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Commitments and Contingent Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Mortgage Loans
The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: 
 September 30, 2023December 31, 2022
 Amount
(in millions)		% of
Total		Amount
(in millions)		% of
Total
Commercial mortgage and agricultural property loans by property type:
Office$8,403 14.6 %$9,096 16.2 %
Retail5,869 10.2 6,103 10.8 
Apartments/Multi-Family15,985 27.7 15,381 27.3 
Industrial14,430 25.0 13,079 23.2 
Hospitality2,139 3.7 2,027 3.6 
Other3,939 6.8 3,791 6.7 
Total commercial mortgage loans50,765 88.0 49,477 87.8 
Agricultural property loans6,939 12.0 6,857 12.2 
Total commercial mortgage and agricultural property loans57,704 100.0 %56,334 100.0 %
Allowance for credit losses(331)(201)
Total net commercial mortgage and agricultural property loans57,373 56,133 
Other loans:
Uncollateralized loans406 463 
Residential property loans30 43 
Other collateralized loans100 108 
Total other loans536 614 
Allowance for credit losses(1)(2)
Total net other loans535 612 
Total net commercial mortgage and other loans(1)$57,908 $56,745 
__________ 
(1)Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of September 30, 2023 and December 31, 2022, the net carrying value of these loans were $387 million and $137 million, respectively.
Commercial Mortgage Loan Commitments
September 30,
2023		December 31,
2022
 (in millions)
Total outstanding mortgage loan commitments$2,570 $1,995 
Portion of commitment where prearrangement to sell to investor exists$297 $582 
Indemnification of Serviced Mortgage Loans
September 30,
2023		December 31,
2022
 (in millions)
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company$3,041 $2,972 
First-loss exposure portion of above$880 $862 
Accrued liability associated with guarantees(1)$29 $33 
__________
(1)The accrued liability associated with guarantees includes an allowance for credit losses of $14 million and $17 million as of September 30, 2023 and December 31, 2022, respectively. The change in allowance is a reduction of $1 million for both three months ended September 30, 2023, and 2022, respectively, and a reduction for both nine months ended September 30, 2023, and 2022 of $2 million and $4 million , respectively.
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)
September 30,
2023		December 31,
2022
 (in millions)
Expected to be funded from the general account and other operations outside the separate accounts$13,507 $8,376 
Expected to be funded from separate accounts$36 $183 
Indemnification of Securities Lending and Securities Repurchase Transactions Indemnification of Securities Lending and Securities Repurchase Transactions
September 30,
2023		December 31,
2022
 (in millions)
Indemnification provided to certain clients for securities lending and securities repurchase transactions(1)$5,734 $5,834 
Fair value of related collateral associated with above indemnifications(1)$5,858 $5,985 
Accrued liability associated with guarantee$0 $0 
__________ 
(1)There were no securities repurchase transactions as of September 30, 2023 and December 31, 2022.
Guarantees
Guarantees of Asset Values
September 30,
2023		December 31,
2022
 (in millions)
Guaranteed value of third-parties’ assets$80,152 $84,338 
Fair value of collateral supporting these assets$73,603 $77,693 
Asset (liability) associated with guarantee, carried at fair value$0 $1 
Other Guarantees
September 30,
2023		December 31,
2022
 (in millions)
Other guarantees where amount can be determined$36 $57 
Accrued liability for other guarantees and indemnifications$32 $33