Reinsurance - Effect of Reinusance (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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Premiums: | ||||
Direct premiums | $ 956 | $ 1,025 | $ 1,914 | $ 2,054 |
Reinsurance assumed | 3 | 4 | 11 | 11 |
Reinsurance ceded | 241 | 239 | 470 | 475 |
Premiums | 718 | 790 | 1,455 | 1,590 |
Fee income: | ||||
Gross fee income | 651 | 612 | 1,296 | 1,220 |
Reinsurance assumed | 24 | 4 | 50 | 8 |
Reinsurance ceded | 98 | 99 | 199 | 198 |
Net fee income | 577 | 517 | 1,147 | 1,030 |
Interest credited and other benefits to contract owners / policyholders: | ||||
Direct interest credited and other benefits to contract owners / policyholders | 1,098 | 1,157 | 2,252 | 2,338 |
Reinsurance assumed | 35 | 17 | 60 | 36 |
Reinsurance ceded | 332 | 331 | 676 | 680 |
Net interest credited and other benefits to contract owners / policyholders | $ 801 | $ 843 | $ 1,636 | $ 1,694 |
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- Definition Amount of earned premiums assumed from other entities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of earned premiums ceded to other entities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, before premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, before effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of policy benefits and costs incurred for policies assumed. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of reduction of provision for policy benefits and costs incurred for policies ceded. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Assumed Insurance Commissions and Fees No definition available.
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- Definition Ceded Insurance Commissions And Fees No definition available.
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- Definition Policyholder Interest and Other Benefits, Net No definition available.
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