v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option $ 20,569 $ 20,862
Fixed maturities, at fair value using the fair value option 1,013 1,131
Equity Securities, FV-NI, Current 65 72
Other Short-Term Investments 0 6
Financing Receivable, after Allowance for Credit Loss, Current 4,456 4,575
Policy loans 153 157
Limited partnerships/corporations 1,348 1,365
Derivatives 151 154
Other investments 56 61
Total investments 28,748 29,228
Cash and cash equivalents 291 352
Short-term investments under securities loan agreements, including collateral delivered 790 791
Accrued investment income 304 300
Premiums and Other Receivables, Net 2,305 2,421
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net 1,237 1,257
Deferred Income Tax Assets, Net 547 513
Other assets 2,540 2,795
Assets held in separate accounts 116,066 109,772
Total assets 152,828 147,429
Liabilities and Shareholder's Equity    
Future policy benefits and contract owner account balances 32,774 33,244
Payables under securities loan and repurchase agreements, including collateral held 846 826
Related Party [Member] 102 124
Derivatives 204 232
Other liabilities 650 806
Liabilities related to separate accounts 116,066 109,772
Total liabilities 150,642 145,004
Commitments and Contingencies (Note 13)
Shareholder's equity:    
Common Stock, Value, Issued 3 3
Additional paid-in capital 2,932 2,929
Accumulated other comprehensive income (loss) (1,265) (1,134)
Retained earnings 516 627
Total shareholder's equity 2,186 2,425
Total liabilities and shareholder's equity 152,828 147,429
Collateral Pledged    
Investments:    
Debt Securities, Available-for-Sale, Restricted $ 937 $ 845