v3.26.1
Segment Information (Earnings) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Premiums $ 11,435 $ 10,810 $ 23,555 $ 22,533
Universal life and investment-type product policy fees 1,372 1,259 2,715 2,488
Net investment income 6,702 5,661 12,057 10,546
Other revenues 845 679 1,697 1,366
Expenses        
Policyholder liability remeasurement (gains) losses 18 5 5 (26)
Interest credited to policyholder account balances 3,067 2,400 4,741 4,047
Amortization of DAC, VOBA and negative VOBA 588 528 1,156 1,047
Interest expense on debt 292 269 557 527
Provision for income tax expense (benefit) 256 245 601 649
Adjusted earnings $ 1,604 $ 1,393 $ 3,235 $ 2,808
Group Benefits        
Expenses        
Net investment income from equity method investments (1.00%) 0.00% 0.00% 0.00%
RIS        
Expenses        
Net investment income from equity method investments 4.00% 4.00% 6.00% 5.00%
Asia        
Expenses        
Net investment income from equity method investments 12.00% 10.00% 15.00% 10.00%
Latin America        
Expenses        
Net investment income from equity method investments 1.00% 0.00% 1.00% 0.00%
EMEA        
Expenses        
Net investment income from equity method investments 1.00% 0.00% 1.00% 0.00%
Operating Segments        
Expenses        
Adjusted earnings $ 1,733 $ 1,504 $ 3,496 $ 2,982
Operating Segments | Group Benefits        
Revenues        
Premiums 5,819 5,801 11,667 11,564
Universal life and investment-type product policy fees 242 240 472 473
Net investment income 357 345 709 698
Other revenues 451 405 912 839
Expenses        
Policyholder benefits and claims and policyholder dividends 5,053 5,161 10,200 10,344
Policyholder liability remeasurement (gains) losses (2) (4) (4) (22)
Interest credited to policyholder account balances 69 73 139 145
Amortization of DAC, VOBA and negative VOBA 8 7 20 13
Interest expense on debt 2 1 3 2
Direct and Allocated Expenses 529 507 1,069 1,036
Other segment expenses 574 538 1,142 1,080
Provision for income tax expense (benefit) 133 107 249 205
Adjusted earnings 503 401 942 771
Operating Segments | RIS        
Revenues        
Premiums 1,587 1,210 3,799 3,494
Universal life and investment-type product policy fees 113 102 222 206
Net investment income 2,219 2,166 4,471 4,356
Other revenues 69 70 138 139
Expenses        
Policyholder benefits and claims and policyholder dividends 2,466 2,045 5,532 5,165
Policyholder liability remeasurement (gains) losses 3 1 (17) (14)
Interest credited to policyholder account balances 908 903 1,791 1,786
Amortization of DAC, VOBA and negative VOBA 24 21 47 40
Interest expense on debt 2 4 5 7
Direct and Allocated Expenses 86 89 179 187
Other segment expenses 36 25 72 59
Provision for income tax expense (benefit) 86 90 193 189
Adjusted earnings 377 370 828 776
Operating Segments | Asia        
Revenues        
Premiums 1,237 1,278 2,531 2,538
Universal life and investment-type product policy fees 441 399 868 805
Net investment income 1,375 1,204 2,836 2,408
Other revenues 20 22 37 37
Expenses        
Policyholder benefits and claims and policyholder dividends 1,030 1,051 2,118 2,088
Policyholder liability remeasurement (gains) losses (15) (12) (30) (23)
Interest credited to policyholder account balances 862 757 1,695 1,468
Amortization of DAC, VOBA and negative VOBA 214 223 425 439
Interest expense on debt 0 0 0 0
Direct and Allocated Expenses 299 304 597 610
Other segment expenses 93 91 188 183
Provision for income tax expense (benefit) 170 143 372 305
Adjusted earnings 420 346 907 718
Operating Segments | Latin America        
Revenues        
Premiums 1,498 1,260 2,983 2,424
Universal life and investment-type product policy fees 416 371 835 711
Net investment income 587 445 996 853
Other revenues (15) 3 (22) 12
Expenses        
Policyholder benefits and claims and policyholder dividends 1,471 1,216 2,820 2,307
Policyholder liability remeasurement (gains) losses 5 0 5 (3)
Interest credited to policyholder account balances 101 96 186 194
Amortization of DAC, VOBA and negative VOBA 186 137 359 266
Interest expense on debt 4 4 9 8
Direct and Allocated Expenses 171 143 329 278
Other segment expenses 197 166 403 342
Provision for income tax expense (benefit) 83 84 184 156
Adjusted earnings 268 233 497 452
Operating Segments | EMEA        
Revenues        
Premiums 698 626 1,387 1,208
Universal life and investment-type product policy fees 98 84 197 162
Net investment income 67 61 134 119
Other revenues 10 9 19 17
Expenses        
Policyholder benefits and claims and policyholder dividends 335 309 672 586
Policyholder liability remeasurement (gains) losses (5) 4 (2) 4
Interest credited to policyholder account balances 21 20 42 37
Amortization of DAC, VOBA and negative VOBA 110 88 207 182
Interest expense on debt 0 0 0 0
Direct and Allocated Expenses 120 111 242 220
Other segment expenses 159 120 300 240
Provision for income tax expense (benefit) 25 28 58 54
Adjusted earnings 108 100 218 183
Operating Segments | MIM        
Revenues        
Premiums 0 0 0 0
Universal life and investment-type product policy fees 0 0 0 0
Net investment income 2 2 7 3
Other revenues 317 237 631 455
Expenses        
Policyholder benefits and claims and policyholder dividends 0 0 0 0
Policyholder liability remeasurement (gains) losses 0 0 0 0
Interest credited to policyholder account balances 0 0 0 0
Amortization of DAC, VOBA and negative VOBA 0 0 0 0
Interest expense on debt 1 0 2 0
Direct and Allocated Expenses 227 158 469 331
Other segment expenses 15 9 28 18
Provision for income tax expense (benefit) 19 18 35 27
Adjusted earnings $ 57 $ 54 $ 104 $ 82