v3.26.1
Segment Information - Schedule of Segment Results (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues        
Fee income $ 1,968 $ 1,942 $ 3,966 $ 3,928
Premiums 38 40 66 80
Net investment income 928 718 1,668 1,473
Other income (loss) 18 16 30 30
Total revenues 168 (471) 3,070 3,279
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 221 256 479 500
(Gain) loss from updating future policy benefits cash flow assumptions, net 20 12 38 24
Interest credited 320 295 635 583
Interest expense 27 25 52 50
Asset-based commission expenses 298 273 593 557
Other commission expenses 353 243 675 458
Sub-advisor expenses 73 76 147 154
General and administrative expenses 265 274 564 533
Deferral of acquisition costs (302) (185) (557) (344)
Amortization of deferred acquisition costs 281 274 562 549
Pretax adjusted operating earnings 665 189 265 172
Corporate And Reconciling Items        
Operating Revenues        
Fee income 1,252 1,176 2,477 2,391
Premiums 40 41 70 84
Net investment income 695 518 1,312 1,019
Other income (loss) 18 16 30 30
Total revenues 2,005 1,751 3,889 3,524
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 165 187 366 370
(Gain) loss from updating future policy benefits cash flow assumptions, net 20 10 35 21
Interest credited 325 295 643 583
Interest expense 27 25 52 50
Asset-based commission expenses 298 273 593 557
Other commission expenses 353 243 675 458
Sub-advisor expenses 73 76 147 154
General and administrative expenses 265 274 564 533
Deferral of acquisition costs (302) (185) (557) (344)
Amortization of deferred acquisition costs 163 147 323 294
Total Operating Benefits and Expenses 1,387 1,345 2,841 2,676
Pretax adjusted operating earnings 618 406 1,048 848
Operating Segments | Retail Annuities        
Operating Revenues        
Fee income 1,140 1,059 2,251 2,154
Premiums 18 20 23 34
Net investment income 388 204 708 391
Other income (loss) 7 7 13 14
Total revenues 1,553 1,290 2,995 2,593
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 30 33 60 62
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 (1) (1) (4)
Interest credited 130 101 248 195
Interest expense 5 5 11 11
Asset-based commission expenses 298 273 593 557
Other commission expenses 345 235 660 441
Sub-advisor expenses 74 78 150 158
General and administrative expenses 191 189 423 389
Deferral of acquisition costs (302) (185) (557) (343)
Amortization of deferred acquisition costs 161 145 319 290
Total Operating Benefits and Expenses 932 873 1,906 1,756
Pretax adjusted operating earnings 621 417 1,089 837
Operating Segments | Institutional Products        
Operating Revenues        
Fee income 0 0 0 0
Premiums 0 0 0 0
Net investment income 140 125 283 241
Other income (loss) 0 0 0 0
Total revenues 140 125 283 241
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 0 0 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0 0 0
Interest credited 109 104 223 201
Interest expense 0 0 0 0
Asset-based commission expenses 0 0 0 0
Other commission expenses 0 0 0 0
Sub-advisor expenses 0 0 0 0
General and administrative expenses 2 2 3 3
Deferral of acquisition costs 0 0 0 0
Amortization of deferred acquisition costs 0 0 0 0
Total Operating Benefits and Expenses 111 106 226 204
Pretax adjusted operating earnings 29 19 57 37
Operating Segments | Closed Life and Annuity Blocks        
Operating Revenues        
Fee income 102 107 205 215
Premiums 22 21 47 50
Net investment income 140 181 286 368
Other income (loss) 5 5 11 11
Total revenues 269 314 549 644
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 135 154 306 308
(Gain) loss from updating future policy benefits cash flow assumptions, net 20 11 36 25
Interest credited 86 90 172 187
Interest expense 0 0 0 0
Asset-based commission expenses 0 0 0 0
Other commission expenses 8 8 15 17
Sub-advisor expenses 0 0 0 0
General and administrative expenses 28 27 55 54
Deferral of acquisition costs 0 0 0 (1)
Amortization of deferred acquisition costs 2 2 4 4
Total Operating Benefits and Expenses 279 292 588 594
Pretax adjusted operating earnings (10) 22 (39) 50
Corporate and Other        
Operating Revenues        
Fee income 10 10 21 22
Premiums 0 0 0 0
Net investment income 27 8 35 19
Other income (loss) 6 4 6 5
Total revenues 43 22 62 46
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 0 0 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0 0 0
Interest credited 0 0 0 0
Interest expense 22 20 41 39
Asset-based commission expenses 0 0 0 0
Other commission expenses 0 0 0 0
Sub-advisor expenses (1) (2) (3) (4)
General and administrative expenses 44 56 83 87
Deferral of acquisition costs 0 0 0 0
Amortization of deferred acquisition costs 0 0 0 0
Total Operating Benefits and Expenses 65 74 121 122
Pretax adjusted operating earnings $ (22) $ (52) $ (59) $ (76)