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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Insurance premiums $ 3,672 $ 6,087 $ 5,617
Fee income 5,467 5,603 6,039
Net investment income 5,879 5,515 6,111
Realized gain (loss) (4,311) 840 (867)
Amortization of deferred gain (loss) on business sold through reinsurance 38 42 38
Other revenues 900 723 777
Total revenues 11,645 18,810 17,715
Expenses      
Benefits 6,138 8,479 8,503
Interest credited 3,248 2,877 2,929
Market risk benefit (gain) loss (2,264) (3,246) (3,753)
Policyholder liability remeasurement (gain) loss (152) 2,766 (183)
Commissions and other expenses 5,339 5,125 5,219
Interest and debt expense 331 283 270
Spark program expense 153 167 87
Impairment of intangibles 0 634 0
Total expenses 12,793 17,085 13,072
Income (loss) before taxes (1,148) 1,725 4,643
Federal income tax expense (benefit) (396) 367 865
Net income (loss) (752) 1,358 3,778
Unrealized investment gain (loss) 3,715 (18,059) (3,287)
Market risk benefit non-performance risk gain (loss) (671) (210) (923)
Policyholder liability discount rate remeasurement gain (loss) (160) 2,012 591
Foreign currency translation adjustment 8 (20) (2)
Funded status of employee benefit plans (16) (59) 47
Total other comprehensive income (loss), net of tax 2,876 (16,336) (3,574)
Comprehensive income (loss) $ 2,124 $ (14,978) $ 204
Net Income (Loss) Per Common Share      
Basic (in dollars per share) $ (4.92) $ 7.93 $ 20.17
Diluted (in dollars per share) (4.92) 7.78 19.96
Cash Dividends Declared Per Preferred Share (in dollars per share) 4,098.44 0  
Cash Dividends Declared Per Common Share (in dollars per share) 1.80 1.80 1.71
Series C Preferred Stock      
Net Income (Loss) Per Common Share      
Cash Dividends Declared Per Preferred Share (in dollars per share) 1,792.19 0 0
Series D Preferred Stock      
Net Income (Loss) Per Common Share      
Cash Dividends Declared Per Preferred Share (in dollars per share) $ 2,306.25 $ 0 $ 0