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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
FROM OPERATIONS        
Investment income, net $ 210.1 $ 179.8 $ 569.0 $ 566.5
Net realized loss on investments (83.2) (145.1) (347.0) (127.6)
Net change in unrealized loss on investments and debt (221.0) (669.5) (1,347.1) (3,040.0)
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS (94.1) (634.8) (1,125.1) (2,601.1)
FROM TRANSACTIONS BY CONTRACT OWNERS AND TIAA        
Premiums 697.2 484.7 2,131.7 1,535.1
Purchase of liquidity units by TIAA 0.0 189.9 293.7 189.9
Annuity payments (11.1) (13.7) (35.6) (41.9)
Death benefits (35.6) (43.3) (112.0) (121.5)
Withdrawals (711.1) (1,046.8) (2,400.5) (3,684.5)
NET DECREASE IN NET ASSETS RESULTING FROM TRANSACTIONS BY CONTRACT OWNERS AND TIAA (60.6) (429.2) (122.7) (2,122.9)
NET DECREASE IN NET ASSETS (154.7) (1,064.0) (1,247.8) (4,724.0)
NET ASSETS        
Beginning of period 22,525.8 25,998.1 23,618.9 29,658.1
End of period $ 22,371.1 $ 24,934.1 $ 22,371.1 $ 24,934.1