0000898174-24-000130 | 10-Q | XBRL Viewer | Reinsurance Group OF America INC

Derivative Instruments and Hedging Activities Disclosure [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 six months ended June 30, 2024 and 2023 (dollars in millions):


	U.S. and Latin America – Financial Solutions
	Six months ended June 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	6		6
Attributed fees collected	13		13
Benefit payments	—		(1)

Effect of changes in interest rates	(34)		(2)
Effect of changes in equity markets	(26)		(34)
Effect of changes in volatility	—		(7)
Other market impacts	(9)		(2)
Actual policyholder behavior different from expected behavior	7		9
Balance, end of period, before effect of changes in the instrument-specific credit risk	210		245
Effect of changes in the instrument-specific credit risk	(8)		(16)
Balance, end of period	202		229
Less: reinsurance recoverable	—		—
Balance, end of period, after reinsurance	$	202	$	229

Net amount at risk	$	1,302	$	1,411
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 June 30, 2024 and 2023 is as follows (dollars in millions):


	June 30,						June 30,
	2024						2023
	Asset (1)		Liability		Net		Asset (1)		Liability		Net
U.S. and Latin America – Financial Solutions	$	15	$	217	$	(202)	$	6	$	235	$	(229)
Total market risk benefits	$	15	$	217	$	(202)	$	6	$	235	$	(229)

(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 six months ended June 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)

6 Months Ended

Jun. 30, 2024

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 June 30, 2024 and December 31, 2023 (dollars in millions):


		June 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	$	1,719	$	4	$	15	$	1,609	$	4	$	3
Interest rate options	Interest rate	4,435		3		—		5,555		7		—
Total return swaps	Interest rate	1,218		4		2		500		24		—
Interest rate futures	Interest rate	—		—		—		97		—		—
Foreign currency swaps	Foreign currency	150		45		—		150		27		—
Foreign currency forwards	Foreign currency	1,727		13		39		809		36		—
Foreign currency options	Foreign currency	350		—		—		—		—		—
Equity options	Equity	253		3		—		253		8		—
Equity futures	Equity	204		—		—		255		—		—
Credit default swaps	Credit	2,373		4		3		1,475		5		1
CPI swaps	CPI	433		7		2		468		11		3
Synthetic GICs	Interest rate	15,436		—		—		16,135		—		—
Embedded derivatives in:
Modco or funds withheld arrangements		—		323		391		—		356		527
Indexed annuity products		—		—		386		—		—		415
Total non-designated derivatives		28,298		406		838		27,306		478		949
Derivatives designated as hedging instruments:
Interest rate swaps	Interest rate	3,238		4		112		1,770		9		86
Forward bond purchase commitments	Interest rate	1,048		1		128		1,076		11		80
Foreign currency swaps	Foreign currency	1,844		7		168		809		7		64
Foreign currency forwards	Foreign currency	1,317		11		1		1,143		5		17
Total hedging derivatives		7,447		23		409		4,798		32		247
Total derivatives		$	35,745	$	429	$	1,247	$	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 six months ended June 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 June 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	$	3	$	(4)	$	—	$	—	$	—	$	—
Interest rate swaps	Future policy benefits	—		—		(4)		2		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(3)		1
For the three months ended June 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	—		—		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		—		—
For the six months ended June 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	2		(4)		—		—		—		—
Interest rate swaps	Future policy benefits	—		—		(4)		2		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(5)		2
For the six months ended June 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	(3)		2		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		—		—

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
	June 30, 2024		December 31, 2023		June 30, 2024	December 31, 2023	June 30, 2024	December 31, 2023
Foreign-denominated fixed maturity securities	$	—	$	89	n/a	n/a	n/a	n/a
Future policy benefits	(650)		—		2	—	16	—
Interest-sensitive contract liabilities	(916)		(25)		1	(1)	16	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 six months ended June 30, 2024 and 2023 (dollars in millions):


	Three months ended June 30,
	2024		2023
Balance, beginning of period	$	(299)	$	(198)
Gains (losses), net deferred in other comprehensive income (loss)	(125)		(32)
Amounts reclassified to net investment income	14		4
Amounts reclassified to interest expense	(3)		(2)
Balance, end of period	$	(413)	$	(228)

	Six months ended June 30,
	2024		2023
Balance, beginning of period	$	(218)	$	(205)
Gains (losses), net deferred in other comprehensive income (loss)	(211)		(26)
Amounts reclassified to net investment income	22		7
Amounts reclassified to interest expense	(6)		(4)
Balance, end of period	$	(413)	$	(228)

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 six months ended June 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 June 30, 2024:
Interest rate	$	(33)	$	(3)	$	3
Foreign currency	(92)		(11)		—
Total	$	(125)	$	(14)	$	3
For the three months ended June 30, 2023:
Interest rate	$	(8)	$	—	$	2
Foreign currency	(24)		(4)		—
Total	$	(32)	$	(4)	$	2

For the six months ended June 30, 2024:
Interest rate	$	(90)	$	(6)	$	6
Foreign currency	(121)		(16)		—
Total	$	(211)	$	(22)	$	6
For the six months ended June 30, 2023:
Interest rate	$	6	$	—	$	4
Foreign currency	(32)		(7)		—
Total	$	(26)	$	(7)	$	4

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 six months ended June 30, 2024 and 2023 (dollars in millions):


	Derivative Gains (Losses) Deferred in OCI
	Three months ended June 30,				Six months ended June 30,
Derivative Type	2024		2023		2024		2023
Foreign currency swaps	$	—	$	—	$	—	$	—
Foreign currency forwards	11		(21)		36		(21)
Total	$	11	$	(21)	$	36	$	(21)

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 six months ended June 30, 2024 and 2023 is as follows (dollars in millions):


		Gains (Losses) for the three months ended June 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	(13)	$	(30)
Interest rate options	Investment related gains (losses), net	—		(3)
Total return swaps	Investment related gains (losses), net	(11)		5
Interest rate futures	Investment related gains (losses), net	1		2
Foreign currency swaps	Investment related gains (losses), net	8		12
Foreign currency forwards	Investment related gains (losses), net	(98)		(74)
Foreign currency options	Investment related gains (losses), net	(3)		—
Equity options	Investment related gains (losses), net	(1)		(11)
Equity futures	Investment related gains (losses), net	(2)		(10)
Credit default swaps	Investment related gains (losses), net	2		10
CPI swaps	Investment related gains (losses), net	(1)		6


Subtotal		(118)		(93)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	26		(20)
Indexed annuity products	Interest credited	8		(5)
Total non-qualifying derivatives		$	(84)	$	(118)

		Gains (Losses) for the six months ended June 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	(44)	$	(10)
Interest rate options	Investment related gains (losses), net	(3)		(26)
Total return swaps	Investment related gains (losses), net	(7)		8
Interest rate futures	Investment related gains (losses), net	2		2
Foreign currency swaps	Investment related gains (losses), net	22		12
Foreign currency forwards	Investment related gains (losses), net	(162)		(93)
Foreign currency options	Investment related gains (losses), net	(3)		—
Equity options	Investment related gains (losses), net	(5)		(25)
Equity futures	Investment related gains (losses), net	(19)		(19)
Credit default swaps	Investment related gains (losses), net	4		21
CPI swaps	Investment related gains (losses), net	(1)		7


Subtotal		(216)		(123)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	103		17
Indexed annuity products	Interest credited	(12)		11
Total non-qualifying derivatives		$	(125)	$	(95)

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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 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	$	(2)	$	410	18.0	$	2	$	420	18.1

BBB
Single name credit default swaps	4		145		2.6	4		165		2.8
Credit default swaps referencing indices	(1)		1,803		4.2	(1)		880		5.0
Subtotal	3		1,948		4.0	3		1,045		4.7
BB
Single name credit default swaps	—		5		2.0	(1)		10		2.2

B
Single name credit default swaps	—		10		1.7	—		—		0.0
Total	$	1	$	2,373	6.4	$	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 June 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
June 30, 2024:
Derivative assets	$	106	$	(40)	$	66	$	(66)	$	—
Derivative liabilities	470		(40)		430		(430)		—
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 June 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
June 30, 2024:
Derivative assets	$	106	$	(40)	$	66	$	(66)	$	—
Derivative liabilities	470		(40)		430		(430)		—
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.

Document and Entity Information Address	6 Months Ended
Document and Entity Information Address	Jun. 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 (Defined Benefit Plans Disclosure) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4	$ 4	$ 7	$ 7
Interest cost	2	3	5	5
Expected return on plan assets	(3)	(2)	(6)	(5)
Amortization of prior service cost	0	0	0	0
Amortization of prior actuarial loss	0	0	1	1
Total	3	5	7	8
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	1	1
Interest cost	0	0	1	1
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	(1)	(1)	(1)	(1)
Amortization of prior actuarial loss	0	0	0	0
Total	$ 0	$ 0	$ 1	$ 1

Investments (Investment Income Net of Related Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	$ 1,131	$ 901	$ 2,131	$ 1,791
Investment expense	(49)	(44)	(88)	(78)
Investment income, net of related expenses	1,082	857	2,043	1,713
Available-for-sale Securities [Member]
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	881	683	1,641	1,328
Equity securities
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	1	1	3	3
Mortgage Loans on Real Estate [Member]
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	97	80	187	154
Policy loans
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	14	13	28	26
Funds withheld at interest
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	76	80	165	152
Short-term Investments [Member]
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	44	22	78	43
Partnership Interest
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	21	19	28	73
Other invested assets
Major Categories Of Investment Income Net of Expenses [Line Items]
Investment revenue	$ (3)	$ 3	$ 1	$ 12

Derivative Instruments (Fair Value Hedge Attributable to Foreign Currency) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 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	3	0	2	(3)
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	(4)	0	(4)	2
Interest Rate Contract \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(3)	0	(5)	0
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	1	0	2	0
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	(4)		(4)
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	2		2
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

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

Jun. 30, 2024

Jun. 30, 2023

Market Risk Benefit [Line Items]

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

$ (202)

$ (229)

Market Risk Benefit, Asset, Amount

^[1]

Market Risk Benefit, Liability, Amount

217

235

Insurance, Other | Americas [Member] | Other Segments

Market Risk Benefit [Line Items]

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

(202)

(229)

Market Risk Benefit, Asset, Amount

^[1]

Market Risk Benefit, Liability, Amount

$ 217

$ 235

[1]	Included in Other assets

Reinsurance

6 Months Ended

Jun. 30, 2024

Retrocession Arrangements And Reinsurance Ceded Receivables [Abstract]

Retrocession Arrangements and Reinsurance Ceded Receivables

REINSURANCE

Ceded Reinsurance

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 June 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 June 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.

During the fourth quarter of 2023, Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled life reinsurance company to reinsure U.S. asset-intensive business was launched with the Company as a sponsor. The Company, which is not an investor in Ruby Re, does not consolidate the entity.

Two reinsurance companies, including Ruby Re, account for approximately 75% of reinsurance ceded receivables and other as of June 30, 2024.

As of June 30, 2024 and December 31, 2023, $6 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 $2.9 billion and $3.1 billion as of June 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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024		December 31, 2023
Fixed maturity securities available-for-sale	$	2,326	$	2,442
Equity securities	2		2
Mortgage loans	429		451
Funds withheld at interest	1,496		1,545
Real estate joint ventures	35		35
Short-term investments and cash and cash equivalents	34		30
Accrued investment income	27		28
Net other assets	—		1
Net assets	$	4,349	$	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 $4,323 million and $4,483 million funds withheld payable as of June 30, 2024 and December 31, 2023, respectively, net of an embedded derivative asset of $206 million as of June 30, 2024 and December 31, 2023.

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

Jun. 30, 2024

Dec. 31, 2023

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

$ 76,161

$ 64,977

Collateral Fixed Maturity Securities [Member]

70,491

^[1]

60,467

^[2]

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

1,108

572

Collateral Received Fixed Maturity Securities [Member]

960

517

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

Reported Value Measurement [Member]

2,040

1,827

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

Assets Held-in-trust

42,810

32,758

Estimate of Fair Value Measurement [Member]

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

Assets Held-in-trust

39,907

30,359

Deposits

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

Federal Home Loan Bank Certificates and Obligations (FHLB)

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

Derivative Instruments and Hedging Activities Disclosure [Abstract]

$ 73

$ 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 June 30, 2024, the fair value of such investments was $911 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 CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities	$ 6,703	$ 1,818
Cash flows from investing activities
Sales of fixed maturity securities available-for-sale	14,601	3,420
Purchases of fixed maturity securities available-for-sale	(22,247)	(5,999)
Maturities of fixed maturity securities available-for-sale	843	454
Sales of equity securities	4	1
Purchases of equity securities	(11)	(4)
Principal payments on mortgage loans	290	167
Cash invested in mortgage loans	(630)	(640)
Deposits in (withdrawals from) funds withheld at interest	175	195
Sales of limited partnerships and real estate joint ventures	118	231
Purchases of limited partnerships and real estate joint ventures	(254)	(295)
Sales of short-term investments	253	214
Purchases of short-term investments	(458)	(332)
Maturities of short-term investments	115	51
Change in other invested assets	9	32
Other, net	16	17
Net cash used in investing activities	(7,176)	(2,488)
Cash flows from financing activities
Dividends to shareholders	(112)	(107)
Proceeds from long-term debt issuance, net	640	890
Principal payments of long-term debt	2	2
Purchase of treasury stock	(19)	(119)
Change in cash collateral for derivatives and other arrangements	33	(24)
Change in deposit asset on reinsurance	151	24
Deposits on investment-type policies and contracts	4,120	1,449
Withdrawals on investment-type policies and contracts	(2,586)	(1,743)
Net cash provided by financing activities	2,225	368
Effect of exchange rate changes on cash	(126)	(27)
Cash and Cash Equivalents, Period Increase (Decrease)	1,626	(329)
Cash and cash equivalents, beginning of period		2,927
Cash and cash equivalents	4,596
Cash and cash equivalents, end of period	4,596	2,598
Supplemental disclosures of cash flow information
Interest Paid, Excluding Capitalized Interest, Operating Activities	103	97
Income Taxes Paid, Net	41	161
Transfer to Investments	$ 6,165	$ 698

Derivative Instruments

6 Months Ended

Jun. 30, 2024

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” 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 June 30, 2024 and December 31, 2023 (dollars in millions):


		June 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	$	1,719	$	4	$	15	$	1,609	$	4	$	3
Interest rate options	Interest rate	4,435		3		—		5,555		7		—
Total return swaps	Interest rate	1,218		4		2		500		24		—
Interest rate futures	Interest rate	—		—		—		97		—		—
Foreign currency swaps	Foreign currency	150		45		—		150		27		—
Foreign currency forwards	Foreign currency	1,727		13		39		809		36		—
Foreign currency options	Foreign currency	350		—		—		—		—		—
Equity options	Equity	253		3		—		253		8		—
Equity futures	Equity	204		—		—		255		—		—
Credit default swaps	Credit	2,373		4		3		1,475		5		1
CPI swaps	CPI	433		7		2		468		11		3
Synthetic GICs	Interest rate	15,436		—		—		16,135		—		—
Embedded derivatives in:
Modco or funds withheld arrangements		—		323		391		—		356		527
Indexed annuity products		—		—		386		—		—		415
Total non-designated derivatives		28,298		406		838		27,306		478		949
Derivatives designated as hedging instruments:
Interest rate swaps	Interest rate	3,238		4		112		1,770		9		86
Forward bond purchase commitments	Interest rate	1,048		1		128		1,076		11		80
Foreign currency swaps	Foreign currency	1,844		7		168		809		7		64
Foreign currency forwards	Foreign currency	1,317		11		1		1,143		5		17
Total hedging derivatives		7,447		23		409		4,798		32		247
Total derivatives		$	35,745	$	429	$	1,247	$	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 six months ended June 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 June 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	$	3	$	(4)	$	—	$	—	$	—	$	—
Interest rate swaps	Future policy benefits	—		—		(4)		2		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(3)		1
For the three months ended June 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	—		—		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		—		—
For the six months ended June 30, 2024:
Foreign currency swaps	Foreign-denominated fixed maturity securities	2		(4)		—		—		—		—
Interest rate swaps	Future policy benefits	—		—		(4)		2		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		(5)		2
For the six months ended June 30, 2023:

Foreign currency swaps	Foreign-denominated fixed maturity securities	(3)		2		—		—		—		—
Interest rate swaps	Interest-sensitive contract liabilities	—		—		—		—		—		—


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
	June 30, 2024		December 31, 2023		June 30, 2024	December 31, 2023	June 30, 2024	December 31, 2023
Foreign-denominated fixed maturity securities	$	—	$	89	n/a	n/a	n/a	n/a
Future policy benefits	(650)		—		2	—	16	—
Interest-sensitive contract liabilities	(916)		(25)		1	(1)	16	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 June 30,
	2024		2023
Balance, beginning of period	$	(299)	$	(198)
Gains (losses), net deferred in other comprehensive income (loss)	(125)		(32)
Amounts reclassified to net investment income	14		4
Amounts reclassified to interest expense	(3)		(2)
Balance, end of period	$	(413)	$	(228)

	Six months ended June 30,
	2024		2023
Balance, beginning of period	$	(218)	$	(205)
Gains (losses), net deferred in other comprehensive income (loss)	(211)		(26)
Amounts reclassified to net investment income	22		7
Amounts reclassified to interest expense	(6)		(4)
Balance, end of period	$	(413)	$	(228)

As of June 30, 2024, approximately $36 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 $10 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 June 30, 2024:
Interest rate	$	(33)	$	(3)	$	3
Foreign currency	(92)		(11)		—
Total	$	(125)	$	(14)	$	3
For the three months ended June 30, 2023:
Interest rate	$	(8)	$	—	$	2
Foreign currency	(24)		(4)		—
Total	$	(32)	$	(4)	$	2

For the six months ended June 30, 2024:
Interest rate	$	(90)	$	(6)	$	6
Foreign currency	(121)		(16)		—
Total	$	(211)	$	(22)	$	6
For the six months ended June 30, 2023:
Interest rate	$	6	$	—	$	4
Foreign currency	(32)		(7)		—
Total	$	(26)	$	(7)	$	4

For the three and six months ended June 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 six months ended June 30, 2024 and 2023 (dollars in millions):


	Derivative Gains (Losses) Deferred in OCI
	Three months ended June 30,				Six months ended June 30,
Derivative Type	2024		2023		2024		2023
Foreign currency swaps	$	—	$	—	$	—	$	—
Foreign currency forwards	11		(21)		36		(21)
Total	$	11	$	(21)	$	36	$	(21)

The cumulative foreign currency translation gain recorded in AOCI related to these hedges was $219 million and $183 million as of June 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 June 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	(13)	$	(30)
Interest rate options	Investment related gains (losses), net	—		(3)
Total return swaps	Investment related gains (losses), net	(11)		5
Interest rate futures	Investment related gains (losses), net	1		2
Foreign currency swaps	Investment related gains (losses), net	8		12
Foreign currency forwards	Investment related gains (losses), net	(98)		(74)
Foreign currency options	Investment related gains (losses), net	(3)		—
Equity options	Investment related gains (losses), net	(1)		(11)
Equity futures	Investment related gains (losses), net	(2)		(10)
Credit default swaps	Investment related gains (losses), net	2		10
CPI swaps	Investment related gains (losses), net	(1)		6


Subtotal		(118)		(93)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	26		(20)
Indexed annuity products	Interest credited	8		(5)
Total non-qualifying derivatives		$	(84)	$	(118)

		Gains (Losses) for the six months ended June 30,
Type of Non-qualifying Derivative	Income Statement Location of Gains (Losses)	2024		2023
Interest rate swaps	Investment related gains (losses), net	$	(44)	$	(10)
Interest rate options	Investment related gains (losses), net	(3)		(26)
Total return swaps	Investment related gains (losses), net	(7)		8
Interest rate futures	Investment related gains (losses), net	2		2
Foreign currency swaps	Investment related gains (losses), net	22		12
Foreign currency forwards	Investment related gains (losses), net	(162)		(93)
Foreign currency options	Investment related gains (losses), net	(3)		—
Equity options	Investment related gains (losses), net	(5)		(25)
Equity futures	Investment related gains (losses), net	(19)		(19)
Credit default swaps	Investment related gains (losses), net	4		21
CPI swaps	Investment related gains (losses), net	(1)		7


Subtotal		(216)		(123)
Embedded derivatives in:
Modco or funds withheld arrangements	Investment related gains (losses), net	103		17
Indexed annuity products	Interest credited	(12)		11
Total non-qualifying derivatives		$	(125)	$	(95)

Credit Derivatives


	June 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	$	(2)	$	410	18.0	$	2	$	420	18.1

BBB
Single name credit default swaps	4		145		2.6	4		165		2.8
Credit default swaps referencing indices	(1)		1,803		4.2	(1)		880		5.0
Subtotal	3		1,948		4.0	3		1,045		4.7
BB
Single name credit default swaps	—		5		2.0	(1)		10		2.2

B
Single name credit default swaps	—		10		1.7	—		—		0.0
Total	$	1	$	2,373	6.4	$	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 June 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
June 30, 2024:
Derivative assets	$	106	$	(40)	$	66	$	(66)	$	—
Derivative liabilities	470		(40)		430		(430)		—
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 June 30, 2024, the Company had credit exposure of $14 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.

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

Jun. 30, 2024

Dec. 31, 2023

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

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

$ 76,161

$ 64,977

964

1,125

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

6,523

5,560

$ 70,491

^[1]

$ 60,467

^[2]

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

100.00%

$ 111

$ 75

Corporate Debt Securities [Member]

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

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

50,053

42,014

516

554

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

4,343

3,751

$ 46,131

^[1]

$ 38,755

^[2]

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

65.40%

64.10%

$ 95

$ 62

Canadian and Canadian provincial governments

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

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

4,520

3,477

331

473

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

$ 4,780

^[1]

$ 3,917

^[2]

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

6.80%

6.50%

$ 0

Residential mortgage-backed securities

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

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

1,307

1,173

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

109

102

$ 1,212

^[1]

$ 1,079

^[2]

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

1.70%

1.80%

$ 0

Asset-backed Securities [Member]

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

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

5,302

4,661

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

189

239

$ 5,143

^[1]

$ 4,429

^[2]

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

7.30%

$ 15

$ 12

Commercial Mortgage Backed Securities [Member]

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

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

2,242

1,969

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

140

202

$ 2,120

^[1]

$ 1,773

^[2]

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

3.00%

2.90%

$ 1

US Treasury and Government [Member]

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

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

1,681

2,725

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

256

214

$ 1,428

^[1]

$ 2,520

^[2]

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

2.00%

4.20%

$ 0

US States and Political Subdivisions Debt Securities [Member]

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

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

1,188

1,236

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

150

129

$ 1,042

^[1]

$ 1,114

^[2]

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

1.60%

1.80%

$ 0

Debt Security, Government, Non-US [Member]

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

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

4,571

4,092

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

430

388

$ 4,172

^[1]

$ 3,749

^[2]

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

5.90%

6.20%

$ 0

JAPAN

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

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

5,297

3,630

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

835

502

$ 4,463

$ 3,131

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

6.30%

5.20%

$ 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 June 30, 2024, the fair value of such investments was $911 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

Segment Information (Income Loss Before Provision for Income Tax of Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 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	$ 269	$ 265	$ 541	$ 616
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	(136)	(71)	(265)	(146)
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	257	130	390	365
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	33	41	87	80
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	73	56	165	142
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	42	109	164	175
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	174	62	290	183
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	27	35	74	64
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	1	4	29	31
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	100	89	209	168
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	83	68	100	182
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	6	6	13	16
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	72	52	136	111
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	$ (58)	$ 20	$ (45)	$ 7

Financing Activities (Details) - Senior Note 2034 - Senior Notes $ in Millions	6 Months Ended
	Jun. 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

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

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Comprehensive income (loss)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 204	$ 207	$ 416	$ 460
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	29	120	18	142
Net unrealized investment gains (losses)	(632)	(486)	(1,027)	617
Effect of updating discount rates on future policy benefits	705	426	1,355	(295)
Change in instrument-specific credit risk for market risk benefits	3	(1)	3	0
Defined benefit pension and postretirement plan adjustments	0	4	0	9
Total other comprehensive income (loss), net of tax	105	63	349	473
Total comprehensive income	309	270	765	933
Comprehensive income attributable to noncontrolling interest	1	2	3	3
Total comprehensive income attributable to RGA, Inc.	$ 308	$ 268	$ 762	$ 930

Future Policy Benefits (Premiums and Interest) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	$ 856	$ 651
Liability for Future Policy Benefit, Gross Premium Income	8,535	6,079
Americas [Member] \| Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	285	262
Liability for Future Policy Benefit, Gross Premium Income	3,061	2,935
Americas [Member] \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	154	88
Liability for Future Policy Benefit, Gross Premium Income	2,212	166
CANADA \| Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	107	104
Liability for Future Policy Benefit, Gross Premium Income	553	535
CANADA \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	42	1
Liability for Future Policy Benefit, Gross Premium Income	71	46
EMEA [Member] \| Life Insurance Product Line [Member] \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	21	16
Liability for Future Policy Benefit, Gross Premium Income	732	697
EMEA [Member] \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	108	80
Liability for Future Policy Benefit, Gross Premium Income	429	335
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	80	73
Liability for Future Policy Benefit, Gross Premium Income	1,381	1,257
Asia Pacific [Member] \| Insurance, Other \| Other Segments
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Interest Expense	59	27
Liability for Future Policy Benefit, Gross Premium Income	$ 96	$ 108

Earnings Per Share

6 Months Ended

Jun. 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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Earnings:
Net income (numerator for basic and diluted calculations)	$	204	$	207	$	416	$	460
Less: Net income attributable to noncontrolling interest	1		2		3		3
Net income available to RGA, Inc. shareholders	$	203	$	205	$	413	$	457
Shares:
Weighted average outstanding shares (denominator for basic calculation)	66		67		66		67
Equivalent shares from outstanding stock awards	1		1		1		1
Diluted shares (denominator for diluted calculation)	67		68		67		68
Earnings per share:
Basic	$	3.07	$	3.09	$	6.28	$	6.86
Diluted	$	3.03	$	3.05	$	6.19	$	6.77

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.

Commitments, Contingencies and Guarantees (Commitments to Fund Investments) (Details) - USD ($) $ in Millions	Jun. 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	$ 1,020	$ 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	1,168	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	$ 73	$ 53

Market Risk Benefits (Details) - USD ($) $ in Millions	6 Months Ended
Market Risk Benefits (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Market Risk Benefit [Line Items]
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk	$ 202	$ 229
Market Risk Benefit, Net Amount at Risk	217		$ 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	202	229	249	$ 247
Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change	210	245	$ 253	$ 263
Market Risk Benefit, Interest Expense	6	6
Market Risk Benefit, Attributed Fee Collected	13	13
Market Risk Benefit, Benefit Payment	0	(1)
Market Risk Benefit, Increase (Decrease) from Interest Rate Change	(34)	(2)
Market Risk Benefit, Increase (Decrease) from Equity Market Change	(26)	(34)
Market Risk Benefit, Increase (Decrease) from Volatility	0	(7)
Market Risk Benefit, Increase (Decrease) from Other Assumption	(9)	(2)
Market Risk Benefit, Increase (Decrease) from Actual Policyholder Behavior Different from Expected	7	9
AOCI, Market Risk Benefit, Instrument-Specific Credit Risk, before Tax	(8)	(16)
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk	202	229
Market Risk Benefit, Reinsurance Recoverable, after Allowance	0	0
Market Risk Benefit, Net Amount at Risk	$ 1,302	$ 1,411
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	71 years	71 years

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

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Income Tax Expense (Benefit)

$ (65)

$ (58)

$ (125)

$ (156)

Unrealized Appreciation Depreciation Of Investments [Member]

203

205

413

457

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

Investment related gains (losses), net

(170)

(9)

(288)

(96)

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

(181)

(11)

(304)

(99)

Income Tax Expense (Benefit)

Amortization Of Unrealized Pension And Postretirement Benefits [Member]

(144)

(6)

(243)

(76)

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

Prior service cost

^[1]

Actuarial gains/(losses)

^[1]

(1)

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

Income Tax Expense (Benefit)

Amounts Reclassified From AOCI [Member]

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

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

(143)

(5)

(243)

(76)

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

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

^[2]

(14)

(4)

(22)

(7)

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

$ 2

$ 6

$ 4

[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.

Segment Information (Total Assets of Reportable Segments) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 109,888	$ 97,623
Corporate and Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	3,312	4,993
Other Segments \| Americas [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	53,568	52,705
Other Segments \| CANADA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	10,914	5,330
Other Segments \| EMEA [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	12,297	9,990
Other Segments \| Asia Pacific [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	29,797	24,605
Life Insurance Product Line [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	24,618	24,320
Life Insurance Product Line [Member] \| Other Segments \| CANADA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	5,022	5,111
Life Insurance Product Line [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	4,566	4,334
Life Insurance Product Line [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	8,954	9,925
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	28,950	28,385
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| CANADA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	5,892	219
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	7,731	5,656
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 20,843	$ 14,680

Deferred Policy Acquisition Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	$ 4,720	$ 4,286	$ 4,720	$ 4,286	$ 4,617
Deferred Policy Acquisition Costs, Amortization Expense	(391)	(349)	(778)	(680)
Corporate and Other [Member]
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	15	5	15	5
Life Insurance Product Line [Member] \| Americas [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	2,269	2,134	2,269	2,134	2,191	$ 2,087
Deferred Policy Acquisition Cost, Capitalization			156	119
Deferred Policy Acquisition Costs, Amortization Expense			(78)	(73)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			0	1
Life Insurance Product Line [Member] \| CANADA \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	166	174	166	174	173	171
Deferred Policy Acquisition Cost, Capitalization			4	5
Deferred Policy Acquisition Costs, Amortization Expense			(6)	(6)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			(5)	4
Life Insurance Product Line [Member] \| EMEA [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	354	318	354	318	347	294
Deferred Policy Acquisition Cost, Capitalization			35	44
Deferred Policy Acquisition Costs, Amortization Expense			(23)	(18)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			(5)	(2)
Life Insurance Product Line [Member] \| Asia Pacific [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	1,128	1,050	1,128	1,050	1,098	1,043
Deferred Policy Acquisition Cost, Capitalization			80	52
Deferred Policy Acquisition Costs, Amortization Expense			(29)	(30)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			(21)	(15)
Insurance, Other \| Americas [Member] \| Other Segments
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs	523	320	523	320	552	341
Deferred Policy Acquisition Cost, Capitalization			1	0
Deferred Policy Acquisition Costs, Amortization Expense			(30)	(21)
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 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 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	$ 265	$ 285	265	285	$ 250	$ 188
Deferred Policy Acquisition Cost, Capitalization			48	116
Deferred Policy Acquisition Costs, Amortization Expense			(32)	(15)
Deferred Policy Acquisition Costs, Foreign Currency Translation Gain (Loss)			$ (1)	$ (4)

Equity Based Compensation	6 Months Ended
Equity Based Compensation	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity Based Compensation	Equity Based Compensation Equity compensation expense was $26 million and $22 million for the six months ended June 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 June 30, 2024, 1,346,614 share awards at a weighted average strike price per share of $119.60 were vested and exercisable with a remaining weighted average exercise period of 4.4 years. As of June 30, 2024, the total compensation cost of non-vested awards not yet recognized in the financial statements was $53 million. It is estimated that these costs will vest over a weighted average period of 0.9 years.

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Entity Incorporation, State or Country Code	MO
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 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		65,857,648
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Net income (numerator for basic and diluted calculations)	$ 203	$ 205	$ 413	$ 457
Shares:
Weighted average outstanding shares (denominator for basic calculation)	66	67	66	67
Equivalent shares from outstanding stock awards	1	1	1	1
Denominator for diluted calculation	67	68	67	68
Diluted earnings per share	$ 3.03	$ 3.05	$ 6.19	$ 6.77
Basic earnings per share	$ 3.07	$ 3.09	$ 6.28	$ 6.86
Net Income (Loss) Attributable to Noncontrolling Interest	$ 1	$ 2	$ 3	$ 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 204	$ 207	$ 416	$ 460

Future Policy Benefits (Details) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Dec. 31, 2023

Dec. 31, 2022

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

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

$ 50,779

$ 38,239

$ 41,231

5,527

5,289

Future Policy Benefits Unearned Revenue Liability

466

518

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

125

187

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

(7,979)

(5,424)

76,943

$ 74,207

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

(398)

(83)

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

76,249

74,921

76,545

74,124

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

1,599

1,653

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

^[2]

1,730

1,710

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

^[3]

(2,621)

(2,534)

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

(4)

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

68,270

69,497

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

(9,988)

(6,721)

89,036

85,285

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

(501)

(49)

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

88,164

86,010

88,535

85,236

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

^[1]

1,599

1,653

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

^[2]

2,015

1,972

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

^[5]

(2,973)

(2,801)

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

(4)

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

78,176

79,289

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

9,906

9,792

(741)

(407)

Liability for Future Policy Benefit, after Reinsurance

$ 9,165

$ 9,385

Liability for Future Policy Benefit, Weighted-Average Duration

12 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

5.60%

5.10%

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

$ (4,753)

$ (4,436)

22,689

21,330

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

112

347

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

22,222

22,319

22,801

21,677

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

267

240

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

^[2]

376

370

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

^[3]

(494)

(466)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

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

(728)

498

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

17,469

17,883

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

(4,125)

(3,626)

26,275

24,655

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

106

347

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

25,756

25,789

26,381

25,002

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

^[1]

268

240

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

^[2]

483

474

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

^[5]

(523)

(507)

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

(853)

580

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

21,631

22,163

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

4,162

4,280

(280)

(285)

Liability for Future Policy Benefit, after Reinsurance

$ 3,882

$ 3,995

Liability for Future Policy Benefit, Weighted-Average Duration

15 years

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

3.60%

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

5.00%

4.60%

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

$ (2,923)

$ (3,427)

15,328

14,244

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

254

(51)

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

15,513

14,795

15,582

14,193

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

521

610

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

^[2]

256

243

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

^[3]

(732)

(696)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

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

(114)

445

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

12,590

11,368

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

(3,208)

(3,669)

16,756

15,454

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

259

(44)

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

16,922

16,085

17,015

15,410

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

^[1]

523

610

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

^[2]

277

259

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

^[5]

(757)

(682)

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

(136)

488

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

13,714

12,416

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

1,124

1,048

(33)

(36)

Liability for Future Policy Benefit, after Reinsurance

$ 1,091

$ 1,012

Liability for Future Policy Benefit, Weighted-Average Duration

8 years

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

3.30%

3.40%

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

5.70%

6.10%

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

$ (12,596)

$ (10,296)

42,741

40,506

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

(8)

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

173

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

42,737

40,416

42,914

40,548

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

1,959

1,264

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

^[2]

548

515

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

^[3]

(1,086)

(997)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

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

(1,598)

(914)

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

30,141

30,120

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

(14,728)

(12,197)

47,370

44,785

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

(8)

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

144

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

47,439

44,783

47,514

44,804

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

^[1]

1,959

1,264

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

^[2]

628

588

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

^[5]

(979)

(894)

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

(1,683)

(979)

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

32,711

32,586

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

2,570

2,466

(108)

(99)

Liability for Future Policy Benefit, after Reinsurance

$ 2,462

$ 2,367

Liability for Future Policy Benefit, Weighted-Average Duration

15 years

17 years

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

2.60%

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

4.80%

4.20%

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

$ (262)

$ (255)

1,455

1,671

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

(3)

(18)

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

1,403

1,601

1,452

1,653

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

2,175

146

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

^[2]

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

^[3]

(2,246)

(225)

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

1,141

1,346

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

(616)

(551)

6,843

5,823

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

(6)

(23)

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

8,996

5,782

6,837

5,800

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

^[1]

2,305

154

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

^[2]

176

114

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

^[5]

(322)

(270)

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

(16)

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

8,380

5,231

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

(2)

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

7,237

3,885

(849)

Liability for Future Policy Benefit, after Reinsurance

$ 6,388

$ 3,885

Liability for Future Policy Benefit, Weighted-Average Duration

8 years

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

3.80%

3.60%

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

5.50%

5.20%

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

$ (311)

$ (356)

3,184

3,394

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

(6)

(3)

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

3,932

3,354

3,178

3,391

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

4,975

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

^[2]

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

^[3]

(4,182)

(168)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

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

(100)

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

3,621

2,998

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

(231)

(354)

3,210

3,447

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

(6)

(10)

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

8,003

3,405

3,204

3,437

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]

103

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

^[5]

(195)

(166)

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

(92)

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

7,772

3,051

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

4,151

Liability for Future Policy Benefit, after Reinsurance

$ 4,151

$ 53

Liability for Future Policy Benefit, Weighted-Average Duration

13 years

7 years

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

3.60%

3.20%

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

4.90%

4.80%

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

$ (9,325)

$ (10,656)

54,832

38,782

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

897

200

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

61,919

43,827

55,729

38,983

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

8,901

4,929

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

^[2]

864

428

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

^[3]

(2,839)

(2,186)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

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

(736)

1,673

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

52,594

33,171

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

(10,267)

(11,829)

60,938

44,330

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

901

186

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

68,575

50,110

61,839

44,517

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

^[1]

8,901

4,929

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

^[2]

972

508

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

^[5]

(2,350)

(1,782)

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

(787)

1,938

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

58,308

38,281

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

5,714

5,110

Liability for Future Policy Benefit, after Reinsurance

$ 5,714

$ 5,110

Liability for Future Policy Benefit, Weighted-Average Duration

10 years

9 years

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

3.00%

2.10%

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

5.20%

5.50%

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

$ (150)

$ 82

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

(38)

(3)

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

1,524

2,085

2,019

1,602

Liability for Future Policy Benefit, Expected Net Premium, Issuance

^[1]

5,497

2,163

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

^[2]

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

^[3]

(5,755)

(1,528)

Liability for Future Policy Benefit, Expected Net Premium, Derecognition

^[4]

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

(249)

(164)

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

1,374

2,167

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

(1,029)

(209)

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

(39)

(4)

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

12,200

7,987

$ 7,980

$ 6,557

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

^[1]

5,646

2,209

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

^[2]

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

^[5]

(193)

(132)

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

(1,304)

(686)

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

11,171

7,778

Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

9,797

5,611

Liability for Future Policy Benefit, after Reinsurance

$ 9,797

$ 5,611

Liability for Future Policy Benefit, Weighted-Average Duration

15 years

16 years

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

1.40%

1.20%

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

2.40%

1.60%

[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.

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

Jun. 30, 2024

Dec. 31, 2023

Available For Sale Securities Debt Maturities Amortized Cost

Due in one year or less

$ 1,347

Due after one year through five years

11,719

Due after five year through ten years

12,784

Due after ten years

41,460

Asset and mortgage-backed securities

8,851

Total

76,161

$ 64,977

Available For Sale Securities Debt Maturities Fair Value

Due in one year or less

1,351

Due after one year through five years

11,557

Due after five year through ten years

12,221

Due after ten years

36,887

Asset and mortgage-backed securities

8,475

Total

$ 70,491

^[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 June 30, 2024, the fair value of such investments was $911 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

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

Jun. 30, 2024

Dec. 31, 2023

Reported Value Measurement [Member]

Assets

Mortgage loans on real estate (net of valuation allowances)

^[1]

$ 7,984

$ 7,377

^[1]

1,171

1,206

^[1]

5,776

6,005

^[1]

1,566

1,635

^[1]

^[1]

1,033

1,019

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

^[1]

881

759

^[1]

^[1],[2]

21,822

21,797

Estimate of Fair Value Measurement [Member]

4,530

4,689

^[1]

Long-term debt

^[1]

5,067

4,427

Assets

Mortgage loans on real estate (net of valuation allowances)

7,582

6,975

1,171

1,206

5,386

5,547

1,566

1,635

843

841

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

881

759

^[2]

21,366

21,665

4,276

4,400

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

4,865

4,243

Assets

Mortgage loans on real estate (net of valuation allowances)

1,566

1,635

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

^[2]

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

Assets

Mortgage loans on real estate (net of valuation allowances)

1,171

1,206

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

881

759

^[2]

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

Assets

Mortgage loans on real estate (net of valuation allowances)

7,582

6,975

5,386

5,547

768

774

Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures

^[2]

21,366

21,665

4,276

4,400

Mortgage loans on real estate (net of valuation allowances)

4,865

4,243

7,984

7,377

1,171

1,206

5,556

5,683

4,596

2,970

335

222

1,148

1,171

881

759

31,676

30,273

Reinsurance Recoverables, Gross

4,323

4,483

Long-term debt

5,067

4,427

$ 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 June 30, 2024 and December 31, 2023, respectively.

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Available for Sale at Fair value - Amortized cost	$ 76,161	$ 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	140,000,000,000,000	140,000,000,000,000
Common Stock, Shares, Issued	85,310,598,000,000	85,310,598,000,000
Allowance for Loan and Lease Losses, Real Estate	$ 75	$ 67
Financing Receivable, Allowance for Credit Loss	$ 111	75
Preferred stock shares authorized	10,000,000,000,000
Real Estate Investments, Joint Ventures	$ 2,791	2,635
Market Risk Benefit, Net Amount at Risk	$ 217	$ 258
Treasury Stock, Common, Shares	19,438,385,000,000	18,634,390,000,000
Funds Held under Reinsurance Agreements, Liability	$ 4,323	$ 4,483
Preferred stock shares authorized	10,000,000,000,000

Reinsurance (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
Reinsurance (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Ceded Credit Risk [Line Items]
Claims Recoverable From Retrocessionaires Past Due	$ 6	$ 10
Embedded Derivative, Fair Value of Embedded Derivative Asset	206	206
Funds Held under Reinsurance Agreements, Liability	$ 4,323	$ 4,483
AM Best, B++ Rating
Ceded Credit Risk [Line Items]
Ceded Credit Risk, Disclosure	“B++ (Good)”

Derivative Instruments (Fair Value Hedge Cumulative) (Details) - USD ($) $ in Millions	Jun. 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	(916)	(25)
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	1	(1)
Hedged Liability, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	16	1
Other Contract
Derivative Instruments, Gain (Loss) [Line Items]
Hedged Liability, Fair Value Hedge	(650)	0
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	2	0
Hedged Liability, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	$ 16	$ 0

Commitments, Contingencies and Guarantees

6 Months Ended

Jun. 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 June 30, 2024 and December 31, 2023, are presented in the following table (dollars in millions):


	June 30, 2024		December 31, 2023
Limited partnerships and real estate joint ventures	$	1,020	$	1,058
Mortgage loans	140		137
Bank loans and private placements	1,168		810
Lifetime mortgages	73		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 June 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 June 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 June 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 June 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 June 30, 2024 (dollars in millions):


Commitment Period	Maximum Potential Obligation
2034	$	1,243
2035	1,903
2036	3,599
2037	5,100
2038	2,550
2039	8,751
2041	720
2046	3,000
2049	4,750

Deferred Policy Acquisition Costs

6 Months Ended

Jun. 30, 2024

Deferred Policy Acquisition Costs

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 six months ended June 30, 2024 and 2023 (dollars in millions):


For the six months ended June 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	156		4		35		80
Amortization expense	(78)		(6)		(23)		(29)
Foreign currency translation	—		(5)		(5)		(21)
Balance, end of period	$	2,269	$	166	$	354	$	1,128


For the six months ended June 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	119		5		44		52
Amortization expense	(73)		(6)		(18)		(30)
Foreign currency translation	1		4		(2)		(15)
Balance, end of period	$	2,134	$	174	$	318	$	1,050

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


For the six months ended June 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		—		—		48
Amortization expense	(30)		—		—		(32)
Foreign currency translation	—		—		—		(1)
Balance, end of period	$	523	$	—	$	—	$	265


For the six months ended June 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	—		—		—		116
Amortization expense	(21)		—		—		(15)
Foreign currency translation	—		—		—		(4)
Balance, end of period	$	320	$	—	$	—	$	285

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


	June 30,
	2024		2023
Deferred policy acquisition costs included in the rollforwards:
Traditional:
U.S. and Latin America	$	2,269	$	2,134
Canada	166		174
Europe, Middle East and Africa	354		318
Asia Pacific	1,128		1,050
Financial Solutions:
U.S. and Latin America	523		320
Canada	—		—
Europe, Middle East and Africa	—		—
Asia Pacific	265		285
Other long-duration business:
Corporate and Other	15		5
Total deferred policy acquisition costs	$	4,720	$	4,286

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 203	$ 205	$ 413	$ 457

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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/exampleRef
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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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Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 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	$ (413)	$ (228)	$ (413)	$ (228)	$ (299)	$ (218)	$ (198)	$ (205)
Derivative Gain Loss Net Deferred In OCI	125	32	211	26
Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(14)	(4)	(22)	(7)
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (3)	$ (2)	$ (6)	$ (4)

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

Jun. 30, 2024

Dec. 31, 2023

$ 70,491

^[1]

$ 60,467

^[2]

144

^[1]

139

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

(274)

^[1]

(377)

^[2]

^[1]

^[2]

3,030

^[1]

1,335

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

304

^[1]

187

^[2]

^[1]

^[2]

^[1]

119

^[2]

73,835

^[1]

61,924

^[2]

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

386

415

(4,323)

(4,483)

(430)

(197)

Fair Value, Net Asset (Liability)

610

406

911

Fair Value Option Contractholder Directed Unit Linked Investments [Member]

(206)

Corporate Debt Securities [Member]

^[1]

^[2]

Canadian and Canadian provincial governments

46,131

^[1]

38,755

^[2]

Residential mortgage-backed securities

4,780

^[1]

3,917

^[2]

Asset-backed Securities [Member]

1,212

^[1]

1,079

^[2]

5,143

^[1]

4,429

^[2]

Commercial Mortgage Backed Securities [Member]

288

268

US Treasury and Government [Member]

2,120

^[1]

1,773

^[2]

US States and Political Subdivisions Debt Securities [Member]

1,428

^[1]

2,520

^[2]

Debt Security, Government, Non-US [Member]

1,042

^[1]

1,114

^[2]

4,172

^[1]

3,749

^[2]

Japanese Government

Fair Value Inputs Level 1 Member

4,463

^[1]

3,131

^[2]

1,337

^[1]

2,426

^[2]

^[1]

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

^[1]

^[2]

^[1]

^[2]

3,025

^[1]

1,322

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

129

^[1]

^[2]

^[1]

^[2]

^[1]

^[2]

4,561

^[1]

3,907

^[2]

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

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

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

^[1]

^[2]

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

^[1]

^[2]

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

^[1]

^[2]

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

^[1]

^[2]

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

^[1]

^[2]

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

^[1]

^[2]

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

1,337

^[1]

2,426

^[2]

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

^[1]

^[2]

Fair Value Inputs Level 1 Member | Japanese Government

^[1]

^[2]

Fair Value Inputs Level 2 Member

^[1]

^[2]

62,098

^[1]

51,622

^[2]

^[1]

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

^[1]

^[2]

^[1]

^[2]

^[1]

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

160

^[1]

^[2]

^[1]

^[2]

^[1]

119

^[2]

62,348

^[1]

51,849

^[2]

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

(430)

(197)

430

197

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

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

^[1]

^[2]

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

40,630

^[1]

33,822

^[2]

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

4,780

^[1]

3,917

^[2]

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

3,679

^[1]

1,078

^[2]

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

2,088

^[1]

3,064

^[2]

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

1,211

^[1]

1,714

^[2]

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

^[1]

^[2]

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

1,021

^[1]

1,095

^[2]

Fair Value Inputs Level 2 Member | Japanese Government

4,141

^[1]

3,714

^[2]

Fair Value Inputs Level 3 Member

4,463

^[1]

3,131

^[2]

7,056

^[1]

6,419

^[2]

^[1]

^[2]

Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure

(274)

^[1]

(377)

^[2]

^[1]

^[2]

^[1]

^[2]

Derivative Assets (Liabilities), at Fair Value, Net

^[1]

^[2]

^[1]

^[2]

^[1]

^[2]

6,926

^[1]

6,168

^[2]

Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives

386

415

180

209

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

(206)

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

^[1]

^[2]

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

5,501

^[1]

4,933

^[2]

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

^[1]

^[2]

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

1,464

^[1]

^[2]

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

^[1]

1,365

^[2]

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

^[1]

^[2]

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

^[1]

^[2]

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

^[1]

^[2]

Fair Value Inputs Level 3 Member | Japanese Government

^[1]

^[2]

Gross Amounts Offset in the Balance Sheet

$ 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 June 30, 2024, the fair value of such investments was $911 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

Derivative Instruments (Derivative Instruments Offsetting Balance Sheet) (Details) - USD ($)
$ in Millions

Jun. 30, 2024

Dec. 31, 2023

Derivative Assets [Abstract]

$ (40)

$ (57)

Derivative Liabilities [Abstract]

Gross Amounts Offset in the Balance Sheet

(40)

(57)

Net Amounts Presented in the Balance Sheet

206

Derivative Asset, Fair Value, Gross Asset

106

154

Derivative Asset, Subject to Master Netting Arrangement, before Offset of Collateral

Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Security Not Offset

^[1]

(66)

(97)

Derivative Asset, Subject to Master Netting Arrangement, after Offset and Deduction

Derivative Liability, Fair Value, Gross Liability

470

254

Derivative Liability, Subject to Master Netting Arrangement, before Offset of Collateral

430

197

Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Security Not Offset

^[1]

(430)

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

Jun. 30, 2024

Dec. 31, 2023

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

$ 76,161

$ 64,977

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

70,491

^[1]

60,467

^[2]

JAPAN

5,297

3,630

US Treasury and Government [Member]

4,463

3,131

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

1,681

2,725

Canadian Province Of Quebec Securities [Member]

1,428

^[1]

2,520

^[2]

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

1,571

1,467

Canadian Province Of Ontario Securities [Member]

1,744

1,748

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

1,157

1,019

$ 1,225

$ 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 June 30, 2024, the fair value of such investments was $911 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

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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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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Segment Information

6 Months Ended

Jun. 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 June 30,				Six months ended June 30,
Revenues:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	2,044	$	1,932	$	3,958	$	3,744
Financial Solutions	664		278		2,973		793
Total	2,708		2,210		6,931		4,537
Canada:
Traditional	389		373		775		732
Financial Solutions	101		26		128		53
Total	490		399		903		785
Europe, Middle East and Africa:
Traditional	524		451		1,049		911
Financial Solutions	232		130		443		299
Total	756		581		1,492		1,210
Asia Pacific:
Traditional	778		752		1,569		1,481
Financial Solutions	102		136		245		267
Total	880		888		1,814		1,748
Corporate and Other	44		78		75		127
Total	$	4,878	$	4,156	$	11,215	$	8,407


	Three months ended June 30,				Six months ended June 30,
Income (loss) before income taxes:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	174	$	62	$	290	$	183
Financial Solutions	83		68		100		182
Total	257		130		390		365
Canada:
Traditional	27		35		74		64
Financial Solutions	6		6		13		16
Total	33		41		87		80
Europe, Middle East and Africa:
Traditional	1		4		29		31
Financial Solutions	72		52		136		111
Total	73		56		165		142
Asia Pacific:
Traditional	100		89		209		168
Financial Solutions	(58)		20		(45)		7
Total	42		109		164		175
Corporate and Other	(136)		(71)		(265)		(146)
Total	$	269	$	265	$	541	$	616


Assets:	June 30, 2024		December 31, 2023
U.S. and Latin America:
Traditional	$	24,618	$	24,320
Financial Solutions	28,950		28,385
Total	53,568		52,705
Canada:
Traditional	5,022		5,111
Financial Solutions	5,892		219
Total	10,914		5,330
Europe, Middle East and Africa:
Traditional	4,566		4,334
Financial Solutions	7,731		5,656
Total	12,297		9,990
Asia Pacific:
Traditional	8,954		9,925
Financial Solutions	20,843		14,680
Total	29,797		24,605
Corporate and Other	3,312		4,993
Total	$	109,888	$	97,623

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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-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Derivative Instruments (Cash Flow Hedges) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (125)	$ (32)	$ (211)	$ (26)
Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	14	4	22	7
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	3	2	6	4
Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(33)	(8)	90	6
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	0	6	0
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	2	6	4
Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(92)	(24)	(121)	(32)
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	11	(4)	16	7
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

Market Risk Benefits (Tables)

6 Months Ended

Jun. 30, 2024

Market Risk Benefit, Activity

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


	U.S. and Latin America – Financial Solutions
	Six months ended June 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	6		6
Attributed fees collected	13		13
Benefit payments	—		(1)

Effect of changes in interest rates	(34)		(2)
Effect of changes in equity markets	(26)		(34)
Effect of changes in volatility	—		(7)
Other market impacts	(9)		(2)
Actual policyholder behavior different from expected behavior	7		9
Balance, end of period, before effect of changes in the instrument-specific credit risk	210		245
Effect of changes in the instrument-specific credit risk	(8)		(16)
Balance, end of period	202		229
Less: reinsurance recoverable	—		—
Balance, end of period, after reinsurance	$	202	$	229

Net amount at risk	$	1,302	$	1,411
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 June 30, 2024 and 2023 is as follows (dollars in millions):


	June 30,						June 30,
	2024						2023
	Asset (1)		Liability		Net		Asset (1)		Liability		Net
U.S. and Latin America – Financial Solutions	$	15	$	217	$	(202)	$	6	$	235	$	(229)
Total market risk benefits	$	15	$	217	$	(202)	$	6	$	235	$	(229)

(1)Included in Other assets

Derivative Instruments (Hedges of Net Investments in Foreign Operations) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivatives, Fair Value [Line Items]
Net Derivatives Gains (Losses) Deferred in AOCI	$ 11	$ (21)	$ 36	$ (21)
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	$ 11	$ (21)	$ 36	$ (21)

Reinsurance (Tables)

6 Months Ended

Jun. 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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024		December 31, 2023
Fixed maturity securities available-for-sale	$	2,326	$	2,442
Equity securities	2		2
Mortgage loans	429		451
Funds withheld at interest	1,496		1,545
Real estate joint ventures	35		35
Short-term investments and cash and cash equivalents	34		30
Accrued investment income	27		28
Net other assets	—		1
Net assets	$	4,349	$	4,534

Earnings Per Share (Tables)

6 Months Ended

Jun. 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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Earnings:
Net income (numerator for basic and diluted calculations)	$	204	$	207	$	416	$	460
Less: Net income attributable to noncontrolling interest	1		2		3		3
Net income available to RGA, Inc. shareholders	$	203	$	205	$	413	$	457
Shares:
Weighted average outstanding shares (denominator for basic calculation)	66		67		66		67
Equivalent shares from outstanding stock awards	1		1		1		1
Diluted shares (denominator for diluted calculation)	67		68		67		68
Earnings per share:
Basic	$	3.07	$	3.09	$	6.28	$	6.86
Diluted	$	3.03	$	3.05	$	6.19	$	6.77

Investments (Amortized Cost and Fair Value of Fixed Maturity Holdings by Industry Type) (Details) - USD ($)
$ in Millions

Jun. 30, 2024

Dec. 31, 2023

Corporate Securities by Investment Sector And Credit Rating [Line Items]

$ 76,161

$ 64,977

$ 70,491

^[1]

$ 60,467

^[2]

Corporate Debt Securities [Member]

100.00%

Corporate Securities by Investment Sector And Credit Rating [Line Items]

$ 50,053

$ 42,014

$ 46,131

^[1]

$ 38,755

^[2]

Percentage Of Total Corporate Fixed Maturity Security

65.40%

64.10%

100.00%

Corporate Debt Securities [Member] | Finance

Corporate Securities by Investment Sector And Credit Rating [Line Items]

$ 16,448

$ 15,052

Percentage Of Total Corporate Fixed Maturity Security

$ 15,090

$ 13,789

32.70%

35.60%

Corporate Debt Securities [Member] | Industrial

Corporate Securities by Investment Sector And Credit Rating [Line Items]

$ 26,154

$ 21,413

Percentage Of Total Corporate Fixed Maturity Security

$ 24,306

$ 19,935

52.70%

51.40%

Corporate Debt Securities [Member] | Utility

Corporate Securities by Investment Sector And Credit Rating [Line Items]

$ 7,451

$ 5,549

Percentage Of Total Corporate Fixed Maturity Security

$ 6,735

$ 5,031

14.60%

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 June 30, 2024, the fair value of such investments was $911 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

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

Policyholder Account Balances

6 Months Ended

Jun. 30, 2024

Long-Duration Insurance Contracts Disclosure

POLICYHOLDER ACCOUNT BALANCES

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 six months ended June 30, 2024 and 2023 (dollars in millions):


For the six months ended June 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	5			59			585
Policy charges	(15)			(40)			(74)
Surrenders and withdrawals	(4)			(1,137)			(510)
Benefit payments	(51)			(252)			(292)
Interest credited	34			289			52
Foreign currency translation	—			—			(17)
Balance, end of period	$	1,581		$	16,757		$	3,734
Less: reinsurance recoverable	—			(2,913)			—
Balance, end of period, after reinsurance	$	1,581		$	13,844		$	3,734

Weighted average crediting rate	4.4		%	3.4		%	3.2		%
Net amount at risk (1)	$	621		$	6,849		$	7
Cash surrender value	$	1,575		$	16,644		$	3,269


For the six months ended June 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	6			66			605
Policy charges	(15)			(17)			(1)
Surrenders and withdrawals	(8)			(1,046)			(50)
Benefit payments	(60)			(238)			(43)
Interest credited	33			283			53
Foreign currency translation	—			—			(17)
Balance, end of period	$	1,639		$	17,954		$	3,898
Less: reinsurance recoverable	—			(1,519)			—
Balance, end of period, after reinsurance	$	1,639		$	16,435		$	3,898

Weighted average crediting rate	4.0		%	3.3		%	2.9		%
Net amount at risk (1)	$	686		$	2,439		$	—
Cash surrender value	$	1,624		$	17,907		$	3,695

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


	June 30,
	2024		2023
Policyholder account balances included in the rollforwards:
Traditional:
U.S. and Latin America	$	1,581	$	1,639
Financial Solutions:
U.S. and Latin America	16,757		17,954
Asia Pacific	3,734		3,898
Other policyholder account balances
U.S. and Latin America – Financial Solutions	46		52
Total policyholder account balances	$	22,118	$	23,543

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


	June 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%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	—		—		—		—		—		—
	2.00 – 2.99%	—		—		—		—		—		—
	3.00 – 3.99%	—		—		—		—		—		—
	4.00% and Greater	496		103		982		—		—		1,581
	Total	$	496	$	103	$	982	$	—	$	—	$	1,581

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,414		14		11		37		30		1,506
	2.00 – 2.99%	1,367		15		35		560		164		2,141
	3.00 – 3.99%	3,835		225		113		2		—		4,175
	4.00% and Greater	8,902		33		—		—		—		8,935
	Total	$	15,518	$	287	$	159	$	599	$	194	$	16,757

Asia Pacific – Financial Solutions	Less than 1.00%	$	218	$	—	$	—	$	—	$	—	$	218
	1.00 – 1.99%	564		—		—		—		—		564
	2.00 – 2.99%	602		—		—		—		—		602
	3.00 – 3.99%	1,144		—		—		—		—		1,144
	4.00% and Greater	1,206		—		—		—		—		1,206
	Total	$	3,734	$	—	$	—	$	—	$	—	$	3,734


	June 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	521		1,118		—		—		—		1,639
	Total	$	521	$	1,118	$	—	$	—	$	—	$	1,639

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,759		14		16		70		40		1,899
	2.00 – 2.99%	1,724		13		57		637		31		2,462
	3.00 – 3.99%	4,515		249		70		—		—		4,834
	4.00% and Greater	8,717		42		—		—		—		8,759
	Total	$	16,715	$	318	$	143	$	707	$	71	$	17,954

Asia Pacific – Financial Solutions	Less than 1.00%	$	314	$	—	$	—	$	—	$	—	$	314
	1.00 – 1.99%	757		—		—		—		—		757
	2.00 – 2.99%	694		—		—		—		—		694
	3.00 – 3.99%	1,160		—		—		—		—		1,160
	4.00% and Greater	973		—		—		—		—		973
	Total	$	3,898	$	—	$	—	$	—	$	—	$	3,898

Future Policy Benefits (Assumption Explanations) (Details) - Other Segments - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 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	$ 11,900,000,000	$ 11,100,000,000
Future Policy Benefits Actual To Expected Variance	(103,000,000)	(34,000,000)
Impact Of Updating Discount Rate Recognized In OCI	$ (863,000,000)	$ 307,000,000
Future Policy Benefits Actual To Expected Variance Increase Decrease	0.9% decrease	0.3% increase
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	7.1% decrease	2.8% increase
Changes In Cash Flow Assumptions	$ 0	$ 0
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	3,500,000,000	3,500,000,000
Future Policy Benefits Actual To Expected Variance	(6,000,000)	0
Impact Of Updating Discount Rate Recognized In OCI	$ (243,000,000)	$ 184,000,000
Future Policy Benefits Actual To Expected Variance Increase Decrease	0.2% decrease	None
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	6.8% decrease	5.5% increase
Changes In Cash Flow Assumptions	$ 0	$ 0
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	1,400,000,000	1,300,000,000
Future Policy Benefits Actual To Expected Variance	5,000,000	7,000,000
Impact Of Updating Discount Rate Recognized In OCI	$ 66,000,000	$ 73,000,000
Future Policy Benefits Actual To Expected Variance Increase Decrease	0.4% increase	0.6% increase
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	4.6% decrease	6.0% decrease
Changes In Cash Flow Assumptions	$ 0	$ 0
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	4,700,000,000	4,400,000,000
Future Policy Benefits Actual To Expected Variance	29,000,000	(23,000,000)
Impact Of Updating Discount Rate Recognized In OCI	$ (167,000,000)	$ 30,000,000
Future Policy Benefits Actual To Expected Variance Increase Decrease	0.6% decrease	0.5% decrease
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	3.6% decrease	0.7% increase
Changes In Cash Flow Assumptions	$ 0	$ 0
Insurance, Other \| Americas [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	7,600,000,000	4,200,000,000
Future Policy Benefits Actual To Expected Variance	(3,000,000)	(5,000,000)
Impact Of Updating Discount Rate Recognized In OCI	$ (194,000,000)	$ (37,000,000)
Future Policy Benefits Actual To Expected Variance Increase Decrease	0.1% decrease	0.1% decrease
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	3.6% decrease	0.9% increase
Changes In Cash Flow Assumptions	$ 0	$ 0
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	51,000,000,000
Future Policy Benefits Actual To Expected Variance	0	(7,000,000)
Impact Of Updating Discount Rate Recognized In OCI	$ (77,000,000)	$ (1,000,000)
Future Policy Benefits Actual To Expected Variance Increase Decrease	None	13.2% decrease
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	296.2% increase (1)	2% increase
Changes In Cash Flow Assumptions	$ 0	$ 0
Insurance, Other \| EMEA [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Net Liability For Future Policy Benefits At Original Discount Rate	6,700,000,000	6,300,000,000
Future Policy Benefits Actual To Expected Variance	4,000,000	14,000,000,000
Impact Of Updating Discount Rate Recognized In OCI	$ 289,000,000	$ 259,000,000
Future Policy Benefits Actual To Expected Variance Increase Decrease	0.1% increase	0.3% decrease
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	4.7% decrease	4.63% decrease
Changes In Cash Flow Assumptions	$ 0	$ 0
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	10,700,000,000	5,900,000,000
Future Policy Benefits Actual To Expected Variance	1,000,000	1,000,000
Impact Of Updating Discount Rate Recognized In OCI	$ (107,000,000)	$ (169,000,000)
Future Policy Benefits Actual To Expected Variance Increase Decrease	None	None
Impact Of Updating Discount Rate Recognized In OCI Increase Decrease	1.8% decrease	2.7% increase
Changes In Cash Flow Assumptions	$ 0	$ 0

Fair Value of Assets and Liabilities

6 Months Ended

Jun. 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 June 30, 2024 and December 31, 2023 are summarized below (dollars in millions):


June 30, 2024:			Fair Value Measurements Using:
	Total		Level 1		Level 2		Level 3
Assets: (1)
Fixed maturity securities available-for-sale:
Corporate	$	46,131	$	—	$	40,630	$	5,501
Canadian government	4,780		—		4,780		—
Japanese government	4,463		—		4,463		—
ABS	5,143		—		3,679		1,464
CMBS	2,120		—		2,088		32
RMBS	1,212		—		1,211		1
U.S. government	1,428		1,337		85		6
State and political subdivisions	1,042		—		1,021		21
Other foreign government	4,172		—		4,141		31
Total fixed maturity securities available-for-sale	70,491		1,337		62,098		7,056
Equity securities	144		70		—		74
Funds withheld at interest – embedded derivatives	(274)		—		—		(274)
Funds withheld at interest	55		—		—		55
Cash equivalents	3,030		3,025		5		—
Short-term investments	304		129		160		15
Other invested assets:
Derivatives	66		—		66		—

Other	19		—		19		—
Total other invested assets	85		—		85		—

Total	$	73,835	$	4,561	$	62,348	$	6,926
Liabilities:
Interest-sensitive contract liabilities – embedded derivatives	$	386	$	—	$	—	$	386

Funds withheld at interest – embedded derivatives	(206)		—		—		(206)
Derivatives – other liabilities	430		—		430		—
Total	$	610	$	—	$	430	$	180

(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 June 30, 2024, the fair value of such investments was $911 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.

Quantitative Information Regarding Internally Priced Assets and Liabilities

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 June 30, 2024 and December 31, 2023 (dollars in millions):


	Estimated Fair Value				Valuation Technique	Unobservable Input	Range (Weighted Average)
	June 30, 2024		December 31, 2023				June 30, 2024	December 31, 2023
Assets:
Corporate	$	117	$	91	Market comparable securities	Liquidity premium	0-2% (1%)	0-2% (1%)
						EBITDA Multiple	6.7x-11.0x (9.0x)	6.0x-8.5x (7.1x)
ABS	288		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	33		31		Market comparable securities	Liquidity premium	4%	4%
						EBITDA Multiple	6.9x-12.4x (10.1x)	8.4x-12.3x (10.1x)
Funds withheld at interest – embedded derivatives	7		(50)		Total return swap	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (20%)	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	386		415		Discounted cash flow	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (19%)	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 June 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	$	5,079	$	33	$	1,398	$	27	$	69	$	—	$	10	$	(94)	$	55	$	(398)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	4		—		2		—		—		—		—		—		—		—
Investment related gains (losses), net	(24)		—		1		—		(4)		—		—		26		—		—



Interest credited	—		—		—		—		—		—		—		—		—		8
Included in other comprehensive income (loss)	(28)		(2)		2		—		—		—		—		—		—		—

Purchases (2)	764		—		142		—		9		—		7		—		—		(23)
Sales (2)	(63)		—		—		—		—		—		(1)		—		—		—
Settlements (2)	(232)		—		(99)		—		—		—		—		—		—		27
Transfers into Level 3	1		—		51		—		—		—		—		—		—		—
Transfers out of Level 3	—		—		—		—		—		—		(1)		—		—		—
Fair value, end of period	$	5,501	$	31	$	1,497	$	27	$	74	$	—	$	15	$	(68)	$	55	$	(386)
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	$	2	$	—	$	1	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Investment related gains (losses), net	(18)		—		—		—		(4)		—		—		26		—		—


Interest credited	—		—		—		—		—		—		—		—		—		18
Included in other comprehensive income (loss)	(27)		(2)		4		—		—		—		—		—		—		—

(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 six months ended June 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	6		—		3		—		—		—		—		—		2		—
Investment related gains (losses), net	(48)		—		(1)		—		(7)		—		—		103		—		—



Interest credited	—		—		—		—		—		—		—		—		—		(12)
Included in other comprehensive income (loss)	(17)		(4)		4		—		—		—		—		—		(1)		—

Purchases (2)	1,192		—		188		—		11		—		15		—		1		(11)
Sales (2)	(182)		—		(23)		—		—		—		(1)		—		—		—
Settlements (2)	(350)		—		(159)		(1)		—		—		—		—		(1)		52
Transfers into Level 3	1		—		81		2		—		—		—		—		—		—
Transfers out of Level 3	(34)		—		(21)		—		—		—		(1)		—		—		—
Fair value, end of period	$	5,501	$	31	$	1,497	$	27	$	74	$	—	$	15	$	(68)	$	55	$	(386)
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	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	2	$	—
Investment related gains (losses), net	(45)		—		(3)		—		(7)		—		—		103		—		—


Interest credited	—		—		—		—		—		—		—		—		—		64
Included in other comprehensive income (loss)	(15)		(4)		6		—		—		—		—		—		(1)		—

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


For the three months ended June 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	$	4,613	$	37	$	1,461	$	28	$	68	$	1	$	7	$	29	$	53	$	(495)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	1		—		2		—		—		—		—		—		(1)		—
Investment related gains (losses), net	1		—		(2)		—		(2)		—		—		(20)		—		—

Interest credited	—		—		—		—		—		—		—		—		—		(5)

Included in other comprehensive income (loss)	(64)		(2)		11		1		—		—		—		—		2		—

Purchases (2)	192		—		17		—		6		—		—		—		1		9
Sales (2)	(32)		—		(4)		—		(4)		—		—		—		—		—
Settlements (2)	(59)		—		(60)		—		—		—		—		—		(2)		19
Transfers into Level 3	8		—		—		—		—		—		6		—		—		—
Transfers out of Level 3	(6)		—		(28)		—		—		(1)		(7)		—		—		—
Fair value, end of period	$	4,654	$	35	$	1,397	$	29	$	68	$	—	$	6	$	9	$	53	$	(472)
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	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	(1)	$	—
Investment related gains (losses), net	—		—		(2)		—		(2)		—		—		(20)		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(23)
Included in other comprehensive income (loss)	(65)		(2)		10		1		—		—		—		—		2		—

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


For the six months ended June 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	2		—		3		—		—		—		—		—		(3)		—
Investment related gains (losses), net	—		—		(1)		—		(2)		—		(1)		17		—		—

Interest credited	—		—		—		—		—		—		—		—		—		11

Included in other comprehensive income (loss)	(9)		—		44		—		—		—		—		—		3		—

Purchases (2)	510		—		115		—		8		1		1		—		1		10
Sales (2)	(32)		—		(4)		—		(4)		—		—		—		—		—
Settlements (2)	(118)		—		(122)		(1)		—		—		—		—		(2)		37
Transfers into Level 3	8		—		64		—		—		—		6		—		—		—
Transfers out of Level 3	(6)		—		(55)		(5)		—		(1)		(13)		—		—		—
Fair value, end of period	$	4,654	$	35	$	1,397	$	29	$	68	$	—	$	6	$	9	$	53	$	(472)
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	$	2	$	—	$	3	$	—	$	—	$	—	$	—	$	—	$	(3)	$	—
Investment related gains (losses), net	(2)		—		(2)		—		(2)		—		(1)		17		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(25)
Included in other comprehensive income (loss)	(13)		—		43		—		—		—		—		—		3		—

(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 six months ended June 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

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 June 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.


June 30, 2024:	Carrying Value (1)		Estimated Fair Value		Fair Value Measurement Using:
					Level 1		Level 2		Level 3
Assets:
Mortgage loans	$	7,984	$	7,582	$	—	$	—	$	7,582
Policy loans	1,171		1,171		—		1,171		—
Funds withheld at interest	5,776		5,386		—		—		5,386
Limited partnerships – cost method	55		58		—		—		58
Cash and cash equivalents	1,566		1,566		1,566		—		—
Short-term investments	31		31		31		—		—
Other invested assets	1,033		843		3		72		768
Accrued investment income	881		881		—		881		—
Liabilities:
Interest-sensitive contract liabilities (2)	$	21,822	$	21,366	$	—	$	—	$	21,366
Funds withheld at interest	4,530		4,276		—		—		4,276
Long-term debt	5,067		4,865		—		—		4,865


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 June 30, 2024 and December 31, 2023, respectively.

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.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Commitments and Contingencies Disclosure [Abstract]

Investments (Loan Valuation Allowance for Mortgage Loans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance For Loan And Lease Losses Roll Forward
Balance, Beginning of Period	$ 77	$ 48	$ 67	$ 51
Provision (release)	(2)	(9)	(8)	(6)
Balance, End of Period	$ 75	$ 57	$ 75	$ 57

Commitments, Contingencies and Guarantees Commitments, Contingencies and Guarantees (Narrative) (Details) - USD ($) $ in Millions	Jun. 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

Commitments, Contingencies and Guarantees (Tables)

6 Months Ended

Jun. 30, 2024

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

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


	June 30, 2024		December 31, 2023
Limited partnerships and real estate joint ventures	$	1,020	$	1,058
Mortgage loans	140		137
Bank loans and private placements	1,168		810
Lifetime mortgages	73		53

Other Commitments [Table Text Block]

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


Commitment Period	Maximum Potential Obligation
2034	$	1,243
2035	1,903
2036	3,599
2037	5,100
2038	2,550
2039	8,751
2041	720
2046	3,000
2049	4,750

Income Tax	6 Months Ended
Income Tax	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAX The effective tax rate for the three and six months ending June 30, 2024, was 24.3% and 23.1% on pre-tax income. The tax rate was higher than the U.S. statutory rate primarily due to income earned in foreign jurisdictions and Subpart F income. These increases were partially offset with benefits received from tax credits and benefits received from return to provision adjustments. The effective tax rate for the three and six months ending June 30, 2023, was 21.7% and 25.2% on pre-tax income. The tax rate differed from the U.S. statutory rate primarily due to income earned in jurisdictions with tax rate greater than the U.S. statutory tax rate, and adjustments to the valuation allowance. These increases were partially offset with benefits received from tax credits generated during the year. 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. Based on the current guidance, the Company is not an applicable corporation for 2024. 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 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 June 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.

The entire disclosure for income tax.

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Future Policy Benefits (Details) (Narrative) - Americas [Member] - Other Segments - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Life Insurance Product Line [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Changes In Cash Flow Assumptions	$ 0	$ 0
Liability for Future Policy Benefit, after Reinsurance	9,165	9,385
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance	(741)	(407)
Insurance, Other
Liability for Future Policy Benefit, by Product Segment [Line Items]
Changes In Cash Flow Assumptions	0	0
Liability for Future Policy Benefit, after Reinsurance	6,388	3,885
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance	$ (849)	$ 0

Investments (Other Invested Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Other invested assets	$ 1,148	$ 1,171
Equity Release Mortgages [Member]
Other invested assets	951	944
Derivatives
Other invested assets	66	97
Other
Other invested assets	58	67
Federal Home Loan Bank Certificates and Obligations (FHLB)
Other invested assets	$ 73	$ 63

Deferred Policy Acquisition Costs (Tables)

6 Months Ended

Jun. 30, 2024

Deferred Policy Acquisition Costs


For the six months ended June 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	156		4		35		80
Amortization expense	(78)		(6)		(23)		(29)
Foreign currency translation	—		(5)		(5)		(21)
Balance, end of period	$	2,269	$	166	$	354	$	1,128


For the six months ended June 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	119		5		44		52
Amortization expense	(73)		(6)		(18)		(30)
Foreign currency translation	1		4		(2)		(15)
Balance, end of period	$	2,134	$	174	$	318	$	1,050


For the six months ended June 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		—		—		48
Amortization expense	(30)		—		—		(32)
Foreign currency translation	—		—		—		(1)
Balance, end of period	$	523	$	—	$	—	$	265


For the six months ended June 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	—		—		—		116
Amortization expense	(21)		—		—		(15)
Foreign currency translation	—		—		—		(4)
Balance, end of period	$	320	$	—	$	—	$	285

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


	June 30,
	2024		2023
Deferred policy acquisition costs included in the rollforwards:
Traditional:
U.S. and Latin America	$	2,269	$	2,134
Canada	166		174
Europe, Middle East and Africa	354		318
Asia Pacific	1,128		1,050
Financial Solutions:
U.S. and Latin America	523		320
Canada	—		—
Europe, Middle East and Africa	—		—
Asia Pacific	265		285
Other long-duration business:
Corporate and Other	15		5
Total deferred policy acquisition costs	$	4,720	$	4,286

Equity

6 Months Ended

Jun. 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)	—	(203,683)	203,683
Balance, June 30, 2024	85,310,598	19,486,202	65,824,396


	Issued	Held In Treasury	Outstanding
Balance, December 31, 2022	85,310,598	18,634,390	66,676,208
Common stock acquired	—	722,774	(722,774)
Equity based compensation (1)	—	(258,365)	258,365
Balance, June 30, 2023	85,310,598	19,098,799	66,211,799

(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 six months ended June 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 six months ended June 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	39		(1,625)		—		1,737		4		155
Amounts reclassified to (from) AOCI	—		304		—		—		—		304
Deferred income tax benefit (expense)	(21)		294		—		(382)		(1)		(110)
Balance, June 30, 2024	$	87	$	(4,695)	$	(29)	$	4,611	$	6	$	(20)


	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	169		687		11		(377)		—		490
Amounts reclassified to (from) AOCI	—		99		—		—		—		99
Deferred income tax benefit (expense)	(27)		(169)		(2)		82		—		(116)
Balance, June 30, 2023	$	26	$	(4,879)	$	(18)	$	3,460	$	13	$	(1,398)

(1)Includes cash flow hedges of $(413) and $(218) as of June 30, 2024 and December 31, 2023, respectively, and $(228) and $(205) as of June 30, 2023 and December 31, 2022, respectively. See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

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


	Amount Reclassified from AOCI
	Three months ended June 30,				Six months ended June 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	$	(170)	$	(9)	$	(288)	$	(96)	Investment related gains (losses), net
Cash flow hedges – Interest rate	3		2		6		4		(1)
Cash flow hedges – Currency/Interest rate	(14)		(4)		(22)		(7)		(1)

Total	(181)		(11)		(304)		(99)
Provision for income taxes	37		5		61		23
Net unrealized gains (losses), net of tax	$	(144)	$	(6)	$	(243)	$	(76)
Amortization of defined benefit plan items:
Prior service cost (credit)	$	1	$	1	$	1	$	1	(2)
Actuarial gains (losses)	—		—		(1)		(1)		(2)
Total	1		1		—		—
Provision for income taxes	—		—		—		—
Amortization of defined benefit plans, net of tax	$	1	$	1	$	—	$	—

Total reclassifications for the period	$	(143)	$	(5)	$	(243)	$	(76)

(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.

The entire disclosure for equity.

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Unpaid Claims and Claims Expense Short Duration Contracts (Tables)

3 Months Ended

Jun. 30, 2024

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):


	Six months ended June 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	771		789
Prior years	(55)		(55)
Total incurred	716		734
Payments:
Current year	(107)		(119)
Prior years	(532)		(539)
Total payments	(639)		(658)
Other changes:
Interest accretion	19		17
Foreign exchange adjustments	(46)		(7)
Total other changes	(27)		10

Net balance, end of period	2,700		2,509
Plus: reinsurance recoverable	69		70
Balance, end of period	$	2,769	$	2,579

Derivative Instruments (Non Hedging Derivatives and Embedded Derivatives Effect on Income Statement) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	$ (271)	$ (123)	$ (420)	$ (200)
Interest credited	(231)	(209)	(485)	(424)
Not Designated as Hedging Instrument
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(84)	(118)	(125)	(95)
Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives	(118)	(93)	(216)	(123)
Not Designated as Hedging Instrument \| Interest Rate Swaps
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(13)	(30)	(44)	(10)
Not Designated as Hedging Instrument \| Financial Futures
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(2)	(10)	(19)	(19)
Not Designated as Hedging Instrument \| Currency Swap [Member]
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	8	12	22	12
Not Designated as Hedging Instrument \| Foreign Currency Forwards
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(98)	(74)	(162)	(93)
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)	6	(1)	7
Not Designated as Hedging Instrument \| Equity Options
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(1)	(11)	(5)	(25)
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	26	(20)	103	17
Not Designated as Hedging Instrument \| Embedded Derivatives In Indexed Annuity [Member]
Income Affect Of Non Hedging Derivatives [Line Items]
Interest credited	(8)	(5)	(12)	(11)
Not Designated as Hedging Instrument \| Interest Rate Future
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	1	2	2	2
Not Designated as Hedging Instrument \| Total Return Swap
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	(11)	5	(7)	8
Not Designated as Hedging Instrument \| Interest Rate Swaption
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	0	(3)	(3)	(26)
Not Designated as Hedging Instrument \| Credit Default Swaps
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	2	10	4	21
Not Designated as Hedging Instrument \| Foreign Exchange Option
Income Affect Of Non Hedging Derivatives [Line Items]
Total investment related gains (losses), net	$ (3)	$ 0	$ (3)	$ 0

Investments Investments (Allowance for Credit Loss Roll Forward) (Details) - Available-for-sale Securities [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 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	$ 95	$ 79	$ 75	$ 37
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	(2)	(2)	(32)	(45)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	(1)	(7)	(9)	(10)
Other-than-Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	14	1	12	3
Other Than Temporary Impairment Credit Losses Recognized In Earnings Write Offs	(1)	0	(1)	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	111	75	111	75
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	79	69	62	27
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	(2)	(1)	(32)	(44)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	(1)	(7)	(9)	(10)
Other-than-Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	14	1	9	1
Other Than Temporary Impairment Credit Losses Recognized In Earnings Write Offs	(1)	0	(1)	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	95	62	95	62
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	10	12	10
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0	0	0	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	0	0	0	0
Other-than-Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	0	2	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	0	1	0
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase	0	(1)	0	(1)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	0	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

Policyholder Account Balances (Tables)

6 Months Ended

Jun. 30, 2024

Policyholder Account Balance, Guaranteed Minimum Crediting Rate

Policyholder Account Balances


For the six months ended June 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	5			59			585
Policy charges	(15)			(40)			(74)
Surrenders and withdrawals	(4)			(1,137)			(510)
Benefit payments	(51)			(252)			(292)
Interest credited	34			289			52
Foreign currency translation	—			—			(17)
Balance, end of period	$	1,581		$	16,757		$	3,734
Less: reinsurance recoverable	—			(2,913)			—
Balance, end of period, after reinsurance	$	1,581		$	13,844		$	3,734

Weighted average crediting rate	4.4		%	3.4		%	3.2		%
Net amount at risk (1)	$	621		$	6,849		$	7
Cash surrender value	$	1,575		$	16,644		$	3,269


For the six months ended June 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	6			66			605
Policy charges	(15)			(17)			(1)
Surrenders and withdrawals	(8)			(1,046)			(50)
Benefit payments	(60)			(238)			(43)
Interest credited	33			283			53
Foreign currency translation	—			—			(17)
Balance, end of period	$	1,639		$	17,954		$	3,898
Less: reinsurance recoverable	—			(1,519)			—
Balance, end of period, after reinsurance	$	1,639		$	16,435		$	3,898

Weighted average crediting rate	4.0		%	3.3		%	2.9		%
Net amount at risk (1)	$	686		$	2,439		$	—
Cash surrender value	$	1,624		$	17,907		$	3,695

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


	June 30,
	2024		2023
Policyholder account balances included in the rollforwards:
Traditional:
U.S. and Latin America	$	1,581	$	1,639
Financial Solutions:
U.S. and Latin America	16,757		17,954
Asia Pacific	3,734		3,898
Other policyholder account balances
U.S. and Latin America – Financial Solutions	46		52
Total policyholder account balances	$	22,118	$	23,543


	June 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%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	—		—		—		—		—		—
	2.00 – 2.99%	—		—		—		—		—		—
	3.00 – 3.99%	—		—		—		—		—		—
	4.00% and Greater	496		103		982		—		—		1,581
	Total	$	496	$	103	$	982	$	—	$	—	$	1,581

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,414		14		11		37		30		1,506
	2.00 – 2.99%	1,367		15		35		560		164		2,141
	3.00 – 3.99%	3,835		225		113		2		—		4,175
	4.00% and Greater	8,902		33		—		—		—		8,935
	Total	$	15,518	$	287	$	159	$	599	$	194	$	16,757

Asia Pacific – Financial Solutions	Less than 1.00%	$	218	$	—	$	—	$	—	$	—	$	218
	1.00 – 1.99%	564		—		—		—		—		564
	2.00 – 2.99%	602		—		—		—		—		602
	3.00 – 3.99%	1,144		—		—		—		—		1,144
	4.00% and Greater	1,206		—		—		—		—		1,206
	Total	$	3,734	$	—	$	—	$	—	$	—	$	3,734


	June 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	521		1,118		—		—		—		1,639
	Total	$	521	$	1,118	$	—	$	—	$	—	$	1,639

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	—	$	—	$	—	$	—	$	—	$	—
	1.00 – 1.99%	1,759		14		16		70		40		1,899
	2.00 – 2.99%	1,724		13		57		637		31		2,462
	3.00 – 3.99%	4,515		249		70		—		—		4,834
	4.00% and Greater	8,717		42		—		—		—		8,759
	Total	$	16,715	$	318	$	143	$	707	$	71	$	17,954

Asia Pacific – Financial Solutions	Less than 1.00%	$	314	$	—	$	—	$	—	$	—	$	314
	1.00 – 1.99%	757		—		—		—		—		757
	2.00 – 2.99%	694		—		—		—		—		694
	3.00 – 3.99%	1,160		—		—		—		—		1,160
	4.00% and Greater	973		—		—		—		—		973
	Total	$	3,898	$	—	$	—	$	—	$	—	$	3,898

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	Jun. 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	$ 219	$ 183
Counterparty Credit Derivative Exposure	14
Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	10
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 36

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

3 Months Ended

6 Months Ended

Mar. 31, 2024

Jun. 30, 2024

Dec. 31, 2023

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1]

$ 1

$ 4

^[1],[2]

$ 2,373

1,475

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

^[1],[3]

8 years 6 months

6 years 4 months 24 days

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1]

$ (2)

^[1],[2]

$ 410

420

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

^[1],[3]

18 years 1 month 6 days

18 years

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1]

$ 4

^[1],[2]

$ 145

165

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

^[1],[3]

2 years 9 months 18 days

2 years 7 months 6 days

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1]

$ (1)

(1)

^[1],[2]

$ 1,803

880

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

^[1],[3]

5 years

4 years 2 months 12 days

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1]

$ 3

^[1],[2]

$ 1,948

1,045

Standard & Poor's, BB Rating [Member]

^[1],[3]

4 years 8 months 12 days

4 years

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

^[1],[2]

2 years 2 months 12 days

2 years

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1]

$ 0

(1)

^[1],[2]

$ 5

Standard & Poor's, B Rating

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

^[3]

0 years

1 year 8 months 12 days

Maximum Potential Future Exposure on Credit Risk Derivatives

^[1]

$ 0

^[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.

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

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

85,310,598,000,000

Common Stock Issuable [Member]

85,310,598,000,000

Treasury Stock, Shares, Acquired

85,310,598

Stock Based Compensation Shares

^[1]

Common Stock Held In Treasury [Member]

85,310,598

Treasury Stock, Shares, Acquired

19,689,885

18,634,390

(722,774)

Stock Based Compensation Shares

^[1]

(203,683)

(258,365)

Common Stock Outstanding [Member]

19,486,202

19,098,799

19,486,202

19,098,799

Treasury Stock, Shares, Acquired

65,620,713

66,676,208

(722,774)

Stock Based Compensation Shares

^[1]

(203,683)

(258,365)

65,824,396

66,211,799

65,824,396

66,211,799

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

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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Investments (Financing Receivables Past Due) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 8,076	$ 7,459
Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	8,019	7,431
Financial Asset, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	28	28
Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 29	$ 0

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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Document and Entity Information Document and Entity Information Entity Listings - NEW YORK STOCK EXCHANGE, INC. [Member]	6 Months Ended
	Jun. 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

Investments (Narrative) (Details) $ in Millions	6 Months Ended
Investments (Narrative) (Details) $ in Millions	Jun. 30, 2024 USD ($) securities	Jun. 30, 2023 USD ($)	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	$ 5,556		$ 5,683
Funds Held Under Reinsurance Agreements Asset Specific Client	$ 3,200
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions \| securities	6,778,000		5,788
Financing Receivable, before Allowance for Credit Loss	$ 8,076		$ 7,459
Real Estate Owned, Transfer to Real Estate Owned	47	$ 17
Mortgage Loans in Process of Foreclosure, Amount	23	36
Accounts Receivable, Noncurrent, Nonaccrual	29	$ 7
Real Estate Reclassified To Held For Use	$ 21
CALIFORNIA
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	13.10%
TEXAS
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	9.60%
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	2.50%
WASHINGTON
Investment Narrative [Line Items]
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	6.70%

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues
Net premiums	$ 3,920	$ 3,337	$ 9,296	$ 6,722
Net investment income	1,082	857	2,043	1,713
Investment related gains (losses), net	(271)	(123)	(420)	(200)
Other revenues	147	85	296	172
Total revenues	4,878	4,156	11,215	8,407
Benefits and expenses
Claims and other policy benefits	3,712	3,013	8,844	6,076
Liability for Future Policy Benefit, Remeasurement Gain (Loss)	(90)	13	(114)	(13)
Market Risk Benefit, Change in Fair Value, Gain (Loss)	(8)	(31)	(43)	(17)
Interest credited	231	209	485	424
Policy acquisition costs and other insurance expenses	391	349	778	680
Other operating expenses	301	275	584	525
Interest expense	72	63	140	116
Total benefits and expenses	4,609	3,891	10,674	7,791
Income before income taxes	269	265	541	616
Provision for income taxes	65	58	125	156
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	204	207	416	460
Net Income (Loss) Attributable to Noncontrolling Interest	1	2	3	3
Net income	$ 203	$ 205	$ 413	$ 457
Earnings per share
Basic earnings per share	$ 3.07	$ 3.09	$ 6.28	$ 6.86
Diluted earnings per share	$ 3.03	$ 3.05	$ 6.19	$ 6.77

Business and Basis of Presentation	6 Months Ended
Business and Basis of Presentation	Jun. 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.

Employee Benefit Plans

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

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 six months ended June 30, 2024 and 2023 were as follows (dollars in millions):


	Pension Benefits				Other Benefits
	Three months ended June 30,				Three months ended June 30,
	2024		2023		2024		2023
Service cost	$	4	$	4	$	1	$	1
Interest cost	2		3		—		—
Expected return on plan assets	(3)		(2)		—		—
Amortization of prior service cost (credit)	—		—		(1)		(1)
Amortization of prior actuarial losses	—		—		—		—

Net periodic benefit cost	$	3	$	5	$	—	$	—


	Pension Benefits				Other Benefits
	Six months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Service cost	$	7	$	7	$	1	$	1
Interest cost	5		5		1		1
Expected return on plan assets	(6)		(5)		—		—
Amortization of prior service cost (credit)	—		—		(1)		(1)
Amortization of prior actuarial losses	1		1		—		—

Net periodic benefit cost	$	7	$	8	$	1	$	1

The entire disclosure for retirement benefits.

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Stockholders' Equity Note [Abstract]

Equity (Tables)

6 Months Ended

Jun. 30, 2024

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)	—	(203,683)	203,683
Balance, June 30, 2024	85,310,598	19,486,202	65,824,396


	Issued	Held In Treasury	Outstanding
Balance, December 31, 2022	85,310,598	18,634,390	66,676,208
Common stock acquired	—	722,774	(722,774)
Equity based compensation (1)	—	(258,365)	258,365
Balance, June 30, 2023	85,310,598	19,098,799	66,211,799

(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 six months ended June 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	39		(1,625)		—		1,737		4		155
Amounts reclassified to (from) AOCI	—		304		—		—		—		304
Deferred income tax benefit (expense)	(21)		294		—		(382)		(1)		(110)
Balance, June 30, 2024	$	87	$	(4,695)	$	(29)	$	4,611	$	6	$	(20)


	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	169		687		11		(377)		—		490
Amounts reclassified to (from) AOCI	—		99		—		—		—		99
Deferred income tax benefit (expense)	(27)		(169)		(2)		82		—		(116)
Balance, June 30, 2023	$	26	$	(4,879)	$	(18)	$	3,460	$	13	$	(1,398)

Reclassification Out Of Accumulated Other Comprehensive Income

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


	Amount Reclassified from AOCI
	Three months ended June 30,				Six months ended June 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	$	(170)	$	(9)	$	(288)	$	(96)	Investment related gains (losses), net
Cash flow hedges – Interest rate	3		2		6		4		(1)
Cash flow hedges – Currency/Interest rate	(14)		(4)		(22)		(7)		(1)

Total	(181)		(11)		(304)		(99)
Provision for income taxes	37		5		61		23
Net unrealized gains (losses), net of tax	$	(144)	$	(6)	$	(243)	$	(76)
Amortization of defined benefit plan items:
Prior service cost (credit)	$	1	$	1	$	1	$	1	(2)
Actuarial gains (losses)	—		—		(1)		(1)		(2)
Total	1		1		—		—
Provision for income taxes	—		—		—		—
Amortization of defined benefit plans, net of tax	$	1	$	1	$	—	$	—

Total reclassifications for the period	$	(143)	$	(5)	$	(243)	$	(76)

(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.

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.

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

Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

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


June 30, 2024:			Fair Value Measurements Using:
	Total		Level 1		Level 2		Level 3
Assets: (1)
Fixed maturity securities available-for-sale:
Corporate	$	46,131	$	—	$	40,630	$	5,501
Canadian government	4,780		—		4,780		—
Japanese government	4,463		—		4,463		—
ABS	5,143		—		3,679		1,464
CMBS	2,120		—		2,088		32
RMBS	1,212		—		1,211		1
U.S. government	1,428		1,337		85		6
State and political subdivisions	1,042		—		1,021		21
Other foreign government	4,172		—		4,141		31
Total fixed maturity securities available-for-sale	70,491		1,337		62,098		7,056
Equity securities	144		70		—		74
Funds withheld at interest – embedded derivatives	(274)		—		—		(274)
Funds withheld at interest	55		—		—		55
Cash equivalents	3,030		3,025		5		—
Short-term investments	304		129		160		15
Other invested assets:
Derivatives	66		—		66		—

Other	19		—		19		—
Total other invested assets	85		—		85		—

Total	$	73,835	$	4,561	$	62,348	$	6,926
Liabilities:
Interest-sensitive contract liabilities – embedded derivatives	$	386	$	—	$	—	$	386

Funds withheld at interest – embedded derivatives	(206)		—		—		(206)
Derivatives – other liabilities	430		—		430		—
Total	$	610	$	—	$	430	$	180


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

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


	Estimated Fair Value				Valuation Technique	Unobservable Input	Range (Weighted Average)
	June 30, 2024		December 31, 2023				June 30, 2024	December 31, 2023
Assets:
Corporate	$	117	$	91	Market comparable securities	Liquidity premium	0-2% (1%)	0-2% (1%)
						EBITDA Multiple	6.7x-11.0x (9.0x)	6.0x-8.5x (7.1x)
ABS	288		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	33		31		Market comparable securities	Liquidity premium	4%	4%
						EBITDA Multiple	6.9x-12.4x (10.1x)	8.4x-12.3x (10.1x)
Funds withheld at interest – embedded derivatives	7		(50)		Total return swap	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (20%)	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	386		415		Discounted cash flow	Mortality	0-100% (3%)	0-100% (3%)
						Lapse	0-35% (19%)	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 June 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	$	5,079	$	33	$	1,398	$	27	$	69	$	—	$	10	$	(94)	$	55	$	(398)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	4		—		2		—		—		—		—		—		—		—
Investment related gains (losses), net	(24)		—		1		—		(4)		—		—		26		—		—



Interest credited	—		—		—		—		—		—		—		—		—		8
Included in other comprehensive income (loss)	(28)		(2)		2		—		—		—		—		—		—		—

Purchases (2)	764		—		142		—		9		—		7		—		—		(23)
Sales (2)	(63)		—		—		—		—		—		(1)		—		—		—
Settlements (2)	(232)		—		(99)		—		—		—		—		—		—		27
Transfers into Level 3	1		—		51		—		—		—		—		—		—		—
Transfers out of Level 3	—		—		—		—		—		—		(1)		—		—		—
Fair value, end of period	$	5,501	$	31	$	1,497	$	27	$	74	$	—	$	15	$	(68)	$	55	$	(386)
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	$	2	$	—	$	1	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Investment related gains (losses), net	(18)		—		—		—		(4)		—		—		26		—		—


Interest credited	—		—		—		—		—		—		—		—		—		18
Included in other comprehensive income (loss)	(27)		(2)		4		—		—		—		—		—		—		—

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


For the six months ended June 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	6		—		3		—		—		—		—		—		2		—
Investment related gains (losses), net	(48)		—		(1)		—		(7)		—		—		103		—		—



Interest credited	—		—		—		—		—		—		—		—		—		(12)
Included in other comprehensive income (loss)	(17)		(4)		4		—		—		—		—		—		(1)		—

Purchases (2)	1,192		—		188		—		11		—		15		—		1		(11)
Sales (2)	(182)		—		(23)		—		—		—		(1)		—		—		—
Settlements (2)	(350)		—		(159)		(1)		—		—		—		—		(1)		52
Transfers into Level 3	1		—		81		2		—		—		—		—		—		—
Transfers out of Level 3	(34)		—		(21)		—		—		—		(1)		—		—		—
Fair value, end of period	$	5,501	$	31	$	1,497	$	27	$	74	$	—	$	15	$	(68)	$	55	$	(386)
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	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	2	$	—
Investment related gains (losses), net	(45)		—		(3)		—		(7)		—		—		103		—		—


Interest credited	—		—		—		—		—		—		—		—		—		64
Included in other comprehensive income (loss)	(15)		(4)		6		—		—		—		—		—		(1)		—

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


For the three months ended June 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	$	4,613	$	37	$	1,461	$	28	$	68	$	1	$	7	$	29	$	53	$	(495)
Total gains/losses (realized/unrealized)
Included in earnings, net:
Net investment income	1		—		2		—		—		—		—		—		(1)		—
Investment related gains (losses), net	1		—		(2)		—		(2)		—		—		(20)		—		—

Interest credited	—		—		—		—		—		—		—		—		—		(5)

Included in other comprehensive income (loss)	(64)		(2)		11		1		—		—		—		—		2		—

Purchases (2)	192		—		17		—		6		—		—		—		1		9
Sales (2)	(32)		—		(4)		—		(4)		—		—		—		—		—
Settlements (2)	(59)		—		(60)		—		—		—		—		—		(2)		19
Transfers into Level 3	8		—		—		—		—		—		6		—		—		—
Transfers out of Level 3	(6)		—		(28)		—		—		(1)		(7)		—		—		—
Fair value, end of period	$	4,654	$	35	$	1,397	$	29	$	68	$	—	$	6	$	9	$	53	$	(472)
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	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	(1)	$	—
Investment related gains (losses), net	—		—		(2)		—		(2)		—		—		(20)		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(23)
Included in other comprehensive income (loss)	(65)		(2)		10		1		—		—		—		—		2		—

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


For the six months ended June 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	2		—		3		—		—		—		—		—		(3)		—
Investment related gains (losses), net	—		—		(1)		—		(2)		—		(1)		17		—		—

Interest credited	—		—		—		—		—		—		—		—		—		11

Included in other comprehensive income (loss)	(9)		—		44		—		—		—		—		—		3		—

Purchases (2)	510		—		115		—		8		1		1		—		1		10
Sales (2)	(32)		—		(4)		—		(4)		—		—		—		—		—
Settlements (2)	(118)		—		(122)		(1)		—		—		—		—		(2)		37
Transfers into Level 3	8		—		64		—		—		—		6		—		—		—
Transfers out of Level 3	(6)		—		(55)		(5)		—		(1)		(13)		—		—		—
Fair value, end of period	$	4,654	$	35	$	1,397	$	29	$	68	$	—	$	6	$	9	$	53	$	(472)
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	$	2	$	—	$	3	$	—	$	—	$	—	$	—	$	—	$	(3)	$	—
Investment related gains (losses), net	(2)		—		(2)		—		(2)		—		(1)		17		—		—


Interest credited	—		—		—		—		—		—		—		—		—		(25)
Included in other comprehensive income (loss)	(13)		—		43		—		—		—		—		—		3		—

(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]


June 30, 2024:	Carrying Value (1)		Estimated Fair Value		Fair Value Measurement Using:
					Level 1		Level 2		Level 3
Assets:
Mortgage loans	$	7,984	$	7,582	$	—	$	—	$	7,582
Policy loans	1,171		1,171		—		1,171		—
Funds withheld at interest	5,776		5,386		—		—		5,386
Limited partnerships – cost method	55		58		—		—		58
Cash and cash equivalents	1,566		1,566		1,566		—		—
Short-term investments	31		31		31		—		—
Other invested assets	1,033		843		3		72		768
Accrued investment income	881		881		—		881		—
Liabilities:
Interest-sensitive contract liabilities (2)	$	21,822	$	21,366	$	—	$	—	$	21,366
Funds withheld at interest	4,530		4,276		—		—		4,276
Long-term debt	5,067		4,865		—		—		4,865


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 June 30, 2024 and December 31, 2023, respectively.

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

Future Policy Benefits

6 Months Ended

Jun. 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. 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.

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 six months ended June 30, 2024 and 2023 (dollars in millions):


For the six months ended June 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	—			—			—			—
Effect of actual variances from expected experience	(398)			112			254			173
Adjusted balance, beginning of year	76,545			22,801			15,582			42,914
Issuances (1)	1,599			267			521			1,959
Interest accrual (2)	1,730			376			256			548
Net premiums collected (3)	(2,621)			(494)			(732)			(1,086)
Derecognition (4)	(1,000)			—			—			—
Foreign currency translation	(4)			(728)			(114)			(1,598)
Ending balance at original discount rate	76,249			22,222			15,513			42,737
Effect of changes in discount rate assumptions	(7,979)			(4,753)			(2,923)			(12,596)
Balance, end of period	$	68,270		$	17,469		$	12,590		$	30,141

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	—			—			—			—
Effect of actual variances from expected experience	(501)			106			259			144
Adjusted balance, beginning of year	88,535			26,381			17,015			47,514
Issuances (1)	1,599			268			523			1,959
Interest accrual (2)	2,015			483			277			628
Benefit payments (5)	(2,973)			(523)			(757)			(979)
Derecognition (4)	(1,008)			—			—			—
Foreign currency translation	(4)			(853)			(136)			(1,683)
Ending balance at original discount rate	88,164			25,756			16,922			47,439
Effect of changes in discount rate assumptions	(9,988)			(4,125)			(3,208)			(14,728)
Balance, end of period	$	78,176		$	21,631		$	13,714		$	32,711

Liability for future policy benefits	$	9,906		$	4,162		$	1,124		$	2,570
Less: reinsurance recoverable	(741)			(280)			(33)			(108)
Net liability for future policy benefits	$	9,165		$	3,882		$	1,091		$	2,462

Weighted average duration of the liability (in years)	12			15			8			15
Weighted average interest accretion rate	4.6		%	3.6		%	3.3		%	2.6		%
Weighted average current discount rate	5.6		%	5.0		%	5.7		%	4.8		%

(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 six months ended June 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	—			—			—			(8)
Effect of actual variances from expected experience	(83)			347			(51)			50
Adjusted balance, beginning of year	74,124			21,677			14,193			40,548
Issuances (1)	1,653			240			610			1,264
Interest accrual (2)	1,710			370			243			515
Net premiums collected (3)	(2,534)			(466)			(696)			(997)
Derecognition (4)	(35)			—			—			—
Foreign currency translation	3			498			445			(914)
Ending balance at original discount rate	74,921			22,319			14,795			40,416
Effect of changes in discount rate assumptions	(5,424)			(4,436)			(3,427)			(10,296)
Balance, end of period	$	69,497		$	17,883		$	11,368		$	30,120

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	—			—			—			(8)
Effect of actual variances from expected experience	(49)			347			(44)			27
Adjusted balance, beginning of year	85,236			25,002			15,410			44,804
Issuances (1)	1,653			240			610			1,264
Interest accrual (2)	1,972			474			259			588
Benefit payments (5)	(2,801)			(507)			(682)			(894)
Derecognition (4)	(54)			—			—			—
Foreign currency translation	4			580			488			(979)
Ending balance at original discount rate	86,010			25,789			16,085			44,783
Effect of changes in discount rate assumptions	(6,721)			(3,626)			(3,669)			(12,197)
Balance, end of period	$	79,289		$	22,163		$	12,416		$	32,586

Liability for future policy benefits	$	9,792		$	4,280		$	1,048		$	2,466
Less: reinsurance recoverable	(407)			(285)			(36)			(99)
Net liability for future policy benefits	$	9,385		$	3,995		$	1,012		$	2,367

Weighted average duration of the liability (in years)	12			15			8			17
Weighted average interest accretion rate	4.7		%	3.6		%	3.4		%	2.6		%
Weighted average current discount rate	5.1		%	4.6		%	6.1		%	4.2		%

(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.

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). The Company updates the underlying market data used to determine the current discount rate resulting in changes to the discount rate assumptions used to measure the liability for future policy benefits each period.

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

For the six months ended June 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

$11.9 billion

None

$(103) million

$(863) million

0.9% decrease

7.1% decrease

Canada – Traditional

$3.5 billion

None

$(6) million

$(243) million

0.2% decrease

6.8% decrease

Europe, Middle East and Africa – Traditional

$1.4 billion

None

$5 million

$(66) million

0.4% increase

4.6% decrease

Asia Pacific – Traditional

$4.7 billion

None

$(29) million

$(167) million

0.6% decrease

3.6% decrease

For the six months ended June 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

$11.1 billion

None

$34 million

$307 million

0.3% increase

2.8% increase

Canada – Traditional

$3.5 billion

None

$—

$184 million

None

5.5% increase

Europe, Middle East and Africa – Traditional

$1.3 billion

None

$7 million

$(73) million

0.6% increase

6.0% decrease

Asia Pacific – Traditional

$4.4 billion

None

$(23) million

$30 million

0.5% decrease

0.7% increase

Liability for Future Policy Benefits – Financial Solutions Business

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 six months ended June 30, 2024 and 2023 (dollars in millions):


For the six months ended June 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	—			—			—			—
Effect of actual variances from expected experience	(3)			(6)			897			(38)
Adjusted balance, beginning of year	1,452			3,178			55,729			2,019
Issuances (1)	2,175			4,975			8,901			5,497
Interest accrual (2)	22			61			864			12
Net premiums collected (3)	(2,246)			(4,182)			(2,839)			(5,755)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(100)			(736)			(249)
Ending balance at original discount rate	1,403			3,932			61,919			1,524
Effect of changes in discount rate assumptions	(262)			(311)			(9,325)			(150)
Balance, end of period	$	1,141		$	3,621		$	52,594		$	1,374

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	—			—			—			—
Effect of actual variances from expected experience	(6)			(6)			901			(39)
Adjusted balance, beginning of year	6,837			3,204			61,839			7,980
Issuances (1)	2,305			4,983			8,901			5,646
Interest accrual (2)	176			103			972			71
Benefit payments (5)	(322)			(195)			(2,350)			(193)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(92)			(787)			(1,304)
Ending balance at original discount rate	8,996			8,003			68,575			12,200
Effect of changes in discount rate assumptions	(616)			(231)			(10,267)			(1,029)
Balance, end of period	$	8,380		$	7,772		$	58,308		$	11,171

Cumulative amount of fair value hedging adjustments	$	(2)		$	—		$	—		$	—

Liability for future policy benefits	$	7,237		$	4,151		$	5,714		$	9,797
Less: reinsurance recoverable	(849)			—			—			—
Net liability for future policy benefits	$	6,388		$	4,151		$	5,714		$	9,797

Weighted average duration of the liability (in years)	8			13			10			15
Weighted average interest accretion rate	3.8		%	3.6		%	3.0		%	1.4		%
Weighted average current discount rate	5.5		%	4.9		%	5.2		%	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 six months ended June 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	—			—			1			—
Effect of actual variances from expected experience	(18)			(3)			200			(3)
Adjusted balance, beginning of year	1,653			3,391			38,983			1,602
Issuances (1)	146			—			4,929			2,163
Interest accrual (2)	26			54			428			12
Net premiums collected (3)	(225)			(168)			(2,186)			(1,528)
Derecognition (4)	—			—			—			—
Foreign currency translation	1			77			1,673			(164)
Ending balance at original discount rate	1,601			3,354			43,827			2,085
Effect of changes in discount rate assumptions	(255)			(356)			(10,656)			82
Balance, end of period	$	1,346		$	2,998		$	33,171		$	2,167

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	—			—			1			—
Effect of actual variances from expected experience	(23)			(10)			186			(4)
Adjusted balance, beginning of year	5,800			3,437			44,517			6,557
Issuances (1)	154			—			4,929			2,209
Interest accrual (2)	114			55			508			39
Benefit payments (5)	(270)			(166)			(1,782)			(132)
Derecognition (4)	—			—			—			—
Foreign currency translation	(16)			79			1,938			(686)
Ending balance at original discount rate	5,782			3,405			50,110			7,987
Effect of changes in discount rate assumptions	(551)			(354)			(11,829)			(209)
Balance, end of period	$	5,231		$	3,051		$	38,281		$	7,778

Liability for future policy benefits	$	3,885		$	53		$	5,110		$	5,611
Less: reinsurance recoverable	—			—			—			—
Net liability for future policy benefits	$	3,885		$	53		$	5,110		$	5,611

Weighted average duration of the liability (in years)	8			7			9			16
Weighted average interest accretion rate	3.6		%	3.2		%	2.1		%	1.2		%
Weighted average current discount rate	5.2		%	4.8		%	5.5		%	1.6		%

(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.

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). The Company updates the underlying market data used to determine the current discount rate resulting in changes to the discount rate assumptions used to measure the liability for future policy benefits.

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 six months ended June 30, 2024 and 2023 are summarized

in the tables below:

For the six months ended June 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

$7.6 billion

None

$(3) million

$(194) million

0.1% decrease

3.6% decrease

Canada – Financial Solutions

$4.1 billion

None

$—

$77 million

None

296.2% increase (1)

Europe, Middle East and Africa – Financial Solutions

$6.7 billion

None

$4 million

$(289) million

0.1% increase

4.7% decrease

Asia Pacific – Financial Solutions

$10.7 billion

None

$(1) million

$(107) million

None

1.8% decrease

(1)Increase compared to prior year was related to a significant transaction executed during the three months ended June 30, 2024.

For the six months ended June 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

$4.2 billion

None

$(5) million

$37 million

0.1% decrease

0.9% increase

Canada – Financial Solutions

$51 million

None

$(7) million

$1 million

13.2% decrease

2% increase

Europe, Middle East and Africa – Financial Solutions

$6.3 billion

None

$(14) million

$(259) million

0.3% decrease

4.63% decrease

Asia Pacific – Financial Solutions

$5.9 billion

None

$(1) million

$169 million

None

2.7% increase

Reconciliation and Other Disclosures

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


	June 30,
	2024		2023
Liability for future policy benefits included in the rollforwards:
Traditional:
U.S. and Latin America	$	9,906	$	9,792
Canada	4,162		4,280
Europe, Middle East and Africa	1,124		1,048
Asia Pacific	2,570		2,466
Financial Solutions:
U.S. and Latin America	7,237		3,885
Canada	4,151		53
Europe, Middle East and Africa	5,714		5,110
Asia Pacific	9,797		5,611
Other long-duration contracts	125		187
Claims liability and incurred but not reported claims	5,527		5,289
Unearned revenue liability	466		518
Total liability for future policy benefits	$	50,779	$	38,239

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


	June 30,
	2024				2023
	Undiscounted		Discounted		Undiscounted		Discounted
Expected future gross premiums
Traditional:
U.S. and Latin America	$	177,026	$	80,236	$	172,520	$	81,058
Canada	54,822		21,578		55,059		22,193
Europe, Middle East and Africa	26,345		14,357		25,185		13,178
Asia Pacific	96,035		38,402		91,057		38,197
Financial Solutions:
U.S. and Latin America	2,865		1,774		3,062		1,912
Canada	6,341		4,002		4,749		3,141
Europe, Middle East and Africa	111,756		57,128		67,116		36,502
Asia Pacific	3,578		2,660		3,939		3,257

Expected future benefit payments
Traditional:
U.S. and Latin America	$	185,828	$	78,176	$	181,424	$	79,289
Canada	56,587		21,631		58,011		22,163
Europe, Middle East and Africa	26,138		13,714		24,714		12,416
Asia Pacific	92,090		32,711		87,425		32,586
Financial Solutions:
U.S. and Latin America	14,431		8,380		9,066		5,231
Canada	17,846		7,772		4,608		3,051
Europe, Middle East and Africa	114,188		58,308		70,992		38,281
Asia Pacific	17,653		11,171		10,844		7,778

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 six months ended June 30, 2024 and 2023 is as follows (dollars in millions):


	Gross Premiums				Interest Expense
	June 30,				June 30,
	2024		2023		2024		2023
Traditional:
U.S. and Latin America	$	3,061	$	2,935	$	285	$	262
Canada	553		535		107		104
Europe, Middle East and Africa	732		697		21		16
Asia Pacific	1,381		1,257		80		73
Financial Solutions:
U.S. and Latin America	2,212		166		154		88
Canada	71		46		42		1
Europe, Middle East and Africa	429		335		108		80
Asia Pacific	96		108		59		27
Total	$	8,535	$	6,079	$	856	$	651

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

Investments (Limited Partnerships and Real Estate Joint Ventures) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	$ 2,791	$ 2,635
Equity Method Investments
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	956	925
Limited partnership Fair Value Member
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	911	856
Corporate Joint Venture
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	869	783
Limited Partnership Cost Method
Real Estate [Line Items]
Real Estate Investments, Joint Ventures	$ 55	$ 71

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

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Dec. 31, 2023

Dec. 31, 2022

$ 22,118

$ 23,543

$ 22,118

$ 23,543

Policyholder Account Balance, Increase (Decrease) from Other Change

231

209

485

424

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

Policyholder Account Balance, Issuance

1,581

1,639

1,581

1,639

$ 1,612

$ 1,683

Policyholder Account Balance, Policy Charge

(15)

Policyholder Account Balance, Surrender and Withdrawal

(4)

(8)

Policyholder Account Balance, Benefit Payment

(51)

(60)

Policyholder Account Balance Foreign Currency Translation

Policyholder Account Balance Reinsurance Recoverable

Policyholder Account Balance After Reinsurance

1,581

1,639

1,581

1,639

Policyholder Account Balance, Net Amount at Risk

^[1]

621

686

621

686

Policyholder Account Balance, Cash Surrender Value

$ 1,575

$ 1,624

$ 1,575

$ 1,624

Policyholder Account Balance, Weighted Average Crediting Rate

4.40%

4.00%

4.40%

4.00%

Insurance, Other | Americas [Member] | Other Segments

Policyholder Account Balance, Issuance

$ 16,757

$ 17,954

$ 16,757

$ 17,954

17,838

18,906

Policyholder Account Balance, Policy Charge

(40)

(17)

Policyholder Account Balance, Surrender and Withdrawal

(1,137)

(1,046)

Policyholder Account Balance, Benefit Payment

(252)

(238)

Policyholder Account Balance Foreign Currency Translation

289

283

Policyholder Account Balance Reinsurance Recoverable

(2,913)

(1,519)

(2,913)

(1,519)

Policyholder Account Balance After Reinsurance

13,844

16,435

13,844

16,435

Policyholder Account Balance, Net Amount at Risk

^[1]

6,849

2,439

6,849

2,439

Policyholder Account Balance, Cash Surrender Value

$ 16,644

$ 17,907

$ 16,644

$ 17,907

Policyholder Account Balance, Weighted Average Crediting Rate

3.40%

3.30%

3.40%

3.30%

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

Policyholder Account Balance, Issuance

$ 3,734

$ 3,898

$ 3,734

$ 3,898

$ 3,990

$ 3,351

585

605

Policyholder Account Balance, Policy Charge

(74)

(1)

Policyholder Account Balance, Surrender and Withdrawal

(510)

(50)

Policyholder Account Balance, Benefit Payment

(292)

(43)

Policyholder Account Balance Foreign Currency Translation

(17)

Policyholder Account Balance Reinsurance Recoverable

Policyholder Account Balance After Reinsurance

3,734

3,898

3,734

3,898

Policyholder Account Balance, Net Amount at Risk

^[1]

Policyholder Account Balance, Cash Surrender Value

$ 3,269

$ 3,695

$ 3,269

$ 3,695

Policyholder Account Balance, Weighted Average Crediting Rate

3.20%

2.90%

3.20%

2.90%

[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.

Investments

6 Months Ended

Jun. 30, 2024

Investments [Abstract]

Investments

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 June 30, 2024 and December 31, 2023 (dollars in millions):


June 30, 2024:	Amortized Cost		Allowance for Credit Losses		Unrealized Gains		Unrealized Losses		Estimated Fair Value		% of Total
Available-for-sale:
Corporate	$	50,053	$	95	$	516	$	4,343	$	46,131	65.4	%
Canadian government	4,520		—		331		71		4,780		6.8
Japanese government	5,297		—		1		835		4,463		6.3
ABS	5,302		15		45		189		5,143		7.3
CMBS	2,242		1		19		140		2,120		3.0
RMBS	1,307		—		14		109		1,212		1.7
U.S. government	1,681		—		3		256		1,428		2.0
State and political subdivisions	1,188		—		4		150		1,042		1.6
Other foreign government	4,571		—		31		430		4,172		5.9
Total fixed maturity securities	$	76,161	$	111	$	964	$	6,523	$	70,491	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Fixed maturity securities guaranteed or issued by:
Japanese government	$	5,297	$	4,463	$	3,630	$	3,131
U.S. government	1,681		1,428		2,725		2,520
Canadian province of Quebec	1,571		1,744		1,467		1,748
Canadian province of Ontario	1,157		1,225		1,019		1,125

The amortized cost and estimated fair value of fixed maturity securities classified as available-for-sale as of June 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	$	1,347	$	1,351
Due after one year through five years	11,719		11,557
Due after five years through ten years	12,784		12,221
Due after ten years	41,460		36,887
Structured securities	8,851		8,475
Total	$	76,161	$	70,491

Corporate Fixed Maturity Securities

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


June 30, 2024:	Amortized Cost		Estimated Fair Value		% of Total
Finance	$	16,448	$	15,090	32.7	%
Industrial	26,154		24,306		52.7
Utility	7,451		6,735		14.6

Total	$	50,053	$	46,131	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 six months ended June 30, 2024 and 2023 (dollars in millions):


	Corporate		ABS		CMBS		Total
For the three months ended June 30, 2024:
Balance, beginning of period	$	79	$	15	$	1	$	95
Credit losses recognized on securities for which credit losses were not previously recorded	2		—		—		2

Reductions for securities sold during the period	(1)		—		—		(1)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	14		—		—		14

Write-offs charged against the allowance	1		—		—		1
Balance, end of period	$	95	$	15	$	1	$	111
For the three months ended June 30, 2023:
Balance, beginning of period	$	69	$	10	$	—	$	79
Credit losses recognized on securities for which credit losses were not previously recorded	1		—		1		2

Reductions for securities sold during the period	(7)		—		—		(7)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	(1)		2		—		1
Write-offs charged against the allowance	—		—		—		—

Balance, end of period	$	62	$	12	$	1	$	75


	Corporate		ABS		CMBS		Total
For the six months ended June 30, 2024:
Balance, beginning of period	$	62	$	12	$	1	$	75
Credit losses recognized on securities for which credit losses were not previously recorded	32		—		—		32
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	9		3		—		12
Write-offs charged against the allowance	1		—		—		1
Balance, end of period	$	95	$	15	$	1	$	111
For the six months ended June 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	1		2		—		3
Write-offs charged against the allowance	—		—		—		—
Balance, end of period	$	62	$	12	$	1	$	75

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 6,778 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 June 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
June 30, 2024:	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
Investment grade securities:
Corporate	$	8,885	$	217	$	22,555	$	4,043	$	31,440	$	4,260
Canadian government	404		15		449		56		853		71
Japanese government	2,293		187		2,136		648		4,429		835
ABS	794		8		2,310		175		3,104		183
CMBS	270		2		1,225		129		1,495		131
RMBS	137		1		721		108		858		109
U.S. government	422		4		736		252		1,158		256
State and political subdivisions	114		4		785		146		899		150
Other foreign government	726		11		2,110		362		2,836		373
Total investment grade securities	14,045		449		33,027		5,919		47,072		6,368
Below investment grade securities:
Corporate	$	352	$	8	$	476	$	68	$	828	$	76

ABS	9		1		44		5		53		6
CMBS	—		—		—		—		—		—
Other foreign government	—		—		194		57		194		57
Total below investment grade securities	361		9		714		130		1,075		139
Total fixed maturity securities	$	14,406	$	458	$	33,741	$	6,049	$	48,147	$	6,507


	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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale	$	881	$	683	$	1,641	$	1,328
Equity securities	1		1		3		3
Mortgage loans	97		80		187		154
Policy loans	14		13		28		26
Funds withheld at interest	76		80		165		152
Limited partnerships and real estate joint ventures	21		19		28		73
Short-term investments and cash and cash equivalents	44		22		78		43

Other invested assets	(3)		3		1		12
Investment income	1,131		901		2,131		1,791
Investment expense	(49)		(44)		(88)		(78)
Net investment income	$	1,082	$	857	$	2,043	$	1,713

Investment Related Gains (Losses), Net

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


	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale:
Change in allowance for credit losses	$	(16)	$	4	$	(36)	$	(38)
Impairments on fixed maturity securities	(1)		—		(1)		(1)
Realized gains on investment activity	68		11		100		42
Realized losses on investment activity	(230)		(37)		(364)		(112)
Net gains (losses) on equity securities	(5)		(4)		(1)		(2)
Change in mortgage loan allowance for credit losses	2		(9)		(8)		(6)
Limited partnerships and real estate joint venture impairment losses	—		—		(8)		—
Change in fair value of certain limited partnership investments	—		10		1		7
Net losses on freestanding derivatives	(119)		(93)		(218)		(124)
Net gains (losses) on embedded derivatives	26		(20)		103		17
Other, net	4		15		12		17
Total investment related gains (losses), net	$	(271)	$	(123)	$	(420)	$	(200)

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 June 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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Invested assets on deposit (regulatory deposits)	$	12	$	9	$	12	$	9
Invested assets pledged as collateral	1,108		960		572		517
Invested assets received as collateral	n/a		2,040		n/a		1,827
Assets in trust held to satisfy collateral requirements	42,810		39,907		32,758		30,359
FHLB common stock restricted as to sale	73		73		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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 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	$	1,040	$	1,315	$	—	$	732	$	1,013	$	—
Repurchase/reverse repurchase transactions	1,683		713		858		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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 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	$	—	$	75	$	134	$	190	$	399	$	—	$	—	$	94	$	41	$	135

Japanese government	—		—		295		226		521		—		88		—		480		568
ABS	—		—		—		24		24		—		—		—		—		—
CMBS	—		—		—		47		47		—		—		—		—		—
RMBS	—		—		—		14		14		—		—		—		—		—
U.S. government	—		—		—		9		9		—		—		—		—		—
State and political subdivisions	—		—		—		6		6		—		—		—		11		11
Other foreign government	—		—		11		9		20		—		—		13		5		18
Total	—		75		440		525		1,040		—		88		107		537		732
Repurchase/reverse repurchase transactions:
Corporate	—		—		—		513		513		—		—		—		553		553

Japanese government	—		—		—		376		376		—		—		—		158		158
ABS	—		—		—		318		318		—		—		—		229		229
CMBS	—		—		—		266		266		—		—		—		221		221
RMBS	—		—		—		51		51		—		—		—		52		52
U.S. government	—		—		—		60		60		—		—		—		14		14

Other foreign government	—		—		—		99		99		—		—		—		106		106
Total	—		—		—		1,683		1,683		—		—		—		1,333		1,333
Total transactions	$	—	$	75	$	440	$	2,208	$	2,723	$	—	$	88	$	107	$	1,870	$	2,065

Mortgage Loans

As of June 30, 2024, mortgage loans were geographically dispersed throughout the U.S. with the largest concentrations in California (13.1%), Texas (9.6%) and Washington (6.7%), in addition to loans secured by properties in Canada (7.6%) and the United Kingdom (2.5%). 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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024				December 31, 2023
Property type:	Carrying Value		% of Total		Carrying Value		% of Total
Office	$	1,702	21.1	%	$	1,700	22.8	%
Retail	2,670		33.1		2,437		32.7
Industrial	2,270		28.0		1,947		26.1
Apartment	980		12.1		913		12.2
Hotel	408		5.1		413		5.5
Other commercial	46		0.6		49		0.7
Recorded investment	8,076		100.0	%	7,459		100.0	%
Unamortized balance of loan origination fees and expenses	(17)				(15)
Allowance for credit losses	(75)				(67)
Total mortgage loans	$	7,984			$	7,377

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


	June 30, 2024				December 31, 2023
	Recorded Investment		% of Total		Recorded Investment		% of Total
Due within five years	$	3,684	45.6	%	$	3,228	43.3	%
Due after five years through ten years	3,494		43.3		3,334		44.7
Due after ten years	898		11.1		897		12.0
Total	$	8,076	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 June 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
June 30, 2024:
Loan-to-Value Ratio
0% – 59.99%	$	4,190	$	224	$	84	$	11	$	4,509	55.8	%
60% – 69.99%	1,979		220		35		44		2,278		28.2
70% – 79.99%	770		118		15		—		903		11.2
80% or greater	226		55		105		—		386		4.8
Total	$	7,165	$	617	$	239	$	55	$	8,076	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	Recorded Investment
	Year of Origination
	2024		2023		2022		2021		2020		Prior		Total
June 30, 2024:
Internal credit quality grade:
High investment grade	$	247	$	472	$	659	$	619	$	269	$	2,194	$	4,460
Investment grade	346		754		707		433		241		789		3,270
Average	—		12		—		—		18		252		282
Watch list	—		—		—		—		—		41		41
In or near default	—		—		—		—		—		23		23
Total	$	593	$	1,238	$	1,366	$	1,052	$	528	$	3,299	$	8,076


	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024		December 31, 2023
Current	$	8,019	$	7,431
31 – 60 days past due	28		28

Greater than 90 days past due	29		—
Total	$	8,076	$	7,459

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


	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Balance, beginning of period	$	77	$	48	$	67	$	51
Change in allowance for credit losses	(2)		9		8		6

Balance, end of period	$	75	$	57	$	75	$	57

During the six months ended June 30, 2024, the Company modified six 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 were $47 million as of June 30, 2024. During the six months ended June 30, 2023, the Company modified two mortgage loans to interest only payments. The total recorded investment before allowance for credit losses for mortgage loans that were modified were $17 million as of June 30, 2023.

During the six months ended June 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 six months ended June 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 two mortgage loans in the amount of $29 million and one mortgage loan in the amount of $7 million that were on nonaccrual status as of June 30, 2024 and 2023, respectively. The Company did not acquire any impaired mortgage loans during the six months ended June 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 June 30, 2024, $3.2 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 June 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	June 30, 2024		December 31, 2023
Limited partnerships – equity method	$	956	$	925
Limited partnerships – fair value	911		856
Limited partnerships – cost method	55		71
Real estate joint ventures	869		783
Total limited partnerships and real estate joint ventures	$	2,791	$	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 June 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 June 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	June 30, 2024		December 31, 2023

Lifetime mortgages	$	951	$	944
Derivatives	66		97
FHLB common stock	73		63
Other	58		67
Total other invested assets	$	1,148	$	1,171

Equity Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense	$ 26	$ 22
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	1,346,614
Options exercisable, weighted average price (per share)	$ 119.60
Options, remaining term	4 years 4 months 24 days
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 53
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	10 months 24 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

Investments (Borrowed Securities Repurchased Securities And Repurchased Reversed Repurchased Securities) (Details) - USD ($)
$ in Millions

Jun. 30, 2024

Dec. 31, 2023

Securities Financing Transaction [Line Items]

Securities Loaned, Fair Value of Collateral

$ 1,040

$ 732

Securities Financing Transaction, Fair Value

Securities Financing Transaction [Line Items]

Securities Loaned

^[1]

1,040

732

Securities Borrowed

^[2]

1,315

1,013

Cash Collateral for Borrowed Securities

^[3]

Securities Sold under Agreements to Repurchase

Securities Financing Transaction [Line Items]

Securities Loaned

^[1]

1,683

1,333

Securities Borrowed

^[2]

713

517

Cash Collateral for Borrowed Securities

^[3]

$ 858

$ 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.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 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

Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Schedule Of Defined Benefit Plans Disclosures Text Block


	Pension Benefits				Other Benefits
	Three months ended June 30,				Three months ended June 30,
	2024		2023		2024		2023
Service cost	$	4	$	4	$	1	$	1
Interest cost	2		3		—		—
Expected return on plan assets	(3)		(2)		—		—
Amortization of prior service cost (credit)	—		—		(1)		(1)
Amortization of prior actuarial losses	—		—		—		—

Net periodic benefit cost	$	3	$	5	$	—	$	—


	Pension Benefits				Other Benefits
	Six months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Service cost	$	7	$	7	$	1	$	1
Interest cost	5		5		1		1
Expected return on plan assets	(6)		(5)		—		—
Amortization of prior service cost (credit)	—		—		(1)		(1)
Amortization of prior actuarial losses	1		1		—		—

Net periodic benefit cost	$	7	$	8	$	1	$	1

Income Tax (Provision for Income Tax Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 65	$ 58	$ 125	$ 156
Effective Income Tax Rate Reconciliation, Percent	24.30%	21.70%	23.10%	25.20%

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

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
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-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

Accounting Changes and Error Corrections [Abstract]

New Accounting Standards

6 Months Ended

Jun. 30, 2024

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 not be material to the Company’s 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 not be material to the Company’s results of operations or financial position.

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	457
Other Comprehensive Income (Loss), Net of Tax	473
Dividends, Common Stock, Cash	(107)			(107)
Treasury Stock, Value, Acquired, Cost Method	(119)					119
Stock Issued During Period, Value, Treasury Stock Reissued	(20)		(20)	(36)		(36)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(3)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	460
Net Income (Loss) Attributable to Noncontrolling Interest	3
Stockholders' Equity Attributable to Parent	7,626	1	2,506	8,336	(1,461)	(1,756)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	7,716
Stockholders' Equity Attributable to Noncontrolling Interest	90
Net income	205
Other Comprehensive Income (Loss), Net of Tax	63				63
Dividends, Common Stock, Cash	(54)			(54)
Treasury Stock, Value, Acquired, Cost Method	(52)					52
Stock Issued During Period, Value, Treasury Stock Reissued	(17)		(16)	(4)		(5)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(2)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	207
Net Income (Loss) Attributable to Noncontrolling Interest	2
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
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	413
Other Comprehensive Income (Loss), Net of Tax	349				349
Dividends, Common Stock, Cash	(112)			(112)
Treasury Stock, Value, Acquired, Cost Method	(19)					19
Stock Issued During Period, Value, Treasury Stock Reissued	(23)		(23)	(30)		(30)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(3)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	416
Net Income (Loss) Attributable to Noncontrolling Interest	3
Stockholders' Equity Attributable to Parent	9,468	1	2,549	8,934	(125)	(1,891)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	9,558
Stockholders' Equity Attributable to Noncontrolling Interest	90
Net income	203
Other Comprehensive Income (Loss), Net of Tax	105				105
Dividends, Common Stock, Cash	(56)			(56)
Treasury Stock, Value, Acquired, Cost Method	(3)					3
Stock Issued During Period, Value, Treasury Stock Reissued	(18)		(18)	(5)		(5)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(1)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	204
Net Income (Loss) Attributable to Noncontrolling Interest	1
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

Future Policy Benefits (Tables)

6 Months Ended

Jun. 30, 2024

Liability for Future Policy Benefit, Activity

Liability for Future Policy Benefits – Traditional Business


For the six months ended June 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	—			—			—			—
Effect of actual variances from expected experience	(398)			112			254			173
Adjusted balance, beginning of year	76,545			22,801			15,582			42,914
Issuances (1)	1,599			267			521			1,959
Interest accrual (2)	1,730			376			256			548
Net premiums collected (3)	(2,621)			(494)			(732)			(1,086)
Derecognition (4)	(1,000)			—			—			—
Foreign currency translation	(4)			(728)			(114)			(1,598)
Ending balance at original discount rate	76,249			22,222			15,513			42,737
Effect of changes in discount rate assumptions	(7,979)			(4,753)			(2,923)			(12,596)
Balance, end of period	$	68,270		$	17,469		$	12,590		$	30,141

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	—			—			—			—
Effect of actual variances from expected experience	(501)			106			259			144
Adjusted balance, beginning of year	88,535			26,381			17,015			47,514
Issuances (1)	1,599			268			523			1,959
Interest accrual (2)	2,015			483			277			628
Benefit payments (5)	(2,973)			(523)			(757)			(979)
Derecognition (4)	(1,008)			—			—			—
Foreign currency translation	(4)			(853)			(136)			(1,683)
Ending balance at original discount rate	88,164			25,756			16,922			47,439
Effect of changes in discount rate assumptions	(9,988)			(4,125)			(3,208)			(14,728)
Balance, end of period	$	78,176		$	21,631		$	13,714		$	32,711

Liability for future policy benefits	$	9,906		$	4,162		$	1,124		$	2,570
Less: reinsurance recoverable	(741)			(280)			(33)			(108)
Net liability for future policy benefits	$	9,165		$	3,882		$	1,091		$	2,462

Weighted average duration of the liability (in years)	12			15			8			15
Weighted average interest accretion rate	4.6		%	3.6		%	3.3		%	2.6		%
Weighted average current discount rate	5.6		%	5.0		%	5.7		%	4.8		%

(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 six months ended June 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	—			—			—			(8)
Effect of actual variances from expected experience	(83)			347			(51)			50
Adjusted balance, beginning of year	74,124			21,677			14,193			40,548
Issuances (1)	1,653			240			610			1,264
Interest accrual (2)	1,710			370			243			515
Net premiums collected (3)	(2,534)			(466)			(696)			(997)
Derecognition (4)	(35)			—			—			—
Foreign currency translation	3			498			445			(914)
Ending balance at original discount rate	74,921			22,319			14,795			40,416
Effect of changes in discount rate assumptions	(5,424)			(4,436)			(3,427)			(10,296)
Balance, end of period	$	69,497		$	17,883		$	11,368		$	30,120

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	—			—			—			(8)
Effect of actual variances from expected experience	(49)			347			(44)			27
Adjusted balance, beginning of year	85,236			25,002			15,410			44,804
Issuances (1)	1,653			240			610			1,264
Interest accrual (2)	1,972			474			259			588
Benefit payments (5)	(2,801)			(507)			(682)			(894)
Derecognition (4)	(54)			—			—			—
Foreign currency translation	4			580			488			(979)
Ending balance at original discount rate	86,010			25,789			16,085			44,783
Effect of changes in discount rate assumptions	(6,721)			(3,626)			(3,669)			(12,197)
Balance, end of period	$	79,289		$	22,163		$	12,416		$	32,586

Liability for future policy benefits	$	9,792		$	4,280		$	1,048		$	2,466
Less: reinsurance recoverable	(407)			(285)			(36)			(99)
Net liability for future policy benefits	$	9,385		$	3,995		$	1,012		$	2,367

Weighted average duration of the liability (in years)	12			15			8			17
Weighted average interest accretion rate	4.7		%	3.6		%	3.4		%	2.6		%
Weighted average current discount rate	5.1		%	4.6		%	6.1		%	4.2		%

(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 six months ended June 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

$11.9 billion

None

$(103) million

$(863) million

0.9% decrease

7.1% decrease

Canada – Traditional

$3.5 billion

None

$(6) million

$(243) million

0.2% decrease

6.8% decrease

Europe, Middle East and Africa – Traditional

$1.4 billion

None

$5 million

$(66) million

0.4% increase

4.6% decrease

Asia Pacific – Traditional

$4.7 billion

None

$(29) million

$(167) million

0.6% decrease

3.6% decrease

For the six months ended June 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

$11.1 billion

None

$34 million

$307 million

0.3% increase

2.8% increase

Canada – Traditional

$3.5 billion

None

$—

$184 million

None

5.5% increase

Europe, Middle East and Africa – Traditional

$1.3 billion

None

$7 million

$(73) million

0.6% increase

6.0% decrease

Asia Pacific – Traditional

$4.4 billion

None

$(23) million

$30 million

0.5% decrease

0.7% increase

Liability for Future Policy Benefits – Financial Solutions Business


For the six months ended June 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	—			—			—			—
Effect of actual variances from expected experience	(3)			(6)			897			(38)
Adjusted balance, beginning of year	1,452			3,178			55,729			2,019
Issuances (1)	2,175			4,975			8,901			5,497
Interest accrual (2)	22			61			864			12
Net premiums collected (3)	(2,246)			(4,182)			(2,839)			(5,755)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(100)			(736)			(249)
Ending balance at original discount rate	1,403			3,932			61,919			1,524
Effect of changes in discount rate assumptions	(262)			(311)			(9,325)			(150)
Balance, end of period	$	1,141		$	3,621		$	52,594		$	1,374

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	—			—			—			—
Effect of actual variances from expected experience	(6)			(6)			901			(39)
Adjusted balance, beginning of year	6,837			3,204			61,839			7,980
Issuances (1)	2,305			4,983			8,901			5,646
Interest accrual (2)	176			103			972			71
Benefit payments (5)	(322)			(195)			(2,350)			(193)
Derecognition (4)	—			—			—			—
Foreign currency translation	—			(92)			(787)			(1,304)
Ending balance at original discount rate	8,996			8,003			68,575			12,200
Effect of changes in discount rate assumptions	(616)			(231)			(10,267)			(1,029)
Balance, end of period	$	8,380		$	7,772		$	58,308		$	11,171

Cumulative amount of fair value hedging adjustments	$	(2)		$	—		$	—		$	—

Liability for future policy benefits	$	7,237		$	4,151		$	5,714		$	9,797
Less: reinsurance recoverable	(849)			—			—			—
Net liability for future policy benefits	$	6,388		$	4,151		$	5,714		$	9,797

Weighted average duration of the liability (in years)	8			13			10			15
Weighted average interest accretion rate	3.8		%	3.6		%	3.0		%	1.4		%
Weighted average current discount rate	5.5		%	4.9		%	5.2		%	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 six months ended June 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	—			—			1			—
Effect of actual variances from expected experience	(18)			(3)			200			(3)
Adjusted balance, beginning of year	1,653			3,391			38,983			1,602
Issuances (1)	146			—			4,929			2,163
Interest accrual (2)	26			54			428			12
Net premiums collected (3)	(225)			(168)			(2,186)			(1,528)
Derecognition (4)	—			—			—			—
Foreign currency translation	1			77			1,673			(164)
Ending balance at original discount rate	1,601			3,354			43,827			2,085
Effect of changes in discount rate assumptions	(255)			(356)			(10,656)			82
Balance, end of period	$	1,346		$	2,998		$	33,171		$	2,167

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	—			—			1			—
Effect of actual variances from expected experience	(23)			(10)			186			(4)
Adjusted balance, beginning of year	5,800			3,437			44,517			6,557
Issuances (1)	154			—			4,929			2,209
Interest accrual (2)	114			55			508			39
Benefit payments (5)	(270)			(166)			(1,782)			(132)
Derecognition (4)	—			—			—			—
Foreign currency translation	(16)			79			1,938			(686)
Ending balance at original discount rate	5,782			3,405			50,110			7,987
Effect of changes in discount rate assumptions	(551)			(354)			(11,829)			(209)
Balance, end of period	$	5,231		$	3,051		$	38,281		$	7,778

Liability for future policy benefits	$	3,885		$	53		$	5,110		$	5,611
Less: reinsurance recoverable	—			—			—			—
Net liability for future policy benefits	$	3,885		$	53		$	5,110		$	5,611

Weighted average duration of the liability (in years)	8			7			9			16
Weighted average interest accretion rate	3.6		%	3.2		%	2.1		%	1.2		%
Weighted average current discount rate	5.2		%	4.8		%	5.5		%	1.6		%

(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.

in the tables below:

For the six months ended June 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

$7.6 billion

None

$(3) million

$(194) million

0.1% decrease

3.6% decrease

Canada – Financial Solutions

$4.1 billion

None

$—

$77 million

None

296.2% increase (1)

Europe, Middle East and Africa – Financial Solutions

$6.7 billion

None

$4 million

$(289) million

0.1% increase

4.7% decrease

Asia Pacific – Financial Solutions

$10.7 billion

None

$(1) million

$(107) million

None

1.8% decrease

(1)Increase compared to prior year was related to a significant transaction executed during the three months ended June 30, 2024.

For the six months ended June 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

$4.2 billion

None

$(5) million

$37 million

0.1% decrease

0.9% increase

Canada – Financial Solutions

$51 million

None

$(7) million

$1 million

13.2% decrease

2% increase

Europe, Middle East and Africa – Financial Solutions

$6.3 billion

None

$(14) million

$(259) million

0.3% decrease

4.63% decrease

Asia Pacific – Financial Solutions

$5.9 billion

None

$(1) million

$169 million

None

2.7% increase

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


	June 30,
	2024		2023
Liability for future policy benefits included in the rollforwards:
Traditional:
U.S. and Latin America	$	9,906	$	9,792
Canada	4,162		4,280
Europe, Middle East and Africa	1,124		1,048
Asia Pacific	2,570		2,466
Financial Solutions:
U.S. and Latin America	7,237		3,885
Canada	4,151		53
Europe, Middle East and Africa	5,714		5,110
Asia Pacific	9,797		5,611
Other long-duration contracts	125		187
Claims liability and incurred but not reported claims	5,527		5,289
Unearned revenue liability	466		518
Total liability for future policy benefits	$	50,779	$	38,239

Undiscounted and Discounted Future Gross Premiums and Expected Future Benefits


	June 30,
	2024				2023
	Undiscounted		Discounted		Undiscounted		Discounted
Expected future gross premiums
Traditional:
U.S. and Latin America	$	177,026	$	80,236	$	172,520	$	81,058
Canada	54,822		21,578		55,059		22,193
Europe, Middle East and Africa	26,345		14,357		25,185		13,178
Asia Pacific	96,035		38,402		91,057		38,197
Financial Solutions:
U.S. and Latin America	2,865		1,774		3,062		1,912
Canada	6,341		4,002		4,749		3,141
Europe, Middle East and Africa	111,756		57,128		67,116		36,502
Asia Pacific	3,578		2,660		3,939		3,257

Expected future benefit payments
Traditional:
U.S. and Latin America	$	185,828	$	78,176	$	181,424	$	79,289
Canada	56,587		21,631		58,011		22,163
Europe, Middle East and Africa	26,138		13,714		24,714		12,416
Asia Pacific	92,090		32,711		87,425		32,586
Financial Solutions:
U.S. and Latin America	14,431		8,380		9,066		5,231
Canada	17,846		7,772		4,608		3,051
Europe, Middle East and Africa	114,188		58,308		70,992		38,281
Asia Pacific	17,653		11,171		10,844		7,778

Gross Premiums And Interest Expense Liability Future Policy Benefits


	Gross Premiums				Interest Expense
	June 30,				June 30,
	2024		2023		2024		2023
Traditional:
U.S. and Latin America	$	3,061	$	2,935	$	285	$	262
Canada	553		535		107		104
Europe, Middle East and Africa	732		697		21		16
Asia Pacific	1,381		1,257		80		73
Financial Solutions:
U.S. and Latin America	2,212		166		154		88
Canada	71		46		42		1
Europe, Middle East and Africa	429		335		108		80
Asia Pacific	96		108		59		27
Total	$	8,535	$	6,079	$	856	$	651

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

Investments (Mortgage Loans by Credit Quality Indicator) (Details) - USD ($) $ in Millions	Jun. 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	$ 8,076	$ 7,459
Construction Loan	$ 55	$ 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	$ 4,509	$ 4,017
Construction Loan	$ 11	$ 46
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	55.80%	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	$ 2,278	$ 2,145
Construction Loan	$ 44	$ 0
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	28.20%	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	$ 903	$ 929
Construction Loan	$ 0	$ 0
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	11.20%	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	$ 386	$ 368
Construction Loan	$ 0	$ 0
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	4.80%	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	$ 7,165	$ 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	4,190	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	1,979	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	770	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	226	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	617	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	224	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	220	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	118	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	239	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	84	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	35	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	15	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	$ 105	$ 100

Unpaid Claims and Claims Expense Short Duration Contracts

3 Months Ended

Jun. 30, 2024

Short-Duration Insurance and Deposit Contracts [Text Block]

UNPAID CLAIMS AND CLAIM EXPENSE – SHORT-DURATION CONTRACTS

Rollforward of Claims and Claim Adjustment Expenses


	Six months ended June 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	771		789
Prior years	(55)		(55)
Total incurred	716		734
Payments:
Current year	(107)		(119)
Prior years	(532)		(539)
Total payments	(639)		(658)
Other changes:
Interest accretion	19		17
Foreign exchange adjustments	(46)		(7)
Total other changes	(27)		10

Net balance, end of period	2,700		2,509
Plus: reinsurance recoverable	69		70
Balance, end of period	$	2,769	$	2,579

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.

Reinsurance (Funds Withheld) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	$ 5,556	$ 5,683
Fixed Maturities [Member]
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	2,326	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	429	451
Funds withheld at interest
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	1,496	1,545
Partnership
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	35	35
Short-term Investments [Member]
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	34	30
Accrued Income Receivable
Reinsurance Funds Withheld Assets [Line Items]
Funds withheld at interest	27	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	$ 4,349	$ 4,534

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional Amount	$ 35,745	$ 32,104
Carrying Value / Fair Value of Assets	106	154
Derivative Liability, Fair Value, Gross Liability	470	254
Derivative Asset, Subject to Master Netting Arrangement, after Offset	429	510
Derivative Liability, Subject to Master Netting Arrangement, after Offset	1,247	1,196
Not Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	28,298	27,306
Carrying Value / Fair Value of Assets	406	478
Derivative Liability, Fair Value, Gross Liability	838	949
Not Designated as Hedging Instrument \| Interest Rate Swaps
Derivative [Line Items]
Notional Amount	1,719	1,609
Carrying Value / Fair Value of Assets	4	4
Derivative Liability, Fair Value, Gross Liability	15	3
Not Designated as Hedging Instrument \| Foreign Currency Forwards
Derivative [Line Items]
Notional Amount	1,727	809
Derivative Asset, Subject to Master Netting Arrangement, after Offset	13	36
Derivative Liability, Subject to Master Netting Arrangement, after Offset	39	0
Not Designated as Hedging Instrument \| Financial Futures
Derivative [Line Items]
Notional Amount	204	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	433	468
Carrying Value / Fair Value of Assets	7	11
Derivative Liability, Fair Value, Gross Liability	2	3
Not Designated as Hedging Instrument \| Synthetic Guaranteed Investment Contracts
Derivative [Line Items]
Notional Amount	15,436	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	323	356
Derivative Liability, Fair Value, Gross Liability	391	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	386	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	45	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	4,435	5,555
Carrying Value / Fair Value of Assets	3	7
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument \| Total Return Swap
Derivative [Line Items]
Notional Amount	1,218	500
Carrying Value / Fair Value of Assets	4	24
Derivative Liability, Fair Value, Gross Liability	2	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	0	0
Derivative Liability, Subject to Master Netting Arrangement, after Offset	0	0
Not Designated as Hedging Instrument \| Equity Option
Derivative [Line Items]
Notional Amount	253	253
Carrying Value / Fair Value of Assets	3	8
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument \| Credit Default Swaps
Derivative [Line Items]
Notional Amount	2,373	1,475
Carrying Value / Fair Value of Assets	4	5
Derivative Liability, Fair Value, Gross Liability	3	1
Designated As Hedging Instrument
Derivative [Line Items]
Notional Amount	7,447	4,798
Derivative Asset, Subject to Master Netting Arrangement, after Offset	23	32
Derivative Liability, Subject to Master Netting Arrangement, after Offset	409	247
Designated As Hedging Instrument \| Interest Rate Swaps
Derivative [Line Items]
Notional Amount	3,238	1,770
Derivative Asset, Subject to Master Netting Arrangement, after Offset	4	9
Derivative Liability, Subject to Master Netting Arrangement, after Offset	112	86
Designated As Hedging Instrument \| Foreign Currency Forwards
Derivative [Line Items]
Notional Amount	1,317	1,143
Derivative Asset, Subject to Master Netting Arrangement, after Offset	11	5
Derivative Liability, Subject to Master Netting Arrangement, after Offset	1	17
Designated As Hedging Instrument \| Currency Swap [Member]
Derivative [Line Items]
Notional Amount	1,844	809
Derivative Asset, Subject to Master Netting Arrangement, after Offset	7	7
Derivative Liability, Subject to Master Netting Arrangement, after Offset	168	64
Designated As Hedging Instrument \| Forward Contracts [Member]
Derivative [Line Items]
Notional Amount	1,048	1,076
Derivative Asset, Subject to Master Netting Arrangement, after Offset	1	11
Derivative Liability, Subject to Master Netting Arrangement, after Offset	$ 128	$ 80

Unpaid Claims and Claims Expense Short Duration Contracts (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 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	$ 2,769	$ 2,579	$ 2,730	$ 2,480
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments	(69)	(70)	(80)	(57)
Liability For Unpaid Claims And Claims Adjustment Expense Net Of Recoverable	2,700	2,509	$ 2,650	$ 2,423
Current Year Claims and Claims Adjustment Expense	771	789
Prior Year Claims and Claims Adjustment Expense	(55)	(55)
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims	716	734
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year	(107)	(119)
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years	(532)	(539)
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid	(639)	(658)
Interest On Liability For Policy And Contract Claims	19	17
Liability for Unpaid Claims and Claims Adjustment Expense, Foreign Currency Translation Gain (Loss)	(46)	(7)
Liability for Unpaid Claims and Claims Adjustment Expense Other	$ (27)	$ (10)

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

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

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

$ (369)

$ (1,871)

155

490

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

304

110

116

Accumulated Translation Adjustment [Member]

(20)

(1,398)

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

(116)

169

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

(21)

(27)

Accumulated Net Unrealized Investment Gain (Loss) [Member]

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

^[1]

(3,668)

(5,496)

^[1]

(1,625)

687

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

^[1]

304

^[1]

(294)

169

Accumulated Defined Benefit Plans Adjustment [Member]

^[1]

(4,695)

(4,879)

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

(29)

(27)

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

(2)

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

(29)

(18)

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

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

(1)

AOCI, Liability for Future Policy Benefit, Parent

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

3,256

3,755

1,737

(377)

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

382

(82)

$ 4,611

$ 3,460

[1]	Includes cash flow hedges of $(413) and $(218) as of June 30, 2024 and December 31, 2023, respectively, and $(228) and $(205) as of June 30, 2023 and December 31, 2022, respectively. See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

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

+ References + Details

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 12
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-12

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 7: 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 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

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

Debt Securities, Available-for-sale

Investments (Tables)

6 Months Ended

Jun. 30, 2024

Investments [Abstract]

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


June 30, 2024:	Amortized Cost		Allowance for Credit Losses		Unrealized Gains		Unrealized Losses		Estimated Fair Value		% of Total
Available-for-sale:
Corporate	$	50,053	$	95	$	516	$	4,343	$	46,131	65.4	%
Canadian government	4,520		—		331		71		4,780		6.8
Japanese government	5,297		—		1		835		4,463		6.3
ABS	5,302		15		45		189		5,143		7.3
CMBS	2,242		1		19		140		2,120		3.0
RMBS	1,307		—		14		109		1,212		1.7
U.S. government	1,681		—		3		256		1,428		2.0
State and political subdivisions	1,188		—		4		150		1,042		1.6
Other foreign government	4,571		—		31		430		4,172		5.9
Total fixed maturity securities	$	76,161	$	111	$	964	$	6,523	$	70,491	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Fixed maturity securities guaranteed or issued by:
Japanese government	$	5,297	$	4,463	$	3,630	$	3,131
U.S. government	1,681		1,428		2,725		2,520
Canadian province of Quebec	1,571		1,744		1,467		1,748
Canadian province of Ontario	1,157		1,225		1,019		1,125

Investments Classified By Contractual Maturity Date


	Amortized Cost		Estimated Fair Value
Available-for-sale:
Due in one year or less	$	1,347	$	1,351
Due after one year through five years	11,719		11,557
Due after five years through ten years	12,784		12,221
Due after ten years	41,460		36,887
Structured securities	8,851		8,475
Total	$	76,161	$	70,491

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 June 30, 2024 and December 31, 2023 (dollars in millions):


June 30, 2024:	Amortized Cost		Estimated Fair Value		% of Total
Finance	$	16,448	$	15,090	32.7	%
Industrial	26,154		24,306		52.7
Utility	7,451		6,735		14.6

Total	$	50,053	$	46,131	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]

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


	Corporate		ABS		CMBS		Total
For the three months ended June 30, 2024:
Balance, beginning of period	$	79	$	15	$	1	$	95
Credit losses recognized on securities for which credit losses were not previously recorded	2		—		—		2

Reductions for securities sold during the period	(1)		—		—		(1)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	14		—		—		14

Write-offs charged against the allowance	1		—		—		1
Balance, end of period	$	95	$	15	$	1	$	111
For the three months ended June 30, 2023:
Balance, beginning of period	$	69	$	10	$	—	$	79
Credit losses recognized on securities for which credit losses were not previously recorded	1		—		1		2

Reductions for securities sold during the period	(7)		—		—		(7)

Additional increases or decreases for credit losses on securities that had an allowance recorded in a previous period	(1)		2		—		1
Write-offs charged against the allowance	—		—		—		—

Balance, end of period	$	62	$	12	$	1	$	75


	Corporate		ABS		CMBS		Total
For the six months ended June 30, 2024:
Balance, beginning of period	$	62	$	12	$	1	$	75
Credit losses recognized on securities for which credit losses were not previously recorded	32		—		—		32
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	9		3		—		12
Write-offs charged against the allowance	1		—		—		1
Balance, end of period	$	95	$	15	$	1	$	111
For the six months ended June 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	1		2		—		3
Write-offs charged against the allowance	—		—		—		—
Balance, end of period	$	62	$	12	$	1	$	75

Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value


	Less than 12 months				12 months or greater				Total
June 30, 2024:	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
Investment grade securities:
Corporate	$	8,885	$	217	$	22,555	$	4,043	$	31,440	$	4,260
Canadian government	404		15		449		56		853		71
Japanese government	2,293		187		2,136		648		4,429		835
ABS	794		8		2,310		175		3,104		183
CMBS	270		2		1,225		129		1,495		131
RMBS	137		1		721		108		858		109
U.S. government	422		4		736		252		1,158		256
State and political subdivisions	114		4		785		146		899		150
Other foreign government	726		11		2,110		362		2,836		373
Total investment grade securities	14,045		449		33,027		5,919		47,072		6,368
Below investment grade securities:
Corporate	$	352	$	8	$	476	$	68	$	828	$	76

ABS	9		1		44		5		53		6
CMBS	—		—		—		—		—		—
Other foreign government	—		—		194		57		194		57
Total below investment grade securities	361		9		714		130		1,075		139
Total fixed maturity securities	$	14,406	$	458	$	33,741	$	6,049	$	48,147	$	6,507


	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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale	$	881	$	683	$	1,641	$	1,328
Equity securities	1		1		3		3
Mortgage loans	97		80		187		154
Policy loans	14		13		28		26
Funds withheld at interest	76		80		165		152
Limited partnerships and real estate joint ventures	21		19		28		73
Short-term investments and cash and cash equivalents	44		22		78		43

Other invested assets	(3)		3		1		12
Investment income	1,131		901		2,131		1,791
Investment expense	(49)		(44)		(88)		(78)
Net investment income	$	1,082	$	857	$	2,043	$	1,713

Gain Loss On Investments

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


	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Fixed maturity securities available-for-sale:
Change in allowance for credit losses	$	(16)	$	4	$	(36)	$	(38)
Impairments on fixed maturity securities	(1)		—		(1)		(1)
Realized gains on investment activity	68		11		100		42
Realized losses on investment activity	(230)		(37)		(364)		(112)
Net gains (losses) on equity securities	(5)		(4)		(1)		(2)
Change in mortgage loan allowance for credit losses	2		(9)		(8)		(6)
Limited partnerships and real estate joint venture impairment losses	—		—		(8)		—
Change in fair value of certain limited partnership investments	—		10		1		7
Net losses on freestanding derivatives	(119)		(93)		(218)		(124)
Net gains (losses) on embedded derivatives	26		(20)		103		17
Other, net	4		15		12		17
Total investment related gains (losses), net	$	(271)	$	(123)	$	(420)	$	(200)

Invested Assets On Deposit


	June 30, 2024				December 31, 2023
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Invested assets on deposit (regulatory deposits)	$	12	$	9	$	12	$	9
Invested assets pledged as collateral	1,108		960		572		517
Invested assets received as collateral	n/a		2,040		n/a		1,827
Assets in trust held to satisfy collateral requirements	42,810		39,907		32,758		30,359
FHLB common stock restricted as to sale	73		73		63		63

Schedule of Repurchase Agreements [Table Text Block]


	June 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	$	1,040	$	1,315	$	—	$	732	$	1,013	$	—
Repurchase/reverse repurchase transactions	1,683		713		858		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]


	June 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	$	—	$	75	$	134	$	190	$	399	$	—	$	—	$	94	$	41	$	135

Japanese government	—		—		295		226		521		—		88		—		480		568
ABS	—		—		—		24		24		—		—		—		—		—
CMBS	—		—		—		47		47		—		—		—		—		—
RMBS	—		—		—		14		14		—		—		—		—		—
U.S. government	—		—		—		9		9		—		—		—		—		—
State and political subdivisions	—		—		—		6		6		—		—		—		11		11
Other foreign government	—		—		11		9		20		—		—		13		5		18
Total	—		75		440		525		1,040		—		88		107		537		732
Repurchase/reverse repurchase transactions:
Corporate	—		—		—		513		513		—		—		—		553		553

Japanese government	—		—		—		376		376		—		—		—		158		158
ABS	—		—		—		318		318		—		—		—		229		229
CMBS	—		—		—		266		266		—		—		—		221		221
RMBS	—		—		—		51		51		—		—		—		52		52
U.S. government	—		—		—		60		60		—		—		—		14		14

Other foreign government	—		—		—		99		99		—		—		—		106		106
Total	—		—		—		1,683		1,683		—		—		—		1,333		1,333
Total transactions	$	—	$	75	$	440	$	2,208	$	2,723	$	—	$	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024				December 31, 2023
Property type:	Carrying Value		% of Total		Carrying Value		% of Total
Office	$	1,702	21.1	%	$	1,700	22.8	%
Retail	2,670		33.1		2,437		32.7
Industrial	2,270		28.0		1,947		26.1
Apartment	980		12.1		913		12.2
Hotel	408		5.1		413		5.5
Other commercial	46		0.6		49		0.7
Recorded investment	8,076		100.0	%	7,459		100.0	%
Unamortized balance of loan origination fees and expenses	(17)				(15)
Allowance for credit losses	(75)				(67)
Total mortgage loans	$	7,984			$	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024				December 31, 2023
	Recorded Investment		% of Total		Recorded Investment		% of Total
Due within five years	$	3,684	45.6	%	$	3,228	43.3	%
Due after five years through ten years	3,494		43.3		3,334		44.7
Due after ten years	898		11.1		897		12.0
Total	$	8,076	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 June 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
June 30, 2024:
Loan-to-Value Ratio
0% – 59.99%	$	4,190	$	224	$	84	$	11	$	4,509	55.8	%
60% – 69.99%	1,979		220		35		44		2,278		28.2
70% – 79.99%	770		118		15		—		903		11.2
80% or greater	226		55		105		—		386		4.8
Total	$	7,165	$	617	$	239	$	55	$	8,076	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	Recorded Investment
	Year of Origination
	2024		2023		2022		2021		2020		Prior		Total
June 30, 2024:
Internal credit quality grade:
High investment grade	$	247	$	472	$	659	$	619	$	269	$	2,194	$	4,460
Investment grade	346		754		707		433		241		789		3,270
Average	—		12		—		—		18		252		282
Watch list	—		—		—		—		—		41		41
In or near default	—		—		—		—		—		23		23
Total	$	593	$	1,238	$	1,366	$	1,052	$	528	$	3,299	$	8,076


	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 June 30, 2024 and December 31, 2023 (dollars in millions):


	June 30, 2024		December 31, 2023
Current	$	8,019	$	7,431
31 – 60 days past due	28		28

Greater than 90 days past due	29		—
Total	$	8,076	$	7,459

Allowance For Mortgage Loan And Lease Losses Provision For Loss Net

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


	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Balance, beginning of period	$	77	$	48	$	67	$	51
Change in allowance for credit losses	(2)		9		8		6

Balance, end of period	$	75	$	57	$	75	$	57

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 June 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	June 30, 2024		December 31, 2023
Limited partnerships – equity method	$	956	$	925
Limited partnerships – fair value	911		856
Limited partnerships – cost method	55		71
Real estate joint ventures	869		783
Total limited partnerships and real estate joint ventures	$	2,791	$	2,635

Schedule Of Other Invested Assets [Table Text Block]

The carrying values of other invested assets as of June 30, 2024 and December 31, 2023 are as follows (dollars in millions):


	June 30, 2024		December 31, 2023

Lifetime mortgages	$	951	$	944
Derivatives	66		97
FHLB common stock	73		63
Other	58		67
Total other invested assets	$	1,148	$	1,171

Commitments, Contingencies and Guarantees (Maximum Potential Obligation) (Details) $ in Millions	Jun. 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	1,903
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

Segment Information (Total Revenues of Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 4,878	$ 4,156	$ 11,215	$ 8,407
Other Segments \| Americas [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,708	2,210	6,931	4,537
Other Segments \| CANADA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	490	399	903	785
Other Segments \| EMEA [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	756	581	1,492	1,210
Other Segments \| Asia Pacific [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	880	888	1,814	1,748
Corporate and Other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	44	78	75	127
Life Insurance Product Line [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,044	1,932	3,958	3,744
Life Insurance Product Line [Member] \| Other Segments \| CANADA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	389	373	775	732
Life Insurance Product Line [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	524	451	1,049	911
Life Insurance Product Line [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	778	752	1,569	1,481
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Americas [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	664	278	2,973	793
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| CANADA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	101	26	128	53
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| EMEA [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	232	130	443	299
Nontraditional Long-Duration Contracts [Member] \| Other Segments \| Asia Pacific [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 102	$ 136	$ 245	$ 267

Investments (Mortgage Loans by Property Type) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 8,076		$ 7,459
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums	(17)		(15)
Allowance for Loan and Lease Losses, Real Estate	(75)	$ (77)	(67)	$ (57)	$ (48)	$ (51)
Mortgage loans on real estate (net of valuation allowances)	$ 7,984		$ 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	$ 1,702		$ 1,700
Percentage of total	21.10%		22.80%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 2,670		$ 2,437
Percentage of total	33.10%		32.70%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 2,270		$ 1,947
Percentage of total	28.00%		26.10%
Apartment
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 980		$ 913
Percentage of total	12.10%		12.20%
Other commercial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 46		$ 49
Percentage of total	0.60%		0.70%
Hotel
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Recorded investment	$ 408		$ 413
Percentage of total	5.10%		5.50%

Financing Activities	6 Months Ended
Financing Activities	Jun. 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.

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: 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 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(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

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

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

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

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

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

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

Investments (Mortgage Loans by Maturity Date) (Details) - USD ($) $ in Millions	Jun. 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	$ 8,076	$ 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	$ 3,684	$ 3,228
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	45.60%	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	$ 3,494	$ 3,334
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	43.30%	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	$ 898	$ 897
Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total	11.10%	12.00%

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

Fixed maturity securities available-for-sale, at fair value (amortized cost of $76,161 and $64,977; allowance for credit losses of $111 and $75)

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

Jun. 30, 2024

Dec. 31, 2023

Assets

$ 70,491

^[1]

$ 60,467

^[2]

Available-for-sale Securities, Equity Securities

144

139

Mortgage loans (net of allowance for credit losses of $75 and $67)

7,984

7,377

1,171

1,206

Real Estate Investments, Joint Ventures

5,556

5,683

2,791

2,635

335

222

1,148

1,171

Total investments

89,620

78,900

4,596

2,970

Premiums receivable and other reinsurance balances

881

759

3,635

3,528

Reinsurance Recoverables, Including Reinsurance Premium Paid

5,122

5,448

Deferred policy acquisition costs

4,720

4,617

Other assets

1,314

1,401

Total assets

109,888

97,623

Market Risk Benefit, Net Amount at Risk

217

258

4,323

4,483

Liabilities and equity

50,779

41,231

Other policy claims and benefits

31,676

30,273

2,769

2,730

Other reinsurance balances

917

1,103

Deferred income taxes

1,866

1,862

Commitments and contingent liabilities (See Note 15)

2,449

2,085

Long-term debt

5,067

4,427

Total liabilities

100,063

88,452

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 June 30, 2024 and December 31, 2023

Additional paid-in-capital

2,567

2,544

Retained earnings

9,076

8,805

Treasury stock, at cost – 19,438,385 and 18,634,390 shares

(1,889)

(1,900)

Accumulated other comprehensive income (loss)

(20)

(369)

Total RGA, Inc. shareholders’ equity

9,735

9,081

Stockholders' Equity Attributable to Noncontrolling Interest

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

9,825

9,171

Total liabilities and shareholders’ equity

$ 109,888

$ 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 June 30, 2024, the fair value of such investments was $911 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

Segment Information (Tables)

6 Months Ended

Jun. 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 June 30,				Six months ended June 30,
Revenues:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	2,044	$	1,932	$	3,958	$	3,744
Financial Solutions	664		278		2,973		793
Total	2,708		2,210		6,931		4,537
Canada:
Traditional	389		373		775		732
Financial Solutions	101		26		128		53
Total	490		399		903		785
Europe, Middle East and Africa:
Traditional	524		451		1,049		911
Financial Solutions	232		130		443		299
Total	756		581		1,492		1,210
Asia Pacific:
Traditional	778		752		1,569		1,481
Financial Solutions	102		136		245		267
Total	880		888		1,814		1,748
Corporate and Other	44		78		75		127
Total	$	4,878	$	4,156	$	11,215	$	8,407

Reconciliation Of Operating Profit Loss From Segments To Consolidated Text Block


	Three months ended June 30,				Six months ended June 30,
Income (loss) before income taxes:	2024		2023		2024		2023
U.S. and Latin America:
Traditional	$	174	$	62	$	290	$	183
Financial Solutions	83		68		100		182
Total	257		130		390		365
Canada:
Traditional	27		35		74		64
Financial Solutions	6		6		13		16
Total	33		41		87		80
Europe, Middle East and Africa:
Traditional	1		4		29		31
Financial Solutions	72		52		136		111
Total	73		56		165		142
Asia Pacific:
Traditional	100		89		209		168
Financial Solutions	(58)		20		(45)		7
Total	42		109		164		175
Corporate and Other	(136)		(71)		(265)		(146)
Total	$	269	$	265	$	541	$	616

Reconciliation Of Assets From Segment To Consolidated Text Block


Assets:	June 30, 2024		December 31, 2023
U.S. and Latin America:
Traditional	$	24,618	$	24,320
Financial Solutions	28,950		28,385
Total	53,568		52,705
Canada:
Traditional	5,022		5,111
Financial Solutions	5,892		219
Total	10,914		5,330
Europe, Middle East and Africa:
Traditional	4,566		4,334
Financial Solutions	7,731		5,656
Total	12,297		9,990
Asia Pacific:
Traditional	8,954		9,925
Financial Solutions	20,843		14,680
Total	29,797		24,605
Corporate and Other	3,312		4,993
Total	$	109,888	$	97,623

Reinsurance (Ceded Reinsurance Receivable Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Ceded Credit Risk [Line Items]
Reinsurance Recoverables, Including Reinsurance Premium Paid	$ 5,122	$ 5,448
Reinsurance Ceded Receivables Percentage Total	75.00%
Reinsurer A [Member]
Ceded Credit Risk [Line Items]
Reinsurance Recoverables, Including Reinsurance Premium Paid	$ 2,900	$ 3,100

Future Policy Benefits (Undiscounted and Discounted) (Details) - Other Segments - USD ($) $ in Millions	Jun. 30, 2024	Jun. 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	$ 80,236	$ 81,058
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	185,828	181,424
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	78,176	79,289
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	177,026	172,520
Americas [Member] \| Insurance, Other
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	1,774	1,912
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	14,431	9,066
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	8,380	5,231
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	2,865	3,062
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	21,578	22,193
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	56,587	58,011
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	21,631	22,163
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	54,822	55,059
CANADA \| Insurance, Other
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	4,002	3,141
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	17,846	4,608
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	7,772	3,051
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	6,341	4,749
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	14,357	13,178
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	26,138	24,714
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	13,714	12,416
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	26,345	25,185
EMEA [Member] \| Insurance, Other
Liability for Future Policy Benefit, Activity [Line Items]
Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance	57,128	36,502
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	114,188	70,992
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	58,308	38,281
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	111,756	67,116
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	38,402	38,197
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	92,090	87,425
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	32,711	32,586
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	96,035	91,057
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	2,660	3,257
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance	17,653	10,844
Liability For Future Policy Benefit Expected Future Policy Benefit Discounted Before Reinsurance	11,171	7,778
Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance	$ 3,578	$ 3,939

Equity (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Equity (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	$ 90	$ 90	$ 90	$ 90	$ 90	$ 90	$ 90	$ 90
Net Income (Loss) Attributable to Noncontrolling Interest	1	$ 2	3	$ 3
Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 500		$ 500
Common Stock Held In Treasury [Member]
Equity, Class of Treasury Stock [Line Items]
Treasury Stock, Shares, Acquired			0	722,774

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

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Amount of Net Income (Loss) attributable to noncontrolling interest.