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Fair Value of Assets and Liabilities - Rollforward of level 3 assets and liabilities held at fair value (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Assets      
Balance at beginning of period $ 738 $ 697 $ 837
Total gains (losses) included in: net income 0 30 37
Total gains (losses) included in: OCI (12) 6 (6)
Transfers into Level 3 128 158 79
Transfers out of Level 3 (116) (330) (325)
Purchases 240 375 367
Sales (95) (173) (208)
Issues 0 0 0
Settlements (51) (25) (84)
Balance at end of period 832 738 697
Liabilities      
Balance at beginning of period (462) (224) (286)
Total gains (losses) included in: net income (43) (61) 58
Total gains (losses) included in: OCI 0 0 0
Transfers into Level 3 0 (175) 0
Transfers out of Level 3 0 0 0
Purchases 0 0 0
Sales 0 0 0
Issues (34) (16) (2)
Settlements 23 14 6
Balance at end of period (516) (462) (224)
Fair value assets and liabilities measured on recurring basis, gain (loss) included in earnings      
Gain (loss) included in earnings (43) (31) 95
Net investment income      
Assets      
Total gains (losses) included in: net income (23) (2) 0
Realized capital gains (losses)      
Assets      
Total gains (losses) included in: net income 23 32 37
Life contract benefits      
Assets      
Total gains (losses) included in: net income (1) 7 (5)
Interest credited to contractholder funds      
Assets      
Total gains (losses) included in: net income (42) (68) 63
Contractholder funds: Derivatives embedded in life and annuity contracts      
Liabilities      
Balance at beginning of period (462) (224) (286)
Total gains (losses) included in: net income (43) (61) 58
Total gains (losses) included in: OCI 0 0 0
Transfers into Level 3 0 (175) 0
Transfers out of Level 3 0 0 0
Purchases 0 0 0
Sales 0 0 0
Issues (34) (16) (2)
Settlements 23 14 6
Balance at end of period (516) (462) (224)
Municipal      
Assets      
Balance at beginning of period 62 70 101
Total gains (losses) included in: net income 1 1 1
Total gains (losses) included in: OCI 2 4 (2)
Transfers into Level 3 20 0 0
Transfers out of Level 3 (11) (5) (26)
Purchases 0 0 10
Sales (4) (5) (8)
Issues 0 0 0
Settlements (3) (3) (6)
Balance at end of period 67 62 70
Corporate - public      
Assets      
Balance at beginning of period 61 70 108
Total gains (losses) included in: net income (1) 0 0
Total gains (losses) included in: OCI 1 3 (3)
Transfers into Level 3 2 30 17
Transfers out of Level 3 0 (113) (21)
Purchases 55 86 10
Sales (19) (11) (38)
Issues 0 0 0
Settlements (1) (4) (3)
Balance at end of period 98 61 70
Corporate - privately placed      
Assets      
Balance at beginning of period 114 90 224
Total gains (losses) included in: net income 2 (1) (1)
Total gains (losses) included in: OCI (12) 2 (3)
Transfers into Level 3 52 43 20
Transfers out of Level 3 (31) (2) (119)
Purchases 25 4 22
Sales (17) (13) (5)
Issues 0 0 0
Settlements (3) (9) (48)
Balance at end of period 130 114 90
ABS      
Assets      
Balance at beginning of period 65 69 147
Total gains (losses) included in: net income 0 1 0
Total gains (losses) included in: OCI (1) (1) 2
Transfers into Level 3 54 76 42
Transfers out of Level 3 (49) (210) (159)
Purchases 48 159 160
Sales (32) (22) (97)
Issues 0 0 0
Settlements (28) (7) (26)
Balance at end of period 57 65 69
MBS      
Assets      
Balance at beginning of period 40 26 26
Total gains (losses) included in: net income 1 0 0
Total gains (losses) included in: OCI (2) (2) 0
Transfers into Level 3 0 9 0
Transfers out of Level 3 0 0 0
Purchases 11 9 1
Sales (7) 0 0
Issues 0 0 0
Settlements (16) (2) (1)
Balance at end of period 27 40 26
Fixed income securities      
Assets      
Balance at beginning of period 342 325 606
Total gains (losses) included in: net income 3 1 0
Total gains (losses) included in: OCI (12) 6 (6)
Transfers into Level 3 128 158 79
Transfers out of Level 3 (91) (330) (325)
Purchases 139 258 203
Sales (79) (51) (148)
Issues 0 0 0
Settlements (51) (25) (84)
Balance at end of period 379 342 325
Equity securities      
Assets      
Balance at beginning of period 371 341 210
Total gains (losses) included in: net income (3) 30 37
Total gains (losses) included in: OCI 0 0 0
Transfers into Level 3 0 0 0
Transfers out of Level 3 0 0 0
Purchases 66 82 109
Sales (16) (82) (15)
Issues 0 0 0
Settlements 0 0 0
Balance at end of period 418 371 341
Short-term investments      
Assets      
Balance at beginning of period 25 30 20
Total gains (losses) included in: net income 0 0 0
Total gains (losses) included in: OCI 0 0 0
Transfers into Level 3 0 0 0
Transfers out of Level 3 (25) 0 0
Purchases 35 35 55
Sales 0 (40) (45)
Issues 0 0 0
Settlements 0 0 0
Balance at end of period 35 25 30
Free-standing derivatives, net      
Assets      
Balance at beginning of period $ 0 1 1
Total gains (losses) included in: net income   (1) 0
Total gains (losses) included in: OCI   0 0
Transfers into Level 3   0 0
Transfers out of Level 3   0 0
Purchases   0 0
Sales   0 0
Issues   0 0
Settlements   0 0
Balance at end of period   $ 0 $ 1