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Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Fixed Maturities, AFS, allowance for credit losses $ 171 $ 160
Fixed Maturities, available-for-sale, Amortized Cost 342,228 334,598
Fixed maturities, trading, amortized cost 11,307 10,624
Equity securities, AFS, amortized cost 4,609 5,786
Commercial mortgage and other loans, allowance for credit losses 514 460
Commercial mortgage and other loans [1] 58,781 59,305
Other invested assets, allowance for credit losses [1] 24,227 22,855
Other invested assets, at fair value 6,763 6,074
Reinsurance recoverables and deposit receivables, allowance for credit losses 11 12
Reinsurance recoverable and deposit receivables, embedded derivatives at fair value 224 149
Other assets, assets at fair value 19 11
Reinsurance and funds withheld payables, embedded derivatives at fair value 73 490
Other Liabilities, derivatives at fair value 4,485 4,175
Notes issued by consolidated variable interest entities (includes $405 and $778 measured at fair value under the fair value option at March 31, 2024 and December 31, 2023, respectively) [1] $ 1,132 $ 1,374
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 1,500,000,000 1,500,000,000
Common stock, shares, Issued 666,305,189 666,305,189
Treasury Stock, Common, Shares 307,229,481 307,089,216
Fair value option    
Commercial mortgage and other loans $ 157 $ 519
Notes issued by consolidated variable interest entities (includes $405 and $778 measured at fair value under the fair value option at March 31, 2024 and December 31, 2023, respectively) 405 778
Leveraged lease loans    
Other invested assets, allowance for credit losses 1 1
ASU 2016-13    
Short-term investments, allowance for credit losses 2 0
Other assets, allowance for credit losses 3 3
Other liabilities, allowance for credit losses $ 14 $ 15
[1] See Note 4 for details of balances associated with variable interest entities.