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Closed Block (Tables)
 9 Months Ended
Sep. 30, 2025
Closed Block Disclosure [Abstract]  
Closed block liabilities and assets
Information regarding the liabilities and assets designated to the closed block was as follows at:
September 30, 2025December 31, 2024
(In millions)
Closed Block Liabilities
FPBs
$34,074 $35,015 
Other policy-related balances
292 315 
Policyholder dividends payable
157 174 
Policyholder dividend obligation
— — 
Current income tax payable9 6 
Other liabilities
1,149 854 
Total closed block liabilities
35,681 36,364 
Assets Designated to the Closed Block
Investments:
Fixed maturity securities available-for-sale (“AFS”), at estimated fair value
19,163 18,958 
Equity securities, at estimated fair value
5 11 
Mortgage loans
5,532 5,720 
Policy loans
3,689 3,829 
Real estate and REJV688 659 
Other invested assets
372 512 
Total investments
29,449 29,689 
Cash and cash equivalents
1,140 930 
Accrued investment income
370 367 
Premiums, reinsurance and other receivables
52 45 
Deferred income tax asset
348 470 
Total assets designated to the closed block
31,359 31,501 
Excess of closed block liabilities over assets designated to the closed block
4,322 4,863 
AOCI:
Unrealized investment gains (losses), net of income tax
(670)(1,256)
Unrealized gains (losses) on derivatives, net of income tax
58 183 
Total amounts included in AOCI
(612)(1,073)
Maximum future earnings to be recognized from closed block assets and liabilities
$3,710 $3,790 
Closed block revenues and expenses
Information regarding the closed block revenues and expenses was as follows:
Three Months
Ended
September 30,		Nine Months
Ended
September 30,
2025202420252024
(In millions)
Revenues
Premiums
$202 $214 $614 $648 
Net investment income
347 336 1,002 1,021 
Net investment gains (losses)
(14)1 (73)(19)
Net derivative gains (losses)
5 (1)(3)6 
Total revenues
540 550 1,540 1,656 
Expenses
Policyholder benefits and claims
372 390 1,138 1,209 
Policyholder dividends
72 90 245 266 
Other expenses
19 21 57 61 
Total expenses
463 501 1,440 1,536 
Revenues, net of expenses before provision for income tax expense (benefit)
77 49 100 120 
Provision for income tax expense (benefit)
15 11 20 26 
Revenues, net of expenses and provision for income tax expense (benefit)
$62 $38 $80 $94