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Segment Information - Segment Results (Details)
$ in Millions
3 Months Ended
Mar. 31, 2024
USD ($)
segment
Mar. 31, 2023
USD ($)
Segment Reporting [Abstract]    
Number of reportable segments | segment 3  
Segment Reporting Information [Line Items]    
Fee income $ 1,998 $ 1,888
Premiums 38 25
Net investment income 734 707
Other income 1 15
Total revenues (322) (764)
Death, other policy benefits and change in policy reserves, net of deferrals 221 228
(Gain) loss from updating future policy benefits cash flow assumptions, net 11 14
Interest credited on other contract holder funds, net of deferrals and amortization 273 285
Interest expense 25 28
Operating costs and other expenses, net of deferrals 685 616
Amortization of deferred acquisition costs 278 293
Pretax income (loss) 903 (2,054)
Corporate And Reconciling Items    
Segment Reporting Information [Line Items]    
Fee income 1,207 1,105
Premiums 40 27
Net investment income 432 386
Other income 1 15
Total revenues 1,680 1,533
Death, other policy benefits and change in policy reserves, net of deferrals 160 148
(Gain) loss from updating future policy benefits cash flow assumptions, net 9 14
Interest credited on other contract holder funds, net of deferrals and amortization 273 285
Interest expense 25 28
Operating costs and other expenses, net of deferrals 685 616
Amortization of deferred acquisition costs 139 140
Pretax income (loss) 389 302
Operating Segments    
Segment Reporting Information [Line Items]    
Total operating benefits and expenses 1,291 1,231
Operating Segments | Retail Annuities    
Segment Reporting Information [Line Items]    
Fee income 1,083 975
Premiums 10 4
Net investment income 152 115
Other income 8 9
Total revenues 1,253 1,103
Death, other policy benefits and change in policy reserves, net of deferrals 16 (15)
(Gain) loss from updating future policy benefits cash flow assumptions, net 1 (2)
Interest credited on other contract holder funds, net of deferrals and amortization 88 98
Interest expense 6 6
Operating costs and other expenses, net of deferrals 586 522
Amortization of deferred acquisition costs 137 138
Total operating benefits and expenses 834 747
Pretax income (loss) 419 356
Operating Segments | Institutional Products    
Segment Reporting Information [Line Items]    
Fee income 0 0
Premiums 0 0
Net investment income 113 86
Other income 0 0
Total revenues 113 86
Death, other policy benefits and change in policy reserves, net of deferrals 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0
Interest credited on other contract holder funds, net of deferrals and amortization 81 76
Interest expense 0 0
Operating costs and other expenses, net of deferrals 1 1
Amortization of deferred acquisition costs 0 0
Total operating benefits and expenses 82 77
Pretax income (loss) 31 9
Operating Segments | Closed Life and Annuity Blocks    
Segment Reporting Information [Line Items]    
Fee income 112 117
Premiums 30 23
Net investment income 163 167
Other income 7 4
Total revenues 312 311
Death, other policy benefits and change in policy reserves, net of deferrals 144 163
(Gain) loss from updating future policy benefits cash flow assumptions, net 8 16
Interest credited on other contract holder funds, net of deferrals and amortization 104 111
Interest expense 0 0
Operating costs and other expenses, net of deferrals 35 39
Amortization of deferred acquisition costs 2 2
Total operating benefits and expenses 293 331
Pretax income (loss) 19 (20)
Corporate and Other    
Segment Reporting Information [Line Items]    
Fee income 12 13
Premiums 0 0
Net investment income 4 18
Other income (14) 2
Total revenues 2 33
Death, other policy benefits and change in policy reserves, net of deferrals 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0
Interest credited on other contract holder funds, net of deferrals and amortization 0 0
Interest expense 19 22
Operating costs and other expenses, net of deferrals 63 54
Amortization of deferred acquisition costs 0 0
Total operating benefits and expenses 82 76
Pretax income (loss) (80) (43)
Intersegment eliminations    
Segment Reporting Information [Line Items]    
Total revenues $ (19) $ 18