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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Net investment income $ 435 $ 361 $ 1,282 $ 1,110
Fee income 344 289 977 841
Premiums 1 6 (4) 4
Realized capital gains (losses) (30) (26) (99) (22)
Other revenue 18 19 57 47
Total revenues 768 649 2,213 1,980
Benefits and expenses:        
Interest credited and other benefits to contract owners/policyholders 243 208 659 584
Operating expenses 326 290 972 875
Net amortization of DAC and VOBA 25 18 76 55
Total benefits and expenses 595 516 1,709 1,515
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 173 133 504 465
Income tax expense (benefit) 23 15 66 46
Net Income (Loss) Attributable to Parent, Total $ 150 $ 118 $ 438 $ 419