company’s accruals, disclosures and reasonably possible losses or ranges of loss based on such reviews. In February 2016, a lawsuit was filed in the Southern District of New York entitled Brach Family Foundation, Inc. v. AXA Equitable Life Insurance Company. This lawsuit is a putative class action brought on behalf of all owners of UL policies subject to Equitable Financial’s COI rate increase. In early 2016, Equitable Financial raised COI rates for certain UL policies issued between 2004 and 2008, which had both issue ages 70 and above and a current face value amount of $1 million and above. A second putative class action was filed in the District of Arizona in 2017 and consolidated with the Brach matter in federal court in New York. The consolidated amended class action complaint alleged the following claims: breach of contract; misrepresentations in violation of Section 4226 of the New York Insurance Law; violations of New York General Business Law Section 349; and violations of the California Unfair Competition Law, and the California Elder Abuse Statute. Plaintiffs sought: (a) compensatory damages, costs, and, pre- and post-judgment interest; (b) with respect to their claim concerning Section 4226, a penalty in the amount of premiums paid by the plaintiffs and the putative class; and (c) injunctive relief and attorneys’ fees in connection with their statutory claims. In August 2020, the federal district court issued a decision certifying nationwide breach of contract and Section 4226 classes, and a New York State Section 349 class. Owners of a substantial number of policies opted out of the Brach class action. Most have settled pre-litigation, but a minority of opt-out policies are not yet the subject of litigation. Others filed suit previously, including three pending individual federal actions that were coordinated with the Brach action and contained similar allegations. In May 2023, the Brach class action and Equitable Financial informed the federal district court that they had mutually agreed to settle the class action, and in October 2023, the federal district court entered an order of final approval of the settlement agreement. Equitable Financial is fully accrued for the class settlement, which will have no impact on earnings or distributable cash projections. In October 2023, Equitable Financial and the three plaintiffs with individual federal actions coordinated with the Brach action informed the court that they had reached a settlement, and those actions were dismissed. Equitable Financial is likewise fully accrued for those individual settlements, which will have no impact on earnings or distributable cash projections. Equitable Financial has settled other actual and threatened litigations challenging the COI increase by individual policy owners and entities. Finally, one action is also pending against Equitable Financial in New York state court. In July 2022, the trial court in Hobish v. AXA Equitable Life Insurance Company, granted in significant part Equitable Financial’s motion for summary judgment and denied plaintiff’s cross motion. That plaintiff appealed but the appellate court affirmed the trial court’s decision. In March 2024, the intermediate appellate court granted plaintiff’s motion for leave to appeal to the state’s highest appellate court. Equitable Financial is vigorously defending each of these matters. As with other financial services companies, Equitable Financial periodically receives informal and formal requests for information from various state and federal governmental agencies and self-regulatory organizations in connection with inquiries and investigations of the products and practices of the Company or the financial services industry. It is the practice of the Company to cooperate fully in these matters. Obligations under Funding Agreements Pre-Capitalized Trust Securities (“P-Caps”) In April 2019, pursuant to separate Purchase Agreements among Holdings, Credit Suisse Securities (USA) LLC, as representative of the several initial purchasers, and the Trusts (as defined below), Pine Street Trust I, a Delaware statutory trust (the “2029 Trust”), completed the issuance and sale of 600,000 of its Pre-Capitalized Trust Securities redeemable February 15, 2029 (the “2029 P-Caps”) for an aggregate purchase price of $600 million and Pine Street Trust II, a Delaware statutory trust (the “2049 Trust” and, together with the 2029 Trust, the “Trusts”), completed the issuance and sale of 400,000 of its Pre-Capitalized Trust Securities redeemable February 15, 2049 (the “2049 P-Caps” and, together with the 2029 P-Caps, the “P-Caps”) for an aggregate purchase price of $400 million in each case to qualified institutional buyers in reliance on Rule 144A that are also “qualified purchasers” for purposes of Section 3(c)(7) of the Investment Company Act of 1940, as amended. In June 2024, the Company exercised its issuance right under the Facility Agreement, dated April 5, 2019 (the “2029 Trust Facility Agreement”) to issue $600 million principal amount of the Company’s 4.572% Senior Notes due 2029 (the “2029 Notes”) in exchange for the portfolio of principal and interest strips of U.S. Treasury securities held by the 2029 Trust (the “2029 Trust Eligible Assets”). Following the Company’s exercise of its issuance right under the 2029 Trust Facility Agreement, the Company: (i) issued $600 million principal amount of the 2029 Notes to the 2029 Trust on June 6, 2024 in exchange for the 2029 Trust Eligible Assets; (ii) waived its right to repurchase the 2029 Notes; and (iii) directed the trustee of the 2029 Trust to dissolve the 2029 Trust in accordance with its declaration of trust and deliver the 2029 Notes to the beneficial holders of the 2029 P-Caps pro rata in respect of each 2029 P-Cap. The 2029 Trust was dissolved on June 11, 2024 and the beneficial holders of the 2029 P-Caps received the 2029 Notes through the facilities of The Depository Trust Company. See Note 14 for additional details on the 2029 Notes. In addition, in June 2024, pursuant to the Purchase Agreement among Holdings, TD Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representative of the several initial purchasers, and Pine Street Trust III, a Delaware statutory trust ( “2054 Trust”), completed the issuance and sale of 600,000 of its Pre-Capitalized Trust Securities redeemable May 15, 2054 (the “2054 P-Caps”) for an aggregate purchase price of $600 million to qualified institutional buyers in reliance on Rule 144A that are also “qualified purchasers” for purposes of Section 3(c)(7) of the Investment Company Act of 1940, as amended. The P-Caps are an off-balance sheet contingent funding arrangement that, upon Holdings’ election, gives Holdings the right over a thirty-year period to issue senior notes to the 2049 Trust and the 2054 Trusts. The Trust have invested the proceeds from the respective sales of their P-Caps in separate portfolios of principal and/or interest strips of U.S. Treasury securities. In return, Holdings will, in the case of the 2054 Trust, pay, and in the case of the 2049 Trust, continue to pay, a semi-annual facility fee to the 2049 Trust and 2054 Trust calculated at a rate of 2.715% and 1.779% per annum, respectively, which will be applied to the unexercised portion of the contingent funding arrangement and Holdings will reimburse the Trusts for certain expenses. The facility fees are recorded in other operating costs and expenses in the consolidated statements of income (loss). FHLB As a member of the FHLB, Equitable Financial and Equitable America have access to collateralized borrowings. They also may issue funding agreements to the FHLB. Both the collateralized borrowings and funding agreements would require Equitable Financial or Equitable America to pledge qualified mortgage-backed assets and/or government securities as collateral. Equitable Financial issues short-term funding agreements to the FHLB and uses the funds for asset, liability, and cash management purposes. Equitable Financial issues long-term funding agreements to the FHLB and uses the funds for spread lending purposes. Entering into FHLB membership, borrowings and funding agreements requires the ownership of FHLB stock and the pledge of assets as collateral. Equitable Financial has purchased FHLB stock of $336 million and pledged collateral with a carrying value of $11.1 billion as of September 30, 2024. Equitable America has purchased FHLB stock of $4 million as of September 30, 2024. Funding agreements are reported in policyholders’ account balances in the consolidated balance sheets. For other instruments used for asset/liability and cash management purposes, see “Offsetting of Financial Assets and Liabilities and Derivative Instruments” included in Note 4 of the Notes to these Consolidated Financial Statements. The table below summarizes the Company’s activity of funding agreements with the FHLB. Change in FHLB Funding Agreements during the Nine Months Ended September 30, 2024 Outstanding Balance at December 31, 2023 Issued During the Period Repaid During the Period Long-term Agreements Maturing Within One Year Long-term Agreements Maturing Within Five Years Outstanding Balance at September 30, 2024 (in millions) Short-term funding agreements: Due in one year or less $ 6,168 $ 49,084 $ (49,534) $ 125 $ — $ 5,843 Long-term funding agreements: Due in years two through five 799 — — (67) — 732 Due in more than five years 648 — — (58) — 590 Total long-term funding agreements 1,447 — — (125) — 1,322 Total funding agreements (1) $ 7,615 $ 49,084 $ (49,534) $ — $ — $ 7,165 _____________ (1) The $2 million and $3 million difference between the funding agreements carrying value shown in fair value table for September 30, 2024 and December 31, 2023, respectively, reflects the remaining amortization of a hedge implemented and closed, which locked in the funding agreements borrowing rates. FABN Under the FABN program, Equitable Financial may issue funding agreements in U.S. dollar or other foreign currencies to a Delaware special purpose statutory trust (the “Trust”) in exchange for the proceeds from issuances of fixed and floating rate medium-term marketable notes issued by the Trust from time to time (the “Trust Notes”). The funding agreements have matching interest, maturity and currency payment terms to the applicable Trust Notes. The Company hedges the foreign currency exposure of foreign currency denominated funding agreements using cross currency swaps as discussed in Note 4 of the Notes to these Consolidated Financial Statements. As of September 30, 2024, the maximum aggregate principal amount of Trust Notes permitted to be outstanding at any one time is $10.0 billion. Funding agreements issued to the Trust, including any foreign currency transaction adjustments, are reported in policyholders’ account balances in the consolidated balance sheets. Foreign currency transaction adjustments to policyholder’s account balances are recognized in net income (loss) as an adjustment to interest credited to policyholders’ account balances and are offset in interest credited to policyholders’ account balances by a release of AOCI from deferred changes in fair value of designated and qualifying cross currency swap cash flow hedges. The table below summarizes Equitable Financial’s activity of funding agreements under the FABN program. Change in FABN Funding Agreements during the Nine Months Ended September 30, 2024 Outstanding Balance at December 31, 2023 Issued During the Period Repaid During the Period Long-term Agreements Maturing Within One Year Long-term Agreements Maturing Within Five Years Foreign Currency Transaction Adjustment Outstanding Balance at September 30, (in millions) Short-term funding agreements: Due in one year or less $ 1,000 $ — $ (500) $ 650 $ — $ — $ 1,150 Long-term funding agreements: Due in years two through five 4,984 — — (650) — 24 4,358 Due in more than five years 300 — — — — — 300 Total long-term funding agreements 5,284 — — (650) — 24 4,658 Total funding agreements (1) $ 6,284 $ — $ (500) $ — $ — $ 24 $ 5,808 _____________ (1) The $13 million and $17 million difference between the funding agreements notional value shown and carrying value table as of September 30, 2024 and December 31, 2023, respectively, reflects the remaining amortization of the issuance cost of the funding agreements and the foreign currency transaction adjustment. Funding Agreement-Backed Commercial Paper Program (“FABCP”) In May 2023, Equitable Financial and Equitable America established a FABCP program, pursuant to which a SPLLC may issue commercial paper and deposit the proceeds with Equitable Financial or Equitable America pursuant to a funding agreement issued by Equitable Financial or Equitable America to the SPLLC. The current maximum aggregate principal amount permitted to be outstanding at any one time under the FABCP program is $3.0 billion for Equitable Financial and $1.0 billion for Equitable America. As of September 30, 2024, Equitable Financial and Equitable America had $75 million and $0 million outstanding under the program, respectively. Credit Facilities For information regarding activity pertaining to our credit facilities arrangements, see Note 14 of the Notes to these Consolidated Financial Statements. Guarantees and Other Commitments The Company provides certain guarantees or commitments to affiliates and others. As of September 30, 2024, these arrangements include commitments by the Company to provide equity financing of $1.2 billion to certain limited partnerships and real estate joint ventures under certain conditions as well as a guarantee of a subsidiary’s performance under a reinsurance arrangement that will no longer be in effect once certain conditions at the subsidiary are met and notice is provided. Management believes the Company will not incur material losses as a result of these commitments. The Company had $17 million of undrawn letters of credit related to reinsurance as of September 30, 2024. The Company had $448 million of commitments under existing mortgage loan agreements as of September 30, 2024. The Company is the obligor under certain structured settlement agreements it had entered into with unaffiliated insurance companies and beneficiaries. To satisfy its obligations under these agreements, the Company owns single premium annuities issued by previously wholly-owned life insurance subsidiaries. The Company has directed payment under these annuities to be made directly to the beneficiaries under the structured settlement agreements. A contingent liability exists with respect to these agreements should the previously wholly-owned subsidiaries be unable to meet their obligations. Management believes the need for the Company to satisfy those obligations is remote.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
BUSINESS SEGMENT INFORMATION	Sep. 30, 2024
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION We have six reportable segments: Individual Retirement, Group Retirement, Asset Management, Protection Solutions, Wealth Management and Legacy. These segments reflect the manner by which the Company’s chief operating decision maker views and manages the business. A brief description of these segments follows: • The Individual Retirement segment offers a diverse suite of variable annuity products which are primarily sold to affluent and high net worth individuals saving for retirement or seeking retirement income. • The Group Retirement segment offers tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. • The Asset Management segment provides diversified investment management and related solutions globally to a broad range of clients through three main client channels - Institutional, Retail and Private Wealth. • The Protection Solutions segment includes our life insurance and group EB businesses. Our life insurance business offers a variety of VUL, UL and term life products to help affluent and high net worth individuals, as well as small and medium-sized business owners, with their wealth protection, wealth transfer and corporate needs. Our group EB business offers a suite of life, and short- and long-term disability, dental and vision insurance products to small and medium-size businesses across the United States. • The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products through Equitable Advisors. • The Legacy segment primarily consists of the capital intensive fixed-rate GMxB business written in the Individual Retirement market prior to 2011. This business offered GMDB features in isolation or together with GMLB features. This business also historically offered variable annuities with four types of guaranteed living benefit riders: GMIB, GWBL/GMWB, and GMAB. Measurement Operating earnings (loss) is the financial measure which primarily focuses on the Company’s segments’ results of operations as well as the underlying profitability of the Company’s core business. By excluding items that can be distortive and unpredictable such as investment gains (losses) and investment income (loss) from derivative instruments, the Company believes operating earnings (loss) by segment enhances the understanding of the Company’s underlying drivers of profitability and trends in the Company’s segments. Operating earnings is calculated by adjusting each segment’s net income (loss) attributable to Holdings for the following items: • Items related to variable annuity product features, which include: (i) changes in the fair value of MRB and purchased MRB, including the related attributed fees and claims, offset by derivatives and other securities used to hedge the MRB which result in residual net income volatility as the change in fair value of certain securities is reflected in OCI and due to our statutory capital hedge program; and (ii) market adjustments to deposit asset or liability accounts arising from reinsurance agreements which do not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk; • Investment (gains) losses, which includes credit loss impairments of securities/investments, sales or disposals of securities/investments, realized capital gains/losses and valuation allowances; • Net actuarial (gains) losses, which includes actuarial gains and losses as a result of differences between actual and expected experience on pension plan assets or projected benefit obligation during a given period related to pension, other postretirement benefit obligations, and the one-time impact of the settlement of the defined benefit obligation; • Other adjustments, which primarily include restructuring costs related to severance and separation, lease write-offs related to non-recurring restructuring activities, COVID-19 related impacts, net derivative gains (losses) on certain Non-GMxB derivatives, Net investment income from certain items including consolidated VIE investments, seed capital mark-to-market adjustments, unrealized gain/losses and realized capital gains/losses from sales or disposals of select securities, certain legal accruals; a bespoke deal to repurchase UL policies from one entity that had invested in numerous policies purchased in the life settlement market, which disposed of the risk of additional COI litigation by that entity related to those UL policies, impact of the annual actuarial assumption updates attributable to LFPB when the majority of the impact relates to the non-core business; and • Income tax expense (benefit) related to the above items and non-recurring tax items, which includes the effect of uncertain tax positions for a given audit period and changes to the deferred tax valuation allowance. The General Account investment portfolio is used to support the insurance and annuity liabilities of our Individual Retirement, Group Retirement, Protection Solutions and Legacy business segments. In the fourth quarter of 2023, the Company updated its operating earnings measure to exclude the impact of realized amounts related to equity classified instruments. The recognition of the realized capital gains and losses from investments in current Net investment income is generally considered distortive and not reflective of the ongoing core business activities of the segments. The presentation of operating earnings in prior periods was not revised to reflect this modification. The impact to operating earnings was immaterial for the three and nine months ended September 30, 2023. In the first quarter of 2024, the Company began allocating to its business segments collateral expense resulting from a designated rate to be paid on the collateral held back to counterparties. The new segment allocation methodology for collateral expense is based on the income earned on cash equivalents held in the surplus segments and income earned in portfolios backing collateral expenses, such that the collateral expense would be allocated to the segments up to that amount. Any remaining amount is included within Corporate and Other. This expense was previously recorded in Corporate and Other with no allocation to our business segments in prior reporting periods. The presentation of operating earnings in prior periods was not revised to reflect this modification, however, the Company estimated that allocating collateral expense to the segments for the twelve months ended December 31, 2023 and 2022, respectively, would have resulted in a decrease to operating earnings of $4.0 million and $0.8 million for Individual Retirement, $7.7 million and $1.4 million for Group Retirement, $21.9 million and $2.5 million for Protection Solutions, $4.2 million and $1.0 million for Legacy, and an increase of $37.8 million and $5.7 million for Corporate and Other. The impact to operating earnings for each segment during the quarters of 2023 was not material. Total Company operating earnings were not impacted. During the third quarter 2024, the Company moved revenues and expenses related to payout annuitizations from the Legacy segment to the Individual Retirement segment. Now all payout annuities will be reported within the Individual Retirement segment as the block is managed on an aggregate basis. Prior periods have been recast to reflect this change. Revenues derived from any customer did not exceed 10% of revenues for the three and nine months ended September 30, 2024 and 2023. The Company accounts for inter-segment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. The table below presents operating earnings (loss) by segment and Corporate and Other and a reconciliation to net income (loss) attributable to Holdings: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net income (loss) attributable to Holdings $ (134) $ 1,064 $ 408 $ 2,000 Adjustments related to: Variable annuity product (1) 738 (1,380) 1,136 (584) Investment (gains) losses 46 411 101 554 Net actuarial (gains) losses related to pension and other postretirement benefit obligations 13 8 44 26 Other adjustments (2) (3) (4) — 91 59 198 Income tax expense (benefit) related to above adjustments (167) 183 (281) (40) Non-recurring tax items (5) 5 36 18 (936) Non-GAAP Operating Earnings $ 501 $ 413 $ 1,485 $ 1,218 Operating earnings (loss) by segment: Individual Retirement $ 225 $ 220 $ 713 $ 671 Group Retirement $ 141 $ 105 $ 390 $ 301 Asset Management $ 111 $ 99 $ 318 $ 297 Protection Solutions $ 46 $ 34 $ 154 $ 23 Wealth Management $ 50 $ 40 $ 137 $ 114 Legacy $ 27 $ 31 $ 93 $ 119 Corporate and Other (6) $ (99) $ (116) $ (320) $ (307) ______________ (1) Includes the impact of favorable assumption updates of $16 million for the three and nine months ended September 30, 2024, respectively, and $40 million for the three and nine months ended September 30, 2023, respectively. (2) Includes certain gross legal expenses related to the COI litigation of $0 million and $106 million for the three and nine months ended September 30, 2024, respectively, and $0 million and $35 million for the three and nine months ended September 30, 2023, respectively. Includes the impact of unfavorable annual actuarial assumptions updates related to LFPB of $61 million for the three and nine months ended September 30, 2023. (3) For the nine months ended September 30, 2024, includes $82 million of the gain on sale on AB's Bernstein Research Service attributable to Holdings. (4) For the three and nine months ended September 30, 2024, includes $78 million contingent payment gain recognized in connection with the fair value remeasurement of the contingent payment liability associated with AB’s acquisition of CarVal in 2022. (5) For the three and nine months ended September 30, 2024, includes non-recurring tax items reflects the effect of uncertain tax positions for a given audit period and for the three and nine months ended September 30, 2023, non-recurring tax items reflect primarily the effect of uncertain tax positions for a given audit period and an increase of the deferred tax valuation allowance of $20 million and a decrease of $970 million, respectively. (6) Includes interest expense and financing fees of $57 million and $171 million for the three and nine months ended September 30, 2024, respectively, and $54 million and $173 million for the three and nine months ended September 30, 2023, respectively. Segment revenues is a measure of the Company’s revenue by segment as adjusted to exclude certain items. The following table reconciles segment revenues to total revenues by excluding the following items: • Items related to variable annuity product features, which include certain changes in the fair value of the derivatives and other securities we use to hedge these features and changes in the fair value of the embedded derivatives reflected within the net derivative results of variable annuity product features; • Investment (gains) losses, which includes credit loss impairments of securities/investments, sales or disposals of securities/investments, realized capital gains/losses and valuation allowances; • Other adjustments, which primarily includes net derivative gains (losses) on certain Non-GMxB derivatives and Net investment income from certain items including consolidated VIE investments, seed capital mark-to-market adjustments and unrealized gain/losses associated with equity securities. The table below presents revenues by segment and Corporate and Other: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Segment revenues: Individual Retirement (1) $ 944 $ 762 $ 2,678 $ 2,130 Group Retirement (1) 314 267 889 771 Asset Management (2) 1,086 1,034 3,230 3,043 Protection Solutions (1) 839 822 2,498 2,373 Wealth Management (3) 450 390 1,315 1,143 Legacy (1) 117 129 369 405 Corporate and Other (1) (4) 246 257 720 800 Eliminations (220) (199) (663) (597) Adjustments related to: Variable annuity product features (738) 1,380 (1,136) 584 Investment gains (losses), net (46) (411) (101) (554) Other adjustments to segment revenues 84 (807) (983) (1,740) Total revenues $ 3,076 $ 3,624 $ 8,816 $ 8,358 ______________ (1) Includes investment expenses charged by AB of $37 million and $110 million for the three and nine months ended September 30, 2024, respectively, and $35 million and $104 million for the three and nine months ended September 30, 2023, respectively, for services provided to the Company. (2) Inter-segment investment management and other fees of $(41) million and $(125) million for the three and nine months ended September 30, 2024, respectively, and $40 million and $120 million for the three and nine months ended September 30, 2023, respectively, are included in segment revenues of the Asset Management segment. (3) Inter-segment distribution fees of $212 million and $626 million for the three and nine months ended September 30, 2024, respectively, and $185 million and $553 million for the three and nine months ended September 30, 2023, respectively, are included in segment revenues of the Wealth Management segment. (4) Includes interest expense charged to AB of $5 million and $22 million for the three and nine months ended September 30, 2024, respectively, and $10 million and $29 million for the three and nine months ended September 30, 2023, respectively. Total assets by segment were as follows: September 30, 2024 December 31, 2023 (in millions) Total assets by segment: Individual Retirement $ 107,610 $ 93,500 Group Retirement 51,790 47,260 Asset Management 10,405 11,088 Protection Solutions 42,012 38,933 Wealth Management 291 144 Legacy 45,851 46,792 Corporate and Other 41,030 39,097 Total assets $ 298,989 $ 276,814

INSURANCE STATUTORY FINANCIAL I

INSURANCE STATUTORY FINANCIAL INFORMATION	9 Months Ended
INSURANCE STATUTORY FINANCIAL INFORMATION	Sep. 30, 2024
Insurance [Abstract]
INSURANCE STATUTORY FINANCIAL INFORMATION	INSURANCE STATUTORY FINANCIAL INFORMATION Prescribed and Permitted Accounting Practices As of September 30, 2024, the following five prescribed and permitted practices resulted in net income (loss) and capital and surplus that is different from the statutory surplus that would have been reported had NAIC statutory accounting practices been applied. Equitable Financial was granted a permitted practice by the NYDFS to apply SSAP 108, Derivatives Hedging Variable Annuity Guarantees on a retroactive basis from January 1, 2021 through June 30, 2021, after reflecting the impacts of our reinsurance transaction with Venerable. The permitted practice was amended to also permit Equitable Financial to adopt SSAP 108 prospectively as of July 1, 2021 and to consider the impact of both the interest rate derivatives and the General Account assets used to fully hedge the interest rate risk inherent in its variable annuity guarantees when determining the amount of the deferred asset or liability under SSAP 108. Application of the permitted practice partially mitigates the New York Insurance Regulation 213 (“Reg 213”) impact of the Venerable Transaction on Equitable Financial’s statutory capital and surplus and enables Equitable Financial to more effectively neutralize the impact of interest rates on its statutory surplus and to better align with our economic hedging program. The impact of applying this permitted practice relative to SSAP 108 as written was a decrease of approximately $71 million in statutory special surplus funds as of September 30, 2024. The Reinsurance Treaty reduced the amount of interest rate hedging needed at Equitable Financial going forward, affecting future deferrals, but leaves our historical SSAP 108 deferred amounts unchanged. The permitted practice also reset Equitable Financial’s unassigned surplus to zero as of June 30, 2021 to reflect the transformative nature of the Venerable Transaction. The NAIC Accounting Practices and Procedures manual (“NAIC SAP”) has been adopted as a component of prescribed or permitted practices by the State of New York. However, Reg 213 adopted in May of 2019 and as amended in February 2020 and March 2021, differs from the NAIC variable annuity reserve and capital framework. Reg 213 requires Equitable Financial to carry statutory basis reserves for its variable annuity contract obligations equal to the greater of those required under (i) the NAIC standard or (ii) a revised version of the NYDFS requirement in effect prior to the adoption of the first amendment for contracts issued prior to January 1, 2020, and for policies issued after that date a new standard that in current market conditions imposes more conservative reserving requirements for variable annuity contracts than the NAIC standard. The impact of the application of Reg 213 was a decrease of approximately $339 million in statutory surplus as of September 30, 2024 compared to statutory surplus under the NAIC variable annuity framework. Our hedging program is designed to hedge the economics of our insurance liabilities and largely offsets Reg 213 and NAIC framework reserve movements due to interest rates and equities. The NYDFS allows domestic insurance companies a five year phase-in provision for Reg 213 reserves. As of September 30, 2022, Equitable Financial’s Reg 213 reserves were 100% phased-in. As of September 30, 2024, given the prevailing market conditions and business mix, there are $330 million Reg 213 redundant reserves over the US RBC CTE 98 total asset requirement (“TAR”). During the fourth quarter 2020, Equitable Financial received approval from NYDFS for its proposed amended Plan of Operation for Separate Account No. 68 (“SA 68”) for our Structured Capital Strategies product and Separate Account No. 69 (“SA 69”) for our EQUI-VEST product Structured Investment Option, to change the accounting basis of these two non-insulated Separate Accounts from fair value to book value in accordance with Section 1414 of the Insurance Law to align with how we manage and measure our overall General Account asset portfolio. In order to facilitate this change and comply with Section 4240(a)(10), the Company also sought approval to amend the Plans to remove the requirement to comply with Section 4240(a)(5)(iii) and substitute it with a commitment to comply with Section 4240(a)(5)(i). Similarly, the Company updated the reserves section of each Plan to reflect the fact that Regulation 128 would no longer be applicable upon the change in accounting basis. We applied this change effective January 1, 2021. The impact of the application is an increase of approximately $1.8 billion in statutory surplus as of September 30, 2024. During 2022, Equitable America received approval from the Arizona Department of Insurance and Financial Institutions pursuant to A.R.S. 20-515 for Separate Account No. 68A (“SA 68A”) for our Structured Capital Strategies product, Separate Account No. 69A (“SA 69A”) for our EQUI-VEST product Structured Investment Option and Separate Account No. 71A (“SA 71A”) for our Investment Edge Structured Investment Option, to permit us to use book value as the accounting basis of these three non-insulated Separate Accounts instead of fair value in accordance with the NAIC Accounting and Practices and Procedures Manual to align with how we manage and measure our overall General Account asset portfolio. The impact of the application is a decrease of approximately $158 million in statutory surplus as of September 30, 2024. The Arizona Department of Insurance and Financial Institutions granted to Equitable America a permitted practice to deviate from SSAP No. 108 by applying special accounting treatment for specific derivatives hedging variable annuity benefits subject to fluctuations as a result of interest rate sensitivities. The permitted practice expands on SSAP No. 108 hedge accounting to include equity risks for the full scope of Variable Annuity (VA) contracts (i.e., not just the rider guarantees but for the VA total contract). The permitted practice allows Equitable America to adopt SSAP 108 retroactively from October 1, 2023 and applies to both directly held VA hedges as well as VA hedges in the Equitable America funds withheld asset that resulted from the Reinsurance Treaty. In the calculation of the amount of excess VA equity and interest rate derivative hedging gains/losses to defer (including Net investment income on our Equity Total Return Swaps), the permitted practice allows us to compare our total equity and interest derivatives gains and losses to 100% of our target liability change. Any hedge gain or loss deferrals will follow SSAP No. 108 amortization rules (i.e. 10-year straight line).

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
EARNINGS PER COMMON SHARE	Sep. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents a reconciliation of net income (loss) and weighted-average common shares used in calculating basic and diluted earnings per common share: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions, except per share data) Weighted-average common shares outstanding: Weighted-average common shares outstanding — basic 318.2 346.4 324.2 354.4 Effect of dilutive potential common shares: Employee share awards (1) — 1.6 3.5 1.4 Weighted-average common shares outstanding — diluted 318.2 348.0 327.7 355.9 Net income (loss): Net income (loss) $ 26 $ 1,135 $ 808 $ 2,232 Less: Net income (loss) attributable to the noncontrolling interest 160 71 400 232 Net income (loss) attributable to Holdings (134) 1,064 408 2,000 Less: Preferred stock dividends 14 14 54 54 Net income (loss) available to Holdings’ common shareholders $ (148) $ 1,050 $ 354 $ 1,946 Earnings per common share: Basic $ (0.47) $ 3.03 $ 1.09 $ 5.49 Diluted $ (0.47) $ 3.02 $ 1.08 $ 5.47 ______________ (1) Calculated using the treasury stock method. For the three and nine months ended September 30, 2024 and 2023, 6.4 million, 3.0 million, 3.5 million and 2.4 million, respectively, of outstanding stock awards, were not included in the computation of diluted EPS because their effect was anti-dilutive.

HELD-FOR-SALE

HELD-FOR-SALE	9 Months Ended
HELD-FOR-SALE	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
HELD-FOR-SALE	HELD-FOR-SALE Assets and liabilities related to the business classified as HFS are separately reported in the consolidated balance sheets beginning in the period in which the business is classified as HFS. AB Bernstein Research Services On November 22, 2022, AB and Société Générale (“SocGen”), a leading European bank, announced plans to form a joint venture combining their respective cash equities and research businesses (the “Initial Plan”). In the Initial Plan, AB would own a 49% interest in the global joint venture and SocGen would own a 51% interest, with an option to reach 100% ownership after five years. During the fourth quarter of 2023, AB and SocGen negotiated a plan (the “Revised Plan”) to form a global joint venture with two joint venture holding companies, one outside of North America and one within North America (“NA JV”, and together the “JVs”). Effective April 1, 2024, AB and SocGen completed their previously announced transaction in accordance with the Revised Plan. AB owns a 66.7% majority interest in the NA JV while SocGen owns a 51% majority interest in the joint venture outside of North America. While AB currently owns a majority of the NA JV, the structure of the Board of Directors of the NA JV, which includes two independent directors, in addition to four directors from AB and three directors from SocGen, precludes AB’s control of the Board thereby permitting deconsolidation of the Bernstein Research Services (“BRS”) business. Going forward, AB will maintain an equity method investment in each of the JVs and report on the performance of the two JV holding companies on a combined basis. As a result of the greater value of the business AB contributed to the JVs, SocGen paid AB $304 million in cash to equalize the value of the contributions by AB and SocGen to the JVs. The cash payment of $304 million included $103 million of prepaid consideration for an option, exercisable by AB during the next five years, that would result in SocGen having a 51% ownership of the NA JV (the “AB option”) and bringing the transaction ownership terms back in line with the Initial Plan. AB’s option may only be exercised upon receipt of appropriate regulatory approvals. The $304 million cash payment was used to pay down debt under AB’s existing credit facilities. Under the terms of the transaction and assuming AB exercises its option as noted above, SocGen would increase its ownership to a majority interest of the NA JV, without further consideration payable. AB has an additional option to sell its ownership interests in the JVs to SocGen after five years, at the fair market value of AB’s interests in the JVs, subject to regulatory approval. The ultimate objective of SocGen and AB is for SocGen to eventually own 100% of the JVs after five years. AB has deconsolidated the BRS business and retained the Bernstein Private Wealth Management business within its existing U.S. broker dealer, SCB LLC. AB’s Private Wealth Management business continues to operate through SCB LLC and SCB LLC continues to serve as custodian for nearly all Private Wealth assets under management. AB continues to serve as investment adviser to these Private Wealth clients. Further AB entered into certain transition services agreements with the JVs in connection with the divestiture of the BRS business. From April 1, 2024 through September 30, 2024 AB provided services and recognized revenues of $25 million associated with these transition services agreements. For the three months ended September 30, 2024 AB recognized $13 million in revenues associated with these transaction services agreements. The net carrying amount of the BRS business assets and liabilities included in the sale was $312 million. As a result of the sale, AB recognized a pre-tax gain of $135 million during the second quarter of 2024. AB deconsolidated approximately $312 million of net assets and liabilities of the BRS business and contributed those assets and liabilities to the JVs. AB recorded an initial investment in each JV, at fair value, using the equity method of investment totaling $284 million. The fair value of the equity method investments was determined using a dividend discount model whereby a forecast of net banking income attributable to each of the JVs is discounted using an estimated cost of capital to determine the present value of expected future dividends. In addition, AB recorded a liability of approximately $103 million, based on the negotiated terms of the Revised Plan, related to the AB option. Upon receipt of appropriate regulatory approvals, AB intends to exercise the AB option and will recognize a gain or loss at that time, dependent upon the fair market value of the additional equity interest that would result in SocGen having 51% ownership interest in NA JV. As of December 31, 2023 the assets and liabilities of AB’s research services business recorded at fair value, less cost were classified as HFS in our Consolidated Financial Statements. As a result of classifying these assets as HFS, AB recognized a non-cash valuation adjustment of $7 million on the consolidated statement of income, to recognize the net carrying value at lower of cost or fair value, less costs to sell. The following table summarizes the assets and liabilities classified as held-for-sale on the Company’s consolidated balance sheets: December 31, 2023 (1) (in millions) Cash and cash equivalents $ 153 Broker-dealer related receivables 107 Trading securities, at fair value 17 Goodwill and other intangible assets ,net 164 Other assets (2) 124 Total assets held-for-sale $ 565 Broker-dealer related payables $ 39 Customers related payables 17 Other liabilities 97 Total liabilities held-for-sale $ 153 ______________ (1) The assets and liabilities classified as held-for-sale are reported within our Asset Management segment. (2) Other assets includes a valuation adjustment decrease of $7 million as of December 31, 2023.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In September 2024, Holdings established an obligation to enter into an ASR with a third-party financial institution to repurchase an aggregate of $105 million of Holdings’ common stock. Pursuant to the ASR, on October 2nd, 2024, Holdings made a pre-payment of $105 million and received initial delivery of 2 million shares. The ASR will terminate in November 2024, at which time additional shares of common stock will be received.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ (134)	$ 1,064	$ 408	$ 2,000

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2024 shares	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Nick Lane [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		The following table describes contracts, instructions or written plans for the sale or purchase of our securities adopted by our executive officers during the three months ended September 30, 2024, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), referred to as Rule 10b5-1 trading plans. The plan listed below is only executed when the stock price reaches a required minimum. In addition, the executive identified in the table below is required to maintain an ownership of the Company’s common stock with a value equal to at least a multiple of his annual base salary (3 times for Mr. Lane). Name and Title Date of Adoption of Rule 10b5-1 Trading Plan Scheduled Start Date of Rule 10b5-1 Trading Plan Scheduled Expiration Date of Rule 10b5-1 Trading Plan(1) Aggregate Number of Securities to be Purchased or Sold Nick Lane Head of Retirement, Wealth Management and Protection Solutions 9/18/2024 12/18/2024 6/15/2025 Sale of up to 90,000 shares(2) of common stock in several transactions through the scheduled expiration date in 2025. (1) In each case, a Rule 10b5-1 trading plan may also expire on such earlier date as all transactions under the Rule 10b5-1 trading plan are completed. (2) 30,000 of Mr. Lane’s shares consist of stock options and 60,000 of Mr. Lane’s shares consist of common stock already owned.
Name	Nick Lane
Title	Head of Retirement, Wealth Management and Protection Solutions
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	9/18/2024
Expiration Date	6/15/2025
Arrangement Duration	179 days
Aggregate Available	90,000	90,000
Nick Lane Trading Arrangement, Stock Options [Member] \| Nick Lane [Member]
Trading Arrangements, by Individual
Aggregate Available	30,000	30,000
Nick Lane Trading Arrangement, Common Stock [Member] \| Nick Lane [Member]
Trading Arrangements, by Individual
Aggregate Available	60,000	60,000

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The unaudited interim consolidated financial statements (the “consolidated financial statements”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP” or “GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to the Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2023. The accompanying unaudited consolidated financial statements present the consolidated results of operations, financial condition, and cash flows of the Company and its subsidiaries and those investment companies, partnerships and joint ventures in which the Company has control and a majority economic interest as well as those variable interest entities (“VIEs”) that meet the requirements for consolidation. All significant intercompany transactions and balances have been eliminated in consolidation. The terms “third quarter 2024” and “third quarter 2023” refer to the three months ended September 30, 2024 and 2023, respectively. The terms “first nine months of 2024” and “first nine months of 2023” refer to the nine months ended September 30, 2024 and 2023, respectively.
Future Adoption of New Accounting Pronouncements	Future Adoption of New Accounting Pronouncements Description Effective Date and Method of Adoption Effect on the Financial Statement or Other Significant Matters ASU 2023-07: Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU provides improvements to reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple measures of segment profit or loss, provide new segment disclosure requirements for entities with a single reportable segment and contain other disclosure requirements. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024. A calendar year public entity will adopt the ASU for its 2024 Form 10-K. The ASU should be adopted retrospectively to all periods presented in the financial statements unless it is impracticable to do so. The adoption of ASU 2023-07 is not expected to materially impact the Company’s financial position, results of operation, or cash flows. ASU 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures The ASU enhanced existing income tax disclosures primarily related to the rate reconciliation and income taxes paid information. With regard to the improvements to disclosures of rate reconciliation, a public business entity is required on an annual basis to (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. Similarly, a public entity is required to provide the amount of income taxes paid (net of refunds received) disaggregated by (1) federal, state, and foreign taxes and by(2) individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received). The ASU also includes certain other amendments to improve the effectiveness of income tax disclosures, for example, an entity is required to provide (1) pretax income (or loss) from continuing operations disaggregated between domestic and foreign, and (2) income tax expense (or benefit) from continuing operations disaggregated by federal, state, and foreign. The ASU will be effective for annual periods beginning after December 15, 2024. Entities are required to apply the ASU on a prospective basis. The adoption of ASU 2023-09 is not expected to materially impact the Company’s financial position, results of operation, or cash flows. Description Effective Date and Method of Adoption Effect on the Financial Statement or Other Significant Matters SEC Release Nos. 33-11275; 34-99678, The Enhancement and Standardization of Climate-Related Disclosures for Investors The SEC adopted rules requiring registrants to disclose climate-related information in registration statements and annual reports. The new rules include disclosure of material climate-related risks, including descriptions of board oversight and risk management activities. the material impacts of these risks on a registrant’s strategy, business model and outlook and any material climate-related targets or goals. In addition, registrants will need to quantify certain effects of severe weather events and other natural conditions in a note to their audited financial statements. In April 2024, citing litigation challenging the rules that commenced immediately after they were issued, the SEC issued an order staying applicability of the rules while judicial review proceeds. Financial statement and all other disclosures are required at the beginning of the fiscal year 2025 with disclosures about material expenditure and impact required at the beginning of the fiscal year 2026. Disclosures are provided prospectively upon adoption. Scope 1 and Scope 2 greenhouse gas emissions are required in 2026 with limited assurance in 2029 and reasonable assurance in 2033. Disclosures are provided prospectively upon adoption. The Company is currently assessing the additional required disclosures under the SEC Release. Management is evaluating the impact of the adoption of this guidance will have on the Company’s consolidated financial statements.
Accounting and Consolidation of VIEs	Accounting and Consolidation of VIEs For all new investment products and entities developed by the Company, the Company first determines whether the entity is a VIE, which involves determining an entity’s variability and variable interests, identifying the holders of the equity investment at risk and assessing the five characteristics of a VIE. Once an entity is determined to be a VIE, the Company then determines whether it is the primary beneficiary of the VIE based on its beneficial interests. If the Company is deemed to be the primary beneficiary of the VIE, the Company consolidates the entity. Quarterly, management of the Company reviews its investment management agreements and its investments in, and other financial arrangements with, certain entities that hold client AUM to determine the entities the Company is required to consolidate under this guidance. These entities include certain mutual fund products, hedge funds, structured products, group trusts, collective investment trusts, and limited partnerships. The analysis performed to identify variable interests held, determine whether entities are VIEs or VOEs, and evaluate whether the Company has a controlling financial interest in such entities requires the exercise of judgment and is updated on a continuous basis as circumstances change or new entities are developed. The primary beneficiary evaluation generally is performed qualitatively based on all facts and circumstances, including consideration of economic interests in the VIE held directly and indirectly through related parties and entities under common control, as well as quantitatively, as appropriate. Consolidated VIEs Consolidated CLOs 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 as part of its investment management businesses. Additionally, the Company may invest in securities issued by these vehicles which are eliminated in consolidation of the CLOs. As of September 30, 2024 and December 31, 2023, respectively, Equitable Financial holds $112 million and $113 million of equity interests in the CLOs. The Company consolidated the CLOs as of September 30, 2024 and December 31, 2023 as it is the primary beneficiary due to the combination of both its equity interest held by Equitable Financial and the majority ownership of AB, which functions as the CLO’s loan manager. The assets of the CLOs are legally isolated from the Company’s creditors and can only be used to settle obligations of the CLOs. The liabilities of the CLOs are non-recourse to the Company and the Company has no obligation to satisfy the liabilities of the CLOs. As of September 30, 2024, Equitable Financial holds $25 million of equity interests in a SPE established to purchase loans from the market in anticipation of a new CLO transaction. The Company consolidated the SPE as of September 30, 2024 as it is the primary beneficiary due to the combination of both its equity interest held by Equitable Financial and the majority ownership of AB, which functions as the SPE loan manager. Resulting from this consolidation in the Company’s consolidated balance sheets are fixed maturities, at fair value using the fair value option with total assets of $1.7 billion and $1.7 billion notes issued by consolidated VIEs, at fair value using the fair value option with total liabilities of $1.7 billion and $1.6 billion at September 30, 2024 and December 31, 2023, respectively . The unpaid outstanding principal balance of the notes and short-term borrowing is $1.6 billion and $1.6 billion at September 30, 2024 and December 31, 2023. Consolidated Limited Partnerships and LLCs As of September 30, 2024 and December 31, 2023 the Company consolidated limited partnerships and LLCs for which it was identified as the primary beneficiary under the VIE model. Included in other invested assets, mortgage loans on real estate, other equity investments, trading securities, cash and other liabilities in the Company’s consolidated balance sheets at September 30, 2024 and December 31, 2023 are total net assets of $3.3 billion and $1.8 billion, respectively related to these VIEs. Consolidated AB-Sponsored Investment Funds Included in the Company’s consolidated balance sheets as of September 30, 2024 and December 31, 2023 are assets of $221 million and $309 million, liabilities of $4 million and $10 million, and redeemable noncontrolling interests of $121 million and $203 million, respectively, associated with the consolidation of AB-sponsored investment funds under the VIE model. Also included in the Company’s consolidated balance sheets as of September 30, 2024 and December 31, 2023 are assets of $57 million and $121 million, liabilities of $1 million and $3 million, and redeemable noncontrolling interests of $6 million and $7 million, respectively, from consolidation of AB-sponsored investment funds under the VOE model. Non-Consolidated VIEs As of September 30, 2024 and December 31, 2023 respectively, the Company held approximately $3.1 billion and $2.6 billion of investment assets in the form of equity interests issued by non-corporate legal entities determined under the guidance to be VIEs, such as limited partnerships and limited liability companies, including CLOs, hedge funds, private equity funds and real estate-related funds. The Company continues to reflect these equity interests in the consolidated balance sheets as other equity investments and applies the equity method of accounting for these positions. The net assets of these non-consolidated VIEs are approximately $343.0 billion and $268.6 billion as of September 30, 2024 and December 31, 2023 respectively. The Company’s maximum exposure to loss from its direct involvement with these VIEs is the carrying value of its investment of $3.1 billion and $2.6 billion and approximately $1.2 billion and $1.3 billion of unfunded commitments as of September 30, 2024 and December 31, 2023, respectively. The Company has no further economic interest in these VIEs in the form of guarantees, derivatives, credit enhancements or similar instruments and obligations. Non-Consolidated AB-Sponsored Investment Products
Assumption Updates and Model Changes	Assumption Updates and Model Changes The Company conducts its annual review of its assumptions and models during the third quarter of each year. The annual review encompasses assumptions underlying the valuation of MRB, liabilities for future policyholder benefits and additional liability update. However, the Company updates its assumptions as needed in the event it becomes aware of economic conditions or events that could require a change in assumptions that it believes may have a significant impact to the carrying value of product liabilities and assets and consequently materially impact its earnings in the period of the change.
Fair Value Disclosures	U.S. GAAP establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value, and identifies three levels of inputs that may be used to measure fair value: Level 1 Unadjusted quoted prices for identical instruments in active markets. Level 1 fair values generally are supported by market transactions that occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar instruments, quoted prices in markets that are not active, and inputs to model-derived valuations that are directly observable or can be corroborated by observable market data. Level 3 Unobservable inputs supported by little or no market activity and often requiring significant management judgment or estimation, such as an entity’s own assumptions about the cash flows or other significant components of value that market participants would use in pricing the asset or liability. The Company uses unadjusted quoted market prices to measure fair value for those instruments that are actively traded in financial markets. In cases where quoted market prices are not available, fair values are measured using present value or other valuation techniques. The fair value determinations are made at a specific point in time, based on available market information and judgments about the financial instrument, including estimates of the timing and amount of expected future cash flows and the credit standing of counterparties. Such adjustments do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument, nor do they consider the tax impact of the realization of unrealized gains or losses. In many cases, the fair value cannot be substantiated by direct comparison to independent markets, nor can the disclosed value be realized in immediate settlement of the instrument. Management is responsible for the determination of the value of investments carried at fair value and the supporting methodologies and assumptions. Under the terms of various service agreements, the Company often utilizes independent valuation service providers to gather, analyze, and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual securities. These independent valuation service providers typically obtain data about market transactions and other key valuation model inputs from multiple sources and, through the use of widely accepted valuation models, provide a single fair value measurement for individual securities for which a fair value has been requested. As further described below with respect to specific asset classes, these inputs include, but are not limited to, market prices for recent trades and transactions in comparable securities, benchmark yields, interest rate yield curves, credit spreads, quoted prices for similar securities, and other market-observable information, as applicable. Specific attributes of the security being valued are also considered, including its term, interest rate, credit rating, industry sector, and when applicable, collateral quality and other security- or issuer-specific information. When insufficient market observable information is available upon which to measure fair value, the Company either will request brokers knowledgeable about these securities to provide a non-binding quote or will employ internal valuation models. Fair values received from independent valuation service providers and brokers and those internally modeled or otherwise estimated are assessed for reasonableness. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Tables)	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	Future Adoption of New Accounting Pronouncements Description Effective Date and Method of Adoption Effect on the Financial Statement or Other Significant Matters ASU 2023-07: Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU provides improvements to reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple measures of segment profit or loss, provide new segment disclosure requirements for entities with a single reportable segment and contain other disclosure requirements. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024. A calendar year public entity will adopt the ASU for its 2024 Form 10-K. The ASU should be adopted retrospectively to all periods presented in the financial statements unless it is impracticable to do so. The adoption of ASU 2023-07 is not expected to materially impact the Company’s financial position, results of operation, or cash flows. ASU 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures The ASU enhanced existing income tax disclosures primarily related to the rate reconciliation and income taxes paid information. With regard to the improvements to disclosures of rate reconciliation, a public business entity is required on an annual basis to (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. Similarly, a public entity is required to provide the amount of income taxes paid (net of refunds received) disaggregated by (1) federal, state, and foreign taxes and by(2) individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received). The ASU also includes certain other amendments to improve the effectiveness of income tax disclosures, for example, an entity is required to provide (1) pretax income (or loss) from continuing operations disaggregated between domestic and foreign, and (2) income tax expense (or benefit) from continuing operations disaggregated by federal, state, and foreign. The ASU will be effective for annual periods beginning after December 15, 2024. Entities are required to apply the ASU on a prospective basis. The adoption of ASU 2023-09 is not expected to materially impact the Company’s financial position, results of operation, or cash flows. Description Effective Date and Method of Adoption Effect on the Financial Statement or Other Significant Matters SEC Release Nos. 33-11275; 34-99678, The Enhancement and Standardization of Climate-Related Disclosures for Investors The SEC adopted rules requiring registrants to disclose climate-related information in registration statements and annual reports. The new rules include disclosure of material climate-related risks, including descriptions of board oversight and risk management activities. the material impacts of these risks on a registrant’s strategy, business model and outlook and any material climate-related targets or goals. In addition, registrants will need to quantify certain effects of severe weather events and other natural conditions in a note to their audited financial statements. In April 2024, citing litigation challenging the rules that commenced immediately after they were issued, the SEC issued an order staying applicability of the rules while judicial review proceeds. Financial statement and all other disclosures are required at the beginning of the fiscal year 2025 with disclosures about material expenditure and impact required at the beginning of the fiscal year 2026. Disclosures are provided prospectively upon adoption. Scope 1 and Scope 2 greenhouse gas emissions are required in 2026 with limited assurance in 2029 and reasonable assurance in 2033. Disclosures are provided prospectively upon adoption. The Company is currently assessing the additional required disclosures under the SEC Release. Management is evaluating the impact of the adoption of this guidance will have on the Company’s consolidated financial statements.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
INVESTMENTS (Tables)	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-Sale Fixed Maturities by Classification	The following tables provide information relating to the Company’s fixed maturities classified as AFS: AFS Fixed Maturities by Classification Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) September 30, 2024 Fixed Maturities: Corporate (1) $ 53,453 $ 4 $ 705 $ 4,630 $ 49,524 U.S. Treasury, government and agency 5,795 — 3 1,082 4,716 States and political subdivisions 472 — 5 69 408 Foreign governments 703 — 4 100 607 Residential mortgage-backed (2) 3,934 — 51 97 3,888 Asset-backed (3) 13,290 — 142 45 13,387 Commercial mortgage-backed 3,978 — 14 337 3,655 Redeemable preferred stock 56 — 4 — 60 Total at September 30, 2024 $ 81,681 $ 4 $ 928 $ 6,360 $ 76,245 December 31, 2023: Fixed Maturities: Corporate (1) $ 49,786 $ 4 $ 320 $ 5,360 $ 44,742 U.S. Treasury, government and agency 5,735 — 2 1,106 4,631 States and political subdivisions 614 — 9 74 549 Foreign governments 719 — 3 111 611 Residential mortgage-backed (2) 2,470 — 18 133 2,355 Asset-backed (3) 11,058 — 52 109 11,001 Commercial mortgage-backed 3,595 — 2 515 3,082 Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Redeemable preferred stock 56 — 3 — 59 Total at December 31, 2023 $ 74,033 $ 4 $ 409 $ 7,408 $ 67,030 ______________ (1) Corporate fixed maturities include both public and private issues. (2) Includes publicly traded agency pass-through securities and collateralized obligations. (3) Includes credit-tranched securities collateralized by sub-prime mortgages, credit risk transfer securities and other asset types.
Schedule of Contractual Maturities of Available-for-Sale Fixed Maturities	The contractual maturities of AFS fixed maturities as of September 30, 2024 are shown in the table below. Bonds not due at a single maturity date have been included in the table in the final year of maturity. Actual maturities may differ from contractual maturities because borrowers may have the right to call or pre-pay obligations with or without call or pre-payment penalties. Contractual Maturities of AFS Fixed Maturities Amortized Cost (Less Allowance for Credit Losses) Fair Value (in millions) September 30, 2024 Contractual maturities: Due in one year or less $ 2,458 $ 2,436 Due in years two through five 14,437 14,260 Due in years six through ten 18,983 18,566 Due after ten years 24,541 19,993 Subtotal 60,419 55,255 Residential mortgage-backed 3,934 3,888 Asset-backed 13,290 13,387 Commercial mortgage-backed 3,978 3,655 Redeemable preferred stock 56 60 Total at September 30, 2024 $ 81,677 $ 76,245
Schedule of Proceeds and Gains (Losses) on Sales for Available-for-Sale Fixed Maturities	The following table shows proceeds from sales, gross gains (losses) from sales and allowance for credit losses for AFS fixed maturities: Proceeds from Sales, Gross Gains (Losses) from Sales and Allowance for Credit and Intent to Sell Losses for AFS Fixed Maturities Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Proceeds from sales $ 461 $ 2,524 $ 2,236 $ 5,579 Gross gains on sales $ 2 $ 1 $ 7 $ 8 Gross losses on sales $ (27) $ (348) $ (54) $ (417) Net (increase) decrease in Allowance for Credit and Intent to Sell losses $ (2) $ (1) $ (7) $ (64)
Schedule of Debt Securities, Available-for-Sale, Allowance for Credit Loss	The following table sets forth the amount of credit loss impairments on AFS fixed maturities held by the Company at the dates indicated and the corresponding changes in such amounts: AFS Fixed Maturities - Credit and Intent to Sell Loss Impairments Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Balance, beginning of period $ 50 $ 44 $ 48 $ 36 Previously recognized impairments on securities that matured, paid, prepaid or sold 3 (1) (5) (58) Recognized impairments on securities impaired to fair value this period (1) (2) — — — 52 Credit losses recognized this period on securities for which credit losses were not previously recognized (1) 1 5 10 Additional credit losses this period on securities previously impaired (2) — 2 4 Balance, end of period $ 50 $ 44 $ 50 $ 44 ______________ (1) Represents circumstances where the Company determined in the current period that it intends to sell the security, or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost. (2) Amounts reflected for the nine months ended September 30, 2023 represent AFS fixed maturities in an unrealized loss position, which the Company intended to sell in anticipation of Equitable Financial’s ordinary dividend to Holdings.
Schedule of Net Unrealized Gains (Losses) on Available-for-Sale Fixed Maturities	The tables below present a roll-forward of net unrealized investment gains (losses) recognized in AOCI: Net Unrealized Gains (Losses) on AFS Fixed Maturities Three Months Ended September 30, 2024 Net Unrealized Gains (Losses) on Investments Policyholders’ Liabilities Deferred Income Tax Asset (Liability) (1) AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1) (in millions) Balance, beginning of period $ (8,214) $ 67 $ 471 $ (7,676) Net investment gains (losses) arising during the period 2,759 — — 2,759 Reclassification adjustment: Included in net income (loss) 28 — — 28 Excluded from net income (loss) — — — — Other — — 120 120 Impact of net unrealized investment gains (losses) — (17) (582) (599) Net unrealized investment gains (losses) excluding credit losses (5,427) 50 9 (5,368) Net unrealized investment gains (losses) with credit losses (5) — 1 (4) Balance, end of period $ (5,432) $ 50 $ 10 $ (5,372) Three Months Ended September 30, 2023 Balance, beginning of period $ (8,641) $ 36 $ 441 $ (8,164) Net investment gains (losses) arising during the period (2,575) — — (2,575) Reclassification adjustment: Included in net income (loss) 348 — — 348 Excluded from net income (loss) — — — — Other — — (68) (68) Impact of net unrealized investment gains (losses) — 38 460 498 Net unrealized investment gains (losses) excluding credit losses (10,868) 74 833 (9,961) Three Months Ended September 30, 2024 Net Unrealized Gains (Losses) on Investments Policyholders’ Liabilities Deferred Income Tax Asset (Liability) (1) AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1) (in millions) Net unrealized investment gains (losses) with credit losses 1 — — 1 Balance, end of period $ (10,867) $ 74 $ 833 $ (9,960) Nine Months Ended September 30, 2024 Net Unrealized Gains (Losses) on Investments Policyholders’ Liabilities Deferred Income Tax Asset (Liability) (1) AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1) (in millions) Balance, beginning of period $ (6,999) $ 50 $ 226 $ (6,723) Net investment gains (losses) arising during the period 1,521 — — 1,521 Reclassification adjustment: Included in net income (loss) 54 — — 54 Other — — 113 113 Impact of net unrealized investment gains (losses) — — (331) (331) Net unrealized investment gains (losses) excluding credit losses (5,424) 50 8 (5,366) Net unrealized investment gains (losses) with credit losses (8) — 2 (6) Balance, end of period $ (5,432) $ 50 $ 10 $ (5,372) Nine Months Ended September 30, 2023 Balance, beginning of period $ (9,606) $ 41 $ 440 $ (9,125) Net investment gains (losses) arising during the period (1,730) — — (1,730) Reclassification adjustment: Included in net income (loss) 474 — — 474 Other — — 135 135 Impact of net unrealized investment gains (losses) — 33 257 290 Net unrealized investment gains (losses) excluding credit losses (10,862) 74 832 (9,956) Net unrealized investment gains (losses) with credit losses (5) — 1 (4) Balance, end of period $ (10,867) $ 74 $ 833 $ (9,960) _____________ (1) Certain balances were revised from previously filed financial statements.
Schedule of Continuous Gross Unrealized Losses for Available-for-Sale Fixed Maturities	The following tables disclose the fair values and gross unrealized losses of the 3,635 issues as of September 30, 2024 and the 4,402 issues as of December 31, 2023 that are not deemed to have credit losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position for the specified periods at the dates indicated: AFS Fixed Maturities in an Unrealized Loss Position for Which No Allowance Is Recorded Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in millions) September 30, 2024 Fixed Maturities: Corporate $ 2,007 $ 66 $ 29,946 $ 4,555 $ 31,953 $ 4,621 U.S. Treasury, government and agency 53 — 4,527 1,082 4,580 1,082 States and political subdivisions — — 289 69 289 69 Foreign governments 10 1 503 99 513 100 Residential mortgage-backed 357 1 904 96 1,261 97 Asset-backed 479 1 830 44 1,309 45 Commercial mortgage-backed 134 7 2,931 330 3,065 337 Total at September 30, 2024 $ 3,040 $ 76 $ 39,930 $ 6,275 $ 42,970 $ 6,351 December 31, 2023: Fixed Maturities: Corporate $ 2,228 $ 126 $ 33,135 $ 5,231 $ 35,363 $ 5,357 U.S. Treasury, government and agency 111 2 4,447 1,104 4,558 1,106 States and political subdivisions 10 — 300 74 310 74 Foreign governments 15 2 517 109 532 111 Residential mortgage-backed 210 2 1,044 131 1,254 133 Asset-backed 528 1 5,522 108 6,050 109 Commercial mortgage-backed 92 11 2,856 504 2,948 515 Total at December 31, 2023 $ 3,194 $ 144 $ 47,821 $ 7,261 $ 51,015 $ 7,405
Schedule of Financing Receivable, Allowance for Credit Loss	The change in the allowance for credit losses for commercial, agricultural and residential mortgage loans were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Allowance for credit losses on mortgage loans: Commercial mortgages: Balance, beginning of period $ 222 $ 140 $ 272 $ 123 Current-period provision for expected credit losses 22 63 47 80 Write-offs charged against the allowance — — (75) — Recoveries of amounts previously written off — — — — Net change in allowance 22 63 (28) 80 Balance, end of period $ 244 $ 203 $ 244 $ 203 Agricultural mortgages: Balance, beginning of period $ 9 $ 5 $ 6 $ 6 Current-period provision for expected credit losses 4 1 7 — Write-offs charged against the allowance — — — — Recoveries of amounts previously written off — — — — Net change in allowance 4 1 7 — Balance, end of period $ 13 $ 6 $ 13 $ 6 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Residential mortgages: Balance, beginning of period $ 3 $ — $ 1 $ — Current-period provision for expected credit losses 1 — 3 — Write-offs charged against the allowance — — — — Recoveries of amounts previously written off — — — — Net change in allowance 1 — 3 — Balance, end of period $ 4 $ — $ 4 $ — Total allowance for credit losses $ 261 $ 209 $ 261 $ 209
Schedule of Financing Receivable Credit Quality Indicators	The Company’s commercial and agricultural mortgage loans segregated by risk rating exposure were as follows: Loan to Value (“LTV”) Ratios (1) (3) September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: 0% - 50% $ — $ 285 $ 135 $ 157 $ 131 $ 1,499 $ — $ — $ 2,207 50% - 70% 741 989 1,426 632 457 2,144 397 407 7,193 70% - 90% 41 237 1,062 1,148 622 1,209 89 — 4,408 90% plus — — 467 158 85 1,287 — — 1,997 Total commercial $ 782 $ 1,511 $ 3,090 $ 2,095 $ 1,295 $ 6,139 $ 486 $ 407 $ 15,805 Agricultural: 0% - 50% $ 33 $ 102 $ 164 $ 191 $ 251 $ 898 $ — $ — $ 1,639 50% - 70% 136 57 134 143 164 295 — — 929 70% - 90% — — — — — 16 — — 16 90% plus — — — — — — — — — Total agricultural $ 169 $ 159 $ 298 $ 334 $ 415 $ 1,209 $ — $ — $ 2,584 September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: 0% - 50% $ 33 $ 387 $ 299 $ 348 $ 382 $ 2,397 $ — $ — $ 3,846 50% - 70% 877 1,046 1,560 775 621 2,439 397 407 8,122 70% - 90% 41 237 1,062 1,148 622 1,225 89 — 4,424 90% plus — — 467 158 85 1,287 — — 1,997 Total commercial and agricultural mortgage loans $ 951 $ 1,670 $ 3,388 $ 2,429 $ 1,710 $ 7,348 $ 486 $ 407 $ 18,389 Debt Service Coverage (“DSC”) Ratios (2 ) (3) September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: Greater than 2.0x $ 23 $ 175 $ 646 $ 1,222 $ 917 $ 3,440 $ — $ — $ 6,423 1.8x to 2.0x 103 — 50 208 378 508 170 278 1,695 1.5x to 1.8x 87 141 733 146 — 1,019 31 92 2,249 1.2x to 1.5x 421 648 1,124 429 — 556 — — 3,178 1.0x to 1.2x 148 538 366 56 — 479 285 37 1,909 Less than 1.0x — 9 171 34 — 137 — — 351 Total commercial $ 782 $ 1,511 $ 3,090 $ 2,095 $ 1,295 $ 6,139 $ 486 $ 407 $ 15,805 Agricultural: Greater than 2.0x $ 10 $ 7 $ 42 $ 34 $ 58 $ 179 $ — $ — $ 330 1.8x to 2.0x 12 17 24 54 29 81 — — 217 1.5x to 1.8x 50 11 49 27 120 180 — — 437 1.2x to 1.5x 32 46 95 139 142 425 — — 879 1.0x to 1.2x 48 46 64 69 58 313 — — 598 Less than 1.0x 17 32 24 11 8 31 — — 123 Total agricultural $ 169 $ 159 $ 298 $ 334 $ 415 $ 1,209 $ — $ — $ 2,584 September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: Greater than 2.0x $ 33 $ 182 $ 688 $ 1,256 $ 975 $ 3,619 $ — $ — $ 6,753 1.8x to 2.0x 115 17 74 262 407 589 170 278 1,912 1.5x to 1.8x 137 152 782 173 120 1,199 31 92 2,686 1.2x to 1.5x 453 694 1,219 568 142 981 — — 4,057 1.0x to 1.2x 196 584 430 125 58 792 285 37 2,507 Less than 1.0x 17 41 195 45 8 168 — — 474 Total commercial and agricultural mortgage loans $ 951 $ 1,670 $ 3,388 $ 2,429 $ 1,710 $ 7,348 $ 486 $ 407 $ 18,389 ______________ (1) The LTV ratio is derived from current loan balance divided by the fair value of the property. The fair value of the underlying commercial properties is updated annually for each mortgage loan. (2) The DSC ratio is calculated using the most recently reported operating income results from property operations divided by annual debt service. (3) Residential mortgage loans are excluded from the above tables. LTV Ratios (1) (3) December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: 0% - 50% $ 249 $ 164 $ 129 $ 35 $ — $ 1,557 $ — $ — $ 2,134 50% - 70% 924 1,916 671 750 299 2,319 463 96 7,438 70% - 90% 308 1,197 1,236 523 245 1,384 37 35 4,965 90% plus — — 66 54 92 858 — — 1,070 Total commercial $ 1,481 $ 3,277 $ 2,102 $ 1,362 $ 636 $ 6,118 $ 500 $ 131 $ 15,607 Agricultural: 0% - 50% $ 102 $ 162 $ 191 $ 235 $ 132 $ 802 $ — $ — $ 1,624 50% - 70% 60 146 152 201 58 288 — — 905 70% - 90% — — — — — 16 — — 16 90% plus — — — — — — — — — Total agricultural $ 162 $ 308 $ 343 $ 436 $ 190 $ 1,106 $ — $ — $ 2,545 December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: 0% - 50% $ 351 $ 326 $ 320 $ 270 $ 132 $ 2,359 $ — $ — $ 3,758 50% - 70% 984 2,062 823 951 357 2,607 463 96 8,343 70% - 90% 308 1,197 1,236 523 245 1,400 37 35 4,981 90% plus — — 66 54 92 858 — — 1,070 Total commercial and agricultural mortgage loans $ 1,643 $ 3,585 $ 2,445 $ 1,798 $ 826 $ 7,224 $ 500 $ 131 $ 18,152 DSC Ratios (2) (3) December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Commercial and agricultural mortgage loans: Commercial: Greater than 2.0x $ 175 $ 693 $ 1,125 $ 1,135 $ 249 $ 3,273 $ — $ — $ 6,650 1.8x to 2.0x — — 182 167 171 662 383 96 1,661 1.5x to 1.8x 80 1,060 234 — 162 924 — — 2,460 1.2x to 1.5x 690 687 457 — 11 838 41 — 2,724 1.0x to 1.2x 528 668 38 — 43 317 76 35 1,705 Less than 1.0x 8 169 66 60 — 104 — — 407 Total commercial $ 1,481 $ 3,277 $ 2,102 $ 1,362 $ 636 $ 6,118 $ 500 $ 131 $ 15,607 Agricultural: Greater than 2.0x $ 7 $ 50 $ 36 $ 59 $ 20 $ 179 $ — $ — $ 351 1.8x to 2.0x 18 16 56 33 23 61 — — 207 1.5x to 1.8x 12 50 31 109 17 193 — — 412 1.2x to 1.5x 46 111 148 170 98 365 — — 938 1.0x to 1.2x 47 57 68 57 26 284 — — 539 Less than 1.0x 32 24 4 8 6 24 — — 98 Total agricultural $ 162 $ 308 $ 343 $ 436 $ 190 $ 1,106 $ — $ — $ 2,545 December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Total (in millions) Total commercial and agricultural mortgage loans: Greater than 2.0x $ 182 $ 743 $ 1,161 $ 1,194 $ 269 $ 3,452 $ — $ — $ 7,001 1.8x to 2.0x 18 16 238 200 194 723 383 96 1,868 1.5x to 1.8x 92 1,110 265 109 179 1,117 — — 2,872 1.2x to 1.5x 736 798 605 170 109 1,203 41 — 3,662 1.0x to 1.2x 575 725 106 57 69 601 76 35 2,244 Less than 1.0x 40 193 70 68 6 128 — — 505 Total commercial and agricultural mortgage loans $ 1,643 $ 3,585 $ 2,445 $ 1,798 $ 826 $ 7,224 $ 500 $ 131 $ 18,152 ______________ (1) The LTV ratio is derived from current loan balance divided by the fair value of the property. The fair value of the underlying commercial properties is updated annually for each mortgage loan. (2) The DSC ratio is calculated using the most recently reported operating income results from property operations divided by annual debt service. (3) Residential mortgage loans are excluded from the above tables. The amortized cost of residential mortgage loans by credit quality indicator and origination year was as follows: September 30, 2024 Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Total (in millions) Performance indicators: Performing $ 328 $ 451 $ 189 $ 135 $ 4 $ 2 $ 1,109 Nonperforming — — — — — — — Total $ 328 $ 451 $ 189 $ 135 $ 4 $ 2 $ 1,109 December 31, 2023 Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Total (in millions) Performance indicators: Performing $ 98 $ 121 $ 74 $ 2 $ 1 $ 2 $ 298 Nonperforming — — — — — — — Total $ 98 $ 121 $ 74 $ 2 $ 1 $ 2 $ 298
Schedule of Age Analysis of Past Due Mortgage Loans	The aging analysis of past-due mortgage loans were as follows: Age Analysis of Past Due Mortgage Loans (1) Accruing Loans Non-accruing Loans Total Loans Non-accruing Loans with No Allowance Interest Income on Non-accruing Loans Past Due Current Total 30-59 Days 60-89 Days 90 Days or More Total (in millions) September 30, 2024: Mortgage loans: Commercial $ — $ — $ — $ — $ 15,772 $ 15,772 $ 33 $ 15,805 $ — $ — Agricultural 12 9 49 70 2,478 2,548 36 2,584 — — Residential — — — — 1,109 1,109 — 1,109 — — Total $ 12 $ 9 $ 49 $ 70 $ 19,359 $ 19,429 $ 69 $ 19,498 $ — $ — December 31, 2023: Mortgage loans: Commercial $ 32 $ — $ — $ 32 $ 15,341 $ 15,373 $ 234 $ 15,607 $ — $ 7 Agricultural 7 5 40 52 2,474 2,526 19 2,545 — — Residential — — — — 298 298 — 298 — — Total $ 39 $ 5 $ 40 $ 84 $ 18,113 $ 18,197 $ 253 $ 18,450 $ — $ 7 _______________ (1)
Schedule of Unrealized and Realized Gains (Losses) from Equity Securities and Net Investment Income (Loss) from Trading Securities and Net Investment Income (Loss) from Fixed Maturities, at Fair Value using the Fair Value Option	The breakdown of unrealized and realized gains and (losses) on equity securities was as follows: Unrealized and Realized Gains (Losses) from Equity Securities Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ 30 $ (5) $ 39 $ (3) Net investment gains (losses) recognized on securities sold during the period (1) (6) 1 (9) Unrealized and realized gains (losses) on equity securities $ 29 $ (11) $ 40 $ (12) The breakdown of Net investment income (loss) from trading securities was as follows: Net Investment Income (Loss) from Trading Securities Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ 70 $ (26) $ 112 $ 20 Net investment gains (losses) recognized on securities sold during the period 1 (1) 2 (3) Unrealized and realized gains (losses) on trading securities 71 (27) 114 17 Interest and dividend income from trading securities 23 8 55 20 Net investment income (loss) from trading securities $ 94 $ (19) $ 169 $ 37 The breakdown of Net investment income (loss) from fixed maturities, at fair value using the fair value option were as follows: Net Investment Income (Loss) from Fixed Maturities, at Fair Value using the Fair Value Option Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ (10) $ 4 $ (15) $ 23 Net investment gains (losses) recognized on securities sold during the period — (5) 3 (19) Unrealized and realized gains (losses) from fixed maturities (10) (1) (12) 4 Interest and dividend income from fixed maturities 8 3 36 7 Net investment income (loss) from fixed maturities $ (2) $ 2 $ 24 $ 11
Schedule of Net Investment Income	The following tables provides the components of Net investment income by investment type: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Fixed maturities $ 897 $ 788 $ 2,560 $ 2,254 Mortgage loans on real estate 245 224 718 599 Other equity investments 68 33 120 63 Policy loans 57 55 167 158 Trading securities 94 (19) 169 37 Other investment income (15) 18 30 59 Fixed maturities, at fair value using the fair value option (2) 2 24 11 Gross investment income (loss) 1,344 1,101 3,788 3,181 Investment expenses (35) (30) (94) (84) Net investment income (loss) $ 1,309 $ 1,071 $ 3,694 $ 3,097
Schedule of Investment Gains (Losses), Net	Investment gains (losses), net, including changes in the valuation allowances and credit losses were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Fixed maturities $ (27) $ (348) $ (54) $ (475) Mortgage loans on real estate (26) (63) (58) (80) Other 7 — 11 1 Investment gains (losses), net $ (46) $ (411) $ (101) $ (554)

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
DERIVATIVES (Tables)	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments by Category	The following table presents the gross notional amount and fair value of the Company’s derivatives: Derivative Instruments by Category September 30, 2024 December 31, 2023 Fair Value Fair Value Notional Amount Derivative Assets Derivative Liabilities Net Derivatives Notional Amount Derivative Assets Derivative Liabilities Net Derivatives (in millions) Derivatives: designated for hedge accounting (1) Cash flow hedges: Currency swaps $ 2,996 $ 92 $ 112 $ (20) $ 2,358 $ 79 $ 90 $ (11) Interest swaps 952 — 339 (339) 952 — 311 (311) Total: designated for hedge accounting 3,948 92 451 (359) 3,310 79 401 (322) Derivatives: not designated for hedge accounting (1) Equity contracts: Futures 10,206 — 3 (3) 7,877 — 4 (4) Swaps 15,456 61 11 50 15,021 53 10 43 Options 68,354 19,823 4,552 15,271 53,927 13,213 3,129 10,084 Interest rate contracts: Futures 9,086 — — — 8,094 — — — Swaps 2,921 20 31 (11) 2,887 118 2 116 Credit contracts: Credit default swaps 279 7 7 — 242 9 6 3 Currency contracts: Currency swaps 870 — 14 (14) 823 — 27 (27) Currency forwards 28 16 16 — 36 20 21 (1) Other freestanding contracts: Margin — 598 — 598 — 468 — 468 Collateral — 125 14,673 (14,548) — 75 9,232 (9,157) Total: not designated for hedge accounting 107,200 20,650 19,307 1,343 88,907 13,956 12,431 1,525 Embedded derivatives: SCS, SIO, MSO and IUL indexed features (2) — — 16,261 (16,261) — — 10,745 (10,745) Total embedded derivatives — — 16,261 (16,261) — — 10,745 (10,745) Total derivative instruments $ 111,148 $ 20,742 $ 36,019 $ (15,277) $ 92,217 $ 14,035 $ 23,577 $ (9,542) ______________ (1) Reported in other invested assets in the consolidated balance sheets. (2) Reported in policyholders’ account balances in the consolidated balance sheets. The following table presents the effects of derivative instruments on the consolidated statements of income and comprehensive income (loss): Derivative Instruments by Category Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI (in millions) Derivatives: designated for hedge accounting Cash flow hedges: Currency swaps $ (8) $ 2 $ 42 $ (60) $ (7) $ 10 $ 19 $ (22) Interest swaps — 3 — (5) — (11) — 1 Total: designated for hedge accounting (8) 5 42 (65) (7) (1) 19 (21) Derivatives: not Designated for hedge accounting Equity contracts: Futures 85 — — — 376 — — — Swaps (737) — — — (1,951) — — — Options 1,385 — — — 5,406 — — — Interest rate contracts: Futures (5) — — — (16) — — — Swaps 143 — — — (110) — — — Credit contracts: Credit default swaps (1) — — — (2) — — — Currency contracts: Currency swaps (42) — — — (29) — — — Currency forwards (1) — — — — — — — Other freestanding contracts: Margin — — — — — — — — Collateral — — — — — — — — Total: not designated for hedge accounting 827 — — — 3,674 — — — Embedded derivatives: SCS, SIO,MSO and IUL indexed features (1,533) — — — (5,965) — — — Total embedded derivatives (1,533) — — — (5,965) — — — Total derivative instruments $ (714) $ 5 $ 42 $ (65) $ (2,298) $ (1) $ 19 $ (21) ______________ (1) Reported in net derivative gains (losses) in the consolidated statements of income (loss). Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI Net Derivatives Gain (Losses) (1) Net Investment Income Interest Credited To Policyholders Account Balances AOCI (in millions) Derivatives: designated for hedge accounting Cash flow hedges: Currency swaps $ (12) $ 2 $ 8 $ 14 $ (2) $ 8 $ (59) $ 41 Interest swaps 8 — — 27 (13) — — 30 Total: designated for hedge accounting (4) 2 8 41 (15) 8 (59) 71 Derivatives: not Designated for hedge accounting Equity contracts: Futures (28) — — — (187) — — — Swaps 666 — — — (645) — — — Options (868) — — — 3,133 — — — Interest rate contracts: Futures 26 — — — 36 — — — Swaps (288) — — — (297) — — — Credit contracts: Credit default swaps — — — — (5) — — — Currency contracts: Currency swaps 28 — — — 9 — — — Currency forwards 1 — — — 1 — — — Total: not designated for hedge accounting (463) — — — 2,045 — — — Embedded derivatives: SCS, SIO,MSO and IUL indexed features 1,082 — — — (3,173) — — — Total embedded derivatives 1,082 — — — (3,173) — — — Total derivative instruments (1) $ 615 $ 2 $ 8 $ 41 $ (1,143) $ 8 $ (59) $ 71 ______________ (1) Reported in net derivative gains (losses) in the consolidated statements of income (loss).
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table presents a roll-forward of cash flow hedges recognized in AOCI: Roll-forward of Cash flow hedges in AOCI Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Balance, beginning of period $ 13 $ 52 $ (31) $ 22 Amount recorded in AOCI Currency swaps (17) (17) 1 (12) Interest swaps (7) 31 (23) 4 Total amount recorded in AOCI (24) 14 (22) (8) Amount reclassified from (to) income to AOCI Currency swaps (1) (43) 31 (23) 53 Interest swaps (1) 2 (4) 24 26 Total amount reclassified from (to) income to AOCI (41) 27 1 79 Balance, end of period (2) $ (52) $ 93 $ (52) $ 93 _______________ (1) Currency swaps income is reported in Net investment income in the consolidated statements of income (loss). Interest swaps income is reported in net derivative gains (losses) in the consolidated statements of income (loss). (2) The Company does not estimate the amount of the deferred losses in AOCI at three and nine months ended September 30, 2024 and 2023 which will be released and reclassified into net income (loss) over the next 12 months as the amounts cannot be reasonably estimated.
Schedule of Offsetting Financial Assets and Liabilities and Derivative Instruments	The following tables present information about the Company’s offsetting of financial assets and liabilities and derivative instruments: Offsetting of Financial Assets and Liabilities and Derivative Instruments As of September 30, 2024 Gross Amount Recognized Gross Amount Offset in the Balance Sheets Net Amount Presented in the Balance Sheets Gross Amount not Offset in the Balance Sheets (3) Net Amount (in millions) Assets: Derivative assets (1) $ 20,743 $ 15,756 $ 4,987 $ (3,991) $ 996 Secured lending 127 — 127 — 127 Other financial assets 1,711 — 1,711 — 1,711 Other invested assets $ 22,581 $ 15,756 $ 6,825 $ (3,991) $ 2,834 Liabilities: Derivative liabilities (2) $ 15,767 $ 15,756 $ 11 $ — $ 11 Secured lending 127 — $ 127 — 127 Other financial liabilities 6,507 — 6,507 — 6,507 Other liabilities $ 22,401 $ 15,756 $ 6,645 $ — $ 6,645 ______________ (1) Excludes Asset Management segment’s derivative assets of consolidated VIEs/VOEs. (2) Excludes Asset Management segment’s derivative liabilities of consolidated VIEs/VOEs. (3) Financial instruments/collateral sent (held). As of December 31, 2023 Gross Amount Recognized Gross Amount Offset in the Balance Sheets Net Amount Presented in the Balance Sheets Gross Amount not Offset in the Balance Sheets (3) Net Amount (in millions) Assets: Derivative assets (1) $ 14,036 $ 9,543 $ 4,493 $ (3,254) $ 1,239 Secured Lending $ 116 $ — $ 116 $ — $ 116 Other financial assets 2,110 — 2,110 — 2,110 Other invested assets $ 16,262 $ 9,543 $ 6,719 $ (3,254) $ 3,465 Liabilities: Derivative liabilities (2) $ 9,579 $ 9,543 $ 36 $ — $ 36 Secured Lending $ 116 $ — $ 116 $ — $ 116 Other financial liabilities 5,936 — 5,936 — 5,936 Other liabilities $ 15,631 $ 9,543 $ 6,088 $ — $ 6,088 ______________ (1) Excludes Asset Management segment’s derivative assets of consolidated VIEs/VOEs. (2) Excludes Asset Management segment’s derivative liabilities of consolidated VIEs/VOEs. (3) Financial instruments sent (held).

CLOSED BLOCK (Tables)

CLOSED BLOCK (Tables)	9 Months Ended
CLOSED BLOCK (Tables)	Sep. 30, 2024
Closed Block Disclosure [Abstract]
Schedule of Closed Block Assets and Liabilities	Summarized financial information for the Company’s Closed Block is as follows: September 30, 2024 December 31, 2023 (in millions) Closed Block Liabilities: Future policy benefits, policyholders’ account balances and other $ 5,271 $ 5,461 Other liabilities 57 57 Total Closed Block liabilities 5,328 5,518 Assets Designated to the Closed Block: Fixed maturities AFS, at fair value (amortized cost of $2,862 and $2,945) (allowance for credit losses of $0 and $0) 2,785 2,800 Mortgage loans on real estate (net of allowance for credit losses of $15 and $13) 1,541 1,612 Policy loans 534 554 Cash and other invested assets 79 58 Other assets 117 150 Total assets designated to the Closed Block 5,056 5,174 Excess of Closed Block liabilities over assets designated to the Closed Block 272 344 Amounts included in AOCI: Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $0 and $0; and net of income tax: $16 and $31 (61) (115) Maximum future earnings to be recognized from Closed Block assets and liabilities $ 211 $ 229
Schedule of Closed Block Operations, Net Results	The Company’s Closed Block revenues and expenses were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Revenues: Premiums and other income $ 26 $ 27 $ 81 $ 86 Net investment income (loss) 51 53 154 156 Investment gains (losses), net (2) (6) (3) (6) Total revenues 75 74 232 236 Benefits and Other Deductions: Policyholders’ benefits and dividends 69 79 210 237 Other operating costs and expenses — — — — Total benefits and other deductions 69 79 210 237 Net income (loss), before income taxes 6 (5) 22 (1) Income tax (expense) benefit (2) 2 (5) — Net income (loss) $ 4 $ (3) $ 17 $ (1)

DAC AND OTHER DEFERRED ASSETS_2

DAC AND OTHER DEFERRED ASSETS/LIABILITIES (Tables)	9 Months Ended
DAC AND OTHER DEFERRED ASSETS/LIABILITIES (Tables)	Sep. 30, 2024
Contract Holder Bonus Interest Credits [Abstract]
Schedule of Reconciliation of Deferred Acquisition Cost	The following table presents a reconciliation of DAC to the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Protection Solutions Term $ 320 $ 337 Universal Life 171 174 Variable Universal Life 1,055 987 Indexed Universal Life 187 188 Individual Retirement GMxB Core 1,594 1,602 EQUI-VEST Individual 155 155 Investment Edge 211 172 SCS 1,840 1,571 Legacy Segment GMxB Legacy 527 555 Group Retirement EQUI-VEST Group 758 742 Momentum 84 82 Corporate and Other 109 116 Other 20 24 Total $ 7,031 $ 6,705
Schedule of Deferred Policy Acquisition Costs	Changes in the DAC asset were as follows: Nine Months Ended September 30, 2024 Protection Solutions Individual Retirement Legacy Group Retirement Corporate and Other Total Term UL VUL IUL GMxB Core EI IE SCS GMxB Legacy EG Momentum CB (1) (in millions) Balance, beginning of period $ 337 $ 174 $ 987 $ 188 $ 1,602 $ 155 $ 172 $ 1,571 $ 555 $ 742 $ 82 $ 116 $ 6,681 Capitalization 10 6 114 8 104 9 51 473 19 49 8 — 851 Amortization (2) (27) (9) (46) (9) (112) (9) (12) (204) (47) (33) (6) (7) (521) Balance, end of period $ 320 $ 171 $ 1,055 $ 187 $ 1,594 $ 155 $ 211 $ 1,840 $ 527 $ 758 $ 84 $ 109 $ 7,011 ______________ (1) “CB” defined as Closed Block. (2) DAC amortization of $4 million related to Other not reflected in table above. Nine Months Ended September 30, 2023 Protection Solutions Individual Retirement Legacy Group Retirement Corporate and Other Total Term UL VUL IUL GMxB Core EI IE SCS GMxB Legacy EG Momentum CB (in millions) Balance, beginning of period $ 362 $ 179 $ 889 $ 185 $ 1,625 $ 156 $ 148 $ 1,279 $ 593 $ 710 $ 89 $ 127 $ 6,342 Capitalization 11 5 109 10 87 8 30 364 19 51 7 — 701 Amortization (1) (29) (9) (42) (8) (107) (9) (11) (154) (48) (31) (13) (8) (469) Balance, end of period $ 344 $ 175 $ 956 $ 187 $ 1,605 $ 155 $ 167 $ 1,489 $ 564 $ 730 $ 83 $ 119 $ 6,574 ______________ (1) DAC amortization of $3 million related to Other not reflected in table above. Changes in the Individual Retirement sales inducement assets were as follows: Nine Months Ended September 30, 2024 2023 GMxB Core GMxB Legacy GMxB Core GMxB Legacy (in millions) Balance, beginning of period $ 127 $ 179 $ 137 $ 200 Capitalization 2 — 2 — Amortization (9) (15) (9) (16) Balance, end of period $ 120 $ 164 $ 130 $ 184 Changes in the Protection Solutions unearned revenue liability were as follows: Nine Months Ended September 30, 2024 2023 UL VUL IUL UL VUL IUL (in millions) Balance, beginning of period $ 107 $ 754 $ 210 $ 95 $ 684 $ 157 Capitalization 12 99 42 14 86 49 Amortization (6) (36) (11) (5) (34) (8) Balance, end of period $ 113 $ 817 $ 241 $ 104 $ 736 $ 198

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	9 Months Ended
FAIR VALUE DISCLOSURES (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements as of September 30, 2024 Level 1 Level 2 Level 3 Total (in millions) Assets: Investments Fixed maturities, AFS: Corporate (1) $ — $ 47,075 $ 2,449 $ 49,524 U.S. Treasury, government and agency — 4,716 — 4,716 States and political subdivisions — 408 — 408 Foreign governments — 607 — 607 Residential mortgage-backed (2) — 3,888 — 3,888 Asset-backed (3) — 13,324 63 13,387 Commercial mortgage-backed — 3,647 8 3,655 Redeemable preferred stock — 60 — 60 Total fixed maturities, AFS — 73,725 2,520 76,245 Fixed maturities, at fair value using the fair value option — 1,388 312 1,700 Other equity investments (4) 243 332 54 629 Trading securities 432 1,725 58 2,215 Other invested assets: Short-term investments — 81 — 81 Assets of consolidated VIEs/VOEs 17 250 2 269 Swaps — (334) — (334) Credit default swaps — — — — Futures (3) — — (3) Options — 15,271 — 15,271 Total other invested assets 14 15,268 2 15,284 Cash equivalents 6,941 1,334 — 8,275 Segregated securities — 547 — 547 Purchased market risk benefits — — 8,492 8,492 Assets for market risk benefits — — 740 740 Separate Accounts assets (5) 134,337 2,524 — 136,861 Total Assets $ 141,967 $ 96,843 $ 12,178 $ 250,988 Liabilities: Notes issued by consolidated VIE’s, at fair value using the fair value option (6) $ — $ 1,561 $ 168 $ 1,729 SCS, SIO, MSO and IUL indexed features’ liability — 16,261 — 16,261 Liabilities of consolidated VIEs and VOEs — — — — Liabilities for market risk benefits — — 13,197 13,197 Contingent payment arrangements — — 129 129 Total Liabilities $ — $ 17,822 $ 13,494 $ 31,316 ______________ (1) Corporate fixed maturities includes both public and private issues. (2) Includes publicly traded agency pass-through securities and collateralized obligations. (3) Includes credit-tranched securities collateralized by sub-prime mortgages, credit risk transfer securities and other asset types. (4) Includes short position equity securities of $17 million that are reported in other liabilities. (5) Separate Accounts 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. As of September 30, 2024, the fair value of such investments was $329 million. (6) Accrued interest payable of $15 million is reported in Notes issued by consolidated VIE’s, at fair value using the fair value option in the consolidated balance sheets, which is not required to be measured at fair value on a recurring basis. Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets: Investments Fixed maturities, AFS: Corporate (1) $ — $ 42,584 $ 2,158 $ 44,742 U.S. Treasury, government and agency — 4,631 — 4,631 States and political subdivisions — 522 27 549 Foreign governments — 611 — 611 Residential mortgage-backed (2) — 2,355 — 2,355 Asset-backed (3) — 10,954 47 11,001 Commercial mortgage-backed (2) — 3,075 7 3,082 Redeemable preferred stock — 59 — 59 Total fixed maturities, AFS — 64,791 2,239 67,030 Fixed maturities, at fair value using the fair value option — 1,473 181 1,654 Other equity investments (4) 217 464 54 735 Trading securities 321 675 61 1,057 Other invested assets: Short-term investments — 429 — 429 Assets of consolidated VIEs/VOEs 61 350 3 414 Swaps — (190) — (190) Credit default swaps — 3 — 3 Futures (4) — — (4) Options — 10,084 — 10,084 Total other invested assets 57 10,676 3 10,736 Cash equivalents 5,901 694 — 6,595 Segregated securities — 868 — 868 Purchased market risk benefits — — 9,427 9,427 Assets for market risk benefits — — 591 591 Separate Accounts assets (5) 124,099 2,624 — 126,723 Total Assets $ 130,595 $ 82,265 $ 12,556 $ 225,416 Liabilities: Notes issued by consolidated VIE’s, at fair value using the fair value option (6) $ — $ 1,539 $ — $ 1,539 SCS, SIO, MSO and IUL indexed features’ liability — 10,745 — 10,745 Liabilities of consolidated VIEs and VOEs 1 2 — 3 Liabilities for market risk benefits — — 14,612 14,612 Contingent payment arrangements — — 253 253 Total Liabilities $ 1 $ 12,286 $ 14,865 $ 27,152 ______________ (1) Corporate fixed maturities includes both public and private issues. (2) Includes publicly traded agency pass-through securities and collateralized obligations. (3) Includes credit-tranched securities collateralized by sub-prime mortgages, credit risk transfer securities and other asset types. (4) Includes short position equity securities of $4 million that are reported in other liabilities. (5) Separate Accounts 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. As of December 31, 2023, the fair value of such investments was $371 million. (6) Accrued interest payable of $20 million is reported in Notes issued by consolidated VIE’s, at fair value using the fair value option in the consolidated balance sheets, which is not required to be measured at fair value on a recurring basis.
Schedule of Reconciliation of Assets and Liabilities at Level 3	The tables below present reconciliations for all Level 3 assets and liabilities and changes in unrealized gains (losses). Not included below are the changes in balances related to MRBs and purchased MRBs level 3 assets and liabilities, which are included in Note 9 of the Notes to these Consolidated Financial Statements. Three Months Ended September 30, 2024 Corporate State and Political Subdivisions Asset-backed CMBS (in millions) Balance, beginning of period $ 2,518 $ — $ 57 $ 7 Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 2 — — — Investment gains (losses), net (1) — — — Subtotal 1 — — — Other comprehensive income (loss) 37 — — 1 Purchases 318 — 14 — Sales (366) — (8) — Settlements — — — — Other — — — — Activity related to consolidated VIEs/VOEs — — — — Transfers into Level 3 (1) (30) — — — Transfers out of Level 3 (1) (29) — — — Balance, end of period $ 2,449 $ — $ 63 $ 8 Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 36 $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2024, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. Three Months Ended September 30, 2024 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Balance, beginning of period $ 224 $ 59 $ 57 $ — $ (255) Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 2 1 — — — Investment gains (losses), net 1 — 1 — — Subtotal 3 1 1 — — Other comprehensive income (loss) — — — — — Purchases 114 (4) — — — Sales (53) 1 — — — Settlements — — — — — Other (4) — — — — 126 Activity related to consolidated VIEs/VOEs — (1) — — — Transfers into Level 3 (1) 22 — — — — Transfers out of Level 3 (1) 2 — — — — Balance, end of period $ 312 $ 56 $ 58 $ — $ (129) Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ 20 $ 1 $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ (31) $ — $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2024, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. (3) Other Equity Investments include other invested assets. (4) As of September 30, 2024, the contingent liability related to the CarVal acquisition in 2022 by AB was remeasured and a gain was recorded within contingent payment arrangements in the consolidated statements of income (loss). Three Months Ended September 30, 2023 Corporate State and Political Subdivisions Asset-backed RMBS CMBS (in millions) Balance, beginning of period $ 2,037 $ 27 $ — $ — $ 34 Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 1 — — — — Investment gains (losses), net (5) — — — — Subtotal (4) — — — — Other comprehensive income (loss) 5 — — (1) — Purchases 163 — 10 40 (1) Sales (53) (1) — — 17 Settlements — — — — — Other — — — — — Activity related to consolidated VIEs/VOEs — — — — — Transfers into Level 3 (1) (11) — — — — Transfers out of Level 3 (1) (34) — — — — Balance, end of period $ 2,103 $ 26 $ 10 $ 39 $ 50 Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 5 $ — $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) Three Months Ended September 30, 2023 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Balance, beginning of period $ 217 $ 105 $ 56 $ 1 $ (250) Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 7 — — — — Investment gains (losses), net 1 — — — — Subtotal 8 — — — — Other comprehensive income (loss) — — — — — Purchases 1 — 14 — — Sales (8) — — — — Settlements — — — — — Other — — — — (2) Activity related to consolidated VIEs/VOEs — 1 — — — Transfers into Level 3 (1) (78) — — — — Transfers out of Level 3 (1) 40 — — — — Balance, end of period $ 180 $ 106 $ 70 $ 1 $ (252) Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ 7 $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ — $ — $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2023, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. (3) Other Equity Investments include other invested assets. Nine Months Ended September 30, 2024 Corporate State and Political Subdivisions Asset-backed CMBS (in millions) Balance, beginning of period $ 2,158 $ 27 $ 47 $ 7 Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 6 — — — Investment gains (losses), net (3) — — — Subtotal 3 — — — Other comprehensive income (loss) 48 — — 1 Purchases 1,075 — 60 — Sales (787) — (30) — Settlements — — — — Other — — — — Activity related to consolidated VIEs/VOEs — — — — Transfers into Level 3 (1) 27 — — — Transfers out of Level 3 (1) (75) (27) (14) — Balance, end of period $ 2,449 $ — $ 63 $ 8 Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 47 $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2024, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. Nine Months Ended September 30, 2024 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Balance, beginning of period $ 181 $ 57 $ 61 $ — $ (253) Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 6 2 — — — Investment gains (losses), net 1 — (3) — — Subtotal 7 2 (3) — — Other comprehensive income (loss) — — — — — Purchases 161 — — — — Sales (86) (2) — — — Settlements — — — — 3 Other (4) — — — — 121 Activity related to consolidated VIEs/VOEs — (1) — — — Transfers into Level 3 (1) 101 — — — — Transfers out of Level 3 (1) (52) — — — — Balance, end of period $ 312 $ 56 $ 58 $ — $ (129) Nine Months Ended September 30, 2024 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ 20 $ 2 $ (4) $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ — $ — $ — $ — $ — ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2024, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. (3) Other Equity Investments include other invested assets. (4) As of September 30, 2024, the contingent liability related to the CarVal acquisition in 2022 by AB was remeasured and a gain was recorded within contingent payment arrangements in the consolidated statements of income (loss). Nine Months Ended September 30, 2023 Corporate State and Political Subdivisions Asset-backed RMBS CMBS (in millions) Balance, beginning of period $ 2,121 $ 28 $ — $ 34 $ 32 Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 4 — — — — Investment gains (losses), net (16) — — — — Subtotal (12) — — — — Other comprehensive income (loss) 15 — — (1) (1) Purchases 539 — 10 40 19 Sales (215) (2) — — — Settlements — — — — — Other — — — — — Activity related to consolidated VIEs/VOEs — — — — — Transfers into Level 3 (1) — — — — — Transfers out of Level 3 (1) (345) — — (34) — Balance, end of period $ 2,103 $ 26 $ 10 $ 39 $ 50 Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ — $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 9 $ — $ — $ (1) $ (1) ______________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) Nine Months Ended September 30, 2023 Fixed maturities, at FVO Other Equity Investments (3) Trading Securities, at Fair Value Separate Accounts Assets Contingent Payment Arrangement (in millions) Balance, beginning of period $ 224 $ 17 $ 55 $ 1 $ (247) Total gains and (losses), realized and unrealized, included in: Net income (loss) as: Net investment income (loss) 6 (3) — — — Investment gains (losses), net (1) — — — — Subtotal 5 (3) — — — Other comprehensive income (loss) — — — — — Purchases 75 44 — — — Sales (43) — 15 — — Settlements — — — — 1 Other — — — — (6) Activity related to consolidated VIEs/VOEs — 48 — — — Transfers into Level 3 (1) 29 — — — — Transfers out of Level 3 (1) (110) — — — — Balance, end of period $ 180 $ 106 $ 70 $ 1 $ (252) Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (2) $ — $ (3) $ — $ — $ — Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (2) $ 4 $ — $ — $ — $ — _____________ (1) Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values. (2) For instruments held as of September 30, 2023, amounts are included in Net investment income or net derivative gains (losses) in the consolidated statements of income (loss) or unrealized gains (losses) on investments in the consolidated statements of comprehensive income. (3) Other Equity Investments include other invested assets.
Schedule of Quantitative Information About Level 3 Fair Value Measurement	The following tables disclose quantitative information about Level 3 fair value measurements by category for assets and liabilities: Quantitative Information about Level 3 Fair Value Measurements as of September 30, 2024 Fair Valuation Technique Significant Unobservable Input Range Weighted Average (2) (Dollars in millions) Assets: Investments: Fixed maturities, AFS: Corporate $ 399 Matrix pricing model Spread over Benchmark 20 bps - 295 bps 131 bps 704 Market comparable EBITDA multiples Discount rate Cash flow multiples Loan to value 4.0x - 36.5x 7.8% - 17.1% 0.7x - 11.8x (1.6)% - 65.1% 12.5x 3.4% 4.2x 14.4% Trading securities, at fair value 58 Discounted cash flow Earnings multiple Discount factor Discount years 9.1x 10.0% 7 Other equity investments — Discounted cash flow Earnings Multiple 0.0x - 0.0x 0.0x Purchased MRB asset (1) (2) (4) 8,492 Discounted cash flow Lapse rates Withdrawal rates GMIB Utilization rates Non-performance risk Volatility rates - Equity Mortality: Ages 0-40 Ages 41-60 Ages 61-115 0.24%-13.05% 0.06%-11.65% 0.04%-66.70% 33 bps - 96 bps 12%-30% 0.01%-0.17% 0.06%-0.52% 0.32%-41.20% 1.95% 0.52% 6.56% 36 bps 24% 3.15% (same for all ages) (same for all ages) Liabilities: AB Contingent consideration payable $ 129 Discounted cash flow Expected revenue growth rates Discount rate (2.2)% - 29.3% 1.9% - 10.4% 8.6% 5.1% Direct MRB (1) (2) (3) (4) 12,457 Discounted cash flow Non-performance risk Lapse rates Withdrawal rates Annuitization rates Mortality: Ages 0-40 Ages 41-60 Ages 61-115 111 bps 0.24%-36.18% 0.00%-11.65% 0.04%-100.00% 0.01%-0.17% 0.06%-0.52% 0.32%-41.20% 111 bps 3.36% 0.66% 5.20% 2.94% (same for all ages) (same for all ages) ______________ (1) Mortality rates vary by age and demographic characteristic such as gender. Mortality rate assumptions are based on a combination of company and industry experience. A mortality improvement assumption is also applied. For any given contract, mortality rates vary throughout the period over which cash flows are projected for purposes of valuating the embedded derivatives. (2) Lapses and pro-rata withdrawal rates were developed as a function of the policy account value. Dollar for dollar withdrawal rates were developed as a function of the dollar for dollar threshold, the dollar for dollar limit. Utilization rates were developed as a function of the benefit base. (3) MRB liabilities are shown net of MRB assets. Net amount is made up of $13.2 billion of MRB liabilities and $740 million of MRB assets. (4) Includes Legacy and Core products. Quantitative Information about Level 3 Fair Value Measurements as of December 31, 2023 Fair Valuation Significant Range Weighted Average (2) (Dollars in millions) Assets: Investments: Fixed maturities, AFS: Corporate $ 373 Matrix pricing model Spread over benchmark 20 bps - 747 bps 181 bps 979 Market comparable companies EBITDA multiples Discount rate Cash flow multiples Loan to value 3.3x - 29.0x 0.0% - 22.8% 0.8x-10.0x 3.4%-61.0% 13.6x 3.9% 6.3x 13.8% Trading securities, at fair value 61 Discounted cash flow Earnings multiple Discounts factor Discount years 9.1x 10.00% 7 Other equity investments 2 Discounted cash flow Earnings Multiple 3.9x - 8.4x 6.5x Purchased MRB asset (1) (2) (4) 9,427 Discounted cash flow Lapse rates Withdrawal rates GMIB Utilization rates Non-performance risk Volatility rates - Equity Mortality: Ages 0-40 Ages 41-60 Ages 61-115 0.21% - 12.38% 0.07% - 14.97% 0.04% - 66.21% 35 bps - 97 bps 11% - 28% 0.01% - 0.18% 0.07% - 0.53% 0.33% - 42.00% 1.79% 0.46% 7.44% 45 bps 23% 3.07% (same for all ages) (same for all ages) Liabilities: AB Contingent consideration payable $ 253 Discounted cash flow Expected revenue growth rates Discount rate 2.0% - 83.9% 1.9% - 10.4% 10.3% 4.6% Direct MRB (1) (2) (3) (4) 14,021 Discounted cash flow Non-performance risk Lapse rates Withdrawal rates Annuitization rates Mortality: Ages 0-40 Ages 41-60 Ages 61-115 118 bps 0.21% - 29.37% 0.00% - 14.97% 0.04% - 100.00% 0.01% - 0.18% 0.07% - 0.53% 0.33% - 42.00% 118 bps 3.07% 0.64% 5.38% 2.50% (same for all ages) (same for all ages) ______________ (1) Mortality rates vary by age and demographic characteristic such as gender and benefits elected with the policy. Mortality rate assumptions are based on a combination of company and industry experience. A mortality improvement assumption is also applied. For any given contract, mortality rates vary throughout the period over which cash flows are projected for purposes of valuating the embedded derivatives. (2) Lapses and pro-rata withdrawal rates were developed as a function of the policy account value. Dollar for dollar withdrawal rates were developed as a function of the dollar for dollar threshold, the dollar for dollar limit. Utilization rates were developed as a function of the benefit base. (3) MRB liabilities are shown net of MRB assets. Net amount is made up of $14.6 billion of MRB liabilities and $591 million of MRB assets. (4) Includes Legacy and Core products.
Schedule of Fair Value Disclosure Financial Instruments Not Carried At Fair Value	The carrying values and fair values for financial instruments not otherwise disclosed in Note 3 and Note 4 of the Notes to these Consolidated Financial Statements were as follows: Carrying Values and Fair Values for Financial Instruments Not Otherwise Disclosed Carrying Fair Value Level 1 Level 2 Level 3 Total (in millions) September 30, 2024: Mortgage loans on real estate $ 19,237 $ — $ — $ 18,112 $ 18,112 Policy loans $ 4,293 $ — $ — $ 4,664 $ 4,664 Policyholders’ liabilities: Investment contracts $ 2,076 $ — $ — $ 2,058 $ 2,058 FHLB funding agreements $ 7,167 $ — $ 7,126 $ — $ 7,126 FABN funding agreements $ 5,795 $ — $ 5,567 $ — $ 5,567 Funding agreement-backed commercial paper (FABCP) $ 73 $ — $ 75 $ — $ 75 Long-term debt $ 3,831 $ — $ 3,894 $ — $ 3,894 Separate Accounts liabilities $ 11,993 $ — $ — $ 11,993 $ 11,993 December 31, 2023: Mortgage loans on real estate $ 18,171 $ — $ — $ 16,471 $ 16,471 Policy loans $ 4,158 $ — $ — $ 4,485 $ 4,485 Policyholders’ liabilities: Investment contracts $ 1,663 $ — $ — $ 1,634 $ 1,634 FHLB funding agreements $ 7,618 $ — $ 7,567 $ — $ 7,567 FABN funding agreements $ 6,267 $ — $ 5,840 $ — $ 5,840 Funding agreement-backed commercial paper (FABCP) $ 939 $ — $ 948 $ — $ 948 Long-term debt $ 3,820 $ — $ 3,742 $ — $ 3,742 Separate Accounts liabilities $ 10,715 $ — $ — $ 10,715 $ 10,715

LIABILITIES FOR FUTURE POLICY_2

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS (Tables)	9 Months Ended
LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS (Tables)	Sep. 30, 2024
Insurance [Abstract]
Schedule of Policyholder Account Balance and Liability for Unpaid Claims and Claims Adjustment Expense	The following table reconciles the net liability for future policy benefits and liability of death benefits to the liability for future policy benefits in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Reconciliation Term $ 1,367 $ 1,348 Payout 5,103 4,464 Group Pension - Benefit Reserve & DPL 487 490 Health 1,448 1,505 UL 1,256 1,193 Subtotal 9,661 9,000 Whole Life Closed Block and Open Block products 5,259 5,444 Other (1) 932 970 Future policyholder benefits total 15,852 15,414 Other policyholder funds and dividends payable 2,084 1,949 Total $ 17,936 $ 17,363 _____________ (1) Primarily consists of future policy benefits related to Protective Life and Annuity, Assumed Life and Disability, Group Life Run off, Variable Interest Sensitive Life rider and EB.
Schedule of Policyholder Account Balance	The following table summarizes balances and changes in the liability for future policy benefits for nonparticipating traditional and limited pay contracts: Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Protection Solutions Individual Retirement Corporate & Other Protection Solutions Individual Retirement Corporate & Other Term Payout Group Pension Health Term Payout Group Pension Health (in millions) Present Value of Expected Net Premiums Balance, beginning of period $ 2,133 $ — $ — $ (21) $ 2,100 $ — $ — $ (5) Beginning balance at original discount rate 2,058 — — (22) 2,078 — — (5) Effect of changes in cash flow assumptions 21 — — (3) 32 — — (8) Effect of actual variances from expected experience (79) — — (5) (14) — — (6) Adjusted beginning of period balance 2,000 — — (30) 2,096 — — (19) Issuances 40 — — — 49 — — — Interest accrual 73 — — (1) 75 — — (1) Net premiums collected (139) — — 3 (147) — — 2 Ending Balance at original discount rate 1,974 — — (28) 2,073 — — (18) Effect of changes in discount rate assumptions 79 — — 1 (82) — — 1 Balance, end of period $ 2,053 $ — $ — $ (27) $ 1,991 $ — $ — $ (17) Present Value of Expected Future Policy Benefits Balance, beginning of period $ 3,480 $ 4,464 $ 490 $ 1,484 $ 3,465 $ 3,517 $ 523 $ 1,553 Beginning balance of original discount rate 3,330 4,680 536 1,672 3,391 3,869 583 1,795 Effect of changes in cash flow assumptions 39 — — — 40 — — (12) Effect of actual variances from expected experience (101) (1) 2 (12) (16) 1 — (5) Adjusted beginning of period balance 3,268 4,679 538 1,660 3,415 3,870 583 1,778 Issuances 43 765 21 — 53 771 — — Interest accrual 123 131 14 41 126 94 15 43 Benefits payments (182) (342) (47) (122) (254) (268) (50) (111) Ending Balance at original discount rate 3,252 5,233 526 1,579 3,340 4,467 548 1,710 Effect of changes in discount rate assumptions 167 (130) (39) (158) (84) (486) (73) (290) Balance, end of period $ 3,419 $ 5,103 $ 487 $ 1,421 $ 3,256 $ 3,981 $ 475 $ 1,420 Impact of flooring LFPB at zero 1 — — — 1 — — — Net liability for future policy benefits $ 1,367 5,103 487 1,448 1,266 3,981 475 1,437 Less: Reinsurance recoverable 3 (1,299) — (1,136) 25 (777) — (1,145) Net liability for future policy benefits, after reinsurance recoverable $ 1,370 $ 3,804 $ 487 $ 312 $ 1,291 $ 3,204 $ 475 $ 292 Weighted-average duration of liability for future policyholder benefits (years) 6.8 7.8 7.0 8.5 7.1 8.1 7.1 8.7 The following table reconciles the policyholders account balances to the policyholders’ account balance liability in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Policyholders’ account balance reconciliation Protection Solutions Universal Life $ 5,095 $ 5,202 Variable Universal Life 4,967 4,862 Legacy Segment GMxB Legacy 239 293 Individual Retirement GMxB Core 12 36 SCS 61,743 49,002 EQUI-VEST Individual 2,117 2,322 Group Retirement EQUI-VEST Group 11,266 11,563 Momentum 553 608 Other (1) (2) 8,377 6,895 Balance (exclusive of Funding Agreements) 94,369 80,783 Funding Agreements (2) 13,064 14,890 Balance, end of period $ 107,433 $ 95,673 _____________ (1) Primarily reflects products IR Payout, IR Other, Indexed Universal Life, Investment Edge, Group Pension, Closed Block and Corporate and Other. (2) Balances as of December 31, 2023 were revised from previously filed financial statements. The following table summarizes the balances and changes in policyholder’s account balances: Nine Months Ended September 30, 2024 Protection Solutions Legacy Individual Retirement Group Retirement Universal Life Variable Universal Life GMxB Legacy GMxB Core SCS (1) EQUI-VEST Individual EQUI-VEST Group Momentum (Dollars in millions) Balance, beginning of period $ 5,202 $ 4,862 $ 293 $ 36 $ 49,002 $ 2,322 $ 11,563 $ 608 Premiums received 490 91 3 177 12 26 452 50 Policy charges (537) (196) 9 — (17) — (4) — Surrenders and withdrawals (62) (30) (67) (27) (2,988) (251) (1,203) (104) Benefit payments (163) (58) (14) (2) (222) (40) (55) (1) Net transfers from (to) separate account — 139 4 (178) 9,512 11 253 (10) Interest credited (2) 165 159 11 6 6,444 49 260 10 Other — — — — — — — — Balance, end of period $ 5,095 $ 4,967 $ 239 $ 12 $ 61,743 $ 2,117 $ 11,266 $ 553 Weighted-average crediting rate 3.81% 3.70% 2.74% 1.68% N/A 2.96% 2.69% 2.32% Net amount at risk (3) $ 33,800 $ 116,107 $ 18,977 $ 2,606 $ — $ 100 $ 8 $ — Cash surrender value $ 3,386 $ 3,194 $ 507 $ 241 $ 58,668 $ 2,110 $ 11,207 $ 554 ______________ (1) SCS sales are recorded as a Separate Account liability until they are swept into the General Account. This sweep is recorded as Net Transfers from (to) separate account. (2) SCS and EQUI-VEST Group includes amounts related to the change in embedded derivative. (3) For life insurance products, the net amount at risk is death benefit less account value for the policyholder. For variable annuity products, the net amount at risk is the maximum GMxB NAR for the policyholder. Nine Months Ended September 30, 2023 Protection Solutions Legacy Individual Retirement Group Retirement Universal Life Variable Universal Life GMxB Legacy GMxB Core SCS (1) EQUI-VEST Individual EQUI-VEST Group Momentum (Dollars in millions) Balance, beginning of period $ 5,340 $ 4,909 $ 382 $ 69 $ 35,702 $ 2,652 $ 12,045 $ 702 Premiums received 528 107 8 163 5 27 460 49 Policy charges (572) (190) 7 2 (6) — (4) — Surrenders and withdrawals (57) (33) (67) (24) (2,046) (256) (1,207) (105) Benefit payments (169) (84) (18) (1) (194) (56) (54) (4) Net transfers from (to) separate account — (53) — (162) 7,366 7 210 (24) Interest credited (2) 166 151 13 4 3,394 56 268 10 Other — — — — — 4 11 — Balance, end of period $ 5,236 $ 4,807 $ 325 $ 51 $ 44,221 $ 2,434 $ 11,729 $ 628 Weighted-average crediting rate 3.75% 3.70% 2.71% 1.57% —% 2.90% 2.56% 2.33% Net amount at risk (3) $ 36,003 $ 115,752 $ 23,123 $ 3,598 $ 31 $ 126 $ 51 $ — Cash surrender value $ 3,450 $ 3,201 $ 607 $ 273 $ 40,156 $ 2,427 $ 11,672 $ 630 ______________ (1) SCS sales are recorded as a Separate Account liability until they are swept into the General Account. This sweep is recorded as Net Transfers from (to) separate account. (2) SCS and EQUI-VEST includes amounts related to the change in embedded derivative. (3) For life insurance products, the net amount at risk is the death benefit less account value for the policyholder. For variable annuity products, the net amount at risk is the maximum GMxB NAR for the policyholder. The following table reconciles the Separate Account liabilities to the Separate Account liability balance in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Separate Account Reconciliation Protection Solutions Variable Universal Life $ 18,110 $ 15,821 Legacy Segment GMxB Legacy 34,607 33,794 Individual Retirement GMxB Core 31,414 29,829 EQUI-VEST Individual 4,920 4,582 Investment Edge 4,892 4,275 Group Retirement EQUI-VEST Group 30,686 26,959 Momentum 4,932 4,421 Other (1) 7,846 7,570 Total $ 137,407 $ 127,251 ______________ (1) Primarily reflects Corporate and Other products and Group Retirement products including Association and Group Retirement Other. The following table presents the balances of and changes in Separate Account liabilities: Nine Months Ended September 30, 2024 Protection Solutions Legacy Individual Retirement Group Retirement VUL GMxB Legacy GMxB Core EQUI-VEST Individual Investment Edge EQUI-VEST Group Momentum (in millions) Balance, beginning of period $ 15,821 $ 33,794 $ 29,829 $ 4,582 $ 4,275 $ 26,959 $ 4,421 Premiums and deposits 925 165 1,499 69 1,333 1,709 554 Policy charges (432) (477) (374) (1) — (13) (17) Surrenders and withdrawals (474) (2,529) (2,710) (381) (389) (1,778) (686) Benefit payments (68) (568) (203) (40) (22) (47) (8) Investment performance (1) 2,476 4,226 3,195 702 543 4,109 659 Net transfers from (to) General Account (138) (4) 178 (11) (848) (253) 9 Other charges — — — — — — — Balance, end of period $ 18,110 $ 34,607 $ 31,414 $ 4,920 $ 4,892 $ 30,686 $ 4,932 Cash surrender value $ 17,727 $ 34,334 $ 30,579 $ 4,887 $ 4,803 $ 30,378 $ 4,924 _____________ (1) Investment performance is reflected net of M&E fees. Nine Months Ended September 30, 2023 Protection Solutions Legacy Individual Retirement Group Retirement VUL GMxB Legacy GMxB Core EQUI-VEST Individual Investment Edge EQUI-VEST Group Momentum (in millions) Balance, beginning of period $ 13,187 $ 32,616 $ 27,772 $ 4,161 $ 3,798 $ 22,393 $ 3,885 Premiums and deposits 845 166 1,170 70 659 1,574 478 Policy charges (419) (495) (365) (2) — (13) (15) Surrenders and withdrawals (415) (2,001) (1,898) (293) (291) (1,218) (529) Benefit payments (68) (562) (176) (43) (33) (43) (8) Investment performance (1) 1,127 2,045 1,120 360 191 1,790 305 Net transfers from (to) General Account 53 — 161 (7) (363) (210) 24 Other charges (2) — — — 4 — 25 — Balance, end of period $ 14,310 $ 31,769 $ 27,784 $ 4,250 $ 3,961 $ 24,298 $ 4,140 Cash surrender value $ 13,988 $ 31,481 $ 26,939 $ 4,218 $ 3,872 $ 24,031 $ 4,132 ______________ (1) Investment performance is reflected net of M&E fees. (2) EQUI-VEST Individual and EQUI-VEST Group for the six months ending June 30, 2023, amounts reflect a total special payment applied to the accounts of active clients as part of a previously disclosed settlement agreement between Equitable Financial Life Insurance Company and the Securities & Exchange Commission.
Schedule of Liability for Future Policy Benefits, Undiscounted and Discounted Expected Gross Premiums and Expected Future Benefits and Expenses	The following table provides the amount of undiscounted and discounted expected gross premiums and expected future benefits and expenses related to nonparticipating traditional and limited payment contracts: September 30, 2024 December 31, 2023 (in millions) Term Expected future benefit payments and expenses (undiscounted) $ 5,691 $ 5,878 Expected future gross premiums (undiscounted) 6,679 6,979 Expected future benefit payments and expenses (discounted; AOCI basis) 3,420 3,480 Expected future gross premiums (discounted; AOCI basis) 3,747 3,879 Payout Expected future benefit payments and expenses (undiscounted) 7,464 6,630 Expected future gross premiums (undiscounted) — — Expected future benefit payments and expenses (discounted; AOCI basis) 4,995 4,350 Expected future gross premiums (discounted; AOCI basis) — — Group Pension Expected future benefit payments and expenses (undiscounted) 627 668 Expected future gross premiums (undiscounted) — — Expected future benefit payments and expenses (discounted; AOCI basis) 470 471 Expected future gross premiums (discounted; AOCI basis) — — Health Expected future benefit payments and expenses (undiscounted) 2,177 2,318 Expected future gross premiums (undiscounted) 75 85 Expected future benefit payments and expenses (discounted; AOCI basis) 1,405 1,468 Expected future gross premiums (discounted; AOCI basis) $ 60 $ 68
Schedule of Liability for Future Policy Benefits, Revenue and Interest Accretion	The table below summarizes the revenue and interest related to nonparticipating traditional and limited payment contracts: Nine Months Ended September 30, 2024 2023 2024 2023 Gross Premium Interest Accretion (in millions) Revenue and Interest Accretion Term $ 254 $ 206 $ 50 $ 50 Payout 201 135 153 103 Group Pension — — 13 15 Health 9 6 41 44 Total $ 464 $ 347 $ 257 $ 212
Schedule of Liability for Future Policy Benefits, Weighted Average Interest Rates	The following table provides the weighted average interest rates for the liability for future policy benefits: September 30, 2024 December 31, 2023 Weighted Average Interest Rate Term Interest accretion rate 5.6 % 5.6 % Current discount rate 4.6 % 4.8 % Payout Interest accretion rate 4.4 % 4.2 % Current discount rate 4.7 % 4.9 % Group Pension Interest accretion rate 3.3 % 3.3 % Current discount rate 4.6 % 4.8 % Health Interest accretion rate 3.4 % 3.4 % Current discount rate 4.8 % 4.9 %
Schedule of Balances of and Changes in Additional Liabilities Related to Insurance Guarantees	The following table provides the balance, changes in and the weighted average durations of the additional insurance liabilities: Nine Months Ended September 30, 2024 2023 Protection Solutions UL (Dollars in millions) Balance, beginning of period $ 1,193 $ 1,109 Beginning balance before AOCI adjustments 1,230 1,135 Effect of changes in interest rate & cash flow assumptions and model changes 17 (12) Effect of actual variances from expected experience (2) 14 Adjusted beginning of period balance 1,245 1,137 Interest accrual 41 38 Net assessments collected 53 50 Benefit payments (44) (39) Ending balance before shadow reserve adjustments 1,295 1,186 Effect of reserve adjustment recorded in AOCI (39) (55) Balance, end of period $ 1,256 $ 1,131 Net liability for additional liability $ 1,256 $ 1,131 Less: Reinsurance recoverable — — Net liability for additional liability, after reinsurance recoverable $ 1,256 $ 1,131 Weighted-average duration of additional liability - death benefit (years) 19.7 19.2 The following tables provide the revenue, interest and weighted average interest rates, related to the additional insurance liabilities: Nine Months Ended September 30, 2024 2023 2024 2023 Assessments Interest Accretion (in millions) Revenue and Interest Accretion UL $ 499 $ 487 $ 41 $ 38 Total $ 499 $ 487 $ 41 $ 38 Nine Months Ended September 30, 2024 2023 Weighted Average Interest Rate UL 4.5 % 4.5 % Interest accretion rate 4.5 % 4.5 %

MARKET RISK BENEFITS (Tables)

MARKET RISK BENEFITS (Tables)	9 Months Ended
MARKET RISK BENEFITS (Tables)	Sep. 30, 2024
Market Risk Benefit [Abstract]
Schedule of Market Risk Benefit, Activity	The following table presents the balances and changes to the balances for MRBs for the GMxB benefits on deferred variable annuities: Three Months Ended September 30, 2024 2023 Individual Retirement Legacy Individual Retirement Legacy GMxB Core GMxB Legacy Purchased MRB Net Legacy GMxB Core GMxB Legacy Purchased MRB Net Legacy (in millions) Balance, beginning of period $ 404 $ 11,418 $ (7,989) $ 3,429 $ 131 $ 12,720 $ (9,923) $ 2,797 Balance BOP before changes in the instrument specific credit risk 119 10,898 (7,970) 2,928 351 14,142 (9,827) 4,315 Model changes and effect of changes in cash flow assumptions 88 (70) (25) (95) 20 (11) (33) (44) Actual market movement effect (195) (596) 302 (294) 202 718 (300) 418 Interest accrual 13 141 (105) 36 22 213 (150) 63 Attributed fees accrued (1) 99 201 (63) 138 100 212 (66) 146 Benefit payments (10) (301) 174 (127) (11) (322) 190 (132) Actual policyholder behavior different from expected behavior 10 (8) (2) (10) 7 (13) (2) (15) Changes in future economic assumptions 164 1,098 (771) 327 (411) (2,609) 1,511 (1,098) Issuances — — — — — — — — Balance EOP before changes in the instrument-specific credit risk 288 11,363 (8,460) 2,903 280 12,330 (8,677) 3,653 Changes in the instrument-specific credit risk (2) 279 541 (28) 513 38 (349) (61) (410) Balance, end of period $ 567 $ 11,904 $ (8,488) $ 3,416 $ 318 $ 11,981 $ (8,738) $ 3,243 Weighted-average age of policyholders (years) 65.1 73.5 73.0 N/A 64.2 72.9 72.5 N/A Net amount at risk $ 2,606 $ 18,977 $ 10,159 N/A $ 3,598 $ 23,123 $ 12,188 N/A ______________ (1) Attributed fees accrued represents the portion of the fees needed to fund future GMxB claims. (2) Changes are recorded in OCI except for reinsurer credit which is reflected in the consolidated income statement. Nine Months Ended September 30, 2024 2023 Individual Retirement Legacy Individual Retirement Legacy GMxB Core GMxB Legacy Purchased MRB (3) Net Legacy GMxB Core GMxB Legacy Purchased MRB (3) Net Legacy (in millions) Balance, beginning of period $ 590 $ 13,418 $ (9,420) $ 3,998 $ 530 $ 14,699 $ (10,415) $ 4,284 Balance BOP before changes in the instrument specific credit risk 322 13,028 (9,387) 3,641 529 15,314 (10,358) 4,956 Model changes and effect of changes in cash flow assumptions (4) 86 (78) 125 47 20 (11) (33) (44) Actual market movement effect (359) (1,339) 700 (639) (128) (662) 402 (260) Interest accrual 44 455 (328) 127 60 604 (437) 167 Attributed fees accrued (1) 305 599 (199) 400 306 630 (207) 423 Benefit payments (31) (933) 505 (428) (35) (1,008) 560 (448) Actual policyholder behavior different from expected behavior 24 (31) (3) (34) 19 1 (28) (27) Changes in future economic assumptions (101) (338) 127 (211) (488) (2,538) 1,424 (1,114) Issuances (2) — — — (3) — — — Balance EOP before changes in the instrument-specific credit risk 288 11,363 (8,460) 2,903 280 12,330 (8,677) 3,653 Changes in the instrument-specific credit risk (2) 279 541 (28) 513 38 (349) (61) (410) Balance, end of period $ 567 $ 11,904 $ (8,488) $ 3,416 $ 318 $ 11,981 $ (8,738) $ 3,243 Weighted-average age of policyholders (years) 65.1 73.5 73.0 N/A 64.2 72.9 72.5 N/A Net amount at risk $ 2,606 $ 18,977 $ 10,159 N/A $ 3,598 $ 23,123 $ 12,188 N/A _____________ (1) Attributed fees accrued represents the portion of the fees needed to fund future GMxB claims. (2) Changes are recorded in OCI except for reinsurer credit which is reflected in the consolidated income statement. (3) Purchased MRB is the impact of non-affiliated reinsurance. (4) Includes the impact primarily of a non-affiliated recapture of reinsurance completed in the first quarter of 2024. The following table reconciles MRBs by the amounts in an asset position and amounts in a liability position to the MRB amounts in the consolidated balance sheets: September 30, 2024 December 31, 2023 Direct Asset Direct Liability Net Direct MRB Purchased MRB Total Direct Asset Direct Liability Net Direct MRB Purchased MRB Total (in millions) Individual Retirement GMxB Core $ (476) $ 1,043 $ 567 $ — $ 567 $ (418) $ 1,008 $ 590 $ — $ 590 Legacy Segment GMxB Legacy (170) 12,074 11,904 (8,488) 3,416 (102) 13,520 13,418 (9,420) 3,998 Other (1) (94) 80 (14) (4) (18) (71) 84 13 (7) 6 Total $ (740) $ 13,197 $ 12,457 $ (8,492) $ 3,965 $ (591) $ 14,612 $ 14,021 $ (9,427) $ 4,594 ______________ (1) Other primarily includes SCS.

POLICYHOLDER ACCOUNT BALANCES (

POLICYHOLDER ACCOUNT BALANCES (Tables)	9 Months Ended
POLICYHOLDER ACCOUNT BALANCES (Tables)	Sep. 30, 2024
Policyholder Account Balance [Abstract]
Schedule of Policyholder Account Balance	The following table summarizes balances and changes in the liability for future policy benefits for nonparticipating traditional and limited pay contracts: Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Protection Solutions Individual Retirement Corporate & Other Protection Solutions Individual Retirement Corporate & Other Term Payout Group Pension Health Term Payout Group Pension Health (in millions) Present Value of Expected Net Premiums Balance, beginning of period $ 2,133 $ — $ — $ (21) $ 2,100 $ — $ — $ (5) Beginning balance at original discount rate 2,058 — — (22) 2,078 — — (5) Effect of changes in cash flow assumptions 21 — — (3) 32 — — (8) Effect of actual variances from expected experience (79) — — (5) (14) — — (6) Adjusted beginning of period balance 2,000 — — (30) 2,096 — — (19) Issuances 40 — — — 49 — — — Interest accrual 73 — — (1) 75 — — (1) Net premiums collected (139) — — 3 (147) — — 2 Ending Balance at original discount rate 1,974 — — (28) 2,073 — — (18) Effect of changes in discount rate assumptions 79 — — 1 (82) — — 1 Balance, end of period $ 2,053 $ — $ — $ (27) $ 1,991 $ — $ — $ (17) Present Value of Expected Future Policy Benefits Balance, beginning of period $ 3,480 $ 4,464 $ 490 $ 1,484 $ 3,465 $ 3,517 $ 523 $ 1,553 Beginning balance of original discount rate 3,330 4,680 536 1,672 3,391 3,869 583 1,795 Effect of changes in cash flow assumptions 39 — — — 40 — — (12) Effect of actual variances from expected experience (101) (1) 2 (12) (16) 1 — (5) Adjusted beginning of period balance 3,268 4,679 538 1,660 3,415 3,870 583 1,778 Issuances 43 765 21 — 53 771 — — Interest accrual 123 131 14 41 126 94 15 43 Benefits payments (182) (342) (47) (122) (254) (268) (50) (111) Ending Balance at original discount rate 3,252 5,233 526 1,579 3,340 4,467 548 1,710 Effect of changes in discount rate assumptions 167 (130) (39) (158) (84) (486) (73) (290) Balance, end of period $ 3,419 $ 5,103 $ 487 $ 1,421 $ 3,256 $ 3,981 $ 475 $ 1,420 Impact of flooring LFPB at zero 1 — — — 1 — — — Net liability for future policy benefits $ 1,367 5,103 487 1,448 1,266 3,981 475 1,437 Less: Reinsurance recoverable 3 (1,299) — (1,136) 25 (777) — (1,145) Net liability for future policy benefits, after reinsurance recoverable $ 1,370 $ 3,804 $ 487 $ 312 $ 1,291 $ 3,204 $ 475 $ 292 Weighted-average duration of liability for future policyholder benefits (years) 6.8 7.8 7.0 8.5 7.1 8.1 7.1 8.7 The following table reconciles the policyholders account balances to the policyholders’ account balance liability in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Policyholders’ account balance reconciliation Protection Solutions Universal Life $ 5,095 $ 5,202 Variable Universal Life 4,967 4,862 Legacy Segment GMxB Legacy 239 293 Individual Retirement GMxB Core 12 36 SCS 61,743 49,002 EQUI-VEST Individual 2,117 2,322 Group Retirement EQUI-VEST Group 11,266 11,563 Momentum 553 608 Other (1) (2) 8,377 6,895 Balance (exclusive of Funding Agreements) 94,369 80,783 Funding Agreements (2) 13,064 14,890 Balance, end of period $ 107,433 $ 95,673 _____________ (1) Primarily reflects products IR Payout, IR Other, Indexed Universal Life, Investment Edge, Group Pension, Closed Block and Corporate and Other. (2) Balances as of December 31, 2023 were revised from previously filed financial statements. The following table summarizes the balances and changes in policyholder’s account balances: Nine Months Ended September 30, 2024 Protection Solutions Legacy Individual Retirement Group Retirement Universal Life Variable Universal Life GMxB Legacy GMxB Core SCS (1) EQUI-VEST Individual EQUI-VEST Group Momentum (Dollars in millions) Balance, beginning of period $ 5,202 $ 4,862 $ 293 $ 36 $ 49,002 $ 2,322 $ 11,563 $ 608 Premiums received 490 91 3 177 12 26 452 50 Policy charges (537) (196) 9 — (17) — (4) — Surrenders and withdrawals (62) (30) (67) (27) (2,988) (251) (1,203) (104) Benefit payments (163) (58) (14) (2) (222) (40) (55) (1) Net transfers from (to) separate account — 139 4 (178) 9,512 11 253 (10) Interest credited (2) 165 159 11 6 6,444 49 260 10 Other — — — — — — — — Balance, end of period $ 5,095 $ 4,967 $ 239 $ 12 $ 61,743 $ 2,117 $ 11,266 $ 553 Weighted-average crediting rate 3.81% 3.70% 2.74% 1.68% N/A 2.96% 2.69% 2.32% Net amount at risk (3) $ 33,800 $ 116,107 $ 18,977 $ 2,606 $ — $ 100 $ 8 $ — Cash surrender value $ 3,386 $ 3,194 $ 507 $ 241 $ 58,668 $ 2,110 $ 11,207 $ 554 ______________ (1) SCS sales are recorded as a Separate Account liability until they are swept into the General Account. This sweep is recorded as Net Transfers from (to) separate account. (2) SCS and EQUI-VEST Group includes amounts related to the change in embedded derivative. (3) For life insurance products, the net amount at risk is death benefit less account value for the policyholder. For variable annuity products, the net amount at risk is the maximum GMxB NAR for the policyholder. Nine Months Ended September 30, 2023 Protection Solutions Legacy Individual Retirement Group Retirement Universal Life Variable Universal Life GMxB Legacy GMxB Core SCS (1) EQUI-VEST Individual EQUI-VEST Group Momentum (Dollars in millions) Balance, beginning of period $ 5,340 $ 4,909 $ 382 $ 69 $ 35,702 $ 2,652 $ 12,045 $ 702 Premiums received 528 107 8 163 5 27 460 49 Policy charges (572) (190) 7 2 (6) — (4) — Surrenders and withdrawals (57) (33) (67) (24) (2,046) (256) (1,207) (105) Benefit payments (169) (84) (18) (1) (194) (56) (54) (4) Net transfers from (to) separate account — (53) — (162) 7,366 7 210 (24) Interest credited (2) 166 151 13 4 3,394 56 268 10 Other — — — — — 4 11 — Balance, end of period $ 5,236 $ 4,807 $ 325 $ 51 $ 44,221 $ 2,434 $ 11,729 $ 628 Weighted-average crediting rate 3.75% 3.70% 2.71% 1.57% —% 2.90% 2.56% 2.33% Net amount at risk (3) $ 36,003 $ 115,752 $ 23,123 $ 3,598 $ 31 $ 126 $ 51 $ — Cash surrender value $ 3,450 $ 3,201 $ 607 $ 273 $ 40,156 $ 2,427 $ 11,672 $ 630 ______________ (1) SCS sales are recorded as a Separate Account liability until they are swept into the General Account. This sweep is recorded as Net Transfers from (to) separate account. (2) SCS and EQUI-VEST includes amounts related to the change in embedded derivative. (3) For life insurance products, the net amount at risk is the death benefit less account value for the policyholder. For variable annuity products, the net amount at risk is the maximum GMxB NAR for the policyholder. The following table reconciles the Separate Account liabilities to the Separate Account liability balance in the consolidated balance sheets: September 30, 2024 December 31, 2023 (in millions) Separate Account Reconciliation Protection Solutions Variable Universal Life $ 18,110 $ 15,821 Legacy Segment GMxB Legacy 34,607 33,794 Individual Retirement GMxB Core 31,414 29,829 EQUI-VEST Individual 4,920 4,582 Investment Edge 4,892 4,275 Group Retirement EQUI-VEST Group 30,686 26,959 Momentum 4,932 4,421 Other (1) 7,846 7,570 Total $ 137,407 $ 127,251 ______________ (1) Primarily reflects Corporate and Other products and Group Retirement products including Association and Group Retirement Other. The following table presents the balances of and changes in Separate Account liabilities: Nine Months Ended September 30, 2024 Protection Solutions Legacy Individual Retirement Group Retirement VUL GMxB Legacy GMxB Core EQUI-VEST Individual Investment Edge EQUI-VEST Group Momentum (in millions) Balance, beginning of period $ 15,821 $ 33,794 $ 29,829 $ 4,582 $ 4,275 $ 26,959 $ 4,421 Premiums and deposits 925 165 1,499 69 1,333 1,709 554 Policy charges (432) (477) (374) (1) — (13) (17) Surrenders and withdrawals (474) (2,529) (2,710) (381) (389) (1,778) (686) Benefit payments (68) (568) (203) (40) (22) (47) (8) Investment performance (1) 2,476 4,226 3,195 702 543 4,109 659 Net transfers from (to) General Account (138) (4) 178 (11) (848) (253) 9 Other charges — — — — — — — Balance, end of period $ 18,110 $ 34,607 $ 31,414 $ 4,920 $ 4,892 $ 30,686 $ 4,932 Cash surrender value $ 17,727 $ 34,334 $ 30,579 $ 4,887 $ 4,803 $ 30,378 $ 4,924 _____________ (1) Investment performance is reflected net of M&E fees. Nine Months Ended September 30, 2023 Protection Solutions Legacy Individual Retirement Group Retirement VUL GMxB Legacy GMxB Core EQUI-VEST Individual Investment Edge EQUI-VEST Group Momentum (in millions) Balance, beginning of period $ 13,187 $ 32,616 $ 27,772 $ 4,161 $ 3,798 $ 22,393 $ 3,885 Premiums and deposits 845 166 1,170 70 659 1,574 478 Policy charges (419) (495) (365) (2) — (13) (15) Surrenders and withdrawals (415) (2,001) (1,898) (293) (291) (1,218) (529) Benefit payments (68) (562) (176) (43) (33) (43) (8) Investment performance (1) 1,127 2,045 1,120 360 191 1,790 305 Net transfers from (to) General Account 53 — 161 (7) (363) (210) 24 Other charges (2) — — — 4 — 25 — Balance, end of period $ 14,310 $ 31,769 $ 27,784 $ 4,250 $ 3,961 $ 24,298 $ 4,140 Cash surrender value $ 13,988 $ 31,481 $ 26,939 $ 4,218 $ 3,872 $ 24,031 $ 4,132 ______________ (1) Investment performance is reflected net of M&E fees. (2) EQUI-VEST Individual and EQUI-VEST Group for the six months ending June 30, 2023, amounts reflect a total special payment applied to the accounts of active clients as part of a previously disclosed settlement agreement between Equitable Financial Life Insurance Company and the Securities & Exchange Commission.
Schedule of Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The following table presents the account values by range of guaranteed minimum crediting rates and the related range of the difference in basis points, between rates being credited policyholders and the respective guaranteed minimums: September 30, 2024 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) Protection Solutions Universal Life 0.00% - 1.50% $ — $ — $ — $ 6 $ 6 1.51% - 2.50% 11 90 321 607 1,029 Greater than 2.50% 3,425 605 — — 4,030 Total $ 3,436 $ 695 $ 321 $ 613 $ 5,065 Variable Universal Life 0.00% - 1.50% $ 11 $ 16 $ 86 $ 33 $ 146 1.51% - 2.50% 36 391 178 — 605 Greater than 2.50% 3,673 — 22 — 3,695 Total $ 3,720 $ 407 $ 286 $ 33 $ 4,446 Legacy Segment September 30, 2024 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) GMxB Legacy 0.00% - 1.50% $ 70 $ 3 $ — $ — $ 73 1.51% - 2.50% 20 — — — 20 Greater than 2.50% 416 — — — 416 Total $ 506 $ 3 $ — $ — $ 509 Individual Retirement GMxB Core 0.00% - 1.50% $ 12 $ 167 $ — $ — $ 179 1.51% - 2.50% 12 — — — 12 Greater than 2.50% 57 — — — 57 Total $ 81 $ 167 $ — $ — $ 248 EQUI-VEST Individual 0.00% - 1.50% $ 44 $ 202 $ — $ — $ 246 1.51% - 2.50% 39 — — — 39 Greater than 2.50% 1,831 — — — 1,831 Total $ 1,914 $ 202 $ — $ — $ 2,116 Group Retirement EQUI-VEST 0.00% - 1.50% $ 734 $ 2,379 $ 32 $ 265 $ 3,410 1.51% - 2.50% 350 — — — 350 Greater than 2.50% 6,231 — 1 — 6,232 Total $ 7,315 $ 2,379 $ 33 $ 265 $ 9,992 Momentum 0.00% - 1.50% $ — $ 13 $ 305 $ 51 $ 369 1.51% - 2.50% 117 1 — — 118 Greater than 2.50% 61 — 5 — 66 Total $ 178 $ 14 $ 310 $ 51 $ 553 December 31, 2023 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) Protection Solutions Universal Life 0.00% - 1.50% $ — $ — $ — $ 6 $ 6 1.51% - 2.50% 61 69 462 430 1,022 Greater than 2.50% 3,515 627 — — 4,142 Total $ 3,576 $ 696 $ 462 $ 436 $ 5,170 Variable Universal Life 0.00% - 1.50% $ 16 $ 33 $ 53 $ 9 $ 111 1.51% - 2.50% 35 495 28 — 558 Greater than 2.50% 3,712 — 13 5 3,730 Total $ 3,763 $ 528 $ 94 $ 14 $ 4,399 Legacy Segment December 31, 2023 Product Range of Guaranteed Minimum Crediting Rate At Guaranteed Minimum 1 Basis Point - 50 Basis Points Above 51 Basis Points - 150 Basis Points Above Greater Than 150 Basis Points Above Total ( in millions) GMxB Legacy 0.00% - 1.50% $ 75 $ 16 $ — $ — $ 91 1.51% - 2.50% 21 — — — 21 Greater than 2.50% 461 — — — 461 Total $ 557 $ 16 $ — $ — $ 573 Individual Retirement GMxB Core 0.00% - 1.50% $ 13 $ 192 $ — $ — $ 205 1.51% - 2.50% 13 — — — 13 Greater than 2.50% 55 — — — 55 Total $ 81 $ 192 $ — $ — $ 273 EQUI-VEST Individual 0.00% - 1.50% $ 49 $ 218 $ — $ — $ 267 1.51% - 2.50% 43 — — — 43 Greater than 2.50% 2,011 — — — 2,011 Total $ 2,103 $ 218 $ — $ — $ 2,321 SCS Products with either a fixed rate or no guaranteed minimum N/A N/A N/A N/A N/A Group Retirement EQUI-VEST Group 0.00% - 1.50% $ 772 $ 2,338 $ 36 $ 315 $ 3,461 1.51% - 2.50% 345 — — — 345 Greater than 2.50% 6,610 — — — 6,610 Total $ 7,727 $ 2,338 $ 36 $ 315 $ 10,416 Momentum 0.00% - 1.50% $ — $ 12 $ 330 $ 53 $ 395 1.51% - 2.50% 138 1 — — 139 Greater than 2.50% 68 — 5 — 73 Total $ 206 $ 13 $ 335 $ 53 $ 607
Schedule of Aggregate Fair Value of Separate Account Assets	The following table presents the aggregate fair value of Separate Account assets by major asset category: September 30, 2024 Protection Solutions Individual Retirement Group Retirement Corp & Other Legacy Segment Total (in millions) Asset Type Debt securities $ 56 $ 1 $ — $ 27 $ — $ 84 Common Stock 70 36 483 1,693 — 2,282 Mutual Funds 18,509 42,918 37,101 665 34,633 133,826 Bonds and Notes 116 3 14 1,082 — 1,215 Total $ 18,751 $ 42,958 $ 37,598 $ 3,467 $ 34,633 $ 137,407 December 31, 2023 Protection Solutions Individual Retirement Group Retirement Corp & Other Legacy Segment Total (in millions) Asset Type Debt securities $ 48 $ 1 $ 21 $ 6 $ — $ 76 Common Stock 65 34 447 1,667 — 2,213 Mutual Funds 16,199 40,113 32,780 689 33,802 123,583 Bonds and Notes 91 4 1 1,283 — 1,379 Total $ 16,403 $ 40,152 $ 33,249 $ 3,645 $ 33,802 $ 127,251

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
EMPLOYEE BENEFIT PLANS (Tables)	Sep. 30, 2024
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	Components of net periodic pension expense for the Company’s plans were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Service cost $ 2 $ 2 $ 6 $ 6 Interest cost 30 31 89 93 Expected return on assets (36) (38) (110) (116) Prior period service cost amortization (1) 1 (2) — Actuarial (gain) loss — — — 1 Net amortization 15 11 44 28 Net Periodic Pension Expense $ 10 $ 7 $ 27 $ 12

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
EQUITY (Tables)	Sep. 30, 2024
Equity [Abstract]
Schedule of Stock by Class	Preferred stock authorized, issued and outstanding was as follows: September 30, 2024 December 31, 2023 Series Shares Authorized Shares Shares Outstanding Shares Authorized Shares Shares Outstanding Series A 32,000 32,000 32,000 32,000 32,000 32,000 Series B 20,000 20,000 20,000 20,000 20,000 20,000 Series C 12,000 12,000 12,000 12,000 12,000 12,000 Total 64,000 64,000 64,000 64,000 64,000 64,000
Schedule of Dividends Declared	Dividends declared per share were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Series A dividends declared $ 328 $ 328 $ 984 $ 984 Series B dividends declared $ — $ — $ 619 $ 619 Series C dividends declared $ 269 $ 269 $ 806 $ 806 Common Stock Dividends declared per share of common stock were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Dividends declared $ 0.24 $ 0.22 $ 0.70 $ 0.64
Schedule of Accumulated Other Comprehensive Income (Loss)	The balances as of September 30, 2024 and December 31, 2023 follow: September 30, 2024 December 31, 2023 (in millions) Unrealized gains (losses) on investments $ (5,253) $ (6,638) Market risk benefits - instrument-specific credit risk component (800) (633) Liability for future policy benefits - current discount rate component 108 182 Defined benefit pension plans (623) (652) Foreign currency translation adjustments (60) (76) Total accumulated other comprehensive income (loss) (6,628) (7,817) Less: Accumulated other comprehensive income (loss) attributable to noncontrolling interest (33) (40) Accumulated other comprehensive income (loss) attributable to Holdings $ (6,595) $ (7,777)
Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes	The components of OCI, net of taxes for three and nine months ended September 30, 2024 and 2023 are as follow: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Change in net unrealized gains (losses) on investments: Net unrealized gains (losses) arising during the period $ 2,299 $ (2,102) $ 1,314 $ (1,231) (Gains) losses reclassified into net income (loss) during the period (1) 22 274 43 374 Net unrealized gains (losses) on investments 2,321 (1,828) 1,357 (857) Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other (66) 62 (23) 93 Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $448, $(384), $212 and $(375)) 2,255 (1,766) 1,334 (764) Change in LFPB discount rate and MRB credit risk, net of tax Market risk benefits - changes in instrument-specific credit risk (net of deferred income tax expense (benefit) of $(1), $(289), $(35) and $(63)) (5) (1,086) (133) (235) Liability for future policy benefits - changes in current discount rate (net of deferred income tax expense (benefit) of $(60), $52, $(16) and $42 ) (223) 195 (58) 157 Change in defined benefit plans: Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost 11 6 29 35 Change in defined benefit plans (net of deferred income tax expense (benefit) of $(3), $(2), $(8), and $(9)) 11 6 29 35 Foreign currency translation adjustments: Foreign currency translation gains (losses) arising during the period 20 (16) 17 (5) Foreign currency translation adjustment 20 (16) 17 (5) Total other comprehensive income (loss), net of income taxes 2,058 (2,667) 1,189 (812) Less: Other comprehensive income (loss) attributable to noncontrolling interest 8 (7) 7 (2) Other comprehensive income (loss) attributable to Holdings $ 2,050 $ (2,660) $ 1,182 $ (810) ______________ (1) See “Reclassification adjustment” in Note 3 of the Notes to these Consolidated Financial Statements. Reclassification amounts presented net of income tax expense (benefit) of $(6) million and $(11) million for the three and nine months ended September 30, 2024,respectively, and $(73) million , and $(99) million for the three and nine months ended September 30, 2023, respectively.

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	9 Months Ended
SHORT-TERM AND LONG-TERM DEBT (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt	The following table sets forth the Company’s total consolidated borrowings. Short-term and long-term debt consists of the following: September 30, December 31, 2024 2023 (in millions) Short-term debt: AB commercial paper $ — $ 254 Total short-term debt — 254 Long-term debt: Senior Debenture, (7.00%, due 2028) 250 349 Senior Note (4.35% due 2028) 1,494 1,493 Senior Note (4.572% due 2029) 301 — Senior Note (5.594% due 2033) 497 497 Senior Note (5.00% due 2048) 1,289 1,481 Total long-term debt 3,831 3,820 Total borrowings $ 3,831 $ 4,074

REDEEMABLE NONCONTROLLING INT_2

REDEEMABLE NONCONTROLLING INTEREST (Tables)	9 Months Ended
REDEEMABLE NONCONTROLLING INTEREST (Tables)	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Schedule of Redeemable Noncontrolling Interest	The changes in the components of redeemable noncontrolling interests were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Balance, beginning of period $ 1,088 $ 531 $ 770 $ 455 Net earnings (loss) attributable to redeemable noncontrolling interests 26 6 60 24 Purchase/change of redeemable noncontrolling interests 109 99 393 157 Balance, end of period $ 1,223 $ 636 $ 1,223 $ 636

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	9 Months Ended
COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Activity of Funding Agreements	The table below summarizes the Company’s activity of funding agreements with the FHLB. Change in FHLB Funding Agreements during the Nine Months Ended September 30, 2024 Outstanding Balance at December 31, 2023 Issued During the Period Repaid During the Period Long-term Agreements Maturing Within One Year Long-term Agreements Maturing Within Five Years Outstanding Balance at September 30, 2024 (in millions) Short-term funding agreements: Due in one year or less $ 6,168 $ 49,084 $ (49,534) $ 125 $ — $ 5,843 Long-term funding agreements: Due in years two through five 799 — — (67) — 732 Due in more than five years 648 — — (58) — 590 Total long-term funding agreements 1,447 — — (125) — 1,322 Total funding agreements (1) $ 7,615 $ 49,084 $ (49,534) $ — $ — $ 7,165 _____________ (1) The $2 million and $3 million difference between the funding agreements carrying value shown in fair value table for September 30, 2024 and December 31, 2023, respectively, reflects the remaining amortization of a hedge implemented and closed, which locked in the funding agreements borrowing rates. Change in FABN Funding Agreements during the Nine Months Ended September 30, 2024 Outstanding Balance at December 31, 2023 Issued During the Period Repaid During the Period Long-term Agreements Maturing Within One Year Long-term Agreements Maturing Within Five Years Foreign Currency Transaction Adjustment Outstanding Balance at September 30, (in millions) Short-term funding agreements: Due in one year or less $ 1,000 $ — $ (500) $ 650 $ — $ — $ 1,150 Long-term funding agreements: Due in years two through five 4,984 — — (650) — 24 4,358 Due in more than five years 300 — — — — — 300 Total long-term funding agreements 5,284 — — (650) — 24 4,658 Total funding agreements (1) $ 6,284 $ — $ (500) $ — $ — $ 24 $ 5,808 _____________ (1) The $13 million and $17 million difference between the funding agreements notional value shown and carrying value table as of September 30, 2024 and December 31, 2023, respectively, reflects the remaining amortization of the issuance cost of the funding agreements and the foreign currency transaction adjustment.

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
BUSINESS SEGMENT INFORMATION (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The table below presents operating earnings (loss) by segment and Corporate and Other and a reconciliation to net income (loss) attributable to Holdings: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Net income (loss) attributable to Holdings $ (134) $ 1,064 $ 408 $ 2,000 Adjustments related to: Variable annuity product (1) 738 (1,380) 1,136 (584) Investment (gains) losses 46 411 101 554 Net actuarial (gains) losses related to pension and other postretirement benefit obligations 13 8 44 26 Other adjustments (2) (3) (4) — 91 59 198 Income tax expense (benefit) related to above adjustments (167) 183 (281) (40) Non-recurring tax items (5) 5 36 18 (936) Non-GAAP Operating Earnings $ 501 $ 413 $ 1,485 $ 1,218 Operating earnings (loss) by segment: Individual Retirement $ 225 $ 220 $ 713 $ 671 Group Retirement $ 141 $ 105 $ 390 $ 301 Asset Management $ 111 $ 99 $ 318 $ 297 Protection Solutions $ 46 $ 34 $ 154 $ 23 Wealth Management $ 50 $ 40 $ 137 $ 114 Legacy $ 27 $ 31 $ 93 $ 119 Corporate and Other (6) $ (99) $ (116) $ (320) $ (307) ______________ (1) Includes the impact of favorable assumption updates of $16 million for the three and nine months ended September 30, 2024, respectively, and $40 million for the three and nine months ended September 30, 2023, respectively. (2) Includes certain gross legal expenses related to the COI litigation of $0 million and $106 million for the three and nine months ended September 30, 2024, respectively, and $0 million and $35 million for the three and nine months ended September 30, 2023, respectively. Includes the impact of unfavorable annual actuarial assumptions updates related to LFPB of $61 million for the three and nine months ended September 30, 2023. (3) For the nine months ended September 30, 2024, includes $82 million of the gain on sale on AB's Bernstein Research Service attributable to Holdings. (4) For the three and nine months ended September 30, 2024, includes $78 million contingent payment gain recognized in connection with the fair value remeasurement of the contingent payment liability associated with AB’s acquisition of CarVal in 2022. (5) For the three and nine months ended September 30, 2024, includes non-recurring tax items reflects the effect of uncertain tax positions for a given audit period and for the three and nine months ended September 30, 2023, non-recurring tax items reflect primarily the effect of uncertain tax positions for a given audit period and an increase of the deferred tax valuation allowance of $20 million and a decrease of $970 million, respectively. (6) Includes interest expense and financing fees of $57 million and $171 million for the three and nine months ended September 30, 2024, respectively, and $54 million and $173 million for the three and nine months ended September 30, 2023, respectively. The table below presents revenues by segment and Corporate and Other: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Segment revenues: Individual Retirement (1) $ 944 $ 762 $ 2,678 $ 2,130 Group Retirement (1) 314 267 889 771 Asset Management (2) 1,086 1,034 3,230 3,043 Protection Solutions (1) 839 822 2,498 2,373 Wealth Management (3) 450 390 1,315 1,143 Legacy (1) 117 129 369 405 Corporate and Other (1) (4) 246 257 720 800 Eliminations (220) (199) (663) (597) Adjustments related to: Variable annuity product features (738) 1,380 (1,136) 584 Investment gains (losses), net (46) (411) (101) (554) Other adjustments to segment revenues 84 (807) (983) (1,740) Total revenues $ 3,076 $ 3,624 $ 8,816 $ 8,358 ______________ (1) Includes investment expenses charged by AB of $37 million and $110 million for the three and nine months ended September 30, 2024, respectively, and $35 million and $104 million for the three and nine months ended September 30, 2023, respectively, for services provided to the Company. (2) Inter-segment investment management and other fees of $(41) million and $(125) million for the three and nine months ended September 30, 2024, respectively, and $40 million and $120 million for the three and nine months ended September 30, 2023, respectively, are included in segment revenues of the Asset Management segment. (3) Inter-segment distribution fees of $212 million and $626 million for the three and nine months ended September 30, 2024, respectively, and $185 million and $553 million for the three and nine months ended September 30, 2023, respectively, are included in segment revenues of the Wealth Management segment. (4) Includes interest expense charged to AB of $5 million and $22 million for the three and nine months ended September 30, 2024, respectively, and $10 million and $29 million for the three and nine months ended September 30, 2023, respectively. Total assets by segment were as follows: September 30, 2024 December 31, 2023 (in millions) Total assets by segment: Individual Retirement $ 107,610 $ 93,500 Group Retirement 51,790 47,260 Asset Management 10,405 11,088 Protection Solutions 42,012 38,933 Wealth Management 291 144 Legacy 45,851 46,792 Corporate and Other 41,030 39,097 Total assets $ 298,989 $ 276,814

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
EARNINGS PER COMMON SHARE (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents a reconciliation of net income (loss) and weighted-average common shares used in calculating basic and diluted earnings per common share: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions, except per share data) Weighted-average common shares outstanding: Weighted-average common shares outstanding — basic 318.2 346.4 324.2 354.4 Effect of dilutive potential common shares: Employee share awards (1) — 1.6 3.5 1.4 Weighted-average common shares outstanding — diluted 318.2 348.0 327.7 355.9 Net income (loss): Net income (loss) $ 26 $ 1,135 $ 808 $ 2,232 Less: Net income (loss) attributable to the noncontrolling interest 160 71 400 232 Net income (loss) attributable to Holdings (134) 1,064 408 2,000 Less: Preferred stock dividends 14 14 54 54 Net income (loss) available to Holdings’ common shareholders $ (148) $ 1,050 $ 354 $ 1,946 Earnings per common share: Basic $ (0.47) $ 3.03 $ 1.09 $ 5.49 Diluted $ (0.47) $ 3.02 $ 1.08 $ 5.47 ______________ (1) Calculated using the treasury stock method.

HELD-FOR-SALE (Tables)

HELD-FOR-SALE (Tables)	9 Months Ended
HELD-FOR-SALE (Tables)	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities Held-for-sale	The following table summarizes the assets and liabilities classified as held-for-sale on the Company’s consolidated balance sheets: December 31, 2023 (1) (in millions) Cash and cash equivalents $ 153 Broker-dealer related receivables 107 Trading securities, at fair value 17 Goodwill and other intangible assets ,net 164 Other assets (2) 124 Total assets held-for-sale $ 565 Broker-dealer related payables $ 39 Customers related payables 17 Other liabilities 97 Total liabilities held-for-sale $ 153 ______________ (1) The assets and liabilities classified as held-for-sale are reported within our Asset Management segment. (2) Other assets includes a valuation adjustment decrease of $7 million as of December 31, 2023.

ORGANIZATION (Details)

ORGANIZATION (Details) - segment	9 Months Ended	12 Months Ended
ORGANIZATION (Details) - segment	Sep. 30, 2024	Dec. 31, 2023
Organization Basis Of Presentation [Line Items]
Number of operating segments	6
Alliance Bernstein
Organization Basis Of Presentation [Line Items]
Economic interest	62%	61%

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023		Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Investments		$ 114,246			$ 114,246				$ 102,173
Fixed maturities, at fair value using the fair value option	[1]	1,700			1,700				1,654
Notes issued by consolidated variable interest entities, at fair value using the fair value option	[1]	1,744			1,744				1,559
Unpaid outstanding balance and short-term borrowing		1,600			1,600				1,600
Assets		298,989			298,989				276,814
Liabilities		292,791			292,791				271,656
Redeemable noncontrolling interest		1,223	[1],[2]	$ 636	1,223	[1],[2]	$ 636	$ 1,088	770	[1],[2]	$ 531	$ 455
Increase (decrease) in other income		301		266	989		775
Increase (decrease) in remeasurement of liability for future policy benefits		(16)		(49)	(9)		(46)
Increase (decrease) in policyholders' benefit		663		693	2,007		2,107
Increase (decrease) in income (loss) from continuing operation, before income taxes		(14)		1,475	914		1,555
Increase (decrease) in net income (loss)		26		1,135	808		2,232
Assumption Updates
Variable Interest Entity [Line Items]
Increase (decrease) in other income		21		(9)	21		(9)
Increase (decrease) in remeasurement of liability for future policy benefits		18		51	18		51
Increase (decrease) in policyholders' benefit		(8)		(2)	(8)		(2)
Increase (decrease) purchased market risk benefits		(9)		(53)	(9)		(53)
Increase (decrease) in income (loss) from continuing operation, before income taxes		20		(5)	20		(5)
Increase (decrease) in net income (loss)		16		$ (4)	16		$ (4)
Variable Interest Entity, Primary Beneficiary \| CLO Warehouse Debt
Variable Interest Entity [Line Items]
Investments		112			112				113
Investment assets, special purpose entity		25			25
Consolidated Limited Partnerships
Variable Interest Entity [Line Items]
Assets		3,300			3,300				1,800
Consolidated Entity \| AB-Sponsored Investment Funds
Variable Interest Entity [Line Items]
Assets		221			221				309
Liabilities		4			4				10
Redeemable noncontrolling interest		121			121				203
Consolidated Entity, Excluding VIE \| AB-Sponsored Investment Funds
Variable Interest Entity [Line Items]
Assets		57			57				121
Liabilities		1			1				3
Redeemable noncontrolling interest		6			6				7
Non-consolidated Vairable Interest Entities
Variable Interest Entity [Line Items]
Investments		3,100			3,100				2,600
Assets		343,000			343,000				268,600
Variable interest entity, maximum loss exposure		3,100			3,100				2,600
Unfunded commitments		1,200			1,200				1,300
Non-consolidated Vairable Interest Entities \| AB-Sponsored Investment Funds
Variable Interest Entity [Line Items]
Variable interest entity, maximum loss exposure		18			18				10
Non-consolidated Vairable Interest Entities \| AB-Sponsored Investment Funds
Variable Interest Entity [Line Items]
Assets		$ 74,000			$ 74,000				$ 54,600

[1]See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.[2]See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details)	3 Months Ended		9 Months Ended		12 Months Ended
INVESTMENTS - Narrative (Details)	Sep. 30, 2024 USD ($) loan issue note	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) loan issue	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) issue loan extension
Net Investment Income [Line Items]
Number of positions in unrealized loss position \| issue	3,635		3,635		4,402
Debt securities exposure in single issuer greater than stated percentage of total investments	0.80%		0.80%
Amortized cost of fixed maturities available-for-sale	$ 81,681,000,000		$ 81,681,000,000		$ 74,033,000,000
12 months or longer, gross unrealized losses	6,275,000,000		6,275,000,000		7,261,000,000
Loaned securities	124,000,000		$ 124,000,000		113,000,000
Minimum requirement percentage of the fair value of the loaned securities to be held as cash collateral			102%
Cash collateral	127,000,000		$ 127,000,000		116,000,000
Allowance for credit losses	261,000,000	$ 209,000,000	261,000,000	$ 209,000,000	279,000,000
Non-accruing Loans	$ 69,000,000		$ 69,000,000		$ 253,000,000
Number of loans \| loan	0		1		4
Number of loans split into notes \| note	2
Number of notes with original loan terms \| note	1
Amortized cost	$ 65,000,000				$ 236,000,000
Percentage of total commercial mortgage loans representing amortized cost					1.50%
Number of troubled debt restructuring extensions \| extension					2
Separate account equity investment carrying value	60,000,000		$ 60,000,000		$ 49,000,000
Interest credited to policyholders account balances participating group annuity contracts	0	0	1,000,000	1,000,000
Recurring
Net Investment Income [Line Items]
Trading securities, at fair value	2,215,000,000		2,215,000,000		$ 1,057,000,000
Minimum
Net Investment Income [Line Items]
Debt instrument, term					17 months
Maximum
Net Investment Income [Line Items]
Debt instrument, term					4 years
Commercial, Agricultural And Residential Mortgage Loan
Net Investment Income [Line Items]
Accrued investment income receivable	$ 93,000,000		93,000,000		$ 82,000,000
Accrued interest written off			$ 0	0
Individually Assessed Mortgage Loans
Net Investment Income [Line Items]
Number of foreclosed mortgage loans \| loan	1		1
Amortized cost of foreclosed mortgage loans	$ 108,000,000		$ 108,000,000
Allowance for credit losses	54,000,000		54,000,000
Cost of wholly owned real estate re-acquired as a result of mortgage loan foreclosure	$ 56,000,000		$ 56,000,000
Number of mortgage loans, foreclosure probable \| loan	0		0		0
Mortgage Loans
Net Investment Income [Line Items]
Non-accruing Loans	$ 36,000,000		$ 36,000,000		$ 127,000,000
Fixed maturities
Net Investment Income [Line Items]
Accrued investment income receivable	684,000,000		684,000,000		626,000,000
Accrued interest written off	0	$ 0	0	$ 0
Amortized cost of fixed maturities available-for-sale	81,700,000,000		81,700,000,000		74,000,000,000
Fixed maturities \| Non-Investment Grade
Net Investment Income [Line Items]
Available-for-sale securities, amortized cost basis other than investment grade	$ 2,000,000,000		$ 2,000,000,000		$ 2,600,000,000
Percentage of available for sale securities	2.40%		2.40%		3.50%
Unrealized loss on available for sale securities	$ 58,000,000		$ 58,000,000		$ 101,000,000
Public Corporate
Net Investment Income [Line Items]
Exposure in single issuer of total investments	$ 400,000,000		$ 400,000,000		$ 360,000,000
Debt securities exposure in single issuer of total investments, percentage	8%		8%		8.20%
Amortized cost of fixed maturities available-for-sale	$ 53,453,000,000		$ 53,453,000,000		$ 49,786,000,000
12 months or longer, gross unrealized losses	$ 4,555,000,000		$ 4,555,000,000		$ 5,231,000,000

INVESTMENTS - Available-for-sal

INVESTMENTS - Available-for-sale Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 81,681		$ 81,681		$ 74,033
Allowance for Credit Losses	4		4		4
Gross Unrealized Gains	928		928		409
Gross Unrealized Losses	6,360		6,360		7,408
Fair Value	76,245		76,245		67,030
Amortized Cost (Less Allowance for Credit Losses)
Due in one year or less	2,458		2,458
Due in years two through five	14,437		14,437
Due in years six through ten	18,983		18,983
Due after ten years	24,541		24,541
Subtotal	60,419		60,419
Amortized Cost (Less Allowance for Credit Losses)	81,677		81,677
Fair Value
Due in one year or less	2,436		2,436
Due in years two through five	14,260		14,260
Due in years six through ten	18,566		18,566
Due after ten years	19,993		19,993
Subtotal	55,255		55,255
Fair Value	76,245		76,245		67,030
Fixed Maturities Proceeds Gross Gains And Gross Losses From Sales And Other Than Temporary Impairments
Proceeds from sales	461	$ 2,524	2,236	$ 5,579
Gross gains on sales	2	1	7	8
Gross losses on sales	(27)	(348)	(54)	(417)
Net (increase) decrease in Allowance for Credit and Intent to Sell losses	(2)	(1)	(7)	(64)
Fixed Maturities - Credit Loss Impairments
Balance, beginning of period	50	44	48	36
Previously recognized impairments on securities that matured, paid, prepaid or sold	3	(1)	(5)	(58)
Recognized impairments on securities impaired to fair value this period	0	0	0	52
Credit losses recognized this period on securities for which credit losses were not previously recognized	(1)	1	5	10
Additional credit losses this period on securities previously impaired	(2)	0	2	4
Balance, end of period	50	$ 44	50	$ 44
Corporate
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	53,453		53,453		49,786
Allowance for Credit Losses	4		4		4
Gross Unrealized Gains	705		705		320
Gross Unrealized Losses	4,630		4,630		5,360
Fair Value	49,524		49,524		44,742
Fair Value
Fair Value	49,524		49,524		44,742
U.S. government, agencies and authorities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,795		5,795		5,735
Allowance for Credit Losses	0		0		0
Gross Unrealized Gains	3		3		2
Gross Unrealized Losses	1,082		1,082		1,106
Fair Value	4,716		4,716		4,631
Fair Value
Fair Value	4,716		4,716		4,631
States and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	472		472		614
Allowance for Credit Losses	0		0		0
Gross Unrealized Gains	5		5		9
Gross Unrealized Losses	69		69		74
Fair Value	408		408		549
Fair Value
Fair Value	408		408		549
Foreign governments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	703		703		719
Allowance for Credit Losses	0		0		0
Gross Unrealized Gains	4		4		3
Gross Unrealized Losses	100		100		111
Fair Value	607		607		611
Fair Value
Fair Value	607		607		611
Residential mortgage-backed
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,934		3,934		2,470
Allowance for Credit Losses	0		0		0
Gross Unrealized Gains	51		51		18
Gross Unrealized Losses	97		97		133
Fair Value	3,888		3,888		2,355
Amortized Cost (Less Allowance for Credit Losses)
Without single maturity date	3,934		3,934
Fair Value
Without single maturity date	3,888		3,888
Fair Value	3,888		3,888		2,355
Asset-backed
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,290		13,290		11,058
Allowance for Credit Losses	0		0		0
Gross Unrealized Gains	142		142		52
Gross Unrealized Losses	45		45		109
Fair Value	13,387		13,387		11,001
Amortized Cost (Less Allowance for Credit Losses)
Without single maturity date	13,290		13,290
Fair Value
Without single maturity date	13,387		13,387
Fair Value	13,387		13,387		11,001
Commercial mortgage-backed
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,978		3,978		3,595
Allowance for Credit Losses	0		0		0
Gross Unrealized Gains	14		14		2
Gross Unrealized Losses	337		337		515
Fair Value	3,655		3,655		3,082
Amortized Cost (Less Allowance for Credit Losses)
Without single maturity date	3,978		3,978
Fair Value
Without single maturity date	3,655		3,655
Fair Value	3,655		3,655		3,082
Redeemable preferred stock
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	56		56		56
Allowance for Credit Losses	0		0		0
Gross Unrealized Gains	4		4		3
Gross Unrealized Losses	0		0		0
Fair Value	60		60		59
Amortized Cost (Less Allowance for Credit Losses)
Without single maturity date	56		56
Fair Value
Without single maturity date	60		60
Fair Value	$ 60		$ 60		$ 59

INVESTMENTS - Net Unrealized Ga

INVESTMENTS - Net Unrealized Gain (Losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Balance, beginning of period	$ 3,385	$ 5,260	$ 4,388	$ 3,141
Net unrealized investment gains (losses)	2,321	(1,828)	1,357	(857)
Balance, end of period	4,975	3,281	4,975	3,281
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Unrealized Investment Gains (Losses), All Other \| Net Unrealized Gains (Losses) on Investments
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Balance, beginning of period	(8,214)	(8,641)	(6,999)	(9,606)
Net investment gains (losses) arising during the period	2,759	(2,575)	1,521	(1,730)
Included in net income (loss)	28	348	54	474
Excluded from net income (loss)	0	0
Other	0	0	0	0
Impact of net unrealized investment gains (losses)	0	0	0	0
Balance, end of period	(5,432)	(10,867)	(5,432)	(10,867)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Unrealized Investment Gains (Losses), All Other \| Policyholders’ Liabilities
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Balance, beginning of period	67	36	50	41
Net investment gains (losses) arising during the period	0	0	0	0
Included in net income (loss)	0	0	0	0
Excluded from net income (loss)	0	0
Other	0	0	0	0
Impact of net unrealized investment gains (losses)	(17)	38	0	33
Balance, end of period	50	74	50	74
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Unrealized Investment Gains (Losses), All Other \| Deferred Income Tax Asset (Liability) (1)
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Balance, beginning of period	471	441	226	440
Net investment gains (losses) arising during the period	0	0	0	0
Included in net income (loss)	0	0	0	0
Excluded from net income (loss)	0	0
Other	120	(68)	113	135
Impact of net unrealized investment gains (losses)	(582)	460	(331)	257
Balance, end of period	10	833	10	833
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Unrealized Investment Gains (Losses), All Other \| AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1)
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Balance, beginning of period	(7,676)	(8,164)	(6,723)	(9,125)
Net investment gains (losses) arising during the period	2,759	(2,575)	1,521	(1,730)
Included in net income (loss)	28	348	54	474
Excluded from net income (loss)	0	0
Other	120	(68)	113	135
Impact of net unrealized investment gains (losses)	(599)	498	(331)	290
Balance, end of period	(5,372)	(9,960)	(5,372)	(9,960)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) excluding credit losses \| Net Unrealized Gains (Losses) on Investments
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	(5,427)	(10,868)	(5,424)	(10,862)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) excluding credit losses \| Policyholders’ Liabilities
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	50	74	50	74
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) excluding credit losses \| Deferred Income Tax Asset (Liability) (1)
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	9	833	8	832
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) excluding credit losses \| AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1)
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	(5,368)	(9,961)	(5,366)	(9,956)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) with credit losses \| Net Unrealized Gains (Losses) on Investments
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	(5)	1	(8)	(5)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) with credit losses \| Policyholders’ Liabilities
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	0	0	0	0
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) with credit losses \| Deferred Income Tax Asset (Liability) (1)
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	1	0	2	1
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent \| Net unrealized investment gains (losses) with credit losses \| AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses) (1)
Debt Securities, Available-For-Sale, Net Unrealized Investments [Roll Forward]
Net unrealized investment gains (losses)	$ (4)	$ 1	$ (6)	$ (4)

INVESTMENTS - Fixed Maturities

INVESTMENTS - Fixed Maturities Available-for-sale (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	$ 3,040	$ 3,194
Less than 12 months, gross unrealized losses	76	144
12 months or longer, fair value	39,930	47,821
12 months or longer, gross unrealized losses	6,275	7,261
Total fair value	42,970	51,015
Total gross unrealized losses	6,351	7,405
Corporate
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	2,007	2,228
Less than 12 months, gross unrealized losses	66	126
12 months or longer, fair value	29,946	33,135
12 months or longer, gross unrealized losses	4,555	5,231
Total fair value	31,953	35,363
Total gross unrealized losses	4,621	5,357
U.S. Treasury, government and agency
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	53	111
Less than 12 months, gross unrealized losses	0	2
12 months or longer, fair value	4,527	4,447
12 months or longer, gross unrealized losses	1,082	1,104
Total fair value	4,580	4,558
Total gross unrealized losses	1,082	1,106
States and political subdivisions
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	0	10
Less than 12 months, gross unrealized losses	0	0
12 months or longer, fair value	289	300
12 months or longer, gross unrealized losses	69	74
Total fair value	289	310
Total gross unrealized losses	69	74
Foreign governments
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	10	15
Less than 12 months, gross unrealized losses	1	2
12 months or longer, fair value	503	517
12 months or longer, gross unrealized losses	99	109
Total fair value	513	532
Total gross unrealized losses	100	111
Residential mortgage-backed
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	357	210
Less than 12 months, gross unrealized losses	1	2
12 months or longer, fair value	904	1,044
12 months or longer, gross unrealized losses	96	131
Total fair value	1,261	1,254
Total gross unrealized losses	97	133
Asset-backed
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	479	528
Less than 12 months, gross unrealized losses	1	1
12 months or longer, fair value	830	5,522
12 months or longer, gross unrealized losses	44	108
Total fair value	1,309	6,050
Total gross unrealized losses	45	109
Commercial mortgage-backed
Available-For-Sale Securities, Continuous Unrealized Loss Position [Line Items]
Less than 12 months, fair value	134	92
Less than 12 months, gross unrealized losses	7	11
12 months or longer, fair value	2,931	2,856
12 months or longer, gross unrealized losses	330	504
Total fair value	3,065	2,948
Total gross unrealized losses	$ 337	$ 515

INVESTMENTS - Mortgage Loans (D

INVESTMENTS - Mortgage Loans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Allowance for credit losses on mortgage loans:
Balance, beginning of period			$ 279
Balance, end of period	$ 261	$ 209	261	$ 209
Commercial mortgages:
Allowance for credit losses on mortgage loans:
Balance, beginning of period	222	140	272	123
Current-period provision for expected credit losses	22	63	47	80
Write-offs charged against the allowance	0	0	(75)	0
Recoveries of amounts previously written off	0	0	0	0
Net change in allowance	22	63	(28)	80
Balance, end of period	244	203	244	203
Agricultural mortgages:
Allowance for credit losses on mortgage loans:
Balance, beginning of period	9	5	6	6
Current-period provision for expected credit losses	4	1	7	0
Write-offs charged against the allowance	0	0	0	0
Recoveries of amounts previously written off	0	0	0	0
Net change in allowance	4	1	7	0
Balance, end of period	13	6	13	6
Residential mortgages:
Allowance for credit losses on mortgage loans:
Balance, beginning of period	3	0	1	0
Current-period provision for expected credit losses	1	0	3	0
Write-offs charged against the allowance	0	0	0	0
Recoveries of amounts previously written off	0	0	0	0
Net change in allowance	1	0	3	0
Balance, end of period	$ 4	$ 0	$ 4	$ 0

INVESTMENTS - Credit Quality (D

INVESTMENTS - Credit Quality (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	$ 19,498	$ 18,450
Total	19,429	18,197
Non-accruing Loans	69	253
Non-accruing Loans with No Allowance	0	0
Interest Income on Non-accruing Loans	0	7
Past Due
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	70	84
30-59 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	12	39
60-89 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	9	5
90 Days or More
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	49	40
Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	19,359	18,113
Commercial
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	782	1,481
Fiscal year before current fiscal year	1,511	3,277
Two years before current fiscal year	3,090	2,102
Three years before current fiscal year	2,095	1,362
Four years before current fiscal year	1,295	636
Prior	6,139	6,118
Revolving Loans Amortized Cost Basis	486	500
Revolving Loans Converted to Term Loans Amortized Cost Basis	407	131
Total	15,805	15,607
Total	15,772	15,373
Non-accruing Loans	33	234
Non-accruing Loans with No Allowance	0	0
Interest Income on Non-accruing Loans	0	7
Commercial \| Past Due
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	32
Commercial \| 30-59 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	32
Commercial \| 60-89 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	0
Commercial \| 90 Days or More
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	0
Commercial \| Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	15,772	15,341
Commercial \| Greater than 2.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	23	175
Fiscal year before current fiscal year	175	693
Two years before current fiscal year	646	1,125
Three years before current fiscal year	1,222	1,135
Four years before current fiscal year	917	249
Prior	3,440	3,273
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	6,423	6,650
Commercial \| 1.8x to 2.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	103	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	50	182
Three years before current fiscal year	208	167
Four years before current fiscal year	378	171
Prior	508	662
Revolving Loans Amortized Cost Basis	170	383
Revolving Loans Converted to Term Loans Amortized Cost Basis	278	96
Total	1,695	1,661
Commercial \| 1.5x to 1.8x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	87	80
Fiscal year before current fiscal year	141	1,060
Two years before current fiscal year	733	234
Three years before current fiscal year	146	0
Four years before current fiscal year	0	162
Prior	1,019	924
Revolving Loans Amortized Cost Basis	31	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	92	0
Total	2,249	2,460
Commercial \| 1.2x to 1.5x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	421	690
Fiscal year before current fiscal year	648	687
Two years before current fiscal year	1,124	457
Three years before current fiscal year	429	0
Four years before current fiscal year	0	11
Prior	556	838
Revolving Loans Amortized Cost Basis	0	41
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,178	2,724
Commercial \| 1.0x to 1.2x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	148	528
Fiscal year before current fiscal year	538	668
Two years before current fiscal year	366	38
Three years before current fiscal year	56	0
Four years before current fiscal year	0	43
Prior	479	317
Revolving Loans Amortized Cost Basis	285	76
Revolving Loans Converted to Term Loans Amortized Cost Basis	37	35
Total	1,909	1,705
Commercial \| Less than 1.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	0	8
Fiscal year before current fiscal year	9	169
Two years before current fiscal year	171	66
Three years before current fiscal year	34	60
Four years before current fiscal year	0	0
Prior	137	104
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	351	407
Commercial \| 0% - 50%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	0	249
Fiscal year before current fiscal year	285	164
Two years before current fiscal year	135	129
Three years before current fiscal year	157	35
Four years before current fiscal year	131	0
Prior	1,499	1,557
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,207	2,134
Commercial \| 50% - 70%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	741	924
Fiscal year before current fiscal year	989	1,916
Two years before current fiscal year	1,426	671
Three years before current fiscal year	632	750
Four years before current fiscal year	457	299
Prior	2,144	2,319
Revolving Loans Amortized Cost Basis	397	463
Revolving Loans Converted to Term Loans Amortized Cost Basis	407	96
Total	7,193	7,438
Commercial \| 70% - 90%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	41	308
Fiscal year before current fiscal year	237	1,197
Two years before current fiscal year	1,062	1,236
Three years before current fiscal year	1,148	523
Four years before current fiscal year	622	245
Prior	1,209	1,384
Revolving Loans Amortized Cost Basis	89	37
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	35
Total	4,408	4,965
Commercial \| 90% plus
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	467	66
Three years before current fiscal year	158	54
Four years before current fiscal year	85	92
Prior	1,287	858
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,997	1,070
Agricultural
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	169	162
Fiscal year before current fiscal year	159	308
Two years before current fiscal year	298	343
Three years before current fiscal year	334	436
Four years before current fiscal year	415	190
Prior	1,209	1,106
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,584	2,545
Total	2,548	2,526
Non-accruing Loans	36	19
Non-accruing Loans with No Allowance	0	0
Interest Income on Non-accruing Loans	0	0
Agricultural \| Past Due
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	70	52
Agricultural \| 30-59 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	12	7
Agricultural \| 60-89 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	9	5
Agricultural \| 90 Days or More
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	49	40
Agricultural \| Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	2,478	2,474
Agricultural \| Greater than 2.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	10	7
Fiscal year before current fiscal year	7	50
Two years before current fiscal year	42	36
Three years before current fiscal year	34	59
Four years before current fiscal year	58	20
Prior	179	179
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	330	351
Agricultural \| 1.8x to 2.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	12	18
Fiscal year before current fiscal year	17	16
Two years before current fiscal year	24	56
Three years before current fiscal year	54	33
Four years before current fiscal year	29	23
Prior	81	61
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	217	207
Agricultural \| 1.5x to 1.8x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	50	12
Fiscal year before current fiscal year	11	50
Two years before current fiscal year	49	31
Three years before current fiscal year	27	109
Four years before current fiscal year	120	17
Prior	180	193
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	437	412
Agricultural \| 1.2x to 1.5x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	32	46
Fiscal year before current fiscal year	46	111
Two years before current fiscal year	95	148
Three years before current fiscal year	139	170
Four years before current fiscal year	142	98
Prior	425	365
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	879	938
Agricultural \| 1.0x to 1.2x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	48	47
Fiscal year before current fiscal year	46	57
Two years before current fiscal year	64	68
Three years before current fiscal year	69	57
Four years before current fiscal year	58	26
Prior	313	284
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	598	539
Agricultural \| Less than 1.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	17	32
Fiscal year before current fiscal year	32	24
Two years before current fiscal year	24	4
Three years before current fiscal year	11	8
Four years before current fiscal year	8	6
Prior	31	24
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	123	98
Agricultural \| 0% - 50%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	33	102
Fiscal year before current fiscal year	102	162
Two years before current fiscal year	164	191
Three years before current fiscal year	191	235
Four years before current fiscal year	251	132
Prior	898	802
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,639	1,624
Agricultural \| 50% - 70%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	136	60
Fiscal year before current fiscal year	57	146
Two years before current fiscal year	134	152
Three years before current fiscal year	143	201
Four years before current fiscal year	164	58
Prior	295	288
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	929	905
Agricultural \| 70% - 90%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Prior	16	16
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	16	16
Agricultural \| 90% plus
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	0	0
Residential mortgages:
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	328	98
Fiscal year before current fiscal year	451	121
Two years before current fiscal year	189	74
Three years before current fiscal year	135	2
Four years before current fiscal year	4	1
Prior	2	2
Total	1,109	298
Total	1,109	298
Non-accruing Loans	0	0
Non-accruing Loans with No Allowance	0	0
Interest Income on Non-accruing Loans	0	0
Residential mortgages: \| Past Due
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	0
Residential mortgages: \| 30-59 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	0
Residential mortgages: \| 60-89 Days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	0
Residential mortgages: \| 90 Days or More
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	0	0
Residential mortgages: \| Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	1,109	298
Total commercial and agricultural mortgage loans:
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	951	1,643
Fiscal year before current fiscal year	1,670	3,585
Two years before current fiscal year	3,388	2,445
Three years before current fiscal year	2,429	1,798
Four years before current fiscal year	1,710	826
Prior	7,348	7,224
Revolving Loans Amortized Cost Basis	486	500
Revolving Loans Converted to Term Loans Amortized Cost Basis	407	131
Total	18,389	18,152
Total commercial and agricultural mortgage loans: \| Greater than 2.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	33	182
Fiscal year before current fiscal year	182	743
Two years before current fiscal year	688	1,161
Three years before current fiscal year	1,256	1,194
Four years before current fiscal year	975	269
Prior	3,619	3,452
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	6,753	7,001
Total commercial and agricultural mortgage loans: \| 1.8x to 2.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	115	18
Fiscal year before current fiscal year	17	16
Two years before current fiscal year	74	238
Three years before current fiscal year	262	200
Four years before current fiscal year	407	194
Prior	589	723
Revolving Loans Amortized Cost Basis	170	383
Revolving Loans Converted to Term Loans Amortized Cost Basis	278	96
Total	1,912	1,868
Total commercial and agricultural mortgage loans: \| 1.5x to 1.8x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	137	92
Fiscal year before current fiscal year	152	1,110
Two years before current fiscal year	782	265
Three years before current fiscal year	173	109
Four years before current fiscal year	120	179
Prior	1,199	1,117
Revolving Loans Amortized Cost Basis	31	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	92	0
Total	2,686	2,872
Total commercial and agricultural mortgage loans: \| 1.2x to 1.5x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	453	736
Fiscal year before current fiscal year	694	798
Two years before current fiscal year	1,219	605
Three years before current fiscal year	568	170
Four years before current fiscal year	142	109
Prior	981	1,203
Revolving Loans Amortized Cost Basis	0	41
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,057	3,662
Total commercial and agricultural mortgage loans: \| 1.0x to 1.2x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	196	575
Fiscal year before current fiscal year	584	725
Two years before current fiscal year	430	106
Three years before current fiscal year	125	57
Four years before current fiscal year	58	69
Prior	792	601
Revolving Loans Amortized Cost Basis	285	76
Revolving Loans Converted to Term Loans Amortized Cost Basis	37	35
Total	2,507	2,244
Total commercial and agricultural mortgage loans: \| Less than 1.0x
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	17	40
Fiscal year before current fiscal year	41	193
Two years before current fiscal year	195	70
Three years before current fiscal year	45	68
Four years before current fiscal year	8	6
Prior	168	128
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	474	505
Total commercial and agricultural mortgage loans: \| 0% - 50%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	33	351
Fiscal year before current fiscal year	387	326
Two years before current fiscal year	299	320
Three years before current fiscal year	348	270
Four years before current fiscal year	382	132
Prior	2,397	2,359
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,846	3,758
Total commercial and agricultural mortgage loans: \| 50% - 70%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	877	984
Fiscal year before current fiscal year	1,046	2,062
Two years before current fiscal year	1,560	823
Three years before current fiscal year	775	951
Four years before current fiscal year	621	357
Prior	2,439	2,607
Revolving Loans Amortized Cost Basis	397	463
Revolving Loans Converted to Term Loans Amortized Cost Basis	407	96
Total	8,122	8,343
Total commercial and agricultural mortgage loans: \| 70% - 90%
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	41	308
Fiscal year before current fiscal year	237	1,197
Two years before current fiscal year	1,062	1,236
Three years before current fiscal year	1,148	523
Four years before current fiscal year	622	245
Prior	1,225	1,400
Revolving Loans Amortized Cost Basis	89	37
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	35
Total	4,424	4,981
Total commercial and agricultural mortgage loans: \| 90% plus
Financing Receivable, before Allowance for Credit Loss [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	467	66
Three years before current fiscal year	158	54
Four years before current fiscal year	85	92
Prior	1,287	858
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	$ 1,997	$ 1,070

INVESTMENTS - Amortized Cost of

INVESTMENTS - Amortized Cost of Loans by Credit Quality Indicator and Origination Year (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost Basis by Origination Year
Total	$ 19,498	$ 18,450
Residential mortgages:
Amortized Cost Basis by Origination Year
Current fiscal year	328	98
Fiscal year before current fiscal year	451	121
Two years before current fiscal year	189	74
Three years before current fiscal year	135	2
Four years before current fiscal year	4	1
Prior	2	2
Total	1,109	298
Residential mortgages: \| Performing
Amortized Cost Basis by Origination Year
Current fiscal year	328	98
Fiscal year before current fiscal year	451	121
Two years before current fiscal year	189	74
Three years before current fiscal year	135	2
Four years before current fiscal year	4	1
Prior	2	2
Total	1,109	298
Residential mortgages: \| Nonperforming
Amortized Cost Basis by Origination Year
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Prior	0	0
Total	$ 0	$ 0

INVESTMENTS - Equity Securities

INVESTMENTS - Equity Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net investment gains (losses) recognized during the period on securities held at the end of the period	$ 30	$ (5)	$ 39	$ (3)
Net investment gains (losses) recognized on securities sold during the period	(1)	(6)	1	(9)
Unrealized and realized gains (losses) on equity securities	$ 29	$ (11)	$ 40	$ (12)

INVESTMENTS - Trading Securitie

INVESTMENTS - Trading Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net investment gains (losses) recognized during the period on securities held at the end of the period	$ 70	$ (26)	$ 112	$ 20
Net investment gains (losses) recognized on securities sold during the period	1	(1)	2	(3)
Unrealized and realized gains (losses) on trading securities	71	(27)	114	17
Interest and dividend income from trading securities	23	8	55	20
Net investment income (loss) from trading securities	$ 94	$ (19)	$ 169	$ 37

INVESTMENTS - Fixed Maturitie_2

INVESTMENTS - Fixed Maturities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net investment gains (losses) recognized during the period on securities held at the end of the period	$ (10)	$ 4	$ (15)	$ 23
Net investment gains (losses) recognized on securities sold during the period	0	(5)	3	(19)
Unrealized and realized gains (losses) from fixed maturities	(10)	(1)	(12)	4
Interest and dividend income from fixed maturities	8	3	36	7
Net investment income (loss) from fixed maturities	$ (2)	$ 2	$ 24	$ 11

INVESTMENTS - Net Investment In

INVESTMENTS - Net Investment Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Investment Income [Line Items]
Gross investment income (loss)	$ 1,344	$ 1,101	$ 3,788	$ 3,181
Investment expenses	(35)	(30)	(94)	(84)
Net investment income (loss)	1,309	1,071	3,694	3,097
Fixed maturities
Net Investment Income [Line Items]
Gross investment income (loss)	897	788	2,560	2,254
Mortgage loans on real estate
Net Investment Income [Line Items]
Gross investment income (loss)	245	224	718	599
Other equity investments
Net Investment Income [Line Items]
Gross investment income (loss)	68	33	120	63
Policy loans
Net Investment Income [Line Items]
Gross investment income (loss)	57	55	167	158
Trading securities
Net Investment Income [Line Items]
Gross investment income (loss)	94	(19)	169	37
Other investment income
Net Investment Income [Line Items]
Gross investment income (loss)	(15)	18	30	59
Fixed maturities, at fair value using the fair value option
Net Investment Income [Line Items]
Gross investment income (loss)	$ (2)	$ 2	$ 24	$ 11

INVESTMENTS - Investment Gains

INVESTMENTS - Investment Gains (Losses), Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Investment Income [Line Items]
Investment gains (losses), net	$ (46)	$ (411)	$ (101)	$ (554)
Fixed maturities
Net Investment Income [Line Items]
Investment gains (losses), net	(27)	(348)	(54)	(475)
Mortgage loans on real estate
Net Investment Income [Line Items]
Investment gains (losses), net	(26)	(63)	(58)	(80)
Other
Net Investment Income [Line Items]
Investment gains (losses), net	$ 7	$ 0	$ 11	$ 1

DERIVATIVES - Derivatives by Ca

DERIVATIVES - Derivatives by Category (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Total derivative instruments
Derivatives, Fair Value [Line Items]
Notional Amount	$ 111,148	$ 92,217
Derivative Assets	20,742	14,035
Derivative Liabilities	36,019	23,577
Net Derivatives	(15,277)	(9,542)
Designated for Hedge Accounting \| Cash Flow Hedge
Derivatives, Fair Value [Line Items]
Notional Amount	3,948	3,310
Derivative Assets	92	79
Derivative Liabilities	451	401
Net Derivatives	(359)	(322)
Designated for Hedge Accounting \| Cash Flow Hedge \| Currency swaps
Derivatives, Fair Value [Line Items]
Notional Amount	2,996	2,358
Derivative Assets	92	79
Derivative Liabilities	112	90
Net Derivatives	(20)	(11)
Designated for Hedge Accounting \| Cash Flow Hedge \| Interest swaps
Derivatives, Fair Value [Line Items]
Notional Amount	952	952
Derivative Assets	0	0
Derivative Liabilities	339	311
Net Derivatives	(339)	(311)
Not Designated for Hedge Accounting
Derivatives, Fair Value [Line Items]
Notional Amount	107,200	88,907
Derivative Assets	20,650	13,956
Derivative Liabilities	19,307	12,431
Net Derivatives	1,343	1,525
Not Designated for Hedge Accounting \| Currency swaps
Derivatives, Fair Value [Line Items]
Notional Amount	870	823
Derivative Assets	0	0
Derivative Liabilities	14	27
Net Derivatives	(14)	(27)
Not Designated for Hedge Accounting \| Interest swaps
Derivatives, Fair Value [Line Items]
Notional Amount	2,921	2,887
Derivative Assets	20	118
Derivative Liabilities	31	2
Net Derivatives	(11)	116
Not Designated for Hedge Accounting \| Futures
Derivatives, Fair Value [Line Items]
Notional Amount	10,206	7,877
Derivative Assets	0	0
Derivative Liabilities	3	4
Net Derivatives	(3)	(4)
Not Designated for Hedge Accounting \| Swaps
Derivatives, Fair Value [Line Items]
Notional Amount	15,456	15,021
Derivative Assets	61	53
Derivative Liabilities	11	10
Net Derivatives	50	43
Not Designated for Hedge Accounting \| Options
Derivatives, Fair Value [Line Items]
Notional Amount	68,354	53,927
Derivative Assets	19,823	13,213
Derivative Liabilities	4,552	3,129
Net Derivatives	15,271	10,084
Not Designated for Hedge Accounting \| Futures
Derivatives, Fair Value [Line Items]
Notional Amount	9,086	8,094
Derivative Assets	0	0
Derivative Liabilities	0	0
Net Derivatives	0	0
Not Designated for Hedge Accounting \| Credit default swaps
Derivatives, Fair Value [Line Items]
Notional Amount	279	242
Derivative Assets	7	9
Derivative Liabilities	7	6
Net Derivatives	0	3
Not Designated for Hedge Accounting \| Currency forwards
Derivatives, Fair Value [Line Items]
Notional Amount	28	36
Derivative Assets	16	20
Derivative Liabilities	16	21
Net Derivatives	0	(1)
Not Designated for Hedge Accounting \| Margin
Derivatives, Fair Value [Line Items]
Notional Amount	0	0
Derivative Assets	598	468
Derivative Liabilities	0	0
Net Derivatives	598	468
Not Designated for Hedge Accounting \| Collateral
Derivatives, Fair Value [Line Items]
Notional Amount	0	0
Derivative Assets	125	75
Derivative Liabilities	14,673	9,232
Net Derivatives	(14,548)	(9,157)
Not Designated for Hedge Accounting \| Total embedded derivatives
Derivatives, Fair Value [Line Items]
Notional Amount	0	0
Derivative Assets	0	0
Derivative Liabilities	16,261	10,745
Net Derivatives	(16,261)	(10,745)
Not Designated for Hedge Accounting \| SCS, SIO, MSO and IUL Indexed Features
Derivatives, Fair Value [Line Items]
Notional Amount	0	0
Derivative Assets	0	0
Derivative Liabilities	16,261	10,745
Net Derivatives	$ (16,261)	$ (10,745)

DERIVATIVES - Financial Stateme

DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	$ (714)	$ 615	$ (2,298)	$ (1,143)
Net Investment Income	1,309	1,071	3,694	3,097
Total derivative instruments
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(714)	615	(2,298)	(1,143)
Net Investment Income	5	2	(1)	8
Interest Credited To Policyholders Account Balances	42	8	19	(59)
AOCI	(65)	41	(21)	71
Not Designated for Hedge Accounting
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	827	(463)	3,674	2,045
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Currency swaps
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(42)	28	(29)	9
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Interest swaps
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	143	(288)	(110)	(297)
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Futures
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	85	(28)	376	(187)
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Swaps
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(737)	666	(1,951)	(645)
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Options
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	1,385	(868)	5,406	3,133
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Futures
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(5)	26	(16)	36
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Credit default swaps
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(1)	0	(2)	(5)
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Currency forwards
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(1)	1	0	1
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| Margin
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	0		0
Net Investment Income	0		0
Interest Credited To Policyholders Account Balances	0		0
AOCI	0		0
Not Designated for Hedge Accounting \| Collateral
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	0		0
Net Investment Income	0		0
Interest Credited To Policyholders Account Balances	0		0
AOCI	0		0
Not Designated for Hedge Accounting \| Total embedded derivatives
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(1,533)	1,082	(5,965)	(3,173)
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Not Designated for Hedge Accounting \| SCS, SIO, MSO and IUL Indexed Features
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(1,533)	1,082	(5,965)	(3,173)
Net Investment Income	0	0	0	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	0	0	0	0
Cash Flow Hedge \| Designated for Hedge Accounting
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(8)	(4)	(7)	(15)
Net Investment Income	5	2	(1)	8
Interest Credited To Policyholders Account Balances	42	8	19	(59)
AOCI	(65)	41	(21)	71
Cash Flow Hedge \| Designated for Hedge Accounting \| Currency swaps
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	(8)	(12)	(7)	(2)
Net Investment Income	2	2	10	8
Interest Credited To Policyholders Account Balances	42	8	19	(59)
AOCI	(60)	14	(22)	41
Cash Flow Hedge \| Designated for Hedge Accounting \| Interest swaps
Derivatives, Fair Value [Line Items]
Net Derivatives Gain (Losses)	0	8	0	(13)
Net Investment Income	3	0	(11)	0
Interest Credited To Policyholders Account Balances	0	0	0	0
AOCI	$ (5)	$ 27	$ 1	$ 30

DERIVATIVES - Rollforward for C

DERIVATIVES - Rollforward for Cash Flows Hedges in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period			$ 2,649
Balance, ending of the period	$ 3,220		3,220
Cash Flow Hedges Recognized in AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	13	$ 52	(31)	$ 22
Amount recorded in AOCI	(24)	14	(22)	(8)
Amount reclassified from (to) income to AOCI	(41)	27	1	79
Balance, ending of the period	(52)	93	(52)	93
Cash Flow Hedges Recognized in AOCI \| Currency swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Amount recorded in AOCI	(17)	(17)	1	(12)
Amount reclassified from (to) income to AOCI	(43)	31	(23)	53
Cash Flow Hedges Recognized in AOCI \| Interest swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Amount recorded in AOCI	(7)	31	(23)	4
Amount reclassified from (to) income to AOCI	$ 2	$ (4)	$ 24	$ 26

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Cash and securities collateral for derivative contract	$ 14,700	$ 9,200
Cash and securities collateral	125	75
S&P 500, Nasdaq, Russell 2000 And Emerging Market Indices
Derivative [Line Items]
Initial margin requirement	492	369
U.S. Treasury Notes, U.S. Treasury Bonds And Ultra-Long Bonds
Derivative [Line Items]
Initial margin requirement	126	120
Euro Stoxx, FTSE100, Topix, ASX200 and EAFE Indices
Derivative [Line Items]
Initial margin requirement	$ 14	$ 14

DERIVATIVES - Offsetting of Fin

DERIVATIVES - Offsetting of Financial Assets and Liabilities and Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives
Assets:
Gross Amount Recognized	$ 20,743	$ 14,036
Gross Amount Offset in the Balance Sheets	15,756	9,543
Net Amount Presented in the Balance Sheets	4,987	4,493
Gross Amount not Offset in the Balance Sheets	(3,991)	(3,254)
Net Amount	996	1,239
Liabilities:
Gross Amount Recognized	15,767	9,579
Gross Amount Offset in the Balance Sheets	15,756	9,543
Net Amount Presented in the Balance Sheets	11	36
Gross Amount not Offset in the Balance Sheets	0	0
Net Amount	11	36
Secured lending
Assets:
Gross Amount Recognized	127	116
Gross Amount Offset in the Balance Sheets	0	0
Net Amount Presented in the Balance Sheets	127	116
Gross Amount not Offset in the Balance Sheets	0	0
Net Amount	127	116
Liabilities:
Gross Amount Recognized	127	116
Gross Amount Offset in the Balance Sheets	0	0
Net Amount Presented in the Balance Sheets	127	116
Gross Amount not Offset in the Balance Sheets	0	0
Net Amount	127	116
Other financial assets
Assets:
Gross Amount Recognized	1,711	2,110
Gross Amount Offset in the Balance Sheets	0	0
Net Amount Presented in the Balance Sheets	1,711	2,110
Gross Amount not Offset in the Balance Sheets	0	0
Net Amount	1,711	2,110
Other invested assets
Assets:
Gross Amount Recognized	22,581	16,262
Gross Amount Offset in the Balance Sheets	15,756	9,543
Net Amount Presented in the Balance Sheets	6,825	6,719
Gross Amount not Offset in the Balance Sheets	(3,991)	(3,254)
Net Amount	2,834	3,465
Other financial liabilities
Liabilities:
Gross Amount Recognized	6,507	5,936
Gross Amount Offset in the Balance Sheets	0	0
Net Amount Presented in the Balance Sheets	6,507	5,936
Gross Amount not Offset in the Balance Sheets	0	0
Net Amount	6,507	5,936
Other liabilities
Liabilities:
Gross Amount Recognized	22,401	15,631
Gross Amount Offset in the Balance Sheets	15,756	9,543
Net Amount Presented in the Balance Sheets	6,645	6,088
Gross Amount not Offset in the Balance Sheets	0	0
Net Amount	$ 6,645	$ 6,088

CLOSED BLOCK - Closed Block Sum

CLOSED BLOCK - Closed Block Summarized Financial Information (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Closed Block Liabilities:
Future policy benefits, policyholders’ account balances and other	$ 5,271	$ 5,461
Other liabilities	57	57
Total Closed Block liabilities	5,328	5,518
Assets Designated to the Closed Block:
Fixed maturities AFS, at fair value (amortized cost of $2,862 and $2,945) (allowance for credit losses of $0 and $0)	2,785	2,800
Mortgage loans on real estate (net of allowance for credit losses of $15 and $13)	1,541	1,612
Policy loans	534	554
Cash and other invested assets	79	58
Other assets	117	150
Total assets designated to the Closed Block	5,056	5,174
Excess of Closed Block liabilities over assets designated to the Closed Block	272	344
Amounts included in AOCI:
Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $0 and $0; and net of income tax: $16 and $31	(61)	(115)
Maximum future earnings to be recognized from Closed Block assets and liabilities	211	229
Amortized cost of fixed maturity AFS	2,862	2,945
Allowance for credit losses of fixed maturities AFS	0	0
Allowance for credit losses of mortgage loans on real estates	15	13
Policy holders' dividend obligations on net unrealized investment gains (losses)	0	0
Income tax on net unrealized investment gains (losses)	$ 16	$ 31

CLOSED BLOCK - Closed Block Rev

CLOSED BLOCK - Closed Block Revenues and Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Premiums and other income	$ 26	$ 27	$ 81	$ 86
Net investment income (loss)	51	53	154	156
Investment gains (losses), net	(2)	(6)	(3)	(6)
Total revenues	75	74	232	236
Benefits and Other Deductions:
Policyholders’ benefits and dividends	69	79	210	237
Other operating costs and expenses	0	0	0	0
Total benefits and other deductions	69	79	210	237
Net income (loss), before income taxes	6	(5)	22	(1)
Income tax (expense) benefit	(2)	2	(5)	0
Net income (loss)	$ 4	$ (3)	$ 17	$ (1)

DAC AND OTHER DEFERRED ASSETS_3

DAC AND OTHER DEFERRED ASSETS/LIABILITIES - Reconciliation of DAC (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	$ 7,031	$ 6,705
Protection Solutions \| Term
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	320	337	$ 344	$ 362
Protection Solutions \| Universal Life
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	171	174	175	179
Protection Solutions \| Variable Universal Life
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	1,055	987	956	889
Protection Solutions \| Indexed Universal Life
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	187	188	187	185
Individual Retirement \| GMxB Core
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	1,594	1,602	1,605	1,625
Individual Retirement \| EQUI-VEST Individual
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	155	155	155	156
Individual Retirement \| Investment Edge
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	211	172	167	148
Individual Retirement \| SCS
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	1,840	1,571	1,489	1,279
Legacy Segment \| GMxB Legacy
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	527	555	564	593
Group Retirement \| EQUI-VEST Group
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	758	742	730	710
Group Retirement \| Momentum
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	84	82	83	89
Corporate & Other \| Corporate and Other
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	109	116	$ 119	$ 127
Corporate & Other \| Other
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	$ 20	$ 24

DAC AND OTHER DEFERRED ASSETS_4

DAC AND OTHER DEFERRED ASSETS/LIABILITIES - DAC Costs (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	$ 6,705
Balance, end of year	7,031
Other
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Amortization	(4)	$ (3)
Corporate Segment
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	6,681	6,342
Capitalization	851	701
Amortization	(521)	(469)
Balance, end of year	7,011	6,574
Protection Solutions \| Term
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	337	362
Capitalization	10	11
Amortization	(27)	(29)
Balance, end of year	320	344
Protection Solutions \| UL
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	174	179
Capitalization	6	5
Amortization	(9)	(9)
Balance, end of year	171	175
Protection Solutions \| VUL
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	987	889
Capitalization	114	109
Amortization	(46)	(42)
Balance, end of year	1,055	956
Protection Solutions \| IUL
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	188	185
Capitalization	8	10
Amortization	(9)	(8)
Balance, end of year	187	187
Individual Retirement \| GMxB Core
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	1,602	1,625
Capitalization	104	87
Amortization	(112)	(107)
Balance, end of year	1,594	1,605
Individual Retirement \| EI
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	155	156
Capitalization	9	8
Amortization	(9)	(9)
Balance, end of year	155	155
Individual Retirement \| IE
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	172	148
Capitalization	51	30
Amortization	(12)	(11)
Balance, end of year	211	167
Individual Retirement \| SCS
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	1,571	1,279
Capitalization	473	364
Amortization	(204)	(154)
Balance, end of year	1,840	1,489
Legacy Segment \| GMxB Legacy
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	555	593
Capitalization	19	19
Amortization	(47)	(48)
Balance, end of year	527	564
Group Retirement \| EG
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	742	710
Capitalization	49	51
Amortization	(33)	(31)
Balance, end of year	758	730
Group Retirement \| Momentum
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	82	89
Capitalization	8	7
Amortization	(6)	(13)
Balance, end of year	84	83
Corporate & Other \| CB
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	116	127
Capitalization	0	0
Amortization	(7)	(8)
Balance, end of year	$ 109	$ 119

DAC AND OTHER DEFERRED ASSETS_5

DAC AND OTHER DEFERRED ASSETS/LIABILITIES - DAC Credits (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
GMxB Core
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of year	$ 127	$ 137
Capitalization	2	2
Amortization	(9)	(9)
Balance, end of year	120	130
GMxB Legacy
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of year	179	200
Capitalization	0	0
Amortization	(15)	(16)
Balance, end of year	164	184
UL
Movement in Deferred Revenue [Roll Forward]
Balance, beginning of period	107	95
Capitalization	12	14
Amortization	(6)	(5)
Balance, end of period	113	104
VUL
Movement in Deferred Revenue [Roll Forward]
Balance, beginning of period	754	684
Capitalization	99	86
Amortization	(36)	(34)
Balance, end of period	817	736
IUL
Movement in Deferred Revenue [Roll Forward]
Balance, beginning of period	210	157
Capitalization	42	49
Amortization	(11)	(8)
Balance, end of period	$ 241	$ 198

FAIR VALUE DISCLOSURES - Assets

FAIR VALUE DISCLOSURES - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Investments
Fixed maturities, AFS:		$ 76,245	$ 67,030
Fixed maturities, at fair value using the fair value option	[1]	1,700	1,654
Liabilities:
Notes issued by consolidated VIE's, at fair value using the fair value option	[1]	1,744	1,559
Liability for market risk benefits		13,197	14,612
Accrued interest payable for notes issued by consolidated variable interest entity		15	20
Carrying Value \| Other liabilities
Investments
Other equity investments		17	4
U.S. Treasury, government and agency
Investments
Fixed maturities, AFS:		4,716	4,631
States and political subdivisions
Investments
Fixed maturities, AFS:		408	549
Foreign governments
Investments
Fixed maturities, AFS:		607	611
Residential mortgage-backed
Investments
Fixed maturities, AFS:		3,888	2,355
Asset-backed
Investments
Fixed maturities, AFS:		13,387	11,001
Commercial mortgage-backed
Investments
Fixed maturities, AFS:		3,655	3,082
Redeemable preferred stock
Investments
Fixed maturities, AFS:		60	59
Recurring
Investments
Fixed maturities, AFS:		76,245	67,030
Fixed maturities, at fair value using the fair value option		1,700	1,654
Other equity investments		629	735
Trading securities		2,215	1,057
Other invested assets:		15,284	10,736
Cash equivalents		8,275	6,595
Segregated securities		547	868
Purchased market risk benefits		8,492	9,427
Assets for market risk benefits		740	591
Separate Accounts assets		136,861	126,723
Total Assets		250,988	225,416
Liabilities:
Notes issued by consolidated VIE's, at fair value using the fair value option		1,729	1,539
Liability for market risk benefits		13,197	14,612
Contingent payment arrangements		129	253
Total Liabilities		31,316	27,152
Recurring \| Variable Interest Entity, Primary Beneficiary
Liabilities:
Guarantees		0	3
Recurring \| Corporate
Investments
Fixed maturities, AFS:		49,524	44,742
Recurring \| U.S. Treasury, government and agency
Investments
Fixed maturities, AFS:		4,716	4,631
Recurring \| States and political subdivisions
Investments
Fixed maturities, AFS:		408	549
Recurring \| Foreign governments
Investments
Fixed maturities, AFS:		607	611
Recurring \| Residential mortgage-backed
Investments
Fixed maturities, AFS:		3,888	2,355
Recurring \| Asset-backed
Investments
Fixed maturities, AFS:		13,387	11,001
Recurring \| Commercial mortgage-backed
Investments
Fixed maturities, AFS:		3,655	3,082
Recurring \| Redeemable preferred stock
Investments
Fixed maturities, AFS:		60	59
Recurring \| Short-term investments
Investments
Other invested assets:		81	429
Recurring \| Assets of consolidated VIEs/VOEs
Investments
Other invested assets:		269	414
Recurring \| Swaps
Investments
Other invested assets:		(334)	(190)
Recurring \| Credit default swaps
Investments
Other invested assets:		0	3
Recurring \| Futures
Investments
Other invested assets:		(3)	(4)
Recurring \| Options
Investments
Other invested assets:		15,271	10,084
Recurring \| SCS, SIO, MSO and IUL indexed features’ liability
Liabilities:
Guarantees		16,261	10,745
Recurring \| Level 1
Investments
Fixed maturities, AFS:		0	0
Fixed maturities, at fair value using the fair value option		0	0
Other equity investments		243	217
Trading securities		432	321
Other invested assets:		14	57
Cash equivalents		6,941	5,901
Segregated securities		0	0
Purchased market risk benefits		0	0
Assets for market risk benefits		0	0
Separate Accounts assets		134,337	124,099
Total Assets		141,967	130,595
Liabilities:
Notes issued by consolidated VIE's, at fair value using the fair value option		0	0
Liability for market risk benefits		0	0
Contingent payment arrangements		0	0
Total Liabilities		0	1
Recurring \| Level 1 \| Variable Interest Entity, Primary Beneficiary
Liabilities:
Guarantees		0	1
Recurring \| Level 1 \| Corporate
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| U.S. Treasury, government and agency
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| States and political subdivisions
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| Foreign governments
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| Residential mortgage-backed
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| Asset-backed
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| Commercial mortgage-backed
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| Redeemable preferred stock
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 1 \| Short-term investments
Investments
Other invested assets:		0	0
Recurring \| Level 1 \| Assets of consolidated VIEs/VOEs
Investments
Other invested assets:		17	61
Recurring \| Level 1 \| Swaps
Investments
Other invested assets:		0	0
Recurring \| Level 1 \| Credit default swaps
Investments
Other invested assets:		0	0
Recurring \| Level 1 \| Futures
Investments
Other invested assets:		(3)	(4)
Recurring \| Level 1 \| Options
Investments
Other invested assets:		0	0
Recurring \| Level 1 \| SCS, SIO, MSO and IUL indexed features’ liability
Liabilities:
Guarantees		0	0
Recurring \| Level 2
Investments
Fixed maturities, AFS:		73,725	64,791
Fixed maturities, at fair value using the fair value option		1,388	1,473
Other equity investments		332	464
Trading securities		1,725	675
Other invested assets:		15,268	10,676
Cash equivalents		1,334	694
Segregated securities		547	868
Purchased market risk benefits		0	0
Assets for market risk benefits		0	0
Separate Accounts assets		2,524	2,624
Total Assets		96,843	82,265
Liabilities:
Notes issued by consolidated VIE's, at fair value using the fair value option		1,561	1,539
Liability for market risk benefits		0	0
Contingent payment arrangements		0	0
Total Liabilities		17,822	12,286
Recurring \| Level 2 \| Variable Interest Entity, Primary Beneficiary
Liabilities:
Guarantees		0	2
Recurring \| Level 2 \| Corporate
Investments
Fixed maturities, AFS:		47,075	42,584
Recurring \| Level 2 \| U.S. Treasury, government and agency
Investments
Fixed maturities, AFS:		4,716	4,631
Recurring \| Level 2 \| States and political subdivisions
Investments
Fixed maturities, AFS:		408	522
Recurring \| Level 2 \| Foreign governments
Investments
Fixed maturities, AFS:		607	611
Recurring \| Level 2 \| Residential mortgage-backed
Investments
Fixed maturities, AFS:		3,888	2,355
Recurring \| Level 2 \| Asset-backed
Investments
Fixed maturities, AFS:		13,324	10,954
Recurring \| Level 2 \| Commercial mortgage-backed
Investments
Fixed maturities, AFS:		3,647	3,075
Recurring \| Level 2 \| Redeemable preferred stock
Investments
Fixed maturities, AFS:		60	59
Recurring \| Level 2 \| Short-term investments
Investments
Other invested assets:		81	429
Recurring \| Level 2 \| Assets of consolidated VIEs/VOEs
Investments
Other invested assets:		250	350
Recurring \| Level 2 \| Swaps
Investments
Other invested assets:		(334)	(190)
Recurring \| Level 2 \| Credit default swaps
Investments
Other invested assets:		0	3
Recurring \| Level 2 \| Futures
Investments
Other invested assets:		0	0
Recurring \| Level 2 \| Options
Investments
Other invested assets:		15,271	10,084
Recurring \| Level 2 \| SCS, SIO, MSO and IUL indexed features’ liability
Liabilities:
Guarantees		16,261	10,745
Recurring \| Level 3
Investments
Fixed maturities, AFS:		2,520	2,239
Fixed maturities, at fair value using the fair value option		312	181
Other equity investments		54	54
Trading securities		58	61
Other invested assets:		2	3
Cash equivalents		0	0
Segregated securities		0	0
Purchased market risk benefits		8,492	9,427
Assets for market risk benefits		740	591
Separate Accounts assets		0	0
Total Assets		12,178	12,556
Liabilities:
Notes issued by consolidated VIE's, at fair value using the fair value option		168	0
Liability for market risk benefits		13,197	14,612
Contingent payment arrangements		129	253
Total Liabilities		13,494	14,865
Recurring \| Level 3 \| Variable Interest Entity, Primary Beneficiary
Liabilities:
Guarantees		0	0
Recurring \| Level 3 \| Corporate
Investments
Fixed maturities, AFS:		2,449	2,158
Recurring \| Level 3 \| U.S. Treasury, government and agency
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 3 \| States and political subdivisions
Investments
Fixed maturities, AFS:		0	27
Recurring \| Level 3 \| Foreign governments
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 3 \| Residential mortgage-backed
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 3 \| Asset-backed
Investments
Fixed maturities, AFS:		63	47
Recurring \| Level 3 \| Commercial mortgage-backed
Investments
Fixed maturities, AFS:		8	7
Recurring \| Level 3 \| Redeemable preferred stock
Investments
Fixed maturities, AFS:		0	0
Recurring \| Level 3 \| Short-term investments
Investments
Other invested assets:		0	0
Recurring \| Level 3 \| Assets of consolidated VIEs/VOEs
Investments
Other invested assets:		2	3
Recurring \| Level 3 \| Swaps
Investments
Other invested assets:		0	0
Recurring \| Level 3 \| Credit default swaps
Investments
Other invested assets:		0	0
Recurring \| Level 3 \| Futures
Investments
Other invested assets:		0	0
Recurring \| Level 3 \| Options
Investments
Other invested assets:		0	0
Recurring \| Level 3 \| SCS, SIO, MSO and IUL indexed features’ liability
Liabilities:
Guarantees		0	0
Recurring \| NAV
Investments
Separate Accounts assets		$ 329	$ 371

[1]See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.

FAIR VALUE DISCLOSURES - Narrat

FAIR VALUE DISCLOSURES - Narrative (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Fair Value Inputs Assets Quantitative Information [Line Items]
Change in purchased market risk benefit asset fair value	$ 509		$ 687
AFS fixed maturities transferred from Level 3 to Level 2	168	$ 489
AFS fixed maturities transferred from Level 2 to Level 3	$ 128	$ 29
Percentage of total equity representing AFS fixed maturities transferred	5.90%	15.80%
Nonrecurring \| Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Investments, fair value	$ 1,800		$ 1,100

FAIR VALUE DISCLOSURES - Fair V

FAIR VALUE DISCLOSURES - Fair Value Measurement Reconciliation for All Levels (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Total gains and (losses), realized and unrealized, included in:
Other	$ 0	$ 0
Transfers into level 3			$ 128	$ 29
Transfers out of level 3			(168)	(489)
Level 3 \| Corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	2,518	2,037	2,158	2,121
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	2	1	6	4
Investment gains (losses), net	(1)	(5)	(3)	(16)
Subtotal	1	(4)	3	(12)
Other comprehensive income (loss)	37	5	48	15
Purchases	318	163	1,075	539
Sales	(366)	(53)	(787)	(215)
Settlements	0	0	0	0
Other			0	0
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	(30)	(11)	27	0
Transfers out of level 3	(29)	(34)	(75)	(345)
Balance, end of period	2,449	2,103	2,449	2,103
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	0	0	0	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	36	5	47	9
Level 3 \| States and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	0	27	27	28
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	0	0	0	0
Investment gains (losses), net	0	0	0	0
Subtotal	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Purchases	0	0	0	0
Sales	0	(1)	0	(2)
Settlements	0	0	0	0
Other			0	0
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers out of level 3	0	0	(27)	0
Balance, end of period	0	26	0	26
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	0	0	0	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	0	0	0	0
Level 3 \| Asset-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	57	0	47	0
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	0	0	0	0
Investment gains (losses), net	0	0	0	0
Subtotal	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Purchases	14	10	60	10
Sales	(8)	0	(30)	0
Settlements	0	0	0	0
Other			0	0
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers out of level 3	0	0	(14)	0
Balance, end of period	63	10	63	10
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	0	0	0	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	0	0	0	0
Level 3 \| RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period		0		34
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)		0		0
Investment gains (losses), net		0		0
Subtotal		0		0
Other comprehensive income (loss)		(1)		(1)
Purchases		40		40
Sales		0		0
Settlements		0		0
Other				0
Activity related to consolidated VIEs/VOEs		0		0
Transfers into level 3		0		0
Transfers out of level 3		0		(34)
Balance, end of period		39		39
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period		0		0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period		0		(1)
Level 3 \| CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	7	34	7	32
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	0	0	0	0
Investment gains (losses), net	0	0	0	0
Subtotal	0	0	0	0
Other comprehensive income (loss)	1	0	1	(1)
Purchases	0	(1)	0	19
Sales	0	17	0	0
Settlements	0	0	0	0
Other			0	0
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers out of level 3	0	0	0	0
Balance, end of period	8	50	8	50
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	0	0	0	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	0	0	0	(1)
Level 3 \| Fixed maturities, at FVO
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	224	217	181	224
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	2	7	6	6
Investment gains (losses), net	1	1	1	(1)
Subtotal	3	8	7	5
Other comprehensive income (loss)	0	0	0	0
Purchases	114	1	161	75
Sales	(53)	(8)	(86)	(43)
Settlements	0	0	0	0
Other	0	0	0	0
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	22	(78)	101	29
Transfers out of level 3	2	40	(52)	(110)
Balance, end of period	312	180	312	180
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	20	7	20	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	(31)	0	0	4
Level 3 \| Other equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	59	105	57	17
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	1	0	2	(3)
Investment gains (losses), net	0	0	0	0
Subtotal	1	0	2	(3)
Other comprehensive income (loss)	0	0	0	0
Purchases	(4)	0	0	44
Sales	1	0	(2)	0
Settlements	0	0	0	0
Other	0	0	0	0
Activity related to consolidated VIEs/VOEs	(1)	1	(1)	48
Transfers into level 3	0	0	0	0
Transfers out of level 3	0	0	0	0
Balance, end of period	56	106	56	106
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	1	0	2	(3)
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	0	0	0	0
Level 3 \| Trading Securities, at Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	57	56	61	55
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	0	0	0	0
Investment gains (losses), net	1	0	(3)	0
Subtotal	1	0	(3)	0
Other comprehensive income (loss)	0	0	0	0
Purchases	0	14	0	0
Sales	0	0	0	15
Settlements	0	0	0	0
Other	0	0	0	0
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers out of level 3	0	0	0	0
Balance, end of period	58	70	58	70
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	0	0	(4)	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	0	0	0	0
Level 3 \| Separate Accounts Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	0	1	0	1
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	0	0	0	0
Investment gains (losses), net	0	0	0	0
Subtotal	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers out of level 3	0	0	0	0
Balance, end of period	0	1	0	1
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	0	0	0	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	0	0	0	0
Level 3 \| Contingent Payment Arrangement
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	(255)	(250)	(253)	(247)
Total gains and (losses), realized and unrealized, included in:
Net investment income (loss)	0	0	0	0
Investment gains (losses), net	0	0	0	0
Subtotal	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	3	1
Other	126	(2)	121	(6)
Activity related to consolidated VIEs/VOEs	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers out of level 3	0	0	0	0
Balance, end of period	(129)	(252)	(129)	(252)
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period	0	0	0	0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period	$ 0	$ 0	$ 0	$ 0

FAIR VALUE DISCLOSURES - Quanti

FAIR VALUE DISCLOSURES - Quantitative Information about Level 3 (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liability for market risk benefits	$ 13,197	$ 14,612
Assets for market risk benefits	740	591
Level 3 \| Discounted cash flow \| Alliance Bernstein
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
AB Contingent consideration payable	$ 129	$ 253
Level 3 \| Discounted cash flow \| Discount Rate \| Minimum \| Alliance Bernstein
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected revenue growth and discount rate	0.019	0.019
Level 3 \| Discounted cash flow \| Discount Rate \| Maximum \| Alliance Bernstein
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected revenue growth and discount rate	0.104	0.104
Level 3 \| Discounted cash flow \| Discount Rate \| Weighted Average \| Alliance Bernstein
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected revenue growth and discount rate	0.051	0.046
Level 3 \| Discounted cash flow \| Expected Revenue Growth Rate \| Minimum \| Alliance Bernstein
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected revenue growth and discount rate	(0.022)	0.020
Level 3 \| Discounted cash flow \| Expected Revenue Growth Rate \| Maximum \| Alliance Bernstein
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected revenue growth and discount rate	0.293	0.839
Level 3 \| Discounted cash flow \| Expected Revenue Growth Rate \| Weighted Average \| Alliance Bernstein
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected revenue growth and discount rate	0.086	0.103
Level 3 \| Corporate \| Matrix pricing model
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of fixed maturities AFS	$ 399	$ 373
Level 3 \| Corporate \| Matrix pricing model \| Spread over Benchmark \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0020	0.0020
Level 3 \| Corporate \| Matrix pricing model \| Spread over Benchmark \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0295	0.0747
Level 3 \| Corporate \| Matrix pricing model \| Spread over Benchmark \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0131	0.0181
Level 3 \| Corporate \| Market comparable companies
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of fixed maturities AFS	$ 704	$ 979
Level 3 \| Corporate \| Market comparable companies \| EBITDA Multiples \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	4	3.3
Level 3 \| Corporate \| Market comparable companies \| EBITDA Multiples \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	36.5	29
Level 3 \| Corporate \| Market comparable companies \| EBITDA Multiples \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	12.5	13.6
Level 3 \| Corporate \| Market comparable companies \| Discount Rate \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.078	0
Level 3 \| Corporate \| Market comparable companies \| Discount Rate \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.171	0.228
Level 3 \| Corporate \| Market comparable companies \| Discount Rate \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.034	0.039
Level 3 \| Corporate \| Market comparable companies \| Cash Flow Multiples \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.7	0.8
Level 3 \| Corporate \| Market comparable companies \| Cash Flow Multiples \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	11.8	10
Level 3 \| Corporate \| Market comparable companies \| Cash Flow Multiples \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	4.2	6.3
Level 3 \| Corporate \| Market comparable companies \| Loan to Value \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	(0.016)	0.034
Level 3 \| Corporate \| Market comparable companies \| Loan to Value \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.651	0.610
Level 3 \| Corporate \| Market comparable companies \| Loan to Value \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.144	0.138
Level 3 \| Trading Securities, at Fair Value \| Discounted cash flow
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of fixed maturities AFS	$ 58	$ 61
Discount years	7 years	7 years
Level 3 \| Trading Securities, at Fair Value \| Discounted cash flow \| Earnings/Revenue Multiple
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	9.1	9.1
Level 3 \| Trading Securities, at Fair Value \| Discounted cash flow \| Discount Factor
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.100	0.1000
Level 3 \| Other equity investments \| Discounted cash flow
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of fixed maturities AFS	$ 0	$ 2
Level 3 \| Other equity investments \| Discounted cash flow \| Earnings/Revenue Multiple \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0	3.9
Level 3 \| Other equity investments \| Discounted cash flow \| Earnings/Revenue Multiple \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0	8.4
Level 3 \| Other equity investments \| Discounted cash flow \| Earnings/Revenue Multiple \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0	6.5
Level 3 \| Purchased MRB asset \| Discounted cash flow
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of fixed maturities AFS	$ 8,492	$ 9,427
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Lapse Rate \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0024	0.0021
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Lapse Rate \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.1305	0.1238
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Lapse Rate \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0195	0.0179
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Withdrawal Rate \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0006	0.0007
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Withdrawal Rate \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.1165	0.1497
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Withdrawal Rate \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0052	0.0046
Level 3 \| Purchased MRB asset \| Discounted cash flow \| GMIB Utilization Rate \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0004	0.0004
Level 3 \| Purchased MRB asset \| Discounted cash flow \| GMIB Utilization Rate \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.6670	0.6621
Level 3 \| Purchased MRB asset \| Discounted cash flow \| GMIB Utilization Rate \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0656	0.0744
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Non-Performance Risk \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0033	0.0035
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Non-Performance Risk \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0096	0.0097
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Non-Performance Risk \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0036	0.0045
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Volatility Rate - Equity \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.12	0.11
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Volatility Rate - Equity \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.30	0.28
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Volatility Rate - Equity \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.24	0.23
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Mortality \| Ages 0 - 40 \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0001	0.0001
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Mortality \| Ages 0 - 40 \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0017	0.0018
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Mortality \| Ages 0 - 40 \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0315	0.0307
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Mortality \| Ages 41 - 60 \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0006	0.0007
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Mortality \| Ages 41 - 60 \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0052	0.0053
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Mortality \| Ages 61 - 115 \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.0032	0.0033
Level 3 \| Purchased MRB asset \| Discounted cash flow \| Mortality \| Ages 61 - 115 \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage measurement input of equity securities	0.4120	0.4200
Level 3 \| Direct MRB \| Discounted cash flow
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Direct MRB	$ 12,457	$ 14,021
Level 3 \| Direct MRB \| Discounted cash flow \| Lapse Rate \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0024	0.0021
Level 3 \| Direct MRB \| Discounted cash flow \| Lapse Rate \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.3618	0.2937
Level 3 \| Direct MRB \| Discounted cash flow \| Lapse Rate \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0336	0.0307
Level 3 \| Direct MRB \| Discounted cash flow \| Withdrawal Rate \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0	0
Level 3 \| Direct MRB \| Discounted cash flow \| Withdrawal Rate \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.1165	0.1497
Level 3 \| Direct MRB \| Discounted cash flow \| Withdrawal Rate \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0066	0.0064
Level 3 \| Direct MRB \| Discounted cash flow \| Non-Performance Risk
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0111	0.0118
Level 3 \| Direct MRB \| Discounted cash flow \| Non-Performance Risk \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0111	0.0118
Level 3 \| Direct MRB \| Discounted cash flow \| Mortality \| Ages 0 - 40 \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0001	0.0001
Level 3 \| Direct MRB \| Discounted cash flow \| Mortality \| Ages 0 - 40 \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0017	0.0018
Level 3 \| Direct MRB \| Discounted cash flow \| Mortality \| Ages 0 - 40 \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0294	0.0250
Level 3 \| Direct MRB \| Discounted cash flow \| Mortality \| Ages 41 - 60 \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0006	0.0007
Level 3 \| Direct MRB \| Discounted cash flow \| Mortality \| Ages 41 - 60 \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0052	0.0053
Level 3 \| Direct MRB \| Discounted cash flow \| Mortality \| Ages 61 - 115 \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0032	0.0033
Level 3 \| Direct MRB \| Discounted cash flow \| Mortality \| Ages 61 - 115 \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.4120	0.4200
Level 3 \| Direct MRB \| Discounted cash flow \| Annuitization Rate \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0004	0.0004
Level 3 \| Direct MRB \| Discounted cash flow \| Annuitization Rate \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	1	1
Level 3 \| Direct MRB \| Discounted cash flow \| Annuitization Rate \| Weighted Average
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement input of servicing liability	0.0520	0.0538

FAIR VALUE DISCLOSURES - Carryi

FAIR VALUE DISCLOSURES - Carrying Values and Fair Values of Financial Instruments (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Consolidated Amounts [Abstract]
Mortgage loans on real estate	[1]	$ 19,237	$ 18,171
Policy loans		4,293	4,158
Policyholders’ liabilities: Investment contracts		107,433	95,673
Separate Accounts liabilities		137,407	127,251
Carrying Value
Consolidated Amounts [Abstract]
Mortgage loans on real estate		19,237	18,171
Policy loans		4,293	4,158
Policyholders’ liabilities: Investment contracts		2,076	1,663
FHLB funding agreements		7,167	7,618
FABN funding agreements		5,795	6,267
Funding agreement-backed commercial paper (FABCP)		73	939
Long-term debt		3,831	3,820
Separate Accounts liabilities		11,993	10,715
Fair Value
Consolidated Amounts [Abstract]
Mortgage loans on real estate		18,112	16,471
Policy loans		4,664	4,485
Policyholders’ liabilities: Investment contracts		2,058	1,634
FHLB funding agreements		7,126	7,567
FABN funding agreements		5,567	5,840
Funding agreement-backed commercial paper (FABCP)		75	948
Long-term debt		3,894	3,742
Separate Accounts liabilities		11,993	10,715
Fair Value \| Level 1
Consolidated Amounts [Abstract]
Mortgage loans on real estate		0	0
Policy loans		0	0
Policyholders’ liabilities: Investment contracts		0	0
FHLB funding agreements		0	0
FABN funding agreements		0	0
Funding agreement-backed commercial paper (FABCP)		0	0
Long-term debt		0	0
Separate Accounts liabilities		0	0
Fair Value \| Level 2
Consolidated Amounts [Abstract]
Mortgage loans on real estate		0	0
Policy loans		0	0
Policyholders’ liabilities: Investment contracts		0	0
FHLB funding agreements		7,126	7,567
FABN funding agreements		5,567	5,840
Funding agreement-backed commercial paper (FABCP)		75	948
Long-term debt		3,894	3,742
Separate Accounts liabilities		0	0
Fair Value \| Level 3
Consolidated Amounts [Abstract]
Mortgage loans on real estate		18,112	16,471
Policy loans		4,664	4,485
Policyholders’ liabilities: Investment contracts		2,058	1,634
FHLB funding agreements		0	0
FABN funding agreements		0	0
Funding agreement-backed commercial paper (FABCP)		0	0
Long-term debt		0	0
Separate Accounts liabilities		$ 11,993	$ 10,715

[1]See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.

LIABILITIES FOR FUTURE POLICY_3

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS - Policyholder Account Balance And Liability For Unpaid Claims And Claims Adjustment Expense (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	$ 17,936	$ 17,363
Future policyholder benefits total
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	15,852	15,414
Subtotal
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	9,661	9,000
Term
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	1,367	1,348
Payout
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	5,103	4,464
Group Pension - Benefit Reserve & DPL
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	487	490
Health
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	1,448	1,505
UL
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	1,256	1,193
Whole Life Closed Block and Open Block products
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	5,259	5,444
Other
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	932	970
Other policyholder funds and dividends payable
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits and other policyholders' liabilities	$ 2,084	$ 1,949

LIABILITIES FOR FUTURE POLICY_4

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS - Policyholder Account Balance (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected Future Policy Benefits
Liability for future policy benefits	$ 17,936		$ 17,363
Term
Present Value of Expected Future Policy Benefits
Liability for future policy benefits	1,367		1,348
Payout
Present Value of Expected Future Policy Benefits
Liability for future policy benefits	5,103		4,464
Group Pension
Present Value of Expected Future Policy Benefits
Liability for future policy benefits	487		490
Health
Present Value of Expected Future Policy Benefits
Liability for future policy benefits	1,448		1,505
Operating Segments \| Protection Solutions \| Term
Present Value of Expected Net Premiums
Balance, beginning of period	2,133	$ 2,100
Beginning balance at original discount rate	2,058	2,078
Effect of changes in cash flow assumptions			21	$ 32
Effect of actual variances from expected experience			(79)	(14)
Adjusted beginning of period balance			2,000	2,096
Issuances	40	49
Interest accrual	73	75
Net premiums collected	(139)	(147)
Ending Balance at original discount rate	1,974	2,073
Effect of changes in discount rate assumptions	79	(82)
Balance, end of period	2,053	1,991
Present Value of Expected Future Policy Benefits
Balance, beginning of period	3,480	3,465
Beginning balance of original discount rate	3,330	3,391
Effect of changes in cash flow assumptions			39	40
Effect of actual variances from expected experience			(101)	(16)
Adjusted beginning of period balance			3,268	3,415
Issuances	43	53
Interest accrual	123	126
Benefits payments	(182)	(254)
Ending Balance at original discount rate	3,252	3,340
Effect of changes in discount rate assumptions	167	(84)
Balance, end of period	3,419	3,256
Impact of flooring LFPB at zero	1	1
Liability for future policy benefits	1,367	1,266
Less: Reinsurance recoverable	3	25
Net liability for future policy benefits, after reinsurance recoverable	$ 1,370	$ 1,291
Weighted-average duration of liability for future policyholder benefits (years)	6 years 9 months 18 days	7 years 1 month 6 days
Operating Segments \| Individual Retirement \| Payout
Present Value of Expected Net Premiums
Balance, beginning of period	$ 0	$ 0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of period balance			0	0
Issuances	0	0
Interest accrual	0	0
Net premiums collected	0	0
Ending Balance at original discount rate	0	0
Effect of changes in discount rate assumptions	0	0
Balance, end of period	0	0
Present Value of Expected Future Policy Benefits
Balance, beginning of period	4,464	3,517
Beginning balance of original discount rate	4,680	3,869
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			(1)	1
Adjusted beginning of period balance			4,679	3,870
Issuances	765	771
Interest accrual	131	94
Benefits payments	(342)	(268)
Ending Balance at original discount rate	5,233	4,467
Effect of changes in discount rate assumptions	(130)	(486)
Balance, end of period	5,103	3,981
Impact of flooring LFPB at zero	0	0
Liability for future policy benefits	5,103	3,981
Less: Reinsurance recoverable	(1,299)	(777)
Net liability for future policy benefits, after reinsurance recoverable	$ 3,804	$ 3,204
Weighted-average duration of liability for future policyholder benefits (years)	7 years 9 months 18 days	8 years 1 month 6 days
Corporate and Other \| Group Pension
Present Value of Expected Net Premiums
Balance, beginning of period	$ 0	$ 0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of period balance			0	0
Issuances	0	0
Interest accrual	0	0
Net premiums collected	0	0
Ending Balance at original discount rate	0	0
Effect of changes in discount rate assumptions	0	0
Balance, end of period	0	0
Present Value of Expected Future Policy Benefits
Balance, beginning of period	490	523
Beginning balance of original discount rate	536	583
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			2	0
Adjusted beginning of period balance			538	583
Issuances	21	0
Interest accrual	14	15
Benefits payments	(47)	(50)
Ending Balance at original discount rate	526	548
Effect of changes in discount rate assumptions	(39)	(73)
Balance, end of period	487	475
Impact of flooring LFPB at zero	0	0
Liability for future policy benefits	487	475
Less: Reinsurance recoverable	0	0
Net liability for future policy benefits, after reinsurance recoverable	$ 487	$ 475
Weighted-average duration of liability for future policyholder benefits (years)	7 years	7 years 1 month 6 days
Corporate and Other \| Health
Present Value of Expected Net Premiums
Balance, beginning of period	$ (21)	$ (5)
Beginning balance at original discount rate	(22)	(5)
Effect of changes in cash flow assumptions			(3)	(8)
Effect of actual variances from expected experience			(5)	(6)
Adjusted beginning of period balance			(30)	(19)
Issuances	0	0
Interest accrual	(1)	(1)
Net premiums collected	3	2
Ending Balance at original discount rate	(28)	(18)
Effect of changes in discount rate assumptions	1	1
Balance, end of period	(27)	(17)
Present Value of Expected Future Policy Benefits
Balance, beginning of period	1,484	1,553
Beginning balance of original discount rate	1,672	1,795
Effect of changes in cash flow assumptions			0	(12)
Effect of actual variances from expected experience			(12)	(5)
Adjusted beginning of period balance			$ 1,660	$ 1,778
Issuances	0	0
Interest accrual	41	43
Benefits payments	(122)	(111)
Ending Balance at original discount rate	1,579	1,710
Effect of changes in discount rate assumptions	(158)	(290)
Balance, end of period	1,421	1,420
Impact of flooring LFPB at zero	0	0
Liability for future policy benefits	1,448	1,437
Less: Reinsurance recoverable	(1,136)	(1,145)
Net liability for future policy benefits, after reinsurance recoverable	$ 312	$ 292
Weighted-average duration of liability for future policyholder benefits (years)	8 years 6 months	8 years 8 months 12 days

LIABILITIES FOR FUTURE POLICY_5

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS - Schedule of Liability for Future Policy Benefits, Undiscounted and Discounted Expected Gross Premiums and Expected Future Benefits and Expenses (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Term
Liability for Future Policy Benefit, Activity [Line Items]
Expected future benefit payments and expenses (undiscounted)	$ 5,691	$ 5,878
Expected future gross premiums (undiscounted)	6,679	6,979
Expected future benefit payments and expenses (discounted; AOCI basis)	3,420	3,480
Expected future gross premiums (discounted; AOCI basis)	3,747	3,879
Payout
Liability for Future Policy Benefit, Activity [Line Items]
Expected future benefit payments and expenses (undiscounted)	7,464	6,630
Expected future gross premiums (undiscounted)	0	0
Expected future benefit payments and expenses (discounted; AOCI basis)	4,995	4,350
Expected future gross premiums (discounted; AOCI basis)	0	0
Group Pension
Liability for Future Policy Benefit, Activity [Line Items]
Expected future benefit payments and expenses (undiscounted)	627	668
Expected future gross premiums (undiscounted)	0	0
Expected future benefit payments and expenses (discounted; AOCI basis)	470	471
Expected future gross premiums (discounted; AOCI basis)	0	0
Health
Liability for Future Policy Benefit, Activity [Line Items]
Expected future benefit payments and expenses (undiscounted)	2,177	2,318
Expected future gross premiums (undiscounted)	75	85
Expected future benefit payments and expenses (discounted; AOCI basis)	1,405	1,468
Expected future gross premiums (discounted; AOCI basis)	$ 60	$ 68

LIABILITIES FOR FUTURE POLICY_6

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS - Schedule of Liability for Future Policy Benefits, Revenue and Interest Accretion (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premium	$ 464	$ 347
Interest Accretion	257	212
Term
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premium	254	206
Interest Accretion	50	50
Payout
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premium	201	135
Interest Accretion	153	103
Group Pension
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premium	0	0
Interest Accretion	13	15
Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premium	9	6
Interest Accretion	$ 41	$ 44

LIABILITIES FOR FUTURE POLICY_7

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS - Schedule of Liability for Future Policy Benefits, Weighted Average Interest Rates (Details)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	4.50%		4.50%
Term
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	5.60%	5.60%
Current discount rate	4.60%	4.80%
Payout
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	4.40%	4.20%
Current discount rate	4.70%	4.90%
Group Pension
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	3.30%	3.30%
Current discount rate	4.60%	4.80%
Health
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	3.40%	3.40%
Current discount rate	4.80%	4.90%

LIABILITIES FOR FUTURE POLICY_8

LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS - Balances of and Changes in Additional Liabilities Related to Insurance Guarantees (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected Future Policy Benefits
Net liability for additional liability	$ 17,936		$ 17,363
Weighted Average Interest Rate	4.50%	4.50%
Assessments
Present Value of Expected Future Policy Benefits
Revenue and Interest Accretion	$ 499	$ 487
Interest Accretion
Present Value of Expected Future Policy Benefits
Revenue and Interest Accretion	41	$ 38
UL
Present Value of Expected Future Policy Benefits
Net liability for additional liability	$ 1,256		1,193
Weighted Average Interest Rate	4.50%	4.50%
UL \| Assessments
Present Value of Expected Future Policy Benefits
Revenue and Interest Accretion	$ 499	$ 487
UL \| Interest Accretion
Present Value of Expected Future Policy Benefits
Revenue and Interest Accretion	41	38
Protection Solutions \| UL
Present Value of Expected Future Policy Benefits
Balance, beginning of period	1,193	1,109
Beginning balance before AOCI adjustments	1,230	1,135
Effect of changes in interest rate & cash flow assumptions and model changes			17	$ (12)
Effect of actual variances from expected experience			(2)	14
Adjusted beginning of period balance			$ 1,245	$ 1,137
Interest accrual	41	38
Net assessments collected	53	50
Benefits payments	(44)	(39)
Ending balance before shadow reserve adjustments	1,295	1,186
Effect of reserve adjustment recorded in AOCI	(39)	(55)
Balance, end of period	1,256	1,131
Net liability for additional liability	1,256	1,131
Less: Reinsurance recoverable	0	0
Net liability for future policy benefits, after reinsurance recoverable	$ 1,256	$ 1,131
Weighted-average duration of additional liability - death benefit (years)	19 years 8 months 12 days	19 years 2 months 12 days

MARKET RISK BENEFITS - Changes

MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Individual Retirement \| GMxB Core
Market Risk Benefit [Roll Forward]
Balance, beginning of period	$ 404	$ 131	$ 590	$ 530
Balance BOP before changes in the instrument specific credit risk	119	351	322	529
Model changes and effect of changes in cash flow assumptions	88	20	86	20
Actual market movement effect	(195)	202	(359)	(128)
Interest accrual	13	22	44	60
Attributed fees accrued	99	100	305	306
Benefit payments	(10)	(11)	(31)	(35)
Actual policyholder behavior different from expected behavior	10	7	24	19
Changes in future economic assumptions	164	(411)	(101)	(488)
Issuances	0	0	(2)	(3)
Balance EOP before changes in the instrument-specific credit risk	288	280	288	280
Changes in the instrument-specific credit risk	279	38	279	38
Balance, end of period	$ 567	$ 318	$ 567	$ 318
Weighted-average age of policyholders (years)	65 years 1 month 6 days	64 years 2 months 12 days	65 years 1 month 6 days	64 years 2 months 12 days
Net amount at risk	$ 2,606	$ 3,598	$ 2,606	$ 3,598
Legacy \| GMxB Legacy
Market Risk Benefit [Roll Forward]
Balance, beginning of period	11,418	12,720	13,418	14,699
Balance BOP before changes in the instrument specific credit risk	10,898	14,142	13,028	15,314
Model changes and effect of changes in cash flow assumptions	(70)	(11)	(78)	(11)
Actual market movement effect	(596)	718	(1,339)	(662)
Interest accrual	141	213	455	604
Attributed fees accrued	201	212	599	630
Benefit payments	(301)	(322)	(933)	(1,008)
Actual policyholder behavior different from expected behavior	(8)	(13)	(31)	1
Changes in future economic assumptions	1,098	(2,609)	(338)	(2,538)
Issuances	0	0	0	0
Balance EOP before changes in the instrument-specific credit risk	11,363	12,330	11,363	12,330
Changes in the instrument-specific credit risk	541	(349)	541	(349)
Balance, end of period	$ 11,904	$ 11,981	$ 11,904	$ 11,981
Weighted-average age of policyholders (years)	73 years 6 months	72 years 10 months 24 days	73 years 6 months	72 years 10 months 24 days
Net amount at risk	$ 18,977	$ 23,123	$ 18,977	$ 23,123
Legacy \| Purchased MRB
Market Risk Benefit [Roll Forward]
Balance, beginning of period	(7,989)	(9,923)	(9,420)	(10,415)
Balance BOP before changes in the instrument specific credit risk	(7,970)	(9,827)	(9,387)	(10,358)
Model changes and effect of changes in cash flow assumptions	(25)	(33)	125	(33)
Actual market movement effect	302	(300)	700	402
Interest accrual	(105)	(150)	(328)	(437)
Attributed fees accrued	(63)	(66)	(199)	(207)
Benefit payments	174	190	505	560
Actual policyholder behavior different from expected behavior	(2)	(2)	(3)	(28)
Changes in future economic assumptions	(771)	1,511	127	1,424
Issuances	0	0	0	0
Balance EOP before changes in the instrument-specific credit risk	(8,460)	(8,677)	(8,460)	(8,677)
Changes in the instrument-specific credit risk	(28)	(61)	(28)	(61)
Balance, end of period	$ (8,488)	$ (8,738)	$ (8,488)	$ (8,738)
Weighted-average age of policyholders (years)	73 years	72 years 6 months	73 years	72 years 6 months
Net amount at risk	$ 10,159	$ 12,188	$ 10,159	$ 12,188
Legacy \| Net Legacy
Market Risk Benefit [Roll Forward]
Balance, beginning of period	3,429	2,797	3,998	4,284
Balance BOP before changes in the instrument specific credit risk	2,928	4,315	3,641	4,956
Model changes and effect of changes in cash flow assumptions	(95)	(44)	47	(44)
Actual market movement effect	(294)	418	(639)	(260)
Interest accrual	36	63	127	167
Attributed fees accrued	138	146	400	423
Benefit payments	(127)	(132)	(428)	(448)
Actual policyholder behavior different from expected behavior	(10)	(15)	(34)	(27)
Changes in future economic assumptions	327	(1,098)	(211)	(1,114)
Issuances	0	0	0	0
Balance EOP before changes in the instrument-specific credit risk	2,903	3,653	2,903	3,653
Changes in the instrument-specific credit risk	513	(410)	513	(410)
Balance, end of period	$ 3,416	$ 3,243	$ 3,416	$ 3,243

MARKET RISK BENEFITS - Reconcil

MARKET RISK BENEFITS - Reconciles Market Risk Benefits (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Market Risk Benefit [Line Items]
Direct Asset	$ (740)	$ (591)
Direct Liability	13,197	14,612
Net Direct MRB	12,457	14,021
Purchased MRB	(8,492)	(9,427)
Total	3,965	4,594
Individual Retirement \| GMxB Core
Market Risk Benefit [Line Items]
Direct Asset	(476)	(418)
Direct Liability	1,043	1,008
Net Direct MRB	567	590
Purchased MRB	0	0
Total	567	590
Legacy \| GMxB Legacy
Market Risk Benefit [Line Items]
Direct Asset	(170)	(102)
Direct Liability	12,074	13,520
Net Direct MRB	11,904	13,418
Purchased MRB	(8,488)	(9,420)
Total	3,416	3,998
Other
Market Risk Benefit [Line Items]
Direct Asset	(94)	(71)
Direct Liability	80	84
Net Direct MRB	(14)	13
Purchased MRB	(4)	(7)
Total	$ (18)	$ 6

POLICYHOLDER ACCOUNT BALANCES -

POLICYHOLDER ACCOUNT BALANCES - Reconciliation of Policyholders Account Balances to Policyholders' Account Balance Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Balance (exclusive of Funding Agreements)	$ 94,369		$ 94,369		$ 80,783
Funding Agreements	13,064		13,064		14,890
Balance, end of period	107,433		107,433		95,673
Interest credited to policyholders’ account balances	708	$ 556	1,879	$ 1,520
Protection Solutions \| Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 5,095	$ 5,236	$ 5,095	$ 5,236	5,202	$ 5,340
Weighted-average crediting rate	3.81%	3.75%	3.81%	3.75%
Premiums received			$ 490	$ 528
Policy charges			(537)	(572)
Surrenders and withdrawals			(62)	(57)
Benefit payments			(163)	(169)
Net transfers from (to) General Account			0	0
Interest credited to policyholders’ account balances			165	166
Other			0	0
Protection Solutions \| Variable Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 4,967	$ 4,807	$ 4,967	$ 4,807	4,862	4,909
Weighted-average crediting rate	3.70%	3.70%	3.70%	3.70%
Premiums received			$ 91	$ 107
Policy charges			(196)	(190)
Surrenders and withdrawals			(30)	(33)
Benefit payments			(58)	(84)
Net transfers from (to) General Account			139	(53)
Interest credited to policyholders’ account balances			159	151
Other			0	0
Legacy Segment \| GMxB Legacy
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 239	$ 325	$ 239	$ 325	293	382
Weighted-average crediting rate	2.74%	2.71%	2.74%	2.71%
Premiums received			$ 3	$ 8
Policy charges			9	7
Surrenders and withdrawals			(67)	(67)
Benefit payments			(14)	(18)
Net transfers from (to) General Account			4	0
Interest credited to policyholders’ account balances			11	13
Other			0	0
Individual Retirement \| GMxB Core
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 12	$ 51	$ 12	$ 51	36	69
Weighted-average crediting rate	1.68%	1.57%	1.68%	1.57%
Premiums received			$ 177	$ 163
Policy charges			0	2
Surrenders and withdrawals			(27)	(24)
Benefit payments			(2)	(1)
Net transfers from (to) General Account			(178)	(162)
Interest credited to policyholders’ account balances			6	4
Other			0	0
Individual Retirement \| SCS
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 61,743	$ 44,221	61,743	$ 44,221	49,002	35,702
Weighted-average crediting rate		0%		0%
Premiums received			12	$ 5
Policy charges			(17)	(6)
Surrenders and withdrawals			(2,988)	(2,046)
Benefit payments			(222)	(194)
Net transfers from (to) General Account			9,512	7,366
Interest credited to policyholders’ account balances			6,444	3,394
Other			0	0
Individual Retirement \| EQUI-VEST Individual
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 2,117	$ 2,434	$ 2,117	$ 2,434	2,322	2,652
Weighted-average crediting rate	2.96%	2.90%	2.96%	2.90%
Premiums received			$ 26	$ 27
Policy charges			0	0
Surrenders and withdrawals			(251)	(256)
Benefit payments			(40)	(56)
Net transfers from (to) General Account			11	7
Interest credited to policyholders’ account balances			49	56
Other			0	4
Group Retirement \| EQUI-VEST Group
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 11,266	$ 11,729	$ 11,266	$ 11,729	11,563	12,045
Weighted-average crediting rate	2.69%	2.56%	2.69%	2.56%
Premiums received			$ 452	$ 460
Policy charges			(4)	(4)
Surrenders and withdrawals			(1,203)	(1,207)
Benefit payments			(55)	(54)
Net transfers from (to) General Account			253	210
Interest credited to policyholders’ account balances			260	268
Other			0	11
Group Retirement \| Momentum
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 553	$ 628	$ 553	$ 628	608	$ 702
Weighted-average crediting rate	2.32%	2.33%	2.32%	2.33%
Premiums received			$ 50	$ 49
Policy charges			0	0
Surrenders and withdrawals			(104)	(105)
Benefit payments			(1)	(4)
Net transfers from (to) General Account			(10)	(24)
Interest credited to policyholders’ account balances			10	10
Other			0	$ 0
Other
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balance reconciliation	$ 8,377		$ 8,377		$ 6,895

POLICYHOLDER ACCOUNT BALANCES_2

POLICYHOLDER ACCOUNT BALANCES - Balances and Changes in Policyholders' Account Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Policyholder Account Balance [Roll Forward]
Interest credited	$ 708	$ 556	$ 1,879	$ 1,520
Protection Solutions \| Universal Life
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			5,202	5,340
Premiums received			490	528
Policy charges			(537)	(572)
Surrenders and withdrawals			(62)	(57)
Benefit payments			(163)	(169)
Net transfers from (to) separate account			0	0
Interest credited			165	166
Other			0	0
Balance, end of period	$ 5,095	$ 5,236	$ 5,095	$ 5,236
Weighted-average crediting rate	3.81%	3.75%	3.81%	3.75%
Net amount at risk	$ 33,800	$ 36,003	$ 33,800	$ 36,003
Cash surrender value	3,386	3,450	3,386	3,450
Protection Solutions \| Variable Universal Life
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			4,862	4,909
Premiums received			91	107
Policy charges			(196)	(190)
Surrenders and withdrawals			(30)	(33)
Benefit payments			(58)	(84)
Net transfers from (to) separate account			139	(53)
Interest credited			159	151
Other			0	0
Balance, end of period	$ 4,967	$ 4,807	$ 4,967	$ 4,807
Weighted-average crediting rate	3.70%	3.70%	3.70%	3.70%
Net amount at risk	$ 116,107	$ 115,752	$ 116,107	$ 115,752
Cash surrender value	3,194	3,201	3,194	3,201
Legacy Segment \| GMxB Legacy
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			293	382
Premiums received			3	8
Policy charges			9	7
Surrenders and withdrawals			(67)	(67)
Benefit payments			(14)	(18)
Net transfers from (to) separate account			4	0
Interest credited			11	13
Other			0	0
Balance, end of period	$ 239	$ 325	$ 239	$ 325
Weighted-average crediting rate	2.74%	2.71%	2.74%	2.71%
Net amount at risk	$ 18,977	$ 23,123	$ 18,977	$ 23,123
Cash surrender value	507	607	507	607
Individual Retirement \| GMxB Core
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			36	69
Premiums received			177	163
Policy charges			0	2
Surrenders and withdrawals			(27)	(24)
Benefit payments			(2)	(1)
Net transfers from (to) separate account			(178)	(162)
Interest credited			6	4
Other			0	0
Balance, end of period	$ 12	$ 51	$ 12	$ 51
Weighted-average crediting rate	1.68%	1.57%	1.68%	1.57%
Net amount at risk	$ 2,606	$ 3,598	$ 2,606	$ 3,598
Cash surrender value	241	273	241	273
Individual Retirement \| SCS
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			49,002	35,702
Premiums received			12	5
Policy charges			(17)	(6)
Surrenders and withdrawals			(2,988)	(2,046)
Benefit payments			(222)	(194)
Net transfers from (to) separate account			9,512	7,366
Interest credited			6,444	3,394
Other			0	0
Balance, end of period	61,743	$ 44,221	61,743	$ 44,221
Weighted-average crediting rate		0%		0%
Net amount at risk	0	$ 31	0	$ 31
Cash surrender value	58,668	40,156	58,668	40,156
Individual Retirement \| EQUI-VEST Individual
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			2,322	2,652
Premiums received			26	27
Policy charges			0	0
Surrenders and withdrawals			(251)	(256)
Benefit payments			(40)	(56)
Net transfers from (to) separate account			11	7
Interest credited			49	56
Other			0	4
Balance, end of period	$ 2,117	$ 2,434	$ 2,117	$ 2,434
Weighted-average crediting rate	2.96%	2.90%	2.96%	2.90%
Net amount at risk	$ 100	$ 126	$ 100	$ 126
Cash surrender value	2,110	2,427	2,110	2,427
Group Retirement \| EQUI-VEST Group
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			11,563	12,045
Premiums received			452	460
Policy charges			(4)	(4)
Surrenders and withdrawals			(1,203)	(1,207)
Benefit payments			(55)	(54)
Net transfers from (to) separate account			253	210
Interest credited			260	268
Other			0	11
Balance, end of period	$ 11,266	$ 11,729	$ 11,266	$ 11,729
Weighted-average crediting rate	2.69%	2.56%	2.69%	2.56%
Net amount at risk	$ 8	$ 51	$ 8	$ 51
Cash surrender value	11,207	11,672	11,207	11,672
Group Retirement \| Momentum
Policyholder Account Balance [Roll Forward]
Balance, beginning of period			608	702
Premiums received			50	49
Policy charges			0	0
Surrenders and withdrawals			(104)	(105)
Benefit payments			(1)	(4)
Net transfers from (to) separate account			(10)	(24)
Interest credited			10	10
Other			0	0
Balance, end of period	$ 553	$ 628	$ 553	$ 628
Weighted-average crediting rate	2.32%	2.33%	2.32%	2.33%
Net amount at risk	$ 0	$ 0	$ 0	$ 0
Cash surrender value	$ 554	$ 630	$ 554	$ 630

POLICYHOLDER ACCOUNT BALANCES_3

POLICYHOLDER ACCOUNT BALANCES - Guaranteed Minimum Interest Rates (Details) $ in Millions	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
1 Basis Point - 50 Basis Points Above \| Minimum
Policyholder Account Balance [Line Items]
Basis points above guaranteed minimum crediting rate	0.0001	0.0001
1 Basis Point - 50 Basis Points Above \| Maximum
Policyholder Account Balance [Line Items]
Basis points above guaranteed minimum crediting rate	0.0050	0.0050
51 Basis Points - 150 Basis Points Above \| Minimum
Policyholder Account Balance [Line Items]
Basis points above guaranteed minimum crediting rate	0.0051	0.0051
51 Basis Points - 150 Basis Points Above \| Maximum
Policyholder Account Balance [Line Items]
Basis points above guaranteed minimum crediting rate	0.0150	0.0150
Greater Than 150 Basis Points Above \| Minimum
Policyholder Account Balance [Line Items]
Basis points above guaranteed minimum crediting rate	0.0150	0.0150
Protection Solutions \| Universal Life
Policyholder Account Balance [Line Items]
Policyholder account value	$ 5,065	$ 5,170
Protection Solutions \| Universal Life \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 6	$ 6
Protection Solutions \| Universal Life \| 0.00% - 1.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	0%	0%
Protection Solutions \| Universal Life \| 0.00% - 1.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.50%	1.50%
Protection Solutions \| Universal Life \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 1,029	$ 1,022
Protection Solutions \| Universal Life \| 1.51% - 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.51%	1.51%
Protection Solutions \| Universal Life \| 1.51% - 2.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Protection Solutions \| Universal Life \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 4,030	$ 4,142
Protection Solutions \| Universal Life \| Greater than 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Protection Solutions \| Universal Life \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account value	$ 3,436	$ 3,576
Protection Solutions \| Universal Life \| At Guaranteed Minimum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Protection Solutions \| Universal Life \| At Guaranteed Minimum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	11	61
Protection Solutions \| Universal Life \| At Guaranteed Minimum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	3,425	3,515
Protection Solutions \| Universal Life \| 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	695	696
Protection Solutions \| Universal Life \| 1 Basis Point - 50 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Protection Solutions \| Universal Life \| 1 Basis Point - 50 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	90	69
Protection Solutions \| Universal Life \| 1 Basis Point - 50 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	605	627
Protection Solutions \| Universal Life \| 51 Basis Points - 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	321	462
Protection Solutions \| Universal Life \| 51 Basis Points - 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Protection Solutions \| Universal Life \| 51 Basis Points - 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	321	462
Protection Solutions \| Universal Life \| 51 Basis Points - 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Protection Solutions \| Universal Life \| Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	613	436
Protection Solutions \| Universal Life \| Greater Than 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	6	6
Protection Solutions \| Universal Life \| Greater Than 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	607	430
Protection Solutions \| Universal Life \| Greater Than 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Protection Solutions \| Variable Universal Life
Policyholder Account Balance [Line Items]
Policyholder account value	4,446	4,399
Protection Solutions \| Variable Universal Life \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 146	$ 111
Protection Solutions \| Variable Universal Life \| 0.00% - 1.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	0%	0%
Protection Solutions \| Variable Universal Life \| 0.00% - 1.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.50%	1.50%
Protection Solutions \| Variable Universal Life \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 605	$ 558
Protection Solutions \| Variable Universal Life \| 1.51% - 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.51%	1.51%
Protection Solutions \| Variable Universal Life \| 1.51% - 2.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Protection Solutions \| Variable Universal Life \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 3,695	$ 3,730
Protection Solutions \| Variable Universal Life \| Greater than 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Protection Solutions \| Variable Universal Life \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account value	$ 3,720	$ 3,763
Protection Solutions \| Variable Universal Life \| At Guaranteed Minimum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	11	16
Protection Solutions \| Variable Universal Life \| At Guaranteed Minimum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	36	35
Protection Solutions \| Variable Universal Life \| At Guaranteed Minimum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	3,673	3,712
Protection Solutions \| Variable Universal Life \| 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	407	528
Protection Solutions \| Variable Universal Life \| 1 Basis Point - 50 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	16	33
Protection Solutions \| Variable Universal Life \| 1 Basis Point - 50 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	391	495
Protection Solutions \| Variable Universal Life \| 1 Basis Point - 50 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Protection Solutions \| Variable Universal Life \| 51 Basis Points - 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	286	94
Protection Solutions \| Variable Universal Life \| 51 Basis Points - 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	86	53
Protection Solutions \| Variable Universal Life \| 51 Basis Points - 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	178	28
Protection Solutions \| Variable Universal Life \| 51 Basis Points - 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	22	13
Protection Solutions \| Variable Universal Life \| Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	33	14
Protection Solutions \| Variable Universal Life \| Greater Than 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	33	9
Protection Solutions \| Variable Universal Life \| Greater Than 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Protection Solutions \| Variable Universal Life \| Greater Than 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	5
Legacy Segment \| GMxB Legacy
Policyholder Account Balance [Line Items]
Policyholder account value	509	573
Legacy Segment \| GMxB Legacy \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 73	$ 91
Legacy Segment \| GMxB Legacy \| 0.00% - 1.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	0%	0%
Legacy Segment \| GMxB Legacy \| 0.00% - 1.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.50%	1.50%
Legacy Segment \| GMxB Legacy \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 20	$ 21
Legacy Segment \| GMxB Legacy \| 1.51% - 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.51%	1.51%
Legacy Segment \| GMxB Legacy \| 1.51% - 2.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Legacy Segment \| GMxB Legacy \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 416	$ 461
Legacy Segment \| GMxB Legacy \| Greater than 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Legacy Segment \| GMxB Legacy \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account value	$ 506	$ 557
Legacy Segment \| GMxB Legacy \| At Guaranteed Minimum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	70	75
Legacy Segment \| GMxB Legacy \| At Guaranteed Minimum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	20	21
Legacy Segment \| GMxB Legacy \| At Guaranteed Minimum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	416	461
Legacy Segment \| GMxB Legacy \| 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	3	16
Legacy Segment \| GMxB Legacy \| 1 Basis Point - 50 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	3	16
Legacy Segment \| GMxB Legacy \| 1 Basis Point - 50 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| 1 Basis Point - 50 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| 51 Basis Points - 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| 51 Basis Points - 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| 51 Basis Points - 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| 51 Basis Points - 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| Greater Than 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| Greater Than 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Legacy Segment \| GMxB Legacy \| Greater Than 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core
Policyholder Account Balance [Line Items]
Policyholder account value	248	273
Individual Retirement \| GMxB Core \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 179	$ 205
Individual Retirement \| GMxB Core \| 0.00% - 1.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	0%	0%
Individual Retirement \| GMxB Core \| 0.00% - 1.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.50%	1.50%
Individual Retirement \| GMxB Core \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 12	$ 13
Individual Retirement \| GMxB Core \| 1.51% - 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.51%	1.51%
Individual Retirement \| GMxB Core \| 1.51% - 2.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Individual Retirement \| GMxB Core \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 57	$ 55
Individual Retirement \| GMxB Core \| Greater than 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Individual Retirement \| GMxB Core \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account value	$ 81	$ 81
Individual Retirement \| GMxB Core \| At Guaranteed Minimum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	12	13
Individual Retirement \| GMxB Core \| At Guaranteed Minimum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	12	13
Individual Retirement \| GMxB Core \| At Guaranteed Minimum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	57	55
Individual Retirement \| GMxB Core \| 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	167	192
Individual Retirement \| GMxB Core \| 1 Basis Point - 50 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	167	192
Individual Retirement \| GMxB Core \| 1 Basis Point - 50 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| 1 Basis Point - 50 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| 51 Basis Points - 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| 51 Basis Points - 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| 51 Basis Points - 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| 51 Basis Points - 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| Greater Than 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| Greater Than 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| GMxB Core \| Greater Than 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual
Policyholder Account Balance [Line Items]
Policyholder account value	2,116	2,321
Individual Retirement \| EQUI-VEST Individual \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 246	$ 267
Individual Retirement \| EQUI-VEST Individual \| 0.00% - 1.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	0%	0%
Individual Retirement \| EQUI-VEST Individual \| 0.00% - 1.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.50%	1.50%
Individual Retirement \| EQUI-VEST Individual \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 39	$ 43
Individual Retirement \| EQUI-VEST Individual \| 1.51% - 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.51%	1.51%
Individual Retirement \| EQUI-VEST Individual \| 1.51% - 2.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Individual Retirement \| EQUI-VEST Individual \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 1,831	$ 2,011
Individual Retirement \| EQUI-VEST Individual \| Greater than 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Individual Retirement \| EQUI-VEST Individual \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account value	$ 1,914	$ 2,103
Individual Retirement \| EQUI-VEST Individual \| At Guaranteed Minimum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	44	49
Individual Retirement \| EQUI-VEST Individual \| At Guaranteed Minimum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	39	43
Individual Retirement \| EQUI-VEST Individual \| At Guaranteed Minimum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	1,831	2,011
Individual Retirement \| EQUI-VEST Individual \| 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	202	218
Individual Retirement \| EQUI-VEST Individual \| 1 Basis Point - 50 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	202	218
Individual Retirement \| EQUI-VEST Individual \| 1 Basis Point - 50 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| 1 Basis Point - 50 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| 51 Basis Points - 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| 51 Basis Points - 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| 51 Basis Points - 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| 51 Basis Points - 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| Greater Than 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| Greater Than 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Individual Retirement \| EQUI-VEST Individual \| Greater Than 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| EQUI-VEST Group
Policyholder Account Balance [Line Items]
Policyholder account value	9,992	10,416
Group Retirement \| EQUI-VEST Group \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 3,410	$ 3,461
Group Retirement \| EQUI-VEST Group \| 0.00% - 1.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	0%	0%
Group Retirement \| EQUI-VEST Group \| 0.00% - 1.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.50%	1.50%
Group Retirement \| EQUI-VEST Group \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 350	$ 345
Group Retirement \| EQUI-VEST Group \| 1.51% - 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.51%	1.51%
Group Retirement \| EQUI-VEST Group \| 1.51% - 2.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Group Retirement \| EQUI-VEST Group \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 6,232	$ 6,610
Group Retirement \| EQUI-VEST Group \| Greater than 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Group Retirement \| EQUI-VEST Group \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account value	$ 7,315	$ 7,727
Group Retirement \| EQUI-VEST Group \| At Guaranteed Minimum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	734	772
Group Retirement \| EQUI-VEST Group \| At Guaranteed Minimum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	350	345
Group Retirement \| EQUI-VEST Group \| At Guaranteed Minimum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	6,231	6,610
Group Retirement \| EQUI-VEST Group \| 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	2,379	2,338
Group Retirement \| EQUI-VEST Group \| 1 Basis Point - 50 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	2,379	2,338
Group Retirement \| EQUI-VEST Group \| 1 Basis Point - 50 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| EQUI-VEST Group \| 1 Basis Point - 50 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| EQUI-VEST Group \| 51 Basis Points - 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	33	36
Group Retirement \| EQUI-VEST Group \| 51 Basis Points - 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	32	36
Group Retirement \| EQUI-VEST Group \| 51 Basis Points - 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| EQUI-VEST Group \| 51 Basis Points - 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	1	0
Group Retirement \| EQUI-VEST Group \| Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	265	315
Group Retirement \| EQUI-VEST Group \| Greater Than 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	265	315
Group Retirement \| EQUI-VEST Group \| Greater Than 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| EQUI-VEST Group \| Greater Than 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| Momentum
Policyholder Account Balance [Line Items]
Policyholder account value	553	607
Group Retirement \| Momentum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 369	$ 395
Group Retirement \| Momentum \| 0.00% - 1.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	0%	0%
Group Retirement \| Momentum \| 0.00% - 1.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.50%	1.50%
Group Retirement \| Momentum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 118	$ 139
Group Retirement \| Momentum \| 1.51% - 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	1.51%	1.51%
Group Retirement \| Momentum \| 1.51% - 2.50% \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Group Retirement \| Momentum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 66	$ 73
Group Retirement \| Momentum \| Greater than 2.50% \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rate	2.50%	2.50%
Group Retirement \| Momentum \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account value	$ 178	$ 206
Group Retirement \| Momentum \| At Guaranteed Minimum \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| Momentum \| At Guaranteed Minimum \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	117	138
Group Retirement \| Momentum \| At Guaranteed Minimum \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	61	68
Group Retirement \| Momentum \| 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	14	13
Group Retirement \| Momentum \| 1 Basis Point - 50 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	13	12
Group Retirement \| Momentum \| 1 Basis Point - 50 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	1	1
Group Retirement \| Momentum \| 1 Basis Point - 50 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| Momentum \| 51 Basis Points - 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	310	335
Group Retirement \| Momentum \| 51 Basis Points - 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	305	330
Group Retirement \| Momentum \| 51 Basis Points - 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| Momentum \| 51 Basis Points - 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	5	5
Group Retirement \| Momentum \| Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account value	51	53
Group Retirement \| Momentum \| Greater Than 150 Basis Points Above \| 0.00% - 1.50%
Policyholder Account Balance [Line Items]
Policyholder account value	51	53
Group Retirement \| Momentum \| Greater Than 150 Basis Points Above \| 1.51% - 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	0	0
Group Retirement \| Momentum \| Greater Than 150 Basis Points Above \| Greater than 2.50%
Policyholder Account Balance [Line Items]
Policyholder account value	$ 0	$ 0

POLICYHOLDER ACCOUNT BALANCES_4

POLICYHOLDER ACCOUNT BALANCES - Reconciliation of Separate Account Liabilities to Separate Account Liability balance (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	$ 137,407	$ 127,251
Protection Solutions \| Variable Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	18,110	15,821	$ 14,310	$ 13,187
Legacy Segment \| GMxB Legacy
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	34,607	33,794	31,769	32,616
Individual Retirement \| GMxB Core
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	31,414	29,829	27,784	27,772
Individual Retirement \| EQUI-VEST Individual
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	4,920	4,582	4,250	4,161
Individual Retirement \| Investment Edge
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	4,892	4,275	3,961	3,798
Group Retirement \| EQUI-VEST Group
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	30,686	26,959	24,298	22,393
Group Retirement \| Momentum
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	4,932	4,421	$ 4,140	$ 3,885
Other
Liability for Future Policy Benefit, Activity [Line Items]
Separate Accounts liabilities	$ 7,846	$ 7,570

POLICYHOLDER ACCOUNT BALANCES_5

POLICYHOLDER ACCOUNT BALANCES - Balances and Changes in Separate Accounts Liability (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Separate Account, Liability [Roll Forward]
Balance, beginning of period	$ 127,251
Balance, end of period	137,407
Protection Solutions \| VUL
Separate Account, Liability [Roll Forward]
Balance, beginning of period	15,821	$ 13,187
Premiums and deposits	925	845
Policy charges	(432)	(419)
Surrenders and withdrawals	(474)	(415)
Benefit payments	(68)	(68)
Investment performance	2,476	1,127
Net transfers from (to) General Account	(138)	53
Other charges	0	0
Balance, end of period	18,110	14,310
Cash surrender value	17,727	13,988
Legacy Segment \| GMxB Legacy
Separate Account, Liability [Roll Forward]
Balance, beginning of period	33,794	32,616
Premiums and deposits	165	166
Policy charges	(477)	(495)
Surrenders and withdrawals	(2,529)	(2,001)
Benefit payments	(568)	(562)
Investment performance	4,226	2,045
Net transfers from (to) General Account	(4)	0
Other charges	0	0
Balance, end of period	34,607	31,769
Cash surrender value	34,334	31,481
Individual Retirement \| GMxB Core
Separate Account, Liability [Roll Forward]
Balance, beginning of period	29,829	27,772
Premiums and deposits	1,499	1,170
Policy charges	(374)	(365)
Surrenders and withdrawals	(2,710)	(1,898)
Benefit payments	(203)	(176)
Investment performance	3,195	1,120
Net transfers from (to) General Account	178	161
Other charges	0	0
Balance, end of period	31,414	27,784
Cash surrender value	30,579	26,939
Individual Retirement \| EQUI-VEST Individual
Separate Account, Liability [Roll Forward]
Balance, beginning of period	4,582	4,161
Premiums and deposits	69	70
Policy charges	(1)	(2)
Surrenders and withdrawals	(381)	(293)
Benefit payments	(40)	(43)
Investment performance	702	360
Net transfers from (to) General Account	(11)	(7)
Other charges	0	4
Balance, end of period	4,920	4,250
Cash surrender value	4,887	4,218
Individual Retirement \| Investment Edge
Separate Account, Liability [Roll Forward]
Balance, beginning of period	4,275	3,798
Premiums and deposits	1,333	659
Policy charges	0	0
Surrenders and withdrawals	(389)	(291)
Benefit payments	(22)	(33)
Investment performance	543	191
Net transfers from (to) General Account	(848)	(363)
Other charges	0	0
Balance, end of period	4,892	3,961
Cash surrender value	4,803	3,872
Group Retirement \| EQUI-VEST Group
Separate Account, Liability [Roll Forward]
Balance, beginning of period	26,959	22,393
Premiums and deposits	1,709	1,574
Policy charges	(13)	(13)
Surrenders and withdrawals	(1,778)	(1,218)
Benefit payments	(47)	(43)
Investment performance	4,109	1,790
Net transfers from (to) General Account	(253)	(210)
Other charges	0	25
Balance, end of period	30,686	24,298
Cash surrender value	30,378	24,031
Group Retirement \| Momentum
Separate Account, Liability [Roll Forward]
Balance, beginning of period	4,421	3,885
Premiums and deposits	554	478
Policy charges	(17)	(15)
Surrenders and withdrawals	(686)	(529)
Benefit payments	(8)	(8)
Investment performance	659	305
Net transfers from (to) General Account	9	24
Other charges	0	0
Balance, end of period	4,932	4,140
Cash surrender value	$ 4,924	$ 4,132

POLICYHOLDER ACCOUNT BALANCES_6

POLICYHOLDER ACCOUNT BALANCES - Aggregate Fair Value of Separate Account Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Policyholder Account Balance [Line Items]
Separate Accounts assets	$ 137,407	$ 127,251
Debt securities
Policyholder Account Balance [Line Items]
Separate Accounts assets	84	76
Common Stock
Policyholder Account Balance [Line Items]
Separate Accounts assets	2,282	2,213
Mutual Funds
Policyholder Account Balance [Line Items]
Separate Accounts assets	133,826	123,583
Bonds and Notes
Policyholder Account Balance [Line Items]
Separate Accounts assets	1,215	1,379
Protection Solutions
Policyholder Account Balance [Line Items]
Separate Accounts assets	18,751	16,403
Protection Solutions \| Debt securities
Policyholder Account Balance [Line Items]
Separate Accounts assets	56	48
Protection Solutions \| Common Stock
Policyholder Account Balance [Line Items]
Separate Accounts assets	70	65
Protection Solutions \| Mutual Funds
Policyholder Account Balance [Line Items]
Separate Accounts assets	18,509	16,199
Protection Solutions \| Bonds and Notes
Policyholder Account Balance [Line Items]
Separate Accounts assets	116	91
Individual Retirement
Policyholder Account Balance [Line Items]
Separate Accounts assets	42,958	40,152
Individual Retirement \| Debt securities
Policyholder Account Balance [Line Items]
Separate Accounts assets	1	1
Individual Retirement \| Common Stock
Policyholder Account Balance [Line Items]
Separate Accounts assets	36	34
Individual Retirement \| Mutual Funds
Policyholder Account Balance [Line Items]
Separate Accounts assets	42,918	40,113
Individual Retirement \| Bonds and Notes
Policyholder Account Balance [Line Items]
Separate Accounts assets	3	4
Group Retirement
Policyholder Account Balance [Line Items]
Separate Accounts assets	37,598	33,249
Group Retirement \| Debt securities
Policyholder Account Balance [Line Items]
Separate Accounts assets	0	21
Group Retirement \| Common Stock
Policyholder Account Balance [Line Items]
Separate Accounts assets	483	447
Group Retirement \| Mutual Funds
Policyholder Account Balance [Line Items]
Separate Accounts assets	37,101	32,780
Group Retirement \| Bonds and Notes
Policyholder Account Balance [Line Items]
Separate Accounts assets	14	1
Corp & Other
Policyholder Account Balance [Line Items]
Separate Accounts assets	3,467	3,645
Corp & Other \| Debt securities
Policyholder Account Balance [Line Items]
Separate Accounts assets	27	6
Corp & Other \| Common Stock
Policyholder Account Balance [Line Items]
Separate Accounts assets	1,693	1,667
Corp & Other \| Mutual Funds
Policyholder Account Balance [Line Items]
Separate Accounts assets	665	689
Corp & Other \| Bonds and Notes
Policyholder Account Balance [Line Items]
Separate Accounts assets	1,082	1,283
Legacy Segment
Policyholder Account Balance [Line Items]
Separate Accounts assets	34,633	33,802
Legacy Segment \| Debt securities
Policyholder Account Balance [Line Items]
Separate Accounts assets	0	0
Legacy Segment \| Common Stock
Policyholder Account Balance [Line Items]
Separate Accounts assets	0	0
Legacy Segment \| Mutual Funds
Policyholder Account Balance [Line Items]
Separate Accounts assets	34,633	33,802
Legacy Segment \| Bonds and Notes
Policyholder Account Balance [Line Items]
Separate Accounts assets	$ 0	$ 0

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - Net Periodic Pension Expense - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2	$ 2	$ 6	$ 6
Interest cost	30	31	89	93
Expected return on assets	(36)	(38)	(110)	(116)
Prior period service cost amortization	(1)	1	(2)	0
Actuarial (gain) loss	0	0	0	1
Net amortization	15	11	44	28
Net Periodic Pension Expense	$ 10	$ 7	$ 27	$ 12

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Millions	3 Months Ended	9 Months Ended
INCOME TAXES (Details) $ in Millions	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)
Income Tax Disclosure [Abstract]
Increase (decrease) in valuation allowance	$ (120)	$ (113)
Valuation allowance	$ 121	$ 121

EQUITY - Preferred Stock Activi

EQUITY - Preferred Stock Activity (Details) - shares shares in Thousands	Sep. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	64	64
Preferred stock, shares issued (in shares)	64	64
Preferred stock, shares outstanding (in shares)	64	64
Series A
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	32	32
Preferred stock, shares issued (in shares)	32	32
Preferred stock, shares outstanding (in shares)	32	32
Series B
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	20	20
Preferred stock, shares issued (in shares)	20	20
Preferred stock, shares outstanding (in shares)	20	20
Series C
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	12	12
Preferred stock, shares issued (in shares)	12	12
Preferred stock, shares outstanding (in shares)	12	12

EQUITY - Dividends Declared (De

EQUITY - Dividends Declared (Details) - $ / shares	3 Months Ended		9 Months Ended
EQUITY - Dividends Declared (Details) - $ / shares	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Dividends declared per share of common stock (in dollars per share)	$ 0.24	$ 0.22	$ 0.70	$ 0.64
Series A
Class of Stock [Line Items]
Dividends declared per share of preferred stock (in dollars per share)	328	328	984	984
Series B
Class of Stock [Line Items]
Dividends declared per share of preferred stock (in dollars per share)	0	0	619	619
Series C
Class of Stock [Line Items]
Dividends declared per share of preferred stock (in dollars per share)	$ 269	$ 269	$ 806	$ 806

EQUITY - Share Repurchase - Nar

EQUITY - Share Repurchase - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions				1 Months Ended									3 Months Ended		9 Months Ended
	Jul. 02, 2024	Apr. 03, 2024	Jan. 04, 2024	Oct. 31, 2024	Sep. 30, 2024	Aug. 31, 2024	Jul. 31, 2024	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Mar. 31, 2024	Jan. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Feb. 05, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized																	$ 1,300
Share repurchase program, remaining authorized repurchase amount					$ 706								$ 706		$ 706
Shares repurchased (in shares)													3,400,000	3,400,000	9,800,000	11,500,000
Accelerated Share Repurchase Agreement
Class of Stock [Line Items]
Shares repurchased (in shares)													6,200,000	8,300,000	20,000,000	24,500,000
Share repurchases, average purchase price (in dollars per share)													$ 40.92	$ 28.69	$ 37.74	$ 27.70
September 2024
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized					$ 30								$ 30		$ 30
Shares repurchased (in shares)					567,644
Pre-payment of share repurchases					$ 30								$ 30		$ 30
September 2024 \| Subsequent Event
Class of Stock [Line Items]
Shares repurchased (in shares)				133,927
June 2024
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized								$ 85
Shares repurchased (in shares)	1,600,000					366,947
Pre-payment of share repurchases	$ 85
June 2024
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized								$ 35
Shares repurchased (in shares)							166,723	700,000
Pre-payment of share repurchases								$ 35
March, 2024, 1
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized											$ 80
Shares repurchased (in shares)		1,700,000							466,923
Pre-payment of share repurchases		$ 80
March, 2024, 2
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized											$ 50
Shares repurchased (in shares)										235,302	1,000,000
Pre-payment of share repurchases											$ 50
December, 2023
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized																		$ 95
Shares repurchased (in shares)			2,300,000									625,040
Pre-payment of share repurchases			$ 95

EQUITY - Cumulative Gains (Loss

EQUITY - Cumulative Gains (Losses) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	$ 4,975	$ 3,385	$ 4,388	$ 3,281	$ 5,260	$ 3,141
Total accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	(6,628)		(7,817)
Unrealized gains (losses) on investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	(5,253)		(6,638)
Market risk benefits - instrument-specific credit risk component
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	(800)		(633)
Liability for future policy benefits - current discount rate component
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	108		182
Defined benefit pension plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	(623)		(652)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	(60)		(76)
Less: Accumulated other comprehensive income (loss) attributable to noncontrolling interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	(33)		(40)
Accumulated other comprehensive income (loss) attributable to Holdings
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) attributable to Holdings	$ (6,595)	$ (8,645)	$ (7,777)	$ (9,802)	$ (7,142)	$ (8,992)

EQUITY - Components of OCI, Net

EQUITY - Components of OCI, Net of Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Change in net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period	$ 2,299	$ (2,102)	$ 1,314	$ (1,231)
(Gains) losses reclassified into net income (loss) during the period	22	274	43	374
Net unrealized gains (losses) on investments	2,321	(1,828)	1,357	(857)
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other	(66)	62	(23)	93
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $448, $(384), $212 and $(375))	2,255	(1,766)	1,334	(764)
Change in LFPB discount rate and MRB credit risk, net of tax
Market risk benefits - changes in instrument-specific credit risk (net of deferred income tax expense (benefit) of $(1), $(289), $(35) and $(63))	(5)	(1,086)	(133)	(235)
Liability for future policy benefits - changes in current discount rate (net of deferred income tax expense (benefit) of $(60), $52, $(16) and $42 )	(223)	195	(58)	157
Change in defined benefit plans:
Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost	11	6	29	35
Change in defined benefit plans (net of deferred income tax expense (benefit) of $(3), $(2), $(8), and $(9))	11	6	29	35
Foreign currency translation adjustments:
Foreign currency translation gains (losses) arising during the period	20	(16)	17	(5)
Foreign currency translation adjustment	20	(16)	17	(5)
Total other comprehensive income (loss), net of income taxes	2,058	(2,667)	1,189	(812)
Less: Other comprehensive income (loss) attributable to noncontrolling interest	8	(7)	7	(2)
Other comprehensive income (loss) attributable to Holdings	2,050	(2,660)	1,182	(810)
Deferred income tax expense (benefit) for change in unrealized gains (losses)	448	(384)	212	(375)
Deferred income tax expense (benefit) for market risk benefits - change in instrument-specific credit risk	(1)	(289)	(35)	(63)
Deferred income tax expense (benefit) for liability for future policy benefits - change in current discount rate	(60)	52	(16)	42
Deferred income tax expense (benefit) for change in defined benefit plans	(3)	(2)	(8)	(9)
Reclassification adjustment	$ (6)	$ (73)	$ (11)	$ (99)

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - Summary of Short and Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total short-term debt	$ 0		$ 254
Total long-term debt	3,831		3,820
Total borrowings	$ 3,831		4,074
Senior Notes \| Senior Debenture, (7.0%, due 2028)
Debt Instrument [Line Items]
Debt instrument, stated percentage	7%	7%
Total long-term debt	$ 250		349
Senior Notes \| Senior Note (4.35% due 2028)
Debt Instrument [Line Items]
Debt instrument, stated percentage	4.35%
Total long-term debt	$ 1,494		1,493
Senior Notes \| Senior Note (4.572% due 2029)
Debt Instrument [Line Items]
Debt instrument, stated percentage	4.572%	4.572%
Total long-term debt	$ 301		0
Senior Notes \| Senior Note (5.594% due 2033)
Debt Instrument [Line Items]
Debt instrument, stated percentage	5.594%
Total long-term debt	$ 497		497
Senior Notes \| Senior Note (5.00% due 2048)
Debt Instrument [Line Items]
Debt instrument, stated percentage	5%	5%
Total long-term debt	$ 1,289		1,481
AB commercial paper
Debt Instrument [Line Items]
Total short-term debt	$ 0		$ 254

SHORT-TERM AND LONG-TERM DEBT_2

SHORT-TERM AND LONG-TERM DEBT - Narrative (Details) - Senior Notes - USD ($)	1 Months Ended
	Jun. 30, 2024	Sep. 30, 2024	Jun. 06, 2024
Senior Debentures Notes Due 2028 And Senior Notes Due 2029 And 2048
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 11,000,000
Senior Note (4.572% due 2029)
Debt Instrument [Line Items]
Principal amount issued	600,000,000		$ 600,000,000
Principal pre-payments	$ 275,000,000
Interest rate on debt instrument	4.572%	4.572%
Senior Debenture, (7.0%, due 2028)
Debt Instrument [Line Items]
Principal pre-payments	$ 99,000,000
Interest rate on debt instrument	7%	7%
Senior Note (5.00% due 2048)
Debt Instrument [Line Items]
Principal pre-payments	$ 195,000,000
Interest rate on debt instrument	5%	5%

REDEEMABLE NONCONTROLLING INT_3

REDEEMABLE NONCONTROLLING INTEREST (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	$ 1,088		$ 531	$ 770	[1],[2]	$ 455
Net earnings (loss) attributable to redeemable noncontrolling interests	26		6	60		24
Purchase/change of redeemable noncontrolling interests	109		99	393		157
Balance, end of period	$ 1,223	[1],[2]	$ 636	$ 1,223	[1],[2]	$ 636

[1]See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.[2]See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES - Narrative (Details)	1 Months Ended
	Jun. 30, 2024 USD ($) shares	Oct. 31, 2023 plaintiff	Apr. 30, 2019 USD ($) shares	Sep. 30, 2024 USD ($) legalAction	Jun. 06, 2024 USD ($)	May 31, 2023 USD ($)	Feb. 29, 2016 USD ($) federal_action
Loss Contingencies [Line Items]
Unaccrued amounts of reasonably possible range of losses				$ 100,000,000
Federal home loan bank stock				336,000,000
Carrying value of collateral pledged for federal home loan bank				11,100,000,000
Commitments by the company to provide equity financing				1,200,000,000
Commitments under existing mortgage loan agreements				448,000,000
Letter of Credit
Loss Contingencies [Line Items]
Undrawn balance				17,000,000
Equitable America
Loss Contingencies [Line Items]
Federal home loan bank stock				$ 4,000,000
Senior Note (4.572% due 2029) \| Senior Notes
Loss Contingencies [Line Items]
Debt instrument, face amount	$ 600,000,000				$ 600,000,000
Interest rate on debt instrument	4.572%			4.572%
Trust Notes
Loss Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity				$ 10,000,000,000
Funding Agreement-Backed Commercial Paper Program
Loss Contingencies [Line Items]
Long-term line of credit outstanding						$ 3,000,000,000
Funding Agreement-Backed Commercial Paper Program \| Equitable America
Loss Contingencies [Line Items]
Long-term line of credit outstanding				0
Funding Agreement-Backed Commercial Paper Program \| Equitable Financial
Loss Contingencies [Line Items]
Long-term line of credit outstanding				$ 75,000,000		$ 1,000,000,000
Pre-Capitalized Trust Securities
Loss Contingencies [Line Items]
Period to issue senior notes to Trusts	30 years
2029 Trust
Loss Contingencies [Line Items]
Shares issued (in shares) \| shares			600,000
Proceeds from offering			$ 600,000,000
2049 Trust
Loss Contingencies [Line Items]
Shares issued (in shares) \| shares			400,000
Proceeds from offering			$ 400,000,000
Semi-annual facility fee rate	2.715%
2054 Trust
Loss Contingencies [Line Items]
Shares issued (in shares) \| shares	600,000
Proceeds from offering	$ 600,000,000
Semi-annual facility fee rate	1.779%
NEW YORK
Loss Contingencies [Line Items]
Number of actions \| legalAction				1
Brach Family Foundation Litigation
Loss Contingencies [Line Items]
Liability for future policy benefits, face value of policy							$ 1,000,000
Number of federal actions \| federal_action							3
Number of plaintiffs \| plaintiff		3

COMMITMENTS AND CONTINGENT LI_4

COMMITMENTS AND CONTINGENT LIABILITIES - Funding Agreements (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Federal Home Loan Bank (FHLB)
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	$ 7,615
Issued During the Period	49,084
Repaid During the Period	(49,534)
Long-term Agreements Maturing Within One Year	0
Long-term Agreements Maturing Within Five Years	0
Outstanding Balance, period end	7,165
Difference related to remaining amortization	2	$ 3
Federal Home Loan Bank (FHLB) \| Due in one year or less
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	6,168
Issued During the Period	49,084
Repaid During the Period	(49,534)
Long-term Agreements Maturing Within One Year	125
Long-term Agreements Maturing Within Five Years	0
Outstanding Balance, period end	5,843
Federal Home Loan Bank (FHLB) \| Total long-term funding agreements
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	1,447
Issued During the Period	0
Repaid During the Period	0
Long-term Agreements Maturing Within One Year	(125)
Long-term Agreements Maturing Within Five Years	0
Outstanding Balance, period end	1,322
Federal Home Loan Bank (FHLB) \| Due in years two through five
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	799
Issued During the Period	0
Repaid During the Period	0
Long-term Agreements Maturing Within One Year	(67)
Long-term Agreements Maturing Within Five Years	0
Outstanding Balance, period end	732
Federal Home Loan Bank (FHLB) \| Due in more than five years
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	648
Issued During the Period	0
Repaid During the Period	0
Long-term Agreements Maturing Within One Year	(58)
Long-term Agreements Maturing Within Five Years	0
Outstanding Balance, period end	590
Funding Agreement-Backed Notes Program (FABN)
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	6,284
Issued During the Period	0
Repaid During the Period	(500)
Long-term Agreements Maturing Within One Year	0
Long-term Agreements Maturing Within Five Years	0
Foreign Currency Transaction Adjustment	24
Outstanding Balance, period end	5,808
Difference related to remaining amortization	13	$ 17
Funding Agreement-Backed Notes Program (FABN) \| Due in one year or less
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	1,000
Issued During the Period	0
Repaid During the Period	(500)
Long-term Agreements Maturing Within One Year	650
Long-term Agreements Maturing Within Five Years	0
Foreign Currency Transaction Adjustment	0
Outstanding Balance, period end	1,150
Funding Agreement-Backed Notes Program (FABN) \| Total long-term funding agreements
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	5,284
Issued During the Period	0
Repaid During the Period	0
Long-term Agreements Maturing Within One Year	(650)
Long-term Agreements Maturing Within Five Years	0
Foreign Currency Transaction Adjustment	24
Outstanding Balance, period end	4,658
Funding Agreement-Backed Notes Program (FABN) \| Due in years two through five
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	4,984
Issued During the Period	0
Repaid During the Period	0
Long-term Agreements Maturing Within One Year	(650)
Long-term Agreements Maturing Within Five Years	0
Foreign Currency Transaction Adjustment	24
Outstanding Balance, period end	4,358
Funding Agreement-Backed Notes Program (FABN) \| Due in more than five years
Restructuring Reserve [Roll Forward]
Outstanding Balance, period start	300
Issued During the Period	0
Repaid During the Period	0
Long-term Agreements Maturing Within One Year	0
Long-term Agreements Maturing Within Five Years	0
Foreign Currency Transaction Adjustment	0
Outstanding Balance, period end	$ 300

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Narrative (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 segment guaranteedLivingBenefitRider clientChannel	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	6
Corporate and Other
Segment Reporting Information [Line Items]
Impact of collateral expense		$ 37.8	$ 5.7
Asset Management
Segment Reporting Information [Line Items]
Number of main client channels \| clientChannel	3
Legacy
Segment Reporting Information [Line Items]
Number of guaranteed living benefit riders \| guaranteedLivingBenefitRider	4
Legacy \| Adjustments
Segment Reporting Information [Line Items]
Impact of collateral expense		(4.2)	(1)
Individual Retirement \| Adjustments
Segment Reporting Information [Line Items]
Impact of collateral expense		(4)	(0.8)
Group Retirement \| Adjustments
Segment Reporting Information [Line Items]
Impact of collateral expense		(7.7)	(1.4)
Protection Solutions \| Adjustments
Segment Reporting Information [Line Items]
Impact of collateral expense		$ (21.9)	$ (2.5)

BUSINESS SEGMENT INFORMATION _2

BUSINESS SEGMENT INFORMATION - Reconciliation of Operating Profit (Loss) from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Net income (loss) attributable to Holdings	$ (134)	$ 1,064	$ 408	$ 2,000
Adjustments related to:
Non-GAAP Operating Earnings	501	413	1,485	1,218
Gain on sale of business			135	(3)
Increase (decrease) in valuation allowance	(120)		(113)
Net Income
Adjustments related to:
Increase (decrease) in valuation allowance		20		970
Assumption Updates
Adjustments related to:
Variable annuity product	16	40	16	40
Adjustments
Segment Reporting Information [Line Items]
Net income (loss) attributable to Holdings	(134)	1,064	408	2,000
Adjustments related to:
Variable annuity product	738	(1,380)	1,136	(584)
Investment (gains) losses	46	411	101	554
Net actuarial (gains) losses related to pension and other postretirement benefit obligations	13	8	44	26
Other adjustments	0	91	59	198
Income tax expense (benefit) related to above adjustments	(167)	183	(281)	(40)
Non-recurring tax items	5	36	18	(936)
Gross legal expenses related to cost of insurance litigation	0	0	106	35
Impact of actuarial assumptions		61		61
Adjustments \| CarVal
Adjustments related to:
Contingent payment gain	78		78
Adjustments \| Disposal Group, Disposed of by Sale, Not Discontinued Operations \| AB’s Bernstein Research Service
Adjustments related to:
Gain on sale of business			82
Operating Segments \| Individual Retirement
Adjustments related to:
Non-GAAP Operating Earnings	225	220	713	671
Operating Segments \| Group Retirement
Adjustments related to:
Non-GAAP Operating Earnings	141	105	390	301
Operating Segments \| Asset Management
Adjustments related to:
Non-GAAP Operating Earnings	111	99	318	297
Operating Segments \| Protection Solutions
Adjustments related to:
Non-GAAP Operating Earnings	46	34	154	23
Operating Segments \| Wealth Management
Adjustments related to:
Non-GAAP Operating Earnings	50	40	137	114
Operating Segments \| Legacy
Adjustments related to:
Non-GAAP Operating Earnings	27	31	93	119
Corporate and Other
Adjustments related to:
Non-GAAP Operating Earnings	(99)	(116)	(320)	(307)
Interest and debt expense	$ 57	$ 54	$ 171	$ 173

BUSINESS SEGMENT INFORMATION _3

BUSINESS SEGMENT INFORMATION - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total revenues	$ 3,076	$ 3,624	$ 8,816	$ 8,358
Adjustments related to:
Total revenues	3,076	3,624	8,816	8,358
Investment expenses	35	30	94	84
Interest expense	55	55	174	171
Operating Segments \| Individual Retirement
Segment Reporting Information [Line Items]
Total revenues	944	762	2,678	2,130
Operating Segments \| Group Retirement
Segment Reporting Information [Line Items]
Total revenues	314	267	889	771
Operating Segments \| Asset Management
Segment Reporting Information [Line Items]
Total revenues	1,086	1,034	3,230	3,043
Operating Segments \| Protection Solutions
Segment Reporting Information [Line Items]
Total revenues	839	822	2,498	2,373
Operating Segments \| Wealth Management
Segment Reporting Information [Line Items]
Total revenues	450	390	1,315	1,143
Operating Segments \| Legacy
Segment Reporting Information [Line Items]
Total revenues	117	129	369	405
Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	246	257	720	800
Adjustments related to:
Interest expense	5	10	22	29
Eliminations
Segment Reporting Information [Line Items]
Total revenues	(220)	(199)	(663)	(597)
Eliminations \| Investment Management and Other Fees
Adjustments related to:
Revenues	(41)	40	(125)	120
Eliminations \| AB Holding
Adjustments related to:
Investment expenses	37	35	110	104
Eliminations \| Wealth Management
Adjustments related to:
Expense related to distribution fees	212	185	626	553
Adjustments
Adjustments related to:
Variable annuity product features	(738)	1,380	(1,136)	584
Investment gains (losses), net	(46)	(411)	(101)	(554)
Other adjustments to segment revenues	$ 84	$ (807)	$ (983)	$ (1,740)

BUSINESS SEGMENT INFORMATION _4

BUSINESS SEGMENT INFORMATION - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ 298,989	$ 276,814
Operating Segments \| Individual Retirement
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	107,610	93,500
Operating Segments \| Group Retirement
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	51,790	47,260
Operating Segments \| Asset Management
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	10,405	11,088
Operating Segments \| Protection Solutions
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	42,012	38,933
Operating Segments \| Wealth Management
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	291	144
Operating Segments \| Legacy
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	45,851	46,792
Corporate and Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ 41,030	$ 39,097

INSURANCE STATUTORY FINANCIAL_2

INSURANCE STATUTORY FINANCIAL INFORMATION (Details)	9 Months Ended
INSURANCE STATUTORY FINANCIAL INFORMATION (Details)	Sep. 30, 2024 USD ($) prescribed_and_permitted_practice	Sep. 30, 2022	Jun. 30, 2021 USD ($)
Related Party Transaction [Line Items]
Number of prescribed and permitted practices \| prescribed_and_permitted_practice	5
Increase (decrease) in statutory surplus	$ (158,000,000)
Statement of Statutory Accounting Principles 108
Related Party Transaction [Line Items]
Increase (decrease) in statutory special surplus funds	(71,000,000)
Unassigned surplus balance			$ 0
Increase (decrease) in statutory surplus	$ 1,500,000,000
Target liability change percentage	100%
Regulation Number 213
Related Party Transaction [Line Items]
Increase (decrease) in statutory surplus	$ (339,000,000)
Percentage of reserves phased-in		100%
Redundant reserve balance over TAR	330,000,000
Regulation Number 213 with Seperate Accounts
Related Party Transaction [Line Items]
Increase (decrease) in statutory surplus	$ 1,800,000,000

EARNINGS PER COMMON SHARE - Bas

EARNINGS PER COMMON SHARE - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic (in shares)		318.2	346.4	324.2	354.4
Effect of dilutive potential common shares, employee stock awards (in shares)		0	1.6	3.5	1.4
Weighted average common shares outstanding - diluted (in shares)		318.2	348	327.7	355.9
Net income (loss):
Net income (loss)		$ 26	$ 1,135	$ 808	$ 2,232
Less: Net income (loss) attributable to the noncontrolling interest	[1]	160	71	400	232
Net income (loss) attributable to Holdings		(134)	1,064	408	2,000
Less: Preferred stock dividends		14	14	54	54
Net income (loss) available to Holdings’ common shareholders, basic		(148)	1,050	354	1,946
Net income (loss) available to Holdings’ common shareholders, diluted		$ (148)	$ 1,050	$ 354	$ 1,946
Earnings per common share:
Basic (in dollars per share)		$ (0.47)	$ 3.03	$ 1.09	$ 5.49
Diluted (in dollars per share)		$ (0.47)	$ 3.02	$ 1.08	$ 5.47

[1]Includes redeemable noncontrolling interest. See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.

EARNINGS PER COMMON SHARE - Nar

EARNINGS PER COMMON SHARE - Narrative (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Antidilutive securities (in shares)	6.4	3.5	3	2.4

HELD-FOR-SALE - Narrative (Deta

HELD-FOR-SALE - Narrative (Details) $ in Millions			3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
HELD-FOR-SALE - Narrative (Details) $ in Millions	Apr. 01, 2024 USD ($)	Nov. 22, 2022	Sep. 30, 2024 USD ($) holdingCompany	Jun. 30, 2024 USD ($)	Sep. 30, 2024 USD ($) holdingCompany	Sep. 30, 2024 USD ($) holdingCompany director	Dec. 31, 2023 USD ($) holdingCompany
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liability recorded			$ 0		$ 0	$ 0	$ 153
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations \| Corporate Solutions Life Reinsurance Company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liability recorded							$ 153
NA JV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of directors included on the Board of Directors \| director						2
AB Holding And Societe Generale \| JVs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of joint venture \| holdingCompany			2		2	2	2
AB Holding And Societe Generale \| Outside NA JV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of joint venture \| holdingCompany							1
AB Holding And Societe Generale \| NA JV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of joint venture \| holdingCompany							1
AB Holding \| Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Alliance Bernstein Research Services Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Recognized revenues			$ 13		$ 25
Net carrying amount of assets and liabilities included in sale	$ 312
Pre-tax gain on divestiture				$ 135
Liability recorded	103
AB Holding \| Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations \| Corporate Solutions Life Reinsurance Company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non cash valuation adjustment							$ 7
AB Holding \| JVs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investment in consolidated subsidiaries	$ 284
AB Holding \| JVs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest in joint venture		49%
Period for option to sell ownership interest in joint venture	5 years
AB Holding \| NA JV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest in joint venture	66.70%
Number of directors included on the Board of Directors \| director						4
Societe Generale \| JVs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash payment to equalize value of investment	$ 304
Prepaid consideration	$ 103
Societe Generale \| JVs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest in joint venture		51%
Expected interest in joint venture	100%	100%
Period to reach expected interest in joint venture	5 years	5 years
Exercise period to increase ownership interest in joint venture	5 years
Societe Generale \| Outside NA JV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest in joint venture	51%
Societe Generale \| NA JV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest in joint venture	51%
Number of directors included on the Board of Directors \| director						3

HELD-FOR-SALE - Assets and Liab

HELD-FOR-SALE - Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Sep. 30, 2024
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Total liabilities held-for-sale	$ 153	$ 0
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations \| Corporate Solutions Life Reinsurance Company (CS Life)
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Cash and cash equivalents	153
Broker-dealer related receivables	107
Trading securities, at fair value	17
Goodwill and other intangible assets, net	164
Other assets	124
Total assets held-for-sale	565
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Broker-dealer related payables	39
Customers related payables	17
Other liabilities	97
Total liabilities held-for-sale	153
Other real estate, valuation adjustments	$ (7)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
	Oct. 02, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Feb. 05, 2024
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized						$ 1,300
Shares repurchased (in shares)		3.4	3.4	9.8	11.5
September 2024
Class of Stock [Line Items]
Aggregate amount of share repurchases authorized		$ 105		$ 105
September 2024 \| Subsequent Event
Class of Stock [Line Items]
Pre-payment of share repurchases	$ 105
Shares repurchased (in shares)	2