Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]

Deferred Policy Acquisition Costs

Information regarding DAC and VOBA was as follows:

	Variable Annuities		Fixed Rate Annuities		Index-linked Annuities		Term and Whole Life Insurance		Universal Life Insurance
	(In millions)
DAC:
Balance at January 1, 2023	$	2,414	$	107	$	1,213	$	347	$	115
Capitalization	36		14		344		2		13
Amortization	(233)		(11)		(225)		(43)		(9)
Balance at December 31, 2023	2,217		110		1,332		306		119
Capitalization	39		8		373		4		13
Amortization	(216)		(3)		(243)		(39)		(10)
Balance at December 31, 2024	2,040		115		1,462		271		122
Capitalization	46		7		394		(2)		21
Amortization	(205)		(2)		(275)		(38)		(8)
Balance at December 31, 2025	$	1,881	$	120	$	1,581	$	231	$	135
VOBA:
Balance at January 1, 2023	$	341	$	65	$	—	$	5	$	35
Amortization	(32)		(6)		—		(1)		(4)
Balance at December 31, 2023	309		59		—		4		31
Amortization	(30)		(4)		—		(1)		(4)
Balance at December 31, 2024	279		55		—		3		27
Amortization	(28)		(4)		—		—		(4)
Balance at December 31, 2025	$	251	$	51	$	—	$	3	$	23
Total DAC and VOBA:
Balance at December 31, 2025	$	2,132	$	171	$	1,581	$	234	$	158
Balance at December 31, 2024	$	2,319	$	170	$	1,462	$	274	$	149
Balance at December 31, 2023	$	2,526	$	169	$	1,332	$	310	$	150

Present Value of Future Insurance Profits

Information regarding DAC and VOBA was as follows:

	Variable Annuities		Fixed Rate Annuities		Index-linked Annuities		Term and Whole Life Insurance		Universal Life Insurance
	(In millions)
DAC:
Balance at January 1, 2023	$	2,414	$	107	$	1,213	$	347	$	115
Capitalization	36		14		344		2		13
Amortization	(233)		(11)		(225)		(43)		(9)
Balance at December 31, 2023	2,217		110		1,332		306		119
Capitalization	39		8		373		4		13
Amortization	(216)		(3)		(243)		(39)		(10)
Balance at December 31, 2024	2,040		115		1,462		271		122
Capitalization	46		7		394		(2)		21
Amortization	(205)		(2)		(275)		(38)		(8)
Balance at December 31, 2025	$	1,881	$	120	$	1,581	$	231	$	135
VOBA:
Balance at January 1, 2023	$	341	$	65	$	—	$	5	$	35
Amortization	(32)		(6)		—		(1)		(4)
Balance at December 31, 2023	309		59		—		4		31
Amortization	(30)		(4)		—		(1)		(4)
Balance at December 31, 2024	279		55		—		3		27
Amortization	(28)		(4)		—		—		(4)
Balance at December 31, 2025	$	251	$	51	$	—	$	3	$	23
Total DAC and VOBA:
Balance at December 31, 2025	$	2,132	$	171	$	1,581	$	234	$	158
Balance at December 31, 2024	$	2,319	$	170	$	1,462	$	274	$	149
Balance at December 31, 2023	$	2,526	$	169	$	1,332	$	310	$	150

Deferred Sales Inducement Cost

Information regarding DSI, included in other assets, was as follows:

	December 31,
	2025				2024				2023
	Variable Annuities		Fixed Rate Annuities		Variable Annuities		Fixed Rate Annuities		Variable Annuities		Fixed Rate Annuities
	(In millions)
Balance, beginning of year	$	189	$	6	$	209	$	8	$	233	$	9
Capitalization	—		—		1		—		1		—
Amortization	(20)		(1)		(21)		(2)		(25)		(1)
Balance, end of year	$	169	$	5	$	189	$	6	$	209	$	8

Unearned Revenue

Information regarding unearned revenue, included in other policy-related balances, was as follows:

	December 31,
	2025						2024						2023
	Universal Life Insurance		ULSG		Variable Annuities		Universal Life Insurance		ULSG		Variable Annuities		Universal Life Insurance		ULSG		Variable Annuities
	(In millions)
Balance, beginning of year	$	190	$	715	$	59	$	167	$	612	$	66	$	143	$	488	$	73
Capitalization	38		154		—		34		166		—		35		174		—
Amortization	(13)		(76)		(6)		(11)		(63)		(7)		(11)		(50)		(7)
Balance, end of year	$	215	$	793	$	53	$	190	$	715	$	59	$	167	$	612	$	66