Athene Holding (ATH-PD) 10-Q 8 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Document Information [Line Items]
Entity Incorporation, State or Country Code	D0
Entity Tax Identification Number	98-0630022
Entity Registrant Name	ATHENE HOLDING LTD
Entity Address, Address Line One	Second Floor, Washington House
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM 11
Entity Address, Country	BM
Entity Central Index Key	0001527469
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Entity File Number	001-37963
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Common Stock, Shares Outstanding		203,805,432
City Area Code	441
Local Phone Number	279-8400
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Address, Address Line Two	16 Church Street
Preference Share, Series A
Document Information [Line Items]
Title of 12(b) Security	6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Share, Series A
Trading Symbol	ATHPrA
Security Exchange Name	NYSE
Preference Share, Series B
Document Information [Line Items]
Title of 12(b) Security	5.625% Fixed-Rate Perpetual Non-Cumulative Preference Share, Series B
Trading Symbol	ATHPrB
Security Exchange Name	NYSE
Preference Share, Series C
Document Information [Line Items]
Title of 12(b) Security	6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preference Share, Series C
Trading Symbol	ATHPrC
Security Exchange Name	NYSE
Series D Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	4.875% Fixed-Rate Perpetual Non-Cumulative Preference Share, Series D
Trading Symbol	ATHPrD
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments
Available-for-sale securities	$ 102,798	$ 110,561
Mortgage loans		24,148
Investment funds	13,186	9,866
Derivative assets	4,065	4,387
Cash and cash equivalents	9,823	9,479
Restricted cash	1,024	796
Accrued investment income (related party: 2022 – $77 and 2021 – $54)	1,226	962
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	4,356	4,594
Deferred acquisition costs, deferred sales inducements and value of business acquired	5,191	5,362
Goodwill	4,058	0
Other assets (related party: 2022 – $88 and 2021 – $0)	10,094	1,257
Total assets	236,700	235,149
Liabilities
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142)	166,894	156,325
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262)	54,709	42,488
Debt	3,271	2,964
Derivative liabilities	2,222	472
Payables for collateral on derivatives and securities to repurchase	7,015	7,044
Other liabilities (related party: 2022 – $265 and 2021 – $936)	3,054	3,214
Total liabilities	238,566	212,968
Commitments and Contingencies (Note 12)
Equity
Additional paid-in capital	17,607	6,667
Retained earnings (accumulated deficit)	(5,198)	11,033
Accumulated other comprehensive income (loss) (related party: 2022 – $(506) and 2021 – $33)	(13,755)	2,430
Total Athene Holding Ltd. shareholders’ equity (deficit)	(1,346)	20,130
Noncontrolling interests	(520)	2,051
Total equity (deficit)	(1,866)	22,181
Total liabilities and equity (deficit)	236,700	235,149
Fair Value
Liabilities
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142)	104,556	108,621
Debt	2,427	3,295
Recurring | Fair Value
Investments
Restricted cash	1,024	796
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	1,476	1,991
Liabilities
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142)	5,850	16,142
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262)	1,769	2,262
Derivative liabilities	2,222	472
Variable Interest Entities
Investments
Trading securities, at fair value	988	0
Equity securities, at fair value	15	0
Mortgage loans	2,000	2,040
Investment funds	11,885	1,297
Other investments	152	0
Cash and cash equivalents	418	154
Other assets (related party: 2022 – $88 and 2021 – $0)	94	32
Liabilities
Other liabilities (related party: 2022 – $265 and 2021 – $936)	1,401	461
Variable Interest Entities | Fair Value
Investments
Mortgage loans	337	2,152
Variable Interest Entities | Recurring | Fair Value
Investments
Trading securities, at fair value	988
Equity securities, at fair value	15
Mortgage loans	1,663	0
Other investments	152
Consolidated Entity, excluding Affiliated Entity
Investments
Available-for-sale securities	93,593	100,159
Trading securities, at fair value	1,590	2,056
Equity securities (portion at fair value: 2022 – $1,207 and 2021 – $1,170)	1,607	1,170
Mortgage loans	25,145	20,748
Investment funds	29	1,178
Policy loans	353	312
Funds withheld at interest	34,706	43,907
Derivative assets	4,065	4,387
Short-term Investments	318	139
Other investments	682	1,473
Total investments	162,088	175,529
Consolidated Entity, excluding Affiliated Entity | Fair Value
Investments
Mortgage loans		21,138
Policy loans	353	312
Funds withheld at interest	39,965	43,125
Short-term Investments	26
Other investments	16	1,343
Consolidated Entity, excluding Affiliated Entity | Recurring | Fair Value
Investments
Available-for-sale securities	93,593	100,159
Trading securities, at fair value	1,590	2,056
Equity securities, at fair value	1,207	1,170
Mortgage loans	25,145	17
Derivative assets	4,065	4,387
Short-term Investments	292	139
Other investments	666	130
Related Party
Investments
Available-for-sale securities	9,205	10,402
Trading securities, at fair value	905	1,781
Equity securities, at fair value	340	284
Mortgage loans	1,331	1,360
Investment funds	1,272	7,391
Funds withheld at interest	9,961	12,207
Other investments	274	222
Accrued investment income (related party: 2022 – $77 and 2021 – $54)	77	54
Other assets (related party: 2022 – $88 and 2021 – $0)	88	0
Liabilities
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142)	12,284	12,948
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262)	2,107	1,853
Other liabilities (related party: 2022 – $265 and 2021 – $936)	265	936
Equity
Accumulated other comprehensive income (loss) (related party: 2022 – $(506) and 2021 – $33)	(506)	33
Related Party | Fair Value
Investments
Mortgage loans		1,369
Funds withheld at interest	11,532	11,629
Other investments		223
Related Party | Recurring | Fair Value
Investments
Available-for-sale securities	9,205	10,402
Trading securities, at fair value	905	1,781
Equity securities, at fair value	340	284
Mortgage loans	1,331	0
Other investments	274	0
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary
Investments
Trading securities, at fair value	7	0
Mortgage loans	337	231
Investment funds	10,921	1,068
Liabilities
Other liabilities (related party: 2022 – $265 and 2021 – $936)	794	0
Preference Share, Series A
Equity
Preferred stock	0	0
Preference Share, Series B
Equity
Preferred stock	0	0
Preference Share, Series C
Equity
Preferred stock	0	0
Series D Preferred Stock
Equity
Preferred stock	0	0
Common Class A
Equity
Common stock	0	0
Investments, excluding investments in Related Party | Recurring | Fair Value
Investments
Equity securities, at fair value	1,207	1,170
Short-term Investments	$ 292	$ 139

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets
Reinsurance recoverable, fair value portion	$ 4,356	$ 4,594
Other assets, consolidated variable interest entities	10,094	1,257
AFS securities allowance for credit losses	436	123
Mortgage loans, net of allowances		24,148
Investment funds	13,186	9,866
Accrued investment income, related party	1,226	962
Available-for-sale securities	124,794	106,859
Liabilities and Equity
Interest sensitive contract liabilities	166,894	156,325
Future policy benefits	54,709	42,488
Other liabilities	3,054	3,214
Accumulated other comprehensive income (loss) (related party: 2022 – $(506) and 2021 – $33)	(13,755)	2,430
Variable Interest Entities
Assets
Other assets, consolidated variable interest entities	94	32
Equity securities, at fair value	15	0
Mortgage loans, net of allowances	2,000	2,040
Mortgage loans allowance for credit losses		78
Investment funds	11,885	1,297
Other investments	152	0
Trading securities, at fair value	988	0
Liabilities and Equity
Other liabilities	1,401	461
Related Party
Assets
Other assets, consolidated variable interest entities	88	0
AFS securities allowance for credit losses	1	0
Equity securities, at fair value	340	284
Mortgage loans, net of allowances	1,331	1,360
Mortgage loans allowance for credit losses		5
Investment funds	789	2,958
Investment funds	1,272	7,391
Funds withheld at interest	9,961	12,207
Other investments	274	222
Accrued investment income, related party	77	54
Available-for-sale securities	9,948	10,401
Trading securities, at fair value	905	1,781
Liabilities and Equity
Interest sensitive contract liabilities	12,284	12,948
Future policy benefits	2,107	1,853
Other liabilities	265	936
Accumulated other comprehensive income (loss) (related party: 2022 – $(506) and 2021 – $33)	(506)	33
Consolidated Entity, excluding Affiliated Entity
Assets
AFS securities allowance for credit losses	435	123
Mortgage loans, net of allowances	25,145	20,748
Mortgage loans allowance for credit losses		154
Investment funds	0	183
Investment funds	29	1,178
Funds withheld at interest	34,706	43,907
Short-term Investments, fair value portion	318	139
Other investments	682	1,473
Available-for-sale securities	114,846	96,458
Trading securities, at fair value	1,590	2,056
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary
Assets
Mortgage loans, net of allowances	337	231
Investment funds	10,921	1,068
Trading securities, at fair value	7	0
Liabilities and Equity
Other liabilities	$ 794	$ 0
Preference Share, Series A
Liabilities and Equity
Preferred stock, par value (in USD per share)	$ 1	$ 1
Aggregate liquidation preference	$ 863	$ 863
Preferred stock, authorized (in shares)	0	0
preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Preference Share, Series B
Liabilities and Equity
Preferred stock, par value (in USD per share)	$ 1	$ 1
Aggregate liquidation preference	$ 345	$ 345
Preferred stock, authorized (in shares)	0	0
preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Preference Share, Series C
Liabilities and Equity
Preferred stock, par value (in USD per share)	$ 1	$ 1
Aggregate liquidation preference	$ 600	$ 600
Preferred stock, authorized (in shares)	0	0
preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common Class A
Liabilities and Equity
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	425	425
Common stock issued (in shares)	203.8	192.2
Common stock outstanding (in shares)	203.8	192.2
Series D Preferred Stock
Liabilities and Equity
Preferred stock, par value (in USD per share)	$ 1	$ 1
Aggregate liquidation preference	$ 575	$ 575
Preferred stock, authorized (in shares)	0	0
preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Premiums Earned, Net	$ 3,045	$ 6,686	$ 10,769	$ 11,295
Insurance Commissions and Fees	184	154	525	461
Net Investment Income	1,843	1,472	5,252	5,158
Gain (Loss) on Investments	(2,849)	385	(12,812)	2,555
Other Income	(26)	24	(38)	58
Total revenues	2,309	8,724	3,835	19,538
Benefits and expenses
Interest Sensitive Contract Benefits Expense	89	572	(573)	2,945
Amortization of deferred sales inducements	0	32	0	138
Policyholder Benefits and Claims Incurred, Net	3,294	7,014	10,988	12,281
Amortization of deferred acquisition costs and value of business acquired	125	136	375	530
Other Cost and Expense, Operating	388	250	1,081	795
Total benefits and expenses	3,896	8,004	11,871	16,689
Income (loss) before income taxes	(1,587)	720	(8,036)	2,849
Income tax expense (benefit)	(210)	(50)	(1,101)	196
Net income (loss)	(1,377)	770	(6,935)	2,653
Less: Net income (loss) attributable to noncontrolling interests	(476)	37	(2,431)	(111)
Net income (loss) attributable to Athene Holding Ltd. shareholders	(901)	733	(4,504)	2,764
Less: Preferred stock dividends	35	35	105	106
Net income (loss) available to Athene Holding Ltd. common shareholder	(936)	698	(4,609)	2,658
Variable Interest Entities
Revenues
Net Investment Income	33	2	80	58
Gain (Loss) on Investments	79	1	59	(47)
Consolidated Entity Excluding Variable Interest Entities (VIE)
Revenues
Net Investment Income			5,252	5,158
Gain (Loss) on Investments			(12,812)	2,555
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary
Revenues
Net Investment Income	15	0	15	0
Gain (Loss) on Investments	$ 171	$ 15	$ 230	$ 15

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Premiums earned	$ 3,045	$ 6,686	$ 10,769	$ 11,295
Product charges	184	154	525	461
Net Investment Income	1,843	1,472	5,252	5,158
Investment expense	202	153	582	443
Investment gains (losses), net of offsets	(2,849)	385	(12,812)	2,555
Other Income	(26)	24	(38)	58
Interest Sensitive Contract Benefits Expense	89	572	(573)	2,945
Policyholder Benefits and Claims Incurred, Net	3,294	7,014	10,988	12,281
Policy and other operating expenses	388	250	1,081	795
Variable Interest Entities
Net Investment Income	33	2	80	58
Investment gains (losses), net of offsets	79	1	59	(47)
Related Party
Premiums earned	61	69	208	226
Product charges	11	10	31	33
Net Investment Income	234	314	959	1,770
Investment expense	195	146	563	430
Investment gains (losses), net of offsets	(541)	71	(1,751)	212
Other Income	(18)	2	0	17
Interest Sensitive Contract Benefits Expense	11	58	(36)	269
Policyholder Benefits and Claims Incurred, Net	70	85	204	285
Policy and other operating expenses	77	12	193	36
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary
Net Investment Income	15	0	15	0
Investment gains (losses), net of offsets	$ 171	$ 15	$ 230	$ 15

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,377)	$ 770	$ (6,935)	$ 2,653
Other comprehensive income (loss), before tax
Unrealized investment gains (losses) on available-for-sale securities, net of offsets	(5,711)	(684)	(19,414)	(1,583)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax	(80)	200	(128)	261
Foreign currency translation and other adjustments	41	(6)	(13)	(5)
Other Comprehensive Income (Loss), before Tax, Total	(5,750)	(490)	(19,555)	(1,327)
Income tax expense (benefit)	(991)	(88)	(3,444)	(239)
Other Comprehensive Income (Loss), Net of Tax, Total	(4,759)	(402)	(16,111)	(1,088)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total	(6,136)	368	(23,046)	1,565
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	(1,267)	(39)	(4,787)	(239)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (4,869)	$ 407	$ (18,259)	$ 1,804

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Preferred stock	Common stock	Additional paid-in capital	Retained earnings (accumulated deficit)	Accumulated other comprehensive income (loss)	Total Athene Holding Ltd. shareholders’ equity (deficit)	Noncontrolling interests	Common stock	Common stock Additional paid-in capital	Common stock Total Athene Holding Ltd. shareholders’ equity (deficit)
Beginning Balance at Dec. 31, 2020	$ 20,140	$ 0	$ 0	$ 6,613	$ 8,073	$ 3,971	$ 18,657	$ 1,483
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	2,653				2,764		2,764	(111)
Other Comprehensive Income (Loss), Net of Tax	(1,088)					(960)	(960)	(128)
Stock Issued During Period, Value, New Issues									$ 10	$ 10	$ 10
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	28			28			28
Stock Repurchased and Retired During Period, Value	(4)				(4)		(4)
Dividends, Preferred Stock	(106)				(106)		(106)
Contributions from noncontrolling interests	648							648
Noncontrolling Interest, Period Increase (Decrease)	91							91
Ending Balance at Sep. 30, 2021	22,372	0	0	6,651	10,727	3,011	20,389	1,983
Beginning Balance at Jun. 30, 2021	21,671	0	0	6,640	10,029	3,337	20,006	1,665
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	770				733		733	37
Other Comprehensive Income (Loss), Net of Tax	(402)					(326)	(326)	(76)
Stock Issued During Period, Value, New Issues	3									$ 3	$ 3
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	8			8			8
Dividends, Preferred Stock	(35)				(35)		(35)
Contributions from noncontrolling interests	328							328
Noncontrolling Interest, Period Increase (Decrease)	29							29
Ending Balance at Sep. 30, 2021	22,372	0	0	6,651	10,727	3,011	20,389	1,983
Beginning Balance at Dec. 31, 2021	22,181
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(6,935)
Other Comprehensive Income (Loss), Net of Tax	(16,111)
Ending Balance at Sep. 30, 2022	(1,866)	0	0	17,607	(5,198)	(13,755)	(1,346)	(520)
Beginning Balance at Jan. 01, 2022	22,546	0	0	20,270	0	0	20,270	2,276
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(6,935)				(4,504)		(4,504)	(2,431)
Other Comprehensive Income (Loss), Net of Tax	(16,111)					(13,755)	(13,755)	(2,356)
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	37			37			37
Dividends, Preferred Stock	(105)				(105)		(105)
Dividends, Common Stock	563				563		563
Adjustments to Additional Paid in Capital, Other	26			26			(26)
Dividends	(2,752)			(2,726)	(26)		(2,752)
Contributions from noncontrolling interests	1,047							1,047
Noncontrolling Interest, Period Increase (Decrease)	(84)							(84)
Noncontrolling Interest, Increase from Business Combination	1,028							1,028
Ending Balance at Sep. 30, 2022	(1,866)	0	0	17,607	(5,198)	(13,755)	(1,346)	(520)
Beginning Balance at Jun. 30, 2022	3,389	0	0	17,586	(4,074)	(9,787)	3,725	(336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,377)				(901)		(901)	(476)
Other Comprehensive Income (Loss), Net of Tax	(4,759)					(3,968)	(3,968)	(791)
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	14			14			14
Dividends, Preferred Stock	(35)				(35)		(35)
Dividends, Common Stock	188				188		188
Adjustments to Additional Paid in Capital, Other	7			7			(7)
Contributions from noncontrolling interests	336							336
Noncontrolling Interest, Period Increase (Decrease)	747							747
Ending Balance at Sep. 30, 2022	$ (1,866)	$ 0	$ 0	$ 17,607	$ (5,198)	$ (13,755)	$ (1,346)	$ (520)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income (loss)		$ (1,377)	$ 770	$ (6,935)	$ (6,935)	$ 2,653
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred acquisition costs and value of business acquired		125	136		375	530
Amortization of deferred sales inducements		0	32		0	138
Net amortization (accretion) of net investment premiums, discounts and other					234	(169)
Net investment (income) loss (related party: 2022 – $(119) and 2021 – $(986))					(311)	(1,070)
Net recognized (gains) losses on investments and derivatives (related party: 2022 – $427 and 2021 – $(162))					(5,958)	2,027
Policy acquisition costs deferred					(750)	(471)
Changes in operating assets and liabilities:
Accrued investment income (related party: 2022 – $(20) and 2021 – $(5))					(264)	(111)
Interest sensitive contract liabilities (related party: 2022 – $(66) and 2021 – $237)					(2,002)	2,095
Future policy benefits and reinsurance recoverable (related party: 2022 – $115 and 2021 – $196)					5,240	5,872
Funds withheld assets (related party: 2022 – $1,389 and 2021 – $(332))					6,118	(430)
Other assets and liabilities					(1,586)	251
Net cash provided by operating activities					6,077	7,261
Sales, maturities and repayments of:
Available-for-sale securities (related party: 2022 – $3,657 and 2021 – $1,228)					16,858	13,955
Trading securities (related party: 2022 – $79 and 2021 – $66)					167	151
Equity securities					152	226
Mortgage loans (related party: 2022 – $36 and 2021 – $16)					2,695	1,917
Investment funds (related party: 2022 – $1,733 and 2021 – $1,142)					1,971	1,332
Derivative instruments and other investments (related party: 2022 – $160 and 2021 – $330)					2,739	3,879
Short-term investments (related party: 2022 – $0 and 2021 – $98)					172	448
Purchases of:
Available-for-sale securities (related party: 2022 – $(3,008) and 2021 – $(2,091))					(28,050)	(28,994)
Trading securities (related party: 2022 – $(156) and 2021 – $(207))					(874)	(422)
Equity securities (related party: 2022 – $(208) and 2021 – $(46))					(406)	(326)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(440))					(9,824)	(6,794)
Investment funds (related party: 2022 – $(5,243) and 2021 – $(1,192))					(6,204)	(1,876)
Derivative instruments and other investments (related party: 2022 – $(226) and 2021 – $(31))					(2,235)	(3,042)
Short-term investments (related party: 2022 – $(33) and 2021 – $(100))					(384)	(350)
Cash Acquired from Acquisition					393	0
Cash Divested from Deconsolidation					(377)	0
Other investing activities, net					869	447
Net cash used in investing activities					(22,338)	(19,449)
Cash flows from financing activities
Issuance of common stock					0	10
Proceeds from debt					0	497
Deposits on investment-type policies and contracts (related party: 2022 – $55 and 2021 – $64)					23,329	16,030
Withdrawals on investment-type policies and contracts (related party: 2022 – $(253) and 2021 – $(287))					(7,903)	(5,272)
Payments for coinsurance agreements on investment-type contracts, net					(23)	(5)
Net change in cash collateral posted for derivative transactions and securities to repurchase					22	(328)
Preferred stock dividends					105	106
Payments of Ordinary Dividends, Common Stock					(1,313)	0
Repurchase of common stock					0	(4)
Other financing activities, net					1,370	133
Net cash provided by financing activities					17,115	12,259
Effect of exchange rate changes on cash and cash equivalents					(18)	(3)
Net increase in cash and cash equivalents					836	68
Cash and cash equivalents at beginning of year	[1]				10,429	8,442
Cash and cash equivalents at end of period	[1]	$ 11,265	$ 8,510	$ 11,265	11,265	8,510
Non-cash transactions
Deposits on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $221 and 2021 – $258)					808	980
Withdrawals on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $1,085 and 2021 – $1,179)					6,190	6,144
Assets contributed to consolidated VIEs						169
Apollo Aligned Alternatives, L.P.
Non-cash transactions
Assets contributed to consolidated VIEs					8,007
Related Party
Adjustments to reconcile net income to net cash provided by operating activities:
Net investment (income) loss (related party: 2022 – $(119) and 2021 – $(986))					(119)	(986)
Net recognized (gains) losses on investments and derivatives (related party: 2022 – $427 and 2021 – $(162))					(427)	162
Changes in operating assets and liabilities:
Accrued investment income (related party: 2022 – $(20) and 2021 – $(5))					(20)	(5)
Interest sensitive contract liabilities (related party: 2022 – $(66) and 2021 – $237)					(66)	237
Future policy benefits and reinsurance recoverable (related party: 2022 – $115 and 2021 – $196)					115	196
Funds withheld assets (related party: 2022 – $1,389 and 2021 – $(332))					1,389	(332)
Sales, maturities and repayments of:
Available-for-sale securities (related party: 2022 – $3,657 and 2021 – $1,228)					3,657	1,228
Trading securities (related party: 2022 – $79 and 2021 – $66)					79	66
Mortgage loans (related party: 2022 – $36 and 2021 – $16)					36	16
Investment funds (related party: 2022 – $1,733 and 2021 – $1,142)					1,733	1,142
Derivative instruments and other investments (related party: 2022 – $160 and 2021 – $330)					160	330
Short-term investments (related party: 2022 – $0 and 2021 – $98)					0	98
Purchases of:
Available-for-sale securities (related party: 2022 – $(3,008) and 2021 – $(2,091))					(3,008)	(2,091)
Trading securities (related party: 2022 – $(156) and 2021 – $(207))					(156)	(207)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(440))					(364)	(440)
Investment funds (related party: 2022 – $(5,243) and 2021 – $(1,192))					(5,243)	(1,192)
Derivative instruments and other investments (related party: 2022 – $(226) and 2021 – $(31))					(226)	(31)
Short-term investments (related party: 2022 – $(33) and 2021 – $(100))					(33)	(100)
Cash flows from financing activities
Deposits on investment-type policies and contracts (related party: 2022 – $55 and 2021 – $64)					55	64
Withdrawals on investment-type policies and contracts (related party: 2022 – $(253) and 2021 – $(287))					(253)	(287)
Non-cash transactions
Deposits on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $221 and 2021 – $258)					221	258
Withdrawals on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $1,085 and 2021 – $1,179)					1,085	1,179
Variable Interest Entities
Cash flows from financing activities
Capital contributions from noncontrolling interests					735	0
Consolidated Entity, excluding VIE Primary Beneficiary
Cash flows from financing activities
Capital contributions from noncontrolling interests					1,047	648
Reinsurance Settlements
Non-cash transactions
Transfer to Investments					36	104
Pension Risk Transfer Premiums
Non-cash transactions
Transfer to Investments					3,812	4,971
Dividend Declared
Non-cash transactions
Payments of Distributions to Affiliates					$ 2,145	$ 0
[1] 1 Includes cash and cash equivalents, restricted cash and cash and cash equivalents of consolidated variable interest entities.

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Amortization of deferred acquisition costs and value of business acquired	$ 375	$ 530
Net investments (income) loss	(311)	(1,070)
Net recognized (gains) losses on investments and derivatives	5,958	(2,027)
Accrued investment income	(264)	(111)
Policy acquisition costs deferred	(750)	(471)
Increase (Decrease) in Interest Sensitive Contract Liabilities	(2,002)	2,095
Increase (Decrease) in Insurance Liabilities	5,240	5,872
Funds withheld assets and liabilities	6,118	(430)
Sales, maturities and repayments of:
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale	16,858	13,955
Trading securities (related party: 2022 – $79 and 2021 – $66)	167	151
Mortgage loans (related party: 2022 – $36 and 2021 – $16)	2,695	1,917
Investment funds (related party: 2022 – $1,733 and 2021 – $1,142)	1,971	1,332
Derivative instruments and other investments (related party: 2022 – $160 and 2021 – $330)	2,739	3,879
Short-term investments	172	448
Purchases of:
Payments to Acquire Debt Securities, Available-for-sale	(28,050)	(28,994)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(440))	(9,824)	(6,794)
Trading securities	(874)	(422)
Investment funds	(6,204)	(1,876)
Derivative instruments and other investments (related party: 2022 – $(226) and 2021 – $(31))	(2,235)	(3,042)
Short-term investments	(384)	(350)
Deposits on investment-type policies and contracts	23,329	16,030
Repayments of Annuities and Investment Certificates	(7,903)	(5,272)
Payments for coinsurance agreements on investment-type contracts, net	(23)	(5)
Deposits on investment-type policies and contracts through reinsurance agreements	808	980
Withdrawals on investment-type policies and contracts through reinsurance agreements	6,190	6,144
Payments of Ordinary Dividends, Common Stock	1,313	0
Related Party
Net investments (income) loss	(119)	(986)
Net recognized (gains) losses on investments and derivatives	427	(162)
Accrued investment income	(20)	(5)
Increase (Decrease) in Interest Sensitive Contract Liabilities	(66)	237
Increase (Decrease) in Insurance Liabilities	115	196
Funds withheld assets and liabilities	1,389	(332)
Sales, maturities and repayments of:
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale	3,657	1,228
Trading securities (related party: 2022 – $79 and 2021 – $66)	79	66
Mortgage loans (related party: 2022 – $36 and 2021 – $16)	36	16
Investment funds (related party: 2022 – $1,733 and 2021 – $1,142)	1,733	1,142
Derivative instruments and other investments (related party: 2022 – $160 and 2021 – $330)	160	330
Short-term investments	0	98
Purchases of:
Payments to Acquire Debt Securities, Available-for-sale	(3,008)	(2,091)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(440))	(364)	(440)
Trading securities	(156)	(207)
Investment funds	(5,243)	(1,192)
Derivative instruments and other investments (related party: 2022 – $(226) and 2021 – $(31))	(226)	(31)
Short-term investments	(33)	(100)
Deposits on investment-type policies and contracts	55	64
Repayments of Annuities and Investment Certificates	(253)	(287)
Deposits on investment-type policies and contracts through reinsurance agreements	221	258
Withdrawals on investment-type policies and contracts through reinsurance agreements	1,085	1,179
Equity securities | Related Party
Purchases of:
Equity securities	(208)	(46)
Reinsurance Settlements
Purchases of:
Transfer to Investments	36	104
Pension Risk Transfer Premiums
Purchases of:
Transfer to Investments	$ 3,812	$ 4,971

Business, Basis of Presentation

Business, Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Business, Basis of Presentation, and Significant Accounting Policies	1. Business, Basis of Presentation and Significant Accounting Policies Athene Holding Ltd. (AHL), a Bermuda exempted company, together with its subsidiaries (collectively, Athene, we, our, us, or the Company), is a leading financial services company specializing in retirement services that issues, reinsures and acquires retirement savings products in the United States (US) and internationally. We conduct business primarily through the following consolidated subsidiaries: • Our non-US reinsurance subsidiaries, to which AHL’s other insurance subsidiaries and third-party ceding companies directly and indirectly reinsure a portion of their liabilities, including Athene Life Re Ltd. (ALRe), a Bermuda exempted company, Athene Annuity Re Ltd. (AARe) and Athene Life Re International Ltd. (ALReI); and • Athene USA Corporation, an Iowa corporation (together with its subsidiaries, AUSA). In addition, we consolidate certain variable interest entities (VIEs) for which we have determined we are the primary beneficiary. See Note 5 – Variable Interest Entities for further information on VIEs. Consolidation and Basis of Presentation —We have prepared the accompanying condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the United States Securities and Exchange Commission’s rules and regulations for Form 10-Q and Article 10 of Regulation S-X. The accompanying condensed consolidated financial statements are unaudited and reflect all adjustments, consisting only of normal recurring items, considered necessary for fair statement of the results for the interim periods presented. All intercompany accounts and transactions have been eliminated. Interim operating results are not necessarily indicative of the results expected for the entire year. For entities that are consolidated, but not wholly owned, we allocate a portion of the income or loss and corresponding equity to the owners other than us. We include the aggregate of the income or loss and corresponding equity that is not owned by us in noncontrolling interests in the condensed consolidated financial statements. The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements, but does not include all of the information and footnotes required by GAAP for complete financial statements. Therefore, these condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021. The preparation of financial statements requires the use of management estimates. Actual results may differ from estimates used in preparing the condensed consolidated financial statements. Merger – On January 1, 2022, we completed our merger with Apollo Global Management, Inc. (AGM, and together with its subsidiaries other than us or our subsidiaries, Apollo) and are now a direct wholly owned subsidiary of AGM. We have elected pushdown accounting in which we use AGM’s basis of accounting, which reflects the fair market value of our assets and liabilities at the time of the merger, unless otherwise prescribed by GAAP. Our condensed consolidated financial statements are presented as Predecessor for the periods prior to the merger and Successor for subsequent periods. We, along with certain of our non-US subsidiaries, are Bermuda exempted companies that have historically not been subject to US corporate income taxes on earnings. Due to the merger, our non-US earnings will generally be subject to US corporate income taxes. See Note 2 – Business Combination for further information on the merger. Segments —We operate our core business strategies out of one reportable segment. As a wholly owned subsidiary of AGM, we no longer report certain other operations in a corporate and other segment. Significant Accounting Policies Mortgage loans —Effective January 1, 2022, we elected the fair value option on our mortgage loan portfolio. Interest income is accrued on the principal amount of the loan based on its contractual interest rate. We accrue interest on loans until it is probable we will not receive interest, or the loan is 90 days past due unless guaranteed by US government-sponsored agencies. Interest income and prepayment fees are reported in net investment income on the condensed consolidated statements of income (loss). Changes in the fair value of the mortgage loan portfolio are reported in investment related gains (losses) on the condensed consolidated statements of income (loss). Derivative Instruments Embedded Derivatives – We issue and reinsure products, primarily indexed annuity products, or purchase investments that contain embedded derivatives. If we determine the embedded derivative has economic characteristics not clearly and closely related to the economic characteristics of the host contract, and a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host contract and accounted for separately, unless the fair value option is elected on the host contract. Under the fair value option, bifurcation of the embedded derivative is not necessary as the entire contract is carried at fair value with all related gains and losses recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Embedded derivatives are carried on the condensed consolidated balance sheets at fair value in the same line item as the host contract. Fixed indexed annuity, index-linked variable annuity and indexed universal life insurance contracts allow the policyholder to elect a fixed interest rate return or an equity market component for which interest credited is based on the performance of certain equity market indices. The equity market option is an embedded derivative. The benefit reserve is equal to the sum of the fair value of the embedded derivative and the host (or guaranteed) component of the contracts. The fair value of the embedded derivatives represents the present value of cash flows attributable to the indexed strategies. The embedded derivative cash flows are based on assumptions for future policy growth, which include assumptions for expected index credits on the next policy anniversary date, future equity option costs, volatility, interest rates and policyholder behavior assumptions including lapses and the use of benefit riders. The embedded derivative cash flows are discounted using a rate that reflects our own credit rating. The host contract is established at contract inception as the initial account value less the initial fair value of the embedded derivative and accreted over the policy’s life. Contracts acquired through a business combination which contain an embedded derivative are re-bifurcated as of the acquisition date. Changes in the fair value of embedded derivatives associated with fixed indexed annuities, index-linked variable annuities and indexed universal life insurance contracts are included in interest sensitive contract benefits on the condensed consolidated statements of income (loss). Additionally, reinsurance agreements written on a funds withheld or modco basis contain embedded derivatives. We have determined that the right to receive or obligation to pay the total return on the assets supporting the funds withheld at interest or funds withheld liability, respectively, represents a total return swap with a floating rate leg. The fair value of embedded derivatives on funds withheld and modco agreements is computed as the unrealized gain (loss) on the underlying assets and is included within funds withheld at interest for assumed agreements, and for ceded agreements the funds withheld liability is included in other liabilities on the condensed consolidated balance sheets. The change in the fair value of the embedded derivatives is recorded in investment related gains (losses) on the condensed consolidated statements of income (loss). Assumed and ceded earnings from funds withheld at interest, funds withheld liability and changes in the fair value of embedded derivatives are reported in operating activities on the condensed consolidated statements of cash flows. Contributions to and withdrawals from funds withheld at interest and funds withheld liability are reported in operating activities on the condensed consolidated statements of cash flows. Variable Interest Entities —An entity that does not have sufficient equity to finance its activities without additional financial support, or in which the equity investors, as a group, do not have the characteristics typically afforded to common shareholders is a VIE. The determination as to whether an entity qualifies as a VIE depends on the facts and circumstances surrounding each entity and may require significant judgment. Our investment funds typically qualify as VIEs and are evaluated for consolidation under the VIE model. We are required to consolidate a VIE if we are the primary beneficiary, defined as the variable interest holder with both the power to direct the activities that most significantly impact the VIE’s economic performance and rights to receive benefits or obligations to absorb losses that could be potentially significant to the VIE. We determine whether we are the primary beneficiary of an entity based on a qualitative assessment of the VIE’s capital structure, contractual terms, nature of the VIE’s operations and purpose and our relative exposure to the related risks of the VIE. Since affiliates of AGM, a related party under common control, are the decision makers in certain of the investment funds and securitization vehicles, we and a member of our related party group may together have the characteristics of the primary beneficiary in a VIE. In this situation, we have concluded we must consolidate the VIE when we have significant economic exposure to the entity. We reassess the VIE and primary beneficiary determinations on an ongoing basis. Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired Deferred Acquisition Costs and Deferred Sales Inducements – Costs related directly to the successful acquisition of new, or renewal of, insurance or investment contracts are deferred to the extent they are recoverable from future premiums or gross profits. These costs consist of commissions and policy issuance costs, as well as sales inducements credited to policyholder account balances, and are included in deferred acquisition costs (DAC), deferred sales inducements (DSI) and value of business acquired (VOBA) on the condensed consolidated balance sheets. We perform periodic tests, including at issuance, to determine if the deferred costs are recoverable. If we determine that the deferred costs are not recoverable, we record a cumulative charge to the current period. Deferred costs related to universal life-type policies and investment contracts with significant revenue streams from sources other than investment of the policyholder funds are amortized over the lives of the policies, based upon the proportion of the present value of actual and expected deferred costs to the present value of actual and expected gross profits to be earned over the life of the policies. Gross profits include investment spread margins, surrender charge income, policy administration charges and expenses, changes in the guaranteed lifetime withdrawal benefit (GLWB) and guaranteed minimum death benefit (GMDB) reserves and realized gains and losses on investments. Current period gross profits for fixed indexed annuities also include the change in fair value of both freestanding and embedded derivatives. Estimates of the expected gross profits and margins are based on assumptions using accepted actuarial methods related to policyholder behavior, including lapses and the utilization of benefit riders, mortality, yields on investments supporting the liabilities, future interest credited amounts (including indexed related credited amounts on fixed indexed annuity products), and other policy changes as applicable, and the level of expenses necessary to maintain the policies over their expected lives. Each reporting period, we update estimated gross profits with actual gross profits as part of the amortization process and adjust the DAC and DSI balances due to the other comprehensive income (OCI) effects of unrealized investment gains and losses on AFS securities. We also periodically revise the key assumptions used in the amortization calculation, which results in revisions to the estimated future gross profits. The effects of changes in assumptions are recorded as unlocking in the period in which the changes are made. Deferred costs related to investment contracts without significant revenue streams from sources other than investment of the policyholder funds are amortized using the effective interest method. The effective interest method amortizes the deferred costs by discounting the future liability cash flows at a break-even rate. The break-even rate is solved for such that the present value of future liability cash flows is equal to the net liability at the inception of the contract. Value of Business Acquired – We establish VOBA for blocks of insurance contracts acquired through the acquisition of insurance entities and through application of pushdown accounting. We record the fair value of the liabilities assumed in two components: reserves and VOBA. Reserves are established using our best estimate assumptions, plus a provision for adverse deviation where applicable, as of the business combination date. VOBA is the difference between the fair value of the liabilities and the reserves. VOBA can be either positive or negative. Any negative VOBA is recorded to the same financial statement line on the condensed consolidated balance sheets as the associated reserves. Positive VOBA is recorded in deferred acquisition costs, deferred sales inducements and value of business acquired on the condensed consolidated balance sheets. We perform periodic tests to determine if the VOBA remains recoverable. If we determine that VOBA is not recoverable, we record a cumulative charge to the current period. In connection with the application of pushdown accounting, we changed our VOBA amortization method such that all VOBA and negative VOBA balances are amortized in relation to applicable policyholder liabilities. Significant assumptions that impact VOBA and negative VOBA amortization are consistent with those that impact the measurement of policyholder liabilities. See Note 7 – Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired for further information. Recognition of Revenues and Related Expenses —Revenues for universal life-type policies and investment contracts, including surrender and market value adjustments, costs of insurance, policy administration, GMDB, GLWB and no-lapse guarantee charges, are earned when assessed against policyholder account balances during the period. Interest credited to policyholder account balances and the change in fair value of embedded derivatives within fixed indexed annuity contracts is included in interest sensitive contract benefits on the condensed consolidated statements of income (loss). Premiums for long-duration contracts, including products with fixed and guaranteed premiums and benefits, are recognized as revenue when due from policyholders. When premiums are due over a significantly shorter period than the period over which benefits are provided, such as immediate annuities with life contingencies (which includes pension group annuities), a deferred profit liability is established equal to the excess of the gross premium over the net premium. The deferred profit liability is recognized in future policy benefits on the condensed consolidated balance sheets and amortized into income in relation to applicable policyholder liabilities through future policy and other policy benefits on the condensed consolidated statements of income (loss). All insurance related revenue is reported net of reinsurance ceded. Reclassifications —Certain reclassifications have been made to conform with current year presentation. Recently Issued Accounting Pronouncements Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts (ASU 2020-11, ASU 2019-09, ASU 2018-12) These updates amend four key areas pertaining to the accounting and disclosures for long-duration insurance and investment contracts. • The update requires cash flow assumptions used to measure the liability for future policy benefits to be updated at least annually and no longer allows a provision for adverse deviation. The remeasurement of the liability associated with the update of assumptions is required to be recognized in net income. Loss recognition testing is eliminated for traditional and limited-payment contracts. The update also requires the discount rate used in measuring the liability to be an upper-medium grade fixed-income instrument yield, which is to be updated at each reporting date. The change in liability due to changes in the discount rate is to be recognized in other comprehensive income. • The update simplifies the amortization of deferred acquisition costs and other balances amortized in proportion to premiums, gross profits, or gross margins, requiring such balances to be amortized on a constant level basis over the expected term of the contracts. Deferred costs are required to be written off for unexpected contract terminations but are not subject to impairment testing. • The update requires certain contract features meeting the definition of market risk benefits to be measured at fair value. Among the features included in this definition are GLWB and GMDB riders attached to our annuity products. The change in fair value of the market risk benefits is to be recognized in net income, excluding the portion attributable to changes in instrument-specific credit risk which is recognized in other comprehensive income. • The update also introduces disclosure requirements around the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities, and deferred acquisition costs. This includes disaggregated rollforwards of these balances and information about significant inputs, judgments, assumptions and methods used in their measurement. We are required to adopt these updates on January 1, 2023. Certain provisions of the update are required to be adopted on a fully retrospective basis, while others may be adopted on a modified retrospective basis. Early adoption is permitted. We do not expect that the adoption of this standard will have a material effect on our shareholders’ equity as of our transition date, which is January 1, 2022. Subsequent to the transition date, the remeasurement of liabilities for certain products and features that include use of current discount rates can reasonably be expected to have a significant positive impact on our US GAAP shareholders’ equity as of September 30, 2022, given the increase in rates for the nine months then ended. We are continuing to evaluate the quantitative impact of adopting this guidance on our consolidated financial statements for periods subsequent to our transition date.

Business Combinations and Asset

Business Combinations and Asset Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combination Disclosure	2. Business Combination At the closing of the merger with AGM, each issued and outstanding AHL Class A common share (other than shares held by Apollo, the Apollo Operating Group (AOG) or the respective direct or indirect wholly owned subsidiaries of Athene or the AOG) was converted automatically into 1.149 shares of AGM common shares and any cash paid in lieu of fractional AGM common shares. In connection with the merger, AGM issued to AHL Class A common shareholders 158.2 million AGM common shares in exchange for 137.6 million AHL Class A common shares that were issued and outstanding as of the acquisition date, exclusive of the 54.6 million shares previously held by Apollo immediately before the acquisition date. The consideration was calculated based on historical AGM’s December 31, 2021 closing share price multiplied by the AGM common shares issued in the share exchange, as well as the fair value of stock-based compensation awards replaced, fair value of warrants converted to AGM common shares and other equity consideration, and effective settlement of pre-existing relationships and other consideration. The following represents the calculation of consideration: (In millions, except exchange ratio and share price data) Consideration AHL common shares purchased 138 Exchange ratio 1.149 Shares of common stock issued in exchange 158 AGM Class A shares closing price $ 72.43 Total merger consideration at closing $ 11,455 Fair value of estimated RSUs, options and warrants assumed and other equity consideration 699 Effective settlement of pre-existing relationships 896 Total merger consideration 13,050 Fair value of AHL common shares previously held by Apollo and other adjustments 4,554 Total AHL equity value held by AGM 17,604 Fair value of preferred stock 2,666 Noncontrolling interest 2,276 Total AHL equity value $ 22,546 The following represents the calculation of goodwill and fair value amounts recognized: (In millions) Fair value and goodwill calculation Merger consideration $ 13,050 Fair value of AHL common shares previously held by Apollo and other adjustments 4,554 Total AHL equity value held by AGM 17,604 Assets Investments $ 176,015 Cash and cash equivalents 9,479 Restricted cash 796 Investment in related parties 33,863 Reinsurance recoverable 4,977 VOBA 4,547 Other assets 5,729 Assets of consolidated variable interest entities 3,635 Estimated fair value of total assets acquired by AGM 239,041 Liabilities Interest sensitive contract liabilities 160,205 Future policy benefits 47,105 Debt 3,295 Payables for collateral on derivatives and securities to repurchase 7,044 Other liabilities 2,443 Liabilities of consolidated variable interest entities 461 Estimated fair value of total liabilities assumed by AGM 220,553 Identifiable net assets 18,488 Less: Fair value of preferred stock 2,666 Less: Fair value of noncontrolling interests 2,276 Estimated fair value of net assets acquired by AGM, excluding goodwill 13,546 Goodwill attributable to AHL $ 4,058 Included within the above are provisional amounts for (1) VOBA, (2) interest sensitive contract liabilities, (3) future policy benefits, and (4) other assets and other liabilities for the portion of our net assets AGM acquired relating to other identifiable intangible assets and deferred taxes, based on the availability of data as of the date the financial statements were available to be issued. Adjustments to provisional amounts are made prospectively as data becomes available. The income effects from changes to provisional amounts are recorded in the period the adjustment is made, as if the adjustment had been recorded on the merger date. During the nine months ended September 30, 2022, we made adjustments which decreased provisional goodwill by $123 million. The adjustments were comprised of $40 million for measurement period adjustments and $83 million to adjust a valuation of an investment. The measurement period adjustments were primarily related to decreases in interest sensitive contract liabilities and future policy benefits and the income statement effects were immaterial to those periods. We expect to finalize pushdown accounting as soon as practicable but no later than one year from the merger date. As part of pushdown accounting, we recorded the calculated goodwill based on the amount that our AHL equity value to be held by AGM exceeded the fair value of identifiable net assets less the amounts attributable to fair values of preferred stock and noncontrolling interests. Goodwill is primarily attributable to the scale, skill sets, operations, and synergies that can be achieved subsequent to the merger. The goodwill recorded is not expected to be deductible for tax purposes. We incurred transaction costs of $70 million associated with the merger which were included in policy and other operating expenses on the consolidated statements of income for the year ended December 31, 2021. We also recorded VOBA and other identifiable intangible assets. Other identifiable intangible assets are included in other assets on the condensed consolidated balance sheets, as follows: Distribution channels These assets are valued using the excess earnings method, which derives value based on the present value of the cash flow attributable to the distribution channels, less returns for contributory assets. Trade name This represents the Athene trade name and was valued using the relief-from-royalty method considering publicly available third-party trade name royalty rates as well as expected premiums generated by the use of the trade name over its anticipated life. Insurance licenses Licenses are protected through registration and were valued using the market approach based on third-party market transactions from which the prices paid for state insurance licenses could be derived. The fair value and weighted average estimated useful life of identifiable intangible assets consists of the following: Fair value (in millions) Weighted average useful life (in years) VOBA $ 4,547 7 Distribution channels 1,870 18 Trade name 160 20 Insurance licenses 26 Indefinite Total $ 6,603

Investments

Investments	9 Months Ended
	Sep. 30, 2022
Schedule of Investments [Abstract]
Investments	3. Investments AFS Securities — Our AFS investment portfolio includes bonds, collateralized loan obligations (CLO), asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS) and redeemable preferred stock. Our AFS investment portfolio includes related party investments that are primarily comprised of investments over which Apollo can exercise significant influence. These investments are presented as investments in related parties on the condensed consolidated balance sheets, and are separately disclosed below. The following table represents the amortized cost, allowance for credit losses, gross unrealized gains and losses and fair value of our AFS investments by asset type: Successor September 30, 2022 (In millions) Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities US government and agencies $ 3,229 $ — $ — $ (731) $ 2,498 US state, municipal and political subdivisions 1,217 — — (297) 920 Foreign governments 1,208 (27) 2 (322) 861 Corporate 72,556 (66) 50 (15,632) 56,908 CLO 16,235 (5) 3 (2,087) 14,146 ABS 10,691 (13) 8 (814) 9,872 CMBS 3,462 (3) — (396) 3,063 RMBS 6,248 (321) 7 (609) 5,325 Total AFS securities 114,846 (435) 70 (20,888) 93,593 AFS securities – related party Corporate 1,076 — 3 (57) 1,022 CLO 3,047 (1) — (415) 2,631 ABS 5,825 — 1 (274) 5,552 Total AFS securities – related party 9,948 (1) 4 (746) 9,205 Total AFS securities including related party $ 124,794 $ (436) $ 74 $ (21,634) $ 102,798 Predecessor December 31, 2021 (In millions) Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities US government and agencies $ 231 $ — $ 2 $ (10) $ 223 US state, municipal and political subdivisions 1,081 — 134 (2) 1,213 Foreign governments 1,110 — 35 (17) 1,128 Corporate 62,817 — 4,060 (651) 66,226 CLO 13,793 — 44 (185) 13,652 ABS 8,890 (17) 151 (35) 8,989 CMBS 2,764 (3) 56 (59) 2,758 RMBS 5,772 (103) 326 (25) 5,970 Total AFS securities 96,458 (123) 4,808 (984) 100,159 AFS securities – related party Corporate 842 — 19 (2) 859 CLO 2,573 — 5 (29) 2,549 ABS 6,986 — 61 (53) 6,994 Total AFS securities – related party 10,401 — 85 (84) 10,402 Total AFS securities including related party $ 106,859 $ (123) $ 4,893 $ (1,068) $ 110,561 The amortized cost and fair value of AFS securities, including related party, are shown by contractual maturity below: Successor September 30, 2022 (In millions) Amortized Cost Fair Value AFS securities Due in one year or less $ 1,053 $ 1,031 Due after one year through five years 10,912 9,837 Due after five years through ten years 20,900 17,101 Due after ten years 45,345 33,218 CLO, ABS, CMBS and RMBS 36,636 32,406 Total AFS securities 114,846 93,593 AFS securities – related party Due in one year or less 1 1 Due after one year through five years 23 21 Due after five years through ten years 898 870 Due after ten years 154 130 CLO and ABS 8,872 8,183 Total AFS securities – related party 9,948 9,205 Total AFS securities including related party $ 124,794 $ 102,798 Actual maturities can differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Unrealized Losses on AFS Securities — The following summarizes the fair value and gross unrealized losses for AFS securities, including related party, for which an allowance for credit losses has not been recorded, aggregated by asset type and length of time the fair value has remained below amortized cost: Successor September 30, 2022 Less than 12 months 12 months or more Total (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses AFS securities US government and agencies $ 2,482 $ (731) $ — $ — $ 2,482 $ (731) US state, municipal and political subdivisions 916 (297) — — 916 (297) Foreign governments 843 (322) — — 843 (322) Corporate 56,317 (15,631) — — 56,317 (15,631) CLO 13,636 (2,043) — — 13,636 (2,043) ABS 7,436 (730) — — 7,436 (730) CMBS 2,880 (384) — — 2,880 (384) RMBS 3,573 (428) — — 3,573 (428) Total AFS securities 88,083 (20,566) — — 88,083 (20,566) AFS securities – related party Corporate 409 (56) — — 409 (56) CLO 2,581 (412) — — 2,581 (412) ABS 5,018 (249) — — 5,018 (249) Total AFS securities – related party 8,008 (717) — — 8,008 (717) Total AFS securities including related party $ 96,091 $ (21,283) $ — $ — $ 96,091 $ (21,283) Predecessor December 31, 2021 Less than 12 months 12 months or more Total (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses AFS securities US government and agencies $ 164 $ (8) $ 22 $ (2) $ 186 $ (10) US state, municipal and political subdivisions 122 (2) 1 — 123 (2) Foreign governments 387 (17) 1 — 388 (17) Corporate 18,995 (523) 863 (59) 19,858 (582) CLO 7,685 (124) 1,537 (35) 9,222 (159) ABS 4,038 (16) 165 (12) 4,203 (28) CMBS 880 (29) 177 (22) 1,057 (51) RMBS 437 (9) 274 (5) 711 (14) Total AFS securities 32,708 (728) 3,040 (135) 35,748 (863) AFS securities – related party Corporate 313 (2) — — 313 (2) CLO 1,245 (20) 163 (3) 1,408 (23) ABS 3,801 (52) 13 (1) 3,814 (53) Total AFS securities – related party 5,359 (74) 176 (4) 5,535 (78) Total AFS securities including related party $ 38,067 $ (802) $ 3,216 $ (139) $ 41,283 $ (941) The following summarizes the number of AFS securities that were in an unrealized loss position, including related party, for which an allowance for credit losses has not been recorded: Successor September 30, 2022 Unrealized loss position Unrealized loss position 12 months or more AFS securities 9,160 — AFS securities – related party 173 — The unrealized losses on AFS securities can primarily be attributed to changes in market interest rates since application of pushdown accounting or acquisition. We did not recognize the unrealized losses in income as we intend to hold these securities and it is not more likely than not we will be required to sell a security before the recovery of its amortized cost. Allowance for Credit Losses — The following table summarizes the activity in the allowance for credit losses for AFS securities by asset type: Successor Three months ended September 30, 2022 Additions Reductions (In millions) Beginning Balance Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Foreign governments $ 61 $ — $ — $ (28) $ — $ (6) $ 27 Corporate 70 5 — — (6) (3) 66 CLO 107 2 — — — (104) 5 ABS 14 7 — — — (8) 13 CMBS 9 — — — — (6) 3 RMBS 348 1 2 (7) — (23) 321 Total AFS securities 609 15 2 (35) (6) (150) 435 AFS securities – related party CLO 19 — — — — (18) 1 ABS 1 — — — — (1) — Total AFS securities – related party 20 — — — — (19) 1 Total AFS securities including related party $ 629 $ 15 $ 2 $ (35) $ (6) $ (169) $ 436 Predecessor Three months ended September 30, 2021 Additions Reductions (In millions) Beginning balance Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Corporate $ 5 $ — $ — $ — $ — $ (1) $ 4 CLO 3 4 — — — (3) 4 ABS 10 — — — — 6 16 CMBS 6 — — — — (5) 1 RMBS 83 1 — (4) — 7 87 Total AFS securities 107 5 — (4) — 4 112 AFS securities – related party, CLO 2 3 — — — (1) 4 Total AFS securities including related party $ 109 $ 8 $ — $ (4) $ — $ 3 $ 116 Successor Nine months ended September 30, 2022 Additions Reductions (In millions) January 1, 2022 Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Foreign governments $ — $ 66 $ — $ (28) $ — $ (11) $ 27 Corporate — 66 — — (6) 6 66 CLO — 24 — — — (19) 5 ABS 5 16 — — — (8) 13 CMBS — 14 — — — (11) 3 RMBS 306 30 3 (24) — 6 321 Total AFS securities 311 216 3 (52) (6) (37) 435 AFS securities – related party CLO — 3 — — — (2) 1 ABS — 18 — — — (18) — Total AFS securities – related party — 21 — — — (20) 1 Total AFS securities including related party $ 311 $ 237 $ 3 $ (52) $ (6) $ (57) $ 436 Predecessor Nine months ended September 30, 2021 Additions Reductions (In millions) Beginning balance Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Corporate $ 6 $ 3 $ — $ (2) $ — $ (3) $ 4 CLO 1 7 — — — (4) 4 ABS 6 5 — — — 5 16 CMBS 10 2 — — — (11) 1 RMBS 80 1 6 (10) — 10 87 Total AFS securities 103 18 6 (12) — (3) 112 AFS securities – related party, CLO 1 5 — (1) — (1) 4 Total AFS securities including related party $ 104 $ 23 $ 6 $ (13) $ — $ (4) $ 116 Net Investment Income —Net investment income by asset class, including related party, consists of the following: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 AFS securities $ 1,077 $ 937 $ 2,885 $ 2,736 Trading securities 41 60 153 183 Equity securities 17 8 41 15 Mortgage loans 336 202 870 569 Investment funds (35) 183 373 1,326 Funds withheld at interest 534 188 1,347 566 Other 75 47 165 206 Investment revenue 2,045 1,625 5,834 5,601 Investment expenses (202) (153) (582) (443) Net investment income $ 1,843 $ 1,472 $ 5,252 $ 5,158 Investment Related Gains (Losses) —Investment related gains (losses) by asset class, including related party, consists of the following: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 AFS securities Gross realized gains on investment activity $ 84 $ 118 $ 404 $ 399 Gross realized losses on investment activity (761) (93) (2,003) (407) Net realized investment gains (losses) on AFS securities (677) 25 (1,599) (8) Net recognized investment losses on trading securities (121) (23) (489) (31) Net recognized investment gains (losses) on equity securities (9) 57 (257) 82 Net recognized investment losses on mortgage loans (1,199) — (3,094) — Derivative gains (losses) (1,821) 254 (8,794) 2,300 Provision for credit losses 171 12 (193) 72 Other gains 807 60 1,614 140 Investment related gains (losses) $ (2,849) $ 385 $ (12,812) $ 2,555 Proceeds from sales of AFS securities were $635 million and $2,177 million for the three months ended September 30, 2022 and 2021, respectively, and $9,405 million and $5,762 million for the nine months ended September 30, 2022 and 2021, respectively. Proceeds from sales of AFS securities for the three and nine months ended September 30, 2021 have been revised to correct a misstatement, which was not material, to be comparable to current year amounts. The following table summarizes the change in unrealized gains (losses) on trading and equity securities, including related party, we held as of the respective period end: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Trading securities $ (119) $ (15) $ (455) $ (70) Trading securities – related party 3 20 (3) 74 Equity securities 2 46 (237) 73 Equity securities – related party (18) 3 (31) 4 Repurchase Agreements— The following table summarizes the maturities of our repurchase agreements: Successor September 30, 2022 Remaining Contractual Maturity (In millions) Overnight and continuous Less than 30 days 30-90 days 91 days to 1 year Greater than 1 year Total Payables for repurchase agreements 1 $ — $ 150 $ 1,260 $ 201 $ 2,866 $ 4,477 1 Included in payables for collateral on derivatives and securities to repurchase on the condensed consolidated balance sheets. Predecessor December 31, 2021 Remaining Contractual Maturity (In millions) Overnight and continuous Less than 30 days 30-90 days 91 days to 1 year Greater than 1 year Total Payables for repurchase agreements 1 $ — $ 2,512 $ — $ — $ 598 $ 3,110 1 Included in payables for collateral on derivatives and securities to repurchase on the condensed consolidated balance sheets. The following table summarizes the securities pledged as collateral for repurchase agreements: Successor Predecessor September 30, 2022 December 31, 2021 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value AFS securities U.S. government and agencies $ 2,093 $ 1,592 $ — $ — Foreign governments 147 104 — — Corporate 1,965 1,580 2,923 3,208 CLO 282 264 — — ABS 1,207 1,066 — — Total securities pledged under repurchase agreements $ 5,694 $ 4,606 $ 2,923 $ 3,208 Reverse Repurchase Agreements — As of September 30, 2022, amounts loaned under reverse repurchase agreements were $26 million, and collateral received was $616 million. Mortgage Loans, including related party and consolidated VIEs —Mortgage loans includes both commercial and residential loans. In connection with the merger, we elected the fair value option on our mortgage loan portfolio. See Note 6 – Fair Value for further fair value option information. The following represents the mortgage loan portfolio, with fair value option loans presented at unpaid principal balance: Successor (In millions) September 30, 2022 Commercial mortgage loans $ 19,976 Commercial mortgage loans under development 780 Total commercial mortgage loans 20,756 Mark to fair value (1,849) Commercial mortgage loans 18,907 Residential mortgage loans 10,332 Mark to fair value (763) Residential mortgage loans 9,569 Mortgage loans $ 28,476 The following represents the mortgage loan portfolio based on amortized cost: Predecessor (In millions) December 31, 2021 Commercial mortgage loans $ 16,565 Commercial mortgage loans under development 499 Total commercial mortgage loans 17,064 Allowance for credit losses on commercial mortgage loans (167) Commercial mortgage loans 16,897 Residential mortgage loans 7,321 Allowance for credit losses on residential mortgage loans (70) Residential mortgage loans 7,251 Mortgage loans $ 24,148 We primarily invest in commercial mortgage loans on income producing properties including office and retail buildings, apartments, hotels and industrial properties. We diversify the commercial mortgage loan portfolio by geographic region and property type to reduce concentration risk. We evaluate mortgage loans based on relevant current information to confirm if properties are performing at a consistent and acceptable level to secure the related debt. The distribution of commercial mortgage loans, including those under development, by property type and geographic region, is as follows: Successor Predecessor September 30, 2022 December 31, 2021 (In millions, except for percentages) Net Carrying Value Percentage of Total Net Carrying Value Percentage of Total Property type Office building $ 4,730 25.0 % $ 4,870 28.8 % Retail 1,411 7.5 % 2,022 12.0 % Apartment 5,935 31.4 % 4,626 27.4 % Hotels 1,818 9.6 % 1,727 10.2 % Industrial 1,726 9.1 % 2,336 13.8 % Other commercial 3,287 17.4 % 1,316 7.8 % Total commercial mortgage loans $ 18,907 100.0 % $ 16,897 100.0 % US region East North Central $ 1,560 8.3 % $ 1,697 10.0 % East South Central 408 2.2 % 470 2.8 % Middle Atlantic 4,141 21.9 % 3,637 21.5 % Mountain 884 4.7 % 460 2.7 % New England 1,063 5.6 % 453 2.7 % Pacific 3,875 20.5 % 3,994 23.6 % South Atlantic 2,743 14.5 % 2,817 16.7 % West North Central 253 1.3 % 271 1.6 % West South Central 1,080 5.7 % 997 5.9 % Total US region 16,007 84.7 % 14,796 87.5 % International region United Kingdom 1,802 9.5 % 1,279 7.6 % Other International 1 1,098 5.8 % 822 4.9 % Total international region 2,900 15.3 % 2,101 12.5 % Total commercial mortgage loans $ 18,907 100.0 % $ 16,897 100.0 % 1 Represents all other countries, with each individual country comprising less than 5% of the portfolio. Our residential mortgage loan portfolio includes first lien residential mortgage loans collateralized by properties in various geographic locations and is summarized by proportion of the portfolio in the following table: Successor Predecessor September 30, 2022 December 31, 2021 US states California 30.8 % 28.4 % Florida 9.9 % 11.4 % New Jersey 5.6 % 5.1 % New York 5.6 % 4.8 % Other 1 35.3 % 38.5 % Total US residential mortgage loan percentage 87.2 % 88.2 % International United Kingdom 4.6 % 3.8 % Ireland 3.4 % 6.4 % Other 2 4.8 % 1.6 % Total international residential mortgage loan percentage 12.8 % 11.8 % Total residential mortgage loan percentage 100.0 % 100.0 % 1 Represents all other states, with each individual state comprising less than 5% of the portfolio. 2 Represents all other countries, with each individual country comprising less than 5% of the portfolio. Investment Funds —Our investment fund portfolio consists of funds that employ various strategies and include investments in origination platforms, insurance platforms, and equity, hybrid, yield and other funds. Investment funds can meet the definition of VIEs, which are discussed further in Note 5 – Variable Interest Entities . Our investment funds do not specify timing of distributions on the funds’ underlying assets. The following summarizes our investment funds, including related party and consolidated VIEs: Successor Predecessor September 30, 2022 December 31, 2021 1 (In millions, except for percentages) Carrying value Percent of total Carrying value Percent of total Investment funds Equity $ 5 17.2 % $ 410 34.8 % Hybrid 20 69.0 % 667 56.6 % Yield 4 13.8 % 99 8.4 % Other — — % 2 0.2 % Total investment funds 29 100.0 % 1,178 100.0 % Investment funds – related parties Strategic origination platforms 68 5.3 % 1,338 18.1 % Strategic insurance platforms 1,048 82.4 % 1,440 19.5 % Apollo and other fund investments Equity 135 10.7 % 1,199 16.2 % Hybrid — — % 952 12.9 % Yield 4 0.3 % 305 4.1 % Other 2 17 1.3 % 2,157 29.2 % Total investment funds – related parties 1,272 100.0 % 7,391 100.0 % Investment funds owned by consolidated VIEs Strategic origination platforms 4,524 38.1 % 264 20.3 % Strategic insurance platforms 545 4.6 % — — % Apollo and other fund investments Equity 2,568 21.5 % 229 17.7 % Hybrid 3,183 26.8 % 56 4.3 % Yield 985 8.3 % 748 57.7 % Other 80 0.7 % — — % Total investment funds owned by consolidated VIEs 11,885 100.0 % 1,297 100.0 % Total investment funds including related party and funds owned by consolidated VIEs $ 13,186 $ 9,866 Note: During 2022, we contributed the majority of our investment funds to Apollo Aligned Alternatives, L.P. (AAA), which we consolidate as a VIE. See Note 11 – Related Parties for further information on AAA. 1 Certain reclassifications have been made to conform with current year presentation. 2 Includes our investment in Apollo held as of December 31, 2021. Non-Consolidated Securities and Investment Funds Fixed maturity securities – We invest in securitization entities as a debt holder or an investor in the residual interest of the securitization vehicle. These entities are deemed VIEs due to insufficient equity at risk within the structure and lack of control by the equity investors over the activities that significantly impact the economics of the entity. In general, we are a debt investor within these entities and, as such, hold a variable interest; however, due to the debt holders’ lack of ability to control the decisions within the securitization entity that significantly impact the entity, and the fact the debt holders are protected from losses due to the subordination of the equity tranche, the debt holders are not deemed the primary beneficiary. Securitization vehicles in which we hold the residual tranche are not consolidated because we do not unilaterally have substantive rights to remove the general partner, or when assessing related party interests, we are not under common control, as defined by GAAP, with the related party, nor are substantially all of the activities conducted on our behalf; therefore, we are not deemed the primary beneficiary. Debt investments and investments in the residual tranche of securitization entities are considered debt instruments and are held at fair value on the balance sheets and classified as AFS or trading. Investment funds – Investment funds include non-fixed income, alternative investments in the form of limited partnerships or similar legal structures. Equity securities – We invest in preferred equity securities issued by entities deemed to be VIEs due to insufficient equity at risk within the structure. Our risk of loss associated with our non-consolidated investments depends on the investment. Investment funds, equity securities and trading securities are limited to the carrying value plus unfunded commitments. AFS securities are limited to amortized cost plus unfunded commitments. The following summarizes the carrying value and maximum loss exposure of these non-consolidated investments: Successor Predecessor September 30, 2022 December 31, 2021 (In millions) Carrying Value Maximum Loss Exposure Carrying Value Maximum Loss Exposure Investment funds $ 29 $ 323 $ 1,178 $ 1,792 Investment in related parties – investment funds 1,272 1,272 7,391 10,922 Assets of consolidated VIEs – investment funds 11,885 19,330 1,297 1,647 Investment in fixed maturity securities 32,801 37,775 31,769 31,622 Investment in related parties – fixed maturity securities 9,088 9,806 11,324 12,681 Investment in related parties – equity securities 340 340 284 284 Total non-consolidated investments $ 55,415 $ 68,846 $ 53,243 $ 58,948 Concentrations —The following table represents our investment concentrations. The evaluation for concentration is based on 10% of shareholders’ equity; however, due to our shareholders’ equity being in a deficit position as of September 30, 2022, we are providing the top 30 investment concentrations. Successor Predecessor (In millions) September 30, 2022 December 31, 2021 Athene Freedom 1 $ 1,422 $ 3,119 Athora 1 1,123 N/A PK AirFinance 1 933 N/A AP Tundra 894 N/A Cayman Universe 762 N/A AOP Finance 754 N/A MidCap Financial 1 680 N/A SoftBank Vision Fund II 666 N/A AA Infrastructure 621 N/A Bank of America 593 N/A Apollo Rose 2 545 N/A Morgan Stanley 512 N/A Venerable 1 506 N/A AP Hansel 2 500 N/A Citigroup 494 N/A AP Maia 2 487 N/A JPMorgan Chase 452 N/A AT&T Inc. 413 N/A FWD Group 400 N/A Comcast 372 N/A Mileage Plus 371 N/A Verizon 347 N/A Goldman Sachs 310 N/A AA Warehouse 299 N/A HWIRE 294 N/A Enterprise Products 280 N/A Wheels Fleet Lease 279 N/A Shell 279 N/A Energy Trans 266 N/A Wells Fargo 249 N/A 1 Related party amounts are representative of single issuer risk and may only include a portion of the total investments associated with a related party. See further discussion of these related parties in Note 11 – Related Parties. 2 Represents a consolidated VIE investment in which an underlying investment includes a single issuer exceeding concentration threshold. N/A – Not applicable as investment did not meet single issuer concentration threshold for the period.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	4. Derivative Instruments We use a variety of derivative instruments to manage risks, primarily equity, interest rate, credit, foreign currency and market volatility. See Note 6 – Fair Value for information about the fair value hierarchy for derivatives. The following table presents the notional amount and fair value of derivative instruments: Successor Predecessor September 30, 2022 December 31, 2021 Notional Amount Fair Value Notional Amount Fair Value (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedges Foreign currency hedges Swaps 6,517 $ 1,122 $ 241 6,371 $ 281 $ 56 Forwards 5,627 697 5 6,395 189 2 Interest rate swaps 4,468 — 1,055 2,783 — 173 Forwards on net investments 193 4 — 231 — 4 Interest rate swaps 9,505 1 159 500 — 1 Total derivatives designated as hedges 1,824 1,460 470 236 Derivatives not designated as hedges Equity options 61,670 905 122 57,890 3,629 115 Futures 21 30 2 33 67 — Total return swaps 99 — 10 231 10 — Foreign currency swaps 3,428 354 188 2,592 57 19 Interest rate swaps 465 88 — 483 78 1 Credit default swaps 10 — 1 10 — 3 Foreign currency forwards 14,013 864 439 7,382 76 98 Embedded derivatives Funds withheld including related party (6,830) (82) 1,360 45 Interest sensitive contract liabilities — 4,998 — 14,907 Total derivatives not designated as hedges (4,589) 5,678 5,277 15,188 Total derivatives $ (2,765) $ 7,138 $ 5,747 $ 15,424 Derivatives Designated as Hedges Cash Flow Hedges – We used foreign currency swaps to convert foreign currency denominated cash flows of investments or liabilities to US dollars to reduce cash flow fluctuations due to changes in currency exchange rates. Effective January 1, 2022, our foreign currency swaps were redesignated to fair value hedges as they no longer qualified for cash flow hedge accounting. We use interest rate swaps to convert floating-rate interest payments to fixed-rate interest payments to reduce exposure to interest rate changes. The interest rate swaps will expire by July 2027. The following is a summary of the gains (losses) related to cash flow hedges: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Investment related gains (losses) Foreign currency swaps $ — $ (21) $ — $ 6 Other comprehensive income Foreign currency swaps — 114 — 171 Interest rate swaps (111) — (111) — There were no amounts deemed ineffective during the three and nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, no amounts are expected to be reclassified to income within the next 12 months. Fair Value Hedges – We use foreign currency forward contracts, foreign currency swaps, foreign currency interest rate swaps and interest rate swaps that are designated and accounted for as fair value hedges to hedge certain exposures to foreign currency risk and interest rate risk. The foreign currency forward price is agreed upon at the time of the contract and payment is made at a specified future date. The following represents the carrying amount and the cumulative fair value hedging adjustments included in the hedged assets or liabilities: Successor Predecessor September 30, 2022 December 31, 2021 (In millions) Carrying amount of the hedged assets or liabilities 1 Cumulative amount of fair value hedging gains (losses) Carrying amount of the hedged assets or liabilities 1 Cumulative amount of fair value hedging gains (losses) AFS securities Foreign currency forwards $ 3,989 $ (644) $ 4,224 $ (136) Foreign currency swaps 3,878 (792) — — Mortgage loans – Foreign currency forwards — — 1,686 (44) Interest sensitive contract liabilities Foreign currency swaps 1,081 162 — — Foreign currency interest rate swaps 4,348 879 2,773 121 Interest rate swaps 6,750 357 500 — 1 The carrying amount disclosed for AFS securities is amortized cost. The following is a summary of the gains (losses) related to the derivatives and related hedged items in fair value hedge relationships: Amount Excluded (In millions) Derivatives Hedged Items Net Recognized in income through amortization approach Recognized in income through changes in fair value Three months ended September 30, 2022 (Successor) Investment related gains (losses) Foreign currency forwards $ 288 $ (290) $ (2) $ 18 $ — Foreign currency swaps 256 (283) (27) — — Foreign currency interest rate swaps (379) 384 5 — — Interest rate swaps (268) 264 (4) — — Interest sensitive contract benefits Foreign currency interest rate swaps 12 (14) (2) — — Three months ended September 30, 2021 (Predecessor) Investment related gains (losses) Foreign currency forwards $ 133 $ (149) $ (16) $ — $ (37) Foreign currency interest rate swaps (51) 50 (1) — — Interest sensitive contract benefits Foreign currency interest rate swaps 7 (6) 1 — — Amount Excluded (In millions) Derivatives Hedged Items Net Recognized in income through amortization approach Recognized in income through changes in fair value Nine months ended September 30, 2022 (Successor) Investment related gains (losses) Foreign currency forwards $ 616 $ (648) $ (32) $ 48 $ 1 Foreign currency swaps 589 (630) (41) — — Foreign currency interest rate swaps (873) 879 6 — — Interest rate swaps (345) 357 12 — — Interest sensitive contract benefits Foreign currency interest rate swaps 37 (37) — — — Nine months ended September 30, 2021 (Predecessor) Investment related gains (losses) Foreign currency forwards $ 338 $ (337) $ 1 $ — $ (37) Foreign currency interest rate swaps (82) 82 — — — Interest sensitive contract benefits Foreign currency interest rate swaps 13 (11) 2 — — The following is a summary of the gains (losses) excluded from the assessment of hedge effectiveness that were recognized in OCI : Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Foreign currency forwards $ (20) $ 86 $ (77) $ 90 Foreign currency swaps 51 — 60 — Net Investment Hedges – We use foreign currency forwards to hedge the foreign currency exchange rate risk of our investments in subsidiaries that have a reporting currency other than the US dollar. We assess hedge effectiveness based on the changes in forward rates. During the three months ended September 30, 2022 and 2021, these derivatives had gains of $22 million and $7 million, respectively. During the nine months ended September 30, 2022 and 2021 , these derivatives had gains of $47 million and $5 million, respectively. These derivatives are included in foreign currency translation and other adjustments on the condensed consolidated statements of comprehensive income (loss). As of September 30, 2022 and December 31, 2021, the cumulative foreign currency translations recorded in accumulated other comprehensive income (loss) (AOCI) related to these net investment hedges were gains of $47 million and gains of $1 million, respectively. During the three and nine months ended September 30, 2022 and 2021 , there were no amounts deemed ineffective. Derivatives Not Designated as Hedges Equity options – We use equity indexed options to economically hedge fixed indexed annuity products that guarantee the return of principal to the policyholder and credit interest based on a percentage of the gain in a specified market index, primarily the S&P 500. To hedge against adverse changes in equity indices, we enter into contracts to buy equity indexed options. The contracts are net settled in cash based on differentials in the indices at the time of exercise and the strike price. Futures – Futures contracts are purchased to hedge the growth in interest credited to the customer as a direct result of increases in the related indices. We enter into exchange-traded futures with regulated futures commission clearing brokers who are members of a trading exchange. Under exchange-traded futures contracts, we agree to purchase a specified number of contracts with other parties and to post variation margin on a daily basis in an amount equal to the difference in the daily fair values of those contracts. Total return swaps – We purchase total rate of return swaps to gain exposure and benefit from a reference asset or index without ownership. Total rate of return swaps are contracts in which one party makes payments based on a set rate, either fixed or variable, while the other party makes payments based on the return of the underlying asset or index, which includes both the income it generates and any capital gains. Interest rate swaps – We use interest rate swaps to reduce market risks from interest rate changes and to alter interest rate exposure arising from duration mismatches between assets and liabilities. With an interest rate swap, we agree with another party to exchange the difference between fixed-rate and floating-rate interest amounts tied to an agreed-upon notional principal amount at specified intervals. Credit default swaps – Credit default swaps provide a measure of protection against the default of an issuer or allow us to gain credit exposure to an issuer or traded index. We use credit default swaps coupled with a bond to synthetically create the characteristics of a reference bond. These transactions have a lower cost and are generally more liquid relative to the cash market. We receive a periodic premium for these transactions as compensation for accepting credit risk. Hedging credit risk involves buying protection for existing credit risk. The exposure resulting from the agreements, which is usually the notional amount, is equal to the maximum proceeds that must be paid by a counterparty for a defaulted security. If a credit event occurs on a reference entity, then a counterparty who sold protection is required to pay the buyer the trade notional amount less any recovery value of the security. Embedded derivatives – We have embedded derivatives which are required to be separated from their host contracts and reported as derivatives. Host contracts include reinsurance agreements structured on a modified coinsurance (modco) or funds withheld basis and indexed annuity products. The following is a summary of the gains (losses) related to derivatives not designated as hedges: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Equity options $ (449) $ (45) $ (2,728) $ 1,501 Futures (34) (2) (153) 53 Swaps 132 (40) 121 (4) Foreign currency forwards 454 75 971 25 Embedded derivatives on funds withheld (1,839) 205 (7,041) 463 Amounts recognized in investment related gains (losses) (1,736) 193 (8,830) 2,038 Embedded derivatives in indexed annuity products 1 800 132 3,244 (716) Total net gains (losses) on derivatives not designated as hedges $ (936) $ 325 $ (5,586) $ 1,322 1 Included in interest sensitive contract benefits on the condensed consolidated statements of income (loss). Credit Risk —We may be exposed to credit-related losses in the event of counterparty nonperformance on derivative financial instruments. Generally, the current credit exposure of our derivative contracts is the fair value at the reporting date less any collateral received from the counterparty. We manage credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties. Where possible, we maintain collateral arrangements and use master netting agreements that provide for a single net payment from one counterparty to another at each due date and upon termination. We have also established counterparty exposure limits, where possible, in order to evaluate if there is sufficient collateral to support the net exposure. Collateral arrangements typically require the posting of collateral in connection with its derivative instruments. Collateral agreements often contain posting thresholds, some of which may vary depending on the posting party’s financial strength ratings. Additionally, a decrease in our financial strength rating to a specified level can result in settlement of the derivative position. The estimated fair value of our net derivative and other financial assets and liabilities after the application of master netting agreements and collateral were as follows: Gross amounts not offset on the condensed consolidated balance sheets (In millions) Gross amount recognized 1 Financial instruments 2 Collateral (received)/pledged Net amount Off-balance sheet securities collateral 3 Net amount after securities collateral September 30, 2022 (Successor) Derivative assets $ 4,065 $ (1,671) $ (2,538) $ (144) $ — $ (144) Derivative liabilities (2,222) 1,671 598 47 — 47 December 31, 2021 (Predecessor) Derivative assets $ 4,387 $ (430) $ (3,934) $ 23 $ — $ 23 Derivative liabilities (472) 430 32 (10) — (10) 1 The gross amounts of recognized derivative assets and derivative liabilities are reported on the condensed consolidated balance sheets. As of September 30, 2022 and December 31, 2021, amounts not subject to master netting or similar agreements were immaterial. 2 Represents amounts offsetting derivative assets and derivative liabilities that are subject to an enforceable master netting agreement or similar agreement that are not netted against the gross derivative assets or gross derivative liabilities for presentation on the condensed consolidated balance sheets. 3 For non-cash collateral received, we do not recognize the collateral on our balance sheet unless the obligor (transferor) has defaulted under the terms of the secured contract and is no longer entitled to redeem the pledged asset. Amounts do not include any excess of collateral pledged or received.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	5. Variable Interest Entities As a result of our merger with AGM, we reassessed consolidation conclusions for VIEs. We determined that we are required to consolidate additional Apollo-managed investment funds. Since the criteria for the primary beneficiary are satisfied by our related party group, we are deemed the primary beneficiary. No arrangement exists requiring us to provide additional funding in excess of our committed capital investment, liquidity, or the funding of losses or an increase to our loss exposure in excess of our investment in any of the consolidated VIEs. The following summarizes the income statement activity of the consolidated VIEs: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Trading securities $ 10 $ — $ 10 $ — Equity securities 13 — 13 — Mortgage loans 22 28 65 56 Investment funds 4 (26) (5) 2 Other investments (16) — (3) — Net investment income $ 33 $ 2 $ 80 $ 58 Trading securities $ (38) $ — $ (38) $ — Net recognized investment losses on mortgage loans (103) — (262) — Provision for credit losses — (14) — (62) Investment funds 236 15 354 15 Other gains (losses) (16) — 5 — Investment related gains (losses) $ 79 $ 1 $ 59 $ (47)

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value	6. Fair Value Fair value is the price we would receive to sell an asset or pay to transfer a liability (exit price) in an orderly transaction between market participants. We determine fair value based on the following fair value hierarchy: Level 1 – Unadjusted quoted prices for identical assets or liabilities in an active market. Level 2 – Quoted prices for inactive markets or valuation techniques that require observable direct or indirect inputs for substantially the full term of the asset or liability. Level 2 inputs include the following: • Quoted prices for similar assets or liabilities in active markets, • Observable inputs other than quoted market prices, and • Observable inputs derived principally from market data through correlation or other means. Level 3 – Prices or valuation techniques with unobservable inputs significant to the overall fair value estimate. These valuations use critical assumptions not readily available to market participants. Level 3 valuations are based on market standard valuation methodologies, including discounted cash flows, matrix pricing or other similar techniques. Net Asset Value (NAV) – Investment funds are typically measured using NAV as a practical expedient in determining fair value and are not classified in the fair value hierarchy. Our carrying value reflects our pro rata ownership percentage as indicated by NAV in the investment fund financial statements, which we may adjust if we determine NAV is not calculated consistent with investment company fair value principles. The underlying investments of the investment funds may have significant unobservable inputs, which may include but are not limited to, comparable multiples and weighted average cost of capital rates applied in valuation models or a discounted cash flow model. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the instrument’s fair value measurement. We use a number of valuation sources to determine fair values. Valuation sources can include quoted market prices; third-party commercial pricing services; third-party brokers; industry-standard, vendor modeling software that uses market observable inputs; and other internal modeling techniques based on projected cash flows. We periodically review the assumptions and inputs of third-party commercial pricing services through internal valuation price variance reviews, comparisons to internal pricing models, back testing to recent trades, or monitoring trading volumes. The following represents the hierarchy for our assets and liabilities measured at fair value on a recurring basis: Successor September 30, 2022 (In millions) Total NAV Level 1 Level 2 Level 3 Assets AFS securities US government and agencies $ 2,498 $ — $ 2,496 $ 2 $ — US state, municipal and political subdivisions 920 — — 920 — Foreign governments 861 — — 859 2 Corporate 56,908 — — 55,246 1,662 CLO 14,146 — — 14,143 3 ABS 9,872 — — 6,024 3,848 CMBS 3,063 — — 3,063 — RMBS 5,325 — — 5,325 — Total AFS securities 93,593 — 2,496 85,582 5,515 Trading securities 1,590 — 24 1,512 54 Equity securities 1,207 — 265 870 72 Mortgage loans 25,145 — — — 25,145 Funds withheld at interest – embedded derivative (5,259) — — — (5,259) Derivative assets 4,065 — 31 4,034 — Short-term investments 292 — 81 176 35 Other investments 666 — — 170 496 Cash and cash equivalents 9,823 — 9,823 — — Restricted cash 1,024 — 1,024 — — Investments in related parties AFS securities Corporate 1,022 — — 169 853 CLO 2,631 — — 2,320 311 ABS 5,552 — — 224 5,328 Total AFS securities – related party 9,205 — — 2,713 6,492 Trading securities 905 — — — 905 Equity securities 340 — — — 340 Mortgage loans 1,331 — — — 1,331 Investment funds 789 — — — 789 Funds withheld at interest – embedded derivative (1,571) — — — (1,571) Other investments 274 — — — 274 Reinsurance recoverable 1,476 — — — 1,476 Assets of consolidated VIEs Trading securities 988 — 4 364 620 Equity securities 15 — — — 15 Mortgage loans 1,663 — — — 1,663 Investment funds 11,885 9,579 — — 2,306 Other investments 152 — — 16 136 Cash and cash equivalents 418 — 418 — — Total assets measured at fair value $ 160,016 $ 9,579 $ 14,166 $ 95,437 $ 40,834 Liabilities Interest sensitive contract liabilities Embedded derivative $ 4,998 $ — $ — $ — $ 4,998 Universal life benefits 852 — — — 852 Future policy benefits AmerUs Life Insurance Company (AmerUs) Closed Block 1,157 — — — 1,157 Indianapolis Life Insurance Company (ILICO) Closed Block and life benefits 612 — — — 612 Derivative liabilities 2,222 — (8) 2,229 1 Funds withheld liability – embedded derivative (82) — — (82) — Total liabilities measured at fair value $ 9,759 $ — $ (8) $ 2,147 $ 7,620 Predecessor December 31, 2021 (In millions) Total NAV Level 1 Level 2 Level 3 Assets AFS securities US government and agencies $ 223 $ — $ 214 $ 9 $ — US state, municipal and political subdivisions 1,213 — — 1,213 — Foreign governments 1,128 — — 1,126 2 Corporate 66,226 — — 64,887 1,339 CLO 13,652 — — 13,638 14 ABS 8,989 — — 5,370 3,619 CMBS 2,758 — — 2,715 43 RMBS 5,970 — — 5,970 — Total AFS securities 100,159 — 214 94,928 5,017 Trading securities 2,056 — 3 1,984 69 Equity securities 1,170 — 86 655 429 Mortgage loans 17 — — — 17 Investment funds 183 165 — — 18 Funds withheld at interest – embedded derivative 782 — — — 782 Derivative assets 4,387 — 67 4,320 — Short-term investments 139 — 49 61 29 Other investments 130 — — 130 — Cash and cash equivalents 9,479 — 9,479 — — Restricted cash 796 — 796 — — Investments in related parties AFS securities Corporate 859 — — 189 670 CLO 2,549 — — 2,347 202 ABS 6,994 — — 549 6,445 Total AFS securities – related party 10,402 — — 3,085 7,317 Trading securities 1,781 — — 10 1,771 Equity securities 284 — — — 284 Investment funds 2,958 103 — — 2,855 Funds withheld at interest – embedded derivative 578 — — — 578 Reinsurance recoverable 1,991 — — — 1,991 Assets of consolidated VIEs Investment funds 1,297 — — — 1,297 Cash and cash equivalents 154 — 154 — — Total assets measured at fair value $ 138,743 $ 268 $ 10,848 $ 105,173 $ 22,454 Liabilities Interest sensitive contract liabilities Embedded derivative $ 14,907 $ — $ — $ — $ 14,907 Universal life benefits 1,235 — — — 1,235 Future policy benefits AmerUs Closed Block 1,520 — — — 1,520 ILICO Closed Block and life benefits 742 — — — 742 Derivative liabilities 472 — — 469 3 Funds withheld liability – embedded derivative 45 — — 45 — Total liabilities measured at fair value $ 18,921 $ — $ — $ 514 $ 18,407 Fair Value Valuation Methods —We used the following valuation methods and assumptions to estimate fair value: AFS and trading securities – We obtain the fair value for most marketable securities without an active market from several commercial pricing services. These are classified as Level 2 assets. The pricing services incorporate a variety of market observable information in their valuation techniques, including benchmark yields, trading activity, credit quality, issuer spreads, bids, offers and other reference data. This category typically includes US and non-US corporate bonds, US agency and government guaranteed securities, CLO, ABS, CMBS and RMBS. We also have fixed maturity securities priced based on indicative broker quotes or by employing market accepted valuation models. For certain fixed maturity securities, the valuation model uses significant unobservable inputs and are included in Level 3 in our fair value hierarchy. Significant unobservable inputs used include: discount rates, issue-specific credit adjustments, material non-public financial information, estimation of future earnings and cash flows, default rate assumptions, liquidity assumptions and indicative quotes from market makers. These inputs are usually considered unobservable, as not all market participants have access to this data. We value privately placed fixed maturity securities based on the credit quality and duration of comparable marketable securities, which may be securities of another issuer with similar characteristics. In some instances, we use a matrix-based pricing model. These models consider the current level of risk-free interest rates, corporate spreads, credit quality of the issuer and cash flow characteristics of the security. We also consider additional factors such as net worth of the borrower, value of collateral, capital structure of the borrower, presence of guarantees and our evaluation of the borrower’s ability to compete in its relevant market. Privately placed fixed maturity securities are classified as Level 2 or 3. Equity securities – Fair values of publicly traded equity securities are based on quoted market prices and classified as Level 1. Other equity securities, typically private equities or equity securities not traded on an exchange, we value based on other sources, such as commercial pricing services or brokers, and are classified as Level 2 or 3. Mortgage loans – We estimate fair value on a monthly basis using discounted cash flow analysis and rates being offered for similar loans to borrowers with similar credit ratings. Loans with similar characteristics are aggregated for purposes of the calculations. The discounted cash flow model uses unobservable inputs, including estimates of discount rates and loan prepayments. Mortgage loans are classified as Level 3. Investment funds – Certain investment funds for which we elected the fair value option are included in Level 3 and are priced based on market accepted valuation models. The valuation models use significant unobservable inputs, which include material non-public financial information, estimation of future distributable earnings and demographic assumptions. These inputs are usually considered unobservable, as not all market participants have access to this data. Funds withheld at interest embedded derivative – We estimate the fair value of the embedded derivative based on the change in the fair value of the assets supporting the funds withheld payable under modco and funds withheld reinsurance agreements. As a result, the fair value of the embedded derivative is classified as Level 3 based on the valuation methods used for the assets held supporting the reinsurance agreements. Derivatives – Derivative contracts can be exchange traded or over-the-counter. Exchange-traded derivatives typically fall within Level 1 of the fair value hierarchy depending on trading activity. Over-the-counter derivatives are valued using valuation models or an income approach using third-party broker valuations. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit curves, measures of volatility, prepayment rates and correlation of the inputs. We consider and incorporate counterparty credit risk in the valuation process through counterparty credit rating requirements and monitoring of overall exposure. We also evaluate and include our own nonperformance risk in valuing derivatives. The majority of our derivatives trade in liquid markets; therefore, we can verify model inputs and model selection does not involve significant management judgment. These are typically classified within Level 2 of the fair value hierarchy. Cash and cash equivalents, including restricted cash – The carrying amount for cash equals fair value. We estimate the fair value for cash equivalents based on quoted market prices. These assets are classified as Level 1. Interest sensitive contract liabilities embedded derivative – Embedded derivatives related to interest sensitive contract liabilities with fixed indexed annuity products are classified as Level 3. The valuations include significant unobservable inputs associated with economic assumptions and actuarial assumptions for policyholder behavior. AmerUs Closed Block – We elected the fair value option for the future policy benefits liability in the AmerUs Closed Block. Our valuation technique is to set the fair value of policyholder liabilities equal to the fair value of assets. There is an additional component which captures the fair value of the open block’s obligations to the closed block business. This component is the present value of the projected release of required capital and future earnings before income taxes on required capital supporting the AmerUs Closed Block, discounted at a rate which represents a market participant’s required rate of return, less the initial required capital. Unobservable inputs include estimates for these items. The AmerUs Closed Block policyholder liabilities and any corresponding reinsurance recoverable are classified as Level 3. ILICO Closed Block – We elected the fair value option for the ILICO Closed Block. Our valuation technique is to set the fair value of policyholder liabilities equal to the fair value of assets. There is an additional component which captures the fair value of the open block’s obligations to the closed block business. This component uses the present value of future cash flows which include commissions, administrative expenses, reinsurance premiums and benefits, and an explicit cost of capital. The discount rate includes a margin to reflect the business and nonperformance risk. Unobservable inputs include estimates for these items. The ILICO Closed Block policyholder liabilities and corresponding reinsurance recoverable are classified as Level 3. Universal life liabilities and other life benefits – We elected the fair value option for certain blocks of universal and other life business ceded to Global Atlantic. We use a present value of liability cash flows. Unobservable inputs include estimates of mortality, persistency, expenses, premium payments and a risk margin used in the discount rates that reflects the riskiness of the business. These universal life policyholder liabilities and corresponding reinsurance recoverable are classified as Level 3. Fair Value Option — The following represents the gains (losses) recorded for instruments for which we have elected the fair value option, including related party and consolidated VIEs: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Trading securities $ (121) $ (23) $ (489) $ (31) Mortgage loans (1,279) — (3,344) — Investment funds (47) 4 9 439 Future policy benefits 90 21 363 70 Total gains (losses) $ (1,357) $ 2 $ (3,461) $ 478 Gains and losses on trading securities are recorded in investment related gains (losses) on the condensed consolidated statements of income (loss). For fair valu e option mortgage loans, we record interest income in net investment income and subsequent changes in fair value in investment related gains (losses) on the condensed consolidated statements of income (loss). Gains and losses related to investment funds, including related party investment funds, are recorded in net investment income on the condensed consolidated statements of income (loss). We record the change in fair value of future policy benefits to future policy and other policy benefits on the condensed consolidated statements of income (loss). The following summarizes information for fair value option mortgage loans, including related party and consolidated VIEs: Successor Predecessor (In millions) September 30, 2022 December 31, 2021 Unpaid principal balance $ 30,751 $ 15 Mark to fair value (2,612) 2 Fair value $ 28,139 $ 17 The following represents our commercial mortgage loan portfolio 90 days or more past due and/or in non-accrual status: Successor (In millions) September 30, 2022 Unpaid principal balance of commercial mortgage loans 90 days or more past due and/or in non-accrual status $ 163 Mark to fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status (76) Fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status $ 87 Fair value of commercial mortgage loans 90 days or more past due $ 1 Fair value of commercial mortgage loans in non-accrual status 87 The following represents our residential loan portfolio 90 days or more past due and/or in non-accrual status: Successor (In millions) September 30, 2022 Unpaid principal balance of residential mortgage loans 90 days or more past due and/or in non-accrual status $ 502 Mark to fair value of residential mortgage loans 90 days or more past due and/or in non-accrual status (40) Fair value of residential mortgage loans 90 days or more past due and/or in non-accrual status $ 462 Fair value of residential mortgage loans 90 days or more past due 1 $ 462 Fair value of residential mortgage loans in non-accrual status 205 1 Includes $257 million of residential mortgage loans that are guaranteed by US government-sponsored agencies. There were no fair value option mortgage loans 90 days or more past due as of December 31, 2021. The following is the estimated amount of gains (losses) included in earnings during the period attributable to changes in instrument-specific credit risk on our mortgage loan portfolio: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Mortgage loans $ 18 $ — $ (34) $ — We estimated the portion of gains and losses attributable to changes in instrument-specific credit risk by identifying commercial loans with loan-to-value ratios meeting credit quality criteria, and residential mortgage loans with delinquency status meeting credit quality criteria. Level 3 Financial Instruments — The following are reconciliations for Level 3 assets and liabilities measured at fair value on a recurring basis. Transfers in and out of Level 3 are primarily based on changes in the availability of pricing sources, as described in the valuation methods above. Successor Three months ended September 30, 2022 Total realized and unrealized gains (losses) (In millions) Beginning balance Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities Foreign governments $ 2 $ — $ — $ — — $ 2 $ — $ — Corporate 1,588 (16) (58) 205 (57) 1,662 — (55) CLO — — — 3 — 3 — — ABS 3,594 2 (50) 198 104 3,848 — (60) RMBS 68 — (1) (1) (66) — — — Trading securities 58 (4) — (2) 2 54 (4) — Equity securities 62 10 — — — 72 11 — Mortgage loans 25,218 (1,117) — 1,044 — 25,145 (1,111) — Investment funds 19 — — — (19) — — — Funds withheld at interest – embedded derivative (3,958) (1,301) — — — (5,259) — — Short-term investments 58 — — (23) — 35 — — Other investments — — — — 496 496 — — Investments in related parties AFS securities Corporate 849 1 (17) 114 (94) 853 — (15) CLO 325 — (14) — — 311 — (14) ABS 5,026 (3) (73) 284 94 5,328 — (73) Trading securities 891 4 — 5 5 905 4 — Equity securities 163 (18) — 195 — 340 (18) — Mortgage loans 1,416 (82) — (3) — 1,331 (82) — Investment funds 818 (29) — — — 789 (29) — Funds withheld at interest – embedded derivative (1,129) (442) — — — (1,571) — — Other investments — — — — 274 274 — — Reinsurance recoverable 1,580 (104) — — — 1,476 — — Assets of consolidated VIEs Trading securities 330 (7) — 529 (232) 620 (7) — Equity securities — — — — 15 15 — — Mortgage loans 1,626 (80) — 96 21 1,663 (79) — Investment funds 1,053 (19) — 1,694 (422) 2,306 (19) — Other investments 31 — — — 105 136 — — Total Level 3 assets $ 39,688 $ (3,205) $ (213) $ 4,338 $ 226 $ 40,834 $ (1,334) $ (217) Liabilities Interest sensitive contract liabilities Embedded derivative $ (5,451) $ 800 $ — $ (347) $ — $ (4,998) $ — $ — Universal life benefits (943) 91 — — — (852) — — Future policy benefits AmerUs Closed Block (1,247) 90 — — — (1,157) — — ILICO Closed Block and life benefits (623) 11 — — — (612) — — Derivative liabilities (1) — — — — (1) — — Total Level 3 liabilities $ (8,265) $ 992 $ — $ (347) $ — $ (7,620) $ — $ — 1 Related to instruments held at end of period. Predecessor Three months ended September 30, 2021 Total realized and unrealized gains (losses) (In millions) Beginning balance Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities Foreign governments $ 2 $ — $ — $ — $ — $ 2 $ — $ — Corporate 983 (2) 3 136 (61) 1,059 — 3 CLO 276 2 — (22) (242) 14 — — ABS 1,481 (5) 5 139 109 1,729 — 11 CMBS 51 — (1) 1 (26) 25 — (1) Trading securities 99 (6) — 3 (1) 95 (3) — Equity securities 22 2 — — — 24 2 — Mortgage loans 18 — — — — 18 — — Investment funds 18 1 — — — 19 1 — Funds withheld at interest – embedded derivative 1,373 (231) — — — 1,142 — — Short-term investments — — — 29 — 29 — — Investments in related parties AFS securities Corporate — — 1 115 212 328 — (3) ABS 4,237 (5) (2) 45 (322) 3,953 — — Trading securities 1,710 (4) — 30 (23) 1,713 (3) — Equity securities 115 3 — (3) — 115 3 — Investment funds 2,452 1 — — — 2,453 1 — Funds withheld at interest – embedded derivative 752 (65) — — — 687 — — Reinsurance recoverable 1,946 23 — — — 1,969 — — Assets of consolidated VIEs – investment funds 417 2 — 246 — 665 2 — Total Level 3 assets $ 15,952 $ (284) $ 6 $ 719 $ (354) $ 16,039 $ 3 $ 10 Liabilities Interest sensitive contract liabilities Embedded derivative $ (13,635) $ 132 $ — $ (599) $ — $ (14,102) $ — $ — Universal life benefits (1,188) (7) — — — (1,195) — — Future policy benefits AmerUs Closed Block (1,551) 21 — — — (1,530) — — ILICO Closed Block and life benefits (743) (16) — — — (759) — — Derivative liabilities (4) — — — — (4) — — Total Level 3 liabilities $ (17,121) $ 130 $ — $ (599) $ — $ (17,590) $ — $ — 1 Related to instruments held at end of period. Successor Nine months ended September 30, 2022 Total realized and unrealized gains (losses) (In millions) Balance at January 1, 2022 Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities Foreign governments $ 2 $ — $ — $ — $ — $ 2 $ — $ — Corporate 1,339 (19) (135) 385 92 1,662 — (120) CLO 14 (2) — (9) — 3 — — ABS 3,619 9 (145) 198 167 3,848 — (116) CMBS 43 — (17) — (26) — — — RMBS — — (1) 67 (66) — — — Trading securities 69 (10) — 6 (11) 54 (4) — Equity securities 429 27 — (3) (381) 72 25 — Mortgage loans 21,154 (2,888) — 6,879 — 25,145 (2,878) — Investment funds 18 1 — — (19) — — — Funds withheld at interest – embedded derivative — (5,259) — — — (5,259) — — Short-term investments 29 — (1) 7 — 35 — (1) Other investments — — — — 496 496 — — Investments in related parties AFS securities Corporate 670 (3) (23) 250 (41) 853 — (22) CLO 202 — (21) 130 — 311 — (21) ABS 6,445 (4) (208) (957) 52 5,328 — (193) Trading securities 1,771 3 — (1,057) 188 905 (4) — Equity securities 284 (32) — 76 12 340 (27) — Mortgage loans 1,369 (206) — 168 — 1,331 (206) — Investment funds 2,855 (1) — (34) (2,031) 789 (1) — Funds withheld at interest – embedded derivative — (1,571) — — — (1,571) — — Short-term investments — — — 53 (53) — — — Other investments — — — — 274 274 — — Reinsurance recoverable 1,991 (515) — — — 1,476 — — Assets of consolidated VIEs Trading securities — (7) — 529 98 620 (7) — Equity securities — — — — 15 15 — — Mortgage loans 2,152 (250) — (58) (181) 1,663 (250) — Investment funds 1,297 9 — 1,855 (855) 2,306 9 — Other investments — — — 31 105 136 — — Total Level 3 assets $ 45,752 $ (10,718) $ (551) $ 8,516 $ (2,165) $ 40,834 $ (3,343) $ (473) Liabilities Interest sensitive contract liabilities Embedded derivative $ (7,559) $ 3,244 $ — $ (683) $ — $ (4,998) $ — $ — Universal life benefits (1,235) 383 — — — (852) — — Future policy benefits AmerUs Closed Block (1,520) 363 — — — (1,157) — — ILICO Closed Block and life benefits (742) 130 — — — (612) — — Derivative liabilities (3) 2 — — — (1) — — Total Level 3 liabilities $ (11,059) $ 4,122 $ — $ (683) $ — $ (7,620) $ — $ — 1 Related to instruments held at end of period. Predecessor Nine months ended September 30, 2021 Total realized and unrealized gains (losses) (In millions) Beginning balance Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities US state, municipal and political subdivisions $ 34 $ — $ — $ (1) $ (33) $ — $ — $ — Foreign governments 2 — — — — 2 — — Corporate 778 6 37 108 130 1,059 — 37 CLO 208 — 1 (37) (158) 14 — 1 ABS 800 (4) 34 894 5 1,729 — 47 CMBS 43 1 4 — (23) 25 — 4 Trading securities 86 (4) — 10 3 95 (2) — Equity securities 11 13 — — — 24 13 — Mortgage loans 19 — — (1) — 18 — — Investment funds 17 2 — — — 19 2 — Funds withheld at interest – embedded derivative 1,944 (802) — — — 1,142 — — Short-term investments 2 — — 29 (2) 29 — — Investments in related parties AFS securities Corporate 195 — (2) 330 (195) 328 — (3) ABS 4,109 (5) (27) (63) (61) 3,953 — (27) Trading securities 1,525 39 — 255 (106) 1,713 51 — Equity securities 72 4 — 39 — 115 4 — Investment funds 2,033 420 — — — 2,453 420 — Funds withheld at interest – embedded derivative 862 (175) — — — 687 — — Reinsurance recoverable 2,100 (131) — — — 1,969 — — Assets of consolidated VIEs – investment funds — 17 — 539 109 665 18 — Total Level 3 assets $ 14,840 $ (619) $ 47 $ 2,102 $ (331) $ 16,039 $ 506 $ 59 Liabilities Interest sensitive contract liabilities Embedded derivative $ (12,873) $ (716) $ — $ (513) $ — $ (14,102) $ — $ — Universal life benefits (1,308) 113 — — — (1,195) — — Future policy benefits AmerUs Closed Block (1,600) 70 — — — (1,530) — — ILICO Closed Block and life benefits (776) 17 — — — (759) — — Derivative liabilities (4) — — — — (4) — — Total Level 3 liabilities $ (16,561) $ (516) $ — $ (513) $ — $ (17,590) $ — $ — 1 Related to instruments held at end of period. The following represents the gross components of purchases, issuances, sales and settlements, net, and net transfers in (out) shown above: Successor Three months ended September 30, 2022 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in Transfers out Net transfers in (out) Assets AFS securities Corporate $ 228 $ — $ (3) $ (20) $ 205 $ 83 $ (140) $ (57) CLO 3 — — — 3 — — — ABS 344 — — (146) 198 116 (12) 104 RMBS — — — (1) (1) — (66) (66) Trading securities — — — (2) (2) 3 (1) 2 Mortgage loans 1,900 — (51) (805) 1,044 — — — Investment funds — — — — — — (19) (19) Short-term investments — — — (23) (23) — — — Other investments — — — — — 496 — 496 Investments in related parties AFS securities Corporate 116 — — (2) 114 — (94) (94) ABS 887 — — (603) 284 94 — 94 Trading securities 5 — — — 5 5 — 5 Equity securities 195 — — — 195 — — — Mortgage loans — — — (3) (3) — — — Other investments — — — — — 274 — 274 Assets of consolidated VIEs Trading securities 529 — — — 529 100 (332) (232) Equity securities — — — — — 15 — 15 Mortgage loans 102 — — (6) 96 21 — 21 Investment funds 1,695 — (1) — 1,694 — (422) (422) Other investments — — — — — 105 — 105 Total Level 3 assets $ 6,004 $ — $ (55) $ (1,611) $ 4,338 $ 1,312 $ (1,086) $ 226 Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (457) $ — $ 110 $ (347) $ — $ — $ — Total Level 3 liabilities $ — $ (457) $ — $ 110 $ (347) $ — $ — $ — Predecessor Three months ended September 30, 2021 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in Transfers out Net transfers in (out) Assets AFS securities Corporate $ 147 $ — $ — $ (11) $ 136 $ 25 $ (86) $ (61) CLO — — — (22) (22) — (242) (242) ABS 443 — — (304) 139 166 (57) 109 CMBS 1 — — — 1 — (26) (26) Trading securities 6 — (3) — 3 4 (5) (1) Short-term investments 29 — — — 29 — — — Investments in related parties AFS securities Corporate 115 — — — 115 212 — 212 ABS 65 — — (20) 45 — (322) (322) Trading securities 65 — — (35) 30 — (23) (23) Equity securities — — — (3) (3) — — — Assets of consolidated VIEs – investment funds 339 — (93) — 246 — — — Total Level 3 assets $ 1,210 $ — $ (96) $ (395) $ 719 $ 407 $ (761) $ (354) Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (832) $ — $ 233 $ (599) $ — $ — $ — Total Level 3 liabilities $ — $ (832) $ — $ 233 $ (599) $ — $ — $ — Successor Nine months ended September 30, 2022 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in 1 Transfers out 1 Net transfers in (out) Assets AFS securities Corporate $ 681 $ — $ (173) $ (123) $ 385 $ 276 $ (184) $ 92 CLO 3 — — (12) (9) — — — ABS 2,579 — (1,791) (590) 198 484 (317) 167 CMBS — — — — — — (26) (26) RMBS 68 — — (1) 67 — (66) (66) Trading securities 8 — — (2) 6 42 (53) (11) Equity securities — — (3) — (3) 19 (400) (381) Mortgage loans 9,377 — (181) (2,317) 6,879 — — — Investment funds — — — — — — (19) (19) Short-term investments 59 — — (52) 7 — — — Other investments — — — — — 496 — 496 Investments in related parties AFS securities Corporate 483 — (217) (16) 250 53 (94) (41) CLO 130 — — — 130 — — — ABS 2,160 — (93) (3,024) (957) 1,916 (1,864) 52 Trading securities 41 — (1,052) (46) (1,057) 1,448 (1,260) 188 Equity securities 195 — (119) — 76 125 (113) 12 Mortgage loans 182 — — (14) 168 — — — Investment funds — — (34) — (34) — (2,031) (2,031) Short-term investments 53 — — — 53 — (53) (53) Other investments — — — — — 274 — 274 Assets of consolidated VIEs Trading securities 529 — — — 529 430 (332) 98 Equity securities — — — — — 15 — 15 Mortgage loans 102 — — (160) (58) 42 (223) (181) Investment funds 1,981 — (126) — 1,855 11,087 (11,942) (855) Other investments 31 — — — 31 2,007 (1,902) 105 Total Level 3 assets $ 18,662 $ — $ (3,789) $ (6,357) $ 8,516 $ 18,714 $ (20,879) $ (2,165) Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (1,073) $ — $ 390 $ (683) $ — $ — $ — Total Level 3 liabilities $ — $ (1,073) $ — $ 390 $ (683) $ — $ — $ — 1 Transfers in and out are primarily assets of VIEs that changed consolidation status in 2022. Predecessor Nine months ended September 30, 2021 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in Transfers out Net transfers in (out) Assets AFS securities US state, municipal and political subdivisions $ — $ — $ — $ (1) $ (1) $ — $ (33) $ (33) Foreign governments 1 — — (1) — — — — Corporate 172 — (8) (56) 108 252 (122) 130 CLO — — — (37) (37) — (158) (158) ABS 1,387 — (1) (492) 894 175 (170) 5 CMBS 1 — — (1) — — (23) (23) Trading securities 55 — (5) (40) 10 5 (2) 3 Equity securities 11 — (11) — — — — — Mortgage loans — — — (1) (1) — — — Short-term investments 29 — — — 29 — (2) (2) Investments in related parties AFS securities Corporate 330 — — — 330 — (195) (195) ABS 103 — (25) (141) (63) — (61) (61) Trading securities 319 — — (64) 255 — (106) (106) Equity securities 46 — — (7) 39 — — — Assets of consolidated VIEs – investment funds 632 — (93) — 539 109 — 109 Total Level 3 assets $ 3,086 $ — $ (143) $ (841) $ 2,102 $ 541 $ (872) $ (331) Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (1,204) $ — $ 691 $ (513) $ — $ — $ — Total Level 3 liabilities $ — $ (1,204) $ — $ 691 $ (513) $ — $ — $ — Significant Unobservable Inputs — Significant unobservable inputs occur when we could not obtain or corroborate the quantitative detail of the inputs. This applies to fixed maturity securities, equity securities, mortgage loans and certain derivatives, as well as embedded derivatives in liabilities. Additional significant unobservable inputs are described below. AFS and trading securities – We use discounted cash flow models to calculate the fair value for certain fixed maturity securities. The discount rate is a significant unobservable input because the credit spread includes adjustments made to the base rate. The base rate represents a market comparable rate for securities with similar characteristics. This excludes assets for which fair value is provided by independent broker quotes, but includes assets for which fair value is provided by affiliated quotes. Mortgage loans – We use discounted cash flow models from in

Deferred Acquisition Costs, Def

Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired	9 Months Ended
	Sep. 30, 2022
Insurance [Abstract]
Deferred Acquisition Costs, Deferred Sales Inducements, and Value of Business Acquired	7. Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired The following represents a rollforward of DAC, DSI and VOBA: Successor (In millions) DAC DSI VOBA Total Balance at January 1, 2022 $ — $ — $ 4,547 $ 4,547 Additions 750 268 — 1,018 Unlocking — — 4 4 Amortization (8) — (371) (379) Impact of unrealized investment (gains) losses and other 6 — (5) 1 Balance at September 30, 2022 $ 748 $ 268 $ 4,175 $ 5,191 Predecessor (In millions) DAC DSI VOBA Total Balance at December 31, 2020 $ 3,236 $ 857 $ 813 $ 4,906 Additions 471 186 — 657 Amortization (408) (138) (122) (668) Impact of unrealized investment (gains) losses 120 35 60 215 Balance at September 30, 2021 $ 3,419 $ 940 $ 751 $ 5,110 The expected amortization of VOBA for the next five years is as follows: (In millions) Expected Amortization 2022 1 $ 117 2023 442 2024 405 2025 373 2026 339 2027 303 1 Expected amortization for the remainder of 2022.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	8. Debt Liquidity Facility —In the third quarter of 2022, we entered into a revolving credit facility with Wells Fargo Bank, National Association, as administrative agent, which matures on June 30, 2023, subject to additional 364-day extensions (Liquidity Facility). The Liquidity Facility will be used for liquidity and working capital needs to meet short-term cash flow and investment timing differences. The borrowing capacity under the Liquidity Facility is $2.5 billion, with potential increases up to $3.0 billion. The Liquidity Facility contains various standard covenants with which we must comply, including the following: 4. ALRe Minimum Consolidated Net Worth (as defined in the Liquidity Facility) of no less than $9.3 billion; and 5. Restrictions on our ability to incur debt and liens, in each case with certain exceptions. Interest accrues on outstanding borrowings at either the secured overnight financing rate (Adjusted Term SOFR, as defined in the Liquidity Facility) plus a margin or a base rate plus a margin, with applicable margin varying based on ALRe’s Financial Strength Rating (as defined in the Liquidity Facility). As of September 30, 2022, there were no amounts outstanding under the Liquidity Facility.

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income	9. Equity Distributions to Parent — In the first quarter of 2022, we distributed our investment in AOG units to AGM. See Note 11 – Related Parties for further information on the investment in AOG units. The AOG distribution resulted in a reduction of additional paid-in capital of $1,916 million and an increase in accumulated deficit of $26 million. In connection with the AOG distribution to AGM, we also issued a stock dividend of 11.6 million shares to the Apollo Group shareholders other than AGM. Additionally, we recorded a reestablishment of the liabilities that were considered effectively settled upon merger of $810 million, as these liabilities were settled during the first quarter of 2022 in the normal course of business as intercompany payables to AGM. Acc umulated Other Comprehensive Income (Loss)— The following provides the details and changes in AOCI: Successor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI, VOBA and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at June 30, 2022 $ (9,996) $ (138) $ 432 $ (28) $ (57) $ (9,787) Other comprehensive income (loss) before reclassifications (5,824) (128) 218 (79) 41 (5,772) Less: Reclassification adjustments for gains (losses) realized 1 (24) — 1 1 — (22) Less: Income tax expense (benefit) (1,001) (23) 45 (12) — (991) Less: Other comprehensive income (loss) attributable to noncontrolling interests (713) (5) 5 (91) 13 (791) Balance at September 30, 2022 $ (14,082) $ (238) $ 599 $ (5) $ (29) $ (13,755) 1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Predecessor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI, VOBA and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at June 30, 2021 $ 4,423 $ (36) $ (1,082) $ 23 $ 9 $ 3,337 Other comprehensive income (loss) before reclassifications 1 (783) 41 98 179 (6) (471) Less: Reclassification adjustments for gains (losses) realized in net income 1,2 56 (2) (14) (21) — 19 Less: Income tax expense (benefit) (161) 8 23 42 — (88) Less: Other comprehensive income (loss) attributable to noncontrolling interests (96) — — 20 — (76) Balance at September 30, 2021 $ 3,841 $ (1) $ (993) $ 161 $ 3 $ 3,011 1 Previously reported amounts have been revised to correct a misstatement, which was not material, in the classification of activity between other comprehensive income (loss) before reclassifications and reclassification adjustments for gains (losses) realized. 2 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Successor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at January 1, 2022 $ — $ — $ — $ — $ — $ — Other comprehensive income (loss) before reclassifications (20,037) (319) 768 (112) (13) (19,713) Less: Reclassification adjustments for gains (losses) realized in net income 1 (178) — 4 16 — (158) Less: Income tax expense (benefit) (3,526) (57) 160 (21) — (3,444) Less: Other comprehensive income (loss) attributable to noncontrolling interests (2,251) (24) 5 (102) 16 (2,356) Balance at September 30, 2022 $ (14,082) $ (238) $ 599 $ (5) $ (29) $ (13,755) 1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Predecessor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI, VOBA and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at December 31, 2020 $ 5,352 $ (53) $ (1,310) $ (26) $ 8 $ 3,971 Other comprehensive income (loss) before reclassifications 1 (1,913) 58 368 267 (5) (1,225) Less: Reclassification adjustments for gains (losses) realized 1,2 134 (5) (33) 6 — 102 Less: Income tax expense (benefit) (393) 12 84 58 — (239) Less: Other comprehensive income (loss) attributable to noncontrolling interests (143) (1) — 16 — (128) Balance at September 30, 2021 $ 3,841 $ (1) $ (993) $ 161 $ 3 $ 3,011 1 Previously reported amounts have been revised to correct a misstatement, which was not material, in the classification of activity between other comprehensive income (loss) before reclassifications and reclassification adjustments for gains (losses) realized. 2 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	10. Income TaxesOn August 16, 2022, the US government enacted the Inflation Reduction Act of 2022 (IRA). The IRA contains a number of tax-related provisions including a 15% minimum corporate income tax on certain large corporations as well as an excise tax on stock repurchases. It is unclear how the IRA will be implemented by the US Department of the Treasury through regulation. We are still evaluating the impact of the IRA on our tax liability, which tax liability could also be affected by how the provisions of the IRA are implemented through such regulation. We will continue to evaluate the IRA's impact as further information becomes available.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Parties	11. Related Parties Apollo Fee structure – Substantially all of our investments are managed by Apollo. Apollo provides us a full suite of services that includes: direct investment management; asset sourcing and allocation; mergers and acquisition sourcing, execution and asset diligence; and strategic support and advice. Apollo also provides certain operational support services for our investment portfolio including investment compliance, tax, legal and risk management support. Apollo has extensive experience managing our investment portfolio and its knowledge of our liability profile enables it to tailor an asset management strategy to fit our specific needs. This strategy has proven responsive to changing market conditions and focuses on earning incremental yield by taking liquidity risk and complexity risk, rather than assuming solely credit risk. Our partnership has enabled us to take advantage of investment opportunities that would likely not otherwise have been available to us. Under our fee agreement with Apollo, we pay Apollo a base management fee of (1) 0.225% per year on a monthly basis equal to the lesser of (A) $103.4 billion, which represents the aggregate fair market value of substantially all of the assets in substantially all of the accounts of or relating to us (collectively, the Accounts) as of December 31, 2018 (Backbook Value), and (B) the aggregate book value of substantially all of the assets in the Accounts at the end of the respective month, plus (2) 0.15% per year of the amount, if any, by which the aggregate book value of substantially all of the assets in the Accounts at the end of the respective month exceeds the Backbook Value, subject to certain adjustments. Additionally, we pay a sub-allocation fee based on specified asset class tiers ranging from 0.065% to 0.70% of the book value of such assets, with the higher percentages in this range for asset classes that are designed to have more alpha generating abilities. During the three months ended September 30, 2022 and 2021, we incurred management fees, inclusive of the base and sub-allocation fees, of $195 million and $146 million, respectively. During the nine months ended September 30, 2022 and 2021, we incurred management fees, inclusive of the base and sub-allocation fees, of $563 million and $430 million, respectively. Management fees are included within net investment income on the condensed consolidated statements of income (loss). As of September 30, 2022 and December 31, 2021, management fees payable were $74 million and $59 million, respectively, and are included in other liabilities on the condensed consolidated balance sheets. Such amounts include fees incurred attributable to ACRA including all of the noncontrolling interest in ACRA. In addition to the assets on our condensed consolidated balance sheets managed by Apollo, Apollo manages the assets underlying our funds withheld receivable. For these assets, the third-party cedants pay Apollo fees based upon the same fee construct we have with Apollo. Such fees directly reduce the settlement payments that we receive from the third-party cedant and, as such, we indirectly pay those fees. Finally, Apollo charges management fees and carried interest on Apollo-managed funds and other entities in which we invest. Neither the fees paid by such third-party cedants nor the fees or carried interest paid by such Apollo-managed funds or other entities are included in the investment management fee amounts noted above. Termination of ACRA investment management agreements (IMA) – Our bye-laws currently provide that, with respect to IMAs covering assets backing reserves and surplus in ACRA, whether from internal reinsurance, third-party reinsurance, or inorganic transactions, among us or any of our subsidiaries, on the one hand, and Apollo Insurance Solutions Group LP (ISG), on the other hand, we may not, and will not cause our subsidiaries to, terminate any such IMA with Apollo other than at specified termination dates and with relevant board approvals of independent directors and written notice. Governance – We have a management investment and asset liability committee, which includes members of our senior management and reports to the risk committee of our board of directors. The committee focuses on strategic decisions involving our investment portfolio, such as approving investment limits, new asset classes and our allocation strategy, reviewing large asset transactions, as well as monitoring our credit risk, and the management of our assets and liabilities. Prior to our merger with AGM on January 1, 2022, a significant voting interest in the Company was held by shareholders who are members of the Apollo Group. James Belardi, our Chief Executive Officer, also serves as a member of the board of directors and an executive officer of AGM and as Chief Executive Officer of ISG, which is also a subsidiary of AGM. Mr. Belardi also owns a profit interest in ISG and in connection with such interest receives quarterly distributions equal to 3.35% of base management fees and 4.5% of subadvisory fees, as such fees are defined in our fee agreement with Apollo. Additionally, six of the sixteen members of our board of directors (including Mr. Belardi) are employees of or consultants to Apollo. In order to protect against potential conflicts of interest resulting from transactions into which we have entered and will continue to enter into with the Apollo Group, our bye-laws require us to maintain a conflicts committee comprised solely of directors who are not general partners, directors (other than independent directors of AGM), managers, officers or employees of any member of the Apollo Group. The conflicts committee reviews and approves material transactions between us and the Apollo Group, subject to certain exceptions. Other related party transactions AAA Investment – In 2022, we contributed $8,007 million of certain of our alternative investments to AAA in exchange for limited partnership interests in AAA. We consolidate AAA as a VIE. Apollo established AAA for the purpose of providing a single vehicle through which we and third-party investors can participate in a portfolio of alternative investments. Additionally, we believe AAA enhances Apollo’s ability to increase alternative assets under management (AUM) by raising capital from third parties, which will allow Athene to achieve greater scale and diversification for alternatives. Third-party investors began to invest in AAA on July 1, 2022. Athene Freedom – We contributed our limited partnership investment in Athene Freedom, for which an Apollo affiliate is the general partner, to AAA during the second quarter of 2022. Athene Freedom indirectly invests in both Wheels, Inc. (Wheels) and Donlen, LLC (Donlen). We own ABS and corporate debt securities issued by Wheels and Donlen of $933 million and $2,419 million as of September 30, 2022 and December 31, 2021, respectively, which are held as related party AFS securities on the condensed consolidated balance sheets. During the second quarter 2022, we received redemptions on Wheels securities of $1,479 million. MidCap Financial – We have various investments in MidCap Financial including profit participating notes, senior unsecured notes and redeemable preferred stock. During the second quarter of 2022, we contributed our profit participating notes to AAA. We previously held these investments as related party AFS or trading securities on the condensed consolidated balance sheets. The following summarizes the predecessor investments in MidCap Financial: Predecessor (In millions) December 31, 2021 Profit participating notes $ 635 Senior unsecured notes 158 Redeemable preferred stock 7 Total investment in MidCap Financial $ 800 Additionally, we hold ABS and CLO securities issued by MidCap Financial affiliates of $1,008 million and $897 million as of September 30, 2022 and December 31, 2021, respectively, which are included in related party AFS securities on the condensed consolidated balance sheets. Athora – We have a cooperation agreement with Athora, pursuant to which, among other things, (1) for a period of 30 days from the receipt of notice of a cession, we have the right of first refusal to reinsure (i) up to 50% of the liabilities ceded from Athora’s reinsurance subsidiaries to Athora Life Re Ltd. and (ii) up to 20% of the liabilities ceded from a third party to any of Athora’s insurance subsidiaries, subject to a limitation in the aggregate of 20% of Athora’s liabilities, (2) Athora agreed to cause its insurance subsidiaries to consider the purchase of certain funding agreements and/or other spread instruments issued by our insurance subsidiaries, subject to a limitation that the fair market value of such funding agreements purchased by any of Athora’s insurance subsidiaries may generally not exceed 3% of the fair market value of such subsidiary’s total assets, (3) we provide Athora with a right of first refusal to pursue acquisition and reinsurance transactions in Europe (other than the United Kingdom (UK)) and (4) Athora provides us and our subsidiaries with a right of first refusal to pursue acquisition and reinsurance transactions in North America and the UK. Notwithstanding the foregoing, pursuant to the cooperation agreement, Athora is only required to use its reasonable best efforts to cause its subsidiaries to adhere to the provisions set forth in the cooperation agreement and therefore Athora’s ability to cause its subsidiaries to act pursuant to the cooperation agreement may be limited by, among other things, legal prohibitions or the inability to obtain the approval of the board of directors or other applicable governing body of the applicable subsidiary, which approval is solely at the discretion of such governing body. As of September 30, 2022 , we have not exercised our right of first refusal to reinsure liabilities ceded to Athora’s insurance or reinsurance subsidiaries. The following table summarizes our investments in Athora: Successor Predecessor (In millions) September 30, 2022 December 31, 2021 Investment fund $ 789 $ 743 Non-redeemable preferred equity securities 334 171 Total investment in Athora $ 1,123 $ 914 Additionally, as of September 30, 2022 and December 31, 2021, we had $54 million and $63 million, respectively, of funding agreements outstanding to Athora . We also have commitments to make additional investments in Athora of $809 million as of September 30, 2022. Venerable – We have coinsurance and modco agreements with Venerable Insurance and Annuity Company (VIAC). VIAC is a related party due to our minority equity investment in its holding company’s parent, VA Capital , which was $232 million and $219 million as of September 30, 2022 and December 31, 2021, respectively. The minority equity investment in VA Capital is included in related party investment funds on the condensed consolidated balance sheets and accounted for as an equity method investment. VA Capital is owned by a consortium of investors, led by affiliates of Apollo, Crestview Partners III Management , LLC and Reverence Capital Partners L.P., and is the parent of Venerable, which is the parent of VIAC. We also have term loans receivable from Venerable due in 2033, which are included in related party other investments on the condensed consolidated balance sheets. The loans are held at fair value and were $274 million as of September 30, 2022 and previously held at principal balance less allowances and were $222 million as of December 31, 2021. While management views the overall transactions with Venerable as favorable to us, the stated interest rate of 6.257% on the initial term loan to Venerable represented a below-market interest rate, and management considered such rate as part of its evaluation and pricing of the reinsurance transactions. Strategic Partnership – We have an agreement pursuant to which we may invest up to $2.875 billion over three years in funds managed by Apollo entities (Strategic Partnership). This arrangement is intended to permit us to invest across the Apollo alternatives platform into credit-oriented, strategic and other alternative investments in a manner and size that is consistent with our existing investment strategy. Fees for such investments payable by us to Apollo would be more favorable to us than market rates, and consistent with our existing alternative investments, investments made under the Strategic Partnership require approval of ISG and remain subject to our existing governance processes, including approval by our conflicts committee where applicable. During the second quarter of 2022, we contributed the majority of our Strategic Partnership investments to AAA. As of September 30, 2022 and December 31, 2021, we had $984 million and $415 million, respectively, of investments under the Strategic Partnership and these investments are typically included as consolidated VIEs or related party investment funds on the condensed consolidated balance sheets. PK AirFinance – We have investments in PK AirFinance (PK Air), an aviation lending business with a portfolio of loans (Aviation Loans). The Aviation Loans are generally fully secured by aircraft leases and aircraft. Apollo owns the PK Air loan origination platform, including personnel and systems and, pursuant to certain agreements entered into between us, Apollo, and certain entities managed by Apollo, the Aviation Loans are securitized by a special purpose vehicle (SPV) for which Apollo acts as ABS manager (ABS-SPV). The ABS-SPV issues tranches of senior notes and subordinated notes, which are secured by the Aviation Loans. We have purchased both senior and subordinated notes of PK Air, which are included in related party AFS or trading securities on the condensed consolidated balance sheets. During the first quarter of 2022, we contributed our investment in the subordinated notes to PK Air Holdings, LP (PK Air Holdings) and then contributed PK Air Holdings to AAA during the second quarter of 2022. The following summarizes our investments in PK Air notes: Successor Predecessor (In millions) September 30, 2022 December 31, 2021 AFS or trading securities $ 1,104 $ 1,401 We also have commitments to make additional investments in PK Air of $1,028 million as of September 30, 2022. Apollo/Athene Dedicated Investment Program (ADIP) – Our subsidiary, Athene Co-Invest Reinsurance Affiliate Holding Ltd. (together with its subsidiaries, ACRA) is partially owned by ADIP, a series of funds managed by Apollo. ALRe currently holds 36.55% of the economic interests in ACRA and all of ACRA’s voting interests, with ADIP holding the remaining 63.45% of the economic interests. During the three months ended September 30, 2022 and 2021, we received capital contributions of $336 million and $328 million, respectively, from ADIP. During the nine months ended September 30, 2022 and 2021, we received capital contributions of $1,047 million and $648 million, respectively, from ADIP. Additionally, as of September 30, 2022 and December 31, 2021 , we had $181 million and $81 million, respectively, of related party payables for contingent investment fees payable by ACRA to Apollo. ACRA is obligated to pay the contingent investment fees on behalf of ADIP and, as such, the balance is attributable to noncontrolling interest. Apollo Share Exchange and Related Transactions – On February 28, 2020, we closed a strategic transaction with AGM and certain affiliates of AGM which collectively comprise the Apollo Operating Group (AOG), pursuant to which we sold 27,959,184 newly issued Class A common shares to the AOG for an investment in Apollo of 29,154,519 newly issued AOG units valued at $1.1 billion and we sold 7,575,758 newly issued Class A common shares to the AOG for $350 million. As of December 31, 2021, the investment in Apollo was $2,112 million, which was included in related party investment funds on the condensed consolidated balance sheets. Subsequent to our merger with AGM, our investment in Apollo was distributed to AGM in the first quarter of 2022.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Contingent Commitments —We had commitments to make investments, primarily capital contributions to investment funds, inclusive of related party commitments discussed previously and those of consolidated VIEs, of $18,133 million as of September 30, 2022. We expect most of our current commitments will be invested over the next five years; however, these commitments could become due any time upon counterparty request. Funding Agreements —We are a member of the Federal Home Loan Bank of Des Moines (FHLB) and, through membership, we have issued funding agreements to the FHLB in exchange for cash advances. As of September 30, 2022 and December 31, 2021, we had $3,746 million and $2,751 million, respectively, of FHLB funding agreements outstanding. We are required to provide collateral in excess of the funding agreement amounts outstanding, considering any discounts to the securities posted and prepayment penalties. We have a funding agreement backed notes (FABN) program, which allows Athene Global Funding, a special-purpose, unaffiliated statutory trust, to offer its senior secured medium-term notes. Athene Global Funding uses the net proceeds from each sale to purchase one or more funding agreements from us. As of September 30, 2022 and December 31, 2021, we had $20,759 million and $19,728 million, respectively, of board-authorized FABN f unding agreements outstanding . We had $13,253 million of board-authorized FABN capacity remaining as of September 30, 2022. We also established a secured funding agreement backed repurchase agreement (FABR) program, in which a special-purpose, unaffiliated entity enters into repurchase agreements with a bank and the proceeds of the repurchase agreements are used by the special-purpose entity to purchase funding agreements from us. As of September 30, 2022 and December 31, 2021, we had $2,000 million and $1,000 million, respectively, of FABR funding agreements outstanding. Pledged Assets and Funds in Trust (Restricted Assets)— The total restricted assets included on the condensed consolidated balance sheets are as follows: Successor Predecessor (In millions) September 30, 2022 December 31, 2021 AFS securities $ 11,532 $ 9,111 Trading securities 57 75 Equity securities 48 30 Mortgage loans 7,625 5,033 Investment funds 103 174 Derivative assets 84 96 Short-term investments 8 — Other investments 170 130 Restricted cash 1,024 796 Total restricted assets $ 20,651 $ 15,445 The restricted assets are primarily related to reinsurance trusts established in accordance with coinsurance agreements and the FHLB and FABR funding agreements described above. Letters of Credit— We have undrawn letters of credit totaling $1,359 million as of September 30, 2022. These letters of credit were issued for our reinsurance program and expire between June 19, 2023 and May 22, 2024. Litigation, Claims and Assessments Corporate-owned Life Insurance (COLI) Matter – In 2000 and 2001, two insurance companies which were subsequently merged into AAIA, purchased broad based variable COLI policies from American General Life Insurance Company (American General). In January 2012, the COLI policy administrator delivered to AAIA a supplement to the existing COLI policies and advised that American General and ZC Resource Investment Trust (ZC Trust) had unilaterally implemented changes set forth in the supplement that, if effective, would: (1) potentially negatively impact the crediting rate for the policies and (2) change the exit and surrender protocols set forth in the policies. In March 2013, AAIA filed suit against American General, ZC Trust, and ZC Resource LLC in Chancery Court in Delaware, seeking, among other relief, a declaration that the changes set forth in the supplement were ineffectual and in breach of the parties’ agreement. The parties filed cross motions for judgment as a matter of law, and the court granted defendants’ motion and dismissed without prejudice on ripeness grounds. The issue that negatively impacts the crediting rate for one of the COLI policies has subsequently been triggered and, on April 3, 2018, we filed suit against the same defendants in Chancery Court in Delaware seeking substantially similar relief. Defendants moved to dismiss and the court heard oral arguments on February 13, 2019. The court issued an opinion on July 31, 2019 that did not address the merits, but found that the Chancery Court did not have jurisdiction over our claims and directed us to either amend our complaint or transfer the matter to Delaware Superior Court. The matter was transferred to the Delaware Superior Court. Defendants renewed their motion to dismiss and the Superior Court heard oral arguments on December 18, 2019. The Superior Court issued an opinion on May 18, 2020 in which it granted in part and denied in part defendants’ motion. The Superior Court denied defendants’ motion with respect to the issue that negatively impacts the crediting rate for one of the COLI policies, which issue proceeded to discovery. The Superior Court granted defendants’ motion and dismissed without prejudice on ripeness grounds claims related to the exit and surrender protocols set forth in the policies, and dismissed defendant ZC Resource LLC. If the supplement were to have been deemed effective, the purported changes to the policies could have impaired AAIA’s ability to access the value of guarantees associated with the policies. The parties engaged in discovery as well as discussions concerning whether the matter could be resolved without further litigation and, at the request of the parties, on August 11, 2021, the court entered an Amended Scheduling Order setting the trial date for June 2023. On December 27, 2021, the parties agreed in principle to a settlement, pursuant to which we will be able to surrender the policies at any time and receive proceeds within six months. During the year ended December 31, 2021, we recorded an impairment of the COLI asset of $53 million, and an adjustment to deferred tax liabilities of $47 million, to reflect the terms of the settlement. Regulatory Matters – From 2015 to 2018, our US insurance subsidiaries experienced increased complaints related to the conversion and administration of the block of life insurance business acquired in connection with our acquisition of Aviva USA and reinsured to affiliates of Global Atlantic. The life insurance policies included in this block have been and are currently being administered by AllianceOne Inc. (AllianceOne), a subsidiary of DXC Technology Company, which was retained by such Global Atlantic affiliates to provide third party administration services on such policies. AllianceOne also administers a small block of annuity policies that were on Aviva USA’s legacy policy administration systems that were also converted in connection with the acquisition of Aviva USA and have experienced some similar service and administration issues, but to a lesser degree. As a result of the difficulties experienced with respect to the administration of such policies, we have received notifications from several state regulators, including but not limited to New York State Department of Financial Services (NYSDFS), the California Department of Insurance (CDI) and the Texas Department of Insurance (TDI), indicating, in each case, that the respective regulator planned to undertake a market conduct examination or enforcement proceeding of the applicable US insurance subsidiary relating to the treatment of policyholders subject to our reinsurance agreements with affiliates of Global Atlantic and the conversion of the life and annuity policies, including the administration of such blocks by AllianceOne. We entered into consent orders with several state regulators, including the NYSDFS, the CDI and the TDI, to resolve underlying matters in the respective states. All fines and costs, including those associated with remediation plans, paid in connection with the consent orders are subject to indemnification by Global Atlantic or affiliates of Global Atlantic. Pursuant to the terms of the reinsurance agreements between us and the relevant affiliates of Global Atlantic, the applicable affiliates of Global Atlantic have financial responsibility for the ceded life block and are subject to significant administrative service requirements, including compliance with applicable law. The agreements also provide for indemnification to us, including for administration issues. In addition to the examinations and proceedings initiated to date, it is possible that other regulators may pursue similar formal examinations, inquiries or enforcement proceedings and that any examinations, inquiries and/or enforcement proceedings may result in fines, administrative penalties and payments to policyholders.

Business, Basis of Presentati_2

Business, Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation—We have prepared the accompanying condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the United States Securities and Exchange Commission’s rules and regulations for Form 10-Q and Article 10 of Regulation S-X. The accompanying condensed consolidated financial statements are unaudited and reflect all adjustments, consisting only of normal recurring items, considered necessary for fair statement of the results for the interim periods presented. All intercompany accounts and transactions have been eliminated. Interim operating results are not necessarily indicative of the results expected for the entire year.For entities that are consolidated, but not wholly owned, we allocate a portion of the income or loss and corresponding equity to the owners other than us. We include the aggregate of the income or loss and corresponding equity that is not owned by us in noncontrolling interests in the condensed consolidated financial statements.The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements, but does not include all of the information and footnotes required by GAAP for complete financial statements. Therefore, these condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021.
Consolidation	The accompanying condensed consolidated financial statements are unaudited and reflect all adjustments, consisting only of normal recurring items, considered necessary for fair statement of the results for the interim periods presented. All intercompany accounts and transactions have been eliminated. Interim operating results are not necessarily indicative of the results expected for the entire year.For entities that are consolidated, but not wholly owned, we allocate a portion of the income or loss and corresponding equity to the owners other than us. We include the aggregate of the income or loss and corresponding equity that is not owned by us in noncontrolling interests in the condensed consolidated financial statements.The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements, but does not include all of the information and footnotes required by GAAP for complete financial statements.
Use of Estimates	The preparation of financial statements requires the use of management estimates. Actual results may differ from estimates used in preparing the condensed consolidated financial statements.
Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts (ASU 2020-11, ASU 2019-09, ASU 2018-12) These updates amend four key areas pertaining to the accounting and disclosures for long-duration insurance and investment contracts. • The update requires cash flow assumptions used to measure the liability for future policy benefits to be updated at least annually and no longer allows a provision for adverse deviation. The remeasurement of the liability associated with the update of assumptions is required to be recognized in net income. Loss recognition testing is eliminated for traditional and limited-payment contracts. The update also requires the discount rate used in measuring the liability to be an upper-medium grade fixed-income instrument yield, which is to be updated at each reporting date. The change in liability due to changes in the discount rate is to be recognized in other comprehensive income. • The update simplifies the amortization of deferred acquisition costs and other balances amortized in proportion to premiums, gross profits, or gross margins, requiring such balances to be amortized on a constant level basis over the expected term of the contracts. Deferred costs are required to be written off for unexpected contract terminations but are not subject to impairment testing. • The update requires certain contract features meeting the definition of market risk benefits to be measured at fair value. Among the features included in this definition are GLWB and GMDB riders attached to our annuity products. The change in fair value of the market risk benefits is to be recognized in net income, excluding the portion attributable to changes in instrument-specific credit risk which is recognized in other comprehensive income. • The update also introduces disclosure requirements around the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities, and deferred acquisition costs. This includes disaggregated rollforwards of these balances and information about significant inputs, judgments, assumptions and methods used in their measurement. We are required to adopt these updates on January 1, 2023. Certain provisions of the update are required to be adopted on a fully retrospective basis, while others may be adopted on a modified retrospective basis. Early adoption is permitted. We do not expect that the adoption of this standard will have a material effect on our shareholders’ equity as of our transition date, which is January 1, 2022. Subsequent to the transition date, the remeasurement of liabilities for certain products and features that include use of current discount rates can reasonably be expected to have a significant positive impact on our US GAAP shareholders’ equity as of September 30, 2022, given the increase in rates for the nine months then ended. We are continuing to evaluate the quantitative impact of adopting this guidance on our consolidated financial statements for periods subsequent to our transition date.
Derivatives, Policy	We issue and reinsure products, primarily indexed annuity products, or purchase investments that contain embedded derivatives. If we determine the embedded derivative has economic characteristics not clearly and closely related to the economic characteristics of the host contract, and a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host contract and accounted for separately, unless the fair value option is elected on the host contract. Under the fair value option, bifurcation of the embedded derivative is not necessary as the entire contract is carried at fair value with all related gains and losses recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Embedded derivatives are carried on the condensed consolidated balance sheets at fair value in the same line item as the host contract. Fixed indexed annuity, index-linked variable annuity and indexed universal life insurance contracts allow the policyholder to elect a fixed interest rate return or an equity market component for which interest credited is based on the performance of certain equity market indices. The equity market option is an embedded derivative. The benefit reserve is equal to the sum of the fair value of the embedded derivative and the host (or guaranteed) component of the contracts. The fair value of the embedded derivatives represents the present value of cash flows attributable to the indexed strategies. The embedded derivative cash flows are based on assumptions for future policy growth, which include assumptions for expected index credits on the next policy anniversary date, future equity option costs, volatility, interest rates and policyholder behavior assumptions including lapses and the use of benefit riders. The embedded derivative cash flows are discounted using a rate that reflects our own credit rating. The host contract is established at contract inception as the initial account value less the initial fair value of the embedded derivative and accreted over the policy’s life. Contracts acquired through a business combination which contain an embedded derivative are re-bifurcated as of the acquisition date. Changes in the fair value of embedded derivatives associated with fixed indexed annuities, index-linked variable annuities and indexed universal life insurance contracts are included in interest sensitive contract benefits on the condensed consolidated statements of income (loss). Additionally, reinsurance agreements written on a funds withheld or modco basis contain embedded derivatives. We have determined that the right to receive or obligation to pay the total return on the assets supporting the funds withheld at interest or funds withheld liability, respectively, represents a total return swap with a floating rate leg. The fair value of embedded derivatives on funds withheld and modco agreements is computed as the unrealized gain (loss) on the underlying assets and is included within funds withheld at interest for assumed agreements, and for ceded agreements the funds withheld liability is included in other liabilities on the condensed consolidated balance sheets. The change in the fair value of the embedded derivatives is recorded in investment related gains (losses) on the condensed consolidated statements of income (loss). Assumed and ceded earnings from funds withheld at interest, funds withheld liability and changes in the fair value of embedded derivatives are reported in operating activities on the condensed consolidated statements of cash flows. Contributions to and withdrawals from funds withheld at interest and funds withheld liability are reported in operating activities on the condensed consolidated statements of cash flows.
Deferred Policy Acquisition Costs, Policy	Costs related directly to the successful acquisition of new, or renewal of, insurance or investment contracts are deferred to the extent they are recoverable from future premiums or gross profits. These costs consist of commissions and policy issuance costs, as well as sales inducements credited to policyholder account balances, and are included in deferred acquisition costs (DAC), deferred sales inducements (DSI) and value of business acquired (VOBA) on the condensed consolidated balance sheets. We perform periodic tests, including at issuance, to determine if the deferred costs are recoverable. If we determine that the deferred costs are not recoverable, we record a cumulative charge to the current period.Deferred costs related to universal life-type policies and investment contracts with significant revenue streams from sources other than investment of the policyholder funds are amortized over the lives of the policies, based upon the proportion of the present value of actual and expected deferred costs to the present value of actual and expected gross profits to be earned over the life of the policies. Gross profits include investment spread margins, surrender charge income, policy administration charges and expenses, changes in the guaranteed lifetime withdrawal benefit (GLWB) and guaranteed minimum death benefit (GMDB) reserves and realized gains and losses on investments. Current period gross profits for fixed indexed annuities also include the change in fair value of both freestanding and embedded derivatives. Estimates of the expected gross profits and margins are based on assumptions using accepted actuarial methods related to policyholder behavior, including lapses and the utilization of benefit riders, mortality, yields on investments supporting the liabilities, future interest credited amounts (including indexed related credited amounts on fixed indexed annuity products), and other policy changes as applicable, and the level of expenses necessary to maintain the policies over their expected lives. Each reporting period, we update estimated gross profits with actual gross profits as part of the amortization process and adjust the DAC and DSI balances due to the other comprehensive income (OCI) effects of unrealized investment gains and losses on AFS securities. We also periodically revise the key assumptions used in the amortization calculation, which results in revisions to the estimated future gross profits. The effects of changes in assumptions are recorded as unlocking in the period in which the changes are made.Deferred costs related to investment contracts without significant revenue streams from sources other than investment of the policyholder funds are amortized using the effective interest method. The effective interest method amortizes the deferred costs by discounting the future liability cash flows at a break-even rate. The break-even rate is solved for such that the present value of future liability cash flows is equal to the net liability at the inception of the contract.
Sales Inducements to Contract Holders, Policy	Costs related directly to the successful acquisition of new, or renewal of, insurance or investment contracts are deferred to the extent they are recoverable from future premiums or gross profits. These costs consist of commissions and policy issuance costs, as well as sales inducements credited to policyholder account balances, and are included in deferred acquisition costs (DAC), deferred sales inducements (DSI) and value of business acquired (VOBA) on the condensed consolidated balance sheets. We perform periodic tests, including at issuance, to determine if the deferred costs are recoverable. If we determine that the deferred costs are not recoverable, we record a cumulative charge to the current period.Deferred costs related to universal life-type policies and investment contracts with significant revenue streams from sources other than investment of the policyholder funds are amortized over the lives of the policies, based upon the proportion of the present value of actual and expected deferred costs to the present value of actual and expected gross profits to be earned over the life of the policies. Gross profits include investment spread margins, surrender charge income, policy administration charges and expenses, changes in the guaranteed lifetime withdrawal benefit (GLWB) and guaranteed minimum death benefit (GMDB) reserves and realized gains and losses on investments. Current period gross profits for fixed indexed annuities also include the change in fair value of both freestanding and embedded derivatives. Estimates of the expected gross profits and margins are based on assumptions using accepted actuarial methods related to policyholder behavior, including lapses and the utilization of benefit riders, mortality, yields on investments supporting the liabilities, future interest credited amounts (including indexed related credited amounts on fixed indexed annuity products), and other policy changes as applicable, and the level of expenses necessary to maintain the policies over their expected lives. Each reporting period, we update estimated gross profits with actual gross profits as part of the amortization process and adjust the DAC and DSI balances due to the other comprehensive income (OCI) effects of unrealized investment gains and losses on AFS securities. We also periodically revise the key assumptions used in the amortization calculation, which results in revisions to the estimated future gross profits. The effects of changes in assumptions are recorded as unlocking in the period in which the changes are made.Deferred costs related to investment contracts without significant revenue streams from sources other than investment of the policyholder funds are amortized using the effective interest method. The effective interest method amortizes the deferred costs by discounting the future liability cash flows at a break-even rate. The break-even rate is solved for such that the present value of future liability cash flows is equal to the net liability at the inception of the contract.
Present Value of Future Insurance Profits, Policy	We establish VOBA for blocks of insurance contracts acquired through the acquisition of insurance entities and through application of pushdown accounting. We record the fair value of the liabilities assumed in two components: reserves and VOBA. Reserves are established using our best estimate assumptions, plus a provision for adverse deviation where applicable, as of the business combination date. VOBA is the difference between the fair value of the liabilities and the reserves. VOBA can be either positive or negative. Any negative VOBA is recorded to the same financial statement line on the condensed consolidated balance sheets as the associated reserves. Positive VOBA is recorded in deferred acquisition costs, deferred sales inducements and value of business acquired on the condensed consolidated balance sheets. We perform periodic tests to determine if the VOBA remains recoverable. If we determine that VOBA is not recoverable, we record a cumulative charge to the current period. In connection with the application of pushdown accounting, we changed our VOBA amortization method such that all VOBA and negative VOBA balances are amortized in relation to applicable policyholder liabilities. Significant assumptions that impact VOBA and negative VOBA amortization are consistent with those that impact the measurement of policyholder liabilities. See Note 7 – Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired for further information.
Revenue	Revenues for universal life-type policies and investment contracts, including surrender and market value adjustments, costs of insurance, policy administration, GMDB, GLWB and no-lapse guarantee charges, are earned when assessed against policyholder account balances during the period. Interest credited to policyholder account balances and the change in fair value of embedded derivatives within fixed indexed annuity contracts is included in interest sensitive contract benefits on the condensed consolidated statements of income (loss). Premiums for long-duration contracts, including products with fixed and guaranteed premiums and benefits, are recognized as revenue when due from policyholders. When premiums are due over a significantly shorter period than the period over which benefits are provided, such as immediate annuities with life contingencies (which includes pension group annuities), a deferred profit liability is established equal to the excess of the gross premium over the net premium. The deferred profit liability is recognized in future policy benefits on the condensed consolidated balance sheets and amortized into income in relation to applicable policyholder liabilities through future policy and other policy benefits on the condensed consolidated statements of income (loss). All insurance related revenue is reported net of reinsurance ceded. Reclassifications —Certain reclassifications have been made to conform with current year presentation.
Consolidation, Variable Interest Entity, Policy	An entity that does not have sufficient equity to finance its activities without additional financial support, or in which the equity investors, as a group, do not have the characteristics typically afforded to common shareholders is a VIE. The determination as to whether an entity qualifies as a VIE depends on the facts and circumstances surrounding each entity and may require significant judgment. Our investment funds typically qualify as VIEs and are evaluated for consolidation under the VIE model.We are required to consolidate a VIE if we are the primary beneficiary, defined as the variable interest holder with both the power to direct the activities that most significantly impact the VIE’s economic performance and rights to receive benefits or obligations to absorb losses that could be potentially significant to the VIE. We determine whether we are the primary beneficiary of an entity based on a qualitative assessment of the VIE’s capital structure, contractual terms, nature of the VIE’s operations and purpose and our relative exposure to the related risks of the VIE. Since affiliates of AGM, a related party under common control, are the decision makers in certain of the investment funds and securitization vehicles, we and a member of our related party group may together have the characteristics of the primary beneficiary in a VIE. In this situation, we have concluded we must consolidate the VIE when we have significant economic exposure to the entity. We reassess the VIE and primary beneficiary determinations on an ongoing basis.
Investment, Policy	Effective January 1, 2022, we elected the fair value option on our mortgage loan portfolio. Interest income is accrued on the principal amount of the loan based on its contractual interest rate. We accrue interest on loans until it is probable we will not receive interest, or the loan is 90 days past due unless guaranteed by US government-sponsored agencies. Interest income and prepayment fees are reported in net investment income on the condensed consolidated statements of income (loss). Changes in the fair value of the mortgage loan portfolio are reported in investment related gains (losses) on the condensed consolidated statements of income (loss).

Business Combinations and Ass_2

Business Combinations and Asset Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	(In millions, except exchange ratio and share price data) Consideration AHL common shares purchased 138 Exchange ratio 1.149 Shares of common stock issued in exchange 158 AGM Class A shares closing price $ 72.43 Total merger consideration at closing $ 11,455 Fair value of estimated RSUs, options and warrants assumed and other equity consideration 699 Effective settlement of pre-existing relationships 896 Total merger consideration 13,050 Fair value of AHL common shares previously held by Apollo and other adjustments 4,554 Total AHL equity value held by AGM 17,604 Fair value of preferred stock 2,666 Noncontrolling interest 2,276 Total AHL equity value $ 22,546 The following represents the calculation of goodwill and fair value amounts recognized: (In millions) Fair value and goodwill calculation Merger consideration $ 13,050 Fair value of AHL common shares previously held by Apollo and other adjustments 4,554 Total AHL equity value held by AGM 17,604 Assets Investments $ 176,015 Cash and cash equivalents 9,479 Restricted cash 796 Investment in related parties 33,863 Reinsurance recoverable 4,977 VOBA 4,547 Other assets 5,729 Assets of consolidated variable interest entities 3,635 Estimated fair value of total assets acquired by AGM 239,041 Liabilities Interest sensitive contract liabilities 160,205 Future policy benefits 47,105 Debt 3,295 Payables for collateral on derivatives and securities to repurchase 7,044 Other liabilities 2,443 Liabilities of consolidated variable interest entities 461 Estimated fair value of total liabilities assumed by AGM 220,553 Identifiable net assets 18,488 Less: Fair value of preferred stock 2,666 Less: Fair value of noncontrolling interests 2,276 Estimated fair value of net assets acquired by AGM, excluding goodwill 13,546 Goodwill attributable to AHL $ 4,058
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The fair value and weighted average estimated useful life of identifiable intangible assets consists of the following: Fair value (in millions) Weighted average useful life (in years) VOBA $ 4,547 7 Distribution channels 1,870 18 Trade name 160 20 Insurance licenses 26 Indefinite Total $ 6,603

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Schedule of Investments [Abstract]
Debt Securities, Available-for-sale, Allowance for Credit Loss	Allowance for Credit Losses — The following table summarizes the activity in the allowance for credit losses for AFS securities by asset type: Successor Three months ended September 30, 2022 Additions Reductions (In millions) Beginning Balance Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Foreign governments $ 61 $ — $ — $ (28) $ — $ (6) $ 27 Corporate 70 5 — — (6) (3) 66 CLO 107 2 — — — (104) 5 ABS 14 7 — — — (8) 13 CMBS 9 — — — — (6) 3 RMBS 348 1 2 (7) — (23) 321 Total AFS securities 609 15 2 (35) (6) (150) 435 AFS securities – related party CLO 19 — — — — (18) 1 ABS 1 — — — — (1) — Total AFS securities – related party 20 — — — — (19) 1 Total AFS securities including related party $ 629 $ 15 $ 2 $ (35) $ (6) $ (169) $ 436 Predecessor Three months ended September 30, 2021 Additions Reductions (In millions) Beginning balance Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Corporate $ 5 $ — $ — $ — $ — $ (1) $ 4 CLO 3 4 — — — (3) 4 ABS 10 — — — — 6 16 CMBS 6 — — — — (5) 1 RMBS 83 1 — (4) — 7 87 Total AFS securities 107 5 — (4) — 4 112 AFS securities – related party, CLO 2 3 — — — (1) 4 Total AFS securities including related party $ 109 $ 8 $ — $ (4) $ — $ 3 $ 116 Successor Nine months ended September 30, 2022 Additions Reductions (In millions) January 1, 2022 Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Foreign governments $ — $ 66 $ — $ (28) $ — $ (11) $ 27 Corporate — 66 — — (6) 6 66 CLO — 24 — — — (19) 5 ABS 5 16 — — — (8) 13 CMBS — 14 — — — (11) 3 RMBS 306 30 3 (24) — 6 321 Total AFS securities 311 216 3 (52) (6) (37) 435 AFS securities – related party CLO — 3 — — — (2) 1 ABS — 18 — — — (18) — Total AFS securities – related party — 21 — — — (20) 1 Total AFS securities including related party $ 311 $ 237 $ 3 $ (52) $ (6) $ (57) $ 436 Predecessor Nine months ended September 30, 2021 Additions Reductions (In millions) Beginning balance Initial credit losses Initial credit losses on PCD securities Securities sold during the period Securities intended to be sold prior to recovery of amortized cost basis Additions (reductions) to previously impaired securities Ending Balance AFS securities Corporate $ 6 $ 3 $ — $ (2) $ — $ (3) $ 4 CLO 1 7 — — — (4) 4 ABS 6 5 — — — 5 16 CMBS 10 2 — — — (11) 1 RMBS 80 1 6 (10) — 10 87 Total AFS securities 103 18 6 (12) — (3) 112 AFS securities – related party, CLO 1 5 — (1) — (1) 4 Total AFS securities including related party $ 104 $ 23 $ 6 $ (13) $ — $ (4) $ 116
Available-for-sale Securities	The following table represents the amortized cost, allowance for credit losses, gross unrealized gains and losses and fair value of our AFS investments by asset type: Successor September 30, 2022 (In millions) Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities US government and agencies $ 3,229 $ — $ — $ (731) $ 2,498 US state, municipal and political subdivisions 1,217 — — (297) 920 Foreign governments 1,208 (27) 2 (322) 861 Corporate 72,556 (66) 50 (15,632) 56,908 CLO 16,235 (5) 3 (2,087) 14,146 ABS 10,691 (13) 8 (814) 9,872 CMBS 3,462 (3) — (396) 3,063 RMBS 6,248 (321) 7 (609) 5,325 Total AFS securities 114,846 (435) 70 (20,888) 93,593 AFS securities – related party Corporate 1,076 — 3 (57) 1,022 CLO 3,047 (1) — (415) 2,631 ABS 5,825 — 1 (274) 5,552 Total AFS securities – related party 9,948 (1) 4 (746) 9,205 Total AFS securities including related party $ 124,794 $ (436) $ 74 $ (21,634) $ 102,798 Predecessor December 31, 2021 (In millions) Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities US government and agencies $ 231 $ — $ 2 $ (10) $ 223 US state, municipal and political subdivisions 1,081 — 134 (2) 1,213 Foreign governments 1,110 — 35 (17) 1,128 Corporate 62,817 — 4,060 (651) 66,226 CLO 13,793 — 44 (185) 13,652 ABS 8,890 (17) 151 (35) 8,989 CMBS 2,764 (3) 56 (59) 2,758 RMBS 5,772 (103) 326 (25) 5,970 Total AFS securities 96,458 (123) 4,808 (984) 100,159 AFS securities – related party Corporate 842 — 19 (2) 859 CLO 2,573 — 5 (29) 2,549 ABS 6,986 — 61 (53) 6,994 Total AFS securities – related party 10,401 — 85 (84) 10,402 Total AFS securities including related party $ 106,859 $ (123) $ 4,893 $ (1,068) $ 110,561
Available-for-sale Securities by Contractual Maturity	The amortized cost and fair value of AFS securities, including related party, are shown by contractual maturity below: Successor September 30, 2022 (In millions) Amortized Cost Fair Value AFS securities Due in one year or less $ 1,053 $ 1,031 Due after one year through five years 10,912 9,837 Due after five years through ten years 20,900 17,101 Due after ten years 45,345 33,218 CLO, ABS, CMBS and RMBS 36,636 32,406 Total AFS securities 114,846 93,593 AFS securities – related party Due in one year or less 1 1 Due after one year through five years 23 21 Due after five years through ten years 898 870 Due after ten years 154 130 CLO and ABS 8,872 8,183 Total AFS securities – related party 9,948 9,205 Total AFS securities including related party $ 124,794 $ 102,798
Schedule of Unrealized Loss on Investments	Predecessor December 31, 2021 Less than 12 months 12 months or more Total (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses AFS securities US government and agencies $ 164 $ (8) $ 22 $ (2) $ 186 $ (10) US state, municipal and political subdivisions 122 (2) 1 — 123 (2) Foreign governments 387 (17) 1 — 388 (17) Corporate 18,995 (523) 863 (59) 19,858 (582) CLO 7,685 (124) 1,537 (35) 9,222 (159) ABS 4,038 (16) 165 (12) 4,203 (28) CMBS 880 (29) 177 (22) 1,057 (51) RMBS 437 (9) 274 (5) 711 (14) Total AFS securities 32,708 (728) 3,040 (135) 35,748 (863) AFS securities – related party Corporate 313 (2) — — 313 (2) CLO 1,245 (20) 163 (3) 1,408 (23) ABS 3,801 (52) 13 (1) 3,814 (53) Total AFS securities – related party 5,359 (74) 176 (4) 5,535 (78) Total AFS securities including related party $ 38,067 $ (802) $ 3,216 $ (139) $ 41,283 $ (941) The following summarizes the number of AFS securities that were in an unrealized loss position, including related party, for which an allowance for credit losses has not been recorded: Successor September 30, 2022 Unrealized loss position Unrealized loss position 12 months or more AFS securities 9,160 — AFS securities – related party 173 —
Fair Values and Unrealized Losses on Available-for-sale Securities	The following summarizes the fair value and gross unrealized losses for AFS securities, including related party, for which an allowance for credit losses has not been recorded, aggregated by asset type and length of time the fair value has remained below amortized cost: Successor September 30, 2022 Less than 12 months 12 months or more Total (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses AFS securities US government and agencies $ 2,482 $ (731) $ — $ — $ 2,482 $ (731) US state, municipal and political subdivisions 916 (297) — — 916 (297) Foreign governments 843 (322) — — 843 (322) Corporate 56,317 (15,631) — — 56,317 (15,631) CLO 13,636 (2,043) — — 13,636 (2,043) ABS 7,436 (730) — — 7,436 (730) CMBS 2,880 (384) — — 2,880 (384) RMBS 3,573 (428) — — 3,573 (428) Total AFS securities 88,083 (20,566) — — 88,083 (20,566) AFS securities – related party Corporate 409 (56) — — 409 (56) CLO 2,581 (412) — — 2,581 (412) ABS 5,018 (249) — — 5,018 (249) Total AFS securities – related party 8,008 (717) — — 8,008 (717) Total AFS securities including related party $ 96,091 $ (21,283) $ — $ — $ 96,091 $ (21,283)
Net Investment Income	Net Investment Income —Net investment income by asset class, including related party, consists of the following: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 AFS securities $ 1,077 $ 937 $ 2,885 $ 2,736 Trading securities 41 60 153 183 Equity securities 17 8 41 15 Mortgage loans 336 202 870 569 Investment funds (35) 183 373 1,326 Funds withheld at interest 534 188 1,347 566 Other 75 47 165 206 Investment revenue 2,045 1,625 5,834 5,601 Investment expenses (202) (153) (582) (443) Net investment income $ 1,843 $ 1,472 $ 5,252 $ 5,158
Investment Related Gains (Losses)	Investment Related Gains (Losses) —Investment related gains (losses) by asset class, including related party, consists of the following: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 AFS securities Gross realized gains on investment activity $ 84 $ 118 $ 404 $ 399 Gross realized losses on investment activity (761) (93) (2,003) (407) Net realized investment gains (losses) on AFS securities (677) 25 (1,599) (8) Net recognized investment losses on trading securities (121) (23) (489) (31) Net recognized investment gains (losses) on equity securities (9) 57 (257) 82 Net recognized investment losses on mortgage loans (1,199) — (3,094) — Derivative gains (losses) (1,821) 254 (8,794) 2,300 Provision for credit losses 171 12 (193) 72 Other gains 807 60 1,614 140 Investment related gains (losses) $ (2,849) $ 385 $ (12,812) $ 2,555 The following table summarizes the change in unrealized gains (losses) on trading and equity securities, including related party, we held as of the respective period end: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Trading securities $ (119) $ (15) $ (455) $ (70) Trading securities – related party 3 20 (3) 74 Equity securities 2 46 (237) 73 Equity securities – related party (18) 3 (31) 4
Mortgage Loans, Net	Mortgage loans includes both commercial and residential loans. In connection with the merger, we elected the fair value option on our mortgage loan portfolio. See Note 6 – Fair Value for further fair value option information. The following represents the mortgage loan portfolio, with fair value option loans presented at unpaid principal balance: Successor (In millions) September 30, 2022 Commercial mortgage loans $ 19,976 Commercial mortgage loans under development 780 Total commercial mortgage loans 20,756 Mark to fair value (1,849) Commercial mortgage loans 18,907 Residential mortgage loans 10,332 Mark to fair value (763) Residential mortgage loans 9,569 Mortgage loans $ 28,476 The following represents the mortgage loan portfolio based on amortized cost: Predecessor (In millions) December 31, 2021 Commercial mortgage loans $ 16,565 Commercial mortgage loans under development 499 Total commercial mortgage loans 17,064 Allowance for credit losses on commercial mortgage loans (167) Commercial mortgage loans 16,897 Residential mortgage loans 7,321 Allowance for credit losses on residential mortgage loans (70) Residential mortgage loans 7,251 Mortgage loans $ 24,148 The distribution of commercial mortgage loans, including those under development, by property type and geographic region, is as follows: Successor Predecessor September 30, 2022 December 31, 2021 (In millions, except for percentages) Net Carrying Value Percentage of Total Net Carrying Value Percentage of Total Property type Office building $ 4,730 25.0 % $ 4,870 28.8 % Retail 1,411 7.5 % 2,022 12.0 % Apartment 5,935 31.4 % 4,626 27.4 % Hotels 1,818 9.6 % 1,727 10.2 % Industrial 1,726 9.1 % 2,336 13.8 % Other commercial 3,287 17.4 % 1,316 7.8 % Total commercial mortgage loans $ 18,907 100.0 % $ 16,897 100.0 % US region East North Central $ 1,560 8.3 % $ 1,697 10.0 % East South Central 408 2.2 % 470 2.8 % Middle Atlantic 4,141 21.9 % 3,637 21.5 % Mountain 884 4.7 % 460 2.7 % New England 1,063 5.6 % 453 2.7 % Pacific 3,875 20.5 % 3,994 23.6 % South Atlantic 2,743 14.5 % 2,817 16.7 % West North Central 253 1.3 % 271 1.6 % West South Central 1,080 5.7 % 997 5.9 % Total US region 16,007 84.7 % 14,796 87.5 % International region United Kingdom 1,802 9.5 % 1,279 7.6 % Other International 1 1,098 5.8 % 822 4.9 % Total international region 2,900 15.3 % 2,101 12.5 % Total commercial mortgage loans $ 18,907 100.0 % $ 16,897 100.0 % 1 Represents all other countries, with each individual country comprising less than 5% of the portfolio. Our residential mortgage loan portfolio includes first lien residential mortgage loans collateralized by properties in various geographic locations and is summarized by proportion of the portfolio in the following table: Successor Predecessor September 30, 2022 December 31, 2021 US states California 30.8 % 28.4 % Florida 9.9 % 11.4 % New Jersey 5.6 % 5.1 % New York 5.6 % 4.8 % Other 1 35.3 % 38.5 % Total US residential mortgage loan percentage 87.2 % 88.2 % International United Kingdom 4.6 % 3.8 % Ireland 3.4 % 6.4 % Other 2 4.8 % 1.6 % Total international residential mortgage loan percentage 12.8 % 11.8 % Total residential mortgage loan percentage 100.0 % 100.0 % 1 Represents all other states, with each individual state comprising less than 5% of the portfolio. 2 Represents all other countries, with each individual country comprising less than 5% of the portfolio.
Investment Funds	The following summarizes our investment funds, including related party and consolidated VIEs: Successor Predecessor September 30, 2022 December 31, 2021 1 (In millions, except for percentages) Carrying value Percent of total Carrying value Percent of total Investment funds Equity $ 5 17.2 % $ 410 34.8 % Hybrid 20 69.0 % 667 56.6 % Yield 4 13.8 % 99 8.4 % Other — — % 2 0.2 % Total investment funds 29 100.0 % 1,178 100.0 % Investment funds – related parties Strategic origination platforms 68 5.3 % 1,338 18.1 % Strategic insurance platforms 1,048 82.4 % 1,440 19.5 % Apollo and other fund investments Equity 135 10.7 % 1,199 16.2 % Hybrid — — % 952 12.9 % Yield 4 0.3 % 305 4.1 % Other 2 17 1.3 % 2,157 29.2 % Total investment funds – related parties 1,272 100.0 % 7,391 100.0 % Investment funds owned by consolidated VIEs Strategic origination platforms 4,524 38.1 % 264 20.3 % Strategic insurance platforms 545 4.6 % — — % Apollo and other fund investments Equity 2,568 21.5 % 229 17.7 % Hybrid 3,183 26.8 % 56 4.3 % Yield 985 8.3 % 748 57.7 % Other 80 0.7 % — — % Total investment funds owned by consolidated VIEs 11,885 100.0 % 1,297 100.0 % Total investment funds including related party and funds owned by consolidated VIEs $ 13,186 $ 9,866 Note: During 2022, we contributed the majority of our investment funds to Apollo Aligned Alternatives, L.P. (AAA), which we consolidate as a VIE. See Note 11 – Related Parties for further information on AAA. 1 Certain reclassifications have been made to conform with current year presentation. 2 Includes our investment in Apollo held as of December 31, 2021.
Schedule of Variable Interest Entities	The following summarizes the carrying value and maximum loss exposure of these non-consolidated investments: Successor Predecessor September 30, 2022 December 31, 2021 (In millions) Carrying Value Maximum Loss Exposure Carrying Value Maximum Loss Exposure Investment funds $ 29 $ 323 $ 1,178 $ 1,792 Investment in related parties – investment funds 1,272 1,272 7,391 10,922 Assets of consolidated VIEs – investment funds 11,885 19,330 1,297 1,647 Investment in fixed maturity securities 32,801 37,775 31,769 31,622 Investment in related parties – fixed maturity securities 9,088 9,806 11,324 12,681 Investment in related parties – equity securities 340 340 284 284 Total non-consolidated investments $ 55,415 $ 68,846 $ 53,243 $ 58,948 The following summarizes the income statement activity of the consolidated VIEs: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Trading securities $ 10 $ — $ 10 $ — Equity securities 13 — 13 — Mortgage loans 22 28 65 56 Investment funds 4 (26) (5) 2 Other investments (16) — (3) — Net investment income $ 33 $ 2 $ 80 $ 58 Trading securities $ (38) $ — $ (38) $ — Net recognized investment losses on mortgage loans (103) — (262) — Provision for credit losses — (14) — (62) Investment funds 236 15 354 15 Other gains (losses) (16) — 5 — Investment related gains (losses) $ 79 $ 1 $ 59 $ (47)
Schedule of Repurchase Agreements	The following table summarizes the maturities of our repurchase agreements: Successor September 30, 2022 Remaining Contractual Maturity (In millions) Overnight and continuous Less than 30 days 30-90 days 91 days to 1 year Greater than 1 year Total Payables for repurchase agreements 1 $ — $ 150 $ 1,260 $ 201 $ 2,866 $ 4,477 1 Included in payables for collateral on derivatives and securities to repurchase on the condensed consolidated balance sheets. Predecessor December 31, 2021 Remaining Contractual Maturity (In millions) Overnight and continuous Less than 30 days 30-90 days 91 days to 1 year Greater than 1 year Total Payables for repurchase agreements 1 $ — $ 2,512 $ — $ — $ 598 $ 3,110 1 Included in payables for collateral on derivatives and securities to repurchase on the condensed consolidated balance sheets. The following table summarizes the securities pledged as collateral for repurchase agreements: Successor Predecessor September 30, 2022 December 31, 2021 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value AFS securities U.S. government and agencies $ 2,093 $ 1,592 $ — $ — Foreign governments 147 104 — — Corporate 1,965 1,580 2,923 3,208 CLO 282 264 — — ABS 1,207 1,066 — — Total securities pledged under repurchase agreements $ 5,694 $ 4,606 $ 2,923 $ 3,208
Schedules of Concentration of Risk, by Risk Factor	The following table represents our investment concentrations. The evaluation for concentration is based on 10% of shareholders’ equity; however, due to our shareholders’ equity being in a deficit position as of September 30, 2022, we are providing the top 30 investment concentrations. Successor Predecessor (In millions) September 30, 2022 December 31, 2021 Athene Freedom 1 $ 1,422 $ 3,119 Athora 1 1,123 N/A PK AirFinance 1 933 N/A AP Tundra 894 N/A Cayman Universe 762 N/A AOP Finance 754 N/A MidCap Financial 1 680 N/A SoftBank Vision Fund II 666 N/A AA Infrastructure 621 N/A Bank of America 593 N/A Apollo Rose 2 545 N/A Morgan Stanley 512 N/A Venerable 1 506 N/A AP Hansel 2 500 N/A Citigroup 494 N/A AP Maia 2 487 N/A JPMorgan Chase 452 N/A AT&T Inc. 413 N/A FWD Group 400 N/A Comcast 372 N/A Mileage Plus 371 N/A Verizon 347 N/A Goldman Sachs 310 N/A AA Warehouse 299 N/A HWIRE 294 N/A Enterprise Products 280 N/A Wheels Fleet Lease 279 N/A Shell 279 N/A Energy Trans 266 N/A Wells Fargo 249 N/A 1 Related party amounts are representative of single issuer risk and may only include a portion of the total investments associated with a related party. See further discussion of these related parties in Note 11 – Related Parties. 2 Represents a consolidated VIE investment in which an underlying investment includes a single issuer exceeding concentration threshold. N/A – Not applicable as investment did not meet single issuer concentration threshold for the period.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional Amount and Fair Value of Derivative Instruments	The following table presents the notional amount and fair value of derivative instruments: Successor Predecessor September 30, 2022 December 31, 2021 Notional Amount Fair Value Notional Amount Fair Value (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedges Foreign currency hedges Swaps 6,517 $ 1,122 $ 241 6,371 $ 281 $ 56 Forwards 5,627 697 5 6,395 189 2 Interest rate swaps 4,468 — 1,055 2,783 — 173 Forwards on net investments 193 4 — 231 — 4 Interest rate swaps 9,505 1 159 500 — 1 Total derivatives designated as hedges 1,824 1,460 470 236 Derivatives not designated as hedges Equity options 61,670 905 122 57,890 3,629 115 Futures 21 30 2 33 67 — Total return swaps 99 — 10 231 10 — Foreign currency swaps 3,428 354 188 2,592 57 19 Interest rate swaps 465 88 — 483 78 1 Credit default swaps 10 — 1 10 — 3 Foreign currency forwards 14,013 864 439 7,382 76 98 Embedded derivatives Funds withheld including related party (6,830) (82) 1,360 45 Interest sensitive contract liabilities — 4,998 — 14,907 Total derivatives not designated as hedges (4,589) 5,678 5,277 15,188 Total derivatives $ (2,765) $ 7,138 $ 5,747 $ 15,424
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following is a summary of the gains (losses) related to cash flow hedges: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Investment related gains (losses) Foreign currency swaps $ — $ (21) $ — $ 6 Other comprehensive income Foreign currency swaps — 114 — 171 Interest rate swaps (111) — (111) — There were no amounts deemed ineffective during the three and nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, no amounts are expected to be reclassified to income within the next 12 months.
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	The following represents the carrying amount and the cumulative fair value hedging adjustments included in the hedged assets or liabilities: Successor Predecessor September 30, 2022 December 31, 2021 (In millions) Carrying amount of the hedged assets or liabilities 1 Cumulative amount of fair value hedging gains (losses) Carrying amount of the hedged assets or liabilities 1 Cumulative amount of fair value hedging gains (losses) AFS securities Foreign currency forwards $ 3,989 $ (644) $ 4,224 $ (136) Foreign currency swaps 3,878 (792) — — Mortgage loans – Foreign currency forwards — — 1,686 (44) Interest sensitive contract liabilities Foreign currency swaps 1,081 162 — — Foreign currency interest rate swaps 4,348 879 2,773 121 Interest rate swaps 6,750 357 500 — 1 The carrying amount disclosed for AFS securities is amortized cost. The following is a summary of the gains (losses) related to the derivatives and related hedged items in fair value hedge relationships: Amount Excluded (In millions) Derivatives Hedged Items Net Recognized in income through amortization approach Recognized in income through changes in fair value Three months ended September 30, 2022 (Successor) Investment related gains (losses) Foreign currency forwards $ 288 $ (290) $ (2) $ 18 $ — Foreign currency swaps 256 (283) (27) — — Foreign currency interest rate swaps (379) 384 5 — — Interest rate swaps (268) 264 (4) — — Interest sensitive contract benefits Foreign currency interest rate swaps 12 (14) (2) — — Three months ended September 30, 2021 (Predecessor) Investment related gains (losses) Foreign currency forwards $ 133 $ (149) $ (16) $ — $ (37) Foreign currency interest rate swaps (51) 50 (1) — — Interest sensitive contract benefits Foreign currency interest rate swaps 7 (6) 1 — — Amount Excluded (In millions) Derivatives Hedged Items Net Recognized in income through amortization approach Recognized in income through changes in fair value Nine months ended September 30, 2022 (Successor) Investment related gains (losses) Foreign currency forwards $ 616 $ (648) $ (32) $ 48 $ 1 Foreign currency swaps 589 (630) (41) — — Foreign currency interest rate swaps (873) 879 6 — — Interest rate swaps (345) 357 12 — — Interest sensitive contract benefits Foreign currency interest rate swaps 37 (37) — — — Nine months ended September 30, 2021 (Predecessor) Investment related gains (losses) Foreign currency forwards $ 338 $ (337) $ 1 $ — $ (37) Foreign currency interest rate swaps (82) 82 — — — Interest sensitive contract benefits Foreign currency interest rate swaps 13 (11) 2 — — The following is a summary of the gains (losses) excluded from the assessment of hedge effectiveness that were recognized in OCI : Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Foreign currency forwards $ (20) $ 86 $ (77) $ 90 Foreign currency swaps 51 — 60 —
Gains (Losses) Related to Derivatives Not Designated as Hedges	The following is a summary of the gains (losses) related to derivatives not designated as hedges: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Equity options $ (449) $ (45) $ (2,728) $ 1,501 Futures (34) (2) (153) 53 Swaps 132 (40) 121 (4) Foreign currency forwards 454 75 971 25 Embedded derivatives on funds withheld (1,839) 205 (7,041) 463 Amounts recognized in investment related gains (losses) (1,736) 193 (8,830) 2,038 Embedded derivatives in indexed annuity products 1 800 132 3,244 (716) Total net gains (losses) on derivatives not designated as hedges $ (936) $ 325 $ (5,586) $ 1,322 1 Included in interest sensitive contract benefits on the condensed consolidated statements of income (loss).
Estimated Fair Value of Net Derivative and Other Financial Assets	The estimated fair value of our net derivative and other financial assets and liabilities after the application of master netting agreements and collateral were as follows: Gross amounts not offset on the condensed consolidated balance sheets (In millions) Gross amount recognized 1 Financial instruments 2 Collateral (received)/pledged Net amount Off-balance sheet securities collateral 3 Net amount after securities collateral September 30, 2022 (Successor) Derivative assets $ 4,065 $ (1,671) $ (2,538) $ (144) $ — $ (144) Derivative liabilities (2,222) 1,671 598 47 — 47 December 31, 2021 (Predecessor) Derivative assets $ 4,387 $ (430) $ (3,934) $ 23 $ — $ 23 Derivative liabilities (472) 430 32 (10) — (10) 1 The gross amounts of recognized derivative assets and derivative liabilities are reported on the condensed consolidated balance sheets. As of September 30, 2022 and December 31, 2021, amounts not subject to master netting or similar agreements were immaterial. 2 Represents amounts offsetting derivative assets and derivative liabilities that are subject to an enforceable master netting agreement or similar agreement that are not netted against the gross derivative assets or gross derivative liabilities for presentation on the condensed consolidated balance sheets. 3 For non-cash collateral received, we do not recognize the collateral on our balance sheet unless the obligor (transferor) has defaulted under the terms of the secured contract and is no longer entitled to redeem the pledged asset. Amounts do not include any excess of collateral pledged or received.
Estimated Fair Value of Net Derivative and Other Financial Liabilities	The estimated fair value of our net derivative and other financial assets and liabilities after the application of master netting agreements and collateral were as follows: Gross amounts not offset on the condensed consolidated balance sheets (In millions) Gross amount recognized 1 Financial instruments 2 Collateral (received)/pledged Net amount Off-balance sheet securities collateral 3 Net amount after securities collateral September 30, 2022 (Successor) Derivative assets $ 4,065 $ (1,671) $ (2,538) $ (144) $ — $ (144) Derivative liabilities (2,222) 1,671 598 47 — 47 December 31, 2021 (Predecessor) Derivative assets $ 4,387 $ (430) $ (3,934) $ 23 $ — $ 23 Derivative liabilities (472) 430 32 (10) — (10) 1 The gross amounts of recognized derivative assets and derivative liabilities are reported on the condensed consolidated balance sheets. As of September 30, 2022 and December 31, 2021, amounts not subject to master netting or similar agreements were immaterial. 2 Represents amounts offsetting derivative assets and derivative liabilities that are subject to an enforceable master netting agreement or similar agreement that are not netted against the gross derivative assets or gross derivative liabilities for presentation on the condensed consolidated balance sheets. 3 For non-cash collateral received, we do not recognize the collateral on our balance sheet unless the obligor (transferor) has defaulted under the terms of the secured contract and is no longer entitled to redeem the pledged asset. Amounts do not include any excess of collateral pledged or received.

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following summarizes the carrying value and maximum loss exposure of these non-consolidated investments: Successor Predecessor September 30, 2022 December 31, 2021 (In millions) Carrying Value Maximum Loss Exposure Carrying Value Maximum Loss Exposure Investment funds $ 29 $ 323 $ 1,178 $ 1,792 Investment in related parties – investment funds 1,272 1,272 7,391 10,922 Assets of consolidated VIEs – investment funds 11,885 19,330 1,297 1,647 Investment in fixed maturity securities 32,801 37,775 31,769 31,622 Investment in related parties – fixed maturity securities 9,088 9,806 11,324 12,681 Investment in related parties – equity securities 340 340 284 284 Total non-consolidated investments $ 55,415 $ 68,846 $ 53,243 $ 58,948 The following summarizes the income statement activity of the consolidated VIEs: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Trading securities $ 10 $ — $ 10 $ — Equity securities 13 — 13 — Mortgage loans 22 28 65 56 Investment funds 4 (26) (5) 2 Other investments (16) — (3) — Net investment income $ 33 $ 2 $ 80 $ 58 Trading securities $ (38) $ — $ (38) $ — Net recognized investment losses on mortgage loans (103) — (262) — Provision for credit losses — (14) — (62) Investment funds 236 15 354 15 Other gains (losses) (16) — 5 — Investment related gains (losses) $ 79 $ 1 $ 59 $ (47)

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following represents the hierarchy for our assets and liabilities measured at fair value on a recurring basis: Successor September 30, 2022 (In millions) Total NAV Level 1 Level 2 Level 3 Assets AFS securities US government and agencies $ 2,498 $ — $ 2,496 $ 2 $ — US state, municipal and political subdivisions 920 — — 920 — Foreign governments 861 — — 859 2 Corporate 56,908 — — 55,246 1,662 CLO 14,146 — — 14,143 3 ABS 9,872 — — 6,024 3,848 CMBS 3,063 — — 3,063 — RMBS 5,325 — — 5,325 — Total AFS securities 93,593 — 2,496 85,582 5,515 Trading securities 1,590 — 24 1,512 54 Equity securities 1,207 — 265 870 72 Mortgage loans 25,145 — — — 25,145 Funds withheld at interest – embedded derivative (5,259) — — — (5,259) Derivative assets 4,065 — 31 4,034 — Short-term investments 292 — 81 176 35 Other investments 666 — — 170 496 Cash and cash equivalents 9,823 — 9,823 — — Restricted cash 1,024 — 1,024 — — Investments in related parties AFS securities Corporate 1,022 — — 169 853 CLO 2,631 — — 2,320 311 ABS 5,552 — — 224 5,328 Total AFS securities – related party 9,205 — — 2,713 6,492 Trading securities 905 — — — 905 Equity securities 340 — — — 340 Mortgage loans 1,331 — — — 1,331 Investment funds 789 — — — 789 Funds withheld at interest – embedded derivative (1,571) — — — (1,571) Other investments 274 — — — 274 Reinsurance recoverable 1,476 — — — 1,476 Assets of consolidated VIEs Trading securities 988 — 4 364 620 Equity securities 15 — — — 15 Mortgage loans 1,663 — — — 1,663 Investment funds 11,885 9,579 — — 2,306 Other investments 152 — — 16 136 Cash and cash equivalents 418 — 418 — — Total assets measured at fair value $ 160,016 $ 9,579 $ 14,166 $ 95,437 $ 40,834 Liabilities Interest sensitive contract liabilities Embedded derivative $ 4,998 $ — $ — $ — $ 4,998 Universal life benefits 852 — — — 852 Future policy benefits AmerUs Life Insurance Company (AmerUs) Closed Block 1,157 — — — 1,157 Indianapolis Life Insurance Company (ILICO) Closed Block and life benefits 612 — — — 612 Derivative liabilities 2,222 — (8) 2,229 1 Funds withheld liability – embedded derivative (82) — — (82) — Total liabilities measured at fair value $ 9,759 $ — $ (8) $ 2,147 $ 7,620 Predecessor December 31, 2021 (In millions) Total NAV Level 1 Level 2 Level 3 Assets AFS securities US government and agencies $ 223 $ — $ 214 $ 9 $ — US state, municipal and political subdivisions 1,213 — — 1,213 — Foreign governments 1,128 — — 1,126 2 Corporate 66,226 — — 64,887 1,339 CLO 13,652 — — 13,638 14 ABS 8,989 — — 5,370 3,619 CMBS 2,758 — — 2,715 43 RMBS 5,970 — — 5,970 — Total AFS securities 100,159 — 214 94,928 5,017 Trading securities 2,056 — 3 1,984 69 Equity securities 1,170 — 86 655 429 Mortgage loans 17 — — — 17 Investment funds 183 165 — — 18 Funds withheld at interest – embedded derivative 782 — — — 782 Derivative assets 4,387 — 67 4,320 — Short-term investments 139 — 49 61 29 Other investments 130 — — 130 — Cash and cash equivalents 9,479 — 9,479 — — Restricted cash 796 — 796 — — Investments in related parties AFS securities Corporate 859 — — 189 670 CLO 2,549 — — 2,347 202 ABS 6,994 — — 549 6,445 Total AFS securities – related party 10,402 — — 3,085 7,317 Trading securities 1,781 — — 10 1,771 Equity securities 284 — — — 284 Investment funds 2,958 103 — — 2,855 Funds withheld at interest – embedded derivative 578 — — — 578 Reinsurance recoverable 1,991 — — — 1,991 Assets of consolidated VIEs Investment funds 1,297 — — — 1,297 Cash and cash equivalents 154 — 154 — — Total assets measured at fair value $ 138,743 $ 268 $ 10,848 $ 105,173 $ 22,454 Liabilities Interest sensitive contract liabilities Embedded derivative $ 14,907 $ — $ — $ — $ 14,907 Universal life benefits 1,235 — — — 1,235 Future policy benefits AmerUs Closed Block 1,520 — — — 1,520 ILICO Closed Block and life benefits 742 — — — 742 Derivative liabilities 472 — — 469 3 Funds withheld liability – embedded derivative 45 — — 45 — Total liabilities measured at fair value $ 18,921 $ — $ — $ 514 $ 18,407
Summary of Fair Value Option	The following represents the gains (losses) recorded for instruments for which we have elected the fair value option, including related party and consolidated VIEs: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Trading securities $ (121) $ (23) $ (489) $ (31) Mortgage loans (1,279) — (3,344) — Investment funds (47) 4 9 439 Future policy benefits 90 21 363 70 Total gains (losses) $ (1,357) $ 2 $ (3,461) $ 478 The following summarizes information for fair value option mortgage loans, including related party and consolidated VIEs: Successor Predecessor (In millions) September 30, 2022 December 31, 2021 Unpaid principal balance $ 30,751 $ 15 Mark to fair value (2,612) 2 Fair value $ 28,139 $ 17 The following represents our commercial mortgage loan portfolio 90 days or more past due and/or in non-accrual status: Successor (In millions) September 30, 2022 Unpaid principal balance of commercial mortgage loans 90 days or more past due and/or in non-accrual status $ 163 Mark to fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status (76) Fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status $ 87 Fair value of commercial mortgage loans 90 days or more past due $ 1 Fair value of commercial mortgage loans in non-accrual status 87 The following represents our residential loan portfolio 90 days or more past due and/or in non-accrual status: Successor (In millions) September 30, 2022 Unpaid principal balance of residential mortgage loans 90 days or more past due and/or in non-accrual status $ 502 Mark to fair value of residential mortgage loans 90 days or more past due and/or in non-accrual status (40) Fair value of residential mortgage loans 90 days or more past due and/or in non-accrual status $ 462 Fair value of residential mortgage loans 90 days or more past due 1 $ 462 Fair value of residential mortgage loans in non-accrual status 205 1 Includes $257 million of residential mortgage loans that are guaranteed by US government-sponsored agencies. The following is the estimated amount of gains (losses) included in earnings during the period attributable to changes in instrument-specific credit risk on our mortgage loan portfolio: Successor Predecessor Successor Predecessor (In millions) Three months ended September 30, 2022 Three months ended September 30, 2021 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Mortgage loans $ 18 $ — $ (34) $ —
Reconciliation of Level 3 Assets Measured on a Recurring Basis	The following are reconciliations for Level 3 assets and liabilities measured at fair value on a recurring basis. Transfers in and out of Level 3 are primarily based on changes in the availability of pricing sources, as described in the valuation methods above. Successor Three months ended September 30, 2022 Total realized and unrealized gains (losses) (In millions) Beginning balance Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities Foreign governments $ 2 $ — $ — $ — — $ 2 $ — $ — Corporate 1,588 (16) (58) 205 (57) 1,662 — (55) CLO — — — 3 — 3 — — ABS 3,594 2 (50) 198 104 3,848 — (60) RMBS 68 — (1) (1) (66) — — — Trading securities 58 (4) — (2) 2 54 (4) — Equity securities 62 10 — — — 72 11 — Mortgage loans 25,218 (1,117) — 1,044 — 25,145 (1,111) — Investment funds 19 — — — (19) — — — Funds withheld at interest – embedded derivative (3,958) (1,301) — — — (5,259) — — Short-term investments 58 — — (23) — 35 — — Other investments — — — — 496 496 — — Investments in related parties AFS securities Corporate 849 1 (17) 114 (94) 853 — (15) CLO 325 — (14) — — 311 — (14) ABS 5,026 (3) (73) 284 94 5,328 — (73) Trading securities 891 4 — 5 5 905 4 — Equity securities 163 (18) — 195 — 340 (18) — Mortgage loans 1,416 (82) — (3) — 1,331 (82) — Investment funds 818 (29) — — — 789 (29) — Funds withheld at interest – embedded derivative (1,129) (442) — — — (1,571) — — Other investments — — — — 274 274 — — Reinsurance recoverable 1,580 (104) — — — 1,476 — — Assets of consolidated VIEs Trading securities 330 (7) — 529 (232) 620 (7) — Equity securities — — — — 15 15 — — Mortgage loans 1,626 (80) — 96 21 1,663 (79) — Investment funds 1,053 (19) — 1,694 (422) 2,306 (19) — Other investments 31 — — — 105 136 — — Total Level 3 assets $ 39,688 $ (3,205) $ (213) $ 4,338 $ 226 $ 40,834 $ (1,334) $ (217) Liabilities Interest sensitive contract liabilities Embedded derivative $ (5,451) $ 800 $ — $ (347) $ — $ (4,998) $ — $ — Universal life benefits (943) 91 — — — (852) — — Future policy benefits AmerUs Closed Block (1,247) 90 — — — (1,157) — — ILICO Closed Block and life benefits (623) 11 — — — (612) — — Derivative liabilities (1) — — — — (1) — — Total Level 3 liabilities $ (8,265) $ 992 $ — $ (347) $ — $ (7,620) $ — $ — 1 Related to instruments held at end of period. Predecessor Three months ended September 30, 2021 Total realized and unrealized gains (losses) (In millions) Beginning balance Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities Foreign governments $ 2 $ — $ — $ — $ — $ 2 $ — $ — Corporate 983 (2) 3 136 (61) 1,059 — 3 CLO 276 2 — (22) (242) 14 — — ABS 1,481 (5) 5 139 109 1,729 — 11 CMBS 51 — (1) 1 (26) 25 — (1) Trading securities 99 (6) — 3 (1) 95 (3) — Equity securities 22 2 — — — 24 2 — Mortgage loans 18 — — — — 18 — — Investment funds 18 1 — — — 19 1 — Funds withheld at interest – embedded derivative 1,373 (231) — — — 1,142 — — Short-term investments — — — 29 — 29 — — Investments in related parties AFS securities Corporate — — 1 115 212 328 — (3) ABS 4,237 (5) (2) 45 (322) 3,953 — — Trading securities 1,710 (4) — 30 (23) 1,713 (3) — Equity securities 115 3 — (3) — 115 3 — Investment funds 2,452 1 — — — 2,453 1 — Funds withheld at interest – embedded derivative 752 (65) — — — 687 — — Reinsurance recoverable 1,946 23 — — — 1,969 — — Assets of consolidated VIEs – investment funds 417 2 — 246 — 665 2 — Total Level 3 assets $ 15,952 $ (284) $ 6 $ 719 $ (354) $ 16,039 $ 3 $ 10 Liabilities Interest sensitive contract liabilities Embedded derivative $ (13,635) $ 132 $ — $ (599) $ — $ (14,102) $ — $ — Universal life benefits (1,188) (7) — — — (1,195) — — Future policy benefits AmerUs Closed Block (1,551) 21 — — — (1,530) — — ILICO Closed Block and life benefits (743) (16) — — — (759) — — Derivative liabilities (4) — — — — (4) — — Total Level 3 liabilities $ (17,121) $ 130 $ — $ (599) $ — $ (17,590) $ — $ — 1 Related to instruments held at end of period. Successor Nine months ended September 30, 2022 Total realized and unrealized gains (losses) (In millions) Balance at January 1, 2022 Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities Foreign governments $ 2 $ — $ — $ — $ — $ 2 $ — $ — Corporate 1,339 (19) (135) 385 92 1,662 — (120) CLO 14 (2) — (9) — 3 — — ABS 3,619 9 (145) 198 167 3,848 — (116) CMBS 43 — (17) — (26) — — — RMBS — — (1) 67 (66) — — — Trading securities 69 (10) — 6 (11) 54 (4) — Equity securities 429 27 — (3) (381) 72 25 — Mortgage loans 21,154 (2,888) — 6,879 — 25,145 (2,878) — Investment funds 18 1 — — (19) — — — Funds withheld at interest – embedded derivative — (5,259) — — — (5,259) — — Short-term investments 29 — (1) 7 — 35 — (1) Other investments — — — — 496 496 — — Investments in related parties AFS securities Corporate 670 (3) (23) 250 (41) 853 — (22) CLO 202 — (21) 130 — 311 — (21) ABS 6,445 (4) (208) (957) 52 5,328 — (193) Trading securities 1,771 3 — (1,057) 188 905 (4) — Equity securities 284 (32) — 76 12 340 (27) — Mortgage loans 1,369 (206) — 168 — 1,331 (206) — Investment funds 2,855 (1) — (34) (2,031) 789 (1) — Funds withheld at interest – embedded derivative — (1,571) — — — (1,571) — — Short-term investments — — — 53 (53) — — — Other investments — — — — 274 274 — — Reinsurance recoverable 1,991 (515) — — — 1,476 — — Assets of consolidated VIEs Trading securities — (7) — 529 98 620 (7) — Equity securities — — — — 15 15 — — Mortgage loans 2,152 (250) — (58) (181) 1,663 (250) — Investment funds 1,297 9 — 1,855 (855) 2,306 9 — Other investments — — — 31 105 136 — — Total Level 3 assets $ 45,752 $ (10,718) $ (551) $ 8,516 $ (2,165) $ 40,834 $ (3,343) $ (473) Liabilities Interest sensitive contract liabilities Embedded derivative $ (7,559) $ 3,244 $ — $ (683) $ — $ (4,998) $ — $ — Universal life benefits (1,235) 383 — — — (852) — — Future policy benefits AmerUs Closed Block (1,520) 363 — — — (1,157) — — ILICO Closed Block and life benefits (742) 130 — — — (612) — — Derivative liabilities (3) 2 — — — (1) — — Total Level 3 liabilities $ (11,059) $ 4,122 $ — $ (683) $ — $ (7,620) $ — $ — 1 Related to instruments held at end of period. Predecessor Nine months ended September 30, 2021 Total realized and unrealized gains (losses) (In millions) Beginning balance Included in income Included in OCI Net purchases, issuances, sales and settlements Net transfers in (out) Ending balance Total gains (losses) included in earnings 1 Total gains (losses) included in OCI 1 Assets AFS securities US state, municipal and political subdivisions $ 34 $ — $ — $ (1) $ (33) $ — $ — $ — Foreign governments 2 — — — — 2 — — Corporate 778 6 37 108 130 1,059 — 37 CLO 208 — 1 (37) (158) 14 — 1 ABS 800 (4) 34 894 5 1,729 — 47 CMBS 43 1 4 — (23) 25 — 4 Trading securities 86 (4) — 10 3 95 (2) — Equity securities 11 13 — — — 24 13 — Mortgage loans 19 — — (1) — 18 — — Investment funds 17 2 — — — 19 2 — Funds withheld at interest – embedded derivative 1,944 (802) — — — 1,142 — — Short-term investments 2 — — 29 (2) 29 — — Investments in related parties AFS securities Corporate 195 — (2) 330 (195) 328 — (3) ABS 4,109 (5) (27) (63) (61) 3,953 — (27) Trading securities 1,525 39 — 255 (106) 1,713 51 — Equity securities 72 4 — 39 — 115 4 — Investment funds 2,033 420 — — — 2,453 420 — Funds withheld at interest – embedded derivative 862 (175) — — — 687 — — Reinsurance recoverable 2,100 (131) — — — 1,969 — — Assets of consolidated VIEs – investment funds — 17 — 539 109 665 18 — Total Level 3 assets $ 14,840 $ (619) $ 47 $ 2,102 $ (331) $ 16,039 $ 506 $ 59 Liabilities Interest sensitive contract liabilities Embedded derivative $ (12,873) $ (716) $ — $ (513) $ — $ (14,102) $ — $ — Universal life benefits (1,308) 113 — — — (1,195) — — Future policy benefits AmerUs Closed Block (1,600) 70 — — — (1,530) — — ILICO Closed Block and life benefits (776) 17 — — — (759) — — Derivative liabilities (4) — — — — (4) — — Total Level 3 liabilities $ (16,561) $ (516) $ — $ (513) $ — $ (17,590) $ — $ — 1 Related to instruments held at end of period.
Gross Components of Purchases, Sales, Issuances and Settlements, net	The following represents the gross components of purchases, issuances, sales and settlements, net, and net transfers in (out) shown above: Successor Three months ended September 30, 2022 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in Transfers out Net transfers in (out) Assets AFS securities Corporate $ 228 $ — $ (3) $ (20) $ 205 $ 83 $ (140) $ (57) CLO 3 — — — 3 — — — ABS 344 — — (146) 198 116 (12) 104 RMBS — — — (1) (1) — (66) (66) Trading securities — — — (2) (2) 3 (1) 2 Mortgage loans 1,900 — (51) (805) 1,044 — — — Investment funds — — — — — — (19) (19) Short-term investments — — — (23) (23) — — — Other investments — — — — — 496 — 496 Investments in related parties AFS securities Corporate 116 — — (2) 114 — (94) (94) ABS 887 — — (603) 284 94 — 94 Trading securities 5 — — — 5 5 — 5 Equity securities 195 — — — 195 — — — Mortgage loans — — — (3) (3) — — — Other investments — — — — — 274 — 274 Assets of consolidated VIEs Trading securities 529 — — — 529 100 (332) (232) Equity securities — — — — — 15 — 15 Mortgage loans 102 — — (6) 96 21 — 21 Investment funds 1,695 — (1) — 1,694 — (422) (422) Other investments — — — — — 105 — 105 Total Level 3 assets $ 6,004 $ — $ (55) $ (1,611) $ 4,338 $ 1,312 $ (1,086) $ 226 Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (457) $ — $ 110 $ (347) $ — $ — $ — Total Level 3 liabilities $ — $ (457) $ — $ 110 $ (347) $ — $ — $ — Predecessor Three months ended September 30, 2021 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in Transfers out Net transfers in (out) Assets AFS securities Corporate $ 147 $ — $ — $ (11) $ 136 $ 25 $ (86) $ (61) CLO — — — (22) (22) — (242) (242) ABS 443 — — (304) 139 166 (57) 109 CMBS 1 — — — 1 — (26) (26) Trading securities 6 — (3) — 3 4 (5) (1) Short-term investments 29 — — — 29 — — — Investments in related parties AFS securities Corporate 115 — — — 115 212 — 212 ABS 65 — — (20) 45 — (322) (322) Trading securities 65 — — (35) 30 — (23) (23) Equity securities — — — (3) (3) — — — Assets of consolidated VIEs – investment funds 339 — (93) — 246 — — — Total Level 3 assets $ 1,210 $ — $ (96) $ (395) $ 719 $ 407 $ (761) $ (354) Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (832) $ — $ 233 $ (599) $ — $ — $ — Total Level 3 liabilities $ — $ (832) $ — $ 233 $ (599) $ — $ — $ — Successor Nine months ended September 30, 2022 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in 1 Transfers out 1 Net transfers in (out) Assets AFS securities Corporate $ 681 $ — $ (173) $ (123) $ 385 $ 276 $ (184) $ 92 CLO 3 — — (12) (9) — — — ABS 2,579 — (1,791) (590) 198 484 (317) 167 CMBS — — — — — — (26) (26) RMBS 68 — — (1) 67 — (66) (66) Trading securities 8 — — (2) 6 42 (53) (11) Equity securities — — (3) — (3) 19 (400) (381) Mortgage loans 9,377 — (181) (2,317) 6,879 — — — Investment funds — — — — — — (19) (19) Short-term investments 59 — — (52) 7 — — — Other investments — — — — — 496 — 496 Investments in related parties AFS securities Corporate 483 — (217) (16) 250 53 (94) (41) CLO 130 — — — 130 — — — ABS 2,160 — (93) (3,024) (957) 1,916 (1,864) 52 Trading securities 41 — (1,052) (46) (1,057) 1,448 (1,260) 188 Equity securities 195 — (119) — 76 125 (113) 12 Mortgage loans 182 — — (14) 168 — — — Investment funds — — (34) — (34) — (2,031) (2,031) Short-term investments 53 — — — 53 — (53) (53) Other investments — — — — — 274 — 274 Assets of consolidated VIEs Trading securities 529 — — — 529 430 (332) 98 Equity securities — — — — — 15 — 15 Mortgage loans 102 — — (160) (58) 42 (223) (181) Investment funds 1,981 — (126) — 1,855 11,087 (11,942) (855) Other investments 31 — — — 31 2,007 (1,902) 105 Total Level 3 assets $ 18,662 $ — $ (3,789) $ (6,357) $ 8,516 $ 18,714 $ (20,879) $ (2,165) Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (1,073) $ — $ 390 $ (683) $ — $ — $ — Total Level 3 liabilities $ — $ (1,073) $ — $ 390 $ (683) $ — $ — $ — 1 Transfers in and out are primarily assets of VIEs that changed consolidation status in 2022. Predecessor Nine months ended September 30, 2021 (In millions) Purchases Issuances Sales Settlements Net purchases, issuances, sales and settlements Transfers in Transfers out Net transfers in (out) Assets AFS securities US state, municipal and political subdivisions $ — $ — $ — $ (1) $ (1) $ — $ (33) $ (33) Foreign governments 1 — — (1) — — — — Corporate 172 — (8) (56) 108 252 (122) 130 CLO — — — (37) (37) — (158) (158) ABS 1,387 — (1) (492) 894 175 (170) 5 CMBS 1 — — (1) — — (23) (23) Trading securities 55 — (5) (40) 10 5 (2) 3 Equity securities 11 — (11) — — — — — Mortgage loans — — — (1) (1) — — — Short-term investments 29 — — — 29 — (2) (2) Investments in related parties AFS securities Corporate 330 — — — 330 — (195) (195) ABS 103 — (25) (141) (63) — (61) (61) Trading securities 319 — — (64) 255 — (106) (106) Equity securities 46 — — (7) 39 — — — Assets of consolidated VIEs – investment funds 632 — (93) — 539 109 — 109 Total Level 3 assets $ 3,086 $ — $ (143) $ (841) $ 2,102 $ 541 $ (872) $ (331) Liabilities Interest sensitive contract liabilities – embedded derivative $ — $ (1,204) $ — $ 691 $ (513) $ — $ — $ — Total Level 3 liabilities $ — $ (1,204) $ — $ 691 $ (513) $ — $ — $ —
Summary of the Unobservable Inputs for the Embedded Derivative of Fixed Indexed Annuities	The following summarizes the unobservable inputs for AFS and trading securities, mortgage loans and the embedded derivatives of fixed indexed annuities: Successor September 30, 2022 (In millions, except for percentages) Fair value Valuation technique Unobservable inputs Minimum Maximum Weighted average Impact of an increase in the input on fair value AFS and trading securities $ 11,191 Discounted cash flow Discount rate 1.6 % 19.8 % 5.9 % 1 Decrease Mortgage loans $ 28,139 Discounted cash flow Discount rate 2.6 % 35.7 % 5.8 % 1 Decrease Interest sensitive contract liabilities – fixed indexed annuities embedded derivatives $ 4,998 Discounted cash flow Nonperformance risk 0.5 % 1.9 % 1.2 % 2 Decrease Option budget 0.5 % 4.5 % 1.8 % 3 Increase Surrender rate 5.0 % 11.5 % 8.1 % 4 Decrease Predecessor December 31, 2021 (In millions, except for percentages) Fair value Valuation technique Unobservable inputs Minimum Maximum Weighted average Impact of an increase in the input on fair value AFS and trading securities $ 10,167 Discounted cash flow Discount rate 1.4 % 19.4 % 5.2 % 1 Decrease Interest sensitive contract liabilities – fixed indexed annuities embedded derivatives $ 14,907 Option budget method Nonperformance risk 0.1 % 1.0 % 0.6 % 2 Decrease Option budget 0.4 % 3.4 % 1.9 % 3 Increase Surrender rate 5.9 % 10.7 % 8.0 % 4 Decrease 1 The discount rate weighted average is calculated based on the relative fair values of the securities or loans. 2 The nonperformance risk weighted average is based on the projected excess benefits of reserves used in the calculation of the embedded derivative. 3 The option budget weighted average is calculated based on the indexed account values. 4 The surrender rate weighted average is calculated based on projected account values.
Summary of Financial Instruments Not Carried at Fair Value on the Balance Sheet	The following represents our financial instruments not carried at fair value on the condensed consolidated balance sheets: Successor September 30, 2022 (In millions) Carrying Value Fair Value NAV Level 1 Level 2 Level 3 Financial assets Investment funds $ 29 $ 29 $ 29 $ — $ — $ — Policy loans 353 353 — — 353 — Funds withheld at interest 39,965 39,965 — — — 39,965 Short-term investments 26 26 — — — 26 Other investments 16 16 — — — 16 Investments in related parties Investment funds 483 483 483 — — — Funds withheld at interest 11,532 11,532 — — — 11,532 Assets of consolidated VIEs – Mortgage loans 337 337 — — — 337 Total financial assets not carried at fair value $ 52,741 $ 52,741 $ 512 $ — $ 353 $ 51,876 Financial liabilities Interest sensitive contract liabilities $ 119,109 $ 104,556 $ — $ — $ — $ 104,556 Debt 3,271 2,427 — — 2,427 — Securities to repurchase 4,477 4,477 — — 4,477 — Funds withheld liability 360 360 — — 360 — Total financial liabilities not carried at fair value $ 127,217 $ 111,820 $ — $ — $ 7,264 $ 104,556 Predecessor December 31, 2021 (In millions) Carrying Value Fair Value NAV Level 1 Level 2 Level 3 Financial assets Mortgage loans $ 20,731 $ 21,138 $ — $ — $ — $ 21,138 Investment funds 995 995 995 — — — Policy loans 312 312 — — 312 — Funds withheld at interest 43,125 43,125 — — — 43,125 Other investments 1,343 1,343 — — — 1,343 Investments in related parties Mortgage loans 1,360 1,369 — — — 1,369 Investment funds 4,433 4,433 4,433 — — — Funds withheld at interest 11,629 11,629 — — — 11,629 Other investments 222 223 — — — 223 Assets of consolidated VIEs – mortgage loans 2,040 2,152 — — — 2,152 Total financial assets not carried at fair value $ 86,190 $ 86,719 $ 5,428 $ — $ 312 $ 80,979 Financial liabilities Interest sensitive contract liabilities $ 105,293 $ 108,621 $ — $ — $ — $ 108,621 Debt 2,964 3,295 — — 3,295 — Securities to repurchase 3,110 3,110 — — 3,110 — Funds withheld liability 394 394 — — 394 — Total financial liabilities not carried at fair value $ 111,761 $ 115,420 $ — $ — $ 6,799 $ 108,621

Deferred Acquisition Costs, D_2

Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired (Tables)	9 Months Ended
	Sep. 30, 2022
Insurance [Abstract]
Deferred Acquisition Costs	The following represents a rollforward of DAC, DSI and VOBA: Successor (In millions) DAC DSI VOBA Total Balance at January 1, 2022 $ — $ — $ 4,547 $ 4,547 Additions 750 268 — 1,018 Unlocking — — 4 4 Amortization (8) — (371) (379) Impact of unrealized investment (gains) losses and other 6 — (5) 1 Balance at September 30, 2022 $ 748 $ 268 $ 4,175 $ 5,191 Predecessor (In millions) DAC DSI VOBA Total Balance at December 31, 2020 $ 3,236 $ 857 $ 813 $ 4,906 Additions 471 186 — 657 Amortization (408) (138) (122) (668) Impact of unrealized investment (gains) losses 120 35 60 215 Balance at September 30, 2021 $ 3,419 $ 940 $ 751 $ 5,110
Deferred Sales Inducements	The following represents a rollforward of DAC, DSI and VOBA: Successor (In millions) DAC DSI VOBA Total Balance at January 1, 2022 $ — $ — $ 4,547 $ 4,547 Additions 750 268 — 1,018 Unlocking — — 4 4 Amortization (8) — (371) (379) Impact of unrealized investment (gains) losses and other 6 — (5) 1 Balance at September 30, 2022 $ 748 $ 268 $ 4,175 $ 5,191 Predecessor (In millions) DAC DSI VOBA Total Balance at December 31, 2020 $ 3,236 $ 857 $ 813 $ 4,906 Additions 471 186 — 657 Amortization (408) (138) (122) (668) Impact of unrealized investment (gains) losses 120 35 60 215 Balance at September 30, 2021 $ 3,419 $ 940 $ 751 $ 5,110
Present Value of Future Insurance Profits	The following represents a rollforward of DAC, DSI and VOBA: Successor (In millions) DAC DSI VOBA Total Balance at January 1, 2022 $ — $ — $ 4,547 $ 4,547 Additions 750 268 — 1,018 Unlocking — — 4 4 Amortization (8) — (371) (379) Impact of unrealized investment (gains) losses and other 6 — (5) 1 Balance at September 30, 2022 $ 748 $ 268 $ 4,175 $ 5,191 Predecessor (In millions) DAC DSI VOBA Total Balance at December 31, 2020 $ 3,236 $ 857 $ 813 $ 4,906 Additions 471 186 — 657 Amortization (408) (138) (122) (668) Impact of unrealized investment (gains) losses 120 35 60 215 Balance at September 30, 2021 $ 3,419 $ 940 $ 751 $ 5,110 The expected amortization of VOBA for the next five years is as follows: (In millions) Expected Amortization 2022 1 $ 117 2023 442 2024 405 2025 373 2026 339 2027 303 1 Expected amortization for the remainder of 2022.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income	The following provides the details and changes in AOCI: Successor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI, VOBA and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at June 30, 2022 $ (9,996) $ (138) $ 432 $ (28) $ (57) $ (9,787) Other comprehensive income (loss) before reclassifications (5,824) (128) 218 (79) 41 (5,772) Less: Reclassification adjustments for gains (losses) realized 1 (24) — 1 1 — (22) Less: Income tax expense (benefit) (1,001) (23) 45 (12) — (991) Less: Other comprehensive income (loss) attributable to noncontrolling interests (713) (5) 5 (91) 13 (791) Balance at September 30, 2022 $ (14,082) $ (238) $ 599 $ (5) $ (29) $ (13,755) 1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Predecessor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI, VOBA and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at June 30, 2021 $ 4,423 $ (36) $ (1,082) $ 23 $ 9 $ 3,337 Other comprehensive income (loss) before reclassifications 1 (783) 41 98 179 (6) (471) Less: Reclassification adjustments for gains (losses) realized in net income 1,2 56 (2) (14) (21) — 19 Less: Income tax expense (benefit) (161) 8 23 42 — (88) Less: Other comprehensive income (loss) attributable to noncontrolling interests (96) — — 20 — (76) Balance at September 30, 2021 $ 3,841 $ (1) $ (993) $ 161 $ 3 $ 3,011 1 Previously reported amounts have been revised to correct a misstatement, which was not material, in the classification of activity between other comprehensive income (loss) before reclassifications and reclassification adjustments for gains (losses) realized. 2 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Successor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at January 1, 2022 $ — $ — $ — $ — $ — $ — Other comprehensive income (loss) before reclassifications (20,037) (319) 768 (112) (13) (19,713) Less: Reclassification adjustments for gains (losses) realized in net income 1 (178) — 4 16 — (158) Less: Income tax expense (benefit) (3,526) (57) 160 (21) — (3,444) Less: Other comprehensive income (loss) attributable to noncontrolling interests (2,251) (24) 5 (102) 16 (2,356) Balance at September 30, 2022 $ (14,082) $ (238) $ 599 $ (5) $ (29) $ (13,755) 1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Predecessor (In millions) Unrealized investment gains (losses) on AFS securities without a credit allowance Unrealized investment gains (losses) on AFS securities with a credit allowance DAC, DSI, VOBA and future policy benefits adjustments on AFS securities Unrealized gains (losses) on hedging instruments Foreign currency translation and other adjustments Accumulated other comprehensive income (loss) Balance at December 31, 2020 $ 5,352 $ (53) $ (1,310) $ (26) $ 8 $ 3,971 Other comprehensive income (loss) before reclassifications 1 (1,913) 58 368 267 (5) (1,225) Less: Reclassification adjustments for gains (losses) realized 1,2 134 (5) (33) 6 — 102 Less: Income tax expense (benefit) (393) 12 84 58 — (239) Less: Other comprehensive income (loss) attributable to noncontrolling interests (143) (1) — 16 — (128) Balance at September 30, 2021 $ 3,841 $ (1) $ (993) $ 161 $ 3 $ 3,011 1 Previously reported amounts have been revised to correct a misstatement, which was not material, in the classification of activity between other comprehensive income (loss) before reclassifications and reclassification adjustments for gains (losses) realized. 2 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).

Related Parties (Tables)

Related Parties (Tables)	9 Months Ended
	Sep. 30, 2022
Related Party Transaction [Line Items]
Schedule of Related Party Transactions	Under our fee agreement with Apollo, we pay Apollo a base management fee of (1) 0.225% per year on a monthly basis equal to the lesser of (A) $103.4 billion, which represents the aggregate fair market value of substantially all of the assets in substantially all of the accounts of or relating to us (collectively, the Accounts) as of December 31, 2018 (Backbook Value), and (B) the aggregate book value of substantially all of the assets in the Accounts at the end of the respective month, plus (2) 0.15% per year of the amount, if any, by which the aggregate book value of substantially all of the assets in the Accounts at the end of the respective month exceeds the Backbook Value, subject to certain adjustments. Additionally, we pay a sub-allocation fee based on specified asset class tiers ranging from 0.065% to 0.70% of the book value of such assets, with the higher percentages in this range for asset classes that are designed to have more alpha generating abilities. The following summarizes the predecessor investments in MidCap Financial: Predecessor (In millions) December 31, 2021 Profit participating notes $ 635 Senior unsecured notes 158 Redeemable preferred stock 7 Total investment in MidCap Financial $ 800 The following table summarizes our investments in Athora: Successor Predecessor (In millions) September 30, 2022 December 31, 2021 Investment fund $ 789 $ 743 Non-redeemable preferred equity securities 334 171 Total investment in Athora $ 1,123 $ 914 Successor Predecessor (In millions) September 30, 2022 December 31, 2021 AFS or trading securities $ 1,104 $ 1,401

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Restricted Pledged Assets and Funds in Trust	The total restricted assets included on the condensed consolidated balance sheets are as follows: Successor Predecessor (In millions) September 30, 2022 December 31, 2021 AFS securities $ 11,532 $ 9,111 Trading securities 57 75 Equity securities 48 30 Mortgage loans 7,625 5,033 Investment funds 103 174 Derivative assets 84 96 Short-term investments 8 — Other investments 170 130 Restricted cash 1,024 796 Total restricted assets $ 20,651 $ 15,445

Business Combinations and Ass_3

Business Combinations and Asset Acquisitions (Details) $ / shares in Units, $ in Millions		9 Months Ended
	Jan. 01, 2022 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) shares	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) shares	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Accrued investment income (related party: 2022 – $77 and 2021 – $54)		$ 1,226		$ 962
Business Combination, Consideration Transferred, Liabilities Incurred	$ 4,547	4,175			$ 751		$ 813
Cash and cash equivalents		9,823		9,479
Goodwill		4,058		0
Restricted cash		1,024		796
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)		4,356		4,594
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142)		166,894		156,325
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262)		54,709		42,488
Derivative liabilities		2,222		472
Payables for collateral on derivatives and securities to repurchase		7,015		7,044
Cumulative-effect adjustment that decreased retained earnings	22,546	(1,866)	$ 3,389	22,181	$ 22,372	$ 21,671	$ 20,140
Athene Freedom Holdings LP | Stockholders' Equity, Total
Business Acquisition [Line Items]
Investments		$ 1,422		$ 3,119
Common Class A
Business Acquisition [Line Items]
Common stock outstanding (in shares) | shares		203,800,000		192,200,000
Apollo Global Management , Inc.
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	13,050
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value	4,554
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination	17,604
Investments	176,015
Business Combination, Consideration Transferred, Liabilities Incurred	4,547
Cash and cash equivalents	9,479
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	5,729
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	239,041
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	18,488
Goodwill	4,058
Restricted cash	796
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	4,977
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142)	160,205
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262)	47,105
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	3,295
Payables for collateral on derivatives and securities to repurchase	7,044
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	2,443
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities	220,553
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	2,276
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest	13,546
Business Acquisition, Transaction Costs				$ 70
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 6,603
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares	158,200,000
Share Price | $ / shares	$ 72.43
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 699
Business Combination, Consideration Transferred, Other	896
Business Combination, Consideration Transferred prior to Adjustments	$ 11,455
Business Combination, Share Exchange Ratio	1.149
Goodwill, Purchase Accounting Adjustments		$ 40
Business Acquisition, Share Conversion Rate | shares	1.149
Goodwill, Period Increase (Decrease)		(123)
Goodwill, Other Increase (Decrease)		83
Apollo Global Management , Inc. | Apollo
Business Acquisition [Line Items]
Common Stock, Shares, Outstanding and Previously Held | shares	54,600,000
Apollo Global Management , Inc. | Trade Names
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 160
Finite-Lived Intangible Asset, Useful Life	20 years
Apollo Global Management , Inc. | Distribution Rights
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 1,870
Finite-Lived Intangible Asset, Useful Life	18 years
Apollo Global Management , Inc. | Insurance Contracts Acquired in Business Combination
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 4,547
Finite-Lived Intangible Asset, Useful Life	7 years
Apollo Global Management , Inc. | Licensing Agreements
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 26
Apollo Global Management , Inc. | Preferred stock
Business Acquisition [Line Items]
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	$ 2,666
Apollo Global Management , Inc. | Common Class A
Business Acquisition [Line Items]
Common stock outstanding (in shares) | shares	137,600,000
Related Party
Business Acquisition [Line Items]
Accrued investment income (related party: 2022 – $77 and 2021 – $54)		77		54
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142)		12,284		12,948
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262)		2,107		1,853
Related Party | Apollo Global Management , Inc.
Business Acquisition [Line Items]
Investments	$ 33,863
Variable Interest Entities
Business Acquisition [Line Items]
Cash and cash equivalents		$ 418		$ 154
Variable Interest Entities | Apollo Global Management , Inc.
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	3,635
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	$ 461

Investments - Schedule of AFS S

Investments - Schedule of AFS Securities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Jan. 01, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	$ 124,794			$ 106,859
AFS securities allowance for credit losses	(436)	$ (629)	$ (311)	(123)	$ (116)	$ (109)	$ (104)
Gross Unrealized Gains	74			4,893
Gross Unrealized Losses	(21,634)			(1,068)
Available-for-sale securities	102,798			110,561
Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	114,846			96,458
AFS securities allowance for credit losses	(435)	(609)	(311)	(123)	(112)	(107)	(103)
Gross Unrealized Gains	70			4,808
Gross Unrealized Losses	(20,888)			(984)
Available-for-sale securities	93,593			100,159
Related Party
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	9,948			10,401
AFS securities allowance for credit losses	(1)	(20)	0	0
Gross Unrealized Gains	4			85
Gross Unrealized Losses	(746)			(84)
Available-for-sale securities	9,205			10,402
U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	3,229			231
AFS securities allowance for credit losses	0			0
Gross Unrealized Gains	0			2
Gross Unrealized Losses	(731)			(10)
Available-for-sale securities	2,498			223
U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	1,217			1,081
AFS securities allowance for credit losses	0			0
Gross Unrealized Gains	0			134
Gross Unrealized Losses	(297)			(2)
Available-for-sale securities	920			1,213
Foreign governments | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	1,208			1,110
AFS securities allowance for credit losses	(27)	(61)	0	0
Gross Unrealized Gains	2			35
Gross Unrealized Losses	(322)			(17)
Available-for-sale securities	861			1,128
Corporate | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	72,556			62,817
AFS securities allowance for credit losses	(66)	(70)	0	0	(4)	(5)	(6)
Gross Unrealized Gains	50			4,060
Gross Unrealized Losses	(15,632)			(651)
Available-for-sale securities	56,908			66,226
Corporate | Related Party
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	1,076			842
AFS securities allowance for credit losses	0			0
Gross Unrealized Gains	3			19
Gross Unrealized Losses	(57)			(2)
Available-for-sale securities	1,022			859
CLO | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	16,235			13,793
AFS securities allowance for credit losses	(5)	(107)	0	0	(4)	(3)	(1)
Gross Unrealized Gains	3			44
Gross Unrealized Losses	(2,087)			(185)
Available-for-sale securities	14,146			13,652
CLO | Related Party
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	3,047			2,573
AFS securities allowance for credit losses	(1)	(19)	0	0	(4)	(2)	(1)
Gross Unrealized Gains	0			5
Gross Unrealized Losses	(415)			(29)
Available-for-sale securities	2,631			2,549
ABS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	10,691			8,890
AFS securities allowance for credit losses	(13)	(14)	(5)	(17)	(16)	(10)	(6)
Gross Unrealized Gains	8			151
Gross Unrealized Losses	(814)			(35)
Available-for-sale securities	9,872			8,989
ABS | Related Party
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	5,825			6,986
AFS securities allowance for credit losses	0	(1)	0	0
Gross Unrealized Gains	1			61
Gross Unrealized Losses	(274)			(53)
Available-for-sale securities	5,552			6,994
CMBS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	3,462			2,764
AFS securities allowance for credit losses	(3)	(9)	0	(3)	(1)	(6)	(10)
Gross Unrealized Gains	0			56
Gross Unrealized Losses	(396)			(59)
Available-for-sale securities	3,063			2,758
RMBS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities	6,248			5,772
AFS securities allowance for credit losses	(321)	$ (348)	$ (306)	(103)	$ (87)	$ (83)	$ (80)
Gross Unrealized Gains	7			326
Gross Unrealized Losses	(609)			(25)
Available-for-sale securities	$ 5,325			$ 5,970

Investments - Maturities of AFS

Investments - Maturities of AFS Securities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost
Amortized Cost	$ 124,794	$ 106,859
Fair Value
Total AFS fixed maturity securities	102,798	110,561
Consolidated Entity, excluding Affiliated Entity
Amortized Cost
Due in one year or less	1,053
Due after one year through five years	10,912
Due after five years through ten years	20,900
Due after ten years	45,345
CLO, ABS, CMBS and RMBS	36,636
Amortized Cost	114,846	96,458
Fair Value
Due in one year or less	1,031
Due after one year through five years	9,837
Due after five years through ten years	17,101
Due after ten years	33,218
CLO, ABS, CMBS and RMBS	32,406
Total AFS fixed maturity securities	93,593	100,159
Related Party
Amortized Cost
Due in one year or less	1
Due after one year through five years	23
Due after five years through ten years	898
Due after ten years	154
CLO, ABS, CMBS and RMBS	8,872
Amortized Cost	9,948	10,401
Fair Value
Due in one year or less	1
Due after one year through five years	21
Due after five years through ten years	870
Due after ten years	130
CLO, ABS, CMBS and RMBS	8,183
Total AFS fixed maturity securities	$ 9,205	$ 10,402

Investments - Unrealized Losses

Investments - Unrealized Losses on AFS Securities (Details) $ in Millions	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	$ 96,091	$ 38,067
Fair Value, 12 months or greater	0	3,216
Total	96,091	41,283
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(21,283)	(802)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	139
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(21,283)	(941)
Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	88,083	32,708
Fair Value, 12 months or greater	0	3,040
Total	88,083	35,748
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(20,566)	(728)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	135
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ (20,566)	(863)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security	9,160
Related Party
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	$ 8,008	5,359
Fair Value, 12 months or greater	0	176
Total	8,008	5,535
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(717)	(74)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	4
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ (717)	(78)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security	173
U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	$ 2,482	164
Fair Value, 12 months or greater	0	22
Total	2,482	186
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(731)	(8)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	2
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(731)	(10)
U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	916	122
Fair Value, 12 months or greater	0	1
Total	916	123
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(297)	(2)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(297)	(2)
Foreign governments | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	843	387
Fair Value, 12 months or greater	0	1
Total	843	388
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(322)	(17)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(322)	(17)
Corporate | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	56,317	18,995
Fair Value, 12 months or greater	0	863
Total	56,317	19,858
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(15,631)	(523)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	59
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(15,631)	(582)
Corporate | Related Party
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	409	313
Fair Value, 12 months or greater	0	0
Total	409	313
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(56)	(2)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(56)	(2)
CLO | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	13,636	7,685
Fair Value, 12 months or greater	0	1,537
Total	13,636	9,222
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(2,043)	(124)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	35
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(2,043)	(159)
CLO | Related Party
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	2,581	1,245
Fair Value, 12 months or greater	0	163
Total	2,581	1,408
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(412)	(20)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	3
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(412)	(23)
ABS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	7,436	4,038
Fair Value, 12 months or greater	0	165
Total	7,436	4,203
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(730)	(16)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	12
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(730)	(28)
ABS | Related Party
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	5,018	3,801
Fair Value, 12 months or greater	0	13
Total	5,018	3,814
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(249)	(52)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	1
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(249)	(53)
CMBS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	2,880	880
Fair Value, 12 months or greater	0	177
Total	2,880	1,057
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(384)	(29)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	22
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(384)	(51)
RMBS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 months	3,573	437
Fair Value, 12 months or greater	0	274
Total	3,573	711
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(428)	(9)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	5
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ (428)	$ (14)

Investments - Allowance for Cre

Investments - Allowance for Credit Losses Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	$ 629	$ 109	$ 123	$ 104
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	15	8	237	23
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	2	0	3	6
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	(35)	(4)	(52)	(13)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(169)	3	(57)	(4)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	(6)	0	(6)	0
Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	609	107	123	103
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	15	5	216	18
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	2	0	3	6
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	(35)	(4)	(52)	(12)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(150)	4	(37)	(3)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	(6)	0	(6)	0
Related Party
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	20		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	0		21
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	0		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(19)		(20)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	0		0
U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance			0
U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance			0
Foreign governments | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	61		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	0		66
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	(28)		(28)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(6)		(11)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	0		0
Corporate | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	70	5	0	6
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	5	0	66	3
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	0	0	0	(2)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(3)	(1)	6	(3)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	(6)	0	(6)	0
Corporate | Related Party
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance			0
CLO | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	107	3	0	1
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	2	4	24	7
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(104)	(3)	(19)	(4)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	0	0	0	0
CLO | Related Party
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	19	2	0	1
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	0	3	3	5
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	0	0	0	(1)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(18)	(1)	(2)	(1)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	0	0	0	0
ABS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	14	10	17	6
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	7	0	16	5
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(8)	6	(8)	5
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	0	0	0	0
ABS | Related Party
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	1		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	0		18
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	0		0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(1)		(18)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	0		0
CMBS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	9	6	3	10
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	0	0	14	2
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	0	0	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(6)	(5)	(11)	(11)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	0	0	0	0
RMBS | Consolidated Entity, excluding Affiliated Entity
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	348	83	103	80
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	1	1	30	1
Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	2	0	3	6
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	(7)	(4)	(24)	(10)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)	(23)	7	6	10
Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery	$ 0	$ 0	$ 0	$ 0

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Net Investment Income [Line Items]
Investment revenue	$ 2,045	$ 1,625	$ 5,834	$ 5,601
Investment funds	13,186		13,186		$ 9,866
Investment expenses	(202)	(153)	(582)	(443)
Net investment income	1,843	1,472	5,252	5,158
Trading securities
Net Investment Income [Line Items]
Investment revenue	41	60	153	183
Equity securities
Net Investment Income [Line Items]
Investment revenue	17	8	41	15
Mortgage loans
Net Investment Income [Line Items]
Investment revenue	336	202	870	569
Investment funds
Net Investment Income [Line Items]
Investment expenses	(35)	183	373	1,326
Funds withheld at interest
Net Investment Income [Line Items]
Investment revenue	534	188	1,347	566
Other
Net Investment Income [Line Items]
Investment revenue	75	47	165	206
Available-for-sale Securities
Net Investment Income [Line Items]
Investment revenue	$ 1,077	$ 937	$ 2,885	$ 2,736

Investments - Investment Relate

Investments - Investment Related Gains (Losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AFS fixed maturity securities
Gross realized gains on investment activity	$ 84	$ 118	$ 404	$ 399
Gross realized losses on investment activity	(761)	(93)	(2,003)	(407)
Net realized investment gains (losses) on AFS securities	(677)	25	(1,599)	(8)
Debt Securities, Trading, Gain (Loss)	(121)	(23)	(489)	(31)
Net recognized investment gains (losses) on equity securities	(9)	57	(257)	82
Derivative gains (losses)	(1,821)	254	(8,794)	2,300
Provision for Loan, Lease, and Other Losses	171	12	(193)	72
Other gains	807	60	1,614	140
Gain (Loss) on Investments	(2,849)	385	(12,812)	2,555
Proceeds from Sale of Debt Securities, Available-for-sale	635	2,177	9,405	5,762
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Investments	(2,849)	385	(12,812)	2,555
Debt Securities, Available-for-sale, Realized Gain (Loss)	(677)	25	(1,599)	(8)
Gross realized gains on investment activity	84	118	404	399
Debt Securities, Available-for-sale, Realized Loss	761	93	2,003	407
Debt Securities, Trading, Gain (Loss)	(121)	(23)	(489)	(31)
Net recognized investment gains (losses) on equity securities	(9)	57	(257)	82
Derivative gains (losses)	(1,821)	254	(8,794)	2,300
Provision for Loan, Lease, and Other Losses	(171)	(12)	193	(72)
Other gains	807	60	1,614	140
Mortgage loans
AFS fixed maturity securities
Gain (Loss) on Investments	(1,199)	0	(3,094)	0
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Investments	$ (1,199)	$ 0	$ (3,094)	$ 0

Investments - Unrealized gains

Investments - Unrealized gains (losses) recognized in income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Entity, excluding Affiliated Entity
Gain (Loss) on Securities [Line Items]
Debt Securities, Trading, Unrealized Gain (Loss)	$ (119)	$ (15)	$ (455)	$ (70)
Equity Securities, FV-NI, Unrealized Gain (Loss)	2	46	(237)	73
Related Party
Gain (Loss) on Securities [Line Items]
Debt Securities, Trading, Unrealized Gain (Loss)	3	20	(3)	74
Equity Securities, FV-NI, Unrealized Gain (Loss)	$ (18)	$ 3	$ (31)	$ 4

Investments - Mortgage Loans, N

Investments - Mortgage Loans, Net (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances		$ 24,148
Mortgage loans
Loans and Leases Receivable Disclosure [Line Items]
Mark to fair value	$ (2,612)	2
Commercial mortgage loans
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, before allowance for credit losses		17,064
Mortgage loan valuation allowance		(167)
Mortgage loans, net of allowances	18,907	16,897
Mark to fair value	(1,849)
Investment Owned, Balance, Principal Amount	20,756
Commercial mortgage loans | Commercial mortgage loans
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, before allowance for credit losses		16,565
Investment Owned, Balance, Principal Amount	19,976
Commercial mortgage loans | Commercial mortgage loans under development
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, before allowance for credit losses		499
Investment Owned, Balance, Principal Amount	780
Residential mortgage loans
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, before allowance for credit losses	10,332	7,321
Mortgage loan valuation allowance		(70)
Mortgage loans, net of allowances	9,569	$ 7,251
Mark to fair value	$ (763)

Investments - Mortgage Loans,_2

Investments - Mortgage Loans, Net by Property Type and Geographic Region (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances				$ 24,148
Commercial mortgage loans
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			$ 18,907	16,897
Commercial mortgage loans | Property Type Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	100%	100%
Commercial mortgage loans | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	100%	100%
Commercial mortgage loans | Total U.S. Region
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			16,007	14,796
Commercial mortgage loans | Total U.S. Region | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	84.70%	87.50%
Commercial mortgage loans | East North Central
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,560	1,697
Commercial mortgage loans | East North Central | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	8.30%	10%
Commercial mortgage loans | East South Central
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			408	470
Commercial mortgage loans | East South Central | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	2.20%	2.80%
Commercial mortgage loans | Middle Atlantic
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			4,141	3,637
Commercial mortgage loans | Middle Atlantic | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	21.90%	21.50%
Commercial mortgage loans | Mountain
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			884	460
Commercial mortgage loans | Mountain | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	4.70%	2.70%
Commercial mortgage loans | New England
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,063	453
Commercial mortgage loans | New England | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	5.60%	2.70%
Commercial mortgage loans | Pacific
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			3,875	3,994
Commercial mortgage loans | Pacific | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	20.50%	23.60%
Commercial mortgage loans | South Atlantic
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			2,743	2,817
Commercial mortgage loans | South Atlantic | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	14.50%	16.70%
Commercial mortgage loans | West North Central
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			253	271
Commercial mortgage loans | West North Central | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	1.30%	1.60%
Commercial mortgage loans | West South Central
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,080	997
Commercial mortgage loans | West South Central | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	5.70%	5.90%
Commercial mortgage loans | UNITED KINGDOM
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,802	1,279
Commercial mortgage loans | UNITED KINGDOM | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	9.50%	7.60%
Commercial mortgage loans | Other
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,098	822
Commercial mortgage loans | Other | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	5.80%	4.90%
Commercial mortgage loans | International
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			2,900	2,101
Commercial mortgage loans | International | Geographic Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	15.30%	12.50%
Commercial mortgage loans | Hotels
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,818	1,727
Commercial mortgage loans | Hotels | Property Type Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	9.60%	10.20%
Commercial mortgage loans | Retail
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,411	2,022
Commercial mortgage loans | Retail | Property Type Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	7.50%	12%
Commercial mortgage loans | Office building
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			4,730	4,870
Commercial mortgage loans | Office building | Property Type Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	25%	28.80%
Commercial mortgage loans | Industrial
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			1,726	2,336
Commercial mortgage loans | Industrial | Property Type Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	9.10%	13.80%
Commercial mortgage loans | Apartment
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			5,935	4,626
Commercial mortgage loans | Apartment | Property Type Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	31.40%	27.40%
Commercial mortgage loans | Other commercial
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans, net of allowances			$ 3,287	$ 1,316
Commercial mortgage loans | Other commercial | Property Type Concentration Risk | Mortgage Loans, Net
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	17.40%	7.80%

Investments - Mortgage Loans, R

Investments - Mortgage Loans, Residential by State (Details) - Geographic Concentration Risk - Residential mortgage loans - Mortgage Loans, Net	Dec. 31, 2021	Mar. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	100%	100%
California
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	28.40%	30.80%
Florida
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	11.40%	9.90%
NEW YORK
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	4.80%	5.60%
Other U.S. States
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	38.50%	35.30%
Total U.S. Region
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	88.20%	87.20%
IRELAND
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	6.40%	3.40%
UNITED KINGDOM
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	3.80%	4.60%
Other
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	1.60%	4.80%
International
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	11.80%	12.80%
NEW JERSEY
Loans and Leases Receivable Disclosure [Line Items]
Percentage concentration risk	5.10%	5.60%

Investments - Investment Funds

Investments - Investment Funds (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 13,186	$ 9,866
Consolidated Entity, excluding Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 29	$ 1,178
Carrying Amount, Assets, Percent of Total	100%	100%
Variable Interest Entities
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 11,885	$ 1,297
Carrying Amount, Assets, Percent of Total	100%	100%
Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 1,272	$ 7,391
Carrying Amount, Assets, Percent of Total	100%	100%
Other fund | Consolidated Entity, excluding Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 0	$ 2
Carrying Amount, Assets, Percent of Total	0%	0.20%
Other fund | Variable Interest Entities
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 80	$ 0
Carrying Amount, Assets, Percent of Total	0.70%	0%
Other fund | Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 17	$ 2,157
Carrying Amount, Assets, Percent of Total	1.30%	29.20%
Hybrid Funds | Consolidated Entity, excluding Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 20	$ 667
Carrying Amount, Assets, Percent of Total	69%	56.60%
Hybrid Funds | Variable Interest Entities
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 3,183	$ 56
Carrying Amount, Assets, Percent of Total	26.80%	4.30%
Hybrid Funds | Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 0	$ 952
Carrying Amount, Assets, Percent of Total	0%	12.90%
Yield Fund | Consolidated Entity, excluding Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 4	$ 99
Carrying Amount, Assets, Percent of Total	13.80%	8.40%
Yield Fund | Variable Interest Entities
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 985	$ 748
Carrying Amount, Assets, Percent of Total	8.30%	57.70%
Yield Fund | Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 4	$ 305
Carrying Amount, Assets, Percent of Total	0.30%	4.10%
Strategic Origination Platforms | Variable Interest Entities
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 4,524	$ 264
Carrying Amount, Assets, Percent of Total	38.10%	20.30%
Strategic Origination Platforms | Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 68	$ 1,338
Carrying Amount, Assets, Percent of Total	5.30%	18.10%
Strategic Insurance Platforms | Variable Interest Entities
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 545	$ 0
Carrying Amount, Assets, Percent of Total	4.60%	0%
Strategic Insurance Platforms | Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 1,048	$ 1,440
Carrying Amount, Assets, Percent of Total	82.40%	19.50%
Equity Funds | Consolidated Entity, excluding Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 5	$ 410
Carrying Amount, Assets, Percent of Total	17.20%	34.80%
Equity Funds | Variable Interest Entities
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 2,568	$ 229
Carrying Amount, Assets, Percent of Total	21.50%	17.70%
Equity Funds | Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 135	$ 1,199
Carrying Amount, Assets, Percent of Total	10.70%	16.20%
Athora Holding Ltd. | Differentiated investments | Related Party
Schedule of Equity Method Investments [Line Items]
Investment funds	$ 789	$ 743

Investments - Summary of Maximu

Investments - Summary of Maximum Loss Exposure (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Assets	$ 236,700	$ 235,149
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	68,846	58,948
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Assets	55,415	53,243
Variable Interest Entity, Not Primary Beneficiary [Member] | Investment funds
Variable Interest Entity [Line Items]
Assets	11,885	1,297
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	19,330	1,647
Variable Interest Entity, Not Primary Beneficiary, Consolidated Entity Exclude Affiliated | Investment funds
Variable Interest Entity [Line Items]
Assets	29	1,178
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	323	1,792
Variable Interest Entity, Not Primary Beneficiary, Consolidated Entity Exclude Affiliated | Debt Securities [Member]
Variable Interest Entity [Line Items]
Assets	32,801	31,769
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	37,775	31,622
Variable Interest Entity, Not Primary Beneficiary, Affiliated Entity | Investment funds
Variable Interest Entity [Line Items]
Assets	1,272	7,391
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	1,272	10,922
Variable Interest Entity, Not Primary Beneficiary, Affiliated Entity | Debt Securities [Member]
Variable Interest Entity [Line Items]
Assets	9,088	11,324
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	9,806	12,681
Variable Interest Entity, Not Primary Beneficiary, Affiliated Entity | Equity securities
Variable Interest Entity [Line Items]
Assets	340	284
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 340	$ 284

Investments - Repurchase Agreem

Investments - Repurchase Agreements (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Repurchase Agreements [Line Items]
Payables for repurchase agreements	$ 4,477	$ 3,110
Amortized Cost	5,694	2,923
Fair Value	4,606	3,208
Securities Purchased under Agreements to Resell, Fair Value of Collateral	616
Securities Purchased under Agreements to Resell	26
Maturity Overnight and on Demand
Schedule of Repurchase Agreements [Line Items]
Payables for repurchase agreements	0	0
Maturity Less than 30 Days
Schedule of Repurchase Agreements [Line Items]
Payables for repurchase agreements	150	2,512
Maturity 30 to 90 Days
Schedule of Repurchase Agreements [Line Items]
Payables for repurchase agreements	1,260	0
Maturity Greater than 90 Days
Schedule of Repurchase Agreements [Line Items]
Payables for repurchase agreements	201	0
Maturity Greater than 1 Year [Member]
Schedule of Repurchase Agreements [Line Items]
Payables for repurchase agreements	2,866	598
Available-for-sale Securities | Corporate
Schedule of Repurchase Agreements [Line Items]
Amortized Cost	1,965	2,923
Fair Value	1,580	3,208
Available-for-sale Securities | U.S. government and agencies
Schedule of Repurchase Agreements [Line Items]
Amortized Cost	2,093	0
Fair Value	1,592	0
Available-for-sale Securities | Collateralized Loan Obligations
Schedule of Repurchase Agreements [Line Items]
Amortized Cost	282	0
Fair Value	264	0
Available-for-sale Securities | Foreign governments
Schedule of Repurchase Agreements [Line Items]
Amortized Cost	147	0
Fair Value	104	0
Available-for-sale Securities | ABS
Schedule of Repurchase Agreements [Line Items]
Amortized Cost	1,207	0
Fair Value	$ 1,066	$ 0

Investments - Concentration of

Investments - Concentration of Equity (Details) - Stockholders' Equity, Total - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Athene Freedom Holdings LP
Concentration Risk [Line Items]
Investments	$ 1,422	$ 3,119
AP Tundra Holdings LLC
Concentration Risk [Line Items]
Investments	894
MidCap
Concentration Risk [Line Items]
Investments	680
PK AirFinance [Member]
Concentration Risk [Line Items]
Investments	933
SoftBank Vision Fund II
Concentration Risk [Line Items]
Investments	666
Athora Holding Ltd.
Concentration Risk [Line Items]
Investments	1,123
Cayman Universe
Concentration Risk [Line Items]
Investments	762
AOP Finance
Concentration Risk [Line Items]
Investments	754
AA Infrastructure
Concentration Risk [Line Items]
Investments	621
Bank of America
Concentration Risk [Line Items]
Investments	593
Morgan Stanley
Concentration Risk [Line Items]
Investments	512
AA Warehouse
Concentration Risk [Line Items]
Investments	299
Apollo Rose II (B), L.P.
Concentration Risk [Line Items]
Investments	545
AT&T
Concentration Risk [Line Items]
Investments	413
JP Morgan Chase
Concentration Risk [Line Items]
Investments	452
FWD Group
Concentration Risk [Line Items]
Investments	400
HWIRE
Concentration Risk [Line Items]
Investments	294
Mileage Plus
Concentration Risk [Line Items]
Investments	371
Comcast
Concentration Risk [Line Items]
Investments	372
Venerable
Concentration Risk [Line Items]
Investments	506
AP Hansel
Concentration Risk [Line Items]
Investments	500
Citigroup
Concentration Risk [Line Items]
Investments	494
AP Maia
Concentration Risk [Line Items]
Investments	487
Verizon
Concentration Risk [Line Items]
Investments	347
Goldman Sachs
Concentration Risk [Line Items]
Investments	310
Enterprise Products
Concentration Risk [Line Items]
Investments	280
Wheels Fleet Lease
Concentration Risk [Line Items]
Investments	279
Shell
Concentration Risk [Line Items]
Investments	279
Energy Trans
Concentration Risk [Line Items]
Investments	266
Wells Fargo
Concentration Risk [Line Items]
Investments	$ 249

Derivative Instruments - Summar

Derivative Instruments - Summary of Notional and Fair Value of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative [Line Items]
Derivative assets, fair value	$ 4,065		$ 4,065		$ 4,387
Derivative liabilities, fair value	2,222		2,222		472
Total derivative assets	(2,765)		(2,765)		(5,747)
Total derivative liabilities	7,138		7,138		15,424
Derivatives designated as hedges
Derivative [Line Items]
Derivative assets, fair value	1,824		1,824		470
Derivative liabilities, fair value	$ 1,460		$ 1,460		$ 236
Derivatives designated as hedges | Foreign currency swaps
Derivative [Line Items]
Notional Amount	6,517		6,517		6,371
Derivative assets, fair value	$ 1,122		$ 1,122		$ 281
Derivative liabilities, fair value	$ 241		$ 241		$ 56
Derivatives designated as hedges | Interest rate swaps
Derivative [Line Items]
Notional Amount	9,505		9,505		500
Derivative assets, fair value	$ 1		$ 1		$ 0
Derivative liabilities, fair value	$ 159		$ 159		$ 1
Derivatives designated as hedges | Foreign currency forwards
Derivative [Line Items]
Notional Amount	5,627		5,627		6,395
Derivative assets, fair value	$ 697		$ 697		$ 189
Derivative liabilities, fair value	$ 5		$ 5		$ 2
Derivatives designated as hedges | Cross Currency Interest Rate Contract
Derivative [Line Items]
Notional Amount	4,468		4,468		2,783
Derivative assets, fair value	$ 0		$ 0		$ 0
Derivative liabilities, fair value	1,055		1,055		173
Derivatives not designated as hedges
Derivative [Line Items]
Total derivative assets	4,589		4,589		(5,277)
Total derivative liabilities	$ 5,678		$ 5,678		$ 15,188
Derivatives not designated as hedges | Foreign currency swaps
Derivative [Line Items]
Notional Amount	3,428		3,428		2,592
Derivative assets, fair value	$ 354		$ 354		$ 57
Derivative liabilities, fair value	$ 188		$ 188		$ 19
Derivatives not designated as hedges | Interest rate swaps
Derivative [Line Items]
Notional Amount	465		465		483
Derivative assets, fair value	$ 88		$ 88		$ 78
Derivative liabilities, fair value	$ 0		$ 0		$ 1
Derivatives not designated as hedges | Equity options
Derivative [Line Items]
Notional Amount	61,670		61,670		57,890
Derivative assets, fair value	$ 905		$ 905		$ 3,629
Derivative liabilities, fair value	$ 122		$ 122		$ 115
Derivatives not designated as hedges | Futures
Derivative [Line Items]
Notional Amount	21		21		33
Derivative assets, fair value	$ 30		$ 30		$ 67
Derivative liabilities, fair value	$ 2		$ 2		$ 0
Derivatives not designated as hedges | Total return swaps
Derivative [Line Items]
Notional Amount	99		99		231
Derivative assets, fair value	$ 0		$ 0		$ 10
Derivative liabilities, fair value	$ 10		$ 10		$ 0
Derivatives not designated as hedges | Credit default swaps
Derivative [Line Items]
Notional Amount	10		10		10
Derivative assets, fair value	$ 0		$ 0		$ 0
Derivative liabilities, fair value	$ 1		$ 1		$ 3
Derivatives not designated as hedges | Foreign currency forwards
Derivative [Line Items]
Notional Amount	14,013		14,013		7,382
Derivative assets, fair value	$ 864		$ 864		$ 76
Derivative liabilities, fair value	439		439		98
Derivatives not designated as hedges | Embedded derivatives | Funds withheld
Derivative [Line Items]
Embedded derivative assets, fair value	6,830		6,830		1,360
Embedded derivative liabilities, fair value	(82)		(82)		45
Derivatives not designated as hedges | Embedded derivatives | Interest sensitive contract liabilities
Derivative [Line Items]
Embedded derivative assets, fair value	0		0		0
Embedded derivative liabilities, fair value	$ 4,998		$ 4,998		$ 14,907
Net Investment Hedging [Member] | Derivatives designated as hedges | Foreign currency forwards
Derivative [Line Items]
Notional Amount	193		193		231
Derivative assets, fair value	$ 4		$ 4		$ 0
Derivative liabilities, fair value	0		0		$ 4
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency swaps
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net, Recorded in Other Comprehensive Income	51	$ 0	60	$ 0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency swaps | Investment related gains (losses)
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0		0
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	256		589
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(283)		(630)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(27)		(41)
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Interest rate swaps | Investment related gains (losses)
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0		0
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(268)		(345)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	264		357
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(4)		12
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency forwards
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net, Recorded in Other Comprehensive Income	(20)	86	(77)	90
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency forwards | Investment related gains (losses)
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	(37)	1	(37)
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	288	133	616	338
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(290)	(149)	(648)	(337)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(2)	(16)	(32)	1
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	18	0	48	0
Fair Value Hedging [Member] | Derivatives designated as hedges | Cross Currency Interest Rate Contract | Investment related gains (losses)
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(379)	(51)	(873)	(82)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	384	50	879	82
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	5	(1)	6	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0	0	0	0
Fair Value Hedging [Member] | Derivatives designated as hedges | Cross Currency Interest Rate Contract | Interest sensitive contract benefits
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	12	7	37	13
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(14)	(6)	(37)	(11)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(2)	1	0	2
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	$ 0	$ 0	$ 0	$ 0

Derivative Instruments - Gains

Derivative Instruments - Gains (Losses) on Derivatives Not Designated as Hedging (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	$ (936)	$ 325	$ (5,586)	$ 1,322
Investment related gains (losses)
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	(1,736)	193	(8,830)	2,038
Investment related gains (losses) | Equity options
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	(449)	(45)	(2,728)	1,501
Investment related gains (losses) | Futures
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	(34)	(2)	(153)	53
Investment related gains (losses) | Swaps
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	132	(40)	121	(4)
Investment related gains (losses) | Foreign currency forwards
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	454	75	971	25
Investment related gains (losses) | Embedded derivatives
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	(1,839)	205	(7,041)	463
Interest sensitive contract benefits | Embedded derivatives
Derivative [Line Items]
Total gains (losses) for derivatives not designated as hedges	800	132	3,244	(716)
Fair Value Hedging [Member] | Derivatives designated as hedges | Investment related gains (losses) | Foreign currency swaps
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	256		589
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(283)		(630)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(27)		(41)
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0		0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Investment related gains (losses) | Interest rate swaps
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(268)		(345)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	264		357
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(4)		12
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0		0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Investment related gains (losses) | Foreign currency forwards
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	288	133	616	338
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(290)	(149)	(648)	(337)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(2)	(16)	(32)	1
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	18	0	48	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	(37)	1	(37)
Fair Value Hedging [Member] | Derivatives designated as hedges | Investment related gains (losses) | Cross Currency Interest Rate Contract
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(379)	(51)	(873)	(82)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	384	50	879	82
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	5	(1)	6	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair Value Hedging [Member] | Derivatives designated as hedges | Interest sensitive contract benefits | Cross Currency Interest Rate Contract
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	12	7	37	13
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(14)	(6)	(37)	(11)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(2)	1	0	2
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments - Offset

Derivative Instruments - Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative assets
Gross amount recognized	$ 4,065	$ 4,387
Financial instruments	(1,671)	(430)
Collateral (received)/pledged	(2,538)	(3,934)
Off-balance sheet securities collateral	0	0
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0	0
Derivative liabilities
Gross amount recognized	(2,222)	(472)
Financial instruments	1,671	430
Collateral (received)/pledged	598	32
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election	(144)	23
Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election	47	(10)
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Excluding Obligation to Return Securities	(144)	23
Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Excluding Right to Reclaim Securities	47	(10)
Derivatives designated as hedges
Derivative assets
Gross amount recognized	1,824	470
Derivative liabilities
Gross amount recognized	(1,460)	(236)
Foreign currency forwards | Derivatives designated as hedges
Derivative assets
Gross amount recognized	697	189
Derivative liabilities
Gross amount recognized	(5)	(2)
Foreign currency swaps | Derivatives designated as hedges
Derivative assets
Gross amount recognized	1,122	281
Derivative liabilities
Gross amount recognized	(241)	(56)
Cross Currency Interest Rate Contract | Derivatives designated as hedges
Derivative assets
Gross amount recognized	0	0
Derivative liabilities
Gross amount recognized	(1,055)	(173)
Interest rate swaps | Derivatives designated as hedges
Derivative assets
Gross amount recognized	1	0
Derivative liabilities
Gross amount recognized	(159)	(1)
Available-for-sale Securities | Foreign currency forwards | Fair Value Hedging [Member] | Derivatives designated as hedges
Derivative [Line Items]
Derivative, Amount of Hedged Item	3,989	4,224
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	(644)	(136)
Available-for-sale Securities | Foreign currency swaps | Fair Value Hedging [Member] | Derivatives designated as hedges
Derivative [Line Items]
Derivative, Amount of Hedged Item	3,878	0
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	(792)	0
Mortgage Loans, Net | Foreign currency forwards | Fair Value Hedging [Member] | Derivatives designated as hedges
Derivative [Line Items]
Derivative, Amount of Hedged Item	0	1,686
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	0	(44)
Interest sensitive contract liabilities | Foreign currency swaps | Fair Value Hedging [Member] | Derivatives designated as hedges
Derivative [Line Items]
Derivative, Amount of Hedged Item	1,081	0
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	162	0
Interest sensitive contract liabilities | Cross Currency Interest Rate Contract | Fair Value Hedging [Member] | Derivatives designated as hedges
Derivative [Line Items]
Derivative, Amount of Hedged Item	4,348	2,773
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	879	121
Interest sensitive contract liabilities | Interest rate swaps | Fair Value Hedging [Member] | Derivatives designated as hedges
Derivative [Line Items]
Derivative, Amount of Hedged Item	6,750	500
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	$ 357	$ 0

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative [Line Items]
Other Comprehensive Income (Loss), before Tax	$ (5,750,000,000)	$ (490,000,000)	$ (19,555,000,000)	$ (1,327,000,000)
Derivatives used in Net Investment Hedge, Net of Tax	47,000,000		47,000,000		$ 1,000,000
Amount of Ineffectiveness on Net Investment Hedges	0	0	0	0
Cash flow hedges | Derivatives designated as hedges | Foreign currency swaps
Derivative [Line Items]
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	0	0	0	0
Foreign currency swap gains (losses)	0	114,000,000	0	171,000,000
Foreign currency swap gain (loss) reclassified to income	0	(21,000,000)	0	6,000,000
Cash flow hedges | Derivatives designated as hedges | Interest rate swaps
Derivative [Line Items]
Foreign currency swap gains (losses)	(111,000,000)	0	(111,000,000)	0
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency swaps
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net, Recorded in Other Comprehensive Income	51,000,000	0	60,000,000	0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency swaps | Investment related gains (losses)
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	256,000,000		589,000,000
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(283,000,000)		(630,000,000)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(27,000,000)		(41,000,000)
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0		0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency swaps | Available-for-sale Securities
Derivative [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	(792,000,000)		(792,000,000)		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency swaps | Interest sensitive contract liabilities
Derivative [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	162,000,000		162,000,000		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Interest rate swaps | Investment related gains (losses)
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(268,000,000)		(345,000,000)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	264,000,000		357,000,000
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(4,000,000)		12,000,000
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0		0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Interest rate swaps | Interest sensitive contract liabilities
Derivative [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	357,000,000		357,000,000		0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency forwards
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net, Recorded in Other Comprehensive Income	(20,000,000)	86,000,000	(77,000,000)	90,000,000
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency forwards | Investment related gains (losses)
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	288,000,000	133,000,000	616,000,000	338,000,000
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(290,000,000)	(149,000,000)	(648,000,000)	(337,000,000)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(2,000,000)	(16,000,000)	(32,000,000)	1,000,000
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	(37,000,000)	1,000,000	(37,000,000)
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	18,000,000	0	48,000,000	0
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency forwards | Available-for-sale Securities
Derivative [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	(644,000,000)		(644,000,000)		(136,000,000)
Fair Value Hedging [Member] | Derivatives designated as hedges | Foreign currency forwards | Mortgage Loans, Net
Derivative [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	0		0		(44,000,000)
Fair Value Hedging [Member] | Derivatives designated as hedges | Net Investment Hedging [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), before Tax	22,000,000	7,000,000	47,000,000	5,000,000
Fair Value Hedging [Member] | Derivatives designated as hedges | Cross Currency Interest Rate Contract | Investment related gains (losses)
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(379,000,000)	(51,000,000)	(873,000,000)	(82,000,000)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	384,000,000	50,000,000	879,000,000	82,000,000
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	5,000,000	(1,000,000)	6,000,000	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0	0	0	0
Fair Value Hedging [Member] | Derivatives designated as hedges | Cross Currency Interest Rate Contract | Interest sensitive contract benefits
Derivative [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	12,000,000	7,000,000	37,000,000	13,000,000
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(14,000,000)	(6,000,000)	(37,000,000)	(11,000,000)
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)	(2,000,000)	1,000,000	0	2,000,000
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Amortization Approach	0	$ 0	0	$ 0
Fair Value Hedging [Member] | Derivatives designated as hedges | Cross Currency Interest Rate Contract | Interest sensitive contract liabilities
Derivative [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	$ 879,000,000		$ 879,000,000		$ 121,000,000

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Variable Interest Entity [Line Items]
Mortgage loans, net of allowances					$ 24,148
Investment funds	$ 13,186		$ 13,186		9,866
Other assets (related party: 2022 – $88 and 2021 – $0)	10,094		10,094		1,257
Investment revenue	(2,045)	$ (1,625)	(5,834)	$ (5,601)
Net Investment Income	1,843	1,472	5,252	5,158
Provision for Loan, Lease, and Other Losses	171	12	(193)	72
Other gains	807	60	1,614	140
Gain (Loss) on Investments	(2,849)	385	(12,812)	2,555
Other Cost and Expense, Operating	388	250	1,081	795
Mortgage loans
Variable Interest Entity [Line Items]
Gain (Loss) on Investments	(1,199)	0	(3,094)	0
Mortgage loans
Variable Interest Entity [Line Items]
Investment revenue	(336)	(202)	(870)	(569)
Investment funds
Variable Interest Entity [Line Items]
Investment expenses	(35)	183	373	1,326
Other
Variable Interest Entity [Line Items]
Investment revenue	(75)	(47)	(165)	(206)
Trading securities
Variable Interest Entity [Line Items]
Investment revenue	(41)	(60)	(153)	(183)
Equity securities
Variable Interest Entity [Line Items]
Investment revenue	(17)	(8)	(41)	(15)
Variable Interest Entities
Variable Interest Entity [Line Items]
Mortgage loans, net of allowances	2,000		2,000		2,040
Investment funds	11,885		11,885		1,297
Other assets (related party: 2022 – $88 and 2021 – $0)	94		94		$ 32
Net Investment Income	33	2	80	58
Provision for Loan, Lease, and Other Losses	0	(14)	0	(62)
Other gains	(16)	0	5	0
Gain (Loss) on Investments	79	1	59	(47)
Variable Interest Entities | Mortgage loans
Variable Interest Entity [Line Items]
Gain (Loss) on Investments	(103)	0	(262)	0
Variable Interest Entities | Investment funds
Variable Interest Entity [Line Items]
Gain (Loss) on Investments	236	15	354	15
Variable Interest Entities | Mortgage loans
Variable Interest Entity [Line Items]
Investment revenue	(22)	(28)	(65)	(56)
Variable Interest Entities | Investment funds
Variable Interest Entity [Line Items]
Investment expenses	4	(26)	(5)	2
Variable Interest Entities | Other
Variable Interest Entity [Line Items]
Investment expenses	(16)	0	(3)	0
Variable Interest Entities | Trading securities
Variable Interest Entity [Line Items]
Investment revenue	(10)	0	(10)	0
Gain (Loss) on Investments	(38)	0	(38)	0
Variable Interest Entities | Equity securities
Variable Interest Entity [Line Items]
Investment revenue	$ (13)	$ 0	$ (13)	$ 0

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets
Available-for-sale securities	$ 102,798	$ 110,561
Mortgage loans		24,148
Derivative assets	4,065	4,387
Restricted cash	1,024	796
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	4,356	4,594
Liabilities
Interest sensitive contract liabilities	166,894	156,325
Future policy benefits	54,709	42,488
Derivative liabilities	2,222	472
Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	93,593	100,159
Trading securities, at fair value	1,590	2,056
Mortgage loans	25,145	20,748
Investment funds	0	183
Funds withheld at interest	34,706	43,907
Derivative assets	4,065	4,387
Short-term investments	318	139
Other investments	682	1,473
Related Party
Assets
Available-for-sale securities	9,205	10,402
Trading securities, at fair value	905	1,781
Equity securities, at fair value	340	284
Mortgage loans	1,331	1,360
Investment funds	789	2,958
Funds withheld at interest	9,961	12,207
Other investments	274	222
Liabilities
Interest sensitive contract liabilities	12,284	12,948
Future policy benefits	2,107	1,853
Variable Interest Entities
Assets
Trading securities, at fair value	988	0
Equity securities, at fair value	15	0
Mortgage loans	2,000	2,040
Other investments	152	0
U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	2,498	223
U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	920	1,213
Foreign governments | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	861	1,128
Corporate | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	56,908	66,226
Corporate | Related Party
Assets
Available-for-sale securities	1,022	859
CLO | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	14,146	13,652
CLO | Related Party
Assets
Available-for-sale securities	2,631	2,549
ABS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	9,872	8,989
ABS | Related Party
Assets
Available-for-sale securities	5,552	6,994
CMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	3,063	2,758
RMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	5,325	5,970
Level 3
Assets
Available-for-sale securities	11,191	10,167
Mortgage loans	28,139
Recurring | Level 1
Assets
Cash and cash equivalents	9,823	9,479
Restricted cash	1,024	796
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	0	0
Total assets measured at fair value	14,166	10,848
Liabilities
Derivative liabilities	(8)	0
Total liabilities measured at fair value	(8)	0
Recurring | Level 1 | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	2,496	214
Trading securities, at fair value	24	3
Equity securities, at fair value	265	86
Mortgage loans	0	0
Investment funds		0
Derivative assets	31	67
Short-term investments	81	49
Other investments	0	0
Recurring | Level 1 | Related Party
Assets
Available-for-sale securities	0	0
Trading securities, at fair value	0	0
Equity securities, at fair value	0	0
Mortgage loans	0
Investment funds	0	0
Other investments	0
Recurring | Level 1 | Variable Interest Entities
Assets
Trading securities, at fair value	4
Equity securities, at fair value	0
Mortgage loans	0
Investment funds	0	0
Other investments	0
Cash and cash equivalents	418	154
Recurring | Level 1 | Universal life
Liabilities
Interest sensitive contract liabilities	0	0
Recurring | Level 1 | AmerUs Closed Block
Liabilities
Future policy benefits	0	0
Recurring | Level 1 | ILICO Closed Block and life benefits
Liabilities
Future policy benefits	0	0
Recurring | Level 1 | Embedded derivatives
Liabilities
Interest sensitive contract liabilities	0	0
Funds withheld liability, fair value portion		0
Recurring | Level 1 | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Funds withheld at interest		0
Recurring | Level 1 | Embedded derivatives | Related Party
Assets
Funds withheld at interest		0
Recurring | Level 1 | U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	2,496	214
Recurring | Level 1 | U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | Foreign governments | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | Corporate | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | Corporate | Related Party
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | CLO | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | CLO | Related Party
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | ABS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | ABS | Related Party
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | CMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 1 | RMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 2
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	0	0
Total assets measured at fair value	95,437	105,173
Liabilities
Derivative liabilities	2,229	469
Total liabilities measured at fair value	2,147	514
Recurring | Level 2 | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	85,582	94,928
Trading securities, at fair value	1,512	1,984
Equity securities, at fair value	870	655
Mortgage loans	0	0
Investment funds		0
Derivative assets	4,034	4,320
Short-term investments	176	61
Other investments	170	130
Recurring | Level 2 | Related Party
Assets
Available-for-sale securities	2,713	3,085
Trading securities, at fair value	0	10
Equity securities, at fair value	0	0
Mortgage loans	0
Investment funds	0	0
Other investments	0
Recurring | Level 2 | Variable Interest Entities
Assets
Trading securities, at fair value	364
Equity securities, at fair value	0
Mortgage loans	0
Investment funds	0	0
Other investments	16
Cash and cash equivalents	0	0
Recurring | Level 2 | Universal life
Liabilities
Interest sensitive contract liabilities	0	0
Recurring | Level 2 | AmerUs Closed Block
Liabilities
Future policy benefits	0	0
Recurring | Level 2 | ILICO Closed Block and life benefits
Liabilities
Future policy benefits	0	0
Recurring | Level 2 | Embedded derivatives
Liabilities
Interest sensitive contract liabilities	0	0
Funds withheld liability, fair value portion		45
Recurring | Level 2 | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Funds withheld at interest		0
Recurring | Level 2 | Embedded derivatives | Related Party
Assets
Funds withheld at interest		0
Recurring | Level 2 | U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	2	9
Recurring | Level 2 | U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	920	1,213
Recurring | Level 2 | Foreign governments | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	859	1,126
Recurring | Level 2 | Corporate | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	55,246	64,887
Recurring | Level 2 | Corporate | Related Party
Assets
Available-for-sale securities	169	189
Recurring | Level 2 | CLO | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	14,143	13,638
Recurring | Level 2 | CLO | Related Party
Assets
Available-for-sale securities	2,320	2,347
Recurring | Level 2 | ABS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	6,024	5,370
Recurring | Level 2 | ABS | Related Party
Assets
Available-for-sale securities	224	549
Recurring | Level 2 | CMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	3,063	2,715
Recurring | Level 2 | RMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	5,325	5,970
Recurring | Level 3
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	1,476	1,991
Total assets measured at fair value	40,834	22,454
Liabilities
Derivative liabilities	1	3
Total liabilities measured at fair value	7,620	18,407
Recurring | Level 3 | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	5,515	5,017
Trading securities, at fair value	54	69
Equity securities, at fair value	72	429
Mortgage loans	25,145	17
Investment funds		18
Derivative assets	0	0
Short-term investments	35	29
Other investments	496	0
Recurring | Level 3 | Related Party
Assets
Available-for-sale securities	6,492	7,317
Trading securities, at fair value	905	1,771
Equity securities, at fair value	340	284
Mortgage loans	1,331
Investment funds	789	2,855
Other investments	274
Recurring | Level 3 | Variable Interest Entities
Assets
Trading securities, at fair value	620
Equity securities, at fair value	15
Mortgage loans	1,663
Investment funds	2,306	1,297
Other investments	136
Cash and cash equivalents	0	0
Recurring | Level 3 | Universal life
Liabilities
Interest sensitive contract liabilities	852	1,235
Recurring | Level 3 | AmerUs Closed Block
Liabilities
Future policy benefits	1,157	1,520
Recurring | Level 3 | ILICO Closed Block and life benefits
Liabilities
Future policy benefits	612	742
Recurring | Level 3 | Embedded derivatives
Liabilities
Interest sensitive contract liabilities	4,998	14,907
Funds withheld liability, fair value portion		0
Recurring | Level 3 | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Funds withheld at interest		782
Recurring | Level 3 | Embedded derivatives | Related Party
Assets
Funds withheld at interest		578
Recurring | Level 3 | U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 3 | U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | Level 3 | Foreign governments | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	2	2
Recurring | Level 3 | Corporate | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	1,662	1,339
Recurring | Level 3 | Corporate | Related Party
Assets
Available-for-sale securities	853	670
Recurring | Level 3 | CLO | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	3	14
Recurring | Level 3 | CLO | Related Party
Assets
Available-for-sale securities	311	202
Recurring | Level 3 | ABS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	3,848	3,619
Recurring | Level 3 | ABS | Related Party
Assets
Available-for-sale securities	5,328	6,445
Recurring | Level 3 | CMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	43
Recurring | Level 3 | RMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	0	0
Total assets measured at fair value	9,579	268
Liabilities
Derivative liabilities	0	0
Total liabilities measured at fair value	0	0
Recurring | NAV | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Trading securities, at fair value	0	0
Equity securities, at fair value	0	0
Mortgage loans	0	0
Investment funds		165
Derivative assets	0	0
Short-term investments	0	0
Other investments	0	0
Recurring | NAV | Related Party
Assets
Available-for-sale securities	0	0
Trading securities, at fair value	0	0
Equity securities, at fair value	0	0
Mortgage loans	0
Investment funds	0	103
Other investments	0
Recurring | NAV | Variable Interest Entities
Assets
Trading securities, at fair value	0
Equity securities, at fair value	0
Mortgage loans	0
Investment funds	9,579	0
Other investments	0
Cash and cash equivalents	0	0
Recurring | NAV | Universal life
Liabilities
Interest sensitive contract liabilities	0	0
Recurring | NAV | AmerUs Closed Block
Liabilities
Future policy benefits	0	0
Recurring | NAV | ILICO Closed Block and life benefits
Liabilities
Future policy benefits	0	0
Recurring | NAV | Embedded derivatives
Liabilities
Interest sensitive contract liabilities	0	0
Funds withheld liability, fair value portion		0
Recurring | NAV | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Funds withheld at interest		0
Recurring | NAV | Embedded derivatives | Related Party
Assets
Funds withheld at interest		0
Recurring | NAV | U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV | U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV | Foreign governments | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV | Corporate | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV | Corporate | Related Party
Assets
Available-for-sale securities	0	0
Recurring | NAV | CLO | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV | CLO | Related Party
Assets
Available-for-sale securities	0	0
Recurring | NAV | ABS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV | ABS | Related Party
Assets
Available-for-sale securities	0	0
Recurring | NAV | CMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Recurring | NAV | RMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	0	0
Fair Value
Assets
Total assets measured at fair value	52,741	86,719
Liabilities
Interest sensitive contract liabilities	104,556	108,621
Funds withheld liability, fair value portion	360	394
Fair Value | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		21,138
Investment funds	29	995
Funds withheld at interest	39,965	43,125
Short-term investments	26
Other investments	16	1,343
Fair Value | Related Party
Assets
Mortgage loans		1,369
Investment funds	483	4,433
Funds withheld at interest	11,532	11,629
Other investments		223
Fair Value | Variable Interest Entities
Assets
Mortgage loans	337	2,152
Fair Value | Level 1
Assets
Total assets measured at fair value	0	0
Liabilities
Interest sensitive contract liabilities	0	0
Funds withheld liability, fair value portion	0	0
Fair Value | Level 1 | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		0
Investment funds	0	0
Funds withheld at interest	0	0
Short-term investments	0
Other investments	0	0
Fair Value | Level 1 | Related Party
Assets
Mortgage loans		0
Investment funds	0	0
Funds withheld at interest	0	0
Other investments		0
Fair Value | Level 1 | Variable Interest Entities
Assets
Mortgage loans	0	0
Fair Value | Level 2
Assets
Total assets measured at fair value	353	312
Liabilities
Interest sensitive contract liabilities	0	0
Funds withheld liability, fair value portion	360	394
Fair Value | Level 2 | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		0
Investment funds	0	0
Funds withheld at interest	0	0
Short-term investments	0
Other investments	0	0
Fair Value | Level 2 | Related Party
Assets
Mortgage loans		0
Investment funds	0	0
Funds withheld at interest	0	0
Other investments		0
Fair Value | Level 2 | Variable Interest Entities
Assets
Mortgage loans	0	0
Fair Value | Level 3
Assets
Total assets measured at fair value	51,876	80,979
Liabilities
Interest sensitive contract liabilities	104,556	108,621
Funds withheld liability, fair value portion	0	0
Fair Value | Level 3 | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		21,138
Investment funds	0	0
Funds withheld at interest	39,965	43,125
Short-term investments	26
Other investments	16	1,343
Fair Value | Level 3 | Related Party
Assets
Mortgage loans		1,369
Investment funds	0	0
Funds withheld at interest	11,532	11,629
Other investments		223
Fair Value | Level 3 | Variable Interest Entities
Assets
Mortgage loans	337	2,152
Fair Value | NAV
Assets
Total assets measured at fair value	512	5,428
Liabilities
Interest sensitive contract liabilities	0	0
Fair Value | NAV | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		0
Investment funds	29	995
Funds withheld at interest	0	0
Short-term investments	0
Other investments	0	0
Fair Value | NAV | Related Party
Assets
Mortgage loans		0
Investment funds	483	4,433
Funds withheld at interest	0	0
Other investments		0
Fair Value | NAV | Variable Interest Entities
Assets
Mortgage loans	0	0
Fair Value | Recurring
Assets
Cash and cash equivalents	9,823	9,479
Restricted cash	1,024	796
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991)	1,476	1,991
Total assets measured at fair value	160,016	138,743
Liabilities
Interest sensitive contract liabilities	5,850	16,142
Future policy benefits	1,769	2,262
Derivative liabilities	2,222	472
Total liabilities measured at fair value	9,759	18,921
Fair Value | Recurring | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	93,593	100,159
Trading securities, at fair value	1,590	2,056
Equity securities, at fair value	1,207	1,170
Mortgage loans	25,145	17
Investment funds		183
Embedded derivative assets, fair value	(5,259)	782
Derivative assets	4,065	4,387
Short-term investments	292	139
Other investments	666	130
Fair Value | Recurring | Related Party
Assets
Available-for-sale securities	9,205	10,402
Trading securities, at fair value	905	1,781
Equity securities, at fair value	340	284
Mortgage loans	1,331	0
Investment funds	789	2,958
Embedded derivative assets, fair value	(1,571)	578
Other investments	274	0
Fair Value | Recurring | Variable Interest Entities
Assets
Trading securities, at fair value	988
Equity securities, at fair value	15
Mortgage loans	1,663	0
Investment funds	11,885	1,297
Other investments	152
Cash and cash equivalents	418	154
Fair Value | Recurring | Universal life
Liabilities
Interest sensitive contract liabilities	852	1,235
Fair Value | Recurring | AmerUs Closed Block
Liabilities
Future policy benefits	1,157	1,520
Fair Value | Recurring | ILICO Closed Block and life benefits
Liabilities
Future policy benefits	612	742
Fair Value | Recurring | Embedded derivatives
Liabilities
Interest sensitive contract liabilities	4,998	14,907
Funds withheld liability, fair value portion		45
Fair Value | Recurring | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Funds withheld at interest		782
Fair Value | Recurring | Embedded derivatives | Related Party
Assets
Funds withheld at interest		578
Fair Value | Recurring | U.S. government and agencies | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	2,498	223
Fair Value | Recurring | U.S. state, municipal and political subdivisions | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	920	1,213
Fair Value | Recurring | Foreign governments | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	861	1,128
Fair Value | Recurring | Corporate | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	56,908	66,226
Fair Value | Recurring | Corporate | Related Party
Assets
Available-for-sale securities	1,022	859
Fair Value | Recurring | CLO | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	14,146	13,652
Fair Value | Recurring | CLO | Related Party
Assets
Available-for-sale securities	2,631	2,549
Fair Value | Recurring | ABS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	9,872	8,989
Fair Value | Recurring | ABS | Related Party
Assets
Available-for-sale securities	5,552	6,994
Fair Value | Recurring | CMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	3,063	2,758
Fair Value | Recurring | RMBS | Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	5,325	5,970
Funds withheld at interest | Recurring | Level 1 | Embedded derivatives
Liabilities
Embedded derivative liabilities, fair value	0
Funds withheld at interest | Recurring | Level 1 | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Embedded derivative assets, fair value	0
Funds withheld at interest | Recurring | Level 1 | Embedded derivatives | Related Party
Assets
Embedded derivative assets, fair value	0
Funds withheld at interest | Recurring | Level 2 | Embedded derivatives
Liabilities
Embedded derivative liabilities, fair value	(82)
Funds withheld at interest | Recurring | Level 2 | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Embedded derivative assets, fair value	0
Funds withheld at interest | Recurring | Level 2 | Embedded derivatives | Related Party
Assets
Embedded derivative assets, fair value	0
Funds withheld at interest | Recurring | Level 3 | Embedded derivatives
Liabilities
Embedded derivative liabilities, fair value	0
Funds withheld at interest | Recurring | Level 3 | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Embedded derivative assets, fair value	(5,259)
Funds withheld at interest | Recurring | Level 3 | Embedded derivatives | Related Party
Assets
Embedded derivative assets, fair value	(1,571)
Funds withheld at interest | Recurring | NAV | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Embedded derivative assets, fair value	0
Funds withheld at interest | Recurring | NAV | Embedded derivatives | Related Party
Assets
Embedded derivative assets, fair value	0
Funds withheld at interest | Fair Value | Recurring | Embedded derivatives
Liabilities
Embedded derivative liabilities, fair value	(82)
Funds withheld at interest | Fair Value | Recurring | Embedded derivatives | Consolidated Entity, excluding Affiliated Entity
Assets
Embedded derivative assets, fair value	(5,259)
Funds withheld at interest | Fair Value | Recurring | Embedded derivatives | Related Party
Assets
Embedded derivative assets, fair value	(1,571)
Investments, excluding investments in Related Party | Fair Value | Recurring
Assets
Equity securities, at fair value	1,207	1,170
Short-term investments	$ 292	$ 139

Fair Value - Fair Value Option

Fair Value - Fair Value Option (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Total gains (losses)	$ (1,357,000,000)	$ 2,000,000	$ (3,461,000,000)	$ 478,000,000
Mortgage loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option, loans, 90 days or more past due					$ 0
Total gains (losses)	(1,279,000,000)	0	(3,344,000,000)	0
Unpaid principal balance	30,751,000,000		30,751,000,000		15,000,000
Mark to fair value	(2,612,000,000)		(2,612,000,000)		2,000,000
Fair value	28,139,000,000		28,139,000,000		$ 17,000,000
Fair Value, Option, Credit Risk, Gains (Losses) on Assets	18,000,000	0	(34,000,000)	0
Residential mortgage loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option, loans, 90 days or more past due	462,000,000		462,000,000
Fair Value, Option, Loans Held as Assets, Aggregate Amount in Nonaccrual Status	205,000,000		205,000,000
Unpaid principal balance	502,000,000		502,000,000
Fair value	462,000,000		462,000,000
Fair Value, Option, Loans Held as Assets, Aggregate Difference	(40,000,000)		(40,000,000)
Residential mortgage loans | Loans Insured or Guaranteed by US Government Authorities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option, loans, 90 days or more past due	257,000,000		257,000,000
Mortgage loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option, loans, 90 days or more past due	1,000,000		1,000,000
Fair Value, Option, Loans Held as Assets, Aggregate Amount in Nonaccrual Status	87,000,000		87,000,000
Unpaid principal balance	163,000,000		163,000,000
Fair value	87,000,000		87,000,000
Fair Value, Option, Loans Held as Assets, Aggregate Difference	(76,000,000)		(76,000,000)
Investment related gains (losses) | Trading securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Total gains (losses)	(121,000,000)	(23,000,000)	(489,000,000)	(31,000,000)
Net investment income | Investment funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Total gains (losses)	(47,000,000)	4,000,000	9,000,000	439,000,000
Future policy and other policy benefits | Future policy benefits
Fair Value, Option, Quantitative Disclosures [Line Items]
Total gains (losses)	$ 90,000,000	$ 21,000,000	$ 363,000,000	$ 70,000,000

Fair Value - Reconciliation of

Fair Value - Reconciliation of Level 3 Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$ 39,688	$ 15,952	$ 45,752	$ 14,840
Total realized and unrealized gains (losses) included in income	(3,205)	(284)	(10,718)	(619)
Total realized and unrealized gains (losses) included in OCI	(213)	6	(551)	47
Purchases, issuances, sales and settlements, net	4,338	719	8,516	2,102
Transfers in	226	(354)	(2,165)	(331)
Transfers (out)	(1,086)	(761)	(20,879)	(872)
Ending balance	40,834	16,039	40,834	16,039
Total gains (losses) included in earnings	(1,334)	3	(3,343)	506
Beginning balance	(8,265)	(17,121)	(11,059)	(16,561)
Total realized and unrealized gains (losses) included in income	992	130	4,122	(516)
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	347	599	683	513
Transfers in	0	0	0	0
Transfers (out)	0	0	0	0
Ending balance	(7,620)	(17,590)	(7,620)	(17,590)
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(217)	10	(473)	59
Reinsurance Recoverable Including Reinsurance Premium Paid [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	1,580	1,946	1,991	2,100
Total realized and unrealized gains (losses) included in income	(104)	23	(515)	(131)
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Ending balance	1,476	1,969	1,476	1,969
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Short-term Investments [Member] | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	58	0	29	2
Total realized and unrealized gains (losses) included in income	0	0	0	0
Total realized and unrealized gains (losses) included in OCI	0	0	(1)	0
Purchases, issuances, sales and settlements, net	(23)	29	7	29
Transfers in	0	0	0	(2)
Ending balance	35	29	35	29
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	(1)	0
Short-term Investments [Member] | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance			0
Total realized and unrealized gains (losses) included in income			0
Total realized and unrealized gains (losses) included in OCI			0
Purchases, issuances, sales and settlements, net			53
Transfers in			(53)
Transfers (out)			(53)
Ending balance	0		0
Total gains (losses) included in earnings			0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI			0
Short-term Investments [Member] | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases, issuances, sales and settlements, net	(23)	29	7
Transfers in	0	0	0
Transfers (out)	0	0	0
Mortgage loans | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	25,218	18	21,154	19
Total realized and unrealized gains (losses) included in income	(1,117)	0	(2,888)	0
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	1,044	0	6,879	(1)
Transfers in	0	0	0	0
Transfers (out)				0
Ending balance	25,145	18	25,145	18
Total gains (losses) included in earnings	(1,111)	0	(2,878)	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Mortgage loans | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	1,416		1,369
Total realized and unrealized gains (losses) included in income	(82)		(206)
Total realized and unrealized gains (losses) included in OCI	0		0
Purchases, issuances, sales and settlements, net	(3)		168
Transfers in	0		0
Transfers (out)	0		0
Ending balance	1,331		1,331
Total gains (losses) included in earnings	(82)		(206)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Mortgage loans | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	1,626		2,152
Total realized and unrealized gains (losses) included in income	(80)		(250)
Total realized and unrealized gains (losses) included in OCI	0		0
Purchases, issuances, sales and settlements, net	96		(58)
Transfers in	21		(181)
Transfers (out)	0		(223)
Ending balance	1,663		1,663
Total gains (losses) included in earnings	(79)		(250)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Mortgage loans | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases, issuances, sales and settlements, net	1,044		6,879
Transfers in	0		0
Transfers (out)	0		0
Other | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	0		0
Total realized and unrealized gains (losses) included in income	0		0
Total realized and unrealized gains (losses) included in OCI	0		0
Purchases, issuances, sales and settlements, net	0		0
Transfers in	496		496
Ending balance	496		496
Total gains (losses) included in earnings	0		0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Other | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	0		0
Total realized and unrealized gains (losses) included in income	0		0
Total realized and unrealized gains (losses) included in OCI	0		0
Purchases, issuances, sales and settlements, net	0		0
Transfers in	274		274
Transfers (out)	0		0
Ending balance	274		274
Total gains (losses) included in earnings	0		0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Other | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	31		0
Total realized and unrealized gains (losses) included in income	0		0
Total realized and unrealized gains (losses) included in OCI	0		0
Purchases, issuances, sales and settlements, net	0		31
Transfers in	105		105
Transfers (out)	0		(1,902)
Ending balance	136		136
Total gains (losses) included in earnings	0		0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Other | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases, issuances, sales and settlements, net	0		0
Transfers in	496		496
Transfers (out)	0		0
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers in				0
Transfers (out)				0
Equity securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	62	22	429	11
Total realized and unrealized gains (losses) included in income	10	2	27	13
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	(3)	0
Transfers in	0	0	(381)	0
Ending balance	72	24	72	24
Total gains (losses) included in earnings	11	2	25	13
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Equity securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	163	115	284	72
Total realized and unrealized gains (losses) included in income	(18)	3	(32)	4
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	195	(3)	76	39
Transfers in	0	0	12	0
Transfers (out)	0	0	(113)	0
Ending balance	340	115	340	115
Total gains (losses) included in earnings	(18)	3	(27)	4
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Equity securities | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	0		0
Total realized and unrealized gains (losses) included in income	0		0
Total realized and unrealized gains (losses) included in OCI	0		0
Purchases, issuances, sales and settlements, net	0		0
Transfers in	15		15
Transfers (out)	0		0
Ending balance	15		15
Total gains (losses) included in earnings	0		0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Equity securities | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases, issuances, sales and settlements, net			(3)	0
Transfers in			(381)
Transfers (out)			(400)
Trading securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	58	99	69	86
Total realized and unrealized gains (losses) included in income	(4)	(6)	(10)	(4)
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	(2)	3	6	10
Transfers in	2	(1)	(11)	3
Transfers (out)				(2)
Ending balance	54	95	54	95
Total gains (losses) included in earnings	(4)	(3)	(4)	(2)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Trading securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	891	1,710	1,771	1,525
Total realized and unrealized gains (losses) included in income	4	(4)	3	39
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	5	30	(1,057)	255
Transfers in	5	(23)	188	(106)
Transfers (out)	0	(23)	(1,260)	(106)
Ending balance	905	1,713	905	1,713
Total gains (losses) included in earnings	4	(3)	(4)	51
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Trading securities | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	330		0
Total realized and unrealized gains (losses) included in income	(7)		(7)
Total realized and unrealized gains (losses) included in OCI	0		0
Purchases, issuances, sales and settlements, net	529		529
Transfers in	(232)		98
Transfers (out)	(332)		(332)
Ending balance	620		620
Total gains (losses) included in earnings	(7)		(7)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Trading securities | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases, issuances, sales and settlements, net	(2)	3	6
Transfers in	2	(1)	(11)
Transfers (out)	(1)	(5)	(53)
Investment funds | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	19	18	18	17
Total realized and unrealized gains (losses) included in income	0	1	1	2
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	(19)	0	(19)	0
Ending balance	0	19	0	19
Total gains (losses) included in earnings	0	1	0	2
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Investment funds | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	818	2,452	2,855	2,033
Total realized and unrealized gains (losses) included in income	(29)	1	(1)	420
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	(34)	0
Transfers in	0	0	(2,031)	0
Transfers (out)			(2,031)
Ending balance	789	2,453	789	2,453
Total gains (losses) included in earnings	(29)	1	(1)	420
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Investment funds | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	1,053	417	1,297	0
Total realized and unrealized gains (losses) included in income	(19)	2	9	17
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	1,694	246	1,855	539
Transfers in	(422)	0	(855)	109
Transfers (out)	(422)	0	(11,942)	0
Ending balance	2,306	665	2,306	665
Total gains (losses) included in earnings	(19)	2	9	18
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Investment funds | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases, issuances, sales and settlements, net	0		0
Transfers in	(19)		(19)
Transfers (out)	(19)		(19)
Embedded derivatives | Funds withheld at interest | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	(3,958)	1,373	0	1,944
Total realized and unrealized gains (losses) included in income	(1,301)	(231)	(5,259)	(802)
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Ending balance	(5,259)	1,142	(5,259)	1,142
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Embedded derivatives | Funds withheld at interest | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	(1,129)	752	0	862
Total realized and unrealized gains (losses) included in income	(442)	(65)	(1,571)	(175)
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Ending balance	(1,571)	687	(1,571)	687
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
RMBS | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	68		0
Total realized and unrealized gains (losses) included in income	0		0
Total realized and unrealized gains (losses) included in OCI	(1)		(1)
Purchases, issuances, sales and settlements, net	(1)		67
Transfers in	(66)		(66)
Transfers (out)	(66)		(66)
Ending balance	0		0
Total gains (losses) included in earnings	0		0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
ABS | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	3,594	1,481	3,619	800
Total realized and unrealized gains (losses) included in income	2	(5)	9	(4)
Total realized and unrealized gains (losses) included in OCI	(50)	5	(145)	34
Purchases, issuances, sales and settlements, net	198	139	198	894
Transfers in	104	109	167	5
Transfers (out)	(12)	(57)	(317)	(170)
Ending balance	3,848	1,729	3,848	1,729
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(60)	11	(116)	47
ABS | Available-for-sale Securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	5,026	4,237	6,445	4,109
Total realized and unrealized gains (losses) included in income	(3)	(5)	(4)	(5)
Total realized and unrealized gains (losses) included in OCI	(73)	(2)	(208)	(27)
Purchases, issuances, sales and settlements, net	284	45	(957)	(63)
Transfers in	94	(322)	52	(61)
Transfers (out)	0	(322)	(1,864)	(61)
Ending balance	5,328	3,953	5,328	3,953
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(73)	0	(193)	(27)
CLO | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	0	276	14	208
Total realized and unrealized gains (losses) included in income	0	2	(2)	0
Total realized and unrealized gains (losses) included in OCI	0	0	0	1
Purchases, issuances, sales and settlements, net	3	(22)	(9)	(37)
Transfers in	0	(242)	0	(158)
Transfers (out)	0	(242)	0	(158)
Ending balance	3	14	3	14
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	1
CLO | Available-for-sale Securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	325		202
Total realized and unrealized gains (losses) included in income	0		0
Total realized and unrealized gains (losses) included in OCI	(14)		(21)
Purchases, issuances, sales and settlements, net	0		130
Transfers in	0		0
Transfers (out)			0
Ending balance	311		311
Total gains (losses) included in earnings	0		0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(14)		(21)
Corporate | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	1,588	983	1,339	778
Total realized and unrealized gains (losses) included in income	(16)	(2)	(19)	6
Total realized and unrealized gains (losses) included in OCI	(58)	3	(135)	37
Purchases, issuances, sales and settlements, net	205	136	385	108
Transfers in	(57)	(61)	92	130
Transfers (out)	(140)	(86)	(184)	(122)
Ending balance	1,662	1,059	1,662	1,059
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(55)	3	(120)	37
Corporate | Available-for-sale Securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	849	0	670	195
Total realized and unrealized gains (losses) included in income	1	0	(3)	0
Total realized and unrealized gains (losses) included in OCI	(17)	1	(23)	(2)
Purchases, issuances, sales and settlements, net	114	115	250	330
Transfers in	(94)	212	(41)	(195)
Transfers (out)	(94)	0	(94)	(195)
Ending balance	853	328	853	328
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(15)	(3)	(22)	(3)
CMBS | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance		51	43	43
Total realized and unrealized gains (losses) included in income		0	0	1
Total realized and unrealized gains (losses) included in OCI		(1)	(17)	4
Purchases, issuances, sales and settlements, net		1	0	0
Transfers in		(26)	(26)	(23)
Transfers (out)		(26)	(26)
Ending balance	0	25	0	25
Total gains (losses) included in earnings		0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI		(1)	0	4
CMBS | Available-for-sale Securities | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases, issuances, sales and settlements, net				0
Transfers in				(23)
Transfers (out)				(23)
Foreign governments | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	2	2	2	2
Total realized and unrealized gains (losses) included in income	0	0	0	0
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Transfers (out)				0
Ending balance	2	2	2	2
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
U.S. state, municipal and political subdivisions | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance				34
Total realized and unrealized gains (losses) included in income				0
Total realized and unrealized gains (losses) included in OCI				0
Purchases, issuances, sales and settlements, net				(1)
Transfers in				(33)
Transfers (out)				(33)
Ending balance		0		0
Total gains (losses) included in earnings				0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI				0
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	(1)	(4)	(3)	(4)
Total realized and unrealized gains (losses) included in income	0	0	2	0
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Ending balance	(1)	(4)	(1)	(4)
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Interest sensitive contract liabilities | Embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	(5,451)	(13,635)	(7,559)	(12,873)
Total realized and unrealized gains (losses) included in income	800	132	3,244	(716)
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	347	599	683	513
Transfers in	0	0	0	0
Transfers (out)	0	0	0	0
Ending balance	(4,998)	(14,102)	(4,998)	(14,102)
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Universal life | Interest sensitive contract liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	(943)	(1,188)	(1,235)	(1,308)
Total realized and unrealized gains (losses) included in income	91	(7)	383	113
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Ending balance	(852)	(1,195)	(852)	(1,195)
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
AmerUs Closed Block | Future policy benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	(1,247)	(1,551)	(1,520)	(1,600)
Total realized and unrealized gains (losses) included in income	90	21	363	70
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Ending balance	(1,157)	(1,530)	(1,157)	(1,530)
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
ILICO Closed Block and life benefits | Future policy benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	(623)	(743)	(742)	(776)
Total realized and unrealized gains (losses) included in income	11	(16)	130	17
Total realized and unrealized gains (losses) included in OCI	0	0	0	0
Purchases, issuances, sales and settlements, net	0	0	0	0
Transfers in	0	0	0	0
Ending balance	(612)	(759)	(612)	(759)
Total gains (losses) included in earnings	0	0	0	0
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	$ 0	$ 0	$ 0	$ 0

Fair Value - Gross Components o

Fair Value - Gross Components of Purchases, Sales, Issuances and Settlements, net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Jan. 01, 2022	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	$ 6,004	$ 1,210	$ 18,662	$ 3,086
Issuances	0	0	0	0
Sales	(55)	(96)	(3,789)	(143)
Settlements	(1,611)	(395)	(6,357)	(841)
Purchases, (Sales), Issuances, (Settlements)	4,338	719	8,516	2,102
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	1,312	407	18,714	541
Transfers (out)	(1,086)	(761)	(20,879)	(872)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	226	(354)	(2,165)	(331)
Purchases	0	0	0	0
Issuances	(457)	(832)	(1,073)	(1,204)
Sales	0	0	0	0
Settlements	(110)	(233)	(390)	(691)
Purchases, (Sales), Issuances, (Settlements), Liabilities	(347)	(599)	(683)	(513)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	0	0	0
Transfers (out)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	40,834	16,039	40,834	16,039	$ 39,688	$ 45,752	$ 15,952	$ 14,840
Short-term Investments [Member] | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases				29
Issuances				0
Sales				0
Settlements				0
Purchases, (Sales), Issuances, (Settlements)				29
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				0
Transfers (out)				(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net				(2)
Trading securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases				55
Issuances				0
Sales				(5)
Settlements				(40)
Purchases, (Sales), Issuances, (Settlements)	(2)	3	6	10
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				5
Transfers (out)				(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	2	(1)	(11)	3
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	54	95	54	95	58	69	99	86
Trading securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	5	65	41	319
Issuances	0	0	0	0
Sales	0	0	(1,052)	0
Settlements	0	(35)	(46)	(64)
Purchases, (Sales), Issuances, (Settlements)	5	30	(1,057)	255
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	5	0	1,448	0
Transfers (out)	0	(23)	(1,260)	(106)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	5	(23)	188	(106)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	905	1,713	905	1,713	891	1,771	1,710	1,525
Trading securities | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	529		529
Issuances	0		0
Sales	0		0
Settlements	0		0
Purchases, (Sales), Issuances, (Settlements)	529		529
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	100		430
Transfers (out)	(332)		(332)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	(232)		98
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	620		620		330	0
Trading securities | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0	6	8
Issuances	0	0	0
Sales	0	(3)	0
Settlements	(2)	0	(2)
Purchases, (Sales), Issuances, (Settlements)	(2)	3	6
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	3	4	42
Transfers (out)	(1)	(5)	(53)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	2	(1)	(11)
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				0
Transfers (out)				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net				0
Equity securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements)	0	0	(3)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	(381)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	72	24	72	24	62	429	22	11
Equity securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	195	0	195	46
Issuances	0	0	0	0
Sales	0	0	(119)	0
Settlements	0	(3)	0	(7)
Purchases, (Sales), Issuances, (Settlements)	195	(3)	76	39
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	125	0
Transfers (out)	0	0	(113)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	12	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	340	115	340	115	163	284	115	72
Equity securities | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0		0
Issuances	0		0
Sales	0		0
Settlements	0		0
Purchases, (Sales), Issuances, (Settlements)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	15		15
Transfers (out)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	15		15
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	15		15		0	0
Equity securities | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases			0	11
Issuances			0	0
Sales			(3)	(11)
Settlements			0	0
Purchases, (Sales), Issuances, (Settlements)			(3)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3			19
Transfers (out)			(400)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net			(381)
Investment funds | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	(19)	0	(19)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0	19	0	19	19	18	18	17
Investment funds | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases			0
Issuances			0
Sales			(34)
Settlements			0
Purchases, (Sales), Issuances, (Settlements)	0	0	(34)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3			0
Transfers (out)			(2,031)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	(2,031)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	789	2,453	789	2,453	818	2,855	2,452	2,033
Investment funds | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	1,695	339	1,981	632
Issuances	0	0	0	0
Sales	(1)	(93)	(126)	(93)
Settlements	0	0	0	0
Purchases, (Sales), Issuances, (Settlements)	1,694	246	1,855	539
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	11,087	109
Transfers (out)	(422)	0	(11,942)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	(422)	0	(855)	109
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,306	665	2,306	665	1,053	1,297	417	0
Investment funds | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0		0
Issuances	0		0
Sales	0		0
Settlements	0		0
Purchases, (Sales), Issuances, (Settlements)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0
Transfers (out)	(19)		(19)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	(19)		(19)
U.S. state, municipal and political subdivisions | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases				0
Issuances				0
Sales				0
Settlements				(1)
Purchases, (Sales), Issuances, (Settlements)				(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				0
Transfers (out)				(33)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net				(33)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		0		0				34
Foreign governments | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases				1
Issuances				0
Sales				0
Settlements				(1)
Purchases, (Sales), Issuances, (Settlements)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				0
Transfers (out)				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2	2	2	2	2	2	2	2
Corporate | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	228	147	681	172
Issuances	0	0	0	0
Sales	(3)	0	(173)	(8)
Settlements	(20)	(11)	(123)	(56)
Purchases, (Sales), Issuances, (Settlements)	205	136	385	108
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	83	25	276	252
Transfers (out)	(140)	(86)	(184)	(122)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	(57)	(61)	92	130
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,662	1,059	1,662	1,059	1,588	1,339	983	778
Corporate | Available-for-sale Securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	116	115	483	330
Issuances	0	0	0	0
Sales	0	0	(217)	0
Settlements	(2)	0	(16)	0
Purchases, (Sales), Issuances, (Settlements)	114	115	250	330
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	212	53	0
Transfers (out)	(94)	0	(94)	(195)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	(94)	212	(41)	(195)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	853	328	853	328	849	670	0	195
CLO | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	3	0	3	0
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	0	(22)	(12)	(37)
Purchases, (Sales), Issuances, (Settlements)	3	(22)	(9)	(37)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	0	0
Transfers (out)	0	(242)	0	(158)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	(242)	0	(158)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3	14	3	14	0	14	276	208
CLO | Available-for-sale Securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases			130
Issuances			0
Sales			0
Settlements			0
Purchases, (Sales), Issuances, (Settlements)	0		130
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3			0
Transfers (out)			0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	311		311		325	202
RMBS | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0		68
Issuances	0		0
Sales	0		0
Settlements	(1)		(1)
Purchases, (Sales), Issuances, (Settlements)	(1)		67
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0
Transfers (out)	(66)		(66)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	(66)		(66)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0		0		68	0
ABS | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	344	443	2,579	1,387
Issuances	0	0	0	0
Sales	0	0	(1,791)	(1)
Settlements	(146)	(304)	(590)	(492)
Purchases, (Sales), Issuances, (Settlements)	198	139	198	894
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	116	166	484	175
Transfers (out)	(12)	(57)	(317)	(170)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	104	109	167	5
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3,848	1,729	3,848	1,729	3,594	3,619	1,481	800
ABS | Available-for-sale Securities | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	887	65	2,160	103
Issuances	0	0	0	0
Sales	0	0	(93)	(25)
Settlements	(603)	(20)	(3,024)	(141)
Purchases, (Sales), Issuances, (Settlements)	284	45	(957)	(63)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	94	0	1,916	0
Transfers (out)	0	(322)	(1,864)	(61)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	94	(322)	52	(61)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	5,328	3,953	5,328	3,953	5,026	6,445	4,237	4,109
CMBS | Available-for-sale Securities | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases		1	0
Issuances		0	0
Sales		0	0
Settlements		0	0
Purchases, (Sales), Issuances, (Settlements)		1	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3		0	0
Transfers (out)		(26)	(26)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net		(26)	(26)	(23)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0	25	0	25		43	51	43
CMBS | Available-for-sale Securities | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases				1
Issuances				0
Sales				0
Settlements				(1)
Purchases, (Sales), Issuances, (Settlements)				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				0
Transfers (out)				(23)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net				(23)
Mortgage loans | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases				0
Issuances				0
Sales				0
Settlements				(1)
Purchases, (Sales), Issuances, (Settlements)	1,044	0	6,879	(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				0
Transfers (out)				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	25,145	18	25,145	18	25,218	21,154	18	19
Mortgage loans | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0		182
Issuances	0		0
Sales	0		0
Settlements	(3)		(14)
Purchases, (Sales), Issuances, (Settlements)	(3)		168
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0
Transfers (out)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,331		1,331		1,416	1,369
Mortgage loans | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	102		102
Issuances	0		0
Sales	0		0
Settlements	(6)		(160)
Purchases, (Sales), Issuances, (Settlements)	96		(58)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	21		42
Transfers (out)	0		(223)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	21		(181)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,663		1,663		1,626	2,152
Mortgage loans | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	1,900		9,377
Issuances	0		0
Sales	(51)		(181)
Settlements	(805)		(2,317)
Purchases, (Sales), Issuances, (Settlements)	1,044		6,879
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0
Transfers (out)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0		0
Short-term Investments [Member] | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements)	(23)	29	7	29
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	0	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	35	29	35	29	58	29	0	2
Short-term Investments [Member] | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases			53
Issuances			0
Sales			0
Settlements			0
Purchases, (Sales), Issuances, (Settlements)			53
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3			0
Transfers (out)			(53)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net			(53)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0		0			0
Short-term Investments [Member] | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0	29	59
Issuances	0	0	0
Sales	0	0	0
Settlements	(23)	0	(52)
Purchases, (Sales), Issuances, (Settlements)	(23)	29	7
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	0
Transfers (out)	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	0
Reinsurance Recoverable Including Reinsurance Premium Paid [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,476	1,969	1,476	1,969	1,580	1,991	1,946	2,100
Other | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	496		496
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	496		496		0	0
Other | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0		0
Issuances	0		0
Sales	0		0
Settlements	0		0
Purchases, (Sales), Issuances, (Settlements)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	274		274
Transfers (out)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	274		274
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	274		274		0	0
Other | Variable Interest Entities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0		31
Issuances	0		0
Sales	0		0
Settlements	0		0
Purchases, (Sales), Issuances, (Settlements)	0		31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	105		2,007
Transfers (out)	0		(1,902)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	105		105
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	136		136		31	0
Other | Investments, excluding investments in Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0		0
Issuances	0		0
Sales	0		0
Settlements	0		0
Purchases, (Sales), Issuances, (Settlements)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	496		496
Transfers (out)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	496		496
Embedded derivatives | Funds withheld at interest | Consolidated Entity, excluding Affiliated Entity
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	(5,259)	1,142	(5,259)	1,142	(3,958)	0	1,373	1,944
Embedded derivatives | Funds withheld at interest | Related Party
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	(1,571)	687	(1,571)	687	$ (1,129)	$ 0	$ 752	$ 862
Interest sensitive contract liabilities | Embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0	0	0	0
Issuances	(457)	(832)	(1,073)	(1,204)
Sales	0	0	0	0
Settlements	(110)	(233)	(390)	(691)
Purchases, (Sales), Issuances, (Settlements), Liabilities	(347)	(599)	(683)	(513)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	0	0	0
Transfers (out)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net	0	0	0	0
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, (Sales), Issuances, (Settlements), Liabilities	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net	$ 0	$ 0	$ 0	$ 0

Fair Value - Summary of Unobser

Fair Value - Summary of Unobservable Inputs for the Embedded Derivatives of Interest Sensitive Contract Liabilities (Details) $ in Millions	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale securities	$ 102,798	$ 110,561
Mortgage loans, net of allowances		24,148
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale securities	11,191	$ 10,167
Mortgage loans, net of allowances	$ 28,139
Nonperformance risk | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.005	0.001
Nonperformance risk | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.019	0.010
Nonperformance risk | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.012	0.006
Option budget | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.005	0.004
Option budget | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.045	0.034
Option budget | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.018	0.019
Surrender rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.050	0.059
Surrender rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.115	0.107
Surrender rate | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.081	0.080
Measurement Input, Discount Rate [Member] | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale, Measurement Input	0.016	0.014
Mortgage loans, Measurement Input	0.026
Measurement Input, Discount Rate [Member] | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale, Measurement Input	0.198	0.194
Mortgage loans, Measurement Input	0.357
Measurement Input, Discount Rate [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale, Measurement Input	0.059	0.052
Mortgage loans, Measurement Input	0.058
Embedded derivatives | Interest sensitive contract liabilities | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total liabilities measured at fair value	$ 4,998	$ 14,907

Fair Value - Financial Instrume

Fair Value - Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value
Assets
Total assets measured at fair value	$ 52,741	$ 86,719
Liabilities
Interest sensitive contract liabilities	104,556	108,621
Debt	2,427	3,295
Securities Sold under Agreements to Repurchase	4,477	3,110
Funds withheld liability	360	394
Total liabilities not carried at fair value	111,820	115,420
Fair Value | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		21,138
Investment funds	29	995
Policy loans	353	312
Funds withheld at interest	39,965	43,125
Other investments	16	1,343
Short-term investments	26
Fair Value | Related Party
Assets
Mortgage loans		1,369
Investment funds	483	4,433
Funds withheld at interest	11,532	11,629
Other investments		223
Fair Value | Variable Interest Entities
Assets
Mortgage loans	337	2,152
Carrying Value
Assets
Total assets measured at fair value	52,741	86,190
Liabilities
Interest sensitive contract liabilities	119,109	105,293
Debt	3,271	2,964
Securities Sold under Agreements to Repurchase	4,477	3,110
Funds withheld liability	360	394
Total liabilities not carried at fair value	127,217	111,761
Carrying Value | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		20,731
Investment funds	29	995
Policy loans	353	312
Funds withheld at interest	39,965	43,125
Other investments	16	1,343
Short-term investments	26
Carrying Value | Related Party
Assets
Mortgage loans		1,360
Investment funds	483	4,433
Funds withheld at interest	11,532	11,629
Other investments		222
Carrying Value | Variable Interest Entities
Assets
Mortgage loans	337	2,040
Mortgage loans		24,148
Investment funds	13,186	9,866
Liabilities
Interest sensitive contract liabilities	166,894	156,325
Debt	3,271	2,964
Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans	25,145	20,748
Investment funds	29	1,178
Investment funds	0	183
Policy loans	353	312
Funds withheld at interest	34,706	43,907
Other investments	682	1,473
Short-term investments	318	139
Related Party
Assets
Mortgage loans	1,331	1,360
Investment funds	1,272	7,391
Investment funds	789	2,958
Funds withheld at interest	9,961	12,207
Other investments	274	222
Liabilities
Interest sensitive contract liabilities	12,284	12,948
Variable Interest Entities
Assets
Mortgage loans	2,000	2,040
Investment funds	11,885	1,297
Other investments	152	0
Level 1 | Fair Value
Assets
Total assets measured at fair value	0	0
Liabilities
Interest sensitive contract liabilities	0	0
Debt	0	0
Securities Sold under Agreements to Repurchase	0	0
Funds withheld liability	0	0
Total liabilities not carried at fair value	0	0
Level 1 | Fair Value | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		0
Investment funds	0	0
Policy loans	0	0
Funds withheld at interest	0	0
Other investments	0	0
Short-term investments	0
Level 1 | Fair Value | Related Party
Assets
Mortgage loans		0
Investment funds	0	0
Funds withheld at interest	0	0
Other investments		0
Level 1 | Fair Value | Variable Interest Entities
Assets
Mortgage loans	0	0
Level 3 | Fair Value
Assets
Total assets measured at fair value	51,876	80,979
Liabilities
Interest sensitive contract liabilities	104,556	108,621
Debt	0	0
Securities Sold under Agreements to Repurchase	0	0
Funds withheld liability	0	0
Total liabilities not carried at fair value	104,556	108,621
Level 3 | Fair Value | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		21,138
Investment funds	0	0
Policy loans	0	0
Funds withheld at interest	39,965	43,125
Other investments	16	1,343
Short-term investments	26
Level 3 | Fair Value | Related Party
Assets
Mortgage loans		1,369
Investment funds	0	0
Funds withheld at interest	11,532	11,629
Other investments		223
Level 3 | Fair Value | Variable Interest Entities
Assets
Mortgage loans	337	2,152
Level 3
Assets
Mortgage loans	28,139
NAV | Fair Value
Assets
Total assets measured at fair value	512	5,428
Liabilities
Interest sensitive contract liabilities	0	0
Debt	0	0
Securities Sold under Agreements to Repurchase	0	0
Total liabilities not carried at fair value	0	0
NAV | Fair Value | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		0
Investment funds	29	995
Policy loans	0	0
Funds withheld at interest	0	0
Other investments	0	0
Short-term investments	0
NAV | Fair Value | Related Party
Assets
Mortgage loans		0
Investment funds	483	4,433
Funds withheld at interest	0	0
Other investments		0
NAV | Fair Value | Variable Interest Entities
Assets
Mortgage loans	0	0
Level 2 | Fair Value
Assets
Total assets measured at fair value	353	312
Liabilities
Interest sensitive contract liabilities	0	0
Debt	2,427	3,295
Securities Sold under Agreements to Repurchase	4,477	3,110
Funds withheld liability	360	394
Total liabilities not carried at fair value	7,264	6,799
Level 2 | Fair Value | Consolidated Entity, excluding Affiliated Entity
Assets
Mortgage loans		0
Investment funds	0	0
Policy loans	353	312
Funds withheld at interest	0	0
Other investments	0	0
Short-term investments	0
Level 2 | Fair Value | Related Party
Assets
Mortgage loans		0
Investment funds	0	0
Funds withheld at interest	0	0
Other investments		0
Level 2 | Fair Value | Variable Interest Entities
Assets
Mortgage loans	$ 0	$ 0

Fair Value - Narrative (Details

Fair Value - Narrative (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Carrying amount of equity securities	$ 400,000,000	$ 0
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount	$ 0	$ 0

Deferred Acquisition Costs, D_3

Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Roll Forward of DAC, DSI, and VOBA (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
DAC
Beginning balance	$ 0		$ 3,236
Additions	750		471
Deferred Policy Acquisition Cost, Amortization Expense, Assumption Change		$ 0
Deferred Sales Inducement Cost, Amortization Expense, Assumption Change		0
Present Value of Future Insurance Profits, Amortization Expense, Assumption Change		4
Deferred Policy Acquisition Costs, Deferred Sales Inducements, and Present Value of Future Profits, Unlocking		4
Amortization	(8)		(408)
Impact of unrealized investment (gains) losses		6	120
Ending balance		748	3,419
DSI
Beginning balance	0		857
Additions	268		186
Deferred sales inducement amortization expense excluding unlocking	0		(138)
Impact of unrealized investment (gains) losses		0	35
Ending balance		268	940
VOBA
Beginning balance	4,547		813
Additions	0		0
Amortization	(371)		(122)
Impact of unrealized investment (gains) losses		(5)	60
Ending balance		4,175	751
Total
Beginning balance	4,547	5,362	4,906
Additions	1,018		657
Amortization	$ (379)		(668)
Impact of unrealized investment (gains) losses		1	215
Ending balance		5,191	$ 5,110
Present Value of Future Insurance Profit
Present Value of Future Insurance Profits, Expected Amortization, Remainder of Fiscal Year		117
Present Value of Future Insurance Profits, Expected Amortization, Year One		442
Present Value of Future Insurance Profits, Expected Amortization, Year Two		405
Present Value of Future Insurance Profits, Expected Amortization, Year Three		373
Present Value of Future Insurance Profits, Expected Amortization, Year Four		339
Present Value of Future Insurance Profits, Expected Amortization, Year Five		$ 303

Debt (Details)

Debt (Details) - Liquidity Facility $ in Millions	Sep. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 2,500
Maximum borrowing capacity	3,000
Line of Credit Facility, Fair Value of Amount Outstanding	0
Athene Life Re Ltd.
Line of Credit Facility [Line Items]
Line of Credit Facility, Covenant Terms, Consolidated Net Worth Requirement, Amount	$ 9,300

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Class of Stock [Line Items]
Dividends		$ 2,752
Dividends (in shares)	$ 11.6
Additional paid-in capital
Class of Stock [Line Items]
Dividends		2,726
Retained earnings (accumulated deficit)
Class of Stock [Line Items]
Dividends		$ 26
Apollo Operating Group | Additional paid-in capital
Class of Stock [Line Items]
Dividends	1,916
Apollo Operating Group | Retained earnings (accumulated deficit)
Class of Stock [Line Items]
Dividends	26
Reestablishment of effective settlement | Additional paid-in capital
Class of Stock [Line Items]
Dividends	$ 810

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jan. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (9,787)	$ 3,337	$ 2,430	$ 3,971
Accumulated Other Comprehensive Income (Loss), Net of Tax	(13,755)	3,011	(13,755)	3,011	$ 0
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(5,772)	(471)	(19,713)	(1,225)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(22)	19	(158)	102
Income tax expense (benefit)	(991)	(88)	(3,444)	(239)
Other comprehensive income (loss) attributable to NCI	791	76	2,356	128
Ending balance	(13,755)	3,011	(13,755)	3,011
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(9,996)	4,423		5,352
Accumulated Other Comprehensive Income (Loss), Net of Tax	(14,082)	3,841	(14,082)	3,841	0
Other comprehensive income (loss) attributable to NCI	713	96	2,251	143
Ending balance	(14,082)	3,841	(14,082)	3,841
AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(138)	(36)		(53)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(238)	(1)	(238)	(1)	0
Ending balance	(238)	(1)	(238)	(1)
DAC, DSI, VOBA, future policy benefits and dividends payable to policyholders adjustments on AFS securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	432	(1,082)		(1,310)
Accumulated Other Comprehensive Income (Loss), Net of Tax	599	(993)	599	(993)	0
Ending balance	599	(993)	599	(993)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(28)	23		(26)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(5)	161	(5)	161	0
Ending balance	(5)	161	(5)	161
AOCI, Accumulated Gain (Loss), Debt Securities, with credit allowance, portion attributable to NCI [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) attributable to NCI	5	0	24	1
Accumulated Foreign Currency Adjustment and Other Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(57)	9		8
Accumulated Other Comprehensive Income (Loss), Net of Tax	(29)	3	(29)	3	$ 0
Ending balance	(29)	3	(29)	3
AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Including Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(5,824)	(783)	(20,037)	(1,913)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(24)	56	(178)	134
Income tax expense (benefit)	(1,001)	(161)	(3,526)	(393)
AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Including Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(128)	41	(319)	58
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	(2)	0	(5)
Income tax expense (benefit)	(23)	8	(57)	12
Deferred Acquisition Costs, Deferred Value of Business Acquired and Future Policy Benefit Adjustment on Available-for-sale Securities Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) attributable to NCI	(5)	0	(5)	0
Accumulated Net Investment Gain (Loss), Including Deferred Acquisition Costs, Deferred Sales Inducements, Value of Business Acquired, Future Policy Benefits, Including Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	218	98	768	368
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	1	(14)	4	(33)
Income tax expense (benefit)	45	23	160	84
Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(79)	179	(112)	267
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	1	(21)	16	6
Income tax expense (benefit)	(12)	42	(21)	58
Accumulated Foreign Currency Adjustment and Other Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	41	(6)	(13)	(5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0	0	0
Income tax expense (benefit)	0	0	0	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) attributable to NCI	91	(20)	102	(16)
Accumulated Foreign Currency Adjustment and Other Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) attributable to NCI	$ (13)	$ 0	$ (16)	$ 0

Related Parties - Management Fe

Related Parties - Management Fees Incurred (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction [Line Items]
Backbook Value	$ 103,400
Related Party | Asset management fees
Related Party Transaction [Line Items]
Expenses from transactions with related parties	$ 195	$ 146

Related Parties - Narrative (De

Related Parties - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Jan. 01, 2022	Dec. 31, 2021 USD ($) shares	Feb. 28, 2020 USD ($) shares
Related Party Transaction [Line Items]
Investment funds	$ 13,186		$ 13,186	$ 13,186			$ 9,866
Payments to Acquire Investment Funds				6,204	$ 1,876
Contributions from noncontrolling interests	336	$ 328	1,047		648
Interest sensitive contract liabilities	166,894		166,894	166,894			156,325
Other assets (related party: 2022 – $88 and 2021 – $0)	10,094		10,094	10,094			1,257
Backbook Value	103,400		103,400	103,400
Issuance of common stock				0	10
Payments to Acquire Debt Securities, Available-for-sale				28,050	28,994
Available-for-sale securities	102,798		102,798	102,798			110,561
Proceeds from Investment Funds				1,971	1,332
Management Fee, Percent						0.0335
Assets contributed to consolidated VIEs					169
Available-for-sale securities (related party: 2022 – $3,657 and 2021 – $1,228)				16,858	13,955
Venerable
Related Party Transaction [Line Items]
Equity investment method	232		232	232			219
Noncontrolling interests
Related Party Transaction [Line Items]
Contributions from noncontrolling interests	336	328	1,047		648
Related Party | Management fees associated with investment funds
Related Party Transaction [Line Items]
Expenses from transactions with related parties	195	$ 146
Contingent Investment Fees
Related Party Transaction [Line Items]
Due to other related parties	181		181	181			81
Apollo Aligned Alternatives, L.P.
Related Party Transaction [Line Items]
Assets contributed to consolidated VIEs				8,007
Investments
Related Party Transaction [Line Items]
Investment commitment	18,133		18,133	18,133
Private equity
Related Party Transaction [Line Items]
Management Fee, Percent						0.045
Variable Interest Entities
Related Party Transaction [Line Items]
Other investments	152		152	152			0
Investment funds	11,885		11,885	11,885			1,297
Other assets (related party: 2022 – $88 and 2021 – $0)	94		94	94			32
Equity securities, at fair value	15		15	15			0
Trading securities, at fair value	988		988	988			0
Related Party
Related Party Transaction [Line Items]
Other investments	274		274	274			222
Investment funds	1,272		1,272	1,272			7,391
Payments to Acquire Investment Funds				5,243	1,192
Interest sensitive contract liabilities	12,284		12,284	12,284			12,948
Other assets (related party: 2022 – $88 and 2021 – $0)	88		88	88			0
Equity securities, at fair value	340		340	340			284
Trading securities, at fair value	905		905	905			1,781
Payments to Acquire Debt Securities, Available-for-sale				3,008	2,091
Available-for-sale securities	9,205		9,205	9,205			10,402
Proceeds from Investment Funds				1,733	1,142
Available-for-sale securities (related party: 2022 – $3,657 and 2021 – $1,228)				3,657	1,228
Related Party | Management fees associated with investment funds
Related Party Transaction [Line Items]
Due to related parties	74		74	74			59
Expenses from transactions with related parties				563	430
Related Party | MidCap
Related Party Transaction [Line Items]
Available-for-sale securities							158
Related Party | MidCap affiliates
Related Party Transaction [Line Items]
Available-for-sale securities	1,008		1,008	$ 1,008			897
Related Party | MidCap
Related Party Transaction [Line Items]
Investments							800
Related Party | Apollo | Sub-allocated assets [Member]
Related Party Transaction [Line Items]
Base Management Fee				0.225%
Incremental Fee				0.15%
Related Party | Apollo | Sub-allocated assets [Member] | Minimum
Related Party Transaction [Line Items]
Sub-allocation Fee				0.065%
Related Party | Apollo | Sub-allocated assets [Member] | Maximum
Related Party Transaction [Line Items]
Sub-allocation Fee				0.70%
Related Party | Athora Holding Ltd.
Related Party Transaction [Line Items]
Equity Securities, FV-NI	$ 334		$ 334	$ 334			171
Related Party | Venerable
Related Party Transaction [Line Items]
Investment Interest Rate	6.257%		6.257%	6.257%
Related Party | Apollo Athene Strategic Partnership Advisors, LLC [Member]
Related Party Transaction [Line Items]
Investment funds	$ 984		$ 984	$ 984			415
Strategic Partnership Capacity	2,875		2,875	2,875
Related Party | PK AirFinance [Member]
Related Party Transaction [Line Items]
Debt Securities	1,104		1,104	1,104			1,401
Related Party | Apollo Operating Group
Related Party Transaction [Line Items]
Investment Owned, Balance, Shares | shares								29,154,519
Investment Owned, at Fair Value								$ 1,100
Related Party | Athene Freedom Holdings LP
Related Party Transaction [Line Items]
Available-for-sale securities	933		933	933			2,419
Available-for-sale securities (related party: 2022 – $3,657 and 2021 – $1,228)				1,479
Related Party | Funding Agreements | Athora Holding Ltd.
Related Party Transaction [Line Items]
Interest sensitive contract liabilities	54		54	54			63
Related Party | Investments | Athora Holding Ltd.
Related Party Transaction [Line Items]
Investment commitment	809		809	809
Related Party | Investments | PK AirFinance [Member]
Related Party Transaction [Line Items]
Investment commitment	1,028		1,028	1,028
Related Party | Redeemable Preferred Stock [Member] | MidCap
Related Party Transaction [Line Items]
Trading securities, at fair value							7
Related Party | Private equity | Venerable
Related Party Transaction [Line Items]
Other investments	274		274	274			222
Related Party | Differentiated investments | Athora Holding Ltd.
Related Party Transaction [Line Items]
Investment funds	789		789	789			743
Investments	1,123		1,123	1,123			914
ABS | Related Party
Related Party Transaction [Line Items]
Available-for-sale securities	$ 5,552		$ 5,552	$ 5,552			6,994
ABS | Related Party | MidCap
Related Party Transaction [Line Items]
Trading securities, at fair value							$ 635
Common Class A
Related Party Transaction [Line Items]
Common stock issued (in shares) | shares	203,800,000		203,800,000	203,800,000			192,200,000
Common Class A | Related Party | Apollo Operating Group
Related Party Transaction [Line Items]
Common stock issued (in shares) | shares								7,575,758
Issuance of common stock					$ 350
Investments							$ 2,112
Exchange of stock [Member] | Common Class A | Related Party | Apollo Operating Group
Related Party Transaction [Line Items]
Common stock issued (in shares) | shares								27,959,184
ACRA
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	63.45%		63.45%	63.45%
Noncontrolling Interest, Ownership Percentage by Parent	36.55%		36.55%	36.55%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount		$ 1,359
Advances from FHLB		3,746	$ 2,751
Interest sensitive contract liabilities		166,894	156,325
Gain (Loss) Related to Litigation Settlement	$ 53
Other Liabilities
Other Commitments [Line Items]
Gain (Loss) Related to Litigation Settlement	$ 47
Investments
Other Commitments [Line Items]
Investment commitment		18,133
Funding Agreement Backed Repurchase Agreements [Member]
Other Commitments [Line Items]
Interest sensitive contract liabilities		2,000	1,000
Athene Global Funding | Funding Agreements
Other Commitments [Line Items]
Maximum borrowing capacity		13,253
Interest sensitive contract liabilities		$ 20,759	$ 19,728

Commitments and Contingencies_2

Commitments and Contingencies - Pledged Assets and Funds in Trust (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
AFS securities	$ 11,532	$ 9,111
Debt Securities, Trading, Restricted	57	75
Equity securities	48	30
Mortgage Loans	28,476
Investment funds	103	174
Derivative assets pledged as collateral	84	96
Mortgage loans, net of allowances		24,148
Other investments	170	130
Restricted cash	1,024	796
Total restricted assets	20,651	15,445
Other Commitments [Line Items]
Mortgage loans, net of allowances		24,148
Short-term investments	8	0
Asset Pledged as Collateral
Commitments and Contingencies Disclosure [Abstract]
Mortgage loans, net of allowances	7,625	5,033
Other Commitments [Line Items]
Mortgage loans, net of allowances	$ 7,625	$ 5,033