XML 90 R78.htm IDEA: XBRL DOCUMENT v3.24.1.u1
POLICYHOLDER ACCOUNT BALANCES - Balances and Changes in Policyholders' Account Balances (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Policyholder Account Balance [Roll Forward]    
Interest credited $ 298 $ 435
Universal Life    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 5,202  
Balance, end of period 5,163  
Universal Life | Protection Solutions    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 5,202 5,341
Issuances 0 0
Premiums received 166 183
Policy charges (182) (194)
Surrenders and withdrawals (20) (18)
Benefit payments (58) (76)
Net transfers from (to) separate account 0 0
Interest credited 55 55
Other 0 0
Balance, end of period $ 5,163 $ 5,291
Weighted-average crediting rate 3.79% 3.64%
Net amount at risk $ 34,991 $ 37,031
Cash surrender value 3,405 3,475
Variable Universal Life    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 4,145  
Balance, end of period 4,156  
Variable Universal Life | Protection Solutions    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 4,145 4,253
Issuances 0 0
Premiums received 22 33
Policy charges (54) (55)
Surrenders and withdrawals (20) (1)
Benefit payments (18) (38)
Net transfers from (to) separate account 35 (57)
Interest credited 46 46
Other 0 0
Balance, end of period $ 4,156 $ 4,181
Weighted-average crediting rate 3.76% 3.86%
Net amount at risk $ 82,513 $ 83,830
Cash surrender value 2,633 2,758
GMxB Legacy    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 618  
Balance, end of period 617  
GMxB Legacy | Legacy Segment    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 618 688
Issuances 0 0
Premiums received 19 20
Policy charges 19 19
Surrenders and withdrawals (22) (25)
Benefit payments (24) (24)
Net transfers from (to) separate account 1 0
Interest credited 6 7
Other 0 0
Balance, end of period $ 617 $ 685
Weighted-average crediting rate 2.71% 1.78%
Net amount at risk $ 19,673 $ 21,472
Cash surrender value 550 957
GMxB Core | Individual Retirement    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period (5) 42
Issuances 0 0
Premiums received 10 16
Policy charges (2) (3)
Surrenders and withdrawals (8) (8)
Benefit payments 0 (1)
Net transfers from (to) separate account (8) (22)
Interest credited 1 1
Other 0 0
Balance, end of period $ (12) $ 25
Weighted-average crediting rate 1.36% 1.05%
Net amount at risk $ 2,762 $ 3,278
Cash surrender value 210 252
SCS    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 40,649  
Balance, end of period 42,782  
SCS | Individual Retirement    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 40,649 35,460
Issuances 0 0
Premiums received 3 0
Policy charges (2) (1)
Surrenders and withdrawals (922) (606)
Benefit payments (65) (59)
Net transfers from (to) separate account 541 950
Interest credited 2,578 1,597
Other 0 0
Balance, end of period 42,782 $ 37,341
Weighted-average crediting rate   1.12%
Net amount at risk 0 $ 42
Cash surrender value 39,762 34,078
EQUI-VEST Individual    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 2,322  
Balance, end of period 2,241  
EQUI-VEST Individual | Individual Retirement    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 2,322 2,652
Issuances 0 0
Premiums received 7 11
Policy charges 0 0
Surrenders and withdrawals (91) (94)
Benefit payments (15) (20)
Net transfers from (to) separate account 2 3
Interest credited 16 19
Other 0 3
Balance, end of period $ 2,241 $ 2,574
Weighted-average crediting rate 2.98% 3.09%
Net amount at risk $ 104 $ 128
Cash surrender value 2,235 2,567
EQUI-VEST Group    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 11,563  
Balance, end of period 11,430  
EQUI-VEST Group | Group Retirement    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 11,563 12,046
Issuances 0 0
Premiums received 151 148
Policy charges (1) (1)
Surrenders and withdrawals (443) (406)
Benefit payments (17) (17)
Net transfers from (to) separate account 81 69
Interest credited 96 102
Other 0 11
Balance, end of period $ 11,430 $ 11,952
Weighted-average crediting rate 2.65% 2.99%
Net amount at risk $ 6 $ 58
Cash surrender value 11,368 11,871
Momentum    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 608  
Balance, end of period 590  
Momentum | Group Retirement    
Policyholder Account Balance [Roll Forward]    
Balance, beginning of period 608 703
Issuances 0 0
Premiums received 18 19
Policy charges 0 0
Surrenders and withdrawals (30) (30)
Benefit payments (1) (2)
Net transfers from (to) separate account (8) (9)
Interest credited 3 3
Other 0 0
Balance, end of period $ 590 $ 684
Weighted-average crediting rate 2.33% 2.03%
Net amount at risk $ 0 $ 0
Cash surrender value $ 591 $ 684