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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Insurance premiums $ 1,866 $ 3,416 $ 5,841
Fee income 4,486 5,168 5,366
Net investment income 5,088 5,712 5,274
Realized gain (loss) 276 (4,934) 418
Other revenues 572 697 658
Total revenues 12,288 10,059 17,557
Expenses      
Benefits 2,100 5,028 8,203
Interest credited 3,160 3,202 2,860
Market risk benefit (gain) loss (938) (1,135) 296
Policyholder liability remeasurement (gain) loss (20) (167) 2,445
Commissions and other expenses 5,219 5,402 5,094
Interest and debt expense 185 190 137
Impairment of intangibles 0 0 634
Total expenses 9,706 12,520 19,669
Income (loss) before taxes 2,582 (2,461) (2,112)
Federal income tax expense (benefit) 452 (673) (437)
Net income (loss) 2,130 (1,788) (1,675)
Other comprehensive income (loss), net of tax:      
Unrealized investment gain (loss) 30 4,942 (17,639)
Market risk benefit non-performance risk gain (loss) (924) (670) (211)
Policyholder liability discount rate remeasurement gain (loss) 150 (145) 1,891
Funded status of employee benefit plans (1) 1 (4)
Total other comprehensive income (loss), net of tax (745) 4,128 (15,963)
Comprehensive income (loss) $ 1,385 $ 2,340 $ (17,638)