Prudential Financial (PRU) 10-Q4 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2023	Apr. 30, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-16707
Entity Registrant Name	Prudential Financial, Inc.
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		365,000,000
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001137774
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
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 Notes
Document Information [Line Items]
Title of 12(b) Security	4.125% Junior Subordinated Notes
Trading Symbol	PFH
Security Exchange Name	NYSE

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
ASSETS
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2023-$192; 2022-$138) (amortized cost: 2023-$332,640; 2022-$335,447)	[1]	$ 320,512	$ 307,719
Fixed maturities, held-to-maturity, at amortized cost, net of allowance for credit losses (allowance for credit losses: 2023-$4; 2022-$2) (fair value: 2023-$1,679; 2022-$1,455)	[1]	1,277	1,296
Fixed maturities, trading, at fair value (amortized cost: 2023-$8,262; 2022-$7,303)	[1]	6,269	5,951
Assets supporting experience-rated contractholder liabilities, at fair value		2,958	2,844
Equity securities, at fair value (cost: 2023-$4,872; 2022-$5,306)	[1]	7,573	7,150
Commercial mortgage and other loans (net of $121 and $203 allowance for credit losses; includes $241 and $137 of loans measured at fair value under the fair value option at March 31, 2023 and December 31, 2022, respectively)	[1]	56,778	56,745
Policy loans		10,041	10,046
Other invested assets (net of $2 and $1 allowance for credit losses; includes $7,209 and $5,682 of assets measured at fair value at March 31, 2023 and December 31, 2022, respectively)	[1]	21,491	21,099
Short-term investments (net of allowance for credit losses: 2023-$7; 2022-$6)		5,177	4,591
Total investments		432,076	417,441
Cash and cash equivalents	[1]	17,425	17,251
Accrued investment income	[1]	3,095	3,012
Deferred policy acquisition costs		20,741	20,546	[2]
Value of business acquired		601	621	[2]
Market risk benefit assets		976	800	[2]
Other assets (net of allowance for credit losses: 2023-$20; 2022-$26)	[1]	32,061	31,679	[2]
Separate account assets		202,294	197,679
TOTAL ASSETS		709,269	689,029
LIABILITIES
Future policy benefits		273,586	261,773	[2]
Policyholders’ account balances		138,139	135,624	[2]
Market risk benefit liabilities		6,096	5,864	[2]
Policyholders’ dividends		1,487	694
Securities sold under agreements to repurchase		6,617	6,589
Cash collateral for loaned securities		5,975	6,100
Income taxes		517	277	[2]
Short-term debt		705	775
Long-term debt		20,451	19,908
Other liabilities (including allowance for credit losses: 2023-$19; 2022-$18 )	[1]	20,540	21,824	[2]
Notes issued by consolidated variable interest entities	[1]	415	374
Separate account liabilities		202,294	197,679
Total liabilities		676,822	657,481
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 20)
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 March 31, 2023 and December 31, 2022)		6	6
Additional paid-in capital		25,643	25,747
Common Stock held in treasury, at cost (300,443,223 and 300,342,458 shares at March 31, 2023 and December 31, 2022, respectively)		(23,147)	(23,068)
Accumulated other comprehensive income (loss)		(3,825)	(3,806)	[2]
Retained earnings		32,708	31,714	[2]
Total Prudential Financial, Inc. equity		31,385	30,593
Noncontrolling interests		1,062	955
Total equity		32,447	31,548	[3]
TOTAL LIABILITIES AND EQUITY		709,269	689,029
Consolidated VIEs for Which the Company is the Investment Manager
ASSETS
TOTAL ASSETS		5,796	5,557
LIABILITIES
Total liabilities		833	763
Notes issued by consolidated VIEs \| Consolidated VIEs for Which the Company is the Investment Manager
LIABILITIES
Total liabilities		$ 415	$ 374

[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Fixed Maturities, AFS, allowance for credit losses		$ 269	$ 138
Fixed Maturities, available-for-sale, Amortized Cost		338,604	335,447
Fixed Maturities, HTM, allowance for credit losses		2	2
Fixed Maturities, Held-to maturity, Fair Value		1,449	1,455
Fixed maturities, trading, amortized cost		7,427	7,303
Equity securities, AFS, amortized cost		5,432	5,306
Commercial mortgage and other loans, allowance for credit losses		221	203
Commercial mortgage and other loans	[1]	56,778	56,745
Other invested assets, allowance for credit losses	[1]	21,491	21,099
Other invested assets, at fair value		6,117	5,682
Other liabilities, allowance for credit losses	[1]	$ 20,540	$ 21,824	[2]
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		300,443,223	300,342,458
Fair value option
Commercial mortgage and other loans		$ 257	$ 137
Leveraged lease loans
Other invested assets, allowance for credit losses		1	1
ASU 2016-13
Short-term investments, allowance for credit losses		7	6
Other assets, allowance for credit losses		26	26
Other liabilities, allowance for credit losses		$ 17	$ 18

[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_3

Unaudited Interim Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
REVENUES
Premiums (includes 2023-$16 and 2022-$55 for gain (loss) from changes in estimates on deferred profit liability amortization)	$ 9,363	$ 7,689	[1]
Policy charges and fee income	1,134	1,299	[1]
Net investment income	4,320	4,358
Asset management and service fees	917	1,133
Other income (loss)	1,019	(1,310)	[1]
Realized investment gains (losses), net	217	(1,044)	[1],[2]
Change in value of market risk benefits, net of related hedging gain	75	(270)	[1],[2]
Total revenues	17,045	11,855
BENEFITS AND EXPENSES
Policyholders’ benefits	10,304	8,775	[1]
Reclassified to “Liabilities held-for-sale”	25	(145)	[1]
Interest credited	981	60	[1]
Dividends to policyholders	319	235
Amortization of deferred policy acquisition costs	365	371	[1]
General and administrative expenses	3,204	3,217	[3]
Total benefits and expenses	15,198	12,513
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,847	(658)
Total income tax expense (benefit)	382	(144)	[1]
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,465	(514)
Equity in earnings of operating joint ventures, net of taxes	12	8
NET INCOME (LOSS)	1,477	(506)	[2]
Less: Income (loss) attributable to noncontrolling interests	15	(13)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ 1,462	$ (493)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.94	$ (1.33)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.93	$ (1.33)

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_4

Unaudited Interim Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ 1,477	$ (506)	[1]
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments for the period	13	(389)	[2]
Net unrealized investment gains (losses)	8,379	(22,833)	[2]
Interest rate remeasurement of future policy benefits	(8,705)	23,589	[2]
Gain (loss) from changes in non-performance risk on market risk benefits	186	1,107	[2]
Defined benefit pension and postretirement unrecognized periodic benefit (cost)	19	65
Total	(108)	1,539
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(90)	599	[2]
Other comprehensive income (loss), net of taxes	(18)	940
Comprehensive income (loss)	1,459	434
Less: Comprehensive income (loss) attributable to noncontrolling interests	16	(14)
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ 1,443	$ 448

[1]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_5

Unaudited Interim Consolidated Statements of Equity - USD ($) $ in Millions		Total		Common Stock	Additional Paid-in Capital	Retained Earnings	Common Stock Held in Treasury Common Stock	Accumulated Other Comprehensive Income (Loss)	Total Prudential Financial, Inc. Equity	Noncontrolling Interests
Balance at Dec. 31, 2021	[1]	$ 30,321		$ 6	$ 25,732	$ 35,183	$ (21,838)	$ (9,494)	$ 29,589	$ 732
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired		(375)					(375)		(375)
Contributions from noncontrolling interests		3								3
Distributions to noncontrolling interests		(21)								(21)
Stock-based compensation programs		89			(73)		162		89
Dividends declared on Common Stock		(462)				(462)			(462)
Comprehensive income:
Net income (loss)		(506)	[2]			(493)			(493)	(13)
Other comprehensive income (loss), net of tax		940						941	941	(1)
Comprehensive income (loss)		434							448	(14)
Balance at Mar. 31, 2022	[1]	29,989		6	25,659	34,228	(22,051)	(8,553)	29,289	700
Balance at Dec. 31, 2022	[3]	31,548		6	25,747	31,714	(23,068)	(3,806)	30,593	955
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired		(250)					(250)		(250)
Contributions from noncontrolling interests		93								93
Distributions to noncontrolling interests		(2)								(2)
Stock-based compensation programs		67			(104)		171		67
Dividends declared on Common Stock		(468)				(468)			(468)
Comprehensive income:
Net income (loss)		1,477				1,462			1,462	15
Other comprehensive income (loss), net of tax		(18)						(19)	(19)	1
Comprehensive income (loss)		1,459							1,443	16
Balance at Mar. 31, 2023		$ 32,447		$ 6	$ 25,643	$ 32,708	$ (23,147)	$ (3,825)	$ 31,385	$ 1,062

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_6

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ 1,477		$ (506)	[1]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net		(217)		1,044	[1],[2]
Change in value of market risk benefits, net of related hedging (gains) losses		(75)		270	[1],[2]
Policy charges and fee income		(540)		(557)	[1]
Interest credited to policyholders’ account balances		981		60	[1]
Depreciation and amortization		41		15	[1]
(Gains) losses on assets supporting experience-rated contractholder liabilities, net		(134)		972
Change in:
Deferred policy acquisition costs		(205)		(201)	[1]
Future policy benefits and other insurance liabilities		1,888		1,221	[1]
Income taxes		357		(158)	[1]
Derivatives, net		(354)		(2,840)	[1]
Other, net		(1,876)		681	[1]
Cash flows from (used in) operating activities		1,343		1
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale		11,178		14,240
Fixed maturities, held-to-maturity		7		9
Fixed maturities, trading		226		530
Assets supporting experience-rated contractholder liabilities		765		9,493
Equity securities		550		1,544
Commercial mortgage and other loans		855		1,337
Policy loans		460		470
Other invested assets		249		481
Short-term investments		6,381		10,486
Payments for the purchase/origination of:
Fixed maturities, available-for-sale		(13,677)		(17,000)
Fixed maturities, trading		(290)		(59)
Assets supporting experience-rated contractholder liabilities		(770)		(9,844)
Equity securities		(550)		(563)
Commercial mortgage and other loans		(737)		(1,472)
Policy loans		(371)		(285)
Other invested assets		(570)		(703)
Short-term investments		(6,837)		(7,658)
Derivatives, net		(104)		(540)
Other, net		(68)		29
Cash flows from (used in) investing activities		(3,303)		495
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholders’ account deposits		6,747		7,980
Policyholders’ account withdrawals		(4,592)		(7,249)
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities		(97)		(374)
Cash dividends paid on Common Stock		(473)		(466)
Net change in financing arrangements (maturities 90 days or less)		38		5
Common Stock acquired		(251)		(364)
Common Stock reissued for exercise of stock options		28		69
Proceeds from the issuance of debt (maturities longer than 90 days)		495		1,024
Repayments of debt (maturities longer than 90 days)		(29)		(60)
Proceeds from notes issued by consolidated VIEs		59		0
Repayments of notes issued by consolidated VIEs		(16)		0
Other, net		220		(139)
Cash flows from (used in) financing activities		2,129		426
Effect of foreign exchange rate changes on cash balances		5		(86)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS INCLUDING BALANCES CLASSIFIED AS HELD-FOR-SALE		174		836
NET CHANGE IN CASH BALANCES CLASSIFIED AS HELD-FOR-SALE		0		(366)	[3]
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS		174		1,202
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF YEAR		17,299		12,934
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, END OF PERIOD		17,473		14,136
HELD-FOR-SALE CLASSIFICATION
Change in assets classified as held-for-sale		0		(11,531)	[1],[3]
Change in liabilities classified as held-for-sale		0		(9,237)	[1],[3]
Change in net assets classified as held-for-sale		0		(2,294)	[1],[3]
NON-CASH TRANSACTIONS DURING THE PERIOD
Treasury Stock shares issued for stock-based compensation programs		264		222
Novation of annuity contracts	[4]	(8)		0
RECONCILIATION TO THE UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Cash and cash equivalents		17,425	[5]	14,086
Restricted cash and restricted cash equivalents (included in “Other assets”)		48		50
Total cash, cash equivalents, restricted cash and restricted cash equivalents		17,473		14,136
Pension Risk Transfer
NON-CASH TRANSACTIONS DURING THE PERIOD
Assets Received, excluding cash and cash equivalents		1,506		502
Liabilities Assumed		2,409		505
Net cash received		$ 903		$ 3

[1]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]See Note 1 for additional information regarding the dispositions.[4]“Cash flows from (used in) operating activities” and “Cash flows from (used in) investing activities” exclude certain 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.

Unaudited Interim Consolidate_7

Unaudited Interim Consolidated Statements of Operations (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Gain (loss) from changes in estimates on deferred profit liability amortization	$ 16,000,000	$ 55,000,000

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
Business and Basis of Presentation	Mar. 31, 2023
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. Effective January 1, 2023, the Company made the following segment reporting changes, which do not impact the Company’s consolidated financial statements: • Based on the write-down of Assurance IQ’s (“AIQ”) goodwill asset, and that its financial results and operations are not considered significant, AIQ no longer represents a separately reportable segment and is now included within the Company’s Corporate and Other operations. • Since Prudential Advisors, the Company’s proprietary nationwide distribution business, is no longer managed through the Individual Life segment and its financial results and operations are not considered significant, it is now included within the Company’s Corporate and Other operations. Historical segment results have been updated to conform to the current period 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 and Individual Life 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 within 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 On January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, which provided new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. See “Adoption of ASU 2018-12” below for additional information regarding this adoption, including the impacts to the Company’s 2022 financial statements from implementing the new accounting standard as well as the transition impacts recorded as of January 1, 2021. See Note 2 for additional details regarding the key policy changes effected by this ASU and updated accounting policies resulting from the adoption of this ASU for all periods presented in the Unaudited Interim Consolidated Financial Statements. The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). The Unaudited Interim 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. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Adoption of ASU 2018-12 In August 2018, the FASB issued ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts which provides new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. The Company adopted this guidance, effective January 1, 2023, using the modified retrospective transition method, where permitted, for changes to the liability for future policy benefits and deferred policy acquisition costs (“DAC”) and related balances, and using the retrospective transition method, as required, for market risk benefits. The Company applied the guidance as of the transition date of January 1, 2021 and retrospectively adjusted prior period amounts shown in the 2023 financial statements to reflect the new guidance. The following tables present amounts as previously reported in 2022, the effect upon those amounts from the adoption of the new guidance under ASU 2018-12, and the adjusted amounts that are reflected in the Unaudited Interim Consolidated Financial Statements included herein. Unaudited Interim Consolidated Statements of Financial Position: December 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) Deferred policy acquisition costs $ 19,537 $ 1,009 $ 20,546 Value of business acquired 595 26 621 Income tax assets 4,214 (4,214) 0 Market risk benefit assets 0 800 800 Other assets 30,188 1,491 31,679 TOTAL ASSETS 689,917 (888) 689,029 Future policy benefits 284,452 (22,679) 261,773 Policyholders' account balances 135,602 22 135,624 Market risk benefit liabilities 0 5,864 5,864 Income taxes 0 277 277 Other liabilities 20,536 1,288 21,824 Total liabilities 672,709 (15,228) 657,481 Accumulated other comprehensive income (loss) (19,827) 16,021 (3,806) Retained earnings 33,392 (1,678) 31,714 Total Prudential Financial, Inc. equity 16,250 14,343 30,593 Noncontrolling interests 958 (3) 955 Total equity 17,208 14,340 31,548 TOTAL LIABILITIES AND EQUITY $ 689,917 $ (888) $ 689,029 Unaudited Interim Consolidated Statements of Operations: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions, except per share amounts) REVENUES Premiums $ 7,952 $ (263) $ 7,689 Policy charges and fee income 1,459 (160) 1,299 Other income (loss) (1,371) 61 (1,310) Realized investment gains (losses), net (316) (728) (1,044) Change in value of market risk benefits, net of related hedging gain 0 (270) (270) Total revenues 13,215 (1,360) 11,855 BENEFITS AND EXPENSES Policyholders' benefits 8,868 (93) 8,775 Change in estimates of liability for future policy benefits 0 (145) (145) Interest credited to policyholders' account balances 169 (109) 60 Amortization of deferred policy acquisition costs 847 (476) 371 General and administrative expenses 3,211 6 3,217 Total benefits and expenses 13,330 (817) 12,513 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (115) (543) (658) Total income tax expense (benefit) (69) (75) (144) INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (46) (468) (514) Equity in earnings of operating joint ventures, net of taxes 2 6 8 NET INCOME (LOSS) (44) (462) (506) NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ (31) $ (462) $ (493) EARNINGS PER SHARE Basic earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (0.10) $ (1.23) $ (1.33) Diluted earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (0.10) $ (1.23) $ (1.33) Unaudited Interim Consolidated Statements of Comprehensive Income: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) NET INCOME (LOSS) $ (44) $ (462) $ (506) Other comprehensive income (loss), before tax: Foreign currency translation adjustments for the period (352) (37) (389) Net unrealized investment gains (losses) (21,770) (1,063) (22,833) Interest rate remeasurement of future policy benefits 0 23,589 23,589 Gain (loss) from changes in non-performance risk on market risk benefits 0 1,107 1,107 Total (22,057) 23,596 1,539 Less: Income tax expense (benefit) related to other comprehensive income (loss) (4,937) 5,536 599 Other comprehensive income (loss), net of taxes (17,120) 18,060 940 Comprehensive income (loss) (17,164) 17,598 434 Comprehensive income (loss) attributable to Prudential Financial, Inc. $ (17,150) $ 17,598 $ 448 Unaudited Interim Consolidated Statements of Cash Flows: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (44) $ (462) $ (506) Adjustments to reconcile net income to net cash provided by operating activities: Realized investment (gains) losses, net 316 728 1,044 Change in value of market risk benefits, net of related hedging (gain) loss 0 270 270 Policy charges and fee income (634) 77 (557) Interest credited to policyholders' account balances 169 (109) 60 Depreciation and amortization 18 (3) 15 Change in: Deferred policy acquisition costs 266 (467) (201) Future policy benefits and other insurance liabilities 1,404 (183) 1,221 Income taxes (83) (75) (158) Derivatives, net (3,000) 160 (2,840) Other, net 617 64 681 Cash flows from (used in) operating activities $ 1 $ 0 $ 1 January 1, 2021 Retained Earnings (in millions) Balance after-tax, prior to transition $ 30,749 Reclassification of market risk benefits non-performance risk to AOCI(1) (1,588) Updates to certain universal life contract liabilities(2) (1,025) Change in non-participating traditional and limited-payment contract liabilities(3) (543) Other (271) Total pre-tax adjustments (3,427) Tax impacts 815 Balance after-tax, after transition $ 28,137 __________ (1) Reflects the cumulative impact of changes in the fair value of market risk benefits (“MRB”) non-performance risk (“NPR”) from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Reflects the impact on additional insurance reserves (“AIR”) and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts in the Individual Life segment. For additional information, see Note 2. (3) Reflects the impact on in-force contract liabilities where expected benefits exceed expected gross premiums and/or exhausts any deferred profit liabilities at any issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of transition date, as well as the impact of flooring the liability for future policy benefits at zero at the issue-year cohort level as of transition date. At transition, there was a pre-tax charge to retained earnings of $402 million for certain issue-year cohorts related to non-participating traditional and limited-payment products where the expected benefits exceeded the expected gross premiums and/or exhausted any deferred profit liabilities. The charge is primarily driven by the loss of the aggregation benefit as sufficiencies in issue-year cohorts cannot offset issue-year cohorts with deficiencies. For additional information regarding the liability for future policy benefits, see Note 2. January 1, 2021 Accumulated Other Comprehensive Income (in millions) Balance after-tax, prior to transition $ 30,738 Unwinding amounts related to unrealized investment gains and losses(1) 5,534 Reclassification of MRB NPR to AOCI(2) 1,588 Interest rate remeasurement of future policy benefits(3) (62,711) Change in operating joint ventures (12) Total pre-tax adjustments (55,601) Tax impacts 13,205 Balance after-tax, after transition $ (11,658) __________ (1) Primarily reflects i) the removal of amounts related to the impact of unrealized investment gains and losses on premium deficiency reserves for non-participating traditional and limited-payment contracts and ii) amounts related to DAC and other balances as unrealized investment gains or losses no longer impact the amortization pattern of such balances under the new guidance. Also includes the impacts from updates to reserves and other related balances for certain universal life contracts. For additional information, see Note 2. (2) Reflects the cumulative impact of changes in NPR on the fair value of market risk benefits from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (3) Reflects the impact of remeasuring in-force non-participating traditional and limited-payment contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates as of January 1, 2021. January 1, 2021 Deferred Policy Acquisition Costs Retirement Strategies Individual Life International Businesses Other Businesses Total Individual Variable Term Life Variable/ Life Gibraltar (in millions) Balance prior to transition $ 4,643 $ 2,417 $ 3,779 $ 4,278 $ 3,390 $ 520 $ 19,027 Unwinding amounts related to unrealized investment gains and losses and other activity 273 0 450 337 570 106 1,736 Balance after transition $ 4,916 $ 2,417 $ 4,229 $ 4,615 $ 3,960 $ 626 $ 20,763 January 1, 2021 Deferred Sales Inducements(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Balance prior to transition $ 781 $ 39 $ 820 Unwinding amounts related to unrealized investment gains and losses 85 2 87 Balance after transition $ 866 $ 41 $ 907 __________ (1) Deferred sales inducements (“DSI”) are included in “Other assets”. January 1, 2021 Value of Business Acquired International Businesses Other Businesses(1) Total Gibraltar Life and Other (in millions) Balance prior to transition $ 852 $ 251 $ 1,103 Unwinding amounts related to unrealized investment gains and losses and other activity 59 1 60 Balance after transition $ 911 $ 252 $ 1,163 __________ (1) Primarily represents value of business acquired (“VOBA”) for the Full Service Retirement business. January 1, 2021 Benefit Reserves(1) Retirement Strategies Individual International Businesses Corporate and Other Other Businesses(2) Total Institutional Term Life Gibraltar Long- (in millions) Balance prior to transition $ 65,383 $ 7,887 $ 51,607 $ 69,542 $ 7,975 $ 6,624 $ 209,018 Changes in cash flow assumptions and other activity (3,805) 0 10 (523) (18) 1 (4,335) Balance after transition, at original discount rate 61,578 7,887 51,617 69,019 7,957 6,625 204,683 Cumulative changes in discount rate assumptions and other activity 13,548 2,662 22,590 13,784 4,905 5,381 62,870 Balance after transition, at current discount rate 75,126 10,549 74,207 82,803 12,862 12,006 267,553 Less: Reinsurance recoverable 0 799 160 307 0 13 1,279 Balance after transition, net of reinsurance recoverable $ 75,126 $ 9,750 $ 74,047 $ 82,496 $ 12,862 $ 11,993 $ 266,274 __________ (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. (2) Primarily represents benefit reserves related to the Prudential of Taiwan business that was sold in the second quarter of 2021. The Company did not choose to apply ASU 2022-05 to this disposal transaction. See Note 2 for additional information. January 1, 2021 Deferred Profit Liability(1) Retirement Strategies International Businesses Other Businesses Total Institutional Life Planner Gibraltar Life and Other (in millions) Balance prior to transition $ 1,315 $ 1,964 $ 3,746 $ 349 $ 7,374 Changes in benefit reserves 3,801 110 730 148 4,789 Balance after transition 5,116 2,074 4,476 497 12,163 Less: Reinsurance recoverable 0 7 15 0 22 Balance after transition, net of reinsurance recoverable $ 5,116 $ 2,067 $ 4,461 $ 497 $ 12,141 __________ (1) Deferred profit liability (“DPL”), excluding amounts for reinsurance recoverable, is included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Additional Insurance Reserves(1) Retirement Strategies Individual Life Other Businesses Total Individual Variable Variable/ Universal Life (in millions) Balance prior to transition $ 889 $ 9,415 $ 483 $ 10,787 Unwinding amounts related to unrealized investment gains and losses (65) (1,444) (106) (1,615) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 824 7,971 377 9,172 Reclassification of future policy benefits AIR to MRB (824) 0 (92) (916) Reclassification of policyholders’ account balances AIR to MRB 0 0 (48) (48) Updates to certain universal life contract liabilities(2) 0 1,772 7 1,779 Change in discount rate for annuitization benefits 0 0 116 116 Balance after transition, excluding amounts related to unrealized investment gains and losses 0 9,743 360 10,103 Amounts related to unrealized investment gains and losses after transition 0 1,186 0 1,186 Balance after transition 0 10,929 360 11,289 Less: Reinsurance recoverable 0 4,387 0 4,387 Balance after transition, net of reinsurance recoverable $ 0 $ 6,542 $ 360 $ 6,902 __________ (1) Additional insurance reserves (“AIR”), excluding amounts for reinsurance recoverable, are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. January 1, 2021 Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability(1) Individual Life Other Businesses Total (in millions) Balance prior to transition $ 1,823 $ 6 $ 1,829 Unwinding amounts related to unrealized investment gains and losses (1,149) 0 (1,149) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 674 6 680 Derecognizing LRR & PFL (674) 0 (674) Balance after transition, excluding amounts related to unrealized investment gains and losses 0 6 6 Amounts related to unrealized investment gains and losses after transition 1,018 0 1,018 Balance after transition $ 1,018 $ 6 $ 1,024 __________ (1) Universal life loss recognition reserves (“LRR”) / profit followed by losses liability (“PFL”) are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Non-Participating Traditional and Limited-Payment Loss Recognition Reserves/Profit Followed by Losses Liability(1) Retirement Strategies International Businesses Corporate and Other Other Businesses Total Institutional Life Planner Gibraltar Life and Other Long- Term Care (in millions) Balance prior to transition $ 1,985 $ 181 $ 670 $ 734 $ 145 $ 3,715 Unwinding amounts related to unrealized investment gains and losses (1,985) (169) (670) (734) (105) (3,663) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 0 12 0 0 40 52 Derecognizing LRR & PFL 0 (12) 0 0 (40) (52) Balance after transition $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) Prior to the adoption of ASU 2018-12, non-participating traditional and limited-payment loss recognition reserves / profit followed by losses liabilities were included in “Future policy benefits”. January 1, 2021 Terminal Dividend Liability(1) Individual Life Closed Block Division Total Variable/ Universal Life Term Life (in millions) Balance prior to transition $ 212 $ 4 $ 375 $ 591 Unwinding amounts related to unrealized investment gains and losses and other activity (11) 0 0 (11) Balance after transition 201 4 375 580 Less: Reinsurance recoverable 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 201 $ 4 $ 375 $ 580 __________ (1) Terminal dividend liability is included in “Future policy benefits”. January 1, 2021 Unearned Revenue Reserves(1) Individual Life International Businesses Variable/Universal Life Life Planner Gibraltar Life and Other Corporate and Other Other Businesses Total (in millions) Balance prior to transition $ 2,204 $ 161 $ 45 $ 152 $ 30 $ 2,592 Unwinding amounts related to unrealized investment gains and losses and other activity 539 2 5 38 0 584 Balance after transition 2,743 163 50 190 30 3,176 Less: Reinsurance recoverable 0 0 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 2,743 $ 163 $ 50 $ 190 $ 30 $ 3,176 __________ (1) Unearned revenue reserves (“URR”) are included in “Policyholders' account balances”. January 1, 2021 Market Risk Benefits(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Liability for guaranteed benefits recorded at fair value, prior to transition $ 18,731 $ 148 $ 18,879 AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses 824 140 964 Total liability prior to transition 19,555 288 19,843 Change in reserve basis to MRB framework 122 98 220 MRB after transition, at current NPR value 19,677 386 20,063 Less: Reinsured MRB 204 7 211 MRB after transition, net of reinsurance 19,473 379 19,852 MRB after transition, at contract inception NPR value 21,259 392 21,651 Cumulative change in NPR 1,582 6 1,588 MRB after transition, at current NPR value $ 19,677 $ 386 $ 20,063 __________ (1) For additional information regarding market risk benefits, see Note 11. January 1, 2021 Cost of Reinsurance(1) Individual Life Variable/Universal Life (in millions) Balance prior to transition $ 3,058 Unwinding amounts related to unrealized investment gains and losses (659) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 2,399 Impact from updates to certain universal life contract liabilities(2) 860 Balance after transition, excluding amounts related to unrealized investment gains and losses 3,259 Amounts related to unrealized investment gains and losses after transition 580 Balance after transition $ 3,839 _________ (1) Cost of reinsurance is included in “Other liabilities.” (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. 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 future policy benefits; 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; market risk benefits; the measurement of goodwill and any related impairment; the valuation of investments including derivatives, the measurement of allowance for credit losses, and the recognition of other-than-temporary impairments (“OTTI”); pension and other postretirement benefits; any 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 Certain amounts in prior periods have been reclassified for reasons unrelated to the adoption of ASU 2018-12 to conform to the current period presentation. 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 $1,448 million within “Other income”, which is included in adjusted operating income within the Retirement Strategies segment. 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 $650 million, composed of (i) an $850 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 was 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, 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. The Full Service Retirement business generated a pre-tax loss of $218 million for the three months ended March 31, 2022. This amount excludes the impact of overhead costs retained in the Company’s Corporate and Other operations and not transferred to Great-West.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	3 Months Ended
Significant Accounting Policies and Pronouncements	Mar. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of ASUs to the FASB Accounting Standards Codification (“ASC”). The Company considers the applicability and impact of all ASUs. ASUs listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of March 31, 2023, and as of the date of this filing. ASUs not listed below were assessed and determined to be either not applicable or not material. Adoption of ASU 2018-12 Effective January 1, 2023, the Company adopted ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . Adoption of this ASU impacted, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company and had a significant financial impact on the Consolidated Financial Statements and disclosures. See Note 1 for additional information. As of the January 1, 2021 transition date, the adoption of the standard resulted in a decrease to “Retained earnings” of $2.6 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”) as well as from a net increase in additional insurance reserves and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts. AOCI decreased $42.4 billion as of the January 1, 2021 transition date largely from remeasuring in force contract liabilities using upper-medium grade fixed income instrument yields as of the transition date. As of the January 1, 2023 adoption date, the impacts amounted to a decrease to “Retained earnings” of $1.7 billion and an increase to AOCI of $16.0 billion. The changes in the impacts from January 1, 2021 to January 1, 2023 primarily reflect the increase in interest rates during 2021 and 2022. Outlined below are: (1) key accounting policy changes effected by the ASU and (2) updated accounting policies for all of the periods presented in the Unaudited Interim Consolidated Financial Statements. (1) Key Accounting Policy Changes Area of Change 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-payment 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. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021 (the “transition date”). Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. The impact upon transition reflects the impact on in-force contract liabilities in instances where expected net premiums exceeded expected gross premiums at an issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of the transition date. As a result of the modified retrospective transition method, the vast majority of the impact of updating cash flow assumptions to best estimates as of the transition date will be reflected in the pattern of earnings in subsequent periods. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires discount rate assumptions to be based on upper-medium grade fixed income instrument yields, 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, the guidance for the liability for future policy benefits was adopted effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, for balance sheet remeasurement purposes, the liability for future policy benefits is remeasured using discount rates as of January 1, 2021 with the impact recorded as a cumulative effect adjustment to AOCI. Adoption of the ASU resulted in a significant impact to AOCI as a result of remeasuring in-force contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. 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. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. Adoption of the ASU did not have a significant impact on DAC and other balances upon transition, other than the impact of the removal of any related amounts in AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 7 for additional information. 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 the fair value of market risk benefits are recorded in net income, except for the portion attributable to changes in an entity’s NPR, which is recognized in OCI. 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. Effective January 1, 2023 using the retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Adoption of the ASU resulted in an adjustment to retained earnings for the difference between the fair value and carrying value of benefits not measured at fair value prior to the adoption of the ASU (e.g., guaranteed minimum death benefits on variable annuities) and a reclass of the cumulative effect of changes in NPR from retained earnings to AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 11 for additional information. In addition to the significant key accounting changes noted above, ASU 2018-12 also clarified the definition of assessments used to accrue additional insurance reserves and other related balances, primarily for no-lapse guarantee features on certain universal life contracts in the Individual Life segment. Application of the new guidance changed the pattern of reserve recognition for these guarantees and resulted in an increase to the net contract liabilities related to these products at transition. See Note 1 for additional information regarding the effect on the financial statements. 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 did not choose to apply this accounting policy election to any of its eligible sale or disposal transactions. (2) Updated Accounting Policies This section includes the updated accounting policies resulting from the adoption of ASU 2018-12, which are applicable to all of the periods presented in the Unaudited Interim Consolidated Financial Statements. This section is meant to serve as an update to, and should be read in conjunction with, Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. ASSETS Deferred policy acquisition costs (“DAC”) represents costs directly related to the successful acquisition of new and renewal insurance and annuity business. 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, previously capitalized DAC is amortized and included in “Amortization of deferred policy acquisition costs”, and the carrying amount of DAC is not subject to recoverability testing upon adoption of the ASU. DAC is amortized on a constant-level basis at a grouped contract level over the expected life of the underlying insurance contracts. Contracts are grouped consistent with the groupings used to estimate the liability for future policy benefits (or other related balances) for the corresponding contracts. Since contracts within a grouping may be of different sizes, contracts within a group are weighted to achieve appropriate amortization and to ensure that DAC is derecognized when a policy is no longer in force. The constant-level basis used to weight contracts within a grouping and amortize DAC is generally defined as follows: • Life insurance contracts – DAC associated with life insurance contracts is generally amortized in proportion to the initial face amount of life insurance in force. This is applicable to traditional and universal life insurance products in the Individual Life and International Insurance segments and Closed Block division, and group corporate- and bank-owned life insurance contracts in the Group Insurance segment. • Payout annuity contracts – DAC associated with payout annuity contracts in the Retirement Strategies segment is amortized in proportion to annual benefit payments. • Deferred annuity contracts – DAC associated with fixed and variable deferred annuity contracts in the Retirement Strategies and International Insurance segments is amortized in proportion to deposits. • Health contracts – DAC associated with health contracts in the International Insurance segment is generally amortized in proportion to maximum lifetime benefits. For funding agreement note 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. Current period DAC amortization reflects the impact of changes in actual insurance in force during the period and changes in future assumptions effected as of the end of the quarter, where applicable. The Company typically updates actuarial assumptions annually in the second quarter (see “Annual Assumptions Review” below), unless a material change is observed in an interim period that is indicative of a long-term trend. Generally, the Company does not expect trends to change significantly in the short-term and, to the extent these trends may change, the Company expects such changes to be gradual over the long-term. Assumptions used for DAC are consistent with those used in estimating the liability for future policy benefits (or any other related balance) for the corresponding contract. Determining the level of aggregation and actuarial assumptions used in projecting in-force terminations requires judgment. Internal criteria are developed to determine the level of aggregation by considering both qualitative and quantitative materiality thresholds. The assumptions used in projecting in-force terminations are mortality, mortality improvement, and lapse assumptions. These assumptions are generally based on the Company’s experience, industry experience and/or other factors, as applicable. For variable deferred annuity contracts, lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefits 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 are also generally assumed to be lower for the period where surrender charges apply. 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 non-integrated 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 (“VOBA”) 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 March 31, 2023, the majority of the VOBA balance relates to the 2011 acquisition of AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (collectively, the “Star and Edison Businesses”). The Company records amortization of VOBA in “General and administrative expenses” and amortizes it over the anticipated life of the acquired contracts using the same methodology, factors, and assumptions used to amortize DAC and deferred sales inducements (“DSI”). See Note 7 for additional information regarding VOBA. Market risk benefits (“MRB”) in an asset position are presented separately from market risk benefits in a liability position. See “Market risk benefits” below. Other assets consists primarily of prepaid pension benefit costs, 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. Deferred Sales Inducements are amounts that are credited to a policyholders’ account balance primarily as an inducement to purchase fixed and/or variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology, factors and assumptions used to amortize DAC. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” Unlike DAC, DSI are considered contractual cash flows and, as a result, are subject to periodic recoverability testing. See Note 7 for additional information regarding DSI. 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 8 for additional information regarding separate account arrangements with contractual guarantees. See also “Separate account liabilities” below. LIABILITIES Future policy benefits is primarily comprised of the present value of expected 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 expected future net premiums (where net premiums are gross premiums multiplied by the Net-To-Gross (“NTG”) ratio discussed below). The liability for future policy benefits is accrued over time as premium revenue is recognized. See Note 9 for additional information regarding future policy benefits. The reserving methodology used for non-participating traditional and limited-payment contracts include the following: • Cash Flow Assumptions . In measuring the liability for future policy benefits, the net premium valuation methodology is utilized. Under this methodology, a liability for future policy benefits is established using current best estimate insurance assumptions and interest rate assumptions locked-in at contract issuance date. The NTG ratio is calculated as the ratio of the present value of expected policy benefits and non-level claim settlement expenses divided by the present value of expected gross premiums. The NTG ratio is applied to gross premiums, as premium revenue is recognized, to determine net premiums. The liability is then determined as the present value of expected future policy benefits and non-level claim settlement expenses less the present value of expected future net premiums. For purposes of liability measurement, contracts are grouped into cohorts based primarily on issue year, reportable segment and major product line. The NTG ratio is generally updated quarterly for actual experience and annually for future cash flow assumption updates during the Company’s annual assumptions review process in the second quarter of each year unless a material change is observed in an interim period that is indicative of a long-term trend (see “Annual Assumptions Review” below), and with the exception of claim settlement expense assumptions which the Company has made an entity-wide election to lock-in as of contract issuance. The NTG ratio is subject to a retrospective unlocking method whereby the Company updates its best estimate of cash flows expected over the life of the cohort using actual historical experience and updated future cash flow assumptions. These updated cash flows are used to calculate the revised NTG ratio, which is used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. The updated liability for future policy benefit amount as of the beginning of the quarter is then compared to the carrying amount of the liability as of that same date, before the updates for actual experience or future cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss that is recorded through current period earnings in “Change in estimates of liability for future policy benefits.” In subsequent periods, the revised NTG ratio is used to measure the liability for future policy benefits, subject to future revisions. If a cohort is in a loss position where 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 non-level claim settlement expenses, the NTG ratio is capped at 100%. In these instances, all changes in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately. While the liability for future policy benefits cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”), the NTG ratio may be negative. This would be the case whereby conditions have improved such that the present value of future net premiums plus the existing liability for future policy benefits as of the valuation date exceed the present value of expected future policy benefits and non-level claim settlement expenses. In this case, the negative NTG ratio would be applied going forward to gross premiums received, effectively amortizing the gain into income and reducing the liability over time. In addition, for limited-payment contracts, the liability for future policy benefits also includes a Deferred Profit Liability (“DPL”) representing gross premiums received in excess of net premiums and is generally recognized in revenue in a constant relationship with insurance in force for life contracts or with the amount of expected future benefit payments for annuity contracts. The DPL is subject to a retrospective unlocking adjustment consistent with the liability for future policy benefits discussed above. The DPL cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”). For contracts issued prior to January 1, 2021, the modified retrospective transition method was used to transition to ASU 2018-12. Under this method, the transition date of January 1, 2021 serves as the new issue date of the contracts in force for purposes of retrospectively unlocking the NTG ratio and DPL, as described above. • Discount Rate Assumption. The locked-in discount rate is generally based on expected investment returns at contract inception for contracts issued prior to January 1, 2021 and the upper medium grade fixed income corporate instrument yield (i.e., global single A) at contract inception for contracts issued after January 1, 2021. The discount rate in effect at contract inception is locked-in for the calculation of the NTG ratio and accretion of interest cost on the liability through net income. However, for balance sheet remeasurement purposes, the discount rate is updated using the current single A rate at each reporting period, with the effect on the liability resulting from such update recorded in “Interest rate remeasurement of future policy benefits” in OCI. The methodology used in constructing the single A discount rate curve for discounting cash flows used to calculate the liability for future policy benefits is intended to be reflective of the characteristics of the applicable insurance liabilities. The single A discount rate curve is developed by reference to upper medium grade (low credit risk) fixed income instrument yields that reflect the duration characteristics of the applicable insurance liabilities. The single A discount curve for the United States and foreign economies, such as Japan, with observable corporate A spreads, is developed using government bond rates, plus globally equivalent public corporate A spreads in the observable periods. The definition of upper medium grade is based on Moody’s definition which includes the spectrum of A (i.e., A- to A+). The rate used in foreign operations (with the exception of certain emerging markets, as discussed below) is based on the equivalent of a single A rate from a global rating agency for corporate bonds issued in the same currency and country in which the insurance contract is written. Liquidity is considered in defining the observable period and linear extrapolation is performed to the Company’s ultimate long-term economic assumptions. See “Annual Assumptions Review” below for further discussion regarding the Company’s long-term economic assumption setting process. The Company has foreign currency denominated insurance obligations to policyholders in certain emerging markets where there is limited or no observable market data on upper medium grade (low credit risk) fixed income instrument yields. As a proxy for the upper medium grade fixed income instrument yield, the Company estimates an equivalent global single A yield in the currency of the emerging economy by converting a global single A U.S. dollar bond yield curve based on the relationship between market observable U.S. Treasury and foreign sovereign yield curves of similar duration as the insurance liability cash flows. The derived global single A curves in the foreign currency are evaluated against available evidence of observable global single A corporate bond rates in similar emerging economies. The Company uses interpolation and extrapolation techniques to complete the discount rate construction for the duration of the insurance liabilities to calculate the liability for future policy benefits denominated in the local currencies. The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain long-duration life contracts, such as no-lapse guarantee contract features (Additional Insurance Reserves or “AIR” liability), for which a liability is established when associated assessments are recognized (which include investment margin on policyholders’ account balances in the general account and all policy charges including charges for administration, mortality, expense, surrender and other charges). This liability is established using current best estimate assumptions and is based on the ratio of the present value of total expected excess payments (i.e., 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). For universal life type contracts and participating contracts, the Company performs premium deficiency tests using best estimate assumptions as of the testing date. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves including URR, net of reinsurance, and any DSI or VOBA asset), the existing net reserves are adjusted by first reducing these assets by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than these asset balances for insurance contracts, the net reserves are increased by the excess through a charge to current period earnings included in “policyholders’ benefits”. Since investment yields are used as the discount rate, the premium deficiency test is also performed using a discount rate based on the market yield (i.e., assuming what would be the impact if any unrealized gains (losses) were realized as of the testing date). In the event that by using the market yield a deficiency occurs, an adjustment is established for the deficiency and is included in AOCI. In certain instances, for universal life type contracts and participating contracts, 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 predominately 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. 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. 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. The unearned revenue liability represents policy charges for services to be provided in future periods. The charges are deferred as incurred and are generally amortized over the expected life of the contract using the same methodology, factors, and assumption used to amortize DAC. See Note 10 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. Market risk benefit liabilities (or assets ) represents contracts or contract features that provide protection to

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2023
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: March 31, 2023 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 $ 29,054 $ 1,399 $ 3,387 $ 0 $ 27,066 Obligations of U.S. states and their political subdivisions 10,122 311 511 0 9,922 Foreign government bonds 75,080 5,547 3,438 62 77,127 U.S. public corporate securities 102,895 1,694 11,016 77 93,496 U.S. private corporate securities(1) 39,661 584 2,764 36 37,445 Foreign public corporate securities 22,167 483 1,558 53 21,039 Foreign private corporate securities 32,706 249 4,367 40 28,548 Asset-backed securities(2) 13,035 183 228 1 12,989 Commercial mortgage-backed securities 11,251 5 844 0 10,412 Residential mortgage-backed securities(3) 2,633 26 191 0 2,468 Total fixed maturities, available-for-sale(1) $ 338,604 $ 10,481 $ 28,304 $ 269 $ 320,512 March 31, 2023 Amortized Gross Gross Fair Allowance for Credit Losses Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 718 $ 139 $ 0 $ 857 $ 0 $ 718 Foreign public corporate securities 426 24 0 450 2 424 Residential mortgage-backed securities(3) 135 7 0 142 0 135 Total fixed maturities, held-to-maturity(4) $ 1,279 $ 170 $ 0 $ 1,449 $ 2 $ 1,277 __________ (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, auto loans, education 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, 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 for Credit Losses Amortized (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 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 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. 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: March 31, 2023 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 $ 5,861 $ 290 $ 10,732 $ 3,097 $ 16,593 $ 3,387 Obligations of U.S. states and their political subdivisions 2,151 72 2,879 439 5,030 511 Foreign government bonds 2,397 99 21,059 3,324 23,456 3,423 U.S. public corporate securities 21,422 887 51,026 10,121 72,448 11,008 U.S. private corporate securities 10,019 450 20,443 2,314 30,462 2,764 Foreign public corporate securities 4,232 114 9,222 1,418 13,454 1,532 Foreign private corporate securities 5,305 486 19,278 3,878 24,583 4,364 Asset-backed securities 1,960 27 7,610 201 9,570 228 Commercial mortgage-backed securities 2,683 204 7,440 640 10,123 844 Residential mortgage-backed securities 535 23 1,220 166 1,755 189 Total fixed maturities, available-for-sale $ 56,565 $ 2,652 $ 150,909 $ 25,598 $ 207,474 $ 28,250 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 As of March 31, 2023 and December 31, 2022, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance were composed of $26,542 million and $33,778 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 $1,708 million and $2,166 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of March 31, 2023, the $25,598 million of gross unrealized losses of twelve months or more were concentrated in the finance, consumer non-cyclical and utility sectors within corporate securities and foreign government securities. As of December 31, 2022, the $15,668 million of gross unrealized losses of twelve months or more were concentrated in consumer non-cyclical, finance and utility sectors within corporate securities and foreign government securities. In accordance with its policy described in Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at March 31, 2023. 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 March 31, 2023, 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: March 31, 2023 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost, Net of Allowance Fair Value (in millions) Fixed maturities: Due in one year or less $ 13,660 $ 13,628 $ 0 $ 0 Due after one year through five years 52,864 51,798 425 450 Due after five years through ten years 62,703 61,453 15 16 Due after ten years(1) 182,458 167,764 702 841 Asset-backed securities 13,035 12,989 0 0 Commercial mortgage-backed securities 11,251 10,412 0 0 Residential mortgage-backed securities 2,633 2,468 135 142 Total $ 338,604 $ 320,512 $ 1,277 $ 1,449 __________ (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: Three Months Ended 2023 2022 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 7,350 $ 9,083 Proceeds from maturities/prepayments 3,988 5,305 Gross investment gains from sales and maturities 290 242 Gross investment losses from sales and maturities (305) (570) Write-downs recognized in earnings(2) (9) (6) (Addition to) release of allowance for credit losses (131) (77) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 7 $ 9 (Addition to) release of allowance for credit losses 0 0 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(160) million and $(148) million for the three months ended March 31, 2023 and 2022, respectively. (2) Amounts represent write-downs on credit adverse securities and securities actively marketed for sale. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of less than $1 million for both the three months ended March 31, 2023 and 2022. The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Three Months Ended March 31, 2023 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 $ 1 $ 136 $ 1 $ 0 $ 0 $ 138 Additions to allowance for credit losses not previously recorded 0 62 75 0 0 0 137 Reductions for securities sold during the period 0 0 (40) 0 0 0 (40) Reductions for securities with intent to sell 0 0 0 0 0 0 0 Additions (reductions) on securities with previous allowance 0 (1) 35 0 0 0 34 Balance, end of period $ 0 $ 62 $ 206 $ 1 $ 0 $ 0 $ 269 Three Months Ended March 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 10 62 0 0 0 72 Reductions for securities sold during the period 0 (2) (28) 0 0 0 (30) Reductions for securities with intent to sell 0 (4) 0 0 0 0 (4) Additions (reductions) on securities with previous allowance 0 1 38 0 0 0 39 Reclassified to / (from) “Assets held-for-sale”(1) 0 0 1 0 0 0 1 Balance, end of period $ 0 $ 12 $ 180 $ 0 $ 0 $ 0 $ 192 __________ (1) See Note 1 for additional information. Three Months Ended March 31, 2023 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 $ 2 $ 0 $ 0 $ 0 $ 2 Current period provision for expected losses 0 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Three Months Ended March 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 0 0 0 0 0 Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 4 $ 0 $ 0 $ 0 $ 4 For additional information regarding the Company’s methodology for developing its allowance and expected losses, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. For the three months ended March 31, 2023, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions in the communications and finance sectors within corporate securities as well as foreign government securities due to adverse projected cash flows. Partially offsetting the additions was a net release within the utility and capital goods sectors within corporate securities. For the three months ended March 31, 2022, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions in the communications, utility and foreign agency 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 March 31, 2023 or December 31, 2022. 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: March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Short-term investments and cash equivalents $ 0 $ 0 $ 0 $ 0 Fixed maturities: Corporate securities 90 88 91 88 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Asset-backed securities 0 0 0 0 Foreign government bonds 663 658 705 668 U.S. government authorities and agencies and obligations of U.S. states 188 192 188 189 Total fixed maturities(1) 941 938 984 945 Equity securities 1,651 2,020 1,628 1,899 Total assets supporting experience-rated contractholder liabilities(2) $ 2,592 $ 2,958 $ 2,612 $ 2,844 __________ (1) As a percentage of amortized cost, 98% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both March 31, 2023 and December 31, 2022. (2) As a percentage of amortized cost 100% of the portfolio consisted of public securities, as of both March 31, 2023 and December 31, 2022. 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 $134 million and $(972) million during the three months ended March 31, 2023 and 2022, 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 $194 million and $(633) million during the three months ended March 31, 2023 and 2022, respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $297 million and $(257) million during the three months ended March 31, 2023 and 2022, 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: March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 65,734 $ 68,307 $ 65,198 $ 64,959 Fixed maturities, held-to-maturity 699 835 706 831 Fixed maturities, trading 19 19 20 19 Assets supporting experience-rated contractholder liabilities 573 570 613 587 Total $ 67,025 $ 69,731 $ 66,537 $ 66,396 March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,685 $ 2,422 $ 2,264 $ 2,010 Short-term investments 65 65 60 61 Cash equivalents 236 236 210 210 Total $ 2,986 $ 2,723 $ 2,534 $ 2,281 Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 8,727 15.5 % $ 9,096 16.2 % Retail 6,108 10.8 6,103 10.8 Apartments/Multi-Family 15,386 27.3 15,381 27.3 Industrial 13,494 23.9 13,079 23.2 Hospitality 2,012 3.6 2,027 3.6 Other 3,790 6.7 3,791 6.7 Total commercial mortgage loans 49,517 87.8 49,477 87.8 Agricultural property loans 6,881 12.2 6,857 12.2 Total commercial mortgage and agricultural property loans 56,398 100.0 % 56,334 100.0 % Allowance for credit losses (220) (201) Total net commercial mortgage and agricultural property loans 56,178 56,133 Other loans: Uncollateralized loans 454 463 Residential property loans 39 43 Other collateralized loans 108 108 Total other loans 601 614 Allowance for credit losses (1) (2) Total net other loans 600 612 Total net commercial mortgage and other loans(1) $ 56,778 $ 56,745 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of March 31, 2023 and December 31, 2022, the net carrying value of these loans were $257 million and $137 million, respectively. As of March 31, 2023, 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 tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2023 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 188 $ 13 $ 0 $ 0 $ 2 $ 203 Addition to (release of) allowance for expected losses 17 2 0 0 0 19 Reduction for loans sold during the period 0 0 0 0 (1) (1) Allowance, end of period $ 205 $ 15 $ 0 $ 0 $ 1 $ 221 Three Months Ended March 31, 2022 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 111 $ 4 $ 0 $ 0 $ 4 $ 119 Addition to (release of) allowance for expected losses (4) 0 0 0 0 (4) Reclassified (to) from “Assets held-for-sale”(1) 6 0 0 0 0 6 Allowance, end of period $ 113 $ 4 $ 0 $ 0 $ 4 $ 121 _________ (1) See Note 1 for additional information. For additional information regarding the Company’s methodology for developing its allowance and expected losses, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. For the three months ended March 31, 2023, the net addition to the allowance for credit losses on commercial mortgage and other loans was due to increases to reserves to reflect declining market conditions and an increase in loan-specific reserves. For the three months ended March 31, 2022, the allowance for credit losses on commercial mortgage and other loans was relatively unchanged. The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: March 31, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 93 $ 857 $ 1,757 $ 1,276 $ 2,831 $ 19,030 $ 0 $ 25,844 60%-69.99% 408 1,977 3,560 1,533 2,766 5,642 0 15,886 70%-79.99% 324 871 1,053 497 1,077 2,076 0 5,898 80% or greater 0 35 26 7 100 1,721 0 1,889 Total $ 825 $ 3,740 $ 6,396 $ 3,313 $ 6,774 $ 28,469 $ 0 $ 49,517 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 749 $ 3,195 $ 6,072 $ 2,998 $ 5,851 $ 24,072 $ 0 $ 42,937 1.0 - 1.2x 2 545 247 125 450 2,645 0 4,014 Less than 1.0x 74 0 77 190 473 1,752 0 2,566 Total $ 825 $ 3,740 $ 6,396 $ 3,313 $ 6,774 $ 28,469 $ 0 $ 49,517 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 92 $ 913 $ 2,002 $ 826 $ 461 $ 1,565 $ 86 $ 5,945 60%-69.99% 17 671 49 5 42 8 0 792 70%-79.99% 0 0 23 20 0 54 0 97 80% or greater 0 0 0 0 0 47 0 47 Total $ 109 $ 1,584 $ 2,074 $ 851 $ 503 $ 1,674 $ 86 $ 6,881 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 109 $ 1,571 $ 2,031 $ 772 $ 502 $ 1,543 $ 86 $ 6,614 1.0 - 1.2x 0 5 43 79 0 71 0 198 Less than 1.0x 0 8 0 0 1 60 0 69 Total $ 109 $ 1,584 $ 2074 $ 851 $ 503 $ 1,674 $ 86 $ 6,881 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 loans 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 For additional information regarding the Company’s commercial mortgage and other loans credit quality monitoring process, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. 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: March 31, 2023 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 49,505 $ 0 $ 0 $ 12 $ 12 $ 49,517 $ 11 Agricultural property loans 6,854 4 11 12 27 6,881 28 Residential property loans 38 1 0 0 1 39 0 Other collateralized loans 108 0 0 0 0 108 0 Uncollateralized loans 454 0 0 0 0 454 25 Total $ 56,959 $ 5 $ 11 $ 24 $ 40 $ 56,999 $ 64 __________ (1) As of March 31, 2023, 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 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. 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 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Loans on non-accrual status recognized interest of less than $1 million for both the three months ended March 31, 2023 and 2022. Loans on non-accrual status that did not have a related allowance for credit losses were $62 million and $27 million as of March 31, 2023 and December 31, 2022, respectively. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2023 December 31, 2022 (in millions) LPs/LLCs: Equity method: Private equity $ 7,538 $ 7,215 Hedge funds 3,041 3,220 Real estate-related 2,564 2,793 Subtotal equity method 13,143 13,228 Fair value: Private equity 1,436 1,476 Hedge funds 2,143 1,908 Real estate-related 293 305 Subtotal fair value 3,872 3,689 Total LPs/LLCs 17,015 16,917 Real estate held through direct ownership(1) 1,860 1,617 Derivative instruments 1,444 1,457 Other(2) 1,172 1,108 Total other invested assets $ 21,491 $ 21,099 _________ (1) As of March 31, 2023 and December 31, 2022, real estate held through direct ownership had mortgage debt of $183 million and $208 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 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2023 December 31, 2022 (in millions) Fixed maturities $ 2,599 $ 2,517 Equity securities 8 6 Commercial mortgage and other loans 187 190 Policy loans 244 253 Other invested assets 17 18 Short-term investments and cash equivalents 40 28 Total accrued investment income $ 3,095 $ 3,012 Write-downs on accrued investment income were less than $1 million and $1 million for the three months ended March 31, 2023 and 2022, respectively. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended 2023 2022 (in millions) Fixed maturities, available-for-sale(1) $ 3,235 $ 2,969 Fixed maturities, held-to-maturity(1) 50 54 Fixed maturities, trading 55 62 Assets supporting experience-rated contractholder liabilities 13 135 Equity securities 40 26 Commercial mortgage and other loans 543 588 Policy loans 124 125 Other invested assets 310 555 Short-term investments and cash equivalents 238 17 Gross investment income 4,608 4,531 Less: investment expenses (288) (173) Net investment income $ 4,320 $ 4,358 __________ (1) Includes income on credit-linked notes which are reported on the same financial statement line items as related surplus notes, as conditions are met for right to offset. Realized Investment Gains (Losses), Net The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended 2023 2022 (in millions) Fixed maturities(1) $ (155) $ (411) Commercial mortgage and other loans (12) 15 Investment real estate 32 6 LPs/LLCs (16) (12) Derivatives 358 (638) Other 10 (4) Realized investment gains (losses), net $ 217 $ (1,044) __________ (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 Investments within AOCI The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: March 31, 2023 December 31, 2022 (in millions) Fixed maturity securities, available-for-sale with an allowance $ (79) $ (45) Fixed maturity securities, available-for-sale without an allowance (17,744) (27,545) Derivatives designated as cash flow hedges(1) 2,344 2,616 Derivatives designated as fair value hedges(1) (74) (54) Other investments(2) 18 2 Net unrealized gains (losses) on investments $ (15,535) $ (25,026) __________ (1) For additional information regarding cash flow and fair value hedges, see Note 5. (2) As of March 31, 2023 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 In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. The following table sets forth the composition of “Securities sold under agreements to repurchase,” as of the dates indicated: March 31, 2023 December 31, 2022 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 $ 6,330 $ 200 $ 50 $ 6,580 $ 6,179 $ 200 $ 200 $ 6,579 Commercial mortgage-backed securities 27 0 0 27 0 0 0 0 Residential mortgage-backed securities 10 0 0 10 10 0 0 10 Total securities sold under agreements to repurchase $ 6,367 $ 200 $ 50 $ 6,617 $ 6,189 $ 200 $ 200 $ 6,589 . 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: March 31, 2023 December 31, 2022 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 61 0 61 Foreign government bonds 342 8 350 285 14 299 U.S. public corporate securities 4,051 350 4,401 4,109 395 4,504 Foreign public corporate securities 838 66 904 806 69 875 Equity securities 258 0 258 360 0 360 Total cash collateral for loaned securities(1) $ 5,551 $ 424 $ 5,975 $ 5,622 $ 478 $ 6,100 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
Variable Interest Entities	Mar. 31, 2023
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 variable interest entities (“VIEs”). For additional information, see Note 4 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. 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 the Other Consolidated VIEs(1) March 31, December 31, March 31, December 31, (in millions) Fixed maturities, available-for-sale $ 448 $ 398 $ 91 $ 90 Fixed maturities, held-to-maturity 0 0 683 689 Fixed maturities, trading 190 164 0 0 Equity securities 74 85 0 0 Commercial mortgage and other loans 752 784 0 0 Other invested assets 3,770 3,397 81 68 Cash and cash equivalents 202 375 0 0 Accrued investment income 3 2 3 3 Other assets 357 352 724 706 Total assets of consolidated VIEs $ 5,796 $ 5,557 $ 1,582 $ 1,556 Other liabilities $ 418 $ 389 $ 0 $ 0 Notes issued by consolidated VIEs(2) 415 374 0 0 Total liabilities of consolidated VIEs $ 833 $ 763 $ 0 $ 0 __________ (1) Total assets of consolidated VIEs reflect $3,495 million and $3,403 million as of March 31, 2023 and December 31, 2022, 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 March 31, 2023, the maturities of these obligations were between 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. 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 $914 million and $950 million as of March 31, 2023 and December 31, 2022, 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 Unaudited Interim Consolidated Statements of Financial Position. In the normal course of its activities, the Company will invest in limited partnerships and limited liability companies (“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 classifies these investments as “Other invested assets” and its maximum exposure to loss associated with these entities was $17,015 million and $16,917 million as of March 31, 2023 and December 31, 2022, 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	3 Months Ended
Derivative Instruments	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVES AND HEDGING Types of Derivative and Hedging Instruments The Company utilizes various derivatives and hedging instruments to manage certain of its risks. Commonly used derivative and non-derivative hedging instruments include, but are not necessarily limited to: • Interest rate contracts: futures, swaps, forwards, options, caps and floors • Equity contracts: futures, options and total return swaps • Foreign exchange contracts: futures, options, forwards, swaps, and foreign currency debt instruments • Credit contracts: single and index reference credit default swaps Other types of financial contracts that the Company accounts for as derivatives are: • To-be-announced (“TBA”) forward contracts, loan commitments, embedded derivatives and synthetic guaranteed investment contracts (“GICs”). For detailed information regarding these contracts and the related strategies, see Note 5 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Primary Risks Managed by Derivatives The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks they are utilized to manage, 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 the netting effects of master netting agreements and cash collateral. These netting impacts resulted in total derivative assets of $1,443 million and $1,455 million as of March 31, 2023 and December 31, 2022, respectively, and total derivative liabilities of $2,274 million and $3,055 million as of March 31, 2023 and December 31, 2022, respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type March 31, 2023 December 31, 2022 Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,576 $ 100 $ (176) $ 3,627 $ 66 $ (245) Interest Rate Forwards 299 0 (50) 398 0 (85) Foreign Currency Foreign Currency Forwards 4,870 122 (217) 4,830 155 (262) Currency/Interest Rate Foreign Currency Swaps 25,766 3,121 (326) 25,636 3,469 (333) Total Derivatives Designated as Hedge Accounting Instruments $ 34,511 $ 3,343 $ (769) $ 34,491 $ 3,690 $ (925) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 223,439 $ 7,567 $ (19,487) $ 212,934 $ 9,097 $ (21,154) Interest Rate Futures 11,995 62 (16) 18,080 13 (24) Interest Rate Options 27,078 276 (737) 9,778 224 (280) Interest Rate Forwards 3,700 31 (18) 2,354 21 (42) Foreign Currency Foreign Currency Forwards 30,693 1,558 (1,799) 31,317 1,556 (1,924) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 8,298 744 (138) 8,410 813 (170) Credit Credit Default Swaps 8,081 38 (44) 6,351 27 (57) Equity Equity Futures 1,527 7 (14) 1,372 1 (2) Equity Options 41,000 707 (1,448) 38,323 708 (1,590) Total Return Swaps 10,969 126 (158) 11,806 106 (184) Other Other(1) 1,250 0 0 1,250 0 0 Synthetic GICs 83,379 1 (1) 84,338 1 (1) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 451,409 $ 11,117 $ (23,860) $ 426,313 $ 12,567 $ (25,428) Total Derivatives(2)(3) $ 485,920 $ 14,460 $ (24,629) $ 460,804 $ 16,257 $ (26,353) __________ (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 $3,706 million and $2,997 million as of March 31, 2023 and December 31, 2022, respectively, primarily included in "Policyholder account balances." (3) Recorded in “Other invested assets” and “Other liabilities” on the Unaudited Interim Consolidated Statements of Financial Position. As of March 31, 2023, the following amounts were recorded on the Unaudited Interim 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. March 31, 2023 December 31, 2022 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 $ 303 $ 30 $ 297 $ 27 Commercial mortgage and other loans $ 0 $ 0 $ 0 $ 0 Policyholders’ account balances $ (1,016) $ 180 $ (966) $ 217 Future policy benefits $ (2,450) $ 295 $ (2,354) $ 391 __________ (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 Unaudited Interim 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 Unaudited Interim Consolidated Statements of Financial Position. March 31, 2023 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 14,368 $ (13,017) $ 1,351 $ (518) $ 833 Securities purchased under agreement to resell 708 0 708 (708) 0 Total assets $ 15,076 $ (13,017) $ 2,059 $ (1,226) $ 833 Offsetting of Financial Liabilities: Derivatives $ 24,628 $ (22,355) $ 2,273 $ (2,273) $ 0 Securities sold under agreement to repurchase 6,617 0 6,617 (6,590) 27 Total liabilities $ 31,245 $ (22,355) $ 8,890 $ (8,863) $ 27 December 31, 2022 Gross Gross Net 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 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. 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 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2022. 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. Three Months Ended March 31, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) 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 $ (3) $ 0 $ 0 $ 0 $ 0 $ 37 $ 43 $ 0 Currency 0 0 (1) 0 0 0 49 0 Total gains (losses) on derivatives designated as hedge instruments (3) 0 (1) 0 0 37 92 0 Gains (losses) on the hedged item: Interest Rate 4 0 3 0 0 (37) (48) 0 Currency 0 0 1 0 0 0 (47) 0 Total gains (losses) on hedged item 4 0 4 0 0 (37) (95) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) (20) Total Amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) (20) Total gains (losses) on fair value hedges net of hedged item 1 0 3 0 0 0 (5) (20) Cash flow hedges Interest Rate (22) 0 (1) 0 0 0 0 43 Currency 5 0 0 0 0 0 0 (38) Currency/Interest Rate 36 0 83 (80) 0 0 0 (277) Total gains (losses) on cash flow hedges 19 0 82 (80) 0 0 0 (272) Net investment hedges Currency 0 0 0 0 0 0 0 (1) Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 (1) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 546 267 0 0 0 0 0 0 Currency (161) 0 0 1 0 0 0 0 Currency/Interest Rate (28) 0 0 (2) 0 0 0 0 Credit 46 0 0 0 0 0 0 0 Equity 189 (238) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (245) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 347 29 0 (1) 0 0 0 0 Total $ 367 $ 29 $ 85 $ (81) $ 0 $ 0 $ (5) $ (293) Three Months Ended March 31, 2022(2) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) 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 $ 15 $ 0 $ (2) $ 0 $ 0 $ (141) $ (158) $ 0 Currency (25) 0 0 0 0 0 (56) 0 Total gains (losses) on derivatives designated as hedge instruments (10) 0 (2) 0 0 (141) (214) 0 Gains (losses) on the hedged item: Interest Rate (15) 0 4 0 0 147 160 0 Currency 25 0 3 0 0 0 53 0 Total gains (losses) on hedged item 10 0 7 0 0 147 213 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) 11 Total amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) 11 Total gains (losses) on fair value hedges net of hedged item 0 0 5 0 0 6 (3) 11 Cash flow hedges Interest Rate (5) 0 1 0 0 0 0 (58) Currency 1 0 0 0 0 0 0 30 Currency/Interest Rate 6 0 69 79 0 0 0 164 Total gains (losses) on cash flow hedges 2 0 70 79 0 0 0 136 Net investment hedges Currency 0 0 0 0 0 0 0 (12) Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 (12) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (877) $ (2,728) 0 0 0 0 0 0 Currency (209) $ 0 0 (1) 0 0 0 0 Currency/Interest Rate 140 $ 0 0 1 0 0 0 0 Credit (37) $ 0 0 0 0 0 0 0 Equity 111 $ 365 0 0 0 0 0 0 Other 1 $ 0 0 0 0 0 0 0 Embedded Derivatives 258 $ 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (613) (2,363) 0 0 0 0 0 0 Total $ (611) $ (2,363) $ 75 $ 79 $ 0 $ 6 $ (3) $ 135 _______ (1) Excluding changes related to net investment hedges using non-derivative instruments of $(1) million for the three months ended March 31, 2023 , and $30 million for three months ended March 31, 2022, respectively (2) Prior period amounts have been updated to conform to current period presentation. Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2022 $ 2,616 Amount recorded in AOCI: Interest Rate 20 Currency (33) Currency/Interest Rate (238) Total amount recorded in AOCI (251) Amount reclassified from AOCI to income: Interest Rate 23 Currency (5) Currency/Interest Rate (39) Total amount reclassified from AOCI to income (21) Balance, March 31, 2023 $ 2,344 The changes in fair value of cash flow hedges are deferred in AOCI and are included in “Net unrealized investment gains (losses)” in the Unaudited Interim Consolidated Statements of Comprehensive Income; these amounts are then reclassified to earnings when the hedged item affects earnings. Using March 31, 2023 values, it is estimated that a pre-tax gain of approximately $274 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending March 31, 2024. 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 28 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 $(2) million for the three months ended March 31, 2023 and $18 million for the three months ended March 31, 2022. 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 24 years for index reference. March 31, 2023 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) 46 0 0 0 5,618 (24) 0 0 0 0 1,109 19 6,773 (5) Total $ 46 $ 0 $ 0 $ 0 $ 5,618 $ (24) $ 0 $ 0 $ 0 $ 0 $ 1,109 $ 19 $ 6,773 $ (5) 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) _________ (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. 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 March 31, 2023 and December 31, 2022, the Company had $1,308 million and $324 million of outstanding notional amounts and reported at fair value as a liability of $1 million and an asset of $1 million, respectively. 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-counte r (“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. As of March 31, 2023, there were no net liability derivative positions with counterparties with credit risk-related contingent features. All derivatives have been appropriately collateralized by the Company or the counterparty in accordance with the terms of the derivative agreements.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
Fair Value of Assets and Liabilities	Mar. 31, 2023
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. 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. 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. For a discussion of Company’s valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 6 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. As a result of the adoption of ASU 2018-12 in the first quarter of 2023, the Company is required to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value. Market risk benefit liabilities (or assets) represent contracts or contract features that provide protection to the contractholder and expose the insurance entity to other than nominal capital market risk, primarily related to deferred annuities with guaranteed minimum benefits in the Retirement Strategies segment including guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”). The benefits are bundled together and accounted for as single compound market risk benefits using a fair value measurement framework. The fair value of these market risk benefits is calculated as the present value of expected future benefit payments to contract holders less the present value of expected future rider fees attributable to the market risk benefit. The fair value of these benefit features is based on assumptions a market participant would use in valuing market risk benefits. 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 market risk benefits 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 valuations, the assets and liabilities included in market risk benefits have 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 is based on the SOFR swap curve adjusted for an additional spread relative to SOFR to reflect the Company’s market-perceived 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 the Company issued 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. 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 March 31, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 27,066 $ 0 $ $ 27,066 Obligations of U.S. states and their political subdivisions 0 9,915 7 9,922 Foreign government bonds 0 77,118 9 77,127 U.S. corporate public securities 0 93,430 66 93,496 U.S. corporate private securities(2) 0 35,106 2,339 37,445 Foreign corporate public securities 0 20,971 68 21,039 Foreign corporate private securities 0 27,080 1,468 28,548 Asset-backed securities(3) 0 12,604 385 12,989 Commercial mortgage-backed securities 0 9,368 1,044 10,412 Residential mortgage-backed securities 0 2,459 9 2,468 Subtotal 0 315,117 5,395 320,512 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 192 0 192 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 658 0 658 Corporate securities 0 88 0 88 Asset-backed securities(3) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 855 1,165 0 2,020 All other(4) 0 0 0 0 Subtotal 855 2,103 0 2,958 Market risk benefit assets 0 0 976 976 Fixed maturities, trading 0 5,930 339 6,269 Equity securities 4,508 2,264 801 7,573 Commercial mortgage and other loans 0 257 0 257 Other invested assets(5) 70 14,389 803 (13,017) 2,245 Short-term investments 336 3,789 16 4,141 Cash equivalents 681 6,991 0 7,672 Other assets 0 368 167 535 Separate account assets(6)(7) 10,299 161,011 1,169 172,479 Total assets $ 16,749 $ 512,219 $ 9,666 $ (13,017) $ 525,617 Market risk benefit liabilities $ 0 $ 0 $ 6,096 $ $ 6,096 Policyholders’ account balances 0 0 4,244 4,244 Other liabilities 35 24,560 1 (22,355) 2,241 Total liabilities $ 35 $ 24,560 $ 10,341 $ (22,355) $ 12,581 As of December 31, 2022 Level 1 Level 2 Level 3 Netting(1) 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(2) 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(3) 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(3) 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(4) 0 0 0 0 Subtotal 780 2,064 0 2,844 Market risk benefit assets 0 0 800 800 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(5) 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 0 152 152 Separate account assets(6)(7) 8,310 162,414 1,081 171,805 Total assets $ 14,328 $ 501,603 $ 8,683 $ (14,802) $ 509,812 Market risk benefit liabilities $ 0 $ 0 $ 5,864 $ $ 5,864 Policyholders’ account balances 0 0 3,492 3,492 Other liabilities 26 25,953 1 (23,298) 2,682 Total liabilities $ 26 $ 25,953 $ 9,357 $ (23,298) $ 12,038 __________ (1) “Netting” amounts represent cash collateral of $(9,338) million and $(8,496) million as of March 31, 2023 and December 31, 2022, respectively. (2) Excludes notes with fair value of $8,040 million (carrying amount of $8,040 million), as of both March 31, 2023 and December 31, 2022, which have been offset with the associated payables under a netting agreement. (3) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (4) All other represents cash equivalents and short-term investments. (5) 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. As of March 31, 2023 and December 31, 2022, the fair values of such investments were $3,872 million and $3,689 million, respectively. (6) 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. As of March 31, 2023 and December 31, 2022, the fair value of such investments were $29,815 million and $25,874 million, respectively. (7) 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 Unaudited Interim Consolidated Statements of Financial Position. 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 March 31, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,302 Discounted Discount rate 0.53% 20% 7.66% Decrease Market comparables EBITDA multiples(4) 0.0X 0.0X 0.0X Increase Liquidation Liquidation value 8.56% 82.86% 72.41% Increase Commercial mortgage-backed securities $ 969 Discounted Liquidity premium 0.60% 0.75% 0.70% Decrease Market risk benefit assets(7) $ 976 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.52% 2.20% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 18% 25% Decrease Equity securities $ 285 Discounted Discount rate 0.2% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.0X 3.5X Increase Net Asset Value Share price $6 $1,708 $543 Increase Liabilities: Market risk benefit liabilities(7) $ 6,096 Discounted Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.52% 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% 25% Increase Policyholders’ account balances(8) $ 4,244 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.27% 2.34% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 30% Increase Option Budget(14) (2)% 6% Increase 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 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 Market risk benefit assets(7) $ 800 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.50% 2.20% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 18% 26% Decrease Equity securities $ 290 Discounted Discount rate 0.2% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.5X 4.0X Increase Net Asset Value Share price $6 $1,708 $22 Increase Separate account assets-commercial mortgage loans(6) $ 74 Discounted Spread 1.25% 2.10% 1.44% Decrease Liabilities: Market risk benefit liabilities(7) $ 5,864 Discounted 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 ___________ (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) For these investments, a range of discount rates is typically used (10% to 20%) and is therefore a more meaningful representation of the unobservable inputs used in the valuation rather than weighted average. (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 Unaudited Interim Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Unaudited Interim Consolidated Statements of Operations. (7) Market risk benefits primarily represent fair value for all living benefit guarantees including accommodation, withdrawal and income benefits. Since the valuation methodology for these assets and liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than 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 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 March 31, 2023 and December 31, 2022, 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 both March 31, 2023 and December 31, 2022, the minimum withdrawal rate assumption is 77% and 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 and interest rate 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. Interrelationships Between Unobservable Inputs — In addition to the sensitivities of fair value measurements to changes in each unobservable input in isolation, as reflected in the table above, interrelationships between these inputs may also exist, such that a change in one unobservable input may give rise to a change in another or multiple inputs. Examples of such interrelationships for significant internally-priced Level 3 assets and liabilities are as follows: Corporate Securities— The rate used to discount future cash flows reflects current risk-free rates plus credit and liquidity spread requirements that market participants would use to value an asset. The discount rate may be influenced by many factors, including market cycles, expectations of default, collateral, term, and asset complexity. Each of these factors can influence discount rates, either in isolation, or in response to other factors. During weaker economic cycles, as the expectations of default increases, credit spreads widen, which results in a decrease in fair value. Commercial Mortgage-backed Securities— Interrelationships may exist between the prepayment rate, the default rate and/or loss severity, depending on specific market conditions. In stronger economic cycles, prepayment rates are generally driven by underlying property appreciation and subsequent cash-out refinances, while default rates and loss severity may be lower. During weaker economic cycles, prepayment rates may decline, while default rates and loss severity increase. Generally, a change in the assumption used for the probability of default would have been accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for prepayment rates. The impact of these factors on average life and economics varies with the deal structure and tranche subordination. Market Risk Benefits —The Company expects efficient benefit utilization and withdrawal rates to generally be correlated with lapse rates. However, behavior is generally highly dependent on the facts and circumstances surrounding the individual contractholder, such as their liquidity needs or tax situation, which could drive lapse behavior independent of other contractholder behavior assumptions. To the extent more efficient contractholder behavior results in greater in-the-moneyness at the contract level, lapse rates may decline for those contracts. Similarly, to the extent that increases in equity volatility are correlated with overall declines in the capital markets, lapse rates may decline as contracts become more in-the-money. Changes in Level 3 Assets and Liabilities —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. Three Months Ended March 31, 2023(8) 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(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 U.S. states 7 0 0 0 0 0 0 0 0 7 0 Foreign government 8 0 0 0 0 1 0 0 0 9 0 Corporate securities(3) 3,858 9 527 (128) 0 (323) (2) 0 0 3,941 21 Structured securities(4) 1,289 (35) 240 (1) 0 (12) 0 37 (80) 1,438 (36) Other assets: Fixed maturities, trading 304 5 33 0 0 (4) 1 0 0 339 3 Equity securities 627 17 7 (59) 0 (6) 215 1 (1) 801 0 Other invested assets 539 1 270 (7) 0 0 0 0 0 803 1 Short-term investments 18 2 3 0 0 (7) 0 0 0 16 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 152 (18) 35 0 0 (2) 0 0 0 167 (17) Separate account assets(5) 1,081 39 143 (67) 0 (26) 0 0 (1) 1,169 37 Liabilities: Policyholders’ account balances(6) (3,492) (251) 0 0 (401) 0 (100) 0 0 (4,244) (442) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Three Months Ended March 31, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (3) $ 0 $ 0 $ (24) $ 1 $ 7 $ 0 $ 0 $ (22) Other assets: Fixed maturities, trading 0 4 0 0 1 0 3 0 0 Equity securities 0 17 0 0 0 0 0 0 0 Other invested assets 0 1 0 0 0 0 1 0 0 Short-term investments 2 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets (18) 0 0 0 0 (17) 0 0 0 Separate account assets(5) 0 0 39 0 0 0 0 37 0 Liabilities: Policyholders’ account balances (251) 0 0 0 0 (442) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Three Months Ended March 31, 2022(8) 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(2) (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 0 0 0 0 0 0 0 0 8 0 Foreign government 10 0 0 0 0 0 0 0 0 10 0 Corporate securities(3) 5,316 (382) 244 (24) 0 (147) (10) 8 0 5,005 (373) Structured securities(4) 1,986 (145) 85 (17) 0 (20) (3) 6 (140) 1,752 (146) Other assets: Fixed maturities, trading 421 (12) 10 (29) 0 (16) 4 0 0 378 (12) Equity securities 799 22 11 (122) 0 (2) (9) 73 0 772 (1) Other invested assets 493 7 21 (17) 0 0 0 0 0 504 7 Short-term investments 330 0 1 0 0 (118) 0 0 0 213 0 Cash equivalents 70 (2) 7 0 0 (73) 0 0 0 2 (2) Other assets 54 7 4 0 0 (2) 76 0 0 139 5 Separate account assets(5) 1,283 (46) 32 (11) 0 (3) (1) 0 0 1,254 (48) Liabilities: Policyholders’ account balances(6) (1,436) 167 0 0 (133) 0 0 0 0 (1,402) 493 Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Three Months Ended March 31, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (76) $ 0 $ 0 $ (453) $ 2 $ (79) $ 0 $ 0 $ (440) Other assets: Fixed maturities, trading 0 (12) 0 0 0 0 (12) 0 0 Equity securities 0 22 0 0 0 0 (1) 0 0 Other invested assets (3) 10 0 0 0 (3) 10 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents (2) 0 0 0 0 (2) 0 0 0 Other assets 7 0 0 0 0 5 0 0 0 Separate account assets(5) 0 0 (47) 0 1 0 0 (48) 0 Liabilities: Policyholders’ account balances 167 0 0 0 0 493 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 ___________ (1) “Other” includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) 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. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) 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 Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (7) 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. (8) Effective January 1, 2021, Future policy benefits previously included in “changes in level 3 assets and liabilities” are reported in Note 11 Market Risk Benefits. Derivative Fair Value Information 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 the primary underlying risks they are used to manage. 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 March 31, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 62 $ 7,974 $ 1 $ $ 8,037 Currency 0 1,680 0 1,680 Credit 0 38 0 38 Currency/Interest Rate 0 3,865 0 3,865 Equity 7 833 0 840 Other 0 0 0 0 Netting(1) (13,017) (13,017) Total derivative assets $ 69 $ 14,390 $ 1 $ (13,017) $ 1,443 Derivative Liabilities: Interest Rate $ 16 $ 20,468 $ 1 $ $ 20,485 Currency 0 2,016 0 2,016 Credit 0 44 0 44 Currency/Interest Rate 0 464 0 464 Equity 19 1,601 0 1,620 Other 0 0 0 0 Netting(1) (22,355) (22,355) Total derivative liabilities $ 35 $ 24,593 $ 1 $ (22,355) $ 2,274 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 __________ (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. Changes in Level 3 derivative assets and liabilities —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. Three Months Ended M

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired	3 Months Ended
	Mar. 31, 2023
Deferred Charges, Insurers [Abstract]
Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired	DEFERRED POLICY ACQUISITION COSTS, DEFERRED SALES INDUCEMENTS AND VALUE OF BUSINESS ACQUIRED Deferred Policy Acquisition Costs The following tables show a rollforward for the lines of business that contain material DAC balances, along with a reconciliation to the Company’s total DAC balance: March 31, 2023 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 $ 20,400 Capitalization 59 33 142 159 155 548 Amortization expense (98) (53) (60) (81) (75) (367) Other adjustments 0 0 0 5 0 5 Foreign currency adjustment 0 0 0 2 (13) (11) Balance, EOP $ 4,132 $ 2,268 $ 5,082 $ 4,795 $ 4,298 20,575 Other businesses 166 Total DAC balance $ 20,741 March 31, 2022 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,872 $ 2,372 $ 4,679 $ 4,685 $ 4,135 $ 20,743 Capitalization 79 34 141 168 152 574 Amortization expense (108) (52) (61) (83) (76) (380) Other adjustments 0 0 0 6 0 6 Foreign currency adjustment 0 0 0 (54) (70) (124) Balance, EOP $ 4,843 $ 2,354 $ 4,759 $ 4,722 $ 4,141 20,819 Other businesses 229 Reclassified to “Assets held-for-sale”(1) (1,180) Total DAC balance $ 19,868 _________ (1) Represents “Assets held-for-sale” of $1,084 million and $96 million in Individual Retirement Strategies and Full Services Retirement (in Other businesses), respectively. Deferred Sales Inducements The following table shows a rollforward of DSI balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material DSI balance, along with a reconciliation to the Company’s total DSI balance: March 31, 2023 2022 (in millions) Balance, BOP $ 446 $ 799 Capitalization 2 1 Amortization expense (10) (17) Balance, EOP 438 783 Other businesses 34 37 Reclassified to “Assets held-for-sale”(1) 0 (335) Total DSI balance $ 472 $ 485 _________ (1) Represents “Assets held-for-sale” in Individual Retirement Strategies. Value of Business Acquired The following table shows a rollforward of VOBA balances for Gibraltar Life and Other, which is the only line of business that contains a material VOBA balance, along with a reconciliation to the Company’s total VOBA balance: March 31, 2023 2022 (in millions) Balance, BOP $ 597 $ 746 Amortization expense (14) (17) Foreign currency adjustment (5) (36) Balance, EOP 578 693 Other businesses 23 231 Reclassified to “Assets held-for-sale”(1) 0 (201) Total VOBA balance $ 601 $ 723 _________ (1) Represents “Assets held-for-sale” of $26 million and $175 million in Individual Retirement Strategies and Full Services Retirement (in Other businesses), respectively. The following table provides VOBA balances for the applicable businesses for the period ended March 31: 2023 (in millions) Gibraltar Life $ 578 Gibraltar BSN Life Berhad 1 Aoba Life 22 Total $ 601 The following table provides estimated future amortization, net of interest, for the periods indicated: 2023 (April-December) 2024 2025 2026 2027 Thereafter Total (in millions) Estimated future VOBA amortization $ 42 $ 51 $ 46 $ 42 $ 38 $ 382 $ 601

Separate Accounts

Separate Accounts	3 Months Ended
Separate Accounts	Mar. 31, 2023
Insurance [Abstract]
Separate Account	SEPARATE ACCOUNTS The Company issues annuity and life insurance variable 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. Most annuity and life insurance variable contracts are offered with both separate and general account options. The Company also issues variable annuity contracts 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. 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, and/or (2) the highest contract value on a specified date adjusted for any withdrawals. 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 assets supporting the variable portion of annuity and life insurance variable contracts are carried at fair value and reported as “Separate account assets” with an equivalent amount reported as “Separate account liabilities.” The liabilities related to the net amount at risk are reflected within future policy benefits or market risk benefits. 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.” Separate Account Assets The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: March 31, December 31, (in millions) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 5,353 $ 5,208 Obligations of U.S. states and their political subdivisions 2,100 2,006 Foreign government bonds 150 120 U.S. corporate securities 13,488 13,135 Foreign corporate securities 3,329 3,261 Asset-backed securities 1,154 1,131 Mortgage-backed securities 15,229 14,653 Mutual funds: Equity 83,917 82,781 Fixed Income 39,529 38,109 Other 5,332 3,797 Equity securities 5,100 5,177 Commercial mortgage and other loans 73 74 Other invested assets 23,307 24,590 Short-term investments 1,250 1,306 Cash and cash equivalents 2,983 2,331 Total $ 202,294 $ 197,679 For the periods ended March 31, 2023 and December 31, 2022, there were no transfers of assets, other than cash, from the general account to a separate account; therefore, no gains or losses were recorded. Separate Account Liabilities The balances of and changes in separate account liabilities are as follows: March 31, 2023 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 40,056 $ 11,428 $ 93,395 $ 23,513 $ 32,930 $ 201,322 Deposits 1,279 51 94 6 667 2,097 Investment performance 174 454 4,627 702 1,938 7,895 Policy charges (21) (3) (594) (42) (262) (922) Surrenders and withdrawals (1,012) (45) (2,285) (2) (178) (3,522) Benefit payments (857) (137) (23) (77) (97) (1,191) Net transfers (to) from general account (168) (14) (11) 0 (67) (260) Other (190) 128 3 561 20 522 Balance, EOP $ 39,261 $ 11,862 $ 95,206 $ 24,661 $ 34,951 205,941 Other businesses(1) (3,647) Total separate account liabilities $ 202,294 Cash surrender value(2) $ 39,261 $ 11,862 $ 93,618 $ 24,542 $ 31,955 $ 201,238 __________ (1) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (2) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments. March 31, 2022 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 42,020 $ 14,064 $ 158,546 $ 27,097 $ 39,789 $ 281,516 Deposits 1,832 326 259 55 611 3,083 Investment performance 637 (906) (9,867) (1,708) (2,209) (14,053) Policy charges (26) (4) (833) (52) (250) (1,165) Surrenders and withdrawals (2,393) (2,708) (3,320) (2) (177) (8,600) Benefit payments (815) (149) (39) (85) (120) (1,208) Net transfers (to) from general account 5 2,839 (167) 18 (154) 2,541 Other 224 28 2 614 27 895 Balance, EOP $ 41,484 $ 13,490 $ 144,581 $ 25,937 $ 37,517 263,009 Other businesses(1) 57,293 Reclassified to "Liabilities held-for-sale"(2) (90,681) Total separate account liabilities $ 229,621 Cash surrender value(3) $ 41,484 $ 13,490 $ 142,391 $ 25,809 $ 34,609 $ 257,783 __________ (1) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (2) Represents "Liabilities held-for-sale" of $61,254 million and $29,427 million in Full Service Retirement (included in “Other businesses”) and Individual Retirement Strategies, respectively. (3) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments.

Liability For Future Policy Ben

Liability For Future Policy Benefits	3 Months Ended
Liability For Future Policy Benefits	Mar. 31, 2023
Insurance [Abstract]
Liabilities for Future Policy Benefits	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below. • Benefit Reserves; • Additional Insurance Reserves; and • Deferred Profit Liability Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of actual variances from expected experience and other activity 141 (17) (193) (159) 45 (183) Adjusted balance, BOP 67,110 11,837 31,850 30,118 3,080 143,995 Issuances 2,932 143 647 443 0 4,165 Net premiums / considerations collected (3,637) (353) (1,178) (1,079) (77) (6,324) Interest accrual 517 136 230 204 37 1,124 Foreign currency adjustment 1,867 0 (31) (120) 0 1,716 Other adjustments 0 (4) 40 1 0 37 Balance at original discount rate, EOP 68,789 11,759 31,558 29,567 3,040 144,713 Effect of cumulative changes in discount rate assumptions, EOP (13,465) (321) (618) (611) (30) (15,045) Balance, EOP $ 55,324 $ 11,438 $ 30,940 $ 28,956 $ 3,010 $ 129,668 Other businesses, EOP 92 Total balance, EOP $ 129,760 March 31, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of actual variances from expected experience and other activity 98 (24) (167) (154) 53 (194) Adjusted balance, BOP 138,022 20,276 82,191 91,443 11,954 343,886 Issuances 2,932 143 647 443 0 4,165 Interest accrual 1,208 237 663 585 143 2,836 Benefit payments (2,795) (406) (947) (1,152) (60) (5,360) Foreign currency adjustment 1,908 0 (163) (432) 0 1,313 Other adjustments 48 (7) 93 (2) 0 132 Balance at original discount rate, EOP 141,323 20,243 82,484 90,885 12,037 346,972 Effect of cumulative changes in discount rate assumptions, EOP (17,578) (490) 244 (7,214) (738) (25,776) Balance, EOP $ 123,745 $ 19,753 $ 82,728 $ 83,671 $ 11,299 $ 321,196 Other businesses, EOP 1,952 Total balance, EOP $ 323,148 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 68,421 $ 8,315 $ 51,789 $ 54,715 $ 8,288 $ 191,528 Flooring impact, EOP 4 0 26 11 0 41 Balance, EOP, post-flooring 68,425 8,315 51,815 54,726 8,288 191,569 Less: Reinsurance recoverable 0 728 112 222 0 1,062 Balance after reinsurance recoverable, EOP, post-flooring $ 68,425 $ 7,587 $ 51,703 $ 54,504 $ 8,288 $ 190,507 Other businesses, EOP(1) 1,786 Total balance after reinsurance recoverable, EOP $ 192,293 March 31, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of actual variances from expected experience and other activity 59 62 (196) (1) 9 (67) Adjusted balance, BOP 64,436 11,141 35,805 34,575 2,950 148,907 Issuances 733 144 1,020 808 0 2,705 Net premiums / considerations collected (1,611) (322) (1,317) (1,285) (70) (4,605) Interest accrual 408 126 248 229 35 1,046 Foreign currency adjustment (1,789) 0 (652) (860) 0 (3,301) Other adjustments 0 (10) 57 1 0 48 Balance at original discount rate, EOP 62,177 11,079 35,161 33,468 2,915 144,800 Effect of cumulative changes in discount rate assumptions, EOP (2,240) 884 1,742 1,560 339 2,285 Balance, EOP $ 59,937 $ 11,963 $ 36,903 $ 35,028 $ 3,254 $ 147,085 Other businesses, EOP 106 Total balance, EOP $ 147,191 March 31, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of actual variances from expected experience and other activity (14) 79 (222) (2) 9 (150) Adjusted balance, BOP 128,873 18,971 87,786 101,368 11,337 348,335 Issuances 732 144 1,020 808 0 2,705 Interest accrual 1,007 220 690 631 135 2,683 Benefit payments (2,464) (430) (752) (1,042) (57) (4,745) Foreign currency adjustment (1,843) 0 (1,963) (3,005) 0 (6,811) Other adjustments (245) (15) 123 (5) 0 (143) Balance at original discount rate, EOP 126,060 18,890 86,904 98,755 11,415 342,024 Effect of cumulative changes in discount rate assumptions, EOP 780 1,922 12,837 4,806 2,188 22,533 Balance, EOP $ 126,840 $ 20,812 $ 99,741 $ 103,561 $ 13,603 $ 364,557 Other businesses, EOP 2,458 Reclassified to “Liabilities held-for-sale” (254) Total balance, EOP $ 366,761 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,903 $ 8,849 $ 62,837 $ 68,533 $ 10,349 $ 217,471 Flooring impact, EOP 164 6 12 2 0 184 Balance, EOP, post-flooring 67,067 8,855 62,849 68,535 10,349 217,655 Less: Reinsurance recoverable 0 498 150 258 0 906 Balance after reinsurance recoverable, EOP, post-flooring $ 67,067 $ 8,357 $ 62,699 $ 68,277 $ 10,349 $ 216,749 Other businesses, EOP(1) 2,347 Reclassified to “Liabilities held-for-sale” (254) Total balance after reinsurance recoverable, EOP $ 218,842 __________ (1) Reflects balance after reinsurance recoverable of $74 million and $5 million at March 31, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 106,074 $ 23,352 $ 73,474 $ 62,903 $ 6,901 Discounted expected future gross premiums (at original discount rate) $ 74,439 $ 15,526 $ 56,950 $ 49,872 $ 4,507 Discounted expected future gross premiums (at current discount rate) $ 59,863 $ 15,119 $ 56,318 $ 49,016 $ 4,467 Undiscounted expected future benefits and expenses $ 215,874 $ 31,258 $ 147,802 $ 154,197 $ 29,713 Interest accrual $ 691 $ 101 $ 433 $ 381 $ 106 Gross premiums $ 3,892 $ 461 $ 1,867 $ 1,767 $ 114 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.36 % 5.20 % 3.41 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 5.09 % 5.05 % 2.82 % 2.69 % 5.34 % March 31, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 92,821 $ 25,246 $ 79,809 $ 70,516 $ 7,177 Discounted expected future gross premiums (at original discount rate) $ 67,418 $ 16,519 $ 62,269 $ 56,128 $ 4,608 Discounted expected future gross premiums (at current discount rate) $ 65,100 $ 17,913 $ 65,801 $ 58,875 $ 5,135 Undiscounted expected future benefits and expenses $ 189,797 $ 29,127 $ 156,307 $ 165,525 $ 29,361 Interest accrual $ 599 $ 94 $ 442 $ 402 $ 100 Gross premiums $ 1,713 $ 473 $ 2,090 $ 2,076 $ 112 Weighted-average duration of the liability in years (at original discount rate) 9 10 21 20 19 Weighted-average duration of the liability in years (at current discount rate) 9 10 22 20 20 Weighted-average interest rate (at original discount rate) 4.17 % 5.23 % 3.39 % 2.46 % 4.90 % Weighted-average interest rate (at current discount rate) 3.65 % 3.54 % 2.04 % 1.96 % 3.88 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter, such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss respectively. For both the first three months of 2023 and 2022, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: March 31, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of actual variances from expected experience and other activity 31 (3) (10) 18 Adjusted balance, BOP 5,563 3,376 5,250 14,189 Profits deferred 164 451 373 988 Interest accrual 57 35 39 131 Amortization (141) (288) (257) (686) Foreign currency adjustment 7 8 (18) (3) Other adjustments 0 10 0 10 Balance, EOP, pre-flooring 5,650 3,592 5,387 14,629 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,650 3,592 5,388 14,630 Less: Reinsurance recoverable 0 9 11 20 Balance after reinsurance recoverable $ 5,650 $ 3,583 $ 5,377 14,610 Other businesses 185 Total balance after reinsurance recoverable $ 14,795 March 31, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of actual variances from expected experience and other activity 70 (9) (5) 56 Adjusted balance, BOP 5,253 2,732 5,008 12,993 Profits deferred 13 465 423 901 Interest accrual 50 30 35 115 Amortization (132) (286) (267) (685) Foreign currency adjustment (8) (15) (122) (145) Other adjustments (1) 9 0 8 Balance, EOP, pre-flooring 5,175 2,935 5,077 13,187 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,175 2,935 5,078 13,188 Less: Reinsurance recoverable 0 8 15 23 Balance after reinsurance recoverable $ 5,175 $ 2,927 $ 5,063 13,165 Other businesses 224 Reclassified to “Liabilities held-for-sale” (25) Total balance after reinsurance recoverable $ 13,364 The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (111) $ (205) $ (145) Interest accrual $ 57 $ 35 $ 39 March 31, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ 1 $ (210) $ (187) Interest accrual $ 50 $ 30 $ 35 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: March 31, 2023 March 31, 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of actual variances from expected experience and other activity (33) (42) Adjusted balance, BOP 13,936 10,757 Assessments collected(1) 270 239 Interest accrual 118 92 Benefits paid (74) (67) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,250 11,021 Flooring impact and amounts in AOCI (1,016) 129 Balance, including amounts in AOCI, EOP, post-flooring 13,234 11,150 Less: Reinsurance recoverable 5,338 4,346 Balance after reinsurance recoverable, including amounts in AOCI, EOP 7,896 6,804 Other businesses 151 199 Total balance after reinsurance recoverable $ 8,047 $ 7,003 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in millions) Interest accrual $ 118 $ 92 Gross assessments $ 827 $ 658 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Loss Recognition Liabilities established as a result of the required loss recognition testing as of the period indicated are as follows: Retirement Strategies Institutional March 31, 2023 March 31, 2022 (in millions) Loss recognition liability $ 3 $ 4 Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in millions) Benefit reserves, EOP, post-flooring $ 193,429 $ 219,753 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,385 11,349 Deferred profit liability, EOP, post-flooring 14,814 13,386 Subtotal of amounts disclosed above 221,628 244,488 Other Future Policy Benefits reserves(1) 51,958 53,305 Total Future Policy Benefits $ 273,586 $ 297,793 __________ (1) Represents balances for which disaggregated rollforward disclosures are not required, including Closed Block liabilities, unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Three Months Ended March 31, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,892 $ 461 $ 0 $ 1,867 $ 1,767 $ 142 $ 8,129 Additional insurance reserves 0 0 827 0 0 0 827 Deferred profit liability (111) 0 0 (205) (145) (2) (463) Total $ 3,781 $ 461 $ 827 $ 1,662 $ 1,622 $ 140 $ 8,493 Three Months Ended March 31, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,713 $ 473 $ 0 $ 2,090 $ 2,076 $ 149 $ 6,501 Additional insurance reserves 0 0 658 0 0 0 658 Deferred profit liability 1 0 0 (210) (187) 4 (392) Total $ 1,714 $ 473 $ 658 $ 1,880 $ 1,889 $ 153 $ 6,767 Three Months Ended March 31, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 691 $ 101 $ 0 $ 433 $ 381 $ 120 $ 1,726 Additional insurance reserves 0 0 118 0 0 0 118 Deferred profit liability 57 0 0 35 39 1 132 Total $ 748 $ 101 $ 118 $ 468 $ 420 $ 121 $ 1,976 Three Months Ended March 31, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 599 $ 94 $ 0 $ 442 $ 402 $ 113 $ 1,650 Additional insurance reserves 0 0 92 1 0 0 93 Deferred profit liability 50 0 0 30 35 2 117 Total $ 649 $ 94 $ 92 $ 473 $ 437 $ 115 $ 1,860 __________ (1) Represents "Gross Premiums" for benefit reserves, "Gross Assessments" for additional insurance reserves and "Revenue" for deferred profit liability. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. Policyholders' Account Balances The Company issues variable life and variable universal life insurance 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”). 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 balances of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other (in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 204 1,376 1,043 582 617 645 1,287 5,754 Interest credited 44 160 87 20 199 177 172 859 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (83) (6) (6) 0 (514) (77) (40) (726) Surrenders and withdrawals (453) (1,371) (148) (88) (439) (51) (275) (2,825) Benefit payments 0 (139) (28) (32) (46) (75) (440) (760) Net transfers (to) from separate account 0 0 19 0 77 0 0 96 Change in market value and other adjustments 0 0 191 9 91 6 2 299 Foreign currency adjustment 0 0 0 0 0 (76) (143) (219) Balance, end of period 5,551 17,396 18,682 5,134 26,487 11,717 35,888 120,855 Reinsurance and other recoverable(1) 0 0 0 0 11 1 22 34 Policyholders' account balance net of reinsurance and other recoverable $ 5,551 $ 17,396 $ 18,682 $ 5,134 $ 26,476 $ 11,716 $ 35,866 $ 120,821 Closed Block Division 4,572 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,772 Other(2) 7,940 Total Policyholders' account balance $ 138,139 Weighted-average crediting rate 3.09 % 3.69 % 1.92 % 1.63 % 3.00 % 6.19 % 1.93 % 2.87 % Net amount at risk(3) $ 72,259 $ 0 $ 0 $ 0 $ 370,778 $ 18,055 $ 6,971 $ 468,063 Cash surrender value(4) $ 3,984 $ 17,396 $ 16,640 $ 4,045 $ 21,846 $ 10,100 $ 31,233 $ 105,244 March 31, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Corporate and Other Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other Full Service (in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 36,505 $ 153,975 Deposits 261 1,001 1,190 201 663 205 410 1,722 5,656 Interest credited 36 135 14 5 203 24 126 265 805 Acquisitions and dispositions 0 0 0 0 0 0 0 0 0 Policy charges (78) (6) (1) (1) (506) (51) (26) (58) (727) Surrenders and withdrawals (378) (1,161) (90) (79) (421) (50) (447) (1,759) (4,385) Benefit payments 0 (138) (37) (50) (52) (67) (465) 0 (809) Net transfers (to) from separate account (18) 0 170 0 166 0 0 103 421 Change in market value and other adjustments 0 0 (106) 0 (185) 4 (2) (797) (1,086) Foreign currency adjustment 0 0 0 0 0 (507) (305) 0 (812) Balance, end of period 6,096 16,222 15,265 4,728 26,727 11,113 36,906 35,981 153,038 Reinsurance and other recoverable(1) 0 0 0 0 12 1 25 0 38 Policyholders' account balance net of reinsurance and other recoverable $ 6,096 $ 16,222 $ 15,265 $ 4,728 $ 26,715 $ 11,112 $ 36,881 $ 35,981 $ 153,000 Closed Block Division 4,697 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,069 Other 181 Reclassified to "Liabilities held-for-sale"(5) (39,295) Total Policyholders' account balance $ 122,690 Weighted-average crediting rate 2.30 % 3.30 % 0.38 % 0.43 % 3.03 % 0.85 % 1.35 % 2.92 % 2.11 % Net amount at risk(3) $ 71,021 $ 0 $ 0 $ 0 $ 481,904 $ 15,352 $ 8,019 $ 0 $ 576,296 Cash surrender value(4) $ 3,704 $ 16,222 $ 14,553 $ 3,085 $ 32,089 $ 9,972 $ 34,497 $ 35,981 $ 150,103 ____________ (1) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (2) Includes $7,973 million of Full Service account balances reinsured to Great-West. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment. (5) Represents “Liabilities held-for-sale” of $(11,663) million and $(27,632) million related to the sale of PALAC and Full Service Retirement Business, respectively. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,441 $ 1,441 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 56 0 0 0 56 3.00% - 4.00% 1,634 0 0 0 1,634 Greater than 4.00% 3 0 0 0 3 Total $ 1,693 $ 0 $ 0 $ 1,441 $ 3,134 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,551 0 0 0 1,551 2.00% - 2.99% 583 0 0 0 583 3.00% - 4.00% 5,628 0 0 0 5,628 Greater than 4.00% 1,519 0 0 0 1,519 Total $ 9,681 $ 0 $ 0 $ 0 $ 9,681 Individual Variable Less than 1.00% $ 1,005 $ 848 $ 19 $ 0 $ 1,872 1.00% - 1.99% 239 2 1 0 242 2.00% - 2.99% 32 2 0 0 34 3.00% - 4.00% 2,209 9 10 0 2,228 Greater than 4.00% 104 0 0 0 104 Total $ 3,589 $ 861 $ 30 $ 0 $ 4,480 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 585 128 253 84 1,050 2.00% - 2.99% 496 211 27 11 745 3.00% - 4.00% 371 6 0 0 377 Greater than 4.00% 101 0 0 0 101 Total $ 1,553 $ 345 $ 280 $ 95 $ 2,273 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 11 $ 11 1.00% - 1.99% 150 0 1,073 1,949 3,172 2.00% - 2.99% 374 123 4,019 280 4,796 3.00% - 4.00% 7,565 1,918 561 7 10,051 Greater than 4.00% 5,549 0 0 0 5,549 Total $ 13,638 $ 2,041 $ 5,653 $ 2,247 $ 23,579 Life Planner Less than 1.00% $ 357 $ 27 $ 91 $ 831 $ 1,306 1.00% - 1.99% 3,156 25 0 0 3,181 2.00% - 2.99% 2,259 0 0 0 2,259 3.00% - 4.00% 339 0 0 0 339 Greater than 4.00% 407 0 0 0 407 Total $ 6,518 $ 52 $ 91 $ 831 $ 7,492 Gibraltar Less than 1.00% $ 17,023 $ 0 $ 0 $ 0 $ 17,023 1.00% - 1.99% 9,870 0 0 0 9,870 2.00% - 2.99% 3,253 335 40 0 3,628 3.00% - 4.00% 3,201 0 0 0 3,201 Greater than 4.00% 1,904 0 0 0 1,904 Total $ 35,251 $ 335 $ 40 $ 0 $ 35,626 March 31, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,900 $ 1,900 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,672 0 0 0 1,672 Greater than 4.00% 4 0 0 0 4 Total $ 1,738 $ 0 $ 0 $ 1,900 $ 3,638 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,571 0 0 0 1,571 2.00% - 2.99% 1,244 0 0 0 1,244 3.00% - 4.00% 4,618 0 0 0 4,618 Greater than 4.00% 1,031 0 0 0 1,031 Total $ 8,864 $ 0 $ 0 $ 0 $ 8,864 Individual Variable Less than 1.00% $ 1,414 $ 885 $ 19 $ 0 $ 2,318 1.00% - 1.99% 261 2 1 0 264 2.00% - 2.99% 111 0 1 0 112 3.00% - 4.00% 3,131 6 10 0 3,147 Greater than 4.00% 114 0 0 0 114 Total $ 5,031 $ 893 $ 31 $ 0 $ 5,955 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 656 56 90 5 807 2.00% - 2.99% 584 0 0 0 584 3.00% - 4.00% 416 2 0 0 418 Greater than 4.00% 112 0 0 0 112 Total $ 1,768 $ 58 $ 90 $ 5 $ 1,921 Variable & Universal Life Less than 1.00% $ 17 $ 0 $ 0 $ 0 $ 17 1.00% - 1.99% 361 0 650 1,981 2,992 2.00% - 2.99% 405 0 2,223 2,127 4,755 3.00% - 4.00% 7,916 12 2,510 156 10,594 Greater than 4.00% 5,595 0 0 0 5,595 Total $ 14,294 $ 12 $ 5,383 $ 4,264 $ 23,953 Life Planner Less than 1.00% $ 390 $ 28 $ 98 $ 6 $ 522 1.00% - 1.99% 3,420 23 0 0 3,443 2.00% - 2.99% 2,494 0 0 0 2,494 3.00% - 4.00% 314 0 0 0 314 Greater than 4.00% 424 0 0 0 424 Total $ 7,042 $ 51 $ 98 $ 6 $ 7,197 Gibraltar Less than 1.00% $ 20,729 $ 0 $ 0 $ 0 $ 20,729 1.00% - 1.99% 11,255 0 0 0 11,255 2.00% - 2.99% 3,414 419 0 0 3,833 3.00% - 4.00% 439 0 0 0 439 Greater than 4.00% 280 0 0 0 280 Total $ 36,117 $ 419 $ 0 $ 0 $ 36,536 Full Service Less than 1.00% $ 428 $ 0 $ 0 $ 0 $ 428 1.00% - 1.99% 13,582 13,307 1,998 0 28,887 2.00% - 2.99% 6 0 29 0 35 3.00% - 4.00% 6,615 0 0 0 6,615 Greater than 4.00% 16 0 0 0 16 Total $ 20,647 $ 13,307 $ 2,027 $ 0 $ 35,981 ____________ (1) Excludes Japan variable annuity and variable life, and any other contracts without minimum guaranteed rates. In addition, excludes the account values related to index-linked crediting options which do not have a minimum guaranteed crediting rate as returns are based on index. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 March 31, 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 300 403 Claims paid (32) (18) Interest accrual 85 9 Actual in force different from expected 19 29 Effect of changes in interest rates 463 (3,258) Effect of changes in equity markets (671) 1,150 Other adjustments 78 0 Balance, EOP, before effect of changes in NPR 7,057 12,605 Effect of cumulative changes in NPR (2,014) (1,988) Balance, EOP 5,043 10,617 Less: Reinsured MRB 28 68 Balance, EOP, net of reinsurance 5,015 10,549 Other businesses 105 218 Reclassified to “Assets and Liabilities held-for-sale”(1) 0 (3,608) Total net MRB balance $ 5,120 $ 7,159 ___________ (1) Represents “Assets held-for-sale” of $100 million in Individual Retirement Strategies and “Liabilities held-for-sale” of $3,640 million in Individual Retirement Strategies and $68 million in Full Service Retirement (in Other businesses) as of March 31, 2022. The following table presents accompanying information to the rollforward table above. March 31, 2023 March 31, 2022 ($ in millions) Net amount at risk $ 11,332 $ 8,056 Weighted-average attained age of contractholders 69 67 The tables below reconcile MRB asset and liability positions as of the following dates: March 31, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 962 $ 14 $ 976 MRB Liabilities 5,978 118 6,096 Net Liability $ 5,016 $ 104 $ 5,120 March 31, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets(1) $ 905 $ 15 $ 920 MRB Liabilities(2) 7,914 165 8,079 Net Liability $ 7,009 $ 150 $ 7,159 ___________ (1) Excludes "Assets held-for-sale" of $100 million, as described above. (2) Excludes "Liabilities held-for-sale" of $3,708 million, as described above.

Policyholders' Account Balances

Policyholders' Account Balances	3 Months Ended
Policyholders' Account Balances	Mar. 31, 2023
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Liabilities for Future Policy Benefits	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below. • Benefit Reserves; • Additional Insurance Reserves; and • Deferred Profit Liability Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of actual variances from expected experience and other activity 141 (17) (193) (159) 45 (183) Adjusted balance, BOP 67,110 11,837 31,850 30,118 3,080 143,995 Issuances 2,932 143 647 443 0 4,165 Net premiums / considerations collected (3,637) (353) (1,178) (1,079) (77) (6,324) Interest accrual 517 136 230 204 37 1,124 Foreign currency adjustment 1,867 0 (31) (120) 0 1,716 Other adjustments 0 (4) 40 1 0 37 Balance at original discount rate, EOP 68,789 11,759 31,558 29,567 3,040 144,713 Effect of cumulative changes in discount rate assumptions, EOP (13,465) (321) (618) (611) (30) (15,045) Balance, EOP $ 55,324 $ 11,438 $ 30,940 $ 28,956 $ 3,010 $ 129,668 Other businesses, EOP 92 Total balance, EOP $ 129,760 March 31, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of actual variances from expected experience and other activity 98 (24) (167) (154) 53 (194) Adjusted balance, BOP 138,022 20,276 82,191 91,443 11,954 343,886 Issuances 2,932 143 647 443 0 4,165 Interest accrual 1,208 237 663 585 143 2,836 Benefit payments (2,795) (406) (947) (1,152) (60) (5,360) Foreign currency adjustment 1,908 0 (163) (432) 0 1,313 Other adjustments 48 (7) 93 (2) 0 132 Balance at original discount rate, EOP 141,323 20,243 82,484 90,885 12,037 346,972 Effect of cumulative changes in discount rate assumptions, EOP (17,578) (490) 244 (7,214) (738) (25,776) Balance, EOP $ 123,745 $ 19,753 $ 82,728 $ 83,671 $ 11,299 $ 321,196 Other businesses, EOP 1,952 Total balance, EOP $ 323,148 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 68,421 $ 8,315 $ 51,789 $ 54,715 $ 8,288 $ 191,528 Flooring impact, EOP 4 0 26 11 0 41 Balance, EOP, post-flooring 68,425 8,315 51,815 54,726 8,288 191,569 Less: Reinsurance recoverable 0 728 112 222 0 1,062 Balance after reinsurance recoverable, EOP, post-flooring $ 68,425 $ 7,587 $ 51,703 $ 54,504 $ 8,288 $ 190,507 Other businesses, EOP(1) 1,786 Total balance after reinsurance recoverable, EOP $ 192,293 March 31, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of actual variances from expected experience and other activity 59 62 (196) (1) 9 (67) Adjusted balance, BOP 64,436 11,141 35,805 34,575 2,950 148,907 Issuances 733 144 1,020 808 0 2,705 Net premiums / considerations collected (1,611) (322) (1,317) (1,285) (70) (4,605) Interest accrual 408 126 248 229 35 1,046 Foreign currency adjustment (1,789) 0 (652) (860) 0 (3,301) Other adjustments 0 (10) 57 1 0 48 Balance at original discount rate, EOP 62,177 11,079 35,161 33,468 2,915 144,800 Effect of cumulative changes in discount rate assumptions, EOP (2,240) 884 1,742 1,560 339 2,285 Balance, EOP $ 59,937 $ 11,963 $ 36,903 $ 35,028 $ 3,254 $ 147,085 Other businesses, EOP 106 Total balance, EOP $ 147,191 March 31, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of actual variances from expected experience and other activity (14) 79 (222) (2) 9 (150) Adjusted balance, BOP 128,873 18,971 87,786 101,368 11,337 348,335 Issuances 732 144 1,020 808 0 2,705 Interest accrual 1,007 220 690 631 135 2,683 Benefit payments (2,464) (430) (752) (1,042) (57) (4,745) Foreign currency adjustment (1,843) 0 (1,963) (3,005) 0 (6,811) Other adjustments (245) (15) 123 (5) 0 (143) Balance at original discount rate, EOP 126,060 18,890 86,904 98,755 11,415 342,024 Effect of cumulative changes in discount rate assumptions, EOP 780 1,922 12,837 4,806 2,188 22,533 Balance, EOP $ 126,840 $ 20,812 $ 99,741 $ 103,561 $ 13,603 $ 364,557 Other businesses, EOP 2,458 Reclassified to “Liabilities held-for-sale” (254) Total balance, EOP $ 366,761 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,903 $ 8,849 $ 62,837 $ 68,533 $ 10,349 $ 217,471 Flooring impact, EOP 164 6 12 2 0 184 Balance, EOP, post-flooring 67,067 8,855 62,849 68,535 10,349 217,655 Less: Reinsurance recoverable 0 498 150 258 0 906 Balance after reinsurance recoverable, EOP, post-flooring $ 67,067 $ 8,357 $ 62,699 $ 68,277 $ 10,349 $ 216,749 Other businesses, EOP(1) 2,347 Reclassified to “Liabilities held-for-sale” (254) Total balance after reinsurance recoverable, EOP $ 218,842 __________ (1) Reflects balance after reinsurance recoverable of $74 million and $5 million at March 31, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 106,074 $ 23,352 $ 73,474 $ 62,903 $ 6,901 Discounted expected future gross premiums (at original discount rate) $ 74,439 $ 15,526 $ 56,950 $ 49,872 $ 4,507 Discounted expected future gross premiums (at current discount rate) $ 59,863 $ 15,119 $ 56,318 $ 49,016 $ 4,467 Undiscounted expected future benefits and expenses $ 215,874 $ 31,258 $ 147,802 $ 154,197 $ 29,713 Interest accrual $ 691 $ 101 $ 433 $ 381 $ 106 Gross premiums $ 3,892 $ 461 $ 1,867 $ 1,767 $ 114 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.36 % 5.20 % 3.41 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 5.09 % 5.05 % 2.82 % 2.69 % 5.34 % March 31, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 92,821 $ 25,246 $ 79,809 $ 70,516 $ 7,177 Discounted expected future gross premiums (at original discount rate) $ 67,418 $ 16,519 $ 62,269 $ 56,128 $ 4,608 Discounted expected future gross premiums (at current discount rate) $ 65,100 $ 17,913 $ 65,801 $ 58,875 $ 5,135 Undiscounted expected future benefits and expenses $ 189,797 $ 29,127 $ 156,307 $ 165,525 $ 29,361 Interest accrual $ 599 $ 94 $ 442 $ 402 $ 100 Gross premiums $ 1,713 $ 473 $ 2,090 $ 2,076 $ 112 Weighted-average duration of the liability in years (at original discount rate) 9 10 21 20 19 Weighted-average duration of the liability in years (at current discount rate) 9 10 22 20 20 Weighted-average interest rate (at original discount rate) 4.17 % 5.23 % 3.39 % 2.46 % 4.90 % Weighted-average interest rate (at current discount rate) 3.65 % 3.54 % 2.04 % 1.96 % 3.88 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter, such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss respectively. For both the first three months of 2023 and 2022, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: March 31, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of actual variances from expected experience and other activity 31 (3) (10) 18 Adjusted balance, BOP 5,563 3,376 5,250 14,189 Profits deferred 164 451 373 988 Interest accrual 57 35 39 131 Amortization (141) (288) (257) (686) Foreign currency adjustment 7 8 (18) (3) Other adjustments 0 10 0 10 Balance, EOP, pre-flooring 5,650 3,592 5,387 14,629 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,650 3,592 5,388 14,630 Less: Reinsurance recoverable 0 9 11 20 Balance after reinsurance recoverable $ 5,650 $ 3,583 $ 5,377 14,610 Other businesses 185 Total balance after reinsurance recoverable $ 14,795 March 31, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of actual variances from expected experience and other activity 70 (9) (5) 56 Adjusted balance, BOP 5,253 2,732 5,008 12,993 Profits deferred 13 465 423 901 Interest accrual 50 30 35 115 Amortization (132) (286) (267) (685) Foreign currency adjustment (8) (15) (122) (145) Other adjustments (1) 9 0 8 Balance, EOP, pre-flooring 5,175 2,935 5,077 13,187 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,175 2,935 5,078 13,188 Less: Reinsurance recoverable 0 8 15 23 Balance after reinsurance recoverable $ 5,175 $ 2,927 $ 5,063 13,165 Other businesses 224 Reclassified to “Liabilities held-for-sale” (25) Total balance after reinsurance recoverable $ 13,364 The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (111) $ (205) $ (145) Interest accrual $ 57 $ 35 $ 39 March 31, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ 1 $ (210) $ (187) Interest accrual $ 50 $ 30 $ 35 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: March 31, 2023 March 31, 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of actual variances from expected experience and other activity (33) (42) Adjusted balance, BOP 13,936 10,757 Assessments collected(1) 270 239 Interest accrual 118 92 Benefits paid (74) (67) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,250 11,021 Flooring impact and amounts in AOCI (1,016) 129 Balance, including amounts in AOCI, EOP, post-flooring 13,234 11,150 Less: Reinsurance recoverable 5,338 4,346 Balance after reinsurance recoverable, including amounts in AOCI, EOP 7,896 6,804 Other businesses 151 199 Total balance after reinsurance recoverable $ 8,047 $ 7,003 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in millions) Interest accrual $ 118 $ 92 Gross assessments $ 827 $ 658 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Loss Recognition Liabilities established as a result of the required loss recognition testing as of the period indicated are as follows: Retirement Strategies Institutional March 31, 2023 March 31, 2022 (in millions) Loss recognition liability $ 3 $ 4 Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in millions) Benefit reserves, EOP, post-flooring $ 193,429 $ 219,753 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,385 11,349 Deferred profit liability, EOP, post-flooring 14,814 13,386 Subtotal of amounts disclosed above 221,628 244,488 Other Future Policy Benefits reserves(1) 51,958 53,305 Total Future Policy Benefits $ 273,586 $ 297,793 __________ (1) Represents balances for which disaggregated rollforward disclosures are not required, including Closed Block liabilities, unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Three Months Ended March 31, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,892 $ 461 $ 0 $ 1,867 $ 1,767 $ 142 $ 8,129 Additional insurance reserves 0 0 827 0 0 0 827 Deferred profit liability (111) 0 0 (205) (145) (2) (463) Total $ 3,781 $ 461 $ 827 $ 1,662 $ 1,622 $ 140 $ 8,493 Three Months Ended March 31, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,713 $ 473 $ 0 $ 2,090 $ 2,076 $ 149 $ 6,501 Additional insurance reserves 0 0 658 0 0 0 658 Deferred profit liability 1 0 0 (210) (187) 4 (392) Total $ 1,714 $ 473 $ 658 $ 1,880 $ 1,889 $ 153 $ 6,767 Three Months Ended March 31, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 691 $ 101 $ 0 $ 433 $ 381 $ 120 $ 1,726 Additional insurance reserves 0 0 118 0 0 0 118 Deferred profit liability 57 0 0 35 39 1 132 Total $ 748 $ 101 $ 118 $ 468 $ 420 $ 121 $ 1,976 Three Months Ended March 31, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 599 $ 94 $ 0 $ 442 $ 402 $ 113 $ 1,650 Additional insurance reserves 0 0 92 1 0 0 93 Deferred profit liability 50 0 0 30 35 2 117 Total $ 649 $ 94 $ 92 $ 473 $ 437 $ 115 $ 1,860 __________ (1) Represents "Gross Premiums" for benefit reserves, "Gross Assessments" for additional insurance reserves and "Revenue" for deferred profit liability. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. Policyholders' Account Balances The Company issues variable life and variable universal life insurance 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”). 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 balances of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other (in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 204 1,376 1,043 582 617 645 1,287 5,754 Interest credited 44 160 87 20 199 177 172 859 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (83) (6) (6) 0 (514) (77) (40) (726) Surrenders and withdrawals (453) (1,371) (148) (88) (439) (51) (275) (2,825) Benefit payments 0 (139) (28) (32) (46) (75) (440) (760) Net transfers (to) from separate account 0 0 19 0 77 0 0 96 Change in market value and other adjustments 0 0 191 9 91 6 2 299 Foreign currency adjustment 0 0 0 0 0 (76) (143) (219) Balance, end of period 5,551 17,396 18,682 5,134 26,487 11,717 35,888 120,855 Reinsurance and other recoverable(1) 0 0 0 0 11 1 22 34 Policyholders' account balance net of reinsurance and other recoverable $ 5,551 $ 17,396 $ 18,682 $ 5,134 $ 26,476 $ 11,716 $ 35,866 $ 120,821 Closed Block Division 4,572 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,772 Other(2) 7,940 Total Policyholders' account balance $ 138,139 Weighted-average crediting rate 3.09 % 3.69 % 1.92 % 1.63 % 3.00 % 6.19 % 1.93 % 2.87 % Net amount at risk(3) $ 72,259 $ 0 $ 0 $ 0 $ 370,778 $ 18,055 $ 6,971 $ 468,063 Cash surrender value(4) $ 3,984 $ 17,396 $ 16,640 $ 4,045 $ 21,846 $ 10,100 $ 31,233 $ 105,244 March 31, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Corporate and Other Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other Full Service (in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 36,505 $ 153,975 Deposits 261 1,001 1,190 201 663 205 410 1,722 5,656 Interest credited 36 135 14 5 203 24 126 265 805 Acquisitions and dispositions 0 0 0 0 0 0 0 0 0 Policy charges (78) (6) (1) (1) (506) (51) (26) (58) (727) Surrenders and withdrawals (378) (1,161) (90) (79) (421) (50) (447) (1,759) (4,385) Benefit payments 0 (138) (37) (50) (52) (67) (465) 0 (809) Net transfers (to) from separate account (18) 0 170 0 166 0 0 103 421 Change in market value and other adjustments 0 0 (106) 0 (185) 4 (2) (797) (1,086) Foreign currency adjustment 0 0 0 0 0 (507) (305) 0 (812) Balance, end of period 6,096 16,222 15,265 4,728 26,727 11,113 36,906 35,981 153,038 Reinsurance and other recoverable(1) 0 0 0 0 12 1 25 0 38 Policyholders' account balance net of reinsurance and other recoverable $ 6,096 $ 16,222 $ 15,265 $ 4,728 $ 26,715 $ 11,112 $ 36,881 $ 35,981 $ 153,000 Closed Block Division 4,697 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,069 Other 181 Reclassified to "Liabilities held-for-sale"(5) (39,295) Total Policyholders' account balance $ 122,690 Weighted-average crediting rate 2.30 % 3.30 % 0.38 % 0.43 % 3.03 % 0.85 % 1.35 % 2.92 % 2.11 % Net amount at risk(3) $ 71,021 $ 0 $ 0 $ 0 $ 481,904 $ 15,352 $ 8,019 $ 0 $ 576,296 Cash surrender value(4) $ 3,704 $ 16,222 $ 14,553 $ 3,085 $ 32,089 $ 9,972 $ 34,497 $ 35,981 $ 150,103 ____________ (1) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (2) Includes $7,973 million of Full Service account balances reinsured to Great-West. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment. (5) Represents “Liabilities held-for-sale” of $(11,663) million and $(27,632) million related to the sale of PALAC and Full Service Retirement Business, respectively. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,441 $ 1,441 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 56 0 0 0 56 3.00% - 4.00% 1,634 0 0 0 1,634 Greater than 4.00% 3 0 0 0 3 Total $ 1,693 $ 0 $ 0 $ 1,441 $ 3,134 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,551 0 0 0 1,551 2.00% - 2.99% 583 0 0 0 583 3.00% - 4.00% 5,628 0 0 0 5,628 Greater than 4.00% 1,519 0 0 0 1,519 Total $ 9,681 $ 0 $ 0 $ 0 $ 9,681 Individual Variable Less than 1.00% $ 1,005 $ 848 $ 19 $ 0 $ 1,872 1.00% - 1.99% 239 2 1 0 242 2.00% - 2.99% 32 2 0 0 34 3.00% - 4.00% 2,209 9 10 0 2,228 Greater than 4.00% 104 0 0 0 104 Total $ 3,589 $ 861 $ 30 $ 0 $ 4,480 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 585 128 253 84 1,050 2.00% - 2.99% 496 211 27 11 745 3.00% - 4.00% 371 6 0 0 377 Greater than 4.00% 101 0 0 0 101 Total $ 1,553 $ 345 $ 280 $ 95 $ 2,273 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 11 $ 11 1.00% - 1.99% 150 0 1,073 1,949 3,172 2.00% - 2.99% 374 123 4,019 280 4,796 3.00% - 4.00% 7,565 1,918 561 7 10,051 Greater than 4.00% 5,549 0 0 0 5,549 Total $ 13,638 $ 2,041 $ 5,653 $ 2,247 $ 23,579 Life Planner Less than 1.00% $ 357 $ 27 $ 91 $ 831 $ 1,306 1.00% - 1.99% 3,156 25 0 0 3,181 2.00% - 2.99% 2,259 0 0 0 2,259 3.00% - 4.00% 339 0 0 0 339 Greater than 4.00% 407 0 0 0 407 Total $ 6,518 $ 52 $ 91 $ 831 $ 7,492 Gibraltar Less than 1.00% $ 17,023 $ 0 $ 0 $ 0 $ 17,023 1.00% - 1.99% 9,870 0 0 0 9,870 2.00% - 2.99% 3,253 335 40 0 3,628 3.00% - 4.00% 3,201 0 0 0 3,201 Greater than 4.00% 1,904 0 0 0 1,904 Total $ 35,251 $ 335 $ 40 $ 0 $ 35,626 March 31, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,900 $ 1,900 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,672 0 0 0 1,672 Greater than 4.00% 4 0 0 0 4 Total $ 1,738 $ 0 $ 0 $ 1,900 $ 3,638 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,571 0 0 0 1,571 2.00% - 2.99% 1,244 0 0 0 1,244 3.00% - 4.00% 4,618 0 0 0 4,618 Greater than 4.00% 1,031 0 0 0 1,031 Total $ 8,864 $ 0 $ 0 $ 0 $ 8,864 Individual Variable Less than 1.00% $ 1,414 $ 885 $ 19 $ 0 $ 2,318 1.00% - 1.99% 261 2 1 0 264 2.00% - 2.99% 111 0 1 0 112 3.00% - 4.00% 3,131 6 10 0 3,147 Greater than 4.00% 114 0 0 0 114 Total $ 5,031 $ 893 $ 31 $ 0 $ 5,955 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 656 56 90 5 807 2.00% - 2.99% 584 0 0 0 584 3.00% - 4.00% 416 2 0 0 418 Greater than 4.00% 112 0 0 0 112 Total $ 1,768 $ 58 $ 90 $ 5 $ 1,921 Variable & Universal Life Less than 1.00% $ 17 $ 0 $ 0 $ 0 $ 17 1.00% - 1.99% 361 0 650 1,981 2,992 2.00% - 2.99% 405 0 2,223 2,127 4,755 3.00% - 4.00% 7,916 12 2,510 156 10,594 Greater than 4.00% 5,595 0 0 0 5,595 Total $ 14,294 $ 12 $ 5,383 $ 4,264 $ 23,953 Life Planner Less than 1.00% $ 390 $ 28 $ 98 $ 6 $ 522 1.00% - 1.99% 3,420 23 0 0 3,443 2.00% - 2.99% 2,494 0 0 0 2,494 3.00% - 4.00% 314 0 0 0 314 Greater than 4.00% 424 0 0 0 424 Total $ 7,042 $ 51 $ 98 $ 6 $ 7,197 Gibraltar Less than 1.00% $ 20,729 $ 0 $ 0 $ 0 $ 20,729 1.00% - 1.99% 11,255 0 0 0 11,255 2.00% - 2.99% 3,414 419 0 0 3,833 3.00% - 4.00% 439 0 0 0 439 Greater than 4.00% 280 0 0 0 280 Total $ 36,117 $ 419 $ 0 $ 0 $ 36,536 Full Service Less than 1.00% $ 428 $ 0 $ 0 $ 0 $ 428 1.00% - 1.99% 13,582 13,307 1,998 0 28,887 2.00% - 2.99% 6 0 29 0 35 3.00% - 4.00% 6,615 0 0 0 6,615 Greater than 4.00% 16 0 0 0 16 Total $ 20,647 $ 13,307 $ 2,027 $ 0 $ 35,981 ____________ (1) Excludes Japan variable annuity and variable life, and any other contracts without minimum guaranteed rates. In addition, excludes the account values related to index-linked crediting options which do not have a minimum guaranteed crediting rate as returns are based on index. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 March 31, 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 300 403 Claims paid (32) (18) Interest accrual 85 9 Actual in force different from expected 19 29 Effect of changes in interest rates 463 (3,258) Effect of changes in equity markets (671) 1,150 Other adjustments 78 0 Balance, EOP, before effect of changes in NPR 7,057 12,605 Effect of cumulative changes in NPR (2,014) (1,988) Balance, EOP 5,043 10,617 Less: Reinsured MRB 28 68 Balance, EOP, net of reinsurance 5,015 10,549 Other businesses 105 218 Reclassified to “Assets and Liabilities held-for-sale”(1) 0 (3,608) Total net MRB balance $ 5,120 $ 7,159 ___________ (1) Represents “Assets held-for-sale” of $100 million in Individual Retirement Strategies and “Liabilities held-for-sale” of $3,640 million in Individual Retirement Strategies and $68 million in Full Service Retirement (in Other businesses) as of March 31, 2022. The following table presents accompanying information to the rollforward table above. March 31, 2023 March 31, 2022 ($ in millions) Net amount at risk $ 11,332 $ 8,056 Weighted-average attained age of contractholders 69 67 The tables below reconcile MRB asset and liability positions as of the following dates: March 31, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 962 $ 14 $ 976 MRB Liabilities 5,978 118 6,096 Net Liability $ 5,016 $ 104 $ 5,120 March 31, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets(1) $ 905 $ 15 $ 920 MRB Liabilities(2) 7,914 165 8,079 Net Liability $ 7,009 $ 150 $ 7,159 ___________ (1) Excludes "Assets held-for-sale" of $100 million, as described above. (2) Excludes "Liabilities held-for-sale" of $3,708 million, as described above.

Market Risk Benefits

Market Risk Benefits	3 Months Ended
Market Risk Benefits	Mar. 31, 2023
Insurance [Abstract]
Separate Accounts	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below. • Benefit Reserves; • Additional Insurance Reserves; and • Deferred Profit Liability Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of actual variances from expected experience and other activity 141 (17) (193) (159) 45 (183) Adjusted balance, BOP 67,110 11,837 31,850 30,118 3,080 143,995 Issuances 2,932 143 647 443 0 4,165 Net premiums / considerations collected (3,637) (353) (1,178) (1,079) (77) (6,324) Interest accrual 517 136 230 204 37 1,124 Foreign currency adjustment 1,867 0 (31) (120) 0 1,716 Other adjustments 0 (4) 40 1 0 37 Balance at original discount rate, EOP 68,789 11,759 31,558 29,567 3,040 144,713 Effect of cumulative changes in discount rate assumptions, EOP (13,465) (321) (618) (611) (30) (15,045) Balance, EOP $ 55,324 $ 11,438 $ 30,940 $ 28,956 $ 3,010 $ 129,668 Other businesses, EOP 92 Total balance, EOP $ 129,760 March 31, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of actual variances from expected experience and other activity 98 (24) (167) (154) 53 (194) Adjusted balance, BOP 138,022 20,276 82,191 91,443 11,954 343,886 Issuances 2,932 143 647 443 0 4,165 Interest accrual 1,208 237 663 585 143 2,836 Benefit payments (2,795) (406) (947) (1,152) (60) (5,360) Foreign currency adjustment 1,908 0 (163) (432) 0 1,313 Other adjustments 48 (7) 93 (2) 0 132 Balance at original discount rate, EOP 141,323 20,243 82,484 90,885 12,037 346,972 Effect of cumulative changes in discount rate assumptions, EOP (17,578) (490) 244 (7,214) (738) (25,776) Balance, EOP $ 123,745 $ 19,753 $ 82,728 $ 83,671 $ 11,299 $ 321,196 Other businesses, EOP 1,952 Total balance, EOP $ 323,148 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 68,421 $ 8,315 $ 51,789 $ 54,715 $ 8,288 $ 191,528 Flooring impact, EOP 4 0 26 11 0 41 Balance, EOP, post-flooring 68,425 8,315 51,815 54,726 8,288 191,569 Less: Reinsurance recoverable 0 728 112 222 0 1,062 Balance after reinsurance recoverable, EOP, post-flooring $ 68,425 $ 7,587 $ 51,703 $ 54,504 $ 8,288 $ 190,507 Other businesses, EOP(1) 1,786 Total balance after reinsurance recoverable, EOP $ 192,293 March 31, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of actual variances from expected experience and other activity 59 62 (196) (1) 9 (67) Adjusted balance, BOP 64,436 11,141 35,805 34,575 2,950 148,907 Issuances 733 144 1,020 808 0 2,705 Net premiums / considerations collected (1,611) (322) (1,317) (1,285) (70) (4,605) Interest accrual 408 126 248 229 35 1,046 Foreign currency adjustment (1,789) 0 (652) (860) 0 (3,301) Other adjustments 0 (10) 57 1 0 48 Balance at original discount rate, EOP 62,177 11,079 35,161 33,468 2,915 144,800 Effect of cumulative changes in discount rate assumptions, EOP (2,240) 884 1,742 1,560 339 2,285 Balance, EOP $ 59,937 $ 11,963 $ 36,903 $ 35,028 $ 3,254 $ 147,085 Other businesses, EOP 106 Total balance, EOP $ 147,191 March 31, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of actual variances from expected experience and other activity (14) 79 (222) (2) 9 (150) Adjusted balance, BOP 128,873 18,971 87,786 101,368 11,337 348,335 Issuances 732 144 1,020 808 0 2,705 Interest accrual 1,007 220 690 631 135 2,683 Benefit payments (2,464) (430) (752) (1,042) (57) (4,745) Foreign currency adjustment (1,843) 0 (1,963) (3,005) 0 (6,811) Other adjustments (245) (15) 123 (5) 0 (143) Balance at original discount rate, EOP 126,060 18,890 86,904 98,755 11,415 342,024 Effect of cumulative changes in discount rate assumptions, EOP 780 1,922 12,837 4,806 2,188 22,533 Balance, EOP $ 126,840 $ 20,812 $ 99,741 $ 103,561 $ 13,603 $ 364,557 Other businesses, EOP 2,458 Reclassified to “Liabilities held-for-sale” (254) Total balance, EOP $ 366,761 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,903 $ 8,849 $ 62,837 $ 68,533 $ 10,349 $ 217,471 Flooring impact, EOP 164 6 12 2 0 184 Balance, EOP, post-flooring 67,067 8,855 62,849 68,535 10,349 217,655 Less: Reinsurance recoverable 0 498 150 258 0 906 Balance after reinsurance recoverable, EOP, post-flooring $ 67,067 $ 8,357 $ 62,699 $ 68,277 $ 10,349 $ 216,749 Other businesses, EOP(1) 2,347 Reclassified to “Liabilities held-for-sale” (254) Total balance after reinsurance recoverable, EOP $ 218,842 __________ (1) Reflects balance after reinsurance recoverable of $74 million and $5 million at March 31, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 106,074 $ 23,352 $ 73,474 $ 62,903 $ 6,901 Discounted expected future gross premiums (at original discount rate) $ 74,439 $ 15,526 $ 56,950 $ 49,872 $ 4,507 Discounted expected future gross premiums (at current discount rate) $ 59,863 $ 15,119 $ 56,318 $ 49,016 $ 4,467 Undiscounted expected future benefits and expenses $ 215,874 $ 31,258 $ 147,802 $ 154,197 $ 29,713 Interest accrual $ 691 $ 101 $ 433 $ 381 $ 106 Gross premiums $ 3,892 $ 461 $ 1,867 $ 1,767 $ 114 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.36 % 5.20 % 3.41 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 5.09 % 5.05 % 2.82 % 2.69 % 5.34 % March 31, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 92,821 $ 25,246 $ 79,809 $ 70,516 $ 7,177 Discounted expected future gross premiums (at original discount rate) $ 67,418 $ 16,519 $ 62,269 $ 56,128 $ 4,608 Discounted expected future gross premiums (at current discount rate) $ 65,100 $ 17,913 $ 65,801 $ 58,875 $ 5,135 Undiscounted expected future benefits and expenses $ 189,797 $ 29,127 $ 156,307 $ 165,525 $ 29,361 Interest accrual $ 599 $ 94 $ 442 $ 402 $ 100 Gross premiums $ 1,713 $ 473 $ 2,090 $ 2,076 $ 112 Weighted-average duration of the liability in years (at original discount rate) 9 10 21 20 19 Weighted-average duration of the liability in years (at current discount rate) 9 10 22 20 20 Weighted-average interest rate (at original discount rate) 4.17 % 5.23 % 3.39 % 2.46 % 4.90 % Weighted-average interest rate (at current discount rate) 3.65 % 3.54 % 2.04 % 1.96 % 3.88 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter, such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss respectively. For both the first three months of 2023 and 2022, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: March 31, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of actual variances from expected experience and other activity 31 (3) (10) 18 Adjusted balance, BOP 5,563 3,376 5,250 14,189 Profits deferred 164 451 373 988 Interest accrual 57 35 39 131 Amortization (141) (288) (257) (686) Foreign currency adjustment 7 8 (18) (3) Other adjustments 0 10 0 10 Balance, EOP, pre-flooring 5,650 3,592 5,387 14,629 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,650 3,592 5,388 14,630 Less: Reinsurance recoverable 0 9 11 20 Balance after reinsurance recoverable $ 5,650 $ 3,583 $ 5,377 14,610 Other businesses 185 Total balance after reinsurance recoverable $ 14,795 March 31, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of actual variances from expected experience and other activity 70 (9) (5) 56 Adjusted balance, BOP 5,253 2,732 5,008 12,993 Profits deferred 13 465 423 901 Interest accrual 50 30 35 115 Amortization (132) (286) (267) (685) Foreign currency adjustment (8) (15) (122) (145) Other adjustments (1) 9 0 8 Balance, EOP, pre-flooring 5,175 2,935 5,077 13,187 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,175 2,935 5,078 13,188 Less: Reinsurance recoverable 0 8 15 23 Balance after reinsurance recoverable $ 5,175 $ 2,927 $ 5,063 13,165 Other businesses 224 Reclassified to “Liabilities held-for-sale” (25) Total balance after reinsurance recoverable $ 13,364 The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (111) $ (205) $ (145) Interest accrual $ 57 $ 35 $ 39 March 31, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ 1 $ (210) $ (187) Interest accrual $ 50 $ 30 $ 35 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: March 31, 2023 March 31, 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of actual variances from expected experience and other activity (33) (42) Adjusted balance, BOP 13,936 10,757 Assessments collected(1) 270 239 Interest accrual 118 92 Benefits paid (74) (67) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,250 11,021 Flooring impact and amounts in AOCI (1,016) 129 Balance, including amounts in AOCI, EOP, post-flooring 13,234 11,150 Less: Reinsurance recoverable 5,338 4,346 Balance after reinsurance recoverable, including amounts in AOCI, EOP 7,896 6,804 Other businesses 151 199 Total balance after reinsurance recoverable $ 8,047 $ 7,003 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in millions) Interest accrual $ 118 $ 92 Gross assessments $ 827 $ 658 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Loss Recognition Liabilities established as a result of the required loss recognition testing as of the period indicated are as follows: Retirement Strategies Institutional March 31, 2023 March 31, 2022 (in millions) Loss recognition liability $ 3 $ 4 Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in millions) Benefit reserves, EOP, post-flooring $ 193,429 $ 219,753 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,385 11,349 Deferred profit liability, EOP, post-flooring 14,814 13,386 Subtotal of amounts disclosed above 221,628 244,488 Other Future Policy Benefits reserves(1) 51,958 53,305 Total Future Policy Benefits $ 273,586 $ 297,793 __________ (1) Represents balances for which disaggregated rollforward disclosures are not required, including Closed Block liabilities, unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Three Months Ended March 31, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,892 $ 461 $ 0 $ 1,867 $ 1,767 $ 142 $ 8,129 Additional insurance reserves 0 0 827 0 0 0 827 Deferred profit liability (111) 0 0 (205) (145) (2) (463) Total $ 3,781 $ 461 $ 827 $ 1,662 $ 1,622 $ 140 $ 8,493 Three Months Ended March 31, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,713 $ 473 $ 0 $ 2,090 $ 2,076 $ 149 $ 6,501 Additional insurance reserves 0 0 658 0 0 0 658 Deferred profit liability 1 0 0 (210) (187) 4 (392) Total $ 1,714 $ 473 $ 658 $ 1,880 $ 1,889 $ 153 $ 6,767 Three Months Ended March 31, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 691 $ 101 $ 0 $ 433 $ 381 $ 120 $ 1,726 Additional insurance reserves 0 0 118 0 0 0 118 Deferred profit liability 57 0 0 35 39 1 132 Total $ 748 $ 101 $ 118 $ 468 $ 420 $ 121 $ 1,976 Three Months Ended March 31, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 599 $ 94 $ 0 $ 442 $ 402 $ 113 $ 1,650 Additional insurance reserves 0 0 92 1 0 0 93 Deferred profit liability 50 0 0 30 35 2 117 Total $ 649 $ 94 $ 92 $ 473 $ 437 $ 115 $ 1,860 __________ (1) Represents "Gross Premiums" for benefit reserves, "Gross Assessments" for additional insurance reserves and "Revenue" for deferred profit liability. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. Policyholders' Account Balances The Company issues variable life and variable universal life insurance 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”). 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 balances of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other (in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 204 1,376 1,043 582 617 645 1,287 5,754 Interest credited 44 160 87 20 199 177 172 859 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (83) (6) (6) 0 (514) (77) (40) (726) Surrenders and withdrawals (453) (1,371) (148) (88) (439) (51) (275) (2,825) Benefit payments 0 (139) (28) (32) (46) (75) (440) (760) Net transfers (to) from separate account 0 0 19 0 77 0 0 96 Change in market value and other adjustments 0 0 191 9 91 6 2 299 Foreign currency adjustment 0 0 0 0 0 (76) (143) (219) Balance, end of period 5,551 17,396 18,682 5,134 26,487 11,717 35,888 120,855 Reinsurance and other recoverable(1) 0 0 0 0 11 1 22 34 Policyholders' account balance net of reinsurance and other recoverable $ 5,551 $ 17,396 $ 18,682 $ 5,134 $ 26,476 $ 11,716 $ 35,866 $ 120,821 Closed Block Division 4,572 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,772 Other(2) 7,940 Total Policyholders' account balance $ 138,139 Weighted-average crediting rate 3.09 % 3.69 % 1.92 % 1.63 % 3.00 % 6.19 % 1.93 % 2.87 % Net amount at risk(3) $ 72,259 $ 0 $ 0 $ 0 $ 370,778 $ 18,055 $ 6,971 $ 468,063 Cash surrender value(4) $ 3,984 $ 17,396 $ 16,640 $ 4,045 $ 21,846 $ 10,100 $ 31,233 $ 105,244 March 31, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Corporate and Other Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other Full Service (in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 36,505 $ 153,975 Deposits 261 1,001 1,190 201 663 205 410 1,722 5,656 Interest credited 36 135 14 5 203 24 126 265 805 Acquisitions and dispositions 0 0 0 0 0 0 0 0 0 Policy charges (78) (6) (1) (1) (506) (51) (26) (58) (727) Surrenders and withdrawals (378) (1,161) (90) (79) (421) (50) (447) (1,759) (4,385) Benefit payments 0 (138) (37) (50) (52) (67) (465) 0 (809) Net transfers (to) from separate account (18) 0 170 0 166 0 0 103 421 Change in market value and other adjustments 0 0 (106) 0 (185) 4 (2) (797) (1,086) Foreign currency adjustment 0 0 0 0 0 (507) (305) 0 (812) Balance, end of period 6,096 16,222 15,265 4,728 26,727 11,113 36,906 35,981 153,038 Reinsurance and other recoverable(1) 0 0 0 0 12 1 25 0 38 Policyholders' account balance net of reinsurance and other recoverable $ 6,096 $ 16,222 $ 15,265 $ 4,728 $ 26,715 $ 11,112 $ 36,881 $ 35,981 $ 153,000 Closed Block Division 4,697 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,069 Other 181 Reclassified to "Liabilities held-for-sale"(5) (39,295) Total Policyholders' account balance $ 122,690 Weighted-average crediting rate 2.30 % 3.30 % 0.38 % 0.43 % 3.03 % 0.85 % 1.35 % 2.92 % 2.11 % Net amount at risk(3) $ 71,021 $ 0 $ 0 $ 0 $ 481,904 $ 15,352 $ 8,019 $ 0 $ 576,296 Cash surrender value(4) $ 3,704 $ 16,222 $ 14,553 $ 3,085 $ 32,089 $ 9,972 $ 34,497 $ 35,981 $ 150,103 ____________ (1) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (2) Includes $7,973 million of Full Service account balances reinsured to Great-West. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment. (5) Represents “Liabilities held-for-sale” of $(11,663) million and $(27,632) million related to the sale of PALAC and Full Service Retirement Business, respectively. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,441 $ 1,441 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 56 0 0 0 56 3.00% - 4.00% 1,634 0 0 0 1,634 Greater than 4.00% 3 0 0 0 3 Total $ 1,693 $ 0 $ 0 $ 1,441 $ 3,134 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,551 0 0 0 1,551 2.00% - 2.99% 583 0 0 0 583 3.00% - 4.00% 5,628 0 0 0 5,628 Greater than 4.00% 1,519 0 0 0 1,519 Total $ 9,681 $ 0 $ 0 $ 0 $ 9,681 Individual Variable Less than 1.00% $ 1,005 $ 848 $ 19 $ 0 $ 1,872 1.00% - 1.99% 239 2 1 0 242 2.00% - 2.99% 32 2 0 0 34 3.00% - 4.00% 2,209 9 10 0 2,228 Greater than 4.00% 104 0 0 0 104 Total $ 3,589 $ 861 $ 30 $ 0 $ 4,480 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 585 128 253 84 1,050 2.00% - 2.99% 496 211 27 11 745 3.00% - 4.00% 371 6 0 0 377 Greater than 4.00% 101 0 0 0 101 Total $ 1,553 $ 345 $ 280 $ 95 $ 2,273 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 11 $ 11 1.00% - 1.99% 150 0 1,073 1,949 3,172 2.00% - 2.99% 374 123 4,019 280 4,796 3.00% - 4.00% 7,565 1,918 561 7 10,051 Greater than 4.00% 5,549 0 0 0 5,549 Total $ 13,638 $ 2,041 $ 5,653 $ 2,247 $ 23,579 Life Planner Less than 1.00% $ 357 $ 27 $ 91 $ 831 $ 1,306 1.00% - 1.99% 3,156 25 0 0 3,181 2.00% - 2.99% 2,259 0 0 0 2,259 3.00% - 4.00% 339 0 0 0 339 Greater than 4.00% 407 0 0 0 407 Total $ 6,518 $ 52 $ 91 $ 831 $ 7,492 Gibraltar Less than 1.00% $ 17,023 $ 0 $ 0 $ 0 $ 17,023 1.00% - 1.99% 9,870 0 0 0 9,870 2.00% - 2.99% 3,253 335 40 0 3,628 3.00% - 4.00% 3,201 0 0 0 3,201 Greater than 4.00% 1,904 0 0 0 1,904 Total $ 35,251 $ 335 $ 40 $ 0 $ 35,626 March 31, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,900 $ 1,900 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,672 0 0 0 1,672 Greater than 4.00% 4 0 0 0 4 Total $ 1,738 $ 0 $ 0 $ 1,900 $ 3,638 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,571 0 0 0 1,571 2.00% - 2.99% 1,244 0 0 0 1,244 3.00% - 4.00% 4,618 0 0 0 4,618 Greater than 4.00% 1,031 0 0 0 1,031 Total $ 8,864 $ 0 $ 0 $ 0 $ 8,864 Individual Variable Less than 1.00% $ 1,414 $ 885 $ 19 $ 0 $ 2,318 1.00% - 1.99% 261 2 1 0 264 2.00% - 2.99% 111 0 1 0 112 3.00% - 4.00% 3,131 6 10 0 3,147 Greater than 4.00% 114 0 0 0 114 Total $ 5,031 $ 893 $ 31 $ 0 $ 5,955 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 656 56 90 5 807 2.00% - 2.99% 584 0 0 0 584 3.00% - 4.00% 416 2 0 0 418 Greater than 4.00% 112 0 0 0 112 Total $ 1,768 $ 58 $ 90 $ 5 $ 1,921 Variable & Universal Life Less than 1.00% $ 17 $ 0 $ 0 $ 0 $ 17 1.00% - 1.99% 361 0 650 1,981 2,992 2.00% - 2.99% 405 0 2,223 2,127 4,755 3.00% - 4.00% 7,916 12 2,510 156 10,594 Greater than 4.00% 5,595 0 0 0 5,595 Total $ 14,294 $ 12 $ 5,383 $ 4,264 $ 23,953 Life Planner Less than 1.00% $ 390 $ 28 $ 98 $ 6 $ 522 1.00% - 1.99% 3,420 23 0 0 3,443 2.00% - 2.99% 2,494 0 0 0 2,494 3.00% - 4.00% 314 0 0 0 314 Greater than 4.00% 424 0 0 0 424 Total $ 7,042 $ 51 $ 98 $ 6 $ 7,197 Gibraltar Less than 1.00% $ 20,729 $ 0 $ 0 $ 0 $ 20,729 1.00% - 1.99% 11,255 0 0 0 11,255 2.00% - 2.99% 3,414 419 0 0 3,833 3.00% - 4.00% 439 0 0 0 439 Greater than 4.00% 280 0 0 0 280 Total $ 36,117 $ 419 $ 0 $ 0 $ 36,536 Full Service Less than 1.00% $ 428 $ 0 $ 0 $ 0 $ 428 1.00% - 1.99% 13,582 13,307 1,998 0 28,887 2.00% - 2.99% 6 0 29 0 35 3.00% - 4.00% 6,615 0 0 0 6,615 Greater than 4.00% 16 0 0 0 16 Total $ 20,647 $ 13,307 $ 2,027 $ 0 $ 35,981 ____________ (1) Excludes Japan variable annuity and variable life, and any other contracts without minimum guaranteed rates. In addition, excludes the account values related to index-linked crediting options which do not have a minimum guaranteed crediting rate as returns are based on index. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 March 31, 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 300 403 Claims paid (32) (18) Interest accrual 85 9 Actual in force different from expected 19 29 Effect of changes in interest rates 463 (3,258) Effect of changes in equity markets (671) 1,150 Other adjustments 78 0 Balance, EOP, before effect of changes in NPR 7,057 12,605 Effect of cumulative changes in NPR (2,014) (1,988) Balance, EOP 5,043 10,617 Less: Reinsured MRB 28 68 Balance, EOP, net of reinsurance 5,015 10,549 Other businesses 105 218 Reclassified to “Assets and Liabilities held-for-sale”(1) 0 (3,608) Total net MRB balance $ 5,120 $ 7,159 ___________ (1) Represents “Assets held-for-sale” of $100 million in Individual Retirement Strategies and “Liabilities held-for-sale” of $3,640 million in Individual Retirement Strategies and $68 million in Full Service Retirement (in Other businesses) as of March 31, 2022. The following table presents accompanying information to the rollforward table above. March 31, 2023 March 31, 2022 ($ in millions) Net amount at risk $ 11,332 $ 8,056 Weighted-average attained age of contractholders 69 67 The tables below reconcile MRB asset and liability positions as of the following dates: March 31, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 962 $ 14 $ 976 MRB Liabilities 5,978 118 6,096 Net Liability $ 5,016 $ 104 $ 5,120 March 31, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets(1) $ 905 $ 15 $ 920 MRB Liabilities(2) 7,914 165 8,079 Net Liability $ 7,009 $ 150 $ 7,159 ___________ (1) Excludes "Assets held-for-sale" of $100 million, as described above. (2) Excludes "Liabilities held-for-sale" of $3,708 million, as described above.

Reinsurance

Reinsurance	3 Months Ended
Reinsurance	Mar. 31, 2023
Insurance [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, now known as Fortitude Life Insurance and Annuity Company (“FLIAC”), the Company entered into a reinsurance agreement with FLIAC under which the Company assumed all of FLIAC’s 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, market risk benefits, policyholders’ benefits, and change in estimates of liability for future policy benefits, are as follows: Three Months Ended March 31, 2023 2022 (in millions) Direct premiums $ 8,750 $ 7,240 Reinsurance assumed 1,178 1,026 Reinsurance ceded (565) (577) Premiums $ 9,363 $ 7,689 Direct policy charges and fee income $ 966 $ 1,129 Reinsurance assumed 308 300 Reinsurance ceded (140) (130) Policy charges and fee income $ 1,134 $ 1,299 Direct change in value of market risk benefits, net of related hedging gains (losses) $ 80 $ (242) Reinsurance assumed 0 23 Reinsurance ceded (5) (51) Change in value of market risk benefits, net of related hedging gains (losses) $ 75 $ (270) Direct policyholders’ benefits $ 9,594 $ 8,080 Reinsurance assumed 1,565 1,485 Reinsurance ceded (855) (790) Policyholders’ benefits $ 10,304 $ 8,775 Direct change in estimates of liability for future policy benefits $ (24) $ (118) Reinsurance assumed 4 (18) Reinsurance ceded 45 (9) Change in estimates of liability for future policy benefits $ 25 $ (145) Reinsurance recoverables, are as follows: March 31, 2023 December 31, 2022 (in millions) Individual and group annuities(1) $ 2,137 $ 2,078 Life insurance(2) 8,247 7,981 Other reinsurance 415 358 Total reinsurance recoverables(3) $ 10,799 $ 10,417 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance agreement with FLIAC in which the Company assumed all of FLIAC’s indexed variable annuities of $2,076 million and $1,986 million as of March 31, 2023 and December 31, 2022, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $2,073 million and $2,041 million as of March 31, 2023 and December 31, 2022, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,350 million and $1,327 million as of March 31, 2023 and December 31, 2022, respectively. (3) Net of $(16) million and $(15) million of loss allowance as of March 31, 2023 and December 31, 2022, respectively. Excluding the reinsurance recoverables associated with the acquisition of the Hartford Life Business, four major reinsurance companies account for approximately 61% of the Company’s reinsurance recoverables as of March 31, 2023. 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	3 Months Ended
Closed Block	Mar. 31, 2023
Closed Block Disclosure [Abstract]
Closed Block	CLOSED BLOCK On December 18, 2001, the date of demutualization, The Prudential Insurance Company of America (“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. For additional information regarding the Closed Block, see Note 15 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2022. As of March 31, 2023, the Company recognized a policyholder dividend obligation of $3,182 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings. Additionally, accumulated net unrealized investment gains (losses) were reflected as a policyholder dividend obligation of $(2,412) million at March 31, 2023 with a corresponding amount reported in AOCI. At 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 the 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. As of March 31, 2023, the Closed Block has sufficient funds to make guaranteed policy benefit payments and there is no expectation that assets outside of the Closed Block will be needed to fund future payments. The excess of Closed Block liabilities over Closed Block assets as of the end of the reporting period shown in the table below is a reasonable measure of the margin in the reported liabilities compared to best estimate liabilities assuming the current dividend scale. Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: March 31, December 31, (in millions) Closed Block liabilities Future policy benefits $ 44,119 $ 44,414 Policyholders’ dividends payable 629 617 Policyholders’ dividend obligation 770 0 Policyholders’ account balances 4,572 4,607 Other Closed Block liabilities 3,364 3,499 Total Closed Block liabilities 53,454 53,137 Closed Block assets Fixed maturities, available-for-sale, at fair value 30,716 29,898 Fixed maturities, trading, at fair value 868 900 Equity securities, at fair value 1,843 1,733 Commercial mortgage and other loans 7,781 7,926 Policy loans 3,586 3,637 Other invested assets 4,828 4,254 Short-term investments 331 337 Total investments 49,953 48,685 Cash and cash equivalents 484 1,307 Accrued investment income 430 402 Other Closed Block assets 127 162 Total Closed Block assets 50,994 50,556 Excess of reported Closed Block liabilities over Closed Block assets 2,460 2,581 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (2,570) (3,458) Allocated to policyholder dividend obligation 2,412 3,207 Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,302 $ 2,330 Information regarding the policyholder dividend obligation is as follows: Three Months Ended (in millions) Balance, December 31, 2022 $ 0 Impact from earnings allocable to policyholder dividend obligation (25) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 795 Balance, March 31, 2023 $ 770 Closed Block revenues and benefits and expenses are as follows for the periods indicated: Three Months Ended 2023 2022 (in millions) Revenues Premiums $ 406 $ 408 Net investment income 479 556 Realized investment gains (losses), net (17) 100 Other income (loss) 100 (98) Total Closed Block revenues 968 966 Benefits and Expenses Policyholders’ benefits 572 624 Interest credited to policyholders’ account balances 30 30 Dividends to policyholders 302 211 General and administrative expenses 73 73 Total Closed Block benefits and expenses 977 938 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (9) 28 Income tax expense (benefit) (32) 1 Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 23 $ 27

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company uses a full year projected effective tax rate approach to calculate year-to-date taxes. In determining the full year projected tax rate, the Company considers the realizability of deferred tax assets, including those associated with unrealized investment losses, and has determined based upon the weight of available evidence that no valuation allowance is necessary related to unrealized investment losses. In addition, certain items impacting total income tax expense are recorded in the periods in which they occur. The projected effective tax rate is the ratio of projected “Total income tax expense” divided by projected “Income before income taxes and equity in earnings of operating joint ventures.” Taxes attributable to operating joint ventures are recorded within “Equity in earnings of operating joint ventures, net of taxes.” The interim period tax expense (or benefit) is the difference between the year-to-date income tax provision and the amounts reported for the previous interim periods of the fiscal year. The Company’s income tax provision, on a consolidated basis, amounted to an income tax expense of $382 million, or 20.7% of income (loss) before income taxes and equity in earnings of operating joint ventures, in the first three months of 2023, compared to an income tax benefit of $(144) million, or 21.9%, in the first three months of 2022. The Company’s current and prior effective tax rates differ from the U.S. statutory rate of 21% primarily due to non-taxable investment income, tax credits, foreign earnings taxed at higher rates than the U.S. statutory rate, and the items 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. As a result, a $16 million tax expense is reflected as part of the Company’s results for the first three months of 2022. 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. GILTI High Tax Exclusion. On July 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations which allows 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 the Company operates, including Japan and Brazil, there are differences between local tax rules used to determine the tax base and the U.S. tax principles used to determine GILTI. Also, the Company’s 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 annual exclusion. The Company anticipates making the high-tax exception election for the 2022 and 2023 tax years and reflected the impact of the election in its full year projected effective tax rate used to calculate year-to-date taxes for the first three months of 2022 and 2023. Inflation Reduction Act. On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the “Inflation Reduction Act”). One of the most significant provisions of the Inflation Reduction Act is a 15% alternative minimum tax based on the Company’s GAAP income, with certain adjustments. This provision, which is applicable only to companies with average applicable financial statement income over $1 billion for any three-year period ending in 2022 or later, is effective in taxable years beginning after December 31, 2022. The impact of the book-income alternative minimum tax, if any, will vary from year to year based on the relationship of the Company’s GAAP income to the Company’s taxable income. Any tax paid pursuant to this provision is available as a tax credit in future years when the Company’s tax rate exceeds the 15% minimum tax threshold.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	3 Months Ended
Short-Term and Long-Term Debt	Mar. 31, 2023
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 as of the dates indicated: March 31, 2023 December 31, 2022 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 409 413 Subtotal commercial paper 434 438 Current portion of long-term debt: Senior Notes 173 173 Mortgage debt 82 155 Surplus notes subject to set-off arrangements(1) 500 500 Subtotal current portion of long-term debt 755 828 Other(2) 16 9 Subtotal 1,205 1,275 Less: assets under set-off arrangements(1) 500 500 Total short-term debt(3) $ 705 $ 775 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 100 $ 130 Daily average commercial paper outstanding for the quarter ended $ 963 $ 1,312 Weighted average maturity of outstanding commercial paper, in days 66 98 Weighted average interest rate on outstanding commercial paper 5.02 % 4.69 % _________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in short-term debt. (2) Includes $16 million and $9 million drawn on a revolving line of credit held by a subsidiary at March 31, 2023 and December 31, 2022, respectively. (3) Includes Prudential Financial debt of $25 million at both March 31, 2023 and December 31, 2022. Prudential Financial and certain subsidiaries have access to external sources of liquidity, including membership in the Federal Home Loan Bank of New York (“FHLBNY”), commercial paper programs and contingent financing facilities in the f orm of a put option agreement and facility agreement. The Company also maintains syndicated, unsecured committed credit facilities as an alternative source of liquidity. At March 31, 2023, no amounts were drawn on these syndicated, unsecured committed credit facilities. For additional information regarding these sources of liquidity, see Note 17 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Long-term Debt The table below presents the Company’s long-term debt as of the dates indicated: March 31, 2023 December 31, 2022 (in millions) Fixed-rate obligations: Surplus notes $ 345 $ 345 Surplus notes subject to set-off arrangements(1) 9,460 9,460 Senior notes 10,114 10,115 Mortgage debt 25 25 Floating-rate obligations: Line of credit 300 300 Surplus notes subject to set-off arrangements(1) 2,330 2,330 Mortgage debt(2) 76 29 Junior subordinated notes(3) 9,591 9,094 Subtotal 32,241 31,698 Less: assets under set-off arrangements(1) 11,790 11,790 Total long-term debt(4) $ 20,451 $ 19,908 __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in long-term debt. (2) Includes $29 million of debt denominated in foreign currency at both March 31, 2023 and December 31, 2022. (3) Includes Prudential Financial debt of $9,544 million and $9,047 million at March 31, 2023 and December 31, 2022, respectively. Also includes subsidiary debt of $47 million denominated in foreign currency at both March 31, 2023 and December 31, 2022, respectively. (4) Includes Prudential Financial debt of $19,658 million and $19,162 million at March 31, 2023 and December 31, 2022, respectively. At March 31, 2023 and December 31, 2022, the Company was in compliance with all debt covenants related to the borrowings in the table above. Facility Agreements for Senior Debt Issuances In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $1.5 billion of trust securities by the trusts in a Rule 144A private placement. The trusts invested the proceeds from the sale of the trust securities in portfolios of principal and/or interest strips of U.S. Treasury securities. The facility agreements provide Prudential Financial the right to issue and sell to the trusts from time to time up to $800 million of 5.791% senior notes due February 15, 2033, and $700 million of 5.997% senior notes due February 15, 2053, and receive in exchange a corresponding amount of the U.S. Treasury securities held by the trusts. In return, the Company agreed to pay semi-annual facility fees to the trusts at rates of 1.815% and 2.066% per annum for the ten-year and thirty-year facility, respectively, applied to the maximum amount of senior notes that the Company could issue and sell to the trusts. 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 trusts, such as paying the facility fee or reimbursing the trusts for their 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 trusts in exchange for U.S. Treasury securities. Finally, Prudential Financial may redeem any outstanding senior notes, in whole or in part, prior to February 15, 2033 and February 15, 2053 for the ten-year and thirty-year facility, respectively, at a redemption price equal to the greater of par or a make-whole price, or thereafter, redeem the senior notes, in whole or in part, at par. Junior Subordinated Notes In February 2023, the Company issued $500 million in aggregate principal amount of 6.750% fixed-to-fixed reset rate junior subordinated notes due in March 2053.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
Employee Benefit Plans	Mar. 31, 2023
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”). 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 may become eligible to receive certain 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. Net periodic (benefit) cost included in “General and administrative expenses” includes the following components: Three Months Ended March 31, Pension Benefits Other Postretirement Benefits 2023 2022 2023 2022 (in millions) Components of net periodic (benefit) cost: Service cost $ 51 $ 80 $ 2 $ 4 Interest cost 138 97 18 12 Expected return on plan assets (231) (213) (21) (27) Amortization of prior service cost 0 0 (2) (2) Amortization of actuarial (gain) loss, net 17 51 3 1 Settlements 0 1 0 0 Special termination benefits (1) 0 1 0 0 Net periodic (benefit) cost $ (25) $ 17 $ 0 $ (12) __________ (1) 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.

Equity

Equity	3 Months Ended
Equity	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Equity	EQUITY 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, 2022 666.3 300.3 366.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 2.7 (2.7) Stock-based compensation programs(1) 0.0 (2.6) 2.6 Balance, March 31, 2023 666.3 300.4 365.9 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs. In February 2023, Prudential Financial’s Board of Directors (the “Board”) 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. As of March 31, 2023, 2.7 million shares of the Company’s Common Stock were repurchased under this authorization at a total cost of $250 million. 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, but not limited to: compliance with laws, 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. Dividends declared per share of Common Stock are as follows for the periods indicated: Three Months Ended 2023 2022 Dividends declared per share of Common Stock $ 1.25 $ 1.20 Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Unaudited Interim Consolidated Statements of Comprehensive Income. The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2023 and 2022, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2022 $ (2,274) $ (16,195) $ 15,242 $ 1,448 $ (2,027) $ (3,806) Change in OCI before reclassifications 12 8,243 (8,705) 186 1 (263) Amounts reclassified from AOCI 0 136 0 0 18 154 Income tax benefit (expense) (38) (1,988) 2,160 (39) (5) 90 Balance, March 31, 2023 $ (2,300) $ (9,804) $ 8,697 $ 1,595 $ (2,013) $ (3,825) Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2021 $ (1,107) $ 26,639 $ (33,220) $ 707 $ (2,513) $ (9,494) Change in OCI before reclassifications (398) (23,095) 23,589 1,107 15 1,218 Amounts reclassified from AOCI 10 262 0 0 50 322 Income tax benefit (expense) (36) 5,230 (5,545) (232) (16) (599) Balance, March 31, 2022 $ (1,531) $ 9,036 $ (15,176) $ 1,582 $ (2,464) $ (8,553) __________ (1) Includes cash flow hedges of $2,344 million and $2,616 million as of March 31, 2023 and December 31, 2022, respectively, and $1,155 million and $1,019 million as of March 31, 2022 and December 31, 2021, respectively, and fair value hedges of $(74) million and $(54) million as of March 31, 2023 and December 31, 2022, respectively, and $(24) million and $(35) million as of March 31, 2022 and December 31, 2021, respectively. Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Affected line item in Consolidated Statements of Operations 2023 2022 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ 0 $ (10) Realized investment gains (losses), net Net unrealized investment gains (losses): Cash flow hedges—Interest rate (23) (4) (3) Cash flow hedges—Currency 5 1 (3) Cash flow hedges—Currency/Interest rate 39 154 (3) Fair value hedges—Currency (2) (2) (3) Net unrealized investment gains (losses) on available-for-sale securities (155) (411) Realized investment gains (losses), net Total net unrealized investment gains (losses) (136) (262) (4) Amortization of defined benefit items: Prior service cost 2 2 (5) Actuarial gain (loss) (20) (52) (5) Total amortization of defined benefit items (18) (50) Total reclassifications for the period $ (154) $ (322) __________ (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 16 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 Unaudited Interim 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 allowance for credit losses has been recorded, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recorded Net Unrealized Reinsurance Recoverables Future Policy Policyholders’ Income Tax Benefit (Expense) Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2022 $ (45) $ (24,959) $ (703) $ 1,946 $ 3,194 $ 4,372 $ (16,195) Net investment gains (losses) on investments arising during the period 41 9,292 (2,181) 7,152 Reclassification adjustment for (gains) losses included in net income (15) 151 (32) 104 Reclassification due to allowance for credit losses recorded during the period (60) 60 0 0 Impact of net unrealized investment (gains) losses 132 (425) (797) 225 (865) Balance, March 31, 2023 $ (79) $ (15,456) $ (571) $ 1,521 $ 2,397 $ 2,384 $ (9,804) __________ (1) Includes cash flow and fair value hedges. See Note 5 for additional information.

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Mar. 31, 2023
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 periods indicated is as follows: Three Months Ended March 31, 2023 2022 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,477 $ (506) Less: Income (loss) attributable to noncontrolling interests 15 (13) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 18 7 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,444 366.5 $ 3.94 $ (500) 376.1 $ (1.33) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 18 $ 7 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 18 7 Stock options 0.2 0.0 Deferred and long-term compensation programs 1.0 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,444 367.7 $ 3.93 $ (500) 376.1 $ (1.33) __________ (1) For the three months ended March 31, 2022, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the three months ended March 31, 2022, all potential stock options and compensation programs were considered antidilutive. 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 three months ended March 31, 2023 and 2022, as applicable, were based on 4.2 million and 5.1 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 periods indicated, 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: Three Months Ended March 31, 2023 2022 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.2 $ 103.16 $ 0.0 $ 0.00 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.7 Antidilutive shares based on application of the treasury stock method 0.1 0.1 Antidilutive shares due to net loss available to holders of Common Stock 0.0 2.3 Total antidilutive stock options and shares 1.3 3.1

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Segments 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 and Individual Life 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. As discussed in Note 1, effective January 1, 2023, AIQ is now included within Corporate and Other operations. Also effective January 1, 2023, Prudential Advisors, which was previously part of the Individual Life segment, is now included within Corporate and Other operations. There are no impacts to the Company's consolidated financial statements from these reporting changes and historical segment results have been updated to conform to the current period 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: • Realized investment gains (losses), net, and related adjustments; • Charges related to realized investment gains (losses), net; • Change in value of market risk benefits, net of related hedging gains (losses); • 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. For additional information regarding these reconciling items, see Note 22 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. As a result of the adoption of ASU 2018-12 in the first quarter of 2023, the Company is required to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value. In order to enhance the understanding of our underlying performance trends, we exclude from adjusted operating income “Change in value of market risk benefits, net of related hedging gains (losses)”, which reflects the impact from changes in current market conditions. In addition, “Charges related to realized investment gains (losses)”, no longer includes the current period impact of net realized investment gains (losses) on the amortization of DAC and related balances, and “Market experience updates” no longer includes the immediate impact on DAC and related balances from changes in current market conditions on estimates of profitability. In both cases, the amortization of DAC and related balances is independent of these factors under ASU 2018-12. See Note 2 regarding additional information about the adoption of ASU 2018-12, including market risk benefits and the amortization of DAC and other balances. Reconciliation of adjusted operating income to net income (loss) The table below reconciles “Adjusted operating income before income taxes” to “Income (loss) before income taxes and equity in earnings of operating joint ventures”: Three Months Ended 2023 2022 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 151 $ 188 U.S. Businesses: Institutional Retirement Strategies 396 515 Individual Retirement Strategies 441 431 Retirement Strategies(1) 837 946 Group Insurance 25 (115) Individual Life(1) (102) (18) Total U.S. Businesses 760 813 International Businesses 840 951 Corporate and Other (485) (416) Total segment adjusted operating income before income taxes 1,266 1,536 Reconciling items: Realized investment gains (losses), net, and related adjustments 318 (1,637) Charges related to realized investment gains (losses), net 51 (84) Change in value of market risk benefits, net of related hedging gains (losses) 75 (304) Market experience updates 48 121 Divested and Run-off Businesses: Closed Block division (4) 27 Other Divested and Run-off Businesses 107 (271) Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (5) (29) Other adjustments(2) (9) (17) Income (loss) before income taxes and equity in earnings of operating joint ventures per Unaudited Interim Consolidated Financial Statements $ 1,847 $ (658) ________ (1) The Retirement Strategies and Individual Life segments’ 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 components of consideration for business acquisitions, which are recognized as compensation expense over the requisite service period. 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 by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Unaudited Interim Consolidated Financial Statements. March 31, December 31, (in millions) Assets by segment: PGIM $ 47,953 $ 48,364 U.S. Businesses: Institutional Retirement Strategies 111,333 108,565 Individual Retirement Strategies 135,935 130,173 Retirement Strategies 247,268 238,738 Group Insurance 39,315 38,201 Individual Life 107,229 102,445 Total U.S. Businesses 393,812 379,384 International Businesses 192,979 186,791 Corporate and Other 23,142 23,556 Closed Block division 51,383 50,934 Total assets per Unaudited Interim Consolidated Financial Statements $ 709,269 $ 689,029 Three Months Ended March 31, 2023 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 $ 898 $ 80 $ 747 $ 0 $ 0 $ 0 $ 27 $ 1 U.S. Businesses: Institutional Retirement Strategies 4,889 1,004 4,493 4,350 125 0 10 4 Individual Retirement Strategies 1,095 318 654 33 115 0 14 93 Retirement Strategies 5,984 1,322 5,147 4,383 240 0 24 97 Group Insurance 1,564 126 1,539 1,218 44 0 4 1 Individual Life 1,527 669 1,629 824 223 9 223 114 Total U.S. Businesses 9,075 2,117 8,315 6,425 507 9 251 212 International Businesses 5,015 1,285 4,175 3,152 215 7 11 151 Corporate and Other(1) 116 189 601 (5) 34 0 152 (9) Total revenues, and benefits and expenses on an adjusted operating income basis 15,104 3,671 13,838 9,572 756 16 441 355 Reconciling items: Realized investment gains (losses), net, and related adjustments 475 (5) 157 25 132 0 0 0 Charges related to realized investment gains (losses), net 37 0 (14) (57) 12 0 0 7 Change in value of market risk benefits, net of related hedging gains (losses) 75 0 0 0 0 0 0 0 Market experience updates 24 0 (24) 4 0 0 0 0 Divested and Run-off Businesses: Closed Block division 971 481 975 573 30 302 1 3 Other Divested and Run-off Businesses 378 173 271 187 51 1 (1) 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (19) 0 (14) 0 0 0 0 0 Other adjustments 0 0 9 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 17,045 $ 4,320 $ 15,198 $ 10,304 $ 981 $ 319 $ 441 $ 365 ________ (1) Corporate and Other operations, through AIQ and Prudential Advisors, generates fee revenues from the sale and distribution of certain insurance, annuity and investment products offered by Prudential and third-parties. Three Months Ended March 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 $ 926 $ (4) $ 738 $ 0 $ 0 $ 0 $ 6 $ 1 U.S. Businesses: Institutional Retirement Strategies 2,747 968 2,232 2,178 80 0 4 3 Individual Retirement Strategies 1,097 262 666 65 78 0 4 95 Retirement Strategies 3,844 1,230 2,898 2,243 158 0 8 98 Group Insurance 1,539 124 1,654 1,353 36 0 1 (2) Individual Life 1,558 644 1,576 865 227 9 189 111 Total U.S. Businesses 6,941 1,998 6,128 4,461 421 9 198 207 International Businesses 5,478 1,297 4,527 3,485 190 15 3 155 Corporate and Other (43) 122 373 (7) 34 0 157 (10) Total revenues, and benefits and expenses on an adjusted operating income basis 13,302 3,413 11,766 7,939 645 24 364 353 Reconciling items: Realized investment gains (losses), net, and related adjustments (1,648) (10) (11) 29 (40) 0 0 0 Charges related to realized investment gains (losses), net (22) 0 62 20 19 0 0 14 Change in value of market risk benefits, net of related hedging gains (losses) (304) 0 0 0 0 0 0 0 Market experience updates 41 0 (80) 8 0 0 0 0 Divested and Run-off Businesses: Closed Block division 965 554 938 624 30 211 0 3 Other Divested and Run-off Businesses (462) 401 (191) 155 (594) 0 1 1 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (17) 0 12 0 0 0 0 0 Other adjustments 0 0 17 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 11,855 $ 4,358 $ 12,513 $ 8,775 $ 60 $ 235 $ 365 $ 371 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, as follows: Three Months Ended 2023 2022 (in millions) PGIM segment intersegment revenues $ 205 $ 232 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: Three Months Ended March 31, 2023 2022 (in millions) Asset-based management fees $ 789 $ 981 Performance-based incentive fees 3 4 Other fees 125 148 Total asset management and service fees $ 917 $ 1,133

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
Commitments and Contingent Liabilities	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments and Guarantees Commercial Mortgage Loan Commitments March 31, December 31, (in millions) Total outstanding mortgage loan commitments $ 2,169 $ 1,995 Portion of commitment where prearrangement to sell to investor exists $ 721 $ 582 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 March 31, 2023 and December 31, 2022. The change in allowance is $0 million for both the three months ended March 31, 2023 and 2022. Commitments to Purchase Investments (excluding Commercial Mortgage Loans) March 31, December 31, (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 8,932 $ 8,376 Expected to be funded from separate accounts $ 188 $ 183 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 three months end ed March 31, 2023 or 2022. Indemnification of Securities Lending and Securities Repurchase Transactions March 31, December 31, (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 6,692 $ 5,834 Fair value of related collateral associated with above indemnifications(1) $ 6,849 $ 5,985 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) There were no securities repurchase transactions as of March 31, 2023 and December 31, 2022. 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 March 31, December 31, (in millions) Guaranteed value of third-parties’ assets $ 83,379 $ 84,338 Fair value of collateral supporting these assets $ 76,715 $ 77,693 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 Unaudited Interim Consolidated Statements of Financial Position. Indemnification of Serviced Mortgage Loans March 31, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,974 $ 2,972 First-loss exposure portion of above $ 862 $ 862 Accrued liability associated with guarantees(1) $ 31 $ 33 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $16 million and $17 million as of March 31, 2023 and December 31, 2022, respectively. The change in allowance is a reduction of $1 million and $3 million for the three months ended March 31, 2023, and 2022, 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 $23,952 million and $23,937 million of mortgages subject to these loss-sharing arrangements as of March 31, 2023 and December 31, 2022, respectively, all of which are collateralized by first priority liens on the underlying multi-family residential properties. As of March 31, 2023, these mortgages had a weighted-average debt service coverage ratio of 1.99 times and a weighted-average loan-to-value ratio of 61%. 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%. The Company had no losses related to indemnifications that were settled for either the three months ended March 31, 2023 or 2022. Other Guarantees March 31, December 31, (in millions) Other guarantees where amount can be determined $ 57 $ 57 Accrued liability for other guarantees and indemnifications $ 33 $ 33 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. 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 leg al 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 March 31, 2023, 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. The following discussion of litigation and regulatory matters provides an update of those matters discussed in Note 23 to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and should be read in conjunction with the complete descriptions provided in the Form 10-K. 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 March 2023, defendants filed a motion to dismiss the Fourth Amended Complaint. Assurance IQ, LLC William James Griffin, et al. v. Benefytt Technologies, Inc., et al. and Assurance IQ, LLC In February 2023, the Company filed its answer to the third amended complaint. Summary The Company’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. It is possible that the Company’s results of operations or cash flow in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flow for such period. In light of the unpredictability of the Company’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company’s financial statements. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on the Company’s financial statements.

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation On January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, which provided new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. See “Adoption of ASU 2018-12” below for additional information regarding this adoption, including the impacts to the Company’s 2022 financial statements from implementing the new accounting standard as well as the transition impacts recorded as of January 1, 2021. See Note 2 for additional details regarding the key policy changes effected by this ASU and updated accounting policies resulting from the adoption of this ASU for all periods presented in the Unaudited Interim Consolidated Financial Statements. The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). The Unaudited Interim 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. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
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 future policy benefits; 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; market risk benefits; the measurement of goodwill and any related impairment; the valuation of investments including derivatives, the measurement of allowance for credit losses, and the recognition of other-than-temporary impairments (“OTTI”); pension and other postretirement benefits; any provision for income taxes and valuation of deferred tax
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified for reasons unrelated to the adoption of ASU 2018-12 to conform to the current period presentation.
Adoption of ASU 2018-12	Adoption of ASU 2018-12 Effective January 1, 2023, the Company adopted ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . Adoption of this ASU impacted, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company and had a significant financial impact on the Consolidated Financial Statements and disclosures. See Note 1 for additional information. As of the January 1, 2021 transition date, the adoption of the standard resulted in a decrease to “Retained earnings” of $2.6 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”) as well as from a net increase in additional insurance reserves and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts. AOCI decreased $42.4 billion as of the January 1, 2021 transition date largely from remeasuring in force contract liabilities using upper-medium grade fixed income instrument yields as of the transition date. As of the January 1, 2023 adoption date, the impacts amounted to a decrease to “Retained earnings” of $1.7 billion and an increase to AOCI of $16.0 billion. The changes in the impacts from January 1, 2021 to January 1, 2023 primarily reflect the increase in interest rates during 2021 and 2022. Outlined below are: (1) key accounting policy changes effected by the ASU and (2) updated accounting policies for all of the periods presented in the Unaudited Interim Consolidated Financial Statements. (1) Key Accounting Policy Changes Area of Change 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-payment 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. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021 (the “transition date”). Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. The impact upon transition reflects the impact on in-force contract liabilities in instances where expected net premiums exceeded expected gross premiums at an issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of the transition date. As a result of the modified retrospective transition method, the vast majority of the impact of updating cash flow assumptions to best estimates as of the transition date will be reflected in the pattern of earnings in subsequent periods. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires discount rate assumptions to be based on upper-medium grade fixed income instrument yields, 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, the guidance for the liability for future policy benefits was adopted effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, for balance sheet remeasurement purposes, the liability for future policy benefits is remeasured using discount rates as of January 1, 2021 with the impact recorded as a cumulative effect adjustment to AOCI. Adoption of the ASU resulted in a significant impact to AOCI as a result of remeasuring in-force contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. 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. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. Adoption of the ASU did not have a significant impact on DAC and other balances upon transition, other than the impact of the removal of any related amounts in AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 7 for additional information. 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 the fair value of market risk benefits are recorded in net income, except for the portion attributable to changes in an entity’s NPR, which is recognized in OCI. 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. Effective January 1, 2023 using the retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Adoption of the ASU resulted in an adjustment to retained earnings for the difference between the fair value and carrying value of benefits not measured at fair value prior to the adoption of the ASU (e.g., guaranteed minimum death benefits on variable annuities) and a reclass of the cumulative effect of changes in NPR from retained earnings to AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 11 for additional information. In addition to the significant key accounting changes noted above, ASU 2018-12 also clarified the definition of assessments used to accrue additional insurance reserves and other related balances, primarily for no-lapse guarantee features on certain universal life contracts in the Individual Life segment. Application of the new guidance changed the pattern of reserve recognition for these guarantees and resulted in an increase to the net contract liabilities related to these products at transition. See Note 1 for additional information regarding the effect on the financial statements. 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 did not choose to apply this accounting policy election to any of its eligible sale or disposal transactions. Other ASUs adopted during the three months ended March 31, 2023 The Company adopted ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure, effective January 1, 2023, on a prospective basis. This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and adds enhanced disclosure requirements. Following adoption of the ASU, all loan refinancings and restructurings are subject to the modification guidance in ASC 310-20. Specific to the accounting policy for commercial mortgage and other loans, adoption of the ASU resulted in the elimination of TDRs such that, on a prospective basis, all modifications are evaluated under the existing modification guidance in ASC 310-20 to determine whether a modification results in a new financial instrument or a continuation of the existing financial instrument. Furthermore, for modifications of loans that have a CECL allowance and result in a continuation of the existing loan, the CECL allowance of the loan is remeasured using the modified terms and the post-modification effective yield. Prior to the adoption of the ASU, if a loan modification was a TDR, the CECL allowance of the loan was remeasured using the modified terms and the loan’s original effective yield. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.
Deferred policy acquisition costs (“DAC”)	ASSETS Deferred policy acquisition costs (“DAC”) represents costs directly related to the successful acquisition of new and renewal insurance and annuity business. 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, previously capitalized DAC is amortized and included in “Amortization of deferred policy acquisition costs”, and the carrying amount of DAC is not subject to recoverability testing upon adoption of the ASU. DAC is amortized on a constant-level basis at a grouped contract level over the expected life of the underlying insurance contracts. Contracts are grouped consistent with the groupings used to estimate the liability for future policy benefits (or other related balances) for the corresponding contracts. Since contracts within a grouping may be of different sizes, contracts within a group are weighted to achieve appropriate amortization and to ensure that DAC is derecognized when a policy is no longer in force. The constant-level basis used to weight contracts within a grouping and amortize DAC is generally defined as follows: • Life insurance contracts – DAC associated with life insurance contracts is generally amortized in proportion to the initial face amount of life insurance in force. This is applicable to traditional and universal life insurance products in the Individual Life and International Insurance segments and Closed Block division, and group corporate- and bank-owned life insurance contracts in the Group Insurance segment. • Payout annuity contracts – DAC associated with payout annuity contracts in the Retirement Strategies segment is amortized in proportion to annual benefit payments. • Deferred annuity contracts – DAC associated with fixed and variable deferred annuity contracts in the Retirement Strategies and International Insurance segments is amortized in proportion to deposits. • Health contracts – DAC associated with health contracts in the International Insurance segment is generally amortized in proportion to maximum lifetime benefits. For funding agreement note 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. Current period DAC amortization reflects the impact of changes in actual insurance in force during the period and changes in future assumptions effected as of the end of the quarter, where applicable. The Company typically updates actuarial assumptions annually in the second quarter (see “Annual Assumptions Review” below), unless a material change is observed in an interim period that is indicative of a long-term trend. Generally, the Company does not expect trends to change significantly in the short-term and, to the extent these trends may change, the Company expects such changes to be gradual over the long-term. Assumptions used for DAC are consistent with those used in estimating the liability for future policy benefits (or any other related balance) for the corresponding contract. Determining the level of aggregation and actuarial assumptions used in projecting in-force terminations requires judgment. Internal criteria are developed to determine the level of aggregation by considering both qualitative and quantitative materiality thresholds. The assumptions used in projecting in-force terminations are mortality, mortality improvement, and lapse assumptions. These assumptions are generally based on the Company’s experience, industry experience and/or other factors, as applicable. For variable deferred annuity contracts, lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefits 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 are also generally assumed to be lower for the period where surrender charges apply. 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 non-integrated 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 (“VOBA”)	Value of business acquired (“VOBA”) 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 March 31, 2023, the majority of the VOBA balance relates to the 2011 acquisition of AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (collectively, the “Star and Edison Businesses”). The Company records amortization of VOBA in “General and administrative expenses” and amortizes it over the anticipated life of the acquired contracts using the same methodology, factors, and assumptions used to amortize DAC and deferred sales inducements (“DSI”). See Note 7 for additional information regarding VOBA.
Market Risk Benefits	Market risk benefits (“MRB”) in an asset position are presented separately from market risk benefits in a liability position. See “Market risk benefits” below. Market risk benefit liabilities (or assets ) represents contracts or contract features that provide protection to the contractholder and exposes the Company to other than nominal capital market risk, primarily related to deferred annuities with guaranteed minimum benefits in the Retirement Strategies segment including guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”). The benefits are accounted for using a fair value measurement framework. If a contract contains multiple market risk benefits, the benefits are bundled together and accounted for as a single compound market risk benefit. Market risk benefits in an asset position are presented separately from those in a liability position as there is no legal right of offset between contracts. The fair value of market risk benefits is calculated as the present value of expected future benefit payments to contractholders less the present value of expected future rider fees attributable to the market risk benefit. The fair value of market risk benefits is based on assumptions a market participant would use in valuing market risk benefits. For additional information regarding the valuation of market risk benefits, see Note 6. On a quarterly basis, changes in the fair value of market risk benefits are recorded in net income, net of related hedges, in “Change in value of market risk benefits, net of related hedging gains (losses)”, except for the portion of the change attributable to changes in the Company’s NPR which is recorded in OCI. See Note 11 for additional information regarding market risk benefits.
Other Assets	Other assets consists primarily of prepaid pension benefit costs, 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. Deferred Sales Inducements are amounts that are credited to a policyholders’ account balance primarily as an inducement to purchase fixed and/or variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology, factors and assumptions used to amortize DAC. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” Unlike DAC, DSI are considered contractual cash flows and, as a result, are subject to periodic recoverability testing. See Note 7 for additional information regarding DSI.
Separate account assets and liabilities and Policyholders’ account balances	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 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. The unearned revenue liability represents policy charges for services to be provided in future periods. The charges are deferred as incurred and are generally amortized over the expected life of the contract using the same methodology, factors, and assumption used to amortize DAC. See Note 10 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. 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 is primarily comprised of the present value of expected 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 expected future net premiums (where net premiums are gross premiums multiplied by the Net-To-Gross (“NTG”) ratio discussed below). The liability for future policy benefits is accrued over time as premium revenue is recognized. See Note 9 for additional information regarding future policy benefits. The reserving methodology used for non-participating traditional and limited-payment contracts include the following: • Cash Flow Assumptions . In measuring the liability for future policy benefits, the net premium valuation methodology is utilized. Under this methodology, a liability for future policy benefits is established using current best estimate insurance assumptions and interest rate assumptions locked-in at contract issuance date. The NTG ratio is calculated as the ratio of the present value of expected policy benefits and non-level claim settlement expenses divided by the present value of expected gross premiums. The NTG ratio is applied to gross premiums, as premium revenue is recognized, to determine net premiums. The liability is then determined as the present value of expected future policy benefits and non-level claim settlement expenses less the present value of expected future net premiums. For purposes of liability measurement, contracts are grouped into cohorts based primarily on issue year, reportable segment and major product line. The NTG ratio is generally updated quarterly for actual experience and annually for future cash flow assumption updates during the Company’s annual assumptions review process in the second quarter of each year unless a material change is observed in an interim period that is indicative of a long-term trend (see “Annual Assumptions Review” below), and with the exception of claim settlement expense assumptions which the Company has made an entity-wide election to lock-in as of contract issuance. The NTG ratio is subject to a retrospective unlocking method whereby the Company updates its best estimate of cash flows expected over the life of the cohort using actual historical experience and updated future cash flow assumptions. These updated cash flows are used to calculate the revised NTG ratio, which is used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. The updated liability for future policy benefit amount as of the beginning of the quarter is then compared to the carrying amount of the liability as of that same date, before the updates for actual experience or future cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss that is recorded through current period earnings in “Change in estimates of liability for future policy benefits.” In subsequent periods, the revised NTG ratio is used to measure the liability for future policy benefits, subject to future revisions. If a cohort is in a loss position where 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 non-level claim settlement expenses, the NTG ratio is capped at 100%. In these instances, all changes in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately. While the liability for future policy benefits cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”), the NTG ratio may be negative. This would be the case whereby conditions have improved such that the present value of future net premiums plus the existing liability for future policy benefits as of the valuation date exceed the present value of expected future policy benefits and non-level claim settlement expenses. In this case, the negative NTG ratio would be applied going forward to gross premiums received, effectively amortizing the gain into income and reducing the liability over time. In addition, for limited-payment contracts, the liability for future policy benefits also includes a Deferred Profit Liability (“DPL”) representing gross premiums received in excess of net premiums and is generally recognized in revenue in a constant relationship with insurance in force for life contracts or with the amount of expected future benefit payments for annuity contracts. The DPL is subject to a retrospective unlocking adjustment consistent with the liability for future policy benefits discussed above. The DPL cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”). For contracts issued prior to January 1, 2021, the modified retrospective transition method was used to transition to ASU 2018-12. Under this method, the transition date of January 1, 2021 serves as the new issue date of the contracts in force for purposes of retrospectively unlocking the NTG ratio and DPL, as described above. • Discount Rate Assumption. The locked-in discount rate is generally based on expected investment returns at contract inception for contracts issued prior to January 1, 2021 and the upper medium grade fixed income corporate instrument yield (i.e., global single A) at contract inception for contracts issued after January 1, 2021. The discount rate in effect at contract inception is locked-in for the calculation of the NTG ratio and accretion of interest cost on the liability through net income. However, for balance sheet remeasurement purposes, the discount rate is updated using the current single A rate at each reporting period, with the effect on the liability resulting from such update recorded in “Interest rate remeasurement of future policy benefits” in OCI. The methodology used in constructing the single A discount rate curve for discounting cash flows used to calculate the liability for future policy benefits is intended to be reflective of the characteristics of the applicable insurance liabilities. The single A discount rate curve is developed by reference to upper medium grade (low credit risk) fixed income instrument yields that reflect the duration characteristics of the applicable insurance liabilities. The single A discount curve for the United States and foreign economies, such as Japan, with observable corporate A spreads, is developed using government bond rates, plus globally equivalent public corporate A spreads in the observable periods. The definition of upper medium grade is based on Moody’s definition which includes the spectrum of A (i.e., A- to A+). The rate used in foreign operations (with the exception of certain emerging markets, as discussed below) is based on the equivalent of a single A rate from a global rating agency for corporate bonds issued in the same currency and country in which the insurance contract is written. Liquidity is considered in defining the observable period and linear extrapolation is performed to the Company’s ultimate long-term economic assumptions. See “Annual Assumptions Review” below for further discussion regarding the Company’s long-term economic assumption setting process. The Company has foreign currency denominated insurance obligations to policyholders in certain emerging markets where there is limited or no observable market data on upper medium grade (low credit risk) fixed income instrument yields. As a proxy for the upper medium grade fixed income instrument yield, the Company estimates an equivalent global single A yield in the currency of the emerging economy by converting a global single A U.S. dollar bond yield curve based on the relationship between market observable U.S. Treasury and foreign sovereign yield curves of similar duration as the insurance liability cash flows. The derived global single A curves in the foreign currency are evaluated against available evidence of observable global single A corporate bond rates in similar emerging economies. The Company uses interpolation and extrapolation techniques to complete the discount rate construction for the duration of the insurance liabilities to calculate the liability for future policy benefits denominated in the local currencies. The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain long-duration life contracts, such as no-lapse guarantee contract features (Additional Insurance Reserves or “AIR” liability), for which a liability is established when associated assessments are recognized (which include investment margin on policyholders’ account balances in the general account and all policy charges including charges for administration, mortality, expense, surrender and other charges). This liability is established using current best estimate assumptions and is based on the ratio of the present value of total expected excess payments (i.e., 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). For universal life type contracts and participating contracts, the Company performs premium deficiency tests using best estimate assumptions as of the testing date. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves including URR, net of reinsurance, and any DSI or VOBA asset), the existing net reserves are adjusted by first reducing these assets by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than these asset balances for insurance contracts, the net reserves are increased by the excess through a charge to current period earnings included in “policyholders’ benefits”. Since investment yields are used as the discount rate, the premium deficiency test is also performed using a discount rate based on the market yield (i.e., assuming what would be the impact if any unrealized gains (losses) were realized as of the testing date). In the event that by using the market yield a deficiency occurs, an adjustment is established for the deficiency and is included in AOCI. In certain instances, for universal life type contracts and participating contracts, 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 predominately 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. 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.
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 13. 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.
REVENUES, BENEFITS AND EXPENSES	REVENUES, BENEFITS AND EXPENSES Insurance Revenue and Expense Recognition Premiums from individual life products, other than universal and variable life contracts, and 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 (i.e., the portion of the gross premium required to provide for all expected future benefits and expenses) 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 generally accounted for as market risk benefits (see “Market risk benefits” above). 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 using the same methodology, factors, and assumption used to amortize DAC as described above. 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 through “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.
Reinsurance And Annual Assumptions Review	OTHER ACCOUNTING POLICIES 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 12 for additional information regarding 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. For reinsurance of in force blocks of non-participating traditional and limited-payment contracts, the current value of the direct liability as of inception of the reinsurance agreement is used to calculate the reinsurance recoverable and cost of reinsurance such that there is no immediate other comprehensive income or loss from recognition of the reinsurance recoverable at inception. Consistent with the direct liability, the reinsurance recoverable for non-participating traditional and limited-payment contracts is remeasured each period using current single A rates with the effect on the liability resulting from such updates recorded in “Interest rate remeasurement of future policy benefits” in OCI. 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 direct 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. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits received are included in “Other liabilities” and deposits made are included in “Other assets”. As amounts are paid or received, consistent with the underlying contracts, the deposit assets or liabilities are adjusted. Interest on such deposits is recorded as “Net investment income” or “General and administrative expenses,” as appropriate. Annual Assumptions Review Annually, the Company performs a comprehensive review of the assumptions set for purposes of estimating future premiums, benefits, and other cash flows. The assumptions are based on the Company’s best estimates of future rates of mortality, morbidity, lapse, surrender, annuitization, expenses and other items. The Company generally looks to relevant Company experience as the primary basis for assumptions. If relevant Company experience is not available or does not have sufficient credibility, the Company may look to experience of similar blocks of business, either in the Company or the industry. Mortality rate assumptions are generally based on Company experience, sometimes blending Company experience with an industry table where the Company experience alone is not credible. The Company sets mortality assumptions that vary by major type of business, with different assumptions for life insurance, annuities, and retirement products. Within type of business, rates vary by age and gender. The Company applies an adjustment for future mortality improvement, consistent with observed long-term trends of population mortality over time. Lapse and surrender assumptions are based on Company and industry experience, where available. The Company sets rates that vary by product type, taking into account features specific to the product. The Company also performs a comprehensive review of the long-term interest rate assumptions and equity return assumptions that impact reserve calculations. The Company generally utilizes relevant economic outlook information and industry surveys as the primary basis for assumptions.
Future Adoption Of New Accounting Pronouncements

Business and Basis of Present_2

Business and Basis of Presentation (Tables)	3 Months Ended
Business and Basis of Presentation (Tables)	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Adoption Of New Guidance On Financial Statements	Unaudited Interim Consolidated Statements of Financial Position: December 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) Deferred policy acquisition costs $ 19,537 $ 1,009 $ 20,546 Value of business acquired 595 26 621 Income tax assets 4,214 (4,214) 0 Market risk benefit assets 0 800 800 Other assets 30,188 1,491 31,679 TOTAL ASSETS 689,917 (888) 689,029 Future policy benefits 284,452 (22,679) 261,773 Policyholders' account balances 135,602 22 135,624 Market risk benefit liabilities 0 5,864 5,864 Income taxes 0 277 277 Other liabilities 20,536 1,288 21,824 Total liabilities 672,709 (15,228) 657,481 Accumulated other comprehensive income (loss) (19,827) 16,021 (3,806) Retained earnings 33,392 (1,678) 31,714 Total Prudential Financial, Inc. equity 16,250 14,343 30,593 Noncontrolling interests 958 (3) 955 Total equity 17,208 14,340 31,548 TOTAL LIABILITIES AND EQUITY $ 689,917 $ (888) $ 689,029 Unaudited Interim Consolidated Statements of Operations: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions, except per share amounts) REVENUES Premiums $ 7,952 $ (263) $ 7,689 Policy charges and fee income 1,459 (160) 1,299 Other income (loss) (1,371) 61 (1,310) Realized investment gains (losses), net (316) (728) (1,044) Change in value of market risk benefits, net of related hedging gain 0 (270) (270) Total revenues 13,215 (1,360) 11,855 BENEFITS AND EXPENSES Policyholders' benefits 8,868 (93) 8,775 Change in estimates of liability for future policy benefits 0 (145) (145) Interest credited to policyholders' account balances 169 (109) 60 Amortization of deferred policy acquisition costs 847 (476) 371 General and administrative expenses 3,211 6 3,217 Total benefits and expenses 13,330 (817) 12,513 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (115) (543) (658) Total income tax expense (benefit) (69) (75) (144) INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (46) (468) (514) Equity in earnings of operating joint ventures, net of taxes 2 6 8 NET INCOME (LOSS) (44) (462) (506) NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ (31) $ (462) $ (493) EARNINGS PER SHARE Basic earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (0.10) $ (1.23) $ (1.33) Diluted earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (0.10) $ (1.23) $ (1.33) Unaudited Interim Consolidated Statements of Comprehensive Income: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) NET INCOME (LOSS) $ (44) $ (462) $ (506) Other comprehensive income (loss), before tax: Foreign currency translation adjustments for the period (352) (37) (389) Net unrealized investment gains (losses) (21,770) (1,063) (22,833) Interest rate remeasurement of future policy benefits 0 23,589 23,589 Gain (loss) from changes in non-performance risk on market risk benefits 0 1,107 1,107 Total (22,057) 23,596 1,539 Less: Income tax expense (benefit) related to other comprehensive income (loss) (4,937) 5,536 599 Other comprehensive income (loss), net of taxes (17,120) 18,060 940 Comprehensive income (loss) (17,164) 17,598 434 Comprehensive income (loss) attributable to Prudential Financial, Inc. $ (17,150) $ 17,598 $ 448 Unaudited Interim Consolidated Statements of Cash Flows: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (44) $ (462) $ (506) Adjustments to reconcile net income to net cash provided by operating activities: Realized investment (gains) losses, net 316 728 1,044 Change in value of market risk benefits, net of related hedging (gain) loss 0 270 270 Policy charges and fee income (634) 77 (557) Interest credited to policyholders' account balances 169 (109) 60 Depreciation and amortization 18 (3) 15 Change in: Deferred policy acquisition costs 266 (467) (201) Future policy benefits and other insurance liabilities 1,404 (183) 1,221 Income taxes (83) (75) (158) Derivatives, net (3,000) 160 (2,840) Other, net 617 64 681 Cash flows from (used in) operating activities $ 1 $ 0 $ 1 January 1, 2021 Retained Earnings (in millions) Balance after-tax, prior to transition $ 30,749 Reclassification of market risk benefits non-performance risk to AOCI(1) (1,588) Updates to certain universal life contract liabilities(2) (1,025) Change in non-participating traditional and limited-payment contract liabilities(3) (543) Other (271) Total pre-tax adjustments (3,427) Tax impacts 815 Balance after-tax, after transition $ 28,137 __________ (1) Reflects the cumulative impact of changes in the fair value of market risk benefits (“MRB”) non-performance risk (“NPR”) from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Reflects the impact on additional insurance reserves (“AIR”) and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts in the Individual Life segment. For additional information, see Note 2. (3) Reflects the impact on in-force contract liabilities where expected benefits exceed expected gross premiums and/or exhausts any deferred profit liabilities at any issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of transition date, as well as the impact of flooring the liability for future policy benefits at zero at the issue-year cohort level as of transition date. January 1, 2021 Accumulated Other Comprehensive Income (in millions) Balance after-tax, prior to transition $ 30,738 Unwinding amounts related to unrealized investment gains and losses(1) 5,534 Reclassification of MRB NPR to AOCI(2) 1,588 Interest rate remeasurement of future policy benefits(3) (62,711) Change in operating joint ventures (12) Total pre-tax adjustments (55,601) Tax impacts 13,205 Balance after-tax, after transition $ (11,658) __________ (1) Primarily reflects i) the removal of amounts related to the impact of unrealized investment gains and losses on premium deficiency reserves for non-participating traditional and limited-payment contracts and ii) amounts related to DAC and other balances as unrealized investment gains or losses no longer impact the amortization pattern of such balances under the new guidance. Also includes the impacts from updates to reserves and other related balances for certain universal life contracts. For additional information, see Note 2. (2) Reflects the cumulative impact of changes in NPR on the fair value of market risk benefits from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (3) Reflects the impact of remeasuring in-force non-participating traditional and limited-payment contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates as of January 1, 2021.
Schedule of Deferred Policy Acquisition Costs	January 1, 2021 Deferred Policy Acquisition Costs Retirement Strategies Individual Life International Businesses Other Businesses Total Individual Variable Term Life Variable/ Life Gibraltar (in millions) Balance prior to transition $ 4,643 $ 2,417 $ 3,779 $ 4,278 $ 3,390 $ 520 $ 19,027 Unwinding amounts related to unrealized investment gains and losses and other activity 273 0 450 337 570 106 1,736 Balance after transition $ 4,916 $ 2,417 $ 4,229 $ 4,615 $ 3,960 $ 626 $ 20,763 March 31, 2023 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 $ 20,400 Capitalization 59 33 142 159 155 548 Amortization expense (98) (53) (60) (81) (75) (367) Other adjustments 0 0 0 5 0 5 Foreign currency adjustment 0 0 0 2 (13) (11) Balance, EOP $ 4,132 $ 2,268 $ 5,082 $ 4,795 $ 4,298 20,575 Other businesses 166 Total DAC balance $ 20,741 March 31, 2022 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,872 $ 2,372 $ 4,679 $ 4,685 $ 4,135 $ 20,743 Capitalization 79 34 141 168 152 574 Amortization expense (108) (52) (61) (83) (76) (380) Other adjustments 0 0 0 6 0 6 Foreign currency adjustment 0 0 0 (54) (70) (124) Balance, EOP $ 4,843 $ 2,354 $ 4,759 $ 4,722 $ 4,141 20,819 Other businesses 229 Reclassified to “Assets held-for-sale”(1) (1,180) Total DAC balance $ 19,868 _________ (1) Represents “Assets held-for-sale” of $1,084 million and $96 million in Individual Retirement Strategies and Full Services Retirement (in Other businesses), respectively.
Deferred Sales Inducements	January 1, 2021 Deferred Sales Inducements(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Balance prior to transition $ 781 $ 39 $ 820 Unwinding amounts related to unrealized investment gains and losses 85 2 87 Balance after transition $ 866 $ 41 $ 907 __________ (1) Deferred sales inducements (“DSI”) are included in “Other assets”. March 31, 2023 2022 (in millions) Balance, BOP $ 446 $ 799 Capitalization 2 1 Amortization expense (10) (17) Balance, EOP 438 783 Other businesses 34 37 Reclassified to “Assets held-for-sale”(1) 0 (335) Total DSI balance $ 472 $ 485 _________ (1) Represents “Assets held-for-sale” in Individual Retirement Strategies.
Schedule of Value of Business Acquired	January 1, 2021 Value of Business Acquired International Businesses Other Businesses(1) Total Gibraltar Life and Other (in millions) Balance prior to transition $ 852 $ 251 $ 1,103 Unwinding amounts related to unrealized investment gains and losses and other activity 59 1 60 Balance after transition $ 911 $ 252 $ 1,163 __________ (1) Primarily represents value of business acquired (“VOBA”) for the Full Service Retirement business. The following table shows a rollforward of VOBA balances for Gibraltar Life and Other, which is the only line of business that contains a material VOBA balance, along with a reconciliation to the Company’s total VOBA balance: March 31, 2023 2022 (in millions) Balance, BOP $ 597 $ 746 Amortization expense (14) (17) Foreign currency adjustment (5) (36) Balance, EOP 578 693 Other businesses 23 231 Reclassified to “Assets held-for-sale”(1) 0 (201) Total VOBA balance $ 601 $ 723 _________ (1) Represents “Assets held-for-sale” of $26 million and $175 million in Individual Retirement Strategies and Full Services Retirement (in Other businesses), respectively. The following table provides VOBA balances for the applicable businesses for the period ended March 31: 2023 (in millions) Gibraltar Life $ 578 Gibraltar BSN Life Berhad 1 Aoba Life 22 Total $ 601
Liability for Future Policy Benefit, Activity	January 1, 2021 Benefit Reserves(1) Retirement Strategies Individual International Businesses Corporate and Other Other Businesses(2) Total Institutional Term Life Gibraltar Long- (in millions) Balance prior to transition $ 65,383 $ 7,887 $ 51,607 $ 69,542 $ 7,975 $ 6,624 $ 209,018 Changes in cash flow assumptions and other activity (3,805) 0 10 (523) (18) 1 (4,335) Balance after transition, at original discount rate 61,578 7,887 51,617 69,019 7,957 6,625 204,683 Cumulative changes in discount rate assumptions and other activity 13,548 2,662 22,590 13,784 4,905 5,381 62,870 Balance after transition, at current discount rate 75,126 10,549 74,207 82,803 12,862 12,006 267,553 Less: Reinsurance recoverable 0 799 160 307 0 13 1,279 Balance after transition, net of reinsurance recoverable $ 75,126 $ 9,750 $ 74,047 $ 82,496 $ 12,862 $ 11,993 $ 266,274 __________ (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. (2) Primarily represents benefit reserves related to the Prudential of Taiwan business that was sold in the second quarter of 2021. The Company did not choose to apply ASU 2022-05 to this disposal transaction. See Note 2 for additional information. January 1, 2021 Deferred Profit Liability(1) Retirement Strategies International Businesses Other Businesses Total Institutional Life Planner Gibraltar Life and Other (in millions) Balance prior to transition $ 1,315 $ 1,964 $ 3,746 $ 349 $ 7,374 Changes in benefit reserves 3,801 110 730 148 4,789 Balance after transition 5,116 2,074 4,476 497 12,163 Less: Reinsurance recoverable 0 7 15 0 22 Balance after transition, net of reinsurance recoverable $ 5,116 $ 2,067 $ 4,461 $ 497 $ 12,141 __________ (1) Deferred profit liability (“DPL”), excluding amounts for reinsurance recoverable, is included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Additional Insurance Reserves(1) Retirement Strategies Individual Life Other Businesses Total Individual Variable Variable/ Universal Life (in millions) Balance prior to transition $ 889 $ 9,415 $ 483 $ 10,787 Unwinding amounts related to unrealized investment gains and losses (65) (1,444) (106) (1,615) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 824 7,971 377 9,172 Reclassification of future policy benefits AIR to MRB (824) 0 (92) (916) Reclassification of policyholders’ account balances AIR to MRB 0 0 (48) (48) Updates to certain universal life contract liabilities(2) 0 1,772 7 1,779 Change in discount rate for annuitization benefits 0 0 116 116 Balance after transition, excluding amounts related to unrealized investment gains and losses 0 9,743 360 10,103 Amounts related to unrealized investment gains and losses after transition 0 1,186 0 1,186 Balance after transition 0 10,929 360 11,289 Less: Reinsurance recoverable 0 4,387 0 4,387 Balance after transition, net of reinsurance recoverable $ 0 $ 6,542 $ 360 $ 6,902 __________ (1) Additional insurance reserves (“AIR”), excluding amounts for reinsurance recoverable, are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. January 1, 2021 Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability(1) Individual Life Other Businesses Total (in millions) Balance prior to transition $ 1,823 $ 6 $ 1,829 Unwinding amounts related to unrealized investment gains and losses (1,149) 0 (1,149) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 674 6 680 Derecognizing LRR & PFL (674) 0 (674) Balance after transition, excluding amounts related to unrealized investment gains and losses 0 6 6 Amounts related to unrealized investment gains and losses after transition 1,018 0 1,018 Balance after transition $ 1,018 $ 6 $ 1,024 __________ (1) Universal life loss recognition reserves (“LRR”) / profit followed by losses liability (“PFL”) are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Non-Participating Traditional and Limited-Payment Loss Recognition Reserves/Profit Followed by Losses Liability(1) Retirement Strategies International Businesses Corporate and Other Other Businesses Total Institutional Life Planner Gibraltar Life and Other Long- Term Care (in millions) Balance prior to transition $ 1,985 $ 181 $ 670 $ 734 $ 145 $ 3,715 Unwinding amounts related to unrealized investment gains and losses (1,985) (169) (670) (734) (105) (3,663) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 0 12 0 0 40 52 Derecognizing LRR & PFL 0 (12) 0 0 (40) (52) Balance after transition $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) Prior to the adoption of ASU 2018-12, non-participating traditional and limited-payment loss recognition reserves / profit followed by losses liabilities were included in “Future policy benefits”. January 1, 2021 Terminal Dividend Liability(1) Individual Life Closed Block Division Total Variable/ Universal Life Term Life (in millions) Balance prior to transition $ 212 $ 4 $ 375 $ 591 Unwinding amounts related to unrealized investment gains and losses and other activity (11) 0 0 (11) Balance after transition 201 4 375 580 Less: Reinsurance recoverable 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 201 $ 4 $ 375 $ 580 __________ (1) Terminal dividend liability is included in “Future policy benefits”. The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of actual variances from expected experience and other activity 141 (17) (193) (159) 45 (183) Adjusted balance, BOP 67,110 11,837 31,850 30,118 3,080 143,995 Issuances 2,932 143 647 443 0 4,165 Net premiums / considerations collected (3,637) (353) (1,178) (1,079) (77) (6,324) Interest accrual 517 136 230 204 37 1,124 Foreign currency adjustment 1,867 0 (31) (120) 0 1,716 Other adjustments 0 (4) 40 1 0 37 Balance at original discount rate, EOP 68,789 11,759 31,558 29,567 3,040 144,713 Effect of cumulative changes in discount rate assumptions, EOP (13,465) (321) (618) (611) (30) (15,045) Balance, EOP $ 55,324 $ 11,438 $ 30,940 $ 28,956 $ 3,010 $ 129,668 Other businesses, EOP 92 Total balance, EOP $ 129,760 March 31, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of actual variances from expected experience and other activity 98 (24) (167) (154) 53 (194) Adjusted balance, BOP 138,022 20,276 82,191 91,443 11,954 343,886 Issuances 2,932 143 647 443 0 4,165 Interest accrual 1,208 237 663 585 143 2,836 Benefit payments (2,795) (406) (947) (1,152) (60) (5,360) Foreign currency adjustment 1,908 0 (163) (432) 0 1,313 Other adjustments 48 (7) 93 (2) 0 132 Balance at original discount rate, EOP 141,323 20,243 82,484 90,885 12,037 346,972 Effect of cumulative changes in discount rate assumptions, EOP (17,578) (490) 244 (7,214) (738) (25,776) Balance, EOP $ 123,745 $ 19,753 $ 82,728 $ 83,671 $ 11,299 $ 321,196 Other businesses, EOP 1,952 Total balance, EOP $ 323,148 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 68,421 $ 8,315 $ 51,789 $ 54,715 $ 8,288 $ 191,528 Flooring impact, EOP 4 0 26 11 0 41 Balance, EOP, post-flooring 68,425 8,315 51,815 54,726 8,288 191,569 Less: Reinsurance recoverable 0 728 112 222 0 1,062 Balance after reinsurance recoverable, EOP, post-flooring $ 68,425 $ 7,587 $ 51,703 $ 54,504 $ 8,288 $ 190,507 Other businesses, EOP(1) 1,786 Total balance after reinsurance recoverable, EOP $ 192,293 March 31, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of actual variances from expected experience and other activity 59 62 (196) (1) 9 (67) Adjusted balance, BOP 64,436 11,141 35,805 34,575 2,950 148,907 Issuances 733 144 1,020 808 0 2,705 Net premiums / considerations collected (1,611) (322) (1,317) (1,285) (70) (4,605) Interest accrual 408 126 248 229 35 1,046 Foreign currency adjustment (1,789) 0 (652) (860) 0 (3,301) Other adjustments 0 (10) 57 1 0 48 Balance at original discount rate, EOP 62,177 11,079 35,161 33,468 2,915 144,800 Effect of cumulative changes in discount rate assumptions, EOP (2,240) 884 1,742 1,560 339 2,285 Balance, EOP $ 59,937 $ 11,963 $ 36,903 $ 35,028 $ 3,254 $ 147,085 Other businesses, EOP 106 Total balance, EOP $ 147,191 March 31, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of actual variances from expected experience and other activity (14) 79 (222) (2) 9 (150) Adjusted balance, BOP 128,873 18,971 87,786 101,368 11,337 348,335 Issuances 732 144 1,020 808 0 2,705 Interest accrual 1,007 220 690 631 135 2,683 Benefit payments (2,464) (430) (752) (1,042) (57) (4,745) Foreign currency adjustment (1,843) 0 (1,963) (3,005) 0 (6,811) Other adjustments (245) (15) 123 (5) 0 (143) Balance at original discount rate, EOP 126,060 18,890 86,904 98,755 11,415 342,024 Effect of cumulative changes in discount rate assumptions, EOP 780 1,922 12,837 4,806 2,188 22,533 Balance, EOP $ 126,840 $ 20,812 $ 99,741 $ 103,561 $ 13,603 $ 364,557 Other businesses, EOP 2,458 Reclassified to “Liabilities held-for-sale” (254) Total balance, EOP $ 366,761 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,903 $ 8,849 $ 62,837 $ 68,533 $ 10,349 $ 217,471 Flooring impact, EOP 164 6 12 2 0 184 Balance, EOP, post-flooring 67,067 8,855 62,849 68,535 10,349 217,655 Less: Reinsurance recoverable 0 498 150 258 0 906 Balance after reinsurance recoverable, EOP, post-flooring $ 67,067 $ 8,357 $ 62,699 $ 68,277 $ 10,349 $ 216,749 Other businesses, EOP(1) 2,347 Reclassified to “Liabilities held-for-sale” (254) Total balance after reinsurance recoverable, EOP $ 218,842 __________ (1) Reflects balance after reinsurance recoverable of $74 million and $5 million at March 31, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 106,074 $ 23,352 $ 73,474 $ 62,903 $ 6,901 Discounted expected future gross premiums (at original discount rate) $ 74,439 $ 15,526 $ 56,950 $ 49,872 $ 4,507 Discounted expected future gross premiums (at current discount rate) $ 59,863 $ 15,119 $ 56,318 $ 49,016 $ 4,467 Undiscounted expected future benefits and expenses $ 215,874 $ 31,258 $ 147,802 $ 154,197 $ 29,713 Interest accrual $ 691 $ 101 $ 433 $ 381 $ 106 Gross premiums $ 3,892 $ 461 $ 1,867 $ 1,767 $ 114 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.36 % 5.20 % 3.41 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 5.09 % 5.05 % 2.82 % 2.69 % 5.34 % March 31, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 92,821 $ 25,246 $ 79,809 $ 70,516 $ 7,177 Discounted expected future gross premiums (at original discount rate) $ 67,418 $ 16,519 $ 62,269 $ 56,128 $ 4,608 Discounted expected future gross premiums (at current discount rate) $ 65,100 $ 17,913 $ 65,801 $ 58,875 $ 5,135 Undiscounted expected future benefits and expenses $ 189,797 $ 29,127 $ 156,307 $ 165,525 $ 29,361 Interest accrual $ 599 $ 94 $ 442 $ 402 $ 100 Gross premiums $ 1,713 $ 473 $ 2,090 $ 2,076 $ 112 Weighted-average duration of the liability in years (at original discount rate) 9 10 21 20 19 Weighted-average duration of the liability in years (at current discount rate) 9 10 22 20 20 Weighted-average interest rate (at original discount rate) 4.17 % 5.23 % 3.39 % 2.46 % 4.90 % Weighted-average interest rate (at current discount rate) 3.65 % 3.54 % 2.04 % 1.96 % 3.88 % The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: March 31, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of actual variances from expected experience and other activity 31 (3) (10) 18 Adjusted balance, BOP 5,563 3,376 5,250 14,189 Profits deferred 164 451 373 988 Interest accrual 57 35 39 131 Amortization (141) (288) (257) (686) Foreign currency adjustment 7 8 (18) (3) Other adjustments 0 10 0 10 Balance, EOP, pre-flooring 5,650 3,592 5,387 14,629 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,650 3,592 5,388 14,630 Less: Reinsurance recoverable 0 9 11 20 Balance after reinsurance recoverable $ 5,650 $ 3,583 $ 5,377 14,610 Other businesses 185 Total balance after reinsurance recoverable $ 14,795 March 31, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of actual variances from expected experience and other activity 70 (9) (5) 56 Adjusted balance, BOP 5,253 2,732 5,008 12,993 Profits deferred 13 465 423 901 Interest accrual 50 30 35 115 Amortization (132) (286) (267) (685) Foreign currency adjustment (8) (15) (122) (145) Other adjustments (1) 9 0 8 Balance, EOP, pre-flooring 5,175 2,935 5,077 13,187 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,175 2,935 5,078 13,188 Less: Reinsurance recoverable 0 8 15 23 Balance after reinsurance recoverable $ 5,175 $ 2,927 $ 5,063 13,165 Other businesses 224 Reclassified to “Liabilities held-for-sale” (25) Total balance after reinsurance recoverable $ 13,364 The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (111) $ (205) $ (145) Interest accrual $ 57 $ 35 $ 39 March 31, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ 1 $ (210) $ (187) Interest accrual $ 50 $ 30 $ 35 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: March 31, 2023 March 31, 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of actual variances from expected experience and other activity (33) (42) Adjusted balance, BOP 13,936 10,757 Assessments collected(1) 270 239 Interest accrual 118 92 Benefits paid (74) (67) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,250 11,021 Flooring impact and amounts in AOCI (1,016) 129 Balance, including amounts in AOCI, EOP, post-flooring 13,234 11,150 Less: Reinsurance recoverable 5,338 4,346 Balance after reinsurance recoverable, including amounts in AOCI, EOP 7,896 6,804 Other businesses 151 199 Total balance after reinsurance recoverable $ 8,047 $ 7,003 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in millions) Interest accrual $ 118 $ 92 Gross assessments $ 827 $ 658 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Liabilities established as a result of the required loss recognition testing as of the period indicated are as follows: Retirement Strategies Institutional March 31, 2023 March 31, 2022 (in millions) Loss recognition liability $ 3 $ 4 The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Three Months Ended March 31, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,892 $ 461 $ 0 $ 1,867 $ 1,767 $ 142 $ 8,129 Additional insurance reserves 0 0 827 0 0 0 827 Deferred profit liability (111) 0 0 (205) (145) (2) (463) Total $ 3,781 $ 461 $ 827 $ 1,662 $ 1,622 $ 140 $ 8,493 Three Months Ended March 31, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,713 $ 473 $ 0 $ 2,090 $ 2,076 $ 149 $ 6,501 Additional insurance reserves 0 0 658 0 0 0 658 Deferred profit liability 1 0 0 (210) (187) 4 (392) Total $ 1,714 $ 473 $ 658 $ 1,880 $ 1,889 $ 153 $ 6,767 Three Months Ended March 31, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 691 $ 101 $ 0 $ 433 $ 381 $ 120 $ 1,726 Additional insurance reserves 0 0 118 0 0 0 118 Deferred profit liability 57 0 0 35 39 1 132 Total $ 748 $ 101 $ 118 $ 468 $ 420 $ 121 $ 1,976 Three Months Ended March 31, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 599 $ 94 $ 0 $ 442 $ 402 $ 113 $ 1,650 Additional insurance reserves 0 0 92 1 0 0 93 Deferred profit liability 50 0 0 30 35 2 117 Total $ 649 $ 94 $ 92 $ 473 $ 437 $ 115 $ 1,860 __________ (1) Represents "Gross Premiums" for benefit reserves, "Gross Assessments" for additional insurance reserves and "Revenue" for deferred profit liability. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above.
Additional Liability, Long-Duration Insurance	January 1, 2021 Unearned Revenue Reserves(1) Individual Life International Businesses Variable/Universal Life Life Planner Gibraltar Life and Other Corporate and Other Other Businesses Total (in millions) Balance prior to transition $ 2,204 $ 161 $ 45 $ 152 $ 30 $ 2,592 Unwinding amounts related to unrealized investment gains and losses and other activity 539 2 5 38 0 584 Balance after transition 2,743 163 50 190 30 3,176 Less: Reinsurance recoverable 0 0 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 2,743 $ 163 $ 50 $ 190 $ 30 $ 3,176 __________ (1) Unearned revenue reserves (“URR”) are included in “Policyholders' account balances”. January 1, 2021 Cost of Reinsurance(1) Individual Life Variable/Universal Life (in millions) Balance prior to transition $ 3,058 Unwinding amounts related to unrealized investment gains and losses (659) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 2,399 Impact from updates to certain universal life contract liabilities(2) 860 Balance after transition, excluding amounts related to unrealized investment gains and losses 3,259 Amounts related to unrealized investment gains and losses after transition 580 Balance after transition $ 3,839 _________ (1) Cost of reinsurance is included in “Other liabilities.”
Market Risk Benefit, Activity	January 1, 2021 Market Risk Benefits(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Liability for guaranteed benefits recorded at fair value, prior to transition $ 18,731 $ 148 $ 18,879 AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses 824 140 964 Total liability prior to transition 19,555 288 19,843 Change in reserve basis to MRB framework 122 98 220 MRB after transition, at current NPR value 19,677 386 20,063 Less: Reinsured MRB 204 7 211 MRB after transition, net of reinsurance 19,473 379 19,852 MRB after transition, at contract inception NPR value 21,259 392 21,651 Cumulative change in NPR 1,582 6 1,588 MRB after transition, at current NPR value $ 19,677 $ 386 $ 20,063 __________ (1) For additional information regarding market risk benefits, see Note 11. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 March 31, 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 300 403 Claims paid (32) (18) Interest accrual 85 9 Actual in force different from expected 19 29 Effect of changes in interest rates 463 (3,258) Effect of changes in equity markets (671) 1,150 Other adjustments 78 0 Balance, EOP, before effect of changes in NPR 7,057 12,605 Effect of cumulative changes in NPR (2,014) (1,988) Balance, EOP 5,043 10,617 Less: Reinsured MRB 28 68 Balance, EOP, net of reinsurance 5,015 10,549 Other businesses 105 218 Reclassified to “Assets and Liabilities held-for-sale”(1) 0 (3,608) Total net MRB balance $ 5,120 $ 7,159 ___________ (1) Represents “Assets held-for-sale” of $100 million in Individual Retirement Strategies and “Liabilities held-for-sale” of $3,640 million in Individual Retirement Strategies and $68 million in Full Service Retirement (in Other businesses) as of March 31, 2022. The following table presents accompanying information to the rollforward table above. March 31, 2023 March 31, 2022 ($ in millions) Net amount at risk $ 11,332 $ 8,056 Weighted-average attained age of contractholders 69 67 The tables below reconcile MRB asset and liability positions as of the following dates: March 31, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 962 $ 14 $ 976 MRB Liabilities 5,978 118 6,096 Net Liability $ 5,016 $ 104 $ 5,120 March 31, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets(1) $ 905 $ 15 $ 920 MRB Liabilities(2) 7,914 165 8,079 Net Liability $ 7,009 $ 150 $ 7,159 ___________ (1) Excludes "Assets held-for-sale" of $100 million, as described above. (2) Excludes "Liabilities held-for-sale" of $3,708 million, as described above.

Investments (Tables)

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2023
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: March 31, 2023 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 $ 29,054 $ 1,399 $ 3,387 $ 0 $ 27,066 Obligations of U.S. states and their political subdivisions 10,122 311 511 0 9,922 Foreign government bonds 75,080 5,547 3,438 62 77,127 U.S. public corporate securities 102,895 1,694 11,016 77 93,496 U.S. private corporate securities(1) 39,661 584 2,764 36 37,445 Foreign public corporate securities 22,167 483 1,558 53 21,039 Foreign private corporate securities 32,706 249 4,367 40 28,548 Asset-backed securities(2) 13,035 183 228 1 12,989 Commercial mortgage-backed securities 11,251 5 844 0 10,412 Residential mortgage-backed securities(3) 2,633 26 191 0 2,468 Total fixed maturities, available-for-sale(1) $ 338,604 $ 10,481 $ 28,304 $ 269 $ 320,512 __________ (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, auto loans, education 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, 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 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.
Fixed Maturities, Held-to-maturity Securities	March 31, 2023 Amortized Gross Gross Fair Allowance for Credit Losses Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 718 $ 139 $ 0 $ 857 $ 0 $ 718 Foreign public corporate securities 426 24 0 450 2 424 Residential mortgage-backed securities(3) 135 7 0 142 0 135 Total fixed maturities, held-to-maturity(4) $ 1,279 $ 170 $ 0 $ 1,449 $ 2 $ 1,277 __________ (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, auto loans, education 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, 2022 Amortized Gross Gross Fair Allowance for Credit Losses Amortized (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 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 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.
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: March 31, 2023 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 $ 5,861 $ 290 $ 10,732 $ 3,097 $ 16,593 $ 3,387 Obligations of U.S. states and their political subdivisions 2,151 72 2,879 439 5,030 511 Foreign government bonds 2,397 99 21,059 3,324 23,456 3,423 U.S. public corporate securities 21,422 887 51,026 10,121 72,448 11,008 U.S. private corporate securities 10,019 450 20,443 2,314 30,462 2,764 Foreign public corporate securities 4,232 114 9,222 1,418 13,454 1,532 Foreign private corporate securities 5,305 486 19,278 3,878 24,583 4,364 Asset-backed securities 1,960 27 7,610 201 9,570 228 Commercial mortgage-backed securities 2,683 204 7,440 640 10,123 844 Residential mortgage-backed securities 535 23 1,220 166 1,755 189 Total fixed maturities, available-for-sale $ 56,565 $ 2,652 $ 150,909 $ 25,598 $ 207,474 $ 28,250 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
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: March 31, 2023 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost, Net of Allowance Fair Value (in millions) Fixed maturities: Due in one year or less $ 13,660 $ 13,628 $ 0 $ 0 Due after one year through five years 52,864 51,798 425 450 Due after five years through ten years 62,703 61,453 15 16 Due after ten years(1) 182,458 167,764 702 841 Asset-backed securities 13,035 12,989 0 0 Commercial mortgage-backed securities 11,251 10,412 0 0 Residential mortgage-backed securities 2,633 2,468 135 142 Total $ 338,604 $ 320,512 $ 1,277 $ 1,449 __________ (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: Three Months Ended 2023 2022 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 7,350 $ 9,083 Proceeds from maturities/prepayments 3,988 5,305 Gross investment gains from sales and maturities 290 242 Gross investment losses from sales and maturities (305) (570) Write-downs recognized in earnings(2) (9) (6) (Addition to) release of allowance for credit losses (131) (77) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 7 $ 9 (Addition to) release of allowance for credit losses 0 0 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(160) million and $(148) million for the three months ended March 31, 2023 and 2022, respectively. (2) Amounts represent write-downs on credit adverse securities and securities actively marketed for sale. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of less than $1 million for both the three months ended March 31, 2023 and 2022.
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: Three Months Ended March 31, 2023 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 $ 1 $ 136 $ 1 $ 0 $ 0 $ 138 Additions to allowance for credit losses not previously recorded 0 62 75 0 0 0 137 Reductions for securities sold during the period 0 0 (40) 0 0 0 (40) Reductions for securities with intent to sell 0 0 0 0 0 0 0 Additions (reductions) on securities with previous allowance 0 (1) 35 0 0 0 34 Balance, end of period $ 0 $ 62 $ 206 $ 1 $ 0 $ 0 $ 269 Three Months Ended March 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 10 62 0 0 0 72 Reductions for securities sold during the period 0 (2) (28) 0 0 0 (30) Reductions for securities with intent to sell 0 (4) 0 0 0 0 (4) Additions (reductions) on securities with previous allowance 0 1 38 0 0 0 39 Reclassified to / (from) “Assets held-for-sale”(1) 0 0 1 0 0 0 1 Balance, end of period $ 0 $ 12 $ 180 $ 0 $ 0 $ 0 $ 192 __________ (1) See Note 1 for additional information. Three Months Ended March 31, 2023 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 $ 2 $ 0 $ 0 $ 0 $ 2 Current period provision for expected losses 0 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Three Months Ended March 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 0 0 0 0 0 Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 4 $ 0 $ 0 $ 0 $ 4
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: March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Short-term investments and cash equivalents $ 0 $ 0 $ 0 $ 0 Fixed maturities: Corporate securities 90 88 91 88 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Asset-backed securities 0 0 0 0 Foreign government bonds 663 658 705 668 U.S. government authorities and agencies and obligations of U.S. states 188 192 188 189 Total fixed maturities(1) 941 938 984 945 Equity securities 1,651 2,020 1,628 1,899 Total assets supporting experience-rated contractholder liabilities(2) $ 2,592 $ 2,958 $ 2,612 $ 2,844 __________ (1) As a percentage of amortized cost, 98% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both March 31, 2023 and December 31, 2022. (2) As a percentage of amortized cost 100% of the portfolio consisted of public securities, as of both March 31, 2023 and December 31, 2022.
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: March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 65,734 $ 68,307 $ 65,198 $ 64,959 Fixed maturities, held-to-maturity 699 835 706 831 Fixed maturities, trading 19 19 20 19 Assets supporting experience-rated contractholder liabilities 573 570 613 587 Total $ 67,025 $ 69,731 $ 66,537 $ 66,396 March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,685 $ 2,422 $ 2,264 $ 2,010 Short-term investments 65 65 60 61 Cash equivalents 236 236 210 210 Total $ 2,986 $ 2,723 $ 2,534 $ 2,281
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 8,727 15.5 % $ 9,096 16.2 % Retail 6,108 10.8 6,103 10.8 Apartments/Multi-Family 15,386 27.3 15,381 27.3 Industrial 13,494 23.9 13,079 23.2 Hospitality 2,012 3.6 2,027 3.6 Other 3,790 6.7 3,791 6.7 Total commercial mortgage loans 49,517 87.8 49,477 87.8 Agricultural property loans 6,881 12.2 6,857 12.2 Total commercial mortgage and agricultural property loans 56,398 100.0 % 56,334 100.0 % Allowance for credit losses (220) (201) Total net commercial mortgage and agricultural property loans 56,178 56,133 Other loans: Uncollateralized loans 454 463 Residential property loans 39 43 Other collateralized loans 108 108 Total other loans 601 614 Allowance for credit losses (1) (2) Total net other loans 600 612 Total net commercial mortgage and other loans(1) $ 56,778 $ 56,745 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of March 31, 2023 and December 31, 2022, the net carrying value of these loans were $257 million and $137 million, respectively. Commercial Mortgage Loan Commitments March 31, December 31, (in millions) Total outstanding mortgage loan commitments $ 2,169 $ 1,995 Portion of commitment where prearrangement to sell to investor exists $ 721 $ 582 Indemnification of Serviced Mortgage Loans March 31, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,974 $ 2,972 First-loss exposure portion of above $ 862 $ 862 Accrued liability associated with guarantees(1) $ 31 $ 33 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $16 million and $17 million as of March 31, 2023 and December 31, 2022, respectively. The change in allowance is a reduction of $1 million and $3 million for the three months ended March 31, 2023, and 2022, respectively.
Allowance for Credit Losses	The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2023 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 188 $ 13 $ 0 $ 0 $ 2 $ 203 Addition to (release of) allowance for expected losses 17 2 0 0 0 19 Reduction for loans sold during the period 0 0 0 0 (1) (1) Allowance, end of period $ 205 $ 15 $ 0 $ 0 $ 1 $ 221 Three Months Ended March 31, 2022 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 111 $ 4 $ 0 $ 0 $ 4 $ 119 Addition to (release of) allowance for expected losses (4) 0 0 0 0 (4) Reclassified (to) from “Assets held-for-sale”(1) 6 0 0 0 0 6 Allowance, end of period $ 113 $ 4 $ 0 $ 0 $ 4 $ 121 _________ (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 dates indicated: March 31, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 93 $ 857 $ 1,757 $ 1,276 $ 2,831 $ 19,030 $ 0 $ 25,844 60%-69.99% 408 1,977 3,560 1,533 2,766 5,642 0 15,886 70%-79.99% 324 871 1,053 497 1,077 2,076 0 5,898 80% or greater 0 35 26 7 100 1,721 0 1,889 Total $ 825 $ 3,740 $ 6,396 $ 3,313 $ 6,774 $ 28,469 $ 0 $ 49,517 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 749 $ 3,195 $ 6,072 $ 2,998 $ 5,851 $ 24,072 $ 0 $ 42,937 1.0 - 1.2x 2 545 247 125 450 2,645 0 4,014 Less than 1.0x 74 0 77 190 473 1,752 0 2,566 Total $ 825 $ 3,740 $ 6,396 $ 3,313 $ 6,774 $ 28,469 $ 0 $ 49,517 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 92 $ 913 $ 2,002 $ 826 $ 461 $ 1,565 $ 86 $ 5,945 60%-69.99% 17 671 49 5 42 8 0 792 70%-79.99% 0 0 23 20 0 54 0 97 80% or greater 0 0 0 0 0 47 0 47 Total $ 109 $ 1,584 $ 2,074 $ 851 $ 503 $ 1,674 $ 86 $ 6,881 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 109 $ 1,571 $ 2,031 $ 772 $ 502 $ 1,543 $ 86 $ 6,614 1.0 - 1.2x 0 5 43 79 0 71 0 198 Less than 1.0x 0 8 0 0 1 60 0 69 Total $ 109 $ 1,584 $ 2074 $ 851 $ 503 $ 1,674 $ 86 $ 6,881 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 loans 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
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: March 31, 2023 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 49,505 $ 0 $ 0 $ 12 $ 12 $ 49,517 $ 11 Agricultural property loans 6,854 4 11 12 27 6,881 28 Residential property loans 38 1 0 0 1 39 0 Other collateralized loans 108 0 0 0 0 108 0 Uncollateralized loans 454 0 0 0 0 454 25 Total $ 56,959 $ 5 $ 11 $ 24 $ 40 $ 56,999 $ 64 __________ (1) As of March 31, 2023, 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 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. 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 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2023 December 31, 2022 (in millions) LPs/LLCs: Equity method: Private equity $ 7,538 $ 7,215 Hedge funds 3,041 3,220 Real estate-related 2,564 2,793 Subtotal equity method 13,143 13,228 Fair value: Private equity 1,436 1,476 Hedge funds 2,143 1,908 Real estate-related 293 305 Subtotal fair value 3,872 3,689 Total LPs/LLCs 17,015 16,917 Real estate held through direct ownership(1) 1,860 1,617 Derivative instruments 1,444 1,457 Other(2) 1,172 1,108 Total other invested assets $ 21,491 $ 21,099 _________ (1) As of March 31, 2023 and December 31, 2022, real estate held through direct ownership had mortgage debt of $183 million and $208 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 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2023 December 31, 2022 (in millions) Fixed maturities $ 2,599 $ 2,517 Equity securities 8 6 Commercial mortgage and other loans 187 190 Policy loans 244 253 Other invested assets 17 18 Short-term investments and cash equivalents 40 28 Total accrued investment income $ 3,095 $ 3,012
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended 2023 2022 (in millions) Fixed maturities, available-for-sale(1) $ 3,235 $ 2,969 Fixed maturities, held-to-maturity(1) 50 54 Fixed maturities, trading 55 62 Assets supporting experience-rated contractholder liabilities 13 135 Equity securities 40 26 Commercial mortgage and other loans 543 588 Policy loans 124 125 Other invested assets 310 555 Short-term investments and cash equivalents 238 17 Gross investment income 4,608 4,531 Less: investment expenses (288) (173) Net investment income $ 4,320 $ 4,358 __________ (1) Includes income on credit-linked notes which are reported on the same financial statement line items as related surplus notes, as conditions are met for right to offset.
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended 2023 2022 (in millions) Fixed maturities(1) $ (155) $ (411) Commercial mortgage and other loans (12) 15 Investment real estate 32 6 LPs/LLCs (16) (12) Derivatives 358 (638) Other 10 (4) Realized investment gains (losses), net $ 217 $ (1,044) __________ (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: March 31, 2023 December 31, 2022 (in millions) Fixed maturity securities, available-for-sale with an allowance $ (79) $ (45) Fixed maturity securities, available-for-sale without an allowance (17,744) (27,545) Derivatives designated as cash flow hedges(1) 2,344 2,616 Derivatives designated as fair value hedges(1) (74) (54) Other investments(2) 18 2 Net unrealized gains (losses) on investments $ (15,535) $ (25,026) __________ (1) For additional information regarding cash flow and fair value hedges, see Note 5. (2) As of March 31, 2023 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: March 31, 2023 December 31, 2022 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 $ 6,330 $ 200 $ 50 $ 6,580 $ 6,179 $ 200 $ 200 $ 6,579 Commercial mortgage-backed securities 27 0 0 27 0 0 0 0 Residential mortgage-backed securities 10 0 0 10 10 0 0 10 Total securities sold under agreements to repurchase $ 6,367 $ 200 $ 50 $ 6,617 $ 6,189 $ 200 $ 200 $ 6,589 . 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: March 31, 2023 December 31, 2022 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 61 0 61 Foreign government bonds 342 8 350 285 14 299 U.S. public corporate securities 4,051 350 4,401 4,109 395 4,504 Foreign public corporate securities 838 66 904 806 69 875 Equity securities 258 0 258 360 0 360 Total cash collateral for loaned securities(1) $ 5,551 $ 424 $ 5,975 $ 5,622 $ 478 $ 6,100 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
Variable Interest Entities (Tables)	Mar. 31, 2023
Variable Interest Entity, Measure of Activity [Abstract]
Schedule of Consolidated Variable Interest Entities	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 the Other Consolidated VIEs(1) March 31, December 31, March 31, December 31, (in millions) Fixed maturities, available-for-sale $ 448 $ 398 $ 91 $ 90 Fixed maturities, held-to-maturity 0 0 683 689 Fixed maturities, trading 190 164 0 0 Equity securities 74 85 0 0 Commercial mortgage and other loans 752 784 0 0 Other invested assets 3,770 3,397 81 68 Cash and cash equivalents 202 375 0 0 Accrued investment income 3 2 3 3 Other assets 357 352 724 706 Total assets of consolidated VIEs $ 5,796 $ 5,557 $ 1,582 $ 1,556 Other liabilities $ 418 $ 389 $ 0 $ 0 Notes issued by consolidated VIEs(2) 415 374 0 0 Total liabilities of consolidated VIEs $ 833 $ 763 $ 0 $ 0 __________ (1) Total assets of consolidated VIEs reflect $3,495 million and $3,403 million as of March 31, 2023 and December 31, 2022, 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 March 31, 2023, the maturities of these obligations were between 1 and 10 years.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
Derivative Instruments (Tables)	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks they are utilized to manage, 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 the netting effects of master netting agreements and cash collateral. These netting impacts resulted in total derivative assets of $1,443 million and $1,455 million as of March 31, 2023 and December 31, 2022, respectively, and total derivative liabilities of $2,274 million and $3,055 million as of March 31, 2023 and December 31, 2022, respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type March 31, 2023 December 31, 2022 Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,576 $ 100 $ (176) $ 3,627 $ 66 $ (245) Interest Rate Forwards 299 0 (50) 398 0 (85) Foreign Currency Foreign Currency Forwards 4,870 122 (217) 4,830 155 (262) Currency/Interest Rate Foreign Currency Swaps 25,766 3,121 (326) 25,636 3,469 (333) Total Derivatives Designated as Hedge Accounting Instruments $ 34,511 $ 3,343 $ (769) $ 34,491 $ 3,690 $ (925) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 223,439 $ 7,567 $ (19,487) $ 212,934 $ 9,097 $ (21,154) Interest Rate Futures 11,995 62 (16) 18,080 13 (24) Interest Rate Options 27,078 276 (737) 9,778 224 (280) Interest Rate Forwards 3,700 31 (18) 2,354 21 (42) Foreign Currency Foreign Currency Forwards 30,693 1,558 (1,799) 31,317 1,556 (1,924) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 8,298 744 (138) 8,410 813 (170) Credit Credit Default Swaps 8,081 38 (44) 6,351 27 (57) Equity Equity Futures 1,527 7 (14) 1,372 1 (2) Equity Options 41,000 707 (1,448) 38,323 708 (1,590) Total Return Swaps 10,969 126 (158) 11,806 106 (184) Other Other(1) 1,250 0 0 1,250 0 0 Synthetic GICs 83,379 1 (1) 84,338 1 (1) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 451,409 $ 11,117 $ (23,860) $ 426,313 $ 12,567 $ (25,428) Total Derivatives(2)(3) $ 485,920 $ 14,460 $ (24,629) $ 460,804 $ 16,257 $ (26,353) __________ (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 $3,706 million and $2,997 million as of March 31, 2023 and December 31, 2022, respectively, primarily included in "Policyholder account balances." (3) Recorded in “Other invested assets” and “Other liabilities” on the Unaudited Interim Consolidated Statements of Financial Position.
Schedule of Derivative instruments (hedged item in fair value hedge accounting relationship)	As of March 31, 2023, the following amounts were recorded on the Unaudited Interim 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. March 31, 2023 December 31, 2022 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 $ 303 $ 30 $ 297 $ 27 Commercial mortgage and other loans $ 0 $ 0 $ 0 $ 0 Policyholders’ account balances $ (1,016) $ 180 $ (966) $ 217 Future policy benefits $ (2,450) $ 295 $ (2,354) $ 391 __________ (1) There were no material fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued.
Offsetting of Financial 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 Unaudited Interim 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 Unaudited Interim Consolidated Statements of Financial Position. March 31, 2023 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 14,368 $ (13,017) $ 1,351 $ (518) $ 833 Securities purchased under agreement to resell 708 0 708 (708) 0 Total assets $ 15,076 $ (13,017) $ 2,059 $ (1,226) $ 833 Offsetting of Financial Liabilities: Derivatives $ 24,628 $ (22,355) $ 2,273 $ (2,273) $ 0 Securities sold under agreement to repurchase 6,617 0 6,617 (6,590) 27 Total liabilities $ 31,245 $ (22,355) $ 8,890 $ (8,863) $ 27 December 31, 2022 Gross Gross Net 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 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting of Financial 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 Unaudited Interim 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 Unaudited Interim Consolidated Statements of Financial Position. March 31, 2023 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 14,368 $ (13,017) $ 1,351 $ (518) $ 833 Securities purchased under agreement to resell 708 0 708 (708) 0 Total assets $ 15,076 $ (13,017) $ 2,059 $ (1,226) $ 833 Offsetting of Financial Liabilities: Derivatives $ 24,628 $ (22,355) $ 2,273 $ (2,273) $ 0 Securities sold under agreement to repurchase 6,617 0 6,617 (6,590) 27 Total liabilities $ 31,245 $ (22,355) $ 8,890 $ (8,863) $ 27 December 31, 2022 Gross Gross Net 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 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
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. Three Months Ended March 31, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) 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 $ (3) $ 0 $ 0 $ 0 $ 0 $ 37 $ 43 $ 0 Currency 0 0 (1) 0 0 0 49 0 Total gains (losses) on derivatives designated as hedge instruments (3) 0 (1) 0 0 37 92 0 Gains (losses) on the hedged item: Interest Rate 4 0 3 0 0 (37) (48) 0 Currency 0 0 1 0 0 0 (47) 0 Total gains (losses) on hedged item 4 0 4 0 0 (37) (95) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) (20) Total Amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) (20) Total gains (losses) on fair value hedges net of hedged item 1 0 3 0 0 0 (5) (20) Cash flow hedges Interest Rate (22) 0 (1) 0 0 0 0 43 Currency 5 0 0 0 0 0 0 (38) Currency/Interest Rate 36 0 83 (80) 0 0 0 (277) Total gains (losses) on cash flow hedges 19 0 82 (80) 0 0 0 (272) Net investment hedges Currency 0 0 0 0 0 0 0 (1) Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 (1) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 546 267 0 0 0 0 0 0 Currency (161) 0 0 1 0 0 0 0 Currency/Interest Rate (28) 0 0 (2) 0 0 0 0 Credit 46 0 0 0 0 0 0 0 Equity 189 (238) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (245) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 347 29 0 (1) 0 0 0 0 Total $ 367 $ 29 $ 85 $ (81) $ 0 $ 0 $ (5) $ (293) Three Months Ended March 31, 2022(2) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) 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 $ 15 $ 0 $ (2) $ 0 $ 0 $ (141) $ (158) $ 0 Currency (25) 0 0 0 0 0 (56) 0 Total gains (losses) on derivatives designated as hedge instruments (10) 0 (2) 0 0 (141) (214) 0 Gains (losses) on the hedged item: Interest Rate (15) 0 4 0 0 147 160 0 Currency 25 0 3 0 0 0 53 0 Total gains (losses) on hedged item 10 0 7 0 0 147 213 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) 11 Total amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) 11 Total gains (losses) on fair value hedges net of hedged item 0 0 5 0 0 6 (3) 11 Cash flow hedges Interest Rate (5) 0 1 0 0 0 0 (58) Currency 1 0 0 0 0 0 0 30 Currency/Interest Rate 6 0 69 79 0 0 0 164 Total gains (losses) on cash flow hedges 2 0 70 79 0 0 0 136 Net investment hedges Currency 0 0 0 0 0 0 0 (12) Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 (12) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (877) $ (2,728) 0 0 0 0 0 0 Currency (209) $ 0 0 (1) 0 0 0 0 Currency/Interest Rate 140 $ 0 0 1 0 0 0 0 Credit (37) $ 0 0 0 0 0 0 0 Equity 111 $ 365 0 0 0 0 0 0 Other 1 $ 0 0 0 0 0 0 0 Embedded Derivatives 258 $ 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (613) (2,363) 0 0 0 0 0 0 Total $ (611) $ (2,363) $ 75 $ 79 $ 0 $ 6 $ (3) $ 135 _______ (1) Excluding changes related to net investment hedges using non-derivative instruments of $(1) million for the three months ended March 31, 2023 , and $30 million for three months ended March 31, 2022, respectively (2) Prior period amounts have been updated to conform to current period presentation.
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, 2022 $ 2,616 Amount recorded in AOCI: Interest Rate 20 Currency (33) Currency/Interest Rate (238) Total amount recorded in AOCI (251) Amount reclassified from AOCI to income: Interest Rate 23 Currency (5) Currency/Interest Rate (39) Total amount reclassified from AOCI to income (21) Balance, March 31, 2023 $ 2,344
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 24 years for index reference. March 31, 2023 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) 46 0 0 0 5,618 (24) 0 0 0 0 1,109 19 6,773 (5) Total $ 46 $ 0 $ 0 $ 0 $ 5,618 $ (24) $ 0 $ 0 $ 0 $ 0 $ 1,109 $ 19 $ 6,773 $ (5) 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) _________ (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.

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
Fair Value of Assets and Liabilities (Tables)	Mar. 31, 2023
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 March 31, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 27,066 $ 0 $ $ 27,066 Obligations of U.S. states and their political subdivisions 0 9,915 7 9,922 Foreign government bonds 0 77,118 9 77,127 U.S. corporate public securities 0 93,430 66 93,496 U.S. corporate private securities(2) 0 35,106 2,339 37,445 Foreign corporate public securities 0 20,971 68 21,039 Foreign corporate private securities 0 27,080 1,468 28,548 Asset-backed securities(3) 0 12,604 385 12,989 Commercial mortgage-backed securities 0 9,368 1,044 10,412 Residential mortgage-backed securities 0 2,459 9 2,468 Subtotal 0 315,117 5,395 320,512 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 192 0 192 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 658 0 658 Corporate securities 0 88 0 88 Asset-backed securities(3) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 855 1,165 0 2,020 All other(4) 0 0 0 0 Subtotal 855 2,103 0 2,958 Market risk benefit assets 0 0 976 976 Fixed maturities, trading 0 5,930 339 6,269 Equity securities 4,508 2,264 801 7,573 Commercial mortgage and other loans 0 257 0 257 Other invested assets(5) 70 14,389 803 (13,017) 2,245 Short-term investments 336 3,789 16 4,141 Cash equivalents 681 6,991 0 7,672 Other assets 0 368 167 535 Separate account assets(6)(7) 10,299 161,011 1,169 172,479 Total assets $ 16,749 $ 512,219 $ 9,666 $ (13,017) $ 525,617 Market risk benefit liabilities $ 0 $ 0 $ 6,096 $ $ 6,096 Policyholders’ account balances 0 0 4,244 4,244 Other liabilities 35 24,560 1 (22,355) 2,241 Total liabilities $ 35 $ 24,560 $ 10,341 $ (22,355) $ 12,581 As of December 31, 2022 Level 1 Level 2 Level 3 Netting(1) 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(2) 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(3) 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(3) 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(4) 0 0 0 0 Subtotal 780 2,064 0 2,844 Market risk benefit assets 0 0 800 800 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(5) 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 0 152 152 Separate account assets(6)(7) 8,310 162,414 1,081 171,805 Total assets $ 14,328 $ 501,603 $ 8,683 $ (14,802) $ 509,812 Market risk benefit liabilities $ 0 $ 0 $ 5,864 $ $ 5,864 Policyholders’ account balances 0 0 3,492 3,492 Other liabilities 26 25,953 1 (23,298) 2,682 Total liabilities $ 26 $ 25,953 $ 9,357 $ (23,298) $ 12,038 __________ (1) “Netting” amounts represent cash collateral of $(9,338) million and $(8,496) million as of March 31, 2023 and December 31, 2022, respectively. (2) Excludes notes with fair value of $8,040 million (carrying amount of $8,040 million), as of both March 31, 2023 and December 31, 2022, which have been offset with the associated payables under a netting agreement. (3) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (4) All other represents cash equivalents and short-term investments. (5) 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. As of March 31, 2023 and December 31, 2022, the fair values of such investments were $3,872 million and $3,689 million, respectively. (6) 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. As of March 31, 2023 and December 31, 2022, the fair value of such investments were $29,815 million and $25,874 million, respectively. (7) 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 Unaudited Interim Consolidated Statements of Financial 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 March 31, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,302 Discounted Discount rate 0.53% 20% 7.66% Decrease Market comparables EBITDA multiples(4) 0.0X 0.0X 0.0X Increase Liquidation Liquidation value 8.56% 82.86% 72.41% Increase Commercial mortgage-backed securities $ 969 Discounted Liquidity premium 0.60% 0.75% 0.70% Decrease Market risk benefit assets(7) $ 976 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.52% 2.20% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 18% 25% Decrease Equity securities $ 285 Discounted Discount rate 0.2% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.0X 3.5X Increase Net Asset Value Share price $6 $1,708 $543 Increase Liabilities: Market risk benefit liabilities(7) $ 6,096 Discounted Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.52% 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% 25% Increase Policyholders’ account balances(8) $ 4,244 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.27% 2.34% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 30% Increase Option Budget(14) (2)% 6% Increase 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 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 Market risk benefit assets(7) $ 800 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.50% 2.20% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 18% 26% Decrease Equity securities $ 290 Discounted Discount rate 0.2% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.5X 4.0X Increase Net Asset Value Share price $6 $1,708 $22 Increase Separate account assets-commercial mortgage loans(6) $ 74 Discounted Spread 1.25% 2.10% 1.44% Decrease Liabilities: Market risk benefit liabilities(7) $ 5,864 Discounted 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 ___________ (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) For these investments, a range of discount rates is typically used (10% to 20%) and is therefore a more meaningful representation of the unobservable inputs used in the valuation rather than weighted average. (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 Unaudited Interim Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Unaudited Interim Consolidated Statements of Operations. (7) Market risk benefits primarily represent fair value for all living benefit guarantees including accommodation, withdrawal and income benefits. Since the valuation methodology for these assets and liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than 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 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 March 31, 2023 and December 31, 2022, 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 both March 31, 2023 and December 31, 2022, the minimum withdrawal rate assumption is 77% and 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 and interest rate 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. Three Months Ended March 31, 2023(8) 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(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 U.S. states 7 0 0 0 0 0 0 0 0 7 0 Foreign government 8 0 0 0 0 1 0 0 0 9 0 Corporate securities(3) 3,858 9 527 (128) 0 (323) (2) 0 0 3,941 21 Structured securities(4) 1,289 (35) 240 (1) 0 (12) 0 37 (80) 1,438 (36) Other assets: Fixed maturities, trading 304 5 33 0 0 (4) 1 0 0 339 3 Equity securities 627 17 7 (59) 0 (6) 215 1 (1) 801 0 Other invested assets 539 1 270 (7) 0 0 0 0 0 803 1 Short-term investments 18 2 3 0 0 (7) 0 0 0 16 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 152 (18) 35 0 0 (2) 0 0 0 167 (17) Separate account assets(5) 1,081 39 143 (67) 0 (26) 0 0 (1) 1,169 37 Liabilities: Policyholders’ account balances(6) (3,492) (251) 0 0 (401) 0 (100) 0 0 (4,244) (442) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Three Months Ended March 31, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (3) $ 0 $ 0 $ (24) $ 1 $ 7 $ 0 $ 0 $ (22) Other assets: Fixed maturities, trading 0 4 0 0 1 0 3 0 0 Equity securities 0 17 0 0 0 0 0 0 0 Other invested assets 0 1 0 0 0 0 1 0 0 Short-term investments 2 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets (18) 0 0 0 0 (17) 0 0 0 Separate account assets(5) 0 0 39 0 0 0 0 37 0 Liabilities: Policyholders’ account balances (251) 0 0 0 0 (442) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Three Months Ended March 31, 2022(8) 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(2) (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 0 0 0 0 0 0 0 0 8 0 Foreign government 10 0 0 0 0 0 0 0 0 10 0 Corporate securities(3) 5,316 (382) 244 (24) 0 (147) (10) 8 0 5,005 (373) Structured securities(4) 1,986 (145) 85 (17) 0 (20) (3) 6 (140) 1,752 (146) Other assets: Fixed maturities, trading 421 (12) 10 (29) 0 (16) 4 0 0 378 (12) Equity securities 799 22 11 (122) 0 (2) (9) 73 0 772 (1) Other invested assets 493 7 21 (17) 0 0 0 0 0 504 7 Short-term investments 330 0 1 0 0 (118) 0 0 0 213 0 Cash equivalents 70 (2) 7 0 0 (73) 0 0 0 2 (2) Other assets 54 7 4 0 0 (2) 76 0 0 139 5 Separate account assets(5) 1,283 (46) 32 (11) 0 (3) (1) 0 0 1,254 (48) Liabilities: Policyholders’ account balances(6) (1,436) 167 0 0 (133) 0 0 0 0 (1,402) 493 Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Three Months Ended March 31, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (76) $ 0 $ 0 $ (453) $ 2 $ (79) $ 0 $ 0 $ (440) Other assets: Fixed maturities, trading 0 (12) 0 0 0 0 (12) 0 0 Equity securities 0 22 0 0 0 0 (1) 0 0 Other invested assets (3) 10 0 0 0 (3) 10 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents (2) 0 0 0 0 (2) 0 0 0 Other assets 7 0 0 0 0 5 0 0 0 Separate account assets(5) 0 0 (47) 0 1 0 0 (48) 0 Liabilities: Policyholders’ account balances 167 0 0 0 0 493 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 ___________ (1) “Other” includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) 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. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) 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 Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (7) 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. (8) Effective January 1, 2021, Future policy benefits previously included in “changes in level 3 assets and liabilities” are reported in Note 11 Market Risk Benefits.
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. Three Months Ended March 31, 2023(8) 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(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 U.S. states 7 0 0 0 0 0 0 0 0 7 0 Foreign government 8 0 0 0 0 1 0 0 0 9 0 Corporate securities(3) 3,858 9 527 (128) 0 (323) (2) 0 0 3,941 21 Structured securities(4) 1,289 (35) 240 (1) 0 (12) 0 37 (80) 1,438 (36) Other assets: Fixed maturities, trading 304 5 33 0 0 (4) 1 0 0 339 3 Equity securities 627 17 7 (59) 0 (6) 215 1 (1) 801 0 Other invested assets 539 1 270 (7) 0 0 0 0 0 803 1 Short-term investments 18 2 3 0 0 (7) 0 0 0 16 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 152 (18) 35 0 0 (2) 0 0 0 167 (17) Separate account assets(5) 1,081 39 143 (67) 0 (26) 0 0 (1) 1,169 37 Liabilities: Policyholders’ account balances(6) (3,492) (251) 0 0 (401) 0 (100) 0 0 (4,244) (442) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Three Months Ended March 31, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (3) $ 0 $ 0 $ (24) $ 1 $ 7 $ 0 $ 0 $ (22) Other assets: Fixed maturities, trading 0 4 0 0 1 0 3 0 0 Equity securities 0 17 0 0 0 0 0 0 0 Other invested assets 0 1 0 0 0 0 1 0 0 Short-term investments 2 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets (18) 0 0 0 0 (17) 0 0 0 Separate account assets(5) 0 0 39 0 0 0 0 37 0 Liabilities: Policyholders’ account balances (251) 0 0 0 0 (442) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Three Months Ended March 31, 2022(8) 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(2) (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 0 0 0 0 0 0 0 0 8 0 Foreign government 10 0 0 0 0 0 0 0 0 10 0 Corporate securities(3) 5,316 (382) 244 (24) 0 (147) (10) 8 0 5,005 (373) Structured securities(4) 1,986 (145) 85 (17) 0 (20) (3) 6 (140) 1,752 (146) Other assets: Fixed maturities, trading 421 (12) 10 (29) 0 (16) 4 0 0 378 (12) Equity securities 799 22 11 (122) 0 (2) (9) 73 0 772 (1) Other invested assets 493 7 21 (17) 0 0 0 0 0 504 7 Short-term investments 330 0 1 0 0 (118) 0 0 0 213 0 Cash equivalents 70 (2) 7 0 0 (73) 0 0 0 2 (2) Other assets 54 7 4 0 0 (2) 76 0 0 139 5 Separate account assets(5) 1,283 (46) 32 (11) 0 (3) (1) 0 0 1,254 (48) Liabilities: Policyholders’ account balances(6) (1,436) 167 0 0 (133) 0 0 0 0 (1,402) 493 Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Three Months Ended March 31, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (76) $ 0 $ 0 $ (453) $ 2 $ (79) $ 0 $ 0 $ (440) Other assets: Fixed maturities, trading 0 (12) 0 0 0 0 (12) 0 0 Equity securities 0 22 0 0 0 0 (1) 0 0 Other invested assets (3) 10 0 0 0 (3) 10 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents (2) 0 0 0 0 (2) 0 0 0 Other assets 7 0 0 0 0 5 0 0 0 Separate account assets(5) 0 0 (47) 0 1 0 0 (48) 0 Liabilities: Policyholders’ account balances 167 0 0 0 0 493 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 ___________ (1) “Other” includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) 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. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) 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 Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (7) 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. (8) Effective January 1, 2021, Future policy benefits previously included in “changes in level 3 assets and liabilities” are reported in Note 11 Market Risk Benefits.
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 the primary underlying risks they are used to manage. 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 March 31, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 62 $ 7,974 $ 1 $ $ 8,037 Currency 0 1,680 0 1,680 Credit 0 38 0 38 Currency/Interest Rate 0 3,865 0 3,865 Equity 7 833 0 840 Other 0 0 0 0 Netting(1) (13,017) (13,017) Total derivative assets $ 69 $ 14,390 $ 1 $ (13,017) $ 1,443 Derivative Liabilities: Interest Rate $ 16 $ 20,468 $ 1 $ $ 20,485 Currency 0 2,016 0 2,016 Credit 0 44 0 44 Currency/Interest Rate 0 464 0 464 Equity 19 1,601 0 1,620 Other 0 0 0 0 Netting(1) (22,355) (22,355) Total derivative liabilities $ 35 $ 24,593 $ 1 $ (22,355) $ 2,274 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 __________ (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.
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. Three Months Ended March 31, 2023 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 0 0 0 0 0 0 0 0 0 0 0 Three Months Ended March 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 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 2 $ 1 Net Derivative - Interest Rate 1 0 0 0 0 0 0 0 0 1 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). Three Months Ended March 31, 2023 2022 (in millions) Gains (Losses): Mortgage servicing rights(1) $ 0 $ 3 Investment real estate $ 0 $ 0 Investment in JV/LP $ (17) $ 0 March 31, 2023 December 31, 2022 (in millions) Carrying value after measurement as of period end: Mortgage servicing rights(1) $ 0 $ 77 Investment real estate(2) $ 0 $ 112 Investment in JV/LP(2) $ 19 $ 64 Goodwill(3) $ 0 $ 177 __________ (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 including a liquidity and risk premium. This estimate includes available relevant data from any active market sales of mortgage servicing rights. (2) 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”. (3) The Company recognized a goodwill impairment charge for Assurance IQ in 2022. 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 as of December 31, 2022 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 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 for additional information.
Fair Value, Option	The following tables present information regarding assets and liabilities where the fair value option has been elected. Three Months Ended 2023 2022 Commercial mortgage and other loans: Interest income $ 1 $ 4 March 31, 2023 December 31, 2022 (in millions) Commercial mortgage and other loans(1): Fair value as of period end $ 257 $ 137 Aggregate contractual principal as of period end $ 253 $ 136 Other assets: Fair value as of period end $ 11 $ 11 __________ (1) As of March 31, 2023, 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 Unaudited Interim Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2023 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 0 $ 1,449 $ 0 $ 1,449 $ 1,277 Assets supporting experience-rated contractholder liabilities 0 0 0 0 0 Commercial mortgage and other loans 0 47 53,064 53,111 56,521 Policy loans 6 0 10,035 10,041 10,041 Other invested assets 0 102 0 102 102 Short-term investments 942 94 0 1,036 1,036 Cash and cash equivalents 9,041 712 0 9,753 9,753 Accrued investment income 0 3,095 0 3,095 3,095 Other assets 48 2,751 985 3,784 3,783 Total assets $ 10,037 $ 8,250 $ 64,084 $ 82,371 $ 85,608 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 31,743 $ 35,844 $ 67,587 $ 71,109 Securities sold under agreements to repurchase 0 6,617 0 6,617 6,617 Cash collateral for loaned securities 0 5,975 0 5,975 5,975 Short-term debt 0 607 98 705 705 Long-term debt(3) 561 17,810 832 19,203 20,451 Notes issued by consolidated VIEs 0 0 415 415 415 Other liabilities 0 7,132 21 7,153 7,153 Separate account liabilities—investment contracts 0 28,281 24,478 52,759 52,759 Total liabilities $ 561 $ 98,165 $ 61,688 $ 160,414 $ 165,184 December 31, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 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(3) 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 __________ (1) Carrying values presented herein differ from those in the Company’s Unaudited Interim 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. (2) Excludes notes with fair value of $4,250 million (carrying amount of $4,250 million) as of both March 31, 2023 and December 31, 2022, which have been offset with the associated payables under a netting agreement. (3) Includes notes with fair value of $12,290 million (carrying amount of $12,290 million) as of both March 31, 2023 and December 31, 2022, which have been offset with the associated receivables under a netting agreement.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired (Tables)	3 Months Ended
	Mar. 31, 2023
Deferred Charges, Insurers [Abstract]
Schedule of Deferred Policy Acquisition Costs	January 1, 2021 Deferred Policy Acquisition Costs Retirement Strategies Individual Life International Businesses Other Businesses Total Individual Variable Term Life Variable/ Life Gibraltar (in millions) Balance prior to transition $ 4,643 $ 2,417 $ 3,779 $ 4,278 $ 3,390 $ 520 $ 19,027 Unwinding amounts related to unrealized investment gains and losses and other activity 273 0 450 337 570 106 1,736 Balance after transition $ 4,916 $ 2,417 $ 4,229 $ 4,615 $ 3,960 $ 626 $ 20,763 March 31, 2023 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 $ 20,400 Capitalization 59 33 142 159 155 548 Amortization expense (98) (53) (60) (81) (75) (367) Other adjustments 0 0 0 5 0 5 Foreign currency adjustment 0 0 0 2 (13) (11) Balance, EOP $ 4,132 $ 2,268 $ 5,082 $ 4,795 $ 4,298 20,575 Other businesses 166 Total DAC balance $ 20,741 March 31, 2022 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,872 $ 2,372 $ 4,679 $ 4,685 $ 4,135 $ 20,743 Capitalization 79 34 141 168 152 574 Amortization expense (108) (52) (61) (83) (76) (380) Other adjustments 0 0 0 6 0 6 Foreign currency adjustment 0 0 0 (54) (70) (124) Balance, EOP $ 4,843 $ 2,354 $ 4,759 $ 4,722 $ 4,141 20,819 Other businesses 229 Reclassified to “Assets held-for-sale”(1) (1,180) Total DAC balance $ 19,868 _________ (1) Represents “Assets held-for-sale” of $1,084 million and $96 million in Individual Retirement Strategies and Full Services Retirement (in Other businesses), respectively.
Deferred Sales Inducements	January 1, 2021 Deferred Sales Inducements(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Balance prior to transition $ 781 $ 39 $ 820 Unwinding amounts related to unrealized investment gains and losses 85 2 87 Balance after transition $ 866 $ 41 $ 907 __________ (1) Deferred sales inducements (“DSI”) are included in “Other assets”. March 31, 2023 2022 (in millions) Balance, BOP $ 446 $ 799 Capitalization 2 1 Amortization expense (10) (17) Balance, EOP 438 783 Other businesses 34 37 Reclassified to “Assets held-for-sale”(1) 0 (335) Total DSI balance $ 472 $ 485 _________ (1) Represents “Assets held-for-sale” in Individual Retirement Strategies.
Schedule of Value of Business Acquired	January 1, 2021 Value of Business Acquired International Businesses Other Businesses(1) Total Gibraltar Life and Other (in millions) Balance prior to transition $ 852 $ 251 $ 1,103 Unwinding amounts related to unrealized investment gains and losses and other activity 59 1 60 Balance after transition $ 911 $ 252 $ 1,163 __________ (1) Primarily represents value of business acquired (“VOBA”) for the Full Service Retirement business. The following table shows a rollforward of VOBA balances for Gibraltar Life and Other, which is the only line of business that contains a material VOBA balance, along with a reconciliation to the Company’s total VOBA balance: March 31, 2023 2022 (in millions) Balance, BOP $ 597 $ 746 Amortization expense (14) (17) Foreign currency adjustment (5) (36) Balance, EOP 578 693 Other businesses 23 231 Reclassified to “Assets held-for-sale”(1) 0 (201) Total VOBA balance $ 601 $ 723 _________ (1) Represents “Assets held-for-sale” of $26 million and $175 million in Individual Retirement Strategies and Full Services Retirement (in Other businesses), respectively. The following table provides VOBA balances for the applicable businesses for the period ended March 31: 2023 (in millions) Gibraltar Life $ 578 Gibraltar BSN Life Berhad 1 Aoba Life 22 Total $ 601
Estimated Future VOBA Amortization, Net of Interest	The following table provides estimated future amortization, net of interest, for the periods indicated: 2023 (April-December) 2024 2025 2026 2027 Thereafter Total (in millions) Estimated future VOBA amortization $ 42 $ 51 $ 46 $ 42 $ 38 $ 382 $ 601

Separate Accounts (Tables)

Separate Accounts (Tables)	3 Months Ended
Separate Accounts (Tables)	Mar. 31, 2023
Insurance [Abstract]
Separate Account Assets	The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: March 31, December 31, (in millions) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 5,353 $ 5,208 Obligations of U.S. states and their political subdivisions 2,100 2,006 Foreign government bonds 150 120 U.S. corporate securities 13,488 13,135 Foreign corporate securities 3,329 3,261 Asset-backed securities 1,154 1,131 Mortgage-backed securities 15,229 14,653 Mutual funds: Equity 83,917 82,781 Fixed Income 39,529 38,109 Other 5,332 3,797 Equity securities 5,100 5,177 Commercial mortgage and other loans 73 74 Other invested assets 23,307 24,590 Short-term investments 1,250 1,306 Cash and cash equivalents 2,983 2,331 Total $ 202,294 $ 197,679
Separate Account, Liability	The balances of and changes in separate account liabilities are as follows: March 31, 2023 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 40,056 $ 11,428 $ 93,395 $ 23,513 $ 32,930 $ 201,322 Deposits 1,279 51 94 6 667 2,097 Investment performance 174 454 4,627 702 1,938 7,895 Policy charges (21) (3) (594) (42) (262) (922) Surrenders and withdrawals (1,012) (45) (2,285) (2) (178) (3,522) Benefit payments (857) (137) (23) (77) (97) (1,191) Net transfers (to) from general account (168) (14) (11) 0 (67) (260) Other (190) 128 3 561 20 522 Balance, EOP $ 39,261 $ 11,862 $ 95,206 $ 24,661 $ 34,951 205,941 Other businesses(1) (3,647) Total separate account liabilities $ 202,294 Cash surrender value(2) $ 39,261 $ 11,862 $ 93,618 $ 24,542 $ 31,955 $ 201,238 __________ (1) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (2) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments. March 31, 2022 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 42,020 $ 14,064 $ 158,546 $ 27,097 $ 39,789 $ 281,516 Deposits 1,832 326 259 55 611 3,083 Investment performance 637 (906) (9,867) (1,708) (2,209) (14,053) Policy charges (26) (4) (833) (52) (250) (1,165) Surrenders and withdrawals (2,393) (2,708) (3,320) (2) (177) (8,600) Benefit payments (815) (149) (39) (85) (120) (1,208) Net transfers (to) from general account 5 2,839 (167) 18 (154) 2,541 Other 224 28 2 614 27 895 Balance, EOP $ 41,484 $ 13,490 $ 144,581 $ 25,937 $ 37,517 263,009 Other businesses(1) 57,293 Reclassified to "Liabilities held-for-sale"(2) (90,681) Total separate account liabilities $ 229,621 Cash surrender value(3) $ 41,484 $ 13,490 $ 142,391 $ 25,809 $ 34,609 $ 257,783 __________ (1) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (2) Represents "Liabilities held-for-sale" of $61,254 million and $29,427 million in Full Service Retirement (included in “Other businesses”) and Individual Retirement Strategies, respectively. (3) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments.

Liability For Future Policy B_2

Liability For Future Policy Benefits (Tables)	3 Months Ended
Liability For Future Policy Benefits (Tables)	Mar. 31, 2023
Insurance [Abstract]
Future Policy Benefits Reconciliation	The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in millions) Benefit reserves, EOP, post-flooring $ 193,429 $ 219,753 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,385 11,349 Deferred profit liability, EOP, post-flooring 14,814 13,386 Subtotal of amounts disclosed above 221,628 244,488 Other Future Policy Benefits reserves(1) 51,958 53,305 Total Future Policy Benefits $ 273,586 $ 297,793 __________
Liability for Future Policy Benefit, Activity	January 1, 2021 Benefit Reserves(1) Retirement Strategies Individual International Businesses Corporate and Other Other Businesses(2) Total Institutional Term Life Gibraltar Long- (in millions) Balance prior to transition $ 65,383 $ 7,887 $ 51,607 $ 69,542 $ 7,975 $ 6,624 $ 209,018 Changes in cash flow assumptions and other activity (3,805) 0 10 (523) (18) 1 (4,335) Balance after transition, at original discount rate 61,578 7,887 51,617 69,019 7,957 6,625 204,683 Cumulative changes in discount rate assumptions and other activity 13,548 2,662 22,590 13,784 4,905 5,381 62,870 Balance after transition, at current discount rate 75,126 10,549 74,207 82,803 12,862 12,006 267,553 Less: Reinsurance recoverable 0 799 160 307 0 13 1,279 Balance after transition, net of reinsurance recoverable $ 75,126 $ 9,750 $ 74,047 $ 82,496 $ 12,862 $ 11,993 $ 266,274 __________ (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. (2) Primarily represents benefit reserves related to the Prudential of Taiwan business that was sold in the second quarter of 2021. The Company did not choose to apply ASU 2022-05 to this disposal transaction. See Note 2 for additional information. January 1, 2021 Deferred Profit Liability(1) Retirement Strategies International Businesses Other Businesses Total Institutional Life Planner Gibraltar Life and Other (in millions) Balance prior to transition $ 1,315 $ 1,964 $ 3,746 $ 349 $ 7,374 Changes in benefit reserves 3,801 110 730 148 4,789 Balance after transition 5,116 2,074 4,476 497 12,163 Less: Reinsurance recoverable 0 7 15 0 22 Balance after transition, net of reinsurance recoverable $ 5,116 $ 2,067 $ 4,461 $ 497 $ 12,141 __________ (1) Deferred profit liability (“DPL”), excluding amounts for reinsurance recoverable, is included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Additional Insurance Reserves(1) Retirement Strategies Individual Life Other Businesses Total Individual Variable Variable/ Universal Life (in millions) Balance prior to transition $ 889 $ 9,415 $ 483 $ 10,787 Unwinding amounts related to unrealized investment gains and losses (65) (1,444) (106) (1,615) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 824 7,971 377 9,172 Reclassification of future policy benefits AIR to MRB (824) 0 (92) (916) Reclassification of policyholders’ account balances AIR to MRB 0 0 (48) (48) Updates to certain universal life contract liabilities(2) 0 1,772 7 1,779 Change in discount rate for annuitization benefits 0 0 116 116 Balance after transition, excluding amounts related to unrealized investment gains and losses 0 9,743 360 10,103 Amounts related to unrealized investment gains and losses after transition 0 1,186 0 1,186 Balance after transition 0 10,929 360 11,289 Less: Reinsurance recoverable 0 4,387 0 4,387 Balance after transition, net of reinsurance recoverable $ 0 $ 6,542 $ 360 $ 6,902 __________ (1) Additional insurance reserves (“AIR”), excluding amounts for reinsurance recoverable, are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. January 1, 2021 Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability(1) Individual Life Other Businesses Total (in millions) Balance prior to transition $ 1,823 $ 6 $ 1,829 Unwinding amounts related to unrealized investment gains and losses (1,149) 0 (1,149) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 674 6 680 Derecognizing LRR & PFL (674) 0 (674) Balance after transition, excluding amounts related to unrealized investment gains and losses 0 6 6 Amounts related to unrealized investment gains and losses after transition 1,018 0 1,018 Balance after transition $ 1,018 $ 6 $ 1,024 __________ (1) Universal life loss recognition reserves (“LRR”) / profit followed by losses liability (“PFL”) are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Non-Participating Traditional and Limited-Payment Loss Recognition Reserves/Profit Followed by Losses Liability(1) Retirement Strategies International Businesses Corporate and Other Other Businesses Total Institutional Life Planner Gibraltar Life and Other Long- Term Care (in millions) Balance prior to transition $ 1,985 $ 181 $ 670 $ 734 $ 145 $ 3,715 Unwinding amounts related to unrealized investment gains and losses (1,985) (169) (670) (734) (105) (3,663) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 0 12 0 0 40 52 Derecognizing LRR & PFL 0 (12) 0 0 (40) (52) Balance after transition $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) Prior to the adoption of ASU 2018-12, non-participating traditional and limited-payment loss recognition reserves / profit followed by losses liabilities were included in “Future policy benefits”. January 1, 2021 Terminal Dividend Liability(1) Individual Life Closed Block Division Total Variable/ Universal Life Term Life (in millions) Balance prior to transition $ 212 $ 4 $ 375 $ 591 Unwinding amounts related to unrealized investment gains and losses and other activity (11) 0 0 (11) Balance after transition 201 4 375 580 Less: Reinsurance recoverable 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 201 $ 4 $ 375 $ 580 __________ (1) Terminal dividend liability is included in “Future policy benefits”. The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of actual variances from expected experience and other activity 141 (17) (193) (159) 45 (183) Adjusted balance, BOP 67,110 11,837 31,850 30,118 3,080 143,995 Issuances 2,932 143 647 443 0 4,165 Net premiums / considerations collected (3,637) (353) (1,178) (1,079) (77) (6,324) Interest accrual 517 136 230 204 37 1,124 Foreign currency adjustment 1,867 0 (31) (120) 0 1,716 Other adjustments 0 (4) 40 1 0 37 Balance at original discount rate, EOP 68,789 11,759 31,558 29,567 3,040 144,713 Effect of cumulative changes in discount rate assumptions, EOP (13,465) (321) (618) (611) (30) (15,045) Balance, EOP $ 55,324 $ 11,438 $ 30,940 $ 28,956 $ 3,010 $ 129,668 Other businesses, EOP 92 Total balance, EOP $ 129,760 March 31, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of actual variances from expected experience and other activity 98 (24) (167) (154) 53 (194) Adjusted balance, BOP 138,022 20,276 82,191 91,443 11,954 343,886 Issuances 2,932 143 647 443 0 4,165 Interest accrual 1,208 237 663 585 143 2,836 Benefit payments (2,795) (406) (947) (1,152) (60) (5,360) Foreign currency adjustment 1,908 0 (163) (432) 0 1,313 Other adjustments 48 (7) 93 (2) 0 132 Balance at original discount rate, EOP 141,323 20,243 82,484 90,885 12,037 346,972 Effect of cumulative changes in discount rate assumptions, EOP (17,578) (490) 244 (7,214) (738) (25,776) Balance, EOP $ 123,745 $ 19,753 $ 82,728 $ 83,671 $ 11,299 $ 321,196 Other businesses, EOP 1,952 Total balance, EOP $ 323,148 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 68,421 $ 8,315 $ 51,789 $ 54,715 $ 8,288 $ 191,528 Flooring impact, EOP 4 0 26 11 0 41 Balance, EOP, post-flooring 68,425 8,315 51,815 54,726 8,288 191,569 Less: Reinsurance recoverable 0 728 112 222 0 1,062 Balance after reinsurance recoverable, EOP, post-flooring $ 68,425 $ 7,587 $ 51,703 $ 54,504 $ 8,288 $ 190,507 Other businesses, EOP(1) 1,786 Total balance after reinsurance recoverable, EOP $ 192,293 March 31, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of actual variances from expected experience and other activity 59 62 (196) (1) 9 (67) Adjusted balance, BOP 64,436 11,141 35,805 34,575 2,950 148,907 Issuances 733 144 1,020 808 0 2,705 Net premiums / considerations collected (1,611) (322) (1,317) (1,285) (70) (4,605) Interest accrual 408 126 248 229 35 1,046 Foreign currency adjustment (1,789) 0 (652) (860) 0 (3,301) Other adjustments 0 (10) 57 1 0 48 Balance at original discount rate, EOP 62,177 11,079 35,161 33,468 2,915 144,800 Effect of cumulative changes in discount rate assumptions, EOP (2,240) 884 1,742 1,560 339 2,285 Balance, EOP $ 59,937 $ 11,963 $ 36,903 $ 35,028 $ 3,254 $ 147,085 Other businesses, EOP 106 Total balance, EOP $ 147,191 March 31, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of actual variances from expected experience and other activity (14) 79 (222) (2) 9 (150) Adjusted balance, BOP 128,873 18,971 87,786 101,368 11,337 348,335 Issuances 732 144 1,020 808 0 2,705 Interest accrual 1,007 220 690 631 135 2,683 Benefit payments (2,464) (430) (752) (1,042) (57) (4,745) Foreign currency adjustment (1,843) 0 (1,963) (3,005) 0 (6,811) Other adjustments (245) (15) 123 (5) 0 (143) Balance at original discount rate, EOP 126,060 18,890 86,904 98,755 11,415 342,024 Effect of cumulative changes in discount rate assumptions, EOP 780 1,922 12,837 4,806 2,188 22,533 Balance, EOP $ 126,840 $ 20,812 $ 99,741 $ 103,561 $ 13,603 $ 364,557 Other businesses, EOP 2,458 Reclassified to “Liabilities held-for-sale” (254) Total balance, EOP $ 366,761 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,903 $ 8,849 $ 62,837 $ 68,533 $ 10,349 $ 217,471 Flooring impact, EOP 164 6 12 2 0 184 Balance, EOP, post-flooring 67,067 8,855 62,849 68,535 10,349 217,655 Less: Reinsurance recoverable 0 498 150 258 0 906 Balance after reinsurance recoverable, EOP, post-flooring $ 67,067 $ 8,357 $ 62,699 $ 68,277 $ 10,349 $ 216,749 Other businesses, EOP(1) 2,347 Reclassified to “Liabilities held-for-sale” (254) Total balance after reinsurance recoverable, EOP $ 218,842 __________ (1) Reflects balance after reinsurance recoverable of $74 million and $5 million at March 31, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 106,074 $ 23,352 $ 73,474 $ 62,903 $ 6,901 Discounted expected future gross premiums (at original discount rate) $ 74,439 $ 15,526 $ 56,950 $ 49,872 $ 4,507 Discounted expected future gross premiums (at current discount rate) $ 59,863 $ 15,119 $ 56,318 $ 49,016 $ 4,467 Undiscounted expected future benefits and expenses $ 215,874 $ 31,258 $ 147,802 $ 154,197 $ 29,713 Interest accrual $ 691 $ 101 $ 433 $ 381 $ 106 Gross premiums $ 3,892 $ 461 $ 1,867 $ 1,767 $ 114 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 20 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.36 % 5.20 % 3.41 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 5.09 % 5.05 % 2.82 % 2.69 % 5.34 % March 31, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care (in millions) Undiscounted expected future gross premiums $ 92,821 $ 25,246 $ 79,809 $ 70,516 $ 7,177 Discounted expected future gross premiums (at original discount rate) $ 67,418 $ 16,519 $ 62,269 $ 56,128 $ 4,608 Discounted expected future gross premiums (at current discount rate) $ 65,100 $ 17,913 $ 65,801 $ 58,875 $ 5,135 Undiscounted expected future benefits and expenses $ 189,797 $ 29,127 $ 156,307 $ 165,525 $ 29,361 Interest accrual $ 599 $ 94 $ 442 $ 402 $ 100 Gross premiums $ 1,713 $ 473 $ 2,090 $ 2,076 $ 112 Weighted-average duration of the liability in years (at original discount rate) 9 10 21 20 19 Weighted-average duration of the liability in years (at current discount rate) 9 10 22 20 20 Weighted-average interest rate (at original discount rate) 4.17 % 5.23 % 3.39 % 2.46 % 4.90 % Weighted-average interest rate (at current discount rate) 3.65 % 3.54 % 2.04 % 1.96 % 3.88 % The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: March 31, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of actual variances from expected experience and other activity 31 (3) (10) 18 Adjusted balance, BOP 5,563 3,376 5,250 14,189 Profits deferred 164 451 373 988 Interest accrual 57 35 39 131 Amortization (141) (288) (257) (686) Foreign currency adjustment 7 8 (18) (3) Other adjustments 0 10 0 10 Balance, EOP, pre-flooring 5,650 3,592 5,387 14,629 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,650 3,592 5,388 14,630 Less: Reinsurance recoverable 0 9 11 20 Balance after reinsurance recoverable $ 5,650 $ 3,583 $ 5,377 14,610 Other businesses 185 Total balance after reinsurance recoverable $ 14,795 March 31, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of actual variances from expected experience and other activity 70 (9) (5) 56 Adjusted balance, BOP 5,253 2,732 5,008 12,993 Profits deferred 13 465 423 901 Interest accrual 50 30 35 115 Amortization (132) (286) (267) (685) Foreign currency adjustment (8) (15) (122) (145) Other adjustments (1) 9 0 8 Balance, EOP, pre-flooring 5,175 2,935 5,077 13,187 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,175 2,935 5,078 13,188 Less: Reinsurance recoverable 0 8 15 23 Balance after reinsurance recoverable $ 5,175 $ 2,927 $ 5,063 13,165 Other businesses 224 Reclassified to “Liabilities held-for-sale” (25) Total balance after reinsurance recoverable $ 13,364 The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (111) $ (205) $ (145) Interest accrual $ 57 $ 35 $ 39 March 31, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ 1 $ (210) $ (187) Interest accrual $ 50 $ 30 $ 35 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: March 31, 2023 March 31, 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of actual variances from expected experience and other activity (33) (42) Adjusted balance, BOP 13,936 10,757 Assessments collected(1) 270 239 Interest accrual 118 92 Benefits paid (74) (67) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,250 11,021 Flooring impact and amounts in AOCI (1,016) 129 Balance, including amounts in AOCI, EOP, post-flooring 13,234 11,150 Less: Reinsurance recoverable 5,338 4,346 Balance after reinsurance recoverable, including amounts in AOCI, EOP 7,896 6,804 Other businesses 151 199 Total balance after reinsurance recoverable $ 8,047 $ 7,003 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in millions) Interest accrual $ 118 $ 92 Gross assessments $ 827 $ 658 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Liabilities established as a result of the required loss recognition testing as of the period indicated are as follows: Retirement Strategies Institutional March 31, 2023 March 31, 2022 (in millions) Loss recognition liability $ 3 $ 4 The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Three Months Ended March 31, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,892 $ 461 $ 0 $ 1,867 $ 1,767 $ 142 $ 8,129 Additional insurance reserves 0 0 827 0 0 0 827 Deferred profit liability (111) 0 0 (205) (145) (2) (463) Total $ 3,781 $ 461 $ 827 $ 1,662 $ 1,622 $ 140 $ 8,493 Three Months Ended March 31, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,713 $ 473 $ 0 $ 2,090 $ 2,076 $ 149 $ 6,501 Additional insurance reserves 0 0 658 0 0 0 658 Deferred profit liability 1 0 0 (210) (187) 4 (392) Total $ 1,714 $ 473 $ 658 $ 1,880 $ 1,889 $ 153 $ 6,767 Three Months Ended March 31, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 691 $ 101 $ 0 $ 433 $ 381 $ 120 $ 1,726 Additional insurance reserves 0 0 118 0 0 0 118 Deferred profit liability 57 0 0 35 39 1 132 Total $ 748 $ 101 $ 118 $ 468 $ 420 $ 121 $ 1,976 Three Months Ended March 31, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 599 $ 94 $ 0 $ 442 $ 402 $ 113 $ 1,650 Additional insurance reserves 0 0 92 1 0 0 93 Deferred profit liability 50 0 0 30 35 2 117 Total $ 649 $ 94 $ 92 $ 473 $ 437 $ 115 $ 1,860 __________ (1) Represents "Gross Premiums" for benefit reserves, "Gross Assessments" for additional insurance reserves and "Revenue" for deferred profit liability. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above.

Policyholders' Account Balanc_2

Policyholders' Account Balances (Tables)	3 Months Ended
Policyholders' Account Balances (Tables)	Mar. 31, 2023
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Policyholder Account Balance	The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other (in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 204 1,376 1,043 582 617 645 1,287 5,754 Interest credited 44 160 87 20 199 177 172 859 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (83) (6) (6) 0 (514) (77) (40) (726) Surrenders and withdrawals (453) (1,371) (148) (88) (439) (51) (275) (2,825) Benefit payments 0 (139) (28) (32) (46) (75) (440) (760) Net transfers (to) from separate account 0 0 19 0 77 0 0 96 Change in market value and other adjustments 0 0 191 9 91 6 2 299 Foreign currency adjustment 0 0 0 0 0 (76) (143) (219) Balance, end of period 5,551 17,396 18,682 5,134 26,487 11,717 35,888 120,855 Reinsurance and other recoverable(1) 0 0 0 0 11 1 22 34 Policyholders' account balance net of reinsurance and other recoverable $ 5,551 $ 17,396 $ 18,682 $ 5,134 $ 26,476 $ 11,716 $ 35,866 $ 120,821 Closed Block Division 4,572 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,772 Other(2) 7,940 Total Policyholders' account balance $ 138,139 Weighted-average crediting rate 3.09 % 3.69 % 1.92 % 1.63 % 3.00 % 6.19 % 1.93 % 2.87 % Net amount at risk(3) $ 72,259 $ 0 $ 0 $ 0 $ 370,778 $ 18,055 $ 6,971 $ 468,063 Cash surrender value(4) $ 3,984 $ 17,396 $ 16,640 $ 4,045 $ 21,846 $ 10,100 $ 31,233 $ 105,244 March 31, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Corporate and Other Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other Full Service (in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 36,505 $ 153,975 Deposits 261 1,001 1,190 201 663 205 410 1,722 5,656 Interest credited 36 135 14 5 203 24 126 265 805 Acquisitions and dispositions 0 0 0 0 0 0 0 0 0 Policy charges (78) (6) (1) (1) (506) (51) (26) (58) (727) Surrenders and withdrawals (378) (1,161) (90) (79) (421) (50) (447) (1,759) (4,385) Benefit payments 0 (138) (37) (50) (52) (67) (465) 0 (809) Net transfers (to) from separate account (18) 0 170 0 166 0 0 103 421 Change in market value and other adjustments 0 0 (106) 0 (185) 4 (2) (797) (1,086) Foreign currency adjustment 0 0 0 0 0 (507) (305) 0 (812) Balance, end of period 6,096 16,222 15,265 4,728 26,727 11,113 36,906 35,981 153,038 Reinsurance and other recoverable(1) 0 0 0 0 12 1 25 0 38 Policyholders' account balance net of reinsurance and other recoverable $ 6,096 $ 16,222 $ 15,265 $ 4,728 $ 26,715 $ 11,112 $ 36,881 $ 35,981 $ 153,000 Closed Block Division 4,697 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,069 Other 181 Reclassified to "Liabilities held-for-sale"(5) (39,295) Total Policyholders' account balance $ 122,690 Weighted-average crediting rate 2.30 % 3.30 % 0.38 % 0.43 % 3.03 % 0.85 % 1.35 % 2.92 % 2.11 % Net amount at risk(3) $ 71,021 $ 0 $ 0 $ 0 $ 481,904 $ 15,352 $ 8,019 $ 0 $ 576,296 Cash surrender value(4) $ 3,704 $ 16,222 $ 14,553 $ 3,085 $ 32,089 $ 9,972 $ 34,497 $ 35,981 $ 150,103 ____________ (1) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (2) Includes $7,973 million of Full Service account balances reinsured to Great-West. See Note 1 for further information. (3) The net amount at risk calculation includes both general account and separate account balances. (4) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment. (5) Represents “Liabilities held-for-sale” of $(11,663) million and $(27,632) million related to the sale of PALAC and Full Service Retirement Business, respectively.
Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,441 $ 1,441 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 56 0 0 0 56 3.00% - 4.00% 1,634 0 0 0 1,634 Greater than 4.00% 3 0 0 0 3 Total $ 1,693 $ 0 $ 0 $ 1,441 $ 3,134 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,551 0 0 0 1,551 2.00% - 2.99% 583 0 0 0 583 3.00% - 4.00% 5,628 0 0 0 5,628 Greater than 4.00% 1,519 0 0 0 1,519 Total $ 9,681 $ 0 $ 0 $ 0 $ 9,681 Individual Variable Less than 1.00% $ 1,005 $ 848 $ 19 $ 0 $ 1,872 1.00% - 1.99% 239 2 1 0 242 2.00% - 2.99% 32 2 0 0 34 3.00% - 4.00% 2,209 9 10 0 2,228 Greater than 4.00% 104 0 0 0 104 Total $ 3,589 $ 861 $ 30 $ 0 $ 4,480 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 585 128 253 84 1,050 2.00% - 2.99% 496 211 27 11 745 3.00% - 4.00% 371 6 0 0 377 Greater than 4.00% 101 0 0 0 101 Total $ 1,553 $ 345 $ 280 $ 95 $ 2,273 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 11 $ 11 1.00% - 1.99% 150 0 1,073 1,949 3,172 2.00% - 2.99% 374 123 4,019 280 4,796 3.00% - 4.00% 7,565 1,918 561 7 10,051 Greater than 4.00% 5,549 0 0 0 5,549 Total $ 13,638 $ 2,041 $ 5,653 $ 2,247 $ 23,579 Life Planner Less than 1.00% $ 357 $ 27 $ 91 $ 831 $ 1,306 1.00% - 1.99% 3,156 25 0 0 3,181 2.00% - 2.99% 2,259 0 0 0 2,259 3.00% - 4.00% 339 0 0 0 339 Greater than 4.00% 407 0 0 0 407 Total $ 6,518 $ 52 $ 91 $ 831 $ 7,492 Gibraltar Less than 1.00% $ 17,023 $ 0 $ 0 $ 0 $ 17,023 1.00% - 1.99% 9,870 0 0 0 9,870 2.00% - 2.99% 3,253 335 40 0 3,628 3.00% - 4.00% 3,201 0 0 0 3,201 Greater than 4.00% 1,904 0 0 0 1,904 Total $ 35,251 $ 335 $ 40 $ 0 $ 35,626 March 31, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,900 $ 1,900 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,672 0 0 0 1,672 Greater than 4.00% 4 0 0 0 4 Total $ 1,738 $ 0 $ 0 $ 1,900 $ 3,638 Institutional Less than 1.00% $ 400 $ 0 $ 0 $ 0 $ 400 1.00% - 1.99% 1,571 0 0 0 1,571 2.00% - 2.99% 1,244 0 0 0 1,244 3.00% - 4.00% 4,618 0 0 0 4,618 Greater than 4.00% 1,031 0 0 0 1,031 Total $ 8,864 $ 0 $ 0 $ 0 $ 8,864 Individual Variable Less than 1.00% $ 1,414 $ 885 $ 19 $ 0 $ 2,318 1.00% - 1.99% 261 2 1 0 264 2.00% - 2.99% 111 0 1 0 112 3.00% - 4.00% 3,131 6 10 0 3,147 Greater than 4.00% 114 0 0 0 114 Total $ 5,031 $ 893 $ 31 $ 0 $ 5,955 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 656 56 90 5 807 2.00% - 2.99% 584 0 0 0 584 3.00% - 4.00% 416 2 0 0 418 Greater than 4.00% 112 0 0 0 112 Total $ 1,768 $ 58 $ 90 $ 5 $ 1,921 Variable & Universal Life Less than 1.00% $ 17 $ 0 $ 0 $ 0 $ 17 1.00% - 1.99% 361 0 650 1,981 2,992 2.00% - 2.99% 405 0 2,223 2,127 4,755 3.00% - 4.00% 7,916 12 2,510 156 10,594 Greater than 4.00% 5,595 0 0 0 5,595 Total $ 14,294 $ 12 $ 5,383 $ 4,264 $ 23,953 Life Planner Less than 1.00% $ 390 $ 28 $ 98 $ 6 $ 522 1.00% - 1.99% 3,420 23 0 0 3,443 2.00% - 2.99% 2,494 0 0 0 2,494 3.00% - 4.00% 314 0 0 0 314 Greater than 4.00% 424 0 0 0 424 Total $ 7,042 $ 51 $ 98 $ 6 $ 7,197 Gibraltar Less than 1.00% $ 20,729 $ 0 $ 0 $ 0 $ 20,729 1.00% - 1.99% 11,255 0 0 0 11,255 2.00% - 2.99% 3,414 419 0 0 3,833 3.00% - 4.00% 439 0 0 0 439 Greater than 4.00% 280 0 0 0 280 Total $ 36,117 $ 419 $ 0 $ 0 $ 36,536 Full Service Less than 1.00% $ 428 $ 0 $ 0 $ 0 $ 428 1.00% - 1.99% 13,582 13,307 1,998 0 28,887 2.00% - 2.99% 6 0 29 0 35 3.00% - 4.00% 6,615 0 0 0 6,615 Greater than 4.00% 16 0 0 0 16 Total $ 20,647 $ 13,307 $ 2,027 $ 0 $ 35,981 ____________ (1) Excludes Japan variable annuity and variable life, and any other contracts without minimum guaranteed rates. In addition, excludes the account values related to index-linked crediting options which do not have a minimum guaranteed crediting rate as returns are based on index.

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	3 Months Ended
Market Risk Benefits (Tables)	Mar. 31, 2023
Insurance [Abstract]
Market Risk Benefits In Asset and Liability Positions	January 1, 2021 Market Risk Benefits(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Liability for guaranteed benefits recorded at fair value, prior to transition $ 18,731 $ 148 $ 18,879 AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses 824 140 964 Total liability prior to transition 19,555 288 19,843 Change in reserve basis to MRB framework 122 98 220 MRB after transition, at current NPR value 19,677 386 20,063 Less: Reinsured MRB 204 7 211 MRB after transition, net of reinsurance 19,473 379 19,852 MRB after transition, at contract inception NPR value 21,259 392 21,651 Cumulative change in NPR 1,582 6 1,588 MRB after transition, at current NPR value $ 19,677 $ 386 $ 20,063 __________ (1) For additional information regarding market risk benefits, see Note 11. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 March 31, 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 300 403 Claims paid (32) (18) Interest accrual 85 9 Actual in force different from expected 19 29 Effect of changes in interest rates 463 (3,258) Effect of changes in equity markets (671) 1,150 Other adjustments 78 0 Balance, EOP, before effect of changes in NPR 7,057 12,605 Effect of cumulative changes in NPR (2,014) (1,988) Balance, EOP 5,043 10,617 Less: Reinsured MRB 28 68 Balance, EOP, net of reinsurance 5,015 10,549 Other businesses 105 218 Reclassified to “Assets and Liabilities held-for-sale”(1) 0 (3,608) Total net MRB balance $ 5,120 $ 7,159 ___________ (1) Represents “Assets held-for-sale” of $100 million in Individual Retirement Strategies and “Liabilities held-for-sale” of $3,640 million in Individual Retirement Strategies and $68 million in Full Service Retirement (in Other businesses) as of March 31, 2022. The following table presents accompanying information to the rollforward table above. March 31, 2023 March 31, 2022 ($ in millions) Net amount at risk $ 11,332 $ 8,056 Weighted-average attained age of contractholders 69 67 The tables below reconcile MRB asset and liability positions as of the following dates: March 31, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 962 $ 14 $ 976 MRB Liabilities 5,978 118 6,096 Net Liability $ 5,016 $ 104 $ 5,120 March 31, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets(1) $ 905 $ 15 $ 920 MRB Liabilities(2) 7,914 165 8,079 Net Liability $ 7,009 $ 150 $ 7,159 ___________ (1) Excludes "Assets held-for-sale" of $100 million, as described above. (2) Excludes "Liabilities held-for-sale" of $3,708 million, as described above.

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
Reinsurance (Tables)	Mar. 31, 2023
Insurance [Abstract]
Reinsurance Amounts Included in Statement of Operations	Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fee income, market risk benefits, policyholders’ benefits, and change in estimates of liability for future policy benefits, are as follows: Three Months Ended March 31, 2023 2022 (in millions) Direct premiums $ 8,750 $ 7,240 Reinsurance assumed 1,178 1,026 Reinsurance ceded (565) (577) Premiums $ 9,363 $ 7,689 Direct policy charges and fee income $ 966 $ 1,129 Reinsurance assumed 308 300 Reinsurance ceded (140) (130) Policy charges and fee income $ 1,134 $ 1,299 Direct change in value of market risk benefits, net of related hedging gains (losses) $ 80 $ (242) Reinsurance assumed 0 23 Reinsurance ceded (5) (51) Change in value of market risk benefits, net of related hedging gains (losses) $ 75 $ (270) Direct policyholders’ benefits $ 9,594 $ 8,080 Reinsurance assumed 1,565 1,485 Reinsurance ceded (855) (790) Policyholders’ benefits $ 10,304 $ 8,775 Direct change in estimates of liability for future policy benefits $ (24) $ (118) Reinsurance assumed 4 (18) Reinsurance ceded 45 (9) Change in estimates of liability for future policy benefits $ 25 $ (145)
Reinsurance Retention	Reinsurance recoverables, are as follows: March 31, 2023 December 31, 2022 (in millions) Individual and group annuities(1) $ 2,137 $ 2,078 Life insurance(2) 8,247 7,981 Other reinsurance 415 358 Total reinsurance recoverables(3) $ 10,799 $ 10,417 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance agreement with FLIAC in which the Company assumed all of FLIAC’s indexed variable annuities of $2,076 million and $1,986 million as of March 31, 2023 and December 31, 2022, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $2,073 million and $2,041 million as of March 31, 2023 and December 31, 2022, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,350 million and $1,327 million as of March 31, 2023 and December 31, 2022, respectively. (3) Net of $(16) million and $(15) million of loss allowance as of March 31, 2023 and December 31, 2022, respectively.

Closed Block (Tables)

Closed Block (Tables)	3 Months Ended
Closed Block (Tables)	Mar. 31, 2023
Closed Block Disclosure [Abstract]
Schedule of Closed Block Liabilities and Assets	Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: March 31, December 31, (in millions) Closed Block liabilities Future policy benefits $ 44,119 $ 44,414 Policyholders’ dividends payable 629 617 Policyholders’ dividend obligation 770 0 Policyholders’ account balances 4,572 4,607 Other Closed Block liabilities 3,364 3,499 Total Closed Block liabilities 53,454 53,137 Closed Block assets Fixed maturities, available-for-sale, at fair value 30,716 29,898 Fixed maturities, trading, at fair value 868 900 Equity securities, at fair value 1,843 1,733 Commercial mortgage and other loans 7,781 7,926 Policy loans 3,586 3,637 Other invested assets 4,828 4,254 Short-term investments 331 337 Total investments 49,953 48,685 Cash and cash equivalents 484 1,307 Accrued investment income 430 402 Other Closed Block assets 127 162 Total Closed Block assets 50,994 50,556 Excess of reported Closed Block liabilities over Closed Block assets 2,460 2,581 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (2,570) (3,458) Allocated to policyholder dividend obligation 2,412 3,207 Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,302 $ 2,330
Schedule of Closed Block Dividend Obligation	Information regarding the policyholder dividend obligation is as follows: Three Months Ended (in millions) Balance, December 31, 2022 $ 0 Impact from earnings allocable to policyholder dividend obligation (25) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 795 Balance, March 31, 2023 $ 770
Schedule of Closed Block Revenues Benefits Expenses	Closed Block revenues and benefits and expenses are as follows for the periods indicated: Three Months Ended 2023 2022 (in millions) Revenues Premiums $ 406 $ 408 Net investment income 479 556 Realized investment gains (losses), net (17) 100 Other income (loss) 100 (98) Total Closed Block revenues 968 966 Benefits and Expenses Policyholders’ benefits 572 624 Interest credited to policyholders’ account balances 30 30 Dividends to policyholders 302 211 General and administrative expenses 73 73 Total Closed Block benefits and expenses 977 938 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (9) 28 Income tax expense (benefit) (32) 1 Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 23 $ 27

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	3 Months Ended
Short-Term and Long-Term Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Short-term Debt	The table below presents the Company’s short-term debt as of the dates indicated: March 31, 2023 December 31, 2022 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 409 413 Subtotal commercial paper 434 438 Current portion of long-term debt: Senior Notes 173 173 Mortgage debt 82 155 Surplus notes subject to set-off arrangements(1) 500 500 Subtotal current portion of long-term debt 755 828 Other(2) 16 9 Subtotal 1,205 1,275 Less: assets under set-off arrangements(1) 500 500 Total short-term debt(3) $ 705 $ 775 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 100 $ 130 Daily average commercial paper outstanding for the quarter ended $ 963 $ 1,312 Weighted average maturity of outstanding commercial paper, in days 66 98 Weighted average interest rate on outstanding commercial paper 5.02 % 4.69 % _________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in short-term debt. (2) Includes $16 million and $9 million drawn on a revolving line of credit held by a subsidiary at March 31, 2023 and December 31, 2022, respectively. (3) Includes Prudential Financial debt of $25 million at both March 31, 2023 and December 31, 2022.
Schedule of Long-term Debt	The table below presents the Company’s long-term debt as of the dates indicated: March 31, 2023 December 31, 2022 (in millions) Fixed-rate obligations: Surplus notes $ 345 $ 345 Surplus notes subject to set-off arrangements(1) 9,460 9,460 Senior notes 10,114 10,115 Mortgage debt 25 25 Floating-rate obligations: Line of credit 300 300 Surplus notes subject to set-off arrangements(1) 2,330 2,330 Mortgage debt(2) 76 29 Junior subordinated notes(3) 9,591 9,094 Subtotal 32,241 31,698 Less: assets under set-off arrangements(1) 11,790 11,790 Total long-term debt(4) $ 20,451 $ 19,908 __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in long-term debt. (2) Includes $29 million of debt denominated in foreign currency at both March 31, 2023 and December 31, 2022. (3) Includes Prudential Financial debt of $9,544 million and $9,047 million at March 31, 2023 and December 31, 2022, respectively. Also includes subsidiary debt of $47 million denominated in foreign currency at both March 31, 2023 and December 31, 2022, respectively. (4) Includes Prudential Financial debt of $19,658 million and $19,162 million at March 31, 2023 and December 31, 2022, respectively.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
Employee Benefit Plans (Tables)	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	Net periodic (benefit) cost included in “General and administrative expenses” includes the following components: Three Months Ended March 31, Pension Benefits Other Postretirement Benefits 2023 2022 2023 2022 (in millions) Components of net periodic (benefit) cost: Service cost $ 51 $ 80 $ 2 $ 4 Interest cost 138 97 18 12 Expected return on plan assets (231) (213) (21) (27) Amortization of prior service cost 0 0 (2) (2) Amortization of actuarial (gain) loss, net 17 51 3 1 Settlements 0 1 0 0 Special termination benefits (1) 0 1 0 0 Net periodic (benefit) cost $ (25) $ 17 $ 0 $ (12) __________ (1) 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.

Equity (Tables)

Equity (Tables)	3 Months Ended
Equity (Tables)	Mar. 31, 2023
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, 2022 666.3 300.3 366.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 2.7 (2.7) Stock-based compensation programs(1) 0.0 (2.6) 2.6 Balance, March 31, 2023 666.3 300.4 365.9 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.
Dividends Declared	Dividends declared per share of Common Stock are as follows for the periods indicated: Three Months Ended 2023 2022 Dividends declared per share of Common Stock $ 1.25 $ 1.20
Components of Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2023 and 2022, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2022 $ (2,274) $ (16,195) $ 15,242 $ 1,448 $ (2,027) $ (3,806) Change in OCI before reclassifications 12 8,243 (8,705) 186 1 (263) Amounts reclassified from AOCI 0 136 0 0 18 154 Income tax benefit (expense) (38) (1,988) 2,160 (39) (5) 90 Balance, March 31, 2023 $ (2,300) $ (9,804) $ 8,697 $ 1,595 $ (2,013) $ (3,825) Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2021 $ (1,107) $ 26,639 $ (33,220) $ 707 $ (2,513) $ (9,494) Change in OCI before reclassifications (398) (23,095) 23,589 1,107 15 1,218 Amounts reclassified from AOCI 10 262 0 0 50 322 Income tax benefit (expense) (36) 5,230 (5,545) (232) (16) (599) Balance, March 31, 2022 $ (1,531) $ 9,036 $ (15,176) $ 1,582 $ (2,464) $ (8,553) __________ (1) Includes cash flow hedges of $2,344 million and $2,616 million as of March 31, 2023 and December 31, 2022, respectively, and $1,155 million and $1,019 million as of March 31, 2022 and December 31, 2021, respectively, and fair value hedges of $(74) million and $(54) million as of March 31, 2023 and December 31, 2022, respectively, and $(24) million and $(35) million as of March 31, 2022 and December 31, 2021, respectively.
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Affected line item in Consolidated Statements of Operations 2023 2022 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ 0 $ (10) Realized investment gains (losses), net Net unrealized investment gains (losses): Cash flow hedges—Interest rate (23) (4) (3) Cash flow hedges—Currency 5 1 (3) Cash flow hedges—Currency/Interest rate 39 154 (3) Fair value hedges—Currency (2) (2) (3) Net unrealized investment gains (losses) on available-for-sale securities (155) (411) Realized investment gains (losses), net Total net unrealized investment gains (losses) (136) (262) (4) Amortization of defined benefit items: Prior service cost 2 2 (5) Actuarial gain (loss) (20) (52) (5) Total amortization of defined benefit items (18) (50) Total reclassifications for the period $ (154) $ (322) __________ (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 16 for information regarding employee benefit plans.
Net Unrealized Investment Gains (Losses) on AFS Fixed Maturity Securities with Allowance for Credit losses and All Other Investments AOCI Rollforward	The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an allowance for credit losses has been recorded, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recorded Net Unrealized Reinsurance Recoverables Future Policy Policyholders’ Income Tax Benefit (Expense) Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2022 $ (45) $ (24,959) $ (703) $ 1,946 $ 3,194 $ 4,372 $ (16,195) Net investment gains (losses) on investments arising during the period 41 9,292 (2,181) 7,152 Reclassification adjustment for (gains) losses included in net income (15) 151 (32) 104 Reclassification due to allowance for credit losses recorded during the period (60) 60 0 0 Impact of net unrealized investment (gains) losses 132 (425) (797) 225 (865) Balance, March 31, 2023 $ (79) $ (15,456) $ (571) $ 1,521 $ 2,397 $ 2,384 $ (9,804) __________ (1) Includes cash flow and fair value hedges. See Note 5 for additional information.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2023
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 periods indicated is as follows: Three Months Ended March 31, 2023 2022 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,477 $ (506) Less: Income (loss) attributable to noncontrolling interests 15 (13) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 18 7 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,444 366.5 $ 3.94 $ (500) 376.1 $ (1.33) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 18 $ 7 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 18 7 Stock options 0.2 0.0 Deferred and long-term compensation programs 1.0 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,444 367.7 $ 3.93 $ (500) 376.1 $ (1.33) __________ (1) For the three months ended March 31, 2022, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the three months ended March 31, 2022, all potential stock options and compensation programs were considered antidilutive.
Earnings Per Share Computation	For the periods indicated, 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: Three Months Ended March 31, 2023 2022 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.2 $ 103.16 $ 0.0 $ 0.00 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.7 Antidilutive shares based on application of the treasury stock method 0.1 0.1 Antidilutive shares due to net loss available to holders of Common Stock 0.0 2.3 Total antidilutive stock options and shares 1.3 3.1

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The table below reconciles “Adjusted operating income before income taxes” to “Income (loss) before income taxes and equity in earnings of operating joint ventures”: Three Months Ended 2023 2022 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 151 $ 188 U.S. Businesses: Institutional Retirement Strategies 396 515 Individual Retirement Strategies 441 431 Retirement Strategies(1) 837 946 Group Insurance 25 (115) Individual Life(1) (102) (18) Total U.S. Businesses 760 813 International Businesses 840 951 Corporate and Other (485) (416) Total segment adjusted operating income before income taxes 1,266 1,536 Reconciling items: Realized investment gains (losses), net, and related adjustments 318 (1,637) Charges related to realized investment gains (losses), net 51 (84) Change in value of market risk benefits, net of related hedging gains (losses) 75 (304) Market experience updates 48 121 Divested and Run-off Businesses: Closed Block division (4) 27 Other Divested and Run-off Businesses 107 (271) Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (5) (29) Other adjustments(2) (9) (17) Income (loss) before income taxes and equity in earnings of operating joint ventures per Unaudited Interim Consolidated Financial Statements $ 1,847 $ (658) ________ (1) The Retirement Strategies and Individual Life segments’ 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 components of consideration for business acquisitions, which are recognized as compensation expense over the requisite service period.
Reconciliation of Certain Financial Information from Segments to Consolidated	The tables below present certain financial information for the Company’s segments and its Corporate and Other operations, including assets by segment and revenues by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Unaudited Interim Consolidated Financial Statements. March 31, December 31, (in millions) Assets by segment: PGIM $ 47,953 $ 48,364 U.S. Businesses: Institutional Retirement Strategies 111,333 108,565 Individual Retirement Strategies 135,935 130,173 Retirement Strategies 247,268 238,738 Group Insurance 39,315 38,201 Individual Life 107,229 102,445 Total U.S. Businesses 393,812 379,384 International Businesses 192,979 186,791 Corporate and Other 23,142 23,556 Closed Block division 51,383 50,934 Total assets per Unaudited Interim Consolidated Financial Statements $ 709,269 $ 689,029 Three Months Ended March 31, 2023 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 $ 898 $ 80 $ 747 $ 0 $ 0 $ 0 $ 27 $ 1 U.S. Businesses: Institutional Retirement Strategies 4,889 1,004 4,493 4,350 125 0 10 4 Individual Retirement Strategies 1,095 318 654 33 115 0 14 93 Retirement Strategies 5,984 1,322 5,147 4,383 240 0 24 97 Group Insurance 1,564 126 1,539 1,218 44 0 4 1 Individual Life 1,527 669 1,629 824 223 9 223 114 Total U.S. Businesses 9,075 2,117 8,315 6,425 507 9 251 212 International Businesses 5,015 1,285 4,175 3,152 215 7 11 151 Corporate and Other(1) 116 189 601 (5) 34 0 152 (9) Total revenues, and benefits and expenses on an adjusted operating income basis 15,104 3,671 13,838 9,572 756 16 441 355 Reconciling items: Realized investment gains (losses), net, and related adjustments 475 (5) 157 25 132 0 0 0 Charges related to realized investment gains (losses), net 37 0 (14) (57) 12 0 0 7 Change in value of market risk benefits, net of related hedging gains (losses) 75 0 0 0 0 0 0 0 Market experience updates 24 0 (24) 4 0 0 0 0 Divested and Run-off Businesses: Closed Block division 971 481 975 573 30 302 1 3 Other Divested and Run-off Businesses 378 173 271 187 51 1 (1) 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (19) 0 (14) 0 0 0 0 0 Other adjustments 0 0 9 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 17,045 $ 4,320 $ 15,198 $ 10,304 $ 981 $ 319 $ 441 $ 365 ________ (1) Corporate and Other operations, through AIQ and Prudential Advisors, generates fee revenues from the sale and distribution of certain insurance, annuity and investment products offered by Prudential and third-parties. Three Months Ended March 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 $ 926 $ (4) $ 738 $ 0 $ 0 $ 0 $ 6 $ 1 U.S. Businesses: Institutional Retirement Strategies 2,747 968 2,232 2,178 80 0 4 3 Individual Retirement Strategies 1,097 262 666 65 78 0 4 95 Retirement Strategies 3,844 1,230 2,898 2,243 158 0 8 98 Group Insurance 1,539 124 1,654 1,353 36 0 1 (2) Individual Life 1,558 644 1,576 865 227 9 189 111 Total U.S. Businesses 6,941 1,998 6,128 4,461 421 9 198 207 International Businesses 5,478 1,297 4,527 3,485 190 15 3 155 Corporate and Other (43) 122 373 (7) 34 0 157 (10) Total revenues, and benefits and expenses on an adjusted operating income basis 13,302 3,413 11,766 7,939 645 24 364 353 Reconciling items: Realized investment gains (losses), net, and related adjustments (1,648) (10) (11) 29 (40) 0 0 0 Charges related to realized investment gains (losses), net (22) 0 62 20 19 0 0 14 Change in value of market risk benefits, net of related hedging gains (losses) (304) 0 0 0 0 0 0 0 Market experience updates 41 0 (80) 8 0 0 0 0 Divested and Run-off Businesses: Closed Block division 965 554 938 624 30 211 0 3 Other Divested and Run-off Businesses (462) 401 (191) 155 (594) 0 1 1 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (17) 0 12 0 0 0 0 0 Other adjustments 0 0 17 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 11,855 $ 4,358 $ 12,513 $ 8,775 $ 60 $ 235 $ 365 $ 371
Schedule of Intersegment Revenues	The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, as follows: Three Months Ended 2023 2022 (in millions) PGIM segment intersegment revenues $ 205 $ 232
Schedule of Asset Management and Service Fees	The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: Three Months Ended March 31, 2023 2022 (in millions) Asset-based management fees $ 789 $ 981 Performance-based incentive fees 3 4 Other fees 125 148 Total asset management and service fees $ 917 $ 1,133

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	3 Months Ended
Commitments and Contingent Liabilities (Tables)	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Mortgage Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 8,727 15.5 % $ 9,096 16.2 % Retail 6,108 10.8 6,103 10.8 Apartments/Multi-Family 15,386 27.3 15,381 27.3 Industrial 13,494 23.9 13,079 23.2 Hospitality 2,012 3.6 2,027 3.6 Other 3,790 6.7 3,791 6.7 Total commercial mortgage loans 49,517 87.8 49,477 87.8 Agricultural property loans 6,881 12.2 6,857 12.2 Total commercial mortgage and agricultural property loans 56,398 100.0 % 56,334 100.0 % Allowance for credit losses (220) (201) Total net commercial mortgage and agricultural property loans 56,178 56,133 Other loans: Uncollateralized loans 454 463 Residential property loans 39 43 Other collateralized loans 108 108 Total other loans 601 614 Allowance for credit losses (1) (2) Total net other loans 600 612 Total net commercial mortgage and other loans(1) $ 56,778 $ 56,745 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of March 31, 2023 and December 31, 2022, the net carrying value of these loans were $257 million and $137 million, respectively. Commercial Mortgage Loan Commitments March 31, December 31, (in millions) Total outstanding mortgage loan commitments $ 2,169 $ 1,995 Portion of commitment where prearrangement to sell to investor exists $ 721 $ 582 Indemnification of Serviced Mortgage Loans March 31, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,974 $ 2,972 First-loss exposure portion of above $ 862 $ 862 Accrued liability associated with guarantees(1) $ 31 $ 33 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $16 million and $17 million as of March 31, 2023 and December 31, 2022, respectively. The change in allowance is a reduction of $1 million and $3 million for the three months ended March 31, 2023, and 2022, respectively.
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)	Commitments to Purchase Investments (excluding Commercial Mortgage Loans) March 31, December 31, (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 8,932 $ 8,376 Expected to be funded from separate accounts $ 188 $ 183
Indemnification of Securities Lending and Securities Repurchase Transactions	Indemnification of Securities Lending and Securities Repurchase Transactions March 31, December 31, (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 6,692 $ 5,834 Fair value of related collateral associated with above indemnifications(1) $ 6,849 $ 5,985 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) There were no securities repurchase transactions as of March 31, 2023 and December 31, 2022.
Guarantees	Guarantees of Asset Values March 31, December 31, (in millions) Guaranteed value of third-parties’ assets $ 83,379 $ 84,338 Fair value of collateral supporting these assets $ 76,715 $ 77,693 Asset (liability) associated with guarantee, carried at fair value $ 1 $ 1 Other Guarantees March 31, December 31, (in millions) Other guarantees where amount can be determined $ 57 $ 57 Accrued liability for other guarantees and indemnifications $ 33 $ 33

Business and Basic Presentation

Business and Basic Presentation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022		Dec. 31, 2022		Jun. 30, 2022	Apr. 01, 2022	Jan. 01, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other income	$ 1,019	$ (1,310)	[1]
General and administrative expenses	3,204	3,217	[2]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,847	(658)
Retained earnings	$ 32,708			$ 31,714	[3]
Retained Earnings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained earnings								$ 28,137
Effect of Change
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other income		61
General and administrative expenses		6
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		(543)
Retained earnings				(1,678)
Effect of Change \| Accounting Standards Update 2018-02
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained earnings								$ 402
Held-for-sale \| PALAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash considerations for sale of a business						$ 1,448
Held-for-sale \| PALAC \| Individual Variable
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
Held-for-sale \| Retirement Full Service
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net pre-tax gain on sale				650
Other income				850
Realized investment gains (losses), net				(150)
General and administrative expenses				50
Deferred reinsurance gain				$ 400
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		$ 218

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_2

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement for Financial Position) (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022		Dec. 31, 2021	[4]	Jan. 01, 2021	Dec. 31, 2020
Assets:
Deferred policy acquisition costs		$ 20,741	$ 20,546	[1]	$ 19,868				$ 20,763
Value of business acquired		601	621	[1]	723				1,163
Income tax assets			0
Market risk benefit assets		976	800	[1]	920
Other assets	[2]	32,061	31,679	[1]
Total Assets		709,269	689,029
Liabilities:
Future policy benefits		273,586	261,773	[1]
Policyholders' account balances		138,139	135,624	[1]
Market risk benefit liabilities		6,096	5,864	[1]	8,079
Income taxes		517	277	[1]
Other liabilities	[2]	20,540	21,824	[1]
Total liabilities		676,822	657,481
EQUITY
Accumulated other comprehensive income (loss)		(3,825)	(3,806)	[1]
Retained earnings		32,708	31,714	[1]
Total Prudential Financial, Inc. equity		31,385	30,593
Noncontrolling interests		1,062	955
Total equity		32,447	31,548	[3]	$ 29,989	[4]	$ 30,321
TOTAL LIABILITIES AND EQUITY		$ 709,269	689,029
As Previously Reported
Assets:
Deferred policy acquisition costs			19,537							$ 19,027
Value of business acquired			595							$ 1,103
Income tax assets			4,214
Market risk benefit assets			0
Other assets			30,188
Total Assets			689,917
Liabilities:
Future policy benefits			284,452
Policyholders' account balances			135,602
Market risk benefit liabilities			0
Income taxes			0
Other liabilities			20,536
Total liabilities			672,709
EQUITY
Accumulated other comprehensive income (loss)			(19,827)
Retained earnings			33,392
Total Prudential Financial, Inc. equity			16,250
Noncontrolling interests			958
Total equity			17,208
TOTAL LIABILITIES AND EQUITY			689,917
Effect of Change
Assets:
Deferred policy acquisition costs			1,009						1,736
Value of business acquired			26						$ 60
Income tax assets			(4,214)
Market risk benefit assets			800
Other assets			1,491
Total Assets			(888)
Liabilities:
Future policy benefits			(22,679)
Policyholders' account balances			22
Market risk benefit liabilities			5,864
Income taxes			277
Other liabilities			1,288
Total liabilities			(15,228)
EQUITY
Accumulated other comprehensive income (loss)			16,021
Retained earnings			(1,678)
Total Prudential Financial, Inc. equity			14,343
Noncontrolling interests			(3)
Total equity			14,340
TOTAL LIABILITIES AND EQUITY			$ (888)

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]See Note 4 for details of balances associated with variable interest entities.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[4]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_3

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Operations) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
REVENUES
Premiums	$ 9,363	$ 7,689	[1]
Policy charges and fee income	1,134	1,299	[1]
Other income (loss)	1,019	(1,310)	[1]
Realized investment gains (losses), net	217	(1,044)	[1],[2]
Change in value of market risk benefits, net of related hedging gain	75	(270)	[1],[2]
Total revenues	17,045	11,855
BENEFITS AND EXPENSES
Policyholders’ benefits	10,304	8,775	[1]
Reclassified to “Liabilities held-for-sale”	25	(145)	[1]
Interest credited	981	60	[1]
Amortization of deferred policy acquisition costs	365	371	[1]
General and administrative expenses	3,204	3,217	[3]
Total benefits and expenses	15,198	12,513
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,847	(658)
Total income tax expense (benefit)	382	(144)	[1]
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		(514)
Equity in earnings of operating joint ventures, net of taxes	12	8
NET INCOME (LOSS)	1,477	(506)	[2]
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ 1,462	$ (493)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.94	$ (1.33)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.93	$ (1.33)
As Previously Reported
REVENUES
Premiums		$ 7,952
Policy charges and fee income		1,459
Other income (loss)		(1,371)
Realized investment gains (losses), net		(316)
Change in value of market risk benefits, net of related hedging gain		0
Total revenues		13,215
BENEFITS AND EXPENSES
Policyholders’ benefits		8,868
Reclassified to “Liabilities held-for-sale”		0
Interest credited		169
Amortization of deferred policy acquisition costs		847
General and administrative expenses		3,211
Total benefits and expenses		13,330
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		(115)
Total income tax expense (benefit)		(69)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		(46)
Equity in earnings of operating joint ventures, net of taxes		2
NET INCOME (LOSS)		(44)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.		$ (31)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)		$ (0.10)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)		$ (0.10)
Effect of Change
REVENUES
Premiums		$ (263)
Policy charges and fee income		(160)
Other income (loss)		61
Realized investment gains (losses), net		(728)
Change in value of market risk benefits, net of related hedging gain		(270)
Total revenues		(1,360)
BENEFITS AND EXPENSES
Policyholders’ benefits		(93)
Reclassified to “Liabilities held-for-sale”		(145)
Interest credited		(109)
Amortization of deferred policy acquisition costs		(476)
General and administrative expenses		6
Total benefits and expenses		(817)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		(543)
Total income tax expense (benefit)		(75)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		(468)
Equity in earnings of operating joint ventures, net of taxes		6
NET INCOME (LOSS)		(462)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.		$ (462)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)		$ (1.23)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)		$ (1.23)

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_4

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Consolidated Statements of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
NET INCOME (LOSS)	$ 1,477	$ (506)	[1]
Foreign currency translation adjustments for the period	13	(389)	[2]
Net unrealized investment gains (losses)	8,379	(22,833)	[2]
Interest rate remeasurement of future policy benefits	(8,705)	23,589	[2]
Gain (loss) from changes in non-performance risk on market risk benefits	186	1,107	[2]
Total	(108)	1,539
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(90)	599	[2]
Other comprehensive income (loss), net of tax	(18)	940
Comprehensive income (loss)	1,459	434
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ 1,443	448
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
NET INCOME (LOSS)		(44)
Foreign currency translation adjustments for the period		(352)
Net unrealized investment gains (losses)		(21,770)
Interest rate remeasurement of future policy benefits		0
Gain (loss) from changes in non-performance risk on market risk benefits		0
Total		(22,057)
Less: Income tax expense (benefit) related to other comprehensive income (loss)		(4,937)
Other comprehensive income (loss), net of tax		(17,120)
Comprehensive income (loss)		(17,164)
Comprehensive income (loss) attributable to Prudential Financial, Inc.		(17,150)
Effect of Change
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
NET INCOME (LOSS)		(462)
Foreign currency translation adjustments for the period		(37)
Net unrealized investment gains (losses)		(1,063)
Interest rate remeasurement of future policy benefits		23,589
Gain (loss) from changes in non-performance risk on market risk benefits		1,107
Total		23,596
Less: Income tax expense (benefit) related to other comprehensive income (loss)		5,536
Other comprehensive income (loss), net of tax		18,060
Comprehensive income (loss)		17,598
Comprehensive income (loss) attributable to Prudential Financial, Inc.		$ 17,598

[1]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_5

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)	$ 1,477	$ (506)	[1]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net	(217)	1,044	[1],[2]
Change in value of market risk benefits, net of related hedging (gains) losses	(75)	270	[1],[2]
Policy charges and fee income	(540)	(557)	[1]
Interest credited to policyholders’ account balances	981	60	[1]
Depreciation and amortization	41	15	[1]
Change in:
Deferred policy acquisition costs	(205)	(201)	[1]
Future policy benefits and other insurance liabilities	1,888	1,221	[1]
Income taxes	357	(158)	[1]
Derivatives, net	(354)	(2,840)	[1]
Other, net	(1,876)	681	[1]
Cash flows from (used in) operating activities	$ 1,343	1
As Previously Reported
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)		(44)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net		316
Change in value of market risk benefits, net of related hedging (gains) losses		0
Policy charges and fee income		(634)
Interest credited to policyholders’ account balances		169
Depreciation and amortization		18
Change in:
Deferred policy acquisition costs		266
Future policy benefits and other insurance liabilities		1,404
Income taxes		(83)
Derivatives, net		(3,000)
Other, net		617
Cash flows from (used in) operating activities		1
Effect of Change
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)		(462)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net		728
Change in value of market risk benefits, net of related hedging (gains) losses		270
Policy charges and fee income		77
Interest credited to policyholders’ account balances		(109)
Depreciation and amortization		(3)
Change in:
Deferred policy acquisition costs		(467)
Future policy benefits and other insurance liabilities		(183)
Income taxes		(75)
Derivatives, net		160
Other, net		64
Cash flows from (used in) operating activities		$ 0

[1]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_3

Business and Basis of Presentation (Transition Adjustment Roll Forward Of Retained Earnings) (Details) - Retained Earnings $ in Millions	Jan. 01, 2021 USD ($)
Retained Earnings Transition Adjustment [Roll Forward]
Balance after-tax, after transition	$ 28,137
As Previously Reported
Retained Earnings Transition Adjustment [Roll Forward]
Balance after-tax, prior to transition	30,749
Effect of Change
Retained Earnings Transition Adjustment [Roll Forward]
Reclassification of market risk benefits non-performance risk to AOCI	(1,588)
Updates to certain universal life contract liabilities	(1,025)
Change in non-participating traditional and limited-pay contract liabilities	(543)
Other	(271)
Total pre-tax adjustments	(3,427)
Tax impacts	$ 815

Business and Basis of Present_4

Business and Basis of Presentation (Transition Adjustment Roll Forward Of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions			3 Months Ended
		Jan. 01, 2021	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance	[1]		$ (3,806)
Ending balance			(3,825)
Change in AOCI
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance			(3,806)	$ (9,494)
Ending balance		$ (11,658)	(3,825)	$ (8,553)
As Previously Reported
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance			(19,827)
As Previously Reported \| Change in AOCI
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance		30,738
Effect of Change
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance			$ 16,021
Effect of Change \| Change in AOCI
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Unwinding amounts related to unrealized investment gains and losses		5,534
Reclassification of MRB NPR to AOCI		1,588
Interest rate remeasurement of future policy benefits		(62,711)
Change in operating joint ventures		(12)
Total pre-tax adjustments		(55,601)
Tax impacts		$ 13,205

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_5

Business and Basis of Presentation (Schedule of Deferred Policy Acquisition Costs) (Details) - USD ($) $ in Millions	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	$ 20,546	[1]	$ 19,868			$ 20,763
Balance, EOP	20,741		20,546	[1]	$ 19,868		$ 20,763
Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP			229			626
Balance, EOP	166				229		626
As Previously Reported
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	19,537						19,027
Balance, EOP			19,537
As Previously Reported \| Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							520
Effect of Change
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	1,009					1,736
Balance, EOP			1,009				1,736
Effect of Change \| Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						106
Balance, EOP							106
Individual Variable \| Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	4,171		4,843		4,872	4,916
Balance, EOP	4,132		4,171		4,843	4,872	4,916
Individual Variable \| As Previously Reported \| Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							4,643
Individual Variable \| Effect of Change \| Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						273
Balance, EOP							273
Term Life \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	2,288		2,354		2,372	2,417
Balance, EOP	2,268		2,288		2,354	2,372	2,417
Term Life \| As Previously Reported \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							2,417
Term Life \| Effect of Change \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						0
Balance, EOP							0
Variable/ Universal Life \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	5,000		4,759		4,679	4,229
Balance, EOP	5,082		5,000		4,759	4,679	4,229
Variable/ Universal Life \| As Previously Reported \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							3,779
Variable/ Universal Life \| Effect of Change \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						450
Balance, EOP							450
Life Planner \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	4,710		4,722		4,685	4,615
Balance, EOP	4,795		4,710		4,722	4,685	4,615
Life Planner \| As Previously Reported \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							4,278
Life Planner \| Effect of Change \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						337
Balance, EOP							337
Gibraltar Life and Other \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	4,231		4,141		4,135	3,960
Balance, EOP	$ 4,298		$ 4,231		$ 4,141	4,135	3,960
Gibraltar Life and Other \| As Previously Reported \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							3,390
Gibraltar Life and Other \| Effect of Change \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						$ 570
Balance, EOP							$ 570

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_6

Business and Basis of Presentation (Deferred Sales Inducements) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Jan. 01, 2021
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP		$ 485
Balance, EOP	$ 472		$ 907
Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP		$ 37
Balance, EOP	$ 34		41
As Previously Reported
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP			820
As Previously Reported \| Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP			39
Effect of Change
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			87
Effect of Change \| Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			2
Individual Variable \| Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			866
Individual Variable \| As Previously Reported \| Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP			781
Individual Variable \| Effect of Change \| Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			$ 85

Business and Basis of Present_7

Business and Basis of Presentation (Value of Business Acquired) (Details) - USD ($) $ in Millions	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Value of Business Acquired [Line Items]
Balance, BOP	$ 621	[1]	$ 723			$ 1,163
Balance, EOP	601		621	[1]	$ 723		$ 1,163
Other Businesses
Value of Business Acquired [Line Items]
Balance, BOP			231			252
Balance, EOP	23				231		252
As Previously Reported
Value of Business Acquired [Line Items]
Balance, BOP	595						1,103
Balance, EOP			595
As Previously Reported \| Other Businesses
Value of Business Acquired [Line Items]
Balance, BOP							251
Effect of Change
Value of Business Acquired [Line Items]
Balance, BOP	26					60
Balance, EOP			26				60
Effect of Change \| Other Businesses
Value of Business Acquired [Line Items]
Balance, BOP						1
Balance, EOP							1
Gibraltar Life and Other
Value of Business Acquired [Line Items]
Balance, BOP	597		693		746
Balance, EOP	$ 578		$ 597		$ 693	746
Gibraltar Life and Other \| International Businesses
Value of Business Acquired [Line Items]
Balance, BOP						911
Balance, EOP							911
Gibraltar Life and Other \| As Previously Reported \| International Businesses
Value of Business Acquired [Line Items]
Balance, BOP							852
Gibraltar Life and Other \| Effect of Change \| International Businesses
Value of Business Acquired [Line Items]
Balance, BOP						$ 59
Balance, EOP							$ 59

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_8

Business and Basis of Presentation (Liability for Future Policy Benefit-Benefits Reserve) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	$ 323,148		$ 366,761
Balance after transition, net of reinsurance recoverable	192,293		218,842
Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 204,683
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					267,553
Less: Reinsurance recoverable					1,279
Balance after transition, net of reinsurance recoverable					266,274
As Previously Reported \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 209,018
Changes in cash flow assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(4,335)
Cumulative changes in discount rate assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					62,870
Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Balance	141,323	$ 137,924	126,060	$ 128,887
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	123,745	117,754	126,840	142,593
Less: Reinsurance recoverable	0		0
Balance after transition, net of reinsurance recoverable	68,425		67,067
Retirement Strategies \| Institutional \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					61,578
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					75,126
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					75,126
Retirement Strategies \| Institutional \| As Previously Reported \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						65,383
Retirement Strategies \| Institutional \| Changes in cash flow assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(3,805)
Retirement Strategies \| Institutional \| Cumulative changes in discount rate assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					13,548
Individual Life \| Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance	20,243	20,300	18,890	18,892
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	19,753	19,288	20,812	22,768
Less: Reinsurance recoverable	728		498
Balance after transition, net of reinsurance recoverable	7,587		8,357
Individual Life \| Term Life \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					7,887
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					10,549
Less: Reinsurance recoverable					799
Balance after transition, net of reinsurance recoverable					9,750
Individual Life \| Term Life \| As Previously Reported \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						7,887
Individual Life \| Term Life \| Changes in cash flow assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Individual Life \| Term Life \| Cumulative changes in discount rate assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					2,662
International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance	82,484	82,358	86,904	88,008
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	82,728	78,639	99,741	109,562
Less: Reinsurance recoverable	112		150
Balance after transition, net of reinsurance recoverable	51,703		62,699
International Businesses \| Life Planner \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					51,617
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					74,207
Less: Reinsurance recoverable					160
Balance after transition, net of reinsurance recoverable					74,047
International Businesses \| Life Planner \| As Previously Reported \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						51,607
International Businesses \| Life Planner \| Changes in cash flow assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					10
International Businesses \| Life Planner \| Cumulative changes in discount rate assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					22,590
International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance	90,885	91,597	98,755	101,370
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	83,671	80,331	103,561	114,846
Less: Reinsurance recoverable	222		258
Balance after transition, net of reinsurance recoverable	54,504		68,277
International Businesses \| Gibraltar Life and Other \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					69,019
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					82,803
Less: Reinsurance recoverable					307
Balance after transition, net of reinsurance recoverable					82,496
International Businesses \| Gibraltar Life and Other \| As Previously Reported \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						69,542
International Businesses \| Gibraltar Life and Other \| Changes in cash flow assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(523)
International Businesses \| Gibraltar Life and Other \| Cumulative changes in discount rate assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					13,784
Corporate and Other \| Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance	12,037	11,901	11,415	11,328
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	11,299	$ 10,685	13,603	$ 15,810
Less: Reinsurance recoverable	0		0
Balance after transition, net of reinsurance recoverable	8,288		10,349
Corporate and Other \| Long- Term Care \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					7,957
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					12,862
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					12,862
Corporate and Other \| Long- Term Care \| As Previously Reported \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						7,975
Corporate and Other \| Long- Term Care \| Changes in cash flow assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(18)
Corporate and Other \| Long- Term Care \| Cumulative changes in discount rate assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					4,905
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	1,952		2,458
Less: Reinsurance recoverable	74		5
Balance after transition, net of reinsurance recoverable	$ 1,786		$ 2,347
Other Businesses \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					6,625
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					12,006
Less: Reinsurance recoverable					13
Balance after transition, net of reinsurance recoverable					11,993
Other Businesses \| As Previously Reported \| Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 6,624
Other Businesses \| Changes in cash flow assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					1
Other Businesses \| Cumulative changes in discount rate assumptions and other activity \| Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					$ 5,381

Business and Basis of Present_9

Business and Basis of Presentation (Liability for Future Policy Benefit-Deferred Profit Liability) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 323,148		$ 366,761
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	192,293		218,842
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	1,952		2,458
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	74		5
Balance after transition, net of reinsurance recoverable	1,786		2,347
Institutional \| Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance	123,745	$ 117,754	126,840	$ 142,593
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	0		0
Balance after transition, net of reinsurance recoverable	68,425		67,067
Life Planner \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	82,728	78,639	99,741	109,562
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	112		150
Balance after transition, net of reinsurance recoverable	51,703		62,699
Gibraltar Life and Other \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	83,671	$ 80,331	103,561	$ 114,846
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	222		258
Balance after transition, net of reinsurance recoverable	$ 54,504		$ 68,277
Deferred Profit Liaibility
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 12,163
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					22
Balance after transition, net of reinsurance recoverable					12,141
Deferred Profit Liaibility \| Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance					5,116
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					5,116
Deferred Profit Liaibility \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					497
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					497
Deferred Profit Liaibility \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 7,374
Deferred Profit Liaibility \| As Previously Reported \| Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance						1,315
Deferred Profit Liaibility \| As Previously Reported \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						349
Deferred Profit Liaibility \| Changes in benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					4,789
Deferred Profit Liaibility \| Changes in benefit reserves \| Retirement Strategies
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					3,801
Deferred Profit Liaibility \| Changes in benefit reserves \| Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					148
Deferred Profit Liaibility \| Life Planner \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					2,074
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					7
Balance after transition, net of reinsurance recoverable					2,067
Deferred Profit Liaibility \| Life Planner \| As Previously Reported \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						1,964
Deferred Profit Liaibility \| Life Planner \| Changes in benefit reserves \| International Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					110
Deferred Profit Liaibility \| Gibraltar Life and Other \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					4,476
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					15
Balance after transition, net of reinsurance recoverable					4,461
Deferred Profit Liaibility \| Gibraltar Life and Other \| As Previously Reported \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 3,746
Deferred Profit Liaibility \| Gibraltar Life and Other \| Changes in benefit reserves \| International Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					$ 730

Business and Basis of Presen_10

Business and Basis of Presentation (Additional Insurance Reserves) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 323,148	$ 366,761
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	192,293	218,842
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	1,952	2,458
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	74	5
Balance after transition, net of reinsurance recoverable	$ 1,786	$ 2,347
Additional insurance reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 11,289
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			10,103
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			10,103
Amounts related to unrealized investment gains and losses after transition			1,186
Less: Reinsurance recoverable			4,387
Balance after transition, net of reinsurance recoverable			6,902
Additional insurance reserves \| Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,615)
Additional insurance reserves \| Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(916)
Additional insurance reserves \| Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(48)
Additional insurance reserves \| Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			1,779
Additional insurance reserves \| Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			116
Additional insurance reserves \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 10,787
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			9,172
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			9,172
Additional insurance reserves \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance			360
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			360
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			360
Amounts related to unrealized investment gains and losses after transition			0
Less: Reinsurance recoverable			0
Balance after transition, net of reinsurance recoverable			360
Additional insurance reserves \| Other Businesses \| Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(106)
Additional insurance reserves \| Other Businesses \| Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(92)
Additional insurance reserves \| Other Businesses \| Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(48)
Additional insurance reserves \| Other Businesses \| Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			7
Additional insurance reserves \| Other Businesses \| Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			116
Additional insurance reserves \| Other Businesses \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				483
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			377
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			377
Additional insurance reserves \| Individual Variable \| Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance			0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			0
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			0
Amounts related to unrealized investment gains and losses after transition			0
Less: Reinsurance recoverable			0
Balance after transition, net of reinsurance recoverable			0
Additional insurance reserves \| Individual Variable \| Retirement Strategies \| Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(65)
Additional insurance reserves \| Individual Variable \| Retirement Strategies \| Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(824)
Additional insurance reserves \| Individual Variable \| Retirement Strategies \| Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves \| Individual Variable \| Retirement Strategies \| Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves \| Individual Variable \| Retirement Strategies \| Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves \| Individual Variable \| Retirement Strategies \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				889
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			824
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			824
Additional insurance reserves \| Variable/ Universal Life \| Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance			10,929
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			9,743
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			9,743
Amounts related to unrealized investment gains and losses after transition			1,186
Less: Reinsurance recoverable			4,387
Balance after transition, net of reinsurance recoverable			6,542
Additional insurance reserves \| Variable/ Universal Life \| Individual Life \| Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,444)
Additional insurance reserves \| Variable/ Universal Life \| Individual Life \| Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves \| Variable/ Universal Life \| Individual Life \| Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves \| Variable/ Universal Life \| Individual Life \| Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			1,772
Additional insurance reserves \| Variable/ Universal Life \| Individual Life \| Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves \| Variable/ Universal Life \| Individual Life \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 9,415
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			7,971
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			$ 7,971

Business and Basis of Presen_11

Business and Basis of Presentation (Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 323,148	$ 366,761
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 1,952	$ 2,458
Universal Life Loss
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 1,024
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			6
Amounts related to unrealized investment gains and losses after transition			1,018
Universal Life Loss \| Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance			1,018
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			0
Amounts related to unrealized investment gains and losses after transition			1,018
Universal Life Loss \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance			6
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			6
Amounts related to unrealized investment gains and losses after transition			0
Universal Life Loss \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 1,829
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			680
Universal Life Loss \| As Previously Reported \| Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance				1,823
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			674
Universal Life Loss \| As Previously Reported \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 6
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			6
Universal Life Loss \| Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,149)
Universal Life Loss \| Unwinding amounts related to unrealized investment gains and losses \| Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,149)
Universal Life Loss \| Unwinding amounts related to unrealized investment gains and losses \| Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Universal Life Loss \| Derecognizing LRR & PFL
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(674)
Universal Life Loss \| Derecognizing LRR & PFL \| Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(674)
Universal Life Loss \| Derecognizing LRR & PFL \| Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			$ 0

Business and Basis of Presen_12

Business and Basis of Presentation (Non-Participating Traditional and Limited-Pay Loss Recognition Reserves/Profit Followed by Losses Liability) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 323,148		$ 366,761
Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Balance	123,745	$ 117,754	126,840	$ 142,593
International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance	82,728	78,639	99,741	109,562
International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance	83,671	80,331	103,561	114,846
Corporate and Other \| Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance	11,299	$ 10,685	13,603	$ 15,810
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 1,952		$ 2,458
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Retirement Strategies \| Institutional \| Institutional Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Corporate and Other \| Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 3,715
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					52
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| As Previously Reported \| Retirement Strategies \| Institutional \| Institutional Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance						1,985
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| As Previously Reported \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance						181
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					12
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| As Previously Reported \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance						670
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| As Previously Reported \| Corporate and Other \| Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance						734
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| As Previously Reported \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 145
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					40
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(3,663)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Unwinding amounts related to unrealized investment gains and losses \| Retirement Strategies \| Institutional \| Institutional Retirement Strategies
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(1,985)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Unwinding amounts related to unrealized investment gains and losses \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(169)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Unwinding amounts related to unrealized investment gains and losses \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(670)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Unwinding amounts related to unrealized investment gains and losses \| Corporate and Other \| Long- Term Care
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(734)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Unwinding amounts related to unrealized investment gains and losses \| Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(105)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Derecognizing LRR & PFL
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(52)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Derecognizing LRR & PFL \| Retirement Strategies \| Institutional \| Institutional Retirement Strategies
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Derecognizing LRR & PFL \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(12)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Derecognizing LRR & PFL \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Derecognizing LRR & PFL \| Corporate and Other \| Long- Term Care
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves \| Derecognizing LRR & PFL \| Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					$ (40)

Business and Basis of Presen_13

Business and Basis of Presentation (Terminal Dividend Liability) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 323,148		$ 366,761
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	192,293		218,842
Term Life \| Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance	19,753	$ 19,288	20,812	$ 22,768
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	728		498
Balance after transition, net of reinsurance recoverable	$ 7,587		$ 8,357
Terminal Dividend Liability
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 580
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					580
Terminal Dividend Liability \| Closed Block division
Liability for Future Policy Benefit, Activity [Line Items]
Balance					375
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					375
Terminal Dividend Liability \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 591
Terminal Dividend Liability \| As Previously Reported \| Closed Block division
Liability for Future Policy Benefit, Activity [Line Items]
Balance						375
Terminal Dividend Liability \| Changes in benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(11)
Terminal Dividend Liability \| Changes in benefit reserves \| Closed Block division
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Terminal Dividend Liability \| Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance					201
Terminal Dividend Liability \| Variable/ Universal Life \| Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					201
Terminal Dividend Liability \| Variable/ Universal Life \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						212
Terminal Dividend Liability \| Variable/ Universal Life \| Changes in benefit reserves \| Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(11)
Terminal Dividend Liability \| Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance					4
Terminal Dividend Liability \| Term Life \| Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					4
Terminal Dividend Liability \| Term Life \| As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 4
Terminal Dividend Liability \| Term Life \| Changes in benefit reserves \| Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					$ 0

Business and Basis of Presen_14

Business and Basis of Presentation (Unearned Revenue Reserves) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 13,385	$ 11,349
Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 3,176
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			3,176
Corporate and Other \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			190
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			190
Other Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			30
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			30
As Previously Reported \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 2,592
As Previously Reported \| Corporate and Other \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				152
As Previously Reported \| Other Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				30
Changes in benefit reserves \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			584
Changes in benefit reserves \| Corporate and Other \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			38
Changes in benefit reserves \| Other Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			0
Variable/ Universal Life \| Individual Life \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			2,743
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			2,743
Variable/ Universal Life \| As Previously Reported \| Individual Life \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				2,204
Variable/ Universal Life \| Changes in benefit reserves \| Individual Life \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			539
Life Planner \| International Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			163
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			163
Life Planner \| As Previously Reported \| International Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				161
Life Planner \| Changes in benefit reserves \| International Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			2
Gibraltar Life and Other \| International Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			50
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			50
Gibraltar Life and Other \| As Previously Reported \| International Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 45
Gibraltar Life and Other \| Changes in benefit reserves \| International Businesses \| Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			$ 5

Business and Basis of Presen_15

Business and Basis of Presentation (Market Risk Benefit, Activity) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Market Risk Benefit [Roll Forward]
Net Liability	$ 5,120	$ 7,159	$ 19,852
As Previously Reported
Market Risk Benefit [Roll Forward]
Net Liability				$ 18,879
AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses
Market Risk Benefit [Roll Forward]
Net Liability			964
Total liability prior to transition
Market Risk Benefit [Roll Forward]
Net Liability			19,843
Change in reserve basis to MRB framework
Market Risk Benefit [Roll Forward]
Net Liability			220
MRB after transition, at current NPR value
Market Risk Benefit [Roll Forward]
Net Liability			20,063
Less: Reinsured MRB
Market Risk Benefit [Roll Forward]
Net Liability			211
MRB after transition, at contract inception NPR value
Market Risk Benefit [Roll Forward]
Net Liability			21,651
Cumulative change in NPR
Market Risk Benefit [Roll Forward]
Net Liability			1,588
Retirement Strategies \| Individual Variable
Market Risk Benefit [Roll Forward]
Net Liability	$ 5,016	$ 7,009	19,473
Retirement Strategies \| Individual Variable \| As Previously Reported
Market Risk Benefit [Roll Forward]
Net Liability				18,731
Retirement Strategies \| Individual Variable \| AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses
Market Risk Benefit [Roll Forward]
Net Liability			824
Retirement Strategies \| Individual Variable \| Total liability prior to transition
Market Risk Benefit [Roll Forward]
Net Liability			19,555
Retirement Strategies \| Individual Variable \| Change in reserve basis to MRB framework
Market Risk Benefit [Roll Forward]
Net Liability			122
Retirement Strategies \| Individual Variable \| MRB after transition, at current NPR value
Market Risk Benefit [Roll Forward]
Net Liability			19,677
Retirement Strategies \| Individual Variable \| Less: Reinsured MRB
Market Risk Benefit [Roll Forward]
Net Liability			204
Retirement Strategies \| Individual Variable \| MRB after transition, at contract inception NPR value
Market Risk Benefit [Roll Forward]
Net Liability			21,259
Retirement Strategies \| Individual Variable \| Cumulative change in NPR
Market Risk Benefit [Roll Forward]
Net Liability			1,582
Other Businesses
Market Risk Benefit [Roll Forward]
Net Liability			379
Other Businesses \| As Previously Reported
Market Risk Benefit [Roll Forward]
Net Liability				$ 148
Other Businesses \| AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses
Market Risk Benefit [Roll Forward]
Net Liability			140
Other Businesses \| Total liability prior to transition
Market Risk Benefit [Roll Forward]
Net Liability			288
Other Businesses \| Change in reserve basis to MRB framework
Market Risk Benefit [Roll Forward]
Net Liability			98
Other Businesses \| MRB after transition, at current NPR value
Market Risk Benefit [Roll Forward]
Net Liability			386
Other Businesses \| Less: Reinsured MRB
Market Risk Benefit [Roll Forward]
Net Liability			7
Other Businesses \| MRB after transition, at contract inception NPR value
Market Risk Benefit [Roll Forward]
Net Liability			392
Other Businesses \| Cumulative change in NPR
Market Risk Benefit [Roll Forward]
Net Liability			$ 6

Business and Basis of Presen_16

Business and Basis of Presentation (Cost Of Reinsurance) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 13,385	$ 11,349
Variable/ Universal Life \| Individual Life \| Other liabilities
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 3,259
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			580
Balance after transition			3,839
Variable/ Universal Life \| As Previously Reported \| Individual Life \| Other liabilities
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 3,058
Variable/ Universal Life \| Unwinding amounts related to unrealized investment gains and losses \| Individual Life \| Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			(659)
Variable/ Universal Life \| Balance prior to transition, excluding amounts related to unrealized investment gains and losses \| Individual Life \| Other liabilities
Liability for Future Policy Benefit, Activity [Line Items]
Balance			2,399
Variable/ Universal Life \| Impact from updates to certain universal life contract liabilities \| Individual Life \| Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			$ 860

Significant Accounting Polici_3

Significant Accounting Policies and Pronouncements (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	[1]	Mar. 31, 2022	[2]	Dec. 31, 2021	[2]	Jan. 01, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 32,447		$ 31,548		$ 29,989		$ 30,321
Change in AOCI
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	(3,825)		(3,806)		(8,553)		(9,494)
Change in AOCI \| Cumulative effect of adoption of accounting changes \| Accounting Standards Update 2018-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		$ 16,000							$ (42,400)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 32,708		$ 31,714		$ 34,228		$ 35,183
Retained Earnings \| Cumulative effect of adoption of accounting changes \| Accounting Standards Update 2018-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		$ (1,700)							$ (2,600)

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		$ 338,604	$ 335,447
Fixed Maturities, AFS, allowance for credit losses		269	138
Fair Value	[1]	320,512	307,719
Amortized Cost	[1]	1,277	1,296
Fixed Maturities, Held-to maturity, Fair Value		1,449	1,455
Fixed Maturities, HTM, allowance for credit losses		2	2
Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		338,604	335,447
Gross Unrealized Gains		10,481	8,449
Gross Unrealized Losses		28,304	36,039
Fixed Maturities, AFS, allowance for credit losses		269	138
Fair Value		320,512	307,719
Amortized Cost		1,279	1,298
Gross Unrealized Gains		170	157
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		1,449	1,455
Fixed Maturities, HTM, allowance for credit losses		2	2
Amortized Cost, Net of Allowance		1,277	1,296
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		29,054	29,372
Gross Unrealized Gains		1,399	1,110
Gross Unrealized Losses		3,387	4,413
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		27,066	26,069
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		10,122	10,179
Gross Unrealized Gains		311	238
Gross Unrealized Losses		511	728
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		9,922	9,689
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		75,080	74,103
Gross Unrealized Gains		5,547	4,503
Gross Unrealized Losses		3,438	5,379
Fixed Maturities, AFS, allowance for credit losses		62	1
Fair Value		77,127	73,226
Amortized Cost		718	725
Gross Unrealized Gains		139	128
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		857	853
Fixed Maturities, HTM, allowance for credit losses		0	0
Amortized Cost, Net of Allowance		718	725
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		102,895	99,854
Gross Unrealized Gains		1,694	1,311
Gross Unrealized Losses		11,016	13,563
Fixed Maturities, AFS, allowance for credit losses		77	16
Fair Value		93,496	87,586
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		39,661	39,867
Gross Unrealized Gains		584	507
Gross Unrealized Losses		2,764	3,438
Fixed Maturities, AFS, allowance for credit losses		36	57
Fair Value		37,445	36,879
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		22,167	22,235
Gross Unrealized Gains		483	416
Gross Unrealized Losses		1,558	1,945
Fixed Maturities, AFS, allowance for credit losses		53	19
Fair Value		21,039	20,687
Amortized Cost		426	430
Gross Unrealized Gains		24	24
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		450	454
Fixed Maturities, HTM, allowance for credit losses		2	2
Amortized Cost, Net of Allowance		424	428
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		32,706	32,755
Gross Unrealized Gains		249	150
Gross Unrealized Losses		4,367	5,201
Fixed Maturities, AFS, allowance for credit losses		40	44
Fair Value		28,548	27,660
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		13,035	12,972
Gross Unrealized Gains		183	166
Gross Unrealized Losses		228	286
Fixed Maturities, AFS, allowance for credit losses		1	1
Fair Value		12,989	12,851
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		11,251	11,497
Gross Unrealized Gains		5	19
Gross Unrealized Losses		844	861
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		10,412	10,655
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		2,633	2,613
Gross Unrealized Gains		26	29
Gross Unrealized Losses		191	225
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		2,468	2,417
Amortized Cost		135	143
Gross Unrealized Gains		7	5
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		142	148
Fixed Maturities, HTM, allowance for credit losses		0	0
Amortized Cost, Net of Allowance		135	143
Prudential Netting Agreement \| Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		4,250	4,250
Fixed Maturities, Held-to maturity, Fair Value		4,250	4,250
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	8,040
Fair Value		$ 8,040	$ 8,040

[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	Mar. 31, 2023	Dec. 31, 2022
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	$ 56,565	$ 166,950
Less than Twelve Months, Unrealized Losses	2,652	20,276
Twelve Months or More, Fair Value	150,909	54,318
Twelve Months or More, Unrealized Losses	25,598	15,668
Fair Value	207,474	221,268
Gross Unrealized Losses	28,250	35,944
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	5,861	18,009
Less than Twelve Months, Unrealized Losses	290	3,143
Twelve Months or More, Fair Value	10,732	2,563
Twelve Months or More, Unrealized Losses	3,097	1,270
Fair Value	16,593	20,572
Gross Unrealized Losses	3,387	4,413
Obligations of U.S. states and their political subdivisions
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	2,151	5,510
Less than Twelve Months, Unrealized Losses	72	526
Twelve Months or More, Fair Value	2,879	558
Twelve Months or More, Unrealized Losses	439	202
Fair Value	5,030	6,068
Gross Unrealized Losses	511	728
Foreign government bonds
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	2,397	16,932
Less than Twelve Months, Unrealized Losses	99	2,384
Twelve Months or More, Fair Value	21,059	9,877
Twelve Months or More, Unrealized Losses	3,324	2,971
Fair Value	23,456	26,809
Gross Unrealized Losses	3,423	5,355
U.S. public corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	21,422	58,816
Less than Twelve Months, Unrealized Losses	887	7,790
Twelve Months or More, Fair Value	51,026	15,780
Twelve Months or More, Unrealized Losses	10,121	5,726
Fair Value	72,448	74,596
Gross Unrealized Losses	11,008	13,516
U.S. private corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	10,019	24,610
Less than Twelve Months, Unrealized Losses	450	2,065
Twelve Months or More, Fair Value	20,443	6,705
Twelve Months or More, Unrealized Losses	2,314	1,373
Fair Value	30,462	31,315
Gross Unrealized Losses	2,764	3,438
Foreign public corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	4,232	10,168
Less than Twelve Months, Unrealized Losses	114	932
Twelve Months or More, Fair Value	9,222	4,098
Twelve Months or More, Unrealized Losses	1,418	993
Fair Value	13,454	14,266
Gross Unrealized Losses	1,532	1,925
Foreign private corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	5,305	16,909
Less than Twelve Months, Unrealized Losses	486	2,521
Twelve Months or More, Fair Value	19,278	8,196
Twelve Months or More, Unrealized Losses	3,878	2,678
Fair Value	24,583	25,105
Gross Unrealized Losses	4,364	5,199
Asset-backed securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	1,960	5,385
Less than Twelve Months, Unrealized Losses	27	130
Twelve Months or More, Fair Value	7,610	5,059
Twelve Months or More, Unrealized Losses	201	156
Fair Value	9,570	10,444
Gross Unrealized Losses	228	286
Commercial mortgage-backed securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	2,683	9,289
Less than Twelve Months, Unrealized Losses	204	655
Twelve Months or More, Fair Value	7,440	1,080
Twelve Months or More, Unrealized Losses	640	206
Fair Value	10,123	10,369
Gross Unrealized Losses	844	861
Residential mortgage-backed securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	535	1,322
Less than Twelve Months, Unrealized Losses	23	130
Twelve Months or More, Fair Value	1,220	402
Twelve Months or More, Unrealized Losses	166	93
Fair Value	1,755	1,724
Gross Unrealized Losses	$ 189	$ 223

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Available-for-sale, Amortized Cost
Due in one year or less		$ 13,660
Due after one year through five years		52,864
Due after five years through ten years		62,703
Due after ten years		182,458
Fixed Maturities, available-for-sale, Amortized Cost		338,604	$ 335,447
Available-for-sale, Fair Value
Due in one year or less		13,628
Due after one year through five years		51,798
Due after five years through ten years		61,453
Due after ten years		167,764
Fixed maturities, available-for-sale, at fair value	[1]	320,512	307,719
Held-to-maturity, Amortized Cost
Due in one year or less		0
Due after one year through five years		425
Due after five years through ten years		15
Due after ten years		702
Amortized Cost		1,277
Held-to-maturity, Fair Value
Due in one year or less		0
Due after one year through five years		450
Due after five years through ten years		16
Due after ten years		841
Fixed Maturities, Held-to maturity, Fair Value		1,449	1,455
Amortized Cost	[1]	1,277	1,296
Asset-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		13,035
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		12,989
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		11,251
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		10,412
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		2,633
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		2,468
Held-to-maturity, Amortized Cost
Debt Maturities, without single maturity date		135
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		142
Fixed maturities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		338,604	335,447
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		320,512	307,719
Held-to-maturity, Fair Value
Fixed Maturities, Held-to maturity, Fair Value		1,449	1,455
Amortized Cost		1,279	1,298
Fixed maturities \| U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		39,661	39,867
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		37,445	36,879
Fixed maturities \| Asset-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		13,035	12,972
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		12,989	12,851
Fixed maturities \| Commercial mortgage-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		11,251	11,497
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		10,412	10,655
Fixed maturities \| Residential mortgage-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		2,633	2,613
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		2,468	2,417
Held-to-maturity, Fair Value
Fixed Maturities, Held-to maturity, Fair Value		142	148
Amortized Cost		135	143
Fixed maturities \| Prudential Netting Agreement
Held-to-maturity, Fair Value
Fixed Maturities, Held-to maturity, Fair Value		4,250	4,250
Amortized Cost		4,250	4,250
Fixed maturities \| Prudential Netting Agreement \| U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		8,040	8,040
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		$ 8,040	$ 8,040

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

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
Investments (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Schedule of Investments [Line Items]
Fixed maturity securities purchased with credit deterioration	$ 0		$ 0
Write-down on accrued investment income receivable	1	$ 1
Loans on non-accrual status, do not have allowance for credit losses	62		27
Commercial mortgage and other loans purchased with credit deterioration	0		0
Loans on non-accrual status recognized in interest income	1	1
Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses	28,250		35,944
Twelve Months or More, Unrealized Losses	25,598		15,668
Corporate securities
Schedule of Investments [Line Items]
Twelve Months or More, Unrealized Losses	25,598		15,668
Other income (loss) \| Fixed maturities \| Trading
Schedule of Investments [Line Items]
Unrealized gains (losses) on investments	194	(633)
Other income (loss) \| Equity securities
Schedule of Investments [Line Items]
Unrealized gains (losses) on investments	297	(257)
Other income (loss) \| Assets supporting experience-rated contractholder liabilities \| Held-for-sale
Schedule of Investments [Line Items]
Unrealized gains (losses) on investments	$ 134	$ (972)
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	$ 26,542		33,778
NAIC Other Than High or Highest Quality Rating \| Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses	$ 1,708		$ 2,166

Investments (Fixed Maturity Pro

Investments (Fixed Maturity Proceeds) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Securities [Line Items]
Proceeds from maturities/prepayments	$ 11,178	$ 14,240
Proceeds from maturities/prepayments - HTM	7	9
Fixed maturities \| Available-for-sale
Debt Securities [Line Items]
Proceeds from sales	7,350	9,083
Proceeds from maturities/prepayments	3,988	5,305
Gross investment gains from sales and maturities	290	242
Gross investment losses from sales and maturities	(305)	(570)
Write-downs recognized in earnings	(9)	(6)
(Addition to) release of allowance for credit losses	(131)	(77)
Fixed maturities \| Held-to-maturity
Debt Securities [Line Items]
Proceeds from maturities/prepayments - HTM	7	9
(Addition to) release of allowance for credit losses	0	0
Fixed maturities \| Available-for-sale
Debt Securities [Line Items]
Noncash or part noncash divestiture, amount of consideration received (paid)	(160)	(148)
Fixed maturities \| Held-to-maturity
Debt Securities [Line Items]
Noncash or part noncash divestiture, amount of consideration received (paid)	$ 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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Available-for-sale
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	$ 138	$ 114
Additions to allowance for credit losses not previously recorded	137	72
Reductions for securities sold during the period	(40)	(30)
Reductions for securities with intent to sell	0	(4)
Additions (reductions) on securities with previous allowance	34	39
Reclassified to / (from) “Assets held-for sale”		1
Balance, ending of period	269	192
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
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0	0
Additions (reductions) on securities with previous allowance	0	0
Reclassified to / (from) “Assets held-for sale”		0
Balance, ending of period	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	1	7
Additions to allowance for credit losses not previously recorded	62	10
Reductions for securities sold during the period	0	(2)
Reductions for securities with intent to sell	0	(4)
Additions (reductions) on securities with previous allowance	(1)	1
Reclassified to / (from) “Assets held-for sale”		0
Balance, ending of period	62	12
Available-for-sale \| U.S. and Foreign Corporate Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	136	107
Additions to allowance for credit losses not previously recorded	75	62
Reductions for securities sold during the period	(40)	(28)
Reductions for securities with intent to sell	0	0
Additions (reductions) on securities with previous allowance	35	38
Reclassified to / (from) “Assets held-for sale”		1
Balance, ending of period	206	180
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	1	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0	0
Additions (reductions) on securities with previous allowance	0	0
Reclassified to / (from) “Assets held-for sale”		0
Balance, ending of period	1	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	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0	0
Additions (reductions) on securities with previous allowance	0	0
Reclassified to / (from) “Assets held-for sale”		0
Balance, ending of period	0	0
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
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Reductions for securities with intent to sell	0	0
Additions (reductions) on securities with previous allowance	0	0
Reclassified to / (from) “Assets held-for sale”		0
Balance, ending of period	0	0
Fixed maturities, held-to-maturity
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	2	5
Current period provision for expected losses	0	0
Change in foreign exchange	0	(1)
Balance, ending of period	2	4
Fixed maturities, 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
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0
Fixed maturities, 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
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0
Fixed maturities, held-to-maturity \| U.S. and Foreign Corporate Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	2	5
Current period provision for expected losses	0	0
Change in foreign exchange	0	(1)
Balance, ending of period	2	4
Fixed maturities, 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
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0
Fixed maturities, 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
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	0	0
Fixed maturities, 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
Current period provision for expected losses	0	0
Change in foreign exchange	0	0
Balance, ending of period	$ 0	$ 0

Investments (Assets Supporting

Investments (Assets Supporting Experience-Rated Contractholder Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	$ 2,592	$ 2,612
Assets supporting experience-rated contractholder liabilities, at fair value	2,958	2,844
Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	941	984
Assets supporting experience-rated contractholder liabilities, at fair value	938	945
Equity securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	1,651	1,628
Assets supporting experience-rated contractholder liabilities, at fair value	2,020	1,899
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	0
Assets supporting experience-rated contractholder liabilities, at fair value	0	0
Corporate securities \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	90	91
Assets supporting experience-rated contractholder liabilities, at fair value	88	88
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
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
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
Foreign government bonds \| Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	663	705
Assets supporting experience-rated contractholder liabilities, at fair value	658	668
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	188
Assets supporting experience-rated contractholder liabilities, at fair value	$ 192	$ 189
Public Securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage	100%	100%
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%	98%

Investments (Concentrations of

Investments (Concentrations of Credit Risk) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
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	$ 67,025	$ 66,537
Concentrations of credit risk at fair value	69,731	66,396
Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	2,986	2,534
Concentrations of credit risk at fair value	2,723	2,281
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	573	613
Concentrations of credit risk at fair value	570	587
Short-term investments \| Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	65	60
Concentrations of credit risk at fair value	65	61
Cash equivalents \| Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	236	210
Concentrations of credit risk at fair value	236	210
Fixed maturities, 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	65,734	65,198
Concentrations of credit risk at fair value	68,307	64,959
Fixed maturities, available-for-sale \| Fixed maturities \| Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	2,685	2,264
Concentrations of credit risk at fair value	2,422	2,010
Fixed maturities, 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	699	706
Concentrations of credit risk at fair value	835	831
Fixed maturities, 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	19	20
Concentrations of credit risk at fair value	$ 19	$ 19

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 56,398	$ 56,334
Other loans	601	614
Total commercial mortgage and other loans	$ 56,778	$ 56,745
% of Total	100%	100%
Net carrying value of commercial loans held for sale	$ 257	$ 137
Commercial Mortgage Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 49,517	$ 49,477
% of Total	87.80%	87.80%
Commercial mortgage and agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Allowance for credit losses	$ (220)	$ (201)
Total net loans	56,178	56,133
Uncollateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	454	463
Residential property loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	39	43
Other collateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	108	108
Other loans
Commercial Mortgage and Other Loans [Line Items]
Total net loans	600	612
Allowance for credit losses	(1)	(2)
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 8,727	$ 9,096
% of Total	15.50%	16.20%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 6,108	$ 6,103
% of Total	10.80%	10.80%
Apartments/Multi-Family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 15,386	$ 15,381
% of Total	27.30%	27.30%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 13,494	$ 13,079
% of Total	23.90%	23.20%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 2,012	$ 2,027
% of Total	3.60%	3.60%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 3,790	$ 3,791
% of Total	6.70%	6.70%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 6,881	$ 6,857
% of Total	12.20%	12.20%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	$ 203	$ 119
Addition to (release of) allowance for expected losses	19	(4)
Reduction for loans sold during the period	(1)
Reclassified (to) from “Assets held-for sale”		6
Allowance, end of period	221	121
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	188	111
Addition to (release of) allowance for expected losses	17	(4)
Reduction for loans sold during the period	0
Reclassified (to) from “Assets held-for sale”		6
Allowance, end of period	205	113
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	13	4
Addition to (release of) allowance for expected losses	2	0
Reduction for loans sold during the period	0
Reclassified (to) from “Assets held-for sale”		0
Allowance, end of period	15	4
Residential Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	0	0
Addition to (release of) allowance for expected losses	0	0
Reduction for loans sold during the period	0
Reclassified (to) from “Assets held-for sale”		0
Allowance, end of period	0	0
Other collateralized loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	0	0
Addition to (release of) allowance for expected losses	0	0
Reduction for loans sold during the period	0
Reclassified (to) from “Assets held-for sale”		0
Allowance, end of period	0	0
Uncollateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	2	4
Addition to (release of) allowance for expected losses	0	0
Reduction for loans sold during the period	(1)
Reclassified (to) from “Assets held-for sale”		0
Allowance, end of period	$ 1	$ 4

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 56,999	$ 56,948
Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	825	3,835
One Years Prior	3,740	6,402
Two Years Prior	6,396	3,361
Three Years Prior	3,313	6,779
Four Years Prior	6,774	7,098
Prior	28,469	22,002
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	49,517	49,477
Commercial Mortgage Loans \| ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	749	3,249
One Years Prior	3,195	6,135
Two Years Prior	6,072	3,013
Three Years Prior	2,998	5,749
Four Years Prior	5,851	6,505
Prior	24,072	18,318
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	42,937	42,969
Commercial Mortgage Loans \| 1.0 - 1.2x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	2	586
One Years Prior	545	252
Two Years Prior	247	164
Three Years Prior	125	454
Four Years Prior	450	383
Prior	2,645	2,183
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	4,014	4,022
Commercial Mortgage Loans \| Less than 1.0x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	74	0
One Years Prior	0	15
Two Years Prior	77	184
Three Years Prior	190	576
Four Years Prior	473	210
Prior	1,752	1,501
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	2,566	2,486
Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	109	1,606
One Years Prior	1,584	2,079
Two Years Prior	2,074	861
Three Years Prior	851	508
Four Years Prior	503	347
Prior	1,674	1,382
Revolving Loans	86	74
Recording investment gross of allowance for credit losses	6,881	6,857
Agricultural property loans \| ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	109	1,593
One Years Prior	1,571	2,035
Two Years Prior	2,031	781
Three Years Prior	772	507
Four Years Prior	502	323
Prior	1,543	1,272
Revolving Loans	86	74
Recording investment gross of allowance for credit losses	6,614	6,585
Agricultural property loans \| 1.0 - 1.2x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	5
One Years Prior	5	44
Two Years Prior	43	80
Three Years Prior	79	0
Four Years Prior	0	6
Prior	71	68
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	198	203
Agricultural property loans \| Less than 1.0x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	8
One Years Prior	8	0
Two Years Prior	0	0
Three Years Prior	0	1
Four Years Prior	1	18
Prior	60	42
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	69	69
0%-59.99% \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	93	971
One Years Prior	857	1,747
Two Years Prior	1,757	1,282
Three Years Prior	1,276	2,831
Four Years Prior	2,831	4,697
Prior	19,030	15,111
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	25,844	26,639
0%-59.99% \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	92	931
One Years Prior	913	1,994
Two Years Prior	2,002	853
Three Years Prior	826	461
Four Years Prior	461	326
Prior	1,565	1,348
Revolving Loans	86	74
Recording investment gross of allowance for credit losses	5,945	5,987
60%-69.99% \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	408	1,997
One Years Prior	1,977	3,502
Two Years Prior	3,560	1,553
Three Years Prior	1,533	2,804
Four Years Prior	2,766	1,732
Prior	5,642	3,780
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	15,886	15,368
60%-69.99% \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	17	675
One Years Prior	671	85
Two Years Prior	49	8
Three Years Prior	5	47
Four Years Prior	42	8
Prior	8	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	792	823
70%-79.99% \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	324	865
One Years Prior	871	1,127
Two Years Prior	1,053	519
Three Years Prior	497	1,025
Four Years Prior	1,077	645
Prior	2,076	1,445
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	5,898	5,626
70%-79.99% \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	0
One Years Prior	0	0
Two Years Prior	23	0
Three Years Prior	20	0
Four Years Prior	0	0
Prior	54	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	97	0
80% or greater \| Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	2
One Years Prior	35	26
Two Years Prior	26	7
Three Years Prior	7	119
Four Years Prior	100	24
Prior	1,721	1,666
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	1,889	1,844
80% or greater \| Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	0
One Years Prior	0	0
Two Years Prior	0	0
Three Years Prior	0	0
Four Years Prior	0	13
Prior	47	34
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	$ 47	$ 47

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total	$ 56,999	$ 56,948
Non-accrual status	64	28
Loans on non-accrual status, do not have allowance for credit losses	62	27
Current
Financing Receivable, Past Due [Line Items]
Total	56,959	56,923
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	5	0
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	11	14
90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	24	11
Total Past Due
Financing Receivable, Past Due [Line Items]
Total	40	25
Commercial Mortgage Loans
Financing Receivable, Past Due [Line Items]
Total	49,517	49,477
Non-accrual status	11	11
Commercial Mortgage Loans \| Current
Financing Receivable, Past Due [Line Items]
Total	49,505	49,465
Commercial Mortgage Loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial Mortgage Loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	3
Commercial Mortgage Loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	12	9
Commercial Mortgage Loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	12	12
Agricultural property loans
Financing Receivable, Past Due [Line Items]
Total	6,881	6,857
Non-accrual status	28	17
Agricultural property loans \| Current
Financing Receivable, Past Due [Line Items]
Total	6,854	6,844
Agricultural property loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	4	0
Agricultural property loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	11	11
Agricultural property loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	12	2
Agricultural property loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	27	13
Residential property loans
Financing Receivable, Past Due [Line Items]
Total	39	43
Non-accrual status	0	0
Residential property loans \| Current
Financing Receivable, Past Due [Line Items]
Total	38	43
Residential property loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	1	0
Residential property loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Residential property loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	0	0
Residential property loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	1	0
Other collateralized loans
Financing Receivable, Past Due [Line Items]
Total	108	108
Non-accrual status	0	0
Other collateralized loans \| Current
Financing Receivable, Past Due [Line Items]
Total	108	108
Other collateralized loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Other collateralized loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Other collateralized loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	0	0
Other collateralized loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans
Financing Receivable, Past Due [Line Items]
Total	454	463
Non-accrual status	25	0
Uncollateralized loans \| Current
Financing Receivable, Past Due [Line Items]
Total	454	463
Uncollateralized loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans \| 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	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		Mar. 31, 2023	Dec. 31, 2022
Other Invested Assets [Line Items]
Other invested assets	[1]	$ 21,491	$ 21,099
LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		17,015	16,917
Real estate held through direct ownership
Other Invested Assets [Line Items]
Other invested assets		1,860	1,617
Derivative instruments
Other Invested Assets [Line Items]
Other invested assets		1,444	1,457
Other
Other Invested Assets [Line Items]
Other invested assets		1,172	1,108
Mortgage Debt \| Real estate-related
Other Invested Assets [Line Items]
Other invested assets		183	208
Equity method \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		13,143	13,228
Equity method \| Private equity \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		7,538	7,215
Equity method \| Hedge funds \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,041	3,220
Equity method \| Real estate-related \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,564	2,793
Fair Value
Other Invested Assets [Line Items]
Other invested assets		102	102
Fair Value \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,872	3,689
Fair Value \| Private equity \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,436	1,476
Fair Value \| Hedge funds \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,143	1,908
Fair Value \| Real estate-related \| LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		$ 293	$ 305

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

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Net Investment Income [Line Items]
Accrued investment income	[1]	$ 3,095	$ 3,012
Fixed maturities
Net Investment Income [Line Items]
Accrued investment income		2,599	2,517
Equity securities
Net Investment Income [Line Items]
Accrued investment income		8	6
Commercial mortgage and other loans
Net Investment Income [Line Items]
Accrued investment income		187	190
Policy loans
Net Investment Income [Line Items]
Accrued investment income		244	253
Other invested assets
Net Investment Income [Line Items]
Accrued investment income		17	18
Short-term investments and cash equivalents
Net Investment Income [Line Items]
Accrued investment income		$ 40	$ 28

[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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 4,608	$ 4,531
Less: investment expenses	(288)	(173)
Net investment income	4,320	4,358
Assets supporting experience-rated contractholder liabilities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	13	135
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	40	26
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	543	588
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	124	125
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	310	555
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	238	17
Available-for-sale \| Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	3,235	2,969
Held-to-maturity \| Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	50	54
Trading \| Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 55	$ 62

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ 217	$ (1,044)	[1],[2]
Fixed maturities
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(155)	(411)
Commercial mortgage and other loans
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(12)	15
Investment real estate
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	32	6
LPs/LLCs
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(16)	(12)
Derivatives
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	358	(638)
Other
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ 10	$ (4)

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ (15,535)	$ (25,026)
Fixed maturities \| Available-for-sale \| With an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(79)	(45)
Fixed maturities \| Available-for-sale \| Without an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(17,744)	(27,545)
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	2,344	2,616
Derivatives designated as fair value hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(74)	(54)
Other investments
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	18	$ 2
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	Mar. 31, 2023	Dec. 31, 2022
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	$ 6,617	$ 6,589
Total cash collateral for loaned securities	5,975	6,100
Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	6,367	6,189
Total cash collateral for loaned securities	5,551	5,622
Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	200	200
Total cash collateral for loaned securities	424	478
30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	50	200
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	6,580	6,579
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	6,330	6,179
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	200
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	50	200
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	61
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	61
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	350	299
Foreign government bonds \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	342	285
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	8	14
U.S. public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	4,401	4,504
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	4,051	4,109
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	350	395
Foreign public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	904	875
Foreign public corporate securities \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	838	806
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	66	69
Commercial mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	27	0
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	27	0
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	10
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	10
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	258	360
Equity securities \| Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	258	360
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

Variable Interest Entities (Ass

Variable Interest Entities (Assets and Liabilities of Consolidated VIEs) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Total assets	$ 709,269	$ 689,029
Total liabilities	676,822	657,481
Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Total assets	5,796	5,557
Total liabilities	833	763
Consolidated VIEs for Which the Company is the Investment Manager \| Wholly-owned beneficial interests
Variable Interest Entity [Line Items]
Total assets	3,495	3,403
Consolidated VIEs for Which the Company is the Investment Manager \| Equity securities
Variable Interest Entity [Line Items]
Total assets	74	85
Consolidated VIEs for Which the Company is the Investment Manager \| Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total assets	752	784
Consolidated VIEs for Which the Company is the Investment Manager \| Other
Variable Interest Entity [Line Items]
Total assets	3,770	3,397
Consolidated VIEs for Which the Company is the Investment Manager \| Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets	202	375
Consolidated VIEs for Which the Company is the Investment Manager \| Accrued investment income
Variable Interest Entity [Line Items]
Total assets	3	2
Consolidated VIEs for Which the Company is the Investment Manager \| Other assets
Variable Interest Entity [Line Items]
Total assets	357	352
Consolidated VIEs for Which the Company is the Investment Manager \| Other liabilities
Variable Interest Entity [Line Items]
Total liabilities	418	389
Consolidated VIEs for Which the Company is the Investment Manager \| Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities	415	374
Other Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	1,582	1,556
Total liabilities	0	0
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	81	68
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	724	706
Other Consolidated VIEs \| Other liabilities
Variable Interest Entity [Line Items]
Total liabilities	0	0
Other Consolidated VIEs \| Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities	0	0
Fixed maturities, available-for-sale \| Consolidated VIEs for Which the Company is the Investment Manager \| Fixed maturities
Variable Interest Entity [Line Items]
Total assets	448	398
Fixed maturities, available-for-sale \| Other Consolidated VIEs \| Fixed maturities
Variable Interest Entity [Line Items]
Total assets	91	90
Fixed maturities, held-to-maturity \| Consolidated VIEs for Which the Company is the Investment Manager \| Fixed maturities
Variable Interest Entity [Line Items]
Total assets	0	0
Fixed maturities, held-to-maturity \| Other Consolidated VIEs \| Fixed maturities
Variable Interest Entity [Line Items]
Total assets	683	689
Fixed maturities, trading \| Consolidated VIEs for Which the Company is the Investment Manager \| Fixed maturities
Variable Interest Entity [Line Items]
Total assets	190	164
Fixed maturities, 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 VIEs
Variable Interest Entity [Line Items]
VIEs Liabilities, maturities obligations	1 year
Maximum \| Consolidated VIEs for Which the Company is the Investment Manager \| Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
VIEs Liabilities, maturities obligations	10 years

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Total liabilities	$ 676,822,000,000	$ 657,481,000,000
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities	0
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 on these investments	914,000,000	950,000,000
Other invested assets \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum exposure to loss on these investments	$ 17,015,000,000	$ 16,917,000,000

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Credit Derivatives [Line Items]
Total derivative assets	$ 1,443		$ 1,455
Total derivative liabilities	2,274		3,055
Anticipated pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to earnings	$ 274
Maximum length of time hedged in cash flow hedge (future cash flows)	28 years
Net investment hedges income (loss) before taxes	$ (2)	$ 18
Non-derivative Net Investment Hedges income (loss) before taxes	(1)	$ 30
Credit derivative protection purchased notional amount	1,308		324
Credit Risk Derivative Liabilities, at Fair Value	(5)		(31)
Credit Default Swap, Buying Protection
Credit Derivatives [Line Items]
Credit Risk Derivative Liabilities, at Fair Value	$ 1
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)			$ 1

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Gross Notional	$ 485,920	$ 460,804
Assets	14,460	16,257
Liabilities	(24,629)	(26,353)
Embedded derivative, fair value OF embedded derivative, net	(3,706)	(2,997)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Gross Notional	34,511	34,491
Assets	3,343	3,690
Liabilities	(769)	(925)
Derivatives Designated as Hedge Accounting Instruments: \| Interest Rate Swaps
Derivative [Line Items]
Gross Notional	3,576	3,627
Assets	100	66
Liabilities	(176)	(245)
Derivatives Designated as Hedge Accounting Instruments: \| Interest Rate Forwards
Derivative [Line Items]
Gross Notional	299	398
Assets	0	0
Liabilities	(50)	(85)
Derivatives Designated as Hedge Accounting Instruments: \| Foreign Currency Forwards
Derivative [Line Items]
Gross Notional	4,870	4,830
Assets	122	155
Liabilities	(217)	(262)
Derivatives Designated as Hedge Accounting Instruments: \| Foreign Currency Swaps
Derivative [Line Items]
Gross Notional	25,766	25,636
Assets	3,121	3,469
Liabilities	(326)	(333)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Gross Notional	451,409	426,313
Assets	11,117	12,567
Liabilities	(23,860)	(25,428)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Swaps
Derivative [Line Items]
Gross Notional	223,439	212,934
Assets	7,567	9,097
Liabilities	(19,487)	(21,154)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Forwards
Derivative [Line Items]
Gross Notional	3,700	2,354
Assets	31	21
Liabilities	(18)	(42)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Foreign Currency Forwards
Derivative [Line Items]
Gross Notional	30,693	31,317
Assets	1,558	1,556
Liabilities	(1,799)	(1,924)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Foreign Currency Options
Derivative [Line Items]
Gross Notional	0	0
Assets	0	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Foreign Currency Swaps
Derivative [Line Items]
Gross Notional	8,298	8,410
Assets	744	813
Liabilities	(138)	(170)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Futures
Derivative [Line Items]
Gross Notional	11,995	18,080
Assets	62	13
Liabilities	(16)	(24)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Interest Rate Options
Derivative [Line Items]
Gross Notional	27,078	9,778
Assets	276	224
Liabilities	(737)	(280)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Credit Default Swaps
Derivative [Line Items]
Gross Notional	8,081	6,351
Assets	38	27
Liabilities	(44)	(57)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Equity Futures
Derivative [Line Items]
Gross Notional	1,527	1,372
Assets	7	1
Liabilities	(14)	(2)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Equity Options
Derivative [Line Items]
Gross Notional	41,000	38,323
Assets	707	708
Liabilities	(1,448)	(1,590)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Total Return Swaps
Derivative [Line Items]
Gross Notional	10,969	11,806
Assets	126	106
Liabilities	(158)	(184)
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Other
Derivative [Line Items]
Gross Notional	1,250	1,250
Assets	0	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: \| Synthetic GICs
Derivative [Line Items]
Gross Notional	83,379	84,338
Assets	1	1
Liabilities	$ (1)	$ (1)

Derivative Instruments (Hedged

Derivative Instruments (Hedged Item Offset By Derivatives Achieving Fair Value Hedge Accounting) (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Fixed maturities, available-for-sale, at fair value	[1]	$ 320,512	$ 307,719
Commercial mortgage and other loans	[1]	56,778	56,745
Policyholders’ account balances		(138,139)	(135,624)	[2]
Future policy benefits		(273,586)	(261,773)	[2]
Carrying Amount of the Hedged Assets (Liabilities)
Derivative [Line Items]
Fixed maturities, available-for-sale, at fair value		303	297
Commercial mortgage and other loans		0	0
Policyholders’ account balances		(1,016)	(966)
Future policy benefits		(2,450)	(2,354)
Cumulative Adjustment Included in Carrying Amount
Derivative [Line Items]
Fixed maturities, available-for-sale, at fair value		30	27
Commercial mortgage and other loans		0	0
Policyholders’ account balances		180	217
Future policy benefits		$ 295	$ 391

[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative Assets
Gross Amounts of Recognized Financial Instruments	$ 14,368	$ 16,178
Gross Amounts Offset in the Statements of Financial Position	(13,017)	(14,802)
Net Amounts Presented in the Statements of Financial Position	1,351	1,376
Financial Instruments/Collateral	(518)	(702)
Net Amount	833	674
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	708	385
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	708	385
Financial Instruments/Collateral	(708)	(385)
Net Amount	0	0
Total assets
Gross Amounts of Recognized Financial Instruments	15,076	16,563
Gross Amounts Offset in the Statements of Financial Position	(13,017)	(14,802)
Net Amounts Presented in the Statements of Financial Position	2,059	1,761
Financial Instruments/Collateral	(1,226)	(1,087)
Net Amount	833	674
Derivative Liabilities
Gross Amounts of Recognized Financial Instruments	24,628	26,352
Gross Amounts Offset in the Statements of Financial Position	(22,355)	(23,298)
Net Amounts Presented in the Statements of Financial Position	2,273	3,054
Financial Instruments/Collateral	(2,273)	(3,054)
Net Amount	0	0
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	6,617	6,589
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	6,617	6,589
Financial Instruments/Collateral	(6,590)	(6,589)
Net Amount	27	0
Total liabilities
Gross Amounts of Recognized Financial Instruments	31,245	32,941
Gross Amounts Offset in the Statements of Financial Position	(22,355)	(23,298)
Net Amounts Presented in the Statements of Financial Position	8,890	9,643
Financial Instruments/Collateral	(8,863)	(9,643)
Net Amount	$ 27	$ 0

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Non-derivative Net Investment Hedges income (loss) before taxes	$ (1)	$ 30
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	367	(611)
Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	347	(613)
Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	29	(2,363)
Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	29	(2,363)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	85	75
Net 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
Other Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(81)	79
Other Income (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	0
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
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
Interest Credited to Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	6
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
Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(5)	(3)
Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(293)	135
Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Fair value hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(3)	(10)
Fair value hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Fair value hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	(2)
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
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
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	37	(141)
Fair value hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	92	(214)
Fair value hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Fair Value Hedged Item \| Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	4	10
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	1	0
Fair Value Hedged Item \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0
Fair Value Hedged Item \| Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	4	7
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	3	5
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
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	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
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	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	(37)	147
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	6
Fair Value Hedged Item \| Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(95)	213
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(5)	(3)
Fair Value Hedged Item \| Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(20)	11
Cash flow hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	19	2
Cash flow hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Cash flow hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	82	70
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	(80)	79
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
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
Cash flow hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Cash flow hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(272)	136
Net investment hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Net investment hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Net investment hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
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
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
Net investment hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Net investment hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	(12)
Interest Rate \| Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	546	(877)
Interest Rate \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	267	(2,728)
Interest Rate \| Net 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
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
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
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
Interest Rate \| Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Interest Rate \| Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Interest Rate \| Fair value hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(3)	15
Interest Rate \| Fair value hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Interest Rate \| Fair value hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	(2)
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
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
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	37	(141)
Interest Rate \| Fair value hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	43	(158)
Interest Rate \| Fair value hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Interest Rate \| Fair Value Hedged Item \| Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	4	(15)
Interest Rate \| Fair Value Hedged Item \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0
Interest Rate \| Fair Value Hedged Item \| Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	3	4
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
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
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	(37)	147
Interest Rate \| Fair Value Hedged Item \| Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(48)	160
Interest Rate \| Fair Value Hedged Item \| Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0
Interest Rate \| Cash flow hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(22)	(5)
Interest Rate \| Cash flow hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Interest Rate \| Cash flow hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	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
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
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
Interest Rate \| Cash flow hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Interest Rate \| Cash flow hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	43	(58)
Currency \| Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(161)	(209)
Currency \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Net 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
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	1	(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
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
Currency \| Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Fair value hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	(25)
Currency \| Fair value hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Fair value hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	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
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
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
Currency \| Fair value hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	49	(56)
Currency \| Fair value hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Fair Value Hedged Item \| Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	25
Currency \| Fair Value Hedged Item \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0
Currency \| Fair Value Hedged Item \| Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	1	3
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
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
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
Currency \| Fair Value Hedged Item \| Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(47)	53
Currency \| Fair Value Hedged Item \| Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Other Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Interest Credited to Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(2)	(2)
Currency \| Amortization for gains (losses) excluded from assessment of the effectiveness \| Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(20)	11
Currency \| Cash flow hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	5	1
Currency \| Cash flow hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Cash flow hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
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
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
Currency \| Cash flow hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Cash flow hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(38)	30
Currency \| Net investment hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Net investment hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Net investment hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
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
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
Currency \| Net investment hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency \| Net investment hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	(12)
Currency/Interest Rate \| Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(28)	140
Currency/Interest Rate \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Net 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
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	(2)	1
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
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
Currency/Interest Rate \| Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Cash flow hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	36	6
Currency/Interest Rate \| Cash flow hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Cash flow hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	83	69
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	(80)	79
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
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
Currency/Interest Rate \| Cash flow hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Cash flow hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(277)	164
Currency/Interest Rate \| Net investment hedges \| Realized Investment Gains (Losses) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Net investment hedges \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Net investment hedges \| Net Investment Income \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	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
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
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
Currency/Interest Rate \| Net investment hedges \| Policyholders’ Benefits \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Currency/Interest Rate \| Net investment hedges \| Change in AOCI \| Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Credit \| Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	46	(37)
Credit \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Credit \| Net 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
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
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
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
Credit \| Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Credit \| Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Equity \| Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	189	111
Equity \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(238)	365
Equity \| Net 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
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
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
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
Equity \| Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Equity \| Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Other \| Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	1
Other \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Other \| Net 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
Other \| 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
Other \| 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
Other \| 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
Other \| Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Other \| Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Embedded Derivatives \| Realized Investment Gains (Losses) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(245)	258
Embedded Derivatives \| Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Embedded Derivatives \| Net 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
Embedded Derivatives \| 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
Embedded Derivatives \| 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
Embedded Derivatives \| 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
Embedded Derivatives \| Policyholders’ Benefits \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0
Embedded Derivatives \| Change in AOCI \| Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - Cash flow hedges in AOCI $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 2,616
Total amount recorded in AOCI	(251)
Amount reclassified from AOCI to income	(21)
Balance, ending	2,344
Interest Rate
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total amount recorded in AOCI	20
Amount reclassified from AOCI to income	23
Currency
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total amount recorded in AOCI	(33)
Amount reclassified from AOCI to income	(5)
Currency/Interest Rate
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total amount recorded in AOCI	(238)
Amount reclassified from AOCI to income	$ (39)

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments (Credit Derivatives) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Gross Notional	$ 6,773	$ 6,027
Credit Risk Derivative Liabilities, at Fair Value	(5)	(31)
Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
Credit Default Index
Derivative [Line Items]
Gross Notional	6,773	6,027
Credit Risk Derivative Liabilities, at Fair Value	$ (5)	(31)
Credit Default Swaps Referencing Indices
Derivative [Line Items]
Credit derivatives written max length of maturities (in years)	24 years
NAIC 1
Derivative [Line Items]
Gross Notional	$ 46	48
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 1 \| Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 1 \| Credit Default Index
Derivative [Line Items]
Gross Notional	46	48
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 2
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 2 \| Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 2 \| Credit Default Index
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 3
Derivative [Line Items]
Gross Notional	5,618	5,197
Credit Risk Derivative Liabilities, at Fair Value	(24)	(46)
NAIC 3 \| Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 3 \| Credit Default Index
Derivative [Line Items]
Gross Notional	5,618	5,197
Credit Risk Derivative Liabilities, at Fair Value	(24)	(46)
NAIC 4
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 4 \| Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 4 \| Credit Default Index
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 5
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 5 \| Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 5 \| Credit Default Index
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 6
Derivative [Line Items]
Gross Notional	1,109	782
Credit Risk Derivative Liabilities, at Fair Value	19	15
NAIC 6 \| Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 6 \| Credit Default Index
Derivative [Line Items]
Gross Notional	1,109	782
Credit Risk Derivative Liabilities, at Fair Value	$ 19	$ 15

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		Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value	[1]	$ 320,512	$ 307,719
Assets supporting experience-rated contractholder liabilities		2,958	2,844
Market risk benefit assets		976	800	[2]	$ 920
Fixed maturities, trading	[1]	6,269	5,951
Equity securities	[1]	7,573	7,150
Commercial mortgage and other loans	[1]	56,778	56,745
Other invested assets	[1]	21,491	21,099
Other assets	[1]	32,061	31,679	[2]
Separate account assets		202,294	197,679
TOTAL ASSETS		709,269	689,029
Market risk benefit liabilities		6,096	5,864	[2]	$ 8,079
Other liabilities	[1]	20,540	21,824	[2]
Total liabilities		676,822	657,481
Netting		(13,017)	(14,802)
Fixed Maturities, available-for-sale, Amortized Cost		338,604	335,447
Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		320,512	307,719
Assets supporting experience-rated contractholder liabilities		938	945
Fixed Maturities, available-for-sale, Amortized Cost		338,604	335,447
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, at fair value		27,066	26,069
Fixed Maturities, available-for-sale, Amortized Cost		29,054	29,372
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, at fair value		9,922	9,689
Fixed Maturities, available-for-sale, Amortized Cost		10,122	10,179
Foreign government bonds \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		77,127	73,226
Assets supporting experience-rated contractholder liabilities		658	668
Fixed Maturities, available-for-sale, Amortized Cost		75,080	74,103
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, at fair value		93,496	87,586
Fixed Maturities, available-for-sale, Amortized Cost		102,895	99,854
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, at fair value		37,445	36,879
Fixed Maturities, available-for-sale, Amortized Cost		39,661	39,867
Foreign public corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		21,039	20,687
Fixed Maturities, available-for-sale, Amortized Cost		22,167	22,235
Foreign private corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		28,548	27,660
Fixed Maturities, available-for-sale, Amortized Cost		32,706	32,755
Corporate securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		88	88
Asset-backed securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		12,989	12,851
Assets supporting experience-rated contractholder liabilities		0	0
Fixed Maturities, available-for-sale, Amortized Cost		13,035	12,972
Commercial mortgage-backed securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		10,412	10,655
Assets supporting experience-rated contractholder liabilities		0	0
Fixed Maturities, available-for-sale, Amortized Cost		11,251	11,497
Residential mortgage-backed securities \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		2,468	2,417
Assets supporting experience-rated contractholder liabilities		0	0
Fixed Maturities, available-for-sale, Amortized Cost		2,633	2,613
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		320,512	307,719
Assets supporting experience-rated contractholder liabilities		2,958	2,844
Market risk benefit assets		976	800
Fixed maturities, trading		6,269	5,951
Equity securities		7,573	7,150
Commercial mortgage and other loans		257	137
Other invested assets		2,245	1,993
Short-term investments		4,141	3,787
Cash equivalents		7,672	7,474
Other assets		535	152
Separate account assets		172,479	171,805
TOTAL ASSETS		525,617	509,812
Market risk benefit liabilities		6,096	5,864
Policyholders' account balances		4,244	3,492
Other liabilities		2,241	2,682
Total liabilities		12,581	12,038
Assets Netting		(13,017)	(14,802)
Liabilities Netting		(22,355)	(23,298)
Netting		(9,338)	(8,496)
Fair Value, Measurements, Recurring \| Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(13,017)	(14,802)
Fair Value, Measurements, Recurring \| Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities Netting		(22,355)	(23,298)
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, at fair value		27,066	26,069
Assets supporting experience-rated contractholder liabilities		192	189
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, at fair value		9,922	9,689
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, at fair value		77,127	73,226
Assets supporting experience-rated contractholder liabilities		658	668
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, at fair value		93,496	87,586
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, at fair value		37,445	36,879
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, at fair value		21,039	20,687
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, at fair value		28,548	27,660
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	88
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, at fair value		12,989	12,851
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, at fair value		10,412	10,655
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, at fair value		2,468	2,417
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		2,020	1,899
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	0
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		855	780
Market risk benefit assets		0	0
Fixed maturities, trading		0	0
Equity securities		4,508	4,338
Commercial mortgage and other loans		0	0
Other invested assets		70	15
Short-term investments		336	341
Cash equivalents		681	544
Other assets		0	0
Separate account assets		10,299	8,310
TOTAL ASSETS		16,749	14,328
Market risk benefit liabilities		0	0
Policyholders' account balances		0	0
Other liabilities		35	26
Total liabilities		35	26
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, at 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, at 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, at 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, at 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, at 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, at 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, at 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, at 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, at 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, at 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		855	780
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	0
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		315,117	302,557
Assets supporting experience-rated contractholder liabilities		2,103	2,064
Market risk benefit assets		0	0
Fixed maturities, trading		5,930	5,647
Equity securities		2,264	2,185
Commercial mortgage and other loans		257	137
Other invested assets		14,389	16,241
Short-term investments		3,789	3,428
Cash equivalents		6,991	6,930
Other assets		368	0
Separate account assets		161,011	162,414
TOTAL ASSETS		512,219	501,603
Market risk benefit liabilities		0	0
Policyholders' account balances		0	0
Other liabilities		24,560	25,953
Total liabilities		24,560	25,953
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, at fair value		27,066	26,069
Assets supporting experience-rated contractholder liabilities		192	189
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, at fair value		9,915	9,682
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, at fair value		77,118	73,218
Assets supporting experience-rated contractholder liabilities		658	668
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, at fair value		93,430	87,521
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, at fair value		35,106	34,487
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, at fair value		20,971	20,621
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, at fair value		27,080	26,325
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	88
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, at fair value		12,604	12,582
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, at fair value		9,368	9,644
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, at fair value		2,459	2,408
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		1,165	1,119
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	0
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		5,395	5,162
Assets supporting experience-rated contractholder liabilities		0	0
Market risk benefit assets		976	800
Fixed maturities, trading		339	304
Equity securities		801	627
Commercial mortgage and other loans		0	0
Other invested assets		803	539
Short-term investments		16	18
Cash equivalents		0	0
Other assets		167	152
Separate account assets		1,169	1,081
TOTAL ASSETS		9,666	8,683
Market risk benefit liabilities		6,096	5,864
Policyholders' account balances		4,244	3,492
Other liabilities		1	1
Total liabilities		10,341	9,357
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, at 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, at fair value		7	7
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, at fair value		9	8
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, at fair value		66	65
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, at fair value		2,339	2,392
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, at fair value		68	66
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, at fair value		1,468	1,335
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, at fair value		385	269
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, at fair value		1,044	1,011
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, at fair value		9	9
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, at fair value		8,040	8,040
Fixed Maturities, available-for-sale, Amortized Cost		8,040	8,040
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		3,872	3,689
Separate account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		$ 29,815	$ 25,874

[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets	$ 976	$ 800	[1]	$ 920
Market risk benefit liabilities	6,096	5,864	[1]	$ 8,079
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets	976	800
Market risk benefit liabilities	6,096	5,864
Policyholders' account balances	$ 4,244	3,492
Level 3 \| Minimum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value inputs, policyholder age	50 years
Level 3 \| Minimum \| Market risk benefit liabilities
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]
Market risk benefit assets	$ 976	800
Market risk benefit liabilities	6,096	5,864
Policyholders' account balances	$ 4,244	$ 3,492
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.52%	0.50%
Utilization rate	38%	38%
Withdrawal rate (greater than maximum range)	77%	77%
Mortality rate	0%	0%
Equity volatility curve	18%	18%
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	0.27%	0.17%
Mortality rate	0%	0%
Equity volatility curve	6%	6%
Option budget	(2.00%)	(2.00%)
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.53%	0.61%
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.60%
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.52%	0.50%
Utilization rate	38%	38%
Withdrawal rate (greater than maximum range)	77%	77%
Mortality rate	0%	0%
Equity volatility curve	18%	18%
Level 3 \| Internal \| Minimum \| Discounted cash flow \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.20%	0.20%
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%
Level 3 \| Internal \| Minimum \| Market comparables \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	0	2.2
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	8.56%	8.16%
Level 3 \| Internal \| Minimum \| Net asset value \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	6	6
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20%	20%
Spread over SOFR	2.20%	2.20%
Utilization rate	95%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	26%
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	80%	80%
Spread over SOFR	2.34%	1.93%
Mortality rate	23%	23%
Equity volatility curve	30%	30%
Option budget	6%	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 \| Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.75%
Level 3 \| Internal \| Maximum \| Discounted cash flow \| Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20%	20%
Spread over SOFR	2.20%	2.20%
Utilization rate	95%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	26%
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%
Level 3 \| Internal \| Maximum \| Market comparables \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	0	23.5
Level 3 \| Internal \| Maximum \| Market comparables \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	7	7.5
Level 3 \| Internal \| Maximum \| Liquidation \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	82.86%	8.25%
Level 3 \| Internal \| Maximum \| Net asset value \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	1,708	1,708
Level 3 \| Internal \| Weighted Average \| Discounted cash flow \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	7.66%	8.09%
Level 3 \| Internal \| Weighted Average \| Discounted cash flow \| Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.70%
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%
Level 3 \| Internal \| Weighted Average \| Market comparables \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	0	8.3
Level 3 \| Internal \| Weighted Average \| Market comparables \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	3.5	4
Level 3 \| Internal \| Weighted Average \| Liquidation \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	72.41%	8.21%
Level 3 \| Internal \| Weighted Average \| Net asset value \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	543	22
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit liabilities	$ 6,096	$ 5,864
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders' account balances	4,244	3,492
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	3,302	3,128
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Commercial mortgage-backed securities	969
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets	976	800
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Equity securities	$ 285	290
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
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Minimum \| Discounted cash flow \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate, equity securities	10%
Level 3 \| Internal \| Fair Value, Measurements, Recurring \| Maximum \| Discounted cash flow \| Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate, equity securities	20%

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 627	$ 799
Purchases	7	11
Sales	(59)	(122)
Issuances	0	0
Settlements	(6)	(2)
Other	215	(9)
Transfers into Level 3	1	73
Transfers out of Level 3	(1)	0
Fair Value, end of period	801	772
Total gains (losses) (realized/unrealized):
Included in earnings	17	22
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(1)
Equity securities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	17	22
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(1)
Equity securities \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	539	493
Purchases	270	21
Sales	(7)	(17)
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	803	504
Total gains (losses) (realized/unrealized):
Included in earnings	1	7
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	7
Other invested assets \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	(3)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(3)
Other invested assets \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	1	10
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	10
Other invested assets \| Interest credited to policyholders’ account balances
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 \| Included in other comprehensive income (loss)
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 \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	18	330
Purchases	3	1
Sales	0	0
Issuances	0	0
Settlements	(7)	(118)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	16	213
Total gains (losses) (realized/unrealized):
Included in earnings	2	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	2	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	70
Purchases	0	7
Sales	0	0
Issuances	0	0
Settlements	0	(73)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	2
Total gains (losses) (realized/unrealized):
Included in earnings	0	(2)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(2)
Cash equivalents \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	(2)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(2)
Cash equivalents \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Cash equivalents \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Cash equivalents \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Cash equivalents \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	152	54
Purchases	35	4
Sales	0	0
Issuances	0	0
Settlements	(2)	(2)
Other	0	76
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	167	139
Total gains (losses) (realized/unrealized):
Included in earnings	(18)	7
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(17)	5
Other assets \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(18)	7
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(17)	5
Other assets \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Separate accounts assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,081	1,283
Purchases	143	32
Sales	(67)	(11)
Issuances	0	0
Settlements	(26)	(3)
Other	0	(1)
Transfers into Level 3	0	0
Transfers out of Level 3	(1)	0
Fair Value, end of period	1,169	1,254
Total gains (losses) (realized/unrealized):
Included in earnings	39	(46)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	37	(48)
Separate accounts assets \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Separate accounts assets \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Separate accounts assets \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	39	(47)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	37	(48)
Separate accounts assets \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Separate accounts assets \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	1
Policyholders’ account balances
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(3,492)	(1,436)
Purchases	0	0
Sales	0	0
Issuances	(401)	(133)
Settlements	0	0
Other	(100)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(4,244)	(1,402)
Total gains (losses) (realized/unrealized):
Included in earnings	(251)	167
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(442)	493
Policyholders’ account balances \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(251)	167
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(442)	493
Policyholders’ account balances \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders’ account balances \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders’ account balances \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders’ account balances \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(1)	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	(1)	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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other liabilities \| Other income (loss)
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 \| Interest credited to policyholders’ account balances
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 \| Included in other comprehensive income (loss)
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 \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Fixed maturities, available-for-sale \| Fixed maturities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(3)	(76)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	7	(79)
Fixed maturities, available-for-sale \| Fixed maturities \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, available-for-sale \| Fixed maturities \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, available-for-sale \| Fixed maturities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(24)	(453)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(22)	(440)
Fixed maturities, available-for-sale \| Fixed maturities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	1	2
Fixed maturities, available-for-sale \| Fixed maturities \| U.S. government
Fair Value, Assets and Liabilities 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
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, available-for-sale \| Fixed maturities \| U.S. states
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	7	8
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	7	8
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, available-for-sale \| Fixed maturities \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	8	10
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	1	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	9	10
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, available-for-sale \| Fixed maturities \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	3,858	5,316
Purchases	527	244
Sales	(128)	(24)
Issuances	0	0
Settlements	(323)	(147)
Other	(2)	(10)
Transfers into Level 3	0	8
Transfers out of Level 3	0	0
Fair Value, end of period	3,941	5,005
Total gains (losses) (realized/unrealized):
Included in earnings	9	(382)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	21	(373)
Fixed maturities, available-for-sale \| Fixed maturities \| Structured securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,289	1,986
Purchases	240	85
Sales	(1)	(17)
Issuances	0	0
Settlements	(12)	(20)
Other	0	(3)
Transfers into Level 3	37	6
Transfers out of Level 3	(80)	(140)
Fair Value, end of period	1,438	1,752
Total gains (losses) (realized/unrealized):
Included in earnings	(35)	(145)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(36)	(146)
Fixed maturities, trading \| Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	304	421
Purchases	33	10
Sales	0	(29)
Issuances	0	0
Settlements	(4)	(16)
Other	1	4
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	339	378
Total gains (losses) (realized/unrealized):
Included in earnings	5	(12)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	3	(12)
Fixed maturities, trading \| Fixed maturities \| Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, trading \| Fixed maturities \| Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	4	(12)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	3	(12)
Fixed maturities, trading \| Fixed maturities \| Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, trading \| Fixed maturities \| Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Fixed maturities, trading \| Fixed maturities \| Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 1	$ 0

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	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 1,443	$ 1,455
Netting	(13,017)	(14,802)
Total derivative liabilities	2,274	3,055
Netting	(22,355)	(23,298)
Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	8,037	9,422
Total derivative liabilities	20,485	21,831
Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,680	1,711
Total derivative liabilities	2,016	2,186
Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	38	27
Total derivative liabilities	44	57
Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,865	4,282
Total derivative liabilities	464	503
Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	840	815
Total derivative liabilities	1,620	1,776
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	69	14
Total derivative liabilities	35	26
Level 1 \| Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	62	13
Total derivative liabilities	16	24
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	7	1
Total derivative liabilities	19	2
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	14,390	16,242
Total derivative liabilities	24,593	26,326
Level 2 \| Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	7,974	9,408
Total derivative liabilities	20,468	21,806
Level 2 \| Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,680	1,711
Total derivative liabilities	2,016	2,186
Level 2 \| Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	38	27
Total derivative liabilities	44	57
Level 2 \| Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,865	4,282
Total derivative liabilities	464	503
Level 2 \| Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	833	814
Total derivative liabilities	1,601	1,774
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	1
Total derivative liabilities	1	1
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	1
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	0
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 of Assets and Liab_7

Fair Value of Assets and Liabilities (Changes in Level 3 Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Derivative- Equity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	$ 0	$ 1
Total gains (losses) (realized/unrealized):
Included in earnings	0	1
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	2
Unrealized Gain (Loss) for assets still held
Included in earnings	0	1
Net Derivative- Interest Rate
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	0	1
Total gains (losses) (realized/unrealized):
Included in earnings	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	1
Unrealized Gain (Loss) for assets still held
Included in earnings	$ 0	$ 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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	$ 0	$ 3
Carrying value after measurement as of period end	0		$ 77
Investment real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	0	0
Carrying value after measurement as of period end	0		112
Investment in JV/LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	(17)	$ 0
Carrying value after measurement as of period end	19		64
Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value after measurement as of period end	$ 0		$ 177

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		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans	[1]	$ 56,778		$ 56,745
Other assets	[1]	32,061		31,679	[2]
Commercial mortgage and other loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest income		1	$ 4
Fair value option loans in non-accrual status		0
Fair value option loans in more than 90 days past due and still accruing		0
Fair value option
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		257		137
Other assets		11		11
Fair value option, aggregate contractual principal
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		$ 253		$ 136

[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

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		Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022
Assets:
Fixed maturities, held-to-maturity	[1]	$ 1,277		$ 1,296
Assets supporting experience-rated contractholder liabilities		2,958		2,844
Commercial mortgage and other loans	[1]	56,778		56,745
Policy loans		10,041		10,046
Other invested assets	[1]	21,491		21,099
Cash and cash equivalents		17,425	[1]	17,251	[1]	$ 14,086
Accrued investment income	[1]	3,095		3,012
Liabilities:
Securities sold under agreements to repurchase		6,617		6,589
Cash collateral for loaned securities		5,975		6,100
Short-term debt		705		775
Long-term debt		20,451		19,908
Fair Value
Assets:
Fixed maturities, held-to-maturity		1,449		1,455
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		53,111		52,342
Policy loans		10,041		10,046
Other invested assets		102		102
Short-term investments		1,036		804
Cash and cash equivalents		9,753		9,777
Accrued investment income		3,095		3,012
Other assets		3,784		3,731
Total assets		82,371		81,269
Liabilities:
Policyholders’ account balances—investment contracts		67,587		66,602
Securities sold under agreements to repurchase		6,617		6,589
Cash collateral for loaned securities		5,975		6,100
Short-term debt		705		777
Long-term debt		19,203		18,664
Notes issued by consolidated VIEs		415		374
Other liabilities		7,153		7,981
Separate account liabilities—investment contracts		52,759		53,005
Total liabilities		160,414		160,092
Carrying Amount
Assets:
Fixed maturities, held-to-maturity		1,277		1,296
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		56,521		56,608
Policy loans		10,041		10,046
Other invested assets		102		102
Short-term investments		1,036		804
Cash and cash equivalents		9,753		9,777
Accrued investment income		3,095		3,012
Other assets		3,783		3,731
Total assets		85,608		85,376
Liabilities:
Policyholders’ account balances—investment contracts		71,109		70,722
Securities sold under agreements to repurchase		6,617		6,589
Cash collateral for loaned securities		5,975		6,100
Short-term debt		705		775
Long-term debt		20,451		19,908
Notes issued by consolidated VIEs		415		374
Other liabilities		7,153		7,981
Separate account liabilities—investment contracts		52,759		53,005
Total liabilities		165,184		165,454
Level 1 \| Fair Value
Assets:
Fixed maturities, held-to-maturity		0		0
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		0		0
Policy loans		6		5
Other invested assets		0		0
Short-term investments		942		715
Cash and cash equivalents		9,041		9,388
Accrued investment income		0		0
Other assets		48		48
Total assets		10,037		10,156
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		561		550
Notes issued by consolidated VIEs		0		0
Other liabilities		0		0
Separate account liabilities—investment contracts		0		0
Total liabilities		561		550
Level 2 \| Fair Value
Assets:
Fixed maturities, held-to-maturity		1,449		1,455
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		47		46
Policy loans		0		0
Other invested assets		102		102
Short-term investments		94		89
Cash and cash equivalents		712		389
Accrued investment income		3,095		3,012
Other assets		2,751		2,929
Total assets		8,250		8,022
Liabilities:
Policyholders’ account balances—investment contracts		31,743		31,665
Securities sold under agreements to repurchase		6,617		6,589
Cash collateral for loaned securities		5,975		6,100
Short-term debt		607		613
Long-term debt		17,810		17,324
Notes issued by consolidated VIEs		0		0
Other liabilities		7,132		7,970
Separate account liabilities—investment contracts		28,281		27,735
Total liabilities		98,165		97,996
Level 3 \| Fair Value
Assets:
Fixed maturities, held-to-maturity		0		0
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		53,064		52,296
Policy loans		10,035		10,041
Other invested assets		0		0
Short-term investments		0		0
Cash and cash equivalents		0		0
Accrued investment income		0		0
Other assets		985		754
Total assets		64,084		63,091
Liabilities:
Policyholders’ account balances—investment contracts		35,844		34,937
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		98		164
Long-term debt		832		790
Notes issued by consolidated VIEs		415		374
Other liabilities		21		11
Separate account liabilities—investment contracts		24,478		25,270
Total liabilities		61,688		61,546
Prudential Netting Agreement \| Fair Value
Assets:
Fixed maturities, held-to-maturity		4,250		4,250
Liabilities:
Long-term debt		12,290		12,290
Prudential Netting Agreement \| Carrying Amount
Assets:
Fixed maturities, held-to-maturity		4,250		4,250
Liabilities:
Long-term debt		$ 12,290		$ 12,290

[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		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	[1]	$ 20,546
Amortization expense		(365)	$ (371)	[2]
Balance, EOP		20,741	19,868
Reclassified to “Assets held-for-sale"			(1,180)
Total
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		20,400	20,743
Capitalization		548	574
Amortization expense		(367)	(380)
Other adjustments		5	6
Foreign currency adjustment		(11)	(124)
Balance, EOP		20,575	20,819
Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, EOP		166	229
Individual Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Reclassified to “Assets held-for-sale"			1,084
Full Services Retirement
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Reclassified to “Assets held-for-sale"			96
Individual Variable \| Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		4,171	4,872
Capitalization		59	79
Amortization expense		(98)	(108)
Other adjustments		0	0
Foreign currency adjustment		0	0
Balance, EOP		4,132	4,843
Term Life \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		2,288	2,372
Capitalization		33	34
Amortization expense		(53)	(52)
Other adjustments		0	0
Foreign currency adjustment		0	0
Balance, EOP		2,268	2,354
Variable/ Universal Life \| Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		5,000	4,679
Capitalization		142	141
Amortization expense		(60)	(61)
Other adjustments		0	0
Foreign currency adjustment		0	0
Balance, EOP		5,082	4,759
Life Planner \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		4,710	4,685
Capitalization		159	168
Amortization expense		(81)	(83)
Other adjustments		5	6
Foreign currency adjustment		2	(54)
Balance, EOP		4,795	4,722
Gibraltar Life and Other \| International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP		4,231	4,135
Capitalization		155	152
Amortization expense		(75)	(76)
Other adjustments		0	0
Foreign currency adjustment		(13)	(70)
Balance, EOP		$ 4,298	$ 4,141

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs (Balance of and Changes in DSI) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Movement in Deferred Sales Inducements [Roll Forward]
Balance, EOP	$ 472	$ 485
Individual Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP	446	799
Capitalization	2	1
Amortization expense	(10)	(17)
Reclassified to "Assets held-for-sale"	0	(335)
Balance, EOP	438	783
Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, EOP	$ 34	$ 37

Deferred Policy Acquisition C_5

Deferred Policy Acquisition Costs (Balance of and Changes in VOBA) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, BOP	[1]	$ 621
Reclassified to "Assets held-for-sale"		0	$ (201)
Balance, EOP		601	723
Gibraltar Life and Other
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		578
Gibraltar BSN Life Berhad
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		1
Aoba Life
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		22
Gibraltar Life and Other
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, BOP		597	746
Amortization expense		(14)	(17)
Foreign currency adjustment		(5)	(36)
Balance, EOP		578	693
Other businesses
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		$ 23	231
Individual Retirement Strategies
Movement in Present Value of Future Insurance Profits [Roll Forward]
Reclassified to "Assets held-for-sale"			26
Full Services Retirement
Movement in Present Value of Future Insurance Profits [Roll Forward]
Reclassified to "Assets held-for-sale"			$ 175

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Deferred Policy Acquisition C_6

Deferred Policy Acquisition Costs (Estimated Future VOBA Amortization, Net of Interest) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	[1]	Mar. 31, 2022	Jan. 01, 2021
Deferred Charges, Insurers [Abstract]
Estimated future VOBA amortization - 2023 (April-December)	$ 42
Estimated future VOBA amortization - 2024	51
Estimated future VOBA amortization - 2025	46
Estimated future VOBA amortization - 2026	42
Estimated future VOBA amortization - 2027	38
Estimated future VOBA amortization - Thereafter	382
Value of business acquired	$ 601	$ 621		$ 723	$ 1,163

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Separate Accounts (Separate Acc

Separate Accounts (Separate Account Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 202,294	$ 197,679
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,353	5,208
Obligations of U.S. states and their political subdivisions
Fair Value, Separate Account Investment [Line Items]
Separate account assets	2,100	2,006
Foreign government bonds
Fair Value, Separate Account Investment [Line Items]
Separate account assets	150	120
U.S. corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	13,488	13,135
Foreign corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	3,329	3,261
Asset-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,154	1,131
Mortgage-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	15,229	14,653
Equity
Fair Value, Separate Account Investment [Line Items]
Separate account assets	83,917	82,781
Fixed Income
Fair Value, Separate Account Investment [Line Items]
Separate account assets	39,529	38,109
Other
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,332	3,797
Equity securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,100	5,177
Commercial mortgage and other loans
Fair Value, Separate Account Investment [Line Items]
Separate account assets	73	74
Other invested assets
Fair Value, Separate Account Investment [Line Items]
Separate account assets	23,307	24,590
Short-term investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,250	1,306
Cash and cash equivalents
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 2,983	$ 2,331

Separate Accounts (Separate A_2

Separate Accounts (Separate Account Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Separate Account, Liability [Roll Forward]
Separate account liabilities	$ 202,294	$ 229,621	$ 197,679
Cash surrender value	201,238
Total
Separate Account, Liability [Roll Forward]
Separate account liabilities	205,941	263,009	201,322	$ 281,516
Deposits	2,097	3,083
Investment performance	7,895	(14,053)
Policy charges	(922)	(1,165)
Surrenders and withdrawals	(3,522)	(8,600)
Benefit payments	(1,191)	(1,208)
Net transfers (to) from general account	260	(2,541)
Other	522	895
Cash surrender value		257,783
Corporate and Other
Separate Account, Liability [Roll Forward]
Separate account liabilities	(3,647)	57,293
Reclassified to "Liabilities held-for-sale"		(90,681)
PGIM
Separate Account, Liability [Roll Forward]
Separate account liabilities	39,261	41,484	40,056	42,020
Deposits	1,279	1,832
Investment performance	174	637
Policy charges	(21)	(26)
Surrenders and withdrawals	(1,012)	(2,393)
Benefit payments	(857)	(815)
Net transfers (to) from general account	168	(5)
Other	(190)	224
Cash surrender value	39,261	41,484
Institutional Retirement Strategies \| Individual Retirement Strategies
Separate Account, Liability [Roll Forward]
Separate account liabilities	11,862	13,490	11,428	14,064
Deposits	51	326
Investment performance	454	(906)
Policy charges	(3)	(4)
Surrenders and withdrawals	(45)	(2,708)
Benefit payments	(137)	(149)
Net transfers (to) from general account	14	(2,839)
Other	128	28
Cash surrender value	11,862	13,490
Individual Retirement Strategies \| Individual Retirement Strategies
Separate Account, Liability [Roll Forward]
Separate account liabilities	95,206	144,581	93,395	158,546
Deposits	94	259
Investment performance	4,627	(9,867)
Policy charges	(594)	(833)
Surrenders and withdrawals	(2,285)	(3,320)
Benefit payments	(23)	(39)
Net transfers (to) from general account	11	167
Other	3	2
Cash surrender value	93,618	142,391
Individual Retirement Strategies \| Corporate and Other
Separate Account, Liability [Roll Forward]
Reclassified to "Liabilities held-for-sale"		(29,427)
Group Insurance
Separate Account, Liability [Roll Forward]
Separate account liabilities	24,661	25,937	23,513	27,097
Deposits	6	55
Investment performance	702	(1,708)
Policy charges	(42)	(52)
Surrenders and withdrawals	(2)	(2)
Benefit payments	(77)	(85)
Net transfers (to) from general account	0	(18)
Other	561	614
Cash surrender value	24,542	25,809
Individual Life
Separate Account, Liability [Roll Forward]
Separate account liabilities	34,951	37,517	$ 32,930	$ 39,789
Deposits	667	611
Investment performance	1,938	(2,209)
Policy charges	(262)	(250)
Surrenders and withdrawals	(178)	(177)
Benefit payments	(97)	(120)
Net transfers (to) from general account	67	154
Other	20	27
Cash surrender value	$ 31,955	34,609
Full Services Retirement \| Corporate and Other
Separate Account, Liability [Roll Forward]
Reclassified to "Liabilities held-for-sale"		$ (61,254)

Liability For Future Policy B_3

Liability For Future Policy Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Total balance, EOP	$ 129,760	$ 147,191
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Liability for Future Policy Benefit, Derecognition		(254)
Balance after transition, at current discount rate	323,148	366,761
Balance, EOP, post-flooring	221,628	244,488
Balance after transition, net of reinsurance recoverable	192,293	218,842
Other Businesses
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Total balance, EOP	92	106
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate	1,952	2,458
Less: Reinsurance recoverable	74	5
Balance after transition, net of reinsurance recoverable	1,786	2,347
Total
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	126,474	162,679
Balance at original discount rate	144,713	144,800	$ 144,178	$ 148,974
Adjusted balance, BOP	143,995	148,907
Effect of actual variances from expected experience and other activity			(183)	(67)
Issuances	4,165	2,705
Net premiums / considerations collected	(6,324)	(4,605)
Interest accrual	1,124	1,046
Foreign currency adjustment	1,716	(3,301)
Other adjustments	37	48
Effect of cumulative changes in discount rate assumption	(15,045)	2,285	17,704	(13,705)
Total balance, EOP	129,668	147,085
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	306,697	405,579
Effect of cumulative changes in discount rate assumptions	(25,776)	22,533	37,383	(57,094)
Balance at original discount rate	346,972	342,024	344,080	348,485
Effect of actual variances from expected experience and other activity			(194)	(150)
Adjusted balance, BOP			343,886	348,335
Issuances	4,165	2,705
Interest accrual	2,836	2,683
Benefit payments	(5,360)	(4,745)
Foreign currency adjustment	1,313	(6,811)
Other adjustments	132	(143)
Balance after transition, at current discount rate	321,196	364,557
Balance, EOP, pre-flooring	191,528	217,471
Flooring impact, EOP	41	184
Balance, EOP, post-flooring	191,569	217,655
Less: Reinsurance recoverable	1,062	906
Balance after transition, net of reinsurance recoverable	190,507	216,749
Term Life \| Individual Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	11,282	12,971
Balance at original discount rate	11,759	11,079	11,854	11,079
Adjusted balance, BOP	11,837	11,141
Effect of actual variances from expected experience and other activity			(17)	62
Issuances	143	144
Net premiums / considerations collected	(353)	(322)
Interest accrual	136	126
Foreign currency adjustment	0	0
Other adjustments	(4)	(10)
Effect of cumulative changes in discount rate assumption	(321)	884	572	(1,892)
Total balance, EOP	11,438	11,963
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	19,288	22,768
Effect of cumulative changes in discount rate assumptions	(490)	1,922	1,012	(3,876)
Balance at original discount rate	20,243	18,890	20,300	18,892
Effect of actual variances from expected experience and other activity			(24)	79
Adjusted balance, BOP			20,276	18,971
Issuances	143	144
Interest accrual	237	220
Benefit payments	(406)	(430)
Foreign currency adjustment	0	0
Other adjustments	(7)	(15)
Balance after transition, at current discount rate	19,753	20,812
Balance, EOP, pre-flooring	8,315	8,849
Flooring impact, EOP	0	6
Balance, EOP, post-flooring	8,315	8,855
Less: Reinsurance recoverable	728	498
Balance after transition, net of reinsurance recoverable	7,587	8,357
Term Life \| Individual Life \| Gross Basis
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Net premiums / considerations collected	461	473
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	101	94
Undiscounted expected future gross premiums	23,352	25,246
Discounted expected future gross premiums (at original discount rate)	15,526	16,519
Discounted expected future gross premiums (at current discount rate)	15,119	17,913
Undiscounted expected future benefits and expenses	$ 31,258	$ 29,127
Weighted-average duration of the liability in years (at original discount rate)	10 years	10 years
Weighted-average duration of the liability in years (at current discount rate)	10 years	10 years
Weighted-average interest rate (at original discount rate)	5.20%	5.23%
Weighted-average interest rate (at current discount rate)	5.05%	3.54%
Life Planner \| International Businesses
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 30,689	$ 39,517
Balance at original discount rate	31,558	35,161	32,043	36,001
Adjusted balance, BOP	31,850	35,805
Effect of actual variances from expected experience and other activity			(193)	(196)
Issuances	647	1,020
Net premiums / considerations collected	(1,178)	(1,317)
Interest accrual	230	248
Foreign currency adjustment	(31)	(652)
Other adjustments	40	57
Effect of cumulative changes in discount rate assumption	(618)	1,742	1,354	(3,516)
Total balance, EOP	30,940	36,903
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	78,639	109,562
Effect of cumulative changes in discount rate assumptions	244	12,837	3,719	(21,554)
Balance at original discount rate	82,484	86,904	82,358	88,008
Effect of actual variances from expected experience and other activity			(167)	(222)
Adjusted balance, BOP			82,191	87,786
Issuances	647	1,020
Interest accrual	663	690
Benefit payments	(947)	(752)
Foreign currency adjustment	(163)	(1,963)
Other adjustments	93	123
Balance after transition, at current discount rate	82,728	99,741
Balance, EOP, pre-flooring	51,789	62,837
Flooring impact, EOP	26	12
Balance, EOP, post-flooring	51,815	62,849
Less: Reinsurance recoverable	112	150
Balance after transition, net of reinsurance recoverable	51,703	62,699
Life Planner \| International Businesses \| Gross Basis
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Net premiums / considerations collected	1,867	2,090
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	433	442
Undiscounted expected future gross premiums	73,474	79,809
Discounted expected future gross premiums (at original discount rate)	56,950	62,269
Discounted expected future gross premiums (at current discount rate)	56,318	65,801
Undiscounted expected future benefits and expenses	$ 147,802	$ 156,307
Weighted-average duration of the liability in years (at original discount rate)	20 years	21 years
Weighted-average duration of the liability in years (at current discount rate)	20 years	22 years
Weighted-average interest rate (at original discount rate)	3.41%	3.39%
Weighted-average interest rate (at current discount rate)	2.82%	2.04%
Gibraltar Life and Other \| International Businesses
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 28,951	$ 37,815
Balance at original discount rate	29,567	33,468	30,277	34,576
Adjusted balance, BOP	30,118	34,575
Effect of actual variances from expected experience and other activity			(159)	(1)
Issuances	443	808
Net premiums / considerations collected	(1,079)	(1,285)
Interest accrual	204	229
Foreign currency adjustment	(120)	(860)
Other adjustments	1	1
Effect of cumulative changes in discount rate assumption	(611)	1,560	1,326	(3,239)
Total balance, EOP	28,956	35,028
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	80,331	114,846
Effect of cumulative changes in discount rate assumptions	(7,214)	4,806	11,266	(13,476)
Balance at original discount rate	90,885	98,755	91,597	101,370
Effect of actual variances from expected experience and other activity			(154)	(2)
Adjusted balance, BOP			91,443	101,368
Issuances	443	808
Interest accrual	585	631
Benefit payments	(1,152)	(1,042)
Foreign currency adjustment	(432)	(3,005)
Other adjustments	(2)	(5)
Balance after transition, at current discount rate	83,671	103,561
Balance, EOP, pre-flooring	54,715	68,533
Flooring impact, EOP	11	2
Balance, EOP, post-flooring	54,726	68,535
Less: Reinsurance recoverable	222	258
Balance after transition, net of reinsurance recoverable	54,504	68,277
Gibraltar Life and Other \| International Businesses \| Gross Basis
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Net premiums / considerations collected	1,767	2,076
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	381	402
Undiscounted expected future gross premiums	62,903	70,516
Discounted expected future gross premiums (at original discount rate)	49,872	56,128
Discounted expected future gross premiums (at current discount rate)	49,016	58,875
Undiscounted expected future benefits and expenses	$ 154,197	$ 165,525
Weighted-average duration of the liability in years (at original discount rate)	20 years	20 years
Weighted-average duration of the liability in years (at current discount rate)	18 years	20 years
Weighted-average interest rate (at original discount rate)	2.52%	2.46%
Weighted-average interest rate (at current discount rate)	2.69%	1.96%
Long- Term Care \| Corporate and Other
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 2,932	$ 3,585
Balance at original discount rate	3,040	2,915	3,035	2,941
Adjusted balance, BOP	3,080	2,950
Effect of actual variances from expected experience and other activity			45	9
Issuances	0	0
Net premiums / considerations collected	(77)	(70)
Interest accrual	37	35
Foreign currency adjustment	0	0
Other adjustments	0	0
Effect of cumulative changes in discount rate assumption	(30)	339	103	(644)
Total balance, EOP	3,010	3,254
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	10,685	15,810
Effect of cumulative changes in discount rate assumptions	(738)	2,188	1,216	(4,482)
Balance at original discount rate	12,037	11,415	11,901	11,328
Effect of actual variances from expected experience and other activity			53	9
Adjusted balance, BOP			11,954	11,337
Issuances	0	0
Interest accrual	143	135
Benefit payments	(60)	(57)
Foreign currency adjustment	0	0
Other adjustments	0	0
Balance after transition, at current discount rate	11,299	13,603
Balance, EOP, pre-flooring	8,288	10,349
Flooring impact, EOP	0	0
Balance, EOP, post-flooring	8,288	10,349
Less: Reinsurance recoverable	0	0
Balance after transition, net of reinsurance recoverable	8,288	10,349
Long- Term Care \| Corporate and Other \| Gross Basis
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Net premiums / considerations collected	114	112
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	106	100
Undiscounted expected future gross premiums	6,901	7,177
Discounted expected future gross premiums (at original discount rate)	4,507	4,608
Discounted expected future gross premiums (at current discount rate)	4,467	5,135
Undiscounted expected future benefits and expenses	$ 29,713	$ 29,361
Weighted-average duration of the liability in years (at original discount rate)	18 years	19 years
Weighted-average duration of the liability in years (at current discount rate)	18 years	20 years
Weighted-average interest rate (at original discount rate)	4.91%	4.90%
Weighted-average interest rate (at current discount rate)	5.34%	3.88%
Institutional \| Retirement Strategies
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 52,620	$ 68,791
Balance at original discount rate	68,789	62,177	66,969	64,377
Adjusted balance, BOP	67,110	64,436
Effect of actual variances from expected experience and other activity			141	59
Issuances	2,932	733
Net premiums / considerations collected	(3,637)	(1,611)
Interest accrual	517	408
Foreign currency adjustment	1,867	(1,789)
Other adjustments	0	0
Effect of cumulative changes in discount rate assumption	(13,465)	(2,240)	14,349	(4,414)
Total balance, EOP	55,324	59,937
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	117,754	142,593
Effect of cumulative changes in discount rate assumptions	(17,578)	780	20,170	(13,706)
Balance at original discount rate	141,323	126,060	137,924	128,887
Effect of actual variances from expected experience and other activity			98	(14)
Adjusted balance, BOP			$ 138,022	$ 128,873
Issuances	2,932	732
Interest accrual	1,208	1,007
Benefit payments	(2,795)	(2,464)
Foreign currency adjustment	1,908	(1,843)
Other adjustments	48	(245)
Balance after transition, at current discount rate	123,745	126,840
Balance, EOP, pre-flooring	68,421	66,903
Flooring impact, EOP	4	164
Balance, EOP, post-flooring	68,425	67,067
Less: Reinsurance recoverable	0	0
Balance after transition, net of reinsurance recoverable	68,425	67,067
Institutional \| Retirement Strategies \| Gross Basis
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Net premiums / considerations collected	3,892	1,713
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	691	599
Undiscounted expected future gross premiums	106,074	92,821
Discounted expected future gross premiums (at original discount rate)	74,439	67,418
Discounted expected future gross premiums (at current discount rate)	59,863	65,100
Undiscounted expected future benefits and expenses	$ 215,874	$ 189,797
Weighted-average duration of the liability in years (at original discount rate)	8 years	9 years
Weighted-average duration of the liability in years (at current discount rate)	8 years	9 years
Weighted-average interest rate (at original discount rate)	4.36%	4.17%
Weighted-average interest rate (at current discount rate)	5.09%	3.65%

Liability For Future Policy B_4

Liability For Future Policy Benefits (Deferred Profit Liability) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022		Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, EOP	$ 221,628	$ 244,488
Balance after transition, net of reinsurance recoverable	192,293	218,842
Reclassified to “Liabilities held-for-sale”	(25)	145	[1]
Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	14,795	13,364
Reclassified to “Liabilities held-for-sale”		(25)
Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Flooring impact, EOP	4	164
Effect of actual variances from expected experience and other activity				$ 98	$ (14)
Adjusted balance, BOP				138,022	128,873
Interest accrual	1,208	1,007
Foreign currency adjustment	1,908	(1,843)
Other adjustments	48	(245)
Balance, EOP, pre-flooring	68,421	66,903
Balance, EOP	68,425	67,067
Less: Reinsurance recoverable	0	0
Balance after transition, net of reinsurance recoverable	68,425	67,067
Retirement Strategies \| Institutional \| Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	5,532	5,183
Flooring impact, EOP	0	0		0	0
Balance, BOP, pre-flooring	5,532	5,183
Effect of actual variances from expected experience and other activity				31	70
Adjusted balance, BOP				5,563	5,253
Profits deferred	164	13
Interest accrual	57	50
Amortization	(141)	(132)
Foreign currency adjustment	7	(8)
Other adjustments	0	(1)
Balance, EOP, pre-flooring	5,650	5,175
Balance, EOP	5,650	5,175
Less: Reinsurance recoverable	0	0
Balance after transition, net of reinsurance recoverable	5,650	5,175
International Businesses \| Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Flooring impact, EOP	26	12
Effect of actual variances from expected experience and other activity				(167)	(222)
Adjusted balance, BOP				82,191	87,786
Interest accrual	663	690
Foreign currency adjustment	(163)	(1,963)
Other adjustments	93	123
Balance, EOP, pre-flooring	51,789	62,837
Balance, EOP	51,815	62,849
Less: Reinsurance recoverable	112	150
Balance after transition, net of reinsurance recoverable	51,703	62,699
International Businesses \| Life Planner \| Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	3,379	2,741
Flooring impact, EOP	0	0		0	0
Balance, BOP, pre-flooring	3,379	2,741
Effect of actual variances from expected experience and other activity				(3)	(9)
Adjusted balance, BOP				3,376	2,732
Profits deferred	451	465
Interest accrual	35	30
Amortization	(288)	(286)
Foreign currency adjustment	8	(15)
Other adjustments	10	9
Balance, EOP, pre-flooring	3,592	2,935
Balance, EOP	3,592	2,935
Less: Reinsurance recoverable	9	8
Balance after transition, net of reinsurance recoverable	3,583	2,927
International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Flooring impact, EOP	11	2
Effect of actual variances from expected experience and other activity				(154)	(2)
Adjusted balance, BOP				91,443	101,368
Interest accrual	585	631
Foreign currency adjustment	(432)	(3,005)
Other adjustments	(2)	(5)
Balance, EOP, pre-flooring	54,715	68,533
Balance, EOP	54,726	68,535
Less: Reinsurance recoverable	222	258
Balance after transition, net of reinsurance recoverable	54,504	68,277
International Businesses \| Gibraltar Life and Other \| Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	5,261	5,014
Flooring impact, EOP	1	1		1	1
Balance, BOP, pre-flooring	5,260	5,013
Effect of actual variances from expected experience and other activity				(10)	(5)
Adjusted balance, BOP				5,250	5,008
Profits deferred	373	423
Interest accrual	39	35
Amortization	(257)	(267)
Foreign currency adjustment	(18)	(122)
Other adjustments	0	0
Balance, EOP, pre-flooring	5,387	5,077
Balance, EOP	5,388	5,078
Less: Reinsurance recoverable	11	15
Balance after transition, net of reinsurance recoverable	5,377	5,063
Total
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Flooring impact, EOP	41	184
Effect of actual variances from expected experience and other activity				(194)	(150)
Adjusted balance, BOP				343,886	348,335
Interest accrual	2,836	2,683
Foreign currency adjustment	1,313	(6,811)
Other adjustments	132	(143)
Balance, EOP, pre-flooring	191,528	217,471
Balance, EOP	191,569	217,655
Less: Reinsurance recoverable	1,062	906
Balance after transition, net of reinsurance recoverable	190,507	216,749
Total \| Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	14,172	12,938
Flooring impact, EOP	1	1		1	1
Balance, BOP, pre-flooring	14,171	12,937
Effect of actual variances from expected experience and other activity				18	56
Adjusted balance, BOP				$ 14,189	$ 12,993
Profits deferred	988	901
Interest accrual	131	115
Amortization	(686)	(685)
Foreign currency adjustment	(3)	(145)
Other adjustments	10	8
Balance, EOP, pre-flooring	14,629	13,187
Balance, EOP	14,630	13,188
Less: Reinsurance recoverable	20	23
Balance after transition, net of reinsurance recoverable	14,610	13,165
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	74	5
Balance after transition, net of reinsurance recoverable	1,786	2,347
Other Businesses \| Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	$ 185	$ 224

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Liability For Future Policy B_5

Liability For Future Policy Benefits (Changes In Deferred Profit Liability) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Institutional \| Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Interest accrual	$ 1,208	$ 1,007
Institutional \| Retirement Strategies \| Gross Basis
Liability for Future Policy Benefit, Activity [Line Items]
Interest accrual	691	599
Life Planner \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Interest accrual	663	690
Life Planner \| International Businesses \| Gross Basis
Liability for Future Policy Benefit, Activity [Line Items]
Interest accrual	433	442
Gibraltar Life and Other \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Interest accrual	585	631
Gibraltar Life and Other \| International Businesses \| Gross Basis
Liability for Future Policy Benefit, Activity [Line Items]
Interest accrual	381	402
Deferred profit liability
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(463)	(392)
Deferred profit liability \| Institutional \| Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(111)	1
Interest accrual	57	50
Deferred profit liability \| Institutional \| Retirement Strategies \| Gross Basis
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(111)	1
Interest accrual	57	50
Deferred profit liability \| Life Planner \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(205)	(210)
Interest accrual	35	30
Deferred profit liability \| Life Planner \| International Businesses \| Gross Basis
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(205)	(210)
Interest accrual	35	30
Deferred profit liability \| Gibraltar Life and Other \| International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(145)	(187)
Interest accrual	39	35
Deferred profit liability \| Gibraltar Life and Other \| International Businesses \| Gross Basis
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(145)	(187)
Interest accrual	$ 39	$ 35

Liability For Future Policy B_6

Liability For Future Policy Benefits (Additional Insurance Reserves) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Additional Liability, Long-Duration Insurance [Line Items]
Interest accrual	$ 118	$ 92
Balance, including amounts in AOCI, EOP, post-flooring	13,385	11,349
Gross assessments	$ 827	$ 658
Weighted-average duration of the liability in years (at original discount rate)	22 years	22 years
Weighted-average interest rate (at original discount rate)	3.38%	3.36%
Individual Life
Additional Liability, Long-Duration Insurance [Line Items]
Total balance after reinsurance recoverable	$ 8,047	$ 7,003
Other Businesses \| Individual Life
Additional Liability, Long-Duration Insurance [Line Items]
Total balance after reinsurance recoverable	151	199
Total \| Individual Life
Additional Liability, Long-Duration Insurance [Line Items]
Balance, including amounts in AOCI, BOP, post-flooring	12,684	11,708
Flooring impact and amounts in AOCI	1,285	(909)
Balance, excluding amounts in AOCI, BOP, pre-flooring	13,969	10,799
Effect of actual variances from expected experience and other activity			$ (33)	$ (42)
Adjusted balance, BOP			$ 13,936	$ 10,757
Assessment Collected	270	239
Interest accrual	118	92
Benefits paid	(74)	(67)
Balance, excluding amounts in AOCI, EOP, pre-flooring	14,250	11,021
Flooring impact and amounts in AOCI	(1,016)	129
Balance, including amounts in AOCI, EOP, post-flooring	13,234	11,150
Less: Reinsurance recoverable	5,338	4,346
Total balance after reinsurance recoverable	$ 7,896	$ 6,804

Liability For Future Policy B_7

Liability For Future Policy Benefits (Loss Recognition) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Insurance [Abstract]
Loss recognition liability	$ 3	$ 4

Liability For Future Policy B_8

Liability For Future Policy Benefits (Future Policy Benefits) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Insurance [Abstract]
Benefit reserves, EOP, post-flooring	$ 193,429	$ 219,753
Additional insurance reserves, including amounts in AOCI, EOP, post-flooring	13,385	11,349
Deferred profit liability, EOP, post-flooring	14,814	13,386
Subtotal of amounts disclosed above	221,628	244,488
Other Future Policy Benefits reserves	51,958	53,305
Total Future Policy Benefits	$ 273,586	$ 297,793

Liability For Future Policy B_9

Liability For Future Policy Benefits (Revenue and Interest Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	$ 8,129	$ 6,501
Interest expense	1,726	1,650
Benefit reserves \| Individual Life \| Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	461	473
Interest expense	101	94
Benefit reserves \| Individual Life \| Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Benefit reserves \| Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,892	1,713
Interest expense	691	599
Benefit reserves \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,867	2,090
Interest expense	433	442
Benefit reserves \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,767	2,076
Interest expense	381	402
Benefit reserves \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	142	149
Interest expense	120	113
Interest Expense
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	1,976	1,860
Interest Expense \| Individual Life \| Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	101	94
Interest Expense \| Individual Life \| Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	118	92
Interest Expense \| Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	748	649
Interest Expense \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	468	473
Interest Expense \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	420	437
Interest Expense \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	121	115
Additional insurance reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	827	658
Interest expense	118	93
Additional insurance reserves \| Individual Life \| Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves \| Individual Life \| Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	827	658
Interest expense	118	92
Additional insurance reserves \| Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	1
Additional insurance reserves \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(463)	(392)
Interest expense	132	117
Deferred profit liability \| Individual Life \| Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability \| Individual Life \| Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability \| Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(111)	1
Interest expense	57	50
Deferred profit liability \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(205)	(210)
Interest expense	35	30
Deferred profit liability \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(145)	(187)
Interest expense	39	35
Deferred profit liability \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(2)	4
Interest expense	1	2
Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	8,493	6,767
Benefit reserves \| Individual Life \| Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	461	473
Benefit reserves \| Individual Life \| Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	827	658
Benefit reserves \| Retirement Strategies \| Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,781	1,714
Benefit reserves \| International Businesses \| Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,662	1,880
Benefit reserves \| International Businesses \| Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,622	1,889
Benefit reserves \| Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	$ 140	$ 153

Policyholders' Account Balanc_3

Policyholders' Account Balances (Details) - USD ($)	3 Months Ended
Policyholders' Account Balances (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022		Dec. 31, 2022
Additional Liability, Long-Duration Insurance [Roll Forward]
Interest credited	$ 981,000,000	$ 60,000,000	[1]
Total Policyholders' account balance	138,139,000,000	122,690,000,000
Closed Block Division	4,572,000,000	4,697,000,000		$ 4,607,000,000
Unearned revenue reserve, unearned expense credit, and additional interest reserve	4,772,000,000	4,069,000,000
Other	$ 7,940,000,000	181,000,000
Reclassified to "Liabilities held-for-sale"		$ (39,295,000,000)
Weighted-average crediting rate	2.87%	2.11%
Net amount at risk	$ 468,063,000,000	$ 576,296,000,000
Cash surrender value(4)	105,244,000,000	150,103,000,000
PALAC [Member]
Additional Liability, Long-Duration Insurance [Roll Forward]
Reclassified to "Liabilities held-for-sale"		(11,663,000,000)
Full Service Retirement Business Coinsurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Reclassified to "Liabilities held-for-sale"		(27,632,000,000)
Institutional Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Policyholder Account Balance, Surrender		0
Total
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	118,377,000,000	153,975,000,000
Deposits	5,754,000,000	5,656,000,000
Interest credited	859,000,000	805,000,000
Acquisitions and dispositions	0	0
Policy charges	(726,000,000)	(727,000,000)
Surrenders and withdrawals	(2,825,000,000)	(4,385,000,000)
Benefit payments	(760,000,000)	(809,000,000)
Net transfers (to) from separate account	96,000,000	421,000,000
Change in market value and other adjustments	299,000,000	(1,086,000,000)
Foreign currency adjustment	(219,000,000)	(812,000,000)
Balance, end of period	120,855,000,000	153,038,000,000
Reinsurance and other recoverable	34,000,000	38,000,000
Policyholders' account balance net of reinsurance and other recoverable	120,821,000,000	153,000,000,000
Life/Disability \| Group Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	5,839,000,000	6,273,000,000
Deposits	204,000,000	261,000,000
Interest credited	44,000,000	36,000,000
Acquisitions and dispositions	0	0
Policy charges	(83,000,000)	(78,000,000)
Surrenders and withdrawals	(453,000,000)	(378,000,000)
Benefit payments	0	0
Net transfers (to) from separate account	0	(18,000,000)
Change in market value and other adjustments	0	0
Foreign currency adjustment	0	0
Balance, end of period	5,551,000,000	6,096,000,000
Reinsurance and other recoverable	0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 5,551,000,000	$ 6,096,000,000
Weighted-average crediting rate	3.09%	2.30%
Net amount at risk	$ 72,259,000,000	$ 71,021,000,000
Cash surrender value(4)	3,984,000,000	3,704,000,000
Institutional
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	9,681,000,000	8,864,000,000
Institutional \| Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	17,376,000,000	16,391,000,000
Deposits	1,376,000,000	1,001,000,000
Interest credited	160,000,000	135,000,000
Acquisitions and dispositions	0	0
Policy charges	(6,000,000)	(6,000,000)
Surrenders and withdrawals	(1,371,000,000)	(1,161,000,000)
Benefit payments	(139,000,000)	(138,000,000)
Net transfers (to) from separate account	0	0
Change in market value and other adjustments	0	0
Foreign currency adjustment	0	0
Balance, end of period	17,396,000,000	16,222,000,000
Reinsurance and other recoverable	0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 17,396,000,000	$ 16,222,000,000
Weighted-average crediting rate	3.69%	3.30%
Net amount at risk	$ 0	$ 0
Cash surrender value(4)	17,396,000,000	16,222,000,000
Individual Variable
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	4,480,000,000	5,955,000,000
Individual Variable \| Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	17,524,000,000	14,125,000,000
Deposits	1,043,000,000	1,190,000,000
Interest credited	87,000,000	14,000,000
Acquisitions and dispositions	0	0
Policy charges	(6,000,000)	(1,000,000)
Surrenders and withdrawals	(148,000,000)	(90,000,000)
Benefit payments	(28,000,000)	(37,000,000)
Net transfers (to) from separate account	19,000,000	170,000,000
Change in market value and other adjustments	191,000,000	(106,000,000)
Foreign currency adjustment	0	0
Balance, end of period	18,682,000,000	15,265,000,000
Reinsurance and other recoverable	0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 18,682,000,000	$ 15,265,000,000
Weighted-average crediting rate	1.92%	0.38%
Net amount at risk	$ 0	$ 0
Cash surrender value(4)	16,640,000,000	14,553,000,000
Individual Fixed
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	2,273,000,000	1,921,000,000
Individual Fixed \| Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	4,643,000,000	4,652,000,000
Deposits	582,000,000	201,000,000
Interest credited	20,000,000	5,000,000
Acquisitions and dispositions	0	0
Policy charges	0	(1,000,000)
Surrenders and withdrawals	(88,000,000)	(79,000,000)
Benefit payments	(32,000,000)	(50,000,000)
Net transfers (to) from separate account	0	0
Change in market value and other adjustments	9,000,000	0
Foreign currency adjustment	0	0
Balance, end of period	5,134,000,000	4,728,000,000
Reinsurance and other recoverable	0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 5,134,000,000	$ 4,728,000,000
Weighted-average crediting rate	1.63%	0.43%
Net amount at risk	$ 0	$ 0
Cash surrender value(4)	4,045,000,000	3,085,000,000
Variable/ Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	23,579,000,000	23,953,000,000
Variable/ Universal Life \| Individual Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	26,502,000,000	26,859,000,000
Deposits	617,000,000	663,000,000
Interest credited	199,000,000	203,000,000
Acquisitions and dispositions	0	0
Policy charges	(514,000,000)	(506,000,000)
Surrenders and withdrawals	(439,000,000)	(421,000,000)
Benefit payments	(46,000,000)	(52,000,000)
Net transfers (to) from separate account	77,000,000	166,000,000
Change in market value and other adjustments	91,000,000	(185,000,000)
Foreign currency adjustment	0	0
Balance, end of period	26,487,000,000	26,727,000,000
Reinsurance and other recoverable	11,000,000	12,000,000
Policyholders' account balance net of reinsurance and other recoverable	$ 26,476,000,000	$ 26,715,000,000
Weighted-average crediting rate	3%	3.03%
Net amount at risk	$ 370,778,000,000	$ 481,904,000,000
Cash surrender value(4)	21,846,000,000	32,089,000,000
Life Planner
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	7,492,000,000	7,197,000,000
Life Planner \| International Businesses
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	11,168,000,000	11,555,000,000
Deposits	645,000,000	205,000,000
Interest credited	177,000,000	24,000,000
Acquisitions and dispositions	0	0
Policy charges	(77,000,000)	(51,000,000)
Surrenders and withdrawals	(51,000,000)	(50,000,000)
Benefit payments	(75,000,000)	(67,000,000)
Net transfers (to) from separate account	0	0
Change in market value and other adjustments	6,000,000	4,000,000
Foreign currency adjustment	(76,000,000)	(507,000,000)
Balance, end of period	11,717,000,000	11,113,000,000
Reinsurance and other recoverable	1,000,000	1,000,000
Policyholders' account balance net of reinsurance and other recoverable	$ 11,716,000,000	$ 11,112,000,000
Weighted-average crediting rate	6.19%	0.85%
Net amount at risk	$ 18,055,000,000	$ 15,352,000,000
Cash surrender value(4)	10,100,000,000	9,972,000,000
Gibraltar Life and Other
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	35,626,000,000	36,536,000,000
Gibraltar Life and Other \| International Businesses
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	35,325,000,000	37,615,000,000
Deposits	1,287,000,000	410,000,000
Interest credited	172,000,000	126,000,000
Acquisitions and dispositions	0	0
Policy charges	(40,000,000)	(26,000,000)
Surrenders and withdrawals	(275,000,000)	(447,000,000)
Benefit payments	(440,000,000)	(465,000,000)
Net transfers (to) from separate account	0	0
Change in market value and other adjustments	2,000,000	(2,000,000)
Foreign currency adjustment	(143,000,000)	(305,000,000)
Balance, end of period	35,888,000,000	36,906,000,000
Reinsurance and other recoverable	22,000,000	25,000,000
Policyholders' account balance net of reinsurance and other recoverable	$ 35,866,000,000	$ 36,881,000,000
Weighted-average crediting rate	1.93%	1.35%
Net amount at risk	$ 6,971,000,000	$ 8,019,000,000
Cash surrender value(4)	31,233,000,000	34,497,000,000
Full Service
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance		35,981,000,000
Full Service \| Corporate and Other
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period		36,505,000,000
Deposits		1,722,000,000
Interest credited		265,000,000
Acquisitions and dispositions		0
Policy charges		(58,000,000)
Surrenders and withdrawals		(1,759,000,000)
Benefit payments		0
Net transfers (to) from separate account		103,000,000
Change in market value and other adjustments		(797,000,000)
Foreign currency adjustment		0
Balance, end of period		35,981,000,000
Reinsurance and other recoverable	$ 7,973,000,000	0
Policyholders' account balance net of reinsurance and other recoverable		$ 35,981,000,000
Weighted-average crediting rate		2.92%
Net amount at risk		$ 0
Cash surrender value(4)		$ 35,981,000,000

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Policyholders' Account Balanc_4

Policyholders' Account Balances (Guaranteed Minimum Crediting Rate) (Details) $ in Millions	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 138,139		$ 122,690
1 - 50 bps above guaranteed minimum \| Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	1		1
1 - 50 bps above guaranteed minimum \| Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	50		50
51 - 150 bps above guaranteed minimum \| Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	51		51
51 - 150 bps above guaranteed minimum \| Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	150		150
Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	150		150
Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,134		$ 3,638
Group Insurance \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,693		1,738
Group Insurance \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Group Insurance \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Group Insurance \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,441		1,900
Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	9,681		8,864
Institutional \| Retirement Strategies
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		$ 17,376		$ 16,391
Institutional \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	9,681		8,864
Institutional \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Institutional \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Institutional \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,480		5,955
Individual Variable \| Retirement Strategies
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		17,524		14,125
Individual Variable \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3,589		5,031
Individual Variable \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	861		893
Individual Variable \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	30		31
Individual Variable \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,273		1,921
Individual Fixed \| Retirement Strategies
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		4,643		4,652
Individual Fixed \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,553		1,768
Individual Fixed \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	345		58
Individual Fixed \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	280		90
Individual Fixed \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	95		5
Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	23,579		23,953
Variable/ Universal Life \| Individual Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		26,502		26,859
Variable/ Universal Life \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	13,638		14,294
Variable/ Universal Life \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,041		12
Variable/ Universal Life \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,653		5,383
Variable/ Universal Life \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,247		4,264
Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7,492		7,197
Life Planner \| International Businesses
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		11,168		11,555
Life Planner \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,518		7,042
Life Planner \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	52		51
Life Planner \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	91		98
Life Planner \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	831		6
Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	35,626		36,536
Gibraltar Life and Other \| International Businesses
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		$ 35,325		$ 37,615
Gibraltar Life and Other \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	35,251		36,117
Gibraltar Life and Other \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	335		419
Gibraltar Life and Other \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	40		0
Gibraltar Life and Other \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		0
Full Service
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			35,981
Full Service \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			20,647
Full Service \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			13,307
Full Service \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			2,027
Full Service \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 0
Less than 1.00% \| Group Insurance
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,441		$ 1,900
Less than 1.00% \| Group Insurance \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Group Insurance \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Group Insurance \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Group Insurance \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,441		$ 1,900
Less than 1.00% \| Institutional
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 400		$ 400
Less than 1.00% \| Institutional \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	400		400
Less than 1.00% \| Institutional \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Institutional \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Institutional \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% \| Individual Variable
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,872		$ 2,318
Less than 1.00% \| Individual Variable \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,005		1,414
Less than 1.00% \| Individual Variable \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	848		885
Less than 1.00% \| Individual Variable \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	19		19
Less than 1.00% \| Individual Variable \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% \| Individual Fixed
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% \| Individual Fixed \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Individual Fixed \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Individual Fixed \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Individual Fixed \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% \| Variable/ Universal Life
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 11		$ 17
Less than 1.00% \| Variable/ Universal Life \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		17
Less than 1.00% \| Variable/ Universal Life \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Variable/ Universal Life \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Variable/ Universal Life \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 11		$ 0
Less than 1.00% \| Life Planner
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,306		$ 522
Less than 1.00% \| Life Planner \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	357		390
Less than 1.00% \| Life Planner \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	27		28
Less than 1.00% \| Life Planner \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	91		98
Less than 1.00% \| Life Planner \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 831		$ 6
Less than 1.00% \| Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 17,023		$ 20,729
Less than 1.00% \| Gibraltar Life and Other \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	17,023		20,729
Less than 1.00% \| Gibraltar Life and Other \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Gibraltar Life and Other \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% \| Gibraltar Life and Other \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		$ 0
Less than 1.00% \| Full Service
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			1%
Account Values with Crediting Rates			$ 428
Less than 1.00% \| Full Service \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			428
Less than 1.00% \| Full Service \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
Less than 1.00% \| Full Service \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
Less than 1.00% \| Full Service \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
1.00% - 1.99% \| Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 7
1.00% - 1.99% \| Group Insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% \| Group Insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% \| Group Insurance \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 7
1.00% - 1.99% \| Group Insurance \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Group Insurance \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Group Insurance \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,551		$ 1,571
1.00% - 1.99% \| Institutional \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% \| Institutional \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% \| Institutional \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,551		$ 1,571
1.00% - 1.99% \| Institutional \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Institutional \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Institutional \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 242		$ 264
1.00% - 1.99% \| Individual Variable \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% \| Individual Variable \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% \| Individual Variable \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 239		$ 261
1.00% - 1.99% \| Individual Variable \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2		2
1.00% - 1.99% \| Individual Variable \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1		1
1.00% - 1.99% \| Individual Variable \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,050		$ 807
1.00% - 1.99% \| Individual Fixed \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% \| Individual Fixed \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% \| Individual Fixed \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 585		$ 656
1.00% - 1.99% \| Individual Fixed \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	128		56
1.00% - 1.99% \| Individual Fixed \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	253		90
1.00% - 1.99% \| Individual Fixed \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	84		5
1.00% - 1.99% \| Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,172		$ 2,992
1.00% - 1.99% \| Variable/ Universal Life \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% \| Variable/ Universal Life \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% \| Variable/ Universal Life \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 150		$ 361
1.00% - 1.99% \| Variable/ Universal Life \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Variable/ Universal Life \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,073		650
1.00% - 1.99% \| Variable/ Universal Life \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,949		1,981
1.00% - 1.99% \| Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,181		$ 3,443
1.00% - 1.99% \| Life Planner \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% \| Life Planner \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% \| Life Planner \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,156		$ 3,420
1.00% - 1.99% \| Life Planner \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	25		23
1.00% - 1.99% \| Life Planner \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Life Planner \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 9,870		$ 11,255
1.00% - 1.99% \| Gibraltar Life and Other \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% \| Gibraltar Life and Other \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% \| Gibraltar Life and Other \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 9,870		$ 11,255
1.00% - 1.99% \| Gibraltar Life and Other \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Gibraltar Life and Other \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Gibraltar Life and Other \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% \| Full Service
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 28,887
1.00% - 1.99% \| Full Service \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			1%
1.00% - 1.99% \| Full Service \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			1.99%
1.00% - 1.99% \| Full Service \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 13,582
1.00% - 1.99% \| Full Service \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			13,307
1.00% - 1.99% \| Full Service \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			1,998
1.00% - 1.99% \| Full Service \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
2.00% - 2.99% \| Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 56		$ 55
2.00% - 2.99% \| Group Insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% \| Group Insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% \| Group Insurance \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 56		$ 55
2.00% - 2.99% \| Group Insurance \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Group Insurance \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Group Insurance \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 583		$ 1,244
2.00% - 2.99% \| Institutional \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% \| Institutional \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% \| Institutional \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 583		$ 1,244
2.00% - 2.99% \| Institutional \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Institutional \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Institutional \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 34		$ 112
2.00% - 2.99% \| Individual Variable \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% \| Individual Variable \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% \| Individual Variable \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 32		$ 111
2.00% - 2.99% \| Individual Variable \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2		0
2.00% - 2.99% \| Individual Variable \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		1
2.00% - 2.99% \| Individual Variable \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 745		$ 584
2.00% - 2.99% \| Individual Fixed \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% \| Individual Fixed \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% \| Individual Fixed \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 496		$ 584
2.00% - 2.99% \| Individual Fixed \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	211		0
2.00% - 2.99% \| Individual Fixed \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	27		0
2.00% - 2.99% \| Individual Fixed \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	11		0
2.00% - 2.99% \| Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 4,796		$ 4,755
2.00% - 2.99% \| Variable/ Universal Life \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% \| Variable/ Universal Life \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% \| Variable/ Universal Life \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 374		$ 405
2.00% - 2.99% \| Variable/ Universal Life \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	123		0
2.00% - 2.99% \| Variable/ Universal Life \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,019		2,223
2.00% - 2.99% \| Variable/ Universal Life \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	280		2,127
2.00% - 2.99% \| Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,259		$ 2,494
2.00% - 2.99% \| Life Planner \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% \| Life Planner \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% \| Life Planner \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,259		$ 2,494
2.00% - 2.99% \| Life Planner \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Life Planner \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Life Planner \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,628		$ 3,833
2.00% - 2.99% \| Gibraltar Life and Other \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% \| Gibraltar Life and Other \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% \| Gibraltar Life and Other \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,253		$ 3,414
2.00% - 2.99% \| Gibraltar Life and Other \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	335		419
2.00% - 2.99% \| Gibraltar Life and Other \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	40		0
2.00% - 2.99% \| Gibraltar Life and Other \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% \| Full Service
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 35
2.00% - 2.99% \| Full Service \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			2%
2.00% - 2.99% \| Full Service \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			2.99%
2.00% - 2.99% \| Full Service \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 6
2.00% - 2.99% \| Full Service \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
2.00% - 2.99% \| Full Service \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			29
2.00% - 2.99% \| Full Service \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
3.00% - 4.00% \| Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,634		$ 1,672
3.00% - 4.00% \| Group Insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% \| Group Insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% \| Group Insurance \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,634		$ 1,672
3.00% - 4.00% \| Group Insurance \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Group Insurance \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Group Insurance \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 5,628		$ 4,618
3.00% - 4.00% \| Institutional \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% \| Institutional \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% \| Institutional \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 5,628		$ 4,618
3.00% - 4.00% \| Institutional \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Institutional \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Institutional \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,228		$ 3,147
3.00% - 4.00% \| Individual Variable \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% \| Individual Variable \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% \| Individual Variable \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,209		$ 3,131
3.00% - 4.00% \| Individual Variable \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	9		6
3.00% - 4.00% \| Individual Variable \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	10		10
3.00% - 4.00% \| Individual Variable \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 377		$ 418
3.00% - 4.00% \| Individual Fixed \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% \| Individual Fixed \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% \| Individual Fixed \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 371		$ 416
3.00% - 4.00% \| Individual Fixed \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6		2
3.00% - 4.00% \| Individual Fixed \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Individual Fixed \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 10,051		$ 10,594
3.00% - 4.00% \| Variable/ Universal Life \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% \| Variable/ Universal Life \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% \| Variable/ Universal Life \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 7,565		$ 7,916
3.00% - 4.00% \| Variable/ Universal Life \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,918		12
3.00% - 4.00% \| Variable/ Universal Life \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	561		2,510
3.00% - 4.00% \| Variable/ Universal Life \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7		156
3.00% - 4.00% \| Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 339		$ 314
3.00% - 4.00% \| Life Planner \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% \| Life Planner \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% \| Life Planner \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 339		$ 314
3.00% - 4.00% \| Life Planner \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Life Planner \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Life Planner \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,201		$ 439
3.00% - 4.00% \| Gibraltar Life and Other \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% \| Gibraltar Life and Other \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% \| Gibraltar Life and Other \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,201		$ 439
3.00% - 4.00% \| Gibraltar Life and Other \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Gibraltar Life and Other \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% \| Gibraltar Life and Other \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		0
3.00% - 4.00% \| Full Service
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 6,615
3.00% - 4.00% \| Full Service \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			3%
3.00% - 4.00% \| Full Service \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			4%
3.00% - 4.00% \| Full Service \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 6,615
3.00% - 4.00% \| Full Service \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
3.00% - 4.00% \| Full Service \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
3.00% - 4.00% \| Full Service \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 0
Greater than 4.00% \| Group Insurance
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 3		$ 4
Greater than 4.00% \| Group Insurance \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3		4
Greater than 4.00% \| Group Insurance \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Group Insurance \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Group Insurance \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% \| Institutional
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 1,519		$ 1,031
Greater than 4.00% \| Institutional \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,519		1,031
Greater than 4.00% \| Institutional \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Institutional \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Institutional \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% \| Individual Variable
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 104		$ 114
Greater than 4.00% \| Individual Variable \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	104		114
Greater than 4.00% \| Individual Variable \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Individual Variable \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Individual Variable \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% \| Individual Fixed
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 101		$ 112
Greater than 4.00% \| Individual Fixed \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	101		112
Greater than 4.00% \| Individual Fixed \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Individual Fixed \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Individual Fixed \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% \| Variable/ Universal Life
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 5,549		$ 5,595
Greater than 4.00% \| Variable/ Universal Life \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,549		5,595
Greater than 4.00% \| Variable/ Universal Life \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Variable/ Universal Life \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Variable/ Universal Life \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% \| Life Planner
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 407		$ 424
Greater than 4.00% \| Life Planner \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	407		424
Greater than 4.00% \| Life Planner \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Life Planner \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Life Planner \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% \| Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 1,904		$ 280
Greater than 4.00% \| Gibraltar Life and Other \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,904		280
Greater than 4.00% \| Gibraltar Life and Other \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Gibraltar Life and Other \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% \| Gibraltar Life and Other \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% \| Full Service
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates			4%
Account Values with Crediting Rates			$ 16
Greater than 4.00% \| Full Service \| At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			16
Greater than 4.00% \| Full Service \| 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
Greater than 4.00% \| Full Service \| 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			0
Greater than 4.00% \| Full Service \| Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates			$ 0

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of Balances for Variable Annuity Products (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Market Risk Benefit [Roll Forward]
Market risk benefit, ending balance	$ 5,120	$ 7,159
Reclassified to “Assets and Liabilities held-for-sale”	0	(3,608)
Net amount at risk	$ 11,332	$ 8,056
Weighted-average attained age of contractholders (in years)	69 years	67 years
Liabilities Held-For-Sale
Market Risk Benefit [Roll Forward]
Reclassified to “Assets and Liabilities held-for-sale”		$ 3,708
Other Businesses
Market Risk Benefit [Roll Forward]
Balance, EOP, net of reinsurance	$ 105	218
Other Businesses \| Full Service
Market Risk Benefit [Roll Forward]
Reclassified to “Assets and Liabilities held-for-sale”		68
Retirement Strategies
Market Risk Benefit [Roll Forward]
Market risk benefit, beginning balance	4,987	13,392
Effect of cumulative changes in NPR	1,828	898
Balance, BOP, before effect of changes in NPR	6,815	14,290
Attributed fees collected	300	403
Claims paid	(32)	(18)
Interest accrual	85	9
Actual in force different from expected	19	29
Effect of changes in interest rates	463	(3,258)
Effect of changes in equity markets	(671)	1,150
Other adjustments	78	0
Balance, EOP, before effect of changes in NPR	7,057	12,605
Effect of cumulative changes in NPR	(2,014)	(1,988)
Market risk benefit, ending balance	5,043	10,617
Less: Reinsured MRB	28	68
Balance, EOP, net of reinsurance	$ 5,015	10,549
Retirement Strategies \| Assets Held-For-Sale
Market Risk Benefit [Roll Forward]
Reclassified to “Assets and Liabilities held-for-sale”		100
Retirement Strategies \| Liabilities Held-For-Sale
Market Risk Benefit [Roll Forward]
Reclassified to “Assets and Liabilities held-for-sale”		$ 3,640

Market Risk Benefits - Market R

Market Risk Benefits - Market Risk Benefits In Asset and Liability Positions (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Liability for Future Policy Benefit, Activity [Line Items]
MRB assets	$ 976	$ 800	[1]	$ 920
MRB liabilities	6,096	5,864	[1]	8,079
Net Liability	5,120			7,159		$ 19,852
Reclassified to “Assets and Liabilities held-for-sale”	0			(3,608)
Liabilities Held-For-Sale
Liability for Future Policy Benefit, Activity [Line Items]
Reclassified to “Assets and Liabilities held-for-sale”				3,708
Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Net Liability	5,043	$ 4,987		10,617	$ 13,392
Retirement Strategies \| Assets Held-For-Sale
Liability for Future Policy Benefit, Activity [Line Items]
Reclassified to “Assets and Liabilities held-for-sale”				100
Retirement Strategies \| Liabilities Held-For-Sale
Liability for Future Policy Benefit, Activity [Line Items]
Reclassified to “Assets and Liabilities held-for-sale”				3,640
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
MRB assets	14			15
MRB liabilities	118			165
Net Liability	104			150
Individual Variable \| Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
MRB assets	962			905
MRB liabilities	5,978			7,914
Net Liability	$ 5,016			$ 7,009		$ 19,473

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) $ in Millions				3 Months Ended	12 Months Ended
Reinsurance - Narrative (Details) $ in Millions	Apr. 01, 2022	Apr. 01, 2015	Jan. 02, 2013 USD ($) policy	Mar. 31, 2023 company	Dec. 31, 2020 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Number of Reinsurance Companies \| company				4
Reinsurance retention policy, reinsured risk percentage				61%
Geographic Distribution, Domestic
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance, retention policy, amount retained per life					$ 10		$ 20	$ 30
Hartford
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, amount retained per event			$ 141,000
Business acquisition number of life insurance policies acquired reinsurance \| policy			700,000
Great- West and Great-West of NY \| Separate account liabilities under MODCO
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage	100%
Great- West and Great-West of NY \| General account liabilities under coinsurance for Full Service
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage	100%
Union Hamilton Reinsurance, Ltd. \| Quote Share Reinsurance for HDI v.3.0 VA Business
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage		50%
Reinsurance retention policy, amount retained per event						$ 2,900

Reinsurance - Reinsurance Amoun

Reinsurance - Reinsurance Amounts Included in Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Insurance [Abstract]
Direct premiums	$ 8,750	$ 7,240
Reinsurance assumed	1,178	1,026
Reinsurance ceded	(565)	(577)
Premiums	9,363	7,689	[1]
Direct policy charges and fee income	966	1,129
Reinsurance assumed	308	300
Reinsurance ceded	(140)	(130)
Policy charges and fee income	1,134	1,299	[1]
Direct change in value of market risk benefits, net of related hedging gains (losses)	80	(242)
Reinsurance assumed	0	23
Reinsurance ceded	5	51
Change in value of market risk benefits, net of related hedging gain	75	(270)	[1],[2]
Direct policyholders’ benefits	9,594	8,080
Reinsurance assumed	1,565	1,485
Reinsurance ceded	(855)	(790)
Policyholders’ benefits	10,304	8,775	[1]
Direct change in estimates of liability for future policy benefits	(24)	(118)
Reinsurance assumed	4	(18)
Reinsurance ceded	45	(9)
Change in estimates of liability for future policy benefits	$ 25	$ (145)	[1]

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Reinsurance - Reinsurance Recov

Reinsurance - Reinsurance Recoverable (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	$ 10,799	$ 10,417
Loss allowance	(16)	(15)
Hartford Life Business
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance payable	1,350	1,327
Individual and group annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	2,137	2,078
Individual and group annuities \| FLIAC
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	2,076	1,986
Life insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	8,247	7,981
Life insurance \| Hartford Life Business
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	2,073	2,041
Other reinsurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	$ 415	$ 358

Closed Block (Narrative) (Detai

Closed Block (Narrative) (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Closed Block Dividend Obligation	$ 770,000,000	$ 0
Accumulated Net Unrealized Investment Gain (Loss) Pre Tax
Closed Block Dividend Obligation	2,412,000,000	0
Accumulated Distributions in Excess of Net Income
Closed Block Dividend Obligation	$ 3,182,000,000	$ 3,207,000,000

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	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Closed Block liabilities
Future policy benefits	$ 44,119	$ 44,414
Policyholders’ dividends payable	629	617
Policyholders’ dividend obligation	770	0
Policyholders’ account balances	4,572	4,607	$ 4,697
Other Closed Block liabilities	3,364	3,499
Total Closed Block liabilities	53,454	53,137
Closed Block assets
Fixed maturities, available-for-sale, at fair value	30,716	29,898
Fixed maturities, trading, at fair value	868	900
Equity securities, at fair value	1,843	1,733
Commercial mortgage and other loans	7,781	7,926
Policy loans	3,586	3,637
Other invested assets	4,828	4,254
Short-term investments	331	337
Total investments	49,953	48,685
Cash and cash equivalents	484	1,307
Accrued investment income	430	402
Other Closed Block assets	127	162
Total Closed Block assets	50,994	50,556
Excess of reported Closed Block liabilities over Closed Block assets	2,460	2,581
Portion of above representing accumulated other comprehensive income (loss):
Net unrealized investment gains (losses)	(2,570)	(3,458)
Allocated to policyholder dividend obligation	2,412	3,207
Future earnings to be recognized from Closed Block assets and Closed Block liabilities	$ 2,302	$ 2,330

Closed Block (Information Regar

Closed Block (Information Regarding Policyholder Dividend Obligation) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Movement in Closed Block Dividend Obligation [Roll Forward]
Balance, beginning	$ 0
Impact from earnings allocable to policyholder dividend obligation	(25)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	795
Balance, ending	$ 770

Closed Block (Closed Block Reve

Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Premiums	$ 406	$ 408
Net investment income	479	556
Realized investment gains (losses), net	(17)	100
Other income (loss)	100	(98)
Total Closed Block revenues	968	966
Benefits and Expenses
Policyholders’ benefits	572	624
Interest credited to policyholders’ account balances	30	30
Dividends to policyholders	302	211
General and administrative expenses	73	73
Total Closed Block benefits and expenses	977	938
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes	(9)	28
Income tax expense (benefit)	(32)	1
Closed Block revenues, net of Closed Block benefits and expenses and income taxes	$ 23	$ 27

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Total income tax expense (benefit)	$ 382	$ (144)	[1]
Effective Income Tax Rate, Percent	20.70%	21.90%
Federal Statutory Income Tax Rate, Percent	21%
High Tax Exception Percentage	18.90%
Percentage of the Effective Income Tax Rate Rec at Federal Statutory Income	90%
Tax Expense from change in foreign tax credit regulations	$ 16
Book-income Alternative Minimum Tax Rate	15%

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Short-Term Debt) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Short-term debt	$ 705	$ 775
Weighted average interest rate on outstanding short-term debt	5.02%	4.69%
Commercial paper
Short-term Debt [Line Items]
Short-term debt	$ 434	$ 438
Weighted average maturity of outstanding commercial paper, in days	66 days	98 days
Long-term debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	$ 755	$ 828
Short-term Debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	1,205	1,275
Borrowings due overnight \| Commercial paper
Short-term Debt [Line Items]
Short-term debt	100	130
Daily average outstanding \| Commercial paper
Short-term Debt [Line Items]
Short-term debt	963	1,312
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
Prudential Funding, LLC \| Commercial paper
Short-term Debt [Line Items]
Short-term debt	409	413
Mortgage debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	82	155
Line of credit
Short-term Debt [Line Items]
Short-term debt	16	9
Long-term Debt, Current Maturities	16	9
Senior notes \| Long-term debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	173	173
Surplus notes subject to set-off arrangements
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	500	500
Assets Under Set-Off Arrangements
Short-term Debt [Line Items]
Short-term debt	$ 500	$ 500

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Amounts drawn on credit facilities	$ 0
Long-term Debt, Excluding Current Maturities	20,451,000,000	$ 19,908,000,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	9,591,000,000	9,094,000,000
Subsidiaries \| Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	47,000,000	47,000,000
Prudential Financial
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	19,658,000,000	19,162,000,000
Prudential Financial \| Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	9,544,000,000	9,047,000,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500,000,000
Debt Instrument, Interest Rate, Stated Percentage	6.75%
Private Placement \| Prudential Financial
Debt Instrument [Line Items]
Proceeds from sales	$ 1,500,000,000
Private Placement \| Prudential Financial \| Senior Notes Maturing February 2033
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 800,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.791%
Debt Instrument, Interest Rate, Effective Percentage	1.815%
Private Placement \| Prudential Financial \| Maturity in February 2053
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 700,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.997%
Debt Instrument, Interest Rate, Effective Percentage	2.066%
Put Option \| Prudential Financial
Debt Instrument [Line Items]
Minimum Equity Less AOCI for Automatic Exercise	$ 9,000,000,000
Floating-rate notes \| Mortgage debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	76,000,000	29,000,000
Floating-rate notes \| Foreign public corporate securities \| Mortgage debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 29,000,000	$ 29,000,000

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt	$ 20,451	$ 19,908
Subtotal	32,241	31,698
Surplus notes \| Fixed-rate notes
Debt Instrument [Line Items]
Long-term debt	345	345
Surplus notes subject to set-off arrangements \| Fixed-rate notes
Debt Instrument [Line Items]
Long-term debt	9,460	9,460
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	10,114	10,115
Mortgage debt \| Fixed-rate notes
Debt Instrument [Line Items]
Long-term debt	25	25
Mortgage debt \| Floating-rate notes
Debt Instrument [Line Items]
Long-term debt	76	29
Line of credit
Debt Instrument [Line Items]
Line of credit	300	300
Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	9,591	9,094
Less: assets under set-off arrangements
Debt Instrument [Line Items]
Long-term debt	11,790	11,790
Debt denominated in foreign currency \| Mortgage debt \| Floating-rate notes
Debt Instrument [Line Items]
Long-term debt	29	29
Prudential Financial
Debt Instrument [Line Items]
Long-term debt	19,658	19,162
Prudential Financial \| Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	9,544	9,047
Subsidiaries \| Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	$ 47	$ 47

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - Other Postretirement Benefits	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Minimum
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
Maximum
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

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost Included in General and Administrative Expenses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 51	$ 80
Interest cost	138	97
Expected return on plan assets	(231)	(213)
Amortization of prior service cost	0	0
Amortization of actuarial (gain) loss, net	17	51
Settlements	0	1
Special termination benefits	0	1
Net periodic (benefit) cost	(25)	17
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	4
Interest cost	18	12
Expected return on plan assets	(21)	(27)
Amortization of prior service cost	(2)	(2)
Amortization of actuarial (gain) loss, net	3	1
Settlements	0	0
Special termination benefits	0	0
Net periodic (benefit) cost	$ 0	$ (12)

Equity (Common Stock Changes in

Equity (Common Stock Changes in Number of Shares Issued, Held in Treasury and Outstanding) (Details)	3 Months Ended
	Mar. 31, 2023 shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	666,305,189
Balance, ending (in shares)	666,305,189
Issued
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	666,300,000
Common Stock issued (in shares)	0
Common Stock acquired	0
Stock-based compensation programs (in shares)	0
Balance, ending (in shares)	666,300,000
Held In Treasury
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	300,300,000
Common Stock issued (in shares)	0
Common Stock acquired	2,700,000
Stock-based compensation programs (in shares)	(2,600,000)
Balance, ending (in shares)	300,400,000
Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	366,000,000
Common Stock issued (in shares)	0
Common Stock acquired	2,700,000
Stock-based compensation programs (in shares)	2,600,000
Balance, ending (in shares)	365,900,000

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Feb. 28, 2023
Class of Stock [Line Items]
Cost of Treasury Stock Acquired	$ 251	$ 364
Under November 2021 Board Of Directors Authorization
Class of Stock [Line Items]
Amount of Stock Repurchases Authorized by the Board of Directors			$ 1,000
Under November 2021 Board Of Directors Authorization \| Common Stock
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired	2.7
Cost of Treasury Stock Acquired	$ 250

Equity (Dividends Declared) (De

Equity (Dividends Declared) (Details) - $ / shares	3 Months Ended
Equity (Dividends Declared) (Details) - $ / shares	Mar. 31, 2023	Mar. 31, 2022
Equity [Abstract]
Dividends declared per share of Common Stock (in USD per share)	$ 1.25	$ 1.20

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	[1]	$ (3,806)
Change in OCI before reclassifications		(263)	$ 1,218
Amounts reclassified from AOCI		154	322
Income tax benefit (expense)		90	(599)	[2]
Ending balance		(3,825)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(2,274)	(1,107)
Change in OCI before reclassifications		12	(398)
Amounts reclassified from AOCI		0	10
Income tax benefit (expense)		(38)	(36)
Ending balance		(2,300)	(1,531)
Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(16,195)	26,639
Change in OCI before reclassifications		8,243	(23,095)
Amounts reclassified from AOCI		136	262
Income tax benefit (expense)		(1,988)	5,230
Ending balance		(9,804)	9,036
Interest rate remeasurement of Liability for Future Policy Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		15,242	(33,220)
Change in OCI before reclassifications		(8,705)	23,589
Amounts reclassified from AOCI		0	0
Income tax benefit (expense)		2,160	(5,545)
Ending balance		8,697	(15,176)
Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		1,448	707
Change in OCI before reclassifications		186	1,107
Amounts reclassified from AOCI		0	0
Income tax benefit (expense)		(39)	(232)
Ending balance		1,595	1,582
Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(2,027)	(2,513)
Change in OCI before reclassifications		1	15
Amounts reclassified from AOCI		18	50
Income tax benefit (expense)		(5)	(16)
Ending balance		(2,013)	(2,464)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(3,806)	(9,494)
Ending balance		(3,825)	(8,553)
Cash flow hedges \| Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		2,616	1,019
Ending balance		2,344	1,155
Fair value hedges \| Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(54)	(35)
Ending balance		$ (74)	$ (24)

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Equity (Reclassifications out o

Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	$ 217	$ (1,044)	[1],[2]
Amounts reclassified from AOCI	154	322
Amortization of defined benefit items:
Other income (loss)	1,019	(1,310)	[1]
Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	0	10
Total net unrealized investment gains (losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	136	262
Total amortization of defined benefit items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	18	50
Amounts reclassified from AOCI
Amortization of defined benefit items:
Prior service cost	2	2
Actuarial gain (loss)	(20)	(52)
Amounts reclassified from AOCI \| Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	0	(10)
Amounts reclassified from AOCI \| Total net unrealized investment gains (losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(136)	(262)
Amounts reclassified from AOCI \| Total amortization of defined benefit items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(18)	(50)
Amounts reclassified from AOCI \| Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(154)	(322)
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)	(155)	(411)
Amounts reclassified from AOCI \| Interest Rate \| Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(23)	(4)
Amounts reclassified from AOCI \| Currency \| Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	5	1
Amounts reclassified from AOCI \| Currency \| Fair value hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(2)	(2)
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)	$ 39	$ 154

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with Allowance for Credit Losses and All Other Investments) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (3,806)	[1]
Ending balance	(3,825)
Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recorded
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(45)
Net investment gains (losses) on investments arising during the period	41
Reclassification adjustment for (gains) losses included in net income	(15)
Reclassification due to allowance for credit losses recorded during the period	(60)
Ending balance	(79)
Net Unrealized Investment Gains (Losses) on All Other Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(24,959)
Net investment gains (losses) on investments arising during the period	9,292
Reclassification adjustment for (gains) losses included in net income	151
Reclassification due to allowance for credit losses recorded during the period	60
Ending balance	(15,456)
Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(703)
Impact of net unrealized investment (gains) losses	132
Ending balance	(571)
Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	1,946
Impact of net unrealized investment (gains) losses	(425)
Ending balance	1,521
Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	3,194
Impact of net unrealized investment (gains) losses	(797)
Ending balance	2,397
Income Tax Benefit (Expense)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	4,372
Net investment gains (losses) on investments arising during the period	(2,181)
Reclassification adjustment for (gains) losses included in net income	(32)
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	225
Ending balance	2,384
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(16,195)
Net investment gains (losses) on investments arising during the period	7,152
Reclassification adjustment for (gains) losses included in net income	104
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(865)
Ending balance	$ (9,804)

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Basic earnings per share
Net income (loss)	$ 1,477	$ (506)	[1]
Less: Income (loss) attributable to noncontrolling interests	15	(13)
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	18	7
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Income	$ 1,444	$ (500)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Weighted Average Shares	366.5	376.1
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Per Share Amount	$ 3.94	$ (1.33)
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$ 18	$ 7
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	$ 18	$ 7
Stock options, Weighted Average Shares	0.2	0
Deferred and long-term compensation programs, Weighted Average Shares	1	0
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Income	$ 1,444	$ (500)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Weighted Average Shares	367.7	376.1
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Per Share Amount	$ 3.93	$ (1.33)

[1]Prior period amounts include the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Undistributed earnings allocated to participating unvested share-based payment awards, weighted outstanding shares	4.2	5.1

Earnings Per Share (Antidilutiv

Earnings Per Share (Antidilutive Securities Excluded From the Computation of Diluted Earnings Per Share) (Details) - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	1.3	3.1
Antidilutive stock options based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	1.2	0
Antidilutive securities excluded from computation of earnings, Exercise Price Per Share	$ 103.16	$ 0
Antidilutive stock options due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0	0.7
Antidilutive shares based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0.1	0.1
Antidilutive shares due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0	2.3

Segment Information (Narratives

Segment Information (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	$ 1,847	$ (658)

Segment Information (Reconcilia

Segment Information (Reconciliation of Adjusted Operating Income and Net Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
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	$ 1,847	$ (658)
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	1,266	1,536
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	151	188
Operating Segments \| International Businesses \| International 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	840	951
Operating Segments \| Corporate and Other \| 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	(485)	(416)
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	837	946
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	396	515
Operating Segments \| U.S. Businesses Division \| Retirement Strategies \| 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	441	431
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	25	(115)
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	(102)	(18)
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	318	(1,637)
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	51	(84)
Segment Reconciling Items \| Change in value of market risk benefits, net of related hedging gains (losses)
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	75	(304)
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	48	121
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	(5)	(29)
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	(9)	(17)
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	(4)	27
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	107	(271)
Total 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	$ 760	$ 813

Segment Information (Reconcil_2

Segment Information (Reconciliation of Select Financial Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total Assets	$ 709,269		$ 689,029
Total revenues	17,045	$ 11,855
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	15,104	13,302
Operating Segments \| Other Divested and Run-off Businesses
Segment Reporting Information [Line Items]
Total revenues	378	(462)
Operating Segments \| PGIM \| PGIM
Segment Reporting Information [Line Items]
Total Assets	47,953		48,364
Total revenues	898	926
Operating Segments \| International Businesses \| International Insurance
Segment Reporting Information [Line Items]
Total Assets	192,979		186,791
Total revenues	5,015	5,478
Operating Segments \| Corporate and Other \| Corporate and Other
Segment Reporting Information [Line Items]
Total Assets	23,142		23,556
Operating Segments \| Total Closed Block division \| Closed Block division
Segment Reporting Information [Line Items]
Total Assets	51,383		50,934
Operating Segments \| U.S. Businesses Division \| Group Insurance
Segment Reporting Information [Line Items]
Total Assets	39,315		38,201
Total revenues	1,564	1,539
Operating Segments \| U.S. Businesses Division \| Individual Life
Segment Reporting Information [Line Items]
Total Assets	107,229		102,445
Total revenues	1,527	1,558
Operating Segments \| U.S. Businesses Division \| Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	247,268		238,738
Total revenues	5,984	3,844
Operating Segments \| U.S. Businesses Division \| Retirement Strategies \| Institutional Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	135,935		130,173
Total revenues	4,889	2,747
Operating Segments \| U.S. Businesses Division \| Retirement Strategies \| Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	111,333		108,565
Total revenues	1,095	1,097
Segment Reconciling Items \| Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Total revenues	475	(1,648)
Segment Reconciling Items \| Segment Reconciling Items, Related Charges to Realized Investment Gains (Losses), Net [Member]
Segment Reporting Information [Line Items]
Total revenues	37	(22)
Segment Reconciling Items \| Market experience updates
Segment Reporting Information [Line Items]
Total revenues	24	41
Segment Reconciling Items \| Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Total revenues	(19)	(17)
Intersegment Eliminations \| PGIM \| PGIM
Segment Reporting Information [Line Items]
Total revenues	205	232
Total U.S. Businesses \| Operating Segments
Segment Reporting Information [Line Items]
Total Assets	393,812		$ 379,384
Total revenues	$ 9,075	$ 6,941

Segment Information Segment Inf

Segment Information Segment Information (Asset Management and Service Fees) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Asset management and service fees	$ 917	$ 1,133
Asset-based management fees
Asset management and service fees	789	981
Performance-based incentive fees
Asset management and service fees	3	4
Other fees
Asset management and service fees	$ 125	$ 148

Segment Information (Certain Fi

Segment Information (Certain Financial Information for the Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 17,045	$ 11,855
Net investment income	4,320	4,358
Total benefits and expenses	15,198	12,513
Policyholders’ benefits	10,304	8,775	[1]
Interest credited	981	60	[1]
Dividends to policyholders	319	235
Interest expense	441	365
Amortization of deferred policy acquisition costs	365	371	[1]
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	15,104	13,302
Net investment income	3,671	3,413
Total benefits and expenses	13,838	11,766
Policyholders’ benefits	9,572	7,939
Interest credited	756	645
Dividends to policyholders	16	24
Interest expense	441	364
Amortization of deferred policy acquisition costs	355	353
Operating Segments \| Other Divested and Run-off Businesses
Segment Reporting Information [Line Items]
Total revenues	378	(462)
Net investment income	173	401
Total benefits and expenses	271	(191)
Policyholders’ benefits	187	155
Interest credited	51	(594)
Dividends to policyholders	1	0
Interest expense	(1)	1
Amortization of deferred policy acquisition costs	0	1
Operating Segments \| Total U.S. Businesses
Segment Reporting Information [Line Items]
Total revenues	9,075	6,941
Net investment income	2,117	1,998
Total benefits and expenses	8,315	6,128
Policyholders’ benefits	6,425	4,461
Interest credited	507	421
Dividends to policyholders	9	9
Interest expense	251	198
Amortization of deferred policy acquisition costs	212	207
Segment Reconciling Items \| Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Total revenues	475	(1,648)
Net investment income	(5)	(10)
Total benefits and expenses	157	(11)
Policyholders’ benefits	25	29
Interest credited	132	(40)
Dividends to policyholders	0	0
Interest expense	0	0
Amortization of deferred policy acquisition costs	0	0
Segment Reconciling Items \| Segment Reconciling Items, Related Charges to Realized Investment Gains (Losses), Net [Member]
Segment Reporting Information [Line Items]
Total revenues	37	(22)
Net investment income	0	0
Total benefits and expenses	(14)	62
Policyholders’ benefits	(57)	20
Interest credited	12	19
Dividends to policyholders	0	0
Interest expense	0	0
Amortization of deferred policy acquisition costs	7	14
Segment Reconciling Items \| Market experience updates
Segment Reporting Information [Line Items]
Total revenues	24	41
Net investment income	0	0
Total benefits and expenses	(24)	(80)
Policyholders’ benefits	4	8
Interest credited	0	0
Dividends to policyholders	0	0
Interest expense	0	0
Amortization of deferred policy acquisition costs	0	0
Segment Reconciling Items \| Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Total revenues	(19)	(17)
Net investment income	0	0
Total benefits and expenses	(14)	12
Policyholders’ benefits	0	0
Interest credited	0	0
Dividends to policyholders	0	0
Interest expense	0	0
Amortization of deferred policy acquisition costs	0	0
Segment Reconciling Items \| Other adjustments
Segment Reporting Information [Line Items]
Total revenues	0	0
Net investment income	0	0
Total benefits and expenses	9	17
Policyholders’ benefits	0	0
Interest credited	0	0
Dividends to policyholders	0	0
Interest expense	0	0
Amortization of deferred policy acquisition costs	0	0
Segment Reconciling Items \| Change in value of market risk benefits, net of related hedging gains (losses)
Segment Reporting Information [Line Items]
Total revenues	75	(304)
Net investment income	0	0
Total benefits and expenses	0	0
Policyholders’ benefits	0	0
Interest credited	0	0
Dividends to policyholders	0	0
Interest expense	0	0
Amortization of deferred policy acquisition costs	0	0
PGIM \| Operating Segments \| PGIM
Segment Reporting Information [Line Items]
Total revenues	898	926
Net investment income	80	(4)
Total benefits and expenses	747	738
Policyholders’ benefits	0	0
Interest credited	0	0
Dividends to policyholders	0	0
Interest expense	27	6
Amortization of deferred policy acquisition costs	1	1
U.S. Businesses Division \| Operating Segments \| Retirement Strategies
Segment Reporting Information [Line Items]
Total revenues	5,984	3,844
Net investment income	1,322	1,230
Total benefits and expenses	5,147	2,898
Policyholders’ benefits	4,383	2,243
Interest credited	240	158
Dividends to policyholders	0	0
Interest expense	24	8
Amortization of deferred policy acquisition costs	97	98
U.S. Businesses Division \| Operating Segments \| Retirement Strategies \| Institutional Retirement Strategies
Segment Reporting Information [Line Items]
Total revenues	4,889	2,747
Net investment income	1,004	968
Total benefits and expenses	4,493	2,232
Policyholders’ benefits	4,350	2,178
Interest credited	125	80
Dividends to policyholders	0	0
Interest expense	10	4
Amortization of deferred policy acquisition costs	4	3
U.S. Businesses Division \| Operating Segments \| Retirement Strategies \| Retirement Strategies
Segment Reporting Information [Line Items]
Total revenues	1,095	1,097
Net investment income	318	262
Total benefits and expenses	654	666
Policyholders’ benefits	33	65
Interest credited	115	78
Dividends to policyholders	0	0
Interest expense	14	4
Amortization of deferred policy acquisition costs	93	95
U.S. Businesses Division \| Operating Segments \| Group Insurance
Segment Reporting Information [Line Items]
Total revenues	1,564	1,539
Net investment income	126	124
Total benefits and expenses	1,539	1,654
Policyholders’ benefits	1,218	1,353
Interest credited	44	36
Dividends to policyholders	0	0
Interest expense	4	1
Amortization of deferred policy acquisition costs	1	(2)
U.S. Businesses Division \| Operating Segments \| Individual Life
Segment Reporting Information [Line Items]
Total revenues	1,527	1,558
Net investment income	669	644
Total benefits and expenses	1,629	1,576
Policyholders’ benefits	824	865
Interest credited	223	227
Dividends to policyholders	9	9
Interest expense	223	189
Amortization of deferred policy acquisition costs	114	111
International Businesses \| Operating Segments \| International Insurance
Segment Reporting Information [Line Items]
Total revenues	5,015	5,478
Net investment income	1,285	1,297
Total benefits and expenses	4,175	4,527
Policyholders’ benefits	3,152	3,485
Interest credited	215	190
Dividends to policyholders	7	15
Interest expense	11	3
Amortization of deferred policy acquisition costs	151	155
Corporate and Other \| Operating Segments \| Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	116	(43)
Net investment income	189	122
Total benefits and expenses	601	373
Policyholders’ benefits	(5)	(7)
Interest credited	34	34
Dividends to policyholders	0	0
Interest expense	152	157
Amortization of deferred policy acquisition costs	(9)	(10)
Closed Block Business \| Closed Block division
Segment Reporting Information [Line Items]
Total revenues	971	965
Net investment income	481	554
Total benefits and expenses	975	938
Policyholders’ benefits	573	624
Interest credited	30	30
Dividends to policyholders	302	211
Interest expense	1	0
Amortization of deferred policy acquisition costs	$ 3	$ 3

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Commitments and Contingent Liabilities [Line Items]
Fair value of collateral supporting these assets	$ 518		$ 702
Commitments \| Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	2,169		1,995
Portion of commitment where prearrangement to sell to investor exists	721		582
Allowance for credit losses	1		1
Change in allowance for credit losses	0	$ 0
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)	8,932		8,376
Expected to be funded from separate accounts
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	188		183
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	6,692		5,834
Fair value of related collateral associated with above indemnifications	6,849		5,985
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		0
Fair value of related collateral associated with above indemnifications	0		0
Indemnification \| Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company	2,974		2,972
First-loss exposure portion of above	862		862
Accrued liability associated with guarantee	31		33
Allowance for credit losses	16		17
Change in allowance for credit losses	(1)	$ (3)
Guarantees of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third-parties’ assets	83,379		84,338
Fair value of collateral supporting these assets	76,715		77,693
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		57
Accrued liability associated with guarantee	$ 33		$ 33

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative Excluding Litigation) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Commitments \| Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	$ 1		$ 1
Change in allowance for credit losses	0	$ 0
Purchase Investments
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit losses	$ 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	$ 16		17
Change in allowance for credit losses	(1)	(3)
Mortgages subject to loss-sharing arrangements	$ 23,952		$ 23,937
Weighted-average debt service coverage ratio of mortgages subject to loss-sharing arrangements	1.99		1.92
Weighted-average loan-to-value ratio of mortgages subject to loss-sharing arrangements	61%		61%
Losses related to indemnifications that were settled	$ 0	$ 0
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_5

Commitments and Contingent Liabilities (Litigation Narrative) (Details) $ in Millions	Mar. 31, 2023 USD ($)
Loss Contingencies [Line Items]
Estimate of possible losses in excess of accruals (less than) for litigation and regulatory matters	$ 250