Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Revenues: | ||||
| Net investment income | $ 434,000,000 | $ 373,000,000 | $ 847,000,000 | $ 749,000,000 |
| Fee income | 317,000,000 | 280,000,000 | 633,000,000 | 552,000,000 |
| Premiums | (4,000,000) | (2,000,000) | (5,000,000) | (2,000,000) |
| Realized capital gains (losses) | (50,000,000) | (11,000,000) | (69,000,000) | 4,000,000 |
| Other revenue | 19,000,000 | 17,000,000 | 39,000,000 | 28,000,000 |
| Total revenues | 716,000,000 | 657,000,000 | 1,445,000,000 | 1,331,000,000 |
| Benefits and expenses: | ||||
| Interest credited and other benefits to contract owners/policyholders | 209,000,000 | 194,000,000 | 416,000,000 | 376,000,000 |
| Operating expenses | 323,000,000 | 281,000,000 | 646,000,000 | 585,000,000 |
| Net amortization of DAC and VOBA | 26,000,000 | 19,000,000 | 51,000,000 | 37,000,000 |
| Total benefits and expenses | 558,000,000 | 495,000,000 | 1,114,000,000 | 999,000,000 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 158,000,000 | 162,000,000 | 331,000,000 | 332,000,000 |
| Income tax expense (benefit) | 20,000,000 | 21,000,000 | 43,000,000 | 31,000,000 |
| Net Income (Loss) Attributable to Parent, Total | $ 138,000,000 | $ 141,000,000 | $ 288,000,000 | $ 301,000,000 |
| X | ||||||||||
- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of amortization expense (reversal of expense) for deferred policy acquisition costs and present value of future profits from insurance contract acquired in business combination. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. 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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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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 realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Represents the aggregate of interest allocated to policyholders, under a contract for providing a guaranteed yield and provision for benefits, claims and claims settlement expenses incurred during the period. No definition available.
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