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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 $ 3,416 $ 5,841 $ 5,359
Fee income 5,168 5,366 5,766
Net investment income 5,712 5,274 5,839
Realized gain (loss) (4,934) 418 859
Amortization of deferred gain (loss) on business sold through reinsurance 48 37 32
Other revenues 649 621 657
Total revenues 10,059 17,557 18,512
Expenses      
Benefits 5,028 8,203 8,027
Interest credited 3,202 2,860 2,912
Market risk benefit (gain) loss (1,135) 296 (1,554)
Policyholder liability remeasurement (gain) loss (167) 2,445 (119)
Commissions and other expenses 5,249 4,927 5,011
Interest and debt expense 190 137 114
Spark program expense 153 167 87
Impairment of intangibles 0 634 0
Total expenses 12,520 19,669 14,478
Income (loss) before taxes (2,461) (2,112) 4,034
Federal income tax expense (benefit) (673) (437) 737
Net income (loss) (1,788) (1,675) 3,297
Other comprehensive income (loss), net of tax:      
Unrealized investment gain (loss) 4,942 (17,639) (3,233)
Market risk benefit non-performance risk gain (loss) (670) (211) (923)
Policyholder liability discount rate remeasurement gain (loss) (145) 1,891 560
Funded status of employee benefit plans 1 (4) 3
Total other comprehensive income (loss), net of tax 4,128 (15,963) (3,593)
Comprehensive income (loss) $ 2,340 $ (17,638) $ (296)