v3.26.3
Segment Information - Schedule of Segment Results (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating Revenues        
Fee income $ 2,031 $ 2,025 $ 5,997 $ 5,953
Premiums 33 31 99 111
Net investment income 886 856 2,554 2,329
Other income (loss) 13 15 43 45
Total revenues 1,542 1,416 4,612 4,695
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 216 230 695 730
(Gain) loss from updating future policy benefits cash flow assumptions, net 23 13 61 37
Interest credited 341 313 976 896
Interest expense 37 25 89 75
Asset-based commission expenses 305 296 898 853
Other commission expenses 394 323 1,069 781
Sub-advisor expenses 73 78 220 232
General and administrative expenses 270 264 834 797
Deferral of acquisition costs (330) (247) (887) (591)
Amortization of deferred acquisition costs 284 275 846 824
Pretax adjusted operating earnings 1,000 72 1,265 244
Corporate And Reconciling Items        
Operating Revenues        
Fee income 1,269 1,259 3,746 3,650
Premiums 35 33 105 117
Net investment income 755 592 2,067 1,611
Other income (loss) 13 15 43 45
Total revenues 2,072 1,899 5,961 5,423
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 163 180 529 550
(Gain) loss from updating future policy benefits cash flow assumptions, net 22 12 57 33
Interest credited 358 313 1,001 896
Interest expense 37 25 89 75
Asset-based commission expenses 305 296 898 853
Other commission expenses 394 323 1,069 781
Sub-advisor expenses 73 78 220 232
General and administrative expenses 270 264 834 797
Deferral of acquisition costs (330) (247) (887) (591)
Amortization of deferred acquisition costs 168 150 491 444
Total Operating Benefits and Expenses 1,460 1,394 4,301 4,070
Pretax adjusted operating earnings 612 505 1,660 1,353
Operating Segments | Retail Annuities        
Operating Revenues        
Fee income 1,158 1,144 3,409 3,298
Premiums 17 14 40 48
Net investment income 445 246 1,153 637
Other income (loss) 6 7 19 21
Total revenues 1,626 1,411 4,621 4,004
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 29 20 89 82
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 (4) (1) (8)
Interest credited 153 109 401 304
Interest expense 6 6 17 17
Asset-based commission expenses 305 296 898 853
Other commission expenses 386 315 1,046 756
Sub-advisor expenses 75 80 225 238
General and administrative expenses 198 195 621 584
Deferral of acquisition costs (330) (248) (887) (591)
Amortization of deferred acquisition costs 166 148 485 438
Total Operating Benefits and Expenses 988 917 2,894 2,673
Pretax adjusted operating earnings 638 494 1,727 1,331
Operating Segments | Institutional Products        
Operating Revenues        
Fee income 0 0 0 0
Premiums 0 0 0 0
Net investment income 144 148 427 389
Other income (loss) 0 0 0 0
Total revenues 144 148 427 389
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 0 0 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0 0 0
Interest credited 120 116 343 317
Interest expense 0 0 0 0
Asset-based commission expenses 0 0 0 0
Other commission expenses 0 0 0 0
Sub-advisor expenses 0 0 0 0
General and administrative expenses 1 1 4 4
Deferral of acquisition costs 0 0 0 0
Amortization of deferred acquisition costs 0 0 0 0
Total Operating Benefits and Expenses 121 117 347 321
Pretax adjusted operating earnings 23 31 80 68
Operating Segments | Closed Life and Annuity Blocks        
Operating Revenues        
Fee income 100 104 305 319
Premiums 18 19 65 69
Net investment income 151 189 437 557
Other income (loss) 6 6 17 17
Total revenues 275 318 824 962
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 134 160 440 468
(Gain) loss from updating future policy benefits cash flow assumptions, net 22 16 58 41
Interest credited 85 88 257 275
Interest expense 0 0 0 0
Asset-based commission expenses 0 0 0 0
Other commission expenses 8 8 23 25
Sub-advisor expenses 0 0 0 0
General and administrative expenses 27 28 82 82
Deferral of acquisition costs 0 1 0 0
Amortization of deferred acquisition costs 2 2 6 6
Total Operating Benefits and Expenses 278 303 866 897
Pretax adjusted operating earnings (3) 15 (42) 65
Corporate and Other        
Operating Revenues        
Fee income 11 11 32 33
Premiums 0 0 0 0
Net investment income 15 9 50 28
Other income (loss) 1 2 7 7
Total revenues 27 22 89 68
Operating Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 0 0 0 0
(Gain) loss from updating future policy benefits cash flow assumptions, net 0 0 0 0
Interest credited 0 0 0 0
Interest expense 31 19 72 58
Asset-based commission expenses 0 0 0 0
Other commission expenses 0 0 0 0
Sub-advisor expenses (2) (2) (5) (6)
General and administrative expenses 44 40 127 127
Deferral of acquisition costs 0 0 0 0
Amortization of deferred acquisition costs 0 0 0 0
Total Operating Benefits and Expenses 73 57 194 179
Pretax adjusted operating earnings $ (46) $ (35) $ (105) $ (111)