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Commitments and Contingent Liabilities (Tables)
 3 Months Ended
Mar. 31, 2024
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: 

 March 31, 2024December 31, 2023
 Amount
(in millions)		% of
Total		Amount
(in millions)		% of
Total
Commercial mortgage and agricultural property loans by property type:
Office$8,265 14.1 %$8,402 14.2 %
Retail5,332 9.1 5,384 9.1 
Apartments/Multi-Family16,123 27.4 16,555 28.0 
Industrial15,184 25.8 15,263 25.8 
Hospitality2,070 3.5 2,086 3.5 
Other4,272 7.3 4,069 6.9 
Total commercial mortgage loans51,246 87.2 51,759 87.5 
Agricultural property loans7,504 12.8 7,426 12.5 
Total commercial mortgage and agricultural property loans58,750 100.0 %59,185 100.0 %
Allowance for credit losses(513)(459)
Total net commercial mortgage and agricultural property loans58,237 58,726 
Other loans:
Uncollateralized loans394 425 
Residential property loans26 30 
Other collateralized loans125 125 
Total other loans545 580 
Allowance for credit losses(1)(1)
Total net other loans544 579 
Total net commercial mortgage and other loans(1)$58,781 $59,305 
__________ 
(1)Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of March 31, 2024 and December 31, 2023, the net carrying value of these loans was $157 million and $519 million, respectively.
Commercial Mortgage Loan Commitments

March 31,
2024		December 31,
2023
 (in millions)
Total outstanding mortgage loan commitments$1,208 $1,798 
Portion of commitment where prearrangement to sell to investor exists$294 $366 
Indemnification of Serviced Mortgage Loans

March 31,
2024		December 31,
2023
 (in millions)
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company$3,103 $3,102 
First-loss exposure portion of above$897 $898 
Accrued liability associated with guarantees(1)$26 $28 
__________
(1)The accrued liability associated with guarantees includes an allowance for credit losses of $13 million and $14 million as of March 31, 2024 and December 31, 2023, respectively. The change in allowance is a reduction of $1 million for both the three months ended March 31, 2024, and 2023.
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)

March 31,
2024		December 31,
2023
 (in millions)
Expected to be funded from the general account and other operations outside the separate accounts$10,922 $10,675 
Expected to be funded from separate accounts$1 $39 
Indemnification of Securities Lending and Securities Repurchase Transactions Indemnification of Securities Lending and Securities Repurchase Transactions
March 31,
2024		December 31,
2023
 (in millions)
Indemnification provided to certain clients for securities lending and securities repurchase transactions(1)$5,801 $5,409 
Fair value of related collateral associated with above indemnifications(2)
$5,926 $5,528 
Accrued liability associated with guarantee$0 $0 
__________ 
(1)Includes $229 million and $0 million related to securities repurchase transactions as of March 31, 2024 and December 31, 2023, respectively.
(2)Includes $230 million and $0 million related to securities repurchase transactions as of March 31, 2024 and December 31, 2023, respectively.
Guarantees
Guarantees of Asset Values

March 31,
2024		December 31,
2023
 (in millions)
Guaranteed value of third-parties’ assets$77,683 $78,009 
Fair value of collateral supporting these assets$71,951 $73,186 
Asset (liability) associated with guarantee, carried at fair value$(2)$(2)
Other Guarantees

March 31,
2024		December 31,
2023
 (in millions)
Other guarantees where amount can be determined$42 $36 
Accrued liability for other guarantees and indemnifications$32 $32