v3.26.3
Segment Information - Schedule of Summarized Information for Single Reportable Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Life insurance premiums and other fees $ 330 $ 711 $ 1,203 $ 1,808
Owned distribution revenues 20 24 56 63
Interest and investment income 698 748 2,139 2,096
Recognized gains and (losses), net 83 211 341 (1)
Total revenues 1,131 1,694 3,739 3,966
Significant expenses        
Benefits and other changes in policy reserves [1] 26 1,181 1,659 2,698
Personnel costs 73 79 210 223
Other operating expenses 30 38 104 121
Other segment items        
Market risk benefit losses (gains) (167) 43 (62) 148
Depreciation and amortization 191 180 539 491
Interest expense 42 42 124 123
Total benefits and expenses 195 1,563 2,574 3,804
Earnings before income taxes 936 131 1,165 162
Income tax (benefit) expense 195 11 250 21
Net earnings 741 120 915 141
Reportable Segment        
Revenues        
Life-contingent pension risk transfer premiums 168 536 718 1,279
Traditional life insurance and life-contingent immediate annuity premiums 6 8 23 27
Surrender charges 66 70 183 196
Policyholder fees and other income 90 97 279 306
Life insurance premiums and other fees 330 711 1,203 1,808
Owned distribution revenues 20 24 56 63
Revenues from external customers 350 735 1,259 1,871
Interest and investment income 698 748 2,139 2,096
Recognized gains and (losses), net 83 211 341 (1)
Total revenues 1,131 1,694 3,739 3,966
Significant expenses        
Benefits and other changes in policy reserves 26 1,181 1,659 2,698
Personnel costs 73 79 210 223
Other operating expenses 30 38 104 121
Total significant expenses: 129 1,298 1,973 3,042
Other segment items        
Market risk benefit losses (gains) (167) 43 (62) 148
Depreciation and amortization 191 180 539 491
Interest expense 42 42 124 123
Total other segment items: 66 265 601 762
Total benefits and expenses 195 1,563 2,574 3,804
Earnings before income taxes 936 131 1,165 162
Income tax (benefit) expense 195 11 250 21
Net earnings $ 741 $ 120 $ 915 $ 141
[1] The remeasurement gains for the three and nine months ended September 30, 2026 were $11 million and $19 million, respectively. The remeasurement (losses) gains for the three and nine months ended September 30, 2025 were $(2) million and $30 million, respectively.