Prudential Financial (PRU) 10-K16 Feb 232022 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	001-16707
Entity Registrant Name	Prudential Financial, Inc.
Entity Central Index Key	0001137774
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-3703799
Entity Address, Address Line One	751 Broad Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	802-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		366,000,000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 35,650,000,000
ICFR Auditor Attestation Flag	true
Current Fiscal Year End Date	--12-31
Common Class A
Document Information [Line Items]
Title of 12(b) Security	Common Stock, Par Value $.01
Trading Symbol	PRU
Security Exchange Name	NYSE
5.950% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security	5.950% Junior Subordinated Notes
Trading Symbol	PRH
Security Exchange Name	NYSE
5.625% Junior Subordinated Notes [Member]
Document Information [Line Items]
Title of 12(b) Security	5.625% Junior Subordinated Notes
Trading Symbol	PRS
Security Exchange Name	NYSE
4.125% Junior Subordinated Note [Domain]
Document Information [Line Items]
Title of 12(b) Security	4.125% Junior Subordinated Notes
Trading Symbol	PFH
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	New York, New York
Auditor Firm ID	238

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
ASSETS
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2022-$138; 2021-$114) (amortized cost: 2022-$335,447; 2021-$333,459)(1)	[1]	$ 307,719	$ 372,410
Fixed maturities, held-to-maturity, at amortized cost, net of allowance for credit losses (allowance for credit losses: 2022-$2; 2021-$5) (fair value: 2022-$1,455; 2021-$1,803)	[1]	1,296	1,514
Fixed maturities, trading, at fair value (amortized cost: 2022-$7,303; 2021-$8,741)	[1]	5,951	8,823
Assets supporting experience-rated contractholder liabilities, at fair value		2,844	3,358
Equity securities, at fair value (cost: 2022-$5,306; 2021-$5,815)	[1]	7,150	8,574
Commercial mortgage and other loans (net of $203 and $119 allowance for credit losses; includes $137 and $1,263 of loans measured at fair value under the fair value option at December 31, 2022 and 2021, respectively)	[1]	56,745	58,666
Policy loans		10,046	10,386
Other invested assets (net of $1 and $2 allowance for credit losses; includes $5,682 and $8,046 of assets measured at fair value at December 31, 2022 and 2021, respectively)	[1]	21,099	21,833
Short-term investments (net of allowance for credit losses: 2022-$6; 2021-$0)		4,591	6,635
Total investments		417,441	492,199
Cash and cash equivalents	[1]	17,251	12,888
Accrued investment income	[1]	3,012	2,855
Deferred policy acquisition cost		19,537	18,192
Value of business acquired		595	771
Income Tax Assets		4,214	0
Assets held-for-sale		0	153,793	[2]
Other assets (net of allowance for credit losses: 2022-$26; 2021-$19)	[1]	30,188	10,739
Separate account assets		197,679	246,145
TOTAL ASSETS		689,917	937,582
LIABILITIES
Future policy benefits		284,452	290,784
Policyholders’ account balances		135,602	122,633
Policyholder's dividends		694	8,731
Securities sold under agreements to repurchase		6,589	10,185
Cash collateral for loaned securities		6,100	4,251
Income taxes		0	9,513
Short-term debt		775	722
Long-term debt		19,908	18,622
Liabilities held-for-sale		0	151,359	[2]
Other liabilities (including allowance for credit losses: 2022-$18; 2021-$21)	[1]	20,536	11,755
Notes issued by consolidated variable interest entities(1)	[1]	374	274
Separate account liabilities		197,679	246,145
Total liabilities		672,709	874,974
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY
Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued)		0	0
Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of both December 31, 2022 and 2021)		6	6
Additional paid-in capital		25,747	25,732
Common Stock held in treasury, at cost (300,342,458 and 290,018,851 shares at December 31, 2022 and 2021, respectively)		(23,068)	(21,838)
Accumulated other comprehensive income (loss)		(19,827)	21,324
Retained earnings		33,392	36,652
Total Prudential Financial, Inc. equity		16,250	61,876
Noncontrolling interests		958	732
Total equity		17,208	62,608
TOTAL LIABILITIES AND EQUITY		$ 689,917	$ 937,582

[1]See Note 4 for details of balances associated with variable interest entities.[2]See Note 1 for details of the assets and liabilities classified as “held-for-sale” as of December 31, 2021.

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Fixed Maturities, AFS, allowance for credit losses		$ 138	$ 114
Fixed Maturities, Available-for-sale, Amortized Cost		335,447	333,459
Fixed Maturities, HTM, allowance for credit losses		2	5
Fixed Maturities, Held-to-maturity, Fair Value		1,455	1,803
Fixed Maturities, Trading, amortized cost		7,303	8,741
Equity securities, AFS, amortized cost		5,306	5,815
Commercial mortgage and other loans, allowance for credit losses		203	119
Commercial mortgage and other loans	[1]	56,745	58,666
Other invested assets, allowance for credit losses	[1]	21,099	21,833
Short term investments, allowance for credit losses		4,591
Other liabilities, allowance for credit losses	[1]	20,536	11,755
Liabilities		$ 672,709	$ 874,974
Preferred Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Preferred Stock, Shares Authorized		10,000,000	10,000,000
Preferred Stock, Shares Issued		0	0
Common Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common Stock, Shares Authorized		1,500,000,000	1,500,000,000
Common Stock, Shares, Issued		666,305,189	666,305,189
Treasury Stock, Shares		300,342,458	290,018,851
ASU 2016-13
Short term investments, allowance for credit losses		$ 6	$ 0
Other assets, allowance for credit losses		26	19
Other liabilities, allowance for credit losses		18	21
Leveraged lease loans
Other invested assets, allowance for credit losses		1	2
Other invested assets, at fair value		5,682	8,046
Fair value option
Commercial mortgage and other loans		$ 137	$ 1,263

[1]See Note 4 for details of balances associated with variable interest entities.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUES
Premiums	$ 38,019	$ 34,827	$ 31,140
Policy charges and fee income	5,574	5,944	6,029
Net investment income	16,037	18,287	17,410
Asset management and service fees	4,062	4,901	4,391
Other income (loss)	(273)	2,951	1,950
Realized investment gains (losses), net	(3,369)	4,024	(3,887)
Total revenues	60,050	70,934	57,033
BENEFITS AND EXPENSES
Policyholders’ benefits	43,487	38,458	35,059
Interest credited to policyholders’ account balances	2,316	3,482	4,538
Dividends to policyholders	198	2,874	1,625
Amortization of deferred policy acquisition costs	2,429	2,097	2,221
Goodwill impairment	903	1,060	0
General and administrative expenses	12,493	13,582	13,913
Total benefits and expenses	61,826	61,553	57,356
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,776)	9,381	(323)
Total income tax expense (benefit)	(370)	1,674	(81)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(1,406)	7,707	(242)
Equity in earnings of operating joint ventures, net of taxes	(56)	87	96
NET INCOME (LOSS)	(1,462)	7,794	(146)
Less: Income (loss) attributable to noncontrolling interests	(24)	70	228
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ (1,438)	$ 7,724	$ (374)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ (3.93)	$ 19.65	$ (1)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	(3.93)	19.51	(1)
Dividends declared per share of Common Stock (in dollars per share)	$ 4.80	$ 4.60	$ 4.40

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ (1,462)	$ 7,794	$ (146)
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments for the period	(1,185)	(1,138)	523
Net unrealized investment gains (losses)	(52,667)	(11,712)	7,229
Defined benefit pension and postretirement unrecognized periodic benefit (cost)	636	1,107	210
Total	(53,216)	(11,743)	7,962
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(12,063)	(2,314)	1,252
Other comprehensive income (loss), net of taxes	(41,153)	(9,429)	6,710
Comprehensive income (loss)	(42,615)	(1,635)	6,564
Less: Comprehensive income (loss) attributable to noncontrolling interests	(26)	55	239
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ (42,589)	$ (1,690)	$ 6,325

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	ASU 2016-01	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings ASU 2016-01	Common Stock Held in Treasury Common Stock	Accumulated Other Comprehensive Income (Loss)	Total Prudential Financial, Inc. Equity	Total Prudential Financial, Inc. Equity ASU 2016-01	Noncontrolling Interests
Balance at Dec. 31, 2019	$ 63,719	$ (99)	$ 6	$ 25,532	$ 32,991	$ (99)	$ (19,453)	$ 24,039	$ 63,115	$ (99)	$ 604
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(500)						(500)		(500)
Contributions from noncontrolling interests	100										100
Distributions to noncontrolling interests	(53)										(53)
Consolidations/(deconsolidations) of noncontrolling interests	(105)										(105)
Stock-based compensation programs	353			52			301		353
Dividends declared on Common Stock	(1,769)				(1,769)				(1,769)
Comprehensive income:
Net income (loss)	(146)				(374)				(374)		228
Other comprehensive income (loss), net of tax	6,710							6,699	6,699		11
Total comprehensive income (loss)	6,564								6,325		239
Balance at Dec. 31, 2020	68,210		6	25,584	30,749		(19,652)	30,738	67,425		785
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(2,500)						(2,500)		(2,500)
Contributions from noncontrolling interests	85										85
Distributions to noncontrolling interests	(75)										(75)
Consolidations/(deconsolidations) of noncontrolling interests	(118)										(118)
Stock-based compensation programs	462			148			314		462
Dividends declared on Common Stock	(1,821)				(1,821)				(1,821)
Comprehensive income:
Net income (loss)	7,794				7,724				7,724		70
Other comprehensive income (loss), net of tax	(9,429)							(9,414)	(9,414)		(15)
Total comprehensive income (loss)	(1,635)								(1,690)		55
Balance at Dec. 31, 2021	62,608		6	25,732	36,652		(21,838)	21,324	61,876		732
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(1,500)						(1,500)		(1,500)
Contributions from noncontrolling interests	351										351
Distributions to noncontrolling interests	(79)										(79)
Consolidations/(deconsolidations) of noncontrolling interests	(20)										(20)
Stock-based compensation programs	285			15			270		285
Dividends declared on Common Stock	(1,822)				(1,822)				(1,822)
Comprehensive income:
Net income (loss)	(1,462)				(1,438)				(1,438)		(24)
Other comprehensive income (loss), net of tax	(41,153)							(41,151)	(41,151)		(2)
Total comprehensive income (loss)	(42,615)								(42,589)		(26)
Balance at Dec. 31, 2022	$ 17,208		$ 6	$ 25,747	$ 33,392		$ (23,068)	$ (19,827)	$ 16,250		$ 958

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ (1,462)		$ 7,794		$ (146)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net		3,369		(4,024)		3,887
Policy charges and fee income		(2,532)		(2,302)		(2,652)
Interest credited to policyholders’ account balances		2,316		3,482		4,538
Goodwill impairment		903		1,060		0
Depreciation and amortization		124		204		457
(Gains) losses on assets supporting experience-rated contractholder liabilities, net		1,128		299		(743)
Change in:
Deferred policy acquisition costs		232		(451)		(542)
Future policy benefits and other insurance liabilities		6,573		7,762		10,817
Income taxes		(1,685)		(62)		(424)
Derivatives, net		(2,981)		(2,426)		(2,940)
Other, net		(827)	[1]	(1,524)		(3,884)
Cash flows from (used in) operating activities		5,158		9,812		8,368
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale		50,823		64,759		44,106
Fixed maturities, held-to-maturity		38		239		88
Fixed maturities, trading		1,641		3,626		690
Assets supporting experience-rated contractholder liabilities		11,410		18,863		29,162
Equity securities		3,697		4,290		2,704
Commercial mortgage and other loans		5,580		9,367		5,447
Policy loans		1,738		2,019		2,528
Other invested assets		1,789		2,972		1,815
Short-term investments		40,653		32,696		47,339
Payments for the purchase/origination of:
Fixed maturities, available-for-sale		(60,070)		(65,174)		(56,523)
Fixed maturities, trading		(659)		(5,675)		(1,413)
Assets supporting experience-rated contractholder liabilities		(11,799)		(21,394)		(30,822)
Equity securities		(3,451)		(4,430)		(3,168)
Commercial mortgage and other loans		(5,497)		(9,434)		(6,107)
Policy loans		(1,248)		(1,216)		(1,956)
Other invested assets		(2,832)		(3,628)		(2,760)
Short-term investments		(37,894)		(32,329)		(49,802)
Dispositions, net of cash disposed	[2]	422		132		1,454
Derivatives, net		(1,881)		(429)		1,286
Other, net		(98)		(596)		(278)
Cash flows from (used in) investing activities		(7,638)		(5,342)		(16,210)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholders’ account deposits		30,094		31,795		41,424
Policyholders’ account withdrawals		(24,149)		(29,227)		(34,701)
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities		(1,541)		42		499
Cash dividends paid on Common Stock		(1,817)		(1,814)		(1,766)
Net change in financing arrangements (maturities 90 days or less)		(214)		297		(21)
Common Stock acquired		(1,488)		(2,500)		(500)
Common Stock reissued for exercise of stock options		163		200		153
Proceeds from the issuance of debt (maturities longer than 90 days)		2,706		268		3,013
Repayments of debt (maturities longer than 90 days)		(1,184)		(1,708)		(2,743)
Proceeds from notes issued by consolidated VIEs		137		0		0
Repayments of notes issued by consolidated VIEs		0		0		(19)
Other, net		2,226	[3]	(364)		(456)
Cash flows from (used in) financing activities		4,933		(3,011)		4,883
Effect of foreign exchange rate changes on cash balances		(159)		(309)		340
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS INCLUDING BALANCES CLASSIFIED AS HELD-FOR-SALE		2,294		1,150		(2,619)
NET CHANGE IN CASH BALANCES CLASSIFIED AS HELD-FOR-SALE		(2,071)	[2]	2,071	[2]	0
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS		4,365		(921)		(2,619)
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF YEAR		12,934		13,855		16,474
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, END OF YEAR		17,299		12,934		13,855
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes paid, net of refunds		1,090		1,668		287
Interest paid		1,452		1,452		1,531
NON-CASH TRANSACTIONS DURING THE YEAR
Treasury Stock shares issued for stock-based compensation programs		236		138		151
Novation of annuity contracts		3,129	[4]	0		0
RECONCILIATION TO STATEMENTS OF FINANCIAL POSITION
Cash and cash equivalents		17,251	[5]	12,888	[5]	13,701
Restricted cash and restricted cash equivalents (included in “Other assets”)		48		46		154
Total cash, cash equivalents, restricted cash and restricted cash equivalents		17,299		12,934		13,855
Significant Pension Risk Transfer transactions:
NON-CASH TRANSACTIONS DURING THE YEAR
Assets received, excluding cash and cash equivalents		8,246		5,377		703
Net cash received		518		1,020		346
Liabilities assumed		8,764		6,397		1,049
Held-for-sale
HELD-FOR-SALE CLASSIFICATION
Assets classified as held-for-sale		(153,793)	[2]	153,793	[2]	0
Liabilities classified as held-for-sale		(151,359)	[2]	151,359	[2]	0
Net assets classified as held-for-sale		$ (2,434)	[2]	$ 2,434	[2]	$ 0

[1]The amount for the year ended December 31, 2022 includes the recognized gains on the sales of Prudential Annuities Life Assurance Corporation (“PALAC”) and the Full Service Retirement business, which were completed on April 1, 2022. See Note 1 for additional information regarding these dispositions.[2]See Note 1 for additional information regarding the dispositions.[3]The amount for the year ended December 31, 2022 includes approximately $1.6 billion cash receipt from a secured borrowing related to the PALAC disposition, which was subsequently derecognized as part of a non-cash transaction during 2022 related to the novation of certain previously reinsured annuity products. See Note 1 for additional information.[4]“Cash flows from (used in) operating activities” and “Cash flows from (used in) investing activities” exclude non-cash activities related to the novation of certain, previously reinsured, annuity products, from Fortitude Group Holdings, LLC to the Company. See Note 1 for additional information.[5]See Note 4 for details of balances associated with variable interest entities.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Held-for-sale \| PALAC
Secured borrowing	$ 1,600

Business and Basis of Presentat

Business and Basis of Presentation	12 Months Ended
Business and Basis of Presentation	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Prudential Financial, Inc. (“Prudential Financial”) and its subsidiaries (collectively, “Prudential” or the “Company”) provide a wide range of insurance, investment management, and other financial products and services to both individual and institutional customers throughout the United States and in many other countries. Principal products and services provided include life insurance, annuities, retirement solutions, mutual funds and investment management. In October 2021, the Company announced the creation of Retirement Strategies, a new U.S. business that would serve the retirement needs of both its institutional and individual customers by bringing the institutional investment and pension solutions offered through the Retirement business together with the financial solutions and capabilities of the Individual Annuities business. Commencing with the second quarter of 2022, this new structure has been fully operationalized; therefore, the results of the former Retirement segment (now known as the “Institutional Retirement Strategies” operating segment) and the former Individual Annuities segment (now known as the “Individual Retirement Strategies” operating segment) have been aggregated into the Retirement Strategies segment. Prior periods have been updated to conform to this new presentation. The Company’s principal operations consist of PGIM (the Company’s global investment management business), the U.S. Businesses (consisting of the Retirement Strategies, Group Insurance, Individual Life and Assurance IQ businesses), the International Businesses, the Closed Block division, and the Company’s Corporate and Other operations. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included in Corporate and Other operations. Divested and Run-off Businesses consist of businesses that have been, or will be, sold or exited, including businesses that have been placed in wind-down status that do not qualify for “discontinued operations” accounting treatment under U.S. GAAP. The Company’s Corporate and Other operations include corporate items and initiatives that are not allocated to business segments as well as the Divested and Run-off Businesses described above. Basis of Presentation The Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for additional information regarding the Company’s consolidated variable interest entities. Intercompany balances and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs (“DAC”) and related amortization; policyholders’ account balances related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products; value of business acquired (“VOBA”) and its amortization; amortization of deferred sales inducements (“DSI”); measurement of goodwill and any related impairment; valuation of investments including derivatives, measurement of allowance for credit losses, and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; pension and other postretirement benefits; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters. Out of Period Adjustments In 2022, the Company recorded out of period adjustments within the Individual Life business, resulting in an aggregate net benefit of $125 million to “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” for the year ended December 31, 2022. The adjustments included (i) a $230 million benefit from a reduction to cost of reinsurance liabilities related to universal and variable life products; (ii) an $80 million net benefit from a reduction in reserves, partially offset by an increase in cost of reinsurance liabilities, for certain universal and variable universal life products; and (iii) a $185 million charge from an increase in reserves for certain universal life insurance products. The impact of these out of period adjustments, individually and in the aggregate, was not material to any previously reported quarterly or annual financial statements and is not material to the 2022 annual financial statements. See Note 22 for additional information regarding the impact of these adjustments to the Company’s operating segments. Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation. COVID-19 Since the first quarter of 2020, the novel coronavirus (“COVID-19”) has resulted in extreme stress and disruption in the global economy and financial markets. The pandemic has adversely impacted, and may continue to adversely impact, the Company’s results of operations, financial condition and cash flows. The risks have manifested, and may continue to manifest, in the Company’s financial statements in the areas of, among others, (i) insurance liabilities and related balances: potential changes to assumptions regarding investment returns, mortality, morbidity and policyholder behavior which are reflected in our insurance liabilities and certain related balances (e.g., DAC, VOBA, etc.) and; (ii) investments: increased risk of loss on our investments due to default or deterioration in credit quality or value. The Company cannot predict what impact the COVID-19 pandemic will ultimately have on its businesses. Business Dispositions Prudential Annuities Life Assurance Corporation, Representing a Portion of Individual Annuities’ Traditional Variable Annuity Block of Business On April 1, 2022, the Company completed the sale of Prudential Annuities Life Assurance Corporation (“PALAC”), a wholly owned subsidiary, representing a portion of its in-force traditional variable annuity block of business, to Fortitude Group Holdings, LLC (“Fortitude”). The PALAC block primarily consisted of non-New York traditional variable annuities with guaranteed living benefits that were issued prior to 2011, which constituted approximately $30 billion of Prudential’s total in-force individual annuity account values at the closing of the transaction. The Company, through co-insurance and modified co-insurance agreements, has retained the economics of certain variable annuities, indexed annuities, and fixed annuities with a guaranteed lifetime withdrawal income feature issued by PALAC. The Company recognized a pre-tax gain on sale of $852 million in 2022 within “Other income”, which is included in adjusted operating income within the Retirement Strategies segment. During the second quarter of 2022, the economics of approximately $1.7 billion of commercial mortgage and other loans and fixed maturities, available-for-sale, held by PALAC were transferred to Fortitude via participation agreements. This transfer did not meet the requirements of sale accounting and was therefore accounted for as a secured borrowing as of June 30, 2022. During the third quarter of 2022, the secured borrowing was derecognized when the assets were transferred from Fortitude back to the Company as part of the novation of certain previously reinsured annuity products. Full Service Retirement Business On April 1, 2022, the Company completed the sale of its Full Service Retirement business to Great-West Life & Annuity Insurance Company (“Great-West”), primarily through a combination of (i) the sale of all of the outstanding equity interests of certain legal entities, including Prudential Retirement Insurance and Annuity Company (“PRIAC”); (ii) the ceding of certain insurance policies through reinsurance; and (iii) the sale, transfer and/or novation of certain in-scope contracts and brokerage accounts. The Company recognized a net pre-tax gain on sale of $620 million in 2022, composed of (i) an $820 million gain recorded in “Other income”; (ii) $150 million of realized losses recorded in “Realized investment gains (losses), net”, related to assets transferred as part of the reinsurance of certain retained policies to Great-West; and (iii) $50 million of indirect expenses and charges recorded in “General and administrative expenses” on the Consolidated Statements of Operations. These amounts reflect certain post-closing adjustments in accordance with the terms of the transaction agreement. The net gain is excluded from adjusted operating income and reported within Divested Businesses as part of Corporate and Other operations. In addition, the Company recognized a deferred gain of approximately $400 million in 2022, including a post-closing true-up, for the ceding of certain insurance policies through reinsurance to Great-West. This deferred reinsurance gain will be recognized in income over the term of the ceded policies. Excluding the gain on sale recognized in 2022, the Full Service Retirement business generated pre-tax income/(loss) of approximately $(200) million, $190 million and $179 million for the years ended December 31, 2022, 2021 and 2020, respectively. These amounts exclude the impact of overhead costs retained in the Company’s Corporate and Other operations and not transferred to Great-West. The assets and liabilities of both the Full Service Retirement business and PALAC were classified as held-for-sale prior to completion of these dispositions. The table below reflects their carrying amounts as of December 31, 2021: December 31, 2021 Retirement Individual Total (in millions) Assets held-for-sale: Fixed maturities, available-for-sale, at fair value(1) $ 4,798 $ 8,771 $ 13,569 Fixed maturities, trading, at fair value 374 27 401 Assets supporting experience-rated contractholder liabilities, at fair value 18,818 0 18,818 Equity securities 0 322 322 Commercial mortgage and other loans(1) 5,068 1,497 6,565 Policy loans 0 12 12 Other invested assets 10 94 104 Short-term investments 3 875 878 Cash and cash equivalents 56 2,015 2,071 Accrued investment income 160 61 221 Deferred policy acquisition costs 100 1,097 1,197 Value of business acquired 185 30 215 Other assets(2) 674 10,644 11,318 Separate account assets 65,835 32,267 98,102 Total assets held-for-sale $ 96,081 $ 57,712 $ 153,793 Liabilities held-for-sale: Future policy benefits $ 157 $ 4,505 $ 4,662 Policyholders’ account balances 28,164 11,750 39,914 Other liabilities 374 8,307 8,681 Separate account liabilities 65,835 32,267 98,102 Total liabilities held-for-sale $ 94,530 $ 56,829 $ 151,359 __________ (1) Includes “Fixed maturities, available-for-sale, at fair value” with an allowance for credit losses of $1 million and “Commercial mortgage and other loans” net of allowance for credit losses of $15 million, as of December 31, 2021, respectively. (2) Includes $455 million of goodwill associated with the Retirement Full Service business as of December 31, 2021. The Prudential Life Insurance Company of Taiwan Inc. In June 2021, Prudential International Insurance Holdings, Ltd. (“PIIH”), a subsidiary of Prudential Financial, completed the sale of The Prudential Life Insurance Company of Taiwan Inc. (“POT”) to Taishin Financial Holding Co, Ltd. (the “Buyer”) for cash consideration of approximately NT$5.5 billion, equal to approximately $200 million at then current exchange rates. The terms of the transaction included additional contingent consideration that was tied to the level of yields for the 10-year Taiwanese Government bond for two years after the signing of the transaction and was measured at fair value each period, resulting in the receipt of the maximum contractual amount of $100 million in 2022. Also in connection with the transaction, the Company recognized a liability with a fair value of approximately $33 million as of December 31, 2022, representing its financial guarantee of certain insurance obligations of POT. The after-tax loss on the sale of POT was approximately $400 million, of which approximately $350 million was recorded during 2020, and approximately $50 million was recorded during 2021. Prior to the sale, in the third quarter of 2020, the Company transferred the results of POT and the anticipated impact of its sale from the International Businesses segment to Divested and Run-off Businesses within Corporate & Other operations. Pramerica SGR (PGIM Italy Joint Venture) In March 2021, the Company sold its 35% ownership stake in Pramerica SGR, PGIM’s asset management joint venture in Italy, to its partner UBI Banca, which was acquired in 2020 by Intesa Sanpaolo Group. The after-tax gain on the sale of Pramerica SGR was approximately $330 million, which was recognized in adjusted operating income in the first quarter of 2021. The Prudential Life Insurance Company of Korea, Ltd. In August 2020, PIIH completed the sale of The Prudential Life Insurance Company of Korea, Ltd. (“POK”) to KB Financial Group Inc., for cash consideration of approximately ₩2.3 trillion, equal to approximately $1.9 billion. The Company recognized an approximate $800 million after-tax loss on the transaction in 2020. Prior to the sale, in the second quarter of 2020, the Company transferred the results of POK and the anticipated impact of its sale from the International Businesses segment to Divested and Run-off Businesses within Corporate & Other operations.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	12 Months Ended
Significant Accounting Policies and Pronouncements	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS ASSETS Fixed maturities, available-for-sale, at fair value (“AFS debt securities”) includes bonds, notes and redeemable preferred stock that are carried at fair value. See Note 6 for additional information regarding the determination of fair value. The purchased cost of fixed maturities is adjusted for amortization of premiums and accretion of discounts to maturity or, if applicable, call date. AFS debt securities, where fair value is below amortized cost, are reviewed quarterly to determine whether the amortized cost basis of the security is recoverable. For mortgage-backed and asset-backed AFS debt securities, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. For all other AFS debt securities, qualitative factors are first considered including, but not limited to, the extent of the decline and the reasons for the decline in value (e.g., credit events, currency or interest-rate related, including general credit spread widening), and the financial condition of the issuer. If analysis of these qualitative factors results in the security needing to be impaired, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. A credit impairment recorded cannot exceed the difference between the amortized cost and fair value of the respective security. The net present value used to measure a credit impairment is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the AFS debt security at the date of acquisition. Once the Company has deemed all or a portion of the amortized cost uncollectible, the allowance is removed from the balance sheet by writing down the amortized cost basis of the AFS debt security. Any amount of an AFS debt security’s change in fair value not recorded as an allowance for credit losses will be recorded in Other Comprehensive Income (loss) (“OCI”). When an AFS debt security’s fair value is below amortized cost and the Company has the intent to sell the AFS debt security, or it is more likely than not the Company will be required to sell the AFS debt security before its anticipated recovery, the amortized cost basis of the AFS debt security is written down to fair value and any previously recognized allowance is reversed. The write-down is reported in “Realized investment gains (losses), net.” Interest income, including amortization of premium and accretion of discount, are included in “Net investment income” under the effective yield method. Prepayment premiums are also included in “Net investment income.” For high credit quality mortgage-backed and asset-backed AFS debt securities (those rated AA or above), the amortized cost and effective yield of the securities are adjusted as necessary to reflect historical prepayment experience and changes in estimated future prepayments. The adjustments to amortized cost are recorded as a charge or credit to “Net investment income” in accordance with the retrospective method. For mortgage-backed and asset-backed AFS debt securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is purchased with credit deterioration or an allowance is currently recorded for the respective security. If an investment is impaired, any changes in the estimated timing and amount of cash flows will be recorded as the credit impairment, as opposed to a yield adjustment. If the asset is purchased with credit deterioration (or previously impaired), the effective yield will be adjusted if there are favorable changes in cash flows subsequent to the allowance being reduced to zero. For mortgage-backed and asset-backed AFS debt securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries, which vary based on the asset type and geographic location, as well as the vintage year of the security. These assumptions can significantly impact income recognition, unrealized gains and loss recorded in OCI, and the amount of impairment recognized in earnings. The payment priority of the respective security is also considered. For all other AFS debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. The Company has developed these estimates using information based on its historical experience as well as using market observable data, such as industry analyst reports and forecasts, sector credit ratings and other data relevant to the collectability of a security, such as the general payment terms of the security and the security’s position within the capital structure of the issuer. The associated unrealized gains and losses, net of tax, and the effect on DAC, VOBA, DSI, future policy benefits, policyholders’ account balances and policyholders’ dividends that would result from the realization of unrealized gains and losses, are included in “Accumulated other comprehensive income (loss)” (“AOCI”). Each of these balances is discussed in greater detail below. Fixed maturities, held-to-maturity, at amortized cost includes bonds that the Company has both the positive intent and ability to hold to maturity, and are carried at amortized cost, net of the current expected credit loss (“CECL”) allowance (“HTM debt securities”). Interest income for HTM debt securities is computed in the same manner as interest income for AFS debt securities. Credit impairment for HTM debt securities is recorded through a CECL allowance. The CECL allowance is generally determined based on probability of default and loss given default assumptions according to sector, credit quality and remaining time to maturity. Changes in the allowance are reported in “Realized investment gains (losses), net.” Once the Company has deemed all or a portion of the amortized cost uncollectible, the uncollectible portion of the allowance is removed from the balance sheet by writing down the amortized cost basis of the security. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance is calculated separately for each HTM debt security. Key inputs to the CECL model include unpaid principal balances, credit ratings, annual expected loss factors, average life adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Fixed maturities, trading, at fair value (“Trading debt securities”) includes debt securities that are carried at fair value such as fixed maturities with embedded features that are considered derivatives and assets contained within consolidated variable interest entities. See Note 6 for additional information regarding the determination of fair value. Realized and unrealized gains and losses for these investments are reported in “Other income (loss),” and interest income from these investments is reported in “Net investment income.” Assets supporting experience-rated contractholder liabilities, at fair value includes invested assets that consist of fixed maturities, equity securities, short-term investments and cash equivalents, that support certa in products wh ich are experience-rated, meaning that the investment results associated with these products are expected to ultimately accrue to contractholders. Realized and unrealized gains and losses for these investments are reported in “Other income (loss).” Interest and dividend income from these investments is reported in “Net investment income.” Equity securities, at fair value consists of common stock, mutual fund shares and non-redeemable preferred stock carried at fair value. Realized and unrealized gains and losses on these investments are reported in “Other income (loss),” and dividend income is reported in “Net investment income” on the ex-dividend date. Commercial mortgage and other loans consists of commercial mortgage loans, agricultural property loans, as well as certain other collateralized and uncollateralized loans. Uncollateralized loans primarily represent reverse dual currency loans and corporate loans held by the Company’s international insurance operations. Commercial mortgage and other loans originated and held for investment are generally carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses, and net of any CECL allowance. Certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans, and certain unfunded mortgage loan commitments where the Company cannot unconditionally cancel the commitment) are also subject to a CECL allowance. See Note 23 for additional information. The Company carries certain commercial mortgage loans originated within the Company’s commercial mortgage operations at fair value where the fair value option has been elected. Loans held for sale where the Company has not elected the fair value option are carried at the lower of cost or fair value. Commercial mortgage and other loans acquired, including those related to the acquisition of a business, are recorded at fair value when purchased, reflecting any premiums or discounts to unpaid principal balances. Interest income, and the amortization of the related premiums or discounts, are included in “Net investment income” under the effective yield method. Prepayment fees are also included in “Net investment income.” Effective January 1, 2020, the Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and related ASUs, using a modified retrospective method for certain financial assets carried at amortized cost and certain off-balance sheet exposures. Adoption of these ASUs requires an entity to estimate lifetime credit losses for certain financial assets carried at amortized cost and certain off-balance sheet exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that may affect the collectability of reported amounts. The most significant impact is from modifications made to the Company’s process for measuring credit losses for its commercial mortgage and other loans classified as held for investment. The impact of the standard resulted in a decrease to “Total assets” of $122 million ($115 million of this decrease was recorded for commercial mortgage and other loans), a decrease to “Total liabilities” of $23 million, and a decreased to “Retained earnings” of $99 million upon adoption on January 1, 2020. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets or off-balance sheet credit exposures. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. Prior to the adoption of ASU 2016-13, the allowance was based upon credit losses that were probable of occurring for recognized loans, not an estimate of credit losses that may occur over the remaining life of the asset. The allowance is calculated separately for commercial mortgage loans, agricultural mortgage loans, and other collateralized and uncollateralized loans. For commercial mortgage and agricultural mortgage loans, the allowance is calculated using an internally developed CECL model that pools together loans that share similar risk characteristics. Similar risk characteristics used to create the pools include, but are not limited to, vintage, maturity, credit rating, and collateral type. Key inputs to the CECL model include unpaid principal balances, internal credit ratings, annual expected loss factors, average lives of the loans adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Information about certain key inputs is detailed below. Key factors in determining the internal credit ratings for commercial mortgage and agricultural mortgage loans include loan-to-value and debt-service-coverage ratios. Other factors include amortization, loan term, and estimated market value growth rate and volatility for the property type and region. The loan-to-value ratio compares the carrying amount of the loan to the fair value of the underlying property or properties collateralizing the loan, and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the carrying amount of the loan exceeds the collateral value. A loan-to-value ratio less than 100% indicates an excess of collateral value over the carrying amount of the loan. The debt service coverage ratio is a property’s net operating income as a percentage of its debt service payments. Debt service coverage ratios less than 1.0 indicates that property operations do not generate enough income to cover the loan’s current debt payments. A debt service coverage ratio greater than 1.0 indicates an excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage loan and agricultural property loan portfolios, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a quality re-rating process, whereby the internal quality rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary quality rating system. See Note 3 for additional information related to the loan-to-value ratios and debt service coverage ratios related to the Company’s commercial mortgage and agricultural loan portfolios. Annual expected loss rates are based on historical default and loss experience factors. Using average lives, the annual expected loss rates are converted into life-of-loan loss expectations. When individual loans no longer have the credit risk characteristics of the commercial or agricultural mortgage loan pools, they are removed from the pools and are evaluated individually for an allowance. The allowance is determined based on the outstanding loan balance less the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The CECL allowance on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. The change in allowance is reported in “Realized investment gains (losses), net.” As it relates to unfunded commitments that are in scope of this guidance, the CECL allowance is reported in “Other liabilities,” and the change in the allowance is reported in “Realized investment gains (losses), net.” The CECL allowance for other collateralized and uncollateralized loans (e.g., corporate loans) carried at amortized cost is determined based on probability of default and loss given default assumptions by sector, credit quality and average lives of the loans. Additions to, or releases of, the allowance are reported in “Realized investment gains (losses), net.” Once the Company has deemed a portion of the amortized cost to be uncollectible, the uncollectible portion of allowance is removed from the balance sheet by writing down the amortized cost basis of the loan. The carrying amount of the loan is not adjusted for subsequent recoveries in value. Interest received on loans that are past due is either applied against the principal or reported as net investment income based on the Company’s assessment as to the collectability of the principal. The Company defines “past due” as principal or interest not collected at least 30 days past the scheduled contractual due date. See Note 3 for additional information about the Company’s past due loans. The Company discontinues accruing interest on loans after the loans become 90 days delinquent as to principal or interest payments, or earlier when the Company has doubts about collectability. When the Company discontinues accruing interest on a loan, any accrued but uncollectible interest on the loan and other loans backed by the same collateral, if any, is charged against interest income in the same period. Generally, a loan is restored to accrual status only after all delinquent interest and principal are brought current and, in the case of loans where the payment of interest has been interrupted for a substantial period, or the loan has been modified, a regular payment performance has been established. Commercial mortgage and other loans are occasionally restructured in a troubled debt restructuring (“TDR”). These restructurings generally include one or more of the following: full or partial payoffs outside of the original contract terms; changes to interest rates; extensions of maturity; or additions or modifications to covenants. Additionally, the Company may accept assets in full or partial satisfaction of the debt as part of a TDR. When restructurings occur, they are evaluated individually to determine whether the restructuring or modification constitutes a TDR as defined by authoritative accounting guidance. If the borrower is experiencing financial difficulty and the Company has granted a concession, the restructuring, including those that involve a partial payoff or the receipt of assets in full satisfaction of the debt is deemed to be a TDR. When there is a reasonable expectation that the Company will execute a TDR, all effects of the potential restructuring are considered for the estimation of the CECL allowance. When a loan is modified in a TDR, the CECL allowance of the loan is remeasured using the modified terms and the loan’s original effective yield, and the allowance is adjusted accordingly. The loan will be evaluated to determine whether the loan no longer has similar credit risk characteristics of the commercial or agricultural mortgage loan pools and need to be evaluated for an allowance on an individual basis. Subsequent to the modification, income is recognized prospectively based on the modified terms of the loan. In a TDR where the Company receives assets in full satisfaction of the debt, any CECL allowance is reversed and a direct write-down of the loan is recorded for the amount of the allowance, and any additional loss, net of recoveries, or any gain is recorded for the difference between the fair value of the assets received and the recorded investment in the loan. When assets are received in partial settlement, the same process is followed, and the remaining loan is evaluated prospectively for credit impairment based on the CECL allowance process noted above. The Company’s PGIM business provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities (“GSEs”). The Company has agreed to indemnify the GSEs for a portion of the credit risk associated with certain of the mortgages it services. Management has established a CECL allowance that factors in historical loss information, current conditions and reasonable and supportable forecasts. The allowance also considers the remaining lives of the loans subject to the indemnification. The CECL allowance is included in “Other liabilities” and changes in the CECL allowance are reported in “Realized investment gains (losses), net.” See Note 23 for additional information. Prior to the adoption of ASU 2016-13, a credit loss allowance was not required. Policy loans represents funds loaned to policyholders up to the cash surrender value of the associated insurance policies and are carried at the unpaid principal balances due to the Company from the policyholders. Interest income on policy loans is recognized in “Net investment income” at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policies. Other invested assets consists of the Company’s non-coupon investments in limited partnerships and limited liability companies (“LPs/LLCs”), other than operating joint ventures, as well as wholly-owned investment real estate, derivative assets and other investments. LPs/LLCs interests are accounted for using either the equity method of accounting, or at fair value with changes in fair value reported in “Other income (loss).” The Company’s income from investments in LPs/LLCs accounted for using the equity method, other than the Company’s investments in operating joint ventures, is included in “Net investment income.” The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In applying the equity method (including assessment for OTTI), the Company uses financial information provided by the investee, generally on a one to three-month lag. The Company consolidates LPs/LLCs in certain other instances where it is deemed to exercise control, or is considered the primary beneficiary of a variable interest entity. See Note 4 for additional information about VIEs. The Company’s wholly-owned investment real estate consists of real estate which the Company has the intent to hold for the production of income as well as real estate held for sale. Real estate which the Company has the intent to hold for the production of income is carried at depreciated cost less any write-downs to fair value for impairment losses and is reviewed for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Real estate held for sale is carried at the lower of depreciated cost or fair value less estimated selling costs and is not further depreciated once classified as such. An impairment loss is recognized when the carrying value of the investment real estate exceeds the estimated undiscounted future cash flows (excluding interest charges) from the investment. At that time, the carrying value of the investment real estate is written down to fair value. Decreases in the carrying value of investment real estate held for the production of income due to OTTI are recorded in “Realized investment gains (losses), net.” Depreciation on real estate held for the production of income is computed using the straight-line method over the estimated useful lives of the properties and is included in “Net investment income.” Short-term investments primarily consists of highly liquid debt instruments with a maturity of twelve months or less and greater than three months when purchased, other than those debt instruments meeting this definition that are included in “Assets supporting experience-rated contractholder liabilities, at fair value.” These investments are generally carried at fair value or amortized cost that approximates fair value and include certain money market investments, funds managed similar to regulated money market funds, short-term debt securities issued by government-sponsored entities and other highly liquid debt instruments. Cash and cash equivalents includes cash on hand, amounts due from banks, certain money market investments, funds managed similar to regulated money market funds, other debt instruments with maturities of three months or less when purchased, other than cash equivalents that are included in “Assets supporting experience-rated contractholder liabilities, at fair value,” and receivables related to securities purchased under agreements to resell (see also “ Securities sold under agreements to repurchase ” below). These assets are generally carried at fair value or amortized cost which approximates fair value. Accrued investment income primarily includes accruals of interest and dividend income from investments that have been earned but not yet received. Deferred policy acquisition costs represent costs directly related to the successful acquisition of new and renewal insurance and annuity business that have been deferred to the extent such costs are deemed recoverable from future profits. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully acquired contracts. In each reporting period, capitalized DAC is amortized to “Amortization of DAC,” net of the accrual of imputed interest on DAC balances. DAC is subject to periodic recoverability testing. DAC, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. For traditional participating life insurance which are included in the Closed Block, DAC is amortized over the expected life of the contracts in proportion to gross margins based on historical and anticipated future experience. Any changes in estimated gross margins on unamortized DAC are reflected in the period such that estimated gross margins are revised on a retrospective basis. DAC related to non-participating traditional individual life insurance and longevity reinsurance contracts is amortized in proportion to gross premiums. DAC related to universal and variable life products and fixed and variable deferred annuity products are generally deferred and amortized over the expected life of the contracts in proportion to gross profits arising principally from investment margins, mortality and expense margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. The Company uses a reversion to the mean approach for equities to derive future equity return assumptions; however, if the projected equity return calculated using this approach is greater than the maximum equity return assumption, the maximum equity return is utilized, and if the projected equity return is negative, the return is floored at 0%. Gross profits also include impacts from the embedded derivatives associated with certain of the optional living benefit features of variable annuity contracts, and index-linked crediting features of certain universal life and annuity contracts and related hedging activities. Total gross profits include both actual gross profits and estimates of gross profits for future periods. The Company regularly evaluates and adjusts DAC balances with a corresponding charge or credit to current period earnings, representing a cumulative adjustment to all prior periods’ amortization, for the impact of actual gross profits and changes in the Company’s projections of estimated future gross profits. Adjustments to DAC balances result from: (i) the annual review of assumptions that reflect the comprehensive review of the assumptions used in estimating gross profits for future periods; (ii) quarterly adjustments for current period experience (also referred to as “experience true-up” adjustments) that reflect the impact of differences between actual gross profits for a given period and the previously estimated expected gross profits for that period; and (iii) quarterly adjustments for market performance (also referred to as “experience unlocking”) that reflect the impact of changes to the Company’s estimate of total gross profits to reflect actual fund performance and market conditions. For group annuity contracts (other than single premium group annuities), acquisition costs are generally deferred and amortized over the expected life of the contracts in proportion to gross profits. For group corporate-, bank- and trust-owned life insurance contracts, acquisition costs are generally deferred and amortized in proportion to lives insured. For single premium immediate annuities with life contingencies, single premium group annuities, including non-participating group annuity contracts, and single premium structured settlements with life contingencies, all acquisition costs are charged to expense immediately because generally all premiums are recognized as revenue at the inception of the contract. For funding agreement notes contracts, single premium structured settlement contracts without life contingencies, and single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. For other group life and disability insurance contracts and guaranteed investment contracts (“GICs”), acquisition costs are expensed as incurred. For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If policyholders surrender traditional life insurance policies in exchange for life insurance policies that do not have fixed and guaranteed terms, the Company immediately charges to expense the remaining unamortized DAC on the surrendered policies. For other internal replacement transactions, except those that involve the addition of a nonintegrated contract feature that does not change the existing base contract, the unamortized DAC is immediately charged to expense if the terms of the new policies are not substantially similar to those of the former policies. If the new terms are substantially similar to those of the earlier policies, the DAC is retained with respect to the new policies and amortized over the expected life of the new policies. See Note 7 for additional information regarding DAC. Value of business acquired represents identifiable intangible assets to which a portion of the purchase price in a business acquisition is attributed under the application of purchase accounting. VOBA represents an adjustment to the stated value of in-force insurance contract liabilities to present them at fair value, determined as of the acquisition date. VOBA balances are subject to recoverability testing, in the manner in which they were acquired. The Company has established a VOBA asset primarily for its acquired life insurance products and accident and health products with fixed benefits. As of December 31, 2022, the majority of the VOBA balance relates to the 2011 acquisition of AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, and AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (collectively, the “Star and Edison Businesses”.) The Company amortizes VOBA over the anticipated life of the acquired contracts using the same methodology and assumptions used to amortize DAC. The Company records amortization of VOBA in “General and administrative expenses.” VOBA, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. See Note 8 for additional information regarding VOBA. Assets held-for-sale consists of assets associated with pending business dispositions. The Company classifies a business as held-for-sale when management has approved or received approval fr

Investments

Investments	12 Months Ended
Investments	Dec. 31, 2022
Investments [Abstract]
Investments	INVESTMENTS Fixed Maturity Securities The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: December 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 29,372 $ 1,110 $ 4,413 $ 0 $ 26,069 Obligations of U.S. states and their political subdivisions 10,179 238 728 0 9,689 Foreign government bonds 74,103 4,503 5,379 1 73,226 U.S. public corporate securities 99,854 1,311 13,563 16 87,586 U.S. private corporate securities(1) 39,867 507 3,438 57 36,879 Foreign public corporate securities 22,235 416 1,945 19 20,687 Foreign private corporate securities 32,755 150 5,201 44 27,660 Asset-backed securities(2) 12,972 166 286 1 12,851 Commercial mortgage-backed securities 11,497 19 861 0 10,655 Residential mortgage-backed securities(3) 2,613 29 225 0 2,417 Total fixed maturities, available-for-sale(1) $ 335,447 $ 8,449 $ 36,039 $ 138 $ 307,719 December 31, 2022 Amortized Gross Gross Fair Allowance Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 725 $ 128 $ 0 $ 853 $ 0 $ 725 Foreign public corporate securities 430 24 0 454 2 428 Foreign private corporate securities 0 0 0 0 0 0 Residential mortgage-backed securities(3) 143 5 0 148 0 143 Total fixed maturities, held-to-maturity(4) $ 1,298 $ 157 $ 0 $ 1,455 $ 2 $ 1,296 __________ (1) Excludes notes with amortized cost of $8,040 million (fair value, $8,040 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement. December 31, 2021 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 26,231 $ 5,958 $ 31 $ 0 $ 32,158 Obligations of U.S. states and their political subdivisions 10,445 1,781 8 0 12,218 Foreign government bonds 83,363 11,842 529 7 94,669 U.S. public corporate securities 98,836 13,721 390 12 112,155 U.S. private corporate securities(2) 35,019 2,583 162 58 37,382 Foreign public corporate securities 24,877 2,571 118 21 27,309 Foreign private corporate securities 28,047 1,448 442 16 29,037 Asset-backed securities(3) 11,402 137 14 0 11,525 Commercial mortgage-backed securities 12,490 631 22 0 13,099 Residential mortgage-backed securities(4) 2,749 123 14 0 2,858 Total fixed maturities, available-for-sale(1)(2) $ 333,459 $ 40,795 $ 1,730 $ 114 $ 372,410 December 31, 2021 Amortized Gross Gross Fair Allowance Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 833 $ 221 $ 0 $ 1,054 $ 0 $ 833 Foreign public corporate securities 486 49 0 535 5 481 Foreign private corporate securities 9 0 0 9 0 9 Residential mortgage-backed securities(4) 191 14 0 205 0 191 Total fixed maturities, held-to-maturity(5) $ 1,519 $ 284 $ 0 $ 1,803 $ 5 $ 1,514 __________ (1) Excludes “Assets held-for-sale” with amortized cost of $13,145 million, fair value of $13,569 million, unrealized gains of $572 million, unrealized losses of $147 million and allowance for credit losses of $1 million. See Note 1 for additional information. (2) Excludes notes with amortized cost of $5,941 million (fair value, $5,995 million), which have been offset with the associated debt under a netting agreement. (3) Includes credit-tranched securities collateralized loan obligations, education loans, auto loans, credit cards and other asset types. (4) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (5) Excludes notes with amortized cost of $4,750 million (fair value, $5,394 million), which have been offset with the associated debt under a netting agreement. The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: December 31, 2022 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 18,009 $ 3,143 $ 2,563 $ 1,270 $ 20,572 $ 4,413 Obligations of U.S. states and their political subdivisions 5,510 526 558 202 6,068 728 Foreign government bonds 16,932 2,384 9,877 2,971 26,809 5,355 U.S. public corporate securities 58,816 7,790 15,780 5,726 74,596 13,516 U.S. private corporate securities 24,610 2,065 6,705 1,373 31,315 3,438 Foreign public corporate securities 10,168 932 4,098 993 14,266 1,925 Foreign private corporate securities 16,909 2,521 8,196 2,678 25,105 5,199 Asset-backed securities 5,385 130 5,059 156 10,444 286 Commercial mortgage-backed securities 9,289 655 1,080 206 10,369 861 Residential mortgage-backed securities 1,322 130 402 93 1,724 223 Total fixed maturities, available-for-sale $ 166,950 $ 20,276 $ 54,318 $ 15,668 $ 221,268 $ 35,944 December 31, 2021 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,521 $ 15 $ 269 $ 16 $ 1,790 $ 31 Obligations of U.S. states and their political subdivisions 289 5 71 3 360 8 Foreign government bonds 4,534 244 6,945 282 11,479 526 U.S. public corporate securities 12,403 219 2,947 152 15,350 371 U.S. private corporate securities 4,362 84 848 78 5,210 162 Foreign public corporate securities 3,652 76 802 42 4,454 118 Foreign private corporate securities 6,350 270 1,604 169 7,954 439 Asset-backed securities 6,568 13 170 1 6,738 14 Commercial mortgage-backed securities 921 11 263 11 1,184 22 Residential mortgage-backed securities 751 13 18 1 769 14 Total fixed maturities, available-for-sale(1) $ 41,351 $ 950 $ 13,937 $ 755 $ 55,288 $ 1,705 __________ (1) Excludes “Assets held-for-sale” with fair value of $4,644 million and gross unrealized losses of $147 million. See Note 1 for additional information. As of December 31, 2022 and 2021, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance were composed of $33,778 million and $1,242 million, respectively, related to “1” highest quality or “2” high quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $2,166 million and $463 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of December 31, 2022, the $15,668 million of gross unrealized losses of twelve months or more were concentrated in the consumer non-cyclical, finance and utility sectors within corporate securities and foreign government securities. As of December 31, 2021, the $755 million of gross unrealized losses of twelve months or more were concentrated in the consumer non-cyclical, utility and finance sectors within corporate securities. In accordance with its policy described in Note 2, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at December 31, 2022. This conclusion was based on a detailed analysis of the underlying credit and cash flows on each security. Gross unrealized losses are primarily attributable to increases in interest rates, general credit spread widening, foreign currency exchange rate movements and the financial condition or near-term prospects of the issuer. As of December 31, 2022, the Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The following table sets forth the amortized cost or amortized cost, net of allowance and fair value of fixed maturities by contractual maturities, as of the date indicated: December 31, 2022 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (in millions) Fixed maturities: Due in one year or less $ 8,859 $ 9,025 $ 0 $ 0 Due after one year through five years 50,717 49,713 428 454 Due after five years through ten years 65,682 62,449 17 18 Due after ten years(1) 183,107 160,609 708 835 Asset-backed securities 12,972 12,851 0 0 Commercial mortgage-backed securities 11,497 10,655 0 0 Residential mortgage-backed securities 2,613 2,417 143 148 Total $ 335,447 $ 307,719 $ 1,296 $ 1,455 __________ (1) Excludes available-for-sale notes with amortized cost of $8,040 million (fair value, $8,040 million) and held-to-maturity notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed and residential mortgage-backed securities are shown separately in the table above, as they do not have a single maturity date. The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Years Ended December 31, 2022 2021 2020 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 33,010 $ 36,333 $ 21,013 Proceeds from maturities/prepayments 17,957 27,976 23,563 Gross investment gains from sales and maturities 1,240 2,565 1,690 Gross investment losses from sales and maturities (2,589) (648) (524) Write-downs recognized in earnings(2) (116) (1) (304) (Addition to) release of allowance for credit losses (24) 19 (133) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 37 $ 239 $ 88 (Addition to) release of allowance for credit losses 2 4 0 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(144) million, $450 million and $(470) million for the years ended December 31, 2022, 2021 and 2020, respectively. (2) Amounts represent write-downs on credit adverse securities and securities actively marketed for sale. In addition, for the year ended December 31, 2020, amount includes write-downs on securities approaching maturities related to foreign exchange movements. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of less than $1 million, less than $(1) million and less than $(1) million for the years ended December 31, 2022, 2021 and 2020, respectively. The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Year Ended December 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 7 $ 107 $ 0 $ 0 $ 0 $ 114 Additions to allowance for credit losses not previously recorded 0 11 109 4 0 0 124 Reductions for securities sold during the period 0 (6) (80) 0 0 0 (86) Reductions for securities with intent to sell 0 (13) (68) 0 0 0 (81) Additions (reductions) on securities with previous allowance 0 2 68 (3) 0 0 67 Balance, end of period $ 0 $ 1 $ 136 $ 1 $ 0 $ 0 $ 138 Year Ended December 31, 2021 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 123 $ 0 $ 10 $ 0 $ 133 Additions to allowance for credit losses not previously recorded 0 7 89 0 0 0 96 Reductions for securities sold during the period 0 0 (48) 0 (9) 0 (57) Additions (reductions) on securities with previous allowance 0 0 (56) 0 (1) 0 (57) Reclassified to “Assets held-for sale”(1) . 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 7 $ 107 $ 0 $ 0 $ 0 $ 114 __________ (1) See Note 1 for additional information. Year Ended December 31, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Additions to allowance for credit losses not previously recorded 0 39 255 0 1 0 295 Reductions for securities sold during the period 0 (39) (126) 0 0 0 (165) Additions (reductions) on securities with previous allowance 0 0 5 0 9 0 14 Write-downs charged against the allowance 0 0 (11) 0 0 0 (11) Balance, end of period $ 0 $ 0 $ 123 $ 0 $ 10 $ 0 $ 133 Year Ended December 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 5 $ 0 $ 0 $ 0 $ 5 Current period provision for expected losses 0 0 (2) 0 0 0 (2) Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Year Ended December 31, 2021 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 Current period provision for expected losses. 0 0 (3) 0 0 0 (3) Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 5 $ 0 $ 0 $ 0 $ 5 Year Ended December 31, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Cumulative effect of adoption of ASU 2016-13 0 0 9 0 0 0 9 Balance, end of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 See Note 2 for additional information about the Company’s methodology for developing our allowance and expected losses. For the year ended December 31, 2022, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions in the capital goods, utility and consumer non-cyclical sectors within corporate securities due to adverse projected cash flows, partially offset by a net release on restructured securities within the communications and transportation sectors. For the year ended December 31, 2021, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to the overall improving credit environment in the energy and consumer cyclical sectors within corporate securities, partially offset by net additions in the transportation, communications and utility sectors within corporate securities due to adverse projected cash flows. The Company did not have any fixed maturity securities purchased with credit deterioration, as of both December 31, 2022 and 2021. Assets Supporting Experience-Rated Contractholder Liabilities The following table sets forth the composition of “Assets supporting experience-rated contractholder liabilities,” as of the dates indicated: December 31, 2022 December 31, 2021 Assets Held-for-Sale(1) Amortized Fair Amortized Fair Amortized Fair (in millions) Short-term investments and cash equivalents $ 0 $ 0 $ 30 $ 30 $ 786 $ 786 Fixed maturities: Corporate securities 91 88 101 103 12,112 12,463 Commercial mortgage-backed securities 0 0 0 0 1,799 1,830 Residential mortgage-backed securities(2) 0 0 0 0 658 683 Asset-backed securities(3) 0 0 0 0 2,079 2,093 Foreign government bonds 705 668 761 761 240 237 U.S. government authorities and agencies and obligations of U.S. states 188 189 182 193 344 400 Total fixed maturities(4) 984 945 1,044 1,057 17,232 17,706 Equity securities 1,628 1,899 1,787 2,271 328 326 Total assets supporting experience-rated contractholder liabilities(5) $ 2,612 $ 2,844 $ 2,861 $ 3,358 $ 18,346 $ 18,818 __________ (1) See Note 1 for additional information. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Includes collateralized loan obligations, auto loans, education loans, home equity and other asset types. Collateralized loan obligations at fair value, was $1,607 million including “Assets held-for-sale” as of December 31, 2021, all of which were rated AA or above. (4) As a percentage of amortized cost, 98% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of December 31, 2022. As a percentage of amortized cost, 97% of the portfolio including “Asset held-for-sale” was considered high or highest quality based on NAIC or equivalent ratings, as of December 31, 2021. (5) As a percentage of amortized cost, all of the portfolio consisted of public securities, as of December 31, 2022. As a percentage of amortized cost, 95% of the portfolio including “Assets held-for-sale” consisted of public securities, as of December 31, 2021. The net change in unrealized gains (losses) from assets supporting experience-rated contractholder liabilities still held at period end, recorded within “Other income (loss),” was $(737) million, $(708) million and $726 million during the years ended December 31, 2022, 2021 and 2020, respectively. Fixed Maturities, Trading The net change in unrealized gains (losses) from fixed maturities, trading still held at period end, recorded within “Other income (loss),” was $(1,427) million, $(169) million and $277 million during the years ended December 31, 2022, 2021 and 2020, respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $(914) million, $591 million and $205 million during the years ended December 31, 2022, 2021 and 2020, respectively. Concentrations of Financial Instruments The Company monitors its concentrations of financial instruments and mitigates credit risk by maintaining a diversified investment portfolio which limits exposure to any single issuer. As of the dates indicated, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s equity included securities of the U.S. government and certain U.S. government agencies and securities guaranteed by the U.S. government, as well as the securities disclosed below: December 31, 2022 December 31, 2021 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 65,198 $ 64,959 $ 73,681 $ 83,382 Fixed maturities, held-to-maturity 706 831 812 1,026 Fixed maturities, trading 20 19 23 23 Assets supporting experience-rated contractholder liabilities 613 587 983 977 Total $ 66,537 $ 66,396 $ 75,499 $ 85,408 December 31, 2022 December 31, 2021 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,264 $ 2,010 $ 1,982 $ 1,866 Short-term investments 60 61 1 1 Cash equivalents 210 210 133 133 Total $ 2,534 $ 2,281 $ 2,116 $ 2,000 Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: December 31, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 9,096 16.2 % $ 10,225 17.6 % Retail 6,103 10.8 6,779 11.7 Apartments/Multi-Family 15,381 27.3 16,742 28.8 Industrial 13,079 23.2 13,009 22.4 Hospitality 2,027 3.6 1,876 3.2 Other 3,791 6.7 3,936 6.8 Total commercial mortgage loans 49,477 87.8 52,567 90.5 Agricultural property loans 6,857 12.2 5,520 9.5 Total commercial mortgage and agricultural property loans 56,334 100.0 % 58,087 100.0 % Allowance for credit losses (201) (115) Total net commercial mortgage and agricultural property loans 56,133 57,972 Other loans: Uncollateralized loans 463 561 Residential property loans 43 67 Other collateralized loans 108 70 Total other loans 614 698 Allowance for credit losses (2) (4) Total net other loans 612 694 Total net commercial mortgage and other loans(1)(2) $ 56,745 $ 58,666 __________ (1) Excludes “Assets held-for-sale” of $6,565 million net of allowance for credit losses of $15 million as of December 31, 2021. See Note 1 for additional information. (2) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of December 31, 2022 and 2021, the net carrying value of these loans was $137 million and $1,263 million, respectively. As of December 31, 2022, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States with the largest concentrations in California (30%), Texas (8%) and New York (6%) and included loans secured by properties in Europe (6%), Asia (1%), Mexico (1%) and Australia (1%). The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance at December 31, 2019 $ 114 $ 3 $ 0 $ 0 $ 4 $ 121 Cumulative effect of adoption of ASU 2016-13 110 5 0 0 0 115 Addition to (release of) allowance for expected losses 1 1 0 0 1 3 Write-downs charged against allowance (7) 0 0 0 0 (7) Other 0 0 0 3 0 3 Balance at December 31, 2020 218 9 0 3 5 235 Addition to (release of) allowance for expected losses (92) (5) 0 0 (1) (98) Reclassified to “Asset held-for-sale”(1) (15) 0 0 0 0 (15) Other 0 0 0 (3) 0 (3) Balance at December 31, 2021 111 4 0 0 4 119 Addition to (release of) allowance for expected losses 72 9 0 0 (1) 80 Other 5 0 0 0 (1) 4 Balance at December 31, 2022 $ 188 $ 13 $ 0 $ 0 $ 2 $ 203 __________ (1) See Note 1 for additional information. See Note 2 for additional information about the Company’s methodology for developing our allowance and expected losses. For the year ended December 31, 2022, the net addition to the allowance for credit losses on commercial mortgage and other loans was primarily due to declining market conditions. For the year ended December 31, 2021, the net release of the allowance for credit losses on commercial mortgage and other loans was primarily related to an improving credit environment. The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the date indicated: December 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 971 $ 1,747 $ 1,282 $ 2,831 $ 4,697 $ 15,111 $ 0 $ 26,639 60%-69.99% 1,997 3,502 1,553 2,804 1,732 3,780 0 15,368 70%-79.99% 865 1,127 519 1,025 645 1,445 0 5,626 80% or greater 2 26 7 119 24 1,666 0 1,844 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 3,249 $ 6,135 $ 3,013 $ 5,749 $ 6,505 $ 18,318 $ 0 $ 42,969 1.0 - 1.2x 586 252 164 454 383 2,183 0 4,022 Less than 1.0x 0 15 184 576 210 1,501 0 2,486 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Agricultural property loan Loan-to-Value Ratio: 0%-59.99% $ 931 $ 1,994 $ 853 $ 461 $ 326 $ 1,348 $ 74 $ 5,987 60%-69.99% 675 85 8 47 8 0 0 823 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 13 34 0 47 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 1,593 $ 2,035 $ 781 $ 507 $ 323 $ 1,272 $ 74 $ 6,585 1.0 - 1.2x 5 44 80 0 6 68 0 203 Less than 1.0x 8 0 0 1 18 42 0 69 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Total(1) (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 1,287 $ 467 $ 2,459 $ 3,211 $ 3,072 $ 14,011 $ 0 $ 24,507 60%-69.99% 3,101 1,941 4,124 3,631 1,356 4,161 0 18,314 70%-79.99% 2,497 1,207 1,327 1,059 631 2,108 0 8,829 80% or greater 184 39 7 62 50 575 0 917 Total $ 7,069 $ 3,654 $ 7,917 $ 7,963 $ 5,109 $ 20,855 $ 0 $ 52,567 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 6,803 $ 3,356 $ 6,828 $ 7,384 $ 4,445 $ 16,864 $ 0 $ 45,680 1.0 - 1.2x 266 154 662 478 234 2,069 0 3,863 Less than 1.0x 0 144 427 101 430 1,922 0 3,024 Total $ 7,069 $ 3,654 $ 7,917 $ 7,963 $ 5,109 $ 20,855 $ 0 $ 52,567 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 1,958 $ 887 $ 494 $ 334 $ 370 $ 1,226 $ 80 $ 5,349 60%-69.99% 92 5 29 37 0 0 0 163 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 3 5 0 0 0 0 8 Total $ 2,050 $ 895 $ 528 $ 371 $ 370 $ 1,226 $ 80 $ 5,520 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 2,007 $ 870 $ 517 $ 364 $ 312 $ 1,121 $ 80 $ 5,271 1.0 - 1.2x 43 25 10 1 58 41 0 178 Less than 1.0x 0 0 1 6 0 64 0 71 Total $ 2,050 $ 895 $ 528 $ 371 $ 370 $ 1,226 $ 80 $ 5,520 __________ (1) Excludes “Assets held-for-sale” of $6,580 million. See Note 1 for additional information. See Note 2 for additional information about the Company’s commercial mortgage and other loans credit quality monitoring process. The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: December 31, 2022 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 49,465 $ 0 $ 3 $ 9 $ 12 $ 49,477 $ 11 Agricultural property loans 6,844 0 11 2 13 6,857 17 Residential property loans 43 0 0 0 0 43 0 Other collateralized loans 108 0 0 0 0 108 0 Uncollateralized loans 463 0 0 0 0 463 0 Total $ 56,923 $ 0 $ 14 $ 11 $ 25 $ 56,948 $ 28 __________ (1) As of December 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2. December 31, 2021 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 52,565 $ 0 $ 0 $ 2 $ 2 $ 52,567 $ 2 Agricultural property loans 5,520 0 0 0 0 5,520 19 Residential property loans 66 0 0 1 1 67 1 Other collateralized loans 70 0 0 0 0 70 0 Uncollateralized loans 561 0 0 0 0 561 0 Total(3) $ 58,782 $ 0 $ 0 $ 3 $ 3 $ 58,785 $ 22 __________ (1) As of December 31, 2021, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2. (3) Excludes “Assets held-for-sale” of $6,580 million. See Note 1 for additional information. Loans on non-accrual status recognized interest income of $1 million and $5 million for the years ended December 31, 2022 and 2021, respectively. Loans on non-accrual status that did not have a related allowance for credit losses were $27 million and $20 million as of December 31, 2022 and 2021, respectively. The Company did not have any significant losses on commercial mortgage and other loans purchased with credit deterioration, as of both December 31, 2022 and 2021. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: December 31, 2022 2021 (in millions) LPs/LLCs: Equity method: Private equity $ 7,215 $ 6,509 Hedge funds 3,220 2,797 Real estate-related 2,793 2,370 Subtotal equity method 13,228 11,676 Fair value: Private equity 1,476 1,852 Hedge funds 1,908 2,119 Real estate-related 305 319 Subtotal fair value 3,689 4,290 Total LPs/LLCs 16,917 15,966 Real estate held through direct ownership(1) 1,617 1,789 Derivative instruments 1,457 3,280 Other(2) 1,108 798 Total other invested assets(3) $ 21,099 $ 21,833 __________ (1) As of December 31, 2022 and 2021, real estate held through direct ownership had mortgage debt of $208 million and $274 million, respectively. (2) Primarily includes equity investments accounted for under the measurement alternative, strategic investments made by investment management operations, leveraged leases and member and activity stock held in the Federal Home Loan Bank of New York. For additional information regarding the Company’s holdings in the Federal Home Loan Bank of New York, see Note 17. (3) Excludes “Assets held-for-sale” of $104 million as of December 31, 2021. See Note 1 for additional information. In certain investment structures, the Company’s investment management business invests with other co-investors in an investment fund referred to as a feeder fund. In these structures, the invested capital of several feeder funds is pooled together and used to purchase ownership interests in another fund, referred to as a master fund. The master fund utilizes this invested capital and, in certain cases, other debt financing, to purchase various classes of assets on behalf of its investors. Specialized industry accounting for investment companies calls for the feeder fund to reflect its investment in the master fund as a single net asset equal to its proportionate share of the net assets of the master fund, regardless of its level of interest in the master fund. In cases where the Company consolidates the feeder fund, it retains the feeder fund’s net asset presentation and reports the consolidated feeder fund’s proportionate share of the net assets of the master fund in “Other invested assets,” with any unaffiliated investors’ non-controlling interest in the feeder fund reported in “Other liabilities” or “Noncontrolling interests.” The consolidated feeder funds’ investments in these master funds, reflected on this net asset basis, totaled $639 million and $654 million as of December 31, 2022 and 2021, respectively. There were $371 million and $467 million of unaffiliated interest in the consolidated feeder funds as of December 31, 2022 and 2021, respectively, and the master funds had gross assets of $58,087 million and $76,600 million, respectively, and gross liabilities of $56,225 million and $73,882 million, respectively, which are not included on the Company’s balance sheet. Equity Method Investments The following tables set forth summarized combined financial information for significant LP/LLC interests accounted for under the equity method, including the Company’s investments in operating joint ventures that are described in more detail in Note 9. Changes between periods in the tables below reflect changes in the activities within the operating joint ventures and LPs/LLCs, as well as changes in the Company’s level of investment in such entities: December 31, 2022 2021 (in millions) STATEMENTS OF FINANCIAL POSITION Total assets(1) $ 707,192 $ 689,767 Total liabilities(2) $ 83,634 $ 111,189 Partners’ capital 623,558 578,578 Total liabilities and partners’ capital $ 707,192 $ 689,767 Total liabilities and partners’ capital included above $ 13,683 $ 12,141 Equity in LP/LLC interests not included above 726 852 Carrying value(3) $ 14,409 $ 12,993 __________ (1) Amount represents gross assets of each fund where the Company has a significant investment. These assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Amount represents gross liabilities of each fund where the Company has a significant investment. These liabilities consist primarily of third-party-

Variable Interest Entities

Variable Interest Entities	12 Months Ended
Variable Interest Entities	Dec. 31, 2022
Variable Interest Entity, Measure of Activity [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES In the normal course of its activities, the Company enters into relationships with various special-purpose entities and other entities that are deemed to be VIEs. A VIE is an entity that either (1) has equity investors that lack certain essential characteristics of a controlling financial interest (including the ability to control activities of the entity, the obligation to absorb the entity’s expected losses and the right to receive the entity’s expected residual returns) or (2) lacks sufficient equity to finance its own activities without financial support provided by other entities, which in turn would be expected to absorb at least some of the expected losses of the VIE. The Company is the primary beneficiary if the Company has (1) the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and (2) the obligation to absorb losses of the entity that could be potentially significant to the VIE or the right to receive benefits from the entity that could be potentially significant. If the Company determines that it is the VIE’s primary beneficiary, it consolidates the VIE. Consolidated Variable Interest Entities The Company is the investment manager of certain asset-backed investment vehicles, commonly referred to as CLOs, and certain other vehicles for which the Company earns fee income for investment management services. The Company may sell or syndicate investments through these vehicles, principally as part of the strategic investing activity of the Company’s investment management businesses. Additionally, the Company may invest in securities issued by these vehicles. The Company is also the investment manager of certain investment structures whose beneficial interests are wholly-owned by consolidated subsidiaries. The Company has analyzed these relationships and determined that for certain CLOs and other investment structures it is the primary beneficiary and consolidates these entities. This analysis includes a review of (1) the Company’s rights and responsibilities as investment manager and (2) variable interests (if any) held by the Company. The assets of these VIEs are restricted and must be used first to settle liabilities of the VIE. The Company is not required to provide, and has not provided, material financial or other support to any of these VIEs. Additionally, the Company is the primary beneficiary of certain VIEs in which the Company has invested, as part of its investment activities, but for which it is not the investment manager. These include structured investments issued by a VIE that manages yen-denominated investments coupled with cross-currency coupon swap agreements thereby creating synthetic dual currency investments. The Company’s involvement in the structuring of these investments combined with its economic interest indicates that the Company is the primary beneficiary. The Company has not provided material financial support or other support that was not contractually required to these VIEs. The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for which Other Consolidated VIEs(1) December 31, December 31, 2022 2021 2022 2021 (in millions) Fixed maturities, available-for-sale $ 398 $ 200 $ 90 $ 262 Fixed maturities, held-to-maturity 0 9 689 790 Fixed maturities, trading 164 178 0 0 Equity securities 85 79 0 0 Commercial mortgage and other loans 784 915 0 0 Other invested assets 3,397 2,846 68 138 Cash and cash equivalents 375 128 0 0 Accrued investment income 2 1 3 3 Other assets 352 499 706 785 Total assets of consolidated VIEs $ 5,557 $ 4,855 $ 1,556 $ 1,978 Other liabilities $ 389 $ 505 $ 0 $ 2 Notes issued by consolidated VIEs(2) 374 274 0 0 Total liabilities of consolidated VIEs $ 763 $ 779 $ 0 $ 2 __________ (1) Total assets of consolidated VIEs reflect $3,403 million and $2,885 million as of December 31, 2022 and 2021, respectively, related to VIEs whose beneficial interests are wholly-owned by consolidated subsidiaries. (2) Recourse is limited to the assets of the respective VIE and does not extend to the general credit of the Company. As of December 31, 2022, the maturities of these obligations were betwee n 1 and 10 years. Unconsolidated Variable Interest Entities The Company has determined that it is not the primary beneficiary of certain VIEs for which it is the investment manager. These VIEs consist primarily of CLOs and investment funds for which the Company has determined that it is not the primary beneficiary as it does not have both (1) the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and (2) the obligation to absorb losses of the entity that could be potentially significant to the VIE or the right to receive benefits from the entity that could be potentially significant. The Company’s maximum exposure to loss resulting from its relationship with unconsolidated VIEs for which it is the investment manager is limited to its investment in the VIEs, which was $950 million and $997 million at December 31, 2022 and 2021, respectively. These investments are reflected in “Fixed maturities, available-for-sale,” “Fixed maturities, trading,” “Equity securities” and “Other invested assets.” There are no liabilities associated with these unconsolidated VIEs on the Company’s Consolidated Statements of Financial Position. In the normal course of its activities, the Company will invest in LPs/LLCs which include hedge funds, private equity funds and real estate-related funds and may or may not be VIEs. The Company’s maximum exposure to loss on these investments, both VIEs and non-VIEs, is limited to the amount of its investment. The Company has determined that it is not required to consolidate these entities because either (1) it does not control them or (2) it does not have the obligation to absorb losses of these entities that could be potentially significant to the entities or the right to receive benefits from the entities that could be potentially significant. The Company classifies these investments as “Other invested assets” and its maximum exposure to loss associated with these entities, excluding “Assets held-for-sale,” was $16,917 million and $15,966 million as of December 31, 2022 and 2021, respectively. In addition, in the normal course of its activities, the Company will invest in structured investments including VIEs for which it is not the investment manager. These structured investments typically invest in fixed income investments and are managed by third parties and include asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities. The Company’s maximum exposure to loss on these structured investments, both VIEs and non-VIEs, is limited to the amount of its investment. See Note 3 for details regarding the carrying amounts and classification of these assets. The Company has not provided material financial or other support that was not contractually required to these structures. The Company has determined that it is not the primary beneficiary of these structures due to the fact that it does not control these entities.

Derivative Instruments

Derivative Instruments	12 Months Ended
Derivative Instruments	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVES AND HEDGING Types of Derivative and Hedging Instruments Interest Rate Contracts Interest rate swaps, options and futures are used by the Company to reduce risks from changes in interest rates, manage interest rate exposures arising from mismatches between assets and liabilities and to hedge against changes in their values it owns or anticipates acquiring or selling. Swaps may be attributed to specific assets or liabilities or to a portfolio of assets or liabilities. Under interest rate swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed upon notional principal amount. The Company also uses interest rate swaptions, caps, and floors to manage interest rate risk. A swaption is an option to enter into a swap with a forward starting effective date. The Company pays a premium for purchased swaptions and receives a premium for written swaptions. In an interest rate cap, the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. Similarly, in an interest rate floor, the buyer receives payments at the end of each period in which the interest rate is below the agreed strike price. Swaptions, caps and floors are included in interest rate options. In standardized exchange-traded interest rate futures transactions, the Company purchases or sells a specified number of contracts, the values of which are determined by the daily market values of underlying referenced investments. The Company enters into exchange-traded futures with regulated futures commission’s merchants who are members of a trading exchange. Equity Contracts Equity options, total return swaps, and futures are used by the Company to manage its exposure to the equity markets which impacts the value of assets and liabilities it owns or anticipates acquiring or selling. Equity index options are contracts which will settle in cash based on differentials in the underlying indices at the time of exercise and the strike price. The Company uses combinations of purchases and sales of equity index options to hedge the effects of adverse changes in equity indices within a predetermined range. Total return swaps are contracts whereby the Company agrees with counterparties to exchange, at specified intervals, the difference between the return on an asset (or market index) and London Inter-Bank Offered Rate (“LIBOR”) plus an associated funding spread based on a notional amount. The Company generally uses total return swaps to hedge the effect of adverse changes in equity indices. In standardized exchange-traded equity futures transactions, the Company purchases or sells a specified number of contracts, the values of which are determined by the daily market values of underlying referenced equity indices. The Company enters into exchange-traded futures with regulated futures commission’s merchants who are members of a trading exchange. Foreign Exchange Contracts Currency derivatives, including currency futures, options, forwards and swaps, and foreign currency denominated debts are used by the Company to reduce risks from changes in currency exchange rates with respect to investments denominated in foreign currencies that the Company either holds or intends to acquire or sell, and to hedge the currency risk associated with net investments in foreign operations and anticipated earnings of its foreign operations. Under currency forwards, the Company agrees with counterparties to deliver a specified amount of an identified currency at a specified future date. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at the specified future date. As noted above, the Company uses currency forwards to mitigate the impact of changes in currency exchange rates on U.S. dollar-equivalent earnings generated by certain of its non-U.S. businesses, primarily its international insurance and investment operations. The Company executes forward sales of the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these currency forwards correspond with the future periods in which the non-U.S. dollar-denominated earnings are expected to be generated. Under currency swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between one currency and another at an exchange rate and calculated by reference to an agreed principal amount. Generally, the principal amount of each currency is exchanged at the beginning and termination of the currency swap by each party. Under foreign currency denominated debts, the Company uses a portion of its foreign currency denominated debt (same functional currency of its foreign subsidiaries) to hedge the risk of change in the net investment in a foreign subsidiary due to changes in exchange rates. These debt obligations reduce the Company’s foreign currency exposure from equity investment and act as hedge of the investment. Credit Contracts The Company writes credit default swaps to gain exposure similar to investment in public fixed maturity cash instruments. With these derivatives the Company sells credit protection on a single name reference, or certain index reference, and in return receives a quarterly premium. This premium or credit spread generally corresponds to the difference between the yield on the referenced name (or an index’s referenced names) public fixed maturity cash instruments and swap rates, at the time the agreement is executed. If there is an event of default by the referenced name or one of the referenced names in the index, as defined by the agreement, then the Company is obligated to pay the referenced amount of the contract to the counterparty and receive in return the referenced defaulted security or similar security (in the case of a credit default index) or pay the referenced amount less the auction recovery rate. See credit derivatives section for further discussion of guarantees. In addition to selling credit protection, the Company purchases credit protection using credit derivatives to hedge specific credit exposures in the Company’s investment portfolio. Other Contracts “To Be Announced” (“TBA”) Forward Contracts. The Company uses TBA forward contracts to gain exposure to the investment risk and return of mortgage-backed securities. TBA transactions can help the Company enhance the return on its investment portfolio, and can provide a more liquid and cost-effective method of achieving these goals than purchasing or selling individual mortgage-backed pools. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at a specified future date. Additionally, pursuant to the Company’s mortgage dollar roll program, TBAs or mortgage-backed securities are transferred to counterparties with a corresponding agreement to repurchase them at a future date. These transactions do not qualify as secured borrowings and are accounted for as derivatives. Loan Commitments. In its mortgage operations, the Company enters into commitments to fund commercial mortgage loans at specified interest rates and other applicable terms within specified periods of time. These commitments are legally binding agreements to extend credit to a counterparty. Loan commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. The determination of the fair value of loan commitments accounted for as derivatives considers various factors including, among others, terms of the related loan, the intended exit strategy for the loans based upon either securitization valuation models or investor purchase commitments, prevailing interest rates, origination income or expense, and the value of service rights. Loan commitments that relate to the origination of mortgage loans that will be held for investment are not accounted for as derivatives and accordingly are not recognized in the Company’s financial statements. See Note 23 for additional information. Embedded Derivatives. The Company offers certain products (for example, variable annuities) which may include guaranteed benefit features that are accounted for as embedded derivatives. These embedded derivatives are carried at fair value through “Realized investment gains (losses), net” based on the change in value of the underlying contractual guarantees, which are determined using valuation models. Synthetic Guarantees. The Company sells synthetic GICs, through investment-only sales channels, to investment vehicles primarily used by qualified defined contribution pension plans. The synthetic GICs are issued in respect of assets that are owned by the trustees of such plans, who invest the assets according to the contract terms agreed to with the Company. The contracts establish participant balances and credit interest thereon. The participant balances are supported by the underlying assets. In connection with certain participant-initiated withdrawals, the contract guarantees that after all underlying assets are liquidated, any remaining participant balances will be paid by the Company. These contracts are accounted for as derivatives and recorded at fair value. Primary Risks Managed by Derivatives The table below provides a summary of the gross notional amount and fair value of derivatives contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account of the netting effects of master netting agreements and cash collateral. This netting impact results in total derivative assets of $1,455 million and $3,266 million as of December 31, 2022 and 2021, respectively, and total derivative liabilities of $3,055 million and $2,278 million as of December 31, 2022 and 2021, respectively, reflected in the Consolidated Statements of Financial Position. December 31, 2022 December 31, 2021 Primary Underlying Risk/ Gross Fair Value Gross Fair Value Notional Assets Liabilities Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,627 $ 66 $ (245) $ 3,591 $ 805 $ (69) Interest Rate Forwards 398 0 (85) 248 15 (2) Foreign Currency Foreign Currency Forwards 4,830 155 (262) 4,789 62 (107) Currency/Interest Rate Foreign Currency Swaps 25,636 3,469 (333) 21,272 1,151 (193) Total Derivatives Designated as Hedge $ 34,491 $ 3,690 $ (925) $ 29,900 $ 2,033 $ (371) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 212,934 $ 9,097 $ (21,154) $ 196,124 $ 10,515 $ (14,430) Interest Rate Futures 18,080 13 (24) 17,429 76 (9) Interest Rate Options 9,778 224 (280) 15,353 710 (265) Interest Rate Forwards 2,354 21 (42) 4,709 41 (11) Foreign Currency Foreign Currency Forwards 31,317 1,556 (1,924) 28,235 1,046 (1,209) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 8,410 813 (170) 12,683 751 (216) Credit Credit Default Swaps 6,351 27 (57) 3,489 128 (1) Equity Equity Futures 1,372 1 (2) 6,178 1 (10) Equity Options 38,323 708 (1,590) 60,057 2,065 (2,640) Total Return Swaps 11,806 106 (184) 13,850 49 (430) Other Other(1) 1,250 0 0 1,255 0 0 Synthetic GICs 84,338 1 (1) 81,984 1 0 Total Derivatives Not Qualifying as Hedge $ 426,313 $ 12,567 $ (25,428) $ 441,346 $ 15,383 $ (19,221) Total Derivatives(2)(3)(4) $ 460,804 $ 16,257 $ (26,353) $ 471,246 $ 17,416 $ (19,592) __________ (1) “Other” primarily includes derivative contracts used to improve the balance of the Company’s tail longevity and mortality risk. Under these contracts, the Company’s gains (losses) are capped at the notional amount. (2) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $7,718 million and $10,245 million as of December 31, 2022, and 2021, respectively, primarily included in “Future policy benefits” and "Policyholder account balances". (3) Recorded in “Other invested assets” and “Other liabilities” on the Consolidated Statements of Financial Position. (4) Excludes “Assets held-for-sale” with fair value of $1,643 million and “Liabilities held-for-sale” with fair value of $1,503 million with outstanding gross notional amounts of $41,179 million as of December 31, 2021. See Note 1 for additional information. As of December 31, 2022, the following amounts were recorded on the Consolidated Statements of Financial Position related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges: December 31, 2022 December 31, 2021 Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of (in millions) Fixed maturities, available-for-sale, at fair value $ 297 $ 27 $ 641 $ 63 Commercial mortgage and other loans $ 0 $ 0 $ 17 $ 1 Policyholders’ account balances $ (966) $ 217 $ (1,552) $ (170) Future policy benefits $ (2,354) $ 391 $ (3,001) $ (279) ________ (1) There were no material fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued. Most of the Company’s derivatives do not qualify for hedge accounting for various reasons. For example: (i) derivatives that economically hedge embedded derivatives do not qualify for hedge accounting because changes in the fair value of the embedded derivatives are already recorded in net income; (ii) derivatives that are utilized as macro hedges of the Company’s exposure to various risks typically do not qualify for hedge accounting because they do not meet the criteria required under portfolio hedge accounting rules; and (iii) synthetic GICs, which are product standalone derivatives, do not qualify as hedging instruments under hedge accounting rules. Offsetting Assets and Liabilities The following tables present recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position: December 31, 2022 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,178 $ (14,802) $ 1,376 $ (702) $ 674 Securities purchased under agreement to resell 385 0 385 (385) 0 Total Assets $ 16,563 $ (14,802) $ 1,761 $ (1,087) $ 674 Offsetting of Financial Liabilities: Derivatives $ 26,352 $ (23,298) $ 3,054 $ (3,054) $ 0 Securities sold under agreement to repurchase 6,589 0 6,589 (6,589) 0 Total Liabilities $ 32,941 $ (23,298) $ 9,643 $ (9,643) $ 0 December 31, 2021 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets(2): Derivatives $ 17,272 $ (14,150) $ 3,122 $ (802) $ 2,320 Securities purchased under agreement to resell 704 0 704 (704) 0 Total Assets $ 17,976 $ (14,150) $ 3,826 $ (1,506) $ 2,320 Offsetting of Financial Liabilities(2): Derivatives $ 19,587 $ (17,314) $ 2,273 $ (797) $ 1,476 Securities sold under agreement to repurchase 10,185 0 10,185 (9,699) 486 Total Liabilities $ 29,772 $ (17,314) $ 12,458 $ (10,496) $ 1,962 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. (2) Excludes “Assets held-for-sale” with fair value of $1,643 million and “Liabilities held-for-sale” with fair value of $1,503 million as of December 31, 2021. See Note 1 for additional information. For information regarding the rights of offset associated with the derivative assets and liabilities in the table above, see “ — Counterparty Credit Risk” below. For securities purchased under agreements to resell and securities sold under agreements to repurchase, the Company monitors the value of the securities and maintains collateral, as appropriate, to protect against credit exposure. Where the Company has entered into repurchase and resale agreements with the same counterparty, in the event of default, the Company would generally be permitted to exercise rights of offset. For additional information regarding the Company’s accounting policy for securities repurchase and resale agreements, see Note 2. Cash Flow, Fair Value and Net Investment Hedges The primary derivative and non-derivative instruments used by the Company in its fair value, cash flow and net investment hedge accounting relationships are interest rate swaps, currency swaps, currency forwards, and foreign currency denominated debts. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, or equity derivatives in any of its fair value, cash flow or net investment hedge accounting relationships. The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, including the offset of the hedged item in fair value hedge relationships. Year Ended December 31, 2022 Realized Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 39 $ (5) $ 0 $ 0 $ (375) $ (438) $ 0 Currency (28) (2) 0 0 0 (224) 0 Total gains (losses) on derivatives designated as hedge instruments 11 (7) 0 0 (375) (662) 0 Gains (losses) on the hedged item: Interest Rate (39) 14 0 0 387 448 0 Currency 31 9 0 0 0 225 0 Total gains (losses) on hedged item (8) 23 0 0 387 673 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 (4) (19) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 (4) (19) Total gains (losses) on fair value hedges net of hedged item 3 16 0 0 12 7 (19) Cash flow hedges Interest Rate (4) (3) 0 0 0 0 (217) Currency 15 0 0 0 0 0 191 Currency/Interest Rate 121 299 477 0 0 0 1,623 Total gains (losses) on cash flow hedges 132 296 477 0 0 0 1,597 Net investment hedges Currency 0 0 0 0 0 0 2 Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 2 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (9,893) 0 0 0 0 0 0 Currency (400) 0 (3) 0 0 0 0 Currency/Interest Rate 854 0 6 0 0 0 0 Credit 5 0 0 0 0 0 0 Equity 1,409 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 Embedded Derivatives 6,192 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,831) 0 3 0 0 0 0 Total $ (1,696) $ 312 $ 480 $ 0 $ 12 $ 7 $ 1,580 Year Ended December 31, 2021 Realized Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 20 $ (9) $ 0 $ 0 $ (98) $ (73) $ 0 Currency (8) 0 0 0 0 6 0 Total gains (losses) on derivatives designated as hedge instruments 12 (9) 0 0 (98) (67) 0 Gains (losses) on the hedged item: Interest Rate (24) 16 0 0 133 96 0 Currency 7 2 0 0 0 (6) 0 Total gains (losses) on hedged item (17) 18 0 0 133 90 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency ............................................. 0 0 0 0 0 (6) (46) Total amortization for gains (losses) excluded from assessment of the effectiveness ...................................... 0 0 0 0 0 (6) (46) Total gains (losses) on fair value hedges net of hedged item (5) 9 0 0 35 17 (46) Cash flow hedges Interest Rate (2) 2 0 0 0 0 (13) Currency (4) 0 0 0 0 0 48 Currency/Interest Rate 105 271 181 0 0 0 1,152 Total gains (losses) on cash flow hedges 99 273 181 0 0 0 1,187 Net investment hedges Currency 0 0 0 0 0 0 (9) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 (9) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,875) 0 0 0 0 0 0 Currency (364) 0 (3) 0 0 0 0 Currency/Interest Rate 802 0 5 0 0 0 0 Credit 61 0 0 0 0 0 0 Equity (2,600) 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 Embedded Derivatives 5,674 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 1,699 0 2 0 0 0 0 Total $ 1,793 $ 282 $ 183 $ 0 $ 35 $ 17 $ 1,132 Year Ended December 31, 2020 Realized Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ (17) $ (8) $ 0 $ 0 $ 236 $ 186 $ 0 Currency 0 0 0 0 0 46 0 Total gains (losses) on derivatives designated as hedge instruments (17) (8) 0 0 236 232 0 Gains (losses) on the hedged item: Interest Rate 16 18 0 0 (196) (155) 0 Currency 0 1 0 0 0 (46) 0 Total gains (losses) on hedged item 16 19 0 0 (196) (201) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency ............................................. 0 0 0 0 0 (1) 10 Total amortization for gains (losses) excluded from assessment of the effectiveness ...................................... 0 0 0 0 0 (1) 10 Total gains (losses) on fair value hedges net of hedged item (1) 11 0 0 40 30 10 Cash flow hedges Interest Rate 40 1 0 (1) 0 0 7 Currency 5 0 0 0 0 0 (69) Currency/Interest Rate 99 314 (303) 0 0 0 (938) Total gains (losses) on cash flow hedges 144 315 (303) (1) 0 0 (1,000) Net investment hedges Currency (7) 0 126 0 0 0 (128) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges (7) 0 126 0 0 0 (128) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 5,800 0 0 0 0 0 0 Currency 100 0 (1) 0 0 0 0 Currency/Interest Rate (188) 0 (4) 0 0 0 0 Credit (56) 0 0 0 0 0 0 Equity (5,623) 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 Embedded Derivatives (4,882) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (4,847) 0 (5) 0 0 0 0 Total $ (4,711) $ 326 $ (182) $ (1) $ 40 $ 30 $ (1,118) __________ (1) Excluding changes related to net investment hedges using non-derivative instruments of $134 million for year ended December 31, 2022, $25 million for year ended December 31, 2021, and $(21) million for year ended December 31, 2020. Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2019 $ 832 Amount recorded in AOCI Interest Rate 47 Currency (64) Currency/Interest Rate (828) Total amount recorded in AOCI (845) Amount reclassified from AOCI to income Interest Rate (40) Currency (5) Currency/Interest Rate (110) Total amount reclassified from AOCI to income (155) Balance, December 31, 2020 $ (168) Amount recorded in AOCI Interest Rate (13) Currency 44 Currency/Interest Rate 1,709 Total amount recorded in AOCI 1,740 Amount reclassified from AOCI to income Interest Rate 0 Currency 4 Currency/Interest Rate (557) Total amount reclassified from AOCI to income (553) Balance, December 31, 2021 $ 1,019 Amount recorded in AOCI Interest Rate (224) Currency 206 Currency/Interest Rate 2,520 Total amount recorded in AOCI 2,502 Amount reclassified from AOCI to income Interest Rate 7 Currency (15) Currency/Interest Rate (897) Total amount reclassified from AOCI to income (905) Balance, December 31, 2022 $ 2,616 The changes in fair value of cash flow hedges are deferred in AOCI and are included in “Net unrealized investment gains (losses)” in the Consolidated Statements of Comprehensive Income; these amounts are then reclassified to earnings when the hedged item affects earnings. Using December 31, 2022 values, it is estimated that a pre-tax gain of approximately $263 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending December 31, 2023. The exposures the Company is hedging with these qualifying cash flow hedges include the variability of future cash flows from forecasted transactions denominated in foreign currencies, the purchases of invested assets, and the receipt or payment of variable interest on existing financial instruments. The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions is 29 years. There were no material amounts reclassified from AOCI into earnings relating to instances in which the Company discontinued cash flow hedge accounting because the forecasted transaction did not occur by the anticipated date or within the additional time period permitted by the authoritative guidance for the accounting for derivatives and hedging. In addition, there were no instances in which the Company discontinued fair value hedge accounting due to a hedged firm commitment no longer qualifying as a fair value hedge. For net investment hedges, in addition to derivatives, the Company uses foreign currency denominated debt to hedge the risk of change in the net investment in a foreign subsidiary due to changes in exchange rates. For effective net investment hedges, the amounts, before applicable taxes, recorded in the cumulative translation adjustment within AOCI were $134 million for the year ended December 31, 2022, $16 million for the year ended December 31, 2021, and $(149) million for the year ended December 31, 2020. Credit Derivatives The following tables provide a summary of the notional and fair value of written credit protection, presented as assets (liabilities). The Company’s maximum amount at risk under these credit derivatives, assuming the value of the underlying referenced securities become worthless, is equal to the notional amounts. These credit derivatives have maturities of less than 25 years for index references. December 31, 2022 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 48 0 0 0 5,197 (46) 0 0 0 0 782 15 6,027 (31) Total $ 48 $ 0 $ 0 $ 0 $ 5,197 $ (46) $ 0 $ 0 $ 0 $ 0 $ 782 $ 15 $ 6,027 $ (31) December 31, 2021 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total(3) Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 49 0 0 0 2,397 41 0 0 0 0 928 87 3,374 128 Total $ 49 $ 0 $ 0 $ 0 $ 2,397 $ 41 $ 0 $ 0 $ 0 $ 0 $ 928 $ 87 $ 3,374 $ 128 _________ (1) The NAIC rating designations are based on availability and the lowest ratings among Moody's Investors Service, Inc. ("Moody's"), Standard & Poor’s Rating Services (“S&P”) and Fitch Ratings Inc. (“Fitch”). If no rating is available from a rating agency, a NAIC 6 rating is used. (2) Single name credit default swaps may make reference to the credit of corporate debt, sovereign debt, and structured finance. Index references NAIC designations are based on the lowest rated single name reference included in the index. (3) Excludes “Assets held-for-sale” with fair value of $54 million and “Liabilities held-for-sale” with fair value of $0 million, with an outstanding notional amount of $1,971 million as of December 31, 2021. See Note 1 for additional information. In addition to writing credit protection, the Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. As of Counterparty Credit Risk The Company is exposed to losses in the event of non-performance by counterparties to financial derivative transactions with a positive fair value. The Company manages credit risk by: (i) entering into derivative transactions with highly rated major financial institutions and other creditworthy counterparties governed by master netting agreements, as applicable; (ii) trading through central clearing and over-the-counter (“OTC”) parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single party credit exposures which are subject to periodic management review. Substantially all of the Company’s derivative agreements have zero thresholds which require daily full collateralization by the party in a liability position. In addition, certain of the Company’s derivative agreements contain credit-risk related contingent features; if the credit rating of one of the parties to the derivative agreement is to fall below a certain level, the party with positive fair value could request termination at the then fair value or demand immediate full collateralization from the party whose credit rating fell and is in a net liability position.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	12 Months Ended
Fair Value of Assets and Liabilities	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	FAIR VALUE OF ASSETS AND LIABILITIES Fair Value Measurement —Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: Level 1—Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. The Company’s Level 1 assets and liabilities primarily include certain cash equivalents and short-term investments, equity securities and derivative contracts that trade on an active exchange market. Level 2—Fair value is based on significant inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, and other market observable inputs. The Company’s Level 2 assets and liabilities include: fixed maturities (corporate public and private bonds, most government securities, certain asset-backed and mortgage-backed securities, etc.), certain equity securities (mutual funds, which do not trade in active markets because they are not publicly available), certain commercial mortgage loans, short-term investments and certain cash equivalents (primarily commercial paper), and certain OTC derivatives. Level 3—Fair value is based on at least one significant unobservable input for the asset or liability. The assets and liabilities in this category may require significant judgment or estimation in determining the fair value. The Company’s Level 3 assets and liabilities primarily include: certain private fixed maturities and equity securities, certain manually priced public equity securities and fixed maturities, certain highly structured OTC derivative contracts, certain consolidated real estate funds for which the Company is the general partner and embedded derivatives resulting from certain products with guaranteed benefits. Assets and Liabilities by Hierarchy Level —The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated: As of December 31, 2022 Level 1 Level 2 Level 3 Netting(2) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 26,069 $ 0 $ $ 26,069 Obligations of U.S. states and their political subdivisions 0 9,682 7 9,689 Foreign government bonds 0 73,218 8 73,226 U.S. corporate public securities 0 87,521 65 87,586 U.S. corporate private securities(3) 0 34,487 2,392 36,879 Foreign corporate public securities 0 20,621 66 20,687 Foreign corporate private securities 0 26,325 1,335 27,660 Asset-backed securities(4) 0 12,582 269 12,851 Commercial mortgage-backed securities 0 9,644 1,011 10,655 Residential mortgage-backed securities 0 2,408 9 2,417 Subtotal $ 0 $ 302,557 $ 5,162 $ 307,719 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 189 $ 0 $ 189 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 668 0 668 Corporate securities 0 88 0 88 Asset-backed securities(4) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 780 1,119 0 1,899 All other(5) 0 0 0 0 Subtotal 780 2,064 0 2,844 Fixed maturities, trading 0 5,647 304 5,951 Equity securities 4,338 2,185 627 7,150 Commercial mortgage and other loans 0 137 0 137 Other invested assets(6) 15 16,241 539 (14,802) 1,993 Short-term investments 341 3,428 18 3,787 Cash equivalents 544 6,930 0 7,474 Other assets 0 0 176 176 Separate account assets(7)(8) 8,310 162,414 1,081 171,805 Total assets $ 14,328 $ 501,603 $ 7,907 $ (14,802) $ 509,036 Future policy benefits(9) $ 0 $ 0 $ 4,746 $ $ 4,746 Policyholders’ account balances 0 0 3,492 3,492 Other liabilities 26 25,953 1 (23,298) 2,682 Notes issued by consolidated VIEs 0 0 0 0 Total liabilities $ 26 $ 25,953 $ 8,239 $ (23,298) $ 10,920 As of December 31, 2021(1) Level 1 Level 2 Level 3 Netting(2) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 32,158 $ 0 $ $ 32,158 Obligations of U.S. states and their political subdivisions 0 12,210 8 12,218 Foreign government bonds 0 94,659 10 94,669 U.S. corporate public securities 0 112,073 82 112,155 U.S. corporate private securities(3) 0 35,344 2,038 37,382 Foreign corporate public securities 0 27,184 125 27,309 Foreign corporate private securities 0 25,966 3,071 29,037 Asset-backed securities(4) 0 11,200 325 11,525 Commercial mortgage-backed securities 0 11,763 1,336 13,099 Residential mortgage-backed securities 0 2,533 325 2,858 Subtotal 0 365,090 7,320 372,410 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 193 0 193 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 761 0 761 Corporate securities 0 103 0 103 Asset-backed securities(4) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 862 1,409 0 2,271 All other(5) 2 18 0 20 Subtotal 864 2,484 0 3,348 Fixed maturities, trading 0 8,402 421 8,823 Equity securities 7,386 192 799 8,377 Commercial mortgage and other loans 0 1,263 0 1,263 Other invested assets(6) 409 17,004 493 (14,150) 3,756 Short-term investments 1,199 4,114 330 5,643 Cash equivalents 753 4,436 70 5,259 Other assets 0 0 164 164 Separate account assets(7)(8) 12,305 206,383 1,283 219,971 Total assets $ 22,916 $ 609,368 $ 10,880 $ (14,150) $ 629,014 Future policy benefits(9) $ 0 $ 0 $ 9,068 $ $ 9,068 Policyholders’ account balances 0 0 1,436 1,436 Other liabilities 33 19,141 0 (17,314) 1,860 Notes issued by consolidated VIEs 0 0 0 0 Total liabilities $ 33 $ 19,141 $ 10,504 $ (17,314) $ 12,364 __________ (1) Excludes amounts for financial instruments reclassified to “Assets held-for-sale of $129,579 million and “Liabilities held-for-sale” of $6,214 million. Assets held-for-sale and liabilities held-for-sale are valued on a basis consistent with similar instruments described herein. See Note 1 for additional information. (2) “Netting” amounts represent cash collateral of $(8,496) million and $(3,164) million as of December 31, 2022 and 2021, respectively. (3) Excludes notes with fair value of $8,040 million (carrying amount of $8,040 million) and $5,995 million (carrying amount of $5,941 million) as of December 31, 2022 and 2021, respectively, which have been offset with the associated payables under a netting agreement. (4) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (5) All other represents cash equivalents and short-term investments. (6) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. At December 31, 2022 and 2021, the fair values of such investments were $3,689 million and $4,290 million respectively. (7) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and other invested assets. At December 31, 2022 and 2021, the fair value of such investments were $25,874 million and $26,174 million, respectively. (8) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statements of Financial Position. (9) As of December 31, 2022, the net embedded derivative liability position of $4,746 million includes $807 million of embedded derivatives in an asset position and $5,553 million of embedded derivatives in a liability position. As of December 31, 2021, the net embedded derivative liability position of $9,069 million includes $611 million of embedded derivatives in an asset position and $9,680 million of embedded derivatives in a liability position. The methods and assumptions the Company uses to estimate the fair value of assets and liabilities measured at fair value on a recurring basis are summarized below. Fixed Maturity Securities —The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Prices for each security are generally sourced from multiple pricing vendors, and a vendor hierarchy is maintained by asset type based on historical pricing experience and vendor expertise. The Company ultimately uses the price from the pricing service highest in the vendor hierarchy based on the respective asset type. The pricing hierarchy is updated for new financial products and recent pricing experience with various vendors. Consistent with the fair value hierarchy described above, securities with validated quotes from pricing services are generally reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Typical inputs used by these pricing services include but are not limited to, reported trades, benchmark yields, issuer spreads, bids, offers, and/or estimated cash flow, prepayment speeds and default rates. If the pricing information received from third-party pricing services is deemed not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process with the pricing service or classify the securities as Level 3. If the pricing service updates the price to be more consistent with the presented market observations, the security remains within Level 2. Internally-developed valuations or indicative broker quotes are also used to determine fair value in circumstances where vendor pricing is not available, or where the Company ultimately concludes that pricing information received from the independent pricing services is not reflective of market activity. If the Company concludes the values from both pricing services and brokers are not reflective of market activity, it may override the information with an internally-developed valuation. As of December 31, 2022 and 2021, overrides on a net basis were not material. Pricing service overrides, internally-developed valuations and indicative broker quotes are generally included in Level 3 in the fair value hierarchy. The Company conducts several specific price monitoring activities. Daily analyses identify price changes over predetermined thresholds defined at the financial instrument level. Various pricing integrity reports are reviewed on a daily and monthly basis to determine if pricing is reflective of market activity or if it would warrant any adjustments. Other procedures performed include, but are not limited to, reviews of third-party pricing services methodologies, reviews of pricing trends and back testing. The fair values of private fixed maturities, which are originated by internal private asset managers, are primarily determined using discounted cash flow models. These models primarily use observable inputs that include Treasury or similar base rates plus estimated credit spreads to value each security. The credit spreads are obtained through a survey of private market intermediaries who are active in both primary and secondary transactions, and consider, among other factors, the credit quality and the reduced liquidity associated with private placements. Internal adjustments are made to reflect variation in observed sector spreads. Since most private placements are valued using standard market observable inputs and inputs derived from, or corroborated by, market observable data including, but not limited to observed prices and spreads for similar publicly-traded issues, they have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model may incorporate significant unobservable inputs, which reflect the Company’s own assumptions about the inputs that market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the price of a security, a Level 3 classification is made. Assets Supporting Experience-Rated Contractholder Liabilities —Assets supporting experience-rated contractholder liabilities consist primarily of fixed maturity securities, equity securities and derivatives whose fair values are determined consistent with similar instruments described above under “Fixed Maturity Securities” and below under “Equity Securities” and “Derivative Instruments.” Equity Securities —Equity securities consist principally of investments in common and preferred stock of publicly-traded companies, perpetual preferred stock, privately-traded securities, as well as mutual fund shares. The fair values of most publicly-traded equity securities are based on quoted market prices in active markets for identical assets and are classified within Level 1 in the fair value hierarchy. Estimated fair values for most privately traded equity securities are determined using discounted cash flow, earnings multiple and other valuation models that require a substantial level of judgment around inputs and therefore are classified within Level 3. The fair values of mutual fund shares that transact regularly (but do not trade in active markets because they are not publicly available) are based on transaction prices of identical fund shares and are classified within Level 2 in the fair value hierarchy. The fair values of perpetual preferred stock are based on inputs obtained from independent pricing services that are primarily based on indicative broker quotes. As a result, the fair values of perpetual preferred stock are classified as Level 3. Commercial Mortgage and Other Loans —The fair value of loans held and accounted for using the fair value option is determined utilizing pricing indicators from the whole loan market, where investors are committed to purchase these loans at a predetermined price, which is considered the principal exit market for these loans. The Company evaluates the valuation inputs used for these assets, including the existence of predetermined exit prices, the terms of the loans, prevailing interest rates and credit risk, and deems the primary pricing inputs are Level 2 inputs in the fair value hierarchy. Other Invested Assets —Other invested assets primarily include investments in LPs/LLCs, derivatives and certain limited partnerships which are consolidated because the Company is either deemed to exercise control or considered the primary beneficiary of a variable interest entity. These entities are primarily investment companies and follow specialized industry accounting whereby their assets are carried at fair value. The investments held by these entities include various feeder fund investments in underlying master funds (whose underlying holdings generally include public fixed maturities, equity securities and mutual funds), as well as wholly-owned real estate held within other investment funds. For the unconsolidated fund investments, the fair value is primarily determined by the fund managers and is measured at NAV as a practical expedient. Other Assets —Other assets reflected in Level 3 primarily include reinsurance recoverables which are carried at fair value and relate to the reinsurance of the Company’s living benefit guarantees on certain variable annuity contracts. The methods and assumptions used to estimate the fair value are consistent with those described below under “Future Policy Benefits.” Derivative Instruments —Derivatives are recorded at fair value either as assets, within “Other invested assets” or as liabilities, within “Other liabilities,” except for embedded derivatives which are recorded with the associated host contract. The fair values of derivative contracts can be affected by changes in interest rates, foreign exchange rates, commodity prices, credit spreads, market volatility, expected returns, NPR, liquidity and other factors. For derivative positions included within Level 3 of the fair value hierarchy, liquidity valuation adjustments are made to reflect the cost of exiting significant risk positions, and consider the bid-ask spread, maturity, complexity and other specific attributes of the underlying derivative position. The Company’s exchange-traded futures and options include Treasury futures, Eurodollar futures, commodity futures, Eurodollar options and commodity options. Exchange-traded futures and options are valued using quoted prices in active markets and are classified within Level 1 in the fair value hierarchy. The majority of the Company’s derivative positions are traded in the OTC derivative market and are classified within Level 2 in the fair value hierarchy. OTC derivatives classified within Level 2 are valued using models that utilize actively quoted or observable market input from external market data providers, third-party pricing vendors and/or recent trading activity. The Company’s policy is to use mid-market pricing in determining its best estimate of fair value. The fair values of most OTC derivatives, including interest rate and cross-currency swaps, currency forward contracts, commodity forward contracts, credit default swaps, loan commitments held for sale and TBA forward contracts on highly rated mortgage-backed securities issued by U.S. government sponsored entities are determined using discounted cash flow models. The fair values of European style option contracts are determined using Black-Scholes option pricing models. These models’ key inputs include the contractual terms of the respective contract, along with significant observable inputs, including interest rates, currency rates, credit spreads, equity prices, index dividend yields, NPR, volatility and other factors. The Company’s cleared interest rate swaps and credit derivatives linked to an index are valued using models that utilize actively quoted or observable market inputs, including the secured overnight financing rate (“SOFR”) , obtained from external market data providers, third-party pricing vendors and/or recent trading activity. These derivatives are classified as Level 2 in the fair value hierarchy. The majority of the Company’s derivative agreements are with highly rated major international financial institutions. To reflect the market’s perception of its own and the counterparty’s NPR, the Company incorporates additional spreads over LIBOR into the discount rate used in determining the fair value of OTC derivative assets and liabilities after netting of collateral. Derivatives classified as Level 3 include look-back equity options and other structured products. These derivatives are valued based upon models, such as Monte Carlo simulation models and other techniques that utilize significant unobservable inputs. Level 3 methodologies are validated through periodic comparison of the Company’s fair values to external broker-dealer values. Cash Equivalents and Short-Term Investments —Cash equivalents and short-term investments include money market instruments, commercial paper and other highly liquid debt instruments. Certain money market instruments are valued using unadjusted quoted prices in active markets that are accessible for identical assets and are primarily classified as Level 1. The remaining instruments in this category are generally fair valued based on market observable inputs and these investments have primarily been classified within Level 2. Separate Account Assets —Separate account assets include mutual funds, fixed maturity securities, treasuries, equity securities, real estate and commercial mortgage loans for which values are determined consistent with similar instruments described above under “Fixed Maturity Securities,” “Equity Securities” and “Commercial Mortgage and Other Loans.” Future Policy Benefits —The liability for future policy benefits is related to guarantees primarily associated with the living benefit features of certain variable annuity contracts offered by the Company’s Individual Retirement Strategies segment, including guaranteed minimum accumulation benefits (“GMAB”), guaranteed withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”), accounted for as embedded derivatives. The fair values of these liabilities are calculated as the present value of future expected benefit payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature. This methodology could result in either a liability or asset balance, given changing capital market conditions and various actuarial assumptions. Since there is no observable active market for the transfer of these obligations, the valuations are calculated using internally-developed models with option pricing techniques. The models are based on a risk neutral valuation framework and incorporate premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows. The determination of these risk premiums requires the use of management’s judgment. The significant inputs to the valuation models for these embedded derivatives include capital market assumptions, such as interest rate levels and volatility assumptions, the Company’s market-perceived NPR, as well as actuarially determined assumptions, including contractholder behavior, such as lapse rates, benefit utilization rates, withdrawal rates, and mortality rates. Since many of these assumptions are unobservable and are considered to be significant inputs to the liability valuation, the liability included in future policy benefits has been reflected within Level 3 in the fair value hierarchy . Capital market inputs and actual policyholders’ account values are updated each quarter based on capital market conditions as of the end of the quarter, including interest rates, equity markets and volatility. In the risk neutral valuation, the initial swap curve drives the total return used to grow the policyholders’ account values. The Company’s discount rate assumption wa s based on the SOFR swap curve , as of December 31, 2022, and the LIBOR swap curve as of December 31, 2021, and adjusted for an additional spread to reflect NPR. Actuarial assumptions, including contractholder behavior and mortality, are reviewed at least annually, and updated based upon emerging experience, future expectations and other data, including any observable market data. These assumptions are generally updated annually unless a material change that the Company feels is indicative of a long-term trend is observed in an interim period. Policyholders’ Account Balances —The liability for policyholders’ account balances is related to certain embedded derivative instruments associated with certain universal life and annuity products that provide the policyholders with the index-linked interest credited over contract specified term periods. The fair values of these liabilities are determined using discounted cash flow models which include capital market assumptions such as interest rates and equity index volatility assumptions, the Company’s market-perceived NPR and actuarially determined assumptions for mortality, lapses and projected hedge costs. As there is no observable active market for these liabilities, the fair value is determined as the present value of account balances paid to policyholders in excess of contractually guaranteed minimums using option pricing techniques for index term periods that contain deposits as of the valuation date, and the expected option cost for future index term periods, where the terms of index crediting rates have not yet been declared by the Company. Premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows are also incorporated in the fair value of these liabilities. Since the valuation of these liabilities require the use of management’s judgement to determine these risk premiums and the use of unobservable inputs, these liabilities are reflected within Level 3 in the fair value hierarchy. Capital market inputs, including interest rates and equity markets volatility, and actual policyholders’ account values are updated each quarter. Actuarial assumptions are reviewed at least annually and updated based upon emerging experience, future expectations and other data, including any observable market data. Aside from these annual updates, assumptions are generally updated only if a material change is observed in an interim period that the Company believes is indicative of a long-term trend. Other Liabilities —Other liabilities include certain derivative instruments and the contingent consideration liability associated with the acquisition of Assurance IQ. The fair values of derivative instruments are primarily determined consistent with those described above under “Derivative Instruments.” For the contingent consideration liability, see Note 23 for additional information. Notes issued by Consolidated VIEs —These notes are based on the fair values of corresponding bank loan collateral. Since the notes are valued based on reference collateral, they are classified as Level 3. See Note 4 and “Fair Value Option” below for additional information. Quantitative Information Regarding Internally - Priced Level 3 Assets and Liabilities —The tables below present quantitative information regarding significant internally-priced Level 3 assets and liabilities: As of December 31, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,128 Discounted cash flow(5) Discount rate 0.61% 20% 8.09% Decrease Market comparables EBITDA multiples(4) 2.2X 23.5X 8.3X Increase Liquidation Liquidation value 8.16% 8.25% 8.21% Increase Equity securities $ 290 Discounted cash flow(5) Discount rate 0.2% 20% Decrease Market comparables EBITDA multiples(4) 1X 7.5X 4.0X Increase Net Asset Value Share price $6 $1,708 $22 Increase Separate account assets-commercial mortgage loans(6) $ 74 Discounted cash flow Spread 1.25% 2.10% 1.44% Decrease Liabilities: Future policy benefits(7) $ 4,746 Discounted cash flow Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.50% 2.20% Decrease Utilization rate(11) 38% 95% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 18% 26% Increase Policyholders’ account balances(8) $ 3,492 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.17% 1.93% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 30% Increase Option Budget(14) (2)% 6% Increase As of December 31, 2021 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 4,800 Discounted cash flow(5) Discount rate 0.31% 20% 5.00% Decrease Market comparables EBITDA multiples(4) 4.1X 19.2X 8.9X Increase Liquidation Liquidation value 11.31% 62.58% 55.57% Increase Equity securities $ 277 Discounted cash flow(5) Discount rate 0.5% 20% Decrease Market comparables EBITDA multiples(4) 1X 7.5X 4.0X Increase Net Asset Value Share price $1 $1,498 $594 Increase Separate account assets-commercial mortgage loans(6) $ 150 Discounted cash flow Spread 1.05% 1.98% 1.18% Decrease Liabilities: Future policy benefits(7) $ 9,068 Discounted cash flow Lapse rate(9) 1% 20% Decrease Spread over LIBOR(10) 0.03% 1.14% Decrease Utilization rate(11) 39% 96% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 16% 25% Increase Policyholders’ account balances(8) $ 1,436 Discounted Lapse rate(9) 1% 42% Decrease Spread over LIBOR(10) 0.03% 1.14% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 31% Increase __________ (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities available-for-sale, assets supporting experience-rated contractholder liabilities and fixed maturities, trading. (3) Excludes notes which have been offset with the associated payables under a netting agreement. (4) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (5) Includes certain investments where enterprise value is less than the amount needed to support senior and subordinated claims. These investments typically use a range of discount rates (10% to 20%), therefore presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) Changes in the fair value of separate account assets are borne by customers and thus are offset by changes in separate account liabilities on the Company’s Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Consolidated Statements of Operations. (7) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (8) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (9) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (10) The spread over the Secured Overnight Financing Rate (“SOFR”) swap curve and the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (SOFR or LIBOR, as applicable) to reflect the Company’s estimates of rates that a market participant would use to value the living benefits in both the acc

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
Deferred Policy Acquisition Costs	Dec. 31, 2022
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	DEFERRED POLICY ACQUISITION COSTS The balances of and changes in DAC as of and for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Balance, beginning of period $ 18,192 $ 19,027 $ 19,912 Capitalization of commissions, sales and issue expenses 2,197 2,548 2,763 Amortization—Impact of assumption and experience unlocking and true-ups (296) 35 (36) Amortization—All other (2,133) (2,132) (2,185) Change due to unrealized investment gains and losses 1,398 717 (379) Foreign currency translation (449) (457) 142 Reclassified to “Assets held-for-sale”(1) 0 (1,197) 0 Other(2) 628 (349) (1,190) Balance, end of period $ 19,537 $ 18,192 $ 19,027 __________ (1) See Note 1 for additional information. (2) 2022 primarily represents activity associated with reinsurance agreements in connection with the sale of PALAC, 2021 represents the sale of The Prudential Life Insurance Company of Taiwan Inc., and 2020 represents the sale of The Prudential Life Insurance Company of Korea, Ltd. See Note 1 for additional information regarding these dispositions.

Value of Business Acquired

Value of Business Acquired	12 Months Ended
Value of Business Acquired	Dec. 31, 2022
Present Value of Future Insurance Profits [Abstract]
Value of Business Acquired	VALUE OF BUSINESS ACQUIRED The balances of and changes in VOBA as of and for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Balance, beginning of period $ 771 $ 1,103 $ 1,110 Amortization—Impact of assumption and experience unlocking and true-ups (2) 5 (317) Amortization—All other (86) (124) (212) Change due to unrealized investment gains and losses 19 67 418 Interest 15 25 56 Foreign currency translation (95) (90) 48 Reclassified to “Assets held-for-sale”(1) 0 (215) 0 Other (27) 0 0 Balance, end of period $ 595 $ 771 $ 1,103 __________ (1) See Note 1 for additional information. The following table provides VOBA balances for the year ended December 31, 2022: VOBA (in millions) Gibraltar Life $ 571 Gibraltar BSN Life Berhad 1 Aoba Life 23 Total $ 595 The following table provides estimated future amortization, net of interest, for the periods indicated: 2023 2024 2025 2026 2027 Thereafter Total (in millions) Estimated future VOBA amortization $ 56 $ 51 $ 47 $ 44 $ 40 $ 357 $ 595

Investments In Operating Joint

Investments In Operating Joint Ventures	12 Months Ended
Investments In Operating Joint Ventures	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments In Operating Joint Ventures	INVESTMENTS IN OPERATING JOINT VENTURES The Company has made investments in certain joint ventures that are strategic in nature and are made for other than the sole purpose of generating investment income. These investments are primarily accounted for under the e quity method of accounting and are included in “Other assets” in the Company’s Consolidated Statements of Financial Position. The earnings from these investments are primarily included on an after-tax basis in “Equity in earnings of operating joint ventures, net of taxes” in the Company’s Consolidated Statements of Operations. The summarized financial information for the Company’s operating joint ventures has been included in the summarized combined financial information for all significant equity method investments shown in Note 3. The following table sets forth information related to the Company’s investments in operating joint ventures as of and for the years ended December 31: 2022 2021(1) 2020 (in millions) Investment in operating joint ventures $ 1,181 $ 1,317 $ 1,394 Dividends received from operating joint ventures $ 81 $ 116 $ 60 After-tax equity in earnings of operating joint ventures $ (56) $ 87 $ 96 __________ (1) In March of 2021, the Company sold its 35% ownership stake in Pramerica SGR, an asset management joint venture within PGIM. See Note 1 for additional information regarding this disposition. For the years ended December 31, 2022, 2021 and 2020, the Company recognized less than $1 million, $11 million and $30 million, respectively, of asset management fee income for services the Company provided to these operating joint ventures.

Goodwill and Other Intangibles

Goodwill and Other Intangibles	12 Months Ended
Goodwill and Other Intangibles	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	GOODWILL AND OTHER INTANGIBLES The changes in the carrying value of goodwill by reportable segment are as follows: PGIM Assurance IQ International Corporate and Other Other(1) Total (in millions) Goodwill balance, December 31, 2019: $ 254 $ 2,128 $ 165 $ 456 $ 10 $ 3,013 Foreign currency translation and other(2) 4 12 (21) 27 0 22 Goodwill balance, December 31, 2020: 258 2,140 144 483 10 3,035 Acquisitions(3) 304 0 0 0 0 304 Impairments 0 (1,060) 0 0 0 (1,060) Foreign currency translation (4) 0 (14) (2) 0 (20) Reclassified to “Assets held-for-sale”(4) 0 0 0 (455) 0 (455) Goodwill balance, December 31, 2021: 558 1,080 130 26 10 1,804 Impairments 0 (903) 0 0 0 (903) Foreign currency translation (9) 0 (15) (1) 0 (25) Goodwill balance, December 31, 2022: $ 549 $ 177 $ 115 $ 25 $ 10 $ 876 __________ (1) Other includes goodwill balances assigned to Individual Retirement Strategies, Individual Life, and Group Insurance. (2) The goodwill associated with Assurance IQ includes a measurement period adjustment made during 2020. The goodwill reclassification between International Businesses and Corporate and Other relates to an operation that became classified as a divested business and transferred to Corporate and Other during 2020. (3) During 2021, PGIM completed the acquisitions of Montana Capital Partners, a European-based private equity secondaries asset manager, and Green Harvest Asset Management LLC, a separately managed account platform providing customized solutions for the high net worth market. (4) The Full Service Retirement business was classified as a divested business and transferred to Corporate and Other, and its assets, including goodwill, were reclassified to “Assets held-for-sale” as of December 31, 2021. The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition. The Company tests goodwill for impairment annually, as of December 31, and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount, as discussed in further detail in Note 2. The Company performed the annual goodwill impairment test using the quantitative approach for all reporting units at December 31, 2022. While the estimated fair value of PGIM and Gibraltar and Other, within the International Businesses segment, significantly exceeded their carrying value as of December 31, 2022, the test resulted in a $903 million pre-tax ($713 million after-tax) non-cash impairment charge, related to the goodwill assigned to Assurance IQ. In 2021, the Company recorded a $1,060 million pre-tax goodwill impairment ($837 million after-tax), also related to Assurance IQ, while the Company had no goodwill impairment in 2020. The annual quantitative goodwill impairment test for Assurance IQ estimated the fair value of the business by weighting the results from an income approach, based on discounted cash flow valuation techniques and a market valuation approach based on a forward sales multiple. The discounted cash flow valuation incorporated projected future cash flows based on the Company’s internal forecasts including expected synergies, and a range of terminal values based on an expected long-term growth rate and market-based multiples. The market approach derived the value of Assurance IQ based on comparable publicly traded companies by utilizing forward market multiples based on independent analysts’ consensus estimates for each company’s forecasted sales. The decline in the estimated fair value of Assurance IQ below its carrying value as of December 31, 2022 was driven mainly by revisions of the forecasted results as part of the annual strategic review of the business performed in the fourth quarter of 2022 in combination with other factors as discussed below. The revisions of the long-term forecasts, as part of the annual strategic review of Assurance IQ in the fourth quarter of 2022 reflected lower growth rates across all product lines driven by challenges in scaling and extended expected timing of reaching sustained profitability. The long-term projections also incorporated changes in the expected terminal values and synergies to be realized and were reflective of the current and expected industry and market conditions and trends. These revisions, combined with higher discount rates, led to declines in the present value of the projected cash flows and the estimated fair value of Assurance under the income approach, consistent with how a market participant would assess the outlook of the business. The fair value of Assurance IQ as of December 31, 2022 was also negatively impacted by the market approach where decreased peer valuations resulted in lower forward sales multiples applied to revenue levels reflecting lower growth rates. The combination of all these factors caused the estimated fair value of Assurance IQ to decline below its carrying value as of December 31, 2022 and resulted in a non-cash goodwill impairment charge of $903 million pre-tax, or $713 million after-tax. Estimating the fair value of reporting units is a subjective process that involves the use of significant estimates by management. For all reporting units tested, unanticipated changes in business performance or regulatory environment, market declines or other events impacting the fair value of these businesses, including changes in market multiples, discount rates, and growth rates assumptions or increases in the level of equity required to support these businesses, could cause additional goodwill impairment charges in future periods. Other Intangibles Other intangible balances at December 31, are as follows: 2022 2021 Gross Carrying Amount Accumulated Net Carrying Amount Gross Carrying Amount Accumulated Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 882 $ (569) $ 313 $ 864 $ (543) $ 321 Customer relationships 202 (146) 56 308 (194) 114 Software and other 199 (111) 88 200 (84) 116 Not subject to amortization 61 N/A 61 68 N/A 68 Total(1) $ 518 $ 619 __________ (1) Includes “Assets held-for-sale” of $39 million as of December 31, 2021. The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition. The fair values of net mortgage servicing rights were $316 million and $324 million at December 31, 2022 and 2021, respectively. Amortization expense for other intangibles was $104 million, $110 million and $102 million for the years ending December 31, 2022, 2021 and 2020, respectively. The amortization expense amounts for 2022, 2021 and 2020 do not include impairments recorded for mortgage servicing rights or other intangibles. See the nonrecurring fair value measurements section of Note 6 for additional information regarding these impairments. The following table provides estimated future amortization for the periods indicated: 2023 2024 2025 2026 2027 (in millions) Estimated future amortization expense of other intangibles $ 86 $ 80 $ 69 $ 45 $ 41

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2022
Leases [Abstract]
Operating Leases, Lessee	LEASES The Company occupies leased office space and other facilities in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. The leases, depending on their specific terms, are classified as either operating or finance with the vast majority of leases falling under the operating classification. The leases in the Company’s portfolio have remaining lease terms from less than one year to 26 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 3 years. An analysis of all economic and non-economic factors associated with leases containing certain options, including factors such as the existence of cancellation penalties, leasehold improvements made to the underlying assets and location of the underlying assets, is conducted to determine whether those leases are reasonably certain to renew, and hence, should be included in the lease term that is used to establish the right-of-use assets and lease liabilities for those arrangements. The Company does not have residual guarantees associated with its lessee arrangements, nor are there any restrictions or covenants associated with its lease arrangements. Lessee Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. December 31, 2022 2021 ($ in millions) Operating Leases: Right-of-use assets $ 340 $ 395 Lease liabilities $ 370 $ 432 Weighted average remaining lease term 5 years 6 years Weighted average discount rate 2.42 % 2.25 % Maturities of operating lease liabilities are as follows: December 31, 2022 (in millions) 2023 $ 116 2024 105 2025 67 2026 34 2027 23 Thereafter 57 Total lease payments 402 Less imputed interest (32) Total $ 370 As of December 31, 2022, the Company has an additional $190 million of payments on operating leases that have not yet commenced, primarily for properties to be used by various domestic operations. These operating leases will commence between 2023 and 2025 with lease terms from 2 years to 15 years. Lease expense is included in “General and administrative expenses,” which consisted of operating lease and short-term costs. Operating lease costs were $133 million, $153 million, and $156 million for the years ended December 31, 2022, 2021, and 2020, respectively. Short-term lease costs were $80 million, $96 million, and $104 million for the years ended December 31, 2022, 2021, and 2020, respectively. Short-term lease costs relate to those leases with terms of twelve months or less that do not include an option to purchase the underlying asset that is reasonably certain of exercise. Lessor
Operating Leases, Lessor	LEASES The Company occupies leased office space and other facilities in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. The leases, depending on their specific terms, are classified as either operating or finance with the vast majority of leases falling under the operating classification. The leases in the Company’s portfolio have remaining lease terms from less than one year to 26 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 3 years. An analysis of all economic and non-economic factors associated with leases containing certain options, including factors such as the existence of cancellation penalties, leasehold improvements made to the underlying assets and location of the underlying assets, is conducted to determine whether those leases are reasonably certain to renew, and hence, should be included in the lease term that is used to establish the right-of-use assets and lease liabilities for those arrangements. The Company does not have residual guarantees associated with its lessee arrangements, nor are there any restrictions or covenants associated with its lease arrangements. Lessee Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. December 31, 2022 2021 ($ in millions) Operating Leases: Right-of-use assets $ 340 $ 395 Lease liabilities $ 370 $ 432 Weighted average remaining lease term 5 years 6 years Weighted average discount rate 2.42 % 2.25 % Maturities of operating lease liabilities are as follows: December 31, 2022 (in millions) 2023 $ 116 2024 105 2025 67 2026 34 2027 23 Thereafter 57 Total lease payments 402 Less imputed interest (32) Total $ 370 As of December 31, 2022, the Company has an additional $190 million of payments on operating leases that have not yet commenced, primarily for properties to be used by various domestic operations. These operating leases will commence between 2023 and 2025 with lease terms from 2 years to 15 years. Lease expense is included in “General and administrative expenses,” which consisted of operating lease and short-term costs. Operating lease costs were $133 million, $153 million, and $156 million for the years ended December 31, 2022, 2021, and 2020, respectively. Short-term lease costs were $80 million, $96 million, and $104 million for the years ended December 31, 2022, 2021, and 2020, respectively. Short-term lease costs relate to those leases with terms of twelve months or less that do not include an option to purchase the underlying asset that is reasonably certain of exercise. Lessor

Policyholders' Liabilities

Policyholders' Liabilities	12 Months Ended
Policyholders' Liabilities	Dec. 31, 2022
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Policyholders' Liabilities	POLICYHOLDERS’ LIABILITIES Future Policy Benefits Future policy benefits at December 31 for the years indicated are as follows: 2022 2021 (in millions) Life insurance $ 179,677 $ 188,777 Individual and group annuities and supplementary contracts 83,154 77,779 Other contract liabilities 18,369 25,695 Included in “Liabilities held-for-sale”(1) 0 (4,662) Subtotal future policy benefits excluding unpaid claims and claim settlement expenses 281,200 287,589 Unpaid claims and claim settlement expenses 3,252 3,195 Total future policy benefits $ 284,452 $ 290,784 __________ (1) The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition. Life insurance liabilities include reserves for death, endowment, and other policy benefits. Individual and group annuities and supplementary contracts liabilities include reserves for life contingent individual immediate annuities and life contingent group annuities. Other contract liabilities include liabilities for variable annuity living benefit guarantees and certain other reserves for long-term care, group, annuities and individual life and health products. Future policy benefits for individual participating traditional life insurance are based on the net level premium method, calculated using the guaranteed mortality and nonforfeiture interest rates which range from 2.5% to 7.5%. Participating insurance represented 2% and 2% of direct individual life insurance in force as of December 31, 2022 and 2021, respectively, and 10%, 10%, and 10% of direct individual life insurance premiums for 2022, 2021, and 2020, respectively. Future policy benefits for individual non-participating traditional life insurance policies, group life polices, group and individual long-term care policies and individual health insurance policies are generally equal to the present value of future benefit payments and related expenses, less the present value of future net premiums. Assumptions as to mortality, morbidity and persistency are based on the Company’s experience, industry data, and/or other factors, when the basis of the reserve is established. Interest rates used in the determination of the present values range from (0.1)% to 7.8%. Future policy benefits for individual and group annuities and supplementary contracts with life contingencies are generally equal to the present value of expected future payments. Assumptions as to mortality are based on the Company’s experience, industry data, and/or other factors, when the basis of the reserve is established. The interest rates used in the determination of the present values range from (0.2)% to 12.1%; less than 1% of the reserves are based on an interest rate in excess of 8%. Future policy benefits for other contract liabilities are generally equal to the present value of expected future payments based on the Company’s experience, except for example, certain group insurance coverages for which future policy benefits are equal to gross unearned premium reserves. The interest rates used in the determination of the present values range from 0.8% to 6.5%. The Company’s liability for future policy benefits is also inclusive of liabilities for guaranteed benefits related to certain long-duration life and annuity contracts. Liabilities for guaranteed benefits with embedded derivative features are primarily in “other contract liabilities” in the table above. The remaining liabilities for guaranteed benefits are primarily reflected with the underlying contract in the table above. See Note 13 for additional information regarding liabilities for guaranteed benefits related to certain long-duration life and annuity contracts. Reserves for recognizing a premium deficiency included in “Future policy benefits” are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses. Additionally, in certain instances the policyholder liability for a particular line of business may not be deficient in the aggregate to trigger loss recognition, but the pattern of earnings may be such that profits are expected to be recognized in earlier years followed by losses in later years. In these situations, accounting standards require that an additional PFL liability be recognized by an amount necessary to sufficiently offset the losses that would be recognized in later years. Premium deficiencies have been recognized in the past for the group single premium annuity business, which consists of limited-payment, long-duration traditional, non-participating annuities; structured settlements; single premium immediate annuities with life contingencies; long-term care; certain individual health policies; and certain interest-sensitive life products. The Company’s liability for future policy benefits is also inclusive of liabilities for claims reserves and unpaid claims and claim settlement expenses. Unpaid claims and claim settlement expenses primarily reflect the Company’s present value of future disability claim payments and expenses as well as estimates of claims incurred but not yet reported as of the balance sheet date related to group disability products. Unpaid claim liabilities that are discounted use interest rates ranging from 1.8% to 6.4%. Claims reserves for claims reported but not yet paid and claims incurred but not yet reported are primarily reflected with the underlying contract in the table above. Policyholders’ Account Balances Policyholders’ account balances at December 31 for the years indicated are as follows: 2022 2021 (in millions) Individual annuities $ 53,733 $ 52,230 Group annuities 2,002 30,400 Guaranteed investment contracts and guaranteed interest accounts 12,927 13,717 Funding agreements 7,705 6,023 Interest-sensitive life contracts 41,235 41,283 Dividend accumulation and other deposit type funds 18,000 18,894 Included in “Liabilities held-for-sale”(1) 0 (39,914) Total policyholders’ account balances $ 135,602 $ 122,633 __________ (1) The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition. Policyholders’ account balances primarily represent an accumulation of account deposits plus credited interest less withdrawals, expense charges and mortality charges, if applicable. These policyholders’ account balances also include provisions for benefits under non-life contingent payout annuities and certain unearned revenues. Policyholders’ account balances also include amounts representing the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products. See Note 6 for additional information regarding the fair value of these embedded derivative instruments. Included in “Funding agreements” at December 31, 2022 and 2021 are $5,064 million and $4,959 million, respectively, related to the Company’s Funding Agreement Notes Issuance Program (“FANIP”). Under this program, which has a maximum authorized amount of $15 billion of medium-term notes and $3 billion of commercial paper, Delaware statutory trusts issue short-term commercial paper and/or medium-term notes to investors that are secured by funding agreements issued to the trusts by PICA. The outstanding commercial paper and notes have fixed or floating interest rates that range from 0.0% to 3.5% and original maturities ranging from three months to five years. Included in the amounts at December 31, 2022 and 2021 are funding agreements which secure the medium-term note liability, which are carried at amortized cost, of $2,968 million and $3,117 million, respectively, and short-term note liability of $2,130 million and $1,847 million, respectively. Also included in “Funding agreements” are collateralized funding agreements issued to the Federal Home Loan Bank of New York (“FHLBNY”) at December 31, 2022 and 2021 totaling $2,628 million and $1,050 million, respectively. These obligations, which are carried at amortized cost, have fixed interest rates that range from 1.925% to 4.510% and original maturities ranging from nine months to seven years. For additional details on the FHLBNY program, see Note 17. Interest crediting rates range from 0% to 6.3% for interest-sensitive life contracts and from 0% to 34.8% for contracts other than interest-sensitive life. Less than 1% of policyholders’ account balances have interest crediting rates in excess of 8%.

Certain Long-Duration Contracts

Certain Long-Duration Contracts with Guarantees	12 Months Ended
Certain Long-Duration Contracts with Guarantees	Dec. 31, 2022
Long-Duration Contracts, Assumptions Supporting Guarantee Obligations [Abstract]
Certain Long-Duration Contracts With Guarantees	CERTAIN LONG-DURATION CONTRACTS WITH GUARANTEES The Company issues variable annuity contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder. The Company also issued variable annuity contracts with general and separate account options where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals (“return of net deposits”). In certain of these variable annuity contracts, the Company also contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return (“minimum return”), and/or (2) the highest contract value on a specified date adjusted for any withdrawals (“contract value”). These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods. The Company also issues annuity contracts and single premium life contracts with market value adjusted investment options (“MVAs”). Annuity contracts and single premium life contracts with MVAs provide for a return of principal plus a fixed rate of return if held-to-maturity, or, alternatively, a “market adjusted value” if surrendered prior to maturity or if funds are reallocated to other investment options. The market value adjustment may result in a gain or loss to the Company, depending on crediting rates or an indexed rate at surrender, as applicable. The Company also issues fixed deferred, fixed index, and immediate annuity contracts that have a guaranteed credited rate, annuity benefit, and withdrawal benefit. The Company also issues indexed variable annuity contracts for which the return is tied to the return of specific indices where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals upon death. In certain of these indexed variable annuity contracts, the Company also contractually guarantees to the contractholder withdrawal benefits payable during specific periods. In addition, the Company issues certain variable life, variable universal life and universal life contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (“no-lapse guarantee”). Variable life and variable universal life contracts are offered with general and separate account options. The assets supporting the variable portion of all variable annuities are carried at fair value and reported as “Separate account assets” with an equivalent amount reported as “Separate account liabilities.” Amounts assessed against the contractholders for mortality, administration, and other services are included within revenue in “Policy charges and fee income” and changes in liabilities for minimum guarantees are generally included in “Policyholders’ benefits” or “Realized investment gains (losses), net.” For those guarantees of benefits that are payable in the event of death, the net amount at risk is generally defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, contract lapses and contractholder mortality. For guarantees of benefits that are payable at annuitization, the net amount at risk is generally defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, timing of annuitization, contract lapses and contractholder mortality. For guarantees of benefits that are payable at withdrawal, the net amount at risk is generally defined as the present value of the minimum guaranteed withdrawal payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. For guarantees of accumulation balances, the net amount at risk is generally defined as the guaranteed minimum accumulation balance minus the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including equity market returns, interest rates, market volatility and contractholder behavior. The Company’s contracts with guarantees may offer more than one type of guarantee in each contract; therefore, the amounts listed may not be mutually exclusive. The liabilities related to the net amount at risk are reflected within “Future policy benefits.” As of December 31, 2022 and 2021, the Company had the following guarantees associated with these contracts, by product and guarantee type: December 31, 2022 December 31, 2021 In the Event At Annuitization / In the Event At Annuitization / ($ in millions) Annuity Contracts Return of net deposits Account value $ 79,780 $ 13 $ 132,811 $ 16 Net amount at risk $ 1,010 $ 0 $ 200 $ 0 Average attained age of contractholders 70 years 76 years 69 years 76 years Minimum return or contract value Account value $ 19,163 $ 88,476 $ 30,527 $ 147,924 Net amount at risk $ 4,733 $ 9,338 $ 2,055 $ 3,509 Average attained age of contractholders 71 years 70 years 71 years 69 years Average period remaining until earliest expected annuitization N/A 0.05 years N/A 0.20 years __________ (1) Includes income and withdrawal benefits. December 31, 2022 2021 In the Event of Death ($ in millions) Variable Life, Variable Universal Life and Universal Life Contracts Separate account value $ 7,951 $ 9,844 General account value $ 19,714 $ 19,789 Net amount at risk $ 230,944 $ 223,587 Average attained age of contractholders 57 years 57 years Account balances of variable annuity contracts with guarantees were invested in separate account investment options as follows: December 31, 2022 2021 (in millions) Equity funds $ 47,415 $ 95,594 Bond funds 43,070 59,241 Money market funds 3,103 4,812 Total $ 93,588 $ 159,647 In addition to the amounts invested in separate account investment options above, $5,354 million at December 31, 2022, and $7,159 million at December 31, 2021, of account balances of variable annuity contracts with guarantees, inclusive of contracts with MVA features, were invested in general account investment options. For the years ended December 31, 2022, 2021 and 2020, there were no transfers of assets, other than cash, from the general account to any separate account, and accordingly no gains or losses recorded. Liabilities for Guarantee Benefits The table below summarizes the changes in general account liabilities for guarantees. The liabilities for GMDB and GMIB are included in “Future policy benefits” and the related changes in the liabilities are included in “Policyholders’ benefits.” GMAB, GMWB and GMIWB are accounted for as embedded derivatives and are recorded at fair value within “Future policy benefits.” Changes in the fair value of these derivatives, including changes in the Company’s own risk of non-performance, along with any fees attributed or payments made relating to the derivative, are recorded in “Realized investment gains (losses), net.” See Note 6 for additional information regarding the methodology used in determining the fair value of these embedded derivatives. The Company maintains a portfolio of derivative investments that serve as a partial hedge of the risks associated with these products, for which the changes in fair value are also recorded in “Realized investment gains (losses), net.” This portfolio of derivative investments does not qualify for hedge accounting treatment under U.S. GAAP. Additionally, the Company externally reinsures the guaranteed benefit features associated with certain contracts. See Note 14 for further information regarding the external reinsurance arrangement. GMDB GMIB GMAB/GMWB/GMIWB Variable Life, Annuity Annuity Annuity (in millions) Balance at December 31, 2019 $ 7,602 $ 753 $ 355 $ 12,831 Incurred guarantee benefits(1) 1,389 162 12 6,103 Paid guarantee benefits (126) (89) (4) 0 Change in unrealized investment gains and losses 721 38 (8) 0 Other(2)(3) (77) (1) 13 (53) Balance at December 31, 2020 9,509 863 368 18,881 Incurred guarantee benefits(1) 1,076 10 (24) (5,638) Paid guarantee benefits (189) (70) 0 0 Change in unrealized investment gains and losses (326) (55) (17) 0 Reclassified to “Liabilities held-for-sale”(4) 0 (216) (5) (4,163) Other(2)(5) (9) 0 (89) (12) Balance at December 31, 2021 10,061 532 233 9,068 Incurred guarantee benefits(1) 2,274 155 (14) (5,331) Paid guarantee benefits (201) (95) (1) 0 Change in unrealized investment gains and losses (2,529) (10) (13) 0 Other(2)(4) (9) 9 (27) 1,009 Balance at December 31, 2022 $ 9,596 $ 591 $ 178 $ 4,746 __________ (1) Incurred guarantee benefits include the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves. Also includes changes in the fair value of features considered to be derivatives. (2) Other includes foreign currency translation. (3) Includes the impact from the sale of POK. (4) Primarily represents activity associated with reinsurance agreements in connection with the sale of PALAC in 2022. See Note 1 for additional information regarding this disposition. (5) Includes the impact from the sale of POT. The GMDB, which includes the liability for no-lapse guarantees, and GMIB liability are established when associated assessments (which include all policy charges including charges for administration, mortality, expense, surrender, and other, regardless of how characterized) are recognized. This liability is established using current best estimate assumptions and is based on the ratio of the present value of total expected excess payments (e.g., payments in excess of account value) over the life of the contract divided by the present value of total expected assessments (i.e., benefit ratio). The liability equals the current benefit ratio multiplied by cumulative assessments recognized to date, plus interest, less cumulative excess payments to date. Similar to as described above for DAC, the reserves are subject to adjustments based on annual reviews of assumptions and quarterly adjustments for experience, including market performance. These adjustments reflect the impact on the benefit ratio of using actual historical experience from the issuance date to the balance sheet date plus updated estimates of future experience. The updated benefit ratio is then applied to all prior periods’ assessments to derive an adjustment to the reserve recognized through a benefit or charge to current period earnings. The GMAB features provide the contractholder with a guaranteed return of initial account value or an enhanced value if applicable. The most significant of the Company’s GMAB features are the guaranteed return option features, which includes an automatic rebalancing element that reduces the Company’s exposure to these guarantees. The GMAB liability is calculated as the present value of future expected payments in excess of the account balance less the present value of future expected rider fees attributable to the embedded derivative feature. The GMWB features provide the contractholder with access to a guaranteed remaining balance if the account value is reduced to zero through a combination of market declines and withdrawals. The guaranteed remaining balance is generally equal to the protected value under the contract, which is initially established as the greater of the account value or cumulative deposits when withdrawals commence, less cumulative withdrawals. The contractholder also has the option, after a specified time period, to reset the guaranteed remaining balance to the then current account value, if greater. The contractholder accesses the guaranteed remaining balance through payments over time, subject to maximum annual limits. The GMWB liability is calculated as the present value of future expected payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature. The GMIWB features, taken collectively, provide a contractholder two optional methods to receive guaranteed minimum payments over time, a “withdrawal” option or an “income” option. The withdrawal option (which was available under only one of the GMIWBs and is no longer offered) guarantees that a contractholder can withdraw an amount each year until the cumulative withdrawals reach a total guaranteed balance. The income option (which varies among the Company’s GMIWBs) in general guarantees the contractholder the ability to withdraw an amount each year for life (or for joint lives, in the case of any spousal version of the benefit) where such amount is equal to a percentage of a protected value under the benefit. The contractholder also has the potential to increase this annual amount, based on certain subsequent increases in account value that may occur. The GMIWB can be elected by the contractholder upon issuance of an appropriate deferred variable annuity contract or at any time following contract issue prior to annuitization. Certain GMIWB features include an automatic rebalancing element that reduces the Company’s exposure to these guarantees. The GMIWB liability is calculated as the present value of future expected payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature. Sales Inducements The Company defers sales inducements and amortizes them over the anticipated life of the policy using the same methodology and assumptions used to amortize DAC. DSI is included in “Other assets.” The Company has offered various types of sales inducements including: (1) a bonus whereby the policyholder’s initial account balance is increased by an amount equal to a specified percentage of the customer’s initial deposit; (2) additional credits after a certain number of years a contract is held; and (3) enhanced interest crediting rates that are higher than the normal general account interest rate credited in certain product lines. Changes in DSI, reported as “Interest credited to policyholders’ account balances,” are as follows: Sales Inducements (in millions) Balance at December 31, 2019 $ 935 Capitalization 1 Amortization—Impact of assumption and experience unlocking and true-ups 104 Amortization—All other (166) Change in unrealized investment gains and losses (54) Balance at December 31, 2020 820 Capitalization 1 Amortization—Impact of assumption and experience unlocking and true-ups 40 Amortization—All other (166) Change in unrealized investment gains and losses 76 Reclassified to “Assets held-for-sale”(1) (295) Other(2) (2) Balance at December 31, 2021 474 Capitalization 1 Amortization—Impact of assumption and experience unlocking and true-ups (87) Amortization—All other (92) Change in unrealized investment gains and losses 21 Other(1) 49 Balance at December 31, 2022 $ 366 __________ (1) Primarily represents activity associated with reinsurance agreements in connection with the sale of PALAC in 2022. See Note 1 for additional information regarding this disposition. (2) Represents the impact from the sale of POT.

Reinsurance

Reinsurance	12 Months Ended
Reinsurance	Dec. 31, 2022
Reinsurance Disclosures [Abstract]
Reinsurance	REINSURANCE The Company participates in reinsurance with third parties primarily to provide additional capacity for future growth, limit the maximum net loss potential arising from large risks and acquire or dispose of businesses. Effective April 2022, in connection with the sale of the Full Service Retirement business, the Company entered into separate agreements with external counterparties, Great-West and Great-West Life & Annuity Insurance Company of New York, to reinsure a portion of its Full Service Retirement business. The Company ceded 100% of separate account liabilities under modified coinsurance and 100% of general account liabilities under coinsurance of its Full Service Retirement business. The Company’s Full Service Retirement business consists of market value and stable value separate accounts as well as general account products, including stable value accumulation funds and a stable value wrap product known as a synthetic guaranteed investment contract. The majority of these products are considered investment contracts as they do not contain significant insurance risk; therefore, the reinsurance of such products are accounted for under deposit accounting. The reinsurance agreement offers the policyholders the opportunity to novate their contracts from the Company to Great-West and any such novated contracts shall cease to be reinsured under this agreement. Effective April 2022, in connection with the sale of the PALAC legal entity, the Company entered into a reinsurance agreement with Fortitude Life Insurance and Annuity Company (“FLIAC”) under which the Company assumed all its indexed variable annuities. The reinsurance of the indexed variable annuities transfers all significant risks, including mortality risk, embedded in the reinsured contracts. As a result of the agreement, reinsurance recoverables includes the assumed modified coinsurance agreement, which reflects the value of the invested assets retained by FLIAC and the associated asset returns. The Company also assumed all of FLIAC’s fixed indexed annuities with a guaranteed lifetime withdrawal income feature, which are accounted for under deposit accounting. The reinsurance agreement offers the policyholders the opportunity to novate their contracts from FLIAC to the Company and any such novated contracts shall cease to be reinsured under this agreement. Effective April 1, 2015, the Company entered into an agreement with Union Hamilton Reinsurance, Ltd. (“Union Hamilton”) an external counterparty, to reinsure approximately 50% of the Prudential Premier® Retirement Variable Annuity with Highest Daily Lifetime Income (“HDI”) v.3.0 business, a guaranteed benefit feature. This reinsurance agreement covered most new HDI v.3.0 variable annuity business issued between April 1, 2015 and December 31, 2016 on a quota share basis, with Union Hamilton’s cumulative quota share amounting to $2.9 billion of new rider premiums as of December 31, 2016. Reinsurance on business subject to this agreement remains in force for the duration of the underlying annuity contracts. New sales subsequent to December 31, 2016 are not covered by this external reinsurance agreement. This reinsurance agreement is accounted for as an embedded derivative. In January 2013, the Company acquired the Hartford Life Business through reinsurance transactions with three subsidiaries of Hartford Financial Services Group, Inc. (“Hartford Financial”). Under the related agreements, the Company provided reinsurance for approximately 700,000 life insurance policies with net retained face amount in force of approximately $141 billion. The Company acquired the general account business through a coinsurance arrangement and, for certain types of general account policies, a modified coinsurance arrangement. The Company acquired the separate account business through a modified coinsurance arrangement. In May 2018, Hartford Financial sold a group of operating subsidiaries, which included two of the Company’s counterparties to these reinsurance arrangements, to Talcott Resolution Life Insurance Company (“Talcott Resolution”). Talcott Resolution was acquired by Sixth Street in July 2021. There was no impact to the terms, rights or obligations of the Company, or operation of these reinsurance arrangements, as a result of these changes in control of such counterparties. Since 2011, the Company has entered into a number of reinsurance agreements to assume pension liabilities in the United Kingdom. Under these arrangements, the Company assumes the longevity risk, and in some arrangements, also the investment risk associated with the pension benefits of certain specified beneficiaries. In 2006, the Company acquired the variable annuity business of The Allstate Corporation (“Allstate”) through a reinsurance transaction. The reinsurance arrangements with Allstate include a coinsurance arrangement associated with the general account liabilities assumed and a modified coinsurance arrangement associated with the separate account liabilities assumed. The reinsurance payable, which represents the Company’s obligation under the modified coinsurance arrangement, is netted with the reinsurance receivable in the Consolidated Statements of Financial Position. During the fourth quarter of 2021, Allstate sold the two counterparties to the aforementioned variable annuity reinsurance transaction to third parties. There was no impact to the terms, rights or obligations of the Company, or operation of these reinsurance arrangements, as a result of this change in control of such counterparties. For the domestic business, life and disability reinsurance is accomplished through various plans of reinsurance, primarily yearly renewable term, per person excess, excess of loss, and coinsurance. On policies sold since 2000, the Company has reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has historically retained up to $30 million per life, but reduced its operating retention limit to $20 million per life in 2013 and then down to $10 million per life for new business starting in 2020. Retention in excess of the operating limit is on an exception basis. The international business primarily uses reinsurance to obtain experience with respect to certain new product offerings and to a lesser extent, to mitigate mortality risk for certain protection products and for capital management purposes. Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fee income, and policyholders’ benefits for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Direct premiums $ 36,193 $ 31,623 $ 29,091 Reinsurance assumed 4,129 5,581 4,336 Reinsurance ceded (2,303) (2,377) (2,287) Premiums $ 38,019 $ 34,827 $ 31,140 Direct policy charges and fee income $ 4,875 $ 5,261 $ 5,341 Reinsurance assumed 1,247 1,204 1,192 Reinsurance ceded (548) (521) (504) Policy charges and fee income $ 5,574 $ 5,944 $ 6,029 Direct policyholders’ benefits $ 41,148 $ 34,861 $ 32,514 Reinsurance assumed 5,913 7,024 5,659 Reinsurance ceded (3,574) (3,427) (3,114) Policyholders’ benefits $ 43,487 $ 38,458 $ 35,059 Reinsurance recoverables at December 31, are as follows: 2022 2021 (in millions) Individual and group annuities(1) $ 2,074 $ 185 Life insurance(2) 6,422 6,770 Other reinsurance 387 396 Total reinsurance recoverables(3)(4) $ 8,883 $ 7,351 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance agreement with FLIAC in which the Company assumed all its indexed variable annuities of $1,986 million as of December 31, 2022. Also includes reinsurance recoverables established under the reinsurance agreement with Union Hamilton related to the ceding of certain embedded derivative liabilities associated with the Company’s guaranteed benefits of $24 million and $110 million as of December 31, 2022 and 2021, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $1,943 million and $2,178 million as of December 31, 2022 and 2021, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,188 million and $1,341 million as of December 31, 2022 and 2021, respectively. (3) Net of $(15) million and $(10) million of loss allowance as of December 31, 2022 and 2021, respectively. (4) Excludes reinsurance recoverables of $30 million related to “Asset held-for-sale” operations as of December 31, 2021. See Note 1 for additional information. Excluding the reinsurance recoverables associated with the acquisition of the Hartford Life Business, four major reinsurance companies account for approximately 64% of the reinsurance recoverables as of December 31, 2022. The Company periodically reviews the financial condition of its reinsurers, amounts recoverable therefrom, and unearned reinsurance premium, in order to reduce its exposure to loss from reinsurer insolvencies. Any expected credit losses are reflected in the CECL allowance, after considering any collateral the Company obtained in the form of a trust, letter of credit, or funds withheld arrangement. See Note 2 for additional details regarding CECL. Under the Company’s international longevity reinsurance transactions, the Company obtains collateral from its counterparties to mitigate counterparty default risk.

Closed Block

Closed Block	12 Months Ended
Closed Block	Dec. 31, 2022
Closed Block Disclosure [Abstract]
Closed Block	CLOSED BLOCK On December 18, 2001, the date of demutualization, PICA established a closed block for certain in-force participating insurance policies and annuity products, along with corresponding assets used for the payment of benefits and policyholders’ dividends on these products, (collectively the “Closed Block”), and ceased offering these participating products. The recorded assets and liabilities were allocated to the Closed Block at their historical carrying amounts. The Closed Block forms the principal component of the Closed Block division. See Note 22 for financial information regarding the Closed Block. The insurance policies and annuity contracts comprising the Closed Block are managed in accordance with the Plan of Reorganization approved by the New Jersey Department of Banking and Insurance (“NJDOBI”) on December 18, 2001, and PICA is directly obligated for the insurance policies and annuity contracts in the Closed Block. The policies included in the Closed Block are specified individual life insurance policies and individual annuity contracts that were in force on the date of demutualization and for which PICA is currently paying or expects to pay experience-based policy dividends. Assets have been allocated to the Closed Block in an amount that has been determined to produce cash flows which, together with revenues from policies included in the Closed Block, are expected to be sufficient to support obligations and liabilities relating to these policies, including provision for payment of benefits, certain expenses and taxes and to provide for continuation of the policyholder dividend scales in effect in 2000, assuming experience underlying such scales continues. To the extent that, over time, cash flows from the assets allocated to the Closed Block and claims and other experience related to the Closed Block are, in the aggregate, more or less favorable than what was assumed when the Closed Block was established, total dividends paid to Closed Block policyholders may be greater than or less than the total dividends that would have been paid to these policyholders if the policyholder dividend scales in effect in 2000 had been continued. Any cash flows in excess of amounts assumed will be available for distribution over time to Closed Block policyholders and will not be available to shareholders. If the Closed Block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from PICA’s assets outside of the Closed Block. The Closed Block will continue in effect as long as any policy in the Closed Block remains in force unless, with the consent of the New Jersey insurance regulator, it is terminated earlier. The excess of Closed Block liabilities over Closed Block assets at the date of the demutualization (adjusted to eliminate the impact of related amounts in AOCI) represented the estimated maximum future earnings at that date from the Closed Block expected to result from operations attributed to the Closed Block after income taxes. In establishing the Closed Block, the Company developed an actuarial calculation of the timing of such maximum future earnings. If actual cumulative earnings of the Closed Block from inception through the end of any given period are greater than the expected cumulative earnings, only the expected earnings will be recognized in income. Any excess of actual cumulative earnings over expected cumulative earnings will represent undistributed accumulated earnings attributable to policyholders, which are recorded as a policyholder dividend obligation. The policyholder dividend obligation represents amounts to be paid to Closed Block policyholders as an additional policyholder dividend unless otherwise offset by future Closed Block performance that is less favorable than originally expected. If the actual cumulative earnings of the Closed Block from its inception through the end of any given period are less than the expected cumulative earnings of the Closed Block, the Company will recognize only the actual earnings in income. As of December 31, 2022, the Company recognized a policyholder dividend obligation of $3,207 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumulated net unrealized investment losses in excess of this amount, the policyholder dividend obligation balance as of December 31, 2022 was reduced to zero. At December 31, 2021, the Company recognized a policyholder dividend obligation of $4,387 million, to Closed Block policyholders for the excess of actual cumulative earnings over the expected cumulative earnings. Additionally, accumulated net unrealized investment gains (losses) were reflected as a policyholder dividend obligation of $3,640 million at December 31, 2021, with a corresponding amount reported in AOCI. In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in decreases of approximately $147 million and $68 million for the years ended December 31, 2020 and 2021, respectively, and an increase of $30 million for the year ended December 31, 2022, in the liability for policyholders’ dividends recognized. Closed Block liabilities and assets designated to the Closed Block at December 31, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: 2022 2021 (in millions) Closed Block liabilities Future policy benefits $ 44,433 $ 45,596 Policyholders’ dividends payable 617 616 Policyholders’ dividend obligation 0 8,027 Policyholders’ account balances 4,607 4,737 Other Closed Block liabilities 3,495 3,107 Total Closed Block liabilities 53,152 62,083 Closed Block assets Fixed maturities, available-for-sale, at fair value 29,898 38,160 Fixed maturities, trading, at fair value 900 1,137 Equity securities, at fair value 1,733 2,288 Commercial mortgage and other loans 7,926 8,241 Policy loans 3,637 3,815 Other invested assets 4,254 4,358 Short-term investments 337 557 Total investments 48,685 58,556 Cash and cash equivalents 1,307 451 Accrued investment income 402 392 Other Closed Block assets 162 137 Total Closed Block assets 50,556 59,536 Excess of reported Closed Block liabilities over Closed Block assets 2,596 2,547 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (3,458) 3,535 Allocated to policyholder dividend obligation 3,207 (3,640) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,345 $ 2,442 Information regarding the policyholder dividend obligation is as follows: 2022 2021 (in millions) Balance, January 1 $ 8,027 $ 8,787 Impact from earnings allocable to policyholder dividend obligation (1,180) 1,468 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation (6,847) (2,228) Balance, December 31 $ 0 $ 8,027 Closed Block revenues and benefits and expenses for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Revenues Premiums $ 1,698 $ 1,789 $ 1,981 Net investment income 1,980 2,514 2,255 Realized investment gains (losses), net (270) 807 182 Other income (loss) (447) 880 362 Total Closed Block revenues 2,961 5,990 4,780 Benefits and Expenses Policyholders’ benefits 2,436 2,557 2,758 Interest credited to policyholders’ account balances 121 124 127 Dividends to policyholders 115 2,794 1,549 General and administrative expenses 302 312 327 Total Closed Block benefits and expenses 2,974 5,787 4,761 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (13) 203 19 Income tax expense (benefit) (105) 123 (43) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 92 $ 80 $ 62

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The following schedule discloses significant components of income tax expense (benefit) for each year presented: Year Ended December 31, 2022 2021 2020 (in millions) Current tax expense (benefit): U.S. $ 214 $ 1,094 $ (571) State and local 15 24 11 Foreign 480 770 848 Total current tax expense (benefit) 709 1,888 288 Deferred tax expense (benefit): U.S. (680) 16 (362) State and local 1 (1) 1 Foreign (400) (229) (8) Total deferred tax expense (benefit) (1,079) (214) (369) Total income tax expense (benefit) on income (loss) before equity in earnings of operating joint ventures (370) 1,674 (81) Income tax expense (benefit) on equity in earnings of operating joint ventures 25 33 47 Income tax expense (benefit) on discontinued operations 0 0 0 Income tax expense (benefit) reported in equity related to: Other comprehensive income (loss) (12,063) (2,314) 1,252 Total income taxes $ (12,408) $ (607) $ 1,218 Reconciliation of Expected Tax at Statutory Rates to Reported Income Tax Expense (Benefit) The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% applicable for 2022, 2021 and 2020, and the reported income tax expense (benefit) are summarized as follows: Year Ended December 31, 2022 2021(1) 2020(1) (in millions) Expected federal income tax expense (benefit) $ (373) $ 1,970 $ (68) Non-taxable investment income (86) (292) (228) Foreign taxes at other than U.S. rate 11 149 250 Low-income housing and other tax credits (128) (126) (112) Changes in tax law (11) 10 (192) GILTI 101 (1) (2) Sale of subsidiary 84 (26) 277 Non-controlling interest 5 (14) (48) Non-deductible expenses 21 11 14 Change in valuation allowance 16 13 17 State taxes 13 18 10 Other (23) (38) 1 Reported income tax expense (benefit) $ (370) $ 1,674 $ (81) Effective tax rate 20.8 % 17.8 % 25.1 % __________ (1) Prior period amounts have been updated to conform to current period presentation. The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of operating joint ventures.” The Company’s effective tax rate for fiscal years 2022, 2021 and 2020 was 20.8%, 17.8% and 25.1%, respectively. The following is a description of items that had a significant impact on the difference between the Company’s statutory U.S. federal income tax rate of 21% applicable for 2022, 2021 and 2020, and the Company’s effective tax rate during the periods presented: Non-Taxable Investment Income . The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $77 million of the total $86 million of 2022 non-taxable investment income, $115 million of the total $292 million of 2021 non-taxable investment income, and $109 million of the total $228 million of 2020 non-taxable investment income. The DRD for the current period was estimated using information from 2021, current year investment results, and current year’s equity market performance. The actual current year DRD can vary based on factors such as, but not limited to, changes in the amount of dividends received that are eligible for the DRD, changes in the amount of distributions received from fund investments, changes in the account balances of variable life and annuity contracts, and the Company’s taxable income before the DRD. Foreign Taxes at Other Than U.S. Rates . The statutory income tax rate in the Company’s largest non-U.S. tax jurisdiction is approximately 28% in Japan as compared to the U.S. federal income tax rate of 21% applicable for 2022, 2021 and 2020. The 952 Election. The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the effect of reducing the rate at which the Company will incur taxes on these earnings from the approximately 40% tax rate in Brazil to the 21% tax rate in the U.S. In conjunction with this election, the Company remeasured its related deferred tax assets from the previous 45% rate in Brazil to the new rate of 21% in the U.S., which resulted in additional income tax expense at the time of election. The net effect of the lower tax rate was a net increase (decrease) in income tax expense of $(18) million in 2021 and $19 million in 2020. As a result of the issuance of foreign tax credit regulations during 2022 and the uncertainty regarding the creditability of Brazil income taxes in years post-2021, the net effect of the 952 Election for tax years 2017 and after has been reversed in 2022. See Foreign Tax Credit Regulations discussed below. Foreign Tax Credit Regulations. The Treasury Department and the IRS published Final Regulations in the Federal Register on January 4, 2022, which affect the creditability of certain foreign taxes for U.S. federal income tax purposes. The Final Regulations create uncertainty as to whether a U.S. foreign tax credit may be claimed for taxes paid to Brazil. The ability to claim a foreign tax credit for taxes paid to Brazil impacts the benefit of the election made pursuant to Internal Revenue Code Section 952 to subject earnings from the Company’s insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. Based on the Company’s analysis and current interpretation of the Final Regulations, a net $31 million tax benefit is reflected as part of the Company’s results for the year ended December 31, 2022 which reflects the net effect of the 952 Election for the tax years 2017 and after. The Final Regulations are complex and have broad application that may also impact the creditability of taxes paid to other foreign jurisdictions, and their full impact to the Company is still being evaluated. Low-Income Housing and Other Tax Credits . These amounts include credits within the U.S. tax code for the development of affordable housing aiming at low-income Americans, as well as foreign tax credits. Changes in Tax Law . The following is a notable change in tax law that impacted the Company’s effective tax rate for the periods presented: The CARES Act. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted into law. One provision of the CARES Act amends the Tax Act of 2017 and allows companies with net operating losses (“NOLs”) originating in 2020, 2019 or 2018 to carry back those losses for up to five years. For 2020, the Company recorded an income tax benefit of $149 million and $51 million from carrying the estimated 2020 NOL and 2018 NOL back to tax years that have a 35% tax rate. Sale of Subsidiary. This line item is primarily related to the difference between tax basis and GAAP basis for subsidiaries sold. See Note 1 for additional information regarding recent dispositions. GILTI. The GILTI provision applies a minimum U.S. tax to earnings of consolidated foreign subsidiaries in excess of a 10% deemed return on tangible assets of foreign subsidiaries by imposing the U.S. tax rate to 50% of earnings of such foreign affiliates and provides for a partial foreign tax credit for foreign income taxes. In years that the PFI consolidated federal income tax return reports a net operating loss or has a loss attributable to U.S. sources of operations, including as a result of loss carrybacks, the GILTI provision would limit the amount of deductions or credits permissible against GILTI. In 2022, the company incurred $101 million of tax primarily due to foreign tax credit limitations related to the GILTI provisions. These limitations did not have a material impact in 2021 or 2020. On July 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations which will allow an annual election to exclude from the U.S. tax return certain GILTI amounts when the taxes paid by a foreign affiliate exceed 18.9% (90% of U.S. statutory rate of 21%) of the GILTI amount for that foreign affiliate (the “high-tax exception”). These regulations are effective for the 2021 taxable year with an election to apply to any taxable year beginning after 2017. In many of the countries in which we operate, including Japan, there are differences between local tax rules used to determine the tax base and the U.S. tax principles used to determine GILTI. Also, our Japan affiliates have a different tax year than the U.S. calendar tax year used to determine GILTI. Therefore, while many of the countries, including Japan, have a statutory tax rate above the 18.9% threshold, separate affiliates may not meet the 18.9% threshold each year and, as such, may not qualify for this exclusion. The Company made the high-tax exception election for the 2020 and 2021 tax years and anticipates to make the high-tax exception election for the 2022 tax year and recorded a lower GILTI cost included in “Total income tax expense” for 2020, 2021 and 2022 as a result of such elections. The Treasury Department and the IRS also issued Proposed Regulations on July 20, 2020 which would require that, if a high-tax exception election is made with respect to GILTI in any year, an election having the same effect must also be made with regard to income taxed under Subpart F of the Tax Code. Such an election under Subpart F of the Tax Code would apply to the Full Inclusion election made by the Company for its insurance operations in Brazil, thereby increasing the tax rate applied to our Brazil insurance operations. The Proposed Regulations will be effective for taxable years beginning after they are issued in final form. Other . This line item represents reconciling items that are individually less than 5% of the computed expected federal income tax expense (benefit) and have therefore been aggregated for purposes of this reconciliation in accordance with relevant disclosure guidance. Schedule of Deferred Tax Assets and Deferred Tax Liabilities As of December 31, 2022 2021 (in millions) Deferred tax assets: Insurance reserves $ 0 $ 296 Net unrealized investment losses 5,903 0 Policyholders’ dividends 59 1,741 Net operating and capital loss carryforwards 186 260 Employee benefits 329 617 Investments 2,485 398 Goodwill and other intangibles 351 149 Deferred tax assets before valuation allowance 9,313 3,461 Valuation allowance (159) (147) Deferred tax assets after valuation allowance 9,154 3,314 Deferred tax liabilities: Insurance reserves 1,465 0 Net unrealized investment gains 0 9,456 Deferred policy acquisition costs 3,430 3,307 Value of business acquired 181 261 Other 633 116 Deferred tax liabilities 5,709 13,140 Net deferred tax asset (liability) $ 3,445 $ (9,826) The application of U.S. GAAP requires the Company to evaluate the recoverability of deferred tax assets and establish a valuation allowance if necessary to reduce the deferred tax asset to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers many factors, including: (1) the nature of the deferred tax assets and liabilities; (2) whether they are ordinary or capital; (3) in which tax jurisdictions they were generated and the timing of their reversal; (4) taxable income in prior carryback years as well as projected taxable earnings exclusive of reversing temporary differences and carryforwards; (5) the length of time that carryovers can be utilized in the various taxing jurisdictions; (6) any unique tax rules that would impact the utilization of the deferred tax assets; and (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused. Although realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized. Changes in market conditions during 2022, including rising interest rates, resulted in the recording of deferred tax assets related to net unrealized tax capital losses. When assessing recoverability of these deferred tax assets, we consider our ability and intent to hold the underlying securities to recovery in value, if necessary, as well as other factors as noted above. As of December 31 2022, based on all available evidence, including capital loss carryback capacity, we concluded that the deferred tax assets related to the unrealized tax capital losses on the available for sale securities portfolios are, more likely than not, expected to be realized. A valuation allowance has been recorded against deferred tax assets related to federal, state and local taxes and foreign operations. Adjustments to the valuation allowance are made to reflect changes in management’s assessment of the amount of the deferred tax asset that is realizable and the amount of deferred tax asset actually realized during the year. The valuation allowance includes amounts recorded in connection with deferred tax assets as follows: Federal State Foreign Operations Total (in millions) Balance at January 1, 2020 $ 3 $ 127 $ 6 $ 136 Charged to costs and expenses 12 5 5 22 Other adjustments 0 (16) 1 (15) Balance at December 31, 2020 15 116 12 143 Charged to costs and expenses 5 (8) 9 6 Other adjustments 0 (1) (1) (2) Balance at December 31, 2021 20 107 20 147 Charged to costs and expenses 2 16 10 28 Other adjustments 0 (14) (2) (16) Balance at December 31, 2022 $ 22 $ 109 $ 28 $ 159 The following table sets forth the amount and expiration dates of federal, state and foreign operating, capital loss and tax credit carryforwards for tax purposes, as of the periods indicated: As of December 31, 2022 2021 (in millions) Federal net operating and capital loss carryforwards $ 0 $ 327 State net operating and capital loss carryforwards(1) $ 1,781 $ 1,895 Foreign net operating and capital loss carryforwards(2) $ 295 $ 268 Federal foreign tax credit carryforwards(3) $ 15 $ 12 General business credits $ 0 $ 0 __________ (1) Certain state net operating loss carryforwards expire between 2023 and 2042, whereas others have an unlimited carryforward. (2) $23 million expires between 2023 and 2037 and $272 million has an unlimited carryforward. (3) Expires between 2028 and 2029. These relate to foreign non-general basket tax credits. Consistent with the Tax Act of 2017, the Company provides applicable U.S. income tax for all unremitted earnings of the Company’s foreign affiliates. For certain foreign affiliates organized in withholding tax jurisdictions or that may be subject to other foreign country tax upon a remittance, the Company considers the unremitted foreign earnings of those affiliates to be indefinitely reinvested, and therefore does not provide for the withholding tax when calculating its current and deferred tax obligations. For certain other foreign affiliates organized in withholding tax jurisdictions or that may be subject to other foreign country tax upon a remittance, the Company does not consider unremitted earnings indefinitely reinvested, and therefore provides for foreign withholding tax when calculating its current and deferred tax obligations. The following table summarizes the Company’s indefinite reinvestment assertions for jurisdictions in which the Company operates that impose a withholding tax on dividends that is not eliminated by a tax treaty or may be subject to other foreign country tax upon a remittance: Unremitted earnings are indefinitely reinvested Unremitted earnings are not indefinitely reinvested Insurance operations in Chile and China and non-insurance operations in Korea and certain operations in Italy, France and Luxembourg Insurance operations in Argentina, India, Indonesia, Ghana, Kenya and South Africa, and non-insurance operations in China, India, Taiwan and certain Germany and Luxembourg entities. During the second and third quarters of 2020, respectively, the Company determined that the earnings of its Korean and Taiwan insurance operations would be repatriated to the United States; accordingly, these earnings were not considered indefinitely reinvested, and the Company recognized an income tax expense of $132 million in “Income (loss) before equity in earnings of operating joint ventures” during 2020. During the second quarter of 2020, the Company changed the permanent investment assertion for Europrisa Management Company S.A (Luxembourg) due to a plan to liquidate the company, which gave rise to an immaterial amount of income tax expense during 2020. The Company made no changes with respect to its repatriation assumptions in 2021. During the first quarter of 2022, the Company changed the permanent investment assertion for certain French and Italian entities due to a plan to permanently reinvest the earnings in these operations, which gave rise to an immaterial amount of income tax expense during 2022. The following table sets forth the undistributed earnings of foreign subsidiaries, where the Company assumes indefinite reinvestment of such earnings and for which, in 2022, 2021, and 2020, foreign deferred withholding or other foreign income taxes have not been provided. The net tax liability that may arise if the 2022 earnings were remitted which includes any foreign exchange impacts, is immaterial. At December 31, 2022 2021 2020 (in millions) Undistributed earnings of foreign subsidiaries (assuming indefinite reinvestment only for Withholding or other non-U.S. Taxes) $ 238 $ 209 $ 176 The Company’s “Income (loss) before income taxes and equity in earnings of operating joint ventures” includes income (loss) from domestic operations of $(1,609) million, $7,575 million and $(3,226) million, and income (loss) from foreign operations of $(167) million, $1,806 million and $2,903 million for the years ended December 31, 2022, 2021 and 2020, respectively. Tax Audit and Unrecognized Tax Benefits The Company’s liability for income taxes includes the liability for unrecognized tax benefits and interest that relate to tax years still subject to review by the IRS or other taxing authorities. The completion of review or the expiration of the Federal statute of limitations for a given audit period could result in an adjustment to the liability for income taxes. The following table reconciles the total amount of unrecognized tax benefits at the beginning and end of the periods indicated: 2022 2021 2020 (in millions) Balance at January 1, $ 12 $ 17 $ 18 Increases in unrecognized tax benefits—prior years 81 4 0 (Decreases) in unrecognized tax benefits—prior years (1) (9) (1) Increases in unrecognized tax benefits—current year 0 0 0 (Decreases) in unrecognized tax benefits—current year (8) 0 0 Settlements with taxing authorities 0 0 0 Balance at December 31, $ 84 $ 12 $ 17 Unrecognized tax benefits that, if recognized, would favorably impact the effective rate $ 84 $ 12 $ 0 The Company cannot predict with reasonable accuracy whether there will be any significant changes within the next twelve months to its total unrecognized tax benefits related to tax years for which the statute of limitations has not expired. The Company classifies all interest and penalties related to tax uncertainties as income tax expense (benefit). The amounts recognized in the consolidated financial statements for tax-related interest and penalties for the years ended December 31 are as follows: 2022 2021 2020 (in millions) Interest and penalties recognized in the Consolidated Statements of Operations $ 8 $ 4 $ 1 2022 2021 (in millions) Interest and penalties recognized in liabilities in the Consolidated Statements of Financial Position $ 15 $ 7 Listed below are the tax years that remain subject to examination, by major tax jurisdiction, as of December 31, 2022: Major Tax Jurisdiction Open Tax Years United States 2014-2022 Japan Fiscal years ended March 31, 2018-2022 Korea 2017-2020 The Company participates in the IRS’s Compliance Assurance Program. Under this program, the IRS assigns an examination team to review completed transactions as they occur in order to reach agreement with the Company on how they should be reported in the relevant tax returns. If disagreements arise, accelerated resolutions programs are available to resolve the disagreements in a timely manner. Some of the Company’s affiliates in Japan file a consolidated tax return, while others file separate tax returns. The Company’s affiliates in Japan are subject to audits by the local taxing authority. The general statute of limitations is five years from when the return is filed. The Japanese National Tax Service is conducting a tax audit of The Gibraltar Life Insurance Company Ltd. and conducted tax audits of some non-insurance companies during the reporting period, which have had no material impact on the Company’s 2022, 2021 or 2020 results. In August 2020, the Company sold an affiliate in South Korea that filed a separate tax return and was subject to audits by the local taxing authority. The general statute of limitations is five years from when the return is filed. During 2020, the Korean tax authority completed a routine tax audit of Prudential of Korea for 2017, 2016, and 2015 tax years. While these activities had no material impact on the Company’s 2022, 2021 or 2020 results, the tax authority raised questions about the treatment of foreign tax credits, for which the Company disagreed and the item is under review at the Tax Tribunal (“TT”) appeal. The Company is responsible via an indemnity for taxes and other costs that may arise from the dispute.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	12 Months Ended
Short-Term and Long-Term Debt	Dec. 31, 2022
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	SHORT-TERM AND LONG-TERM DEBT Short-term Debt The table below presents the Company’s short-term debt at December 31, for the years indicated as follows: 2022 2021 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 413 395 Subtotal commercial paper 438 420 Current portion of long-term debt: Senior Notes 173 0 Mortgage Debt 155 197 Surplus Notes subject to set-off arrangements(1) 500 500 Subtotal Current portion of long-term debt 828 697 Other(2) 9 105 Subtotal 1,275 1,222 Less: Assets under set-off arrangements(1) 500 500 Total short-term debt(3) $ 775 $ 722 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 130 $ 150 Daily average commercial paper outstanding for the quarter ended $ 1,312 $ 1,414 Weighted average maturity of outstanding commercial paper, in days 98 16 Weighted average interest rate on outstanding commercial paper 4.69 % 0.08 % __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes. (2) Includes $9 million drawn on a revolving line of credit held by a subsidiary at December 31, 2022. (3) Includes Prudential Financial debt of $25 million at both December 31, 2022 and 2021. At December 31, 2022 and 2021, the Company was in compliance with all covenants related to the above debt. Commercial Paper Prudential Financial has a commercial paper program with an authorized capacity of $3.0 billion. Prudential Financial’s commercial paper borrowings have generally been used to fund the working capital needs of its subsidiaries and provide short-term liquidity at Prudential Financial. Prudential Funding, LLC (“Prudential Funding”), a wholly-owned subsidiary of PICA, has a commercial paper program, with an authorized capacity of $7.0 billion. Prudential Funding commercial paper borrowings generally have served as an additional source of financing to meet the working capital needs of PICA and its subsidiaries. Prudential Funding also lends to other subsidiaries of Prudential Financial up to limits agreed with the NJDOBI. Prudential Funding maintains a support agreement with PICA whereby PICA has agreed to maintain Prudential Funding’s tangible net worth at a positive level. Additionally, Prudential Financial has issued a subordinated guarantee covering Prudential Funding’s $7.0 billion commercial paper program. Federal Home Loan Bank of New York PICA is a member of the FHLBNY. Membership allows PICA access to the FHLBNY’s financial services, including the ability to obtain collateralized loans and to issue collateralized funding agreements. Under applicable law, the funding agreements issued to the FHLBNY have priority claim status above debt holders of PICA. FHLBNY borrowings and funding agreements are collateralized by qualifying mortgage-related assets or U.S. Treasury securities, the fair value of which must be maintained at certain specified levels relative to outstanding borrowings. FHLBNY membership requires PICA to own member stock and borrowings require the purchase of activity-based stock in an amount equal to 4.5% of outstanding borrowings. Under FHLBNY guidelines, if any of PICA’s financial strength ratings decline below A-/A3/A- Negative by S&P/Moody’s/Fitch, respectively, and the FHLBNY does not receive written assurances from the NJDOBI regarding PICA’s solvency, new borrowings from the FHLBNY would be limited to a term of 90 days or less. Currently there are no restrictions on the term of borrowings from the FHLBNY. All FHLBNY stock purchased by PICA is classified as restricted general account investments within “Other invested assets,” and the carrying value of these investments was $148.7 million and $80.5 million as of December 31, 2022 and 2021, respectively. NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5% of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2021, the 5% limitation equates to a maximum amount of eligible assets of $8.2 billion and an estimated maximum borrowing capacity (after taking into account required collateralization levels) of approximately $7.0 billion. Nevertheless, FHLBNY borrowings are subject to the FHLBNY’s discretion and to the availability of qualifying assets at PICA. As of December 31, 2022, $2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925% to 4.510%. These funding agreements are reflected as “Policyholders’ account balances” on the Consolidated Statements of Financial Position and as such are not included in the table above. Federal Home Loan Bank of Boston Prudential Retirement Insurance and Annuity Company (“PRIAC”) was a member of the Federal Home Loan Bank of Boston (“FHLBB”). As a result of the Company’s sale of its Full Service Retirement business to Great-West, which included the sale of all of the outstanding equity interests of PRIAC, the Company is no longer a member of the FHLBB. Credit Facilities As of December 31, 2022, the Company maintained syndicated, unsecured committed credit facilities as described below. Borrower Original Expiration Capacity Amount Outstanding (in millions) Prudential Financial and Prudential Funding 5 years Jul 2026 $ 4,000 $ 0 Prudential Holdings of Japan, Inc. 5 years Sep 2024 ¥ 100,000 ¥ 0 In July 2021, the Company amended and restated its $4.0 billion five July 2026. The credit facility contains customary representations and warranties, covenants and events of default and borrowings are not contingent on the borrowers’ credit ratings nor subject to material adverse change clauses. Borrowings under this facility are conditioned on the continued satisfaction of customary conditions, including Prudential Financial’s maintenance of consolidated net worth of at least $23.5 billion, which is calculated as U.S. GAAP equity, excluding AOCI, equity of noncontrolling interests and equity attributable to the Closed Block. The Company expects that it may borrow under the facility from time to time to fund its working capital needs. In addition, amounts under this credit facility may be drawn in the form of standby letters of credit that can be used to meet the Company’s operating needs. The amended and restated facility also includes certain sustainability-linked pricing adjustments, by which the applicable interest rate margins and commitment fee may be decreased or increased if the Company achieves, or fails to achieve, certain specified targets relating to its reduction of domestic greenhouse gas emissions and its increase in diversity among its senior leaders. The ¥100 billion five Borrowings under each of these credit facilities may be used for general corporate purposes. As of December 31, 2022, the Company was in compliance with the covenants under each of these credit facilities. In addition to the above credit facilities, the Company had access to $140 million of certain other lines of credit at December 31, 2022, of which $125 million was for the sole use of certain real estate separate accounts. The separate account facilities include loan-to-value ratio requirements and other financial covenants, and recourse on obligations under these facilities is limited to the assets of the applicable separate account. At December 31, 2022, $34 million of these credit facilities were used. The Company also has access to uncommitted lines of credit from financial institutions. Agreements for Senior Notes Issuance In November 2013, Prudential Financial entered into a ten The put option described above will be exercised automatically in full upon the Company’s failure to make certain payments to the trust, such as paying the put option premium or reimbursing the trust for its expenses, if the Company’s failure to pay is not cured within 30 days, and upon an event involving its bankruptcy. The Company is also required to exercise the put option if its consolidated stockholders’ equity, calculated in accordance with U.S. GAAP but excluding AOCI, falls below $7.0 billion, subject to adjustment in certain cases. The Company has a one-time right to unwind a prior voluntary exercise of the put option by repurchasing all of the senior notes then held by the trust in exchange for a corresponding amount of U.S. Treasury securities. Finally, Prudential Financial may redeem all but not less than all outstanding senior notes prior to their maturity at a redemption price equal to the greater of par or a make-whole price, following a voluntary exercise in full of the put option. In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust invested the proceeds from the sale of the trust securities in a portfolio of principal and/or interest strips of U.S. Treasury securities. The facility agreement provides Prudential Financial the right to issue and sell to the trust from time to time up to $1.5 billion of 2.850% senior notes due May 15, 2030 and receive in exchange a corresponding amount of the U.S. Treasury securities held by the trust. In return, the Company agreed to pay a semi-annual facility fee to the trust at a rate of 2.175% per annum applied to the maximum amount of senior notes that the Company could issue and sell to the trust. Similar to the Company’s put option agreement, the facility agreement with the trust provides Prudential Financial with a source of liquid assets. The right to issue senior notes described above will be exercised automatically in full upon the Company’s failure to make certain payments to the trust, such as paying the facility fee or reimbursing the trust for its expenses, if the Company’s failure to pay is not cured within 30 days, and upon an event involving its bankruptcy. The Company is also required to exercise this issuance right if its consolidated stockholders’ equity, calculated in accordance with U.S. GAAP but excluding AOCI, falls below $9.0 billion, subject to adjustment in certain cases . Prior to any involuntary exercise of the issuance right, the Company has the right to repurchase any of its senior notes then held by the trust in exchange for a corresponding amount of U.S. Treasury securities. Finally, Prudential Financial may redeem any outstanding senior notes, in whole or in part, prior to February 15, 2030, at a redemption price equal to the greater of par or a make-whole price, or thereafter, at par. Long-term Debt The table below presents the Company’s long-term debt at December 31, for the years indicated as follows: Maturity Rate(1) December 31, 2022 2021 ($ in millions) Fixed-rate notes: Surplus notes 2025 8.3% $ 345 $ 344 Surplus notes subject to set-off arrangements 2024-2038 2.23%-5.26% 9,460 7,861 Senior notes 2026-2051 1.5%-6.63% 10,115 10,282 Mortgage debt 2027 3.85% 25 24 Floating-rate notes: Line of Credit 2025 1.35%-5.77% 300 300 Surplus notes subject to set-off arrangements 2024-2037 1.59%-5.14% 2,330 2,330 Mortgage debt(2) 2029 1.01%-1.04% 29 54 Junior subordinated notes(3) 2043-2062 1.55%-6% 9,094 7,618 Subtotal 31,698 28,813 Less: assets under set-off arrangements(4) 11,790 10,191 Total long-term debt(5) $ 19,908 $ 18,622 __________ (1) Ranges of interest rates are for the year ended December 31, 2022. (2) Includes $29 million of debt denominated in foreign currency at both December 31, 2022 and 2021. (3) Includes Prudential Financial debt of $9,047 million and subsidiary debt of $47 million denominated in foreign currency at December 31, 2022. (4) Assets under set-off arrangements represent a reduction in the amount of surplus notes included in long-term debt, resulting from an arrangement where valid rights of set-off exist and it is the intent of both parties to settle on a net basis under legally enforceable arrangements. These assets include available-for-sale securities that are reported at fair value. (5) Includes Prudential Financial debt of $19,162 million and $17,673 million at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, the Company was in compliance with all debt covenants related to the borrowings in the table above. The following table presents the contractual maturities of the Company’s long-term debt as of December 31, 2022: Calendar Year 2024 2025 2026 2027 2028 and Total (in millions) Long-term debt $ 0 $ 646 $ 500 $ 25 $ 18,737 $ 19,908 Senior Notes Under its shelf registration statement, the Company has issued Medium-Term Notes and InterNotes ® Retail Notes. In addition, the Company completed a debt exchange offer in 2017, pursuant to which it issued two series of Senior Notes. The table below presents the Company’s balances related to these issuances, as well as its mortgage debt balance, as of December 31 for the years indicated as follows: Facility Name Maturity Date Range 2022 Amount Outstanding 2021 Amount Outstanding ($ in millions) Medium-Term Notes 2023-2051 $ 8,548 $ 8,544 Senior Notes 2047-2049 1,476 1,469 InterNotes ® Retail Notes 2029-2045 264 269 Mortgage Debt(1) 2023-2029 208 274 Total $ 10,496 $ 10,556 __________ (1) Includes $154 million of notes from current portion of long-term debt as of December 31, 2022. The weighted average interest rate on outstanding Senior Notes, Medium-Term Notes, and InterNotes ® Retail Notes, including the effect of interest rate hedging activity, was 4.42% and 4.39% for the years ended December 31, 2022 and 2021, respectively, excluding the effect of debt issued to consolidated subsidiaries. Mortgage Debt . Mortgage debt decreased by $66 million from December 31, 2021, primarily due to maturities and prepayments of $92 million and foreign exchange fluctuations of $3 million offset by new borrowings in 2022 of $29 million. This mortgage debt is issued by the Company’s subsidiaries and has recourse only to real estate property held for investment by those subsidiaries. Funding Agreement Notes Issuance Program (“FANIP”). The Company maintains a FANIP in which statutory trusts issue medium-term notes and commercial paper secured by funding agreements issued to the trusts by PICA. These obligations are included in “Policyholders’ account balances” and not included in the foregoing table. See Note 12 for further discussion of these obligations. Surplus Notes As of December 31, 2022, PICA had $345 million of fixed-rate surplus notes outstanding. These notes are subordinated to other PICA borrowings and policyholder obligations, and the payment of interest and principal may only be made with the prior approval of the NJDOBI. The NJDOBI could prohibit the payment of the interest and principal on the surplus notes if certain statutory capital requirements are not met. At December 31, 2022 and 2021, the Company met these statutory capital requirements. Surplus Notes with Set-Off Arrangements Agreement Start Date Maturity Years Maximum Borrowing Capacity 2022 Amount Outstanding 2021 Amount Outstanding ($ in millions) Regulation XXX 2013-2021(1)(2) 2023-2036 $ 1,750 $ 1,600 $ 1,600 2014-2017 2024-2037 2,400 2,330 2,330 2018 2038 1,600 920 920 Guideline AXXX 2013(3) 2033 3,500 3,500 3,500 2017 2037 2,000 1,540 1,466 2020 2032 2,700 2,100 775 Other Notes 2019 2029 4,000 300 100 Total $ 17,950 $ 12,290 $ 10,691 __________ (1) Prudential has agreed to reimburse one of the external counterparties for any payment under the credit linked notes funded by it in an amount of up to $0.3 billion. (2) Includes $0.5 billion of notes from current portion of long-term debt. (3) The current financing capacity available under the facility is $3.5 billion but can be increased to a maximum potential size of $4.5 billion. Surplus Notes Supporting Regulation XXX and Guideline AXXX Reserves As shown in the table above, the Company’s captive reinsurance subsidiaries maintain facilities with external counterparties providing for the issuance of surplus notes by the captive to finance reserves required under Regulation XXX and Guideline AXXX. Under these facilities, the captives receive in exchange for the surplus notes one or more credit-linked notes issued by special-purpose affiliates in aggregate principal amounts equal to the surplus notes issued. The captives hold the credit-linked notes as assets supporting the non-economic portion of the statutory reserves required to be held by the Company’s domestic insurance subsidiaries under Regulation XXX and Guideline AXXX in connection with the reinsurance of term life or universal life insurance policies through the captive. The non-economic portion of the statutory reserve equals the difference between the statutory reserve required under Regulation XXX and Guideline AXXX and the amount the Company considers necessary to maintain solvency for moderately adverse experience. The credit-linked notes are redeemable for cash upon the occurrence of a liquidity stress event affecting the captives and external counterparties have agreed to fund these payments in return for a fee. Under certain of these different transactions, Prudential Financial has agreed to reimburse the captive for investment losses in excess of specified amounts. For each of the above transactions, because valid rights of set-off exist, interest and principal payments on the surplus notes and on the related credit-linked notes are settled on a net basis, and the surplus notes are reflected in the Company’s total consolidated borrowings on a net basis. The surplus notes for the captive reinsurance subsidiaries described above are subordinated to policyholder obligations, and the repayment of principal may only be made with prior approval of the Arizona Department of Insurance and Financial Institutions, the domiciliary insurance regulator of the captives. The payment of interest on the surplus notes has been approved by the Arizona Department of Insurance and Financial Institutions, subject to its ability to withdraw that approval. Other Surplus Notes The surplus note facility listed under “Other Notes” in the table above reflects a financing facility that Prudential Legacy Insurance Company of New Jersey (“PLIC”) has entered into with certain external counterparties and a special-purpose affiliate, pursuant to which PLIC may, at its option, issue and sell to the affiliate up to $4.0 billion in aggregate principal amount of surplus notes, in return for an equal principal amount of credit-linked notes. The credit-linked notes are redeemable for cash upon the occurrence of a liquidity stress event affecting PLIC, and external counterparties have agreed to fund these payments in return for a fee. Upon issuance, PLIC would hold any credit-linked notes as assets to support future statutory surplus needs within PLIC. Junior Subordinated Notes Prudential Financial’s junior subordinated notes outstanding are considered hybrid securities that receive enhanced equity treatment from the rating agencies. These notes outstanding, along with their key terms, are as follows: Issue Date Principal Initial Investor Optional Interest Rate Maturity Date ($ in millions) Nov-12 $ 1,500 5.63 % Institutional 6/15/2023 LIBOR + 3.92% 6/15/2043 Mar-13 $ 500 5.20 % Institutional 3/15/2024 LIBOR + 3.04% 3/15/2044 May-15 $ 1,000 5.38 % Institutional 5/15/2025 LIBOR + 3.03% 5/15/2045 Sep-17 $ 750 4.50 % Institutional 9/15/2027 LIBOR + 2.38% 9/15/2047 Aug-18 $ 565 5.63 % Retail 8/15/2023 5.63% 8/13/2058 Sep-18 $ 1,000 5.70 % Institutional 9/15/2028 LIBOR + 2.67% 9/15/2048 Aug-20 $ 500 4.13 % Retail 9/1/2025 4.13% 9/1/2060 Aug-20 $ 800 3.70 % Institutional 10/1/2030 US Treasury + 3.04% 10/1/2050 Feb-22 $ 1,000 5.13 % Institutional 2/28/2032 US Treasury + 3.16% 3/1/2052 Aug-22 $ 1,200 6.00 % Institutional 9/1/2032 US Treasury + 3.23% 9/1/2052 Aug-22 $ 300 5.95 % Retail 9/1/2027 5.95% 9/1/2062 The Company has the right to defer interest payments on these notes for specified periods, typically 5 to 10 years without resulting in a default, during which time interest will be compounded. On or after the optional redemption dates, Prudential Financial may redeem the notes at par plus accrued and unpaid interest. Prior to those optional redemption dates, redemptions generally are subject to a make-whole price; however, the Company may redeem the notes prior to these dates at par upon the occurrence of certain events, such as a future change in the regulatory capital treatment of the notes with respect to the Company. Limited Recourse Notes In 2014, the Company entered into financing transactions pursuant to which it issued $500 million of limited recourse notes and, in return, obtained $500 million of asset-backed notes issued by a designated series of a Delaware master trust and ultimately contributed the asset-backed notes to its subsidiary, PRIAC. As a result of the Company’s sale of its Full Service Retirement business to Great-West, which included the sale of all of the outstanding equity interests of PRIAC, the $500 million of limited-recourse notes were canceled as of April 1, 2022. Interest Expense In order to manage exposure to interest rate and currency exchange rate movements, the Company utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issuances. The impact of these derivative instruments is not reflected in the rates presented in the tables above. For those derivative instruments that qualify for hedge accounting, interest expense was less than $1 million, $2 million, and $2 million for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 5 for additional information regarding the Company’s use of derivative instruments.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS Pension and Other Postretirement Plans The Company has funded and non-funded non-contributory defined benefit pension plans (“Pension Benefits”), which cover substantially all of its employees. For some employees, benefits are based on final average earnings and length of service (the “traditional formula”), while benefits for other employees are based on an account balance that takes into consideration age, length of service and earnings during their career (the “cash balance formula”). At December 31, 2022, approximately 78% of the Company’s Pension Benefits relate to its domestic qualified pension plan, which initially determined benefits based on the traditional formula. Effective January 1, 2001, active domestic employees covered under this plan were given the option to convert from the traditional formula to the cash balance formula, and all new domestic employees began accruing benefits under the cash balance formula. As of December 31, 2022, approximately 68% and 32% of the benefit obligation under this plan relates to participants under the traditional formula (including all retirees who are receiving an annuity payment) and cash balance formula, respectively. At December 31, 2022, the vast majority of active employees under this plan are accruing benefits under the cash balance formula. The Company provides certain health care and life insurance benefits for its retired employees, their beneficiaries and covered dependents (“Other Postretirement Benefits”). The health care plan is contributory; the life insurance plan is non-contributory. Substantially all of the Company’s U.S. employees are eligible to receive Other Postretirement Benefits if they retire after age 55 with at least 10 years of service or under certain circumstances after age 50 with at least 20 years of continuous service. The Company modified the Retiree Medical Savings Account (“RMSA”) program, one of the components of Other Postretirement Benefits, in 2022. The RMSA program is no longer offered to employees hired or rehired on or after January 1, 2022, while active employees no longer receive service credits after September 1, 2022, and retirees no longer receive interest credits after December 31, 2022. In addition, effective January 1, 2023, the Company expanded the permitted uses of the RMSA by retirees and added a 25-year time limit for retirees to utilize the RMSA. Prepaid benefits costs and accrued benefit liabilities are included in “Other assets” and “Other liabilities,” respectively, in the Company’s Consolidated Statements of Financial Position. The status of these plans as of December 31, 2022 and 2021 is summarized below: Pension Benefits Other Postretirement Benefits 2022 2021 2022 2021 (in millions) Change in benefit obligation Benefit obligation at the beginning of period $ (14,787) $ (15,483) $ (1,793) $ (2,040) Service cost (276) (328) (13) (27) Interest cost (431) (364) (56) (49) Plan participants’ contributions 0 0 (27) (23) Medicare Part D subsidy receipts 0 0 (6) (5) Amendments (1) 0 0 121 Curtailments 47 0 1 0 Actuarial gains (losses), net(1) 3,242 310 364 55 Settlements 35 24 0 0 Special termination benefits (4) (1) (4) 0 Benefits paid 855 868 185 173 Acquisition/Divestiture 0 13 0 0 Foreign currency changes and other 221 174 1 2 Benefit obligation at end of period $ (11,099) $ (14,787) $ (1,348) $ (1,793) Change in plan assets Plan assets at beginning of period $ 15,242 $ 14,897 $ 1,621 $ 1,589 Actual return on plan assets (1,945) 1,059 (282) 174 Employer contributions 176 205 10 8 Plan participants’ contributions 0 0 27 23 Disbursement for settlements (35) (24) 0 0 Benefits paid (855) (868) (185) (173) Acquisition/Divestiture 0 (5) 0 0 Foreign currency changes and other (64) (22) 0 0 Plan assets at end of period $ 12,519 $ 15,242 $ 1,191 $ 1,621 Funded status at end of period $ 1,420 $ 455 $ (157) $ (172) Amounts recognized in the Statements of Financial Position Prepaid benefit cost $ 3,622 $ 3,272 $ 0 $ 0 Accrued benefit liability (2,202) (2,817) (157) (172) Net amount recognized $ 1,420 $ 455 $ (157) $ (172) Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost: Prior service cost $ (2) $ (5) $ (54) $ (69) Net actuarial loss 2,466 3,131 222 211 Net amount not recognized $ 2,464 $ 3,126 $ 168 $ 142 Accumulated benefit obligation $ (10,661) $ (13,969) $ (1,348) $ (1,793) __________ (1) For both 2022 and 2021, actuarial gains for pension and other postretirement benefits were primarily driven by an increase in the discount rate. In addition to the plan assets above, the Company in 2007 established an irrevocable trust, commonly referred to as a “rabbi trust,” for the purpose of holding assets of the Company to be used to satisfy its obligations with respect to certain non-qualified retirement plans ($1,026 million and $1,327 million benefit obligation at December 31, 2022 and 2021, respectively). Assets held in the rabbi trust are available to the general creditors of the Company in the event of insolvency or bankruptcy. The Company may from time to time in its discretion make contributions to the trust to fund accrued benefits payable to participants in one or more of the plans, and, in the case of a change in control of the Company, as defined in the trust agreement, the Company will be required to make contributions to the trust to fund the accrued benefits, vested and unvested, payable on a pre-tax basis to participants in the plans. In addition, the Company may from time to time at its discretion make a withdrawal or request a policy loan from the trust to fund operational or capital needs. The Company did not make any discretionary payments to the trust or receive any withdrawals or policy loans from the trust in either 2022 or 2021. As of December 31, 2022 and 2021, the assets in the trust had a carrying value of $983 million and $1,109 million, respectively. The Company also maintains a separate rabbi trust for the purpose of holding assets of the Company to be used to satisfy its obligations with respect to certain other non-qualified retirement plans ($58 million and $73 million benefit obligation at December 31, 2022 and 2021, respectively), as well as certain cash-based deferred compensation arrangements. As of December 31, 2022 and 2021, the assets in the trust had a carrying value of $80 million and $102 million, respectively. Pension benefits for foreign plans comprised 12% of the ending benefit obligation for both 2022 and 2021, respectively. Foreign pension plans comprised 3% and 4% of the ending fair value of plan assets for 2022 and 2021, respectively. There are no material foreign postretirement plans. Information for pension plans with a projected benefit obligation in excess of plan assets 2022 2021 (in millions) Projected benefit obligation $ 2,202 $ 2,817 Fair value of plan assets $ 0 $ 0 Information for pension plans with an accumulated benefit obligation in excess of plan assets 2022 2021 (in millions) Accumulated benefit obligation $ 2,072 $ 2,620 Fair value of plan assets $ 0 $ 0 Components of Net Periodic Benefit Cost The Company uses market related value to determine components of net periodic (benefit) cost. Market related value recognizes certain changes in fair value of plan assets over a period of five years. Changes in the fair value of U.S. equities, international equities, real estate and other assets are recognized over a five year period. However, changes in the fair value for fixed maturity assets (including short-term investments) are recognized immediately for the purposes of market related value. Net periodic (benefit) cost included in “General and administrative expenses” in the Company’s Consolidated Statements of Operations for the years ended December 31, includes the following components: Pension Benefits Other Postretirement 2022 2021 2020 2022 2021 2020 (in millions) Service cost $ 276 $ 328 $ 321 $ 13 $ 27 $ 24 Interest cost 431 364 429 56 49 64 Expected return on plan assets (866) (824) (804) (102) (102) (100) Amortization of prior service cost (1) (3) (4) (8) 6 6 Amortization of actuarial (gain) loss, net 160 245 262 6 16 16 Settlements 2 5 9 0 0 0 Curtailments(1) 0 1 0 (7) 0 0 Special termination benefits(2)(3) 4 1 7 4 0 0 Net periodic (benefit) cost $ 6 $ 117 $ 220 $ (38) $ (4) $ 10 __________ (1) For 2022, curtailments are recognized as a result of the sale of the Full Service Retirement business for other postretirement benefit plans. (2) For 2022, certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination while others were provided enhanced benefits due to the sale of the Full Service Retirement business. (3) For 2021 and 2020, certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination or participation in the Voluntary Separation Program that was offered to eligible U.S.-based employees in 2019. Changes in Accumulated Other Comprehensive Income (Loss) The benefit obligation is based upon actuarial assumptions such as discount, termination, retirement, mortality and salary growth rates. Changes at year-end in these actuarial assumptions, along with experience changes based on updated participant census data are deferred in AOCI. Plan assets generate actuarial gains and losses when actual returns on plan assets differ from expected returns on plan assets, and these differences are also deferred in AOCI. The cumulative deferred gain (loss) within AOCI is amortized into earnings if it exceeds 10% of the greater of the benefit obligation or plan assets at the beginning of the year, and the amortization period is based upon the actuarially calculated expected future years of service for a given plan. The amounts recorded in AOCI as of the end of the period, which have not yet been recognized as a component of net periodic (benefit) cost, and the related changes in these items during the period that are recognized in “Other comprehensive income (loss)” are as follows: Pension Benefits Other Postretirement Prior Net Prior Net (in millions) Balance, December 31, 2019 $ (12) $ 4,191 $ 65 $ 341 Amortization for the period 4 (262) (6) (16) Deferrals for the period(1) 0 42 0 30 Impact of foreign currency changes and other (2) 1 0 (1) Balance, December 31, 2020 (10) 3,972 59 354 Amortization for the period 3 (245) (6) (16) Deferrals for the period(2) 0 (545) (121) (127) Impact of foreign currency changes and other 2 (51) (1) 0 Balance, December 31, 2021 (5) 3,131 (69) 211 Amortization for the period 1 (160) 8 (6) Deferrals for the period(3) 1 (431) 0 20 Impact of foreign currency changes and other 1 (74) 7 (3) Balance, December 31, 2022 $ (2) $ 2,466 $ (54) $ 222 __________ (1) For 2020, deferred losses for pension and other postretirement benefits were driven by a decrease in discount rate partially offset by favorable asset performance. (2) For 2021, deferred gains for pension and other postretirement benefits were driven by an increase in discount rate and favorable asset performance. (3) For 2022, deferred gains for pension were driven by an increase in discount rate offset partially by unfavorable asset performance. Deferred losses for other postretirement benefits were driven by unfavorable asset performance partially offset by an increase in discount rate. The Company’s assumptions related to the calculation of the domestic benefit obligation (end of period) and the determination of net periodic (benefit) cost (beginning of period) are presented in the table below: Pension Benefits Other Postretirement Benefits 2022 2021 2020 2022 2021 2020 Weighted average assumptions Discount rate (beginning of period) 2.85 % 2.55 % 3.30 % 2.75 % 2.40 % 3.25 % Discount rate (end of period) 5.45 % 2.85 % 2.55 % 5.55 % 2.75 % 2.40 % Rate of increase in compensation levels (beginning of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Rate of increase in compensation levels (end of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Expected return on plan assets (beginning of period) 6.00 % 5.75 % 6.00 % 7.00 % 6.75 % 6.75 % Interest crediting rate (beginning of period) 4.25 % 4.25 % 4.30 % N/A N/A N/A Interest crediting rate (end of period) 4.25 % 4.25 % 4.25 % N/A N/A N/A Health care cost trend rates (beginning of period) N/A N/A N/A 6.00 % 6.25 % 6.25 % Health care cost trend rates (end of period) N/A N/A N/A 6.50 % 6.00 % 6.25 % For 2022, 2021 and 2020, the ultimate health care cost trend rate after gradual decrease until: 2028, 2028, 2028, (beginning of period) N/A N/A N/A 4.50 % 4.50 % 4.50 % For 2022, 2021 and 2020, the ultimate health care cost trend rate after gradual decrease until: 2030, 2028, 2028 (end of period) N/A N/A N/A 4.75 % 4.50 % 4.50 % The domestic discount rate used to value the pension and postretirement obligations at December 31, 2022 and December 31, 2021 is based upon the value of a portfolio of Aa-rated investments whose cash flows would be available to pay the benefit obligation’s cash flows when due. The December 31, 2022 portfolio is selected from a compilation of approximately 420 Aa-rated bonds across the full range of maturities. Since yields can vary widely at each maturity point, the Company generally avoids using the highest and lowest yielding bonds at the maturity points, so as to avoid relying on bonds that might be mispriced or misrated. This refinement process generally results in having a distribution from the 10th to 90th percentile. The Aa-rated portfolio is then selected and, accordingly, its value is a measure of the benefit obligation. A single equivalent discount rate is calculated to equate the value of the Aa-rated portfolio to the cash flows for the benefit obligation. The result is rounded to the nearest 5 basis points and the benefit obligation is recalculated using the rounded discount rate. The pension and postretirement expected long-term rates of return on plan assets for 2022 were determined based upon an approach that considered the allocation of plan assets as of December 31, 2021. Expected returns are estimated by asset class as noted in the discussion of investment policies and strategies below. Expected returns on asset classes are developed using a building-block approach that is forward looking and are not strictly based upon historical returns. The building blocks for equity returns include inflation, real return, a term premium, an equity risk premium, capital appreciation, expenses, the effect of active management and the effect of rebalancing. The building blocks for fixed maturity returns include inflation, real return, a term premium, credit spread, capital appreciation, effect of active management, expenses and the effect of rebalancing. The Company applied the same approach to the determination of the expected rate of return on plan assets in 2023. The expected rate of return for 2023 is 7.50% and 7.75% for pension and postretirement, respectively. The assumptions for foreign pension plans are based on local markets. There are no material foreign postretirement plans. Plan Assets The investment goal of the domestic pension plan assets is to generate an above benchmark return on a diversified portfolio of stocks, bonds and other investments. The cash requirements of the pension obligation, which include a traditional formula principally representing payments to annuitants and a cash balance formula that allows lump sum payments and annuity payments, are designed to be met by the bonds and short-term investments in the portfolio. The investment goal of the domestic postretirement plan assets is to generate an above benchmark return on a diversified portfolio of stocks, bonds, and other investments, while meeting the cash requirements for the postretirement obligation that includes a medical benefit including prescription drugs, a dental benefit and a life benefit. The pension and postretirement plans risk management practices include guidelines for asset concentration, credit rating, liquidity and tax efficiency. The pension and postretirement plans do not invest in leveraged derivatives. Derivatives such as futures contracts are used to reduce transaction costs and change asset concentration, while interest rate swaps and futures are used to adjust duration. The plan fiduciaries for the Company’s pension and postretirement plans have developed guidelines for asset allocations reflecting a percentage of total assets by asset class, which are reviewed on an annual basis. Asset allocation targets as of December 31, 2022 are as follows: Pension Postretirement Minimum Maximum Minimum Maximum Asset Category U.S. Equities 3 % 7 % 37 % 78 % International Equities 3 % 9 % 2 % 24 % Fixed Maturities 45 % 61 % 9 % 43 % Short-term Investments 0 % 14 % 0 % 23 % Real Estate 3 % 18 % 0 % 0 % Other 5 % 36 % 0 % 0 % To implement the investment strategy, plan assets are invested in funds that primarily invest in securities that correspond to one of the asset categories under the investment guidelines. However, at any point in time, some of the assets in a fund may be of a different nature than the specified asset category. Assets held with PICA are in either pooled separate accounts or single client separate accounts. Assets held with a bank are either in common/collective trusts or single client trusts. Pooled separate accounts and common/collective trusts hold assets for multiple investors. Each investor owns a “unit of account.” The asset allocation targets above include the underlying asset mix in the Pooled Separate Accounts and Common/Collective Trusts. Single client separate accounts or trusts hold assets for only one investor, the domestic qualified pension plan, and each security in the fund is treated as individually owned. There were no investments in Prudential Financial Common Stock as of both December 31, 2022 and 2021 for either the pension or postretirement plans. The authoritative guidance around fair value established a framework for measuring fair value. Fair value is disclosed using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value, as described in Note 6. The following describes the valuation methodologies used for pension and postretirement plans assets measured at fair value. Insurance Company Pooled Separate Accounts, Common/Collective Trusts, and United Kingdom Insurance Pooled Funds —Insurance company pooled separate accounts are invested via group annuity contracts issued by PICA. Assets are represented by a “unit of account.” The redemption value of those units is based on a per unit value whose value is the result of the accumulated values of underlying investments. The unit of account value is used as a practical expedient to estimate fair value. Equities —See Note 6 for a discussion of the valuation methodologies for equity securities. U.S. Government Securities (both Federal and State & Other), Non–U.S. Government Securities , and Corporate Debt —See Note 6 for a discussion of the valuation methodologies for fixed maturity securities. Interest Rate Swaps —See Note 6 for a discussion of the valuation methodologies for derivative instruments. Registered Investment Companies (Mutual Funds) —Securities are priced at the NAV, which is the closing price published by the registered investment company on the reporting date. Short-term Investments —Securities are valued initially at cost and thereafter adjusted for amortization of any discount or premium (i.e., amortized cost). Amortized cost approximates fair value. Partnerships —The value of interests owned in partnerships is based on valuations of the underlying investments that include private placements, structured debt, real estate, equities, fixed maturities, commodities and other investments. Hedge Funds —The value of interests in hedge funds is based on the underlying investments that include equities, debt and other investments. Variable Life Insurance Policies —These assets are held in group and individual variable life insurance policies issued by PICA. Group policies are invested in Insurance Company Pooled Separate Accounts. Individual policies are invested in Registered Investment Companies (Mutual Funds). The value of interest in these policies is the cash surrender value (contract value) of the policies based on the underlying investments. The variable life insurance policies are valued at contract value which approximates fair value. Pension plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2022 As of December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Fixed Maturities: U.S. government securities (federal) $ 0 $ 406 $ 0 $ 406 $ 0 $ 1,081 $ 0 $ 1,081 U.S. government securities (state & other) 0 376 0 376 0 518 0 518 Non-U.S. government securities 0 57 0 57 0 114 0 114 Corporate Debt: Corporate bonds 0 2,619 0 2,619 0 3,809 0 3,809 Asset-backed 0 46 0 46 0 23 0 23 Collateralized mortgage obligations 0 472 0 472 0 570 0 570 Collateralized loan obligations 0 650 0 650 0 502 0 502 Interest rate swaps(1) 0 11 0 11 0 (1) 0 (1) Registered investment companies 65 0 0 65 85 0 0 85 Other(2) 17 0 65 82 11 4 42 57 Subtotal fixed maturities 82 4,637 65 4,784 96 6,620 42 6,758 Real Estate: Partnerships 0 0 1,004 1,004 0 0 998 998 Other: Partnerships 0 0 1,713 1,713 0 0 1,800 1,800 Hedge funds 0 0 1,455 1,455 0 0 1,304 1,304 Subtotal other 0 0 3,168 3,168 0 0 3,104 3,104 Net assets in the fair value hierarchy $ 82 $ 4,637 $ 4,237 $ 8,956 $ 96 $ 6,620 $ 4,144 $ 10,860 Investments Measured at Net Asset Value, as a Practical Expedient(3): Pooled separate accounts $ 2,347 $ 2,554 Common/collective trusts 1,131 1,643 United Kingdom insurance pooled funds 85 185 Net assets at fair value $ 12,519 $ 15,242 _______________ (1) Interest rate swaps notional amount is $1,373 million and $433 million for the years ended December 31, 2022 and 2021, respectively. (2) This category primarily consists of cash and cash equivalents, short-term investments, payables and receivables, and open future contract positions (including fixed income collateral). (3) The pension plan excludes from the fair value hierarchy investments that are measured at NAV per share (or its equivalent) as a practical expedient to estimate fair value. Changes in Fair Value of Level 3 Pension Assets Fixed Maturities Real Other Other Partnerships Partnerships Hedge Fund (in millions) Fair Value, January 1, 2021 $ 35 $ 838 $ 1,234 $ 1,327 Actual Return on Assets: Relating to assets still held at the reporting date 0 128 639 98 Relating to assets sold during the period 0 0 0 0 Purchases, sales and settlements 7 32 (73) (121) Transfers in and/or out of Level 3 0 0 0 0 Fair Value, December 31, 2021 $ 42 $ 998 $ 1,800 $ 1,304 Actual Return on Assets: Relating to assets still held at the reporting date 0 56 (92) 33 Relating to assets sold during the period 0 0 0 0 Purchases, sales and settlements 23 (50) 5 118 Transfers in and/or out of Level 3 0 0 0 0 Fair Value, December 31, 2022 $ 65 $ 1,004 $ 1,713 $ 1,455 Postretirement plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2022 As of December 31, 2021 Level 1 Level 2 Level 3(3) Total Level 1 Level 2 Level 3 Total (in millions) Equities: U.S. equities(1) $ 0 $ 24 $ 0 $ 24 $ 0 $ 28 $ 0 $ 28 International equities 0 8 0 8 0 10 0 10 Subtotal equities 0 32 0 32 0 38 0 38 Fixed Maturities: Equities(1) 0 11 0 11 0 12 0 12 Subtotal fixed maturities 0 11 0 11 0 12 0 12 Short-term Investments: Registered investment companies 50 0 0 50 114 0 0 114 Net assets in the fair value hierarchy $ 50 $ 43 $ 0 $ 93 $ 114 $ 50 $ 0 $ 164 Investments Measured at Net Asset Value, as a Practical Expedient(2): Common/collective trusts $ 189 $ 294 Net assets at fair value 282 458 Variable Life Insurance Policies at contract value 909 1,163 Total net assets $ 1,191 $ 1,621 __________ (1) Prior period amounts have been updated to conform to current period presentation. (2) The postretirement plan excludes from the fair value hierarchy investments that are measured at NAV per share (or its equivalent) as a practical expedient to estimate fair value. (3) There were no changes in the fair value of Level 3 postretirement assets from December 31, 2021 through December 31, 2022. Pension Benefit Other (in millions) 2023 $ 824 $ 149 2024 833 151 2025 861 150 2026 880 143 2027 909 136 2028-2032 4,554 555 Total $ 8,861 $ 1,284 The Company anticipates that it will make cash contributions in 2023 of approximately $185 million to the pension plans and approximately $10 million to the postretirement plans. Postemployment Benefits The Company accrues postemployment benefits for income continuance and health and life benefits provided to former or inactive employees who are not retirees. The net accumulated liability for these benefits at December 31, 2022 and 2021 was $30 million and $34 million, respectively, and is included in “Other liabilities.” Other Employee Benefits The Company sponsors voluntary savings plans for employees (401(k) plans). The plans provide for salary reduction contributions by employees and matching contributions by the Company of up to 4% of annual salary. The matching contributions by the Company included in “General and administrative expenses” were $77 million, $80 million and $82 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Equity

Equity	12 Months Ended
Equity	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Equity	EQUITY Preferred Stock As of December 31, 2022, 2021 and 2020, the Company had 10,000,000 shares of preferred stock authorized but none issued or outstanding. Common Stock On the date of demutualization in December 2001, Prudential Financial completed an initial public offering of its Common Stock. The shares of Common Stock issued were in addition to shares of Common Stock the Company distributed to policyholders as part of the demutualization. The Common Stock is traded on the New York Stock Exchange under the symbol “PRU”. In the event of a liquidation, dissolution or winding-up of the Company, holders of Common Stock would be entitled to receive a proportionate share of the net assets of the Company that remain after paying all liabilities and the liquidation preferences of any preferred stock. The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Outstanding (in millions) Balance, December 31, 2019 666.3 267.5 398.8 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 6.7 (6.7) Stock-based compensation programs(1) 0.0 (4.3) 4.3 Balance, December 31, 2020 666.3 269.9 396.4 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 24.5 (24.5) Stock-based compensation programs(1) 0.0 (4.4) 4.4 Balance, December 31, 2021 666.3 290.0 376.3 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 14.5 (14.5) Stock-based compensation programs(1) 0.0 (4.2) 4.2 Balance, December 31, 2022 666.3 300.3 366.0 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs. Additional paid-in capital “Additional paid-in capital” is primarily comprised of the cumulative excess between: (a) the total cash received by the Company in conjunction with past issuances of Common Stock shares or Common Stock shares reissued from treasury in conjunction with the Company’s stock-based compensation program and (b) the total par value associated with those shares ($.01 per share). Common stock held in treasury Common Stock held in treasury represents the Company’s previously issued shares of stock which have been repurchased by the Company but not retired. These shares are accounted for at the cost at which they were acquired. Common Stock held in treasury is typically impacted by repurchases of shares under the Board of Directors approved share repurchase program and by reissuances of shares associated with our stock-based compensation programs, or for other purposes, which are accounted for at average cost upon reissuance. Gains resulting from the reissuance of Common Stock held in treasury are credited to “Additional paid-in capital”. Losses resulting from the reissuance of Common Stock held in treasury are charged first to “Additional paid-in capital” to the extent the Company has previously recorded gains on treasury share transactions, then to “Retained earnings”. The Board of Directors may from time to time, at its discretion, authorize management to repurchase shares of Common Stock of the Company. The timing and amount of share repurchases are determined by management based upon market conditions and other considerations, and repurchases may be executed in the open market, through derivative, accelerated repurchase and other negotiated transactions and through prearranged trading plans complying with Rule 10b5-1(c) under the Securities Exchange Act of 1934 (the “Exchange Act”). Numerous factors could affect the timing and amount of any future repurchases under the share repurchase authorization, including increased capital needs of the Company due to changes in regulatory capital requirements, opportunities for growth and acquisitions, and the effect of adverse market conditions on the segments. The following table summarizes share repurchases for each of the past three years as well as the share repurchase authorization for 2023, which was approved by the Board of Directors in February 2023: January 1, 2023 - January 1, 2022 - January 1, 2021 - January 1, 2020 - Total Board authorized share repurchase amount ($ in billions) $ 1.0 $ 1.5 $ 2.5 $ 2.0 Total number of shares repurchased under this authorization as of the period end (in millions) N/A* 14.5 24.5 6.7 __________ * Share repurchase authorization for a future period. (1) In April 2020, the Company suspended Common Stock repurchases under the 2020 share repurchase authorization and did not resume share repurchases for the remainder of the authorization period. Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Consolidated Statements of Comprehensive Income. Each of the components that comprise OCI are described in further detail in Note 2 (Foreign Currency Translation Adjustment and Net Unrealized Investment Gains (Losses)) and Note 18 (Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)). The balance of and changes in each component of AOCI as of and for the years ended December 31, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Pension and Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2019 $ (536) $ 28,112 $ (3,537) $ 24,039 Change in OCI before reclassifications 455 8,112 (70) 8,497 Amounts reclassified from AOCI 57 (883) 280 (546) Income tax benefit (expense) 76 (1,276) (52) (1,252) Balance, December 31, 2020 52 34,065 (3,379) 30,738 Change in OCI before reclassifications (1,058) (9,226) 843 (9,441) Amounts reclassified from AOCI (65) (2,486) 264 (2,287) Income tax benefit (expense) (79) 2,634 (241) 2,314 Balance, December 31, 2021 (1,150) 24,987 (2,513) 21,324 Change in OCI before reclassifications (1,198) (53,253) 479 (53,972) Amounts reclassified from AOCI 15 586 157 758 Income tax benefit (expense) (49) 12,262 (150) 12,063 Balance, December 31, 2022 $ (2,382) $ (15,418) $ (2,027) $ (19,827) __________ (1) Includes cash flow hedges of $2,616 million, $1,019 million and $(168) million as of December 31, 2022, 2021, and 2020, respectively, and fair value hedges of $(54) million, $(35) million, and $0 million as of December 31, 2022, 2021, and 2020, respectively. Reclassifications out of Accumulated Other Comprehensive Income (Loss) Years Ended December 31, Affected line item in Consolidated 2022 2021 2020 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustment $ (15) $ 2 $ 1 Realized investment gains (losses), net Foreign currency translation adjustment 0 63 (58) Other income (loss) Total foreign currency translation adjustment (15) 65 (57) Net unrealized investment gains (losses): Cash flow hedges—Interest Rate (7) 0 40 (3) Cash flow hedges—Currency 15 (4) 5 (3) Cash flow hedges—Currency/Interest rate 897 557 110 (3) Fair value hedges—Currency (4) (6) (1) (3) Net unrealized investment gains (losses) on available-for-sale securities (1,487) 1,939 729 Realized investment gains (losses), net Total net unrealized investment gains (losses) (586) 2,486 883 (4) Amortization of defined benefit items: Prior service cost 9 (3) (2) (5) Actuarial gain (loss) (166) (261) (278) (5) Total amortization of defined benefit items (157) (264) (280) Total reclassifications for the period $ (758) $ 2,287 $ 546 __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information regarding cash flow and fair value hedges. (4) See table below for additional information regarding unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 18 for information regarding employee benefit plans. Net Unrealized Investment Gains (Losses) Net unrealized investment gains (losses) on available-for-sale fixed maturity securities and certain other invested assets and other assets are included in the Company’s Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income (loss)” for a period that had been part of “Other comprehensive income (loss)” in earlier periods. The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an OTTI loss had been previously recognized, an allowance for credit losses has been recorded, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Gains (Losses) on Available-for-Sale Fixed Maturity Securities on which an OTTI Loss has been Recognized Net Unrealized Gains (Losses) on Available-for-Sale Fixed Maturity Securities on which an Allowance for Credit Losses has been Recorded Net DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Policyholders’ Income Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2019 $ 243 $ 0 $ 45,096 $ (1,585) $ (2,909) $ (3,366) $ (9,367) $ 28,112 Reclassification to all other due to implementation of ASU 2016-13(2) (243) 243 0 0 Net investment gains (losses) on investments arising during the period 47 13,914 (2,665) 11,296 Reclassification adjustment for (gains) losses included in net income 25 (908) 168 (715) Reclassification adjustment for OTTI losses excluded from net income (97) 97 0 0 Impact of net unrealized investment (gains) losses 356 (3,679) (2,526) 1,221 (4,628) Balance, December 31, 2020 $ 0 $ (25) $ 58,442 $ (1,229) $ (6,588) $ (5,892) $ (10,643) $ 34,065 Net investment gains (losses) on investments arising during the period 41 (15,505) 3,435 (12,029) Reclassification adjustment for (gains) losses included in net income 10 (2,496) 552 (1,934) Reclassification due to allowance for credit losses recorded during the period (3) 3 0 0 Impact of net unrealized investment (gains) losses 686 3,317 2,235 (1,353) 4,885 Balance, December 31, 2021 $ 0 $ 23 $ 40,444 $ (543) $ (3,271) $ (3,657) $ (8,009) $ 24,987 Net investment gains (losses) on investments arising during the period (90) (65,989) 15,176 (50,903) Reclassification adjustment for (gains) losses included in net income 23 563 (135) 451 Reclassification due to allowance for credit losses recorded during the period (1) 1 0 0 Impact of net unrealized investment (gains) losses 335 5,641 6,850 (2,779) 10,047 Balance, December 31, 2022 $ 0 $ (45) $ (24,981) $ (208) $ 2,370 $ 3,193 $ 4,253 $ (15,418) __________ (1) Includes cash flow and fair value hedges. See Note 5 for additional information. (2) Represents net unrealized gains (losses) for which an OTTI loss had been previously recognized. Retained earnings Retained earnings primarily represents the cumulative net income earned by the Company that has been retained by the Company as of the reporting date. Other unique items, included but not limited to the adoption of new accounting standards updates, may also impact retained earnings. In any given period, retained earnings may increase due to net income and may decrease due to net losses or the declaration of dividends. The declaration and payment of dividends on the Common Stock is limited by New Jersey corporate law, pursuant to which Prudential Financial is prohibited from paying a Common Stock dividend if, after giving effect to that dividend, either (a) the Company would be unable to pay its debts as they become due in the usual course of its business or (b) the Company’s total assets would be less than its liabilities. In addition, the terms of the Company’s outstanding junior subordinated debt include a “dividend stopper” provision that restricts the payment of dividends on the Common Stock if interest payments are not made on the junior subordinated debt. Other than the above limitations, the Company’s Retained earnings balance is free of restrictions for the payment of Common Stock dividends; however, Common Stock dividends will be dependent upon financial conditions, results of operations, cash needs, future prospects and other factors, including cash available to Prudential Financial, the parent holding company. The principal sources of funds available to Prudential Financial are dividends and returns of capital from its subsidiaries, loans from its subsidiaries, repayments of operating loans from its subsidiaries, and cash and other highly liquid assets. The primary uses of funds at Prudential Financial include servicing its debt, operating expenses, capital contributions and loans to subsidiaries, the payment of declared shareholder dividends and repurchases of outstanding shares of Common Stock if executed under Board authority. As of December 31, 2022, Prudential Financial had highly liquid assets (excluding amounts held in an intercompany liquidity account) of $4,535 million predominantly including cash, short-term investments, U.S. Treasury securities, obligations of other U.S. government authorities and agencies, and/or foreign government bonds. Future cash available at Prudential Financial to support the payment of future Common Stock dividends is dependent on the receipt of dividends or other funds from its subsidiaries, the majority of which are subject to comprehensive regulation, including limitations on their payment of dividends and other transfers of funds, which are discussed in this Note further below. Non-controlling interests For certain subsidiaries, the Company owns a controlling interest that is less than 100% ownership of the subsidiary but must consolidate 100% of the subsidiary’s financial statements in accordance with U.S. GAAP. Non-controlling interests represent the portion of equity ownership in a consolidated subsidiary that is not attributable to the Company. Insurance Subsidiaries - Statutory Financial Information and Restrictions on Payments of Dividends U.S. Insurance Subsidiaries—Statutory Financial Information The Company’s domestic insurance subsidiaries are required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile. Statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. The risk-based capital (“RBC”) ratio is a primary measure by which the Company and its insurance regulators evaluate the capital adequacy of PICA and the Company’s other domestic insurance subsidiaries. RBC is determined by NAIC-prescribed formulas that consider, among other things, risks related to the type and quality of the invested assets, insurance-related risks associated with an insurer’s products and liabilities, interest rate risks and general business risks. Insurers that have less statutory capital than required are considered to have inadequate capital and are subject to varying degrees of regulatory action depending upon the level of capital inadequacy. The Company expects to report RBC ratios as of December 31, 2022 above the regulatory required minimums that would require corrective action and above our “AA” financial strength target levels for PICA. The following table summarizes certain statutory financial information for the Company’s U.S. insurance subsidiary for the periods indicated: PICA In millions and presented as of or for the year ended December 31, 2022 December 31, 2021 December 31, 2020 Statutory net income (loss)(1) $ 1,116 $ 966 $ 1,770 Statutory capital and surplus(1) $ 14,049 $ 19,123 $ 11,597 __________ (1) Prior year amounts have been updated to conform to finalized statutory filing where applicable. U.S. Insurance Subsidiaries—Restrictions on Payment of Dividends to Prudential Financial, the Parent Holding Company With respect to PICA, a New Jersey domiciled insurance subsidiary which is also the Company’s primary domestic insurance subsidiary, New Jersey insurance law provides that, except in the case of extraordinary dividends (as described below), all dividends or other distributions paid by PICA may be paid only from unassigned surplus, as determined pursuant to statutory accounting principles, less cumulative unrealized investment gains and losses and revaluation of assets as of the prior calendar year-end. As of December 31, 2022, PICA’s unassigned surplus less applicable adjustments for cumulative unrealized investment gains was $6,791 million. PICA must give prior notification to the NJDOBI of its intent to pay any such dividend or distribution. Also, if any dividend, together with other dividends or distributions made within the preceding twelve months, exceeds the greater of (i) 10% of statutory capital and surplus as of the preceding December 31 or (ii) its statutory net gain from operations excluding realized investment gains and losses for the twelve-month period ending on the preceding December 31, the dividend is considered to be an “extraordinary dividend” and requires the prior approval of the NJDOBI. Under New Jersey insurance law, PICA is permitted to pay an ordinary dividend of up to $1,405 million after April 29, 2023, without prior approval of the NJDOBI. International Insurance Subsidiaries—Statutory Financial Information The Company’s international insurance subsidiaries prepare financial statements in accordance with local regulatory requirements. These statutory accounting practices differ from U.S. GAAP primarily by charging policy acquisition costs to expense as incurred and establishing future policy benefit liabilities using different actuarial assumptions, as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. The Japan Financial Services Agency (“FSA”) utilizes a solvency margin ratio to evaluate the capital adequacy of Japanese insurance companies. The solvency margin ratio considers the level of solvency margin capital to a solvency margin risk amount, which is calculated in a similar manner to RBC. As of December 31, 2022, the Company expects The Prudential Life Insurance Company Ltd. (“Prudential of Japan”) and Gibraltar Life both had solvency margin capital in excess of 3.5 times the regulatory required minimums that would require corrective action. All of the Company’s domestic and international insurance subsidiaries have capital and surplus levels that exceed their respective regulatory minimum requirements, and none utilized prescribed or permitted practices that vary materially from the practices prescribed by the NAIC or equivalent regulatory bodies for results reported as of December 31, 2022 and 2021, respectively, or for the years ended December 31, 2022, 2021 and 2020, respectively. International Insurance Subsidiaries—Restrictions on Payment of Dividends to Prudential Financial, the Parent Holding Company The Company’s international insurance operations are subject to dividend restrictions from the regulatory authorities in the jurisdictions in which they operate. With respect to Prudential of Japan and Gibraltar Life, the Company’s most significant international insurance subsidiaries, both of which are domiciled in Japan, Japan insurance law provides that common stock dividends may be paid in an amount of up to 83% of prior fiscal year statutory after-tax earnings, after certain reserving thresholds are met, including providing for policyholder dividends. If statutory retained earnings exceed 100% of statutory paid-in capital, 100% of prior year statutory after-tax earnings may be paid, after reserving thresholds are met. Dividends in excess of these amounts and other forms of capital distribution require the prior approval of the FSA. Additionally, Prudential of Japan and Gibraltar Life must give prior notification to the FSA of their intent to pay any dividend or distribution. For the year ended December 31, 2022, Prudential Financial received $1,313 million from its international insurance subsidiaries. In addition to paying Common Stock dividends, the Company’s international insurance operations may return capital to Prudential Financial through, or facilitated by, other means, such as the repayment of Preferred Stock obligations held by Prudential Financial or other affiliates, affiliated lending, affiliated derivatives and reinsurance with U.S.- and Bermuda-based affiliates. The Company’s Japan insurance operations have entered into reinsurance agreements with Gibraltar Re, the Company’s Bermuda-based reinsurance affiliate, to reinsure the mortality and morbidity risk associated with a portion of the in-force contracts as well as newly-issued contracts for certain products. The Company expects these transactions will allow it to more efficiently manage its capital and risk profile. The current regulatory fiscal year end for both Prudential of Japan and Gibraltar Life is March 31, 2023, after which time the common stock dividend amount permitted to be paid without prior approval from the FSA can be determined. In addition, although prior regulatory approval may not be required by law for the payment of dividends up to the limitations described above, in practice, the Company would typically discuss any dividend payments with the applicable regulatory authority prior to payment. Additionally, the payment of dividends by the Company’s subsidiaries is subject to declaration by their Board of Directors and may be affected by market conditions and other factors.

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the years ended December 31, is as follows: 2022 2021 2020 Income Weighted Per Share Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ (1,462) $ 7,794 $ (146) Less: Income (loss) attributable to noncontrolling interests (24) 70 228 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 25 115 21 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,463) 372.3 $ (3.93) $ 7,609 387.2 $ 19.65 $ (395) 395.8 $ (1.00) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 25 $ 115 $ 21 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 25 115 21 Stock options 0.0 0.7 0.0 Deferred and long-term compensation programs 0.0 2.2 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,463) 372.3 $ (3.93) $ 7,609 390.1 $ 19.51 $ (395) 395.8 $ (1.00) Unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and included in the computation of earnings per share pursuant to the two-class method. Under this method, earnings attributable to Prudential Financial are allocated between Common Stock and the participating awards, as if the awards were a second class of stock. During periods of net income available to holders of Common Stock, the calculation of earnings per share excludes the income attributable to participating securities in the numerator and the dilutive impact of these securities from the denominator. In the event of a net loss available to holders of Common Stock, undistributed earnings are not allocated to participating securities and the denominator excludes the dilutive impact of these securities as they do not share in the losses of the Company. Undistributed earnings allocated to participating unvested share-based payment awards for the years ended December 31, 2022, 2021 and 2020, as applicable, were based on 4.9 million, 5.8 million and 4.9 million of such awards, respectively, weighted for the period they were outstanding. Stock options and shares related to deferred and long-term compensation programs that are considered antidilutive are excluded from the computation of diluted earnings per share. Stock options are considered antidilutive based on application of the treasury stock method or in the event of a net loss available to holders of Common Stock. Shares related to deferred and long-term compensation programs are considered antidilutive in the event of a net loss available to holders of Common Stock. For the years ended December 31, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: 2022 2021 2020 Shares Exercise Shares Exercise Shares Exercise (in millions, except per share amounts, based on Antidilutive stock options based on application of the treasury stock method 0.5 $ 108.19 1.0 $ 102.54 3.3 $ 82.06 Antidilutive stock options due to net loss available to holders of Common Stock 0.4 0.0 0.4 Antidilutive shares based on application of the treasury stock method 0.1 0.0 0.2 Antidilutive shares due to net loss available to holders of Common Stock 2.0 0.0 1.6 Total antidilutive stock options and shares 3.0 1.0 5.5

Share-Based Payments

Share-Based Payments	12 Months Ended
Share-Based Payments	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement	SHARE-BASED PAYMENTS Omnibus Incentive Plan Prudential Financial, Inc.’s Omnibus Incentive Plan provides stock-based awards including stock options, stock appreciation rights, restricted stock shares, restricted stock units, stock settled performance shares, and cash settled performance units. Dividend equivalents are generally provided on restricted stock shares and restricted stock units outstanding as of the record date. Dividend equivalents are generally accrued on target performance shares and units outstanding as of the record date. These dividend equivalents are paid only on the performance shares and units released up to a maximum of the target number of shares and units awarded. Generally, the requisite service period is the vesting period. There were 14,546,451 authorized shares available for grant under the Omnibus Incentive Plan as of December 31, 2022. Assurance IQ Acquisition The Company acquired Assurance IQ on October 10, 2019. The terms of the acquisition included compensation awards that involved share-based payment arrangements that are linked to retention and therefore fall under the reporting requirements of ASC 718, Stock Compensation. These compensation awards include stock options, restricted stock units and performance shares. Compensation Costs Compensation cost for restricted stock units, performance shares and performance units granted to employees is measured by the share price of the underlying Common Stock at the date of grant. Compensation cost for employee stock options is based on the fair values estimated on the grant date. Under the Omnibus Incentive Plan, the fair value of each stock option award is estimated using a binomial option pricing model on the date of grant for stock options issued to employees. For the awards related to the Assurance IQ acquisition, the fair value of each stock option award is based on its intrinsic value on the date of grant. There were no stock options granted in either 2022 or 2021. Expected volatility is based on historical volatility of Prudential Financial’s Common Stock and implied volatility from traded options on Prudential Financial’s Common Stock. The Company uses historical data and expectations of future exercise patterns to estimate option exercises and employee terminations within the valuation model. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods associated with the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The following table summarizes the compensation cost recognized and the related income tax benefit for stock options, restricted stock units, performance shares and performance units for the years ended December 31: 2022 2021 2020 Omnibus Incentive Plan: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 1 $ 0 $ 2 $ 0 $ 11 $ 3 Employee restricted stock units 189 44 178 41 162 38 Employee performance shares and performance units 18 4 88 20 53 12 Total $ 208 $ 48 $ 268 $ 61 $ 226 $ 53 __________ (1) Compensation costs related to retirement eligible participants are recorded on the grant date (typically in the first quarter of every year). 2022 2021 2020 Assurance IQ Acquisition: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 10 $ 2 $ 14 $ 3 $ 14 $ 4 Employee restricted stock units 2 1 2 0 2 1 Employee performance shares 0 0 0 0 0 0 Total $ 12 $ 3 $ 16 $ 3 $ 16 $ 5 Compensation costs related to stock-based compensation plans capitalized in deferred acquisition costs for the years ended December 31, 2022, 2021 and 2020 were de minimis. Stock Options Each stock option granted under the Omnibus Incentive Plan has an exercise price at the fair market value of Prudential Financial’s Common Stock on the date of grant and has a maximum term of 10 years. Generally, one third of the option grant vests in each of the first three years. Options granted related to the Assurance IQ acquisition have an exercise price based on the original strike price of the Assurance IQ options that they replaced and have a maximum term of 10 years from the date the Assurance IQ options were originally granted. Options granted related to the Assurance IQ acquisition generally vest quarterly over three years. A summary of the status of the Company’s stock option grants is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Shares Weighted Average Shares Weighted Average Outstanding at December 31, 2021 3,034,103 $ 87.54 211,462 $ 2.12 Granted 0 0.00 0 0.00 Exercised (814,771) 73.34 (143,640) 2.41 Forfeited (1,784) 95.79 (12,375) 1.29 Expired (11,179) 108.33 (1,679) 2.67 Outstanding at December 31, 2022 2,206,369 $ 92.67 53,768 $ 1.49 Exercisable at December 31, 2022 2,007,611 $ 92.35 27,753 $ 1.19 There were no stock options granted for the years 2022 or 2021. The weighted average grant date fair value of employee stock options granted under the Omnibus Incentive Plan during the year ended December 31, 2020 was $18.00. No Assurance IQ acquisition related options were granted in 2022, 2021 or 2020. The total intrinsic value (i.e., market price of the stock less the option exercise price) of employee stock options exercised during the years ended December 31, 2022, 2021 and 2020 was $33 million, $48 million, and $13 million, respectively. For the Assurance IQ acquisition related awards, the total intrinsic value of employee stock options exercised during the years ended December 31, 2022, 2021 and 2020 was $15 million, $15 million and $10 million, respectively. The weighted average remaining contractual term and the aggregate intrinsic value of stock options outstanding and exercisable as of December 31, 2022 is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Weighted Average Aggregate Weighted Average Aggregate (in years) (in millions) (in years) (in millions) Outstanding 3.88 years $ 21 5.91 years $ 5 Exercisable 3.64 years $ 20 5.84 years $ 3 Restricted Stock Units, Performance Share Awards and Performance Unit Awards A restricted stock unit is an unfunded, unsecured right to receive a share of Prudential Financial’s Common Stock at the end of a specified period of time, which is subject to forfeiture and transfer restrictions. Generally, the restrictions will lapse on the third anniversary of the date of grant. Performance shares and performance units are awards denominated in Prudential Financial’s Common Stock. The number of units is determined over the performance period and may be adjusted based on the satisfaction of certain performance goals for the Company. Performance share awards are payable in Prudential Financial’s Common Stock. Performance unit awards are payable in cash. Effective October 2019, the Company modified certain provisions of its long term compensation plan to settle the performance units component in Prudential Financial Common Stock. As a result, outstanding performance units were converted to performance shares except for certain employee directed deferrals in the deferred compensation plan which remain as performance units for the full life of the grant. Beginning in 2020, the Company no longer grants performance unit awards. A summary of the Company’s restricted stock units, performance shares and performance unit awards under the Omnibus Incentive Plan is as follows: Restricted Weighted Performance Weighted Restricted at December 31, 2021 5,803,389 $ 88.62 2,159,490 $ 88.46 Granted 1,908,925 119.71 606,171 121.29 Forfeited (257,871) 98.59 (20,381) 94.94 Performance adjustment (2) 0 0.00 (40,081) 90.75 Released (2,463,403) 89.68 (644,025) 90.50 Restricted at December 31, 2022 4,991,040 $ 99.48 2,061,174 $ 97.44 __________ (1) Performance share and performance unit awards reflect the target units awarded, reduced for forfeitures and releases to date. The actual number of units to be awarded at the end of each performance period will range between 0% and 150% of the target number of units granted, based upon a measure of the reported performance for the Company relative to stated goals. Performance awards granted to senior management in 2021 include a stated goal related to diversity & inclusion that can modify the performance result by +/- 10%. (2) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company. A summary of the Company’s restricted stock units and performance share awards related to the Assurance IQ acquisition is as follows: Restricted Weighted Performance Weighted Restricted at December 31, 2021 36,812 $ 87.67 1,327,936 $ 88.50 Granted 0 0.00 0 0.00 Forfeited (768) 87.67 (423,128) 88.10 Performance adjustment(2) 0 0.00 (904,808) 88.55 Released (17,008) 87.67 0 0.00 Restricted at December 31, 2022 19,036 $ 87.67 0 $ 0.00 __________ (1) Performance share awards related to the Assurance IQ acquisition reflect the maximum number of units that have been awarded under the terms of the acquisition. The actual number of units that will be awarded at the end of the performance period will range between 0% and 100% of the number of units granted, based upon a predetermined formula for achieving certain targets for gross revenues, net of associated selling expenses, between $900 million and $1,300 million. (2) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company. Performance share awards related to the Assurance IQ acquisition have been reduced to zero as they did not reach the predetermined targets noted above during the performance period, which ended on December 31, 2022. The fair market value of restricted stock units, performance shares and performance units released under the Omnibus Incentive Plan for the years ended December 31, 2022, 2021 and 2020 was $366 million, $155 million and $191 million, respectively. The fair market value of restricted stock units for the Assurance IQ acquisition related awards under the Omnibus Incentive Plan for the years ended December 31, 2022, 2021 and 2020 was $2 million, $3 million and $2 million. The weighted average grant date fair value for restricted stock units granted under the Omnibus Incentive Plan during the years ended December 31, 2022, 2021 and 2020 was $119.71, $81.82 and $93.88, respectively. The weighted average grant date fair value for performance shares and performance units granted under the Omnibus Incentive Plan during the years ended December 31, 2022, 2021 and 2020 was $121.29, $81.43 and $95.42, respectively. There were no restricted stock units granted for the Assurance IQ acquisition during the year ended December 31, 2022, 2021 and 2020. There were no performance shares granted for the Assurance IQ acquisition in 2022 or 2021. The weighted average grant date fair value for performance shares granted for the Assurance IQ acquisition during the year ended December 31, 2020 was $63.30. Unrecognized Compensation Cost Unrecognized compensation cost for stock options under the Omnibus Incentive Plan as of December 31, 2022 was less than $1 million with a weighted average recognition period of 0.12 years. Unrecognized compensation cost for restricted stock units, performance shares and performance units under the Omnibus Incentive Plan as of December 31, 2022 was $174 million with a weighted average recognition period of 1.83 years. Unrecognized compensation cost for stock options related to the Assurance IQ acquisition as of December 31, 2022 was $2.07 million with a weighted average recognition period of 0.90 years. Unrecognized compensation cost for restricted stock units and performance shares related to the Assurance IQ acquisition as of December 31, 2022 was $1.85 million with a weighted average recognition period of 1.21 years. Tax Benefits Realized The Company’s tax benefit realized for exercises of stock options under the Omnibus Incentive Plan during the years ended December 31, 2022, 2021 and 2020 was $8 million, $12 million and $3 million, respectively. The tax benefit realized for exercises of stock options related to the Assurance IQ acquisition during the years ended December 31, 2022, 2021 and 2020 was $4 million, $4 million and $3 million , respectively. The Company’s tax benefit realized upon vesting of restricted stock units, performance shares and performance units under the Omnibus Incentive Plan for the years ended December 31, 2022, 2021 and 2020 was $75 million, $30 million and $44 million, respectively. The tax benefit realized upon vesting of restricted stock units and performance shares related to the Assurance IQ acquisition during the years ended December 31, 2022, 2021 and 2020 was less than $1 million, $1 million and $1 million, respectively. Settlement of Awards

Segment Information

Segment Information	12 Months Ended
Segment Information	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Segments In October 2021, we announced the creation of Retirement Strategies, a new U.S. business that would serve the retirement needs of both our institutional and individual customers by bringing the institutional investment and pension solutions offered through our Retirement business together with the financial solutions and capabilities of our Individual Annuities business. Commencing with the second quarter of 2022, this new structure has been fully operationalized; therefore, the results of our former Retirement segment (now known as the “Institutional Retirement Strategies” operating segment) and our former Individual Annuities segment (now known as the “Individual Retirement Strategies” operating segment) have been aggregated into the Retirement Strategies segment. Prior periods have been updated to conform to this new presentation. The Company’s principal operations consist of PGIM (the Company’s global investment management business), the U.S. Businesses (consisting of the Retirement Strategies, Group Insurance, Individual Life and Assurance IQ businesses), the International Businesses, the Closed Block division, and the Company’s Corporate and Other operations. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included in Corporate and Other operations. Divested and Run-off Businesses consist of businesses that have been, or will be, sold or exited, including businesses that have been placed in wind-down status that do not qualify for “discontinued operations” accounting treatment under U.S. GAAP. The Company’s Corporate and Other operations include corporate items and initiatives that are not allocated to business segments as well as the Divested and Run-off Businesses described above. The PGIM segment provides investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies, to institutional and retail clients globally, as well as the Company’s general account. The U.S. Businesses offer a broad range of products and solutions that cover protection, retirement, savings, income and investment needs. The U.S. Businesses are organized into four segments: • The Retirement Strategies segment, including the Institutional and Individual Retirement Strategies businesses, respectively provides a broad range of retirement investment and income products and services to retirement plan sponsors in the public, private and not-for-profit sectors, and develops and distributes individual variable and fixed annuity products, primarily to the U.S. mass affluent and affluent markets. • The Group Insurance segment provides a full range of group life, long-term and short-term group disability, and group corporate-, bank- and trust-owned life insurance in the U.S. primarily to institutional clients for use in connection with employee and membership benefits plans. • The Individual Life segment develops and distributes variable life, universal life and term life insurance products primarily to the U.S. mass middle, mass affluent and affluent markets. • The Assurance IQ segment leverages data science and technology to primarily distribute third-party products (such as Medicare, life, health, and property and casualty products) and proprietary insurance products directly to retail shoppers, primarily through its digital and agent channels. Additionally, Assurance IQ may help customers fulfill financial wellness needs by matching them with other product providers or intermediaries. The International Businesses develops and distributes life insurance, retirement products and certain accident and health products with fixed benefits to mass affluent and affluent customers through our Life Planner operations in Japan, Brazil, Argentina and Mexico. Our Gibraltar Life and Other operations also provide similar products, as well as advisory and administration services to broad middle income and mass affluent customers across Japan, and through our joint ventures in Chile, China, India and Indonesia, and our strategic investments in Ghana, Kenya and South Africa through multiple distribution channels (including banks, independent agencies and Life Consultants). The Closed Block division includes certain in-force participating insurance and annuity products and corresponding assets that are used for the payment of benefits, expenses and policyholders’ dividends related to these products, as well as certain related assets and liabilities. In connection with demutualization, the Company ceased offering these participating products. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included in the Company’s Corporate and Other operations. See Note 15 for additional information regarding the Closed Block. Corporate and Other Operations consists primarily of: (1) capital that is not deployed in any business segment; (2) investments not allocated to business segments, including debt-financed investment portfolios, and tax credit and other tax-enhanced investments financed by business segments; (3) capital debt, including any related interest expense and financing costs, that is used or will be used to meet the capital requirements of the Company; (4) our qualified and non-qualified pension and other employee benefit plans, after allocations to business segments; (5) corporate-level activities, after allocations to business segments, including strategic expenditures, acquisition and disposition costs, corporate governance, corporate advertising, philanthropic activities, deferred compensation, and costs related to certain contingencies and legal matters; (6) expenses associated with the multi-year plan of programs that span across our businesses and the functional areas that support those businesses; (7) certain retained obligations relating to pre-demutualization policyholders; (8) impacts of risk management activities pursuant to our Risk Appetite Framework; (9) the foreign currency income hedging program used to hedge certain non-U.S. dollar denominated earnings in our International Businesses segment; (10) intercompany arrangements with our International Businesses and PGIM segments to translate certain non-U.S. dollar-denominated earnings at fixed currency exchange rates; and (11) transactions with and between other segments, including the elimination of intercompany transactions for consolidation purposes. Segment Accounting Policies. The accounting policies of the segments are the same as those described in Note 2. Results for each segment include earnings on attributed equity established at a level which management considers necessary to support each segment’s risks. Operating expenses specifically identifiable to a particular segment are allocated to that segment as incurred. Operating expenses not identifiable to a specific segment that are incurred in connection with the generation of segment revenues are generally allocated based upon the segment’s historical percentage of general and administrative expenses. For information related to significant acquisitions and dispositions, see Note 1. For information related to the adoption of new accounting pronouncements, see Note 2. The segments’ results in prior years have been revised for these items, as applicable, to conform to the current year presentation. Adjusted Operating Income The Company analyzes the operating performance of each segment using “adjusted operating income.” Adjusted operating income does not equate to “Income (loss) before income taxes and equity in earnings of operating joint ventures” or “Net income (loss)” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company’s chief operating decision maker to evaluate segment performance and allocate resources and, consistent with authoritative guidance, is the measure of segment performance presented below. Adjusted operating income is calculated by adjusting each segment’s “Income (loss) before income taxes and equity in earnings of operating joint ventures” for the following items, which are described in greater detail below: • Realized investment gains (losses), net, and related adjustments; • Charges related to realized investment gains (losses), net; • Market experience updates; • Divested and Run-off Businesses; • Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests; and • Other adjustments. These items are important to an understanding of overall results of operations. Adjusted operating income is not a substitute for income determined in accordance with U.S. GAAP, and the Company’s definition of adjusted operating income may differ from that used by other companies. The Company, however, believes that the presentation of adjusted operating income as measured for management purposes enhances the understanding of results of operations by highlighting the results from ongoing operations and the underlying profitability factors of its businesses. As discussed in Note 1, during 2022 the Company recorded out of period adjustments within the Individual Life business resulting in an aggregate net benefit of $125 million to “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” for the year ended December 31, 2022. These adjustments resulted in an aggregate $310 million benefit to the Company’s pre-tax adjusted operating income for the year ended December 31, 2022, reflected within the Individual Life segment. Realized investment gains (losses), net, and related adjustments Realized investment gains (losses), net Adjusted operating income excludes “Realized investment gains (losses), net,” except for certain items described below. Significant activity excluded from adjusted operating income includes impairments and credit-related gains (losses) from sales of securities, the timing of which depends largely on market credit cycles and can vary considerably across periods, and interest rate-related gains (losses) from sales of securities, which are largely subject to the Company’s discretion and influenced by market opportunities, as well as the Company’s tax and capital profile. Additionally, adjusted operating income excludes realized investment gains (losses) from products that contain embedded derivatives, and from associated derivative portfolios that are part of an asset/liability management program related to the risk of those products. The following table sets forth the significant components of “Realized investment gains (losses), net” that are included in adjusted operating income and, as a result, are reflected as adjustments to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2022 2021 2020 (in millions) Net gains (losses) from(1): Terminated hedges of foreign currency earnings $ 22 $ 33 $ 72 Current period yield adjustments $ 515 $ 526 $ 293 Principal source of earnings $ 245 $ 96 $ 57 __________ (1) In addition to the items in the table above, “Realized investment gains (losses), net, and related charges and adjustments” also includes an adjustment to reflect “Realized investment gains (losses), net” related to Divested and Run-off Businesses. See “Divested and Run-off Businesses” discussed below. Terminated Hedges of Foreign Currency Earnings. The amounts shown in the table above primarily reflect the impact of an intercompany arrangement between Corporate and Other operations and the International Businesses segment, pursuant to which the non-U.S. dollar-denominated earnings in all countries for a particular year, including its interim reporting periods, are translated at fixed currency exchange rates. The fixed rates are determined in connection with a currency hedging program designed to mitigate the risk that unfavorable rate changes will reduce the segment’s U.S. dollar-equivalent earnings. Pursuant to this program, the Company’s Corporate and Other operations may execute forward currency contracts with third-parties to sell the net exposure of projected earnings from the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these contracts correspond with the future periods in which the identified non-U.S. dollar-denominated earnings are expected to be generated. These contracts do not qualify for hedge accounting under U.S. GAAP, so the resulting profits or losses are recorded in “Realized investment gains (losses), net.” When the contracts are terminated in the same period that the expected earnings emerge, the resulting positive or negative cash flow effect is included in adjusted operating income. Current Period Yield Adjustments. The Company uses interest rate and currency swaps and other derivatives to manage interest and currency exchange rate exposures arising from mismatches between assets and liabilities, including duration mismatches. For derivative contracts that do not qualify for hedge accounting treatment, the periodic swap settlements, as well as certain other derivative related yield adjustments are recorded in “Realized investment gains (losses), net,” and are included in adjusted operating income to reflect the after-hedge yield of the underlying instruments. In certain instances, when these derivative contracts are terminated or offset before their final maturity, the resulting realized gains or losses are recognized in adjusted operating income over periods that generally approximate the expected terms of the derivatives or underlying instruments in order for adjusted operating income to reflect the after-hedge yield of the underlying instruments. Included in the amounts shown in the table above are gains (losses) on certain derivative contracts that were terminated or offset before their final maturity of $100 million, $66 million and $45 million for the years ended 2022, 2021 and 2020, respectively. As of December 31, 2022, there was a $1,112 million deferred net gain related to certain derivative contracts that were terminated or offset before their final maturity, primarily within the Individual Retirement Strategies business and International Businesses. Also included in the amounts shown in the table above are fees related to synthetic GICs of $113 million, $111 million and $113 million for the years ended 2022, 2021 and 2020, respectively. Synthetic GICs are accounted for as derivatives under U.S. GAAP and, therefore, these fees are recorded in “Realized investment gains (losses), net.” See Note 5 for additional information regarding synthetic GICs. Principal Source of Earnings. The Company conducts certain activities for which realized investment gains (losses) are a principal source of earnings for its businesses and are therefore included in adjusted operating income, particularly within the Company’s PGIM segment. For example, PGIM’s strategic investing business makes investments for sale or syndication to other investors or for placement or co-investment in the Company’s managed funds and structured products. The realized investment gains (losses) associated with the sale of these strategic investments, as well as the majority of derivative results, are a principal activity for this business and included in adjusted operating income. In addition, the realized investment gains (losses) associated with loans originated by the Company’s commercial mortgage operations, as well as related derivative results and retained mortgage servicing rights, are a principal activity for this business and are therefore included in adjusted operating income. Adjustments related to Realized investment gains (losses), net The following table sets forth certain other items excluded from adjusted operating income and reflected as an adjustment to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2022 2021 2020 (in millions) Net gains (losses) from: Investments carried at fair value through net income $ (1,562) $ (123) $ 149 Foreign currency exchange movements $ 49 $ 22 $ (14) Other activities $ (33) $ (33) $ (39) Investments carried at fair value through net income. The Company has certain investments in its general account portfolios that are carried at fair value with changes in fair value reported in “Other income (loss).” Examples include the Company’s investments in equity securities and fixed maturities designated as trading. Consistent with the exclusion of realized investment gains (losses) with respect to other investments managed on a consistent basis, the net gains or losses on these investments are excluded from adjusted operating income. Foreign Currency Exchange Movements. The Company has certain assets and liabilities for which, under U.S. GAAP, the changes in value, including those associated with changes in foreign currency exchange rates during the period, are recorded in “Other income (loss).” To the extent the foreign currency exposure on these assets and liabilities is economically hedged or considered part of the Company’s capital funding strategies for its international subsidiaries, the change in value included in “Other income (loss)” is excluded from adjusted operating income. The insurance liabilities are supported by investments denominated in corresponding currencies, including a significant portion designated as available-for-sale. While these non-yen denominated assets and liabilities are economically hedged, unrealized gains (losses) on available-for-sale investments, including those arising from foreign currency exchange rate movements, are recorded in AOCI under U.S. GAAP, while the non-yen denominated liabilities are remeasured for foreign currency exchange rate movements, with the related change in value recorded in earnings within “Other income (loss).” Due to this non-economic volatility that has been reflected in U.S. GAAP earnings, the change in value recorded within “Other income (loss)” is excluded from adjusted operating income. Other Activities. The Company excludes certain other items from adjusted operating income that are consistent with similar adjustments described above. Charges related to realized investment gains (losses), net Charges that relate to realized investment gains (losses) are also excluded from adjusted operating income, and include the following: • The portion of the amortization of DAC, VOBA, unearned revenue reserves and DSI for certain products that is related to net realized investment gains (losses). • Policyholder dividends and interest credited to policyholders’ account balances that relate to certain life policies that pass back certain realized investment gains (losses) to the policyholder, and reserves for future policy benefits for certain policies that are affected by net realized investment gains (losses). • Market value adjustments paid or received upon a contractholder’s surrender of certain of the Company’s annuity products as these amounts mitigate the net realized investment gains or losses incurred upon the disposition of the underlying invested assets. Market experience updates Market experience updates represent the immediate impacts from changes in current market conditions on estimates of profitability and the impact of those changes on DAC and other costs and reserves, primarily related to variable annuity and variable and universal life products. These amounts are excluded from adjusted operating income, which the Company believes enhances the understanding of underlying performance trends. Divested and Run-off Businesses The contribution to income (loss) of Divested and Run-off Businesses that have been or will be sold or exited, including businesses that have been placed in wind down, but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP, are excluded from adjusted operating income as the results of Divested and Run-off Businesses are not considered relevant to understanding the Company’s ongoing operating results. The Closed Block division is accounted for as a divested business because it consists primarily of certain participating insurance and annuity products that the Company ceased selling at demutualization in 2001. See Note 15 for additional information regarding the Closed Block. Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests Equity in earnings of operating joint ventures, on a pre-tax basis, are included in adjusted operating income as these results are a principal source of earnings. These earnings are reflected on a U.S. GAAP basis on an after-tax basis as a separate line on the Company’s Consolidated Statements of Operations. Earnings attributable to noncontrolling interests are excluded from adjusted operating income. Earnings attributable to noncontrolling interests represents the portion of earnings from consolidated entities that relates to the equity interests of minority investors, and are reflected on a U.S. GAAP basis as a separate line on the Company’s Consolidated Statements of Operations. Other adjustments Other adjustments represent all other adjustments that are excluded from adjusted operating income. These primarily include charges related to the impairment of goodwill, as well as certain components of the consideration for business acquisitions, which are recognized as compensation expense over the requisite service periods, and changes in the fair value of contingent consideration. Reconciliation of adjusted operating income and net income (loss) The table below reconciles adjusted operating income before income taxes to income before income taxes and equity in earnings of operating joint ventures: Year ended December 31, 2022 2021 2020 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 843 $ 1,643 $ 1,262 U.S. Businesses: Institutional Retirement Strategies 1,541 2,178 1,385 Individual Retirement Strategies 2,682 1,901 1,470 Retirement Strategies(1) 4,223 4,079 2,855 Group Insurance (16) (455) (16) Individual Life (1,215) 393 (48) Assurance IQ (113) (142) (88) Total U.S. Businesses 2,879 3,875 2,703 International Businesses 2,404 3,390 2,952 Corporate and Other (1,476) (1,607) (1,967) Total segment adjusted operating income before income taxes 4,650 7,301 4,950 Reconciling Items: Realized investment gains (losses), net, and related adjustments (5,670) 1,947 (4,140) Charges related to realized investment gains (losses), net (531) (320) (160) Market experience updates 781 750 (640) Divested and Run-off Businesses: Closed Block division (32) 140 (24) Other Divested and Run-off Businesses 9 716 (450) Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (44) (41) 90 Other adjustments(2) (939) (1,112) 51 Consolidated income (loss) before income taxes and equity in earnings of operating joint ventures $ (1,776) $ 9,381 $ (323) __________ (1) The Retirement Strategies segment’s results reflect DAC as if the business is a stand-alone operation. The elimination of intersegment costs capitalized in accordance with this policy is included in consolidating adjustments within Corporate and Other operations. (2) Includes goodwill impairments of $903 million and $1,060 million recorded in the fourth quarters of 2022 and 2021, respectively, related to Assurance IQ. See Note 2 and Note 10 for additional information. Reconciliation of select financial information The tables below present certain financial information for the Company’s segments and its Corporate and Other operations, including assets by segment and revenues, and benefits and expenses by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Consolidated Financial Statements. As of December 31, 2022 2021 (in millions) Assets by segment: PGIM $ 48,364 $ 53,566 U.S. Businesses: Institutional Retirement Strategies 108,723 114,016 Individual Retirement Strategies 128,888 201,273 Retirement Strategies(1) 237,611 315,289 Group Insurance 38,201 43,286 Individual Life 101,703 118,237 Assurance IQ 847 1,788 Total U.S. Businesses 378,362 478,600 International Businesses 185,555 222,736 Corporate and Other(1) 26,714 122,701 Closed Block division 50,922 59,979 Total assets per Consolidated Statements of Financial Position $ 689,917 $ 937,582 __________ (1) Certain assets are classified as “held-for-sale” as of December 31, 2021. See Note 1 for additional information. Year Ended December 31, 2022 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 3,622 $ 94 $ 2,779 $ 0 $ 0 $ 0 $ 57 $ 3 U.S. Businesses: Institutional Retirement Strategies 19,441 3,653 17,900 17,275 383 0 15 23 Individual Retirement Strategies 5,312 918 2,630 251 331 0 (55) 442 Retirement Strategies 24,753 4,571 20,530 17,526 714 0 (40) 465 Group Insurance 6,123 479 6,139 4,920 153 0 4 5 Individual Life 7,074 2,472 8,289 4,610 927 34 810 481 Assurance IQ 510 3 623 0 0 0 12 0 Total U.S. Businesses 38,460 7,525 35,581 27,056 1,794 34 786 951 International Businesses 20,074 4,966 17,670 13,067 741 47 35 1,276 Corporate and Other (465) 599 1,011 1 137 0 711 (45) Total revenues, and benefits and expenses on an adjusted operating income basis 61,691 13,184 57,041 40,124 2,672 81 1,589 2,185 Reconciling items: Realized investment gains (losses), net, and related adjustments (5,861) (23) (191) 0 (191) 0 0 0 Charges related to realized investment gains (losses), net (160) 0 371 289 120 0 0 183 Market experience updates 583 0 (198) (259) 28 0 0 37 Divested and Run-off Businesses: Closed Block division 2,957 1,976 2,989 2,436 121 115 9 19 Other Divested and Run-off Businesses 845 900 836 897 (434) 2 (2) 5 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (5) 0 39 0 0 0 0 0 Other adjustments 0 0 939 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 60,050 $ 16,037 $ 61,826 $ 43,487 $ 2,316 $ 198 $ 1,596 $ 2,429 Year Ended December 31, 2021 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 4,493 $ 157 $ 2,850 $ 0 $ 0 $ 0 $ 25 $ 6 U.S. Businesses: Institutional Retirement Strategies 15,298 3,921 13,120 12,525 348 0 14 22 Individual Retirement Strategies 4,914 925 3,013 281 359 0 18 559 Retirement Strategies 20,212 4,846 16,133 12,806 707 0 32 581 Group Insurance 6,217 538 6,672 5,482 171 0 3 5 Individual Life 6,897 2,550 6,504 3,219 871 35 752 395 Assurance IQ 558 2 700 0 0 0 11 0 Total U.S. Businesses 33,884 7,936 30,009 21,507 1,749 35 798 981 International Businesses 21,915 5,403 18,525 13,804 799 46 6 1,148 Corporate and Other (511) 664 1,096 (24) 135 0 645 (55) Total revenues, and benefits and expenses on an adjusted operating income basis 59,781 14,160 52,480 35,287 2,683 81 1,474 2,080 Reconciling items: Realized investment gains (losses), net, and related adjustments 2,313 (40) 366 0 366 0 0 0 Charges related to realized investment gains (losses), net (248) 0 72 (165) 84 0 0 153 Market experience updates 335 0 (415) (200) (45) 0 0 (163) Divested and Run-off Businesses: Closed Block division 5,947 2,500 5,807 2,557 124 2,794 0 21 Other Divested and Run-off Businesses 2,903 1,667 2,187 979 270 (1) 4 6 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (97) 0 (56) 0 0 0 0 0 Other adjustments 0 0 1,112 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 70,934 $ 18,287 $ 61,553 $ 38,458 $ 3,482 $ 2,874 $ 1,478 $ 2,097 Year Ended December 31, 2020 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 4,153 $ 304 $ 2,891 $ 0 $ 0 $ 0 $ 19 $ 8 U.S. Businesses: Institutional Retirement Strategies 10,051 3,446 8,666 8,009 410 0 20 16 Individual Retirement Strategies 4,440 898 2,970 337 337 0 59 524 Retirement Strategies 14,491 4,344 11,636 8,346 747 0 79 540 Group Insurance 5,786 526 5,802 4,664 206 0 3 8 Individual Life 6,398 2,314 6,446 3,170 848 36 769 367 Assurance IQ 391 2 479 0 0 0 5 0 Total U.S. Businesses 27,066 7,186 24,363 16,180 1,801 36 856 915 International Businesses 21,576 4,982 18,624 13,714 851 40 8 1,204 Corporate and Other (513) 660 1,454 30 129 0 668 (49) Total revenues, and benefits and expenses on an adjusted operating income basis 52,282 13,132 47,332 29,924 2,781 76 1,551 2,078 Reconciling items: Realized investment gains (losses), net, and related adjustments (4,072) (39) 68 0 68 0 0 0 Charges related to realized investment gains (losses), net (134) 0 26 0 (58) 0 0 (115) Market experience updates (196) 0 444 261 21 0 0 132 Divested and Run-off Businesses: Closed Block division 4,766 2,240 4,790 2,757 127 1,549 1 26 Other Divested and Run-off Businesses 4,420 2,077 4,870 2,117 1,599 0 8 100 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (138) 0 (228) 0 0 0 0 0 Other adjustments 105 0 54 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 57,033 $ 17,410 $ 57,356 $ 35,059 $ 4,538 $ 1,625 $ 1,560 $ 2,221 Revenues, calculated in accordance with U.S. GAAP, for the years ended December 31, include the following by geographic location that are 10 percent or more of the Company’s total consolidated revenue: 2022 2021 2020 (in millions) United States $ 38,849 $ 45,286 $ 30,803 Japan 15,682 18,852 20,028 Other countries 5,519 6,796 6,202 Total PFI consolidated revenue $ 60,050 $ 70,934 $ 57,033 Intersegment revenues Management has determined the intersegment revenues with reference to market rates. Intersegment revenues are eliminated in consolidation in Corporate and Other operations. The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, for the years ended December 31, as follows: 2022 2021 2020 (in millions) PGIM segment intersegment revenues $ 822 $ 939 $ 866 Segments may also enter into internal derivative contracts with other segments. For adjusted operating income, each segment accounts for the internal derivative results consistent with the manner in which that segment accounts for other similar external derivatives. Asset management and service fees The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: 2022 2021 2020 (in millions) Asset-based management fees $ 3,434 $ 4,111 $ 3,615 Performance-based incentive fees 84 147 193 Other fees 544 643 583 Total asset management and service fees $ 4,062 $ 4,901 $ 4,391

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
Commitments and Contingent Liabilities	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments and Guarantees Commercial Mortgage Loan Commitments December 31, 2022 2021 (in millions) Total outstanding mortgage loan commitments(1) $ 1,995 $ 2,300 Portion of commitment where prearrangement to sell to investor exists $ 582 $ 1,102 __________ (1) Includes commitments of $21 million related to held-for-sale operations as of December 31, 2021. See Note 1 for additional information. In connection with the Company’s commercial mortgage operations, it originates commercial mortgage loans. Commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. In certain of these transactions, the Company prearranges that it will sell the loan to an investor, including to government sponsored entities as discussed below, after the Company funds the loan. The above amount includes unfunded commitments that are not unconditionally cancellable. For related credit exposure, there was an allowance for credit losses of $1 million as of both December 31, 2022 and 2021. The change in allowance is $0 million for both the years ended December 31, 2022 and 2021. Commitments to Purchase Investments (excluding Commercial Mortgage Loans) December 31, 2022 2021 (in millions) Expected to be funded from the general account and other operations outside the separate accounts(1) $ 8,376 $ 10,347 Expected to be funded from separate accounts $ 183 $ 236 __________ (1) Includes commitments of $118 million related to held-for-sale operations as of December 31, 2021. See Note 1 for additional information. The Company has other commitments to purchase or fund investments, some of which are contingent upon events or circumstances not under the Company’s control, including those at the discretion of the Company’s counterparties. The Company anticipates a portion of these commitments will ultimately be funded from its separate accounts. The above amount includes unfunded commitments that are not unconditionally cancellable. There were no related charges for credit losses for either the years ended December 31, 2022 or 2021. Indemnification of Securities Lending and Securities Repurchase Transactions December 31, 2022 2021 (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,834 $ 6,499 Fair value of related collateral associated with above indemnifications(2) $ 5,985 $ 6,635 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) Includes $0 million and $30 million related to securities repurchase transactions as of December 31, 2022 and 2021, respectively. (2) Includes $0 million and $29 million related to securities repurchase transactions as of December 31, 2022 and 2021, respectively. In the normal course of business, the Company may facilitate securities lending or securities repurchase transactions on behalf of certain client accounts (collectively, “the accounts”). In certain of these arrangements, the Company has provided an indemnification to the accounts to hold them harmless against losses caused by counterparty (i.e., borrower) defaults associated with such transactions facilitated by the Company. In securities lending transactions, collateral is provided by the counterparty to the accounts at the inception of the transaction in an amount at least equal to 102% of the fair value of the loaned securities and the collateral is maintained daily to equal at least 102% of the fair value of the loaned securities. In securities repurchase transactions, collateral is provided by the counterparty to the accounts at the inception of the transaction in an amount at least equal to 95% of the fair value of the securities subject to repurchase and the collateral is maintained daily to equal at least 95% of the fair value of the securities subject to repurchase. The Company is only at risk if the counterparty to the transaction defaults and the value of the collateral held is less than the value of the securities loaned to, or subject to repurchase from, such counterparty. The Company believes the possibility of any payments under these indemnities is remote. Credit Derivatives Written As discussed further in Note 5, the Company writes credit derivatives under which the Company is obligated to pay the counterparty the referenced amount of the contract and receive in return the defaulted security or similar security. Guarantees of Asset Values December 31, 2022 2021 (in millions) Guaranteed value of third parties’ assets $ 84,338 $ 81,984 Fair value of collateral supporting these assets $ 77,693 $ 83,609 Asset (liability) associated with guarantee, carried at fair value $ 1 $ 1 Certain contracts underwritten by the Retirement Strategies segment include guarantees related to financial assets owned by the guaranteed party. These contracts are accounted for as derivatives and carried at fair value. The collateral supporting these guarantees is not reflected on the Consolidated Statements of Financial Position. Indemnification of Serviced Mortgage Loans December 31, 2022 2021 (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,972 $ 2,930 First-loss exposure portion of above $ 862 $ 854 Accrued liability associated with guarantees(1) $ 33 $ 41 __________ (1) As of December 31, 2022 and 2021, the accrued liability associated with guarantees includes an allowance for credit losses of $17 million and $20 million. The change in allowance is a reduction of $3 million and $0 million as of December 31, 2022 and 2021, respectively. As part of the commercial mortgage activities of the Company’s PGIM segment, the Company provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities, such as Fannie Mae and Freddie Mac. The Company has agreed to indemnify the government sponsored entities for a portion of the credit risk associated with certain of the mortgages it services through a delegated authority arrangement. Under these arrangements, the Company originates multi-family mortgages for sale to the government sponsored entities based on underwriting standards they specify, and makes payments to them for a specified percentage share of losses they incur on certain loans serviced by the Company. The Company’s percentage share of losses incurred generally varies from 4% to 20% of the loan balance, and is typically based on a first-loss exposure for a stated percentage of the loan balance, plus a shared exposure with the government sponsored entity for any losses in excess of the stated first-loss percentage, subject to a contractually specified maximum percentage. The Company determines the liability related to this exposure using historical loss experience, and the size and remaining life of the asset. The Company serviced $23,937 million and $22,963 million of mortgages subject to these loss-sharing arrangements as of December 31, 2022 and 2021, respectively, all of which are collateralized by first priority liens on the underlying multi-family residential properties. As of December 31, 2022, these mortgages had a weighted-average debt service coverage ratio of 1.92 times and a weighted-average loan-to-value ratio of 61%. As of December 31, 2021, these mortgages had a weighted-average debt service coverage ratio of 1.93 times and a weighted-average loan-to-value ratio of 63%. The Company had no losses related to indemnifications that were settled for the year ended December 31, 2022 and $2 million of losses for the year ended December 31, 2021. Other Guarantees December 31, 2022 2021 (in millions) Other guarantees where amount can be determined $ 57 $ 47 Accrued liability for other guarantees and indemnifications $ 33 $ 34 The Company is also subject to other financial guarantees and indemnity arrangements. The Company has provided indemnities and guarantees related to acquisitions, dispositions, investments and other transactions that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. These obligations are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or applicable. Since certain of these obligations are not subject to limitations, it is not possible to determine the maximum potential amount due under these guarantees. The accrued liability identified above relates to the sale of POT and represents a financial guarantee of certain insurance obligations of POT. See Note 1 for additional information regarding this sale. Insolvency Assessments Most of the jurisdictions in which the Company is admitted to transact business require insurers doing business within the jurisdiction to participate in guarantee associations, which are organized to pay contractual benefits owed pursuant to insurance policies issued by impaired, insolvent or failed insurers. These associations levy assessments, up to prescribed limits, on all member insurers in a particular state on the basis of the proportionate share of the premiums written by member insurers in the lines of business in which the impaired, insolvent or failed insurer engaged. Some states permit member insurers to recover assessments paid through full or partial premium tax offsets. In addition, Japan has established the Japan Policyholders Protection Corporation as a contingency to protect policyholders against the insolvency of life insurance companies in Japan through assessments to companies licensed to provide life insurance. Assets and liabilities held for insolvency assessments were as follows: December 31, 2022 2021 (in millions) Other assets: Premium tax offset for future undiscounted assessments $ 37 $ 40 Premium tax offset currently available for paid assessments 2 2 Total $ 39 $ 42 Other liabilities: Insolvency assessments $ 29 $ 35 Assurance IQ Contingent Consideration Liability In October 2019, the Company completed its acquisition of Assurance IQ, t he terms of which included $100 million of contingent consideration that covered the period from January 1, 2020 through December 31, 2022. The contingent consideration liability is reported at fair value, which is determined based on the present value of expected payments under the arrangement, using an internally-developed option pricing model based on a number of assumptions, including certain unobservable assumptions discounted at an estimated market interest rate. The fair value of the liability is updated each reporting period, with changes in fair value reported within “Other income.” The fair value of the contingent consideration liability was zero as of both December 31, 2022 and 2021. Contingent Liabilities On an ongoing basis, the Company and its regulators review its operations including, but not limited to, sales and other customer interface procedures and practices, and procedures for meeting obligations to its customers and other parties. These reviews may result in the modification or enhancement of processes or the imposition of other action plans, including concerning management oversight, sales and other customer interface procedures and practices, and the timing or computation of payments to customers and other parties. In certain cases, if appropriate, the Company may offer customers or other parties remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines. The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. It is possible that the results of operations or the cash flow of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flow for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to legal and regulatory actions in the ordinary course of its businesses. Pending legal and regulatory actions include proceedings relating to aspects of the Company’s businesses and operations that are specific to it and proceedings that are typical of the businesses in which it operates, including in both cases businesses that have been either divested or placed in wind-down status. Some of these proceedings have been brought on behalf of various alleged classes of complainants. In certain of these matters, the plaintiffs are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established but the matter, if potentially material, is disclosed, including matters discussed below. The Company estimates that as of December 31, 2022, the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $250 million. Any estimate is not an indication of expected loss, if any, or the Company’s maximum possible loss exposure on such matters. The Company reviews relevant information with respect to its litigation and regulatory matters on a quarterly and annual basis and updates its accruals, disclosures and estimates of reasonably possible loss based on such reviews. Labor and Employment Matters Prudential of Brazil Labor and Employment Matters Prudential of Brazil (“POB”) sells insurance products to consumers through life planner franchisees (“Life Planners”), who are engaged as independent life insurance brokers and not as employees. When a Life Planner’s contractual relationship with POB is terminated, in many cases the Life Planner commences a labor suit against POB alleging entitlement to employment related benefits. POB is a defendant in numerous such lawsuits in Brazil brought by former Life Planners and has been subject to regulatory actions challenging the validity of POB’s franchise model. POB has continued to receive additional labor suits and regulatory actions involving the operation of its franchise model notwithstanding steps that POB has taken to attempt to mitigate the labor risk by modifying its franchise model. POB continues to modify its franchise model to further mitigate this risk. Individual Annuities, Individual Life and Group Insurance Moreland, Socorro v. PICA, et al. In June 2020, a putative class action complaint entitled Socorro Moreland v. The Prudential Insurance Company of America; Pruco Life Insurance Company , was filed in the United States District Court for the Northern District of California, alleging that the Company failed to comply with California laws requiring that life insurance policies issued and delivered in California: (i) provide for a 60-day grace period pre-lapse during which a policy must stay in force; (ii) provide a 30-day written notice of pending lapse; and (iii) notify policyowners of their right to designate additional recipients for lapse notices. The complaint asserts claims for violation of California law, breach of contract, unfair competition, and bad faith violation of the implied covenant of good faith and fair dealing, and seeks unspecified damages, declaratory and injunctive relief. In August 2020, defendants filed an answer to the complaint and a motion to stay the action pending the California Supreme Court’s decision, in McHugh v. Protective Life Insurance , on the question of whether the California lapse statutes apply to policies that were in force when the statutes went into effect on January 1, 2013, or solely to policies issued after that date. The Moreland court granted defendants’ motion to stay in October 2020. Subsequently, in August 2021, the California Supreme Court in McHugh determined that the California lapse statutes apply to policies that were in force as of January 1, 2013. In October 2021, the Moreland court lifted the stay order. In December 2022, plaintiff filed a motion for class certification. Escheatment Litigation Total Asset Recovery Services, LLC v. MetLife, Inc., et al., Prudential Financial, Inc., The Prudential Insurance Company of America, and Prudential Insurance Agency, LLC In December 2017, Total Asset Recovery Services, LLC, on behalf of the State of New York, filed a Second Amended Complaint in the Supreme Court of the State of New York, County of New York, against, among other 19 defendants, Prudential Financial, Inc., The Prudential Insurance Company of America and Prudential Insurance Agency, LLC, alleging that the Company failed to escheat life insurance proceeds in violation of the New York False Claims Act. The second amended complaint seeks injunctive relief, compensatory damages, civil penalties, treble damages, prejudgment interest, attorneys’ fees and costs. In May 2018, defendants filed a motion to dismiss the Second Amended Complaint. In April 2019, defendants’ motion to dismiss the Second Amended Complaint was granted and plaintiff subsequently filed a Notice of Appeal with the New York State Supreme Court, First Department. In December 2020, the New York Supreme Court, First Department, reversed and vacated the judgment of the trial court and granted leave to plaintiff to file a third amended complaint. In March 2021, the plaintiff filed a third amended complaint asserting claims against all defendants for violation of the New York False Claims Act, and seeking injunctive relief, compensatory and treble damages, attorneys’ fees and costs. In January 2023, the plaintiff filed a Fourth Amended Complaint. Securities Litigation City of Warren v. PFI, et al. In November 2019, a putative class action complaint entitled City of Warren Police and Fire Retirement System v. Prudential Financial, Inc., Charles F. Lowrey and Kenneth Y. Tanji , was filed in the United States District Court for the District of New Jersey. The complaint asserts claims for federal securities law violations against PFI, and Charles Lowrey, PFI’s chief executive officer, and Kenneth Tanji, PFI’s chief financial officer, individually, and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; and (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience. The putative class includes all purchasers of PFI common stock between February 15, 2019 and August 2, 2019. In March 2020, the court issued an order consolidating this action with Donald P. Crawford v. PFI, et al. under the caption In re Prudential Financial, Inc. Securities Litigation . In June 2020, plaintiffs filed an amended complaint and added Robert M. Falzon, PFI’s vice chairman, as an individual defendant. In August 2020, the Company filed a motion to dismiss the amended complaint. In December 2020, the court issued an order granting defendants’ motion to dismiss the amended complaint with prejudice and plaintiff subsequently filed, in January 2021, a Notice of Appeal to the United States Court of Appeals for the Third Circuit. Donel Davidson v. Charles F. Lowrey, et al. In September 2020, a shareholder derivative complaint entitled Pekin Police Pension Fund, Derivatively on Behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al ., was filed in the United States District Court for the District of New Jersey (the “Derivative Complaint”) against PFI as a “nominal” defendant, PFI’s chairman and chief executive officer, vice chairman, chief financial officer, certain former officers of PFI, and all of the current outside directors of PFI’s Board. The Derivative Complaint asserts claims for federal securities law violations, breach of fiduciary duty, waste of corporate assets, and unjust enrichment, and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience; and (iv) the individual defendants breached their duty of care and loyalty to the Company by allowing the alleged improper activity. In December 2020, the Court issued an order substituting Donel Davidson for Pekin Police Pension Fund as the named plaintiff. In March 2021, the court issued an order consolidating this action with Robert Lalor, Derivatively on behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al . under the caption In re Prudential Financial, Inc. Derivative Litigation . In May 2021, the Company filed a motion to dismiss the complaint. Daniel Plaut v. Prudential Financial, Inc. In October 2020, a shareholder derivative complaint entitled Daniel Plaut, Derivatively on Behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al ., was filed in the Superior Court of New Jersey, Law Division, Essex County (the “Derivative Complaint”) against PFI as a “nominal” defendant, PFI’s chairman and chief executive officer, vice chairman, and all of the current outside directors of PFI’s Board. The Derivative Complaint asserts claims for breach of fiduciary duty, unjust enrichment, and abuse of control and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience; and (iv) the individual defendants engaged in corporate misconduct, mismanagement and waste through their participation in the alleged wrongdoing. Shareholder Demands In January 2020, the Board of Directors received a shareholder demand letter containing allegations: (i) of wrongdoing similar to those alleged in the City of Warren and Crawford complaints; and (ii) that certain of the Company’s current and former directors and executive officers breached their fiduciary duties of loyalty, due care and candor. The demand letter requests that the Board of Directors investigate and commence legal proceedings against the named individuals to recover for the Company’s benefit the damages purportedly sustained by the Company as a result of the alleged breaches. In February 2020, the Board of Directors authorized the creation of a special committee to investigate the allegations set forth in the shareholder demand letter. In April 2020, the Company received additional shareholder demands raising allegations similar to those contained in the January 2020 demand, and may be subject prospectively to additional activity relating to these matters. In January 2021, the special committee completed its investigation, and in February 2021, the Board provided notice rejecting the shareholder demands and dissolved the special committee. Assurance IQ, LLC The Company has received a civil investigative demand and other inquiries related to the appropriateness of Assurance IQ’s supplemental health product sales and marketing activity. The Company is cooperating with regulators and may become subject to additional regulatory inquiries and other investigations and actions related to this matter. William James Griffin, et al. v. Benefytt Technologies, Inc., et al. and Assurance IQ, LLC In February 2021, an amended putative class action complaint entitled William James Griffin, et al. v. Benefytt Technologies, Inc. (f/k/a Health Insurance Innovations, Inc.), Health Plan Intermediaries Holdings, Inc. and Assurance IQ, LLC , was filed in the United States District Court for the Southern District of Florida, alleging that the defendants violated the Racketeering Influenced and Corrupt Organizations Act, and engaged in a conspiracy to defraud customers through the sale of limited indemnity and short term health insurance products to individuals seeking comprehensive medical insurance. The complaint seeks unspecified treble damages, declaratory and injunctive relief. In June 2021, the Company filed a motion to dismiss the amended complaint. In March 2022, the court issued an order granting Assurance IQ, LLC’s motion to dismiss the claims for declaratory and injunctive relief and denying the motion to dismiss as to the remaining claims. In May 2022, plaintiffs filed a second amended complaint narrowing the scope of the putative plaintiff class, and the Company filed its answer. In January 2023, plaintiffs filed a motion for class certification, and in February 2023, plaintiffs filed a third amended complaint. Other Matters Cho v. PICA, et al. In November 2019, a putative class action complaint entitled Cho v. The Prudential Insurance Company of America, et. al., was filed in the United States District Court for the District of New Jersey. The Complaint purports to be brought on behalf of participants in the Prudential Employee Savings Plan (the “Plan”) and (i) alleges that defendants failed to fulfill their fiduciary obligations under the Employee Retirement Income Security Act of 1974, in the administration, management and operation of the Plan, including engaging in prohibited transactions; and (ii) seeks declaratory, injunctive and equitable relief, and unspecified damages including interest, attorneys’ fees and costs. In January 2020, defendants filed a motion to dismiss the complaint. In September 2020, plaintiff filed an amended complaint and added as individual defendants certain PFI officers and current and former members of the Company’s Administrative Committee and Investment Oversight Committee. In December 2020, defendants filed a motion to dismiss the amended complaint. In September 2021, the court granted defendants’ motion to dismiss the amended complaint without prejudice. In October 2021, plaintiff filed a second amended complaint asserting claims against defendants under the Employee Retirement Income Security Act of 1974 for breach of fiduciary duty, prohibited transactions and failure to monitor fiduciaries. The second amended complaint seeks declaratory, injunctive and equitable relief, unspecified damages, attorneys’ fees and costs. In December 2021, defendants filed a motion to dismiss the second amended complaint. In August 2022, the court: (i) dismissed, with prejudice, the breach of the fiduciary duty of loyalty and prohibited transaction claims based on the inclusion of Prudential-affiliated funds in the Plan’s investment options; (ii) dismissed, without prejudice, the breach of fiduciary duty claims based on certain alleged underperforming Plan funds; and (iii) denied the motion to dismiss plaintiffs’ claims for breach of the fiduciary duties of prudence and to monitor other fiduciaries, based on alleged delays in removing other alleged underperforming funds. In September 2022, plaintiff filed a third amended complaint asserting claims for breach of duty of prudence and to monitor fiduciaries, and in October 2022, defendants filed their answer to the third amended complaint. LIBOR Litigation Prudential Investment Portfolios 2, f/k/a Dryden Core Investment Fund, o/b/o Prudential Core Short-Term Bond Fund and Prudential Core Taxable Money Market Fund v. Bank of America Corporation, et al. In May 2014, Prudential Investment Portfolios 2, on behalf of the Prudential Core Short-Term Bond Fund and the Prudential Core Taxable Money Market Fund (the “Funds”), filed an action against ten banks in the United States District Court for the District of New Jersey asserting that the banks participated in the setting of LIBOR, a major benchmark interest rate. The complaint alleges that the defendant banks manipulated LIBOR, and asserts, among other things, claims for common law fraud, negligent misrepresentation, breach of contract, intentional interference with contract and with prospective economic relations, unjust enrichment, breaches of the New Jersey Civil RICO (“Racketeer Influenced and Corrupt Organizations Act”) statute, and violations of the Sherman Act. In June 2014, the United States Judicial Panel on Multidistrict Litigation transferred the action to the United States District Court for the Southern District of New York, where it has been consolidated for pre-trial purposes with other pending LIBOR-related actions. In October 2014, the Funds filed an amended complaint. In November 2014, the defendants filed a motion to dismiss the amended complaint. In August 2015, the court issued a decision granting in part, and denying in part, defendants' motions to dismiss. The court dismissed certain of the Funds' claims, including those alleging fraud based on offering material statements; New Jersey RICO; and express breach of contract. The court upheld certain of the Funds' claims, including those alleging fraud based on false LIBOR submissions to the British Bankers’ Association; negligent misrepresentation; unjust enrichment; and breach of the implied covenant of good faith and fair dealing. Following the August 2015 decision, granting in part defendants' motions to dismiss, in September 2015, Prudential filed the following LIBOR complaints: (i) in the Southern District of New York, captioned Prudential Investment Portfolios 2 et al. v. Barclays Bank PLC, et al. (the “New York Complaint”), naming as defendants Barclays Bank PLC, Barclays Capital Inc., Barclays PLC, Citibank, N.A., Citigroup Funding Inc., Credit Suisse AG, Credit Suisse Group AG, Credit Suisse (USA) Inc., Deutsche Bank AG, HSBC Bank plc, HSBC Holdings PLC, JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., Royal Bank of Canada, and The Royal Bank of Scotland PLC. These defendants were dismissed from the original LIBOR action on jurisdictional grounds. The New York complaint reasserts the causes of action brought in the original LIBOR action; and (ii) in the Western district of North Carolina, captioned Prudential Investment Portfolios 2 et al. v. Bank of America Corporation et al . (the “North Carolina Complaint”), naming as defendants Bank of America Corporation and Bank of America, N.A. These defendants were dismissed from the original LIBOR action on jurisdictional grounds. The North Carolina Complaint reasserts the causes of action brought in the original LIBOR action. Both the New York Complaint and the North Carolina Complaint have been transferred for pre-trial purposes to the LIBOR multi-district litigation presided over by Judge Buchwald in the U.S. District Court for the Southern District of New York. In May 2016, the Second Circuit Court of Appeals vacated the district court’s dismissal of the LIBOR plaintiffs’ antitrust claims and remanded to the district court the question of whether plaintiffs possess standing as “efficient enforcers” of applicable antitrust laws. In July 2016, defendants filed a joint motion to dismiss all antitrust claims based on lack of standing and lack of personal jurisdiction. In December 2016, the motion was granted in part and denied in part. In January 2017, the United States Supreme Court denied defendants’ petition for certiorari. In February 2017, the court clarified its December 2016 order, holding that antitrust claims only exist against panel banks, not their affiliates. This clarification resulted in the Funds’ New Jersey antitrust claims being dismissed for lack of personal jurisdiction. The Funds antitrust claims in the New York and North Carolina actions remain pending. In July 2017, the Funds

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Common Stock Dividend On February 7, 2023, Prudential Financial’s Board of Directors declared a cash dividend of $1.25 per share of Common Stock, payable on March 16, 2023 to shareholders of record as of February 21, 2023. Share Repurchase Authorization On February 7, 2023, Prudential Financial’s Board of Directors authorized the Company to repurchase, at management’s discretion, up to $1.0 billion of its outstanding Common Stock during the period from January 1, 2023 through December 31, 2023. The timing and amount of any share repurchases under the Company’s share repurchase authorization will be determined by management based on market conditions and other considerations, and such repurchases may be executed in the open market, through derivative, accelerated repurchase and other negotiated transactions and through plans designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended.

Schedule I - Summary of Investm

Schedule I - Summary of Investments Other Than investments in Related Parties Schedule I - Summary of Investments Other Than Investments In Related Parties	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Schedule I - Summary of Investments Other Than Investments In Related Parties	PRUDENTIAL FINANCIAL, INC. Schedule I Summary of Investments Other Than Investments in Related Parties As of December 31, 2022 (in millions) Type of Investment Amortized Cost or Cost(1) Fair Amount Fixed maturities, available-for-sale: Bonds: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 29,372 $ 26,069 $ 26,069 Obligations of U.S. states and their political subdivisions 10,179 9,689 9,689 Foreign governments 74,103 73,226 73,226 Asset-backed securities 12,972 12,851 12,851 Residential mortgage-backed securities 2,613 2,417 2,417 Commercial mortgage-backed securities 11,497 10,655 10,655 Public utilities 29,397 25,960 25,960 All other corporate bonds 164,967 146,502 146,502 Redeemable preferred stock 347 350 350 Total fixed maturities, available-for-sale $ 335,447 $ 307,719 $ 307,719 Fixed maturities, held-to-maturity: Bonds: Foreign governments $ 725 $ 853 $ 725 Residential mortgage-backed securities 143 148 143 All other corporate bonds 430 454 428 Total fixed maturities, held-to-maturity $ 1,298 $ 1,455 $ 1,296 Equity securities: Common stocks: Other common stocks $ 3,893 $ 5,284 $ 5,284 Mutual funds 1,193 1,612 1,612 Nonredeemable preferred stocks 44 79 79 Perpetual preferred stocks 176 175 175 Total equity securities, at fair value $ 5,306 $ 7,150 $ 7,150 Fixed maturities, trading $ 7,303 $ 5,951 $ 5,951 Assets supporting experience-rated contractholder liabilities 2,612 2,844 Commercial mortgage and other loans(2) 56,745 56,745 Policy loans 10,046 10,046 Short-term investments 4,591 4,591 Other invested assets 21,099 21,099 Total investments $ 444,447 $ 417,441 __________ (1) See Note 3 to the Consolidated Financial Statements for the composition of the Company’s “Assets supporting experience-rated contractholder liabilities, at fair value.” (2) Includes collateralized commercial mortgage and other loans of $56,284 million and uncollateralized loans of $461 million.

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Registrant	12 Months Ended
Schedule II - Condensed Financial Information of Registrant	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant	PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Financial Positions as of December 31, 2022 and 2021 (in millions) 2022 2021 ASSETS Investment contracts from subsidiaries $ 0 $ 1 Fixed maturities, available for sale, at fair value (amortized cost: 2022- $1,719; 2021- $1,052) 1,564 1,072 Equity securities, at fair value (cost: 2022- $25; 2021- $25) 25 25 Other invested assets 2,495 1,958 Total investments 4,084 3,056 Cash and cash equivalents 1,396 1,251 Due from subsidiaries 2,841 3,458 Loans receivable from subsidiaries 8,032 7,876 Investment in subsidiaries 27,047 73,097 Property, plant and equipment 413 428 Income taxes receivable 0 178 Other assets 116 112 TOTAL ASSETS $ 43,929 $ 89,456 LIABILITIES AND EQUITY LIABILITIES Due to subsidiaries $ 3,705 $ 3,899 Loans payable to subsidiaries 4,279 5,396 Short-term debt 25 25 Long-term debt 19,162 17,673 Income taxes payable 71 0 Other liabilities 437 587 Total liabilities 27,679 27,580 EQUITY Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued) 0 0 Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of December 31, 2022 and December 31, 2021) 6 6 Additional paid-in capital 25,747 25,732 Common Stock held in treasury, at cost (300,342,458 and 290,018,851 shares as of December 31, 2022 and 2021, respectively) (23,068) (21,838) Accumulated other comprehensive income (loss) (19,827) 21,324 Retained earnings 33,392 36,652 Total equity 16,250 61,876 TOTAL LIABILITIES AND EQUITY $ 43,929 $ 89,456 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Operations for the Years Ended December 31, 2022, 2021 and 2020 (in millions) 2022 2021 2020 REVENUES Net investment income $ 177 $ 62 $ 97 Realized investment gains (losses), net 128 90 (262) Affiliated interest revenue 387 358 345 Other income (loss) 27 18 110 Total revenues 719 528 290 EXPENSES General and administrative expenses 71 166 273 Interest expense 1,161 1,088 1,157 Total expenses 1,232 1,254 1,430 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES (513) (726) (1,140) Total income tax expense (benefit) (134) (130) (357) INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES (379) (596) (783) Equity in earnings of subsidiaries (1,059) 8,320 409 NET INCOME (LOSS) $ (1,438) $ 7,724 $ (374) Other Comprehensive Income (loss) (41,151) (9,414) 6,699 TOTAL COMPREHENSIVE INCOME (LOSS) $ (42,589) $ (1,690) $ 6,325 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Cash Flows for the Years Ended December 31, 2022, 2021 and 2020 (in millions) 2022 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (1,438) $ 7,724 $ (374) Adjustments to reconcile net income to cash provided by operating activities: Equity in earnings of subsidiaries 1,059 (8,320) (409) Realized investment (gains) losses, net (128) (90) 262 Dividends received from subsidiaries 3,967 3,239 4,042 Property, plant and equipment (8) (4) (1) Change in: Due to/from subsidiaries, net 681 (513) 649 Other, operating 39 63 359 Cash flows from (used in) operating activities 4,172 2,099 4,528 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from the sale/maturity of: Fixed maturities, available-for-sale 76 969 412 Short-term investments 23,529 15,718 18,489 Payments for the purchase of: Fixed maturities, available for sale (744) (500) (298) Short-term investments (24,080) (13,795) (20,039) Capital contributions to subsidiaries (2,527) (874) (386) Returns of capital contributions from subsidiaries 2,098 430 813 Loans to subsidiaries, net of maturities (157) 151 (876) Other, investing 0 7 0 Cash flows from (used in) investing activities (1,805) 2,106 (1,885) CASH FLOWS FROM FINANCING ACTIVITIES Cash dividends paid on Common Stock (1,817) (1,814) (1,766) Common Stock acquired (1,488) (2,500) (500) Common Stock reissued for exercise of stock options 163 200 153 Proceeds from the issuance of debt (maturities longer than 90 days) 2,474 — 2,768 Repayments of debt (maturities longer than 90 days) (1,005) (1,308) (2,467) Repayments of loans from subsidiaries (1,811) 151 (1,023) Proceeds from loans payable to subsidiaries 1,386 1,411 166 Net change in financing arrangements (maturities of 90 days or less) (2) 0 — Other, financing (122) (156) (74) Cash flows from (used in) financing activities (2,222) (4,016) (2,743) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 145 189 (100) CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 1,251 1,062 1,162 CASH AND CASH EQUIVALENTS, END OF YEAR $ 1,396 $ 1,251 $ 1,062 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid during the period for interest $ 1,071 $ 1,050 $ 1,088 Cash paid (refunds received) during the period for taxes $ (231) $ (330) $ (482) NON-CASH TRANSACTIONS DURING THE YEAR Non-cash capital contributions to subsidiaries $ (620) $ (3,607) $ (1) Non-cash dividends/returns of capital from subsidiaries $ 501 $ 4,582 $ 470 Treasury Stock shares issued for stock-based compensation programs $ 235 $ 138 $ 151 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Notes to Condensed Financial Information of Registrant 2. OTHER INVESTMENTS Prudential Financial’s other investments as of December 31, 2022 and 2021 consisted primarily of highly liquid debt investments and intercompany enterprise liquidity account funds. 3. DEBT A summary of Prudential Financial’s short- and long-term debt is as follows: December 31, Maturity Rate(1) 2022 2021 ($ in millions) Short-term debt: Commercial paper(2) $ 25 $ 25 Current portion of long-term debt 0 0 Total short-term debt $ 25 $ 25 Long-term debt: Fixed rate senior notes 2026-2051 1.50%-6.63% $ 10,115 $ 10,109 Junior subordinated notes 2043-2062 3.70%-6.00% 9,047 7,564 Total long-term debt $ 19,162 $ 17,673 __________ (1) Ranges of interest rates are for the year ended December 31, 2022. (2) The weighted average interest rate on outstanding commercial paper was 4.35% and 0.12% at December 31, 2022 and December 31, 2021, respectively. Long-term Debt In order to manage exposure to interest rate movements, Prudential Financial utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issuances. The impact of these derivative instruments is not reflected in the rates presented in the table above. Interest expense was $0.0 million for both the years ended December 31, 2022 and 2021, as there were no such derivatives that qualified for hedge accounting treatment. Interest expense for these derivatives was $0.4 million for the year ended December 31, 2020. Schedule of Long-term Debt Maturities The following table presents Prudential Financial’s contractual maturities for long-term debt as of December 31, 2022: Calendar Year 2024 2025 2026 2027 2028 and thereafter Total (in millions) Long-term debt $ 0 $ 0 $ 500 $ 0 $ 18,662 $ 19,162 5. COMMITMENTS AND GUARANTEES Prudential Financial has issued a subordinated guarantee covering a subsidiary’s domestic commercial paper program. As of December 31, 2022, there was $420 million outstanding under this commercial paper program. Prudential Financial has provided guarantees of the payment of principal and interest on intercompany loans between affiliates. As of December 31, 2022, Prudential Financial had issued guarantees of outstanding loans totaling $4.1 billion between international insurance subsidiaries and other affiliates. In 2013, Prudential Financial entered into a $500 million indemnity and guarantee agreement with Wells Fargo Bank Northwest, N.A. Under this agreement, Prudential Financial guaranteed obligations with respect to an affiliated loan from PICA to an affiliate. The loan proceeds were utilized to construct the Prudential Tower home office in Newark, New Jersey.

Schedule III - Supplementary In

Schedule III - Supplementary Insurance Information	12 Months Ended
Schedule III - Supplementary Insurance Information	Dec. 31, 2022
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Schedule III - Supplementary Insurance Information	PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2022 (in millions) Segment Deferred Future Unearned Other Policy Premiums, Net Benefits, Amortization Other PGIM $ 0 $ 0 $ 0 $ 0 $ 0 $ 94 $ 0 $ 3 $ 2,791 U.S. Businesses: Institutional Retirement Strategies 74 76,741 0 17,188 15,397 3,643 17,674 16 217 Individual Retirement Strategies 3,875 6,696 0 22,178 1,821 924 776 795 1,610 Retirement Strategies 3,949 83,437 0 39,366 17,218 4,567 18,450 811 1,827 Group Insurance 143 5,437 249 5,875 5,564 482 5,073 5 1,061 Individual Life 7,819 20,038 0 30,710 3,625 2,466 5,545 399 2,008 Assurance IQ 0 0 0 0 0 3 0 0 1,540 Total U.S. Businesses 11,911 108,912 249 75,951 26,407 7,518 29,068 1,215 6,436 International Businesses 7,800 121,068 77 46,896 14,987 4,970 13,664 1,255 2,539 Corporate and Other (343) 9,712 1 8,225 500 1,479 597 (63) 1,332 Total PFI excluding Closed Block division 19,368 239,692 327 131,072 41,894 14,061 43,329 2,410 13,098 Closed Block division 169 44,433 0 5,224 1,699 1,976 2,672 19 298 Total $ 19,537 $ 284,125 $ 327 $ 136,296 $ 43,593 $ 16,037 $ 46,001 $ 2,429 $ 13,396 PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2021 (in millions) Segment Deferred Future Unearned Other Policy Premiums, Net Benefits, Amortization of Other PGIM $ 0 $ 0 $ 0 $ 0 $ 0 $ 157 $ 0 $ 6 $ 2,772 U.S. Businesses: Institutional Retirement Strategies 43 70,105 0 16,601 10,830 3,946 12,899 14 219 Individual Retirement Strategies(1) 3,627 11,040 0 7,028 2,489 929 561 600 1,811 Retirement Strategies 3,670 81,145 0 23,629 13,319 4,875 13,460 614 2,030 Group Insurance 146 5,532 254 6,306 5,580 513 5,654 5 1,013 Individual Life 6,898 21,508 0 30,056 3,255 2,533 3,863 352 1,979 Assurance IQ 0 0 0 0 0 2 0 0 1,799 Total U.S. Businesses 10,714 108,185 254 59,991 22,154 7,923 22,977 971 6,821 International Businesses 7,658 127,574 87 49,545 15,980 5,400 15,014 1,149 2,725 Corporate and Other(2) (368) 9,087 1 8,448 848 2,307 1,348 (50) 2,013 Total PFI excluding Closed Block division 18,004 244,846 342 117,984 38,982 15,787 39,339 2,076 14,331 Closed Block division 188 45,596 0 13,380 1,789 2,500 5,475 21 311 Total $ 18,192 $ 290,442 $ 342 $ 131,364 $ 40,771 $ 18,287 $ 44,814 $ 2,097 $ 14,642 PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2020 (in millions) Segment Deferred Future Unearned Other Policy Premiums, Net Benefits, Amortization of Other PGIM $ 0 $ 0 $ 0 $ 0 $ 0 $ 304 $ 0 $ 8 $ 2,637 U.S. Businesses: Institutional Retirement Strategies(3) 39 68,764 0 18,806 6,297 3,470 8,429 8 228 Individual Retirement Strategies 4,689 21,325 0 12,383 2,399 898 664 481 1,771 Retirement Strategies 4,728 90,089 0 31,189 8,696 4,368 9,093 489 1,999 Group Insurance 149 5,176 246 7,470 5,171 516 4,870 8 924 Individual Life 6,196 21,062 0 29,099 3,347 2,279 4,261 406 2,259 Assurance IQ 0 0 0 0 0 2 0 0 533 Total U.S. Businesses 11,073 116,327 246 67,758 17,214 7,165 18,224 903 5,715 International Businesses 7,668 128,682 94 51,476 16,155 4,973 14,676 1,239 2,809 Corporate and Other(3) 77 14,231 1 37,677 1,818 2,728 3,889 45 2,421 Total PFI excluding Closed Block division 18,818 259,240 341 156,911 35,187 15,170 36,789 2,195 13,582 Closed Block division 209 46,762 0 14,295 1,982 2,240 4,433 26 331 Total $ 19,027 $ 306,002 $ 341 $ 171,206 $ 37,169 $ 17,410 $ 41,222 $ 2,221 $ 13,913 __________ (1) Includes reclassification of “Assets held-for sale” for Deferred Policy Acquisition Costs of $(1,097) million and “Liabilities held-for-sale” for Future Policy Benefits, Losses, Claims, Expenses of $(4,505) million, and Other Policy Claims and Benefits Payable of $(11,750) million. See Note 1 for details of the assets and liabilities classified as “held-for-sale” as of December 31, 2021. The sale was completed in the second quarter of 2022. (2) Includes reclassification of “Assets held-for sale” for Deferred Policy Acquisition Costs of $(100) million and “Liabilities held-for-sale” for Future Policy Benefits, Losses, Claims, Expenses of $(157) million, and Other Policy Claims and Benefits Payable of $(28,164) million. See Note 1 for details of the assets and liabilities classified as “held-for-sale” as of December 31, 2021. The sale was completed in the second quarter of 2022. (3) Effective third quarter of 2021, the company is reporting the assets and liabilities of the Full Service Retirement business as "held-for-sale" and has transferred the results of this business to divested and Run-off Businesses within Corporate and Other operations.

Schedule IV - Reinsurance

Schedule IV - Reinsurance	12 Months Ended
Schedule IV - Reinsurance	Dec. 31, 2022
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Schedule IV - Reinsurance	PRUDENTIAL FINANCIAL, INC. Schedule IV Reinsurance As of and For the Years Ended December 31, 2022, 2021 and 2020 ($ in millions) Gross Ceded to Assumed Net Percentage 2022 Life Insurance Face Amount In Force $ 4,133,602 $ 858,957 $ 178,286 $ 3,452,931 5.2 % Premiums: Life Insurance $ 33,367 $ 2,216 $ 4,129 $ 35,280 11.7 % Accident and Health Insurance 2,826 87 0 2,739 0.0 Total Premiums $ 36,193 $ 2,303 $ 4,129 $ 38,019 10.9 % 2021 Life Insurance Face Amount In Force $ 4,067,801 $ 835,774 $ 177,089 $ 3,409,116 5.2 % Premiums: Life Insurance $ 28,637 $ 2,289 $ 5,581 $ 31,929 17.5 % Accident and Health Insurance 2,986 88 0 2,898 0.0 Total Premiums $ 31,623 $ 2,377 $ 5,581 $ 34,827 16.0 % 2020 Life Insurance Face Amount In Force $ 4,015,943 $ 887,028 $ 180,343 $ 3,309,258 5.4 % Premiums: Life Insurance $ 26,197 $ 2,199 $ 4,336 $ 28,334 15.3 % Accident and Health Insurance 2,894 88 0 2,806 0.0 Total Premiums $ 29,091 $ 2,287 $ 4,336 $ 31,140 13.9 %

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for additional information regarding the Company’s consolidated variable interest entities. Intercompany balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs (“DAC”) and related amortization; policyholders’ account balances related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products; value of business acquired (“VOBA”) and its amortization; amortization of deferred sales inducements (“DSI”); measurement of goodwill and any related impairment; valuation of investments including derivatives, measurement of allowance for credit losses, and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; pension and other postretirement benefits; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.
Investments and Investment-Related Liabilities	Fixed maturities, available-for-sale, at fair value (“AFS debt securities”) includes bonds, notes and redeemable preferred stock that are carried at fair value. See Note 6 for additional information regarding the determination of fair value. The purchased cost of fixed maturities is adjusted for amortization of premiums and accretion of discounts to maturity or, if applicable, call date. AFS debt securities, where fair value is below amortized cost, are reviewed quarterly to determine whether the amortized cost basis of the security is recoverable. For mortgage-backed and asset-backed AFS debt securities, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. For all other AFS debt securities, qualitative factors are first considered including, but not limited to, the extent of the decline and the reasons for the decline in value (e.g., credit events, currency or interest-rate related, including general credit spread widening), and the financial condition of the issuer. If analysis of these qualitative factors results in the security needing to be impaired, a credit impairment will be recognized in earnings as an allowance for credit losses and reported in “Realized investment gains (losses), net,” to the extent the amortized cost exceeds the net present value of projected future cash flows (the “net present value”) for the security. A credit impairment recorded cannot exceed the difference between the amortized cost and fair value of the respective security. The net present value used to measure a credit impairment is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the AFS debt security at the date of acquisition. Once the Company has deemed all or a portion of the amortized cost uncollectible, the allowance is removed from the balance sheet by writing down the amortized cost basis of the AFS debt security. Any amount of an AFS debt security’s change in fair value not recorded as an allowance for credit losses will be recorded in Other Comprehensive Income (loss) (“OCI”). When an AFS debt security’s fair value is below amortized cost and the Company has the intent to sell the AFS debt security, or it is more likely than not the Company will be required to sell the AFS debt security before its anticipated recovery, the amortized cost basis of the AFS debt security is written down to fair value and any previously recognized allowance is reversed. The write-down is reported in “Realized investment gains (losses), net.” Interest income, including amortization of premium and accretion of discount, are included in “Net investment income” under the effective yield method. Prepayment premiums are also included in “Net investment income.” For high credit quality mortgage-backed and asset-backed AFS debt securities (those rated AA or above), the amortized cost and effective yield of the securities are adjusted as necessary to reflect historical prepayment experience and changes in estimated future prepayments. The adjustments to amortized cost are recorded as a charge or credit to “Net investment income” in accordance with the retrospective method. For mortgage-backed and asset-backed AFS debt securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is purchased with credit deterioration or an allowance is currently recorded for the respective security. If an investment is impaired, any changes in the estimated timing and amount of cash flows will be recorded as the credit impairment, as opposed to a yield adjustment. If the asset is purchased with credit deterioration (or previously impaired), the effective yield will be adjusted if there are favorable changes in cash flows subsequent to the allowance being reduced to zero. For mortgage-backed and asset-backed AFS debt securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries, which vary based on the asset type and geographic location, as well as the vintage year of the security. These assumptions can significantly impact income recognition, unrealized gains and loss recorded in OCI, and the amount of impairment recognized in earnings. The payment priority of the respective security is also considered. For all other AFS debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. The Company has developed these estimates using information based on its historical experience as well as using market observable data, such as industry analyst reports and forecasts, sector credit ratings and other data relevant to the collectability of a security, such as the general payment terms of the security and the security’s position within the capital structure of the issuer. The associated unrealized gains and losses, net of tax, and the effect on DAC, VOBA, DSI, future policy benefits, policyholders’ account balances and policyholders’ dividends that would result from the realization of unrealized gains and losses, are included in “Accumulated other comprehensive income (loss)” (“AOCI”). Each of these balances is discussed in greater detail below. Fixed maturities, held-to-maturity, at amortized cost includes bonds that the Company has both the positive intent and ability to hold to maturity, and are carried at amortized cost, net of the current expected credit loss (“CECL”) allowance (“HTM debt securities”). Interest income for HTM debt securities is computed in the same manner as interest income for AFS debt securities. Credit impairment for HTM debt securities is recorded through a CECL allowance. The CECL allowance is generally determined based on probability of default and loss given default assumptions according to sector, credit quality and remaining time to maturity. Changes in the allowance are reported in “Realized investment gains (losses), net.” Once the Company has deemed all or a portion of the amortized cost uncollectible, the uncollectible portion of the allowance is removed from the balance sheet by writing down the amortized cost basis of the security. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance is calculated separately for each HTM debt security. Key inputs to the CECL model include unpaid principal balances, credit ratings, annual expected loss factors, average life adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Fixed maturities, trading, at fair value (“Trading debt securities”) includes debt securities that are carried at fair value such as fixed maturities with embedded features that are considered derivatives and assets contained within consolidated variable interest entities. See Note 6 for additional information regarding the determination of fair value. Realized and unrealized gains and losses for these investments are reported in “Other income (loss),” and interest income from these investments is reported in “Net investment income.” Assets supporting experience-rated contractholder liabilities, at fair value includes invested assets that consist of fixed maturities, equity securities, short-term investments and cash equivalents, that support certa in products wh ich are experience-rated, meaning that the investment results associated with these products are expected to ultimately accrue to contractholders. Realized and unrealized gains and losses for these investments are reported in “Other income (loss).” Interest and dividend income from these investments is reported in “Net investment income.” Equity securities, at fair value consists of common stock, mutual fund shares and non-redeemable preferred stock carried at fair value. Realized and unrealized gains and losses on these investments are reported in “Other income (loss),” and dividend income is reported in “Net investment income” on the ex-dividend date. Commercial mortgage and other loans consists of commercial mortgage loans, agricultural property loans, as well as certain other collateralized and uncollateralized loans. Uncollateralized loans primarily represent reverse dual currency loans and corporate loans held by the Company’s international insurance operations. Commercial mortgage and other loans originated and held for investment are generally carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses, and net of any CECL allowance. Certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans, and certain unfunded mortgage loan commitments where the Company cannot unconditionally cancel the commitment) are also subject to a CECL allowance. See Note 23 for additional information. The Company carries certain commercial mortgage loans originated within the Company’s commercial mortgage operations at fair value where the fair value option has been elected. Loans held for sale where the Company has not elected the fair value option are carried at the lower of cost or fair value. Commercial mortgage and other loans acquired, including those related to the acquisition of a business, are recorded at fair value when purchased, reflecting any premiums or discounts to unpaid principal balances. Interest income, and the amortization of the related premiums or discounts, are included in “Net investment income” under the effective yield method. Prepayment fees are also included in “Net investment income.” Effective January 1, 2020, the Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and related ASUs, using a modified retrospective method for certain financial assets carried at amortized cost and certain off-balance sheet exposures. Adoption of these ASUs requires an entity to estimate lifetime credit losses for certain financial assets carried at amortized cost and certain off-balance sheet exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that may affect the collectability of reported amounts. The most significant impact is from modifications made to the Company’s process for measuring credit losses for its commercial mortgage and other loans classified as held for investment. The impact of the standard resulted in a decrease to “Total assets” of $122 million ($115 million of this decrease was recorded for commercial mortgage and other loans), a decrease to “Total liabilities” of $23 million, and a decreased to “Retained earnings” of $99 million upon adoption on January 1, 2020. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets or off-balance sheet credit exposures. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. Prior to the adoption of ASU 2016-13, the allowance was based upon credit losses that were probable of occurring for recognized loans, not an estimate of credit losses that may occur over the remaining life of the asset. The allowance is calculated separately for commercial mortgage loans, agricultural mortgage loans, and other collateralized and uncollateralized loans. For commercial mortgage and agricultural mortgage loans, the allowance is calculated using an internally developed CECL model that pools together loans that share similar risk characteristics. Similar risk characteristics used to create the pools include, but are not limited to, vintage, maturity, credit rating, and collateral type. Key inputs to the CECL model include unpaid principal balances, internal credit ratings, annual expected loss factors, average lives of the loans adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Information about certain key inputs is detailed below. Key factors in determining the internal credit ratings for commercial mortgage and agricultural mortgage loans include loan-to-value and debt-service-coverage ratios. Other factors include amortization, loan term, and estimated market value growth rate and volatility for the property type and region. The loan-to-value ratio compares the carrying amount of the loan to the fair value of the underlying property or properties collateralizing the loan, and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the carrying amount of the loan exceeds the collateral value. A loan-to-value ratio less than 100% indicates an excess of collateral value over the carrying amount of the loan. The debt service coverage ratio is a property’s net operating income as a percentage of its debt service payments. Debt service coverage ratios less than 1.0 indicates that property operations do not generate enough income to cover the loan’s current debt payments. A debt service coverage ratio greater than 1.0 indicates an excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage loan and agricultural property loan portfolios, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a quality re-rating process, whereby the internal quality rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary quality rating system. See Note 3 for additional information related to the loan-to-value ratios and debt service coverage ratios related to the Company’s commercial mortgage and agricultural loan portfolios. Annual expected loss rates are based on historical default and loss experience factors. Using average lives, the annual expected loss rates are converted into life-of-loan loss expectations. When individual loans no longer have the credit risk characteristics of the commercial or agricultural mortgage loan pools, they are removed from the pools and are evaluated individually for an allowance. The allowance is determined based on the outstanding loan balance less the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The CECL allowance on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. The change in allowance is reported in “Realized investment gains (losses), net.” As it relates to unfunded commitments that are in scope of this guidance, the CECL allowance is reported in “Other liabilities,” and the change in the allowance is reported in “Realized investment gains (losses), net.” The CECL allowance for other collateralized and uncollateralized loans (e.g., corporate loans) carried at amortized cost is determined based on probability of default and loss given default assumptions by sector, credit quality and average lives of the loans. Additions to, or releases of, the allowance are reported in “Realized investment gains (losses), net.” Once the Company has deemed a portion of the amortized cost to be uncollectible, the uncollectible portion of allowance is removed from the balance sheet by writing down the amortized cost basis of the loan. The carrying amount of the loan is not adjusted for subsequent recoveries in value. Interest received on loans that are past due is either applied against the principal or reported as net investment income based on the Company’s assessment as to the collectability of the principal. The Company defines “past due” as principal or interest not collected at least 30 days past the scheduled contractual due date. See Note 3 for additional information about the Company’s past due loans. The Company discontinues accruing interest on loans after the loans become 90 days delinquent as to principal or interest payments, or earlier when the Company has doubts about collectability. When the Company discontinues accruing interest on a loan, any accrued but uncollectible interest on the loan and other loans backed by the same collateral, if any, is charged against interest income in the same period. Generally, a loan is restored to accrual status only after all delinquent interest and principal are brought current and, in the case of loans where the payment of interest has been interrupted for a substantial period, or the loan has been modified, a regular payment performance has been established. Commercial mortgage and other loans are occasionally restructured in a troubled debt restructuring (“TDR”). These restructurings generally include one or more of the following: full or partial payoffs outside of the original contract terms; changes to interest rates; extensions of maturity; or additions or modifications to covenants. Additionally, the Company may accept assets in full or partial satisfaction of the debt as part of a TDR. When restructurings occur, they are evaluated individually to determine whether the restructuring or modification constitutes a TDR as defined by authoritative accounting guidance. If the borrower is experiencing financial difficulty and the Company has granted a concession, the restructuring, including those that involve a partial payoff or the receipt of assets in full satisfaction of the debt is deemed to be a TDR. When there is a reasonable expectation that the Company will execute a TDR, all effects of the potential restructuring are considered for the estimation of the CECL allowance. When a loan is modified in a TDR, the CECL allowance of the loan is remeasured using the modified terms and the loan’s original effective yield, and the allowance is adjusted accordingly. The loan will be evaluated to determine whether the loan no longer has similar credit risk characteristics of the commercial or agricultural mortgage loan pools and need to be evaluated for an allowance on an individual basis. Subsequent to the modification, income is recognized prospectively based on the modified terms of the loan. In a TDR where the Company receives assets in full satisfaction of the debt, any CECL allowance is reversed and a direct write-down of the loan is recorded for the amount of the allowance, and any additional loss, net of recoveries, or any gain is recorded for the difference between the fair value of the assets received and the recorded investment in the loan. When assets are received in partial settlement, the same process is followed, and the remaining loan is evaluated prospectively for credit impairment based on the CECL allowance process noted above. The Company’s PGIM business provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities (“GSEs”). The Company has agreed to indemnify the GSEs for a portion of the credit risk associated with certain of the mortgages it services. Management has established a CECL allowance that factors in historical loss information, current conditions and reasonable and supportable forecasts. The allowance also considers the remaining lives of the loans subject to the indemnification. The CECL allowance is included in “Other liabilities” and changes in the CECL allowance are reported in “Realized investment gains (losses), net.” See Note 23 for additional information. Prior to the adoption of ASU 2016-13, a credit loss allowance was not required. Policy loans represents funds loaned to policyholders up to the cash surrender value of the associated insurance policies and are carried at the unpaid principal balances due to the Company from the policyholders. Interest income on policy loans is recognized in “Net investment income” at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policies. Other invested assets consists of the Company’s non-coupon investments in limited partnerships and limited liability companies (“LPs/LLCs”), other than operating joint ventures, as well as wholly-owned investment real estate, derivative assets and other investments. LPs/LLCs interests are accounted for using either the equity method of accounting, or at fair value with changes in fair value reported in “Other income (loss).” The Company’s income from investments in LPs/LLCs accounted for using the equity method, other than the Company’s investments in operating joint ventures, is included in “Net investment income.” The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In applying the equity method (including assessment for OTTI), the Company uses financial information provided by the investee, generally on a one to three-month lag. The Company consolidates LPs/LLCs in certain other instances where it is deemed to exercise control, or is considered the primary beneficiary of a variable interest entity. See Note 4 for additional information about VIEs. The Company’s wholly-owned investment real estate consists of real estate which the Company has the intent to hold for the production of income as well as real estate held for sale. Real estate which the Company has the intent to hold for the production of income is carried at depreciated cost less any write-downs to fair value for impairment losses and is reviewed for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Real estate held for sale is carried at the lower of depreciated cost or fair value less estimated selling costs and is not further depreciated once classified as such. An impairment loss is recognized when the carrying value of the investment real estate exceeds the estimated undiscounted future cash flows (excluding interest charges) from the investment. At that time, the carrying value of the investment real estate is written down to fair value. Decreases in the carrying value of investment real estate held for the production of income due to OTTI are recorded in “Realized investment gains (losses), net.” Depreciation on real estate held for the production of income is computed using the straight-line method over the estimated useful lives of the properties and is included in “Net investment income.” Short-term investments primarily consists of highly liquid debt instruments with a maturity of twelve months or less and greater than three months when purchased, other than those debt instruments meeting this definition that are included in “Assets supporting experience-rated contractholder liabilities, at fair value.” These investments are generally carried at fair value or amortized cost that approximates fair value and include certain money market investments, funds managed similar to regulated Accrued investment income primarily includes accruals of interest and dividend income from investments that have been earned but not yet received. Notes issued by consolidated variable interest entities represents notes issued by certain asset-backed investment vehicles, primarily collateralized loan obligations (“CLOs”), which the Company is required to consolidate. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. The Company has elected the fair value option for the majority of these notes, and has based the fair value on the corresponding bank loan collateral. Changes in fair value are reported in “Other income (loss).”
Cash and Cash Equivalents	Cash and cash equivalents includes cash on hand, amounts due from banks, certain money market investments, funds managed similar to regulated money market funds, other debt instruments with maturities of three months or less when purchased, other than cash equivalents that are included in “Assets supporting experience-rated contractholder liabilities, at fair value,” and receivables related to securities purchased under agreements to resell (see also “ Securities sold under agreements to repurchase ” below). These assets are generally carried at fair value or amortized cost which approximates fair value.
DAC	Deferred policy acquisition costs represent costs directly related to the successful acquisition of new and renewal insurance and annuity business that have been deferred to the extent such costs are deemed recoverable from future profits. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully acquired contracts. In each reporting period, capitalized DAC is amortized to “Amortization of DAC,” net of the accrual of imputed interest on DAC balances. DAC is subject to periodic recoverability testing. DAC, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. For traditional participating life insurance which are included in the Closed Block, DAC is amortized over the expected life of the contracts in proportion to gross margins based on historical and anticipated future experience. Any changes in estimated gross margins on unamortized DAC are reflected in the period such that estimated gross margins are revised on a retrospective basis. DAC related to non-participating traditional individual life insurance and longevity reinsurance contracts is amortized in proportion to gross premiums. DAC related to universal and variable life products and fixed and variable deferred annuity products are generally deferred and amortized over the expected life of the contracts in proportion to gross profits arising principally from investment margins, mortality and expense margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. The Company uses a reversion to the mean approach for equities to derive future equity return assumptions; however, if the projected equity return calculated using this approach is greater than the maximum equity return assumption, the maximum equity return is utilized, and if the projected equity return is negative, the return is floored at 0%. Gross profits also include impacts from the embedded derivatives associated with certain of the optional living benefit features of variable annuity contracts, and index-linked crediting features of certain universal life and annuity contracts and related hedging activities. Total gross profits include both actual gross profits and estimates of gross profits for future periods. The Company regularly evaluates and adjusts DAC balances with a corresponding charge or credit to current period earnings, representing a cumulative adjustment to all prior periods’ amortization, for the impact of actual gross profits and changes in the Company’s projections of estimated future gross profits. Adjustments to DAC balances result from: (i) the annual review of assumptions that reflect the comprehensive review of the assumptions used in estimating gross profits for future periods; (ii) quarterly adjustments for current period experience (also referred to as “experience true-up” adjustments) that reflect the impact of differences between actual gross profits for a given period and the previously estimated expected gross profits for that period; and (iii) quarterly adjustments for market performance (also referred to as “experience unlocking”) that reflect the impact of changes to the Company’s estimate of total gross profits to reflect actual fund performance and market conditions. For group annuity contracts (other than single premium group annuities), acquisition costs are generally deferred and amortized over the expected life of the contracts in proportion to gross profits. For group corporate-, bank- and trust-owned life insurance contracts, acquisition costs are generally deferred and amortized in proportion to lives insured. For single premium immediate annuities with life contingencies, single premium group annuities, including non-participating group annuity contracts, and single premium structured settlements with life contingencies, all acquisition costs are charged to expense immediately because generally all premiums are recognized as revenue at the inception of the contract. For funding agreement notes contracts, single premium structured settlement contracts without life contingencies, and single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. For other group life and disability insurance contracts and guaranteed investment contracts (“GICs”), acquisition costs are expensed as incurred. For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If policyholders surrender traditional life insurance
VOBA	Value of business acquired represents identifiable intangible assets to which a portion of the purchase price in a business acquisition is attributed under the application of purchase accounting. VOBA represents an adjustment to the stated value of in-force insurance contract liabilities to present them at fair value, determined as of the acquisition date. VOBA balances are subject to recoverability testing, in the manner in which they were acquired. The Company has established a VOBA asset primarily for its acquired life insurance products and accident and health products with fixed benefits. As of December 31, 2022, the majority of the VOBA balance relates to the 2011 acquisition of AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, and AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (collectively, the “Star and Edison Businesses”.) The Company amortizes VOBA over the anticipated life of the acquired contracts using the same methodology and assumptions used to amortize DAC. The Company records amortization of VOBA in “General and administrative expenses.” VOBA, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. See Note 8 for additional information regarding VOBA.
Assets and Liabilities held-for-sale	Assets held-for-sale consists of assets associated with pending business dispositions. The Company classifies a business as held-for-sale when management has approved or received approval from the Board to sell the business, the sale is probable to be completed within a year and certain other specified criteria are met. The business classified as held-for-sale is recorded at the lower of carrying value or estimated fair value, less costs to sell. If the carrying value of the business exceeds its estimated fair value, less costs to sell, a loss is recognized and reported in “Other income (loss)” when the criteria for the held-for-sale classification as described above are met. If the estimated fair value, less costs to sell, exceeds the carrying value of the business, the gain is recorded in “Other income (loss)” when the sale is completed. See Note 1 for additional information regarding the dispositions, including the composition of assets included as “Assets held-for-sale” as of December 31, 2021. Liabilities held-for-sale consists of liabilities associated with pending business dispositions. See “ Assets held-for-sale ” above for further description of the held-for-sale classification. See Note 1 for additional information regarding the dispositions, including the composition of liabilities included as “Liabilities held-for-sale” as of December 31, 2021.
Other Assets and Other Liabilities	Other assets consists primarily of prepaid pension benefit costs (see Note 18), certain restricted assets (e.g., cash and cash equivalents), trade receivables, goodwill and other intangible assets, “right-of-use” lease assets (see “ Other liabilities ” below), DSI, the Company’s investments in operating joint ventures, property and equipment, reinsurance recoverables (see “ Reinsurance ” below), and receivables resulting from sales of securities that had not yet settled at the balance sheet date. Trade receivables primarily relate to Assurance IQ and are reported net of the CECL allowance. The CECL allowance considers the credit quality of the counterparties and is generally determined based on probability of default and loss given default assumptions. Additions to or releases of the allowance are reported in “General and administrative expenses.” Property and equipment are carried at cost less accumulated depreciation. Depreciation is determined using the straight-line method over the estimated useful lives of the related assets, which generally range from 3 to 40 years. As a result of certain acquisitions, the Company recognizes an asset for goodwill representing the excess of cost over the net fair value of the assets acquired and liabilities assumed. Goodwill is assigned to reporting units at the date the goodwill is initially recorded. A reporting unit is an operating segment, or a unit one level below the operating segment if discrete financial information is prepared and regularly reviewed by management at that level. Once goodwill has been assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or organically grown, are available to support the value of the goodwill. The Company tests goodwill for impairment annually as of December 31 and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Accounting guidance provides for an optional qualitative assessment for testing goodwill impairment that may allow companies to skip the quantitative test. As part of the annual goodwill impairment test, the Company estimates the fair value of the reporting units by applying the quantitative test, which involves comparing each reporting unit’s fair value to its carrying value including goodwill. If the fair value of a reporting unit exceeds its carrying value, the applicable goodwill is considered not to be impaired. If the carrying value exceeds fair value, goodwill is reduced and an impairment charge to income is recognized for the excess. The measurement of a goodwill impairment loss includes the related income tax effect from any tax deductible goodwill. The impairment loss cannot exceed the amount of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. Management is required to make significant estimates in determining the fair value of a reporting unit including, but not limited to: projected revenues and operating margins, applicable discount and growth rates, and comparative market multiples. See Note 10 for additional information regarding goodwill. The Company has offered various types of sales inducements to policyholders related to fixed and variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology and assumptions used to amortize DAC. Sales inducement balances are subject to periodic recoverability testing. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” DSI, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. See Note 13 for additional information regarding sales inducements. Identifiable intangible assets primarily include customer relationships and mortgage servicing rights and are recorded net of accumulated amortization. The Company tests identifiable intangible assets for impairment on an annual basis as of December 31 of each year or whenever events or circumstances suggest that the carrying value of an identifiable intangible asset may exceed the sum of the undiscounted cash flows expected to result from its use and eventual disposition. If this condition exists and the carrying value of an identifiable intangible asset exceeds its fair value, the excess is recognized as an impairment and is recorded as a charge against net income. Measuring intangible assets requires the use of estimates. Significant estimates include the projected net cash flow attributable to the intangible asset and the rate at which future net cash flows are discounted for purposes of estimating fair value, as applicable. See Note 10 for additional information regarding identifiable intangible assets. Investments in operating joint ventures are generally accounted for under the equity method. The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. See Note 9 for additional information regarding investments in operating joint ventures. Other liabilities consists primarily of trade payables, lease liabilities (see “ Other assets ” above), pension and other employee benefit liabilities (see Note 18), derivative liabilities (see “ Derivative Financial Instruments ” below), reinsurance payables (see “ Reinsurance ” below), and payables resulting from purchases of securities that had not yet settled at the balance sheet date.
Lessor, Leases	Leases are recorded on the balance sheet as “right-of-use” assets and lease liabilities within “Other assets” and “Other liabilities” respectively. Leases are classified as either operating or finance leases and lease expense is recognized within “General and administrative expenses.” As a lessee, for operating leases, total lease expense is recognized using a straight-line method. Finance leases are treated as the purchase of an asset on a financing basis. Additionally, as a lessor, for sales-type and direct financing leases, the Company derecognizes the carrying value of the leased asset that is considered to have been transferred to a lessee and records a lease receivable and residual asset (“receivable and residual” approach). See Note 11 for additional information regarding leases.
Lessee, Leases	Leases are recorded on the balance sheet as “right-of-use” assets and lease liabilities within “Other assets” and “Other liabilities” respectively. Leases are classified as either operating or finance leases and lease expense is recognized within “General and administrative expenses.” As a lessee, for operating leases, total lease expense is recognized using a straight-line method. Finance leases are treated as the purchase of an asset on a financing basis. Additionally, as a lessor, for sales-type and direct financing leases, the Company derecognizes the carrying value of the leased asset that is considered to have been transferred to a lessee and records a lease receivable and residual asset (“receivable and residual” approach). See Note 11 for additional information regarding leases.
Separate Account Assets and Liabilities	Separate account assets represents segregated funds that are invested for certain policyholders, pension funds and other customers. The assets consist primarily of equity securities, fixed maturities, real estate-related investments, real estate mortgage loans, short-term investments and derivative instruments and are reported at fair value. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. The investment income and realized investment gains or losses from separate account assets generally accrue to the policyholders and are not included in the Company’s results of operations. Mortality, policy administration and surrender charges assessed against the accounts are included in “Policy charges and fee income.” Asset management fees charged to the accounts are included in “Asset management and service fees.” Seed money that the Company invests in separate accounts is reported in the appropriate general account asset line. Investment income and realized investment gains or losses from seed money invested in separate accounts accrue to the Company and are included in the Company’s results of operations. See Note 13 for additional information regarding separate account arrangements with contractual guarantees. See also “ Separate account liabilities” below. Separate account liabilities primarily represents the contractholders’ account balances in separate account assets and to a lesser extent borrowings of the separate account, and will be equal and offsetting to total separate account assets. See also “ Separate account assets” above.
Future Policy Benefits	Future policy benefits represents liabilities that primarily consist of the present value of estimated future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of future net premiums (the portion of the gross premium required to provide for all expected future benefits and expenses). For individual traditional participating life insurance products, the mortality and interest rate assumptions applied are those used to calculate the policies’ guaranteed cash surrender values. For life insurance, other than individual traditional participating life insurance, and annuity and disability products, expected mortality and morbidity are generally based on Company experience, industry data and/or other factors. Interest rate assumptions are based on factors such as market conditions and expected investment returns. Although mortality, morbidity and interest rate assumptions are “locked-in” upon the issuance of new insurance or annuity business with fixed and guaranteed terms, significant changes in experience or assumptions may require the Company to provide for expected future losses on a product by recognizing a premium deficiency. A premium deficiency exists when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses. If a premium deficiency is recognized, the assumptions without a provision for the risk of adverse deviation as of the premium deficiency test date are locked-in and used in subsequent valuations. The net reserves continue to be subject to premium deficiency testing. In determining if a premium deficiency related to short-duration contracts exists, the Company considers, among other factors, anticipated investment income. Any adjustments to future policy benefit reserves related to net unrealized gains on securities classified as available-for-sale are included in AOCI. In certain instances, the policyholder liability for a particular line of business may not be deficient in the aggregate to trigger loss recognition, but the pattern of earnings may be such that profits are expected to be recognized in earlier years followed by losses in later years. In these situations, accounting standards require that an additional liability (Profits Followed by Losses or “PFL” liability) be recognized by an amount necessary to sufficiently offset the losses that would be recognized in later years. Historically, PFL liabilities have been predominantly associated with certain universal life contracts that measure GAAP reserves using a dynamic approach, and accordingly, are updated each quarter, using current in-force and market data, and as part of the annual assumption update, such that the liability as of each measurement date represents the Company’s current estimate of the present value of the amount necessary to offset anticipated future losses. See Note 12 for additional information regarding future policy benefits. The Company’s liability for future policy benefits also includes a liability for unpaid claims and claim adjustment expenses. The Company does not establish claim liabilities until a loss has been incurred. However, unpaid claims and claim adjustment expenses include estimates of claims that the Company believes have been incurred but have not yet been reported as of the balance sheet date. The Company’s liability for future policy benefits also includes net liabilities for guarantee benefits related to certain long-duration life and annuity contracts, which are discussed more fully in Note 13, and deferred profits.
Policyholders' Account Balances	Policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. This liability is primarily associated with the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balance, as applicable. These policyholders’ account balances also include provision for benefits under non-life contingent payout annuities and certain unearned revenues. See Note 12 for additional information regarding policyholders’ account balances. Policyholders’ account balances also include amounts representing the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products. For additional information regarding the valuation of these embedded derivatives, see Note 6.
Policyholders' Dividends	Policyholders’ dividends includes dividends payable to policyholders and the policyholder dividend obligation associated with the participating policies included in the Closed Block. The dividends payable for participating policies included in the Closed Block are determined at the end of each year for the following year by the Board of Directors of The Prudential Insurance Company of America (“PICA”) based on its statutory results, capital position, ratings, and the emerging experience of the Closed Block. The policyholder dividend obligation represents amounts expected to be paid to Closed Block policyholders as an additional policyholder dividend unless otherwise offset by future Closed Block performance. Any adjustments to the policyholder dividend obligation related to net unrealized gains (losses) on securities classified as available-for-sale are included in AOCI. For additional information regarding the policyholder dividend obligation, see Note 15. The dividends payable for policies other than the participating policies included in the Closed Block include dividends payable in accordance with certain group and individual insurance policies.
Securities repurchase and resale agreements and securities loaned transactions	Securities sold under agreements to repurchase represents liabilities associated with securities repurchase agreements that are used primarily to earn spread income. As part of securities repurchase agreements, the Company transfers U.S. government and government agency securities to a third-party and receives cash as collateral. For securities repurchase agreements, the cash received is typically invested in cash equivalents, short-term investments or fixed maturities. Receivables associated with securities purchased under agreements to resell are generally reflected as cash equivalents. As part of securities resale agreements, the Company invests cash and receives as collateral U.S. government securities or other debt securities. Securities repurchase and resale agreements that satisfy certain criteria are treated as secured borrowing or secured lending arrangements. These agreements are carried at the amounts at which the securities will be subsequently resold or reacquired, as specified in the respective transactions. For securities purchased under agreements to resell, the Company’s policy is to take possession or control of the securities either directly or through a third-party custodian. These securities are valued daily, and additional securities or cash collateral is received, or returned, when appropriate to protect against credit exposure. Securities to be resold are the same, or substantially the same, as the securities received. The majority of these transactions are with large brokerage firms and large banks. For securities sold under agreements to repurchase, the market value of the securities to be repurchased is monitored, and additional collateral is obtained where appropriate, to protect against credit exposure. The Company obtains collateral in an amount at least equal to 95% of the fair value of the securities sold. Securities to be repurchased are the same, or substantially the same, as those sold. The majority of these transactions are with highly rated money market funds. Income and expenses related to these transactions executed within the insurance companies used to earn spread income are reported as “Net investment income.” Cash collateral for loaned securities represents liabilities to return cash proceeds from security lending transactions. Securities lending transactions are used primarily to earn spread income. As part of securities lending transactions, the Company transfers U.S. and foreign debt and equity securities, as well as U.S. government and government agency securities, and receives cash as collateral. Cash proceeds from securities lending transactions are primarily used to earn spread income, and are typically invested in cash equivalents, short-term investments or fixed maturities. Securities lending transactions are treated as financing arrangements and are recorded at the amount of cash received. The Company obtains collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. The Company monitors the market value of the securities loaned on a daily basis with additional collateral obtained as necessary. Substantially all of the Company’s securities lending transactions are with large brokerage firms and large banks. Income and expenses associated with securities lending transactions used to earn spread income are reported as “Net investment income.”
Income Taxes	Income taxes receivable (payable) primarily represents the net deferred tax asset or liability and the Company’s estimated taxes receivable or payable for the current year and open audit years. The Company and its includible domestic subsidiaries file a consolidated federal income tax return that includes both life insurance companies and non-life insurance companies. Subsidiaries operating outside the U.S. are taxed, and income tax expense is recorded, based on applicable foreign statutes. See Note 16 for a discussion of certain non-U.S. jurisdictions for which the Company assumes repatriation of earnings. Items required by tax regulations to be included in the tax return may differ from the items reflected in the financial statements. As a result, the effective tax rate reflected in the financial statements may be different than the actual rate applied on the tax return. Some of these differences are permanent such as expenses that are not deductible in the Company’s tax return, and some differences are temporary, reversing over time, such as valuation of insurance reserves. Temporary differences create deferred tax assets and liabilities. Deferred tax assets generally represent items that can be used as a tax deduction or credit in future years for which the Company has already recorded the tax benefit in the Company’s Consolidated Statements of Operations. Deferred tax liabilities generally represent tax expense recognized in the Company’s financial statements for which payment has been deferred, or expenditures for which the Company has already taken a deduction in the Company’s tax return but have not yet been recognized in the Company’s financial statements. Deferred income taxes are recognized, based on enacted rates, when assets and liabilities have different values for financial statement and tax reporting purposes. The application of U.S. GAAP requires the Company to evaluate the recoverability of the Company’s deferred tax assets and establish a valuation allowance if necessary to reduce the Company’s deferred tax assets to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. See Note 16 for a discussion of factors considered when evaluating the need for a valuation allowance. The U.S. Tax Cuts and Jobs Act of 2017 (“Tax Act of 2017”) included two new tax provisions that could impact the Company’s effective tax rate and cash tax payments. The Base Erosion and Anti-Abuse Tax (“BEAT”) taxes modified taxable income, starting at a rate of 10% in 2019 and increasing to 12.5% in 2026, and is due if the calculated BEAT amount that is determined without the benefit of foreign and certain tax credits is greater than the regular corporate tax in any given year. In general, modified taxable income is calculated by adding back to a taxpayer’s regular taxable income the amount of certain “base erosion tax benefits” with respect to payments to foreign affiliates, as well as the “base erosion percentage” of any net operating loss deductions. Final Regulations confirmed that benefit and claim payments made by our U.S. insurance business to our foreign affiliates on reinsurance assumed by the U.S. affiliates are not base erosion payments. The Global Intangible Low-Taxed Income (“GILTI”) provision applies a minimum U.S. tax to earnings of consolidated foreign subsidiaries in excess of a 10% deemed return on tangible assets of foreign subsidiaries by imposing the U.S. tax rate to 50% of earnings of such foreign affiliates and provides for a partial foreign tax credit for foreign income taxes. The amount of tax in any period on GILTI can depend on annual differences between U.S. taxable income recognition rules and taxable income recognition rules in the country of operations and the overall taxable income of U.S. operations, as well as U.S. expense allocation rules which limit the amount of foreign tax credits that can be applied to reduce the U.S. tax on the GILTI provision. Under certain circumstances, the taxable income of U.S. operations may cause more than 50% of earnings of foreign affiliates to be subject to the GILTI provision. In years that the PFI consolidated federal income tax return reports a net operating loss or has a loss attributable to U.S. sources of operations, including as a result of loss carrybacks, the GILTI provision would cause a loss of U.S. tax benefits for some or all of those losses, effectively increasing the tax on foreign earnings. The Company accounts for the effects of the BEAT and GILTI provisions as a period cost if and when incurred. U.S. GAAP prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that a company has taken or expects to take on tax returns. The application of this guidance is a two-step process. First, the Company determines whether it is more likely than not, based on the technical merits, that the tax position will be sustained upon examination. If a tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The second step is measurement. The Company measures the tax position as the largest amount of benefit that is greater than 50% likely to be realized upon ultimate resolution with a taxing authority that has full knowledge of all relevant information. This measurement considers the amounts and probabilities of the outcomes that could be realized upon ultimate settlement using the facts, circumstances, and information available at the reporting date. The Company accrues a liability for unrecognized tax benefits, interest and penalties which relate to tax years still subject to review by the Internal Revenue Service (“IRS”) or other taxing jurisdictions. Audit periods remain open for review until the statute of limitations has passed. Generally, for tax years which produce net operating losses, capital losses or tax credit carryforwards (“tax attributes”), the statute of limitations does not close, to the extent of these tax attributes, until the expiration of the statute of limitations for the tax year in which they are fully utilized. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the liability for income taxes. The Company classifies all interest and penalties related to tax uncertainties as income tax expense. See Note 16 for additional information regarding income taxes.
Short-Term and Long-Term Debt	Short-term and long-term debt liabilities are primarily carried at an amount equal to unpaid principal balance, net of unamortized discount or premium and debt issuance costs. Original-issue discount or premium and debt-issue costs are recognized as a component of interest expense over the period the debt is expected to be outstanding, using the interest method of amortization. Interest expense is generally presented within “General and administrative expenses” in the Company’s Consolidated Statements of Operations. Interest expense may also be reported within “Net investment income” for certain activity, as prescribed by specialized industry guidance. Short-term debt is debt coming due in the next twelve months, including that portion of debt otherwise classified as long-term. The short-term debt caption may exclude short-term debt items for which the Company has the intent and ability to refinance on a long-term basis in the near-term. See Note 17 for additional information regarding short-term and long-term debt.
Contingent Liabilities	Commitments and contingent liabilities are accrued if it is probable that a liability has been incurred and an amount is reasonably estimable. Management evaluates whether there are incremental legal or other costs directly associated with the ultimate resolution of the matter that are reasonably estimable and, if so, they are included in the accrual. These accruals are generally reported in “Other liabilities.”
Insurance Revenue and Expense Recognition	Insurance Revenue and Expense Recognition Premiums from individual life products (other than universal and variable life contracts), as well as health insurance and long-term care products are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium is generally deferred and recognized into revenue in a constant relationship to insurance in force. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net level premium valuation methodology. Premiums from non-participating group annuities with life contingencies, single premium structured settlements with life contingencies and single premium immediate annuities with life contingencies are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium is generally deferred and recognized into revenue based on expected future benefit payments. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net level premium valuation methodology. Certain individual annuity contracts provide the contractholder a guarantee that the benefit received upon death or annuitization will be no less than a minimum prescribed amount. These benefits are accounted for as insurance contracts. The Company also provides contracts with certain living benefits which are considered embedded derivatives. See Note 13 for additional information regarding these contracts and Note 6 for information regarding the valuation of these embedded derivatives. Amounts received as payment for universal or variable group and individual life contracts, deferred fixed or variable annuities, structured settlements and other contracts without life contingencies, and participating group annuities are reported as deposits to “Policyholders’ account balances” and/or “Separate account liabilities.” Revenues from these contracts are reflected in “Policy charges and fee income” consisting primarily of fees assessed during the period against the policyholders’ account balances for mortality and other benefit charges, policy administration charges and surrender charges. In addition to fees, the Company earns investment income from the investment of deposits in the Company’s general account portfolio. Fees assessed that represent compensation to the Company for services to be provided in future periods and certain other fees are generally deferred and amortized into revenue over the life of the related contracts in proportion to estimated gross profits. Benefits and expenses for these products include claims in excess of related account balances, expenses of contract administration, interest credited to policyholders’ account balances and amortization of DAC, DSI and VOBA. Policyholders’ account balances also include amounts representing the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products where changes in the value of the embedded derivatives are recorded though “Realized investment gains (losses), net”. For additional information regarding the valuation of these embedded derivatives, see Note 6. For group life (other than universal and variable group life contracts) and disability insurance, premiums are generally recognized over the period to which the premiums relate in proportion to the amount of insurance protection provided. Claim and claim adjustment expenses are recognized when incurred.
Asset Management and Service Fees	Asset management and service fees principally includes asset-based asset management fees, which are recognized in the period in which the services are performed. In certain asset management fee arrangements, the Company is entitled to receive performance-based incentive fees when the return on assets under management exceeds certain benchmark returns or other performance targets. The Company may be required to return all, or part, of such performance-based incentive fees depending on future performance of these assets relative to performance benchmarks. The Company records performance-based incentive fee revenue when the contractual terms of the asset management fee arrangement have been satisfied and it is probable that a significant reversal in the amount of the fee will not occur. Under this principle, the Company records a deferred performance-based incentive fee liability to the extent it receives cash related to the performance-based incentive fee prior to meeting the revenue recognition criteria delineated above.
Other Income	Other income (loss) includes realized and unrealized gains or losses from investments classified “Fixed maturities, trading, at fair value,” “Assets supporting experience-rated contractholder liabilities, at fair value,” “Equity securities, at fair value,” and “Other invested assets” that are measured at fair value and consolidated entities that follow specialized investment company fair value accounting. “Other income (loss)” also includes gains and losses primarily related to the remeasurement of foreign currency denominated assets and liabilities, as discussed in more detail under “ Foreign Currency ” below, as well as gains and losses related to business dispositions. See Note 1 for additional information regarding these dispositions. Additionally, for digital insurance brokerage placement services provided by Assurance IQ, the Company earns both initial and renewal commissions as compensation for the placement of insurance policies with insurance carriers. At the effective date of the policy, the Company records within “Other income (loss)” the expected lifetime revenue for the initial and renewal commissions considering estimates of the timing of future policy cancellations. These estimates are reassessed each reporting period and any changes in estimates are reflected in the current period. Realized investment gains (losses), net includes realized gains or losses from sales and maturities of investments, changes to the allowance for credit losses, other impairments, fair value changes on mortgage loans where the fair value option has been elected, and derivative gains or losses. The derivative gains or losses include the impact of maturities, terminations and changes in fair value of the derivative instruments, including embedded derivatives, and other hedging instruments. Realized investment gains (losses) from the sales of securities are generally calculated using the specific identification method, with the exception of some of the Company’s International Businesses portfolios where the average cost method is used.
Share-Based Payments	Share-Based Payments The Company applies the fair value-based measurement method in accounting for share-based payment transactions with employees except for equity instruments held by employee share ownership plans. Excess tax benefits (deficits) are recorded in earnings and represent the cumulative difference between the actual tax benefit realized and the amount of deferred tax assets recorded attributable to shared-based payment transactions. The Company accounts for non-employee stock options using the fair value method in accordance with authoritative guidance and related interpretations on accounting for equity instruments that are issued to other than employees for acquiring, or in conjunction with selling, goods or services.
Earnings Per Share	Earnings Per Share Earnings per share of Common Stock reflects the consolidated earnings of Prudential Financial. Basic earnings per share is computed by dividing available income attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share includes the effect of all dilutive potential common shares that were outstanding during the period. See Note 20 for additional information.
Foreign Currency	Foreign Currency The currency in which the Company prepares its financial statements (the “reporting currency”) is the U.S. dollar. Assets, liabilities and results of foreign operations are recorded based on the functional currency of each foreign operation. The determination of the functional currency is based on economic facts and circumstances pertaining to each foreign operation. The local currencies of the Company’s foreign operations are typically their functional currencies with the most significant exception being the Company’s Japanese operations where multiple functional currencies exist. There are two distinct processes for expressing these foreign transactions and balances in the Company’s financial statements: foreign currency measurement and foreign currency translation. Foreign currency measurement is the process by which transactions in foreign currencies are expressed in the functional currency. Gains and losses resulting from foreign currency measurement are reported in current earnings in “Other income (loss).” Foreign currency translation is the process of expressing a foreign entity’s functional currency financial statements in the reporting currency. Assets and liabilities of foreign operations and subsidiaries reported in currencies other than U.S. dollars are translated at the exchange rate in effect at the end of the period. Revenues, benefits and other expenses are translated at the average rate prevailing during the period. The effects of translating the statements of operations and financial position of non-U.S. entities with functional currencies other than the
Derivative Financial Instruments	Derivative Financial Instruments Derivatives are financial instruments whose values are derived from interest rates, foreign exchange rates, financial indices, values of securities or commodities, credit spreads, market volatility, expected returns, and liquidity. Values can also be affected by changes in estimates and assumptions, including those related to counterparty behavior and non-performance risk (“NPR”) used in valuation models. Derivative financial instruments generally used by the Company include swaps, futures, forwards and options and may be exchange-traded or contracted in the over-the-counter (“OTC”) market. Certain of the Company’s OTC derivatives are cleared and settled through central clearing counterparties (OTC-cleared), while others are bilateral contracts between two counterparties (OTC-bilateral). Derivative positions are carried at fair value, generally by obtaining quoted market prices or through the use of valuation models. Derivatives are used to manage the interest rate and currency characteristics of assets or liabilities and to mitigate volatility of expected non-functional currency earnings and net investments in foreign operations resulting from changes in currency exchange rates. Additionally, derivatives may be used to reduce exposure to interest rate, credit, foreign currency and equity risks associated with assets held or expected to be purchased or sold, and liabilities incurred or expected to be incurred. As discussed in detail below, and in Note 5, all realized and unrealized changes in fair value of derivatives are recorded in current earnings, with the exception of cash flow hedges and hedges of net investments in foreign operations. The Company may also enter into intercompany derivatives, the results of which ultimately eliminate in consolidation over the term of the instrument; however, where applicable, derivative results are included in business gross profits which may impact the pattern by which DAC and other assets are amortized. Cash flows from derivatives are reported in the operating, investing, or financing activities sections in the Consolidated Statements of Cash Flows based on the nature and purpose of the derivative. Derivatives are recorded either as assets, within “Other invested assets,” or as liabilities, within “Other liabilities,” except for embedded derivatives which are recorded with the associated host contract. The Company nets the fair value of all derivative financial instruments with counterparties for which a master netting arrangement has been executed. The Company designates derivatives as either (1) a hedge of the fair value of a recognized asset or liability or unrecognized firm commitment (“fair value” hedge); (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge); (3) a foreign currency fair value or cash flow hedge (“foreign currency” hedge); (4) a hedge of a net investment in a foreign operation; or (5) a derivative that does not qualify for hedge accounting. To qualify for hedge accounting treatment, a derivative must be highly effective in mitigating the designated risk of the hedged item. Effectiveness of the hedge is formally assessed at inception and throughout the life of the hedging relationship. The Company formally documents at inception all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives designated as fair value, cash flow, or foreign currency hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. Hedges of a net investment in a foreign operation are linked to the specific foreign operation. When a derivative is designated as a fair value hedge and is determined to be highly effective, changes in its fair value, along with changes in the fair value of the hedged asset or liability (including losses or gains on firm commitments), are reported on a net basis in the Consolidated Statements of Operations, generally in “Realized investment gains (losses), net.” When swaps are used in hedge accounting relationships, periodic settlements are recorded in the same Consolidated Statements of Operations line as the related settlements of the hedged items. When a derivative is designated as a cash flow hedge and is determined to be highly effective, changes in its fair value are recorded in AOCI until earnings are affected by the variability of cash flows being hedged (e.g., when periodic settlements on a variable-rate asset or liability are recorded in earnings). At that time, the related portion of deferred gains or losses on the derivative instrument is reclassified and reported in the Consolidated Statements of Operations line item associated with the hedged item. When a derivative is designated as a foreign currency hedge and is determined to be highly effective, changes in its fair value are recorded either in current period earnings if the hedge transaction is a fair value hedge (e.g., a hedge of a recognized foreign currency asset or liability) or in AOCI if the hedge transaction is a cash flow hedge (e.g., a foreign currency denominated forecasted transaction). When a derivative is used as a hedge of a net investment in a foreign operation, its change in fair value is accounted for in the same manner as a translation adjustment (i.e., reported in the cumulative translation adjustment account within AOCI). If it is determined that a derivative no longer qualifies as an effective fair value or cash flow hedge or management removes the hedge designation, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net.” In this scenario, the hedged asset or liability under a fair value hedge will no longer be adjusted for changes in fair value associated with the hedged risk and the existing basis adjustment is amortized to the Consolidated Statements of Operations line associated with the asset or liability. The component of AOCI related to discontinued cash flow hedges is reclassified to the Consolidated Statements of Operations line associated with the hedged cash flows consistent with the earnings impact of the original hedged cash flows. When hedge accounting is discontinued because the hedged item no longer meets the definition of a firm commitment, or because it is probable that the forecasted transaction will not occur by the end of the specified time period, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net.” Any asset or liability that was recorded pursuant to recognition of the firm commitment is removed from the balance sheet and recognized currently in “Realized investment gains (losses), net.” Gains and losses that were in AOCI pursuant to the cash flow hedge of a forecasted transaction are recognized immediately in “Realized investment gains (losses), net.” If a derivative does not qualify for hedge accounting, all changes in its fair value, including net receipts and payments, are included in “Realized investment gains (losses), net” without considering changes in the fair value of the economically associated assets or liabilities. The Company is a party to financial instruments that contain derivative instruments that are “embedded” in the financial instruments. At inception, the Company assesses whether the economic characteristics of the embedded instrument are clearly and closely related to the economic characteristics of the remaining component of the financial instrument (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When it is determined that (1) the embedded instrument possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded instrument qualifies as an embedded derivative that is separated from the host contract, carried at fair value, and changes in its fair value are included in “Realized investment gains (losses), net.” For certain financial instruments that contain an embedded derivative that otherwise would need to be bifurcated and reported at fair value, the Company may elect to carry the entire instrument at fair value and report it within “Other invested assets” or “Other liabilities.”
Reinsurance	Reinsurance For each of its reinsurance contracts, the Company determines if the contract provides indemnification against loss or liability relating to insurance risk in accordance with applicable accounting standards. The Company reviews all contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject or features that delay the timely reimbursement of claims. The Company participates in reinsurance arrangements in various capacities as either the ceding entity or as the reinsurer (i.e., assuming entity). See Note 14 for additional information about the Company’s reinsurance arrangements. Reinsurance assumed business is generally accounted for consistent with direct business. Amounts currently recoverable under reinsurance agreements are included in “Other assets” and amounts payable are included in “Other liabilities.” “Other assets” also includes recoverables from assumed modified coinsurance arrangements which generally reflects the fair value of the invested assets retained by the cedant and contains an embedded derivative that is bifurcated and accounted for separately from the host contract. Revenues and benefits and expenses include amounts assumed under reinsurance agreements and are reflected net of reinsurance ceded. Reinsurance ceded arrangements do not discharge the Company as the primary insurer. Ceded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements. Reinsurance recoverables are reported net of the CECL allowance. The CECL allowance considers the credit quality of the reinsurance counterparty and is generally determined based on the probability of default and loss given default assumptions, after considering any applicable collateral arrangements. Additions to or releases of the allowance are reported in “Policyholders’ benefits” . Reinsurance premiums, commissions, expense reimbursements, benefits and reserves related to reinsured long-duration contracts under coinsurance arrangements are accounted for over the life of the underlying reinsured contracts using assumptions consistent with those used to account for the underlying contracts. Coinsurance arrangements contrast with the Company’s yearly renewable term arrangements, where only mortality risk is transferred to the reinsurer and premiums are paid to the reinsurer to reinsure that risk . The mortality risk that is reinsured under yearly renewable term arrangements represents the difference between the stated death benefits in the underlying reinsured contracts and the corresponding reserves or account value carried by the Company on those same contracts. The premiums paid to the reinsurer are based upon negotiated amounts, not on the actual premiums paid by the underlying contract holders to the Company. As yearly renewable term arrangements are usually entered into by the Company with the expectation that the contracts will be in force for the lives of the underlying policies, they are considered to be long-duration reinsurance contracts. The cost of reinsurance for universal life products is generally recognized based on the gross assessments of the underlying direct policies. The cost of reinsurance for term insurance products is generally recognized in proportion to yearly renewable term premiums over the life of the underlying policies. The cost of reinsurance related to short-duration reinsurance contracts is accounted for over the reinsurance contract period.
Future Adoption Of New Accounting Pronouncements	ASU issued but not yet adopted as of December 31, 2022 — ASU 2018-12 ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts , was issued by the FASB on August 15, 2018, and was amended by ASU 2019-09, Financial Services - Insurance (Topic 944): Effective Date , issued in October 2019, and ASU 2020-11, Financial Services—Insurance (Topic 944): Effective Date and Early Application , issued in November 2020. The Company will adopt ASU 2018-12 effective January 1, 2023 using the modified retrospective transition method where permitted, and apply the guidance as of January 1, 2021 (and record transition adjustments as of January 1, 2021) in the 2023 financial statements. The Company has an established governance framework to manage the implementation of the standard. The Company has substantially completed its implementation efforts including, but not limited to, implementing refinements to key accounting policy decisions, modifications to actuarial valuation models, updates to data sourcing capabilities, automation of key financial reporting and analytical processes and updates to internal control over financial reporting and disclosure. ASU 2018-12 will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. The Company expects the standard to have a significant financial impact on its Consolidated Financial Statements and will significantly increase disclosures. As of the January 1, 2021 transition date, the Company estimates that the implementation of the standard will result in a decrease to “Retained earnings” of approximately $3 billion primarily from reclassifying the cumulative effect of changes in non-performance risk on market risk benefits from “Retained earnings” to “Accumulated other comprehensive income” (“AOCI”) and other changes in reserves, and will result in a decrease to AOCI of approximately $42 billion primarily from remeasuring in-force non-participating traditional and limited-pay insurance contract liabilities using upper-medium grade fixed income instrument yields as of the transition date. As of December 31, 2021, the estimated impacts amounted to a decrease to “Retained earnings” of approximately $2 billion and a decrease to AOCI of approximately $31 billion. As of September 30, 2022, the estimated impacts amounted to a decrease to “Retained earnings” of approximately $2 billion and an increase to AOCI of approximately $17 billion. The changes in the estimates impacting AOCI from January 1, 2021 to September 30, 2022 are primarily due to the increases in interest rates during 2021 and 2022. In addition to the impacts to the balance sheet, the Company also expects an impact to the pattern of earnings emergence following the transition date. Outlined below are four key areas of change, although there are other less significant policy changes not noted below. ASU 2018-12 Amended Topic Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires an entity to review and, if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) a full retrospective transition method. The Company will adopt this guidance effective January 1, 2023 using the modified retrospective transition method. As a result of the modified retrospective transition method, the Company expects the vast majority of the impact of updating cash flow assumptions as of the transition date to be reflected in the pattern of earnings in subsequent periods. The Company also expects some decrease to “Retained earnings” upon adoption from cash flow assumption updates isolated to the impact on certain issue year cohorts. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yield, which will be updated each quarter with the impact recorded through OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the discount rate assumptions. As noted above, an entity may choose either a modified retrospective transition method or full retrospective transition method for the liability for future policy benefits. Under either method, for balance sheet remeasurement purposes, the liability for future policy benefits will be remeasured using current discount rates as of either the beginning of the prior year (if early adoption is elected) or the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. As noted above, the Company will adopt the guidance for the liability for future policy benefits effective January 1, 2023 using the modified retrospective transition method. Based on interest rates as of September 30, 2022, the Company expects an increase to AOCI as a result of remeasuring in-force contract liabilities using upper-medium grade fixed income instrument yields. The adjustment will largely reflect the difference between discount rates locked-in at contract inception versus discount rates as of the adoption date. Amortization of deferred acquisition costs (DAC) and other balances Requires DAC and other balances, such as unearned revenue reserves and DSI, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. An entity may apply one of two adoption methods: (1) a modified retrospective transition method whereby the entity may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) if an entity chooses a full retrospective transition method for its liability for future policy benefits, as described above, it is required to also use a full retrospective transition method for DAC and other balances. The Company will adopt this guidance effective January 1, 2023 using the modified retrospective transition method. Under the modified retrospective transition method, the Company does not expect a significant impact to the balance sheet, other than the impact of the removal of any related amounts in AOCI. Market Risk Benefits (“MRB”) Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value, and record MRB assets and liabilities separately on the Consolidated Statements of Financial Position. Changes in fair value of market risk benefits are recorded in net income, except for the portion of the change in MRB liabilities attributable to changes in an entity’s NPR, which is recognized in OCI. An entity shall adopt the guidance for market risk benefits using the retrospective transition method, which includes a cumulative effect adjustment on the balance sheet as of either the beginning of prior year (if early adoption is elected) or the beginning of the earliest period presented. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the market risk benefits upon adoption. The Company will adopt this guidance effective January 1, 2023 using the retrospective transition method. Upon adoption, the Company expects a decrease to “Retained earnings” and offsetting increase to AOCI from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. There will also be an impact to “Retained earnings” for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., guaranteed minimum death benefits on variable annuities). ASU 2022-05, Financial Services – Insurance (Topic 944) Transition for Sold Contracts was issued on December 15, 2022, to amend the transition guidance in ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . The amendment allows an insurance entity to make an accounting policy election to not apply ASU 2018-12 to contracts or legal entities sold or disposed of before the effective date, and in which the insurance entity has no significant continuing involvement with the derecognized contracts. An insurance entity is permitted to apply the policy election on a transaction by transaction basis to each sale or disposal transaction. An insurance entity is required to disclose whether it has chosen to apply this accounting policy election and provide a qualitative description of the sale or disposal transactions to which the accounting policy election is applied. The Company does not currently intend to apply this accounting policy election. Other ASU issued but not yet adopted as of December 31, 2022 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2022-02 , Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and adds enhanced disclosure requirements for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty. Following adoption of the ASU, all loan refinancings and restructurings are subject to the modification guidance in ASC 310-20. This ASU also amends the guidance on the vintage disclosures to require disclosure of current-period gross write-offs by year of origination. January 1, 2023 using the prospective method with an option to apply a modified retrospective transition method for the recognition and measurement of TDRs which will include a cumulative effect adjustment on the balance sheet in the period of adoption. The Company does not expect the adoption of the ASU to have a significant impact on the Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Disclosure of Long Lived Assets and Liabilities Held-for-sale	The assets and liabilities of both the Full Service Retirement business and PALAC were classified as held-for-sale prior to completion of these dispositions. The table below reflects their carrying amounts as of December 31, 2021: December 31, 2021 Retirement Individual Total (in millions) Assets held-for-sale: Fixed maturities, available-for-sale, at fair value(1) $ 4,798 $ 8,771 $ 13,569 Fixed maturities, trading, at fair value 374 27 401 Assets supporting experience-rated contractholder liabilities, at fair value 18,818 0 18,818 Equity securities 0 322 322 Commercial mortgage and other loans(1) 5,068 1,497 6,565 Policy loans 0 12 12 Other invested assets 10 94 104 Short-term investments 3 875 878 Cash and cash equivalents 56 2,015 2,071 Accrued investment income 160 61 221 Deferred policy acquisition costs 100 1,097 1,197 Value of business acquired 185 30 215 Other assets(2) 674 10,644 11,318 Separate account assets 65,835 32,267 98,102 Total assets held-for-sale $ 96,081 $ 57,712 $ 153,793 Liabilities held-for-sale: Future policy benefits $ 157 $ 4,505 $ 4,662 Policyholders’ account balances 28,164 11,750 39,914 Other liabilities 374 8,307 8,681 Separate account liabilities 65,835 32,267 98,102 Total liabilities held-for-sale $ 94,530 $ 56,829 $ 151,359 __________ (1) Includes “Fixed maturities, available-for-sale, at fair value” with an allowance for credit losses of $1 million and “Commercial mortgage and other loans” net of allowance for credit losses of $15 million, as of December 31, 2021, respectively. (2) Includes $455 million of goodwill associated with the Retirement Full Service business as of December 31, 2021.

Investments (Tables)

Investments (Tables)	12 Months Ended
Investments (Tables)	Dec. 31, 2022
Investments [Abstract]
Fixed Maturities, Available-for-sale, Debt Securities	The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: December 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 29,372 $ 1,110 $ 4,413 $ 0 $ 26,069 Obligations of U.S. states and their political subdivisions 10,179 238 728 0 9,689 Foreign government bonds 74,103 4,503 5,379 1 73,226 U.S. public corporate securities 99,854 1,311 13,563 16 87,586 U.S. private corporate securities(1) 39,867 507 3,438 57 36,879 Foreign public corporate securities 22,235 416 1,945 19 20,687 Foreign private corporate securities 32,755 150 5,201 44 27,660 Asset-backed securities(2) 12,972 166 286 1 12,851 Commercial mortgage-backed securities 11,497 19 861 0 10,655 Residential mortgage-backed securities(3) 2,613 29 225 0 2,417 Total fixed maturities, available-for-sale(1) $ 335,447 $ 8,449 $ 36,039 $ 138 $ 307,719 __________ (1) Excludes notes with amortized cost of $8,040 million (fair value, $8,040 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement. December 31, 2021 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 26,231 $ 5,958 $ 31 $ 0 $ 32,158 Obligations of U.S. states and their political subdivisions 10,445 1,781 8 0 12,218 Foreign government bonds 83,363 11,842 529 7 94,669 U.S. public corporate securities 98,836 13,721 390 12 112,155 U.S. private corporate securities(2) 35,019 2,583 162 58 37,382 Foreign public corporate securities 24,877 2,571 118 21 27,309 Foreign private corporate securities 28,047 1,448 442 16 29,037 Asset-backed securities(3) 11,402 137 14 0 11,525 Commercial mortgage-backed securities 12,490 631 22 0 13,099 Residential mortgage-backed securities(4) 2,749 123 14 0 2,858 Total fixed maturities, available-for-sale(1)(2) $ 333,459 $ 40,795 $ 1,730 $ 114 $ 372,410 __________ (1) Excludes “Assets held-for-sale” with amortized cost of $13,145 million, fair value of $13,569 million, unrealized gains of $572 million, unrealized losses of $147 million and allowance for credit losses of $1 million. See Note 1 for additional information. (2) Excludes notes with amortized cost of $5,941 million (fair value, $5,995 million), which have been offset with the associated debt under a netting agreement. (3) Includes credit-tranched securities collateralized loan obligations, education loans, auto loans, credit cards and other asset types. (4) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (5) Excludes notes with amortized cost of $4,750 million (fair value, $5,394 million), which have been offset with the associated debt under a netting agreement.
Fixed Maturities, Held-to-maturity Securities	December 31, 2022 Amortized Gross Gross Fair Allowance Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 725 $ 128 $ 0 $ 853 $ 0 $ 725 Foreign public corporate securities 430 24 0 454 2 428 Foreign private corporate securities 0 0 0 0 0 0 Residential mortgage-backed securities(3) 143 5 0 148 0 143 Total fixed maturities, held-to-maturity(4) $ 1,298 $ 157 $ 0 $ 1,455 $ 2 $ 1,296 __________ (1) Excludes notes with amortized cost of $8,040 million (fair value, $8,040 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement. December 31, 2021 Amortized Gross Gross Fair Allowance Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 833 $ 221 $ 0 $ 1,054 $ 0 $ 833 Foreign public corporate securities 486 49 0 535 5 481 Foreign private corporate securities 9 0 0 9 0 9 Residential mortgage-backed securities(4) 191 14 0 205 0 191 Total fixed maturities, held-to-maturity(5) $ 1,519 $ 284 $ 0 $ 1,803 $ 5 $ 1,514 __________ (1) Excludes “Assets held-for-sale” with amortized cost of $13,145 million, fair value of $13,569 million, unrealized gains of $572 million, unrealized losses of $147 million and allowance for credit losses of $1 million. See Note 1 for additional information. (2) Excludes notes with amortized cost of $5,941 million (fair value, $5,995 million), which have been offset with the associated debt under a netting agreement. (3) Includes credit-tranched securities collateralized loan obligations, education loans, auto loans, credit cards and other asset types. (4) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (5) Excludes notes with amortized cost of $4,750 million (fair value, $5,394 million), which have been offset with the associated debt under a netting agreement.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: December 31, 2022 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 18,009 $ 3,143 $ 2,563 $ 1,270 $ 20,572 $ 4,413 Obligations of U.S. states and their political subdivisions 5,510 526 558 202 6,068 728 Foreign government bonds 16,932 2,384 9,877 2,971 26,809 5,355 U.S. public corporate securities 58,816 7,790 15,780 5,726 74,596 13,516 U.S. private corporate securities 24,610 2,065 6,705 1,373 31,315 3,438 Foreign public corporate securities 10,168 932 4,098 993 14,266 1,925 Foreign private corporate securities 16,909 2,521 8,196 2,678 25,105 5,199 Asset-backed securities 5,385 130 5,059 156 10,444 286 Commercial mortgage-backed securities 9,289 655 1,080 206 10,369 861 Residential mortgage-backed securities 1,322 130 402 93 1,724 223 Total fixed maturities, available-for-sale $ 166,950 $ 20,276 $ 54,318 $ 15,668 $ 221,268 $ 35,944 December 31, 2021 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,521 $ 15 $ 269 $ 16 $ 1,790 $ 31 Obligations of U.S. states and their political subdivisions 289 5 71 3 360 8 Foreign government bonds 4,534 244 6,945 282 11,479 526 U.S. public corporate securities 12,403 219 2,947 152 15,350 371 U.S. private corporate securities 4,362 84 848 78 5,210 162 Foreign public corporate securities 3,652 76 802 42 4,454 118 Foreign private corporate securities 6,350 270 1,604 169 7,954 439 Asset-backed securities 6,568 13 170 1 6,738 14 Commercial mortgage-backed securities 921 11 263 11 1,184 22 Residential mortgage-backed securities 751 13 18 1 769 14 Total fixed maturities, available-for-sale(1) $ 41,351 $ 950 $ 13,937 $ 755 $ 55,288 $ 1,705 __________ (1) Excludes “Assets held-for-sale” with fair value of $4,644 million and gross unrealized losses of $147 million. See Note 1 for additional information.
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost or amortized cost, net of allowance and fair value of fixed maturities by contractual maturities, as of the date indicated: December 31, 2022 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (in millions) Fixed maturities: Due in one year or less $ 8,859 $ 9,025 $ 0 $ 0 Due after one year through five years 50,717 49,713 428 454 Due after five years through ten years 65,682 62,449 17 18 Due after ten years(1) 183,107 160,609 708 835 Asset-backed securities 12,972 12,851 0 0 Commercial mortgage-backed securities 11,497 10,655 0 0 Residential mortgage-backed securities 2,613 2,417 143 148 Total $ 335,447 $ 307,719 $ 1,296 $ 1,455 __________ (1) Excludes available-for-sale notes with amortized cost of $8,040 million (fair value, $8,040 million) and held-to-maturity notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement.
Sources of Fixed Maturity Proceeds and Related Investment Gains (Losses) as well as Losses on Impairments	The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Years Ended December 31, 2022 2021 2020 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 33,010 $ 36,333 $ 21,013 Proceeds from maturities/prepayments 17,957 27,976 23,563 Gross investment gains from sales and maturities 1,240 2,565 1,690 Gross investment losses from sales and maturities (2,589) (648) (524) Write-downs recognized in earnings(2) (116) (1) (304) (Addition to) release of allowance for credit losses (24) 19 (133) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 37 $ 239 $ 88 (Addition to) release of allowance for credit losses 2 4 0 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(144) million, $450 million and $(470) million for the years ended December 31, 2022, 2021 and 2020, respectively. (2) Amounts represent write-downs on credit adverse securities and securities actively marketed for sale. In addition, for the year ended December 31, 2020, amount includes write-downs on securities approaching maturities related to foreign exchange movements. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of less than $1 million, less than $(1) million and less than $(1) million for the years ended December 31, 2022, 2021 and 2020, respectively.
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Year Ended December 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 7 $ 107 $ 0 $ 0 $ 0 $ 114 Additions to allowance for credit losses not previously recorded 0 11 109 4 0 0 124 Reductions for securities sold during the period 0 (6) (80) 0 0 0 (86) Reductions for securities with intent to sell 0 (13) (68) 0 0 0 (81) Additions (reductions) on securities with previous allowance 0 2 68 (3) 0 0 67 Balance, end of period $ 0 $ 1 $ 136 $ 1 $ 0 $ 0 $ 138 Year Ended December 31, 2021 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 123 $ 0 $ 10 $ 0 $ 133 Additions to allowance for credit losses not previously recorded 0 7 89 0 0 0 96 Reductions for securities sold during the period 0 0 (48) 0 (9) 0 (57) Additions (reductions) on securities with previous allowance 0 0 (56) 0 (1) 0 (57) Reclassified to “Assets held-for sale”(1) . 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 7 $ 107 $ 0 $ 0 $ 0 $ 114 __________ (1) See Note 1 for additional information. Year Ended December 31, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Additions to allowance for credit losses not previously recorded 0 39 255 0 1 0 295 Reductions for securities sold during the period 0 (39) (126) 0 0 0 (165) Additions (reductions) on securities with previous allowance 0 0 5 0 9 0 14 Write-downs charged against the allowance 0 0 (11) 0 0 0 (11) Balance, end of period $ 0 $ 0 $ 123 $ 0 $ 10 $ 0 $ 133 Year Ended December 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 5 $ 0 $ 0 $ 0 $ 5 Current period provision for expected losses 0 0 (2) 0 0 0 (2) Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Year Ended December 31, 2021 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 Current period provision for expected losses. 0 0 (3) 0 0 0 (3) Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 5 $ 0 $ 0 $ 0 $ 5 Year Ended December 31, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Cumulative effect of adoption of ASU 2016-13 0 0 9 0 0 0 9 Balance, end of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9
Assets Supporting Experience-Rated Contractholder Liabilities	The following table sets forth the composition of “Assets supporting experience-rated contractholder liabilities,” as of the dates indicated: December 31, 2022 December 31, 2021 Assets Held-for-Sale(1) Amortized Fair Amortized Fair Amortized Fair (in millions) Short-term investments and cash equivalents $ 0 $ 0 $ 30 $ 30 $ 786 $ 786 Fixed maturities: Corporate securities 91 88 101 103 12,112 12,463 Commercial mortgage-backed securities 0 0 0 0 1,799 1,830 Residential mortgage-backed securities(2) 0 0 0 0 658 683 Asset-backed securities(3) 0 0 0 0 2,079 2,093 Foreign government bonds 705 668 761 761 240 237 U.S. government authorities and agencies and obligations of U.S. states 188 189 182 193 344 400 Total fixed maturities(4) 984 945 1,044 1,057 17,232 17,706 Equity securities 1,628 1,899 1,787 2,271 328 326 Total assets supporting experience-rated contractholder liabilities(5) $ 2,612 $ 2,844 $ 2,861 $ 3,358 $ 18,346 $ 18,818 __________ (1) See Note 1 for additional information. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Includes collateralized loan obligations, auto loans, education loans, home equity and other asset types. Collateralized loan obligations at fair value, was $1,607 million including “Assets held-for-sale” as of December 31, 2021, all of which were rated AA or above. (4) As a percentage of amortized cost, 98% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of December 31, 2022. As a percentage of amortized cost, 97% of the portfolio including “Asset held-for-sale” was considered high or highest quality based on NAIC or equivalent ratings, as of December 31, 2021. (5) As a percentage of amortized cost, all of the portfolio consisted of public securities, as of December 31, 2022. As a percentage of amortized cost, 95% of the portfolio including “Assets held-for-sale” consisted of public securities, as of December 31, 2021.
Securities Concentrations of Credit Risk	As of the dates indicated, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s equity included securities of the U.S. government and certain U.S. government agencies and securities guaranteed by the U.S. government, as well as the securities disclosed below: December 31, 2022 December 31, 2021 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 65,198 $ 64,959 $ 73,681 $ 83,382 Fixed maturities, held-to-maturity 706 831 812 1,026 Fixed maturities, trading 20 19 23 23 Assets supporting experience-rated contractholder liabilities 613 587 983 977 Total $ 66,537 $ 66,396 $ 75,499 $ 85,408 December 31, 2022 December 31, 2021 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,264 $ 2,010 $ 1,982 $ 1,866 Short-term investments 60 61 1 1 Cash equivalents 210 210 133 133 Total $ 2,534 $ 2,281 $ 2,116 $ 2,000
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: December 31, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 9,096 16.2 % $ 10,225 17.6 % Retail 6,103 10.8 6,779 11.7 Apartments/Multi-Family 15,381 27.3 16,742 28.8 Industrial 13,079 23.2 13,009 22.4 Hospitality 2,027 3.6 1,876 3.2 Other 3,791 6.7 3,936 6.8 Total commercial mortgage loans 49,477 87.8 52,567 90.5 Agricultural property loans 6,857 12.2 5,520 9.5 Total commercial mortgage and agricultural property loans 56,334 100.0 % 58,087 100.0 % Allowance for credit losses (201) (115) Total net commercial mortgage and agricultural property loans 56,133 57,972 Other loans: Uncollateralized loans 463 561 Residential property loans 43 67 Other collateralized loans 108 70 Total other loans 614 698 Allowance for credit losses (2) (4) Total net other loans 612 694 Total net commercial mortgage and other loans(1)(2) $ 56,745 $ 58,666 __________ (1) Excludes “Assets held-for-sale” of $6,565 million net of allowance for credit losses of $15 million as of December 31, 2021. See Note 1 for additional information. (2) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of December 31, 2022 and 2021, the net carrying value of these loans was $137 million and $1,263 million, respectively.
Allowance for Credit Losses	The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance at December 31, 2019 $ 114 $ 3 $ 0 $ 0 $ 4 $ 121 Cumulative effect of adoption of ASU 2016-13 110 5 0 0 0 115 Addition to (release of) allowance for expected losses 1 1 0 0 1 3 Write-downs charged against allowance (7) 0 0 0 0 (7) Other 0 0 0 3 0 3 Balance at December 31, 2020 218 9 0 3 5 235 Addition to (release of) allowance for expected losses (92) (5) 0 0 (1) (98) Reclassified to “Asset held-for-sale”(1) (15) 0 0 0 0 (15) Other 0 0 0 (3) 0 (3) Balance at December 31, 2021 111 4 0 0 4 119 Addition to (release of) allowance for expected losses 72 9 0 0 (1) 80 Other 5 0 0 0 (1) 4 Balance at December 31, 2022 $ 188 $ 13 $ 0 $ 0 $ 2 $ 203 __________ (1) See Note 1 for additional information.
Financing Receivable Credit Quality Indicators	The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the date indicated: December 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 971 $ 1,747 $ 1,282 $ 2,831 $ 4,697 $ 15,111 $ 0 $ 26,639 60%-69.99% 1,997 3,502 1,553 2,804 1,732 3,780 0 15,368 70%-79.99% 865 1,127 519 1,025 645 1,445 0 5,626 80% or greater 2 26 7 119 24 1,666 0 1,844 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 3,249 $ 6,135 $ 3,013 $ 5,749 $ 6,505 $ 18,318 $ 0 $ 42,969 1.0 - 1.2x 586 252 164 454 383 2,183 0 4,022 Less than 1.0x 0 15 184 576 210 1,501 0 2,486 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Agricultural property loan Loan-to-Value Ratio: 0%-59.99% $ 931 $ 1,994 $ 853 $ 461 $ 326 $ 1,348 $ 74 $ 5,987 60%-69.99% 675 85 8 47 8 0 0 823 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 13 34 0 47 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 1,593 $ 2,035 $ 781 $ 507 $ 323 $ 1,272 $ 74 $ 6,585 1.0 - 1.2x 5 44 80 0 6 68 0 203 Less than 1.0x 8 0 0 1 18 42 0 69 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Total(1) (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 1,287 $ 467 $ 2,459 $ 3,211 $ 3,072 $ 14,011 $ 0 $ 24,507 60%-69.99% 3,101 1,941 4,124 3,631 1,356 4,161 0 18,314 70%-79.99% 2,497 1,207 1,327 1,059 631 2,108 0 8,829 80% or greater 184 39 7 62 50 575 0 917 Total $ 7,069 $ 3,654 $ 7,917 $ 7,963 $ 5,109 $ 20,855 $ 0 $ 52,567 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 6,803 $ 3,356 $ 6,828 $ 7,384 $ 4,445 $ 16,864 $ 0 $ 45,680 1.0 - 1.2x 266 154 662 478 234 2,069 0 3,863 Less than 1.0x 0 144 427 101 430 1,922 0 3,024 Total $ 7,069 $ 3,654 $ 7,917 $ 7,963 $ 5,109 $ 20,855 $ 0 $ 52,567 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 1,958 $ 887 $ 494 $ 334 $ 370 $ 1,226 $ 80 $ 5,349 60%-69.99% 92 5 29 37 0 0 0 163 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 3 5 0 0 0 0 8 Total $ 2,050 $ 895 $ 528 $ 371 $ 370 $ 1,226 $ 80 $ 5,520 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 2,007 $ 870 $ 517 $ 364 $ 312 $ 1,121 $ 80 $ 5,271 1.0 - 1.2x 43 25 10 1 58 41 0 178 Less than 1.0x 0 0 1 6 0 64 0 71 Total $ 2,050 $ 895 $ 528 $ 371 $ 370 $ 1,226 $ 80 $ 5,520 __________ (1) Excludes “Assets held-for-sale” of $6,580 million. See Note 1 for additional information.
Aging of Past Due Commercial Mortgage and Other Loans and Nonaccrual Status	The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: December 31, 2022 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 49,465 $ 0 $ 3 $ 9 $ 12 $ 49,477 $ 11 Agricultural property loans 6,844 0 11 2 13 6,857 17 Residential property loans 43 0 0 0 0 43 0 Other collateralized loans 108 0 0 0 0 108 0 Uncollateralized loans 463 0 0 0 0 463 0 Total $ 56,923 $ 0 $ 14 $ 11 $ 25 $ 56,948 $ 28 __________ (1) As of December 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2. December 31, 2021 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 52,565 $ 0 $ 0 $ 2 $ 2 $ 52,567 $ 2 Agricultural property loans 5,520 0 0 0 0 5,520 19 Residential property loans 66 0 0 1 1 67 1 Other collateralized loans 70 0 0 0 0 70 0 Uncollateralized loans 561 0 0 0 0 561 0 Total(3) $ 58,782 $ 0 $ 0 $ 3 $ 3 $ 58,785 $ 22 __________ (1) As of December 31, 2021, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2. (3) Excludes “Assets held-for-sale” of $6,580 million. See Note 1 for additional information.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: December 31, 2022 2021 (in millions) LPs/LLCs: Equity method: Private equity $ 7,215 $ 6,509 Hedge funds 3,220 2,797 Real estate-related 2,793 2,370 Subtotal equity method 13,228 11,676 Fair value: Private equity 1,476 1,852 Hedge funds 1,908 2,119 Real estate-related 305 319 Subtotal fair value 3,689 4,290 Total LPs/LLCs 16,917 15,966 Real estate held through direct ownership(1) 1,617 1,789 Derivative instruments 1,457 3,280 Other(2) 1,108 798 Total other invested assets(3) $ 21,099 $ 21,833 __________ (1) As of December 31, 2022 and 2021, real estate held through direct ownership had mortgage debt of $208 million and $274 million, respectively. (2) Primarily includes equity investments accounted for under the measurement alternative, strategic investments made by investment management operations, leveraged leases and member and activity stock held in the Federal Home Loan Bank of New York. For additional information regarding the Company’s holdings in the Federal Home Loan Bank of New York, see Note 17. (3) Excludes “Assets held-for-sale” of $104 million as of December 31, 2021. See Note 1 for additional information.
Equity Method Investments	The following tables set forth summarized combined financial information for significant LP/LLC interests accounted for under the equity method, including the Company’s investments in operating joint ventures that are described in more detail in Note 9. Changes between periods in the tables below reflect changes in the activities within the operating joint ventures and LPs/LLCs, as well as changes in the Company’s level of investment in such entities: December 31, 2022 2021 (in millions) STATEMENTS OF FINANCIAL POSITION Total assets(1) $ 707,192 $ 689,767 Total liabilities(2) $ 83,634 $ 111,189 Partners’ capital 623,558 578,578 Total liabilities and partners’ capital $ 707,192 $ 689,767 Total liabilities and partners’ capital included above $ 13,683 $ 12,141 Equity in LP/LLC interests not included above 726 852 Carrying value(3) $ 14,409 $ 12,993 __________ (1) Amount represents gross assets of each fund where the Company has a significant investment. These assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Amount represents gross liabilities of each fund where the Company has a significant investment. These liabilities consist primarily of third-party-borrowed funds, securities repurchase agreements and other miscellaneous liabilities. (3) Excludes “Assets held-for-sale” of $81 million as of December 31, 2021. See Note 1 for additional information. Years Ended December 31, 2022 2021 2020 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 28,299 $ 128,429 $ 42,964 Total expenses(2) (3,608) (21,235) (8,887) Net earnings (losses) $ 24,691 $ 107,194 $ 34,077 Equity in net earnings (losses) included above $ 641 $ 2,085 $ 744 Equity in net earnings (losses) of LP/LLC interests not included above 16 161 28 Total equity in net earnings (losses) $ 657 $ 2,246 $ 772 __________ (1) Amount represents gross revenue of each fund where the Company has a significant investment. This revenue consists of income from investments in real estate, investments in securities and other income. (2) Amount represents gross expenses of each fund where the Company has a significant investment. These expenses consist primarily of interest expense, investment management fees, salary expenses and other expenses. The following table sets forth information related to the Company’s investments in operating joint ventures as of and for the years ended December 31: 2022 2021(1) 2020 (in millions) Investment in operating joint ventures $ 1,181 $ 1,317 $ 1,394 Dividends received from operating joint ventures $ 81 $ 116 $ 60 After-tax equity in earnings of operating joint ventures $ (56) $ 87 $ 96 __________ (1) In March of 2021, the Company sold its 35% ownership stake in Pramerica SGR, an asset management joint venture within PGIM. See Note 1 for additional information regarding this disposition.
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: December 31, 2022 2021 (in millions) Fixed maturities $ 2,517 $ 2,398 Equity securities 6 5 Commercial mortgage and other loans 190 175 Policy loans 253 253 Other invested assets 18 22 Short-term investments and cash equivalents 28 2 Total accrued investment income(1) $ 3,012 $ 2,855 __________ (1) Excludes “Assets held-for-sale” of $221 million as of December 31, 2021. See Note 1 for additional information.
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Years Ended December 31, 2022 2021 2020 (in millions) Fixed maturities, available-for-sale(1) $ 11,773 $ 11,999 $ 12,339 Fixed maturities, held-to-maturity(1) 213 226 235 Fixed maturities, trading 233 193 126 Assets supporting experience-rated contractholder liabilities 167 601 700 Equity securities 160 162 162 Commercial mortgage and other loans 2,196 2,552 2,485 Policy loans 499 533 584 Other invested assets 1,240 2,617 1,318 Short-term investments and cash equivalents 406 63 197 Gross investment income 16,887 18,946 18,146 Less: investment expenses (850) (659) (736) Net investment income $ 16,037 $ 18,287 $ 17,410 __________
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Years Ended December 31, 2022 2021 2020 (in millions) Fixed maturities(1) $ (1,487) $ 1,939 $ 729 Commercial mortgage and other loans (133) 173 103 Investment real estate 83 108 (16) LPs/LLCs (120) (14) 2 Derivatives (1,713) 1,796 (4,715) Other 1 22 10 Realized investment gains (losses), net $ (3,369) $ 4,024 $ (3,887) _________ (1) Includes fixed maturity securities classified as available-for-sale and held-to-maturity and excludes fixed maturity securities classified as trading.
Net Unrealized Gains (Losses) on Investment	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: December 31, 2022 2021 2020 (in millions) Fixed maturity securities, available-for-sale with an allowance(1) $ (45) $ 23 $ (25) Fixed maturity securities, available-for-sale without an allowance(1) (27,545) 39,467 58,593 Derivatives designated as cash flow hedges(2) 2,616 1,019 (168) Derivatives designated as fair value hedges(2) (54) (35) 10 Other investments(3) 2 (7) 7 Net unrealized gains (losses) on investments $ (25,026) $ 40,467 $ 58,417 __________ (1) Includes net unrealized gains of $425 million on “Assets held-for-sale” as of December 31, 2021. (2) For additional information regarding cash flow and fair value hedges, see Note 5. (3) As of December 31, 2022, there were no net unrealized losses on held-to-maturity securities that were previously transferred from available-for-sale. Includes net unrealized gains on certain joint ventures that are strategic in nature and are included in “Other assets.”
Repurchase Agreements and Securities Lending	The following table sets forth the composition of “Securities sold under agreements to repurchase,” as of the dates indicated: December 31, 2022 December 31, 2021 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Total Overnight & Continuous Up to 30 Days 30 to 90 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 6,179 $ 200 $ 200 $ 6,579 $ 9,044 $ 0 $ 438 $ 9,482 Commercial mortgage-backed securities 0 0 0 0 486 0 0 486 Residential mortgage-backed securities 10 0 0 10 217 0 0 217 Total securities sold under agreements to repurchase $ 6,189 $ 200 $ 200 $ 6,589 $ 9,747 $ 0 $ 438 $ 10,185 The following table sets forth the composition of “Cash collateral for loaned securities” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: December 31, 2022 December 31, 2021 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1 $ 0 $ 1 $ 1 $ 0 $ 1 Obligations of U.S. states and their political subdivisions 61 0 61 84 0 84 Foreign government bonds 285 14 299 205 0 205 U.S. public corporate securities 4,109 395 4,504 2,834 0 2,834 Foreign public corporate securities 806 69 875 643 0 643 Equity securities 360 0 360 484 0 484 Total cash collateral for loaned securities(1) $ 5,622 $ 478 $ 6,100 $ 4,251 $ 0 $ 4,251 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.
Securities Pledged	The following table sets forth the carrying value of investments pledged to third parties, as of the dates indicated: December 31, 2022 2021 (in millions) Fixed maturities(1) $ 21,339 $ 16,411 Fixed maturities, trading 30 0 Assets supporting experience-rated contractholder liabilities 0 34 Separate account assets 2,606 2,673 Equity securities 719 868 Other 355 319 Total securities pledged(2) $ 25,049 $ 20,305 __________ (1) Includes fixed maturity securities classified as available-for-sale and held-to-maturity and excludes fixed maturity securities classified as trading. (2) These assets are reported on the Company's Consolidated Statement of Financial Position. The following table sets forth the carrying amount of the associated liabilities supported by the pledged collateral, as of the dates indicated: December 31, 2022 2021 (in millions) Securities sold under agreements to repurchase $ 6,589 $ 10,185 Cash collateral for loaned securities 6,100 4,251 Separate account liabilities 2,703 2,737 Long-term debt 29 0 Total liabilities supported by the pledged collateral $ 15,421 $ 17,173 The following table provides assets on deposit, assets held in trust, and securities restricted as to sale, as of the dates indicated: December 31, 2022 2021 (in millions) Assets on deposit with governmental authorities or trustees $ 10 $ 33 Assets held in voluntary trusts(1) 476 484 Assets held in trust related to reinsurance and other agreements(2) 12,815 16,235 Securities restricted as to sale(3) 149 86 Total assets on deposit, assets held in trust and securities restricted as to sale(4) $ 13,450 $ 16,838 __________ (1) Represents assets held in voluntary trusts established primarily to fund guaranteed dividends to certain policyholders and to fund certain employee benefits. (2) Represents assets held in trust related to reinsurance agreements excluding reinsurance agreements between wholly-owned subsidiaries. Assets valued at $26.0 billion and $28.4 billion were held in trust related to reinsurance agreements between wholly-owned subsidiaries as of December 31, 2022 and 2021, respectively. (3) Includes member and activity stock associated with memberships in the Federal Home Loan Banks of New York. (4) Includes $553 million “Assets held-for-sale” related to the sales of PALAC and Full Service Retirement Business as of December 31, 2021.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
Variable Interest Entities (Tables)	Dec. 31, 2022
Variable Interest Entity, Measure of Activity [Abstract]
Schedule of Consolidated Variable Interest Entities	The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for which Other Consolidated VIEs(1) December 31, December 31, 2022 2021 2022 2021 (in millions) Fixed maturities, available-for-sale $ 398 $ 200 $ 90 $ 262 Fixed maturities, held-to-maturity 0 9 689 790 Fixed maturities, trading 164 178 0 0 Equity securities 85 79 0 0 Commercial mortgage and other loans 784 915 0 0 Other invested assets 3,397 2,846 68 138 Cash and cash equivalents 375 128 0 0 Accrued investment income 2 1 3 3 Other assets 352 499 706 785 Total assets of consolidated VIEs $ 5,557 $ 4,855 $ 1,556 $ 1,978 Other liabilities $ 389 $ 505 $ 0 $ 2 Notes issued by consolidated VIEs(2) 374 274 0 0 Total liabilities of consolidated VIEs $ 763 $ 779 $ 0 $ 2 __________ (1) Total assets of consolidated VIEs reflect $3,403 million and $2,885 million as of December 31, 2022 and 2021, respectively, related to VIEs whose beneficial interests are wholly-owned by consolidated subsidiaries. (2) Recourse is limited to the assets of the respective VIE and does not extend to the general credit of the Company. As of December 31, 2022, the maturities of these obligations were betwee n 1 and 10 years.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
Derivative Instruments (Tables)	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below provides a summary of the gross notional amount and fair value of derivatives contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account of the netting effects of master netting agreements and cash collateral. This netting impact results in total derivative assets of $1,455 million and $3,266 million as of December 31, 2022 and 2021, respectively, and total derivative liabilities of $3,055 million and $2,278 million as of December 31, 2022 and 2021, respectively, reflected in the Consolidated Statements of Financial Position. December 31, 2022 December 31, 2021 Primary Underlying Risk/ Gross Fair Value Gross Fair Value Notional Assets Liabilities Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,627 $ 66 $ (245) $ 3,591 $ 805 $ (69) Interest Rate Forwards 398 0 (85) 248 15 (2) Foreign Currency Foreign Currency Forwards 4,830 155 (262) 4,789 62 (107) Currency/Interest Rate Foreign Currency Swaps 25,636 3,469 (333) 21,272 1,151 (193) Total Derivatives Designated as Hedge $ 34,491 $ 3,690 $ (925) $ 29,900 $ 2,033 $ (371) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 212,934 $ 9,097 $ (21,154) $ 196,124 $ 10,515 $ (14,430) Interest Rate Futures 18,080 13 (24) 17,429 76 (9) Interest Rate Options 9,778 224 (280) 15,353 710 (265) Interest Rate Forwards 2,354 21 (42) 4,709 41 (11) Foreign Currency Foreign Currency Forwards 31,317 1,556 (1,924) 28,235 1,046 (1,209) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 8,410 813 (170) 12,683 751 (216) Credit Credit Default Swaps 6,351 27 (57) 3,489 128 (1) Equity Equity Futures 1,372 1 (2) 6,178 1 (10) Equity Options 38,323 708 (1,590) 60,057 2,065 (2,640) Total Return Swaps 11,806 106 (184) 13,850 49 (430) Other Other(1) 1,250 0 0 1,255 0 0 Synthetic GICs 84,338 1 (1) 81,984 1 0 Total Derivatives Not Qualifying as Hedge $ 426,313 $ 12,567 $ (25,428) $ 441,346 $ 15,383 $ (19,221) Total Derivatives(2)(3)(4) $ 460,804 $ 16,257 $ (26,353) $ 471,246 $ 17,416 $ (19,592) __________ (1) “Other” primarily includes derivative contracts used to improve the balance of the Company’s tail longevity and mortality risk. Under these contracts, the Company’s gains (losses) are capped at the notional amount. (2) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $7,718 million and $10,245 million as of December 31, 2022, and 2021, respectively, primarily included in “Future policy benefits” and "Policyholder account balances". (3) Recorded in “Other invested assets” and “Other liabilities” on the Consolidated Statements of Financial Position. (4) Excludes “Assets held-for-sale” with fair value of $1,643 million and “Liabilities held-for-sale” with fair value of $1,503 million with outstanding gross notional amounts of $41,179 million as of December 31, 2021. See Note 1 for additional information.
Schedule of financial instruments in a fair value hedge accounting relationship	As of December 31, 2022, the following amounts were recorded on the Consolidated Statements of Financial Position related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges: December 31, 2022 December 31, 2021 Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of (in millions) Fixed maturities, available-for-sale, at fair value $ 297 $ 27 $ 641 $ 63 Commercial mortgage and other loans $ 0 $ 0 $ 17 $ 1 Policyholders’ account balances $ (966) $ 217 $ (1,552) $ (170) Future policy benefits $ (2,354) $ 391 $ (3,001) $ (279) ________ (1) There were no material fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued.
Offsetting Assets	The following tables present recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position: December 31, 2022 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,178 $ (14,802) $ 1,376 $ (702) $ 674 Securities purchased under agreement to resell 385 0 385 (385) 0 Total Assets $ 16,563 $ (14,802) $ 1,761 $ (1,087) $ 674 Offsetting of Financial Liabilities: Derivatives $ 26,352 $ (23,298) $ 3,054 $ (3,054) $ 0 Securities sold under agreement to repurchase 6,589 0 6,589 (6,589) 0 Total Liabilities $ 32,941 $ (23,298) $ 9,643 $ (9,643) $ 0 December 31, 2021 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets(2): Derivatives $ 17,272 $ (14,150) $ 3,122 $ (802) $ 2,320 Securities purchased under agreement to resell 704 0 704 (704) 0 Total Assets $ 17,976 $ (14,150) $ 3,826 $ (1,506) $ 2,320 Offsetting of Financial Liabilities(2): Derivatives $ 19,587 $ (17,314) $ 2,273 $ (797) $ 1,476 Securities sold under agreement to repurchase 10,185 0 10,185 (9,699) 486 Total Liabilities $ 29,772 $ (17,314) $ 12,458 $ (10,496) $ 1,962 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. (2) Excludes “Assets held-for-sale” with fair value of $1,643 million and “Liabilities held-for-sale” with fair value of $1,503 million as of December 31, 2021. See Note 1 for additional information.
Offsetting Liabilities	The following tables present recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position: December 31, 2022 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,178 $ (14,802) $ 1,376 $ (702) $ 674 Securities purchased under agreement to resell 385 0 385 (385) 0 Total Assets $ 16,563 $ (14,802) $ 1,761 $ (1,087) $ 674 Offsetting of Financial Liabilities: Derivatives $ 26,352 $ (23,298) $ 3,054 $ (3,054) $ 0 Securities sold under agreement to repurchase 6,589 0 6,589 (6,589) 0 Total Liabilities $ 32,941 $ (23,298) $ 9,643 $ (9,643) $ 0 December 31, 2021 Gross Gross Net Amounts Financial Net (in millions) Offsetting of Financial Assets(2): Derivatives $ 17,272 $ (14,150) $ 3,122 $ (802) $ 2,320 Securities purchased under agreement to resell 704 0 704 (704) 0 Total Assets $ 17,976 $ (14,150) $ 3,826 $ (1,506) $ 2,320 Offsetting of Financial Liabilities(2): Derivatives $ 19,587 $ (17,314) $ 2,273 $ (797) $ 1,476 Securities sold under agreement to repurchase 10,185 0 10,185 (9,699) 486 Total Liabilities $ 29,772 $ (17,314) $ 12,458 $ (10,496) $ 1,962 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. (2) Excludes “Assets held-for-sale” with fair value of $1,643 million and “Liabilities held-for-sale” with fair value of $1,503 million as of December 31, 2021. See Note 1 for additional information.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, including the offset of the hedged item in fair value hedge relationships. Year Ended December 31, 2022 Realized Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 39 $ (5) $ 0 $ 0 $ (375) $ (438) $ 0 Currency (28) (2) 0 0 0 (224) 0 Total gains (losses) on derivatives designated as hedge instruments 11 (7) 0 0 (375) (662) 0 Gains (losses) on the hedged item: Interest Rate (39) 14 0 0 387 448 0 Currency 31 9 0 0 0 225 0 Total gains (losses) on hedged item (8) 23 0 0 387 673 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 (4) (19) Total amortization for gains (losses) excluded from assessment of the effectiveness 0 0 0 0 0 (4) (19) Total gains (losses) on fair value hedges net of hedged item 3 16 0 0 12 7 (19) Cash flow hedges Interest Rate (4) (3) 0 0 0 0 (217) Currency 15 0 0 0 0 0 191 Currency/Interest Rate 121 299 477 0 0 0 1,623 Total gains (losses) on cash flow hedges 132 296 477 0 0 0 1,597 Net investment hedges Currency 0 0 0 0 0 0 2 Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 2 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (9,893) 0 0 0 0 0 0 Currency (400) 0 (3) 0 0 0 0 Currency/Interest Rate 854 0 6 0 0 0 0 Credit 5 0 0 0 0 0 0 Equity 1,409 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 Embedded Derivatives 6,192 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,831) 0 3 0 0 0 0 Total $ (1,696) $ 312 $ 480 $ 0 $ 12 $ 7 $ 1,580 Year Ended December 31, 2021 Realized Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 20 $ (9) $ 0 $ 0 $ (98) $ (73) $ 0 Currency (8) 0 0 0 0 6 0 Total gains (losses) on derivatives designated as hedge instruments 12 (9) 0 0 (98) (67) 0 Gains (losses) on the hedged item: Interest Rate (24) 16 0 0 133 96 0 Currency 7 2 0 0 0 (6) 0 Total gains (losses) on hedged item (17) 18 0 0 133 90 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency ............................................. 0 0 0 0 0 (6) (46) Total amortization for gains (losses) excluded from assessment of the effectiveness ...................................... 0 0 0 0 0 (6) (46) Total gains (losses) on fair value hedges net of hedged item (5) 9 0 0 35 17 (46) Cash flow hedges Interest Rate (2) 2 0 0 0 0 (13) Currency (4) 0 0 0 0 0 48 Currency/Interest Rate 105 271 181 0 0 0 1,152 Total gains (losses) on cash flow hedges 99 273 181 0 0 0 1,187 Net investment hedges Currency 0 0 0 0 0 0 (9) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 (9) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,875) 0 0 0 0 0 0 Currency (364) 0 (3) 0 0 0 0 Currency/Interest Rate 802 0 5 0 0 0 0 Credit 61 0 0 0 0 0 0 Equity (2,600) 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 Embedded Derivatives 5,674 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 1,699 0 2 0 0 0 0 Total $ 1,793 $ 282 $ 183 $ 0 $ 35 $ 17 $ 1,132 Year Ended December 31, 2020 Realized Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ (17) $ (8) $ 0 $ 0 $ 236 $ 186 $ 0 Currency 0 0 0 0 0 46 0 Total gains (losses) on derivatives designated as hedge instruments (17) (8) 0 0 236 232 0 Gains (losses) on the hedged item: Interest Rate 16 18 0 0 (196) (155) 0 Currency 0 1 0 0 0 (46) 0 Total gains (losses) on hedged item 16 19 0 0 (196) (201) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency ............................................. 0 0 0 0 0 (1) 10 Total amortization for gains (losses) excluded from assessment of the effectiveness ...................................... 0 0 0 0 0 (1) 10 Total gains (losses) on fair value hedges net of hedged item (1) 11 0 0 40 30 10 Cash flow hedges Interest Rate 40 1 0 (1) 0 0 7 Currency 5 0 0 0 0 0 (69) Currency/Interest Rate 99 314 (303) 0 0 0 (938) Total gains (losses) on cash flow hedges 144 315 (303) (1) 0 0 (1,000) Net investment hedges Currency (7) 0 126 0 0 0 (128) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges (7) 0 126 0 0 0 (128) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 5,800 0 0 0 0 0 0 Currency 100 0 (1) 0 0 0 0 Currency/Interest Rate (188) 0 (4) 0 0 0 0 Credit (56) 0 0 0 0 0 0 Equity (5,623) 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 Embedded Derivatives (4,882) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (4,847) 0 (5) 0 0 0 0 Total $ (4,711) $ 326 $ (182) $ (1) $ 40 $ 30 $ (1,118) __________ (1) Excluding changes related to net investment hedges using non-derivative instruments of $134 million for year ended December 31, 2022, $25 million for year ended December 31, 2021, and $(21) million for year ended December 31, 2020.
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income(Loss) Before Taxes	Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2019 $ 832 Amount recorded in AOCI Interest Rate 47 Currency (64) Currency/Interest Rate (828) Total amount recorded in AOCI (845) Amount reclassified from AOCI to income Interest Rate (40) Currency (5) Currency/Interest Rate (110) Total amount reclassified from AOCI to income (155) Balance, December 31, 2020 $ (168) Amount recorded in AOCI Interest Rate (13) Currency 44 Currency/Interest Rate 1,709 Total amount recorded in AOCI 1,740 Amount reclassified from AOCI to income Interest Rate 0 Currency 4 Currency/Interest Rate (557) Total amount reclassified from AOCI to income (553) Balance, December 31, 2021 $ 1,019 Amount recorded in AOCI Interest Rate (224) Currency 206 Currency/Interest Rate 2,520 Total amount recorded in AOCI 2,502 Amount reclassified from AOCI to income Interest Rate 7 Currency (15) Currency/Interest Rate (897) Total amount reclassified from AOCI to income (905) Balance, December 31, 2022 $ 2,616
Disclosure of Credit Derivatives	The following tables provide a summary of the notional and fair value of written credit protection, presented as assets (liabilities). The Company’s maximum amount at risk under these credit derivatives, assuming the value of the underlying referenced securities become worthless, is equal to the notional amounts. These credit derivatives have maturities of less than 25 years for index references. December 31, 2022 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 48 0 0 0 5,197 (46) 0 0 0 0 782 15 6,027 (31) Total $ 48 $ 0 $ 0 $ 0 $ 5,197 $ (46) $ 0 $ 0 $ 0 $ 0 $ 782 $ 15 $ 6,027 $ (31) December 31, 2021 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total(3) Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 49 0 0 0 2,397 41 0 0 0 0 928 87 3,374 128 Total $ 49 $ 0 $ 0 $ 0 $ 2,397 $ 41 $ 0 $ 0 $ 0 $ 0 $ 928 $ 87 $ 3,374 $ 128 _________ (1) The NAIC rating designations are based on availability and the lowest ratings among Moody's Investors Service, Inc. ("Moody's"), Standard & Poor’s Rating Services (“S&P”) and Fitch Ratings Inc. (“Fitch”). If no rating is available from a rating agency, a NAIC 6 rating is used. (2) Single name credit default swaps may make reference to the credit of corporate debt, sovereign debt, and structured finance. Index references NAIC designations are based on the lowest rated single name reference included in the index. (3) Excludes “Assets held-for-sale” with fair value of $54 million and “Liabilities held-for-sale” with fair value of $0 million, with an outstanding notional amount of $1,971 million as of December 31, 2021. See Note 1 for additional information.

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	12 Months Ended
Fair Value of Assets and Liabilities (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated: As of December 31, 2022 Level 1 Level 2 Level 3 Netting(2) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 26,069 $ 0 $ $ 26,069 Obligations of U.S. states and their political subdivisions 0 9,682 7 9,689 Foreign government bonds 0 73,218 8 73,226 U.S. corporate public securities 0 87,521 65 87,586 U.S. corporate private securities(3) 0 34,487 2,392 36,879 Foreign corporate public securities 0 20,621 66 20,687 Foreign corporate private securities 0 26,325 1,335 27,660 Asset-backed securities(4) 0 12,582 269 12,851 Commercial mortgage-backed securities 0 9,644 1,011 10,655 Residential mortgage-backed securities 0 2,408 9 2,417 Subtotal $ 0 $ 302,557 $ 5,162 $ 307,719 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 189 $ 0 $ 189 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 668 0 668 Corporate securities 0 88 0 88 Asset-backed securities(4) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 780 1,119 0 1,899 All other(5) 0 0 0 0 Subtotal 780 2,064 0 2,844 Fixed maturities, trading 0 5,647 304 5,951 Equity securities 4,338 2,185 627 7,150 Commercial mortgage and other loans 0 137 0 137 Other invested assets(6) 15 16,241 539 (14,802) 1,993 Short-term investments 341 3,428 18 3,787 Cash equivalents 544 6,930 0 7,474 Other assets 0 0 176 176 Separate account assets(7)(8) 8,310 162,414 1,081 171,805 Total assets $ 14,328 $ 501,603 $ 7,907 $ (14,802) $ 509,036 Future policy benefits(9) $ 0 $ 0 $ 4,746 $ $ 4,746 Policyholders’ account balances 0 0 3,492 3,492 Other liabilities 26 25,953 1 (23,298) 2,682 Notes issued by consolidated VIEs 0 0 0 0 Total liabilities $ 26 $ 25,953 $ 8,239 $ (23,298) $ 10,920 As of December 31, 2021(1) Level 1 Level 2 Level 3 Netting(2) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 32,158 $ 0 $ $ 32,158 Obligations of U.S. states and their political subdivisions 0 12,210 8 12,218 Foreign government bonds 0 94,659 10 94,669 U.S. corporate public securities 0 112,073 82 112,155 U.S. corporate private securities(3) 0 35,344 2,038 37,382 Foreign corporate public securities 0 27,184 125 27,309 Foreign corporate private securities 0 25,966 3,071 29,037 Asset-backed securities(4) 0 11,200 325 11,525 Commercial mortgage-backed securities 0 11,763 1,336 13,099 Residential mortgage-backed securities 0 2,533 325 2,858 Subtotal 0 365,090 7,320 372,410 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 193 0 193 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 761 0 761 Corporate securities 0 103 0 103 Asset-backed securities(4) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 862 1,409 0 2,271 All other(5) 2 18 0 20 Subtotal 864 2,484 0 3,348 Fixed maturities, trading 0 8,402 421 8,823 Equity securities 7,386 192 799 8,377 Commercial mortgage and other loans 0 1,263 0 1,263 Other invested assets(6) 409 17,004 493 (14,150) 3,756 Short-term investments 1,199 4,114 330 5,643 Cash equivalents 753 4,436 70 5,259 Other assets 0 0 164 164 Separate account assets(7)(8) 12,305 206,383 1,283 219,971 Total assets $ 22,916 $ 609,368 $ 10,880 $ (14,150) $ 629,014 Future policy benefits(9) $ 0 $ 0 $ 9,068 $ $ 9,068 Policyholders’ account balances 0 0 1,436 1,436 Other liabilities 33 19,141 0 (17,314) 1,860 Notes issued by consolidated VIEs 0 0 0 0 Total liabilities $ 33 $ 19,141 $ 10,504 $ (17,314) $ 12,364 __________ (1) Excludes amounts for financial instruments reclassified to “Assets held-for-sale of $129,579 million and “Liabilities held-for-sale” of $6,214 million. Assets held-for-sale and liabilities held-for-sale are valued on a basis consistent with similar instruments described herein. See Note 1 for additional information. (2) “Netting” amounts represent cash collateral of $(8,496) million and $(3,164) million as of December 31, 2022 and 2021, respectively. (3) Excludes notes with fair value of $8,040 million (carrying amount of $8,040 million) and $5,995 million (carrying amount of $5,941 million) as of December 31, 2022 and 2021, respectively, which have been offset with the associated payables under a netting agreement. (4) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (5) All other represents cash equivalents and short-term investments. (6) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. At December 31, 2022 and 2021, the fair values of such investments were $3,689 million and $4,290 million respectively. (7) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and other invested assets. At December 31, 2022 and 2021, the fair value of such investments were $25,874 million and $26,174 million, respectively. (8) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statements of Financial Position. (9) As of December 31, 2022, the net embedded derivative liability position of $4,746 million includes $807 million of embedded derivatives in an asset position and $5,553 million of embedded derivatives in a liability position. As of December 31, 2021, the net embedded derivative liability position of $9,069 million includes $611 million of embedded derivatives in an asset position and $9,680 million of embedded derivatives in a liability position.
Fair Value Inputs, Assets and Liabilities, Quantitative Information	The tables below present quantitative information regarding significant internally-priced Level 3 assets and liabilities: As of December 31, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,128 Discounted cash flow(5) Discount rate 0.61% 20% 8.09% Decrease Market comparables EBITDA multiples(4) 2.2X 23.5X 8.3X Increase Liquidation Liquidation value 8.16% 8.25% 8.21% Increase Equity securities $ 290 Discounted cash flow(5) Discount rate 0.2% 20% Decrease Market comparables EBITDA multiples(4) 1X 7.5X 4.0X Increase Net Asset Value Share price $6 $1,708 $22 Increase Separate account assets-commercial mortgage loans(6) $ 74 Discounted cash flow Spread 1.25% 2.10% 1.44% Decrease Liabilities: Future policy benefits(7) $ 4,746 Discounted cash flow Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.50% 2.20% Decrease Utilization rate(11) 38% 95% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 18% 26% Increase Policyholders’ account balances(8) $ 3,492 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.17% 1.93% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 30% Increase Option Budget(14) (2)% 6% Increase As of December 31, 2021 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 4,800 Discounted cash flow(5) Discount rate 0.31% 20% 5.00% Decrease Market comparables EBITDA multiples(4) 4.1X 19.2X 8.9X Increase Liquidation Liquidation value 11.31% 62.58% 55.57% Increase Equity securities $ 277 Discounted cash flow(5) Discount rate 0.5% 20% Decrease Market comparables EBITDA multiples(4) 1X 7.5X 4.0X Increase Net Asset Value Share price $1 $1,498 $594 Increase Separate account assets-commercial mortgage loans(6) $ 150 Discounted cash flow Spread 1.05% 1.98% 1.18% Decrease Liabilities: Future policy benefits(7) $ 9,068 Discounted cash flow Lapse rate(9) 1% 20% Decrease Spread over LIBOR(10) 0.03% 1.14% Decrease Utilization rate(11) 39% 96% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 16% 25% Increase Policyholders’ account balances(8) $ 1,436 Discounted Lapse rate(9) 1% 42% Decrease Spread over LIBOR(10) 0.03% 1.14% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 31% Increase __________ (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities available-for-sale, assets supporting experience-rated contractholder liabilities and fixed maturities, trading. (3) Excludes notes which have been offset with the associated payables under a netting agreement. (4) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (5) Includes certain investments where enterprise value is less than the amount needed to support senior and subordinated claims. These investments typically use a range of discount rates (10% to 20%), therefore presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) Changes in the fair value of separate account assets are borne by customers and thus are offset by changes in separate account liabilities on the Company’s Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Consolidated Statements of Operations. (7) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (8) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (9) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (10) The spread over the Secured Overnight Financing Rate (“SOFR”) swap curve and the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (SOFR or LIBOR, as applicable) to reflect the Company’s estimates of rates that a market participant would use to value the living benefits in both the accumulation and payout phases and index-linked interest crediting guarantees as of December 31, 2022 and 2021, respectively. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. (11) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status, and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (12) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of December 31, 2022 and 2021, the minimum withdrawal rate assumption is 77% and 76% respectively. As of December 31, 2022 and 2021, the maximum withdrawal rate assumption may be greater than 100%.The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (13) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 50 to 90 years old. While the majority of living benefits have a minimum age requirement, certain other contracts do not have an age restriction. This results in contractholders with mortality rates approaching 0% for certain benefits. Mortality rates may vary by product, age, and duration. A mortality improvement assumption is also incorporated into the overall mortality table. (14) Option budget estimates the expected long-term cost of options used to hedge exposures associated with equity price changes. The level of option budgets determines future costs of the options, which impacts the growth in account value and the valuation of embedded derivatives.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Year Ended December 31, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in millions) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 U.S. states 8 (1) 0 0 0 0 0 0 0 7 (1) Foreign government 10 (1) 0 (1) 0 0 0 0 0 8 (1) Corporate securities(4) 5,316 (532) 1,574 (219) 20 (874) 85 125 (1,637) 3,858 (544) Structured securities(5) 1,986 (330) 705 (23) 0 (363) (9) 7 (684) 1,289 (337) Assets supporting experience-rated contractholder liabilities: Foreign government 0 0 0 0 0 0 0 0 0 0 0 Corporate securities(4) 0 0 0 0 0 0 0 0 0 0 0 Structured securities(5) 0 0 0 0 0 0 0 0 0 0 0 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 0 0 0 0 0 0 0 0 0 0 0 Other assets: Fixed maturities, trading 421 (16) 45 (48) 0 (81) (3) 1 (15) 304 (17) Equity securities 799 (18) 52 (244) 0 (7) (27) 73 (1) 627 (39) Other invested assets 493 12 98 (52) 0 (11) (1) 0 0 539 12 Short-term investments 330 (5) 28 0 0 (340) 6 0 (1) 18 (6) Cash equivalents 70 (1) 7 0 0 (73) (3) 0 0 0 (2) Other assets 164 (10) 98 0 0 (12) (64) 0 0 176 (68) Separate account assets(6) 1,283 (215) 254 (192) 0 (67) 0 94 (76) 1,081 (211) Liabilities: Future policy benefits (9,068) 5,583 0 0 (1,019) 0 (242) 0 0 (4,746) 5,420 Policyholders’ account balances(7) (1,436) (66) 0 0 (1,078) 0 (912) 0 0 (3,492) 67 Other liabilities 0 0 0 0 0 0 0 (1) 0 (1) 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2022 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(8) (in millions) Fixed maturities, available-for-sale $ (89) $ 0 $ 0 $ (783) $ 8 $ (101) $ 0 $ 0 $ (782) Assets supporting experience-rated contractholder liabilities 0 0 0 0 0 0 0 0 0 Other assets: Fixed maturities, trading 0 (16) 0 0 0 0 (17) 0 0 Equity securities 0 (18) 0 0 0 0 (39) 0 0 Other invested assets (12) 24 0 0 0 (12) 24 0 0 Short-term investments (5) 0 0 0 0 (6) 0 0 0 Cash equivalents (1) 0 0 0 0 (2) 0 0 0 Other assets (77) 0 0 67 0 (68) 0 0 0 Separate account assets(6) 0 0 (215) 0 0 0 0 (211) 0 Liabilities: Future policy benefits 5,583 0 0 0 0 5,423 (3) 0 0 Policyholders’ account balances (66) 0 0 0 0 67 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2021 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in millions) Fixed maturities, available-for-sale: U.S. government $ 150 $ 0 $ 0 $ (150) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 U.S. states 4 0 0 0 0 0 4 0 0 8 0 Foreign government 11 0 0 0 0 (1) 0 0 0 10 0 Corporate securities(4) 5,335 (204) 1,560 (47) 114 (1,278) (8) 386 (542) 5,316 (258) Structured securities(5) 543 90 1,546 (3) 0 (248) 10 1,779 (1,731) 1,986 62 Assets supporting experience-rated contractholder liabilities: Foreign government 19 0 0 (14) 0 (5) 0 0 0 0 0 Corporate securities(4) 482 6 17 0 0 (113) (157) 71 (306) 0 0 Structured securities(5) 114 (5) 221 (8) 0 (38) 0 2 (286) 0 0 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 20 0 1 (1) 0 (20) 0 0 0 0 0 Other assets: Fixed maturities, trading 243 36 50 (55) 0 (21) 161 52 (45) 421 34 Equity securities 660 117 171 (98) 0 (24) (31) 76 (72) 799 145 Other invested assets 366 39 193 (55) 0 (50) 0 0 0 493 40 Short-term investments 177 1 783 0 0 (597) (26) 5 (13) 330 (1) Cash equivalents 1 (1) 82 0 0 0 (4) 0 (8) 70 (1) Other assets 268 (74) 55 0 0 (9) 0 0 (76) 164 (44) Separate account assets(6) 1,821 326 298 (81) 0 (30) (615) 67 (503) 1,283 199 Liabilities: Future policy benefits (18,879) 6,959 0 0 (1,322) 0 12 0 4,162 (9,068) 4,654 Policyholders’ account balances(7) (1,914) (1,174) 0 0 (389) 0 0 1 2,040 (1,436) (10) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2021 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(8) (in millions) Fixed maturities, available-for-sale $ 45 $ 0 $ 0 $ (163) $ 4 $ (43) $ 0 $ 0 $ (153) Assets supporting experience-rated contractholder liabilities 0 (6) 0 0 7 0 0 0 0 Other assets: Fixed maturities, trading 0 36 0 0 0 0 34 0 0 Equity securities 0 117 0 0 0 0 145 0 0 Other invested assets 7 32 0 0 0 6 34 0 0 Short-term investments 0 0 0 0 1 (1) 0 0 0 Cash equivalents (1) 0 0 0 0 (1) 0 0 0 Other assets (113) 0 0 39 0 (44) 0 0 0 Separate account assets(6) 0 0 326 0 0 0 0 199 0 Liabilities: Future policy benefits 6,959 0 0 0 0 4,654 0 0 0 Policyholders’ account balances (1,174) 0 0 0 0 (10) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2020 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(8) (in millions) Fixed maturities, available-for-sale $ (111) $ 0 $ 0 $ 368 $ 9 $ (139) $ 0 $ 0 $ 331 Assets supporting experience-rated contractholder liabilities 0 (22) 0 0 4 0 (22) 0 0 Other assets: Fixed maturities, trading 0 (25) 0 0 1 0 (24) 0 0 Equity securities 0 14 0 0 0 0 11 0 0 Other invested assets 0 7 0 0 0 0 7 0 0 Short-term investments 1 0 0 0 0 (1) 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 87 0 0 0 0 88 0 0 0 Separate account assets(6) 0 0 143 0 0 0 0 157 0 Liabilities: Future policy benefits (4,837) 0 0 0 0 (5,263) 0 0 0 Policyholders’ account balances (228) 0 0 0 0 (155) 0 0 0 Other liabilities 0 105 0 0 0 0 105 0 0 Notes issued by consolidated VIEs 0 25 0 0 0 0 25 0 0 __________ (1) “Other,” includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities, such as the increase in Policyholders’ account balances for the period ended December 31, 2022, which is driven by embedded derivatives associated with the Company’s reinsurance of index-linked annuity products held by the sold PALAC entity. See Note 1 for additional information. (2) Transfers out of level 3 for the period ended December 31, 2021, included $218 million of corporate securities and $79 million of structured securities reclassified from Fixed maturities, available for sale to “Assets held-for-sale”, and $4,162 million of Future Policy Benefits and $2,040 million of Policyholders’ account balances reclassified to "Liabilities held-for-sale". See Note 1 for additional information. (3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (5) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (6) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statements of Financial Position. (7) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (8) Effective January 1, 2020, the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period were added prospectively due to adoption of ASU 2018-13. Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement .
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Year Ended December 31, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in millions) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 U.S. states 8 (1) 0 0 0 0 0 0 0 7 (1) Foreign government 10 (1) 0 (1) 0 0 0 0 0 8 (1) Corporate securities(4) 5,316 (532) 1,574 (219) 20 (874) 85 125 (1,637) 3,858 (544) Structured securities(5) 1,986 (330) 705 (23) 0 (363) (9) 7 (684) 1,289 (337) Assets supporting experience-rated contractholder liabilities: Foreign government 0 0 0 0 0 0 0 0 0 0 0 Corporate securities(4) 0 0 0 0 0 0 0 0 0 0 0 Structured securities(5) 0 0 0 0 0 0 0 0 0 0 0 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 0 0 0 0 0 0 0 0 0 0 0 Other assets: Fixed maturities, trading 421 (16) 45 (48) 0 (81) (3) 1 (15) 304 (17) Equity securities 799 (18) 52 (244) 0 (7) (27) 73 (1) 627 (39) Other invested assets 493 12 98 (52) 0 (11) (1) 0 0 539 12 Short-term investments 330 (5) 28 0 0 (340) 6 0 (1) 18 (6) Cash equivalents 70 (1) 7 0 0 (73) (3) 0 0 0 (2) Other assets 164 (10) 98 0 0 (12) (64) 0 0 176 (68) Separate account assets(6) 1,283 (215) 254 (192) 0 (67) 0 94 (76) 1,081 (211) Liabilities: Future policy benefits (9,068) 5,583 0 0 (1,019) 0 (242) 0 0 (4,746) 5,420 Policyholders’ account balances(7) (1,436) (66) 0 0 (1,078) 0 (912) 0 0 (3,492) 67 Other liabilities 0 0 0 0 0 0 0 (1) 0 (1) 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2022 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(8) (in millions) Fixed maturities, available-for-sale $ (89) $ 0 $ 0 $ (783) $ 8 $ (101) $ 0 $ 0 $ (782) Assets supporting experience-rated contractholder liabilities 0 0 0 0 0 0 0 0 0 Other assets: Fixed maturities, trading 0 (16) 0 0 0 0 (17) 0 0 Equity securities 0 (18) 0 0 0 0 (39) 0 0 Other invested assets (12) 24 0 0 0 (12) 24 0 0 Short-term investments (5) 0 0 0 0 (6) 0 0 0 Cash equivalents (1) 0 0 0 0 (2) 0 0 0 Other assets (77) 0 0 67 0 (68) 0 0 0 Separate account assets(6) 0 0 (215) 0 0 0 0 (211) 0 Liabilities: Future policy benefits 5,583 0 0 0 0 5,423 (3) 0 0 Policyholders’ account balances (66) 0 0 0 0 67 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2021 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in millions) Fixed maturities, available-for-sale: U.S. government $ 150 $ 0 $ 0 $ (150) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 U.S. states 4 0 0 0 0 0 4 0 0 8 0 Foreign government 11 0 0 0 0 (1) 0 0 0 10 0 Corporate securities(4) 5,335 (204) 1,560 (47) 114 (1,278) (8) 386 (542) 5,316 (258) Structured securities(5) 543 90 1,546 (3) 0 (248) 10 1,779 (1,731) 1,986 62 Assets supporting experience-rated contractholder liabilities: Foreign government 19 0 0 (14) 0 (5) 0 0 0 0 0 Corporate securities(4) 482 6 17 0 0 (113) (157) 71 (306) 0 0 Structured securities(5) 114 (5) 221 (8) 0 (38) 0 2 (286) 0 0 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 20 0 1 (1) 0 (20) 0 0 0 0 0 Other assets: Fixed maturities, trading 243 36 50 (55) 0 (21) 161 52 (45) 421 34 Equity securities 660 117 171 (98) 0 (24) (31) 76 (72) 799 145 Other invested assets 366 39 193 (55) 0 (50) 0 0 0 493 40 Short-term investments 177 1 783 0 0 (597) (26) 5 (13) 330 (1) Cash equivalents 1 (1) 82 0 0 0 (4) 0 (8) 70 (1) Other assets 268 (74) 55 0 0 (9) 0 0 (76) 164 (44) Separate account assets(6) 1,821 326 298 (81) 0 (30) (615) 67 (503) 1,283 199 Liabilities: Future policy benefits (18,879) 6,959 0 0 (1,322) 0 12 0 4,162 (9,068) 4,654 Policyholders’ account balances(7) (1,914) (1,174) 0 0 (389) 0 0 1 2,040 (1,436) (10) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2021 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(8) (in millions) Fixed maturities, available-for-sale $ 45 $ 0 $ 0 $ (163) $ 4 $ (43) $ 0 $ 0 $ (153) Assets supporting experience-rated contractholder liabilities 0 (6) 0 0 7 0 0 0 0 Other assets: Fixed maturities, trading 0 36 0 0 0 0 34 0 0 Equity securities 0 117 0 0 0 0 145 0 0 Other invested assets 7 32 0 0 0 6 34 0 0 Short-term investments 0 0 0 0 1 (1) 0 0 0 Cash equivalents (1) 0 0 0 0 (1) 0 0 0 Other assets (113) 0 0 39 0 (44) 0 0 0 Separate account assets(6) 0 0 326 0 0 0 0 199 0 Liabilities: Future policy benefits 6,959 0 0 0 0 4,654 0 0 0 Policyholders’ account balances (1,174) 0 0 0 0 (10) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 0 0 0 0 0 0 0 0 Year Ended December 31, 2020 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(8) (in millions) Fixed maturities, available-for-sale $ (111) $ 0 $ 0 $ 368 $ 9 $ (139) $ 0 $ 0 $ 331 Assets supporting experience-rated contractholder liabilities 0 (22) 0 0 4 0 (22) 0 0 Other assets: Fixed maturities, trading 0 (25) 0 0 1 0 (24) 0 0 Equity securities 0 14 0 0 0 0 11 0 0 Other invested assets 0 7 0 0 0 0 7 0 0 Short-term investments 1 0 0 0 0 (1) 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 87 0 0 0 0 88 0 0 0 Separate account assets(6) 0 0 143 0 0 0 0 157 0 Liabilities: Future policy benefits (4,837) 0 0 0 0 (5,263) 0 0 0 Policyholders’ account balances (228) 0 0 0 0 (155) 0 0 0 Other liabilities 0 105 0 0 0 0 105 0 0 Notes issued by consolidated VIEs 0 25 0 0 0 0 25 0 0 __________ (1) “Other,” includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities, such as the increase in Policyholders’ account balances for the period ended December 31, 2022, which is driven by embedded derivatives associated with the Company’s reinsurance of index-linked annuity products held by the sold PALAC entity. See Note 1 for additional information. (2) Transfers out of level 3 for the period ended December 31, 2021, included $218 million of corporate securities and $79 million of structured securities reclassified from Fixed maturities, available for sale to “Assets held-for-sale”, and $4,162 million of Future Policy Benefits and $2,040 million of Policyholders’ account balances reclassified to "Liabilities held-for-sale". See Note 1 for additional information. (3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (5) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (6) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statements of Financial Position. (7) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (8) Effective January 1, 2020, the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period were added prospectively due to adoption of ASU 2018-13. Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement .
Fair Value Assets and Liabilities Measured on Recurring Basis, Derivatives	The following tables present the balances of certain derivative assets and liabilities measured at fair value on a recurring basis, as of the date indicated, by primary underlying risks. These tables include NPR and exclude embedded derivatives and associated reinsurance recoverables. The derivative assets and liabilities shown below are included in “Other invested assets” or “Other liabilities” in the tables contained within the sections “—Assets and Liabilities by Hierarchy Level” and “—Changes in Level 3 Assets and Liabilities,” above. As of December 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 13 $ 9,408 $ 1 $ $ 9,422 Currency 0 1,711 0 1,711 Credit 0 27 0 27 Currency/Interest Rate 0 4,282 0 4,282 Equity 1 814 0 815 Other 0 0 0 0 Netting(1) (14,802) (14,802) Total derivative assets $ 14 $ 16,242 $ 1 $ (14,802) $ 1,455 Derivative Liabilities: Interest Rate $ 24 $ 21,806 $ 1 $ $ 21,831 Currency 0 2,186 0 2,186 Credit 0 57 0 57 Currency/Interest Rate 0 503 0 503 Equity 2 1,774 0 1,776 Other 0 0 0 0 Netting(1) (23,298) (23,298) Total derivative liabilities $ 26 $ 26,326 $ 1 $ (23,298) $ 3,055 As of December 31, 2021 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets(2): Interest Rate $ 76 $ 12,086 $ 1 $ $ 12,163 Currency 0 1,108 0 1,108 Credit 0 128 0 128 Currency/Interest Rate 0 1,902 0 1,902 Equity 242 1,872 1 2,115 Other 0 0 0 0 Netting(1) (14,150) (14,150) Total derivative assets $ 318 $ 17,096 $ 2 $ (14,150) $ 3,266 Derivative Liabilities(2): Interest Rate $ 9 $ 14,777 $ 0 $ $ 14,786 Currency 0 1,316 0 1,316 Credit 0 1 0 1 Currency/Interest Rate 0 409 0 409 Equity 11 3,069 0 3,080 Other 0 0 0 0 Netting(1) (17,314) (17,314) Total derivative liabilities $ 20 $ 19,572 $ 0 $ (17,314) $ 2,278 __________ (1) “Netting” amounts represent cash collateral and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting agreement. (2) Excludes “Assets held-for-sale” with fair value of $1,643 million and “Liabilities held-for-sale” with fair value of $1,503 million as of December 31, 2021. See Note 1 for additional information.
Fair Value Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation, Derivatives	The following tables provide a summary of the changes in fair value of Level 3 derivative assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods: Year Ended December 31, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses) (1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3 (2) Fair Value, end of period Unrealized gains (losses) for assets still held (1) (in millions) Net Derivative - Equity $ 1 $ 1 $ 0 $ (2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 1 Net Derivative - Interest Rate 1 0 0 0 0 0 0 (1) 0 0 0 Year Ended December 31, 2021 Fair Value, beginning of period Total realized and unrealized gains (losses) (1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3 (2) Fair Value, end of period Unrealized gains (losses) for assets still held (1) (in millions) Net Derivative - Equity $ 0 $ 1 $ 1 $ 0 $ 0 $ (1) $ 0 $ 0 $ 0 $ 1 $ 1 Net Derivative - Interest Rate 0 1 0 0 0 0 0 0 0 1 1 Year Ended December 31, 2020 Fair Value, beginning of period Total realized and unrealized gains (losses) (1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3 (2) Fair Value, end of period Unrealized gains (losses) for assets still held (1) (in millions) Net Derivative - Equity $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 1 (1) 0 0 0 0 0 0 0 0 0 __________ (1) Total realized and unrealized gains (losses) as well as unrealized gains (losses) for assets still held at the end of the period are recorded in “Realized investment gains (losses), net.” (2) Transfers into or out of Level 3 are generally reported at the value as of the beginning of the quarter in which the transfers occur for any such positions still held at the end of the quarter.
Fair Value Measurements, Nonrecurring	The following tables represent information for assets measured at fair value on a nonrecurring basis. The fair value measurement is nonrecurring as these assets are measured at fair value only when there is a triggering event (e.g., an evidence of impairment). Assets included in the table are those that were impaired during the respective reporting periods and that are still held as of the reporting date. The estimated fair values for these amounts were determined using significant unobservable inputs (Level 3). Year Ended December 31, 2022 2021 2020 (in millions) Gains (Losses): Mortgage servicing rights(1) $ (1) $ 6 $ (25) Investment real estate $ (12) $ (15) $ (24) Investment in JV/LP $ (129) $ 0 $ 0 Goodwill Impairment(2) $ (903) $ (1,060) $ 0 Year Ended December 31, 2022 2021 (in millions) Carrying value after measurement as of period end Mortgage servicing rights(1) $ 77 $ 75 Investment real estate(3) $ 112 $ 326 Investment in JV/LP(3) $ 64 $ 0 Goodwill(2) $ 177 $ 1,080 __________ (1) Mortgage servicing rights are valued using a discounted cash flow model. The model incorporates assumptions for servicing revenues, which are adjusted for expected prepayments, delinquency rates, escrow deposit income and estimated loan servicing expenses. The discount rates incorporated into the model are determined based on the estimated returns a market participant would require for this business plus a liquidity and risk premium. This estimate includes available relevant data from any active market sales of mortgage servicing rights. (2) The Company recognized a goodwill impairment charge for Assurance IQ in both 2022 and 2021. The fair value was determined using weighting of an income approach based on discounted cash flow valuation techniques and a market approach based on forward sales multiple of comparable publicly traded companies. The valuation in each year included unobservable inputs such as forecasted cash flows, discount rate applied, expected synergies and business growth rate assumptions under the income approach and forward market multiples of comparable peer companies and an implied control premium under the market approach. The inputs and assumptions applied are consistent with how a market participant would value Assurance IQ and the related goodwill. See Note 10 for additional information. (3) Reported carrying values for 2022 include values as of the measurement periods of June 30, 2022 and September 30, 2022 for “Investment real estate” and June 30, 2022 for “Investment in JV/LP”.
Fair Value, Option	The following tables present information regarding assets and liabilities where the fair value option has been elected: Year Ended December 31, 2022 2021 2020 (in millions) Liabilities: Notes issued by consolidated VIEs: Changes in fair value $ 0 $ 0 $ (25) Year Ended December 31, 2022 2021 2020 (in millions) Commercial mortgage and other loans: Interest income $ 23 $ 15 $ 17 Notes issued by consolidated VIEs: Interest expense $ 0 $ 0 $ 32 Year Ended December 31, 2022 2021 (in millions) Commercial mortgage and other loans(1): Fair value as of period end $ 137 $ 1,263 Aggregate contractual principal as of period end $ 136 $ 1,253 Other assets: Fair value as of period end $ 11 $ 59 __________ (1) As of December 31, 2022, for loans for which the fair value option has been elected, there were no loans in non-accrual status and none of the loans were more than 90 days past due and still accruing.
Fair Value Disclosure Financial Instruments Not Carried at Fair Value	The tables below present the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. December 31, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(3) $ 0 $ 1,455 $ 0 $ 1,455 $ 1,296 Assets supporting experience-rated contractholder liabilities 0 0 0 0 0 Commercial mortgage and other loans 0 46 52,296 52,342 56,608 Policy loans 5 0 10,041 10,046 10,046 Other invested assets 0 102 0 102 102 Short-term investments 715 89 0 804 804 Cash and cash equivalents 9,388 389 0 9,777 9,777 Accrued investment income 0 3,012 0 3,012 3,012 Other assets 48 2,929 754 3,731 3,731 Total assets $ 10,156 $ 8,022 $ 63,091 $ 81,269 $ 85,376 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 31,665 $ 34,937 $ 66,602 $ 70,722 Securities sold under agreements to repurchase 0 6,589 0 6,589 6,589 Cash collateral for loaned securities 0 6,100 0 6,100 6,100 Short-term debt 0 613 164 777 775 Long-term debt(4) 550 17,324 790 18,664 19,908 Notes issued by consolidated VIEs 0 0 374 374 374 Other liabilities 0 7,970 11 7,981 7,981 Separate account liabilities—investment contracts 0 27,735 25,270 53,005 53,005 Total liabilities $ 550 $ 97,996 $ 61,546 $ 160,092 $ 165,454 December 31, 2021(1) Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(3) $ 0 $ 1,794 $ 9 $ 1,803 $ 1,514 Assets supporting experience-rated contractholder liabilities 3 7 0 10 10 Commercial mortgage and other loans 0 64 59,937 60,001 57,403 Policy loans 0 0 10,386 10,386 10,386 Other invested assets 0 81 0 81 81 Short-term investments 972 20 0 992 992 Cash and cash equivalents 7,108 521 0 7,629 7,629 Accrued investment income 0 2,855 0 2,855 2,855 Other assets 47 2,677 39 2,763 2,762 Total assets $ 8,130 $ 8,019 $ 70,371 $ 86,520 $ 83,632 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 33,550 $ 38,831 $ 72,381 $ 71,290 Securities sold under agreements to repurchase 0 10,185 0 10,185 10,185 Cash collateral for loaned securities 0 4,251 0 4,251 4,251 Short-term debt 0 518 204 722 722 Long-term debt(4) 613 20,414 899 21,926 18,622 Notes issued by consolidated VIEs 0 0 274 274 274 Other liabilities 0 7,053 53 7,106 7,106 Separate account liabilities—investment contracts 0 28,567 24,847 53,414 53,414 Total liabilities $ 613 $ 104,538 $ 65,108 $ 170,259 $ 165,864 __________ (1) Excludes amounts for financial instruments reclassified to “Assets held-for-sale” of $6,936 million and “Liabilities held-for-sale” of $101,992 million. See Note 1 for additional information. (2) Carrying values presented herein differ from those in the Company’s Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments. (3) Excludes notes with fair value of $4,250 million (carrying amount of $4,250 million) and $5,394 million (carrying amount of $4,750 million) as of December 31, 2022 and 2021, respectively, which have been offset with the associated payables under a netting agreement. (4) Includes notes with fair value of $12,290 million (carrying amount of $12,290 million) and $11,389 million (carrying amount of $10,691 million) as of December 31, 2022 and 2021, respectively, which have been offset with the associated receivables under a netting agreement.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	12 Months Ended
Deferred Policy Acquisition Costs (Tables)	Dec. 31, 2022
Deferred Policy Acquisition Costs Disclosures [Abstract]
Schedule Of Deferred Policy Acquisition Costs	The balances of and changes in DAC as of and for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Balance, beginning of period $ 18,192 $ 19,027 $ 19,912 Capitalization of commissions, sales and issue expenses 2,197 2,548 2,763 Amortization—Impact of assumption and experience unlocking and true-ups (296) 35 (36) Amortization—All other (2,133) (2,132) (2,185) Change due to unrealized investment gains and losses 1,398 717 (379) Foreign currency translation (449) (457) 142 Reclassified to “Assets held-for-sale”(1) 0 (1,197) 0 Other(2) 628 (349) (1,190) Balance, end of period $ 19,537 $ 18,192 $ 19,027 __________ (1) See Note 1 for additional information. (2) 2022 primarily represents activity associated with reinsurance agreements in connection with the sale of PALAC, 2021 represents the sale of The Prudential Life Insurance Company of Taiwan Inc., and 2020 represents the sale of The Prudential Life Insurance Company of Korea, Ltd. See Note 1 for additional information regarding these dispositions.

Value of Business Acquired (Tab

Value of Business Acquired (Tables)	12 Months Ended
Value of Business Acquired (Tables)	Dec. 31, 2022
Present Value of Future Insurance Profits [Abstract]
Schedule of Value of Business Acquired	The balances of and changes in VOBA as of and for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Balance, beginning of period $ 771 $ 1,103 $ 1,110 Amortization—Impact of assumption and experience unlocking and true-ups (2) 5 (317) Amortization—All other (86) (124) (212) Change due to unrealized investment gains and losses 19 67 418 Interest 15 25 56 Foreign currency translation (95) (90) 48 Reclassified to “Assets held-for-sale”(1) 0 (215) 0 Other (27) 0 0 Balance, end of period $ 595 $ 771 $ 1,103 __________ (1) See Note 1 for additional information. The following table provides VOBA balances for the year ended December 31, 2022: VOBA (in millions) Gibraltar Life $ 571 Gibraltar BSN Life Berhad 1 Aoba Life 23 Total $ 595
Estimated Future VOBA Amortization, Net of Interest	The following table provides estimated future amortization, net of interest, for the periods indicated: 2023 2024 2025 2026 2027 Thereafter Total (in millions) Estimated future VOBA amortization $ 56 $ 51 $ 47 $ 44 $ 40 $ 357 $ 595 The following table provides estimated future amortization for the periods indicated: 2023 2024 2025 2026 2027 (in millions) Estimated future amortization expense of other intangibles $ 86 $ 80 $ 69 $ 45 $ 41

Investments in Operating Join_2

Investments in Operating Joint Ventures (Tables)	12 Months Ended
Investments in Operating Joint Ventures (Tables)	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following tables set forth summarized combined financial information for significant LP/LLC interests accounted for under the equity method, including the Company’s investments in operating joint ventures that are described in more detail in Note 9. Changes between periods in the tables below reflect changes in the activities within the operating joint ventures and LPs/LLCs, as well as changes in the Company’s level of investment in such entities: December 31, 2022 2021 (in millions) STATEMENTS OF FINANCIAL POSITION Total assets(1) $ 707,192 $ 689,767 Total liabilities(2) $ 83,634 $ 111,189 Partners’ capital 623,558 578,578 Total liabilities and partners’ capital $ 707,192 $ 689,767 Total liabilities and partners’ capital included above $ 13,683 $ 12,141 Equity in LP/LLC interests not included above 726 852 Carrying value(3) $ 14,409 $ 12,993 __________ (1) Amount represents gross assets of each fund where the Company has a significant investment. These assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Amount represents gross liabilities of each fund where the Company has a significant investment. These liabilities consist primarily of third-party-borrowed funds, securities repurchase agreements and other miscellaneous liabilities. (3) Excludes “Assets held-for-sale” of $81 million as of December 31, 2021. See Note 1 for additional information. Years Ended December 31, 2022 2021 2020 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 28,299 $ 128,429 $ 42,964 Total expenses(2) (3,608) (21,235) (8,887) Net earnings (losses) $ 24,691 $ 107,194 $ 34,077 Equity in net earnings (losses) included above $ 641 $ 2,085 $ 744 Equity in net earnings (losses) of LP/LLC interests not included above 16 161 28 Total equity in net earnings (losses) $ 657 $ 2,246 $ 772 __________ (1) Amount represents gross revenue of each fund where the Company has a significant investment. This revenue consists of income from investments in real estate, investments in securities and other income. (2) Amount represents gross expenses of each fund where the Company has a significant investment. These expenses consist primarily of interest expense, investment management fees, salary expenses and other expenses. The following table sets forth information related to the Company’s investments in operating joint ventures as of and for the years ended December 31: 2022 2021(1) 2020 (in millions) Investment in operating joint ventures $ 1,181 $ 1,317 $ 1,394 Dividends received from operating joint ventures $ 81 $ 116 $ 60 After-tax equity in earnings of operating joint ventures $ (56) $ 87 $ 96 __________ (1) In March of 2021, the Company sold its 35% ownership stake in Pramerica SGR, an asset management joint venture within PGIM. See Note 1 for additional information regarding this disposition.

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	12 Months Ended
Goodwill and Other Intangibles (Tables)	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying value of goodwill by reportable segment are as follows: PGIM Assurance IQ International Corporate and Other Other(1) Total (in millions) Goodwill balance, December 31, 2019: $ 254 $ 2,128 $ 165 $ 456 $ 10 $ 3,013 Foreign currency translation and other(2) 4 12 (21) 27 0 22 Goodwill balance, December 31, 2020: 258 2,140 144 483 10 3,035 Acquisitions(3) 304 0 0 0 0 304 Impairments 0 (1,060) 0 0 0 (1,060) Foreign currency translation (4) 0 (14) (2) 0 (20) Reclassified to “Assets held-for-sale”(4) 0 0 0 (455) 0 (455) Goodwill balance, December 31, 2021: 558 1,080 130 26 10 1,804 Impairments 0 (903) 0 0 0 (903) Foreign currency translation (9) 0 (15) (1) 0 (25) Goodwill balance, December 31, 2022: $ 549 $ 177 $ 115 $ 25 $ 10 $ 876 __________ (1) Other includes goodwill balances assigned to Individual Retirement Strategies, Individual Life, and Group Insurance. (2) The goodwill associated with Assurance IQ includes a measurement period adjustment made during 2020. The goodwill reclassification between International Businesses and Corporate and Other relates to an operation that became classified as a divested business and transferred to Corporate and Other during 2020. (3) During 2021, PGIM completed the acquisitions of Montana Capital Partners, a European-based private equity secondaries asset manager, and Green Harvest Asset Management LLC, a separately managed account platform providing customized solutions for the high net worth market.
Schedule of Finite-Lived Intangible Assets	Other intangible balances at December 31, are as follows: 2022 2021 Gross Carrying Amount Accumulated Net Carrying Amount Gross Carrying Amount Accumulated Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 882 $ (569) $ 313 $ 864 $ (543) $ 321 Customer relationships 202 (146) 56 308 (194) 114 Software and other 199 (111) 88 200 (84) 116 Not subject to amortization 61 N/A 61 68 N/A 68 Total(1) $ 518 $ 619 __________ (1) Includes “Assets held-for-sale” of $39 million as of December 31, 2021. The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition.
Schedule of Indefinite-Lived Intangible Assets	Other intangible balances at December 31, are as follows: 2022 2021 Gross Carrying Amount Accumulated Net Carrying Amount Gross Carrying Amount Accumulated Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 882 $ (569) $ 313 $ 864 $ (543) $ 321 Customer relationships 202 (146) 56 308 (194) 114 Software and other 199 (111) 88 200 (84) 116 Not subject to amortization 61 N/A 61 68 N/A 68 Total(1) $ 518 $ 619 __________ (1) Includes “Assets held-for-sale” of $39 million as of December 31, 2021. The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition.
Estimated Future Amortization Expense of Other Intangibles	The following table provides estimated future amortization, net of interest, for the periods indicated: 2023 2024 2025 2026 2027 Thereafter Total (in millions) Estimated future VOBA amortization $ 56 $ 51 $ 47 $ 44 $ 40 $ 357 $ 595 The following table provides estimated future amortization for the periods indicated: 2023 2024 2025 2026 2027 (in millions) Estimated future amortization expense of other intangibles $ 86 $ 80 $ 69 $ 45 $ 41

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2022
Leases [Abstract]
Lessee Supplemental Balance Sheet Information Related to Operating Leases	Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. December 31, 2022 2021 ($ in millions) Operating Leases: Right-of-use assets $ 340 $ 395 Lease liabilities $ 370 $ 432 Weighted average remaining lease term 5 years 6 years Weighted average discount rate 2.42 % 2.25 %
Lessee Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities are as follows: December 31, 2022 (in millions) 2023 $ 116 2024 105 2025 67 2026 34 2027 23 Thereafter 57 Total lease payments 402 Less imputed interest (32) Total $ 370

Policyholders' Liabilities (Tab

Policyholders' Liabilities (Tables)	12 Months Ended
Policyholders' Liabilities (Tables)	Dec. 31, 2022
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Schedule of Liability for Future Policy Benefits, by Product Segment	Future policy benefits at December 31 for the years indicated are as follows: 2022 2021 (in millions) Life insurance $ 179,677 $ 188,777 Individual and group annuities and supplementary contracts 83,154 77,779 Other contract liabilities 18,369 25,695 Included in “Liabilities held-for-sale”(1) 0 (4,662) Subtotal future policy benefits excluding unpaid claims and claim settlement expenses 281,200 287,589 Unpaid claims and claim settlement expenses 3,252 3,195 Total future policy benefits $ 284,452 $ 290,784 __________ (1) The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition. Policyholders’ account balances at December 31 for the years indicated are as follows: 2022 2021 (in millions) Individual annuities $ 53,733 $ 52,230 Group annuities 2,002 30,400 Guaranteed investment contracts and guaranteed interest accounts 12,927 13,717 Funding agreements 7,705 6,023 Interest-sensitive life contracts 41,235 41,283 Dividend accumulation and other deposit type funds 18,000 18,894 Included in “Liabilities held-for-sale”(1) 0 (39,914) Total policyholders’ account balances $ 135,602 $ 122,633 __________ (1) The sale was completed in the second quarter of 2022. See Note 1 for additional information regarding this disposition.

Certain Long-Duration Contrac_2

Certain Long-Duration Contracts with Guarantees (Tables)	12 Months Ended
Certain Long-Duration Contracts with Guarantees (Tables)	Dec. 31, 2022
Long-Duration Contracts, Assumptions Supporting Guarantee Obligations [Abstract]
Schedule of Net Amount of Risk by Product and Guarantee	As of December 31, 2022 and 2021, the Company had the following guarantees associated with these contracts, by product and guarantee type: December 31, 2022 December 31, 2021 In the Event At Annuitization / In the Event At Annuitization / ($ in millions) Annuity Contracts Return of net deposits Account value $ 79,780 $ 13 $ 132,811 $ 16 Net amount at risk $ 1,010 $ 0 $ 200 $ 0 Average attained age of contractholders 70 years 76 years 69 years 76 years Minimum return or contract value Account value $ 19,163 $ 88,476 $ 30,527 $ 147,924 Net amount at risk $ 4,733 $ 9,338 $ 2,055 $ 3,509 Average attained age of contractholders 71 years 70 years 71 years 69 years Average period remaining until earliest expected annuitization N/A 0.05 years N/A 0.20 years __________ (1) Includes income and withdrawal benefits. December 31, 2022 2021 In the Event of Death ($ in millions) Variable Life, Variable Universal Life and Universal Life Contracts Separate account value $ 7,951 $ 9,844 General account value $ 19,714 $ 19,789 Net amount at risk $ 230,944 $ 223,587 Average attained age of contractholders 57 years 57 years
Schedule of Fair Value of Separate Accounts by Major Category of Investment	Account balances of variable annuity contracts with guarantees were invested in separate account investment options as follows: December 31, 2022 2021 (in millions) Equity funds $ 47,415 $ 95,594 Bond funds 43,070 59,241 Money market funds 3,103 4,812 Total $ 93,588 $ 159,647
Schedule of Minimum Guaranteed Benefit Liabilities	The table below summarizes the changes in general account liabilities for guarantees. The liabilities for GMDB and GMIB are included in “Future policy benefits” and the related changes in the liabilities are included in “Policyholders’ benefits.” GMAB, GMWB and GMIWB are accounted for as embedded derivatives and are recorded at fair value within “Future policy benefits.” Changes in the fair value of these derivatives, including changes in the Company’s own risk of non-performance, along with any fees attributed or payments made relating to the derivative, are recorded in “Realized investment gains (losses), net.” See Note 6 for additional information regarding the methodology used in determining the fair value of these embedded derivatives. The Company maintains a portfolio of derivative investments that serve as a partial hedge of the risks associated with these products, for which the changes in fair value are also recorded in “Realized investment gains (losses), net.” This portfolio of derivative investments does not qualify for hedge accounting treatment under U.S. GAAP. Additionally, the Company externally reinsures the guaranteed benefit features associated with certain contracts. See Note 14 for further information regarding the external reinsurance arrangement. GMDB GMIB GMAB/GMWB/GMIWB Variable Life, Annuity Annuity Annuity (in millions) Balance at December 31, 2019 $ 7,602 $ 753 $ 355 $ 12,831 Incurred guarantee benefits(1) 1,389 162 12 6,103 Paid guarantee benefits (126) (89) (4) 0 Change in unrealized investment gains and losses 721 38 (8) 0 Other(2)(3) (77) (1) 13 (53) Balance at December 31, 2020 9,509 863 368 18,881 Incurred guarantee benefits(1) 1,076 10 (24) (5,638) Paid guarantee benefits (189) (70) 0 0 Change in unrealized investment gains and losses (326) (55) (17) 0 Reclassified to “Liabilities held-for-sale”(4) 0 (216) (5) (4,163) Other(2)(5) (9) 0 (89) (12) Balance at December 31, 2021 10,061 532 233 9,068 Incurred guarantee benefits(1) 2,274 155 (14) (5,331) Paid guarantee benefits (201) (95) (1) 0 Change in unrealized investment gains and losses (2,529) (10) (13) 0 Other(2)(4) (9) 9 (27) 1,009 Balance at December 31, 2022 $ 9,596 $ 591 $ 178 $ 4,746 __________ (1) Incurred guarantee benefits include the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves. Also includes changes in the fair value of features considered to be derivatives. (2) Other includes foreign currency translation. (3) Includes the impact from the sale of POK. (4) Primarily represents activity associated with reinsurance agreements in connection with the sale of PALAC in 2022. See Note 1 for additional information regarding this disposition. (5) Includes the impact from the sale of POT.
Deferred Sales Inducements	Changes in DSI, reported as “Interest credited to policyholders’ account balances,” are as follows: Sales Inducements (in millions) Balance at December 31, 2019 $ 935 Capitalization 1 Amortization—Impact of assumption and experience unlocking and true-ups 104 Amortization—All other (166) Change in unrealized investment gains and losses (54) Balance at December 31, 2020 820 Capitalization 1 Amortization—Impact of assumption and experience unlocking and true-ups 40 Amortization—All other (166) Change in unrealized investment gains and losses 76 Reclassified to “Assets held-for-sale”(1) (295) Other(2) (2) Balance at December 31, 2021 474 Capitalization 1 Amortization—Impact of assumption and experience unlocking and true-ups (87) Amortization—All other (92) Change in unrealized investment gains and losses 21 Other(1) 49 Balance at December 31, 2022 $ 366 __________ (1) Primarily represents activity associated with reinsurance agreements in connection with the sale of PALAC in 2022. See Note 1 for additional information regarding this disposition. (2) Represents the impact from the sale of POT.

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
Reinsurance (Tables)	Dec. 31, 2022
Reinsurance Disclosures [Abstract]
Effects of Reinsurance	Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fee income, and policyholders’ benefits for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Direct premiums $ 36,193 $ 31,623 $ 29,091 Reinsurance assumed 4,129 5,581 4,336 Reinsurance ceded (2,303) (2,377) (2,287) Premiums $ 38,019 $ 34,827 $ 31,140 Direct policy charges and fee income $ 4,875 $ 5,261 $ 5,341 Reinsurance assumed 1,247 1,204 1,192 Reinsurance ceded (548) (521) (504) Policy charges and fee income $ 5,574 $ 5,944 $ 6,029 Direct policyholders’ benefits $ 41,148 $ 34,861 $ 32,514 Reinsurance assumed 5,913 7,024 5,659 Reinsurance ceded (3,574) (3,427) (3,114) Policyholders’ benefits $ 43,487 $ 38,458 $ 35,059
Reinsurance Recoverables	Reinsurance recoverables at December 31, are as follows: 2022 2021 (in millions) Individual and group annuities(1) $ 2,074 $ 185 Life insurance(2) 6,422 6,770 Other reinsurance 387 396 Total reinsurance recoverables(3)(4) $ 8,883 $ 7,351 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance agreement with FLIAC in which the Company assumed all its indexed variable annuities of $1,986 million as of December 31, 2022. Also includes reinsurance recoverables established under the reinsurance agreement with Union Hamilton related to the ceding of certain embedded derivative liabilities associated with the Company’s guaranteed benefits of $24 million and $110 million as of December 31, 2022 and 2021, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $1,943 million and $2,178 million as of December 31, 2022 and 2021, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,188 million and $1,341 million as of December 31, 2022 and 2021, respectively. (3) Net of $(15) million and $(10) million of loss allowance as of December 31, 2022 and 2021, respectively. (4) Excludes reinsurance recoverables of $30 million related to “Asset held-for-sale” operations as of December 31, 2021. See Note 1 for additional information.

Closed Block (Tables)

Closed Block (Tables)	12 Months Ended
Closed Block (Tables)	Dec. 31, 2022
Closed Block Disclosure [Abstract]
Schedule of Closed Block Liabilities and Assets	Closed Block liabilities and assets designated to the Closed Block at December 31, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: 2022 2021 (in millions) Closed Block liabilities Future policy benefits $ 44,433 $ 45,596 Policyholders’ dividends payable 617 616 Policyholders’ dividend obligation 0 8,027 Policyholders’ account balances 4,607 4,737 Other Closed Block liabilities 3,495 3,107 Total Closed Block liabilities 53,152 62,083 Closed Block assets Fixed maturities, available-for-sale, at fair value 29,898 38,160 Fixed maturities, trading, at fair value 900 1,137 Equity securities, at fair value 1,733 2,288 Commercial mortgage and other loans 7,926 8,241 Policy loans 3,637 3,815 Other invested assets 4,254 4,358 Short-term investments 337 557 Total investments 48,685 58,556 Cash and cash equivalents 1,307 451 Accrued investment income 402 392 Other Closed Block assets 162 137 Total Closed Block assets 50,556 59,536 Excess of reported Closed Block liabilities over Closed Block assets 2,596 2,547 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (3,458) 3,535 Allocated to policyholder dividend obligation 3,207 (3,640) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,345 $ 2,442
Schedule of Closed Block Dividend Obligation	Information regarding the policyholder dividend obligation is as follows: 2022 2021 (in millions) Balance, January 1 $ 8,027 $ 8,787 Impact from earnings allocable to policyholder dividend obligation (1,180) 1,468 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation (6,847) (2,228) Balance, December 31 $ 0 $ 8,027
Schedule of Closed Block Revenues Benefits Expenses	Closed Block revenues and benefits and expenses for the years ended December 31, are as follows: 2022 2021 2020 (in millions) Revenues Premiums $ 1,698 $ 1,789 $ 1,981 Net investment income 1,980 2,514 2,255 Realized investment gains (losses), net (270) 807 182 Other income (loss) (447) 880 362 Total Closed Block revenues 2,961 5,990 4,780 Benefits and Expenses Policyholders’ benefits 2,436 2,557 2,758 Interest credited to policyholders’ account balances 121 124 127 Dividends to policyholders 115 2,794 1,549 General and administrative expenses 302 312 327 Total Closed Block benefits and expenses 2,974 5,787 4,761 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (13) 203 19 Income tax expense (benefit) (105) 123 (43) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 92 $ 80 $ 62

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following schedule discloses significant components of income tax expense (benefit) for each year presented: Year Ended December 31, 2022 2021 2020 (in millions) Current tax expense (benefit): U.S. $ 214 $ 1,094 $ (571) State and local 15 24 11 Foreign 480 770 848 Total current tax expense (benefit) 709 1,888 288 Deferred tax expense (benefit): U.S. (680) 16 (362) State and local 1 (1) 1 Foreign (400) (229) (8) Total deferred tax expense (benefit) (1,079) (214) (369) Total income tax expense (benefit) on income (loss) before equity in earnings of operating joint ventures (370) 1,674 (81) Income tax expense (benefit) on equity in earnings of operating joint ventures 25 33 47 Income tax expense (benefit) on discontinued operations 0 0 0 Income tax expense (benefit) reported in equity related to: Other comprehensive income (loss) (12,063) (2,314) 1,252 Total income taxes $ (12,408) $ (607) $ 1,218
Schedule of Effective Income Tax Rate Reconciliation	The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% applicable for 2022, 2021 and 2020, and the reported income tax expense (benefit) are summarized as follows: Year Ended December 31, 2022 2021(1) 2020(1) (in millions) Expected federal income tax expense (benefit) $ (373) $ 1,970 $ (68) Non-taxable investment income (86) (292) (228) Foreign taxes at other than U.S. rate 11 149 250 Low-income housing and other tax credits (128) (126) (112) Changes in tax law (11) 10 (192) GILTI 101 (1) (2) Sale of subsidiary 84 (26) 277 Non-controlling interest 5 (14) (48) Non-deductible expenses 21 11 14 Change in valuation allowance 16 13 17 State taxes 13 18 10 Other (23) (38) 1 Reported income tax expense (benefit) $ (370) $ 1,674 $ (81) Effective tax rate 20.8 % 17.8 % 25.1 % __________ (1) Prior period amounts have been updated to conform to current period presentation.
Schedule of Deferred Tax Assets and Liabilities	As of December 31, 2022 2021 (in millions) Deferred tax assets: Insurance reserves $ 0 $ 296 Net unrealized investment losses 5,903 0 Policyholders’ dividends 59 1,741 Net operating and capital loss carryforwards 186 260 Employee benefits 329 617 Investments 2,485 398 Goodwill and other intangibles 351 149 Deferred tax assets before valuation allowance 9,313 3,461 Valuation allowance (159) (147) Deferred tax assets after valuation allowance 9,154 3,314 Deferred tax liabilities: Insurance reserves 1,465 0 Net unrealized investment gains 0 9,456 Deferred policy acquisition costs 3,430 3,307 Value of business acquired 181 261 Other 633 116 Deferred tax liabilities 5,709 13,140 Net deferred tax asset (liability) $ 3,445 $ (9,826)
Operating And Capital Loss Carryforwards	The valuation allowance includes amounts recorded in connection with deferred tax assets as follows: Federal State Foreign Operations Total (in millions) Balance at January 1, 2020 $ 3 $ 127 $ 6 $ 136 Charged to costs and expenses 12 5 5 22 Other adjustments 0 (16) 1 (15) Balance at December 31, 2020 15 116 12 143 Charged to costs and expenses 5 (8) 9 6 Other adjustments 0 (1) (1) (2) Balance at December 31, 2021 20 107 20 147 Charged to costs and expenses 2 16 10 28 Other adjustments 0 (14) (2) (16) Balance at December 31, 2022 $ 22 $ 109 $ 28 $ 159 The following table sets forth the amount and expiration dates of federal, state and foreign operating, capital loss and tax credit carryforwards for tax purposes, as of the periods indicated: As of December 31, 2022 2021 (in millions) Federal net operating and capital loss carryforwards $ 0 $ 327 State net operating and capital loss carryforwards(1) $ 1,781 $ 1,895 Foreign net operating and capital loss carryforwards(2) $ 295 $ 268 Federal foreign tax credit carryforwards(3) $ 15 $ 12 General business credits $ 0 $ 0 __________ (1) Certain state net operating loss carryforwards expire between 2023 and 2042, whereas others have an unlimited carryforward. (2) $23 million expires between 2023 and 2037 and $272 million has an unlimited carryforward. (3) Expires between 2028 and 2029. These relate to foreign non-general basket tax credits.
Undistributed Earnings Of Foreign Subsidiaries Assuming Permanent Reinvestment	The following table sets forth the undistributed earnings of foreign subsidiaries, where the Company assumes indefinite reinvestment of such earnings and for which, in 2022, 2021, and 2020, foreign deferred withholding or other foreign income taxes have not been provided. The net tax liability that may arise if the 2022 earnings were remitted which includes any foreign exchange impacts, is immaterial. At December 31, 2022 2021 2020 (in millions) Undistributed earnings of foreign subsidiaries (assuming indefinite reinvestment only for Withholding or other non-U.S. Taxes) $ 238 $ 209 $ 176
Unrecognized Tax Benefits Reconciliation	The following table reconciles the total amount of unrecognized tax benefits at the beginning and end of the periods indicated: 2022 2021 2020 (in millions) Balance at January 1, $ 12 $ 17 $ 18 Increases in unrecognized tax benefits—prior years 81 4 0 (Decreases) in unrecognized tax benefits—prior years (1) (9) (1) Increases in unrecognized tax benefits—current year 0 0 0 (Decreases) in unrecognized tax benefits—current year (8) 0 0 Settlements with taxing authorities 0 0 0 Balance at December 31, $ 84 $ 12 $ 17 Unrecognized tax benefits that, if recognized, would favorably impact the effective rate $ 84 $ 12 $ 0
Amounts Recognized In Consolidated Financial Statements For Tax Related Interest And Penalties	The amounts recognized in the consolidated financial statements for tax-related interest and penalties for the years ended December 31 are as follows: 2022 2021 2020 (in millions) Interest and penalties recognized in the Consolidated Statements of Operations $ 8 $ 4 $ 1 2022 2021 (in millions) Interest and penalties recognized in liabilities in the Consolidated Statements of Financial Position $ 15 $ 7
Open Tax Years By Major Tax Jurisdictions	Listed below are the tax years that remain subject to examination, by major tax jurisdiction, as of December 31, 2022: Major Tax Jurisdiction Open Tax Years United States 2014-2022 Japan Fiscal years ended March 31, 2018-2022 Korea 2017-2020

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	12 Months Ended
Short-Term and Long-Term Debt (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Short-term Debt	The table below presents the Company’s short-term debt at December 31, for the years indicated as follows: 2022 2021 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 413 395 Subtotal commercial paper 438 420 Current portion of long-term debt: Senior Notes 173 0 Mortgage Debt 155 197 Surplus Notes subject to set-off arrangements(1) 500 500 Subtotal Current portion of long-term debt 828 697 Other(2) 9 105 Subtotal 1,275 1,222 Less: Assets under set-off arrangements(1) 500 500 Total short-term debt(3) $ 775 $ 722 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 130 $ 150 Daily average commercial paper outstanding for the quarter ended $ 1,312 $ 1,414 Weighted average maturity of outstanding commercial paper, in days 98 16 Weighted average interest rate on outstanding commercial paper 4.69 % 0.08 % __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes. (2) Includes $9 million drawn on a revolving line of credit held by a subsidiary at December 31, 2022. (3) Includes Prudential Financial debt of $25 million at both December 31, 2022 and 2021.
Schedule of Line of Credit Facilities	As of December 31, 2022, the Company maintained syndicated, unsecured committed credit facilities as described below. Borrower Original Expiration Capacity Amount Outstanding (in millions) Prudential Financial and Prudential Funding 5 years Jul 2026 $ 4,000 $ 0 Prudential Holdings of Japan, Inc. 5 years Sep 2024 ¥ 100,000 ¥ 0
Schedule of Long-term Debt Instruments	Maturity Rate(1) December 31, 2022 2021 ($ in millions) Fixed-rate notes: Surplus notes 2025 8.3% $ 345 $ 344 Surplus notes subject to set-off arrangements 2024-2038 2.23%-5.26% 9,460 7,861 Senior notes 2026-2051 1.5%-6.63% 10,115 10,282 Mortgage debt 2027 3.85% 25 24 Floating-rate notes: Line of Credit 2025 1.35%-5.77% 300 300 Surplus notes subject to set-off arrangements 2024-2037 1.59%-5.14% 2,330 2,330 Mortgage debt(2) 2029 1.01%-1.04% 29 54 Junior subordinated notes(3) 2043-2062 1.55%-6% 9,094 7,618 Subtotal 31,698 28,813 Less: assets under set-off arrangements(4) 11,790 10,191 Total long-term debt(5) $ 19,908 $ 18,622 __________ (1) Ranges of interest rates are for the year ended December 31, 2022. (2) Includes $29 million of debt denominated in foreign currency at both December 31, 2022 and 2021. (3) Includes Prudential Financial debt of $9,047 million and subsidiary debt of $47 million denominated in foreign currency at December 31, 2022. (4) Assets under set-off arrangements represent a reduction in the amount of surplus notes included in long-term debt, resulting from an arrangement where valid rights of set-off exist and it is the intent of both parties to settle on a net basis under legally enforceable arrangements. These assets include available-for-sale securities that are reported at fair value. (5) Includes Prudential Financial debt of $19,162 million and $17,673 million at December 31, 2022 and 2021, respectively.
Schedule of Maturities of Long-term Debt	The following table presents the contractual maturities of the Company’s long-term debt as of December 31, 2022: Calendar Year 2024 2025 2026 2027 2028 and Total (in millions) Long-term debt $ 0 $ 646 $ 500 $ 25 $ 18,737 $ 19,908
Senior Notes	The table below presents the Company’s balances related to these issuances, as well as its mortgage debt balance, as of December 31 for the years indicated as follows: Facility Name Maturity Date Range 2022 Amount Outstanding 2021 Amount Outstanding ($ in millions) Medium-Term Notes 2023-2051 $ 8,548 $ 8,544 Senior Notes 2047-2049 1,476 1,469 InterNotes ® Retail Notes 2029-2045 264 269 Mortgage Debt(1) 2023-2029 208 274 Total $ 10,496 $ 10,556 __________ (1) Includes $154 million of notes from current portion of long-term debt as of December 31, 2022.
Surplus Notes with Set-Off Arrangements	Agreement Start Date Maturity Years Maximum Borrowing Capacity 2022 Amount Outstanding 2021 Amount Outstanding ($ in millions) Regulation XXX 2013-2021(1)(2) 2023-2036 $ 1,750 $ 1,600 $ 1,600 2014-2017 2024-2037 2,400 2,330 2,330 2018 2038 1,600 920 920 Guideline AXXX 2013(3) 2033 3,500 3,500 3,500 2017 2037 2,000 1,540 1,466 2020 2032 2,700 2,100 775 Other Notes 2019 2029 4,000 300 100 Total $ 17,950 $ 12,290 $ 10,691 __________ (1) Prudential has agreed to reimburse one of the external counterparties for any payment under the credit linked notes funded by it in an amount of up to $0.3 billion. (2) Includes $0.5 billion of notes from current portion of long-term debt. (3) The current financing capacity available under the facility is $3.5 billion but can be increased to a maximum potential size of $4.5 billion.
Junior Subordinated Notes	Prudential Financial’s junior subordinated notes outstanding are considered hybrid securities that receive enhanced equity treatment from the rating agencies. These notes outstanding, along with their key terms, are as follows: Issue Date Principal Initial Investor Optional Interest Rate Maturity Date ($ in millions) Nov-12 $ 1,500 5.63 % Institutional 6/15/2023 LIBOR + 3.92% 6/15/2043 Mar-13 $ 500 5.20 % Institutional 3/15/2024 LIBOR + 3.04% 3/15/2044 May-15 $ 1,000 5.38 % Institutional 5/15/2025 LIBOR + 3.03% 5/15/2045 Sep-17 $ 750 4.50 % Institutional 9/15/2027 LIBOR + 2.38% 9/15/2047 Aug-18 $ 565 5.63 % Retail 8/15/2023 5.63% 8/13/2058 Sep-18 $ 1,000 5.70 % Institutional 9/15/2028 LIBOR + 2.67% 9/15/2048 Aug-20 $ 500 4.13 % Retail 9/1/2025 4.13% 9/1/2060 Aug-20 $ 800 3.70 % Institutional 10/1/2030 US Treasury + 3.04% 10/1/2050 Feb-22 $ 1,000 5.13 % Institutional 2/28/2032 US Treasury + 3.16% 3/1/2052 Aug-22 $ 1,200 6.00 % Institutional 9/1/2032 US Treasury + 3.23% 9/1/2052 Aug-22 $ 300 5.95 % Retail 9/1/2027 5.95% 9/1/2062

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
Employee Benefit Plans (Tables)	Dec. 31, 2022
Retirement Benefits [Abstract]
Status of Employee Benefit Plans	The status of these plans as of December 31, 2022 and 2021 is summarized below: Pension Benefits Other Postretirement Benefits 2022 2021 2022 2021 (in millions) Change in benefit obligation Benefit obligation at the beginning of period $ (14,787) $ (15,483) $ (1,793) $ (2,040) Service cost (276) (328) (13) (27) Interest cost (431) (364) (56) (49) Plan participants’ contributions 0 0 (27) (23) Medicare Part D subsidy receipts 0 0 (6) (5) Amendments (1) 0 0 121 Curtailments 47 0 1 0 Actuarial gains (losses), net(1) 3,242 310 364 55 Settlements 35 24 0 0 Special termination benefits (4) (1) (4) 0 Benefits paid 855 868 185 173 Acquisition/Divestiture 0 13 0 0 Foreign currency changes and other 221 174 1 2 Benefit obligation at end of period $ (11,099) $ (14,787) $ (1,348) $ (1,793) Change in plan assets Plan assets at beginning of period $ 15,242 $ 14,897 $ 1,621 $ 1,589 Actual return on plan assets (1,945) 1,059 (282) 174 Employer contributions 176 205 10 8 Plan participants’ contributions 0 0 27 23 Disbursement for settlements (35) (24) 0 0 Benefits paid (855) (868) (185) (173) Acquisition/Divestiture 0 (5) 0 0 Foreign currency changes and other (64) (22) 0 0 Plan assets at end of period $ 12,519 $ 15,242 $ 1,191 $ 1,621 Funded status at end of period $ 1,420 $ 455 $ (157) $ (172) Amounts recognized in the Statements of Financial Position Prepaid benefit cost $ 3,622 $ 3,272 $ 0 $ 0 Accrued benefit liability (2,202) (2,817) (157) (172) Net amount recognized $ 1,420 $ 455 $ (157) $ (172) Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost: Prior service cost $ (2) $ (5) $ (54) $ (69) Net actuarial loss 2,466 3,131 222 211 Net amount not recognized $ 2,464 $ 3,126 $ 168 $ 142 Accumulated benefit obligation $ (10,661) $ (13,969) $ (1,348) $ (1,793) __________ (1) For both 2022 and 2021, actuarial gains for pension and other postretirement benefits were primarily driven by an increase in the discount rate.
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	2022 2021 (in millions) Projected benefit obligation $ 2,202 $ 2,817 Fair value of plan assets $ 0 $ 0
Schedule of Net Benefit Costs	Net periodic (benefit) cost included in “General and administrative expenses” in the Company’s Consolidated Statements of Operations for the years ended December 31, includes the following components: Pension Benefits Other Postretirement 2022 2021 2020 2022 2021 2020 (in millions) Service cost $ 276 $ 328 $ 321 $ 13 $ 27 $ 24 Interest cost 431 364 429 56 49 64 Expected return on plan assets (866) (824) (804) (102) (102) (100) Amortization of prior service cost (1) (3) (4) (8) 6 6 Amortization of actuarial (gain) loss, net 160 245 262 6 16 16 Settlements 2 5 9 0 0 0 Curtailments(1) 0 1 0 (7) 0 0 Special termination benefits(2)(3) 4 1 7 4 0 0 Net periodic (benefit) cost $ 6 $ 117 $ 220 $ (38) $ (4) $ 10 __________ (1) For 2022, curtailments are recognized as a result of the sale of the Full Service Retirement business for other postretirement benefit plans. (2) For 2022, certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination while others were provided enhanced benefits due to the sale of the Full Service Retirement business. (3) For 2021 and 2020, certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination or participation in the Voluntary Separation Program that was offered to eligible U.S.-based employees in 2019.
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets	2022 2021 (in millions) Accumulated benefit obligation $ 2,072 $ 2,620 Fair value of plan assets $ 0 $ 0
Schedule of Changes in Accumulated Other Comprehensive Income	The amounts recorded in AOCI as of the end of the period, which have not yet been recognized as a component of net periodic (benefit) cost, and the related changes in these items during the period that are recognized in “Other comprehensive income (loss)” are as follows: Pension Benefits Other Postretirement Prior Net Prior Net (in millions) Balance, December 31, 2019 $ (12) $ 4,191 $ 65 $ 341 Amortization for the period 4 (262) (6) (16) Deferrals for the period(1) 0 42 0 30 Impact of foreign currency changes and other (2) 1 0 (1) Balance, December 31, 2020 (10) 3,972 59 354 Amortization for the period 3 (245) (6) (16) Deferrals for the period(2) 0 (545) (121) (127) Impact of foreign currency changes and other 2 (51) (1) 0 Balance, December 31, 2021 (5) 3,131 (69) 211 Amortization for the period 1 (160) 8 (6) Deferrals for the period(3) 1 (431) 0 20 Impact of foreign currency changes and other 1 (74) 7 (3) Balance, December 31, 2022 $ (2) $ 2,466 $ (54) $ 222 __________ (1) For 2020, deferred losses for pension and other postretirement benefits were driven by a decrease in discount rate partially offset by favorable asset performance. (2) For 2021, deferred gains for pension and other postretirement benefits were driven by an increase in discount rate and favorable asset performance. (3) For 2022, deferred gains for pension were driven by an increase in discount rate offset partially by unfavorable asset performance. Deferred losses for other postretirement benefits were driven by unfavorable asset performance partially offset by an increase in discount rate.
Schedule of Assumptions Used	The Company’s assumptions related to the calculation of the domestic benefit obligation (end of period) and the determination of net periodic (benefit) cost (beginning of period) are presented in the table below: Pension Benefits Other Postretirement Benefits 2022 2021 2020 2022 2021 2020 Weighted average assumptions Discount rate (beginning of period) 2.85 % 2.55 % 3.30 % 2.75 % 2.40 % 3.25 % Discount rate (end of period) 5.45 % 2.85 % 2.55 % 5.55 % 2.75 % 2.40 % Rate of increase in compensation levels (beginning of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Rate of increase in compensation levels (end of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Expected return on plan assets (beginning of period) 6.00 % 5.75 % 6.00 % 7.00 % 6.75 % 6.75 % Interest crediting rate (beginning of period) 4.25 % 4.25 % 4.30 % N/A N/A N/A Interest crediting rate (end of period) 4.25 % 4.25 % 4.25 % N/A N/A N/A Health care cost trend rates (beginning of period) N/A N/A N/A 6.00 % 6.25 % 6.25 % Health care cost trend rates (end of period) N/A N/A N/A 6.50 % 6.00 % 6.25 % For 2022, 2021 and 2020, the ultimate health care cost trend rate after gradual decrease until: 2028, 2028, 2028, (beginning of period) N/A N/A N/A 4.50 % 4.50 % 4.50 % For 2022, 2021 and 2020, the ultimate health care cost trend rate after gradual decrease until: 2030, 2028, 2028 (end of period) N/A N/A N/A 4.75 % 4.50 % 4.50 %
Schedule of Plans Assets-Fair Value and Allocation % (Target/Actual)	Asset allocation targets as of December 31, 2022 are as follows: Pension Postretirement Minimum Maximum Minimum Maximum Asset Category U.S. Equities 3 % 7 % 37 % 78 % International Equities 3 % 9 % 2 % 24 % Fixed Maturities 45 % 61 % 9 % 43 % Short-term Investments 0 % 14 % 0 % 23 % Real Estate 3 % 18 % 0 % 0 % Other 5 % 36 % 0 % 0 % Pension plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2022 As of December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Fixed Maturities: U.S. government securities (federal) $ 0 $ 406 $ 0 $ 406 $ 0 $ 1,081 $ 0 $ 1,081 U.S. government securities (state & other) 0 376 0 376 0 518 0 518 Non-U.S. government securities 0 57 0 57 0 114 0 114 Corporate Debt: Corporate bonds 0 2,619 0 2,619 0 3,809 0 3,809 Asset-backed 0 46 0 46 0 23 0 23 Collateralized mortgage obligations 0 472 0 472 0 570 0 570 Collateralized loan obligations 0 650 0 650 0 502 0 502 Interest rate swaps(1) 0 11 0 11 0 (1) 0 (1) Registered investment companies 65 0 0 65 85 0 0 85 Other(2) 17 0 65 82 11 4 42 57 Subtotal fixed maturities 82 4,637 65 4,784 96 6,620 42 6,758 Real Estate: Partnerships 0 0 1,004 1,004 0 0 998 998 Other: Partnerships 0 0 1,713 1,713 0 0 1,800 1,800 Hedge funds 0 0 1,455 1,455 0 0 1,304 1,304 Subtotal other 0 0 3,168 3,168 0 0 3,104 3,104 Net assets in the fair value hierarchy $ 82 $ 4,637 $ 4,237 $ 8,956 $ 96 $ 6,620 $ 4,144 $ 10,860 Investments Measured at Net Asset Value, as a Practical Expedient(3): Pooled separate accounts $ 2,347 $ 2,554 Common/collective trusts 1,131 1,643 United Kingdom insurance pooled funds 85 185 Net assets at fair value $ 12,519 $ 15,242 _______________ (1) Interest rate swaps notional amount is $1,373 million and $433 million for the years ended December 31, 2022 and 2021, respectively. (2) This category primarily consists of cash and cash equivalents, short-term investments, payables and receivables, and open future contract positions (including fixed income collateral). (3) The pension plan excludes from the fair value hierarchy investments that are measured at NAV per share (or its equivalent) as a practical expedient to estimate fair value. Postretirement plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2022 As of December 31, 2021 Level 1 Level 2 Level 3(3) Total Level 1 Level 2 Level 3 Total (in millions) Equities: U.S. equities(1) $ 0 $ 24 $ 0 $ 24 $ 0 $ 28 $ 0 $ 28 International equities 0 8 0 8 0 10 0 10 Subtotal equities 0 32 0 32 0 38 0 38 Fixed Maturities: Equities(1) 0 11 0 11 0 12 0 12 Subtotal fixed maturities 0 11 0 11 0 12 0 12 Short-term Investments: Registered investment companies 50 0 0 50 114 0 0 114 Net assets in the fair value hierarchy $ 50 $ 43 $ 0 $ 93 $ 114 $ 50 $ 0 $ 164 Investments Measured at Net Asset Value, as a Practical Expedient(2): Common/collective trusts $ 189 $ 294 Net assets at fair value 282 458 Variable Life Insurance Policies at contract value 909 1,163 Total net assets $ 1,191 $ 1,621 __________ (1) Prior period amounts have been updated to conform to current period presentation. (2) The postretirement plan excludes from the fair value hierarchy investments that are measured at NAV per share (or its equivalent) as a practical expedient to estimate fair value. (3) There were no changes in the fair value of Level 3 postretirement assets from December 31, 2021 through December 31, 2022.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets	Fixed Maturities Real Other Other Partnerships Partnerships Hedge Fund (in millions) Fair Value, January 1, 2021 $ 35 $ 838 $ 1,234 $ 1,327 Actual Return on Assets: Relating to assets still held at the reporting date 0 128 639 98 Relating to assets sold during the period 0 0 0 0 Purchases, sales and settlements 7 32 (73) (121) Transfers in and/or out of Level 3 0 0 0 0 Fair Value, December 31, 2021 $ 42 $ 998 $ 1,800 $ 1,304 Actual Return on Assets: Relating to assets still held at the reporting date 0 56 (92) 33 Relating to assets sold during the period 0 0 0 0 Purchases, sales and settlements 23 (50) 5 118 Transfers in and/or out of Level 3 0 0 0 0 Fair Value, December 31, 2022 $ 65 $ 1,004 $ 1,713 $ 1,455
Schedule of Expected Benefit Payments	The expected benefit payments for the Company’s pension and postretirement plans for the years indicated are as follows: Pension Benefit Other (in millions) 2023 $ 824 $ 149 2024 833 151 2025 861 150 2026 880 143 2027 909 136 2028-2032 4,554 555 Total $ 8,861 $ 1,284

Equity (Tables)

Equity (Tables)	12 Months Ended
Equity (Tables)	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Common Stock Disclosure	The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Outstanding (in millions) Balance, December 31, 2019 666.3 267.5 398.8 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 6.7 (6.7) Stock-based compensation programs(1) 0.0 (4.3) 4.3 Balance, December 31, 2020 666.3 269.9 396.4 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 24.5 (24.5) Stock-based compensation programs(1) 0.0 (4.4) 4.4 Balance, December 31, 2021 666.3 290.0 376.3 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 14.5 (14.5) Stock-based compensation programs(1) 0.0 (4.2) 4.2 Balance, December 31, 2022 666.3 300.3 366.0 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.
Share Repurchases Authorizations	The following table summarizes share repurchases for each of the past three years as well as the share repurchase authorization for 2023, which was approved by the Board of Directors in February 2023: January 1, 2023 - January 1, 2022 - January 1, 2021 - January 1, 2020 - Total Board authorized share repurchase amount ($ in billions) $ 1.0 $ 1.5 $ 2.5 $ 2.0 Total number of shares repurchased under this authorization as of the period end (in millions) N/A* 14.5 24.5 6.7 __________ * Share repurchase authorization for a future period. (1) In April 2020, the Company suspended Common Stock repurchases under the 2020 share repurchase authorization and did not resume share repurchases for the remainder of the authorization period.
Components of Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the years ended December 31, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Pension and Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2019 $ (536) $ 28,112 $ (3,537) $ 24,039 Change in OCI before reclassifications 455 8,112 (70) 8,497 Amounts reclassified from AOCI 57 (883) 280 (546) Income tax benefit (expense) 76 (1,276) (52) (1,252) Balance, December 31, 2020 52 34,065 (3,379) 30,738 Change in OCI before reclassifications (1,058) (9,226) 843 (9,441) Amounts reclassified from AOCI (65) (2,486) 264 (2,287) Income tax benefit (expense) (79) 2,634 (241) 2,314 Balance, December 31, 2021 (1,150) 24,987 (2,513) 21,324 Change in OCI before reclassifications (1,198) (53,253) 479 (53,972) Amounts reclassified from AOCI 15 586 157 758 Income tax benefit (expense) (49) 12,262 (150) 12,063 Balance, December 31, 2022 $ (2,382) $ (15,418) $ (2,027) $ (19,827) __________ (1) Includes cash flow hedges of $2,616 million, $1,019 million and $(168) million as of December 31, 2022, 2021, and 2020, respectively, and fair value hedges of $(54) million, $(35) million, and $0 million as of December 31, 2022, 2021, and 2020, respectively.
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Years Ended December 31, Affected line item in Consolidated 2022 2021 2020 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustment $ (15) $ 2 $ 1 Realized investment gains (losses), net Foreign currency translation adjustment 0 63 (58) Other income (loss) Total foreign currency translation adjustment (15) 65 (57) Net unrealized investment gains (losses): Cash flow hedges—Interest Rate (7) 0 40 (3) Cash flow hedges—Currency 15 (4) 5 (3) Cash flow hedges—Currency/Interest rate 897 557 110 (3) Fair value hedges—Currency (4) (6) (1) (3) Net unrealized investment gains (losses) on available-for-sale securities (1,487) 1,939 729 Realized investment gains (losses), net Total net unrealized investment gains (losses) (586) 2,486 883 (4) Amortization of defined benefit items: Prior service cost 9 (3) (2) (5) Actuarial gain (loss) (166) (261) (278) (5) Total amortization of defined benefit items (157) (264) (280) Total reclassifications for the period $ (758) $ 2,287 $ 546 __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information regarding cash flow and fair value hedges. (4) See table below for additional information regarding unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 18 for information regarding employee benefit plans.
OTTI, Allowance and All Other Net Unrealized Investment Gain Loss AOCI Rollforward	The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an OTTI loss had been previously recognized, an allowance for credit losses has been recorded, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Gains (Losses) on Available-for-Sale Fixed Maturity Securities on which an OTTI Loss has been Recognized Net Unrealized Gains (Losses) on Available-for-Sale Fixed Maturity Securities on which an Allowance for Credit Losses has been Recorded Net DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Policyholders’ Income Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2019 $ 243 $ 0 $ 45,096 $ (1,585) $ (2,909) $ (3,366) $ (9,367) $ 28,112 Reclassification to all other due to implementation of ASU 2016-13(2) (243) 243 0 0 Net investment gains (losses) on investments arising during the period 47 13,914 (2,665) 11,296 Reclassification adjustment for (gains) losses included in net income 25 (908) 168 (715) Reclassification adjustment for OTTI losses excluded from net income (97) 97 0 0 Impact of net unrealized investment (gains) losses 356 (3,679) (2,526) 1,221 (4,628) Balance, December 31, 2020 $ 0 $ (25) $ 58,442 $ (1,229) $ (6,588) $ (5,892) $ (10,643) $ 34,065 Net investment gains (losses) on investments arising during the period 41 (15,505) 3,435 (12,029) Reclassification adjustment for (gains) losses included in net income 10 (2,496) 552 (1,934) Reclassification due to allowance for credit losses recorded during the period (3) 3 0 0 Impact of net unrealized investment (gains) losses 686 3,317 2,235 (1,353) 4,885 Balance, December 31, 2021 $ 0 $ 23 $ 40,444 $ (543) $ (3,271) $ (3,657) $ (8,009) $ 24,987 Net investment gains (losses) on investments arising during the period (90) (65,989) 15,176 (50,903) Reclassification adjustment for (gains) losses included in net income 23 563 (135) 451 Reclassification due to allowance for credit losses recorded during the period (1) 1 0 0 Impact of net unrealized investment (gains) losses 335 5,641 6,850 (2,779) 10,047 Balance, December 31, 2022 $ 0 $ (45) $ (24,981) $ (208) $ 2,370 $ 3,193 $ 4,253 $ (15,418) __________ (1) Includes cash flow and fair value hedges. See Note 5 for additional information. (2) Represents net unrealized gains (losses) for which an OTTI loss had been previously recognized.
Statutory Financial Information	The following table summarizes certain statutory financial information for the Company’s U.S. insurance subsidiary for the periods indicated: PICA In millions and presented as of or for the year ended December 31, 2022 December 31, 2021 December 31, 2020 Statutory net income (loss)(1) $ 1,116 $ 966 $ 1,770 Statutory capital and surplus(1) $ 14,049 $ 19,123 $ 11,597 __________ (1) Prior year amounts have been updated to conform to finalized statutory filing where applicable.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share	A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the years ended December 31, is as follows: 2022 2021 2020 Income Weighted Per Share Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ (1,462) $ 7,794 $ (146) Less: Income (loss) attributable to noncontrolling interests (24) 70 228 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 25 115 21 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,463) 372.3 $ (3.93) $ 7,609 387.2 $ 19.65 $ (395) 395.8 $ (1.00) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 25 $ 115 $ 21 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 25 115 21 Stock options 0.0 0.7 0.0 Deferred and long-term compensation programs 0.0 2.2 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,463) 372.3 $ (3.93) $ 7,609 390.1 $ 19.51 $ (395) 395.8 $ (1.00)
Earnings Per Share Computation	For the years ended December 31, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: 2022 2021 2020 Shares Exercise Shares Exercise Shares Exercise (in millions, except per share amounts, based on Antidilutive stock options based on application of the treasury stock method 0.5 $ 108.19 1.0 $ 102.54 3.3 $ 82.06 Antidilutive stock options due to net loss available to holders of Common Stock 0.4 0.0 0.4 Antidilutive shares based on application of the treasury stock method 0.1 0.0 0.2 Antidilutive shares due to net loss available to holders of Common Stock 2.0 0.0 1.6 Total antidilutive stock options and shares 3.0 1.0 5.5

Share-Based Payments (Tables)

Share-Based Payments (Tables)	12 Months Ended
Share-Based Payments (Tables)	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following table summarizes the compensation cost recognized and the related income tax benefit for stock options, restricted stock units, performance shares and performance units for the years ended December 31: 2022 2021 2020 Omnibus Incentive Plan: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 1 $ 0 $ 2 $ 0 $ 11 $ 3 Employee restricted stock units 189 44 178 41 162 38 Employee performance shares and performance units 18 4 88 20 53 12 Total $ 208 $ 48 $ 268 $ 61 $ 226 $ 53 __________ (1) Compensation costs related to retirement eligible participants are recorded on the grant date (typically in the first quarter of every year). 2022 2021 2020 Assurance IQ Acquisition: Total Income Tax Total Income Tax Total Income Tax (in millions) Employee stock options $ 10 $ 2 $ 14 $ 3 $ 14 $ 4 Employee restricted stock units 2 1 2 0 2 1 Employee performance shares 0 0 0 0 0 0 Total $ 12 $ 3 $ 16 $ 3 $ 16 $ 5
Schedule of Share Based Compensation Stock Options Activity	A summary of the status of the Company’s stock option grants is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Shares Weighted Average Shares Weighted Average Outstanding at December 31, 2021 3,034,103 $ 87.54 211,462 $ 2.12 Granted 0 0.00 0 0.00 Exercised (814,771) 73.34 (143,640) 2.41 Forfeited (1,784) 95.79 (12,375) 1.29 Expired (11,179) 108.33 (1,679) 2.67 Outstanding at December 31, 2022 2,206,369 $ 92.67 53,768 $ 1.49 Exercisable at December 31, 2022 2,007,611 $ 92.35 27,753 $ 1.19 The weighted average remaining contractual term and the aggregate intrinsic value of stock options outstanding and exercisable as of December 31, 2022 is as follows: Employee Stock Options Omnibus Incentive Plan Assurance IQ Acquisition Weighted Average Aggregate Weighted Average Aggregate (in years) (in millions) (in years) (in millions) Outstanding 3.88 years $ 21 5.91 years $ 5 Exercisable 3.64 years $ 20 5.84 years $ 3
Schedule of Nonvested Share Activity	A summary of the Company’s restricted stock units, performance shares and performance unit awards under the Omnibus Incentive Plan is as follows: Restricted Weighted Performance Weighted Restricted at December 31, 2021 5,803,389 $ 88.62 2,159,490 $ 88.46 Granted 1,908,925 119.71 606,171 121.29 Forfeited (257,871) 98.59 (20,381) 94.94 Performance adjustment (2) 0 0.00 (40,081) 90.75 Released (2,463,403) 89.68 (644,025) 90.50 Restricted at December 31, 2022 4,991,040 $ 99.48 2,061,174 $ 97.44 __________ (1) Performance share and performance unit awards reflect the target units awarded, reduced for forfeitures and releases to date. The actual number of units to be awarded at the end of each performance period will range between 0% and 150% of the target number of units granted, based upon a measure of the reported performance for the Company relative to stated goals. Performance awards granted to senior management in 2021 include a stated goal related to diversity & inclusion that can modify the performance result by +/- 10%. (2) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company.
Share-Based Payments	A summary of the Company’s restricted stock units and performance share awards related to the Assurance IQ acquisition is as follows: Restricted Weighted Performance Weighted Restricted at December 31, 2021 36,812 $ 87.67 1,327,936 $ 88.50 Granted 0 0.00 0 0.00 Forfeited (768) 87.67 (423,128) 88.10 Performance adjustment(2) 0 0.00 (904,808) 88.55 Released (17,008) 87.67 0 0.00 Restricted at December 31, 2022 19,036 $ 87.67 0 $ 0.00 __________ (1) Performance share awards related to the Assurance IQ acquisition reflect the maximum number of units that have been awarded under the terms of the acquisition. The actual number of units that will be awarded at the end of the performance period will range between 0% and 100% of the number of units granted, based upon a predetermined formula for achieving certain targets for gross revenues, net of associated selling expenses, between $900 million and $1,300 million. (2) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company. Performance share awards related to the Assurance IQ acquisition have been reduced to zero as they did not reach the predetermined targets noted above during the performance period, which ended on December 31, 2022.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth the significant components of “Realized investment gains (losses), net” that are included in adjusted operating income and, as a result, are reflected as adjustments to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2022 2021 2020 (in millions) Net gains (losses) from(1): Terminated hedges of foreign currency earnings $ 22 $ 33 $ 72 Current period yield adjustments $ 515 $ 526 $ 293 Principal source of earnings $ 245 $ 96 $ 57 __________ (1) In addition to the items in the table above, “Realized investment gains (losses), net, and related charges and adjustments” also includes an adjustment to reflect “Realized investment gains (losses), net” related to Divested and Run-off Businesses. See “Divested and Run-off Businesses” discussed below. The following table sets forth certain other items excluded from adjusted operating income and reflected as an adjustment to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2022 2021 2020 (in millions) Net gains (losses) from: Investments carried at fair value through net income $ (1,562) $ (123) $ 149 Foreign currency exchange movements $ 49 $ 22 $ (14) Other activities $ (33) $ (33) $ (39) The table below reconciles adjusted operating income before income taxes to income before income taxes and equity in earnings of operating joint ventures: Year ended December 31, 2022 2021 2020 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 843 $ 1,643 $ 1,262 U.S. Businesses: Institutional Retirement Strategies 1,541 2,178 1,385 Individual Retirement Strategies 2,682 1,901 1,470 Retirement Strategies(1) 4,223 4,079 2,855 Group Insurance (16) (455) (16) Individual Life (1,215) 393 (48) Assurance IQ (113) (142) (88) Total U.S. Businesses 2,879 3,875 2,703 International Businesses 2,404 3,390 2,952 Corporate and Other (1,476) (1,607) (1,967) Total segment adjusted operating income before income taxes 4,650 7,301 4,950 Reconciling Items: Realized investment gains (losses), net, and related adjustments (5,670) 1,947 (4,140) Charges related to realized investment gains (losses), net (531) (320) (160) Market experience updates 781 750 (640) Divested and Run-off Businesses: Closed Block division (32) 140 (24) Other Divested and Run-off Businesses 9 716 (450) Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (44) (41) 90 Other adjustments(2) (939) (1,112) 51 Consolidated income (loss) before income taxes and equity in earnings of operating joint ventures $ (1,776) $ 9,381 $ (323) __________ (1) The Retirement Strategies segment’s results reflect DAC as if the business is a stand-alone operation. The elimination of intersegment costs capitalized in accordance with this policy is included in consolidating adjustments within Corporate and Other operations. (2) Includes goodwill impairments of $903 million and $1,060 million recorded in the fourth quarters of 2022 and 2021, respectively, related to Assurance IQ. See Note 2 and Note 10 for additional information.
Schedule of Segment Reporting Information, by Segment	The tables below present certain financial information for the Company’s segments and its Corporate and Other operations, including assets by segment and revenues, and benefits and expenses by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Consolidated Financial Statements. As of December 31, 2022 2021 (in millions) Assets by segment: PGIM $ 48,364 $ 53,566 U.S. Businesses: Institutional Retirement Strategies 108,723 114,016 Individual Retirement Strategies 128,888 201,273 Retirement Strategies(1) 237,611 315,289 Group Insurance 38,201 43,286 Individual Life 101,703 118,237 Assurance IQ 847 1,788 Total U.S. Businesses 378,362 478,600 International Businesses 185,555 222,736 Corporate and Other(1) 26,714 122,701 Closed Block division 50,922 59,979 Total assets per Consolidated Statements of Financial Position $ 689,917 $ 937,582 __________ (1) Certain assets are classified as “held-for-sale” as of December 31, 2021. See Note 1 for additional information. Year Ended December 31, 2022 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 3,622 $ 94 $ 2,779 $ 0 $ 0 $ 0 $ 57 $ 3 U.S. Businesses: Institutional Retirement Strategies 19,441 3,653 17,900 17,275 383 0 15 23 Individual Retirement Strategies 5,312 918 2,630 251 331 0 (55) 442 Retirement Strategies 24,753 4,571 20,530 17,526 714 0 (40) 465 Group Insurance 6,123 479 6,139 4,920 153 0 4 5 Individual Life 7,074 2,472 8,289 4,610 927 34 810 481 Assurance IQ 510 3 623 0 0 0 12 0 Total U.S. Businesses 38,460 7,525 35,581 27,056 1,794 34 786 951 International Businesses 20,074 4,966 17,670 13,067 741 47 35 1,276 Corporate and Other (465) 599 1,011 1 137 0 711 (45) Total revenues, and benefits and expenses on an adjusted operating income basis 61,691 13,184 57,041 40,124 2,672 81 1,589 2,185 Reconciling items: Realized investment gains (losses), net, and related adjustments (5,861) (23) (191) 0 (191) 0 0 0 Charges related to realized investment gains (losses), net (160) 0 371 289 120 0 0 183 Market experience updates 583 0 (198) (259) 28 0 0 37 Divested and Run-off Businesses: Closed Block division 2,957 1,976 2,989 2,436 121 115 9 19 Other Divested and Run-off Businesses 845 900 836 897 (434) 2 (2) 5 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (5) 0 39 0 0 0 0 0 Other adjustments 0 0 939 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 60,050 $ 16,037 $ 61,826 $ 43,487 $ 2,316 $ 198 $ 1,596 $ 2,429 Year Ended December 31, 2021 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 4,493 $ 157 $ 2,850 $ 0 $ 0 $ 0 $ 25 $ 6 U.S. Businesses: Institutional Retirement Strategies 15,298 3,921 13,120 12,525 348 0 14 22 Individual Retirement Strategies 4,914 925 3,013 281 359 0 18 559 Retirement Strategies 20,212 4,846 16,133 12,806 707 0 32 581 Group Insurance 6,217 538 6,672 5,482 171 0 3 5 Individual Life 6,897 2,550 6,504 3,219 871 35 752 395 Assurance IQ 558 2 700 0 0 0 11 0 Total U.S. Businesses 33,884 7,936 30,009 21,507 1,749 35 798 981 International Businesses 21,915 5,403 18,525 13,804 799 46 6 1,148 Corporate and Other (511) 664 1,096 (24) 135 0 645 (55) Total revenues, and benefits and expenses on an adjusted operating income basis 59,781 14,160 52,480 35,287 2,683 81 1,474 2,080 Reconciling items: Realized investment gains (losses), net, and related adjustments 2,313 (40) 366 0 366 0 0 0 Charges related to realized investment gains (losses), net (248) 0 72 (165) 84 0 0 153 Market experience updates 335 0 (415) (200) (45) 0 0 (163) Divested and Run-off Businesses: Closed Block division 5,947 2,500 5,807 2,557 124 2,794 0 21 Other Divested and Run-off Businesses 2,903 1,667 2,187 979 270 (1) 4 6 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (97) 0 (56) 0 0 0 0 0 Other adjustments 0 0 1,112 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 70,934 $ 18,287 $ 61,553 $ 38,458 $ 3,482 $ 2,874 $ 1,478 $ 2,097 Year Ended December 31, 2020 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 4,153 $ 304 $ 2,891 $ 0 $ 0 $ 0 $ 19 $ 8 U.S. Businesses: Institutional Retirement Strategies 10,051 3,446 8,666 8,009 410 0 20 16 Individual Retirement Strategies 4,440 898 2,970 337 337 0 59 524 Retirement Strategies 14,491 4,344 11,636 8,346 747 0 79 540 Group Insurance 5,786 526 5,802 4,664 206 0 3 8 Individual Life 6,398 2,314 6,446 3,170 848 36 769 367 Assurance IQ 391 2 479 0 0 0 5 0 Total U.S. Businesses 27,066 7,186 24,363 16,180 1,801 36 856 915 International Businesses 21,576 4,982 18,624 13,714 851 40 8 1,204 Corporate and Other (513) 660 1,454 30 129 0 668 (49) Total revenues, and benefits and expenses on an adjusted operating income basis 52,282 13,132 47,332 29,924 2,781 76 1,551 2,078 Reconciling items: Realized investment gains (losses), net, and related adjustments (4,072) (39) 68 0 68 0 0 0 Charges related to realized investment gains (losses), net (134) 0 26 0 (58) 0 0 (115) Market experience updates (196) 0 444 261 21 0 0 132 Divested and Run-off Businesses: Closed Block division 4,766 2,240 4,790 2,757 127 1,549 1 26 Other Divested and Run-off Businesses 4,420 2,077 4,870 2,117 1,599 0 8 100 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (138) 0 (228) 0 0 0 0 0 Other adjustments 105 0 54 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 57,033 $ 17,410 $ 57,356 $ 35,059 $ 4,538 $ 1,625 $ 1,560 $ 2,221
Schedule Of Revenues From Domestic And Foreign Operations	Revenues, calculated in accordance with U.S. GAAP, for the years ended December 31, include the following by geographic location that are 10 percent or more of the Company’s total consolidated revenue: 2022 2021 2020 (in millions) United States $ 38,849 $ 45,286 $ 30,803 Japan 15,682 18,852 20,028 Other countries 5,519 6,796 6,202 Total PFI consolidated revenue $ 60,050 $ 70,934 $ 57,033
Schedule Of Intersegment Revenues	The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, for the years ended December 31, as follows: 2022 2021 2020 (in millions) PGIM segment intersegment revenues $ 822 $ 939 $ 866
Schedule of Asset Mgmt and Service Fees	The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: 2022 2021 2020 (in millions) Asset-based management fees $ 3,434 $ 4,111 $ 3,615 Performance-based incentive fees 84 147 193 Other fees 544 643 583 Total asset management and service fees $ 4,062 $ 4,901 $ 4,391

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	12 Months Ended
Commitments and Contingent Liabilities (Tables)	Dec. 31, 2022
Commitments and Contingent Liabilities [Line Items]
Mortgage Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: December 31, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 9,096 16.2 % $ 10,225 17.6 % Retail 6,103 10.8 6,779 11.7 Apartments/Multi-Family 15,381 27.3 16,742 28.8 Industrial 13,079 23.2 13,009 22.4 Hospitality 2,027 3.6 1,876 3.2 Other 3,791 6.7 3,936 6.8 Total commercial mortgage loans 49,477 87.8 52,567 90.5 Agricultural property loans 6,857 12.2 5,520 9.5 Total commercial mortgage and agricultural property loans 56,334 100.0 % 58,087 100.0 % Allowance for credit losses (201) (115) Total net commercial mortgage and agricultural property loans 56,133 57,972 Other loans: Uncollateralized loans 463 561 Residential property loans 43 67 Other collateralized loans 108 70 Total other loans 614 698 Allowance for credit losses (2) (4) Total net other loans 612 694 Total net commercial mortgage and other loans(1)(2) $ 56,745 $ 58,666 __________ (1) Excludes “Assets held-for-sale” of $6,565 million net of allowance for credit losses of $15 million as of December 31, 2021. See Note 1 for additional information. (2) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of December 31, 2022 and 2021, the net carrying value of these loans was $137 million and $1,263 million, respectively.
Insolvency Assessment	Assets and liabilities held for insolvency assessments were as follows: December 31, 2022 2021 (in millions) Other assets: Premium tax offset for future undiscounted assessments $ 37 $ 40 Premium tax offset currently available for paid assessments 2 2 Total $ 39 $ 42 Other liabilities: Insolvency assessments $ 29 $ 35
Commitments \| Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Mortgage Loans	Commercial Mortgage Loan Commitments December 31, 2022 2021 (in millions) Total outstanding mortgage loan commitments(1) $ 1,995 $ 2,300 Portion of commitment where prearrangement to sell to investor exists $ 582 $ 1,102 __________ (1) Includes commitments of $21 million related to held-for-sale operations as of December 31, 2021. See Note 1 for additional information.
Commitments \| Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)	Commitments to Purchase Investments (excluding Commercial Mortgage Loans) December 31, 2022 2021 (in millions) Expected to be funded from the general account and other operations outside the separate accounts(1) $ 8,376 $ 10,347 Expected to be funded from separate accounts $ 183 $ 236 __________ (1) Includes commitments of $118 million related to held-for-sale operations as of December 31, 2021. See Note 1 for additional information.
Indemnification
Commitments and Contingent Liabilities [Line Items]
Indemnification of Securities Lending and Securities Repurchase Transactions	Indemnification of Securities Lending and Securities Repurchase Transactions December 31, 2022 2021 (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,834 $ 6,499 Fair value of related collateral associated with above indemnifications(2) $ 5,985 $ 6,635 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) Includes $0 million and $30 million related to securities repurchase transactions as of December 31, 2022 and 2021, respectively. (2) Includes $0 million and $29 million related to securities repurchase transactions as of December 31, 2022 and 2021, respectively.
Indemnification \| Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Mortgage Loans	Indemnification of Serviced Mortgage Loans December 31, 2022 2021 (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,972 $ 2,930 First-loss exposure portion of above $ 862 $ 854 Accrued liability associated with guarantees(1) $ 33 $ 41 __________ (1) As of December 31, 2022 and 2021, the accrued liability associated with guarantees includes an allowance for credit losses of $17 million and $20 million. The change in allowance is a reduction of $3 million and $0 million as of December 31, 2022 and 2021, respectively.
Guarantee of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guarantees	Guarantees of Asset Values December 31, 2022 2021 (in millions) Guaranteed value of third parties’ assets $ 84,338 $ 81,984 Fair value of collateral supporting these assets $ 77,693 $ 83,609 Asset (liability) associated with guarantee, carried at fair value $ 1 $ 1
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Guarantees	Other Guarantees December 31, 2022 2021 (in millions) Other guarantees where amount can be determined $ 57 $ 47 Accrued liability for other guarantees and indemnifications $ 33 $ 34

Business and Basis of Present_2

Business and Basis of Presentation (Dispositions Narratives) (Details) ₩ in Millions, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jun. 30, 2022 USD ($)	Apr. 01, 2022 USD ($)	Jun. 30, 2021 TWD ($)	Mar. 01, 2021	Aug. 31, 2020 USD ($)	Aug. 31, 2020 KRW (₩)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	$ (1,776)	$ 9,381		$ (323)
Other Income	(273)	2,951		1,950
Fixed Maturities, AFS, allowance for credit losses	138	114
Fixed Maturities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed Maturities, AFS, allowance for credit losses	138	114
Other Guarantees
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accrued Liability associated with guarantee	33	34
Individual Annuities PALAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (Loss) on Disposition of Business	852
Retirement Full Service
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (Loss) on Disposition of Business	620
Equity Method Investment, Deferred Gain on Sale	400
The Prudential Life Insurance Company of Taiwan Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Business Combination, Contingent Consideration, Asset	100
Held-for-sale \| Fixed Maturities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed Maturities, AFS, allowance for credit losses		1
Held-for-sale \| Individual Annuities PALAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash considerations for sale of a business						$ 852
Held-for-sale \| Individual Annuities PALAC \| Variable Annuity
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	30,000
Commercial mortgage and other loans, and fixed maturities available-for-sale					$ 1,700
Held-for-sale \| Retirement Full Service
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(200)	190		179
Other Income	820
Gain (Loss) on Disposition of Business	620
Gain (Loss) on Investments	150
Equity Method Investment, Deferred Gain on Sale	400
Held-for-sale \| The Prudential Life Insurance Company of Taiwan Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash considerations for sale of a business			$ 200				$ 5,500
Other Income		(50)	$ (400)	(350)
Business Combination, Contingent Consideration, Asset	100
Held-for-sale \| The Prudential Life Insurance Company of Taiwan Inc. \| Other Guarantees
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accrued Liability associated with guarantee	$ 33
Held-for-sale \| The Prudential Life Insurance Company of Korea, Ltd.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash considerations for sale of a business									$ 1,900	₩ 2,300,000
Other Income				$ 800
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Pramerica SGR
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage								35%
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Pramerica SGR
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other Income		$ 330
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Pramerica SGR \| Pramerica SGR
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage								35%

Business and Basis of Present_3

Business and Basis of Presentation (Held-For-Sale Table) (Details) - USD ($) $ in Millions		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities, available-for-sale, at fair value		$ 335,447		$ 333,459
Fixed Maturities, Trading, amortized cost		7,303		8,741
Assets supporting experience-rated contractholder liabilities, at fair value		2,844		3,358
Equity securities, at fair value (cost: 2022- $25; 2021- $25)	[1]	7,150		8,574
Commercial mortgage and other loans (net of $203 and $119 allowance for credit losses; includes $137 and $1,263 of loans measured at fair value under the fair value option at December 31, 2022 and 2021, respectively)	[1]	56,745		58,666
Policy loans		10,046		10,386
Other invested assets	[1]	21,099		21,833
Cash and cash equivalents		17,251	[1]	12,888	[1]	$ 13,701
Accrued investment income	[1]	3,012		2,855
Deferred Policy Acquisition Cost		19,537		18,192		19,027	$ 19,912
Value of business acquired		595		771		1,103	1,110
Other assets	[1]	30,188		10,739
Separate account assets		197,679		246,145
Assets held-for-sale		0		153,793	[2]
Future policy benefits		284,452		290,784
Total policyholders’ account balances		135,602		122,633
Cash collateral for loaned securities		6,100		4,251
Other liabilities	[1]	20,536		11,755
Separate account liabilities		197,679		246,145
Liabilities held-for-sale		0		151,359	[2]
Goodwill		876		1,804		3,035	3,013
Fixed Maturities, AFS, allowance for credit losses		138		114
Fixed Maturities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities, available-for-sale, at fair value		335,447		333,459
Assets supporting experience-rated contractholder liabilities, at fair value		945		1,057
Accrued investment income		2,517		2,398
Fixed Maturities, AFS, allowance for credit losses		138		114
Assurance IQ
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill		$ 177		1,080		$ 2,140	$ 2,128
Retirement Full Service
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill				455
Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities, available-for-sale, at fair value				13,569
Fixed Maturities, Trading, amortized cost				401
Assets supporting experience-rated contractholder liabilities, at fair value				18,818
Equity securities, at fair value (cost: 2022- $25; 2021- $25)				322
Commercial mortgage and other loans (net of $203 and $119 allowance for credit losses; includes $137 and $1,263 of loans measured at fair value under the fair value option at December 31, 2022 and 2021, respectively)				6,565
Policy loans				12
Other invested assets				104
Short-term investments (net of allowance for credit losses: 2021-$0; 2020-$1)				878
Cash and cash equivalents				2,071
Accrued investment income				221
Deferred Policy Acquisition Cost				1,197
Value of business acquired				215
Other assets				11,318
Separate account assets				98,102
Assets held-for-sale				153,793
Future policy benefits				4,662
Total policyholders’ account balances				39,914
Other liabilities				8,681
Separate account liabilities				98,102
Liabilities held-for-sale				151,359
Held-for-sale \| Retirement Full Service
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities, available-for-sale, at fair value				4,798
Fixed Maturities, Trading, amortized cost				374
Assets supporting experience-rated contractholder liabilities, at fair value				18,818
Equity securities, at fair value (cost: 2022- $25; 2021- $25)				0
Commercial mortgage and other loans (net of $203 and $119 allowance for credit losses; includes $137 and $1,263 of loans measured at fair value under the fair value option at December 31, 2022 and 2021, respectively)				5,068
Policy loans				0
Other invested assets				10
Short-term investments (net of allowance for credit losses: 2021-$0; 2020-$1)				3
Cash and cash equivalents				56
Accrued investment income				160
Deferred Policy Acquisition Cost				100
Value of business acquired				185
Other assets				674
Separate account assets				65,835
Assets held-for-sale				96,081
Future policy benefits				157
Total policyholders’ account balances				28,164
Other liabilities				374
Separate account liabilities				65,835
Liabilities held-for-sale				94,530
Held-for-sale \| Individual Annuities PALAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities, available-for-sale, at fair value				8,771
Fixed Maturities, Trading, amortized cost				27
Assets supporting experience-rated contractholder liabilities, at fair value				0
Equity securities, at fair value (cost: 2022- $25; 2021- $25)				322
Commercial mortgage and other loans (net of $203 and $119 allowance for credit losses; includes $137 and $1,263 of loans measured at fair value under the fair value option at December 31, 2022 and 2021, respectively)				1,497
Policy loans				12
Other invested assets				94
Short-term investments (net of allowance for credit losses: 2021-$0; 2020-$1)				875
Cash and cash equivalents				2,015
Accrued investment income				61
Deferred Policy Acquisition Cost				1,097
Value of business acquired				30
Other assets				10,644
Separate account assets				32,267
Assets held-for-sale				57,712
Future policy benefits				4,505
Total policyholders’ account balances				11,750
Other liabilities				8,307
Separate account liabilities				32,267
Liabilities held-for-sale				56,829
Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets supporting experience-rated contractholder liabilities, at fair value				18,818
Other invested assets				104
Accrued investment income				221
Loans and Leases Receivable, Allowance				15
Held-for-sale \| Fixed Maturities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities, available-for-sale, at fair value				13,145
Assets supporting experience-rated contractholder liabilities, at fair value				17,706
Fixed Maturities, AFS, allowance for credit losses				$ 1

[1]See Note 4 for details of balances associated with variable interest entities.[2]See Note 1 for details of the assets and liabilities classified as “held-for-sale” as of December 31, 2021.

Business and Basis of Present_4

Business and Basis of Presentation Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures	$ (1,776)	$ 9,381	$ (323)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,776)	9,381	(323)
General and administrative expenses	12,493	13,582	13,913
Held-for-sale \| Retirement Full Service
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(200)	190	179
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(200)	$ 190	$ 179
General and administrative expenses	50
Restatement Adjustment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
Restatement Adjustment \| Universal and variable universal life products
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Benefit from a reduction to cost of reinsurance liabilities	230
Net benefit from a reduction in reserves	80
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Benefit from a reduction to cost of reinsurance liabilities	(230)
Net benefit from a reduction in reserves	(80)
Restatement Adjustment \| Universal Life
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Charge from an increase in reserves	185
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Charge from an increase in reserves	$ (185)

Significant Accounting Polici_3

Significant Accounting Policies and Pronouncements (Summary of Transition Impact) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixed maturities, held-to-maturity	[1]	$ 1,296		$ 1,514
Commercial mortgage and other loans	[1]	56,745		58,666
Other invested assets	[1]	21,099		21,833
Deferred policy acquisition cost		19,537		18,192		$ 19,027		$ 19,912
Other assets	[1]	30,188		10,739
Total assets		(689,917)		(937,582)
Policyholder's dividends		694		8,731
Other liabilities	[1]	20,536		11,755
Income taxes		0		9,513
Total liabilities		672,709		874,974
Retained earnings		33,392		36,652
Total equity		17,208		62,608		68,210		63,719
TOTAL LIABILITIES AND EQUITY		689,917		937,582
Commercial mortgage and agricultural property loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total net loans		56,133		57,972
Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		(19,827)		21,324		30,738		24,039
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		33,392		36,652		$ 30,749		$ 32,991
Cumulative Effect, Period of Adoption, Adjustment \| Pro Forma
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets							$ 122
Total liabilities							(23)
Cumulative Effect, Period of Adoption, Adjustment \| Pro Forma \| Commercial mortgage and agricultural property loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total net loans							(115)
Cumulative Effect, Period of Adoption, Adjustment \| Pro Forma \| Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			$ 17,000	(31,000)	$ (42,000)
Cumulative Effect, Period of Adoption, Adjustment \| Pro Forma \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			$ (2,000)	(2,000)	$ (3,000)		$ 99
ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other liabilities		$ 18		$ 21

[1]See Note 4 for details of balances associated with variable interest entities.

Significant Accounting Polici_4

Significant Accounting Policies and Pronouncements (Narratives) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 33,392		$ 36,652
Accumulated other comprehensive income (loss)	(19,827)		21,324
Total equity	$ 17,208		62,608		$ 68,210		$ 63,719
Loan-to-value ratios (greater than)	100%
Loan-to-value ratio (less than)	100%
Debt service coverage ratios (less than)	1
Repurchase and Resale Agreements, Collateral, Percentage	95%
Uncertain Tax Positions Measurement Percentage (greater than)	50%
Operating Lease, Right-of-Use Asset	$ 340		395
Operating Lease, Liability	370		432
Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated other comprehensive income (loss)	(19,827)		21,324		30,738		24,039
Total equity	(19,827)		21,324		30,738		24,039
Accumulated Other Comprehensive Income (Loss) \| Cumulative Effect, Period of Adoption, Adjustment \| Pro Forma
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		$ 17,000	(31,000)	$ (42,000)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 33,392		36,652		$ 30,749		$ 32,991
Retained Earnings \| Cumulative Effect, Period of Adoption, Adjustment \| Pro Forma
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		$ (2,000)	$ (2,000)	$ (3,000)		$ 99
United States \| Securities Lending and Securities Repurchase Transactions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage	102%
Other Countries \| Securities Lending and Securities Repurchase Transactions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage	105%
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	3 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	40 years

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		$ 335,447	$ 333,459
Fixed Maturities, AFS, allowance for credit losses		138	114
Fixed Maturities, Available for Sale, Fair Value	[1]	307,719	372,410
Amortized Cost	[1]	1,296	1,514
Fixed Maturities, Held-to-maturity, Fair Value		1,455	1,803
Fixed Maturities, HTM, allowance for credit losses		2	5
Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		335,447	333,459
Gross Unrealized Gains		8,449	40,795
Gross Unrealized Losses		36,039	1,730
Fixed Maturities, AFS, allowance for credit losses		138	114
Fixed Maturities, Available for Sale, Fair Value		307,719	372,410
Amortized Cost		1,298	1,519
Gross Unrealized Gains		157	284
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to-maturity, Fair Value		1,455	1,803
Fixed Maturities, HTM, allowance for credit losses		2	5
Amortized Cost, Net of Allowance		1,296	1,514
Fixed maturities \| Held-for-sale
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost			13,145
Gross Unrealized Gains			572
Gross Unrealized Losses			147
Fixed Maturities, AFS, allowance for credit losses			1
Fixed Maturities, Available for Sale, Fair Value			13,569
Fixed maturities \| U.S. Treasury securities and obligations of U.S. government authorities and agencies
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		29,372	26,231
Gross Unrealized Gains		1,110	5,958
Gross Unrealized Losses		4,413	31
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, Available for Sale, Fair Value		26,069	32,158
Fixed maturities \| Obligations of U.S. states and their political subdivisions
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		10,179	10,445
Gross Unrealized Gains		238	1,781
Gross Unrealized Losses		728	8
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, Available for Sale, Fair Value		9,689	12,218
Fixed maturities \| Foreign government bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		74,103	83,363
Gross Unrealized Gains		4,503	11,842
Gross Unrealized Losses		5,379	529
Fixed Maturities, AFS, allowance for credit losses		1	7
Fixed Maturities, Available for Sale, Fair Value		73,226	94,669
Amortized Cost		725	833
Gross Unrealized Gains		128	221
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to-maturity, Fair Value		853	1,054
Fixed Maturities, HTM, allowance for credit losses		0	0
Amortized Cost, Net of Allowance		725	833
Fixed maturities \| U.S. public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		99,854	98,836
Gross Unrealized Gains		1,311	13,721
Gross Unrealized Losses		13,563	390
Fixed Maturities, AFS, allowance for credit losses		16	12
Fixed Maturities, Available for Sale, Fair Value		87,586	112,155
Fixed maturities \| U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		39,867	35,019
Gross Unrealized Gains		507	2,583
Gross Unrealized Losses		3,438	162
Fixed Maturities, AFS, allowance for credit losses		57	58
Fixed Maturities, Available for Sale, Fair Value		36,879	37,382
Fixed maturities \| Foreign public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		22,235	24,877
Gross Unrealized Gains		416	2,571
Gross Unrealized Losses		1,945	118
Fixed Maturities, AFS, allowance for credit losses		19	21
Fixed Maturities, Available for Sale, Fair Value		20,687	27,309
Amortized Cost		430	486
Gross Unrealized Gains		24	49
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to-maturity, Fair Value		454	535
Fixed Maturities, HTM, allowance for credit losses		2	5
Amortized Cost, Net of Allowance		428	481
Fixed maturities \| Foreign private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		32,755	28,047
Gross Unrealized Gains		150	1,448
Gross Unrealized Losses		5,201	442
Fixed Maturities, AFS, allowance for credit losses		44	16
Fixed Maturities, Available for Sale, Fair Value		27,660	29,037
Amortized Cost		0	9
Gross Unrealized Gains		0	0
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to-maturity, Fair Value		0	9
Fixed Maturities, HTM, allowance for credit losses		0	0
Amortized Cost, Net of Allowance		0	9
Fixed maturities \| Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		12,972	11,402
Gross Unrealized Gains		166	137
Gross Unrealized Losses		286	14
Fixed Maturities, AFS, allowance for credit losses		1	0
Fixed Maturities, Available for Sale, Fair Value		12,851	11,525
Fixed maturities \| Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		11,497	12,490
Gross Unrealized Gains		19	631
Gross Unrealized Losses		861	22
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, Available for Sale, Fair Value		10,655	13,099
Fixed maturities \| Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		2,613	2,749
Gross Unrealized Gains		29	123
Gross Unrealized Losses		225	14
Fixed Maturities, AFS, allowance for credit losses		0	0
Fixed Maturities, Available for Sale, Fair Value		2,417	2,858
Amortized Cost		143	191
Gross Unrealized Gains		5	14
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to-maturity, Fair Value		148	205
Fixed Maturities, HTM, allowance for credit losses		0	0
Amortized Cost, Net of Allowance		143	191
Prudential Netting Agreement \| Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		4,250	4,750
Fixed Maturities, Held-to-maturity, Fair Value		4,250	5,394
Prudential Netting Agreement \| Fixed maturities \| U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		8,040	5,941
Fixed Maturities, Available for Sale, Fair Value		$ 8,040	$ 5,995

[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - Fixed maturities - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	$ 166,950	$ 41,351
Less than Twelve Months, Unrealized Losses	20,276	950
Twelve Months or More, Fair Value	54,318	13,937
Twelve Months or More, Unrealized Losses	15,668	755
Total Fair Value	221,268	55,288
Total Unrealized Losses	35,944	1,705
Held-for-sale
Debt Securities[Line Items]
Total Fair Value		4,644
Total Unrealized Losses		147
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	18,009	1,521
Less than Twelve Months, Unrealized Losses	3,143	15
Twelve Months or More, Fair Value	2,563	269
Twelve Months or More, Unrealized Losses	1,270	16
Total Fair Value	20,572	1,790
Total Unrealized Losses	4,413	31
Obligations of U.S. states and their political subdivisions
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	5,510	289
Less than Twelve Months, Unrealized Losses	526	5
Twelve Months or More, Fair Value	558	71
Twelve Months or More, Unrealized Losses	202	3
Total Fair Value	6,068	360
Total Unrealized Losses	728	8
Foreign government bonds
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	16,932	4,534
Less than Twelve Months, Unrealized Losses	2,384	244
Twelve Months or More, Fair Value	9,877	6,945
Twelve Months or More, Unrealized Losses	2,971	282
Total Fair Value	26,809	11,479
Total Unrealized Losses	5,355	526
U.S. public corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	58,816	12,403
Less than Twelve Months, Unrealized Losses	7,790	219
Twelve Months or More, Fair Value	15,780	2,947
Twelve Months or More, Unrealized Losses	5,726	152
Total Fair Value	74,596	15,350
Total Unrealized Losses	13,516	371
U.S. private corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	24,610	4,362
Less than Twelve Months, Unrealized Losses	2,065	84
Twelve Months or More, Fair Value	6,705	848
Twelve Months or More, Unrealized Losses	1,373	78
Total Fair Value	31,315	5,210
Total Unrealized Losses	3,438	162
Foreign public corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	10,168	3,652
Less than Twelve Months, Unrealized Losses	932	76
Twelve Months or More, Fair Value	4,098	802
Twelve Months or More, Unrealized Losses	993	42
Total Fair Value	14,266	4,454
Total Unrealized Losses	1,925	118
Foreign private corporate securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	16,909	6,350
Less than Twelve Months, Unrealized Losses	2,521	270
Twelve Months or More, Fair Value	8,196	1,604
Twelve Months or More, Unrealized Losses	2,678	169
Total Fair Value	25,105	7,954
Total Unrealized Losses	5,199	439
Asset-backed securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	5,385	6,568
Less than Twelve Months, Unrealized Losses	130	13
Twelve Months or More, Fair Value	5,059	170
Twelve Months or More, Unrealized Losses	156	1
Total Fair Value	10,444	6,738
Total Unrealized Losses	286	14
Commercial mortgage-backed securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	9,289	921
Less than Twelve Months, Unrealized Losses	655	11
Twelve Months or More, Fair Value	1,080	263
Twelve Months or More, Unrealized Losses	206	11
Total Fair Value	10,369	1,184
Total Unrealized Losses	861	22
Residential mortgage-backed securities
Debt Securities[Line Items]
Less than Twelve Months, Fair Value	1,322	751
Less than Twelve Months, Unrealized Losses	130	13
Twelve Months or More, Fair Value	402	18
Twelve Months or More, Unrealized Losses	93	1
Total Fair Value	1,724	769
Total Unrealized Losses	$ 223	$ 14

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Available-for-sale, Amortized Cost
Due in one year or less		$ 8,859
Due after one year through five years		50,717
Due after five years through ten years		65,682
Due after ten years		183,107
Fixed Maturities, Available-for-sale, Amortized Cost		335,447	$ 333,459
Available-for-sale, Fair Value
Due in one year or less		9,025
Due after one year through five years		49,713
Due after five years through ten years		62,449
Due after ten years		160,609
Fixed Maturities, Available for Sale, Fair Value	[1]	307,719	372,410
Held-to-Maturity, Amortized Cost
Due in one year or less		0
Due after one year through five years		428
Due after five years through ten years		17
Due after ten years		708
Amortized Cost		1,296
Held-to-maturity, Fair Value
Due in one year or less		0
Due after one year through five years		454
Due after five years through ten years		18
Due after ten years		835
Fixed Maturities, Held-to-maturity, Fair Value		1,455	1,803
Amortized Cost	[1]	1,296	1,514
Asset-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		12,972
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		12,851
Held-to-Maturity, Amortized Cost
Debt Maturities, without single maturity date		0
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		0
Commercial mortgage-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		11,497
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		10,655
Held-to-Maturity, Amortized Cost
Debt Maturities, without single maturity date		0
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		0
Residential mortgage-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		2,613
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		2,417
Held-to-Maturity, Amortized Cost
Debt Maturities, without single maturity date		143
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		148
Fixed maturities
Available-for-sale, Amortized Cost
Fixed Maturities, Available-for-sale, Amortized Cost		335,447	333,459
Available-for-sale, Fair Value
Fixed Maturities, Available for Sale, Fair Value		307,719	372,410
Held-to-maturity, Fair Value
Fixed Maturities, Held-to-maturity, Fair Value		1,455	1,803
Amortized Cost		1,298	1,519
Fixed maturities \| Held-for-sale
Available-for-sale, Amortized Cost
Fixed Maturities, Available-for-sale, Amortized Cost			13,145
Available-for-sale, Fair Value
Fixed Maturities, Available for Sale, Fair Value			13,569
Fixed maturities \| U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, Available-for-sale, Amortized Cost		39,867	35,019
Available-for-sale, Fair Value
Fixed Maturities, Available for Sale, Fair Value		36,879	37,382
Fixed maturities \| Asset-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, Available-for-sale, Amortized Cost		12,972	11,402
Available-for-sale, Fair Value
Fixed Maturities, Available for Sale, Fair Value		12,851	11,525
Fixed maturities \| Commercial mortgage-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, Available-for-sale, Amortized Cost		11,497	12,490
Available-for-sale, Fair Value
Fixed Maturities, Available for Sale, Fair Value		10,655	13,099
Fixed maturities \| Residential mortgage-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, Available-for-sale, Amortized Cost		2,613	2,749
Available-for-sale, Fair Value
Fixed Maturities, Available for Sale, Fair Value		2,417	2,858
Held-to-maturity, Fair Value
Fixed Maturities, Held-to-maturity, Fair Value		148	205
Amortized Cost		143	191
Fixed maturities \| Prudential Netting Agreement
Held-to-maturity, Fair Value
Fixed Maturities, Held-to-maturity, Fair Value		4,250	5,394
Amortized Cost		4,250	4,750
Fixed maturities \| Prudential Netting Agreement \| U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, Available-for-sale, Amortized Cost		8,040	5,941
Available-for-sale, Fair Value
Fixed Maturities, Available for Sale, Fair Value		$ 8,040	$ 5,995

[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Fixed Maturity Pro

Investments (Fixed Maturity Proceeds) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Securities[Line Items]
Proceeds from maturities/prepayments - AFS	$ 50,823	$ 64,759	$ 44,106
Proceeds from maturities/prepayments - HTM	38	239	88
Fixed maturities \| Available-for-sale
Debt Securities[Line Items]
Proceeds from sales	33,010	36,333	21,013
Proceeds from maturities/prepayments - AFS	17,957	27,976	23,563
Gross investment gains from sales and maturities	1,240	2,565	1,690
Gross investment losses from sales and maturities	(2,589)	(648)	(524)
Write-downs recognized in earnings	(116)	(1)	(304)
(Addition to) release of allowance for credit losses - AFS	(24)	19	(133)
Fixed maturities \| Held-to-maturity
Debt Securities[Line Items]
Proceeds from maturities/prepayments - HTM	37	239	88
(Addition to) release of allowance for credit Losses - HTM	2	4	0
Fixed maturities \| Available-for-sale
Debt Securities[Line Items]
Noncash or Part Noncash Divestiture, Amount of Consideration Received (Paid)	(144)	450	(470)
Fixed maturities \| Held-to-maturity
Debt Securities[Line Items]
Noncash or Part Noncash Divestiture, Amount of Consideration Received (Paid)	$ 1	$ (1)	$ (1)

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - Fixed Maturities - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Available-for-sale
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	$ 114	$ 133	$ 0
Additions to allowance for credit losses not previously recorded	124	96	295
Reductions for securities sold during the period	(86)	(57)	(165)
Reductions for securities with intent to sell	(81)
Additions (reductions) on securities with previous allowance	67	(57)	14
Reclassified to “Assets held-for sale”		(1)
Write-downs charged against the allowance			(11)
Balance, ending of period	138	114	133
Available-for-sale \| U.S. Treasury securities and obligations of U.S. government authorities and agencies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Additions to allowance for credit losses not previously recorded	0	0	0
Reductions for securities sold during the period	0	0	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	0	0	0
Reclassified to “Assets held-for sale”		0
Write-downs charged against the allowance			0
Balance, ending of period	0	0	0
Available-for-sale \| Foreign government bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	7	0	0
Additions to allowance for credit losses not previously recorded	11	7	39
Reductions for securities sold during the period	(6)	0	(39)
Reductions for securities with intent to sell	(13)
Additions (reductions) on securities with previous allowance	2	0	0
Reclassified to “Assets held-for sale”		0
Write-downs charged against the allowance			0
Balance, ending of period	1	7	0
Available-for-sale \| Corporate securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	107	123	0
Additions to allowance for credit losses not previously recorded	109	89	255
Reductions for securities sold during the period	(80)	(48)	(126)
Reductions for securities with intent to sell	(68)
Additions (reductions) on securities with previous allowance	68	(56)	5
Reclassified to “Assets held-for sale”		(1)
Write-downs charged against the allowance			(11)
Balance, ending of period	136	107	123
Available-for-sale \| Asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Additions to allowance for credit losses not previously recorded	4	0	0
Reductions for securities sold during the period	0	0	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	(3)	0	0
Reclassified to “Assets held-for sale”		0
Write-downs charged against the allowance			0
Balance, ending of period	1	0	0
Available-for-sale \| Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	10	0
Additions to allowance for credit losses not previously recorded	0	0	1
Reductions for securities sold during the period	0	(9)	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	0	(1)	9
Reclassified to “Assets held-for sale”		0
Write-downs charged against the allowance			0
Balance, ending of period	0	0	10
Available-for-sale \| Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Additions to allowance for credit losses not previously recorded	0	0	0
Reductions for securities sold during the period	0	0	0
Reductions for securities with intent to sell	0
Additions (reductions) on securities with previous allowance	0	0	0
Reclassified to “Assets held-for sale”		0
Write-downs charged against the allowance			0
Balance, ending of period	0	0	0
Held-to-maturity
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	5	9	0
Cumulative effect of adoption of ASU 2016-13			9
Current period provision for expected losses	(2)	(3)
Change in foreign exchange	(1)	(1)
Balance, ending of period	2	5	9
Held-to-maturity \| U.S. Treasury securities and obligations of U.S. government authorities and agencies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Cumulative effect of adoption of ASU 2016-13			0
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0	0
Held-to-maturity \| Foreign government bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Cumulative effect of adoption of ASU 2016-13			0
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0	0
Held-to-maturity \| Corporate securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	5	9	0
Cumulative effect of adoption of ASU 2016-13			9
Current period provision for expected losses	(2)	(3)
Change in foreign exchange	(1)	(1)
Balance, ending of period	2	5	9
Held-to-maturity \| Asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Cumulative effect of adoption of ASU 2016-13			0
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0	0
Held-to-maturity \| Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Cumulative effect of adoption of ASU 2016-13			0
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0	0
Held-to-maturity \| Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0
Cumulative effect of adoption of ASU 2016-13			0
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	$ 0	$ 0	$ 0

Investments (Assets Supporting

Investments (Assets Supporting Experience-Rated Contractholder Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	$ 2,612	$ 2,861
Assets supporting experience-rated contractholder liabilities, at fair value	2,844	3,358
Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		18,346
Assets supporting experience-rated contractholder liabilities, at fair value		18,818
Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	984	1,044
Assets supporting experience-rated contractholder liabilities, at fair value	945	1,057
Fixed maturities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		17,232
Assets supporting experience-rated contractholder liabilities, at fair value		17,706
Equity securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	1,628	1,787
Assets supporting experience-rated contractholder liabilities, at fair value	1,899	2,271
Equity securities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		328
Assets supporting experience-rated contractholder liabilities, at fair value		326
Short-term investments and cash equivalents
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	0	30
Assets supporting experience-rated contractholder liabilities, at fair value	0	30
Short-term investments and cash equivalents \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		786
Assets supporting experience-rated contractholder liabilities, at fair value		786
Corporate securities \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	91	101
Assets supporting experience-rated contractholder liabilities, at fair value	88	103
Corporate securities \| Fixed maturities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		12,112
Assets supporting experience-rated contractholder liabilities, at fair value		12,463
Commercial mortgage-backed securities \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	0	0
Assets supporting experience-rated contractholder liabilities, at fair value	0	0
Commercial mortgage-backed securities \| Fixed maturities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		1,799
Assets supporting experience-rated contractholder liabilities, at fair value		1,830
Residential mortgage-backed securities \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	0	0
Assets supporting experience-rated contractholder liabilities, at fair value	0	0
Residential mortgage-backed securities \| Fixed maturities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		658
Assets supporting experience-rated contractholder liabilities, at fair value		683
Asset-backed securities \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	0	0
Assets supporting experience-rated contractholder liabilities, at fair value	0	0
Asset-backed securities \| Fixed maturities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		2,079
Assets supporting experience-rated contractholder liabilities, at fair value		2,093
Foreign government bonds \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	705	761
Assets supporting experience-rated contractholder liabilities, at fair value	668	761
Foreign government bonds \| Fixed maturities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		240
Assets supporting experience-rated contractholder liabilities, at fair value		237
U.S. government authorities and agencies and obligations of U.S. states \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	188	182
Assets supporting experience-rated contractholder liabilities, at fair value	$ 189	193
U.S. government authorities and agencies and obligations of U.S. states \| Fixed maturities \| Held-for-sale
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		344
Assets supporting experience-rated contractholder liabilities, at fair value		$ 400
Public Securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage		95%
Collateralized loan obligations
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at fair value		$ 1,607
NAIC High or Highest Quality Rating \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage	98%	97%

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions		12 Months Ended
Investments (Narrative) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Master funds gross assets		$ 58,087	$ 76,600
Master funds gross liabilities		56,225	73,882
Unaffiliated interest		371	467
Consolidated feeder funds’ investments		639	654
Fixed Maturities, Available for Sale, Fair Value	[1]	307,719	372,410
Fixed maturities, trading, at fair value	[1]	5,951	8,823
Other invested assets	[1]	21,099	21,833
Write-down on accrued investment income receivable		1	1
Fixed maturity securities purchased with credit deterioration		0	0
Loans on non-accrual status recognized in interest income		1	5
Loans on non-accrual status do not have allowance for credit losses		27	20
Commercial mortgage and other loans purchased with credit deterioration		0	0
Fair value of collateral		1,295	4,967
Held-for-sale
Schedule of Investments [Line Items]
Other invested assets			104
Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses		35,944	1,705
Twelve Months or More, Unrealized Losses		15,668	755
Fixed Maturities, Available for Sale, Fair Value		307,719	372,410
Fixed maturities \| Held-for-sale
Schedule of Investments [Line Items]
Total Unrealized Losses			147
Fixed Maturities, Available for Sale, Fair Value			13,569
Fixed maturities \| Trading
Schedule of Investments [Line Items]
Fixed maturities, trading, at fair value		5,951
Corporate securities
Schedule of Investments [Line Items]
Twelve Months or More, Unrealized Losses		15,668	755
Other Income \| Fixed maturities \| Trading
Schedule of Investments [Line Items]
Unrealized gain (loss) on investments		(1,427)	(169)	$ 277
Other Income \| Equity securities
Schedule of Investments [Line Items]
Unrealized gain (loss) on investments		(914)	591	205
Other Income \| Assets supporting experience-rated contractholder liabilities \| Held-for-sale
Schedule of Investments [Line Items]
Unrealized gain (loss) on investments		(737)	(708)	$ 726
Investments
Schedule of Investments [Line Items]
Fair value of collateral		385	334
Cash
Schedule of Investments [Line Items]
Fair value of collateral		910	4,633
Carrying value of non-income producing assets
Schedule of Investments [Line Items]
Fixed Maturities, Available for Sale, Fair Value		198
Fixed maturities, trading, at fair value		16
Other invested assets		$ 1
California
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		30%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		8%
New York
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		6%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		6%
Asia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		1%
Mexico
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		1%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage		1%
NAIC High or Highest Quality Rating \| Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses		$ 33,778	1,242
NAIC Other Than High or Highest Quality Rating \| Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses		$ 2,166	$ 463

[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Concentrations of

Investments (Concentrations of Credit Risk) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	$ 66,537	$ 75,499
Concentrations of credit risk at fair value	66,396	85,408
Investments in Brazil Government and Agencies Securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	2,534	2,116
Concentrations of credit risk at fair value	2,281	2,000
Assets supporting experience-rated contractholder liabilities \| Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	613	983
Concentrations of credit risk at fair value	587	977
Cash equivalents \| Investments in Brazil Government and Agencies Securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	210	133
Concentrations of credit risk at fair value	210	133
Short-term Investments \| Investments in Brazil Government and Agencies Securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	60	1
Concentrations of credit risk at fair value	61	1
Available-for-sale \| Fixed maturities \| Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	65,198	73,681
Concentrations of credit risk at fair value	64,959	83,382
Available-for-sale \| Fixed maturities \| Investments in Brazil Government and Agencies Securities
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	2,264	1,982
Concentrations of credit risk at fair value	2,010	1,866
Held-to-maturity \| Fixed maturities \| Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	706	812
Concentrations of credit risk at fair value	831	1,026
Trading \| Fixed maturities \| Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	20	23
Concentrations of credit risk at fair value	$ 19	$ 23

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 56,334	$ 58,087
Other loans	614	698
Total commercial mortgage and other loans	$ 56,745	$ 58,666
% of Total	100%	100%
Net carrying value of commercial loans held for sale	$ 137	$ 1,263
Held-for-sale
Commercial Mortgage and Other Loans [Line Items]
Allowance for credit losses, Other loans		15
Total commercial mortgage and other loans		6,565
Commercial Mortgage Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 49,477	$ 52,567
% of Total	87.80%	90.50%
Commercial mortgage and agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Allowance for credit losses	$ (201)	$ (115)
Total net loans	56,133	57,972
Uncollateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	463	561
Residential property loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	43	67
Other collateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	108	70
Other loans
Commercial Mortgage and Other Loans [Line Items]
Total net loans	612	694
Allowance for credit losses, Other loans	(2)	(4)
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 9,096	$ 10,225
% of Total	16.20%	17.60%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 6,103	$ 6,779
% of Total	10.80%	11.70%
Apartments/Multi-Family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 15,381	$ 16,742
% of Total	27.30%	28.80%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 13,079	$ 13,009
% of Total	23.20%	22.40%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 2,027	$ 1,876
% of Total	3.60%	3.20%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 3,791	$ 3,936
% of Total	6.70%	6.80%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 6,857	$ 5,520
% of Total	12.20%	9.50%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 119	$ 235	$ 121
Cumulative effect of adoption of ASU 2016-13			115
Addition to (release of) allowance for expected losses	80	(98)	3
Write-downs charged against the allowance			(7)
Other	4	(3)	3
Reclassified to “Asset held-for-sale”		(15)
Total ending balance	203	119	235
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	111	218	114
Cumulative effect of adoption of ASU 2016-13			110
Addition to (release of) allowance for expected losses	72	(92)	1
Write-downs charged against the allowance			(7)
Other	5	0	0
Reclassified to “Asset held-for-sale”		(15)
Total ending balance	188	111	218
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	4	9	3
Cumulative effect of adoption of ASU 2016-13			5
Addition to (release of) allowance for expected losses	9	(5)	1
Write-downs charged against the allowance			0
Other	0	0	0
Reclassified to “Asset held-for-sale”		0
Total ending balance	13	4	9
Residential property loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	0	0	0
Cumulative effect of adoption of ASU 2016-13			0
Addition to (release of) allowance for expected losses	0	0	0
Write-downs charged against the allowance			0
Other	0	0	0
Reclassified to “Asset held-for-sale”		0
Total ending balance	0	0	0
Other collateralized loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	0	3	0
Cumulative effect of adoption of ASU 2016-13			0
Addition to (release of) allowance for expected losses	0	0	0
Write-downs charged against the allowance			0
Other	0	(3)	3
Reclassified to “Asset held-for-sale”		0
Total ending balance	0	0	3
Uncollateralized loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	4	5	4
Cumulative effect of adoption of ASU 2016-13			0
Addition to (release of) allowance for expected losses	(1)	(1)	1
Write-downs charged against the allowance			0
Other	(1)	0	0
Reclassified to “Asset held-for-sale”		0
Total ending balance	$ 2	$ 4	$ 5

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 56,948	$ 58,785
Held-for-sale
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		6,580
Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	3,835	7,069
One Years Prior	6,402	3,654
Two Years Prior	3,361	7,917
Three Years Prior	6,779	7,963
Four Years Prior	7,098	5,109
Prior	22,002	20,855
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	49,477	52,567
Commercial Mortgage Loans \| ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	3,249	6,803
One Years Prior	6,135	3,356
Two Years Prior	3,013	6,828
Three Years Prior	5,749	7,384
Four Years Prior	6,505	4,445
Prior	18,318	16,864
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	42,969	45,680
Commercial Mortgage Loans \| 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	586	266
One Years Prior	252	154
Two Years Prior	164	662
Three Years Prior	454	478
Four Years Prior	383	234
Prior	2,183	2,069
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	4,022	3,863
Commercial Mortgage Loans \| Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Years Prior	15	144
Two Years Prior	184	427
Three Years Prior	576	101
Four Years Prior	210	430
Prior	1,501	1,922
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	2,486	3,024
Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	1,606	2,050
One Years Prior	2,079	895
Two Years Prior	861	528
Three Years Prior	508	371
Four Years Prior	347	370
Prior	1,382	1,226
Revolving Loans	74	80
Recording investment gross of allowance for credit losses	6,857	5,520
Agricultural property loans \| ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	1,593	2,007
One Years Prior	2,035	870
Two Years Prior	781	517
Three Years Prior	507	364
Four Years Prior	323	312
Prior	1,272	1,121
Revolving Loans	74	80
Recording investment gross of allowance for credit losses	6,585	5,271
Agricultural property loans \| 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	5	43
One Years Prior	44	25
Two Years Prior	80	10
Three Years Prior	0	1
Four Years Prior	6	58
Prior	68	41
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	203	178
Agricultural property loans \| Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	8	0
One Years Prior	0	0
Two Years Prior	0	1
Three Years Prior	1	6
Four Years Prior	18	0
Prior	42	64
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	69	71
0%-59.99% \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	971	1,287
One Years Prior	1,747	467
Two Years Prior	1,282	2,459
Three Years Prior	2,831	3,211
Four Years Prior	4,697	3,072
Prior	15,111	14,011
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	26,639	24,507
0%-59.99% \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	931	1,958
One Years Prior	1,994	887
Two Years Prior	853	494
Three Years Prior	461	334
Four Years Prior	326	370
Prior	1,348	1,226
Revolving Loans	74	80
Recording investment gross of allowance for credit losses	5,987	5,349
60%-69.99% \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	1,997	3,101
One Years Prior	3,502	1,941
Two Years Prior	1,553	4,124
Three Years Prior	2,804	3,631
Four Years Prior	1,732	1,356
Prior	3,780	4,161
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	15,368	18,314
60%-69.99% \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	675	92
One Years Prior	85	5
Two Years Prior	8	29
Three Years Prior	47	37
Four Years Prior	8	0
Prior	0	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	823	163
70%-79.99% \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	865	2,497
One Years Prior	1,127	1,207
Two Years Prior	519	1,327
Three Years Prior	1,025	1,059
Four Years Prior	645	631
Prior	1,445	2,108
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	5,626	8,829
70%-79.99% \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Years Prior	0	0
Two Years Prior	0	0
Three Years Prior	0	0
Four Years Prior	0	0
Prior	0	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	0	0
80% or greater \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	2	184
One Years Prior	26	39
Two Years Prior	7	7
Three Years Prior	119	62
Four Years Prior	24	50
Prior	1,666	575
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	1,844	917
80% or greater \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Years Prior	0	3
Two Years Prior	0	5
Three Years Prior	0	0
Four Years Prior	13	0
Prior	34	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	$ 47	$ 8

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total Loans	$ 56,948	$ 58,785
Non-Accrual Status	28	22
Held-for-sale
Financing Receivable, Past Due [Line Items]
Total Loans		6,580
Current
Financing Receivable, Past Due [Line Items]
Total Loans	56,923	58,782
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	14	0
90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Loans	11	3
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	25	3
Commercial Mortgage Loans
Financing Receivable, Past Due [Line Items]
Total Loans	49,477	52,567
Non-Accrual Status	11	2
Commercial Mortgage Loans \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	49,465	52,565
Commercial Mortgage Loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Commercial Mortgage Loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	3	0
Commercial Mortgage Loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Loans	9	2
Commercial Mortgage Loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	12	2
Agricultural property loans
Financing Receivable, Past Due [Line Items]
Total Loans	6,857	5,520
Non-Accrual Status	17	19
Agricultural property loans \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	6,844	5,520
Agricultural property loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Agricultural property loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	11	0
Agricultural property loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Loans	2	0
Agricultural property loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	13	0
Residential property loans
Financing Receivable, Past Due [Line Items]
Total Loans	43	67
Non-Accrual Status	0	1
Residential property loans \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	43	66
Residential property loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Residential property loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Residential property loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Loans	0	1
Residential property loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	1
Other collateralized loans
Financing Receivable, Past Due [Line Items]
Total Loans	108	70
Non-Accrual Status	0	0
Other collateralized loans \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	108	70
Other collateralized loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Other collateralized loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Other collateralized loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Other collateralized loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Uncollateralized loans
Financing Receivable, Past Due [Line Items]
Total Loans	463	561
Non-Accrual Status	0	0
Uncollateralized loans \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	463	561
Uncollateralized loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Uncollateralized loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Uncollateralized loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Uncollateralized loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Accruing Interest	$ 0	$ 0

Investments (Other Invested Ass

Investments (Other Invested Assets) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Other Invested Assets [Line Items]
Other invested assets	[1]	$ 21,099	$ 21,833
Held-for-sale
Other Invested Assets [Line Items]
Other invested assets			104
LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		16,917	15,966
Real estate held through direct ownership
Other Invested Assets [Line Items]
Other invested assets		1,617	1,789
Derivative instruments
Other Invested Assets [Line Items]
Other invested assets		1,457	3,280
Other
Other Invested Assets [Line Items]
Other invested assets		1,108	798
Mortgage Debt \| Real estate-related
Other Invested Assets [Line Items]
Other invested assets		208	274
Equity method \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		13,228	11,676
Equity method \| Private equity \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		7,215	6,509
Equity method \| Hedge funds \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,220	2,797
Equity method \| Real estate-related \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,793	2,370
Fair Value
Other Invested Assets [Line Items]
Other invested assets		102	81
Fair Value \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,689	4,290
Fair Value \| Private equity \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,476	1,852
Fair Value \| Hedge funds \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,908	2,119
Fair Value \| Real estate-related \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		$ 305	$ 319

[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Equity Method Inve

Investments (Equity Method Investments, Statement of Financial Position) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Total assets	$ 689,917	$ 937,582
Total liabilities	672,709	874,974
Partner's Capital	16,250	61,876
Total liabilities and partner's capital	689,917	937,582
LP/LLC Interests
Schedule of Equity Method Investments [Line Items]
Total liabilities and partners’ capital included above	13,683	12,141
Equity in LP/LLC interests not included above	726	852
Carrying value	14,409	12,993
Held-for-sale
Schedule of Equity Method Investments [Line Items]
Carrying value		81
Equity Method Investment
Schedule of Equity Method Investments [Line Items]
Total assets	707,192	689,767
Total liabilities	83,634	111,189
Partner's Capital	623,558	578,578
Total liabilities and partner's capital	$ 707,192	$ 689,767

Investments (Equity Method In_2

Investments (Equity Method Investments, Statement of Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments [Abstract]
Total revenues	$ 28,299	$ 128,429	$ 42,964
Total Expenses	(3,608)	(21,235)	(8,887)
Net earnings (losses)	24,691	107,194	34,077
Equity in net earnings (losses) included above	641	2,085	744
Equity in net earnings (losses) of LP/LLC interests not included above	16	161	28
Total equity in net earnings (loss)	$ 657	$ 2,246	$ 772

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Net Investment Income [Line Items]
Accrued investment income	[1]	$ 3,012	$ 2,855
Held-for-sale
Net Investment Income [Line Items]
Accrued investment income			221
Fixed maturities
Net Investment Income [Line Items]
Accrued investment income		2,517	2,398
Equity securities
Net Investment Income [Line Items]
Accrued investment income		6	5
Commercial mortgage and other loans
Net Investment Income [Line Items]
Accrued investment income		190	175
Policy loans
Net Investment Income [Line Items]
Accrued investment income		253	253
Other invested assets
Net Investment Income [Line Items]
Accrued investment income		18	22
Short-term investments and cash equivalents
Net Investment Income [Line Items]
Accrued investment income		$ 28	$ 2

[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 16,887	$ 18,946	$ 18,146
Less: investment expenses	(850)	(659)	(736)
Net investment income	16,037	18,287	17,410
Assets supporting experience-rated contractholder liabilities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	167	601	700
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	160	162	162
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2,196	2,552	2,485
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	499	533	584
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	1,240	2,617	1,318
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	406	63	197
Available-for-sale \| Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	11,773	11,999	12,339
Held-to-maturity \| Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	213	226	235
Trading \| Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 233	$ 193	$ 126

Investments (Realized Investmen

Investments (Realized Investment Gains Losses Net) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ (3,369)	$ 4,024	$ (3,887)
Fixed maturities
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(1,487)	1,939	729
Commercial mortgage and other loans
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(133)	173	103
Investment real estate
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	83	108	(16)
LPs/LLCs
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(120)	(14)	2
Derivatives
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(1,713)	1,796	(4,715)
Other
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ 1	$ 22	$ 10

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ (25,026)	$ 40,467	$ 58,417
Held-for-sale
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments		425
Fixed maturities \| Available-for-sale \| With an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(45)	23	(25)
Fixed maturities \| Available-for-sale \| Without an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(27,545)	39,467	58,593
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	2,616	1,019	(168)
Derivatives designated as fair value hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(54)	(35)	10
Other investments
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	2	$ (7)	$ 7
Other investments \| Held-to-maturity
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ 0

Investments (Repurchase Agreeme

Investments (Repurchase Agreements and Securities Lending Transactions) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	$ 6,589	$ 10,185
Total cash collateral for loaned securities	6,100	4,251
Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	6,189	9,747
Total cash collateral for loaned securities	5,622	4,251
Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	200	0
Total cash collateral for loaned securities	478	0
30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	200	438
Total cash collateral for loaned securities	0	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	6,579	9,482
Total cash collateral for loaned securities	1	1
U.S. Treasury securities and obligations of U.S. government authorities and agencies \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	6,179	9,044
Total cash collateral for loaned securities	1	1
U.S. Treasury securities and obligations of U.S. government authorities and agencies \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	200	0
Total cash collateral for loaned securities	0	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies \| 30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	200	438
Obligations of U.S. states and their political subdivisions
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	61	84
Obligations of U.S. states and their political subdivisions \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	61	84
Obligations of U.S. states and their political subdivisions \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
Foreign government bonds
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	299	205
Foreign government bonds \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	285	205
Foreign government bonds \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	14	0
U.S. public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	4,504	2,834
U.S. public corporate securities \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	4,109	2,834
U.S. public corporate securities \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	395	0
Foreign public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	875	643
Foreign public corporate securities \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	806	643
Foreign public corporate securities \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	69	0
Commercial mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	486
Commercial mortgage-backed securities \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	486
Commercial mortgage-backed securities \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Commercial mortgage-backed securities \| 30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Residential mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	10	217
Residential mortgage-backed securities \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	10	217
Residential mortgage-backed securities \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Residential mortgage-backed securities \| 30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Equity securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	360	484
Equity securities \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	360	484
Equity securities \| Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 0	$ 0

Investments (Securities Pledged

Investments (Securities Pledged) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	$ 25,049	$ 20,305
Total liabilities supported by the pledged collateral	15,421	17,173
Fixed maturities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	21,339	16,411
Assets supporting experience-rated contractholder liabilities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	0	34
Separate account assets
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	2,606	2,673
Equity securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	719	868
Securities sold under agreements to repurchase
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	6,589	10,185
Cash collateral for loaned securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	6,100	4,251
Separate account liabilities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	2,703	2,737
Other
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	355	319
Long-term Debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total liabilities supported by the pledged collateral	29	0
Trading \| Fixed maturities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	$ 30	$ 0

Investments (Assets on Deposit,

Investments (Assets on Deposit, Held in Trust and Restricted as to Sale) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets on Deposit, Held in Trust and Restricted as to Sale [Line Items]
Assets on deposit with governmental authorities or trustees	$ 10	$ 33
Assets held in voluntary trusts	476	484
Assets held in trust related to reinsurance and other agreements	12,815	16,235
Securities restricted as to sale	149	86
Total assets on deposit, assets held in trust and securities restricted as to sale	13,450	16,838
Held-for-sale
Assets on Deposit, Held in Trust and Restricted as to Sale [Line Items]
Total assets on deposit, assets held in trust and securities restricted as to sale		553
Wholly-owned subsidiaries
Assets on Deposit, Held in Trust and Restricted as to Sale [Line Items]
Assets held in trust related to reinsurance and other agreements	$ 26,000	$ 28,400

Variable Interest Entities (Ass

Variable Interest Entities (Assets and Liabilities of Consolidated VIEs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Total Assets	$ 689,917	$ 937,582
Total liabilities	672,709	874,974
Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Total Assets	5,557	4,855
Total liabilities	763	779
Consolidated VIEs for Which the Company is the Investment Manager \| Wholly-owned Beneficial Interests
Variable Interest Entity [Line Items]
Total Assets	3,403	2,885
Consolidated VIEs for Which the Company is the Investment Manager \| Equity securities
Variable Interest Entity [Line Items]
Total Assets	85	79
Consolidated VIEs for Which the Company is the Investment Manager \| Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total Assets	784	915
Consolidated VIEs for Which the Company is the Investment Manager \| Other
Variable Interest Entity [Line Items]
Total Assets	3,397	2,846
Consolidated VIEs for Which the Company is the Investment Manager \| Cash and cash equivalents
Variable Interest Entity [Line Items]
Total Assets	375	128
Consolidated VIEs for Which the Company is the Investment Manager \| Accrued investment income
Variable Interest Entity [Line Items]
Total Assets	2	1
Consolidated VIEs for Which the Company is the Investment Manager \| Other assets
Variable Interest Entity [Line Items]
Total Assets	352	499
Consolidated VIEs for Which the Company is the Investment Manager \| Other liabilities
Variable Interest Entity [Line Items]
Total liabilities	389	505
Consolidated VIEs for Which the Company is the Investment Manager \| Notes Issued By Consolidated V I E
Variable Interest Entity [Line Items]
Total liabilities	374	274
Other Consolidated VIEs
Variable Interest Entity [Line Items]
Total Assets	1,556	1,978
Total liabilities	0	2
Other Consolidated VIEs \| Equity securities
Variable Interest Entity [Line Items]
Total Assets	0	0
Other Consolidated VIEs \| Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total Assets	0	0
Other Consolidated VIEs \| Other
Variable Interest Entity [Line Items]
Total Assets	68	138
Other Consolidated VIEs \| Cash and cash equivalents
Variable Interest Entity [Line Items]
Total Assets	0	0
Other Consolidated VIEs \| Accrued investment income
Variable Interest Entity [Line Items]
Total Assets	3	3
Other Consolidated VIEs \| Other assets
Variable Interest Entity [Line Items]
Total Assets	706	785
Other Consolidated VIEs \| Other liabilities
Variable Interest Entity [Line Items]
Total liabilities	0	2
Other Consolidated VIEs \| Notes Issued By Consolidated V I E
Variable Interest Entity [Line Items]
Total liabilities	0	0
Available-for-sale \| Consolidated VIEs for Which the Company is the Investment Manager \| Fixed maturities
Variable Interest Entity [Line Items]
Total Assets	398	200
Available-for-sale \| Other Consolidated VIEs \| Fixed maturities
Variable Interest Entity [Line Items]
Total Assets	90	262
Held-to-maturity \| Consolidated VIEs for Which the Company is the Investment Manager \| Fixed maturities
Variable Interest Entity [Line Items]
Total Assets	0	9
Held-to-maturity \| Other Consolidated VIEs \| Fixed maturities
Variable Interest Entity [Line Items]
Total Assets	689	790
Trading \| Consolidated VIEs for Which the Company is the Investment Manager \| Fixed maturities
Variable Interest Entity [Line Items]
Total Assets	164	178
Trading \| Other Consolidated VIEs \| Fixed maturities
Variable Interest Entity [Line Items]
Total Assets	$ 0	$ 0
Minimum \| Consolidated VIEs for Which the Company is the Investment Manager \| Notes Issued By Consolidated V I E
Variable Interest Entity [Line Items]
VIE Liabilities, maturities obligations (between)	1 year
Maximum \| Consolidated VIEs for Which the Company is the Investment Manager \| Notes Issued By Consolidated V I E
Variable Interest Entity [Line Items]
VIE Liabilities, maturities obligations (between)	10 years

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Liabilities	$ 672,709,000,000	$ 874,974,000,000
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liabilities	83,634,000,000	111,189,000,000
Fixed maturities, available-for-sale, Fixed maturities, trading, Equity securities and Other invested assets \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum exposure to loss resulting from investment in unconsolidated VIEs	950,000,000	997,000,000
Liabilities	0
Other \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum exposure to loss resulting from investment in unconsolidated VIEs	$ 16,917,000,000	$ 15,966,000,000

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total derivative assets	$ 1,455	$ 3,266
Total derivative liabilities	3,055	2,278
Anticipated pre-tax loss reclassified from accumulated other comprehensive income (loss) to earnings	$ 263
Maximum Length of Time Hedged in Cash Flow Hedge (future cash flows)	29 years
Net investment hedges income (loss) before taxes	$ 134	16	$ (149)
Non-derivative AOCI Net Investment Hedge Before Tax	134	25	$ (21)
Derivative [Line Items]
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	(31)	128
Credit Derivative Protection Purchased Notional Amount	324	115
Credit Default Swap, Buying Protection
Derivative [Line Items]
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 1
Credit Risk Derivative Liabilities, at Fair Value		$ 1
Credit Index Product
Derivative [Line Items]
Credit Derivatives Written Max Length Of Maturities	25 years

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional	$ 460,804	$ 471,246
Assets	16,257	17,416
Liabilities	(26,353)	(19,592)
Embedded Derivative, Fair Value of Embedded Derivative, Net	(7,718)	(10,245)
Held-for-sale
Derivative [Line Items]
Notional		41,179
Assets		1,643
Liabilities		(1,503)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	34,491	29,900
Assets	3,690	2,033
Liabilities	(925)	(371)
Derivatives Designated as Hedge Accounting Instruments: \| Interest Rate Swaps
Derivative [Line Items]
Notional	3,627	3,591
Assets	66	805
Liabilities	(245)	(69)
Derivatives Designated as Hedge Accounting Instruments: \| Interest Rate Forwards
Derivative [Line Items]
Notional	398	248
Assets	0	15
Liabilities	(85)	(2)
Derivatives Designated as Hedge Accounting Instruments: \| Foreign Currency Forwards
Derivative [Line Items]
Notional	4,830	4,789
Assets	155	62
Liabilities	(262)	(107)
Derivatives Designated as Hedge Accounting Instruments: \| Foreign Currency Swaps
Derivative [Line Items]
Notional	25,636	21,272
Assets	3,469	1,151
Liabilities	(333)	(193)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	426,313	441,346
Assets	12,567	15,383
Liabilities	(25,428)	(19,221)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Swaps
Derivative [Line Items]
Notional	212,934	196,124
Assets	9,097	10,515
Liabilities	(21,154)	(14,430)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Forwards
Derivative [Line Items]
Notional	2,354	4,709
Assets	21	41
Liabilities	(42)	(11)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Foreign Currency Forwards
Derivative [Line Items]
Notional	31,317	28,235
Assets	1,556	1,046
Liabilities	(1,924)	(1,209)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Foreign Currency Options
Derivative [Line Items]
Notional	0	0
Assets	0	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Foreign Currency Swaps
Derivative [Line Items]
Notional	8,410	12,683
Assets	813	751
Liabilities	(170)	(216)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Futures
Derivative [Line Items]
Notional	18,080	17,429
Assets	13	76
Liabilities	(24)	(9)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Options
Derivative [Line Items]
Notional	9,778	15,353
Assets	224	710
Liabilities	(280)	(265)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Credit Default Swaps
Derivative [Line Items]
Notional	6,351	3,489
Assets	27	128
Liabilities	(57)	(1)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Equity Futures
Derivative [Line Items]
Notional	1,372	6,178
Assets	1	1
Liabilities	(2)	(10)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Equity Options
Derivative [Line Items]
Notional	38,323	60,057
Assets	708	2,065
Liabilities	(1,590)	(2,640)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Total Return Swaps
Derivative [Line Items]
Notional	11,806	13,850
Assets	106	49
Liabilities	(184)	(430)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Other
Derivative [Line Items]
Notional	1,250	1,255
Assets	0	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Synthetic GICs
Derivative [Line Items]
Notional	84,338	81,984
Assets	1	1
Liabilities	$ (1)	$ 0

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments (Hedged Item Offset By Derivatives Achieving Fair Value Hedge Accounting) (Details) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Fixed Maturities, Available for Sale, Fair Value	[1]	$ 307,719	$ 372,410
Commercial mortgage and other loans	[1]	56,745	58,666
Policyholders’ account balances		(135,602)	(122,633)
Future policy benefits		(284,452)	(290,784)
Carrying Amount of the Hedged Assets (Liabilities)
Derivative [Line Items]
Fixed Maturities, Available for Sale, Fair Value		297	641
Commercial mortgage and other loans		0	17
Policyholders’ account balances		(966)	(1,552)
Future policy benefits		(2,354)	(3,001)
Cumulative Adjustment Included in Carrying Amount
Derivative [Line Items]
Fixed Maturities, Available for Sale, Fair Value		27	63
Commercial mortgage and other loans		0	1
Policyholders’ account balances		217	(170)
Future policy benefits		$ 391	$ (279)

[1]See Note 4 for details of balances associated with variable interest entities.

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative Assets
Gross Amounts of Recognized Financial Instruments	$ 16,178	$ 17,272
Gross Amounts Offset in the Statements of Financial Position	(14,802)	(14,150)
Net Amounts Presented in the Statements of Financial Position	1,376	3,122
Financial Instruments/Collateral	(702)	(802)
Net Amount	674	2,320
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	385	704
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	385	704
Financial Instruments/Collateral	(385)	(704)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	16,563	17,976
Gross Amounts Offset in the Statements of Financial Position	(14,802)	(14,150)
Net Amounts Presented in the Statements of Financial Position	1,761	3,826
Financial Instruments/Collateral	(1,087)	(1,506)
Net Amount	674	2,320
Derivative Liabilities
Gross Amounts of Recognized Financial Instruments	26,352	19,587
Gross Amounts Offset in the Statement of Financial Position	(23,298)	(17,314)
Net Amounts Presented in the Statement of Financial Position	3,054	2,273
Financial Instruments/Collateral	(3,054)	(797)
Net Amount	0	1,476
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	6,589	10,185
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts Presented in the Statement of Financial Position	6,589	10,185
Financial Instruments/Collateral	(6,589)	(9,699)
Net Amount	0	486
Total Liabilities
Gross Amounts of Recognized Financial Instruments	32,941	29,772
Gross Amounts Offset in the Statement of Financial Position	(23,298)	(17,314)
Net Amounts Presented in the Statement of Financial Position	9,643	12,458
Financial Instruments/Collateral	(9,643)	(10,496)
Net Amount	$ 0	$ 1,962

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments Gain Loss [Line Items]
Non-derivative AOCI Net Investment Hedge Before Tax	$ 134	$ 25	$ (21)
Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ (1,696)	$ 1,793	$ (4,711)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized investment gains (losses), net	Realized investment gains (losses), net	Realized investment gains (losses), net
Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ (1,831)	$ 1,699	$ (4,847)
Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 312	$ 282	$ 326
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net investment income	Net investment income	Net investment income
Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0
Other Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 480	$ 183	$ (182)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (loss)	Other income (loss)	Other income (loss)
Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 3	$ 2	$ (5)
Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ (1)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	General and administrative expenses	General and administrative expenses	General and administrative expenses
Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0
Interest Credited to Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 12	$ 35	$ 40
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest credited to policyholders’ account balances	Interest credited to policyholders’ account balances	Interest credited to policyholders’ account balances
Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0
Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 7	$ 17	$ 30
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Policyholders’ benefits	Policyholders’ benefits	Policyholders’ benefits
Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0
AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 1,580	$ 1,132	$ (1,118)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other comprehensive income (loss), net of tax	Other comprehensive income (loss), net of tax	Other comprehensive income (loss), net of tax
AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0
Fair value hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	11	12	(17)
Fair value hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(7)	(9)	(8)
Fair value hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Fair value hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Fair value hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(375)	(98)	236
Fair value hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(662)	(67)	232
Fair value hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Fair Value Hedged Item \| Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(8)	(17)	16
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	3	(5)	(1)
Fair Value Hedged Item \| Investment Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	23	18	19
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	16	9	11
Fair Value Hedged Item \| Other Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0
Fair Value Hedged Item \| Interest Expense
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0
Fair Value Hedged Item \| Interest Credited to Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	387	133	(196)
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	12	35	40
Fair Value Hedged Item \| Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	673	90	(201)
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	7	17	30
Fair Value Hedged Item \| AOCI
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(19)	(46)	10
Cash flow hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	132	99	144
Cash flow hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	296	273	315
Cash flow hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	477	181	(303)
Cash flow hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(1)
Cash flow hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Cash flow hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Cash flow hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	1,597	1,187	(1,000)
Net investment hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(7)
Net investment hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Net investment hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	126
Net investment hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Net investment hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Net investment hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Net investment hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2	(9)	(128)
Interest Rate \| Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(9,893)	(1,875)	5,800
Interest Rate \| Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Fair value hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	39	20	(17)
Interest Rate \| Fair value hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(5)	(9)	(8)
Interest Rate \| Fair value hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Fair value hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Fair value hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(375)	(98)	236
Interest Rate \| Fair value hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(438)	(73)	186
Interest Rate \| Fair value hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Fair Value Hedged Item \| Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(39)	(24)	16
Interest Rate \| Fair Value Hedged Item \| Investment Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	14	16	18
Interest Rate \| Fair Value Hedged Item \| Other Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Interest Rate \| Fair Value Hedged Item \| Interest Expense
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Interest Rate \| Fair Value Hedged Item \| Interest Credited to Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	387	133	(196)
Interest Rate \| Fair Value Hedged Item \| Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	448	96	(155)
Interest Rate \| Fair Value Hedged Item \| AOCI
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Interest Rate \| Cash flow hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(4)	(2)	40
Interest Rate \| Cash flow hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(3)	2	1
Interest Rate \| Cash flow hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Cash flow hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(1)
Interest Rate \| Cash flow hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Cash flow hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Interest Rate \| Cash flow hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(217)	(13)	7
Currency \| Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(400)	(364)	100
Currency \| Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(3)	(3)	(1)
Currency \| Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Fair value hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(28)	(8)	0
Currency \| Fair value hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(2)	0	0
Currency \| Fair value hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Fair value hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Fair value hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Fair value hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(224)	6	46
Currency \| Fair value hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Fair Value Hedged Item \| Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	31	7	0
Currency \| Fair Value Hedged Item \| Investment Income
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	9	2	1
Currency \| Fair Value Hedged Item \| Other Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Currency \| Fair Value Hedged Item \| Interest Expense
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Currency \| Fair Value Hedged Item \| Interest Credited to Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Currency \| Fair Value Hedged Item \| Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	225	(6)	(46)
Currency \| Fair Value Hedged Item \| AOCI
Derivative Instruments Gain Loss [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0
Currency \| Amortization of Gain(loss) excluded from assessment of effectiveness \| Gain (Loss) on Investments
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Amortization of Gain(loss) excluded from assessment of effectiveness \| Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Amortization of Gain(loss) excluded from assessment of effectiveness \| Other Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Amortization of Gain(loss) excluded from assessment of effectiveness \| Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Amortization of Gain(loss) excluded from assessment of effectiveness \| Interest Credited to Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Amortization of Gain(loss) excluded from assessment of effectiveness \| Policyholder Benefts
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(4)	(6)	(1)
Currency \| Amortization of Gain(loss) excluded from assessment of effectiveness \| AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(19)	(46)	10
Currency \| Cash flow hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	15	(4)	5
Currency \| Cash flow hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Cash flow hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Cash flow hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Cash flow hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Cash flow hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Cash flow hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	191	48	(69)
Currency \| Net investment hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(7)
Currency \| Net investment hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Net investment hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	126
Currency \| Net investment hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Net investment hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Net investment hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency \| Net investment hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2	(9)	(128)
Currency/Interest Rate \| Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	854	802	(188)
Currency/Interest Rate \| Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	6	5	(4)
Currency/Interest Rate \| Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Cash flow hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	121	105	99
Currency/Interest Rate \| Cash flow hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	299	271	314
Currency/Interest Rate \| Cash flow hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	477	181	(303)
Currency/Interest Rate \| Cash flow hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Cash flow hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Cash flow hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Cash flow hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	1,623	1,152	(938)
Currency/Interest Rate \| Net investment hedges \| Gain (Loss) on Investments \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Net investment hedges \| Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Net investment hedges \| Other Income (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Net investment hedges \| Interest Expense \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Net investment hedges \| Interest Credited to Policyholders’ Account Balances \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Net investment hedges \| Policyholder Benefts \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Currency/Interest Rate \| Net investment hedges \| AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit \| Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	5	61	(56)
Credit \| Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit \| Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit \| Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit \| Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit \| Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Credit \| AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Equity \| Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	1,409	(2,600)	(5,623)
Equity \| Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Equity \| Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Equity \| Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Equity \| Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Equity \| Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Equity \| AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract \| Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2	1	2
Other Contract \| Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract \| Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract \| Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract \| Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract \| Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Other Contract \| AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments \| Gain (Loss) on Investments \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	6,192	5,674	(4,882)
Embedded Derivative Financial Instruments \| Investment Income \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments \| Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments \| Interest Expense \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments \| Interest Credited to Policyholders’ Account Balances \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments \| Policyholder Benefts \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Embedded Derivative Financial Instruments \| AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Net unrealized investment gains (losses)	Net unrealized investment gains (losses)	Net unrealized investment gains (losses)
Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 1,019	$ (168)	$ 832
Amount recorded in AOCI	2,502	1,740	(845)
Amount reclassified from AOCI to income	(905)	(553)	(155)
Ending Balance	2,616	1,019	(168)
Interest Rate \| Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	(224)	(13)	47
Amount reclassified from AOCI to income	7	0	(40)
Currency \| Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	206	44	(64)
Amount reclassified from AOCI to income	(15)	4	(5)
Currency/Interest Rate \| Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	2,520	1,709	(828)
Amount reclassified from AOCI to income	$ (897)	$ (557)	$ (110)

Derivative Instruments (Credit

Derivative Instruments (Credit Derivatives) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 6,027	$ 3,374
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	(31)	128
Held-for-sale
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted		1,971
Credit Risk Derivative Assets, at Fair Value		54
Credit Risk Derivative Liabilities, at Fair Value		0
Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	6,027	3,374
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	(31)	128
NAIC 1
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	48	49
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 1 \| Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 1 \| Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	48	49
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 2
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 2 \| Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 2 \| Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	5,197	2,397
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	(46)	41
NAIC 3 \| Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 3 \| Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	5,197	2,397
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	(46)	41
NAIC 4
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 4 \| Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 4 \| Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 5
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 5 \| Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 5 \| Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	782	928
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	15	87
NAIC 6 \| Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 6 \| Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	782	928
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 15	$ 87

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value	[1]	$ 307,719	$ 372,410
Assets supporting experience-rated contractholder liabilities		2,844	3,358
Fixed maturities, trading	[1]	5,951	8,823
Equity securities, Fair Value	[1]	7,150	8,574
Commercial mortgage and other loans	[1]	56,745	58,666
Other invested assets	[1]	21,099	21,833
Short-term investments		4,591
Other assets	[1]	30,188	10,739
Separate account assets		197,679	246,145
TOTAL ASSETS		689,917	937,582
Future policy benefits		284,452	290,784
Other liabilities	[1]	20,536	11,755
Total liabilities		672,709	874,974
Netting		(14,802)	(14,150)
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability		7,718	10,245
Debt Securities, Available-for-sale, Amortized Cost		335,447	333,459
Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities			18,818
Other invested assets			104
Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		307,719	372,410
Assets supporting experience-rated contractholder liabilities		945	1,057
Debt Securities, Available-for-sale, Amortized Cost		335,447	333,459
Fixed maturities \| Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value			13,569
Assets supporting experience-rated contractholder liabilities			17,706
Debt Securities, Available-for-sale, Amortized Cost			13,145
Future policy benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability		4,746	9,069
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset		807	611
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability		5,553	9,680
U.S. Treasury securities and obligations of U.S. government authorities and agencies \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		26,069	32,158
Debt Securities, Available-for-sale, Amortized Cost		29,372	26,231
Obligations of U.S. states and their political subdivisions \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		9,689	12,218
Debt Securities, Available-for-sale, Amortized Cost		10,179	10,445
Foreign government bonds \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		73,226	94,669
Assets supporting experience-rated contractholder liabilities		668	761
Debt Securities, Available-for-sale, Amortized Cost		74,103	83,363
Foreign government bonds \| Fixed maturities \| Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities			237
U.S. public corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		87,586	112,155
Debt Securities, Available-for-sale, Amortized Cost		99,854	98,836
U.S. private corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		36,879	37,382
Debt Securities, Available-for-sale, Amortized Cost		39,867	35,019
Foreign public corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		20,687	27,309
Debt Securities, Available-for-sale, Amortized Cost		22,235	24,877
Foreign private corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		27,660	29,037
Debt Securities, Available-for-sale, Amortized Cost		32,755	28,047
Corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		88	103
Corporate securities \| Fixed maturities \| Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities			12,463
Asset-backed securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		12,851	11,525
Assets supporting experience-rated contractholder liabilities		0	0
Debt Securities, Available-for-sale, Amortized Cost		12,972	11,402
Asset-backed securities \| Fixed maturities \| Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities			2,093
Commercial mortgage-backed securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		10,655	13,099
Assets supporting experience-rated contractholder liabilities		0	0
Debt Securities, Available-for-sale, Amortized Cost		11,497	12,490
Commercial mortgage-backed securities \| Fixed maturities \| Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities			1,830
Residential mortgage-backed securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		2,417	2,858
Assets supporting experience-rated contractholder liabilities		0	0
Debt Securities, Available-for-sale, Amortized Cost		2,613	2,749
Residential mortgage-backed securities \| Fixed maturities \| Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities			683
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		307,719	372,410
Assets supporting experience-rated contractholder liabilities		2,844	3,348
Fixed maturities, trading		5,951	8,823
Equity securities, Fair Value		7,150	8,377
Commercial mortgage and other loans		137	1,263
Other invested assets		1,993	3,756
Short-term investments		3,787	5,643
Cash equivalents		7,474	5,259
Other assets		176	164
Separate account assets		171,805	219,971
TOTAL ASSETS		509,036	629,014
Future policy benefits		4,746	9,068
Policyholders' account balances		3,492	1,436
Other liabilities		2,682	1,860
Notes issued by consolidated VIEs		0	0
Total liabilities		10,920	12,364
Assets Netting		(14,802)	(14,150)
Liabilities Netting		(23,298)	(17,314)
Netting		(8,496)	(3,164)
Fair Value, Measurements, Recurring \| Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOTAL ASSETS			129,579
Total liabilities			6,214
Fair Value, Measurements, Recurring \| Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(14,802)	(14,150)
Fair Value, Measurements, Recurring \| Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities Netting		(23,298)	(17,314)
Fair Value, Measurements, Recurring \| U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		26,069	32,158
Assets supporting experience-rated contractholder liabilities		189	193
Fair Value, Measurements, Recurring \| Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		9,689	12,218
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		73,226	94,669
Assets supporting experience-rated contractholder liabilities		668	761
Fair Value, Measurements, Recurring \| U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		87,586	112,155
Fair Value, Measurements, Recurring \| U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		36,879	37,382
Fair Value, Measurements, Recurring \| Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		20,687	27,309
Fair Value, Measurements, Recurring \| Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		27,660	29,037
Fair Value, Measurements, Recurring \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		88	103
Fair Value, Measurements, Recurring \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		12,851	11,525
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		10,655	13,099
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		2,417	2,858
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		1,899	2,271
Fair Value, Measurements, Recurring \| All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	20
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		780	864
Fixed maturities, trading		0	0
Equity securities, Fair Value		4,338	7,386
Commercial mortgage and other loans		0	0
Other invested assets		15	409
Short-term investments		341	1,199
Cash equivalents		544	753
Other assets		0	0
Separate account assets		8,310	12,305
TOTAL ASSETS		14,328	22,916
Future policy benefits		0	0
Policyholders' account balances		0	0
Other liabilities		26	33
Notes issued by consolidated VIEs		0	0
Total liabilities		26	33
Fair Value, Measurements, Recurring \| Level 1 \| U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 1 \| U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Fair Value, Measurements, Recurring \| Level 1 \| U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 1 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		780	862
Fair Value, Measurements, Recurring \| Level 1 \| All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	2
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		302,557	365,090
Assets supporting experience-rated contractholder liabilities		2,064	2,484
Fixed maturities, trading		5,647	8,402
Equity securities, Fair Value		2,185	192
Commercial mortgage and other loans		137	1,263
Other invested assets		16,241	17,004
Short-term investments		3,428	4,114
Cash equivalents		6,930	4,436
Other assets		0	0
Separate account assets		162,414	206,383
TOTAL ASSETS		501,603	609,368
Future policy benefits		0	0
Policyholders' account balances		0	0
Other liabilities		25,953	19,141
Notes issued by consolidated VIEs		0	0
Total liabilities		25,953	19,141
Fair Value, Measurements, Recurring \| Level 2 \| U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		26,069	32,158
Assets supporting experience-rated contractholder liabilities		189	193
Fair Value, Measurements, Recurring \| Level 2 \| Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		9,682	12,210
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 2 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		73,218	94,659
Assets supporting experience-rated contractholder liabilities		668	761
Fair Value, Measurements, Recurring \| Level 2 \| U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		87,521	112,073
Fair Value, Measurements, Recurring \| Level 2 \| U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		34,487	35,344
Fair Value, Measurements, Recurring \| Level 2 \| Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		20,621	27,184
Fair Value, Measurements, Recurring \| Level 2 \| Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		26,325	25,966
Fair Value, Measurements, Recurring \| Level 2 \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		88	103
Fair Value, Measurements, Recurring \| Level 2 \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		12,582	11,200
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 2 \| Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		9,644	11,763
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 2 \| Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		2,408	2,533
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 2 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		1,119	1,409
Fair Value, Measurements, Recurring \| Level 2 \| All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	18
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		5,162	7,320
Assets supporting experience-rated contractholder liabilities		0	0
Fixed maturities, trading		304	421
Equity securities, Fair Value		627	799
Commercial mortgage and other loans		0	0
Other invested assets		539	493
Short-term investments		18	330
Cash equivalents		0	70
Other assets		176	164
Separate account assets		1,081	1,283
TOTAL ASSETS		7,907	10,880
Future policy benefits		4,746	9,068
Policyholders' account balances		3,492	1,436
Other liabilities		1	0
Notes issued by consolidated VIEs		0	0
Total liabilities		8,239	10,504
Fair Value, Measurements, Recurring \| Level 3 \| U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		7	8
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		8	10
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		65	82
Fair Value, Measurements, Recurring \| Level 3 \| U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		2,392	2,038
Fair Value, Measurements, Recurring \| Level 3 \| Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		66	125
Fair Value, Measurements, Recurring \| Level 3 \| Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		1,335	3,071
Fair Value, Measurements, Recurring \| Level 3 \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		269	325
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		1,011	1,336
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		9	325
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring \| Level 3 \| All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Prudential Netting Agreement \| U.S. private corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed Maturities, Available for Sale, Fair Value		8,040	5,995
Debt Securities, Available-for-sale, Amortized Cost		8,040	5,941
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		3,689	4,290
Separate account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		$ 25,874	$ 26,174

[1]See Note 4 for details of balances associated with variable interest entities.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 284,452	$ 290,784
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	4,746	9,068
Policyholders' account balances	$ 3,492	1,436
Level 3 \| Minimum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	50 years
Level 3 \| Minimum \| Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Mortality rate	0%
Level 3 \| Maximum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	90 years
Level 3 \| Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 4,746	9,068
Policyholders' account balances	$ 3,492	$ 1,436
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR/LIBOR	0.50%	0.03%
Utilization rate	38%	39%
Withdrawal rate (greater than maximum range)	77%	76%
Mortality rate	0%	0%
Equity volatility curve	18%	16%
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR/LIBOR	0.17%	0.03%
Mortality rate	0%	0%
Equity volatility curve	6%	6%
Option budget	(2.00%)
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.61%	0.31%
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.20%	0.50%
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	1.25%	1.05%
Level 3 \| Internal \| Minimum \| Market comparables \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	2.2	4.1
Level 3 \| Internal \| Minimum \| Market comparables \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	1	1
Level 3 \| Internal \| Minimum \| Liquidation \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	8.16%	11.31%
Level 3 \| Internal \| Minimum \| Net asset value \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	6	1
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20%	20%
Spread over SOFR/LIBOR	2.20%	1.14%
Utilization rate	95%	96%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	26%	25%
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	80%	42%
Spread over SOFR/LIBOR	1.93%	1.14%
Mortality rate	23%	23%
Equity volatility curve	30%	31%
Option budget	6%
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	20%	20%
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	20%	20%
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	2.10%	1.98%
Level 3 \| Internal \| Maximum \| Market comparables \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	23.5	19.2
Level 3 \| Internal \| Maximum \| Market comparables \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	7.5	7.5
Level 3 \| Internal \| Maximum \| Liquidation \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	8.25%	62.58%
Level 3 \| Internal \| Maximum \| Net asset value \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	1,708	1,498
Level 3 \| Internal \| Weighted Average \| Discounted cash flow \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	8.09%	5%
Level 3 \| Internal \| Weighted Average \| Discounted cash flow \| Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	1.44%	1.18%
Level 3 \| Internal \| Weighted Average \| Market comparables \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	8.3	8.9
Level 3 \| Internal \| Weighted Average \| Market comparables \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	4	4
Level 3 \| Internal \| Weighted Average \| Liquidation \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	8.21%	55.57%
Level 3 \| Internal \| Weighted Average \| Net asset value \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	22	594
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 4,746	$ 9,068
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders' account balances	3,492	1,436
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	3,128	4,800
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Equity securities	290	277
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Commercial mortgage loans	$ 74	$ 150

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Corporate securities \| Held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers out of Level 3		$ 218
Structured securities \| Held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers out of Level 3		79
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 799	660
Purchases	52	171
Sales	(244)	(98)
Issuances	0	0
Settlements	(7)	(24)
Other	(27)	(31)
Transfers into Level 3	73	76
Transfers out of Level 3	(1)	(72)
Fair Value, end of period	627	799	$ 660
Total gains (losses) (realized/unrealized):
Included in earnings	(18)	117
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(39)	145
Equity securities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Equity securities \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	(18)	117	14
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(39)	145	11
Equity securities \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Equity securities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Equity securities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Assets supporting experience-rated contractholder liabilities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Assets supporting experience-rated contractholder liabilities \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	(6)	(22)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	(22)
Assets supporting experience-rated contractholder liabilities \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Assets supporting experience-rated contractholder liabilities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Assets supporting experience-rated contractholder liabilities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	7	4
Assets supporting experience-rated contractholder liabilities \| Foreign government bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	19
Purchases	0	0
Sales	0	(14)
Issuances	0	0
Settlements	0	(5)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	0	19
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Assets supporting experience-rated contractholder liabilities \| Corporate securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	482
Purchases	0	17
Sales	0	0
Issuances	0	0
Settlements	0	(113)
Other	0	(157)
Transfers into Level 3	0	71
Transfers out of Level 3	0	(306)
Fair Value, end of period	0	0	482
Total gains (losses) (realized/unrealized):
Included in earnings	0	6
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Assets supporting experience-rated contractholder liabilities \| Structured securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	114
Purchases	0	221
Sales	0	(8)
Issuances	0	0
Settlements	0	(38)
Other	0	0
Transfers into Level 3	0	2
Transfers out of Level 3	0	(286)
Fair Value, end of period	0	0	114
Total gains (losses) (realized/unrealized):
Included in earnings	0	(5)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Assets supporting experience-rated contractholder liabilities \| Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	0	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Assets supporting experience-rated contractholder liabilities \| All other activity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	20
Purchases	0	1
Sales	0	(1)
Issuances	0	0
Settlements	0	(20)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	0	20
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	493	366
Purchases	98	193
Sales	(52)	(55)
Issuances	0	0
Settlements	(11)	(50)
Other	(1)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	539	493	366
Total gains (losses) (realized/unrealized):
Included in earnings	12	39
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	12	40
Other invested assets \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(12)	7	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(12)	6	0
Other invested assets \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	24	32	7
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	24	34	7
Other invested assets \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other invested assets \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other invested assets \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Short-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	330	177
Purchases	28	783
Sales	0	0
Issuances	0	0
Settlements	(340)	(597)
Other	6	(26)
Transfers into Level 3	0	5
Transfers out of Level 3	(1)	(13)
Fair Value, end of period	18	330	177
Total gains (losses) (realized/unrealized):
Included in earnings	(5)	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	(1)
Short-term investments \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(5)	0	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	(1)	(1)
Short-term investments \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Short-term investments \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Short-term investments \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Short-term investments \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	1	0
Cash equivalents
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	70	1
Purchases	7	82
Sales	0	0
Issuances	0	0
Settlements	(73)	0
Other	(3)	(4)
Transfers into Level 3	0	0
Transfers out of Level 3	0	(8)
Fair Value, end of period	0	70	1
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(2)	(1)
Cash equivalents \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	(1)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(2)	(1)	0
Cash equivalents \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Cash equivalents \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Cash equivalents \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Cash equivalents \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	164	268
Purchases	98	55
Sales	0	0
Issuances	0	0
Settlements	(12)	(9)
Other	(64)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	(76)
Fair Value, end of period	176	164	268
Total gains (losses) (realized/unrealized):
Included in earnings	(10)	(74)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(68)	(44)
Other assets \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(77)	(113)	87
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(68)	(44)	88
Other assets \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other assets \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other assets \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	67	39	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other assets \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Separate accounts assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,283	1,821
Purchases	254	298
Sales	(192)	(81)
Issuances	0	0
Settlements	(67)	(30)
Other	0	(615)
Transfers into Level 3	94	67
Transfers out of Level 3	(76)	(503)
Fair Value, end of period	1,081	1,283	1,821
Total gains (losses) (realized/unrealized):
Included in earnings	(215)	326
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(211)	199
Separate accounts assets \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Separate accounts assets \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Separate accounts assets \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	(215)	326	143
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(211)	199	157
Separate accounts assets \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Separate accounts assets \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Future policy benefits
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(9,068)	(18,879)
Purchases	0	0
Sales	0	0
Issuances	(1,019)	(1,322)
Settlements	0	0
Other	(242)	12
Transfers into Level 3	0	0
Transfers out of Level 3	0	4,162
Fair Value, end of period	(4,746)	(9,068)	(18,879)
Total gains (losses) (realized/unrealized):
Included in earnings	5,583	6,959
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	5,420	4,654
Future policy benefits \| Held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers out of Level 3		4,162
Future policy benefits \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	5,583	6,959	(4,837)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	5,423	4,654	(5,263)
Future policy benefits \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3)	0	0
Future policy benefits \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Future policy benefits \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Future policy benefits \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Policyholders’ account balances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(1,436)	(1,914)
Purchases	0	0
Sales	0	0
Issuances	(1,078)	(389)
Settlements	0	0
Other	(912)	0
Transfers into Level 3	0	1
Transfers out of Level 3	0	2,040
Fair Value, end of period	(3,492)	(1,436)	(1,914)
Total gains (losses) (realized/unrealized):
Included in earnings	(66)	(1,174)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	67	(10)
Policyholders’ account balances \| Held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers out of Level 3		2,040
Policyholders’ account balances \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(66)	(1,174)	(228)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	67	(10)	(155)
Policyholders’ account balances \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Policyholders’ account balances \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Policyholders’ account balances \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Policyholders’ account balances \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Other liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	(1)	0
Transfers out of Level 3	0	0
Fair Value, end of period	(1)	0	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other liabilities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other liabilities \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	105
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	105
Other liabilities \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other liabilities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Other liabilities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Notes issued by consolidated VIEs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	0	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Notes issued by consolidated VIEs \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Notes issued by consolidated VIEs \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	25
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	25
Notes issued by consolidated VIEs \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Notes issued by consolidated VIEs \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Notes issued by consolidated VIEs \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Available-for-sale \| Fixed Maturities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(89)	45	(111)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(101)	(43)	(139)
Available-for-sale \| Fixed Maturities \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Available-for-sale \| Fixed Maturities \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Available-for-sale \| Fixed Maturities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(783)	(163)	368
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(782)	(153)	331
Available-for-sale \| Fixed Maturities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	8	4	9
Available-for-sale \| Fixed Maturities \| U.S. government
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	150
Purchases	0	0
Sales	0	(150)
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	0	150
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale \| Fixed Maturities \| U.S. states
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	8	4
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	4
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	7	8	4
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1)	0
Available-for-sale \| Fixed Maturities \| Foreign government bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	10	11
Purchases	0	0
Sales	(1)	0
Issuances	0	0
Settlements	0	(1)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	8	10	11
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1)	0
Available-for-sale \| Fixed Maturities \| Corporate securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	5,316	5,335
Purchases	1,574	1,560
Sales	(219)	(47)
Issuances	20	114
Settlements	(874)	(1,278)
Other	85	(8)
Transfers into Level 3	125	386
Transfers out of Level 3	(1,637)	(542)
Fair Value, end of period	3,858	5,316	5,335
Total gains (losses) (realized/unrealized):
Included in earnings	(532)	(204)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(544)	(258)
Available-for-sale \| Fixed Maturities \| Structured securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,986	543
Purchases	705	1,546
Sales	(23)	(3)
Issuances	0	0
Settlements	(363)	(248)
Other	(9)	10
Transfers into Level 3	7	1,779
Transfers out of Level 3	(684)	(1,731)
Fair Value, end of period	1,289	1,986	543
Total gains (losses) (realized/unrealized):
Included in earnings	(330)	90
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(337)	62
Trading \| Fixed Maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	421	243
Purchases	45	50
Sales	(48)	(55)
Issuances	0	0
Settlements	(81)	(21)
Other	(3)	161
Transfers into Level 3	1	52
Transfers out of Level 3	(15)	(45)
Fair Value, end of period	304	421	243
Total gains (losses) (realized/unrealized):
Included in earnings	(16)	36
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(17)	34
Trading \| Fixed Maturities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Trading \| Fixed Maturities \| Other Income
Total gains (losses) (realized/unrealized):
Included in earnings	(16)	36	(25)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(17)	34	(24)
Trading \| Fixed Maturities \| Interest credited to policyholders' account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Trading \| Fixed Maturities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0
Trading \| Fixed Maturities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 0	$ 1

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Derivative Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 1,455	$ 3,266
Netting	$ (14,802)	$ (14,150)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other invested assets	Other invested assets
Total derivative liabilities	$ 3,055	$ 2,278
Netting	$ (23,298)	$ (17,314)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 9,422	$ 12,163
Total derivative liabilities	21,831	14,786
Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,711	1,108
Total derivative liabilities	2,186	1,316
Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	27	128
Total derivative liabilities	57	1
Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	4,282	1,902
Total derivative liabilities	503	409
Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	815	2,115
Total derivative liabilities	1,776	3,080
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	14	318
Total derivative liabilities	26	20
Level 1 \| Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	13	76
Total derivative liabilities	24	9
Level 1 \| Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 \| Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 \| Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 \| Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	242
Total derivative liabilities	2	11
Level 1 \| Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	16,242	17,096
Total derivative liabilities	26,326	19,572
Level 2 \| Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	9,408	12,086
Total derivative liabilities	21,806	14,777
Level 2 \| Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,711	1,108
Total derivative liabilities	2,186	1,316
Level 2 \| Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	27	128
Total derivative liabilities	57	1
Level 2 \| Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	4,282	1,902
Total derivative liabilities	503	409
Level 2 \| Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	814	1,872
Total derivative liabilities	1,774	3,069
Level 2 \| Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	2
Total derivative liabilities	1	0
Level 3 \| Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	1
Total derivative liabilities	1	0
Level 3 \| Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 \| Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 \| Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 \| Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	1
Total derivative liabilities	0	0
Level 3 \| Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Netting	$ (8,496)	$ (3,164)

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities (Changes in Level 3 Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	$ 1	$ 0	$ 0
Total gains (losses) (realized/unrealized):
Included in earnings	1	1	0
Purchases	0	1	0
Sales	(2)	0	0
Issuances	0	0	0
Settlements	0	(1)	0
Other	0	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	0	1	0
Unrealized gains (losses) for assets still held:
Included in earnings	1	1	0
Interest Rate
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	1	0	1
Total gains (losses) (realized/unrealized):
Included in earnings	0	1	(1)
Purchases	0	0	0
Sales	0	0	0
Issuances	0	0	0
Settlements	0	0	0
Other	0	0	0
Transfers into Level 3	(1)	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	0	1	0
Unrealized gains (losses) for assets still held:
Included in earnings	$ 0	$ 1	$ 0

Fair Value of Assets and Liab_8

Fair Value of Assets and Liabilities (Nonrecurring Fair Value Measurements) (Details) - Fair Value, Measurements, Nonrecurring - Level 3 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized gains (losses) net	$ (1)	$ 6	$ (25)
Carrying value after measurement as of period end	77	75
Investment real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized gains (losses) net	(12)	(15)	(24)
Carrying value after measurement as of period end	112	326
Investment in JV/LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized gains (losses) net	(129)	0	0
Carrying value after measurement as of period end	64	0
Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized gains (losses) net	(903)	(1,060)	$ 0
Carrying value after measurement as of period end	$ 177	$ 1,080

Fair Value of Assets and Liab_9

Fair Value of Assets and Liabilities (Changes in Fair Values Recorded in Earnings for FVO Assets-Liabilities) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest expense		$ 1,596	$ 1,478	$ 1,560
Commercial mortgage and other loans	[1]	56,745	58,666
Other assets	[1]	30,188	10,739
Commercial mortgage and other loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest income		23	15	17
Fair value option loans in non-accrual status		0
Fair value option loans in more than 90 days past due and still accruing		0
Notes issued by consolidated VIEs
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in fair value		0	0	(25)
Interest expense		0	0	$ 32
Fair value option
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		137	1,263
Other assets		11	59
Fair value option, aggregate contractual principal
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		$ 136	$ 1,253

[1]See Note 4 for details of balances associated with variable interest entities.

Fair Value of Assets and Lia_10

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Millions		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Assets:
Fixed maturities, held-to-maturity	[1]	$ 1,296		$ 1,514
Assets supporting experience-rated contractholder liabilities		2,844		3,358
Commercial mortgage and other loans	[1]	56,745		58,666
Policy loans		10,046		10,386
Other invested assets	[1]	21,099		21,833
Cash and cash equivalents		17,251	[1]	12,888	[1]	$ 13,701
Accrued investment income	[1]	3,012		2,855
Liabilities:
Securities sold under agreements to repurchase		6,589		10,185
Cash collateral for loaned securities		6,100		4,251
Short-term debt		775		722
Long-term debt		19,908		18,622
Held-for-sale
Assets:
Assets supporting experience-rated contractholder liabilities				18,818
Other invested assets				104
Accrued investment income				221
Fair Value
Assets:
Fixed maturities, held-to-maturity		1,455		1,803
Assets supporting experience-rated contractholder liabilities		0		10
Commercial mortgage and other loans		52,342		60,001
Policy loans		10,046		10,386
Other invested assets		102		81
Short-term Investments		804		992
Cash and cash equivalents		9,777		7,629
Accrued investment income		3,012		2,855
Other assets		3,731		2,763
Total assets		81,269		86,520
Liabilities:
Policyholders’ account balances—investment contracts		66,602		72,381
Securities sold under agreements to repurchase		6,589		10,185
Cash collateral for loaned securities		6,100		4,251
Short-term debt		777		722
Long-term debt		18,664		21,926
Notes issued by consolidated VIEs		374		274
Other liabilities		7,981		7,106
Separate account liabilities-investment contracts		53,005		53,414
Total liabilities		160,092		170,259
Fair Value \| Held-for-sale
Assets:
Total assets				6,936
Liabilities:
Total liabilities				101,992
Carrying Amount
Assets:
Fixed maturities, held-to-maturity		1,296		1,514
Assets supporting experience-rated contractholder liabilities		0		10
Commercial mortgage and other loans		56,608		57,403
Policy loans		10,046		10,386
Other invested assets		102		81
Short-term Investments		804		992
Cash and cash equivalents		9,777		7,629
Accrued investment income		3,012		2,855
Other assets		3,731		2,762
Total assets		85,376		83,632
Liabilities:
Policyholders’ account balances—investment contracts		70,722		71,290
Securities sold under agreements to repurchase		6,589		10,185
Cash collateral for loaned securities		6,100		4,251
Short-term debt		775		722
Long-term debt		19,908		18,622
Notes issued by consolidated VIEs		374		274
Other liabilities		7,981		7,106
Separate account liabilities-investment contracts		53,005		53,414
Total liabilities		165,454		165,864
Level 1 \| Fair Value
Assets:
Fixed maturities, held-to-maturity		0		0
Assets supporting experience-rated contractholder liabilities		0		3
Commercial mortgage and other loans		0		0
Policy loans		5		0
Other invested assets		0		0
Short-term Investments		715		972
Cash and cash equivalents		9,388		7,108
Accrued investment income		0		0
Other assets		48		47
Total assets		10,156		8,130
Liabilities:
Policyholders’ account balances—investment contracts		0		0
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		0		0
Long-term debt		550		613
Notes issued by consolidated VIEs		0		0
Other liabilities		0		0
Separate account liabilities-investment contracts		0		0
Total liabilities		550		613
Level 2 \| Fair Value
Assets:
Fixed maturities, held-to-maturity		1,455		1,794
Assets supporting experience-rated contractholder liabilities		0		7
Commercial mortgage and other loans		46		64
Policy loans		0		0
Other invested assets		102		81
Short-term Investments		89		20
Cash and cash equivalents		389		521
Accrued investment income		3,012		2,855
Other assets		2,929		2,677
Total assets		8,022		8,019
Liabilities:
Policyholders’ account balances—investment contracts		31,665		33,550
Securities sold under agreements to repurchase		6,589		10,185
Cash collateral for loaned securities		6,100		4,251
Short-term debt		613		518
Long-term debt		17,324		20,414
Notes issued by consolidated VIEs		0		0
Other liabilities		7,970		7,053
Separate account liabilities-investment contracts		27,735		28,567
Total liabilities		97,996		104,538
Level 3 \| Fair Value
Assets:
Fixed maturities, held-to-maturity		0		9
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		52,296		59,937
Policy loans		10,041		10,386
Other invested assets		0		0
Short-term Investments		0		0
Cash and cash equivalents		0		0
Accrued investment income		0		0
Other assets		754		39
Total assets		63,091		70,371
Liabilities:
Policyholders’ account balances—investment contracts		34,937		38,831
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		164		204
Long-term debt		790		899
Notes issued by consolidated VIEs		374		274
Other liabilities		11		53
Separate account liabilities-investment contracts		25,270		24,847
Total liabilities		61,546		65,108
Prudential Netting Agreement \| Fair Value
Assets:
Fixed maturities, held-to-maturity		4,250		5,394
Liabilities:
Long-term debt		12,290		11,389
Prudential Netting Agreement \| Carrying Amount
Assets:
Fixed maturities, held-to-maturity		4,250		4,750
Liabilities:
Long-term debt		$ 12,290		$ 10,691

[1]See Note 4 for details of balances associated with variable interest entities.

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs (Balance of and Changes in DAC) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period	$ 18,192	$ 19,027	$ 19,912
Capitalization of commissions, sales and issue expenses	2,197	2,548	2,763
Amortization—Impact of assumption and experience unlocking and true-ups	(296)	35	(36)
Amortization—All other	(2,133)	(2,132)	(2,185)
Change due to unrealized investment gains and losses	1,398	717	(379)
Foreign currency translation	(449)	(457)	142
Reclassified to "Assets held-for-sale"	0	(1,197)	0
Other	628	(349)	(1,190)
Balance, end of period	$ 19,537	$ 18,192	$ 19,027

Value of Business Acquired (Bal

Value of Business Acquired (Balance of and Changes in VOBA) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, beginning of period	$ 771	$ 1,103	$ 1,110
Amortization—Impact of assumption and experience unlocking and true-ups	(2)	5	(317)
Amortization—All other	(86)	(124)	(212)
Change due to unrealized investment gains and losses	19	67	418
Interest	15	25	56
Foreign currency translation	(95)	(90)	48
Reclassified to "Assets held-for-sale"	0	(215)	0
Other	(27)	0	0
Balance, end of period	595	$ 771	$ 1,103
Gibraltar Life
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, end of period	571
Gibraltar BSN Life Berhad
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, end of period	1
Aoba Life
Movement Analysis of Value of Business Acquired [Roll Forward]
Balance, end of period	$ 23

Value of Business Acquired (Est

Value of Business Acquired (Estimated Future VOBA Amortization, Net of Interest) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Present Value of Future Insurance Profits [Abstract]
Estimated future VOBA amortization - 2023	$ 56
Estimated future VOBA amortization - 2024	51
Estimated future VOBA amortization - 2025	47
Estimated future VOBA amortization - 2026	44
Estimated future VOBA amortization - 2027	40
Estimated future VOBA amortization - Thereafter	357
Total estimated future VOBA amortization	$ 595	$ 771	$ 1,103	$ 1,110

Investments in Operating Join_3

Investments in Operating Joint Ventures (Investments in Operating Joint Ventures) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 01, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investment in operating joint ventures	$ 1,181	$ 1,317	$ 1,394
Dividends received from operating joint ventures	81	116	60
After-tax equity in earnings of operating joint ventures	$ (56)	$ 87	$ 96
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Pramerica SGR
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage				35%

Investments in Operating Join_4

Investments in Operating Joint Ventures (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investment in operating joint ventures	$ 1,181	$ 1,317	$ 1,394
Asset management fee income
Schedule of Equity Method Investments [Line Items]
Investment in operating joint ventures	$ 1	$ 11	$ 30

Goodwill and Other Intangible_2

Goodwill and Other Intangibles (Changes in the Book Value of Goodwill by Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	$ 1,804	$ 3,035	$ 3,013
Acquisitions		304
Goodwill impairment pre-tax	(903)	(1,060)
Effect of foreign currency translation	(25)	(20)
Effect of foreign currency translation and other			22
Reclassified to "Assets held-for-sale"		(455)
Goodwill balance, End of the year	876	1,804	3,035
PGIM
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	558	258	254
Acquisitions		304
Goodwill impairment pre-tax	0	0
Effect of foreign currency translation	(9)	(4)
Effect of foreign currency translation and other			4
Reclassified to "Assets held-for-sale"		0
Goodwill balance, End of the year	549	558	258
Assurance IQ
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	1,080	2,140	2,128
Acquisitions		0
Goodwill impairment pre-tax	(903)	(1,060)
Effect of foreign currency translation	0	0
Effect of foreign currency translation and other			12
Reclassified to "Assets held-for-sale"		0
Goodwill balance, End of the year	177	1,080	2,140
International Businesses
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	130	144	165
Acquisitions		0
Goodwill impairment pre-tax	0	0
Effect of foreign currency translation	(15)	(14)
Effect of foreign currency translation and other			(21)
Reclassified to "Assets held-for-sale"		0
Goodwill balance, End of the year	115	130	144
Corporate and Other
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	26	483	456
Acquisitions		0
Goodwill impairment pre-tax	0	0
Effect of foreign currency translation	(1)	(2)
Effect of foreign currency translation and other			27
Reclassified to "Assets held-for-sale"		(455)
Goodwill balance, End of the year	25	26	483
Other
Goodwill [Roll Forward]
Goodwill balance, Beginning of the year	10	10	10
Acquisitions		0
Goodwill impairment pre-tax	0	0
Effect of foreign currency translation	0	0
Effect of foreign currency translation and other			0
Reclassified to "Assets held-for-sale"		0
Goodwill balance, End of the year	$ 10	$ 10	$ 10

Goodwill and Other Intangible_3

Goodwill and Other Intangibles (Other Intangibles) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Finite and Indefinite-Lived Intangible Assets [Line Items]
Not subject to amortization	$ 61	$ 68
Total	518	619
Reclassified of assets held-for-sale		39
Mortgage servicing rights
Finite and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	882	864
Accumulated Amortization	(569)	(543)
Net Carrying Amount	313	321
Customer relationships
Finite and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	202	308
Accumulated Amortization	(146)	(194)
Net Carrying Amount	56	114
Software and other
Finite and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	199	200
Accumulated Amortization	(111)	(84)
Net Carrying Amount	$ 88	$ 116

Goodwill and Other Intangible_4

Goodwill and Other Intangibles (Goodwill Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill impairment pre-tax	$ 903	$ 1,060
Assurance IQ
Goodwill [Line Items]
Goodwill impairment pre-tax	903	1,060
Goodwill impairment after tax	$ (713)	$ (837)	$ 0

Goodwill and Other Intangible_5

Goodwill and Other Intangibles (Other Intangibles Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite and Indefinite-Lived Intangible Assets [Line Items]
Amortization expense for other intangibles	$ 104	$ 110	$ 102
Mortgage servicing rights
Finite and Indefinite-Lived Intangible Assets [Line Items]
Net Carrying Amount	313	321
Mortgage servicing rights \| Fair Value
Finite and Indefinite-Lived Intangible Assets [Line Items]
Net Carrying Amount	$ 316	$ 324

Goodwill and Other Intangible_6

Goodwill and Other Intangibles (Future Amortization Expense) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated future amortization expense - 2023	$ 86
Estimated future amortization expense - 2024	80
Estimated future amortization expense - 2025	69
Estimated future amortization expense - 2026	45
Estimated future amortization expense - 2027	$ 41

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Leases with options to extend	20 years
Leases with options to terminate	3 years
Operating leases that have not yet commenced	$ 190
Operating lease costs	133	$ 153	$ 156
Short-term lease costs	80	96	104
Net investment income
Income and Expenses, Lessor [Abstract]
Lease Income	85	100	141
Other Income
Income and Expenses, Lessor [Abstract]
Lease Income	$ 12	$ 15	$ 20
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 year
Operating lease term not yet commenced	2 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	26 years
Operating lease term not yet commenced	15 years

Leases (Lessee Right-of-Use Ass

Leases (Lessee Right-of-Use Assets and Lease Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Right-of-use assets	$ 340	$ 395
Lease liabilities	$ 370	$ 432
Weighted average remaining lease term	5 years	6 years
Weighted average discount rate	2.42%	2.25%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 116
2024	105
2025	67
2026	34
2027	23
Thereafter	57
Total lease payments	402
Less imputed interest	(32)
Total	$ 370	$ 432

Policyholders' Liabilities (Fut

Policyholders' Liabilities (Future Policy Benefits) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Life insurance	$ 179,677	$ 188,777
Individual and group annuities and supplementary contracts	83,154	77,779
Other contract liabilities	18,369	25,695
Reclassified to Liabilities held-for-sale	0	(4,662)
Subtotal future policy benefits excluding unpaid claims and claim settlement expenses	281,200	287,589
Unpaid claims and claim settlement expenses	3,252	3,195
Total future policy benefits	$ 284,452	$ 290,784

Policyholders' Liabilities (Nar

Policyholders' Liabilities (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policyholders’ account balances	$ 135,602	$ 122,633
FANIP maximum authorized amount	$ 2,000
Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Unpaid claims and claim settlement expenses interest rate	1.80%
Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Unpaid claims and claim settlement expenses interest rate	6.40%
Individual participating life insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Participating policies direct in force	2%	2%
Participating policies direct premiums	10%	10%	10%
Individual participating life insurance \| Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	2.50%
Individual participating life insurance \| Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	7.50%
Individual nonparticipating life insurance \| Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	(0.10%)
Individual nonparticipating life insurance \| Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	7.80%
Individual and group annuities and supplementary contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Percentage of reserves based on interest rates in excess of 8 Percent (less than)	1%
Individual and group annuities and supplementary contracts \| Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	(0.20%)
Individual and group annuities and supplementary contracts \| Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	12.10%
Other contract liabilities \| Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	0.80%
Other contract liabilities \| Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liabilities for future policy benefits, interest rate	6.50%
Funding agreements
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policyholders’ account balances	$ 7,705	$ 6,023
Interest-sensitive life contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policyholders’ account balances	$ 41,235	41,283
Interest-sensitive life contracts \| Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	0%
Interest-sensitive life contracts \| Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	6.30%
Other than interest-sensitive life contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Less than 1% of policyholders' account balances have interest crediting rates in excess of 8%	1%
Other than interest-sensitive life contracts \| Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	0%
Other than interest-sensitive life contracts \| Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	34.80%
Delaware Statutory Trust \| Funding agreements \| Prudential Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policyholders’ account balances	$ 5,064	4,959
Medium-term Notes, at amortized cost	2,968	3,117
Commercial Paper	$ 2,130	1,847
Delaware Statutory Trust \| Funding agreements \| Minimum \| Prudential Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	0%
Weighted average maturity of outstanding commercial paper, in days	3 months
Delaware Statutory Trust \| Funding agreements \| Maximum \| Prudential Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	3.50%
Weighted average maturity of outstanding commercial paper, in days	5 years
Medium-term notes \| Delaware Statutory Trust \| Funding agreements \| Prudential Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
FANIP maximum authorized amount	$ 15,000
Commercial Paper \| Delaware Statutory Trust \| Funding agreements \| Prudential Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
FANIP maximum authorized amount	$ 3,000
Federal Home Loan Bank of New York \| Funding agreements \| Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	1.925%
Federal Home Loan Bank of New York \| Funding agreements \| Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for policyholder contract deposits, interest rate	4.51%
Federal Home Loan Bank of New York \| Medium-term notes \| Funding agreements
Liability for Future Policy Benefit, by Product Segment [Line Items]
Funding agreement issued to FHLBNY	$ 2,628	$ 1,050

Policyholders' Liabilities (Pol

Policyholders' Liabilities (Policyholders' Account Balances) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	$ 135,602	$ 122,633
Held-for-sale
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	0	(39,914)
Individual annuities
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	53,733	52,230
Group annuities
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	2,002	30,400
Guaranteed investment contracts and guaranteed interest accounts
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	12,927	13,717
Funding agreements
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	7,705	6,023
Interest-sensitive life contracts
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	41,235	41,283
Dividend accumulation and other deposit type funds
Liability for Policyholders' Account Balance, by Product Segment [Line Items]
Policyholders’ account balances	$ 18,000	$ 18,894

Certain Long-Duration Contrac_3

Certain Long-Duration Contracts with Guarantees (Variable Annuity, Variable Life, Variable Universal Life and Universal Life Contracts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Annuity Contracts \| Return of net deposits \| In the Event of Death
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 79,780	$ 132,811
Net amount at risk	$ 1,010	$ 200
Average attained age of contractholders	70 years	69 years
Annuity Contracts \| Return of net deposits \| At Annuitization / Accumulation
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 13	$ 16
Net amount at risk	$ 0	$ 0
Average attained age of contractholders	76 years	76 years
Annuity Contracts \| Minimum return or contract value \| In the Event of Death
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 19,163	$ 30,527
Net amount at risk	$ 4,733	$ 2,055
Average attained age of contractholders	71 years	71 years
Annuity Contracts \| Minimum return or contract value \| At Annuitization / Accumulation
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 88,476	$ 147,924
Net amount at risk	$ 9,338	$ 3,509
Average attained age of contractholders	70 years	69 years
Average period remaining until earliest expected annuitization	18 days	2 months 12 days
Variable Life, Variable Universal Life and Universal Life Contracts \| In the Event of Death
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	$ 7,951	$ 9,844
General account value	19,714	19,789
Net amount at risk	$ 230,944	$ 223,587
Average attained age of contractholders	57 years	57 years

Certain Long-Duration Contrac_4

Certain Long-Duration Contracts With Guarantees (Separate Account Investment Options) (Details) - Annuity Contracts - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Separate Account Investment [Line Items]
Separate Account Investment Options	$ 93,588	$ 159,647
Equity funds
Fair Value, Separate Account Investment [Line Items]
Separate Account Investment Options	47,415	95,594
Bond funds
Fair Value, Separate Account Investment [Line Items]
Separate Account Investment Options	43,070	59,241
Money market funds
Fair Value, Separate Account Investment [Line Items]
Separate Account Investment Options	$ 3,103	$ 4,812

Certain Long-Duration Contrac_5

Certain Long-Duration Contracts with Guarantees (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Annuity Contracts \| Market Value Adjusted
Net Amount at Risk by Product and Guarantee [Line Items]
General Account Investment Option	$ 5,354	$ 7,159

Certain Long-Duration Contrac_6

Certain Long-Duration Contracts with Guarantees (Liabilities for Guarantee Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
GMDB \| Variable Life, Variable Universal Life and Universal Life Contracts
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning balance	$ 10,061	$ 9,509	$ 7,602
Incurred guarantee benefits	2,274	1,076	1,389
Liabilities for Guarantees on Long-Duration Contracts, Payment for Benefits	(201)	(189)	(126)
Change in unrealized investment gains and losses	(2,529)	(326)	721
Reclassified to "Liabilities held-for-sale"		0
Other	(9)	(9)	(77)
Ending balance	9,596	10,061	9,509
GMDB \| Annuity Contracts
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning balance	532	863	753
Incurred guarantee benefits	155	10	162
Liabilities for Guarantees on Long-Duration Contracts, Payment for Benefits	(95)	(70)	(89)
Change in unrealized investment gains and losses	(10)	(55)	38
Reclassified to "Liabilities held-for-sale"		(216)
Other	9	0	(1)
Ending balance	591	532	863
GMIB \| Annuity Contracts
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning balance	233	368	355
Incurred guarantee benefits	(14)	(24)	12
Liabilities for Guarantees on Long-Duration Contracts, Payment for Benefits	(1)	0	(4)
Change in unrealized investment gains and losses	(13)	(17)	(8)
Reclassified to "Liabilities held-for-sale"		(5)
Other	(27)	(89)	13
Ending balance	178	233	368
GMAB/GMWB/GMIWB \| Annuity Contracts
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning balance	9,068	18,881	12,831
Incurred guarantee benefits	(5,331)	(5,638)	6,103
Liabilities for Guarantees on Long-Duration Contracts, Payment for Benefits	0	0	0
Change in unrealized investment gains and losses	0	0	0
Reclassified to "Liabilities held-for-sale"		(4,163)
Other	1,009	(12)	(53)
Ending balance	$ 4,746	$ 9,068	$ 18,881

Certain Long-Duration Contrac_7

Certain Long-Duration Contracts with Guarantees (Sales Inducements) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Movement in Deferred Sales Inducements [Roll Forward]
Beginning balance	$ 474	$ 820	$ 935
Capitalization	1	1	1
Amortization—Impact of assumption and experience unlocking and true-ups	(87)	40	104
Amortization—All other	(92)	(166)	(166)
Change in unrealized investment gains and losses	21	76	(54)
Reclassified to "Liabilities held-for-sale"		(295)
Other	49	(2)
Ending balance	$ 366	$ 474	$ 820

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) $ in Millions				12 Months Ended
Reinsurance (Narrative) (Details) $ in Millions	Apr. 01, 2022	Apr. 01, 2015	Jan. 02, 2013 USD ($) policy	Dec. 31, 2020 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2022 company
Effects of Reinsurance [Line Items]
Number of major reinsurance companies \| company								4
Reinsurance recoverable percentage of the major reinsurance companies								64%
Domestic Business, per Life
Effects of Reinsurance [Line Items]
Reinsurance, retention policy, amount retained per life				$ 10		$ 20	$ 30
Hartford Life Business
Effects of Reinsurance [Line Items]
Reinsurance retention policy, amount retained per event			$ 141,000
Business acquisition number of life insurance policies acquired reinsurance \| policy			700,000
Quote Share Reinsurance \| Union Hamilton
Effects of Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage		50%
Reinsurance retention policy, amount retained per event					$ 2,900
Separate account liabilities under MODCO \| Great- West and Great-West of NY
Effects of Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage	100%
General account liabilities under coinsurance for Full Service \| Great- West and Great-West of NY
Effects of Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage	100%

Reinsurance (Reinsurance Amount

Reinsurance (Reinsurance Amounts Included in the Consolidated Statements of Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reinsurance Disclosures [Abstract]
Direct premiums	$ 36,193	$ 31,623	$ 29,091
Reinsurance assumed	4,129	5,581	4,336
Reinsurance ceded	(2,303)	(2,377)	(2,287)
Premiums	38,019	34,827	31,140
Direct policy charges and fee income	4,875	5,261	5,341
Reinsurance assumed	1,247	1,204	1,192
Reinsurance ceded	(548)	(521)	(504)
Policy charges and fee income	5,574	5,944	6,029
Direct policyholders’ benefits	41,148	34,861	32,514
Reinsurance assumed	5,913	7,024	5,659
Reinsurance ceded	(3,574)	(3,427)	(3,114)
Policyholders’ benefits	$ 43,487	$ 38,458	$ 35,059

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverables) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 8,883	$ 7,351
Reinsurance recoverables net of loss allowance	(15)	(10)
Held-for-sale
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	30
Individual and group annuities
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,074	185
Life insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	6,422	6,770
Other reinsurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	387	396
Hartford Life Business \| Life insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,943	2,178
Reinsurance payables	1,188	1,341
FLIAC \| Individual and group annuities
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,986
Union Hamilton \| Individual and group annuities
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 24	$ 110

Closed Block (Narrative) (Detai

Closed Block (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Closed Block (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2022	Jan. 01, 2021
Policyholders’ dividend obligation	$ 0	$ 8,027		$ 8,027	$ 8,787
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,776)	9,381	$ (323)
Restatement Adjustment
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
Restatement Adjustment \| Individual Life
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
Dividend Declared
Increase (decrease) in liability	30	(68)	$ (147)
Excess Of Actual Cumulative Earnings Over Expected Cumulative Earnings
Policyholders’ dividend obligation	3,207	4,387
Net unrealized gains (losses) on all other investments
Policyholders’ dividend obligation	$ 0	$ 3,640

Closed Block (Closed Block Liab

Closed Block (Closed Block Liabilities and Assets Designated to Closed Block; Maximum Future Earnings to be Recognized) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2021	Jan. 01, 2021
Closed Block liabilities
Future policy benefits	$ 44,433		$ 45,596
Policyholders’ dividends payable	617		616
Policyholders’ dividend obligation	0	$ 8,027	8,027	$ 8,787
Policyholders’ account balances	4,607		4,737
Other Closed Block liabilities	3,495		3,107
Total Closed Block liabilities	53,152		62,083
Closed Block assets
Fixed maturities, available-for-sale, at fair value	29,898		38,160
Fixed maturities, trading, at fair value	900		1,137
Equity securities, at fair value	1,733		2,288
Commercial mortgage and other loans	7,926		8,241
Policy loans	3,637		3,815
Other invested assets	4,254		4,358
Short-term investments	337		557
Total investments	48,685		58,556
Cash and cash equivalents	1,307		451
Accrued investment income	402		392
Other Closed Block assets	162		137
Total Closed Block assets	50,556		59,536
Excess of reported Closed Block liabilities over Closed Block assets	2,596		2,547
Portion of above representing accumulated other comprehensive income (loss):
Net unrealized investment gains (losses)	(3,458)		3,535
Allocated to policyholder dividend obligation	3,207		(3,640)
Future earnings to be recognized from Closed Block assets and Closed Block liabilities	$ 2,345		$ 2,442

Closed Block (Information Regar

Closed Block (Information Regarding Policyholder Dividend Obligation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movement in Closed Block Dividend Obligation [Roll Forward]
Impact from earnings allocable to policyholder dividend obligation	$ (1,180)	$ 1,468
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	(6,847)	(2,228)
Balance, December 31	$ 0	$ 8,027

Closed Block (Closed Block Reve

Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Premiums	$ 1,698	$ 1,789	$ 1,981
Net investment income	1,980	2,514	2,255
Realized investment gains (losses), net	(270)	807	182
Other income (loss)	(447)	880	362
Total Closed Block revenues	2,961	5,990	4,780
Benefits and Expenses
Policyholders’ benefits	2,436	2,557	2,758
Interest credited to policyholders’ account balances	121	124	127
Dividends to policyholders	115	2,794	1,549
General and administrative expenses	302	312	327
Total Closed Block benefits and expenses	2,974	5,787	4,761
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes	(13)	203	19
Income tax expense (benefit)	(105)	123	(43)
Closed Block revenues, net of Closed Block benefits and expenses and income taxes	$ 92	$ 80	$ 62

Income Taxes (Components of Inc

Income Taxes (Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current tax expense (benefit):
U.S.	$ 214	$ 1,094	$ (571)
State and local	15	24	11
Foreign	480	770	848
Total current tax expense (benefit)	709	1,888	288
Deferred tax expense (benefit):
U.S.	(680)	16	(362)
State and local	1	(1)	1
Foreign	(400)	(229)	(8)
Total deferred tax expense (benefit)	(1,079)	(214)	(369)
Total income tax expense (benefit) on income (loss) before equity in earnings of operating joint ventures	(370)	1,674	(81)
Income tax expense (benefit) on equity in earnings of operating joint ventures	25	33	47
Income tax expense (benefit) on discontinued operations	0	0	0
Income tax expense (benefit) reported in equity related to:
Other comprehensive income (loss)	(12,063)	(2,314)	1,252
Total income taxes	$ (12,408)	$ (607)	$ 1,218

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Change in Accounting Estimate [Line Items]
Total income tax expense (benefit)	$ (370)	$ 1,674	$ (81)
Effective tax rate	20.80%	17.80%	25.10%
U.S. federal income tax rate	21%				35%
Net Operating Loss Carryback			$ 149		$ 51
U.S. federal income tax rate	21%				35%
DRD constituting non-taxable investment income	$ 77	$ 115	109
Non-taxable investment income	$ 86	292	228
Percent of income tax expense (benefit)	5%
Income (loss) from domestic operations	$ (1,609)	7,575	(3,226)
Income (loss) from foreign operations	(167)	1,806	2,903
Korea and Taiwan insurance operations
Change in Accounting Estimate [Line Items]
Total income tax expense (benefit)			132
Brazil Full Inclusion
Change in Accounting Estimate [Line Items]
Tax adjustment impact	$ 31	$ (18)	$ 19
Japan Statutory Tax Rate
Change in Accounting Estimate [Line Items]
Effective tax rate	28%
Brazil Statutory Tax Rate
Change in Accounting Estimate [Line Items]
Effective tax rate	40%			45%

Income Taxes (Reconciliation To

Income Taxes (Reconciliation To Effective Rate) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Expected federal income tax expense (benefit)	$ (373)	$ 1,970	$ (68)
Non-taxable investment income	(86)	(292)	(228)
Foreign taxes at other than U.S. rate	11	149	250
Low-income housing and other tax credits	(128)	(126)	(112)
Changes in tax law	(11)	10	(192)
Effective Income Tax Rate Reconciliation, GILTI, Amount	101	(1)	(2)
Sale of subsidiary	84	(26)	277
Non-controlling interest	5	(14)	(48)
Non-deductible expenses	21	11	14
Change in valuation allowance	16	13	17
State taxes	13	18	10
Other	(23)	(38)	1
Total income tax expense (benefit) on income (loss) before equity in earnings of operating joint ventures	$ (370)	$ 1,674	$ (81)
Effective tax rate	20.80%	17.80%	25.10%
U.S. federal income tax rate	21%			35%

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Insurance reserves	$ 0	$ 296
Deferred Tax Asset, Debt Securities, Trading, Unrealized Loss	5,903	0
Policyholders’ dividends	59	1,741
Net operating and capital loss carryforwards	186	260
Employee benefits	329	617
Investments	2,485	398
Goodwill and other intangibles	351	149
Deferred tax assets before valuation allowance	9,313	3,461
Valuation allowance	(159)	(147)	$ (143)	$ (136)
Deferred tax assets after valuation allowance	9,154	3,314
Deferred tax liabilities:
Insurance reserves	1,465	0
Net unrealized investment gains	0	9,456
Deferred policy acquisition costs	3,430	3,307
Value of business acquired	181	261
Other	633	116
Deferred tax liabilities	5,709	13,140
Net deferred tax asset	$ 3,445
Net deferred tax liability		$ 9,826

Income Taxes (Valuation Allowan

Income Taxes (Valuation Allowance on Deferred Tax Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	$ 147	$ 143	$ 136
Charged to costs and expenses	28	6	22
Other adjustments	(16)	(2)	(15)
Balance, ending of year	159	147	143
Federal
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	20	15	3
Charged to costs and expenses	2	5	12
Other adjustments	0	0	0
Balance, ending of year	22	20	15
State
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	107	116	127
Charged to costs and expenses	16	(8)	5
Other adjustments	(14)	(1)	(16)
Balance, ending of year	109	107	116
Foreign Operations
Valuation Allowance, Deferred Tax Asset [Roll Forward]
Balance, beginning of year	20	12	6
Charged to costs and expenses	10	9	5
Other adjustments	(2)	(1)	1
Balance, ending of year	$ 28	$ 20	$ 12

Income Taxes (Operating and Cap

Income Taxes (Operating and Capital Loss Carryforwards) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 0	$ 327
State and local
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	1,781	1,895
Foreign operations
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	295	268
Foreign operations \| Operating loss expiring between 2022 and 2036
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	23
Foreign operations \| Operating loss unlimited carryforward
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	272
Federal foreign
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	15	12
General business credits
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	$ 0	$ 0

Income Taxes (Undistributed Ear

Income Taxes (Undistributed Earnings) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Undistributed earnings of foreign subsidiaries	$ 238	$ 209	$ 176

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Amount	$ 12	$ 17	$ 18
Increases in unrecognized tax benefits—prior years	81	4	0
(Decreases) in unrecognized tax benefits—prior years	(1)	(9)	(1)
Increases in unrecognized tax benefits—current year	0	0	0
(Decreases) in unrecognized tax benefits—current year	(8)	0	0
Settlements with taxing authorities	0	0	0
Amount	84	12	17
Unrecognized tax benefits that, if recognized, would favorably impact the effective rate	$ 84	$ 12	$ 0

Income Taxes (Amounts Recognize

Income Taxes (Amounts Recognized for Tax Related Interest and Penalties) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Interest and penalties recognized in the Consolidated Statements of Operations	$ 8	$ 4	$ 1
Interest and penalties recognized in liabilities in the Consolidated Statements of Financial Position	$ 15	$ 7

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Short-Term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Short Term Debt [Line Items]
Short-term debt	$ 775	$ 722
Less: assets under set-off arrangements	$ 11,790	$ 10,191
Weighted average interest rate on outstanding short-term debt	4.69%	0.08%
Surplus notes subject to set-off arrangements
Short Term Debt [Line Items]
Short-term Debt	$ 500	$ 500
Commercial paper
Short Term Debt [Line Items]
Weighted average maturity of outstanding commercial paper, in days	98 days	16 days
Short-term Debt	$ 438	$ 420
Senior notes
Short Term Debt [Line Items]
Short-term Debt	173	0
Current portion of long-term debt
Short Term Debt [Line Items]
Short-term Debt	828	697
Short-term Debt
Short Term Debt [Line Items]
Less: assets under set-off arrangements	500	500
Short-term Debt	1,275	1,222
Borrowings due overnight \| Commercial paper
Short Term Debt [Line Items]
Short-term debt	130	150
Daily average outstanding \| Commercial paper
Short Term Debt [Line Items]
Short-term debt	1,312	1,414
Prudential Financial
Short Term Debt [Line Items]
Short-term debt	25	25
Prudential Financial \| Commercial paper
Short Term Debt [Line Items]
Short-term debt	$ 25	$ 25
Weighted average interest rate on outstanding short-term debt	4.35%	0.12%
Short-term Debt	$ 25	$ 25
Prudential Financial \| Current portion of long-term debt
Short Term Debt [Line Items]
Short-term debt	0	0
Prudential Funding, LLC \| Commercial paper
Short Term Debt [Line Items]
Short-term Debt	413	395
Mortgages
Short Term Debt [Line Items]
Short-term Debt	155	197
Line of Credit
Short Term Debt [Line Items]
Short-term debt	9
Other Short-term Borrowings	$ 9	$ 105

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Narrative) (Details) $ in Thousands, ¥ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2013 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 JPY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 JPY (¥)	May 15, 2020 USD ($) Rate
Debt Instrument [Line Items]
Long-term debt		$ 19,908,000		$ 18,622,000
Interest expense		1,596,000		1,478,000	$ 1,560,000
Capacity		2,000,000
Assets Under Set Off Arrangements		11,790,000		10,191,000
Prudential Financial
Debt Instrument [Line Items]
Long-term debt		19,162,000		17,673,000
Interest expense		1,161,000		1,088,000	1,157,000
Outstanding amount of notes		19,162,000		17,673,000
Minimum statutory consolidated net worth		$ 23,500,000
Prudential Insurance \| Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Purchase requirement activity-based stock of the outstanding borrowings		4.50%				4.50%
Debt Instrument, Term Upon Certain Events		90 days	90 days
Other long-term investments		$ 148,700		$ 80,500
Pledge collateral of prior year-end statutory net admitted assets		5%				5%
Maximum amount of pledged asset		$ 8,200,000
Debt Instrument, Unused Borrowing Capacity, Amount		7,000,000
Prudential Financial and Prudential Funding
Debt Instrument [Line Items]
Capacity		$ 4,000,000
Line of Credit Facility, Expiration Period		5 years	5 years
Proceeds from Lines of Credit		$ 0
Prudential Holdings of Japan
Debt Instrument [Line Items]
Capacity \| ¥						¥ 100,000
Line of Credit Facility, Expiration Period		5 years	5 years
Proceeds from Lines of Credit \| ¥			¥ 0
Other Subsidiaries
Debt Instrument [Line Items]
Capacity		$ 140,000
PLIC
Debt Instrument [Line Items]
Future Debt Instrument Authorized		$ 4,000,000
Minimum \| Prudential Insurance \| Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.925%				1.925%
Maximum \| Prudential Insurance \| Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		4.51%				4.51%
Commercial paper \| Prudential Financial
Debt Instrument [Line Items]
Debt Instrument Authorized		$ 3,000,000
Commercial paper \| Prudential Funding, LLC
Debt Instrument [Line Items]
Debt Instrument Authorized		7,000,000
Real estate separate accounts \| Other Subsidiaries
Debt Instrument [Line Items]
Capacity		125,000
Proceeds from Lines of Credit		$ 34,000
Put Option \| Prudential Financial
Debt Instrument [Line Items]
Term of contract	10 years
Debt Instrument, Interest Rate		1.777%				1.777%
Derivative, Time To Cure	30 days
Minimum Equity Less AOCI For Automatic Exercise		$ 7,000,000
Minimum Equity Less AOCI for Automatic Exercise		$ 9,000,000
Private Placement \| Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,500,000						$ 1,500,000
Debt Instrument, Interest Rate, Stated Percentage	4.419%						2.85%
Debt Instrument, Interest Rate \| Rate							2.175%
Senior notes
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time		4.42%		4.39%		4.42%
Asset-backed securities
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500,000
Derivative Financial Instruments, Liabilities
Debt Instrument [Line Items]
Interest expense		1,000		$ 2,000	2,000
Current And Long Term Debt
Debt Instrument [Line Items]
Interest Expense, Debt		1,562,000		1,474,000	1,575,000
Junior subordinated debt \| Prudential Financial
Debt Instrument [Line Items]
Long-term debt		$ 9,047,000		7,564,000
Junior subordinated debt \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Deferral Period		5 years	5 years
Junior subordinated debt \| Minimum \| Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.70%				3.70%
Junior subordinated debt \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Deferral Period		10 years	10 years
Junior subordinated debt \| Maximum \| Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6%				6%
Limited Recourse Note
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500,000
Long-term Debt \| Prudential Insurance \| Federal Home Loan Bank of New York
Debt Instrument [Line Items]
Debt Issuance Costs, Net		2,500,000
Retail Medium Term Note
Debt Instrument [Line Items]
Outstanding amount of notes		264,000		269,000
Derivatives \| Prudential Financial
Debt Instrument [Line Items]
Interest expense		0		0	$ 400
Fixed rate \| Senior notes \| Prudential Financial
Debt Instrument [Line Items]
Long-term debt		$ 10,115,000		10,109,000
Fixed rate \| Senior notes \| Minimum \| Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.50%				1.50%
Fixed rate \| Senior notes \| Maximum \| Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.63%				6.63%
Floating rate debt \| Subordinated Debt \| Prudential Financial
Debt Instrument [Line Items]
Long-term debt		$ 345,000
Subordinated Debt \| Fixed rate
Debt Instrument [Line Items]
Outstanding amount of notes		$ 345,000		344,000
Subordinated Debt \| Fixed rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		8.30%				8.30%
Senior notes \| Private Placement \| Prudential Financial
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 1,500,000
Senior notes \| Investment Real Estate \| Mortgages
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 29,000
Long-term Debt		208,000		274,000
Increase (decrease) in debt		(66,000)
Repayments of Senior Debt		92,000
Foreign Currency Translation Adjustmnet, Debt		3,000
Senior notes \| Fixed rate
Debt Instrument [Line Items]
Outstanding amount of notes		$ 10,115,000		$ 10,282,000
Senior notes \| Fixed rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.50%				1.50%
Senior notes \| Fixed rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.63%				6.63%

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Credit Facilities) (Details) - 12 months ended Dec. 31, 2022 ¥ in Millions, $ in Millions	USD ($)	JPY (¥)	JPY (¥)
CreditFacility [Line Items]
Capacity	$ 2,000
Prudential Financial and Prudential Funding
CreditFacility [Line Items]
Original Term	5 years	5 years
Capacity	$ 4,000
Amount Outstanding	$ 0
Prudential Holdings of Japan
CreditFacility [Line Items]
Original Term	5 years	5 years
Capacity \| ¥			¥ 100,000
Amount Outstanding \| ¥		¥ 0

Short-Term and Long-Term Debt_5

Short-Term and Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Less: assets under set-off arrangements	$ 11,790	$ 10,191
Total long-term debt	19,908	18,622
Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Long-term debt	12,290	10,691
Surplus notes subject to set-off arrangements \| Regulation XXX \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Long-term debt	1,600	1,600
Surplus notes subject to set-off arrangements \| Guideline AXXX \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Long-term debt	3,500	3,500
Surplus notes \| Regulation XXX \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Long-term debt	2,330	2,330
Retail Medium Term Note
Debt Instrument [Line Items]
Long-term debt	264	269
Surplus notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	345	344
Surplus notes subject to set-off arrangements \| Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	9,460	7,861
Surplus notes subject to set-off arrangements \| Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	2,330	2,330
Senior notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	10,115	10,282
Mortgages \| Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	25	24
Mortgages \| Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	29	54
Mortgages \| Debt denominated in foreign currency \| Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	29	29
Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	9,094	7,618
Subtotal
Debt Instrument [Line Items]
Long-term debt	31,698	28,813
Line of Credit \| Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	300	300
Total Prudential Financial, Inc. Equity \| Floating Rate Debt Surplus Notes Subject To Set Off Arrangement \| Regulation XXX \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Less: assets under set-off arrangements	300
Prudential Financial
Debt Instrument [Line Items]
Long-term debt	19,162	17,673
Total long-term debt	19,162	17,673
Prudential Financial \| Surplus notes \| Floating-rate notes:
Debt Instrument [Line Items]
Total long-term debt	345
Prudential Financial \| Senior notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Total long-term debt	10,115	$ 10,109
Prudential Financial \| Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	9,047
Subsidiaries \| Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	$ 47
Minimum \| Surplus notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	8.30%
Minimum \| Surplus notes subject to set-off arrangements \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	2.23%
Minimum \| Surplus notes subject to set-off arrangements \| Floating-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.59%
Minimum \| Senior notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.50%
Minimum \| Mortgages \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	3.85%
Minimum \| Mortgages \| Floating-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.01%
Minimum \| Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	1.55%
Minimum \| Line of Credit \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.35%
Minimum \| Prudential Financial \| Senior notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.50%
Maximum \| Surplus notes subject to set-off arrangements \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	5.26%
Maximum \| Surplus notes subject to set-off arrangements \| Floating-rate notes:
Debt Instrument [Line Items]
Interest Rate	5.14%
Maximum \| Senior notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	6.63%
Maximum \| Mortgages \| Floating-rate notes:
Debt Instrument [Line Items]
Interest Rate	1.04%
Maximum \| Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	6%
Maximum \| Line of Credit \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	5.77%
Maximum \| Prudential Financial \| Senior notes \| Fixed-rate notes:
Debt Instrument [Line Items]
Interest Rate	6.63%

Short-Term and Long-Term Debt_6

Short-Term and Long-Term Debt (Contractual Maturities for Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2024	$ 0
2025	646
2026	500
2027	25
2028 and thereafter	18,737
Long-term debt	$ 19,908	$ 18,622

Short-Term and Long-Term Debt_7

Short-Term and Long-Term Debt (Senior Notes and Mortgage Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Medium-term Notes
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	$ 8,548	$ 8,544
Medium-term Notes \| Senior notes
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	10,496	10,556
Senior notes
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	1,476	1,469
Short-term Debt	173	0
Retail Medium Term Note
Debt Instrument [Line Items]
Outstanding amount of notes	264	269
Mortgages \| Investment Real Estate \| Senior notes
Debt Instrument [Line Items]
Long-term Debt	208	$ 274
Short-term Debt	$ 154

Short-Term and Long-Term Debt_8

Short-Term and Long-Term Debt (Surplus Notes with Set-Off Arrangements) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Jun. 11, 2020
Debt Instrument [Line Items]
Capacity	$ 2,000
Assets Under Set Off Arrangements	11,790	$ 10,191
Prudential Arizona Reinsurance Universal Company
Debt Instrument [Line Items]
Future Debt Instrument Authorized			$ 2,700
PLIC
Debt Instrument [Line Items]
Future Debt Instrument Authorized	4,000
Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Outstanding amount of notes	12,290	10,691
Future Debt Instrument Authorized	17,950
Floating Rate Debt Surplus Notes Subject To Set Off Arrangement \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	300	100
Floating Rate Debt Surplus Notes Subject To Set Off Arrangement \| Prudential Arizona Reinsurance Universal Company
Debt Instrument [Line Items]
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	2,100	775
Regulation XXX \| Surplus notes \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Outstanding amount of notes	2,330	2,330
Capacity	2,400
Regulation XXX \| Surplus notes subject to set-off arrangements \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Debt Instrument Authorized	1,750
Outstanding amount of notes	1,600	1,600
Regulation XXX \| Floating Rate Debt Surplus Notes Subject To Set Off Arrangement \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Debt Instrument Authorized	1,600
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	920	920
Regulation XXX \| Floating Rate Debt Surplus Notes Subject To Set Off Arrangement \| Captive Reinsurance Subsidiary \| Total Prudential Financial, Inc. Equity
Debt Instrument [Line Items]
Assets Under Set Off Arrangements	300
Guideline AXXX \| Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Future Debt Instrument Authorized	4,500
Guideline AXXX \| Surplus notes subject to set-off arrangements \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Outstanding amount of notes	3,500	3,500
Future Debt Instrument Authorized	3,500
Guideline AXXX \| Floating Rate Debt Surplus Notes Subject To Set Off Arrangement \| Captive Reinsurance Subsidiary
Debt Instrument [Line Items]
Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock	$ 1,540	$ 1,466

Short-Term and Long-Term Debt_9

Short-Term and Long-Term Debt (Schedule of Junior Subordinated Notes) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Junior Subordinated Institutional Notes November 2012
Debt Instrument [Line Items]
Principal Amount	$ 1,500
Interest Rate	5.63%
Interest Rate Subsequent to Optional Redemption Date	3.92%
Junior Subordinated Retail Notes March 2013
Debt Instrument [Line Items]
Principal Amount	$ 500
Interest Rate	5.20%
Interest Rate Subsequent to Optional Redemption Date	3.04%
Junior Subordinated Retail Notes May 2015
Debt Instrument [Line Items]
Principal Amount	$ 1,000
Interest Rate	5.38%
Interest Rate Subsequent to Optional Redemption Date	3.03%
Junior Subordinated Institutional Notes September 2017
Debt Instrument [Line Items]
Principal Amount	$ 750
Interest Rate	4.50%
Interest Rate Subsequent to Optional Redemption Date	2.38%
Junior Subordinated Institutional Notes August 2018
Debt Instrument [Line Items]
Principal Amount	$ 565
Interest Rate	5.63%
Junior Subordinated Institutional Notes September 2018
Debt Instrument [Line Items]
Principal Amount	$ 1,000
Interest Rate	5.70%
Interest Rate Subsequent to Optional Redemption Date	2.67%
Junior Subordinated Retail Notes August 2020 4.13%
Debt Instrument [Line Items]
Principal Amount	$ 500
Interest Rate	4.13%
Junior Subordinated Institutional Notes August 2020 3.70% [Member]
Debt Instrument [Line Items]
Principal Amount	$ 800
Interest Rate	3.70%
Interest Rate Subsequent to Optional Redemption Date	3.04%
Junior Subordinated Institutional Notes February 2022
Debt Instrument [Line Items]
Principal Amount	$ 1,000
Interest Rate	5.13%
Interest Rate Subsequent to Optional Redemption Date	3.16%
Junior Subordinated Institutional Notes August 2022 6.00%
Debt Instrument [Line Items]
Principal Amount	$ 1,200
Interest Rate	6%
Interest Rate Subsequent to Optional Redemption Date	3.23%
Junior Subordinated Institutional Notes August 2022 5.95%
Debt Instrument [Line Items]
Principal Amount	$ 300
Interest Rate	5.95%

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Qualified Pension Plan	78%
Pension Benefit Percent Allocation Traditional	68%
Pension Benefit Percent Allocation Cash Balance	32%
Percentage of annual salary Contributed by the Company for employees (401(k) plans)	4%
General And Administrative Expense
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost	$ 77	$ 80	$ 82
Other liabilities
Defined Benefit Plan Disclosure [Line Items]
Net accumulated liability for non-retiree postemployment benefits provided to former or inactive employee	30	34
Rabbi Trust
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	1,026	1,327
Fair value of plan assets	983	1,109
Rabbi Trust \| Discontinued Operations
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	58	73
Fair value of plan assets	80	102
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	11,099	14,787	15,483
Fair value of plan assets	$ 12,519	$ 15,242	$ 14,897
Bond Yield rate used in determining Discount rate	5.45%	2.85%	2.55%	3.30%
Expected long-term rate of return on plan assets	7.50%	6%	5.75%	6%
Defined Benefit Plans Estimated Future Employer Contributions in Next Fiscal Year	$ 185
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	1,348	$ 1,793	$ 2,040
Fair value of plan assets	$ 1,191	$ 1,621	$ 1,589
Bond Yield rate used in determining Discount rate	5.55%	2.75%	2.40%	3.25%
Expected long-term rate of return on plan assets	7.75%	7%	6.75%	6.75%
Defined Benefit Plans Estimated Future Employer Contributions in Next Fiscal Year	$ 10
Maximum
Defined Benefit Plan Disclosure [Line Items]
Bond Yield rate used in determining Discount rate	90%
Maximum \| Postretirement
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age	55 years
Deferred Compensation Arrangement with Individual, Requisite Service Period	20 years
Minimum
Defined Benefit Plan Disclosure [Line Items]
Bond Yield rate used in determining Discount rate	10%
Minimum \| Postretirement
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age	50 years
Deferred Compensation Arrangement with Individual, Requisite Service Period	10 years
Foreign plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Weighted Average Asset Allocations	3%	4%
Foreign plans \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Pension benefits for foreign plans percentage of the ending benefit obligation	12%	12%

Employee Benefit Plans (Status

Employee Benefit Plans (Status of Prepaid Benefits Costs and Accrued Benefit Liabilities Included in Other Assets and Other Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Benefits
Change in benefit obligation
Benefit obligation at the beginning of period	$ (14,787)	$ (15,483)
Service cost	(276)	(328)	$ (321)
Interest cost	(431)	(364)	(429)
Plan participants’ contributions	0	0
Medicare Part D subsidy receipts	0	0
Amendments	(1)	0
Curtailments	47	0
Actuarial gains (losses), net	3,242	310
Settlements	35	24
Special termination benefits	(4)	(1)
Benefits paid	855	868
Acquisition/Divestiture	0	13
Foreign currency changes and other	221	174
Benefit obligation at end of period	(11,099)	(14,787)	(15,483)
Change in plan assets
Plan assets at beginning of period	15,242	14,897
Actual return on plan assets	(1,945)	1,059
Employer contributions	176	205
Plan participants’ contributions	0	0
Disbursement for settlements	(35)	(24)
Benefits paid	(855)	(868)
Acquisition/Divestiture	0	(5)
Foreign currency changes and other	(64)	(22)
Plan assets at end of period	12,519	15,242	14,897
Funded status at end of period	1,420	455
Amounts recognized in the Statements of Financial Position
Prepaid benefit cost	3,622	3,272
Accrued benefit liability	(2,202)	(2,817)
Net amount recognized	1,420	455
Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost:
Prior service cost	(2)	(5)
Net actuarial loss	2,466	3,131
Net amount not recognized	2,464	3,126
Accumulated benefit obligation	(10,661)	(13,969)
Other Postretirement Benefits
Change in benefit obligation
Benefit obligation at the beginning of period	(1,793)	(2,040)
Service cost	(13)	(27)	(24)
Interest cost	(56)	(49)	(64)
Plan participants’ contributions	(27)	(23)
Medicare Part D subsidy receipts	(6)	(5)
Amendments	0	121
Curtailments	1	0
Actuarial gains (losses), net	364	55
Settlements	0	0
Special termination benefits	(4)	0
Benefits paid	185	173
Acquisition/Divestiture	0	0
Foreign currency changes and other	1	2
Benefit obligation at end of period	(1,348)	(1,793)	(2,040)
Change in plan assets
Plan assets at beginning of period	1,621	1,589
Actual return on plan assets	(282)	174
Employer contributions	10	8
Plan participants’ contributions	27	23
Disbursement for settlements	0	0
Benefits paid	(185)	(173)
Acquisition/Divestiture	0	0
Foreign currency changes and other	0	0
Plan assets at end of period	1,191	1,621	$ 1,589
Funded status at end of period	(157)	(172)
Amounts recognized in the Statements of Financial Position
Prepaid benefit cost	0	0
Accrued benefit liability	(157)	(172)
Net amount recognized	(157)	(172)
Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost:
Prior service cost	(54)	(69)
Net actuarial loss	222	211
Net amount not recognized	168	142
Accumulated benefit obligation	$ (1,348)	$ (1,793)

Employee Benefit Plans (Informa

Employee Benefit Plans (Information for Pension Plans with a Projected and Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Pension Plan with Project Benefit Obligation in Excess of Plan Assets [Abstract]
Projected benefit obligation	$ 2,202	$ 2,817
Fair value of plan assets	0	0
Information On Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract]
Accumulated benefit obligation	2,072	2,620
Fair value of plan assets	$ 0	$ 0

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost Included in General and Administrative Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 276	$ 328	$ 321
Interest cost	431	364	429
Expected return on plan assets	(866)	(824)	(804)
Amortization of prior service cost	(1)	(3)	(4)
Amortization of actuarial (gain) loss, net	160	245	262
Settlements	2	5	9
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	0	1	0
Special termination benefits	4	1	7
Net periodic (benefit) cost	6	117	220
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	13	27	24
Interest cost	56	49	64
Expected return on plan assets	(102)	(102)	(100)
Amortization of prior service cost	(8)	6	6
Amortization of actuarial (gain) loss, net	6	16	16
Settlements	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	(7)	0	0
Special termination benefits	4	0	0
Net periodic (benefit) cost	$ (38)	$ (4)	$ 10

Employee Benefit Plans (Amounts

Employee Benefit Plans (Amounts Recorded in Accumulated Other Comprehensive Income not yet Recognized) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Benefits
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	$ 3,126
Amortization for the period	160	$ 245	$ 262
Deferrals for the period	3,242	310
Impact of foreign currency changes and other	(221)	(174)
Balance, end of period	2,464	3,126
Pension Benefits \| Prior Service Cost
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	(5)	(10)	(12)
Amortization for the period	1	3	4
Deferrals for the period	1	0	0
Impact of foreign currency changes and other	1	2	(2)
Balance, end of period	(2)	(5)	(10)
Pension Benefits \| Net Actuarial (Gain) Loss
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	3,131	3,972	4,191
Amortization for the period	(160)	(245)	(262)
Deferrals for the period	(431)	(545)	42
Impact of foreign currency changes and other	(74)	(51)	1
Balance, end of period	2,466	3,131	3,972
Other Postretirement Benefits
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	142
Amortization for the period	6	16	16
Deferrals for the period	364	55
Impact of foreign currency changes and other	(1)	(2)
Balance, end of period	168	142
Other Postretirement Benefits \| Prior Service Cost
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	(69)	59	65
Amortization for the period	8	(6)	(6)
Deferrals for the period	0	(121)	0
Impact of foreign currency changes and other	7	(1)	0
Balance, end of period	(54)	(69)	59
Other Postretirement Benefits \| Net Actuarial (Gain) Loss
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	211	354	341
Amortization for the period	(6)	(16)	(16)
Deferrals for the period	20	(127)	30
Impact of foreign currency changes and other	(3)	0	(1)
Balance, end of period	$ 222	$ 211	$ 354

Employee Benefit Plans (Assumpt

Employee Benefit Plans (Assumptions Related to Calculation of Domestic Benefit Obligation (End of Period) and Determination of Net Periodic (Benefit) Cost (Beginning of Period)) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.45%	2.85%	2.55%	3.30%
Rate of increase in compensation levels	4.50%	4.50%	4.50%	4.50%
Expected return on plan assets	7.50%	6%	5.75%	6%
Interest Crediting Rate	4.25%	4.25%	4.25%	4.30%
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.55%	2.75%	2.40%	3.25%
Expected return on plan assets	7.75%	7%	6.75%	6.75%
Health care cost trend rates	6.50%	6%	6.25%	6.25%
Ultimate health care cost trend rate	4.75%	4.50%	4.50%	4.50%

Employee Benefit Plans (Asset A

Employee Benefit Plans (Asset Allocation Targets Reflecting a Percentage of Total Assets by Asset Class) (Details)	Dec. 31, 2022
Minimum \| Pension Benefits \| U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	3%
Minimum \| Pension Benefits \| International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	3%
Minimum \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	45%
Minimum \| Pension Benefits \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum \| Pension Benefits \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	3%
Minimum \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	5%
Minimum \| Postretirement \| U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	37%
Minimum \| Postretirement \| International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	2%
Minimum \| Postretirement \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	9%
Minimum \| Postretirement \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum \| Postretirement \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Minimum \| Postretirement \| Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Maximum \| Pension Benefits \| U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	7%
Maximum \| Pension Benefits \| International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	9%
Maximum \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	61%
Maximum \| Pension Benefits \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	14%
Maximum \| Pension Benefits \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	18%
Maximum \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	36%
Maximum \| Postretirement \| U.S. Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	78%
Maximum \| Postretirement \| International Equities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	24%
Maximum \| Postretirement \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	43%
Maximum \| Postretirement \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	23%
Maximum \| Postretirement \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%
Maximum \| Postretirement \| Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocation targets	0%

Employee Benefit Plans (Pension

Employee Benefit Plans (Pension and Post Retirement Asset Allocations in Accordance with Investment Guidelines) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Notional	$ 460,804	$ 471,246
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	12,519	15,242	$ 14,897
Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,784	6,758
Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	3,168	3,104
Pension Benefits \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	8,956	10,860
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,191	1,621	1,589
Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	32	38
Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	11	12
Postretirement \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	93	164
Postretirement \| Variable Life Insurance Policies at contract value
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	909	1,163
Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	82	96
Level 1 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 1 \| Pension Benefits \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	82	96
Level 1 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 1 \| Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 1 \| Postretirement \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	50	114
Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,637	6,620
Level 2 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 2 \| Pension Benefits \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,637	6,620
Level 2 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	32	38
Level 2 \| Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	11	12
Level 2 \| Postretirement \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	43	50
Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	65	42
Level 3 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	3,168	3,104
Level 3 \| Pension Benefits \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	4,237	4,144
Level 3 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 3 \| Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Level 3 \| Postretirement \| Net assets in the fair value hierarchy
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Investment Measure at Net Asset Value as a practical expedient \| Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	189	294
U.S. Equities \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	24	28
U.S. Equities \| Level 1 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
U.S. Equities \| Level 2 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	24	28
U.S. Equities \| Level 3 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
International Equities \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	8	10
International Equities \| Level 1 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
International Equities \| Level 2 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	8	10
International Equities \| Level 3 \| Postretirement \| Equities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Other U.S. government securities \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	406	1,081
Other U.S. government securities \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Other U.S. government securities \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	406	1,081
Other U.S. government securities \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
U.S. government securities (state & other) \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	376	518
U.S. government securities (state & other) \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
U.S. government securities (state & other) \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	376	518
U.S. government securities (state & other) \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Non-U.S. government securities \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	57	114
Non-U.S. government securities \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Non-U.S. government securities \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	57	114
Non-U.S. government securities \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Corporate bonds \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,619	3,809
Corporate bonds \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Corporate bonds \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,619	3,809
Corporate bonds \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Asset-backed \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	46	23
Asset-backed \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Asset-backed \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	46	23
Asset-backed \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized mortgage obligations \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	472	570
Collateralized mortgage obligations \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized mortgage obligations \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	472	570
Collateralized mortgage obligations \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized loan obligations \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	650	502
Collateralized loan obligations \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Collateralized loan obligations \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	650	502
Collateralized loan obligations \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Interest Rate Swaps \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Notional	1,373	433
Interest Rate Swaps \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	11	(1)
Interest Rate Swaps \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Interest Rate Swaps \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	11	(1)
Interest Rate Swaps \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	65	85
Registered investment companies \| Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	11	12
Registered investment companies \| Postretirement \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	50	114
Registered investment companies \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	65	85
Registered investment companies \| Level 1 \| Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies \| Level 1 \| Postretirement \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	50	114
Registered investment companies \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies \| Level 2 \| Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	11	12
Registered investment companies \| Level 2 \| Postretirement \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies \| Level 3 \| Postretirement \| Defined Benefit Plan, Debt Security
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Registered investment companies \| Level 3 \| Postretirement \| Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Other \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	82	57
Other \| Level 1 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	17	11
Other \| Level 2 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	4
Other \| Level 3 \| Pension Benefits \| Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	65	42
Partnerships \| Pension Benefits \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,004	998
Partnerships \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,713	1,800
Partnerships \| Level 1 \| Pension Benefits \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships \| Level 1 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships \| Level 2 \| Pension Benefits \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships \| Level 2 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Partnerships \| Level 3 \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,004	998	838
Partnerships \| Level 3 \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,713	1,800	1,234
Partnerships \| Level 3 \| Pension Benefits \| Real Estate
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,004	998
Partnerships \| Level 3 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,713	1,800
Hedge Fund \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,455	1,304
Hedge Fund \| Level 1 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Hedge Fund \| Level 2 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	0
Hedge Fund \| Level 3 \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,455	1,304	$ 1,327
Hedge Fund \| Level 3 \| Pension Benefits \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,455	1,304
Pooled separate accounts \| Investment Measure at Net Asset Value as a practical expedient \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,347	2,554
Common/collective trusts \| Investment Measure at Net Asset Value as a practical expedient \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	1,131	1,643
Other countries \| Investment Measure at Net Asset Value as a practical expedient \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	85	185
Net assets at fair value \| Postretirement
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 282	$ 458

Employee Benefit Plans (Changes

Employee Benefit Plans (Changes in Fair Value of Level 3 Pension and Post Retirement Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Postretirement
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	$ 1,621	$ 1,589
Actual Return on Assets:
Plan assets at end of period	1,191	1,621
Other \| Level 3 \| Fixed Maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	42	35
Actual Return on Assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases, sales and settlements	23	7
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	65	42
Partnerships \| Level 3 \| Real Estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	998	838
Actual Return on Assets:
Relating to assets still held at the reporting date	56	128
Relating to assets sold during the period	0	0
Purchases, sales and settlements	(50)	32
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	1,004	998
Partnerships \| Level 3 \| Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	1,800	1,234
Actual Return on Assets:
Relating to assets still held at the reporting date	(92)	639
Relating to assets sold during the period	0	0
Purchases, sales and settlements	5	(73)
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	1,713	1,800
Hedge Fund \| Level 3 \| Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Plan assets at beginning of period	1,304	1,327
Actual Return on Assets:
Relating to assets still held at the reporting date	33	98
Relating to assets sold during the period	0	0
Purchases, sales and settlements	118	(121)
Transfers in and/or out of Level 3	0	0
Plan assets at end of period	$ 1,455	$ 1,304

Employee Benefit Plans (Expecte

Employee Benefit Plans (Expected Benefit Payments for Company's Pension and Postretirement Plans as well as Expected Medicare Part D Subsidy Receipts Related to Postretirement Plan) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2023	$ 824
2024	833
2025	861
2026	880
2027	909
2028-2032	4,554
Total	8,861
Postretirement
Defined Benefit Plan Disclosure [Line Items]
2023	149
2024	151
2025	150
2026	143
2027	136
2028-2032	555
Total	$ 1,284

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2021
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	10,000,000	10,000,000	10,000,000
Preferred Stock, Shares Outstanding	0	0	0
Common Stock, par value (in dollars per share)	$ 0.01		$ 0.01
Prudential Financial
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	10,000,000		10,000,000
Common Stock, par value (in dollars per share)	$ 0.01		$ 0.01
Cash and short-term investments at carrying value excluding intercompany liquidity account	$ 4,535
Gibraltar Life
Class of Stock [Line Items]
Japan Permitted Percentage of Statutory Earnings w/o approval	83%
RBC or solvency margin capital in excess of the regulatory required minimums	3.5
Prudential Insurance
Class of Stock [Line Items]
Unassigned Surplus	$ 6,791
Percentage exceed the greater/lesser of statutory surplus	10%
Prudential Annuities Life Assurance Corporation
Class of Stock [Line Items]
Proceeds from Dividends Received	$ 2,081
POJ
Class of Stock [Line Items]
Japan Permitted Percentage of Statutory Earnings w/o approval	83%
Japan-Retained Earnings Level- Permitted Percentage of Prior Year Statutory Earnings	100%
RBC or solvency margin capital in excess of the regulatory required minimums	3.5
Prudential International Insurance Holdings
Class of Stock [Line Items]
Proceeds from Dividends Received	$ 1,313
Prudential of Korea
Class of Stock [Line Items]
Proceeds from Dividends Received		$ 1,627
Permitted to be paid in 2022 \| Prudential Insurance
Class of Stock [Line Items]
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval	$ 1,405

Equity (Common Stock Changes in

Equity (Common Stock Changes in Number of Shares Issued, Held in Treasury and Outstanding) (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	666,305,189
Ending Balance	666,305,189	666,305,189
Issued
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	666,300,000	666,300,000	666,300,000
Common stock issued	0	0	0
Common Stock acquired	0	0	0
Stock-based compensation programs	0	0	0
Ending Balance	666,300,000	666,300,000	666,300,000
Held In Treasury
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	290,000,000	269,900,000	267,500,000
Common stock issued	0	0	0
Common Stock acquired	(14,500,000)	(24,500,000)	(6,700,000)
Stock-based compensation programs	(4,200,000)	(4,400,000)	(4,300,000)
Ending Balance	300,300,000	290,000,000	269,900,000
Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	376,300,000	396,400,000	398,800,000
Common stock issued	0	0	0
Common Stock acquired	(14,500,000)	(24,500,000)	(6,700,000)
Stock-based compensation programs	4,200,000	4,400,000	4,300,000
Ending Balance	366,000,000	376,300,000	396,400,000

Equity (Share Repurchases Autho

Equity (Share Repurchases Authorizations) (Details) - USD ($) shares in Millions, $ in Billions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 07, 2022	Dec. 31, 2019
Increased Under September 2019 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount			$ 2.5
Under December 2017 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 2
Under February 2023 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 1
Under November 2021 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount		$ 1.5
Other common stocks \| Increased Under September 2019 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Number of Treasury Stock Shares Acquired		24.5
Other common stocks \| Under December 2017 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Number of Treasury Stock Shares Acquired			6.7
Other common stocks \| Under November 2021 Board Of Directors Authorization
Equity, Class of Treasury Stock [Line Items]
Number of Treasury Stock Shares Acquired	14.5

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 21,324
Income tax benefit (expense)	12,063	$ 2,314	$ (1,252)
Ending balance	(19,827)	21,324
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,150)	52	(536)
Change in OCI before reclassification	(1,198)	(1,058)	455
Amounts reclassified from AOCI	15	(65)	57
Income tax benefit (expense)	(49)	(79)	76
Ending balance	(2,382)	(1,150)	52
Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	24,987	34,065	28,112
Change in OCI before reclassification	(53,253)	(9,226)	8,112
Amounts reclassified from AOCI	586	(2,486)	(883)
Income tax benefit (expense)	12,262	2,634	(1,276)
Ending balance	(15,418)	24,987	34,065
Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(2,513)	(3,379)	(3,537)
Change in OCI before reclassification	479	843	(70)
Amounts reclassified from AOCI	157	264	280
Income tax benefit (expense)	(150)	(241)	(52)
Ending balance	(2,027)	(2,513)	(3,379)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	21,324	30,738	24,039
Change in OCI before reclassification	(53,972)	(9,441)	8,497
Amounts reclassified from AOCI	758	(2,287)	(546)
Income tax benefit (expense)	12,063	2,314	(1,252)
Ending balance	(19,827)	21,324	30,738
Cash flow hedges \| Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	1,019	(168)
Ending balance	2,616	1,019	(168)
Fair value hedges \| Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(35)	0
Ending balance	$ (54)	$ (35)	$ 0

Equity (Reclassifications out o

Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	$ (3,369)	$ 4,024	$ (3,887)
Other income (loss)	$ (273)	$ 2,951	$ 1,950
Amortization of defined benefit items:
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other comprehensive income (loss), net of tax	Other comprehensive income (loss), net of tax	Other comprehensive income (loss), net of tax
Total Foreign Currency Translation Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ (15)	$ 65	$ (57)
Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(586)	2,486	883
Total amortization of defined benefit pension items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(157)	(264)	(280)
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(758)	2,287	546
Amounts reclassified from AOCI
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	(15)	2	1
Other income (loss)	0	63	(58)
Amortization of defined benefit items:
Prior service cost	9	(3)	(2)
Actuarial gain (loss)	(166)	(261)	(278)
Amounts reclassified from AOCI \| Total Foreign Currency Translation Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(15)	65	(57)
Amounts reclassified from AOCI \| Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(586)	2,486	883
Amounts reclassified from AOCI \| Total amortization of defined benefit pension items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(157)	(264)	(280)
Amounts reclassified from AOCI \| Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(758)	2,287	546
Amounts reclassified from AOCI \| Net unrealized investment gains (losses) on available-for-sale securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(1,487)	1,939	729
Amounts reclassified from AOCI \| Interest Rate \| Cash Flow Hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(7)	0	40
Amounts reclassified from AOCI \| Currency \| Cash Flow Hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	15	(4)	5
Amounts reclassified from AOCI \| Currency \| Fair value hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(4)	(6)	(1)
Amounts reclassified from AOCI \| Currency/Interest Rate \| Cash Flow Hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	$ 897	$ 557	$ 110

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with OTTI, Allowance for Credit Losses and All Other Investments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 21,324
Ending balance	(19,827)	$ 21,324
Net Unrealized Investment Gain (Loss) on AFS Fixed Maturity Securities With OTTI Pre Tax
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0	0	$ 243
Reclassification due to implementation of ASU 2016-13			(243)
Ending balance	0	0	0
Net Unrealized Investment Gain (Loss) on AFS Fixed Maturity Securities With AllowancePre Tax
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	23	(25)	0
Net investment gains (losses) on investments arising during the period	(90)	41	47
Reclassification adjustment for (gains) losses included in net income	23	10	25
Reclassification adjustment for OTTI losses excluded from net income			(97)
Reclassification due to allowance for credit losses recorded during the period	(1)	(3)
Ending balance	(45)	23	(25)
Net unrealized gains (losses) on all other investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	40,444	58,442	45,096
Net investment gains (losses) on investments arising during the period	(65,989)	(15,505)	13,914
Reclassification adjustment for (gains) losses included in net income	563	(2,496)	(908)
Reclassification adjustment for OTTI losses excluded from net income			97
Reclassification due to implementation of ASU 2016-13			243
Reclassification due to allowance for credit losses recorded during the period	1	3
Ending balance	(24,981)	40,444	58,442
DAC, DSI, VOBA and Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(543)	(1,229)	(1,585)
Impact of net unrealized investment (gains) losses	335	686	356
Ending balance	(208)	(543)	(1,229)
Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(3,271)	(6,588)	(2,909)
Impact of net unrealized investment (gains) losses	5,641	3,317	(3,679)
Ending balance	2,370	(3,271)	(6,588)
Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(3,657)	(5,892)	(3,366)
Impact of net unrealized investment (gains) losses	6,850	2,235	(2,526)
Ending balance	3,193	(3,657)	(5,892)
Income Tax Benefit (Expense)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(8,009)	(10,643)	(9,367)
Net investment gains (losses) on investments arising during the period	15,176	3,435	(2,665)
Reclassification adjustment for (gains) losses included in net income	(135)	552	168
Reclassification adjustment for OTTI losses excluded from net income			0
Impact of net unrealized investment (gains) losses	(2,779)	(1,353)	1,221
Reclassification due to implementation of ASU 2016-13			0
Reclassification due to allowance for credit losses recorded during the period	0	0
Ending balance	4,253	(8,009)	(10,643)
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	24,987	34,065	28,112
Net investment gains (losses) on investments arising during the period	(50,903)	(12,029)	11,296
Reclassification adjustment for (gains) losses included in net income	451	(1,934)	(715)
Reclassification adjustment for OTTI losses excluded from net income			0
Impact of net unrealized investment (gains) losses	10,047	4,885	(4,628)
Reclassification due to implementation of ASU 2016-13			0
Reclassification due to allowance for credit losses recorded during the period	0	0
Ending balance	$ (15,418)	$ 24,987	$ 34,065

Equity (Statutory Financial Inf

Equity (Statutory Financial Information) (Details) - Prudential Insurance - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statutory Accounting Practices [Line Items]
Statutory net income (loss)	$ 1,116	$ 966	$ 1,770
Statutory capital and surplus	14,049	$ 19,123	$ 11,597
Permitted to be paid in 2022
Statutory Accounting Practices [Line Items]
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval	$ 1,405

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Undistributed earnings allocated to participating unvested share-based payment awards, weighted outstanding shares	4.9	5.8	4.9

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic earnings per share
Net income (loss)	$ (1,462)	$ 7,794	$ (146)
Less: Income (loss) attributable to noncontrolling interests	(24)	70	228
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	25	115	21
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Income	$ (1,463)	$ 7,609	$ (395)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Weighted Average Shares	372.3	387.2	395.8
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Per Share Amount	$ (3.93)	$ 19.65	$ (1)
Dilutive Securities, Effect on Basic Earnings Per Share [Abstract]
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$ 25	$ 115	$ 21
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	$ 25	$ 115	$ 21
Stock options, Weighted Average Shares	0	0.7	0
Deferred and long-term compensation programs (in shares)	0	2.2	0
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Income	$ (1,463)	$ 7,609	$ (395)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Weighted Average Shares	372.3	390.1	395.8
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Per Share Amount	$ (3.93)	$ 19.51	$ (1)

Earnings Per Share (Antidilutiv

Earnings Per Share (Antidilutive Securities Excluded From the Computation of Diluted Earnings Per Share) (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	3	1	5.5
Antidilutive stock options based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0.5	1	3.3
Weighted average exercise price of options excluded from computation of diluted earnings per share (in dollars per share)	$ 108.19	$ 102.54	$ 82.06
Antidilutive stock options due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0.4	0	0.4
Antidilutive shares based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0.1	0	0.2
Antidilutive shares due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	2	0	1.6

Share-Based Payments (Narrative

Share-Based Payments (Narrative) (Details) - USD ($)	12 Months Ended
Share-Based Payments (Narrative) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax benefit realized for exercises of stock options	$ 8,000,000	$ 12,000,000	$ 3,000,000
Tax benefit realized upon vesting of restricted stock shares, restricted stock units, and performance shares	75,000,000	30,000,000	44,000,000
Cash used to settle performance units	1,000,000	1,000,000	2,000,000
Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax benefit realized for exercises of stock options	$ 4,000,000	$ 4,000,000	3,000,000
Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized shares remain available for grant including previously authorized but unissued shares under the Option Plan	14,546,451
Employee stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum term of stock option granted (in years)	10 years
Vesting period	3 years
Weighed Average grant date fair value of stock options granted (in dollars per share)		$ 18
The total intrinsic value of stock options exercised	$ 33,000,000	$ 48,000,000	13,000,000
Unrecognized Compensation Cost	$ 1,000,000
Weighted Average Recognition Period (in years)	1 month 13 days
Granted (in shares)	0
Employee stock options \| Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum term of stock option granted (in years)	10 years
Vesting period	3 years
Weighed Average grant date fair value of stock options granted (in dollars per share)	$ 0	$ 0
The total intrinsic value of stock options exercised	$ 15,000,000	$ 15,000,000	10,000,000
Unrecognized Compensation Cost	$ 2,070,000
Weighted Average Recognition Period (in years)	10 months 24 days
Granted (in shares)	0
Employee Restricted Stock Restricted Units And Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
The fair market value of share awards released	$ 366,000,000	155,000,000	191,000,000
Unrecognized Compensation Cost	$ 174,000,000
Weighted Average Recognition Period (in years)	1 year 9 months 29 days
Employee Restricted Stock Restricted Units And Performance Shares \| Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
The fair market value of share awards released	$ 2,000,000	$ 3,000,000	$ 2,000,000
Unrecognized Compensation Cost	$ 1,850,000
Weighted Average Recognition Period (in years)	1 year 2 months 15 days
Employee restricted stock units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share)	$ 119.71	$ 81.82	$ 93.88
Employee restricted stock units \| Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share)	0	0	0
Employee performance shares and performance units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share)	121.29	81.43	$ 95.42
Employee performance shares and performance units \| Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share)	$ 0	$ 63.30
Tax benefit realized upon vesting of restricted stock shares, restricted stock units, and performance shares	$ 1,000,000	$ 1,000,000	$ 1,000,000
Granted (in shares)	0	0

Share-Based Payments (Compensat

Share-Based Payments (Compensation Cost Recognized and Related Income Tax Benefit for Stock Options, Restricted Stock Shares, Restricted Stock Units, and Performance Share Awards) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	$ 208	$ 268	$ 226
Income Tax Benefit	48	61	53
Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	12	16	16
Income Tax Benefit	3	3	5
Employee stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	1	2	11
Income Tax Benefit	0	0	3
Employee stock options \| Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	10	14	14
Income Tax Benefit	2	3	4
Employee restricted stock units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	189	178	162
Income Tax Benefit	44	41	38
Employee restricted stock units \| Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	2	2	2
Income Tax Benefit	1	0	1
Employee performance shares and performance units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	18	88	53
Income Tax Benefit	4	20	12
Employee performance shares and performance units \| Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	0	0	0
Income Tax Benefit	$ 0	$ 0	$ 0

Share-Based Payments (Summary o

Share-Based Payments (Summary of the Status of the Company's Employee Stock Option Grants) (Details) - Employee stock options	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares
Outstanding (in shares) \| shares	3,034,103
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	(814,771)
Forfeited (in shares) \| shares	(1,784)
Expired (in shares) \| shares	(11,179)
Outstanding (in shares) \| shares	2,206,369
Exercisable (in shares) \| shares	2,007,611
Weighted Average Exercise Price
Outstanding (in dollars per share) \| $ / shares	$ 87.54
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	73.34
Forfeited (in dollars per share) \| $ / shares	95.79
Expired (in dollars per share) \| $ / shares	108.33
Outstanding (in dollars per share) \| $ / shares	92.67
Exercisable (in dollars per share) \| $ / shares	$ 92.35
Assurance IQ
Shares
Outstanding (in shares) \| shares	211,462
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	(143,640)
Forfeited (in shares) \| shares	(12,375)
Expired (in shares) \| shares	(1,679)
Outstanding (in shares) \| shares	53,768
Exercisable (in shares) \| shares	27,753
Weighted Average Exercise Price
Outstanding (in dollars per share) \| $ / shares	$ 2.12
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	2.41
Forfeited (in dollars per share) \| $ / shares	1.29
Expired (in dollars per share) \| $ / shares	2.67
Outstanding (in dollars per share) \| $ / shares	1.49
Exercisable (in dollars per share) \| $ / shares	$ 1.19

Share-Based Payments (Weighted

Share-Based Payments (Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value of Stock Options Outstanding, Vested and Expected to Vest, and Exercisable) (Details) - Employee stock options $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Weighted Average Remaining Contractual Term	3 years 10 months 17 days
Exercisable, Weighted Average Remaining Contractual Term	3 years 7 months 20 days
Outstanding, Aggregate Intrinsic Value	$ 21
Exercisable, Aggregate Intrinsic Value	$ 20
Assurance IQ
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Weighted Average Remaining Contractual Term	5 years 10 months 28 days
Exercisable, Weighted Average Remaining Contractual Term	5 years 10 months 2 days
Outstanding, Aggregate Intrinsic Value	$ 5
Exercisable, Aggregate Intrinsic Value	$ 3

Share-Based Payments (Summary_2

Share-Based Payments (Summary of the Company's Employee Restricted Stock Shares, Restricted Stock Units and Performance Shares (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares to be awarded at the end of each performance period	0%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares to be awarded at the end of each performance period	150%
Employee restricted stock units
Restricted Awards
Restricted (in shares)	5,803,389
Granted (in shares)	1,908,925
Forfeited (in shares)	(257,871)
Performance adjustment (in shares)	0
Released (in shares)	(2,463,403)
Restricted (in shares)	4,991,040	5,803,389
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 88.62
Granted (in dollars per share)	119.71	$ 81.82	$ 93.88
Forfeited (in dollars per share)	98.59
Performance adjustment (in dollars per share)	0
Released (in dollars per share)	89.68
Restricted (in dollars per share)	$ 99.48	$ 88.62
Employee performance shares and performance units
Restricted Awards
Restricted (in shares)	2,159,490
Granted (in shares)	606,171
Forfeited (in shares)	(20,381)
Performance adjustment (in shares)	(40,081)
Released (in shares)	(644,025)
Restricted (in shares)	2,061,174	2,159,490
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 88.46
Granted (in dollars per share)	121.29	$ 81.43	95.42
Forfeited (in dollars per share)	94.94
Performance adjustment (in dollars per share)	90.75
Released (in dollars per share)	90.50
Restricted (in dollars per share)	$ 97.44	$ 88.46
Assurance IQ \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares to be awarded at the end of each performance period	0%
Variable profit sharing	$ 900
Assurance IQ \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares to be awarded at the end of each performance period	100%
Variable profit sharing	$ 1,300
Assurance IQ \| Employee restricted stock units
Restricted Awards
Restricted (in shares)	36,812
Granted (in shares)	0
Forfeited (in shares)	(768)
Performance adjustment (in shares)	0
Released (in shares)	(17,008)
Restricted (in shares)	19,036	36,812
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 87.67
Granted (in dollars per share)	0	$ 0	$ 0
Forfeited (in dollars per share)	87.67
Performance adjustment (in dollars per share)	0
Released (in dollars per share)	87.67
Restricted (in dollars per share)	$ 87.67	$ 87.67
Assurance IQ \| Employee performance shares and performance units
Restricted Awards
Restricted (in shares)	1,327,936
Granted (in shares)	0
Forfeited (in shares)	(423,128)
Performance adjustment (in shares)	(904,808)
Released (in shares)	0
Restricted (in shares)	0	1,327,936
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 88.50
Granted (in dollars per share)	0	$ 63.30
Forfeited (in dollars per share)	88.10
Performance adjustment (in dollars per share)	88.55
Released (in dollars per share)	0
Restricted (in dollars per share)	$ 0	$ 88.50

Segment Information (Narrative)

Segment Information (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total deferred gain (loss)	$ 1,112
Synthetic Gic Fees	113	$ 111	$ 113
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,776)	9,381	(323)
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,776)	9,381	(323)
Impairments	903	1,060
Restatement Adjustment
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Derivative, Gain (Loss) on Derivative, Net, Terminated Or Offset Before Maturity	100	66	$ 45
Individual Life \| Restatement Adjustment
Segment Reporting Information [Line Items]
Benefit to pre-tax adjustment operating income	(310)
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
Benefit to pre-tax adjustment operating income	(310)
Income (loss) before income taxes and equity in earnings of operating joint ventures	(125)
International Businesses
Segment Reporting Information [Line Items]
Impairments	$ 0	$ 0

Segment Information (Operating

Segment Information (Operating Income of Reportable Segments) (Reconciling Items) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
(Gains) Losses On Assets Supporting Experience-Rated Contractholder Liabilities, Net	$ (1,128)	$ (299)	$ 743
Segment Reconciling Items
Segment Reporting Information [Line Items]
Terminated hedges of foreign currency earnings	22	33	72
Current period yield adjustments	515	526	293
Principal source of earnings	245	96	57
Investments carried at fair value through net income	(1,562)	(123)	149
Foreign currency exchange movements	49	22	(14)
Other activities	$ (33)	$ (33)	$ (39)

Segment Information (Operatin_2

Segment Information (Operating Income of Reportable Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	$ (1,776)	$ 9,381	$ (323)
Impairments	(903)	(1,060)
PGIM
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Impairments	0	0
Assurance IQ
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Impairments	(903)	(1,060)
International Businesses
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Impairments	0	0
Total Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Impairments	0	0
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	4,650	7,301	4,950
Operating Segments \| PGIM \| PGIM
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	843	1,643	1,262
Operating Segments \| Total International Insurance division \| International Businesses
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	2,404	3,390	2,952
Operating Segments \| U.S. Businesses Division \| Group Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(16)	(455)	(16)
Operating Segments \| U.S. Businesses Division \| Individual Life
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,215)	393	(48)
Operating Segments \| U.S. Businesses Division \| Assurance IQ
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(113)	(142)	(88)
Operating Segments \| U.S. Businesses Division \| Retirement Strategies
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	4,223	4,079	2,855
Operating Segments \| U.S. Businesses Division \| Retirement Strategies \| Institutional Retirement Strategies
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	1,541	2,178	1,385
Operating Segments \| U.S. Businesses Division \| Retirement Strategies \| Individual Retirement Strategies
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	2,682	1,901	1,470
Operating Segments \| Total Corporate and Other \| Total Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,476)	(1,607)	(1,967)
Segment Reconciling Items \| Realized investment gains (losses), net, and related adjustments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(5,670)	1,947	(4,140)
Segment Reconciling Items \| Charges related to realized investment gains (losses), net
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(531)	(320)	(160)
Segment Reconciling Items \| Segment Reconciling Items, Market Experience Updates
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	781	750	(640)
Segment Reconciling Items \| Segment Reconciling Items, Other Adjustments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(939)	(1,112)	51
Segment Reconciling Items \| Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(44)	(41)	90
Segment Reconciling Items \| Closed Block division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	(32)	140	(24)
Segment Reconciling Items \| Other Divested and Run-off Businesses
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	9	716	(450)
U.S. Businesses \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) before income taxes and equity in earnings of operating joint ventures	$ 2,879	$ 3,875	$ 2,703

Segment Information (Certain Fi

Segment Information (Certain Financial Information for the Reportable Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total Assets	$ 689,917	$ 937,582
Revenues	60,050	70,934	$ 57,033
Net Investment Income	16,037	18,287	17,410
Total benefits and expenses	61,826	61,553	57,356
Policyholders’ Benefits	43,487	38,458	35,059
Interest Credited to Policyholders’ Account Balances	2,316	3,482	4,538
Dividends to Policyholders	198	2,874	1,625
Interest expense	1,596	1,478	1,560
Amortization of DAC	2,429	2,097	2,221
Closed Block Business \| Closed Block division
Segment Reporting Information [Line Items]
Revenues	2,957	5,947	4,766
Net Investment Income	1,976	2,500	2,240
Total benefits and expenses	2,989	5,807	4,790
Policyholders’ Benefits	2,436	2,557	2,757
Interest Credited to Policyholders’ Account Balances	121	124	127
Dividends to Policyholders	115	2,794	1,549
Interest expense	9	0	1
Amortization of DAC	19	21	26
Operating Segments
Segment Reporting Information [Line Items]
Revenues	61,691	59,781	52,282
Net Investment Income	13,184	14,160	13,132
Total benefits and expenses	57,041	52,480	47,332
Policyholders’ Benefits	40,124	35,287	29,924
Interest Credited to Policyholders’ Account Balances	2,672	2,683	2,781
Dividends to Policyholders	81	81	76
Interest expense	1,589	1,474	1,551
Amortization of DAC	2,185	2,080	2,078
Operating Segments \| Other Divested and Run-off Businesses
Segment Reporting Information [Line Items]
Revenues	845	2,903	4,420
Net Investment Income	900	1,667	2,077
Total benefits and expenses	836	2,187	4,870
Policyholders’ Benefits	897	979	2,117
Interest Credited to Policyholders’ Account Balances	(434)	270	1,599
Dividends to Policyholders	2	(1)	0
Interest expense	(2)	4	8
Amortization of DAC	5	6	100
Operating Segments \| PGIM \| PGIM
Segment Reporting Information [Line Items]
Total Assets	48,364	53,566
Revenues	3,622	4,493	4,153
Net Investment Income	94	157	304
Total benefits and expenses	2,779	2,850	2,891
Policyholders’ Benefits	0	0	0
Interest Credited to Policyholders’ Account Balances	0	0	0
Dividends to Policyholders	0	0	0
Interest expense	57	25	19
Amortization of DAC	3	6	8
Operating Segments \| Total International Insurance division \| International Businesses
Segment Reporting Information [Line Items]
Total Assets	185,555	222,736
Revenues	20,074	21,915	21,576
Net Investment Income	4,966	5,403	4,982
Total benefits and expenses	17,670	18,525	18,624
Policyholders’ Benefits	13,067	13,804	13,714
Interest Credited to Policyholders’ Account Balances	741	799	851
Dividends to Policyholders	47	46	40
Interest expense	35	6	8
Amortization of DAC	1,276	1,148	1,204
Operating Segments \| Corporate and Other \| Corporate and Other
Segment Reporting Information [Line Items]
Revenues	(465)	(511)	(513)
Net Investment Income	599	664	660
Total benefits and expenses	1,011	1,096	1,454
Policyholders’ Benefits	1	(24)	30
Interest Credited to Policyholders’ Account Balances	137	135	129
Dividends to Policyholders	0	0	0
Interest expense	711	645	668
Amortization of DAC	(45)	(55)	(49)
Operating Segments \| U.S. Businesses Division \| Group Insurance
Segment Reporting Information [Line Items]
Total Assets	38,201	43,286
Revenues	6,123	6,217	5,786
Net Investment Income	479	538	526
Total benefits and expenses	6,139	6,672	5,802
Policyholders’ Benefits	4,920	5,482	4,664
Interest Credited to Policyholders’ Account Balances	153	171	206
Dividends to Policyholders	0	0	0
Interest expense	4	3	3
Amortization of DAC	5	5	8
Operating Segments \| U.S. Businesses Division \| Individual Life
Segment Reporting Information [Line Items]
Total Assets	101,703	118,237
Revenues	7,074	6,897	6,398
Net Investment Income	2,472	2,550	2,314
Total benefits and expenses	8,289	6,504	6,446
Policyholders’ Benefits	4,610	3,219	3,170
Interest Credited to Policyholders’ Account Balances	927	871	848
Dividends to Policyholders	34	35	36
Interest expense	810	752	769
Amortization of DAC	481	395	367
Operating Segments \| U.S. Businesses Division \| Assurance IQ
Segment Reporting Information [Line Items]
Total Assets	847	1,788
Revenues	510	558	391
Net Investment Income	3	2	2
Total benefits and expenses	623	700	479
Policyholders’ Benefits	0	0	0
Interest Credited to Policyholders’ Account Balances	0	0	0
Dividends to Policyholders	0	0	0
Interest expense	12	11	5
Amortization of DAC	0	0	0
Operating Segments \| U.S. Businesses Division \| Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	237,611	315,289
Revenues	24,753	20,212	14,491
Net Investment Income	4,571	4,846	4,344
Total benefits and expenses	20,530	16,133	11,636
Policyholders’ Benefits	17,526	12,806	8,346
Interest Credited to Policyholders’ Account Balances	714	707	747
Dividends to Policyholders	0	0	0
Interest expense	(40)	32	79
Amortization of DAC	465	581	540
Operating Segments \| U.S. Businesses Division \| Retirement Strategies \| Institutional Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	108,723	114,016
Revenues	19,441	15,298	10,051
Net Investment Income	3,653	3,921	3,446
Total benefits and expenses	17,900	13,120	8,666
Policyholders’ Benefits	17,275	12,525	8,009
Interest Credited to Policyholders’ Account Balances	383	348	410
Dividends to Policyholders	0	0	0
Interest expense	15	14	20
Amortization of DAC	23	22	16
Operating Segments \| U.S. Businesses Division \| Retirement Strategies \| Individual Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	128,888	201,273
Revenues	5,312	4,914	4,440
Net Investment Income	918	925	898
Total benefits and expenses	2,630	3,013	2,970
Policyholders’ Benefits	251	281	337
Interest Credited to Policyholders’ Account Balances	331	359	337
Dividends to Policyholders	0	0	0
Interest expense	(55)	18	59
Amortization of DAC	442	559	524
Operating Segments \| Total Corporate and Other \| Corporate and Other
Segment Reporting Information [Line Items]
Total Assets	26,714	122,701
Operating Segments \| Total Closed Block division \| Closed Block division
Segment Reporting Information [Line Items]
Total Assets	50,922	59,979
Segment Reconciling Items \| Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Revenues	(5,861)	2,313	(4,072)
Net Investment Income	(23)	(40)	(39)
Total benefits and expenses	(191)	366	68
Policyholders’ Benefits	0	0	0
Interest Credited to Policyholders’ Account Balances	(191)	366	68
Dividends to Policyholders	0	0	0
Interest expense	0	0	0
Amortization of DAC	0	0	0
Segment Reconciling Items \| Charges related to realized investment gains (losses), net
Segment Reporting Information [Line Items]
Revenues	(160)	(248)	(134)
Net Investment Income	0	0	0
Total benefits and expenses	371	72	26
Policyholders’ Benefits	289	(165)	0
Interest Credited to Policyholders’ Account Balances	120	84	(58)
Dividends to Policyholders	0	0	0
Interest expense	0	0	0
Amortization of DAC	183	153	(115)
Segment Reconciling Items \| Segment Reconciling Items, Market Experience Updates
Segment Reporting Information [Line Items]
Revenues	583	335	(196)
Net Investment Income	0	0	0
Total benefits and expenses	(198)	(415)	444
Policyholders’ Benefits	(259)	(200)	261
Interest Credited to Policyholders’ Account Balances	28	(45)	21
Dividends to Policyholders	0	0	0
Interest expense	0	0	0
Amortization of DAC	37	(163)	132
Segment Reconciling Items \| Segment Reconciling Items, Other Adjustments
Segment Reporting Information [Line Items]
Revenues	0	0	105
Net Investment Income	0	0	0
Total benefits and expenses	939	1,112	54
Policyholders’ Benefits	0	0	0
Interest Credited to Policyholders’ Account Balances	0	0	0
Dividends to Policyholders	0	0	0
Interest expense	0	0	0
Amortization of DAC	0	0	0
Segment Reconciling Items \| Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Revenues	(5)	(97)	(138)
Net Investment Income	0	0	0
Total benefits and expenses	39	(56)	(228)
Policyholders’ Benefits	0	0	0
Interest Credited to Policyholders’ Account Balances	0	0	0
Dividends to Policyholders	0	0	0
Interest expense	0	0	0
Amortization of DAC	0	0	0
U.S. Businesses \| Operating Segments
Segment Reporting Information [Line Items]
Total Assets	378,362	478,600
Revenues	38,460	33,884	27,066
Net Investment Income	7,525	7,936	7,186
Total benefits and expenses	35,581	30,009	24,363
Policyholders’ Benefits	27,056	21,507	16,180
Interest Credited to Policyholders’ Account Balances	1,794	1,749	1,801
Dividends to Policyholders	34	35	36
Interest expense	786	798	856
Amortization of DAC	$ 951	$ 981	$ 915

Segment Information (Revenues a

Segment Information (Revenues and Asset Management Revenues) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Asset management and service fees	$ 4,062	$ 4,901	$ 4,391
Total revenues	60,050	70,934	57,033
PGIM \| PGIM \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	822	939	866
United States
Segment Reporting Information [Line Items]
Total revenues	38,849	45,286	30,803
Japan
Segment Reporting Information [Line Items]
Total revenues	15,682	18,852	20,028
Other Countries
Segment Reporting Information [Line Items]
Total revenues	5,519	6,796	6,202
Management Service, Base
Segment Reporting Information [Line Items]
Asset management and service fees	3,434	4,111	3,615
Management Service, Incentive
Segment Reporting Information [Line Items]
Asset management and service fees	84	147	193
Financial Service, Other
Segment Reporting Information [Line Items]
Asset management and service fees	$ 544	$ 643	$ 583

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingent Liabilities [Line Items]
Fair value of collateral supporting these assets	$ 702	$ 802
Other assets:
Premium tax offset for future undiscounted assessments	37	40
Premium tax offset currently available for paid assessments	2	2
Total	39	42
Other liabilities:
Insolvency assessments	29	35
Commitments \| Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	1,995	2,300
Portion of commitment where prearrangement to sell to investor exists	582	1,102
Allowance for credit losses	1	1
Change in allowance for credit loss expense (reversal)	0	0
Commitments \| Commercial Mortgage Loans \| Held-for-sale
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments		21
Expected to be funded from the GA and other operations outside the SA
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)	8,376	10,347
Expected to be funded from the GA and other operations outside the SA \| Held-for-sale
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)		118
Expected to be funded from separate accounts
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)	183	236
Indemnification \| Securities Lending and Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	5,834	6,499
Fair value of related collateral associated with above indemnifications	5,985	6,635
Accrued Liability associated with guarantee	0	0
Indemnification \| Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	0	30
Fair value of related collateral associated with above indemnifications	0	29
Indemnification \| Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company	2,972	2,930
First-loss exposure portion of above	862	854
Accrued Liability associated with guarantee	33	41
Allowance for credit losses	17	20
Change in allowance for credit loss expense (reversal)	(3)	0
Guarantee of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third parties’ assets	84,338	81,984
Fair value of collateral supporting these assets	77,693	83,609
Asset (liability) associated with guarantee, carried at fair value	1	1
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Other guarantees where amount can be determined	57	47
Accrued Liability associated with guarantee	$ 33	$ 34

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative Assurance IQ Contingent Consideration Liability) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Oct. 31, 2019
Acquisition of Assurance IQ, Inc.
Business Acquisition [Line Items]
Contingent consideration, liability	$ 0	$ 0	$ 100

Commitments and Contingent Li_5

Commitments and Contingent Liabilities (Narrative Excluding Litigation) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Commitments \| Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	$ 1	$ 1
Change in allowance for credit loss expense (reversal)	0	0
Purchase Investments
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit loss expense (reversal)	$ 0	0
Indemnification \| Securities Lending and Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage	102%
Indemnification \| Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage	95%
Indemnification \| Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	$ 17	20
Change in allowance for credit loss expense (reversal)	(3)	0
Mortgages subject to loss-sharing arrangements	$ 23,937	$ 22,963
Weighted-average debt service coverage ratio of mortgages subject to loss-sharing arrangements	1.92	1.93
Weighted-average loan-to-value ratio of mortgages subject to loss-sharing arrangements	61%	63%
Losses related to indemnifications that were settled	$ 0	$ 2
Indemnification \| Minimum \| Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Percentage share of losses incurred on certain loans serviced	4%
Indemnification \| Maximum \| Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Percentage share of losses incurred on certain loans serviced	20%

Commitments and Contingent Li_6

Commitments and Contingent Liabilities (Litigation Narrative) (Details) $ in Millions	1 Months Ended
	Dec. 31, 2017 defendant	Dec. 31, 2022 USD ($)	May 31, 2014 defendant
Loss Contingencies [Line Items]
Estimate of possible losses in excess of accruals (less than) for litigation and regulatory matters \| $		$ 250
Total Asset Recovery Services, LLC v. MetLife, Inc., and Prudential \| Pending Litigation
Loss Contingencies [Line Items]
Loss Contingency, Number of Defendants	19
London Interbank Offered Rate (LIBOR) \| Positive Outcome of Litigation
Loss Contingencies [Line Items]
Number of defendants in legal action filed by the company			10

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ / shares in Units, $ in Billions		12 Months Ended
	Feb. 07, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 07, 2022
Subsequent Event [Line Items]
Dividends declared per share of Common Stock (in dollars per share)		$ 4.80	$ 4.60	$ 4.40
Under February 2023 Board Of Directors Authorization
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount					$ 1
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share of Common Stock (in dollars per share)	$ 1.25

Schedule I - Summary of Inves_2

Schedule I - Summary of Investments Other Than investments in Related Parties (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Commercial mortgage and other loans	[1]	$ 56,745	$ 58,666
Fixed Maturities, Available-for-sale, Amortized Cost		335,447	333,459
Fixed Maturities, Available for Sale, Fair Value	[1]	307,719	372,410
Amortized Cost	[1]	1,296	1,514
Fixed Maturities, Held-to-maturity, Fair Value		1,455	1,803
Equity securities, Fair Value	[1]	7,150	8,574
Fixed Maturities, Trading, amortized cost		7,303	8,741
Fixed maturities, trading, at fair value	[1]	5,951	8,823
Assets supporting experience-rated contractholder liabilities, at amortized cost		2,612	2,861
Assets supporting experience-rated contractholder liabilities, at fair value		2,844	3,358
Commercial mortgage and other loans		56,745	58,666
Policy loans		10,046	10,386
Short-term investments		4,591
Other invested assets	[1]	21,099	21,833
Total Investment at Cost		444,447
Total investment		417,441	492,199
Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		335,447	333,459
Fixed Maturities, Available for Sale, Fair Value		307,719	372,410
Amortized Cost		1,298	1,519
Fixed Maturities, Held-to-maturity, Fair Value		1,455	1,803
Fixed maturities securities, HTM, AC in BS		1,296	1,514
Assets supporting experience-rated contractholder liabilities, at amortized cost		984	1,044
Assets supporting experience-rated contractholder liabilities, at fair value		945	1,057
Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		5,306
Equity securities, Fair Value		7,150
Assets supporting experience-rated contractholder liabilities, at amortized cost		1,628	1,787
Assets supporting experience-rated contractholder liabilities, at fair value		1,899	2,271
Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		335,447
Fixed Maturities, Available for Sale, Fair Value		307,719
Held-to-maturity \| Fixed Maturities
Schedule of Investments [Line Items]
Amortized Cost		1,298
Fixed Maturities, Held-to-maturity, Fair Value		1,455
Fixed maturities securities, HTM, AC in BS		1,296
Trading \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Trading, amortized cost		7,303
Fixed maturities, trading, at fair value		5,951
U.S. Treasury securities and obligations of U.S. government authorities and agencies \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		29,372	26,231
Fixed Maturities, Available for Sale, Fair Value		26,069	32,158
U.S. Treasury securities and obligations of U.S. government authorities and agencies \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		29,372
Fixed Maturities, Available for Sale, Fair Value		26,069
Obligations of U.S. states and their political subdivisions \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		10,179	10,445
Fixed Maturities, Available for Sale, Fair Value		9,689	12,218
Obligations of U.S. states and their political subdivisions \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		10,179
Fixed Maturities, Available for Sale, Fair Value		9,689
Foreign governments \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		74,103
Fixed Maturities, Available for Sale, Fair Value		73,226
Asset-backed securities \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		12,972	11,402
Fixed Maturities, Available for Sale, Fair Value		12,851	11,525
Assets supporting experience-rated contractholder liabilities, at amortized cost		0	0
Assets supporting experience-rated contractholder liabilities, at fair value		0	0
Asset-backed securities \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		12,972
Fixed Maturities, Available for Sale, Fair Value		12,851
Residential mortgage-backed securities \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		2,613	2,749
Fixed Maturities, Available for Sale, Fair Value		2,417	2,858
Amortized Cost		143	191
Fixed Maturities, Held-to-maturity, Fair Value		148	205
Fixed maturities securities, HTM, AC in BS		143	191
Assets supporting experience-rated contractholder liabilities, at amortized cost		0	0
Assets supporting experience-rated contractholder liabilities, at fair value		0	0
Residential mortgage-backed securities \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		2,613
Fixed Maturities, Available for Sale, Fair Value		2,417
Residential mortgage-backed securities \| Held-to-maturity \| Fixed Maturities
Schedule of Investments [Line Items]
Amortized Cost		143
Fixed Maturities, Held-to-maturity, Fair Value		148
Fixed maturities securities, HTM, AC in BS		143
Commercial Mortgage Backed Securities \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		11,497	12,490
Fixed Maturities, Available for Sale, Fair Value		10,655	13,099
Assets supporting experience-rated contractholder liabilities, at amortized cost		0	0
Assets supporting experience-rated contractholder liabilities, at fair value		0	0
Commercial Mortgage Backed Securities \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		11,497
Fixed Maturities, Available for Sale, Fair Value		10,655
Public utilities \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		29,397
Fixed Maturities, Available for Sale, Fair Value		25,960
All other corporate bonds \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		164,967
Fixed Maturities, Available for Sale, Fair Value		146,502
All other corporate bonds \| Held-to-maturity \| Fixed Maturities
Schedule of Investments [Line Items]
Amortized Cost		430
Fixed Maturities, Held-to-maturity, Fair Value		454
Fixed maturities securities, HTM, AC in BS		428
Redeemable preferred stock \| Available-for-sale \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		347
Fixed Maturities, Available for Sale, Fair Value		350
Foreign government bonds \| Fixed Maturities
Schedule of Investments [Line Items]
Fixed Maturities, Available-for-sale, Amortized Cost		74,103	83,363
Fixed Maturities, Available for Sale, Fair Value		73,226	94,669
Amortized Cost		725	833
Fixed Maturities, Held-to-maturity, Fair Value		853	1,054
Fixed maturities securities, HTM, AC in BS		725	833
Assets supporting experience-rated contractholder liabilities, at amortized cost		705	761
Assets supporting experience-rated contractholder liabilities, at fair value		668	$ 761
Foreign government bonds \| Held-to-maturity \| Fixed Maturities
Schedule of Investments [Line Items]
Amortized Cost		725
Fixed Maturities, Held-to-maturity, Fair Value		853
Fixed maturities securities, HTM, AC in BS		725
Other common stocks \| Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		3,893
Equity securities, Fair Value		5,284
Mutual funds \| Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		1,193
Equity securities, Fair Value		1,612
Nonredeemable preferred stock \| Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		44
Equity securities, Fair Value		79
Perpetual preferred stock \| Equity securities
Schedule of Investments [Line Items]
Equity securities, at cost		176
Equity securities, Fair Value		175
Commercial mortgage and agricultural properties loans and other collateralized loans
Schedule of Investments [Line Items]
Commercial mortgage and other loans		56,284
Uncollateralized loans
Schedule of Investments [Line Items]
Commercial mortgage and other loans		$ 461

[1]See Note 4 for details of balances associated with variable interest entities.

Schedule II - Condensed Finan_2

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Financial Position) (Details) - USD ($) $ / shares in Units, $ in Millions		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
ASSETS
Fixed maturities, available for sale, at fair value (amortized cost: 2022- $1,719; 2021- $1,052)	[1]	$ 307,719		$ 372,410
Equity securities, at fair value (cost: 2022- $25; 2021- $25)	[1]	7,150		8,574
Other invested assets	[1]	21,099		21,833
Total investment		417,441		492,199
Cash and cash equivalents		17,251	[1]	12,888	[1]	$ 13,701
Investment in subsidiaries		1,181		1,317		$ 1,394
Other assets	[1]	30,188		10,739
TOTAL ASSETS		689,917		937,582
LIABILITIES
Short-term debt		775		722
Long-term debt		19,908		18,622
Other liabilities	[1]	20,536		11,755
Total liabilities		672,709		874,974
EQUITY
Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued)		0		0
Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of December 31, 2022 and December 31, 2021)		6		6
Additional paid-in capital		25,747		25,732
Common Stock held in treasury, at cost (300,342,458 and 290,018,851 shares as of December 31, 2022 and 2021, respectively)		(23,068)		(21,838)
Accumulated other comprehensive income (loss)		(19,827)		21,324
Retained earnings		33,392		36,652
Total equity		16,250		61,876
Total liabilities and equity		689,917		937,582
Fixed Maturities, Available-for-sale, Amortized Cost		$ 335,447		$ 333,459
Preferred Stock, par value (in dollars per share)		$ 0.01		$ 0.01
Preferred Stock, Shares Authorized		10,000,000		10,000,000		10,000,000
Preferred Stock, Shares Issued		0		0
Common Stock, par value (in dollars per share)		$ 0.01		$ 0.01
Common Stock, Shares Authorized		1,500,000,000		1,500,000,000
Common Stock, Shares, Issued		666,305,189		666,305,189
Treasury Stock, Shares		300,342,458		290,018,851
Prudential Financial
ASSETS
Investment contracts from subsidiaries		$ 0		$ 1
Fixed maturities, available for sale, at fair value (amortized cost: 2022- $1,719; 2021- $1,052)		1,564		1,072
Equity securities, at fair value (cost: 2022- $25; 2021- $25)		25		25
Other invested assets		2,495		1,958
Total investment		4,084		3,056
Cash and cash equivalents		1,396		1,251		$ 1,062	$ 1,162
Due from subsidiaries		2,841		3,458
Loans receivable from subsidiaries		8,032		7,876
Investment in subsidiaries		27,047		73,097
Property, plant and equipment		413		428
Income taxes receivable		0		178
Other assets		116		112
TOTAL ASSETS		43,929		89,456
LIABILITIES
Due to subsidiaries		3,705		3,899
Loans payable to subsidiaries		4,279		5,396
Short-term debt		25		25
Long-term debt		19,162		17,673
Income Taxes Payable		71		0
Other liabilities		437		587
Total liabilities		27,679		27,580
EQUITY
Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued)		0		0
Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of December 31, 2022 and December 31, 2021)		6		6
Additional paid-in capital		25,747		25,732
Common Stock held in treasury, at cost (300,342,458 and 290,018,851 shares as of December 31, 2022 and 2021, respectively)		(23,068)		(21,838)
Accumulated other comprehensive income (loss)		(19,827)		21,324
Retained earnings		33,392		36,652
Total equity		16,250		61,876
Total liabilities and equity		43,929		89,456
Fixed Maturities, Available-for-sale, Amortized Cost		1,719		1,052
Equity securities, at cost		$ 25		$ 25
Preferred Stock, par value (in dollars per share)		$ 0.01		$ 0.01
Preferred Stock, Shares Authorized		10,000,000		10,000,000
Preferred Stock, Shares Issued		0		0
Common Stock, par value (in dollars per share)		$ 0.01		$ 0.01
Common Stock, Shares Authorized		1,500,000,000		1,500,000,000
Common Stock, Shares, Issued		666,305,189		666,305,189
Treasury Stock, Shares		300,342,458		290,018,851

[1]See Note 4 for details of balances associated with variable interest entities.

Schedule II - Condensed Finan_3

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUES
Net investment income	$ 16,037	$ 18,287	$ 17,410
Realized investment gains (losses), net	(3,369)	4,024	(3,887)
Other income (loss)	(273)	2,951	1,950
Total revenues	60,050	70,934	57,033
EXPENSES
Interest expense	1,596	1,478	1,560
Income (loss) before income taxes and equity in earnings of operating joint ventures	(1,776)	9,381	(323)
Total income tax expense (benefit)	(370)	1,674	(81)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(1,406)	7,707	(242)
Equity in earnings of subsidiaries	(56)	87	96
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	(1,438)	7,724	(374)
Comprehensive income (loss) attributable to Prudential Financial, Inc.	(42,589)	(1,690)	6,325
Prudential Financial
REVENUES
Net investment income	177	62	97
Realized investment gains (losses), net	128	90	(262)
Affiliated interest revenue	387	358	345
Other income (loss)	27	18	110
Total revenues	719	528	290
EXPENSES
General and administrative expenses	71	166	273
Interest expense	1,161	1,088	1,157
Total expenses	1,232	1,254	1,430
Income (loss) before income taxes and equity in earnings of operating joint ventures	(513)	(726)	(1,140)
Total income tax expense (benefit)	(134)	(130)	(357)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(379)	(596)	(783)
Equity in earnings of subsidiaries	(1,059)	8,320	409
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	(1,438)	7,724	(374)
Other Comprehensive Income (loss)	(41,151)	(9,414)	6,699
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ (42,589)	$ (1,690)	$ 6,325

Schedule II - Condensed Finan_4

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Cash Flow) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (1,462)		$ 7,794		$ (146)
Adjustments to reconcile net income to cash provided by operating activities:
Realized investment (gains) losses, net	3,369		(4,024)		3,887
Dividends received from subsidiaries	81		116		60
Change in:
Other, operating	(827)	[1]	(1,524)		(3,884)
Cash flows from (used in) operating activities	5,158		9,812		8,368
Proceeds from the sale/maturity of:
Fixed maturities, available-for-sale	50,823		64,759		44,106
Short-term investments	40,653		32,696		47,339
Payments for the purchase of:
Fixed maturities, available-for-sale	(60,070)		(65,174)		(56,523)
Short-term investments	(37,894)		(32,329)		(49,802)
Other, investing	(98)		(596)		(278)
Cash flows from (used in) investing activities	(7,638)		(5,342)		(16,210)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock	(1,817)		(1,814)		(1,766)
Common Stock acquired	(1,488)		(2,500)		(500)
Common Stock reissued for exercise of stock options	163		200		153
Proceeds from the issuance of debt (maturities longer than 90 days)	2,706		268		3,013
Repayments of debt (maturities longer than 90 days)	(1,184)		(1,708)		(2,743)
Net change in financing arrangements (maturities 90 days or less)	(214)		297		(21)
Other, financing	2,226	[2]	(364)		(456)
Cash flows from (used in) financing activities	4,933		(3,011)		4,883
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	12,888	[3]	13,701
CASH AND CASH EQUIVALENTS, END OF YEAR	17,251	[3]	12,888	[3]	13,701
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid (refunds received) during the period for taxes	1,090		1,668		287
Prudential Financial
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	(1,438)		7,724		(374)
Adjustments to reconcile net income to cash provided by operating activities:
Equity in earnings of subsidiaries	1,059		(8,320)		(409)
Realized investment (gains) losses, net	(128)		(90)		262
Dividends received from subsidiaries	3,967		3,239		4,042
Property, plant and equipment	(8)		(4)		(1)
Change in:
Due to/from subsidiaries, net	681		(513)		649
Other, operating	39		63		359
Cash flows from (used in) operating activities	4,172		2,099		4,528
Proceeds from the sale/maturity of:
Fixed maturities, available-for-sale	76		969		412
Short-term investments	23,529		15,718		18,489
Payments for the purchase of:
Fixed maturities, available-for-sale	(744)		(500)		(298)
Short-term investments	(24,080)		(13,795)		(20,039)
Capital contributions to subsidiaries	(2,527)		(874)		(386)
Returns of capital contributions from subsidiaries	2,098		430		813
Loans to subsidiaries, net of maturities	(157)		151		(876)
Other, investing	0		7		0
Cash flows from (used in) investing activities	(1,805)		2,106		(1,885)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock	(1,817)		(1,814)		(1,766)
Common Stock acquired	(1,488)		(2,500)		(500)
Common Stock reissued for exercise of stock options	163		200		153
Proceeds from the issuance of debt (maturities longer than 90 days)	2,474		0		2,768
Repayments of debt (maturities longer than 90 days)	(1,005)		(1,308)		(2,467)
Repayments of loans from subsidiaries	(1,811)		151		(1,023)
Proceeds from loans payable to subsidiaries	1,386		1,411		166
Net change in financing arrangements (maturities 90 days or less)	(2)		0		0
Other, financing	(122)		(156)		(74)
Cash flows from (used in) financing activities	(2,222)		(4,016)		(2,743)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	145		189		(100)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	1,251		1,062		1,162
CASH AND CASH EQUIVALENTS, END OF YEAR	1,396		1,251		1,062
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for interest	1,071		1,050		1,088
Cash paid (refunds received) during the period for taxes	(231)		(330)		(482)
NON-CASH TRANSACTIONS DURING THE YEAR
Non-cash capital contributions to subsidiaries	(620)		(3,607)		(1)
Non-cash dividends/returns of capital from subsidiaries	501		4,582		470
Treasury Stock shares issued for stock-based compensation programs	$ 235		$ 138		$ 151

[1]The amount for the year ended December 31, 2022 includes the recognized gains on the sales of Prudential Annuities Life Assurance Corporation (“PALAC”) and the Full Service Retirement business, which were completed on April 1, 2022. See Note 1 for additional information regarding these dispositions.[2]The amount for the year ended December 31, 2022 includes approximately $1.6 billion cash receipt from a secured borrowing related to the PALAC disposition, which was subsequently derecognized as part of a non-cash transaction during 2022 related to the novation of certain previously reinsured annuity products. See Note 1 for additional information.[3]See Note 4 for details of balances associated with variable interest entities.

Schedule II - Condensed Finan_5

Schedule II - Condensed Financial Information of Registrant (Short and Long-Term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Short-term debt	$ 775,000	$ 722,000
Long-term debt	$ 19,908,000	$ 18,622,000
Commercial Paper, Weighted Average Interest Rate	4.69%	0.08%
Interest expense	$ 1,596,000	$ 1,478,000	$ 1,560,000
Prudential Financial
Debt Instrument [Line Items]
Short-term debt	25,000	25,000
Long-term debt	19,162,000	17,673,000
Interest expense	1,161,000	1,088,000	1,157,000
Prudential Financial \| Derivatives
Debt Instrument [Line Items]
Interest expense	0	0	$ 400
Prudential Financial \| Commercial Paper
Debt Instrument [Line Items]
Short-term debt	$ 25,000	$ 25,000
Commercial Paper, Weighted Average Interest Rate	4.35%	0.12%
Prudential Financial \| Current portion of long-term debt
Debt Instrument [Line Items]
Short-term debt	$ 0	$ 0
Prudential Financial \| Junior subordinated debt
Debt Instrument [Line Items]
Long-term debt	$ 9,047,000	7,564,000
Prudential Financial \| Minimum \| Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	3.70%
Prudential Financial \| Maximum \| Junior subordinated debt
Debt Instrument [Line Items]
Interest Rate	6%
Fixed rate \| Prudential Financial \| Senior notes
Debt Instrument [Line Items]
Long-term debt	$ 10,115,000	$ 10,109,000
Fixed rate \| Prudential Financial \| Minimum \| Senior notes
Debt Instrument [Line Items]
Interest Rate	1.50%
Fixed rate \| Prudential Financial \| Maximum \| Senior notes
Debt Instrument [Line Items]
Interest Rate	6.63%

Schedule II - Condensed Finan_6

Schedule II - Condensed Financial Information of Registrant (Contractual Maturities for Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
2024	$ 0
2025	646
2026	500
2027	25
2028 and thereafter	18,737
Long-term debt	19,908	$ 18,622
Prudential Financial
Debt Instrument [Line Items]
2024	0
2025	0
2026	500
2027	0
2028 and thereafter	18,662
Long-term debt	$ 19,162	$ 17,673

Schedule II - Condensed Finan_7

Schedule II - Condensed Financial Information of Registrant (Dividends and Returns of Capital) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Prudential of Korea
Condensed Financial Statements, Captions [Line Items]
Proceeds from Dividends Received			$ 1,627
Pramerica SGR
Condensed Financial Statements, Captions [Line Items]
Proceeds from Dividends Received		$ 450
The Prudential Life Insurance Company of Taiwan Inc.
Condensed Financial Statements, Captions [Line Items]
Proceeds from Dividends Received		198
Prudential Annuities Life Assurance Corporation
Condensed Financial Statements, Captions [Line Items]
Proceeds from Dividends Received	$ 2,081
PRIAC
Condensed Financial Statements, Captions [Line Items]
Proceeds from Dividends Received	2,400
Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	6,065	3,670	4,854
Prudential Annuities Holding Company \| Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	74	73	120
International Insurance and Investments Holding Companies \| Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	1,313	838	3,061
Prudential Insurance Company of America \| Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	2,400	1,100	500
PGIM Holding Company \| Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	156	540	399
Prudential Annuities Life Assurance Corporation \| Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	2,081	1,057	760
Other Holding Companies \| Prudential Financial
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	$ 41	$ 62	$ 14

Schedule II - Condensed Finan_8

Schedule II - Condensed Financial Information of Registrant (Narratives) (Details) € in Millions, $ in Millions, ₩ in Trillions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Apr. 01, 2022 USD ($)	Jun. 30, 2021 TWD ($)	Mar. 31, 2021 USD ($)	Mar. 31, 2021 EUR (€)	Aug. 31, 2020 USD ($)	Aug. 31, 2020 KRW (₩)	Dec. 31, 2014 USD ($)
Schedule II Narrative [Line Items]
Increase (Decrease) In Interest Expense, Derivative Instruments	$ 1,596,000,000	$ 1,478,000,000		$ 1,560,000,000
Other Income	273,000,000	(2,951,000,000)		(1,950,000,000)
Individual Annuities PALAC
Schedule II Narrative [Line Items]
Gain (Loss) on Disposition of Business	852,000,000
The Prudential Life Insurance Company of Taiwan Inc.
Schedule II Narrative [Line Items]
Business Combination, Contingent Consideration, Asset	100,000,000
Retirement Full Service
Schedule II Narrative [Line Items]
Gain (Loss) on Disposition of Business	620,000,000
Equity Method Investment, Deferred Gain on Sale	400,000,000
The Prudential Life Insurance Company of Korea, Ltd.
Schedule II Narrative [Line Items]
Cash considerations for sale of a business									$ 1,900,000,000	₩ 2.3
Other Income				(800,000,000)
Pramerica SGR
Schedule II Narrative [Line Items]
Cash considerations for sale of a business							$ 503,000,000	€ 427
The Prudential Life Insurance Company of Taiwan Inc.
Schedule II Narrative [Line Items]
Cash considerations for sale of a business			$ 200,000,000			$ 5,500
Held-for-sale \| Individual Annuities PALAC
Schedule II Narrative [Line Items]
Cash considerations for sale of a business					$ 852,000,000
Held-for-sale \| The Prudential Life Insurance Company of Taiwan Inc.
Schedule II Narrative [Line Items]
Cash considerations for sale of a business			200,000,000			$ 5,500
Other Income		50,000,000	$ 400,000,000	350,000,000
Business Combination, Contingent Consideration, Asset	100,000,000
Held-for-sale \| Retirement Full Service
Schedule II Narrative [Line Items]
Other Income	(820,000,000)
Gain (Loss) on Disposition of Business	620,000,000
Equity Method Investment, Deferred Gain on Sale	400,000,000
Prudential Financial
Schedule II Narrative [Line Items]
Increase (Decrease) In Interest Expense, Derivative Instruments	1,161,000,000	1,088,000,000		1,157,000,000
Other Income	(27,000,000)	(18,000,000)		(110,000,000)
Derivatives \| Prudential Financial
Schedule II Narrative [Line Items]
Increase (Decrease) In Interest Expense, Derivative Instruments	0	$ 0		$ 400,000
Commercial Paper \| Prudential Financial
Schedule II Narrative [Line Items]
Guarantee obligation	420,000,000
Investee Debt \| Prudential Financial
Schedule II Narrative [Line Items]
Guarantee obligation	$ 4,100,000,000
Commitments to Extend Credit \| Prudential Financial
Schedule II Narrative [Line Items]
Guarantee obligation											$ 500,000,000

Schedule III - Supplementary _2

Schedule III - Supplementary Insurance Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	$ 19,537	$ 18,192	$ 19,027
Future Policy Benefits, Losses, Claims Expenses	284,125	290,442	306,002
Unearned Premiums	327	342	341
Other Policy Claims and Benefits Payable	136,296	131,364	171,206
Premiums, Policy Charges and Fee Income	43,593	40,771	37,169
Net Investment Income	16,037	18,287	17,410
Benefits, Claims, Losses and Settlement Expenses	46,001	44,814	41,222
Amortization of DAC	2,429	2,097	2,221
Other Operating Expenses	13,396	14,642	13,913
U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	11,911	10,714	11,073
Future Policy Benefits, Losses, Claims Expenses	108,912	108,185	116,327
Unearned Premiums	249	254	246
Other Policy Claims and Benefits Payable	75,951	59,991	67,758
Premiums, Policy Charges and Fee Income	26,407	22,154	17,214
Net Investment Income	7,518	7,923	7,165
Benefits, Claims, Losses and Settlement Expenses	29,068	22,977	18,224
Amortization of DAC	1,215	971	903
Other Operating Expenses	6,436	6,821	5,715
Total PFI excluding Closed Block division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	19,368	18,004	18,818
Future Policy Benefits, Losses, Claims Expenses	239,692	244,846	259,240
Unearned Premiums	327	342	341
Other Policy Claims and Benefits Payable	131,072	117,984	156,911
Premiums, Policy Charges and Fee Income	41,894	38,982	35,187
Net Investment Income	14,061	15,787	15,170
Benefits, Claims, Losses and Settlement Expenses	43,329	39,339	36,789
Amortization of DAC	2,410	2,076	2,195
Other Operating Expenses	13,098	14,331	13,582
PGIM \| PGIM
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	0	0	0
Future Policy Benefits, Losses, Claims Expenses	0	0	0
Unearned Premiums	0	0	0
Other Policy Claims and Benefits Payable	0	0	0
Premiums, Policy Charges and Fee Income	0	0	0
Net Investment Income	94	157	304
Benefits, Claims, Losses and Settlement Expenses	0	0	0
Amortization of DAC	3	6	8
Other Operating Expenses	2,791	2,772	2,637
Institutional Retirement Strategies \| U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	74	43	39
Future Policy Benefits, Losses, Claims Expenses	76,741	70,105	68,764
Unearned Premiums	0	0	0
Other Policy Claims and Benefits Payable	17,188	16,601	18,806
Premiums, Policy Charges and Fee Income	15,397	10,830	6,297
Net Investment Income	3,643	3,946	3,470
Benefits, Claims, Losses and Settlement Expenses	17,674	12,899	8,429
Amortization of DAC	16	14	8
Other Operating Expenses	217	219	228
Individual Retirement Strategies \| Held-for-sale
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs		(1,097)
Future Policy Benefits, Losses, Claims Expenses		(4,505)
Other Policy Claims and Benefits Payable		(11,750)
Individual Retirement Strategies \| U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	3,875	3,627	4,689
Future Policy Benefits, Losses, Claims Expenses	6,696	11,040	21,325
Unearned Premiums	0	0	0
Other Policy Claims and Benefits Payable	22,178	7,028	12,383
Premiums, Policy Charges and Fee Income	1,821	2,489	2,399
Net Investment Income	924	929	898
Benefits, Claims, Losses and Settlement Expenses	776	561	664
Amortization of DAC	795	600	481
Other Operating Expenses	1,610	1,811	1,771
Group Insurance \| U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	143	146	149
Future Policy Benefits, Losses, Claims Expenses	5,437	5,532	5,176
Unearned Premiums	249	254	246
Other Policy Claims and Benefits Payable	5,875	6,306	7,470
Premiums, Policy Charges and Fee Income	5,564	5,580	5,171
Net Investment Income	482	513	516
Benefits, Claims, Losses and Settlement Expenses	5,073	5,654	4,870
Amortization of DAC	5	5	8
Other Operating Expenses	1,061	1,013	924
Individual Life \| U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	7,819	6,898	6,196
Future Policy Benefits, Losses, Claims Expenses	20,038	21,508	21,062
Unearned Premiums	0	0	0
Other Policy Claims and Benefits Payable	30,710	30,056	29,099
Premiums, Policy Charges and Fee Income	3,625	3,255	3,347
Net Investment Income	2,466	2,533	2,279
Benefits, Claims, Losses and Settlement Expenses	5,545	3,863	4,261
Amortization of DAC	399	352	406
Other Operating Expenses	2,008	1,979	2,259
Assurance IQ \| U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	0	0	0
Future Policy Benefits, Losses, Claims Expenses	0	0	0
Unearned Premiums	0	0	0
Other Policy Claims and Benefits Payable	0	0	0
Premiums, Policy Charges and Fee Income	0	0	0
Net Investment Income	3	2	2
Benefits, Claims, Losses and Settlement Expenses	0	0	0
Amortization of DAC	0	0	0
Other Operating Expenses	1,540	1,799	533
International Businesses \| International Businesses
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	7,800	7,658	7,668
Future Policy Benefits, Losses, Claims Expenses	121,068	127,574	128,682
Unearned Premiums	77	87	94
Other Policy Claims and Benefits Payable	46,896	49,545	51,476
Premiums, Policy Charges and Fee Income	14,987	15,980	16,155
Net Investment Income	4,970	5,400	4,973
Benefits, Claims, Losses and Settlement Expenses	13,664	15,014	14,676
Amortization of DAC	1,255	1,149	1,239
Other Operating Expenses	2,539	2,725	2,809
Corporate and Other
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	(343)	(368)	77
Future Policy Benefits, Losses, Claims Expenses	9,712	9,087	14,231
Unearned Premiums	1	1	1
Other Policy Claims and Benefits Payable	8,225	8,448	37,677
Premiums, Policy Charges and Fee Income	500	848	1,818
Net Investment Income	1,479	2,307	2,728
Benefits, Claims, Losses and Settlement Expenses	597	1,348	3,889
Amortization of DAC	(63)	(50)	45
Other Operating Expenses	1,332	2,013	2,421
Corporate and Other \| Held-for-sale
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs		(100)
Future Policy Benefits, Losses, Claims Expenses		(157)
Other Policy Claims and Benefits Payable		(28,164)
Closed Block division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	169	188	209
Future Policy Benefits, Losses, Claims Expenses	44,433	45,596	46,762
Unearned Premiums	0	0	0
Other Policy Claims and Benefits Payable	5,224	13,380	14,295
Premiums, Policy Charges and Fee Income	1,699	1,789	1,982
Net Investment Income	1,976	2,500	2,240
Benefits, Claims, Losses and Settlement Expenses	2,672	5,475	4,433
Amortization of DAC	19	21	26
Other Operating Expenses	298	311	331
Retirement Strategies \| U.S. Businesses Division
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Deferred Policy Acquisition Costs	3,949	3,670	4,728
Future Policy Benefits, Losses, Claims Expenses	83,437	81,145	90,089
Unearned Premiums	0	0	0
Other Policy Claims and Benefits Payable	39,366	23,629	31,189
Premiums, Policy Charges and Fee Income	17,218	13,319	8,696
Net Investment Income	4,567	4,875	4,368
Benefits, Claims, Losses and Settlement Expenses	18,450	13,460	9,093
Amortization of DAC	811	614	489
Other Operating Expenses	$ 1,827	$ 2,030	$ 1,999

Schedule IV - Reinsurance (Deta

Schedule IV - Reinsurance (Details) - USD ($) $ in Millions	12 Months Ended
Schedule IV - Reinsurance (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 4,133,602	$ 4,067,801	$ 4,015,943
Ceded to Other Companies	858,957	835,774	887,028
Assumed from Other Companies	178,286	177,089	180,343
Net Amount	$ 3,452,931	$ 3,409,116	$ 3,309,258
Percentage of Amount Assumed to Net	5.20%	5.20%	5.40%
Gross Amount	$ 36,193	$ 31,623	$ 29,091
Ceded to Other Companies	2,303	2,377	2,287
Assumed from Other Companies	4,129	5,581	4,336
Premiums	$ 38,019	$ 34,827	$ 31,140
Percentage of Amount Assumed to Net	10.90%	16%	13.90%
Life Insurance
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 33,367	$ 28,637	$ 26,197
Ceded to Other Companies	2,216	2,289	2,199
Assumed from Other Companies	4,129	5,581	4,336
Premiums	$ 35,280	$ 31,929	$ 28,334
Percentage of Amount Assumed to Net	11.70%	17.50%	15.30%
Accident and Health Insurance
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 2,826	$ 2,986	$ 2,894
Ceded to Other Companies	87	88	88
Assumed from Other Companies	0	0	0
Premiums	$ 2,739	$ 2,898	$ 2,806
Percentage of Amount Assumed to Net	0%	0%	0%