Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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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 |
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- Definition Amount of benefits, claims and expenses that are related to an insurance entity's segregated group of participating or dividend-paying policies and contracts along with the assets allocated to them (known as a closed block). Includes, but is not limited to, death benefits, matured endowments, participating dividends, general expenses and deferred acquisition costs related to the closed block. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Difference between prior period and current period estimated policy claims and interest due to and designated to policies in an insurance entity's segregated group of participating or dividend-paying policies and contracts along with the assets allocated to them (known as a closed block). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of income tax expense or benefit allocated to the operations of the closed block for the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Income for the period from the investments allocated to an insurance entity's segregated group of participating or dividend-paying policies and contracts (known as a closed block), net of investment expenses, which are typically reported in a table of closed block operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net income (loss) from operations of the closed block. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense classified as other allocated to the closed block. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue classified as other allocated to the closed block. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition An expense for the period for estimated policy claims in an insurance entity's segregated group of participating or dividend-paying policies and contracts along with the assets allocated to them (known as a closed block), as typically reported in a table of closed block operations as part of summarized financial data. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition An expense for the period representing distributions paid or accrued for the segregated group of participating or dividend-paying policies and contracts along with the assets allocated to them (known as a closed block), which may be presented in a table of closed block operations as part of summarized financial data. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition For the segregated group of participating or dividend-paying policies and contracts along with the assets allocated to them (known as a closed block), revenue for the period from insurance policy premiums; typically included in a table of closed block operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Gains and losses realized for the period from the investments allocated to an insurance entity's segregated group of participating or dividend-paying policies and contracts (known as a closed block). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The revenues less expenses from operations of the closed block during the period, before income taxes allocated thereto. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total revenues from an insurance company's segregated group of participating or dividend-paying policies and contracts along with the assets allocated to them (known as a closed block). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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