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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Net investment income $ 868 $ 901
Premiums, policy and contract charges 360 390
Other revenues 129 129
Total revenues 4,481 4,325
Banking and deposit interest expense 127 179
Total net revenues 4,354 4,146
Benefits and expenses    
Distribution expenses 1,612 1,419
Interest credited to fixed accounts 130 132
Benefits, claims, losses and settlement expenses 381 295
Remeasurement (gains) losses of future policy benefit reserves (10) (4)
Change in fair value of market risk benefits 497 (18)
Amortization of deferred acquisition costs 61 61
Interest and debt expense 80 82
General and administrative expense 916 960
Total benefits and expenses 3,667 2,927
Pretax income 687 1,219
Income tax provision 104 229
Net income $ 583 $ 990
Earnings per share    
Basic (in dollars per share) $ 5.92 $ 9.63
Diluted (in dollars per share) $ 5.83 $ 9.46
Management and financial advice fees    
Revenues    
Revenue from contracts with customers $ 2,602 $ 2,399
Distribution fees    
Revenues    
Revenue from contracts with customers $ 522 $ 506