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Also included in Policyholders’ account balances for Institutional Retirement Strategies are collateralized funding agreements issued to the Federal Home Loan Bank of New York (“FHLBNY”) at December 31, 2024, 2023 and 2022 totaling $ 2,628 million, $ 2,628 million, and $ 2,628 million, respectively. These obligations, ...
text
4.510
percentItemType
text: <entity> 4.510 </entity> <entity type> percentItemType </entity type> <context> Also included in Policyholders’ account balances for Institutional Retirement Strategies are collateralized funding agreements issued to the Federal Home Loan Bank of New York (“FHLBNY”) at December 31, 2024, 2023 and 2022 totaling $ ...
us-gaap:DebtInstrumentInterestRateStatedPercentage
2022 includes $( 4,061 ) million
text
4061
monetaryItemType
text: <entity> 4061 </entity> <entity type> monetaryItemType </entity type> <context> 2022 includes $( 4,061 ) million </context>
us-gaap:GainLossOnSaleOfBusiness
Effective October 2024, the Company entered into an agreement with Wilton Reassurance Company and Wilton Reinsurance Bermuda Limited (collectively, “Wilton Re”) to reinsure certain guaranteed universal life policies issued by Pruco Life Insurance Company (“Pruco Life”) and Pruco Life Insurance Company of New Jersey (“P...
text
40
percentItemType
text: <entity> 40 </entity> <entity type> percentItemType </entity type> <context> Effective October 2024, the Company entered into an agreement with Wilton Reassurance Company and Wilton Reinsurance Bermuda Limited (collectively, “Wilton Re”) to reinsure certain guaranteed universal life policies issued by Pruco Life ...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. These policies represented approximately 30 % of the Company’s statutory reserves on i...
text
30
percentItemType
text: <entity> 30 </entity> <entity type> percentItemType </entity type> <context> Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. The...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. These policies represented approximately 30 % of the Company’s statutory reserves on i...
text
2795
monetaryItemType
text: <entity> 2795 </entity> <entity type> monetaryItemType </entity type> <context> Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. ...
us-gaap:DepositAssets
Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. These policies represented approximately 30 % of the Company’s statutory reserves on i...
text
1619
monetaryItemType
text: <entity> 1619 </entity> <entity type> monetaryItemType </entity type> <context> Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. ...
us-gaap:DepositAssets
Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. These policies represented approximately 30 % of the Company’s statutory reserves on i...
text
2595
monetaryItemType
text: <entity> 2595 </entity> <entity type> monetaryItemType </entity type> <context> Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. ...
us-gaap:ReinsurancePayable
Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. These policies represented approximately 30 % of the Company’s statutory reserves on i...
text
1518
monetaryItemType
text: <entity> 1518 </entity> <entity type> monetaryItemType </entity type> <context> Effective January 2024, the Company entered into an agreement with Somerset Re to reinsure certain guaranteed universal life policies issued by Pruco Life and PLNJ, both of which are wholly-owned subsidiaries of Prudential Financial. ...
us-gaap:ReinsurancePayable
Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued by PICA, 90 % of which is on a coinsurance with funds withheld basis and 10 % of w...
text
9
monetaryItemType
text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued...
us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent
Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued by PICA, 90 % of which is on a coinsurance with funds withheld basis and 10 % of w...
text
70
percentItemType
text: <entity> 70 </entity> <entity type> percentItemType </entity type> <context> Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued by PICA, 90 % of which is on a coinsurance with funds withheld basis and 10 % of w...
text
90
percentItemType
text: <entity> 90 </entity> <entity type> percentItemType </entity type> <context> Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued by PICA, 90 % of which is on a coinsurance with funds withheld basis and 10 % of w...
text
10
percentItemType
text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> Effective September 2023, the Company entered into an agreement with Prismic Re to reinsure approximately $ 9 billion of reserves, representing approximately 70 % of the in-force structured settlement annuities business previously issued...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $ 10 billion of account values of PDI traditional variable annuity contracts with guaranteed living benefits...
text
10
monetaryItemType
text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $ 10 billion of account ...
us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent
Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $ 10 billion of account values of PDI traditional variable annuity contracts with guaranteed living benefits...
text
10
percentItemType
text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $ 10 billion of account v...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $ 10 billion of account values of PDI traditional variable annuity contracts with guaranteed living benefits...
text
100
percentItemType
text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $ 10 billion of account ...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective April 2022, in connection with the sale of the Full Service Retirement business, the Company entered into separate agreements with external counterparties, Great-West and Great-West Life & Annuity Insurance Company of New York, now known as Empower Annuity Insurance Company of America and Empower Life & Annui...
text
100
percentItemType
text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> Effective April 2022, in connection with the sale of the Full Service Retirement business, the Company entered into separate agreements with external counterparties, Great-West and Great-West Life & Annuity Insurance Company of New York...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective April 2015, the Company entered into an agreement with Union Hamilton Reinsurance, Ltd. (“Union Hamilton”) an external counterparty, to reinsure approximately 50 % of the Prudential Premier® Retirement Variable Annuity with Highest Daily Lifetime Income (“HDI”) v.3.0 business, a guaranteed benefit feature. Th...
text
50
percentItemType
text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> Effective April 2015, the Company entered into an agreement with Union Hamilton Reinsurance, Ltd. (“Union Hamilton”) an external counterparty, to reinsure approximately 50 % of the Prudential Premier® Retirement Variable Annuity with Hig...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
Effective April 2015, the Company entered into an agreement with Union Hamilton Reinsurance, Ltd. (“Union Hamilton”) an external counterparty, to reinsure approximately 50 % of the Prudential Premier® Retirement Variable Annuity with Highest Daily Lifetime Income (“HDI”) v.3.0 business, a guaranteed benefit feature. Th...
text
2.9
monetaryItemType
text: <entity> 2.9 </entity> <entity type> monetaryItemType </entity type> <context> Effective April 2015, the Company entered into an agreement with Union Hamilton Reinsurance, Ltd. (“Union Hamilton”) an external counterparty, to reinsure approximately 50 % of the Prudential Premier® Retirement Variable Annuity with H...
us-gaap:ReinsuranceRetentionAmountRetainedPerEvent
In January 2013, the Company acquired the Hartford Life Business through reinsurance transactions with three subsidiaries of Hartford Financial Services Group, Inc. (“Hartford Financial”). Under the related agreements, the Company provided reinsurance for approximately 700,000 life insurance policies with net retained ...
text
141
monetaryItemType
text: <entity> 141 </entity> <entity type> monetaryItemType </entity type> <context> In January 2013, the Company acquired the Hartford Life Business through reinsurance transactions with three subsidiaries of Hartford Financial Services Group, Inc. (“Hartford Financial”). Under the related agreements, the Company prov...
us-gaap:ReinsuranceRetentionAmountRetainedPerEvent
reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has historically retained up to $ 30 million per life, but reduced its operating retent...
text
30
monetaryItemType
text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has...
us-gaap:ReinsuranceRetentionAmountRetainedPerLife
reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has historically retained up to $ 30 million per life, but reduced its operating retent...
text
20
monetaryItemType
text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has...
us-gaap:ReinsuranceRetentionAmountRetainedPerLife
reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has historically retained up to $ 30 million per life, but reduced its operating retent...
text
10
monetaryItemType
text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has...
us-gaap:ReinsuranceRetentionAmountRetainedPerLife
Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also reco...
text
5506
monetaryItemType
text: <entity> 5506 </entity> <entity type> monetaryItemType </entity type> <context> Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a porti...
us-gaap:ReinsuranceRecoverables
Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also reco...
text
5981
monetaryItemType
text: <entity> 5981 </entity> <entity type> monetaryItemType </entity type> <context> Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a porti...
us-gaap:ReinsuranceRecoverables
Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also reco...
text
7796
monetaryItemType
text: <entity> 7796 </entity> <entity type> monetaryItemType </entity type> <context> Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a porti...
us-gaap:ReinsurancePayable
Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also reco...
text
8543
monetaryItemType
text: <entity> 8543 </entity> <entity type> monetaryItemType </entity type> <context> Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a porti...
us-gaap:ReinsurancePayable
Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also reco...
text
1442
monetaryItemType
text: <entity> 1442 </entity> <entity type> monetaryItemType </entity type> <context> Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a porti...
us-gaap:ReinsuranceRecoverables
Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a portion of its in-force structured settlement annuities business. The Company has also reco...
text
1485
monetaryItemType
text: <entity> 1485 </entity> <entity type> monetaryItemType </entity type> <context> Primarily represents $ 5,506 million and $ 5,981 million of reinsurance recoverables as of December 31, 2024 and 2023, respectively, established under the reinsurance agreement with Prismic Re under which the Company reinsured a porti...
us-gaap:ReinsuranceRecoverables
Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business a...
text
2033
monetaryItemType
text: <entity> 2033 </entity> <entity type> monetaryItemType </entity type> <context> Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The ...
us-gaap:ReinsuranceRecoverables
Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business a...
text
2090
monetaryItemType
text: <entity> 2090 </entity> <entity type> monetaryItemType </entity type> <context> Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The ...
us-gaap:ReinsuranceRecoverables
Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business a...
text
1387
monetaryItemType
text: <entity> 1387 </entity> <entity type> monetaryItemType </entity type> <context> Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The ...
us-gaap:ReinsurancePayable
Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business a...
text
1396
monetaryItemType
text: <entity> 1396 </entity> <entity type> monetaryItemType </entity type> <context> Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The ...
us-gaap:ReinsurancePayable
Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business a...
text
1591
monetaryItemType
text: <entity> 1591 </entity> <entity type> monetaryItemType </entity type> <context> Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The ...
us-gaap:ReinsuranceRecoverables
Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business a...
text
7478
monetaryItemType
text: <entity> 7478 </entity> <entity type> monetaryItemType </entity type> <context> Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $ 2,033 million and $ 2,090 million as of December 31, 2024 and 2023, respectively. The ...
us-gaap:ReinsuranceRecoverables
Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the reinsurance agreement with Prismic Re were $ 3,578 million and $ 3,771 million as of Dece...
text
11194
monetaryItemType
text: <entity> 11194 </entity> <entity type> monetaryItemType </entity type> <context> Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the re...
us-gaap:DepositAssets
Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the reinsurance agreement with Prismic Re were $ 3,578 million and $ 3,771 million as of Dece...
text
10574
monetaryItemType
text: <entity> 10574 </entity> <entity type> monetaryItemType </entity type> <context> Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the re...
us-gaap:DepositAssets
Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the reinsurance agreement with Prismic Re were $ 3,578 million and $ 3,771 million as of Dece...
text
3578
monetaryItemType
text: <entity> 3578 </entity> <entity type> monetaryItemType </entity type> <context> Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the rei...
us-gaap:DepositAssets
Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the reinsurance agreement with Prismic Re were $ 3,578 million and $ 3,771 million as of Dece...
text
3771
monetaryItemType
text: <entity> 3771 </entity> <entity type> monetaryItemType </entity type> <context> Excludes deposit receivables of arrangements that are accounted for under the deposit method of accounting of $ 11,194 million and $ 10,574 million as of December 31, 2024 and 2023, respectively. Deposit receivables related to the rei...
us-gaap:DepositAssets
Excluding the reinsurance recoverables associated with the acquisition of the Hartford Life Business, four major reinsurance companies account for approximately 67 % of the Company’s reinsurance recoverables as of December 31, 2024. The Company periodically reviews the financial condition of its reinsurers, amounts rec...
text
67
percentItemType
text: <entity> 67 </entity> <entity type> percentItemType </entity type> <context> Excluding the reinsurance recoverables associated with the acquisition of the Hartford Life Business, four major reinsurance companies account for approximately 67 % of the Company’s reinsurance recoverables as of December 31, 2024. The ...
us-gaap:ReinsuranceRetentionPolicyReinsuredRiskPercentage
As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumulated net unrealized investment losses in excess of this amount, the policyholder divi...
text
2096
monetaryItemType
text: <entity> 2096 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumu...
us-gaap:ClosedBlockLiabilitiesPolicyholderDividendObligation
As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumulated net unrealized investment losses in excess of this amount, the policyholder divi...
text
zero
monetaryItemType
text: <entity> zero </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumu...
us-gaap:ClosedBlockLiabilitiesPolicyholderDividendObligation
As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumulated net unrealized investment losses in excess of this amount, the policyholder divi...
text
2873
monetaryItemType
text: <entity> 2873 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumu...
us-gaap:ClosedBlockLiabilitiesPolicyholderDividendObligation
As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumulated net unrealized investment losses in excess of this amount, the policyholder divi...
text
2081
monetaryItemType
text: <entity> 2081 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company recognized a policyholder dividend obligation of $ 2,096 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings; however, due to accumu...
us-gaap:ClosedBlockLiabilitiesPolicyholderDividendObligation
In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in increases of approximately $ 30 million, $ 77 million and $ 109 million for the years ended December 31, 2022, 2023 ...
text
30
monetaryItemType
text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in increases of approximately $ 30 ...
us-gaap:ClosedBlockDividendObligationPeriodIncreaseDecrease
In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in increases of approximately $ 30 million, $ 77 million and $ 109 million for the years ended December 31, 2022, 2023 ...
text
77
monetaryItemType
text: <entity> 77 </entity> <entity type> monetaryItemType </entity type> <context> In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in increases of approximately $ 30 ...
us-gaap:ClosedBlockDividendObligationPeriodIncreaseDecrease
In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in increases of approximately $ 30 million, $ 77 million and $ 109 million for the years ended December 31, 2022, 2023 ...
text
109
monetaryItemType
text: <entity> 109 </entity> <entity type> monetaryItemType </entity type> <context> In December of each year, PICA’s Board of Directors takes actions to either increase, continue, or decrease the dividend scale that was in effect on Closed Block policies. These actions taken resulted in increases of approximately $ 30...
us-gaap:ClosedBlockDividendObligationPeriodIncreaseDecrease
The differences between income taxes expected at the U.S. federal statutory income tax rate of 21 % applicable for 2024, 2023 and 2022, and the reported income tax expense (benefit) are summarized as follows:
text
21
percentItemType
text: <entity> 21 </entity> <entity type> percentItemType </entity type> <context> The differences between income taxes expected at the U.S. federal statutory income tax rate of 21 % applicable for 2024, 2023 and 2022, and the reported income tax expense (benefit) are summarized as follows: </context>
us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal years 2024, 2023 and 2022 was 15.8 %, 20.0 %, and 14.7 %, respectively. The following is ...
text
15.8
percentItemType
text: <entity> 15.8 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal year...
us-gaap:EffectiveIncomeTaxRateContinuingOperations
The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal years 2024, 2023 and 2022 was 15.8 %, 20.0 %, and 14.7 %, respectively. The following is ...
text
20.0
percentItemType
text: <entity> 20.0 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal year...
us-gaap:EffectiveIncomeTaxRateContinuingOperations
The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal years 2024, 2023 and 2022 was 15.8 %, 20.0 %, and 14.7 %, respectively. The following is ...
text
14.7
percentItemType
text: <entity> 14.7 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal year...
us-gaap:EffectiveIncomeTaxRateContinuingOperations
The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal years 2024, 2023 and 2022 was 15.8 %, 20.0 %, and 14.7 %, respectively. The following is ...
text
21
percentItemType
text: <entity> 21 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income before income taxes and equity in earnings of joint ventures and other operating entities.” The Company’s effective tax rate for fiscal years ...
us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $ 55 million of the total $ 168 million of 2024 non-taxable investment income, $ 62 million o...
text
55
monetaryItemType
text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $ 55 mill...
us-gaap:DividendIncomeSecuritiesOperatingTaxExempt
The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $ 55 million of the total $ 168 million of 2024 non-taxable investment income, $ 62 million o...
text
62
monetaryItemType
text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $ 55 mill...
us-gaap:DividendIncomeSecuritiesOperatingTaxExempt
The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $ 55 million of the total $ 168 million of 2024 non-taxable investment income, $ 62 million o...
text
78
monetaryItemType
text: <entity> 78 </entity> <entity type> monetaryItemType </entity type> <context> The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and is included in the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $ 55 mill...
us-gaap:DividendIncomeSecuritiesOperatingTaxExempt
The combined statutory income tax rate in the Company’s largest non-U.S. tax jurisdiction is approximately 28 % in Japan as compared to the U.S. federal income tax rate of 21 % applicable for 2024, 2023 and 2022.
text
28
percentItemType
text: <entity> 28 </entity> <entity type> percentItemType </entity type> <context> The combined statutory income tax rate in the Company’s largest non-U.S. tax jurisdiction is approximately 28 % in Japan as compared to the U.S. federal income tax rate of 21 % applicable for 2024, 2023 and 2022. </context>
us-gaap:EffectiveIncomeTaxRateContinuingOperations
The combined statutory income tax rate in the Company’s largest non-U.S. tax jurisdiction is approximately 28 % in Japan as compared to the U.S. federal income tax rate of 21 % applicable for 2024, 2023 and 2022.
text
21
percentItemType
text: <entity> 21 </entity> <entity type> percentItemType </entity type> <context> The combined statutory income tax rate in the Company’s largest non-U.S. tax jurisdiction is approximately 28 % in Japan as compared to the U.S. federal income tax rate of 21 % applicable for 2024, 2023 and 2022. </context>
us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the effect of reducing the rate at which the Company will incur taxes on these earning...
text
40
percentItemType
text: <entity> 40 </entity> <entity type> percentItemType </entity type> <context> The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the...
us-gaap:EffectiveIncomeTaxRateContinuingOperations
The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the effect of reducing the rate at which the Company will incur taxes on these earning...
text
21
percentItemType
text: <entity> 21 </entity> <entity type> percentItemType </entity type> <context> The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the...
us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the effect of reducing the rate at which the Company will incur taxes on these earning...
text
45
percentItemType
text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the...
us-gaap:EffectiveIncomeTaxRateContinuingOperations
The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has the effect of reducing the rate at which the Company will incur taxes on these earning...
text
12
monetaryItemType
text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> The Company made a tax election, effective for the 2017 and later tax years, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. This election has th...
us-gaap:TaxAdjustmentsSettlementsAndUnusualProvisions
The Treasury Department and the IRS published Final Regulations in the Federal Register (Treasury Decision 9959) on January 4, 2022, which affect the creditability of certain foreign taxes for U.S. federal income tax purposes. The Final Regulations created uncertainty as to whether a U.S. foreign tax credit could be cl...
text
11
monetaryItemType
text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> The Treasury Department and the IRS published Final Regulations in the Federal Register (Treasury Decision 9959) on January 4, 2022, which affect the creditability of certain foreign taxes for U.S. federal income tax purposes. The Final...
us-gaap:TaxAdjustmentsSettlementsAndUnusualProvisions
In December 2023, the Government of Bermuda enacted a corporate income tax, which imposes a 15 % income tax, less applicable foreign tax credits, on companies that are organized or operate within Bermuda that are within the scope of the OECD Pillar Two rules. The Bermuda corporate income tax will be effective for tax y...
text
15
percentItemType
text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> In December 2023, the Government of Bermuda enacted a corporate income tax, which imposes a 15 % income tax, less applicable foreign tax credits, on companies that are organized or operate within Bermuda that are within the scope of the ...
us-gaap:EffectiveIncomeTaxRateContinuingOperations
In December 2023, the Government of Bermuda enacted a corporate income tax, which imposes a 15 % income tax, less applicable foreign tax credits, on companies that are organized or operate within Bermuda that are within the scope of the OECD Pillar Two rules. The Bermuda corporate income tax will be effective for tax y...
text
99
monetaryItemType
text: <entity> 99 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Government of Bermuda enacted a corporate income tax, which imposes a 15 % income tax, less applicable foreign tax credits, on companies that are organized or operate within Bermuda that are within the scope of the...
us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
In December 2023, the Government of Bermuda enacted a corporate income tax, which imposes a 15 % income tax, less applicable foreign tax credits, on companies that are organized or operate within Bermuda that are within the scope of the OECD Pillar Two rules. The Bermuda corporate income tax will be effective for tax y...
text
50
monetaryItemType
text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Government of Bermuda enacted a corporate income tax, which imposes a 15 % income tax, less applicable foreign tax credits, on companies that are organized or operate within Bermuda that are within the scope of the...
us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
The GILTI provision applies a minimum U.S. tax to earnings of consolidated foreign subsidiaries in excess of a 10% deemed return on tangible assets of foreign subsidiaries by imposing the U.S. tax rate to 50% of earnings of such foreign affiliates and provides for a partial foreign tax credit for foreign income taxes. ...
text
101
monetaryItemType
text: <entity> 101 </entity> <entity type> monetaryItemType </entity type> <context> The GILTI provision applies a minimum U.S. tax to earnings of consolidated foreign subsidiaries in excess of a 10% deemed return on tangible assets of foreign subsidiaries by imposing the U.S. tax rate to 50% of earnings of such foreig...
us-gaap:EffectiveIncomeTaxRateReconciliationGiltiAmount
On July 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations (Treasury Decision 9902) pursuant to Internal Revenue Code Section 951A which allow an annual election to exclude from the U.S. tax return certain GILTI amounts when the taxes paid by a foreign affiliate exceed 18.9% (90% of U...
text
21
percentItemType
text: <entity> 21 </entity> <entity type> percentItemType </entity type> <context> On July 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations (Treasury Decision 9902) pursuant to Internal Revenue Code Section 951A which allow an annual election to exclude from the U.S. tax return cert...
us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $ 542 million and $ 403 million, related to the Company’s U.S. operations and Bermuda ...
text
840
monetaryItemType
text: <entity> 840 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $...
us-gaap:DeferredTaxAssetsTaxDeferredExpense
As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $ 542 million and $ 403 million, related to the Company’s U.S. operations and Bermuda ...
text
401
monetaryItemType
text: <entity> 401 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $...
us-gaap:DeferredTaxAssetsTaxDeferredExpense
As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $ 542 million and $ 403 million, related to the Company’s U.S. operations and Bermuda ...
text
542
monetaryItemType
text: <entity> 542 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $...
us-gaap:DeferredTaxAssetsTaxDeferredExpense
As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $ 542 million and $ 403 million, related to the Company’s U.S. operations and Bermuda ...
text
403
monetaryItemType
text: <entity> 403 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, includes net deferred tax assets of $ 840 million and $ 401 million related to the Company’s U.S. operations and Bermuda operations, respectively. As of December 31, 2023, includes a net deferred tax asset of $...
us-gaap:DeferredTaxAssetsTaxDeferredExpense
$ 37 million expires between 2025 and 2041 and $ 870 million has an unlimited carryforward.
text
37
monetaryItemType
text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> $ 37 million expires between 2025 and 2041 and $ 870 million has an unlimited carryforward. </context>
us-gaap:OperatingLossCarryforwards
$ 37 million expires between 2025 and 2041 and $ 870 million has an unlimited carryforward.
text
870
monetaryItemType
text: <entity> 870 </entity> <entity type> monetaryItemType </entity type> <context> $ 37 million expires between 2025 and 2041 and $ 870 million has an unlimited carryforward. </context>
us-gaap:OperatingLossCarryforwards
The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and income (loss) from foreign operations of $ 1,132 million, $ 1,731 million, and $ 369 mil...
text
2077
monetaryItemType
text: <entity> 2077 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and in...
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and income (loss) from foreign operations of $ 1,132 million, $ 1,731 million, and $ 369 mil...
text
1341
monetaryItemType
text: <entity> 1341 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and in...
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and income (loss) from foreign operations of $ 1,132 million, $ 1,731 million, and $ 369 mil...
text
2262
monetaryItemType
text: <entity> 2262 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and in...
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and income (loss) from foreign operations of $ 1,132 million, $ 1,731 million, and $ 369 mil...
text
1132
monetaryItemType
text: <entity> 1132 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and in...
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and income (loss) from foreign operations of $ 1,132 million, $ 1,731 million, and $ 369 mil...
text
1731
monetaryItemType
text: <entity> 1731 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and in...
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and income (loss) from foreign operations of $ 1,132 million, $ 1,731 million, and $ 369 mil...
text
369
monetaryItemType
text: <entity> 369 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” includes income (loss) from domestic operations of $ 2,077 million, $ 1,341 million, and $( 2,262 ) million and inc...
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
It is possible the Company will pay the unrecognized tax benefit attributable to the Section 952 election described above of approximately $ 86 million for prior year audit cycles within the next 12 months as it pursues resolution of the matter. The Company cannot predict with reasonable accuracy whether there will be ...
text
86
monetaryItemType
text: <entity> 86 </entity> <entity type> monetaryItemType </entity type> <context> It is possible the Company will pay the unrecognized tax benefit attributable to the Section 952 election described above of approximately $ 86 million for prior year audit cycles within the next 12 months as it pursues resolution of th...
us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
PICA is a member of the FHLBNY. Membership allows PICA access to the FHLBNY’s financial services, including the ability to obtain collateralized loans and to issue collateralized funding agreements. Under applicable law, the funding agreements issued to the FHLBNY have priority claim status above debt holders of PICA. ...
text
142
monetaryItemType
text: <entity> 142 </entity> <entity type> monetaryItemType </entity type> <context> PICA is a member of the FHLBNY. Membership allows PICA access to the FHLBNY’s financial services, including the ability to obtain collateralized loans and to issue collateralized funding agreements. Under applicable law, the funding ag...
us-gaap:OtherLongTermInvestments
PICA is a member of the FHLBNY. Membership allows PICA access to the FHLBNY’s financial services, including the ability to obtain collateralized loans and to issue collateralized funding agreements. Under applicable law, the funding agreements issued to the FHLBNY have priority claim status above debt holders of PICA. ...
text
169
monetaryItemType
text: <entity> 169 </entity> <entity type> monetaryItemType </entity type> <context> PICA is a member of the FHLBNY. Membership allows PICA access to the FHLBNY’s financial services, including the ability to obtain collateralized loans and to issue collateralized funding agreements. Under applicable law, the funding ag...
us-gaap:OtherLongTermInvestments
NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5 % of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2023, the 5 % limitation equates to a maximum amount of eligible assets of $ 7.4 billi...
text
5
percentItemType
text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5 % of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2023...
us-gaap:FederalHomeLoanBankRegulatoryCapitalRatioActual
NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5 % of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2023, the 5 % limitation equates to a maximum amount of eligible assets of $ 7.4 billi...
text
7.4
monetaryItemType
text: <entity> 7.4 </entity> <entity type> monetaryItemType </entity type> <context> NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5 % of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2...
us-gaap:DebtInstrumentCollateralAmount
NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5 % of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2023, the 5 % limitation equates to a maximum amount of eligible assets of $ 7.4 billi...
text
5.9
monetaryItemType
text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> NJDOBI permits PICA to pledge collateral to the FHLBNY in an amount of up to 5 % of its prior year-end statutory net admitted assets, excluding separate account assets. Based on PICA’s statutory net admitted assets as of December 31, 2...
us-gaap:DebtInstrumentUnusedBorrowingCapacityAmount
As of December 31, 2024, $ 2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925 % to 4.510 %. These funding agreements are reflected as “Policyholders’ account balances” on the Consolidated Statements of Financ...
text
2.5
monetaryItemType
text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, $ 2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925 % to 4.510 %. These funding agreements are re...
us-gaap:DeferredFinanceCostsNet
As of December 31, 2024, $ 2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925 % to 4.510 %. These funding agreements are reflected as “Policyholders’ account balances” on the Consolidated Statements of Financ...
text
1.925
percentItemType
text: <entity> 1.925 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, $ 2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925 % to 4.510 %. These funding agreements are r...
us-gaap:DebtInstrumentInterestRateStatedPercentage
As of December 31, 2024, $ 2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925 % to 4.510 %. These funding agreements are reflected as “Policyholders’ account balances” on the Consolidated Statements of Financ...
text
4.510
percentItemType
text: <entity> 4.510 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, $ 2.5 billion of funding agreements remain outstanding under this facility, with maturities ranging from February 2027 to November 2029 and rates ranging from 1.925 % to 4.510 %. These funding agreements are r...
us-gaap:DebtInstrumentInterestRateStatedPercentage
In September 2023, as an additional source of liquidity, the Company entered into an agreement with the Federal Agricultural Mortgage Corporation (“Farmer Mac”), under which the Company can borrow up to $ 750 million by issuing funding agreements to a subsidiary of Farmer Mac, with borrowings secured by a pledge of cer...
text
750
monetaryItemType
text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> In September 2023, as an additional source of liquidity, the Company entered into an agreement with the Federal Agricultural Mortgage Corporation (“Farmer Mac”), under which the Company can borrow up to $ 750 million by issuing funding...
us-gaap:DebtInstrumentFaceAmount
In July 2024, the Company amended and restated its $ 4.0 billion five-year credit facility that has both Prudential Financial and Prudential Funding as borrowers and a syndicate of financial institutions as lenders, extending the term of the facility to July 2029. The credit facility contains customary representations ...
text
4.0
monetaryItemType
text: <entity> 4.0 </entity> <entity type> monetaryItemType </entity type> <context> In July 2024, the Company amended and restated its $ 4.0 billion five-year credit facility that has both Prudential Financial and Prudential Funding as borrowers and a syndicate of financial institutions as lenders, extending the term ...
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
In July 2024, the Company amended and restated its $ 4.0 billion five-year credit facility that has both Prudential Financial and Prudential Funding as borrowers and a syndicate of financial institutions as lenders, extending the term of the facility to July 2029. The credit facility contains customary representations ...
text
22.1
monetaryItemType
text: <entity> 22.1 </entity> <entity type> monetaryItemType </entity type> <context> In July 2024, the Company amended and restated its $ 4.0 billion five-year credit facility that has both Prudential Financial and Prudential Funding as borrowers and a syndicate of financial institutions as lenders, extending the term...
us-gaap:MinimumNetWorthRequiredForCompliance
In September 2024, the Company refinanced its ¥ 100 billion five-year credit facility, on which Prudential Holdings of Japan, Inc. (“PHJ”) is a borrower, extending the term of the facility to September 2029. This facility also contains customary representations and warranties, covenants, and events of default and borro...
text
100
monetaryItemType
text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> In September 2024, the Company refinanced its ¥ 100 billion five-year credit facility, on which Prudential Holdings of Japan, Inc. (“PHJ”) is a borrower, extending the term of the facility to September 2029. This facility also contains...
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
In addition to the above credit facilities, the Company had access to $ 223 million of certain other lines of credit at December 31, 2024, of which $ 110 million was for the sole use of certain real estate separate accounts. The separate account facilities include loan-to-value ratio requirements and other financial co...
text
223
monetaryItemType
text: <entity> 223 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the above credit facilities, the Company had access to $ 223 million of certain other lines of credit at December 31, 2024, of which $ 110 million was for the sole use of certain real estate separate accounts. The separa...
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
In addition to the above credit facilities, the Company had access to $ 223 million of certain other lines of credit at December 31, 2024, of which $ 110 million was for the sole use of certain real estate separate accounts. The separate account facilities include loan-to-value ratio requirements and other financial co...
text
110
monetaryItemType
text: <entity> 110 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the above credit facilities, the Company had access to $ 223 million of certain other lines of credit at December 31, 2024, of which $ 110 million was for the sole use of certain real estate separate accounts. The separa...
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
In addition to the above credit facilities, the Company had access to $ 223 million of certain other lines of credit at December 31, 2024, of which $ 110 million was for the sole use of certain real estate separate accounts. The separate account facilities include loan-to-value ratio requirements and other financial co...
text
none
monetaryItemType
text: <entity> none </entity> <entity type> monetaryItemType </entity type> <context> In addition to the above credit facilities, the Company had access to $ 223 million of certain other lines of credit at December 31, 2024, of which $ 110 million was for the sole use of certain real estate separate accounts. The separ...
us-gaap:ProceedsFromLinesOfCredit
In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $ 1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust invested the proceeds from the sale of the trust securities in a portfolio of princip...
text
1.5
monetaryItemType
text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $ 1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust ...
us-gaap:DebtInstrumentFaceAmount
In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $ 1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust invested the proceeds from the sale of the trust securities in a portfolio of princip...
text
2.850
percentItemType
text: <entity> 2.850 </entity> <entity type> percentItemType </entity type> <context> In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $ 1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust...
us-gaap:DebtInstrumentInterestRateStatedPercentage
In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $ 1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust invested the proceeds from the sale of the trust securities in a portfolio of princip...
text
2.175
percentItemType
text: <entity> 2.175 </entity> <entity type> percentItemType </entity type> <context> In May 2020, Prudential Financial entered into a ten-year facility agreement with a Delaware trust upon the completion of the sale of $ 1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust...
us-gaap:DebtInstrumentInterestRateEffectivePercentage
In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $ 1.5 billion of trust securities by the trusts in a Rule 144A private placement. The trusts invested the proceeds from the sale of the trust securities in portfolios...
text
1.5
monetaryItemType
text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $ 1.5 billion of trust securities by the trusts in a Rule 144A private placement....
us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $ 1.5 billion of trust securities by the trusts in a Rule 144A private placement. The trusts invested the proceeds from the sale of the trust securities in portfolios...
text
800
monetaryItemType
text: <entity> 800 </entity> <entity type> monetaryItemType </entity type> <context> In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $ 1.5 billion of trust securities by the trusts in a Rule 144A private placement....
us-gaap:DebtInstrumentFaceAmount
In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $ 1.5 billion of trust securities by the trusts in a Rule 144A private placement. The trusts invested the proceeds from the sale of the trust securities in portfolios...
text
5.791
percentItemType
text: <entity> 5.791 </entity> <entity type> percentItemType </entity type> <context> In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $ 1.5 billion of trust securities by the trusts in a Rule 144A private placement...
us-gaap:DebtInstrumentInterestRateStatedPercentage