v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30,Nine months ended September 30,
(In millions)2026202520262025
Revenues$3,065 $7,998 $15,885 $17,543 
Less:
Cost of funds3,224 2,661 8,973 7,341 
Other operating expenses105 108 334 333 
Interest and other financing costs149 140 443 402 
Other liability costs equal to the amount of premium190 117 577 351 
Other segment items1
1,136 2,828 5,202 5,386 
Income (loss) before income taxes(1,739)2,144 356 3,730 
Income tax expense (benefit)(419)266 1,471 407 
Net income (loss)$(1,320)$1,878 $(1,115)$3,323 
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.