v3.25.4
Segment Information - Reconciliation of Income (Loss) from Operations by Segment to Consolidated Net Income (Loss) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Operating revenues $ 15,751 $ 12,078 $ 15,059
Interest credited 3,478 3,160 3,202
Commissions 2,238 2,076 2,082
General and administrative expenses 2,549 2,539 2,580
Interest and debt expense 146 185 190
Total federal income tax expense (benefit) 103 452 (673)
Reconciliation of total income (loss) from operations to net income (loss):      
Net annuity product features, pre-tax (5) 1,175 2,085 1,640
Net life insurance product features, pre-tax (80) (237) 187
Credit loss-related adjustments, pre-tax (134) (152) (74)
Investment gains (losses), pre-tax (36) (311) (4,080)
Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans, pre-tax (452) 203 (22)
GLB rider fees ceded to LNBAR, pre-tax (941) (933) (923)
Gains (losses) on other non-financial assets – sale of subsidiaries/businesses, pre-tax (14) 481  
Other items, pre-tax (154) (144) (163)
Certain legal accruals, before tax (9) (18)  
Severance expense for workforce realignment, before tax   (74) (7)
Transaction and integration costs for acquisitions or divestiture, before tax (25) (29) (4)
Deferred compensation mark-to-market adjustment, before tax   (11) (2)
Income tax benefit (expense) related to the above pre-tax items 128 (214) 735
Net income (loss) 965 2,130 (1,788)
Changes in non-performance 218 929 1,129
Regulatory expense $ 2 12  
Legal fees     (120)
Other corporate initiatives related to the reinsurance transaction     (30)
Number Of Reportable Segments Disclosed By Definition Flag The following is a brief description of these segments and Other Operations    
Wealth Management Business      
Reconciliation of total income (loss) from operations to net income (loss):      
Transaction and integration costs for acquisitions or divestiture, before tax $ (25)    
Captive Reinsurance Subsidiaries      
Reconciliation of total income (loss) from operations to net income (loss):      
Transaction and integration costs for acquisitions or divestiture, before tax (54)    
Bain Capital Prairie, LLC      
Reconciliation of total income (loss) from operations to net income (loss):      
Transaction and integration costs for acquisitions or divestiture, before tax (21)    
Embedded Derivative Instruments      
Reconciliation of total income (loss) from operations to net income (loss):      
Change in fair value of embedded derivatives 270 480 (235)
Qualifying Hedges      
Segment Reporting Information [Line Items]      
Interest and debt expense 5,451 2,100 5,044
Reconciliation of total income (loss) from operations to net income (loss):      
Change in fair value of embedded derivatives 687 676 746
Operating Segments and Corporate Non Segment      
Segment Reporting Information [Line Items]      
Operating revenues 15,751 12,078 15,059
Benefits and policyholder liability remeasurement (gain) loss 5,352 2,096 5,458
Interest credited 3,478 3,160 3,202
Commissions 2,238 2,076 2,082
General and administrative expenses 2,496 2,441 2,459
Interest and debt expense 146 185 190
Other 329 522 711
Total operating expenses 14,039 10,480 14,102
Total federal income tax expense (benefit) 239 246 45
Total income (loss) from operations 1,473 1,352 912
Other Operations      
Segment Reporting Information [Line Items]      
Operating revenues 185 149 (778)
Benefits and policyholder liability remeasurement (gain) loss 11 6 (871)
Interest credited 80 32 36
Commissions 5 0 0
General and administrative expenses 172 182 193
Interest and debt expense 146 185 190
Other 3 3 4
Total operating expenses 417 408 (448)
Total federal income tax expense (benefit) (49) (49) (76)
Total income (loss) from operations (183) (210) (254)
Annuities | Operating Segments      
Segment Reporting Information [Line Items]      
Operating revenues 4,568 4,549 2,625
Benefits and policyholder liability remeasurement (gain) loss 103 143 (1,506)
Interest credited 1,801 1,538 1,254
Commissions 1,291 1,115 972
General and administrative expenses 532 495 469
Interest and debt expense 0 0 0
Other (156) 156 517
Total operating expenses 3,571 3,447 1,706
Total federal income tax expense (benefit) 130 172 79
Total income (loss) from operations 867 930 840
Life Insurance | Operating Segments      
Segment Reporting Information [Line Items]      
Operating revenues 4,916 4,988 6,362
Benefits and policyholder liability remeasurement (gain) loss 2,603 2,732 4,103
Interest credited 903 909 1,242
Commissions 326 442 577
General and administrative expenses 535 554 610
Interest and debt expense 0 0 0
Other 330 194 18
Total operating expenses 4,697 4,831 6,550
Total federal income tax expense (benefit) 19 13 (62)
Total income (loss) from operations 200 144 (126)
Reconciliation of total income (loss) from operations to net income (loss):      
Transaction and integration costs for acquisitions or divestiture, before tax (22)    
Group Protection | Operating Segments      
Segment Reporting Information [Line Items]      
Operating revenues 4,745 1,088 5,560
Benefits and policyholder liability remeasurement (gain) loss 2,635 (785) 3,732
Interest credited 2 6 5
Commissions 501 415 446
General and administrative expenses 915 870 846
Interest and debt expense 0 0 0
Other 136 153 155
Total operating expenses 4,189 659 5,184
Total federal income tax expense (benefit) 117 90 79
Total income (loss) from operations 439 339 297
Retirement Plan Services | Operating Segments      
Segment Reporting Information [Line Items]      
Operating revenues 1,337 1,304 1,290
Benefits and policyholder liability remeasurement (gain) loss 0 0 0
Interest credited 692 675 665
Commissions 115 104 87
General and administrative expenses 342 340 341
Interest and debt expense 0 0 0
Other 16 16 17
Total operating expenses 1,165 1,135 1,110
Total federal income tax expense (benefit) 22 20 25
Total income (loss) from operations $ 150 $ 149 $ 155