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Future Contract Benefits - Summary of Changes in Present Values of Expected Net Premiums and LFPB (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Present Value of Expected LFPB        
Net balance as of end-of-period $ 38,848   $ 39,864  
Payout Annuities        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year 0 $ 0    
Beginning balance at original discount rate 0 0    
Effect of actual variances from expected experience     0 $ 0
Adjusted balance as of beginning-of-year 0 0    
Issuances 0 0    
Interest accrual 0 0    
Net premiums collected 0 0    
Flooring impact of LFPB 0 0    
Ending balance at original discount rate 0 0    
Effect of cumulative changes in discount rate assumptions 0 0    
Balance as of end-of-period 0 0    
Present Value of Expected LFPB        
Balance as of beginning-of-year 2,085 2,004    
Beginning balance of original discount rate 2,272 2,267    
Effect of actual variances from expected experience     1 (1)
Adjusted balance as of beginning-of-year 2,273 2,266    
Issuances 15 27    
Interest accrual 22 21    
Benefit payments (49) (46)    
Ending balance of original discount rate 2,261 2,268    
Effect of cumulative changes in discount rate assumptions (227) (200)    
Balance as of end-of-period 2,034 2,068    
Net balance as of end-of-period 2,034 2,068 2,085  
Less: reinsurance recoverables 1,562 3    
Net balance as of end-of-period, net of reinsurance $ 472 $ 2,065    
Weighted-average duration of future policyholder benefit liability 9 years 9 years    
Deferred profit liability $ 60 $ 43    
Payout Annuities | Cumulative Effect, Period of Adoption, Adjustment        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year 0 0    
Present Value of Expected LFPB        
Balance as of beginning-of-year (187) (263)    
Traditional Life        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year 6,200 6,063    
Beginning balance at original discount rate 6,348 6,645    
Effect of actual variances from expected experience     2 (241)
Adjusted balance as of beginning-of-year 6,350 6,404    
Issuances 108 176    
Interest accrual 63 60    
Net premiums collected (202) (203)    
Flooring impact of LFPB 3 2    
Ending balance at original discount rate 6,322 6,439    
Effect of cumulative changes in discount rate assumptions (254) (230)    
Balance as of end-of-period 6,068 6,209    
Present Value of Expected LFPB        
Balance as of beginning-of-year 10,041 9,572    
Beginning balance of original discount rate 10,230 10,357    
Effect of actual variances from expected experience     7 (251)
Adjusted balance as of beginning-of-year 10,237 10,106    
Issuances 108 177    
Interest accrual 100 95    
Benefit payments (206) (186)    
Ending balance of original discount rate 10,239 10,192    
Effect of cumulative changes in discount rate assumptions (378) (302)    
Balance as of end-of-period 9,861 9,890    
Net balance as of end-of-period 3,793 3,681 3,841  
Less: reinsurance recoverables 421 520    
Net balance as of end-of-period, net of reinsurance $ 3,372 $ 3,161    
Weighted-average duration of future policyholder benefit liability 9 years 10 years    
Traditional Life | Cumulative Effect, Period of Adoption, Adjustment        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year $ (148) $ (582)    
Present Value of Expected LFPB        
Balance as of beginning-of-year (189) (785)    
Group Protection        
Present Value of Expected Net Premiums        
Effect of cumulative changes in discount rate assumptions     (490) (597)
Present Value of Expected LFPB        
Balance as of beginning-of-year 5,689 5,462    
Beginning balance of original discount rate 6,179 6,059    
Effect of actual variances from expected experience     (67) (100)
Adjusted balance as of beginning-of-year 6,112 5,959    
Issuances 408 437    
Interest accrual 48 42    
Benefit payments (382) (377)    
Ending balance of original discount rate 6,186 6,061    
Effect of cumulative changes in discount rate assumptions (546) (569)    
Balance as of end-of-period 5,640 5,492    
Net balance as of end-of-period 5,640   5,689  
Less: reinsurance recoverables 123 126    
Net balance as of end-of-period, net of reinsurance $ 5,517 $ 5,366    
Weighted-average duration of future policyholder benefit liability 5 years 4 years    
UL and Other        
Present Value of Expected Net Premiums        
Effect of cumulative changes in discount rate assumptions $ (3,083) $ (669) (2,222) (905)
Present Value of Expected LFPB        
Balance as of beginning-of-year 15,000 14,818    
Balance as of beginning-of-year, excluding shadow balance in AOCI 17,222 15,723    
Effect of actual variances from expected experience     106 $ (9)
Adjusted balance as of beginning-of-year 17,328 15,714    
Interest accrual 209 186    
Net assessments collected 303 336    
Benefit payments (313) (183)    
Balance as of end-of-year, excluding shadow balance in AOCI 17,527 16,053    
Balance as of end-of-period 14,444 15,384    
Net balance as of end-of-period 14,444   $ 15,000  
Less: reinsurance recoverables 4,776 862    
Net balance as of end-of-period, net of reinsurance $ 9,668 $ 14,522    
Weighted-average duration of future policyholder benefit liability 17 years 17 years