v3.26.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Insurance premiums $ 1,674 $ 1,676
Fee income 1,377 1,373
Net investment income 1,605 1,462
Realized gain (loss) 466 11
Other revenues 184 169
Total revenues 5,306 4,691
Expenses    
Benefits 2,055 2,068
Policyholder liability remeasurement (gain) loss (46) (59)
Interest credited 999 890
Market risk benefit (gain) loss 987 1,293
Commissions and other expenses 1,476 1,368
Interest and debt expense 81 80
Total expenses 5,552 5,640
Income (loss) before taxes (246) (949)
Federal income tax expense (benefit) (74) (227)
Net income (loss) (172) (722)
Other comprehensive income (loss), net of tax:    
Unrealized investment gain (loss) (937) 523
Market risk benefit non-performance risk gain (loss) 442 318
Policyholder liability discount rate remeasurement gain (loss) 86 (111)
Foreign currency translation adjustment (3) 5
Funded status of employee benefit plans 3 (5)
Total other comprehensive income (loss), net of tax (409) 730
Comprehensive income (loss) (581) 8
Net Income (Loss) Available to Common Stockholders    
Net income (loss) (172) (722)
Preferred stock dividends declared (34) (34)
Net income (loss) available to common stockholders $ (206) $ (756)
Net Income (Loss) Per Common Share    
Basic (in dollars per share) $ (1.08) $ (4.41)
Diluted (in dollars per share) (1.10) (4.41)
Cash Dividends Declared Per Common Share (in dollars per share) $ 0.45 $ 0.45