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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net income $ 516 $ 269 $ 234 $ 606
Other comprehensive income (loss), net of tax:        
Change in net unrealized investment gains 78 345 396 239
Foreign currency translation 131 (13) 169 (27)
Change in discount rate for future policy benefits (8) 90 (66) 249
Change in instrument-specific credit risk for market risk benefits (74) 60 (25) 22
Defined benefit pension plan adjustment (2) 16 (5) 19
Total other comprehensive income 125 498 469 502
Attributable to:        
Non-controlling interests 15 5 59 7
Comprehensive income 641 767 703 1,108
Class A exchangeable and Class B shareholders        
Attributable to:        
Comprehensive income [1] 4 3 8 6
Class C Shares        
Attributable to:        
Comprehensive income $ 622 $ 759 $ 636 $ 1,095
[1] On August 29, 2024, the Company redesignated all of its Class A-1 exchangeable shares into its Class A exchangeable shares. Amounts attributable to Class A exchangeable and Class B shareholders include amounts attributable to Class A-1 exchangeable shareholders prior to the redesignation.