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Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Available-for-sale securities $ 92,429 $ 89,373
Mortgage loans 17,385 15,938
Derivative assets 3,677 3,523
Restricted cash 546 738
Reinsurance recoverable (portion at fair value: 2021 – $1,880 and 2020 – $2,100) 4,690 4,848
Liabilities    
Interest sensitive contract liabilities 146,247 144,566
Future policy benefits 31,767 29,258
Derivative liabilities 288 298
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 422 452
Related Party    
Assets    
Available-for-sale securities 6,905 6,520
Trading securities, at fair value 1,710 1,529
Equity securities, at fair value 114 72
Mortgage loans 714 674
Investment funds 2,060 2,119
Funds withheld at interest 12,572 13,030
Other investments 469 469
Liabilities    
Interest sensitive contract liabilities 13,830 14,150
Future policy benefits 1,665 1,610
Corporate | Related Party    
Assets    
Available-for-sale securities 221 215
CLO | Related Party    
Assets    
Available-for-sale securities 1,869 1,520
ABS | Related Party    
Assets    
Available-for-sale securities 4,815 4,785
Level 3    
Assets    
Available-for-sale securities 5,982 5,858
Recurring    
Assets    
Investment funds   230
Recurring | Level 1    
Assets    
Cash and cash equivalents 6,427 7,704
Restricted cash 546 738
Reinsurance recoverable (portion at fair value: 2021 – $1,880 and 2020 – $2,100) 0 0
Total assets measured at fair value 7,445 9,038
Liabilities    
Derivative liabilities 0 2
Total liabilities measured at fair value 0 2
Recurring | Level 1 | Related Party    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Equity securities, at fair value 0 0
Investment funds 0 0
Recurring | Level 1 | Universal life    
Liabilities    
Interest sensitive contract liabilities 0 0
Recurring | Level 1 | AmerUs Closed Block    
Liabilities    
Future policy benefits 0 0
Recurring | Level 1 | ILICO Closed Block and life benefits    
Liabilities    
Future policy benefits 0 0
Recurring | Level 1 | Embedded derivatives    
Liabilities    
Interest sensitive contract liabilities 0 0
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 0 0
Recurring | Level 1 | Embedded derivatives | Related Party    
Assets    
Funds withheld at interest 0 0
Recurring | Level 1 | Corporate | Related Party    
Assets    
Available-for-sale securities 0 0
Recurring | Level 1 | CLO | Related Party    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Recurring | Level 1 | ABS | Related Party    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Recurring | Level 2    
Assets    
Cash and cash equivalents 0 0
Restricted cash 0 0
Reinsurance recoverable (portion at fair value: 2021 – $1,880 and 2020 – $2,100) 0 0
Total assets measured at fair value 91,529 88,786
Liabilities    
Derivative liabilities 283 292
Total liabilities measured at fair value 317 351
Recurring | Level 2 | Related Party    
Assets    
Available-for-sale securities 2,573 2,216
Trading securities, at fair value 25 4
Equity securities, at fair value 0 0
Investment funds 0 0
Recurring | Level 2 | Universal life    
Liabilities    
Interest sensitive contract liabilities 0 0
Recurring | Level 2 | AmerUs Closed Block    
Liabilities    
Future policy benefits 0 0
Recurring | Level 2 | ILICO Closed Block and life benefits    
Liabilities    
Future policy benefits 0 0
Recurring | Level 2 | Embedded derivatives    
Liabilities    
Interest sensitive contract liabilities 0 0
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 34 59
Recurring | Level 2 | Embedded derivatives | Related Party    
Assets    
Funds withheld at interest 0 0
Recurring | Level 2 | Corporate | Related Party    
Assets    
Available-for-sale securities 20 20
Recurring | Level 2 | CLO | Related Party    
Assets    
Available-for-sale securities 1,869 1,520
Trading securities, at fair value 25 4
Recurring | Level 2 | ABS | Related Party    
Assets    
Available-for-sale securities 684 676
Trading securities, at fair value 0 0
Recurring | Level 3    
Assets    
Cash and cash equivalents 0 0
Restricted cash 0 0
Reinsurance recoverable (portion at fair value: 2021 – $1,880 and 2020 – $2,100) 1,880 2,100
Total assets measured at fair value 13,707 14,840
Liabilities    
Derivative liabilities 5 4
Total liabilities measured at fair value 15,840 16,561
Recurring | Level 3 | Related Party    
Assets    
Available-for-sale securities 4,332 4,304
Trading securities, at fair value 1,685 1,525
Equity securities, at fair value 114 72
Investment funds 1,970 2,033
Recurring | Level 3 | Universal life    
Liabilities    
Interest sensitive contract liabilities 1,108 1,308
Recurring | Level 3 | AmerUs Closed Block    
Liabilities    
Future policy benefits 1,497 1,600
Recurring | Level 3 | ILICO Closed Block and life benefits    
Liabilities    
Future policy benefits 757 776
Recurring | Level 3 | Embedded derivatives    
Liabilities    
Interest sensitive contract liabilities 12,473 12,873
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 0 0
Recurring | Level 3 | Embedded derivatives | Related Party    
Assets    
Funds withheld at interest 580 862
Recurring | Level 3 | Corporate | Related Party    
Assets    
Available-for-sale securities 201 195
Recurring | Level 3 | CLO | Related Party    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 44 50
Recurring | Level 3 | ABS | Related Party    
Assets    
Available-for-sale securities 4,131 4,109
Trading securities, at fair value 1,641 1,475
Recurring | NAV    
Assets    
Total assets measured at fair value 238  
Recurring | NAV | Related Party    
Assets    
Investment funds 90 86
Fair Value    
Assets    
Total assets measured at fair value 82,249 80,487
Liabilities    
Interest sensitive contract liabilities 99,298 98,945
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 388 393
Fair Value | Related Party    
Assets    
Mortgage loans 734 694
Investment funds 3,839 3,165
Funds withheld at interest 11,992 12,168
Other investments 492 499
Fair Value | Level 1    
Assets    
Total assets measured at fair value 0 0
Liabilities    
Interest sensitive contract liabilities 0 0
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 0 0
Fair Value | Level 1 | Related Party    
Assets    
Mortgage loans 0 0
Investment funds 0 0
Funds withheld at interest 0 0
Other investments 0 0
Fair Value | Level 2    
Assets    
Total assets measured at fair value 356 369
Liabilities    
Interest sensitive contract liabilities 0 0
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 388 393
Fair Value | Level 2 | Related Party    
Assets    
Mortgage loans 0 0
Investment funds 0 0
Funds withheld at interest 0 0
Other investments 0 0
Fair Value | Level 3    
Assets    
Total assets measured at fair value 77,407 76,311
Liabilities    
Interest sensitive contract liabilities 99,298 98,945
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 0 0
Fair Value | Level 3 | Related Party    
Assets    
Mortgage loans 734 694
Investment funds 0 0
Funds withheld at interest 11,992 12,168
Other investments 492 499
Fair Value | NAV    
Assets    
Total assets measured at fair value 4,486 3,807
Fair Value | NAV | Related Party    
Assets    
Investment funds 3,839 3,165
Fair Value | Recurring    
Assets    
Cash and cash equivalents 6,427 7,704
Restricted cash 546 738
Reinsurance recoverable (portion at fair value: 2021 – $1,880 and 2020 – $2,100) 1,880 2,100
Total assets measured at fair value 112,919 112,894
Liabilities    
Interest sensitive contract liabilities 13,581 14,181
Future policy benefits 2,254 2,376
Derivative liabilities 288 298
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 34 59
Total liabilities measured at fair value 16,157 16,914
Fair Value | Recurring | Related Party    
Assets    
Available-for-sale securities 6,905 6,520
Trading securities, at fair value 1,710 1,529
Equity securities, at fair value 114 72
Investment funds 2,060 2,119
Funds withheld at interest 580 862
Fair Value | Recurring | Universal life    
Liabilities    
Interest sensitive contract liabilities 1,108 1,308
Fair Value | Recurring | AmerUs Closed Block    
Liabilities    
Future policy benefits 1,497 1,600
Fair Value | Recurring | ILICO Closed Block and life benefits    
Liabilities    
Future policy benefits 757 776
Fair Value | Recurring | Embedded derivatives    
Liabilities    
Interest sensitive contract liabilities 12,473 12,873
Funds withheld liability (portion at fair value: 2021 – $34 and 2020 – $59) 34 59
Fair Value | Recurring | Embedded derivatives | Related Party    
Assets    
Funds withheld at interest 580 862
Fair Value | Recurring | Corporate | Related Party    
Assets    
Available-for-sale securities 221 215
Fair Value | Recurring | CLO | Related Party    
Assets    
Available-for-sale securities 1,869 1,520
Trading securities, at fair value 69 54
Fair Value | Recurring | ABS | Related Party    
Assets    
Available-for-sale securities 4,815 4,785
Trading securities, at fair value 1,641 1,475
Investments, excluding investments in Related Party    
Assets    
Available-for-sale securities 85,524 82,853
Trading securities, at fair value 1,979 2,093
Mortgage loans 16,671 15,264
Investment funds 319 161
Funds withheld at interest 46,024 48,612
Derivative assets 3,677 3,523
Short-term investments 125 222
Other investments 1,722 572
Investments, excluding investments in Related Party | Related Party    
Assets    
Available-for-sale securities 6,905 6,520
Investments, excluding investments in Related Party | U.S. government and agencies    
Assets    
Available-for-sale securities 351 351
Investments, excluding investments in Related Party | U.S. state, municipal and political subdivisions    
Assets    
Available-for-sale securities 1,006 1,033
Investments, excluding investments in Related Party | Foreign governments    
Assets    
Available-for-sale securities 382 368
Investments, excluding investments in Related Party | Corporate    
Assets    
Available-for-sale securities 58,848 58,180
Investments, excluding investments in Related Party | CLO    
Assets    
Available-for-sale securities 11,272 9,569
Investments, excluding investments in Related Party | ABS    
Assets    
Available-for-sale securities 4,832 4,270
Investments, excluding investments in Related Party | CMBS    
Assets    
Available-for-sale securities 2,206 2,169
Investments, excluding investments in Related Party | RMBS    
Assets    
Available-for-sale securities 6,627 6,913
Investments, excluding investments in Related Party | Recurring | Level 1    
Assets    
Available-for-sale securities 342 332
Trading securities, at fair value 3 3
Equity securities, at fair value 36 57
Mortgage loans 0 0
Investment funds 0 0
Derivative assets 40 58
Short-term investments 51 146
Other investments 0 0
Investments, excluding investments in Related Party | Recurring | Level 1 | Embedded derivatives    
Assets    
Funds withheld at interest 0 0
Investments, excluding investments in Related Party | Recurring | Level 1 | U.S. government and agencies    
Assets    
Available-for-sale securities 342 332
Trading securities, at fair value 3 3
Investments, excluding investments in Related Party | Recurring | Level 1 | U.S. state, municipal and political subdivisions    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 1 | Foreign governments    
Assets    
Available-for-sale securities 0 0
Investments, excluding investments in Related Party | Recurring | Level 1 | Corporate    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 1 | CLO    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value   0
Investments, excluding investments in Related Party | Recurring | Level 1 | ABS    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 1 | CMBS    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 1 | RMBS    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 2    
Assets    
Available-for-sale securities 82,969 80,656
Trading securities, at fair value 1,882 2,004
Equity securities, at fair value 272 262
Mortgage loans 0 0
Investment funds 0 0
Derivative assets 3,637 3,465
Short-term investments 66 74
Other investments 105 105
Investments, excluding investments in Related Party | Recurring | Level 2 | Embedded derivatives    
Assets    
Funds withheld at interest 0 0
Investments, excluding investments in Related Party | Recurring | Level 2 | U.S. government and agencies    
Assets    
Available-for-sale securities 9 19
Trading securities, at fair value 3 3
Investments, excluding investments in Related Party | Recurring | Level 2 | U.S. state, municipal and political subdivisions    
Assets    
Available-for-sale securities 1,006 999
Trading securities, at fair value 100 106
Investments, excluding investments in Related Party | Recurring | Level 2 | Foreign governments    
Assets    
Available-for-sale securities 380 366
Investments, excluding investments in Related Party | Recurring | Level 2 | Corporate    
Assets    
Available-for-sale securities 58,066 57,402
Trading securities, at fair value 1,486 1,577
Investments, excluding investments in Related Party | Recurring | Level 2 | CLO    
Assets    
Available-for-sale securities 11,098 9,361
Trading securities, at fair value   0
Investments, excluding investments in Related Party | Recurring | Level 2 | ABS    
Assets    
Available-for-sale securities 3,625 3,470
Trading securities, at fair value 97 93
Investments, excluding investments in Related Party | Recurring | Level 2 | CMBS    
Assets    
Available-for-sale securities 2,158 2,126
Trading securities, at fair value 57 52
Investments, excluding investments in Related Party | Recurring | Level 2 | RMBS    
Assets    
Available-for-sale securities 6,627 6,913
Trading securities, at fair value 139 173
Investments, excluding investments in Related Party | Recurring | Level 3    
Assets    
Available-for-sale securities 2,213 1,865
Trading securities, at fair value 94 86
Equity securities, at fair value 14 11
Mortgage loans 18 19
Investment funds 171 17
Derivative assets 0 0
Short-term investments 0 2
Other investments 0 0
Investments, excluding investments in Related Party | Recurring | Level 3 | Embedded derivatives    
Assets    
Funds withheld at interest 636 1,944
Investments, excluding investments in Related Party | Recurring | Level 3 | U.S. government and agencies    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 3 | U.S. state, municipal and political subdivisions    
Assets    
Available-for-sale securities 0 34
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 3 | Foreign governments    
Assets    
Available-for-sale securities 2 2
Investments, excluding investments in Related Party | Recurring | Level 3 | Corporate    
Assets    
Available-for-sale securities 782 778
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 3 | CLO    
Assets    
Available-for-sale securities 174 208
Trading securities, at fair value   4
Investments, excluding investments in Related Party | Recurring | Level 3 | ABS    
Assets    
Available-for-sale securities 1,207 800
Trading securities, at fair value 35 35
Investments, excluding investments in Related Party | Recurring | Level 3 | CMBS    
Assets    
Available-for-sale securities 48 43
Trading securities, at fair value 0 0
Investments, excluding investments in Related Party | Recurring | Level 3 | RMBS    
Assets    
Available-for-sale securities 0 0
Trading securities, at fair value 59 47
Investments, excluding investments in Related Party | Recurring | NAV    
Assets    
Investment funds 148 144
Investments, excluding investments in Related Party | Fair Value    
Assets    
Mortgage loans 17,176 15,811
Investment funds 647 642
Funds withheld at interest 45,388 46,668
Short-term investments 8  
Other investments 1,617 471
Investments, excluding investments in Related Party | Fair Value | Level 1    
Assets    
Mortgage loans 0 0
Investment funds 0 0
Funds withheld at interest 0 0
Short-term investments 0  
Other investments 0 0
Investments, excluding investments in Related Party | Fair Value | Level 2    
Assets    
Mortgage loans 0 0
Investment funds 0 0
Funds withheld at interest 0 0
Short-term investments 0  
Other investments 0 0
Investments, excluding investments in Related Party | Fair Value | Level 3    
Assets    
Mortgage loans 17,176 15,811
Investment funds 0 0
Funds withheld at interest 45,388 46,668
Short-term investments 8  
Other investments 1,617 471
Investments, excluding investments in Related Party | Fair Value | NAV    
Assets    
Investment funds 647 642
Investments, excluding investments in Related Party | Fair Value | Recurring    
Assets    
Available-for-sale securities 85,524 82,853
Trading securities, at fair value 1,979 2,093
Equity securities, at fair value 322 330
Mortgage loans 18 19
Investment funds 319 161
Funds withheld at interest 636 1,944
Derivative assets 3,677 3,523
Short-term investments 117 222
Other investments 105 105
Investments, excluding investments in Related Party | Fair Value | Recurring | Embedded derivatives    
Assets    
Funds withheld at interest 636 1,944
Investments, excluding investments in Related Party | Fair Value | Recurring | U.S. government and agencies    
Assets    
Available-for-sale securities 351 351
Trading securities, at fair value 6 6
Investments, excluding investments in Related Party | Fair Value | Recurring | U.S. state, municipal and political subdivisions    
Assets    
Available-for-sale securities 1,006 1,033
Trading securities, at fair value 100 106
Investments, excluding investments in Related Party | Fair Value | Recurring | Foreign governments    
Assets    
Available-for-sale securities 382 368
Investments, excluding investments in Related Party | Fair Value | Recurring | Corporate    
Assets    
Available-for-sale securities 58,848 58,180
Trading securities, at fair value 1,486 1,577
Investments, excluding investments in Related Party | Fair Value | Recurring | CLO    
Assets    
Available-for-sale securities 11,272 9,569
Trading securities, at fair value   4
Investments, excluding investments in Related Party | Fair Value | Recurring | ABS    
Assets    
Available-for-sale securities 4,832 4,270
Trading securities, at fair value 132 128
Investments, excluding investments in Related Party | Fair Value | Recurring | CMBS    
Assets    
Available-for-sale securities 2,206 2,169
Trading securities, at fair value 57 52
Investments, excluding investments in Related Party | Fair Value | Recurring | RMBS    
Assets    
Available-for-sale securities 6,627 6,913
Trading securities, at fair value $ 198 $ 220