Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Investments:
Fixed maturity available-for-sale securities, at fair value, (amortized cost: 2025 - $101,462; 2024 - $97,415; allowance for credit losses: 2025 - $110; 2024 - $46)	$ 93,448	$ 87,111
Trading securities	1,676	2,025
Equity securities	636	294
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2025 - $199; 2024 - $232)	22,472	21,083
Policy loans	2,626	2,476
Derivative investments	9,945	9,677
Other investments	8,105	7,252
Total investments	138,908	129,918
Cash and invested cash	9,502	5,801
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,827	12,537
Reinsurance recoverables, net of allowance for credit losses	28,012	28,750
Deposit assets, net of allowance for credit losses	33,690	30,776
Market risk benefit assets	4,753	4,860
Accrued investment income	1,122	1,108
Goodwill	1,144	1,144
Other assets	7,154	7,499
Separate account assets	180,092	168,438
Total assets	417,204	390,831
Liabilities
Policyholder account balances	136,245	126,197
Future contract benefits	42,077	39,807
Funds withheld reinsurance liabilities	17,922	16,907
Market risk benefit liabilities	1,118	1,046
Deferred front-end loads	7,586	6,730
Payables for collateral on investments	7,954	10,020
Short-term debt	400	300
Long-term debt	5,866	5,856
Other liabilities	7,038	7,261
Separate account liabilities	180,092	168,438
Total liabilities	406,298	382,562
Contingencies and Commitments (See Note 17)
Stockholders’ Equity
Common stock – 800,000,000 shares authorized; 190,051,477 and 170,380,646 shares issued and outstanding as of December 31, 2025 and 2024, respectively	5,592	4,674
Retained earnings	8,386	7,645
Accumulated other comprehensive income (loss)	(4,058)	(5,036)
Total stockholders’ equity	10,906	8,269
Total liabilities and stockholders’ equity	417,204	390,831
Series C Preferred Stock
Stockholders’ Equity
Preferred stock	493	493
Series D Preferred Stock
Stockholders’ Equity
Preferred stock	$ 493	$ 493