Corebridge Financial (CRBG) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 08, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-41504
Entity Registrant Name	Corebridge Financial, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4715639
Entity Address, Address Line One	2919 Allen Parkway, Woodson Tower
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77019
City Area Code	1-877
Local Phone Number	375-2422
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Trading Symbol	CRBG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		645,000,000
Document Fiscal Year Focus	2022
Entity Central Index Key	0001889539
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Fixed maturity securities:
Bonds available for sale, at fair value, net of allowance for credit losses of $93 in 2022 and $78 in 2021 (amortized cost: 2022 - $177,399; 2021 - $182,593)*	[1]	$ 151,039	$ 198,568
Other bond securities	[1]	4,775	2,082
Equity securities, at fair value (See Note 5)	[1]	144	242
Mortgage and other loans receivable	[1]	42,539	39,388
Other investments	[1]	10,143	10,567
Short-term Investments	[1]	5,166	5,471
Total investments		213,806	256,318
Cash	[1]	382	537
Accrued investment income	[1]	1,793	1,760
Premiums and other receivables, net of allowance for credit losses and disputes of $1 in 2022 and $1 in 2021		695	884
Deferred income taxes		9,715	4,837
Deferred policy acquisition costs and value of business acquired		13,318	8,058
Other assets	[1]	2,809	3,303
Separate account assets, at fair value		81,302	109,111
Total assets		354,595	416,212
Liabilities:
Future policy benefits for life and accident and health insurance contracts		55,407	57,751
Policyholder contract deposits (portion measured at fair value: 2022 - $6,501; 2021 - $9,824)		157,734	156,846
Other policyholder funds		3,327	2,849
Short-term debt		1,500	8,317
Long-term debt		7,868	427
Separate account liabilities		81,302	109,111
Total liabilities		346,204	387,284
Contingencies, commitments and guarantees (See Note 12)
Redeemable noncontrolling interest		17	83
Corebridge Shareholders' equity:
Common stock, value		6
Additional paid-in capital		8,030	8,054
Retained earnings		16,783	8,859
Accumulated other comprehensive income (loss)		(17,290)	10,167
Total Corebridge Shareholders' equity		7,529	27,086
Non-redeemable noncontrolling interests		845	1,759
Total equity		8,374	28,845
Total liabilities, redeemable noncontrolling interest and equity		354,595	416,212
Common Stock Class A
Corebridge Shareholders' equity:
Common stock, value			5
Common Stock Class B
Corebridge Shareholders' equity:
Common stock, value			1
Fortitude RE
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		27,963	28,472
Liabilities:
Fortitude Re funds withheld payable (portion measured at fair value: 2022 - $797; 2021 - $7,974)		26,559	35,144
Excluding Fortitude
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		2,812	2,932
Liabilities:
Other liabilities (portion measured at fair value: 2022 - $83; 2021 - $191)*	[1]	6,512	9,903
Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		7,868	427
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt	[1]	$ 5,995	$ 6,936
[1] See Note 8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Fixed maturity securities:
Bonds available for sale, allowance for credit losses		$ (93)	$ (78)
Bonds available for sale, amortized cost		177,399	182,593
Allowance for credit losses		(548)	(496)
Other investments	[1]	10,143	10,567
Short-term Investments	[1]	5,166	5,471
Premiums and other receivables, allowance for credit losses and disputes		(1)	(1)
Other assets	[1]	2,809	3,303
Liabilities:
Policyholder contract deposits		$ 157,734	$ 156,846
Corebridge Shareholders' equity:
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)		2,500,000,000	2,500,000,000
Common stock, shares issued (in shares)		645,000,000	645,000,000
Common Stock Class A
Corebridge Shareholders' equity:
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)		2,252,500,000	2,252,500,000
Common stock, shares issued (in shares)		581,145,000	581,145,000
Common Stock Class B
Corebridge Shareholders' equity:
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)		247,500,000	247,500,000
Common stock, shares issued (in shares)		63,855,000	63,855,000
Fortitude RE
Fixed maturity securities:
Reinsurance asset, allowance for credit loss		$ 0	$ 0
Liabilities:
Fortitude Re funds withheld payable		26,559	35,144
Excluding Fortitude
Fixed maturity securities:
Reinsurance asset, allowance for credit loss		108	101
Short-term Investments
Fixed maturity securities:
Restricted cash		19	57
Other assets
Fixed maturity securities:
Restricted cash		43	7
Recurring Basis
Fixed maturity securities:
Other investments		7,600	7,104
Short-term Investments		1,607	1,455
Other assets		344	684
Liabilities:
Policyholder contract deposits		6,501	9,824
Fortitude Re funds withheld payable		797	7,974
Other liabilities, portion measured at fair value		83	191
Long-term debt, portion measured at fair value		5	$ 5
Recurring Basis | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt, portion measured at fair value		$ 5
[1] See Note 8

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Premiums	$ 1,305	$ 941	$ 3,046	$ 2,988
Policy fees	732	714	2,238	2,269
Total net investment income	2,160	3,005	7,021	8,747
Total net realized gains	2,700	571	9,704	1,660
Advisory fee income	114	146	362	454
Other income	130	144	439	433
Total revenues	7,141	5,521	22,810	16,551
Benefits and expenses:
Policyholder benefits	1,810	1,514	4,752	4,810
Interest credited to policyholder account balances	944	920	2,725	2,661
Amortization of deferred policy acquisition costs and value of business acquired	339	388	1,313	876
Non-deferrable insurance commissions	156	168	481	481
Advisory fee expenses	65	77	201	245
General operating expenses	578	521	1,741	1,553
Interest expense	149	83	357	295
(Gain) loss on extinguishment of debt	0	0	0	229
Net (gain) loss on divestitures	(2)	(103)	1	(103)
Total benefits and expenses	4,039	3,568	11,571	11,047
Income before income tax expense	3,102	1,953	11,239	5,504
Income tax expense	625	381	2,243	959
Net income	2,477	1,572	8,996	4,545
Less:
Net income attributable to noncontrolling interests	126	152	281	312
Net income attributable to AIG	$ 2,351	$ 1,420	$ 8,715	$ 4,233
Income (loss) per common share attributable to Corebridge common shareholders:
Basic (in dollars per share)	$ 3.64		$ 13.51
Diluted (in dollars per share)	$ 3.63		$ 13.50
Weighted averages shares outstanding:
Basic (in shares)	645,700,000		645,200,000
Diluted (in shares)	646,400,000		645,400,000
Common Stock Class A
Income (loss) per common share attributable to Corebridge common shareholders:
Basic (in dollars per share)		$ 2.20		$ 6.56
Diluted (in dollars per share)		$ 2.20		$ 6.56
Weighted averages shares outstanding:
Basic (in shares)		581,100,000		581,100,000
Diluted (in shares)		581,100,000		581,100,000
Common Stock Class B
Income (loss) per common share attributable to Corebridge common shareholders:
Basic (in dollars per share)		$ 2.20		$ 6.56
Diluted (in dollars per share)		$ 2.20		$ 6.56
Weighted averages shares outstanding:
Basic (in shares)		63,900,000		63,900,000
Diluted (in shares)		63,900,000		63,900,000
Excluding Fortitude Re Funds Withheld Assets
Revenues:
Total net investment income	$ 2,003	$ 2,560	$ 6,404	$ 7,411
Total net realized gains	1,326	597	3,282	1,207
Fortitude Re funds withheld assets
Revenues:
Total net investment income	157	445	617	1,336
Total net realized gains	(89)	169	(272)	482
Fortitude Re funds withheld embedded derivative
Revenues:
Total net realized gains	$ 1,463	$ (195)	$ 6,694	$ (29)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - 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	$ 2,477	$ 1,572	$ 8,996	$ 4,545
Other comprehensive income (loss), net of tax
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken	(47)	0	(46)	24
Change in unrealized depreciation of all other investments	(6,379)	(1,282)	(27,442)	(4,068)
Change in cash flow hedges	(6)	0	163	0
Change in foreign currency translation adjustments	(78)	(21)	(150)	(17)
Change in retirement plan liabilities	0	0	(1)	0
Other comprehensive income (loss)	(6,510)	(1,303)	(27,476)	(4,061)
Comprehensive income (loss)	(4,033)	269	(18,480)	484
Less:
Comprehensive income attributable to noncontrolling interests	107	148	262	308
Comprehensive income (loss) attributable to Corebridge	$ (4,140)	$ 121	$ (18,742)	$ 176

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (unaudited) - USD ($) $ in Millions	Total	Common Stock Class B	Total Corebridge Shareholders' Equity	Total Corebridge Shareholders' Equity Common Stock Class B	Additional Paid-In Capital	Retained Earnings	Retained Earnings Common Stock Class B	Common Stock	Common Stock Common Stock Class A	Common Stock Common Stock Class B	Shareholders' Net Investment	Accumulated Other Comprehensive Income (Loss)	Non- Redeemable Noncontrolling Interests
Balance, beginning of period at Dec. 31, 2020	$ 39,781		$ 37,232		$ 0	$ 0		$ 0	$ 5	$ 1	$ 22,573	$ 14,653	$ 2,549
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in net investment	(882)		(882)								(882)
Net income attributable to Corebridge or noncontrolling interests	4,545		4,233			4,233							312
Other comprehensive income, net of tax	(4,061)		(4,057)									(4,057)	(4)
Changes in noncontrolling interests due to divestitures and acquisitions	50												50
Contributions from noncontrolling interests	181												181
Distributions to noncontrolling interests	(669)												(669)
Other	(16)		(17)								(17)		1
Balance, end of period at Sep. 30, 2021	38,929		36,509		0	0		0	5	1	25,907	10,596	2,420
Balance, beginning of period at Jun. 30, 2021	38,936		36,413		0	0		0	5	1	24,512	11,895	2,523
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in net investment	(32)		(32)								(32)
Net income attributable to Corebridge or noncontrolling interests	1,572		1,420			1,420							152
Other comprehensive income, net of tax	(1,303)		(1,299)									(1,299)	(4)
Changes in noncontrolling interests due to divestitures and acquisitions	(8)												(8)
Contributions from noncontrolling interests	54												54
Distributions to noncontrolling interests	(298)												(298)
Other	8		7								7		1
Balance, end of period at Sep. 30, 2021	38,929		36,509		0	0		0	5	1	25,907	10,596	2,420
Balance, beginning of period at Dec. 31, 2021	28,845		27,086		8,054	8,859		0	5	1	0	10,167	1,759
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Corebridge or noncontrolling interests	8,997		8,715			8,715							282
Dividends to common stock shareholders		$ (728)		$ (728)			$ (728)
Other comprehensive income, net of tax	(27,476)		(27,457)									(27,457)	(19)
Changes in noncontrolling interests due to divestitures and acquisitions	(104)		0			0							(104)
Contributions from noncontrolling interests	45												45
Distributions to noncontrolling interests	(1,117)												(1,117)
Other	88		(87)		(24)	(63)		6	(5)	(1)			1
Balance, end of period at Sep. 30, 2022	8,374		7,529		8,030	16,783		6	0	0	0	(17,290)	845
Balance, beginning of period at Jun. 30, 2022	13,091		11,883		8,033	14,643		6	0	0	0	(10,799)	1,208
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Corebridge or noncontrolling interests	2,478		2,351			2,351							127
Dividends to common stock shareholders		$ (148)		$ (148)			$ (148)
Other comprehensive income, net of tax	(6,510)		(6,491)									(6,491)	(19)
Changes in noncontrolling interests due to divestitures and acquisitions	(104)		0			0							(104)
Contributions from noncontrolling interests	22												22
Distributions to noncontrolling interests	(399)												(399)
Other	(56)		(66)		(3)	(63)							10
Balance, end of period at Sep. 30, 2022	$ 8,374		$ 7,529		$ 8,030	$ 16,783		$ 6	$ 0	$ 0	$ 0	$ (17,290)	$ 845

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021
Cash flows from operating activities:
Net income		$ 8,996		$ 4,545
Non-cash revenues, expenses, gains and losses included in income (loss):
Net (gains) losses on sales of securities available for sale and other assets		307		(848)
Net (gain) loss on divestitures		1		(103)
Loss on extinguishment of debt		0		229
Unrealized gains in earnings - net		(2,864)		(1,235)
Equity in (income) loss from equity method investments, net of dividends or distributions		(110)		28
Depreciation and other amortization		1,055		571
Impairments of assets		11		35
General operating and other expenses		0		88
Changes in operating assets and liabilities:
Insurance reserves		1,697		1,423
Premiums and other receivables and payables - net		(33)		59
Funds held relating to Fortitude re Reinsurance contracts		(8,381)		(1,120)
Reinsurance assets and funds held under reinsurance treaties		412		25
Capitalization of deferred policy acquisition costs		(735)		(782)
Current and deferred income taxes - net		1,192		(734)
Other, net		654		(149)
Total adjustments		(6,794)		(2,513)
Net cash provided by operating activities		2,202		2,032
sales or distributions of:
Available-for-sale securities		9,183		7,200
Other securities		602		162
Other invested assets		1,556		2,314
Divestitures, net		0		137
Maturities of fixed maturity securities available for sale		7,784		15,656
Principal payments received on mortgage and other loans receivable		4,839		4,702
Purchases of:
Available-for-sale securities		(14,385)		(27,049)
Other securities		(3,248)		(29)
Other invested assets		(1,225)		(1,770)
Mortgage and other loans receivable		(9,399)		(5,477)
Acquisition of businesses, net of cash and restricted cash acquired		(107)		0
Net change in short-term investments		87		2,024
Net change in derivative assets and liabilities		1,011		(839)
Other, net		(28)		(75)
Net cash used in investing activities		(3,330)		(3,044)
Proceeds from (payments for):
Policyholder contract deposits		19,779		19,485
Policyholder contract withdrawals		(14,736)		(16,208)
Issuance of long term debt		7,451		345
Issuance of short-term debt		1,512		0
Repayments of long-term debt		0		(815)
Repayments of short-term debt		(8,312)		0
Distributions to Class B shareholder		(580)		0
Distributions to AIG		0		(1,021)
Distributions to noncontrolling interests		(395)		(669)
Contributions from noncontrolling interests		45		201
Net change in securities lending and repurchase agreements		(3,474)		8
Other, net		(80)		(30)
Net cash provided by financing activities		980		1,097
Effect of exchange rate changes on cash and restricted cash		(9)		(1)
Net increase (decrease) in cash and restricted cash		(157)		84
Cash and restricted cash at beginning of year		601		918
Change in cash of businesses held for sale		0		(436)
Cash and restricted cash at end of period		444		566
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Cash		382	[1]	518
Total cash and restricted cash shown in the Condensed Consolidated Statements of Cash Flows		444		566
Cash paid during the period for:
Interest		238		200
Taxes		1,051		1,694
Non-cash investing activities:
Fixed maturity securities, designated available for sale, received in connection with pension risk transfer transactions		0		(797)
Fixed maturity securities, designated available for sale, received in connection with reinsurance transactions		0		(58)
Fixed maturity securities, designated available for sale, transferred in connection with reinsurance transactions		204		543
Corebridge distribution of AIG common stock to AIG		0		38
Fixed maturity securities, designated as fair value option, transferred to repay debt of consolidated investment entities		0		1,257
Fixed maturity securities, designated available for sale, transferred to repay debt of consolidated investment entities		458		605
Investment assets transferred in conjunction with fund establishment		19		85
Investment assets received in conjunction with fund establishment		49		85
Real estate investments transferred in conjunction with fund establishment		305		0
Equity securities distributed in lieu of cash to non-consolidated Corebridge affiliate		94		0
Other invested assets securities distributed in lieu of cash to non-consolidated Corebridge affiliate		694		0
Non-cash financing activities:
Interest credited to policyholder contract deposits included in financing activities		2,615		2,654
Fee income debited to policyholder contract deposits included in financing activities		(1,268)		(1,267)
Repayments of debt of consolidated investment entities utilizing fixed maturity securities		(474)		(1,862)
Long-term debt forgiven by AIG Parent		0		(96)
Non-cash capital contributions		0		183
Non-cash capital distributions		0		(44)
Distribution in lieu of cash, in equity securities, to non-consolidated Corebridge affiliate		(94)		0
Distribution in lieu of cash, in Other invested assets securities, to non-consolidated Corebridge affiliate		(694)		0
Extinguishment of debt in exchange for partnership interest		(172)		0
Redemption of NCI in exchange for partnership interest		(104)		0
Consolidated VIE
Proceeds from (payments for):
Issuance of long term debt		860		3,707
Repayments of long-term debt		(1,090)		(3,906)
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Cash		79
Short-term investments
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Restricted cash	[2]	19		13
Other assets
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Restricted cash	[2]	$ 43		$ 35
[1] See Note 8

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Overview and Basis of Presentation	1. Overview and Basis of Presentation OVERVIEW Corebridge Financial, Inc. (“Corebridge Parent”) is a leading provider of retirement solutions and life insurance products in the United States. Our primary business operations consist of sales of individual and group annuities and life insurance products to individuals and institutional markets. Corebridge Parent common stock, par value $0.01 per share, is listed on the New York Stock Exchange (NYSE:CRBG). The terms “Corebridge,” “we,” “us,” “our” or the “Company” mean Corebridge Parent and its consolidated or combined subsidiaries, unless the context refers to Corebridge Parent only. These unaudited condensed financial statements present the consolidated and combined results of operations, financial condition and cash flows of the Company. On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“ AIG Parent”) sold 80,000,000 shares of Corebridge Parent common stock to the public. Following the IPO, AIG owns 77.7% of the outstanding common stock of Corebridge Parent. AIG Parent is a publicly-traded entity, listed on the New York Stock Exchange (NYSE:AIG). The term “AIG” means AIG Parent and its consolidated subsidiaries, unless the context refers to AIG Parent only. Prior to the IPO, we underwent a reorganization (the “Reorganization”) to ensure that we held all of AIG’s life and retirement business and substantially all of its investment management operations. The Reorganization was completed on December 31, 2021. As of September 30, 2022, subsidiaries of Corebridge Parent include: AGC Life Insurance Company (“AGC”), American General Life Insurance Company (“AGL”), The Variable Annuity Life Insurance Company (“VALIC”), The United States Life Insurance Company in the City of New York (“USL”), AIG Life of Bermuda, Ltd. (“AIG Bermuda”), AIG Life Ltd. (“AIG Life (United Kingdom)”) and its subsidiary, Laya Healthcare Ltd. (“Laya”), and SAFG Capital LLC and its subsidiaries. These financial statements include the results of Corebridge Parent, its controlled subsidiaries (generally through a greater than 50% ownership of voting rights and voting interests) and variable interest entities (“VIEs”) of which we are the primary beneficiary. Equity investments in entities that we do not consolidate, including corporate entities in which we have significant influence and partnership and partnership-like entities in which we have more than minor influence over the operating and financial policies, are accounted for under the equity method unless we have elected the fair value option. BASIS OF PRESENTATION The financial statements presented for periods on or after December 31, 2021, the date on which the Reorganization was completed, are presented on a consolidated basis, and include the financial position, results of operations and cash flows of the Company. The financial statements for the periods prior to December 31, 2021 are presented on a combined basis, and reflect the historical combined financial position, results of operations and cash flows of Corebridge, AIG Capital Corporation (“Cap Corp”), AIG Life (United Kingdom) and Laya, as the operations were under common control of AIG and reflect the historical combined financial position, results of operations and cash flows of those legal entities. These unaudited condensed combined and consolidated financial statements do not include all disclosures that are normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and should be read in conjunction with the audited consolidated financial statements and the related notes for the year ended December 31, 2021 included in the Company’s prospectus filed on September 16, 2022 with the U.S. Securities and Exchange Commission pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended (the “Prospectus”). The condensed consolidated financial information as of December 31, 2021 included herein has been derived from the audited consolidated financial statements for the year ended December 31, 2021 included in our Prospectus. Our historical financial results included in the Company’s financial statements do not necessarily reflect the financial condition, results of operations or cash flows we would have achieved as a stand-alone company during the periods presented or those we will achieve in the future. The Company has recorded affiliated transactions with certain AIG subsidiaries that are not subsidiaries of Corebridge which have not been eliminated in the consolidated or combined financial statements of the Company. The accompanying financial statements reflect all normal recurring adjustments, including eliminations of material intercompany accounts and transactions, necessary in the opinion of management for a fair statement of our financial position, results of operations and cash flows for the periods presented. Transfer of AIG Technologies, Inc. and Eastgreen Inc. In connection with the Reorganization, we and AIG entered into agreements under which we purchased AIG Technologies, Inc. (“AIGT”) and Eastgreen, Inc. (“Eastgreen”) from AIG on February 28, 2022 for total consideration of $107 million. AIGT provides data processing, technology and infrastructure services to Corebridge and AIG entities in the United States, including management of AIG hardware and networks. AIGT utilizes two data centers to provide its services. The real estate related to the two data centers is owned by Eastgreen. To the extent needed, AIGT will continue to provide services to AIG for a transition period. SIGNIFICANT TRANSACTIONS Strategic Partnership with Blackstone On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9% equity stake in Corebridge and Corebridge entered into a long-term asset management relationship with Blackstone. Blackstone manages $50 billion of assets in our investment portfolio, with that amount increasing by $8.5 billion in each of the next five years beginning in the fourth quarter of 2022 for an aggregate of $92.5 billion by the third quarter of 2027. Pursuant to the Stockholders’ Agreement that we entered into with AIG Parent and Argon at the time of acquisition of Argon’s Corebridge equity stake, Argon may not sell its ownership interest in Corebridge subject to exceptions permitting Argon to sell 25%, 67% and 75% of its shares after the first, second and third anniversaries, respectively, of the IPO, with the transfer restrictions terminating in full on the fifth anniversary of the IPO. Also, until Argon no longer owns at least 50% of its initial investment in Corebridge, it will have the right to designate for nomination for election one member of the Corebridge board of directors. Promissory Note On November 1, 2021, Corebridge Parent declared a dividend payable to AIG Parent in the amount of $8.3 billion. In connection with that dividend, Corebridge Parent issued a promissory note to AIG Parent in the amount of $8.3 billion. As of September 30, 2022, the promissory note to AIG Parent has been paid in full. Affordable Housing Sale On December 15, 2021, Corebridge and Blackstone Real Estate Income Trust (“BREIT”), a long-term, perpetual capital vehicle affiliated with Blackstone, completed the acquisition by BREIT of Corebridge’s interests in a U.S. affordable housing portfolio for $4.9 billion, in an all cash transaction, subject to certain adjustments, resulting in a pre-tax gain of $3.0 billion. Sale of Certain Assets of Our Retail Mutual Funds Business On February 8, 2021, we announced the execution of a definitive agreement with Touchstone Investments, Inc. (“Touchstone”), an indirect wholly-owned subsidiary of Western & Southern Financial Group, to sell certain assets of our retail mutual funds business. This sale consisted of the reorganization of twelve of the retail mutual funds managed by our subsidiary SunAmerica Asset Management, LLC (“SAAMCo”) into certain Touchstone funds. The transaction closed on July 16, 2021, at which time we received initial proceeds and recognized a gain on the sale of $103 million. Concurrently, the twelve retail mutual funds managed by SAAMCo, with $6.8 billion in assets, were reorganized into Touchstone funds. Additional consideration may be earned over a three-year period based on asset levels in certain reorganized funds. Six retail mutual funds managed by SAAMCo and not included in the transaction were liquidated. We continue to retain our fund management platform and capabilities dedicated to our variable annuity insurance products. USE OF ESTIMATES The preparation of financial statements in accordance with U.S. GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of: • fair value measurements of certain financial assets and liabilities; • valuation of liabilities for guaranteed benefit features of variable annuity products, fixed annuity products and fixed index annuity products, including the valuation of embedded derivatives; • estimated gross profits (“EGPs”) to value deferred policy acquisition costs (“DAC”) and unearned revenue (“URR”) for investment-oriented products, such as universal life insurance, variable and fixed annuities, and fixed index annuities; • valuation of future policy benefit liabilities and timing and extent of loss recognition; • valuation of embedded derivatives for fixed index annuity and life products; • reinsurance assets, including the allowance for credit losses; • allowance for credit losses primarily on loans and available-for-sale fixed maturity securities; • goodwill impairment; • liability for legal contingencies; • income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies ACCOUNTING STANDARDS ADOPTED DURING 2022 Reference Rate Reform On March 12, 2020, the Financial Accounting Standards Board (the “FASB”) issued an accounting standard that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The standard allows us to account for certain contract modifications that result from the discontinuation of the London Interbank Offered Rate (“LIBOR”) or another reference rate as a continuation of the existing contract without additional analysis. This standard may be elected and applied prospectively over time from March 12, 2020 through December 31, 2022 as reference rate reform activities occur. Where permitted by the guidance, we have accounted for contract modifications stemming from the discontinuation of LIBOR or another reference rate as a continuation of the existing contract. As part of our implementation efforts, we have and will continue to assess our operational readiness and current and alternative reference rates’ merits, limitations, risks and suitability for our investment and insurance processes. The adoption of the standard has not had, and is not expected to have, a material impact on our reported consolidated financial condition, results of operations, cash flows or required disclosures. FUTURE APPLICATION OF ACCOUNTING STANDARDS Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued an accounting standard update with the objective of making targeted improvements to the existing recognition, measurement, presentation and disclosure requirements for long-duration contracts issued by an insurance entity. The Company will adopt the standard on January 1, 2023. We continue to evaluate and expect the adoption of this standard will impact our financial condition, results of operations, statement of cash flows and disclosures, as well as systems, processes and controls. The Company will adopt the standard using the modified retrospective transition method relating to liabilities for traditional and limited payment contracts and deferred policy acquisition costs associated therewith. The Company will adopt the standard in relation to market risk benefits (“MRBs”) on a retrospective basis. Based upon this transition method, the Company currently estimates that the January 1, 2021 transition date (“Transition Date”) impact from adoption is likely to result in a decrease in the Company’s pre-tax equity between approximately $1.0 billion and $3.0 billion. The most significant drivers of the transition adjustment are expected to be (1) changes related to market risk benefits in our Individual Retirement and Group Retirement segments, including the impact of non-performance adjustments; (2) changes to the discount rate which will most significantly impact our Life Insurance and Institutional Markets segments; and (3) the removal of balances recorded in accumulated other comprehensive income (“AOCI”) related to changes in unrealized appreciation (depreciation) on investments. Market risk benefits: The standard requires the measurement of all MRBs (e.g., living benefit and death benefit guarantees associated with variable annuities) associated with deposit (or account balance) contracts at fair value at each reporting period. Changes in fair value compared to prior periods will be recorded and presented separately within the income statement, with the exception of instrument-specific credit risk changes (non-performance adjustments), which will be recognized in Other comprehensive income. MRBs will impact both retained earnings and AOCI upon transition. As MRBs are required to be accounted for at fair value, the quarterly valuation of these items will result in variability and volatility in the Company’s results following adoption. The accounting for MRBs will primarily impact our Individual Retirement and Group Retirement segments. Discount rate assumption: The standard requires the discount rate assumption for the liability for future policy benefits to be updated at the end of each reporting period using an upper-medium grade (low credit risk) fixed income instrument yield that maximizes the use of observable market inputs. Upon transition, the Company currently estimates an adjustment to AOCI due to the fact that the market upper-medium grade (low credit risk) interest rates as of the Transition Date differ from reserve interest accretion rates. Lower interest rates result in a higher liability for future policy benefits, and are anticipated to more significantly impact our Life Insurance and Institutional Markets segments. Following adoption, the impact of changes to discount rates will be recognized through other comprehensive income. Changes resulting from unlocking the discount rate each reporting period will primarily impact term life insurance and other traditional life insurance products, as well as pension risk transfer (“PRT”) and structured settlement products. Removal of balances related to changes in unrealized appreciation (depreciation) on investments: Under the standard, the majority of balances recorded in AOCI related to changes in unrealized appreciation (depreciation) on investments will be eliminated. In addition to the above, the standard also: • requires the review and, if necessary, update of future policy benefit assumptions at least annually for traditional and limited pay long-duration contracts, with the recognition and separate presentation of any resulting re-measurement gain or loss (except for discount rate changes as noted above) in the income statement; • simplifies the amortization of DAC to a constant level basis over the expected term of the related contracts with adjustments for unexpected terminations, but no longer requires an impairment test; and • increased disclosures of disaggregated roll-forwards of several balances, including: liabilities for future policy benefits, deferred acquisition costs, account balances, market risk benefits, separate account liabilities and information about significant inputs, judgments and methods used in measurement and changes thereto and impact of those changes. We expect that the accounting for Fortitude Re will continue to remain largely unchanged. With respect to Fortitude Re, the reinsurance assets, including the discount rates, will continue to be calculated using the same methodology and assumptions as the direct policies. Accounting for modified coinsurance (“modco”) remains unchanged. The Company has created a governance framework and a plan to support implementation of the updated standard. As part of its implementation plan, the Company has also advanced the modernization of its actuarial technology platform to enhance its modeling, data management, experience study and analytical capabilities, increase the end-to-end automation of key reporting and analytical processes and optimize its control framework. The Company has designed and begun implementation and testing of internal controls related to the new processes created as part of implementing the updated standard and will continue to refine these internal controls until the formal implementation in the first quarter of 2023. Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued an accounting standard update that eliminates the accounting guidance for troubled debt restructurings for creditors and amends the guidance on ‘‘vintage disclosures’’ to require disclosure of current-period gross write-offs by year of origination. The standard also updates the requirements for accounting for credit losses by adding enhanced disclosures for creditors related to loan refinancings and restructurings for borrowers experiencing financial difficulty. Because the Company has already adopted the current expected credit loss (“CECL”) model, the amendments in this standard are effective for fiscal years beginning after December 15, 2022, including interim periods within those years. We do not expect the standard to have a material impact on our reported consolidated financial condition, results of operations, cash flows or required disclosures. Fair Value Measurement On June 30, 2022, the FASB issued an accounting standards update to address diversity in practice by clarifying that a contractual sale restriction should not be considered in the measurement of the fair value of an equity security. It also requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. The guidance is effective for public companies for fiscal years beginning after December 15, 2023 and interim period within those years, with early adoption permitted. For entities other than investment companies, the accounting standards update applies prospectively, with any adjustments resulting from adoption recognized in earnings on the date of adoption. We are assessing the impact of this standard.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information We report our results of operations consistent with the manner in which our chief operating decision makers review the business to assess performance and allocate resources. We report our results of operations as five reportable segments: • Individual Retirement – consists of fixed annuities, fixed index annuities, variable annuities and retail mutual funds. On February 8, 2021, we announced the execution of a definitive agreement with Touchstone to sell certain assets of our retail mutual funds business. This Touchstone transaction closed on July 16, 202 1. For further information on this sale, see Note 1 to our audited annual consolidated financial statements. • Group Retirement – consists of record-keeping, plan administrative and compliance services, financial planning and advisory solutions offered in-plan, along with proprietary and non-proprietary annuities, advisory and brokerage products offered out-of-plan. • Life Insurance – primary products in the United States include term life and universal life insurance. The International Life business issues individual and group life insurance in the United Kingdom, and distributes medical insurance in Ireland. • Institutional Markets – consists of stable value wrap (“SVW”) products, structured settlement and PRT annuities, guaranteed investment contracts (“GICs”) and Corporate Market products that include corporate-and bank-owned life insurance, private placement variable universal life and private placement variable annuities products. • Corporate and Other – consists primarily of: – Corporate expenses not attributable to our other segments; – interest expense on financial debt; – results of our consolidated investment entities; – institutional asset management business, which includes managing assets for non-consolidated affiliates; and – results of our legacy insurance lines ceded to Fortitude Re. We evaluate segment performance based on adjusted revenues and adjusted pre-tax operating income (loss) (“APTOI”). Adjusted revenues are derived by excluding certain items from total revenues. APTOI is derived by excluding certain items from income from operations before income tax. These items generally fall into one or more of the following broad categories: legacy matters having no relevance to our current businesses or operating performance; adjustments to enhance transparency to the underlying economics of transactions; and adjustments that we believe to be common to the industry. Legal entities are attributed to each segment based upon the predominance of activity in that legal entity. APTOI excludes the impact of the following items: Fortitude-related adjustments: The modco reinsurance agreements with Fortitude Re transfer the economics of the invested assets supporting the reinsurance agreements to Fortitude Re. Accordingly, the net investment income on Fortitude Re funds withheld assets and the net realized gains (losses) on Fortitude Re funds withheld assets are excluded from APTOI. Similarly, changes in the Fortitude Re funds withheld embedded derivative are also excluded from APTOI. As a result of entering into the reinsurance agreements with Fortitude Re we recorded a loss which was primarily attributed to the write-off of DAC, VOBA and deferred cost of reinsurance assets. The total loss and the ongoing results associated with the reinsurance agreement with Fortitude Re have been excluded from APTOI as these are not indicative of our ongoing business operations. Investment-related adjustments: APTOI excludes “Net realized gains (losses),” including changes in the allowance for credit losses on available-for-sale securities and loans, as well as gains or losses from sales of securities, except for gains (losses) related to the disposition of real estate investments. Net realized gains (losses), except for gains (losses) related to the disposition of real estate investments, are excluded as the timing of sales on invested assets or changes in allowances depend largely on market credit cycles and can vary considerably across periods. In addition, changes in interest rates may create opportunistic scenarios to buy or sell invested assets. Our derivative results, including those used to economically hedge insurance liabilities, also included in net realized gains (losses) are similarly excluded from APTOI except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedges or for asset replication. Earned income on such economic hedges is reclassified from net realized gains and losses to specific APTOI line items based on the economic risk being hedged (e.g., net investment income and interest credited to policyholder account balances). Our investment-oriented contracts, such as universal life insurance, and fixed, fixed index and variable annuities, are also impacted by net realized gains (losses), and these secondary impacts are also excluded from APTOI. Specifically, the changes in benefit reserves and DAC, VOBA and deferred sales inducement (“DSI”) assets related to net realized gains (losses) are excluded from APTOI. Variable and fixed index annuities and index universal life insurance products adjustments: Certain of our variable annuity contracts contain guaranteed minimum withdrawal benefits (“GMWBs”) and are accounted for as embedded derivatives. Additionally, certain fixed index annuity contracts contain GMWB or indexed interest credits which are accounted for as embedded derivatives, and our index universal life insurance products also contain embedded derivatives. Changes in the fair value of these embedded derivatives, including rider fees attributed to the embedded derivatives, are recorded through “Net realized gains (losses)” and are excluded from APTOI. Changes in the fair value of securities used to hedge guaranteed living benefits are excluded from APTOI. Other adjustments: Other adjustments represent all other adjustments that are excluded from APTOI and includes the net pre-tax operating income (losses) from noncontrolling interests related to consolidated investment entities. The excluded adjustments include, as applicable: • restructuring and other costs related to initiatives designed to reduce operating expenses, improve efficiency and simplify our organization; • non-recurring costs associated with the implementation of non-ordinary course legal or regulatory changes or changes to accounting principles; • separation costs; • non-operating litigation reserves and settlements; • loss (gain) on extinguishment of debt; • losses from the impairment of goodwill; and • income and loss from divested or run-off business. The following table presents Corebridge’s operations by segment: (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Three Months Ended September 30, 2022 Premiums $ 56 $ 3 $ 422 $ 804 $ 20 $ — $ 1,305 $ — $ 1,305 Policy fees 203 109 371 49 — — 732 — 732 Net investment income (a) 940 491 307 257 39 (3) 2,031 129 2,160 Net realized gains (losses) (a)(b) — — — — 132 — 132 2,568 2,700 Advisory fee and other income 108 74 28 — 31 — 241 3 244 Total adjusted revenues 1,307 677 1,128 1,110 222 (3) 4,441 2,700 7,141 Policyholder benefits 165 24 698 915 — — 1,802 8 1,810 Interest credited to policyholder account balances 488 286 84 85 — — 943 1 944 Amortization of deferred policy acquisition costs 234 22 59 2 — — 317 22 339 Non-deferrable insurance commissions 87 31 30 7 1 — 156 — 156 Advisory fee expenses 34 31 — — — — 65 — 65 General operating expenses 100 103 154 18 97 1 473 105 578 Interest expense — — — — 144 (8) 136 13 149 Net (gain) loss on divestitures — — — — — — — (2) (2) Total benefits and expenses 1,108 497 1,025 1,027 242 (7) 3,892 147 4,039 Noncontrolling interests — — — — (126) — (126) Adjusted pre-tax operating income (loss) $ 199 $ 180 $ 103 $ 83 $ (146) $ 4 $ 423 Adjustments to: Total revenue 2,700 Total expenses 147 Noncontrolling interests 126 Income before income tax (benefit) $ 3,102 $ 3,102 (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Three Months Ended September 30, 2021 Premiums $ 68 $ 7 $ 347 $ 499 $ 21 $ — $ 942 $ (1) $ 941 Policy fees 244 135 288 47 — — 714 — 714 Net investment income (a) 1,110 606 440 301 122 (11) 2,568 437 3,005 Net realized gains (losses) (a)(b) — — — — 152 — 152 419 571 Advisory fee and other income 145 89 29 1 26 — 290 — 290 Total adjusted revenues 1,567 837 1,104 848 321 (11) 4,666 855 5,521 Policyholder benefits 205 32 662 598 — — 1,497 17 1,514 Interest credited to policyholder account balances 487 289 88 75 — — 939 (19) 920 Amortization of deferred policy acquisition costs 373 16 (7) 1 — — 383 5 388 Non-deferrable insurance commissions 94 31 36 6 1 — 168 — 168 Advisory fee expenses 43 34 — — — — 77 — 77 General operating expenses 98 109 198 24 88 (6) 511 10 521 Interest expense 10 9 6 2 50 (7) 70 13 83 Net (gain) loss on divestitures — — — — — — — (103) (103) Total benefits and expenses 1,310 520 983 706 139 (13) 3,645 (77) 3,568 Noncontrolling interests — — — — (149) — (149) Adjusted pre-tax operating income (loss) $ 257 $ 317 $ 121 $ 142 $ 33 $ 2 $ 872 Adjustments to: Total revenue 855 Total expenses (77) Noncontrolling interests 149 Income before income tax (benefit) $ 1,953 $ 1,953 (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Nine Months Ended September 30, 2022 Premiums $ 168 $ 16 $ 1,284 $ 1,538 $ 62 $ — $ 3,068 $ (22) $ 3,046 Policy fees 637 347 1,109 145 — — 2,238 — 2,238 Net investment income (a) 2,824 1,506 1,013 760 361 (13) 6,451 570 7,021 Net realized gains (losses) (a)(b) — — — — 143 — 143 9,561 9,704 Advisory fee and other income 346 232 94 1 101 — 774 27 801 Total adjusted revenues 3,975 2,101 3,500 2,444 667 (13) 12,674 10,136 22,810 Policyholder benefits 494 78 2,318 1,863 — — 4,753 (1) 4,752 Interest credited to policyholder account balances 1,392 853 256 215 — — 2,716 9 2,725 Amortization of deferred policy acquisition costs 613 85 192 5 — — 895 418 1,313 Non-deferrable insurance commissions 265 89 104 21 2 — 481 — 481 Advisory fee expenses 106 95 — — — — 201 — 201 General operating expenses 318 332 479 55 297 2 1,483 258 1,741 Interest expense — — — — 349 (29) 320 37 357 Net (gain) loss on divestitures — — — — — — — 1 1 Total benefits and expenses 3,188 1,532 3,349 2,159 648 (27) 10,849 722 11,571 Noncontrolling interests — — — — (281) — (281) Adjusted pre-tax operating income (loss) $ 787 $ 569 $ 151 $ 285 $ (262) $ 14 $ 1,544 Adjustments to: Total revenue 10,136 Total expenses 722 Noncontrolling interests 281 Income before income tax (benefit) $ 11,239 $ 11,239 (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Nine Months Ended September 30, 2021 Premiums $ 125 $ 15 $ 1,171 $ 1,624 $ 65 $ — $ 3,000 $ (12) $ 2,988 Policy fees 717 389 1,023 140 — — 2,269 — 2,269 Net investment income (a) 3,254 1,810 1,241 861 304 (45) 7,425 1,322 8,747 Net realized gains (losses) (a)(b) — — — — 198 — 198 1,462 1,660 Advisory fee and other income 454 248 80 2 103 — 887 — 887 Total adjusted revenues 4,550 2,462 3,515 2,627 670 (45) 13,779 2,772 16,551 Policyholder benefits 418 58 2,417 1,896 — — 4,789 21 4,810 Interest credited to policyholder account balances 1,346 859 265 221 — — 2,691 (30) 2,661 Amortization of deferred policy acquisition costs 620 45 110 4 — — 779 97 876 Non-deferrable insurance commissions 271 89 100 19 2 — 481 — 481 Advisory fee expenses 149 96 — — — — 245 — 245 General operating expenses 319 329 514 62 290 (5) 1,509 44 1,553 Interest expense 36 28 19 7 216 (39) 267 28 295 Loss on extinguishment of debt — — — — — — — 229 229 Net (gain) loss on divestitures — — — — — — — (103) (103) Total benefits and expenses 3,159 1,504 3,425 2,209 508 (44) 10,761 286 11,047 Noncontrolling interests — — — — (259) — (259) Adjusted pre-tax operating income (loss) $ 1,391 $ 958 $ 90 $ 418 $ (97) $ (1) $ 2,759 Adjustments to: Total revenue 2,772 Total expenses 286 Noncontrolling interests 259 Income before income tax (benefit) $ 5,504 $ 5,504 (a) Adjustments include Fortitude Re activity of $1,531 million and $419 million for the three months ended September 30, 2022 and 2021, respectively, and $7,039 million and $1,789 million for the nine months ended September 30, 2022 and 2021, respectively. (b) Net realized gains (losses) includes the gains (losses) related to the disposition of real estate investments.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements FAIR VALUE MEASUREMENTS ON A RECURRING BASIS Assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets are measured and classified in accordance with a fair value hierarchy consisting of three “levels” based on the observability of valuation inputs: • Level 1: Fair value measurements based on quoted prices (unadjusted) in active markets that we have the ability to access for identical assets or liabilities. Market price data generally is obtained from exchange or dealer markets. We do not adjust the quoted price for such instruments. • Level 2: Fair value measurements based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. • Level 3: Fair value measurements based on valuation techniques that use significant inputs that are unobservable. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3. The circumstances for using these measurements include those in which there is little, if any, market activity for the asset or liability. Therefore, we must make certain assumptions about the inputs a hypothetical market participant would use to value that asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS The following table presents information about assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value measurement based on the observability of the inputs used: September 30, 2022 Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total (in millions) Assets: Bonds available for sale: U.S. government and government sponsored entities $ — $ 1,212 $ — $ — $ — $ 1,212 Obligations of states, municipalities and political subdivisions — 5,198 785 — — 5,983 Non-U.S. governments — 4,165 — — — 4,165 Corporate debt — 98,668 2,811 — — 101,479 RMBS (b) — 5,966 5,827 — — 11,793 CMBS — 9,148 684 — — 9,832 CLO (c) — 5,322 1,628 — — 6,950 ABS — 1,061 8,564 — — 9,625 Total bonds available for sale — 130,740 20,299 — — 151,039 Other bond securities: Obligations of states, municipalities and political subdivisions — 37 — — — 37 Non-U.S. governments — 21 — — — 21 Corporate debt — 1,348 550 — — 1,898 RMBS (d) — 73 119 — — 192 CMBS — 203 27 — — 230 CLO (e) — 235 1,366 — — 1,601 ABS — 68 728 — — 796 Total other bond securities — 1,985 2,790 — — 4,775 Equity securities 74 56 14 — — 144 Other invested assets (f) — — 1,690 — — 1,690 Derivative assets: Interest rate contracts 4 1,493 205 — — 1,702 Foreign exchange contracts — 2,262 — — — 2,262 Equity contracts 14 384 156 — — 554 Credit contracts — — — — — — Other contracts — — 16 — — 16 Counterparty netting and cash collateral — — — (3,359) (831) (4,190) Total derivative assets 18 4,139 377 (3,359) (831) 344 Short-term investments 35 1,572 — — — 1,607 Separate account assets 77,683 3,619 — — — 81,302 Total $ 77,810 $ 142,111 $ 25,170 $ (3,359) $ (831) $ 240,901 Liabilities: Policyholder contract deposits (g) $ — $ 140 $ 6,361 $ — $ — $ 6,501 Derivative liabilities: Interest rate contracts — 3,198 — — — 3,198 Foreign exchange contracts — 264 — — — 264 Equity contracts 4 77 3 — — 84 Credit contracts — — — — — — Other contracts — — — — — — Counterparty netting and cash collateral — — — (3,359) (104) (3,463) Total derivative liabilities 4 3,539 3 (3,359) (104) 83 Fortitude Re funds withheld payable (h) — — 797 — — 797 Debt of consolidated investment entities — — 5 — — 5 Total $ 4 $ 3,679 $ 7,166 $ (3,359) $ (104) $ 7,386 December 31, 2021 (in millions) Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total Assets: Bonds available for sale: U.S. government and government sponsored entities $ — $ 1,712 $ — $ — $ — $ 1,712 Obligations of states, municipalities and political subdivisions — 7,281 1,395 — — 8,676 Non-U.S. governments 7 6,390 — — — 6,397 Corporate debt — 138,156 1,907 — — 140,063 RMBS (b) — 7,363 7,595 — — 14,958 CMBS — 10,228 1,072 — — 11,300 CLO (c) — 4,364 3,038 — — 7,402 ABS — 660 7,400 — — 8,060 Total bonds available for sale 7 176,154 22,407 — — 198,568 Other bond securities: Obligations of states, municipalities and political subdivisions — 50 — — — 50 Non-U.S. governments — 17 — — — 17 Corporate debt — 866 134 — — 1,000 RMBS (d) — 93 106 — — 199 CMBS — 201 33 — — 234 CLO (e) — 134 149 — — 283 ABS — 94 205 — — 299 Total other bond securities — 1,455 627 — — 2,082 Equity securities 238 2 2 — — 242 Other invested assets (f) — — 1,892 — — 1,892 Derivative assets: Interest rate contracts — 1,911 — — — 1,911 Foreign exchange contracts — 672 — — — 672 Equity contracts 7 4,184 479 — — 4,670 Credit contracts — — 1 — — 1 Other contracts — 1 12 — — 13 Counterparty netting and cash collateral — — — (5,785) (798) (6,583) Total derivative assets 7 6,768 492 (5,785) (798) 684 Short-term investments 1 1,454 — — — 1,455 Separate account assets 105,221 3,890 — — — 109,111 Total $ 105,474 $ 189,723 $ 25,420 $ (5,785) $ (798) $ 314,034 Liabilities: Policyholder contract deposits (g) $ — $ 130 $ 9,694 $ — $ — $ 9,824 Derivative liabilities: Interest rate contracts 1 1,575 — — — 1,576 Foreign exchange contracts — 366 — — — 366 Equity contracts 1 4,048 22 — — 4,071 Credit contracts — — — — — — Other contracts — — — — — — Counterparty netting and cash collateral — — — (5,785) (37) (5,822) Total derivative liabilities 2 5,989 22 (5,785) (37) 191 Fortitude Re funds withheld payable (h) — — 7,974 — — 7,974 Debt of consolidated investment entities — — 5 — — 5 Total $ 2 $ 6,119 $ 17,695 $ (5,785) $ (37) $ 17,994 (a) Represents netting of derivative exposures covered by qualifying master netting agreements. (b) Includes investments in RMBS issued by related parties of $37 million and $2 million classified as Level 2 and Level 3, respectively, as of September 30, 2022. Additionally, includes investments in RMBS issued by related parties of $38 million and $9 million classified as Level 2 and Level 3, respectively, as of December 31, 2021. (c) Includes investments in CDOs issued by related parties of $0 and $862 million as of September 30, 2022 and December 31, 2021, respectively. The $862 million of CDOs are classified as Level 3. (d) Includes less than $1 million of investments in RMBS issued by related parties classified as Level 2 as of September 30, 2022 and December 31, 2021. (e) Includes investments in CDOs issued by special purpose entities of $1.3 billion as of September 30, 2022. The $1.3 billion of CDOs are classified as Level 3. No investments in CDOs issued by special purpose entities were held as of December 31, 2021. (f) Excludes investments that are measured at fair value using the net asset value (“NAV”) per share (or its equivalent), which totaled $5.9 billion and $5.2 billion as of September 30, 2022 and December 31, 2021, respectively. (g) Excludes basis adjustments for fair value hedges. (h) As discussed in Note 7 , the Fortitude Re funds withheld payable is created through modco and funds withheld reinsurance arrangements where the investments supporting the reinsurance agreements are withheld by and continue to reside on Corebridge’s balance sheet. This embedded derivative is valued as a total return swap with reference to the fair value of the invested assets held by Corebridge, which are primarily available-for-sale securities. CHANGES IN LEVEL 3 RECURRING FAIR VALUE MEASUREMENTS The following tables present changes during the three- and nine-month periods ended September 30, 2022 and 2021 in Level 3 assets and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses) related to the Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets at September 30, 2022 and 2021: (in millions) Fair Value Net Other Purchases, Gross Gross Other (a) Fair Value Changes in Changes in Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, $ 931 $ — $ (106) $ (34) $ 1 $ (7) $ — $ 785 $ — $ (165) Corporate debt 1,836 (28) (32) (207) 1,360 (118) — 2,811 — (42) RMBS 6,144 73 (203) (179) 1 (9) — 5,827 — (177) CMBS 766 — (28) (55) 12 (11) — 684 — (37) CLO 2,798 (52) (3) (320) 222 (316) (701) 1,628 — (36) ABS 8,304 22 (416) 547 107 — — 8,564 — (450) Total bonds available for sale 20,779 15 (788) (248) 1,703 (461) (701) 20,299 — (907) Other bond securities: Corporate debt 461 (4) — 65 29 (1) — 550 (7) — RMBS 119 (4) — 4 — — — 119 (4) — CMBS 29 (2) — — — — — 27 (3) — CLO 130 20 — (125) 12 (16) 1,345 1,366 (2) — ABS 704 (30) — 54 — — — 728 (36) — Total other bond securities 1,443 (20) — (2) 41 (17) 1,345 2,790 (52) — Equity securities 7 — — 7 — — — 14 — — Other invested assets 1,803 58 (25) (124) — (22) — 1,690 39 — Total $ 24,032 $ 53 $ (813) $ (367) $ 1,744 $ (500) $ 644 $ 24,793 $ (13) $ (907) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 6,971 $ (937) $ — $ 327 $ — $ — $ — $ 6,361 $ 949 $ — Derivative liabilities, net: Interest rate contracts (137) (27) — (41) — — — (205) 29 — Foreign exchange contracts — (1) — 1 — — — — 1 — Equity contracts (145) 94 — (102) — — — (153) (89) — Credit contracts — — — — — — — — — — Other contracts (15) (16) — 15 — — — (16) 16 — Total derivative liabilities, net* (297) 50 — (127) — — — (374) (43) — Fortitude Re funds withheld payable 2,349 (1,463) — (89) — — — 797 1,506 — Debt of consolidated investment entities 6 (3) — 2 — — — 5 — — Total $ 9,029 $ (2,353) $ — $ 113 $ — $ — $ — $ 6,789 $ 2,412 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Three Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, $ 1,903 $ 1 $ (4) $ 24 $ — $ (61) $ (88) $ 1,775 $ — $ (4) Corporate debt 1,993 — (6) (70) 52 — — 1,969 — (6) RMBS 7,595 75 — (275) 8 (4) — 7,399 — — CMBS 967 4 (7) (20) — (20) — 924 — (7) CLO 2,814 — 135 (303) 50 (275) — 2,421 — 135 ABS 5,678 19 (30) 411 — — — 6,078 — (30) Total bonds available for sale 20,950 99 88 (233) 110 (360) (88) 20,566 — 88 Other bond securities: Corporate debt — — — — — — — — — — RMBS 72 1 — (5) — — — 68 — — CMBS 44 — — (10) — — — 34 (2) — CLO 176 2 — (15) — — — 163 (7) — ABS — — — — — — — — — — Total other bond securities 292 3 — (30) — — — 265 (9) — Equity securities 1 — — — — — — 1 — — Other invested assets 2,041 160 (3) (350) — — — 1,848 147 — Total $ 23,284 $ 262 $ 85 $ (613) $ 110 $ (360) $ (88) $ 22,680 $ 138 $ 88 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 9,386 $ (176) $ — $ 123 $ — $ (47) $ — $ 9,286 $ 370 $ — Derivative liabilities, net: Interest rate contracts (1) (2) — 3 — — — — 2 — Foreign exchange contracts — — — — — — — — — — Equity contracts (482) 58 — 57 — — — (367) (95) — Credit contracts (1) — — (1) — — — (2) (1) — Other contracts (9) (15) — 14 — — — (10) 16 — Total derivative liabilities, net* (493) 41 — 73 — — — (379) (78) — Fortitude Re funds withheld payable 7,293 195 — (33) — — — 7,455 332 — Debt of consolidated investment entities 5 1 — — — — — 6 (154) — Total $ 16,191 $ 61 $ — $ 163 $ — $ (47) $ — $ 16,368 $ 470 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other (a) Fair Value Changes in Changes in Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, $ 1,395 $ 1 $ (527) $ (94) $ 17 $ (7) $ — $ 785 $ — $ (317) Corporate debt 1,907 (45) (146) (190) 1,664 (379) — 2,811 — (149) RMBS 7,595 231 (908) (672) 1 (420) — 5,827 — (843) CMBS 1,072 13 (127) 20 12 (306) — 684 — (130) CLO 3,038 (71) (167) (238) 1,254 (1,487) (701) 1,628 — (167) ABS 7,400 62 (1,237) 2,252 107 (20) — 8,564 — (1,321) Total bonds available for sale 22,407 191 (3,112) 1,078 3,055 (2,619) (701) 20,299 — (2,927) Other bond securities: Corporate debt 134 (9) — 190 251 (16) — 550 (8) — RMBS 105 (13) — 27 — — — 119 (24) — CMBS 33 (6) — — — — — 27 (5) — CLO 150 (1) — (131) 68 (65) 1,345 1,366 (264) — ABS 204 (72) — 596 — — — 728 (94) — Total other bond securities 626 (101) — 682 319 (81) 1,345 2,790 (395) — Equity securities 2 — — 11 1 — — 14 — — Other invested assets 1,892 301 (51) (295) 24 (181) — 1,690 310 — Total $ 24,927 $ 391 $ (3,163) $ 1,476 $ 3,399 $ (2,881) $ 644 $ 24,793 $ (85) $ (2,927) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 9,694 $ (4,056) $ — $ 723 $ — $ — $ — $ 6,361 $ 4,302 $ — Derivative liabilities, net: Interest rate contracts — (22) — (183) — — — (205) 21 — Foreign exchange contracts — (1) — 1 — — — — 1 — Equity contracts (458) 482 — (177) — — — (153) (272) — Credit contracts — 1 — (1) — — — — — — Other contracts (12) (46) — 42 — — — (16) 47 — Total derivative liabilities, net (b) (470) 414 — (318) — — — (374) (203) — Fortitude Re funds withheld payable 7,974 (6,694) — (483) — — — 797 7,009 — Debt of consolidated investment entities 5 — — — — — — 5 — — Total $ 17,203 $ (10,336) $ — $ (78) $ — $ — $ — $ 6,789 $ 11,108 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Nine Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, $ 2,057 $ 5 $ (33) $ (80) $ — $ (86) $ (88) $ 1,775 $ — $ (12) Corporate debt 1,709 11 2 63 322 (138) — 1,969 — (4) RMBS 8,104 295 7 (977) 8 (38) — 7,399 — 28 CMBS 886 20 (37) 102 52 (99) — 924 — (22) CLO 3,362 (4) 4 (734) 636 (843) — 2,421 — 6 ABS 5,526 26 (6) 532 — — — 6,078 — 10 Total bonds available for sale 21,644 353 (63) (1,094) 1,018 (1,204) (88) 20,566 — 6 Other bond securities: Corporate debt — — — — — — — — — — RMBS 96 5 — (33) — — — 68 2 — CMBS 45 1 — (17) 5 — — 34 (1) — CLO 193 8 — (38) — — — 163 (7) — ABS — — — — — — — — — — Total other bond securities 334 14 — (88) 5 — — 265 (6) — Equity securities 42 11 — (121) 70 (1) — 1 — — Other invested assets 1,771 416 (10) (329) — — — 1,848 388 — Total $ 23,791 $ 794 $ (73) $ (1,632) $ 1,093 $ (1,205) $ (88) $ 22,680 $ 382 $ 6 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 10,038 $ (1,102) $ — $ 397 $ — $ (47) $ — $ 9,286 $ 1,923 $ — Derivative liabilities, net: Interest rate contracts — (3) — 3 — — — — 1 — Foreign exchange contracts — — — — — — — — — — Equity contracts (146) 48 — (202) (113) 46 — (367) (86) — Credit contracts (2) 8 — (8) — — — (2) (1) — Other contracts (7) (46) — 43 — — — (10) 48 — Total derivative liabilities, net (b) (155) 7 — (164) (113) 46 — (379) (38) — Fortitude Re funds withheld payable 7,749 29 — (323) — — — 7,455 1,570 — Debt of consolidated investment entities 951 178 — (1,123) — — — 6 (154) — Total $ 18,583 $ (888) $ — $ (1,213) $ (113) $ (1) $ — $ 16,368 $ 3,301 $ — (a) On September 9, 2022, certain of our insurance companies purchased from AIG senior debt issued by, as well as 100% of the ownership interests in, special purpose entities that held collateralized debt obligations. As a result of these transactions, we own all of the interests related to these investments and consolidate them in our financial statements. (b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities shown above are reported in the Condensed Consolidated Statements of Income (Loss) as follows: (in millions) Policy Net Investment Income Net Realized and Unrealized Gains Interest Expense Total Three Months Ended September 30, 2022 Assets: Bonds available for sale $ — $ 68 $ (53) $ — $ 15 Other bond securities — (20) — — (20) Equity securities — — — — — Other invested assets — 58 — — 58 Three Months Ended September 30, 2021 Assets: Bonds available for sale $ — $ 106 $ (7) $ — $ 99 Other bond securities — 3 — — 3 Equity securities — — — — — Other invested assets — 165 (5) — 160 Nine Months Ended September 30, 2022 Assets: Bonds available for sale $ — $ 291 $ (100) $ — $ 191 Other bond securities — (101) — — (101) Equity securities — — — — — Other invested assets — 301 — — 301 Nine Months Ended September 30, 2021 Assets: Bonds available for sale $ — $ 354 $ (1) $ — $ 353 Other bond securities — 14 — — 14 Equity securities — 11 — — 11 Other invested assets — 405 11 — 416 (in millions) Policy Net Investment Income Net Realized and Unrealized Gains Interest Expense Total Three Months Ended September 30, 2022 Liabilities: Policyholder contract deposits $ — $ — $ 937 $ — $ 937 Derivative liabilities, net 17 — (67) — (50) Fortitude Re funds withheld payable — — 1,463 — 1,463 Debt of consolidated investment entities — — — (3) (3) Three Months Ended September 30, 2021 Liabilities: Policyholder contract deposits $ — $ — $ 176 $ — $ 176 Derivative liabilities, net 15 — (56) — (41) Fortitude Re funds withheld payable — — (195) — (195) Debt of consolidated investment entities — — — 1 1 Nine Months Ended September 30, 2022 Liabilities: Policyholder contract deposits $ — $ — $ 4,056 $ — $ 4,056 Derivative liabilities, net 46 — (460) — (414) Fortitude Re funds withheld payable — — 6,694 — 6,694 Debt of consolidated investment entities — — — — — Nine Months Ended September 30, 2021 Liabilities: Policyholder contract deposits $ — $ — $ 1,102 $ — $ 1,102 Derivative liabilities, net 44 — (51) — (7) Fortitude Re funds withheld payable — — (29) — (29) Debt of consolidated investment entities* — — — 178 178 * For the three months ended September 30, 2021, there was no loss on extinguishment of debt, and $1 million of interest expense. For the nine-month period ended September 30, 2021, includes $145 million of loss on extinguishment of debt, and $33 million of interest expense. The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three- and nine-month periods ended September 30, 2022 and 2021 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets: (in millions) Purchases Sales Issuances Purchases, Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ — $ (34) $ (34) Corporate debt 21 (39) (189) (207) RMBS 56 — (235) (179) CMBS — — (55) (55) CLO 165 (25) (460) (320) ABS 416 — 131 547 Total bonds available for sale 658 (64) (842) (248) Other bond securities: Corporate debt 4 (3) 64 65 RMBS 7 — (3) 4 CMBS — — — — CLO 1 (123) (3) (125) ABS 62 — (8) 54 Total other bond securities 74 (126) 50 (2) Equity securities 6 — 1 7 Other invested assets 28 — (152) (124) Total assets $ 766 $ (190) $ (943) $ (367) (in millions) Purchases Sales Issuances Purchases, Liabilities: Policyholder contract deposits $ — $ 294 $ 33 $ 327 Derivative liabilities, net (126) — (1) (127) Fortitude Re funds withheld payable — — (89) (89) Debt of consolidated investment entities — — 2 2 Total liabilities $ (126) $ 294 $ (55) $ 113 Three Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 31 $ — $ (7) $ 24 Corporate debt — (35) (35) (70) RMBS 141 — (416) (275) CMBS 1 (3) (18) (20) CLO 168 119 (590) (303) ABS 560 — (149) 411 Total bonds available for sale 901 81 (1,215) (233) Other bond securities: Corporate debt — — — — RMBS — — (5) (5) CMBS — (10) — (10) CLO — — (15) (15) ABS — — — — Total other bond securities — (10) (20) (30) Equity securities — — — — Other invested assets 31 — (381) (350) Total assets $ 932 $ 71 $ (1,616) $ (613) Liabilities: Policyholder contract deposits $ — $ 217 $ (94) $ 123 Derivative liabilities, net 71 — 2 73 Fortitude Re funds withheld payable — — (33) (33) Debt of consolidated investment entities (4) — 4 — Total liabilities $ 67 $ 217 $ (121) $ 163 (in millions) Purchases Sales Issuances Purchases, Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ (59) $ (35) $ (94) Corporate debt 25 (39) (176) (190) RMBS 327 — (999) (672) CMBS 98 — (78) 20 CLO 337 (25) (550) (238) ABS 2,365 — (113) 2,252 Total bonds available for sale 3,152 (123) (1,951) 1,078 Other bond securities: Corporate debt 29 (3) 164 190 RMBS 38 — (11) 27 CMBS — — — — CLO 14 (123) (22) (131) ABS 610 — (14) 596 Total other bond securities 691 (126) 117 682 Equity securities 10 — 1 11 Other invested assets 537 — (832) (295) Total assets $ 4,390 $ (249) $ (2,665) $ 1,476 Liabilities: Policyholder contract deposits $ — $ 763 $ (40) $ 723 Derivative liabilities, net (290) — (28) (318) Fortitude Re funds withheld payable — — (483) (483) Debt of consolidated investment entities — — — — Total liabilities $ (290) $ 763 $ (551) $ (78) Nine Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 37 $ (24) $ (93) $ (80) Corporate debt 427 (36) (328) 63 RMBS 260 — (1,237) (977) CMBS 149 (3) (44) 102 CLO 437 119 (1,290) (734) ABS 1,302 (21) (749) 532 Total bonds available for sale 2,612 35 (3,741) (1,094) Other bond securities: Corporate debt — — — — RMBS — — (33) (33) CMBS — (17) — (17) CLO — — (38) (38) ABS — — — — Total other bond securities — (17) (71) (88) Equity securities — — (121) (121) Other invested assets 423 — (752) (329) Total assets $ 3,035 $ 18 $ (4,685) $ (1,632) Liabilities: Policyholder contract deposits $ — $ 606 $ (209) $ 397 Derivative liabilities, net (76) — (88) (164) Fortitude Re funds withheld payable — — (323) (323) Debt of consolidated investment entities — — (1,123) (1,123) Total liabilities $ (76) $ 606 $ (1,743) $ (1,213) * There were no issuances during the three- and nine-month periods ended September 30, 2022 and 2021. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3 in the tables above. As a result, the unrealized gains (losses) on instruments held at September 30, 2022 and 2021 may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable inputs (e.g., changes in unobservable long-dated volatilities). Transfers of Level 3 Assets and Liabilities We record transfers of assets and liabilities into or out of Level 3 at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. The net realized and unrealized gains (losses) included in net income (loss) or Other comprehensive income (loss) as shown in the table above excludes $(26) million and $(8) million of net gains (losses) related to assets transferred into Level 3 during the three months ended September 30, 2022 and 2021 and $(79) million and $(26) million of net gains (losses) related to assets transferred into Level 3 during the nine months ended September 30, 2022 and 2021, respectively, and includes $(30) million and $11 million of net gains (losses) related to assets transferred out of Level 3 during the three months ended September 30, 2022 and 2021 and $(113) million and $4 million of net gains (losses) related to assets transferred out of Level 3 during the nine months ended September 30, 2022 and 2021, respectively. Transfers of Level 3 Assets During the three- and nine-month periods ended September 30, 2022 and 2021, transfers into Level 3 assets primarily included certain investments in private placement corporate debt, commercial mortgage backed securities (“CMBS”), collateralized loan obligation (“CLO”) and ABS. Transfers of private placement corporate debt and certain ABS into Level 3 assets were primarily the result of limited market pricing information that required us to determine fair value for these securities based on inputs that are adjusted to better reflect our own assumptions regarding the characteristics of a specific security or associated market liquidity. The transfers of investments in CMBS, CLO and certain ABS into Level 3 assets were due to diminished market transparency and liquidity for individual security types. During the three- and nine-month periods ended September 30, 2022 and 2021, transfers out of Level 3 assets primarily included private placement and other corporate debt, CMBS, RMBS, CLO, ABS and certain investments in municipal securities. Transfers of certain investments in municipal securities, corporate debt, RMBS, CMBS and CLO and ABS out of Level 3 assets were based on consideration of market liquidity as well as related transparency of pricing and associated observable inputs for these investments. Transfers of certain investments in private placement corporate debt and certain ABS out of Level 3 assets were primarily the result of using observable pricing information that reflects the fair value of those securities without the need for adjustment based on our own assumptions regarding the characteristics of a specific security or the current liquidity in the market. Transfers of Level 3 Liabilities There were no significant transfers of derivative or other liabilities into or out of Level 3 for the three- and nine-month periods ended September 30, 2022. During the three- and nine-month periods ended September 30, 2021, transfers of Level 3 liabilities primarily included certain equity derivatives. QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASUREMENTS The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments, and includes only those instruments for which information about the inputs is reasonably available to us, such as data from independent third-party valuation service providers and from internal valuation models. Because input information from third parties with respect to certain Level 3 instruments (primarily CLO/ABS) may not be reasonably available to us, balances shown below may not equal total amounts reported for such Level 3 assets and liabilities: (in millions) Fair Value at September 30, 2022 Valuation Unobservable Input (a) Range (Weighted Average) (b) Assets: Obligations of states, municipalities and political subdivisions $ 785 Discounted cash flow Yield 5.28%-5.97% (5.63%) Corporate debt 2,947 Discounted cash flow Yield 3.78% - 13.63% (8.70%) RMBS (c) 3,916 Discounted cash flow Constant prepayment rate 4.76% - 9.91% (7.34%) Loss severity 44.68% - 76.50% (60.59%) Constant default rate 0.85% - 2.73% (1.79%) Yield 5.55% - 7.20% (6.38%) CLO (c) 1,595 Discounted cash flow Yield 7.38% - 8.95% (8.16%) ABS (c) 6,485 Discounted cash flow Yield 5.71% - 7.36% (6.54%) CMBS 544 Discounted cash flow Yield 5.12% - 9.40% (7.26%) Liabilities (d) : Embedded derivatives within Policyholder contract deposits: Variable annuity guaranteed minimum withdrawal benefits (GMWB) 698 Discounted cash flow Equity volatility 6.05%- 48.05% Base lapse rate 0.16%- 12.60% Dynamic lapse multiplier (e) 20.00%- 186.00% Mortality multiplier (e)(f) 38.00%- 147.00% Utilization 90.00%- 100.00% Equity/interest-rate correlation 10.00%- 30.00% NPA (g) 0.13% - 2.29% Fixed index annuities including certain GMWBs 5,095 Discounted cash flow Lapse rate 0.50% - 50.00% Dynamic lapse multiplier 20.00% - 186.00% Mortality multiplier (f) 24.00% - 180.00% Utilization (h) 60.00% - 95.00% Option budget 0.00% - 5.00% Equity volatility 6.05%- 48.05% NPA (g) 0.13% - 2.29% Index Life 555 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 6.20%- 26.11% NPA (g) 0.13% - 2.29% (in millions) Fair Value at December 31, 2021 Valuation Unobservable Input (a) Range (Weighted Average) (b) Assets: Obligations of states, municipalities and political subdivisions $ 1,364 Discounted cash flow Yield 2.92% - 3.27% (3.10%) Corporate debt 1,789 Discounted cash flow Yield 1.75% - 7.05% (4.40%) RMBS (c) 7,141 Discounted cash flow Constant prepayment 5.18% - 18.41% (11.79%) Loss severity 24.87% - 72.64% (48.75%) Constant default rate 1.01% - 5.74% (3.37%) Yield 1.72% - 4.08% (2.90%) CLO (c) 3,174 Discounted cash flow Yield 2.94% - 4.93% (3.94%) ABS (c) 5,077 Discounted cash flow Yield 1.89% - 3.36% (2.63%) CMBS 887 Discounted cash flow Yield 1.54% - 4.49% (3.02%) Liabilities (d) : Embedded derivatives within Policyholder contract deposits: Variable annuity GMWB 2,472 Discounted cash flow Equity volatility 5.95% - 46.65% Base lapse rate 0.16% - 12.60% Dynamic lapse multiplier (e) 20.00% - 186.00% Mortality multiplier (e)(f) 38.00% - 147.00% Utilization 90.00% – 100.00% Equity/interest-rate correlation 20.00% - 40.00% NPA (g) 0.01% - 1.40% Fixed index annuities including certain GMWBs 6,445 Discounted cash flow Lapse rate 0.50% - 50.00% Dynamic lapse 20.00% - 186.00% Mortality multiplier (f) 24.00% - 180.00% Utilization (h) 60.00% - 95.00% Option budget 0.00% - 4.00% NPA (g) 0.01% - 1.40% Index Life 765 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% NPA (g) 0.01% - 1.40% (a) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (b) The weighted averaging for fixed maturity securities is based on the estimated fair value of the securities. Because the valuation methodology for embedded derivatives within policyholder contract deposits uses a range of inputs that vary at the contract level over the cash flow projection period, management believes that presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. Information received from third-party valuation service providers. (c) Information received from third-party valuation service providers. The ranges of the unobservable inputs for constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CLO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us because there are other factors relevant to the fair values of specific tranches owned by us, including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points. (d) The Fortitude Re funds withheld payable has been excluded from the above table. As discussed in Note 7 , the Fortitude Re funds withheld payable is created through modified coinsurance (“modco”) and funds withheld reinsurance arrangements where the investments supporting the reinsurance agreements are withheld by and continue to reside on Corebridge’s balance sheet. This embedded derivative is valued as a total return swap with reference to the fair value of the invested assets held by Corebridge. Accordingly, the unobservable inputs utilized in the valuation of the embedded derivative are a component of the invested assets supporting the reinsurance agreements that are held on Corebridge’s balance sheet. (e) The ranges for these inputs vary due to the different GMWB product specification and policyholder characteristics across in force policies. Policyholder characteristics that affect these ranges include age, policy duration, and gender. (f) Mortality inputs are shown as multipliers of the 2012 Individual Annuity Mortality Basic table. (g) The non-performance risk adjustment (“NPA”) applied as a spread over risk-free curve for discounting. (h) The partial withdrawal utilization unobservable input range shown applies only to policies with GMWB riders that are accounted for as an embedded derivative. The total embedded derivative liability at September 30, 2022 is approximately $0.9 billion. The remaining GMWB riders on the fixed index annuities are valued under the a

Investments

Investments	9 Months Ended
	Sep. 30, 2022
Equity Method Investments, Joint Ventures, Investments, Debt And Equity Securities [Abstract]
Investments	Investments SECURITIES AVAILABLE FOR SALE The following table presents the amortized cost or cost and fair value of our available-for-sale securities: (in millions) Amortized Cost or Costs (a) Allowance for Credit Losses (b) Gross Gross Fair Value (a) September 30, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 1,398 $ — $ 17 $ (203) $ 1,212 Obligations of states, municipalities and political subdivisions 6,904 — 40 (961) 5,983 Non-U.S. governments 5,251 (5) 19 (1,100) 4,165 Corporate debt 122,773 (65) 605 (21,834) 101,479 Mortgage-backed, asset-backed and collateralized: RMBS 12,011 (22) 645 (841) 11,793 CMBS 10,885 — 9 (1,062) 9,832 CLO 7,382 (1) 34 (465) 6,950 ABS 10,795 — 16 (1,186) 9,625 Total mortgage-backed, asset-backed and collateralized 41,073 (23) 704 (3,554) 38,200 Total bonds available for sale (c) $ 177,399 $ (93) $ 1,385 $ (27,652) $ 151,039 December 31, 2021 Bonds available for sale: U.S. government and government sponsored entities $ 1,406 $ — $ 306 $ — $ 1,712 Obligations of states, municipalities and political subdivisions 7,321 — 1,362 (7) 8,676 Non-U.S. governments 6,026 — 495 (124) 6,397 Corporate debt 128,417 (72) 12,674 (956) 140,063 Mortgage-backed, asset-backed and collateralized: RMBS 13,236 (6) 1,762 (34) 14,958 CMBS 10,903 — 451 (54) 11,300 CLO 7,382 — 73 (53) 7,402 ABS 7,902 — 205 (47) 8,060 Total mortgage-backed, asset-backed and collateralized 39,423 (6) 2,491 (188) 41,720 Total bonds available for sale (c) $ 182,593 $ (78) $ 17,328 $ (1,275) $ 198,568 (a) The table above includes available-for-sale securities issued by related parties. This includes RMBS which had a fair value of $39 million and $47 million, and an amortized cost of $43 million and $44 million as of September 30, 2022 and December 31, 2021, respectively. Additionally, this includes CDOs which had a fair value of $862 million and an amortized cost of $823 million as of December 31, 2021. There were no available-for-sale CDO securities issued by related parties as of September 30, 2022. (b) Represents the allowance for credit losses that have been recognized. Changes in the allowance for credit losses are recorded through Net realized gains (losses) and are not recognized in Other comprehensive income (loss). (c) At September 30, 2022 and December 31, 2021, bonds available for sale held by us that were below investment grade or not rated totaled $16.9 billion and $20.4 billion, respectively. Securities Available for Sale in a Loss Position for Which No Allowance for Credit Loss Has Been Recorded The following table summarizes the fair value and gross unrealized losses on our available-for-sale securities, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit loss has been recorded: 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 September 30, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 779 $ 203 $ — $ — $ 779 $ 203 Obligations of states, municipalities and political subdivisions 5,198 958 6 3 5,204 961 Non-U.S. governments 3,507 896 327 193 3,834 1,089 Corporate debt 85,210 19,094 7,229 2,674 92,439 21,768 RMBS 6,610 763 95 20 6,705 783 CMBS 9,346 1,046 105 16 9,451 1,062 CLO 6,473 437 227 29 6,700 466 ABS 8,801 1,125 253 61 9,054 1,186 Total bonds available for sale $ 125,924 $ 24,522 $ 8,242 $ 2,996 $ 134,166 $ 27,518 December 31, 2021 Bonds available for sale: U.S. government and government sponsored entities $ — $ — $ — $ — $ — $ — Obligations of states, municipalities and political subdivisions 201 4 48 3 249 7 Non-U.S. governments 1,198 58 376 66 1,574 124 Corporate debt 19,916 513 6,922 387 26,838 900 RMBS 1,235 30 27 2 1,262 32 CMBS 2,498 36 79 18 2,577 54 CLO 3,829 48 21 5 3,850 53 ABS 2,540 43 140 4 2,680 47 Total bonds available for sale $ 31,417 $ 732 $ 7,613 $ 485 $ 39,030 $ 1,217 At September 30, 2022, we held 16,256 individual fixed maturity securities that were in an unrealized loss position and for which no allowance for credit losses has been recorded (including 1,678 individual fixed maturity securities that were in a continuous unrealized loss position for 12 months or more). At December 31, 2021, we held 4,944 individual fixed maturity securities that were in an unrealized loss position (including 1,179 individual fixed maturity securities were in a continuous unrealized loss position for 12 months or more). We did not recognize the unrealized losses in earnings on these fixed maturity securities at September 30, 2022 because it was determined that such losses were due to non-credit factors. Additionally, we neither intend to sell the securities nor do we believe that it is more likely than not that we will be required to sell these securities before recovery of their amortized cost basis. For fixed maturity securities with significant declines, we performed fundamental credit analyses on a security-by-security basis, which included consideration of credit enhancements, liquidity position, expected defaults, industry and sector analysis, forecasts and available market data. Contractual Maturities of Fixed Maturity Securities Available for Sale The following table presents the amortized cost and fair value of fixed maturity securities available for sale by contractual maturity: Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value September 30, 2022 Due in one year or less $ 2,212 $ 2,188 Due after one year through five years 21,082 20,101 Due after five years through ten years 28,677 25,378 Due after ten years 84,285 65,172 Mortgage-backed, asset-backed and collateralized 41,050 38,200 Total $ 177,306 $ 151,039 Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations with or without call or prepayment penalties. The following table presents the gross realized gains and gross realized losses from sales or maturities of our available-for-sale securities: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Gross Gross Gross Gross Gross Gross Gross Gross Fixed maturity securities $ 11 $ (115) $ 177 $ (9) $ 104 $ (593) $ 677 $ (99) For the three- and nine-month periods ended September 30, 2022, the aggregate fair value of available for sale securities sold was $1.0 billion and $8.6 billion, respectively, which resulted in net realized gains (losses) of $(104) million and $(489) million, respectively. Included within the net realized gains (losses) are $(62) million and $(185) million of realized gains (losses) for the three- and nine-month periods ended September 30, 2022, respectively, which relate to the Fortitude Re funds withheld assets held by Corebridge in support of Fortitude Re’s reinsurance obligations to Corebridge (Fortitude Re funds withheld assets). These realized gains (losses) are included in net realized gains (losses) on Fortitude Re funds withheld assets. For the three- and nine-month periods ended September 30, 2021, the aggregate fair value of available-for-sale securities sold was $1.6 billion and $7.2 billion, respectively, which resulted in net realized gains (losses) of $168 million and $578 million, respectively. Included within the net realized gains (losses) are $136 million and $491 million of realized gains (losses) for the three- and nine-month periods ended September 30, 2021, respectively, which relate to the Fortitude Re funds withheld assets held by Corebridge in support of Fortitude Re’s reinsurance obligations to Corebridge (Fortitude Re funds withheld assets). These realized gains (losses) are included in net realized gains (losses) on Fortitude Re funds withheld assets. OTHER SECURITIES MEASURED AT FAIR VALUE The following table presents the fair value of fixed maturity securities measured at fair value, including securities in the modco agreement with Fortitude Re, based on our election of the fair value option and equity securities measured at fair value: September 30, 2022 December 31, 2021 (in millions) Fair Value (a) Percent Fair Value (a) Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 37 1 % $ 50 2 % Non-U.S. governments 21 — % 17 1 % Corporate debt 1,898 38 % 1,000 43 % Mortgage-backed, asset-backed and collateralized: RMBS 192 4 % 199 9 % CMBS 230 5 % 234 10 % CLO 1,601 33 % 283 12 % ABS 796 16 % 299 13 % Total mortgage-backed, asset-backed and collateralized 2,819 58 % 1,015 44 % Total fixed maturity securities 4,775 97 % 2,082 90 % Equity securities 144 3 % 242 10 % Total $ 4,919 100 % $ 2,324 100 % (a) The table above includes other securities measured at fair value issued by related parties, which are primarily Corebridge affiliates that are not consolidated. There were no equity securities with related parties as of September 30, 2022 or December 31, 2021. OTHER INVESTED ASSETS The following table summarizes the carrying amounts of other invested assets: (in millions) September 30, 2022 December 31, 2021 Alternative investments (a) (b) $ 7,740 $ 7,527 Investment real estate (c) 1,837 2,349 All other investments (d) 566 691 Total (e) $ 10,143 $ 10,567 (a) At September 30, 2022, included hedge funds of $856 million, and private equity funds of $6.9 billion. At December 31, 2021, included hedge funds of $1.0 billion and private equity funds of $6.5 billion. (b) At September 30, 2022, approximately 63% of our hedge fund portfolio is available for redemption in 2022. The remaining 37% will be available for redemption between 2023 and 2028. At December 31, 2021, approximately 73% of our hedge fund portfolio is available for redemption in 2022. The remaining 27% will be available for redemption between 2023 and 2028. (c) Represents values net of accumulated depreciation of $607 million and $493 million as of September 30, 2022 and December 31, 2021, respectively. The accumulated depreciation related to the investment real estate held by legacy assets owned by us was $123 million and $123 million as of September 30, 2022 and December 31, 2021, respectively. (d) Includes Corebridge’s ownership interest in Fortitude Holdings, which is recorded using the measurement alternative for equity securities. Our investment in Fortitude Holdings totaled $156 million and $100 million at September 30, 2022 and December 31, 2021, respectively. (e) Includes investments in related parties, which totaled $4 million and $11 million as of September 30, 2022 and December 31, 2021, respectively. Other Invested Assets – Equity Method Investments The following table presents the carrying amount and ownership percentage of equity method investments at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 (in millions) Carrying Ownership Carrying Ownership Equity method investments $ 3,239 Various $ 2,797 Various The following table presents the components of Net investment income: Three Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Total Excluding Fortitude Total Available-for-sale fixed maturity securities, including short-term investments $ 1,677 $ 228 $ 1,905 $ 1,776 $ 331 $ 2,107 Other bond securities (62) (120) (182) 1 2 3 Equity securities (5) — (5) (37) — (37) Interest on mortgage and other loans 447 45 492 369 44 413 Alternative investments (a) (6) 11 5 439 75 514 Real estate 13 — 13 95 — 95 Other investments 39 — 39 1 — 1 Total investment income 2,103 164 2,267 2,644 452 3,096 Investment expenses 100 7 107 84 7 91 Net investment income $ 2,003 $ 157 $ 2,160 $ 2,560 $ 445 $ 3,005 Nine Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Total Excluding Fortitude Total Available-for-sale fixed maturity securities, including short-term investments $ 4,949 $ 733 $ 5,682 $ 5,154 $ 980 $ 6,134 Other bond securities (115) (362) (477) 23 8 31 Equity securities (82) — (82) (106) — (106) Interest on mortgage and other loans 1,228 131 1,359 1,091 136 1,227 Alternative investments (a) 625 138 763 1,213 236 1,449 Real estate 34 — 34 201 — 201 Other investments 91 — 91 60 — 60 Total investment income 6,730 640 7,370 7,636 1,360 8,996 Investment expenses 326 23 349 225 24 249 Net investment income $ 6,404 $ 617 $ 7,021 $ 7,411 $ 1,336 $ 8,747 (a) Included income from hedge funds, private equity funds and affordable housing partnerships. Hedge funds are recorded as of the balance sheet date. Private equity funds are generally reported on a one-quarter lag. NET REALIZED GAINS AND LOSSES The following table presents the components of Net realized gains (losses): Three Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (42) $ (62) $ (104) $ 32 $ 136 $ 168 Change in allowance for credit losses on fixed maturity securities (9) 8 (1) (6) 1 (5) Change in allowance for credit losses on loans (40) (22) (62) 19 2 21 Foreign exchange transactions, net of related hedges 522 44 566 141 3 144 Variable annuity embedded derivatives, net of related hedges* 442 — 442 59 — 59 Fixed index annuity and indexed life embedded derivatives, net of related hedges 198 — 198 81 — 81 All other derivatives and hedge accounting 120 (89) 31 1 (24) (23) Sales of alternative investments and real estate investments 137 32 169 200 51 251 Other (2) — (2) 70 — 70 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative 1,326 (89) 1,237 597 169 766 Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 1,463 1,463 — (195) (195) Net realized gains (losses) $ 1,326 $ 1,374 $ 2,700 $ 597 $ (26) $ 571 Nine Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (304) $ (185) $ (489) $ 87 $ 491 $ 578 Change in allowance for credit losses on fixed maturity securities (56) (32) (88) 39 3 42 Change in allowance for credit losses on loans (53) (22) (75) 103 5 108 Foreign exchange transactions, net of related hedges 1,027 82 1,109 278 17 295 Variable annuity embedded derivatives, net of related hedges (a) 1,402 — 1,402 85 — 85 Fixed index annuity and indexed life embedded derivatives, net of related hedges 1,024 — 1,024 150 — 150 All other derivatives and hedge accounting 105 (151) (46) (3) (86) (89) Sales of alternative investments and real estate investments 147 35 182 257 52 309 Other (10) 1 (9) 211 — 211 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative 3,282 (272) 3,010 1,207 482 1,689 Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 6,694 6,694 — (29) (29) Net realized gains (losses) $ 3,282 $ 6,422 $ 9,704 $ 1,207 $ 453 $ 1,660 (a) The variable annuity embedded derivatives are presented net of gains (losses) related to interest rate and equity derivative contracts. CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENTS The following table presents the increase (decrease) in unrealized appreciation (depreciation) of our available-for-sale securities: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ (10,044) $ (1,779) $ (42,320) $ (6,641) Other investments (4) — (4) — Total increase (decrease) in unrealized appreciation (depreciation) of investments $ (10,048) $ (1,779) $ (42,324) $ (6,641) The following table summarizes the unrealized gains and losses recognized in Net investment income during the reporting period on equity securities and other invested assets still held at the reporting date: Three Months Ended September 30, 2022 2021 (in millions) Equities Other Invested Assets Total Equities Other Invested Assets Total Net gains (losses) recognized during the period on equity securities and other investments $ (5) $ (38) $ (43) $ (36) $ 317 $ 281 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 1 6 7 14 18 32 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (6) $ (44) $ (50) $ (50) $ 299 $ 249 Nine Months Ended September 30, 2022 2021 (in millions) Equities Other Invested Assets Total Equities Other Invested Assets Total Net gains (losses) recognized during the period on equity securities and other investments $ (82) $ 308 $ 226 $ (106) $ 986 $ 880 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period (47) (10) (57) (273) 33 (240) Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (35) $ 318 $ 283 $ 167 $ 953 $ 1,120 EVALUATING INVESTMENTS FOR AN ALLOWANCE FOR CREDIT LOSSES Credit Impairments The following table presents a rollforward of the changes in allowance for credit losses on available-for-sale fixed maturity securities by major investment category: Three Months Ended September 30, 2022 2021 (in millions) Structured Non-Structured Total Structured Non-Structured Total Balance, beginning of period $ 19 $ 95 $ 114 $ 9 $ 58 $ 67 Additions: Securities for which allowance for credit losses were not previously recorded 1 15 16 — 19 19 Reductions: Securities sold during the period (1) (11) (12) (1) (12) (13) Additional net increases or decreases to the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery, amortized cost basis 5 (20) (15) (2) (12) (14) Write-offs charged against the allowance — (10) (10) — (2) (2) Balance, end of period $ 24 $ 69 $ 93 $ 6 $ 51 $ 57 Nine Months Ended September 30, 2022 2021 (in millions) Structured Non-Structured Total Structured Non-Structured Total Balance, beginning of period $ 6 $ 72 $ 78 $ 14 $ 117 $ 131 Additions: Securities for which allowance for credit losses were not previously recorded 36 111 147 2 39 41 Reductions: Securities sold during the period (2) (46) (48) (3) (19) (22) Additional net increases or decreases to the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery, amortized cost basis (16) (43) (59) (7) (76) (83) Write-offs charged against the allowance — (25) (25) — (10) (10) Balance, end of period $ 24 $ 69 $ 93 $ 6 $ 51 $ 57 Purchased Credit Deteriorated/Impaired Securities We purchase certain RMBS securities that have experienced more-than-insignificant deterioration in credit quality since origination. Subsequent to the adoption of the Financial Instruments Credit Losses Standard, these are referred to as PCD assets. At the time of purchase an allowance is recognized for these PCD assets by adding it to the purchase price to arrive at the initial amortized cost. There is no credit loss expense recognized upon acquisition of a PCD asset. When determining the initial allowance for credit losses, management considers the historical performance of underlying assets and available market information as well as bond-specific structural considerations, such as credit enhancement and the priority of payment structure of the security. In addition, the process of estimating future cash flows includes, but is not limited to, the following critical inputs: • current delinquency rates; • expected default rates and the timing of such defaults; • loss severity and the timing of any recovery; and • expected prepayment speeds. Subsequent to the acquisition date, the PCD assets follow the same accounting as other structured securities that are not of high credit quality. We did not purchase securities with more-than-insignificant credit deterioration since their origination during the nine months ended September 30, 2022 and 2021. PLEDGED INVESTMENTS Secured Financing and Similar Arrangements We enter into secured financing transactions whereby certain securities are sold under agreements to repurchase (repurchase agreements), in which we transfer securities in exchange for cash, with an agreement by us to repurchase the same or substantially similar securities. Our secured financing transactions also include those that involve the transfer of securities to financial institutions in exchange for cash (securities lending agreements). In all of these secured financing transactions, the securities transferred by us (pledged collateral) may be sold or repledged by the counterparties. These agreements are recorded at their contracted amounts plus accrued interest, other than those that are accounted for at fair value. Pledged collateral levels are monitored daily and are generally maintained at an agreed-upon percentage of the fair value of the amounts borrowed during the life of the transactions. In the event of a decline in the fair value of the pledged collateral under these secured financing transactions, we may be required to transfer cash or additional securities as pledged collateral under these agreements. At the termination of the transactions, we and our counterparties are obligated to return the amounts borrowed and the securities transferred, respectively. The following table presents the fair value of securities pledged to counterparties under secured financing transactions, including repurchase and securities lending agreements: (in millions) September 30, 2022 December 31, 2021 Fixed maturity securities available for sale $ 321 $ 3,582 At September 30, 2022 and December 31, 2021, amounts borrowed under repurchase and securities lending agreements totaled $0.2 billion and $3.7 billion, respectively. The following table presents the fair value of securities pledged under our repurchase agreements by collateral type and by remaining contractual maturity: Remaining Contractual Maturity of the Repurchase Agreements (in millions) Overnight and Continuous Up to 30 Days 31 - 90 Days 91 - 364 Days 365 Days or Greater Total September 30, 2022 Bonds available for sale: U.S. government and government sponsored entities $ — $ 26 $ 50 $ 14 $ — $ 90 Non-U.S. governments 28 — — 28 — 56 Corporate debt 175 — — — — 175 Total $ 203 $ 26 $ 50 $ 42 $ — $ 321 December 31, 2021 Bonds available for sale: U.S. government and government sponsored entities $ — $ — $ — $ — $ — $ — Non-U.S. governments 48 — — — — 48 Corporate debt 128 61 22 — — 211 Total $ 176 $ 61 $ 22 $ — $ — $ 259 The following table presents the fair value of securities pledged under our securities lending agreements by collateral type and by remaining contractual maturity: Remaining Contractual Maturity of the Securities Lending Agreements (in millions) Overnight and Continuous Up to 30 Days 31 - 90 Days 91 - 364 Days 365 Days or Greater Total December 31, 2021 Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ — $ 106 $ — $ — $ 106 Non-U.S. government — — 43 — — 43 Corporate debt — 534 2,640 — — 3,174 Total $ — $ 534 $ 2,789 $ — $ — $ 3,323 There were no securities lending agreements at September 30, 2022. There were no reverse repurchase agreements at September 30, 2022 and December 31, 2021. We do not currently offset any secured financing transactions. All such transactions are collateralized and margined daily consistent with market standards and subject to enforceable master netting arrangements with rights of set off. Insurance – Statutory and Other Deposits The total carrying value of cash and securities deposited by our insurance subsidiaries under requirements of regulatory authorities or other insurance-related arrangements, including certain annuity-related obligations and certain reinsurance treaties, was $2.3 billion and $3.9 billion at September 30, 2022 and December 31, 2021, respectively. Other Pledges and Restrictions Certain of our subsidiaries are members of Federal Home Loan Banks (“FHLBs”) and such membership requires the members to own stock in these FHLBs. We owned an aggregate of $222 million and $193 million of stock in FHLBs at September 30, 2022 and December 31, 2021, respectively. In addition, our subsidiaries have pledged securities available for sale and residential loans associated with borrowings and funding agreements from FHLBs, with a fair value of $4.6 billion and $1.7 billion, respectively, at September 30, 2022 and $3.7 billion and $1.4 billion, respectively, at December 31, 2021. Certain GICs recorded in policyholder contract deposits with a carrying value of $102 million and $76 million at September 30, 2022 and December 31, 2021, respectively, have provisions that require collateral to be posted or payments to be made by us upon a downgrade of our Insurer Financial Strength ratings. The actual amount of collateral required to be posted to the counterparties in the event of such downgrades and the aggregate amount of payments that we could be required to make depend on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade. The fair value of securities pledged as collateral with respect to these obligations was approximately $85 million and $41 million at September 30, 2022 and December 31, 2021, respectively. This collateral primarily consists of securities of the U.S. government and government-sponsored entities and generally cannot be repledged or resold by the counterparties. As part of our collateralized reinsurance transactions, we pledge collateral to cedants. The fair value of securities pledged as excess collateral with respect to these obligations was approximately $137 million and $148 million at September 30, 2022 and December 31, 2021, respectively. Additionally, assets supporting these transactions are held solely for the benefit of the cedants and insulated from obligations owed to our other policyholders and general creditors. Reinsurance transactions between Corebridge and Fortitude Re were structured as modco with funds withheld. For further discussion on the sale of Fortitude Holdings, see Note 7.

Lending Activities

Lending Activities	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Lending Activities	Lending Activities The following table presents the composition of Mortgage and other loans receivable, net: (in millions) September 30, 2022 December 31, 2021 Commercial mortgages (a) $ 31,591 $ 30,528 Residential mortgages 4,901 4,672 Life insurance policy loans 1,767 1,832 Commercial loans, other loans and notes receivable (b) 4,828 2,852 Total mortgage and other loans receivable 43,087 39,884 Allowance for credit losses (c) (548) (496) Mortgage and other loans receivable, net $ 42,539 $ 39,388 (a) Commercial mortgages primarily represent loans for apartments, offices and retail properties, with exposures in New York and California representing the largest geographic concentrations (aggregating approximately 20% and 12%, respectively, at September 30, 2022, and 22% and 10%, respectively, at December 31, 2021). The weighted average loan-to-value ratio for NY and CA was 69% and 52% at September 30, 2022, respectively, and 51% and 53% at December 31, 2021, respectively. The debt service coverage ratio for NY and CA was 2.6X and 2.1X at September 30, 2022, respectively, and 2.0X and 1.9X at December 31, 2021, respectively. (b) Includes loans held for sale which are carried at lower cost or market, determined on an individual loan basis, and are collateralized primarily by apartments. As of September 30, 2022 and December 31, 2021, the net carrying value of these loans was $176 million and $15 million, respectively. (c) Does not include allowance for credit losses of $76 million and $57 million at September 30, 2022 and December 31, 2021, respectively in relation to off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities. Interest income is not accrued when payment of contractual principal and interest is not expected. Any cash received on impaired loans is generally recorded as a reduction of the current carrying amount of the loan. Accrual of interest income is generally resumed when delinquent contractual principal and interest are repaid or when a portion of the delinquent contractual payments are made, and the ongoing required contractual payments have been made for an appropriate period. As of September 30, 2022, $4 million and $671 million of residential mortgage loans and commercial mortgage loans, respectively, were placed on nonaccrual status. As of December 31, 2021, $7 million and $118 million of residential mortgage loans and commercial mortgage loans, respectively, were placed on nonaccrual status. Accrued interest is presented separately and is included in Accrued investment income on the Condensed Consolidated Balance Sheets. As of September 30, 2022, accrued interest receivable was $11 million and $115 million associated with residential mortgage loans and commercial mortgage loans, respectively. As of December 31, 2021, accrued interest receivable was $11 million and $109 million associated with residential mortgage loans and commercial mortgage loans, respectively. A significant majority of commercial mortgages in the portfolio are non-recourse loans and, accordingly, the only guarantees are for specific items that are exceptions to the non-recourse provisions. It is therefore extremely rare for us to have cause to enforce the provisions of a guarantee on a commercial real estate or mortgage loan. Nonperforming loans are generally those loans where payment of contractual principal or interest is more than 90 days past due. Nonperforming mortgages were not significant for all periods presented. CREDIT QUALITY OF COMMERCIAL MORTGAGES The following table presents debt service coverage ratios (a) for commercial mortgages by year of vintage: September 30, 2022 (in millions) 2022 2021 2020 2019 2018 Prior Total >1.2X $ 4,395 $ 1,934 $ 1,676 $ 4,867 $ 3,339 $ 9,768 $ 25,979 1.00 - 1.20X 390 581 397 341 327 1,206 3,242 <1.00X — — 21 52 891 1,406 2,370 Total commercial mortgages $ 4,785 $ 2,515 $ 2,094 $ 5,260 $ 4,557 $ 12,380 $ 31,591 December 31, 2021 (in millions) 2021 2020 2019 2018 2017 Prior Total >1.2X $ 1,861 $ 1,520 $ 4,915 $ 3,300 $ 2,997 $ 9,005 $ 23,598 1.00 - 1.20X 463 810 598 1,030 88 1,684 4,673 <1.00X — 27 71 826 — 1,333 2,257 Total commercial mortgages $ 2,324 $ 2,357 $ 5,584 $ 5,156 $ 3,085 $ 12,022 $ 30,528 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: September 30, 2022 (in millions) 2022 2021 2020 2019 2018 Prior Total Less than 65% $ 4,102 $ 1,998 $ 1,868 $ 3,802 $ 3,003 $ 8,989 $ 23,762 65% to 75% 683 280 200 1,458 1,236 2,277 6,134 76% to 80% — 237 — — — 99 336 Greater than 80% — — 26 — 318 1,015 1,359 Total commercial mortgages $ 4,785 $ 2,515 $ 2,094 $ 5,260 $ 4,557 $ 12,380 $ 31,591 December 31, 2021 (in millions) 2021 2020 2019 2018 2017 Prior Total Less than 65% $ 1,859 $ 1,935 $ 3,912 $ 4,072 $ 2,384 $ 8,264 $ 22,426 65% to 75% 304 396 1,672 1,084 340 2,814 6,610 76% to 80% — — — — 188 259 447 Greater than 80% 161 26 — — 173 685 1,045 Total commercial mortgages $ 2,324 $ 2,357 $ 5,584 $ 5,156 $ 3,085 $ 12,022 $ 30,528 (a) The debt service coverage ratio compares a property’s net operating income to its debt service payments, including principal and interest. Our weighted average debt service coverage ratio was 2.0X at September 30, 2022 and 1.9X at December 31, 2021. The debt service coverage ratios have been updated within the last three months. The debt service coverage ratios are updated when additional information becomes available. (b) The loan-to-value ratio compares the current unpaid principal balance of the loan to the estimated fair value of the underlying property collateralizing the loan. Our weighted average loan-to-value ratio was 57% at September 30, 2022, and 57% at December 31, 2021. The loan-to-value ratios have been updated within the last three to nine months. The following table presents the credit quality performance indicators for commercial mortgages: (dollars in millions) Number Class Percent Apartments Offices Retail Industrial Hotel Others Total (c) September 30, 2022 Credit Quality Performance Indicator: In good standing 602 $ 12,082 $ 8,545 $ 3,190 $ 5,036 $ 1,770 $ 259 $ 30,882 98% Restructured (a) 10 — 334 94 — 104 — 532 2% 90 days or less delinquent 1 — 157 — — — — 157 —% >90 days delinquent or in process of foreclosure 2 — 20 — — — — 20 —% Total (b) 615 $ 12,082 $ 9,056 $ 3,284 $ 5,036 $ 1,874 $ 259 $ 31,591 100% Allowance for credit losses $ 82 $ 230 $ 58 $ 66 $ 23 $ 6 $ 465 1 % December 31, 2021 Credit Quality Performance Indicator: In good standing 613 $ 12,394 $ 8,370 $ 4,026 $ 3,262 $ 1,726 $ 301 $ 30,079 99% Restructured (a) 7 — 269 17 — 104 — 390 1% 90 days or less delinquent — — — — — — — — —% >90 days delinquent or in process of foreclosure 4 — 59 — — — — 59 —% Total (b) 624 $ 12,394 $ 8,698 $ 4,043 $ 3,262 $ 1,830 $ 301 $ 30,528 100% Allowance for credit losses $ 93 $ 193 $ 69 $ 39 $ 23 $ 6 $ 423 1 % (a) Loans that have been modified in troubled debt restructurings and are performing according to their restructured terms. For additional discussion of troubled debt restructurings, see the paragraphs below. (b) Does not reflect allowance for credit losses. (c) Our commercial mortgage loan portfolio is current as to payments of principal and interest, for both periods presented. There were no significant amounts of nonperforming commercial mortgages (defined as those loans where payment of contractual principal or interest is more than 90 days past due) during any of the periods presented. The following table presents credit quality performance indicators for residential mortgages by year of vintage: September 30, 2022 (in millions) 2022 2021 2020 2019 2018 Prior Total FICO*: 780 and greater $ 204 $ 1,938 $ 653 $ 226 $ 76 $ 347 $ 3,444 720 - 779 219 655 163 74 30 113 1,254 660 - 719 13 76 28 15 8 39 179 600 - 659 — 3 2 1 2 10 18 Less than 600 — — — 1 — 5 6 Total residential mortgages $ 436 $ 2,672 $ 846 $ 317 $ 116 $ 514 $ 4,901 December 31, 2021 (in millions) 2021 2020 2019 2018 2017 Prior Total FICO*: 780 and greater $ 1,398 $ 678 $ 284 $ 100 $ 107 $ 325 $ 2,892 720 - 779 1,118 225 83 41 36 94 1,597 660 - 719 44 39 20 11 13 33 160 600 - 659 1 1 2 3 2 6 15 Less than 600 — — — 1 1 6 8 Total residential mortgages $ 2,561 $ 943 $ 389 $ 156 $ 159 $ 464 $ 4,672 *Fair Isaac Corporation (“FICO”) is the credit quality indicator used to evaluate consumer credit risk for residential mortgage loan borrowers and has been updated within the last three months. The following table presents a rollforward of the changes in the allowance for credit losses on Mortgage and other loans receivable: (a) Three Months Ended September 30, 2022 2021 (in millions) Commercial Mortgages Other Loans Total Commercial Mortgages Other Loans Total Allowance, beginning of period $ 414 $ 70 $ 484 $ 460 $ 100 $ 560 Loans charged off — — — (1) — (1) Net charge-offs — — — (1) — (1) Provision for loan losses 51 13 64 (25) 2 (23) Reclassified to held for sale — — — — (31) (31) Allowance, end of period (b) $ 465 $ 83 $ 548 $ 434 $ 71 $ 505 Nine Months Ended September 30, 2022 2021 (in millions) Commercial Mortgages Other Loans Total Commercial Mortgages Other Loans Total Allowance, beginning of period $ 423 $ 73 $ 496 $ 546 $ 111 $ 657 Loans charged off (4) — (4) (1) — (1) Net charge-offs (4) — (4) (1) — (1) Provision for loan losses 46 10 56 (111) (9) (120) Reclassified to held for sale — — — — (31) (31) Allowance, end of period (b) $ 465 $ 83 $ 548 $ 434 $ 71 $ 505 (a) Does not include allowance for credit losses of $76 million and $59 million, respectively, at September 30, 2022 and 2021 in relation to the off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities in the Condensed Consolidated Balance Sheets. (b) Reported in Other assets in the Condensed Consolidated Balance Sheets. As a result of the COVID-19 pandemic, including the significant global economic slowdown and general market decline, our expectations and models used to estimate the allowance for losses on commercial and residential mortgage loans have been updated to reflect the economic environment. The full impact of COVID-19 on real estate valuations remains uncertain and we will continue to review our valuations as further information becomes available. TROUBLED DEBT RESTRUCTURINGS We modify loans to optimize their returns and improve their collectability, among other things. When we undertake such a modification with a borrower that is experiencing financial difficulty and the modification involves us granting a concession to the troubled debtor, the modification is a troubled debt restructuring (“TDR”). We assess whether a borrower is experiencing financial difficulty based on a variety of factors, including the borrower’s current default on any of its outstanding debt, the probability of a default on any of its debt in the foreseeable future without the modification, the insufficiency of the borrower’s forecasted cash flows to service any of its outstanding debt (including both principal and interest) and the borrower’s inability to access alternative third-party financing at an interest rate that would be reflective of current market conditions for a non-troubled debtor. Concessions granted may include extended maturity dates, interest rate changes, principal or interest forgiveness, payment deferrals and easing of loan covenants. During the nine months ended September 30, 2022 and 2021, loans with a carrying value of $143 million and $133 million, respectively, were modified in TDRs.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2022
Insurance [Abstract]
Reinsurance	Reinsurance FORTITUDE RE In February 2018, AGL, VALIC and USL entered into a modco agreement with Fortitude Re, a wholly-owned AIG subsidiary and registered Class 4 and Class E reinsurer in Bermuda. Fortitude Holdings was formed by AIG to act as a holding company for Fortitude Re. These reinsurance transactions between Corebridge and Fortitude Re were structured as modco arrangements. In the modco, the investments supporting the reinsurance agreements, and which reflect the majority of the consideration that would be paid to the reinsurer for entering into the transaction, are withheld by, and therefore continue to reside on the balance sheet of, the ceding company (i.e., Corebridge) thereby creating an obligation for the ceding company to pay the reinsurer (i.e., Fortitude Re) at a later date. Additionally, as Corebridge maintains ownership of these investments, Corebridge will maintain its existing accounting for these assets (e.g., the changes in fair value of available-for-sale securities will be recognized within other comprehensive income (loss)). Corebridge has established a funds withheld payable to Fortitude Re while simultaneously establishing a reinsurance asset representing reserves for the insurance coverage that Fortitude Re has assumed. The funds withheld payable contains an embedded derivative and changes in fair value of the embedded derivative related to the funds withheld payable are recognized in earnings through realized gains (losses). This embedded derivative is considered a total return swap with contractual returns that are attributable to various assets and liabilities associated with these reinsurance agreements. There is a diverse pool of assets supporting the funds withheld arrangements with Fortitude Re. The following summarizes the composition of the pool of assets: September 30, 2022 December 31, 2021 (in millions) Carrying Value Fair Value Carrying Value Fair Value Corresponding Accounting Policy Fixed maturity securities - available for sale $ 16,691 $ 16,691 $ 27,180 $ 27,180 Fair value through other comprehensive income Fixed maturity securities - fair value option 3,137 3,137 1,593 1,593 Fair value through net investment income Commercial mortgage loans 3,479 3,250 3,179 3,383 Amortized cost Real estate investments 139 364 201 395 Amortized cost Private equity funds/hedge funds 1,861 1,861 1,606 1,606 Fair value through net investment income Policy loans 357 357 380 380 Amortized cost Short-term Investments 159 159 50 50 Fair value through net investment income Funds withheld investment assets 25,823 25,819 34,189 34,587 Derivative assets, net (a) 97 97 81 81 Fair value through realized gains (losses) Other (b) 643 643 476 476 Amortized cost Total $ 26,563 $ 26,559 $ 34,746 $ 35,144 (a) The derivative assets and liabilities have been presented net of cash collateral. The derivative assets supporting the Fortitude Re funds withheld arrangements had a fair market value of $355 million and $387 million as of September 30, 2022 and December 31, 2021, respectively. These derivative assets and liabilities are fully collateralized either by cash or securities. (b) Primarily comprised of Cash and Accrued investment income. The impact of the funds withheld arrangements with Fortitude Re was as follows: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Net investment income - Fortitude Re funds withheld assets $ 157 $ 445 $ 617 $ 1,336 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized gains (losses) Fortitude Re funds withheld assets (89) 169 (272) 482 Net realized gains (losses) Fortitude Re funds withheld embedded derivatives 1,463 (195) 6,694 (29) Net realized gains (losses) on Fortitude Re funds withheld assets 1,374 (26) 6,422 453 Income before income tax expense 1,531 419 7,039 1,789 Income tax expense* (322) (88) (1,478) (376) Net income 1,209 331 5,561 1,413 Change in unrealized depreciation of the invested assets supporting the Fortitude Re modco arrangement classified as available for sale* (1,090) (314) (5,242) (1,373) Comprehensive income $ 119 $ 17 $ 319 $ 40 * The income tax expense (benefit) and the tax impact in accumulated other comprehensive income was computed using Corebridge’s U.S. statutory tax rate of 21%. Various assets supporting the Fortitude Re funds withheld arrangements are reported at amortized cost, and as such, changes in the fair value of these assets are not reflected in the financial statements. However, changes in the fair value of these assets are included in the embedded derivative in the Fortitude Re funds withheld arrangement and the appreciation (depreciation) of the assets is the primary driver of the comprehensive income (loss) reflected above. REINSURANCE – CREDIT LOSSES The estimation of reinsurance recoverables involves a significant amount of judgment. Reinsurance assets include reinsurance recoverables on future policy benefits and policyholder contract deposits that are estimated as part of our insurance liability valuation process and, consequently, are subject to similar judgments and uncertainties as the estimation of gross loss reserves. We assess the collectability of reinsurance recoverable balances in each reporting period, through either historical trends of disputes and credit events or financial analysis of the credit quality of the reinsurer. We record adjustments to reflect the results of these assessments through an allowance for credit losses and disputes on uncollectable reinsurance that reduces the carrying amount of reinsurance and other assets on the Condensed Consolidated Balance Sheets (collectively, the reinsurance recoverable balances). This estimate requires significant judgment for which key considerations include: • paid and unpaid amounts recoverable; • whether the balance is in dispute or subject to legal collection; • the relative financial health of the reinsurer as classified by the Obligor Risk Ratings (“ORRs”) we assign to each reinsurer based upon our financial reviews; insurers that are financially troubled (i.e., in run-off, have voluntarily or involuntarily been placed in receivership, are insolvent, are in the process of liquidation or otherwise subject to formal or informal regulatory restriction) are assigned ORRs that will generate a significant allowance; and • whether collateral and collateral arrangements exist. An estimate of the reinsurance recoverable’s lifetime expected credit losses is established utilizing a probability of default and loss given default method, which reflects the reinsurer’s ORR. The allowance for credit losses excludes disputed amounts. An allowance for disputes is established for a reinsurance recoverable using the losses incurred model for contingencies. The total reinsurance recoverables as of September 30, 2022 were $30.8 billion. As of that date, utilizing Corebridge’s ORRs, (i) approximately 100% of the reinsurance recoverables were investment grade, (ii) less than 1% were non-investment grade reinsurance recoverables and (iii) none of the reinsurance recoverables were related to entities that were not rated by Corebridge. Reinsurance Recoverable Allowance The following table presents a rollforward of the reinsurance recoverable allowance: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 107 $ 87 $ 101 $ 83 Current period provision for expected credit losses and disputes 1 15 7 19 Write-offs charged against the allowance for credit losses and disputes — — — — Balance, end of period $ 108 $ 102 $ 108 $ 102 There were no material recoveries of credit losses previously written off for the three- and nine-month periods ended September 30, 2022 or 2021. Past-Due Status We consider a reinsurance asset to be past due when it is 90 days past due and record an allowance for disputes when there is reasonable uncertainty of the collectability of a disputed amount during the reporting period. Past-due balances were not significant for any of the periods presented. Certain reinsurers with whom we have disputes have initiated arbitration proceedings against us, and others may initiate them in the future.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities A variable interest entity (“VIE”) is a legal entity that does not have sufficient equity at risk to finance its activities without additional subordinated financial support or is structured such that equity investors lack the ability to make significant decisions relating to the entity’s operations through voting rights or do not substantively participate in the gains and losses of the entity. Consolidation of a VIE by its primary beneficiary is not based on majority voting interest but is based on other criteria discussed below. We enter into various arrangements with VIEs in the normal course of business and consolidate the VIEs when we determine we are the primary beneficiary. This analysis includes a review of the VIE’s capital structure, related contractual relationships and terms, nature of the VIE’s operations and purpose, nature of the VIE’s interests issued and our involvement with the entity. When assessing the need to consolidate a VIE, we evaluate the design of the VIE as well as the related risks to which the entity was designed to expose the variable interest holders. The primary beneficiary is the entity that has both (i) the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depends on the breadth of our decision-making ability and our ability to influence activities that significantly affect the economic performance of the VIE. BALANCE SHEET CLASSIFICATION AND EXPOSURE TO LOSS Creditors or beneficial interest holders of VIEs for which the Company is the primary beneficiary generally have recourse only to the assets and cash flows of the VIEs and do not have recourse to the Company, except in limited circumstances when the Company has provided a guarantee to the VIE’s interest holders. The following table presents the total assets and total liabilities associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Balance Sheets: (in millions) Real Estate and Investment Entities (c) Securitization Total September 30, 2022 Assets: Bonds available for sale $ — $ 3,505 $ 3,505 Other bond securities — 1,345 1,345 Equity securities 60 — 60 Mortgage and other loans receivable — 2,202 2,202 Other invested assets Alternative investments (a) 2,572 — 2,572 Investment real estate 1,785 — 1,785 Short-term investments 172 169 341 Cash 79 — 79 Accrued investment income — 6 6 Other assets 93 73 166 Total assets (b) $ 4,761 $ 7,300 $ 12,061 Liabilities: Debt of consolidated investment entities $ 1,383 $ 4,612 $ 5,995 Other liabilities 85 37 122 Total liabilities $ 1,468 $ 4,649 $ 6,117 December 31, 2021 Assets: Bonds available for sale $ — $ 5,393 $ 5,393 Other bond securities — — — Equity securities 223 — 223 Mortgage and other loans receivable — 2,359 2,359 Other invested assets Alternative investments (a) 3,017 — 3,017 Investment real estate 2,257 — 2,257 Short-term investments 467 151 618 Cash 93 — 93 Accrued investment income — 15 15 Other assets 188 557 745 Total assets (b) $ 6,245 $ 8,475 $ 14,720 Liabilities: Debt of consolidated investment entities $ 1,743 $ 5,193 $ 6,936 Other liabilities 112 723 835 Total liabilities $ 1,855 $ 5,916 $ 7,771 (a) Composed primarily of investments in real estate joint ventures at September 30, 2022 and December 31, 2021. (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Off-balance-sheet exposure primarily consisting of commitments by insurance operations and affiliates into real estate and investment entities. At September 30, 2022 and December 31, 2021, together the Company and AIG affiliates have commitments to internal parties of $2.3 billion and $2.4 billion and commitments to external parties of $0.5 billion and $0.6 billion, respectively. At September 30, 2022, $1.6 billion out of the internal commitments was from subsidiaries of Corebridge entities and $0.7 billion was from other AIG affiliates. At December 31, 2021, $1.5 billion out of the internal commitments was from subsidiaries of Corebridge entities, and $0.9 billion was from other AIG affiliates. The following table presents the revenue, net income (loss) attributable to noncontrolling interests and net income (loss) attributable to Corebridge associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Income Statements: Real Estate and Securitization Affordable Investment and Repackaging Housing (in millions) Entities Vehicles Partnerships Total Three Months Ended September 30, 2022 Total revenue $ 214 $ (22) $ — $ 192 Net income attributable to noncontrolling interests 126 — — 126 Net income (loss) attributable to Corebridge 77 (73) — 4 Three Months Ended September 30, 2021 Total revenue $ 331 $ 54 $ 170 $ 555 Net income attributable to noncontrolling interests 149 — 2 151 Net income (loss) attributable to Corebridge 157 32 142 331 Nine Months Ended September 30, 2022 Total revenue $ 602 $ 91 $ — $ 693 Net income attributable to noncontrolling interests 280 2 — 282 Net income (loss) attributable to Corebridge 286 (32) — 254 Nine Months Ended September 30, 2021 Total revenue $ 694 $ 188 $ 433 $ 1,315 Net income attributable to noncontrolling interests 258 1 53 312 Net income (loss) attributable to Corebridge 367 (66) 314 615 The following table presents total assets of unconsolidated VIEs in which we hold a variable interest, as well as our maximum exposure to loss associated with these VIEs: Maximum Exposure to Loss (in millions) Total VIE On-Balance Sheet (b) Off-Balance Sheet (c) Total September 30, 2022 Real estate and investment entities (a) $ 366,108 $ 5,490 $ 2,965 $ 8,455 Total $ 366,108 $ 5,490 $ 2,965 $ 8,455 December 31, 2021 Real estate and investment entities (a) $ 309,866 $ 4,459 $ 2,452 $ 6,911 Total $ 309,866 $ 4,459 $ 2,452 $ 6,911 (a) Composed primarily of hedge funds and private equity funds. (b) At September 30, 2022 and December 31, 2021, $5.5 billion and $4.5 billion, respectively, of our total unconsolidated VIE assets were recorded as other invested assets. (c) These amounts represent our unfunded commitments to invest in private equity funds and hedge funds. Additionally, from time to time, AIG designed internal securitizations and a series of VIEs which are not consolidated by Corebridge which securitized certain RMLs. The notes held by Corebridge and their related fair values are included in the available-for-sale disclosures that are reported in Notes 4 and 5

Derivatives and Hedge Accountin

Derivatives and Hedge Accounting	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedge Accounting	Derivatives and Hedge Accounting We use derivatives and other financial instruments as part of our financial risk management programs and as part of our investment operations. Interest rate derivatives (such as interest rate swaps) are used to manage interest rate risk associated with embedded derivatives contained in insurance contract liabilities and fixed maturity securities as well as other interest rate sensitive assets and liabilities. Foreign exchange derivatives (principally foreign exchange forwards and swaps) are used to economically mitigate risk associated with foreign denominated investments, net capital exposures and foreign currency transactions. Equity derivatives are used to mitigate financial risk embedded in certain insurance liabilities and economically hedge certain investments. We use credit derivatives to manage our credit exposures. The derivatives are effective economic hedges of the exposures that they are meant to offset. In addition to hedging activities, we also enter into derivative instruments with respect to investment operations, which may include, among other things, CDSs and purchases of investments with embedded derivatives, such as equity linked notes and convertible bonds. Interest rate, currency and equity swaps, credit contracts, swaptions, options and forward transactions are accounted for as derivatives, recorded on a trade-date basis and carried at fair value. Unrealized gains and losses are generally reflected in income, except in certain situations in which hedge accounting is applied and unrealized gains and losses are reflected in AOCI. Aggregate asset or liability positions are netted on the Condensed Consolidated Balance Sheets only to the extent permitted by qualifying master netting arrangements in place with each respective counterparty. Cash collateral posted with counterparties in conjunction with transactions supported by qualifying master netting arrangements is reported as a reduction of the corresponding net derivative liability, while cash collateral received in conjunction with transactions supported by qualifying master netting arrangements is reported as a reduction of the corresponding net derivative asset. Derivatives, with the exception of embedded derivatives, are reported at fair value in the Condensed Consolidated Balance Sheets in Other assets and Other liabilities. Embedded derivatives are generally presented with the host contract in the Condensed Consolidated Balance Sheets. A bifurcated embedded derivative is measured at fair value and accounted for in the same manner as a freestanding derivative contract. The corresponding host contract is accounted for according to the accounting guidance applicable for that instrument. For additional information on embedded derivatives, see Notes 4 and 10. The following table presents the notional amounts of our derivatives and the fair value of derivative assets and liabilities in the Condensed Consolidated Balance Sheets: September 30, 2022 December 31, 2021 Gross Derivative Gross Derivative Liabilities Gross Derivative Gross Derivative Liabilities (in millions) Notional Fair Notional Fair Notional Fair Notional Fair Derivatives designated as hedging instruments: (a) Interest rate contracts $ 293 $ 224 $ 1,806 $ 84 $ 352 $ 274 $ 980 $ 14 Foreign exchange contracts 5,561 993 304 3 4,058 262 2,861 55 Derivatives not designated as hedging instruments: (a) Interest rate contracts 19,026 1,478 23,708 3,114 28,056 1,637 23,219 1,562 Foreign exchange contracts 8,658 1,269 1,143 261 4,047 410 5,413 311 Equity contracts 24,435 554 8,584 84 60,192 4,670 38,932 4,071 Credit contracts — — — — 1,840 1 — — Other contracts (b) 45,833 16 45 — 43,839 13 133 — Total derivatives, gross $ 103,806 $ 4,534 $ 35,590 $ 3,546 $ 142,384 $ 7,267 $ 71,538 $ 6,013 Counterparty netting (c) (3,359) (3,359) (5,785) (5,785) Cash collateral (d) (831) (104) (798) (37) Total derivatives on condensed consolidated balance sheets (e) $ 344 $ 83 $ 684 $ 191 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) Consists primarily of stable value wraps and contracts with multiple underlying exposures. (c) Represents netting of derivative exposures covered by a qualifying master netting agreement. (d) Represents cash collateral posted and received that is eligible for netting. (e) Freestanding derivatives only, excludes embedded derivatives. Derivative instrument assets and liabilities are recorded in Other assets and Other liabilities, respectively. Fair value of assets related to bifurcated embedded derivatives was $4 million and zero, respectively, at September 30, 2022 and December 31, 2021. Fair value of liabilities related to bifurcated embedded derivatives w as $7.2 billion and $17.7 billion, respectively, at September 30, 2022 and December 31, 2021. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. Embedded derivatives are primarily related to guarantee features in variable annuity products, which include equity and interest rate components, and the funds withheld arrangement with Fortitude Re. For additional information, see Note 7. The following table presents the gross notional amounts of our derivatives and the fair value of derivative assets and liabilities with related parties and third parties: September 30, 2022 December 31, 2021 Gross Derivative Gross Derivative Gross Derivative Gross Derivative (in millions) Notional Fair Notional Fair Notional Fair Notional Fair Total derivatives with related parties $ 57,115 $ 4,463 $ 34,714 $ 3,354 $ 96,862 $ 7,182 $ 68,623 $ 5,778 Total derivatives with third parties 46,691 71 876 192 45,522 85 2,915 235 Total derivatives, gross $ 103,806 $ 4,534 $ 35,590 $ 3,546 $ 142,384 $ 7,267 $ 71,538 $ 6,013 As of September 30, 2022 and December 31, 2021, the following amounts were recorded on the Condensed Consolidated Balance Sheets related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges: September 30, 2022 December 31, 2021 (in millions) Carrying Cumulative Amount of Carrying Cumulative Amount of Balance sheet line item in which hedged item is recorded: Fixed maturities, available for sale, at fair value $ 5,426 $ — $ 7,478 $ — Commercial mortgage and other loans (a) 109 (28) — (6) Policyholder contract deposits (b) (2,204) 77 (1,500) (79) (a) This relates to hedge accounting that has been discontinued, but the respective loans are still held. The cumulative adjustment is being amortized into earnings over the remaining life of the loan. (b) This relates to fair value hedges on GICs. COLLATERAL We engage in derivative transactions that are not subject to a clearing requirement directly with related parties and unaffiliated third parties in most cases, under International Swaps and Derivatives Association, Inc. (“ISDA”) Master Agreements. Many of the ISDA Master Agreements also include Credit Support Annex provisions, which provide for collateral postings that may vary at various ratings and threshold levels. We attempt to reduce our risk with certain counterparties by entering into agreements that enable collateral to be obtained from a counterparty on an up-front or contingent basis. We minimize the risk that counterparties might be unable to fulfill their contractual obligations by monitoring counterparty credit exposure and collateral value and generally requiring additional collateral to be posted upon the occurrence of certain events or circumstances. Collateral posted by us to third parties for derivative transactions was $236 million and $317 million at September 30, 2022 and December 31, 2021, respectively. Collateral posted by us to related parties for derivative transactions was $571 million and $803 million at September 30, 2022 and December 31, 2021, respectively. In the case of collateral posted under derivative transactions that are not subject to clearing, this collateral can generally be repledged or resold by the counterparties. Collateral provided to us from third parties for derivative transactions was $40 million and $53 million at September 30, 2022 and December 31, 2021, respectively. Collateral provided to us from related parties for derivative transactions was $846 million and $770 million at September 30, 2022 and December 31, 2021, respectively. In the case of collateral provided to us under derivative transactions that are not subject to clearing, we generally can repledge or resell collateral. OFFSETTING We have elected to present all derivative receivables and derivative payables, and the related cash collateral received and paid, on a net basis on our Condensed Consolidated Balance Sheets when a legally enforceable ISDA Master Agreement exists between us and our derivative counterparty. An ISDA Master Agreement is an agreement governing multiple derivative transactions between two counterparties. The ISDA Master Agreement generally provides for the net settlement of all, or a specified group, of these derivative transactions, as well as transferred collateral, through a single payment, and in a single currency, as applicable. The net settlement provisions apply in the event of a default on, or affecting any, one derivative transaction or a termination event affecting all, or a specified group of, derivative transactions governed by the ISDA Master Agreement. HEDGE ACCOUNTING We designated certain derivatives entered into with related parties as fair value hedges of available-for-sale securities held by our insurance subsidiaries. The fair value hedges include foreign currency forwards and cross-currency swaps designated as hedges of the change in fair value of foreign currency denominated available-for-sale securities attributable to changes in foreign exchange rates. We also designated certain interest rate swaps entered into with related parties as fair value hedges of fixed rate GICs and commercial mortgage loans attributable to changes in benchmark interest rates. During 2022, we designated certain interest rate swaps entered into with related parties as cash flow hedges of forecasted coupon payments associated with anticipated long-term debt issuances. We recognized derivative gains for the three- and nine-month periods ended September 30, 2022 , of $0 million and $223 million, respectively, in accumulated other comprehensive income, of which, for the three- and nine-month periods ended September 30, 2022 , $7 million and $14 million has been reclassified into Interest expense. The remaining amount in accumulated other comprehensive income, of $209 million, will be reclassified into Interest expense over the life of the hedging relationship, which can extend up to 30 years. We expect $28 million to be reclassified into Interest expense over the next 12 months. There are no amounts excluded from the assessment of hedge effectiveness that are recognized in earnings. For additional information related to the debt issuances, see Note 11. We use cross-currency swaps as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with our non-U.S. dollar functional currency foreign subsidiaries. For net investment hedge relationships that use derivatives as hedging instruments, we assess hedge effectiveness and measure hedge ineffectiveness using changes in forward rates. We recognized gains (losses) for the three- and nine-month periods ended September 30, 2022 o f $7 million and $16 million , respectively, and for the three- and nine-month periods ended September 30, 2021 of $4 million and $5 million, respectively, included in Change in foreign currency translation adjustment in Other comprehensive income (loss) related to the net investment hedge relationships. The gains (losses) recognized primarily include transactions with related parties. A qualitative methodology is utilized to assess hedge effectiveness for net investment hedges, while regression analysis is employed for all other hedges. The following table presents the gain (loss) recognized in earnings on our derivative instruments in fair value hedging relationships in the Condensed Consolidated Statements of Income: Gains/(Losses) Recognized in Earnings for: (in millions) Hedging Derivatives (a)(c) Excluded Components (b)(c) Hedged Net Impact Three Months Ended September 30, 2022 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (66) — 64 (2) Net investment income 25 — (24) 1 Foreign exchange contracts: Realized gains (losses) 418 105 (418) 105 Three Months Ended September 30, 2021 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (15) 5 8 (2) Net investment income 1 — (2) (1) Foreign exchange contracts: Realized gains (losses) 144 38 (144) 38 Gains/(Losses) Recognized in Earnings for: (in millions) Hedging Derivatives (a)(c) Excluded Components (b)(c) Hedged Net Impact Nine Months Ended September 30, 2022 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (156) — 157 1 Net investment income 26 — (25) 1 Foreign exchange contracts: Realized gains (losses) 949 181 (949) 181 Nine Months Ended September 30, 2021 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (48) 6 32 (10) Net investment income 8 — (9) (1) Foreign exchange contracts: Realized gains (losses) 221 105 (221) 105 (a) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are included in the assessment of hedge effectiveness. (b) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are excluded from the assessment of hedge effectiveness and recognized in earnings on a mark-to-market basis. (c) Primarily consists of gains and losses with related parties. DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income: Gains (Losses) Recognized in Earnings Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 By Derivative Type: Interest rate contracts $ (536) $ (168) $ (2,218) $ (862) Foreign exchange contracts 893 263 1,797 333 Equity contracts 27 (56) (93) (614) Credit contracts — (1) (1) (8) Other contracts 16 16 48 48 Embedded derivatives within policyholder contract deposits 1,167 303 4,664 1,632 Fortitude Re funds withheld embedded derivative 1,463 (195) 6,694 (29) Total (a) $ 3,030 $ 162 $ 10,891 $ 500 By Classification: Policy fees $ 16 $ 16 $ 45 $ 46 Net investment income 8 — 6 — Net realized gains - excluding Fortitude Re funds withheld assets 1,581 357 4,206 554 Net realized losses on Fortitude Re funds withheld assets (31) (15) (39) (66) Net realized gains (losses) on Fortitude Re funds withheld embedded derivatives 1,463 (195) 6,694 (29) Policyholder benefits (7) (1) (21) (5) Total (a) $ 3,030 $ 162 $ 10,891 $ 500 (a) Includes gains (losses) with related parties o f $(1.2) billion and $(0.8) billion for the nine months ended September 30, 2022 and 2021, respectively, and $240 million and $15 million for the three months ended September 30, 2022 a nd 2021, respectively. HYBRID SECURITIES WITH EMBEDDED CREDIT DERIVATIVES We invest in hybrid securities (such as credit-linked notes) with the intent of generating income, and not specifically to acquire exposure to embedded derivative risk. As is the case with our other investments in RMBS, CMBS, CLOs, ABS and CDOs, our investments in these hybrid securities are exposed to losses only up to the amount of our initial investment in the hybrid security. Other than our initial investment in the hybrid securities, we have no further obligation to make payments on the embedded credit derivatives in the related hybrid securities. We elect to account for our investments in these hybrid securities with embedded written credit derivatives at fair value, with changes in fair value recognized in Net investment income and Other income. Our investments in these hybrid securities are reported as Other

Insurance Liabilities

Insurance Liabilities	9 Months Ended
	Sep. 30, 2022
Insurance [Abstract]
Insurance Liabilities	10. Insurance Liabilities The following table presents the liability for universal life policies with secondary guarantees and similar features (excluding base policy liabilities and embedded derivatives): Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 3,151 $ 4,681 $ 4,505 $ 4,751 Incurred guaranteed benefits* 176 75 564 419 Paid guaranteed benefits (155) (167) (450) (369) Changes related to unrealized appreciation (depreciation) of investments (471) (111) (1,918) (323) Balance, end of period $ 2,701 $ 4,478 $ 2,701 $ 4,478 * Incurred guaranteed benefits include the portion of assessments established as additions to reserves as well as changes in estimates (assumption unlockings) affecting these reserves. The average incurred benefits over the last four years, excluding changes in annual actuarial assumption updates, are approximately 67% of fees assessments collected for these universal life policies with secondary guarantees and similar features. The following table presents details concerning our universal life policies with secondary guarantees and similar features: At September 30, At December 31, (dollars in millions) 2022 2021 Account value $ 3,462 $ 3,313 Net amount at risk $ 68,350 $ 65,801 Average attained age of contract holders 53 53 OTHER POLICYHOLDER FUNDS Other policyholder funds include unearned revenue reserves (“URR”), which were approximately $2.3 billion and $1.8 billion as of September 30, 2022 and December 31, 2021, respectively. URR consist of front-end loads on investment-oriented contracts, representing those policy loads that are non-level and typically higher in initial policy years than in later policy years. URR for investment-oriented contracts is generally deferred and amortized, with interest, in relation to the incidence of EGPs to be realized over the estimated lives of the contracts and is subject to the same adjustments due to changes in the assumptions underlying EGPs as DAC. Amortization of URR is recorded in Policy fees. Similar to unrealized appreciation (depreciation) of investments for DAC, URR related to investment-oriented products is also adjusted to reflect the effect of unrealized gains or losses on fixed maturity securities available for sale on EGPs, with related changes recognized through Other comprehensive income. VARIABLE ANNUITIES Variable annuity contracts may include certain contractually guaranteed benefits to the contract holder. These guaranteed features include guaranteed minimum death benefits (“GMDB”) that are payable in the event of death, and living benefits that are payable in the event of annuitization, or, in other instances, at specified dates during the accumulation period. Living benefits primarily include GMWB. A variable annuity contract may include more than one type of guaranteed benefit feature; for example, it may have both a GMDB and a GMWB. However, a policyholder can only receive payout from one guaranteed feature on a contract containing a death benefit and a living benefit, i.e., the features are mutually exclusive (except a surviving spouse who has a rider to potentially collect both a GMDB upon their spouse’s death and a GMWB during their lifetime). A policyholder cannot purchase more than one living benefit on one contract. The net amount at risk for each feature is calculated irrespective of the existence of other features; as a result, the net amount at risk for each feature is not additive to that of other features. Account balances of variable annuity contracts with guarantees were invested in separate account investment options as follows: At September 30, At December 31, 2022 2021 (in millions) Individual Group Individual Group Equity funds $ 21,216 $ 23,119 $ 28,524 $ 33,718 Bond funds 3,587 3,803 4,651 4,364 Balanced funds 17,008 4,824 23,018 6,293 Money market funds 661 523 546 459 Total $ 42,472 $ 32,269 $ 56,739 $ 44,834 GMDB Depending on the contract, the GMDB feature may provide a death benefit of either (a) total deposits made to the contract, less any partial withdrawals plus a minimum return (and in rare instances, no minimum return); (b) return of premium whereby the benefit is the greater of the current account value or premiums paid less any partial withdrawals; (c) rollups whereby the benefit is the greater of current account value or premiums paid (adjusted for withdrawals) accumulated at contractually specified rates up to specified ages; or (d) the highest contract value attained, typically on any anniversary date less any subsequent withdrawals following the contract anniversary. GMDB is our most widely offered benefit. The liability for GMDB, which is recorded in Future policy benefits, represents the expected value of benefits in excess of the projected account value, with the excess recognized ratably over the accumulation period based on total expected assessments, through Policyholder benefits. The net amount at risk for the GMDB feature represents the amount of guaranteed benefits in excess of account value if death claims were filed on all contracts on the balance sheet date. The following table presents details concerning our GMDB exposures by benefit type for Individual Retirement: At September 30, 2022 ( dollars in millions ) Return of Account Return of Rollups Highest Contract Account values: General account $ 432 $ 3,993 $ 436 $ 1,340 Separate accounts 3,029 26,332 1,648 11,463 Total account values $ 3,461 $ 30,325 $ 2,084 $ 12,803 Net amount at risk - gross $ — $ 1,063 $ 479 $ 2,980 Net amount at risk - net $ — $ 1,055 $ 439 $ 2,687 Average attained age of contract holders by product 67 70 75 72 Percentage of policyholders age 70 and over 30.9 % 50.7 % 68.6 % 60.5 % Range of guaranteed minimum return rates 0.0% - 4.5% At December 31, 2021 Account values: General account $ 382 $ 4,055 $ 447 $ 1,366 Separate accounts 3,543 34,811 2,453 15,932 Total account values $ 3,925 $ 38,866 $ 2,900 $ 17,298 Net amount at risk - gross $ — $ 22 $ 363 $ 341 Net amount at risk - net $ — $ 21 $ 327 $ 257 Average attained age of contract holders by product 66 70 75 71 Percentage of policyholders age 70 and over 27.8 % 47.0 % 66.9 % 58.1 % Range of guaranteed minimum return rates 0.0% - 4.5% The following table presents details concerning our GMDB exposures by benefit type for Group Retirement: At September 30, 2022 ( dollars in millions ) Return of Return of Premium Rollups (a) Highest Contract Account values: General account $ 37 $ 5,445 $ 18,417 $ 3 Separate accounts 241 4,355 27,619 54 Total Account Values $ 278 $ 9,800 $ 46,036 $ 57 Net amount at risk - gross $ — $ 52 $ 495 $ 15 Net amount at risk - net $ — $ 52 $ 495 $ 15 Average attained age of contract holders by product 65 65 63 68 Percentage of policyholders age 70 and over 17.6 % 18.9 % 15.1 % 32.5 % Range of guaranteed minimum return rates 0.0%-4.5% At December 31, 2021 Account values: General account $ 35 $ 5,511 $ 18,863 $ 4 Separate accounts 290 6,056 38,419 69 Total Account Values $ 325 $ 11,567 $ 57,282 $ 73 Net amount at risk - gross $ — $ 9 $ 152 $ — Net amount at risk - net $ — $ 9 $ 152 $ — Average attained age of contract holders by product 64 64 63 68 Percentage of policyholders age 70 and over 14.9 % 17.9 % 14.2 % 31.1 % Range of guaranteed minimum return rates 0.0%-4.5% (a) Group Retirement guaranteed rollup benefits generally revert to the return of premium at age 70. As of September 30, 2022, this includes 200,804 contracts for policyholders age 70 and over, with associated account values of $8.6 billion held in the general account and $6.5 billion held in separate accounts; as of December 31, 2021, this includes 192,606 contracts for policyholders age 70 and over, with associated account values of $8.3 billion held in the general account and $8.5 billion held in separate accounts. These contracts which have reverted to return of premium benefits due to the attained age of the policyholder represent a net amount at risk of $92 million and $19 million at September 30, 2022 and December 31, 2021, respectively. The following summarizes the Individual Retirement GMDB liability related to variable annuity contracts: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 451 $ 423 $ 445 $ 382 Reserve increase (decrease) 45 24 121 90 Benefits paid (17) (5) (45) (22) Changes related to unrealized appreciation (depreciation) of investments (15) — (57) (8) Balance, end of period $ 464 $ 442 $ 464 $ 442 The following summarizes the Group Retirement GMDB liability related to variable annuity contracts, excluding assumed reinsurance (a) : Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 16 $ 34 $ 35 $ 40 Reserve increase (decrease) 7 6 14 4 Benefits paid (1) — (2) (1) Changes related to unrealized appreciation (depreciation) of investments (6) (3) (31) (6) Balance, end of period $ 16 $ 37 $ 16 $ 37 (a) The assumed reinsurance reserves for GMDB liability related to variable annuity contract is $13 million and $16 million as of September 30, 2022 and 2021, respectively. Assumptions used to determine the GMDB liability include interest credited that varies by year of issuance and products; mortality rates that are based upon actual experience modified to allow for variations in policy form; withdrawal and lapse rates that are based upon actual experience modified to allow for variations in policy features; investment returns, based on stochastically generated scenarios; and asset yields that include a reversion to the mean methodology, similar to that applied for DAC. We regularly evaluate estimates used to determine the GMDB liability and adjust the additional liability balance, with a related charge or credit to Policyholder benefits, if actual experience or other evidence suggests that earlier assumptions should be revised. GMWB Certain of our fixed annuity and fixed index annuity contracts, which are not offered through separate accounts, contain optional GMWB benefits. With a GMWB, the contract holder can monetize the excess of the guaranteed amount over the account value of the contract through a series of withdrawals that do not exceed a specific percentage per year of the guaranteed amount. Once the account value is exhausted, the contract holder will receive a series of annuity payments equal to the remaining guaranteed amount; for lifetime GMWB products, the annuity payments continue as long as the covered person(s) is/are living. The liability for GMWB benefits in fixed annuity and fixed index annuity contracts, which are recorded in Future policy benefits, represents the expected value of benefits in excess of the projected account value, with the excess recognized ratably over the accumulation period based on total expected assessments, through Policyholder benefits. The liability for the majority of our GMWB benefits in fixed annuity and fixed index annuity contracts are not accounted for as embedded derivatives. The following table presents the Individual Retirement details concerning our fixed annuities and fixed index annuities GMWB and GMDB exposures that are not accounted for as derivatives, by benefit type: At September 30, 2022 (dollars in millions) Fixed Annuities Fixed Index Annuities Total Account values (a) : Fixed accounts $ 3,811 $ 491 $ 4,302 Indexed accounts — 6,529 6,529 Total account values $ 3,811 $ 7,020 $ 10,831 GMWB and GMDB reserve: Base reserve $ 358 $ 568 $ 926 Reserves related to unrealized appreciation of investments (319) (321) (640) Total GMWB and GMDB reserve $ 39 $ 247 $ 286 Average attained age of contract holders by product 68 68 — At December 31, 2021 Account values (a) : Fixed accounts $ 3,541 $ 487 $ 4,028 Indexed accounts — 6,361 6,361 Total account values $ 3,541 $ 6,848 $ 10,389 GMWB and GMDB reserve: Base reserve $ 270 $ 467 $ 737 Reserves related to unrealized appreciation of investments 187 161 348 Total GMWB and GMDB reserve $ 457 $ 628 $ 1,085 Average attained age of contract holders by product 68 67 — (a) Fixed annuities and fixed index annuities that offer GMWB and GMDB exposures are offered through the general account. The following table presents the Group Retirement details concerning our fixed annuities and fixed index annuities GMWB exposures that are not accounted for as derivatives, by benefit type: At September 30, 2022 (dollars in millions) Fixed Annuities Fixed Index Annuities Total Account values (a) : Fixed account $ 636 $ 134 $ 770 Indexed accounts — 1,379 1,379 Total account values $ 636 $ 1,513 $ 2,149 GMWB reserves: Base reserve $ 56 $ 123 $ 179 Reserves related to unrealized appreciation of investments (12) (74) (86) Total GMWB reserves $ 44 $ 49 $ 93 Average attained age of contract holders by product 70 68 — At December 31, 2021 Fixed Annuities Fixed Index Annuities Total Account values (a) : Fixed account $ 603 $ 129 $ 732 Indexed accounts — 1,409 1,409 Total account values $ 603 $ 1,538 $ 2,141 GMWB reserves: Base reserve $ 42 $ 101 $ 143 Reserves related to unrealized appreciation of investments 5 46 51 Total GMWB reserves $ 47 $ 147 $ 194 Average attained age of contract holders by product 69 68 — (a) Fixed annuities and fixed index annuities that offer GMWB exposures are offered through the general account. Certain of our variable annuity contracts contain optional GMWB benefits. GMWB benefits related to variable annuity contracts are recorded in Policyholder contract deposits and are accounted for as embedded derivatives measured at fair value, with changes in the fair value recorded in Net realized gains (losses). The net fair value of these GMWB embedded derivatives for Individual Retirement was $0.7 billion and $2.4 billion as of September 30, 2022 and December 31, 2021, respectively. The net fair value of these GMWB embedded derivatives for Group Retirement was $(4) million and $74 million as of September 30, 2022 and December 31, 2021, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt Short-term and long-term debt is carried at the principal amount borrowed, including unamortized discounts, and fair value adjustments, when applicable. The following table lists our total debt outstanding at September 30, 2022 and December 31, 2021. The interest rates presented in the following table are the range of contractual rates in effect at September 30, 2022, including fixed and variable rates: (in millions) Range of Maturity At September 30, 2022 At December 31, 2021 Short-term debt issued or borrowed by Corebridge: Affiliated senior promissory note with AIG LIBOR+100bps 2022 $ — $ 8,317 3 -Year DDTL Facility 4.12% 2022 1,500 — Total short-term debt 1,500 8,317 Long-term debt issued by Corebridge: Senior unsecured notes (a) 3.50% - 4.40% 2025 - 2052 6,500 — Hybrid junior subordinated notes 6.875% 2052 1,000 — Long-term debt issued by Corebridge subsidiaries: AIGLH notes 6.63% - 7.50% 2025 - 2029 200 200 AIGLH junior subordinated debentures 7.57% - 8.50% 2030 - 2046 227 227 Total long-term debt 7,927 427 Debt issuance costs (59) — Total long-term debt, net of debt issuance costs 7,868 427 Debt of consolidated investment entities - not guaranteed by Corebridge 0.00% -11.56% 2023 - 2051 5,995 6,936 Total debt, net of issuance costs $ 15,363 $ 15,680 (a) Interest rates reflect contractual amounts and do not reflect the effective borrowing rate after giving effect to the cash flow hedges. SENIOR UNSECURED NOTES AND DELAYED DRAW TERM LOAN (“DDTL”) On February 25, 2022, Corebridge Parent entered into an 18-Month Delayed Draw Term Loan Agreement (the “18-Month DDTL Facility”) among Corebridge Parent, as borrower, the lenders party thereto and the administrative agent thereto, and a 3-Year Delayed Draw Term Loan Agreement (the “3-Year DDTL Facility”) among Corebridge Parent, as borrower, the lenders party thereto and the administrative agent thereto. The 18-Month DDTL Facility and 3-Year DDTL Facility provided us with committed delayed draw term loan facilities in the aggregate principal amount of $6.0 billion and $3.0 billion, respectively. On April 5, 2022, Corebridge Parent issued $6.5 billion of senior unsecured notes consisting of: $1.0 billion aggregate principal amount of its 3.5% Senior Notes due 2025, $1.25 billion aggregate principal amount of its 3.7% Senior Notes due 2027, $1.0 billion aggregate principal amount of its 3.9% Senior Notes due 2029, $1.5 billion aggregate principal amount of its 3.9% Senior Notes due 2032, $500 million aggregate principal amount of its 4.4% Senior Notes due 2042 and $1.25 billion aggregate principal amount of its 4.4% Senior Notes due 2052. On April 6, 2022, in connection with the issuance of the senior unsecured notes of Corebridge Parent, (i) the commitments under the 18-Month DDTL Facility were terminated in full and (ii) the commitments under the 3-Year DDTL Facility were reduced from $3.0 billion to $2.5 billion. On August 25, 2022, in connection with this issuance of the hybrid junior subordinated notes, the commitments under the 3-year DDTL Facility were further reduced from $2.5 billion to $1.5 billion. On September 15, 2022, the Company borrowed an aggregate principal amount of $1.5 billion under the 3-Year DDTL Facility through October 20, 2022. On October 10, 2022, we continued this borrowing through November 21, 2022. We have the ability to further continue this borrowing through February 25, 2025. There are no remaining available commitments outstanding under the 3-Year DDTL Facility. HYBRID JUNIOR SUBORDINATED NOTES On August 23, 2022, Corebridge Parent issued $1.0 billion of 6.875% fixed-to-fixed reset rate hybrid junior subordinated notes due 2052. Subject to certain redemption provisions and other terms of the hybrid junior subordinated notes, the interest rate and interest payment date reset every five years based on the average of the yields on five-year U.S. Treasury securities, as of the most recent interest rate determination on a reset plus a spread, payable semi-annually. AFFILIATED NOTES In November 2021, Corebridge issued an $8.3 billion senior promissory note to AIG. We used the net proceeds from the senior unsecured notes, the net proceeds from the hybrid junior subordinated notes and a portion of the borrowing of the 3-Year DDTL Facility, discussed above, to repay the principal balance and accrued interest of this note to AIG. The interest rate per annum was equal to LIBOR plus 100 basis points and accrued semi-annually in arrears on March 1 and September 1 of each year, beginning on March 1, 2022. In 2019, AGREIC issued a note to Lexington in the amount of $250 million. On February 12, 2021, AGREIC repaid the loan and interest in the amount of $254 million. On June 23, 2022, AIG Life (United Kingdom) borrowed GBP £10 million from AIG Transaction Execution Limited, which was repaid on July 7, 2022. AIGLH NOTES AND JUNIOR SUBORDINATED DEBENTURES As of September 30, 2022, AIGLH had outstanding $427 million aggregate principal amount, consisting of $227 million of junior subordinated debt due between 2030 and 2046 and $200 million of notes due between 2025 and 2029. For details regarding guarantees provided by AIG related to these notes and debentures, see Note 12. DEBT CASH TENDER OFFERS During the nine-month period ended September 30, 2021, $216 million of aggregate principal amount of AIGLH notes and AIGLH junior subordinated debentures were repurchased through cash tender offers for an aggregate purchase price of $312 million. REVOLVING CREDIT AGREEMENT On May 12, 2022, Corebridge Parent entered into the Revolving Credit Agreement (the “Credit Agreement”). The Credit Agreement provides for a five-year total commitment of $2.5 billion, consisting of standby letters of credit and/or revolving credit borrowings without any limits on the type of borrowings. Under circumstances described in the Credit Agreement, the aggregate commitments may be increased by up to $500 million, for a total commitment under the Credit Agreement of $3.0 billion. Loans under the Credit Agreement will mature on May 12, 2027. Under the Credit Agreement, the applicable rate, commitment fee and letter of credit fee are determined by reference to the credit ratings of Corebridge Parent’s senior, unsecured, long-term indebtedness. Borrowings bear interest at a rate per annum equal to (i) in the case of U.S. dollar borrowings, Term SOFR plus an applicable credit spread adjustment plus an applicable rate or an alternative base rate plus an applicable rate; (ii) in the case of Sterling borrowings, SONIA plus an applicable credit spread adjustment plus an applicable rate; (iii) in the case of Euro borrowings, European Union interbank Offer Rate (“EURIBOR”) plus an applicable rate; and (iv) in the case of Japanese Yen, Tokyo Interbank Offered Rate (“TIBOR”) plus an applicable rate. The alternative base rate is equal to the highest of (a) the New York Federal Reserve Bank (“NYFRB”) Rate plus 0.50%, (b) the rate of interest in effect as quoted by The Wall Street Journal as the “Prime Rate” in the United States and (c) Term SOFR plus a credit spread adjustment of 0.100% plus an additional 1.00%. The Credit Agreement requires Corebridge Parent to maintain a specified minimum consolidated net worth and subjects Corebridge to a specified limit on consolidated total debt to consolidated total capitalization, subject to certain limitations and exceptions. In addition, the Credit Agreement contains certain customary affirmative and negative covenants, including limitations with respect to the incurrence of certain types of liens and certain fundamental changes. Amounts due under the Credit Agreement may be accelerated upon an “event of default,” as defined in the Credit Agreement, such as failure to pay amounts owed thereunder when due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject in some cases to cure periods. LETTERS OF CREDIT Effective July 28, 2022, Corebridge replaced AIG as applicant and guarantor on two letters of credit totaling £80 million, for the benefit of AIG Life (United Kingdom). The letter of credit supports AIG Life (United Kingdom)’s capital position and will be counted as Tier 2 capital under EU Solvency II regulations as approved by the Prudential Regulation Authority. We have an intercompany reinsurance arrangement with AIG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to AIG Bermuda. AIG Bermuda had a $250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by AIG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $250 million to $175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. AFFILIATED CREDIT FACILITIES In 2015 and 2018, we entered into three revolving loan facilities with AIG pursuant to which our participating subsidiaries could, on a several basis, borrow monies from AIG subject to the terms and conditions stated therein. Principal amounts borrowed under each of these facilities could be repaid and re-borrowed, in whole or in part, from time to time, without penalty. As of December 31, 2021, there were no amounts owed under these facilities. On September 19, 2022, these credit facilities were terminated. CONSOLIDATED INVESTMENT ENTITIES CREDIT FACILITIES We also maintain revolving credit facilities that can be utilized exclusively by certain consolidated investment entities to acquire assets related to securitizations. Draws under those credit facilities cannot be utilized for general corporate purposes. Prior to the pricing of the related securitizations, these credit facilities have combined limits of up to $556 million. Subsequent to pricing of the related securitizations, the combined limits are expected to increase to up to approximately $1.4 billion. As of September 30, 2022 and December 31, 2021, we have drawn $181 million and $57 million, respectively, under the credit facilities. These credit facilities have maturity dates ranging from two years to nine years.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Guarantees	Contingencies, Commitments and Guarantees In the normal course of business, we enter into various contingent liabilities and commitments. Although we cannot currently quantify our ultimate liability for unresolved litigation and investigation matters, including those referred to below, it is possible that such liability could have a material adverse effect on our consolidated financial condition, consolidated results of operations or consolidated cash flows for an individual reporting period. LEGAL CONTINGENCIES Overview In the normal course of business, we are subject to regulatory and government investigations and actions, and litigation and other forms of dispute resolution in a large number of proceedings pending in various domestic and foreign jurisdictions. Certain of these matters involve potentially significant risk of loss due to potential for significant jury awards and settlements, punitive damages or other penalties. Many of these matters are also highly complex and may seek recovery on behalf of a class or similarly large number of plaintiffs. It is therefore inherently difficult to predict the size or scope of potential future losses arising from these matters. In our insurance and reinsurance operations, litigation and arbitration concerning coverage under insurance and reinsurance contracts are generally considered in the establishment of our future policy benefits. Separate and apart from the foregoing matters involving insurance and reinsurance coverage, we and our officers and directors are subject to a variety of additional types of legal proceedings brought by holders of our securities, customers, employees and others, alleging, among other things, breach of contractual or fiduciary duties, bad faith, indemnification and violations of federal and state statutes and regulations. With respect to these other categories of matters not arising out of claims for insurance or reinsurance coverage, we establish reserves for loss contingencies when it is probable that a loss will be incurred, and the amount of the loss can be reasonably estimated. In many instances, we are unable to determine whether a loss is probable or to reasonably estimate the amount of such a loss and, therefore, the potential future losses arising from legal proceedings may exceed the amount of liabilities that we have recorded in our financial statements covering these matters. While such potential future charges could be material, based on information currently known to management, management does not believe, other than as may be discussed below, that any such charges are likely to have a material adverse effect on our financial position or results of operations. We estimate that our range of reasonably possible loss in excess of the aggregate amount we have accrued for probable losses is not material. Additionally, from time to time, various regulatory and governmental agencies review our transactions and practices in connection with industry-wide and other inquiries or examinations into, among other matters, the business practices of current and former operating subsidiaries. Such investigations, inquiries or examinations could develop into administrative, civil or criminal proceedings or enforcement actions, in which remedies could include fines, penalties, restitution or alterations in our business practices, and could result in additional expenses, limitations on certain business activities and reputational damage. Yearly Renewable Term Agreements Certain of our reinsurers have sought rate increases on certain yearly renewable term agreements. We are disputing the requested rate increases under these agreements. Certain reinsurers with whom we have disputes have initiated arbitration proceedings against us, and others may initiate them in the future. To the extent reinsurers have sought retroactive premium increases, we have accrued our current estimate of probable loss with respect to these matters. For additional information, see Note 7. Moriarty Litigation Effective January 1, 2013, the California legislature enacted AB 1747 (the Act), which amended the Insurance Code to mandate that life insurance policies issued and delivered in California contain a 60-day grace period during which time the policies must remain in force after a premium payment is missed, and that life insurers provide both a 30-day minimum notification of lapse and the right of policy owners to designate a secondary recipient for lapse and termination notices. Following guidance from the California Department of Insurance and certain industry trade groups, American General Life Insurance Company (AGL) interpreted the Act to be prospective in nature, applying only to policies issued and delivered on or after the Act’s January 1, 2013 effective date. On July 18, 2017, AGL was sued in a putative class action captioned Moriarty v. American General Life Insurance Company, No. 17-cv-1709 (S.D. Cal.), challenging AGL’s prospective application of the Act. Plaintiff’s complaint, which is similar to complaints filed against other insurers, argues that policies issued and delivered prior to January 1, 2013, like the $1 million policy issued to Plaintiff’s husband do not lapse—despite nonpayment of premiums—if the insurer has not complied with the Act’s terms. On August 30, 2021, the California Supreme Court issued an opinion in McHugh v. Protective Life Insurance, 12 Cal. 5th 213 (2021), ruling that the Act applies to all policies in force on January 1, 2013, regardless of when the policies were issued. On February 7, 2022, Plaintiff filed motions for summary judgment and class certification; AGL opposed both motions and filed its own motion for partial summary judgment. On July 26, 2022, the District Court granted in part and denied in part AGL’s motion for partial summary judgment, and on September 7, 2022, the District Court denied Plaintiff's motion for summary judgment. In the summary judgment decisions, the District Court declined to adopt Plaintiff's theory that a failure to comply with the Act necessitates payment of policy benefits or to make a pre-trial determination as to AGL’s liability. On September 27, 2022, the District Court denied Plaintiff’s motion for class certification without prejudice and thereafter set a trial date for February 7, 2023. The District Court declined to certify Plaintiff’s proposed class consisting of claims for monetary damages and equitable relief, but indicated that Plaintiff could seek the certification of a narrower class consisting only of claims for monetary damages. The District Court indicated, however, that it has “substantial concerns” as to whether individual issues such as actual damages and causation would predominate, precluding class certification. Proceedings are ongoing in other California cases that raise similar industry-wide issues including in the McHugh case on remand from the California Supreme Court, in which the California Court of Appeal rendered an unpublished opinion on October 10, 2022 that also declined to hold that failure to comply with the Act automatically necessitates payment of policy benefits. We have accrued our current estimate of probable loss with respect to this litigation. OTHER COMMITMENTS In the normal course of business, we enter into commitments to invest in limited partnerships, private equity funds and hedge funds and to purchase and develop real estate in the U.S. and abroad. These commitments totaled $5.0 billion at September 30, 2022. GUARANTEES Asset Dispositions We are subject to guarantees and indemnity arrangements in connection with the completed sales of businesses. The various arrangements may be triggered by, among other things, declines in asset values; the occurrence of specified business contingencies; the realization of contingent liabilities; developments in litigation; or breaches of representations, warranties or covenants provided by us. These arrangements are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitations. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or are not applicable. We are unable to develop a reasonable estimate of the maximum potential payout under certain of these arrangements. Overall, we believe that it is unlikely we will have to make any material payments related to completed sales under these arrangements, and no material liabilities related to these arrangements have been recorded in the Condensed Consolidated Balance Sheets. Guarantees provided by AIG Prior to the IPO, AIG provided certain guarantees to us as described below. Pursuant to the Separation Agreement we entered into with AIG dated September 14, 2022 (the “Separation Agreement”), we will indemnify, defend and hold harmless AIG against or from any liability arising from or related to these guarantees. Certain of our insurance subsidiaries benefit from General Guarantee Agreements under which AHAC or NUFIC has unconditionally and irrevocably guaranteed all present and future obligations arising from certain insurance policies issued by these subsidiaries (a “Guaranteed Policy” or the “Guaranteed Policies”). AHAC and NUFIC are required to perform under the agreements if one of the insurance subsidiaries fails to make payments due under a Guaranteed Policy. These General Guarantee Agreements have all been terminated as to insurance policies issued after the date of termination. AHAC and NUFIC have not been required to perform under any of the agreements but remain contingently liable for all policyholder obligations associated with the Guaranteed Policies. We did not pay any fees under these agreements for the three and nine months ended September 30, 2022 or 2021. AGC is a party to a Capital Maintenance Agreement (“CMA”) with AIG. Among other things, the CMA provides that AIG will maintain the total adjusted capital of AGC at or above a specified minimum percentage of AGC’s projected Company Action Level Risk Based Capital. AIG did not make any capital contributions to AGC under the CMA during the nine months ended September 30, 2022. As of September 30, 2022 and December 31, 2021, the specified minimum capital percentage in the CMA was 250%. AIG provides a full and unconditional guarantee of all outstanding notes and junior subordinated debentures of AIGLH. This includes: • a guarantee (the “AIGLH External Debt Guarantee”) in connection with AIGLH junior subordinated debentures and certain AIG notes (the “AIGLH External Debt”). • a guarantee in connection with a sale-leaseback transaction in 2020. Pursuant to this transaction, AIGLH issued promissory notes to AGL with maturity dates of up to five years. These promissory notes are guaranteed by AIG for the benefit of AGL. We paid no fees for these guarantees for the three and nine months ended September 30, 2022 or 2021, or for the three and nine months ended September 30, 2022 or 2021. In addition to the Separation Agreement, we have entered into a guarantee reimbursement agreement with AIG which provides that we will reimburse AIG for the full amount of any payment made by or on behalf of AIG pursuant to the AIGLH External Debt Guarantee. We have also entered into a collateral agreement with AIG which provides that in the event of: (i) a ratings downgrade of Corebridge Parent or AIGLH long-term unsecured indebtedness below specified levels or (ii) the failure by AIGLH to pay principal and interest on the External Debt when due, we must collateralize an amount equal to the sum of: (i) 100% of the principal amount outstanding, (ii) accrued and unpaid interest and (iii) 100% of the net present value of scheduled interest payments through the maturity dates of the AIGLH External Debt. • For additional discussion on commitments and guarantees associated with VIEs, see Note 8. • For additional disclosures about derivatives, see Note 9. • For additional disclosures about debt, see Note 11.

Equity and Redeemable Noncontro

Equity and Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Equity and Redeemable Noncontrolling Interest	Equity and Redeemable Noncontrolling Interest COREBRIDGE SHAREHOLDERS’ EQUITY Retained Earnings Dividends On September 30, 2022, the Company declared a cash dividend on Corebridge Common Stock of $0.23 per share ($148 million), payable on October 20, 2022 to shareholders of record at close of business on October 10, 2022. For the nine months ended September 30, 2022, Corebridge paid cash dividends of $580 million. The following sections summarize certain transactions that occurred prior to and including the Reorganization that affected shareholders’ equity. As discussed in Note 1, the separate legal entities that made up the company’s business were not historically held by a single legal entity, and Shareholders’ net investment was shown in lieu of Shareholders’ equity in these financial statements prior to December 31, 2021, representing our shareholders’ interest in the recorded assets of the Company and their cumulative investment through December 31, 2021, inclusive of operating results. As part of the internal reorganization, Cap Corp and certain of its subsidiaries were transferred as common control transactions. Prior to completion of the Reorganization on December 31, 2021, the following significant transactions were recorded in Shareholder’s net investment. Distributions For the three and nine months ended September 30, 2021 , Corebridge distributed dividends to AIG in the amount of $100 million and $735 million, respectively. For the three and nine months ended September 30, 2021, Cap Corp returned capital to AIG in the amount of $50 million and $324 million, respectively. D ividends Declared On November 8, 2022, the Company declared a cash dividend on Corebridge Common Stock of $0.23 per share, payable on December 30, 2022 to shareholders of record at close of business on December 16, 2022. Accumulated Other Comprehensive Income (Loss) The following table presents a rollforward of Accumulated other comprehensive income (loss): (in millions) Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance Unrealized Appreciation (Depreciation) of All Other Investments Cash Flow Hedges Foreign Currency Translation Adjustments Retirement Plan Liabilities Adjustment Total Balance as of June 30, 2022, net of tax $ (39) $ (10,854) $ 169 $ (81) $ 6 $ (10,799) Change in unrealized depreciation of investments (63) (9,985) — — — (10,048) Change in deferred policy acquisition costs adjustment and other 4 1,373 — — — 1,377 Change in future policy benefits — 594 — — — 594 Change in cash flow hedges — — (7) — — (7) Change in foreign currency translation adjustments — — — (83) — (83) Change in deferred tax asset (liability) 12 1,639 1 5 — 1,657 Total other comprehensive income (loss) (47) (6,379) (6) (78) — (6,510) Noncontrolling interests — — — (19) — (19) Balance, September 30, 2022, net of tax $ (86) $ (17,233) $ 163 $ (140) $ 6 $ (17,290) Balance as of June 30, 2021, net of tax $ (38) $ 11,912 $ — $ 15 $ 6 $ 11,895 Change in unrealized depreciation of investments 6 (1,785) — — — (1,779) Change in deferred policy acquisition costs adjustment and other (6) 145 — — — 139 Change in future policy benefits — 73 — — — 73 Change in foreign currency translation adjustments — — — (20) — (20) Change in deferred tax asset (liability) — 285 — (1) — 284 Total other comprehensive income — (1,282) — (21) — (1,303) Noncontrolling interests — — — (4) — (4) Balance, September 30, 2021, net of tax $ (38) $ 10,630 $ — $ (2) $ 6 $ 10,596 Balance as of December 31, 2021, net of tax $ (40) $ 10,209 $ — $ (9) $ 7 $ 10,167 Change in unrealized depreciation of investments (65) (42,259) — — — (42,324) Change in deferred policy acquisition costs adjustment and other 7 6,694 — — — 6,701 Change in future policy benefits — 2,707 — — — 2,707 Change in cash flow hedges — — 211 — — 211 Change in foreign currency translation adjustments — — — (159) — (159) Change in net actuarial loss — — — — (1) (1) Change in deferred tax asset (liability) 12 5,416 (48) 9 — 5,389 Total other comprehensive income (loss) (46) (27,442) 163 (150) (1) (27,476) Noncontrolling interests — — — (19) — (19) Balance, September 30, 2022, net of tax $ (86) $ (17,233) $ 163 $ (140) $ 6 $ (17,290) (in millions) Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance Unrealized Appreciation (Depreciation) of All Other Investments Cash Flow Hedges Foreign Currency Translation Adjustments Retirement Plan Liabilities Adjustment Total Balance as of December 31, 2020, net of tax $ (62) $ 14,698 $ — $ 11 $ 6 $ 14,653 Change in unrealized depreciation of investments 40 (6,681) — — — (6,641) Change in deferred policy acquisition costs adjustment and other (10) 806 — — — 796 Change in future policy benefits — 837 — — — 837 Change in foreign currency translation adjustments — — — (16) — (16) Change in deferred tax asset (liability) (6) 970 — (1) — 963 Total other comprehensive income 24 (4,068) — (17) — (4,061) Noncontrolling interests — — — (4) — (4) Balance, September 30, 2021, net of tax $ (38) $ 10,630 $ — $ (2) $ 6 $ 10,596 The following table presents the other comprehensive income (loss) reclassification adjustments for the three and nine months ended September 30, 2022 and 2021, respectively: (in millions) Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance Unrealized Appreciation (Depreciation) of All Other Investments Cash Flow Hedges Foreign Currency Translation Adjustments Retirement Plan Liabilities Adjustment Total Three Months Ended September 30, 2022 Unrealized change arising during period $ (59) $ (8,123) $ (7) $ (64) $ — $ (8,253) Less: Reclassification adjustments included in net income — (105) — — — (105) Total other comprehensive income (loss), (59) (8,018) (7) (64) — (8,148) Less: Income tax expense (benefit) (12) (1,639) (1) (5) — (1,657) Total other comprehensive income (loss), $ (47) $ (6,379) $ (6) $ (59) $ — $ (6,491) Three Months Ended September 30, 2021 Unrealized change arising during period $ 2 $ (1,401) $ — $ (16) $ — $ (1,415) Less: Reclassification adjustments included in net income 2 166 — — — 168 Total other comprehensive income (loss), — (1,567) — (16) — (1,583) Less: Income tax expense (benefit) — (285) — 1 — (284) Total other comprehensive income (loss), $ — $ (1,282) $ — $ (17) $ — $ (1,299) Nine Months Ended September 30, 2022 Unrealized change arising during period $ (66) $ (33,341) $ 211 $ (140) $ (1) $ (33,337) Less: Reclassification adjustments included in net income (8) (483) — — — (491) Total other comprehensive income (loss), (58) (32,858) 211 (140) (1) (32,846) Less: Income tax expense (benefit) (12) (5,416) 48 (9) — (5,389) Total other comprehensive income (loss), $ (46) $ (27,442) $ 163 $ (131) $ (1) $ (27,457) Nine Months Ended September 30, 2021 Unrealized change arising during period $ 30 $ (4,461) $ — $ (11) $ — $ (4,442) Less: Reclassification adjustments included in net income — 578 — — — 578 Total other comprehensive income (loss), 30 (5,039) — (11) — (5,020) Less: Income tax expense (benefit) 6 (971) — 2 — (963) Total other comprehensive income (loss), $ 24 $ (4,068) $ — $ (13) $ — $ (4,057) The following table presents the effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income: Amount Reclassified from AOCI Affected Line Item in the Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ — $ 2 $ (8) $ — Net realized gains (losses) Total — 2 (8) — Unrealized appreciation (depreciation) of all other investments Investments (105) 166 (483) 578 Net realized gains (losses) Total (105) 166 (483) 578 Total reclassifications for the period $ (105) $ 168 $ (491) $ 578 NON-REDEEMABLE NONCONTROLLING INTEREST The activity in non-redeemable noncontrolling interest primarily relates to activities with consolidated investment entities. The changes in non-redeemable noncontrolling interest due to divestitures and acquisitions primarily relate to the formation and funding of new consolidated investment entities. The majority of the funding for these consolidated investment entities comes from affiliated companies of Corebridge. The change in non-redeemable noncontrolling interest associated with these transactions totaled $(104) million and $(8) million for the three months ended September 30, 2022 and 2021, respectively, and $(104) million and $50 million for the nine months ended September 30, 2022 and 2021, respectively. The changes in non-redeemable noncontrolling interest due to contributions from noncontrolling interests primarily relate to the additional capital calls related to consolidated investment entities. Contributions were $22 million and $54 million for the three months ended September 30, 2022 and 2021, respectively, and $45 million and $181 million for the nine months ended September 30, 2022 and 2021, respectively. The changes in non-redeemable noncontrolling interest due to distributions to noncontrolling interests primarily relate to dividends or other distributions related to consolidated investment entities. Distributions were $399 million and $298 million for the three months ended September 30, 2022 and 2021, respectively, and $1,117 million and $669 million for the nine months ended September 30, 2022 and 2021, respectively. One of our consolidated investment entities distributed $413 million and $314 million for the three months ended June 30, 2022 and September 30, 2022, respectively, of other invested asset holdings to a non-consolidated Corebridge affiliate, which reduced our noncontrolling interest for the nine months ended September 30, 2022. The amounts distributed are reported on a quarter lag and may be subject to true up in the valuation. Refer to Note 8 for additional information related to Variable Interest Entities. REDEEMABLE NONCONTROLLING INTEREST The Company has launched certain investment funds which non-consolidated Corebridge affiliates participate in. Certain of these funds are redeemable at the option of the holder and thus are accounted for as mezzanine equity. The following table presents a rollforward of redeemable noncontrolling interest: Redeemable Noncontrolling Interest Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ 58 $ 51 $ 83 $ 51 Distributions to noncontrolling interests (40) — (65) — Contributions from noncontrolling interests — 20 — 20 Net income attributable to redeemable noncontrolling interest (1) (2) (1) (2) Ending balance $ 17 $ 69 $ 17 $ 69

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The basic earnings per common share (“EPS”) computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus common shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock splits, using the treasury stock method. On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. The results of the stock split have been applied retroactively to the weighted average common shares outstanding for all periods prior to September 6, 2022. After closing the sale of a 9.9% equity stake in Corebridge to Blackstone on November 2, 2021, Blackstone owned 63,855,000 shares of Class B Common Stock. Prior to the sale of the Class B shares to Blackstone on November 2, 2021, Class B shares did not exist. The Class B Common Stock was pari passu to the Class A Common Stock except for distributions associated with the sale of the affordable housing portfolio. Prior to September 6, 2022, we used the two-class method for allocating net income to each class of our common stock. Prior to November 1, 2021, the EPS calculation allocates all net income ratably to Class A and Class B shares. After November 2, 2021, income was allocated ratably to the Class A and B shares, except for distributions associated with the sale of the affordable housing portfolio in 2021 in which the Class B shareholder did not participate. The following table presents the computation of basic and diluted EPS for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in millions, except weighted shares and per common share data) 2022 2021 2022 2021 Numerator for EPS: Net income (loss) $ 2,477 N/A $ 8,996 N/A Less: Net income (loss) attributable to noncontrolling interests 126 N/A 281 N/A Net income (loss) attributable to Corebridge common shareholders $ 2,351 N/A $ 8,715 N/A Net income attributable to Class A shareholders N/A $ 1,279 N/A $ 3,814 Net income attributable to Class B shareholders N/A $ 141 N/A $ 419 Denominator for EPS (a) : Weighted average common shares outstanding - basic 645.7 N/A 645.2 N/A Dilutive common shares (b) 0.7 N/A 0.2 N/A Weighted average common shares outstanding - diluted 646.4 N/A 645.4 N/A Common stock Class A - basic and diluted N/A 581.1 N/A 581.1 Common stock Class B - basic and diluted N/A 63.9 N/A 63.9 Income per common share attributable to Corebridge common shareholders (a) Basic: Common stock $ 3.64 N/A $ 13.51 N/A Common stock Class A N/A $ 2.20 N/A $ 6.56 Common stock Class B N/A $ 2.20 N/A $ 6.56 Diluted: Common stock $ 3.63 N/A $ 13.50 N/A Common stock Class A N/A $ 2.20 N/A $ 6.56 Common stock Class B N/A $ 2.20 N/A $ 6.56 (a) The results of the September 6, 2022 stock split have been applied retroactively for all periods prior to September 6, 2022. (b) Potential dilutive common shares include our share-based employee compensation plans. The number of common shares excluded from dilutive shares outstanding was approximately 30 thousand and 10 thousand for the three and nine months ended September 30,

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes BASIS OF PRESENTATION Prior to the IPO, Corebridge Parent and certain U.S. subsidiaries were included in the consolidated federal income tax return of AIG as well as certain state tax returns where AIG files on a combined or unitary basis. Following the IPO, AIG owns a less than 80% interest in Corebridge, resulting in tax deconsolidation of Corebridge from the AIG Consolidated Tax Group and in a small minority of state jurisdictions which follow federal consolidation rules, the most significant being Florida. In addition, under the tax law, AGC and its directly owned life insurance subsidiaries (the “AGC Group”) will not be permitted to join in the filing of a U.S. consolidated federal income tax return with our other subsidiaries (collectively, the “Non-Life Group”) for the five-year waiting period. Instead, the AGC Group is expected to file separately as members of the AGC consolidated U.S. federal income tax return during the five-year waiting period. Following the five-year waiting period, the AGC Group is expected to join the U.S. consolidated federal income tax return with the Non-Life Group. Under our pre-existing federal tax sharing agreements with AIG, we settle our current tax liability as if the Corebridge entities are each a separate stand-alone taxpayer. Further, AIG credits us to the extent our net operating losses, tax credits, and other tax benefits are used in AIG’s consolidated tax return and charges us to the extent of our tax liability (calculated on a separate return basis). Accordingly, our net operating loss and tax credit carryforwards disclosed currently represent the estimated separate company tax attribute carryforwards that have not been utilized on a consolidated AIG basis. Under the U.S. tax rules, these tax attribute carryforwards remain with the relevant Corebridge entities and will be available for utilization by the respective Corebridge U.S. federal tax filing groups following tax deconsolidation from AIG. Our tax attribute carryforwards will continue to be adjusted based on the 2021 and short-period 2022 Corebridge tax returns included as part of the AIG consolidated federal income tax returns for these tax years. The balance sheet classification of U.S. federal current and deferred tax assets/liabilities is based on the respective separate U.S. Federal tax filing groups. Our provision for state income taxes includes jurisdictions in which we continue to file combined tax returns with AIG and certain other states in which we file separate tax returns. State and local net operating loss carryforwards represent separate company tax attribute carryforwards not utilized on a combined basis, as applicable. We calculate our provision for income taxes using the asset and liability method. This method considers the future tax consequences of temporary differences between the financial reporting and the tax basis of assets and liabilities measured using currently enacted tax rates. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. U.S. TAX LAW CHANGES On August 16th, 2022, President Biden signed the Inflation Reduction Act (“IRA”) of 2022 (H.R. 5376), which finances climate and energy provisions and an extension of enhanced subsidies under the Affordable Care Act with a 15% corporate alternative minimum tax (“CAMT”) on adjusted financial statement income for corporations with profits over $1 billion, a 1% stock buyback tax, increased IRS enforcement funding, and Medicare's new ability to negotiate prescription drug prices. RECLASSIFICATION OF CERTAIN TAX EFFECTS FROM AOCI We use an item-by-item approach to release the stranded or disproportionate income tax effects in AOCI related to our available-for-sale securities. Under this approach, a portion of the disproportionate tax effects is assigned to each individual security lot at the date the amount becomes lodged. When the individual securities are sold, mature or are otherwise impaired on an other-than-temporary basis, the assigned portion of the disproportionate tax effect is reclassified from AOCI to income (loss) from operations. INTERIM TAX CALCULATION METHOD We use the estimated annual effective tax rate method in computing our interim tax provision. Certain items, including those deemed to be unusual or infrequent or that cannot be reliably estimated, are excluded from the estimated annual effective tax rate. In these cases, the actual tax expense or benefit is reported in the same period as the related item. Certain tax effects are also not reflected in the estimated annual effective tax rate, primarily certain changes in uncertain tax positions and realizability of deferred tax assets, and are recorded in the period in which the change occurs. INTERIM TAX EXPENSE (BENEFIT) For the three months ended September 30, 2022, the effective tax rate on income from operations was 20.1%. The effective tax rate on income from operations differs from the statutory tax rate of 21% primarily due to tax benefits associated with the tax deconsolidation from AIG, dividends received deduction, reclassifications from AOCI to income from operations related to the disposal of available-for-sale securities and tax adjustments related to prior year returns. These tax benefits were partially offset by the valuation allowance established as a result of the tax deconsolidation, and tax charges associated with state and local income taxes. For the nine months ended September 30, 2022, the effective tax rate on income from operations was 20.0%. The effective tax rate on income from operations differs from the statutory tax rate of 21% primarily due to tax benefits associated with the tax deconsolidation from AIG, reclassifications from AOCI to income from operations related to the disposal of available-for-sale securities, dividends received deduction, tax adjustments related to prior year returns and excess tax benefits related to share-based compensation payments recorded through the income statement. These tax benefits were partially offset by the valuation allowance established as a result of the tax deconsolidation, and tax charges associated with state and local income taxes, including the establishment of a valuation allowance associated with certain state jurisdictions. For the three months ended September 30, 2021, the effective tax rate on income from operations was 19.5%. The effective tax rate on income from operations differs from the statutory tax rate of 21% primarily due to tax benefits associated with dividends received deduction; reclassifications from AOCI to income from operations related to the disposal of available-for-sale securities; and the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by tax charges associated with state and local income taxes. For the nine months ended September 30, 2021, the effective tax rate on income from operations was 17.4%. The effective tax rate on income from operations differs from the statutory tax rate of 21% primarily due to tax benefits associated with reclassifications from AOCI to income from operations related to the disposal of available-for-sale securities; the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS; and dividends received deduction. These tax benefits were partially offset by tax charges associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards, state and local income taxes, and excess tax charges related to share-based compensation payments recorded through the income statement. For the nine months ended September 30, 2022, we consider our foreign earnings with respect to certain operations in Europe to be indefinitely reinvested. These earnings relate to ongoing operations and have been reinvested in active business operations. ASSESSMENT OF DEFERRED TAX ASSET VALUATION ALLOWANCE The evaluation of the recoverability of our deferred tax asset and the need for a valuation allowance requires us to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed. Recent events, including the IPO, changes in target interest rates by the Board of Governors of the Federal Reserve System and significant market volatility, impacted actual and projected results of our business operations as well as our views on potential effectiveness of certain prudent and feasible tax planning strategies. In order to demonstrate the predictability and sufficiency of future taxable income necessary to support the realizability of the net operating losses and foreign tax credit carryforwards, we have considered forecasts of future income for each of our businesses, including assumptions about future macroeconomic and Corebridge-specific conditions and events, and any impact these conditions and events may have on our prudent and feasible tax planning strategies. The completion of the IPO resulted in the tax deconsolidation from the AIG Consolidated Tax Group. As discussed above, under the tax law, the AGC Group will not be permitted to join in the filing of a U.S. consolidated federal income tax return with the Non-Life Group for the five-year waiting period. Instead, the AGC Group is expected to file separately as members of the AGC consolidated U.S. federal income tax return during this period. Following the five-year waiting period, the AGC Group is expected to join U.S. consolidated federal income tax return with the Non-Life Group. Each separate U.S. federal tax filing group or separate U.S. tax filer is required to consider this five-year waiting period when assessing realization of their respective deferred tax assets including net operating loss and tax credit carryforwards. Taking into account the IPO and subsequent tax deconsolidation and their impact on projections of income and our analysis of their potential impact on utilization of our deferred tax assets for our U.S. federal tax filing groups, we recorded an additional $127 million valuation allowance related to our tax attribute carryforwards and a portion of certain other deferred tax assets that are no longer more-likely-than-not to be realized. As of September 30, 2022, the balance sheet reflects a valuation allowance of $145 million related to our tax attribute carryforwards and a portion of certain other deferred tax assets that are no longer more-likely-than-not to be realized. Estimates of future taxable income, including income generated from prudent and feasible actions and tax planning strategies, impact of settlements with taxing authorities, and any changes to interpretations and assumptions related to the impact of the Inflation Reduction Act or the Tax Act could change in the near term, perhaps materially, which may require us to consider any potential impact to our assessment of the recoverability of the deferred tax asset. Such potential impact could be material to our consolidated financial condition or results of operations for an individual reporting period. For the nine months ended September 30, 2022 , recent changes in market conditions, including rising interest rates, impacted the unrealized tax capital gains and losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio, resulting in a deferred tax asset related to net unrealized tax capital losses. The deferred tax asset relates to the unrealized capital losses for which the carryforward period has not yet begun, and as such, when assessing its recoverability, we consider our ability and intent to hold the underlying securities to recovery. As of September 30, 2022, based on all available evidence, we concluded that a valuation allowance should be established on a portion of the deferred tax asset related to unrealized capital losses that are not more likely than not to be realized. For the nine months ended September 30, 2022 , we established $1.6 billion of valuation allowance associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. For the three months ended September 30, 2022, we recorded an increase in valuation allowance of $68 million associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. All of the valuation allowance established was allocated to other comprehensive income. For the three- and nine-month periods ended September 30, 2022, we recognized net increases of $0 million and $24 million, respectively, in deferred tax asset valuation allowance associated with certain foreign and state jurisdictions, primarily attributable to changes in projections. TAX EXAMINATIONS AND LITIGATION Corebridge Parent and certain U.S. subsidiaries are included in a consolidated U.S. federal income tax return with AIG through the date of IPO (short-period tax year 2022), and income tax expense is recorded, based on applicable U.S. and foreign laws. The AIG U.S. Consolidated Tax Group is currently under IRS examination for the tax years 2011 through 2019 and is continuing to engage in the appeals process for years 2007 through 2010.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Parties	16. Related Parties RELATED PARTY TRANSACTIONS We may enter into a significant number of transactions with related parties in the normal course of business. Parties are considered to be related if one party has the ability to control or exercise significant influence over the other party in making financial or operating decisions, or if a party, directly or indirectly through one or more of its intermediaries, controls, is controlled by or is under common control with an entity. Our material transactions with related parties are described below. The table below summarizes our material revenues and expenses in connection with the transactions described below for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Revenues: Other income $ 24 $ 21 $ 83 $ 63 Net investment income - excluding Fortitude Re funds withheld assets 3 (8) (4) (15) Total revenues $ 27 $ 13 $ 79 $ 48 Expenses: General operating and other expenses $ 51 $ 86 $ 79 $ 256 Interest expense 17 7 76 57 Loss on extinguishment of debt — — — 145 Total expenses $ 68 $ 93 $ 155 $ 458 Related Party Transactions with AIG We have historically entered into various transactions with AIG, some of which are continuing. These transactions are described below. In addition, on September 14, 2022, we entered into a separation agreement with AIG (the “Separation Agreement”). The Separation Agreement governs the relationship between AIG and us following the IPO, including matters related to the allocation of assets and liabilities between the parties, indemnification obligations, our corporate governance, information rights for each party and consent rights of AIG with respect to certain business activities that we may undertake. Reorganization Transactions Transfer of Investment Management Operations In connection with the IPO, we and AIG entered into agreements to effectuate the transfer of substantially all of the entities that conducted AIG Group’s investment management operations from AIG to us. Specifically, AIG formed a new investment management holding company, SAFG Capital LLC, to which it transferred subsidiaries which conducted its investment management operations, subject to certain limited exceptions. Following the transfer of subsidiaries, SAFG Capital LLC was contributed to us, effective December 31, 2021. Transfer of Fortitude Re Interest On October 1, 2021, AIG contributed to us its entire 3.5% ownership interest in Fortitude Re Bermuda. Currently, we hold a less than 3% interest in Fortitude Re Bermuda. Transfer of AIG Technologies, Inc. and Eastgreen, Inc. We purchased AIGT and Eastgreen from AIG on February 28, 2022 for total consideration of $107 million. AIGT provides data processing, technology and infrastructure services to AIG entities in the United States, including management of AIG hardware and networks. AIGT utilizes two data centers to provide its services. The real estate related to the two data centers is owned by Eastgreen. To the extent needed, AIGT will continue to provide services to AIG for a transition period. European Insurance Entities In 2021, AIG transferred AIG Life (United Kingdom) and Laya to us. Advisory Transactions Certain of our investment management subsidiaries, including AMG, AMG Europe and AIG Credit Management, LLC, provide advisory, management, allocation, structuring, planning, oversight, administration and similar services (collectively, “Investment Services”) with respect to the investment portfolios of AIG. Investment Services are provided primarily pursuant to investment management, investment advisory and similar agreements (“IMAs”), under which our subsidiaries are appointed as investment manager and are authorized to manage client investment portfolios on a fully discretionary basis, subject to agreed investment guidelines. Certain of our subsidiaries are also authorized under the IMAs to retain, oversee and direct third-party investment advisers and managers for and on behalf of these AIG clients. In some cases, Investment Services are provided through the clients’ participation in private investment funds, RMBS, CLO and other pooled investment vehicles and investment products (collectively, “Funds”) sponsored or managed by us. Separately, certain of our subsidiaries provide portfolio administration and investment planning, performance evaluation and oversight services to AIG PC International, LLC (“AIGPCI”), on a non-discretionary basis, with respect to the investment portfolios of various of AIGPCI’s non-U.S. subsidiaries. In some cases, these services are directly provided to AIGPCI’s non-US subsidiaries. We offer our Funds to AIGPCI’s non-U.S. subsidiaries. Our subsidiaries earn investment management and advisory fees under the IMAs and other service agreements, as well as management fees and carried interest distributions or similar performance-based compensation under the Funds’ operating agreements, the majority of which are based on, or calibrated to approximate, the costs of providing the services. With respect to a minority of the AIG client portfolios, which relate to assets backing risks that have been transferred to third parties, our subsidiaries earn market-based fees. Management and advisory fee income for these Investment Services and related services reflected in Other income on the Condensed Consolidated Statements of Income (Loss) was $24 million and $21 million for the three months ended September 30, 2022 and 2021, respectively, and $83 million and $63 million for the nine months ended September 30, 2022 and 2021, respectively. Capital Markets Agreements We receive a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIGM provides these services through various services agreements. In addition, in the ordinary course of business, we enter into OTC derivative transactions with AIGM under standard ISDA agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Condensed Consolidated Statements of Income (Loss) were $4 million and $9 million for the three months ended September 30, 2022 and 2021, respectively, and $14 million and $17 million for the nine months ended September 30, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $80 million and $256 million as of September 30, 2022 and December 31, 2021, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $— million and $2 million as of September 30, 2022 and December 31, 2021, respectively. The collateral posted to AIGM was $571 million and $803 million as of September 30, 2022 and December 31, 2021, respectively. The collateral held by us was $846 million and $770 million as of September 30, 2022 and December 31, 2021, respectively. In addition, we entered into certain unsecured derivative transactions with AIG. The derivative assets, net of gross assets and gross liabilities after collateral were $235 million and $406 million as of September 30, 2022 and December 31, 2021, respectively. There were no derivative net liabilities as of September 30, 2022 and December 31, 2021, respectively. In relation to these derivatives, there was no collateral posted to AIG or collateral held by us as of September 30, 2022 and December 31, 2021, respectively. For further details regarding derivatives, see Note 9. General Services Agreements Pursuant to the provisions of a Service and Expense Agreement (the “AIG Service and Expense Agreement”) effective February 1, 1974, as amended, we and AIG have provided various services to each other at cost, including, but not limited to, advertising, accounting, actuarial, tax, legal, data processing, claims adjustment, employee cafeteria, office space, payroll, information technology services, capital markets services, services that support financial transactions and budgeting, risk management and compliance services, human resources services, insurance, operations and other support services. On September 14, 2022, we entered into a Transitional Services Agreement (the “TSA”) with AIG regarding the continued provision of services between the Company and AIG on a transitional basis. The TSA has generally replaced the AIG Service and Expense Agreement for services provided between the parties. Amounts due to AIG under these agreements were $333 million and $262 million as of September 30, 2022 and December 31, 2021, respectively. Amounts due from AIG were $51 million and $43 million as of September 30, 2022 and December 31, 2021, respectively. The total service expenses incurred specific to these agreements reflected in General operating and other expenses on the Condensed Consolidated Statements of Income (Loss) were $51 million and $45 million for the three months ended September 30, 2022 and 2021, respectively, and $62 million and $171 million for the nine months ended September 30, 2022 and 2021, respectively. Reinsurance Transactions From time to time, AIG Life (United Kingdom) has entered into various coinsurance agreements with AIRCO as follows: • In 2018, AIG Life (United Kingdom) ceded risks to AIRCO relating to the payment of obligations of life-contingent annuity claims in the annuitization phase of the contracts on or after June 30, 2018. • In 2019 and 2020, AIG Life (United Kingdom) ceded risks to AIRCO relating to certain whole life policies issued prior to and subsequent to July 1, 2019, respectively. Reinsurance assets related to these agreements were $150 million and $167 million as of September 30, 2022 and December 31, 2021, respectively. Amounts payable to AIRCO were $21 million and $7 million as of September 30, 2022 and December 31, 2021, respectively. Ceded premiums related to these agreements were $11 million and $13 million for the three months ended September 30, 2022 and 2021, respectively, and $29 million and $33 million for the nine months ended September 30, 2022 and 2021, respectively. For further details of reinsurance transactions, see Note 7. Guarantees Prior to the IPO, AIG provided certain guarantees to us as described below. Pursuant to the Separation Agreement, we will indemnify, defend and hold harmless AIG against or from any liability arising from or related to these guarantees. Certain of our insurance subsidiaries benefit from General Guarantee Agreements under which AHAC or NUFIC has unconditionally and irrevocably guaranteed all present and future obligations arising from certain insurance policies issued by these subsidiaries (a “Guaranteed Policy” or the “Guaranteed Policies”). AHAC and NUFIC are required to perform under the agreements if one of the insurance subsidiaries fails to make payments due under a Guaranteed Policy. These General Guarantee Agreements have all been terminated as to insurance policies issued after the date of termination. AHAC and NUFIC have not been required to perform under any of the agreements but remain contingently liable for all policyholder obligations associated with the Guaranteed Policies. We did not pay any fees under these agreements for the three and nine months ended September 30, and 2021. AGC is a party to a CMA with AIG. Among other things, the CMA provides that AIG will maintain the total adjusted capital of AGC at or above a specified minimum percentage of AGC’s projected Company Action Level Risk Based Capital. AIG did not make any capital contributions to AGC under the CMA during the nine months ended September 30, 2022. As of September 30, 2022 and December 31, 2021, the specified minimum capital percentage in the CMA was 250%. AIG provides a full and unconditional guarantee of all outstanding notes and junior subordinated debentures of AIGLH. This includes: • the AIGLH External Debt Guarantee and • a guarantee in connection with a sale-leaseback transaction in 2020. Pursuant to this transaction, AIGLH issued promissory notes to AGL with maturity dates of up to five years. These promissory notes are guaranteed by AIG for the benefit of AGL. We paid no fees for these guarantees for the three and nine months ended September 30, and 2021, or for the three and nine months ended September 30, and 2021. In addition to the Separation Agreement, we have entered into a guarantee reimbursement agreement with AIG which provides that we will reimburse AIG for the full amount of any payment made by or on behalf of AIG pursuant to the AIGLH External Debt Guarantee. We have also entered into a collateral agreement with AIG which provides that in the event of: (i) a ratings downgrade of Corebridge Parent or AIGLH long-term unsecured indebtedness below specified levels or (ii) the failure by AIGLH to pay principal and interest on the External Debt when due, we must collateralize an amount equal to the sum of: (i) 100% of the principal amount outstanding, (ii) accrued and unpaid interest and (iii) 100% of the net present value of scheduled interest payments through the maturity dates of the AIGLH External Debt. We were the guarantor on two letters of credit which were further guaranteed by AIG in support of two affordable housing properties. On June 1, 2021, the loan associated with one of the properties was fully repaid and the letter of credit was subsequently released. On March 22, 2022, the remaining letter of credit was cancelled and replaced by April Housing, a subsidiary of Blackstone. In addition to the guarantees above, we may provide to or receive from AIG, or to or from third-parties on behalf of AIG, customary guarantees in relation to certain lending and real estate transactions. These guarantees of certain amounts in connection with borrowings or environmental indemnifications and non-recourse carve-outs are limited to situations in which the borrower commits certain “bad acts” as defined in each applicable transaction document, including fraud or intentional misrepresentation, intentional waste or willful misconduct. As of September 30, 2022, none of these guarantees became payable. For further details regarding guarantees provided by AIG, see Note 12 Credit Facilities and Funding Arrangements We were party to certain revolving credit facilities with AIG which terminated on September 19, 2022. Also, prior to September 19, 2022, we participated in funding arrangements whereby each participating subsidiary placed funds on deposit with AIG in exchange for a stated rate of interest. These funding arrangements terminated on September 19, 2022 and all balances will be settled prior to year-end. Our receivables under these arrangements of $0.4 billion and $1.0 billion as of September 30, 2022 and December 31, 2021, respectively, were recorded in Short-term investments on the Condensed Consolidated Balance Sheets. Interest earned on these deposits, reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Condensed Consolidated Statements of Income (Loss), was $7 million and $1 million for the three months ended September 30, 2022 and 2021, respectively, and $10 million and $2 million for the nine months ended September 30, 2022 and 2021, respectively. Promissory Notes In 2019, AIG Global Real Estate Investment Corp. issued a note to Lexington Insurance Company of $250 million. This note was repaid on February 12, 2021. In November 2021, we issued a promissory note to AIG in the amount of $8.3 billion. Interest expense incurred specific to this note reflected in Interest expense on the Condensed Consolidated Statements of Income (Loss) was $7 million and $46 million for the three and nine months ended September 30, 2022, respectively. We repaid the principal and accrued interest of this note during the nine months ended September 30, 2022. For further details on debt, see Note 11. Purchase of Securitized Notes from AIG On September 9, 2022, certain of our insurance companies purchased from AIG senior debt issued by, as well as 100% of the ownership interests in, special purpose entities that held collateralized debt obligations for a total value of approximately $800 million. As a result of these transactions, we own all the interests related to these investments and consolidate them in our financial statements. Subsequent to September 30, 2022, we have disposed of some of the underlying collateralized debt obligations and we expect to sell the remaining underlying collateralized debt obligations not already sold. Tax Sharing Agreements Prior to the IPO, Corebridge and SAFG Capital LLC were included in the consolidated federal income tax return of AIG as well as certain state tax returns where AIG files on a combined or unitary basis. The table below summarizes payments to or refunds from AIG in connection with the tax sharing agreements for the three and nine months ended September 30, 2022 and 2021. For further details on tax impact of the IPO, see Note 15. Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Payment or (refund): Corebridge $ 188 $ 589 $ 1,018 $ 1,327 SAFG Capital LLC 2 1 14 4 Total $ 190 $ 590 $ 1,032 $ 1,331 On September 14, 2022, we entered into a tax matters agreement with AIG that governs the parties’ respective rights, responsibilities and obligations with respect to taxes, including the allocation of current and historic tax liabilities (whether income or non-income consolidated or stand-alone) between us and AIG (the “Tax Matters Agreement”). The Tax Matters Agreement governs, among other things, procedural matters, such as filing of tax returns, tax elections, control and settlement of tax controversies and entitlement to tax refunds and tax attributes. Employee Compensation and Benefits Our employees participate in certain of AIG’s employee benefit programs. We had a payable of $58 million and $66 million as of September 30, 2022 and December 31, 2021, respectively, with respect to these programs. On September 14, 2022, we entered into an employee matters agreement with AIG (the “EMA”). The EMA allocates liabilities and responsibilities relating to employment matters, employee compensation and benefits plans and programs, and other related matters between us and AIG. The EMA generally provides that, unless otherwise specified, each party is responsible for liabilities associated with their current and former employees for purposes of compensation and benefit matters following the IPO. Shared-based Compensation Plans On September 6, 2022, Corebridge Parent adopted the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan (the “2022 Plan”) and the Corebridge Financial, Inc. Long-term Incentive Plan (the “LTIP,” together with the 2022 Plan, the “Plans”). Equity awards may be granted under the Plans to current employees or directors of the Company or, solely with respect to their final year of service, former employees. Equity awards under the Plans are linked to Corebridge Parent’s common stock (“CRBG Stock”). A total of 40,000,000 shares of CRBG Stock are authorized for delivery pursuant to awards granted or assumed under the Plans. Delivered shares may be newly-issued shares or shares held in treasury. Prior to the IPO, certain of our employees held restricted stock units granted by AIG Parent that were linked to AIG Parent’s common stock and subject solely to time-based vesting conditions (the “AIG RSUs”). On September 14, 2022, the AIG RSUs were converted to restricted stock units denominated in CRBG Stock (the “CRBG RSUs”) under the Plans. The CRBG RSUs have terms and conditions that are substantially the same as the corresponding AIG RSUs, with the number of shares of CRBG Stock subject to the RSUs adjusted in a manner intended to preserve their intrinsic value as of immediately before and immediately following the conversion (subject to rounding). Related Party Transactions with Blackstone We entered into a long-term asset management relationship with Blackstone to manage an initial $50.0 billion of our existing investment portfolio beginning in the fourth quarter of 2021 and the investment expense incurred was $40 million for the three months ended September 30, 2022 and $113 million for the nine months ended September 30, 2022. For further details of our strategic partnership with Blackstone, see Note 1. Related Party Transactions with Variable Interest Entities In the ordinary course of business, we enter into various arrangements with VIEs, and we consolidate the VIE if we are determined to be the primary beneficiary. In certain situations, we may have a variable interest in a VIE that is consolidated by an affiliate, and in other instances, affiliates may have variable interests in a VIE that is consolidated by us. The total debt of consolidated VIEs held by affiliates was $305 million and $760 million as of September 30, 2022 and December 31, 2021, respectively. The interest expense incurred on the debt reflected in Interest expense on the Condensed Consolidated Statements of Income (Loss) was $9 million and $6 million for the three months ended September 30, 2022 and 2021, respectively, and $29 million and $56 million for the nine months ended September 30, 2022 and 2021, respectively. Additionally, during the nine months ended September 30, 2021, we terminated six VIEs and recorded a loss on extinguishment of debt of $145 million. There was no VIE terminated during the nine months ended September 30, 2022. The noncontrolling interest included in the Condensed Consolidated Balance Sheets related to the VIEs held by affiliates was $558 million and $1.5 billion as of September 30, 2022 and December 31, 2021, respectively. The gain/(loss) attributable to noncontrolling interest of consolidated VIEs held by affiliates was ($5 million) and $85 million for the three months ended September 30, 2022 and 2021, respectively, and $61 million and $141 million for the nine months ended September 30, 2022 and 2021, respectively. In addition to transactions with VIEs, Corebridge has entered into other structured financing arrangements supporting real estate properties and other types of assets with other AIG affiliates. These financing arrangements are reported in Other invested assets in the Condensed Consolidated Balance Sheets. Certain of these and the VIE structures above also include commitments for funding from other AIG affiliates.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Use of Estimates	USE OF ESTIMATES The preparation of financial statements in accordance with U.S. GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of: • fair value measurements of certain financial assets and liabilities; • valuation of liabilities for guaranteed benefit features of variable annuity products, fixed annuity products and fixed index annuity products, including the valuation of embedded derivatives; • estimated gross profits (“EGPs”) to value deferred policy acquisition costs (“DAC”) and unearned revenue (“URR”) for investment-oriented products, such as universal life insurance, variable and fixed annuities, and fixed index annuities; • valuation of future policy benefit liabilities and timing and extent of loss recognition; • valuation of embedded derivatives for fixed index annuity and life products; • reinsurance assets, including the allowance for credit losses; • allowance for credit losses primarily on loans and available-for-sale fixed maturity securities; • goodwill impairment; • liability for legal contingencies; • income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset.
Accounting Standards Adopted During 2022 and Future Application of Accounting Standards	ACCOUNTING STANDARDS ADOPTED DURING 2022 Reference Rate Reform On March 12, 2020, the Financial Accounting Standards Board (the “FASB”) issued an accounting standard that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The standard allows us to account for certain contract modifications that result from the discontinuation of the London Interbank Offered Rate (“LIBOR”) or another reference rate as a continuation of the existing contract without additional analysis. This standard may be elected and applied prospectively over time from March 12, 2020 through December 31, 2022 as reference rate reform activities occur. Where permitted by the guidance, we have accounted for contract modifications stemming from the discontinuation of LIBOR or another reference rate as a continuation of the existing contract. As part of our implementation efforts, we have and will continue to assess our operational readiness and current and alternative reference rates’ merits, limitations, risks and suitability for our investment and insurance processes. The adoption of the standard has not had, and is not expected to have, a material impact on our reported consolidated financial condition, results of operations, cash flows or required disclosures. FUTURE APPLICATION OF ACCOUNTING STANDARDS Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued an accounting standard update with the objective of making targeted improvements to the existing recognition, measurement, presentation and disclosure requirements for long-duration contracts issued by an insurance entity. The Company will adopt the standard on January 1, 2023. We continue to evaluate and expect the adoption of this standard will impact our financial condition, results of operations, statement of cash flows and disclosures, as well as systems, processes and controls. The Company will adopt the standard using the modified retrospective transition method relating to liabilities for traditional and limited payment contracts and deferred policy acquisition costs associated therewith. The Company will adopt the standard in relation to market risk benefits (“MRBs”) on a retrospective basis. Based upon this transition method, the Company currently estimates that the January 1, 2021 transition date (“Transition Date”) impact from adoption is likely to result in a decrease in the Company’s pre-tax equity between approximately $1.0 billion and $3.0 billion. The most significant drivers of the transition adjustment are expected to be (1) changes related to market risk benefits in our Individual Retirement and Group Retirement segments, including the impact of non-performance adjustments; (2) changes to the discount rate which will most significantly impact our Life Insurance and Institutional Markets segments; and (3) the removal of balances recorded in accumulated other comprehensive income (“AOCI”) related to changes in unrealized appreciation (depreciation) on investments. Market risk benefits: The standard requires the measurement of all MRBs (e.g., living benefit and death benefit guarantees associated with variable annuities) associated with deposit (or account balance) contracts at fair value at each reporting period. Changes in fair value compared to prior periods will be recorded and presented separately within the income statement, with the exception of instrument-specific credit risk changes (non-performance adjustments), which will be recognized in Other comprehensive income. MRBs will impact both retained earnings and AOCI upon transition. As MRBs are required to be accounted for at fair value, the quarterly valuation of these items will result in variability and volatility in the Company’s results following adoption. The accounting for MRBs will primarily impact our Individual Retirement and Group Retirement segments. Discount rate assumption: The standard requires the discount rate assumption for the liability for future policy benefits to be updated at the end of each reporting period using an upper-medium grade (low credit risk) fixed income instrument yield that maximizes the use of observable market inputs. Upon transition, the Company currently estimates an adjustment to AOCI due to the fact that the market upper-medium grade (low credit risk) interest rates as of the Transition Date differ from reserve interest accretion rates. Lower interest rates result in a higher liability for future policy benefits, and are anticipated to more significantly impact our Life Insurance and Institutional Markets segments. Following adoption, the impact of changes to discount rates will be recognized through other comprehensive income. Changes resulting from unlocking the discount rate each reporting period will primarily impact term life insurance and other traditional life insurance products, as well as pension risk transfer (“PRT”) and structured settlement products. Removal of balances related to changes in unrealized appreciation (depreciation) on investments: Under the standard, the majority of balances recorded in AOCI related to changes in unrealized appreciation (depreciation) on investments will be eliminated. In addition to the above, the standard also: • requires the review and, if necessary, update of future policy benefit assumptions at least annually for traditional and limited pay long-duration contracts, with the recognition and separate presentation of any resulting re-measurement gain or loss (except for discount rate changes as noted above) in the income statement; • simplifies the amortization of DAC to a constant level basis over the expected term of the related contracts with adjustments for unexpected terminations, but no longer requires an impairment test; and • increased disclosures of disaggregated roll-forwards of several balances, including: liabilities for future policy benefits, deferred acquisition costs, account balances, market risk benefits, separate account liabilities and information about significant inputs, judgments and methods used in measurement and changes thereto and impact of those changes. We expect that the accounting for Fortitude Re will continue to remain largely unchanged. With respect to Fortitude Re, the reinsurance assets, including the discount rates, will continue to be calculated using the same methodology and assumptions as the direct policies. Accounting for modified coinsurance (“modco”) remains unchanged. The Company has created a governance framework and a plan to support implementation of the updated standard. As part of its implementation plan, the Company has also advanced the modernization of its actuarial technology platform to enhance its modeling, data management, experience study and analytical capabilities, increase the end-to-end automation of key reporting and analytical processes and optimize its control framework. The Company has designed and begun implementation and testing of internal controls related to the new processes created as part of implementing the updated standard and will continue to refine these internal controls until the formal implementation in the first quarter of 2023. Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued an accounting standard update that eliminates the accounting guidance for troubled debt restructurings for creditors and amends the guidance on ‘‘vintage disclosures’’ to require disclosure of current-period gross write-offs by year of origination. The standard also updates the requirements for accounting for credit losses by adding enhanced disclosures for creditors related to loan refinancings and restructurings for borrowers experiencing financial difficulty. Because the Company has already adopted the current expected credit loss (“CECL”) model, the amendments in this standard are effective for fiscal years beginning after December 15, 2022, including interim periods within those years. We do not expect the standard to have a material impact on our reported consolidated financial condition, results of operations, cash flows or required disclosures. Fair Value Measurement On June 30, 2022, the FASB issued an accounting standards update to address diversity in practice by clarifying that a contractual sale restriction should not be considered in the measurement of the fair value of an equity security. It also requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. The guidance is effective for public companies for fiscal years beginning after December 15, 2023 and interim period within those years, with early adoption permitted. For entities other than investment companies, the accounting standards update applies prospectively, with any adjustments resulting from adoption recognized in earnings on the date of adoption. We are assessing the impact of this standard.
Fair Value Measurement	Assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets are measured and classified in accordance with a fair value hierarchy consisting of three “levels” based on the observability of valuation inputs: • Level 1: Fair value measurements based on quoted prices (unadjusted) in active markets that we have the ability to access for identical assets or liabilities. Market price data generally is obtained from exchange or dealer markets. We do not adjust the quoted price for such instruments. • Level 2: Fair value measurements based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. • Level 3: Fair value measurements based on valuation techniques that use significant inputs that are unobservable. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3. The circumstances for using these measurements include those in which there is little, if any, market activity for the asset or liability. Therefore, we must make certain assumptions about the inputs a hypothetical market participant would use to value that asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Interrelationships Between Unobservable Inputs We consider unobservable inputs to be those for which market data is not available and that are developed using the best information available to us about the assumptions that market participants would use when pricing the asset or liability. Relevant inputs vary depending on the nature of the instrument being measured at fair value. The following paragraphs provide a general description of significant unobservable inputs along with interrelationships between and among the significant unobservable inputs and their impact on the fair value measurements. In practice, simultaneous changes in assumptions may not always have a linear effect on the inputs discussed below. Interrelationships may also exist between observable and unobservable inputs. Such relationships have not been included in the discussion below. For each of the individual relationships described below, the inverse relationship would also generally apply. Fixed maturity securities The significant unobservable input used in the fair value measurement of fixed maturity securities is yield. The yield is affected by the market movements in credit spreads and U.S. Treasury yields. The yield may be affected by other factors, including constant prepayment rates, loss severity and constant default rates. In general, increases in the yield would decrease the fair value of investments, and conversely, decreases in the yield would increase the fair value of investments. Embedded derivatives within Policyholder contract deposits Embedded derivatives reported within Policyholder contract deposits include interest crediting rates based on market indices within fixed index annuities, indexed life and GICs as well as GMWB within variable annuity and certain fixed index annuity products. For any given contract, assumptions for unobservable inputs vary throughout the period over which cash flows are projected for purposes of valuing the embedded derivative. The following unobservable inputs are used for valuing embedded derivatives measured at fair value: • Long-term equity volatilities represent equity volatility beyond the period for which observable equity volatilities are available. Increases in assumed volatility will generally increase the fair value of both the projected cash flows from rider fees as well as the projected cash flows related to benefit payments. Therefore, the net change in the fair value of the liability may be either a decrease or an increase, depending on the relative changes in projected rider fees and projected benefit payments. • Equity/interest rate correlation estimates the relationship between changes in equity returns and interest rates in the economic scenario generator used to value our GMWB embedded derivatives. In general, a higher positive correlation assumes that equity markets and interest rates move in a more correlated fashion, which generally increases the fair value of the liability. • Base lapse rate assumptions are determined by company experience and judgment and are adjusted at the contract level using a dynamic lapse function, which reduces the base lapse rate when the contract is in-the-money (when the contract holder’s guaranteed value, as estimated by the company, is worth more than their underlying account value). Lapse rates are also generally assumed to be lower in periods when a surrender charge applies. Increases in assumed lapse rates will generally decrease the fair value of the liability as fewer policyholders would persist to collect guaranteed withdrawal amounts. • Mortality rate assumptions, which vary by age and gender, are based on company experience and include a mortality improvement assumption. Increases in assumed mortality rates will decrease the fair value of the liability, while lower mortality rate assumptions will generally increase the fair value of the liability because guaranteed payments will be made for a longer period of time. • Utilization assumptions estimate the timing when policyholders with a GMWB will elect to utilize their benefit and begin taking withdrawals. The assumptions may vary by the type of guarantee, tax-qualified status, the contract’s withdrawal history and the age of the policyholder. Utilization assumptions are based on company experience and other factors, which includes partial withdrawal behavior. Increases in assumed utilization rates will generally increase the fair value of the liability. • Option budget estimates the expected long-term cost of options used to hedge exposures associated with equity price changes. The level of option budgets determines future costs of the options, which impacts the growth in account value and the valuation of embedded derivatives. • Non-performance or “own credit” risk adjustment used in the valuation of embedded derivatives, which reflects a market participant’s view of our claims-paying ability by incorporating a different spread (the NPA spread) to the curve used to discount projected benefit cash flows. When corporate credit spreads widen, the change in the NPA spread generally reduces the fair value of the embedded derivative liabilities, resulting in a gain, and when corporate credit spreads narrow or tighten, the change in the NPA spread generally increases the fair value of the embedded derivative liabilities, resulting in a loss. In addition to changes driven by credit market-related movements in the NPA spread, the NPA balance also reflects changes in business activity and in the net amount at risk from the underlying guaranteed living benefits offered by variable and certain fixed index annuities. • The projected cash flows incorporate best estimate assumptions for policyholder behavior (including mortality, lapses, withdrawals and benefit utilization), along with an explicit risk margin to reflect a market participant’s estimates of projected cash flows and policyholder behavior. Estimates of future policyholder behavior assumptions are subjective and based primarily on our historical experience. Embedded derivatives within reinsurance contracts The fair value of embedded derivatives associated with funds withheld reinsurance contracts is determined based upon a total return swap technique with reference to the fair value of the investments held by Corebridge related to Corebridge’s funds withheld payable. The fair value of the underlying assets is generally based on market observable inputs using industry standard valuation techniques. The valuation also requires certain significant inputs, which are generally not observable, and accordingly, the valuation is considered Level 3 in the fair value hierarchy. Information regarding the estimation of fair value for financial instruments not carried at fair value (excluding insurance contracts and lease contracts) is discussed below: • Mortgage and other loans receivable: Fair values of loans on commercial real estate and other loans receivable are estimated for disclosure purposes using discounted cash flow calculations based on discount rates that we believe market participants would use in determining the price that they would pay for such assets. For certain loans, our current incremental lending rates for similar types of loans are used as the discount rates, because we believe this rate approximates the rates market participants would use. Fair values of residential mortgage loans are generally determined based on market prices, using market-based adjustments for credit and servicing as appropriate. The fair values of policy loans are generally estimated based on unpaid principal amount as of each reporting date. No consideration is given to credit risk because policy loans are effectively collateralized by the cash surrender value of the policies. • Other invested assets: Certain of our subsidiaries are members of Federal Home Loan Banks (FHLBs) and such membership requires the members to own stock in these FHLBs. The carrying amounts of these stocks approximate fair values. • Cash and short-term investments: The carrying amounts of these assets approximate fair values because of the relatively short period of time between origination and expected realization, and their limited exposure to credit risk. • Policyholder contract deposits associated with investment-type contracts: Fair values for policyholder contract deposits associated with investment-type contracts not accounted for at fair value are estimated using discounted cash flow calculations based on interest rates currently being offered for similar contracts with maturities consistent with those of the contracts being valued. When no similar contracts are being offered, the discount rate is the appropriate swap rate (if available) or current risk-free interest rate consistent with the currency in which the cash flows are denominated. To determine fair value, other factors include current policyholder account values and related surrender charges and other assumptions include expectations about policyholder behavior and an appropriate risk margin. • Other liabilities: The majority of the Other liabilities that are financial instruments not measured at fair value represent secured financing arrangements, including repurchase agreements. The carrying amounts of these liabilities approximate fair value because the financing arrangements are short-term and are secured by cash or other liquid collateral. • Fortitude Re funds withheld payable: The funds withheld payable contains an embedded derivative and the changes in its fair value are recognized in earnings each period. The difference between the total Fortitude Re funds withheld payable and the embedded derivative represents the host contract. • Short-term and long-term debt and debt of consolidated investment entities: Fair values of these obligations were determined by reference to quoted market prices, when available and appropriate, or discounted cash flow calculations based upon our current market observable implicit credit spread rates for similar types of borrowings with maturities consistent with those remaining for the debt being valued. • Separate Account Liabilities—Investment Contracts:
Investments	We purchase certain RMBS securities that have experienced more-than-insignificant deterioration in credit quality since origination. Subsequent to the adoption of the Financial Instruments Credit Losses Standard, these are referred to as PCD assets. At the time of purchase an allowance is recognized for these PCD assets by adding it to the purchase price to arrive at the initial amortized cost. There is no credit loss expense recognized upon acquisition of a PCD asset. When determining the initial allowance for credit losses, management considers the historical performance of underlying assets and available market information as well as bond-specific structural considerations, such as credit enhancement and the priority of payment structure of the security. In addition, the process of estimating future cash flows includes, but is not limited to, the following critical inputs: • current delinquency rates; • expected default rates and the timing of such defaults; • loss severity and the timing of any recovery; and • expected prepayment speeds. Subsequent to the acquisition date, the PCD assets follow the same accounting as other structured securities that are not of high credit quality.
Reinsurance	In February 2018, AGL, VALIC and USL entered into a modco agreement with Fortitude Re, a wholly-owned AIG subsidiary and registered Class 4 and Class E reinsurer in Bermuda. Fortitude Holdings was formed by AIG to act as a holding company for Fortitude Re. These reinsurance transactions between Corebridge and Fortitude Re were structured as modco arrangements. In the modco, the investments supporting the reinsurance agreements, and which reflect the majority of the consideration that would be paid to the reinsurer for entering into the transaction, are withheld by, and therefore continue to reside on the balance sheet of, the ceding company (i.e., Corebridge) thereby creating an obligation for the ceding company to pay the reinsurer (i.e., Fortitude Re) at a later date. Additionally, as Corebridge maintains ownership of these investments, Corebridge will maintain its existing accounting for these assets (e.g., the changes in fair value of available-for-sale securities will be recognized within other comprehensive income (loss)). Corebridge has established a funds withheld payable to Fortitude Re while simultaneously establishing a reinsurance asset representing reserves for the insurance coverage that Fortitude Re has assumed. The funds withheld payable contains an embedded derivative and changes in fair value of the embedded derivative related to the funds withheld payable are recognized in earnings through realized gains (losses). This embedded derivative is considered a total return swap with contractual returns that are attributable to various assets and liabilities associated with these reinsurance agreements. There is a diverse pool of assets supporting the funds withheld arrangements with Fortitude Re. The following summarizes the composition of the pool of assets: September 30, 2022 December 31, 2021 (in millions) Carrying Value Fair Value Carrying Value Fair Value Corresponding Accounting Policy Fixed maturity securities - available for sale $ 16,691 $ 16,691 $ 27,180 $ 27,180 Fair value through other comprehensive income Fixed maturity securities - fair value option 3,137 3,137 1,593 1,593 Fair value through net investment income Commercial mortgage loans 3,479 3,250 3,179 3,383 Amortized cost Real estate investments 139 364 201 395 Amortized cost Private equity funds/hedge funds 1,861 1,861 1,606 1,606 Fair value through net investment income Policy loans 357 357 380 380 Amortized cost Short-term Investments 159 159 50 50 Fair value through net investment income Funds withheld investment assets 25,823 25,819 34,189 34,587 Derivative assets, net (a) 97 97 81 81 Fair value through realized gains (losses) Other (b) 643 643 476 476 Amortized cost Total $ 26,563 $ 26,559 $ 34,746 $ 35,144 (a) The derivative assets and liabilities have been presented net of cash collateral. The derivative assets supporting the Fortitude Re funds withheld arrangements had a fair market value of $355 million and $387 million as of September 30, 2022 and December 31, 2021, respectively. These derivative assets and liabilities are fully collateralized either by cash or securities. (b) Primarily comprised of Cash and Accrued investment income. The estimation of reinsurance recoverables involves a significant amount of judgment. Reinsurance assets include reinsurance recoverables on future policy benefits and policyholder contract deposits that are estimated as part of our insurance liability valuation process and, consequently, are subject to similar judgments and uncertainties as the estimation of gross loss reserves. We assess the collectability of reinsurance recoverable balances in each reporting period, through either historical trends of disputes and credit events or financial analysis of the credit quality of the reinsurer. We record adjustments to reflect the results of these assessments through an allowance for credit losses and disputes on uncollectable reinsurance that reduces the carrying amount of reinsurance and other assets on the Condensed Consolidated Balance Sheets (collectively, the reinsurance recoverable balances). This estimate requires significant judgment for which key considerations include: • paid and unpaid amounts recoverable; • whether the balance is in dispute or subject to legal collection; • the relative financial health of the reinsurer as classified by the Obligor Risk Ratings (“ORRs”) we assign to each reinsurer based upon our financial reviews; insurers that are financially troubled (i.e., in run-off, have voluntarily or involuntarily been placed in receivership, are insolvent, are in the process of liquidation or otherwise subject to formal or informal regulatory restriction) are assigned ORRs that will generate a significant allowance; and • whether collateral and collateral arrangements exist.
Credit Losses	The estimation of reinsurance recoverables involves a significant amount of judgment. Reinsurance assets include reinsurance recoverables on future policy benefits and policyholder contract deposits that are estimated as part of our insurance liability valuation process and, consequently, are subject to similar judgments and uncertainties as the estimation of gross loss reserves. We assess the collectability of reinsurance recoverable balances in each reporting period, through either historical trends of disputes and credit events or financial analysis of the credit quality of the reinsurer. We record adjustments to reflect the results of these assessments through an allowance for credit losses and disputes on uncollectable reinsurance that reduces the carrying amount of reinsurance and other assets on the Condensed Consolidated Balance Sheets (collectively, the reinsurance recoverable balances). This estimate requires significant judgment for which key considerations include: • paid and unpaid amounts recoverable; • whether the balance is in dispute or subject to legal collection; • the relative financial health of the reinsurer as classified by the Obligor Risk Ratings (“ORRs”) we assign to each reinsurer based upon our financial reviews; insurers that are financially troubled (i.e., in run-off, have voluntarily or involuntarily been placed in receivership, are insolvent, are in the process of liquidation or otherwise subject to formal or informal regulatory restriction) are assigned ORRs that will generate a significant allowance; and • whether collateral and collateral arrangements exist.
Segment Information	We report our results of operations consistent with the manner in which our chief operating decision makers review the business to assess performance and allocate resources. We report our results of operations as five reportable segments: • Individual Retirement – consists of fixed annuities, fixed index annuities, variable annuities and retail mutual funds. On February 8, 2021, we announced the execution of a definitive agreement with Touchstone to sell certain assets of our retail mutual funds business. This Touchstone transaction closed on July 16, 202 1. For further information on this sale, see Note 1 to our audited annual consolidated financial statements. • Group Retirement – consists of record-keeping, plan administrative and compliance services, financial planning and advisory solutions offered in-plan, along with proprietary and non-proprietary annuities, advisory and brokerage products offered out-of-plan. • Life Insurance – primary products in the United States include term life and universal life insurance. The International Life business issues individual and group life insurance in the United Kingdom, and distributes medical insurance in Ireland. • Institutional Markets – consists of stable value wrap (“SVW”) products, structured settlement and PRT annuities, guaranteed investment contracts (“GICs”) and Corporate Market products that include corporate-and bank-owned life insurance, private placement variable universal life and private placement variable annuities products. • Corporate and Other – consists primarily of: – Corporate expenses not attributable to our other segments; – interest expense on financial debt; – results of our consolidated investment entities; – institutional asset management business, which includes managing assets for non-consolidated affiliates; and – results of our legacy insurance lines ceded to Fortitude Re. We evaluate segment performance based on adjusted revenues and adjusted pre-tax operating income (loss) (“APTOI”). Adjusted revenues are derived by excluding certain items from total revenues. APTOI is derived by excluding certain items from income from operations before income tax. These items generally fall into one or more of the following broad categories: legacy matters having no relevance to our current businesses or operating performance; adjustments to enhance transparency to the underlying economics of transactions; and adjustments that we believe to be common to the industry. Legal entities are attributed to each segment based upon the predominance of activity in that legal entity. APTOI excludes the impact of the following items: Fortitude-related adjustments: The modco reinsurance agreements with Fortitude Re transfer the economics of the invested assets supporting the reinsurance agreements to Fortitude Re. Accordingly, the net investment income on Fortitude Re funds withheld assets and the net realized gains (losses) on Fortitude Re funds withheld assets are excluded from APTOI. Similarly, changes in the Fortitude Re funds withheld embedded derivative are also excluded from APTOI. As a result of entering into the reinsurance agreements with Fortitude Re we recorded a loss which was primarily attributed to the write-off of DAC, VOBA and deferred cost of reinsurance assets. The total loss and the ongoing results associated with the reinsurance agreement with Fortitude Re have been excluded from APTOI as these are not indicative of our ongoing business operations. Investment-related adjustments: APTOI excludes “Net realized gains (losses),” including changes in the allowance for credit losses on available-for-sale securities and loans, as well as gains or losses from sales of securities, except for gains (losses) related to the disposition of real estate investments. Net realized gains (losses), except for gains (losses) related to the disposition of real estate investments, are excluded as the timing of sales on invested assets or changes in allowances depend largely on market credit cycles and can vary considerably across periods. In addition, changes in interest rates may create opportunistic scenarios to buy or sell invested assets. Our derivative results, including those used to economically hedge insurance liabilities, also included in net realized gains (losses) are similarly excluded from APTOI except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedges or for asset replication. Earned income on such economic hedges is reclassified from net realized gains and losses to specific APTOI line items based on the economic risk being hedged (e.g., net investment income and interest credited to policyholder account balances). Our investment-oriented contracts, such as universal life insurance, and fixed, fixed index and variable annuities, are also impacted by net realized gains (losses), and these secondary impacts are also excluded from APTOI. Specifically, the changes in benefit reserves and DAC, VOBA and deferred sales inducement (“DSI”) assets related to net realized gains (losses) are excluded from APTOI. Variable and fixed index annuities and index universal life insurance products adjustments: Certain of our variable annuity contracts contain guaranteed minimum withdrawal benefits (“GMWBs”) and are accounted for as embedded derivatives. Additionally, certain fixed index annuity contracts contain GMWB or indexed interest credits which are accounted for as embedded derivatives, and our index universal life insurance products also contain embedded derivatives. Changes in the fair value of these embedded derivatives, including rider fees attributed to the embedded derivatives, are recorded through “Net realized gains (losses)” and are excluded from APTOI. Changes in the fair value of securities used to hedge guaranteed living benefits are excluded from APTOI. Other adjustments: Other adjustments represent all other adjustments that are excluded from APTOI and includes the net pre-tax operating income (losses) from noncontrolling interests related to consolidated investment entities. The excluded adjustments include, as applicable: • restructuring and other costs related to initiatives designed to reduce operating expenses, improve efficiency and simplify our organization; • non-recurring costs associated with the implementation of non-ordinary course legal or regulatory changes or changes to accounting principles; • separation costs; • non-operating litigation reserves and settlements; • loss (gain) on extinguishment of debt; • losses from the impairment of goodwill; and • income and loss from divested or run-off business.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Operations by Segment	The following table presents Corebridge’s operations by segment: (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Three Months Ended September 30, 2022 Premiums $ 56 $ 3 $ 422 $ 804 $ 20 $ — $ 1,305 $ — $ 1,305 Policy fees 203 109 371 49 — — 732 — 732 Net investment income (a) 940 491 307 257 39 (3) 2,031 129 2,160 Net realized gains (losses) (a)(b) — — — — 132 — 132 2,568 2,700 Advisory fee and other income 108 74 28 — 31 — 241 3 244 Total adjusted revenues 1,307 677 1,128 1,110 222 (3) 4,441 2,700 7,141 Policyholder benefits 165 24 698 915 — — 1,802 8 1,810 Interest credited to policyholder account balances 488 286 84 85 — — 943 1 944 Amortization of deferred policy acquisition costs 234 22 59 2 — — 317 22 339 Non-deferrable insurance commissions 87 31 30 7 1 — 156 — 156 Advisory fee expenses 34 31 — — — — 65 — 65 General operating expenses 100 103 154 18 97 1 473 105 578 Interest expense — — — — 144 (8) 136 13 149 Net (gain) loss on divestitures — — — — — — — (2) (2) Total benefits and expenses 1,108 497 1,025 1,027 242 (7) 3,892 147 4,039 Noncontrolling interests — — — — (126) — (126) Adjusted pre-tax operating income (loss) $ 199 $ 180 $ 103 $ 83 $ (146) $ 4 $ 423 Adjustments to: Total revenue 2,700 Total expenses 147 Noncontrolling interests 126 Income before income tax (benefit) $ 3,102 $ 3,102 (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Three Months Ended September 30, 2021 Premiums $ 68 $ 7 $ 347 $ 499 $ 21 $ — $ 942 $ (1) $ 941 Policy fees 244 135 288 47 — — 714 — 714 Net investment income (a) 1,110 606 440 301 122 (11) 2,568 437 3,005 Net realized gains (losses) (a)(b) — — — — 152 — 152 419 571 Advisory fee and other income 145 89 29 1 26 — 290 — 290 Total adjusted revenues 1,567 837 1,104 848 321 (11) 4,666 855 5,521 Policyholder benefits 205 32 662 598 — — 1,497 17 1,514 Interest credited to policyholder account balances 487 289 88 75 — — 939 (19) 920 Amortization of deferred policy acquisition costs 373 16 (7) 1 — — 383 5 388 Non-deferrable insurance commissions 94 31 36 6 1 — 168 — 168 Advisory fee expenses 43 34 — — — — 77 — 77 General operating expenses 98 109 198 24 88 (6) 511 10 521 Interest expense 10 9 6 2 50 (7) 70 13 83 Net (gain) loss on divestitures — — — — — — — (103) (103) Total benefits and expenses 1,310 520 983 706 139 (13) 3,645 (77) 3,568 Noncontrolling interests — — — — (149) — (149) Adjusted pre-tax operating income (loss) $ 257 $ 317 $ 121 $ 142 $ 33 $ 2 $ 872 Adjustments to: Total revenue 855 Total expenses (77) Noncontrolling interests 149 Income before income tax (benefit) $ 1,953 $ 1,953 (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Nine Months Ended September 30, 2022 Premiums $ 168 $ 16 $ 1,284 $ 1,538 $ 62 $ — $ 3,068 $ (22) $ 3,046 Policy fees 637 347 1,109 145 — — 2,238 — 2,238 Net investment income (a) 2,824 1,506 1,013 760 361 (13) 6,451 570 7,021 Net realized gains (losses) (a)(b) — — — — 143 — 143 9,561 9,704 Advisory fee and other income 346 232 94 1 101 — 774 27 801 Total adjusted revenues 3,975 2,101 3,500 2,444 667 (13) 12,674 10,136 22,810 Policyholder benefits 494 78 2,318 1,863 — — 4,753 (1) 4,752 Interest credited to policyholder account balances 1,392 853 256 215 — — 2,716 9 2,725 Amortization of deferred policy acquisition costs 613 85 192 5 — — 895 418 1,313 Non-deferrable insurance commissions 265 89 104 21 2 — 481 — 481 Advisory fee expenses 106 95 — — — — 201 — 201 General operating expenses 318 332 479 55 297 2 1,483 258 1,741 Interest expense — — — — 349 (29) 320 37 357 Net (gain) loss on divestitures — — — — — — — 1 1 Total benefits and expenses 3,188 1,532 3,349 2,159 648 (27) 10,849 722 11,571 Noncontrolling interests — — — — (281) — (281) Adjusted pre-tax operating income (loss) $ 787 $ 569 $ 151 $ 285 $ (262) $ 14 $ 1,544 Adjustments to: Total revenue 10,136 Total expenses 722 Noncontrolling interests 281 Income before income tax (benefit) $ 11,239 $ 11,239 (in millions) Individual Retirement Group Retirement Life Insurance Institutional Markets Corporate & Other Eliminations Total Corebridge Adjustments Total Consolidated Nine Months Ended September 30, 2021 Premiums $ 125 $ 15 $ 1,171 $ 1,624 $ 65 $ — $ 3,000 $ (12) $ 2,988 Policy fees 717 389 1,023 140 — — 2,269 — 2,269 Net investment income (a) 3,254 1,810 1,241 861 304 (45) 7,425 1,322 8,747 Net realized gains (losses) (a)(b) — — — — 198 — 198 1,462 1,660 Advisory fee and other income 454 248 80 2 103 — 887 — 887 Total adjusted revenues 4,550 2,462 3,515 2,627 670 (45) 13,779 2,772 16,551 Policyholder benefits 418 58 2,417 1,896 — — 4,789 21 4,810 Interest credited to policyholder account balances 1,346 859 265 221 — — 2,691 (30) 2,661 Amortization of deferred policy acquisition costs 620 45 110 4 — — 779 97 876 Non-deferrable insurance commissions 271 89 100 19 2 — 481 — 481 Advisory fee expenses 149 96 — — — — 245 — 245 General operating expenses 319 329 514 62 290 (5) 1,509 44 1,553 Interest expense 36 28 19 7 216 (39) 267 28 295 Loss on extinguishment of debt — — — — — — — 229 229 Net (gain) loss on divestitures — — — — — — — (103) (103) Total benefits and expenses 3,159 1,504 3,425 2,209 508 (44) 10,761 286 11,047 Noncontrolling interests — — — — (259) — (259) Adjusted pre-tax operating income (loss) $ 1,391 $ 958 $ 90 $ 418 $ (97) $ (1) $ 2,759 Adjustments to: Total revenue 2,772 Total expenses 286 Noncontrolling interests 259 Income before income tax (benefit) $ 5,504 $ 5,504 (a) Adjustments include Fortitude Re activity of $1,531 million and $419 million for the three months ended September 30, 2022 and 2021, respectively, and $7,039 million and $1,789 million for the nine months ended September 30, 2022 and 2021, respectively. (b) Net realized gains (losses) includes the gains (losses) related to the disposition of real estate investments.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents information about assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value measurement based on the observability of the inputs used: September 30, 2022 Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total (in millions) Assets: Bonds available for sale: U.S. government and government sponsored entities $ — $ 1,212 $ — $ — $ — $ 1,212 Obligations of states, municipalities and political subdivisions — 5,198 785 — — 5,983 Non-U.S. governments — 4,165 — — — 4,165 Corporate debt — 98,668 2,811 — — 101,479 RMBS (b) — 5,966 5,827 — — 11,793 CMBS — 9,148 684 — — 9,832 CLO (c) — 5,322 1,628 — — 6,950 ABS — 1,061 8,564 — — 9,625 Total bonds available for sale — 130,740 20,299 — — 151,039 Other bond securities: Obligations of states, municipalities and political subdivisions — 37 — — — 37 Non-U.S. governments — 21 — — — 21 Corporate debt — 1,348 550 — — 1,898 RMBS (d) — 73 119 — — 192 CMBS — 203 27 — — 230 CLO (e) — 235 1,366 — — 1,601 ABS — 68 728 — — 796 Total other bond securities — 1,985 2,790 — — 4,775 Equity securities 74 56 14 — — 144 Other invested assets (f) — — 1,690 — — 1,690 Derivative assets: Interest rate contracts 4 1,493 205 — — 1,702 Foreign exchange contracts — 2,262 — — — 2,262 Equity contracts 14 384 156 — — 554 Credit contracts — — — — — — Other contracts — — 16 — — 16 Counterparty netting and cash collateral — — — (3,359) (831) (4,190) Total derivative assets 18 4,139 377 (3,359) (831) 344 Short-term investments 35 1,572 — — — 1,607 Separate account assets 77,683 3,619 — — — 81,302 Total $ 77,810 $ 142,111 $ 25,170 $ (3,359) $ (831) $ 240,901 Liabilities: Policyholder contract deposits (g) $ — $ 140 $ 6,361 $ — $ — $ 6,501 Derivative liabilities: Interest rate contracts — 3,198 — — — 3,198 Foreign exchange contracts — 264 — — — 264 Equity contracts 4 77 3 — — 84 Credit contracts — — — — — — Other contracts — — — — — — Counterparty netting and cash collateral — — — (3,359) (104) (3,463) Total derivative liabilities 4 3,539 3 (3,359) (104) 83 Fortitude Re funds withheld payable (h) — — 797 — — 797 Debt of consolidated investment entities — — 5 — — 5 Total $ 4 $ 3,679 $ 7,166 $ (3,359) $ (104) $ 7,386 December 31, 2021 (in millions) Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total Assets: Bonds available for sale: U.S. government and government sponsored entities $ — $ 1,712 $ — $ — $ — $ 1,712 Obligations of states, municipalities and political subdivisions — 7,281 1,395 — — 8,676 Non-U.S. governments 7 6,390 — — — 6,397 Corporate debt — 138,156 1,907 — — 140,063 RMBS (b) — 7,363 7,595 — — 14,958 CMBS — 10,228 1,072 — — 11,300 CLO (c) — 4,364 3,038 — — 7,402 ABS — 660 7,400 — — 8,060 Total bonds available for sale 7 176,154 22,407 — — 198,568 Other bond securities: Obligations of states, municipalities and political subdivisions — 50 — — — 50 Non-U.S. governments — 17 — — — 17 Corporate debt — 866 134 — — 1,000 RMBS (d) — 93 106 — — 199 CMBS — 201 33 — — 234 CLO (e) — 134 149 — — 283 ABS — 94 205 — — 299 Total other bond securities — 1,455 627 — — 2,082 Equity securities 238 2 2 — — 242 Other invested assets (f) — — 1,892 — — 1,892 Derivative assets: Interest rate contracts — 1,911 — — — 1,911 Foreign exchange contracts — 672 — — — 672 Equity contracts 7 4,184 479 — — 4,670 Credit contracts — — 1 — — 1 Other contracts — 1 12 — — 13 Counterparty netting and cash collateral — — — (5,785) (798) (6,583) Total derivative assets 7 6,768 492 (5,785) (798) 684 Short-term investments 1 1,454 — — — 1,455 Separate account assets 105,221 3,890 — — — 109,111 Total $ 105,474 $ 189,723 $ 25,420 $ (5,785) $ (798) $ 314,034 Liabilities: Policyholder contract deposits (g) $ — $ 130 $ 9,694 $ — $ — $ 9,824 Derivative liabilities: Interest rate contracts 1 1,575 — — — 1,576 Foreign exchange contracts — 366 — — — 366 Equity contracts 1 4,048 22 — — 4,071 Credit contracts — — — — — — Other contracts — — — — — — Counterparty netting and cash collateral — — — (5,785) (37) (5,822) Total derivative liabilities 2 5,989 22 (5,785) (37) 191 Fortitude Re funds withheld payable (h) — — 7,974 — — 7,974 Debt of consolidated investment entities — — 5 — — 5 Total $ 2 $ 6,119 $ 17,695 $ (5,785) $ (37) $ 17,994 (a) Represents netting of derivative exposures covered by qualifying master netting agreements. (b) Includes investments in RMBS issued by related parties of $37 million and $2 million classified as Level 2 and Level 3, respectively, as of September 30, 2022. Additionally, includes investments in RMBS issued by related parties of $38 million and $9 million classified as Level 2 and Level 3, respectively, as of December 31, 2021. (c) Includes investments in CDOs issued by related parties of $0 and $862 million as of September 30, 2022 and December 31, 2021, respectively. The $862 million of CDOs are classified as Level 3. (d) Includes less than $1 million of investments in RMBS issued by related parties classified as Level 2 as of September 30, 2022 and December 31, 2021. (e) Includes investments in CDOs issued by special purpose entities of $1.3 billion as of September 30, 2022. The $1.3 billion of CDOs are classified as Level 3. No investments in CDOs issued by special purpose entities were held as of December 31, 2021. (f) Excludes investments that are measured at fair value using the net asset value (“NAV”) per share (or its equivalent), which totaled $5.9 billion and $5.2 billion as of September 30, 2022 and December 31, 2021, respectively. (g) Excludes basis adjustments for fair value hedges. (h) As discussed in Note 7 , the Fortitude Re funds withheld payable is created through modco and funds withheld reinsurance arrangements where the investments supporting the reinsurance agreements are withheld by and continue to reside on Corebridge’s balance sheet. This embedded derivative is valued as a total return swap with reference to the fair value of the invested assets held by Corebridge, which are primarily available-for-sale securities.
Schedule of Assets Measured on a Recurring Basis	The following tables present changes during the three- and nine-month periods ended September 30, 2022 and 2021 in Level 3 assets and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses) related to the Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets at September 30, 2022 and 2021: (in millions) Fair Value Net Other Purchases, Gross Gross Other (a) Fair Value Changes in Changes in Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, $ 931 $ — $ (106) $ (34) $ 1 $ (7) $ — $ 785 $ — $ (165) Corporate debt 1,836 (28) (32) (207) 1,360 (118) — 2,811 — (42) RMBS 6,144 73 (203) (179) 1 (9) — 5,827 — (177) CMBS 766 — (28) (55) 12 (11) — 684 — (37) CLO 2,798 (52) (3) (320) 222 (316) (701) 1,628 — (36) ABS 8,304 22 (416) 547 107 — — 8,564 — (450) Total bonds available for sale 20,779 15 (788) (248) 1,703 (461) (701) 20,299 — (907) Other bond securities: Corporate debt 461 (4) — 65 29 (1) — 550 (7) — RMBS 119 (4) — 4 — — — 119 (4) — CMBS 29 (2) — — — — — 27 (3) — CLO 130 20 — (125) 12 (16) 1,345 1,366 (2) — ABS 704 (30) — 54 — — — 728 (36) — Total other bond securities 1,443 (20) — (2) 41 (17) 1,345 2,790 (52) — Equity securities 7 — — 7 — — — 14 — — Other invested assets 1,803 58 (25) (124) — (22) — 1,690 39 — Total $ 24,032 $ 53 $ (813) $ (367) $ 1,744 $ (500) $ 644 $ 24,793 $ (13) $ (907) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 6,971 $ (937) $ — $ 327 $ — $ — $ — $ 6,361 $ 949 $ — Derivative liabilities, net: Interest rate contracts (137) (27) — (41) — — — (205) 29 — Foreign exchange contracts — (1) — 1 — — — — 1 — Equity contracts (145) 94 — (102) — — — (153) (89) — Credit contracts — — — — — — — — — — Other contracts (15) (16) — 15 — — — (16) 16 — Total derivative liabilities, net* (297) 50 — (127) — — — (374) (43) — Fortitude Re funds withheld payable 2,349 (1,463) — (89) — — — 797 1,506 — Debt of consolidated investment entities 6 (3) — 2 — — — 5 — — Total $ 9,029 $ (2,353) $ — $ 113 $ — $ — $ — $ 6,789 $ 2,412 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Three Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, $ 1,903 $ 1 $ (4) $ 24 $ — $ (61) $ (88) $ 1,775 $ — $ (4) Corporate debt 1,993 — (6) (70) 52 — — 1,969 — (6) RMBS 7,595 75 — (275) 8 (4) — 7,399 — — CMBS 967 4 (7) (20) — (20) — 924 — (7) CLO 2,814 — 135 (303) 50 (275) — 2,421 — 135 ABS 5,678 19 (30) 411 — — — 6,078 — (30) Total bonds available for sale 20,950 99 88 (233) 110 (360) (88) 20,566 — 88 Other bond securities: Corporate debt — — — — — — — — — — RMBS 72 1 — (5) — — — 68 — — CMBS 44 — — (10) — — — 34 (2) — CLO 176 2 — (15) — — — 163 (7) — ABS — — — — — — — — — — Total other bond securities 292 3 — (30) — — — 265 (9) — Equity securities 1 — — — — — — 1 — — Other invested assets 2,041 160 (3) (350) — — — 1,848 147 — Total $ 23,284 $ 262 $ 85 $ (613) $ 110 $ (360) $ (88) $ 22,680 $ 138 $ 88 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 9,386 $ (176) $ — $ 123 $ — $ (47) $ — $ 9,286 $ 370 $ — Derivative liabilities, net: Interest rate contracts (1) (2) — 3 — — — — 2 — Foreign exchange contracts — — — — — — — — — — Equity contracts (482) 58 — 57 — — — (367) (95) — Credit contracts (1) — — (1) — — — (2) (1) — Other contracts (9) (15) — 14 — — — (10) 16 — Total derivative liabilities, net* (493) 41 — 73 — — — (379) (78) — Fortitude Re funds withheld payable 7,293 195 — (33) — — — 7,455 332 — Debt of consolidated investment entities 5 1 — — — — — 6 (154) — Total $ 16,191 $ 61 $ — $ 163 $ — $ (47) $ — $ 16,368 $ 470 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other (a) Fair Value Changes in Changes in Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, $ 1,395 $ 1 $ (527) $ (94) $ 17 $ (7) $ — $ 785 $ — $ (317) Corporate debt 1,907 (45) (146) (190) 1,664 (379) — 2,811 — (149) RMBS 7,595 231 (908) (672) 1 (420) — 5,827 — (843) CMBS 1,072 13 (127) 20 12 (306) — 684 — (130) CLO 3,038 (71) (167) (238) 1,254 (1,487) (701) 1,628 — (167) ABS 7,400 62 (1,237) 2,252 107 (20) — 8,564 — (1,321) Total bonds available for sale 22,407 191 (3,112) 1,078 3,055 (2,619) (701) 20,299 — (2,927) Other bond securities: Corporate debt 134 (9) — 190 251 (16) — 550 (8) — RMBS 105 (13) — 27 — — — 119 (24) — CMBS 33 (6) — — — — — 27 (5) — CLO 150 (1) — (131) 68 (65) 1,345 1,366 (264) — ABS 204 (72) — 596 — — — 728 (94) — Total other bond securities 626 (101) — 682 319 (81) 1,345 2,790 (395) — Equity securities 2 — — 11 1 — — 14 — — Other invested assets 1,892 301 (51) (295) 24 (181) — 1,690 310 — Total $ 24,927 $ 391 $ (3,163) $ 1,476 $ 3,399 $ (2,881) $ 644 $ 24,793 $ (85) $ (2,927) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 9,694 $ (4,056) $ — $ 723 $ — $ — $ — $ 6,361 $ 4,302 $ — Derivative liabilities, net: Interest rate contracts — (22) — (183) — — — (205) 21 — Foreign exchange contracts — (1) — 1 — — — — 1 — Equity contracts (458) 482 — (177) — — — (153) (272) — Credit contracts — 1 — (1) — — — — — — Other contracts (12) (46) — 42 — — — (16) 47 — Total derivative liabilities, net (b) (470) 414 — (318) — — — (374) (203) — Fortitude Re funds withheld payable 7,974 (6,694) — (483) — — — 797 7,009 — Debt of consolidated investment entities 5 — — — — — — 5 — — Total $ 17,203 $ (10,336) $ — $ (78) $ — $ — $ — $ 6,789 $ 11,108 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Nine Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, $ 2,057 $ 5 $ (33) $ (80) $ — $ (86) $ (88) $ 1,775 $ — $ (12) Corporate debt 1,709 11 2 63 322 (138) — 1,969 — (4) RMBS 8,104 295 7 (977) 8 (38) — 7,399 — 28 CMBS 886 20 (37) 102 52 (99) — 924 — (22) CLO 3,362 (4) 4 (734) 636 (843) — 2,421 — 6 ABS 5,526 26 (6) 532 — — — 6,078 — 10 Total bonds available for sale 21,644 353 (63) (1,094) 1,018 (1,204) (88) 20,566 — 6 Other bond securities: Corporate debt — — — — — — — — — — RMBS 96 5 — (33) — — — 68 2 — CMBS 45 1 — (17) 5 — — 34 (1) — CLO 193 8 — (38) — — — 163 (7) — ABS — — — — — — — — — — Total other bond securities 334 14 — (88) 5 — — 265 (6) — Equity securities 42 11 — (121) 70 (1) — 1 — — Other invested assets 1,771 416 (10) (329) — — — 1,848 388 — Total $ 23,791 $ 794 $ (73) $ (1,632) $ 1,093 $ (1,205) $ (88) $ 22,680 $ 382 $ 6 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 10,038 $ (1,102) $ — $ 397 $ — $ (47) $ — $ 9,286 $ 1,923 $ — Derivative liabilities, net: Interest rate contracts — (3) — 3 — — — — 1 — Foreign exchange contracts — — — — — — — — — — Equity contracts (146) 48 — (202) (113) 46 — (367) (86) — Credit contracts (2) 8 — (8) — — — (2) (1) — Other contracts (7) (46) — 43 — — — (10) 48 — Total derivative liabilities, net (b) (155) 7 — (164) (113) 46 — (379) (38) — Fortitude Re funds withheld payable 7,749 29 — (323) — — — 7,455 1,570 — Debt of consolidated investment entities 951 178 — (1,123) — — — 6 (154) — Total $ 18,583 $ (888) $ — $ (1,213) $ (113) $ (1) $ — $ 16,368 $ 3,301 $ — (a) On September 9, 2022, certain of our insurance companies purchased from AIG senior debt issued by, as well as 100% of the ownership interests in, special purpose entities that held collateralized debt obligations. As a result of these transactions, we own all of the interests related to these investments and consolidate them in our financial statements. (b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three- and nine-month periods ended September 30, 2022 and 2021 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets: (in millions) Purchases Sales Issuances Purchases, Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ — $ (34) $ (34) Corporate debt 21 (39) (189) (207) RMBS 56 — (235) (179) CMBS — — (55) (55) CLO 165 (25) (460) (320) ABS 416 — 131 547 Total bonds available for sale 658 (64) (842) (248) Other bond securities: Corporate debt 4 (3) 64 65 RMBS 7 — (3) 4 CMBS — — — — CLO 1 (123) (3) (125) ABS 62 — (8) 54 Total other bond securities 74 (126) 50 (2) Equity securities 6 — 1 7 Other invested assets 28 — (152) (124) Total assets $ 766 $ (190) $ (943) $ (367) (in millions) Purchases Sales Issuances Purchases, Liabilities: Policyholder contract deposits $ — $ 294 $ 33 $ 327 Derivative liabilities, net (126) — (1) (127) Fortitude Re funds withheld payable — — (89) (89) Debt of consolidated investment entities — — 2 2 Total liabilities $ (126) $ 294 $ (55) $ 113 Three Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 31 $ — $ (7) $ 24 Corporate debt — (35) (35) (70) RMBS 141 — (416) (275) CMBS 1 (3) (18) (20) CLO 168 119 (590) (303) ABS 560 — (149) 411 Total bonds available for sale 901 81 (1,215) (233) Other bond securities: Corporate debt — — — — RMBS — — (5) (5) CMBS — (10) — (10) CLO — — (15) (15) ABS — — — — Total other bond securities — (10) (20) (30) Equity securities — — — — Other invested assets 31 — (381) (350) Total assets $ 932 $ 71 $ (1,616) $ (613) Liabilities: Policyholder contract deposits $ — $ 217 $ (94) $ 123 Derivative liabilities, net 71 — 2 73 Fortitude Re funds withheld payable — — (33) (33) Debt of consolidated investment entities (4) — 4 — Total liabilities $ 67 $ 217 $ (121) $ 163 (in millions) Purchases Sales Issuances Purchases, Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ (59) $ (35) $ (94) Corporate debt 25 (39) (176) (190) RMBS 327 — (999) (672) CMBS 98 — (78) 20 CLO 337 (25) (550) (238) ABS 2,365 — (113) 2,252 Total bonds available for sale 3,152 (123) (1,951) 1,078 Other bond securities: Corporate debt 29 (3) 164 190 RMBS 38 — (11) 27 CMBS — — — — CLO 14 (123) (22) (131) ABS 610 — (14) 596 Total other bond securities 691 (126) 117 682 Equity securities 10 — 1 11 Other invested assets 537 — (832) (295) Total assets $ 4,390 $ (249) $ (2,665) $ 1,476 Liabilities: Policyholder contract deposits $ — $ 763 $ (40) $ 723 Derivative liabilities, net (290) — (28) (318) Fortitude Re funds withheld payable — — (483) (483) Debt of consolidated investment entities — — — — Total liabilities $ (290) $ 763 $ (551) $ (78) Nine Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 37 $ (24) $ (93) $ (80) Corporate debt 427 (36) (328) 63 RMBS 260 — (1,237) (977) CMBS 149 (3) (44) 102 CLO 437 119 (1,290) (734) ABS 1,302 (21) (749) 532 Total bonds available for sale 2,612 35 (3,741) (1,094) Other bond securities: Corporate debt — — — — RMBS — — (33) (33) CMBS — (17) — (17) CLO — — (38) (38) ABS — — — — Total other bond securities — (17) (71) (88) Equity securities — — (121) (121) Other invested assets 423 — (752) (329) Total assets $ 3,035 $ 18 $ (4,685) $ (1,632) Liabilities: Policyholder contract deposits $ — $ 606 $ (209) $ 397 Derivative liabilities, net (76) — (88) (164) Fortitude Re funds withheld payable — — (323) (323) Debt of consolidated investment entities — — (1,123) (1,123) Total liabilities $ (76) $ 606 $ (1,743) $ (1,213) * There were no issuances during the three- and nine-month periods ended September 30, 2022 and 2021.
Schedule of Liabilities Measured on a Recurring Basis	The following tables present changes during the three- and nine-month periods ended September 30, 2022 and 2021 in Level 3 assets and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses) related to the Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets at September 30, 2022 and 2021: (in millions) Fair Value Net Other Purchases, Gross Gross Other (a) Fair Value Changes in Changes in Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, $ 931 $ — $ (106) $ (34) $ 1 $ (7) $ — $ 785 $ — $ (165) Corporate debt 1,836 (28) (32) (207) 1,360 (118) — 2,811 — (42) RMBS 6,144 73 (203) (179) 1 (9) — 5,827 — (177) CMBS 766 — (28) (55) 12 (11) — 684 — (37) CLO 2,798 (52) (3) (320) 222 (316) (701) 1,628 — (36) ABS 8,304 22 (416) 547 107 — — 8,564 — (450) Total bonds available for sale 20,779 15 (788) (248) 1,703 (461) (701) 20,299 — (907) Other bond securities: Corporate debt 461 (4) — 65 29 (1) — 550 (7) — RMBS 119 (4) — 4 — — — 119 (4) — CMBS 29 (2) — — — — — 27 (3) — CLO 130 20 — (125) 12 (16) 1,345 1,366 (2) — ABS 704 (30) — 54 — — — 728 (36) — Total other bond securities 1,443 (20) — (2) 41 (17) 1,345 2,790 (52) — Equity securities 7 — — 7 — — — 14 — — Other invested assets 1,803 58 (25) (124) — (22) — 1,690 39 — Total $ 24,032 $ 53 $ (813) $ (367) $ 1,744 $ (500) $ 644 $ 24,793 $ (13) $ (907) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 6,971 $ (937) $ — $ 327 $ — $ — $ — $ 6,361 $ 949 $ — Derivative liabilities, net: Interest rate contracts (137) (27) — (41) — — — (205) 29 — Foreign exchange contracts — (1) — 1 — — — — 1 — Equity contracts (145) 94 — (102) — — — (153) (89) — Credit contracts — — — — — — — — — — Other contracts (15) (16) — 15 — — — (16) 16 — Total derivative liabilities, net* (297) 50 — (127) — — — (374) (43) — Fortitude Re funds withheld payable 2,349 (1,463) — (89) — — — 797 1,506 — Debt of consolidated investment entities 6 (3) — 2 — — — 5 — — Total $ 9,029 $ (2,353) $ — $ 113 $ — $ — $ — $ 6,789 $ 2,412 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Three Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, $ 1,903 $ 1 $ (4) $ 24 $ — $ (61) $ (88) $ 1,775 $ — $ (4) Corporate debt 1,993 — (6) (70) 52 — — 1,969 — (6) RMBS 7,595 75 — (275) 8 (4) — 7,399 — — CMBS 967 4 (7) (20) — (20) — 924 — (7) CLO 2,814 — 135 (303) 50 (275) — 2,421 — 135 ABS 5,678 19 (30) 411 — — — 6,078 — (30) Total bonds available for sale 20,950 99 88 (233) 110 (360) (88) 20,566 — 88 Other bond securities: Corporate debt — — — — — — — — — — RMBS 72 1 — (5) — — — 68 — — CMBS 44 — — (10) — — — 34 (2) — CLO 176 2 — (15) — — — 163 (7) — ABS — — — — — — — — — — Total other bond securities 292 3 — (30) — — — 265 (9) — Equity securities 1 — — — — — — 1 — — Other invested assets 2,041 160 (3) (350) — — — 1,848 147 — Total $ 23,284 $ 262 $ 85 $ (613) $ 110 $ (360) $ (88) $ 22,680 $ 138 $ 88 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 9,386 $ (176) $ — $ 123 $ — $ (47) $ — $ 9,286 $ 370 $ — Derivative liabilities, net: Interest rate contracts (1) (2) — 3 — — — — 2 — Foreign exchange contracts — — — — — — — — — — Equity contracts (482) 58 — 57 — — — (367) (95) — Credit contracts (1) — — (1) — — — (2) (1) — Other contracts (9) (15) — 14 — — — (10) 16 — Total derivative liabilities, net* (493) 41 — 73 — — — (379) (78) — Fortitude Re funds withheld payable 7,293 195 — (33) — — — 7,455 332 — Debt of consolidated investment entities 5 1 — — — — — 6 (154) — Total $ 16,191 $ 61 $ — $ 163 $ — $ (47) $ — $ 16,368 $ 470 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other (a) Fair Value Changes in Changes in Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, $ 1,395 $ 1 $ (527) $ (94) $ 17 $ (7) $ — $ 785 $ — $ (317) Corporate debt 1,907 (45) (146) (190) 1,664 (379) — 2,811 — (149) RMBS 7,595 231 (908) (672) 1 (420) — 5,827 — (843) CMBS 1,072 13 (127) 20 12 (306) — 684 — (130) CLO 3,038 (71) (167) (238) 1,254 (1,487) (701) 1,628 — (167) ABS 7,400 62 (1,237) 2,252 107 (20) — 8,564 — (1,321) Total bonds available for sale 22,407 191 (3,112) 1,078 3,055 (2,619) (701) 20,299 — (2,927) Other bond securities: Corporate debt 134 (9) — 190 251 (16) — 550 (8) — RMBS 105 (13) — 27 — — — 119 (24) — CMBS 33 (6) — — — — — 27 (5) — CLO 150 (1) — (131) 68 (65) 1,345 1,366 (264) — ABS 204 (72) — 596 — — — 728 (94) — Total other bond securities 626 (101) — 682 319 (81) 1,345 2,790 (395) — Equity securities 2 — — 11 1 — — 14 — — Other invested assets 1,892 301 (51) (295) 24 (181) — 1,690 310 — Total $ 24,927 $ 391 $ (3,163) $ 1,476 $ 3,399 $ (2,881) $ 644 $ 24,793 $ (85) $ (2,927) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 9,694 $ (4,056) $ — $ 723 $ — $ — $ — $ 6,361 $ 4,302 $ — Derivative liabilities, net: Interest rate contracts — (22) — (183) — — — (205) 21 — Foreign exchange contracts — (1) — 1 — — — — 1 — Equity contracts (458) 482 — (177) — — — (153) (272) — Credit contracts — 1 — (1) — — — — — — Other contracts (12) (46) — 42 — — — (16) 47 — Total derivative liabilities, net (b) (470) 414 — (318) — — — (374) (203) — Fortitude Re funds withheld payable 7,974 (6,694) — (483) — — — 797 7,009 — Debt of consolidated investment entities 5 — — — — — — 5 — — Total $ 17,203 $ (10,336) $ — $ (78) $ — $ — $ — $ 6,789 $ 11,108 $ — (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Nine Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, $ 2,057 $ 5 $ (33) $ (80) $ — $ (86) $ (88) $ 1,775 $ — $ (12) Corporate debt 1,709 11 2 63 322 (138) — 1,969 — (4) RMBS 8,104 295 7 (977) 8 (38) — 7,399 — 28 CMBS 886 20 (37) 102 52 (99) — 924 — (22) CLO 3,362 (4) 4 (734) 636 (843) — 2,421 — 6 ABS 5,526 26 (6) 532 — — — 6,078 — 10 Total bonds available for sale 21,644 353 (63) (1,094) 1,018 (1,204) (88) 20,566 — 6 Other bond securities: Corporate debt — — — — — — — — — — RMBS 96 5 — (33) — — — 68 2 — CMBS 45 1 — (17) 5 — — 34 (1) — CLO 193 8 — (38) — — — 163 (7) — ABS — — — — — — — — — — Total other bond securities 334 14 — (88) 5 — — 265 (6) — Equity securities 42 11 — (121) 70 (1) — 1 — — Other invested assets 1,771 416 (10) (329) — — — 1,848 388 — Total $ 23,791 $ 794 $ (73) $ (1,632) $ 1,093 $ (1,205) $ (88) $ 22,680 $ 382 $ 6 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Value Changes in Changes in Liabilities: Policyholder contract deposits $ 10,038 $ (1,102) $ — $ 397 $ — $ (47) $ — $ 9,286 $ 1,923 $ — Derivative liabilities, net: Interest rate contracts — (3) — 3 — — — — 1 — Foreign exchange contracts — — — — — — — — — — Equity contracts (146) 48 — (202) (113) 46 — (367) (86) — Credit contracts (2) 8 — (8) — — — (2) (1) — Other contracts (7) (46) — 43 — — — (10) 48 — Total derivative liabilities, net (b) (155) 7 — (164) (113) 46 — (379) (38) — Fortitude Re funds withheld payable 7,749 29 — (323) — — — 7,455 1,570 — Debt of consolidated investment entities 951 178 — (1,123) — — — 6 (154) — Total $ 18,583 $ (888) $ — $ (1,213) $ (113) $ (1) $ — $ 16,368 $ 3,301 $ — (a) On September 9, 2022, certain of our insurance companies purchased from AIG senior debt issued by, as well as 100% of the ownership interests in, special purpose entities that held collateralized debt obligations. As a result of these transactions, we own all of the interests related to these investments and consolidate them in our financial statements. (b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three- and nine-month periods ended September 30, 2022 and 2021 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets: (in millions) Purchases Sales Issuances Purchases, Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ — $ (34) $ (34) Corporate debt 21 (39) (189) (207) RMBS 56 — (235) (179) CMBS — — (55) (55) CLO 165 (25) (460) (320) ABS 416 — 131 547 Total bonds available for sale 658 (64) (842) (248) Other bond securities: Corporate debt 4 (3) 64 65 RMBS 7 — (3) 4 CMBS — — — — CLO 1 (123) (3) (125) ABS 62 — (8) 54 Total other bond securities 74 (126) 50 (2) Equity securities 6 — 1 7 Other invested assets 28 — (152) (124) Total assets $ 766 $ (190) $ (943) $ (367) (in millions) Purchases Sales Issuances Purchases, Liabilities: Policyholder contract deposits $ — $ 294 $ 33 $ 327 Derivative liabilities, net (126) — (1) (127) Fortitude Re funds withheld payable — — (89) (89) Debt of consolidated investment entities — — 2 2 Total liabilities $ (126) $ 294 $ (55) $ 113 Three Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 31 $ — $ (7) $ 24 Corporate debt — (35) (35) (70) RMBS 141 — (416) (275) CMBS 1 (3) (18) (20) CLO 168 119 (590) (303) ABS 560 — (149) 411 Total bonds available for sale 901 81 (1,215) (233) Other bond securities: Corporate debt — — — — RMBS — — (5) (5) CMBS — (10) — (10) CLO — — (15) (15) ABS — — — — Total other bond securities — (10) (20) (30) Equity securities — — — — Other invested assets 31 — (381) (350) Total assets $ 932 $ 71 $ (1,616) $ (613) Liabilities: Policyholder contract deposits $ — $ 217 $ (94) $ 123 Derivative liabilities, net 71 — 2 73 Fortitude Re funds withheld payable — — (33) (33) Debt of consolidated investment entities (4) — 4 — Total liabilities $ 67 $ 217 $ (121) $ 163 (in millions) Purchases Sales Issuances Purchases, Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ (59) $ (35) $ (94) Corporate debt 25 (39) (176) (190) RMBS 327 — (999) (672) CMBS 98 — (78) 20 CLO 337 (25) (550) (238) ABS 2,365 — (113) 2,252 Total bonds available for sale 3,152 (123) (1,951) 1,078 Other bond securities: Corporate debt 29 (3) 164 190 RMBS 38 — (11) 27 CMBS — — — — CLO 14 (123) (22) (131) ABS 610 — (14) 596 Total other bond securities 691 (126) 117 682 Equity securities 10 — 1 11 Other invested assets 537 — (832) (295) Total assets $ 4,390 $ (249) $ (2,665) $ 1,476 Liabilities: Policyholder contract deposits $ — $ 763 $ (40) $ 723 Derivative liabilities, net (290) — (28) (318) Fortitude Re funds withheld payable — — (483) (483) Debt of consolidated investment entities — — — — Total liabilities $ (290) $ 763 $ (551) $ (78) Nine Months Ended September 30, 2021 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 37 $ (24) $ (93) $ (80) Corporate debt 427 (36) (328) 63 RMBS 260 — (1,237) (977) CMBS 149 (3) (44) 102 CLO 437 119 (1,290) (734) ABS 1,302 (21) (749) 532 Total bonds available for sale 2,612 35 (3,741) (1,094) Other bond securities: Corporate debt — — — — RMBS — — (33) (33) CMBS — (17) — (17) CLO — — (38) (38) ABS — — — — Total other bond securities — (17) (71) (88) Equity securities — — (121) (121) Other invested assets 423 — (752) (329) Total assets $ 3,035 $ 18 $ (4,685) $ (1,632) Liabilities: Policyholder contract deposits $ — $ 606 $ (209) $ 397 Derivative liabilities, net (76) — (88) (164) Fortitude Re funds withheld payable — — (323) (323) Debt of consolidated investment entities — — (1,123) (1,123) Total liabilities $ (76) $ 606 $ (1,743) $ (1,213) * There were no issuances during the three- and nine-month periods ended September 30, 2022 and 2021.
Net Realized and Unrealized Gains and Losses Included in Income Related to Level 3 Assets and Liabilities	Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities shown above are reported in the Condensed Consolidated Statements of Income (Loss) as follows: (in millions) Policy Net Investment Income Net Realized and Unrealized Gains Interest Expense Total Three Months Ended September 30, 2022 Assets: Bonds available for sale $ — $ 68 $ (53) $ — $ 15 Other bond securities — (20) — — (20) Equity securities — — — — — Other invested assets — 58 — — 58 Three Months Ended September 30, 2021 Assets: Bonds available for sale $ — $ 106 $ (7) $ — $ 99 Other bond securities — 3 — — 3 Equity securities — — — — — Other invested assets — 165 (5) — 160 Nine Months Ended September 30, 2022 Assets: Bonds available for sale $ — $ 291 $ (100) $ — $ 191 Other bond securities — (101) — — (101) Equity securities — — — — — Other invested assets — 301 — — 301 Nine Months Ended September 30, 2021 Assets: Bonds available for sale $ — $ 354 $ (1) $ — $ 353 Other bond securities — 14 — — 14 Equity securities — 11 — — 11 Other invested assets — 405 11 — 416 (in millions) Policy Net Investment Income Net Realized and Unrealized Gains Interest Expense Total Three Months Ended September 30, 2022 Liabilities: Policyholder contract deposits $ — $ — $ 937 $ — $ 937 Derivative liabilities, net 17 — (67) — (50) Fortitude Re funds withheld payable — — 1,463 — 1,463 Debt of consolidated investment entities — — — (3) (3) Three Months Ended September 30, 2021 Liabilities: Policyholder contract deposits $ — $ — $ 176 $ — $ 176 Derivative liabilities, net 15 — (56) — (41) Fortitude Re funds withheld payable — — (195) — (195) Debt of consolidated investment entities — — — 1 1 Nine Months Ended September 30, 2022 Liabilities: Policyholder contract deposits $ — $ — $ 4,056 $ — $ 4,056 Derivative liabilities, net 46 — (460) — (414) Fortitude Re funds withheld payable — — 6,694 — 6,694 Debt of consolidated investment entities — — — — — Nine Months Ended September 30, 2021 Liabilities: Policyholder contract deposits $ — $ — $ 1,102 $ — $ 1,102 Derivative liabilities, net 44 — (51) — (7) Fortitude Re funds withheld payable — — (29) — (29) Debt of consolidated investment entities* — — — 178 178 * For the three months ended September 30, 2021, there was no loss on extinguishment of debt, and $1 million of interest expense. For the nine-month period ended September 30, 2021, includes $145 million of loss on extinguishment of debt, and $33 million of interest expense.
Fair Value Measurement Inputs and Valuation Techniques	The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments, and includes only those instruments for which information about the inputs is reasonably available to us, such as data from independent third-party valuation service providers and from internal valuation models. Because input information from third parties with respect to certain Level 3 instruments (primarily CLO/ABS) may not be reasonably available to us, balances shown below may not equal total amounts reported for such Level 3 assets and liabilities: (in millions) Fair Value at September 30, 2022 Valuation Unobservable Input (a) Range (Weighted Average) (b) Assets: Obligations of states, municipalities and political subdivisions $ 785 Discounted cash flow Yield 5.28%-5.97% (5.63%) Corporate debt 2,947 Discounted cash flow Yield 3.78% - 13.63% (8.70%) RMBS (c) 3,916 Discounted cash flow Constant prepayment rate 4.76% - 9.91% (7.34%) Loss severity 44.68% - 76.50% (60.59%) Constant default rate 0.85% - 2.73% (1.79%) Yield 5.55% - 7.20% (6.38%) CLO (c) 1,595 Discounted cash flow Yield 7.38% - 8.95% (8.16%) ABS (c) 6,485 Discounted cash flow Yield 5.71% - 7.36% (6.54%) CMBS 544 Discounted cash flow Yield 5.12% - 9.40% (7.26%) Liabilities (d) : Embedded derivatives within Policyholder contract deposits: Variable annuity guaranteed minimum withdrawal benefits (GMWB) 698 Discounted cash flow Equity volatility 6.05%- 48.05% Base lapse rate 0.16%- 12.60% Dynamic lapse multiplier (e) 20.00%- 186.00% Mortality multiplier (e)(f) 38.00%- 147.00% Utilization 90.00%- 100.00% Equity/interest-rate correlation 10.00%- 30.00% NPA (g) 0.13% - 2.29% Fixed index annuities including certain GMWBs 5,095 Discounted cash flow Lapse rate 0.50% - 50.00% Dynamic lapse multiplier 20.00% - 186.00% Mortality multiplier (f) 24.00% - 180.00% Utilization (h) 60.00% - 95.00% Option budget 0.00% - 5.00% Equity volatility 6.05%- 48.05% NPA (g) 0.13% - 2.29% Index Life 555 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 6.20%- 26.11% NPA (g) 0.13% - 2.29% (in millions) Fair Value at December 31, 2021 Valuation Unobservable Input (a) Range (Weighted Average) (b) Assets: Obligations of states, municipalities and political subdivisions $ 1,364 Discounted cash flow Yield 2.92% - 3.27% (3.10%) Corporate debt 1,789 Discounted cash flow Yield 1.75% - 7.05% (4.40%) RMBS (c) 7,141 Discounted cash flow Constant prepayment 5.18% - 18.41% (11.79%) Loss severity 24.87% - 72.64% (48.75%) Constant default rate 1.01% - 5.74% (3.37%) Yield 1.72% - 4.08% (2.90%) CLO (c) 3,174 Discounted cash flow Yield 2.94% - 4.93% (3.94%) ABS (c) 5,077 Discounted cash flow Yield 1.89% - 3.36% (2.63%) CMBS 887 Discounted cash flow Yield 1.54% - 4.49% (3.02%) Liabilities (d) : Embedded derivatives within Policyholder contract deposits: Variable annuity GMWB 2,472 Discounted cash flow Equity volatility 5.95% - 46.65% Base lapse rate 0.16% - 12.60% Dynamic lapse multiplier (e) 20.00% - 186.00% Mortality multiplier (e)(f) 38.00% - 147.00% Utilization 90.00% – 100.00% Equity/interest-rate correlation 20.00% - 40.00% NPA (g) 0.01% - 1.40% Fixed index annuities including certain GMWBs 6,445 Discounted cash flow Lapse rate 0.50% - 50.00% Dynamic lapse 20.00% - 186.00% Mortality multiplier (f) 24.00% - 180.00% Utilization (h) 60.00% - 95.00% Option budget 0.00% - 4.00% NPA (g) 0.01% - 1.40% Index Life 765 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% NPA (g) 0.01% - 1.40% (a) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (b) The weighted averaging for fixed maturity securities is based on the estimated fair value of the securities. Because the valuation methodology for embedded derivatives within policyholder contract deposits uses a range of inputs that vary at the contract level over the cash flow projection period, management believes that presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. Information received from third-party valuation service providers. (c) Information received from third-party valuation service providers. The ranges of the unobservable inputs for constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CLO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us because there are other factors relevant to the fair values of specific tranches owned by us, including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points. (d) The Fortitude Re funds withheld payable has been excluded from the above table. As discussed in Note 7 , the Fortitude Re funds withheld payable is created through modified coinsurance (“modco”) and funds withheld reinsurance arrangements where the investments supporting the reinsurance agreements are withheld by and continue to reside on Corebridge’s balance sheet. This embedded derivative is valued as a total return swap with reference to the fair value of the invested assets held by Corebridge. Accordingly, the unobservable inputs utilized in the valuation of the embedded derivative are a component of the invested assets supporting the reinsurance agreements that are held on Corebridge’s balance sheet. (e) The ranges for these inputs vary due to the different GMWB product specification and policyholder characteristics across in force policies. Policyholder characteristics that affect these ranges include age, policy duration, and gender. (f) Mortality inputs are shown as multipliers of the 2012 Individual Annuity Mortality Basic table. (g) The non-performance risk adjustment (“NPA”) applied as a spread over risk-free curve for discounting. (h) The partial withdrawal utilization unobservable input range shown applies only to policies with GMWB riders that are accounted for as an embedded derivative. The total embedded derivative liability at September 30, 2022 is approximately $0.9 billion. The remaining GMWB riders on the fixed index annuities are valued under the accounting guidance for certain nontraditional long-duration contracts.
Investments in Certain Entities that Calculate Net Asset Value Per Share	The following table includes information related to our investments in certain other invested assets, including private equity funds, hedge funds and other alternative investments that calculate net asset value per share (or its equivalent). For these investments, which are measured at fair value on a recurring basis, we use the net asset value per share to measure fair value. September 30, 2022 December 31, 2021 (in millions) Investment Category Includes Fair Value Unfunded Fair Value Unfunded Investment Category Private equity funds: Leveraged buyout Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage $ 1,987 $ 1,772 $ 1,762 $ 1,229 Real estate Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities 1,110 489 490 365 Venture capital Early-stage, high-potential, growth companies expected to generate a return through an eventual realization event, such as an initial public offering or sale of the company 208 122 194 135 Growth equity Funds that make investments in established companies for the purpose of growing their businesses 546 42 637 37 Mezzanine Funds that make investments in the junior debt and equity securities of leveraged companies 385 145 306 268 Other Includes distressed funds that invest in securities of 817 297 921 324 Total private equity funds 5,053 2,867 4,310 2,358 September 30, 2022 December 31, 2021 (in millions) Investment Category Includes Fair Value Unfunded Fair Value Unfunded Hedge funds: Event-driven Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations 17 — 18 — Long-short Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk 321 — 404 — Macro Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions 298 — 370 — Other Includes investments held in funds that are less liquid, as well as other strategies which allow for broader allocation between public and private investments 221 — 110 — Total hedge funds 857 — 902 — Total $ 5,910 $ 2,867 $ 5,212 $ 2,358
Fair Value Option	The following table presents the gains or losses recorded related to the eligible instruments for which we elected the fair value option: Gain (Loss) Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Assets: Other bond securities (a) $ (182) $ 3 $ (477) $ 31 Alternative investments (b) (37) 274 160 805 Total assets (219) 277 (317) 836 Liabilities: Policyholder contract deposits (c) 7 1 22 7 Debt of consolidated investment entities (d) 3 (1) — (178) Total liabilities 10 — 22 (171) Total gain (loss) $ (209) $ 277 $ (295) $ 665 (a) Includes certain securities supporting the funds withheld arrangements with Fortitude Re . For additional information regarding the gains and losses for Other bond securities, see Note 5. For additional information regarding the funds withheld arrangements with Fortitude Re, see Note 7. (b) Includes certain hedge funds, private equity funds and other investment partnerships. (c) Represents GICs. (d) Primarily related to six transactions securitizing certain debt portfolios previously owned by Corebridge and its affiliates and were terminated during 2021. For additional information, see Note 8.
Fair Value Measurements, Nonrecurring	The following table presents assets measured at fair value on a non-recurring basis at the time of impairment and the related impairment charges recorded during the periods presented: Assets at Fair Value Impairment Charges Non-Recurring Basis Three Months Ended September 30, Nine Months Ended September 30, (in millions) Level 1 Level 2 Level 3 Total 2022 2021 2022 2021 September 30, 2022 Other investments $ — $ — $ 17 $ 17 $ 11 $ — $ 11 $ (6) Total $ — $ — $ 17 $ 17 $ 11 $ — $ 11 $ (6) December 31, 2021 Other investments $ — $ — $ 89 $ 89 Mortgage and other loans receivable* — — 15 15 Other assets — 14 — 14 Total $ — $ 14 $ 104 $ 118 *Mortgage and other loans receivable are carried at lower of cost or fair value.
Fair Value, by Balance Sheet Grouping	The following table presents the carrying amounts and estimated fair values of our financial instruments not measured at fair value and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Estimated Fair Value (in millions) Level 1 Level 2 Level 3 Total Carrying September 30, 2022 Assets: Mortgage and other loans receivable $ — $ 31 $ 39,050 $ 39,081 $ 42,369 Other invested assets — 222 — 222 222 Short-term investments — 3,559 — 3,559 3,559 Cash 382 — — 382 382 Other assets 43 — — 43 43 Liabilities: Policyholder contract deposits associated with investment-type contracts — 132 138,398 138,530 138,255 Fortitude Re funds withheld payable — — 25,762 25,762 25,762 Other liabilities — 207 — 207 207 Short-term debt 1,500 — 1,500 1,500 Long-term debt — 6,994 — 6,994 7,868 Debt of consolidated investment entities — 3,039 2,515 5,554 5,990 Separate account liabilities - investment contracts — 77,070 — 77,070 77,070 December 31, 2021 Assets: Mortgage and other loans receivable $ — $ 52 $ 41,077 $ 41,129 $ 39,373 Other invested assets — 193 — 193 193 Short-term investments — 4,016 — 4,016 4,016 Cash 537 — — 537 537 Other assets 7 — — 7 7 Liabilities: Policyholder contract deposits associated with investment-type contracts — 169 142,974 143,143 133,043 Fortitude Re funds withheld payable — — 27,170 27,170 27,170 Other liabilities — 3,704 — 3,704 3,704 Short-term debt — — 8,317 8,317 8,317 Long-term debt — 586 — 586 427 Debt of consolidated investment entities — 3,077 3,810 6,887 6,931 Separate account liabilities - investment contracts — 104,126 — 104,126 104,126

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Equity Method Investments, Joint Ventures, Investments, Debt And Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Available For Sale Securities	The following table presents the amortized cost or cost and fair value of our available-for-sale securities: (in millions) Amortized Cost or Costs (a) Allowance for Credit Losses (b) Gross Gross Fair Value (a) September 30, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 1,398 $ — $ 17 $ (203) $ 1,212 Obligations of states, municipalities and political subdivisions 6,904 — 40 (961) 5,983 Non-U.S. governments 5,251 (5) 19 (1,100) 4,165 Corporate debt 122,773 (65) 605 (21,834) 101,479 Mortgage-backed, asset-backed and collateralized: RMBS 12,011 (22) 645 (841) 11,793 CMBS 10,885 — 9 (1,062) 9,832 CLO 7,382 (1) 34 (465) 6,950 ABS 10,795 — 16 (1,186) 9,625 Total mortgage-backed, asset-backed and collateralized 41,073 (23) 704 (3,554) 38,200 Total bonds available for sale (c) $ 177,399 $ (93) $ 1,385 $ (27,652) $ 151,039 December 31, 2021 Bonds available for sale: U.S. government and government sponsored entities $ 1,406 $ — $ 306 $ — $ 1,712 Obligations of states, municipalities and political subdivisions 7,321 — 1,362 (7) 8,676 Non-U.S. governments 6,026 — 495 (124) 6,397 Corporate debt 128,417 (72) 12,674 (956) 140,063 Mortgage-backed, asset-backed and collateralized: RMBS 13,236 (6) 1,762 (34) 14,958 CMBS 10,903 — 451 (54) 11,300 CLO 7,382 — 73 (53) 7,402 ABS 7,902 — 205 (47) 8,060 Total mortgage-backed, asset-backed and collateralized 39,423 (6) 2,491 (188) 41,720 Total bonds available for sale (c) $ 182,593 $ (78) $ 17,328 $ (1,275) $ 198,568 (a) The table above includes available-for-sale securities issued by related parties. This includes RMBS which had a fair value of $39 million and $47 million, and an amortized cost of $43 million and $44 million as of September 30, 2022 and December 31, 2021, respectively. Additionally, this includes CDOs which had a fair value of $862 million and an amortized cost of $823 million as of December 31, 2021. There were no available-for-sale CDO securities issued by related parties as of September 30, 2022. (b) Represents the allowance for credit losses that have been recognized. Changes in the allowance for credit losses are recorded through Net realized gains (losses) and are not recognized in Other comprehensive income (loss). (c) At September 30, 2022 and December 31, 2021, bonds available for sale held by us that were below investment grade or not rated totaled $16.9 billion and $20.4 billion, respectively.
Schedule of Unrealized Loss on Investments	The following table summarizes the fair value and gross unrealized losses on our available-for-sale securities, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit loss has been recorded: 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 September 30, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 779 $ 203 $ — $ — $ 779 $ 203 Obligations of states, municipalities and political subdivisions 5,198 958 6 3 5,204 961 Non-U.S. governments 3,507 896 327 193 3,834 1,089 Corporate debt 85,210 19,094 7,229 2,674 92,439 21,768 RMBS 6,610 763 95 20 6,705 783 CMBS 9,346 1,046 105 16 9,451 1,062 CLO 6,473 437 227 29 6,700 466 ABS 8,801 1,125 253 61 9,054 1,186 Total bonds available for sale $ 125,924 $ 24,522 $ 8,242 $ 2,996 $ 134,166 $ 27,518 December 31, 2021 Bonds available for sale: U.S. government and government sponsored entities $ — $ — $ — $ — $ — $ — Obligations of states, municipalities and political subdivisions 201 4 48 3 249 7 Non-U.S. governments 1,198 58 376 66 1,574 124 Corporate debt 19,916 513 6,922 387 26,838 900 RMBS 1,235 30 27 2 1,262 32 CMBS 2,498 36 79 18 2,577 54 CLO 3,829 48 21 5 3,850 53 ABS 2,540 43 140 4 2,680 47 Total bonds available for sale $ 31,417 $ 732 $ 7,613 $ 485 $ 39,030 $ 1,217
Fixed Maturity Securities Available For Sale by Contractual Maturity	The following table presents the amortized cost and fair value of fixed maturity securities available for sale by contractual maturity: Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value September 30, 2022 Due in one year or less $ 2,212 $ 2,188 Due after one year through five years 21,082 20,101 Due after five years through ten years 28,677 25,378 Due after ten years 84,285 65,172 Mortgage-backed, asset-backed and collateralized 41,050 38,200 Total $ 177,306 $ 151,039 Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations with or without call or prepayment penalties.
Realized Gain (Loss) on Investments	The following table presents the gross realized gains and gross realized losses from sales or maturities of our available-for-sale securities: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Gross Gross Gross Gross Gross Gross Gross Gross Fixed maturity securities $ 11 $ (115) $ 177 $ (9) $ 104 $ (593) $ 677 $ (99) The following table presents the components of Net realized gains (losses): Three Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (42) $ (62) $ (104) $ 32 $ 136 $ 168 Change in allowance for credit losses on fixed maturity securities (9) 8 (1) (6) 1 (5) Change in allowance for credit losses on loans (40) (22) (62) 19 2 21 Foreign exchange transactions, net of related hedges 522 44 566 141 3 144 Variable annuity embedded derivatives, net of related hedges* 442 — 442 59 — 59 Fixed index annuity and indexed life embedded derivatives, net of related hedges 198 — 198 81 — 81 All other derivatives and hedge accounting 120 (89) 31 1 (24) (23) Sales of alternative investments and real estate investments 137 32 169 200 51 251 Other (2) — (2) 70 — 70 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative 1,326 (89) 1,237 597 169 766 Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 1,463 1,463 — (195) (195) Net realized gains (losses) $ 1,326 $ 1,374 $ 2,700 $ 597 $ (26) $ 571 Nine Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (304) $ (185) $ (489) $ 87 $ 491 $ 578 Change in allowance for credit losses on fixed maturity securities (56) (32) (88) 39 3 42 Change in allowance for credit losses on loans (53) (22) (75) 103 5 108 Foreign exchange transactions, net of related hedges 1,027 82 1,109 278 17 295 Variable annuity embedded derivatives, net of related hedges (a) 1,402 — 1,402 85 — 85 Fixed index annuity and indexed life embedded derivatives, net of related hedges 1,024 — 1,024 150 — 150 All other derivatives and hedge accounting 105 (151) (46) (3) (86) (89) Sales of alternative investments and real estate investments 147 35 182 257 52 309 Other (10) 1 (9) 211 — 211 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative 3,282 (272) 3,010 1,207 482 1,689 Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 6,694 6,694 — (29) (29) Net realized gains (losses) $ 3,282 $ 6,422 $ 9,704 $ 1,207 $ 453 $ 1,660
Fixed Maturity Securities and Equity Securities at Fair Value	The following table presents the fair value of fixed maturity securities measured at fair value, including securities in the modco agreement with Fortitude Re, based on our election of the fair value option and equity securities measured at fair value: September 30, 2022 December 31, 2021 (in millions) Fair Value (a) Percent Fair Value (a) Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 37 1 % $ 50 2 % Non-U.S. governments 21 — % 17 1 % Corporate debt 1,898 38 % 1,000 43 % Mortgage-backed, asset-backed and collateralized: RMBS 192 4 % 199 9 % CMBS 230 5 % 234 10 % CLO 1,601 33 % 283 12 % ABS 796 16 % 299 13 % Total mortgage-backed, asset-backed and collateralized 2,819 58 % 1,015 44 % Total fixed maturity securities 4,775 97 % 2,082 90 % Equity securities 144 3 % 242 10 % Total $ 4,919 100 % $ 2,324 100 % (a) The table above includes other securities measured at fair value issued by related parties, which are primarily Corebridge affiliates that are not consolidated. There were no equity securities with related parties as of September 30, 2022 or December 31, 2021.
Schedule Of Other Invested Assets	The following table summarizes the carrying amounts of other invested assets: (in millions) September 30, 2022 December 31, 2021 Alternative investments (a) (b) $ 7,740 $ 7,527 Investment real estate (c) 1,837 2,349 All other investments (d) 566 691 Total (e) $ 10,143 $ 10,567 (a) At September 30, 2022, included hedge funds of $856 million, and private equity funds of $6.9 billion. At December 31, 2021, included hedge funds of $1.0 billion and private equity funds of $6.5 billion. (b) At September 30, 2022, approximately 63% of our hedge fund portfolio is available for redemption in 2022. The remaining 37% will be available for redemption between 2023 and 2028. At December 31, 2021, approximately 73% of our hedge fund portfolio is available for redemption in 2022. The remaining 27% will be available for redemption between 2023 and 2028. (c) Represents values net of accumulated depreciation of $607 million and $493 million as of September 30, 2022 and December 31, 2021, respectively. The accumulated depreciation related to the investment real estate held by legacy assets owned by us was $123 million and $123 million as of September 30, 2022 and December 31, 2021, respectively. (d) Includes Corebridge’s ownership interest in Fortitude Holdings, which is recorded using the measurement alternative for equity securities. Our investment in Fortitude Holdings totaled $156 million and $100 million at September 30, 2022 and December 31, 2021, respectively. (e) Includes investments in related parties, which totaled $4 million and $11 million as of September 30, 2022 and December 31, 2021, respectively.
Carrying Amount and Ownership Percentage of Equity Method Investments	The following table presents the carrying amount and ownership percentage of equity method investments at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 (in millions) Carrying Ownership Carrying Ownership Equity method investments $ 3,239 Various $ 2,797 Various
Components of Net Investment Income	The following table presents the components of Net investment income: Three Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Total Excluding Fortitude Total Available-for-sale fixed maturity securities, including short-term investments $ 1,677 $ 228 $ 1,905 $ 1,776 $ 331 $ 2,107 Other bond securities (62) (120) (182) 1 2 3 Equity securities (5) — (5) (37) — (37) Interest on mortgage and other loans 447 45 492 369 44 413 Alternative investments (a) (6) 11 5 439 75 514 Real estate 13 — 13 95 — 95 Other investments 39 — 39 1 — 1 Total investment income 2,103 164 2,267 2,644 452 3,096 Investment expenses 100 7 107 84 7 91 Net investment income $ 2,003 $ 157 $ 2,160 $ 2,560 $ 445 $ 3,005 Nine Months Ended September 30, 2022 2021 (in millions) Excluding Fortitude Total Excluding Fortitude Total Available-for-sale fixed maturity securities, including short-term investments $ 4,949 $ 733 $ 5,682 $ 5,154 $ 980 $ 6,134 Other bond securities (115) (362) (477) 23 8 31 Equity securities (82) — (82) (106) — (106) Interest on mortgage and other loans 1,228 131 1,359 1,091 136 1,227 Alternative investments (a) 625 138 763 1,213 236 1,449 Real estate 34 — 34 201 — 201 Other investments 91 — 91 60 — 60 Total investment income 6,730 640 7,370 7,636 1,360 8,996 Investment expenses 326 23 349 225 24 249 Net investment income $ 6,404 $ 617 $ 7,021 $ 7,411 $ 1,336 $ 8,747 (a) Included income from hedge funds, private equity funds and affordable housing partnerships. Hedge funds are recorded as of the balance sheet date. Private equity funds are generally reported on a one-quarter lag.
Components of Unrealized Gain (Loss) on Investments	The following table presents the increase (decrease) in unrealized appreciation (depreciation) of our available-for-sale securities: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ (10,044) $ (1,779) $ (42,320) $ (6,641) Other investments (4) — (4) — Total increase (decrease) in unrealized appreciation (depreciation) of investments $ (10,048) $ (1,779) $ (42,324) $ (6,641) The following table summarizes the unrealized gains and losses recognized in Net investment income during the reporting period on equity securities and other invested assets still held at the reporting date: Three Months Ended September 30, 2022 2021 (in millions) Equities Other Invested Assets Total Equities Other Invested Assets Total Net gains (losses) recognized during the period on equity securities and other investments $ (5) $ (38) $ (43) $ (36) $ 317 $ 281 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 1 6 7 14 18 32 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (6) $ (44) $ (50) $ (50) $ 299 $ 249 Nine Months Ended September 30, 2022 2021 (in millions) Equities Other Invested Assets Total Equities Other Invested Assets Total Net gains (losses) recognized during the period on equity securities and other investments $ (82) $ 308 $ 226 $ (106) $ 986 $ 880 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period (47) (10) (57) (273) 33 (240) Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (35) $ 318 $ 283 $ 167 $ 953 $ 1,120
Rollforward of the Changes In Allowance for Credit Losses	The following table presents a rollforward of the changes in allowance for credit losses on available-for-sale fixed maturity securities by major investment category: Three Months Ended September 30, 2022 2021 (in millions) Structured Non-Structured Total Structured Non-Structured Total Balance, beginning of period $ 19 $ 95 $ 114 $ 9 $ 58 $ 67 Additions: Securities for which allowance for credit losses were not previously recorded 1 15 16 — 19 19 Reductions: Securities sold during the period (1) (11) (12) (1) (12) (13) Additional net increases or decreases to the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery, amortized cost basis 5 (20) (15) (2) (12) (14) Write-offs charged against the allowance — (10) (10) — (2) (2) Balance, end of period $ 24 $ 69 $ 93 $ 6 $ 51 $ 57 Nine Months Ended September 30, 2022 2021 (in millions) Structured Non-Structured Total Structured Non-Structured Total Balance, beginning of period $ 6 $ 72 $ 78 $ 14 $ 117 $ 131 Additions: Securities for which allowance for credit losses were not previously recorded 36 111 147 2 39 41 Reductions: Securities sold during the period (2) (46) (48) (3) (19) (22) Additional net increases or decreases to the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery, amortized cost basis (16) (43) (59) (7) (76) (83) Write-offs charged against the allowance — (25) (25) — (10) (10) Balance, end of period $ 24 $ 69 $ 93 $ 6 $ 51 $ 57
Schedule of Financial Instruments Owned and Pledged as Collateral	The following table presents the fair value of securities pledged to counterparties under secured financing transactions, including repurchase and securities lending agreements: (in millions) September 30, 2022 December 31, 2021 Fixed maturity securities available for sale $ 321 $ 3,582 The following table presents the fair value of securities pledged under our repurchase agreements by collateral type and by remaining contractual maturity: Remaining Contractual Maturity of the Repurchase Agreements (in millions) Overnight and Continuous Up to 30 Days 31 - 90 Days 91 - 364 Days 365 Days or Greater Total September 30, 2022 Bonds available for sale: U.S. government and government sponsored entities $ — $ 26 $ 50 $ 14 $ — $ 90 Non-U.S. governments 28 — — 28 — 56 Corporate debt 175 — — — — 175 Total $ 203 $ 26 $ 50 $ 42 $ — $ 321 December 31, 2021 Bonds available for sale: U.S. government and government sponsored entities $ — $ — $ — $ — $ — $ — Non-U.S. governments 48 — — — — 48 Corporate debt 128 61 22 — — 211 Total $ 176 $ 61 $ 22 $ — $ — $ 259 The following table presents the fair value of securities pledged under our securities lending agreements by collateral type and by remaining contractual maturity: Remaining Contractual Maturity of the Securities Lending Agreements (in millions) Overnight and Continuous Up to 30 Days 31 - 90 Days 91 - 364 Days 365 Days or Greater Total December 31, 2021 Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ — $ 106 $ — $ — $ 106 Non-U.S. government — — 43 — — 43 Corporate debt — 534 2,640 — — 3,174 Total $ — $ 534 $ 2,789 $ — $ — $ 3,323

Lending Activities (Tables)

Lending Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Composition of Mortgages and Other Loans Receivable	The following table presents the composition of Mortgage and other loans receivable, net: (in millions) September 30, 2022 December 31, 2021 Commercial mortgages (a) $ 31,591 $ 30,528 Residential mortgages 4,901 4,672 Life insurance policy loans 1,767 1,832 Commercial loans, other loans and notes receivable (b) 4,828 2,852 Total mortgage and other loans receivable 43,087 39,884 Allowance for credit losses (c) (548) (496) Mortgage and other loans receivable, net $ 42,539 $ 39,388 (a) Commercial mortgages primarily represent loans for apartments, offices and retail properties, with exposures in New York and California representing the largest geographic concentrations (aggregating approximately 20% and 12%, respectively, at September 30, 2022, and 22% and 10%, respectively, at December 31, 2021). The weighted average loan-to-value ratio for NY and CA was 69% and 52% at September 30, 2022, respectively, and 51% and 53% at December 31, 2021, respectively. The debt service coverage ratio for NY and CA was 2.6X and 2.1X at September 30, 2022, respectively, and 2.0X and 1.9X at December 31, 2021, respectively. (b) Includes loans held for sale which are carried at lower cost or market, determined on an individual loan basis, and are collateralized primarily by apartments. As of September 30, 2022 and December 31, 2021, the net carrying value of these loans was $176 million and $15 million, respectively. (c) Does not include allowance for credit losses of $76 million and $57 million at September 30, 2022 and December 31, 2021, respectively in relation to off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities.
Credit Quality	The following table presents debt service coverage ratios (a) for commercial mortgages by year of vintage: September 30, 2022 (in millions) 2022 2021 2020 2019 2018 Prior Total >1.2X $ 4,395 $ 1,934 $ 1,676 $ 4,867 $ 3,339 $ 9,768 $ 25,979 1.00 - 1.20X 390 581 397 341 327 1,206 3,242 <1.00X — — 21 52 891 1,406 2,370 Total commercial mortgages $ 4,785 $ 2,515 $ 2,094 $ 5,260 $ 4,557 $ 12,380 $ 31,591 December 31, 2021 (in millions) 2021 2020 2019 2018 2017 Prior Total >1.2X $ 1,861 $ 1,520 $ 4,915 $ 3,300 $ 2,997 $ 9,005 $ 23,598 1.00 - 1.20X 463 810 598 1,030 88 1,684 4,673 <1.00X — 27 71 826 — 1,333 2,257 Total commercial mortgages $ 2,324 $ 2,357 $ 5,584 $ 5,156 $ 3,085 $ 12,022 $ 30,528 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: September 30, 2022 (in millions) 2022 2021 2020 2019 2018 Prior Total Less than 65% $ 4,102 $ 1,998 $ 1,868 $ 3,802 $ 3,003 $ 8,989 $ 23,762 65% to 75% 683 280 200 1,458 1,236 2,277 6,134 76% to 80% — 237 — — — 99 336 Greater than 80% — — 26 — 318 1,015 1,359 Total commercial mortgages $ 4,785 $ 2,515 $ 2,094 $ 5,260 $ 4,557 $ 12,380 $ 31,591 December 31, 2021 (in millions) 2021 2020 2019 2018 2017 Prior Total Less than 65% $ 1,859 $ 1,935 $ 3,912 $ 4,072 $ 2,384 $ 8,264 $ 22,426 65% to 75% 304 396 1,672 1,084 340 2,814 6,610 76% to 80% — — — — 188 259 447 Greater than 80% 161 26 — — 173 685 1,045 Total commercial mortgages $ 2,324 $ 2,357 $ 5,584 $ 5,156 $ 3,085 $ 12,022 $ 30,528 (a) The debt service coverage ratio compares a property’s net operating income to its debt service payments, including principal and interest. Our weighted average debt service coverage ratio was 2.0X at September 30, 2022 and 1.9X at December 31, 2021. The debt service coverage ratios have been updated within the last three months. The debt service coverage ratios are updated when additional information becomes available. (b) The loan-to-value ratio compares the current unpaid principal balance of the loan to the estimated fair value of the underlying property collateralizing the loan. Our weighted average loan-to-value ratio was 57% at September 30, 2022, and 57% at December 31, 2021. The loan-to-value ratios have been updated within the last three to nine months. The following table presents the credit quality performance indicators for commercial mortgages: (dollars in millions) Number Class Percent Apartments Offices Retail Industrial Hotel Others Total (c) September 30, 2022 Credit Quality Performance Indicator: In good standing 602 $ 12,082 $ 8,545 $ 3,190 $ 5,036 $ 1,770 $ 259 $ 30,882 98% Restructured (a) 10 — 334 94 — 104 — 532 2% 90 days or less delinquent 1 — 157 — — — — 157 —% >90 days delinquent or in process of foreclosure 2 — 20 — — — — 20 —% Total (b) 615 $ 12,082 $ 9,056 $ 3,284 $ 5,036 $ 1,874 $ 259 $ 31,591 100% Allowance for credit losses $ 82 $ 230 $ 58 $ 66 $ 23 $ 6 $ 465 1 % December 31, 2021 Credit Quality Performance Indicator: In good standing 613 $ 12,394 $ 8,370 $ 4,026 $ 3,262 $ 1,726 $ 301 $ 30,079 99% Restructured (a) 7 — 269 17 — 104 — 390 1% 90 days or less delinquent — — — — — — — — —% >90 days delinquent or in process of foreclosure 4 — 59 — — — — 59 —% Total (b) 624 $ 12,394 $ 8,698 $ 4,043 $ 3,262 $ 1,830 $ 301 $ 30,528 100% Allowance for credit losses $ 93 $ 193 $ 69 $ 39 $ 23 $ 6 $ 423 1 % (a) Loans that have been modified in troubled debt restructurings and are performing according to their restructured terms. For additional discussion of troubled debt restructurings, see the paragraphs below. (b) Does not reflect allowance for credit losses. (c) Our commercial mortgage loan portfolio is current as to payments of principal and interest, for both periods presented. There were no significant amounts of nonperforming commercial mortgages (defined as those loans where payment of contractual principal or interest is more than 90 days past due) during any of the periods presented. The following table presents credit quality performance indicators for residential mortgages by year of vintage: September 30, 2022 (in millions) 2022 2021 2020 2019 2018 Prior Total FICO*: 780 and greater $ 204 $ 1,938 $ 653 $ 226 $ 76 $ 347 $ 3,444 720 - 779 219 655 163 74 30 113 1,254 660 - 719 13 76 28 15 8 39 179 600 - 659 — 3 2 1 2 10 18 Less than 600 — — — 1 — 5 6 Total residential mortgages $ 436 $ 2,672 $ 846 $ 317 $ 116 $ 514 $ 4,901 December 31, 2021 (in millions) 2021 2020 2019 2018 2017 Prior Total FICO*: 780 and greater $ 1,398 $ 678 $ 284 $ 100 $ 107 $ 325 $ 2,892 720 - 779 1,118 225 83 41 36 94 1,597 660 - 719 44 39 20 11 13 33 160 600 - 659 1 1 2 3 2 6 15 Less than 600 — — — 1 1 6 8 Total residential mortgages $ 2,561 $ 943 $ 389 $ 156 $ 159 $ 464 $ 4,672 *Fair Isaac Corporation (“FICO”) is the credit quality indicator used to evaluate consumer credit risk for residential mortgage loan borrowers and has been updated within the last three months.
Allowance for Credit Loss	The following table presents a rollforward of the changes in the allowance for credit losses on Mortgage and other loans receivable: (a) Three Months Ended September 30, 2022 2021 (in millions) Commercial Mortgages Other Loans Total Commercial Mortgages Other Loans Total Allowance, beginning of period $ 414 $ 70 $ 484 $ 460 $ 100 $ 560 Loans charged off — — — (1) — (1) Net charge-offs — — — (1) — (1) Provision for loan losses 51 13 64 (25) 2 (23) Reclassified to held for sale — — — — (31) (31) Allowance, end of period (b) $ 465 $ 83 $ 548 $ 434 $ 71 $ 505 Nine Months Ended September 30, 2022 2021 (in millions) Commercial Mortgages Other Loans Total Commercial Mortgages Other Loans Total Allowance, beginning of period $ 423 $ 73 $ 496 $ 546 $ 111 $ 657 Loans charged off (4) — (4) (1) — (1) Net charge-offs (4) — (4) (1) — (1) Provision for loan losses 46 10 56 (111) (9) (120) Reclassified to held for sale — — — — (31) (31) Allowance, end of period (b) $ 465 $ 83 $ 548 $ 434 $ 71 $ 505 (a) Does not include allowance for credit losses of $76 million and $59 million, respectively, at September 30, 2022 and 2021 in relation to the off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities in the Condensed Consolidated Balance Sheets. (b) Reported in Other assets in the Condensed Consolidated Balance Sheets.

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2022
Insurance [Abstract]
Summary of Assets Supporting Funds Withheld Arrangements	There is a diverse pool of assets supporting the funds withheld arrangements with Fortitude Re. The following summarizes the composition of the pool of assets: September 30, 2022 December 31, 2021 (in millions) Carrying Value Fair Value Carrying Value Fair Value Corresponding Accounting Policy Fixed maturity securities - available for sale $ 16,691 $ 16,691 $ 27,180 $ 27,180 Fair value through other comprehensive income Fixed maturity securities - fair value option 3,137 3,137 1,593 1,593 Fair value through net investment income Commercial mortgage loans 3,479 3,250 3,179 3,383 Amortized cost Real estate investments 139 364 201 395 Amortized cost Private equity funds/hedge funds 1,861 1,861 1,606 1,606 Fair value through net investment income Policy loans 357 357 380 380 Amortized cost Short-term Investments 159 159 50 50 Fair value through net investment income Funds withheld investment assets 25,823 25,819 34,189 34,587 Derivative assets, net (a) 97 97 81 81 Fair value through realized gains (losses) Other (b) 643 643 476 476 Amortized cost Total $ 26,563 $ 26,559 $ 34,746 $ 35,144 (a) The derivative assets and liabilities have been presented net of cash collateral. The derivative assets supporting the Fortitude Re funds withheld arrangements had a fair market value of $355 million and $387 million as of September 30, 2022 and December 31, 2021, respectively. These derivative assets and liabilities are fully collateralized either by cash or securities. (b) Primarily comprised of Cash and Accrued investment income.
Summary of The Impact of Funds Withheld Arrangements	The impact of the funds withheld arrangements with Fortitude Re was as follows: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Net investment income - Fortitude Re funds withheld assets $ 157 $ 445 $ 617 $ 1,336 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized gains (losses) Fortitude Re funds withheld assets (89) 169 (272) 482 Net realized gains (losses) Fortitude Re funds withheld embedded derivatives 1,463 (195) 6,694 (29) Net realized gains (losses) on Fortitude Re funds withheld assets 1,374 (26) 6,422 453 Income before income tax expense 1,531 419 7,039 1,789 Income tax expense* (322) (88) (1,478) (376) Net income 1,209 331 5,561 1,413 Change in unrealized depreciation of the invested assets supporting the Fortitude Re modco arrangement classified as available for sale* (1,090) (314) (5,242) (1,373) Comprehensive income $ 119 $ 17 $ 319 $ 40 * The income tax expense (benefit) and the tax impact in accumulated other comprehensive income was computed using Corebridge’s U.S. statutory tax rate of 21%.
Reinsurance Recoverable, Allowance for Credit Loss	The following table presents a rollforward of the reinsurance recoverable allowance: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 107 $ 87 $ 101 $ 83 Current period provision for expected credit losses and disputes 1 15 7 19 Write-offs charged against the allowance for credit losses and disputes — — — — Balance, end of period $ 108 $ 102 $ 108 $ 102

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following table presents the total assets and total liabilities associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Balance Sheets: (in millions) Real Estate and Investment Entities (c) Securitization Total September 30, 2022 Assets: Bonds available for sale $ — $ 3,505 $ 3,505 Other bond securities — 1,345 1,345 Equity securities 60 — 60 Mortgage and other loans receivable — 2,202 2,202 Other invested assets Alternative investments (a) 2,572 — 2,572 Investment real estate 1,785 — 1,785 Short-term investments 172 169 341 Cash 79 — 79 Accrued investment income — 6 6 Other assets 93 73 166 Total assets (b) $ 4,761 $ 7,300 $ 12,061 Liabilities: Debt of consolidated investment entities $ 1,383 $ 4,612 $ 5,995 Other liabilities 85 37 122 Total liabilities $ 1,468 $ 4,649 $ 6,117 December 31, 2021 Assets: Bonds available for sale $ — $ 5,393 $ 5,393 Other bond securities — — — Equity securities 223 — 223 Mortgage and other loans receivable — 2,359 2,359 Other invested assets Alternative investments (a) 3,017 — 3,017 Investment real estate 2,257 — 2,257 Short-term investments 467 151 618 Cash 93 — 93 Accrued investment income — 15 15 Other assets 188 557 745 Total assets (b) $ 6,245 $ 8,475 $ 14,720 Liabilities: Debt of consolidated investment entities $ 1,743 $ 5,193 $ 6,936 Other liabilities 112 723 835 Total liabilities $ 1,855 $ 5,916 $ 7,771 (a) Composed primarily of investments in real estate joint ventures at September 30, 2022 and December 31, 2021. (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Off-balance-sheet exposure primarily consisting of commitments by insurance operations and affiliates into real estate and investment entities. At September 30, 2022 and December 31, 2021, together the Company and AIG affiliates have commitments to internal parties of $2.3 billion and $2.4 billion and commitments to external parties of $0.5 billion and $0.6 billion, respectively. At September 30, 2022, $1.6 billion out of the internal commitments was from subsidiaries of Corebridge entities and $0.7 billion was from other AIG affiliates. At December 31, 2021, $1.5 billion out of the internal commitments was from subsidiaries of Corebridge entities, and $0.9 billion was from other AIG affiliates. The following table presents the revenue, net income (loss) attributable to noncontrolling interests and net income (loss) attributable to Corebridge associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Income Statements: Real Estate and Securitization Affordable Investment and Repackaging Housing (in millions) Entities Vehicles Partnerships Total Three Months Ended September 30, 2022 Total revenue $ 214 $ (22) $ — $ 192 Net income attributable to noncontrolling interests 126 — — 126 Net income (loss) attributable to Corebridge 77 (73) — 4 Three Months Ended September 30, 2021 Total revenue $ 331 $ 54 $ 170 $ 555 Net income attributable to noncontrolling interests 149 — 2 151 Net income (loss) attributable to Corebridge 157 32 142 331 Nine Months Ended September 30, 2022 Total revenue $ 602 $ 91 $ — $ 693 Net income attributable to noncontrolling interests 280 2 — 282 Net income (loss) attributable to Corebridge 286 (32) — 254 Nine Months Ended September 30, 2021 Total revenue $ 694 $ 188 $ 433 $ 1,315 Net income attributable to noncontrolling interests 258 1 53 312 Net income (loss) attributable to Corebridge 367 (66) 314 615 The following table presents total assets of unconsolidated VIEs in which we hold a variable interest, as well as our maximum exposure to loss associated with these VIEs: Maximum Exposure to Loss (in millions) Total VIE On-Balance Sheet (b) Off-Balance Sheet (c) Total September 30, 2022 Real estate and investment entities (a) $ 366,108 $ 5,490 $ 2,965 $ 8,455 Total $ 366,108 $ 5,490 $ 2,965 $ 8,455 December 31, 2021 Real estate and investment entities (a) $ 309,866 $ 4,459 $ 2,452 $ 6,911 Total $ 309,866 $ 4,459 $ 2,452 $ 6,911 (a) Composed primarily of hedge funds and private equity funds. (b) At September 30, 2022 and December 31, 2021, $5.5 billion and $4.5 billion, respectively, of our total unconsolidated VIE assets were recorded as other invested assets. (c) These amounts represent our unfunded commitments to invest in private equity funds and hedge funds.

Derivatives and Hedge Account_2

Derivatives and Hedge Accounting (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the notional amounts of our derivatives and the fair value of derivative assets and liabilities in the Condensed Consolidated Balance Sheets: September 30, 2022 December 31, 2021 Gross Derivative Gross Derivative Liabilities Gross Derivative Gross Derivative Liabilities (in millions) Notional Fair Notional Fair Notional Fair Notional Fair Derivatives designated as hedging instruments: (a) Interest rate contracts $ 293 $ 224 $ 1,806 $ 84 $ 352 $ 274 $ 980 $ 14 Foreign exchange contracts 5,561 993 304 3 4,058 262 2,861 55 Derivatives not designated as hedging instruments: (a) Interest rate contracts 19,026 1,478 23,708 3,114 28,056 1,637 23,219 1,562 Foreign exchange contracts 8,658 1,269 1,143 261 4,047 410 5,413 311 Equity contracts 24,435 554 8,584 84 60,192 4,670 38,932 4,071 Credit contracts — — — — 1,840 1 — — Other contracts (b) 45,833 16 45 — 43,839 13 133 — Total derivatives, gross $ 103,806 $ 4,534 $ 35,590 $ 3,546 $ 142,384 $ 7,267 $ 71,538 $ 6,013 Counterparty netting (c) (3,359) (3,359) (5,785) (5,785) Cash collateral (d) (831) (104) (798) (37) Total derivatives on condensed consolidated balance sheets (e) $ 344 $ 83 $ 684 $ 191 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) Consists primarily of stable value wraps and contracts with multiple underlying exposures. (c) Represents netting of derivative exposures covered by a qualifying master netting agreement. (d) Represents cash collateral posted and received that is eligible for netting. (e) Freestanding derivatives only, excludes embedded derivatives. Derivative instrument assets and liabilities are recorded in Other assets and Other liabilities, respectively. Fair value of assets related to bifurcated embedded derivatives was $4 million and zero, respectively, at September 30, 2022 and December 31, 2021. Fair value of liabilities related to bifurcated embedded derivatives w as $7.2 billion and $17.7 billion, respectively, at September 30, 2022 and December 31, 2021. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. Embedded derivatives are primarily related to guarantee features in variable annuity products, which include equity and interest rate components, and the funds withheld arrangement with Fortitude Re. For additional information, see Note 7. The following table presents the gross notional amounts of our derivatives and the fair value of derivative assets and liabilities with related parties and third parties: September 30, 2022 December 31, 2021 Gross Derivative Gross Derivative Gross Derivative Gross Derivative (in millions) Notional Fair Notional Fair Notional Fair Notional Fair Total derivatives with related parties $ 57,115 $ 4,463 $ 34,714 $ 3,354 $ 96,862 $ 7,182 $ 68,623 $ 5,778 Total derivatives with third parties 46,691 71 876 192 45,522 85 2,915 235 Total derivatives, gross $ 103,806 $ 4,534 $ 35,590 $ 3,546 $ 142,384 $ 7,267 $ 71,538 $ 6,013 As of September 30, 2022 and December 31, 2021, the following amounts were recorded on the Condensed Consolidated Balance Sheets related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges: September 30, 2022 December 31, 2021 (in millions) Carrying Cumulative Amount of Carrying Cumulative Amount of Balance sheet line item in which hedged item is recorded: Fixed maturities, available for sale, at fair value $ 5,426 $ — $ 7,478 $ — Commercial mortgage and other loans (a) 109 (28) — (6) Policyholder contract deposits (b) (2,204) 77 (1,500) (79) (a) This relates to hedge accounting that has been discontinued, but the respective loans are still held. The cumulative adjustment is being amortized into earnings over the remaining life of the loan. (b) This relates to fair value hedges on GICs.
Schedule of Gain (Loss) Recognized in Income on Derivative Instruments in Fair Value Hedging Relationships	The following table presents the gain (loss) recognized in earnings on our derivative instruments in fair value hedging relationships in the Condensed Consolidated Statements of Income: Gains/(Losses) Recognized in Earnings for: (in millions) Hedging Derivatives (a)(c) Excluded Components (b)(c) Hedged Net Impact Three Months Ended September 30, 2022 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (66) — 64 (2) Net investment income 25 — (24) 1 Foreign exchange contracts: Realized gains (losses) 418 105 (418) 105 Three Months Ended September 30, 2021 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (15) 5 8 (2) Net investment income 1 — (2) (1) Foreign exchange contracts: Realized gains (losses) 144 38 (144) 38 Gains/(Losses) Recognized in Earnings for: (in millions) Hedging Derivatives (a)(c) Excluded Components (b)(c) Hedged Net Impact Nine Months Ended September 30, 2022 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (156) — 157 1 Net investment income 26 — (25) 1 Foreign exchange contracts: Realized gains (losses) 949 181 (949) 181 Nine Months Ended September 30, 2021 Interest rate contracts: Realized gains (losses) $ — $ — $ — $ — Interest credited to policyholder account balances (48) 6 32 (10) Net investment income 8 — (9) (1) Foreign exchange contracts: Realized gains (losses) 221 105 (221) 105 (a) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are included in the assessment of hedge effectiveness. (b) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are excluded from the assessment of hedge effectiveness and recognized in earnings on a mark-to-market basis. (c) Primarily consists of gains and losses with related parties.
Derivatives Not Designated as Hedging Instruments	The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income: Gains (Losses) Recognized in Earnings Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 By Derivative Type: Interest rate contracts $ (536) $ (168) $ (2,218) $ (862) Foreign exchange contracts 893 263 1,797 333 Equity contracts 27 (56) (93) (614) Credit contracts — (1) (1) (8) Other contracts 16 16 48 48 Embedded derivatives within policyholder contract deposits 1,167 303 4,664 1,632 Fortitude Re funds withheld embedded derivative 1,463 (195) 6,694 (29) Total (a) $ 3,030 $ 162 $ 10,891 $ 500 By Classification: Policy fees $ 16 $ 16 $ 45 $ 46 Net investment income 8 — 6 — Net realized gains - excluding Fortitude Re funds withheld assets 1,581 357 4,206 554 Net realized losses on Fortitude Re funds withheld assets (31) (15) (39) (66) Net realized gains (losses) on Fortitude Re funds withheld embedded derivatives 1,463 (195) 6,694 (29) Policyholder benefits (7) (1) (21) (5) Total (a) $ 3,030 $ 162 $ 10,891 $ 500 (a) Includes gains (losses) with related parties o f $(1.2) billion and $(0.8) billion for the nine months ended September 30, 2022 and 2021, respectively, and $240 million and $15 million for the three months ended September 30, 2022 a nd 2021, respectively.

Insurance Liabilities (Tables)

Insurance Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Insurance [Abstract]
Changes in GMBD Liability Related to Variable Annuity Contracts	The following table presents the liability for universal life policies with secondary guarantees and similar features (excluding base policy liabilities and embedded derivatives): Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 3,151 $ 4,681 $ 4,505 $ 4,751 Incurred guaranteed benefits* 176 75 564 419 Paid guaranteed benefits (155) (167) (450) (369) Changes related to unrealized appreciation (depreciation) of investments (471) (111) (1,918) (323) Balance, end of period $ 2,701 $ 4,478 $ 2,701 $ 4,478 * Incurred guaranteed benefits include the portion of assessments established as additions to reserves as well as changes in estimates (assumption unlockings) affecting these reserves. The average incurred benefits over the last four years, excluding changes in annual actuarial assumption updates, are approximately 67% of fees assessments collected for these universal life policies with secondary guarantees and similar features. The following table presents details concerning our universal life policies with secondary guarantees and similar features: At September 30, At December 31, (dollars in millions) 2022 2021 Account value $ 3,462 $ 3,313 Net amount at risk $ 68,350 $ 65,801 Average attained age of contract holders 53 53 Account balances of variable annuity contracts with guarantees were invested in separate account investment options as follows: At September 30, At December 31, 2022 2021 (in millions) Individual Group Individual Group Equity funds $ 21,216 $ 23,119 $ 28,524 $ 33,718 Bond funds 3,587 3,803 4,651 4,364 Balanced funds 17,008 4,824 23,018 6,293 Money market funds 661 523 546 459 Total $ 42,472 $ 32,269 $ 56,739 $ 44,834 The following table presents details concerning our GMDB exposures by benefit type for Individual Retirement: At September 30, 2022 ( dollars in millions ) Return of Account Return of Rollups Highest Contract Account values: General account $ 432 $ 3,993 $ 436 $ 1,340 Separate accounts 3,029 26,332 1,648 11,463 Total account values $ 3,461 $ 30,325 $ 2,084 $ 12,803 Net amount at risk - gross $ — $ 1,063 $ 479 $ 2,980 Net amount at risk - net $ — $ 1,055 $ 439 $ 2,687 Average attained age of contract holders by product 67 70 75 72 Percentage of policyholders age 70 and over 30.9 % 50.7 % 68.6 % 60.5 % Range of guaranteed minimum return rates 0.0% - 4.5% At December 31, 2021 Account values: General account $ 382 $ 4,055 $ 447 $ 1,366 Separate accounts 3,543 34,811 2,453 15,932 Total account values $ 3,925 $ 38,866 $ 2,900 $ 17,298 Net amount at risk - gross $ — $ 22 $ 363 $ 341 Net amount at risk - net $ — $ 21 $ 327 $ 257 Average attained age of contract holders by product 66 70 75 71 Percentage of policyholders age 70 and over 27.8 % 47.0 % 66.9 % 58.1 % Range of guaranteed minimum return rates 0.0% - 4.5% The following table presents details concerning our GMDB exposures by benefit type for Group Retirement: At September 30, 2022 ( dollars in millions ) Return of Return of Premium Rollups (a) Highest Contract Account values: General account $ 37 $ 5,445 $ 18,417 $ 3 Separate accounts 241 4,355 27,619 54 Total Account Values $ 278 $ 9,800 $ 46,036 $ 57 Net amount at risk - gross $ — $ 52 $ 495 $ 15 Net amount at risk - net $ — $ 52 $ 495 $ 15 Average attained age of contract holders by product 65 65 63 68 Percentage of policyholders age 70 and over 17.6 % 18.9 % 15.1 % 32.5 % Range of guaranteed minimum return rates 0.0%-4.5% At December 31, 2021 Account values: General account $ 35 $ 5,511 $ 18,863 $ 4 Separate accounts 290 6,056 38,419 69 Total Account Values $ 325 $ 11,567 $ 57,282 $ 73 Net amount at risk - gross $ — $ 9 $ 152 $ — Net amount at risk - net $ — $ 9 $ 152 $ — Average attained age of contract holders by product 64 64 63 68 Percentage of policyholders age 70 and over 14.9 % 17.9 % 14.2 % 31.1 % Range of guaranteed minimum return rates 0.0%-4.5% (a) Group Retirement guaranteed rollup benefits generally revert to the return of premium at age 70. As of September 30, 2022, this includes 200,804 contracts for policyholders age 70 and over, with associated account values of $8.6 billion held in the general account and $6.5 billion held in separate accounts; as of December 31, 2021, this includes 192,606 contracts for policyholders age 70 and over, with associated account values of $8.3 billion held in the general account and $8.5 billion held in separate accounts. These contracts which have reverted to return of premium benefits due to the attained age of the policyholder represent a net amount at risk of $92 million and $19 million at September 30, 2022 and December 31, 2021, respectively. The following summarizes the Individual Retirement GMDB liability related to variable annuity contracts: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 451 $ 423 $ 445 $ 382 Reserve increase (decrease) 45 24 121 90 Benefits paid (17) (5) (45) (22) Changes related to unrealized appreciation (depreciation) of investments (15) — (57) (8) Balance, end of period $ 464 $ 442 $ 464 $ 442 The following summarizes the Group Retirement GMDB liability related to variable annuity contracts, excluding assumed reinsurance (a) : Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Balance, beginning of period $ 16 $ 34 $ 35 $ 40 Reserve increase (decrease) 7 6 14 4 Benefits paid (1) — (2) (1) Changes related to unrealized appreciation (depreciation) of investments (6) (3) (31) (6) Balance, end of period $ 16 $ 37 $ 16 $ 37 (a) The assumed reinsurance reserves for GMDB liability related to variable annuity contract is $13 million and $16 million as of September 30, 2022 and 2021, respectively. The following table presents the Individual Retirement details concerning our fixed annuities and fixed index annuities GMWB and GMDB exposures that are not accounted for as derivatives, by benefit type: At September 30, 2022 (dollars in millions) Fixed Annuities Fixed Index Annuities Total Account values (a) : Fixed accounts $ 3,811 $ 491 $ 4,302 Indexed accounts — 6,529 6,529 Total account values $ 3,811 $ 7,020 $ 10,831 GMWB and GMDB reserve: Base reserve $ 358 $ 568 $ 926 Reserves related to unrealized appreciation of investments (319) (321) (640) Total GMWB and GMDB reserve $ 39 $ 247 $ 286 Average attained age of contract holders by product 68 68 — At December 31, 2021 Account values (a) : Fixed accounts $ 3,541 $ 487 $ 4,028 Indexed accounts — 6,361 6,361 Total account values $ 3,541 $ 6,848 $ 10,389 GMWB and GMDB reserve: Base reserve $ 270 $ 467 $ 737 Reserves related to unrealized appreciation of investments 187 161 348 Total GMWB and GMDB reserve $ 457 $ 628 $ 1,085 Average attained age of contract holders by product 68 67 — (a) Fixed annuities and fixed index annuities that offer GMWB and GMDB exposures are offered through the general account. The following table presents the Group Retirement details concerning our fixed annuities and fixed index annuities GMWB exposures that are not accounted for as derivatives, by benefit type: At September 30, 2022 (dollars in millions) Fixed Annuities Fixed Index Annuities Total Account values (a) : Fixed account $ 636 $ 134 $ 770 Indexed accounts — 1,379 1,379 Total account values $ 636 $ 1,513 $ 2,149 GMWB reserves: Base reserve $ 56 $ 123 $ 179 Reserves related to unrealized appreciation of investments (12) (74) (86) Total GMWB reserves $ 44 $ 49 $ 93 Average attained age of contract holders by product 70 68 — At December 31, 2021 Fixed Annuities Fixed Index Annuities Total Account values (a) : Fixed account $ 603 $ 129 $ 732 Indexed accounts — 1,409 1,409 Total account values $ 603 $ 1,538 $ 2,141 GMWB reserves: Base reserve $ 42 $ 101 $ 143 Reserves related to unrealized appreciation of investments 5 46 51 Total GMWB reserves $ 47 $ 147 $ 194 Average attained age of contract holders by product 69 68 — (a) Fixed annuities and fixed index annuities that offer GMWB exposures are offered through the general account.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Debt	The following table lists our total debt outstanding at September 30, 2022 and December 31, 2021. The interest rates presented in the following table are the range of contractual rates in effect at September 30, 2022, including fixed and variable rates: (in millions) Range of Maturity At September 30, 2022 At December 31, 2021 Short-term debt issued or borrowed by Corebridge: Affiliated senior promissory note with AIG LIBOR+100bps 2022 $ — $ 8,317 3 -Year DDTL Facility 4.12% 2022 1,500 — Total short-term debt 1,500 8,317 Long-term debt issued by Corebridge: Senior unsecured notes (a) 3.50% - 4.40% 2025 - 2052 6,500 — Hybrid junior subordinated notes 6.875% 2052 1,000 — Long-term debt issued by Corebridge subsidiaries: AIGLH notes 6.63% - 7.50% 2025 - 2029 200 200 AIGLH junior subordinated debentures 7.57% - 8.50% 2030 - 2046 227 227 Total long-term debt 7,927 427 Debt issuance costs (59) — Total long-term debt, net of debt issuance costs 7,868 427 Debt of consolidated investment entities - not guaranteed by Corebridge 0.00% -11.56% 2023 - 2051 5,995 6,936 Total debt, net of issuance costs $ 15,363 $ 15,680 (a) Interest rates reflect contractual amounts and do not reflect the effective borrowing rate after giving effect to the cash flow hedges.

Equity and Redeemable Noncont_2

Equity and Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Rollforward of Accumulated Other Comprehensive Income (Loss)	The following table presents a rollforward of Accumulated other comprehensive income (loss): (in millions) Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance Unrealized Appreciation (Depreciation) of All Other Investments Cash Flow Hedges Foreign Currency Translation Adjustments Retirement Plan Liabilities Adjustment Total Balance as of June 30, 2022, net of tax $ (39) $ (10,854) $ 169 $ (81) $ 6 $ (10,799) Change in unrealized depreciation of investments (63) (9,985) — — — (10,048) Change in deferred policy acquisition costs adjustment and other 4 1,373 — — — 1,377 Change in future policy benefits — 594 — — — 594 Change in cash flow hedges — — (7) — — (7) Change in foreign currency translation adjustments — — — (83) — (83) Change in deferred tax asset (liability) 12 1,639 1 5 — 1,657 Total other comprehensive income (loss) (47) (6,379) (6) (78) — (6,510) Noncontrolling interests — — — (19) — (19) Balance, September 30, 2022, net of tax $ (86) $ (17,233) $ 163 $ (140) $ 6 $ (17,290) Balance as of June 30, 2021, net of tax $ (38) $ 11,912 $ — $ 15 $ 6 $ 11,895 Change in unrealized depreciation of investments 6 (1,785) — — — (1,779) Change in deferred policy acquisition costs adjustment and other (6) 145 — — — 139 Change in future policy benefits — 73 — — — 73 Change in foreign currency translation adjustments — — — (20) — (20) Change in deferred tax asset (liability) — 285 — (1) — 284 Total other comprehensive income — (1,282) — (21) — (1,303) Noncontrolling interests — — — (4) — (4) Balance, September 30, 2021, net of tax $ (38) $ 10,630 $ — $ (2) $ 6 $ 10,596 Balance as of December 31, 2021, net of tax $ (40) $ 10,209 $ — $ (9) $ 7 $ 10,167 Change in unrealized depreciation of investments (65) (42,259) — — — (42,324) Change in deferred policy acquisition costs adjustment and other 7 6,694 — — — 6,701 Change in future policy benefits — 2,707 — — — 2,707 Change in cash flow hedges — — 211 — — 211 Change in foreign currency translation adjustments — — — (159) — (159) Change in net actuarial loss — — — — (1) (1) Change in deferred tax asset (liability) 12 5,416 (48) 9 — 5,389 Total other comprehensive income (loss) (46) (27,442) 163 (150) (1) (27,476) Noncontrolling interests — — — (19) — (19) Balance, September 30, 2022, net of tax $ (86) $ (17,233) $ 163 $ (140) $ 6 $ (17,290) (in millions) Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance Unrealized Appreciation (Depreciation) of All Other Investments Cash Flow Hedges Foreign Currency Translation Adjustments Retirement Plan Liabilities Adjustment Total Balance as of December 31, 2020, net of tax $ (62) $ 14,698 $ — $ 11 $ 6 $ 14,653 Change in unrealized depreciation of investments 40 (6,681) — — — (6,641) Change in deferred policy acquisition costs adjustment and other (10) 806 — — — 796 Change in future policy benefits — 837 — — — 837 Change in foreign currency translation adjustments — — — (16) — (16) Change in deferred tax asset (liability) (6) 970 — (1) — 963 Total other comprehensive income 24 (4,068) — (17) — (4,061) Noncontrolling interests — — — (4) — (4) Balance, September 30, 2021, net of tax $ (38) $ 10,630 $ — $ (2) $ 6 $ 10,596
Reclassification out of Accumulated Other Comprehensive Income	The following table presents the other comprehensive income (loss) reclassification adjustments for the three and nine months ended September 30, 2022 and 2021, respectively: (in millions) Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance Unrealized Appreciation (Depreciation) of All Other Investments Cash Flow Hedges Foreign Currency Translation Adjustments Retirement Plan Liabilities Adjustment Total Three Months Ended September 30, 2022 Unrealized change arising during period $ (59) $ (8,123) $ (7) $ (64) $ — $ (8,253) Less: Reclassification adjustments included in net income — (105) — — — (105) Total other comprehensive income (loss), (59) (8,018) (7) (64) — (8,148) Less: Income tax expense (benefit) (12) (1,639) (1) (5) — (1,657) Total other comprehensive income (loss), $ (47) $ (6,379) $ (6) $ (59) $ — $ (6,491) Three Months Ended September 30, 2021 Unrealized change arising during period $ 2 $ (1,401) $ — $ (16) $ — $ (1,415) Less: Reclassification adjustments included in net income 2 166 — — — 168 Total other comprehensive income (loss), — (1,567) — (16) — (1,583) Less: Income tax expense (benefit) — (285) — 1 — (284) Total other comprehensive income (loss), $ — $ (1,282) $ — $ (17) $ — $ (1,299) Nine Months Ended September 30, 2022 Unrealized change arising during period $ (66) $ (33,341) $ 211 $ (140) $ (1) $ (33,337) Less: Reclassification adjustments included in net income (8) (483) — — — (491) Total other comprehensive income (loss), (58) (32,858) 211 (140) (1) (32,846) Less: Income tax expense (benefit) (12) (5,416) 48 (9) — (5,389) Total other comprehensive income (loss), $ (46) $ (27,442) $ 163 $ (131) $ (1) $ (27,457) Nine Months Ended September 30, 2021 Unrealized change arising during period $ 30 $ (4,461) $ — $ (11) $ — $ (4,442) Less: Reclassification adjustments included in net income — 578 — — — 578 Total other comprehensive income (loss), 30 (5,039) — (11) — (5,020) Less: Income tax expense (benefit) 6 (971) — 2 — (963) Total other comprehensive income (loss), $ 24 $ (4,068) $ — $ (13) $ — $ (4,057) The following table presents the effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income: Amount Reclassified from AOCI Affected Line Item in the Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ — $ 2 $ (8) $ — Net realized gains (losses) Total — 2 (8) — Unrealized appreciation (depreciation) of all other investments Investments (105) 166 (483) 578 Net realized gains (losses) Total (105) 166 (483) 578 Total reclassifications for the period $ (105) $ 168 $ (491) $ 578
Rollforward of Redeemable Noncontrolling Interest	The following table presents a rollforward of redeemable noncontrolling interest: Redeemable Noncontrolling Interest Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ 58 $ 51 $ 83 $ 51 Distributions to noncontrolling interests (40) — (65) — Contributions from noncontrolling interests — 20 — 20 Net income attributable to redeemable noncontrolling interest (1) (2) (1) (2) Ending balance $ 17 $ 69 $ 17 $ 69

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earning per Share	The following table presents the computation of basic and diluted EPS for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in millions, except weighted shares and per common share data) 2022 2021 2022 2021 Numerator for EPS: Net income (loss) $ 2,477 N/A $ 8,996 N/A Less: Net income (loss) attributable to noncontrolling interests 126 N/A 281 N/A Net income (loss) attributable to Corebridge common shareholders $ 2,351 N/A $ 8,715 N/A Net income attributable to Class A shareholders N/A $ 1,279 N/A $ 3,814 Net income attributable to Class B shareholders N/A $ 141 N/A $ 419 Denominator for EPS (a) : Weighted average common shares outstanding - basic 645.7 N/A 645.2 N/A Dilutive common shares (b) 0.7 N/A 0.2 N/A Weighted average common shares outstanding - diluted 646.4 N/A 645.4 N/A Common stock Class A - basic and diluted N/A 581.1 N/A 581.1 Common stock Class B - basic and diluted N/A 63.9 N/A 63.9 Income per common share attributable to Corebridge common shareholders (a) Basic: Common stock $ 3.64 N/A $ 13.51 N/A Common stock Class A N/A $ 2.20 N/A $ 6.56 Common stock Class B N/A $ 2.20 N/A $ 6.56 Diluted: Common stock $ 3.63 N/A $ 13.50 N/A Common stock Class A N/A $ 2.20 N/A $ 6.56 Common stock Class B N/A $ 2.20 N/A $ 6.56 (a) The results of the September 6, 2022 stock split have been applied retroactively for all periods prior to September 6, 2022. (b) Potential dilutive common shares include our share-based employee compensation plans. The number of common shares excluded from dilutive shares outstanding was approximately 30 thousand and 10 thousand for the three and nine months ended September 30,

Related Parties (Tables)

Related Parties (Tables)	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The table below summarizes our material revenues and expenses in connection with the transactions described below for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Revenues: Other income $ 24 $ 21 $ 83 $ 63 Net investment income - excluding Fortitude Re funds withheld assets 3 (8) (4) (15) Total revenues $ 27 $ 13 $ 79 $ 48 Expenses: General operating and other expenses $ 51 $ 86 $ 79 $ 256 Interest expense 17 7 76 57 Loss on extinguishment of debt — — — 145 Total expenses $ 68 $ 93 $ 155 $ 458 For further details on tax impact of the IPO, see Note 15. Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2022 2021 2022 2021 Payment or (refund): Corebridge $ 188 $ 589 $ 1,018 $ 1,327 SAFG Capital LLC 2 1 14 4 Total $ 190 $ 590 $ 1,032 $ 1,331

Overview and Basis of Presentat

Overview and Basis of Presentation (Details)	Sep. 19, 2022 USD ($)	Feb. 28, 2022 USD ($)	Dec. 15, 2021 USD ($)	Nov. 02, 2021 USD ($)	Jul. 16, 2021 USD ($) mutualFund	Sep. 30, 2027 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) $ / shares	Dec. 31, 2021 $ / shares	Nov. 01, 2021 USD ($)
Other Ownership Interests [Line Items]
Common stock, par value (in dollars per share) | $ / shares								$ 0.01	$ 0.01
Dividends payable								$ 148,000,000
Promissory note										$ 8,300,000,000
Consideration received on sale of real estate			$ 4,900,000,000
Pre-tax gain on real estate			$ 3,000,000,000
Number of funds reorganized | mutualFund					12
Total derivatives with related parties
Other Ownership Interests [Line Items]
Assets under management				$ 50,000,000,000
AIGT And Eastgreen | Total derivatives with related parties
Other Ownership Interests [Line Items]
Consideration transferred		$ 107,000,000
AIG
Other Ownership Interests [Line Items]
Dividends payable										$ 8,300,000,000
SAAMCo
Other Ownership Interests [Line Items]
Assets under management					$ 6,800,000,000
Gain on sale of assets					$ 103,000,000
Earning period (in years)					3 years
Number of funds liquidated | mutualFund					6,000,000,000
Corebridge Financial
Other Ownership Interests [Line Items]
Stock issued in IPO (in shares)	$ 80,000,000
Assets under management				$ 50,000,000,000
Corebridge Financial | Blackstone
Other Ownership Interests [Line Items]
Ownership percentage				9.90%
Corebridge Financial | Forecast
Other Ownership Interests [Line Items]
Assets under management						$ 92,500,000,000
Annual increase of assets in portfolio							$ 8,500,000,000
Corebridge Financial | Blackstone
Other Ownership Interests [Line Items]
Percent of ownership interest permitted to be sold after first anniversary (as a percent)				25%
Percent of ownership interest permitted to be sold after second anniversary (as a percent)				67%
Percent of ownership interest permitted to be sold after third anniversary (as a percent)				75%
Corebridge Financial Inc
Other Ownership Interests [Line Items]
Noncontrolling interest ownership percentage								77.70%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	Jan. 01, 2023	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity		$ 8,374	$ 13,091	$ 28,845	$ 38,929	$ 38,936	$ 39,781
ASU 2018-12 | Cumulative effect of change in accounting principle | Forecast | Minimum
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity	$ (1,000)
ASU 2018-12 | Cumulative effect of change in accounting principle | Forecast | Maximum
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity	$ (3,000)

Segment Reporting (Details)

Segment Reporting (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | segment			5
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	$ 1,305	$ 941	$ 3,046	$ 2,988
Policy fees	732	714	2,238	2,269
Total net investment income	2,160	3,005	7,021	8,747
Total net realized gains	2,700	571	9,704	1,660
Advisory fee and other income	244	290	801	887
Total revenues	7,141	5,521	22,810	16,551
Policyholder benefits	1,810	1,514	4,752	4,810
Interest credited to policyholder account balances	944	920	2,725	2,661
Amortization of deferred policy acquisition costs and value of business acquired	339	388	1,313	876
Non-deferrable insurance commissions	156	168	481	481
Advisory fee expenses	65	77	201	245
General operating expenses	578	521	1,741	1,553
Interest expense	149	83	357	295
(Gain) loss on extinguishment of debt	0	0	0	229
Net (gain) loss on divestitures	(2)	(103)	1	(103)
Total benefits and expenses	4,039	3,568	11,571	11,047
Net income attributable to noncontrolling interests	(126)	(152)	(281)	(312)
Income before income tax (benefit)	3,102	1,953	11,239	5,504
Fortitude Holdings
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net investment income	157	445	617	1,336
Income before income tax (benefit)	1,531	419	7,039	1,789
Operating Segments | Individual Retirement
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	56	68	168	125
Policy fees	203	244	637	717
Total net investment income	940	1,110	2,824	3,254
Total net realized gains	0	0	0	0
Advisory fee and other income	108	145	346	454
Total revenues	1,307	1,567	3,975	4,550
Policyholder benefits	165	205	494	418
Interest credited to policyholder account balances	488	487	1,392	1,346
Amortization of deferred policy acquisition costs and value of business acquired	234	373	613	620
Non-deferrable insurance commissions	87	94	265	271
Advisory fee expenses	34	43	106	149
General operating expenses	100	98	318	319
Interest expense	0	10	0	36
(Gain) loss on extinguishment of debt				0
Net (gain) loss on divestitures	0	0	0	0
Total benefits and expenses	1,108	1,310	3,188	3,159
Net income attributable to noncontrolling interests	0	0	0	0
Adjusted pre-tax operating income (loss)	199	257	787	1,391
Operating Segments | Group Retirement
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	3	7	16	15
Policy fees	109	135	347	389
Total net investment income	491	606	1,506	1,810
Total net realized gains	0	0	0	0
Advisory fee and other income	74	89	232	248
Total revenues	677	837	2,101	2,462
Policyholder benefits	24	32	78	58
Interest credited to policyholder account balances	286	289	853	859
Amortization of deferred policy acquisition costs and value of business acquired	22	16	85	45
Non-deferrable insurance commissions	31	31	89	89
Advisory fee expenses	31	34	95	96
General operating expenses	103	109	332	329
Interest expense	0	9	0	28
(Gain) loss on extinguishment of debt				0
Net (gain) loss on divestitures	0	0	0	0
Total benefits and expenses	497	520	1,532	1,504
Net income attributable to noncontrolling interests	0	0	0	0
Adjusted pre-tax operating income (loss)	180	317	569	958
Operating Segments | Life Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	422	347	1,284	1,171
Policy fees	371	288	1,109	1,023
Total net investment income	307	440	1,013	1,241
Total net realized gains	0	0	0	0
Advisory fee and other income	28	29	94	80
Total revenues	1,128	1,104	3,500	3,515
Policyholder benefits	698	662	2,318	2,417
Interest credited to policyholder account balances	84	88	256	265
Amortization of deferred policy acquisition costs and value of business acquired	59	(7)	192	110
Non-deferrable insurance commissions	30	36	104	100
Advisory fee expenses	0	0	0	0
General operating expenses	154	198	479	514
Interest expense	0	6	0	19
(Gain) loss on extinguishment of debt				0
Net (gain) loss on divestitures	0	0	0	0
Total benefits and expenses	1,025	983	3,349	3,425
Net income attributable to noncontrolling interests	0	0	0	0
Adjusted pre-tax operating income (loss)	103	121	151	90
Operating Segments | Institutional Markets
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	804	499	1,538	1,624
Policy fees	49	47	145	140
Total net investment income	257	301	760	861
Total net realized gains	0	0	0	0
Advisory fee and other income	0	1	1	2
Total revenues	1,110	848	2,444	2,627
Policyholder benefits	915	598	1,863	1,896
Interest credited to policyholder account balances	85	75	215	221
Amortization of deferred policy acquisition costs and value of business acquired	2	1	5	4
Non-deferrable insurance commissions	7	6	21	19
Advisory fee expenses	0	0	0	0
General operating expenses	18	24	55	62
Interest expense	0	2	0	7
(Gain) loss on extinguishment of debt				0
Net (gain) loss on divestitures	0	0	0	0
Total benefits and expenses	1,027	706	2,159	2,209
Net income attributable to noncontrolling interests	0	0	0	0
Adjusted pre-tax operating income (loss)	83	142	285	418
Operating Segments | Corporate & Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	20	21	62	65
Policy fees	0	0	0	0
Total net investment income	39	122	361	304
Total net realized gains	132	152	143	198
Advisory fee and other income	31	26	101	103
Total revenues	222	321	667	670
Policyholder benefits	0	0	0	0
Interest credited to policyholder account balances	0	0	0	0
Amortization of deferred policy acquisition costs and value of business acquired	0	0	0	0
Non-deferrable insurance commissions	1	1	2	2
Advisory fee expenses	0	0	0	0
General operating expenses	97	88	297	290
Interest expense	144	50	349	216
(Gain) loss on extinguishment of debt				0
Net (gain) loss on divestitures	0	0	0	0
Total benefits and expenses	242	139	648	508
Net income attributable to noncontrolling interests	(126)	(149)	(281)	(259)
Adjusted pre-tax operating income (loss)	(146)	33	(262)	(97)
Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	0	0	0	0
Policy fees	0	0	0	0
Total net investment income	(3)	(11)	(13)	(45)
Total net realized gains	0	0	0	0
Advisory fee and other income	0	0	0	0
Total revenues	(3)	(11)	(13)	(45)
Policyholder benefits	0	0	0	0
Interest credited to policyholder account balances	0	0	0	0
Amortization of deferred policy acquisition costs and value of business acquired	0	0	0	0
Non-deferrable insurance commissions	0	0	0	0
Advisory fee expenses	0	0	0	0
General operating expenses	1	(6)	2	(5)
Interest expense	(8)	(7)	(29)	(39)
(Gain) loss on extinguishment of debt				0
Net (gain) loss on divestitures	0	0	0	0
Total benefits and expenses	(7)	(13)	(27)	(44)
Net income attributable to noncontrolling interests	0	0	0	0
Adjusted pre-tax operating income (loss)	4	2	14	(1)
Adjustments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	0	(1)	(22)	(12)
Policy fees	0	0	0	0
Total net investment income	129	437	570	1,322
Total net realized gains	2,568	419	9,561	1,462
Advisory fee and other income	3	0	27	0
Total revenues	2,700	855	10,136	2,772
Policyholder benefits	8	17	(1)	21
Interest credited to policyholder account balances	1	(19)	9	(30)
Amortization of deferred policy acquisition costs and value of business acquired	22	5	418	97
Non-deferrable insurance commissions	0	0	0	0
Advisory fee expenses	0	0	0	0
General operating expenses	105	10	258	44
Interest expense	13	13	37	28
(Gain) loss on extinguishment of debt				229
Net (gain) loss on divestitures	(2)	(103)	1	(103)
Total benefits and expenses	147	(77)	722	286
Net income attributable to noncontrolling interests	126	149	281	259
Total Corebridge
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Premiums	1,305	942	3,068	3,000
Policy fees	732	714	2,238	2,269
Total net investment income	2,031	2,568	6,451	7,425
Total net realized gains	132	152	143	198
Advisory fee and other income	241	290	774	887
Total revenues	4,441	4,666	12,674	13,779
Policyholder benefits	1,802	1,497	4,753	4,789
Interest credited to policyholder account balances	943	939	2,716	2,691
Amortization of deferred policy acquisition costs and value of business acquired	317	383	895	779
Non-deferrable insurance commissions	156	168	481	481
Advisory fee expenses	65	77	201	245
General operating expenses	473	511	1,483	1,509
Interest expense	136	70	320	267
(Gain) loss on extinguishment of debt				0
Net (gain) loss on divestitures	0	0	0	0
Total benefits and expenses	3,892	3,645	10,849	10,761
Net income attributable to noncontrolling interests	(126)	(149)	(281)	(259)
Adjusted pre-tax operating income (loss)	$ 423	$ 872	$ 1,544	$ 2,759

Fair Value Measurements - Asset

Fair Value Measurements - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($)		Sep. 30, 2022	Dec. 31, 2021
Assets:
Bonds available for sale	[1]	$ 151,039,000,000	$ 198,568,000,000
Other bond securities	[1]	4,775,000,000	2,082,000,000
Equity securities	[1]	144,000,000	242,000,000
Derivative assets		4,534,000,000	7,267,000,000
Counterparty netting		(3,359,000,000)	(5,785,000,000)
Cash Collateral		(831,000,000)	(798,000,000)
Total derivative assets		344,000,000	684,000,000
Short-term investments	[1]	5,166,000,000	5,471,000,000
Separate account assets		81,302,000,000	109,111,000,000
Liabilities:
Policyholder contract deposits		157,734,000,000	156,846,000,000
Derivative liabilities		3,546,000,000	6,013,000,000
Counterparty netting		(3,359,000,000)	(5,785,000,000)
Cash Collateral		(104,000,000)	(37,000,000)
Total derivative liabilities		83,000,000	191,000,000
Related Parties
Assets:
Derivative assets		4,463,000,000	7,182,000,000
Total derivative assets		80,000,000	256,000,000
Liabilities:
Derivative liabilities		3,354,000,000	5,778,000,000
Total derivative liabilities		0	2,000,000
Fair Value Measured at Net Asset Value Per Share
Liabilities:
Private equity funds/hedge funds		5,900,000,000	5,200,000,000
U.S. government and government sponsored entities
Assets:
Bonds available for sale		1,212,000,000	1,712,000,000
Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		5,983,000,000	8,676,000,000
Obligations of states, municipalities and political subdivisions | Level 3
Assets:
Bonds available for sale		785,000,000	1,364,000,000
Non-U.S. governments
Assets:
Bonds available for sale		4,165,000,000	6,397,000,000
Corporate debt
Assets:
Bonds available for sale		101,479,000,000	140,063,000,000
Corporate debt | Level 3
Assets:
Bonds available for sale		2,947,000,000	1,789,000,000
RMBS
Assets:
Bonds available for sale		11,793,000,000	14,958,000,000
RMBS | Related Parties
Assets:
Bonds available for sale		39,000,000	47,000,000
RMBS | Level 3
Assets:
Bonds available for sale		3,916,000,000	7,141,000,000
CMBS
Assets:
Bonds available for sale		9,832,000,000	11,300,000,000
CMBS | Level 3
Assets:
Bonds available for sale		544,000,000	887,000,000
CLO
Assets:
Bonds available for sale		6,950,000,000	7,402,000,000
CLO | Related Parties
Assets:
Bonds available for sale			862,000,000
ABS
Assets:
Bonds available for sale		9,625,000,000	8,060,000,000
Recurring Basis
Assets:
Bonds available for sale		151,039,000,000	198,568,000,000
Other bond securities		4,775,000,000	2,082,000,000
Equity securities		144,000,000	242,000,000
Other invested assets		1,690,000,000	1,892,000,000
Counterparty netting		(3,359,000,000)	(5,785,000,000)
Cash Collateral		(831,000,000)	(798,000,000)
Counterparty netting and cash collateral		(4,190,000,000)	(6,583,000,000)
Total derivative assets		344,000,000	684,000,000
Short-term investments		1,607,000,000	1,455,000,000
Separate account assets		81,302,000,000	109,111,000,000
Total		240,901,000,000	314,034,000,000
Liabilities:
Policyholder contract deposits		6,501,000,000	9,824,000,000
Counterparty netting		(3,359,000,000)	(5,785,000,000)
Cash Collateral		(104,000,000)	(37,000,000)
Counterparty netting and cash collateral		(3,463,000,000)	(5,822,000,000)
Total derivative liabilities		83,000,000	191,000,000
Fortitude Re funds withheld payable		797,000,000	7,974,000,000
Debt of consolidated investment entities		5,000,000	5,000,000
Total		7,386,000,000	17,994,000,000
Recurring Basis | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		5,000,000
Recurring Basis | Level 1
Assets:
Bonds available for sale		0	7,000,000
Other bond securities		0	0
Equity securities		74,000,000	238,000,000
Other invested assets		0	0
Derivative assets		18,000,000	7,000,000
Short-term investments		35,000,000	1,000,000
Separate account assets		77,683,000,000	105,221,000,000
Total		77,810,000,000	105,474,000,000
Liabilities:
Policyholder contract deposits		0	0
Derivative liabilities		4,000,000	2,000,000
Fortitude Re funds withheld payable		0	0
Debt of consolidated investment entities			0
Total		4,000,000	2,000,000
Recurring Basis | Level 1 | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		0
Recurring Basis | Level 2
Assets:
Bonds available for sale		130,740,000,000	176,154,000,000
Other bond securities		1,985,000,000	1,455,000,000
Equity securities		56,000,000	2,000,000
Other invested assets		0	0
Derivative assets		4,139,000,000	6,768,000,000
Short-term investments		1,572,000,000	1,454,000,000
Separate account assets		3,619,000,000	3,890,000,000
Total		142,111,000,000	189,723,000,000
Liabilities:
Policyholder contract deposits		140,000,000	130,000,000
Derivative liabilities		3,539,000,000	5,989,000,000
Fortitude Re funds withheld payable		0	0
Debt of consolidated investment entities			0
Total		3,679,000,000	6,119,000,000
Recurring Basis | Level 2 | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		0
Recurring Basis | Level 3
Assets:
Bonds available for sale		20,299,000,000	22,407,000,000
Other bond securities		2,790,000,000	627,000,000
Equity securities		14,000,000	2,000,000
Other invested assets		1,690,000,000	1,892,000,000
Derivative assets		377,000,000	492,000,000
Short-term investments		0	0
Separate account assets		0	0
Total		25,170,000,000	25,420,000,000
Liabilities:
Policyholder contract deposits		6,361,000,000	9,694,000,000
Derivative liabilities		3,000,000	22,000,000
Fortitude Re funds withheld payable		797,000,000	7,974,000,000
Debt of consolidated investment entities			5,000,000
Total		7,166,000,000	17,695,000,000
Recurring Basis | Level 3 | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		5,000,000
Recurring Basis | Interest rate contracts
Assets:
Derivative assets		1,702,000,000	1,911,000,000
Liabilities:
Derivative liabilities		3,198,000,000	1,576,000,000
Recurring Basis | Interest rate contracts | Level 1
Assets:
Derivative assets		4,000,000	0
Liabilities:
Derivative liabilities		0	1,000,000
Recurring Basis | Interest rate contracts | Level 2
Assets:
Derivative assets		1,493,000,000	1,911,000,000
Liabilities:
Derivative liabilities		3,198,000,000	1,575,000,000
Recurring Basis | Interest rate contracts | Level 3
Assets:
Derivative assets		205,000,000	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Foreign exchange contracts
Assets:
Derivative assets		2,262,000,000	672,000,000
Liabilities:
Derivative liabilities		264,000,000	366,000,000
Recurring Basis | Foreign exchange contracts | Level 1
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Foreign exchange contracts | Level 2
Assets:
Derivative assets		2,262,000,000	672,000,000
Liabilities:
Derivative liabilities		264,000,000	366,000,000
Recurring Basis | Foreign exchange contracts | Level 3
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Equity contracts
Assets:
Derivative assets		554,000,000	4,670,000,000
Liabilities:
Derivative liabilities		84,000,000	4,071,000,000
Recurring Basis | Equity contracts | Level 1
Assets:
Derivative assets		14,000,000	7,000,000
Liabilities:
Derivative liabilities		4,000,000	1,000,000
Recurring Basis | Equity contracts | Level 2
Assets:
Derivative assets		384,000,000	4,184,000,000
Liabilities:
Derivative liabilities		77,000,000	4,048,000,000
Recurring Basis | Equity contracts | Level 3
Assets:
Derivative assets		156,000,000	479,000,000
Liabilities:
Derivative liabilities		3,000,000	22,000,000
Recurring Basis | Credit contracts
Assets:
Derivative assets		0	1,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Credit contracts | Level 1
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Credit contracts | Level 2
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Credit contracts | Level 3
Assets:
Derivative assets		0	1,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Other contracts
Assets:
Derivative assets		16,000,000	13,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Other contracts | Level 1
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Other contracts | Level 2
Assets:
Derivative assets		0	1,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Other contracts | Level 3
Assets:
Derivative assets		16,000,000	12,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | U.S. government and government sponsored entities
Assets:
Bonds available for sale		1,212,000,000	1,712,000,000
Recurring Basis | U.S. government and government sponsored entities | Level 1
Assets:
Bonds available for sale		0	0
Recurring Basis | U.S. government and government sponsored entities | Level 2
Assets:
Bonds available for sale		1,212,000,000	1,712,000,000
Recurring Basis | U.S. government and government sponsored entities | Level 3
Assets:
Bonds available for sale		0	0
Recurring Basis | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		5,983,000,000	8,676,000,000
Other bond securities		37,000,000	50,000,000
Recurring Basis | Obligations of states, municipalities and political subdivisions | Level 1
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Obligations of states, municipalities and political subdivisions | Level 2
Assets:
Bonds available for sale		5,198,000,000	7,281,000,000
Other bond securities		37,000,000	50,000,000
Recurring Basis | Obligations of states, municipalities and political subdivisions | Level 3
Assets:
Bonds available for sale		785,000,000	1,395,000,000
Other bond securities		0	0
Recurring Basis | Non-U.S. governments
Assets:
Bonds available for sale		4,165,000,000	6,397,000,000
Other bond securities		21,000,000	17,000,000
Recurring Basis | Non-U.S. governments | Level 1
Assets:
Bonds available for sale		0	7,000,000
Other bond securities		0	0
Recurring Basis | Non-U.S. governments | Level 2
Assets:
Bonds available for sale		4,165,000,000	6,390,000,000
Other bond securities		21,000,000	17,000,000
Recurring Basis | Non-U.S. governments | Level 3
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Corporate debt
Assets:
Bonds available for sale		101,479,000,000	140,063,000,000
Other bond securities		1,898,000,000	1,000,000,000
Recurring Basis | Corporate debt | Level 1
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Corporate debt | Level 2
Assets:
Bonds available for sale		98,668,000,000	138,156,000,000
Other bond securities		1,348,000,000	866,000,000
Recurring Basis | Corporate debt | Level 3
Assets:
Bonds available for sale		2,811,000,000	1,907,000,000
Other bond securities		550,000,000	134,000,000
Recurring Basis | RMBS
Assets:
Bonds available for sale		11,793,000,000	14,958,000,000
Other bond securities		192,000,000	199,000,000
Recurring Basis | RMBS | Level 1
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | RMBS | Level 2
Assets:
Bonds available for sale		5,966,000,000	7,363,000,000
Other bond securities		73,000,000	93,000,000
Recurring Basis | RMBS | Level 2 | Related Parties
Assets:
Bonds available for sale		37,000,000	38,000,000
Recurring Basis | RMBS | Level 2 | Related Parties | Maximum
Assets:
Other bond securities		1,000,000	1,000,000
Recurring Basis | RMBS | Level 3
Assets:
Bonds available for sale		5,827,000,000	7,595,000,000
Other bond securities		119,000,000	106,000,000
Recurring Basis | RMBS | Level 3 | Related Parties
Assets:
Bonds available for sale		2,000,000	9,000,000
Recurring Basis | CMBS
Assets:
Bonds available for sale		9,832,000,000	11,300,000,000
Other bond securities		230,000,000	234,000,000
Recurring Basis | CMBS | Level 1
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | CMBS | Level 2
Assets:
Bonds available for sale		9,148,000,000	10,228,000,000
Other bond securities		203,000,000	201,000,000
Recurring Basis | CMBS | Level 3
Assets:
Bonds available for sale		684,000,000	1,072,000,000
Other bond securities		27,000,000	33,000,000
Recurring Basis | CLO
Assets:
Bonds available for sale		6,950,000,000	7,402,000,000
Other bond securities		1,601,000,000	283,000,000
Recurring Basis | CLO | Level 1
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | CLO | Level 2
Assets:
Bonds available for sale		5,322,000,000	4,364,000,000
Other bond securities		235,000,000	134,000,000
Recurring Basis | CLO | Level 3
Assets:
Bonds available for sale		1,628,000,000	3,038,000,000
Other bond securities		1,366,000,000	149,000,000
Recurring Basis | CLO | Level 3 | Related Parties
Assets:
Bonds available for sale		0	862,000,000
Recurring Basis | CLO | Level 3 | Special Purpose Entity
Assets:
Other bond securities		1,300,000,000	1,300,000,000
Recurring Basis | ABS
Assets:
Bonds available for sale		9,625,000,000	8,060,000,000
Other bond securities		796,000,000	299,000,000
Recurring Basis | ABS | Level 1
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | ABS | Level 2
Assets:
Bonds available for sale		1,061,000,000	660,000,000
Other bond securities		68,000,000	94,000,000
Recurring Basis | ABS | Level 3
Assets:
Bonds available for sale		8,564,000,000	7,400,000,000
Other bond securities		$ 728,000,000	$ 205,000,000
[1] See Note 8

Fair Value Measurements - Chang

Fair Value Measurements - Changes in level 3 recurring fair value measurements, assets (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 Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	$ 24,032	$ 23,284	$ 24,927	$ 23,791
Net Realized and Unrealized Gains (Losses) Included in Income	53	262	391	794
Other Comprehensive Income (Loss)	(813)	85	(3,163)	(73)
Purchases, Sales, Issuances and Settlements, Net	(367)	(613)	1,476	(1,632)
Gross Transfers In	1,744	110	3,399	1,093
Gross Transfers Out	(500)	(360)	(2,881)	(1,205)
Other (a)	(644)	88	(644)	88
Fair Value End of Period	24,793	22,680	24,793	22,680
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(13)	138	(85)	382
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(907)	88	(2,927)	6
Gross Transfers Out		(47)		(1)
Interest rate contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	0
Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	0
Equity contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	46
Credit contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	0
Other contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	0
Derivative liabilities, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	46
Policyholder contract deposits
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	(47)	0	(47)
Fortitude Re funds withheld payable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	0
Debt of consolidated investment entities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gross Transfers Out	0	0	0	0
Bonds available for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	20,779	20,950	22,407	21,644
Net Realized and Unrealized Gains (Losses) Included in Income	15	99	191	353
Other Comprehensive Income (Loss)	(788)	88	(3,112)	(63)
Purchases, Sales, Issuances and Settlements, Net	(248)	(233)	1,078	(1,094)
Gross Transfers In	1,703	110	3,055	1,018
Gross Transfers Out	(461)	(360)	(2,619)	(1,204)
Other (a)	701	88	701	88
Fair Value End of Period	20,299	20,566	20,299	20,566
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(907)	88	(2,927)	6
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	931	1,903	1,395	2,057
Net Realized and Unrealized Gains (Losses) Included in Income	0	1	1	5
Other Comprehensive Income (Loss)	(106)	(4)	(527)	(33)
Purchases, Sales, Issuances and Settlements, Net	(34)	24	(94)	(80)
Gross Transfers In	1	0	17	0
Gross Transfers Out	(7)	(61)	(7)	(86)
Other (a)	0	88	0	88
Fair Value End of Period	785	1,775	785	1,775
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(165)	(4)	(317)	(12)
Bonds available for sale | Corporate debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,836	1,993	1,907	1,709
Net Realized and Unrealized Gains (Losses) Included in Income	(28)	0	(45)	11
Other Comprehensive Income (Loss)	(32)	(6)	(146)	2
Purchases, Sales, Issuances and Settlements, Net	(207)	(70)	(190)	63
Gross Transfers In	1,360	52	1,664	322
Gross Transfers Out	(118)	0	(379)	(138)
Other (a)	0	0	0	0
Fair Value End of Period	2,811	1,969	2,811	1,969
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(42)	(6)	(149)	(4)
Bonds available for sale | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	6,144	7,595	7,595	8,104
Net Realized and Unrealized Gains (Losses) Included in Income	73	75	231	295
Other Comprehensive Income (Loss)	(203)	0	(908)	7
Purchases, Sales, Issuances and Settlements, Net	(179)	(275)	(672)	(977)
Gross Transfers In	1	8	1	8
Gross Transfers Out	(9)	(4)	(420)	(38)
Other (a)	0	0	0	0
Fair Value End of Period	5,827	7,399	5,827	7,399
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(177)	0	(843)	28
Bonds available for sale | CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	766	967	1,072	886
Net Realized and Unrealized Gains (Losses) Included in Income	0	4	13	20
Other Comprehensive Income (Loss)	(28)	(7)	(127)	(37)
Purchases, Sales, Issuances and Settlements, Net	(55)	(20)	20	102
Gross Transfers In	12	0	12	52
Gross Transfers Out	(11)	(20)	(306)	(99)
Other (a)	0	0	0	0
Fair Value End of Period	684	924	684	924
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(37)	(7)	(130)	(22)
Bonds available for sale | CLO
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	2,798	2,814	3,038	3,362
Net Realized and Unrealized Gains (Losses) Included in Income	(52)	0	(71)	(4)
Other Comprehensive Income (Loss)	(3)	135	(167)	4
Purchases, Sales, Issuances and Settlements, Net	(320)	(303)	(238)	(734)
Gross Transfers In	222	50	1,254	636
Gross Transfers Out	(316)	(275)	(1,487)	(843)
Other (a)	0	0	0	0
Fair Value End of Period	1,628	2,421	1,628	2,421
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(36)	135	(167)	6
Bonds available for sale | ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	8,304	5,678	7,400	5,526
Net Realized and Unrealized Gains (Losses) Included in Income	22	19	62	26
Other Comprehensive Income (Loss)	(416)	(30)	(1,237)	(6)
Purchases, Sales, Issuances and Settlements, Net	547	411	2,252	532
Gross Transfers In	107	0	107	0
Gross Transfers Out	0	0	(20)	0
Other (a)	701	0	701	0
Fair Value End of Period	8,564	6,078	8,564	6,078
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(450)	(30)	(1,321)	10
Other bond securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,443	292	626	334
Net Realized and Unrealized Gains (Losses) Included in Income	(20)	3	(101)	14
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(2)	(30)	682	(88)
Gross Transfers In	41	0	319	5
Gross Transfers Out	(17)	0	(81)	0
Other (a)	(1,345)	0	(1,345)	0
Fair Value End of Period	2,790	265	2,790	265
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(52)	(9)	(395)	(6)
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | Corporate debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	461	0	134	0
Net Realized and Unrealized Gains (Losses) Included in Income	(4)	0	(9)	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	65	0	190	0
Gross Transfers In	29	0	251	0
Gross Transfers Out	(1)	0	(16)	0
Other (a)	0	0	0	0
Fair Value End of Period	550	0	550	0
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(7)	0	(8)	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	119	72	105	96
Net Realized and Unrealized Gains (Losses) Included in Income	(4)	1	(13)	5
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	4	(5)	27	(33)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other (a)	0	0	0	0
Fair Value End of Period	119	68	119	68
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(4)	0	(24)	2
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	29	44	33	45
Net Realized and Unrealized Gains (Losses) Included in Income	(2)	0	(6)	1
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	(10)	0	(17)
Gross Transfers In	0	0	0	5
Gross Transfers Out	0	0	0	0
Other (a)	0	0	0	0
Fair Value End of Period	27	34	27	34
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(3)	(2)	(5)	(1)
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | CLO
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	130	176	150	193
Net Realized and Unrealized Gains (Losses) Included in Income	20	2	(1)	8
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(125)	(15)	(131)	(38)
Gross Transfers In	12	0	68	0
Gross Transfers Out	(16)	0	(65)	0
Other (a)	0	0	0	0
Fair Value End of Period	1,366	163	1,366	163
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(2)	(7)	(264)	(7)
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	704	0	204	0
Net Realized and Unrealized Gains (Losses) Included in Income	(30)	0	(72)	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	54	0	596	0
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other (a)	(1,345)	0	(1,345)	0
Fair Value End of Period	728	0	728	0
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(36)	0	(94)	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	7	1	2	42
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	11
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	7	0	11	(121)
Gross Transfers In	0	0	1	70
Gross Transfers Out	0	0	0	(1)
Other (a)	0	0	0	0
Fair Value End of Period	14	1	14	1
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other Invested Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,803	2,041	1,892	1,771
Net Realized and Unrealized Gains (Losses) Included in Income	58	160	301	416
Other Comprehensive Income (Loss)	(25)	(3)	(51)	(10)
Purchases, Sales, Issuances and Settlements, Net	(124)	(350)	(295)	(329)
Gross Transfers In	0	0	24	0
Gross Transfers Out	(22)	0	(181)	0
Other (a)	0	0	0	0
Fair Value End of Period	1,690	1,848	1,690	1,848
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	39	147	310	388
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Cha_2

Fair Value Measurements - Changes in level 3 recurring fair value measurements, liabilities (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	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Liabilities:
Fair Value Beginning of Period	$ 6,789	$ 16,368	$ 6,789	$ 16,368	$ 9,029	$ 17,203	$ 16,191	$ 18,583
Net Realized and Unrealized (Gains) Losses Included in Income	2,353	61	(10,336)	(888)
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	113	163	(78)	(1,213)
Fair Value End of Period	6,789	16,368	6,789	16,368
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	2,412	470	11,108	3,301
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Gross Transfers Out		(47)		(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(500)	(360)	(2,881)	(1,205)
Bonds available for sale
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(461)	(360)	(2,619)	(1,204)
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(7)	(61)	(7)	(86)
Bonds available for sale | Corporate debt
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(118)	0	(379)	(138)
Bonds available for sale | RMBS
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(9)	(4)	(420)	(38)
Bonds available for sale | CMBS
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(11)	(20)	(306)	(99)
Bonds available for sale | CLO
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(316)	(275)	(1,487)	(843)
Bonds available for sale | ABS
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	(20)	0
Other bond securities
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(17)	0	(81)	0
Other bond securities | Corporate debt
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(1)	0	(16)	0
Other bond securities | RMBS
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	0
Other bond securities | CMBS
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	0
Other bond securities | CLO
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(16)	0	(65)	0
Other bond securities | ABS
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	0
Equity securities
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	(1)
Other Invested Assets
Derivative liabilities, net:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(22)	0	(181)	0
Policyholder contract deposits
Liabilities:
Fair Value Beginning of Period	6,361	9,286	6,361	9,286	6,971	9,694	9,386	10,038
Net Realized and Unrealized (Gains) Losses Included in Income	(937)	(176)	(4,056)	(1,102)
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	327	123	723	397
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	(47)	0	(47)
Other	0	0	0	0
Fair Value End of Period	6,361	9,286	6,361	9,286
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	949	370	4,302	1,923
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net
Liabilities:
Net Realized and Unrealized (Gains) Losses Included in Income	50	41	414	7
Purchases, Sales, Issuances and Settlements, Net	(127)	73	(318)	(164)
Derivative liabilities, net:
Fair Value Beginning of Period	(297)	(493)	(470)	(155)
Net Realized and Unrealized (Gains) Losses Included in Income	50	41	414	7
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(127)	73	(318)	(164)
Gross Transfers In	0	0	0	(113)
Gross Transfers Out	0	0	0	46
Other	0	0	0	0
Fair Value End of Period	(374)	(379)	(374)	(379)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(43)	(78)	(203)	(38)
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Interest rate contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(137)	(1)	0	0
Net Realized and Unrealized (Gains) Losses Included in Income	(27)	(2)	(22)	(3)
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(41)	3	(183)	3
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(205)	0	(205)	0
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	29	2	21	1
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Foreign exchange contracts
Derivative liabilities, net:
Fair Value Beginning of Period	0	0	0	0
Net Realized and Unrealized (Gains) Losses Included in Income	(1)	0	(1)	0
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	1	0	1	0
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	1	0	1	0
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Equity contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(145)	(482)	(458)	(146)
Net Realized and Unrealized (Gains) Losses Included in Income	94	58	482	48
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(102)	57	(177)	(202)
Gross Transfers In	0	0	0	(113)
Gross Transfers Out	0	0	0	46
Other	0	0	0	0
Fair Value End of Period	(153)	(367)	(153)	(367)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(89)	(95)	(272)	(86)
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Credit contracts
Derivative liabilities, net:
Fair Value Beginning of Period	0	(1)	0	(2)
Net Realized and Unrealized (Gains) Losses Included in Income	0	0	1	8
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	(1)	(1)	(8)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	0	(2)	0	(2)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	(1)	0	(1)
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(15)	(9)	(12)	(7)
Net Realized and Unrealized (Gains) Losses Included in Income	(16)	(15)	(46)	(46)
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	15	14	42	43
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(16)	(10)	(16)	(10)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	16	16	47	48
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Fortitude Re funds withheld payable
Liabilities:
Fair Value Beginning of Period	797	7,455	797	7,455	2,349	7,974	7,293	7,749
Net Realized and Unrealized (Gains) Losses Included in Income	(1,463)	195	(6,694)	29
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(89)	(33)	(483)	(323)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	797	7,455	797	7,455
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	1,506	332	7,009	1,570
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Debt of consolidated investment entities
Liabilities:
Fair Value Beginning of Period	5	6	5	6	$ 6	$ 5	$ 5	$ 951
Net Realized and Unrealized (Gains) Losses Included in Income	3	(1)	0	(178)
Other Comprehensive (Income) Loss	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	2	0	0	(1,123)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	5	6	5	6
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	(154)	0	(154)
Changes in Unrealized Gain (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Net r

Fair Value Measurements - Net realized and unrealized gains and losses included in income related to Level 3 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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ 53	$ 262	$ 391	$ 794
Net realized gains (losses), liabilities	(2,353)	(61)	10,336	888
Loss on extinguishment of debt	0	0	0	229
Interest expense on debt		1		33
Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	937	176	4,056	1,102
Policyholder contract deposits | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Policyholder contract deposits | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Policyholder contract deposits | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	937	176	4,056	1,102
Policyholder contract deposits | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(50)	(41)	(414)	(7)
Derivative liabilities, net | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	17	15	46	44
Derivative liabilities, net | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Derivative liabilities, net | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(67)	(56)	(460)	(51)
Derivative liabilities, net | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	1,463	(195)	6,694	(29)
Fortitude Re funds withheld payable | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Fortitude Re funds withheld payable | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Fortitude Re funds withheld payable | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	1,463	(195)	6,694	(29)
Fortitude Re funds withheld payable | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Debt of consolidated investment entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(3)	1	0	178
Loss on extinguishment of debt				145
Debt of consolidated investment entities | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Debt of consolidated investment entities | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Debt of consolidated investment entities | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Debt of consolidated investment entities | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(3)	1	0	178
Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	15	99	191	353
Bonds available for sale | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Bonds available for sale | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	68	106	291	354
Bonds available for sale | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(53)	(7)	(100)	(1)
Bonds available for sale | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(20)	3	(101)	14
Other bond securities | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other bond securities | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(20)	3	(101)	14
Other bond securities | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other bond securities | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	11
Equity securities | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Equity securities | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	11
Equity securities | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Equity securities | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other Invested Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	58	160	301	416
Other Invested Assets | Policy Fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other Invested Assets | Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	58	165	301	405
Other Invested Assets | Net Realized and Unrealized Gains (Losses)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	(5)	0	11
Other Invested Assets | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Gross

Fair Value Measurements - Gross components of purchases, sales, issuances and settlements (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Assets:
Purchases	$ 766,000,000	$ 932,000,000	$ 4,390,000,000	$ 3,035,000,000
Sales	(190,000,000)	71,000,000	(249,000,000)	18,000,000
Issuances and Settlements	(943,000,000)	(1,616,000,000)	(2,665,000,000)	(4,685,000,000)
Purchases, Sales, Issuances and Settlements, Net	(367,000,000)	(613,000,000)	1,476,000,000	(1,632,000,000)
Liabilities:
Purchases	(126,000,000)	67,000,000	(290,000,000)	(76,000,000)
Sales	294,000,000	217,000,000	763,000,000	606,000,000
Issuances and Settlements	(55,000,000)	(121,000,000)	(551,000,000)	(1,743,000,000)
Purchases, Sales, Issuances and Settlements, Net	113,000,000	163,000,000	(78,000,000)	(1,213,000,000)
Issuances, assets	0	0	0	0
Issuances, liabilities	0	0	0	0
Transfers into Level 3 at end of reporting period, net gains (losses) not included in realized and unrealized gains and losses related to Level 3 for the period	(26,000,000)	(8,000,000)	(79,000,000)	(26,000,000)
Transfers out Level 3 at end of reporting period, net gains (losses) included in realized and unrealized gains and losses related to Level 3 for the period.	(30,000,000)	11,000,000	(113,000,000)	4,000,000
Policyholder contract deposits
Liabilities:
Purchases	0	0	0	0
Sales	294,000,000	217,000,000	763,000,000	606,000,000
Issuances and Settlements	33,000,000	(94,000,000)	(40,000,000)	(209,000,000)
Purchases, Sales, Issuances and Settlements, Net	327,000,000	123,000,000	723,000,000	397,000,000
Derivative liabilities, net
Liabilities:
Purchases	(126,000,000)	71,000,000	(290,000,000)	(76,000,000)
Sales	0	0	0	0
Issuances and Settlements	(1,000,000)	2,000,000	(28,000,000)	(88,000,000)
Purchases, Sales, Issuances and Settlements, Net	(127,000,000)	73,000,000	(318,000,000)	(164,000,000)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(43,000,000)	(78,000,000)	(203,000,000)	(38,000,000)
Fortitude Re funds withheld payable
Liabilities:
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances and Settlements	(89,000,000)	(33,000,000)	(483,000,000)	(323,000,000)
Purchases, Sales, Issuances and Settlements, Net	(89,000,000)	(33,000,000)	(483,000,000)	(323,000,000)
Debt of consolidated investment entities
Liabilities:
Purchases	0	(4,000,000)	0	0
Sales	0	0	0	0
Issuances and Settlements	2,000,000	4,000,000	0	(1,123,000,000)
Purchases, Sales, Issuances and Settlements, Net	2,000,000	0	0	(1,123,000,000)
Bonds available for sale
Assets:
Purchases	658,000,000	901,000,000	3,152,000,000	2,612,000,000
Sales	(64,000,000)	81,000,000	(123,000,000)	35,000,000
Issuances and Settlements	(842,000,000)	(1,215,000,000)	(1,951,000,000)	(3,741,000,000)
Purchases, Sales, Issuances and Settlements, Net	(248,000,000)	(233,000,000)	1,078,000,000	(1,094,000,000)
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Assets:
Purchases	0	31,000,000	0	37,000,000
Sales	0	0	(59,000,000)	(24,000,000)
Issuances and Settlements	(34,000,000)	(7,000,000)	(35,000,000)	(93,000,000)
Purchases, Sales, Issuances and Settlements, Net	(34,000,000)	24,000,000	(94,000,000)	(80,000,000)
Bonds available for sale | Corporate debt
Assets:
Purchases	21,000,000	0	25,000,000	427,000,000
Sales	(39,000,000)	(35,000,000)	(39,000,000)	(36,000,000)
Issuances and Settlements	(189,000,000)	(35,000,000)	(176,000,000)	(328,000,000)
Purchases, Sales, Issuances and Settlements, Net	(207,000,000)	(70,000,000)	(190,000,000)	63,000,000
Bonds available for sale | RMBS
Assets:
Purchases	56,000,000	141,000,000	327,000,000	260,000,000
Sales	0	0	0	0
Issuances and Settlements	(235,000,000)	(416,000,000)	(999,000,000)	(1,237,000,000)
Purchases, Sales, Issuances and Settlements, Net	(179,000,000)	(275,000,000)	(672,000,000)	(977,000,000)
Bonds available for sale | CMBS
Assets:
Purchases	0	1,000,000	98,000,000	149,000,000
Sales	0	(3,000,000)	0	(3,000,000)
Issuances and Settlements	(55,000,000)	(18,000,000)	(78,000,000)	(44,000,000)
Purchases, Sales, Issuances and Settlements, Net	(55,000,000)	(20,000,000)	20,000,000	102,000,000
Bonds available for sale | CLO
Assets:
Purchases	165,000,000	168,000,000	337,000,000	437,000,000
Sales	(25,000,000)	119,000,000	(25,000,000)	119,000,000
Issuances and Settlements	(460,000,000)	(590,000,000)	(550,000,000)	(1,290,000,000)
Purchases, Sales, Issuances and Settlements, Net	(320,000,000)	(303,000,000)	(238,000,000)	(734,000,000)
Bonds available for sale | ABS
Assets:
Purchases	416,000,000	560,000,000	2,365,000,000	1,302,000,000
Sales	0	0	0	(21,000,000)
Issuances and Settlements	131,000,000	(149,000,000)	(113,000,000)	(749,000,000)
Purchases, Sales, Issuances and Settlements, Net	547,000,000	411,000,000	2,252,000,000	532,000,000
Other bond securities
Assets:
Purchases	74,000,000	0	691,000,000	0
Sales	(126,000,000)	(10,000,000)	(126,000,000)	(17,000,000)
Issuances and Settlements	50,000,000	(20,000,000)	117,000,000	(71,000,000)
Purchases, Sales, Issuances and Settlements, Net	(2,000,000)	(30,000,000)	682,000,000	(88,000,000)
Other bond securities | Corporate debt
Assets:
Purchases	4,000,000	0	29,000,000	0
Sales	(3,000,000)	0	(3,000,000)	0
Issuances and Settlements	64,000,000	0	164,000,000	0
Purchases, Sales, Issuances and Settlements, Net	65,000,000	0	190,000,000	0
Other bond securities | RMBS
Assets:
Purchases	7,000,000	0	38,000,000	0
Sales	0	0	0	0
Issuances and Settlements	(3,000,000)	(5,000,000)	(11,000,000)	(33,000,000)
Purchases, Sales, Issuances and Settlements, Net	4,000,000	(5,000,000)	27,000,000	(33,000,000)
Other bond securities | CMBS
Assets:
Purchases	0	0	0	0
Sales	0	(10,000,000)	0	(17,000,000)
Issuances and Settlements	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	(10,000,000)	0	(17,000,000)
Other bond securities | CLO
Assets:
Purchases	1,000,000	0	14,000,000	0
Sales	(123,000,000)	0	(123,000,000)	0
Issuances and Settlements	(3,000,000)	(15,000,000)	(22,000,000)	(38,000,000)
Purchases, Sales, Issuances and Settlements, Net	(125,000,000)	(15,000,000)	(131,000,000)	(38,000,000)
Other bond securities | ABS
Assets:
Purchases	62,000,000	0	610,000,000	0
Sales	0	0	0	0
Issuances and Settlements	(8,000,000)	0	(14,000,000)	0
Purchases, Sales, Issuances and Settlements, Net	54,000,000	0	596,000,000	0
Equity securities
Assets:
Purchases	6,000,000	0	10,000,000	0
Sales	0	0	0	0
Issuances and Settlements	1,000,000	0	1,000,000	(121,000,000)
Purchases, Sales, Issuances and Settlements, Net	7,000,000	0	11,000,000	(121,000,000)
Other Invested Assets
Assets:
Purchases	28,000,000	31,000,000	537,000,000	423,000,000
Sales	0	0	0	0
Issuances and Settlements	(152,000,000)	(381,000,000)	(832,000,000)	(752,000,000)
Purchases, Sales, Issuances and Settlements, Net	$ (124,000,000)	$ (350,000,000)	$ (295,000,000)	$ (329,000,000)

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information about Level 3 Fair Value Measurements (Details) $ in Millions		Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale	[1]	$ 151,039	$ 198,568
Embedded derivatives within Policyholder contract deposits		7,200	17,700
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		900
Obligations of states, municipalities and political subdivisions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 5,983	$ 8,676
Obligations of states, municipalities and political subdivisions | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0528	0.0292
Obligations of states, municipalities and political subdivisions | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0597	0.0327
Obligations of states, municipalities and political subdivisions | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0563	0.0310
Obligations of states, municipalities and political subdivisions | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 785	$ 1,364
Corporate debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 101,479	$ 140,063
Corporate debt | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0378	0.0175
Corporate debt | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1363	0.0705
Corporate debt | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0870	0.0440
Corporate debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 2,947	$ 1,789
RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 11,793	$ 14,958
RMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0555	0.0172
RMBS | Minimum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0476	0.0518
RMBS | Minimum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.4468	0.2487
RMBS | Minimum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0085	0.0101
RMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0720	0.0408
RMBS | Maximum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0991	0.1841
RMBS | Maximum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.7650	0.7264
RMBS | Maximum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0273	0.0574
RMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0638	0.0290
RMBS | Weighted-average | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0734	0.1179
RMBS | Weighted-average | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.6059	0.4875
RMBS | Weighted-average | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0179	0.0337
RMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 3,916	$ 7,141
CLO | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0738	0.0294
CLO | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0895	0.0493
CLO | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0816	0.0394
CLO | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 1,595	$ 3,174
ABS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0571	0.0189
ABS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0736	0.0336
ABS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0654	0.0263
ABS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 6,485	$ 5,077
CMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 9,832	$ 11,300
CMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0512	0.0154
CMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0940	0.0449
CMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0726	0.0302
CMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 544	$ 887
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0605	0.0595
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0016	0.0016
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Minimum | Dynamic lapse multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2000	0.2000
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Minimum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3800	0.3800
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Minimum | Utilization
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9000	0.9000
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Minimum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.1000	0.2000
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0013	0.0001
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.4805	0.4665
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.1260	0.1260
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Maximum | Dynamic lapse multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8600	1.8600
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.4700	1.4700
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Maximum | Utilization
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1	1
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Maximum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3000	0.4000
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0229	0.0140
Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 698	$ 2,472
Fixed index annuities including certain GMWBs | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0605
Fixed index annuities including certain GMWBs | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0050	0.0050
Fixed index annuities including certain GMWBs | Minimum | Dynamic lapse multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2000	0.2000
Fixed index annuities including certain GMWBs | Minimum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2400	0.2400
Fixed index annuities including certain GMWBs | Minimum | Utilization
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.6000	0.6000
Fixed index annuities including certain GMWBs | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0013	0.0001
Fixed index annuities including certain GMWBs | Minimum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Fixed index annuities including certain GMWBs | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.4805
Fixed index annuities including certain GMWBs | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.5000	0.5000
Fixed index annuities including certain GMWBs | Maximum | Dynamic lapse multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8600	1.8600
Fixed index annuities including certain GMWBs | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8000	1.8000
Fixed index annuities including certain GMWBs | Maximum | Utilization
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9500	0.9500
Fixed index annuities including certain GMWBs | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0229	0.0140
Fixed index annuities including certain GMWBs | Maximum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0500	0.0400
Fixed index annuities including certain GMWBs | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 5,095	$ 6,445
Index Life | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0620
Index Life | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index Life | Minimum | Mortality rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index Life | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0013	0.0001
Index Life | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2611
Index Life | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3797	0.3797
Index Life | Maximum | Mortality rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1	1
Index Life | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0229	0.0140
Index Life | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 555	$ 765
[1] See Note 8

Fair Value Measurements - Inves

Fair Value Measurements - Investments in certain other invested assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Private Equity Funds and Hedge Funds
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	$ 5,910	$ 5,212
Unfunded Commitments	2,867	2,358
Private equity funds
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	5,053	4,310
Unfunded Commitments	$ 2,867	2,358
Average original expected lives (in years)	10 years
Private equity funds | Minimum
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Extension period (in years)	1 year
Private equity funds | Maximum
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Extension period (in years)	2 years
Leveraged buyout
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	$ 1,987	1,762
Unfunded Commitments	1,772	1,229
Real estate
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	1,110	490
Unfunded Commitments	489	365
Venture capital
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	208	194
Unfunded Commitments	122	135
Growth equity
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	546	637
Unfunded Commitments	42	37
Mezzanine
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	385	306
Unfunded Commitments	145	268
Other
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	817	921
Unfunded Commitments	297	324
Hedge funds
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	857	902
Unfunded Commitments	0	0
Event-driven
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	17	18
Unfunded Commitments	0	0
Long-short
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	321	404
Unfunded Commitments	0	0
Macro
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	298	370
Unfunded Commitments	0	0
Other
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Private equity funds/hedge funds	221	110
Unfunded Commitments	$ 0	$ 0

Fair Value Measurements - Gains

Fair Value Measurements - Gains or losses recorded related to fair value option (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
Fair Value, Option, Quantitative Disclosures
Total gain (loss)	$ (209)	$ 277	$ (295)	$ 665
Total liabilities
Fair Value, Option, Quantitative Disclosures
Total gain (loss)	10	0	22	(171)
Policyholder contract deposits
Fair Value, Option, Quantitative Disclosures
Total gain (loss)	7	1	22	7
Debt of consolidated investment entities
Fair Value, Option, Quantitative Disclosures
Total gain (loss)	3	(1)	0	(178)
Total assets
Fair Value, Option, Quantitative Disclosures
Total gain (loss)	(219)	277	(317)	836
Other bond securities
Fair Value, Option, Quantitative Disclosures
Total gain (loss)	(182)	3	(477)	31
Alternative investments
Fair Value, Option, Quantitative Disclosures
Total gain (loss)	(37)	$ 274	160	$ 805
Fair value option carrying amount	5		5		$ 5
Fair value option, aforementioned principal amount	$ 666		$ 666		$ 779

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets measured at fair value on a non-recurring basis and related impairment charges (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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	[1]	$ 10,143		$ 10,143		$ 10,567
Impairment Charges				11	$ 35
Non-Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		17		17		89
Mortgage and other loans receivable						15
Other assets						14
Total		17		17		118
Impairment Charges		11	$ 0	11	(6)
Non-Recurring Basis | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Charges		11	$ 0	11	$ (6)
Non-Recurring Basis | Asset Class to Loans Held For Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total		170		170
Non-Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		0		0		0
Mortgage and other loans receivable						0
Other assets						0
Total		0		0		0
Non-Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		0		0		0
Mortgage and other loans receivable						0
Other assets						14
Total		0		0		14
Non-Recurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		17		17		89
Mortgage and other loans receivable						15
Other assets						0
Total		$ 17		$ 17		$ 104
[1] See Note 8

Fair Value Measurements - Carry

Fair Value Measurements - Carrying values and estimated fair values of our financial instruments not measured at fair value (Details) - USD ($) $ in Millions		Sep. 30, 2022		Dec. 31, 2021		Sep. 30, 2021
Assets:
Mortgage and other loans receivable	[1]	$ 42,539		$ 39,388
Other investments	[1]	10,143		10,567
Short-term investments	[1]	5,166		5,471
Cash		382	[1]	537	[1]	$ 518
Other assets	[1]	2,809		3,303
Liabilities:
Short-term debt		1,500		8,317
Long-term debt		7,868		427
Consolidated VIE
Assets:
Mortgage and other loans receivable		2,202		2,359
Short-term investments		341		618
Cash		79		93
Other assets		166		745
Liabilities:
Other liabilities		122		835
Long-term debt		5,995		6,936
Estimated Fair Value
Assets:
Mortgage and other loans receivable		39,081		41,129
Other investments		222		193
Short-term investments		3,559		4,016
Cash		382		537
Other assets		43		7
Liabilities:
Policyholder contract deposits associated with investment-type contracts		138,530		143,143
Fortitude Re funds withheld payable		25,762		27,170
Other liabilities		207		3,704
Short-term debt		1,500		8,317
Long-term debt		6,994		586
Separate account liabilities - investment contracts		77,070		104,126
Estimated Fair Value | Consolidated VIE
Liabilities:
Long-term debt		5,554		6,887
Carrying Value
Assets:
Mortgage and other loans receivable		42,369		39,373
Other investments		222		193
Short-term investments		3,559		4,016
Cash		382		537
Other assets		43		7
Liabilities:
Policyholder contract deposits associated with investment-type contracts		138,255		133,043
Fortitude Re funds withheld payable		25,762		27,170
Other liabilities		207		3,704
Short-term debt		1,500		8,317
Long-term debt		7,868		427
Separate account liabilities - investment contracts		77,070		104,126
Carrying Value | Consolidated VIE
Liabilities:
Long-term debt		5,990		6,931
Level 1 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		0		0
Other investments		0		0
Short-term investments		0		0
Cash		382		537
Other assets		43		7
Liabilities:
Policyholder contract deposits associated with investment-type contracts		0		0
Fortitude Re funds withheld payable		0		0
Other liabilities		0		0
Short-term debt				0
Long-term debt		0		0
Separate account liabilities - investment contracts		0		0
Level 1 | Estimated Fair Value | Consolidated VIE
Liabilities:
Long-term debt		0		0
Level 2 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		31		52
Other investments		222		193
Short-term investments		3,559		4,016
Cash		0		0
Other assets		0		0
Liabilities:
Policyholder contract deposits associated with investment-type contracts		132		169
Fortitude Re funds withheld payable		0		0
Other liabilities		207		3,704
Short-term debt		1,500		0
Long-term debt		6,994		586
Separate account liabilities - investment contracts		77,070		104,126
Level 2 | Estimated Fair Value | Consolidated VIE
Liabilities:
Long-term debt		3,039		3,077
Level 3 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		39,050		41,077
Other investments		0		0
Short-term investments		0		0
Cash		0		0
Other assets		0		0
Liabilities:
Policyholder contract deposits associated with investment-type contracts		138,398		142,974
Fortitude Re funds withheld payable		25,762		27,170
Other liabilities		0		0
Short-term debt		0		8,317
Long-term debt		0		0
Separate account liabilities - investment contracts		0		0
Level 3 | Estimated Fair Value | Consolidated VIE
Liabilities:
Long-term debt		$ 2,515		$ 3,810
[1] See Note 8

Investments - Amortized cost or

Investments - Amortized cost or cost and fair value of available for sale securities (Details) - USD ($) $ in Millions		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		$ 177,399		$ 182,593
Allowance for Credit Losses		(93)	$ (114)	(78)	$ (57)	$ (67)	$ (131)
Gross Unrealized Gains		1,385		17,328
Gross Unrealized Losses		(27,652)		(1,275)
Bonds available for sale	[1]	151,039		198,568
Non-Investment Grade
Debt Securities, Available-for-sale [Line Items]
Bonds available for sale		16,900		20,400
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		1,398		1,406
Allowance for Credit Losses		0		0
Gross Unrealized Gains		17		306
Gross Unrealized Losses		(203)		0
Bonds available for sale		1,212		1,712
Obligations of states, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		6,904		7,321
Allowance for Credit Losses		0		0
Gross Unrealized Gains		40		1,362
Gross Unrealized Losses		(961)		(7)
Bonds available for sale		5,983		8,676
Non-U.S. governments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		5,251		6,026
Allowance for Credit Losses		(5)		0
Gross Unrealized Gains		19		495
Gross Unrealized Losses		(1,100)		(124)
Bonds available for sale		4,165		6,397
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		122,773		128,417
Allowance for Credit Losses		(65)		(72)
Gross Unrealized Gains		605		12,674
Gross Unrealized Losses		(21,834)		(956)
Bonds available for sale		101,479		140,063
Mortgage-backed, asset-backed and collateralized
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		41,073		39,423
Allowance for Credit Losses		(23)		(6)
Gross Unrealized Gains		704		2,491
Gross Unrealized Losses		(3,554)		(188)
Bonds available for sale		38,200		41,720
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		12,011		13,236
Allowance for Credit Losses		(22)		(6)
Gross Unrealized Gains		645		1,762
Gross Unrealized Losses		(841)		(34)
Bonds available for sale		11,793		14,958
RMBS | Total derivatives with related parties
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		43		44
Bonds available for sale		39		47
CMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		10,885		10,903
Allowance for Credit Losses		0		0
Gross Unrealized Gains		9		451
Gross Unrealized Losses		(1,062)		(54)
Bonds available for sale		9,832		11,300
CLO
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		7,382		7,382
Allowance for Credit Losses		(1)		0
Gross Unrealized Gains		34		73
Gross Unrealized Losses		(465)		(53)
Bonds available for sale		6,950		7,402
CLO | Total derivatives with related parties
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs				823
Bonds available for sale				862
ABS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost or Costs		10,795		7,902
Allowance for Credit Losses		0		0
Gross Unrealized Gains		16		205
Gross Unrealized Losses		(1,186)		(47)
Bonds available for sale		$ 9,625		$ 8,060
[1] See Note 8

Investments - Securities availa

Investments - Securities available for sale in a loss position (Details) $ in Millions	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Fair Value
Less Than 12 Months	$ 125,924	$ 31,417
12 Months or More	8,242	7,613
Total	134,166	39,030
Gross Unrealized Losses
Less Than 12 Months	24,522	732
12 Months or More	2,996	485
Total	$ 27,518	$ 1,217
Number of securities in an unrealized loss position | security	16,256	4,944
Number of individual securities in continuous unrealized loss position for longer than twelve months | security	1,678	1,179
U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	$ 779	$ 0
12 Months or More	0	0
Total	779	0
Gross Unrealized Losses
Less Than 12 Months	203	0
12 Months or More	0	0
Total	203	0
Obligations of states, municipalities and political subdivisions
Fair Value
Less Than 12 Months	5,198	201
12 Months or More	6	48
Total	5,204	249
Gross Unrealized Losses
Less Than 12 Months	958	4
12 Months or More	3	3
Total	961	7
Non-U.S. governments
Fair Value
Less Than 12 Months	3,507	1,198
12 Months or More	327	376
Total	3,834	1,574
Gross Unrealized Losses
Less Than 12 Months	896	58
12 Months or More	193	66
Total	1,089	124
Corporate debt
Fair Value
Less Than 12 Months	85,210	19,916
12 Months or More	7,229	6,922
Total	92,439	26,838
Gross Unrealized Losses
Less Than 12 Months	19,094	513
12 Months or More	2,674	387
Total	21,768	900
RMBS
Fair Value
Less Than 12 Months	6,610	1,235
12 Months or More	95	27
Total	6,705	1,262
Gross Unrealized Losses
Less Than 12 Months	763	30
12 Months or More	20	2
Total	783	32
CMBS
Fair Value
Less Than 12 Months	9,346	2,498
12 Months or More	105	79
Total	9,451	2,577
Gross Unrealized Losses
Less Than 12 Months	1,046	36
12 Months or More	16	18
Total	1,062	54
CLO
Fair Value
Less Than 12 Months	6,473	3,829
12 Months or More	227	21
Total	6,700	3,850
Gross Unrealized Losses
Less Than 12 Months	437	48
12 Months or More	29	5
Total	466	53
ABS
Fair Value
Less Than 12 Months	8,801	2,540
12 Months or More	253	140
Total	9,054	2,680
Gross Unrealized Losses
Less Than 12 Months	1,125	43
12 Months or More	61	4
Total	$ 1,186	$ 47

Investments - Amortized cost an

Investments - Amortized cost and fair value of fixed maturity securities available for sale by contractual maturity (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Amortized Cost, Net of Allowance
Due in one year or less		$ 2,212
Due after one year through five years		21,082
Due after five years through ten years		28,677
Due after ten years		84,285
Mortgage-backed, asset-backed and collateralized		41,050
Total		177,306
Fair Value
Due in one year or less		2,188
Due after one year through five years		20,101
Due after five years through ten years		25,378
Due after ten years		65,172
Mortgage-backed, asset-backed and collateralized		38,200
Total	[1]	$ 151,039	$ 198,568
[1] See Note 8

Investments - Gross realized ga

Investments - Gross realized gains and gross realized losses from sales or maturities of available for sale securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fixed maturity securities
Gross Realized Gains	$ 11	$ 177	$ 104	$ 677
Gross Realized Losses	115	9	593	99
Net Investment Income [Line Items]
Aggregate fair value of available for sale securities sold	1,000	1,600	8,600	7,200
Net realized gains (losses)	(104)	168	(489)	578
Fortitude RE Funds Withheld Assets
Net Investment Income [Line Items]
Net realized gains (losses)	$ (62)	$ 136	$ (185)	$ 491

Investments - Value of other se

Investments - Value of other securities measured at fair value based on election of the fair value option (Details) - USD ($) $ in Millions		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities	[1]	$ 4,775	$ 2,082
Equity securities	[1]	144	242
Total		$ 4,919	$ 2,324
Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		100%	100%
Fixed maturity securities
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 4,775	$ 2,082
Fixed maturity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		97%	90%
Fixed maturity securities | Obligations of states, municipalities and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 37	$ 50
Fixed maturity securities | Obligations of states, municipalities and political subdivisions | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		1%	2%
Fixed maturity securities | Non-U.S. governments
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 21	$ 17
Fixed maturity securities | Non-U.S. governments | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		0%	1%
Fixed maturity securities | Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 1,898	$ 1,000
Fixed maturity securities | Corporate debt | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		38%	43%
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 2,819	$ 1,015
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		58%	44%
Fixed maturity securities | RMBS
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 192	$ 199
Fixed maturity securities | RMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		4%	9%
Fixed maturity securities | CMBS
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 230	$ 234
Fixed maturity securities | CMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		5%	10%
Fixed maturity securities | CLO
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 1,601	$ 283
Fixed maturity securities | CLO | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		33%	12%
Fixed maturity securities | ABS
Debt and Equity Securities, FV-NI [Line Items]
Total fixed maturity securities		$ 796	$ 299
Fixed maturity securities | ABS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		16%	13%
Equity securities
Debt and Equity Securities, FV-NI [Line Items]
Equity securities		$ 144	$ 242
Equity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		3%	10%
[1] See Note 8

Investments - Carrying amounts

Investments - Carrying amounts of other invested assets (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Investments [Line Items]
Investment real estate		$ 1,837	$ 2,349
All other investments		566	691
Total	[1]	10,143	10,567
Accumulated depreciation on investment in real estate		607	493
Total derivatives with related parties
Investments [Line Items]
Total		4	11
Fortitude Re Funds Withheld Assets
Investments [Line Items]
All other investments		156	100
Private equity funds/hedge funds
Investments [Line Items]
Alternative investments		7,740	7,527
Hedge Funds
Investments [Line Items]
Total		$ 856	$ 1,000
Percentage available for redemption in current fiscal year		63%	73%
Percentage available for redemption in the six years following the current fiscal year		37%	27%
Private equity funds
Investments [Line Items]
Alternative investments		$ 5,053	$ 4,310
Total		6,900	6,500
Affordable Housing Partnerships
Investments [Line Items]
Accumulated depreciation on investment in real estate		$ 123	$ 123
[1] See Note 8

Investments - Equity method inv

Investments - Equity method investments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Equity Method Investments, Joint Ventures, Investments, Debt And Equity Securities [Abstract]
Equity method investments	$ 3,239	$ 2,797

Investments - Components of net

Investments - Components of 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
Net Investment Income [Line Items]
Total investment income	$ 2,267	$ 3,096	$ 7,370	$ 8,996
Investment expenses	107	91	349	249
Net investment income	2,160	3,005	7,021	8,747
Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	2,103	2,644	6,730	7,636
Investment expenses	100	84	326	225
Net investment income	2,003	2,560	6,404	7,411
Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	164	452	640	1,360
Investment expenses	7	7	23	24
Net investment income	157	445	617	1,336
Available-for-sale fixed maturity securities, including short-term investments
Net Investment Income [Line Items]
Total investment income	1,905	2,107	5,682	6,134
Available-for-sale fixed maturity securities, including short-term investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	1,677	1,776	4,949	5,154
Available-for-sale fixed maturity securities, including short-term investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	228	331	733	980
Other bond securities
Net Investment Income [Line Items]
Total investment income	(182)	3	(477)	31
Other bond securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(62)	1	(115)	23
Other bond securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(120)	2	(362)	8
Equity securities
Net Investment Income [Line Items]
Total investment income	(5)	(37)	(82)	(106)
Equity securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(5)	(37)	(82)	(106)
Equity securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	0	0	0	0
Interest on mortgage and other loans
Net Investment Income [Line Items]
Total investment income	492	413	1,359	1,227
Interest on mortgage and other loans | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	447	369	1,228	1,091
Interest on mortgage and other loans | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	45	44	131	136
Alternative investments
Net Investment Income [Line Items]
Total investment income	5	514	763	1,449
Alternative investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(6)	439	625	1,213
Alternative investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	11	75	138	236
Real estate
Net Investment Income [Line Items]
Total investment income	13	95	34	201
Real estate | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	13	95	34	201
Real estate | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	0	0	0	0
Other investments
Net Investment Income [Line Items]
Total investment income	39	1	91	60
Other investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	39	1	91	60
Other investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	$ 0	$ 0	$ 0	$ 0

Investments - Components of n_2

Investments - Components of net realized gains (losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Components of net realized capital gains (losses)
Sales of fixed maturity securities	$ (104)	$ 168	$ (489)	$ 578
Net realized gains (losses)	2,700	571	9,704	1,660
Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	1,374	(26)	6,422	453
Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	1,326	597	3,282	1,207
Fortitude Re funds withheld embedded derivative
Components of net realized capital gains (losses)
Net realized gains (losses)	1,463	(195)	6,694	(29)
Fortitude Re funds withheld embedded derivative | Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	1,463	(195)	6,694	(29)
Fortitude Re funds withheld embedded derivative | Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	0	0	0	0
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(104)	168	(489)	578
Change in allowance for credit losses on fixed maturity securities	(1)	(5)	(88)	42
Foreign exchange transactions, net of related hedges	566	144	1,109	295
All other derivatives and hedge accounting	31	(23)	(46)	(89)
Sales of alternative investments and real estate investments	169	251	182	309
Other	(2)	70	(9)	211
Net realized gains (losses)	1,237	766	3,010	1,689
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Loans Receivable
Components of net realized capital gains (losses)
Change in allowance for credit losses on loans	(62)	21	(75)	108
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Variable Annuity Embedded Derivatives
Components of net realized capital gains (losses)
Variable annuity embedded derivatives, net of related hedges	442	59	1,402	85
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Fixed Annuity and Indexed Life Embedded Derivatives
Components of net realized capital gains (losses)
Variable annuity embedded derivatives, net of related hedges	198	81	1,024	150
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(62)	136	(185)	491
Change in allowance for credit losses on fixed maturity securities	8	1	(32)	3
Foreign exchange transactions, net of related hedges	44	3	82	17
All other derivatives and hedge accounting	(89)	(24)	(151)	(86)
Sales of alternative investments and real estate investments	32	51	35	52
Other	0	0	1	0
Net realized gains (losses)	(89)	169	(272)	482
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Fortitude Re Funds Withheld Assets | Loans Receivable
Components of net realized capital gains (losses)
Change in allowance for credit losses on loans	(22)	2	(22)	5
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Fortitude Re Funds Withheld Assets | Variable Annuity Embedded Derivatives
Components of net realized capital gains (losses)
Variable annuity embedded derivatives, net of related hedges	0	0	0	0
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Fortitude Re Funds Withheld Assets | Fixed Annuity and Indexed Life Embedded Derivatives
Components of net realized capital gains (losses)
Variable annuity embedded derivatives, net of related hedges	0	0	0	0
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(42)	32	(304)	87
Change in allowance for credit losses on fixed maturity securities	(9)	(6)	(56)	39
Foreign exchange transactions, net of related hedges	522	141	1,027	278
All other derivatives and hedge accounting	120	1	105	(3)
Sales of alternative investments and real estate investments	137	200	147	257
Other	(2)	70	(10)	211
Net realized gains (losses)	1,326	597	3,282	1,207
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Excluding Fortitude Re Funds Withheld Assets | Loans Receivable
Components of net realized capital gains (losses)
Change in allowance for credit losses on loans	(40)	19	(53)	103
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Excluding Fortitude Re Funds Withheld Assets | Variable Annuity Embedded Derivatives
Components of net realized capital gains (losses)
Variable annuity embedded derivatives, net of related hedges	442	59	1,402	85
Excluding Modified Coinsurance And Funds Withheld Embedded Derivative | Excluding Fortitude Re Funds Withheld Assets | Fixed Annuity and Indexed Life Embedded Derivatives
Components of net realized capital gains (losses)
Variable annuity embedded derivatives, net of related hedges	$ 198	$ 81	$ 1,024	$ 150

Investments - Schedule of chang

Investments - Schedule of changes in unrealized appreciation (depreciation) of available for sale securities and other investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (10,048)	$ (1,779)	$ (42,324)	$ (6,641)
Net gains (losses) recognized during the period on equity securities and other investments	(43)	281	226	880
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	7	32	(57)	(240)
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	(50)	249	283	1,120
Fixed maturity securities
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Increase (decrease) in unrealized appreciation (depreciation) of investments	(10,044)	(1,779)	(42,320)	(6,641)
Equities
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Net gains (losses) recognized during the period on equity securities and other investments	(5)	(36)	(82)	(106)
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	1	14	(47)	(273)
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	(6)	(50)	(35)	167
Other Invested Assets
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Net gains (losses) recognized during the period on equity securities and other investments	(38)	317	308	986
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	6	18	(10)	33
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	(44)	299	318	953
Other investments
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (4)	$ 0	$ (4)	$ 0

Investments - Rollforward of ch

Investments - Rollforward of changes in allowance for credit losses on available for sale fixed maturity securities by major investment category (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, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 114	$ 67	$ 78	$ 131
Additions:
Securities for which allowance for credit losses were not previously recorded	16	19	147	41
Reductions:
Securities sold during the period	(12)	(13)	(48)	(22)
Additional net increases or decreases to the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery, amortized cost basis	(15)	(14)	(59)	(83)
Write-offs charged against the allowance	(10)	(2)	(25)	(10)
Balance, end of period	93	57	93	57
Structured
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	19	9	6	14
Additions:
Securities for which allowance for credit losses were not previously recorded	1	0	36	2
Reductions:
Securities sold during the period	(1)	(1)	(2)	(3)
Additional net increases or decreases to the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery, amortized cost basis	5	(2)	(16)	(7)
Write-offs charged against the allowance	0	0	0	0
Balance, end of period	24	6	24	6
Non-Structured
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	95	58	72	117
Additions:
Securities for which allowance for credit losses were not previously recorded	15	19	111	39
Reductions:
Securities sold during the period	(11)	(12)	(46)	(19)
Additional net increases or decreases to the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery, amortized cost basis	(20)	(12)	(43)	(76)
Write-offs charged against the allowance	(10)	(2)	(25)	(10)
Balance, end of period	$ 69	$ 51	$ 69	$ 51

Investments - Pledged investmen

Investments - Pledged investments (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amounts borrowed under repurchase and securities lending agreements	$ 200,000,000	$ 3,700,000,000
Securities pledged under repurchase agreements	321,000,000	259,000,000
Securities pledged under securities lending agreements		3,323,000,000
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	2,300,000,000	3,900,000,000
Loans	43,087,000,000	39,884,000,000
Policyholder contract deposits	157,734,000,000	156,846,000,000
Guaranteed Investment Contract
Financial Instruments Owned and Pledged as Collateral [Line Items]
Policyholder contract deposits	102,000,000	76,000,000
Asset Pledged as Collateral | Federal Home Loan Bank Advances
Financial Instruments Owned and Pledged as Collateral [Line Items]
Available for sale debt securities	4,600,000,000	3,700,000,000
Loans	1,700,000,000	1,400,000,000
Asset Pledged as Collateral | Deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Available for sale debt securities	85,000,000	41,000,000
Asset Pledged as Collateral | Collateralized Reinsurance Transactions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Available for sale debt securities	137,000,000	148,000,000
Overnight and Continuous
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	203,000,000	176,000,000
Securities pledged under securities lending agreements		0
Up to 30 Days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	26,000,000	61,000,000
Securities pledged under securities lending agreements		534,000,000
31 - 90 Days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	50,000,000	22,000,000
Securities pledged under securities lending agreements		2,789,000,000
91 - 364 Days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	42,000,000	0
Securities pledged under securities lending agreements		0
365 Days or Greater
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Securities pledged under securities lending agreements		0
Fixed maturity securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Available for sale debt securities	321,000,000	3,582,000,000
Securities collateral pledged to us	321,000,000	3,582,000,000
Bonds available for sale | U.S. government and government sponsored entities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	90,000,000	0
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under securities lending agreements		106,000,000
Bonds available for sale | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	56,000,000	48,000,000
Securities pledged under securities lending agreements		43,000,000
Bonds available for sale | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	175,000,000	211,000,000
Securities pledged under securities lending agreements		3,174,000,000
Bonds available for sale | Overnight and Continuous | U.S. government and government sponsored entities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | Overnight and Continuous | Obligations of states, municipalities and political subdivisions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under securities lending agreements		0
Bonds available for sale | Overnight and Continuous | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	28,000,000	48,000,000
Securities pledged under securities lending agreements		0
Bonds available for sale | Overnight and Continuous | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	175,000,000	128,000,000
Securities pledged under securities lending agreements		0
Bonds available for sale | Up to 30 Days | U.S. government and government sponsored entities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	26,000,000	0
Bonds available for sale | Up to 30 Days | Obligations of states, municipalities and political subdivisions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under securities lending agreements		0
Bonds available for sale | Up to 30 Days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Securities pledged under securities lending agreements		0
Bonds available for sale | Up to 30 Days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	61,000,000
Securities pledged under securities lending agreements		534,000,000
Bonds available for sale | 31 - 90 Days | U.S. government and government sponsored entities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	50,000,000	0
Bonds available for sale | 31 - 90 Days | Obligations of states, municipalities and political subdivisions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under securities lending agreements		106,000,000
Bonds available for sale | 31 - 90 Days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Securities pledged under securities lending agreements		43,000,000
Bonds available for sale | 31 - 90 Days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	22,000,000
Securities pledged under securities lending agreements		2,640,000,000
Bonds available for sale | 91 - 364 Days | U.S. government and government sponsored entities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	14,000,000	0
Bonds available for sale | 91 - 364 Days | Obligations of states, municipalities and political subdivisions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under securities lending agreements		0
Bonds available for sale | 91 - 364 Days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	28,000,000	0
Securities pledged under securities lending agreements		0
Bonds available for sale | 91 - 364 Days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Securities pledged under securities lending agreements		0
Bonds available for sale | 365 Days or Greater | U.S. government and government sponsored entities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | 365 Days or Greater | Obligations of states, municipalities and political subdivisions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under securities lending agreements		0
Bonds available for sale | 365 Days or Greater | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Securities pledged under securities lending agreements		0
Bonds available for sale | 365 Days or Greater | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Securities pledged under securities lending agreements		0
FHLBs
Financial Instruments Owned and Pledged as Collateral [Line Items]
Federal Home Loan Bank stock	$ 222,000,000	$ 193,000,000

Lending Activities - Compositio

Lending Activities - Composition of mortgages and other loans receivable (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Mar. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable			$ 43,087		$ 39,884
Allowance for credit losses			(548)	$ (484)	(496)	$ (505)	$ (560)	$ (657)
Mortgage and other loans receivable, net	[1]		42,539		39,388
Off-balance-sheet commitments			76		57
Commercial Mortgages
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable			31,591		30,528
Allowance for credit losses			$ (465)	$ (414)	$ (423)	(434)	$ (460)	$ (546)
Weighted average loan-to-value ratio (as a percent)			57%		57%
Weighted average debt service coverage ratio			2		1.9
Off-balance-sheet commitments			$ 76			$ 59
Loans on nonacrrual status			671		$ 118
Accrued interest receivable			$ 115		$ 109
Commercial Mortgages | New York
Composition of Mortgages and other loans receivable
Weighted average loan-to-value ratio (as a percent)			69%		51%
Weighted average debt service coverage ratio			2.6		2
Commercial Mortgages | California
Composition of Mortgages and other loans receivable
Weighted average loan-to-value ratio (as a percent)			52%		53%
Weighted average debt service coverage ratio			2.1		1.9
Commercial Mortgages | Geographic Concentration Risk | Interest on mortgage and other loans | New York
Composition of Mortgages and other loans receivable
Percentage of mortgage loans in geographic area		22%	20%
Commercial Mortgages | Geographic Concentration Risk | Interest on mortgage and other loans | California
Composition of Mortgages and other loans receivable
Percentage of mortgage loans in geographic area		10%	12%
Residential mortgages
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable			$ 4,901		$ 4,672
Loans on nonacrrual status			4		7
Accrued interest receivable			11		11
Life insurance policy loans
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable			1,767		1,832
Commercial loans, other loans and notes receivable
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable			4,828		2,852
Loans held for sale			$ 176		$ 15
[1] See Note 8

Lending Activities - Credit qua

Lending Activities - Credit quality of commercial mortgages (Details) $ in Millions	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 43,087	$ 39,884
Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	4,785	2,324
2021	2,515	2,357
2020	2,094	5,584
2019	5,260	5,156
2018	4,557	3,085
Prior	12,380	12,022
Total	$ 31,591	$ 30,528
Weighted average debt service coverage ratio	2	1.9
Weighted average loan-to-value ratio (as a percent)	57%	57%
Less than 65% | Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	$ 4,102	$ 1,859
2021	1,998	1,935
2020	1,868	3,912
2019	3,802	4,072
2018	3,003	2,384
Prior	8,989	8,264
Total	23,762	22,426
65% to 75% | Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	683	304
2021	280	396
2020	200	1,672
2019	1,458	1,084
2018	1,236	340
Prior	2,277	2,814
Total	6,134	6,610
76% to 80% | Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	237	0
2020	0	0
2019	0	0
2018	0	188
Prior	99	259
Total	336	447
Greater than 80% | Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	161
2021	0	26
2020	26	0
2019	0	0
2018	318	173
Prior	1,015	685
Total	1,359	1,045
Greater than 1.2X | Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	4,395	1,861
2021	1,934	1,520
2020	1,676	4,915
2019	4,867	3,300
2018	3,339	2,997
Prior	9,768	9,005
Total	25,979	23,598
1.00 - 1.20X | Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	390	463
2021	581	810
2020	397	598
2019	341	1,030
2018	327	88
Prior	1,206	1,684
Total	3,242	4,673
Less than 1.00X | Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	27
2020	21	71
2019	52	826
2018	891	0
Prior	1,406	1,333
Total	$ 2,370	$ 2,257

Lending Activities - Credit q_2

Lending Activities - Credit quality performance indicators for commercial mortgages (Details) $ in Millions	Sep. 30, 2022 USD ($) loan	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) loan	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 43,087		$ 39,884
Allowance for credit losses	$ 548	$ 484	$ 496	$ 505	$ 560	$ 657
Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	615		624
Total	$ 31,591		$ 30,528
Allowance for credit losses	$ 465	$ 414	$ 423	$ 434	$ 460	$ 546
Percent of Total	100%		100%
Percentage of total, allowance for credit losses	1%		1%
Commercial Mortgages | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	602		613
Total	$ 30,882		$ 30,079
Percent of Total	98%		99%
Commercial Mortgages | Restructured
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	10		7
Total	$ 532		$ 390
Percent of Total	2%		1%
Commercial Mortgages | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	1		0
Total	$ 157		$ 0
Percent of Total	0%		0%
Commercial Mortgages | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	2		4
Total	$ 20		$ 59
Percent of Total	0%		0%
Commercial Mortgages | Apartments
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 12,082		$ 12,394
Allowance for credit losses	82		93
Commercial Mortgages | Apartments | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	12,082		12,394
Commercial Mortgages | Apartments | Restructured
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Apartments | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Apartments | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Offices
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,056		8,698
Allowance for credit losses	230		193
Commercial Mortgages | Offices | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	8,545		8,370
Commercial Mortgages | Offices | Restructured
Financing Receivable, Credit Quality Indicator [Line Items]
Total	334		269
Commercial Mortgages | Offices | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	157		0
Commercial Mortgages | Offices | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	20		59
Commercial Mortgages | Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,284		4,043
Allowance for credit losses	58		69
Commercial Mortgages | Retail | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,190		4,026
Commercial Mortgages | Retail | Restructured
Financing Receivable, Credit Quality Indicator [Line Items]
Total	94		17
Commercial Mortgages | Retail | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Retail | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,036		3,262
Allowance for credit losses	66		39
Commercial Mortgages | Industrial | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,036		3,262
Commercial Mortgages | Industrial | Restructured
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Industrial | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Industrial | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Hotel
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,874		1,830
Allowance for credit losses	23		23
Commercial Mortgages | Hotel | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,770		1,726
Commercial Mortgages | Hotel | Restructured
Financing Receivable, Credit Quality Indicator [Line Items]
Total	104		104
Commercial Mortgages | Hotel | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Hotel | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Others
Financing Receivable, Credit Quality Indicator [Line Items]
Total	259		301
Allowance for credit losses	6		6
Commercial Mortgages | Others | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	259		301
Commercial Mortgages | Others | Restructured
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Others | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial Mortgages | Others | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 0		$ 0

Lending Activities - Credit q_3

Lending Activities - Credit quality of residential mortgages (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 43,087	$ 39,884
Residential mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	436	2,561
2021	2,672	943
2020	846	389
2019	317	156
2018	116	159
Prior	514	464
Total	4,901	4,672
780 and greater | Residential mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	204	1,398
2021	1,938	678
2020	653	284
2019	226	100
2018	76	107
Prior	347	325
Total	3,444	2,892
720 - 779 | Residential mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	219	1,118
2021	655	225
2020	163	83
2019	74	41
2018	30	36
Prior	113	94
Total	1,254	1,597
660 - 719 | Residential mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	13	44
2021	76	39
2020	28	20
2019	15	11
2018	8	13
Prior	39	33
Total	179	160
600 - 659 | Residential mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	1
2021	3	1
2020	2	2
2019	1	3
2018	2	2
Prior	10	6
Total	18	15
Less than 600 | Residential mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	1	1
2018	0	1
Prior	5	6
Total	$ 6	$ 8

Lending Activities - Rollforwar

Lending Activities - Rollforward of the changes in the allowance for credit losses on Mortgage and other loans receivable (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
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	$ 484	$ 560	$ 496	$ 657
Loans charged off	0	(1)	(4)	(1)
Net charge-offs	0	1	4	1
Provision for loan losses	64	(23)	56	(120)
Reclassified to held for sale	0		0	31
Allowance, end of period	548	505	548	505
Off-balance-sheet commitments	76		76		$ 57
Loans modified in a troubled debt restructuring	143	133	143	133
Commercial Mortgages
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	414	460	423	546
Loans charged off	0	(1)	(4)	(1)
Net charge-offs	0	1	4	1
Provision for loan losses	51	(25)	46	(111)
Reclassified to held for sale	0		0	0
Allowance, end of period	465	434	465	434
Off-balance-sheet commitments	76	59	76	59
Other Loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	70	100	73	111
Loans charged off	0	0	0	0
Net charge-offs	0	0	0	0
Provision for loan losses	13	2	10	(9)
Reclassified to held for sale	0		0	31
Allowance, end of period	$ 83	$ 71	$ 83	$ 71

Reinsurance - Summary of the co

Reinsurance - Summary of the composition of pool of assets (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Bonds available for sale	[1]	$ 151,039	$ 198,568
Fixed maturity securities - fair value option	[1]	4,775	2,082
Loans		43,087	39,884
Investment real estate		1,837	2,349
Short-term Investments	[1]	5,166	5,471
Derivative assets net, carrying value		344	684
Fair Value		4,534	7,267
Other assets	[1]	2,809	3,303
Total assets		354,595	416,212
Carrying Value
Effects of Reinsurance [Line Items]
Short-term Investments		3,559	4,016
Other assets		43	7
Private equity funds/hedge funds
Effects of Reinsurance [Line Items]
Private equity funds/hedge funds		7,740	7,527
Commercial Mortgages
Effects of Reinsurance [Line Items]
Loans		31,591	30,528
Policy loans
Effects of Reinsurance [Line Items]
Loans		1,767	1,832
Fortitude Holdings
Effects of Reinsurance [Line Items]
Derivative asset, fair value of collateral		355	387
Fortitude Holdings | Carrying Value
Effects of Reinsurance [Line Items]
Bonds available for sale		16,691	27,180
Fixed maturity securities - fair value option		3,137	1,593
Investment real estate		139	201
Short-term Investments		159	50
Funds withheld investment assets		25,823	34,189
Derivative assets net, carrying value		97	81
Other assets		643	476
Total assets		26,563	34,746
Fortitude Holdings | Fair Value
Effects of Reinsurance [Line Items]
Bonds available for sale		16,691	27,180
Fixed maturity securities - fair value option		3,137	1,593
Investment real estate		364	395
Short-term Investments		159	50
Funds withheld investment assets		25,819	34,587
Fair Value		97	81
Other assets		643	476
Total		26,559	35,144
Fortitude Holdings | Private equity funds/hedge funds | Carrying Value
Effects of Reinsurance [Line Items]
Private equity funds/hedge funds		1,861	1,606
Fortitude Holdings | Private equity funds/hedge funds | Fair Value
Effects of Reinsurance [Line Items]
Private equity funds/hedge funds		1,861	1,606
Fortitude Holdings | Commercial Mortgages | Carrying Value
Effects of Reinsurance [Line Items]
Loans		3,479	3,179
Fortitude Holdings | Commercial Mortgages | Fair Value
Effects of Reinsurance [Line Items]
Mortgage and other loans receivable		3,250	3,383
Fortitude Holdings | Policy loans | Carrying Value
Effects of Reinsurance [Line Items]
Loans		357	380
Fortitude Holdings | Policy loans | Fair Value
Effects of Reinsurance [Line Items]
Mortgage and other loans receivable		$ 357	$ 380
[1] See Note 8

Reinsurance - Summary of the im

Reinsurance - Summary of the impact of funds withheld (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Effects of Reinsurance [Line Items]
Net investment income - Fortitude Re funds withheld assets	$ 2,160	$ 3,005	$ 7,021	$ 8,747
Net realized gains (losses) on Fortitude Re funds withheld assets	2,700	571	9,704	1,660
Income before income tax expense	3,102	1,953	11,239	5,504
Income tax expense	(625)	(381)	(2,243)	(959)
Net income	2,477	1,572	8,996	4,545
Comprehensive income (loss)	(4,033)	269	(18,480)	484
Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Net investment income - Fortitude Re funds withheld assets	157	445	617	1,336
Fortitude Holdings
Effects of Reinsurance [Line Items]
Net investment income - Fortitude Re funds withheld assets	157	445	617	1,336
Net realized gains (losses) on Fortitude Re funds withheld assets	1,374	(26)	6,422	453
Income before income tax expense	1,531	419	7,039	1,789
Income tax expense	(322)	(88)	(1,478)	(376)
Net income	1,209	331	5,561	1,413
Comprehensive income (loss)	119	17	319	40
Fortitude Holdings | Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Net realized gains (losses) on Fortitude Re funds withheld assets	(89)	169	(272)	482
Fortitude Holdings | Fortitude Re funds withheld assets | Embedded derivatives
Effects of Reinsurance [Line Items]
Net realized gains (losses) on Fortitude Re funds withheld assets	1,463	(195)	6,694	(29)
Fortitude Holdings | Other investments
Effects of Reinsurance [Line Items]
Change in unrealized depreciation of the invested assets supporting the Fortitude Re modco arrangement classified as available for sale*	$ (1,090)	$ (314)	$ (5,242)	$ (1,373)

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) $ in Billions	Sep. 30, 2022 USD ($)
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 30.8
Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverables, percent	100%
Non-Investment Grade | Life and Retirement
Effects of Reinsurance [Line Items]
Reinsurance recoverables, percent	1%

Reinsurance - Rollforward of th

Reinsurance - Rollforward of the reinsurance recoverable allowance for credit losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 107	$ 87	$ 101	$ 83
Current period provision for expected credit losses and disputes	1	15	7	19
Write-offs charged against the allowance for credit losses and disputes	0	0	0	0
Balance, end of period	$ 108	$ 102	$ 108	$ 102

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions		Sep. 30, 2022		Dec. 31, 2021		Sep. 30, 2021
Assets:
Bonds available for sale	[1]	$ 151,039		$ 198,568
Other bond securities	[1]	4,775		2,082
Equity securities	[1]	144		242
Mortgage and other loans receivable	[1]	42,539		39,388
Investment real estate		1,837		2,349
Short-term Investments	[1]	5,166		5,471
Cash		382	[1]	537	[1]	$ 518
Accrued investment income	[1]	1,793		1,760
Other assets	[1]	2,809		3,303
Total assets		354,595		416,212
Liabilities:
Long-term debt		7,868		427
Total liabilities		346,204		387,284
Real Estate and Investment Entities | Internal Parties
Liabilities:
Off-balance sheet exposure associated with VIEs		2,300		2,400
Real Estate and Investment Entities | External parties
Liabilities:
Off-balance sheet exposure associated with VIEs		500		600
Consolidated VIE
Assets:
Bonds available for sale		3,505		5,393
Other bond securities		1,345		0
Equity securities		60		223
Mortgage and other loans receivable		2,202		2,359
Alternative investments		2,572		3,017
Investment real estate		1,785		2,257
Short-term Investments		341		618
Cash		79		93
Accrued investment income		6		15
Other assets		166		745
Total assets		12,061		14,720
Liabilities:
Long-term debt		5,995		6,936
Other liabilities		122		835
Total liabilities		6,117		7,771
Consolidated VIE | Real Estate and Investment Entities
Assets:
Bonds available for sale		0		0
Other bond securities		0		0
Equity securities		60		223
Mortgage and other loans receivable		0		0
Alternative investments		2,572		3,017
Investment real estate		1,785		2,257
Short-term Investments		172		467
Cash		79		93
Accrued investment income		0		0
Other assets		93		188
Total assets		4,761		6,245
Liabilities:
Long-term debt		1,383		1,743
Other liabilities		85		112
Total liabilities		1,468		1,855
Consolidated VIE | Securitization Vehicles
Assets:
Bonds available for sale		3,505		5,393
Other bond securities		1,345		0
Equity securities		0		0
Mortgage and other loans receivable		2,202		2,359
Alternative investments		0		0
Investment real estate		0		0
Short-term Investments		169		151
Cash		0		0
Accrued investment income		6		15
Other assets		73		557
Total assets		7,300		8,475
Liabilities:
Long-term debt		4,612		5,193
Other liabilities		37		723
Total liabilities		4,649		5,916
Corebridge Entities | Real Estate and Investment Entities | Internal Parties
Liabilities:
Off-balance sheet exposure associated with VIEs		1,600		1,500
AIG Affiliates | Real Estate and Investment Entities | Internal Parties
Liabilities:
Off-balance sheet exposure associated with VIEs		$ 700		$ 900
[1] See Note 8

Variable Interest Entities - In

Variable Interest Entities - Interests in Consolidated VIEs in the Consolidated Income Statements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
VARIABLE INTEREST ENTITY
Total revenue	$ 7,141	$ 5,521	$ 22,810	$ 16,551
Net income attributable to noncontrolling interests	126	152	281	312
Net income (loss) attributable to Corebridge	2,351	1,420	8,715	4,233
Consolidated VIE
VARIABLE INTEREST ENTITY
Total revenue	192	555	693	1,315
Net income attributable to noncontrolling interests	126	151	282	312
Net income (loss) attributable to Corebridge	4	331	254	615
Consolidated VIE | Real Estate and Investment Entities
VARIABLE INTEREST ENTITY
Total revenue	214	331	602	694
Net income attributable to noncontrolling interests	126	149	280	258
Net income (loss) attributable to Corebridge	77	157	286	367
Consolidated VIE | Securitization And Repackaging And Vehicles
VARIABLE INTEREST ENTITY
Total revenue	(22)	54	91	188
Net income attributable to noncontrolling interests	0	0	2	1
Net income (loss) attributable to Corebridge	(73)	32	(32)	(66)
Consolidated VIE | Affordable Housing Partnerships
VARIABLE INTEREST ENTITY
Total revenue	0	170	0	433
Net income attributable to noncontrolling interests	0	2	0	53
Net income (loss) attributable to Corebridge	$ 0	$ 142	$ 0	$ 314

Variable Interest Entities - Un

Variable Interest Entities - Unconsolidated VIEs (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
VARIABLE INTEREST ENTITY
Total VIE Assets		$ 354,595	$ 416,212
Other investments	[1]	10,143	10,567
Unconsolidated VIE
VARIABLE INTEREST ENTITY
Total VIE Assets		366,108	309,866
Maximum Exposure to Loss, On-Balance Sheet		5,490	4,459
Maximum Exposure to Loss, Off-Balance Sheet		2,965	2,452
Total		8,455	6,911
Other investments		5,500	4,500
Unconsolidated VIE | Real Estate and Investment Entities
VARIABLE INTEREST ENTITY
Total VIE Assets		366,108	309,866
Maximum Exposure to Loss, On-Balance Sheet		5,490	4,459
Maximum Exposure to Loss, Off-Balance Sheet		2,965	2,452
Total		8,455	6,911
Unconsolidated VIE | Other Investment Companies
VARIABLE INTEREST ENTITY
Total VIE Assets		139	2,000
Maximum Exposure to Loss, Off-Balance Sheet		$ 40	$ 1,200
[1] See Note 8

Derivatives and Hedge Account_3

Derivatives and Hedge Accounting - Notional amounts and fair values of derivative instruments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Gross Derivative Assets
Notional Amount	$ 103,806	$ 142,384
Fair Value	4,534	7,267
Counterparty netting	(3,359)	(5,785)
Cash Collateral	(831)	(798)
Total derivative assets	344	684
Gross Derivative Liabilities
Notional Amount	35,590	71,538
Fair Value	3,546	6,013
Counterparty netting	(3,359)	(5,785)
Cash Collateral	(104)	(37)
Total derivative liabilities on consolidated balance sheet	83	191
Bifurcated embedded derivatives assets, fair value	4	0
Bifurcated embedded derivative liabilities, fair value	7,200	17,700
Derivatives designated as hedging instruments | Interest rate contracts
Gross Derivative Assets
Notional Amount	293	352
Fair Value	224	274
Gross Derivative Liabilities
Notional Amount	1,806	980
Fair Value	84	14
Derivatives designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	5,561	4,058
Fair Value	993	262
Gross Derivative Liabilities
Notional Amount	304	2,861
Fair Value	3	55
Derivatives not designated as hedging instruments | Interest rate contracts
Gross Derivative Assets
Notional Amount	19,026	28,056
Fair Value	1,478	1,637
Gross Derivative Liabilities
Notional Amount	23,708	23,219
Fair Value	3,114	1,562
Derivatives not designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	8,658	4,047
Fair Value	1,269	410
Gross Derivative Liabilities
Notional Amount	1,143	5,413
Fair Value	261	311
Derivatives not designated as hedging instruments | Equity contracts
Gross Derivative Assets
Notional Amount	24,435	60,192
Fair Value	554	4,670
Gross Derivative Liabilities
Notional Amount	8,584	38,932
Fair Value	84	4,071
Derivatives not designated as hedging instruments | Credit contracts
Gross Derivative Assets
Notional Amount	0	1,840
Fair Value	0	1
Gross Derivative Liabilities
Notional Amount	0	0
Fair Value	0	0
Derivatives not designated as hedging instruments | Other contracts
Gross Derivative Assets
Notional Amount	45,833	43,839
Fair Value	16	13
Gross Derivative Liabilities
Notional Amount	45	133
Fair Value	$ 0	$ 0

Derivatives and Hedge Account_4

Derivatives and Hedge Accounting - Notional Amounts of Derivatives with Related Parties and Third Parties (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Gross Derivative Assets
Notional Amount	$ 103,806	$ 142,384
Fair Value	4,534	7,267
Gross Derivative Liabilities
Notional Amount	35,590	71,538
Fair Value	3,546	6,013
Total derivatives with related parties
Gross Derivative Assets
Notional Amount	57,115	96,862
Fair Value	4,463	7,182
Gross Derivative Liabilities
Notional Amount	34,714	68,623
Fair Value	3,354	5,778
Total derivatives with third parties
Gross Derivative Assets
Notional Amount	46,691	45,522
Fair Value	71	85
Gross Derivative Liabilities
Notional Amount	876	2,915
Fair Value	$ 192	$ 235

Derivatives and Hedge Account_5

Derivatives and Hedge Accounting - Balance sheet location (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fixed maturity securities
Derivative [Line Items]
Carrying amount of hedged assets	$ 5,426	$ 7,478
Commercial mortgage and other loans
Derivative [Line Items]
Carrying amount of hedged assets	109	0
Policyholder contract deposits
Derivative [Line Items]
Carrying amount of hedged liabilities	(2,204)	(1,500)
Cumulative effect of change in accounting principle | Fixed maturity securities
Derivative [Line Items]
Carrying amount of hedged assets	0	0
Cumulative effect of change in accounting principle | Commercial mortgage and other loans
Derivative [Line Items]
Carrying amount of hedged assets	(28)	(6)
Cumulative effect of change in accounting principle | Policyholder contract deposits
Derivative [Line Items]
Carrying amount of hedged liabilities	$ (77)	$ 79

Derivatives and Hedge Account_6

Derivatives and Hedge Accounting - Narrative (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
Credit derivatives:
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	$ 0		$ 223
Reclassification into interest expense	7		14
Amounts to be reclassified in the next 30 years			209
Amounts to be reclassified in the next twelve months			28
Fair value of hybrid securities	1,300		1,300		$ 100
Par value of hybrid securities	3,400		3,400		900
Currency Swap
Credit derivatives:
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	7	$ 4	16	$ 5
Third Parties
Credit derivatives:
Collateral posted	236		236		317
Collateral obtained from third parties for derivative transactions	40		40		53
Total derivatives with related parties
Credit derivatives:
Collateral posted	571		571		803
Collateral obtained from third parties for derivative transactions	$ 846		$ 846		$ 770

Derivatives and Hedge Account_7

Derivatives and Hedge Accounting - Fair value hedging relationships (Details) - Derivatives designated as hedging instruments - Fair value hedging - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest rate contracts | Net Realized and Unrealized Gains (Losses)
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	$ 0	$ 0	$ 0	$ 0
Gains/(losses) recognized in earnings for excluded components	0	0	0	0
Gain (losses) recognized in earnings on hedged items	0	0	0	0
Net Impact	0	0	0	0
Interest rate contracts | Interest credited to policyholder account balances
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	(66)	(15)	(156)	(48)
Gains/(losses) recognized in earnings for excluded components	0	5	0	6
Gain (losses) recognized in earnings on hedged items	64	8	157	32
Net Impact	(2)	(2)	1	(10)
Interest rate contracts | Net investment income
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	25	1	26	8
Gains/(losses) recognized in earnings for excluded components	0	0	0	0
Gain (losses) recognized in earnings on hedged items	(24)	(2)	(25)	(9)
Net Impact	1	(1)	1	(1)
Foreign exchange contracts
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	418	144	949	221
Gains/(losses) recognized in earnings for excluded components	105	38	181	105
Gain (losses) recognized in earnings on hedged items	(418)	(144)	(949)	(221)
Net Impact	$ 105	$ 38	$ 181	$ 105

Derivatives and Hedge Account_8

Derivatives and Hedge Accounting - Derivatives not designated as hedging instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fortitude Re funds withheld assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ (31)	$ (15)	$ (39)	$ (66)
Excluding Fortitude Re funds withheld embedded derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	1,463	(195)	6,694	(29)
Derivatives not designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	3,030	162	10,891	500
Derivatives not designated as hedging instruments | AIG
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	240	15	(1,200)	(800)
Derivatives not designated as hedging instruments | Excluding Fortitude Re Funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 1,581	$ 357	$ 4,206	$ 554
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized gains	Total net realized gains	Total net realized gains	Total net realized gains
Derivatives not designated as hedging instruments | Fortitude Re funds withheld assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized gains	Total net realized gains	Total net realized gains	Total net realized gains
Derivatives not designated as hedging instruments | Excluding Fortitude Re funds withheld embedded derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized gains	Total net realized gains	Total net realized gains	Total net realized gains
Derivatives not designated as hedging instruments | Policy fees
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 16	$ 16	$ 45	$ 46
Derivatives not designated as hedging instruments | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	8	0	6	0
Derivatives not designated as hedging instruments | Policyholder benefits and claims incurred
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(7)	(1)	(21)	(5)
Derivatives not designated as hedging instruments | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(536)	(168)	(2,218)	(862)
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	893	263	1,797	333
Derivatives not designated as hedging instruments | Equity contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	27	(56)	(93)	(614)
Derivatives not designated as hedging instruments | Credit contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	0	(1)	(1)	(8)
Derivatives not designated as hedging instruments | Other contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	16	16	48	48
Derivatives not designated as hedging instruments | Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	1,167	303	4,664	1,632
Derivatives not designated as hedging instruments | Embedded derivatives | Excluding Fortitude Re funds withheld embedded derivative | Fortitude RE
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 1,463	$ (195)	$ 6,694	$ (29)

Insurance Liabilities - Rollfor

Insurance Liabilities - Rollforward of Universal Life Policies (Details) - Universal Life - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balance, beginning of period	$ 3,151	$ 4,681	$ 4,505	$ 4,751
Incurred guaranteed benefits	176	75	564	419
Paid guaranteed benefits	(155)	(167)	(450)	(369)
Changes related to unrealized appreciation (depreciation) of investments	(471)	(111)	(1,918)	(323)
Balance, end of period	$ 2,701	$ 4,478	$ 2,701	$ 4,478
Percentage of fees	67%		67%		67%

Insurance Liabilities - Univers

Insurance Liabilities - Universal Life Policies (Details) - Universal Life - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Account value	$ 3,462	$ 3,313
Net amount at risk	$ 68,350	$ 65,801
Average attained age of contract holders by product	53 years	53 years

Insurance Liabilities - Narrati

Insurance Liabilities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Policyholder Funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Unearned revenue reserves	$ 2,300	$ 1,800
Individual Retirement | Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Total
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total account values	700	2,400
Group Retirement | Variable annuity guaranteed minimum withdrawal benefits (GMWB) | Total
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total account values	$ (4)	$ 74

Insurance Liabilities - Summary

Insurance Liabilities - Summary of Separate Accounts (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Individual Retirement
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	$ 42,472	$ 56,739
Individual Retirement | Equity funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	21,216	28,524
Individual Retirement | Bond funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	3,587	4,651
Individual Retirement | Balanced funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	17,008	23,018
Individual Retirement | Money market funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	661	546
Group Retirement
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	32,269	44,834
Group Retirement | Equity funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	23,119	33,718
Group Retirement | Bond funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	3,803	4,364
Group Retirement | Balanced funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	4,824	6,293
Group Retirement | Money market funds
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Total	$ 523	$ 459

Insurance Liabilities - GMDB Ex

Insurance Liabilities - GMDB Exposure at Contract Issuance (Details) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2022	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021	Dec. 31, 2021 USD ($) contract
Individual Retirement
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate accounts		$ 42,472		$ 56,739
Individual Retirement | Guaranteed Minimum Death Benefit | Minimum
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Range of guaranteed minimum return rates		0%	0%
Individual Retirement | Guaranteed Minimum Death Benefit | Maximum
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Range of guaranteed minimum return rates		450%	450%
Individual Retirement | Return of Account Value | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		$ 432		382
Separate accounts		3,029		3,543
Total account values		3,461		3,925
Net amount at risk - gross		0		0
Net amount at risk - net		$ 0		$ 0
Average attained age of contract holders by product	66 years	67 years
Percentage of policyholders age 70 and over		30.90%		27.80%
Individual Retirement | Return of Premium | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		$ 3,993		$ 4,055
Separate accounts		26,332		34,811
Total account values		30,325		38,866
Net amount at risk - gross		1,063		22
Net amount at risk - net		$ 1,055		$ 21
Average attained age of contract holders by product	70 years	70 years
Percentage of policyholders age 70 and over		50.70%		47%
Individual Retirement | Rollups | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		$ 436		$ 447
Separate accounts		1,648		2,453
Total account values		2,084		2,900
Net amount at risk - gross		479		363
Net amount at risk - net		$ 439		$ 327
Average attained age of contract holders by product	75 years	75 years
Percentage of policyholders age 70 and over		68.60%		66.90%
Individual Retirement | Highest Contract Value Attained | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		$ 1,340		$ 1,366
Separate accounts		11,463		15,932
Total account values		12,803		17,298
Net amount at risk - gross		2,980		341
Net amount at risk - net		$ 2,687		$ 257
Average attained age of contract holders by product	71 years	72 years
Percentage of policyholders age 70 and over		60.50%		58.10%
Group Retirement
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate accounts		$ 32,269		$ 44,834
Group Retirement | Return of Account Value | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		37		35
Separate accounts		241		290
Total account values		278		325
Net amount at risk - gross		0		0
Net amount at risk - net		$ 0		$ 0
Average attained age of contract holders by product	64 years	65 years
Percentage of policyholders age 70 and over		17.60%		14.90%
Group Retirement | Return of Premium | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		$ 5,445		$ 5,511
Separate accounts		4,355		6,056
Total account values		9,800		11,567
Net amount at risk - gross		52		9
Net amount at risk - net		$ 52		$ 9
Average attained age of contract holders by product	64 years	65 years
Percentage of policyholders age 70 and over		18.90%		17.90%
Group Retirement | Rollups | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		$ 18,417		$ 18,863
Separate accounts		27,619		38,419
Total account values		46,036		57,282
Net amount at risk - gross		495		152
Net amount at risk - net		$ 495		$ 152
Average attained age of contract holders by product	63 years	63 years
Percentage of policyholders age 70 and over		15.10%		14.20%
Number of contracts | contract		200,804,000,000		192,606,000,000
General account value for policyholder's 70 or older		$ 8,600		$ 8,300
Separate account value for policyholder's 70 or older		6,500		8,500
Net amount at risk		92		19
Group Retirement | Highest Contract Value Attained | Guaranteed Minimum Death Benefit
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
General account		3		4
Separate accounts		54		69
Total account values		57		73
Net amount at risk - gross		15		0
Net amount at risk - net		$ 15		$ 0
Average attained age of contract holders by product	68 years	68 years
Percentage of policyholders age 70 and over		32.50%		31.10%
Group Retirement | Guaranteed Minimum Death Benefit | Minimum
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Range of guaranteed minimum return rates		0%
Group Retirement | Guaranteed Minimum Death Benefit | Maximum
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Range of guaranteed minimum return rates		450%

Insurance Liabilities - Changes

Insurance Liabilities - Changes in GMBD Liability (Details) - Guaranteed Minimum Death Benefit - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Variable Annuity
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balance, beginning of period	$ 451	$ 423	$ 445	$ 382
Reserve increase (decrease)	45	24	121	90
Paid guaranteed benefits	(17)	(5)	(45)	(22)
Changes related to unrealized appreciation (depreciation) of investments	(15)	0	(57)	(8)
Balance, end of period	464	442	464	442
Assumed reinsurance reserves	13	16	13	16
Variable Annuity, Excluding Assumed Reinsurance
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balance, beginning of period	16	34	35	40
Reserve increase (decrease)	7	6	14	4
Paid guaranteed benefits	(1)	0	(2)	(1)
Changes related to unrealized appreciation (depreciation) of investments	(6)	(3)	(31)	(6)
Balance, end of period	$ 16	$ 37	$ 16	$ 37

Insurance Liabilities - Individ

Insurance Liabilities - Individual and Group Retirement GMWB and GMDB (Details) - GMWB & GMDB - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Individual Retirement | Total
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Fixed accounts	$ 4,302	$ 4,028
Indexed accounts	6,529	6,361
Total account values	10,831	10,389
Base reserve	926	737
Reserves related to unrealized appreciation of investments	(640)	348
Total GMWB and GMDB reserve	286	1,085
Individual Retirement | Fixed Annuities
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Fixed accounts	3,811	3,541
Indexed accounts	0	0
Total account values	3,811	3,541
Base reserve	358	270
Reserves related to unrealized appreciation of investments	(319)	187
Total GMWB and GMDB reserve	$ 39	$ 457
Average attained age of contract holders by product	68 years	68 years
Individual Retirement | Fixed Index Annuities
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Fixed accounts	$ 491	$ 487
Indexed accounts	6,529	6,361
Total account values	7,020	6,848
Base reserve	568	467
Reserves related to unrealized appreciation of investments	(321)	161
Total GMWB and GMDB reserve	$ 247	$ 628
Average attained age of contract holders by product	68 years	67 years
Group Retirement | Total
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Fixed accounts	$ 770	$ 732
Indexed accounts	1,379	1,409
Total account values	2,149	2,141
Base reserve	179	143
Reserves related to unrealized appreciation of investments	(86)	51
Total GMWB and GMDB reserve	93	194
Group Retirement | Fixed Annuities
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Fixed accounts	636	603
Indexed accounts	0	0
Total account values	636	603
Base reserve	56	42
Reserves related to unrealized appreciation of investments	(12)	5
Total GMWB and GMDB reserve	$ 44	$ 47
Average attained age of contract holders by product	70 years	69 years
Group Retirement | Fixed Index Annuities
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Fixed accounts	$ 134	$ 129
Indexed accounts	1,379	1,409
Total account values	1,513	1,538
Base reserve	123	101
Reserves related to unrealized appreciation of investments	(74)	46
Total GMWB and GMDB reserve	$ 49	$ 147
Average attained age of contract holders by product	68 years	68 years

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions		Aug. 23, 2022	Feb. 25, 2022	Sep. 30, 2022	Sep. 15, 2022	Apr. 05, 2022	Dec. 31, 2021
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Short-term debt				$ 1,500			$ 8,317
Long term debt, gross				7,927			427
Debt issuance costs				(59)			0
Long-term debt				7,868			427
Total debt, net of issuance costs				15,363			15,680
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Long-term debt	[1]			$ 5,995			6,936
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | Minimum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				0%
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | Maximum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				11.56%
Senior unsecured notes | Line of Credit
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Long term debt, gross				$ 6,500			0
Senior unsecured notes | Line of Credit | Minimum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				3.50%
Senior unsecured notes | Line of Credit | Maximum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				4.40%
Senior unsecured notes | Line of Credit | Line of Credit | Senior unsecured notes
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Long term debt, gross						$ 6,500
Hybrid junior subordinated notes | AIGLH notes
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)		6.875%		687.50%
Debt instrument term (in years)		5 years
Long term debt, gross				$ 1,000			0
AIGLH notes | AIGLH notes
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Long term debt, gross				$ 200			200
AIGLH notes | AIGLH notes | Minimum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				6.63%
AIGLH notes | AIGLH notes | Maximum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				7.50%
AIGLH junior subordinated debentures | AIGLH junior subordinated debentures
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Long term debt, gross				$ 227			227
AIGLH junior subordinated debentures | AIGLH junior subordinated debentures | Minimum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				7.57%
AIGLH junior subordinated debentures | AIGLH junior subordinated debentures | Maximum
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)				8.50%
Three Year DDTL Facility | Line of Credit | Senior unsecured notes
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Interest rate (as a percent)					412%
Short-term debt					$ 1,500		$ 0
CoreBridge 3-Year DDTL Facility | Line of Credit | Senior unsecured notes
Schedule of Long Term and Short Term Debt Instruments [Line Items]
Debt instrument term (in years)			3 years
[1] See Note 8

Debt - Senior and Unsecured Not

Debt - Senior and Unsecured Notes and Delayed Draw Term Loan (Details) - USD ($)		12 Months Ended
	Feb. 25, 2022	Dec. 31, 2021	Sep. 30, 2022	Sep. 15, 2022	Apr. 06, 2022	Apr. 05, 2022
Debt Instrument [Line Items]
Long term debt, gross		$ 427,000,000	$ 7,927,000,000
Short-term debt		$ 8,317,000,000	1,500,000,000
CoreBridge 18-Month DDTL Facility | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Debt instrument term (in years)		18 months
Maximum borrowing capacity	$ 6,000,000,000
CoreBridge 3-Year DDTL Facility | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Debt instrument term (in years)	3 years
Maximum borrowing capacity	$ 3,000,000,000				$ 2,500,000,000
Senior Notes Due 2025 | Hybrid junior subordinated notes | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Amount of debt issued						$ 1,000,000,000
Interest rate (as a percent)						3.50%
Senior Notes Due 2027 | Hybrid junior subordinated notes | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Amount of debt issued						$ 1,250,000,000
Interest rate (as a percent)						3.70%
Senior Notes Due 2029 | Hybrid junior subordinated notes | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Amount of debt issued						$ 1,000,000,000
Interest rate (as a percent)						3.90%
Senior Notes Due 2032 | Hybrid junior subordinated notes | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Amount of debt issued						$ 1,500,000,000
Interest rate (as a percent)						3.90%
Senior Notes Due 2042 | Hybrid junior subordinated notes | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Amount of debt issued						$ 500,000,000
Interest rate (as a percent)						4.40%
Senior Notes Due 2052 | Hybrid junior subordinated notes | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Amount of debt issued						$ 1,250,000,000
Interest rate (as a percent)						4.40%
Three Year DDTL Facility | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)				412%
Short-term debt		$ 0		$ 1,500,000,000
Senior unsecured notes | Line of Credit
Debt Instrument [Line Items]
Long term debt, gross		$ 0	$ 6,500,000,000
Senior unsecured notes | Line of Credit | Line of Credit | Senior unsecured notes
Debt Instrument [Line Items]
Long term debt, gross						$ 6,500,000,000

Debt - Hybrid Junior Subordinat

Debt - Hybrid Junior Subordinated Notes (Details) - Hybrid junior subordinated notes - AIGLH notes - USD ($)	Aug. 23, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Amount of debt issued	$ 1,000,000,000
Interest rate (as a percent)	6.875%	687.50%
Interest rate and payment reset period (in years)	5 years
Debt instrument term (in years)	5 years

Debt - Affiliated Notes (Detail

Debt - Affiliated Notes (Details)			9 Months Ended
	Jun. 23, 2022 GIP (£)	Feb. 12, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Nov. 30, 2021 USD ($)	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Short-term debt			$ 1,500,000,000		$ 8,317,000,000
Repayments of long term debt			0	$ 815,000,000
Affiliated senior promissory note with AIG | Hybrid junior subordinated notes
Debt Instrument [Line Items]
Short-term debt			$ 0		$ 8,317,000,000	$ 8,300,000,000
Affiliated senior promissory note with AIG | Hybrid junior subordinated notes | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis points						100%
Lexington Note | AIGLH notes
Debt Instrument [Line Items]
Amount of debt issued							$ 250,000,000
Repayments of long term debt		$ 254,000,000
AIG Life Note
Debt Instrument [Line Items]
Proceeds from issuance of note | £	£ 10,000,000

Debt - AIGLH Notes and Junior S

Debt - AIGLH Notes and Junior Subordinated Debentures (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long term debt, gross	$ 7,927	$ 427
AIGLH junior subordinated debentures | AIGLH junior subordinated debentures
Debt Instrument [Line Items]
Long term debt, gross	227	227
AIGLH notes | AIGLH notes
Debt Instrument [Line Items]
Long term debt, gross	200	$ 200
Consolidated Entities, Excluding Consolidated Investments | AIGLH notes
Debt Instrument [Line Items]
Long term debt, gross	$ 427

Debt - Debt Cash Tender Offers

Debt - Debt Cash Tender Offers (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Repayments of long term debt	$ 0	$ 815
AIGLH junior subordinated debentures
Debt Instrument [Line Items]
Extinguishment of debt	$ 216
Repayments of long term debt		$ 312

Debt - Revolving Credit Agreeme

Debt - Revolving Credit Agreement (Details) - Line of Credit - Credit Agreement - Revolving Credit Facility	May 12, 2022 USD ($)
Debt Instrument [Line Items]
Debt instrument term (in years)	5 years
Current borrowing capacity	$ 2,500,000,000
Increase in borrowing capacity	$ 500,000,000
NYFRB
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Maximum
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,000,000,000
Maximum | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1%
Minimum | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.10%

Debt - Letter of Credits (Detai

Debt - Letter of Credits (Details)	Sep. 30, 2022 USD ($)	Jul. 28, 2022 USD ($) lineOfCredit	Jul. 28, 2022 GIP (£) lineOfCredit	May 12, 2022 USD ($)	May 09, 2022 USD ($)	Dec. 31, 2021 USD ($)
Line of Credit Facility [Line Items]
Long-term debt	$ 7,868,000,000					$ 427,000,000
Letter of Credit | Line of Credit | AIG Life Letter Of Credit
Line of Credit Facility [Line Items]
Number of letters of credit | lineOfCredit		2	2
Letter of credit | £			£ 80,000,000
Letter of Credit | Line of Credit | AIG Bermuda
Line of Credit Facility [Line Items]
Letter of credit				$ 175,000,000	$ 250,000,000
Long-term debt		$ 250,000,000

Debt - Consolidated Investment

Debt - Consolidated Investment Entities Credit Facilities (Details) - Line of Credit - Revolving Credit Facility - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Consolidated Investment Entities Credit Facilities
Line of Credit Facility [Line Items]
Current borrowing capacity	$ 556,000,000
Maximum borrowing capacity	1,400,000,000
Line of credit	$ 181,000,000	$ 57,000,000
Consolidated Investment Entities Credit Facilities | Maximum
Line of Credit Facility [Line Items]
Debt instrument term (in years)	9 years
Consolidated Investment Entities Credit Facilities | Minimum
Line of Credit Facility [Line Items]
Debt instrument term (in years)	2 years
Consolidated Investment Entities Credit Facilities Real Estate Assets
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 407,000,000
Line of credit	$ 300,000,000	$ 403,000,000
Consolidated Investment Entities Credit Facilities Real Estate Assets | Minimum
Line of Credit Facility [Line Items]
Debt instrument term (in years)	3 years

Commitment, Contingencies and g

Commitment, Contingencies and guarantees (Details)	9 Months Ended
	Sep. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Amount of policy issued to plaintiff's	$ 1,000,000
Other commitments	$ 5,000,000,000
Minimum capital contributed (as a percent)	250%
Promissory Notes
Long-Term Purchase Commitment [Line Items]
Debt instrument term (in years)	5 years
Principal amount percentage	100%
Net present value of interest payments (as a percent)	100%

Equity and Redeemable Noncont_3

Equity and Redeemable Noncontrolling Interest - Retained earnings (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended	9 Months Ended
	Nov. 08, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Dividends [Line Items]
Dividend declared (in USD per share)		$ 0.23
Dividends payable		$ 148		$ 148
Distributed dividends				$ 580
Subsequent Event
Dividends [Line Items]
Dividend declared (in USD per share)	$ 0.23
AIG Shareholders
Dividends [Line Items]
Distributed dividends to AIG			$ 100		$ 735
AIG Shareholders | Cap Corp
Dividends [Line Items]
Distributed dividends to AIG			$ 50		$ 324

Equity and Redeemable Noncont_4

Equity and Redeemable Noncontrolling Interest - Rollforward of 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
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 13,091	$ 38,936	$ 28,845	$ 39,781
Change in unrealized depreciation of investments	(10,048)	(1,779)	(42,324)	(6,641)
Change in deferred policy acquisition costs adjustment and other	1,377	139	6,701	796
Change in future policy benefits	594	73	2,707	837
Change in cash flow hedges	(7)		211
Change in foreign currency translation adjustments	(83)	(20)	(159)	(16)
Change in net actuarial loss			(1)
Change in deferred tax asset (liability)	1,657	284	5,389	963
Other comprehensive income (loss)	(6,510)	(1,303)	(27,476)	(4,061)
Balance, end of period	8,374	38,929	8,374	38,929
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(10,799)	11,895	10,167	14,653
Other comprehensive income (loss)	(6,491)	(1,299)	(27,457)	(4,057)
Balance, end of period	(17,290)	10,596	(17,290)	10,596
Total | Cumulative effect of change in accounting principle
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss)		(1,303)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance for credit losses was Taken
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(39)	(38)	(40)	(62)
Other comprehensive income (loss)	(47)		(46)	24
Balance, end of period	(86)	(38)	(86)	(38)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance for credit losses was Taken | Cumulative effect of change in accounting principle
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss)		0
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(10,854)	11,912	10,209	14,698
Other comprehensive income (loss)	(6,379)		(27,442)	(4,068)
Balance, end of period	(17,233)	10,630	(17,233)	10,630
Unrealized Appreciation (Depreciation) of All Other Investments | Cumulative effect of change in accounting principle
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss)		(1,282)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	169
Other comprehensive income (loss)	(6)		163
Balance, end of period	163		163
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(81)	15	(9)	11
Other comprehensive income (loss)	(78)		(150)	(17)
Balance, end of period	(140)	(2)	(140)	(2)
Foreign Currency Translation Adjustments | Cumulative effect of change in accounting principle
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss)		(21)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	6	6	7	6
Other comprehensive income (loss)	0		(1)
Balance, end of period	6	6	6	6
Noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(19)	(4)	(19)	(4)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(19)	(4)	(19)	(4)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance for credit losses was Taken
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in unrealized depreciation of investments	(63)	6	(65)	40
Change in deferred policy acquisition costs adjustment and other	4	(6)	7	(10)
Change in deferred tax asset (liability)	12		12	(6)
Other comprehensive income (loss)	(47)	0	(46)	24
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in unrealized depreciation of investments	(9,985)	(1,785)	(42,259)	(6,681)
Change in deferred policy acquisition costs adjustment and other	1,373	145	6,694	806
Change in future policy benefits	594	73	2,707	837
Change in deferred tax asset (liability)	1,639	285	5,416	970
Other comprehensive income (loss)	(6,379)	(1,282)	(27,442)	(4,068)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in cash flow hedges	(7)		211
Change in deferred tax asset (liability)	1		(48)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in foreign currency translation adjustments	(83)	(20)	(159)	(16)
Change in deferred tax asset (liability)	5	(1)	9	(1)
Other comprehensive income (loss)	(59)	(17)	(131)	(13)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in net actuarial loss			(1)
Other comprehensive income (loss)	$ 0	$ 0	$ (1)	$ 0

Equity and Redeemable Noncont_5

Equity and Redeemable Noncontrolling Interest - Other comprehensive income reclassification adjustments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Comprehensive Income (Loss) Reclassification Adjustments
Amounts to be reclassified in the next twelve months			$ 209
Other comprehensive income (loss)	$ (6,510)	$ (1,303)	(27,476)	$ (4,061)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance for credit losses was Taken
Other Comprehensive Income (Loss) Reclassification Adjustments
Amounts to be reclassified in the next twelve months	(59)	2	(66)	30
Less: Reclassification adjustments included in net income	0	2	(8)	0
Total other comprehensive income (loss), before income tax expense (benefit)	(59)	0	(58)	30
Less: Income tax expense (benefit)	(12)	0	(12)	6
Other comprehensive income (loss)	(47)	0	(46)	24
Unrealized Appreciation (Depreciation) of All Other Investments
Other Comprehensive Income (Loss) Reclassification Adjustments
Amounts to be reclassified in the next twelve months	(8,123)	(1,401)	(33,341)	(4,461)
Less: Reclassification adjustments included in net income	(105)	166	(483)	578
Total other comprehensive income (loss), before income tax expense (benefit)	(8,018)	(1,567)	(32,858)	(5,039)
Less: Income tax expense (benefit)	(1,639)	(285)	(5,416)	(971)
Other comprehensive income (loss)	(6,379)	(1,282)	(27,442)	(4,068)
Cash Flow Hedges
Other Comprehensive Income (Loss) Reclassification Adjustments
Amounts to be reclassified in the next twelve months	(7)	0	211	0
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before income tax expense (benefit)	(7)	0	211	0
Less: Income tax expense (benefit)	(1)	0	48	0
Other comprehensive income (loss)	(6)	0	163	0
Foreign Currency Translation Adjustments
Other Comprehensive Income (Loss) Reclassification Adjustments
Amounts to be reclassified in the next twelve months	(64)	(16)	(140)	(11)
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before income tax expense (benefit)	(64)	(16)	(140)	(11)
Less: Income tax expense (benefit)	(5)	1	(9)	2
Other comprehensive income (loss)	(59)	(17)	(131)	(13)
Retirement Plan Liabilities Adjustment
Other Comprehensive Income (Loss) Reclassification Adjustments
Amounts to be reclassified in the next twelve months	0	0	(1)	0
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before income tax expense (benefit)	0	0	(1)	0
Less: Income tax expense (benefit)	0	0	0	0
Other comprehensive income (loss)	0	0	(1)	0
Total Corebridge Shareholders' Equity
Other Comprehensive Income (Loss) Reclassification Adjustments
Amounts to be reclassified in the next twelve months	(8,253)	(1,415)	(33,337)	(4,442)
Less: Reclassification adjustments included in net income	(105)	168	(491)	578
Total other comprehensive income (loss), before income tax expense (benefit)	(8,148)	(1,583)	(32,846)	(5,020)
Less: Income tax expense (benefit)	(1,657)	(284)	(5,389)	(963)
Other comprehensive income (loss)	$ (6,491)	$ (1,299)	$ (27,457)	$ (4,057)

Equity and Redeemable Noncont_6

Equity and Redeemable Noncontrolling Interest - Reclassification of significant items out of accumulated other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains	$ 2,700	$ 571	$ 9,704	$ 1,660
Net income (loss) attributable to Corebridge	2,351	1,420	8,715	4,233
Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to Corebridge	(105)	168	(491)	578
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains	0	2	(8)	0
Unrealized appreciation (depreciation) of all other investments | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains	$ (105)	$ 166	$ (483)	$ 578

Equity and Redeemable Noncont_7

Equity and Redeemable Noncontrolling Interest - Nonredeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Nonredeemable Controlling Interest [Line Items]
Changes in noncontrolling interests due to divestitures and acquisitions	$ (104)		$ (8)	$ (104)	$ 50
Contributions from noncontrolling interests	22		54	45	181
Distributions to noncontrolling interests	399		298	1,117	669
Non- Redeemable Noncontrolling Interests
Nonredeemable Controlling Interest [Line Items]
Changes in noncontrolling interests due to divestitures and acquisitions	(104)		(8)	(104)	50
Contributions from noncontrolling interests	22		54	45	181
Distributions to noncontrolling interests	399		$ 298	$ 1,117	$ 669
Non- Redeemable Noncontrolling Interests | Total derivatives with related parties
Nonredeemable Controlling Interest [Line Items]
Distributions to noncontrolling interests	$ 314	$ 413

Equity and Redeemable Noncont_8

Equity and Redeemable Noncontrolling Interest - Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Temporary Equity [Line Items]
Beginning balance			$ 83
Ending balance	$ 17		17
Redeemable Noncontrolling Interest
Temporary Equity [Line Items]
Beginning balance	58	$ 51	83	$ 51
Proceeds From Redeemable Noncontrolling Interest	(40)	0	(65)	0
Contributions from noncontrolling interests	0	(20)	0	(20)
Net income attributable to redeemable noncontrolling interest	(1)	(2)	(1)	(2)
Ending balance	$ 17	$ 69	$ 17	$ 69

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details)		1 Months Ended
	Sep. 06, 2022 shares	Sep. 30, 2022 shares	Nov. 02, 2021 shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock split ratio		6,450
Stock issued during stock split (in shares)	100,000	645,000,000
Corebridge Financial | Blackstone
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Ownership percentage			9.90%
Common Stock Class A
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock issued during stock split (in shares)	90,100
Common Stock Class B
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock issued during stock split (in shares)	9,900
Common Stock Class B | Corebridge Financial | Blackstone
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock outstanding (in shares)			63,855,000

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of EPS (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator for EPS:
Net income	$ 2,477	$ 1,572	$ 8,996	$ 4,545
Less: Net income (loss) attributable to noncontrolling interests	126	152	281	312
Net income (loss) attributable to Corebridge common shareholders	$ 2,351		$ 8,715
Denominator for EPS:
Weighted average common shares outstanding - basic (in shares)	645,700,000		645,200,000
Dilutive common shares (in shares)	700,000		200,000
Weighted average common shares outstanding - diluted (in shares)	646,400,000		645,400,000
Basic:
Basic (in dollars per share)	$ 3.64		$ 13.51
Diluted:
Diluted (in dollars per share)	$ 3.63		$ 13.50
Number of shares excluded from diluted shares outstanding because the effect would have been anti-dilutive (in shares)	30,000		10,000
Common Stock Class A
Numerator for EPS:
Net income (loss) attributable to Corebridge common shareholders		$ 1,279		$ 3,814
Denominator for EPS:
Weighted average common shares outstanding - basic (in shares)		581,100,000		581,100,000
Weighted average common shares outstanding - diluted (in shares)		581,100,000		581,100,000
Basic:
Basic (in dollars per share)		$ 2.20		$ 6.56
Diluted:
Diluted (in dollars per share)		$ 2.20		$ 6.56
Common Stock Class B
Numerator for EPS:
Net income (loss) attributable to Corebridge common shareholders		$ 141		$ 419
Denominator for EPS:
Weighted average common shares outstanding - basic (in shares)		63,900,000		63,900,000
Weighted average common shares outstanding - diluted (in shares)		63,900,000		63,900,000
Basic:
Basic (in dollars per share)		$ 2.20		$ 6.56
Diluted:
Diluted (in dollars per share)		$ 2.20		$ 6.56

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Valuation Allowance [Line Items]
Deferred tax asset valuation allowance recognized	$ 0		$ (24)
Valuation allowance	$ 127		$ 127
Effective tax rates on income from continuing operations (as a percent)	20.10%	19.50%	20%	17.40%
Valuation allowance related to certain tax attribute carryforward	$ 145		$ 145
Corebridge Financial Inc
Valuation Allowance [Line Items]
Noncontrolling interest ownership percentage	77.70%		77.70%
Corebridge Financial Inc | Maximum
Valuation Allowance [Line Items]
Noncontrolling interest ownership percentage	80%		80%
U.S.. Life Insurance Companies
Valuation Allowance [Line Items]
Deferred tax asset valuation allowance recognized	$ 68		$ 1,600

Related Parties - Schedule of M

Related Parties - Schedule of Material Revenues and Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Other income	$ 130	$ 144	$ 439	$ 433
Total net investment income	2,160	3,005	7,021	8,747
Total revenues	7,141	5,521	22,810	16,551
Expenses:
General operating and other expenses	578	521	1,741	1,553
Interest expense	149	83	357	295
Loss on extinguishment of debt	0	0	0	(229)
Total benefits and expenses	4,039	3,568	11,571	11,047
Excluding Fortitude Re Funds Withheld Assets
Revenues:
Total net investment income	2,003	2,560	6,404	7,411
Related Parties
Revenues:
Other income	24	21	83	63
Total revenues	27	13	79	48
Expenses:
General operating and other expenses	51	86	79	256
Interest expense	17	7	76	57
Loss on extinguishment of debt	0	0	0	145
Total benefits and expenses	68	93	155	458
Related Parties | Excluding Fortitude Re Funds Withheld Assets
Revenues:
Total net investment income	$ 3	$ (8)	$ (4)	$ (15)

Related Parties - Reorganizatio

Related Parties - Reorganization Transactions (Details) - Related Parties - USD ($) $ in Millions	Feb. 28, 2022	Oct. 01, 2021
AIGT And Eastgreen
Related Party Transaction [Line Items]
Consideration transferred	$ 107
AIG Bermuda | AIG
Related Party Transaction [Line Items]
Noncontrolling interest ownership percentage		3.50%
AIG Bermuda | Corebridge Entities
Related Party Transaction [Line Items]
Noncontrolling interest ownership percentage		3%

Related Parties - Advisory Tran

Related Parties - Advisory Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction [Line Items]
Other income	$ 130	$ 144	$ 439	$ 433
Related Parties
Related Party Transaction [Line Items]
Other income	$ 24	$ 21	$ 83	$ 63

Related Parties - Capital Marke

Related Parties - Capital Markets Agreements (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
Related Party Transaction [Line Items]
Total net investment income	$ 2,160	$ 3,005	$ 7,021	$ 8,747
Derivative assets, net	344		344		$ 684
Derivative liabilities, net	83		83		191
Related Parties
Related Party Transaction [Line Items]
Derivative assets, net	80		80		256
Derivative liabilities, net	0		0		2
Collateral posted	571		571		803
Collateral obtained from third parties for derivative transactions	846		846		770
Related Parties | Unsecured Derivative Transactions
Related Party Transaction [Line Items]
Derivative assets, net	235		235		406
Derivative liabilities, net	0		0		0
Collateral posted	0		0		$ 0
Excluding Fortitude Re Funds Withheld Assets
Related Party Transaction [Line Items]
Total net investment income	2,003	2,560	6,404	7,411
Excluding Fortitude Re Funds Withheld Assets | Related Parties
Related Party Transaction [Line Items]
Total net investment income	3	(8)	(4)	(15)
Excluding Fortitude Re Funds Withheld Assets | Related Parties | AIG
Related Party Transaction [Line Items]
Total net investment income	$ 4	$ 9	$ 14	$ 17

Related Parties - General Servi

Related Parties - General Services Agreement (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
Related Party Transaction [Line Items]
General operating expenses	$ 578	$ 521	$ 1,741	$ 1,553
Total derivatives with related parties
Related Party Transaction [Line Items]
General operating expenses	51	86	79	256
Total derivatives with related parties | General Services Agreement
Related Party Transaction [Line Items]
Due to related parties	333		333		$ 262
Due from related parties	51		51		$ 43
General operating expenses	$ 51	$ 45	$ 62	$ 171

Related Parties - Reinsurance T

Related Parties - Reinsurance Transactions (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
Related Party Transaction [Line Items]
Reinsurance recoverables	$ 30,800		$ 30,800
Total derivatives with related parties | Reinsurance Transactions
Related Party Transaction [Line Items]
Reinsurance recoverables	150		150		$ 167
Reinsurance payable	21		21		$ 7
Ceded premiums	$ 11	$ 13	$ 29	$ 33

Related Parties - Guarantees (D

Related Parties - Guarantees (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Minimum capital contributed (as a percent)	250%
Related Parties
Related Party Transaction [Line Items]
Minimum capital contributed (as a percent)	250%	250%

Related Parties - Credit Facili

Related Parties - Credit Facilities and Funding Arrangements (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
Related Party Transaction [Line Items]
Total net investment income	$ 2,160	$ 3,005	$ 7,021	$ 8,747
Excluding Fortitude Re Funds Withheld Assets
Related Party Transaction [Line Items]
Total net investment income	2,003	2,560	6,404	7,411
Related Parties | Excluding Fortitude Re Funds Withheld Assets
Related Party Transaction [Line Items]
Total net investment income	3	(8)	(4)	(15)
Related Parties | Credit Facilities And Funding Arrangements
Related Party Transaction [Line Items]
Due from related parties	400		400		$ 1,000
Related Parties | Credit Facilities And Funding Arrangements | Excluding Fortitude Re Funds Withheld Assets
Related Party Transaction [Line Items]
Total net investment income	$ 7	$ 1	$ 10	$ 2

Related Parties - Promissory No

Related Parties - Promissory Notes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2019	Nov. 30, 2021
Related Party Transaction [Line Items]
Interest expense	$ 149	$ 83	$ 357	$ 295
Promissory Notes
Related Party Transaction [Line Items]
Interest expense	7		46
Related Parties
Related Party Transaction [Line Items]
Interest expense	$ 17	$ 7	$ 76	$ 57
Related Parties | Promissory Notes
Related Party Transaction [Line Items]
Note issued to related party					$ 250
Notes issued from related parties						$ 8,300

Related Parties - Tax Sharing A

Related Parties - Tax Sharing Arrangements (Details) - Related Parties - Tax Sharing Arrangements - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction [Line Items]
Payment or (refund)	$ 190	$ 590	$ 1,032	$ 1,331
Corebridge
Related Party Transaction [Line Items]
Payment or (refund)	188	589	1,018	1,327
SAFG Capital LLC
Related Party Transaction [Line Items]
Payment or (refund)	$ 2	$ 1	$ 14	$ 4

Related Parties - Other Transac

Related Parties - Other Transactions (Details) - USD ($) $ in Millions	Sep. 09, 2022	Sep. 30, 2022	Dec. 31, 2021
Employee Benefit Programs
Related Party Transaction [Line Items]
Due to related parties		$ 58	$ 66
Total derivatives with related parties | Corebridge | AIG Special Purposes Entities | Collateralized Debt Obligations
Related Party Transaction [Line Items]
Noncontrolling interest ownership percentage	100%
Purchases of debt securities	$ 800

Related Parties - Share-Based C

Related Parties - Share-Based Compensation Plans (Details)	Sep. 06, 2022 shares
Related Party Transactions [Abstract]
CRBG stock authorized (in shares)	40,000,000

Related Parties - Related Party

Related Parties - Related Party Transactions with Blackstone (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Nov. 02, 2021
Related Party Transaction [Line Items]
Investment expenses	$ 107	$ 91	$ 349	$ 249
Related Parties
Related Party Transaction [Line Items]
Assets under management					$ 50,000
Investment expenses	$ 40		$ 113

Related Parties - Related Par_2

Related Parties - Related Party Transactions with VIEs (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($) variableInterestEntity	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Long-term debt	$ 7,868		$ 7,868		$ 427
Interest expense	149	$ 83	357	$ 295
Loss on extinguishment of debt	0	0	0	(229)
Redeemable noncontrolling interest	17		17		83
Net income attributable to noncontrolling interests	126	152	281	312
Related Parties
Related Party Transaction [Line Items]
Interest expense	17	7	76	57
Loss on extinguishment of debt	0	0	0	145
Consolidated VIE
Related Party Transaction [Line Items]
Long-term debt	5,995		5,995		6,936
Net income attributable to noncontrolling interests	126	151	282	312
Consolidated VIE | Related Parties
Related Party Transaction [Line Items]
Long-term debt	305		305		760
Interest expense	9	6	29	$ 56
Number of VIEs terminated | variableInterestEntity				6
Loss on extinguishment of debt			145
Redeemable noncontrolling interest	558		558		$ 1,500
Net income attributable to noncontrolling interests	$ 5	$ 85	$ 61	$ 141