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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Insurance premiums $ 6,666 $ 6,425 $ 3,672
Fee income 5,496 5,402 5,467
Net investment income 6,075 5,544 5,900
Realized gain (loss) (799) 269 (4,311)
Other revenues 774 802 917
Total revenues 18,212 18,442 11,645
Expenses      
Benefits 7,960 7,918 6,138
Policyholder liability remeasurement (gain) loss (191) (190) (152)
Interest credited 3,743 3,443 3,248
Market risk benefit (gain) loss (372) (2,677) (2,264)
Commissions and other expenses 5,507 5,590 5,492
Interest and debt expense 227 336 331
Total expenses 16,874 14,420 12,793
Income (loss) before taxes 1,338 4,022 (1,148)
Federal income tax expense (benefit) 161 747 (396)
Net income (loss) 1,177 3,275 (752)
Other comprehensive income (loss), net of tax:      
Unrealized investment gain (loss) 1,638 (788) 3,715
Market risk benefit non-performance risk gain (loss) (408) (924) (671)
Policyholder liability discount rate remeasurement gain (loss) (264) 157 (160)
Foreign currency translation adjustment 11 (3) 8
Funded status of employee benefit plans 1 (2) (16)
Total other comprehensive income (loss), net of tax 978 (1,560) 2,876
Comprehensive income (loss) 2,155 1,715 2,124
Net Income (Loss) Available to Common Stockholders      
Net income (loss) 1,177 3,275 (752)
Preferred stock dividends declared (91) (91) (82)
Net income (loss) available to common stockholders $ 1,086 $ 3,184 $ (834)
Net Income (Loss) Per Common Share      
Basic (in dollars per share) $ 5.94 $ 18.66 $ (4.92)
Diluted (in dollars per share) 5.83 18.41 (4.92)
Cash Dividends Declared Per Common Share (in dollars per share) $ 1.80 $ 1.80 $ 1.80