v3.26.1
Segment Information - Schedule of Segment Results (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Revenues    
Fee income $ 1,998 $ 1,986
Premiums 28 40
Net investment income 740 755
Other income (loss) 12 14
Total revenues 2,902 3,750
Operating Benefits and Expenses    
Death, other policy benefits and change in policy reserves, net of deferrals 258 244
(Gain) loss from updating future policy benefits cash flow assumptions, net 18 12
Interest credited 315 288
Interest expense 25 25
Asset-based commission expenses 295 284
Other commission expenses 322 215
Sub-advisor expenses 74 78
General and administrative expenses 299 259
Deferral of acquisition costs (255) (159)
Amortization of deferred acquisition costs 281 275
Pretax income (loss) (400) (17)
Corporate And Reconciling Items    
Operating Revenues    
Fee income 1,225 1,215
Premiums 30 43
Net investment income 617 501
Other income (loss) 12 14
Total revenues 1,884 1,773
Operating Benefits and Expenses    
Death, other policy benefits and change in policy reserves, net of deferrals 201 183
(Gain) loss from updating future policy benefits cash flow assumptions, net 15 11
Interest credited 318 288
Interest expense 25 25
Asset-based commission expenses 295 284
Other commission expenses 322 215
Sub-advisor expenses 74 78
General and administrative expenses 299 259
Deferral of acquisition costs (255) (159)
Amortization of deferred acquisition costs 160 147
Total Operating Benefits and Expenses 1,454 1,331
Pretax income (loss) 430 442
Operating Segments | Retail Annuities    
Operating Revenues    
Fee income 1,111 1,095
Premiums 5 14
Net investment income 320 187
Other income (loss) 6 7
Total revenues 1,442 1,303
Operating Benefits and Expenses    
Death, other policy benefits and change in policy reserves, net of deferrals 30 29
(Gain) loss from updating future policy benefits cash flow assumptions, net (1) (3)
Interest credited 118 94
Interest expense 6 6
Asset-based commission expenses 295 284
Other commission expenses 315 206
Sub-advisor expenses 76 80
General and administrative expenses 232 200
Deferral of acquisition costs (255) (158)
Amortization of deferred acquisition costs 158 145
Total Operating Benefits and Expenses 974 883
Pretax income (loss) 468 420
Operating Segments | Institutional Products    
Operating Revenues    
Fee income 0 0
Premiums 0 0
Net investment income 143 116
Other income (loss) 0 0
Total revenues 143 116
Operating Benefits and Expenses    
Death, other policy benefits and change in policy reserves, net of deferrals 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0
Interest credited 114 97
Interest expense 0 0
Asset-based commission expenses 0 0
Other commission expenses 0 0
Sub-advisor expenses 0 0
General and administrative expenses 1 1
Deferral of acquisition costs 0 0
Amortization of deferred acquisition costs 0 0
Total Operating Benefits and Expenses 115 98
Pretax income (loss) 28 18
Operating Segments | Closed Life and Annuity Blocks    
Operating Revenues    
Fee income 103 108
Premiums 25 29
Net investment income 146 187
Other income (loss) 6 6
Total revenues 280 330
Operating Benefits and Expenses    
Death, other policy benefits and change in policy reserves, net of deferrals 171 154
(Gain) loss from updating future policy benefits cash flow assumptions, net 16 14
Interest credited 86 97
Interest expense 0 0
Asset-based commission expenses 0 0
Other commission expenses 7 9
Sub-advisor expenses 0 0
General and administrative expenses 27 27
Deferral of acquisition costs 0 (1)
Amortization of deferred acquisition costs 2 2
Total Operating Benefits and Expenses 309 302
Pretax income (loss) (29) 28
Corporate and Other    
Operating Revenues    
Fee income 11 12
Premiums 0 0
Net investment income 8 11
Other income (loss) 0 1
Total revenues 19 24
Operating Benefits and Expenses    
Death, other policy benefits and change in policy reserves, net of deferrals 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0
Interest credited 0 0
Interest expense 19 19
Asset-based commission expenses 0 0
Other commission expenses 0 0
Sub-advisor expenses (2) (2)
General and administrative expenses 39 31
Deferral of acquisition costs 0 0
Amortization of deferred acquisition costs 0 0
Total Operating Benefits and Expenses 56 48
Pretax income (loss) $ (37) $ (24)