0000898174-24-000140 | 10-Q | XBRL Viewer | Reinsurance Group OF America INC

Future Policy Benefits

9 Months Ended

Sep. 30, 2024

Liability for Future Policy Benefits and Unpaid Claims Disclosure

FUTURE POLICY BENEFITS

Liability for Future Policy Benefits – Traditional Business

The Company reviews actual and anticipated experience compared to the assumptions used to establish policy benefits on a quarterly basis and will update those assumptions if evidence suggests that they should be revised. It is the Company’s policy to complete its annual assumption review during the third quarter of each year. However, updates may occur in other quarters if information becomes available during the quarter that indicates an assumption update is necessary.

Significant assumptions used to compute the liability for future policy benefits for the Traditional business include mortality, morbidity, lapse rates and discount rates (both accretion and current). During the third quarter of 2024 and 2023, the Company completed its annual assumption review resulting in a $39 million and $85 million increase in the Company’s liability for future policy benefits for its Traditional business during 2024 and 2023, respectively. The increase in the liability in 2024 and 2023 was primarily the result of updating the mortality and lapse assumptions used to measure the liability for future policy benefits. The Company also updated the underlying market data used to determine the current discount rate resulting in changes to the discount rate assumption used to measure the net liability for future policy benefits.

The following tables provide the balances of and changes in the Company’s liability for future policy benefits for long-duration reinsurance contracts for its Traditional business, which primarily consists of individual life, group life and critical illness reinsurance for the nine months ended September 30, 2024 and 2023 (dollars in millions):


For the nine months ended September 30, 2024:	U.S. and Latin America – Traditional			Canada – Traditional			Europe, Middle East and Africa – Traditional			Asia Pacific – Traditional
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	76,943		$	22,689		$	15,328		$	42,741
Effect of changes in cash flow assumptions	67			(592)			187			975
Effect of actual variances from expected experience	(510)			183			421			210
Adjusted balance, beginning of year	76,500			22,280			15,936			43,926
Issuances (1)	4,980			385			861			2,825
Interest accrual (2)	2,617			560			394			843
Net premiums collected (3)	(4,390)			(737)			(1,119)			(1,653)
Derecognition (4)	(1,000)			—			—			—
Foreign currency translation	(6)			(480)			751			(139)
Ending balance at original discount rate	78,701			22,008			16,823			45,802
Effect of changes in discount rate assumptions	(4,225)			(4,388)			(2,803)			(12,360)
Balance, end of period	$	74,476		$	17,620		$	14,020		$	33,442

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	89,036		$	26,275		$	16,756		$	47,370
Effect of changes in cash flow assumptions	36			(620)			212			1,048
Effect of actual variances from expected experience	(623)			177			417			121
Adjusted balance, beginning of year	88,449			25,832			17,385			48,539
Issuances (1)	4,980			385			861			2,825
Interest accrual (2)	3,049			721			425			964
Benefit payments (5)	(4,292)			(799)			(1,115)			(1,476)
Derecognition (4)	(1,008)			—			—			—
Foreign currency translation	(5)			(563)			794			(138)
Ending balance at original discount rate	91,173			25,576			18,350			50,714
Effect of changes in discount rate assumptions	(5,364)			(3,651)			(3,131)			(14,496)
Balance, end of period	$	85,809		$	21,925		$	15,219		$	36,218

Liability for future policy benefits	$	11,333		$	4,305		$	1,199		$	2,776
Less: reinsurance recoverable	(726)			(272)			(24)			(85)
Net liability for future policy benefits	$	10,607		$	4,033		$	1,175		$	2,691

Weighted average duration of the liability (in years)	12			14			8			15
Weighted average interest accretion rate	4.6		%	3.6		%	3.3		%	2.6		%
Weighted average current discount rate	5.1		%	4.8		%	5.5		%	4.6		%

(1)Issuances: The present value, using the original discount rate, of the expected net premiums or the expected future policy benefits related to new reinsurance contracts that became effective during the current period and new policies assumed on existing contracts.

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.

(4)Derecognition: Includes the effects of treaty recaptures and treaty amendments that resulted in the termination of an existing treaty and the issuance of a new treaty under the internal replacement model.

(5)Benefit payments: The release of the present value, using the original discount rate, of the expected future policy benefits due to death, lapse/withdrawal, and other benefit payments based on current assumptions.


For the nine months ended September 30, 2023:	U.S. and Latin America – Traditional			Canada – Traditional			Europe, Middle East and Africa – Traditional			Asia Pacific – Traditional
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	74,207		$	21,330		$	14,244		$	40,506
Effect of changes in cash flow assumptions	905			96			199			(180)
Effect of actual variances from expected experience	68			408			75			9
Adjusted balance, beginning of year	75,180			21,834			14,518			40,335
Issuances (1)	3,186			369			884			2,839
Interest accrual (2)	2,619			562			373			794
Net premiums collected (3)	(4,491)			(700)			(1,067)			(1,493)
Derecognition (4)	(35)			—			—			—
Foreign currency translation	5			(54)			(77)			(1,517)
Ending balance at original discount rate	76,464			22,011			14,631			40,958
Effect of changes in discount rate assumptions	(10,563)			(5,879)			(3,145)			(13,178)
Balance, end of period	$	65,901		$	16,132		$	11,486		$	27,780

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	85,285		$	24,655		$	15,454		$	44,785
Effect of changes in cash flow assumptions	922			108			246			(171)
Effect of actual variances from expected experience	73			413			84			(40)
Adjusted balance, beginning of year	86,280			25,176			15,784			44,574
Issuances (1)	3,186			369			884			2,839
Interest accrual (2)	3,023			720			402			907
Benefit payments (5)	(4,097)			(752)			(1,033)			(1,287)
Derecognition (4)	(54)			—			—			—
Foreign currency translation	5			(60)			(77)			(1,559)
Ending balance at original discount rate	88,343			25,453			15,960			45,474
Effect of changes in discount rate assumptions	(13,185)			(5,520)			(3,402)			(15,342)
Balance, end of period	$	75,158		$	19,933		$	12,558		$	30,132

Liability for future policy benefits	$	9,257		$	3,801		$	1,072		$	2,352
Less: reinsurance recoverable	(658)			(259)			(33)			(115)
Net liability for future policy benefits	$	8,599		$	3,542		$	1,039		$	2,237

Weighted average duration of the liability (in years)	11			14			8			15
Weighted average interest accretion rate	4.7		%	3.7		%	3.5		%	2.7		%
Weighted average current discount rate	5.9		%	5.4		%	6.0		%	4.9		%

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.

The Company’s Traditional business actual-to-expected variances and the effects of changes in cash flow and discount rate assumptions for the nine months ended September 30, 2024 and 2023 are summarized in the tables below:

For the nine months ended September 30, 2024:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Traditional

$12.5 billion

$(31) million

$(113) million

$7 million

Canada – Traditional

$3.6 billion

$(28) million

$(6) million

$(134) million

Europe, Middle East and Africa – Traditional

$1.5 billion

$25 million

$(4) million

$(109) million

Asia Pacific – Traditional

$4.9 billion

$73 million

$(89) million

$(171) million

For the nine months ended September 30, 2023:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Traditional

$12.0 billion

$17 million

$5 million

$(1) million

Canada – Traditional

$3.4 billion

$12 million

$5 million

$(267) million

Europe, Middle East and Africa – Traditional

$1.3 billion

$47 million

$9 million

$(88) million

Asia Pacific – Traditional

$4.5 billion

$9 million

$(49) million

$(233) million

Liability for Future Policy Benefits – Financial Solutions Business

The Company reviews actual and anticipated experience compared to the assumptions used to establish policy benefits on a quarterly basis and will update those assumptions if evidence suggests that they should be revised. The Company expects to complete its annual review and any necessary updates of cash flow assumptions used to calculate the liability for future policy benefits during the third quarter of each year. Updates may occur in other quarters if information becomes available during the quarter that indicates an assumption update is necessary.

Significant assumptions used to compute the liability for future policy benefits for the Financial Solutions business include mortality, morbidity, lapse rates and discount rates (both accretion and current). During the third quarter of 2024 and 2023, the Company completed its annual assumption review resulting in a $20 million increase and $78 million decrease in the Company’s liability for future policy benefits for its Financial Solutions business during 2024 and 2023, respectively. The increase and decrease in the liability in 2024 and 2023 were primarily the result of updating the lapse and mortality assumptions used to measure the liability for future policy benefits. The Company also updated the underlying market data used to determine the current discount rate resulting in changes to the discount rate assumption used to measure the net liability for future policy benefits.

The following tables provide the balances of and changes in the Company’s liability for future policy benefits, including the deferred profit liability related to the longevity business, for its Financial Solutions business, which primarily consists of longevity reinsurance, asset-intensive products, primarily annuities and financial reinsurance for the nine months ended September 30, 2024 and 2023 (dollars in millions):


For the nine months ended September 30, 2024:	U.S. and Latin America – Financial Solutions			Canada – Financial Solutions			Europe, Middle East and Africa – Financial Solutions			Asia Pacific – Financial Solutions
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	1,455		$	3,184		$	54,832		$	2,057
Effect of changes in cash flow assumptions	12			—			(93)			1
Effect of actual variances from expected experience	(3)			(7)			1,025			(7)
Adjusted balance, beginning of year	1,464			3,177			55,764			2,051
Issuances (1)	2,755			4,983			9,881			6,443
Interest accrual (2)	33			96			1,364			22
Net premiums collected (3)	(2,867)			(4,284)			(4,046)			(6,823)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(56)			2,596			(52)
Ending balance at original discount rate	1,385			3,916			65,559			1,641
Effect of changes in discount rate assumptions	(179)			(204)			(8,677)			(232)
Balance, end of period	$	1,206		$	3,712		$	56,882		$	1,409

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	6,843		$	3,210		$	60,938		$	8,019
Effect of changes in cash flow assumptions	20			—			(90)			10
Effect of actual variances from expected experience	—			(7)			1,026			(8)
Adjusted balance, beginning of year	6,863			3,203			61,874			8,021
Issuances (1)	2,882			4,983			9,881			6,443
Interest accrual (2)	276			189			1,530			129
Benefit payments (5)	(538)			(310)			(3,676)			(326)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(3)			2,918			108
Ending balance at original discount rate	9,483			8,062			72,527			14,375
Effect of changes in discount rate assumptions	(215)			(33)			(9,571)			(1,544)
Balance, end of period	$	9,268		$	8,029		$	62,956		$	12,831

Cumulative amount of fair value hedging adjustments	$	32		$	—		$	—		$	—

Liability for future policy benefits	$	8,094		$	4,317		$	6,074		$	11,422
Less: reinsurance recoverable	(1,241)			—			—			—
Net liability for future policy benefits	$	6,853		$	4,317		$	6,074		$	11,422

Weighted average duration of the liability (in years)	8			13			10			15
Weighted average interest accretion rate	3.9		%	4.1		%	3.1		%	1.6		%
Weighted average current discount rate	4.9		%	4.7		%	5.0		%	2.8		%

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.


For the nine months ended September 30, 2023:	U.S. and Latin America – Financial Solutions			Canada – Financial Solutions			Europe, Middle East and Africa – Financial Solutions			Asia Pacific – Financial Solutions
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	1,671		$	3,394		$	38,782		$	1,605
Effect of changes in cash flow assumptions	(69)			(54)			(561)			—
Effect of actual variances from expected experience	(20)			(5)			387			(10)
Adjusted balance, beginning of year	1,582			3,335			38,608			1,595
Issuances (1)	923			—			6,278			2,131
Interest accrual (2)	37			80			678			19
Net premiums collected (3)	(1,064)			(249)			(3,045)			(1,573)
Derecognition (4)	—			—			—			—
Foreign currency translation	2			(6)			15			(236)
Ending balance at original discount rate	1,480			3,160			42,534			1,936
Effect of changes in discount rate assumptions	(336)			(482)			(9,571)			(178)
Balance, end of period	$	1,144		$	2,678		$	32,963		$	1,758

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	5,823		$	3,447		$	44,330		$	6,561
Effect of changes in cash flow assumptions	(91)			(76)			(595)			—
Effect of actual variances from expected experience	(28)			(13)			374			(12)
Adjusted balance, beginning of year	5,704			3,358			44,109			6,549
Issuances (1)	931			—			6,278			2,141
Interest accrual (2)	173			81			807			65
Benefit payments (5)	(405)			(248)			(2,748)			(199)
Derecognition (4)	(16)			—			—			—
Foreign currency translation	1			(5)			37			(948)
Ending balance at original discount rate	6,388			3,186			48,483			7,608
Effect of changes in discount rate assumptions	(788)			(480)			(10,552)			(997)
Balance, end of period	$	5,600		$	2,706		$	37,931		$	6,611

Liability for future policy benefits	$	4,456		$	28		$	4,968		$	4,853
Less: reinsurance recoverable	—			—			—			—
Net liability for future policy benefits	$	4,456		$	28		$	4,968		$	4,853

Weighted average duration of the liability (in years)	8			7			9			15
Weighted average interest accretion rate	3.5		%	3.3		%	2.3		%	1.3		%
Weighted average current discount rate	5.9		%	5.5		%	5.3		%	2.4		%

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.

The Company’s Financial Solutions business actual-to-expected variances (including the effects of model updates) and the effects of changes in cash flow and discount rate assumptions for the nine months ended September 30, 2024 and 2023 are summarized in the tables below:

For the nine months ended September 30, 2024:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Financial Solutions

$8.1 billion

$8 million

$3 million

$124 million

Canada – Financial Solutions

$4.1 billion

None

$168 million

Europe, Middle East and Africa – Financial Solutions

$7.0 billion

$3 million

$1 million

$(241) million

Asia Pacific – Financial Solutions

$12.7 billion

$9 million

$(1) million

$(540) million

For the nine months ended September 30, 2023:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Financial Solutions

$4.9 billion

$(22) million

$(8) million

$(119) million

Canada – Financial Solutions

$26 million

$(22) million

$(8) million

$1 million

Europe, Middle East and Africa – Financial Solutions

$5.9 billion

$(34) million

$(13) million

$(67) million

Asia Pacific – Financial Solutions

$5.7 billion

None

$(2) million

$(359) million

Reconciliation and Other Disclosures

The reconciliation of the rollforward of the liability for future policy benefits to the condensed consolidated balance sheets as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,
	2024		2023
Liability for future policy benefits included in the rollforwards:
Traditional:
U.S. and Latin America	$	11,333	$	9,257
Canada	4,305		3,801
Europe, Middle East and Africa	1,199		1,072
Asia Pacific	2,776		2,352
Financial Solutions:
U.S. and Latin America	8,094		4,456
Canada	4,317		28
Europe, Middle East and Africa	6,074		4,968
Asia Pacific	11,422		4,853
Other long-duration contracts	117		126
Claims liability and incurred but not reported claims	5,406		5,062
Unearned revenue liability	890		499
Total liability for future policy benefits	$	55,933	$	36,474

The amount of undiscounted and discounted expected future gross premiums and expected future benefit payments for the liability for future policy benefits included in the rollforwards as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,
	2024				2023
	Undiscounted		Discounted		Undiscounted		Discounted
Expected future gross premiums
Traditional:
U.S. and Latin America	$	182,731	$	87,831	$	177,307	$	77,008
Canada	54,520		21,928		54,378		19,902
Europe, Middle East and Africa	28,668		15,609		24,778		13,131
Asia Pacific	103,658		42,453		90,652		35,372
Financial Solutions:
U.S. and Latin America	2,816		1,828		3,012		1,794
Canada	6,306		4,101		4,545		2,856
Europe, Middle East and Africa	111,948		57,940		68,410		36,603
Asia Pacific	4,089		2,988		3,797		2,828

Expected future benefit payments
Traditional:
U.S. and Latin America	$	191,246	$	85,809	$	188,177	$	75,158
Canada	56,312		21,925		56,423		19,933
Europe, Middle East and Africa	28,796		15,219		24,509		12,558
Asia Pacific	99,908		36,218		87,120		30,132
Financial Solutions:
U.S. and Latin America	15,257		9,268		10,233		5,600
Canada	17,933		8,029		4,285		2,706
Europe, Middle East and Africa	120,917		62,956		71,027		37,931
Asia Pacific	22,330		12,831		10,522		6,611

The amount of gross premiums and interest expense recognized in the condensed consolidated statements of income for the liability for future policy benefits included in the rollforwards for the nine months ended September 30, 2024 and 2023 is as follows (dollars in millions):


	Gross Premiums				Interest Expense
	September 30,				September 30,
	2024		2023		2024		2023
Traditional:
U.S. and Latin America	$	4,658	$	4,435	$	432	$	404
Canada	825		808		161		158
Europe, Middle East and Africa	1,101		1,058		31		29
Asia Pacific	2,095		1,959		121		113
Financial Solutions:
U.S. and Latin America	2,816		979		243		136
Canada	120		68		93		1
Europe, Middle East and Africa	669		515		166		129
Asia Pacific	158		171		107		46
Total	$	12,442	$	9,993	$	1,354	$	1,016

During the nine months ended September 30, 2024 and 2023, no material charges were incurred resulting from net premiums exceeding gross premiums

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional Amount	$ 33,994	$ 32,104
Carrying Value / Fair Value of Assets	270	154
Derivative Liability, Fair Value, Gross Liability	287	254
Derivative Asset, Subject to Master Netting Arrangement, after Offset	544	510
Derivative Liability, Subject to Master Netting Arrangement, after Offset	1,126	1,196
Not Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	25,711	27,306
Carrying Value / Fair Value of Assets	407	478
Derivative Liability, Fair Value, Gross Liability	867	949
Not Designated as Hedging Instrument \| Interest Rate Swaps
Derivative [Line Items]
Notional Amount	1,796	1,609
Carrying Value / Fair Value of Assets	6	4
Derivative Liability, Fair Value, Gross Liability	4	3
Not Designated as Hedging Instrument \| Foreign Currency Forwards
Derivative [Line Items]
Notional Amount	1,142	809
Derivative Asset, Subject to Master Netting Arrangement, after Offset	55	36
Derivative Liability, Subject to Master Netting Arrangement, after Offset	1	0
Not Designated as Hedging Instrument \| Financial Futures
Derivative [Line Items]
Notional Amount	225	255
Carrying Value / Fair Value of Assets	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument \| Consumer Price Index Swap [Member]
Derivative [Line Items]
Notional Amount	445	468
Carrying Value / Fair Value of Assets	7	11
Derivative Liability, Fair Value, Gross Liability	3	3
Not Designated as Hedging Instrument \| Synthetic Guaranteed Investment Contracts
Derivative [Line Items]
Notional Amount	15,395	16,135
Carrying Value / Fair Value of Assets	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument \| Embedded Derivatives In Modified Coinsurance Or Funds Withheld Arrangements
Derivative [Line Items]
Notional Amount	0	0
Carrying Value / Fair Value of Assets	274	356
Derivative Liability, Fair Value, Gross Liability	454	527
Not Designated as Hedging Instrument \| Embedded Derivatives In Indexed Annuity [Member]
Derivative [Line Items]
Notional Amount	0	0
Carrying Value / Fair Value of Assets	0	0
Derivative Liability, Fair Value, Gross Liability	385	415
Not Designated as Hedging Instrument \| Currency Swap [Member]
Derivative [Line Items]
Notional Amount	150	150
Derivative Asset, Subject to Master Netting Arrangement, after Offset	35	27
Derivative Liability, Subject to Master Netting Arrangement, after Offset	0	0
Not Designated as Hedging Instrument \| Interest Rate Swaption
Derivative [Line Items]
Notional Amount	2,266	5,555
Carrying Value / Fair Value of Assets	0	7
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument \| Total Return Swap
Derivative [Line Items]
Notional Amount	1,075	500
Carrying Value / Fair Value of Assets	21	24
Derivative Liability, Fair Value, Gross Liability	17	0
Not Designated as Hedging Instrument \| Interest Rate Future
Derivative [Line Items]
Notional Amount	0	97
Carrying Value / Fair Value of Assets	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument \| Foreign Exchange Option
Derivative [Line Items]
Notional Amount	350	0
Derivative Asset, Subject to Master Netting Arrangement, after Offset	2	0
Derivative Liability, Subject to Master Netting Arrangement, after Offset	0	0
Not Designated as Hedging Instrument \| Equity Option
Derivative [Line Items]
Notional Amount	141	253
Carrying Value / Fair Value of Assets	2	8
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument \| Credit Default Swaps
Derivative [Line Items]
Notional Amount	2,726	1,475
Carrying Value / Fair Value of Assets	5	5
Derivative Liability, Fair Value, Gross Liability	3	1
Designated As Hedging Instrument
Derivative [Line Items]
Notional Amount	8,283	4,798
Derivative Asset, Subject to Master Netting Arrangement, after Offset	137	32
Derivative Liability, Subject to Master Netting Arrangement, after Offset	259	247
Designated As Hedging Instrument \| Interest Rate Swaps
Derivative [Line Items]
Notional Amount	3,269	1,770
Derivative Asset, Subject to Master Netting Arrangement, after Offset	89	9
Derivative Liability, Subject to Master Netting Arrangement, after Offset	78	86
Designated As Hedging Instrument \| Foreign Currency Forwards
Derivative [Line Items]
Notional Amount	1,315	1,143
Derivative Asset, Subject to Master Netting Arrangement, after Offset	4	5
Derivative Liability, Subject to Master Netting Arrangement, after Offset	9	17
Designated As Hedging Instrument \| Currency Swap [Member]
Derivative [Line Items]
Notional Amount	2,026	809
Derivative Asset, Subject to Master Netting Arrangement, after Offset	37	7
Derivative Liability, Subject to Master Netting Arrangement, after Offset	71	64
Designated As Hedging Instrument \| Forward Contracts [Member]
Derivative [Line Items]
Notional Amount	1,673	1,076
Derivative Asset, Subject to Master Netting Arrangement, after Offset	7	11
Derivative Liability, Subject to Master Netting Arrangement, after Offset	$ 101	$ 80

Income Tax	9 Months Ended
Income Tax	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAX The effective tax rate on pre-tax income for the three and nine months ending September 30, 2024, was 26.7% and 24.2%, respectively. The tax rate was higher than the U.S. statutory rate primarily due to adjustments related to tax returns filed during the quarter as well as Subpart F income. These increases were partially offset with benefits received in certain foreign jurisdictions and adjustments to the valuation allowance. The effective tax rate on pre-tax income for the three and nine months ending September 30, 2023, was 24.2% and 24.9%, respectively. The tax rate was higher than the U.S. statutory rate primarily due to income earned in foreign jurisdictions and adjustments to the valuation allowance. These increases were partially offset with benefits received in certain foreign jurisdictions. The Inflation Reduction Act of 2022 (“the Act”) was enacted in 2022. For tax years ending after December 31, 2022, the Act imposes a 15% minimum tax on adjusted financial statement income for “applicable corporations” with average financial statement income over $1 billion for the previous 3-year period ending in 2022 or after. The Company is currently evaluating the impact of recent proposed guidance to determine applicability. The Act also imposes a 1% excise tax on stock buybacks of a publicly traded corporation. The Act is not expected to have a material impact to the Company’s tax expense. Bermuda enacted the Corporate Income Tax Act of 2023 on December 27, 2023. The Bermuda regime, which is effective for fiscal years beginning on or after January 1, 2025, establishes a statutory tax rate of 15%, applicable to companies with annual revenue of EUR 750 million or more. This enactment did not have a material impact on the Company’s financial position or results from operations. The Organization for Economic Cooperation and Development developed the Model Global Anti-Base Erosion (“GloBE”) rules under Pillar II establishing a Global Minimum Tax to ensure multinational enterprises with consolidated revenue of more than EUR 750 million pay at least an effective tax rate of 15% on income arising in each jurisdiction in which they operate. The GloBE model rules serve as a template to allow for each jurisdiction to modify and incorporate into domestic law. As of September 30, 2024, many of the jurisdictions in which the Company operates enacted Pillar II legislation into domestic law with an effective date of January 1, 2024. Guidance is expected to continue throughout 2024 and beyond. The Company continues to evaluate the expected impact of the new law.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Future Policy Benefits (Undiscounted and Discounted) (Details) - Other Segments - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Americas [Member] \| Life Insurance Product Line [Member]
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	$ 87,831	$ 77,008
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	191,246	188,177
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	85,809	75,158
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	182,731	177,307
Americas [Member] \| Insurance, Other
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	1,828	1,794
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	15,257	10,233
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	9,268	5,600
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	2,816	3,012
CANADA \| Life Insurance Product Line [Member]
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	21,928	19,902
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	56,312	56,423
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	21,925	19,933
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	54,520	54,378
CANADA \| Insurance, Other
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	4,101	2,856
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	17,933	4,285
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	8,029	2,706
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	6,306	4,545
EMEA [Member] \| Life Insurance Product Line [Member]
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	15,609	13,131
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	28,796	24,509
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	15,219	12,558
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	28,668	24,778
EMEA [Member] \| Insurance, Other
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	57,940	36,603
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	120,917	71,027
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	62,956	37,931
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	111,948	68,410
Asia Pacific [Member] \| Life Insurance Product Line [Member]
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	42,453	35,372
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	99,908	87,120
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	36,218	30,132
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	103,658	90,652
Asia Pacific [Member] \| Insurance, Other
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	2,988	2,828
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	22,330	10,522
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	12,831	6,611
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	$ 4,089	$ 3,797

Market Risk Benefits (Balances and Changes of Market Risk Benefits) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Market Risk Benefit [Line Items]
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk	$ 233	$ 216
Market Risk Benefit, Net Amount at Risk	247		$ 258
Insurance, Other \| Americas [Member] \| Other Segments
Market Risk Benefit [Line Items]
Market Risk Benefit, after Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change	233	216	249	$ 247
Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change	241	225	$ 253	$ 263
Market Risk Benefit, Interest Expense	8	9
Market Risk Benefit, Attributed Fee Collected	19	19
Market Risk Benefit, Benefit Payment	0	1
Market Risk Benefit, Increase (Decrease) from Interest Rate Change	(3)	(54)
Market Risk Benefit, Increase (Decrease) from Equity Market Change	(39)	(25)
Market Risk Benefit, Increase (Decrease) from Volatility	0	(5)
Market Risk Benefit, Increase (Decrease) from Other Assumption	(13)	(11)
Market Risk Benefit, Increase (Decrease) from Actual Policyholder Behavior Different from Expected	13	12
AOCI, Market Risk Benefit, Instrument-Specific Credit Risk, before Tax	(8)	(9)
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk	233	216
Market Risk Benefit, Reinsurance Recoverable, after Allowance	0	0
Market Risk Benefit, Net Amount at Risk	$ 1,285	$ 1,375
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	71 years	71 years
Market Risk Benefit, Increase (Decrease) from Future Expected Policyholder Behavior Assumption	$ 3	$ 16

Investments (Mortgage Loans by Credit Quality Indicator) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 8,493	$ 7,459
Construction Loan	$ 58	$ 46
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	100.00%	100.00%
Mortgage Loans By Credit Quality Indicator Range One [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 4,625	$ 4,017
Construction Loan	$ 13	$ 46
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	54.50%	53.90%
Mortgage Loans By Credit Quality Indicator Range Two [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 2,493	$ 2,145
Construction Loan	$ 45	$ 0
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	29.40%	28.80%
Mortgage Loans By Credit Quality Indicator Range Three [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 875	$ 929
Construction Loan	$ 0	$ 0
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	10.20%	12.40%
Mortgage Loans By Credit Quality Indicator Range Four [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 500	$ 368
Construction Loan	$ 0	$ 0
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	5.90%	4.90%
Debt Service Coverage Ratio Range One [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 7,551	$ 6,660
Debt Service Coverage Ratio Range One [Member] \| Mortgage Loans By Credit Quality Indicator Range One [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	4,327	3,672
Debt Service Coverage Ratio Range One [Member] \| Mortgage Loans By Credit Quality Indicator Range Two [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,148	1,947
Debt Service Coverage Ratio Range One [Member] \| Mortgage Loans By Credit Quality Indicator Range Three [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	737	843
Debt Service Coverage Ratio Range One [Member] \| Mortgage Loans By Credit Quality Indicator Range Four [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	339	198
Debt Service Coverage Ratio Range Two [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	596	548
Debt Service Coverage Ratio Range Two [Member] \| Mortgage Loans By Credit Quality Indicator Range One [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	202	272
Debt Service Coverage Ratio Range Two [Member] \| Mortgage Loans By Credit Quality Indicator Range Two [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	237	154
Debt Service Coverage Ratio Range Two [Member] \| Mortgage Loans By Credit Quality Indicator Range Three [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	102	52
Debt Service Coverage Ratio Range Two [Member] \| Mortgage Loans By Credit Quality Indicator Range Four [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	55	70
Debt Service Coverage Ratio Range Three [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	288	205
Debt Service Coverage Ratio Range Three [Member] \| Mortgage Loans By Credit Quality Indicator Range One [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	83	27
Debt Service Coverage Ratio Range Three [Member] \| Mortgage Loans By Credit Quality Indicator Range Two [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	63	44
Debt Service Coverage Ratio Range Three [Member] \| Mortgage Loans By Credit Quality Indicator Range Three [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	36	34
Debt Service Coverage Ratio Range Three [Member] \| Mortgage Loans By Credit Quality Indicator Range Four [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 106	$ 100

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Net premiums	$ 4,391	$ 4,255	$ 13,687	$ 10,977
Net investment income	1,188	922	3,231	2,635
Investment related gains (losses), net	(78)	(126)	(498)	(326)
Other revenues	150	102	446	274
Total revenues	5,651	5,153	16,866	13,560
Benefits and expenses
Claims and other policy benefits	4,116	3,959	12,960	10,035
Liability for Future Policy Benefit, Remeasurement Gain (Loss)	151	(82)	37	(95)
Market Risk Benefit, Change in Fair Value, Gain (Loss)	31	(21)	(12)	(38)
Interest credited	310	223	795	647
Policy acquisition costs and other insurance expenses	452	348	1,230	1,028
Other operating expenses	299	274	883	799
Interest expense	78	72	218	188
Total benefits and expenses	5,437	4,773	16,111	12,564
Income before income taxes	214	380	755	996
Provision for income taxes	56	91	181	247
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	158	289	574	749
Net Income (Loss) Attributable to Noncontrolling Interest	2	2	5	5
Net income	$ 156	$ 287	$ 569	$ 744
Earnings per share
Basic earnings per share	$ 2.37	$ 4.34	$ 8.64	$ 11.19
Diluted earnings per share	$ 2.33	$ 4.29	$ 8.53	$ 11.06

Investments

9 Months Ended

Sep. 30, 2024

Investments [Abstract]

Investment

INVESTMENTS

Fixed Maturity Securities Available-for-Sale

The Company holds various types of fixed maturity securities available-for-sale and classifies them as corporate securities (“Corporate”), Canadian and Canadian provincial government securities (“Canadian government”), Japanese government and agencies (“Japanese government”), asset-backed securities (“ABS”), commercial mortgage-backed securities (“CMBS”), residential mortgage-backed securities (“RMBS”), U.S. government and agencies (“U.S. government”), state and political subdivisions, and other foreign government, supranational and foreign government-sponsored enterprises (“Other foreign government”). ABS, CMBS, and RMBS are collectively “structured securities.”

The following tables provide information relating to investments in fixed maturity securities by type as of September 30, 2024 and December 31, 2023 (dollars in millions):


September 30, 2024:	Amortized Cost		Allowance for Credit Losses		Unrealized Gains		Unrealized Losses		Estimated Fair Value		% of Total
Available-for-sale:
Corporate	$	53,327	$	104	$	1,058	$	3,194	$	51,087	65.4	%
Canadian government	4,517		—		494		41		4,970		6.4
Japanese government	6,103		—		3		836		5,270		6.7
ABS	5,521		15		44		177		5,373		6.9
CMBS	2,327		1		27		115		2,238		2.9
RMBS	1,374		—		20		76		1,318		1.7
U.S. government	1,897		—		18		212		1,703		2.1
State and political subdivisions	895		—		7		81		821		1.1
Other foreign government	5,645		—		84		360		5,369		6.8
Total fixed maturity securities	$	81,606	$	120	$	1,755	$	5,092	$	78,149	100.0	%


December 31, 2023:	Amortized Cost		Allowance for Credit Losses		Unrealized Gains		Unrealized Losses		Estimated Fair Value		% of Total
Available-for-sale:
Corporate	$	42,014	$	62	$	554	$	3,751	$	38,755	64.1	%
Canadian government	3,477		—		473		33		3,917		6.5
Japanese government	3,630		—		3		502		3,131		5.2
ABS	4,661		12		19		239		4,429		7.3
CMBS	1,969		1		7		202		1,773		2.9
RMBS	1,173		—		8		102		1,079		1.8
U.S. government	2,725		—		9		214		2,520		4.2
State and political subdivisions	1,236		—		7		129		1,114		1.8
Other foreign government	4,092		—		45		388		3,749		6.2
Total fixed maturity securities	$	64,977	$	75	$	1,125	$	5,560	$	60,467	100.0	%

The Company monitors its concentrations of financial instruments on an ongoing basis and mitigates credit risk by maintaining a diversified investment portfolio that limits exposure to any one issuer. The Company’s exposure to concentrations of credit risk from single issuers, including certain agencies, greater than 10% of the Company’s equity are disclosed below, as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Fixed maturity securities guaranteed or issued by:
Japanese government	$	6,103	$	5,270	$	3,630	$	3,131
U.S. government	1,897		1,703		2,725		2,520
Canadian province of Quebec	1,591		1,843		1,467		1,748
Canadian province of Ontario	1,180		1,291		1,019		1,125

The amortized cost and estimated fair value of fixed maturity securities classified as available-for-sale as of September 30, 2024, are shown by contractual maturity in the table below (dollars in millions). Actual maturities can differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Structured securities are shown separately in the table below, as they are not due at a single maturity date.


	Amortized Cost		Estimated Fair Value
Available-for-sale:
Due in one year or less	$	1,699	$	1,701
Due after one year through five years	11,881		11,829
Due after five years through ten years	13,649		13,480
Due after ten years	45,155		42,210
Structured securities	9,222		8,929
Total	$	81,606	$	78,149

Corporate Fixed Maturity Securities

The tables below show the major sectors of the Company’s corporate fixed maturity holdings as of September 30, 2024 and December 31, 2023 (dollars in millions):


September 30, 2024:	Amortized Cost		Estimated Fair Value		% of Total
Finance	$	17,482	$	16,641	32.6	%
Industrial	27,697		26,682		52.2
Utility	8,148		7,764		15.2

Total	$	53,327	$	51,087	100.0	%

December 31, 2023:	Amortized Cost		Estimated Fair Value		% of Total
Finance	$	15,052	$	13,789	35.6	%
Industrial	21,413		19,935		51.4
Utility	5,549		5,031		13.0
Total	$	42,014	$	38,755	100.0	%

Allowance for Credit Losses and Impairments – Fixed Maturity Securities Available-for-Sale

As discussed in Note 2 – “Significant Accounting Policies and Pronouncements” of the Company’s 2023 Annual Report, allowances for credit losses on fixed maturity securities are recognized in investment related gains (losses), net. The Company estimates the amount of the credit loss component of a fixed maturity security impairment as the difference between amortized cost and the present value of the expected cash flows of the security. Any remaining difference between the fair value and amortized cost is recognized in OCI.

The following tables present the rollforward of the allowance for credit losses in fixed maturity securities by type for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


	Corporate		ABS		CMBS		Total
For the three months ended September 30, 2024:
Balance, beginning of period	$	95	$	15	$	1	$	111
Credit losses recognized on securities for which credit losses were not previously recorded	10		—		—		10

Reductions for securities sold during the period	—		—		—		—

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	(1)		—		—		(1)

Write-offs charged against the allowance	—		—		—		—
Balance, end of period	$	104	$	15	$	1	$	120
For the three months ended September 30, 2023:
Balance, beginning of period	$	62	$	12	$	1	$	75




Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	(1)		—		—		(1)
Write-offs charged against the allowance	(6)		—		—		(6)

Balance, end of period	$	55	$	12	$	1	$	68


	Corporate		ABS		CMBS		Total
For the nine months ended September 30, 2024:
Balance, beginning of period	$	62	$	12	$	1	$	75
Credit losses recognized on securities for which credit losses were not previously recorded	42		—		—		42
Reductions for securities sold during the period	(9)		—		—		(9)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	8		3		—		11
Write-offs charged against the allowance	1		—		—		1
Balance, end of period	$	104	$	15	$	1	$	120
For the nine months ended September 30, 2023:
Balance, beginning of period	$	27	$	10	$	—	$	37
Credit losses recognized on securities for which credit losses were not previously recorded	44		—		1		45
Reductions for securities sold during the period	(10)		—		—		(10)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	—		2		—		2
Write-offs charged against the allowance	(6)		—		—		(6)
Balance, end of period	$	55	$	12	$	1	$	68

Unrealized Losses for Fixed Maturity Securities Available-for-Sale

The Company’s determination of whether a decline in value necessitates the recording of an allowance for credit losses includes an analysis of whether the issuer is current on its contractual payments, evaluating whether it is probable that the Company will be able to collect all amounts due according to the contractual terms of the security and analyzing the overall ability of the Company to recover the amortized cost of the investment.

The following tables present the estimated fair value and gross unrealized losses for the 5,308 and 5,788 fixed maturity securities for which both the estimated fair value had declined and remained below amortized cost and an allowance for credit loss has not been recorded as of September 30, 2024 and December 31, 2023 (dollars in millions). These investments are presented by class and grade of security, as well as the length of time the related fair value has continuously remained below amortized cost.


	Less than 12 months				12 months or greater				Total
September 30, 2024:	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
Investment grade securities:
Corporate	$	3,871	$	71	$	21,471	$	3,036	$	25,342	$	3,107
Canadian government	159		6		432		35		591		41
Japanese government	2,408		159		2,489		677		4,897		836
ABS	1,054		22		2,039		148		3,093		170
CMBS	188		12		1,156		96		1,344		108
RMBS	—		—		636		76		636		76
U.S. government	264		2		711		210		975		212
State and political subdivisions	—		—		532		81		532		81
Other foreign government	770		10		2,009		302		2,779		312
Total investment grade securities	8,714		282		31,475		4,661		40,189		4,943
Below investment grade securities:
Corporate	392		14		413		62		805		76

ABS	13		2		44		5		57		7
CMBS	—		—		—		—		—		—
Other foreign government	—		—		190		48		190		48
Total below investment grade securities	405		16		647		115		1,052		131
Total fixed maturity securities	$	9,119	$	298	$	32,122	$	4,776	$	41,241	$	5,074


	Less than 12 months				12 months or greater				Total
December 31, 2023:	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
Investment grade securities:
Corporate	$	2,134	$	70	$	24,207	$	3,524	$	26,341	$	3,594
Canadian government	—		—		459		33		459		33
Japanese government	876		50		2,193		452		3,069		502
ABS	336		5		3,025		223		3,361		228
CMBS	160		5		1,328		190		1,488		195
RMBS	115		3		681		99		796		102
U.S. government	614		10		717		204		1,331		214
State and political subdivisions	73		1		864		128		937		129
Other foreign government	254		3		2,290		333		2,544		336
Total investment grade securities	4,562		147		35,764		5,186		40,326		5,333
Below investment grade securities:
Corporate	295		36		649		121		944		157


ABS	—		—		68		10		68		10
CMBS	—		—		4		1		4		1


Other foreign government	—		—		193		52		193		52
Total below investment grade securities	295		36		914		184		1,209		220
Total fixed maturity securities	$	4,857	$	183	$	36,678	$	5,370	$	41,535	$	5,553

The Company did not intend to sell, and more likely than not would not be required to sell, the securities outlined in the tables above, as of the dates indicated. However, unforeseen facts and circumstances may cause the Company to sell fixed maturity securities in the ordinary course of managing its portfolio to meet certain diversification, credit quality and liquidity guidelines. Changes in unrealized losses are primarily driven by changes in risk-free interest rates and credit spreads.

Net Investment Income

Major categories of net investment income consist of the following (dollars in millions):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale	$	933	$	707	$	2,574	$	2,035
Equity securities	2		2		5		5
Mortgage loans	103		84		290		238
Policy loans	14		13		42		39
Funds withheld at interest	88		88		253		240
Limited partnerships and real estate joint ventures	46		41		74		114
Short-term investments and cash and cash equivalents	48		28		126		71

Other invested assets	(6)		2		(5)		14
Investment income	1,228		965		3,359		2,756
Investment expense	(40)		(43)		(128)		(121)
Net investment income	$	1,188	$	922	$	3,231	$	2,635

Investment Related Gains (Losses), Net

Investment related gains (losses), net consist of the following (dollars in millions):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale:
Change in allowance for credit losses	$	(9)	$	7	$	(45)	$	(31)
Impairments on fixed maturity securities	—		—		(1)		(1)
Realized gains on investment activity	72		12		172		54
Realized losses on investment activity	(113)		(61)		(477)		(173)
Net gains (losses) on equity securities	6		(2)		5		(4)
Change in mortgage loan allowance for credit losses	(12)		(17)		(20)		(23)
Limited partnerships and real estate joint venture impairment losses	—		—		(8)		—
Change in fair value of certain limited partnership investments	17		25		18		32
Net gains (losses) on freestanding derivatives	87		(98)		(131)		(222)
Net gains (losses) on embedded derivatives	(112)		1		(9)		18
Other, net	(14)		7		(2)		24
Total investment related gains (losses), net	$	(78)	$	(126)	$	(498)	$	(326)

Collateral Arrangements

The Company enters into various collateral arrangements with counterparties that require both the pledging and acceptance of invested assets as collateral. Pledged invested assets are included in the condensed consolidated balance sheets. Invested assets received as collateral are held in separate custodial accounts and are not recorded on the Company’s condensed consolidated balance sheets. Subject to certain constraints, the Company is permitted by contract to sell or repledge collateral it receives; however, as of September 30, 2024 and December 31, 2023, none of the collateral received had been sold or repledged.

The Company also holds invested assets on deposit to meet regulatory requirements and holds assets in trust to satisfy collateral requirements under derivative transactions and certain third-party reinsurance treaties.

The following table includes invested assets on deposit, invested assets pledged and received as collateral, assets in trust held to satisfy collateral requirements and FHLB common stock restricted as to sale as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Invested assets on deposit (regulatory deposits)	$	12	$	10	$	12	$	9
Invested assets pledged as collateral	891		814		572		517
Invested assets received as collateral	n/a		2,419		n/a		1,827
Assets in trust held to satisfy collateral requirements	47,251		45,545		32,758		30,359
FHLB common stock restricted as to sale	72		72		63		63

Securities Lending and Repurchase/Reverse Repurchase Agreements

The following table provides the estimated fair value of securities relating to securities lending and repurchase/reverse repurchase agreements as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024						December 31, 2023
	Securities Loaned, Pledged, or Sold (1)		Securities Borrowed or Collateral Received from Counterparties (2)		Cash Collateral Received from Counterparties (3)		Securities Loaned, Pledged, or Sold (1)		Securities Borrowed or Collateral Received from Counterparties (2)		Cash Collateral Received from Counterparties (3)
Securities lending transactions	$	782	$	1,042	$	—	$	732	$	1,013	$	—
Repurchase/reverse repurchase transactions	1,923		930		1,044		1,333		517		820

(1)Securities loaned or pledged through securities lending transactions or sold to counterparties through repurchase transactions are included within fixed maturity securities. Collateral associated with certain securities lending transactions is not included within this table as the collateral pledged to the counterparty is the right to reinsurance treaty cash flows. Certain securities lending transactions do not require collateral.

(2)Securities borrowed or received as collateral through securities lending transactions or purchased from counterparties through reverse repurchase transactions are not reflected on the condensed consolidated balance sheets.

(3)A payable for the cash received by the Company is included within other liabilities.

The following tables present the estimated fair value of securities by the remaining contractual maturity of the Company’s securities lending and repurchase agreements as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024										December 31, 2023
	Remaining Contractual Maturity of the Agreements										Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30 – 90 Days		Greater than 90 Days		Total		Overnight and Continuous		Up to 30 Days		30 – 90 Days		Greater than 90 Days		Total
Securities lending transactions:
Corporate	$	—	$	77	$	142	$	199	$	418	$	—	$	—	$	94	$	41	$	135

Japanese government	—		—		—		251		251		—		88		—		480		568
ABS	—		—		12		3		15		—		—		—		—		—
CMBS	—		—		48		—		48		—		—		—		—		—
RMBS	—		—		14		—		14		—		—		—		—		—
U.S. government	—		—		—		9		9		—		—		—		—		—
State and political subdivisions	—		—		—		6		6		—		—		—		11		11
Other foreign government	—		—		11		10		21		—		—		13		5		18
Total	—		77		227		478		782		—		88		107		537		732
Repurchase/reverse repurchase transactions:
Corporate	—		—		—		554		554		—		—		—		553		553

Japanese government	—		—		—		393		393		—		—		—		158		158
ABS	—		—		—		299		299		—		—		—		229		229
CMBS	—		—		—		254		254		—		—		—		221		221
RMBS	—		—		—		52		52		—		—		—		52		52
U.S. government	—		—		—		268		268		—		—		—		14		14

Other foreign government	—		—		—		103		103		—		—		—		106		106
Total	—		—		—		1,923		1,923		—		—		—		1,333		1,333
Total transactions	$	—	$	77	$	227	$	2,401	$	2,705	$	—	$	88	$	107	$	1,870	$	2,065

Mortgage Loans

As of September 30, 2024, mortgage loans were geographically dispersed throughout the U.S. with the largest concentrations in California (12.4%), Texas (9.7%) and Washington (6.3%), in addition to loans secured by properties in Canada (7.6%) and the United Kingdom (2.6%). The recorded investment in mortgage loans presented below is gross of unamortized deferred loan origination fees and expenses and allowance for credit losses.

The following table presents the distribution of the Company’s recorded investment in mortgage loans by property type as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024				December 31, 2023
Property type:	Carrying Value		% of Total		Carrying Value		% of Total
Office	$	1,709	20.1	%	$	1,700	22.8	%
Retail	2,748		32.4		2,437		32.7
Industrial	2,503		29.4		1,947		26.1
Apartment	1,076		12.7		913		12.2
Hotel	417		4.9		413		5.5
Other commercial	40		0.5		49		0.7
Recorded investment	8,493		100.0	%	7,459		100.0	%
Unamortized balance of loan origination fees and expenses	(18)				(15)
Allowance for credit losses	(87)				(67)
Total mortgage loans	$	8,388			$	7,377

The following table presents the maturities of the Company’s recorded investment in mortgage loans as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024				December 31, 2023
	Recorded Investment		% of Total		Recorded Investment		% of Total
Due within five years	$	3,944	46.4	%	$	3,228	43.3	%
Due after five years through ten years	3,643		42.9		3,334		44.7
Due after ten years	906		10.7		897		12.0
Total	$	8,493	100.0	%	$	7,459	100.0	%

The following tables set forth certain key credit quality indicators of the Company’s recorded investment in mortgage loans as of September 30, 2024 and December 31, 2023 (dollars in millions):


	Recorded Investment
	Debt Service Ratios						Construction loans
	>1.20x		1.00x – 1.20x		<1.00x				Total		% of Total
September 30, 2024:
Loan-to-Value Ratio
0% – 59.99%	$	4,327	$	202	$	83	$	13	$	4,625	54.5	%
60% – 69.99%	2,148		237		63		45		2,493		29.4
70% – 79.99%	737		102		36		—		875		10.2
80% or greater	339		55		106		—		500		5.9
Total	$	7,551	$	596	$	288	$	58	$	8,493	100.0	%


	Recorded Investment
	Debt Service Ratios						Construction loans
	>1.20x		1.00x – 1.20x		<1.00x				Total		% of Total
December 31, 2023:
Loan-to-Value Ratio
0% – 59.99%	$	3,672	$	272	$	27	$	46	$	4,017	53.9	%
60% – 69.99%	1,947		154		44		—		2,145		28.8
70% – 79.99%	843		52		34		—		929		12.4
80% or greater	198		70		100		—		368		4.9
Total	$	6,660	$	548	$	205	$	46	$	7,459	100.0	%

The following table sets forth credit quality grades by year of origination of the Company’s recorded investment in mortgage loans as of September 30, 2024 and December 31, 2023 (dollars in millions):


	Recorded Investment
	Year of Origination
	2024		2023		2022		2021		2020		Prior		Total
September 30, 2024:
Internal credit quality grade:
High investment grade	$	352	$	473	$	641	$	613	$	268	$	2,054	$	4,401
Investment grade	730		752		728		442		239		803		3,694
Average	—		12		—		—		18		233		263
Watch list	—		—		—		—		—		112		112
In or near default	—		—		—		—		—		23		23
Total	$	1,082	$	1,237	$	1,369	$	1,055	$	525	$	3,225	$	8,493


	Recorded Investment
	Year of Origination
	2023		2022		2021		2020		2019		Prior		Total
December 31, 2023:
Internal credit quality grade:
High investment grade	$	475	$	635	$	573	$	304	$	491	$	1,734	$	4,212
Investment grade	754		668		384		245		313		564		2,928
Average	12		—		—		18		63		203		296
Watch list	—		—		—		—		—		16		16
In or near default	—		—		—		—		—		7		7
Total	$	1,241	$	1,303	$	957	$	567	$	867	$	2,524	$	7,459

The following table presents the current and past due composition of the Company’s recorded investment in mortgage loans as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024		December 31, 2023
Current	$	8,441	$	7,431
31 – 60 days past due	23		28
61 – 90 days past due	6		—
Greater than 90 days past due	23		—
Total	$	8,493	$	7,459

The following table presents information regarding the Company’s allowance for credit losses for mortgage loans for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Balance, beginning of period	$	75	$	57	$	67	$	51
Change in allowance for credit losses	12		17		20		23

Balance, end of period	$	87	$	74	$	87	$	74

During the nine months ended September 30, 2024, the Company modified eight mortgage loans for borrowers experiencing financial difficulty providing interest only payments and maturity extensions. The total recorded investment before allowance for credit losses for the modified loans was $90 million as of September 30, 2024. During the nine months ended September 30, 2023, the Company modified six mortgage loans providing interest only payments and maturity extensions. The total recorded investment before allowance for credit losses for modified loans was $68 million as of September 30, 2023.

During the nine months ended September 30, 2024, the Company converted three mortgage loans totaling $23 million to owned properties through deed in lieu of foreclosure. Additionally, the Company reclassified one property in the amount of $21 million, that was previously held for sale, to held for use. During the nine months ended September 30, 2023, the Company converted two mortgage loans in the total amount of $36 million to owned properties as a result of foreclosures.

The Company had one mortgage loan in the amount of $23 million and two mortgage loans in the amount of $41 million that were on nonaccrual status as of September 30, 2024 and 2023, respectively. The Company did not acquire any impaired mortgage loans during the nine months ended September 30, 2024 and 2023.

Policy Loans

The majority of policy loans are associated with one client. These policy loans present no credit risk as the amount of the loan cannot exceed the obligation due to the ceding company upon the death of the insured or surrender of the underlying policy. The provisions of the treaties in force and the underlying policies determine the policy loan interest rates. The Company earns a spread between the interest rate earned on policy loans and the interest rate credited to corresponding liabilities.

Funds Withheld at Interest

As of September 30, 2024, $3.1 billion of the funds withheld at interest balance is primarily associated with two clients. For reinsurance agreements written on a modco basis and certain agreements written on a coinsurance funds withheld basis, assets equal to the net statutory reserves are withheld and legally owned and managed by the ceding company and are reflected as funds withheld at interest. In the event of a ceding company’s insolvency, the Company would need to assert a claim on the assets supporting its reserve liabilities. However, the risk of loss to the Company is mitigated by its ability to offset amounts it owes the ceding company for claims or allowances against amounts owed to the Company from the ceding company.

Limited Partnerships and Real Estate Joint Ventures

The carrying values of limited partnerships and real estate joint ventures as of September 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	September 30, 2024		December 31, 2023
Limited partnerships – equity method	$	1,029	$	925
Limited partnerships – fair value	920		856
Limited partnerships – cost method	55		71
Real estate joint ventures	968		783
Total limited partnerships and real estate joint ventures	$	2,972	$	2,635

Other Invested Assets

Other invested assets include lifetime mortgages, derivative contracts and FHLB common stock. Other invested assets also includes real estate held for investment, which is included in “Other” in the table below. As of September 30, 2024 and December 31, 2023, the allowance for credit losses for lifetime mortgages was not material. The carrying values of other invested assets as of September 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	September 30, 2024		December 31, 2023

Lifetime mortgages	$	1,026	$	944
Derivatives	199		97
FHLB common stock	72		63
Other	64		67
Total other invested assets	$	1,361	$	1,171

Future Policy Benefits (Premiums and Interest) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	$ 1,354	$ 1,016
Liability for Future Policy Benefit, Gross Premium Income	12,442	9,993
Americas [Member] \| Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	432	404
Liability for Future Policy Benefit, Gross Premium Income	4,658	4,435
Americas [Member] \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	243	136
Liability for Future Policy Benefit, Gross Premium Income	2,816	979
CANADA \| Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	161	158
Liability for Future Policy Benefit, Gross Premium Income	825	808
CANADA \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	93	1
Liability for Future Policy Benefit, Gross Premium Income	120	68
EMEA [Member] \| Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	31	29
Liability for Future Policy Benefit, Gross Premium Income	1,101	1,058
EMEA [Member] \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	166	129
Liability for Future Policy Benefit, Gross Premium Income	669	515
Asia Pacific [Member] \| Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	121	113
Liability for Future Policy Benefit, Gross Premium Income	2,095	1,959
Asia Pacific [Member] \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	107	46
Liability for Future Policy Benefit, Gross Premium Income	$ 158	$ 171

Future Policy Benefits (Tables)

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Liability for Future Policy Benefit, Activity

Liability for Future Policy Benefits – Traditional Business


For the nine months ended September 30, 2024:	U.S. and Latin America – Traditional			Canada – Traditional			Europe, Middle East and Africa – Traditional			Asia Pacific – Traditional
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	76,943		$	22,689		$	15,328		$	42,741
Effect of changes in cash flow assumptions	67			(592)			187			975
Effect of actual variances from expected experience	(510)			183			421			210
Adjusted balance, beginning of year	76,500			22,280			15,936			43,926
Issuances (1)	4,980			385			861			2,825
Interest accrual (2)	2,617			560			394			843
Net premiums collected (3)	(4,390)			(737)			(1,119)			(1,653)
Derecognition (4)	(1,000)			—			—			—
Foreign currency translation	(6)			(480)			751			(139)
Ending balance at original discount rate	78,701			22,008			16,823			45,802
Effect of changes in discount rate assumptions	(4,225)			(4,388)			(2,803)			(12,360)
Balance, end of period	$	74,476		$	17,620		$	14,020		$	33,442

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	89,036		$	26,275		$	16,756		$	47,370
Effect of changes in cash flow assumptions	36			(620)			212			1,048
Effect of actual variances from expected experience	(623)			177			417			121
Adjusted balance, beginning of year	88,449			25,832			17,385			48,539
Issuances (1)	4,980			385			861			2,825
Interest accrual (2)	3,049			721			425			964
Benefit payments (5)	(4,292)			(799)			(1,115)			(1,476)
Derecognition (4)	(1,008)			—			—			—
Foreign currency translation	(5)			(563)			794			(138)
Ending balance at original discount rate	91,173			25,576			18,350			50,714
Effect of changes in discount rate assumptions	(5,364)			(3,651)			(3,131)			(14,496)
Balance, end of period	$	85,809		$	21,925		$	15,219		$	36,218

Liability for future policy benefits	$	11,333		$	4,305		$	1,199		$	2,776
Less: reinsurance recoverable	(726)			(272)			(24)			(85)
Net liability for future policy benefits	$	10,607		$	4,033		$	1,175		$	2,691

Weighted average duration of the liability (in years)	12			14			8			15
Weighted average interest accretion rate	4.6		%	3.6		%	3.3		%	2.6		%
Weighted average current discount rate	5.1		%	4.8		%	5.5		%	4.6		%

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.


For the nine months ended September 30, 2023:	U.S. and Latin America – Traditional			Canada – Traditional			Europe, Middle East and Africa – Traditional			Asia Pacific – Traditional
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	74,207		$	21,330		$	14,244		$	40,506
Effect of changes in cash flow assumptions	905			96			199			(180)
Effect of actual variances from expected experience	68			408			75			9
Adjusted balance, beginning of year	75,180			21,834			14,518			40,335
Issuances (1)	3,186			369			884			2,839
Interest accrual (2)	2,619			562			373			794
Net premiums collected (3)	(4,491)			(700)			(1,067)			(1,493)
Derecognition (4)	(35)			—			—			—
Foreign currency translation	5			(54)			(77)			(1,517)
Ending balance at original discount rate	76,464			22,011			14,631			40,958
Effect of changes in discount rate assumptions	(10,563)			(5,879)			(3,145)			(13,178)
Balance, end of period	$	65,901		$	16,132		$	11,486		$	27,780

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	85,285		$	24,655		$	15,454		$	44,785
Effect of changes in cash flow assumptions	922			108			246			(171)
Effect of actual variances from expected experience	73			413			84			(40)
Adjusted balance, beginning of year	86,280			25,176			15,784			44,574
Issuances (1)	3,186			369			884			2,839
Interest accrual (2)	3,023			720			402			907
Benefit payments (5)	(4,097)			(752)			(1,033)			(1,287)
Derecognition (4)	(54)			—			—			—
Foreign currency translation	5			(60)			(77)			(1,559)
Ending balance at original discount rate	88,343			25,453			15,960			45,474
Effect of changes in discount rate assumptions	(13,185)			(5,520)			(3,402)			(15,342)
Balance, end of period	$	75,158		$	19,933		$	12,558		$	30,132

Liability for future policy benefits	$	9,257		$	3,801		$	1,072		$	2,352
Less: reinsurance recoverable	(658)			(259)			(33)			(115)
Net liability for future policy benefits	$	8,599		$	3,542		$	1,039		$	2,237

Weighted average duration of the liability (in years)	11			14			8			15
Weighted average interest accretion rate	4.7		%	3.7		%	3.5		%	2.7		%
Weighted average current discount rate	5.9		%	5.4		%	6.0		%	4.9		%

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.

For the nine months ended September 30, 2024:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Traditional

$12.5 billion

$(31) million

$(113) million

$7 million

Canada – Traditional

$3.6 billion

$(28) million

$(6) million

$(134) million

Europe, Middle East and Africa – Traditional

$1.5 billion

$25 million

$(4) million

$(109) million

Asia Pacific – Traditional

$4.9 billion

$73 million

$(89) million

$(171) million

For the nine months ended September 30, 2023:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Traditional

$12.0 billion

$17 million

$5 million

$(1) million

Canada – Traditional

$3.4 billion

$12 million

$5 million

$(267) million

Europe, Middle East and Africa – Traditional

$1.3 billion

$47 million

$9 million

$(88) million

Asia Pacific – Traditional

$4.5 billion

$9 million

$(49) million

$(233) million

Liability for Future Policy Benefits – Financial Solutions Business

The Company reviews actual and anticipated experience compared to the assumptions used to establish policy benefits on a quarterly basis and will update those assumptions if evidence suggests that they should be revised. The Company expects to complete its annual review and any necessary updates of cash flow assumptions used to calculate the liability for future policy benefits during the third quarter of each year. Updates may occur in other quarters if information becomes available during the quarter that indicates an assumption update is necessary.


For the nine months ended September 30, 2024:	U.S. and Latin America – Financial Solutions			Canada – Financial Solutions			Europe, Middle East and Africa – Financial Solutions			Asia Pacific – Financial Solutions
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	1,455		$	3,184		$	54,832		$	2,057
Effect of changes in cash flow assumptions	12			—			(93)			1
Effect of actual variances from expected experience	(3)			(7)			1,025			(7)
Adjusted balance, beginning of year	1,464			3,177			55,764			2,051
Issuances (1)	2,755			4,983			9,881			6,443
Interest accrual (2)	33			96			1,364			22
Net premiums collected (3)	(2,867)			(4,284)			(4,046)			(6,823)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(56)			2,596			(52)
Ending balance at original discount rate	1,385			3,916			65,559			1,641
Effect of changes in discount rate assumptions	(179)			(204)			(8,677)			(232)
Balance, end of period	$	1,206		$	3,712		$	56,882		$	1,409

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	6,843		$	3,210		$	60,938		$	8,019
Effect of changes in cash flow assumptions	20			—			(90)			10
Effect of actual variances from expected experience	—			(7)			1,026			(8)
Adjusted balance, beginning of year	6,863			3,203			61,874			8,021
Issuances (1)	2,882			4,983			9,881			6,443
Interest accrual (2)	276			189			1,530			129
Benefit payments (5)	(538)			(310)			(3,676)			(326)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(3)			2,918			108
Ending balance at original discount rate	9,483			8,062			72,527			14,375
Effect of changes in discount rate assumptions	(215)			(33)			(9,571)			(1,544)
Balance, end of period	$	9,268		$	8,029		$	62,956		$	12,831

Cumulative amount of fair value hedging adjustments	$	32		$	—		$	—		$	—

Liability for future policy benefits	$	8,094		$	4,317		$	6,074		$	11,422
Less: reinsurance recoverable	(1,241)			—			—			—
Net liability for future policy benefits	$	6,853		$	4,317		$	6,074		$	11,422

Weighted average duration of the liability (in years)	8			13			10			15
Weighted average interest accretion rate	3.9		%	4.1		%	3.1		%	1.6		%
Weighted average current discount rate	4.9		%	4.7		%	5.0		%	2.8		%

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.


For the nine months ended September 30, 2023:	U.S. and Latin America – Financial Solutions			Canada – Financial Solutions			Europe, Middle East and Africa – Financial Solutions			Asia Pacific – Financial Solutions
Present Value of Expected Net Premiums
Beginning of year balance at original discount rate	$	1,671		$	3,394		$	38,782		$	1,605
Effect of changes in cash flow assumptions	(69)			(54)			(561)			—
Effect of actual variances from expected experience	(20)			(5)			387			(10)
Adjusted balance, beginning of year	1,582			3,335			38,608			1,595
Issuances (1)	923			—			6,278			2,131
Interest accrual (2)	37			80			678			19
Net premiums collected (3)	(1,064)			(249)			(3,045)			(1,573)
Derecognition (4)	—			—			—			—
Foreign currency translation	2			(6)			15			(236)
Ending balance at original discount rate	1,480			3,160			42,534			1,936
Effect of changes in discount rate assumptions	(336)			(482)			(9,571)			(178)
Balance, end of period	$	1,144		$	2,678		$	32,963		$	1,758

Present Value of Expected Future Policy Benefits
Beginning of year balance at original discount rate	$	5,823		$	3,447		$	44,330		$	6,561
Effect of changes in cash flow assumptions	(91)			(76)			(595)			—
Effect of actual variances from expected experience	(28)			(13)			374			(12)
Adjusted balance, beginning of year	5,704			3,358			44,109			6,549
Issuances (1)	931			—			6,278			2,141
Interest accrual (2)	173			81			807			65
Benefit payments (5)	(405)			(248)			(2,748)			(199)
Derecognition (4)	(16)			—			—			—
Foreign currency translation	1			(5)			37			(948)
Ending balance at original discount rate	6,388			3,186			48,483			7,608
Effect of changes in discount rate assumptions	(788)			(480)			(10,552)			(997)
Balance, end of period	$	5,600		$	2,706		$	37,931		$	6,611

Liability for future policy benefits	$	4,456		$	28		$	4,968		$	4,853
Less: reinsurance recoverable	—			—			—			—
Net liability for future policy benefits	$	4,456		$	28		$	4,968		$	4,853

Weighted average duration of the liability (in years)	8			7			9			15
Weighted average interest accretion rate	3.5		%	3.3		%	2.3		%	1.3		%
Weighted average current discount rate	5.9		%	5.5		%	5.3		%	2.4		%

(2)Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

(3)Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.

For the nine months ended September 30, 2024:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Financial Solutions

$8.1 billion

$8 million

$3 million

$124 million

Canada – Financial Solutions

$4.1 billion

None

$168 million

Europe, Middle East and Africa – Financial Solutions

$7.0 billion

$3 million

$1 million

$(241) million

Asia Pacific – Financial Solutions

$12.7 billion

$9 million

$(1) million

$(540) million

For the nine months ended September 30, 2023:

Segment

Liability for future policy benefits at original discount rate

Changes in cash flow assumptions

Actual-to-expected variance

Impact of updating discount rate recognized in OCI

U.S. and Latin America – Financial Solutions

$4.9 billion

$(22) million

$(8) million

$(119) million

Canada – Financial Solutions

$26 million

$(22) million

$(8) million

$1 million

Europe, Middle East and Africa – Financial Solutions

$5.9 billion

$(34) million

$(13) million

$(67) million

Asia Pacific – Financial Solutions

$5.7 billion

None

$(2) million

$(359) million

Future Policy Benefits Reconciliation To Balance Sheet

Reconciliation and Other Disclosures

The reconciliation of the rollforward of the liability for future policy benefits to the condensed consolidated balance sheets as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,
	2024		2023
Liability for future policy benefits included in the rollforwards:
Traditional:
U.S. and Latin America	$	11,333	$	9,257
Canada	4,305		3,801
Europe, Middle East and Africa	1,199		1,072
Asia Pacific	2,776		2,352
Financial Solutions:
U.S. and Latin America	8,094		4,456
Canada	4,317		28
Europe, Middle East and Africa	6,074		4,968
Asia Pacific	11,422		4,853
Other long-duration contracts	117		126
Claims liability and incurred but not reported claims	5,406		5,062
Unearned revenue liability	890		499
Total liability for future policy benefits	$	55,933	$	36,474

Undiscounted and Discounted Future Gross Premiums and Expected Future Benefits


	September 30,
	2024				2023
	Undiscounted		Discounted		Undiscounted		Discounted
Expected future gross premiums
Traditional:
U.S. and Latin America	$	182,731	$	87,831	$	177,307	$	77,008
Canada	54,520		21,928		54,378		19,902
Europe, Middle East and Africa	28,668		15,609		24,778		13,131
Asia Pacific	103,658		42,453		90,652		35,372
Financial Solutions:
U.S. and Latin America	2,816		1,828		3,012		1,794
Canada	6,306		4,101		4,545		2,856
Europe, Middle East and Africa	111,948		57,940		68,410		36,603
Asia Pacific	4,089		2,988		3,797		2,828

Expected future benefit payments
Traditional:
U.S. and Latin America	$	191,246	$	85,809	$	188,177	$	75,158
Canada	56,312		21,925		56,423		19,933
Europe, Middle East and Africa	28,796		15,219		24,509		12,558
Asia Pacific	99,908		36,218		87,120		30,132
Financial Solutions:
U.S. and Latin America	15,257		9,268		10,233		5,600
Canada	17,933		8,029		4,285		2,706
Europe, Middle East and Africa	120,917		62,956		71,027		37,931
Asia Pacific	22,330		12,831		10,522		6,611

Gross Premiums And Interest Expense Liability Future Policy Benefits


	Gross Premiums				Interest Expense
	September 30,				September 30,
	2024		2023		2024		2023
Traditional:
U.S. and Latin America	$	4,658	$	4,435	$	432	$	404
Canada	825		808		161		158
Europe, Middle East and Africa	1,101		1,058		31		29
Asia Pacific	2,095		1,959		121		113
Financial Solutions:
U.S. and Latin America	2,816		979		243		136
Canada	120		68		93		1
Europe, Middle East and Africa	669		515		166		129
Asia Pacific	158		171		107		46
Total	$	12,442	$	9,993	$	1,354	$	1,016

During the nine months ended September 30, 2024 and 2023, no material charges were incurred resulting from net premiums exceeding gross premiums.

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Reported Value Measurement [Member]

Assets

Mortgage loans on real estate (net of valuation allowances)

^[1]

$ 8,388

$ 7,377

Policy loans

^[1]

1,285

1,206

Funds withheld at interest

^[1]

5,716

6,005

Cash and cash equivalents

^[1]

1,665

1,635

Short-term investments

^[1]

Other invested assets

^[1]

1,108

1,019

Accrued investment income

^[1]

995

759

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

^[1]

Liabilities

Interest-sensitive contract liabilities

^[1],[2]

22,401

21,797

Funds Held under Reinsurance Agreements, Liability

4,860

4,689

^[1]

Long-term debt

^[1]

5,067

4,427

Estimate of Fair Value Measurement [Member]

Assets

Mortgage loans on real estate (net of valuation allowances)

8,187

6,975

Policy loans

1,285

1,206

Funds withheld at interest

5,424

5,547

Cash and cash equivalents

1,665

1,635

Short-term investments

Other invested assets

916

841

Accrued investment income

995

759

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

Liabilities

Interest-sensitive contract liabilities

^[2]

22,559

21,665

Funds Held under Reinsurance Agreements, Liability

4,644

4,400

Long-term Debt, Fair Value

5,025

4,243

Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 1 Member

Assets

Mortgage loans on real estate (net of valuation allowances)

Policy loans

Funds withheld at interest

Cash and cash equivalents

1,665

1,635

Short-term investments

Other invested assets

Accrued investment income

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

Liabilities

Interest-sensitive contract liabilities

^[2]

Funds Held under Reinsurance Agreements, Liability

Long-term Debt, Fair Value

Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 2 Member

Assets

Mortgage loans on real estate (net of valuation allowances)

Policy loans

1,285

1,206

Funds withheld at interest

Cash and cash equivalents

Short-term investments

Other invested assets

Accrued investment income

995

759

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

Liabilities

Interest-sensitive contract liabilities

^[2]

Funds Held under Reinsurance Agreements, Liability

Long-term Debt, Fair Value

Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 3 Member

Assets

Mortgage loans on real estate (net of valuation allowances)

8,187

6,975

Policy loans

Funds withheld at interest

5,424

5,547

Cash and cash equivalents

Short-term investments

Other invested assets

841

774

Accrued investment income

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

Liabilities

Interest-sensitive contract liabilities

^[2]

22,559

21,665

Funds Held under Reinsurance Agreements, Liability

4,644

4,400

Long-term Debt, Fair Value

5,025

4,243

Mortgage loans on real estate (net of valuation allowances)

8,388

7,377

Policy loans

1,285

1,206

Funds withheld at interest

5,545

5,683

Cash and cash equivalents

5,195

2,970

Short-term investments

381

222

Other invested assets

1,361

1,171

Accrued investment income

995

759

Interest-sensitive contract liabilities

34,357

30,273

Funds Held under Reinsurance Agreements, Liability

4,809

4,483

Long-term debt

5,067

4,427

Reinsurance Recoverables, Gross

$ 2,100

$ 2,200

[1]	Carrying values presented herein may differ from those in the Company’s condensed consolidated balance sheets because certain items within the respective financial statement captions may be measured at fair value on a recurring basis.
[2]	Carrying values and estimated fair values presented herein include a reinsurance recoverable of $2.1 billion and $2.2 billion as of September 30, 2024 and December 31, 2023, respectively.

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Available For Sale Securities Debt Maturities Amortized Cost

Due in one year or less

$ 1,699

Due after one year through five years

11,881

Due after five year through ten years

13,649

Due after ten years

45,155

Asset and mortgage-backed securities

9,222

Total

81,606

$ 64,977

Available For Sale Securities Debt Maturities Fair Value

Due in one year or less

1,701

Due after one year through five years

11,829

Due after five year through ten years

13,480

Due after ten years

42,210

Asset and mortgage-backed securities

8,929

Total

$ 78,149

^[1]

$ 60,467

^[2]

[1]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.
[2]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million

Reinsurance (Funds Withheld) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	$ 5,545	$ 5,683
Fixed Maturities [Member]
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	2,390	2,442
Equity securities
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	2	2
Mortgage Loans on Real Estate [Member]
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	452	451
Funds withheld at interest
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	1,486	1,545
Partnership
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	48	35
Short-term Investments [Member]
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	58	30
Accrued Income Receivable
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	32	28
Other Assets
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	0	1
Assets
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	$ 4,468	$ 4,534

Market Risk Benefits

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Market Risk Benefits

MARKET RISK BENEFITS

The following table provides the balances of and changes in the Company’s market risk benefits for the nine months ended September 30, 2024 and 2023 (dollars in millions):


	U.S. and Latin America – Financial Solutions
	Nine months ended September 30,
	2024		2023
Balance, beginning of year	$	249	$	247
Balance, beginning of year, before effect of changes in the instrument-specific credit risk	253		263
Interest accrual	8		9
Attributed fees collected	19		19
Benefit payments	—		1
Effect of changes in future assumptions	3		16
Effect of changes in interest rates	(3)		(54)
Effect of changes in equity markets	(39)		(25)
Effect of changes in volatility	—		(5)
Other market impacts	(13)		(11)
Actual policyholder behavior different from expected behavior	13		12
Balance, end of period, before effect of changes in the instrument-specific credit risk	241		225
Effect of changes in the instrument-specific credit risk	(8)		(9)
Balance, end of period	233		216
Less: reinsurance recoverable	—		—
Balance, end of period, after reinsurance	$	233	$	216

Net amount at risk	$	1,285	$	1,375
Weighted average attained age of contract holders (in years)	71		71

The reconciliation of the rollforward for market risk benefits to the condensed consolidated balance sheets as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,						September 30,
	2024						2023
	Asset (1)		Liability		Net		Asset (1)		Liability		Net
U.S. and Latin America – Financial Solutions	$	14	$	247	$	(233)	$	8	$	224	$	(216)
Total market risk benefits	$	14	$	247	$	(233)	$	8	$	224	$	(216)

(1)Included in Other assets.

Fair Value Measurement

See Note 12 – “Fair Value of Assets and Liabilities” for information about fair value measurement of assets and liabilities, except for market risk benefits.

Market risk benefits are classified within Level 3 on the fair value hierarchy. The fair value of market risk benefits is monitored through the use of attribution reports to quantify the effect of underlying sources of fair value change, including capital market inputs based on policyholder account values, interest rates and short-term and long-term implied volatility from period to period.

During the nine months ended September 30, 2024 and 2023, there were no material changes made to the inputs in the market risk benefits calculations, and nonfinancial assumptions were unchanged.

Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Derivative Instruments In Statement Of Financial Position Fair Value

The following table presents the notional amounts and gross fair value of derivative instruments prior to taking into account the netting effects of master netting agreements as of September 30, 2024 and December 31, 2023 (dollars in millions):


		September 30, 2024						December 31, 2023
	Primary Underlying Risk	Notional		Carrying Value / Fair Value				Notional		Carrying Value / Fair Value
		Amount		Assets		Liabilities		Amount		Assets		Liabilities
Derivatives not designated as hedging instruments:
Interest rate swaps	Interest rate	$	1,796	$	6	$	4	$	1,609	$	4	$	3
Interest rate options	Interest rate	2,266		—		—		5,555		7		—
Total return swaps	Interest rate	1,075		21		17		500		24		—
Interest rate futures	Interest rate	—		—		—		97		—		—
Foreign currency swaps	Foreign currency	150		35		—		150		27		—
Foreign currency forwards	Foreign currency	1,142		55		1		809		36		—
Foreign currency options	Foreign currency	350		2		—		—		—		—
Equity options	Equity	141		2		—		253		8		—
Equity futures	Equity	225		—		—		255		—		—
Credit default swaps	Credit	2,726		5		3		1,475		5		1
CPI swaps	CPI	445		7		3		468		11		3
Synthetic GICs	Interest rate	15,395		—		—		16,135		—		—
Embedded derivatives in:
Modco or funds withheld arrangements		—		274		454		—		356		527
Indexed annuity products		—		—		385		—		—		415
Total non-designated derivatives		25,711		407		867		27,306		478		949
Derivatives designated as hedging instruments:
Interest rate swaps	Interest rate	3,269		89		78		1,770		9		86
Forward bond purchase commitments	Interest rate	1,673		7		101		1,076		11		80
Foreign currency swaps	Foreign currency	2,026		37		71		809		7		64
Foreign currency forwards	Foreign currency	1,315		4		9		1,143		5		17
Total hedging derivatives		8,283		137		259		4,798		32		247
Total derivatives		$	33,994	$	544	$	1,126	$	32,104	$	510	$	1,196

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The gain or loss on the hedged item attributable to a change in interest rates or foreign currency and the offsetting gain or loss on the related interest rate or foreign currency swaps for the three and nine months ended September 30, 2024 and 2023 are as follows (dollars in millions):


Derivative Type	Hedged Item	Investment Related Gains (Losses), Net				Claims and Other Policy Benefits				Interest Credited
		Derivatives		Hedged Items		Derivatives		Hedged Items		Derivatives		Hedged Items
For the three months ended September 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	$	—	$	—	$	—	$	—	$	—	$	—
Interest rate swaps	Future policy benefits	—		—		31		(34)		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		42		(45)
For the three months ended September 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	(4)		3		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(2)		2
For the nine months ended September 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	2		(4)		—		—		—		—
Interest rate swaps	Future policy benefits	—		—		27		(32)		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		37		(43)
For the nine months ended September 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	(7)		5		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(2)		2

The following table presents the balance sheet classification, carrying amount and cumulative fair value hedging adjustments for items designated and qualifying as hedged items in fair value hedges (dollars in millions):


Hedged Item	Carrying Amount of the Hedged Assets / (Liabilities)				Cumulative Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets / (Liabilities)		Discontinued Fair Value Hedge Adjustments Included in the Cumulative Adjustments
	September 30, 2024		December 31, 2023		September 30, 2024	December 31, 2023	September 30, 2024	December 31, 2023
Foreign-denominated fixed maturity securities	$	—	$	89	n/a	n/a	n/a	n/a
Future policy benefits	(672)		—		(32)	—	(25)	—
Interest-sensitive contract liabilities	(970)		(25)		(43)	(1)	(23)	1

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the cash flow hedge components of AOCI, before income taxes, and where the gain or loss related to cash flow hedges is recognized on the condensed consolidated statements of income for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


	Three months ended September 30,
	2024		2023
Balance, beginning of period	$	(413)	$	(228)
Gains (losses), net deferred in other comprehensive income (loss)	167		(128)
Amounts reclassified to net investment income	20		8
Amounts reclassified to interest expense	(3)		(3)
Balance, end of period	$	(229)	$	(351)

	Nine months ended September 30,
	2024		2023
Balance, beginning of period	$	(218)	$	(205)
Gains (losses), net deferred in other comprehensive income (loss)	(44)		(154)
Amounts reclassified to net investment income	42		15
Amounts reclassified to interest expense	(9)		(7)
Balance, end of period	$	(229)	$	(351)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table presents the effect of derivatives in cash flow hedging relationships on the condensed consolidated statements of income for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


Derivative Type	Gains (Losses) Deferred in OCI		Gains (Losses) Reclassified into Income from AOCI
			Net Investment Income		Interest Expense
For the three months ended September 30, 2024:
Interest rate	$	57	$	(3)	$	3
Foreign currency	110		(17)		—
Total	$	167	$	(20)	$	3
For the three months ended September 30, 2023:
Interest rate	$	(113)	$	(4)	$	3
Foreign currency	(15)		(4)		—
Total	$	(128)	$	(8)	$	3

For the nine months ended September 30, 2024:
Interest rate	$	(33)	$	(9)	$	9
Foreign currency	(11)		(33)		—
Total	$	(44)	$	(42)	$	9
For the nine months ended September 30, 2023:
Interest rate	$	(107)	$	(4)	$	7
Foreign currency	(47)		(11)		—
Total	$	(154)	$	(15)	$	7

Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table illustrates the Company’s net investments in foreign operations (“NIFO”) hedges and the gains (losses) deferred in OCI for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


	Derivative Gains (Losses) Deferred in OCI
	Three months ended September 30,				Nine months ended September 30,
Derivative Type	2024		2023		2024		2023
Foreign currency swaps	$	—	$	—	$	—	$	—
Foreign currency forwards	(12)		29		24		8
Total	$	(12)	$	29	$	24	$	8

Derivatives Not Designated as Hedging Instruments [Table Text Block]

A summary of the effect of non-qualifying derivatives, including embedded derivatives, on the Company’s condensed consolidated statements of income for the three and nine months ended September 30, 2024 and 2023 is as follows (dollars in millions):


		Gains (Losses) for the three months ended September 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	13	$	(64)
Interest rate options	Investment related gains (losses), net	(3)		16
Total return swaps	Investment related gains (losses), net	7		(8)
Interest rate futures	Investment related gains (losses), net	—		—
Foreign currency swaps	Investment related gains (losses), net	(7)		8
Foreign currency forwards	Investment related gains (losses), net	77		(37)
Foreign currency options	Investment related gains (losses), net	2		—
Equity options	Investment related gains (losses), net	1		3
Equity futures	Investment related gains (losses), net	(12)		11
Credit default swaps	Investment related gains (losses), net	10		(26)
CPI swaps	Investment related gains (losses), net	(1)		—


Subtotal		87		(97)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	(112)		1
Indexed annuity products	Interest credited	(15)		3
Total non-qualifying derivatives		$	(40)	$	(93)

		Gains (Losses) for the nine months ended September 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	(31)	$	(74)
Interest rate options	Investment related gains (losses), net	(6)		(10)
Total return swaps	Investment related gains (losses), net	—		—
Interest rate futures	Investment related gains (losses), net	2		2
Foreign currency swaps	Investment related gains (losses), net	15		20
Foreign currency forwards	Investment related gains (losses), net	(85)		(130)
Foreign currency options	Investment related gains (losses), net	(1)		—
Equity options	Investment related gains (losses), net	(4)		(22)
Equity futures	Investment related gains (losses), net	(31)		(8)
Credit default swaps	Investment related gains (losses), net	14		(5)
CPI swaps	Investment related gains (losses), net	(2)		7


Subtotal		(129)		(220)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	(9)		18
Indexed annuity products	Interest credited	(27)		14
Total non-qualifying derivatives		$	(165)	$	(188)

Disclosure Of Credit Derivatives

The following table presents the estimated fair value, maximum amount of future payments and weighted average years to maturity of credit default swaps sold by the Company at September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024					December 31, 2023
Rating Agency Designation of Referenced Credit Obligations(1)	Estimated Fair Value of Credit Default Swaps		Maximum Amount of Future Payments under Credit Default Swaps (2)		Weighted Average Years to Maturity (3)	Estimated Fair Value of Credit Default Swaps		Maximum Amount of Future Payments under Credit Default Swaps (2)		Weighted Average Years to Maturity (3)
AAA/AA/A
Single name credit default swaps	$	(1)	$	410	17.8	$	2	$	420	18.1

BBB
Single name credit default swaps	3		145		2.3	4		165		2.8
Credit default swaps referencing indices	—		2,156		4.9	(1)		880		5.0
Subtotal	3		2,301		4.7	3		1,045		4.7
BB
Single name credit default swaps	—		5		1.7	(1)		10		2.2

B
Single name credit default swaps	—		10		1.5	—		—		0.0
Total	$	2	$	2,726	6.7	$	4	$	1,475	8.5

(1)The rating agency designations are based on ratings from Standard and Poor’s (“S&P”).

(2)Assumes the value of the referenced credit obligations is zero.

(3)The weighted average years to maturity of the credit default swaps is calculated based on weighted average notional amounts.

Offsetting Assets [Table Text Block]

The following table provides information relating to the netting of the Company’s derivative instruments as of September 30, 2024 and December 31, 2023 (dollars in millions):


	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments / Collateral (1)		Net Amount
September 30, 2024:
Derivative assets	$	270	$	(71)	$	199	$	(199)	$	—
Derivative liabilities	287		(71)		216		(216)		—
December 31, 2023:
Derivative assets	154		(57)		97		(97)		—
Derivative liabilities	254		(57)		197		(197)		—

(1)Includes initial margin posted to a central clearing partner for financial instruments and excludes the excess of collateral received/pledged from/to the counterparty.

Offsetting Liabilities [Table Text Block]

The following table provides information relating to the netting of the Company’s derivative instruments as of September 30, 2024 and December 31, 2023 (dollars in millions):


	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments / Collateral (1)		Net Amount
September 30, 2024:
Derivative assets	$	270	$	(71)	$	199	$	(199)	$	—
Derivative liabilities	287		(71)		216		(216)		—
December 31, 2023:
Derivative assets	154		(57)		97		(97)		—
Derivative liabilities	254		(57)		197		(197)		—

(1)Includes initial margin posted to a central clearing partner for financial instruments and excludes the excess of collateral received/pledged from/to the counterparty.

Reinsurance (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
Reinsurance (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Ceded Credit Risk [Line Items]
Claims Recoverable From Retrocessionaires Past Due	$ 4	$ 10
Embedded Derivative, Fair Value of Embedded Derivative Asset	51	206
Funds Held under Reinsurance Agreements, Liability	4,809	$ 4,483
Reinsurance, Excess Retention, Amount Reinsured, Per Life	8
Reinsurance Retention Excess Retention Amount Reinsured Per Life Update	30
Future Policy Benefits Remeasurement Gain Loss After Reinsurance	$ 136
AM Best, B++ Rating
Ceded Credit Risk [Line Items]
Ceded Credit Risk, Disclosure	“B++ (Good)”

Equity Based Compensation	9 Months Ended
Equity Based Compensation	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity Based Compensation	Equity Based Compensation Equity compensation expense was $37 million and $35 million for the nine months ended September 30, 2024 and 2023, respectively. In the first quarter of 2024, the Company granted 106,233 stock appreciation rights at $185.28 weighted average exercise price per share, 116,883 performance shares and 81,527 restricted stock units to employees. As of September 30, 2024, 1,221,419 share awards at a weighted average strike price per share of $121.74 were vested and exercisable with a remaining weighted average exercise period of 4.4 years. As of September 30, 2024, the total compensation cost of non-vested awards not yet recognized in the financial statements was $44 million. It is estimated that these costs will vest over a weighted average period of 0.8 years.

Future Policy Benefits (Assumption Explanations) (Details) - Other Segments - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Life Insurance Product Line [Member] \| Americas [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	$ 12,500,000,000	$ 12,000,000,000
Future Policy Benefits Actual To Expected Variance	(113,000,000)	(5,000,000)
Impact Of Updating Discount Rate Recognized In OCI	(7,000,000)	1,000,000
Changes In Cash Flow Assumptions	31,000,000	17,000,000
Life Insurance Product Line [Member] \| CANADA
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	3,600,000,000	3,400,000,000
Future Policy Benefits Actual To Expected Variance	(6,000,000)	(5,000,000)
Impact Of Updating Discount Rate Recognized In OCI	(134,000,000)	267,000,000
Changes In Cash Flow Assumptions	28,000,000	12,000,000
Life Insurance Product Line [Member] \| EMEA [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	1,500,000,000	1,300,000,000
Future Policy Benefits Actual To Expected Variance	4,000,000	9,000,000
Impact Of Updating Discount Rate Recognized In OCI	109,000,000	88,000,000
Changes In Cash Flow Assumptions	25,000,000	47,000,000
Life Insurance Product Line [Member] \| Asia Pacific [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	4,900,000,000	4,500,000,000
Future Policy Benefits Actual To Expected Variance	89,000,000	(49,000,000)
Impact Of Updating Discount Rate Recognized In OCI	(171,000,000)	233,000,000
Changes In Cash Flow Assumptions	73,000,000	9,000,000
Insurance, Other \| Americas [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	8,100,000,000	4,900,000,000
Future Policy Benefits Actual To Expected Variance	(3,000,000)	(8,000,000)
Impact Of Updating Discount Rate Recognized In OCI	(124,000,000)	(119,000,000)
Changes In Cash Flow Assumptions	8,000,000	22,000,000
Insurance, Other \| CANADA
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	4,100,000,000	26,000,000,000
Future Policy Benefits Actual To Expected Variance	0	(8,000,000)
Impact Of Updating Discount Rate Recognized In OCI	(168,000,000)	(1,000,000)
Changes In Cash Flow Assumptions	0	22,000,000
Insurance, Other \| EMEA [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	7,000,000,000	5,900,000,000
Future Policy Benefits Actual To Expected Variance	1,000,000	13,000,000,000
Impact Of Updating Discount Rate Recognized In OCI	241,000,000	67,000,000
Changes In Cash Flow Assumptions	3,000,000	34,000,000
Insurance, Other \| Asia Pacific [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	12,700,000,000	5,700,000,000
Future Policy Benefits Actual To Expected Variance	1,000,000	2,000,000
Impact Of Updating Discount Rate Recognized In OCI	(540,000,000)	(359,000,000)
Changes In Cash Flow Assumptions	$ 9,000,000	$ 0

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 156	$ 287	$ 569	$ 744

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

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-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

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-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

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-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Information

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The accounting policies of the segments are the same as those described in Note 2 – “Significant Accounting Policies and Pronouncements” in the Notes to Consolidated Financial Statements included in the Company’s 2023 Annual Report. The Company measures segment performance primarily based on profit or loss from operations before income taxes. There are no intersegment reinsurance transactions and the Company does not have any material long-lived assets.

The Company allocates capital to its segments based on an internally developed economic capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model considers the unique and specific nature of the risks inherent in the Company’s businesses. As a result of the economic capital allocation process, a portion of investment income is credited to the segments based on the level of allocated capital. In addition, the segments are charged for excess capital utilized above the allocated economic capital basis. This charge is included in policy acquisition costs and other insurance expenses.

The Company has geographic-based and business-based operational segments. Geographic-based operations are further segmented into Traditional and Financial Solutions businesses. Information related to revenues, income (loss) before income taxes and total assets of the Company for each reportable segment are summarized below (dollars in millions):


	Three months ended September 30,				Nine months ended September 30,
Revenues:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	2,137	$	1,949	$	6,095	$	5,693
Financial Solutions	917		1,115		3,890		1,908
Total	3,054		3,064		9,985		7,601
Canada:
Traditional	385		366		1,160		1,098
Financial Solutions	116		26		244		79
Total	501		392		1,404		1,177
Europe, Middle East and Africa:
Traditional	550		471		1,599		1,382
Financial Solutions	255		160		698		459
Total	805		631		2,297		1,841
Asia Pacific:
Traditional	819		801		2,388		2,282
Financial Solutions	303		130		548		397
Total	1,122		931		2,936		2,679
Corporate and Other	169		135		244		262
Total	$	5,651	$	5,153	$	16,866	$	13,560


	Three months ended September 30,				Nine months ended September 30,
Income (loss) before income taxes:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	57	$	105	$	347	$	288
Financial Solutions	(46)		108		54		290
Total	11		213		401		578
Canada:
Traditional	29		6		103		70
Financial Solutions	21		30		34		46
Total	50		36		137		116
Europe, Middle East and Africa:
Traditional	(17)		(60)		12		(29)
Financial Solutions	84		84		220		195
Total	67		24		232		166
Asia Pacific:
Traditional	11		134		220		302
Financial Solutions	93		(16)		48		(9)
Total	104		118		268		293
Corporate and Other	(18)		(11)		(283)		(157)
Total	$	214	$	380	$	755	$	996


Assets:	September 30, 2024		December 31, 2023
U.S. and Latin America:
Traditional	$	25,871	$	24,320
Financial Solutions	30,208		28,385
Total	56,079		52,705
Canada:
Traditional	4,707		5,111
Financial Solutions	5,548		219
Total	10,255		5,330
Europe, Middle East and Africa:
Traditional	4,686		4,334
Financial Solutions	8,291		5,656
Total	12,977		9,990
Asia Pacific:
Traditional	9,079		9,925
Financial Solutions	23,002		14,680
Total	32,081		24,605
Corporate and Other	8,866		4,993
Total	$	120,258	$	97,623

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Condensed Consolidated Statements of Stockholders Equity Parenthetical - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.89	$ 0.85	$ 2.59	$ 2.45

Investments (Financing Receivables Past Due) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 8,493	$ 7,459
Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	8,441	7,431
Financial Asset, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	23	28
Financial Asset, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	6	0
Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 23	$ 0

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

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+ Details

Commitments, Contingencies and Guarantees (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

The Company’s commitments to fund investments as of September 30, 2024 and December 31, 2023, are presented in the following table (dollars in millions):


	September 30, 2024		December 31, 2023
Limited partnerships and real estate joint ventures	$	1,000	$	1,058
Mortgage loans	140		137
Bank loans and private placements	1,290		810
Lifetime mortgages	57		53

Other Commitments [Table Text Block]

The following table presents the maximum potential obligation for these commitments as of September 30, 2024 (dollars in millions):


Commitment Period	Maximum Potential Obligation
2034	$	1,243
2035	1,909
2036	3,599
2037	5,100
2038	2,550
2039	8,751
2041	720
2046	3,000
2049	4,750

Market Risk Benefits (Instrument Specific Credit Risk) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Sep. 30, 2023

Market Risk Benefit [Line Items]

Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk

$ (233)

$ (216)

Market Risk Benefit, Asset, Amount

^[1]

Market Risk Benefit, Liability, Amount

247

224

Insurance, Other | Americas [Member] | Other Segments

Market Risk Benefit [Line Items]

Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk

(233)

(216)

Market Risk Benefit, Asset, Amount

^[1]

Market Risk Benefit, Liability, Amount

$ 247

$ 224

[1]	Included in Other assets.

Segment Information (Total Assets of Reportable Segments) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 120,258	$ 97,623
Corporate and Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	8,866	4,993
Other Segments \| Americas [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	56,079	52,705
Other Segments \| CANADA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	10,255	5,330
Other Segments \| EMEA [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	12,977	9,990
Other Segments \| Asia Pacific [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	32,081	24,605
Life Insurance Product Line [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	25,871	24,320
Life Insurance Product Line [Member] \| Other Segments \| CANADA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	4,707	5,111
Life Insurance Product Line [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	4,686	4,334
Life Insurance Product Line [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	9,079	9,925
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	30,208	28,385
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| CANADA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	5,548	219
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	8,291	5,656
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 23,002	$ 14,680

Policyholder Account Balances (Tables)

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Policyholder Account Balance

Policyholder Account Balances

The following tables provide the balances of and changes in the Company’s liability for its policyholder account balances, reflected in interest-sensitive contract liabilities, for the nine months ended September 30, 2024 and 2023 (dollars in millions):


For the nine months ended September 30, 2024:	U.S. and Latin America – Traditional			U.S. and Latin America – Financial Solutions			Asia Pacific – Financial Solutions
Balance, beginning of year	$	1,612		$	17,838		$	3,990
Deposits	1,779			101			1,262
Policy charges	(103)			(61)			(137)
Surrenders and withdrawals	(11)			(1,598)			(903)
Benefit payments	(91)			(346)			(331)
Interest credited	132			432			84
Foreign currency translation	—			—			4
Balance, end of period	$	3,318		$	16,366		$	3,969
Less: reinsurance recoverable	—			(2,844)			—
Balance, end of period, after reinsurance	$	3,318		$	13,522		$	3,969

Weighted average crediting rate	3.1		%	3.5		%	3.7		%
Net amount at risk (1)	$	34,671		$	6,614		$	13
Cash surrender value	$	3,313		$	16,262		$	3,618


For the nine months ended September 30, 2023:	U.S. and Latin America – Traditional			U.S. and Latin America – Financial Solutions			Asia Pacific – Financial Solutions
Balance, beginning of year	$	1,683		$	18,906		$	3,351
Deposits	20			84			765
Policy charges	(23)			(26)			(5)
Surrenders and withdrawals	(11)			(1,517)			(93)
Benefit payments	(96)			(357)			(79)
Interest credited	49			425			82
Foreign currency translation	—			—			(43)
Balance, end of period	$	1,622		$	17,515		$	3,978
Less: reinsurance recoverable	—			(1,501)			—
Balance, end of period, after reinsurance	$	1,622		$	16,014		$	3,978

Weighted average crediting rate	4.4		%	3.3		%	3.0		%
Net amount at risk (1)	$	664		$	2,410		$	—
Cash surrender value	$	1,608		$	17,479		$	3,760

(1) Net amount at risk is defined as the guaranteed amount less the account value as of the balance sheet date. The balance represents the amount of the claim the Company would incur if death claims were filed on all contracts on the balance sheet date.

Information regarding the Company’s policyholder account balances as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,
	2024		2023
Policyholder account balances included in the rollforwards:
Traditional:
U.S. and Latin America	$	3,318	$	1,622
Financial Solutions:
U.S. and Latin America	16,366		17,515
Asia Pacific	3,969		3,978
Other policyholder account balances
U.S. and Latin America – Financial Solutions	76		51
Total policyholder account balances	$	23,729	$	23,166

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 as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30, 2024
	Range of Guaranteed Minimum Crediting Rate	At Guaranteed Minimum		1 Basis Point – 50 Basis Points Above		51 Basis Points – 100 Basis Points Above		101 Basis Points – 150 Basis Points Above		Greater Than 150 Basis Points Above		Total

U.S. and Latin America – Traditional	Less than 1.00%	$	702	$	—	$	—	$	—	$	—	$	702
	1.00 – 1.99%	56		2		8		—		—		66
	2.00 – 2.99%	108		—		—		1		—		109
	3.00 – 3.99%	495		7		117		—		—		619
	4.00% and Greater	739		103		980		—		—		1,822
	Total	$	2,100	$	112	$	1,105	$	1	$	—	$	3,318

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,342		12		10		35		29		1,428
	2.00 – 2.99%	1,301		15		35		530		170		2,051
	3.00 – 3.99%	3,693		213		116		4		2		4,028
	4.00% and Greater	8,827		32		—		—		—		8,859
	Total	$	15,163	$	272	$	161	$	569	$	201	$	16,366

Asia Pacific – Financial Solutions	Less than 1.00%	$	193	$	—	$	—	$	—	$	—	$	193
	1.00 – 1.99%	477		—		—		—		—		477
	2.00 – 2.99%	492		—		—		—		—		492
	3.00 – 3.99%	993		—		—		—		—		993
	4.00% and Greater	1,814		—		—		—		—		1,814
	Total	$	3,969	$	—	$	—	$	—	$	—	$	3,969


	September 30, 2023
	Range of Guaranteed Minimum Crediting Rate	At Guaranteed Minimum		1 Basis Point – 50 Basis Points Above		51 Basis Points – 100 Basis Points Above		101 Basis Points – 150 Basis Points Above		Greater Than 150 Basis Points Above		Total

U.S. and Latin America – Traditional	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	—		—		—		—		—		—
	2.00 – 2.99%	—		—		—		—		—		—
	3.00 – 3.99%	—		—		—		—		—		—
	4.00% and Greater	514		108		1,000		—		—		1,622
	Total	$	514	$	108	$	1,000	$	—	$	—	$	1,622

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,681		10		15		63		35		1,804
	2.00 – 2.99%	1,625		14		42		608		62		2,351
	3.00 – 3.99%	4,335		234		81		2		—		4,652
	4.00% and Greater	8,665		43		—		—		—		8,708
	Total	$	16,306	$	301	$	138	$	673	$	97	$	17,515

Asia Pacific – Financial Solutions	Less than 1.00%	$	281	$	—	$	—	$	—	$	—	$	281
	1.00 – 1.99%	699		—		—		—		—		699
	2.00 – 2.99%	827		—		—		—		—		827
	3.00 – 3.99%	1,289		—		—		—		—		1,289
	4.00% and Greater	882		—		—		—		—		882
	Total	$	3,978	$	—	$	—	$	—	$	—	$	3,978

Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule Of Fair Value Assets and Liabilities Measured on Recurring Basis Table Text Block

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023 are summarized below (dollars in millions):


September 30, 2024:			Fair Value Measurements Using:
	Total		Level 1		Level 2		Level 3
Assets: (1)
Fixed maturity securities available-for-sale:
Corporate	$	51,087	$	—	$	44,944	$	6,143
Canadian government	4,970		—		4,970		—
Japanese government	5,270		—		5,270		—
ABS	5,373		—		3,851		1,522
CMBS	2,238		—		2,204		34
RMBS	1,318		—		1,318		—
U.S. government	1,703		1,608		89		6
State and political subdivisions	821		—		821		—
Other foreign government	5,369		—		5,335		34
Total fixed maturity securities available-for-sale	78,149		1,608		68,802		7,739
Equity securities	155		73		—		82
Funds withheld at interest – embedded derivatives	(231)		—		—		(231)
Funds withheld at interest	60		—		—		60
Cash equivalents	3,530		3,530		—		—
Short-term investments	345		160		174		11
Other invested assets:
Derivatives	199		—		199		—

Other	19		—		19		—
Total other invested assets	218		—		218		—

Total	$	82,226	$	5,371	$	69,194	$	7,661
Liabilities:
Interest-sensitive contract liabilities – embedded derivatives	$	385	$	—	$	—	$	385

Funds withheld at interest – embedded derivatives	(51)		—		—		(51)
Derivatives – other liabilities	216		—		216		—
Total	$	550	$	—	$	216	$	334

(1)Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.


December 31, 2023:			Fair Value Measurements Using:
	Total		Level 1		Level 2		Level 3
Assets: (1)
Fixed maturity securities available-for-sale:
Corporate	$	38,755	$	—	$	33,822	$	4,933
Canadian government	3,917		—		3,917		—
Japanese government	3,131		—		3,131		—
ABS	4,429		—		3,064		1,365
CMBS	1,773		—		1,714		59
RMBS	1,079		—		1,078		1
U.S. government	2,520		2,426		87		7
State and political subdivisions	1,114		—		1,095		19
Other foreign government	3,749		—		3,714		35
Total fixed maturity securities available-for-sale	60,467		2,426		51,622		6,419
Equity securities	139		69		—		70
Funds withheld at interest – embedded derivatives	(377)		—		—		(377)
Funds withheld at interest	54		—		—		54
Cash equivalents	1,335		1,322		13		—
Short-term investments	187		90		95		2
Other invested assets:
Derivatives	97		—		97		—
Other	22		—		22		—


Total other invested assets	119		—		119		—
Total	$	61,924	$	3,907	$	51,849	$	6,168
Liabilities:
Interest-sensitive contract liabilities – embedded derivatives	$	415	$	—	$	—	$	415
Funds withheld at interest – embedded derivatives	(206)		—		—		(206)
Derivatives – other liabilities	197		—		197		—
Total	$	406	$	—	$	197	$	209

(1)Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million.

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

The following table presents quantitative information about significant unobservable inputs used in Level 3 fair value measurements that are developed internally by the Company as of September 30, 2024 and December 31, 2023 (dollars in millions):


	Estimated Fair Value				Valuation Technique	Unobservable Input	Range (Weighted Average)
	September 30, 2024		December 31, 2023				September 30, 2024	December 31, 2023
Assets:
Corporate	$	115	$	91	Market comparable securities	Liquidity premium	2-2% (2%)	0-2% (1%)
						EBITDA Multiple	5.7x-11.0x (8.7x)	6.0x-8.5x (7.1x)
ABS	285		268		Market comparable securities	Liquidity premium	0-9% (2%)	0-18% (2%)
U.S. government	6		7		Market comparable securities	Liquidity premium	0-1% (1%)	0-1% (1%)


Equity securities	32		31		Market comparable securities	Liquidity premium	4%	4%
						EBITDA Multiple	8.4x-12.8x (10.9x)	8.4x-12.3x (10.1x)
Short-Term Investments	1		—		Market comparable securities	EBITDA Multiple	6.2x	—
Funds withheld at interest – embedded derivatives	14		(50)		Total return swap	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (16%)	0-35% (18%)
						Withdrawal	0-10% (4%)	0-5% (4%)
						CVA	0-5% (0%)	0-5% (0%)
						Crediting rate	1-4% (2%)	1-4% (2%)


Liabilities:
Interest-sensitive contract liabilities – embedded derivatives – indexed annuities	385		415		Discounted cash flow	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (15%)	0-35% (17%)
						Withdrawal	0-10% (4%)	0-5% (4%)
						Option budget projection	1-4% (2%)	1-4% (2%)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]


For the three months ended September 30, 2024:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	5,501	$	31	$	1,497	$	27	$	74	$	—	$	15	$	(68)	$	55	$	(386)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	4		—		—		—		—		—		—		—		3		—
Investment related gains (losses), net	(8)		—		—		—		3		—		(1)		(112)		—		—



Interest credited	—		—		—		—		—		—		—				—		(15)
Included in other comprehensive income (loss)	149		3		26		—		—		—		—		—		3		—

Purchases (2)	809		—		99		—		6		—		(3)		—		1		(7)
Sales (2)	(96)		—		—		—		(1)		—		—		—		—		—
Settlements (2)	(196)		—		(101)		—		—		—		—		—		(2)		23
Transfers into Level 3	—		—		36		—		—		—		—		—		—		—
Transfers out of Level 3	(20)		—		(1)		(21)		—		—		—		—		—		—
Fair value, end of period	$	6,143	$	34	$	1,556	$	6	$	82	$	—	$	11	$	(180)	$	60	$	(385)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	3	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3	$	—
Investment related gains (losses), net	(11)		—		—		—		2		—		(1)		(112)		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(39)
Included in other comprehensive income (loss)	150		3		26		—		—		—		—		—		3		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.

(2)The amount reported within purchases, sales and settlements is the purchase price (for purchases) and the sales/settlement proceeds (for sales and settlements) based upon the actual date purchased or sold/settled. Items purchased and sold/settled in the same period are excluded from the rollforward. The Company had no issuances during the period.


For the nine months ended September 30, 2024:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	4,933	$	35	$	1,425	$	26	$	70	$	—	$	2	$	(171)	$	54	$	(415)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	10		—		3		—		—		—		—		—		5		—
Investment related gains (losses), net	(56)		—		(1)		—		(4)		—		(1)		(9)		—		—



Interest credited	—		—		—		—		—		—		—		—		—		(27)
Included in other comprehensive income (loss)	132		(1)		30		—		—		—		—		—		2		—

Purchases (2)	2,001		—		287		—		17		—		12		—		2		(18)
Sales (2)	(278)		—		(23)		—		(1)		—		(1)		—		—		—
Settlements (2)	(546)		—		(260)		(1)		—		—		—		—		(3)		75
Transfers into Level 3	1		—		117		2		—		—		—		—		—		—
Transfers out of Level 3	(54)		—		(22)		(21)		—		—		(1)		—		—		—
Fair value, end of period	$	6,143	$	34	$	1,556	$	6	$	82	$	—	$	11	$	(180)	$	60	$	(385)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	6	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	5	$	—
Investment related gains (losses), net	(56)		—		(3)		—		(5)		—		(1)		(9)		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(103)
Included in other comprehensive income (loss)	135		(1)		32		—		—		—		—		—		2		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.


For the three months ended September 30, 2023:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	4,654	$	35	$	1,397	$	29	$	68	$	—	$	6	$	9	$	53	$	(472)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	1		—		1		—		—		—		—		—		—		—
Investment related gains (losses), net	4		—		—		—		—		—		—		1		—		—

Interest credited	—		—		—		—		—		—		—		—		—		3

Included in other comprehensive income (loss)	(84)		(2)		(16)		(2)		—		—		—		—		(2)		—

Purchases (2)	170		—		29		—		—		—		9		—		—		3
Sales (2)	(19)		—		(10)		—		—		—		—		—		—		—
Settlements (2)	(164)		—		(76)		—		—		—		(1)		—		—		25
Transfers into Level 3	53		—		—		—		—		—		—		—		—		—
Transfers out of Level 3	—		—		—		—		—		—		(6)		—		—		—
Fair value, end of period	$	4,615	$	33	$	1,325	$	27	$	68	$	—	$	8	$	10	$	51	$	(441)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	1	$	—	$	1	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Investment related gains (losses), net	—		—		—		—		—		—		—		1		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(22)
Included in other comprehensive income (loss)	(81)		(2)		(16)		(2)		—		—		—		—		(2)		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.


For the nine months ended September 30, 2023:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	4,299	$	35	$	1,353	$	35	$	66	$	—	$	13	$	(8)	$	54	$	(530)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	3		—		4		—		—		—		—		—		(3)		—
Investment related gains (losses), net	4		—		(1)		—		(2)		—		(1)		18		—		—

Interest credited	—		—		—		—		—		—		—		—		—		14

Included in other comprehensive income (loss)	(93)		(2)		28		(2)		—		—		—		—		1		—

Purchases (2)	680		—		144		—		8		1		10		—		1		13
Sales (2)	(51)		—		(14)		—		(4)		—		—		—		—		—
Settlements (2)	(282)		—		(198)		(1)		—		—		(1)		—		(2)		62
Transfers into Level 3	61		—		64		—		—		—		6		—		—		—
Transfers out of Level 3	(6)		—		(55)		(5)		—		(1)		(19)		—		—		—
Fair value, end of period	$	4,615	$	33	$	1,325	$	27	$	68	$	—	$	8	$	10	$	51	$	(441)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	3	$	—	$	4	$	—	$	—	$	—	$	—	$	—	$	(3)	$	—
Investment related gains (losses), net	(2)		—		(2)		—		(2)		—		(1)		18		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(47)
Included in other comprehensive income (loss)	(94)		(2)		27		(2)		—		—		—		—		1		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.

Financial Instruments Carrying Amounts And Estimated Fair Value [Table Text Block]

The following table presents the carrying values and estimated fair values of the Company’s financial instruments, which were not measured at fair value on a recurring basis, as of September 30, 2024 and December 31, 2023 (dollars in millions). For additional information regarding the methods and significant assumptions used by the Company to estimate these fair values, see Note 13 – “Fair Value of Assets and Liabilities” in the Notes to Consolidated Financial Statements included in the Company’s 2023 Annual Report. This table excludes any payables or receivables for collateral under repurchase/reverse repurchase agreements and other transactions. The estimated fair value of the excluded amount approximates carrying value as they equal the amount of cash collateral received/paid.


September 30, 2024:	Carrying Value (1)		Estimated Fair Value		Fair Value Measurement Using:
					Level 1		Level 2		Level 3
Assets:
Mortgage loans	$	8,388	$	8,187	$	—	$	—	$	8,187
Policy loans	1,285		1,285		—		1,285		—
Funds withheld at interest	5,716		5,424		—		—		5,424
Limited partnerships – cost method	55		63		—		—		63
Cash and cash equivalents	1,665		1,665		1,665		—		—
Short-term investments	36		36		36		—		—
Other invested assets	1,108		916		3		72		841
Accrued investment income	995		995		—		995		—
Liabilities:
Interest-sensitive contract liabilities (2)	$	22,401	$	22,559	$	—	$	—	$	22,559
Funds withheld at interest	4,860		4,644		—		—		4,644
Long-term debt	5,067		5,025		—		—		5,025


December 31, 2023:
Assets:
Mortgage loans	$	7,377	$	6,975	$	—	$	—	$	6,975
Policy loans	1,206		1,206		—		1,206		—
Funds withheld at interest	6,005		5,547		—		—		5,547
Limited partnerships – cost method	71		73		—		—		73
Cash and cash equivalents	1,635		1,635		1,635		—		—
Short-term investments	35		35		35		—		—
Other invested assets	1,019		841		4		63		774
Accrued investment income	759		759		—		759		—
Liabilities:
Interest-sensitive contract liabilities (2)	$	21,797	$	21,665	$	—	$	—	$	21,665
Funds withheld at interest	4,689		4,400		—		—		4,400
Long-term debt	4,427		4,243		—		—		4,243

(1)Carrying values presented herein may differ from those in the Company’s condensed consolidated balance sheets because certain items within the respective financial statement captions may be measured at fair value on a recurring basis.

(2)Carrying values and estimated fair values presented herein include a reinsurance recoverable of $2.1 billion and $2.2 billion as of September 30, 2024 and December 31, 2023, respectively.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Financing Activities	9 Months Ended
Financing Activities	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt Disclosure	FINANCING ACTIVITIES On May 13, 2024, the Company issued 5.75% fixed rate Senior Notes due 2034 with a face amount of $650 million and will be used for general corporate purposes. Capitalized issuance costs were $6 million.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Earnings Per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share on net income (in millions, except per share information):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Earnings:
Net income (numerator for basic and diluted calculations)	$	158	$	289	$	574	$	749
Less: Net income attributable to noncontrolling interest	2		2		5		5
Net income available to RGA, Inc. shareholders	$	156	$	287	$	569	$	744
Shares:
Weighted average outstanding shares (denominator for basic calculation)	66		66		66		66
Equivalent shares from outstanding stock awards	1		1		1		1
Diluted shares (denominator for diluted calculation)	67		67		67		67
Earnings per share:
Basic	$	2.37	$	4.34	$	8.64	$	11.19
Diluted	$	2.33	$	4.29	$	8.53	$	11.06

The calculation of common equivalent shares does not include the impact of stock awards with a conversion price that exceeds the average stock price for the earnings period as the result would be antidilutive. The calculation of common equivalent shares also excludes the impact of outstanding performance share awards as the conditions necessary for their issuance have not been satisfied as of the end of the reporting period.

Insider Trading Arrangements	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Equity (Balance of and Changes in Each Component of AOCI) (Details) - USD ($)
$ in Millions

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Balance, Beginning of Period

$ (369)

$ (1,871)

Other Comprehensive Income (Loss), before Reclassifications, before Tax

1,687

522

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

390

141

Other Comprehensive Income (Loss), Tax

436

125

Balance, End of Period

1,272

(1,333)

Accumulated Translation Adjustment [Member]

Balance, Beginning of Period

(116)

Other Comprehensive Income (Loss), before Reclassifications, before Tax

116

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

Other Comprehensive Income (Loss), Tax

(11)

(33)

Balance, End of Period

108

(33)

Accumulated Net Unrealized Investment Gain (Loss) [Member]

Balance, Beginning of Period

^[1]

(3,668)

(5,496)

Other Comprehensive Income (Loss), before Reclassifications, before Tax

^[1]

696

(1,652)

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[1]

389

140

Other Comprehensive Income (Loss), Tax

^[1]

217

(349)

Balance, End of Period

^[1]

(2,800)

(6,659)

Accumulated Defined Benefit Plans Adjustment [Member]

Balance, Beginning of Period

(29)

(27)

Other Comprehensive Income (Loss), before Reclassifications, before Tax

(1)

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

Other Comprehensive Income (Loss), Tax

(4)

Balance, End of Period

(29)

(14)

AOCI, Market Risk Benefit, Instrument-Specific Credit Risk, Parent

Balance, Beginning of Period

Other Comprehensive Income (Loss), before Reclassifications, before Tax

(8)

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

Other Comprehensive Income (Loss), Tax

(1)

Balance, End of Period

AOCI, Liability for Future Policy Benefit, Parent

Balance, Beginning of Period

3,256

3,755

Other Comprehensive Income (Loss), before Reclassifications, before Tax

938

2,050

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

Other Comprehensive Income (Loss), Tax

207

439

Balance, End of Period

$ 3,987

$ 5,366

[1]	Includes cash flow hedges of $(229) and $(218) as of September 30, 2024 and December 31, 2023, respectively, and $(351) and $(205) as of September 30, 2023 and December 31, 2022, respectively. See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Unpaid Claims and Claims Expense Short Duration Contracts (Rollforward Of Claims) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Liability for Claims and Claims Adjustment Expense	$ 2,875	$ 2,654	$ 2,730	$ 2,480
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments	(62)	(71)	(80)	(57)
Liability For Unpaid Claims And Claims Adjustment Expense Net Of Recoverable	2,813	2,583	$ 2,650	$ 2,423
Current Year Claims and Claims Adjustment Expense	1,161	1,268
Prior Year Claims and Claims Adjustment Expense	(83)	(89)
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims	1,078	1,179
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year	(240)	(278)
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years	(700)	(721)
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid	(940)	(999)
Interest On Liability For Policy And Contract Claims	29	25
Liability for Unpaid Claims and Claims Adjustment Expense, Foreign Currency Translation Gain (Loss)	(4)	(45)
Liability for Unpaid Claims and Claims Adjustment Expense Other	$ (25)	$ (20)

Derivative Instruments

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

DERIVATIVE INSTRUMENTS

See Note 2 – “Significant Accounting Policies and Pronouncements” of the Company’s 2023 Annual Report for a detailed discussion of the accounting treatment for derivative instruments, including embedded derivatives. See Note 13 – “Fair Value of Assets and Liabilities” of the Company’s 2023 Annual Report for additional disclosures related to the fair value hierarchy for derivative instruments, including embedded derivatives.

Commonly used derivative instruments include, but are not necessarily limited to: interest rate swaps, interest rate options, total return swaps, interest rate futures, foreign currency swaps, foreign currency forwards, foreign currency options, equity options, equity futures, credit default swaps, consumer price index (“CPI”) swaps, forward bond purchase commitments, synthetic guaranteed investment contracts (“GICs”), other derivatives and embedded derivatives. For detailed information on these derivative instruments and the related strategies, see Note 12 – “Derivative Instruments” of the Company’s 2023 Annual Report.

Summary of Derivative Positions

Freestanding derivatives are included in other invested assets or other liabilities, at fair value. Embedded derivative assets and liabilities on modco or funds withheld arrangements are included on the condensed consolidated balance sheets with the host contract in funds withheld at interest or funds withheld payable, at fair value. Embedded derivative liabilities on indexed annuity products are included on the condensed consolidated balance sheets with the host contract in interest-sensitive contract liabilities, at fair value. The following table presents the notional amounts and gross fair value of derivative instruments prior to taking into account the netting effects of master netting agreements as of September 30, 2024 and December 31, 2023 (dollars in millions):


		September 30, 2024						December 31, 2023
	Primary Underlying Risk	Notional		Carrying Value / Fair Value				Notional		Carrying Value / Fair Value
		Amount		Assets		Liabilities		Amount		Assets		Liabilities
Derivatives not designated as hedging instruments:
Interest rate swaps	Interest rate	$	1,796	$	6	$	4	$	1,609	$	4	$	3
Interest rate options	Interest rate	2,266		—		—		5,555		7		—
Total return swaps	Interest rate	1,075		21		17		500		24		—
Interest rate futures	Interest rate	—		—		—		97		—		—
Foreign currency swaps	Foreign currency	150		35		—		150		27		—
Foreign currency forwards	Foreign currency	1,142		55		1		809		36		—
Foreign currency options	Foreign currency	350		2		—		—		—		—
Equity options	Equity	141		2		—		253		8		—
Equity futures	Equity	225		—		—		255		—		—
Credit default swaps	Credit	2,726		5		3		1,475		5		1
CPI swaps	CPI	445		7		3		468		11		3
Synthetic GICs	Interest rate	15,395		—		—		16,135		—		—
Embedded derivatives in:
Modco or funds withheld arrangements		—		274		454		—		356		527
Indexed annuity products		—		—		385		—		—		415
Total non-designated derivatives		25,711		407		867		27,306		478		949
Derivatives designated as hedging instruments:
Interest rate swaps	Interest rate	3,269		89		78		1,770		9		86
Forward bond purchase commitments	Interest rate	1,673		7		101		1,076		11		80
Foreign currency swaps	Foreign currency	2,026		37		71		809		7		64
Foreign currency forwards	Foreign currency	1,315		4		9		1,143		5		17
Total hedging derivatives		8,283		137		259		4,798		32		247
Total derivatives		$	33,994	$	544	$	1,126	$	32,104	$	510	$	1,196

Fair Value Hedges

The Company designates and reports the following as fair value hedges when they meet the requirements of the general accounting principles for Derivatives and Hedging: (i) certain foreign currency swaps to hedge the foreign currency fair value exposure of foreign currency denominated assets; and (ii) interest rate swaps to convert fixed rate liabilities to floating rate liabilities. The gain or loss on the hedged item attributable to a change in interest rates or foreign currency and the offsetting gain or loss on the related interest rate or foreign currency swaps for the three and nine months ended September 30, 2024 and 2023 are as follows (dollars in millions):


Derivative Type	Hedged Item	Investment Related Gains (Losses), Net				Claims and Other Policy Benefits				Interest Credited
		Derivatives		Hedged Items		Derivatives		Hedged Items		Derivatives		Hedged Items
For the three months ended September 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	$	—	$	—	$	—	$	—	$	—	$	—
Interest rate swaps	Future policy benefits	—		—		31		(34)		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		42		(45)
For the three months ended September 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	(4)		3		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(2)		2
For the nine months ended September 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	2		(4)		—		—		—		—
Interest rate swaps	Future policy benefits	—		—		27		(32)		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		37		(43)
For the nine months ended September 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	(7)		5		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(2)		2


Hedged Item	Carrying Amount of the Hedged Assets / (Liabilities)				Cumulative Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets / (Liabilities)		Discontinued Fair Value Hedge Adjustments Included in the Cumulative Adjustments
	September 30, 2024		December 31, 2023		September 30, 2024	December 31, 2023	September 30, 2024	December 31, 2023
Foreign-denominated fixed maturity securities	$	—	$	89	n/a	n/a	n/a	n/a
Future policy benefits	(672)		—		(32)	—	(25)	—
Interest-sensitive contract liabilities	(970)		(25)		(43)	(1)	(23)	1

Cash Flow Hedges

Certain derivative instruments are designated as cash flow hedges when they meet the requirements of the general accounting principles for Derivatives and Hedging. The Company designates and accounts for the following as cash flow hedges: (i) certain interest rate swaps, in which the cash flows of assets and liabilities are variable based on a benchmark rate; (ii) certain interest rate swaps, in which floating rate assets are converted to fixed rate assets; (iii) forward bond purchase commitments; and (iv) certain foreign currency swaps, in which the cash flows of assets are denominated in different currencies, commonly referred to as cross-currency swaps.


	Three months ended September 30,
	2024		2023
Balance, beginning of period	$	(413)	$	(228)
Gains (losses), net deferred in other comprehensive income (loss)	167		(128)
Amounts reclassified to net investment income	20		8
Amounts reclassified to interest expense	(3)		(3)
Balance, end of period	$	(229)	$	(351)

	Nine months ended September 30,
	2024		2023
Balance, beginning of period	$	(218)	$	(205)
Gains (losses), net deferred in other comprehensive income (loss)	(44)		(154)
Amounts reclassified to net investment income	42		15
Amounts reclassified to interest expense	(9)		(7)
Balance, end of period	$	(229)	$	(351)

As of September 30, 2024, approximately $28 million of before-tax deferred net losses on derivative instruments recorded in AOCI are expected to be reclassified to net investment income during the next twelve months. For the same time period, approximately $6 million of before-tax deferred net gains on derivative instruments recorded in AOCI are expected to be reclassified to interest expense during the next twelve months.


Derivative Type	Gains (Losses) Deferred in OCI		Gains (Losses) Reclassified into Income from AOCI
			Net Investment Income		Interest Expense
For the three months ended September 30, 2024:
Interest rate	$	57	$	(3)	$	3
Foreign currency	110		(17)		—
Total	$	167	$	(20)	$	3
For the three months ended September 30, 2023:
Interest rate	$	(113)	$	(4)	$	3
Foreign currency	(15)		(4)		—
Total	$	(128)	$	(8)	$	3

For the nine months ended September 30, 2024:
Interest rate	$	(33)	$	(9)	$	9
Foreign currency	(11)		(33)		—
Total	$	(44)	$	(42)	$	9
For the nine months ended September 30, 2023:
Interest rate	$	(107)	$	(4)	$	7
Foreign currency	(47)		(11)		—
Total	$	(154)	$	(15)	$	7

For the three and nine months ended September 30, 2024 and 2023, there were no material amounts reclassified 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.

Hedges of Net Investments in Foreign Operations

The Company uses foreign currency swaps and foreign currency forwards to hedge a portion of its net investment in certain foreign operations against adverse movements in exchange rates. The following table illustrates the Company’s net investments in foreign operations (“NIFO”) hedges and the gains (losses) deferred in OCI for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


	Derivative Gains (Losses) Deferred in OCI
	Three months ended September 30,				Nine months ended September 30,
Derivative Type	2024		2023		2024		2023
Foreign currency swaps	$	—	$	—	$	—	$	—
Foreign currency forwards	(12)		29		24		8
Total	$	(12)	$	29	$	24	$	8

The cumulative foreign currency translation gain recorded in AOCI related to these hedges was $207 million and $183 million as of September 30, 2024 and December 31, 2023, respectively. If a hedged foreign operation was sold or substantially liquidated, the amounts in AOCI would be reclassified to the condensed consolidated statements of income. A pro rata portion would be reclassified upon partial sale of a hedged foreign operation. There were no sales or substantial liquidations of net investments in foreign operations that would have required the reclassification of gains or losses from AOCI into investment income during the periods presented.

Non-qualifying Derivatives and Derivatives for Purposes Other Than Hedging

The Company uses various other derivative instruments for risk management purposes that either do not qualify or have not been elected for hedge accounting treatment. The gain or loss related to the change in fair value for these derivative instruments is recognized in investment related gains (losses), net, except where otherwise noted.


		Gains (Losses) for the three months ended September 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	13	$	(64)
Interest rate options	Investment related gains (losses), net	(3)		16
Total return swaps	Investment related gains (losses), net	7		(8)
Interest rate futures	Investment related gains (losses), net	—		—
Foreign currency swaps	Investment related gains (losses), net	(7)		8
Foreign currency forwards	Investment related gains (losses), net	77		(37)
Foreign currency options	Investment related gains (losses), net	2		—
Equity options	Investment related gains (losses), net	1		3
Equity futures	Investment related gains (losses), net	(12)		11
Credit default swaps	Investment related gains (losses), net	10		(26)
CPI swaps	Investment related gains (losses), net	(1)		—


Subtotal		87		(97)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	(112)		1
Indexed annuity products	Interest credited	(15)		3
Total non-qualifying derivatives		$	(40)	$	(93)

		Gains (Losses) for the nine months ended September 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	(31)	$	(74)
Interest rate options	Investment related gains (losses), net	(6)		(10)
Total return swaps	Investment related gains (losses), net	—		—
Interest rate futures	Investment related gains (losses), net	2		2
Foreign currency swaps	Investment related gains (losses), net	15		20
Foreign currency forwards	Investment related gains (losses), net	(85)		(130)
Foreign currency options	Investment related gains (losses), net	(1)		—
Equity options	Investment related gains (losses), net	(4)		(22)
Equity futures	Investment related gains (losses), net	(31)		(8)
Credit default swaps	Investment related gains (losses), net	14		(5)
CPI swaps	Investment related gains (losses), net	(2)		7


Subtotal		(129)		(220)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	(9)		18
Indexed annuity products	Interest credited	(27)		14
Total non-qualifying derivatives		$	(165)	$	(188)

Credit Derivatives


	September 30, 2024					December 31, 2023
Rating Agency Designation of Referenced Credit Obligations(1)	Estimated Fair Value of Credit Default Swaps		Maximum Amount of Future Payments under Credit Default Swaps (2)		Weighted Average Years to Maturity (3)	Estimated Fair Value of Credit Default Swaps		Maximum Amount of Future Payments under Credit Default Swaps (2)		Weighted Average Years to Maturity (3)
AAA/AA/A
Single name credit default swaps	$	(1)	$	410	17.8	$	2	$	420	18.1

BBB
Single name credit default swaps	3		145		2.3	4		165		2.8
Credit default swaps referencing indices	—		2,156		4.9	(1)		880		5.0
Subtotal	3		2,301		4.7	3		1,045		4.7
BB
Single name credit default swaps	—		5		1.7	(1)		10		2.2

B
Single name credit default swaps	—		10		1.5	—		—		0.0
Total	$	2	$	2,726	6.7	$	4	$	1,475	8.5

(1)The rating agency designations are based on ratings from Standard and Poor’s (“S&P”).

(2)Assumes the value of the referenced credit obligations is zero.

(3)The weighted average years to maturity of the credit default swaps is calculated based on weighted average notional amounts.

Netting Arrangements and Credit Risk

Certain of the Company’s freestanding derivatives are subject to enforceable master netting arrangements and reported as a net asset or liability in the condensed consolidated balance sheets. The Company nets all derivatives that are subject to such arrangements.

The Company has elected to include all freestanding derivatives in the table below, irrespective of whether they are subject to an enforceable master netting arrangement or a similar agreement. See Note 10 – “Investments” for information regarding the Company’s securities borrowing, lending and repurchase/reverse repurchase agreements.

The following table provides information relating to the netting of the Company’s derivative instruments as of September 30, 2024 and December 31, 2023 (dollars in millions):


	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments / Collateral (1)		Net Amount
September 30, 2024:
Derivative assets	$	270	$	(71)	$	199	$	(199)	$	—
Derivative liabilities	287		(71)		216		(216)		—
December 31, 2023:
Derivative assets	154		(57)		97		(97)		—
Derivative liabilities	254		(57)		197		(197)		—

(1)Includes initial margin posted to a central clearing partner for financial instruments and excludes the excess of collateral received/pledged from/to the counterparty.

The Company may be exposed to credit-related losses in the event of non-performance by counterparties to derivative financial instruments. Generally, the credit exposure of the Company’s derivative contracts is limited to the fair value and accrued interest of non-collateralized derivative contracts in an asset position at the reporting date. As of September 30, 2024, the Company had credit exposure of $16 million.

Derivatives may be exchange-traded or they may be privately negotiated contracts, which are referred to as over-the-counter (“OTC”) derivatives. Certain of the Company’s OTC derivatives are cleared and settled through central clearing counterparties (“OTC cleared”) and others are bilateral contracts between two counterparties. Additionally, the Company is required to pledge initial margin for certain OTC-bilateral derivative transactions. The Company manages its credit risk related to OTC derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master netting agreements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination. The Company is only exposed to the default of the central clearing counterparties for OTC cleared derivatives, and these transactions require initial and daily variation margin collateral postings. Exchange-traded derivatives are

settled on a daily basis, thereby reducing the credit risk exposure in the event of non-performance by counterparties to such financial instruments.

Document and Entity Information Document and Entity Information Entity Listings - NEW YORK STOCK EXCHANGE, INC. [Member]	9 Months Ended
	Sep. 30, 2024
RGA [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	RGA
Security Exchange Name	NYSE
RZA [Member]
Entity Information [Line Items]
Title of 12(b) Security	5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056
Trading Symbol	RZB
Security Exchange Name	NYSE
RZB [Member]
Entity Information [Line Items]
Title of 12(b) Security	7.125% Fixed Rate Subordinated Debentures due 2052
Trading Symbol	RZC
Security Exchange Name	NYSE

Equity Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense	$ 37	$ 35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	106,233
Stock appreciation rights granted, weighted average exercise price (per share)	$ 185.28
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	1,221,419
Options exercisable, weighted average price (per share)	$ 121.74
Options, remaining term	4 years 4 months 24 days
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 44
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	9 months 18 days
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	116,883
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	81,527

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Assets

Fixed maturity securities available-for-sale, at fair value (amortized cost of $81,606 and $64,977; allowance for credit losses of $120 and $75)

$ 78,149

^[1]

$ 60,467

^[2]

Available-for-sale Securities, Equity Securities

155

139

Mortgage loans (net of allowance for credit losses of $87 and $67)

8,388

7,377

Policy loans

1,285

1,206

Funds withheld at interest

5,545

5,683

Real Estate Investments, Joint Ventures

2,972

2,635

Short-term investments

381

222

Other invested assets

1,361

1,171

Total investments

98,236

78,900

Cash and cash equivalents

5,195

2,970

Accrued investment income

995

759

Premiums receivable and other reinsurance balances

3,738

3,528

Reinsurance Recoverables, Including Reinsurance Premium Paid

5,438

5,448

Deferred policy acquisition costs

5,477

4,617

Other assets

1,179

1,401

Total assets

120,258

97,623

Market Risk Benefit, Net Amount at Risk

247

258

Funds Held under Reinsurance Agreements, Liability

4,809

4,483

Liabilities and equity

Future policy benefits

55,933

41,231

Interest-sensitive contract liabilities

34,357

30,273

Other policy claims and benefits

2,875

2,730

Other reinsurance balances

955

1,103

Deferred income taxes

2,059

1,862

Other liabilities

2,739

2,085

Long-term debt

5,067

4,427

Total liabilities

109,041

88,452

Commitments and contingent liabilities (See Note 15)

Equity

Preferred stock – par value $0.01 per share, 10,000,000 shares authorized, no shares issued or outstanding

Common stock – par value $0.01 per share, 140,000,000 shares authorized, 85,310,598 shares issued at September 30, 2024 and December 31, 2023

Additional paid-in-capital

2,577

2,544

Retained earnings

9,166

8,805

Treasury stock, at cost – 19,446,714 and 19,689,885 shares

(1,889)

(1,900)

Accumulated other comprehensive income (loss)

1,272

(369)

Total RGA, Inc. shareholders’ equity

11,127

9,081

Stockholders' Equity Attributable to Noncontrolling Interest

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

11,217

9,171

Total liabilities and shareholders’ equity

$ 120,258

$ 97,623

[1]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.
[2]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million

Equity (Common Stock Changes In Number of Shares Issued, Held In Treasury and Outstanding) (Details) - shares

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2024

Sep. 30, 2023

Class of Stock [Line Items]

Common Stock, Shares, Issued

85,310,598

Common Stock, Shares, Issued

85,310,598

Common Stock Issuable [Member]

Class of Stock [Line Items]

Common Stock, Shares, Issued

85,310,598

Treasury Stock, Shares, Acquired

Stock Based Compensation Shares

^[1]

Common Stock, Shares, Issued

85,310,598

Common Stock Held In Treasury [Member]

Class of Stock [Line Items]

Common Stock, Shares, Issued

19,689,885

18,634,390

Treasury Stock, Shares, Acquired

(1,069,113)

Stock Based Compensation Shares

^[1]

(243,171)

(265,118)

Common Stock, Shares, Issued

19,446,714

19,438,385

19,446,714

19,438,385

Common Stock Outstanding [Member]

Class of Stock [Line Items]

Common Stock, Shares, Issued

65,620,713

66,676,208

Treasury Stock, Shares, Acquired

(1,069,113)

Stock Based Compensation Shares

^[1]

(243,171)

(265,118)

Common Stock, Shares, Issued

65,863,884

65,872,213

65,863,884

65,872,213

[1]	Represents net shares issued from treasury pursuant to the Company’s equity based compensation programs.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share Basic And Diluted By Common Class [Text Block]

The following table sets forth the computation of basic and diluted earnings per share on net income (in millions, except per share information):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Earnings:
Net income (numerator for basic and diluted calculations)	$	158	$	289	$	574	$	749
Less: Net income attributable to noncontrolling interest	2		2		5		5
Net income available to RGA, Inc. shareholders	$	156	$	287	$	569	$	744
Shares:
Weighted average outstanding shares (denominator for basic calculation)	66		66		66		66
Equivalent shares from outstanding stock awards	1		1		1		1
Diluted shares (denominator for diluted calculation)	67		67		67		67
Earnings per share:
Basic	$	2.37	$	4.34	$	8.64	$	11.19
Diluted	$	2.33	$	4.29	$	8.53	$	11.06

Reinsurance (Ceded Reinsurance Receivable Assets) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Ceded Credit Risk [Line Items]
Reinsurance Recoverables, Including Reinsurance Premium Paid	$ 5,438	$ 5,448
Reinsurance Ceded Receivables Percentage Total	77.20%
Reinsurance Recoverable for Paid Claims and Claims Adjustments	$ 2,700
Insurance Companies Reinsurance And Coinsurance Retroceded Funds Withheld	390
Reinsurer A [Member]
Ceded Credit Risk [Line Items]
Reinsurance Recoverables, Including Reinsurance Premium Paid	$ 2,800	$ 3,100

Commitments, Contingencies and Guarantees (Commitments to Fund Investments) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Limited Partner [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 1,000	$ 1,058
Commercial Loan [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	140	137
Bank Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	1,290	810
Equity Release Mortgages [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 57	$ 53

Market Risk Benefits (Tables)

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Market Risk Benefit, Activity

The following table provides the balances of and changes in the Company’s market risk benefits for the nine months ended September 30, 2024 and 2023 (dollars in millions):


	U.S. and Latin America – Financial Solutions
	Nine months ended September 30,
	2024		2023
Balance, beginning of year	$	249	$	247
Balance, beginning of year, before effect of changes in the instrument-specific credit risk	253		263
Interest accrual	8		9
Attributed fees collected	19		19
Benefit payments	—		1
Effect of changes in future assumptions	3		16
Effect of changes in interest rates	(3)		(54)
Effect of changes in equity markets	(39)		(25)
Effect of changes in volatility	—		(5)
Other market impacts	(13)		(11)
Actual policyholder behavior different from expected behavior	13		12
Balance, end of period, before effect of changes in the instrument-specific credit risk	241		225
Effect of changes in the instrument-specific credit risk	(8)		(9)
Balance, end of period	233		216
Less: reinsurance recoverable	—		—
Balance, end of period, after reinsurance	$	233	$	216

Net amount at risk	$	1,285	$	1,375
Weighted average attained age of contract holders (in years)	71		71

The reconciliation of the rollforward for market risk benefits to the condensed consolidated balance sheets as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,						September 30,
	2024						2023
	Asset (1)		Liability		Net		Asset (1)		Liability		Net
U.S. and Latin America – Financial Solutions	$	14	$	247	$	(233)	$	8	$	224	$	(216)
Total market risk benefits	$	14	$	247	$	(233)	$	8	$	224	$	(216)

(1)Included in Other assets.

Derivative Instruments (Non Hedging Derivatives and Embedded Derivatives Effect on Income Statement) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	$ (78)	$ (126)	$ (498)	$ (326)
Interest credited	310	223	795	647
Not Designated as Hedging Instrument
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(40)	(93)	(165)	(188)
Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives	87	(97)	(129)	(220)
Not Designated as Hedging Instrument \| Interest Rate Swaps
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	13	(64)	(31)	(74)
Not Designated as Hedging Instrument \| Financial Futures
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(12)	11	(31)	(8)
Not Designated as Hedging Instrument \| Currency Swap [Member]
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(7)	8	15	20
Not Designated as Hedging Instrument \| Foreign Currency Forwards
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	77	(37)	(85)	(130)
Not Designated as Hedging Instrument \| Consumer Price Index Swap [Member]
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(1)	0	(2)	7
Not Designated as Hedging Instrument \| Equity Options
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	1	3	(4)	(22)
Not Designated as Hedging Instrument \| Embedded Derivatives In Modified Coinsurance Or Funds Withheld Arrangements
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(112)	1	(9)	18
Not Designated as Hedging Instrument \| Embedded Derivatives In Indexed Annuity [Member]
Income Affect Of Non Hedging Derivatives [Line Items]
Interest credited	15	3	27	14
Not Designated as Hedging Instrument \| Interest Rate Future
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	0	0	2	2
Not Designated as Hedging Instrument \| Total Return Swap
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	7	(8)	0	0
Not Designated as Hedging Instrument \| Interest Rate Swaption
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(3)	16	(6)	(10)
Not Designated as Hedging Instrument \| Credit Default Swaps
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	10	(26)	14	(5)
Not Designated as Hedging Instrument \| Foreign Exchange Option
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	$ 2	$ 0	$ (1)	$ 0

Segment Information (Total Revenues of Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 5,651	$ 5,153	$ 16,866	$ 13,560
Other Segments \| Americas [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	3,054	3,064	9,985	7,601
Other Segments \| CANADA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	501	392	1,404	1,177
Other Segments \| EMEA [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	805	631	2,297	1,841
Other Segments \| Asia Pacific [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,122	931	2,936	2,679
Corporate and Other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	169	135	244	262
Life Insurance Product Line [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,137	1,949	6,095	5,693
Life Insurance Product Line [Member] \| Other Segments \| CANADA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	385	366	1,160	1,098
Life Insurance Product Line [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	550	471	1,599	1,382
Life Insurance Product Line [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	819	801	2,388	2,282
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	917	1,115	3,890	1,908
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| CANADA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	116	26	244	79
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	255	160	698	459
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 303	$ 130	$ 548	$ 397

Investments Investments (Allowance for Credit Loss Roll Forward) (Details) - Available-for-sale Securities [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Beginning Balance	$ 111	$ 75	$ 75	$ 37
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	(10)		(42)	(45)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	0		(9)	(10)
Other-than-Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	(1)	(1)	11	2
Other Than Temporary Impairment Credit Losses Recognized In Earnings Write Offs	0	6	(1)	6
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	120	68	120	68
Corporate Debt Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Beginning Balance	95	62	62	27
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	(10)		(42)	(44)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	0		(9)	(10)
Other-than-Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	(1)	1	8	0
Other Than Temporary Impairment Credit Losses Recognized In Earnings Write Offs	0	6	(1)	6
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	104	55	104	55
Asset-backed Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Beginning Balance	15	12	12	10
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0		0	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	0		0	0
Other-than-Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	0	0	3	2
Other Than Temporary Impairment Credit Losses Recognized In Earnings Write Offs	0	0	0	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	15	12	15	12
Commercial Mortgage Backed Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Beginning Balance	1	1	1	0
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0		0	(1)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	0		0	0
Other-than-Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	0	0	0	0
Other Than Temporary Impairment Credit Losses Recognized In Earnings Write Offs	0	0	0	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	$ 1	$ 1	$ 1	$ 1

Commitments, Contingencies and Guarantees (Maximum Potential Obligation) (Details) $ in Millions	Sep. 30, 2024 USD ($)
Commitment Period Two Thousand Thirty Four [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 1,243
Commitment Period Two Thousand Thirty Five [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	1,909
Commitment Period Two Thousand Thirty Six [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	3,599
Commitment Period Two Thousand Thirty Seven
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	5,100
Commitment Period Two Thousand Thirty Eight
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	2,550
Commitment Period Two Thousand Thirty Nine
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	8,751
Commitment Period Two Thousand Forty Six
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	3,000
Commitment Period Two Thousand Forty One
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	720
Commitment Period Two Thousand Forty Nine
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 4,750

Employee Benefit Plans (Defined Benefit Plans Disclosure) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3	$ 3	$ 10	$ 10
Interest cost	3	3	8	8
Expected return on plan assets	(3)	(3)	(9)	(8)
Amortization of prior service cost	0	0	0	0
Amortization of prior actuarial loss	1	1	2	2
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	(1)	0	(1)	0
Total	5	4	12	12
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	1	1
Interest cost	1	1	2	2
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	0	0	(1)	(1)
Amortization of prior actuarial loss	0	0	0	0
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	0	0	0	0
Total	$ 1	$ 1	$ 2	$ 2

Investments (Fixed Maturity Securities Pledged And Received As Collateral) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

$ 81,606

$ 64,977

Fixed maturity securities, available-for-sale

78,149

^[1]

60,467

^[2]

Collateral Fixed Maturity Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

891

572

Fixed maturity securities, available-for-sale

814

517

Collateral Received Fixed Maturity Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Fixed maturity securities, available-for-sale

2,419

1,827

Reported Value Measurement [Member]

Debt Securities, Available-for-sale [Line Items]

Assets Held-in-trust

47,251

32,758

Estimate of Fair Value Measurement [Member]

Debt Securities, Available-for-sale [Line Items]

Assets Held-in-trust

45,545

30,359

Deposits

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

Fixed maturity securities, available-for-sale

Federal Home Loan Bank Certificates and Obligations (FHLB)

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

Fixed maturity securities, available-for-sale

$ 72

$ 63

[1]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.
[2]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million

Equity (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	$ 90	$ 90	$ 90	$ 90	$ 90	$ 90
Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 500

- Definition

Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Oct. 22, 2024
Cover [Abstract]
Entity Incorporation, State or Country Code	MO
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Amendment flag	false
Entity registrant name	REINSURANCE GROUP OF AMERICA, INCORPORATED
Entity central index key	0000898174
Entity current reporting status	Yes
Entity Interactive Data Current	Yes
Current fiscal year end date	--12-31
Entity filer category	Large Accelerated Filer
Common Shares Outstanding		65,864,330
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Small Business	false
Entity Tax Identification Number	43-1627032
Document Transition Report	false
Entity File Number	1-11848

Commitments, Contingencies and Guarantees (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances	$ 1,400	$ 1,100
Other Notes Payable	$ 2,700	$ 1,300

Derivative Instruments (Exposure from Credit Derivatives by Rating of the Underlying Credits) (Details) - USD ($)
$ in Millions

6 Months Ended

9 Months Ended

Jun. 30, 2024

Sep. 30, 2024

Dec. 31, 2023

Credit Derivatives [Line Items]

Credit Derivative Current Fair Value

^[1]

$ 2

$ 4

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1],[2]

$ 2,726

1,475

Derivative Average Remaining Maturity

^[1],[3]

8 years 6 months

6 years 8 months 12 days

Standard Poors AAA To A Minus Ratings [Member] | Single Name Credit Default Swaps [Member]

Credit Derivatives [Line Items]

Credit Derivative Current Fair Value

^[1]

$ (1)

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1],[2]

$ 410

420

Derivative Average Remaining Maturity

^[1],[3]

18 years 1 month 6 days

17 years 9 months 18 days

Standard Poors BBB Rating [Member] | Single Name Credit Default Swaps [Member]

Credit Derivatives [Line Items]

Credit Derivative Current Fair Value

^[1]

$ 3

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1],[2]

$ 145

165

Derivative Average Remaining Maturity

^[1],[3]

2 years 9 months 18 days

2 years 3 months 18 days

Standard Poors BBB Rating [Member] | Credit Default Swaps Referencing Indices [Member]

Credit Derivatives [Line Items]

Credit Derivative Current Fair Value

^[1]

$ 0

(1)

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1],[2]

$ 2,156

880

Derivative Average Remaining Maturity

^[1],[3]

5 years

4 years 10 months 24 days

Standard Poors BBB Rating [Member] | Credit Default Subtotal [Member]

Credit Derivatives [Line Items]

Credit Derivative Current Fair Value

^[1]

$ 3

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1],[2]

$ 2,301

1,045

Derivative Average Remaining Maturity

^[1],[3]

4 years 8 months 12 days

Standard & Poor's, BB Rating [Member]

Credit Derivatives [Line Items]

Derivative Average Remaining Maturity

^[1],[2]

2 years 2 months 12 days

1 year 8 months 12 days

Standard & Poor's, BB Rating [Member] | Single Name Credit Default Swaps [Member]

Credit Derivatives [Line Items]

Credit Derivative Current Fair Value

^[1]

$ 0

(1)

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1],[2]

$ 5

Standard & Poor's, B Rating

Credit Derivatives [Line Items]

Derivative Average Remaining Maturity

^[3]

0 years

1 year 6 months

Standard & Poor's, B Rating | Single Name Credit Default Swaps [Member]

Credit Derivatives [Line Items]

Credit Derivative Current Fair Value

^[1]

$ 0

Maximum Potential Future Exposure on Credit Risk Derivatives

^[2]

$ 10

$ 0

[1]	The rating agency designations are based on ratings from Standard and Poor’s (“S&P”).
[2]	Assumes the value of the referenced credit obligations is zero.
[3]	The weighted average years to maturity of the credit default swaps is calculated based on weighted average notional amounts.

Reinsurance

9 Months Ended

Sep. 30, 2024

Retrocession Arrangements And Reinsurance Ceded Receivables [Abstract]

Retrocession Arrangements and Reinsurance Ceded Receivables

REINSURANCE

Ceded Reinsurance

In the normal course of business, the Company seeks to limit its exposure to loss on any single insured and to recover a portion of the benefits paid by ceding reinsurance to other insurance or reinsurance companies under excess coverage and coinsurance contracts. Claims in excess of this retention amount are retroceded to retrocessionaires; however, the Company remains fully liable to the ceding company for the entire amount of risk it assumes. During the third quarter of 2024, the Company decided to increase its per life retention limit to $8 million to $30 million on January 1, 2025, and began notifying the Company’s retrocessionaires of the increased per life retention limit and the Company’s intention to recapture risk ceded to the Company’s retrocessionaires in the future. The increased retention limit and updated recapture assumption resulted in a future policy benefits remeasurement loss of $136 million recognized in the third quarter of 2024.

Retrocession reinsurance treaties do not relieve the Company from its obligations to direct writing companies. Failure of retrocessionaires to honor their obligations could result in losses to the Company. Consequently, allowances would be established for amounts deemed uncollectible. The Company regularly evaluates the financial condition of the insurance companies from which it assumes and to which it cedes reinsurance. At September 30, 2024 and December 31, 2023, no allowances were deemed necessary.

Retrocessions are arranged through the Company’s retrocession pools for amounts in excess of the Company’s retention limit. As of September 30, 2024, all rated retrocession pool participants followed by the A.M. Best Company were rated “B++ (Good)” or better. The Company verifies retrocession pool participants’ ratings on a quarterly basis. For a majority of the retrocessionaires that were not rated, security in the form of letters of credit or trust assets have been posted. In addition, the Company performs annual financial reviews of its retrocessionaires to evaluate financial stability and performance.

Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled life reinsurance company to reinsure U.S. asset-intensive business was launched in 2023 with the Company as a sponsor. The Company, which is not an investor in Ruby Re, does not consolidate the entity. During the third quarter of 2024, the Company completed a coinsurance funds withheld transaction under which it retroceded $390 million of asset-intensive business to Ruby Re. As of September 30, 2024, the Company has a ceded reinsurance recoverable from Ruby Re of approximately $2.7 billion.

Two reinsurance companies, including Ruby Re, account for approximately 77.2% of reinsurance ceded receivables and other as of September 30, 2024.

As of September 30, 2024 and December 31, 2023, $4 million and $10 million of claims recoverable were in excess of 90 days past due, respectively. Also included in reinsurance ceded receivables and other is a deposit asset on reinsurance of $2.8 billion and $3.1 billion as of September 30, 2024 and December 31, 2023, respectively.

Funds Withheld

Certain of the Company’s retrocession agreements, including those with Ruby Re, are on a modco or funds withheld basis. While the economic benefits of the funds withheld assets are passed on to the assuming company, the Company retains legal ownership of the assets within the funds withheld account and established a funds withheld liability. Net investment income related to the funds withheld assets are reported in other reinsurance expense, and net realized gains (losses) related to the assets

are reported net of the amount that is passed on to the assuming company. The following assets were held in support of the Company’s funds withheld arrangements and are reported in the line items shown in the condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024		December 31, 2023
Fixed maturity securities available-for-sale	$	2,390	$	2,442
Equity securities	2		2
Mortgage loans	452		451
Funds withheld at interest	1,486		1,545
Real estate joint ventures	48		35
Short-term investments and cash and cash equivalents	58		30
Accrued investment income	32		28
Net other assets	—		1
Net assets	$	4,468	$	4,534

Certain assets are reported at amortized cost while the fair value of those assets is reflected in the funds withheld payable. The Company had a $4,809 million and $4,483 million funds withheld payable as of September 30, 2024 and December 31, 2023, respectively, net of an embedded derivative asset of $51 million and $206 million as of September 30, 2024 and December 31, 2023.

Policyholder Account Balances

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Long-Duration Insurance Contracts Disclosure

POLICYHOLDER ACCOUNT BALANCES

Policyholder Account Balances


For the nine months ended September 30, 2024:	U.S. and Latin America – Traditional			U.S. and Latin America – Financial Solutions			Asia Pacific – Financial Solutions
Balance, beginning of year	$	1,612		$	17,838		$	3,990
Deposits	1,779			101			1,262
Policy charges	(103)			(61)			(137)
Surrenders and withdrawals	(11)			(1,598)			(903)
Benefit payments	(91)			(346)			(331)
Interest credited	132			432			84
Foreign currency translation	—			—			4
Balance, end of period	$	3,318		$	16,366		$	3,969
Less: reinsurance recoverable	—			(2,844)			—
Balance, end of period, after reinsurance	$	3,318		$	13,522		$	3,969

Weighted average crediting rate	3.1		%	3.5		%	3.7		%
Net amount at risk (1)	$	34,671		$	6,614		$	13
Cash surrender value	$	3,313		$	16,262		$	3,618


For the nine months ended September 30, 2023:	U.S. and Latin America – Traditional			U.S. and Latin America – Financial Solutions			Asia Pacific – Financial Solutions
Balance, beginning of year	$	1,683		$	18,906		$	3,351
Deposits	20			84			765
Policy charges	(23)			(26)			(5)
Surrenders and withdrawals	(11)			(1,517)			(93)
Benefit payments	(96)			(357)			(79)
Interest credited	49			425			82
Foreign currency translation	—			—			(43)
Balance, end of period	$	1,622		$	17,515		$	3,978
Less: reinsurance recoverable	—			(1,501)			—
Balance, end of period, after reinsurance	$	1,622		$	16,014		$	3,978

Weighted average crediting rate	4.4		%	3.3		%	3.0		%
Net amount at risk (1)	$	664		$	2,410		$	—
Cash surrender value	$	1,608		$	17,479		$	3,760

Information regarding the Company’s policyholder account balances as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,
	2024		2023
Policyholder account balances included in the rollforwards:
Traditional:
U.S. and Latin America	$	3,318	$	1,622
Financial Solutions:
U.S. and Latin America	16,366		17,515
Asia Pacific	3,969		3,978
Other policyholder account balances
U.S. and Latin America – Financial Solutions	76		51
Total policyholder account balances	$	23,729	$	23,166


	September 30, 2024
	Range of Guaranteed Minimum Crediting Rate	At Guaranteed Minimum		1 Basis Point – 50 Basis Points Above		51 Basis Points – 100 Basis Points Above		101 Basis Points – 150 Basis Points Above		Greater Than 150 Basis Points Above		Total

U.S. and Latin America – Traditional	Less than 1.00%	$	702	$	—	$	—	$	—	$	—	$	702
	1.00 – 1.99%	56		2		8		—		—		66
	2.00 – 2.99%	108		—		—		1		—		109
	3.00 – 3.99%	495		7		117		—		—		619
	4.00% and Greater	739		103		980		—		—		1,822
	Total	$	2,100	$	112	$	1,105	$	1	$	—	$	3,318

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,342		12		10		35		29		1,428
	2.00 – 2.99%	1,301		15		35		530		170		2,051
	3.00 – 3.99%	3,693		213		116		4		2		4,028
	4.00% and Greater	8,827		32		—		—		—		8,859
	Total	$	15,163	$	272	$	161	$	569	$	201	$	16,366

Asia Pacific – Financial Solutions	Less than 1.00%	$	193	$	—	$	—	$	—	$	—	$	193
	1.00 – 1.99%	477		—		—		—		—		477
	2.00 – 2.99%	492		—		—		—		—		492
	3.00 – 3.99%	993		—		—		—		—		993
	4.00% and Greater	1,814		—		—		—		—		1,814
	Total	$	3,969	$	—	$	—	$	—	$	—	$	3,969


	September 30, 2023
	Range of Guaranteed Minimum Crediting Rate	At Guaranteed Minimum		1 Basis Point – 50 Basis Points Above		51 Basis Points – 100 Basis Points Above		101 Basis Points – 150 Basis Points Above		Greater Than 150 Basis Points Above		Total

U.S. and Latin America – Traditional	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	—		—		—		—		—		—
	2.00 – 2.99%	—		—		—		—		—		—
	3.00 – 3.99%	—		—		—		—		—		—
	4.00% and Greater	514		108		1,000		—		—		1,622
	Total	$	514	$	108	$	1,000	$	—	$	—	$	1,622

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,681		10		15		63		35		1,804
	2.00 – 2.99%	1,625		14		42		608		62		2,351
	3.00 – 3.99%	4,335		234		81		2		—		4,652
	4.00% and Greater	8,665		43		—		—		—		8,708
	Total	$	16,306	$	301	$	138	$	673	$	97	$	17,515

Asia Pacific – Financial Solutions	Less than 1.00%	$	281	$	—	$	—	$	—	$	—	$	281
	1.00 – 1.99%	699		—		—		—		—		699
	2.00 – 2.99%	827		—		—		—		—		827
	3.00 – 3.99%	1,289		—		—		—		—		1,289
	4.00% and Greater	882		—		—		—		—		882
	Total	$	3,978	$	—	$	—	$	—	$	—	$	3,978

Fair Value of Assets and Liabilities

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Disclosures

FAIR VALUE OF ASSETS AND LIABILITIES

Fair Value Measurement

General accounting principles for Fair Value Measurements and Disclosures define fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. These principles also establish a three-level fair value hierarchy that requires an entity to maximize the use of observable inputs and to minimize the use of unobservable inputs when measuring fair value:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities. Active markets are defined through various characteristics for the measured asset/liability, such as having many transactions and narrow bid/ask spreads.

Level 2 – Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or market standard valuation techniques and assumptions that use significant inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the related assets or liabilities and include those whose value is determined using market standard valuation techniques described above. Prices are determined using valuation methodologies such as discounted cash flow models and other similar techniques that require management’s judgment or estimation in developing inputs that are consistent with those other market participants would use when pricing similar assets and liabilities.

For a discussion of the Company’s valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 13 – “Fair Value of Assets and Liabilities” in the Notes to Consolidated Financial Statements included in the Company’s 2023 Annual Report.

See Note 7 – “Market Risk Benefits” for information about fair value measurement of market risk benefits.

Assets and Liabilities by Hierarchy Level

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023 are summarized below (dollars in millions):


September 30, 2024:			Fair Value Measurements Using:
	Total		Level 1		Level 2		Level 3
Assets: (1)
Fixed maturity securities available-for-sale:
Corporate	$	51,087	$	—	$	44,944	$	6,143
Canadian government	4,970		—		4,970		—
Japanese government	5,270		—		5,270		—
ABS	5,373		—		3,851		1,522
CMBS	2,238		—		2,204		34
RMBS	1,318		—		1,318		—
U.S. government	1,703		1,608		89		6
State and political subdivisions	821		—		821		—
Other foreign government	5,369		—		5,335		34
Total fixed maturity securities available-for-sale	78,149		1,608		68,802		7,739
Equity securities	155		73		—		82
Funds withheld at interest – embedded derivatives	(231)		—		—		(231)
Funds withheld at interest	60		—		—		60
Cash equivalents	3,530		3,530		—		—
Short-term investments	345		160		174		11
Other invested assets:
Derivatives	199		—		199		—

Other	19		—		19		—
Total other invested assets	218		—		218		—

Total	$	82,226	$	5,371	$	69,194	$	7,661
Liabilities:
Interest-sensitive contract liabilities – embedded derivatives	$	385	$	—	$	—	$	385

Funds withheld at interest – embedded derivatives	(51)		—		—		(51)
Derivatives – other liabilities	216		—		216		—
Total	$	550	$	—	$	216	$	334


December 31, 2023:			Fair Value Measurements Using:
	Total		Level 1		Level 2		Level 3
Assets: (1)
Fixed maturity securities available-for-sale:
Corporate	$	38,755	$	—	$	33,822	$	4,933
Canadian government	3,917		—		3,917		—
Japanese government	3,131		—		3,131		—
ABS	4,429		—		3,064		1,365
CMBS	1,773		—		1,714		59
RMBS	1,079		—		1,078		1
U.S. government	2,520		2,426		87		7
State and political subdivisions	1,114		—		1,095		19
Other foreign government	3,749		—		3,714		35
Total fixed maturity securities available-for-sale	60,467		2,426		51,622		6,419
Equity securities	139		69		—		70
Funds withheld at interest – embedded derivatives	(377)		—		—		(377)
Funds withheld at interest	54		—		—		54
Cash equivalents	1,335		1,322		13		—
Short-term investments	187		90		95		2
Other invested assets:
Derivatives	97		—		97		—
Other	22		—		22		—


Total other invested assets	119		—		119		—
Total	$	61,924	$	3,907	$	51,849	$	6,168
Liabilities:
Interest-sensitive contract liabilities – embedded derivatives	$	415	$	—	$	—	$	415
Funds withheld at interest – embedded derivatives	(206)		—		—		(206)
Derivatives – other liabilities	197		—		197		—
Total	$	406	$	—	$	197	$	209

Quantitative Information Regarding Internally Priced Assets and Liabilities


	Estimated Fair Value				Valuation Technique	Unobservable Input	Range (Weighted Average)
	September 30, 2024		December 31, 2023				September 30, 2024	December 31, 2023
Assets:
Corporate	$	115	$	91	Market comparable securities	Liquidity premium	2-2% (2%)	0-2% (1%)
						EBITDA Multiple	5.7x-11.0x (8.7x)	6.0x-8.5x (7.1x)
ABS	285		268		Market comparable securities	Liquidity premium	0-9% (2%)	0-18% (2%)
U.S. government	6		7		Market comparable securities	Liquidity premium	0-1% (1%)	0-1% (1%)


Equity securities	32		31		Market comparable securities	Liquidity premium	4%	4%
						EBITDA Multiple	8.4x-12.8x (10.9x)	8.4x-12.3x (10.1x)
Short-Term Investments	1		—		Market comparable securities	EBITDA Multiple	6.2x	—
Funds withheld at interest – embedded derivatives	14		(50)		Total return swap	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (16%)	0-35% (18%)
						Withdrawal	0-10% (4%)	0-5% (4%)
						CVA	0-5% (0%)	0-5% (0%)
						Crediting rate	1-4% (2%)	1-4% (2%)


Liabilities:
Interest-sensitive contract liabilities – embedded derivatives – indexed annuities	385		415		Discounted cash flow	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (15%)	0-35% (17%)
						Withdrawal	0-10% (4%)	0-5% (4%)
						Option budget projection	1-4% (2%)	1-4% (2%)

Changes in Level 3 Assets and Liabilities

Assets and liabilities transferred into Level 3 are due to a lack of observable market transactions and price information. Transfers out of Level 3 are primarily the result of the Company obtaining observable pricing information or a third-party pricing quotation that appropriately reflects the fair value of those assets and liabilities.

For further information on the Company’s valuation processes, see Note 13 – “Fair Value of Assets and Liabilities” in the Notes to Consolidated Financial Statements included in the Company’s 2023 Annual Report.

The reconciliations for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) are as follows (dollars in millions):


For the three months ended September 30, 2024:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	5,501	$	31	$	1,497	$	27	$	74	$	—	$	15	$	(68)	$	55	$	(386)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	4		—		—		—		—		—		—		—		3		—
Investment related gains (losses), net	(8)		—		—		—		3		—		(1)		(112)		—		—



Interest credited	—		—		—		—		—		—		—				—		(15)
Included in other comprehensive income (loss)	149		3		26		—		—		—		—		—		3		—

Purchases (2)	809		—		99		—		6		—		(3)		—		1		(7)
Sales (2)	(96)		—		—		—		(1)		—		—		—		—		—
Settlements (2)	(196)		—		(101)		—		—		—		—		—		(2)		23
Transfers into Level 3	—		—		36		—		—		—		—		—		—		—
Transfers out of Level 3	(20)		—		(1)		(21)		—		—		—		—		—		—
Fair value, end of period	$	6,143	$	34	$	1,556	$	6	$	82	$	—	$	11	$	(180)	$	60	$	(385)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	3	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3	$	—
Investment related gains (losses), net	(11)		—		—		—		2		—		(1)		(112)		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(39)
Included in other comprehensive income (loss)	150		3		26		—		—		—		—		—		3		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.


For the nine months ended September 30, 2024:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	4,933	$	35	$	1,425	$	26	$	70	$	—	$	2	$	(171)	$	54	$	(415)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	10		—		3		—		—		—		—		—		5		—
Investment related gains (losses), net	(56)		—		(1)		—		(4)		—		(1)		(9)		—		—



Interest credited	—		—		—		—		—		—		—		—		—		(27)
Included in other comprehensive income (loss)	132		(1)		30		—		—		—		—		—		2		—

Purchases (2)	2,001		—		287		—		17		—		12		—		2		(18)
Sales (2)	(278)		—		(23)		—		(1)		—		(1)		—		—		—
Settlements (2)	(546)		—		(260)		(1)		—		—		—		—		(3)		75
Transfers into Level 3	1		—		117		2		—		—		—		—		—		—
Transfers out of Level 3	(54)		—		(22)		(21)		—		—		(1)		—		—		—
Fair value, end of period	$	6,143	$	34	$	1,556	$	6	$	82	$	—	$	11	$	(180)	$	60	$	(385)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	6	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	5	$	—
Investment related gains (losses), net	(56)		—		(3)		—		(5)		—		(1)		(9)		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(103)
Included in other comprehensive income (loss)	135		(1)		32		—		—		—		—		—		2		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.


For the three months ended September 30, 2023:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	4,654	$	35	$	1,397	$	29	$	68	$	—	$	6	$	9	$	53	$	(472)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	1		—		1		—		—		—		—		—		—		—
Investment related gains (losses), net	4		—		—		—		—		—		—		1		—		—

Interest credited	—		—		—		—		—		—		—		—		—		3

Included in other comprehensive income (loss)	(84)		(2)		(16)		(2)		—		—		—		—		(2)		—

Purchases (2)	170		—		29		—		—		—		9		—		—		3
Sales (2)	(19)		—		(10)		—		—		—		—		—		—		—
Settlements (2)	(164)		—		(76)		—		—		—		(1)		—		—		25
Transfers into Level 3	53		—		—		—		—		—		—		—		—		—
Transfers out of Level 3	—		—		—		—		—		—		(6)		—		—		—
Fair value, end of period	$	4,615	$	33	$	1,325	$	27	$	68	$	—	$	8	$	10	$	51	$	(441)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	1	$	—	$	1	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Investment related gains (losses), net	—		—		—		—		—		—		—		1		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(22)
Included in other comprehensive income (loss)	(81)		(2)		(16)		(2)		—		—		—		—		(2)		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.


For the nine months ended September 30, 2023:	Fixed maturity securities available-for-sale														Funds withheld at interest –embedded derivatives, net (1)		Funds withheld at interest		Interest-sensitive contract liabilities – embedded derivatives
	Corporate		Foreign govt		Structured securities		U.S. and local govt		Equity securities		Cash equivalents		Short-term investments
Fair value, beginning of period	$	4,299	$	35	$	1,353	$	35	$	66	$	—	$	13	$	(8)	$	54	$	(530)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	3		—		4		—		—		—		—		—		(3)		—
Investment related gains (losses), net	4		—		(1)		—		(2)		—		(1)		18		—		—

Interest credited	—		—		—		—		—		—		—		—		—		14

Included in other comprehensive income (loss)	(93)		(2)		28		(2)		—		—		—		—		1		—

Purchases (2)	680		—		144		—		8		1		10		—		1		13
Sales (2)	(51)		—		(14)		—		(4)		—		—		—		—		—
Settlements (2)	(282)		—		(198)		(1)		—		—		(1)		—		(2)		62
Transfers into Level 3	61		—		64		—		—		—		6		—		—		—
Transfers out of Level 3	(6)		—		(55)		(5)		—		(1)		(19)		—		—		—
Fair value, end of period	$	4,615	$	33	$	1,325	$	27	$	68	$	—	$	8	$	10	$	51	$	(441)
Total gains/losses (realized/unrealized) recorded for the period relating to those Level 3 assets and liabilities that were still held at the end of the period
Included in earnings, net:
Net investment income	$	3	$	—	$	4	$	—	$	—	$	—	$	—	$	—	$	(3)	$	—
Investment related gains (losses), net	(2)		—		(2)		—		(2)		—		(1)		18		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(47)
Included in other comprehensive income (loss)	(94)		(2)		27		(2)		—		—		—		—		1		—

(1)Funds withheld at interest – embedded derivative assets and liabilities are presented net for purposes of the rollforward.

Nonrecurring Fair Value Measurements

The Company has certain assets subject to measurement at fair value on a nonrecurring basis, in periods subsequent to their initial recognition if they are determined to be impaired. For the nine months ended September 30, 2024 and 2023, the Company did not have any material assets that were measured at fair value due to impairment.

Fair Value of Financial Instruments Carried at Other Than Fair Value


September 30, 2024:	Carrying Value (1)		Estimated Fair Value		Fair Value Measurement Using:
					Level 1		Level 2		Level 3
Assets:
Mortgage loans	$	8,388	$	8,187	$	—	$	—	$	8,187
Policy loans	1,285		1,285		—		1,285		—
Funds withheld at interest	5,716		5,424		—		—		5,424
Limited partnerships – cost method	55		63		—		—		63
Cash and cash equivalents	1,665		1,665		1,665		—		—
Short-term investments	36		36		36		—		—
Other invested assets	1,108		916		3		72		841
Accrued investment income	995		995		—		995		—
Liabilities:
Interest-sensitive contract liabilities (2)	$	22,401	$	22,559	$	—	$	—	$	22,559
Funds withheld at interest	4,860		4,644		—		—		4,644
Long-term debt	5,067		5,025		—		—		5,025


December 31, 2023:
Assets:
Mortgage loans	$	7,377	$	6,975	$	—	$	—	$	6,975
Policy loans	1,206		1,206		—		1,206		—
Funds withheld at interest	6,005		5,547		—		—		5,547
Limited partnerships – cost method	71		73		—		—		73
Cash and cash equivalents	1,635		1,635		1,635		—		—
Short-term investments	35		35		35		—		—
Other invested assets	1,019		841		4		63		774
Accrued investment income	759		759		—		759		—
Liabilities:
Interest-sensitive contract liabilities (2)	$	21,797	$	21,665	$	—	$	—	$	21,665
Funds withheld at interest	4,689		4,400		—		—		4,400
Long-term debt	4,427		4,243		—		—		4,243

(2)Carrying values and estimated fair values presented herein include a reinsurance recoverable of $2.1 billion and $2.2 billion as of September 30, 2024 and December 31, 2023, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Investments (Mortgage Loans by Maturity Date) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 8,493	$ 7,459
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	100.00%	100.00%
Due within five years
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 3,944	$ 3,228
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	46.40%	43.30%
Due after five years through ten years
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 3,643	$ 3,334
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	42.90%	44.70%
Due after ten years
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 906	$ 897
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	10.70%	12.00%

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

+ References

+ Details

Future Policy Benefits (Details) (Narrative) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future Policy Benefits Remeasurement Gain Loss After Reinsurance	$ 136
Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future Policy Benefits Remeasurement Gain Loss After Reinsurance	39	$ 85
Life Insurance Product Line [Member] \| Americas [Member] \| Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
Changes In Cash Flow Assumptions	31	17
Liability for Future Policy Benefit, after Reinsurance	10,607	8,599
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance	(726)	(658)
Insurance, Other \| Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future Policy Benefits Remeasurement Gain Loss After Reinsurance	20	78
Insurance, Other \| Americas [Member] \| Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
Changes In Cash Flow Assumptions	8	22
Liability for Future Policy Benefit, after Reinsurance	6,853	4,456
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance	$ (1,241)	$ 0

Investments (Investments in Fixed Maturity and Equity Securities Available-for-Sale by Sector) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

$ 81,606

$ 64,977

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

1,755

1,125

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

5,092

5,560

Fixed maturity securities, available-for-sale

$ 78,149

^[1]

$ 60,467

^[2]

% of Total

100.00%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 120

$ 75

Corporate Debt Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

53,327

42,014

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

1,058

554

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

3,194

3,751

Fixed maturity securities, available-for-sale

$ 51,087

^[1]

$ 38,755

^[2]

% of Total

65.40%

64.10%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 104

$ 62

Canadian and Canadian provincial governments

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

4,517

3,477

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

494

473

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

Fixed maturity securities, available-for-sale

$ 4,970

^[1]

$ 3,917

^[2]

% of Total

6.40%

6.50%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 0

Residential mortgage-backed securities

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

1,374

1,173

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

102

Fixed maturity securities, available-for-sale

$ 1,318

^[1]

$ 1,079

^[2]

% of Total

1.70%

1.80%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 0

Asset-backed Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

5,521

4,661

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

177

239

Fixed maturity securities, available-for-sale

$ 5,373

^[1]

$ 4,429

^[2]

% of Total

6.90%

7.30%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 15

$ 12

Commercial Mortgage Backed Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

2,327

1,969

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

115

202

Fixed maturity securities, available-for-sale

$ 2,238

^[1]

$ 1,773

^[2]

% of Total

2.90%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 1

US Treasury and Government [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

1,897

2,725

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

212

214

Fixed maturity securities, available-for-sale

$ 1,703

^[1]

$ 2,520

^[2]

% of Total

2.10%

4.20%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 0

US States and Political Subdivisions Debt Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

895

1,236

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

129

Fixed maturity securities, available-for-sale

$ 821

^[1]

$ 1,114

^[2]

% of Total

1.10%

1.80%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 0

Debt Security, Government, Non-US [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

5,645

4,092

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

360

388

Fixed maturity securities, available-for-sale

$ 5,369

^[1]

$ 3,749

^[2]

% of Total

6.80%

6.20%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 0

JAPAN

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

6,103

3,630

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax

Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax

836

502

Fixed maturity securities, available-for-sale

$ 5,270

$ 3,131

% of Total

6.70%

5.20%

Debt Securities, Available-for-Sale, Allowance for Credit Loss

$ 0

[1]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.
[2]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Comprehensive income (loss)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 158	$ 289	$ 574	$ 749
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	22	(59)	39	83
Net unrealized investment gains (losses)	1,894	(1,780)	868	(1,163)
Effect of updating discount rates on future policy benefits	(624)	1,906	731	1,611
Change in instrument-specific credit risk for market risk benefits	0	(6)	3	(6)
Defined benefit pension and postretirement plan adjustments	0	4	0	13
Total other comprehensive income (loss), net of tax	1,292	65	1,641	538
Total comprehensive income	1,450	354	2,215	1,287
Comprehensive income attributable to noncontrolling interest	2	2	5	5
Total comprehensive income attributable to RGA, Inc.	$ 1,448	$ 352	$ 2,210	$ 1,282

Equity (Schedule of Reclassifications out of AOCI) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2024

Sep. 30, 2023

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Income Tax Expense (Benefit)

$ (56)

$ (91)

$ (181)

$ (247)

Net income

156

287

569

744

Unrealized Appreciation Depreciation Of Investments [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Investment related gains (losses), net

(68)

(36)

(356)

(132)

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

(85)

(41)

(389)

(140)

Income Tax Expense (Benefit)

Net income

(67)

(28)

(310)

(104)

Amortization Of Unrealized Pension And Postretirement Benefits [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Prior service cost

^[1]

Actuarial gains/(losses)

^[1]

(1)

(2)

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

(1)

Income Tax Expense (Benefit)

Net income

(1)

Amounts Reclassified From AOCI [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Net income

(68)

(29)

(311)

(105)

Currency Swap [Member] | Unrealized Appreciation Depreciation Of Investments [Member] | Unrealized Gains Losses On Available For Sale Securities [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

^[2]

(20)

(8)

(42)

(15)

Interest Rate Options [Member] | Unrealized Appreciation Depreciation Of Investments [Member] | Unrealized Gains Losses On Available For Sale Securities [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

^[2]

$ 3

$ 9

$ 7

[1]	This AOCI component is included in the computation of the net periodic pension cost. See Note 14 – “Employee Benefit Plans” for additional details.
[2]	See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

Policyholder Account Balances (Account Balances) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2024

Sep. 30, 2023

Dec. 31, 2023

Dec. 31, 2022

Policyholder Account Balance [Line Items]

Policyholder Account Balance

$ 23,729

$ 23,166

$ 23,729

$ 23,166

Interest credited

310

223

795

647

Policyholder Account Balance, Increase (Decrease) from Other Change

Life Insurance Product Line [Member] | Americas [Member] | Other Segments

Policyholder Account Balance [Line Items]

Policyholder Account Balance

3,318

1,622

3,318

1,622

$ 1,612

$ 1,683

Policyholder Account Balance, Issuance

1,779

Policyholder Account Balance, Policy Charge

(103)

(23)

Policyholder Account Balance, Surrender and Withdrawal

(11)

Policyholder Account Balance, Benefit Payment

(91)

(96)

Interest credited

132

Policyholder Account Balance Foreign Currency Translation

Policyholder Account Balance Reinsurance Recoverable

Policyholder Account Balance After Reinsurance

3,318

1,622

3,318

1,622

Policyholder Account Balance, Net Amount at Risk

^[1]

34,671

664

34,671

664

Policyholder Account Balance, Cash Surrender Value

$ 3,313

$ 1,608

$ 3,313

$ 1,608

Policyholder Account Balance, Weighted Average Crediting Rate

3.10%

4.40%

3.10%

4.40%

Insurance, Other | Americas [Member] | Other Segments

Policyholder Account Balance [Line Items]

Policyholder Account Balance

$ 16,366

$ 17,515

$ 16,366

$ 17,515

17,838

18,906

Policyholder Account Balance, Issuance

101

Policyholder Account Balance, Policy Charge

(61)

(26)

Policyholder Account Balance, Surrender and Withdrawal

(1,598)

(1,517)

Policyholder Account Balance, Benefit Payment

(346)

(357)

Interest credited

432

425

Policyholder Account Balance Foreign Currency Translation

Policyholder Account Balance Reinsurance Recoverable

(2,844)

(1,501)

(2,844)

(1,501)

Policyholder Account Balance After Reinsurance

13,522

16,014

13,522

16,014

Policyholder Account Balance, Net Amount at Risk

^[1]

6,614

2,410

6,614

2,410

Policyholder Account Balance, Cash Surrender Value

$ 16,262

$ 17,479

$ 16,262

$ 17,479

Policyholder Account Balance, Weighted Average Crediting Rate

3.50%

3.30%

3.50%

3.30%

Insurance, Other | Asia Pacific [Member] | Other Segments

Policyholder Account Balance [Line Items]

Policyholder Account Balance

$ 3,969

$ 3,978

$ 3,969

$ 3,978

$ 3,990

$ 3,351

Policyholder Account Balance, Issuance

1,262

765

Policyholder Account Balance, Policy Charge

(137)

(5)

Policyholder Account Balance, Surrender and Withdrawal

(903)

(93)

Policyholder Account Balance, Benefit Payment

(331)

(79)

Interest credited

Policyholder Account Balance Foreign Currency Translation

Policyholder Account Balance Reinsurance Recoverable

Policyholder Account Balance After Reinsurance

3,969

3,978

3,969

3,978

Policyholder Account Balance, Net Amount at Risk

^[1]

Policyholder Account Balance, Cash Surrender Value

$ 3,618

$ 3,760

$ 3,618

$ 3,760

Policyholder Account Balance, Weighted Average Crediting Rate

3.70%

3.00%

3.70%

3.00%

[1]	Net amount at risk is defined as the guaranteed amount less the account value as of the balance sheet date. The balance represents the amount of the claim the Company would incur if death claims were filed on all contracts on the balance sheet date.

Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Reconciliation Of Revenue From Segments To Consolidated Text Block

Information related to revenues, income (loss) before income taxes and total assets of the Company for each reportable segment are summarized below (dollars in millions):


	Three months ended September 30,				Nine months ended September 30,
Revenues:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	2,137	$	1,949	$	6,095	$	5,693
Financial Solutions	917		1,115		3,890		1,908
Total	3,054		3,064		9,985		7,601
Canada:
Traditional	385		366		1,160		1,098
Financial Solutions	116		26		244		79
Total	501		392		1,404		1,177
Europe, Middle East and Africa:
Traditional	550		471		1,599		1,382
Financial Solutions	255		160		698		459
Total	805		631		2,297		1,841
Asia Pacific:
Traditional	819		801		2,388		2,282
Financial Solutions	303		130		548		397
Total	1,122		931		2,936		2,679
Corporate and Other	169		135		244		262
Total	$	5,651	$	5,153	$	16,866	$	13,560

Reconciliation Of Operating Profit Loss From Segments To Consolidated Text Block


	Three months ended September 30,				Nine months ended September 30,
Income (loss) before income taxes:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	57	$	105	$	347	$	288
Financial Solutions	(46)		108		54		290
Total	11		213		401		578
Canada:
Traditional	29		6		103		70
Financial Solutions	21		30		34		46
Total	50		36		137		116
Europe, Middle East and Africa:
Traditional	(17)		(60)		12		(29)
Financial Solutions	84		84		220		195
Total	67		24		232		166
Asia Pacific:
Traditional	11		134		220		302
Financial Solutions	93		(16)		48		(9)
Total	104		118		268		293
Corporate and Other	(18)		(11)		(283)		(157)
Total	$	214	$	380	$	755	$	996

Reconciliation Of Assets From Segment To Consolidated Text Block


Assets:	September 30, 2024		December 31, 2023
U.S. and Latin America:
Traditional	$	25,871	$	24,320
Financial Solutions	30,208		28,385
Total	56,079		52,705
Canada:
Traditional	4,707		5,111
Financial Solutions	5,548		219
Total	10,255		5,330
Europe, Middle East and Africa:
Traditional	4,686		4,334
Financial Solutions	8,291		5,656
Total	12,977		9,990
Asia Pacific:
Traditional	9,079		9,925
Financial Solutions	23,002		14,680
Total	32,081		24,605
Corporate and Other	8,866		4,993
Total	$	120,258	$	97,623

Unpaid Claims and Claims Expense Short Duration Contracts (Tables)

3 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The liability for unpaid claims for short-duration contracts is reported in other policy claims and benefits on the Company’s condensed consolidated balance sheets. Activity associated with unpaid claims is summarized below (dollars in millions):


	Nine months ended September 30,
	2024		2023
Balance, beginning of year	$	2,730	$	2,480
Less: reinsurance recoverable	(80)		(57)
Net balance, beginning of year	2,650		2,423
Incurred:
Current year	1,161		1,268
Prior years	(83)		(89)
Total incurred	1,078		1,179
Payments:
Current year	(240)		(278)
Prior years	(700)		(721)
Total payments	(940)		(999)
Other changes:
Interest accretion	29		25
Foreign exchange adjustments	(4)		(45)
Total other changes	25		(20)

Net balance, end of period	2,813		2,583
Plus: reinsurance recoverable	62		71
Balance, end of period	$	2,875	$	2,654

Equity (Tables)

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class [Table Text Block]

The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods indicated:


	Issued	Held In Treasury	Outstanding
Balance, December 31, 2023	85,310,598	19,689,885	65,620,713

Common stock acquired	—	—	—
Equity based compensation (1)	—	(243,171)	243,171
Balance, September 30, 2024	85,310,598	19,446,714	65,863,884


	Issued	Held In Treasury	Outstanding
Balance, December 31, 2022	85,310,598	18,634,390	66,676,208
Common stock acquired	—	1,069,113	(1,069,113)
Equity based compensation (1)	—	(265,118)	265,118
Balance, September 30, 2023	85,310,598	19,438,385	65,872,213

(1)Represents net shares issued from treasury pursuant to the Company’s equity based compensation programs.

Components of Accumulated Other Comprehensive Income

The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the nine months ended September 30, 2024 and 2023 are as follows (dollars in millions):


	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Foreign Currency Translation Adjustments		Net Unrealized Investment Gains (Losses) (1)		Pension and Postretirement Benefits		Effect of Updating Discount Rates on Future Policy Benefits		Instrument-Specific Credit Risk for Market Risk Benefits		Total
Balance, December 31, 2023	$	69	$	(3,668)	$	(29)	$	3,256	$	3	$	(369)
Other comprehensive income (loss) before reclassifications	50		696		(1)		938		4		1,687
Amounts reclassified from AOCI	—		389		1		—		—		390
Deferred income tax benefit (expense)	(11)		(217)		—		(207)		(1)		(436)
Balance, September 30, 2024	$	108	$	(2,800)	$	(29)	$	3,987	$	6	$	1,272


	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Foreign Currency Translation Adjustments		Net Unrealized Investment Gains (Losses) (1)		Pension and Postretirement Benefits		Effect of Updating Discount Rates on Future Policy Benefits		Instrument-Specific Credit Risk for Market Risk Benefits		Total
Balance, December 31, 2022	$	(116)	$	(5,496)	$	(27)	$	3,755	$	13	$	(1,871)
Other comprehensive income (loss) before reclassifications	116		(1,652)		16		2,050		(8)		522
Amounts reclassified from AOCI	—		140		1		—		—		141
Deferred income tax benefit (expense)	(33)		349		(4)		(439)		2		(125)
Balance, September 30, 2023	$	(33)	$	(6,659)	$	(14)	$	5,366	$	7	$	(1,333)

(1)Includes cash flow hedges of $(229) and $(218) as of September 30, 2024 and December 31, 2023, respectively, and $(351) and $(205) as of September 30, 2023 and December 31, 2022, respectively. See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

Reclassification Out Of Accumulated Other Comprehensive Income

The following table presents the amounts of AOCI reclassifications for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


	Amount Reclassified from AOCI
	Three months ended September 30,				Nine months ended September 30,				Affected Line Item in Statements of Income
Details about AOCI Components	2024		2023		2024		2023
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities	$	(68)	$	(36)	$	(356)	$	(132)	Investment related gains (losses), net
Cash flow hedges – Interest rate	3		3		9		7		(1)
Cash flow hedges – Currency/Interest rate	(20)		(8)		(42)		(15)		(1)

Total	(85)		(41)		(389)		(140)
Provision for income taxes	18		13		79		36
Net unrealized gains (losses), net of tax	$	(67)	$	(28)	$	(310)	$	(104)
Amortization of defined benefit plan items:
Prior service cost (credit)	$	—	$	—	$	1	$	1	(2)
Actuarial gains (losses)	(1)		(1)		(2)		(2)		(2)
Total	(1)		(1)		(1)		(1)
Provision for income taxes	—		—		—		—
Amortization of defined benefit plans, net of tax	$	(1)	$	(1)	$	(1)	$	(1)

Total reclassifications for the period	$	(68)	$	(29)	$	(311)	$	(105)

(1)See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

(2)This AOCI component is included in the computation of the net periodic pension cost. See Note 14 – “Employee Benefit Plans” for additional details.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
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+ Details

Document and Entity Information Address	9 Months Ended
Document and Entity Information Address	Sep. 30, 2024
Document Information [Line Items]
Entity Address, Address Line One	16600 Swingley Ridge Road
Entity Address, City or Town	Chesterfield
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63017
City Area Code	636
Local Phone Number	736-7000

Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Schedule Of Defined Benefit Plans Disclosures Text Block

The components of net periodic benefit cost, included in other operating expenses on the Company’s condensed consolidated statements of income, for the three and nine months ended September 30, 2024 and 2023 were as follows (dollars in millions):


	Pension Benefits				Other Benefits
	Three months ended September 30,				Three months ended September 30,
	2024		2023		2024		2023
Service cost	$	3	$	3	$	—	$	—
Interest cost	3		3		1		1
Expected return on plan assets	(3)		(3)		—		—
Amortization of prior service cost (credit)	—		—		—		—
Amortization of prior actuarial losses	1		1		—		—
Settlements	1		—		—		—
Net periodic benefit cost	$	5	$	4	$	1	$	1


	Pension Benefits				Other Benefits
	Nine months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Service cost	$	10	$	10	$	1	$	1
Interest cost	8		8		2		2
Expected return on plan assets	(9)		(8)		—		—
Amortization of prior service cost (credit)	—		—		(1)		(1)
Amortization of prior actuarial losses	2		2		—		—
Settlements	1		—		—		—
Net periodic benefit cost	$	12	$	12	$	2	$	2

Derivative Instruments (Cash Flow Hedges) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 167	$ (128)	$ (44)	$ (154)
Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	20	8	42	15
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	3	3	9	7
Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	57	(113)	33	(107)
Interest Rate Swaps \| Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	3	4	9	4
Interest Rate Swaps \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	3	3	9	7
Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	110	(15)	(11)	(47)
Currency Swap [Member] \| Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	17	(4)	33	11
Currency Swap [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 0	$ 0	$ 0

Deferred Policy Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Deferred Policy Acquisition Costs

The following tables provide the balances of and changes in deferred policy acquisition costs for the Company’s Traditional business for the nine months ended September 30, 2024 and 2023 (dollars in millions):


For the nine months ended September 30, 2024:	U.S. and Latin America – Traditional		Canada – Traditional		Europe, Middle East and Africa – Traditional		Asia Pacific – Traditional
Balance, beginning of year	$	2,191	$	173	$	347	$	1,098
Capitalization	899		6		56		117
Amortization expense	(121)		(8)		(36)		(44)
Foreign currency translation	(2)		(4)		12		(1)
Balance, end of period	$	2,967	$	167	$	379	$	1,170


For the nine months ended September 30, 2023:	U.S. and Latin America – Traditional		Canada – Traditional		Europe, Middle East and Africa – Traditional		Asia Pacific – Traditional
Balance, beginning of year	$	2,087	$	171	$	294	$	1,043
Capitalization	183		7		75		94
Amortization expense	(111)		(9)		(28)		(44)
Foreign currency translation	1		—		(10)		(24)
Balance, end of period	$	2,160	$	169	$	331	$	1,069

The following tables provide the balances of and changes in deferred policy acquisition costs for the Company’s Financial Solutions business for the nine months ended September 30, 2024 and 2023 (dollars in millions):


For the nine months ended September 30, 2024:	U.S. and Latin America – Financial Solutions		Canada – Financial Solutions		Europe, Middle East and Africa – Financial Solutions		Asia Pacific – Financial Solutions
Balance, beginning of year	$	552	$	—	$	—	$	250
Capitalization	1		—		—		67
Amortization expense	(44)		—		—		(33)
Other	(14)		—		—		—
Foreign currency translation	—		—		—		1
Balance, end of period	$	495	$	—	$	—	$	285


For the nine months ended September 30, 2023:	U.S. and Latin America – Financial Solutions		Canada – Financial Solutions		Europe, Middle East and Africa – Financial Solutions		Asia Pacific – Financial Solutions
Balance, beginning of year	$	341	$	—	$	—	$	188
Capitalization	—		—		—		89
Amortization expense	(32)		—		—		(24)
Foreign currency translation	—		—		—		(6)
Balance, end of period	$	309	$	—	$	—	$	247

The reconciliation of deferred policy acquisition costs to the condensed consolidated balance sheets as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,
	2024		2023
Deferred policy acquisition costs included in the rollforwards:
Traditional:
U.S. and Latin America	$	2,967	$	2,160
Canada	167		169
Europe, Middle East and Africa	379		331
Asia Pacific	1,170		1,069
Financial Solutions:
U.S. and Latin America	495		309
Canada	—		—
Europe, Middle East and Africa	—		—
Asia Pacific	285		247
Other long-duration business:
Corporate and Other	14		4
Total deferred policy acquisition costs	$	5,477	$	4,289

Investments (Exposure To Concentrations Of Credit Risk) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

$ 81,606

$ 64,977

Fixed maturity securities, available-for-sale

78,149

^[1]

60,467

^[2]

JAPAN

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

6,103

3,630

Fixed maturity securities, available-for-sale

5,270

3,131

US Treasury and Government [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

1,897

2,725

Fixed maturity securities, available-for-sale

1,703

^[1]

2,520

^[2]

Canadian Province Of Quebec Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

1,591

1,467

Fixed maturity securities, available-for-sale

1,843

1,748

Canadian Province Of Ontario Securities [Member]

Debt Securities, Available-for-sale [Line Items]

Available for Sale at Fair value - Amortized cost

1,180

1,019

Fixed maturity securities, available-for-sale

$ 1,291

$ 1,125

[1]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.
[2]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Derivative Instruments (Fair Value Hedge Cumulative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Hedged Asset, Fair Value Hedge	$ 0	$ 89
Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Hedged Liability, Fair Value Hedge	(970)	(25)
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(43)	(1)
Hedged Liability, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	(23)	1
Other Contract
Derivative Instruments, Gain (Loss) [Line Items]
Hedged Liability, Fair Value Hedge	(672)	0
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(32)	0
Hedged Liability, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	$ (25)	$ 0

Earnings Per Share (Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Shares) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Net income (numerator for basic and diluted calculations)	$ 156	$ 287	$ 569	$ 744
Shares:
Weighted average outstanding shares (denominator for basic calculation)	66	66	66	66
Equivalent shares from outstanding stock awards	1	1	1	1
Denominator for diluted calculation	67	67	67	67
Diluted earnings per share	$ 2.33	$ 4.29	$ 8.53	$ 11.06
Basic earnings per share	$ 2.37	$ 4.34	$ 8.64	$ 11.19
Net Income (Loss) Attributable to Noncontrolling Interest	$ 2	$ 2	$ 5	$ 5
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 158	$ 289	$ 574	$ 749

Financing Activities (Details) - Senior Note 2034 - Senior Notes $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.75%
Debt Instrument, Face Amount	$ 650
Debt Related Commitment Fees and Debt Issuance Costs	$ 6

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

$ 78,149

^[1]

$ 60,467

^[2]

Equity Method Investments, Fair Value Disclosure

155

^[1]

139

^[2]

Funds withheld at interest embedded derivatives

(231)

^[1]

(377)

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

^[1]

^[2]

Cash and cash equivalents

3,530

^[1]

1,335

^[2]

Short-term investments

345

^[1]

187

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

199

^[1]

^[2]

Investments, Fair Value Disclosure

218

^[1]

119

^[2]

Assets, Fair Value Disclosure

82,226

^[1]

61,924

^[2]

Liabilities Fair Value Disclosure

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

385

415

Funds Held under Reinsurance Agreements, Liability

(4,809)

(4,483)

Other liabilities

(216)

(197)

Financial Liabilities Fair Value Disclosure

550

406

Fair Value, Net Asset (Liability)

921

856

Derivative Liability

(51)

(206)

Fair Value Option Contractholder Directed Unit Linked Investments [Member]

Assets Fair Value Disclosure

Investments, Fair Value Disclosure

^[1]

^[2]

Corporate Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

51,087

^[1]

38,755

^[2]

Canadian and Canadian provincial governments

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

4,970

^[1]

3,917

^[2]

Residential mortgage-backed securities

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

1,318

^[1]

1,079

^[2]

Asset-backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

5,373

^[1]

4,429

^[2]

Assets, Fair Value Disclosure

285

268

Commercial Mortgage Backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

2,238

^[1]

1,773

^[2]

US Treasury and Government [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

1,703

^[1]

2,520

^[2]

US States and Political Subdivisions Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

821

^[1]

1,114

^[2]

Debt Security, Government, Non-US [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

5,369

^[1]

3,749

^[2]

Japanese Government

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

5,270

^[1]

3,131

^[2]

Fair Value Inputs Level 1 Member

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

1,608

^[1]

2,426

^[2]

Equity Method Investments, Fair Value Disclosure

^[1]

^[2]

Funds withheld at interest embedded derivatives

^[1]

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

^[1]

^[2]

Cash and cash equivalents

3,530

^[1]

1,322

^[2]

Short-term investments

160

^[1]

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

^[1]

^[2]

Investments, Fair Value Disclosure

^[1]

^[2]

Assets, Fair Value Disclosure

5,371

^[1]

3,907

^[2]

Liabilities Fair Value Disclosure

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

Other liabilities

Financial Liabilities Fair Value Disclosure

Derivative Liability

Fair Value Inputs Level 1 Member | Fair Value Option Contractholder Directed Unit Linked Investments [Member]

Assets Fair Value Disclosure

Investments, Fair Value Disclosure

^[1]

^[2]

Fair Value Inputs Level 1 Member | Corporate Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 1 Member | Canadian and Canadian provincial governments

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 1 Member | Residential mortgage-backed securities

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 1 Member | Asset-backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 1 Member | Commercial Mortgage Backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 1 Member | US Treasury and Government [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

1,608

^[1]

2,426

^[2]

Fair Value Inputs Level 1 Member | US States and Political Subdivisions Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 1 Member | Debt Security, Government, Non-US [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 1 Member | Japanese Government

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 2 Member

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

68,802

^[1]

51,622

^[2]

Equity Method Investments, Fair Value Disclosure

^[1]

^[2]

Funds withheld at interest embedded derivatives

^[1]

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

^[1]

^[2]

Cash and cash equivalents

^[1]

^[2]

Short-term investments

174

^[1]

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

199

^[1]

^[2]

Investments, Fair Value Disclosure

218

^[1]

119

^[2]

Assets, Fair Value Disclosure

69,194

^[1]

51,849

^[2]

Liabilities Fair Value Disclosure

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

Other liabilities

(216)

(197)

Financial Liabilities Fair Value Disclosure

216

197

Derivative Liability

Fair Value Inputs Level 2 Member | Fair Value Option Contractholder Directed Unit Linked Investments [Member]

Assets Fair Value Disclosure

Investments, Fair Value Disclosure

^[1]

^[2]

Fair Value Inputs Level 2 Member | Corporate Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

44,944

^[1]

33,822

^[2]

Fair Value Inputs Level 2 Member | Canadian and Canadian provincial governments

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

4,970

^[1]

3,917

^[2]

Fair Value Inputs Level 2 Member | Residential mortgage-backed securities

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

3,851

^[1]

1,078

^[2]

Fair Value Inputs Level 2 Member | Asset-backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

2,204

^[1]

3,064

^[2]

Fair Value Inputs Level 2 Member | Commercial Mortgage Backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

1,318

^[1]

1,714

^[2]

Fair Value Inputs Level 2 Member | US Treasury and Government [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 2 Member | US States and Political Subdivisions Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

821

^[1]

1,095

^[2]

Fair Value Inputs Level 2 Member | Debt Security, Government, Non-US [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

5,335

^[1]

3,714

^[2]

Fair Value Inputs Level 2 Member | Japanese Government

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

5,270

^[1]

3,131

^[2]

Fair Value Inputs Level 3 Member

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

7,739

^[1]

6,419

^[2]

Equity Method Investments, Fair Value Disclosure

^[1]

^[2]

Funds withheld at interest embedded derivatives

(231)

^[1]

(377)

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

^[1]

^[2]

Cash and cash equivalents

^[1]

^[2]

Short-term investments

^[1]

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

^[1]

^[2]

Investments, Fair Value Disclosure

^[1]

^[2]

Assets, Fair Value Disclosure

7,661

^[1]

6,168

^[2]

Liabilities Fair Value Disclosure

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

385

415

Other liabilities

Financial Liabilities Fair Value Disclosure

334

209

Derivative Liability

(51)

(206)

Fair Value Inputs Level 3 Member | Fair Value Option Contractholder Directed Unit Linked Investments [Member]

Assets Fair Value Disclosure

Investments, Fair Value Disclosure

^[1]

^[2]

Fair Value Inputs Level 3 Member | Corporate Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

6,143

^[1]

4,933

^[2]

Fair Value Inputs Level 3 Member | Canadian and Canadian provincial governments

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 3 Member | Residential mortgage-backed securities

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

1,522

^[1]

^[2]

Fair Value Inputs Level 3 Member | Asset-backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

1,365

^[2]

Fair Value Inputs Level 3 Member | Commercial Mortgage Backed Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 3 Member | US Treasury and Government [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 3 Member | US States and Political Subdivisions Debt Securities [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 3 Member | Debt Security, Government, Non-US [Member]

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

^[1]

^[2]

Fair Value Inputs Level 3 Member | Japanese Government

Assets Fair Value Disclosure

Fixed maturity securities, available-for-sale

$ 0

^[1]

$ 0

^[2]

[1]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.
[2]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million

Equity

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

EQUITY

Common stock

The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods indicated:


	Issued	Held In Treasury	Outstanding
Balance, December 31, 2023	85,310,598	19,689,885	65,620,713

Common stock acquired	—	—	—
Equity based compensation (1)	—	(243,171)	243,171
Balance, September 30, 2024	85,310,598	19,446,714	65,863,884


	Issued	Held In Treasury	Outstanding
Balance, December 31, 2022	85,310,598	18,634,390	66,676,208
Common stock acquired	—	1,069,113	(1,069,113)
Equity based compensation (1)	—	(265,118)	265,118
Balance, September 30, 2023	85,310,598	19,438,385	65,872,213

(1)Represents net shares issued from treasury pursuant to the Company’s equity based compensation programs.

Common Stock Held in Treasury

Common stock held in treasury is accounted for at average cost. Gains resulting from the reissuance of common stock held in treasury are credited to additional paid-in capital. Losses resulting from the reissuance of common stock held in treasury are charged first to additional paid-in capital to the extent the Company has previously recorded gains on treasury share transactions, then to retained earnings.

On January 23, 2024, the Company’s board of directors authorized a share repurchase program for up to $500 million of its outstanding common stock. The authorization was effective immediately and does not have an expiration date. During the nine months ended September 30, 2024, the Company did not repurchase any shares of common stock under this program.

Noncontrolling Interest

In 2022, Papara Financing LLC (“Papara”), a subsidiary of RGA Reinsurance Company, issued nonconvertible preferred interests to an unaffiliated third party. The membership interests in Papara consist of (1) common interests, which are held by RGA Reinsurance Company, and (2) preferred interests. The preferred interests, included in noncontrolling interest, total $90 million.

Accumulated Other Comprehensive Income (Loss)

The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the nine months ended September 30, 2024 and 2023 are as follows (dollars in millions):


	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Foreign Currency Translation Adjustments		Net Unrealized Investment Gains (Losses) (1)		Pension and Postretirement Benefits		Effect of Updating Discount Rates on Future Policy Benefits		Instrument-Specific Credit Risk for Market Risk Benefits		Total
Balance, December 31, 2023	$	69	$	(3,668)	$	(29)	$	3,256	$	3	$	(369)
Other comprehensive income (loss) before reclassifications	50		696		(1)		938		4		1,687
Amounts reclassified from AOCI	—		389		1		—		—		390
Deferred income tax benefit (expense)	(11)		(217)		—		(207)		(1)		(436)
Balance, September 30, 2024	$	108	$	(2,800)	$	(29)	$	3,987	$	6	$	1,272


	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Foreign Currency Translation Adjustments		Net Unrealized Investment Gains (Losses) (1)		Pension and Postretirement Benefits		Effect of Updating Discount Rates on Future Policy Benefits		Instrument-Specific Credit Risk for Market Risk Benefits		Total
Balance, December 31, 2022	$	(116)	$	(5,496)	$	(27)	$	3,755	$	13	$	(1,871)
Other comprehensive income (loss) before reclassifications	116		(1,652)		16		2,050		(8)		522
Amounts reclassified from AOCI	—		140		1		—		—		141
Deferred income tax benefit (expense)	(33)		349		(4)		(439)		2		(125)
Balance, September 30, 2023	$	(33)	$	(6,659)	$	(14)	$	5,366	$	7	$	(1,333)

The following table presents the amounts of AOCI reclassifications for the three and nine months ended September 30, 2024 and 2023 (dollars in millions):


	Amount Reclassified from AOCI
	Three months ended September 30,				Nine months ended September 30,				Affected Line Item in Statements of Income
Details about AOCI Components	2024		2023		2024		2023
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities	$	(68)	$	(36)	$	(356)	$	(132)	Investment related gains (losses), net
Cash flow hedges – Interest rate	3		3		9		7		(1)
Cash flow hedges – Currency/Interest rate	(20)		(8)		(42)		(15)		(1)

Total	(85)		(41)		(389)		(140)
Provision for income taxes	18		13		79		36
Net unrealized gains (losses), net of tax	$	(67)	$	(28)	$	(310)	$	(104)
Amortization of defined benefit plan items:
Prior service cost (credit)	$	—	$	—	$	1	$	1	(2)
Actuarial gains (losses)	(1)		(1)		(2)		(2)		(2)
Total	(1)		(1)		(1)		(1)
Provision for income taxes	—		—		—		—
Amortization of defined benefit plans, net of tax	$	(1)	$	(1)	$	(1)	$	(1)

Total reclassifications for the period	$	(68)	$	(29)	$	(311)	$	(105)

(1)See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

(2)This AOCI component is included in the computation of the net periodic pension cost. See Note 14 – “Employee Benefit Plans” for additional details.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Income Tax (Provision for Income Tax Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 56	$ 91	$ 181	$ 247
Effective Income Tax Rate Reconciliation, Percent	26.70%	24.20%	24.20%	24.90%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Investments (Other Invested Assets) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Other invested assets	$ 1,361	$ 1,171
Equity Release Mortgages [Member]
Other invested assets	1,026	944
Derivatives
Other invested assets	199	97
Other
Other invested assets	64	67
Federal Home Loan Bank Certificates and Obligations (FHLB)
Other invested assets	$ 72	$ 63

Investments (Limited Partnerships and Real Estate Joint Ventures) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	$ 2,972	$ 2,635
Equity Method Investments
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	1,029	925
Limited partnership Fair Value Member
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	920	856
Corporate Joint Venture
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	968	783
Limited Partnership Cost Method
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	$ 55	$ 71

Future Policy Benefits (Long Duration Reinsurance Contracts) (Details) - USD ($)
$ in Millions

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Dec. 31, 2023

Dec. 31, 2022

Liability for Future Policy Benefit, by Product Segment [Line Items]

Future policy benefits

$ 55,933

$ 36,474

$ 41,231

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense

5,406

5,062

Future Policy Benefits Unearned Revenue Liability

890

499

Additional Liability, Long-Duration Insurance, before Reinsurance, after Discount Rate Change

117

126

Life Insurance Product Line [Member] | Americas [Member] | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

(4,225)

(10,563)

76,943

$ 74,207

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

905

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(510)

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

78,701

76,464

76,500

75,180

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

4,980

3,186

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

2,617

2,619

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(4,390)

(4,491)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

(1,000)

(35)

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

(6)

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

74,476

65,901

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(5,364)

(13,185)

89,036

85,285

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

922

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(623)

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

91,173

88,343

88,449

86,280

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

4,980

3,186

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

3,049

3,023

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(4,292)

(4,097)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

(1,008)

(54)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

(5)

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

85,809

75,158

Future policy benefits

11,333

9,257

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

(726)

(658)

Liability for Future Policy Benefit, after Reinsurance

$ 10,607

$ 8,599

Liability for Future Policy Benefit, Weighted-Average Duration

12 years

11 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

4.60%

4.70%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

5.10%

5.90%

Life Insurance Product Line [Member] | CANADA | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

$ (4,388)

$ (5,879)

22,689

21,330

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

(592)

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

183

408

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

22,008

22,011

22,280

21,834

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

385

369

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

560

562

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(737)

(700)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

(480)

(54)

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

17,620

16,132

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(3,651)

(5,520)

26,275

24,655

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

(620)

108

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

177

413

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

25,576

25,453

25,832

25,176

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

385

369

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

721

720

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(799)

(752)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

(563)

(60)

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

21,925

19,933

Future policy benefits

4,305

3,801

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

(272)

(259)

Liability for Future Policy Benefit, after Reinsurance

$ 4,033

$ 3,542

Liability for Future Policy Benefit, Weighted-Average Duration

14 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

3.60%

3.70%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

4.80%

5.40%

Life Insurance Product Line [Member] | EMEA [Member] | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

$ (2,803)

$ (3,145)

15,328

14,244

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

187

199

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

421

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

16,823

14,631

15,936

14,518

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

861

884

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

394

373

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(1,119)

(1,067)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

751

(77)

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

14,020

11,486

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(3,131)

(3,402)

16,756

15,454

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

212

246

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

417

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

18,350

15,960

17,385

15,784

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

861

884

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

425

402

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(1,115)

(1,033)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

794

(77)

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

15,219

12,558

Future policy benefits

1,199

1,072

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

(24)

(33)

Liability for Future Policy Benefit, after Reinsurance

$ 1,175

$ 1,039

Liability for Future Policy Benefit, Weighted-Average Duration

8 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

3.30%

3.50%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

5.50%

6.00%

Life Insurance Product Line [Member] | Asia Pacific [Member] | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

$ (12,360)

$ (13,178)

42,741

40,506

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

975

(180)

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

210

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

45,802

40,958

43,926

40,335

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

2,825

2,839

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

843

794

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(1,653)

(1,493)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

(139)

(1,517)

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

33,442

27,780

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(14,496)

(15,342)

47,370

44,785

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

1,048

(171)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

121

(40)

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

50,714

45,474

48,539

44,574

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

2,825

2,839

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

964

907

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(1,476)

(1,287)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

(138)

(1,559)

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

36,218

30,132

Future policy benefits

2,776

2,352

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

(85)

(115)

Liability for Future Policy Benefit, after Reinsurance

$ 2,691

$ 2,237

Liability for Future Policy Benefit, Weighted-Average Duration

15 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

2.60%

2.70%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

4.60%

4.90%

Insurance, Other | Americas [Member] | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

$ (179)

$ (336)

1,455

1,671

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

(69)

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(3)

(20)

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

1,385

1,480

1,464

1,582

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

2,755

923

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(2,867)

(1,064)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

1,206

1,144

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(215)

(788)

6,843

5,823

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

(91)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(28)

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

9,483

6,388

6,863

5,704

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

2,882

931

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

276

173

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(538)

(405)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

(16)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

9,268

5,600

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

Future policy benefits

8,094

4,456

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

(1,241)

Liability for Future Policy Benefit, after Reinsurance

$ 6,853

$ 4,456

Liability for Future Policy Benefit, Weighted-Average Duration

8 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

3.90%

3.50%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

4.90%

5.90%

Insurance, Other | CANADA | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

$ (204)

$ (482)

3,184

3,394

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

(54)

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(7)

(5)

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

3,916

3,160

3,177

3,335

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

4,983

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(4,284)

(249)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

(56)

(6)

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

3,712

2,678

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(33)

(480)

3,210

3,447

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

(76)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(7)

(13)

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

8,062

3,186

3,203

3,358

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

4,983

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

189

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(310)

(248)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

(3)

(5)

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

8,029

2,706

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

Future policy benefits

4,317

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

Liability for Future Policy Benefit, after Reinsurance

$ 4,317

$ 28

Liability for Future Policy Benefit, Weighted-Average Duration

13 years

7 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

4.10%

3.30%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

4.70%

5.50%

Insurance, Other | EMEA [Member] | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

$ (8,677)

$ (9,571)

54,832

38,782

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

(93)

(561)

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

1,025

387

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

65,559

42,534

55,764

38,608

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

9,881

6,278

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

1,364

678

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(4,046)

(3,045)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

2,596

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

56,882

32,963

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(9,571)

(10,552)

60,938

44,330

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

(90)

(595)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

1,026

374

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

72,527

48,483

61,874

44,109

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

9,881

6,278

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

1,530

807

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(3,676)

(2,748)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

2,918

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

62,956

37,931

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

Future policy benefits

6,074

4,968

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

Liability for Future Policy Benefit, after Reinsurance

$ 6,074

$ 4,968

Liability for Future Policy Benefit, Weighted-Average Duration

10 years

9 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

3.10%

2.30%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

5.00%

5.30%

Insurance, Other | Asia Pacific [Member] | Other Segments

Liability for Future Policy Benefit, by Product Segment [Line Items]

AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax

$ (232)

$ (178)

2,057

1,605

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change

Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(7)

(10)

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change

1,641

1,936

2,051

1,595

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

6,443

2,131

Liability for Future Policy Benefit, Expected Net Premium, Interest Income

^[2]

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

^[3]

(6,823)

(1,573)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change

(52)

(236)

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

1,409

1,758

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

(1,544)

(997)

8,019

6,561

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change

Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience

(8)

(12)

Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

14,375

7,608

$ 8,021

$ 6,549

Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance

^[1]

6,443

2,141

Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

^[2]

129

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

^[5]

(326)

(199)

Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition

^[4]

Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change

108

(948)

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

12,831

6,611

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

Future policy benefits

11,422

4,853

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

Liability for Future Policy Benefit, after Reinsurance

$ 11,422

$ 4,853

Liability for Future Policy Benefit, Weighted-Average Duration

15 years

Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate

1.60%

1.30%

Liability for Future Policy Benefit, Current Weighted-Average Discount Rate

2.80%

2.40%

[1]	Issuances: The present value, using the original discount rate, of the expected net premiums or the expected future policy benefits related to new reinsurance contracts that became effective during the current period and new policies assumed on existing contracts.
[2]	Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.
[3]	Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.
[4]	Derecognition: Includes the effects of treaty recaptures and treaty amendments that resulted in the termination of an existing treaty and the issuance of a new treaty under the internal replacement model.
[5]	Benefit payments: The release of the present value, using the original discount rate, of the expected future policy benefits due to death, lapse/withdrawal, and other benefit payments based on current assumptions.

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative Foreign Currency Translation Gain Loss Recorded In Accumulated Other Comprehensive Income Loss For Terminated Net Investment In Foreign Operations Hedges	$ 207	$ 183
Counterparty Credit Derivative Exposure	16
Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	6
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 28

Commitments, Contingencies and Guarantees

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

COMMITMENTS, CONTINGENCIES AND GUARANTEES

Commitments

Funding of Investments

The Company’s commitments to fund investments as of September 30, 2024 and December 31, 2023, are presented in the following table (dollars in millions):


	September 30, 2024		December 31, 2023
Limited partnerships and real estate joint ventures	$	1,000	$	1,058
Mortgage loans	140		137
Bank loans and private placements	1,290		810
Lifetime mortgages	57		53

The Company anticipates that the majority of its current commitments will be invested over the next five years; however, these commitments could become due any time at the request of the counterparties. Bank loans and private placements are included in fixed maturity securities available-for-sale.

The Company has an immaterial liability, included in other liabilities, for current expected credit losses associated with unfunded commitments as of September 30, 2024 and December 31, 2023.

Funding Agreements

Federal Home Loan Bank of Des Moines

The Company is a member of the FHLB and, through membership, has issued funding agreements to the FHLB in exchange for cash advances. As of September 30, 2024 and December 31, 2023, the Company had $1.4 billion and $1.1 billion of FHLB funding agreements outstanding, respectively. The Company is required to provide collateral in excess of the funding agreement amounts outstanding, considering any discounts to the securities posted and prepayment penalties.

Funding Agreement Backed Notes

The Company’s Funding Agreement Backed Notes (“FABN”) program allows RGA Global Funding, a special-purpose, unaffiliated statutory trust, to offer its senior secured medium-term notes to investors. RGA Global Funding uses the net proceeds from each sale to purchase one or more funding agreements from the Company. As of September 30, 2024 and December 31, 2023, the Company had $2.7 billion and $1.3 billion, respectively, of FABN agreements outstanding and are included within interest-sensitive contract liabilities.

Contingencies

Litigation

The Company is subject to litigation and regulatory investigations or actions from time to time. Based on current knowledge, management does not believe that loss contingencies arising from pending legal, regulatory and governmental matters will have a material adverse effect on the financial condition, results of operations or cash flows of the Company. However, in light of the inherent uncertainties involved in future or pending legal, regulatory and governmental matters, some of which are beyond the Company’s control, and indeterminate or potentially substantial amount of damages sought in any such matters, an adverse outcome could be material to the Company’s financial condition, results of operations or cash flows for any particular reporting period. A legal reserve is established when the Company is notified of an arbitration demand, litigation or regulatory action or is notified that an arbitration demand, litigation or regulatory action is imminent, it is probable that the Company will incur a loss as a result and the amount of the probable loss is reasonably capable of being estimated.

Other Contingencies

The Company indemnifies its directors and officers as provided in its charters and by-laws. Since this indemnity generally is not subject to limitation with respect to duration or amount, the Company does not believe that it is possible to determine the maximum potential amount due under this indemnity in the future.

Guarantees

Statutory Reserve Support

Certain RGA subsidiaries have committed to provide statutory reserve support to third parties, in exchange for a fee, by funding loans if certain defined events occur. Such statutory reserves are required under the U.S. Valuation of Life Policies Model Regulation (commonly referred to as Regulation XXX for term life insurance policies and Regulation A-XXX for universal life secondary guarantees). In addition, certain subsidiaries have also committed to provide capital support to a third party, in exchange for a fee, by agreeing to assume real estate leases in the event of a severe and prolonged decline in the commercial lease market. Upon assumption of a lease, the Company would recognize a right of use asset and lease obligation. As of September 30, 2024, the Company does not believe that it will be required to provide any funding under these commitments as the occurrence of the defined events is considered remote. The following table presents the maximum potential obligation for these commitments as of September 30, 2024 (dollars in millions):


Commitment Period	Maximum Potential Obligation
2034	$	1,243
2035	1,909
2036	3,599
2037	5,100
2038	2,550
2039	8,751
2041	720
2046	3,000
2049	4,750

Reinsurance (Tables)

9 Months Ended

Sep. 30, 2024

Retrocession Arrangements And Reinsurance Ceded Receivables [Abstract]

Schedule Of Assets Held In Support Of Reserves Associated With Coinsurance With Funds Withheld Agreement

The following assets were held in support of the Company’s funds withheld arrangements and are reported in the line items shown in the condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024		December 31, 2023
Fixed maturity securities available-for-sale	$	2,390	$	2,442
Equity securities	2		2
Mortgage loans	452		451
Funds withheld at interest	1,486		1,545
Real estate joint ventures	48		35
Short-term investments and cash and cash equivalents	58		30
Accrued investment income	32		28
Net other assets	—		1
Net assets	$	4,468	$	4,534

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ (229)	$ (351)	$ (229)	$ (351)	$ (413)	$ (218)	$ (228)	$ (205)
Derivative Gain Loss Net Deferred In OCI	(167)	128	44	154
Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(20)	(8)	(42)	(15)
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (3)	$ (3)	$ (9)	$ (7)

Investments (Tables)

9 Months Ended

Sep. 30, 2024

Investments [Abstract]

Debt Securities, Available-for-sale

The following tables provide information relating to investments in fixed maturity securities by type as of September 30, 2024 and December 31, 2023 (dollars in millions):


September 30, 2024:	Amortized Cost		Allowance for Credit Losses		Unrealized Gains		Unrealized Losses		Estimated Fair Value		% of Total
Available-for-sale:
Corporate	$	53,327	$	104	$	1,058	$	3,194	$	51,087	65.4	%
Canadian government	4,517		—		494		41		4,970		6.4
Japanese government	6,103		—		3		836		5,270		6.7
ABS	5,521		15		44		177		5,373		6.9
CMBS	2,327		1		27		115		2,238		2.9
RMBS	1,374		—		20		76		1,318		1.7
U.S. government	1,897		—		18		212		1,703		2.1
State and political subdivisions	895		—		7		81		821		1.1
Other foreign government	5,645		—		84		360		5,369		6.8
Total fixed maturity securities	$	81,606	$	120	$	1,755	$	5,092	$	78,149	100.0	%


December 31, 2023:	Amortized Cost		Allowance for Credit Losses		Unrealized Gains		Unrealized Losses		Estimated Fair Value		% of Total
Available-for-sale:
Corporate	$	42,014	$	62	$	554	$	3,751	$	38,755	64.1	%
Canadian government	3,477		—		473		33		3,917		6.5
Japanese government	3,630		—		3		502		3,131		5.2
ABS	4,661		12		19		239		4,429		7.3
CMBS	1,969		1		7		202		1,773		2.9
RMBS	1,173		—		8		102		1,079		1.8
U.S. government	2,725		—		9		214		2,520		4.2
State and political subdivisions	1,236		—		7		129		1,114		1.8
Other foreign government	4,092		—		45		388		3,749		6.2
Total fixed maturity securities	$	64,977	$	75	$	1,125	$	5,560	$	60,467	100.0	%

Concentration Risk Disclosure [Text Block]

The Company’s exposure to concentrations of credit risk from single issuers, including certain agencies, greater than 10% of the Company’s equity are disclosed below, as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Fixed maturity securities guaranteed or issued by:
Japanese government	$	6,103	$	5,270	$	3,630	$	3,131
U.S. government	1,897		1,703		2,725		2,520
Canadian province of Quebec	1,591		1,843		1,467		1,748
Canadian province of Ontario	1,180		1,291		1,019		1,125

Investments Classified By Contractual Maturity Date


	Amortized Cost		Estimated Fair Value
Available-for-sale:
Due in one year or less	$	1,699	$	1,701
Due after one year through five years	11,881		11,829
Due after five years through ten years	13,649		13,480
Due after ten years	45,155		42,210
Structured securities	9,222		8,929
Total	$	81,606	$	78,149

Fixed Maturity Holdings Industry Types Weighted Average Credit Ratings [Table Text Block]

The tables below show the major sectors of the Company’s corporate fixed maturity holdings as of September 30, 2024 and December 31, 2023 (dollars in millions):


September 30, 2024:	Amortized Cost		Estimated Fair Value		% of Total
Finance	$	17,482	$	16,641	32.6	%
Industrial	27,697		26,682		52.2
Utility	8,148		7,764		15.2

Total	$	53,327	$	51,087	100.0	%

December 31, 2023:	Amortized Cost		Estimated Fair Value		% of Total
Finance	$	15,052	$	13,789	35.6	%
Industrial	21,413		19,935		51.4
Utility	5,549		5,031		13.0
Total	$	42,014	$	38,755	100.0	%

Financing Receivable, Allowance for Credit Loss [Table Text Block]


	Corporate		ABS		CMBS		Total
For the three months ended September 30, 2024:
Balance, beginning of period	$	95	$	15	$	1	$	111
Credit losses recognized on securities for which credit losses were not previously recorded	10		—		—		10

Reductions for securities sold during the period	—		—		—		—

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	(1)		—		—		(1)

Write-offs charged against the allowance	—		—		—		—
Balance, end of period	$	104	$	15	$	1	$	120
For the three months ended September 30, 2023:
Balance, beginning of period	$	62	$	12	$	1	$	75




Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	(1)		—		—		(1)
Write-offs charged against the allowance	(6)		—		—		(6)

Balance, end of period	$	55	$	12	$	1	$	68


	Corporate		ABS		CMBS		Total
For the nine months ended September 30, 2024:
Balance, beginning of period	$	62	$	12	$	1	$	75
Credit losses recognized on securities for which credit losses were not previously recorded	42		—		—		42
Reductions for securities sold during the period	(9)		—		—		(9)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	8		3		—		11
Write-offs charged against the allowance	1		—		—		1
Balance, end of period	$	104	$	15	$	1	$	120
For the nine months ended September 30, 2023:
Balance, beginning of period	$	27	$	10	$	—	$	37
Credit losses recognized on securities for which credit losses were not previously recorded	44		—		1		45
Reductions for securities sold during the period	(10)		—		—		(10)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	—		2		—		2
Write-offs charged against the allowance	(6)		—		—		(6)
Balance, end of period	$	55	$	12	$	1	$	68

Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value


	Less than 12 months				12 months or greater				Total
September 30, 2024:	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
Investment grade securities:
Corporate	$	3,871	$	71	$	21,471	$	3,036	$	25,342	$	3,107
Canadian government	159		6		432		35		591		41
Japanese government	2,408		159		2,489		677		4,897		836
ABS	1,054		22		2,039		148		3,093		170
CMBS	188		12		1,156		96		1,344		108
RMBS	—		—		636		76		636		76
U.S. government	264		2		711		210		975		212
State and political subdivisions	—		—		532		81		532		81
Other foreign government	770		10		2,009		302		2,779		312
Total investment grade securities	8,714		282		31,475		4,661		40,189		4,943
Below investment grade securities:
Corporate	392		14		413		62		805		76

ABS	13		2		44		5		57		7
CMBS	—		—		—		—		—		—
Other foreign government	—		—		190		48		190		48
Total below investment grade securities	405		16		647		115		1,052		131
Total fixed maturity securities	$	9,119	$	298	$	32,122	$	4,776	$	41,241	$	5,074


	Less than 12 months				12 months or greater				Total
December 31, 2023:	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
Investment grade securities:
Corporate	$	2,134	$	70	$	24,207	$	3,524	$	26,341	$	3,594
Canadian government	—		—		459		33		459		33
Japanese government	876		50		2,193		452		3,069		502
ABS	336		5		3,025		223		3,361		228
CMBS	160		5		1,328		190		1,488		195
RMBS	115		3		681		99		796		102
U.S. government	614		10		717		204		1,331		214
State and political subdivisions	73		1		864		128		937		129
Other foreign government	254		3		2,290		333		2,544		336
Total investment grade securities	4,562		147		35,764		5,186		40,326		5,333
Below investment grade securities:
Corporate	295		36		649		121		944		157


ABS	—		—		68		10		68		10
CMBS	—		—		4		1		4		1


Other foreign government	—		—		193		52		193		52
Total below investment grade securities	295		36		914		184		1,209		220
Total fixed maturity securities	$	4,857	$	183	$	36,678	$	5,370	$	41,535	$	5,553

Investment Income

Major categories of net investment income consist of the following (dollars in millions):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale	$	933	$	707	$	2,574	$	2,035
Equity securities	2		2		5		5
Mortgage loans	103		84		290		238
Policy loans	14		13		42		39
Funds withheld at interest	88		88		253		240
Limited partnerships and real estate joint ventures	46		41		74		114
Short-term investments and cash and cash equivalents	48		28		126		71

Other invested assets	(6)		2		(5)		14
Investment income	1,228		965		3,359		2,756
Investment expense	(40)		(43)		(128)		(121)
Net investment income	$	1,188	$	922	$	3,231	$	2,635

Gain Loss On Investments

Investment related gains (losses), net consist of the following (dollars in millions):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale:
Change in allowance for credit losses	$	(9)	$	7	$	(45)	$	(31)
Impairments on fixed maturity securities	—		—		(1)		(1)
Realized gains on investment activity	72		12		172		54
Realized losses on investment activity	(113)		(61)		(477)		(173)
Net gains (losses) on equity securities	6		(2)		5		(4)
Change in mortgage loan allowance for credit losses	(12)		(17)		(20)		(23)
Limited partnerships and real estate joint venture impairment losses	—		—		(8)		—
Change in fair value of certain limited partnership investments	17		25		18		32
Net gains (losses) on freestanding derivatives	87		(98)		(131)		(222)
Net gains (losses) on embedded derivatives	(112)		1		(9)		18
Other, net	(14)		7		(2)		24
Total investment related gains (losses), net	$	(78)	$	(126)	$	(498)	$	(326)

Invested Assets On Deposit


	September 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Invested assets on deposit (regulatory deposits)	$	12	$	10	$	12	$	9
Invested assets pledged as collateral	891		814		572		517
Invested assets received as collateral	n/a		2,419		n/a		1,827
Assets in trust held to satisfy collateral requirements	47,251		45,545		32,758		30,359
FHLB common stock restricted as to sale	72		72		63		63

Schedule of Repurchase Agreements [Table Text Block]


	September 30, 2024						December 31, 2023
	Securities Loaned, Pledged, or Sold (1)		Securities Borrowed or Collateral Received from Counterparties (2)		Cash Collateral Received from Counterparties (3)		Securities Loaned, Pledged, or Sold (1)		Securities Borrowed or Collateral Received from Counterparties (2)		Cash Collateral Received from Counterparties (3)
Securities lending transactions	$	782	$	1,042	$	—	$	732	$	1,013	$	—
Repurchase/reverse repurchase transactions	1,923		930		1,044		1,333		517		820

(3)A payable for the cash received by the Company is included within other liabilities.

Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]


	September 30, 2024										December 31, 2023
	Remaining Contractual Maturity of the Agreements										Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30 – 90 Days		Greater than 90 Days		Total		Overnight and Continuous		Up to 30 Days		30 – 90 Days		Greater than 90 Days		Total
Securities lending transactions:
Corporate	$	—	$	77	$	142	$	199	$	418	$	—	$	—	$	94	$	41	$	135

Japanese government	—		—		—		251		251		—		88		—		480		568
ABS	—		—		12		3		15		—		—		—		—		—
CMBS	—		—		48		—		48		—		—		—		—		—
RMBS	—		—		14		—		14		—		—		—		—		—
U.S. government	—		—		—		9		9		—		—		—		—		—
State and political subdivisions	—		—		—		6		6		—		—		—		11		11
Other foreign government	—		—		11		10		21		—		—		13		5		18
Total	—		77		227		478		782		—		88		107		537		732
Repurchase/reverse repurchase transactions:
Corporate	—		—		—		554		554		—		—		—		553		553

Japanese government	—		—		—		393		393		—		—		—		158		158
ABS	—		—		—		299		299		—		—		—		229		229
CMBS	—		—		—		254		254		—		—		—		221		221
RMBS	—		—		—		52		52		—		—		—		52		52
U.S. government	—		—		—		268		268		—		—		—		14		14

Other foreign government	—		—		—		103		103		—		—		—		106		106
Total	—		—		—		1,923		1,923		—		—		—		1,333		1,333
Total transactions	$	—	$	77	$	227	$	2,401	$	2,705	$	—	$	88	$	107	$	1,870	$	2,065

Disclosure Of Real Estate Holdings By Property Type [Table Text Block]

The following table presents the distribution of the Company’s recorded investment in mortgage loans by property type as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024				December 31, 2023
Property type:	Carrying Value		% of Total		Carrying Value		% of Total
Office	$	1,709	20.1	%	$	1,700	22.8	%
Retail	2,748		32.4		2,437		32.7
Industrial	2,503		29.4		1,947		26.1
Apartment	1,076		12.7		913		12.2
Hotel	417		4.9		413		5.5
Other commercial	40		0.5		49		0.7
Recorded investment	8,493		100.0	%	7,459		100.0	%
Unamortized balance of loan origination fees and expenses	(18)				(15)
Allowance for credit losses	(87)				(67)
Total mortgage loans	$	8,388			$	7,377

Mortgage Loans Classified By Contractual Maturity Date [Table Text Block]

The following table presents the maturities of the Company’s recorded investment in mortgage loans as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024				December 31, 2023
	Recorded Investment		% of Total		Recorded Investment		% of Total
Due within five years	$	3,944	46.4	%	$	3,228	43.3	%
Due after five years through ten years	3,643		42.9		3,334		44.7
Due after ten years	906		10.7		897		12.0
Total	$	8,493	100.0	%	$	7,459	100.0	%

Mortgage Loan Internal Credit Risk Grade [Table Text Block]

The following tables set forth certain key credit quality indicators of the Company’s recorded investment in mortgage loans as of September 30, 2024 and December 31, 2023 (dollars in millions):


	Recorded Investment
	Debt Service Ratios						Construction loans
	>1.20x		1.00x – 1.20x		<1.00x				Total		% of Total
September 30, 2024:
Loan-to-Value Ratio
0% – 59.99%	$	4,327	$	202	$	83	$	13	$	4,625	54.5	%
60% – 69.99%	2,148		237		63		45		2,493		29.4
70% – 79.99%	737		102		36		—		875		10.2
80% or greater	339		55		106		—		500		5.9
Total	$	7,551	$	596	$	288	$	58	$	8,493	100.0	%


	Recorded Investment
	Debt Service Ratios						Construction loans
	>1.20x		1.00x – 1.20x		<1.00x				Total		% of Total
December 31, 2023:
Loan-to-Value Ratio
0% – 59.99%	$	3,672	$	272	$	27	$	46	$	4,017	53.9	%
60% – 69.99%	1,947		154		44		—		2,145		28.8
70% – 79.99%	843		52		34		—		929		12.4
80% or greater	198		70		100		—		368		4.9
Total	$	6,660	$	548	$	205	$	46	$	7,459	100.0	%


	Recorded Investment
	Year of Origination
	2024		2023		2022		2021		2020		Prior		Total
September 30, 2024:
Internal credit quality grade:
High investment grade	$	352	$	473	$	641	$	613	$	268	$	2,054	$	4,401
Investment grade	730		752		728		442		239		803		3,694
Average	—		12		—		—		18		233		263
Watch list	—		—		—		—		—		112		112
In or near default	—		—		—		—		—		23		23
Total	$	1,082	$	1,237	$	1,369	$	1,055	$	525	$	3,225	$	8,493


	Recorded Investment
	Year of Origination
	2023		2022		2021		2020		2019		Prior		Total
December 31, 2023:
Internal credit quality grade:
High investment grade	$	475	$	635	$	573	$	304	$	491	$	1,734	$	4,212
Investment grade	754		668		384		245		313		564		2,928
Average	12		—		—		18		63		203		296
Watch list	—		—		—		—		—		16		16
In or near default	—		—		—		—		—		7		7
Total	$	1,241	$	1,303	$	957	$	567	$	867	$	2,524	$	7,459

Financing Receivable, Past Due [Table Text Block]

The following table presents the current and past due composition of the Company’s recorded investment in mortgage loans as of September 30, 2024 and December 31, 2023 (dollars in millions):


	September 30, 2024		December 31, 2023
Current	$	8,441	$	7,431
31 – 60 days past due	23		28
61 – 90 days past due	6		—
Greater than 90 days past due	23		—
Total	$	8,493	$	7,459

Allowance For Mortgage Loan And Lease Losses Provision For Loss Net


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Balance, beginning of period	$	75	$	57	$	67	$	51
Change in allowance for credit losses	12		17		20		23

Balance, end of period	$	87	$	74	$	87	$	74

Limited Partnership And Joint Ventures Table Text Block

Limited Partnerships and Real Estate Joint Ventures

The carrying values of limited partnerships and real estate joint ventures as of September 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	September 30, 2024		December 31, 2023
Limited partnerships – equity method	$	1,029	$	925
Limited partnerships – fair value	920		856
Limited partnerships – cost method	55		71
Real estate joint ventures	968		783
Total limited partnerships and real estate joint ventures	$	2,972	$	2,635

Schedule Of Other Invested Assets [Table Text Block]

The carrying values of other invested assets as of September 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	September 30, 2024		December 31, 2023

Lifetime mortgages	$	1,026	$	944
Derivatives	199		97
FHLB common stock	72		63
Other	64		67
Total other invested assets	$	1,361	$	1,171

Condensed Consolidated Statements of Stockholders Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock, Common
Stockholders' Equity Attributable to Parent	$ 7,081	$ 1	$ 2,502	$ 8,169	$ (1,871)	$ (1,720)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	7,171
Stockholders' Equity Attributable to Noncontrolling Interest	90
Net income	744
Other Comprehensive Income (Loss), Net of Tax	538
Dividends, Common Stock, Cash	(163)			(163)
Treasury Stock, Value, Acquired, Cost Method	(169)					169
Stock Issued During Period, Value, Treasury Stock Reissued	(32)		(32)	(37)		(37)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(5)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	749
Net Income (Loss) Attributable to Noncontrolling Interest	5
Stockholders' Equity Attributable to Parent	7,805	1	2,522	8,483	(1,398)	(1,803)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	7,895
Stockholders' Equity Attributable to Noncontrolling Interest	90
Net income	287
Other Comprehensive Income (Loss), Net of Tax	65				65
Dividends, Common Stock, Cash	(56)			(56)
Treasury Stock, Value, Acquired, Cost Method	(50)					50
Stock Issued During Period, Value, Treasury Stock Reissued	(12)		(12)	(1)		(1)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(2)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	289
Net Income (Loss) Attributable to Noncontrolling Interest	2
Stockholders' Equity Attributable to Parent	8,063	1	2,534	8,713	(1,333)	(1,852)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	8,153
Stockholders' Equity Attributable to Noncontrolling Interest	90
Stockholders' Equity Attributable to Parent	9,081	1	2,544	8,805	(369)	(1,900)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	9,171
Stockholders' Equity Attributable to Noncontrolling Interest	90
Net income	569
Other Comprehensive Income (Loss), Net of Tax	1,641				1,641
Dividends, Common Stock, Cash	(171)			(171)
Treasury Stock, Value, Acquired, Cost Method	(26)					26
Stock Issued During Period, Value, Treasury Stock Reissued	(33)		(33)	(37)		(37)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(5)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	574
Net Income (Loss) Attributable to Noncontrolling Interest	5
Stockholders' Equity Attributable to Parent	9,735	1	2,567	9,076	(20)	(1,889)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	9,825
Stockholders' Equity Attributable to Noncontrolling Interest	90
Net income	156
Other Comprehensive Income (Loss), Net of Tax	1,292				1,292
Dividends, Common Stock, Cash	(59)			(59)
Treasury Stock, Value, Acquired, Cost Method	(7)					7
Stock Issued During Period, Value, Treasury Stock Reissued	(10)		(10)	(7)		(7)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(2)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	158
Net Income (Loss) Attributable to Noncontrolling Interest	2
Stockholders' Equity Attributable to Parent	11,127	$ 1	$ 2,577	$ 9,166	$ 1,272	$ (1,889)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	11,217
Stockholders' Equity Attributable to Noncontrolling Interest	$ 90

Investments (Investment Income Net of Related Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	$ 1,228	$ 965	$ 3,359	$ 2,756
Investment expense	(40)	(43)	(128)	(121)
Investment income, net of related expenses	1,188	922	3,231	2,635
Available-for-sale Securities [Member]
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	933	707	2,574	2,035
Equity securities
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	2	2	5	5
Mortgage Loans on Real Estate [Member]
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	103	84	290	238
Policy loans
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	14	13	42	39
Funds withheld at interest
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	88	88	253	240
Short-term Investments [Member]
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	48	28	126	71
Partnership Interest
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	46	41	74	114
Other invested assets
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	$ (6)	$ 2	$ (5)	$ 14

Deferred Policy Acquisition Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	$ 5,477	$ 4,289	$ 5,477	$ 4,289	$ 4,617
Deferred Policy Acquisition Costs, Amortization Expense	(452)	(348)	(1,230)	(1,028)
Corporate and Other [Member]
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	14	4	14	4
Life Insurance Product Line [Member] \| Americas [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	2,967	2,160	2,967	2,160	2,191	$ 2,087
Deferred Policy Acquisition Cost, Capitalization			899	183
Deferred Policy Acquisition Costs, Amortization Expense			(121)	(111)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			(2)	1
Life Insurance Product Line [Member] \| CANADA \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	167	169	167	169	173	171
Deferred Policy Acquisition Cost, Capitalization			6	7
Deferred Policy Acquisition Costs, Amortization Expense			(8)	(9)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			(4)	0
Life Insurance Product Line [Member] \| EMEA [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	379	331	379	331	347	294
Deferred Policy Acquisition Cost, Capitalization			56	75
Deferred Policy Acquisition Costs, Amortization Expense			(36)	(28)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			12	(10)
Life Insurance Product Line [Member] \| Asia Pacific [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	1,170	1,069	1,170	1,069	1,098	1,043
Deferred Policy Acquisition Cost, Capitalization			117	94
Deferred Policy Acquisition Costs, Amortization Expense			(44)	(44)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			(1)	(24)
Insurance, Other \| Americas [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	495	309	495	309	552	341
Deferred Policy Acquisition Cost, Capitalization			1	0
Deferred Policy Acquisition Costs, Amortization Expense			(44)	(32)
Deferred Policy Acquisition Cost, Amortization Expense, Other			14
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			0	0
Insurance, Other \| CANADA \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	0	0	0	0	0	0
Deferred Policy Acquisition Cost, Capitalization			0	0
Deferred Policy Acquisition Costs, Amortization Expense			0	0
Deferred Policy Acquisition Cost, Amortization Expense, Other			0
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			0	0
Insurance, Other \| EMEA [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	0	0	0	0	0	0
Deferred Policy Acquisition Cost, Capitalization			0	0
Deferred Policy Acquisition Costs, Amortization Expense			0	0
Deferred Policy Acquisition Cost, Amortization Expense, Other			0
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			0	0
Insurance, Other \| Asia Pacific [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	$ 285	$ 247	285	247	$ 250	$ 188
Deferred Policy Acquisition Cost, Capitalization			67	89
Deferred Policy Acquisition Costs, Amortization Expense			(33)	(24)
Deferred Policy Acquisition Cost, Amortization Expense, Other			0
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			$ 1	$ (6)

Derivative Instruments (Derivative Instruments Offsetting Balance Sheet) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Derivative Assets [Abstract]

Gross Amounts Offset in the Balance Sheet

$ (71)

$ (57)

Derivative Liabilities [Abstract]

Gross Amounts Offset in the Balance Sheet

(71)

(57)

Net Amounts Presented in the Balance Sheet

206

Derivative Asset, Fair Value, Gross Asset

270

154

Derivative Asset, Subject to Master Netting Arrangement, before Offset of Collateral

199

Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Security Not Offset

^[1]

(199)

(97)

Derivative Asset, Subject to Master Netting Arrangement, after Offset and Deduction

Derivative Liability, Fair Value, Gross Liability

287

254

Derivative Liability, Subject to Master Netting Arrangement, before Offset of Collateral

216

197

Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Security Not Offset

^[1]

(216)

(197)

Derivative Liability, Subject to Master Netting Arrangement, after Offset and Deduction

$ 0

[1]	Includes initial margin posted to a central clearing partner for financial instruments and excludes the excess of collateral received/pledged from/to the counterparty.

Investments (Borrowed Securities Repurchased Securities And Repurchased Reversed Repurchased Securities) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Securities Financing Transaction, Fair Value

Securities Financing Transaction [Line Items]

Securities Loaned

^[1]

$ 782

$ 732

Securities Borrowed

^[2]

1,042

1,013

Cash Collateral for Borrowed Securities

^[3]

Securities Sold under Agreements to Repurchase

Securities Financing Transaction [Line Items]

Securities Loaned

^[1]

1,923

1,333

Securities Borrowed

^[2]

930

517

Cash Collateral for Borrowed Securities

^[3]

$ 1,044

$ 820

[1]	Securities loaned or pledged through securities lending transactions or sold to counterparties through repurchase transactions are included within fixed maturity securities. Collateral associated with certain securities lending transactions is not included within this table as the collateral pledged to the counterparty is the right to reinsurance treaty cash flows. Certain securities lending transactions do not require collateral.
[2]	Securities borrowed or received as collateral through securities lending transactions or purchased from counterparties through reverse repurchase transactions are not reflected on the condensed consolidated balance sheets.
[3]	A payable for the cash received by the Company is included within other liabilities.

Investments (Amortized Cost and Fair Value of Fixed Maturity Holdings by Industry Type) (Details) - USD ($)
$ in Millions

Sep. 30, 2024

Dec. 31, 2023

Corporate Securities by Investment Sector And Credit Rating [Line Items]

Amortized Cost

$ 81,606

$ 64,977

Fixed maturity securities, available-for-sale

78,149

^[1]

60,467

^[2]

Corporate Debt Securities [Member]

Corporate Securities by Investment Sector And Credit Rating [Line Items]

Amortized Cost

53,327

42,014

Fixed maturity securities, available-for-sale

$ 51,087

^[1]

$ 38,755

^[2]

Percentage Of Total Corporate Fixed Maturity Security

100.00%

Corporate Debt Securities [Member] | Finance

Corporate Securities by Investment Sector And Credit Rating [Line Items]

Amortized Cost

$ 17,482

$ 15,052

Fixed maturity securities, available-for-sale

$ 16,641

$ 13,789

Percentage Of Total Corporate Fixed Maturity Security

32.60%

35.60%

Corporate Debt Securities [Member] | Industrial

Corporate Securities by Investment Sector And Credit Rating [Line Items]

Amortized Cost

$ 27,697

$ 21,413

Fixed maturity securities, available-for-sale

$ 26,682

$ 19,935

Percentage Of Total Corporate Fixed Maturity Security

52.20%

51.40%

Corporate Debt Securities [Member] | Utility

Corporate Securities by Investment Sector And Credit Rating [Line Items]

Amortized Cost

$ 8,148

$ 5,549

Fixed maturity securities, available-for-sale

$ 7,764

$ 5,031

Percentage Of Total Corporate Fixed Maturity Security

15.20%

13.00%

[1]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2024, the fair value of such investments was $921 million.
[2]	Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

+ Details

Derivative Instruments (Fair Value Hedge Attributable to Foreign Currency) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign Exchange Contract \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	$ 0	$ 0	$ 0	$ 0
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	0	0	0	0
Foreign Exchange Contract \| Insurance Claims [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	0	0	0	0
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	0	0	0	0
Foreign Exchange Contract \| Investment Income (Expense)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	0	(4)	2	(7)
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	0	3	(4)	5
Interest Rate Contract \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	42	(2)	37	(2)
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	(45)	2	(43)	2
Interest Rate Contract \| Insurance Claims [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	0	0	0	0
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	0	0	0	0
Interest Rate Contract \| Investment Income (Expense)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	0	0	0	0
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	0	$ 0	0	$ 0
Financial Futures \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	0		0
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	0		0
Financial Futures \| Insurance Claims [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	31		27
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	(34)		(32)
Financial Futures \| Investment Income (Expense)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	0		0
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	$ 0		$ 0

Investments (Narrative) (Details) $ in Millions	3 Months Ended	9 Months Ended
Investments (Narrative) (Details) $ in Millions	Sep. 30, 2024 USD ($) securities	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) securities
Investment Narrative [Line Items]
Securities As Percentage Of Consolidated Stockholder Equity	10.00%
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	100.00%		100.00%
Funds withheld at interest	$ 5,545		$ 5,683
Funds Held Under Reinsurance Agreements Asset Specific Client	$ 3,100
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions \| securities	5,308,000		5,788
Financing Receivable, before Allowance for Credit Loss	$ 8,493		$ 7,459
Real Estate Owned, Transfer to Real Estate Owned	23	$ 36
Accounts Receivable, Noncurrent, Nonaccrual	23	41
Real Estate Held For Sale Transferred To Held For Use	21
Impaired Financing Receivable Recorded Investment Before Allowance	$ 90	$ 68
CALIFORNIA
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	12.40%
TEXAS
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	9.70%
CANADA
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	7.60%
UNITED KINGDOM
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	2.60%
WASHINGTON
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	6.30%

Investments (Loan Valuation Allowance for Mortgage Loans) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Allowance For Loan And Lease Losses Roll Forward
Balance, Beginning of Period	$ 75	$ 57	$ 67	$ 51
Provision (release)	12	17	20	23
Balance, End of Period	$ 87	$ 74	$ 87	$ 74

Segment Information (Income Loss Before Provision for Income Tax of Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 214	$ 380	$ 755	$ 996
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(18)	(11)	(283)	(157)
Other Segments \| Americas [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	11	213	401	578
Other Segments \| CANADA
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	50	36	137	116
Other Segments \| EMEA [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	67	24	232	166
Other Segments \| Asia Pacific [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	104	118	268	293
Life Insurance Product Line [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	57	105	347	288
Life Insurance Product Line [Member] \| Other Segments \| CANADA
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	29	6	103	70
Life Insurance Product Line [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(17)	(60)	12	(29)
Life Insurance Product Line [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	11	134	220	302
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(46)	108	54	290
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| CANADA
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	21	30	34	46
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	84	84	220	195
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 93	$ (16)	$ 48	$ (9)

Employee Benefit Plans

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans

EMPLOYEE BENEFIT PLANS


	Pension Benefits				Other Benefits
	Three months ended September 30,				Three months ended September 30,
	2024		2023		2024		2023
Service cost	$	3	$	3	$	—	$	—
Interest cost	3		3		1		1
Expected return on plan assets	(3)		(3)		—		—
Amortization of prior service cost (credit)	—		—		—		—
Amortization of prior actuarial losses	1		1		—		—
Settlements	1		—		—		—
Net periodic benefit cost	$	5	$	4	$	1	$	1


	Pension Benefits				Other Benefits
	Nine months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Service cost	$	10	$	10	$	1	$	1
Interest cost	8		8		2		2
Expected return on plan assets	(9)		(8)		—		—
Amortization of prior service cost (credit)	—		—		(1)		(1)
Amortization of prior actuarial losses	2		2		—		—
Settlements	1		—		—		—
Net periodic benefit cost	$	12	$	12	$	2	$	2

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

Investments (Investment Related Gains (Losses) Net) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments [Abstract]
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	$ (9)	$ 7	$ (45)	$ (31)
Gain on investment activity	72	12	172	54
Available-for-sale Securities, Realized Losses, Excluding Other than Temporary Impairments	(113)	(61)	(477)	(173)
Gain (Loss) on Sale of Equity Investments	6	(2)	5	(4)
Other impairment losses and change in mortgage loan provision	(12)	(17)	(20)	(23)
Derivatives and other, net	(14)	7	(2)	24
Total investment related gains (losses), net	(78)	(126)	(498)	(326)
Change In Fair Value Of Certain Limited Partnership Investments And Other, Net	17	25	18	32
Impairment Losses On Debt Securities Available for Sale	0	0	(1)	(1)
Gain (Loss) on Sale of Derivatives	87	(98)	(131)	(222)
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net	(112)	1	(9)	18
Gains (Losses) on Sales of Other Real Estate	$ 0	$ 0	$ (8)	$ 0

Investments (Mortgage Loans by Property Type) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 8,493		$ 7,459
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums	(18)		(15)
Allowance for Loan and Lease Losses, Real Estate	(87)	$ (75)	(67)	$ (74)	$ (57)	$ (51)
Mortgage loans on real estate (net of valuation allowances)	$ 8,388		$ 7,377
Percentage of total	100.00%		100.00%
Office building
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 1,709		$ 1,700
Percentage of total	20.10%		22.80%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 2,748		$ 2,437
Percentage of total	32.40%		32.70%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 2,503		$ 1,947
Percentage of total	29.40%		26.10%
Apartment
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 1,076		$ 913
Percentage of total	12.70%		12.20%
Other commercial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 40		$ 49
Percentage of total	0.50%		0.70%
Hotel
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 417		$ 413
Percentage of total	4.90%		5.50%

Deferred Policy Acquisition Costs

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Deferred Policy Acquisition Costs

DEFERRED POLICY ACQUISITION COSTS


For the nine months ended September 30, 2024:	U.S. and Latin America – Traditional		Canada – Traditional		Europe, Middle East and Africa – Traditional		Asia Pacific – Traditional
Balance, beginning of year	$	2,191	$	173	$	347	$	1,098
Capitalization	899		6		56		117
Amortization expense	(121)		(8)		(36)		(44)
Foreign currency translation	(2)		(4)		12		(1)
Balance, end of period	$	2,967	$	167	$	379	$	1,170


For the nine months ended September 30, 2023:	U.S. and Latin America – Traditional		Canada – Traditional		Europe, Middle East and Africa – Traditional		Asia Pacific – Traditional
Balance, beginning of year	$	2,087	$	171	$	294	$	1,043
Capitalization	183		7		75		94
Amortization expense	(111)		(9)		(28)		(44)
Foreign currency translation	1		—		(10)		(24)
Balance, end of period	$	2,160	$	169	$	331	$	1,069


For the nine months ended September 30, 2024:	U.S. and Latin America – Financial Solutions		Canada – Financial Solutions		Europe, Middle East and Africa – Financial Solutions		Asia Pacific – Financial Solutions
Balance, beginning of year	$	552	$	—	$	—	$	250
Capitalization	1		—		—		67
Amortization expense	(44)		—		—		(33)
Other	(14)		—		—		—
Foreign currency translation	—		—		—		1
Balance, end of period	$	495	$	—	$	—	$	285


For the nine months ended September 30, 2023:	U.S. and Latin America – Financial Solutions		Canada – Financial Solutions		Europe, Middle East and Africa – Financial Solutions		Asia Pacific – Financial Solutions
Balance, beginning of year	$	341	$	—	$	—	$	188
Capitalization	—		—		—		89
Amortization expense	(32)		—		—		(24)
Foreign currency translation	—		—		—		(6)
Balance, end of period	$	309	$	—	$	—	$	247

The reconciliation of deferred policy acquisition costs to the condensed consolidated balance sheets as of September 30, 2024 and 2023 is as follows (dollars in millions):


	September 30,
	2024		2023
Deferred policy acquisition costs included in the rollforwards:
Traditional:
U.S. and Latin America	$	2,967	$	2,160
Canada	167		169
Europe, Middle East and Africa	379		331
Asia Pacific	1,170		1,069
Financial Solutions:
U.S. and Latin America	495		309
Canada	—		—
Europe, Middle East and Africa	—		—
Asia Pacific	285		247
Other long-duration business:
Corporate and Other	14		4
Total deferred policy acquisition costs	$	5,477	$	4,289

New Accounting Standards

9 Months Ended

Sep. 30, 2024

Accounting Changes and Error Corrections [Abstract]

Net Accounting Standards Not Yet Adopted

NEW ACCOUNTING STANDARDS

Changes to the general accounting principles are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates to the FASB Accounting Standards Codification™. Accounting standards updates not listed below were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s condensed consolidated financial statements.


Description	Anticipated Date of Adoption	Effect on the Consolidated Financial Statements
Segment Reporting This standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment and contain other disclosure requirements. Early adoption is permitted.	December 31, 2024	The adoption of the new standard will be applied retrospectively to all periods presented in the year of adoption. The adoption of the new standard will expand the Company’s disclosures but will not have an impact on its results of operations or financial position.
Income Taxes This standard improves income tax disclosure requirements, which requires disaggregated information about a reporting entity’s effective tax rate reconciliation, information on income taxes paid and other disclosure requirements. Early adoption is permitted.	December 31, 2025	The adoption of the new standard will be applied prospectively. Retrospective application is permitted. The adoption of the new standard will expand the Company’s disclosures but will not have an impact on its results of operations or financial position.

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Available for Sale at Fair value - Amortized cost	$ 81,606	$ 64,977
Preferred stock par value (per share)	$ 10,000.00
Common stock par value (per share)	$ 10,000.00	$ 10,000.00
Common stock shares authorized	140,000,000	140,000,000
Common Stock, Shares, Issued	85,310,598	85,310,598
Allowance for Loan and Lease Losses, Real Estate	$ 87	$ 67
Financing Receivable, Allowance for Credit Loss	$ 120	75
Preferred stock shares authorized	10,000,000
Real Estate Investments, Joint Ventures	$ 2,972	2,635
Market Risk Benefit, Net Amount at Risk	$ 247	$ 258
Treasury Stock, Common, Shares	19,446,714	19,689,885
Funds Held under Reinsurance Agreements, Liability	$ 4,809	$ 4,483
Preferred stock shares authorized	10,000,000

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities	$ 7,770	$ 2,818
Cash flows from investing activities
Sales of fixed maturity securities available-for-sale	21,499	5,832
Purchases of fixed maturity securities available-for-sale	(30,256)	(8,751)
Maturities of fixed maturity securities available-for-sale	1,030	753
Sales of equity securities	7	1
Purchases of equity securities	(18)	(4)
Principal payments on mortgage loans	386	265
Cash invested in mortgage loans	(1,118)	(962)
Deposits in (withdrawals from) funds withheld at interest	257	283
Sales of limited partnerships and real estate joint ventures	181	328
Purchases of limited partnerships and real estate joint ventures	(435)	(413)
Sales of short-term investments	596	268
Purchases of short-term investments	(691)	(363)
Maturities of short-term investments	191	119
Change in other invested assets	(37)	21
Other, net	25	31
Net cash used in investing activities	(8,383)	(2,592)
Cash flows from financing activities
Dividends to shareholders	(171)	(163)
Proceeds from long-term debt issuance, net	640	890
Principal payments of long-term debt	3	402
Purchase of treasury stock	(26)	(169)
Change in cash collateral for derivatives and other arrangements	375	300
Change in deposit asset on reinsurance	221	41
Deposits on investment-type policies and contracts	5,720	1,884
Withdrawals on investment-type policies and contracts	(3,892)	(2,652)
Net cash provided by (used in) financing activities	2,864	(271)
Effect of exchange rate changes on cash	(26)	(62)
Cash and Cash Equivalents, Period Increase (Decrease)	2,225	(107)
Cash and cash equivalents, beginning of period		2,927
Cash and cash equivalents	5,195
Cash and cash equivalents, end of period	5,195	2,820
Supplemental disclosures of cash flow information
Interest Paid, Excluding Capitalized Interest, Operating Activities	159	146
Income Taxes Paid, Net	50	240
Transfer to Investments	9,052	1,459
Other Significant Noncash Transaction, Value of Consideration Received	$ 418	$ 0

Unpaid Claims and Claims Expense Short Duration Contracts

3 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Short-Duration Insurance and Deposit Contracts [Text Block]

UNPAID CLAIMS AND CLAIM EXPENSE – SHORT-DURATION CONTRACTS

Rollforward of Claims and Claim Adjustment Expenses


	Nine months ended September 30,
	2024		2023
Balance, beginning of year	$	2,730	$	2,480
Less: reinsurance recoverable	(80)		(57)
Net balance, beginning of year	2,650		2,423
Incurred:
Current year	1,161		1,268
Prior years	(83)		(89)
Total incurred	1,078		1,179
Payments:
Current year	(240)		(278)
Prior years	(700)		(721)
Total payments	(940)		(999)
Other changes:
Interest accretion	29		25
Foreign exchange adjustments	(4)		(45)
Total other changes	25		(20)

Net balance, end of period	2,813		2,583
Plus: reinsurance recoverable	62		71
Balance, end of period	$	2,875	$	2,654

Incurred claims associated with prior periods are primarily due to the development of claims for prior years being different than were anticipated when the liabilities for unpaid claims were originally estimated. These trends have been considered in establishing the current year liability for unpaid claims.

Business and Basis of Presentation	9 Months Ended
Business and Basis of Presentation	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Business Reinsurance Group of America, Incorporated (“RGA”) is an insurance holding company that was formed on December 31, 1992. RGA and its subsidiaries (collectively, the “Company”) is engaged in providing traditional reinsurance, which includes individual and group life and health, disability and critical illness reinsurance. The Company also provides financial solutions, which includes longevity reinsurance, asset-intensive products (primarily annuities), financial reinsurance, capital solutions and stable value products. Basis of Presentation The unaudited condensed consolidated financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Accordingly, these condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s 2023 Annual Report on Form 10-K filed with the SEC on February 26, 2024 (the “2023 Annual Report”). In the opinion of management, all adjustments, including normal recurring adjustments necessary for a fair presentation have been included. Interim results are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. Consolidation These unaudited condensed consolidated financial statements include the accounts of RGA and its subsidiaries and all intercompany accounts and transactions have been eliminated. Entities in which the Company has significant influence over the operating and financing decisions but are not required to be consolidated are reported under the equity method of accounting.

Derivative Instruments (Hedges of Net Investments in Foreign Operations) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivatives, Fair Value [Line Items]
Net Derivatives Gains (Losses) Deferred in AOCI	$ (12)	$ 29	$ 24	$ 8
Currency Swap [Member]
Derivatives, Fair Value [Line Items]
Net Derivatives Gains (Losses) Deferred in AOCI	0	0	0	0
Foreign Currency Forwards
Derivatives, Fair Value [Line Items]
Net Derivatives Gains (Losses) Deferred in AOCI	$ (12)	$ 29	$ 24	$ 8

Investments (Securities Pledged as Collateral Related to Repurchase Reverse Repurchase Program) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	$ 782	$ 732
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	1,923	1,333
Obligation to Return Securities Received as Collateral	2,705	2,065
Corporate Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	418	135
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	554	553
Debt Security, Government, Non-US [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	21	18
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	103	106
US States and Political Subdivisions Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	6	11
Asset-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	15	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	299	229
Commercial Mortgage Backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	48	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	254	221
Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	14	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	52	52
JAPAN
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	251	568
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	393	158
US Government Agencies Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	9	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	268	14
Maturity Overnight [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Obligation to Return Securities Received as Collateral	0	0
Maturity Overnight [Member] \| Corporate Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity Overnight [Member] \| Debt Security, Government, Non-US [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity Overnight [Member] \| US States and Political Subdivisions Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
Maturity Overnight [Member] \| Asset-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity Overnight [Member] \| Commercial Mortgage Backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity Overnight [Member] \| Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity Overnight [Member] \| JAPAN
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity Overnight [Member] \| US Government Agencies Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity up to 30 days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	77	88
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Obligation to Return Securities Received as Collateral	77	88
Maturity up to 30 days [Member] \| Corporate Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	77	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity up to 30 days [Member] \| Debt Security, Government, Non-US [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity up to 30 days [Member] \| US States and Political Subdivisions Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
Maturity up to 30 days [Member] \| Asset-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity up to 30 days [Member] \| Commercial Mortgage Backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity up to 30 days [Member] \| Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity up to 30 days [Member] \| JAPAN
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	88
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity up to 30 days [Member] \| US Government Agencies Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity 30 to 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	227	107
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Obligation to Return Securities Received as Collateral	227	107
Maturity 30 to 90 Days [Member] \| Corporate Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	142	94
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity 30 to 90 Days [Member] \| Debt Security, Government, Non-US [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	11	13
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity 30 to 90 Days [Member] \| US States and Political Subdivisions Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
Maturity 30 to 90 Days [Member] \| Asset-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	12	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity 30 to 90 Days [Member] \| Commercial Mortgage Backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	48	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity 30 to 90 Days [Member] \| Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	14	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity 30 to 90 Days [Member] \| JAPAN
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity 30 to 90 Days [Member] \| US Government Agencies Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	0	0
Maturity over 90 days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	478	537
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	1,923	1,333
Obligation to Return Securities Received as Collateral	2,401	1,870
Maturity over 90 days [Member] \| Corporate Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	199	41
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	554	553
Maturity over 90 days [Member] \| Debt Security, Government, Non-US [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	10	5
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	103	106
Maturity over 90 days [Member] \| US States and Political Subdivisions Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	6	11
Maturity over 90 days [Member] \| Asset-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	3	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	299	229
Maturity over 90 days [Member] \| Commercial Mortgage Backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	254	221
Maturity over 90 days [Member] \| Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	0	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	52	52
Maturity over 90 days [Member] \| JAPAN
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	251	480
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	393	158
Maturity over 90 days [Member] \| US Government Agencies Debt Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Securities Loaned, Fair Value of Collateral	9	0
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement	$ 268	$ 14

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 9,119	$ 4,857
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	298	183
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	32,122	36,678
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	4,776	5,370
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	41,241	41,535
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	5,074	5,553
Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	8,714	4,562
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	282	147
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	31,475	35,764
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	4,661	5,186
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	40,189	40,326
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	4,943	5,333
Non-investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	405	295
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	16	36
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	647	914
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	115	184
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	1,052	1,209
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	131	220
Corporate Debt Securities [Member] \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	3,871	2,134
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	71	70
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	21,471	24,207
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3,036	3,524
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	25,342	26,341
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	3,107	3,594
Corporate Debt Securities [Member] \| Non-investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	392	295
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	14	36
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	413	649
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	62	121
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	805	944
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	76	157
Canadian and Canadian provincial governments \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	159	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	6	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	432	459
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	35	33
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	591	459
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	41	33
Residential mortgage-backed securities \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	115
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	3
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	636	681
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	76	99
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	636	796
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	76	102
Asset-backed Securities [Member] \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	1,054	336
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	22	5
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,039	3,025
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	148	223
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	3,093	3,361
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	170	228
Asset-backed Securities [Member] \| Non-investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	13	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	44	68
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	5	10
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	57	68
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	7	10
Commercial mortgage-backed securities \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	188	160
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	12	5
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	1,156	1,328
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	96	190
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	1,344	1,488
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	108	195
Commercial mortgage-backed securities \| Non-investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0	4
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	1
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	0	4
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	0	1
US Government Agencies Debt Securities [Member] \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	264	614
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2	10
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	711	717
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	210	204
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	975	1,331
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	212	214
US States and Political Subdivisions Debt Securities [Member] \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	73
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	1
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	532	864
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	81	128
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	532	937
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	81	129
Debt Security, Government, Non-US [Member] \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	770	254
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	10	3
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,009	2,290
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	302	333
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	2,779	2,544
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	312	336
Debt Security, Government, Non-US [Member] \| Non-investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	190	193
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	48	52
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	190	193
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	48	52
JAPAN \| Investment grade securities
Estimated Fair Values And Gross Unrealized Losses, OTTI Impairment Losses Reported In AOCI [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	2,408	876
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	159	50
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,489	2,193
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	677	452
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	4,897	3,069
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 836	$ 502

Investments (Internal Credit Rating Disclosure) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 8,493	$ 7,459
High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	4,401	4,212
Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,694	2,928
Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	263	296
Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	23	7
Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	112	16
Year Of Origination 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,082
Year Of Origination 2024 \| High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	352
Year Of Origination 2024 \| Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	730
Year Of Origination 2024 \| Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0
Year Of Origination 2024 \| Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0
Year Of Origination 2024 \| Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0
Year Of Origination 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,237	1,241
Year Of Origination 2023 \| High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	473	475
Year Of Origination 2023 \| Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	752	754
Year Of Origination 2023 \| Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	12	12
Year Of Origination 2023 \| Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2023 \| Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,369	1,303
Year Of Origination 2022 \| High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	641	635
Year Of Origination 2022 \| Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	728	668
Year Of Origination 2022 \| Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2022 \| Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2022 \| Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,055	957
Year Of Origination 2021 \| High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	613	573
Year Of Origination 2021 \| Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	442	384
Year Of Origination 2021 \| Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2021 \| Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2021 \| Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2020 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	525	567
Year Of Origination 2020 [Member] \| High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	268	304
Year Of Origination 2020 [Member] \| Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	239	245
Year Of Origination 2020 [Member] \| Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	18	18
Year Of Origination 2020 [Member] \| Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2020 [Member] \| Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	0	0
Year Of Origination 2019 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss		867
Year Of Origination 2019 [Member] \| High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss		491
Year Of Origination 2019 [Member] \| Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss		313
Year Of Origination 2019 [Member] \| Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss		63
Year Of Origination 2019 [Member] \| Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss		0
Year Of Origination 2019 [Member] \| Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss		0
Year Of Origination Prior Periods [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,225	2,524
Year Of Origination Prior Periods [Member] \| High Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,054	1,734
Year Of Origination Prior Periods [Member] \| Internal Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	803	564
Year Of Origination Prior Periods [Member] \| Average Investment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	233	203
Year Of Origination Prior Periods [Member] \| Internal Noninvestment Grade [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	23	7
Year Of Origination Prior Periods [Member] \| Watch List [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 112	$ 16