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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option $ 20,397 $ 17,848
Fixed maturities, at fair value using the fair value option 1,168 1,197
Equity Securities, FV-NI, Current 74 66
Other Short-Term Investments 33 20
Financing Receivable, after Allowance for Credit Loss, Current 4,412 3,613
Policy loans 159 163
Limited partnerships/corporations 1,309 1,227
Derivatives 142 239
Other investments 117 94
Total investments 28,811 25,556
Cash and cash equivalents 320 516
Short-term investments under securities loan agreements, including collateral delivered 828 839
Accrued investment income 311 276
Premiums and Other Receivables, Net 2,460 2,560
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net 1,265 907
Deferred Income Tax Assets, Net 502 662
Other assets 2,638 1,396
Assets held in separate accounts 108,695 98,579
Total assets 145,830 131,291
Liabilities and Shareholder's Equity    
Future policy benefits and contract owner account balances 32,902 29,268
Payables under securities loan and repurchase agreements, including collateral held 938 897
Related Party [Member] 94 100
Derivatives 238 268
Other liabilities 676 639
Liabilities related to separate accounts 108,695 98,579
Total liabilities 143,543 129,751
Commitments and Contingencies (Note 13)
Shareholder's equity:    
Common Stock, Value, Issued 3 3
Additional paid-in capital 2,929 2,754
Accumulated other comprehensive income (loss) (1,116) (1,644)
Retained earnings (deficit) 471 427
Total shareholder's equity 2,287 1,540
Total liabilities and shareholder's equity 145,830 131,291
Collateral Pledged    
Investments:    
Debt Securities, Available-for-Sale, Restricted $ 1,000 $ 1,089