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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The tables below reconcile our segment measures of performance to the GAAP measures presented on the Consolidated Statements of Comprehensive Income (Loss) (in millions):

For the Three
Months Ended
September 30, 		For the Nine
Months Ended
September 30,
2024202320242023
Revenues
Operating revenues:
Annuities$1,195 $1,197 $3,673 $3,528 
Life Insurance1,589 1,723 4,640 5,241 
Group Protection1,432 1,388 4,299 4,176 
Retirement Plan Services335 327 984 988 
Other Operations52 38 118 127 
Revenue adjustments from annuity and
life insurance product features149 (14)(325)(1,908)
Credit loss-related adjustments(88)(27)(124)(53)
Investment gains (losses) (1)
(105)(400)(416)(1,126)
Changes in the fair value of reinsurance-related embedded
derivatives, trading securities and certain mortgage loans (2)
(446)(29)(51)(27)
Gains (losses) on other non-financial assets – sale of
subsidiaries/businesses (3)
(2)– 582 – 
Total revenues$4,111 $4,203 $13,380 $10,946 
Reconciliation of Income (Loss) from Operations by Segment to Consolidated Net Income (Loss)
For the Three
Months Ended
September 30, 		For the Nine
Months Ended
September 30,
2024
2023 (4)
2024
2023 (4)
Net Income (Loss)
Income (loss) from operations:
Annuities$301 $248 $857 $794 
Life Insurance22 (173)(48)(153)
Group Protection109 68 318 247 
Retirement Plan Services44 43 120 133 
Other Operations(84)(102)(276)(293)
Net annuity product features, pre-tax(381)1,322 1,319 1,076 
Net life insurance product features, pre-tax(125)108 (253)(168)
Credit loss-related adjustments, pre-tax(88)(27)(124)(53)
Investment gains (losses), pre-tax (1)
(105)(400)(416)(1,126)
Changes in the fair value of reinsurance-related
 embedded derivatives, trading securities and
certain mortgage loans, pre-tax (2)
(446)(29)(51)(27)
Gains (losses) on other non-financial assets – sale of
subsidiaries/businesses, pre-tax (3)
(2)– 582 – 
Other items, pre-tax (5) (6) (7) (8)
(19)(12)(238)(23)
Income tax benefit (expense) related to the
 above pre-tax items246 (193)(202)76 
Net income (loss)$(528)$853 $1,588 $483 

(1)    The three and nine months ended September 30, 2023, include impairments of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company’s intent to sell these securities as part of the fourth quarter 2023 reinsurance transaction. See Notes 3 and 7 for additional information.
(2)    Includes primarily changes in the fair value of the embedded derivative related to the fourth quarter 2023 reinsurance transaction. For more information, see Note 7.
(3)    For information on the sale of our wealth management business, including the statutory capital benefit, see Note 1.
(4)    The prior period presentation has been recast to conform to the revised definition of income (loss) from operations.
(5)    Includes certain legal accruals of $(12) million in the third quarter of 2023 and $(114) million primarily related to the settlement of cost of insurance litigation in the first quarter of 2024.
(6)    Includes severance expense related to initiatives that realign the workforce of $(3) million, $(3) million, $(49) million, $(7) million and $(16) million in the first quarter of 2023, second quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively.
(7)    Includes transaction and integration costs related to mergers, acquisitions and divestitures of $(9) million, $(1) million, $(10) million, $(27) million and $(2) million for the second quarter of 2023, third quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively.
(8)    Includes deferred compensation mark-to-market adjustment of $12 million, $(8) million, $1 million, $(13) million, $1 million and $(1) million in the first quarter of 2023, second quarter of 2023, third quarter of 2023, first quarter of 2024, second quarter of 2024 and third quarter of 2024, respectively.
Reconciliation of Assets from Segment to Consolidated
Other segment information (in millions) was as follows:

As of
September 30,		As of
December 31,
20242023
Assets
Annuities$202,827 $185,599 
Life Insurance115,397 108,932 
Group Protection9,216 9,714 
Retirement Plan Services49,533 46,793 
Other Operations19,867 21,375 
Total assets$396,840 $372,413