v3.26.1
Segment Information (Earnings) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Premiums $ 12,120 $ 11,723
Universal life and investment-type product policy fees 1,343 1,229
Net investment income 5,355 4,885
Other revenues 852 687
Expenses    
Policyholder liability remeasurement (gains) losses (13) (31)
Interest credited to policyholder account balances 1,674 1,647
Amortization of DAC, VOBA and negative VOBA 568 519
Interest expense on debt 265 258
Provision for income tax expense (benefit) 345 404
Adjusted earnings $ 1,631 $ 1,415
Group Benefits    
Expenses    
Net investment income from equity method investments 1.00% 1.00%
RIS    
Expenses    
Net investment income from equity method investments 7.00% 5.00%
Asia    
Expenses    
Net investment income from equity method investments 17.00% 11.00%
Latin America    
Expenses    
Net investment income from equity method investments 1.00% 1.00%
EMEA    
Expenses    
Net investment income from equity method investments 1.00% 0.00%
Operating Segments    
Expenses    
Adjusted earnings $ 1,763 $ 1,478
Operating Segments | Group Benefits    
Revenues    
Premiums 5,848 5,763
Universal life and investment-type product policy fees 230 233
Net investment income 352 353
Other revenues 461 434
Expenses    
Policyholder benefits and claims and policyholder dividends 5,147 5,183
Policyholder liability remeasurement (gains) losses (2) (18)
Interest credited to policyholder account balances 70 72
Amortization of DAC, VOBA and negative VOBA 12 6
Interest expense on debt 1 1
Direct and Allocated Expenses 540 529
Other segment expenses 568 542
Provision for income tax expense (benefit) 116 98
Adjusted earnings 439 370
Operating Segments | RIS    
Revenues    
Premiums 2,212 2,284
Universal life and investment-type product policy fees 109 104
Net investment income 2,252 2,190
Other revenues 69 69
Expenses    
Policyholder benefits and claims and policyholder dividends 3,066 3,120
Policyholder liability remeasurement (gains) losses (20) (15)
Interest credited to policyholder account balances 883 883
Amortization of DAC, VOBA and negative VOBA 23 19
Interest expense on debt 3 3
Direct and Allocated Expenses 93 98
Other segment expenses 36 34
Provision for income tax expense (benefit) 107 99
Adjusted earnings 451 406
Operating Segments | Asia    
Revenues    
Premiums 1,294 1,260
Universal life and investment-type product policy fees 427 406
Net investment income 1,461 1,204
Other revenues 17 15
Expenses    
Policyholder benefits and claims and policyholder dividends 1,088 1,037
Policyholder liability remeasurement (gains) losses (15) (11)
Interest credited to policyholder account balances 833 711
Amortization of DAC, VOBA and negative VOBA 211 216
Interest expense on debt 0 0
Direct and Allocated Expenses 298 306
Other segment expenses 95 92
Provision for income tax expense (benefit) 202 162
Adjusted earnings 487 372
Operating Segments | Latin America    
Revenues    
Premiums 1,485 1,164
Universal life and investment-type product policy fees 419 340
Net investment income 409 408
Other revenues (7) 9
Expenses    
Policyholder benefits and claims and policyholder dividends 1,349 1,091
Policyholder liability remeasurement (gains) losses 0 (3)
Interest credited to policyholder account balances 85 98
Amortization of DAC, VOBA and negative VOBA 173 129
Interest expense on debt 5 4
Direct and Allocated Expenses 158 135
Other segment expenses 206 176
Provision for income tax expense (benefit) 101 72
Adjusted earnings 229 219
Operating Segments | EMEA    
Revenues    
Premiums 689 582
Universal life and investment-type product policy fees 99 78
Net investment income 67 58
Other revenues 9 8
Expenses    
Policyholder benefits and claims and policyholder dividends 337 277
Policyholder liability remeasurement (gains) losses 3 0
Interest credited to policyholder account balances 21 17
Amortization of DAC, VOBA and negative VOBA 97 94
Interest expense on debt 0 0
Direct and Allocated Expenses 122 109
Other segment expenses 141 120
Provision for income tax expense (benefit) 33 26
Adjusted earnings 110 83
Operating Segments | MIM    
Revenues    
Premiums 0 0
Universal life and investment-type product policy fees 0 0
Net investment income 5 1
Other revenues 314 218
Expenses    
Policyholder benefits and claims and policyholder dividends 0 0
Policyholder liability remeasurement (gains) losses 0 0
Interest credited to policyholder account balances 0 0
Amortization of DAC, VOBA and negative VOBA 0 0
Interest expense on debt 1 0
Direct and Allocated Expenses 242 173
Other segment expenses 13 9
Provision for income tax expense (benefit) 16 9
Adjusted earnings $ 47 $ 28