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Liability for Future Policy Benefit (Details) - Life Policy Reserves - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Term Life Insurance      
Present value of expected net premiums:      
Balance, beginning of period $ 1,643 $ 1,801 $ 1,935
Beginning balance at original discount rate 1,708 1,503 1,503
Effect of changes in cash flow assumptions (7) 123 (177)
Effect of actual variances from expected experience (20) (1) 28
Adjusted beginning of period balance 1,681 1,625 1,354
Issuances 143 194 248
Interest accrual 72 65 62
Net premiums collected (184) (176) (161)
Ending balance at original discount rate 1,712 1,708 1,503
Effect of changes in discount rate assumptions (12) (65) 298
Balance, end of period 1,700 1,643 1,801
Present value of expected future policy benefits:      
Balance, beginning of period 2,584 2,993 3,222
Beginning balance at original discount rate 2,692 2,425 2,418
Effect of changes in cash flow assumptions 2 140 (181)
Effect of actual variances from expected experience (24) 8 31
Adjusted beginning of period balance 2,670 2,573 2,268
Issuances 143 194 248
Interest accrual 121 112 109
Benefits paid (169) (187) (200)
Ending balance at original discount rate 2,765 2,692 2,425
Effect of changes in discount rate assumptions (14) (108) 568
Balance, end of period 2,751 2,584 2,993
Net liability for future policy benefits:      
Present value of expected future policy benefits less expected net premiums 1,051 941 1,192
Impact of flooring at cohort level 15 20 14
Net life policy reserves 1,066 961 1,206
Less reinsurance recoverable at original discount rate (97) (99) (107)
Less effect of discount rate assumption changes on reinsurance recoverable (10) (9) (19)
Net life policy reserves, after reinsurance recoverable $ 959 $ 853 $ 1,080
Weighted-average duration of the net life policy reserves 11 years 11 years 12 years
Whole Life Insurance      
Present value of expected net premiums:      
Balance, beginning of period $ 208 $ 241 $ 234
Beginning balance at original discount rate 217 201 182
Effect of changes in cash flow assumptions (7) (5) (3)
Effect of actual variances from expected experience 3 0 2
Adjusted beginning of period balance 213 196 181
Issuances 31 40 39
Interest accrual 9 8 8
Net premiums collected (28) (27) (27)
Ending balance at original discount rate 225 217 201
Effect of changes in discount rate assumptions (2) (9) 40
Balance, end of period 223 208 241
Present value of expected future policy benefits:      
Balance, beginning of period 614 826 843
Beginning balance at original discount rate 607 577 545
Effect of changes in cash flow assumptions (10) (7) (4)
Effect of actual variances from expected experience 3 (1) 2
Adjusted beginning of period balance 600 569 543
Issuances 30 40 39
Interest accrual 31 29 29
Benefits paid (33) (31) (34)
Ending balance at original discount rate 628 607 577
Effect of changes in discount rate assumptions 29 7 249
Balance, end of period 657 614 826
Net liability for future policy benefits:      
Present value of expected future policy benefits less expected net premiums 434 406 585
Impact of flooring at cohort level 0 2 0
Net life policy reserves 434 408 585
Less reinsurance recoverable at original discount rate (23) (25) (27)
Less effect of discount rate assumption changes on reinsurance recoverable (5) (5) (15)
Net life policy reserves, after reinsurance recoverable $ 406 $ 378 $ 543
Weighted-average duration of the net life policy reserves 16 years 16 years 18 years