Separate Account Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2023		December 31, 2022
	(in millions)
Mutual funds	$	73,888	$	70,876
Property/Real estate	1,915		1,876
Equity securities	561		679
Debt securities	299		279
Cash and cash equivalents	162		208
Other	49		44
Total	$	76,874	$	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	421		224		97		742
Policy charges	(665)		(145)		(4)		(814)
Surrenders and other benefits	(2,579)		(159)		(443)		(3,181)
Investment return	5,123		763		101		5,987
Net transfer from (to) general account	9		20		—		29
Other charges	—		—		149		149
Balance at June 30, 2023	$	65,532	$	8,356	$	2,986	$	76,874
Cash surrender value	$	63,850	$	7,866	$	2,986	$	74,702

	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