v3.26.1
Segments - Operating Revenues (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]        
Total revenues $ 1,896 $ 1,981 $ 3,927 $ 3,950
Net investment income 537 584 1,106 1,144
Net gains (losses) (40) (41) (85) (75)
Net investment income (loss) (49) 43 1 75
Other expense 9 14 17 22
Less: Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest (76) (5) (63) (10)
Less: Preferred stock dividends 4 4 21 21
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 34 188 264 361
Operating Segments        
Segment Reporting [Line Items]        
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax     450 545
Adjusted operating earnings before income taxes     424 521
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest     27 24
Operating Segments | Corporate        
Segment Reporting [Line Items]        
Adjusted operating earnings before income taxes     (167) (131)
Operating Segments | Health Solutions Segment        
Segment Reporting [Line Items]        
Net commissions 40 44 84 89
Adjusted operating earnings before income taxes 22 69 85 115
Net investment income 31 39 71 75
Net gains (losses) 0 (2) 0 (3)
External customer revenue 792 795 1,608 1,602
Net investment income (loss) 0 0 0 0
Intersegment Fee income and elimination 0 0 0 0
Other Nonrecurring (Income) Expense (2) 0 (4) (1)
Adjusted operating revenues 821 832 1,675 1,673
Interest Credited to Policy Owner Account 558 529 1,096 1,081
Administrative Fees Expense 140 132 285 271
Deferred Policy Acquisition Cost, Amortization Expense, Other 12 7 26 16
Financing Costs And Dividends, Preferred Stock 0 0 0 0
Other expense 0 0 0 0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 0 0 0 0
Operating Segments | Investment Management Segment        
Segment Reporting [Line Items]        
Net commissions 0 0 0 0
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax 74 65 133 118
Adjusted operating earnings before income taxes 57 51 103 92
Net investment income 14 8 17 16
Net gains (losses) 5 (1) 5 (2)
External customer revenue 243 223 477 446
Net investment income (loss) (55) 37 (4) 73
Intersegment Fee income and elimination 21 21 43 43
Other Nonrecurring (Income) Expense 27 (49) (31) (94)
Adjusted operating revenues 255 239 507 482
Interest Credited to Policy Owner Account 0 0 0 0
Administrative Fees Expense 181 174 373 364
Noninterest Income 0 0 0 0
Deferred Policy Acquisition Cost, Amortization Expense, Other 0 0 0 0
Financing Costs And Dividends, Preferred Stock 0 0 0 0
Other expense 0 0 0 0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 18 14 30 26
Operating Segments | Wealth Solutions Segment        
Segment Reporting [Line Items]        
Net commissions 80 71 152 142
Adjusted operating earnings before income taxes 190 235 399 442
Net investment income 446 498 926 969
Net gains (losses) (70) (61) (126) (93)
External customer revenue 420 380 824 761
Net investment income (loss) 0 0 0 0
Intersegment Fee income and elimination 0 0 0 0
Other Nonrecurring (Income) Expense 3 7 (4) (15)
Adjusted operating revenues 799 824 1,620 1,622
Interest Credited to Policy Owner Account 227 232 452 463
Administrative Fees Expense 275 259 561 519
Noninterest Income 0 0 0 0
Deferred Policy Acquisition Cost, Amortization Expense, Other 27 28 55 55
Financing Costs And Dividends, Preferred Stock 0 0 0 0
Other expense 0 0 0 0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 0 0 0 0
Adjustments        
Segment Reporting [Line Items]        
Investment Gains (Losses) and Other Related Adjustments (31) (38) (53) (44)
Disposal Group, Including Discontinued Operation, Revenue 21 30 40 58
Revenues Attributable to Noncontrolling Interest (37) 35 9 60
Other Operating Income 61 54 116 87
Gain (Loss) on Investments   (29) (58) (31)
Gain (Loss) on Disposition of Business   (30) (55) (69)
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting [Line Items]        
Total revenues       3,950
Net commissions 0 0 0 0
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax (104) (67) (167)  
Adjusted operating earnings before income taxes (102) (67) (163) (129)
Net investment income 46 39 92 84
Net gains (losses) 25 23 36 23
External customer revenue (7) (3) (4) (3)
Net investment income (loss) 6 6 5 2
Intersegment Fee income and elimination (21) (21) (43) (43)
Other Nonrecurring (Income) Expense (41) (39) (72) (52)
Adjusted operating revenues 8 5 13 11
Interest Credited to Policy Owner Account 0 0 0 0
Administrative Fees Expense 0 0 0 0
Noninterest Income 0 0 0 0
Deferred Policy Acquisition Cost, Amortization Expense, Other 0 0 0 0
Financing Costs And Dividends, Preferred Stock 38 32 86 80
Other expense 74 40 95 62
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest (2) (1) (4) (2)
Operating Segments And Corporate Non Segment        
Segment Reporting [Line Items]        
Net commissions 120 115 236 231
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax 183 302 450  
Gain (Loss) on Investments (21)      
Gain (Loss) on Disposition of Business (29)      
Adjusted operating earnings before income taxes 167 289 424  
Net investment income 537 584 1,106 1,144
Net gains (losses) (40) (41) (85) (75)
External customer revenue 1,448 1,395 2,905 2,806
Net investment income (loss) (49) 43 1 75
Intersegment Fee income and elimination 0 0 0 0
Other Nonrecurring (Income) Expense (13) (81) (112) (162)
Adjusted operating revenues 1,883 1,900 3,815 3,788
Interest Credited to Policy Owner Account 785 761 1,548 1,544
Administrative Fees Expense 596 565 1,219 1,154
Noninterest Income 49 50 99 101
Deferred Policy Acquisition Cost, Amortization Expense, Other 39 35 81 71
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest $ 16 $ 13 $ 27 $ 24