v3.26.1
BUSINESS SEGMENT INFORMATION - Operating Earning (Loss) By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Segment revenues $ 3,727 $ 3,801 $ 7,340 $ 7,585
Benefits and other deductions        
Policyholders’ benefits 435 787 820 1,546
Interest credited to policyholders’ account balances 828 805 1,616 1,468
Commissions and distribution-related payments 562 488 1,118 989
Amortization of deferred policy acquisition costs 214 193 423 381
Compensation and benefits 615 569 1,183 1,161
Interest expense and financing fees 61 72 129 130
Total benefits and other deductions 2,715 2,914 5,289 5,675
Other segment items 349 358 720 749
Income taxes (84) (92) (189) (194)
Less: Operating (earnings) loss attributable to the noncontrolling interest 91 85 182 194
Operating earnings (loss) 488 352 960 773
Operating Segments | Retirement        
Segment Reporting [Line Items]        
Segment revenues 1,748 1,491 3,427 2,946
Benefits and other deductions        
Policyholders’ benefits 79 76 149 168
Interest credited to policyholders’ account balances 774 632 1,511 1,162
Commissions and distribution-related payments 176 145 347 287
Amortization of deferred policy acquisition costs 164 143 324 282
Compensation and benefits 20 15 38 46
Interest expense and financing fees 0 0 0 0
Total benefits and other deductions 1,213 1,011 2,369 1,945
Other segment items 83 56 156 128
Income taxes (50) (70) (104) (139)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) 402 354 798 734
Operating Segments | Asset Management        
Segment Reporting [Line Items]        
Segment revenues 1,134 1,094 2,248 2,182
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
Commissions and distribution-related payments 194 197 391 398
Amortization of deferred policy acquisition costs 0 0 0 0
Compensation and benefits 463 429 888 851
Interest expense and financing fees 7 9 14 16
Total benefits and other deductions 664 635 1,293 1,265
Other segment items 186 196 393 381
Income taxes (36) (48) (85) (89)
Less: Operating (earnings) loss attributable to the noncontrolling interest 90 84 179 190
Operating earnings (loss) 158 131 298 257
Operating Segments | Wealth Management        
Segment Reporting [Line Items]        
Segment revenues 544 469 1,085 931
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
Commissions and distribution-related payments 353 296 701 589
Amortization of deferred policy acquisition costs 0 0 0 0
Compensation and benefits 85 82 178 164
Interest expense and financing fees 0 0 0 0
Total benefits and other deductions 438 378 879 753
Other segment items 27 23 55 50
Income taxes (16) (18) (33) (33)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) 63 50 118 95
Corporate and Other        
Segment Reporting [Line Items]        
Segment revenues 548 977 1,073 1,986
Benefits and other deductions        
Policyholders’ benefits 356 711 671 1,378
Interest credited to policyholders’ account balances 54 173 105 306
Commissions and distribution-related payments 74 72 152 155
Amortization of deferred policy acquisition costs 50 50 99 99
Compensation and benefits 47 43 79 100
Interest expense and financing fees 58 69 124 124
Total benefits and other deductions 639 1,118 1,230 2,162
Other segment items 61 85 127 200
Income taxes 18 44 33 67
Less: Operating (earnings) loss attributable to the noncontrolling interest 1 1 3 4
Operating earnings (loss) (135) (183) (254) (313)
Eliminations        
Segment Reporting [Line Items]        
Segment revenues (247) (230) (493) (460)
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
Commissions and distribution-related payments (235) (222) (473) (440)
Amortization of deferred policy acquisition costs 0 0 0 0
Compensation and benefits 0 0 0 0
Interest expense and financing fees (4) (6) (9) (10)
Total benefits and other deductions (239) (228) (482) (450)
Other segment items (8) (2) (11) (10)
Income taxes 0 0 0 0
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) $ 0 $ 0 $ 0 $ 0