v3.26.1
Segment Information (Income Loss Before Provision for Income Tax of Reportable Segments) (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 605 $ 341 $ 1,046 $ 710
Revenues 6,637 5,599 13,131 10,859
Investment Income, Investment Expense 63 57 129 109
Other revenues 377 84 745 172
Claims and other policy benefits 4,478 4,045 9,099 7,867
Liability for Future Policy Benefit, Remeasurement Gain (Loss) (6) (68) 1 (12)
Interest credited 617 314 1,097 613
Interest expense 101 90 200 170
Other operating expenses 348 325 674 625
Market Risk Benefit, Change in Fair Value, Gain (Loss) 26 17 $ 4 (12)
Number of Reportable Segments     9  
Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 761 421 $ 1,372 906
Revenues 6,825 5,678 13,464 11,018
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment        
Segment Reporting [Line Items]        
Gain (Loss), Investment and Derivative, Operating, before Tax (181) (77) (379) (148)
Embedded Derivative, Gain on Embedded Derivative (1) 3 43 (8)
Investment Income, Investment Expense (10) 2 (6) 2
Other Nonoperating Expense 0 0 (1) 0
Other revenues [1] 4 (7) 10 (5)
Unrecognized Tax Benefits, Period Increase (Decrease) 0 0 (1) 0
Other Nonoperating Income 0 0 1 0
Embedded Derivative, Loss on Embedded Derivative 0 (2) (3) (12)
Market Risk Benefit, Change in Fair Value, Gain (Loss) 26 17 4 (12)
Other Non Operating Reconciling Items [2] 10 (23) 16 (18)
Corporate and Other [Member]        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (35) (32) (100) (102)
Revenues 222 187 401 324
Claims and other policy benefits 0 0 [3] 0 0 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) 0 0 [3] 0 0 [3]
Interest credited 44 45 [3] 88 92 [3]
Interest expense 101 90 [3] 199 170 [3]
Other operating expenses 112 84 [3],[4] 214 164 [3],[4]
Life Insurance Product Line [Member] | US Traditional Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 165 4 303 144
Revenues 2,321 2,320 4,536 4,511
Claims and other policy benefits 1,818 1,922 [3] 3,595 3,695 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) (21) 74 [3] (27) 49 [3]
Interest credited 74 37 [3] 96 66 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses 285 283 [3],[4] 569 557 [3],[4]
Life Insurance Product Line [Member] | Canada Traditional Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 38 28 76 60
Revenues 415 406 818 790
Claims and other policy benefits 328 318 [3] 644 613 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) (2) 2 [3] (3) 5 [3]
Interest credited 0 0 [3] 0 0 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses 51 58 [3],[4] 101 112 [3],[4]
Life Insurance Product Line [Member] | EMEA Traditional Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 39 18 93 68
Revenues 602 608 1,248 1,180
Claims and other policy benefits 509 533 [3] 1,052 1,016 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) (1) 6 [3] (11) (2) [3]
Interest credited 0 0 [3] 0 0 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses 55 51 [3],[4] 114 98 [3],[4]
Life Insurance Product Line [Member] | Asia Pacific Traditional Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 129 104 254 210
Revenues 937 889 1,887 1,739
Claims and other policy benefits 722 701 [3] 1,448 1,372 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) (5) (8) [3] 4 (26) [3]
Interest credited 0 0 [3] 0 0 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses 91 92 [3],[4] 181 183 [3],[4]
Insurance, Other | US Financial Solutions Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 154 97 272 164
Revenues 1,127 419 2,274 915
Claims and other policy benefits 498 76 [3] 1,095 276 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) (7) (1) [3] 7 (3) [3]
Interest credited 339 130 [3] 603 253 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses 143 117 [3],[4] 297 225 [3],[4]
Insurance, Other | Canada Financial Solutions Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 18 9 28 20
Revenues 117 108 226 215
Claims and other policy benefits 91 93 [3] 184 184 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) 1 0 [3] 0 0 [3]
Interest credited 0 0 [3] 0 0 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses 7 6 [3],[4] 14 11 [3],[4]
Insurance, Other | EMEA Financial Solutions Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 133 116 261 206
Revenues 509 367 1,004 649
Claims and other policy benefits 341 224 [3] 688 391 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) 1 (3) [3] (10) (6) [3]
Interest credited 6 7 [3] 14 13 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses 28 23 [3],[4] 51 45 [3],[4]
Insurance, Other | Asia Pacific Financial Solutions Segment        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 120 77 185 136
Revenues 575 374 1,070 695
Claims and other policy benefits 174 158 [3] 396 303 [3]
Liability for Future Policy Benefit, Remeasurement Gain (Loss) 40 (2) [3] 39 (5) [3]
Interest credited 154 93 [3] 294 177 [3]
Interest expense 0 0 [3] 0 0 [3]
Other operating expenses $ 87 $ 48 [3],[4] $ 156 $ 84 [3],[4]
[1] Includes market valuation adjustments on surrender charges and other immaterial items.
[2] Includes market valuation adjustments on surrender charges, pension risk transfer initial loss and other immaterial items.
[3] The significant expense categories and amounts align with the segment level information that is regularly provided to the CEO. Intersegment expenses are included within the amounts above.
[4] Includes policy acquisition costs and other insurance expenses and other operating expenses.