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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Net investment income $ 891 $ 921 $ 1,759 $ 1,822
Premiums, policy and contract charges 361 381 721 771
Other revenues 136 129 265 258
Total revenues 4,490 4,392 8,971 8,717
Banking and deposit interest expense 115 172 242 351
Total net revenues 4,375 4,220 8,729 8,366
Benefits and expenses        
Distribution expenses 1,596 1,450 3,208 2,869
Interest credited to fixed accounts 95 185 225 317
Benefits, claims, losses and settlement expenses 257 331 638 626
Remeasurement (gains) losses of future policy benefit reserves (3) (8) (13) (12)
Change in fair value of market risk benefits (10) 110 487 92
Amortization of deferred acquisition costs 60 61 121 122
Interest and debt expense 82 83 162 165
General and administrative expense 947 957 1,863 1,917
Total benefits and expenses 3,024 3,169 6,691 6,096
Pretax income 1,351 1,051 2,038 2,270
Income tax provision 291 222 395 451
Net income $ 1,060 $ 829 $ 1,643 $ 1,819
Earnings per share        
Basic (in dollars per share) $ 10.88 $ 8.16 $ 16.78 $ 17.80
Diluted (in dollars per share) $ 10.73 $ 8.02 $ 16.53 $ 17.49
Management and financial advice fees        
Revenues        
Revenue from contracts with customers $ 2,600 $ 2,456 $ 5,202 $ 4,855
Distribution fees        
Revenues        
Revenue from contracts with customers $ 502 $ 505 $ 1,024 $ 1,011