v3.25.2
Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Premiums $ 444 $ 433 $ 862 $ 842
Net investment income 511 506 1,003 1,019
Realized investment gains (losses), net (199) (174) (255) (299)
Other income (loss) 190 43 156 207
Total Closed Block revenues 946 808 1,766 1,769
Benefits and Expenses        
Policyholders’ benefits 616 604 1,217 1,188
Interest credited to policyholders’ account balances 28 29 56 59
Dividends to policyholders 249 162 377 437
General and administrative expenses 64 67 142 134
Total Closed Block benefits and expenses 957 862 1,792 1,818
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (11) (54) (26) (49)
Income tax expense (benefit) (31) (73) (66) (88)
Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 20 $ 19 $ 40 $ 39