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Liability for Future Policy Benefit (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Net liability for future policy benefits:      
Net life policy reserves $ 3,013   $ 3,068
Life policy reserves:      
Net liability for future policy benefits:      
Net life policy reserves 1,571   1,597
Term Life Insurance | Life policy reserves:      
Present value of expected net premiums:      
Balance, beginning of period 1,700 $ 1,643  
Beginning balance at original discount rate 1,712 1,708  
Effect of changes in cash flow assumptions 0 0  
Effect of changes in cash flow assumptions (9) (3)  
Adjusted beginning of period balance 1,703 1,705  
Issuances 35 38  
Interest accrual 18 18  
Net premiums collected (46) (46)  
Ending balance at original discount rate 1,710 1,715  
Effect of changes in discount rate assumptions (50) (16)  
Balance, end of period 1,660 1,699  
Present value of expected future policy benefits:      
Balance, beginning of period 2,751 2,584  
Effect of changes in cash flow assumptions 2,765 2,692  
Effect of changes in cash flow assumptions 0 0  
Effect of changes in cash flow assumptions (14) (2)  
Adjusted beginning of period balance 2,751 2,690  
Issuances 35 38  
Interest accrual 31 30  
Benefits paid (37) (46)  
Ending balance at original discount rate 2,780 2,712  
Effect of changes in discount rate assumptions (82) (21)  
Balance, end of period 2,698 2,691  
Net liability for future policy benefits:      
Present value of expected future policy benefits less expected net premiums 1,038 992  
Impact of flooring at cohort level 16 19  
Net life policy reserves 1,054 1,011 1,066
Less reinsurance recoverable at original discount rate (100) (96)  
Less effect of discount rate assumption changes on reinsurance recoverable (8) (10)  
Net life policy reserves, after reinsurance recoverable $ 946 $ 905  
Weighted-average duration of the net life policy reserves in years 11 years 12 years  
Whole Life Insurance | Life policy reserves:      
Present value of expected net premiums:      
Balance, beginning of period $ 223 $ 208  
Beginning balance at original discount rate 225 217  
Effect of changes in cash flow assumptions 0 0  
Effect of changes in cash flow assumptions 0 1  
Adjusted beginning of period balance 225 218  
Issuances 5 7  
Interest accrual 2 2  
Net premiums collected (7) (7)  
Ending balance at original discount rate 225 220  
Effect of changes in discount rate assumptions (6) (3)  
Balance, end of period 219 217  
Present value of expected future policy benefits:      
Balance, beginning of period 657 614  
Effect of changes in cash flow assumptions 628 607  
Effect of changes in cash flow assumptions 0 0  
Effect of changes in cash flow assumptions 0 1  
Adjusted beginning of period balance 628 608  
Issuances 5 6  
Interest accrual 8 8  
Benefits paid (8) (8)  
Ending balance at original discount rate 633 614  
Effect of changes in discount rate assumptions 4 30  
Balance, end of period 637 644  
Net liability for future policy benefits:      
Present value of expected future policy benefits less expected net premiums 418 427  
Impact of flooring at cohort level 0 0  
Net life policy reserves 418 427 $ 434
Less reinsurance recoverable at original discount rate (24) (25)  
Less effect of discount rate assumption changes on reinsurance recoverable (4) (6)  
Net life policy reserves, after reinsurance recoverable $ 390 $ 396  
Weighted-average duration of the net life policy reserves in years 16 years 16 years