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Fair Value of Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities that are measured at fair value on a recurring and non-recurring basis
Assets and liabilities measured at fair value
September 30, 2022
($ in millions)Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Counterparty and cash collateral nettingTotal
Assets     
Fixed income securities:     
U.S. government and agencies$8,424 $20 $—  $8,444 
Municipal— 6,010 19  6,029 
Corporate - public— 16,751 68  16,819 
Corporate - privately placed— 7,842 71 7,913 
Foreign government— 890 —  890 
ABS— 1,572 48 1,620 
Total fixed income securities8,424 33,085 206  41,715 
Equity securities4,092 304 327 
 
4,723 
Short-term investments928 3,096 6  4,030 
Other investments— 107 2 $(59)50 
Other assets14 — 104  118 
Total recurring basis assets13,458 36,592 645 (59)50,636 
Non-recurring basis
— — 23  23 
Total assets at fair value$13,458 $36,592 $668 $(59)$50,659 
% of total assets at fair value26.6 %72.2 %1.3 %(0.1)%100.0 %
Investments reported at NAV1,318 
Total$51,977 
Liabilities     
Other liabilities$(9)$(32)$— $(7)$(48)
Total recurring basis liabilities(9)(32)— (7)(48)
Total liabilities at fair value$(9)$(32)$— $(7)$(48)
% of total liabilities at fair value18.7 %66.7 %— %14.6 %100.0 %
Assets and liabilities measured at fair value
December 31, 2021
($ in millions)Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Counterparty and cash collateral nettingTotal
Assets     
Fixed income securities:     
U.S. government and agencies$6,247 $26 $—  $6,273 
Municipal— 6,375 18  6,393 
Corporate - public— 16,569 20  16,589 
Corporate - privately placed— 10,675 66 10,741 
Foreign government— 985 —  985 
ABS— 1,115 40 1,155 
Total fixed income securities6,247 35,745 144  42,136 
Equity securities6,312 400 349 
 
7,061 
Short-term investments1,140 2,864 5 
 
4,009 
Other investments— 34 2 $(22)14 
Other assets1 — 65  66 
Total recurring basis assets13,700 39,043 565 (22)53,286 
Non-recurring basis— — 32  32 
Total assets at fair value$13,700 $39,043 $597 $(22)$53,318 
% of total assets at fair value25.7 %73.2 %1.1 %— %100.0 %
Investments reported at NAV1,531 
Total$54,849 
Liabilities     
Other liabilities$(3)$(12)$— $7 $(8)
Total recurring basis liabilities(3)(12)— 7 (8)
Total liabilities at fair value$(3)$(12)$— $7 $(8)
% of total liabilities at fair value37.5 %150.0 %— %(87.5)%100.0 %
Quantitative information about the significant unobservable inputs used in Level 3 fair value measurements (1)
September 30, 2021
($ in millions)Fair valueValuation
technique		Unobservable
input		RangeWeighted
average
Derivatives embedded in life and annuity contracts – Equity-indexed and forward starting options$(455)Stochastic cash flow modelProjected option cost
1.0 - 4.2%
2.90%
(1) These were included in the liabilities held for sale as of September 30, 2021.
Schedule of the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended September 30, 2022
Balance as of
 June 30, 2022		Total gains (losses) included in: Transfers Balance as of
 September 30, 2022
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$18 $— $— $2 $(1)$— $— $— $— $19 
Corporate - public77 — (2)— — — (7)— — 68 
Corporate - privately placed73 1 1 — — 18 (22)— — 71 
ABS18 — — — — 30 — — — 48 
Total fixed income securities186 1 (1)2 (1)48 (29)— — 206 
Equity securities372 (16)— — — 8 (37)— — 327 
Short-term investments8 — — — — — — — (2)6 
Other investments2 — — — — — — — — 2 
Other assets108 (4)— — — — — — — 104 
Total recurring Level 3 assets676 (19)(1)2 (1)56 (66)— (2)645 
Liabilities
Total recurring Level 3 liabilities$— $— $— $— $— $— $— $— $— $— 
Rollforward of Level 3 assets and liabilities held at fair value during the nine month period ended September 30, 2022
Balance as of
 December 31, 2021		Total gains (losses) included in: Transfers Balance as of
 September 30, 2022
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$18 $— $1 $2 $— $— $— $— $(2)$19 
Corporate - public20 — (6)— — 66 (10)— (2)68 
Corporate - privately placed66 20 (1)— — 32 (46)— — 71 
ABS40 1 — — (28)37 — — (2)48 
Total fixed income securities144 21 (6)2 (28)135 (56)— (6)206 
Equity securities349 13 — — — 10 (45)— — 327 
Short-term investments5 — — — — 23 — — (22)6 
Other investments2 — — — — — — — — 2 
Other assets 65 39 — — — — — — — 104 
Total recurring Level 3 assets565 73 (6)2 (28)168 (101)— (28)645 
Liabilities
Total recurring Level 3 liabilities$— $— $— $— $— $— $— $— $— $— 
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended September 30, 2021
Balance as of
 June 30, 2021		Total gains (losses) included in: Transfers Transfers to (from) held for saleBalance as of
 September 30, 2021
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$18 $— $(1)$— $— $— $— $— $— $— $17 
Corporate - public20 — — — — (1)— — — — 19 
Corporate - privately placed84 1 1 — (22)(2)104 (7)— (5)154 
ABS33 — — 1 — — 5 — — (30)9 
Total fixed income securities155 1 — 1 (22)(3)109 (7)— (35)199 
Equity securities405 31 — — — — 27 (87)— — 376 
Short-term investments— — — — — — 14 — — — 14 
Other investments3 — — — — — — (1)— — 2 
Assets held for sale164 1 — — (20)3 — — — (2)146 
Total recurring Level 3 assets727 33 — 1 (42)— 150 (95)— (37)737 
Liabilities
Liabilities held for sale(490)15 — — — — — — (9)5 (479)
Total recurring Level 3 liabilities$(490)$15 $— $— $— $— $— $— $(9)$5 $(479)
Rollforward of Level 3 assets and liabilities held at fair value during the nine month period ended September 30, 2021
Balance as of
 December 31, 2020		Total gains (losses) included in: Transfers Transfers to (from) held for saleBalance as of
 September 30, 2021
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$17 $— $— $— $— $— $3 $— $— $(3)$17 
Corporate - public67 1 (2)— — (7)13 (53)— — 19 
Corporate - privately placed63 — 2 8 — 14 103 (31)— (5)154 
ABS79 1 — — (32)— 57 (42)— (54)9 
Total fixed income securities226 2 — 8 (32)7 176 (126)— (62)199 
Equity securities304 63 — — — 101 40 (132)— — 376 
Short-term investments35 — — — — — 14 — — (35)14 
Other investments— — — — — — 3 (1)— — 2 
Assets held for sale267 3 — 5 (13)(108)3 (6)— (5)146 
Total recurring Level 3 assets832 68 — 13 (45)— 236 (265)— (102)737 
Liabilities
Liabilities held for sale(516)46 — — — — — — (25)16 (479)
Total recurring Level 3 liabilities$(516)$46 $— $— $— $— $— $— $(25)$16 $(479)
Total Level 3 gains (losses) included in net income
Three months ended September 30,Nine months ended September 30,
($ in millions)2022202120222021
Net investment income$4 $6 $17 $(1)
Net gains (losses) on investments and derivatives(23)26 56 66 
Schedule of gains and losses included in net income for Level 3 assets and liabilities still held at the balance sheet date
Valuation changes included in net income and OCI for Level 3 assets and liabilities held as of September 30,
($ in millions)Three months ended September 30,Nine months ended September 30,
2022202120222021
Assets    
Municipal$— $1 $— $— 
Corporate - privately placed1 — 1 — 
Total fixed income securities1 1 1 — 
Equity securities$(16)$9 $11 $22 
Other assets(4)— 39 — 
Assets held for sale— 1 — 3 
Total recurring Level 3 assets$(19)$11 $51 $25 
Liabilities    
Liabilities held for sale$— $15 $— $46 
Total recurring Level 3 liabilities— 15 — 46 
Total included in net income$(19)$26 $51 $71 
Components of net income
Net investment income$3 $6 $16 $(1)
Net gains (losses) on investments and derivatives(22)4 35 23 
Total included in net income$(19)$10 $51 $22 
Assets
Municipal$— $(1)$1 $— 
Corporate - public(3)— (6)(1)
Corporate - privately placed(1)1 (2)1 
Total recurring Level 3 assets$(4)$— $(7)$— 
Changes in unrealized net capital gains and losses reported in OCI$(4)$— $(7)$— 
Schedule of carrying values and fair value estimates of financial instruments not carried at fair value
Financial instruments not carried at fair value
($ in millions)September 30, 2022December 31, 2021
Financial assetsFair value levelAmortized cost, net
Fair
value
Amortized cost, net
Fair
value
Mortgage loansLevel 3$833 $779 $821 $853 
Bank loansLevel 3748 738 1,574 1,634 
Financial liabilitiesFair value level
Carrying value (1)
Fair
value
Carrying value (1)
Fair
value
Contractholder funds on investment contractsLevel 3$52 $52 $55 $55 
Long-term debtLevel 27,967 7,383 7,976 9,150 
Liability for collateralLevel 22,201 2,201 1,444 1,444 
(1)Represents the amounts reported on the Condensed Consolidated Statements of Financial Position.