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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Net investment income $ 413,000,000 $ 376,000,000
Fee income 316,000,000 272,000,000
Premiums (1,000,000) 0
Realized capital gains (losses) (19,000,000) 15,000,000
Other revenue 20,000,000 11,000,000
Total revenues 729,000,000 674,000,000
Benefits and expenses:    
Interest credited and other benefits to contract owners/policyholders 207,000,000 182,000,000
Operating expenses 323,000,000 304,000,000
Net amortization of DAC and VOBA 25,000,000 18,000,000
Total benefits and expenses 556,000,000 504,000,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 173,000,000 170,000,000
Income tax expense (benefit) 23,000,000 10,000,000
Net Income (Loss) Attributable to Parent, Total $ 150,000,000 $ 160,000,000