v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reconciliation of Condensed Consolidated Revenue to Net Income
The reconciliation of total condensed consolidated revenue to total condensed consolidated net income (loss) is as follows:
Three months ended June 30,Six months ended June 30,
(In millions)2026202520262025
Revenues$9,152 $5,359 $12,820 $9,545 
Less:
Cost of funds2,942 2,470 5,749 4,680 
Other operating expenses111 109 229 225 
Interest and other financing costs141 132 294 262 
Other liability costs equal to the amount of premium170 107 387 234 
Other segment items1
3,884 1,889 4,066 2,558 
Income before income taxes1,904 652 2,095 1,586 
Income tax expense (benefit)217 (34)1,890 141 
Net income$1,687 $686 $205 $1,445 
1 Other segment items reflect the difference between revenues and significant segment expenses and primarily include the impact of fair value accounting for market risk benefits, embedded derivative remeasurement, the amortization of purchased options on indexed annuities and noncontrolling interests.