XML 215 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Net investment income $ 3,648 $ 3,206 $ 1,474
Premiums, policy and contract charges 1,559 1,539 1,397
Other revenues 516 513 491
Total revenues 17,926 16,096 14,334
Banking and deposit interest expense 662 561 76
Total net revenues 17,264 15,535 14,258
Benefits and expenses      
Distribution expenses 6,024 5,078 4,935
Interest credited to fixed accounts 616 654 665
Benefits, claims, losses and settlement expenses 1,299 1,350 242
Remeasurement (gains) losses of future policy benefit reserves (44) (20) 1
Change in fair value of market risk benefits 628 798 311
Amortization of deferred acquisition costs 242 246 252
Interest and debt expense 329 324 198
General and administrative expense 3,903 3,871 3,723
Total benefits and expenses 12,997 12,301 10,327
Pretax income 4,267 3,234 3,931
Income tax provision 866 678 782
Net income $ 3,401 $ 2,556 $ 3,149
Earnings per share      
Basic (in dollars per share) $ 33.67 $ 24.18 $ 28.29
Diluted (in dollars per share) $ 33.05 $ 23.71 $ 27.70
Management and financial advice fees      
Revenues      
Revenue from contracts with customers $ 10,143 $ 8,907 $ 9,033
Distribution fees      
Revenues      
Revenue from contracts with customers $ 2,060 $ 1,931 $ 1,939