Lincoln National Life Insurance 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 14, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	000-55871
Entity Registrant Name	THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-0472300
Entity Address, Address Line One	1301 South Harrison Street
Entity Address, City or Town	Fort Wayne
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46802
City Area Code	260
Local Phone Number	455 - 2000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,000,000
Entity Central Index Key	0000726865
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Investments:
Fixed maturity available-for-sale securities, at fair value	$ 81,037	$ 82,300
Trading securities	2,181	2,321
Equity securities	295	306
Mortgage loans on real estate, net of allowance for credit losses	20,008	18,873
Policy loans	2,501	2,463
Derivative investments	8,472	6,305
Other investments	5,385	4,757
Total investments	119,879	117,325
Cash and invested cash	4,662	3,193
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,337	12,418
Reinsurance recoverables, net of allowance for credit losses	50,048	45,110
Deposit assets, net of allowance for credit losses	28,762	21,056
Market risk benefit assets	4,754	3,894
Accrued investment income	1,036	982
Goodwill	1,144	1,144
Other assets	11,113	10,597
Separate account assets	165,199	158,257
Total assets	398,934	373,976
Liabilities
Policyholder account balances	123,715	120,316
Future contract benefits	38,889	40,174
Funds withheld reinsurance liabilities	25,720	13,628
Market risk benefit liabilities	1,275	1,716
Deferred front-end loads	6,327	5,923
Payables for collateral on investments	11,010	7,982
Short-term debt	656	840
Long-term debt	2,177	2,195
Other liabilities	12,937	12,438
Separate account liabilities	165,199	158,257
Total liabilities	387,905	363,469
Contingencies and Commitments (See Note 13)
Stockholder’s Equity
Common stock – $10,000,000 shares authorized, issued and outstanding	12,991	12,961
Retained earnings (deficit)	(575)	(869)
Accumulated other comprehensive income (loss)	(1,387)	(1,585)
Total stockholder’s equity	11,029	10,507
Total liabilities and stockholder’s equity	$ 398,934	$ 373,976

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fixed maturity available-for-sale securities, at fair value
Amortized cost	$ 88,371	$ 88,231
Allowance for credit losses	39	19
Mortgage loans on real estate, net of allowance for credit losses
Fair value	$ 258	$ 288
Stockholder’s Equity
Common stock - authorized (in shares)	10,000,000	10,000,000
Common stock - issued (in shares)	10,000,000	10,000,000
Common stock - outstanding (in shares)	10,000,000	10,000,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues
Insurance premiums	$ (2,766)	$ 1,551	$ (1,235)	$ 3,067
Fee income	1,118	1,307	2,228	2,628
Net investment income	1,232	1,476	2,456	2,885
Realized gain (loss)	283	(3,252)	226	(3,646)
Amortization of deferred gain (loss) on business sold through reinsurance	28	8	58	17
Other revenues	149	157	367	313
Total revenues	44	1,247	4,100	5,264
Expenses
Benefits	(2,726)	1,676	(989)	3,872
Interest credited	781	804	1,533	1,585
Market risk benefit (gain) loss	(169)	(1,238)	(866)	(168)
Policyholder liability remeasurement (gain) loss	(107)	(109)	(118)	(227)
Commissions and other expenses	1,290	1,322	2,693	2,594
Interest and debt expense	48	47	96	93
Total expenses	(883)	2,502	2,349	7,749
Income (loss) before taxes	927	(1,255)	1,751	(2,485)
Federal income tax expense (benefit)	166	(299)	333	(601)
Net income (loss)	761	(956)	1,418	(1,884)
Other comprehensive income (loss), net of tax:
Unrealized investment gain (loss)	136	2,119	669	3,896
Market risk benefit non-performance risk gain (loss)	(197)	(924)	(661)	102
Policyholder liability discount rate remeasurement gain (loss)	85	102	190	(88)
Foreign currency translation adjustment	0	(1)	0	(1)
Total other comprehensive income (loss), net of tax	24	1,296	198	3,909
Comprehensive income (loss)	$ 785	$ 340	$ 1,616	$ 2,025

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDER’S EQUITY - USD ($) $ in Millions	Total	Common Stock	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)
Balance as of beginning-of-year at Dec. 31, 2022		$ 12,903	$ 1,414	$ (5,713)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution from Lincoln National Corporation		5
Stock compensation/issued for benefit plans		27
Net income (loss)	$ (1,884)		(1,884)
Dividends paid to Lincoln National Corporation			(260)
Other comprehensive income (loss), net of tax	3,909			3,909
Balance as of end-of-period at Jun. 30, 2023	10,401	12,935	(730)	(1,804)
Balance as of beginning-of-year at Mar. 31, 2023		12,922	381	(3,100)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution from Lincoln National Corporation		0
Stock compensation/issued for benefit plans		13
Net income (loss)	(956)		(956)
Dividends paid to Lincoln National Corporation			(155)
Other comprehensive income (loss), net of tax	1,296			1,296
Balance as of end-of-period at Jun. 30, 2023	10,401	12,935	(730)	(1,804)
Balance as of beginning-of-year at Dec. 31, 2023	10,507	12,961	(869)	(1,585)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution from Lincoln National Corporation		0
Stock compensation/issued for benefit plans		30
Net income (loss)	1,418		1,418
Dividends paid to Lincoln National Corporation			(1,124)
Other comprehensive income (loss), net of tax	198			198
Balance as of end-of-period at Jun. 30, 2024	11,029	12,991	(575)	(1,387)
Balance as of beginning-of-year at Mar. 31, 2024		12,978	(392)	(1,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution from Lincoln National Corporation		0
Stock compensation/issued for benefit plans		13
Net income (loss)	761		761
Dividends paid to Lincoln National Corporation			(944)
Other comprehensive income (loss), net of tax	24			24
Balance as of end-of-period at Jun. 30, 2024	$ 11,029	$ 12,991	$ (575)	$ (1,387)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net income (loss)	$ 1,418	$ (1,884)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	(226)	3,646
Market risk benefit (gain) loss	(866)	(168)
Sales and maturities (purchases) of trading securities, net	132	603
Amortization of deferred gain (loss) on business sold through reinsurance	(58)	(17)
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals	374	321
Accrued investment income	(25)	(8)
Insurance liabilities and reinsurance-related balances	(1,052)	(1,029)
Accrued expenses	(123)	(55)
Federal income tax accruals	567	(593)
Cash management agreement	(1,188)	(594)
Other	(702)	(120)
Net cash provided by (used in) operating activities	(1,749)	102
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities	(5,230)	(5,256)
Sales of available-for-sale securities and equity securities	1,009	2,405
Maturities of available-for-sale securities	3,513	2,741
Purchases of alternative investments	(543)	(317)
Sales and repayments of alternative investments	88	64
Issuance of mortgage loans on real estate	(2,132)	(719)
Repayment and maturities of mortgage loans on real estate	621	524
Repayment (issuance) of policy loans, net	(38)	(68)
Net change in collateral on investments, certain derivatives and related settlements	3,814	(444)
Cash received from disposition, net of cash transferred	512	0
Other	(50)	(158)
Net cash provided by (used in) investing activities	1,564	(1,228)
Cash Flows from Financing Activities
Capital contribution from Lincoln National Corporation	0	5
Issuance (payment) of short-term debt	(184)	(288)
Payment related to sale-leaseback transactions	(8)	(58)
Proceeds from certain financing arrangements	0	65
Payment related to certain financing arrangements	(88)	(20)
Deposits of fixed account balances	8,101	7,516
Withdrawals of fixed account balances	(6,051)	(5,063)
Transfers from (to) separate accounts, net	87	(381)
Common stock issued for benefit plans	(8)	(6)
Dividends paid to Lincoln National Corporation	(195)	(260)
Net cash provided by (used in) financing activities	1,654	1,510
Net increase (decrease) in cash, invested cash and restricted cash	1,469	384
Cash, invested cash and restricted cash as of beginning-of-year	3,193	2,499
Cash, invested cash and restricted cash as of end-of-period	$ 4,662	$ 2,883

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 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 The Lincoln National Life Insurance Company (“LNL” or the “Company,” which also may be referred to as “we,” “our” or “us”), a wholly owned subsidiary of Lincoln National Corporation (“LNC” or the “Parent Company”), is domiciled in the state of Indiana. We own 100% of the outstanding common stock of one insurance company subsidiary, Lincoln Life & Annuity Company of New York (“LLANY”). We also own several non-insurance companies, including Lincoln Financial Distributors, our wholesale distributor. LNL is licensed and sells its products throughout the U.S. and several U.S. territories. 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 15 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 six months ended June 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. 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 and are not reflected in the results of the reportable segments listed above. Sale of Wealth Management Business On May 6, 2024, our parent company LNC closed the previously announced sale of all of the ownership interests in the subsidiaries of LNC that comprise its wealth management business, including our subsidiary Lincoln Financial Advisors Corporation, 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”). LNC received $725 million in cash upon closing, subject to customary post-close adjustments that are not expected to be material. LNL was allocated $598 million of the cash proceeds, and we recognized a $467 million pre-tax realized gain for the three months ended June 30, 2024, net of transaction expenses. Transaction expenses for the three and six months ended June 30, 2024, of $14 million and $24 million, respectively, were reported in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). For more information, see Note 16

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 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	6 Months Ended
	Jun. 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 June 30, 2024 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 68,308 $ 547 $ 6,819 $ 13 $ 62,023 U.S. government bonds 422 3 37 – 388 State and municipal bonds 2,449 45 254 – 2,240 Foreign government bonds 298 12 54 – 256 RMBS 1,696 20 156 6 1,554 CMBS 1,556 4 158 – 1,402 ABS 13,424 75 533 19 12,947 Hybrid and redeemable preferred securities 218 22 12 1 227 Total fixed maturity AFS securities $ 88,371 $ 728 $ 8,023 $ 39 $ 81,037 As of December 31, 2023 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 68,811 $ 820 $ 5,757 $ 8 $ 63,866 U.S. government bonds 414 7 28 – 393 State and municipal bonds 2,675 97 230 – 2,542 Foreign government bonds 309 15 46 – 278 RMBS 1,719 27 138 6 1,602 CMBS 1,520 5 181 – 1,344 ABS 12,556 62 571 4 12,043 Hybrid and redeemable preferred securities 227 21 15 1 232 Total fixed maturity AFS securities $ 88,231 $ 1,054 $ 6,966 $ 19 $ 82,300 The amortized cost and fair value of fixed maturity AFS securities by contractual maturities (in millions) as of June 30, 2024, were as follows: Amortized Cost Fair Value Due in one year or less $ 4,818 $ 4,766 Due after one year through five years 17,915 17,243 Due after five years through ten years 14,005 12,954 Due after ten years 34,957 30,171 Subtotal 71,695 65,134 Structured securities (RMBS, CMBS, ABS) 16,676 15,903 Total fixed maturity AFS securities $ 88,371 $ 81,037 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 June 30, 2024 Less Than or Equal Greater Than Twelve Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 21,263 $ 2,618 $ 26,263 $ 4,201 $ 47,526 $ 6,819 U.S. government bonds 88 5 198 32 286 37 State and municipal bonds 689 118 563 136 1,252 254 Foreign government bonds 77 24 89 30 166 54 RMBS 516 37 744 119 1,260 156 CMBS 637 68 555 90 1,192 158 ABS 3,052 158 4,679 375 7,731 533 Hybrid and redeemable preferred securities 10 2 100 10 110 12 Total fixed maturity AFS securities $ 26,332 $ 3,030 $ 33,191 $ 4,993 $ 59,523 $ 8,023 Total number of fixed maturity AFS securities in an unrealized loss position 7,077 As of December 31, 2023 Less Than or Equal Greater Than Twelve Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 13,439 $ 1,744 $ 33,285 $ 4,013 $ 46,724 $ 5,757 U.S. government bonds 65 6 194 22 259 28 State and municipal bonds 371 72 814 158 1,185 230 Foreign government bonds 108 31 57 15 165 46 RMBS 355 20 840 118 1,195 138 CMBS 583 56 586 125 1,169 181 ABS 1,898 68 7,212 503 9,110 571 Hybrid and redeemable preferred securities 32 2 94 13 126 15 Total fixed maturity AFS securities $ 16,851 $ 1,999 $ 43,082 $ 4,967 $ 59,933 $ 6,966 Total number of fixed maturity AFS securities in an unrealized loss position 7,167 (1) As of June 30, 2024, and December 31, 2023, we recognized $18 million and $7 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 June 30, 2024 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 3,456 $ 1,043 677 Six months or greater, but less than nine months 2,310 961 493 Nine months or greater, but less than twelve months 378 157 124 Twelve months or greater 3,173 1,383 641 Total $ 9,317 $ 3,544 1,935 As of December 31, 2023 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 2,480 $ 916 529 Six months or greater, but less than nine months 321 90 79 Nine months or greater, but less than twelve months 321 106 87 Twelve months or greater 3,485 1,336 704 Total $ 6,607 $ 2,448 1,399 (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 increased by $1.1 billion for the six months ended June 30, 2024. As discussed further below, we do not believe the unrealized loss position as of June 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 June 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 June 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 June 30, 2024, and December 31, 2023, 96% of the fair value of our corporate bond portfolio was rated investment grade. As of June 30, 2024, and December 31, 2023, the portion of our corporate bond portfolio rated below investment grade had an amortized cost of $2.7 billion and a fair value of $2.6 billion. Based upon the analysis discussed above, we believe that as of June 30, 2024, and December 31, 2023, we would have recovered the amortized cost of each corporate bond. As of June 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 June 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 June 30, 2024 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 10 $ 6 $ 4 $ 1 $ 21 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 1 – 15 – 16 Additions (reductions) for securities for which credit losses were previously recognized 8 – – – 8 Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 13 $ 6 $ 19 $ 1 $ 39 For the Six Months Ended June 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 2 – 15 – 17 Additions (reductions) for securities for which credit losses were previously recognized 11 – – – 11 Reductions for disposed securities (3) – – – (3) Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 13 $ 6 $ 19 $ 1 $ 39 For the Three Months Ended June 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 26 $ 6 $ 4 $ 1 $ 37 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 2 – – – 2 Additions (reductions) for securities for which credit losses were previously recognized (3) – 1 – (2) Reductions for securities charged-off (12) – – – (12) Balance as of end-of-period (2) $ 13 $ 6 $ 5 $ 1 $ 25 For the Six Months Ended June 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-year $ 9 $ 7 $ 4 $ 1 $ 21 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 20 – – – 20 Additions (reductions) for securities for which credit losses were previously recognized (3) (1) 1 – (3) Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (12) – – – (12) Balance as of end-of-period (2) $ 13 $ 6 $ 5 $ 1 $ 25 (1) Represents purchased credit-deteriorated (“PCD”) fixed maturity AFS securities. (2) As of June 30, 2024 and 2023 , accrued investment income on fixed maturity AFS securities totaled $811 million and $1.1 billion , respectively, and was excluded from the estimate of credit losses. 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 June 30, 2024 As of December 31, 2023 Commercial Residential Total Commercial Residential Total Current $ 17,377 $ 2,583 $ 19,960 $ 17,165 $ 1,665 $ 18,830 30 to 59 days past due – 30 30 61 28 89 60 to 89 days past due 22 13 35 – 9 9 90 or more days past due 34 59 93 – 60 60 Allowance for credit losses (92) (40) (132) (86) (28) (114) Unamortized premium (discount) (6) 62 56 (7) 43 36 Mark-to-market gains (losses) (1) (33) (1) (34) (36) (1) (37) Total carrying value $ 17,302 $ 2,706 $ 20,008 $ 17,097 $ 1,776 $ 18,873 (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 June 30, 2024, and December 31, 2023, $30 million and less than $1 million, respectively, of such mortgage loans on real estate were 90 or more days past due. See Note 12 Losses from loan modifications were $3 million and less than $1 million for the three months ended June 30, 2024 and 2023, respectively, and $3 million and less than $1 million for the six months ended June 30, 2024 and 2023, respectively, reported in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). 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 As of December 31, 2023 Commercial mortgage loans on real estate $ 26 $ – Residential mortgage loans on real estate 60 62 Total $ 86 $ 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 June 30, 2024 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2024 $ 746 1.47 $ 31 1.32 $ – – $ 777 2023 1,345 1.58 47 1.33 – – 1,392 2022 1,732 1.74 100 1.41 1 1.17 1,833 2021 2,296 2.03 49 1.47 – – 2,345 2020 1,176 2.46 4 1.05 – – 1,180 2019 and prior 9,766 2.72 134 1.32 – – 9,900 Total $ 17,061 $ 365 $ 1 $ 17,427 As of December 31, 2023 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2023 $ 1,366 1.90 $ 54 1.38 $ – – $ 1,420 2022 1,709 2.07 140 1.54 – – 1,849 2021 2,317 3.34 61 1.55 – – 2,378 2020 1,205 3.23 11 1.38 – – 1,216 2019 2,404 2.39 80 1.56 10 2.33 2,494 2018 and prior 7,770 2.39 78 1.60 14 0.87 7,862 Total $ 16,771 $ 424 $ 24 $ 17,219 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 June 30, 2024 Performing Nonperforming Total Origination Year 2024 $ 957 $ – $ 957 2023 556 4 560 2022 512 24 536 2021 448 15 463 2020 73 3 76 2019 and prior 141 14 155 Total $ 2,687 $ 60 $ 2,747 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 $ 84 $ 31 $ 115 Additions (reductions) from provision for credit loss expense (1) 8 9 17 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 92 $ 40 $ 132 For the Six Months Ended Commercial Residential Total Balance as of beginning-of-year $ 86 $ 28 $ 114 Additions (reductions) from provision for credit loss expense (1) 6 12 18 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 92 $ 40 $ 132 For the Three Months Ended Commercial Residential Total Balance as of beginning-of-period $ 83 $ 20 $ 103 Additions (reductions) from provision for credit loss expense (1) (2) 3 1 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 81 $ 23 $ 104 For the Six Months Ended Commercial Residential Total Balance as of beginning-of-year $ 83 $ 15 $ 98 Additions (reductions) from provision for credit loss expense (1) (2) 8 6 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 81 $ 23 $ 104 (1) We recognized less than $1 million and $(2) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the three months ended June 30, 2024 and 2023, respectively, and $1 million and $(1) million for the six months ended June 30, 2024 and 2023, respectively. (2) Accrued investment income on mortgage loans on real estate totaled $80 million and $53 million as of June 30, 2024 and 2023 , respectively, and was excluded from the estimate of credit losses. Alternative Investments As of June 30, 2024, and December 31, 2023 , alternative investments included investments in 342 and 332 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 Six 2024 2023 2024 2023 Intent to Sell Impairments (1) Fixed maturity AFS securities: Corporate bonds $ – $ (2,748) $ – $ (2,748) State and municipal bonds – (151) – (151) RMBS – (55) – (55) CMBS – (52) – (52) ABS – (53) – (53) Hybrid and redeemable preferred securities – (3) – (3) Total intent to sell impairments $ – $ (3,062) $ – $ (3,062) Credit Loss Benefit (Expense) Fixed maturity AFS securities: Corporate bonds $ (8) $ 1 $ (10) $ (16) RMBS – – – 1 ABS (15) – (15) – Total credit loss benefit (expense) $ (23) $ 1 $ (25) $ (15) (1) The three and six months ended June 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 June 30, 2024 As of December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Collateral payable for derivative investments (1) $ 7,608 $ 7,608 $ 5,127 $ 5,127 Securities pledged under securities lending agreements (2) 202 194 205 197 Investments pledged for FHLBI (3) 3,200 4,396 2,650 3,603 Total payables for collateral on investments $ 11,010 $ 12,198 $ 7,982 $ 8,927 (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 for additional information. (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 June 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 Six 2024 2023 Collateral payable for derivative investments $ 2,481 $ 1,312 Securities pledged under securities lending agreements (3) (8) Investments pledged for FHLBI 550 (980) Total increase (decrease) in payables for collateral on investments $ 3,028 $ 324 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 June 30, 2024 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than Total Securities Lending Corporate bonds $ 180 $ – $ – $ – $ 180 Equity securities 7 – – – 7 U.S. government bonds 15 – – – 15 Total gross secured borrowings $ 202 $ – $ – $ – $ 202 As of December 31, 2023 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than 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 June 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 June 30, 2024, the fair value of this collateral received that we are permitted to sell or re-pledge was $1.0 billion, and we had re-pledged $60 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 $36 million as of June 30, 2024. Investment Commitments As of June 30, 2024, our investment commitments were $4.1 billion, which included $3.1 billion of limited partnerships (“LPs”), $595 million of mortgage loans on real estate and $398 million of private placement securities. Concentrations of Financial Instruments As of June 30, 2024, our most significant investments in one issuer were our investments in securities issued by White Chapel V LLC and White Chapel LLC with a fair value of $1.5 billion and $1.1 billion, respectively, or 1% of total investments. As of December 31, 2023, our most significant investments in one issuer were our investments in securities issued by White Chapel V LLC and White Chapel LLC with a fair value of $1.3 billion and $1.0 billion, respectively, or 1% of total investments. These concentrations include fixed maturity AFS, trading and equity securities.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2024
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities Unconsolidated Variable Interest Entities Structured Securities Through our investment activities, we make passive investments in structured securities issued by variable interest entities (“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 limited liability companies (“LLCs”) that we have concluded are VIEs. Our exposure to loss is limited to the capital we invest in the LPs and LLCs. We do not hold any substantive kick-out or participation rights in the LPs and LLCs, and we do not receive any performance fees or decision maker fees from the LPs and LLCs. Based on our analysis of the LPs and LLCs, we are not the primary beneficiary of the VIEs as we do not have the power to direct the most significant activities of the LPs and LLCs. The carrying amounts of our investments in the LPs and LLCs are recognized in other investments on the Consolidated Balance Sheets and were $4.5 billion and $4.0 billion as of June 30, 2024 , and December 31, 2023 , respectively.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 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 12 for additional disclosures related to the fair value of our derivative instruments. 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 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 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 maturity securities due to interest rate risks. Bond Forwards and Reverse Treasury Locks 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 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. Other Derivatives Lapse Protection Rider Ceded Derivative We also have an inter-company agreement through which Lincoln National Reinsurance Company (Barbados) Limited (“LNBAR”), an affiliated reinsurer, assumes the risk under certain UL contracts for lapse protection riders (“LPR”). If the policyholder’s account balance is insufficient to pay the cost of insurance charges required to keep the policy in force, and the policyholder has made the required deposits, we will be reimbursed for those charges. 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 June 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) $ 545 $ 2 $ 17 $ 485 $ 11 $ 47 Foreign currency contracts (1) 4,849 511 49 4,662 423 78 Total cash flow hedges 5,394 513 66 5,147 434 125 Fair value hedges: Interest rate contracts (1) 444 4 19 450 1 39 Foreign currency contracts (1) 25 1 – 25 – 1 Total fair value hedges 469 5 19 475 1 40 Non-Qualifying Hedges Interest rate contracts (1) 73,628 813 1,173 90,829 636 979 Foreign currency contracts (1) 361 15 1 306 11 6 Equity market contracts (1) 254,659 14,180 5,995 225,251 10,244 4,227 Credit contracts (1) 44 – – 91 – – LPR ceded derivative (2) – 202 – – 206 – Embedded derivatives: Reinsurance-related (3) – 585 – – 493 – RILA, fixed indexed annuity and IUL contracts (4) – 1,756 11,417 – 940 9,077 Total derivative instruments $ 334,555 $ 18,069 $ 18,671 $ 322,099 $ 12,965 $ 14,454 (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 other assets on the Consolidated Balance Sheets. (3) Reported in funds withheld reinsurance liabilities on the Consolidated Balance Sheets. (4) 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 June 30, 2024 Less Than 1 Year 1 - 5 6 - 10 11 - 30 Over 30 Total Interest rate contracts (1) $ 10,391 $ 19,232 $ 23,278 $ 21,716 $ – $ 74,617 Foreign currency contracts (2) 379 1,028 1,775 2,011 42 5,235 Equity market contracts 209,057 35,253 8,177 8 2,164 254,659 Credit contracts – 44 – – – 44 Total derivative instruments with notional amounts $ 219,827 $ 55,557 $ 33,230 $ 23,735 $ 2,206 $ 334,555 (1) As of June 30, 2024 , the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was December 1, 2026. (2) As of June 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 $ 500 $ 534 $ 14 $ 39 The change in our unrealized gain (loss) on derivative instruments within accumulated other comprehensive income (loss) (“AOCI”) (in millions) was as follows: For the Six 2024 2023 Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 249 $ 301 Other comprehensive income (loss): Unrealized holding gains (losses) arising during the period: Cash flow hedges: Interest rate contracts 18 124 Foreign currency contracts 28 80 Change in foreign currency exchange rate adjustment 117 (110) Income tax benefit (expense) (35) (20) Less: Reclassification adjustment for gains (losses) included in net income (loss): Cash flow hedges: Interest rate contracts (1) (1) – Foreign currency contracts (1) 29 27 Foreign currency contracts (2) (1) 3 Income tax benefit (expense) (6) (6) Balance as of end-of-period $ 356 $ 351 (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 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 Benefits Realized Gain (Loss) Net Investment Income Benefits Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 283 $ 1,232 $ (2,726) $ (3,252) $ 1,476 $ 1,676 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – (7) – – (19) – Derivatives designated as hedging instruments – 7 – – 19 – Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income – (1) – – – – Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income (1) 14 – – 13 – Non-Qualifying Hedges Interest rate contracts (115) – – (319) – – Equity market contracts 817 – – 809 – – Credit contracts – – – (1) – – LPR ceded derivative – – (1) – – (3) Embedded derivatives: Reinsurance-related 42 – – 76 – – RILA, fixed indexed annuity and IUL contracts (328) – – (1,554) – – Gain (Loss) Recognized in Income 2024 2023 Realized Gain (Loss) Net Investment Income Benefits Realized Gain (Loss) Net Investment Income Benefits Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 226 $ 2,456 $ (989) $ (3,646) $ 2,885 $ 3,871 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – (24) – – (3) – Derivatives designated as hedging instruments – 24 – – 3 – 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) – – – – Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income (1) 29 – 3 27 – Non-Qualifying Hedges Interest rate contracts (277) – – 12 – – Foreign currency contracts – – – (2) – – Equity market contracts 2,952 – – 750 – – Commodity contracts – – – 11 – – Credit contracts – – – (2) – – LPR ceded derivative – – 4 – – 10 Embedded derivatives: Reinsurance-related 92 – – 9 – – RILA, fixed indexed annuity and IUL contracts (1,970) – – (2,266) – – As of June 30, 2024, $64 million of t he 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 six months ended June 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. As of June 30, 2024 and December 31, 2023, we did not have any exposure related to CDSs for which we are the seller. 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 June 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, we and LLANY 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 June 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 June 30, 2024 As of December 31, 2023 S&P Collateral Collateral Collateral Collateral AA- $ 3,145 $ (49) $ 2,330 $ (63) A+ 3,688 – 2,422 (125) A 70 – 82 – A- 676 – 273 – $ 7,579 $ (49) $ 5,107 $ (188) Balance Sheet Offsetting Information related to the effects of offsetting on the Consolidated Balance Sheets (in millions) was as follows: As of June 30, 2024 Derivative Instruments Embedded Derivative Instruments Total Financial Assets Gross amount of recognized assets $ 15,502 $ 2,341 $ 17,843 Gross amounts offset (7,030) – (7,030) Net amount of assets 8,472 2,341 10,813 Gross amounts not offset: Cash collateral (7,579) – (7,579) Non-cash collateral (1) (893) – (893) Net amount $ – $ 2,341 $ 2,341 Financial Liabilities Gross amount of recognized liabilities 224 11,417 11,641 Gross amounts offset (24) – (24) Net amount of liabilities 200 11,417 11,617 Gross amounts not offset: Cash collateral (49) – (49) Non-cash collateral (2) (151) – (151) Net amount $ – $ 11,417 $ 11,417 (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 $57 million, 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 Instruments Embedded Derivative Instruments Total Financial Assets Gross amount of recognized assets $ 10,714 $ 1,433 $ 12,147 Gross amounts offset (4,409) – (4,409) Net amount of assets 6,305 1,433 7,738 Gross amounts not offset: Cash collateral (5,107) – (5,107) Non-cash collateral (1) (1,198) – (1,198) Net amount – 1,433 1,433 Financial Liabilities Gross amount of recognized liabilities 968 9,077 10,045 Gross amounts offset (612) – (612) Net amount of liabilities 356 9,077 9,433 Gross amounts not offset: Cash collateral (188) – (188) Non-cash collateral (2) (168) – (168) Net amount $ – $ 9,077 $ 9,077 (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 $81 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	6 Months Ended
	Jun. 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 DAC, VOBA and DSI Variable Annuities $ 4,024 $ 4,025 Fixed Annuities 444 456 Traditional Life 1,358 1,374 UL and Other 6,096 6,139 Group Protection 133 154 Retirement Plan Services 282 270 Total DAC, VOBA and DSI $ 12,337 $ 12,418 The following table reconciles deferred front-end loads (“DFEL”) (in millions) to the Consolidated Balance Sheets: As of As of DFEL Variable Annuities $ 296 $ 300 UL and Other (1) 5,984 5,579 Other Operations (2) 47 44 Total DFEL $ 6,327 $ 5,923 (1) We reported $2.3 billion of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of June 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 $47 million and $44 million of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of June 30, 2024, and December 31, 2023, respectively. The following tables summarize the changes in DAC (in millions): For the Six Months Ended June 30, 2024 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,868 $ 421 $ 1,332 $ 5,709 $ 154 $ 244 Business acquired (sold) through reinsurance – – – (73) (38) – Deferrals 190 23 61 198 70 10 Amortization (185) (32) (73) (149) (53) (10) Balance as of end-of-period $ 3,873 $ 412 $ 1,320 $ 5,685 $ 133 $ 244 For the Six Months Ended June 30, 2023 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,880 $ 439 $ 1,286 $ 5,518 $ 141 $ 241 Deferrals 176 23 105 239 53 10 Amortization (187) (34) (71) (144) (49) (9) Balance as of end-of-period $ 3,869 $ 428 $ 1,320 $ 5,613 $ 145 $ 242 DAC amortization expense of $252 million and $502 million was recorded in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2024 , respectively, and $248 million and $494 million, respectively, for the corresponding periods in 2023 . The following tables summarize the changes in VOBA (in millions): For the Six Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 15 $ 42 $ 402 Deferrals – – 1 Amortization (1) (4) (19) Balance as of end-of-period $ 14 $ 38 $ 384 For the Six Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 17 $ 50 $ 454 Deferrals – – 1 Amortization (1) (4) (23) Balance as of end-of-period $ 16 $ 46 $ 432 VOBA amortization expense of $12 million and $24 million was recorded in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2024 , respectively, and $14 million and $28 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 Six Months Ended Variable Annuities Fixed UL and Retirement Plan Services Balance as of beginning-of-year $ 157 $ 20 $ 28 $ 26 Deferrals 1 – 1 12 Amortization (7) (2) (2) – Balance as of end-of-period $ 151 $ 18 $ 27 $ 38 For the Six Months Ended Variable Annuities Fixed UL and Retirement Plan Services Balance as of beginning-of-year $ 167 $ 23 $ 30 $ 17 Deferrals 2 – – 2 Amortization (8) (2) (1) – Balance as of end-of-period $ 161 $ 21 $ 29 $ 19 DSI amortization expense of $5 million and $11 million was recorded in interest credited on the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2024 and 2023. The following tables summarize the changes in DFEL (in millions): For the Six Months Ended June 30, 2024 For the Six Months Ended June 30, 2023 Variable Annuities UL and Variable Annuities UL and Balance as of beginning-of-year $ 300 $ 5,579 $ 310 $ 4,766 Deferrals 9 544 10 529 Amortization (13) (139) (15) (126) Balance as of end-of-period 296 5,984 305 5,169 Less: ceded DFEL – 2,346 – 30 Balance as of end-of-period, net of reinsurance $ 296 $ 3,638 $ 305 $ 5,139 DFEL amortization of $78 million and $152 million was recorded in fee income on the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2024 , respectively, and $72 million and $141 million, respectively, for the corresponding periods in 2023.

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2024
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance Lincoln Pinehurst Reinsurance Company (Bermuda) Limited Effective June 30, 2024, we entered into a reinsurance agreement with Lincoln Pinehurst Reinsurance Company (Bermuda) Limited (“LPINE”), an affiliated reinsurer, to reinsure certain blocks of in-force group protection and fixed annuity products. This agreement is structured as coinsurance with funds withheld. As significant insurance risk was transferred for the group protection block, amounts recoverable from LPINE were $4.2 billion as of June 30, 2024. We recorded a deferred loss of $144 million as of June 30, 2024. Fixed annuities are not life-contingent and do not contain significant insurance risk; therefore, we recorded deposit assets of $6.8 billion as of June 30, 2024. In this coinsurance with funds withheld reinsurance agreement, we as the ceding company withhold, and therefore retain, the assets backing the reserves and deposit assets. We held investments with a carrying value of $11.0 billion in support of reserves associated with the LPINE transaction in a funds withheld arrangement as of June 30, 2024, which consisted of the following (in millions): Fixed maturity AFS securities $ 9,349 Mortgage loans on real estate 1,531 Accrued investment income 94 Total $ 10,974 See “Realized Gain (Loss)” in Note 16 LNBAR We reinsure blocks of business to LNBAR, an affiliated reinsurer. Effective October 1, 2023, we entered into an agreement with LNBAR that is structured as a coinsurance treaty, with some assets withheld, for certain blocks of in-force MoneyGuard® products. As significant insurance risk was transferred for the MoneyGuard blocks, amounts recoverable from LNBAR were $14.4 billion and $13.2 billion as of June 30, 2024, and December 31, 2023, respectively. We reported a deferred gain on the transaction of $4.2 billion as of June 30, 2024, and December 31, 2023. We amortized $40 million and $83 million of the deferred gain during the three and six months ended June 30, 2024, respectively. We held other investments and cash and invested cash with a carrying value of $1.1 billion and $871 million as of June 30, 2024, and December 31, 2023, respectively, in support of reserves associated with this agreement. LNBAR has funded trusts to support reserves ceded by us of which the balance in the trusts changes as a result of ongoing reinsurance activity and totaled $13.3 billion and $13.0 billion as of June 30, 2024, and December 31, 2023, respectively. Fortitude Reinsurance Company Ltd. Effective October 1, 2023, we entered into a reinsurance agreement 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”) and fixed annuity products, including group pension annuities. Fortitude Re represents our largest unaffiliated reinsurance exposure as of June 30, 2024, and December 31, 2023. The agreement between us and Fortitude Re is structured as a coinsurance treaty 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 $10.5 billion as of June 30, 2024, and December 31, 2023. We reported a deferred loss on the transaction of $2.6 billion and $2.7 billion as of June 30, 2024, and December 31, 2023, respectively. We amortized $22 million and $44 million of the deferred loss during the three and six months ended June 30, 2024, respectively. Annuities that are not life-contingent do not contain significant insurance risk; therefore, we reported deposit assets for these contracts of $3.6 billion and $4.2 billion as of June 30, 2024, and December 31, 2023, respectively.

MRBs

MRBs	6 Months Ended
	Jun. 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 June 30, 2024 As of December 31, 2023 Assets Liabilities Net (Assets) Liabilities Assets Liabilities Net (Assets) Liabilities Variable Annuities $ 4,620 $ 1,152 $ (3,468) $ 3,763 $ 1,583 $ (2,180) Fixed Annuities 95 119 24 96 128 32 Retirement Plan Services 39 4 (35) 35 5 (30) Total MRBs $ 4,754 $ 1,275 $ (3,479) $ 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 Six Months Ended As of or For the Six Months Ended 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 5 – – 3 – – Attributed fees collected 760 16 3 755 17 3 Benefit payments (21) – – (35) – – Effect of changes in interest rates (1,470) (27) (8) 215 3 10 Effect of changes in equity markets (1,469) (15) (5) (2,205) (6) (9) Effect of changes in equity index volatility (63) (4) – (372) 2 (3) In-force updates and other changes in MRBs (1) 153 2 1 120 2 – Balance as of end-of-period, before the effect of changes in non-performance risk (2,986) 62 (35) (8) 13 (19) Effect of cumulative changes in non-performance risk (482) (38) – (2,288) (47) (9) Balance as of end-of-period (3,468) 24 (35) (2,296) (34) (28) Less: ceded MRB assets (liabilities) (2,143) – (8) (1,035) – (4) Balance as of end-of-period, net of reinsurance $ (1,325) $ 24 $ (27) $ (1,261) $ (34) $ (24) Weighted-average age of policyholders (years) 72 69 63 72 68 63 Net amount at risk (2) $ 2,135 $ 221 $ 3 $ 4,783 $ 213 $ 6 (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) 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. See “MRBs” in Note 12

Separate Accounts

Separate Accounts	6 Months Ended
	Jun. 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 $ 164,537 $ 157,578 Exchange-traded funds 345 350 Fixed maturity AFS securities 162 167 Cash and invested cash 4 25 Other investments 151 137 Total separate account assets $ 165,199 $ 158,257 The following table reconciles separate account liabilities (in millions) to the Consolidated Balance Sheets: As of As of 2024 2023 Variable Annuities $ 116,770 $ 113,356 UL and Other 27,381 25,150 Retirement Plan Services 20,993 19,699 Other Operations (1) 55 52 Total separate account liabilities $ 165,199 $ 158,257 (1) Represents separate account liabilities reported in Other Operations primarily attributable to the indemnity reinsurance agreements with Protective ($48 million and $46 million as of June 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 Six As of or For the Six 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 1,925 695 1,105 1,367 821 1,078 Withdrawals (6,604) (193) (1,514) (4,915) (154) (1,123) Policyholder assessments (1,301) (493) (89) (1,251) (476) (79) Change in market performance 9,026 2,335 1,802 9,950 2,374 1,953 Net transfers from (to) general account 368 (113) (10) 274 (76) (36) Balance as of end-of-period $ 116,770 $ 27,381 $ 20,993 $ 110,998 $ 23,409 $ 18,789 Cash surrender value $ 115,389 $ 24,979 $ 20,979 $ 109,501 $ 21,080 $ 18,774

Policyholder Account Balances

Policyholder Account Balances	6 Months Ended
	Jun. 30, 2024
Policyholder Account Balance [Abstract]
Policyholder Account Balances	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 $ 32,853 $ 29,141 Fixed Annuities 25,814 25,330 UL and Other 36,474 36,784 Retirement Plan Services 23,598 23,784 Other (1) 4,976 5,277 Total policyholder account balances $ 123,715 $ 120,316 (1) Represents policyholder account balances reported primarily in Other Operations attributable to the indemnity reinsurance agreements with Protective ($4.6 billion and $4.9 billion as of June 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 Six Months Ended June 30, 2024 Variable Annuities Fixed UL and Retirement Balance as of beginning-of-year $ 29,141 $ 25,330 $ 36,784 $ 23,784 Gross deposits 2,102 2,646 1,736 1,636 Withdrawals (413) (2,600) (739) (2,275) Policyholder assessments (1) (31) (2,232) (7) Net transfers from (to) separate account (146) – 113 120 Interest credited 328 382 726 340 Change in fair value of embedded derivative instruments 1,842 87 86 – Balance as of end-of-period $ 32,853 $ 25,814 $ 36,474 $ 23,598 Weighted-average crediting rate 2.1 % 3.0 % 4.0 % 2.9 % Net amount at risk (1)(2) $ 2,135 $ 221 $ 298,237 $ 3 Cash surrender value 31,650 24,738 32,091 23,570 As of or For the Six Months Ended June 30, 2023 Variable Annuities Fixed UL and Retirement Balance as of beginning-of-year $ 22,184 $ 23,338 $ 37,258 $ 25,138 Gross deposits 2,437 1,919 1,826 1,317 Withdrawals (328) (1,920) (705) (2,094) Policyholder assessments (1) (28) (2,224) (7) Net transfers from (to) separate account (198) – 76 (259) Interest credited 240 312 735 335 Change in fair value of embedded derivative instruments 1,923 165 76 – Balance as of end-of-period $ 26,257 $ 23,786 $ 37,042 $ 24,430 Weighted-average crediting rate 2.0 % 2.6 % 4.0 % 2.7 % Net amount at risk (1)(2) $ 4,783 $ 213 $ 301,018 $ 6 Cash surrender value 25,146 22,889 32,822 24,425 (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 June 30, 2024 At 1-50 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 4 – – – 6 10 2.01% - 3.00% 539 – – – – 539 3.01% - 4.00% 1,289 – – – – 1,289 4.01% and above 9 – – – – 9 Other (1) – – – – – 31,006 Total $ 1,841 $ – $ – $ – $ 6 $ 32,853 Fixed Annuities Up to 1.00% $ 615 $ 609 $ 594 $ 463 $ 2,464 $ 4,745 1.01% - 2.00% 304 133 279 329 4,301 5,346 2.01% - 3.00% 1,694 40 5 1 31 1,771 3.01% - 4.00% 1,036 – – – – 1,036 4.01% and above 173 – – – – 173 Other (1) – – – – – 12,743 Total $ 3,822 $ 782 $ 878 $ 793 $ 6,796 $ 25,814 UL and Other Up to 1.00% $ 264 $ – $ 218 $ 119 $ 42 $ 643 1.01% - 2.00% 544 – – – 3,186 3,730 2.01% - 3.00% 6,797 10 150 – – 6,957 3.01% - 4.00% 15,068 – 1 – – 15,069 4.01% and above 3,679 – – – – 3,679 Other (1) – – – – – 6,396 Total $ 26,352 $ 10 $ 369 $ 119 $ 3,228 $ 36,474 Retirement Plan Services Up to 1.00% $ 489 $ 502 $ 727 $ 3,684 $ 4,511 $ 9,913 1.01% - 2.00% 509 1,648 1,382 1,154 220 4,913 2.01% - 3.00% 2,394 25 1 – – 2,420 3.01% - 4.00% 4,667 57 5 5 – 4,734 4.01% and above 1,618 – – – – 1,618 Total $ 9,677 $ 2,232 $ 2,115 $ 4,843 $ 4,731 $ 23,598 As of June 30, 2023 At 1-50 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 4 – – – 8 12 2.01% - 3.00% 619 – – – – 619 3.01% - 4.00% 1,470 – – – – 1,470 4.01% and above 10 – – – – 10 Other (1) – – – – – 24,146 Total $ 2,103 $ – $ – $ – $ 8 $ 26,257 Fixed Annuities Up to 1.00% $ 756 $ 414 $ 515 $ 467 $ 2,296 $ 4,448 1.01% - 2.00% 577 133 194 498 1,083 2,485 2.01% - 3.00% 1,746 3 6 – – 1,755 3.01% - 4.00% 1,171 – – – – 1,171 4.01% and above 184 – – – – 184 Other (1) – – – – – 13,743 Total $ 4,434 $ 550 $ 715 $ 965 $ 3,379 $ 23,786 UL and Other Up to 1.00% $ 302 $ – $ 206 $ 46 $ 505 $ 1,059 1.01% - 2.00% 557 – 6 – 3,142 3,705 2.01% - 3.00% 7,217 10 139 – – 7,366 3.01% - 4.00% 15,269 – 1 – – 15,270 4.01% and above 3,807 – – – – 3,807 Other (1) – – – – – 5,835 Total $ 27,152 $ 10 $ 352 $ 46 $ 3,647 $ 37,042 Retirement Plan Services Up to 1.00% $ 601 $ 746 $ 3,092 $ 2,693 $ 2,422 $ 9,554 1.01% - 2.00% 637 2,880 1,184 531 – 5,232 2.01% - 3.00% 2,647 1 – – – 2,648 3.01% - 4.00% 5,349 1 – – – 5,350 4.01% and above 1,646 – – – – 1,646 Total $ 10,880 $ 3,628 $ 4,276 $ 3,224 $ 2,422 $ 24,430 (1) Consists of indexed account balances that include the fair value of embedded derivative instruments, payout annuity account balances, short-term dollar cost averaging annuities business and policy loans.

Future Contract Benefits

Future Contract Benefits	6 Months Ended
	Jun. 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) $ 2,001 $ 2,084 Traditional Life (1) 3,514 3,553 Group Protection (2) 5,569 5,689 UL and Other (3) 15,236 15,752 Other Operations (4) 9,280 9,753 Other (5) 3,289 3,343 Total future contract benefits $ 38,889 $ 40,174 (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 ($5.4 billion and $5.6 billion as of June 30, 2024, and December 31, 2023, respectively) and Swiss Re ($2.0 billion and $2.1 billion as of June 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 Six As of or For the Six Payout Annuities Traditional Life Payout Annuities Traditional Life Present Value of Expected Net Premiums Balance as of beginning-of-year $ – $ 6,084 $ – $ 5,896 Less: Effect of cumulative changes in discount rate assumptions – (152) – (584) Beginning balance at original discount rate – 6,236 – 6,480 Effect of actual variances from expected experience – (10) – (257) Adjusted balance as of beginning-of-year – 6,226 – 6,223 Issuances – 206 – 330 Interest accrual – 122 – 116 Net premiums collected – (396) – (395) Flooring impact of LFPB – 2 – 3 Ending balance at original discount rate – 6,160 – 6,277 Effect of cumulative changes in discount rate assumptions – (322) – (329) Balance as of end-of-period $ – $ 5,838 $ – $ 5,948 Present Value of Expected LFPB Balance as of beginning-of-year $ 2,084 $ 9,637 $ 2,003 $ 9,086 Less: Effect of cumulative changes in discount rate assumptions (187) (202) (263) (793) Beginning balance at original discount rate (1) 2,271 9,839 2,266 9,879 Effect of actual variances from expected experience 3 (15) (2) (280) Adjusted balance as of beginning-of-year 2,274 9,824 2,264 9,599 Issuances 39 206 69 330 Interest accrual 43 190 43 179 Benefit payments (98) (357) (93) (309) Ending balance at original discount rate (1) 2,258 9,863 2,283 9,799 Effect of cumulative changes in discount rate assumptions (257) (511) (236) (479) Balance as of end-of-period $ 2,001 $ 9,352 $ 2,047 $ 9,320 Net balance as of end-of-period $ 2,001 $ 3,514 $ 2,047 $ 3,372 Less: reinsurance recoverables (2) 1,527 232 10 263 Net balance as of end-of-period, net of reinsurance $ 474 $ 3,282 $ 2,037 $ 3,109 Weighted-average duration of future policyholder benefit liability (years) 9 10 9 10 (1) Includes deferred profit liability within Payout Annuities of $61 million and $53 million as of June 30, 2024 and 2023, respectively. (2) Increase in Payout Annuities reinsurance recoverables was driven by the fourth quarter 2023 reinsurance transaction. See Note 7 For the six months ended June 30, 2024 and 2023, Traditional Life and Payout Annuities 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 June 30, 2024 As of June 30, 2023 Undiscounted Discounted Undiscounted Discounted Payout Annuities Expected future gross premiums $ – $ – $ – $ – Expected future benefit payments 3,435 2,001 3,500 2,047 Traditional Life Expected future gross premiums 13,265 8,980 13,309 9,050 Expected future benefit payments 14,115 9,352 14,013 9,320 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 Six 2024 2023 2024 2023 Payout Annuities Gross premiums $ 24 $ 44 $ 45 $ 71 Interest accretion 22 21 43 43 Traditional Life Gross premiums 301 297 599 592 Interest accretion 34 32 67 63 The following table summarizes the weighted-average interest rates: For the Six Months Ended 2024 2023 Payout Annuities Interest accretion rate 4.0 % 3.9 % Current discount rate 5.4 % 5.2 % Traditional Life Interest accretion rate 4.9 % 5.0 % Current discount rate 5.2 % 5.1 % 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 Six 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 actual variances from expected experience (191) (220) Adjusted beginning-of-year balance 5,988 5,839 New incidence 838 882 Interest 93 83 Benefit payments (757) (734) Ending balance at original discount rate 6,162 6,070 Effect of cumulative changes in discount rate assumptions (593) (577) Balance as of end-of-period 5,569 5,493 Less: reinsurance recoverables (1) 4,284 121 Balance as of end-of-period, net of reinsurance $ 1,285 $ 5,372 Weighted-average duration of liability for future claims (years) 5 4 (1) Increase in reinsurance recoverables was driven by the second quarter 2024 reinsurance transaction. See Note 7 For the six months ended June 30, 2024, we experienced more favorable claim terminations and reported incidence than assumed. For the six months ended June 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 June 30, 2024 As of June 30, 2023 Undiscounted Discounted Undiscounted Discounted Group Protection Expected future benefit payments $ 7,290 $ 5,569 $ 7,111 $ 5,493 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 Six 2024 2023 2024 2023 Group Protection Gross premiums $ 893 $ 885 $ 1,789 $ 1,770 Interest accretion 45 41 93 83 The following table summarizes the weighted-average interest rates: For the Six Months Ended June 30, 2024 2023 Group Protection Interest accretion rate 3.2 % 2.9 % Current discount rate 5.2 % 5.1 % 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 Six 2024 2023 Balance as of beginning-of-year $ 15,752 $ 14,777 Less: Effect of cumulative changes in shadow balance in AOCI (853) (905) Balance as of beginning-of-year, excluding shadow balance in AOCI 16,605 15,682 Effect of actual variances from expected experience 136 6 Adjusted beginning-of-year balance 16,741 15,688 Interest accrual 410 377 Net assessments collected 638 190 Benefit payments (521) (360) Balance as of end-of-period, excluding shadow balance in AOCI 17,268 15,895 Effect of cumulative changes in shadow balance in AOCI (2,032) (1,769) Balance as of end-of-period 15,236 14,126 Less: reinsurance recoverables (1) 10,040 2,041 Balance as of end-of-period, net of reinsurance $ 5,196 $ 12,085 Weighted-average duration of additional liabilities for other insurance benefits (years) 16 18 (1) Increase in reinsurance recoverables was driven by the fourth quarter 2023 reinsurance transaction. See Note 7 For the six months ended June 30, 2024, we had unfavorable actual mortality experience compared to expected. For the six months ended June 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 Six 2024 2023 2024 2023 UL and Other Gross assessments $ 773 $ 542 $ 1,539 $ 1,457 Interest accretion 206 190 410 377 The following table summarizes the weighted-average interest rates: For the Six 2024 2023 UL and Other Interest accretion rate 5.4 % 4.9 %

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 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 June 30, 2024 As of December 31, 2023 Carrying Fair Carrying Fair Assets Fixed maturity AFS securities $ 81,037 $ 81,037 $ 82,300 $ 82,300 Trading securities 2,181 2,181 2,321 2,321 Equity securities 295 295 306 306 Mortgage loans on real estate 20,008 17,763 18,873 17,330 Derivative investments 8,472 8,472 6,305 6,305 Other investments 5,385 5,385 4,757 4,757 Cash and invested cash 4,662 4,662 3,193 3,193 MRB assets 4,754 4,754 3,894 3,894 Other assets: Ceded MRBs 39 39 274 274 Indexed annuity ceded embedded derivatives 1,756 1,756 940 940 LPR ceded derivative 202 202 206 206 Separate account assets 165,199 165,199 158,257 158,257 Liabilities Policyholder account balances: Account balances of certain investment contracts (45,072) (34,223) (44,615) (34,020) RILA, fixed annuity and IUL contracts (11,417) (11,417) (9,077) (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives 585 585 493 493 MRB liabilities (1,275) (1,275) (1,716) (1,716) Short-term debt (656) (656) (840) (841) Long-term debt (2,177) (2,125) (2,195) (2,125) Other liabilities: Ceded MRBs (2,189) (2,189) (1,149) (1,149) Derivative liabilities (200) (200) (356) (356) Remaining guaranteed interest and similar contracts (367) (367) (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 June 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 $ 258 $ 288 Aggregate contractual principal 292 326 As of June 30, 2024, and December 31, 2023, no loans for which the fair value option was elected were in non-accrual status, and none were more than 90 days past due and still accruing interest. Financial Instruments Carried at Fair Value We did not have any assets or liabilities measured at fair value on a nonrecurring basis as of June 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 June 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 $ – $ 55,206 $ 6,817 $ 62,023 U.S. government bonds 367 21 – 388 State and municipal bonds – 2,240 – 2,240 Foreign government bonds – 256 – 256 RMBS – 1,536 18 1,554 CMBS – 1,380 22 1,402 ABS – 10,950 1,997 12,947 Hybrid and redeemable preferred securities 48 129 50 227 Trading securities – 1,908 273 2,181 Equity securities 2 255 38 295 Mortgage loans on real estate – – 258 258 Derivative investments (1) – 14,739 787 15,526 Other investments – short-term investments – 230 – 230 Cash and invested cash – 4,662 – 4,662 MRB assets – – 4,754 4,754 Other assets: Ceded MRBs – – 39 39 Indexed annuity ceded embedded derivatives – – 1,756 1,756 LPR ceded derivative – – 202 202 Separate account assets 397 164,802 – 165,199 Total assets $ 814 $ 258,314 $ 17,011 $ 276,139 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (11,417) $ (11,417) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – 638 (53) 585 MRB liabilities – – (1,275) (1,275) Other liabilities: Ceded MRBs – – (2,189) (2,189) Derivative liabilities (1) – (6,459) (795) (7,254) Total liabilities $ – $ (5,821) $ (15,729) $ (21,550) 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 $ – $ 57,397 $ 6,469 $ 63,866 U.S. government bonds 373 20 – 393 State and municipal bonds – 2,537 5 2,542 Foreign government bonds – 278 – 278 RMBS – 1,589 13 1,602 CMBS – 1,336 8 1,344 ABS – 10,559 1,484 12,043 Hybrid and redeemable preferred securities 46 138 48 232 Trading securities – 2,037 284 2,321 Equity securities 1 263 42 306 Mortgage loans on real estate – – 288 288 Derivative investments (1) – 10,705 622 11,327 Other investments – short-term investments – 233 – 233 Cash and invested cash – 3,193 – 3,193 MRB assets – – 3,894 3,894 Other assets: Ceded MRBs – – 274 274 Indexed annuity ceded embedded derivatives – – 940 940 LPR ceded derivative – – 206 206 Separate account assets 402 157,855 – 158,257 Total assets $ 822 $ 248,140 $ 14,577 $ 263,539 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (9,077) $ (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – 493 – 493 MRB liabilities – – (1,716) (1,716) Other liabilities: Ceded MRBs – – (1,149) (1,149) Derivative liabilities (1) – (4,792) (586) (5,378) Total liabilities $ – $ (4,299) $ (12,528) $ (16,827) (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 June 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 $ 6,747 $ (1) $ (8) $ 171 $ (92) $ 6,817 RMBS 12 – – 6 – 18 CMBS 8 – – 14 – 22 ABS 1,692 – 7 365 (67) 1,997 Hybrid and redeemable preferred securities 51 – (1) – – 50 Trading securities 271 – – 2 – 273 Equity securities 39 – – (1) – 38 Mortgage loans on real estate 289 4 – (35) – 258 Derivative investments 1 (6) – (3) – (8) Other assets: Ceded MRBs (3) 59 (20) – – – 39 Indexed annuity ceded embedded derivatives (4) 973 11 – 772 – 1,756 LPR ceded derivative (5) 201 1 – – – 202 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (10,896) (339) – (182) – (11,417) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) (25) (28) – – – (53) Other liabilities – ceded MRBs (3) (2,261) 72 – – – (2,189) Total, net $ (2,839) $ (306) $ (2) $ 1,109 $ (159) $ (2,197) For the Three Months Ended June 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 $ 6,219 $ (12) $ 3 $ (57) $ 24 $ 6,177 State and municipal bonds 36 (2) 3 (1) – 36 RMBS 1 – – 5 – 6 CMBS – – – (4) 4 – ABS 1,100 – (6) 152 (38) 1,208 Hybrid and redeemable preferred securities 59 – (3) – 4 60 Trading securities 458 (2) – (105) – 351 Equity securities 137 (13) – 1 – 125 Mortgage loans on real estate 490 (4) 2 (84) – 404 Derivative investments 1 (1) – – 31 31 Other assets: Ceded MRBs (3) 699 (298) – – – 401 Indexed annuity ceded embedded derivatives (4) 565 4 – 34 – 603 LPR ceded derivative (5) 199 3 – – – 202 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (5,796) (1,558) – (156) – (7,510) Other liabilities – ceded MRBs (3) (909) (531) – – – (1,440) Total, net $ 3,259 $ (2,414) $ (1) $ (215) $ 25 $ 654 For the Six Months Ended June 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 $ 6,469 $ – $ (16) $ 481 $ (117) $ 6,817 State and municipal bonds 5 – – – (5) – RMBS 13 – (1) 6 – 18 CMBS 8 – – 14 – 22 ABS 1,484 1 5 566 (59) 1,997 Hybrid and redeemable preferred securities 48 – 2 – – 50 Trading securities 284 – – (11) – 273 Equity securities 42 (3) – (1) – 38 Mortgage loans on real estate 288 4 1 (35) – 258 Derivative investments 36 5 – 2 (51) (8) Other assets: Ceded MRBs (3) 274 (235) – – – 39 Indexed annuity ceded embedded derivatives (4) 940 44 – 772 – 1,756 LPR ceded derivative (5) 206 (4) – – – 202 Liabilities Policyholder account balances - RILA, fixed annuity and IUL contracts (4) (9,077) (2,015) – (325) – (11,417) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) – (53) – – – (53) Other liabilities - ceded MRBs (3) (1,149) (1,040) – – – (2,189) Total, net $ (129) $ (3,296) $ (9) $ 1,469 $ (232) $ (2,197) For the Six Months Ended June 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 $ 5,186 $ (12) $ 15 $ 949 $ 39 $ 6,177 State and municipal bonds 35 (2) 4 (1) – 36 RMBS 1 – – 5 – 6 CMBS – – – (4) 4 – ABS 1,117 – 2 320 (231) 1,208 Hybrid and redeemable preferred securities 49 – (3) (2) 16 60 Trading securities 581 2 – (232) – 351 Equity securities 153 (29) – 1 – 125 Mortgage loans on real estate 487 (2) 5 (86) – 404 Derivative investments 2 (2) – – 31 31 Other assets: Ceded MRBs (3) 540 (139) – – – 401 Indexed annuity ceded embedded derivatives (4) 525 11 – 67 – 603 LPR ceded derivative (5) 212 (10) – – – 202 Liabilities Policyholder account balances - RILA, fixed annuity and IUL contracts (4) (4,783) (2,277) – (450) – (7,510) Other liabilities – ceded MRBs (3) (246) (1,194) – – – (1,440) Total, net $ 3,859 $ (3,654) $ 23 $ 567 $ (141) $ 654 (1) The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments 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). (5) Gains (losses) from the changes in fair value are included in benefits 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 June 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 375 $ (79) $ – $ (125) $ – $ 171 RMBS 6 – – – – 6 CMBS 14 – – – – 14 ABS 462 (30) – (56) (11) 365 Trading securities 4 – – (2) – 2 Equity securities – (1) – – – (1) Mortgage loans on real estate – (30) – (5) – (35) Derivative investments (3) – – – – (3) Other assets – indexed annuity ceded embedded derivatives 26 – – 746 – 772 Policyholder account balances – RILA, fixed annuity and IUL contracts (285) – – 103 – (182) Total, net $ 599 $ (140) $ – $ 661 $ (11) $ 1,109 For the Three Months Ended June 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 253 $ (62) $ (26) $ (211) $ (11) $ (57) RMBS 5 – – – – 5 CMBS – – – (4) – (4) ABS 216 – – (64) – 152 State and municipal bonds – (1) – – – (1) Trading securities – (102) – (3) – (105) Equity securities 1 – – – – 1 Mortgage loans on real estate 3 – – (87) – (84) Other assets – indexed annuity ceded embedded derivatives 34 – – – – 34 Policyholder account balances – RILA, fixed annuity and IUL contracts (316) – – 160 – (156) Total, net $ 196 $ (165) $ (26) $ (209) $ (11) $ (215) For the Six Months Ended June 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 911 $ (206) $ (2) $ (221) $ (1) $ 481 RMBS 6 – – – – 6 CMBS 14 – – – – 14 ABS 726 (30) – (119) (11) 566 Trading securities 4 (2) – (13) – (11) Equity securities – (1) – – – (1) Mortgage loans on real estate 1 (31) – (5) – (35) Derivative investments 4 – (2) – – 2 Other assets – indexed annuity ceded embedded derivatives 52 – – 720 – 772 Policyholder account balances – RILA, fixed annuity and IUL contracts (533) – – 208 – (325) Total, net $ 1,185 $ (270) $ (4) $ 570 $ (12) $ 1,469 For the Six Months Ended June 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,390 $ (117) $ (34) $ (279) $ (11) $ 949 RMBS 5 – – – – 5 CMBS – – – (4) – (4) ABS 457 (2) – (135) – 320 State and municipal bonds – (1) – – – (1) Hybrid and redeemable preferred securities – – – – (2) (2) Trading securities – (155) – (77) – (232) Equity securities 1 – – – – 1 Mortgage loans on real estate 4 – – (90) – (86) Other assets – indexed annuity ceded embedded derivatives 84 – – (17) – 67 Policyholder account balances – RILA, fixed annuity and IUL contracts (615) – – 165 – (450) Total, net $ 1,326 $ (275) $ (34) $ (437) $ (13) $ 567 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 Six 2024 2023 2024 2023 Trading securities (1) $ (1) $ (5) $ (1) $ 1 Equity securities (1) – (13) (2) (29) Mortgage loans on real estate (1) (3) (5) (4) (3) Derivative investments (1) (8) – 8 (2) MRBs (2) 160 1,222 845 133 Other assets – LPR ceded derivative (3) 1 3 (4) (10) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (1) (28) – (53) – Embedded derivatives – indexed annuity and IUL contracts (1) 228 (55) 469 (208) Total, net $ 349 $ 1,147 $ 1,258 $ (118) (1) Included in realized gain (loss) (2) Included in market risk benefit gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (3) Included in benefits on the Consolidated Statements of Comprehensive Income (Loss). The following summarizes changes in unrealized gains (losses) For the Three For the Six 2024 2023 2024 2023 Fixed maturity AFS securities: Corporate bonds $ (27) $ – $ (37) $ 12 State and municipal bonds – 3 – 3 ABS (20) (7) (20) 1 Hybrid and redeemable preferred securities (1) (2) 1 (2) Mortgage loans on real estate – 2 1 4 Total, net $ (48) $ (4) $ (55) $ 18 The following provides the components of the transfers into and out of Level 3 (in millions) as reported above: For the Three Months Ended June 30, 2024 For the Three Months Ended June 30, 2023 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 $ – $ (92) $ (92) $ 100 $ (76) $ 24 CMBS – – – 4 – 4 ABS 18 (85) (67) 2 (40) (38) Hybrid and redeemable preferred securities – – – 4 – 4 Derivative investments – – – 31 – 31 Total, net $ 18 $ (177) $ (159) $ 141 $ (116) $ 25 For the Six Months Ended June 30, 2024 For the Six Months Ended June 30, 2023 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 $ 19 $ (136) $ (117) $ 158 $ (119) $ 39 State and municipal bonds – (5) (5) – – – CMBS – – – 4 – 4 ABS 49 (108) (59) 2 (233) (231) Hybrid and redeemable preferred securities – – – 16 – 16 Derivative investments – (51) (51) 31 – 31 Total, net $ 68 $ (300) $ (232) $ 211 $ (352) $ (141) 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 six months ended June 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 June 30, 2024: Weighted Fair Valuation Significant Assumption or Average Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 173 Discounted cash flow Liquidity/duration adjustment (2) 0% – 3.6 % 1.9 % CMBS 8 Discounted cash flow Liquidity/duration adjustment (2) 1.9 % – 1.9 % 1.9 % ABS 11 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % – 1.4 % 1.4 % Hybrid and redeemable preferred securities 7 Discounted cash flow Liquidity/duration adjustment (2) 1.2 % – 1.5 % 1.3 % Equity securities 5 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % – 4.5 % 4.5 % MRB assets 4,754 Other assets: Ceded MRBs 39 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) 0.21 % – 1.92 % 1.55 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.12 % Indexed annuity ceded embedded derivatives 1,756 Discounted cash flow Lapse (3) 0% – 9 % (10) Mortality (7) (9) (10) LPR ceded derivative 202 Discounted cash flow Lapse (3) 0.10 % 2.00 % (10) Non-performance risk (6) 0.21 % 1.92 % 1.36 % Mortality (7) (9) (10) Liabilities Policyholder account balances – indexed annuity contracts embedded derivatives $ (11,325) Discounted cash flow Lapse (3) 0% – 9 % (10) Mortality (7) (9) (10) MRB liabilities (1,275) Other liabilities – ceded MRBs (2,189) 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) 0.21 % – 1.92 % 1.55 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.12 % 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 Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 183 Discounted cash flow Liquidity/duration adjustment (2) (0.2) % – 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 274 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 % Indexed annuity ceded embedded derivatives 940 Discounted cash flow Lapse (3) 0% – 9 % (10) Mortality (7) (9) (10) LPR ceded derivative 206 Discounted cash flow Lapse (3) 0.1 % 2.00 % (10) Non-performance risk (6) 1 % 2.13 % 1.58 % 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 (1,149) 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. The non-performance risk input for LPR ceded derivative was weighted using a simple average. (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 • LPR ceded derivative – Assuming our LPR ceded derivative is in an asset position: an increase in our lapse, non-performance risk or mortality inputs would have resulted in an increase 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. For each category discussed above, the unobservable inputs are not inter-related; therefore, a directional change in one input would not have affected the other inputs.

Contingencies and Commitments

Contingencies and Commitments	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Commitments	Contingencies and Commitments Contingencies Reinsurance Disputes Certain reinsurers have sought rate increases on certain yearly renewable term agreements. We are disputing the requested rate increases under these agreements. We may initiate legal proceedings, as necessary, under these agreements in order to protect our contractual rights. Additionally, reinsurers have initiated, and may in the future initiate, legal proceedings against us. While this may impact the Life Insurance segment, we believe it is unlikely the outcome of these disputes would have a material impact on the consolidated financial statements. 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. LNL and its affiliates are 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 LNL 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 June 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 June 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 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 settlement agreement, which is subject to court approval. The provisional settlement encompasses policies that are at issue in the Glover case, which also includes all policies 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 of which are described below, and one additional case to which an affiliate of LNL is a party, Iwanski v. First Penn-Pacific Life Insurance Company , which has been previously disclosed by our parent company, LNC. The Glover plaintiffs’ motion for preliminary approval of the provisional settlement was filed on March 8, 2024, and a hearing on the motion was held on July 30, 2024. The provisional settlement, which is subject to both preliminary and final approval of the court, consists of a $147.5 million pre-tax cash payment for Glover class members (inclusive of all policyholders in TVPX ARS INC., Vida and Iwanski ). 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 settlement agreement, which is subject to court approval. The provisional settlement encompasses policies that are at issue in this case, as the Glover case is inclusive of all policies in this case, as well as in the lawsuit captioned Vida Longevity Fund, LP v. Lincoln Life & Annuity Company of New York (discussed below), and one additional case to which an affiliate of LNL is a party, Iwanski v. First Penn-Pacific Life Insurance Company , which has been previously disclosed by our parent company, LNC. The Glover plaintiffs’ motion for preliminary approval of the provisional settlement was filed on March 8, 2024, and a hearing on the motion was held on July 30, 2024. The provisional settlement, which is subject to both preliminary and final approval of the court, consists of a $147.5 million pre-tax cash payment for Glover class members (inclusive of all policyholders in TVPX ARS INC. , Vida and Iwanski ). A motion has been filed to stay the proceedings in this matter (as well as the Iwanski 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 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 settlement agreement, which is subject to court approval. The provisional settlement encompasses policies that are at issue in this case, as the Glover case is inclusive of all policies in this case, as well as in the lawsuit captioned TVPX ARS INC., as Securities Intermediary for Consolidated Wealth Management, LTD. v. The Lincoln National Life Insurance Company (discussed above), and one additional case to which an affiliate of LNL is a party, Iwanski v. First Penn-Pacific Life Insurance Company , which has been previously disclosed by our parent company, LNC. The Glover plaintiffs’ motion for preliminary approval of the provisional settlement was filed on March 8, 2024, and a hearing on the motion was held on July 30, 2024. The provisional settlement, which is subject to both preliminary and final approval of the court, consists of a $147.5 million pre-tax cash payment for Glover class members (inclusive of all policyholders in T VPX ARS INC., Vida and Iwanski ). 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. 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. 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 and trial has been scheduled for October 2024. We are vigorously defending this matter.

Shares and Stockholder's Equity

Shares and Stockholder's Equity	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Shares and Stockholder's Equity	Shares and Stockholder’s Equity All authorized and issued shares of LNL are owned by LNC. AOCI The following summarizes the components and changes in AOCI (in millions): For the Six 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Balance as of beginning-of-year $ (3,532) $ (8,526) Unrealized holding gains (losses) arising during the period (1,489) 1,199 Change in foreign currency exchange rate adjustment (117) 119 Change in future contract benefits and policyholder account balances, net of reinsurance 2,215 856 Income tax benefit (expense) (131) (478) Less: Reclassification adjustment for gains (losses) included in net income (loss) (106) (2,722) Income tax benefit (expense) 22 572 Balance as of end-of-period $ (2,970) $ (4,680) Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 249 $ 301 Unrealized holding gains (losses) arising during the period 46 204 Change in foreign currency exchange rate adjustment 117 (110) Income tax benefit (expense) (35) (20) Less: Reclassification adjustment for gains (losses) included in net income (loss) 27 30 Income tax benefit (expense) (6) (6) Balance as of end-of-period $ 356 $ 351 Market Risk Benefit Non-Performance Risk Gain (Loss) Balance as of beginning-of-year $ 1,069 $ 1,739 Adjustment arising during the period (841) 129 Income tax benefit (expense) 180 (27) Balance as of end-of-period $ 408 $ 1,841 Policyholder Liability Discount Rate Remeasurement Gain (Loss) Balance as of beginning-of-year $ 645 $ 790 Adjustment arising during the period 241 (114) Income tax benefit (expense) (51) 26 Balance as of end-of-period $ 835 $ 702 Foreign Currency Translation Adjustment Balance as of beginning-of-year $ – $ – Foreign currency translation adjustment arising during the period – (1) Balance as of end-of-period $ – $ (1) Funded Status of Employee Benefit Plans Balance as of beginning-of-year $ (16) $ (17) Balance as of end-of-period $ (16) $ (17) 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 Six 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Reclassification $ (111) $ (3,140) Realized gain (loss) Associated change in future contract benefits 5 418 Benefits Reclassification before income tax benefit (expense) (106) (2,722) Income (loss) before taxes Income tax benefit (expense) 22 572 Federal income tax expense (benefit) Reclassification, net of income tax $ (84) $ (2,150) Net income (loss) Unrealized Gain (Loss) on Derivative Instruments Interest rate contracts $ (1) $ – Interest and debt expense Foreign currency contracts 29 27 Net investment income Foreign currency contracts (1) 3 Realized gain (loss) Reclassifications before income tax benefit (expense) 27 30 Income (loss) before taxes Income tax benefit (expense) (6) (6) Federal income tax expense (benefit) Reclassifications, net of income tax $ 21 $ 24 Net income (loss)

Segment Information

Segment Information	6 Months Ended
	Jun. 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 CODMs view and manage 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. Income (loss) from operations is GAAP net income excluding the after-tax effects of 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”); • GLB rider fees ceded to LNBAR; • Income (loss) from the initial adoption of new accounting standards, regulations and policy changes; • Income (loss) from reserve changes, net of related amortization, on business sold through reinsurance; • 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; • Gains (losses) on modification or early extinguishment of debt; • Losses from the impairment of intangible assets and gains (losses) on other non-financial assets; and • Income (loss) from discontinued operations. Operating revenues represent GAAP revenues excluding the pre-tax 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; • GLB rider fees ceded to LNBAR; • 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 Six 2024 2023 2024 2023 Revenues Operating revenues: Annuities $ 1,141 $ 1,097 $ 2,319 $ 2,140 Life Insurance 1,318 1,656 2,498 3,294 Group Protection (1) (3,051) 1,400 (1,626) 2,787 Retirement Plan Services 323 328 640 650 Other Operations 34 36 59 75 Revenue adjustments from annuity and life insurance product features 224 (23) 394 (114) Credit loss-related adjustments (33) (5) (33) (26) Investment gains (losses) (2) (204) (3,081) (260) (3,137) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans 43 71 90 60 GLB rider fees ceded to LNBAR (232) (232) (462) (465) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses (3) 481 – 481 – Total revenues $ 44 $ 1,247 $ 4,100 $ 5,264 For the Three For the Six 2024 2023 2024 2023 Net Income (Loss) Income (loss) from operations: Annuities $ 252 $ 218 $ 475 $ 435 Life Insurance 79 32 28 – Group Protection 129 109 209 179 Retirement Plan Services 37 43 69 81 Other Operations (59) (75) (167) (127) Net annuity product features, after-tax 324 1,084 1,108 262 Net life insurance product features, after-tax (4) (12) 207 (114) 112 Credit loss-related adjustments, after-tax (27) (4) (28) (21) Investment gains (losses), after-tax (2) (160) (2,435) (206) (2,478) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans, after-tax 34 56 71 47 GLB rider fees ceded to LNBAR, after-tax (182) (184) (364) (367) Transaction and integration costs related to mergers, acquisitions and divestitures, after-tax (5) (12) (7) (21) (7) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses, after-tax (3) 358 – 358 – Net income (loss) $ 761 $ (956) $ 1,418 $ (1,884) (1) The three and six months ended June 30, 2024, reflect day one impacts pertaining to the second quarter 2024 reinsurance transaction. For more information, see Note 7 (2) The three and six months ended June 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) For information on the sale of the wealth management business, see Note 1 (4) The three and six months ended June 30, 2023, include $330 million after-tax related to the fourth quarter 2023 reinsurance transaction. For more information, see Note 7 (5) Includes costs pertaining to the sale of the wealth management business and the fourth quarter 2023 reinsurance transaction. For more information, see Notes 1 7 Other segment information (in millions) was as follows: As of As of 2024 2023 Assets Annuities $ 204,946 $ 186,716 Life Insurance 112,686 107,529 Group Protection 13,943 9,741 Retirement Plan Services 47,830 46,969 Other Operations 19,529 23,021 Total assets $ 398,934 $ 373,976

Realized Gain (Loss)

Realized Gain (Loss)	6 Months Ended
	Jun. 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 Six 2024 2023 2024 2023 Fixed maturity AFS securities: Gross gains $ 9 $ 8 $ 16 $ 33 Gross losses (120) (48) (178) (111) Credit loss benefit (expense) (1) (23) 1 (25) (15) Intent to sell impairments (2) – (3,062) – (3,062) Realized gain (loss) on equity securities (3) 1 (13) 12 (27) Credit loss benefit (expense) on mortgage loans on real estate (17) (3) (17) (7) Credit loss benefit (expense) on reinsurance-related assets 7 (3) 9 (4) Realized gain (loss) on the mark-to-market on certain instruments (4)(5) (68) (80) (201) (207) Indexed product derivative results (6) 77 (49) 222 (203) GLB rider fees ceded to LNBAR and attributed fees (31) (28) (61) (57) Realized gain (loss) on subsidiaries/businesses (7) 481 – 481 – Other realized gain (loss) (33) 25 (32) 14 Total realized gain (loss) $ 283 $ (3,252) $ 226 $ (3,646) (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 six months ended June 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 $4 million and $(13) million for the three months ended June 30, 2024 and 2023, respectively, and $16 million and $(27) million for the six months ended June 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 less than $3 million and $(3) million for the three months ended June 30, 2024 and 2023, respectively, and $3 million and $(1) million for the six months ended June 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) For information on the sale of the wealth management business, see Note 1

Federal Income Taxes

Federal Income Taxes	6 Months Ended
	Jun. 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 18% and 19% for the three and six months ended June 30, 2024, respectively, compared to 24% 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 and six months ended June 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 and six months ended June 30, 2023, 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.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Data	6 Months Ended
	Jun. 30, 2024
Supplemental Cash Flow Information [Abstract]
Supplemental Disclosures of Cash Flow Data	Supplemental Disclosures of Cash Flow Data The following summarizes our supplemental cash flow data (in millions): For the Six 2024 2023 Non-cash transactions: Establishment of funds withheld liability in connection with a reinsurance transaction $ (6,797) $ – Extraordinary dividend to LNC in the form of fixed maturity AFS securities, mortgage loans on real estate and accrued investment income (929) – Net increase (decrease) in fixed maturity AFS securities and accrued investment income in connection with reinsurance activity 287 (15)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 761	$ (956)	$ 1,418	$ (1,884)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 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)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation
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 and are not reflected in the results of the reportable segments listed above.
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.
Fair Value Measurement	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 June 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.

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation (Tables)	6 Months Ended
	Jun. 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)	6 Months Ended
	Jun. 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)	6 Months Ended
	Jun. 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 June 30, 2024 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 68,308 $ 547 $ 6,819 $ 13 $ 62,023 U.S. government bonds 422 3 37 – 388 State and municipal bonds 2,449 45 254 – 2,240 Foreign government bonds 298 12 54 – 256 RMBS 1,696 20 156 6 1,554 CMBS 1,556 4 158 – 1,402 ABS 13,424 75 533 19 12,947 Hybrid and redeemable preferred securities 218 22 12 1 227 Total fixed maturity AFS securities $ 88,371 $ 728 $ 8,023 $ 39 $ 81,037 As of December 31, 2023 Amortized Cost Gross Unrealized Allowance for Credit Losses Fair Value Gains Losses Fixed maturity AFS securities: Corporate bonds $ 68,811 $ 820 $ 5,757 $ 8 $ 63,866 U.S. government bonds 414 7 28 – 393 State and municipal bonds 2,675 97 230 – 2,542 Foreign government bonds 309 15 46 – 278 RMBS 1,719 27 138 6 1,602 CMBS 1,520 5 181 – 1,344 ABS 12,556 62 571 4 12,043 Hybrid and redeemable preferred securities 227 21 15 1 232 Total fixed maturity AFS securities $ 88,231 $ 1,054 $ 6,966 $ 19 $ 82,300
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of fixed maturity AFS securities by contractual maturities (in millions) as of June 30, 2024, were as follows: Amortized Cost Fair Value Due in one year or less $ 4,818 $ 4,766 Due after one year through five years 17,915 17,243 Due after five years through ten years 14,005 12,954 Due after ten years 34,957 30,171 Subtotal 71,695 65,134 Structured securities (RMBS, CMBS, ABS) 16,676 15,903 Total fixed maturity AFS securities $ 88,371 $ 81,037
Fair Value and Gross Unrealized Losses in a Continuous 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 June 30, 2024 Less Than or Equal Greater Than Twelve Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 21,263 $ 2,618 $ 26,263 $ 4,201 $ 47,526 $ 6,819 U.S. government bonds 88 5 198 32 286 37 State and municipal bonds 689 118 563 136 1,252 254 Foreign government bonds 77 24 89 30 166 54 RMBS 516 37 744 119 1,260 156 CMBS 637 68 555 90 1,192 158 ABS 3,052 158 4,679 375 7,731 533 Hybrid and redeemable preferred securities 10 2 100 10 110 12 Total fixed maturity AFS securities $ 26,332 $ 3,030 $ 33,191 $ 4,993 $ 59,523 $ 8,023 Total number of fixed maturity AFS securities in an unrealized loss position 7,077 As of December 31, 2023 Less Than or Equal Greater Than Twelve Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (1) Fixed maturity AFS securities: Corporate bonds $ 13,439 $ 1,744 $ 33,285 $ 4,013 $ 46,724 $ 5,757 U.S. government bonds 65 6 194 22 259 28 State and municipal bonds 371 72 814 158 1,185 230 Foreign government bonds 108 31 57 15 165 46 RMBS 355 20 840 118 1,195 138 CMBS 583 56 586 125 1,169 181 ABS 1,898 68 7,212 503 9,110 571 Hybrid and redeemable preferred securities 32 2 94 13 126 15 Total fixed maturity AFS securities $ 16,851 $ 1,999 $ 43,082 $ 4,967 $ 59,933 $ 6,966 Total number of fixed maturity AFS securities in an unrealized loss position 7,167 (1) As of June 30, 2024, and December 31, 2023, we recognized $18 million and $7 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 June 30, 2024 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 3,456 $ 1,043 677 Six months or greater, but less than nine months 2,310 961 493 Nine months or greater, but less than twelve months 378 157 124 Twelve months or greater 3,173 1,383 641 Total $ 9,317 $ 3,544 1,935 As of December 31, 2023 Fair Value Gross Unrealized Losses Number of Securities (1) Less than six months $ 2,480 $ 916 529 Six months or greater, but less than nine months 321 90 79 Nine months or greater, but less than twelve months 321 106 87 Twelve months or greater 3,485 1,336 704 Total $ 6,607 $ 2,448 1,399 (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 June 30, 2024 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 10 $ 6 $ 4 $ 1 $ 21 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 1 – 15 – 16 Additions (reductions) for securities for which credit losses were previously recognized 8 – – – 8 Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 13 $ 6 $ 19 $ 1 $ 39 For the Six Months Ended June 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 2 – 15 – 17 Additions (reductions) for securities for which credit losses were previously recognized 11 – – – 11 Reductions for disposed securities (3) – – – (3) Reductions for securities charged-off (5) – – – (5) Balance as of end-of-period (2) $ 13 $ 6 $ 19 $ 1 $ 39 For the Three Months Ended June 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-period $ 26 $ 6 $ 4 $ 1 $ 37 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 2 – – – 2 Additions (reductions) for securities for which credit losses were previously recognized (3) – 1 – (2) Reductions for securities charged-off (12) – – – (12) Balance as of end-of-period (2) $ 13 $ 6 $ 5 $ 1 $ 25 For the Six Months Ended June 30, 2023 Corporate Bonds RMBS ABS Hybrids Total Balance as of beginning-of-year $ 9 $ 7 $ 4 $ 1 $ 21 Additions from purchases of PCD debt securities (1) – – – – – Additions for securities for which credit losses were not previously recognized 20 – – – 20 Additions (reductions) for securities for which credit losses were previously recognized (3) (1) 1 – (3) Reductions for disposed securities (1) – – – (1) Reductions for securities charged-off (12) – – – (12) Balance as of end-of-period (2) $ 13 $ 6 $ 5 $ 1 $ 25 (1) Represents purchased credit-deteriorated (“PCD”) fixed maturity AFS securities. (2) As of June 30, 2024 and 2023 , accrued investment income on fixed maturity AFS securities totaled $811 million and $1.1 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 June 30, 2024 As of December 31, 2023 Commercial Residential Total Commercial Residential Total Current $ 17,377 $ 2,583 $ 19,960 $ 17,165 $ 1,665 $ 18,830 30 to 59 days past due – 30 30 61 28 89 60 to 89 days past due 22 13 35 – 9 9 90 or more days past due 34 59 93 – 60 60 Allowance for credit losses (92) (40) (132) (86) (28) (114) Unamortized premium (discount) (6) 62 56 (7) 43 36 Mark-to-market gains (losses) (1) (33) (1) (34) (36) (1) (37) Total carrying value $ 17,302 $ 2,706 $ 20,008 $ 17,097 $ 1,776 $ 18,873 (1) Note 12
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 As of December 31, 2023 Commercial mortgage loans on real estate $ 26 $ – Residential mortgage loans on real estate 60 62 Total $ 86 $ 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 June 30, 2024 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2024 $ 746 1.47 $ 31 1.32 $ – – $ 777 2023 1,345 1.58 47 1.33 – – 1,392 2022 1,732 1.74 100 1.41 1 1.17 1,833 2021 2,296 2.03 49 1.47 – – 2,345 2020 1,176 2.46 4 1.05 – – 1,180 2019 and prior 9,766 2.72 134 1.32 – – 9,900 Total $ 17,061 $ 365 $ 1 $ 17,427 As of December 31, 2023 LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio LTV Debt-Service Coverage Ratio Total Origination Year 2023 $ 1,366 1.90 $ 54 1.38 $ – – $ 1,420 2022 1,709 2.07 140 1.54 – – 1,849 2021 2,317 3.34 61 1.55 – – 2,378 2020 1,205 3.23 11 1.38 – – 1,216 2019 2,404 2.39 80 1.56 10 2.33 2,494 2018 and prior 7,770 2.39 78 1.60 14 0.87 7,862 Total $ 16,771 $ 424 $ 24 $ 17,219 As of June 30, 2024 Performing Nonperforming Total Origination Year 2024 $ 957 $ – $ 957 2023 556 4 560 2022 512 24 536 2021 448 15 463 2020 73 3 76 2019 and prior 141 14 155 Total $ 2,687 $ 60 $ 2,747 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 $ 84 $ 31 $ 115 Additions (reductions) from provision for credit loss expense (1) 8 9 17 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 92 $ 40 $ 132 For the Six Months Ended Commercial Residential Total Balance as of beginning-of-year $ 86 $ 28 $ 114 Additions (reductions) from provision for credit loss expense (1) 6 12 18 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 92 $ 40 $ 132 For the Three Months Ended Commercial Residential Total Balance as of beginning-of-period $ 83 $ 20 $ 103 Additions (reductions) from provision for credit loss expense (1) (2) 3 1 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 81 $ 23 $ 104 For the Six Months Ended Commercial Residential Total Balance as of beginning-of-year $ 83 $ 15 $ 98 Additions (reductions) from provision for credit loss expense (1) (2) 8 6 Additions from purchases of PCD mortgage loans on real estate – – – Balance as of end-of-period (2) $ 81 $ 23 $ 104 (1) We recognized less than $1 million and $(2) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the three months ended June 30, 2024 and 2023, respectively, and $1 million and $(1) million for the six months ended June 30, 2024 and 2023, respectively. (2) Accrued investment income on mortgage loans on real estate totaled $80 million and $53 million as of June 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 Six 2024 2023 2024 2023 Intent to Sell Impairments (1) Fixed maturity AFS securities: Corporate bonds $ – $ (2,748) $ – $ (2,748) State and municipal bonds – (151) – (151) RMBS – (55) – (55) CMBS – (52) – (52) ABS – (53) – (53) Hybrid and redeemable preferred securities – (3) – (3) Total intent to sell impairments $ – $ (3,062) $ – $ (3,062) Credit Loss Benefit (Expense) Fixed maturity AFS securities: Corporate bonds $ (8) $ 1 $ (10) $ (16) RMBS – – – 1 ABS (15) – (15) – Total credit loss benefit (expense) $ (23) $ 1 $ (25) $ (15) (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 June 30, 2024 As of December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Collateral payable for derivative investments (1) $ 7,608 $ 7,608 $ 5,127 $ 5,127 Securities pledged under securities lending agreements (2) 202 194 205 197 Investments pledged for FHLBI (3) 3,200 4,396 2,650 3,603 Total payables for collateral on investments $ 11,010 $ 12,198 $ 7,982 $ 8,927 (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 for additional information. (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 Six 2024 2023 Collateral payable for derivative investments $ 2,481 $ 1,312 Securities pledged under securities lending agreements (3) (8) Investments pledged for FHLBI 550 (980) Total increase (decrease) in payables for collateral on investments $ 3,028 $ 324
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 June 30, 2024 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than Total Securities Lending Corporate bonds $ 180 $ – $ – $ – $ 180 Equity securities 7 – – – 7 U.S. government bonds 15 – – – 15 Total gross secured borrowings $ 202 $ – $ – $ – $ 202 As of December 31, 2023 Overnight and Continuous Up to 30 Days 30-90 Days Greater Than Total Securities Lending Corporate bonds $ 202 $ – $ – $ – $ 202 Equity securities 3 – – – 3 Total gross secured borrowings $ 205 $ – $ – $ – $ 205

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	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 June 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) $ 545 $ 2 $ 17 $ 485 $ 11 $ 47 Foreign currency contracts (1) 4,849 511 49 4,662 423 78 Total cash flow hedges 5,394 513 66 5,147 434 125 Fair value hedges: Interest rate contracts (1) 444 4 19 450 1 39 Foreign currency contracts (1) 25 1 – 25 – 1 Total fair value hedges 469 5 19 475 1 40 Non-Qualifying Hedges Interest rate contracts (1) 73,628 813 1,173 90,829 636 979 Foreign currency contracts (1) 361 15 1 306 11 6 Equity market contracts (1) 254,659 14,180 5,995 225,251 10,244 4,227 Credit contracts (1) 44 – – 91 – – LPR ceded derivative (2) – 202 – – 206 – Embedded derivatives: Reinsurance-related (3) – 585 – – 493 – RILA, fixed indexed annuity and IUL contracts (4) – 1,756 11,417 – 940 9,077 Total derivative instruments $ 334,555 $ 18,069 $ 18,671 $ 322,099 $ 12,965 $ 14,454 (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 other assets on the Consolidated Balance Sheets. (3) Reported in funds withheld reinsurance liabilities on the Consolidated Balance Sheets. (4) 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 June 30, 2024 Less Than 1 Year 1 - 5 6 - 10 11 - 30 Over 30 Total Interest rate contracts (1) $ 10,391 $ 19,232 $ 23,278 $ 21,716 $ – $ 74,617 Foreign currency contracts (2) 379 1,028 1,775 2,011 42 5,235 Equity market contracts 209,057 35,253 8,177 8 2,164 254,659 Credit contracts – 44 – – – 44 Total derivative instruments with notional amounts $ 219,827 $ 55,557 $ 33,230 $ 23,735 $ 2,206 $ 334,555 (1) As of June 30, 2024 , the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was December 1, 2026. (2)
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 $ 500 $ 534 $ 14 $ 39
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 Six 2024 2023 Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 249 $ 301 Other comprehensive income (loss): Unrealized holding gains (losses) arising during the period: Cash flow hedges: Interest rate contracts 18 124 Foreign currency contracts 28 80 Change in foreign currency exchange rate adjustment 117 (110) Income tax benefit (expense) (35) (20) Less: Reclassification adjustment for gains (losses) included in net income (loss): Cash flow hedges: Interest rate contracts (1) (1) – Foreign currency contracts (1) 29 27 Foreign currency contracts (2) (1) 3 Income tax benefit (expense) (6) (6) Balance as of end-of-period $ 356 $ 351 (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 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 Benefits Realized Gain (Loss) Net Investment Income Benefits Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 283 $ 1,232 $ (2,726) $ (3,252) $ 1,476 $ 1,676 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – (7) – – (19) – Derivatives designated as hedging instruments – 7 – – 19 – Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income – (1) – – – – Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income (1) 14 – – 13 – Non-Qualifying Hedges Interest rate contracts (115) – – (319) – – Equity market contracts 817 – – 809 – – Credit contracts – – – (1) – – LPR ceded derivative – – (1) – – (3) Embedded derivatives: Reinsurance-related 42 – – 76 – – RILA, fixed indexed annuity and IUL contracts (328) – – (1,554) – – Gain (Loss) Recognized in Income 2024 2023 Realized Gain (Loss) Net Investment Income Benefits Realized Gain (Loss) Net Investment Income Benefits Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 226 $ 2,456 $ (989) $ (3,646) $ 2,885 $ 3,871 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items – (24) – – (3) – Derivatives designated as hedging instruments – 24 – – 3 – 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) – – – – Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income (1) 29 – 3 27 – Non-Qualifying Hedges Interest rate contracts (277) – – 12 – – Foreign currency contracts – – – (2) – – Equity market contracts 2,952 – – 750 – – Commodity contracts – – – 11 – – Credit contracts – – – (2) – – LPR ceded derivative – – 4 – – 10 Embedded derivatives: Reinsurance-related 92 – – 9 – – RILA, fixed indexed annuity and IUL contracts (1,970) – – (2,266) – –
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 June 30, 2024 As of December 31, 2023 S&P Collateral Collateral Collateral Collateral AA- $ 3,145 $ (49) $ 2,330 $ (63) A+ 3,688 – 2,422 (125) A 70 – 82 – A- 676 – 273 – $ 7,579 $ (49) $ 5,107 $ (188)
Schedule of Offsetting Assets	Information related to the effects of offsetting on the Consolidated Balance Sheets (in millions) was as follows: As of June 30, 2024 Derivative Instruments Embedded Derivative Instruments Total Financial Assets Gross amount of recognized assets $ 15,502 $ 2,341 $ 17,843 Gross amounts offset (7,030) – (7,030) Net amount of assets 8,472 2,341 10,813 Gross amounts not offset: Cash collateral (7,579) – (7,579) Non-cash collateral (1) (893) – (893) Net amount $ – $ 2,341 $ 2,341 Financial Liabilities Gross amount of recognized liabilities 224 11,417 11,641 Gross amounts offset (24) – (24) Net amount of liabilities 200 11,417 11,617 Gross amounts not offset: Cash collateral (49) – (49) Non-cash collateral (2) (151) – (151) Net amount $ – $ 11,417 $ 11,417 (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 $57 million, 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 Instruments Embedded Derivative Instruments Total Financial Assets Gross amount of recognized assets $ 10,714 $ 1,433 $ 12,147 Gross amounts offset (4,409) – (4,409) Net amount of assets 6,305 1,433 7,738 Gross amounts not offset: Cash collateral (5,107) – (5,107) Non-cash collateral (1) (1,198) – (1,198) Net amount – 1,433 1,433 Financial Liabilities Gross amount of recognized liabilities 968 9,077 10,045 Gross amounts offset (612) – (612) Net amount of liabilities 356 9,077 9,433 Gross amounts not offset: Cash collateral (188) – (188) Non-cash collateral (2) (168) – (168) Net amount $ – $ 9,077 $ 9,077 (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 $81 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 June 30, 2024 Derivative Instruments Embedded Derivative Instruments Total Financial Assets Gross amount of recognized assets $ 15,502 $ 2,341 $ 17,843 Gross amounts offset (7,030) – (7,030) Net amount of assets 8,472 2,341 10,813 Gross amounts not offset: Cash collateral (7,579) – (7,579) Non-cash collateral (1) (893) – (893) Net amount $ – $ 2,341 $ 2,341 Financial Liabilities Gross amount of recognized liabilities 224 11,417 11,641 Gross amounts offset (24) – (24) Net amount of liabilities 200 11,417 11,617 Gross amounts not offset: Cash collateral (49) – (49) Non-cash collateral (2) (151) – (151) Net amount $ – $ 11,417 $ 11,417 (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 $57 million, 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 Instruments Embedded Derivative Instruments Total Financial Assets Gross amount of recognized assets $ 10,714 $ 1,433 $ 12,147 Gross amounts offset (4,409) – (4,409) Net amount of assets 6,305 1,433 7,738 Gross amounts not offset: Cash collateral (5,107) – (5,107) Non-cash collateral (1) (1,198) – (1,198) Net amount – 1,433 1,433 Financial Liabilities Gross amount of recognized liabilities 968 9,077 10,045 Gross amounts offset (612) – (612) Net amount of liabilities 356 9,077 9,433 Gross amounts not offset: Cash collateral (188) – (188) Non-cash collateral (2) (168) – (168) Net amount $ – $ 9,077 $ 9,077 (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 $81 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)	6 Months Ended
	Jun. 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 DAC, VOBA and DSI Variable Annuities $ 4,024 $ 4,025 Fixed Annuities 444 456 Traditional Life 1,358 1,374 UL and Other 6,096 6,139 Group Protection 133 154 Retirement Plan Services 282 270 Total DAC, VOBA and DSI $ 12,337 $ 12,418
Reconciliation of DFEL	The following table reconciles deferred front-end loads (“DFEL”) (in millions) to the Consolidated Balance Sheets: As of As of DFEL Variable Annuities $ 296 $ 300 UL and Other (1) 5,984 5,579 Other Operations (2) 47 44 Total DFEL $ 6,327 $ 5,923 (1) We reported $2.3 billion of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of June 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 $47 million and $44 million of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of June 30, 2024, and December 31, 2023, respectively.
DAC	The following tables summarize the changes in DAC (in millions): For the Six Months Ended June 30, 2024 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,868 $ 421 $ 1,332 $ 5,709 $ 154 $ 244 Business acquired (sold) through reinsurance – – – (73) (38) – Deferrals 190 23 61 198 70 10 Amortization (185) (32) (73) (149) (53) (10) Balance as of end-of-period $ 3,873 $ 412 $ 1,320 $ 5,685 $ 133 $ 244 For the Six Months Ended June 30, 2023 Variable Fixed Traditional UL and Group Protection Retirement Balance as of beginning-of-year $ 3,880 $ 439 $ 1,286 $ 5,518 $ 141 $ 241 Deferrals 176 23 105 239 53 10 Amortization (187) (34) (71) (144) (49) (9) Balance as of end-of-period $ 3,869 $ 428 $ 1,320 $ 5,613 $ 145 $ 242
VOBA	The following tables summarize the changes in VOBA (in millions): For the Six Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 15 $ 42 $ 402 Deferrals – – 1 Amortization (1) (4) (19) Balance as of end-of-period $ 14 $ 38 $ 384 For the Six Months Ended Fixed Traditional UL and Balance as of beginning-of-year $ 17 $ 50 $ 454 Deferrals – – 1 Amortization (1) (4) (23) Balance as of end-of-period $ 16 $ 46 $ 432
DSI	The following tables summarize the changes in DSI (in millions): For the Six Months Ended Variable Annuities Fixed UL and Retirement Plan Services Balance as of beginning-of-year $ 157 $ 20 $ 28 $ 26 Deferrals 1 – 1 12 Amortization (7) (2) (2) – Balance as of end-of-period $ 151 $ 18 $ 27 $ 38 For the Six Months Ended Variable Annuities Fixed UL and Retirement Plan Services Balance as of beginning-of-year $ 167 $ 23 $ 30 $ 17 Deferrals 2 – – 2 Amortization (8) (2) (1) – Balance as of end-of-period $ 161 $ 21 $ 29 $ 19
DFEL	The following tables summarize the changes in DFEL (in millions): For the Six Months Ended June 30, 2024 For the Six Months Ended June 30, 2023 Variable Annuities UL and Variable Annuities UL and Balance as of beginning-of-year $ 300 $ 5,579 $ 310 $ 4,766 Deferrals 9 544 10 529 Amortization (13) (139) (15) (126) Balance as of end-of-period 296 5,984 305 5,169 Less: ceded DFEL – 2,346 – 30 Balance as of end-of-period, net of reinsurance $ 296 $ 3,638 $ 305 $ 5,139

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2024
Reinsurance Disclosures [Abstract]
Schedule of Assets in Support of Reserves	We held investments with a carrying value of $11.0 billion in support of reserves associated with the LPINE transaction in a funds withheld arrangement as of June 30, 2024, which consisted of the following (in millions): Fixed maturity AFS securities $ 9,349 Mortgage loans on real estate 1,531 Accrued investment income 94 Total $ 10,974

MRBs (Tables)

MRBs (Tables)	6 Months Ended
	Jun. 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 June 30, 2024 As of December 31, 2023 Assets Liabilities Net (Assets) Liabilities Assets Liabilities Net (Assets) Liabilities Variable Annuities $ 4,620 $ 1,152 $ (3,468) $ 3,763 $ 1,583 $ (2,180) Fixed Annuities 95 119 24 96 128 32 Retirement Plan Services 39 4 (35) 35 5 (30) Total MRBs $ 4,754 $ 1,275 $ (3,479) $ 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 Six Months Ended As of or For the Six Months Ended 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 5 – – 3 – – Attributed fees collected 760 16 3 755 17 3 Benefit payments (21) – – (35) – – Effect of changes in interest rates (1,470) (27) (8) 215 3 10 Effect of changes in equity markets (1,469) (15) (5) (2,205) (6) (9) Effect of changes in equity index volatility (63) (4) – (372) 2 (3) In-force updates and other changes in MRBs (1) 153 2 1 120 2 – Balance as of end-of-period, before the effect of changes in non-performance risk (2,986) 62 (35) (8) 13 (19) Effect of cumulative changes in non-performance risk (482) (38) – (2,288) (47) (9) Balance as of end-of-period (3,468) 24 (35) (2,296) (34) (28) Less: ceded MRB assets (liabilities) (2,143) – (8) (1,035) – (4) Balance as of end-of-period, net of reinsurance $ (1,325) $ 24 $ (27) $ (1,261) $ (34) $ (24) Weighted-average age of policyholders (years) 72 69 63 72 68 63 Net amount at risk (2) $ 2,135 $ 221 $ 3 $ 4,783 $ 213 $ 6 (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) 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.

Separate Accounts (Tables)

Separate Accounts (Tables)	6 Months Ended
	Jun. 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 $ 164,537 $ 157,578 Exchange-traded funds 345 350 Fixed maturity AFS securities 162 167 Cash and invested cash 4 25 Other investments 151 137 Total separate account assets $ 165,199 $ 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 $ 116,770 $ 113,356 UL and Other 27,381 25,150 Retirement Plan Services 20,993 19,699 Other Operations (1) 55 52 Total separate account liabilities $ 165,199 $ 158,257 (1)
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 Six As of or For the Six 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 1,925 695 1,105 1,367 821 1,078 Withdrawals (6,604) (193) (1,514) (4,915) (154) (1,123) Policyholder assessments (1,301) (493) (89) (1,251) (476) (79) Change in market performance 9,026 2,335 1,802 9,950 2,374 1,953 Net transfers from (to) general account 368 (113) (10) 274 (76) (36) Balance as of end-of-period $ 116,770 $ 27,381 $ 20,993 $ 110,998 $ 23,409 $ 18,789 Cash surrender value $ 115,389 $ 24,979 $ 20,979 $ 109,501 $ 21,080 $ 18,774

Policyholder Account Balances (

Policyholder Account Balances (Tables)	6 Months Ended
	Jun. 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 $ 32,853 $ 29,141 Fixed Annuities 25,814 25,330 UL and Other 36,474 36,784 Retirement Plan Services 23,598 23,784 Other (1) 4,976 5,277 Total policyholder account balances $ 123,715 $ 120,316 (1) Represents policyholder account balances reported primarily in Other Operations attributable to the indemnity reinsurance agreements with Protective ($4.6 billion and $4.9 billion as of June 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 Six Months Ended June 30, 2024 Variable Annuities Fixed UL and Retirement Balance as of beginning-of-year $ 29,141 $ 25,330 $ 36,784 $ 23,784 Gross deposits 2,102 2,646 1,736 1,636 Withdrawals (413) (2,600) (739) (2,275) Policyholder assessments (1) (31) (2,232) (7) Net transfers from (to) separate account (146) – 113 120 Interest credited 328 382 726 340 Change in fair value of embedded derivative instruments 1,842 87 86 – Balance as of end-of-period $ 32,853 $ 25,814 $ 36,474 $ 23,598 Weighted-average crediting rate 2.1 % 3.0 % 4.0 % 2.9 % Net amount at risk (1)(2) $ 2,135 $ 221 $ 298,237 $ 3 Cash surrender value 31,650 24,738 32,091 23,570 As of or For the Six Months Ended June 30, 2023 Variable Annuities Fixed UL and Retirement Balance as of beginning-of-year $ 22,184 $ 23,338 $ 37,258 $ 25,138 Gross deposits 2,437 1,919 1,826 1,317 Withdrawals (328) (1,920) (705) (2,094) Policyholder assessments (1) (28) (2,224) (7) Net transfers from (to) separate account (198) – 76 (259) Interest credited 240 312 735 335 Change in fair value of embedded derivative instruments 1,923 165 76 – Balance as of end-of-period $ 26,257 $ 23,786 $ 37,042 $ 24,430 Weighted-average crediting rate 2.0 % 2.6 % 4.0 % 2.7 % Net amount at risk (1)(2) $ 4,783 $ 213 $ 301,018 $ 6 Cash surrender value 25,146 22,889 32,822 24,425 (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 June 30, 2024 At 1-50 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 4 – – – 6 10 2.01% - 3.00% 539 – – – – 539 3.01% - 4.00% 1,289 – – – – 1,289 4.01% and above 9 – – – – 9 Other (1) – – – – – 31,006 Total $ 1,841 $ – $ – $ – $ 6 $ 32,853 Fixed Annuities Up to 1.00% $ 615 $ 609 $ 594 $ 463 $ 2,464 $ 4,745 1.01% - 2.00% 304 133 279 329 4,301 5,346 2.01% - 3.00% 1,694 40 5 1 31 1,771 3.01% - 4.00% 1,036 – – – – 1,036 4.01% and above 173 – – – – 173 Other (1) – – – – – 12,743 Total $ 3,822 $ 782 $ 878 $ 793 $ 6,796 $ 25,814 UL and Other Up to 1.00% $ 264 $ – $ 218 $ 119 $ 42 $ 643 1.01% - 2.00% 544 – – – 3,186 3,730 2.01% - 3.00% 6,797 10 150 – – 6,957 3.01% - 4.00% 15,068 – 1 – – 15,069 4.01% and above 3,679 – – – – 3,679 Other (1) – – – – – 6,396 Total $ 26,352 $ 10 $ 369 $ 119 $ 3,228 $ 36,474 Retirement Plan Services Up to 1.00% $ 489 $ 502 $ 727 $ 3,684 $ 4,511 $ 9,913 1.01% - 2.00% 509 1,648 1,382 1,154 220 4,913 2.01% - 3.00% 2,394 25 1 – – 2,420 3.01% - 4.00% 4,667 57 5 5 – 4,734 4.01% and above 1,618 – – – – 1,618 Total $ 9,677 $ 2,232 $ 2,115 $ 4,843 $ 4,731 $ 23,598 As of June 30, 2023 At 1-50 51-100 101-150 Greater Total Range of Guaranteed Minimum Crediting Rate Variable Annuities Up to 1.00% $ – $ – $ – $ – $ – $ – 1.01% - 2.00% 4 – – – 8 12 2.01% - 3.00% 619 – – – – 619 3.01% - 4.00% 1,470 – – – – 1,470 4.01% and above 10 – – – – 10 Other (1) – – – – – 24,146 Total $ 2,103 $ – $ – $ – $ 8 $ 26,257 Fixed Annuities Up to 1.00% $ 756 $ 414 $ 515 $ 467 $ 2,296 $ 4,448 1.01% - 2.00% 577 133 194 498 1,083 2,485 2.01% - 3.00% 1,746 3 6 – – 1,755 3.01% - 4.00% 1,171 – – – – 1,171 4.01% and above 184 – – – – 184 Other (1) – – – – – 13,743 Total $ 4,434 $ 550 $ 715 $ 965 $ 3,379 $ 23,786 UL and Other Up to 1.00% $ 302 $ – $ 206 $ 46 $ 505 $ 1,059 1.01% - 2.00% 557 – 6 – 3,142 3,705 2.01% - 3.00% 7,217 10 139 – – 7,366 3.01% - 4.00% 15,269 – 1 – – 15,270 4.01% and above 3,807 – – – – 3,807 Other (1) – – – – – 5,835 Total $ 27,152 $ 10 $ 352 $ 46 $ 3,647 $ 37,042 Retirement Plan Services Up to 1.00% $ 601 $ 746 $ 3,092 $ 2,693 $ 2,422 $ 9,554 1.01% - 2.00% 637 2,880 1,184 531 – 5,232 2.01% - 3.00% 2,647 1 – – – 2,648 3.01% - 4.00% 5,349 1 – – – 5,350 4.01% and above 1,646 – – – – 1,646 Total $ 10,880 $ 3,628 $ 4,276 $ 3,224 $ 2,422 $ 24,430 (1) Consists of indexed account balances that include the fair value of embedded derivative instruments, payout annuity account balances, short-term dollar cost averaging annuities business and policy loans.

Future Contract Benefits (Table

Future Contract Benefits (Tables)	6 Months Ended
	Jun. 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) $ 2,001 $ 2,084 Traditional Life (1) 3,514 3,553 Group Protection (2) 5,569 5,689 UL and Other (3) 15,236 15,752 Other Operations (4) 9,280 9,753 Other (5) 3,289 3,343 Total future contract benefits $ 38,889 $ 40,174 (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 ($5.4 billion and $5.6 billion as of June 30, 2024, and December 31, 2023, respectively) and Swiss Re ($2.0 billion and $2.1 billion as of June 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.
Summary of Changes in Present values of Expected Net Premiums and 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 Six As of or For the Six Payout Annuities Traditional Life Payout Annuities Traditional Life Present Value of Expected Net Premiums Balance as of beginning-of-year $ – $ 6,084 $ – $ 5,896 Less: Effect of cumulative changes in discount rate assumptions – (152) – (584) Beginning balance at original discount rate – 6,236 – 6,480 Effect of actual variances from expected experience – (10) – (257) Adjusted balance as of beginning-of-year – 6,226 – 6,223 Issuances – 206 – 330 Interest accrual – 122 – 116 Net premiums collected – (396) – (395) Flooring impact of LFPB – 2 – 3 Ending balance at original discount rate – 6,160 – 6,277 Effect of cumulative changes in discount rate assumptions – (322) – (329) Balance as of end-of-period $ – $ 5,838 $ – $ 5,948 Present Value of Expected LFPB Balance as of beginning-of-year $ 2,084 $ 9,637 $ 2,003 $ 9,086 Less: Effect of cumulative changes in discount rate assumptions (187) (202) (263) (793) Beginning balance at original discount rate (1) 2,271 9,839 2,266 9,879 Effect of actual variances from expected experience 3 (15) (2) (280) Adjusted balance as of beginning-of-year 2,274 9,824 2,264 9,599 Issuances 39 206 69 330 Interest accrual 43 190 43 179 Benefit payments (98) (357) (93) (309) Ending balance at original discount rate (1) 2,258 9,863 2,283 9,799 Effect of cumulative changes in discount rate assumptions (257) (511) (236) (479) Balance as of end-of-period $ 2,001 $ 9,352 $ 2,047 $ 9,320 Net balance as of end-of-period $ 2,001 $ 3,514 $ 2,047 $ 3,372 Less: reinsurance recoverables (2) 1,527 232 10 263 Net balance as of end-of-period, net of reinsurance $ 474 $ 3,282 $ 2,037 $ 3,109 Weighted-average duration of future policyholder benefit liability (years) 9 10 9 10 (1) Includes deferred profit liability within Payout Annuities of $61 million and $53 million as of June 30, 2024 and 2023, respectively. (2) Increase in Payout Annuities reinsurance recoverables was 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 Six 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 actual variances from expected experience (191) (220) Adjusted beginning-of-year balance 5,988 5,839 New incidence 838 882 Interest 93 83 Benefit payments (757) (734) Ending balance at original discount rate 6,162 6,070 Effect of cumulative changes in discount rate assumptions (593) (577) Balance as of end-of-period 5,569 5,493 Less: reinsurance recoverables (1) 4,284 121 Balance as of end-of-period, net of reinsurance $ 1,285 $ 5,372 Weighted-average duration of liability for future claims (years) 5 4 (1) Increase in reinsurance recoverables was driven by the second quarter 2024 reinsurance transaction. See Note 7 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 Six 2024 2023 Balance as of beginning-of-year $ 15,752 $ 14,777 Less: Effect of cumulative changes in shadow balance in AOCI (853) (905) Balance as of beginning-of-year, excluding shadow balance in AOCI 16,605 15,682 Effect of actual variances from expected experience 136 6 Adjusted beginning-of-year balance 16,741 15,688 Interest accrual 410 377 Net assessments collected 638 190 Benefit payments (521) (360) Balance as of end-of-period, excluding shadow balance in AOCI 17,268 15,895 Effect of cumulative changes in shadow balance in AOCI (2,032) (1,769) Balance as of end-of-period 15,236 14,126 Less: reinsurance recoverables (1) 10,040 2,041 Balance as of end-of-period, net of reinsurance $ 5,196 $ 12,085 Weighted-average duration of additional liabilities for other insurance benefits (years) 16 18 (1) Increase in reinsurance recoverables was driven by the fourth quarter 2023 reinsurance transaction. 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 June 30, 2024 As of June 30, 2023 Undiscounted Discounted Undiscounted Discounted Payout Annuities Expected future gross premiums $ – $ – $ – $ – Expected future benefit payments 3,435 2,001 3,500 2,047 Traditional Life Expected future gross premiums 13,265 8,980 13,309 9,050 Expected future benefit payments 14,115 9,352 14,013 9,320 The following table summarizes the discounted and undiscounted expected future benefit payments (in millions): As of June 30, 2024 As of June 30, 2023 Undiscounted Discounted Undiscounted Discounted Group Protection Expected future benefit payments $ 7,290 $ 5,569 $ 7,111 $ 5,493
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 Six 2024 2023 2024 2023 Payout Annuities Gross premiums $ 24 $ 44 $ 45 $ 71 Interest accretion 22 21 43 43 Traditional Life Gross premiums 301 297 599 592 Interest accretion 34 32 67 63 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 Six 2024 2023 2024 2023 Group Protection Gross premiums $ 893 $ 885 $ 1,789 $ 1,770 Interest accretion 45 41 93 83 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 Six 2024 2023 2024 2023 UL and Other Gross assessments $ 773 $ 542 $ 1,539 $ 1,457 Interest accretion 206 190 410 377
Summary of Weighted-Average Interest Rates	The following table summarizes the weighted-average interest rates: For the Six Months Ended 2024 2023 Payout Annuities Interest accretion rate 4.0 % 3.9 % Current discount rate 5.4 % 5.2 % Traditional Life Interest accretion rate 4.9 % 5.0 % Current discount rate 5.2 % 5.1 % The following table summarizes the weighted-average interest rates: For the Six Months Ended June 30, 2024 2023 Group Protection Interest accretion rate 3.2 % 2.9 % Current discount rate 5.2 % 5.1 % The following table summarizes the weighted-average interest rates: For the Six 2024 2023 UL and Other Interest accretion rate 5.4 % 4.9 %

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 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 June 30, 2024 As of December 31, 2023 Carrying Fair Carrying Fair Assets Fixed maturity AFS securities $ 81,037 $ 81,037 $ 82,300 $ 82,300 Trading securities 2,181 2,181 2,321 2,321 Equity securities 295 295 306 306 Mortgage loans on real estate 20,008 17,763 18,873 17,330 Derivative investments 8,472 8,472 6,305 6,305 Other investments 5,385 5,385 4,757 4,757 Cash and invested cash 4,662 4,662 3,193 3,193 MRB assets 4,754 4,754 3,894 3,894 Other assets: Ceded MRBs 39 39 274 274 Indexed annuity ceded embedded derivatives 1,756 1,756 940 940 LPR ceded derivative 202 202 206 206 Separate account assets 165,199 165,199 158,257 158,257 Liabilities Policyholder account balances: Account balances of certain investment contracts (45,072) (34,223) (44,615) (34,020) RILA, fixed annuity and IUL contracts (11,417) (11,417) (9,077) (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives 585 585 493 493 MRB liabilities (1,275) (1,275) (1,716) (1,716) Short-term debt (656) (656) (840) (841) Long-term debt (2,177) (2,125) (2,195) (2,125) Other liabilities: Ceded MRBs (2,189) (2,189) (1,149) (1,149) Derivative liabilities (200) (200) (356) (356) Remaining guaranteed interest and similar contracts (367) (367) (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 $ 258 $ 288 Aggregate contractual principal 292 326
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 June 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 $ – $ 55,206 $ 6,817 $ 62,023 U.S. government bonds 367 21 – 388 State and municipal bonds – 2,240 – 2,240 Foreign government bonds – 256 – 256 RMBS – 1,536 18 1,554 CMBS – 1,380 22 1,402 ABS – 10,950 1,997 12,947 Hybrid and redeemable preferred securities 48 129 50 227 Trading securities – 1,908 273 2,181 Equity securities 2 255 38 295 Mortgage loans on real estate – – 258 258 Derivative investments (1) – 14,739 787 15,526 Other investments – short-term investments – 230 – 230 Cash and invested cash – 4,662 – 4,662 MRB assets – – 4,754 4,754 Other assets: Ceded MRBs – – 39 39 Indexed annuity ceded embedded derivatives – – 1,756 1,756 LPR ceded derivative – – 202 202 Separate account assets 397 164,802 – 165,199 Total assets $ 814 $ 258,314 $ 17,011 $ 276,139 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (11,417) $ (11,417) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – 638 (53) 585 MRB liabilities – – (1,275) (1,275) Other liabilities: Ceded MRBs – – (2,189) (2,189) Derivative liabilities (1) – (6,459) (795) (7,254) Total liabilities $ – $ (5,821) $ (15,729) $ (21,550) 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 $ – $ 57,397 $ 6,469 $ 63,866 U.S. government bonds 373 20 – 393 State and municipal bonds – 2,537 5 2,542 Foreign government bonds – 278 – 278 RMBS – 1,589 13 1,602 CMBS – 1,336 8 1,344 ABS – 10,559 1,484 12,043 Hybrid and redeemable preferred securities 46 138 48 232 Trading securities – 2,037 284 2,321 Equity securities 1 263 42 306 Mortgage loans on real estate – – 288 288 Derivative investments (1) – 10,705 622 11,327 Other investments – short-term investments – 233 – 233 Cash and invested cash – 3,193 – 3,193 MRB assets – – 3,894 3,894 Other assets: Ceded MRBs – – 274 274 Indexed annuity ceded embedded derivatives – – 940 940 LPR ceded derivative – – 206 206 Separate account assets 402 157,855 – 158,257 Total assets $ 822 $ 248,140 $ 14,577 $ 263,539 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts $ – $ – $ (9,077) $ (9,077) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives – 493 – 493 MRB liabilities – – (1,716) (1,716) Other liabilities: Ceded MRBs – – (1,149) (1,149) Derivative liabilities (1) – (4,792) (586) (5,378) Total liabilities $ – $ (4,299) $ (12,528) $ (16,827) (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.
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 June 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 $ 6,747 $ (1) $ (8) $ 171 $ (92) $ 6,817 RMBS 12 – – 6 – 18 CMBS 8 – – 14 – 22 ABS 1,692 – 7 365 (67) 1,997 Hybrid and redeemable preferred securities 51 – (1) – – 50 Trading securities 271 – – 2 – 273 Equity securities 39 – – (1) – 38 Mortgage loans on real estate 289 4 – (35) – 258 Derivative investments 1 (6) – (3) – (8) Other assets: Ceded MRBs (3) 59 (20) – – – 39 Indexed annuity ceded embedded derivatives (4) 973 11 – 772 – 1,756 LPR ceded derivative (5) 201 1 – – – 202 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (10,896) (339) – (182) – (11,417) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) (25) (28) – – – (53) Other liabilities – ceded MRBs (3) (2,261) 72 – – – (2,189) Total, net $ (2,839) $ (306) $ (2) $ 1,109 $ (159) $ (2,197) For the Three Months Ended June 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 $ 6,219 $ (12) $ 3 $ (57) $ 24 $ 6,177 State and municipal bonds 36 (2) 3 (1) – 36 RMBS 1 – – 5 – 6 CMBS – – – (4) 4 – ABS 1,100 – (6) 152 (38) 1,208 Hybrid and redeemable preferred securities 59 – (3) – 4 60 Trading securities 458 (2) – (105) – 351 Equity securities 137 (13) – 1 – 125 Mortgage loans on real estate 490 (4) 2 (84) – 404 Derivative investments 1 (1) – – 31 31 Other assets: Ceded MRBs (3) 699 (298) – – – 401 Indexed annuity ceded embedded derivatives (4) 565 4 – 34 – 603 LPR ceded derivative (5) 199 3 – – – 202 Liabilities Policyholder account balances – RILA, fixed annuity and IUL contracts (4) (5,796) (1,558) – (156) – (7,510) Other liabilities – ceded MRBs (3) (909) (531) – – – (1,440) Total, net $ 3,259 $ (2,414) $ (1) $ (215) $ 25 $ 654 For the Six Months Ended June 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 $ 6,469 $ – $ (16) $ 481 $ (117) $ 6,817 State and municipal bonds 5 – – – (5) – RMBS 13 – (1) 6 – 18 CMBS 8 – – 14 – 22 ABS 1,484 1 5 566 (59) 1,997 Hybrid and redeemable preferred securities 48 – 2 – – 50 Trading securities 284 – – (11) – 273 Equity securities 42 (3) – (1) – 38 Mortgage loans on real estate 288 4 1 (35) – 258 Derivative investments 36 5 – 2 (51) (8) Other assets: Ceded MRBs (3) 274 (235) – – – 39 Indexed annuity ceded embedded derivatives (4) 940 44 – 772 – 1,756 LPR ceded derivative (5) 206 (4) – – – 202 Liabilities Policyholder account balances - RILA, fixed annuity and IUL contracts (4) (9,077) (2,015) – (325) – (11,417) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (4) – (53) – – – (53) Other liabilities - ceded MRBs (3) (1,149) (1,040) – – – (2,189) Total, net $ (129) $ (3,296) $ (9) $ 1,469 $ (232) $ (2,197) For the Six Months Ended June 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 $ 5,186 $ (12) $ 15 $ 949 $ 39 $ 6,177 State and municipal bonds 35 (2) 4 (1) – 36 RMBS 1 – – 5 – 6 CMBS – – – (4) 4 – ABS 1,117 – 2 320 (231) 1,208 Hybrid and redeemable preferred securities 49 – (3) (2) 16 60 Trading securities 581 2 – (232) – 351 Equity securities 153 (29) – 1 – 125 Mortgage loans on real estate 487 (2) 5 (86) – 404 Derivative investments 2 (2) – – 31 31 Other assets: Ceded MRBs (3) 540 (139) – – – 401 Indexed annuity ceded embedded derivatives (4) 525 11 – 67 – 603 LPR ceded derivative (5) 212 (10) – – – 202 Liabilities Policyholder account balances - RILA, fixed annuity and IUL contracts (4) (4,783) (2,277) – (450) – (7,510) Other liabilities – ceded MRBs (3) (246) (1,194) – – – (1,440) Total, net $ 3,859 $ (3,654) $ 23 $ 567 $ (141) $ 654 (1) The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments 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). (5) Gains (losses) from the changes in fair value are included in benefits 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 June 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 375 $ (79) $ – $ (125) $ – $ 171 RMBS 6 – – – – 6 CMBS 14 – – – – 14 ABS 462 (30) – (56) (11) 365 Trading securities 4 – – (2) – 2 Equity securities – (1) – – – (1) Mortgage loans on real estate – (30) – (5) – (35) Derivative investments (3) – – – – (3) Other assets – indexed annuity ceded embedded derivatives 26 – – 746 – 772 Policyholder account balances – RILA, fixed annuity and IUL contracts (285) – – 103 – (182) Total, net $ 599 $ (140) $ – $ 661 $ (11) $ 1,109 For the Three Months Ended June 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 253 $ (62) $ (26) $ (211) $ (11) $ (57) RMBS 5 – – – – 5 CMBS – – – (4) – (4) ABS 216 – – (64) – 152 State and municipal bonds – (1) – – – (1) Trading securities – (102) – (3) – (105) Equity securities 1 – – – – 1 Mortgage loans on real estate 3 – – (87) – (84) Other assets – indexed annuity ceded embedded derivatives 34 – – – – 34 Policyholder account balances – RILA, fixed annuity and IUL contracts (316) – – 160 – (156) Total, net $ 196 $ (165) $ (26) $ (209) $ (11) $ (215) For the Six Months Ended June 30, 2024 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 911 $ (206) $ (2) $ (221) $ (1) $ 481 RMBS 6 – – – – 6 CMBS 14 – – – – 14 ABS 726 (30) – (119) (11) 566 Trading securities 4 (2) – (13) – (11) Equity securities – (1) – – – (1) Mortgage loans on real estate 1 (31) – (5) – (35) Derivative investments 4 – (2) – – 2 Other assets – indexed annuity ceded embedded derivatives 52 – – 720 – 772 Policyholder account balances – RILA, fixed annuity and IUL contracts (533) – – 208 – (325) Total, net $ 1,185 $ (270) $ (4) $ 570 $ (12) $ 1,469 For the Six Months Ended June 30, 2023 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,390 $ (117) $ (34) $ (279) $ (11) $ 949 RMBS 5 – – – – 5 CMBS – – – (4) – (4) ABS 457 (2) – (135) – 320 State and municipal bonds – (1) – – – (1) Hybrid and redeemable preferred securities – – – – (2) (2) Trading securities – (155) – (77) – (232) Equity securities 1 – – – – 1 Mortgage loans on real estate 4 – – (90) – (86) Other assets – indexed annuity ceded embedded derivatives 84 – – (17) – 67 Policyholder account balances – RILA, fixed annuity and IUL contracts (615) – – 165 – (450) Total, net $ 1,326 $ (275) $ (34) $ (437) $ (13) $ 567
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 Six 2024 2023 2024 2023 Trading securities (1) $ (1) $ (5) $ (1) $ 1 Equity securities (1) – (13) (2) (29) Mortgage loans on real estate (1) (3) (5) (4) (3) Derivative investments (1) (8) – 8 (2) MRBs (2) 160 1,222 845 133 Other assets – LPR ceded derivative (3) 1 3 (4) (10) Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives (1) (28) – (53) – Embedded derivatives – indexed annuity and IUL contracts (1) 228 (55) 469 (208) Total, net $ 349 $ 1,147 $ 1,258 $ (118) (1) Included in realized gain (loss) (2) Included in market risk benefit gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (3) Included in benefits on the Consolidated Statements of Comprehensive Income (Loss).
Changes in Unrealized Gains (Losses) Included in OCI	The following summarizes changes in unrealized gains (losses) For the Three For the Six 2024 2023 2024 2023 Fixed maturity AFS securities: Corporate bonds $ (27) $ – $ (37) $ 12 State and municipal bonds – 3 – 3 ABS (20) (7) (20) 1 Hybrid and redeemable preferred securities (1) (2) 1 (2) Mortgage loans on real estate – 2 1 4 Total, net $ (48) $ (4) $ (55) $ 18
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 Months Ended June 30, 2024 For the Three Months Ended June 30, 2023 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 $ – $ (92) $ (92) $ 100 $ (76) $ 24 CMBS – – – 4 – 4 ABS 18 (85) (67) 2 (40) (38) Hybrid and redeemable preferred securities – – – 4 – 4 Derivative investments – – – 31 – 31 Total, net $ 18 $ (177) $ (159) $ 141 $ (116) $ 25 For the Six Months Ended June 30, 2024 For the Six Months Ended June 30, 2023 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 $ 19 $ (136) $ (117) $ 158 $ (119) $ 39 State and municipal bonds – (5) (5) – – – CMBS – – – 4 – 4 ABS 49 (108) (59) 2 (233) (231) Hybrid and redeemable preferred securities – – – 16 – 16 Derivative investments – (51) (51) 31 – 31 Total, net $ 68 $ (300) $ (232) $ 211 $ (352) $ (141)
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 June 30, 2024: Weighted Fair Valuation Significant Assumption or Average Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 173 Discounted cash flow Liquidity/duration adjustment (2) 0% – 3.6 % 1.9 % CMBS 8 Discounted cash flow Liquidity/duration adjustment (2) 1.9 % – 1.9 % 1.9 % ABS 11 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % – 1.4 % 1.4 % Hybrid and redeemable preferred securities 7 Discounted cash flow Liquidity/duration adjustment (2) 1.2 % – 1.5 % 1.3 % Equity securities 5 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % – 4.5 % 4.5 % MRB assets 4,754 Other assets: Ceded MRBs 39 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) 0.21 % – 1.92 % 1.55 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.12 % Indexed annuity ceded embedded derivatives 1,756 Discounted cash flow Lapse (3) 0% – 9 % (10) Mortality (7) (9) (10) LPR ceded derivative 202 Discounted cash flow Lapse (3) 0.10 % 2.00 % (10) Non-performance risk (6) 0.21 % 1.92 % 1.36 % Mortality (7) (9) (10) Liabilities Policyholder account balances – indexed annuity contracts embedded derivatives $ (11,325) Discounted cash flow Lapse (3) 0% – 9 % (10) Mortality (7) (9) (10) MRB liabilities (1,275) Other liabilities – ceded MRBs (2,189) 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) 0.21 % – 1.92 % 1.55 % Mortality (7) (9) (10) Volatility (8) 1 % – 29 % 14.12 % 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 Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS securities: Corporate bonds $ 183 Discounted cash flow Liquidity/duration adjustment (2) (0.2) % – 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 274 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 % Indexed annuity ceded embedded derivatives 940 Discounted cash flow Lapse (3) 0% – 9 % (10) Mortality (7) (9) (10) LPR ceded derivative 206 Discounted cash flow Lapse (3) 0.1 % 2.00 % (10) Non-performance risk (6) 1 % 2.13 % 1.58 % 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 (1,149) 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. The non-performance risk input for LPR ceded derivative was weighted using a simple average. (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 Stockholder's Equi_2

Shares and Stockholder's Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Components and Changes In AOCI	The following summarizes the components and changes in AOCI (in millions): For the Six 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Balance as of beginning-of-year $ (3,532) $ (8,526) Unrealized holding gains (losses) arising during the period (1,489) 1,199 Change in foreign currency exchange rate adjustment (117) 119 Change in future contract benefits and policyholder account balances, net of reinsurance 2,215 856 Income tax benefit (expense) (131) (478) Less: Reclassification adjustment for gains (losses) included in net income (loss) (106) (2,722) Income tax benefit (expense) 22 572 Balance as of end-of-period $ (2,970) $ (4,680) Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ 249 $ 301 Unrealized holding gains (losses) arising during the period 46 204 Change in foreign currency exchange rate adjustment 117 (110) Income tax benefit (expense) (35) (20) Less: Reclassification adjustment for gains (losses) included in net income (loss) 27 30 Income tax benefit (expense) (6) (6) Balance as of end-of-period $ 356 $ 351 Market Risk Benefit Non-Performance Risk Gain (Loss) Balance as of beginning-of-year $ 1,069 $ 1,739 Adjustment arising during the period (841) 129 Income tax benefit (expense) 180 (27) Balance as of end-of-period $ 408 $ 1,841 Policyholder Liability Discount Rate Remeasurement Gain (Loss) Balance as of beginning-of-year $ 645 $ 790 Adjustment arising during the period 241 (114) Income tax benefit (expense) (51) 26 Balance as of end-of-period $ 835 $ 702 Foreign Currency Translation Adjustment Balance as of beginning-of-year $ – $ – Foreign currency translation adjustment arising during the period – (1) Balance as of end-of-period $ – $ (1) Funded Status of Employee Benefit Plans Balance as of beginning-of-year $ (16) $ (17) Balance as of end-of-period $ (16) $ (17)
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 Six 2024 2023 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Reclassification $ (111) $ (3,140) Realized gain (loss) Associated change in future contract benefits 5 418 Benefits Reclassification before income tax benefit (expense) (106) (2,722) Income (loss) before taxes Income tax benefit (expense) 22 572 Federal income tax expense (benefit) Reclassification, net of income tax $ (84) $ (2,150) Net income (loss) Unrealized Gain (Loss) on Derivative Instruments Interest rate contracts $ (1) $ – Interest and debt expense Foreign currency contracts 29 27 Net investment income Foreign currency contracts (1) 3 Realized gain (loss) Reclassifications before income tax benefit (expense) 27 30 Income (loss) before taxes Income tax benefit (expense) (6) (6) Federal income tax expense (benefit) Reclassifications, net of income tax $ 21 $ 24 Net income (loss)

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 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 Six 2024 2023 2024 2023 Revenues Operating revenues: Annuities $ 1,141 $ 1,097 $ 2,319 $ 2,140 Life Insurance 1,318 1,656 2,498 3,294 Group Protection (1) (3,051) 1,400 (1,626) 2,787 Retirement Plan Services 323 328 640 650 Other Operations 34 36 59 75 Revenue adjustments from annuity and life insurance product features 224 (23) 394 (114) Credit loss-related adjustments (33) (5) (33) (26) Investment gains (losses) (2) (204) (3,081) (260) (3,137) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans 43 71 90 60 GLB rider fees ceded to LNBAR (232) (232) (462) (465) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses (3) 481 – 481 – Total revenues $ 44 $ 1,247 $ 4,100 $ 5,264
Reconciliation Of Income (Loss) From Operations By Segment To Consolidated Net Income (Loss)	For the Three For the Six 2024 2023 2024 2023 Net Income (Loss) Income (loss) from operations: Annuities $ 252 $ 218 $ 475 $ 435 Life Insurance 79 32 28 – Group Protection 129 109 209 179 Retirement Plan Services 37 43 69 81 Other Operations (59) (75) (167) (127) Net annuity product features, after-tax 324 1,084 1,108 262 Net life insurance product features, after-tax (4) (12) 207 (114) 112 Credit loss-related adjustments, after-tax (27) (4) (28) (21) Investment gains (losses), after-tax (2) (160) (2,435) (206) (2,478) Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans, after-tax 34 56 71 47 GLB rider fees ceded to LNBAR, after-tax (182) (184) (364) (367) Transaction and integration costs related to mergers, acquisitions and divestitures, after-tax (5) (12) (7) (21) (7) Gains (losses) on other non-financial assets – sale of subsidiaries/businesses, after-tax (3) 358 – 358 – Net income (loss) $ 761 $ (956) $ 1,418 $ (1,884) (1) The three and six months ended June 30, 2024, reflect day one impacts pertaining to the second quarter 2024 reinsurance transaction. For more information, see Note 7 (2) The three and six months ended June 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) For information on the sale of the wealth management business, see Note 1 (4) The three and six months ended June 30, 2023, include $330 million after-tax related to the fourth quarter 2023 reinsurance transaction. For more information, see Note 7 (5) Includes costs pertaining to the sale of the wealth management business and the fourth quarter 2023 reinsurance transaction. For more information, see Notes 1 7
Reconciliation of Assets from Segment to Consolidated	Other segment information (in millions) was as follows: As of As of 2024 2023 Assets Annuities $ 204,946 $ 186,716 Life Insurance 112,686 107,529 Group Protection 13,943 9,741 Retirement Plan Services 47,830 46,969 Other Operations 19,529 23,021 Total assets $ 398,934 $ 373,976

Realized Gain (Loss) (Tables)

Realized Gain (Loss) (Tables)	6 Months Ended
	Jun. 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 Six 2024 2023 2024 2023 Fixed maturity AFS securities: Gross gains $ 9 $ 8 $ 16 $ 33 Gross losses (120) (48) (178) (111) Credit loss benefit (expense) (1) (23) 1 (25) (15) Intent to sell impairments (2) – (3,062) – (3,062) Realized gain (loss) on equity securities (3) 1 (13) 12 (27) Credit loss benefit (expense) on mortgage loans on real estate (17) (3) (17) (7) Credit loss benefit (expense) on reinsurance-related assets 7 (3) 9 (4) Realized gain (loss) on the mark-to-market on certain instruments (4)(5) (68) (80) (201) (207) Indexed product derivative results (6) 77 (49) 222 (203) GLB rider fees ceded to LNBAR and attributed fees (31) (28) (61) (57) Realized gain (loss) on subsidiaries/businesses (7) 481 – 481 – Other realized gain (loss) (33) 25 (32) 14 Total realized gain (loss) $ 283 $ (3,252) $ 226 $ (3,646) (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 six months ended June 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 $4 million and $(13) million for the three months ended June 30, 2024 and 2023, respectively, and $16 million and $(27) million for the six months ended June 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 less than $3 million and $(3) million for the three months ended June 30, 2024 and 2023, respectively, and $3 million and $(1) million for the six months ended June 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) For information on the sale of the wealth management business, see Note 1

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Data (Tables)	6 Months Ended
	Jun. 30, 2024
Supplemental Cash Flow Information [Abstract]
Summary of Supplemental Cash Flow Data	The following summarizes our supplemental cash flow data (in millions): For the Six 2024 2023 Non-cash transactions: Establishment of funds withheld liability in connection with a reinsurance transaction $ (6,797) $ – Extraordinary dividend to LNC in the form of fixed maturity AFS securities, mortgage loans on real estate and accrued investment income (929) – Net increase (decrease) in fixed maturity AFS securities and accrued investment income in connection with reinsurance activity 287 (15)

Nature of Operations and Basi_4

Nature of Operations and Basis of Presentation (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	May 06, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition of business		$ 481	$ 0	$ 481	$ 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]
Gain on disposition of business	$ 467
Transaction expenses		$ 14		$ 24
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Wealth Management Business | Lincoln National Corporation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of interest in consolidated subsidiaries	725
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Wealth Management Business | The Lincoln National Life Insurance Company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of interest in consolidated subsidiaries	$ 598

Investments - Reconciliation of

Investments - Reconciliation of Available-for-Sale Securities from Cost Basis to Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 88,371		$ 88,231
Gross Unrealized Gains	728		1,054
Gross Unrealized Losses	8,023		6,966
Allowance for Credit Losses	39	$ 21	19	$ 25	$ 37	$ 21
Fair Value	81,037		82,300
Corporate bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	68,308		68,811
Gross Unrealized Gains	547		820
Gross Unrealized Losses	6,819		5,757
Allowance for Credit Losses	13	10	8	13	26	9
Fair Value	62,023		63,866
U.S. government bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	422		414
Gross Unrealized Gains	3		7
Gross Unrealized Losses	37		28
Allowance for Credit Losses	0		0
Fair Value	388		393
State and municipal bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	2,449		2,675
Gross Unrealized Gains	45		97
Gross Unrealized Losses	254		230
Allowance for Credit Losses	0		0
Fair Value	2,240		2,542
Foreign government bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	298		309
Gross Unrealized Gains	12		15
Gross Unrealized Losses	54		46
Allowance for Credit Losses	0		0
Fair Value	256		278
RMBS
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,696		1,719
Gross Unrealized Gains	20		27
Gross Unrealized Losses	156		138
Allowance for Credit Losses	6	6	6	6	6	7
Fair Value	1,554		1,602
CMBS
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,556		1,520
Gross Unrealized Gains	4		5
Gross Unrealized Losses	158		181
Allowance for Credit Losses	0		0
Fair Value	1,402		1,344
ABS
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	13,424		12,556
Gross Unrealized Gains	75		62
Gross Unrealized Losses	533		571
Allowance for Credit Losses	19	$ 4	4	$ 5	$ 4	$ 4
Fair Value	12,947		12,043
Hybrid and redeemable preferred securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	218		227
Gross Unrealized Gains	22		21
Gross Unrealized Losses	12		15
Allowance for Credit Losses	1		1
Fair Value	$ 227		$ 232

Investments - Available-for-Sal

Investments - Available-for-Sale Securities by Contractual Maturities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Total fixed maturity AFS securities	$ 88,371	$ 88,231
Fair Value
Total fixed maturity AFS securities	81,037	$ 82,300
Fixed maturity AFS securities other than structured securities
Amortized Cost
Due in one year or less	4,818
Due after one year through five years	17,915
Due after five years through ten years	14,005
Due after ten years	34,957
Total fixed maturity AFS securities	71,695
Fair Value
Due in one year or less	4,766
Due after one year through five years	17,243
Due after five years through ten years	12,954
Due after ten years	30,171
Total fixed maturity AFS securities	65,134
Structured securities (RMBS, CMBS, ABS)
Amortized Cost
Total fixed maturity AFS securities	16,676
Fair Value
Total fixed maturity AFS securities	$ 15,903

Investments - Fair Value and Gr

Investments - Fair Value and Gross Unrealized Losses in a Continuous Unrealized Loss Position (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Fair Value
Less Than or Equal to Twelve Months	$ 26,332	$ 16,851
Greater Than Twelve Months	33,191	43,082
Total	59,523	59,933
Gross Unrealized Losses
Less Than or Equal to Twelve Months	3,030	1,999
Greater Than Twelve Months	4,993	4,967
Total	$ 8,023	$ 6,966
Total number of fixed maturity AFS securities in an unrealized loss position | security	7,077	7,167
Unrealized holding losses arising during the period	$ 18	$ 7
Corporate bonds
Fair Value
Less Than or Equal to Twelve Months	21,263	13,439
Greater Than Twelve Months	26,263	33,285
Total	47,526	46,724
Gross Unrealized Losses
Less Than or Equal to Twelve Months	2,618	1,744
Greater Than Twelve Months	4,201	4,013
Total	6,819	5,757
U.S. government bonds
Fair Value
Less Than or Equal to Twelve Months	88	65
Greater Than Twelve Months	198	194
Total	286	259
Gross Unrealized Losses
Less Than or Equal to Twelve Months	5	6
Greater Than Twelve Months	32	22
Total	37	28
State and municipal bonds
Fair Value
Less Than or Equal to Twelve Months	689	371
Greater Than Twelve Months	563	814
Total	1,252	1,185
Gross Unrealized Losses
Less Than or Equal to Twelve Months	118	72
Greater Than Twelve Months	136	158
Total	254	230
Foreign government bonds
Fair Value
Less Than or Equal to Twelve Months	77	108
Greater Than Twelve Months	89	57
Total	166	165
Gross Unrealized Losses
Less Than or Equal to Twelve Months	24	31
Greater Than Twelve Months	30	15
Total	54	46
RMBS
Fair Value
Less Than or Equal to Twelve Months	516	355
Greater Than Twelve Months	744	840
Total	1,260	1,195
Gross Unrealized Losses
Less Than or Equal to Twelve Months	37	20
Greater Than Twelve Months	119	118
Total	156	138
CMBS
Fair Value
Less Than or Equal to Twelve Months	637	583
Greater Than Twelve Months	555	586
Total	1,192	1,169
Gross Unrealized Losses
Less Than or Equal to Twelve Months	68	56
Greater Than Twelve Months	90	125
Total	158	181
ABS
Fair Value
Less Than or Equal to Twelve Months	3,052	1,898
Greater Than Twelve Months	4,679	7,212
Total	7,731	9,110
Gross Unrealized Losses
Less Than or Equal to Twelve Months	158	68
Greater Than Twelve Months	375	503
Total	533	571
Hybrid and redeemable preferred securities
Fair Value
Less Than or Equal to Twelve Months	10	32
Greater Than Twelve Months	100	94
Total	110	126
Gross Unrealized Losses
Less Than or Equal to Twelve Months	2	2
Greater Than Twelve Months	10	13
Total	$ 12	$ 15

Investments - Schedule of Avail

Investments - Schedule of Available-for-Sale Securities Whose Value is Below Amortized Cost (Details) $ in Millions	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Fair Value
Nine months or greater, but less than twelve months	$ 26,332	$ 16,851
Twelve months or greater	33,191	43,082
Total	59,523	59,933
Gross Unrealized Losses
Nine months or greater, but less than twelve months	3,030	1,999
Twelve months or greater	4,993	4,967
Total	$ 8,023	$ 6,966
Number of Securities
Total | security	7,077	7,167
Fair Value Decline, Greater Than 20%
Fair Value
Less than six months	$ 3,456	$ 2,480
Six months or greater, but less than nine months	2,310	321
Nine months or greater, but less than twelve months	378	321
Twelve months or greater	3,173	3,485
Total	9,317	6,607
Gross Unrealized Losses
Less than six months	1,043	916
Six months or greater, but less than nine months	961	90
Nine months or greater, but less than twelve months	157	106
Twelve months or greater	1,383	1,336
Total	$ 3,544	$ 2,448
Number of Securities
Less than six months | security	677	529
Six months or greater, but less than nine months | security	493	79
Nine months or greater, but less than twelve months | security	124	87
Twelve months or greater | security	641	704
Total | security	1,935	1,399

Investments - Narrative (Detail

Investments - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) investment	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) investment	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) investment
Investments [Line Items]
Increase in gross AFS securities unrealized gains (losses)			$ (1,100)
Losses from loan modifications	$ 3	$ 1	$ 3	$ 1
Number of partnerships in alternative investment portfolio | investment	342		342		332
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	81,037		81,037		$ 82,300
Investment commitments	4,100		4,100
Investment commitments for limited partnerships	3,100		3,100
Investment commitments for mortgage loans on real estate	595		595
Investment commitments for private placements	398		398
Asset Pledged as Collateral
Investments [Line Items]
Fixed maturity available-for-sale securities, at fair value	36		36
Derivative Counterparties
Investments [Line Items]
Fair value of collateral received that we are permitted to sell or re-pledge	1,000		1,000
Fair value of securities received as collateral that have been resold or repledged	$ 60		$ 60
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					2,700
Fair value of portfolio rated below investment grade					$ 2,600
Corporate bonds | Credit Assessment | Reinsurer Concentration Risk
Investments [Line Items]
Percentage of fair value rated as investment grade	96%		96%		96%
White Chapel V LLC | MBS
Investments [Line Items]
Fair value, concentration of risk	$ 1,500		$ 1,500		$ 1,300
White Chapel V LLC | Investments | Lender Concentration Risk | MBS
Investments [Line Items]
Concentration risk			1%		1%
White Chapel LLC | MBS
Investments [Line Items]
Fair value, concentration of risk	1,100		$ 1,100		$ 1,000
White Chapel LLC | Investments | Lender Concentration Risk | MBS
Investments [Line Items]
Concentration risk			1%		1%
Financial Service | Securities Investment
Investments [Line Items]
Fair value, concentration of risk	15,800		$ 15,800		$ 16,600
Financial Service | Investments | Lender Concentration Risk | Securities Investment
Investments [Line Items]
Concentration risk			13%		14%
Consumer Non-Cyclical Industry | Securities Investment
Investments [Line Items]
Fair value, concentration of risk	$ 11,000		$ 11,000		$ 11,300
Consumer Non-Cyclical Industry | Investments | Lender Concentration Risk | Securities Investment
Investments [Line Items]
Concentration risk			9%		10%

Investments - Changes in Allowa

Investments - Changes in Allowance for Credit Losses on AFS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	$ 21	$ 37	$ 19	$ 21
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	16	2	17	20
Additions (reductions) for securities for which credit losses were previously recognized	8	(2)	11	(3)
Reductions for disposed securities	(1)		(3)	(1)
Reductions for securities charged-off	(5)	(12)	(5)	(12)
Balance as of end-of-period	39	25	39	25
Accrued investment income on fixed maturity AFS securities			811	1,100
Corporate bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	10	26	8	9
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	1	2	2	20
Additions (reductions) for securities for which credit losses were previously recognized	8	(3)	11	(3)
Reductions for disposed securities	(1)		(3)	(1)
Reductions for securities charged-off	(5)	(12)	(5)	(12)
Balance as of end-of-period	13	13	13	13
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	0	0	0	(1)
Reductions for disposed securities	0		0	0
Reductions for securities charged-off	0	0	0	0
Balance as of end-of-period	6	6	6	6
ABS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	4	4	4	4
Additions from purchases of PCD debt securities	0	0	0	0
Additions for securities for which credit losses were not previously recognized	15	0	15	0
Additions (reductions) for securities for which credit losses were previously recognized	0	1	0	1
Reductions for disposed securities	0		0	0
Reductions for securities charged-off	0	0	0	0
Balance as of end-of-period	19	5	19	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 ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses	$ (132)	$ (114)
Unamortized premium (discount)	56	36
Mark-to-market gains (losses)	(34)	(37)
Total carrying value	20,008	18,873
Current
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	19,960	18,830
30 to 59 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	30	89
60 to 89 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	35	9
90 or more days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	93	60
Mark-to-market gains (losses)	30	1
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses	(92)	(86)
Unamortized premium (discount)	(6)	(7)
Mark-to-market gains (losses)	(33)	(36)
Total carrying value	17,302	17,097
Commercial | Current
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	17,377	17,165
Commercial | 30 to 59 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	0	61
Commercial | 60 to 89 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	22	0
Commercial | 90 or more days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	34	0
Residential
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses	(40)	(28)
Unamortized premium (discount)	62	43
Mark-to-market gains (losses)	(1)	(1)
Total carrying value	2,706	1,776
Residential | Current
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	2,583	1,665
Residential | 30 to 59 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	30	28
Residential | 60 to 89 days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	13	9
Residential | 90 or more days past due
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans on real estate, gross	$ 59	$ 60

Investments - Amortized Cost of

Investments - Amortized Cost of Mortgage Loans on Real Estate on Nonaccrual Status (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 86	$ 62
Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	26	0
Residential
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 60	$ 62

Investments - Commercial Mortga

Investments - Commercial Mortgage Loans by Year of Origination (Details) - Commercial $ in Millions	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Origination Year
Year one	$ 777	$ 1,420
Year two	1,392	1,849
Year three	1,833	2,378
Year four	2,345	1,216
Year five	1,180	2,494
Year six and prior	9,900	7,862
Total	17,427	17,219
LTV Less Than 65%
Origination Year
Year one	746	1,366
Year two	1,345	1,709
Year three	1,732	2,317
Year four	2,296	1,205
Year five	1,176	2,404
Year six and prior	9,766	7,770
Total	$ 17,061	$ 16,771
Debt-Service Coverage Ratio
Year one	1.47	1.90
Year two	1.58	2.07
Year three	1.74	3.34
Year four	2.03	3.23
Year five	2.46	2.39
Year six and prior	2.72	2.39
LTV 65% to 75%
Origination Year
Year one	$ 31	$ 54
Year two	47	140
Year three	100	61
Year four	49	11
Year five	4	80
Year six and prior	134	78
Total	$ 365	$ 424
Debt-Service Coverage Ratio
Year one	1.32	1.38
Year two	1.33	1.54
Year three	1.41	1.55
Year four	1.47	1.38
Year five	1.05	1.56
Year six and prior	1.32	1.60
LTV Greater Than 75%
Origination Year
Year one	$ 0	$ 0
Year two	0	0
Year three	1	0
Year four	0	0
Year five	0	10
Year six and prior	0	14
Total	$ 1	$ 24
Debt-Service Coverage Ratio
Year one	0	0
Year two	0	0
Year three	1.17	0
Year four	0	0
Year five	0	2.33
Year six and prior	0	0.87

Investments - Residential Mortg

Investments - Residential Mortgage Loans by Year of Origination (Details) - Residential - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 957	$ 517
Year two	560	555
Year three	536	483
Year four	463	81
Year five	76	112
Year six and prior	155	57
Total	2,747	1,805
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	957	515
Year two	556	533
Year three	512	465
Year four	448	78
Year five	73	99
Year six and prior	141	53
Total	2,687	1,743
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	2
Year two	4	22
Year three	24	18
Year four	15	3
Year five	3	13
Year six and prior	14	4
Total	$ 60	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period			$ 114
Additions (reductions) from provision for credit loss expense	$ 17	$ 3	17	$ 7
Balance as of end-of-period	132		132
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period			86
Balance as of end-of-period	92		92
Residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period			28
Balance as of end-of-period	40		40
Mortgage loans on real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	115	103	114	98
Additions (reductions) from provision for credit loss expense	17	1	18	6
Additions from purchases of PCD mortgage loans on real estate	0	0	0	0
Balance as of end-of-period	132	104	132	104
Credit loss (expense) reversal	1	(2)	1	(1)
Accrued investment income excluded from credit losses	80	53	80	53
Mortgage loans on real estate | Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	84	83	86	83
Additions (reductions) from provision for credit loss expense	8	(2)	6	(2)
Additions from purchases of PCD mortgage loans on real estate	0	0	0	0
Balance as of end-of-period	92	81	92	81
Mortgage loans on real estate | Residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning-of-period	31	20	28	15
Additions (reductions) from provision for credit loss expense	9	3	12	8
Additions from purchases of PCD mortgage loans on real estate	0	0	0	0
Balance as of end-of-period	$ 40	$ 23	$ 40	$ 23

Investments - Credit Loss Expen

Investments - Credit Loss Expense Incurred (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	$ 0	$ (3,062)	$ 0	$ (3,062)
Total credit loss benefit (expense)	(16)	(2)	(17)	(20)
Realized Gain (Loss)
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total credit loss benefit (expense)	(23)	1	(25)	(15)
Corporate bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(2,748)	0	(2,748)
Total credit loss benefit (expense)	(1)	(2)	(2)	(20)
Corporate bonds | Realized Gain (Loss)
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total credit loss benefit (expense)	(8)	1	(10)	(16)
State and municipal bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(151)	0	(151)
RMBS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(55)	0	(55)
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)	0	0	0	1
CMBS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(52)	0	(52)
ABS
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	0	(53)	0	(53)
Total credit loss benefit (expense)	(15)	0	(15)	0
ABS | Realized Gain (Loss)
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total credit loss benefit (expense)	(15)	0	(15)	0
Hybrid and redeemable preferred securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Total intent to sell impairments	$ 0	$ (3)	$ 0	$ (3)

Investments - Payables for Coll

Investments - Payables for Collateral on Investments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Carrying Value
Collateral payable for derivative investments	$ 7,608	$ 5,127
Securities pledged under securities lending agreements	202	205
Investments pledged for FHLBI	3,200	2,650
Total payables for collateral on investments	11,010	7,982
Fair Value
Collateral payable for derivative investments	7,608	5,127
Securities pledged under securities lending agreements	194	197
Investments pledged for FHLBI	4,396	3,603
Total payables for collateral on investments	$ 12,198	$ 8,927
Percentage of the fair value of domestic securities obtained as collateral under securities lending agreements.	102%	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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Investments [Abstract]
Collateral payable for derivative investments	$ 2,481	$ 1,312
Securities pledged under securities lending agreements	(3)	(8)
Investments pledged for FHLBI	550	(980)
Total increase (decrease) in payables for collateral on investments	$ 3,028	$ 324

Investments - Schedule of Secur

Investments - Schedule of Securities Pledged by Contractual Maturity (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	$ 202	$ 205
Total gross secured borrowings	202	205
Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	180	202
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	7	3
U.S. government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	15
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total gross secured borrowings	202	205
Overnight and Continuous | Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	180	202
Overnight and Continuous | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	7	3
Overnight and Continuous | U.S. government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	15
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
Up to 30 Days | U.S. government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	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
30-90 Days | U.S. government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	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
Greater Than 90 Days | U.S. government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities pledged under securities lending agreements	$ 0

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Other investments	$ 5,385	$ 4,757
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Other investments	$ 4,500	$ 4,000

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Derivative Instruments With Off-Balance-Sheet Risks (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	$ 334,555	$ 322,099
Fair Value, Asset	18,069	12,965
Fair Value, Liability	18,671	14,454
Change in foreign currency exchange rate adjustment | Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	5,394	5,147
Fair Value, Asset	513	434
Fair Value, Liability	66	125
Fair value hedges: | Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	469	475
Fair Value, Asset	5	1
Fair Value, Liability	19	40
Interest rate contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	74,617
Interest rate contracts | Non-Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	73,628	90,829
Fair Value, Asset	813	636
Fair Value, Liability	1,173	979
Interest rate contracts | Change in foreign currency exchange rate adjustment | Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	545	485
Fair Value, Asset	2	11
Fair Value, Liability	17	47
Interest rate contracts | Fair value hedges: | Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	444	450
Fair Value, Asset	4	1
Fair Value, Liability	19	39
Foreign currency contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	5,235
Foreign currency contracts | Non-Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	361	306
Fair Value, Asset	15	11
Fair Value, Liability	1	6
Foreign currency contracts | Change in foreign currency exchange rate adjustment | Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	4,849	4,662
Fair Value, Asset	511	423
Fair Value, Liability	49	78
Foreign currency contracts | Fair value hedges: | Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	25	25
Fair Value, Asset	1	0
Fair Value, Liability	0	1
Equity market contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	254,659
Equity market contracts | Non-Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	254,659	225,251
Fair Value, Asset	14,180	10,244
Fair Value, Liability	5,995	4,227
Credit contracts
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	44
Credit contracts | Non-Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	44	91
Fair Value, Asset	0	0
Fair Value, Liability	0	0
LPR ceded derivative | Non-Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	0	0
Fair Value, Asset	202	206
Fair Value, Liability	0	0
Reinsurance-related | Non-Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	0	0
Fair Value, Asset	585	493
Fair Value, Liability	0	0
RILA, fixed indexed annuity and IUL contracts | Non-Qualifying Hedges
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	0	0
Fair Value, Asset	1,756	940
Fair Value, Liability	$ 11,417	$ 9,077

Derivative Instruments - Maturi

Derivative Instruments - Maturity of the Notional Amounts of Derivative Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Less Than 1 Year	$ 219,827
1 - 5 Years	55,557
6 - 10 Years	33,230
11 - 30 Years	23,735
Over 30 Years	2,206
Total	334,555	$ 322,099
Interest rate contracts
Derivative [Line Items]
Less Than 1 Year	10,391
1 - 5 Years	19,232
6 - 10 Years	23,278
11 - 30 Years	21,716
Over 30 Years	0
Total	74,617
Foreign currency contracts
Derivative [Line Items]
Less Than 1 Year	379
1 - 5 Years	1,028
6 - 10 Years	1,775
11 - 30 Years	2,011
Over 30 Years	42
Total	5,235
Equity market contracts
Derivative [Line Items]
Less Than 1 Year	209,057
1 - 5 Years	35,253
6 - 10 Years	8,177
11 - 30 Years	8
Over 30 Years	2,164
Total	254,659
Credit contracts
Derivative [Line Items]
Less Than 1 Year	0
1 - 5 Years	44
6 - 10 Years	0
11 - 30 Years	0
Over 30 Years	0
Total	$ 44

Derivative Instruments - Cumula

Derivative Instruments - Cumulative Basis Adjustments for Fair Value Hedges (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amortized Cost of the Hedged Assets / (Liabilities)	$ 500	$ 534
Cumulative Fair Value Hedging Adjustment Included in the Amortized Cost of the Hedged Assets / (Liabilities)	$ 14	$ 39

Derivative Instruments - Change

Derivative Instruments - Change in Our Unrealized Gain on Derivative Instruments in AOCI (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year	$ 10,507
Balance as of end-of-period	11,029	$ 10,401
Unrealized Gain (Loss) on Derivative Instruments
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year	249	301
Income tax benefit (expense)	(35)	(20)
Reclassification adjustment for gains (losses) included in net income (loss)	27	30
Income tax benefit (expense)	(6)	(6)
Balance as of end-of-period	356	351
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)	(1)	0
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)	29	27
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)	3
Unrealized holding gains (losses) arising during the period
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment	46	204
Unrealized holding gains (losses) arising during the period | Interest rate contracts
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment	18	124
Unrealized holding gains (losses) arising during the period | Foreign currency contracts
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment	28	80
Change in foreign currency exchange rate adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment	$ 117	$ (110)

Derivative Instruments - Effect

Derivative Instruments - Effects of Qualifying and Non-Qualifying Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss)	$ 283	$ (3,252)	$ 226	$ (3,646)
Net investment income	1,232	1,476	2,456	2,885
Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss)	283	(3,252)	226	(3,646)
Net investment income	1,232	1,476	2,456	2,885
Interest and debt expense	(2,726)	1,676	(989)	3,871
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	(1)	0	(1)	3
Realized Gain (Loss) | Interest rate contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	(115)	(319)	(277)	12
Realized Gain (Loss) | Foreign currency contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges			0	(2)
Realized Gain (Loss) | Equity market contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	817	809	2,952	750
Realized Gain (Loss) | Commodity contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges			0	11
Realized Gain (Loss) | Credit contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	(1)	0	(2)
Realized Gain (Loss) | LPR ceded derivative | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Realized Gain (Loss) | Reinsurance-related | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	42	76	92	9
Realized Gain (Loss) | RILA, fixed indexed annuity and IUL contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	(328)	(1,554)	(1,970)	(2,266)
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	(1)	0
Foreign currency contracts, amount of gain or (loss) reclassified from AOCI into income	14	13	29	27
Net Investment Income | Interest rate contracts | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	(7)	(19)	(24)	(3)
Derivatives designated as hedging instruments	7	19	24	3
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
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
Net Investment Income | Credit contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Net Investment Income | LPR ceded derivative | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	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
Benefits | 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	0	0	0	0
Benefits | Interest rate contracts | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedging instruments	0	0	0	0
Benefits | Interest rate contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Benefits | Foreign currency contracts | Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items			0	0
Derivatives designated as hedging instruments			0	0
Benefits | Foreign currency contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges			0	0
Benefits | Equity market contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Benefits | Commodity contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges			0	0
Benefits | Credit contracts | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Benefits | LPR ceded derivative | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	(1)	(3)	4	10
Benefits | Reinsurance-related | Non-Qualifying Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges	0	0	0	0
Benefits | 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	6 Months Ended
	Jun. 30, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash flow hedge gain (loss) to be reclassified within 12 months	$ 64

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Collateral Amounts With Rights to Reclaim or Obligation to Return Cash (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNL)	$ 7,579	$ 5,107
Collateral Posted by LNL (Held by Counter- Party)	(49)	(188)
AA-
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNL)	3,145	2,330
Collateral Posted by LNL (Held by Counter- Party)	(49)	(63)
A+
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNL)	3,688	2,422
Collateral Posted by LNL (Held by Counter- Party)	0	(125)
A
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNL)	70	82
Collateral Posted by LNL (Held by Counter- Party)	0	0
A-
Credit Derivatives [Line Items]
Collateral Posted by Counter- Party (Held by LNL)	676	273
Collateral Posted by LNL (Held by Counter- Party)	$ 0	$ 0

Derivative Instruments - Sche_2

Derivative Instruments - Schedule of Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financial Assets
Gross amount of recognized assets	$ 17,843	$ 12,147
Gross amounts offset	(7,030)	(4,409)
Net amount of assets	10,813	7,738
Cash collateral	(7,579)	(5,107)
Non-cash collateral	(893)	(1,198)
Net amount	2,341	1,433
Financial Liabilities
Gross amount of recognized liabilities	11,641	10,045
Gross amounts offset	(24)	(612)
Net amount of liabilities	11,617	9,433
Cash collateral	(49)	(188)
Non-cash collateral	(151)	(168)
Net amount	11,417	9,077
Excess non-cash collateral received	1,300	1,300
Excess non-cash collateral pledged	57	81
Derivative Instruments
Financial Assets
Gross amount of recognized assets	15,502	10,714
Gross amounts offset	(7,030)	(4,409)
Net amount of assets	8,472	6,305
Cash collateral	(7,579)	(5,107)
Non-cash collateral	(893)	(1,198)
Net amount	0	0
Financial Liabilities
Gross amount of recognized liabilities	224	968
Gross amounts offset	(24)	(612)
Net amount of liabilities	200	356
Cash collateral	(49)	(188)
Non-cash collateral	(151)	(168)
Net amount	0	0
Embedded Derivative Instruments
Financial Assets
Gross amount of recognized assets	2,341	1,433
Gross amounts offset	0	0
Net amount of assets	2,341	1,433
Cash collateral	0	0
Non-cash collateral	0	0
Net amount	2,341	1,433
Financial Liabilities
Gross amount of recognized liabilities	11,417	9,077
Gross amounts offset	0	0
Net amount of liabilities	11,417	9,077
Cash collateral	0	0
Non-cash collateral	0	0
Net amount	$ 11,417	$ 9,077

DAC, VOBA, DSI, and DFEL - Reco

DAC, VOBA, DSI, and DFEL - Reconciliation of DAC, VOBA and DSI (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
DAC, VOBA and DSI	$ 12,337	$ 12,418
Traditional Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
DAC, VOBA and DSI	1,358	1,374
UL and Other
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
DAC, VOBA and DSI	6,096	6,139
Group Protection (1)
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
DAC, VOBA and DSI	133	154
Retirement Plan Services
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
DAC, VOBA and DSI	282	270
Variable Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
DAC, VOBA and DSI	4,024	4,025
Fixed Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
DAC, VOBA and DSI	$ 444	$ 456

DAC, VOBA, DSI, and DFEL - Re_2

DAC, VOBA, DSI, and DFEL - Reconciliation of DFEL (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Deferred Policy Acquisition Cost [Line Items]
DFEL	$ 6,327	$ 5,923
Other Operations
Deferred Policy Acquisition Cost [Line Items]
DFEL	47	44
Less: ceded DFEL	47	44
UL and Other
Deferred Policy Acquisition Cost [Line Items]
DFEL	5,984	5,579	$ 5,169	$ 4,766
Less: ceded DFEL	2,346	2,300	30
Variable Annuities
Deferred Policy Acquisition Cost [Line Items]
DFEL	296	$ 300	305	$ 310
Less: ceded DFEL	$ 0		$ 0

DAC, VOBA, DSI, and DFEL - DAC

DAC, VOBA, DSI, and DFEL - DAC (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Amortization	$ (252)	$ (248)	$ (502)	$ (494)
Traditional Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			1,332	1,286
Business acquired (sold) through reinsurance			0
Deferrals			61	105
Amortization			(73)	(71)
Balance as of end-of-period	1,320	1,320	1,320	1,320
UL and Other
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			5,709	5,518
Business acquired (sold) through reinsurance			(73)
Deferrals			198	239
Amortization			(149)	(144)
Balance as of end-of-period	5,685	5,613	5,685	5,613
Group Protection (1)
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			154	141
Business acquired (sold) through reinsurance			(38)
Deferrals			70	53
Amortization			(53)	(49)
Balance as of end-of-period	133	145	133	145
Retirement Plan Services
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			244	241
Business acquired (sold) through reinsurance			0
Deferrals			10	10
Amortization			(10)	(9)
Balance as of end-of-period	244	242	244	242
Variable Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			3,868	3,880
Business acquired (sold) through reinsurance			0
Deferrals			190	176
Amortization			(185)	(187)
Balance as of end-of-period	3,873	3,869	3,873	3,869
Fixed Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance as of beginning-of-year			421	439
Business acquired (sold) through reinsurance			0
Deferrals			23	23
Amortization			(32)	(34)
Balance as of end-of-period	$ 412	$ 428	$ 412	$ 428

DAC, VOBA, DSI and DFEL - Narra

DAC, VOBA, DSI and DFEL - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
DAC amortization	$ 252	$ 248	$ 502	$ 494
VOBA amortization	12	14	24	28
DSI amortization	5	5	11	11
DFEL amortization	$ 78	$ 72	$ 152	$ 141

DAC, VOBA, DSI, and DFEL - VOBA

DAC, VOBA, DSI, and DFEL - VOBA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Movement in Present Value of Future Insurance Profits [Roll Forward]
Amortization	$ (12)	$ (14)	$ (24)	$ (28)
Traditional Life
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance as of beginning-of-year			42	50
Deferrals			0	0
Amortization			(4)	(4)
Balance as of end-of-period	38	46	38	46
UL and Other
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance as of beginning-of-year			402	454
Deferrals			1	1
Amortization			(19)	(23)
Balance as of end-of-period	384	432	384	432
Fixed Annuities
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance as of beginning-of-year			15	17
Deferrals			0	0
Amortization			(1)	(1)
Balance as of end-of-period	$ 14	$ 16	$ 14	$ 16

DAC, VOBA, DSI, and DFEL - DSI

DAC, VOBA, DSI, and DFEL - DSI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Movement in Deferred Sales Inducements [Roll Forward]
Amortization	$ (5)	$ (5)	$ (11)	$ (11)
UL and Other
Movement in Deferred Sales Inducements [Roll Forward]
Balance as of beginning-of-year			28	30
Deferrals			1	0
Amortization			(2)	(1)
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			12	2
Amortization			0	0
Balance as of end-of-period	38	19	38	19
Variable Annuities
Movement in Deferred Sales Inducements [Roll Forward]
Balance as of beginning-of-year			157	167
Deferrals			1	2
Amortization			(7)	(8)
Balance as of end-of-period	151	161	151	161
Fixed Annuities
Movement in Deferred Sales Inducements [Roll Forward]
Balance as of beginning-of-year			20	23
Deferrals			0	0
Amortization			(2)	(2)
Balance as of end-of-period	$ 18	$ 21	$ 18	$ 21

DAC, VOBA, DSI, and DFEL - DFEL

DAC, VOBA, DSI, and DFEL - DFEL (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Changes in DFEL [Roll Forward]
Balance as of beginning-of-year			$ 5,923
Amortization	$ (78)	$ (72)	(152)	$ (141)
Balance as of end-of-period	6,327		6,327
Variable Annuities
Changes in DFEL [Roll Forward]
Balance as of beginning-of-year			300	310
Deferrals			9	10
Amortization			(13)	(15)
Balance as of end-of-period	296	305	296	305
Less: ceded DFEL	0	0	0	0
Balance as of end-of-period, net of reinsurance	296	305	296	305
UL and Other
Changes in DFEL [Roll Forward]
Balance as of beginning-of-year			5,579	4,766
Deferrals			544	529
Amortization			(139)	(126)
Balance as of end-of-period	5,984	5,169	5,984	5,169
Less: ceded DFEL	2,346	30	2,346	30	$ 2,300
Balance as of end-of-period, net of reinsurance	$ 3,638	$ 5,139	$ 3,638	$ 5,139

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Ceded Credit Risk [Line Items]
Investments	$ 119,879	$ 119,879	$ 117,325
Other investments	5,385	5,385	4,757
Deposit assets, net of allowance for credit losses	28,762	28,762	21,056
LPINE
Ceded Credit Risk [Line Items]
Deposits assets	6,800	6,800
Investments	11,000	11,000
LPINE | Fixed Annuities
Ceded Credit Risk [Line Items]
Reinsurance recoverables	4,200	4,200
Reinsurance recoverables on unpaid losses	144	144
LNBAR
Ceded Credit Risk [Line Items]
Reinsurance recoverables	14,400	14,400	13,200
Reinsurance recoverables on unpaid losses	4,200	4,200	4,200
Reinsurance recoverable for unpaid claims, amortization	40	83
Other investments	871	871	1,100
Trust funded to support reinsurance receivable	13,300	13,300	13,000
Fortitude Re | Fixed Annuities
Ceded Credit Risk [Line Items]
Reinsurance recoverables	10,500	10,500	10,500
Reinsurance recoverables on unpaid losses	2,600	2,600	2,700
Reinsurance recoverable for unpaid claims, amortization	22	44
Deposit assets, net of allowance for credit losses	$ 3,600	$ 3,600	$ 4,200

Reinsurance - Schedule of Asset

Reinsurance - Schedule of Assets in Support of Reserves (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Ceded Credit Risk [Line Items]
Fixed maturity AFS securities	$ 81,037	$ 82,300
Mortgage loans on real estate	20,008	18,873
Accrued investment income	1,036	$ 982
LPINE
Ceded Credit Risk [Line Items]
Fixed maturity AFS securities	9,349
Mortgage loans on real estate	1,531
Accrued investment income	94
Total	$ 10,974

MRBs - Reconciles of MRBs Asset

MRBs - Reconciles of MRBs Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Market Risk Benefit [Line Items]
Assets	$ 4,754	$ 3,894
Liabilities	1,275	1,716
Net (Assets) Liabilities	(3,479)	(2,178)
Variable Annuities
Market Risk Benefit [Line Items]
Assets	4,620	3,763
Liabilities	1,152	1,583
Net (Assets) Liabilities	(3,468)	(2,180)	$ (2,296)	$ (662)
Fixed Annuities
Market Risk Benefit [Line Items]
Assets	95	96
Liabilities	119	128
Net (Assets) Liabilities	24	32	(34)	(45)
Retirement Plan Services
Market Risk Benefit [Line Items]
Assets	39	35
Liabilities	4	5
Net (Assets) Liabilities	$ (35)	$ (30)	$ (28)	$ (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
	Jun. 30, 2024	Jun. 30, 2023
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	$ (2,178)
Balance as of end-of-period	(3,479)
Variable Annuities
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(2,180)	$ (662)
Balance as of beginning-of-year, before the effect of changes in non-performance risk	(881)	1,511
Issuances	5	3
Attributed fees collected	760	755
Benefit payments	(21)	(35)
Effect of changes in interest rates	(1,470)	215
Effect of changes in equity markets	(1,469)	(2,205)
Effect of changes in equity index volatility	(63)	(372)
In-force updates and other changes in MRBs	153	120
Balance as of end-of-period, before the effect of changes in non-performance risk	(2,986)	(8)
Effect of cumulative changes in non-performance risk	(482)	(2,288)
Balance as of end-of-period	(3,468)	(2,296)
Less: ceded MRB assets (liabilities)	(2,143)	(1,035)
Balance as of end-of-period, net of reinsurance	$ (1,325)	$ (1,261)
Weighted-average age of policyholders (years)	72 years	72 years
Net amount at risk	$ 2,135	$ 4,783
Variable Annuities | Cumulative effect from adoption of new accounting standards
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(1,299)	(2,173)
Fixed Annuities
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	32	(45)
Balance as of beginning-of-year, before the effect of changes in non-performance risk	90	(5)
Issuances	0	0
Attributed fees collected	16	17
Benefit payments	0	0
Effect of changes in interest rates	(27)	3
Effect of changes in equity markets	(15)	(6)
Effect of changes in equity index volatility	(4)	2
In-force updates and other changes in MRBs	2	2
Balance as of end-of-period, before the effect of changes in non-performance risk	62	13
Effect of cumulative changes in non-performance risk	(38)	(47)
Balance as of end-of-period	24	(34)
Less: ceded MRB assets (liabilities)	0	0
Balance as of end-of-period, net of reinsurance	$ 24	$ (34)
Weighted-average age of policyholders (years)	69 years	68 years
Net amount at risk	$ 221	$ 213
Fixed Annuities | Cumulative effect from adoption of new accounting standards
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(58)	(40)
Retirement Plan Services
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	(30)	(22)
Balance as of beginning-of-year, before the effect of changes in non-performance risk	(26)	(20)
Issuances	0	0
Attributed fees collected	3	3
Benefit payments	0	0
Effect of changes in interest rates	(8)	10
Effect of changes in equity markets	(5)	(9)
Effect of changes in equity index volatility	0	(3)
In-force updates and other changes in MRBs	1	0
Balance as of end-of-period, before the effect of changes in non-performance risk	(35)	(19)
Effect of cumulative changes in non-performance risk	0	(9)
Balance as of end-of-period	(35)	(28)
Less: ceded MRB assets (liabilities)	(8)	(4)
Balance as of end-of-period, net of reinsurance	$ (27)	$ (24)
Weighted-average age of policyholders (years)	63 years	63 years
Net amount at risk	$ 3	$ 6
Retirement Plan Services | Cumulative effect from adoption of new accounting standards
Market Risk Benefit [Roll Forward]
Balance as of beginning-of-year	$ (4)	$ (2)

Separate Accounts - Schedule of

Separate Accounts - Schedule of Fair Value of Separate Account Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 165,199	$ 158,257
Mutual funds and collective investment trusts
Fair Value, Separate Account Investment [Line Items]
Separate account assets	164,537	157,578
Exchange-traded funds
Fair Value, Separate Account Investment [Line Items]
Separate account assets	345	350
Fixed maturity AFS securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	162	167
Cash and invested cash
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4	25
Other investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 151	$ 137

Separate Accounts - Summary of

Separate Accounts - Summary of Balances and Changes in Separate Account Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	$ 165,199	$ 158,257
Protective | Reinsurance Agreement
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	48	46
Variable Annuities
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	116,770	113,356	$ 110,998	$ 105,573
UL and Other
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	27,381	25,150	23,409	20,920
Retirement Plan Services
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	20,993	19,699	$ 18,789	$ 16,996
Other Operations
Fair Value, Separate Account Investment [Line Items]
Separate account liabilities	$ 55	$ 52

Separate Accounts - Schedule _2

Separate Accounts - Schedule of Reconciliation of Separate Account Liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	$ 158,257
Balance as of end-of-period	165,199
Variable Annuities
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	113,356	$ 105,573
Gross deposits	1,925	1,367
Withdrawals	(6,604)	(4,915)
Policyholder assessments	(1,301)	(1,251)
Change in market performance	9,026	9,950
Net transfers from (to) general account	368	274
Balance as of end-of-period	116,770	110,998
Cash surrender value	115,389	109,501
UL and Other
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	25,150	20,920
Gross deposits	695	821
Withdrawals	(193)	(154)
Policyholder assessments	(493)	(476)
Change in market performance	2,335	2,374
Net transfers from (to) general account	(113)	(76)
Balance as of end-of-period	27,381	23,409
Cash surrender value	24,979	21,080
Retirement Plan Services
Separate Account, Liability [Roll Forward]
Balance as of beginning-of-year	19,699	16,996
Gross deposits	1,105	1,078
Withdrawals	(1,514)	(1,123)
Policyholder assessments	(89)	(79)
Change in market performance	1,802	1,953
Net transfers from (to) general account	(10)	(36)
Balance as of end-of-period	20,993	18,789
Cash surrender value	$ 20,979	$ 18,774

Policyholder Account Balances -

Policyholder Account Balances - Schedule of Policyholder Account Balances (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 123,715	$ 120,316
Variable Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	32,853	29,141	$ 26,257	$ 22,184
Fixed Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	25,814	25,330	23,786	23,338
UL and Other
Policyholder Account Balance [Line Items]
Policyholder account balances	36,474	36,784	37,042	37,258
Retirement Plan Services
Policyholder Account Balance [Line Items]
Policyholder account balances	23,598	23,784	$ 24,430	$ 25,138
Other
Policyholder Account Balance [Line Items]
Policyholder account balances	4,976	5,277
Other | Reinsurance Agreement
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 4,600	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			$ 120,316
Interest credited	$ 781	$ 804	1,533	$ 1,585
Balance as of end-of-period	123,715		123,715
Variable Annuities
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			29,141	22,184
Gross deposits			2,102	2,437
Withdrawals			(413)	(328)
Policyholder assessments			(1)	(1)
Net transfers from (to) separate account			(146)	(198)
Interest credited			328	240
derivative instruments			1,842	1,923
Balance as of end-of-period	$ 32,853	$ 26,257	$ 32,853	$ 26,257
Weighted-average crediting rate	2.10%	2%	2.10%	2%
Net amount at risk	$ 2,135	$ 4,783	$ 2,135	$ 4,783
Cash surrender value	31,650	25,146	31,650	25,146
Fixed Annuities
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			25,330	23,338
Gross deposits			2,646	1,919
Withdrawals			(2,600)	(1,920)
Policyholder assessments			(31)	(28)
Net transfers from (to) separate account			0	0
Interest credited			382	312
derivative instruments			87	165
Balance as of end-of-period	$ 25,814	$ 23,786	$ 25,814	$ 23,786
Weighted-average crediting rate	3%	2.60%	3%	2.60%
Net amount at risk	$ 221	$ 213	$ 221	$ 213
Cash surrender value	24,738	22,889	24,738	22,889
UL and Other
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			36,784	37,258
Gross deposits			1,736	1,826
Withdrawals			(739)	(705)
Policyholder assessments			(2,232)	(2,224)
Net transfers from (to) separate account			113	76
Interest credited			726	735
derivative instruments			86	76
Balance as of end-of-period	$ 36,474	$ 37,042	$ 36,474	$ 37,042
Weighted-average crediting rate	4%	4%	4%	4%
Net amount at risk	$ 298,237	$ 301,018	$ 298,237	$ 301,018
Cash surrender value	32,091	32,822	32,091	32,822
Retirement Plan Services
Policyholder Account Balance [Roll Forward]
Balance as of beginning-of-year			23,784	25,138
Gross deposits			1,636	1,317
Withdrawals			(2,275)	(2,094)
Policyholder assessments			(7)	(7)
Net transfers from (to) separate account			120	(259)
Interest credited			340	335
derivative instruments			0	0
Balance as of end-of-period	$ 23,598	$ 24,430	$ 23,598	$ 24,430
Weighted-average crediting rate	2.90%	2.70%	2.90%	2.70%
Net amount at risk	$ 3	$ 6	$ 3	$ 6
Cash surrender value	$ 23,570	$ 24,425	$ 23,570	$ 24,425

Policyholder Account Balances_3

Policyholder Account Balances - Summary of Policyholder Account Balances by Ranges (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 123,715	$ 120,316
Variable Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	32,853	29,141	$ 26,257	$ 22,184
Variable Annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,841		2,103
Variable Annuities | 1-50 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	$ 6		$ 8
Variable Annuities | Up to 1.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	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 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		12
Variable Annuities | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4		4
Variable Annuities | 1.01% - 2.00% | 1-50 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	6		8
Variable Annuities | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	539		619
Variable Annuities | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	539		619
Variable Annuities | 2.01% - 3.00% | 1-50 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	1,289		1,470
Variable Annuities | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,289		1,470
Variable Annuities | 3.01% - 4.00% | 1-50 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]
Policyholder account balance, guaranteed minimum credit rating	4.01%		4.01%
Policyholder account balances	$ 9		$ 10
Variable Annuities | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	9		10
Variable Annuities | 4.01% and above | 1-50 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	31,006		24,146
Variable Annuities | Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Variable Annuities | Other | 1-50 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]
Policyholder account balance, guaranteed minimum credit rating	1.01%		1.01%
Variable Annuities | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2.01%		2.01%
Variable Annuities | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3.01%		3.01%
Variable Annuities | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2%		2%
Variable Annuities | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3%		3%
Variable Annuities | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	4%		4%
Fixed Annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 25,814	25,330	$ 23,786	23,338
Fixed Annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3,822		4,434
Fixed Annuities | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	782		550
Fixed Annuities | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	878		715
Fixed Annuities | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	793		965
Fixed Annuities | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 6,796		$ 3,379
Fixed Annuities | Up to 1.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	1%		1%
Policyholder account balances	$ 4,745		$ 4,448
Fixed Annuities | Up to 1.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	615		756
Fixed Annuities | Up to 1.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	609		414
Fixed Annuities | Up to 1.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	594		515
Fixed Annuities | Up to 1.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	463		467
Fixed Annuities | Up to 1.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	2,464		2,296
Fixed Annuities | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	5,346		2,485
Fixed Annuities | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	304		577
Fixed Annuities | 1.01% - 2.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	133		133
Fixed Annuities | 1.01% - 2.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	279		194
Fixed Annuities | 1.01% - 2.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	329		498
Fixed Annuities | 1.01% - 2.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	4,301		1,083
Fixed Annuities | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	1,771		1,755
Fixed Annuities | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,694		1,746
Fixed Annuities | 2.01% - 3.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	40		3
Fixed Annuities | 2.01% - 3.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	5		6
Fixed Annuities | 2.01% - 3.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1		0
Fixed Annuities | 2.01% - 3.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	31		0
Fixed Annuities | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	1,036		1,171
Fixed Annuities | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,036		1,171
Fixed Annuities | 3.01% - 4.00% | 1-50 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]
Policyholder account balance, guaranteed minimum credit rating	4.01%		4.01%
Policyholder account balances	$ 173		$ 184
Fixed Annuities | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	173		184
Fixed Annuities | 4.01% and above | 1-50 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	12,743		13,743
Fixed Annuities | Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
Fixed Annuities | Other | 1-50 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]
Policyholder account balance, guaranteed minimum credit rating	1.01%		1.01%
Fixed Annuities | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2.01%		2.01%
Fixed Annuities | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3.01%		3.01%
Fixed Annuities | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2%		2%
Fixed Annuities | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3%		3%
Fixed Annuities | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	4%		4%
UL and Other
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 36,474	36,784	$ 37,042	37,258
UL and Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	26,352		27,152
UL and Other | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	10		10
UL and Other | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	369		352
UL and Other | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	119		46
UL and Other | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 3,228		$ 3,647
UL and Other | Up to 1.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	1%		1%
Policyholder account balances	$ 643		$ 1,059
UL and Other | Up to 1.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	264		302
UL and Other | Up to 1.00% | 1-50 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	218		206
UL and Other | Up to 1.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	119		46
UL and Other | Up to 1.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	42		505
UL and Other | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	3,730		3,705
UL and Other | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	544		557
UL and Other | 1.01% - 2.00% | 1-50 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		6
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	3,186		3,142
UL and Other | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	6,957		7,366
UL and Other | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	6,797		7,217
UL and Other | 2.01% - 3.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	10		10
UL and Other | 2.01% - 3.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	150		139
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	15,069		15,270
UL and Other | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	15,068		15,269
UL and Other | 3.01% - 4.00% | 1-50 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]
Policyholder account balance, guaranteed minimum credit rating	4.01%		4.01%
Policyholder account balances	$ 3,679		$ 3,807
UL and Other | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3,679		3,807
UL and Other | 4.01% and above | 1-50 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	6,396		5,835
UL and Other | Other | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0		0
UL and Other | Other | 1-50 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]
Policyholder account balance, guaranteed minimum credit rating	1.01%		1.01%
UL and Other | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2.01%		2.01%
UL and Other | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3.01%		3.01%
UL and Other | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2%		2%
UL and Other | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3%		3%
UL and Other | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	4%		4%
Retirement Plan Services
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 23,598	$ 23,784	$ 24,430	$ 25,138
Retirement Plan Services | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	9,677		10,880
Retirement Plan Services | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	2,232		3,628
Retirement Plan Services | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	2,115		4,276
Retirement Plan Services | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	4,843		3,224
Retirement Plan Services | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 4,731		$ 2,422
Retirement Plan Services | Up to 1.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	1%		1%
Policyholder account balances	$ 9,913		$ 9,554
Retirement Plan Services | Up to 1.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	489		601
Retirement Plan Services | Up to 1.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	502		746
Retirement Plan Services | Up to 1.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	727		3,092
Retirement Plan Services | Up to 1.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	3,684		2,693
Retirement Plan Services | Up to 1.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	4,511		2,422
Retirement Plan Services | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	4,913		5,232
Retirement Plan Services | 1.01% - 2.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	509		637
Retirement Plan Services | 1.01% - 2.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1,648		2,880
Retirement Plan Services | 1.01% - 2.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1,382		1,184
Retirement Plan Services | 1.01% - 2.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	1,154		531
Retirement Plan Services | 1.01% - 2.00% | Greater Than 150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	220		0
Retirement Plan Services | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balances	2,420		2,648
Retirement Plan Services | 2.01% - 3.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2,394		2,647
Retirement Plan Services | 2.01% - 3.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	25		1
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	0		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	4,734		5,350
Retirement Plan Services | 3.01% - 4.00% | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4,667		5,349
Retirement Plan Services | 3.01% - 4.00% | 1-50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	57		1
Retirement Plan Services | 3.01% - 4.00% | 51-100 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	5		0
Retirement Plan Services | 3.01% - 4.00% | 101-150 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder account balances	5		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]
Policyholder account balance, guaranteed minimum credit rating	4.01%		4.01%
Policyholder account balances	$ 1,618		$ 1,646
Retirement Plan Services | 4.01% and above | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,618		1,646
Retirement Plan Services | 4.01% and above | 1-50 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]
Policyholder account balance, guaranteed minimum credit rating	1.01%		1.01%
Retirement Plan Services | Minimum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2.01%		2.01%
Retirement Plan Services | Minimum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3.01%		3.01%
Retirement Plan Services | Maximum | 1.01% - 2.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	2%		2%
Retirement Plan Services | Maximum | 2.01% - 3.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	3%		3%
Retirement Plan Services | Maximum | 3.01% - 4.00%
Policyholder Account Balance [Line Items]
Policyholder account balance, guaranteed minimum credit rating	4%		4%

Future Contract Benefits - Summ

Future Contract Benefits - Summary of Reconciliation of Future Contract Benefits (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	$ 38,889	$ 40,174
Other
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	3,289	3,343
Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	2,001	2,084	$ 2,047
Traditional Life
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	3,514	3,553	$ 3,372
Group Protection (1)
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	5,569	5,689
UL and Other
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	15,236	15,752
Other Operations
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	9,280	9,753
Other Operations | Protective
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	5,400	5,600
Other Operations | Swiss Re
Liability for Future Policy Benefit, Activity [Line Items]
Future contract benefits	$ 2,000	$ 2,100

Future Contract Benefits - Su_2

Future Contract Benefits - Summary of Changes in Present Values of Expected Net Premiums and LFPB (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected LFPB
Net balance as of end-of-period	$ 38,889		$ 40,174
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 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	2,084	2,003
Beginning balance of original discount rate	2,271	2,266
Effect of actual variances from expected experience			3	(2)
Adjusted balance as of beginning-of-year	2,274	2,264
Issuances	39	69
Interest accrual	43	43
Benefit payments	(98)	(93)
Ending balance at original discount rate	2,258	2,283
Effect of cumulative changes in discount rate assumptions	(257)	(236)
Balance as of end-of-period	2,001	2,047
Net balance as of end-of-period	2,001	2,047	2,084
Less: reinsurance recoverables (2)	1,527	10
Net balance as of end-of-period, net of reinsurance	$ 474	$ 2,037
Weighted-average duration of future policyholder benefit liability (years)	9 years	9 years
Deferred profit liability	$ 61	$ 53
Payout Annuities | Cumulative effect from adoption of new accounting standards
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	6,084	5,896
Beginning balance at original discount rate	6,236	6,480
Effect of actual variances from expected experience			(10)	(257)
Adjusted balance as of beginning-of-year			6,226	6,223
Issuances	206	330
Interest accrual	122	116
Net premiums collected	(396)	(395)
Flooring impact of LFPB	2	3
Ending balance at original discount rate	6,160	6,277
Effect of cumulative changes in discount rate assumptions	(322)	(329)
Balance as of end-of-period	5,838	5,948
Present Value of Expected LFPB
Balance as of beginning-of-year	9,637	9,086
Beginning balance of original discount rate	9,839	9,879
Effect of actual variances from expected experience			(15)	$ (280)
Adjusted balance as of beginning-of-year	9,824	9,599
Issuances	206	330
Interest accrual	190	179
Benefit payments	(357)	(309)
Ending balance at original discount rate	9,863	9,799
Effect of cumulative changes in discount rate assumptions	(511)	(479)
Balance as of end-of-period	9,352	9,320
Net balance as of end-of-period	3,514	3,372	$ 3,553
Less: reinsurance recoverables (2)	232	263
Net balance as of end-of-period, net of reinsurance	$ 3,282	$ 3,109
Weighted-average duration of future policyholder benefit liability (years)	10 years	10 years
Traditional Life | Cumulative effect from adoption of new accounting standards
Present Value of Expected Net Premiums
Balance as of beginning-of-year	$ (152)	$ (584)
Present Value of Expected LFPB
Balance as of beginning-of-year	$ (202)	$ (793)

Future Contract Benefits - Su_3

Future Contract Benefits - Summary of Discounted and Undiscounted Expected Future Gross premiums and Expected Future Benefit Payments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Payout Annuities
Undiscounted
Expected future gross premiums	$ 0	$ 0
Expected future benefit payments	3,435	3,500
Discounted
Expected future gross premiums	0	0
Expected future benefit payments	2,001	2,047
Traditional Life
Undiscounted
Expected future gross premiums	13,265	13,309
Expected future benefit payments	14,115	14,013
Discounted
Expected future gross premiums	8,980	9,050
Expected future benefit payments	$ 9,352	$ 9,320

Future Contract Benefits - Su_4

Future Contract Benefits - Summary of Gross Premiums and Interest Accretion (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 24	$ 44	$ 45	$ 71
Interest accretion	22	21	43	43
Traditional Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	301	297	599	592
Interest accretion	$ 34	$ 32	$ 67	$ 63

Future Contract Benefits - Su_5

Future Contract Benefits - Summary of Weighted-Average Interest Rates (Details)	Jun. 30, 2024	Jun. 30, 2023
Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	4%	3.90%
Current discount rate	5.40%	5.20%
Traditional Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	4.90%	5%
Current discount rate	5.20%	5.10%

Future Contract Benefits - Su_6

Future Contract Benefits - Summary of Changes in Present Values of LFPB (Group Protection) (Details) - Group Protection (1) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected LFPB
Balance as of beginning-of-year	$ 5,689	$ 5,462
Less: Effect of cumulative changes in discount rate assumptions			$ (490)	$ (597)
Beginning balance of original discount rate	6,179	6,059
Effect of actual variances from expected experience			$ (191)	$ (220)
Adjusted balance as of beginning-of-year	5,988	5,839
New incidence	838	882
Interest	93	83
Benefit payments	(757)	(734)
Ending balance at original discount rate	6,162	6,070
Effect of cumulative changes in discount rate assumptions	(593)	(577)
Balance as of end-of-period	5,569	5,493
Less: reinsurance recoverables (2)	4,284	121
Net balance as of end-of-period, net of reinsurance	$ 1,285	$ 5,372
Weighted-average duration of future policyholder benefit liability (years)	5 years	4 years

Future Contract Benefits - Su_7

Future Contract Benefits - Summary of Discounted and Undiscounted Expected Future Benefit Payments (Group Protection) (Details) - Group Protection (1) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Undiscounted
Expected future benefit payments	$ 7,290	$ 7,111
Discounted
Expected future benefit payments	$ 5,569	$ 5,493

Future Contract Benefit - Summa

Future Contract Benefit - Summary of Gross Premiums and Interest Accretion (Group Protection) (Details) - Group Protection (1) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 893	$ 885	$ 1,789	$ 1,770
Interest accretion	$ 45	$ 41	$ 93	$ 83

Future Contract Benefit - Sum_2

Future Contract Benefit - Summary of Weighted-Average Interest Rates (Group Protection) (Details) - Group Protection (1)	Jun. 30, 2024	Jun. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	3.20%	2.90%
Current discount rate	5.20%	5.10%

Future Contract Benefits - Su_8

Future Contract Benefits - Summary of Changes in Present Values of LFPB (UL and Other) (Details) - UL and Other - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Present Value of Expected LFPB
Balance as of beginning-of-year	$ 15,752	$ 14,777
Effect of cumulative changes in discount rate assumptions	(2,032)	(1,769)	$ (853)	$ (905)
Balance as of beginning-of-year, excluding shadow balance in AOCI	16,605	15,682
Effect of actual variances from expected experience			$ 136	$ 6
Adjusted balance as of beginning-of-year	16,741	15,688
Interest accrual	410	377
Net assessments collected	638	190
Benefit payments	(521)	(360)
Balance as of end-of-year, excluding shadow balance in AOCI	17,268	15,895
Balance as of end-of-period	15,236	14,126
Less: reinsurance recoverables (2)	10,040	2,041
Net balance as of end-of-period, net of reinsurance	$ 5,196	$ 12,085
Weighted-average duration of future policyholder benefit liability (years)	16 years	18 years

Future Contract Benefit - Sum_3

Future Contract Benefit - Summary of Gross Premiums and Interest Accretion (UL and Other) (Details) - UL and Other - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 773	$ 542	$ 1,539	$ 1,457
Interest accretion	$ 206	$ 190	$ 410	$ 377

Future Contract Benefit - Sum_4

Future Contract Benefit - Summary of Weighted-Average Interest Rates (UL and Other) (Details)	Jun. 30, 2024	Jun. 30, 2023
UL and Other
Liability for Future Policy Benefit, Activity [Line Items]
Interest accretion rate	5.40%	4.90%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Carrying and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Fixed maturity AFS securities	$ 81,037	$ 82,300
Trading securities	2,181	2,321
Equity securities	295	306
Mortgage loans on real estate	20,008	18,873
Derivative investments	8,472	6,305
Other investments	5,385	4,757
Market risk benefit assets	4,754	3,894
Policyholder account balances:
MRB liabilities	$ (1,275)	$ (1,716)
Other liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Carrying Value
ASSETS
Trading securities	$ 2,181	$ 2,321
Equity securities	295	306
Mortgage loans on real estate	20,008	18,873
Derivative investments	8,472	6,305
Other investments	5,385	4,757
Cash and invested cash	4,662	3,193
Market risk benefit assets	4,754	3,894
Other assets:
LPR ceded derivative	202	206
Separate account assets	165,199	158,257
Policyholder account balances:
Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives	585	493
MRB liabilities	(1,275)	(1,716)
Short-term debt	(656)	(840)
Long-term debt	(2,177)	(2,195)
Fair Value
ASSETS
Trading securities	2,181	2,321
Equity securities	295	306
Mortgage loans on real estate	17,763	17,330
Derivative investments	8,472	6,305
Other investments	5,385	4,757
Cash and invested cash	4,662	3,193
Market risk benefit assets	4,754	3,894
Other assets:
LPR ceded derivative	202	206
Separate account assets	165,199	158,257
Policyholder account balances:
Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives	585	493
MRB liabilities	(1,275)	(1,716)
Short-term debt	(656)	(841)
Long-term debt	(2,125)	(2,125)
Other assets | Carrying Value
Other assets:
Ceded MRBs	39	274
Indexed annuity ceded embedded derivatives	1,756	940
Other assets | Fair Value
Other assets:
Ceded MRBs	39	274
Indexed annuity ceded embedded derivatives	1,756	940
Policyholder account balances | Carrying Value
Policyholder account balances:
Account balances of certain investment contracts	(45,072)	(44,615)
RILA, fixed annuity and IUL contracts	(11,417)	(9,077)
Policyholder account balances | Fair Value
Policyholder account balances:
Account balances of certain investment contracts	(34,223)	(34,020)
RILA, fixed annuity and IUL contracts	(11,417)	(9,077)
Other liabilities | Carrying Value
Other liabilities:
Ceded MRBs	(2,189)	(1,149)
Derivative liabilities	(200)	(356)
Remaining guaranteed interest and similar contracts	(367)	(411)
Other liabilities | Fair Value
Other liabilities:
Ceded MRBs	(2,189)	(1,149)
Derivative liabilities	(200)	(356)
Remaining guaranteed interest and similar contracts	(367)	(411)
Fixed maturity AFS securities | Carrying Value
ASSETS
Fixed maturity AFS securities	81,037	82,300
Fixed maturity AFS securities | Fair Value
ASSETS
Fixed maturity AFS securities	$ 81,037	$ 82,300

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	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value	$ 258	$ 288
Commercial
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value	258	288
Aggregate contractual principal	$ 292	$ 326

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Narrative (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 276,139,000,000	$ 263,539,000,000
Liabilities	21,550,000,000	16,827,000,000
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans with fair value option in non-accrual	0	0
Loans with fair value option, 90 days past due and still accruing	$ 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	Jun. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	$ 276,139	$ 263,539
Liabilities	(21,550)	(16,827)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	814	822
Liabilities	0	0
Significant Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	258,314	248,140
Liabilities	(5,821)	(4,299)
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	17,011	14,577
Liabilities	(15,729)	(12,528)
Corporate bonds | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	62,023	63,866
Corporate bonds | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Corporate bonds | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	55,206	57,397
Corporate bonds | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	6,817	6,469
U.S. government bonds | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	388	393
U.S. government bonds | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	367	373
U.S. government bonds | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	21	20
U.S. government bonds | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
State and municipal bonds | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,240	2,542
State and municipal bonds | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
State and municipal bonds | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,240	2,537
State and municipal bonds | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	5
Foreign government bonds | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	256	278
Foreign government bonds | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Foreign government bonds | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	256	278
Foreign government bonds | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
RMBS | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,554	1,602
RMBS | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
RMBS | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,536	1,589
RMBS | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	18	13
CMBS | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,402	1,344
CMBS | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
CMBS | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,380	1,336
CMBS | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	22	8
ABS | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	12,947	12,043
ABS | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
ABS | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	10,950	10,559
ABS | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,997	1,484
Hybrid and redeemable preferred securities | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	227	232
Hybrid and redeemable preferred securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	48	46
Hybrid and redeemable preferred securities | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	129	138
Hybrid and redeemable preferred securities | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	50	48
Trading securities | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2,181	2,321
Trading securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Trading securities | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,908	2,037
Trading securities | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	273	284
Equity securities | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	295	306
Equity securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	2	1
Equity securities | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	255	263
Equity securities | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	38	42
Mortgage loans on real estate | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	258	288
Mortgage loans on real estate | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Mortgage loans on real estate | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Mortgage loans on real estate | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	258	288
Derivative investments | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	15,526	11,327
Derivative investments | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Derivative investments | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	14,739	10,705
Derivative investments | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	787	622
Other investments – short-term investments | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	230	233
Other investments – short-term investments | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Other investments – short-term investments | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	230	233
Other investments – short-term investments | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Cash and invested cash | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,662	3,193
Cash and invested cash | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Cash and invested cash | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,662	3,193
Cash and invested cash | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
MRB assets | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,754	3,894
MRB assets | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
MRB assets | Significant Observable Inputs (Level 2) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
MRB assets | Significant Unobservable Inputs (Level 3) | Fixed maturity AFS securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,754	3,894
Ceded MRBs | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	39	274
Ceded MRBs | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(2,189)	(1,149)
Ceded MRBs | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Ceded MRBs | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Ceded MRBs | Significant Observable Inputs (Level 2) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Ceded MRBs | Significant Observable Inputs (Level 2) | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Ceded MRBs | Significant Unobservable Inputs (Level 3) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	39	274
Ceded MRBs | Significant Unobservable Inputs (Level 3) | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(2,189)	(1,149)
Indexed annuity ceded embedded derivatives | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,756	940
Indexed annuity ceded embedded derivatives | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Indexed annuity ceded embedded derivatives | Significant Observable Inputs (Level 2) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Indexed annuity ceded embedded derivatives | Significant Unobservable Inputs (Level 3) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	1,756	940
LPR ceded derivative | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	202	206
LPR ceded derivative | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
LPR ceded derivative | Significant Observable Inputs (Level 2) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
LPR ceded derivative | Significant Unobservable Inputs (Level 3) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	202	206
Separate account assets | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	165,199	158,257
Separate account assets | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	397	402
Separate account assets | Significant Observable Inputs (Level 2) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	164,802	157,855
Separate account assets | Significant Unobservable Inputs (Level 3) | Other assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
RILA, fixed indexed annuity and IUL contracts | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(11,417)	(9,077)
RILA, fixed indexed annuity and IUL contracts | Quoted Prices in Active Markets for Identical Assets (Level 1) | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
RILA, fixed indexed annuity and IUL contracts | Significant Observable Inputs (Level 2) | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
RILA, fixed indexed annuity and IUL contracts | Significant Unobservable Inputs (Level 3) | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(11,417)	(9,077)
Reinsurance-related embedded derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	585	493
Reinsurance-related embedded derivatives | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Reinsurance-related embedded derivatives | Significant Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	638	493
Reinsurance-related embedded derivatives | Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(53)	0
MRB liabilities | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(1,275)	(1,716)
MRB liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
MRB liabilities | Significant Observable Inputs (Level 2) | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
MRB liabilities | Significant Unobservable Inputs (Level 3) | Policyholder account balances
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(1,275)	(1,716)
Derivative liabilities | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(7,254)	(5,378)
Derivative liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Derivative liabilities | Significant Observable Inputs (Level 2) | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(6,459)	(4,792)
Derivative liabilities | Significant Unobservable Inputs (Level 3) | Other liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	$ (795)	$ (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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	$ (2,839)	$ 3,259	$ (129)	$ 3,859
Items Included in Net Income	(306)	(2,414)	(3,296)	(3,654)
Gains (Losses) in OCI and Other	(2)	(1)	(9)	23
Issuances, Sales, Maturities, Settlements, Calls, Net	1,109	(215)	1,469	567
Transfers Into or Out of Level 3, Net	(159)	25	(232)	(141)
Ending Fair Value	$ (2,197)	$ 654	$ (2,197)	$ 654
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net income (loss)	Net income (loss)	Net income (loss)	Net income (loss)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Derivative investments	Derivative investments	Derivative investments	Derivative investments
Corporate bonds | Fixed maturity AFS securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	$ 6,747	$ 6,219	$ 6,469	$ 5,186
Items Included in Net Income	(1)	(12)	0	(12)
Gains (Losses) in OCI and Other	(8)	3	(16)	15
Issuances, Sales, Maturities, Settlements, Calls, Net	171	(57)	481	949
Transfers Into or Out of Level 3, Net	(92)	24	(117)	39
Ending Fair Value	6,817	6,177	6,817	6,177
State and municipal bonds | Fixed maturity AFS securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value		36	5	35
Items Included in Net Income		(2)	0	(2)
Gains (Losses) in OCI and Other		3	0	4
Issuances, Sales, Maturities, Settlements, Calls, Net		(1)	0	(1)
Transfers Into or Out of Level 3, Net		0	(5)	0
Ending Fair Value	0	36	0	36
RMBS | Fixed maturity AFS securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	12	1	13	1
Items Included in Net Income	0	0	0	0
Gains (Losses) in OCI and Other	0	0	(1)	0
Issuances, Sales, Maturities, Settlements, Calls, Net	6	5	6	5
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	18	6	18	6
CMBS | Fixed maturity AFS securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	8	0	8	0
Items Included in Net Income	0	0	0	0
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	14	(4)	14	(4)
Transfers Into or Out of Level 3, Net	0	4	0	4
Ending Fair Value	22	0	22	0
ABS | Fixed maturity AFS securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	1,692	1,100	1,484	1,117
Items Included in Net Income	0	0	1	0
Gains (Losses) in OCI and Other	7	(6)	5	2
Issuances, Sales, Maturities, Settlements, Calls, Net	365	152	566	320
Transfers Into or Out of Level 3, Net	(67)	(38)	(59)	(231)
Ending Fair Value	1,997	1,208	1,997	1,208
Hybrid and redeemable preferred securities | Fixed maturity AFS securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	51	59	48	49
Items Included in Net Income	0	0	0	0
Gains (Losses) in OCI and Other	(1)	(3)	2	(3)
Issuances, Sales, Maturities, Settlements, Calls, Net	0	0	0	(2)
Transfers Into or Out of Level 3, Net	0	4	0	16
Ending Fair Value	50	60	50	60
Trading securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	271	458	284	581
Items Included in Net Income	0	(2)	0	2
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	2	(105)	(11)	(232)
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	273	351	273	351
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	39	137	42	153
Items Included in Net Income	0	(13)	(3)	(29)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	(1)	1	(1)	1
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	38	125	38	125
Mortgage loans on real estate
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	289	490	288	487
Items Included in Net Income	4	(4)	4	(2)
Gains (Losses) in OCI and Other	0	2	1	5
Issuances, Sales, Maturities, Settlements, Calls, Net	(35)	(84)	(35)	(86)
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	258	404	258	404
Derivative investments
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	1	1	36	2
Items Included in Net Income	(6)	(1)	5	(2)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	(3)	0	2	0
Transfers Into or Out of Level 3, Net	0	31	(51)	31
Ending Fair Value	(8)	31	(8)	31
Ceded MRBs | Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	59	699	274	540
Items Included in Net Income	(20)	(298)	(235)	(139)
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	39	401	39	401
Ceded MRBs | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	(2,261)	(909)	(1,149)	(246)
Items Included in Net Income	72	(531)	(1,040)	(1,194)
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	(2,189)	(1,440)	(2,189)	(1,440)
Indexed annuity ceded embedded derivatives | Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	973	565	940	525
Items Included in Net Income	11	4	44	11
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	772	34	772	67
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	1,756	603	1,756	603
LPR ceded derivative | Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	201	199	206	212
Items Included in Net Income	1	3	(4)	(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	202	202	202	202
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	(10,896)	(5,796)	(9,077)	(4,783)
Items Included in Net Income	(339)	(1,558)	(2,015)	(2,277)
Gains (Losses) in OCI and Other	0	0	0	0
Issuances, Sales, Maturities, Settlements, Calls, Net	(182)	(156)	(325)	(450)
Transfers Into or Out of Level 3, Net	0	0	0	0
Ending Fair Value	(11,417)	$ (7,510)	(11,417)	$ (7,510)
Reinsurance-related embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Beginning Fair Value	(25)		0
Items Included in Net Income	(28)		(53)
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	$ (53)		$ (53)

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Schedule of Investment Holdings Movements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	$ 599	$ 196	$ 1,185	$ 1,326
Sales	(140)	(165)	(270)	(275)
Maturities	0	(26)	(4)	(34)
Settlements	661	(209)	570	(437)
Calls	(11)	(11)	(12)	(13)
Total	1,109	(215)	1,469	567
Corporate bonds | Fixed maturity AFS securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	375	253	911	1,390
Sales	(79)	(62)	(206)	(117)
Maturities	0	(26)	(2)	(34)
Settlements	(125)	(211)	(221)	(279)
Calls	0	(11)	(1)	(11)
Total	171	(57)	481	949
RMBS | Fixed maturity AFS securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	6	5	6	5
Sales	0	0	0	0
Maturities	0	0	0	0
Settlements	0	0	0	0
Calls	0	0	0	0
Total	6	5	6	5
CMBS | Fixed maturity AFS securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	14	0	14	0
Sales	0	0	0	0
Maturities	0	0	0	0
Settlements	0	(4)	0	(4)
Calls	0	0	0	0
Total	14	(4)	14	(4)
ABS | Fixed maturity AFS securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	462	216	726	457
Sales	(30)	0	(30)	(2)
Maturities	0	0	0	0
Settlements	(56)	(64)	(119)	(135)
Calls	(11)	0	(11)	0
Total	365	152	566	320
State and municipal bonds | Fixed maturity AFS securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances		0		0
Sales		(1)		(1)
Maturities		0		0
Settlements		0		0
Calls		0		0
Total		(1)	0	(1)
Hybrid and redeemable preferred securities | Fixed maturity AFS securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances				0
Sales				0
Maturities				0
Settlements				0
Calls				(2)
Total	0	0	0	(2)
Trading securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	4	0	4	0
Sales	0	(102)	(2)	(155)
Maturities	0	0	0	0
Settlements	(2)	(3)	(13)	(77)
Calls	0	0	0	0
Total	2	(105)	(11)	(232)
Equity securities
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	0	1	0	1
Sales	(1)	0	(1)	0
Maturities	0	0	0	0
Settlements	0	0	0	0
Calls	0	0	0	0
Total	(1)	1	(1)	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	3	1	4
Sales	(30)	0	(31)	0
Maturities	0	0	0	0
Settlements	(5)	(87)	(5)	(90)
Calls	0	0	0	0
Total	(35)	(84)	(35)	(86)
Derivative investments
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	(3)		4
Sales	0		0
Maturities	0		(2)
Settlements	0		0
Calls	0		0
Total	(3)	0	2	0
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	26	34	52	84
Sales	0	0	0	0
Maturities	0	0	0	0
Settlements	746	0	720	(17)
Calls	0	0	0	0
Total	772	34	772	67
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	(285)	(316)	(533)	(615)
Sales	0	0	0	0
Maturities	0	0	0	0
Settlements	103	160	208	165
Calls	0	0	0	0
Total	$ (182)	$ (156)	$ (325)	$ (450)

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 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	$ 349	$ 1,147	$ 1,258	$ (118)
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized gain (loss)	Realized gain (loss)	Realized gain (loss)	Realized gain (loss)
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	$ (1)	$ (5)	$ (1)	$ 1
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	(13)	(2)	(29)
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	(3)	(5)	(4)	(3)
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	(8)	0	8	(2)
MRBs
Fair Value Assets and Liabilities Measured on Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	160	1,222	845	133
Other assets – LPR ceded derivative
Fair Value Assets and Liabilities Measured on Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	1	3	(4)	(10)
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	(28)	0	(53)	0
RILA, fixed indexed annuity and IUL contracts
Fair Value Assets and Liabilities Measured on Recurring Basis Level 3 Activity [Line Items]
Changes in unrealized gains (losses) included in net income	$ 228	$ (55)	$ 469	$ (208)

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value Assets and Liabilities Measured on Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	$ (48)	$ (4)	$ (55)	$ 18
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Unrealized investment gain (loss)	Unrealized investment gain (loss)	Unrealized investment gain (loss)	Unrealized investment gain (loss)
Corporate bonds
Fair Value Assets and Liabilities Measured on Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	$ (27)	$ 0	$ (37)	$ 12
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	3	0	3
ABS
Fair Value Assets and Liabilities Measured on Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	(20)	(7)	(20)	1
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)	(2)	1	(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	$ 0	$ 2	$ 1	$ 4

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	$ 18	$ 141	$ 68	$ 211
Transfers Out of Level 3	(177)	(116)	(300)	(352)
Total	(159)	25	(232)	(141)
Corporate bonds
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	100	19	158
Transfers Out of Level 3	(92)	(76)	(136)	(119)
Total	(92)	24	(117)	39
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
CMBS
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	4	0	4
Transfers Out of Level 3	0	0	0	0
Total	0	4	0	4
ABS
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	18	2	49	2
Transfers Out of Level 3	(85)	(40)	(108)	(233)
Total	(67)	(38)	(59)	(231)
Hybrid and redeemable preferred securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	4	0	16
Transfers Out of Level 3	0	0	0	0
Total	0	4	0	16
Derivative investments
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	0	31	0	31
Transfers Out of Level 3	0	0	(51)	0
Total	$ 0	$ 31	$ (51)	$ 31

Fair Value of Financial Inst_12

Fair Value of Financial Instruments - Fair Value Inputs Quantitative Information (Details) $ in Millions	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Assets
Fixed maturity available-for-sale securities, at fair value	$ 81,037	$ 82,300
Market risk benefit assets	4,754	3,894
Liabilities
Market risk benefit liabilities	(1,275)	(1,716)
Corporate bonds
Assets
Fixed maturity available-for-sale securities, at fair value	62,023	63,866
State and municipal bonds
Assets
Fixed maturity available-for-sale securities, at fair value	2,240	2,542
CMBS
Assets
Fixed maturity available-for-sale securities, at fair value	1,402	1,344
ABS
Assets
Fixed maturity available-for-sale securities, at fair value	12,947	12,043
Hybrid and redeemable preferred securities
Assets
Fixed maturity available-for-sale securities, at fair value	227	232
Significant Unobservable Inputs (Level 3)
Assets
Equity securities	5	5
Market risk benefit assets	4,754	3,894
Liabilities
Embedded derivative liability	(11,325)	(9,013)
Market risk benefit liabilities	$ (1,275)	$ (1,716)
Significant Unobservable Inputs (Level 3) | Minimum | Liquidity/Duration Adjustment
Assets
Equity securities, measurement input	0.045	0.045
Significant Unobservable Inputs (Level 3) | Minimum | Lapse
Liabilities
Embedded derivative liability, measurement input	0	0
Significant Unobservable Inputs (Level 3) | Maximum | Liquidity/Duration Adjustment
Assets
Equity securities, measurement input	0.045	0.045
Significant Unobservable Inputs (Level 3) | Maximum | Lapse
Liabilities
Embedded derivative liability, measurement input	0.09	0.09
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) | Corporate bonds
Assets
Fixed maturity available-for-sale securities, at fair value	$ 173	$ 183
Significant Unobservable Inputs (Level 3) | Corporate bonds | Minimum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0	(0.002)
Significant Unobservable Inputs (Level 3) | Corporate bonds | Maximum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.036	0.037
Significant Unobservable Inputs (Level 3) | Corporate bonds | Weighted Average Range | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.019	0.021
Significant Unobservable Inputs (Level 3) | State and municipal bonds
Assets
Fixed maturity available-for-sale securities, at fair value		$ 5
Significant Unobservable Inputs (Level 3) | State and municipal bonds | Minimum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input		0.009
Significant Unobservable Inputs (Level 3) | State and municipal bonds | Maximum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input		0.022
Significant Unobservable Inputs (Level 3) | State and municipal bonds | Weighted Average Range | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input		0.021
Significant Unobservable Inputs (Level 3) | CMBS
Assets
Fixed maturity available-for-sale securities, at fair value	$ 8	$ 8
Significant Unobservable Inputs (Level 3) | CMBS | Minimum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.019	0.023
Significant Unobservable Inputs (Level 3) | CMBS | Maximum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.019	0.023
Significant Unobservable Inputs (Level 3) | CMBS | Weighted Average Range | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.019	0.023
Significant Unobservable Inputs (Level 3) | ABS
Assets
Fixed maturity available-for-sale securities, at fair value	$ 11	$ 12
Significant Unobservable Inputs (Level 3) | ABS | Minimum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.014	0.018
Significant Unobservable Inputs (Level 3) | ABS | Maximum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.014	0.018
Significant Unobservable Inputs (Level 3) | ABS | Weighted Average Range | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.014	0.018
Significant Unobservable Inputs (Level 3) | Hybrid and redeemable preferred securities
Assets
Fixed maturity available-for-sale securities, at fair value	$ 7	$ 7
Significant Unobservable Inputs (Level 3) | Hybrid and redeemable preferred securities | Minimum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.012	0.014
Significant Unobservable Inputs (Level 3) | Hybrid and redeemable preferred securities | Maximum | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.015	0.015
Significant Unobservable Inputs (Level 3) | Hybrid and redeemable preferred securities | Weighted Average Range | Liquidity/Duration Adjustment
Assets
Fixed maturity AFS and trading securities, measurement input	0.013	0.015
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs
Assets
Market risk benefit assets	$ 39	$ 274
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Minimum | Lapse
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Minimum | Utilization of GLB Withdrawls
Assets
Market risk benefit, measurement input	0.85	0.85
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Minimum | Claims Utilization Factor
Assets
Market risk benefit, measurement input	0.60	0.60
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Minimum | Premiums Utilization Factor
Assets
Market risk benefit, measurement input	0.80	0.80
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Minimum | Non-Performance Risk
Assets
Market risk benefit, measurement input	0.0021	0.0051
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Minimum | Volatility
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Maximum | Lapse
Assets
Market risk benefit, measurement input	0.30	0.30
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Maximum | Utilization of GLB Withdrawls
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Maximum | Claims Utilization Factor
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Maximum | Premiums Utilization Factor
Assets
Market risk benefit, measurement input	1.15	1.15
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Maximum | Non-Performance Risk
Assets
Market risk benefit, measurement input	0.0192	0.0213
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Maximum | Volatility
Assets
Market risk benefit, measurement input	0.29	0.29
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Weighted Average Range | Utilization of GLB Withdrawls
Assets
Market risk benefit, measurement input	0.94	0.94
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Weighted Average Range | Non-Performance Risk
Assets
Market risk benefit, measurement input	0.0155	0.0178
Significant Unobservable Inputs (Level 3) | Other assets – ceded MRBs | Weighted Average Range | Volatility
Assets
Market risk benefit, measurement input	0.1412	0.1392
Significant Unobservable Inputs (Level 3) | Other assets - indexed annuity ceded embedded derivatives
Assets
Embedded derivative asset	$ 1,756	$ 940
Significant Unobservable Inputs (Level 3) | Other assets - indexed annuity ceded embedded derivatives | Minimum | Lapse
Assets
Embedded derivative asset, measurement input	0	0
Significant Unobservable Inputs (Level 3) | Other assets - indexed annuity ceded embedded derivatives | Maximum | Lapse
Assets
Embedded derivative asset, measurement input	0.09	0.09
Significant Unobservable Inputs (Level 3) | Other assets - LPR ceded derivative
Assets
Embedded derivative asset	$ 202	$ 206
Significant Unobservable Inputs (Level 3) | Other assets - LPR ceded derivative | Minimum | Lapse
Assets
Embedded derivative asset, measurement input	0.0010	0.001
Significant Unobservable Inputs (Level 3) | Other assets - LPR ceded derivative | Minimum | Non-Performance Risk
Assets
Embedded derivative asset, measurement input	0.0021	0.01
Significant Unobservable Inputs (Level 3) | Other assets - LPR ceded derivative | Maximum | Lapse
Assets
Embedded derivative asset, measurement input	0.0200	0.0200
Significant Unobservable Inputs (Level 3) | Other assets - LPR ceded derivative | Maximum | Non-Performance Risk
Assets
Embedded derivative asset, measurement input	0.0192	0.0213
Significant Unobservable Inputs (Level 3) | Other assets - LPR ceded derivative | Weighted Average Range | Non-Performance Risk
Assets
Embedded derivative asset, measurement input	0.0136	0.0158
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs
Liabilities
Market risk benefit liabilities	$ (2,189)	$ (1,149)
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Minimum | Lapse
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Minimum | Utilization of GLB Withdrawls
Assets
Market risk benefit, measurement input	0.85	0.85
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Minimum | Claims Utilization Factor
Assets
Market risk benefit, measurement input	0.60	0.60
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Minimum | Premiums Utilization Factor
Assets
Market risk benefit, measurement input	0.80	0.80
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Minimum | Non-Performance Risk
Assets
Market risk benefit, measurement input	0.0021	0.0051
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Minimum | Volatility
Assets
Market risk benefit, measurement input	0.01	0.01
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Maximum | Lapse
Assets
Market risk benefit, measurement input	0.30	0.30
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Maximum | Utilization of GLB Withdrawls
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Maximum | Claims Utilization Factor
Assets
Market risk benefit, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Maximum | Premiums Utilization Factor
Assets
Market risk benefit, measurement input	1.15	1.15
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Maximum | Non-Performance Risk
Assets
Market risk benefit, measurement input	0.0192	0.0213
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Maximum | Volatility
Assets
Market risk benefit, measurement input	0.29	0.29
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Weighted Average Range | Utilization of GLB Withdrawls
Assets
Market risk benefit, measurement input	0.94	0.94
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Weighted Average Range | Non-Performance Risk
Assets
Market risk benefit, measurement input	0.0155	0.0178
Significant Unobservable Inputs (Level 3) | Other liabilities – ceded MRBs | Weighted Average Range | Volatility
Assets
Market risk benefit, measurement input	0.1412	0.1392

Contingencies and Commitments (

Contingencies and Commitments (Details) - USD ($) $ in Millions	Jun. 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 - Components and Changes in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year			$ 10,507
Foreign currency translation adjustment arising during the period	$ 24	$ 1,296	198	$ 3,909
Balance as of end-of-period	11,029	10,401	11,029	10,401
Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year			(3,532)	(8,526)
Income tax benefit (expense)			(131)	(478)
Reclassification adjustment for gains (losses) included in net income (loss)			(106)	(2,722)
Income tax benefit (expense)			22	572
Balance as of end-of-period	(2,970)	(4,680)	(2,970)	(4,680)
Unrealized holding gains (losses) arising during the period
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment			(1,489)	1,199
Change in foreign currency exchange rate adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment			(117)	119
Change in future contract benefits and policyholder account balances, net of reinsurance
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment			2,215	856
Unrealized Gain (Loss) on Derivative Instruments
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year			249	301
Income tax benefit (expense)			(35)	(20)
Reclassification adjustment for gains (losses) included in net income (loss)			27	30
Income tax benefit (expense)			(6)	(6)
Balance as of end-of-period	356	351	356	351
Unrealized holding gains (losses) arising during the period
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment			46	204
Change in foreign currency exchange rate adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Change in foreign currency exchange rate adjustment			117	(110)
Market Risk Benefit Non-Performance Risk Gain (Loss)
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year			1,069	1,739
Adjustment arising during the year			(841)	129
Income tax benefit (expense)			180	(27)
Balance as of end-of-period	408	1,841	408	1,841
Policyholder Liability Discount Rate Remeasurement Gain (Loss)
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year			645	790
Adjustment arising during the year			241	(114)
Income tax benefit (expense)			(51)	26
Balance as of end-of-period	835	702	835	702
Foreign Currency Translation Adjustment
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year			0	0
Foreign currency translation adjustment arising during the period			0	(1)
Balance as of end-of-period	0	(1)	0	(1)
Funded Status of Employee Benefit Plans
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year			(16)	(17)
Balance as of end-of-period	$ (16)	$ (17)	$ (16)	$ (17)

Shares and Stockholders' Equi_2

Shares and Stockholders' Equity - Schedule of Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest and debt expense	$ 48	$ 47	$ 96	$ 93
Net investment income	1,232	1,476	2,456	2,885
Realized gain (loss)	283	(3,252)	226	(3,646)
Benefits	(2,726)	1,676	(989)	3,872
Income (loss) before taxes	927	(1,255)	1,751	(2,485)
Income tax benefit (expense)	(166)	299	(333)	601
Net income (loss)	$ 761	$ (956)	1,418	(1,884)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain (loss)			(111)	(3,140)
Benefits			5	418
Income (loss) before taxes			(106)	(2,722)
Income tax benefit (expense)			22	572
Net income (loss)			(84)	(2,150)
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			(1)	0
Net investment income			29	27
Realized gain (loss)			(1)	3
Income (loss) before taxes			27	30
Income tax benefit (expense)			(6)	(6)
Net income (loss)			$ 21	$ 24

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 44	$ 1,247	$ 4,100	$ 5,264
Other Operations
Segment Reporting Information [Line Items]
Revenues	34	36	59	75
Revenue adjustments from annuity and life insurance product features
Segment Reporting Information [Line Items]
Revenues	224	(23)	394	(114)
Credit loss-related adjustments, after-tax
Segment Reporting Information [Line Items]
Revenues	(33)	(5)	(33)	(26)
Investment gains (losses)
Segment Reporting Information [Line Items]
Revenues	(204)	(3,081)	(260)	(3,137)
Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans
Segment Reporting Information [Line Items]
Revenues	43	71	90	60
GLB rider fees ceded to LNBAR
Segment Reporting Information [Line Items]
Revenues	(232)	(232)	(462)	(465)
Gains (losses) on other non-financial assets – sale of subsidiaries/businesses
Segment Reporting Information [Line Items]
Revenues	481	0	481	0
Annuities | Operating Segments
Segment Reporting Information [Line Items]
Revenues	1,141	1,097	2,319	2,140
Life Insurance | Operating Segments
Segment Reporting Information [Line Items]
Revenues	1,318	1,656	2,498	3,294
Group Protection (1) | Operating Segments
Segment Reporting Information [Line Items]
Revenues	(3,051)	1,400	(1,626)	2,787
Retirement Plan Services | Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 323	$ 328	$ 640	$ 650

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net income (loss)	$ 761	$ (956)	$ 1,418	$ (1,884)
Other Operations
Segment Reporting Information [Line Items]
Net income (loss)	(59)	(75)	(167)	(127)
Net annuity product features, after-tax
Segment Reporting Information [Line Items]
Net income (loss)	324	1,084	1,108	262
Net annuity product features, after-tax | Fortitude Re
Segment Reporting Information [Line Items]
Net income (loss)		330		330
Net life insurance product features, after-tax (4)
Segment Reporting Information [Line Items]
Net income (loss)	(12)	207	(114)	112
Credit loss-related adjustments, after-tax
Segment Reporting Information [Line Items]
Net income (loss)	(27)	(4)	(28)	(21)
Investment gains (losses)
Segment Reporting Information [Line Items]
Net income (loss)	(160)	(2,435)	(206)	(2,478)
Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans
Segment Reporting Information [Line Items]
Net income (loss)	34	56	71	47
GLB rider fees ceded to LNBAR, after-tax
Segment Reporting Information [Line Items]
Net income (loss)	(182)	(184)	(364)	(367)
Transaction and integration costs related to mergers, acquisitions and divestitures, after-tax
Segment Reporting Information [Line Items]
Net income (loss)	(12)	(7)	(21)	(7)
Gains (losses) on other non-financial assets – sale of subsidiaries/businesses
Segment Reporting Information [Line Items]
Net income (loss)	358	0	358	0
Annuities | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	252	218	475	435
Life Insurance | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	79	32	28	0
Group Protection (1) | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	129	109	209	179
Retirement Plan Services | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)	$ 37	$ 43	$ 69	$ 81

Segment Information - Reconci_3

Segment Information - Reconciliation of Assets From Segments to Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 398,934	$ 373,976
Operating Segments | Life Insurance
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	112,686	107,529
Operating Segments | Annuities
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	204,946	186,716
Operating Segments | Group Protection (1)
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	13,943	9,741
Operating Segments | Retirement Plan Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	47,830	46,969
Other Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 19,529	$ 23,021

Realized Gain (Loss) (Details)

Realized Gain (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fixed maturity AFS securities:
Gross gains	$ 9	$ 8	$ 16	$ 33
Gross losses	(120)	(48)	(178)	(111)
Credit loss benefit (expense)	(23)	1	(25)	(15)
Intent to sell impairments	0	(3,062)	0	(3,062)
Realized gain (loss) on equity securities	1	(13)	12	(27)
Credit loss benefit (expense) on mortgage loans on real estate	(17)	(3)	(17)	(7)
Credit loss benefit (expense) on reinsurance-related assets	7	(3)	9	(4)
Realized gain (loss) on the market-to-market on certain instruments	(68)	(80)	(201)	(207)
Indexed product derivative results	77	(49)	222	(203)
GLB rider fees ceded to LNBAR and attributed fees	(31)	(28)	(61)	(57)
Realized gain (loss) on subsidiaries/businesses	481	0	481	0
Other realized gain (loss)	(33)	25	(32)	14
Total realized gain (loss)	283	(3,252)	226	(3,646)
Mortgages
Fixed maturity AFS securities:
Realized gain (loss) on the market-to-market on certain instruments	3	(3)	3	(1)
Equity securities
Fixed maturity AFS securities:
Realized gain (loss) on equity securities	$ 4	$ (13)	$ 16	$ (27)

Federal Income Taxes (Details)

Federal Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	18%	24%	19%	24%

Supplemental Disclosures of C_3

Supplemental Disclosures of Cash Flow Data (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Non-cash transactions:
Establishment of funds withheld liability in connection with a reinsurance transaction	$ (6,797,000)	$ 0
Extraordinary dividend to LNC in the form of fixed maturity AFS securities, mortgage loans on real estate and accrued investment income	(929,000)	0
Net increase (decrease) in fixed maturity AFS securities and accrued investment income in connection with reinsurance activity	$ 287,000	$ (15,000)