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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Insurance premiums $ 1,676 $ 1,601
Fee income 1,365 1,324
Net investment income 1,457 1,346
Realized gain (loss) 11 (434)
Other revenues 182 279
Total revenues 4,691 4,116
Expenses    
Benefits 2,068 2,003
Interest credited 890 822
Market risk benefit (gain) loss 1,293 (1,907)
Policyholder liability remeasurement (gain) loss (59) (12)
Commissions and other expenses 1,368 1,601
Interest and debt expense 80 81
Total expenses 5,640 2,588
Income (loss) before taxes (949) 1,528
Federal income tax expense (benefit) (227) 306
Net income (loss) (722) 1,222
Other comprehensive income (loss), net of tax:    
Unrealized investment gain (loss) 523 (127)
Market risk benefit non-performance risk gain (loss) 318 (464)
Policyholder liability discount rate remeasurement gain (loss) (111) 116
Foreign currency translation adjustment 5 (1)
Funded status of employee benefit plans (5) 1
Total other comprehensive income (loss), net of tax 730 (475)
Comprehensive income (loss) 8 747
Net Income (Loss) Available to Common Stockholders    
Net income (loss) (722) 1,222
Preferred stock dividends declared (34) (34)
Net income (loss) available to common stockholders $ (756) $ 1,188
Net Income (Loss) Per Common Share    
Basic (in dollars per share) $ (4.41) $ 6.98
Diluted (in dollars per share) (4.41) 6.93
Cash Dividends Declared Per Common Share (in dollars per share) $ 0.45 $ 0.45