v3.25.4
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Insurance premiums $ 5,305 $ 1,866 $ 3,416
Fee income 4,547 4,486 5,168
Net investment income 5,625 5,107 5,733
Realized (gain) loss 746 (276) 4,934
Other revenues 297 553 676
Total revenues 15,028 12,288 10,059
Expenses      
Benefits 5,451 2,100 5,028
Policyholder liability remeasurement (gain) loss (99) (20) (167)
Interest credited 3,478 3,160 3,202
Market risk benefit (gain) loss (223) (938) (1,135)
Commissions and other expenses 5,207 5,219 5,402
Interest and debt expense 146 185 190
Total expenses 13,960 9,706 12,520
Income (loss) before taxes 1,068 2,582 (2,461)
Federal income tax expense (benefit) 103 452 (673)
Net income (loss) 965 2,130 (1,788)
Other comprehensive income (loss), net of tax:      
Unrealized investment gain (loss) 984 30 4,942
Market risk benefit non-performance risk gain (loss) (406) (924) (670)
Policyholder liability discount rate remeasurement gain (loss) (206) 150 (145)
Funded status of employee benefit plans 3 (1) 1
Total other comprehensive income (loss), net of tax 375 (745) 4,128
Comprehensive income (loss) $ 1,340 $ 1,385 $ 2,340