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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Net investment income $ 920 $ 934 $ 2,679 $ 2,756
Premiums, policy and contract charges 493 409 1,214 1,180
Other revenues 130 131 395 389
Total revenues 4,893 4,560 13,864 13,277
Banking and deposit interest expense 102 163 344 514
Total net revenues 4,791 4,397 13,520 12,763
Benefits and expenses        
Distribution expenses 1,714 1,539 4,922 4,408
Interest credited to fixed accounts 141 118 366 435
Benefits, claims, losses and settlement expenses 343 430 981 1,056
Remeasurement (gains) losses of future policy benefit reserves 22 (22) 9 (34)
Change in fair value of market risk benefits 302 566 789 658
Amortization of deferred acquisition costs 60 59 181 181
Interest and debt expense 84 87 246 252
General and administrative expense 951 975 2,814 2,892
Total benefits and expenses 3,617 3,752 10,308 9,848
Pretax income 1,174 645 3,212 2,915
Income tax provision 262 134 657 585
Net income $ 912 $ 511 $ 2,555 $ 2,330
Earnings per share        
Basic (in dollars per share) $ 9.47 $ 5.09 $ 26.23 $ 22.93
Diluted (in dollars per share) $ 9.33 $ 5.00 $ 25.83 $ 22.53
Management and financial advice fees        
Revenues        
Revenue from contracts with customers $ 2,811 $ 2,573 $ 8,013 $ 7,428
Distribution fees        
Revenues        
Revenue from contracts with customers $ 539 $ 513 $ 1,563 $ 1,524