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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Insurance premiums $ 1,531 $ 1,516
Fee income 1,110 1,321
Net investment income 1,224 1,409
Realized gain (loss) (57) (394)
Amortization of deferred gain (loss) on business sold through reinsurance 30 8
Other revenues 218 157
Total revenues 4,056 4,017
Expenses    
Benefits 1,739 2,195
Interest credited 752 781
Market risk benefit (gain) loss (697) 1,071
Policyholder liability remeasurement (gain) loss (11) (118)
Commissions and other expenses 1,402 1,272
Interest and debt expense 48 46
Total expenses 3,233 5,247
Income (loss) before taxes 823 (1,230)
Federal income tax expense (benefit) 166 (302)
Net income (loss) 657 (928)
Other comprehensive income (loss), net of tax:    
Unrealized investment gain (loss) 533 1,777
Market risk benefit non-performance risk gain (loss) (464) 1,026
Policyholder liability discount rate remeasurement gain (loss) 105 (190)
Total other comprehensive income (loss), net of tax 174 2,613
Comprehensive income (loss) $ 831 $ 1,685