v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
FROM OPERATIONS        
Investment income, net $ 201.4 $ 168.7 $ 412.1 $ 358.9
Net realized loss on investments (526.7) (194.5) (704.6) (263.8)
Net change in unrealized gain (loss) on investments and debt 509.5 (379.2) 696.4 (1,126.1)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS 184.2 (405.0) 403.9 (1,031.0)
FROM TRANSACTIONS BY CONTRACT OWNERS AND TIAA        
Premiums 648.8 763.7 1,462.8 1,434.5
Purchase of liquidity units by TIAA 0.0 51.0 0.0 293.7
Annuity payments (10.8) (11.2) (21.8) (24.5)
Death benefits (35.2) (40.3) (68.1) (76.4)
Withdrawals (692.1) (802.0) (1,588.2) (1,689.4)
NET (DECREASE) INCREASE IN NET ASSETS RESULTING FROM TRANSACTIONS BY CONTRACT OWNERS AND TIAA (89.3) (38.8) (215.3) (62.1)
NET INCREASE (DECREASE) IN NET ASSETS 94.9 (443.8) 188.6 (1,093.1)
NET ASSETS        
Beginning of period 22,580.6 22,969.6 22,486.9 23,618.9
End of period $ 22,675.5 $ 22,525.8 $ 22,675.5 $ 22,525.8