v3.26.1
BUSINESS SEGMENT INFORMATION - Operating Earning (Loss) By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting [Line Items]    
Segment revenues $ 3,613 $ 3,784
Benefits and other deductions    
Policyholders’ benefits 385 759
Interest credited to policyholders’ account balances 788 663
Commissions and distribution-related payments 556 501
Amortization of deferred policy acquisition costs 209 188
Compensation and benefits 568 592
Interest expense and financing fees 68 58
Total benefits and other deductions 2,574 2,761
Other segment items 371 391
Income taxes (105) (102)
Less: Operating (earnings) loss attributable to the noncontrolling interest 91 109
Operating earnings (loss) 472 421
Operating Segments | Retirement    
Segment Reporting [Line Items]    
Segment revenues 1,679 1,455
Benefits and other deductions    
Policyholders’ benefits 70 92
Interest credited to policyholders’ account balances 737 530
Commissions and distribution-related payments 171 142
Amortization of deferred policy acquisition costs 160 139
Compensation and benefits 18 31
Interest expense and financing fees 0 0
Total benefits and other deductions 1,156 934
Other segment items 73 72
Income taxes (54) (69)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0
Operating earnings (loss) 396 380
Operating Segments | Asset Management    
Segment Reporting [Line Items]    
Segment revenues 1,114 1,088
Benefits and other deductions    
Policyholders’ benefits 0 0
Interest credited to policyholders’ account balances 0 0
Commissions and distribution-related payments 197 201
Amortization of deferred policy acquisition costs 0 0
Compensation and benefits 425 422
Interest expense and financing fees 7 7
Total benefits and other deductions 629 630
Other segment items 207 185
Income taxes (49) (41)
Less: Operating (earnings) loss attributable to the noncontrolling interest 89 106
Operating earnings (loss) 140 126
Operating Segments | Wealth Management    
Segment Reporting [Line Items]    
Segment revenues 541 462
Benefits and other deductions    
Policyholders’ benefits 0 0
Interest credited to policyholders’ account balances 0 0
Commissions and distribution-related payments 348 293
Amortization of deferred policy acquisition costs 0 0
Compensation and benefits 93 82
Interest expense and financing fees 0 0
Total benefits and other deductions 441 375
Other segment items 28 27
Income taxes (17) (15)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0
Operating earnings (loss) 55 45
Corporate and Other    
Segment Reporting [Line Items]    
Segment revenues 525 1,009
Benefits and other deductions    
Policyholders’ benefits 315 667
Interest credited to policyholders’ account balances 51 133
Commissions and distribution-related payments 78 83
Amortization of deferred policy acquisition costs 49 49
Compensation and benefits 32 57
Interest expense and financing fees 66 55
Total benefits and other deductions 591 1,044
Other segment items 66 115
Income taxes 15 23
Less: Operating (earnings) loss attributable to the noncontrolling interest 2 3
Operating earnings (loss) (119) (130)
Eliminations    
Segment Reporting [Line Items]    
Segment revenues (246) (230)
Benefits and other deductions    
Policyholders’ benefits 0 0
Interest credited to policyholders’ account balances 0 0
Commissions and distribution-related payments (238) (218)
Amortization of deferred policy acquisition costs 0 0
Compensation and benefits 0 0
Interest expense and financing fees (5) (4)
Total benefits and other deductions (243) (222)
Other segment items (3) (8)
Income taxes 0 0
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0
Operating earnings (loss) $ 0 $ 0