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Nature of Operations and Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Segment Reporting Information, by Segment
We present disaggregated disclosures in the Notes below for long-duration insurance balances, applying the level of aggregation by business segment as follows:

Business Segment
Level of Aggregation
Annuities
Variable Annuities
Fixed Annuities
Payout Annuities
Life Insurance
Traditional Life
UL and Other
Group Protection
Group Protection
Retirement Plan Services
Retirement Plan Services

The variable annuities level of aggregation includes RILA products, which are indexed variable annuities. The fixed annuities level of aggregation represents deferred fixed annuities. We have excluded amounts reported in Other Operations from our disaggregated disclosures that are attributable to the indemnity reinsurance agreements with Protective Life Insurance Company (“Protective”) and Swiss Re Life & Health America, Inc (“Swiss Re”) as these contracts are fully reinsured, run-off institutional pension business in the form of group annuity and the results of certain disability income business.
Other business segment and Other Operations information (in millions) was as follows:

For the Three
Months Ended
June 30,
For the Six
Months Ended
June 30,
2025202420252024
Net Investment Income
Annuities$502 $455 $997 $871 
Life Insurance495 423 972 891 
Group Protection92 88 178 172 
Retirement Plan Services250 245 499 485 
Other Operations22 21 56 37 
Total net investment income$1,361 $1,232 $2,702 $2,456