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Condensed Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Net investment income $ 1,482,000,000 $ 1,523,000,000 $ 1,619,000,000
Fee income 1,136,000,000 993,000,000 979,000,000
Premiums 9,000,000 29,000,000 16,000,000
Realized capital gains (losses) (44,000,000) (134,000,000) (429,000,000)
Other Nonoperating Income (Expense) 65,000,000 18,000,000 41,000,000
Total revenues 2,648,000,000 2,429,000,000 2,226,000,000
Benefits and expenses:      
Interest credited and other benefits to contract owners/policyholders 770,000,000 817,000,000 730,000,000
Operating expenses 1,160,000,000 1,133,000,000 1,132,000,000
Net amortization of Deferred policy acquisition costs and Value of business acquired 73,000,000 76,000,000 81,000,000
Interest expense 2,000,000 3,000,000 1,000,000
Total benefits and expenses 2,005,000,000 2,029,000,000 1,944,000,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 643,000,000 400,000,000 282,000,000
Income tax expense (benefit) 57,000,000 13,000,000 (51,000,000)
Net income $ 586,000,000 $ 387,000,000 $ 333,000,000