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Fair Value of Financial Instruments - Schedule of Fair Value Hierarchy Measurements of Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Financial assets            
Equity securities $ 1,200   $ 1,404      
Short-term investments 1,945   2,397      
Derivative assets 1,610   227      
Other assets - market risk benefit assets 704   34      
Separate account assets 1,266   1,189      
Financial liabilities            
Market risk benefits 3,276   34      
Separate account liabilities 1,266 $ 1,285 1,189 $ 1,145 $ 1,098 $ 1,045
Separate accounts not subject to fair value hierarchy 32   26      
Total Fair Value            
Financial assets            
Fixed maturity securities, available for sale 46,480   12,877      
Equity securities 1,200   1,404      
Real estate at fair value 1,279   0      
Real estate partnerships at fair value 39   0      
Investment funds (fair value option) 111   0      
Short-term investments 1,945   2,397      
Derivative assets 1,610   227      
Collaterals received on derivatives (excluding excess collateral) (1,587)   (226)      
Separately managed accounts 89   105      
Other invested assets - other 425   0      
Cash and cash equivalents 13,895   3,192      
Other assets - market risk benefit assets 704   34      
Separate account assets 1,234   1,163      
Total financial assets 67,424   21,173      
Financial liabilities            
Policyholders’ account balances – embedded derivative 1,196   873      
Market risk benefits 3,276   34      
Funds withheld liabilities 79   0      
Separate account liabilities 1,234   1,163      
Total financial liabilities 5,785   2,070      
Total Fair Value | U.S. treasury and government            
Financial assets            
Fixed maturity securities, available for sale 83   62      
Total Fair Value | U.S. states and political subdivisions            
Financial assets            
Fixed maturity securities, available for sale 3,299   578      
Total Fair Value | Foreign governments            
Financial assets            
Fixed maturity securities, available for sale 453   9      
Total Fair Value | Corporate debt securities            
Financial assets            
Fixed maturity securities, available for sale 31,949   10,784      
Total Fair Value | Residential mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 1,079   127      
Total Fair Value | Commercial mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 2,766   0      
Total Fair Value | Collateralized debt securities            
Financial assets            
Fixed maturity securities, available for sale 6,851   1,317      
Total Fair Value | Common stock            
Financial assets            
Equity securities 1,081   1,307      
Total Fair Value | Preferred stock            
Financial assets            
Equity securities 114   97      
Total Fair Value | Private equity and other            
Financial assets            
Equity securities 5   0      
Level 1            
Financial assets            
Fixed maturity securities, available for sale 83   62      
Equity securities 407   336      
Real estate at fair value 0   0      
Real estate partnerships at fair value 0   0      
Investment funds (fair value option) 0   0      
Short-term investments 823   1,100      
Derivative assets 0   0      
Collaterals received on derivatives (excluding excess collateral) (1,587)   0      
Separately managed accounts 0   0      
Other invested assets - other 0   0      
Cash and cash equivalents 13,895   3,192      
Other assets - market risk benefit assets 0   0      
Separate account assets 200   406      
Total financial assets 13,821   5,096      
Financial liabilities            
Policyholders’ account balances – embedded derivative 0   0      
Market risk benefits 0   0      
Funds withheld liabilities 0   0      
Separate account liabilities 200   406      
Total financial liabilities 200   406      
Level 1 | U.S. treasury and government            
Financial assets            
Fixed maturity securities, available for sale 83   62      
Level 1 | U.S. states and political subdivisions            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 1 | Foreign governments            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 1 | Corporate debt securities            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 1 | Residential mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 1 | Commercial mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 1 | Collateralized debt securities            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 1 | Common stock            
Financial assets            
Equity securities 384   314      
Level 1 | Preferred stock            
Financial assets            
Equity securities 23   22      
Level 1 | Private equity and other            
Financial assets            
Equity securities 0   0      
Level 2            
Financial assets            
Fixed maturity securities, available for sale 40,110   9,700      
Equity securities 2   0      
Real estate at fair value 0   0      
Real estate partnerships at fair value 0   0      
Investment funds (fair value option) 0   0      
Short-term investments 544   0      
Derivative assets 1,356   0      
Collaterals received on derivatives (excluding excess collateral) 0   0      
Separately managed accounts 0   0      
Other invested assets - other 0   0      
Cash and cash equivalents 0   0      
Other assets - market risk benefit assets 0   0      
Separate account assets 1,034   757      
Total financial assets 43,046   10,457      
Financial liabilities            
Policyholders’ account balances – embedded derivative 0   0      
Market risk benefits 0   0      
Funds withheld liabilities 0   0      
Separate account liabilities 1,034   757      
Total financial liabilities 1,034   757      
Level 2 | U.S. treasury and government            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 2 | U.S. states and political subdivisions            
Financial assets            
Fixed maturity securities, available for sale 3,047   578      
Level 2 | Foreign governments            
Financial assets            
Fixed maturity securities, available for sale 453   9      
Level 2 | Corporate debt securities            
Financial assets            
Fixed maturity securities, available for sale 29,035   8,570      
Level 2 | Residential mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 1,057   127      
Level 2 | Commercial mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 2,743   0      
Level 2 | Collateralized debt securities            
Financial assets            
Fixed maturity securities, available for sale 3,775   416      
Level 2 | Common stock            
Financial assets            
Equity securities 2   0      
Level 2 | Preferred stock            
Financial assets            
Equity securities 0   0      
Level 2 | Private equity and other            
Financial assets            
Equity securities 0   0      
Level 3            
Financial assets            
Fixed maturity securities, available for sale 6,287   3,115      
Equity securities 791   1,068      
Real estate at fair value 1,279   0      
Real estate partnerships at fair value 39   0      
Investment funds (fair value option) 111   0      
Short-term investments 578   1,297      
Derivative assets 254   227      
Collaterals received on derivatives (excluding excess collateral) 0   (226)      
Separately managed accounts 89   105      
Other invested assets - other 425   0      
Cash and cash equivalents 0   0      
Other assets - market risk benefit assets 704   34      
Separate account assets 0   0      
Total financial assets 10,557   5,620      
Financial liabilities            
Policyholders’ account balances – embedded derivative 1,196   873      
Market risk benefits 3,276   34      
Funds withheld liabilities 79   0      
Separate account liabilities 0   0      
Total financial liabilities 4,551   907      
Level 3 | U.S. treasury and government            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 3 | U.S. states and political subdivisions            
Financial assets            
Fixed maturity securities, available for sale 252   0      
Level 3 | Foreign governments            
Financial assets            
Fixed maturity securities, available for sale 0   0      
Level 3 | Corporate debt securities            
Financial assets            
Fixed maturity securities, available for sale 2,914   2,214      
Level 3 | Residential mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 22   0      
Level 3 | Commercial mortgage-backed securities            
Financial assets            
Fixed maturity securities, available for sale 23   0      
Level 3 | Collateralized debt securities            
Financial assets            
Fixed maturity securities, available for sale 3,076   901      
Level 3 | Common stock            
Financial assets            
Equity securities 695   993      
Level 3 | Preferred stock            
Financial assets            
Equity securities 91   75      
Level 3 | Private equity and other            
Financial assets            
Equity securities 5   $ 0      
Fair Value Measured at Net Asset Value Per Share            
Financial assets            
Investment funds (fair value option) $ 360