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CONSOLIDATED STATEMENTS OF STOCKHOLDER’S EQUITY - USD ($)
$ in Millions
Total
Common Stock
Retained Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Balance as of beginning-of-year at Dec. 31, 2023   $ 12,961 $ (869) $ (1,585)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   0    
Stock compensation/issued for benefit plans   30    
Net income (loss) $ 1,418   1,418  
Dividends paid to Lincoln National Corporation     (1,124)  
Other comprehensive income (loss), net of tax 198     198
Balance as of end-of-period at Jun. 30, 2024 11,029 12,991 (575) (1,387)
Balance as of beginning-of-year at Mar. 31, 2024   12,978 (392) (1,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   0    
Stock compensation/issued for benefit plans   13    
Net income (loss) 761   761  
Dividends paid to Lincoln National Corporation     (944)  
Other comprehensive income (loss), net of tax 24     24
Balance as of end-of-period at Jun. 30, 2024 11,029 12,991 (575) (1,387)
Balance as of beginning-of-year at Dec. 31, 2024 10,512 13,015 (173) (2,330)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   800    
Stock compensation/issued for benefit plans   38    
Net income (loss) 188   188  
Dividends paid to Lincoln National Corporation     (400)  
Other comprehensive income (loss), net of tax 376     376
Balance as of end-of-period at Jun. 30, 2025 11,514 13,853 (385) (1,954)
Balance as of beginning-of-year at Mar. 31, 2025   13,039 (842) (1,906)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   800    
Stock compensation/issued for benefit plans   14    
Net income (loss) 627   627  
Dividends paid to Lincoln National Corporation     (170)  
Other comprehensive income (loss), net of tax (48)     (48)
Balance as of end-of-period at Jun. 30, 2025 $ 11,514 $ 13,853 $ (385) $ (1,954)