Lincoln National (LNC) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-6028
Entity Registrant Name	LINCOLN NATIONAL CORPORATION
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-1140070
Entity Address, Address Line One	150 N. Radnor-Chester Road
Entity Address, Address Line Two	Suite A305
Entity Address, City or Town	Radnor
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19087
City Area Code	484
Local Phone Number	583-1400
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		170,343,186
Entity Central Index Key	0000059558
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	LNC
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1000th interest in a share of 9.000% Non-Cumulative Preferred Stock, Series D
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1000th interest in a share of 9.000% Non-Cumulative Preferred Stock, Series D
Trading Symbol	LNC PRD
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investments:
Fixed maturity available-for-sale securities, at fair value	$ 90,682	$ 88,738
Trading securities	2,206	2,359
Equity securities	293	306
Mortgage loans on real estate, net of allowance for credit losses	20,856	18,963
Policy loans	2,510	2,476
Derivative investments	9,522	6,474
Other investments	5,743	5,015
Total investments	131,812	124,331
Cash and invested cash	6,013	3,365
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,475	12,397
Reinsurance recoverables, net of allowance for credit losses	29,233	29,843
Deposit assets, net of allowance for credit losses	30,501	28,789
Market risk benefit assets	4,565	3,894
Accrued investment income	1,160	1,082
Goodwill	1,144	1,144
Other assets	8,454	9,311
Separate account assets	171,483	158,257
Total assets	396,840	372,413
Liabilities
Policyholder account balances	125,968	120,737
Future contract benefits	41,169	39,864
Funds withheld reinsurance liabilities	17,595	17,641
Market risk benefit liabilities	1,272	1,716
Deferred front-end loads	6,517	5,901
Payables for collateral on investments	10,570	8,105
Short-term debt	300	250
Long-term debt	5,897	5,699
Other liabilities	7,056	7,350
Separate account liabilities	171,483	158,257
Total liabilities	387,827	365,520
Contingencies and Commitments (See Note 14)
Stockholders’ Equity
Common stock	4,660	4,605
Retained earnings	6,049	4,778
Accumulated other comprehensive income (loss)	(2,682)	(3,476)
Total stockholders’ equity	9,013	6,893
Total liabilities and stockholders’ equity	396,840	372,413
Series C Preferred Stock
Stockholders’ Equity
Preferred stock	493	493
Series D Preferred Stock
Stockholders’ Equity
Preferred stock	$ 493	$ 493

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fixed maturity available-for-sale securities, at fair value
Amortized Cost	$ 97,688	$ 97,433
Allowance for Credit Losses	48	19
Mortgage loans on real estate, net of allowance for credit losses
Fair value	$ 263	$ 288
Stockholders’ Equity
Preferred stock - authorized (in shares)	10,000,000	10,000,000
Preferred stock - issued (in shares)	40,000	40,000
Preferred stock - outstanding (in shares)	40,000	40,000
Common stock - authorized (in shares)	800,000,000	800,000,000
Common stock - issued (in shares)	170,341,467	169,666,137
Common stock - outstanding (in shares)	170,341,467	169,666,137
Series C Preferred Stock
Stockholders’ Equity
Preferred stock - authorized (in shares)	20,000	20,000
Preferred stock - issued (in shares)	20,000	20,000
Preferred stock - outstanding (in shares)	20,000	20,000
Series D Preferred Stock
Stockholders’ Equity
Preferred stock - authorized (in shares)	20,000	20,000
Preferred stock - issued (in shares)	20,000	20,000
Preferred stock - outstanding (in shares)	20,000	20,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Insurance premiums	$ 1,614	$ 1,566	$ 4,839	$ 4,757
Fee income	1,352	1,363	4,015	4,107
Net investment income	1,411	1,494	4,090	4,468
Realized gain (loss)	(431)	(453)	(201)	(3,066)
Other revenues	165	233	637	680
Total revenues	4,111	4,203	13,380	10,946
Expenses
Benefits	1,937	2,152	5,948	6,635
Interest credited	880	831	2,555	2,424
Market risk benefit (gain) loss	657	(1,428)	(1,386)	(2,832)
Policyholder liability remeasurement (gain) loss	(50)	159	(166)	(68)
Commissions and other expenses	1,304	1,371	4,254	4,071
Interest and debt expense	86	84	253	250
Total expenses	4,814	3,169	11,458	10,480
Income (loss) before taxes	(703)	1,034	1,922	466
Federal income tax expense (benefit)	(175)	181	334	(17)
Net income (loss)	(528)	853	1,588	483
Other comprehensive income (loss), net of tax:
Unrealized investment gain (loss)	1,688	(2,896)	1,248	(1,635)
Market risk benefit non-performance risk gain (loss)	372	(844)	(289)	(742)
Policyholder liability discount rate remeasurement gain (loss)	(373)	364	(165)	274
Foreign currency translation adjustment	9	(6)	8	1
Funded status of employee benefit plans	(9)	6	(8)	(26)
Total other comprehensive income (loss), net of tax	1,687	(3,376)	794	(2,128)
Comprehensive income (loss)	1,159	(2,523)	2,382	(1,645)
Net Income (Loss) Available to Common Stockholders
Net income (loss)	(528)	853	1,588	483
Preferred stock dividends declared	(34)	(34)	(80)	(71)
Deferred units of LNC stock in our deferred compensation plans	0	0	3	(2)
Net income (loss) available to common stockholders	$ (562)	$ 819	$ 1,511	$ 410
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ (3.29)	$ 4.82	$ 8.85	$ 2.43
Diluted (in dollars per share)	(3.29)	4.79	8.75	2.40
Cash Dividends Declared Per Preferred Share (in dollars per share)	1,718.75	1,718.75	4,000	3,535.94
Cash Dividends Declared Per Common Share (in dollars per share)	0.45	0.45	1.35	1.35
Series C Preferred Stock
Net Income (Loss) Per Common Share
Cash Dividends Declared Per Preferred Share (in dollars per share)	1,156.25	1,156.25	2,312.5	1,792.19
Series D Preferred Stock
Net Income (Loss) Per Common Share
Cash Dividends Declared Per Preferred Share (in dollars per share)	$ 562.50	$ 562.50	$ 1,687.5	$ 1,743.75

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance as of beginning-of-period at Dec. 31, 2022		$ 986	$ 4,544	$ 5,924	$ (6,352)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation/issued for benefit plans			47
Net income (loss)	$ 483			483
Preferred stock dividends declared				(71)
Common stock dividends declared				(234)
Other comprehensive income (loss), net of tax	(2,128)				(2,128)
Balance as of end-of-period at Sep. 30, 2023	3,199	986	4,591	6,102	(8,480)
Balance as of beginning-of-period at Jun. 30, 2023		986	4,575	5,362	(5,104)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation/issued for benefit plans			16
Net income (loss)	853			853
Preferred stock dividends declared				(34)
Common stock dividends declared				(79)
Other comprehensive income (loss), net of tax	(3,376)				(3,376)
Balance as of end-of-period at Sep. 30, 2023	3,199	986	4,591	6,102	(8,480)
Balance as of beginning-of-period at Dec. 31, 2023	6,893	986	4,605	4,778	(3,476)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation/issued for benefit plans			55
Net income (loss)	1,588			1,588
Preferred stock dividends declared				(80)
Common stock dividends declared				(237)
Other comprehensive income (loss), net of tax	794				794
Balance as of end-of-period at Sep. 30, 2024	9,013	986	4,660	6,049	(2,682)
Balance as of beginning-of-period at Jun. 30, 2024		986	4,641	6,691	(4,369)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation/issued for benefit plans			19
Net income (loss)	(528)			(528)
Preferred stock dividends declared				(34)
Common stock dividends declared				(80)
Other comprehensive income (loss), net of tax	1,687				1,687
Balance as of end-of-period at Sep. 30, 2024	$ 9,013	$ 986	$ 4,660	$ 6,049	$ (2,682)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Net income (loss)	$ 1,588	$ 483
Adjustments to reconile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	201	3,066
Market risk benefit (gain) loss	(1,386)	(2,832)
Sales and maturities (purchases) of trading securities, net	225	703
Change in:
Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads	538	495
Accrued investment income	(63)	(77)
Insurance liabilities and reinsurance-related balances	(2,921)	(1,838)
Accrued expenses	82	(19)
Federal income tax accruals	334	(17)
Other	(827)	(170)
Net cash provided by (used in) operating activities	(2,229)	(206)
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities	(7,685)	(8,248)
Sales of available-for-sale securities and equity securities	1,404	2,838
Maturities of available-for-sale securities	6,312	4,086
Purchases of alternative investments	(897)	(426)
Sales and repayments of alternative investments	245	103
Issuance of mortgage loans on real estate	(3,098)	(1,377)
Repayment and maturities of mortgage loans on real estate	995	908
Repayment (issuance) of policy loans, net	(34)	(72)
Net change in collateral on investments, certain derivatives and related settlements	3,756	(205)
Cash received from disposition, net of cash transferred	619	0
Other	(79)	(227)
Net cash provided by (used in) investing activities	1,538	(2,620)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities	(100)	(500)
Issuance of long-term debt, net of issuance costs	346	0
Payment related to sale-leaseback transactions	(12)	(63)
Proceeds from certain financing arrangements	53	65
Payment related to certain financing arrangements	(103)	(35)
Deposits of fixed account balances	12,312	11,129
Withdrawals of fixed account balances	(8,974)	(7,759)
Transfers from (to) separate accounts, net	131	(519)
Common stock issued for benefit plans	(4)	(6)
Dividends paid to preferred stockholders	(80)	(71)
Dividends paid to common stockholders	(230)	(229)
Net cash provided by (used in) financing activities	3,339	2,012
Net increase (decrease) in cash, invested cash and restricted cash	2,648	(814)
Cash, invested cash and restricted cash as of beginning-of-year	3,365	3,343
Cash, invested cash and restricted cash as of end-of-period	$ 6,013	$ 2,529

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Nature of Operations Lincoln National Corporation and its subsidiaries (“LNC” or the “Company,” which also may be referred to as “we,” “our” or “us”) operate multiple insurance businesses through four business segments: Annuities, Life Insurance, Group Protection and Retirement Plan Services. In addition, we include financial data for operations that are not directly related to our business segments in Other Operations. The collective group of businesses uses “Lincoln Financial Group” as its marketing identity. Through our business segments, we sell a wide range of wealth accumulation, wealth protection, group protection and retirement income products and solutions. These products primarily include variable annuities, fixed annuities (including indexed), registered index-linked annuities (“RILA”), universal life insurance (“UL”), variable universal life insurance (“VUL”), linked-benefit UL and VUL, indexed universal life insurance (“IUL”), term life insurance, group life, disability and dental and employer-sponsored retirement plans and services. For more information on our segments and the products and solutions we provide, see Note 16 Basis of Presentation The accompanying unaudited consolidated financial statements are prepared in accordance with United States of America generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for the Securities and Exchange Commission (“SEC”) Quarterly Report on Form 10-Q, including Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The information contained in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”), should be read in connection with the reading of these interim unaudited consolidated financial statements. Certain GAAP policies, which significantly affect the determination of financial condition, results of operations and cash flows, are summarized in our 2023 Form 10-K. In the opinion of management, these statements include all normal recurring adjustments necessary for a fair presentation of the Company’s results. Interim results for the nine months ended September 30, 2024, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024. All material inter-company accounts and transactions have been eliminated in consolidation. Certain amounts reported in prior periods’ consolidated financial statements have been reclassified to conform to the presentation adopted in the current period. Effective in the third quarter of 2024, we collapsed the amortization of deferred gain (loss) on business sold through reinsurance line item, reclassifying the deferred gain amortization to other revenues and presenting the amortization of deferred loss within commissions and other expenses. For prior periods, the amortization of deferred gain (loss) on business sold through reinsurance is presented on a net basis within other revenues. We present disaggregated disclosures in the Notes below for long-duration insurance balances, applying the level of aggregation by reportable segment as follows: Reportable Segment Level of Aggregation Annuities Variable Annuities Fixed Annuities Payout Annuities Life Insurance Traditional Life UL and Other Group Protection Group Protection Retirement Plan Services Retirement Plan Services The variable annuities level of aggregation includes RILA products, which are indexed variable annuities. The fixed annuities level of aggregation represents deferred fixed annuities. We have excluded amounts reported in Other Operations from our disaggregated disclosures that are attributable to the indemnity reinsurance agreements with Protective Life Insurance Company (“Protective”) and Swiss Re Life & Health America, Inc (“Swiss Re”) as these contracts are fully reinsured, run-off institutional pension business in the form of group annuity and the results of certain disability income business. Sale of Wealth Management Business On May 6, 2024, we closed the previously announced sale of all of the ownership interests in the subsidiaries of the Company that comprise the Company’s wealth management business to Osaic Holdings, Inc., a Delaware corporation (“Osaic”), pursuant to the Stock Purchase Agreement entered into between LNC and Osaic on December 14, 2023 (the “Agreement”). Pursuant to the Agreement, the Company sold its ownership interests in the following subsidiaries: Lincoln Financial Securities Corporation, Lincoln Financial Advisors Corporation, California Fringe Benefit and Insurance Marketing Corporation, LFA, Limited Liability Company and LFA Management Corporation (collectively, the “Wealth Management Business”). We received $723 million in cash, inclusive of a post-closing adjustment during the third quarter of 2024, and recognized a $545 million pre-tax realized gain for the nine months ended September 30, 2024, net of transaction expenses. Transaction expenses for the three and nine months ended September 30, 2024, of $2 million and $37 million, respectively, were reported in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). The sale provided approximately $650 million of statutory capital benefit. For more information, see Note 17

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	New Accounting Standards Adoption of New Accounting Standards In the current period, we did not adopt any new Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board that were material in presentation or amount. Future Adoption of New Accounting Standards The following table provides a description of future adoptions of new ASUs that may have an impact on our consolidated financial statements when adopted. ASUs not listed below were assessed and determined to be either not applicable or insignificant in presentation or amount. Standard Description Effective Date Effect on Financial Statements or Other Significant Matters ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU aims to enhance reportable segment disclosure requirements. It requires that a public entity disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), disclose and describe other segment items and report additional measures of a segment’s profit or loss if used by the CODM. January 1, 2024 (Annual Filings) and January 1, 2025 (Quarterly Filings) We are evaluating the impact of this ASU to our consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures This ASU establishes new income tax disclosure requirements, along with adjusting certain existing requirements. It specifically requires expanded and disaggregated disclosures around the tax rate reconciliation. January 1, 2025 We are evaluating the impact of this ASU to our consolidated financial statements.

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Investments [Abstract]
Investments	Investments Fixed Maturity AFS Securities The amortized cost, gross unrealized gains and losses, allowance for credit losses and fair value of fixed maturity available-for-sale (“AFS”) securities (in millions) were as follows: As of September 30, 2024 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 76,437 $ 1,035 $ 7,221 $ 17 $ 70,234 U.S. government bonds 416 7 25 – 398 State and municipal bonds 2,848 52 333 – 2,567 Foreign government bonds 283 16 47 – 252 RMBS 2,009 36 156 7 1,882 CMBS 1,766 12 135 – 1,643 ABS 13,681 126 340 23 13,444 Hybrid and redeemable preferred securities 248 27 12 1 262 Total fixed maturity AFS securities $ 97,688 $ 1,311 $ 8,269 $ 48 $ 90,682 As of December 31, 2023 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 77,085 $ 852 $ 8,272 $ 8 $ 69,657 U.S. government bonds 416 6 29 – 393 State and municipal bonds 3,106 101 417 – 2,790 Foreign government bonds 314 16 47 – 283 RMBS 1,948 28 197 6 1,773 CMBS 1,622 5 203 – 1,424 ABS 12,698 62 585 4 12,171 Hybrid and redeemable preferred securities 244 21 17 1 247 Total fixed maturity AFS securities $ 97,433 $ 1,091 $ 9,767 $ 19 $ 88,738 The amortized cost and fair value of fixed maturity AFS securities by contractual maturities (in millions) as of September 30, 2024, were as follows: Amortized Cost Fair Value Due in one year or less $ 4,724 $ 4,697 Due after one year through five years 17,756 17,435 Due after five years through ten years 13,742 13,028 Due after ten years 44,010 38,553 Subtotal 80,232 73,713 Structured securities (RMBS, CMBS, ABS) 17,456 16,969 Total fixed maturity AFS securities $ 97,688 $ 90,682 Actual maturities may differ from contractual maturities because issuers may have the right to call or pre-pay obligations. The fair value and gross unrealized losses of fixed maturity AFS securities (dollars in millions) for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: As of September 30, 2024 Less Than or Equal Greater Than Twelve Months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 26,120 $ 3,992 $ 26,231 $ 3,229 $ 52,351 $ 7,221 U.S. government bonds 38 2 223 23 261 25 State and municipal bonds 985 192 709 141 1,694 333 Foreign government bonds 49 18 100 29 149 47 RMBS 472 57 764 99 1,236 156 CMBS 731 66 515 69 1,246 135 ABS 2,871 119 3,898 221 6,769 340 Hybrid and redeemable preferred securities 18 3 89 9 107 12 Total fixed maturity AFS securities $ 31,284 $ 4,449 $ 32,529 $ 3,820 $ 63,813 $ 8,269 Total number of fixed maturity AFS securities in an unrealized loss position 6,458 As of December 31, 2023 Less Than or Equal Greater Than Twelve Months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 14,005 $ 3,270 $ 34,595 $ 5,002 $ 48,600 $ 8,272 U.S. government bonds 65 6 195 23 260 29 State and municipal bonds 371 72 874 345 1,245 417 Foreign government bonds 111 31 57 16 168 47 RMBS 360 20 886 177 1,246 197 CMBS 583 56 589 147 1,172 203 ABS 1,900 68 7,217 517 9,117 585 Hybrid and redeemable preferred securities 32 3 95 14 127 17 Total fixed maturity AFS securities $ 17,427 $ 3,526 $ 44,508 $ 6,241 $ 61,935 $ 9,767 Total number of fixed maturity AFS securities in an unrealized loss position 7,605 (1) As of September 30, 2024, and December 31, 2023, we recognized $15 million and $8 million of gross unrealized losses, respectively, in other comprehensive income (loss) (“OCI”) for fixed maturity AFS securities for which an allowance for credit losses has been recorded. The fair value, gross unrealized losses (in millions) and number of fixed maturity AFS securities where the fair value had declined and remained below amortized cost by greater than 20% were as follows: As of September 30, 2024 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 700 $ 254 294 Six months or greater, but less than nine months 80 35 42 Nine months or greater, but less than twelve months 1,658 639 367 Twelve months or greater 3,300 1,285 597 Total $ 5,738 $ 2,213 1,300 As of December 31, 2023 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 2,492 $ 927 533 Six months or greater, but less than nine months 343 96 79 Nine months or greater, but less than twelve months 336 109 90 Twelve months or greater 4,094 2,922 997 Total $ 7,265 $ 4,054 1,699 (1) We may reflect a security in more than one aging category based on various purchase dates. Our gross unrealized losses on fixed maturity AFS securities decreased by $1.5 billion for the nine months ended September 30, 2024. As discussed further below, we do not believe the unrealized loss position as of September 30, 2024, required an impairment recognized in earnings as: (i) we did not intend to sell these fixed maturity AFS securities; (ii) it is not more likely than not that we will be required to sell the fixed maturity AFS securities before recovery of their amortized cost basis; and (iii) the difference in the fair value compared to the amortized cost was due to factors other than credit loss. Based upon this evaluation as of September 30, 2024, management believes we have the ability to generate adequate amounts of cash from our normal operations (e.g., insurance premiums, fee income and investment income) to meet cash requirements with a prudent margin of safety without requiring the sale of our impaired securities. As of September 30, 2024, the unrealized losses associated with our corporate bond, U.S. government bond, state and municipal bond and foreign government bond securities were attributable primarily to rising interest rates and widening credit spreads since purchase. We performed a detailed analysis of the financial performance of the underlying issuers and determined that we expected to recover the entire amortized cost of each impaired security. Credit ratings express opinions about the credit quality of a security. Securities rated investment grade (those rated BBB- or higher by S&P Global Ratings (“S&P”) or Baa3 or higher by Moody’s Investors Service (“Moody’s”)) are generally considered by the rating agencies and market participants to be low credit risk. As of September 30, 2024, and December 31, 2023, 96% of the fair value of our corporate bond portfolio was rated investment grade. As of September 30, 2024, and December 31, 2023, the portion of our corporate bond portfolio rated below investment grade had an amortized cost of $3.0 billion, and a fair value of $2.9 billion and $2.8 billion, respectively. Based upon the analysis discussed above, we believe that as of September 30, 2024, and December 31, 2023, we would have recovered the amortized cost of each corporate bond. As of September 30, 2024, the unrealized losses associated with our mortgage-backed securities (“MBS”) and asset-backed securities (“ABS”) were attributable primarily to rising interest rates and widening credit spreads since purchase. We assessed for credit impairment using a cash flow model that incorporates key assumptions including default rates, severities and prepayment rates. We estimated losses for a security by forecasting the underlying loans in each transaction. The forecasted loan performance was used to project cash flows to the various tranches in the structure, as applicable. Our forecasted cash flows also considered, as applicable, independent industry analyst reports and forecasts and other independent market data. Based upon our assessment of the expected credit losses of the security given the performance of the underlying collateral compared to our subordination or other credit enhancement, we expected to recover the entire amortized cost of each impaired security. As of September 30, 2024, the unrealized losses associated with our hybrid and redeemable preferred securities were attributable primarily to wider credit spreads caused by illiquidity in the market and subordination within the capital structure, as well as credit risk of underlying issuers. For our hybrid and redeemable preferred securities, we evaluated the financial performance of the underlying issuers based upon credit performance and investment ratings and determined that we expected to recover the entire amortized cost of each impaired security. Credit Loss Impairment on Fixed Maturity AFS Securities We regularly review our fixed maturity AFS securities for declines in fair value that we determine to be impairment-related, including those attributable to credit risk factors that may require an allowance for credit losses. Changes in the allowance for credit losses on fixed maturity AFS securities (in millions), aggregated by investment category, were as follows: For the Three Months Ended September 30, 2024 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 13 $ 6 $ 19 $ 1 $ 39 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 6 – 1 – 7 Additions (reductions) for securities for which credit losses were previously recognized 4 1 3 – 8 Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 17 $ 7 $ 23 $ 1 $ 48 For the Nine Months Ended September 30, 2024 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-year $ 8 $ 6 $ 4 $ 1 $ 19 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 8 – 15 – 23 Additions (reductions) for securities for which credit losses were previously recognized 12 1 4 – 17 Reductions for disposed securities – – – – – Reductions for securities charged-off (11) – – – (11) Balance as of end-of-period (2) $ 17 $ 7 $ 23 $ 1 $ 48 For the Three Months Ended September 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 13 $ 6 $ 5 $ 1 $ 25 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 1 – – – 1 Additions (reductions) for securities for which credit losses were previously recognized – – – – – Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 9 $ 6 $ 5 $ 1 $ 21 For the Nine Months Ended September 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-year $ 9 $ 7 $ 5 $ 1 $ 22 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were . not previously recognized 21 – – – 21 Additions (reductions) for securities for which credit losses were previously recognized (2) (1) – – (3) Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (18) – – – (18) Balance as of end-of-period (2) $ 9 $ 6 $ 5 $ 1 $ 21 (1) Represents purchased credit-deteriorated (“PCD”) fixed maturity AFS securities. (2) As of September 30, 2024 and 2023, accrued investment income on fixed maturity AFS securities totaled $927 million and $1.2 billion, respectively, and was excluded from the estimate of credit losses. Losses from debt instrument modifications were less than $1 million for the three months ended September 30, 2024 and 2023, and $3 million and less than $1 million for the nine months ended September 30, 2024 and 2023, respectively, reported in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). Mortgage Loans on Real Estate The following provides the current and past due composition of our mortgage loans on real estate (in millions): As of September 30, 2024 As of December 31, 2023 Commercial Residential Total Commercial Residential Total Current $ 17,684 $ 3,064 $ 20,748 $ 17,256 $ 1,665 $ 18,921 30 to 59 days past due 85 34 119 61 28 89 60 to 89 days past due – 20 20 – 9 9 90 or more days past due 55 60 115 – 60 60 Allowance for credit losses (123) (47) (170) (86) (28) (114) Unamortized premium (discount) (16) 73 57 (7) 43 36 Mark-to-market gains (losses) (1) (33) – (33) (37) (1) (38) Total carrying value $ 17,652 $ 3,204 $ 20,856 $ 17,187 $ 1,776 $ 18,963 (1) Represents the mark-to-market on certain mortgage loans on real estate that support our modified coinsurance agreements where the investment results are passed directly to the reinsurers, and for which we have elected the fair value option. As of September 30, 2024, the amortized cost and fair value of such mortgage loans on real estate that were in nonaccrual status was $30 million and $21 million, respectively. As of December 31, 2023, the amortized cost and fair value of such mortgage loans on real estate that were in nonaccrual status was less than $1 million. As of September 30, 2024 and December 31, 2023, there were no such mortgage loans on real estate that were more than 90 days past due and still accruing interest. See Note 13 The amortized cost of mortgage loans on real estate on nonaccrual status (in millions) was as follows, excluding certain mortgage loans on real estate that support our modified coinsurance agreements where the investment results are passed directly to the reinsurers: As of September 30, 2024 As of December 31, 2023 Commercial mortgage loans on real estate $ 16 $ – Residential mortgage loans on real estate 62 62 Total $ 78 $ 62 We use loan-to-value (“LTV”) and debt-service coverage ratios as credit quality indicators for our commercial mortgage loans on real estate. The amortized cost of commercial mortgage loans on real estate (dollars in millions) by year of origination and credit quality indicator was as follows: As of September 30, 2024 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2024 $ 1,197 1.64 $ 58 1.30 $ – – $ 1,255 2023 1,378 1.75 45 1.36 – – 1,423 2022 1,731 2.05 95 1.55 5 1.31 1,831 2021 2,307 3.08 47 1.52 – – 2,354 2020 1,177 3.16 4 1.53 – – 1,181 2019 and prior 9,629 2.35 127 1.58 8 1.30 9,764 Total $ 17,419 $ 376 $ 13 $ 17,808 As of December 31, 2023 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2023 $ 1,368 1.90 $ 54 1.38 $ – – $ 1,422 2022 1,710 2.06 140 1.54 – – 1,850 2021 2,335 3.34 61 1.55 – – 2,396 2020 1,214 3.24 11 1.38 – – 1,225 2019 2,446 2.40 80 1.56 10 2.33 2,536 2018 and prior 7,789 2.39 78 1.60 14 0.87 7,881 Total $ 16,862 $ 424 $ 24 $ 17,310 We use loan performance status as the primary credit quality indicator for our residential mortgage loans on real estate. The amortized cost of residential mortgage loans on real estate (in millions) by year of origination and credit quality indicator was as follows: As of September 30, 2024 Performing Nonperforming Total Origination Year 2024 $ 1,260 $ – $ 1,260 2023 790 7 797 2022 498 26 524 2021 435 13 448 2020 70 2 72 2019 and prior 136 14 150 Total $ 3,189 $ 62 $ 3,251 As of December 31, 2023 Performing Nonperforming Total Origination Year 2023 $ 515 $ 2 $ 517 2022 533 22 555 2021 465 18 483 2020 78 3 81 2019 99 13 112 2018 and prior 53 4 57 Total $ 1,743 $ 62 $ 1,805 Credit Losses on Mortgage Loans on Real Estate In connection with our recognition of an allowance for credit losses for mortgage loans on real estate, we perform a quantitative analysis using a probability of default/loss given default/exposure at default approach to estimate expected credit losses in our mortgage loan portfolio as well as unfunded commitments related to commercial mortgage loans, exclusive of certain mortgage loans held at fair value. Changes in the allowance for credit losses on mortgage loans on real estate (in millions) were as follows: For the Three Months Ended Commercial Residential Total Balance as of beginning-of-period $ 93 $ 40 $ 133 Additions (reductions) from provision for credit loss expense (1) 40 7 47 Additions from purchases of PCD mortgage loans on real estate – – – Reductions for mortgage loans on real estate charged-off (10) – (10) Balance as of end-of-period (2) $ 123 $ 47 $ 170 For the Nine Months Ended Commercial Residential Total Balance as of beginning-of-year $ 86 $ 28 $ 114 Additions (reductions) from provision for credit loss expense (1) 47 19 66 Additions from purchases of PCD mortgage loans on real estate – – – Reductions for mortgage loans on real estate charged-off (10) – (10) Balance as of end-of-period (2) $ 123 $ 47 $ 170 For the Three Months Ended Commercial Residential Total Balance as of beginning-of-period $ 82 $ 23 $ 105 Additions (reductions) from provision for credit loss expense (1) 7 1 8 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 89 $ 24 $ 113 For the Nine Months Ended Commercial Residential Total Balance as of beginning-of-year $ 84 $ 15 $ 99 Additions (reductions) from provision for credit loss expense (1) 5 9 14 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 89 $ 24 $ 113 (1) We recognized less than $1 million and $(1) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the three months ended September 30, 2024 and 2023, respectively, and $1 million and $(2) million for the nine months ended September 30, 2024 and 2023, respectively. (2) Accrued investment income on mortgage loans on real estate totaled $89 million and $54 million as of September 30, 2024 and 2023, respectively, and was excluded from the estimate of credit losses. Alternative Investments As of September 30, 2024, and December 31, 2023, alternative investments included investments in 361 and 352 different partnerships, respectively, and represented approximately 3% of total investments. Impairments on Fixed Maturity AFS Securities Details underlying intent to sell impairments and credit loss benefit (expense) incurred as a result of impairments that were recognized in net income (loss) and included in realized gain (loss) on fixed maturity AFS securities (in millions) were as follows: For the Three For the Nine 2024 2023 2024 2023 Intent to Sell Impairments (1) Fixed maturity AFS securities: Corporate bonds $ – $ (422) $ – $ (941) State and municipal bonds – (28) – (48) RMBS – (9) – (28) CMBS – (5) – (36) ABS – (2) – (37) Hybrid and redeemable preferred securities – (1) – (1) Total intent to sell impairments $ – $ (467) $ – $ (1,091) Credit Loss Benefit (Expense) Fixed maturity AFS securities: Corporate bonds $ (9) $ (1) $ (20) $ (18) RMBS (1) – (1) 1 ABS (4) – (19) – Total credit loss benefit (expense) $ (14) $ (1) $ (40) $ (17) (1) The three and nine months ended September 30, 2023, include impairments of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company's intent to sell these securities as part of the fourth quarter 2023 reinsurance transaction. Payables for Collateral on Investments The carrying value of the payables for collateral on investments included on the Consolidated Balance Sheets and the fair value of the related investments or collateral (in millions) consisted of the following: As of September 30, 2024 As of December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Collateral payable for derivative investments (1) $ 7,185 $ 7,185 $ 5,250 $ 5,250 Securities pledged under securities lending agreements (2) 185 178 205 197 Investments pledged for FHLBI (3) 3,200 4,548 2,650 3,603 Total payables for collateral on investments $ 10,570 $ 11,911 $ 8,105 $ 9,050 (1) We obtain collateral based upon contractual provisions with our counterparties. These agreements take into consideration the counterparties’ credit rating as compared to ours, the fair value of the derivative investments and specified thresholds that if exceeded result in the receipt of cash that is typically invested in cash and invested cash or fixed maturity AFS securities. This also includes interest payable on collateral. See Note 5 (2) Our pledged securities under securities lending agreements are included in fixed maturity AFS securities on the Consolidated Balance Sheets. We generally obtain collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. We value collateral daily and obtain additional collateral when deemed appropriate. The cash received in our securities lending program is typically invested in cash and invested cash or fixed maturity AFS securities. (3) Our pledged investments for Federal Home Loan Bank (“FHLB”) of Indianapolis (“FHLBI”) are included in fixed maturity AFS securities and mortgage loans on real estate on the Consolidated Balance Sheets. The collateral requirements are generally 105% to 115% of the fair value for fixed maturity AFS securities and 155% to 175% of the fair value for mortgage loans on real estate. The cash received in these transactions is primarily invested in cash and invested cash or fixed maturity AFS securities. We have repurchase agreements through which we can obtain liquidity by pledging securities. The collateral requirements are generally 80% to 95% of the fair value of the securities, and our agreements with third parties contain contractual provisions to allow for additional collateral to be obtained when necessary. The cash received in our repurchase program is typically invested in fixed maturity AFS securities. As of September 30, 2024, and December 31, 2023, we were not participating in any open repurchase agreements. Increase (decrease) in payables for collateral on investments (in millions) consisted of the following: For the Nine 2024 2023 Collateral payable for derivative investments $ 1,935 $ 1,552 Securities pledged under securities lending agreements (20) (8) Investments pledged for FHLBI 550 (210) Total increase (decrease) in payables for collateral on investments $ 2,465 $ 1,334 We have elected not to offset our securities lending transactions in the consolidated financial statements. The remaining contractual maturities of securities lending transactions accounted for as secured borrowings (in millions) were as follows: As of September 30, 2024 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 168 $ – $ – $ – $ 168 Equity securities 17 – – – 17 Total gross secured borrowings $ 185 $ – $ – $ – $ 185 As of December 31, 2023 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 202 $ – $ – $ – $ 202 Equity securities 3 – – – 3 Total gross secured borrowings $ 205 $ – $ – $ – $ 205 We accept collateral in the form of securities in connection with repurchase agreements. In instances where we are permitted to sell or re-pledge the securities received, we report the fair value of the collateral received and a related obligation to return the collateral in the consolidated financial statements. In addition, we receive securities in connection with securities borrowing agreements that we are permitted to sell or re-pledge. As of September 30, 2024, the fair value of this collateral received that we are permitted to sell or re-pledge was $25 million, and we had not re-pledged any of this collateral to cover our collateral requirements. We also accept collateral from derivative counterparties in the form of securities that we are permitted to sell or re-pledge. As of September 30, 2024, the fair value of this collateral received that we are permitted to sell or re-pledge was $2.3 billion, and we had re-pledged $11 million of this collateral to cover our collateral requirements. We have also pledged fixed maturity AFS securities to derivative counterparties with a fair value of $19 million as of September 30, 2024. Investment Commitments As of September 30, 2024, our investment commitments were $5.0 billion, which included $3.2 billion of limited partnerships (“LPs”), $1.5 billion of mortgage loans on real estate and $287 million of private placement securities. Concentrations of Financial Instruments As of September 30, 2024, and December 31, 2023, our most significant investments in one issuer were our investments in securities issued by the Federal National Mortgage Association with a fair value of $854 million and $739 million, respectively, or 1% of total investments, and our investments in securities issued by the Federal Home Loan Mortgage Corporation with a fair value of $573 million and $570 million, respectively, or less than 1% and 1%, respectively, of total investments. These concentrations include fixed maturity AFS, trading and equity securities.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2024
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities Consolidated VIEs Asset information (dollars in millions) for the consolidated variable interest entities (“VIEs”) included on the Consolidated Balance Sheets was as follows: As of September 30, 2024 As of December 31, 2023 Number of Instruments Notional Amounts Carrying Value Number of Instruments Notional Amounts Carrying Value Assets Total return swap 1 $ 527 $ – 1 $ 544 $ – There were no gains or losses for consolidated VIEs recognized on the Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024 and 2023. Unconsolidated VIEs Structured Securities Through our investment activities, we make passive investments in structured securities issued by VIEs for which we are not the manager. These structured securities include our ABS, residential mortgage-backed securities (“RMBS”) and commercial mortgage-backed securities (“CMBS”). We have not provided financial or other support with respect to these VIEs other than our original investment. We have determined that we are not the primary beneficiary of these VIEs due to the relative size of our investment in comparison to the principal amount of the structured securities issued by the VIEs and the level of credit subordination that reduces our obligation to absorb losses or right to receive benefits. Our maximum exposure to loss on these structured securities is limited to the amortized cost for these investments. We recognize our variable interest in these VIEs at fair value on the Consolidated Balance Sheets. For information about these structured securities, see Note 3 Limited Partnerships and Limited Liability Companies We invest in certain LPs and

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments We maintain an overall risk management strategy that incorporates the use of derivative instruments to minimize significant unplanned fluctuations in earnings that are caused by interest rate risk, foreign currency exchange risk, equity market risk, basis risk, commodity risk and credit risk. We assess these risks by continually identifying and monitoring changes in our exposures that may adversely affect expected future cash flows and by evaluating hedging opportunities. Derivative activities are monitored by various management committees. The committees are responsible for overseeing the implementation of various hedging strategies that are developed through the analysis of financial simulation models and other internal and industry sources. The resulting hedging strategies are incorporated into our overall risk management strategies. See Note 13 Interest Rate Contracts We use derivative instruments as part of our interest rate risk management strategy. These instruments are economic hedges unless otherwise noted and include: Forward-Starting Interest Rate Swaps We use forward-starting interest rate swaps to hedge the interest rate exposure within our annuity and life insurance products. Interest Rate Cap Corridors We use interest rate cap corridors to provide a level of protection from the effect of rising interest rates for certain annuity contracts and life insurance products. Interest rate cap corridors involve purchasing an interest rate cap at a specific cap rate and selling an interest rate cap with a higher cap rate. For each corridor, the amount of quarterly payments, if any, is determined by the rate at which the underlying index rate resets above the original capped rate. The corridor limits the benefit the purchaser can receive as the related interest rate index rises above the higher capped rate. There is no additional liability to us other than the purchase price associated with the interest rate cap corridor. Interest Rate Futures We use interest rate futures contracts to hedge the liability exposure on certain options in variable annuity and RILA products. These futures contracts require payment between our counterparty and us on a daily basis for changes in the futures index price. Interest Rate Swap Agreements We use interest rate swap agreements to hedge the liability exposure on certain options in variable annuity products. We also use interest rate swap agreements designated and qualifying as cash flow hedges to hedge the interest rate risk of floating-rate bond coupon payments on certain variable-rate long-term debt and other variable-rate bonds held by replicating a fixed-rate bond. Finally, we use interest rate swap agreements designated and qualifying as fair value hedges to hedge against changes in the fair value of certain fixed-rate long-term debt and fixed maturity securities due to interest rate risks. Bond Forwards and Treasury and Reverse Treasury Locks We use treasury locks designated and qualifying as cash flow hedges to hedge the interest rate exposure related to our issuance of fixed-rate securities or the anticipated future cash flows of floating-rate fixed maturity securities due to changes in interest rates. In addition, we use bond forwards and reverse treasury locks designated and qualifying as cash flow hedges to hedge the interest rate exposure related to the anticipated purchase of fixed-rate securities or the anticipated future cash flows of floating-rate fixed maturity securities due to changes in interest rates. These derivatives are primarily structured to hedge interest rate risk inherent in the assumptions used to price certain liabilities. Foreign Currency Contracts We use derivative instruments as part of our foreign currency risk management strategy. These instruments are economic hedges unless otherwise noted and include: Currency Futures We use currency futures to hedge foreign exchange risk associated with certain options in variable annuity products. Currency futures exchange one currency for another at a specified date in the future at a specified exchange rate. Foreign Currency Swaps We use foreign currency swaps to hedge foreign exchange risk of investments in fixed maturity securities denominated in foreign currencies. A foreign currency swap is a contractual agreement to exchange one currency for another at specified dates in the future at a specified exchange rate. We also use foreign currency swaps designated and qualifying as cash flow and fair value hedges to hedge foreign exchange risk of investments in fixed maturity securities denominated in foreign currencies. Foreign Currency Forwards We use foreign currency forwards to hedge foreign exchange risk of investments in fixed maturity securities denominated in foreign currencies. A foreign currency forward is a contractual agreement to exchange one currency for another at specified dates in the future at a specified current exchange rate. Equity Market Contracts We use derivative instruments as part of our equity market risk management strategy that are economic hedges and include: Call Options Based on the S&P 500 ® Index and Other Indices We use call options to hedge the liability exposure on certain options in variable annuity, RILA, fixed indexed annuity, IUL and VUL products. Our RILA, fixed indexed annuity and IUL contracts permit the holder to elect an interest rate return or an equity market component, where interest credited to the contracts is linked to the performance of the S&P 500 Index or other indices. Policyholders may elect to rebalance index options at renewal dates. At the end of each indexed term, which can be up to six years, we have the opportunity to re-price the indexed component by establishing participation rates, caps, spreads and specified rates, subject to contractual guarantees. We use call options that are highly correlated to the portfolio allocation decisions of our policyholders, such that we are economically hedged with respect to equity returns for the current reset period. Consumer Price Index Swaps We use consumer price index swaps to hedge the liability exposure on certain options in fixed annuity products. Consumer price index swaps are contracts entered into at no cost and whose payoff is the difference between the consumer price index inflation rate and the fixed-rate determined as of inception. Equity Futures We use equity futures contracts to hedge the liability exposure on certain options in variable annuity and RILA products. These futures contracts require payment between our counterparty and us on a daily basis for changes in the futures index price. Put Options We use put options to hedge the liability exposure on certain options in variable annuity, RILA and VUL products. Put options are contracts that require the buyers to pay at a specified future date the amount, if any, by which a specified equity index is less than the strike rate stated in the agreement, applied to a notional amount. Total Return Swaps We use total return swaps to hedge the liability exposure on certain options in variable annuity, RILA and VUL products. In addition, we use total return swaps to hedge a portion of the liability related to our deferred compensation plans. We receive the total return on a portfolio of indexes and pay a floating-rate of interest. Commodity Contracts We use commodity contracts to economically hedge certain investments that are closely tied to the changes in commodity values. The commodity contract is an over-the-counter contract that combines a purchase put/sold call to lock in a commodity price within a predetermined range in exchange for a net premium. Credit Contracts We use derivative instruments as part of our credit risk management strategy that are economic hedges and include: Credit Default Swaps – Buying Protection We use credit default swaps (“CDSs”) to hedge the liability exposure on certain options in variable annuity products. We buy CDSs to hedge against a drop in bond prices due to credit concerns of certain bond issuers. A CDS allows us to put the bond back to the counterparty at par upon a default event by the bond issuer. A default event is defined as bankruptcy, failure to pay, obligation acceleration or restructuring. CDSs – Selling Protection We use CDSs to hedge the liability exposure on certain options in variable annuity products. We sell CDSs to offer credit protection to policyholders and investors. The CDSs hedge the policyholders and investors against a drop in bond prices due to credit concerns of certain bond issuers. A CDS allows the investor to put the bond back to us at par upon a default event by the bond issuer. A default event is defined as bankruptcy, failure to pay, obligation acceleration or restructuring. Embedded Derivatives We have embedded derivatives that include: RILA, Fixed Indexed Annuity and IUL Contracts Embedded Derivatives Our RILA, fixed indexed annuity and IUL contracts permit the holder to elect an interest rate return or an equity market component, where interest credited to the contracts is linked to the performance of the S&P 500® Index or other indices. Policyholders may elect to rebalance index options at renewal dates. At the end of each indexed term, which can be up to six years, we have the opportunity to re-price the indexed component by establishing participation rates, caps, spreads and specified rates, subject to contractual guarantees. We use options that are highly correlated to the portfolio allocation decisions of our policyholders, such that we are economically hedged with respect to equity returns for the current reset period. Reinsurance-Related Embedded Derivatives We have certain modified coinsurance and coinsurance with funds withheld reinsurance agreements with embedded derivatives related to the withheld assets of the related funds. These derivatives are considered total return swaps with contractual returns that are attributable to various assets and liabilities associated with these reinsurance agreements. Primary Risks Managed by Derivatives We have derivative instruments with off-balance-sheet risks whose notional or contract amounts exceed the related credit exposure. Outstanding derivative instruments with off-balance-sheet risks (in millions) were as follows: As of September 30, 2024 As of December 31, 2023 Notional Amounts Fair Value Notional Amounts Fair Value Asset Liability Asset Liability Qualifying Hedges Cash flow hedges: Interest rate contracts (1) $ 1,345 $ 106 $ 5 $ 1,698 $ 181 $ 47 Foreign currency contracts (1) 4,830 432 83 4,662 423 78 Total cash flow hedges 6,175 538 88 6,360 604 125 Fair value hedges: Interest rate contracts (1) 1,066 1 50 1,081 1 39 Foreign currency contracts (1) 25 – 1 25 – 1 Total fair value hedges 1,091 1 51 1,106 1 40 Non-Qualifying Hedges Interest rate contracts (1) 68,999 54 230 90,829 636 979 Foreign currency contracts (1) 345 11 6 306 11 6 Equity market contracts (1) 250,790 15,539 6,332 225,626 10,244 4,227 Credit contracts (1) 112 – – 91 – – Embedded derivatives: Reinsurance-related (2) – – 668 – – 552 RILA, fixed indexed annuity and IUL contracts (3) – 1,132 12,270 – 940 9,077 Total derivative instruments $ 327,512 $ 17,275 $ 19,645 $ 324,318 $ 12,436 $ 15,006 (1) These asset and liability balances are presented on a gross basis. Amounts are reported in derivative investments and other liabilities on the Consolidated Balance Sheets after the evaluation for right of offset subject to master netting agreements. (2) Reported in funds withheld reinsurance liabilities on the Consolidated Balance Sheets. (3) Reported in policyholder account balances and deposit assets on the Consolidated Balance Sheets. The maturity of the notional amounts of derivative instruments (in millions) was as follows: Remaining Life as of September 30, 2024 Less Than 1 - 5 6 - 10 11 - 30 Over 30 Total Interest rate contracts (1) $ 6,473 $ 18,712 $ 23,280 $ 22,347 $ 598 $ 71,410 Foreign currency contracts (2) 226 1,137 1,892 1,903 42 5,200 Equity market contracts 209,875 29,579 9,210 8 2,118 250,790 Credit contracts – 112 – – – 112 Total derivative instruments with notional amounts $ 216,574 $ 49,540 $ 34,382 $ 24,258 $ 2,758 $ 327,512 (1) As of September 30, 2024, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was April 20, 2067. (2) As of September 30, 2024, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was June 16, 2061. The following amounts (in millions) were recorded on the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges: Amortized Cost of the Hedged Assets / (Liabilities) Cumulative Fair Value Hedging Adjustment Included in the Amortized Cost of the Hedged Assets / (Liabilities) As of As of December 31, 2023 As of As of December 31, 2023 Line Item in the Consolidated Balance Sheets in which the Hedged Item is Included Fixed maturity AFS securities, at fair value $ 521 $ 534 $ 42 $ 39 Long-term debt (1) (714) (703) 161 172 (1) Includes $(314) million and $(326) million of unamortized adjustments from discontinued hedges as of September 30, 2024, and December 31, 2023, respectively. The change in our unrealized gain (loss) on derivative instruments within accumulated other comprehensive income (loss) (“AOCI”) (in millions) was as follows: For the Nine 2024 2023 Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 375 $ 388 Other comprehensive income (loss): Unrealized holding gains (losses) arising during the period: Cash flow hedges: Interest rate contracts 138 323 Foreign currency contracts 167 (92) Change in foreign currency exchange rate adjustment (121) 30 Income tax benefit (expense) (39) (55) Less: Reclassification adjustment for gains (losses) included in net income (loss): Cash flow hedges: Interest rate contracts (1) (2) – Interest rate contracts (2) 20 22 Foreign currency contracts (1) 41 42 Foreign currency contracts (3) 1 4 Income tax benefit (expense) (13) (14) Balance as of end-of-period $ 473 $ 540 (1) The OCI offset is reported within net investment income on the Consolidated Statements of Comprehensive Income (Loss). (2) The OCI offset is reported within interest and debt expense on the Consolidated Statements of Comprehensive Income (Loss). (3) The OCI offset is reported within realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The effects of qualifying and non-qualifying hedges (in millions) on the Consolidated Statements of Comprehensive Income (Loss) were as follows: Gain (Loss) Recognized in Income 2024 2023 Realized Gain (Loss) Net Investment Income Interest and Debt Expense Realized Gain (Loss) Net Investment Income Interest and Debt Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ (431) $ 1,411 $ 86 $ (453) $ 1,494 $ 84 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – 27 (34) – (41) 46 Derivatives designated as hedging instruments – (27) 34 – 41 (46) Foreign currency contracts: Hedged items – 1 – – – – Derivatives designated as hedging instruments – (1) – – – – Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income – (1) 5 – – 8 Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 2 12 – 2 14 – Non-Qualifying Hedges Interest rate contracts 370 – – (604) – – Foreign currency contracts (1) – – – – – Equity market contracts 1,108 – – 163 – – Commodity contracts – – – (1) – – Embedded derivatives: Reinsurance-related (513) – – 24 – – RILA, fixed indexed annuity and IUL contracts (707) – – 572 – – Gain (Loss) Recognized in Income 2024 2023 Realized Gain (Loss) Net Investment Income Interest and Debt Expense Realized Gain (Loss) Net Investment Income Interest and Debt Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ (201) $ 4,090 $ 253 $ (3,066) $ 4,468 $ 250 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – 3 (11) – (44) 41 Derivatives designated as hedging instruments – (3) 11 – 44 (41) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income – (2) 20 – – 22 Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 1 41 – 4 42 – Non-Qualifying Hedges Interest rate contracts 93 – – (593) – – Foreign currency contracts (1) – – (2) – – Equity market contracts 4,060 – – 913 – – Commodity contracts – – – 10 – – Credit contracts – – – (2) – – Embedded derivatives: Reinsurance-related (116) – – (23) – – RILA, fixed indexed annuity and IUL contracts (2,677) – – (1,706) – – As of September 30, 2024, $77 million of the deferred net gains (losses) on derivative instruments in AOCI were expected to be reclassified to earnings during the next 12 months. This reclassification would be due primarily to interest rate variances related to our interest rate swap agreements. For the nine months ended September 30, 2024 and 2023, there were no material reclassifications to earnings due to hedged firm commitments no longer deemed probable or due to hedged forecasted transactions that had not occurred by the end of the originally specified time period. Information related to our CDSs for which we are the seller (dollars in millions) was as follows: As of September 30, 2024 Credit Contract Type Maturity Reason for Entering Name of Recourse Credit Rating of Underlying Obligation (1) Number of Instruments Fair Value (2) Maximum Potential Payout Basket CDSs 6/20/2029 (3) (4) BBB+ 2 $ 3 $ 112 (1) Represents average credit ratings based on the midpoint of the applicable ratings among Moody’s, S&P and Fitch Ratings, as scaled to the corresponding S&P ratings. (2) Third-party valuation specialists are used to determine the market value of our CDSs. (3) CDSs were entered into in order to hedge the liability exposure on certain variable annuity products. (4) Sellers do not have the right to demand indemnification or compensation from third parties in case of a loss (payment) on the contract. As of December 31, 2023, we did not have any exposure related to CDSs for which we are the seller. Details underlying the associated collateral of our CDSs for which we are the seller if credit risk-related contingent features were triggered (in millions) were as follows: As of As of Maximum potential payout $ 112 $ – Less: Counterparty thresholds – – Maximum collateral potentially required to post $ 112 $ – Certain of our CDS agreements contain contractual provisions that allow for the netting of collateral with our counterparties related to all of our collateralized financing transactions that we have outstanding. If these netting agreements were not in place, our counterparties would have been required to post $3 million of collateral as of September 30, 2024. Credit Risk We are exposed to credit losses in the event of non-performance by our counterparties on various derivative contracts and reflect assumptions regarding the credit or non-performance risk. The non-performance risk is based upon assumptions for each counterparty’s credit spread over the estimated weighted average life of the counterparty exposure, less collateral held. As of September 30, 2024, the non-performance risk adjustment was zero. The credit risk associated with such agreements is minimized by entering into agreements with financial institutions with long-standing, superior performance records. Additionally, we maintain a policy of requiring derivative contracts to be governed by an International Swaps and Derivatives Association (“ISDA”) Master Agreement. We are required to maintain minimum ratings as a matter of routine practice in negotiating ISDA agreements. Under nearly all ISDA agreements, our insurance subsidiaries have agreed to maintain certain financial strength ratings. A downgrade below these levels could result in termination of derivative contracts, at which time any amounts payable by us would be dependent on the market value of the underlying derivative contracts. In certain transactions, we and the counterparty have entered into a credit support annex requiring either party to post collateral when net exposures exceed pre-determined thresholds. These thresholds vary by counterparty and credit rating. The amount of such exposure is essentially the net replacement cost or market value less collateral held for such agreements with each counterparty if the net market value is in our favor. We did not have any exposure as of September 30, 2024, or December 31, 2023. The amounts recognized (in millions) by S&P credit rating of counterparty, for which we had the right to reclaim cash collateral or were obligated to return cash collateral, were as follows: As of September 30, 2024 As of December 31, 2023 S&P Collateral Collateral Collateral Collateral AA- $ 2,604 $ (7) $ 2,378 $ (63) A+ 3,791 (1) 2,496 (125) A 70 – 82 – A- 691 – 273 – Total cash collateral $ 7,156 $ (8) $ 5,229 $ (188) Balance Sheet Offsetting Information related to the effects of offsetting on the Consolidated Balance Sheets (in millions) was as follows: As of September 30, 2024 Derivative Embedded Total Financial Assets Gross amount of recognized assets $ 16,152 $ 1,132 $ 17,284 Gross amounts offset (6,630) – (6,630) Net amount of assets 9,522 1,132 10,654 Gross amounts not offset: Cash collateral (7,156) – (7,156) Non-cash collateral (1) (2,366) – (2,366) Net amount $ – $ 1,132 $ 1,132 Financial Liabilities Gross amount of recognized liabilities $ 124 $ 12,938 $ 13,062 Gross amounts offset (38) – (38) Net amount of liabilities 86 12,938 13,024 Gross amounts not offset: Cash collateral (8) – (8) Non-cash collateral (19) – (19) Net amount $ 59 $ 12,938 $ 12,997 (1) Excludes excess non-cash collateral received of $1.4 billion, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. As of December 31, 2023 Derivative Embedded Total Financial Assets Gross amount of recognized assets $ 10,927 $ 940 $ 11,867 Gross amounts offset (4,453) – (4,453) Net amount of assets 6,474 940 7,414 Gross amounts not offset: Cash collateral (5,229) – (5,229) Non-cash collateral (1) (1,245) – (1,245) Net amount $ – $ 940 $ 940 Financial Liabilities Gross amount of recognized liabilities $ 967 $ 9,629 $ 10,596 Gross amounts offset (612) – (612) Net amount of liabilities 355 9,629 9,984 Gross amounts not offset: Cash collateral (188) – (188) Non-cash collateral (2) (167) – (167) Net amount $ – $ 9,629 $ 9,629 (1) Excludes excess non-cash collateral received of $1.3 billion, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. (2) Excludes excess non-cash collateral pledged of $82 million, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements.

DAC, VOBA, DSI and DFEL

DAC, VOBA, DSI and DFEL	9 Months Ended
	Sep. 30, 2024
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]
DAC, VOBA, DSI and DFEL	DAC, VOBA, DSI and DFEL The following table reconciles deferred acquisition costs (“DAC”), value of business acquired (“VOBA”) and deferred sales inducements (“DSI”) (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 DAC, VOBA and DSI Variable Annuities $ 3,911 $ 3,873 Fixed Annuities 431 455 Traditional Life 1,386 1,418 UL and Other 6,292 6,232 Group Protection 173 154 Retirement Plan Services 282 265 Total DAC, VOBA and DSI $ 12,475 $ 12,397 The following table reconciles deferred front-end loads (“DFEL”) (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 DFEL Variable Annuities $ 274 $ 278 UL and Other (1) 6,193 5,579 Other Operations (2) 50 44 Total DFEL $ 6,517 $ 5,901 (1) We reported $257 million of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of September 30, 2024, and December 31, 2023. (2) Represents DFEL reported in Other Operations attributable to the indemnity reinsurance agreement with Protective that is excluded from the following tables. We reported $50 million and $44 million of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of September 30, 2024, and December 31, 2023, respectively. The following tables summarize the changes in DAC (in millions): For the Nine Months Ended September 30, 2024 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,751 $ 421 $ 1,376 $ 5,791 $ 154 $ 239 Deferrals 307 35 85 320 100 15 Amortization (262) (55) (111) (231) (81) (14) Balance as of end-of-period $ 3,796 $ 401 $ 1,350 $ 5,880 $ 173 $ 240 For the Nine Months Ended September 30, 2023 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,751 $ 439 $ 1,333 $ 5,605 $ 141 $ 236 Deferrals 269 31 148 346 79 16 Amortization (272) (51) (108) (221) (73) (14) Balance as of end-of-period $ 3,748 $ 419 $ 1,373 $ 5,730 $ 147 $ 238 DAC amortization expense of $253 million and $754 million was recorded in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024, respectively, and $247 million and $739 million, respectively, for the corresponding periods in 2023. The following tables summarize the changes in VOBA (in millions): For the Nine Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 15 $ 42 $ 413 Deferrals – – 1 Amortization (2) (6) (29) Balance as of end-of-period $ 13 $ 36 $ 385 For the Nine Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 17 $ 50 $ 465 Deferrals – – 1 Amortization (2) (6) (33) Balance as of end-of-period $ 15 $ 44 $ 433 VOBA amortization expense of $12 million and $37 million was recorded in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024, respectively, and $13 million and $41 million, respectively, for the corresponding periods in 2023. No additions or write-offs were recorded for each respective period. The following tables summarize the changes in DSI (in millions): For the Nine Months Ended Variable Fixed UL and Retirement Balance as of beginning-of-year $ 122 $ 19 $ 28 $ 26 Deferrals 1 – 1 17 Amortization (8) (2) (2) (1) Balance as of end-of-period $ 115 $ 17 $ 27 $ 42 For the Nine Months Ended Variable Fixed UL and Retirement Balance as of beginning-of-year $ 128 $ 23 $ 30 $ 17 Deferrals 4 – 1 5 Amortization (9) (3) (2) – Balance as of end-of-period $ 123 $ 20 $ 29 $ 22 DSI amortization expense of $4 million and $13 million was recorded in interest credited on the Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024, respectively, and $5 million and $14 million, respectively, for the corresponding periods in 2023. The following tables summarize the changes in DFEL (in millions): For the Nine For the Nine Variable UL and Variable UL and Balance as of beginning-of-year $ 278 $ 5,579 $ 286 $ 4,766 Deferrals 14 826 14 800 Amortization (18) (212) (20) (193) Balance as of end-of-period 274 6,193 280 5,373 Less: ceded DFEL – 257 – – Balance as of end-of-period, net of reinsurance $ 274 $ 5,936 $ 280 $ 5,373 DFEL amortization of $79 million and $230 million was recorded in fee income on the Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024, respectively, and $74 million and $213 million, respectively, for the corresponding periods in 2023.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2024
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance Fortitude Re Effective October 1, 2023, we entered into two reinsurance agreements with Fortitude Reinsurance Company Ltd. (“Fortitude Re”), an authorized Bermuda reinsurer with reciprocal jurisdiction reinsurer status in Indiana, to reinsure certain blocks of in-force UL with secondary guarantees (“ULSG”), MoneyGuard ® and fixed annuity products, including group pension annuities. Fortitude Re represents our largest reinsurance exposure as of September 30, 2024, and December 31, 2023. The first agreement was structured as a coinsurance treaty between us and Fortitude Re for the ULSG and fixed annuities blocks. As significant insurance risk was transferred for ULSG products and life-contingent annuities, amounts recoverable from Fortitude Re were $10.7 billion and $10.5 billion as of September 30, 2024, and December 31, 2023, respectively. We reported a deferred loss on the transaction of $2.6 billion and $2.7 billion as of September 30, 2024, and December 31, 2023, respectively. We amortized $23 million and $67 million of the deferred loss during the three and nine months ended September 30, 2024, respectively. Annuities that are not life-contingent do not contain significant insurance risk; therefore, we reported deposit assets for these contracts of $3.5 billion and $4.2 billion as of September 30, 2024, and December 31, 2023, respectively. The second agreement was structured as coinsurance with funds withheld for the MoneyGuard block; however, as we retained significant insurance risk under the agreement, we reported deposit assets of $8.0 billion and $7.8 billion as of September 30, 2024, and December 31, 2023, respectively. In this coinsurance with funds withheld reinsurance agreement, we as the ceding company withhold, and therefore retain, the assets backing the deposit assets. We held investments with a carrying value of $9.8 billion and $9.9 billion in support of reserves associated with the Fortitude Re transaction in a funds withheld arrangement as of September 30, 2024, and December 31, 2023, respectively, which consisted of the following (in millions): As of As of 2024 2023 Fixed maturity AFS securities $ 8,484 $ 8,867 Other investments 1,178 759 Cash and invested cash 82 141 Accrued investment income 100 103 Other assets – 1 Total $ 9,844 $ 9,871

MRBs

MRBs	9 Months Ended
	Sep. 30, 2024
Insurance [Abstract]
MRBs	MRBs The following table reconciles market risk benefits (“MRBs”) (in millions) to MRB assets and MRB liabilities on the Consolidated Balance Sheets: As of September 30, 2024 As of December 31, 2023 Assets Liabilities Net (Assets) Liabilities Assets Liabilities Net (Assets) Liabilities Variable Annuities $ 4,448 $ 1,121 $ (3,327) $ 3,763 $ 1,583 $ (2,180) Fixed Annuities 73 147 74 96 128 32 Retirement Plan Services 44 4 (40) 35 5 (30) Total MRBs $ 4,565 $ 1,272 $ (3,293) $ 3,894 $ 1,716 $ (2,178) The following table summarizes the balances of and changes in net MRB (assets) liabilities (in millions): As of or For the Nine As of or For the Nine Variable Annuities Fixed Annuities Retirement Plan Services Variable Annuities Fixed Annuities Retirement Plan Services Balance as of beginning-of-year $ (2,180) $ 32 $ (30) $ (662) $ (45) $ (22) Less: Effect of cumulative changes in non-performance risk (1,299) (58) (4) (2,173) (40) (2) Balance as of beginning-of-year, before the effect of changes in non-performance risk (881) 90 (26) 1,511 (5) (20) Issuances 6 – – 3 – – Attributed fees collected 1,143 24 4 1,127 23 4 Benefit payments (29) – – (49) – – Effect of changes in interest rates (101) 8 (6) (2,347) (66) (7) Effect of changes in equity markets (2,347) (16) (8) (1,430) (5) (6) Effect of changes in equity index volatility (65) (4) – (358) 6 (3) In-force updates and other changes in MRBs (1) 69 3 6 182 4 – Effect of assumption review: Effect of changes in future expected policyholder behavior 7 11 – (33) 70 – Effect of changes in other future expected assumptions (2) (199) 18 (6) (66) 15 (2) Balance as of end-of-period, before the effect of changes in non-performance risk (2,397) 134 (36) (1,460) 42 (34) Effect of cumulative changes in non-performance risk (930) (60) (4) (1,213) (59) 1 Balance as of end-of-period (3,327) 74 (40) (2,673) (17) (33) Less: ceded MRB assets (liabilities) (340) – – (303) – – Balance as of end-of-period, net of reinsurance $ (2,987) $ 74 $ (40) $ (2,370) $ (17) $ (33) Weighted-average age of policyholders (years) 72 69 63 72 68 63 Net amount at risk (3) $ 1,544 $ 231 $ 3 $ 6,235 $ 188 $ 9 (1) Consists primarily of changes in MRB assets and liabilities related to differences between separate account fund performance and modeled indices and other changes such as actual to expected policyholder behavior. (2) Consists primarily of the update of fund mapping, volatility, and other capital market assumptions. (3) Net amount at risk (“NAR”) is the current guaranteed minimum benefit in excess of the current account balance as of the balance sheet date. For guaranteed living benefits (“GLBs”), the guaranteed minimum benefit is calculated based on the present value of GLB payments. Our variable annuity products may offer more than one type of guaranteed benefit rider to a policyholder. In instances where more than one guaranteed benefit feature exists in a contract, the guaranteed benefit rider that provides the highest NAR is used in the calculation. Effect of Assumption Review For the nine months ended September 30, 2024, Variable Annuities had a favorable impact to net income (loss) attributable to the annual assumption review driven by model enhancements and updates to capital market assumptions. For the nine months ended September 30, 2024, Fixed Annuities had an unfavorable impact to net income (loss) attributable to the annual assumption review driven by model enhancements and updates to policyholder GLB utilization assumptions. Retirement Plan Services did not have any significant assumption updates. For the nine months ended September 30, 2023, Variable Annuities had a favorable impact to net income (loss) attributable to the annual assumption review from updates to volatility and policyholder GLB utilization behavior assumptions, partially offset by unfavorable impacts from updates to mortality and policyholder lapse behavior assumptions. For the nine months ended September 30, 2023, Fixed Annuities had an unfavorable impact to net income (loss) attributable to the annual assumption review from updates to mortality and policyholder GLB utilization and lapse behavior assumptions. Retirement Plan Services did not have any significant assumption updates. See “MRBs” in Note 13

Separate Accounts

Separate Accounts	9 Months Ended
	Sep. 30, 2024
Separate Accounts Disclosure [Abstract]
Separate Accounts	Separate Accounts The following table presents the fair value of separate account assets (in millions) reported on the Consolidated Balance Sheets by major investment category: As of As of 2024 2023 Mutual funds and collective investment trusts $ 170,806 $ 157,578 Exchange-traded funds 349 350 Fixed maturity AFS securities 166 167 Cash and invested cash 7 25 Other investments 155 137 Total separate account assets $ 171,483 $ 158,257 The following table reconciles separate account liabilities (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 Variable Annuities $ 120,470 $ 113,356 UL and Other 28,921 25,150 Retirement Plan Services 22,033 19,699 Other Operations (1) 59 52 Total separate account liabilities $ 171,483 $ 158,257 (1) Represents separate account liabilities reported in Other Operations primarily attributable to the indemnity reinsurance agreements with Protective ($50 million a nd $46 million as of September 30, 2024, and December 31, 2023, respectively) that are excluded from the following tables. The following table summarizes the balances of and changes in separate account liabilities (in millions): As of or For the Nine As of or For the Nine Variable Annuities UL and Other Retirement Plan Services Variable Annuities UL and Other Retirement Plan Services Balance as of beginning-of-year $ 113,356 $ 25,150 $ 19,699 $ 105,573 $ 20,920 $ 16,996 Gross deposits 3,002 1,058 1,751 2,137 1,178 1,576 Withdrawals (10,190) (347) (2,382) (7,402) (227) (1,795) Policyholder assessments (1,970) (742) (134) (1,883) (714) (121) Change in market performance 15,664 3,945 3,065 6,320 1,573 1,316 Net transfers from (to) general account 608 (143) 34 447 (88) (44) Balance as of end-of-period $ 120,470 $ 28,921 $ 22,033 $ 105,192 $ 22,642 $ 17,928 Cash surrender value $ 119,106 $ 26,498 $ 22,018 $ 103,729 $ 20,324 $ 17,914

Policyholder Account Balances

Policyholder Account Balances	9 Months Ended
	Sep. 30, 2024
Policyholder Account Balance [Abstract]
Policyholder Account Balance	Policyholder Account Balances The following table reconciles policyholder account balances (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 Variable Annuities $ 34,344 $ 29,141 Fixed Annuities 26,359 25,355 UL and Other 36,692 37,180 Retirement Plan Services 23,727 23,784 Other (1) 4,846 5,277 Total policyholder account balances $ 125,968 $ 120,737 (1) Represents policyholder account balances reported primarily in Other Operations attributable to the indemnity reinsurance agreements with Protective ($4.5 billion and $4.9 billion as of September 30, 2024, and December 31, 2023, respectively) that are excluded from the following tables. The following table summarizes the balances and changes in policyholder account balances (in millions): As of or For the Nine Months Ended September 30, 2024 Variable Annuities Fixed Annuities UL and Retirement Balance as of beginning-of-year $ 29,141 $ 25,355 $ 37,180 $ 23,784 Gross deposits 3,391 3,663 2,641 2,580 Withdrawals (726) (3,724) (1,122) (3,370) Policyholder assessments (1) (45) (3,383) (10) Net transfers from (to) separate account (241) – 143 230 Interest credited 506 593 1,109 513 Change in fair value of embedded derivative instruments and other 2,274 517 124 – Balance as of end-of-period $ 34,344 $ 26,359 $ 36,692 $ 23,727 Weighted-average crediting rate 2.1% 3.1% 4.0% 2.9% Net amount at risk (1)(2) $ 1,544 $ 231 $ 298,334 $ 3 Cash surrender value 33,107 25,236 32,982 23,697 As of or For the Nine Months Ended September 30, 2023 Variable Annuities Fixed Annuities UL and Retirement Balance as of beginning-of-year $ 22,184 $ 23,365 $ 37,694 $ 25,138 Gross deposits 3,626 2,698 2,749 2,026 Withdrawals (508) (2,863) (1,095) (3,262) Policyholder assessments (1) (41) (3,373) (10) Net transfers from (to) separate account (311) – 90 (297) Interest credited 391 470 1,114 504 Change in fair value of embedded derivative instruments and other 1,391 52 38 – Balance as of end-of-period $ 26,772 $ 23,681 $ 37,217 $ 24,099 Weighted-average crediting rate 2.1 % 2.6 % 4.0 % 2.7 % Net amount at risk (1)(2) $ 6,235 $ 188 $ 303,628 $ 9 Cash surrender value 25,629 22,779 33,741 24,094 (1) NAR is the current guaranteed minimum benefit in excess of the current account balance as of the balance sheet date. For GLBs, the guaranteed minimum benefit is calculated based on the present value of GLB payments. Our variable annuity products may offer more than one type of guaranteed benefit rider to a policyholder. In instances where more than one guaranteed benefit rider exists in a contract, the guaranteed benefit rider that provides the highest NAR is used in the calculation. (2) Calculation is based on total account balances and includes both policyholder account balances and separate account balances. The following table presents policyholder account balances (in millions) by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between the interest being credited to policyholders and the respective guaranteed contract minimums: As of September 30, 2024 At 1-50 Basis 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 3 – – – 7 10 2.01% - 3.00% 523 – – – – 523 3.01% - 4.00% 1,257 – – – – 1,257 4.01% and above 8 – – – – 8 Other (1) – – – – – 32,546 Total $ 1,791 $ – $ – $ – $ 7 $ 34,344 Fixed Annuities Up to 1.00% $ 436 $ 730 $ 620 $ 373 $ 2,381 $ 4,540 1.01% - 2.00% 253 145 200 239 4,685 5,522 2.01% - 3.00% 1,649 38 6 2 33 1,728 3.01% - 4.00% 1,312 – – – – 1,312 4.01% and above 170 – – – – 170 Other (1) – – – – – 13,087 Total $ 3,820 $ 913 $ 826 $ 614 $ 7,099 $ 26,359 UL and Other Up to 1.00% $ 261 $ – $ 222 $ 121 $ 52 $ 656 1.01% - 2.00% 553 – – – 3,161 3,714 2.01% - 3.00% 6,651 10 151 – – 6,812 3.01% - 4.00% 15,426 – 1 – – 15,427 4.01% and above 3,582 – – – – 3,582 Other (1) – – – – – 6,501 Total $ 26,473 $ 10 $ 374 $ 121 $ 3,213 $ 36,692 Retirement Plan Services Up to 1.00% $ 515 $ 287 $ 731 $ 3,417 $ 5,277 $ 10,227 1.01% - 2.00% 470 1,028 1,947 990 503 4,938 2.01% - 3.00% 2,253 112 1 1 – 2,367 3.01% - 4.00% 4,493 85 6 8 – 4,592 4.01% and above 1,603 – – – – 1,603 Total $ 9,334 $ 1,512 $ 2,685 $ 4,416 $ 5,780 $ 23,727 As of September 30, 2023 At 1-50 Basis 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 5 – – – 8 13 2.01% - 3.00% 602 – – – – 602 3.01% - 4.00% 1,429 – – – – 1,429 4.01% and above 10 – – – – 10 Other (1) – – – – – 24,718 Total $ 2,046 $ – $ – $ – $ 8 $ 26,772 Fixed Annuities Up to 1.00% $ 744 $ 427 $ 515 $ 518 $ 2,427 $ 4,631 1.01% - 2.00% 481 106 212 456 1,264 2,519 2.01% - 3.00% 1,881 32 6 – 3 1,922 3.01% - 4.00% 955 – – – – 955 4.01% and above 182 – – – – 182 Other (1) – – – – – 13,472 Total $ 4,243 $ 565 $ 733 $ 974 $ 3,694 $ 23,681 UL and Other Up to 1.00% $ 284 $ – $ 192 $ 34 $ 362 $ 872 1.01% - 2.00% 553 – – – 3,181 3,734 2.01% - 3.00% 6,998 11 147 – – 7,156 3.01% - 4.00% 15,780 – 1 – – 15,781 4.01% and above 3,783 – – – – 3,783 Other (1) – – – – – 5,891 Total $ 27,398 $ 11 $ 340 $ 34 $ 3,543 $ 37,217 Retirement Plan Services Up to 1.00% $ 407 $ 596 $ 762 $ 4,882 $ 2,837 $ 9,484 1.01% - 2.00% 610 2,405 1,474 668 – 5,157 2.01% - 3.00% 2,594 – – – – 2,594 3.01% - 4.00% 5,223 – – – – 5,223 4.01% and above 1,641 – – – – 1,641 Total $ 10,475 $ 3,001 $ 2,236 $ 5,550 $ 2,837 $ 24,099 (1)

Future Contract Benefits

Future Contract Benefits	9 Months Ended
	Sep. 30, 2024
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Future Contract Benefits	Future Contract Benefits The following table reconciles future contract benefits (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 Payout Annuities (1) $ 2,119 $ 2,085 Traditional Life (1) 3,938 3,841 Group Protection (2) 5,773 5,689 UL and Other (3) 16,554 15,000 Other Operations (4) 9,471 9,879 Other (5) 3,314 3,371 Total future contract benefits $ 41,169 $ 39,864 (1) See liability for future policy benefits (“LFPB”) below for further information. (2) See “Liability for Future Claims” below for further information. (3) See “Additional Liabilities for Other Insurance Benefits” below for further information. (4) Represents future contract benefits reported in Other Operations primarily attributable to the indemnity reinsurance agreements with Protective ( $5.6 billion as of September 30, 2024, and December 31, 2023) and Swiss Re ( $1.9 billion and $2.2 billion as of September 30, 2024, and December 31, 2023, respectively) that are excluded from the following tables. (5) Represents other miscellaneous reserves that are not representative of long-duration contracts and are excluded from the following tables. LFPB The following table summarizes the balances of and changes in the present values of expected net premiums and LFPB (in millions, except years): As of or For the Nine As of or For the Nine Payout Annuities Traditional Life Payout Annuities Traditional Life Present Value of Expected Net Premiums Balance as of beginning-of-year $ – $ 6,200 $ – $ 6,063 Less: Effect of cumulative changes in discount rate assumptions – (148) – (582) Beginning balance at original discount rate – 6,348 – 6,645 Effect of changes in cash flow assumptions – 28 – (12) Effect of actual variances from expected experience – (59) – (280) Adjusted balance as of beginning-of-year – 6,317 – 6,353 Issuances – 289 – 460 Interest accrual – 188 – 182 Net premiums collected – (596) – (604) Flooring impact of LFPB – 1 – (3) Ending balance at original discount rate – 6,199 – 6,388 Effect of cumulative changes in discount rate assumptions – (19) – (527) Balance as of end-of-period $ – $ 6,180 $ – $ 5,861 Present Value of Expected LFPB Balance as of beginning-of-year $ 2,085 $ 10,041 $ 2,004 $ 9,572 Less: Effect of cumulative changes in discount rate assumptions (187) (189) (263) (785) Beginning balance at original discount rate (1) 2,272 10,230 2,267 10,357 Effect of changes in cash flow assumptions – (68) 17 (29) Effect of actual variances from expected experience 3 (70) (1) (309) Adjusted balance as of beginning-of-year 2,275 10,092 2,283 10,019 Issuances 78 289 83 461 Interest accrual 65 299 64 288 Benefit payments (152) (576) (143) (537) Ending balance at original discount rate (1) 2,266 10,104 2,287 10,231 Effect of cumulative changes in discount rate assumptions (147) 14 (344) (832) Balance as of end-of-period $ 2,119 $ 10,118 $ 1,943 $ 9,399 Net balance as of end-of-period $ 2,119 $ 3,938 $ 1,943 $ 3,538 Less: reinsurance recoverables (2) 1,578 388 3 450 Net balance as of end-of-period, net of reinsurance $ 541 $ 3,550 $ 1,940 $ 3,088 Weighted-average duration of future policyholder benefit liability (years) 9 9 9 9 (1) Includes deferred profit liability within Payout Annuities of $60 million a nd $38 million as of September 30, 2024 and 2023, respectively. (2) Increase in Payout Annuities reinsurance recoverables driven by the fourth quarter 2023 reinsurance transaction. See Note 7 For the nine months ended September 30, 2024, Payout Annuities did not have a significant cash flow assumption impact to net income (loss) attributable to the annual assumption review, and Traditional Life had a favorable cash flow assumption impact from updates to mortality assumptions, partially offset by an unfavorable impact from updates to policyholder behavior assumptions. For the nine months ended September 30, 2024, Payout Annuities and Traditional Life did not have any significantly different actual experience compared to expected. For the nine months ended September 30, 2023, Payout Annuities had an unfavorable cash flow assumption impact to net income (loss) attributable to the annual assumption review from updates to mortality assumptions, and Traditional Life had a favorable cash flow assumption impact from updates to mortality assumptions, partially offset by an unfavorable impact from updates to policyholder lapse behavior assumptions. For the nine months ended September 30, 2023, Payout Annuities and Traditional Life did not have any significantly different actual experience compared to expected. The following table summarizes the discounted and undiscounted expected future gross premiums and expected future benefit payments (in millions): As of September 30, 2024 As of September 30, 2023 Undiscounted Discounted Undiscounted Discounted Payout Annuities Expected future gross premiums $ – $ – $ – $ – Expected future benefit payments 3,437 2,119 3,553 1,943 Traditional Life Expected future gross premiums 14,126 9,964 14,070 9,294 Expected future benefit payments 14,377 10,118 14,579 9,399 The following table summarizes the gross premiums and interest accretion (in millions) recognized in insurance premiums and benefits, respectively, on the Consolidated Statements of Comprehensive Income (Loss): For the Three For the Nine 2024 2023 2024 2023 Payout Annuities Gross premiums $ 40 $ 16 $ 84 $ 88 Interest accretion 22 21 65 64 Traditional Life Gross premiums 311 310 942 937 Interest accretion 37 35 111 106 The following table summarizes the weighted-average interest rates: For the Nine 2024 2023 Payout Annuities Interest accretion rate 4.0 % 3.9 % Current discount rate 4.7 % 5.8 % Traditional Life Interest accretion rate 5.0 % 5.0 % Current discount rate 4.4 % 5.6 % Liability for Future Claims The following table summarizes the balances of and changes in liability for future claims (in millions, except years): Group Protection As of or For the Nine 2024 2023 Balance as of beginning-of-year $ 5,689 $ 5,462 Less: Effect of cumulative changes in discount rate assumptions (490) (597) Beginning balance at original discount rate 6,179 6,059 Effect of changes in cash flow assumptions (2) (27) Effect of actual variances from expected experience (278) (233) Adjusted beginning-of-year balance 5,899 5,799 New incidence 1,236 1,267 Interest 138 122 Benefit payments (1,125) (1,095) Ending balance at original discount rate 6,148 6,093 Effect of cumulative changes in discount rate assumptions (375) (720) Balance as of end-of-period 5,773 5,373 Less: reinsurance recoverables 120 117 Balance as of end-of-period, net of reinsurance $ 5,653 $ 5,256 Weighted-average duration of liability for future claims (years) 5 5 For the nine months ended September 30, 2024, we did not have a significant cash flow assumption impact to net income (loss) attributable to the annual assumption rev iew. Fo r the nine months ended September 30, 2024, we experienced more favorable reported incidence and claim terminations than assumed. For the nine months ended September 30, 2023, we had a favorable cash flow assumption impact to net income (loss) attributable to the annual assumption review from updates to long-term disability and life waiver claim termination rate assumptions, partially offset by unfavorable impacts from updates to long-term disability social security offset assumptions. For the nine months ended September 30, 2023, we experienced more favorable reported incidence and claim terminations than assumed. The following table summarizes the discounted and undiscounted expected future benefit payments (in millions): As of September 30, 2024 As of September 30, 2023 Undiscounted Discounted Undiscounted Discounted Group Protection Expected future benefit payments $ 7,154 $ 5,773 $ 7,148 $ 5,373 The following table summarizes the gross premiums and interest accretion (in millions) recognized in insurance premiums and benefits, respectively, on the Consolidated Statements of Comprehensive Income (Loss): For the Three For the Nine 2024 2023 2024 2023 Group Protection Gross premiums $ 887 $ 874 $ 2,676 $ 2,645 Interest accretion 45 39 138 122 The following table summarizes the weighted-average interest rates: For the Nine 2024 2023 Group Protection Interest accretion rate 3.3 % 3.0 % Current discount rate 4.4 % 5.7 % Additional Liabilities for Other Insurance Benefits The following table summarizes the balances of and changes in additional liabilities for other insurance benefits (in millions, except years): UL and Other As of or For the Nine 2024 2023 Balance as of beginning-of-year $ 15,000 $ 14,818 Less: Effect of cumulative changes in shadow balance in AOCI (2,222) (905) Balance as of beginning-of-year, excluding shadow balance in AOCI 17,222 15,723 Effect of changes in cash flow assumptions 244 173 Effect of actual variances from expected experience 170 (28) Adjusted beginning-of-year balance 17,636 15,868 Interest accrual 639 573 Net assessments collected 860 895 Benefit payments (718) (473) Balance as of end-of-period, excluding shadow balance in AOCI 18,417 16,863 Effect of cumulative changes in shadow balance in AOCI (1,863) (897) Balance as of end-of-period 16,554 15,965 Less: reinsurance recoverables (1) 5,139 654 Balance as of end-of-period, net of reinsurance $ 11,415 $ 15,311 Weighted-average duration of additional liabilities for other insurance benefits (years) 16 17 (1) Increase in reinsurance recoverables driven by the fourth quarter 2023 reinsurance transaction, for certain blocks of in-force ULSG. See Note 7 For the nine months ended September 30, 2024, we had an unfavorable cash flow assumption impact to net income (loss) attributable to the annual assumption review impacting reinsured blocks of MoneyGuard® business for updates to policyholder behavior and mortality assumptions that were partially offset by updates to capital market assumptions. For the nine months ended September 30, 2024, we had unfavorable actual mortality experience compared to expected on reinsured and retained business. For the nine months ended September 30, 2023, we had an unfavorable cash flow assumption impact to net income (loss) attributable to the annual assumption review from updates to policyholder lapse behavior assumptions, partially offset by a favorable impact from updates to interest rate assumptions. For the nine months ended September 30, 2023, we did not have any significantly different actual experience compared to expected. The following table summarizes the gross assessments and interest accretion (in millions) recognized in insurance premiums and benefits, respectively, on the Consolidated Statements of Comprehensive Income (Loss): For the Three For the Nine 2024 2023 2024 2023 UL and Other Gross assessments $ 732 $ 337 $ 2,177 $ 1,794 Interest accretion 218 197 639 573 The following table summarizes the weighted-average interest rates: For the Nine 2024 2023 UL and Other Interest accretion rate 5.4 % 5.1 %

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Changes in debt (in millions) were as follows: For the Nine 2024 Balance as of beginning-of-year $ 5,949 Issuance of 5.852% Senior Notes due 2034 350 Partial repayment of variable-rate term loan, due 2024 (1) (100) Unamortized debt issuance costs (1) Unamortized adjustments from discontinued hedges (12) Fair value hedge on interest rate swap agreements 11 Balance as of end-of-period $ 6,197 (1) In July 2024, we refinanced our $250 million variable-rate term loan due 2024 into a $150 million variable-rate term loan due July 16, 2027. The term loan uses a Secured Overnight Financing Rate (“SOFR”)-based interest rate, plus transition spread of 10 basis points and credit spread of 137.5 basis points.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying values and estimated fair values of our financial instruments (in millions) were as follows: As of September 30, 2024 As of December 31, 2023 Carrying Fair Carrying Fair Assets Fixed maturity AFS securities $ 90,682 $ 90,682 $ 88,738 $ 88,738 Trading securities 2,206 2,206 2,359 2,359 Equity securities 293 293 306 306 Mortgage loans on real estate 20,856 19,945 18,963 17,407 Derivative investments 9,522 9,522 6,474 6,474 Other investments 5,743 5,743 5,015 5,015 Cash and invested cash 6,013 6,013 3,365 3,365 MRB assets 4,565 4,565 3,894 3,894 Other assets: Ceded MRBs 2 2 2 2 Indexed annuity ceded embedded derivatives 1,132 1,132 940 940 Separate account assets 171,483 171,483 158,257 158,257 Liabilities Policyholder account balances: Account balances of certain investment contracts (45,822) (35,885) (44,640) (34,041) RILA, fixed annuity and IUL contracts (12,270) (12,270) (9,077) (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (668) (668) (552) (552) MRB liabilities (1,272) (1,272) (1,716) (1,716) Short-term debt (300) (297) (250) (249) Long-term debt (5,897) (5,370) (5,699) (5,182) Other liabilities: Ceded MRBs (341) (341) (239) (239) Derivative liabilities (85) (85) (356) (356) Remaining guaranteed interest and similar contracts (355) (355) (411) (411) Valuation Methodologies and Associated Inputs for Financial Instruments Not Carried at Fair Value The following discussion outlines the methodologies and assumptions used to determine the fair value of our financial instruments not carried at fair value on the Consolidated Balance Sheets. Considerable judgment is required to develop these assumptions used to measure fair value. Accordingly, the estimates shown are not necessarily indicative of the amounts that would be realized in a one-time, current market exchange of all of our financial instruments. Mortgage Loans on Real Estate The fair value of mortgage loans on real estate, excluding mortgage loans accounted for using the fair value option, is established using a discounted cash flow method based on credit rating, maturity and future income. The ratings for mortgages in good standing are based on property type, location, market conditions, occupancy, debt-service coverage, LTV, quality of tenancy, borrower and payment record. The fair value for impaired mortgage loans is based on the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s market price or the fair value of the collateral if the loan is collateral dependent. The inputs used to measure the fair value of our mortgage loans on real estate, excluding mortgage loans accounted for using the fair value option, are classified as Level 2 within the fair value hierarchy. Other Investments The carrying value of our assets classified as other investments, excluding short-term investments, approximates fair value. Other investments includes primarily LPs and other privately held investments that are accounted for using the equity method of accounting and the carrying value is based on our proportional share of the net assets of the LPs. Other investments also includes FHLB stock carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. The inputs used to measure the fair value of our LPs, other privately held investments and FHLB stock are classified as Level 3 within the fair value hierarchy. The remaining assets in other investments include cash collateral receivables and securities that are not LPs or other privately held investments. The inputs used to measure the fair value of these assets are classified as Level 2 within the fair value hierarchy. Separate Account Assets Separate account assets are primarily carried at fair value. A portion of our separate account assets includes LPs, which are accounted for using the equity method of accounting. The carrying value is based on our proportional share of the net assets of the LPs and approximates fair value. The inputs used to measure the fair value of the separate account asset LPs are classified as Level 3 within the fair value hierarchy. Policyholder Account Balances Policyholder account balances include account balances of certain investment contracts. The fair value of the account balances of certain investment contracts is based on their approximate surrender value as of the balance sheet date. The inputs used to measure the fair value of these policyholder account balances are classified as Level 3 within the fair value hierarchy. Other Liabilities Other liabilities include remaining guaranteed interest and similar contracts. The fair value for the remaining guaranteed interest and similar contracts is estimated using discounted cash flow calculations as of the balance sheet date. These calculations are based on interest rates currently offered on similar contracts with maturities that are consistent with those remaining for the contracts being valued. As of September 30, 2024, and December 31, 2023, the remaining guaranteed interest and similar contracts carrying value approximated fair value. The inputs used to measure the fair value of these other liabilities are classified as Level 3 within the fair value hierarchy. Short-Term and Long-Term Debt The fair value of short-term and long-term debt is based on quoted market prices. The inputs used to measure the fair value of our short-term and long-term debt are classified as Level 2 within the fair value hierarchy. Fair Value Option Mortgage loans on real estate, net of allowance for credit losses, as reported on the Consolidated Balance Sheets, includes mortgage loans on real estate for which the fair value option was elected. The fair value option allows us to elect fair value as an alternative measurement for mortgage loans not otherwise reported at fair value. We have made these elections for certain mortgage loans associated with modified coinsurance agreements to help mitigate the inconsistency in earnings that would otherwise result from the use of embedded derivatives included with these loans. Changes in fair value are reflected in realized gain (loss) on the Consolidated Statement of Comprehensive Income (Loss). Changes in fair value due to instrument-specific credit risk are estimated using changes in credit spreads and quality ratings for the period reported. Mortgage loans on real estate for which the fair value option was elected are valued using third-party pricing services. We have procedures in place to review the valuations each quarter to ensure they are reasonable, including utilizing a separate third party to reperform the valuation for a selection of mortgage loans on an annual basis. Due to lack of observable inputs, mortgage loans electing the fair value option are classified as Level 3 within the fair value hierarchy. The fair value and aggregate contractual principal for mortgage loans on real estate where the fair value option was elected (in millions) were as follows: As of As of 2024 2023 Fair value $ 263 $ 288 Aggregate contractual principal 297 326 For information on current and past due composition and accruing status for loans where we have elected the fair value option, see Note 3. Financial Instruments Carried at Fair Value We did not have any ass ets or liabilities measured at fair value on a nonrecurring basis as of September 30, 2024, or December 31, 2023. The following summarizes our financial instruments carried at fair value (in millions) on a recurring basis by the fair value hierarchy levels: As of September 30, 2024 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ – $ 67,568 $ 2,666 $ 70,234 U.S. government bonds 378 20 – 398 State and municipal bonds – 2,567 – 2,567 Foreign government bonds – 252 – 252 RMBS – 1,869 13 1,882 CMBS – 1,622 21 1,643 ABS – 11,343 2,101 13,444 Hybrid and redeemable preferred securities 51 134 77 262 Trading securities – 1,932 274 2,206 Equity securities – 258 35 293 Mortgage loans on real estate – – 263 263 Derivative investments (1) – 16,134 9 16,143 Other investments – short-term investments – 209 20 229 Cash and invested cash – 6,013 – 6,013 MRB assets – – 4,565 4,565 Other assets: Ceded MRBs – – 2 2 Indexed annuity ceded embedded derivatives – – 1,132 1,132 Separate account assets 403 171,080 – 171,483 Total assets $ 832 $ 281,001 $ 11,178 $ 293,011 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (12,270) $ (12,270) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – (1,125) 457 (668) MRB liabilities – – (1,272) (1,272) Other liabilities: Ceded MRBs – – (341) (341) Derivative liabilities (1) – (6,696) (10) (6,706) Total liabilities $ – $ (7,821) $ (13,436) $ (21,257) As of December 31, 2023 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ – $ 67,160 $ 2,497 $ 69,657 U.S. government bonds 374 19 – 393 State and municipal bonds – 2,785 5 2,790 Foreign government bonds – 283 – 283 RMBS – 1,760 13 1,773 CMBS – 1,416 8 1,424 ABS – 10,687 1,484 12,171 Hybrid and redeemable preferred securities 46 153 48 247 Trading securities – 2,075 284 2,359 Equity securities 1 263 42 306 Mortgage loans on real estate – – 288 288 Derivative investments (1) – 10,874 622 11,496 Other investments – short-term investments – 233 – 233 Cash and invested cash – 3,365 – 3,365 MRB assets – – 3,894 3,894 Other assets: Ceded MRBs – – 2 2 Indexed annuity ceded embedded derivatives – – 940 940 Separate account assets 402 157,855 – 158,257 Total assets $ 823 $ 258,928 $ 10,127 $ 269,878 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (9,077) $ (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – 237 (789) (552) MRB liabilities – – (1,716) (1,716) Other liabilities: Ceded MRBs – – (239) (239) Derivative liabilities (1) – (4,792) (586) (5,378) Total liabilities $ – $ (4,555) $ (12,407) $ (16,962) (1) Derivative investment assets and liabilities are presented within the fair value hierarchy on a gross basis by derivative type and not on a master netting basis by counterparty. The following summarizes changes to our financial instruments carried at fair value (in millions) and classified within Level 3 of the fair value hierarchy. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology. The summary schedule excludes changes to MRB assets and MRB liabilities as these balances are rolled forward in Note 8 For the Three Months Ended September 30, 2024 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,581 $ (1) $ 43 $ 50 $ (7) $ 2,666 RMBS 18 – – – (5) 13 CMBS 23 – – 14 (16) 21 ABS 1,997 – 50 232 (178) 2,101 Hybrid and redeemable preferred securities 50 – 1 16 10 77 Trading securities 273 7 – (6) – 274 Equity securities 38 – – 1 (4) 35 Mortgage loans on real estate 258 2 4 (1) – 263 Derivative investments (8) 6 – 1 – (1) Other investments (4) – – – 10 10 20 Other assets: Ceded MRBs (3) 2 – – – – 2 Indexed annuity ceded embedded derivatives (4) 967 191 – (26) – 1,132 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (11,417) (898) – 45 – (12,270) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) (204) 661 – – – 457 Other liabilities – ceded MRBs (3) (344) 3 – – – (341) Total, net $ (5,766) $ (29) $ 98 $ 336 $ (190) $ (5,551) For the Three Months Ended September 30, 2023 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,366 $ (4) $ (14) $ 105 $ (43) $ 2,410 State and municipal bonds 36 (4) 1 – – 33 RMBS 6 – (1) – 7 12 ABS 1,208 – (5) 247 (113) 1,337 Hybrid and redeemable preferred securities 60 – 1 – (13) 48 Trading securities 351 (3) – (4) 6 350 Equity securities 125 12 – – – 137 Mortgage loans on real estate 404 2 (3) (88) – 315 Derivative investments 31 (26) – 8 – 13 Other assets: Ceded MRBs (3) 2 – – – – 2 Indexed annuity ceded embedded derivatives (4) 603 (49) – 32 – 586 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (7,600) 621 – (195) – (7,174) Other liabilities – ceded MRBs (3) (293) (12) – – – (305) Total, net $ (2,701) $ 537 $ (21) $ 105 $ (156) $ (2,236) For the Nine Months Ended September 30, 2024 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,497 $ 1 $ 25 $ 264 $ (121) $ 2,666 State and municipal bonds 5 – – – (5) – RMBS 13 – (1) 6 (5) 13 CMBS 8 – – 29 (16) 21 ABS 1,484 – 55 798 (236) 2,101 Hybrid and redeemable preferred securities 48 – 3 16 10 77 Trading securities 284 7 – (17) – 274 Equity securities 42 (3) – – (4) 35 Mortgage loans on real estate 288 6 5 (36) – 263 Derivative investments 36 11 – 3 (51) (1) Other investments (4) – – – 10 10 20 Other assets: Ceded MRBs (3) 2 – – – – 2 Indexed annuity ceded embedded derivatives (4) 940 238 – (46) – 1,132 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (9,077) (2,915) – (278) – (12,270) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) (789) 1,246 – – – 457 Other liabilities – ceded MRBs (3) (239) (102) – – – (341) Total, net $ (4,458) $ (1,511) $ 87 $ 749 $ (418) $ (5,551) For the Nine Months Ended September 30, 2023 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,295 $ 1 $ (13) $ 130 $ (3) $ 2,410 State and municipal bonds 35 (4) 3 (1) – 33 RMBS 1 – (1) 5 7 12 CMBS – – – (4) 4 – ABS 1,117 – (3) 567 (344) 1,337 Hybrid and redeemable preferred securities 49 – (2) (2) 3 48 Trading securities 581 (1) – (236) 6 350 Equity securities 153 (17) – 1 – 137 Mortgage loans on real estate 487 – 2 (174) – 315 Derivative investments 2 (28) – 8 31 13 Other assets: Ceded MRBs (3) 12 (10) – – – 2 Indexed annuity ceded embedded derivatives (4) 525 (37) – 98 – 586 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (4,783) (1,669) – (722) – (7,174) Other liabilities – ceded MRBs (3) (205) (100) – – – (305) Total, net $ 269 $ (1,865) $ (14) $ (330) $ (296) $ (2,236) (1) The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments (see Note 5 (2) Amortization and accretion of premiums and discounts are included in net investment income on the Consolidated Statements of Comprehensive Income (Loss). Gains (losses) from sales, maturities, settlements and calls and credit loss expense are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (3) Gains (losses) from the changes in fair value are included in market risk benefit gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (4) Gains (losses) from the changes in fair value are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The following provides the components of the items included in issuances, sales, maturities, settlements and calls, net, (in millions) as reported above: For the Three Months Ended September 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 281 $ (61) $ – $ (170) $ – $ 50 CMBS 14 – – – – 14 ABS 402 (20) – (104) (46) 232 Hybrid and redeemable preferred securities 16 – – – – 16 Trading securities 1 – – (7) – (6) Equity securities 1 – – – – 1 Mortgage loans on real estate – – – (1) – (1) Derivative investments – – 1 – – 1 Other investments 10 – – – – 10 Other assets – indexed annuity ceded embedded derivatives 51 – – (77) – (26) Policyholder account balances – RILA, fixed annuity and IUL contracts (317) – – 362 – 45 Total, net $ 459 $ (81) $ 1 $ 3 $ (46) $ 336 For the Three Months Ended September 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 178 $ (28) $ – $ (45) $ – $ 105 ABS 279 – – (32) – 247 Trading securities – – – (4) – (4) Mortgage loans on real estate 1 – – (89) – (88) Derivative investments 9 – (1) – – 8 Other assets – indexed annuity ceded embedded derivatives 28 – – 4 – 32 Policyholder account balances – RILA, fixed annuity and IUL contracts (231) – – 36 – (195) Total, net $ 264 $ (28) $ (1) $ (130) $ – $ 105 For the Nine Months Ended September 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 922 $ (260) $ (2) $ (395) $ (1) $ 264 RMBS 6 – – – – 6 CMBS 29 – – – – 29 ABS 1,128 (50) – (223) (57) 798 Hybrid and redeemable preferred securities 16 – – – – 16 Trading securities 6 (2) – (21) – (17) Equity securities 1 (1) – – – – Mortgage loans on real estate 1 (31) – (6) – (36) Derivative investments 4 – (1) – – 3 Other investments 10 – – – – 10 Other assets – indexed annuity ceded embedded derivatives 103 – – (149) – (46) Policyholder account balances – RILA, fixed annuity and IUL contracts (849) – – 571 – (278) Total, net $ 1,377 $ (344) $ (3) $ (223) $ (58) $ 749 For the Nine Months Ended September 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 587 $ (65) $ (34) $ (347) $ (11) $ 130 State and municipal bonds – (1) – – – (1) RMBS 5 – – – – 5 CMBS – – – (4) – (4) ABS 736 (2) – (167) – 567 Hybrid and redeemable preferred securities – – – – (2) (2) Trading securities – (155) – (81) – (236) Equity securities 1 – – – – 1 Mortgage loans on real estate 5 – – (179) – (174) Derivative investments 9 – (1) – – 8 Other assets – indexed annuity ceded embedded derivatives 112 – – (14) – 98 Policyholder account balances – RILA, fixed annuity and IUL contracts (846) – – 124 – (722) Total, net $ 609 $ (223) $ (35) $ (668) $ (13) $ (330) The following summarizes changes in unrealized gains (losses) included in net income related to financial instruments carried at fair value classified within Level 3 that we still held (in millions): For the Three For the Nine 2024 2023 2024 2023 Trading securities (1) $ 7 $ (3) $ 6 $ (2) Equity securities (1) – 12 (2) (17) Mortgage loans on real estate (1) 2 2 (2) (1) Derivative investments (1) 5 (25) 14 (27) MRBs (2) (665) 1,415 1,357 2,783 Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (1) 661 – 1,246 – Embedded derivatives – indexed annuity and IUL contracts (1) 23 (4) 755 (223) Total, net $ 33 $ 1,397 $ 3,374 $ 2,513 (1) Included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (2) Included in market risk benefit gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The following summarizes changes in unrealized gains (losses) included in OCI, net of tax, related to financial instruments carried at fair value classified within Level 3 that we still held (in millions): For the Three For the Nine 2024 2023 2024 2023 Fixed maturity AFS securities: Corporate bonds $ 43 $ (19) $ 2 $ (21) State and municipal bonds – 2 – 3 RMBS 1 (1) – (1) ABS 47 (5) 27 (4) Hybrid and redeemable preferred securities 1 – 2 (2) Mortgage loans on real estate 4 (3) 5 1 Total, net $ 96 $ (26) $ 36 $ (24) The following provides the components of the transfers into and out of Level 3 (in millions) as reported above: For the Three For the Three Transfers Transfers Transfers Transfers Into Out of Into Out of Level 3 Level 3 Total Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ – $ (7) $ (7) $ 36 $ (79) $ (43) RMBS – (5) (5) 12 (5) 7 CMBS – (16) (16) – – – ABS – (178) (178) – (113) (113) Hybrid and redeemable preferred securities 10 – 10 – (13) (13) Trading securities – – – 6 – 6 Equity securities – (4) (4) – – – Other investments 10 – 10 – – – Total, net $ 20 $ (210) $ (190) $ 54 $ (210) $ (156) For the Nine For the Nine Transfers Transfers Transfers Transfers Into Out of Into Out of Level 3 Level 3 Total Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 22 $ (143) $ (121) $ 195 $ (198) $ (3) RMBS – (5) (5) 12 (5) 7 CMBS – (16) (16) 4 – 4 State and municipal bonds – (5) (5) – – – ABS 50 (286) (236) 2 (346) (344) Hybrid and redeemable preferred securities 10 – 10 16 (13) 3 Trading securities – – – 6 – 6 Equity securities – (4) (4) – – – Derivative investments – (51) (51) 31 – 31 Other investments 10 – 10 – – – Total, net $ 92 $ (510) $ (418) $ 266 $ (562) $ (296) Transfers into and out of Level 3 are generally the result of observable market information on financial instruments no longer being available or becoming available to our pricing vendors. For the three and nine months ended September 30, 2024 and 2023, transfers in and out of Level 3 were attributable primarily to the financial instruments’ observable market information no longer being available or becoming available. The following summarizes the fair value (in millions), valuation techniques and significant unobservable inputs of the Level 3 fair value measurements as of September 30, 2024: Weighted Fair Valuation Significant Assumption or Average Input Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 183 Discounted cash flow Liquidity/duration adjustment (2) 0 % – 4.2 % 2.0 % ABS 11 Discounted cash flow Liquidity/duration adjustment (2) 1.5 % – 1.5 % 1.5 % CMBS 8 Discounted cash flow Liquidity/duration adjustment (2) 2.1 % — 2.1 % 2.1 % Hybrid and redeemable preferred securities 24 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % – 2.0 % 1.8 % Equity securities 5 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % – 4.5 % 4.5 % MRB assets 4,565 Other assets – ceded MRBs 2 Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.27 % – 2.24 % 1.81 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.47 % Other assets – indexed annuity ceded embedded derivatives 1,132 Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) Liabilities Policyholder account balances – indexed annuity contracts embedded derivatives $ (12,176) Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) MRB liabilities (1,272) Other liabilities – ceded MRBs (341) Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.27 % – 2.24 % 1.81 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.47 % The following summarizes the fair value (in millions), valuation techniques and significant unobservable inputs of the Level 3 fair value measurements as of December 31, 2023: Weighted Fair Valuation Significant Assumption or Average Input Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 186 Discounted cash flow Liquidity/duration adjustment (2) (0.2) % – 3.7 % 2.1 % State and municipal bonds 5 Discounted cash flow Liquidity/duration adjustment (2) 0.9 % – 2.2 % 2.1 % CMBS 8 Discounted cash flow Liquidity/duration adjustment (2) 2.3 % – 2.3 % 2.3 % ABS 12 Discounted cash flow Liquidity/duration adjustment (2) 1.8 % – 1.8 % 1.8 % Hybrid and redeemable preferred securities 7 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % – 1.5 % 1.5 % Equity securities 5 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % – 4.5 % 4.5 % MRB assets 3,894 Other assets – ceded MRBs 2 Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.51 % – 2.13 % 1.78 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 13.92 % Other assets – indexed annuity ceded embedded derivatives 940 Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) Liabilities Policyholder account balances – indexed annuity contracts embedded derivatives $ (9,013) Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) MRB liabilities (1,716) Other liabilities – ceded MRBs (239) Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.51 % – 2.13 % 1.78 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 13.92 % (1) Unobservable inputs were weighted by the relative fair value of the instruments, unless otherwise noted. (2) The liquidity/duration adjustment input represents an estimated market participant composite of adjustments attributable to liquidity premiums, expected durations, structures and credit quality that would be applied to the market observable information of an investment. (3) The lapse input represents the estimated probability of a contract surrendering during a year, and thereby forgoing any future benefits. The range for indexed annuity contracts represents the lapses during the surrender charge period. (4) The utilization of GLB withdrawals input represents the estimated percentage of policyholders that utilize the GLB withdrawal riders. (5) The utilization factors are applied to the present value of claims or premiums, as appropriate, in the MRB calculation to estimate the impact of inefficient GLB withdrawal behavior, including taking less than or more than the maximum GLB withdrawal. (6) The non-performance risk input represents the estimated additional credit spread that market participants would apply to the market observable discount rate when pricing a contract. The non-performance risk input was weighted by the absolute value of the sensitivity of the reserve to the non-performance risk assumption. (7) The mortality input represents the estimated probability of when an individual belonging to a particular group, categorized according to age or some other factor such as gender, will die. (8) The volatility input represents overall volatilities assumed for the underlying variable annuity funds, which include a mixture of equity and fixed-income assets. Volatility assumptions vary by fund due to the benchmarking of different indices. The volatility input was weighted by the relative account balance assigned to each index. (9) The mortality is based on a combination of company and industry experience, adjusted for improvement factors. (10) A weighted average input range is not a meaningful measurement for lapse, utilization factors or mortality. From the table above, we have excluded Level 3 fair value measurements obtained from independent, third-party pricing sources. We do not develop the significant inputs used to measure the fair value of these assets and liabilities, and the information regarding the significant inputs is not readily available to us. Independent broker-quoted fair values are non-binding quotes developed by market makers or broker-dealers obtained from third-party sources recognized as market participants. The fair value of a broker-quoted asset or liability is based solely on the receipt of an updated quote from a single market maker or a broker-dealer recognized as a market participant as we do not adjust broker quotes when used as the fair value measurement for an asset or liability. Significant increases or decreases in any of the quotes received from a third-party broker-dealer may result in a significantly higher or lower fair value measurement. The embedded derivative liability associated with Fortitude Re was excluded from the above table. As discussed in Note 7 Changes in any of the significant inputs presented in the table above would have resulted in a significant change in the fair value measurement of the asset or liability as follows: • Investments – An increase in the liquidity/duration adjustment input would have resulted in a decrease in the fair value measurement. • Indexed annuity contracts embedded derivatives – For direct embedded derivatives, an increase in the lapse or mortality inputs would have resulted in a decrease in the fair value measurement. • MRBs – Assuming our MRBs are in a liability position: an increase in our lapse, non-performance risk or mortality inputs would have resulted in a decrease in the fair value measurement, except for policies with guaranteed death benefit (“GDB”) riders only, in which case an increase in mortality inputs would have resulted in an increase in the fair value measurement.

Contingencies and Commitments

Contingencies and Commitments	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Commitments	Contingencies and Commitments Contingencies Reinsurance Disputes Certain reinsurers have in the past sought, and may in the future seek, rate increases on certain yearly renewable term agreements. We may initiate legal proceedings, as necessary, under these agreements in order to protect our contractual rights. Additionally, reinsurers have in the past initiated, and may in the future initiate, legal proceedings against us. Regulatory and Litigation Matters Regulatory bodies, such as state insurance departments, the SEC, the Financial Industry Regulatory Authority, tax authorities and other regulatory bodies regularly make inquiries and conduct examinations, investigations or audits concerning our compliance with, among other things, insurance laws, securities laws, tax laws, laws governing the activities of broker-dealers, registered investment advisers and unclaimed property laws. Tax-related matters can include disputes with taxing authorities, ongoing audits, evaluation of filing positions and any potential assessments related thereto. LNC is involved in various pending or threatened legal or regulatory proceedings, including purported class actions, arising from the conduct of business both in the ordinary course and otherwise. In some of the matters, very large and/or indeterminate amounts, including punitive and treble damages, are sought. Modern pleading practice in the U.S. permits considerable variation in the assertion of monetary damages or other relief. Jurisdictions may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction of the trial court. In addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding verdicts obtained in the jurisdiction for similar matters. This variability in pleadings, together with the actual experiences of LNC in litigating or resolving through settlement numerous claims over an extended period of time, demonstrates to management that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value. Due to the unpredictable nature of litigation, the outcome of a litigation matter and the amount or range of potential loss at particular points in time is normally difficult to ascertain. Uncertainties can include how fact finders will evaluate documentary evidence and the credibility and effectiveness of witness testimony, and how trial and appellate courts will apply the law in the context of the pleadings or evidence presented, whether by motion practice, or at trial or on appeal. Disposition valuations are also subject to the uncertainty of how opposing parties and their counsel will themselves view the relevant evidence and applicable law. We establish liabilities for litigation and regulatory loss contingencies when information related to the loss contingencies shows both that it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. It is possible that some matters could require us to pay damages or make other expenditures or establish accruals in amounts that could not be estimated as of September 30, 2024. For some matters, the Company is able to estimate a reasonably possible range of loss. For such matters in which a loss is probable, an accrual has been made. For such matters where a loss is believed to be reasonably possible, but not probable, no accrual has been made. Accordingly, the estimate contained in this paragraph reflects two types of matters. For some matters included within this estimate, an accrual has been made, but there is a reasonable possibility that an exposure exists in excess of the amount accrued. In these cases, the estimate reflects the reasonably possible range of loss in excess of the accrued amount. For other matters included within this estimation, no accrual has been made because a loss, while potentially estimable, is believed to be reasonably possible but not probable. In these cases, the estimate reflects the reasonably possible loss or range of loss. As of September 30, 2024, we estimate the aggregate range of reasonably possible losses, including amounts in excess of amounts accrued for these matters as of such date, to be up to approximately $150 million, after-tax. Any estimate is not an indication of expected loss, if any, or of the Company’s maximum possible loss exposure on such matters. For other matters, we are not currently able to estimate the reasonably possible loss or range of loss. We are often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the range of possible loss, such as quantification of a damage demand from plaintiffs, discovery from other parties and investigation of factual allegations, rulings by the court on motions or appeals, analysis by experts and the progress of settlement negotiations. On a quarterly and annual basis, we review relevant information with respect to litigation contingencies and update our accruals, disclosures and estimates of reasonably possible losses or ranges of loss based on such reviews. Among other matters, we are presently engaged in litigation, including relating to cost of insurance rates (“Cost of Insurance and Other Litigation”), as described below. No accrual has been made for some of these matters. Although a loss is believed to be reasonably possible for these matters, for some of these matters, we are not able to estimate a reasonably possible amount or range of potential liability. An adverse outcome in one or more of these matters may have a material impact on the consolidated financial statements, but, based on information currently known, management does not believe those cases are likely to have such an impact. Cost of Insurance and Other Litigation Cost of Insurance Litigation Glover v. Connecticut General Life Insurance Company and The Lincoln National Life Insurance Company , filed in the U.S. District Court for the District of Connecticut, No. 3:16-cv-00827, is a putative class action that was served on The Lincoln National Life Insurance Company (“LNL”) on June 8, 2016. Plaintiff is the owner of a universal life insurance policy who alleges that LNL charged more for non-guaranteed cost of insurance than permitted by the policy. Plaintiff seeks to represent all universal life and variable universal life policyholders who owned policies containing non-guaranteed cost of insurance provisions that are similar to those of plaintiff’s policy and seeks damages on behalf of all such policyholders. On January 11, 2019, the court dismissed plaintiff’s complaint in its entirety. In response, plaintiff filed a motion for leave to amend the complaint, which, on September 25, 2023, the court granted in part and denied in part. Plaintiff filed an amended complaint on October 10, 2023. On March 7, 2024, the parties entered into a provisional settlement agreement that encompasses policies that are at issue in this case, which also includes all policies at issue in the lawsuits captioned Iwanski v. First Penn-Pacific Life Insurance Company , TVPX ARS INC., as Securities Intermediary for Consolidated Wealth Management, LTD. v. The Lincoln National Life Insurance Company and Vida Longevity Fund, LP v. Lincoln Life & Annuity Company of New York , each of which are described below. The Glover plaintiffs’ motion for preliminary approval of the provisional settlement was filed on March 8, 2024, and on September 4, 2024, the court granted preliminary approval of the provisional settlement. The provisional settlement, which is still subject to final approval of the court, consists of a $147.5 million pre-tax cash payment for Glover class members (inclusive of all policyholders in Iwanski , TVPX ARS INC. and Vida ). As of March 31, 2024, we had accrued the total provisional settlement amount of $147.5 million, pre-tax. Iwanski v. First Penn-Pacific Life Insurance Company (“FPP”), No. 2:18-cv-01573 filed in the U.S. District Court for the Eastern District of Pennsylvania is a putative class action that was filed on April 13, 2018. Plaintiff alleges that defendant FPP breached the terms of his life insurance policy by deducting non-guaranteed cost of insurance charges in excess of what is permitted by the policies. Plaintiff seeks to represent all owners of universal life insurance policies issued by FPP containing non-guaranteed cost of insurance provisions that are similar to those of Plaintiff’s policy and seeks damages on their behalf. Breach of contract is the only cause of action asserted. On March 7, 2024, the parties in Glover v. Connecticut General Life Insurance Company and The Lincoln National Life Insurance Company (discussed above) entered into a provisional settlement agreement that encompasses all policies at issue in this case, as the Glover case is inclusive of all policies in this case, as well as in the lawsuits captioned TVPX ARS INC., as Securities Intermediary for Consolidated Wealth Management, LTD. v. The Lincoln National Life Insurance Company and Vida Longevity Fund, LP v. Lincoln Life & Annuity Company of New York (both discussed below). The Glover plaintiffs’ motion for preliminary approval of the provisional settlement was filed on March 8, 2024, and on September 4, 2024, the court granted preliminary approval of the provisional settlement. The provisional settlement, which is still subject to final approval of the court, consists of a $147.5 million pre-tax cash payment for Glover class members (inclusive of all policyholders in Iwanski , TVPX ARS INC. and Vida ). A motion has been filed to stay the proceedings in this matter pending the completion of the settlement approval process in Glover . TVPX ARS INC., as Securities Intermediary for Consolidated Wealth Management, LTD. v. The Lincoln National Life Insurance Company , filed in the U.S. District Court for the Eastern District of Pennsylvania, No. 2:18-cv-02989, is a putative class action that was filed on July 17, 2018. Plaintiff alleges that LNL charged more for non-guaranteed cost of insurance than permitted by the policy. Plaintiff seeks to represent all universal life and variable universal life policyholders who own policies issued by LNL or its predecessors containing non-guaranteed cost of insurance provisions that are similar to those of Plaintiff’s policy and seeks damages on behalf of all such policyholders. On March 7, 2024, the parties in Glover v. Connecticut General Life Insurance Company and The Lincoln National Life Insurance Company (discussed above) entered into a provisional settlement agreement that encompasses all policies at issue in this case, as the Glover case is inclusive of all policies in this case, as well as in the lawsuits captioned Iwanski v. First Penn-Pacific Life Insurance Company (discussed above) and Vida Longevity Fund, LP v. Lincoln Life & Annuity Company of New York (discussed below). The Glover plaintiffs’ motion for preliminary approval of the provisional settlement was filed on March 8, 2024, and on September 4, 2024, the court granted preliminary approval of the provisional settlement. The provisional settlement, which is still subject to final approval of the court, consists of a $147.5 million pre-tax cash payment for Glover class members (inclusive of all policyholders in Iwanski , TVPX ARS INC. and Vida ). A motion has been filed to stay the proceedings in this matter pending the completion of the settlement approval process in Glover . Vida Longevity Fund, LP v. Lincoln Life & Annuity Company of New York , pending in the U.S. District Court for the Southern District of New York, No. 1:19-cv-06004, is a putative class action that was filed on June 27, 2019. Plaintiff alleges that Lincoln Life & Annuity Company of New York (“LLANY”) charged more for non-guaranteed cost of insurance than was permitted by the policies. On March 31, 2022, the court issued an order granting plaintiff’s motion for class certification and certified a class of all current or former owners of six universal life insurance products issued by LLANY that were assessed a cost of insurance charge any time on or after June 27, 2013. Plaintiff seeks damages on behalf of the class. On April 19, 2023, LLANY filed a motion for summary judgment. On March 7, 2024, the parties in Glover v. Connecticut General Life Insurance Company and The Lincoln National Life Insurance Company (discussed above) entered into a provisional settlement agreement that encompasses all policies at issue in this case, as the Glover case is inclusive of all policies in this case, as well as in the lawsuits captioned Iwanski v. First Penn-Pacific Life Insurance Company and TVPX ARS INC., as Securities Intermediary for Consolidated Wealth Management, LTD. v. The Lincoln National Life Insurance Company (both discussed above). The Glover plaintiffs’ motion for preliminary approval of the provisional settlement was filed on March 8, 2024, and on September 4, 2024, the court granted preliminary approval of the provisional settlement. The provisional settlement, which is still subject to final approval of the court, consists of a $147.5 million pre-tax cash payment for Glover class members (inclusive of all policyholders in Iwanski , TVPX ARS INC. and Vida ). On March 29, 2024, the court issued its summary judgment decision, granting LLANY’s motion in part and denying it in part, and entering summary judgment against twenty-two policyholders that the court determined were not economically harmed. On June 25, 2024, the court granted LLANY’s April 12, 2024, motion to stay proceedings in this matter pending the completion of the approval process in Glover . Angus v. The Lincoln National Life Insurance Company , pending in the U.S. District Court for the Eastern District of Pennsylvania, No. 2:22-cv-01878, is a putative class action filed on May 13, 2022. Plaintiff alleges that defendant LNL breached the terms of her life insurance policy by deducting non-guaranteed cost of insurance charges in excess of what is permitted by the policies. Plaintiff seeks to represent all owners of universal life insurance policies issued or insured by LNL or its predecessors containing non-guaranteed cost of insurance provisions that are similar to those of plaintiff’s policy and seeks damages on their behalf. Breach of contract is the only cause of action asserted. On August 26, 2022, LNL filed a motion to dismiss. We are vigorously defending this matter. On May 7, 2024, the U.S. District Court for the Eastern District of Pennsylvania consolidated for all purposes four previously disclosed civil actions: EFG Bank AG, Cayman Branch, et al. v. The Lincoln National Life Insurance Company , No. 17-cv-02592-GJP (E.D. Pa.) filed on February 1, 2017; LSH CO, et al. v. Lincoln National Corp., et al. , No. 18-cv-05529-GJP (E.D. Pa.), filed on December 21, 2018; Brighton Trustees, LLC, et al. v. The Lincoln National Life Insurance Company , No. 2:23-cv-2251-GJP (E.D. Pa.), filed on April 20, 2023 (and transferred to the U.S. District Court for the Eastern District of Pennsylvania on June 12, 2023); and Ryan K. Crayne, on behalf of and as trustee for Carlton Peak Trust v. The Lincoln National Life Insurance Company , No. 2:24-cv-00053-GJP, filed on November 17, 2023 (and transferred to the U.S. District Court for the Eastern District of Pennsylvania on January 4, 2024), and one additional pending civil action, Conestoga Trust, et al. v. Lincoln National Corp., et al., No. 18-cv-02379-GJP (E.D. Pa.), filed on June 6, 2018. In each case other than Crayne , plaintiffs purport to own universal life insurance policies or interests in universal life insurance policies originally issued by Jefferson-Pilot (now LNL). In Crayne , plaintiffs purport to own litigation claims concerning universal life policies originally issued by Jefferson-Pilot (now LNL). Among other things, plaintiffs in each case allege that LNL (or, in LSH Co. and Conestoga , LNL and LNC) breached the terms of policyholders’ contracts when it increased non-guaranteed cost of insurance rates beginning in 2016 (or, in Brighton Trustees and LSH Co. , in 2016 and 2017). We are vigorously defending these consolidated matters. Other Litigation Andrew Nitkewicz v. Lincoln Life & Annuity Company of New York, pending in the U.S. District Court for the Southern District of New York, No. 1:20-cv-06805, is a putative class action that was filed on August 24, 2020. Plaintiff Andrew Nitkewicz, as trustee of the Joan C. Lupe Trust, seeks to represent all current and former owners of universal life (including variable universal life) policies who own or owned policies issued by LLANY and its predecessors in interest that were in force at any time on or after June 27, 2013, and for which planned annual, semi-annual, or quarterly premiums were paid for any period beyond the end of the policy month of the insured’s death. Plaintiff alleges LLANY failed to refund unearned premium in violation of New York Insurance Law Section 3203(a)(2) in connection with the payment of death benefit claims for certain insurance policies. Plaintiff seeks compensatory damages and pre-judgment interest on behalf of the various classes and sub-class. On July 2, 2021, the court granted, with prejudice, LLANY’s November 2020 motion to dismiss this matter. Plaintiff filed a notice of appeal on July 28, 2021, and on September 26, 2022, the U.S. Court of Appeals for the Second Circuit reserved its decision and certified a question to the New York Court of Appeals. On October 20, 2022, the New York Court of Appeals accepted the question. On October 19, 2023, the New York Court of Appeals answered the question in LLANY’s favor and transmitted the decision to the U.S. Court of Appeals for the Second Circuit. Plaintiff sought, and was granted, supplemental briefing before the U.S. Court of Appeals for the Second Circuit with respect to certain aspects of the New York Court of Appeals’ decision. The supplemental briefing was completed January 23, 2024. On August 8, 2024, the U.S. Court of Appeals for the Second Circuit affirmed the District Court’s decision dismissing the case. We are vigorously defending this matter. Henry Morgan et al. v. Lincoln National Corporation d/b/a Lincoln Financial Group, et al , filed in the District Court of the 14 th Judicial District of Dallas County, Texas, No. DC-23-02492, is a putative class action that was filed on February 22, 2023. Plaintiffs Henry Morgan, Susan Smith, Charles Smith, Laura Seale, Terri Cogburn, Laura Baesel, Kathleen Walton, Terry Warner, and Toni Hale (“Plaintiffs”) allege on behalf of a putative class that Lincoln National Corporation d/b/a Lincoln Financial Group, LNL and LLANY (together, “Lincoln”), FMR, LLC, and Fidelity Product Services, LLC (“Fidelity”) created and marketed misleading and deceptive insurance products with attributes of investment products. The putative class comprises all individuals and entities who purchased Lincoln OptiBlend products that allocated account monies to the 1-Year Fidelity AIM Dividend Participation Account, between January 1, 2020, to December 31, 2022. Plaintiffs assert the following claims individually and on behalf of the class, (1) violations of the Texas Deceptive Trade Practices Act against Lincoln; (2) common-law fraud against Lincoln; (3) negligent misrepresentation against Lincoln and Fidelity; and (4) aiding and abetting fraud against Fidelity. Plaintiffs allege they suffered damages from “a missed investment return of approximately 5-6%” and mitigation damages. They seek actual, consequential and punitive damages, as well as pre-judgment and post-judgment interest, attorney’s fees and litigation costs. On March 31, 2023, the Lincoln defendants filed a notice of removal removing the action from the 14 th Judicial District of Dallas County, Texas, to the United States District Court for the Northern District of Texas, Dallas Division. On May 8, 2023, the Lincoln defendants and the Fidelity defendants filed motions to dismiss, which remain pending. We are vigorously defending this matter. Donald C. Meade v. Lincoln National Corporation, Ellen Cooper, Dennis Glass, and Randal Freitag (“Defendants”) , No. 2:24-cv-01704, pending in the U.S. District Court for the Eastern District of Pennsylvania, is a putative class action that was filed on April 23, 2024. On June 24, 2024, Local 295 IBT Employer Group Pension Trust Fund (“Local 295”) filed a motion for appointment as lead plaintiff. On October 23, 2024, the court granted this motion. Local 295 seeks to represent persons and entities that purchased or otherwise acquired Lincoln National securities between November 4, 2020, and November 2, 2022, inclusive. Plaintiff alleges claims under Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934, and under SEC Rule 10b-5. Plaintiff alleges that, throughout the putative class period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations and prospects. Plaintiff alleges that Defendants failed to disclose to investors: (i) that the Company was experiencing a decline in its VUL business; (ii) that, as a result, the goodwill associated with the life insurance business was overstated; (iii) that, as a result, the Company’s policy lapse assumptions were outdated; (iv) that, as a result, the Company’s reserves were overstated; (v) that, as a result, the Company’s reported financial results and financial statements were misstated; and (vi) that, as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. The action seeks unspecified compensatory damages and attorney’s fees and costs. We are vigorously defending this matter. Lawrence Hollin, derivatively on behalf of Nominal Defendant Lincoln National Corporation v. Ellen G. Cooper, Dennis R. Glass, Randal J. Freitag, Deirdre P Connelly, William H. Cunningham, Reginald E. Davis, Eric G. Johnson, Gary C. Kelly, M. Leanne Lachman, Dale LeFebvre, Janet Liang, Michael F. Mee, Lynn M. Utter and Patrick S. Pittard (“Individual Defendants”) and Lincoln National Corporation (“Nominal Defendant”), No. 2:24-cv-02713, pending in the U.S. District Court for the Eastern District of Pennsylvania, is a complaint that was filed on June 20, 2024. Plaintiff Lawrence Hollin brings this verified stockholder derivative complaint purportedly on behalf of Nominal Defendant Lincoln National Corporation against the Individual Defendants , inter alia , for alleged breaches of fiduciary duties between at least November 4, 2020, and November 2, 2022 inclusive, and for alleged violations of the federal securities laws caused by the issuance of allegedly materially false and misleading statements issued, or caused to be issued, by the Individual Defendants in the Company’s SEC filings and other public statements. Plaintiff Hollin alleges claims against the Individual Defendants for violations of section 14(a) of the Exchange Act, 15 U.S.C. section 78n(a) and Rule 14a-9 (17 C.F.R. section 240.14a-9); for breach of fiduciary duties; for aiding and abetting breach of fiduciary duty; for unjust enrichment; and for waste of corporate assets. Plaintiff Hollin alleges that the Individual Defendants failed to disclose to investors: (i) that the Company was experiencing a decline in its VUL business; (ii) that, as a result, the goodwill associated with the life insurance business was overstated; (iii) that, as a result, the Company’s policy lapse assumptions were outdated; (iv) that, as a result, the Company’s reserves were overstated; (v) that, as a result, the Company’s reported financial results and financial statements were misstated; and (vi) that, as a result, the Individual Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Plaintiff Hollin alleges that the Company thereby suffered loss, injury, and damage. Among other relief, the action seeks, in favor of the Company, damages sustained by the Company, punitive damages and attorney’s fees and costs. On September 26, 2024, the court entered an order that, among other things, this case and the Wiersum case (discussed below) be consolidated for all purposes under the matter name In Re. Lincoln National Corporation Stockholder Derivative Litigation (No.: 2:24-cv-02713) and that all proceedings and deadlines in this matter be stayed until 30 days after resolution of all motions to dismiss (including the exhaustion of all related appeals) in the Meade matter discussed above. The Individual Defendants are vigorously defending this matter. Robert R. Wiersum, derivatively on behalf of Lincoln National Corporation v. Ellen G. Cooper, Dennis R. Glass, Randal J. Freitag, Deirdre P Connelly, William H. Cunningham, Reginald E. Davis, Eric G. Johnson, Gary C. Kelly, M. Leanne Lachman, Dale LeFebvre, Janet Liang, Michael F. Mee, Lynn M. Utter and Patrick S. Pittard (“Individual Defendants”) and Lincoln National Corporation (“Nominal Defendant”), No. 2:24-cv-03251, pending in the U.S. District Court for the Eastern District of Pennsylvania, is a complaint that was filed on July 23, 2024. Plaintiff Robert R. Wiersum brings this verified stockholder derivative complaint purportedly on behalf of Nominal Defendant Lincoln National Corporation against the Individual Defendants , inter alia , for alleged breaches of fiduciary duties between at least November 4, 2020, and the date of the filing, inclusive, and for alleged violations of the federal securities laws caused by the issuance of allegedly materially false and misleading statements issued, or caused to be issued, by the Individual Defendants in the Company’s SEC filings and other public statements. Plaintiff Wiersum alleges claims against the Individual Defendants for violations of section 14(a) of the Exchange Act, 15 U.S.C. section 78n(a) and Rule 14a-9 (17 C.F.R. section 240.14a-9); for breach of fiduciary duties; for unjust enrichment; and for waste of corporate assets. Plaintiff Wiersum alleges that the Individual Defendants failed to disclose to investors: (i) that the Company was experiencing a decline in its VUL business; (ii) that, as a result, the goodwill associated with the life insurance business was overstated; (iii) that, as a result, the Company’s policy lapse assumptions were outdated; (iv) that, as a result, the Company’s reserves were overstated; (v) that, as a result, the Company’s reported financial results and financial statements were misstated; and (vi) that, as a result, the Individual Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Plaintiff Wiersum alleges that the Company thereby suffered loss, injury, and damage. Among other relief, the action seeks, in favor of the Company, damages sustained by the Company and attorney’s fees and costs. On September 26, 2024, the court entered an order that, among other things, this case and the Hollin case (discussed above) be consolidated for all purposes under the matter name In Re. Lincoln National Corporation Stockholder Derivative Litigation (No.: 2:24-cv-02713) and that all proceedings and deadlines in this matter be stayed until 30 days after resolution of all motions to dismiss (including the exhaustion of all related appeals) in the Meade matter discussed above. The Individual Defendants are vigorously defending this matter. Kelly Grink v. Virtua Health and Lincoln National Corporation et al ., No. 1:24-cv-09919, is a putative class action filed on October 18, 2024, in the U.S. District Court for the District of New Jersey. Plaintiffs Kelly Grink and Diane Trump are participants in Virtua Health’s defined contribution plans. Plaintiffs seek to represent all current and former participants or beneficiaries of Virtua’s 401(k) savings plan and 403(b) retirement program who invested in the plan’s fixed annuity option in the six years prior to the filing of this lawsuit. Lincoln offers a fixed annuity investment option to plan participants through its group annuity contract with the plans. Lincoln also provides recordkeeping and administration services to the plans. Plaintiffs allege that the Virtua defendants acted in breach of their fiduciary duty including by maintaining the plans’ investment in the Lincoln stable value fund when other investment providers are alleged to have provided superior alternatives at substantially lower cost. Plaintiffs allege that Lincoln acted as a fiduciary with respect to the fixed annuity investment option and was a party in interest to a prohibited transaction under ERISA. The action seeks unspecified relief against Lincoln. We are vigorously defending this matter. Tax Assessment Proceeding Lincoln National Life Insurance Company v. Township of Radnor , pending in the Court of Common Pleas of Delaware County, Pennsylvania Civil Division, No. 2022-001894, is a de novo appeal filed by LNL on March 21, 2022, regarding a September 30, 2021, Notice of Tax Assessment issued by the Township of Radnor to LNL for additional business privilege tax (“BPT”) for the years 2014-2019/2020 estimate. The assessment was based on an audit undertaken by a third-party auditor and consultant to the Township of Radnor, following a periodic business review of LNL undertaken by the same individual in 2018. The assessment is comprised of taxes, interest and penalties for the period in question. LNL filed a motion for summary judgment, that was denied by the court. The trial of this matter began in October 2024 and is scheduled to continue in November 2024. We are vigorously defending this matter.

Shares and Stockholders_ Equity

Shares and Stockholders’ Equity	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Shares and Stockholders' Equity	Shares and Stockholders’ Equity Preferred Shares Preferred stock authorized, issued and outstanding (number of shares) was as follows: As of September 30, 2024 As of December 31, 2023 Shares Authorized Shares Issued Shares Outstanding Shares Authorized Shares Issued Shares Outstanding 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C 20,000 20,000 20,000 20,000 20,000 20,000 9.000% Non-Cumulative Preferred Stock, Series D 20,000 20,000 20,000 20,000 20,000 20,000 Not designated 9,960,000 – – 9,960,000 – – Total preferred shares 10,000,000 40,000 40,000 10,000,000 40,000 40,000 The per share and aggregate dividends declared for preferred stock by series (in millions except per share data) was as follows: For the Three Months Ended September 30, 2024 2023 Dividend Aggregate Dividend Aggregate Series Per Share Dividend Per Share Dividend Series C $ 1,156.25 $ 23 $ 1,156.25 $ 23 Series D 562.50 11 562.50 11 Total $ 1,718.75 $ 34 $ 1,718.75 $ 34 For the Nine Months Ended September 30, 2024 2023 Dividend Aggregate Dividend Aggregate Series Per Share Dividend Per Share Dividend Series C $ 2,312.50 $ 46 $ 1,792.19 $ 36 Series D 1,687.50 34 1,743.75 35 Total $ 4,000.00 $ 80 $ 3,535.94 $ 71 Common Shares The changes in our common stock (number of shares) were as follows: For the Three For the Nine 2024 2023 2024 2023 Common Stock Balance as of beginning-of-period 170,188,487 169,630,880 169,666,137 169,220,511 Stock compensation/issued for benefit 152,980 27,391 675,330 437,760 Balance as of end-of-period 170,341,467 169,658,271 170,341,467 169,658,271 Our common stock is without par value. Earnings Per Share The calculation of earnings per share (“EPS”) was as follows (in millions except per share data): For the Three For the Nine 2024 2023 2024 2023 Net income (loss) available to common stockholders – basic $ (562) $ 819 $ 1,508 $ 412 Net income (loss) available to common stockholders – diluted $ (562) $ 819 $ 1,511 $ 410 Weighted-average shares, as used in basic calculation 170,773,438 169,645,881 170,482,264 169,529,509 Incremental common shares from assumed exercise or issuance of stock-based incentive compensation awards 2,075,432 623,039 1,575,034 507,752 Average deferred compensation shares — 621,582 710,256 588,183 Weighted-average shares, as used in diluted calculation (1) 172,848,870 170,890,502 172,767,554 170,625,444 Net income (loss) per share: Basic $ (3.29) $ 4.82 $ 8.85 $ 2.43 Diluted (3.29) 4.79 8.75 2.40 (1) Due to reporting a net loss for the three months ended September 30, 2024, basic shares were used in the diluted EPS calculation for this period as the use of diluted shares would have resulted in a lower loss per share. In the event the average market price of LNC common stock exceeds the issue price of stock options and the options have a dilutive effect to our EPS, such options will be shown in the table above. We have participants in our deferred compensation plans who selected LNC stock as the measure for the investment return attributable to all or a portion of their deferral amounts. This obligation is settled in either cash or LNC stock pursuant to the applicable plan document. We exclude deferred units of LNC stock that are antidilutive from our diluted EPS calculation. The mark-to-market adjustment of these deferred units excluded from our diluted EPS calculation was less than $1 million for the three months ended September 30, 2023, a nd $(3) million and $2 million for the nine months ended September 30, 2024 and 2023, respectively. AOCI The following summarizes the components and changes in AOCI (in millions): For the Nine 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Balance as of beginning-of-year $ (5,188) $ (8,916) Unrealized holding gains (losses) arising during the period 1,555 (3,405) Change in foreign currency exchange rate adjustment 124 (21) Change in future contract benefits and policyholder account balances, net of reinsurance (382) 27 Income tax benefit (expense) (276) 707 Less: Reclassification adjustment for gains (losses) included in net income (loss) (163) (1,145) Income tax benefit (expense) 34 240 Balance as of end-of-period $ (4,038) $ (10,703) Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 375 $ 388 Unrealized holding gains (losses) arising during the period 305 231 Change in foreign currency exchange rate adjustment (121) 30 Income tax benefit (expense) (39) (55) Less: Reclassification adjustment for gains (losses) included in net income (loss) 60 68 Income tax benefit (expense) (13) (14) Balance as of end-of-period $ 473 $ 540 Market Risk Benefit Non-Performance Risk Gain (Loss) Balance as of beginning-of-year $ 1,070 $ 1,741 Adjustment arising during the period (367) (944) Income tax benefit (expense) 78 202 Balance as of end-of-period $ 781 $ 999 Policyholder Liability Discount Rate Remeasurement Gain (Loss) Balance as of beginning-of-year $ 587 $ 747 Adjustment arising during the period (209) 347 Income tax benefit (expense) 44 (73) Balance as of end-of-period $ 422 $ 1,021 Foreign Currency Translation Adjustment Balance as of beginning-of-year $ (26) $ (34) Foreign currency translation adjustment arising during the period 8 1 Balance as of end-of-period $ (18) $ (33) Funded Status of Employee Benefit Plans Balance as of beginning-of-year $ (294) $ (278) Adjustment arising during the period (8) (26) Balance as of end-of-period $ (302) $ (304) The following summarizes the reclassifications out of AOCI (in millions) and the associated line item on the Consolidated Statements of Comprehensive Income (Loss): For the Nine 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Reclassification $ (193) $ (1,175) Realized gain (loss) Associated change in future contract benefits 30 30 Benefits Reclassification before income tax benefit (expense) (163) (1,145) Income (loss) before taxes Income tax benefit (expense) 34 247 Federal income tax expense (benefit) Reclassification, net of income tax $ (129) $ (898) Net income (loss) Unrealized Gain (Loss) on Derivative Instruments Interest rate contracts (2) – Net investment income Interest rate contracts 20 22 Interest and debt expense Foreign currency contracts 41 42 Net investment income Foreign currency contracts 1 4 Realized gain (loss) Reclassifications before income tax benefit (expense) 60 68 Income (loss) before taxes Income tax benefit (expense) (13) (14) Federal income tax expense (benefit) Reclassifications, net of income tax $ 47 $ 54 Net income (loss)

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information We provide products and services and report results through our Annuities, Life Insurance, Group Protection and Retirement Plan Services segments. We also have Other Operations, which includes the financial data for operations that are not directly related to the business segments. Our reporting segments reflect the manner by which our CODM views and manages the business. A discussion of these segments and Other Operations is found in Note 20 to the Consolidated Financial Statements in our 2023 Form 10-K. Segment operating revenues and income (loss) from operations are internal measures used by our management and Board of Directors to evaluate and assess the results of our segments. In the third quarter of 2024, we revised our definition of income (loss) from operations to exclude the impact of certain items that are not indicative of the ongoing operations of the business and may obscure trends in the underlying performance of the Company. The revised definition now excludes, as applicable, certain legal accruals, severance expense related to initiatives that realign the workforce, mark-to-market adjustment related to the LNC stock component of our deferred compensation plans, impacts from the settlement or curtailment of defined benefit obligations and the effect of tax adjustments such as changes to deferred tax valuation allowances from the definition of income (loss) from operations. The presentation of prior period income (loss) from operations has been recast to conform to the current period presentation. Income (loss) from operations is GAAP net income excluding the following items, as applicable: • Items related to annuity product features, which include changes in MRBs, including gains and losses and benefit payments, changes in the fair value of the derivative instruments we hold to hedge GLB and GDB riders, net of fee income allocated to support the cost of hedging them, and changes in the fair value of the embedded derivative liabilities of our indexed annuity contracts and the associated index options we hold to hedge them, including collateral expense associated with the hedge program (collectively, “net annuity product features”); • Items related to life insurance product features, which include changes in the fair value of derivatives we hold as part of VUL hedging, changes in reserves resulting from benefit ratio unlocking associated with the impact of capital markets, and changes in the fair value of the embedded derivative liabilities of our IUL contracts and the associated index options we hold to hedge them (collectively, “net life insurance product features”); • Credit loss-related adjustments on fixed maturity AFS securities, mortgage loans on real estate and reinsurance-related assets (“credit loss-related adjustments”); • Changes in the fair value of equity securities, certain derivatives, certain other investments and realized gains (losses) on sales, disposals and impairments of financial assets (collectively, “investment gains (losses)”); • Changes in the fair value of reinsurance-related embedded derivatives, trading securities and mortgage loans on real estate electing the fair value option (“changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans”); • Income (loss) from the initial adoption of new accounting standards, accounting policy changes and new regulations, including changes in tax law; • Income (loss) from reserve changes, net of related amortization, on business sold through reinsurance; • Losses from the impairment of intangible assets and gains (losses) on other non-financial assets; • Income (loss) from discontinued operations; • Other items, which include the following: certain legal accruals; severance expense related to initiatives that realign the workforce; transaction and integration costs related to mergers and acquisitions including the acquisition or divestiture, through reinsurance or other means, of businesses or blocks of business; mark-to-market adjustment related to the LNC stock component of our deferred compensation plans (“deferred compensation mark-to-market adjustment”); gains (losses) on modification or early extinguishment of debt; and impacts from settlement or curtailment of defined benefit obligations; and • Income tax benefit (expense) related to the above pre-tax items, including the effect of tax adjustments such as changes to deferred tax valuation allowances. Operating revenues represent GAAP revenues excluding the effects of the following items, as applicable: • Changes in the fair value of the derivative instruments we hold to hedge GLB and GDB riders, net of fee income allocated to support the cost of hedging them, and changes in the fair value of the embedded derivative liabilities of our indexed annuity and IUL contracts and the associated index options we hold to hedge them (collectively, “revenue adjustments from annuity and life insurance product features”); • Credit loss-related adjustments; • Investment gains (losses); • Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans; • Revenue adjustments from the initial adoption of new accounting standards; • Amortization of deferred gains arising from reserve changes on business sold through reinsurance; and • Gains (losses) on other non-financial assets. We use our prevailing corporate federal income tax rate of 21%, where applicable, net of the impacts related to dividends-received deduction and foreign tax credits and any other permanent differences for events recognized differently in our consolidated financial statements and federal income tax returns. The tables below reconcile our segment measures of performance to the GAAP measures presented on the Consolidated Statements of Comprehensive Income (Loss) (in millions): For the Three For the Nine 2024 2023 2024 2023 Revenues Operating revenues: Annuities $ 1,195 $ 1,197 $ 3,673 $ 3,528 Life Insurance 1,589 1,723 4,640 5,241 Group Protection 1,432 1,388 4,299 4,176 Retirement Plan Services 335 327 984 988 Other Operations 52 38 118 127 Revenue adjustments from annuity and life insurance product features 149 (14) (325) (1,908) Credit loss-related adjustments (88) (27) (124) (53) Investment gains (losses) (1) (105) (400) (416) (1,126) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans (2) (446) (29) (51) (27) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses (3) (2) – 582 – Total revenues $ 4,111 $ 4,203 $ 13,380 $ 10,946 For the Three For the Nine 2024 2023 (4) 2024 2023 (4) Net Income (Loss) Income (loss) from operations: Annuities $ 301 $ 248 $ 857 $ 794 Life Insurance 22 (173) (48) (153) Group Protection 109 68 318 247 Retirement Plan Services 44 43 120 133 Other Operations (84) (102) (276) (293) Net annuity product features, pre-tax (381) 1,322 1,319 1,076 Net life insurance product features, pre-tax (125) 108 (253) (168) Credit loss-related adjustments, pre-tax (88) (27) (124) (53) Investment gains (losses), pre-tax (1) (105) (400) (416) (1,126) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans, pre-tax (2) (446) (29) (51) (27) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses, pre-tax (3) (2) – 582 – Other items, pre-tax (5) (6) (7) (8) (19) (12) (238) (23) Income tax benefit (expense) related to the above pre-tax items 246 (193) (202) 76 Net income (loss) $ (528) $ 853 $ 1,588 $ 483 (1) The three and nine months ended September 30, 2023, include impairments of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company’s intent to sell these securities as part of the fourth quarter 2023 reinsurance transaction. See Notes 3 7 (2) Includes primarily changes in the fair value of the embedded derivative related to the fourth quarter 2023 reinsurance transaction. For more information, see Note 7 (3) For information on the sale of our wealth management business, including the statutory capital benefit, see Note 1 (4) The prior period presentation has been recast to conform to the revised definition of income (loss) from operations. (5) Includes certain legal accruals of $(12) million in the third quarter of 2023 and $(114) million primarily related to the settlement of cost of insurance litigation in the first quarter of 2024. (6) Includes severance expense related to initiatives that realign the workforce of $(3) million, $(3) million, $(49) million, $(7) million and $(16) million in the first quarter of 2023, second quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively. (7) Includes transaction and integration costs related to mergers, acquisitions and divestitures of $(9) million, $(1) million, $(10) million, $(27) million and $(2) million for the second quarter of 2023, third quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively. (8) Includes deferred compensation mark-to-market adjustment of $12 million, $(8) million, $1 million, $(13) million, $1 million and $(1) million in the first quarter of 2023, second quarter of 2023, third quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively. Other segment information (in millions) was as follows: As of As of 2024 2023 Assets Annuities $ 202,827 $ 185,599 Life Insurance 115,397 108,932 Group Protection 9,216 9,714 Retirement Plan Services 49,533 46,793 Other Operations 19,867 21,375 Total assets $ 396,840 $ 372,413

Realized Gain (Loss)

Realized Gain (Loss)	9 Months Ended
	Sep. 30, 2024
Realized Gain (Loss) [Abstract]
Realized Gain (Loss)	Realized Gain (Loss) Realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss) includes realized gains and losses from the sale of investments, write-downs for impairments of investments and changes in the allowance for credit losses for financial assets, changes in fair value for mortgage loans on real estate accounted for under the fair value option, changes in fair value of equity securities, VUL derivative and embedded derivative gains and losses, gains and losses on the sale of subsidiaries and businesses and net gains and losses on reinsurance-related embedded derivatives and trading securities. Realized gains and losses on the sale of investments are determined using the specific identification method. Realized gain (loss) is also net of allocations of investment gains and losses to certain policyholders, certain funds withheld on reinsurance arrangements and certain modified coinsurance arrangements for which we have a contractual obligation. Details underlying realized gain (loss) (in millions) were as follows: For the Three For the Nine 2024 2023 2024 2023 Fixed maturity AFS securities: Gross gains $ 3 $ 1 $ 11 $ 35 Gross losses (38) (3) (204) (119) Credit loss benefit (expense) (1) (14) (1) (40) (17) Intent to sell impairments (2) – (467) – (1,091) Realized gain (loss) on equity securities (3) 6 8 18 (20) Credit loss benefit (expense) on mortgage loans on real estate (47) (9) (65) (16) Credit loss benefit (expense) on reinsurance-related assets (27) (16) (19) (20) Realized gain (loss) on the mark-to-market on certain instruments (4)(5) (623) 128 (523) (147) Indexed product derivative results (6) 120 4 342 (199) Derivative results (7) 209 (81) (258) (1,454) Realized gain (loss) on subsidiaries/businesses (8) (2) – 582 – Other realized gain (loss) (18) (17) (45) (18) Total realized gain (loss) $ (431) $ (453) $ (201) $ (3,066) (1) Includes changes in the allowance for credit losses as well as direct write-downs to amortized cost as a result of negative credit events. (2) The three and nine months ended September 30, 2023, include impairments of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company’s intent to sell these securities as part of the fourth quarter 2023 reinsurance transaction. See Notes 3 7 (3) Includes mark-to-market adjustments on equity securities still held of $6 million and $9 million for the three months ended September 30, 2024 and 2023, respectively, and $21 million and $(22) million for the nine months ended September 30, 2024 and 2023, respectively. (4) Represents changes in the fair values of derivatives we hold as part of VUL hedging, reinsurance-related embedded derivatives and trading securities. (5) Includes gains and losses from fair value changes on mortgage loans on real estate accounted for under the fair value option of $1 million and $2 million for the three months ended September 30, 2024 and 2023, respectively, and $4 million and $1 million for the nine months ended September 30, 2024 and 2023, respectively. (6) Represents the change in fair value of the index options that we hold and the change in the fair value of the embedded derivative liabilities of our indexed annuity and IUL contracts, and the associated index options to hedge policyholder index allocations applicable to future reset periods for our indexed annuity products. (7) Includes the change in the fair value of the derivative instruments we own to support capital needs associated with our GLB and GDB riders net of fee income allocated to support the cost of purchasing the hedging instruments. (8) For information on the sale of the wealth management business, see Note 1

Federal Income Taxes

Federal Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Federal Income Taxes	Federal Income Taxes The effective tax rate is the ratio of tax expense (benefit) over pre-tax income (loss). The effective tax rate was 25% and 17% for the three and nine months ended September 30, 2024, respectively, compared to 18% and (4)%, respectively, for the corresponding periods in 2023. The effective tax rate on pre-tax income is typically lower than the prevailing corporate federal income tax rate of 21% due to benefits from preferential tax items including the separate account dividends-received deduction and tax credits. For the three months ended September 30, 2024, the effective tax rate differed from the prevailing corporate federal income tax rate due primarily to a tax benefit at 21% from pre-tax losses in addition to the effects of preferential tax items. For the nine months ended September 30, 2024, the effective tax rate differed from the prevailing corporate federal income tax rate due primarily to the effects of preferential tax items. For the three months ended September 30, 2023, the effective tax rate differed from the prevailing corporate federal income tax rate due primarily to the effects of preferential tax items. For the nine months ended September 30, 2023, the effective tax rate differed from the prevailing corporate federal income tax rate due primarily to the effects of preferential tax items exceeding the tax expense at 21% on pre-tax income.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ (528)	$ 853	$ 1,588	$ 483

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements are prepared in accordance with United States of America generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for the Securities and Exchange Commission (“SEC”) Quarterly Report on Form 10-Q, including Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The information contained in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”), should be read in connection with the reading of these interim unaudited consolidated financial statements.
Segment Reporting	We present disaggregated disclosures in the Notes below for long-duration insurance balances, applying the level of aggregation by reportable segment as follows: Reportable Segment Level of Aggregation Annuities Variable Annuities Fixed Annuities Payout Annuities Life Insurance Traditional Life UL and Other Group Protection Group Protection Retirement Plan Services Retirement Plan Services The variable annuities level of aggregation includes RILA products, which are indexed variable annuities. The fixed annuities level of aggregation represents deferred fixed annuities. We have excluded amounts reported in Other Operations from our disaggregated disclosures that are attributable to the indemnity reinsurance agreements with Protective Life Insurance Company (“Protective”) and Swiss Re Life & Health America, Inc (“Swiss Re”) as these contracts are fully reinsured, run-off institutional pension business in the form of group annuity and the results of certain disability income business.
New Accounting Standards	Adoption of New Accounting Standards In the current period, we did not adopt any new Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board that were material in presentation or amount. Future Adoption of New Accounting Standards The following table provides a description of future adoptions of new ASUs that may have an impact on our consolidated financial statements when adopted. ASUs not listed below were assessed and determined to be either not applicable or insignificant in presentation or amount. Standard Description Effective Date Effect on Financial Statements or Other Significant Matters ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU aims to enhance reportable segment disclosure requirements. It requires that a public entity disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), disclose and describe other segment items and report additional measures of a segment’s profit or loss if used by the CODM. January 1, 2024 (Annual Filings) and January 1, 2025 (Quarterly Filings) We are evaluating the impact of this ASU to our consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures This ASU establishes new income tax disclosure requirements, along with adjusting certain existing requirements. It specifically requires expanded and disaggregated disclosures around the tax rate reconciliation. January 1, 2025 We are evaluating the impact of this ASU to our consolidated financial statements.

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Segment Reporting Information, by Segment	We present disaggregated disclosures in the Notes below for long-duration insurance balances, applying the level of aggregation by reportable segment as follows: Reportable Segment Level of Aggregation Annuities Variable Annuities Fixed Annuities Payout Annuities Life Insurance Traditional Life UL and Other Group Protection Group Protection Retirement Plan Services Retirement Plan Services

New Accounting Standards (Table

New Accounting Standards (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	The following table provides a description of future adoptions of new ASUs that may have an impact on our consolidated financial statements when adopted. ASUs not listed below were assessed and determined to be either not applicable or insignificant in presentation or amount. Standard Description Effective Date Effect on Financial Statements or Other Significant Matters ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU aims to enhance reportable segment disclosure requirements. It requires that a public entity disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), disclose and describe other segment items and report additional measures of a segment’s profit or loss if used by the CODM. January 1, 2024 (Annual Filings) and January 1, 2025 (Quarterly Filings) We are evaluating the impact of this ASU to our consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures This ASU establishes new income tax disclosure requirements, along with adjusting certain existing requirements. It specifically requires expanded and disaggregated disclosures around the tax rate reconciliation. January 1, 2025 We are evaluating the impact of this ASU to our consolidated financial statements.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments [Abstract]
Schedule of Available-for-Sale Securities Reconciliation	The amortized cost, gross unrealized gains and losses, allowance for credit losses and fair value of fixed maturity available-for-sale (“AFS”) securities (in millions) were as follows: As of September 30, 2024 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 76,437 $ 1,035 $ 7,221 $ 17 $ 70,234 U.S. government bonds 416 7 25 – 398 State and municipal bonds 2,848 52 333 – 2,567 Foreign government bonds 283 16 47 – 252 RMBS 2,009 36 156 7 1,882 CMBS 1,766 12 135 – 1,643 ABS 13,681 126 340 23 13,444 Hybrid and redeemable preferred securities 248 27 12 1 262 Total fixed maturity AFS securities $ 97,688 $ 1,311 $ 8,269 $ 48 $ 90,682 As of December 31, 2023 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 77,085 $ 852 $ 8,272 $ 8 $ 69,657 U.S. government bonds 416 6 29 – 393 State and municipal bonds 3,106 101 417 – 2,790 Foreign government bonds 314 16 47 – 283 RMBS 1,948 28 197 6 1,773 CMBS 1,622 5 203 – 1,424 ABS 12,698 62 585 4 12,171 Hybrid and redeemable preferred securities 244 21 17 1 247 Total fixed maturity AFS securities $ 97,433 $ 1,091 $ 9,767 $ 19 $ 88,738
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of fixed maturity AFS securities by contractual maturities (in millions) as of September 30, 2024, were as follows: Amortized Cost Fair Value Due in one year or less $ 4,724 $ 4,697 Due after one year through five years 17,756 17,435 Due after five years through ten years 13,742 13,028 Due after ten years 44,010 38,553 Subtotal 80,232 73,713 Structured securities (RMBS, CMBS, ABS) 17,456 16,969 Total fixed maturity AFS securities $ 97,688 $ 90,682
Schedule of Available-for-Sale Securities Unrealized Loss Position	The fair value and gross unrealized losses of fixed maturity AFS securities (dollars in millions) for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: As of September 30, 2024 Less Than or Equal Greater Than Twelve Months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 26,120 $ 3,992 $ 26,231 $ 3,229 $ 52,351 $ 7,221 U.S. government bonds 38 2 223 23 261 25 State and municipal bonds 985 192 709 141 1,694 333 Foreign government bonds 49 18 100 29 149 47 RMBS 472 57 764 99 1,236 156 CMBS 731 66 515 69 1,246 135 ABS 2,871 119 3,898 221 6,769 340 Hybrid and redeemable preferred securities 18 3 89 9 107 12 Total fixed maturity AFS securities $ 31,284 $ 4,449 $ 32,529 $ 3,820 $ 63,813 $ 8,269 Total number of fixed maturity AFS securities in an unrealized loss position 6,458 As of December 31, 2023 Less Than or Equal Greater Than Twelve Months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 14,005 $ 3,270 $ 34,595 $ 5,002 $ 48,600 $ 8,272 U.S. government bonds 65 6 195 23 260 29 State and municipal bonds 371 72 874 345 1,245 417 Foreign government bonds 111 31 57 16 168 47 RMBS 360 20 886 177 1,246 197 CMBS 583 56 589 147 1,172 203 ABS 1,900 68 7,217 517 9,117 585 Hybrid and redeemable preferred securities 32 3 95 14 127 17 Total fixed maturity AFS securities $ 17,427 $ 3,526 $ 44,508 $ 6,241 $ 61,935 $ 9,767 Total number of fixed maturity AFS securities in an unrealized loss position 7,605 (1) As of September 30, 2024, and December 31, 2023, we recognized $15 million and $8 million of gross unrealized losses, respectively, in other comprehensive income (loss) (“OCI”) for fixed maturity AFS securities for which an allowance for credit losses has been recorded. The fair value, gross unrealized losses (in millions) and number of fixed maturity AFS securities where the fair value had declined and remained below amortized cost by greater than 20% were as follows: As of September 30, 2024 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 700 $ 254 294 Six months or greater, but less than nine months 80 35 42 Nine months or greater, but less than twelve months 1,658 639 367 Twelve months or greater 3,300 1,285 597 Total $ 5,738 $ 2,213 1,300 As of December 31, 2023 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 2,492 $ 927 533 Six months or greater, but less than nine months 343 96 79 Nine months or greater, but less than twelve months 336 109 90 Twelve months or greater 4,094 2,922 997 Total $ 7,265 $ 4,054 1,699 (1)
Debt Securities, Available-for-Sale	Changes in the allowance for credit losses on fixed maturity AFS securities (in millions), aggregated by investment category, were as follows: For the Three Months Ended September 30, 2024 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 13 $ 6 $ 19 $ 1 $ 39 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 6 – 1 – 7 Additions (reductions) for securities for which credit losses were previously recognized 4 1 3 – 8 Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 17 $ 7 $ 23 $ 1 $ 48 For the Nine Months Ended September 30, 2024 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-year $ 8 $ 6 $ 4 $ 1 $ 19 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 8 – 15 – 23 Additions (reductions) for securities for which credit losses were previously recognized 12 1 4 – 17 Reductions for disposed securities – – – – – Reductions for securities charged-off (11) – – – (11) Balance as of end-of-period (2) $ 17 $ 7 $ 23 $ 1 $ 48 For the Three Months Ended September 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 13 $ 6 $ 5 $ 1 $ 25 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 1 – – – 1 Additions (reductions) for securities for which credit losses were previously recognized – – – – – Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 9 $ 6 $ 5 $ 1 $ 21 For the Nine Months Ended September 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-year $ 9 $ 7 $ 5 $ 1 $ 22 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were . not previously recognized 21 – – – 21 Additions (reductions) for securities for which credit losses were previously recognized (2) (1) – – (3) Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (18) – – – (18) Balance as of end-of-period (2) $ 9 $ 6 $ 5 $ 1 $ 21 (1) Represents purchased credit-deteriorated (“PCD”) fixed maturity AFS securities. (2) As of September 30, 2024 and 2023, accrued investment income on fixed maturity AFS securities totaled $927 million and $1.2 billion, respectively, and was excluded from the estimate of credit losses.
Composition of Current and Past Due Mortgage Loans on Real Estate	The following provides the current and past due composition of our mortgage loans on real estate (in millions): As of September 30, 2024 As of December 31, 2023 Commercial Residential Total Commercial Residential Total Current $ 17,684 $ 3,064 $ 20,748 $ 17,256 $ 1,665 $ 18,921 30 to 59 days past due 85 34 119 61 28 89 60 to 89 days past due – 20 20 – 9 9 90 or more days past due 55 60 115 – 60 60 Allowance for credit losses (123) (47) (170) (86) (28) (114) Unamortized premium (discount) (16) 73 57 (7) 43 36 Mark-to-market gains (losses) (1) (33) – (33) (37) (1) (38) Total carrying value $ 17,652 $ 3,204 $ 20,856 $ 17,187 $ 1,776 $ 18,963 (1) Represents the mark-to-market on certain mortgage loans on real estate that support our modified coinsurance agreements where the investment results are passed directly to the reinsurers, and for which we have elected the fair value option. As of September 30, 2024, the amortized cost and fair value of such mortgage loans on real estate that were in nonaccrual status was $30 million and $21 million, respectively. As of December 31, 2023, the amortized cost and fair value of such mortgage loans on real estate that were in nonaccrual status was less than $1 million. As of September 30, 2024 and December 31, 2023, there were no such mortgage loans on real estate that were more than 90 days past due and still accruing interest. See Note 13
Amortized Cost of Mortgage Loans on Real Estate on Nonaccrual Status	The amortized cost of mortgage loans on real estate on nonaccrual status (in millions) was as follows, excluding certain mortgage loans on real estate that support our modified coinsurance agreements where the investment results are passed directly to the reinsurers: As of September 30, 2024 As of December 31, 2023 Commercial mortgage loans on real estate $ 16 $ – Residential mortgage loans on real estate 62 62 Total $ 78 $ 62
Financing Receivable Credit Quality Indicators	The amortized cost of commercial mortgage loans on real estate (dollars in millions) by year of origination and credit quality indicator was as follows: As of September 30, 2024 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2024 $ 1,197 1.64 $ 58 1.30 $ – – $ 1,255 2023 1,378 1.75 45 1.36 – – 1,423 2022 1,731 2.05 95 1.55 5 1.31 1,831 2021 2,307 3.08 47 1.52 – – 2,354 2020 1,177 3.16 4 1.53 – – 1,181 2019 and prior 9,629 2.35 127 1.58 8 1.30 9,764 Total $ 17,419 $ 376 $ 13 $ 17,808 As of December 31, 2023 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2023 $ 1,368 1.90 $ 54 1.38 $ – – $ 1,422 2022 1,710 2.06 140 1.54 – – 1,850 2021 2,335 3.34 61 1.55 – – 2,396 2020 1,214 3.24 11 1.38 – – 1,225 2019 2,446 2.40 80 1.56 10 2.33 2,536 2018 and prior 7,789 2.39 78 1.60 14 0.87 7,881 Total $ 16,862 $ 424 $ 24 $ 17,310 As of September 30, 2024 Performing Nonperforming Total Origination Year 2024 $ 1,260 $ – $ 1,260 2023 790 7 797 2022 498 26 524 2021 435 13 448 2020 70 2 72 2019 and prior 136 14 150 Total $ 3,189 $ 62 $ 3,251 As of December 31, 2023 Performing Nonperforming Total Origination Year 2023 $ 515 $ 2 $ 517 2022 533 22 555 2021 465 18 483 2020 78 3 81 2019 99 13 112 2018 and prior 53 4 57 Total $ 1,743 $ 62 $ 1,805
Changes in Allowance for Credit Losses on Mortgage Loans on Real Estate	Changes in the allowance for credit losses on mortgage loans on real estate (in millions) were as follows: For the Three Months Ended Commercial Residential Total Balance as of beginning-of-period $ 93 $ 40 $ 133 Additions (reductions) from provision for credit loss expense (1) 40 7 47 Additions from purchases of PCD mortgage loans on real estate – – – Reductions for mortgage loans on real estate charged-off (10) – (10) Balance as of end-of-period (2) $ 123 $ 47 $ 170 For the Nine Months Ended Commercial Residential Total Balance as of beginning-of-year $ 86 $ 28 $ 114 Additions (reductions) from provision for credit loss expense (1) 47 19 66 Additions from purchases of PCD mortgage loans on real estate – – – Reductions for mortgage loans on real estate charged-off (10) – (10) Balance as of end-of-period (2) $ 123 $ 47 $ 170 For the Three Months Ended Commercial Residential Total Balance as of beginning-of-period $ 82 $ 23 $ 105 Additions (reductions) from provision for credit loss expense (1) 7 1 8 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 89 $ 24 $ 113 For the Nine Months Ended Commercial Residential Total Balance as of beginning-of-year $ 84 $ 15 $ 99 Additions (reductions) from provision for credit loss expense (1) 5 9 14 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 89 $ 24 $ 113 (1) We recognized less than $1 million and $(1) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the three months ended September 30, 2024 and 2023, respectively, and $1 million and $(2) million for the nine months ended September 30, 2024 and 2023, respectively. (2) Accrued investment income on mortgage loans on real estate totaled $89 million and $54 million as of September 30, 2024 and 2023, respectively, and was excluded from the estimate of credit losses.
Credit Loss Expense Incurred	Details underlying intent to sell impairments and credit loss benefit (expense) incurred as a result of impairments that were recognized in net income (loss) and included in realized gain (loss) on fixed maturity AFS securities (in millions) were as follows: For the Three For the Nine 2024 2023 2024 2023 Intent to Sell Impairments (1) Fixed maturity AFS securities: Corporate bonds $ – $ (422) $ – $ (941) State and municipal bonds – (28) – (48) RMBS – (9) – (28) CMBS – (5) – (36) ABS – (2) – (37) Hybrid and redeemable preferred securities – (1) – (1) Total intent to sell impairments $ – $ (467) $ – $ (1,091) Credit Loss Benefit (Expense) Fixed maturity AFS securities: Corporate bonds $ (9) $ (1) $ (20) $ (18) RMBS (1) – (1) 1 ABS (4) – (19) – Total credit loss benefit (expense) $ (14) $ (1) $ (40) $ (17) (1)
Payables for Collateral on Investments	The carrying value of the payables for collateral on investments included on the Consolidated Balance Sheets and the fair value of the related investments or collateral (in millions) consisted of the following: As of September 30, 2024 As of December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Collateral payable for derivative investments (1) $ 7,185 $ 7,185 $ 5,250 $ 5,250 Securities pledged under securities lending agreements (2) 185 178 205 197 Investments pledged for FHLBI (3) 3,200 4,548 2,650 3,603 Total payables for collateral on investments $ 10,570 $ 11,911 $ 8,105 $ 9,050 (1) We obtain collateral based upon contractual provisions with our counterparties. These agreements take into consideration the counterparties’ credit rating as compared to ours, the fair value of the derivative investments and specified thresholds that if exceeded result in the receipt of cash that is typically invested in cash and invested cash or fixed maturity AFS securities. This also includes interest payable on collateral. See Note 5 (2) Our pledged securities under securities lending agreements are included in fixed maturity AFS securities on the Consolidated Balance Sheets. We generally obtain collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. We value collateral daily and obtain additional collateral when deemed appropriate. The cash received in our securities lending program is typically invested in cash and invested cash or fixed maturity AFS securities. (3) Our pledged investments for Federal Home Loan Bank (“FHLB”) of Indianapolis (“FHLBI”) are included in fixed maturity AFS securities and mortgage loans on real estate on the Consolidated Balance Sheets. The collateral requirements are generally 105% to 115% of the fair value for fixed maturity AFS securities and 155% to 175% of the fair value for mortgage loans on real estate. The cash received in these transactions is primarily invested in cash and invested cash or fixed maturity AFS securities.
Schedule of Increase (Decrease) in Payables for Collateral on Investments	Increase (decrease) in payables for collateral on investments (in millions) consisted of the following: For the Nine 2024 2023 Collateral payable for derivative investments $ 1,935 $ 1,552 Securities pledged under securities lending agreements (20) (8) Investments pledged for FHLBI 550 (210) Total increase (decrease) in payables for collateral on investments $ 2,465 $ 1,334
Schedule of Securities Pledged by Contractual Maturity	The remaining contractual maturities of securities lending transactions accounted for as secured borrowings (in millions) were as follows: As of September 30, 2024 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 168 $ – $ – $ – $ 168 Equity securities 17 – – – 17 Total gross secured borrowings $ 185 $ – $ – $ – $ 185 As of December 31, 2023 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 202 $ – $ – $ – $ 202 Equity securities 3 – – – 3 Total gross secured borrowings $ 205 $ – $ – $ – $ 205

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2024
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	Asset information (dollars in millions) for the consolidated variable interest entities (“VIEs”) included on the Consolidated Balance Sheets was as follows: As of September 30, 2024 As of December 31, 2023 Number of Instruments Notional Amounts Carrying Value Number of Instruments Notional Amounts Carrying Value Assets Total return swap 1 $ 527 $ – 1 $ 544 $ –

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	Outstanding derivative instruments with off-balance-sheet risks (in millions) were as follows: As of September 30, 2024 As of December 31, 2023 Notional Amounts Fair Value Notional Amounts Fair Value Asset Liability Asset Liability Qualifying Hedges Cash flow hedges: Interest rate contracts (1) $ 1,345 $ 106 $ 5 $ 1,698 $ 181 $ 47 Foreign currency contracts (1) 4,830 432 83 4,662 423 78 Total cash flow hedges 6,175 538 88 6,360 604 125 Fair value hedges: Interest rate contracts (1) 1,066 1 50 1,081 1 39 Foreign currency contracts (1) 25 – 1 25 – 1 Total fair value hedges 1,091 1 51 1,106 1 40 Non-Qualifying Hedges Interest rate contracts (1) 68,999 54 230 90,829 636 979 Foreign currency contracts (1) 345 11 6 306 11 6 Equity market contracts (1) 250,790 15,539 6,332 225,626 10,244 4,227 Credit contracts (1) 112 – – 91 – – Embedded derivatives: Reinsurance-related (2) – – 668 – – 552 RILA, fixed indexed annuity and IUL contracts (3) – 1,132 12,270 – 940 9,077 Total derivative instruments $ 327,512 $ 17,275 $ 19,645 $ 324,318 $ 12,436 $ 15,006 (1) These asset and liability balances are presented on a gross basis. Amounts are reported in derivative investments and other liabilities on the Consolidated Balance Sheets after the evaluation for right of offset subject to master netting agreements. (2) Reported in funds withheld reinsurance liabilities on the Consolidated Balance Sheets. (3) Reported in policyholder account balances and deposit assets on the Consolidated Balance Sheets.
Schedule of Derivative Instruments	The maturity of the notional amounts of derivative instruments (in millions) was as follows: Remaining Life as of September 30, 2024 Less Than 1 - 5 6 - 10 11 - 30 Over 30 Total Interest rate contracts (1) $ 6,473 $ 18,712 $ 23,280 $ 22,347 $ 598 $ 71,410 Foreign currency contracts (2) 226 1,137 1,892 1,903 42 5,200 Equity market contracts 209,875 29,579 9,210 8 2,118 250,790 Credit contracts – 112 – – – 112 Total derivative instruments with notional amounts $ 216,574 $ 49,540 $ 34,382 $ 24,258 $ 2,758 $ 327,512 (1) As of September 30, 2024, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was April 20, 2067. (2) As of September 30, 2024, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was June 16, 2061.
Cumulative Basis Adjustments for Fair Value Hedges	The following amounts (in millions) were recorded on the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges: Amortized Cost of the Hedged Assets / (Liabilities) Cumulative Fair Value Hedging Adjustment Included in the Amortized Cost of the Hedged Assets / (Liabilities) As of As of December 31, 2023 As of As of December 31, 2023 Line Item in the Consolidated Balance Sheets in which the Hedged Item is Included Fixed maturity AFS securities, at fair value $ 521 $ 534 $ 42 $ 39 Long-term debt (1) (714) (703) 161 172 (1)
Change in Our Unrealized Gain on Derivative Instruments in AOCI	The change in our unrealized gain (loss) on derivative instruments within accumulated other comprehensive income (loss) (“AOCI”) (in millions) was as follows: For the Nine 2024 2023 Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 375 $ 388 Other comprehensive income (loss): Unrealized holding gains (losses) arising during the period: Cash flow hedges: Interest rate contracts 138 323 Foreign currency contracts 167 (92) Change in foreign currency exchange rate adjustment (121) 30 Income tax benefit (expense) (39) (55) Less: Reclassification adjustment for gains (losses) included in net income (loss): Cash flow hedges: Interest rate contracts (1) (2) – Interest rate contracts (2) 20 22 Foreign currency contracts (1) 41 42 Foreign currency contracts (3) 1 4 Income tax benefit (expense) (13) (14) Balance as of end-of-period $ 473 $ 540 (1) The OCI offset is reported within net investment income on the Consolidated Statements of Comprehensive Income (Loss). (2) The OCI offset is reported within interest and debt expense on the Consolidated Statements of Comprehensive Income (Loss). (3) The OCI offset is reported within realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss).
Effects of Qualifying and Non-Qualifying Hedges	The effects of qualifying and non-qualifying hedges (in millions) on the Consolidated Statements of Comprehensive Income (Loss) were as follows: Gain (Loss) Recognized in Income 2024 2023 Realized Gain (Loss) Net Investment Income Interest and Debt Expense Realized Gain (Loss) Net Investment Income Interest and Debt Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ (431) $ 1,411 $ 86 $ (453) $ 1,494 $ 84 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – 27 (34) – (41) 46 Derivatives designated as hedging instruments – (27) 34 – 41 (46) Foreign currency contracts: Hedged items – 1 – – – – Derivatives designated as hedging instruments – (1) – – – – Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income – (1) 5 – – 8 Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 2 12 – 2 14 – Non-Qualifying Hedges Interest rate contracts 370 – – (604) – – Foreign currency contracts (1) – – – – – Equity market contracts 1,108 – – 163 – – Commodity contracts – – – (1) – – Embedded derivatives: Reinsurance-related (513) – – 24 – – RILA, fixed indexed annuity and IUL contracts (707) – – 572 – – Gain (Loss) Recognized in Income 2024 2023 Realized Gain (Loss) Net Investment Income Interest and Debt Expense Realized Gain (Loss) Net Investment Income Interest and Debt Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ (201) $ 4,090 $ 253 $ (3,066) $ 4,468 $ 250 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – 3 (11) – (44) 41 Derivatives designated as hedging instruments – (3) 11 – 44 (41) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income – (2) 20 – – 22 Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 1 41 – 4 42 – Non-Qualifying Hedges Interest rate contracts 93 – – (593) – – Foreign currency contracts (1) – – (2) – – Equity market contracts 4,060 – – 913 – – Commodity contracts – – – 10 – – Credit contracts – – – (2) – – Embedded derivatives: Reinsurance-related (116) – – (23) – – RILA, fixed indexed annuity and IUL contracts (2,677) – – (1,706) – –
Schedule of Credit Derivatives	Information related to our CDSs for which we are the seller (dollars in millions) was as follows: As of September 30, 2024 Credit Contract Type Maturity Reason for Entering Name of Recourse Credit Rating of Underlying Obligation (1) Number of Instruments Fair Value (2) Maximum Potential Payout Basket CDSs 6/20/2029 (3) (4) BBB+ 2 $ 3 $ 112 (1) Represents average credit ratings based on the midpoint of the applicable ratings among Moody’s, S&P and Fitch Ratings, as scaled to the corresponding S&P ratings. (2) Third-party valuation specialists are used to determine the market value of our CDSs. (3) CDSs were entered into in order to hedge the liability exposure on certain variable annuity products. (4) Sellers do not have the right to demand indemnification or compensation from third parties in case of a loss (payment) on the contract. Details underlying the associated collateral of our CDSs for which we are the seller if credit risk-related contingent features were triggered (in millions) were as follows: As of As of Maximum potential payout $ 112 $ – Less: Counterparty thresholds – – Maximum collateral potentially required to post $ 112 $ –
Schedule of Collateral Amounts With Rights to Reclaim or Obligation to Return Cash	The amounts recognized (in millions) by S&P credit rating of counterparty, for which we had the right to reclaim cash collateral or were obligated to return cash collateral, were as follows: As of September 30, 2024 As of December 31, 2023 S&P Collateral Collateral Collateral Collateral AA- $ 2,604 $ (7) $ 2,378 $ (63) A+ 3,791 (1) 2,496 (125) A 70 – 82 – A- 691 – 273 – Total cash collateral $ 7,156 $ (8) $ 5,229 $ (188)
Schedule of Offsetting Assets	Information related to the effects of offsetting on the Consolidated Balance Sheets (in millions) was as follows: As of September 30, 2024 Derivative Embedded Total Financial Assets Gross amount of recognized assets $ 16,152 $ 1,132 $ 17,284 Gross amounts offset (6,630) – (6,630) Net amount of assets 9,522 1,132 10,654 Gross amounts not offset: Cash collateral (7,156) – (7,156) Non-cash collateral (1) (2,366) – (2,366) Net amount $ – $ 1,132 $ 1,132 Financial Liabilities Gross amount of recognized liabilities $ 124 $ 12,938 $ 13,062 Gross amounts offset (38) – (38) Net amount of liabilities 86 12,938 13,024 Gross amounts not offset: Cash collateral (8) – (8) Non-cash collateral (19) – (19) Net amount $ 59 $ 12,938 $ 12,997 (1) Excludes excess non-cash collateral received of $1.4 billion, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. As of December 31, 2023 Derivative Embedded Total Financial Assets Gross amount of recognized assets $ 10,927 $ 940 $ 11,867 Gross amounts offset (4,453) – (4,453) Net amount of assets 6,474 940 7,414 Gross amounts not offset: Cash collateral (5,229) – (5,229) Non-cash collateral (1) (1,245) – (1,245) Net amount $ – $ 940 $ 940 Financial Liabilities Gross amount of recognized liabilities $ 967 $ 9,629 $ 10,596 Gross amounts offset (612) – (612) Net amount of liabilities 355 9,629 9,984 Gross amounts not offset: Cash collateral (188) – (188) Non-cash collateral (2) (167) – (167) Net amount $ – $ 9,629 $ 9,629 (1) Excludes excess non-cash collateral received of $1.3 billion, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. (2) Excludes excess non-cash collateral pledged of $82 million, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements.
Schedule of Offsetting Liabilities	Information related to the effects of offsetting on the Consolidated Balance Sheets (in millions) was as follows: As of September 30, 2024 Derivative Embedded Total Financial Assets Gross amount of recognized assets $ 16,152 $ 1,132 $ 17,284 Gross amounts offset (6,630) – (6,630) Net amount of assets 9,522 1,132 10,654 Gross amounts not offset: Cash collateral (7,156) – (7,156) Non-cash collateral (1) (2,366) – (2,366) Net amount $ – $ 1,132 $ 1,132 Financial Liabilities Gross amount of recognized liabilities $ 124 $ 12,938 $ 13,062 Gross amounts offset (38) – (38) Net amount of liabilities 86 12,938 13,024 Gross amounts not offset: Cash collateral (8) – (8) Non-cash collateral (19) – (19) Net amount $ 59 $ 12,938 $ 12,997 (1) Excludes excess non-cash collateral received of $1.4 billion, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. As of December 31, 2023 Derivative Embedded Total Financial Assets Gross amount of recognized assets $ 10,927 $ 940 $ 11,867 Gross amounts offset (4,453) – (4,453) Net amount of assets 6,474 940 7,414 Gross amounts not offset: Cash collateral (5,229) – (5,229) Non-cash collateral (1) (1,245) – (1,245) Net amount $ – $ 940 $ 940 Financial Liabilities Gross amount of recognized liabilities $ 967 $ 9,629 $ 10,596 Gross amounts offset (612) – (612) Net amount of liabilities 355 9,629 9,984 Gross amounts not offset: Cash collateral (188) – (188) Non-cash collateral (2) (167) – (167) Net amount $ – $ 9,629 $ 9,629 (1) Excludes excess non-cash collateral received of $1.3 billion, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. (2) Excludes excess non-cash collateral pledged of $82 million, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements.

DAC, VOBA, DSI and DFEL (Tables

DAC, VOBA, DSI and DFEL (Tables)	9 Months Ended
	Sep. 30, 2024
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]
Reconciliation of DAC, VOBA and DSI	The following table reconciles deferred acquisition costs (“DAC”), value of business acquired (“VOBA”) and deferred sales inducements (“DSI”) (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 DAC, VOBA and DSI Variable Annuities $ 3,911 $ 3,873 Fixed Annuities 431 455 Traditional Life 1,386 1,418 UL and Other 6,292 6,232 Group Protection 173 154 Retirement Plan Services 282 265 Total DAC, VOBA and DSI $ 12,475 $ 12,397
Reconciliation of DFEL	The following table reconciles deferred front-end loads (“DFEL”) (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 DFEL Variable Annuities $ 274 $ 278 UL and Other (1) 6,193 5,579 Other Operations (2) 50 44 Total DFEL $ 6,517 $ 5,901 (1) We reported $257 million of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of September 30, 2024, and December 31, 2023. (2) Represents DFEL reported in Other Operations attributable to the indemnity reinsurance agreement with Protective that is excluded from the following tables. We reported $50 million and $44 million of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of September 30, 2024, and December 31, 2023, respectively.
DAC	The following tables summarize the changes in DAC (in millions): For the Nine Months Ended September 30, 2024 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,751 $ 421 $ 1,376 $ 5,791 $ 154 $ 239 Deferrals 307 35 85 320 100 15 Amortization (262) (55) (111) (231) (81) (14) Balance as of end-of-period $ 3,796 $ 401 $ 1,350 $ 5,880 $ 173 $ 240 For the Nine Months Ended September 30, 2023 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,751 $ 439 $ 1,333 $ 5,605 $ 141 $ 236 Deferrals 269 31 148 346 79 16 Amortization (272) (51) (108) (221) (73) (14) Balance as of end-of-period $ 3,748 $ 419 $ 1,373 $ 5,730 $ 147 $ 238
VOBA	The following tables summarize the changes in VOBA (in millions): For the Nine Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 15 $ 42 $ 413 Deferrals – – 1 Amortization (2) (6) (29) Balance as of end-of-period $ 13 $ 36 $ 385 For the Nine Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 17 $ 50 $ 465 Deferrals – – 1 Amortization (2) (6) (33) Balance as of end-of-period $ 15 $ 44 $ 433
DSI	The following tables summarize the changes in DSI (in millions): For the Nine Months Ended Variable Fixed UL and Retirement Balance as of beginning-of-year $ 122 $ 19 $ 28 $ 26 Deferrals 1 – 1 17 Amortization (8) (2) (2) (1) Balance as of end-of-period $ 115 $ 17 $ 27 $ 42 For the Nine Months Ended Variable Fixed UL and Retirement Balance as of beginning-of-year $ 128 $ 23 $ 30 $ 17 Deferrals 4 – 1 5 Amortization (9) (3) (2) – Balance as of end-of-period $ 123 $ 20 $ 29 $ 22
DFEL	The following tables summarize the changes in DFEL (in millions): For the Nine For the Nine Variable UL and Variable UL and Balance as of beginning-of-year $ 278 $ 5,579 $ 286 $ 4,766 Deferrals 14 826 14 800 Amortization (18) (212) (20) (193) Balance as of end-of-period 274 6,193 280 5,373 Less: ceded DFEL – 257 – – Balance as of end-of-period, net of reinsurance $ 274 $ 5,936 $ 280 $ 5,373

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2024
Reinsurance Disclosures [Abstract]
Schedule of Assets in Support of Reserves	We held investments with a carrying value of $9.8 billion and $9.9 billion in support of reserves associated with the Fortitude Re transaction in a funds withheld arrangement as of September 30, 2024, and December 31, 2023, respectively, which consisted of the following (in millions): As of As of 2024 2023 Fixed maturity AFS securities $ 8,484 $ 8,867 Other investments 1,178 759 Cash and invested cash 82 141 Accrued investment income 100 103 Other assets – 1 Total $ 9,844 $ 9,871

MRBs (Tables)

MRBs (Tables)	9 Months Ended
	Sep. 30, 2024
Insurance [Abstract]
Reconciles of MRBs Assets and Liabilities	The following table reconciles market risk benefits (“MRBs”) (in millions) to MRB assets and MRB liabilities on the Consolidated Balance Sheets: As of September 30, 2024 As of December 31, 2023 Assets Liabilities Net (Assets) Liabilities Assets Liabilities Net (Assets) Liabilities Variable Annuities $ 4,448 $ 1,121 $ (3,327) $ 3,763 $ 1,583 $ (2,180) Fixed Annuities 73 147 74 96 128 32 Retirement Plan Services 44 4 (40) 35 5 (30) Total MRBs $ 4,565 $ 1,272 $ (3,293) $ 3,894 $ 1,716 $ (2,178)
Summary of Balances of Changes in Net MRB (Assets) Liabilities	The following table summarizes the balances of and changes in net MRB (assets) liabilities (in millions): As of or For the Nine As of or For the Nine Variable Annuities Fixed Annuities Retirement Plan Services Variable Annuities Fixed Annuities Retirement Plan Services Balance as of beginning-of-year $ (2,180) $ 32 $ (30) $ (662) $ (45) $ (22) Less: Effect of cumulative changes in non-performance risk (1,299) (58) (4) (2,173) (40) (2) Balance as of beginning-of-year, before the effect of changes in non-performance risk (881) 90 (26) 1,511 (5) (20) Issuances 6 – – 3 – – Attributed fees collected 1,143 24 4 1,127 23 4 Benefit payments (29) – – (49) – – Effect of changes in interest rates (101) 8 (6) (2,347) (66) (7) Effect of changes in equity markets (2,347) (16) (8) (1,430) (5) (6) Effect of changes in equity index volatility (65) (4) – (358) 6 (3) In-force updates and other changes in MRBs (1) 69 3 6 182 4 – Effect of assumption review: Effect of changes in future expected policyholder behavior 7 11 – (33) 70 – Effect of changes in other future expected assumptions (2) (199) 18 (6) (66) 15 (2) Balance as of end-of-period, before the effect of changes in non-performance risk (2,397) 134 (36) (1,460) 42 (34) Effect of cumulative changes in non-performance risk (930) (60) (4) (1,213) (59) 1 Balance as of end-of-period (3,327) 74 (40) (2,673) (17) (33) Less: ceded MRB assets (liabilities) (340) – – (303) – – Balance as of end-of-period, net of reinsurance $ (2,987) $ 74 $ (40) $ (2,370) $ (17) $ (33) Weighted-average age of policyholders (years) 72 69 63 72 68 63 Net amount at risk (3) $ 1,544 $ 231 $ 3 $ 6,235 $ 188 $ 9 (1) Consists primarily of changes in MRB assets and liabilities related to differences between separate account fund performance and modeled indices and other changes such as actual to expected policyholder behavior. (2) Consists primarily of the update of fund mapping, volatility, and other capital market assumptions. (3) Net amount at risk (“NAR”) is the current guaranteed minimum benefit in excess of the current account balance as of the balance sheet date. For guaranteed living benefits (“GLBs”), the guaranteed minimum benefit is calculated based on the present value of GLB payments. Our variable annuity products may offer more than one type of guaranteed benefit rider to a policyholder. In instances where more than one guaranteed benefit feature exists in a contract, the guaranteed benefit rider that provides the highest NAR is used in the calculation. Effect of Assumption Review For the nine months ended September 30, 2024, Variable Annuities had a favorable impact to net income (loss) attributable to the annual assumption review driven by model enhancements and updates to capital market assumptions. For the nine months ended September 30, 2024, Fixed Annuities had an unfavorable impact to net income (loss) attributable to the annual assumption review driven by model enhancements and updates to policyholder GLB utilization assumptions. Retirement Plan Services did not have any significant assumption updates. For the nine months ended September 30, 2023, Variable Annuities had a favorable impact to net income (loss) attributable to the annual assumption review from updates to volatility and policyholder GLB utilization behavior assumptions, partially offset by unfavorable impacts from updates to mortality and policyholder lapse behavior assumptions. For the nine months ended September 30, 2023, Fixed Annuities had an unfavorable impact to net income (loss) attributable to the annual assumption review from updates to mortality and policyholder GLB utilization and lapse behavior assumptions. Retirement Plan Services did not have any significant assumption updates.

Separate Accounts (Tables)

Separate Accounts (Tables)	9 Months Ended
	Sep. 30, 2024
Separate Accounts Disclosure [Abstract]
Schedule of Fair Value of Separate Account Assets	The following table presents the fair value of separate account assets (in millions) reported on the Consolidated Balance Sheets by major investment category: As of As of 2024 2023 Mutual funds and collective investment trusts $ 170,806 $ 157,578 Exchange-traded funds 349 350 Fixed maturity AFS securities 166 167 Cash and invested cash 7 25 Other investments 155 137 Total separate account assets $ 171,483 $ 158,257
Schedule of Reconciliation of Separate Account Liabilities	The following table reconciles separate account liabilities (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 Variable Annuities $ 120,470 $ 113,356 UL and Other 28,921 25,150 Retirement Plan Services 22,033 19,699 Other Operations (1) 59 52 Total separate account liabilities $ 171,483 $ 158,257 (1) Represents separate account liabilities reported in Other Operations primarily attributable to the indemnity reinsurance agreements with Protective ($50 million a
Summary of Balances and changes in Separate Account Liabilities	The following table summarizes the balances of and changes in separate account liabilities (in millions): As of or For the Nine As of or For the Nine Variable Annuities UL and Other Retirement Plan Services Variable Annuities UL and Other Retirement Plan Services Balance as of beginning-of-year $ 113,356 $ 25,150 $ 19,699 $ 105,573 $ 20,920 $ 16,996 Gross deposits 3,002 1,058 1,751 2,137 1,178 1,576 Withdrawals (10,190) (347) (2,382) (7,402) (227) (1,795) Policyholder assessments (1,970) (742) (134) (1,883) (714) (121) Change in market performance 15,664 3,945 3,065 6,320 1,573 1,316 Net transfers from (to) general account 608 (143) 34 447 (88) (44) Balance as of end-of-period $ 120,470 $ 28,921 $ 22,033 $ 105,192 $ 22,642 $ 17,928 Cash surrender value $ 119,106 $ 26,498 $ 22,018 $ 103,729 $ 20,324 $ 17,914

Policyholder Account Balances (

Policyholder Account Balances (Tables)	9 Months Ended
	Sep. 30, 2024
Policyholder Account Balance [Abstract]
Schedule of Policyholder Account Balances	The following table reconciles policyholder account balances (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 Variable Annuities $ 34,344 $ 29,141 Fixed Annuities 26,359 25,355 UL and Other 36,692 37,180 Retirement Plan Services 23,727 23,784 Other (1) 4,846 5,277 Total policyholder account balances $ 125,968 $ 120,737 (1) Represents policyholder account balances reported primarily in Other Operations attributable to the indemnity reinsurance agreements with Protective ($4.5 billion and $4.9 billion as of September 30, 2024, and December 31, 2023, respectively) that are excluded from the following tables.
Summary of Balances and Changes in Policyholder Account Balances	The following table summarizes the balances and changes in policyholder account balances (in millions): As of or For the Nine Months Ended September 30, 2024 Variable Annuities Fixed Annuities UL and Retirement Balance as of beginning-of-year $ 29,141 $ 25,355 $ 37,180 $ 23,784 Gross deposits 3,391 3,663 2,641 2,580 Withdrawals (726) (3,724) (1,122) (3,370) Policyholder assessments (1) (45) (3,383) (10) Net transfers from (to) separate account (241) – 143 230 Interest credited 506 593 1,109 513 Change in fair value of embedded derivative instruments and other 2,274 517 124 – Balance as of end-of-period $ 34,344 $ 26,359 $ 36,692 $ 23,727 Weighted-average crediting rate 2.1% 3.1% 4.0% 2.9% Net amount at risk (1)(2) $ 1,544 $ 231 $ 298,334 $ 3 Cash surrender value 33,107 25,236 32,982 23,697 As of or For the Nine Months Ended September 30, 2023 Variable Annuities Fixed Annuities UL and Retirement Balance as of beginning-of-year $ 22,184 $ 23,365 $ 37,694 $ 25,138 Gross deposits 3,626 2,698 2,749 2,026 Withdrawals (508) (2,863) (1,095) (3,262) Policyholder assessments (1) (41) (3,373) (10) Net transfers from (to) separate account (311) – 90 (297) Interest credited 391 470 1,114 504 Change in fair value of embedded derivative instruments and other 1,391 52 38 – Balance as of end-of-period $ 26,772 $ 23,681 $ 37,217 $ 24,099 Weighted-average crediting rate 2.1 % 2.6 % 4.0 % 2.7 % Net amount at risk (1)(2) $ 6,235 $ 188 $ 303,628 $ 9 Cash surrender value 25,629 22,779 33,741 24,094 (1) NAR is the current guaranteed minimum benefit in excess of the current account balance as of the balance sheet date. For GLBs, the guaranteed minimum benefit is calculated based on the present value of GLB payments. Our variable annuity products may offer more than one type of guaranteed benefit rider to a policyholder. In instances where more than one guaranteed benefit rider exists in a contract, the guaranteed benefit rider that provides the highest NAR is used in the calculation. (2) Calculation is based on total account balances and includes both policyholder account balances and separate account balances.
Summary of Policyholder Account Balances by Range	The following table presents policyholder account balances (in millions) by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between the interest being credited to policyholders and the respective guaranteed contract minimums: As of September 30, 2024 At 1-50 Basis 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 3 – – – 7 10 2.01% - 3.00% 523 – – – – 523 3.01% - 4.00% 1,257 – – – – 1,257 4.01% and above 8 – – – – 8 Other (1) – – – – – 32,546 Total $ 1,791 $ – $ – $ – $ 7 $ 34,344 Fixed Annuities Up to 1.00% $ 436 $ 730 $ 620 $ 373 $ 2,381 $ 4,540 1.01% - 2.00% 253 145 200 239 4,685 5,522 2.01% - 3.00% 1,649 38 6 2 33 1,728 3.01% - 4.00% 1,312 – – – – 1,312 4.01% and above 170 – – – – 170 Other (1) – – – – – 13,087 Total $ 3,820 $ 913 $ 826 $ 614 $ 7,099 $ 26,359 UL and Other Up to 1.00% $ 261 $ – $ 222 $ 121 $ 52 $ 656 1.01% - 2.00% 553 – – – 3,161 3,714 2.01% - 3.00% 6,651 10 151 – – 6,812 3.01% - 4.00% 15,426 – 1 – – 15,427 4.01% and above 3,582 – – – – 3,582 Other (1) – – – – – 6,501 Total $ 26,473 $ 10 $ 374 $ 121 $ 3,213 $ 36,692 Retirement Plan Services Up to 1.00% $ 515 $ 287 $ 731 $ 3,417 $ 5,277 $ 10,227 1.01% - 2.00% 470 1,028 1,947 990 503 4,938 2.01% - 3.00% 2,253 112 1 1 – 2,367 3.01% - 4.00% 4,493 85 6 8 – 4,592 4.01% and above 1,603 – – – – 1,603 Total $ 9,334 $ 1,512 $ 2,685 $ 4,416 $ 5,780 $ 23,727 As of September 30, 2023 At 1-50 Basis 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 5 – – – 8 13 2.01% - 3.00% 602 – – – – 602 3.01% - 4.00% 1,429 – – – – 1,429 4.01% and above 10 – – – – 10 Other (1) – – – – – 24,718 Total $ 2,046 $ – $ – $ – $ 8 $ 26,772 Fixed Annuities Up to 1.00% $ 744 $ 427 $ 515 $ 518 $ 2,427 $ 4,631 1.01% - 2.00% 481 106 212 456 1,264 2,519 2.01% - 3.00% 1,881 32 6 – 3 1,922 3.01% - 4.00% 955 – – – – 955 4.01% and above 182 – – – – 182 Other (1) – – – – – 13,472 Total $ 4,243 $ 565 $ 733 $ 974 $ 3,694 $ 23,681 UL and Other Up to 1.00% $ 284 $ – $ 192 $ 34 $ 362 $ 872 1.01% - 2.00% 553 – – – 3,181 3,734 2.01% - 3.00% 6,998 11 147 – – 7,156 3.01% - 4.00% 15,780 – 1 – – 15,781 4.01% and above 3,783 – – – – 3,783 Other (1) – – – – – 5,891 Total $ 27,398 $ 11 $ 340 $ 34 $ 3,543 $ 37,217 Retirement Plan Services Up to 1.00% $ 407 $ 596 $ 762 $ 4,882 $ 2,837 $ 9,484 1.01% - 2.00% 610 2,405 1,474 668 – 5,157 2.01% - 3.00% 2,594 – – – – 2,594 3.01% - 4.00% 5,223 – – – – 5,223 4.01% and above 1,641 – – – – 1,641 Total $ 10,475 $ 3,001 $ 2,236 $ 5,550 $ 2,837 $ 24,099 (1)

Future Contract Benefits (Table

Future Contract Benefits (Tables)	9 Months Ended
	Sep. 30, 2024
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Summary of Reconciliation of Future Contract Benefits	The following table reconciles future contract benefits (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 Payout Annuities (1) $ 2,119 $ 2,085 Traditional Life (1) 3,938 3,841 Group Protection (2) 5,773 5,689 UL and Other (3) 16,554 15,000 Other Operations (4) 9,471 9,879 Other (5) 3,314 3,371 Total future contract benefits $ 41,169 $ 39,864 (1) See liability for future policy benefits (“LFPB”) below for further information. (2) See “Liability for Future Claims” below for further information. (3) See “Additional Liabilities for Other Insurance Benefits” below for further information. (4) Represents future contract benefits reported in Other Operations primarily attributable to the indemnity reinsurance agreements with Protective ( $5.6 billion as of September 30, 2024, and December 31, 2023) and Swiss Re ( $1.9 billion and $2.2 billion as of September 30, 2024, and December 31, 2023, respectively) that are excluded from the following tables. (5) Represents other miscellaneous reserves that are not representative of long-duration contracts and are excluded from the following tables.
Liability for Future Policy Benefit, Activity	The following table summarizes the balances of and changes in the present values of expected net premiums and LFPB (in millions, except years): As of or For the Nine As of or For the Nine Payout Annuities Traditional Life Payout Annuities Traditional Life Present Value of Expected Net Premiums Balance as of beginning-of-year $ – $ 6,200 $ – $ 6,063 Less: Effect of cumulative changes in discount rate assumptions – (148) – (582) Beginning balance at original discount rate – 6,348 – 6,645 Effect of changes in cash flow assumptions – 28 – (12) Effect of actual variances from expected experience – (59) – (280) Adjusted balance as of beginning-of-year – 6,317 – 6,353 Issuances – 289 – 460 Interest accrual – 188 – 182 Net premiums collected – (596) – (604) Flooring impact of LFPB – 1 – (3) Ending balance at original discount rate – 6,199 – 6,388 Effect of cumulative changes in discount rate assumptions – (19) – (527) Balance as of end-of-period $ – $ 6,180 $ – $ 5,861 Present Value of Expected LFPB Balance as of beginning-of-year $ 2,085 $ 10,041 $ 2,004 $ 9,572 Less: Effect of cumulative changes in discount rate assumptions (187) (189) (263) (785) Beginning balance at original discount rate (1) 2,272 10,230 2,267 10,357 Effect of changes in cash flow assumptions – (68) 17 (29) Effect of actual variances from expected experience 3 (70) (1) (309) Adjusted balance as of beginning-of-year 2,275 10,092 2,283 10,019 Issuances 78 289 83 461 Interest accrual 65 299 64 288 Benefit payments (152) (576) (143) (537) Ending balance at original discount rate (1) 2,266 10,104 2,287 10,231 Effect of cumulative changes in discount rate assumptions (147) 14 (344) (832) Balance as of end-of-period $ 2,119 $ 10,118 $ 1,943 $ 9,399 Net balance as of end-of-period $ 2,119 $ 3,938 $ 1,943 $ 3,538 Less: reinsurance recoverables (2) 1,578 388 3 450 Net balance as of end-of-period, net of reinsurance $ 541 $ 3,550 $ 1,940 $ 3,088 Weighted-average duration of future policyholder benefit liability (years) 9 9 9 9 (1) Includes deferred profit liability within Payout Annuities of $60 million a nd $38 million as of September 30, 2024 and 2023, respectively. (2) Increase in Payout Annuities reinsurance recoverables driven by the fourth quarter 2023 reinsurance transaction. See Note 7 The following table summarizes the balances of and changes in liability for future claims (in millions, except years): Group Protection As of or For the Nine 2024 2023 Balance as of beginning-of-year $ 5,689 $ 5,462 Less: Effect of cumulative changes in discount rate assumptions (490) (597) Beginning balance at original discount rate 6,179 6,059 Effect of changes in cash flow assumptions (2) (27) Effect of actual variances from expected experience (278) (233) Adjusted beginning-of-year balance 5,899 5,799 New incidence 1,236 1,267 Interest 138 122 Benefit payments (1,125) (1,095) Ending balance at original discount rate 6,148 6,093 Effect of cumulative changes in discount rate assumptions (375) (720) Balance as of end-of-period 5,773 5,373 Less: reinsurance recoverables 120 117 Balance as of end-of-period, net of reinsurance $ 5,653 $ 5,256 Weighted-average duration of liability for future claims (years) 5 5 The following table summarizes the balances of and changes in additional liabilities for other insurance benefits (in millions, except years): UL and Other As of or For the Nine 2024 2023 Balance as of beginning-of-year $ 15,000 $ 14,818 Less: Effect of cumulative changes in shadow balance in AOCI (2,222) (905) Balance as of beginning-of-year, excluding shadow balance in AOCI 17,222 15,723 Effect of changes in cash flow assumptions 244 173 Effect of actual variances from expected experience 170 (28) Adjusted beginning-of-year balance 17,636 15,868 Interest accrual 639 573 Net assessments collected 860 895 Benefit payments (718) (473) Balance as of end-of-period, excluding shadow balance in AOCI 18,417 16,863 Effect of cumulative changes in shadow balance in AOCI (1,863) (897) Balance as of end-of-period 16,554 15,965 Less: reinsurance recoverables (1) 5,139 654 Balance as of end-of-period, net of reinsurance $ 11,415 $ 15,311 Weighted-average duration of additional liabilities for other insurance benefits (years) 16 17 (1) Increase in reinsurance recoverables driven by the fourth quarter 2023 reinsurance transaction, for certain blocks of in-force ULSG. See Note 7
Summary of Discounted and Undiscounted Expected Future Gross premiums and Expected Future Benefit Payments	The following table summarizes the discounted and undiscounted expected future gross premiums and expected future benefit payments (in millions): As of September 30, 2024 As of September 30, 2023 Undiscounted Discounted Undiscounted Discounted Payout Annuities Expected future gross premiums $ – $ – $ – $ – Expected future benefit payments 3,437 2,119 3,553 1,943 Traditional Life Expected future gross premiums 14,126 9,964 14,070 9,294 Expected future benefit payments 14,377 10,118 14,579 9,399 The following table summarizes the discounted and undiscounted expected future benefit payments (in millions): As of September 30, 2024 As of September 30, 2023 Undiscounted Discounted Undiscounted Discounted Group Protection Expected future benefit payments $ 7,154 $ 5,773 $ 7,148 $ 5,373
Summary of Gross Premiums and Interest Accretion	The following table summarizes the gross premiums and interest accretion (in millions) recognized in insurance premiums and benefits, respectively, on the Consolidated Statements of Comprehensive Income (Loss): For the Three For the Nine 2024 2023 2024 2023 Payout Annuities Gross premiums $ 40 $ 16 $ 84 $ 88 Interest accretion 22 21 65 64 Traditional Life Gross premiums 311 310 942 937 Interest accretion 37 35 111 106 The following table summarizes the gross premiums and interest accretion (in millions) recognized in insurance premiums and benefits, respectively, on the Consolidated Statements of Comprehensive Income (Loss): For the Three For the Nine 2024 2023 2024 2023 Group Protection Gross premiums $ 887 $ 874 $ 2,676 $ 2,645 Interest accretion 45 39 138 122 The following table summarizes the gross assessments and interest accretion (in millions) recognized in insurance premiums and benefits, respectively, on the Consolidated Statements of Comprehensive Income (Loss): For the Three For the Nine 2024 2023 2024 2023 UL and Other Gross assessments $ 732 $ 337 $ 2,177 $ 1,794 Interest accretion 218 197 639 573
Summary of Weighted-Average Interest Rates	The following table summarizes the weighted-average interest rates: For the Nine 2024 2023 Payout Annuities Interest accretion rate 4.0 % 3.9 % Current discount rate 4.7 % 5.8 % Traditional Life Interest accretion rate 5.0 % 5.0 % Current discount rate 4.4 % 5.6 % The following table summarizes the weighted-average interest rates: For the Nine 2024 2023 Group Protection Interest accretion rate 3.3 % 3.0 % Current discount rate 4.4 % 5.7 % The following table summarizes the weighted-average interest rates: For the Nine 2024 2023 UL and Other Interest accretion rate 5.4 % 5.1 %

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Changes in Debt	Changes in debt (in millions) were as follows: For the Nine 2024 Balance as of beginning-of-year $ 5,949 Issuance of 5.852% Senior Notes due 2034 350 Partial repayment of variable-rate term loan, due 2024 (1) (100) Unamortized debt issuance costs (1) Unamortized adjustments from discontinued hedges (12) Fair value hedge on interest rate swap agreements 11 Balance as of end-of-period $ 6,197 (1) In July 2024, we refinanced our $250 million variable-rate term loan due 2024 into a $150 million variable-rate term loan due July 16, 2027. The term loan uses a Secured Overnight Financing Rate (“SOFR”)-based interest rate, plus transition spread of 10 basis points and credit spread of 137.5 basis points.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The carrying values and estimated fair values of our financial instruments (in millions) were as follows: As of September 30, 2024 As of December 31, 2023 Carrying Fair Carrying Fair Assets Fixed maturity AFS securities $ 90,682 $ 90,682 $ 88,738 $ 88,738 Trading securities 2,206 2,206 2,359 2,359 Equity securities 293 293 306 306 Mortgage loans on real estate 20,856 19,945 18,963 17,407 Derivative investments 9,522 9,522 6,474 6,474 Other investments 5,743 5,743 5,015 5,015 Cash and invested cash 6,013 6,013 3,365 3,365 MRB assets 4,565 4,565 3,894 3,894 Other assets: Ceded MRBs 2 2 2 2 Indexed annuity ceded embedded derivatives 1,132 1,132 940 940 Separate account assets 171,483 171,483 158,257 158,257 Liabilities Policyholder account balances: Account balances of certain investment contracts (45,822) (35,885) (44,640) (34,041) RILA, fixed annuity and IUL contracts (12,270) (12,270) (9,077) (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (668) (668) (552) (552) MRB liabilities (1,272) (1,272) (1,716) (1,716) Short-term debt (300) (297) (250) (249) Long-term debt (5,897) (5,370) (5,699) (5,182) Other liabilities: Ceded MRBs (341) (341) (239) (239) Derivative liabilities (85) (85) (356) (356) Remaining guaranteed interest and similar contracts (355) (355) (411) (411)
Fair Value Option, Disclosures	The fair value and aggregate contractual principal for mortgage loans on real estate where the fair value option was elected (in millions) were as follows: As of As of 2024 2023 Fair value $ 263 $ 288 Aggregate contractual principal 297 326
Fair Value of Assets and Liabilities on a Recurring Basis	The following summarizes our financial instruments carried at fair value (in millions) on a recurring basis by the fair value hierarchy levels: As of September 30, 2024 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ – $ 67,568 $ 2,666 $ 70,234 U.S. government bonds 378 20 – 398 State and municipal bonds – 2,567 – 2,567 Foreign government bonds – 252 – 252 RMBS – 1,869 13 1,882 CMBS – 1,622 21 1,643 ABS – 11,343 2,101 13,444 Hybrid and redeemable preferred securities 51 134 77 262 Trading securities – 1,932 274 2,206 Equity securities – 258 35 293 Mortgage loans on real estate – – 263 263 Derivative investments (1) – 16,134 9 16,143 Other investments – short-term investments – 209 20 229 Cash and invested cash – 6,013 – 6,013 MRB assets – – 4,565 4,565 Other assets: Ceded MRBs – – 2 2 Indexed annuity ceded embedded derivatives – – 1,132 1,132 Separate account assets 403 171,080 – 171,483 Total assets $ 832 $ 281,001 $ 11,178 $ 293,011 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (12,270) $ (12,270) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – (1,125) 457 (668) MRB liabilities – – (1,272) (1,272) Other liabilities: Ceded MRBs – – (341) (341) Derivative liabilities (1) – (6,696) (10) (6,706) Total liabilities $ – $ (7,821) $ (13,436) $ (21,257) As of December 31, 2023 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ – $ 67,160 $ 2,497 $ 69,657 U.S. government bonds 374 19 – 393 State and municipal bonds – 2,785 5 2,790 Foreign government bonds – 283 – 283 RMBS – 1,760 13 1,773 CMBS – 1,416 8 1,424 ABS – 10,687 1,484 12,171 Hybrid and redeemable preferred securities 46 153 48 247 Trading securities – 2,075 284 2,359 Equity securities 1 263 42 306 Mortgage loans on real estate – – 288 288 Derivative investments (1) – 10,874 622 11,496 Other investments – short-term investments – 233 – 233 Cash and invested cash – 3,365 – 3,365 MRB assets – – 3,894 3,894 Other assets: Ceded MRBs – – 2 2 Indexed annuity ceded embedded derivatives – – 940 940 Separate account assets 402 157,855 – 158,257 Total assets $ 823 $ 258,928 $ 10,127 $ 269,878 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (9,077) $ (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – 237 (789) (552) MRB liabilities – – (1,716) (1,716) Other liabilities: Ceded MRBs – – (239) (239) Derivative liabilities (1) – (4,792) (586) (5,378) Total liabilities $ – $ (4,555) $ (12,407) $ (16,962) (1)
Fair Value Measured on a Recurring Basis Reconciliation	The following summarizes changes to our financial instruments carried at fair value (in millions) and classified within Level 3 of the fair value hierarchy. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology. The summary schedule excludes changes to MRB assets and MRB liabilities as these balances are rolled forward in Note 8 For the Three Months Ended September 30, 2024 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,581 $ (1) $ 43 $ 50 $ (7) $ 2,666 RMBS 18 – – – (5) 13 CMBS 23 – – 14 (16) 21 ABS 1,997 – 50 232 (178) 2,101 Hybrid and redeemable preferred securities 50 – 1 16 10 77 Trading securities 273 7 – (6) – 274 Equity securities 38 – – 1 (4) 35 Mortgage loans on real estate 258 2 4 (1) – 263 Derivative investments (8) 6 – 1 – (1) Other investments (4) – – – 10 10 20 Other assets: Ceded MRBs (3) 2 – – – – 2 Indexed annuity ceded embedded derivatives (4) 967 191 – (26) – 1,132 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (11,417) (898) – 45 – (12,270) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) (204) 661 – – – 457 Other liabilities – ceded MRBs (3) (344) 3 – – – (341) Total, net $ (5,766) $ (29) $ 98 $ 336 $ (190) $ (5,551) For the Three Months Ended September 30, 2023 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,366 $ (4) $ (14) $ 105 $ (43) $ 2,410 State and municipal bonds 36 (4) 1 – – 33 RMBS 6 – (1) – 7 12 ABS 1,208 – (5) 247 (113) 1,337 Hybrid and redeemable preferred securities 60 – 1 – (13) 48 Trading securities 351 (3) – (4) 6 350 Equity securities 125 12 – – – 137 Mortgage loans on real estate 404 2 (3) (88) – 315 Derivative investments 31 (26) – 8 – 13 Other assets: Ceded MRBs (3) 2 – – – – 2 Indexed annuity ceded embedded derivatives (4) 603 (49) – 32 – 586 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (7,600) 621 – (195) – (7,174) Other liabilities – ceded MRBs (3) (293) (12) – – – (305) Total, net $ (2,701) $ 537 $ (21) $ 105 $ (156) $ (2,236) For the Nine Months Ended September 30, 2024 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,497 $ 1 $ 25 $ 264 $ (121) $ 2,666 State and municipal bonds 5 – – – (5) – RMBS 13 – (1) 6 (5) 13 CMBS 8 – – 29 (16) 21 ABS 1,484 – 55 798 (236) 2,101 Hybrid and redeemable preferred securities 48 – 3 16 10 77 Trading securities 284 7 – (17) – 274 Equity securities 42 (3) – – (4) 35 Mortgage loans on real estate 288 6 5 (36) – 263 Derivative investments 36 11 – 3 (51) (1) Other investments (4) – – – 10 10 20 Other assets: Ceded MRBs (3) 2 – – – – 2 Indexed annuity ceded embedded derivatives (4) 940 238 – (46) – 1,132 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (9,077) (2,915) – (278) – (12,270) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) (789) 1,246 – – – 457 Other liabilities – ceded MRBs (3) (239) (102) – – – (341) Total, net $ (4,458) $ (1,511) $ 87 $ 749 $ (418) $ (5,551) For the Nine Months Ended September 30, 2023 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Assets Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 2,295 $ 1 $ (13) $ 130 $ (3) $ 2,410 State and municipal bonds 35 (4) 3 (1) – 33 RMBS 1 – (1) 5 7 12 CMBS – – – (4) 4 – ABS 1,117 – (3) 567 (344) 1,337 Hybrid and redeemable preferred securities 49 – (2) (2) 3 48 Trading securities 581 (1) – (236) 6 350 Equity securities 153 (17) – 1 – 137 Mortgage loans on real estate 487 – 2 (174) – 315 Derivative investments 2 (28) – 8 31 13 Other assets: Ceded MRBs (3) 12 (10) – – – 2 Indexed annuity ceded embedded derivatives (4) 525 (37) – 98 – 586 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (4,783) (1,669) – (722) – (7,174) Other liabilities – ceded MRBs (3) (205) (100) – – – (305) Total, net $ 269 $ (1,865) $ (14) $ (330) $ (296) $ (2,236) (1) The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments (see Note 5 (2) Amortization and accretion of premiums and discounts are included in net investment income on the Consolidated Statements of Comprehensive Income (Loss). Gains (losses) from sales, maturities, settlements and calls and credit loss expense are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (3) Gains (losses) from the changes in fair value are included in market risk benefit gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (4) Gains (losses) from the changes in fair value are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss).
Schedule of Investment Holdings Movements	The following provides the components of the items included in issuances, sales, maturities, settlements and calls, net, (in millions) as reported above: For the Three Months Ended September 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 281 $ (61) $ – $ (170) $ – $ 50 CMBS 14 – – – – 14 ABS 402 (20) – (104) (46) 232 Hybrid and redeemable preferred securities 16 – – – – 16 Trading securities 1 – – (7) – (6) Equity securities 1 – – – – 1 Mortgage loans on real estate – – – (1) – (1) Derivative investments – – 1 – – 1 Other investments 10 – – – – 10 Other assets – indexed annuity ceded embedded derivatives 51 – – (77) – (26) Policyholder account balances – RILA, fixed annuity and IUL contracts (317) – – 362 – 45 Total, net $ 459 $ (81) $ 1 $ 3 $ (46) $ 336 For the Three Months Ended September 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 178 $ (28) $ – $ (45) $ – $ 105 ABS 279 – – (32) – 247 Trading securities – – – (4) – (4) Mortgage loans on real estate 1 – – (89) – (88) Derivative investments 9 – (1) – – 8 Other assets – indexed annuity ceded embedded derivatives 28 – – 4 – 32 Policyholder account balances – RILA, fixed annuity and IUL contracts (231) – – 36 – (195) Total, net $ 264 $ (28) $ (1) $ (130) $ – $ 105 For the Nine Months Ended September 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 922 $ (260) $ (2) $ (395) $ (1) $ 264 RMBS 6 – – – – 6 CMBS 29 – – – – 29 ABS 1,128 (50) – (223) (57) 798 Hybrid and redeemable preferred securities 16 – – – – 16 Trading securities 6 (2) – (21) – (17) Equity securities 1 (1) – – – – Mortgage loans on real estate 1 (31) – (6) – (36) Derivative investments 4 – (1) – – 3 Other investments 10 – – – – 10 Other assets – indexed annuity ceded embedded derivatives 103 – – (149) – (46) Policyholder account balances – RILA, fixed annuity and IUL contracts (849) – – 571 – (278) Total, net $ 1,377 $ (344) $ (3) $ (223) $ (58) $ 749 For the Nine Months Ended September 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 587 $ (65) $ (34) $ (347) $ (11) $ 130 State and municipal bonds – (1) – – – (1) RMBS 5 – – – – 5 CMBS – – – (4) – (4) ABS 736 (2) – (167) – 567 Hybrid and redeemable preferred securities – – – – (2) (2) Trading securities – (155) – (81) – (236) Equity securities 1 – – – – 1 Mortgage loans on real estate 5 – – (179) – (174) Derivative investments 9 – (1) – – 8 Other assets – indexed annuity ceded embedded derivatives 112 – – (14) – 98 Policyholder account balances – RILA, fixed annuity and IUL contracts (846) – – 124 – (722) Total, net $ 609 $ (223) $ (35) $ (668) $ (13) $ (330)
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings	The following summarizes changes in unrealized gains (losses) included in net income related to financial instruments carried at fair value classified within Level 3 that we still held (in millions): For the Three For the Nine 2024 2023 2024 2023 Trading securities (1) $ 7 $ (3) $ 6 $ (2) Equity securities (1) – 12 (2) (17) Mortgage loans on real estate (1) 2 2 (2) (1) Derivative investments (1) 5 (25) 14 (27) MRBs (2) (665) 1,415 1,357 2,783 Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (1) 661 – 1,246 – Embedded derivatives – indexed annuity and IUL contracts (1) 23 (4) 755 (223) Total, net $ 33 $ 1,397 $ 3,374 $ 2,513 (1) Included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (2) Included in market risk benefit gain (loss) on the Consolidated Statements of Comprehensive Income (Loss).
Changes in Unrealized Gains (Losses) Included in OCI	The following summarizes changes in unrealized gains (losses) included in OCI, net of tax, related to financial instruments carried at fair value classified within Level 3 that we still held (in millions): For the Three For the Nine 2024 2023 2024 2023 Fixed maturity AFS securities: Corporate bonds $ 43 $ (19) $ 2 $ (21) State and municipal bonds – 2 – 3 RMBS 1 (1) – (1) ABS 47 (5) 27 (4) Hybrid and redeemable preferred securities 1 – 2 (2) Mortgage loans on real estate 4 (3) 5 1 Total, net $ 96 $ (26) $ 36 $ (24)
Components of the Transfers In and Out of Level 3	The following provides the components of the transfers into and out of Level 3 (in millions) as reported above: For the Three For the Three Transfers Transfers Transfers Transfers Into Out of Into Out of Level 3 Level 3 Total Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ – $ (7) $ (7) $ 36 $ (79) $ (43) RMBS – (5) (5) 12 (5) 7 CMBS – (16) (16) – – – ABS – (178) (178) – (113) (113) Hybrid and redeemable preferred securities 10 – 10 – (13) (13) Trading securities – – – 6 – 6 Equity securities – (4) (4) – – – Other investments 10 – 10 – – – Total, net $ 20 $ (210) $ (190) $ 54 $ (210) $ (156) For the Nine For the Nine Transfers Transfers Transfers Transfers Into Out of Into Out of Level 3 Level 3 Total Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 22 $ (143) $ (121) $ 195 $ (198) $ (3) RMBS – (5) (5) 12 (5) 7 CMBS – (16) (16) 4 – 4 State and municipal bonds – (5) (5) – – – ABS 50 (286) (236) 2 (346) (344) Hybrid and redeemable preferred securities 10 – 10 16 (13) 3 Trading securities – – – 6 – 6 Equity securities – (4) (4) – – – Derivative investments – (51) (51) 31 – 31 Other investments 10 – 10 – – – Total, net $ 92 $ (510) $ (418) $ 266 $ (562) $ (296)
Fair Value Inputs Quantitative Information	The following summarizes the fair value (in millions), valuation techniques and significant unobservable inputs of the Level 3 fair value measurements as of September 30, 2024: Weighted Fair Valuation Significant Assumption or Average Input Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 183 Discounted cash flow Liquidity/duration adjustment (2) 0 % – 4.2 % 2.0 % ABS 11 Discounted cash flow Liquidity/duration adjustment (2) 1.5 % – 1.5 % 1.5 % CMBS 8 Discounted cash flow Liquidity/duration adjustment (2) 2.1 % — 2.1 % 2.1 % Hybrid and redeemable preferred securities 24 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % – 2.0 % 1.8 % Equity securities 5 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % – 4.5 % 4.5 % MRB assets 4,565 Other assets – ceded MRBs 2 Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.27 % – 2.24 % 1.81 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.47 % Other assets – indexed annuity ceded embedded derivatives 1,132 Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) Liabilities Policyholder account balances – indexed annuity contracts embedded derivatives $ (12,176) Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) MRB liabilities (1,272) Other liabilities – ceded MRBs (341) Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.27 % – 2.24 % 1.81 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.47 % The following summarizes the fair value (in millions), valuation techniques and significant unobservable inputs of the Level 3 fair value measurements as of December 31, 2023: Weighted Fair Valuation Significant Assumption or Average Input Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 186 Discounted cash flow Liquidity/duration adjustment (2) (0.2) % – 3.7 % 2.1 % State and municipal bonds 5 Discounted cash flow Liquidity/duration adjustment (2) 0.9 % – 2.2 % 2.1 % CMBS 8 Discounted cash flow Liquidity/duration adjustment (2) 2.3 % – 2.3 % 2.3 % ABS 12 Discounted cash flow Liquidity/duration adjustment (2) 1.8 % – 1.8 % 1.8 % Hybrid and redeemable preferred securities 7 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % – 1.5 % 1.5 % Equity securities 5 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % – 4.5 % 4.5 % MRB assets 3,894 Other assets – ceded MRBs 2 Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.51 % – 2.13 % 1.78 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 13.92 % Other assets – indexed annuity ceded embedded derivatives 940 Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) Liabilities Policyholder account balances – indexed annuity contracts embedded derivatives $ (9,013) Discounted cash flow Lapse (3) 0 % – 9 % (10) Mortality (7) (9) (10) MRB liabilities (1,716) Other liabilities – ceded MRBs (239) Discounted cash flow Lapse (3) 1 % – 30 % (10) Utilization of GLB withdrawals (4) 85 % – 100 % 94 % Claims utilization factor (5) 60 % – 100 % (10) Premiums utilization factor (5) 80 % – 115 % (10) Non-performance risk (6) 0.51 % – 2.13 % 1.78 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 13.92 % (1) Unobservable inputs were weighted by the relative fair value of the instruments, unless otherwise noted. (2) The liquidity/duration adjustment input represents an estimated market participant composite of adjustments attributable to liquidity premiums, expected durations, structures and credit quality that would be applied to the market observable information of an investment. (3) The lapse input represents the estimated probability of a contract surrendering during a year, and thereby forgoing any future benefits. The range for indexed annuity contracts represents the lapses during the surrender charge period. (4) The utilization of GLB withdrawals input represents the estimated percentage of policyholders that utilize the GLB withdrawal riders. (5) The utilization factors are applied to the present value of claims or premiums, as appropriate, in the MRB calculation to estimate the impact of inefficient GLB withdrawal behavior, including taking less than or more than the maximum GLB withdrawal. (6) The non-performance risk input represents the estimated additional credit spread that market participants would apply to the market observable discount rate when pricing a contract. The non-performance risk input was weighted by the absolute value of the sensitivity of the reserve to the non-performance risk assumption. (7) The mortality input represents the estimated probability of when an individual belonging to a particular group, categorized according to age or some other factor such as gender, will die. (8) The volatility input represents overall volatilities assumed for the underlying variable annuity funds, which include a mixture of equity and fixed-income assets. Volatility assumptions vary by fund due to the benchmarking of different indices. The volatility input was weighted by the relative account balance assigned to each index. (9) The mortality is based on a combination of company and industry experience, adjusted for improvement factors. (10) A weighted average input range is not a meaningful measurement for lapse, utilization factors or mortality.

Shares and Stockholders_ Equi_2

Shares and Stockholders’ Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Changes in Preferred	Preferred stock authorized, issued and outstanding (number of shares) was as follows: As of September 30, 2024 As of December 31, 2023 Shares Authorized Shares Issued Shares Outstanding Shares Authorized Shares Issued Shares Outstanding 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C 20,000 20,000 20,000 20,000 20,000 20,000 9.000% Non-Cumulative Preferred Stock, Series D 20,000 20,000 20,000 20,000 20,000 20,000 Not designated 9,960,000 – – 9,960,000 – – Total preferred shares 10,000,000 40,000 40,000 10,000,000 40,000 40,000 The per share and aggregate dividends declared for preferred stock by series (in millions except per share data) was as follows: For the Three Months Ended September 30, 2024 2023 Dividend Aggregate Dividend Aggregate Series Per Share Dividend Per Share Dividend Series C $ 1,156.25 $ 23 $ 1,156.25 $ 23 Series D 562.50 11 562.50 11 Total $ 1,718.75 $ 34 $ 1,718.75 $ 34 For the Nine Months Ended September 30, 2024 2023 Dividend Aggregate Dividend Aggregate Series Per Share Dividend Per Share Dividend Series C $ 2,312.50 $ 46 $ 1,792.19 $ 36 Series D 1,687.50 34 1,743.75 35 Total $ 4,000.00 $ 80 $ 3,535.94 $ 71
Schedule of Common Stock Outstanding Roll Forward	The changes in our common stock (number of shares) were as follows: For the Three For the Nine 2024 2023 2024 2023 Common Stock Balance as of beginning-of-period 170,188,487 169,630,880 169,666,137 169,220,511 Stock compensation/issued for benefit 152,980 27,391 675,330 437,760 Balance as of end-of-period 170,341,467 169,658,271 170,341,467 169,658,271
Reconciliation of the Denominator Calculations of Basic and Diluted Earnings per Share	The calculation of earnings per share (“EPS”) was as follows (in millions except per share data): For the Three For the Nine 2024 2023 2024 2023 Net income (loss) available to common stockholders – basic $ (562) $ 819 $ 1,508 $ 412 Net income (loss) available to common stockholders – diluted $ (562) $ 819 $ 1,511 $ 410 Weighted-average shares, as used in basic calculation 170,773,438 169,645,881 170,482,264 169,529,509 Incremental common shares from assumed exercise or issuance of stock-based incentive compensation awards 2,075,432 623,039 1,575,034 507,752 Average deferred compensation shares — 621,582 710,256 588,183 Weighted-average shares, as used in diluted calculation (1) 172,848,870 170,890,502 172,767,554 170,625,444 Net income (loss) per share: Basic $ (3.29) $ 4.82 $ 8.85 $ 2.43 Diluted (3.29) 4.79 8.75 2.40 (1) Due to reporting a net loss for the three months ended September 30, 2024, basic shares were used in the diluted EPS calculation for this period as the use of diluted shares would have resulted in a lower loss per share.
Components and Changes in AOCI	The following summarizes the components and changes in AOCI (in millions): For the Nine 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Balance as of beginning-of-year $ (5,188) $ (8,916) Unrealized holding gains (losses) arising during the period 1,555 (3,405) Change in foreign currency exchange rate adjustment 124 (21) Change in future contract benefits and policyholder account balances, net of reinsurance (382) 27 Income tax benefit (expense) (276) 707 Less: Reclassification adjustment for gains (losses) included in net income (loss) (163) (1,145) Income tax benefit (expense) 34 240 Balance as of end-of-period $ (4,038) $ (10,703) Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 375 $ 388 Unrealized holding gains (losses) arising during the period 305 231 Change in foreign currency exchange rate adjustment (121) 30 Income tax benefit (expense) (39) (55) Less: Reclassification adjustment for gains (losses) included in net income (loss) 60 68 Income tax benefit (expense) (13) (14) Balance as of end-of-period $ 473 $ 540 Market Risk Benefit Non-Performance Risk Gain (Loss) Balance as of beginning-of-year $ 1,070 $ 1,741 Adjustment arising during the period (367) (944) Income tax benefit (expense) 78 202 Balance as of end-of-period $ 781 $ 999 Policyholder Liability Discount Rate Remeasurement Gain (Loss) Balance as of beginning-of-year $ 587 $ 747 Adjustment arising during the period (209) 347 Income tax benefit (expense) 44 (73) Balance as of end-of-period $ 422 $ 1,021 Foreign Currency Translation Adjustment Balance as of beginning-of-year $ (26) $ (34) Foreign currency translation adjustment arising during the period 8 1 Balance as of end-of-period $ (18) $ (33) Funded Status of Employee Benefit Plans Balance as of beginning-of-year $ (294) $ (278) Adjustment arising during the period (8) (26) Balance as of end-of-period $ (302) $ (304)
Schedule of Reclassifications Out of AOCI	The following summarizes the reclassifications out of AOCI (in millions) and the associated line item on the Consolidated Statements of Comprehensive Income (Loss): For the Nine 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Reclassification $ (193) $ (1,175) Realized gain (loss) Associated change in future contract benefits 30 30 Benefits Reclassification before income tax benefit (expense) (163) (1,145) Income (loss) before taxes Income tax benefit (expense) 34 247 Federal income tax expense (benefit) Reclassification, net of income tax $ (129) $ (898) Net income (loss) Unrealized Gain (Loss) on Derivative Instruments Interest rate contracts (2) – Net investment income Interest rate contracts 20 22 Interest and debt expense Foreign currency contracts 41 42 Net investment income Foreign currency contracts 1 4 Realized gain (loss) Reclassifications before income tax benefit (expense) 60 68 Income (loss) before taxes Income tax benefit (expense) (13) (14) Federal income tax expense (benefit) Reclassifications, net of income tax $ 47 $ 54 Net income (loss)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The tables below reconcile our segment measures of performance to the GAAP measures presented on the Consolidated Statements of Comprehensive Income (Loss) (in millions): For the Three For the Nine 2024 2023 2024 2023 Revenues Operating revenues: Annuities $ 1,195 $ 1,197 $ 3,673 $ 3,528 Life Insurance 1,589 1,723 4,640 5,241 Group Protection 1,432 1,388 4,299 4,176 Retirement Plan Services 335 327 984 988 Other Operations 52 38 118 127 Revenue adjustments from annuity and life insurance product features 149 (14) (325) (1,908) Credit loss-related adjustments (88) (27) (124) (53) Investment gains (losses) (1) (105) (400) (416) (1,126) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans (2) (446) (29) (51) (27) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses (3) (2) – 582 – Total revenues $ 4,111 $ 4,203 $ 13,380 $ 10,946
Reconciliation of Income (Loss) from Operations by Segment to Consolidated Net Income (Loss)	For the Three For the Nine 2024 2023 (4) 2024 2023 (4) Net Income (Loss) Income (loss) from operations: Annuities $ 301 $ 248 $ 857 $ 794 Life Insurance 22 (173) (48) (153) Group Protection 109 68 318 247 Retirement Plan Services 44 43 120 133 Other Operations (84) (102) (276) (293) Net annuity product features, pre-tax (381) 1,322 1,319 1,076 Net life insurance product features, pre-tax (125) 108 (253) (168) Credit loss-related adjustments, pre-tax (88) (27) (124) (53) Investment gains (losses), pre-tax (1) (105) (400) (416) (1,126) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans, pre-tax (2) (446) (29) (51) (27) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses, pre-tax (3) (2) – 582 – Other items, pre-tax (5) (6) (7) (8) (19) (12) (238) (23) Income tax benefit (expense) related to the above pre-tax items 246 (193) (202) 76 Net income (loss) $ (528) $ 853 $ 1,588 $ 483 (1) The three and nine months ended September 30, 2023, include impairments of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company’s intent to sell these securities as part of the fourth quarter 2023 reinsurance transaction. See Notes 3 7 (2) Includes primarily changes in the fair value of the embedded derivative related to the fourth quarter 2023 reinsurance transaction. For more information, see Note 7 (3) For information on the sale of our wealth management business, including the statutory capital benefit, see Note 1 (4) The prior period presentation has been recast to conform to the revised definition of income (loss) from operations. (5) Includes certain legal accruals of $(12) million in the third quarter of 2023 and $(114) million primarily related to the settlement of cost of insurance litigation in the first quarter of 2024. (6) Includes severance expense related to initiatives that realign the workforce of $(3) million, $(3) million, $(49) million, $(7) million and $(16) million in the first quarter of 2023, second quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively. (7) Includes transaction and integration costs related to mergers, acquisitions and divestitures of $(9) million, $(1) million, $(10) million, $(27) million and $(2) million for the second quarter of 2023, third quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively. (8)
Reconciliation of Assets from Segment to Consolidated	Other segment information (in millions) was as follows: As of As of 2024 2023 Assets Annuities $ 202,827 $ 185,599 Life Insurance 115,397 108,932 Group Protection 9,216 9,714 Retirement Plan Services 49,533 46,793 Other Operations 19,867 21,375 Total assets $ 396,840 $ 372,413

Realized Gain (Loss) (Tables)

Realized Gain (Loss) (Tables)	9 Months Ended
	Sep. 30, 2024
Realized Gain (Loss) [Abstract]
Schedule of Realized Gain (Loss)	Details underlying realized gain (loss) (in millions) were as follows: For the Three For the Nine 2024 2023 2024 2023 Fixed maturity AFS securities: Gross gains $ 3 $ 1 $ 11 $ 35 Gross losses (38) (3) (204) (119) Credit loss benefit (expense) (1) (14) (1) (40) (17) Intent to sell impairments (2) – (467) – (1,091) Realized gain (loss) on equity securities (3) 6 8 18 (20) Credit loss benefit (expense) on mortgage loans on real estate (47) (9) (65) (16) Credit loss benefit (expense) on reinsurance-related assets (27) (16) (19) (20) Realized gain (loss) on the mark-to-market on certain instruments (4)(5) (623) 128 (523) (147) Indexed product derivative results (6) 120 4 342 (199) Derivative results (7) 209 (81) (258) (1,454) Realized gain (loss) on subsidiaries/businesses (8) (2) – 582 – Other realized gain (loss) (18) (17) (45) (18) Total realized gain (loss) $ (431) $ (453) $ (201) $ (3,066) (1) Includes changes in the allowance for credit losses as well as direct write-downs to amortized cost as a result of negative credit events. (2) The three and nine months ended September 30, 2023, include impairments of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company’s intent to sell these securities as part of the fourth quarter 2023 reinsurance transaction. See Notes 3 7 (3) Includes mark-to-market adjustments on equity securities still held of $6 million and $9 million for the three months ended September 30, 2024 and 2023, respectively, and $21 million and $(22) million for the nine months ended September 30, 2024 and 2023, respectively. (4) Represents changes in the fair values of derivatives we hold as part of VUL hedging, reinsurance-related embedded derivatives and trading securities. (5) Includes gains and losses from fair value changes on mortgage loans on real estate accounted for under the fair value option of $1 million and $2 million for the three months ended September 30, 2024 and 2023, respectively, and $4 million and $1 million for the nine months ended September 30, 2024 and 2023, respectively. (6) Represents the change in fair value of the index options that we hold and the change in the fair value of the embedded derivative liabilities of our indexed annuity and IUL contracts, and the associated index options to hedge policyholder index allocations applicable to future reset periods for our indexed annuity products. (7) Includes the change in the fair value of the derivative instruments we own to support capital needs associated with our GLB and GDB riders net of fee income allocated to support the cost of purchasing the hedging instruments. (8) For information on the sale of the wealth management business, see Note 1

Nature of Operations and Basi_4

Nature of Operations and Basis of Presentation (Details) $ in Millions		3 Months Ended		9 Months Ended
	May 06, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating segments | segment				4
Gain on disposition of business		$ (2)	$ 0	$ 582	$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Wealth Management Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of interest in consolidated subsidiaries	$ 723
Gain on disposition of business	545
Transaction expenses		$ 2		$ 37
Disposition of business, statutory capital benefit	$ 650

Investments - Reconciliation of

Investments - Reconciliation of Available-for-Sale Securities from Cost Basis to Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 97,688		$ 97,433
Gross Unrealized Gains	1,311		1,091
Gross Unrealized Losses	8,269		9,767
Allowance for Credit Losses	48	$ 39	19	$ 21	$ 25	$ 22
Fair Value	90,682		88,738
Corporate bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	76,437		77,085
Gross Unrealized Gains	1,035		852
Gross Unrealized Losses	7,221		8,272
Allowance for Credit Losses	17	13	8	9	13	9
Fair Value	70,234		69,657
U.S. government bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	416		416
Gross Unrealized Gains	7		6
Gross Unrealized Losses	25		29
Allowance for Credit Losses	0		0
Fair Value	398		393
State and municipal bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	2,848		3,106
Gross Unrealized Gains	52		101
Gross Unrealized Losses	333		417
Allowance for Credit Losses	0		0
Fair Value	2,567		2,790
Foreign government bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	283		314
Gross Unrealized Gains	16		16
Gross Unrealized Losses	47		47
Allowance for Credit Losses	0		0
Fair Value	252		283
RMBS
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	2,009		1,948
Gross Unrealized Gains	36		28
Gross Unrealized Losses	156		197
Allowance for Credit Losses	7	6	6	6	6	7
Fair Value	1,882		1,773
CMBS
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,766		1,622
Gross Unrealized Gains	12		5
Gross Unrealized Losses	135		203
Allowance for Credit Losses	0		0
Fair Value	1,643		1,424
ABS
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	13,681		12,698
Gross Unrealized Gains	126		62
Gross Unrealized Losses	340		585
Allowance for Credit Losses	23	$ 19	4	$ 5	$ 5	$ 5
Fair Value	13,444		12,171
Hybrid and redeemable preferred securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	248		244
Gross Unrealized Gains	27		21
Gross Unrealized Losses	12		17
Allowance for Credit Losses	1		1
Fair Value	$ 262		$ 247

Investments - Available-for-Sal

Investments - Available-for-Sale Securities by Contractual Maturities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
Amortized Cost	$ 97,688	$ 97,433
Fair Value
Total fixed maturity AFS securities	90,682	$ 88,738
Fixed maturity AFS securities other than structured securities
Amortized Cost
Due in one year or less	4,724
Due after one year through five years	17,756
Due after five years through ten years	13,742
Due after ten years	44,010
Amortized Cost	80,232
Fair Value
Due in one year or less	4,697
Due after one year through five years	17,435
Due after five years through ten years	13,028
Due after ten years	38,553
Total fixed maturity AFS securities	73,713
Structured securities (RMBS, CMBS, ABS)
Amortized Cost
Amortized Cost	17,456
Fair Value
Total fixed maturity AFS securities	$ 16,969

Investments - Fair Value and Gr

Investments - Fair Value and Gross Unrealized Losses in a Continuous Unrealized Loss Position (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Fair Value
Less Than or Equal to Twelve Months	$ 31,284	$ 17,427
Greater Than Twelve Months	32,529	44,508
Total	63,813	61,935
Gross Unrealized Losses
Less Than or Equal to Twelve Months	4,449	3,526
Greater Than Twelve Months	3,820	6,241
Total	$ 8,269	$ 9,767
Total number of fixed maturity AFS securities in an unrealized loss position | security	6,458	7,605
Unrealized holding gains (losses) arising during the period	$ (15)	$ (8)
Corporate bonds
Fair Value
Less Than or Equal to Twelve Months	26,120	14,005
Greater Than Twelve Months	26,231	34,595
Total	52,351	48,600
Gross Unrealized Losses
Less Than or Equal to Twelve Months	3,992	3,270
Greater Than Twelve Months	3,229	5,002
Total	7,221	8,272
U.S. government bonds
Fair Value
Less Than or Equal to Twelve Months	38	65
Greater Than Twelve Months	223	195
Total	261	260
Gross Unrealized Losses
Less Than or Equal to Twelve Months	2	6
Greater Than Twelve Months	23	23
Total	25	29
State and municipal bonds
Fair Value
Less Than or Equal to Twelve Months	985	371
Greater Than Twelve Months	709	874
Total	1,694	1,245
Gross Unrealized Losses
Less Than or Equal to Twelve Months	192	72
Greater Than Twelve Months	141	345
Total	333	417
Foreign government bonds
Fair Value
Less Than or Equal to Twelve Months	49	111
Greater Than Twelve Months	100	57
Total	149	168
Gross Unrealized Losses
Less Than or Equal to Twelve Months	18	31
Greater Than Twelve Months	29	16
Total	47	47
RMBS
Fair Value
Less Than or Equal to Twelve Months	472	360
Greater Than Twelve Months	764	886
Total	1,236	1,246
Gross Unrealized Losses
Less Than or Equal to Twelve Months	57	20
Greater Than Twelve Months	99	177
Total	156	197
CMBS
Fair Value
Less Than or Equal to Twelve Months	731	583
Greater Than Twelve Months	515	589
Total	1,246	1,172
Gross Unrealized Losses
Less Than or Equal to Twelve Months	66	56
Greater Than Twelve Months	69	147
Total	135	203
ABS
Fair Value
Less Than or Equal to Twelve Months	2,871	1,900
Greater Than Twelve Months	3,898	7,217
Total	6,769	9,117
Gross Unrealized Losses
Less Than or Equal to Twelve Months	119	68
Greater Than Twelve Months	221	517
Total	340	585
Hybrid and redeemable preferred securities
Fair Value
Less Than or Equal to Twelve Months	18	32
Greater Than Twelve Months	89	95
Total	107	127
Gross Unrealized Losses
Less Than or Equal to Twelve Months	3	3
Greater Than Twelve Months	9	14
Total	$ 12	$ 17

Investments - Schedule of Avail

Investments - Schedule of Available-for-Sale Securities Whose Value is Below Amortized Cost (Details) $ in Millions	Sep. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Fair Value
Nine months or greater, but less than twelve months	$ 31,284	$ 17,427
Twelve months or greater	32,529	44,508
Total	63,813	61,935
Gross Unrealized Losses
Nine months or greater, but less than twelve months	4,449	3,526
Twelve months or greater	3,820	6,241
Total	$ 8,269	$ 9,767
Number of Securities
Total | security	6,458	7,605
Fair Value Decline, Greater Than 20%
Fair Value
Less than six months	$ 700	$ 2,492
Six months or greater, but less than nine months	80	343
Nine months or greater, but less than twelve months	1,658	336
Twelve months or greater	3,300	4,094
Total	5,738	7,265
Gross Unrealized Losses
Less than six months	254	927
Six months or greater, but less than nine months	35	96
Nine months or greater, but less than twelve months	639	109
Twelve months or greater	1,285	2,922
Total	$ 2,213	$ 4,054
Number of Securities
Less than six months | security	294	533
Six months or greater, but less than nine months | security	42	79
Nine months or greater, but less than twelve months | security	367	90
Twelve months or greater | security	597	997
Total | security	1,300	1,699

Investments - Narrative (Detail

Investments - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) investment
Investments [Line Items]
Decrease in gross AFS securities unrealized losses			$ 1,500
Percentage of fair value rated as investment grade	96%		96%		96%
Losses from loan modifications	$ 1	$ 1	$ 3	$ 1
Number of partnerships in alternative investment portfolio | investment	361		361		352
Alternative investments as a percentage of overall invested assets			3%		3%
Fair value of collateral received that we are permitted to sell or re-pledge	$ 25		$ 25
Fixed maturity available-for-sale securities, at fair value	90,682		90,682		$ 88,738
Investment commitments	5,000		5,000
Investment commitments for limited partnerships	3,200		3,200
Investment commitments for mortgage loans on real estate	1,500		1,500
Investment commitments for private placements	287		287
Asset Pledged as Collateral
Investments [Line Items]
Fixed maturity available-for-sale securities, at fair value	19		19
Derivative Counterparties
Investments [Line Items]
Fair value of collateral received that we are permitted to sell or re-pledge	2,300		2,300
Fair value of securities received as collateral that have been resold or repledged	$ 11		$ 11
Minimum
Investments [Line Items]
Percentage of the fair value of securities obtained as collateral under reverse repurchase agreements	80%		80%
Maximum
Investments [Line Items]
Percentage of the fair value of securities obtained as collateral under reverse repurchase agreements	95%		95%
Corporate bonds
Investments [Line Items]
Amortized cost of portfolio rated below investment grade	$ 3,000		$ 3,000		3,000
Fair value of portfolio rated below investment grade	2,900		2,900		2,800
Fannie Mae | MBS
Investments [Line Items]
Fair value, concentration of risk, investments	854		$ 854		$ 739
Fannie Mae | Investments | Lender Concentration Risk | MBS
Investments [Line Items]
Concentration risk			1%		1%
Federal Home Loan Mortgage Corporation | MBS
Investments [Line Items]
Fair value, concentration of risk, investments	573		$ 573		$ 570
Federal Home Loan Mortgage Corporation | Investments | Lender Concentration Risk | MBS
Investments [Line Items]
Concentration risk			1%		1%
Financial Service | Securities Investment
Investments [Line Items]
Fair value, concentration of risk, investments	14,000		$ 14,000		$ 14,000
Financial Service | Investments | Lender Concentration Risk | Securities Investment
Investments [Line Items]
Concentration risk			11%		11%
Consumer Non-Cyclical Industry | Securities Investment
Investments [Line Items]
Fair value, concentration of risk, investments	$ 13,600		$ 13,600		$ 13,800
Consumer Non-Cyclical Industry | Investments | Lender Concentration Risk | Securities Investment
Investments [Line Items]
Concentration risk			10%		11%

Investments - Changes in Allowa

Investments - Changes in Allowance for Credit Losses on AFS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	$ 39	$ 25	$ 19	$ 22
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	7	1	23	21
Additions (reductions) for securities for which credit losses were previously recognized	8	0	17	(3)
Reductions for disposed securities	(1)		0	(1)
Reductions for securities charged-off	(5)	(5)	(11)	(18)
Balance as of end-of-period	48	21	48	21
Accrued interest receivable on fixed maturity AFS securities			927	1,200
Corporate bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	13	13	8	9
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	6	1	8	21
Additions (reductions) for securities for which credit losses were previously recognized	4	0	12	(2)
Reductions for disposed securities	(1)		0	(1)
Reductions for securities charged-off	(5)	(5)	(11)	(18)
Balance as of end-of-period	17	9	17	9
RMBS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	6	6	6	7
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	0	0	0	0
Additions (reductions) for securities for which credit losses were previously recognized	1	0	1	(1)
Reductions for disposed securities	0		0	0
Reductions for securities charged-off	0	0	0	0
Balance as of end-of-period	7	6	7	6
ABS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	19	5	4	5
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	1	0	15	0
Additions (reductions) for securities for which credit losses were previously recognized	3	0	4	0
Reductions for disposed securities	0		0	0
Reductions for securities charged-off	0	0	0	0
Balance as of end-of-period	23	5	23	5
Hybrids
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	1	1	1	1
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	0	0	0	0
Additions (reductions) for securities for which credit losses were previously recognized	0	0	0	0
Reductions for disposed securities	0		0	0
Reductions for securities charged-off	0	0	0	0
Balance as of end-of-period	$ 1	$ 1	$ 1	$ 1

Investments - Composition of Cu

Investments - Composition of Current and Past Due Mortgage Loans on Real Estate (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses	$ (170,000,000)	$ (114,000,000)
Unamortized premium (discount)	57,000,000	36,000,000
Mark-to-market gains (losses)	(33,000,000)	(38,000,000)
Total carrying value	20,856,000,000	18,963,000,000
Loans with fair value option in non-accrual, amortized cost	30,000,000	1,000,000
Loans with fair value option in non-accrual	21,000,000	1,000,000
Loans with fair value option, 90 days past due and still accruing	0	0
Current
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	20,748,000,000	18,921,000,000
30 to 59 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	119,000,000	89,000,000
60 to 89 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	20,000,000	9,000,000
90 or more days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	115,000,000	60,000,000
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses	(123,000,000)	(86,000,000)
Unamortized premium (discount)	(16,000,000)	(7,000,000)
Mark-to-market gains (losses)	(33,000,000)	(37,000,000)
Total carrying value	17,652,000,000	17,187,000,000
Commercial | Current
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	17,684,000,000	17,256,000,000
Commercial | 30 to 59 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	85,000,000	61,000,000
Commercial | 60 to 89 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	0	0
Commercial | 90 or more days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	55,000,000	0
Residential mortgage loans on real estate
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses	(47,000,000)	(28,000,000)
Unamortized premium (discount)	73,000,000	43,000,000
Mark-to-market gains (losses)	0	(1,000,000)
Total carrying value	3,204,000,000	1,776,000,000
Residential mortgage loans on real estate | Current
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	3,064,000,000	1,665,000,000
Residential mortgage loans on real estate | 30 to 59 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	34,000,000	28,000,000
Residential mortgage loans on real estate | 60 to 89 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	20,000,000	9,000,000
Residential mortgage loans on real estate | 90 or more days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	$ 60,000,000	$ 60,000,000

Investments - Amortized Cost of

Investments - Amortized Cost of Mortgage Loans on Real Estate on Nonaccrual Status (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 78	$ 62
Commercial mortgage loans on real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	16	0
Residential mortgage loans on real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 62	$ 62

Investments - Commercial Mortga

Investments - Commercial Mortgage Loans by Year of Origination (Details) - Commercial $ in Millions	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Origination Year
Year one	$ 1,255	$ 1,422
Year two	1,423	1,850
Year three	1,831	2,396
Year four	2,354	1,225
Year five	1,181	2,536
Year six and prior	9,764	7,881
Total	17,808	17,310
LTV Less Than 65%
Origination Year
Year one	1,197	1,368
Year two	1,378	1,710
Year three	1,731	2,335
Year four	2,307	1,214
Year five	1,177	2,446
Year six and prior	9,629	7,789
Total	$ 17,419	$ 16,862
Debt-Service Coverage Ratio
Year one	1.64	1.90
Year two	1.75	2.06
Year three	2.05	3.34
Year four	3.08	3.24
Year five	3.16	2.40
Year six and prior	2.35	2.39
LTV 65% to 75%
Origination Year
Year one	$ 58	$ 54
Year two	45	140
Year three	95	61
Year four	47	11
Year five	4	80
Year six and prior	127	78
Total	$ 376	$ 424
Debt-Service Coverage Ratio
Year one	1.30	1.38
Year two	1.36	1.54
Year three	1.55	1.55
Year four	1.52	1.38
Year five	1.53	1.56
Year six and prior	1.58	1.60
LTV Greater Than 75%
Origination Year
Year one	$ 0	$ 0
Year two	0	0
Year three	5	0
Year four	0	0
Year five	0	10
Year six and prior	8	14
Total	$ 13	$ 24
Debt-Service Coverage Ratio
Year one	0	0
Year two	0	0
Year three	1.31	0
Year four	0	0
Year five	0	2.33
Year six and prior	1.30	0.87

Investments - Residential Mortg

Investments - Residential Mortgage Loans by Year of Origination (Details) - Residential - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 1,260	$ 517
Year two	797	555
Year three	524	483
Year four	448	81
Year five	72	112
Year six and prior	150	57
Total	3,251	1,805
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	1,260	515
Year two	790	533
Year three	498	465
Year four	435	78
Year five	70	99
Year six and prior	136	53
Total	3,189	1,743
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	2
Year two	7	22
Year three	26	18
Year four	13	3
Year five	2	13
Year six and prior	14	4
Total	$ 62	$ 62

Investments - Changes in Allo_2

Investments - Changes in Allowance for Credit Losses on Mortgage Loans on Real Estate (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-year			$ 114
Additions (reductions) from provision for credit loss expense	$ 47	$ 9	65	$ 16
Balance as of end-of-year	170		170
Accrued interest receivable excluded from credit losses	89	54	89	54
Mortgage loans on real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-year	133	105	114	99
Additions (reductions) from provision for credit loss expense	47	8	66	14
Additions from purchases of PCD mortgage loans on real estate	0	0	0	0
Reductions for mortgage loans on real estate charged-off	(10)		(10)
Balance as of end-of-year	170	113	170	113
Credit loss expense (reversal)	1	(1)	1	(2)
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-year			86
Balance as of end-of-year	123		123
Commercial | Mortgage loans on real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-year	93	82	86	84
Additions (reductions) from provision for credit loss expense	40	7	47	5
Additions from purchases of PCD mortgage loans on real estate	0	0	0	0
Reductions for mortgage loans on real estate charged-off	(10)		(10)
Balance as of end-of-year	123	89	123	89
Residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-year			28
Balance as of end-of-year	47		47
Residential | Mortgage loans on real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-year	40	23	28	15
Additions (reductions) from provision for credit loss expense	7	1	19	9
Additions from purchases of PCD mortgage loans on real estate	0	0	0	0
Reductions for mortgage loans on real estate charged-off	0		0
Balance as of end-of-year	$ 47	$ 24	$ 47	$ 24

Investments - Credit Loss Expen

Investments - Credit Loss Expense Incurred (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	$ 0	$ (467)	$ 0	$ (1,091)
Total credit loss benefit (expense)	(7)	(1)	(23)	(21)
Realized Gain (Loss)
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total credit loss benefit (expense)	(14)	(1)	(40)	(17)
Corporate bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(422)	0	(941)
Total credit loss benefit (expense)	(6)	(1)	(8)	(21)
Corporate bonds | Realized Gain (Loss)
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total credit loss benefit (expense)	(9)	(1)	(20)	(18)
State and municipal bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(28)	0	(48)
RMBS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(9)	0	(28)
Total credit loss benefit (expense)	0	0	0	0
RMBS | Realized Gain (Loss)
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total credit loss benefit (expense)	(1)	0	(1)	1
CMBS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(5)	0	(36)
ABS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(2)	0	(37)
Total credit loss benefit (expense)	(1)	0	(15)	0
ABS | Realized Gain (Loss)
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total credit loss benefit (expense)	(4)	0	(19)	0
Hybrid and redeemable preferred securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	$ 0	$ (1)	$ 0	$ (1)

Investments - Payables for Coll

Investments - Payables for Collateral on Investments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Carrying Value
Collateral payable for derivative investments	$ 7,185	$ 5,250
Securities pledged under securities lending agreements	185	205
Investments pledged for FHLBI	3,200	2,650
Total payables for collateral on investments	10,570	8,105
Fair Value
Collateral payable for derivative investments	7,185	5,250
Securities pledged under securities lending agreements	178	197
Investments pledged for Federal Home Loan Bank of Indianapolis('FHLBI')	4,548	3,603
Total payables for collateral on investments	$ 11,911	$ 9,050
Percentage of the fair value of domestic securities obtained as collateral under securities lending agreements.	102%
Percentage of the fair value of foreign securities obtained as collateral under securities lending agreements.	105%
Minimum
Fair Value
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for AFS Securities	105%
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for mortgage loan	155%
Maximum
Fair Value
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for AFS Securities	115%
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for mortgage loan	175%

Investments - Schedule of Incre

Investments - Schedule of Increase (Decrease) in Payables for Collateral on Investments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Investments [Abstract]
Collateral payable for derivative investments	$ 1,935	$ 1,552
Securities pledged under securities lending agreements	(20)	(8)
Investments pledged for FHLBI	550	(210)
Total increase (decrease) in payables for collateral on investments	$ 2,465	$ 1,334

Investments - Schedule of Secur

Investments - Schedule of Securities Pledged by Contractual Maturity (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	$ 185	$ 205
Total gross secured borrowings	185	205
Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	168	202
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	17	3
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total gross secured borrowings	185	205
Overnight and Continuous | Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	168	202
Overnight and Continuous | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	17	3
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total gross secured borrowings	0	0
Up to 30 Days | Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	0	0
Up to 30 Days | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	0	0
30-90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total gross secured borrowings	0	0
30-90 Days | Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	0	0
30-90 Days | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	0	0
Greater Than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total gross secured borrowings	0	0
Greater Than 90 Days | Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	0	0
Greater Than 90 Days | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	$ 0	$ 0

Variable Interest Entities - Co

Variable Interest Entities - Consolidated Variable Interest Entity Asset and Liability Information (Details) $ in Millions	Sep. 30, 2024 USD ($) instrument	Dec. 31, 2023 USD ($) instrument
Disclosure of Variable Interest Entities Assets and Liabilities [Line Items]
Carrying Value	$ 9,522	$ 6,474
Variable Interest Entity, Primary Beneficiary
Disclosure of Variable Interest Entities Assets and Liabilities [Line Items]
Number of Instruments | instrument	1	1
Notional Amounts	$ 527	$ 544
Carrying Value	$ 0	$ 0

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Variable Interest Entity [Line Items]
Other comprehensive income (loss), net of tax	$ 1,687	$ (3,376)	$ 794	$ (2,128)
Other investments	5,743		5,743		$ 5,015
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Other comprehensive income (loss), net of tax	0	$ 0	0	$ 0
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Other investments	$ 5,000		$ 5,000		$ 4,200

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Derivative Instruments With Off-Balance-Sheet Risks (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	$ 327,512	$ 324,318
Gross amount of recognized assets	17,275	12,436
Gross amount of recognized liabilities	19,645	15,006
Interest rate contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	71,410
Foreign currency contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	5,200
Equity market contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	250,790
Credit contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	112
Qualifying Hedges | Cash flow hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	6,175	6,360
Gross amount of recognized assets	538	604
Gross amount of recognized liabilities	88	125
Qualifying Hedges | Cash flow hedges | Interest rate contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	1,345	1,698
Gross amount of recognized assets	106	181
Gross amount of recognized liabilities	5	47
Qualifying Hedges | Cash flow hedges | Foreign currency contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	4,830	4,662
Gross amount of recognized assets	432	423
Gross amount of recognized liabilities	83	78
Qualifying Hedges | Fair value hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	1,091	1,106
Gross amount of recognized assets	1	1
Gross amount of recognized liabilities	51	40
Qualifying Hedges | Fair value hedges | Interest rate contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	1,066	1,081
Gross amount of recognized assets	1	1
Gross amount of recognized liabilities	50	39
Qualifying Hedges | Fair value hedges | Foreign currency contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	25	25
Gross amount of recognized assets	0	0
Gross amount of recognized liabilities	1	1
Non-Qualifying Hedges | Interest rate contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	68,999	90,829
Gross amount of recognized assets	54	636
Gross amount of recognized liabilities	230	979
Non-Qualifying Hedges | Foreign currency contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	345	306
Gross amount of recognized assets	11	11
Gross amount of recognized liabilities	6	6
Non-Qualifying Hedges | Equity market contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	250,790	225,626
Gross amount of recognized assets	15,539	10,244
Gross amount of recognized liabilities	6,332	4,227
Non-Qualifying Hedges | Credit contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	112	91
Gross amount of recognized assets	0	0
Gross amount of recognized liabilities	0	0
Non-Qualifying Hedges | Reinsurance-related
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	0	0
Gross amount of recognized assets	0	0
Gross amount of recognized liabilities	668	552
Non-Qualifying Hedges | RILA, fixed indexed annuity and IUL contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	0	0
Gross amount of recognized assets	1,132	940
Gross amount of recognized liabilities	$ 12,270	$ 9,077

Derivative Instruments - Maturi

Derivative Instruments - Maturity of the Notional Amounts of Derivative Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Maturity of the notional amounts of derivative financial instruments
Less Than 1 Year	$ 216,574
1 - 5 Years	49,540
6 - 10 Years	34,382
11 - 30 Years	24,258
Over 30 Years	2,758
Total	327,512	$ 324,318
Interest rate contracts
Maturity of the notional amounts of derivative financial instruments
Less Than 1 Year	6,473
1 - 5 Years	18,712
6 - 10 Years	23,280
11 - 30 Years	22,347
Over 30 Years	598
Total	71,410
Foreign currency contracts
Maturity of the notional amounts of derivative financial instruments
Less Than 1 Year	226
1 - 5 Years	1,137
6 - 10 Years	1,892
11 - 30 Years	1,903
Over 30 Years	42
Total	5,200
Equity market contracts
Maturity of the notional amounts of derivative financial instruments
Less Than 1 Year	209,875
1 - 5 Years	29,579
6 - 10 Years	9,210
11 - 30 Years	8
Over 30 Years	2,118
Total	250,790
Credit contracts
Maturity of the notional amounts of derivative financial instruments
Less Than 1 Year	0
1 - 5 Years	112
6 - 10 Years	0
11 - 30 Years	0
Over 30 Years	0
Total	$ 112

Derivative Instruments - Cumula

Derivative Instruments - Cumulative Basis Adjustments for Fair Value Hedges (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Amortized cost of the hedged assets	$ 521	$ 534
Amortized cost of the hedged liabilities	(714)	(703)
Cumulative fair value hedging adjustment included in the amortized cost of the hedged assets	42	39
Cumulative fair value hedging adjustment included in the amortized cost of the hedged assets (liabilities)	161	172
Discontinued Hedges
Derivatives, Fair Value [Line Items]
Cumulative fair value hedging adjustment included in the amortized cost of the hedged assets (liabilities)	$ (314)	$ (326)

Derivative Instruments - Change

Derivative Instruments - Change in Our Unrealized Gain on Derivative Instruments in AOCI (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	$ 6,893
Balance as of end-of-period	9,013	$ 3,199
Unrealized Gain (Loss) on Derivative Instruments
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	375	388
Income tax benefit (expense)	(39)	(55)
Reclassification adjustment for gains (losses) included in net income (loss)	60	68
Income tax benefit (expense)	(13)	(14)
Balance as of end-of-period	473	540
Unrealized Gain (Loss) on Derivative Instruments | Interest rate contracts | Net Investment Income
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)	(2)	0
Unrealized Gain (Loss) on Derivative Instruments | Interest rate contracts | Interest and Debt Expense
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)	20	22
Unrealized Gain (Loss) on Derivative Instruments | Foreign currency contracts | Net Investment Income
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)	41	42
Unrealized Gain (Loss) on Derivative Instruments | Foreign currency contracts | Realized Gain (Loss)
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)	1	4
Unrealized holding gains (losses) arising during the period - cash flow hedges
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	305	231
Unrealized holding gains (losses) arising during the period - cash flow hedges | Interest rate contracts
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	138	323
Unrealized holding gains (losses) arising during the period - cash flow hedges | Foreign currency contracts
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	167	(92)
Change in foreign currency exchange rate adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	$ (121)	$ 30

Derivative Instruments - Effect

Derivative Instruments - Effects of Qualifying and Non-Qualifying Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss)	$ (431)	$ (453)	$ (201)	$ (3,066)
Net investment income	1,411	1,494	4,090	4,468
Interest and debt expense	86	84	253	250
Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss)	(431)	(453)	(201)	(3,066)
Net investment income	1,411	1,494	4,090	4,468
Interest and debt expense	86	84	253	250
Realized Gain (Loss) | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate contracts, amount of gain or (loss) reclassified from AOCI into income	0	0	0	0
Foreign currency contracts, amount of gain or (loss) reclassified from AOCI into income	2	2	1	4
Realized Gain (Loss) | Interest rate contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	370	(604)	93	(593)
Realized Gain (Loss) | Foreign currency contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	(1)	0	(1)	(2)
Realized Gain (Loss) | Equity market contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	1,108	163	4,060	913
Realized Gain (Loss) | Commodity contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	(1)	0	10
Realized Gain (Loss) | Credit contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges			0	(2)
Realized Gain (Loss) | Reinsurance-related | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	(513)	24	(116)	(23)
Realized Gain (Loss) | RILA, fixed indexed annuity and IUL contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	(707)	572	(2,677)	(1,706)
Net Investment Income | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate contracts, amount of gain or (loss) reclassified from AOCI into income	(1)	0	(2)	0
Foreign currency contracts, amount of gain or (loss) reclassified from AOCI into income	12	14	41	42
Net Investment Income | Interest rate contracts | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	27	(41)	3	(44)
Derivatives designated as hedging instruments	(27)	41	(3)	44
Net Investment Income | Interest rate contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Net Investment Income | Foreign currency contracts | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	1	0
Derivatives designated as hedging instruments	(1)	0
Net Investment Income | Foreign currency contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Net Investment Income | Equity market contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Net Investment Income | Commodity contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Net Investment Income | Credit contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges			0	0
Net Investment Income | Reinsurance-related | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Net Investment Income | RILA, fixed indexed annuity and IUL contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Interest and Debt Expense | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate contracts, amount of gain or (loss) reclassified from AOCI into income	5	8	20	22
Foreign currency contracts, amount of gain or (loss) reclassified from AOCI into income	0	0	0	0
Interest and Debt Expense | Interest rate contracts | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	(34)	46	(11)	41
Derivatives designated as hedging instruments	34	(46)	11	(41)
Interest and Debt Expense | Interest rate contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Interest and Debt Expense | Foreign currency contracts | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	0	0
Derivatives designated as hedging instruments	0	0
Interest and Debt Expense | Foreign currency contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Interest and Debt Expense | Equity market contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Interest and Debt Expense | Commodity contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Interest and Debt Expense | Credit contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges			0	0
Interest and Debt Expense | Reinsurance-related | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Interest and Debt Expense | RILA, fixed indexed annuity and IUL contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	$ 0	$ 0	$ 0	$ 0

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash flow hedge gain (loss) to be reclassified within 12 months	$ 77
CDs, counterparty collateral	$ 3

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Credit Derivatives (Details) $ in Millions	Sep. 30, 2024 USD ($) instrument	Dec. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Number of Instruments | instrument	2
Fair Value	$ 3
Maximum Potential Payout	$ 112	$ 0

Derivative Instruments - Sche_2

Derivative Instruments - Schedule of Credit Derivatives Contingencies (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Maximum potential payout	$ 112	$ 0
Less: Counterparty thresholds	0	0
Maximum collateral potentially required to post	$ 112	$ 0

Derivative Instruments - Sche_3

Derivative Instruments - Schedule of Collateral Amounts With Rights to Reclaim or Obligation to Return Cash (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNC)	$ 7,156	$ 5,229
Collateral Posted by LNC (Held by Counter- Party)	(8)	(188)
AA-
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNC)	2,604	2,378
Collateral Posted by LNC (Held by Counter- Party)	(7)	(63)
A+
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNC)	3,791	2,496
Collateral Posted by LNC (Held by Counter- Party)	(1)	(125)
A
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNC)	70	82
Collateral Posted by LNC (Held by Counter- Party)	0	0
A-
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNC)	691	273
Collateral Posted by LNC (Held by Counter- Party)	$ 0	$ 0

Derivative Instruments - Sche_4

Derivative Instruments - Schedule of Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financial Assets
Gross amount of recognized assets	$ 17,284	$ 11,867
Gross amounts offset	(6,630)	(4,453)
Net amount of assets	10,654	7,414
Cash collateral	(7,156)	(5,229)
Non-cash collateral	(2,366)	(1,245)
Net amount	1,132	940
Financial Liabilities
Gross amount of recognized liabilities	13,062	10,596
Gross amounts offset	(38)	(612)
Net amount of liabilities	13,024	9,984
Cash collateral	(8)	(188)
Non-cash collateral	(19)	(167)
Net amount	12,997	9,629
Excess non-cash collateral received	1,400	1,300
Excess non-cash collateral pledged		82
Derivative Instruments
Financial Assets
Gross amount of recognized assets	16,152	10,927
Gross amounts offset	(6,630)	(4,453)
Net amount of assets	9,522	6,474
Cash collateral	(7,156)	(5,229)
Non-cash collateral	(2,366)	(1,245)
Net amount	0	0
Financial Liabilities
Gross amount of recognized liabilities	124	967
Gross amounts offset	(38)	(612)
Net amount of liabilities	86	355
Cash collateral	(8)	(188)
Non-cash collateral	(19)	(167)
Net amount	59	0
Embedded Derivative Instruments
Financial Assets
Gross amount of recognized assets	1,132	940
Gross amounts offset	0	0
Net amount of assets	1,132	940
Cash collateral	0	0
Non-cash collateral	0	0
Net amount	1,132	940
Financial Liabilities
Gross amount of recognized liabilities	12,938	9,629
Gross amounts offset	0	0
Net amount of liabilities	12,938	9,629
Cash collateral	0	0
Non-cash collateral	0	0
Net amount	$ 12,938	$ 9,629

DAC, VOBA, DSI, and DFEL - Reco

DAC, VOBA, DSI, and DFEL - Reconciliation of DAC, VOBA and DSI (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs, value of business acquired and deferred sales inducements	$ 12,475	$ 12,397
Traditional Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs, value of business acquired and deferred sales inducements	1,386	1,418
UL and Other
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs, value of business acquired and deferred sales inducements	6,292	6,232
Group Protection
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs, value of business acquired and deferred sales inducements	173	154
Retirement Plan Services
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs, value of business acquired and deferred sales inducements	282	265
Variable Annuities
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs, value of business acquired and deferred sales inducements	3,911	3,873
Fixed Annuities
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs, value of business acquired and deferred sales inducements	$ 431	$ 455

DAC, VOBA, DSI, and DFEL - Re_2

DAC, VOBA, DSI, and DFEL - Reconciliation of DEFL (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Deferred Policy Acquisition Cost [Line Items]
Deferred front-end loads	$ 6,517	$ 5,901
Other Operations
Deferred Policy Acquisition Cost [Line Items]
Deferred front-end loads	50	44
Ceded deferred front end loads	50	44
UL and Other
Deferred Policy Acquisition Cost [Line Items]
Deferred front-end loads	6,193	5,579	$ 5,373	$ 4,766
Ceded deferred front end loads	257	257	0
Variable Annuities
Deferred Policy Acquisition Cost [Line Items]
Deferred front-end loads	274	$ 278	280	$ 286
Ceded deferred front end loads	$ 0		$ 0

DAC, VOBA, DSI, and DFEL - DAC

DAC, VOBA, DSI, and DFEL - DAC (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Amortization	$ (253)	$ (247)	$ (754)	$ (739)
Traditional Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			1,376	1,333
Deferrals			85	148
Amortization			(111)	(108)
Balance as of end-of-period	1,350	1,373	1,350	1,373
UL and Other
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			5,791	5,605
Deferrals			320	346
Amortization			(231)	(221)
Balance as of end-of-period	5,880	5,730	5,880	5,730
Group Protection
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			154	141
Deferrals			100	79
Amortization			(81)	(73)
Balance as of end-of-period	173	147	173	147
Retirement Plan Services
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			239	236
Deferrals			15	16
Amortization			(14)	(14)
Balance as of end-of-period	240	238	240	238
Variable Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			3,751	3,751
Deferrals			307	269
Amortization			(262)	(272)
Balance as of end-of-period	3,796	3,748	3,796	3,748
Fixed Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			421	439
Deferrals			35	31
Amortization			(55)	(51)
Balance as of end-of-period	$ 401	$ 419	$ 401	$ 419

DAC, VOBA, DSI and DFEL - Narra

DAC, VOBA, DSI and DFEL - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]
Deferred policy acquisition costs, amortization expense	$ 253	$ 247	$ 754	$ 739
Value of future insurance profits, amortization expense	12	13	37	41
Deferred sales inducements, amortization expense	4	5	13	14
Deferred front end loads, amortization expense	$ 79	$ 74	$ 230	$ 213

DAC, VOBA, DSI, and DFEL - VOBA

DAC, VOBA, DSI, and DFEL - VOBA (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Movement in Present Value of Future Insurance Profits [Roll Forward]
Amortization	$ (12)	$ (13)	$ (37)	$ (41)
Traditional Life
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance as of beginning-of-year			42	50
Deferrals			0	0
Amortization			(6)	(6)
Balance as of end-of-period	36	44	36	44
UL and Other
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance as of beginning-of-year			413	465
Deferrals			1	1
Amortization			(29)	(33)
Balance as of end-of-period	385	433	385	433
Fixed Annuities
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance as of beginning-of-year			15	17
Deferrals			0	0
Amortization			(2)	(2)
Balance as of end-of-period	$ 13	$ 15	$ 13	$ 15

DAC, VOBA, DSI, and DFEL - DSI

DAC, VOBA, DSI, and DFEL - DSI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Movement in Deferred Sales Inducements [Roll Forward]
Amortization	$ (4)	$ (5)	$ (13)	$ (14)
UL and Other
Movement in Deferred Sales Inducements [Roll Forward]
Balance as of beginning-of-year			28	30
Deferrals			1	1
Amortization			(2)	(2)
Balance as of end-of-period	27	29	27	29
Retirement Plan Services
Movement in Deferred Sales Inducements [Roll Forward]
Balance as of beginning-of-year			26	17
Deferrals			17	5
Amortization			(1)	0
Balance as of end-of-period	42	22	42	22
Variable Annuities
Movement in Deferred Sales Inducements [Roll Forward]
Balance as of beginning-of-year			122	128
Deferrals			1	4
Amortization			(8)	(9)
Balance as of end-of-period	115	123	115	123
Fixed Annuities
Movement in Deferred Sales Inducements [Roll Forward]
Balance as of beginning-of-year			19	23
Deferrals			0	0
Amortization			(2)	(3)
Balance as of end-of-period	$ 17	$ 20	$ 17	$ 20

DAC, VOBA, DSI, and DFEL - DFEL

DAC, VOBA, DSI, and DFEL - DFEL (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Changes in DFEL [Roll Forward]
Balance as of beginning-of-year			$ 5,901
Amortization	$ (79)	$ (74)	(230)	$ (213)
Balance as of end-of-period	6,517		6,517
UL and Other
Changes in DFEL [Roll Forward]
Balance as of beginning-of-year			5,579	4,766
Deferrals			826	800
Amortization			(212)	(193)
Balance as of end-of-period	6,193	5,373	6,193	5,373
Less: ceded DFEL	257	0	257	0	$ 257
Balance as of end-of-period, net of reinsurance	5,936	5,373	5,936	5,373
Variable Annuities
Changes in DFEL [Roll Forward]
Balance as of beginning-of-year			278	286
Deferrals			14	14
Amortization			(18)	(20)
Balance as of end-of-period	274	280	274	280
Less: ceded DFEL	0	0	0	0
Balance as of end-of-period, net of reinsurance	$ 274	$ 280	$ 274	$ 280

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Oct. 01, 2023 agreement
Ceded Credit Risk [Line Items]
Number of reinsurance recoverable agreements | agreement				2
Deposit assets, net of allowance for credit losses	$ 30,501	$ 30,501	$ 28,789
Investments	131,812	131,812	124,331
Fortitude Re
Ceded Credit Risk [Line Items]
Deposits assets	8,000	8,000	7,800
Investments	9,800	9,800	9,900
Fixed Annuities | Fortitude Re
Ceded Credit Risk [Line Items]
Reinsurance recoverables	10,700	10,700	10,500
Reinsurance recoverables on unpaid losses	2,600	2,600	2,700
Reinsurance recoverable amortization	23	67
Deposit assets, net of allowance for credit losses	$ 3,500	$ 3,500	$ 4,200

Reinsurance - Schedule of Asset

Reinsurance - Schedule of Assets in Support of Reserves (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Ceded Credit Risk [Line Items]
Fixed maturity AFS securities	$ 90,682	$ 88,738
Other investments	5,743	5,015
Cash and invested cash	6,013	3,365	$ 2,529	$ 3,343
Accrued investment income	1,160	1,082
Other assets	8,454	9,311
Fortitude Re
Ceded Credit Risk [Line Items]
Fixed maturity AFS securities	8,484	8,867
Other investments	1,178	759
Cash and invested cash	82	141
Accrued investment income	100	103
Other assets	0	1
Total	$ 9,844	$ 9,871

MRBs - Reconciles of MRBs Asset

MRBs - Reconciles of MRBs Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Market Risk Benefit [Line Items]
Assets	$ 4,565	$ 3,894
Liabilities	1,272	1,716
Net (Assets) Liabilities	(3,293)	(2,178)
Variable Annuities
Market Risk Benefit [Line Items]
Assets	4,448	3,763
Liabilities	1,121	1,583
Net (Assets) Liabilities	(3,327)	(2,180)	$ (2,673)	$ (662)
Fixed Annuities
Market Risk Benefit [Line Items]
Assets	73	96
Liabilities	147	128
Net (Assets) Liabilities	74	32	(17)	(45)
Retirement Plan Services
Market Risk Benefit [Line Items]
Assets	44	35
Liabilities	4	5
Net (Assets) Liabilities	$ (40)	$ (30)	$ (33)	$ (22)

MRBs - Summary of Balances of C

MRBs - Summary of Balances of Changes in Net MRB (Assets) Liabilities (Details) - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	$ (2,178)	$ (2,178)
Balance as of end-of-period		(3,293)
Variable Annuities
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(2,180)	(2,180)	$ (662)
Balance as of beginning-of-period, before the effect of changes in non-performance risk	(881)	(881)	1,511
Issuances		6	3
Attributed fees collected		1,143	1,127
Benefit payments		(29)	(49)
Effect of changes in interest rates		(101)	(2,347)
Effect of changes in equity markets		(2,347)	(1,430)
Effect of changes in equity index volatility		(65)	(358)
In-force updates and other changes in MRBs		69	182
Effect of changes in future expected policyholder behavior	(33)	7
Effect of changes in other future expected assumptions	(66)	(199)
Balance as of end-of-year, before the effect of changes in non-performance risk		(2,397)	(1,460)
Effect of cumulative changes in non-performance risk		(930)	(1,213)
Balance as of end-of-period		(3,327)	(2,673)
Less: ceded MRB assets (liabilities)		(340)	(303)
Balance as of end-of-period, net of reinsurance		$ (2,987)	$ (2,370)
Weighted-average age of policyholders (years)		72 years	72 years
Net amount at risk		$ 1,544	$ 6,235
Variable Annuities | Cumulative Effect, Period of Adoption, Adjustment
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(1,299)	(1,299)	(2,173)
Fixed Annuities
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	32	32	(45)
Balance as of beginning-of-period, before the effect of changes in non-performance risk	90	90	(5)
Issuances		0	0
Attributed fees collected		24	23
Benefit payments		0	0
Effect of changes in interest rates		8	(66)
Effect of changes in equity markets		(16)	(5)
Effect of changes in equity index volatility		(4)	6
In-force updates and other changes in MRBs		3	4
Effect of changes in future expected policyholder behavior	70	11
Effect of changes in other future expected assumptions	15	18
Balance as of end-of-year, before the effect of changes in non-performance risk		134	42
Effect of cumulative changes in non-performance risk		(60)	(59)
Balance as of end-of-period		74	(17)
Less: ceded MRB assets (liabilities)		0	0
Balance as of end-of-period, net of reinsurance		$ 74	$ (17)
Weighted-average age of policyholders (years)		69 years	68 years
Net amount at risk		$ 231	$ 188
Fixed Annuities | Cumulative Effect, Period of Adoption, Adjustment
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(58)	(58)	(40)
Retirement Plan Services
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(30)	(30)	(22)
Balance as of beginning-of-period, before the effect of changes in non-performance risk	(26)	(26)	(20)
Issuances		0	0
Attributed fees collected		4	4
Benefit payments		0	0
Effect of changes in interest rates		(6)	(7)
Effect of changes in equity markets		(8)	(6)
Effect of changes in equity index volatility		0	(3)
In-force updates and other changes in MRBs		6	0
Effect of changes in future expected policyholder behavior	0	0
Effect of changes in other future expected assumptions	(2)	(6)
Balance as of end-of-year, before the effect of changes in non-performance risk		(36)	(34)
Effect of cumulative changes in non-performance risk		(4)	1
Balance as of end-of-period		(40)	(33)
Less: ceded MRB assets (liabilities)		0	0
Balance as of end-of-period, net of reinsurance		$ (40)	$ (33)
Weighted-average age of policyholders (years)		63 years	63 years
Net amount at risk		$ 3	$ 9
Retirement Plan Services | Cumulative Effect, Period of Adoption, Adjustment
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	$ (4)	$ (4)	$ (2)

Separate Accounts - Schedule of

Separate Accounts - Schedule of Fair Value of Separate Account Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 171,483	$ 158,257
Mutual funds and collective investment trusts
Fair Value, Separate Account Investment [Line Items]
Separate account assets	170,806	157,578
Exchange-traded funds
Fair Value, Separate Account Investment [Line Items]
Separate account assets	349	350
Fixed maturity AFS securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	166	167
Cash and invested cash
Fair Value, Separate Account Investment [Line Items]
Separate account assets	7	25
Other investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 155	$ 137

Separate Accounts - Summary of

Separate Accounts - Summary of Balances and Changes in Separate Account Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	$ 171,483	$ 158,257
Reinsurance Agreement | Protective
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	50	46
Variable Annuities
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	120,470	113,356	$ 105,192	$ 105,573
UL and Other
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	28,921	25,150	22,642	20,920
Retirement Plan Services
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	22,033	19,699	$ 17,928	$ 16,996
Other
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	$ 59	$ 52

Separate Accounts - Schedule _2

Separate Accounts - Schedule of Reconciliation of Separate Account Liabilities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	$ 158,257
Balance as of end-of-period	171,483
Variable Annuities
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	113,356	$ 105,573
Gross deposits	3,002	2,137
Withdrawals	(10,190)	(7,402)
Policyholder assessments	(1,970)	(1,883)
Change in market performance	15,664	6,320
Net transfers from (to) general account	608	447
Balance as of end-of-period	120,470	105,192
Cash surrender value	119,106	103,729
UL and Other
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	25,150	20,920
Gross deposits	1,058	1,178
Withdrawals	(347)	(227)
Policyholder assessments	(742)	(714)
Change in market performance	3,945	1,573
Net transfers from (to) general account	(143)	(88)
Balance as of end-of-period	28,921	22,642
Cash surrender value	26,498	20,324
Retirement Plan Services
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	19,699	16,996
Gross deposits	1,751	1,576
Withdrawals	(2,382)	(1,795)
Policyholder assessments	(134)	(121)
Change in market performance	3,065	1,316
Net transfers from (to) general account	34	(44)
Balance as of end-of-period	22,033	17,928
Cash surrender value	$ 22,018	$ 17,914

Policyholder Account Balances -

Policyholder Account Balances - Schedule of Policyholder Account Balances (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 125,968	$ 120,737
Variable Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	34,344	29,141	$ 26,772	$ 22,184
Fixed Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	26,359	25,355	23,681	23,365
UL and Other
Policyholder Account Balance [Line Items]
Policyholder account balances	36,692	37,180	37,217	37,694
Retirement Plan Services
Policyholder Account Balance [Line Items]
Policyholder account balances	23,727	23,784	$ 24,099	$ 25,138
Other
Policyholder Account Balance [Line Items]
Policyholder account balances	4,846	5,277
Other | Reinsurance Agreement
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 4,500	$ 4,900

Policyholder Account Balances_2

Policyholder Account Balances - Summary of Balances and Changes in Policyholder Account Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			$ 120,737
Interest credited	$ 880	$ 831	2,555	$ 2,424
Balance as of end-of-period	125,968		125,968
Variable Annuities
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			29,141	22,184
Gross deposits			3,391	3,626
Withdrawals			(726)	(508)
Policyholder assessments			(1)	(1)
Net transfers from (to) separate account			(241)	(311)
Interest credited			506	391
Change in fair value of embedded derivative instrument and other			2,274	1,391
Balance as of end-of-period	$ 34,344	$ 26,772	$ 34,344	$ 26,772
Weighted-average crediting rate	2.10%	2.10%	2.10%	2.10%
Net amount at risk	$ 1,544	$ 6,235	$ 1,544	$ 6,235
Cash surrender value	33,107	25,629	33,107	25,629
Fixed Annuities
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			25,355	23,365
Gross deposits			3,663	2,698
Withdrawals			(3,724)	(2,863)
Policyholder assessments			(45)	(41)
Net transfers from (to) separate account			0	0
Interest credited			593	470
Change in fair value of embedded derivative instrument and other			517	52
Balance as of end-of-period	$ 26,359	$ 23,681	$ 26,359	$ 23,681
Weighted-average crediting rate	3.10%	2.60%	3.10%	2.60%
Net amount at risk	$ 231	$ 188	$ 231	$ 188
Cash surrender value	25,236	22,779	25,236	22,779
UL and Other
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			37,180	37,694
Gross deposits			2,641	2,749
Withdrawals			(1,122)	(1,095)
Policyholder assessments			(3,383)	(3,373)
Net transfers from (to) separate account			143	90
Interest credited			1,109	1,114
Change in fair value of embedded derivative instrument and other			124	38
Balance as of end-of-period	$ 36,692	$ 37,217	$ 36,692	$ 37,217
Weighted-average crediting rate	4%	4%	4%	4%
Net amount at risk	$ 298,334	$ 303,628	$ 298,334	$ 303,628
Cash surrender value	32,982	33,741	32,982	33,741
Retirement Plan Services
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			23,784	25,138
Gross deposits			2,580	2,026
Withdrawals			(3,370)	(3,262)
Policyholder assessments			(10)	(10)
Net transfers from (to) separate account			230	(297)
Interest credited			513	504
Change in fair value of embedded derivative instrument and other			0	0
Balance as of end-of-period	$ 23,727	$ 24,099	$ 23,727	$ 24,099
Weighted-average crediting rate	2.90%	2.70%	2.90%	2.70%
Net amount at risk	$ 3	$ 9	$ 3	$ 9
Cash surrender value	$ 23,697	$ 24,094	$ 23,697	$ 24,094

Policyholder Account Balances_3

Policyholder Account Balances - Summary of Policyholder Account Balances by Ranges (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 125,968	$ 120,737
Variable Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	34,344	29,141	$ 26,772	$ 22,184
Variable Annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,791		2,046
Variable Annuities | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 7		$ 8
Variable Annuities | Up to 1.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1%		1%
Policyholder account balances	$ 0		$ 0
Variable Annuities | Up to 1.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Up to 1.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Up to 1.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Up to 1.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Up to 1.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	10		13
Variable Annuities | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3		5
Variable Annuities | 1.01% - 2.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 1.01% - 2.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 1.01% - 2.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 1.01% - 2.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	7		8
Variable Annuities | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	523		602
Variable Annuities | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	523		602
Variable Annuities | 2.01% - 3.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 2.01% - 3.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 2.01% - 3.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 2.01% - 3.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	1,257		1,429
Variable Annuities | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,257		1,429
Variable Annuities | 3.01% - 4.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 3.01% - 4.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 3.01% - 4.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 3.01% - 4.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
Variable Annuities | 4.01% and above
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4.01%		4.01%
Policyholder account balances	$ 8		$ 10
Variable Annuities | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	8		10
Variable Annuities | 4.01% and above | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 4.01% and above | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 4.01% and above | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | 4.01% and above | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Other
Policyholder Account Balance [Line Items]
Policyholder account balances	32,546		24,718
Variable Annuities | Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Other | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Other | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Other | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Other | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
Variable Annuities | Minimum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1.01%		1.01%
Variable Annuities | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2.01%		2.01%
Variable Annuities | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3.01%		3.01%
Variable Annuities | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2%		2%
Variable Annuities | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3%		3%
Variable Annuities | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4%		4%
Fixed Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 26,359	25,355	$ 23,681	23,365
Fixed Annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3,820		4,243
Fixed Annuities | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	913		565
Fixed Annuities | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	826		733
Fixed Annuities | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	614		974
Fixed Annuities | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 7,099		$ 3,694
Fixed Annuities | Up to 1.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1%		1%
Policyholder account balances	$ 4,540		$ 4,631
Fixed Annuities | Up to 1.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	436		744
Fixed Annuities | Up to 1.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	730		427
Fixed Annuities | Up to 1.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	620		515
Fixed Annuities | Up to 1.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	373		518
Fixed Annuities | Up to 1.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	2,381		2,427
Fixed Annuities | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	5,522		2,519
Fixed Annuities | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	253		481
Fixed Annuities | 1.01% - 2.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	145		106
Fixed Annuities | 1.01% - 2.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	200		212
Fixed Annuities | 1.01% - 2.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	239		456
Fixed Annuities | 1.01% - 2.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	4,685		1,264
Fixed Annuities | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	1,728		1,922
Fixed Annuities | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,649		1,881
Fixed Annuities | 2.01% - 3.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	38		32
Fixed Annuities | 2.01% - 3.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	6		6
Fixed Annuities | 2.01% - 3.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	2		0
Fixed Annuities | 2.01% - 3.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	33		3
Fixed Annuities | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	1,312		955
Fixed Annuities | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,312		955
Fixed Annuities | 3.01% - 4.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | 3.01% - 4.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | 3.01% - 4.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | 3.01% - 4.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
Fixed Annuities | 4.01% and above
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4.01%		4.01%
Policyholder account balances	$ 170		$ 182
Fixed Annuities | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	170		182
Fixed Annuities | 4.01% and above | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | 4.01% and above | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | 4.01% and above | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | 4.01% and above | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | Other
Policyholder Account Balance [Line Items]
Policyholder account balances	13,087		13,472
Fixed Annuities | Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | Other | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | Other | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | Other | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | Other | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
Fixed Annuities | Minimum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1.01%		1.01%
Fixed Annuities | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2.01%		2.01%
Fixed Annuities | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3.01%		3.01%
Fixed Annuities | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2%		2%
Fixed Annuities | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3%		3%
Fixed Annuities | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4%		4%
UL and Other
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 36,692	37,180	$ 37,217	37,694
UL and Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	26,473		27,398
UL and Other | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	10		11
UL and Other | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	374		340
UL and Other | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	121		34
UL and Other | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 3,213		$ 3,543
UL and Other | Up to 1.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1%		1%
Policyholder account balances	$ 656		$ 872
UL and Other | Up to 1.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	261		284
UL and Other | Up to 1.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | Up to 1.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	222		192
UL and Other | Up to 1.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	121		34
UL and Other | Up to 1.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	52		362
UL and Other | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	3,714		3,734
UL and Other | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	553		553
UL and Other | 1.01% - 2.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 1.01% - 2.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 1.01% - 2.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 1.01% - 2.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	3,161		3,181
UL and Other | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	6,812		7,156
UL and Other | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	6,651		6,998
UL and Other | 2.01% - 3.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	10		11
UL and Other | 2.01% - 3.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	151		147
UL and Other | 2.01% - 3.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 2.01% - 3.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	15,427		15,781
UL and Other | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	15,426		15,780
UL and Other | 3.01% - 4.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 3.01% - 4.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1		1
UL and Other | 3.01% - 4.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 3.01% - 4.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
UL and Other | 4.01% and above
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4.01%		4.01%
Policyholder account balances	$ 3,582		$ 3,783
UL and Other | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3,582		3,783
UL and Other | 4.01% and above | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 4.01% and above | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 4.01% and above | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | 4.01% and above | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | Other
Policyholder Account Balance [Line Items]
Policyholder account balances	6,501		5,891
UL and Other | Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | Other | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | Other | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | Other | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | Other | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
UL and Other | Minimum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1.01%		1.01%
UL and Other | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2.01%		2.01%
UL and Other | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3.01%		3.01%
UL and Other | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2%		2%
UL and Other | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3%		3%
UL and Other | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4%		4%
Retirement Plan Services
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 23,727	$ 23,784	$ 24,099	$ 25,138
Retirement Plan Services | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	9,334		10,475
Retirement Plan Services | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1,512		3,001
Retirement Plan Services | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	2,685		2,236
Retirement Plan Services | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	4,416		5,550
Retirement Plan Services | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 5,780		$ 2,837
Retirement Plan Services | Up to 1.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1%		1%
Policyholder account balances	$ 10,227		$ 9,484
Retirement Plan Services | Up to 1.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	515		407
Retirement Plan Services | Up to 1.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	287		596
Retirement Plan Services | Up to 1.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	731		762
Retirement Plan Services | Up to 1.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	3,417		4,882
Retirement Plan Services | Up to 1.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	5,277		2,837
Retirement Plan Services | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	4,938		5,157
Retirement Plan Services | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	470		610
Retirement Plan Services | 1.01% - 2.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1,028		2,405
Retirement Plan Services | 1.01% - 2.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1,947		1,474
Retirement Plan Services | 1.01% - 2.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	990		668
Retirement Plan Services | 1.01% - 2.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	503		0
Retirement Plan Services | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	2,367		2,594
Retirement Plan Services | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2,253		2,594
Retirement Plan Services | 2.01% - 3.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	112		0
Retirement Plan Services | 2.01% - 3.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1		0
Retirement Plan Services | 2.01% - 3.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1		0
Retirement Plan Services | 2.01% - 3.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Retirement Plan Services | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	4,592		5,223
Retirement Plan Services | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4,493		5,223
Retirement Plan Services | 3.01% - 4.00% | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	85		0
Retirement Plan Services | 3.01% - 4.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	6		0
Retirement Plan Services | 3.01% - 4.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	8		0
Retirement Plan Services | 3.01% - 4.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
Retirement Plan Services | 4.01% and above
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4.01%		4.01%
Policyholder account balances	$ 1,603		$ 1,641
Retirement Plan Services | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,603		1,641
Retirement Plan Services | 4.01% and above | 1-50 Basis Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Retirement Plan Services | 4.01% and above | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Retirement Plan Services | 4.01% and above | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Retirement Plan Services | 4.01% and above | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0		$ 0
Retirement Plan Services | Minimum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	1.01%		1.01%
Retirement Plan Services | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2.01%		2.01%
Retirement Plan Services | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3.01%		3.01%
Retirement Plan Services | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	2%		2%
Retirement Plan Services | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	3%		3%
Retirement Plan Services | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rate	4%		4%

Future Contract Benefit - Summa

Future Contract Benefit - Summary of Reconciliation of Future Contract Benefits (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	$ 41,169	$ 39,864
Other
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	3,314	3,371
Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	2,119	2,085	$ 1,943
Traditional Life
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	3,938	3,841	$ 3,538
Group Protection
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	5,773	5,689
UL and Other
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	16,554	15,000
Other Operations
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	9,471	9,879
Protective | Other Operations
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	5,600	5,600
Swiss Re | Other Operations
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	$ 1,900	$ 2,200

Future Contract Benefits - Summ

Future Contract Benefits - Summary of Changes in Present Values of Expected Net Premiums and LFPB (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected LFPB
Net balance as of end-of-period	$ 41,169		$ 39,864
Payout Annuities
Present Value of Expected Net Premiums
Balance as of beginning-of-year	0	$ 0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	$ 0
Effect of actual variances from expected experience			0	0
Adjusted balance as of beginning-of-year	0	0
Issuances	0	0
Interest accrual	0	0
Net premiums collected	0	0
Flooring impact of LFPB	0	0
Ending balance at original discount rate	0	0
Effect of cumulative changes in discount rate assumptions	0	0
Balance as of end-of-period	0	0
Present Value of Expected LFPB
Balance as of beginning-of-year	2,085	2,004
Beginning balance at original discount rate	2,272	2,267
Effect of changes in cash flow assumptions			0	17
Effect of actual variances from expected experience			3	(1)
Adjusted balance as of beginning-of-year			2,275	2,283
Issuances	78	83
Interest accrual	65	64
Benefit payments	(152)	(143)
Ending balance at original discount rate	2,266	2,287
Effect of cumulative changes in discount rate assumptions	(147)	(344)
Balance as of end-of-period	2,119	1,943
Net balance as of end-of-period	2,119	1,943	2,085
Less: reinsurance recoverables	1,578	3
Net balance as of end-of-period, net of reinsurance	$ 541	$ 1,940
Weighted-average duration of future policyholder benefit liability	9 years	9 years
Deferred profit liability	$ 60	$ 38
Payout Annuities | Cumulative Effect, Period of Adoption, Adjustment
Present Value of Expected Net Premiums
Balance as of beginning-of-year	0	0
Present Value of Expected LFPB
Balance as of beginning-of-year	(187)	(263)
Traditional Life
Present Value of Expected Net Premiums
Balance as of beginning-of-year	6,200	6,063
Beginning balance at original discount rate	6,348	6,645
Effect of changes in cash flow assumptions			28	(12)
Effect of actual variances from expected experience			(59)	(280)
Adjusted balance as of beginning-of-year	6,317	6,353
Issuances	289	460
Interest accrual	188	182
Net premiums collected	(596)	(604)
Flooring impact of LFPB	1	(3)
Ending balance at original discount rate	6,199	6,388
Effect of cumulative changes in discount rate assumptions	(19)	(527)
Balance as of end-of-period	6,180	5,861
Present Value of Expected LFPB
Balance as of beginning-of-year	10,041	9,572
Beginning balance at original discount rate	10,230	10,357
Effect of changes in cash flow assumptions			(68)	(29)
Effect of actual variances from expected experience			(70)	(309)
Adjusted balance as of beginning-of-year			10,092	$ 10,019
Issuances	289	461
Interest accrual	299	288
Benefit payments	(576)	(537)
Ending balance at original discount rate	10,104	10,231
Effect of cumulative changes in discount rate assumptions	14	(832)
Balance as of end-of-period	10,118	9,399
Net balance as of end-of-period	3,938	3,538	$ 3,841
Less: reinsurance recoverables	388	450
Net balance as of end-of-period, net of reinsurance	$ 3,550	$ 3,088
Weighted-average duration of future policyholder benefit liability	9 years	9 years
Traditional Life | Cumulative Effect, Period of Adoption, Adjustment
Present Value of Expected Net Premiums
Balance as of beginning-of-year	$ (148)	$ (582)
Present Value of Expected LFPB
Balance as of beginning-of-year	$ (189)	$ (785)

Future Contract Benefits - Su_2

Future Contract Benefits - Summary of Discounted and Undiscounted Expected Future Gross Premiums and Expected Future Benefit Payments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Payout Annuities
Undiscounted
Expected future gross premiums	$ 0	$ 0
Expected future benefit payments	3,437	3,553
Discounted
Expected future gross premiums	0	0
Expected future benefit payments	2,119	1,943
Traditional Life
Undiscounted
Expected future gross premiums	14,126	14,070
Expected future benefit payments	14,377	14,579
Discounted
Expected future gross premiums	9,964	9,294
Expected future benefit payments	$ 10,118	$ 9,399

Future Contract Benefit - Sum_2

Future Contract Benefit - Summary of Gross Premiums and Interest Accretion (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 40	$ 16	$ 84	$ 88
Interest accretion	22	21	65	64
Traditional Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	311	310	942	937
Interest accretion	$ 37	$ 35	$ 111	$ 106

Future Contract Benefit - Sum_3

Future Contract Benefit - Summary of Weighted-Average Interest Rates (Details)	Sep. 30, 2024	Sep. 30, 2023
Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	4%	3.90%
Current discount rate	4.70%	5.80%
Traditional Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	5%	5%
Current discount rate	4.40%	5.60%

Future Contract Benefits - Su_3

Future Contract Benefits - Summary of Changes in Present Values of LFPB (Group Protection) (Details) - Group Protection - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected LFPB
Balance as of beginning-of-year	$ 5,689	$ 5,462
Effect of cumulative changes in discount rate assumptions			$ (490)	$ (597)
Beginning balance at original discount rate	6,179	6,059
Effect of changes in cash flow assumptions			(2)	(27)
Effect of actual variances from expected experience			$ (278)	$ (233)
Adjusted balance as of beginning-of-year	5,899	5,799
Issuances	1,236	1,267
Interest accrual	138	122
Benefit payments	(1,125)	(1,095)
Ending balance at original discount rate	6,148	6,093
Effect of cumulative changes in discount rate assumptions	(375)	(720)
Balance as of end-of-period	5,773	5,373
Less: reinsurance recoverables	120	117
Net balance as of end-of-period, net of reinsurance	$ 5,653	$ 5,256
Weighted-average duration of future policyholder benefit liability	5 years	5 years

Future Contract Benefits - Su_4

Future Contract Benefits - Summary of Discounted and Undiscounted Expected Future Benefit Payments (Group Protection) (Details) - Group Protection - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Undiscounted
Expected future benefit payments	$ 7,154	$ 7,148
Discounted
Expected future benefit payments	$ 5,773	$ 5,373

Future Contract Benefit - Sum_4

Future Contract Benefit - Summary of Gross Premiums and Interest Accretion (Group Protection) (Details) - Group Protection - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 887	$ 874	$ 2,676	$ 2,645
Interest accretion	$ 45	$ 39	$ 138	$ 122

Future Contract Benefit - Sum_5

Future Contract Benefit - Summary of Weighted-Average Interest Rates (Group Protection) (Details) - Group Protection	Sep. 30, 2024	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	3.30%	3%
Current discount rate	4.40%	5.70%

Future Contract Benefits - Su_5

Future Contract Benefits - Summary of Changes in Present Values of LFPB (UL and Other) (Details) - UL and Other - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected LFPB
Balance as of beginning-of-year	$ 15,000	$ 14,818
Effect of cumulative changes in shadow balance in AOCI	(1,863)	(897)	$ (2,222)	$ (905)
Balance as of beginning-of-year, excluding shadow balance in AOCI	17,222	15,723
Effect of changes in cash flow assumptions			244	173
Effect of actual variances from expected experience			$ 170	$ (28)
Adjusted balance as of beginning-of-year	17,636	15,868
Interest accrual	639	573
Net assessments collected	860	895
Benefit payments	(718)	(473)
Balance as of end-of-year, excluding shadow balance in AOCI	18,417	16,863
Balance as of end-of-period	16,554	15,965
Less: reinsurance recoverables	5,139	654
Net balance as of end-of-period, net of reinsurance	$ 11,415	$ 15,311
Weighted-average duration of future policyholder benefit liability	16 years	17 years

Future Contract Benefit - Sum_6

Future Contract Benefit - Summary of Gross Premiums and Interest Accretion (UL and Other) (Details) - UL and Other - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Gross assessments	$ 732	$ 337	$ 2,177	$ 1,794
Interest accretion	$ 218	$ 197	$ 639	$ 573

Future Contract Benefit - Sum_7

Future Contract Benefit - Summary of Weighted-Average Interest Rates (UL and Other) (Details)	Sep. 30, 2024	Sep. 30, 2023
UL and Other
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	5.40%	5.10%

Debt (Details)

Debt (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Jul. 31, 2024
Debt Instrument [Line Items]
Balance as of beginning-of-year	$ 5,949,000,000
Issuance of 5.852% Senior Notes due 2034	350,000,000
Partial repayment of variable-rate term loan, due 2024	(100,000,000)
Unamortized debt issuance costs	(1,000,000)
Unamortized adjustments from discontinued hedges	(12,000,000)
Fair value hedge on interest rate swap agreements	11,000,000
Balance as of end-of-period	$ 6,197,000,000
Due 2034 | Senior notes
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	5.852%
Term Loan Due 2024 | Line of Credit | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 250,000,000
Term Loan Due July 16, 2027 | Line of Credit | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 150,000,000
Term Loan Due July 16, 2027 | Line of Credit | Secured Overnight Financing Rate (SOFR) | Secured Debt
Debt Instrument [Line Items]
Debt instrument, adjustment rate	0.10%
Debt instrument, basis spread on variable rate	1.375%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Carrying and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Fixed maturity AFS securities	$ 90,682	$ 88,738
Trading securities	2,206	2,359
Equity securities	293	306
Mortgage loans on real estate	20,856	18,963
Derivative investments	9,522	6,474
Other investments	5,743	5,015
MRB assets	4,565	3,894
Policyholder account balances:
MRB liabilities	$ (1,272)	$ (1,716)
Other liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Carrying Value
ASSETS
Trading securities	$ 2,206	$ 2,359
Equity securities	293	306
Mortgage loans on real estate	20,856	18,963
Derivative investments	9,522	6,474
Other investments	5,743	5,015
Cash and invested cash	6,013	3,365
MRB assets	4,565	3,894
Other assets:
Separate account assets	171,483	158,257
Policyholder account balances:
Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives	(668)	(552)
MRB liabilities	(1,272)	(1,716)
Short-term debt	(300)	(250)
Long-term debt	(5,897)	(5,699)
Fair Value
ASSETS
Trading securities	2,206	2,359
Equity securities	293	306
Mortgage loans on real estate	19,945	17,407
Derivative investments	9,522	6,474
Other investments	5,743	5,015
Cash and invested cash	6,013	3,365
MRB assets	4,565	3,894
Other assets:
Separate account assets	171,483	158,257
Policyholder account balances:
Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives	(668)	(552)
MRB liabilities	(1,272)	(1,716)
Short-term debt	(297)	(249)
Long-term debt	(5,370)	(5,182)
Other Assets | Carrying Value
Other assets:
Ceded MRBs	2	2
Indexed annuity ceded embedded derivatives	1,132	940
Other Assets | Fair Value
Other assets:
Ceded MRBs	2	2
Indexed annuity ceded embedded derivatives	1,132	940
Policyholder Account Balances | Carrying Value
Policyholder account balances:
Account balances of certain investment contracts	(45,822)	(44,640)
RILA, fixed annuity and IUL contracts	(12,270)	(9,077)
Policyholder Account Balances | Fair Value
Policyholder account balances:
Account balances of certain investment contracts	(35,885)	(34,041)
RILA, fixed annuity and IUL contracts	(12,270)	(9,077)
Other Liabilities | Carrying Value
Other liabilities:
Ceded MRBs	(341)	(239)
Derivative liabilities	(85)	(356)
Remaining guaranteed interest and similar contracts	(355)	(411)
Other Liabilities | Fair Value
Other liabilities:
Ceded MRBs	(341)	(239)
Derivative liabilities	(85)	(356)
Remaining guaranteed interest and similar contracts	(355)	(411)
Fixed maturity AFS securities, at fair value | Carrying Value
ASSETS
Fixed maturity AFS securities	90,682	88,738
Fixed maturity AFS securities, at fair value | Fair Value
ASSETS
Fixed maturity AFS securities	$ 90,682	$ 88,738

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Mortgage Loans With Election of Fair Value Option (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value	$ 263	$ 288
Commercial
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value	263	288
Aggregate contractual principal	$ 297	$ 326

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	$ 293,011	$ 269,878
Liabilities	21,257	16,962
Fair Value, Nonrecurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	0	0
Liabilities	$ 0	$ 0

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Fair Value of Assets and Liabilities on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	$ 293,011	$ 269,878
Liabilities	(21,257)	(16,962)
Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	70,234	69,657
U.S. government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	398	393
State and municipal bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,567	2,790
Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	252	283
RMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,882	1,773
CMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,643	1,424
ABS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	13,444	12,171
Hybrid and redeemable preferred securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	262	247
Trading securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,206	2,359
Equity securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	293	306
Mortgage loans on real estate
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	263	288
Derivative investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	16,143	11,496
Other investments – short-term investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	229	233
Cash and invested cash
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	6,013	3,365
MRB assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,565	3,894
Ceded MRBs
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2	2
Liabilities	(341)	(239)
Indexed annuity ceded embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,132	940
Separate account assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	171,483	158,257
RILA, fixed indexed annuity and IUL contracts
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(12,270)	(9,077)
Reinsurance-related embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(668)	(552)
MRB liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(1,272)	(1,716)
Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(6,706)	(5,378)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	832	823
Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	378	374
Quoted Prices in Active Markets for Identical Assets (Level 1) | State and municipal bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | RMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | CMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | ABS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Hybrid and redeemable preferred securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	51	46
Quoted Prices in Active Markets for Identical Assets (Level 1) | Trading securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	1
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage loans on real estate
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Derivative investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other investments – short-term investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash and invested cash
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | MRB assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Ceded MRBs
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Indexed annuity ceded embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Separate account assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	403	402
Quoted Prices in Active Markets for Identical Assets (Level 1) | RILA, fixed indexed annuity and IUL contracts
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Reinsurance-related embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | MRB liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Significant Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	281,001	258,928
Liabilities	(7,821)	(4,555)
Significant Observable Inputs (Level 2) | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	67,568	67,160
Significant Observable Inputs (Level 2) | U.S. government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	20	19
Significant Observable Inputs (Level 2) | State and municipal bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,567	2,785
Significant Observable Inputs (Level 2) | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	252	283
Significant Observable Inputs (Level 2) | RMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,869	1,760
Significant Observable Inputs (Level 2) | CMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,622	1,416
Significant Observable Inputs (Level 2) | ABS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	11,343	10,687
Significant Observable Inputs (Level 2) | Hybrid and redeemable preferred securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	134	153
Significant Observable Inputs (Level 2) | Trading securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,932	2,075
Significant Observable Inputs (Level 2) | Equity securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	258	263
Significant Observable Inputs (Level 2) | Mortgage loans on real estate
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Significant Observable Inputs (Level 2) | Derivative investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	16,134	10,874
Significant Observable Inputs (Level 2) | Other investments – short-term investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	209	233
Significant Observable Inputs (Level 2) | Cash and invested cash
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	6,013	3,365
Significant Observable Inputs (Level 2) | MRB assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Significant Observable Inputs (Level 2) | Ceded MRBs
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Significant Observable Inputs (Level 2) | Indexed annuity ceded embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Significant Observable Inputs (Level 2) | Separate account assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	171,080	157,855
Significant Observable Inputs (Level 2) | RILA, fixed indexed annuity and IUL contracts
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Significant Observable Inputs (Level 2) | Reinsurance-related embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(1,125)	237
Significant Observable Inputs (Level 2) | MRB liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Significant Observable Inputs (Level 2) | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(6,696)	(4,792)
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	11,178	10,127
Liabilities	(13,436)	(12,407)
Significant Unobservable Inputs (Level 3) | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,666	2,497
Significant Unobservable Inputs (Level 3) | U.S. government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Significant Unobservable Inputs (Level 3) | State and municipal bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	5
Significant Unobservable Inputs (Level 3) | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Significant Unobservable Inputs (Level 3) | RMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	13	13
Significant Unobservable Inputs (Level 3) | CMBS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	21	8
Significant Unobservable Inputs (Level 3) | ABS
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,101	1,484
Significant Unobservable Inputs (Level 3) | Hybrid and redeemable preferred securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	77	48
Significant Unobservable Inputs (Level 3) | Trading securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	274	284
Significant Unobservable Inputs (Level 3) | Equity securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	35	42
Significant Unobservable Inputs (Level 3) | Mortgage loans on real estate
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	263	288
Significant Unobservable Inputs (Level 3) | Derivative investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	9	622
Significant Unobservable Inputs (Level 3) | Other investments – short-term investments
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	20	0
Significant Unobservable Inputs (Level 3) | Cash and invested cash
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Significant Unobservable Inputs (Level 3) | MRB assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,565	3,894
Significant Unobservable Inputs (Level 3) | Ceded MRBs
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2	2
Liabilities	(341)	(239)
Significant Unobservable Inputs (Level 3) | Indexed annuity ceded embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,132	940
Significant Unobservable Inputs (Level 3) | Separate account assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Significant Unobservable Inputs (Level 3) | RILA, fixed indexed annuity and IUL contracts
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(12,270)	(9,077)
Significant Unobservable Inputs (Level 3) | Reinsurance-related embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	457	(789)
Significant Unobservable Inputs (Level 3) | MRB liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(1,272)	(1,716)
Significant Unobservable Inputs (Level 3) | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	$ (10)	$ (586)

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Fair Value Measured on a Recurring Basis Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	$ (5,766)	$ (2,701)	$ (4,458)	$ 269
Items Included in Net Income	(29)	537	(1,511)	(1,865)
Gains (Losses) in OCI and Other	98	(21)	87	(14)
Issuances, Sales, Maturities, Settlements, Calls, Net	336	105	749	(330)
Transfers Into or Out of Level 3, Net	(190)	(156)	(418)	(296)
Ending Fair Value	(5,551)	(2,236)	(5,551)	(2,236)
Corporate bonds | Fixed maturity AFS securities, at fair value
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	2,581	2,366	2,497	2,295
Items Included in Net Income	(1)	(4)	1	1
Gains (Losses) in OCI and Other	43	(14)	25	(13)
Issuances, Sales, Maturities, Settlements, Calls, Net	50	105	264	130
Transfers Into or Out of Level 3, Net	(7)	(43)	(121)	(3)
Ending Fair Value	2,666	2,410	2,666	2,410
State and municipal bonds | Fixed maturity AFS securities, at fair value
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value		36	5	35
Items Included in Net Income		(4)	0	(4)
Gains (Losses) in OCI and Other		1	0	3
Issuances, Sales, Maturities, Settlements, Calls, Net		0	0	(1)
Transfers Into or Out of Level 3, Net		0	(5)	0
Ending Fair Value	0	33	0	33
RMBS | Fixed maturity AFS securities, at fair value
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	18	6	13	1
Items Included in Net Income	0	0	0	0
Gains (Losses) in OCI and Other	0	(1)	(1)	(1)
Issuances, Sales, Maturities, Settlements, Calls, Net	0	0	6	5
Transfers Into or Out of Level 3, Net	(5)	7	(5)	7
Ending Fair Value	13	12	13	12
CMBS | Fixed maturity AFS securities, at fair value
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	23		8	0
Items Included in Net Income	0		0	0
Gains (Losses) in OCI and Other	0		0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	14		29	(4)
Transfers Into or Out of Level 3, Net	(16)		(16)	4
Ending Fair Value	21	0	21	0
ABS | Fixed maturity AFS securities, at fair value
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	1,997	1,208	1,484	1,117
Items Included in Net Income	0	0	0	0
Gains (Losses) in OCI and Other	50	(5)	55	(3)
Issuances, Sales, Maturities, Settlements, Calls, Net	232	247	798	567
Transfers Into or Out of Level 3, Net	(178)	(113)	(236)	(344)
Ending Fair Value	2,101	1,337	2,101	1,337
Hybrid and redeemable preferred securities | Fixed maturity AFS securities, at fair value
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	50	60	48	49
Items Included in Net Income	0	0	0	0
Gains (Losses) in OCI and Other	1	1	3	(2)
Issuances, Sales, Maturities, Settlements, Calls, Net	16	0	16	(2)
Transfers Into or Out of Level 3, Net	10	(13)	10	3
Ending Fair Value	77	48	77	48
Trading securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	273	351	284	581
Items Included in Net Income	7	(3)	7	(1)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	(6)	(4)	(17)	(236)
Transfers Into or Out of Level 3, Net	0	6	0	6
Ending Fair Value	274	350	274	350
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	38	125	42	153
Items Included in Net Income	0	12	(3)	(17)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	1	0	0	1
Transfers Into or Out of Level 3, Net	(4)	0	(4)	0
Ending Fair Value	35	137	35	137
Mortgage loans on real estate
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	258	404	288	487
Items Included in Net Income	2	2	6	0
Gains (Losses) in OCI and Other	4	(3)	5	2
Issuances, Sales, Maturities, Settlements, Calls, Net	(1)	(88)	(36)	(174)
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	263	315	263	315
Derivative investments
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	(8)	31	36	2
Items Included in Net Income	6	(26)	11	(28)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	1	8	3	8
Transfers Into or Out of Level 3, Net	0	0	(51)	31
Ending Fair Value	(1)	13	(1)	13
Other investments
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	0		0
Items Included in Net Income	0		0
Gains (Losses) in OCI and Other	0		0
Issuances, Sales, Maturities, Settlements, Calls, Net	10		10
Transfers Into or Out of Level 3, Net	10		10
Ending Fair Value	20		20
Ceded MRBs | Other Assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	2	2	2	12
Items Included in Net Income	0	0	0	(10)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	0	0	0	0
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	2	2	2	2
Ceded MRBs | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	(344)	(293)	(239)	(205)
Items Included in Net Income	3	(12)	(102)	(100)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	0	0	0	0
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	(341)	(305)	(341)	(305)
Indexed annuity ceded embedded derivatives | Other Assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	967	603	940	525
Items Included in Net Income	191	(49)	238	(37)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	(26)	32	(46)	98
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	1,132	586	1,132	586
RILA, fixed indexed annuity and IUL contracts | Policyholder Account Balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	(11,417)	(7,600)	(9,077)	(4,783)
Items Included in Net Income	(898)	621	(2,915)	(1,669)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	45	(195)	(278)	(722)
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	(12,270)	$ (7,174)	(12,270)	$ (7,174)
Reinsurance-related embedded derivatives | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	(204)		(789)
Items Included in Net Income	661		1,246
Gains (Losses) in OCI and Other	0		0
Issuances, Sales, Maturities, Settlements, Calls, Net	0		0
Transfers Into or Out of Level 3, Net	0		0
Ending Fair Value	$ 457		$ 457

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Schedule of Investment Holdings Movements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	$ 459	$ 264	$ 1,377	$ 609
Sales	(81)	(28)	(344)	(223)
Maturities	1	(1)	(3)	(35)
Settlements	3	(130)	(223)	(668)
Calls	(46)	0	(58)	(13)
Total	336	105	749	(330)
Corporate bonds | Fixed maturity AFS securities, at fair value
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	281	178	922	587
Sales	(61)	(28)	(260)	(65)
Maturities	0	0	(2)	(34)
Settlements	(170)	(45)	(395)	(347)
Calls	0	0	(1)	(11)
Total	50	105	264	130
State and municipal bonds | Fixed maturity AFS securities, at fair value
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances				0
Sales				(1)
Maturities				0
Settlements				0
Calls				0
Total		0	0	(1)
RMBS | Fixed maturity AFS securities, at fair value
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances			6	5
Sales			0	0
Maturities			0	0
Settlements			0	0
Calls			0	0
Total	0	0	6	5
CMBS | Fixed maturity AFS securities, at fair value
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	14		29	0
Sales	0		0	0
Maturities	0		0	0
Settlements	0		0	(4)
Calls	0		0	0
Total	14		29	(4)
ABS | Fixed maturity AFS securities, at fair value
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	402	279	1,128	736
Sales	(20)	0	(50)	(2)
Maturities	0	0	0	0
Settlements	(104)	(32)	(223)	(167)
Calls	(46)	0	(57)	0
Total	232	247	798	567
Hybrid and redeemable preferred securities | Fixed maturity AFS securities, at fair value
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	16		16	0
Sales	0		0	0
Maturities	0		0	0
Settlements	0		0	0
Calls	0		0	(2)
Total	16	0	16	(2)
Trading securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	1	0	6	0
Sales	0	0	(2)	(155)
Maturities	0	0	0	0
Settlements	(7)	(4)	(21)	(81)
Calls	0	0	0	0
Total	(6)	(4)	(17)	(236)
Equity securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	1		1	1
Sales	0		(1)	0
Maturities	0		0	0
Settlements	0		0	0
Calls	0		0	0
Total	1	0	0	1
Mortgage loans on real estate
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	0	1	1	5
Sales	0	0	(31)	0
Maturities	0	0	0	0
Settlements	(1)	(89)	(6)	(179)
Calls	0	0	0	0
Total	(1)	(88)	(36)	(174)
Derivative investments
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	0		4	9
Sales	0		0	0
Maturities	1		(1)	(1)
Settlements	0	0	0	0
Calls	0	0	0	0
Total	1	8	3	8
Other investments
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	10		10
Sales	0		0
Maturities	0		0
Settlements	0		0
Calls	0		0
Total	10		10
Indexed annuity ceded embedded derivatives | Other Assets
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	51	28	103	112
Sales	0	0	0	0
Maturities	0	0	0	0
Settlements	(77)	4	(149)	(14)
Calls	0	0	0	0
Total	(26)	32	(46)	98
RILA, fixed indexed annuity and IUL contracts | Policyholder Account Balances
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	(317)	(231)	(849)	(846)
Sales	0	0	0	0
Maturities	0	0	0	0
Settlements	362	36	571	124
Calls	0	0	0	0
Total	$ 45	$ (195)	$ (278)	$ (722)

Fair Value of Financial Instr_9

Fair Value of Financial Instruments - Changes in Unrealized Gains (Losses) Within Level 3 Financial Instruments Carried at Fair Value and Still Held (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	$ 33	$ 1,397	$ 3,374	$ 2,513
Trading securities
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	7	(3)	6	(2)
Equity securities
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	0	12	(2)	(17)
Mortgage loans on real estate
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	2	2	(2)	(1)
Derivative investments
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	5	(25)	14	(27)
MRBs
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	(665)	1,415	1,357	2,783
Reinsurance-related embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	661	0	1,246	0
Indexed annuity ceded embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	$ 23	$ (4)	$ 755	$ (223)

Fair Value of Financial Inst_10

Fair Value of Financial Instruments - Changes in Unrealized Gains (Losses) Included in OCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	$ 96	$ (26)	$ 36	$ (24)
Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	43	(19)	2	(21)
State and municipal bonds
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	0	2	0	3
RMBS
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	1	(1)	0	(1)
ABS
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	47	(5)	27	(4)
Hybrid and redeemable preferred securities
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	1	0	2	(2)
Mortgage loans on real estate
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	$ 4	$ (3)	$ 5	$ 1

Fair Value of Financial Inst_11

Fair Value of Financial Instruments - Components of the Transfers In and Out of Level 3 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	$ 20	$ 54	$ 92	$ 266
Transfers Out of Level 3	(210)	(210)	(510)	(562)
Total	(190)	(156)	(418)	(296)
Corporate bonds
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	36	22	195
Transfers Out of Level 3	(7)	(79)	(143)	(198)
Total	(7)	(43)	(121)	(3)
RMBS
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	12	0	12
Transfers Out of Level 3	(5)	(5)	(5)	(5)
Total	(5)	7	(5)	7
CMBS
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	0	0	4
Transfers Out of Level 3	(16)	0	(16)	0
Total	(16)	0	(16)	4
State and municipal bonds
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3			0	0
Transfers Out of Level 3			(5)	0
Total			(5)	0
ABS
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	0	50	2
Transfers Out of Level 3	(178)	(113)	(286)	(346)
Total	(178)	(113)	(236)	(344)
Hybrid and redeemable preferred securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	10	0	10	16
Transfers Out of Level 3	0	(13)	0	(13)
Total	10	(13)	10	3
Trading securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	6	0	6
Transfers Out of Level 3	0	0	0	0
Total	0	6	0	6
Equity securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	0	0	0
Transfers Out of Level 3	(4)	0	(4)	0
Total	(4)	0	(4)	0
Derivative investments
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3			0	31
Transfers Out of Level 3			(51)	0
Total			(51)	31
Other investments
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	10	0	10	0
Transfers Out of Level 3	0	0	0	0
Total	$ 10	$ 0	$ 10	$ 0

Fair Value of Financial Inst_12

Fair Value of Financial Instruments - Fair Value Inputs Quantitative Information (Details) $ in Millions	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Assets
Fair Value	$ 90,682	$ 88,738
Market risk benefit assets	4,565	3,894
Liabilities
Market risk benefit liabilities	(1,272)	(1,716)
Corporate bonds
Assets
Fair Value	70,234	69,657
State and municipal bonds
Assets
Fair Value	2,567	2,790
ABS
Assets
Fair Value	13,444	12,171
CMBS
Assets
Fair Value	1,643	1,424
Hybrid and redeemable preferred securities
Assets
Fair Value	262	247
Significant Unobservable Inputs (Level 3)
Assets
Equity securities	5	5
Market risk benefit assets	4,565	3,894
Embedded derivative asset	1,132	940
Liabilities
Embedded derivative liability	(12,176)	(9,013)
Market risk benefit liabilities	(1,272)	(1,716)
Significant Unobservable Inputs (Level 3) | Corporate bonds
Assets
Fair Value	183	186
Significant Unobservable Inputs (Level 3) | State and municipal bonds
Assets
Fair Value		5
Significant Unobservable Inputs (Level 3) | ABS
Assets
Fair Value	11	12
Significant Unobservable Inputs (Level 3) | CMBS
Assets
Fair Value	8	8
Significant Unobservable Inputs (Level 3) | Hybrid and redeemable preferred securities
Assets
Fair Value	24	7
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs
Assets
Market risk benefit assets	2	2
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs
Liabilities
Market risk benefit liabilities	$ (341)	$ (239)
Significant Unobservable Inputs (Level 3) | Minimum | Liquidity/Duration Adjustment
Assets
Equity securities, measurement input	0.045	0.045
Significant Unobservable Inputs (Level 3) | Minimum | Liquidity/Duration Adjustment | Corporate bonds
Assets
Fixed maturity AFS and trading securities, measurement input	0	(0.002)
Significant Unobservable Inputs (Level 3) | Minimum | Liquidity/Duration Adjustment | State and municipal bonds
Assets
Fixed maturity AFS and trading securities, measurement input		0.009
Significant Unobservable Inputs (Level 3) | Minimum | Liquidity/Duration Adjustment | ABS
Assets
Fixed maturity AFS and trading securities, measurement input	0.015	0.018
Significant Unobservable Inputs (Level 3) | Minimum | Liquidity/Duration Adjustment | CMBS
Assets
Fixed maturity AFS and trading securities, measurement input	0.021	0.023
Significant Unobservable Inputs (Level 3) | Minimum | Liquidity/Duration Adjustment | Hybrid and redeemable preferred securities
Assets
Fixed maturity AFS and trading securities, measurement input	0.014	0.014
Significant Unobservable Inputs (Level 3) | Minimum | Lapse
Assets
Embedded derivative asset, measurement input	0	0
Liabilities
Embedded derivative liability, measurement input	0	0
Significant Unobservable Inputs (Level 3) | Minimum | Lapse | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Minimum | Lapse | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Minimum | Utilization of GLB Withdrawls | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.85	0.85
Significant Unobservable Inputs (Level 3) | Minimum | Utilization of GLB Withdrawls | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.85	0.85
Significant Unobservable Inputs (Level 3) | Minimum | Claims Utilization Factor | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.60	0.60
Significant Unobservable Inputs (Level 3) | Minimum | Claims Utilization Factor | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.60	0.60
Significant Unobservable Inputs (Level 3) | Minimum | Premiums Utilization Factor | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.80	0.80
Significant Unobservable Inputs (Level 3) | Minimum | Premiums Utilization Factor | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.80	0.80
Significant Unobservable Inputs (Level 3) | Minimum | Non-Performance Risk | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.0027	0.0051
Significant Unobservable Inputs (Level 3) | Minimum | Non-Performance Risk | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.0027	0.0051
Significant Unobservable Inputs (Level 3) | Minimum | Volatility | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Minimum | Volatility | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Maximum | Liquidity/Duration Adjustment
Assets
Equity securities, measurement input	0.045	0.045
Significant Unobservable Inputs (Level 3) | Maximum | Liquidity/Duration Adjustment | Corporate bonds
Assets
Fixed maturity AFS and trading securities, measurement input	0.042	0.037
Significant Unobservable Inputs (Level 3) | Maximum | Liquidity/Duration Adjustment | State and municipal bonds
Assets
Fixed maturity AFS and trading securities, measurement input		0.022
Significant Unobservable Inputs (Level 3) | Maximum | Liquidity/Duration Adjustment | ABS
Assets
Fixed maturity AFS and trading securities, measurement input	0.015	0.018
Significant Unobservable Inputs (Level 3) | Maximum | Liquidity/Duration Adjustment | CMBS
Assets
Fixed maturity AFS and trading securities, measurement input	0.021	0.023
Significant Unobservable Inputs (Level 3) | Maximum | Liquidity/Duration Adjustment | Hybrid and redeemable preferred securities
Assets
Fixed maturity AFS and trading securities, measurement input	0.020	0.015
Significant Unobservable Inputs (Level 3) | Maximum | Lapse
Assets
Embedded derivative asset, measurement input	0.09	0.09
Liabilities
Embedded derivative liability, measurement input	0.09	0.09
Significant Unobservable Inputs (Level 3) | Maximum | Lapse | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.30	0.30
Significant Unobservable Inputs (Level 3) | Maximum | Lapse | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.30	0.30
Significant Unobservable Inputs (Level 3) | Maximum | Utilization of GLB Withdrawls | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Maximum | Utilization of GLB Withdrawls | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Maximum | Claims Utilization Factor | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Maximum | Claims Utilization Factor | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Maximum | Premiums Utilization Factor | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	1.15	1.15
Significant Unobservable Inputs (Level 3) | Maximum | Premiums Utilization Factor | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	1.15	1.15
Significant Unobservable Inputs (Level 3) | Maximum | Non-Performance Risk | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.0224	0.0213
Significant Unobservable Inputs (Level 3) | Maximum | Non-Performance Risk | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.0224	0.0213
Significant Unobservable Inputs (Level 3) | Maximum | Volatility | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.29	0.29
Significant Unobservable Inputs (Level 3) | Maximum | Volatility | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.29	0.29
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Liquidity/Duration Adjustment
Assets
Equity securities, measurement input	0.045	0.045
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | Corporate bonds
Assets
Fixed maturity AFS and trading securities, measurement input	0.020	0.021
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | State and municipal bonds
Assets
Fixed maturity AFS and trading securities, measurement input		0.021
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | ABS
Assets
Fixed maturity AFS and trading securities, measurement input	0.015	0.018
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | CMBS
Assets
Fixed maturity AFS and trading securities, measurement input	0.021	0.023
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | Hybrid and redeemable preferred securities
Assets
Fixed maturity AFS and trading securities, measurement input	0.018	0.015
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Utilization of GLB Withdrawls | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.94	0.94
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Utilization of GLB Withdrawls | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.94	0.94
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Non-Performance Risk | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.0181	0.0178
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Non-Performance Risk | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.0181	0.0178
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Volatility | Other assets – ceded MRBs
Assets
Market risk benefit, measurement input	0.1447	0.1392
Significant Unobservable Inputs (Level 3) | Weighted Average Range | Volatility | Other liabilities – ceded MRBs
Assets
Market risk benefit, measurement input	0.1447	0.1392

Contingencies and Commitments (

Contingencies and Commitments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Mar. 08, 2024
Commitments and Contingencies Disclosure [Abstract]
Loss contingency, estimate	$ 150
Loss contingency accrual		$ 147.5

Shares and Stockholders' Equity

Shares and Stockholders' Equity - Schedule of Preferred Share Authorized, Issued and Outstanding (Details) - shares	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Preferred stock - authorized (in shares)	10,000,000	10,000,000
Preferred stock - issued (in shares)	40,000	40,000
Preferred stock - outstanding (in shares)	40,000	40,000
9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C
Class of Stock [Line Items]
Preferred stock - authorized (in shares)	20,000	20,000
Preferred stock - issued (in shares)	20,000	20,000
Preferred stock - outstanding (in shares)	20,000	20,000
Percent of non cumulative preferred stock	9.25%
9.000% Non-Cumulative Preferred Stock, Series D
Class of Stock [Line Items]
Preferred stock - authorized (in shares)	20,000	20,000
Preferred stock - issued (in shares)	20,000	20,000
Preferred stock - outstanding (in shares)	20,000	20,000
9.000% Non-Cumulative Preferred Stock, Series D | Series D Depositary Shares
Class of Stock [Line Items]
Percent of non cumulative preferred stock	9%
Not designated
Class of Stock [Line Items]
Preferred stock - authorized (in shares)	9,960,000	9,960,000
Preferred stock - issued (in shares)	0	0
Preferred stock - outstanding (in shares)	0	0

Shares and Stockholders' Equi_2

Shares and Stockholders' Equity - Schedule of Preferred Stock Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Dividend Per Share (in dollars per share)	$ 1,718.75	$ 1,718.75	$ 4,000	$ 3,535.94
Aggregate Dividend	$ 34	$ 34	$ 80	$ 71
Series C Preferred Stock
Class of Stock [Line Items]
Dividend Per Share (in dollars per share)	$ 1,156.25	$ 1,156.25	$ 2,312.5	$ 1,792.19
Aggregate Dividend	$ 23	$ 23	$ 46	$ 36
Series D Preferred Stock
Class of Stock [Line Items]
Dividend Per Share (in dollars per share)	$ 562.50	$ 562.50	$ 1,687.5	$ 1,743.75
Aggregate Dividend	$ 11	$ 11	$ 34	$ 35

Shares and Stockholders' Equi_3

Shares and Stockholders' Equity - Changes in Common Stock (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance as of beginning-of-period (in shares)	170,188,487	169,630,880	169,666,137	169,220,511
Stock compensation/issued for benefit plans (in shares)	152,980	27,391	675,330	437,760
Balance as of end-of-period (in shares)	170,341,467	169,658,271	170,341,467	169,658,271

Shares and Stockholders' Equi_4

Shares and Stockholders' Equity - Reconciliation of the Denominator Calculations of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Net income (loss) available to common stockholders – basic	$ (562)	$ 819	$ 1,508	$ 412
Net income (loss) available to common stockholders – diluted	$ (562)	$ 819	$ 1,511	$ 410
Weighted-average shares, as used in basic calculation (in shares)	170,773,438	169,645,881	170,482,264	169,529,509
Incremental common shares from assumed exercise or issuance of stock-based incentive compensation awards (in shares)	2,075,432	623,039	1,575,034	507,752
Average deferred compensation shares (in shares)	0	621,582	710,256	588,183
Weighted-average shares, as used in diluted calculation (in shares)	172,848,870	170,890,502	172,767,554	170,625,444
Net income (loss) per share:
Basic (in dollars per share)	$ (3.29)	$ 4.82	$ 8.85	$ 2.43
Diluted (in dollars per share)	$ (3.29)	$ 4.79	$ 8.75	$ 2.40

Shares and Stockholders_ Equi_3

Shares and Stockholders’ Equity - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Deferred compensation plan mark to market adjustment	$ 1	$ 1	$ (3)	$ 2

Shares and Stockholders' Equi_5

Shares and Stockholders' Equity - Components and Changes in AOCI (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	$ 6,893
Balance as of end-of-period	9,013	$ 3,199
Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	(5,188)	(8,916)
Income tax benefit (expense)	(276)	707
Reclassification adjustment for gains (losses) included in net income (loss)	(163)	(1,145)
Income tax benefit (expense)	34	240
Balance as of end-of-period	(4,038)	(10,703)
Unrealized holding gains (losses) arising during the year
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	1,555	(3,405)
Change in foreign currency exchange rate adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	124	(21)
Change in future contract benefits and policyholder account balances, net of reinsurance
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	(382)	27
Unrealized Gain (Loss) on Derivative Instruments
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	375	388
Income tax benefit (expense)	(39)	(55)
Reclassification adjustment for gains (losses) included in net income (loss)	60	68
Income tax benefit (expense)	(13)	(14)
Balance as of end-of-period	473	540
Unrealized holding gains (losses) arising during the period - cash flow hedges
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	305	231
Change in foreign currency exchange rate adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Changes arising during the year	(121)	30
Market Risk Benefit Non-Performance Risk Gain (Loss)
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	1,070	1,741
Adjustment arising during the year	(367)	(944)
Income tax benefit (expense)	78	202
Balance as of end-of-period	781	999
Policyholder Liability Discount Rate Remeasurement Gain (Loss)
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	587	747
Adjustment arising during the year	(209)	347
Income tax benefit (expense)	44	(73)
Balance as of end-of-period	422	1,021
Foreign Currency Translation Adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	(26)	(34)
Foreign currency translation adjustment arising during the year	8	1
Balance as of end-of-period	(18)	(33)
Funded Status of Employee Benefit Plans
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-period	(294)	(278)
Adjustment arising during the year	(8)	(26)
Balance as of end-of-period	$ (302)	$ (304)

Shares and Stockholders' Equi_6

Shares and Stockholders' Equity - Schedule of Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	$ 1,411	$ 1,494	$ 4,090	$ 4,468
Interest and debt expense	(86)	(84)	(253)	(250)
Realized gain (loss)	(431)	(453)	(201)	(3,066)
Benefits	(1,937)	(2,152)	(5,948)	(6,635)
Income (loss) before taxes	(703)	1,034	1,922	466
Federal income tax expense (benefit)	175	(181)	(334)	17
Net income (loss)	$ (528)	$ 853	1,588	483
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain (loss)			(193)	(1,175)
Benefits			30	30
Income (loss) before taxes			(163)	(1,145)
Federal income tax expense (benefit)			34	247
Net income (loss)			(129)	(898)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gain (Loss) on Derivative Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest and debt expense			20	22
Realized gain (loss)			1	4
Income (loss) before taxes			60	68
Federal income tax expense (benefit)			(13)	(14)
Net income (loss)			47	54
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gain (Loss) on Derivative Instruments | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income			(2)	0
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gain (Loss) on Derivative Instruments | Foreign currency contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income			$ 41	$ 42

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total revenues	$ 4,111	$ 4,203	$ 13,380	$ 10,946
Other Operations
Segment Reporting Information [Line Items]
Total revenues	52	38	118	127
Revenue adjustments from annuity and life insurance product features
Segment Reporting Information [Line Items]
Total revenues	149	(14)	(325)	(1,908)
Credit loss-related adjustments
Segment Reporting Information [Line Items]
Total revenues	(88)	(27)	(124)	(53)
Investment gains (losses)
Segment Reporting Information [Line Items]
Total revenues	(105)	(400)	(416)	(1,126)
Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans
Segment Reporting Information [Line Items]
Total revenues	(446)	(29)	(51)	(27)
Gains (losses) on other non-financial assets – sale of subsidiaries/businesses
Segment Reporting Information [Line Items]
Total revenues	(2)	0	582	0
Annuities | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,195	1,197	3,673	3,528
Life Insurance | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,589	1,723	4,640	5,241
Group Protection | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,432	1,388	4,299	4,176
Retirement Plan Services | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 335	$ 327	$ 984	$ 988

Segment Information - Reconci_2

Segment Information - Reconciliation of Income (Loss) from Operations by Segment to Consolidated Net Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Net income (loss)	$ (528)			$ 853			$ 1,588	$ 483
Other Operations
Segment Reporting Information [Line Items]
Net income (loss)	(84)			(102)			(276)	(293)
Net annuity product features, pre-tax
Segment Reporting Information [Line Items]
Net income (loss)	(381)			1,322			1,319	1,076
Net life insurance product features, pre-tax
Segment Reporting Information [Line Items]
Net income (loss)	(125)			108			(253)	(168)
Credit loss-related adjustments, pre-tax
Segment Reporting Information [Line Items]
Net income (loss)	(88)			(27)			(124)	(53)
Investment gains (losses), pre-tax
Segment Reporting Information [Line Items]
Net income (loss)	(105)			(400)			(416)	(1,126)
Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans, pre-tax
Segment Reporting Information [Line Items]
Net income (loss)	(446)			(29)			(51)	(27)
Gains (losses) on other non-financial assets – sale of subsidiaries/businesses, pre-tax
Segment Reporting Information [Line Items]
Net income (loss)	(2)			0			582	0
Other items, pre-tax
Segment Reporting Information [Line Items]
Net income (loss)	(19)			(12)			(238)	(23)
Certain legal accruals
Segment Reporting Information [Line Items]
Net income (loss)			$ (114)	(12)
Severance expense for workforce realignment
Segment Reporting Information [Line Items]
Net income (loss)	(16)	$ (7)	(49)		$ (3)	$ (3)
Transaction and integration costs for acquisitions or divestiture
Segment Reporting Information [Line Items]
Net income (loss)	(2)	(27)	(10)	(1)	(9)
Deferred compensation mark-to-market adjustment
Segment Reporting Information [Line Items]
Net income (loss)	(1)	$ 1	$ (13)	1	$ (8)	$ 12
Income tax benefit (expense) related to the above pre-tax items
Segment Reporting Information [Line Items]
Net income (loss)	246			(193)			(202)	76
Annuities | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	301			248			857	794
Life Insurance | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	22			(173)			(48)	(153)
Group Protection | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	109			68			318	247
Retirement Plan Services | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	$ 44			$ 43			$ 120	$ 133

Segment Information - Reconci_3

Segment Information - Reconciliation of Assets from Segments to Consolidated (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	$ 396,840	$ 372,413
Other Operations
Segment Reporting Information [Line Items]
Total assets	19,867	21,375
Annuities | Operating Segments
Segment Reporting Information [Line Items]
Total assets	202,827	185,599
Life Insurance | Operating Segments
Segment Reporting Information [Line Items]
Total assets	115,397	108,932
Group Protection | Operating Segments
Segment Reporting Information [Line Items]
Total assets	9,216	9,714
Retirement Plan Services | Operating Segments
Segment Reporting Information [Line Items]
Total assets	$ 49,533	$ 46,793

Realized Gain (Loss) (Details)

Realized Gain (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fixed maturity AFS securities:
Gross gains	$ 3	$ 1	$ 11	$ 35
Gross losses	(38)	(3)	(204)	(119)
Credit loss benefit (expense)	(14)	(1)	(40)	(17)
Intent to sell impairments	0	(467)	0	(1,091)
Realized gain (loss) on equity securities	6	8	18	(20)
Credit loss benefit (expense) on mortgage loans on real estate	(47)	(9)	(65)	(16)
Credit loss benefit (expense) on reinsurance-related assets	(27)	(16)	(19)	(20)
Realized gain (loss) on the market-to-market on certain instruments	(623)	128	(523)	(147)
Indexed product derivative results	120	4	342	(199)
Derivative results	209	(81)	(258)	(1,454)
Realized gain (loss) on subsidiaries/businesses	(2)	0	582	0
Other realized gain (loss)	(18)	(17)	(45)	(18)
Total realized gain (loss)	(431)	(453)	(201)	(3,066)
Mortgages
Fixed maturity AFS securities:
Realized gain (loss) on the market-to-market on certain instruments	1	2	4	1
Equity securities
Fixed maturity AFS securities:
Realized gain (loss) on equity securities	$ 6	$ 9	$ 21	$ (22)

Federal Income Taxes (Details)

Federal Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	25%	18%	17%	(4.00%)