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Deferred Policy Acquisition Costs - Progression of deferred policy acquisition costs (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Deferred policy acquisition costs and present value of future profits, beginning balance $ 1,037 $ 1,682 $ 1,216
Deferred policy acquisition costs and present value of future profits, additions 703 952 940
Deferred policy acquisition costs and present value of future profits, periodic amortization (757) (860) (908)
Deferred policy acquisition costs and present value of future profits, annuity unlocking (114) (77) 29
Deferred policy acquisition costs and present value of future profits, change included in realized gains (41) 9 15
Deferred policy acquisition costs and present value of future profits, foreign currency translation 0 0 (2)
Deferred policy acquisition costs and present value of future profits, other (10)    
Deferred policy acquisition costs and present value of future profits, change in unrealized (272) (669) 392
Deferred policy acquisition costs and present value of future profits, ending balance 546 1,037 1,682
Property and casualty insurance      
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]      
Deferred policy acquisition costs, beginning balance 322 299 270
Deferred policy acquisition costs, additions 547 744 675
Deferred policy acquisition costs, periodic amortization (615) (721) (644)
Deferred policy acquisition costs, foreign currency translation 0 0 (2)
Deferred policy acquisition costs, ending balance 244 322 299
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Deferred policy acquisition costs and present value of future profits, other (10)    
Annuity and Run-off      
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]      
Deferred policy acquisition costs, beginning balance 1,303 1,285 1,217
Deferred policy acquisition costs, additions 154 206 263
Deferred policy acquisition costs, periodic amortization (127) (120) (238)
Deferred policy acquisition costs, annuity unlocking (118) (76) 29
Deferred policy acquisition costs, change included in realized gains (42) 8 14
Deferred policy acquisition costs, ending balance 1,170 1,303 1,285
Movement in Deferred Sales Inducements [Roll Forward]      
Deferred sales inducements, beginning balance 75 86 102
Deferred sales inducements, additions 2 2 2
Deferred sales inducements, periodic amortization (9) (13) (19)
Deferred sales inducements, annuity unlocking 4 (1) 0
Deferred sales inducements, change included in realized gains 1 1 1
Deferred sales inducements, ending balance 73 75 86
Movement in Present Value of Future Insurance Profits [Roll Forward]      
Present value of future profits, beginning balance 36 42 49
Present value of future profits, periodic amortization (6) (6) (7)
Present value of future profits, annuity unlocking 0 0 0
Present value of future profits, ending balance 30 36 42
Movement in Unrealized Gains (Losses) Related to Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Unrealized investment gains (losses), beginning balance (699) (30) (422)
Unrealized investment gains (losses), change in unrealized (272) (669) 392
Unrealized investment gains (losses), ending balance (971) (699) (30)
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Deferred policy acquisition costs and present value of future profits, beginning balance 715 1,383 946
Deferred policy acquisition costs and present value of future profits, additions 156 208 265
Deferred policy acquisition costs and present value of future profits, periodic amortization (142) (139) (264)
Deferred policy acquisition costs and present value of future profits, annuity unlocking (114) (77) 29
Deferred policy acquisition costs and present value of future profits, change included in realized gains (41) 9 15
Deferred policy acquisition costs and present value of future profits, change in unrealized (272) (669) 392
Deferred policy acquisition costs and present value of future profits, ending balance 302 715 1,383
Excluding Unrealized Gains | Annuity and Run-off      
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Deferred policy acquisition costs and present value of future profits, beginning balance 1,414 1,413 1,368
Deferred policy acquisition costs and present value of future profits, change in unrealized 0 0 0
Deferred policy acquisition costs and present value of future profits, ending balance $ 1,273 $ 1,414 $ 1,413