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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities          
Net income (loss) $ (3,192) $ 1,806 $ (5,558) $ (5,558) $ 1,883
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of deferred acquisition costs and value of business acquired 125 230   250 394
Amortization of deferred sales inducements 0 22   0 106
Net amortization (accretion) of net investment premiums, discounts and other       155 (118)
Net investment (income) loss (related party: 2022 – $12 and 2021 – $(933))       (267) (966)
Net recognized (gains) losses on investments and derivatives (related party: 2022 – $183 and 2021 – $(159))       (4,892) 1,908
Policy acquisition costs deferred       (434) (287)
Changes in operating assets and liabilities:          
Accrued investment income (related party: 2022 – $(22) and 2021 – $(20))       (124) (105)
Interest sensitive contract liabilities (related party: 2022 – $(68) and 2021 – $188)       (1,604) 1,788
Future policy benefits and reinsurance recoverable (related party: 2022 – $76 and 2021 – $142)       3,933 1,560
Funds withheld assets (related party: 2022 – $970 and 2021 – $(187))       4,622 (90)
Other assets and liabilities       (1,139) 241
Net cash provided by operating activities       4,726 2,498
Sales, maturities and repayments of:          
Available-for-sale securities (related party: 2022 – $3,047 and 2021 – $881)       14,494 9,018
Trading securities (related party: 2022 – $79 and 2021 – $83)       105 127
Equity securities       96 42
Mortgage loans (related party: 2022 – $33 and 2021 – $0)       1,829 1,363
Investment funds (related party: 2022 – $769 and 2021 – $892)       940 946
Derivative instruments and other invested assets (related party: 2022 – $74 and 2021 – $330)       2,064 2,566
Short-term investments (related party: 2022 – $0 and 2021 – $98)       114 400
Purchases of:          
Available-for-sale securities (related party: 2022 – $(1,880) and 2021 – $(1,626))       (18,665) (17,987)
Trading securities (related party: 2022 – $(152) and 2021 – $(230))       (267) (318)
Equity securities (related party: 2022 – $(13) and 2021 – $(46))       (74) (123)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(148))       (7,832) (3,596)
Investment funds (related party: 2022 – $(3,130) and 2021 – $(923))       (3,256) (1,056)
Derivative instruments and other invested assets (related party: 2022 – $(124) and 2021 – $0)       (1,335) (2,247)
Short-term investments (related party: 2022 – $(33) and 2021 – $(100))       (271) (278)
Cash Acquired from Acquisition       393 0
Cash Divested from Deconsolidation       (365) 0
Other investing activities, net       311 (129)
Net cash used in investing activities       (11,719) (11,272)
Cash flows from financing activities          
Issuance of common stock       0 7
Proceeds from debt       0 497
Deposits on investment-type policies and contracts (related party: 2022 – $38 and 2021 – $44)       13,925 11,120
Withdrawals on investment-type policies and contracts (related party: 2022 – $(167) and 2021 – $(200))       (4,074) (3,476)
Payments for coinsurance agreements on investment-type contracts, net       (20) 0
Capital contributions from noncontrolling interests       711 320
Net change in cash collateral posted for derivative transactions and securities to repurchase       1,024 (687)
Preferred stock dividends       70 71
Payments of Ordinary Dividends, Common Stock       (1,125) 0
Repurchase of common stock       0 (4)
Other financing activities, net       384 (22)
Net cash provided by financing activities       8,707 9,058
Effect of exchange rate changes on cash and cash equivalents       (20) 0
Net increase in cash and cash equivalents       1,694 284
Cash and cash equivalents at beginning of year [1]       10,429 8,442
Cash and cash equivalents at end of period [1] $ 12,123 $ 8,726 $ 12,123 12,123 8,726
Non-cash transactions          
Deposits on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $153 and 2021 – $177)       719 449
Withdrawals on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $718 and 2021 – $819)       3,944 4,101
Assets contributed to consolidated VIEs         169
Related Party          
Adjustments to reconcile net income to net cash provided by operating activities:          
Net investment (income) loss (related party: 2022 – $12 and 2021 – $(933))       12 (933)
Net recognized (gains) losses on investments and derivatives (related party: 2022 – $183 and 2021 – $(159))       (183) 159
Changes in operating assets and liabilities:          
Accrued investment income (related party: 2022 – $(22) and 2021 – $(20))       (22) (20)
Interest sensitive contract liabilities (related party: 2022 – $(68) and 2021 – $188)       (68) 188
Future policy benefits and reinsurance recoverable (related party: 2022 – $76 and 2021 – $142)       76 142
Funds withheld assets (related party: 2022 – $970 and 2021 – $(187))       970 (187)
Sales, maturities and repayments of:          
Available-for-sale securities (related party: 2022 – $3,047 and 2021 – $881)       3,047 881
Trading securities (related party: 2022 – $79 and 2021 – $83)       79 83
Mortgage loans (related party: 2022 – $33 and 2021 – $0)       33 0
Investment funds (related party: 2022 – $769 and 2021 – $892)       769 892
Derivative instruments and other invested assets (related party: 2022 – $74 and 2021 – $330)       74 330
Short-term investments (related party: 2022 – $0 and 2021 – $98)       0 98
Purchases of:          
Available-for-sale securities (related party: 2022 – $(1,880) and 2021 – $(1,626))       (1,880) (1,626)
Trading securities (related party: 2022 – $(152) and 2021 – $(230))       (152) (230)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(148))       (364) (148)
Investment funds (related party: 2022 – $(3,130) and 2021 – $(923))       (3,130) (923)
Derivative instruments and other invested assets (related party: 2022 – $(124) and 2021 – $0)       (124) 0
Short-term investments (related party: 2022 – $(33) and 2021 – $(100))       (33) (100)
Cash flows from financing activities          
Deposits on investment-type policies and contracts (related party: 2022 – $38 and 2021 – $44)       38 44
Withdrawals on investment-type policies and contracts (related party: 2022 – $(167) and 2021 – $(200))       (167) (200)
Non-cash transactions          
Deposits on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $153 and 2021 – $177)       153 177
Withdrawals on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $718 and 2021 – $819)       718 819
Reinsurance Settlements          
Non-cash transactions          
Transfer to Investments       20 74
Pension Risk Transfer Premiums          
Non-cash transactions          
Transfer to Investments       2,510 2,765
Dividend Declared          
Non-cash transactions          
Payments of Distributions to Affiliates       $ 2,145 $ 0
[1] 1 Includes cash and cash equivalents, restricted cash and cash and cash equivalents of consolidated variable interest entities.