Separate Account Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

Insurance [Abstract]

Aggregate fair value of separate account assets, by major asset category

Aggregate fair value of separate account assets, by major asset category, consisted of the following:

	March 31, 2023		December 31, 2022
	(in millions)
Mutual funds	$	72,844	$	70,876
Property/Real estate	1,894		1,876
Equity securities	706		679
Debt securities	308		279
Cash and cash equivalents	136		208
Other	53		44
Total	$	75,941	$	73,962

Balances of and changes in separate account liabilities

The balances of and changes in separate account liabilities were as follows:

	Variable Annuities		Variable Universal Life		Threadneedle Investment Liabilities		Total
	(in millions)
Balance at January 1, 2023	$	63,223	$	7,653	$	3,086	$	73,962
Premiums and deposits	204		111		68		383
Policy charges	(331)		(71)		(2)		(404)
Surrenders and other benefits	(1,250)		(71)		(185)		(1,506)
Investment return	2,963		407		69		3,439
Net transfer from (to) general account	5		1		—		6
Other charges	—		—		61		61
Balance at March 31, 2023	$	64,814	$	8,030	$	3,097	$	75,941
Cash surrender value	$	63,086	$	7,560	$	3,097	$	73,743

	Variable Annuities		Variable Universal Life		Threadneedle Investment Liabilities		Total
	(in millions)
Balance at January 1, 2022	$	82,862	$	9,376	$	5,253	$	97,491
Premiums and deposits	1,067		425		252		1,744
Policy charges	(1,396)		(278)		(11)		(1,685)
Surrenders and other benefits	(4,923)		(286)		(1,548)		(6,757)
Investment return	(14,450)		(1,654)		(273)		(16,377)
Net transfer from (to) general account	63		70		—		133
Other charges	—		—		(587)		(587)
Balance at December 31, 2022	$	63,223	$	7,653	$	3,086	$	73,962
Cash surrender value	$	61,461	$	7,200	$	3,086	$	71,747