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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Insurance premiums $ 1,627 $ 1,531
Fee income 1,129 1,110
Net investment income 1,341 1,224
Realized gain (loss) (248) (57)
Other revenues 88 248
Total revenues 3,937 4,056
Expenses    
Benefits 1,769 1,739
Interest credited 823 752
Market risk benefit (gain) loss 618 (697)
Policyholder liability remeasurement (gain) loss (25) (11)
Commissions and other expenses 1,303 1,402
Interest and debt expense 40 48
Total expenses 4,528 3,233
Income (loss) before taxes (591) 823
Federal income tax expense (benefit) (152) 166
Net income (loss) (439) 657
Other comprehensive income (loss), net of tax:    
Unrealized investment gain (loss) 185 533
Market risk benefit non-performance risk gain (loss) 318 (464)
Policyholder liability discount rate remeasurement gain (loss) (79) 105
Total other comprehensive income (loss), net of tax 424 174
Comprehensive income (loss) $ (15) $ 831