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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Policy charges and fee income $ 2,454 $ 2,768 $ 3,735
Premiums 994 960 997
Net derivative gains (losses) 907 (7,149) (1,722)
Net investment income (loss) 3,315 3,846 3,477
Investment gains (losses), net:      
Credit and intent to sell losses on available for sale debt securities and loans (314) 2 (58)
Other investment gains (losses), net (631) 866 802
Total investment gains (losses), net (945) 868 744
Investment management and service fees 4,891 5,395 4,608
Other income 1,028 926 576
Total revenues 12,644 7,614 12,415
BENEFITS AND OTHER DEDUCTIONS      
Policyholders’ benefits 2,716 2,788 5,326
Remeasurement of liability for future policy benefits 66 13 0
Change in market risk benefits and purchased market risk benefits (1,280) (5,943) 0
Interest credited to policyholders’ account balances 1,410 1,219 1,222
Compensation and benefits 2,201 2,363 2,096
Commissions and distribution-related payments 1,567 1,662 1,351
Interest expense 201 244 200
Amortization of deferred policy acquisition costs 586 552 1,613
Other operating costs and expenses 2,185 2,107 1,700
Total benefits and other deductions 9,652 5,005 13,508
Income (loss) from continuing operations, before income taxes 2,992 2,609 (1,093)
Income tax (expense) benefit (598) (439) 744
Net income (loss) 2,394 2,170 (349)
Less: Net income (loss) attributable to the noncontrolling interest 241 415 299
Net income (loss) attributable to Holdings 2,153 1,755 (648)
Less: Preferred stock dividends 80 79 53
Net income (loss) available to Holdings’ common shareholders 2,073 1,676 (701)
Net income (loss) available to Holdings’ common shareholders $ 2,073 $ 1,676 $ (701)
Net income (loss) applicable to Holdings’ common shareholders per common share:      
Basic (in dollars per share) $ 5.49 $ 4.02 $ (1.56)
Diluted (in dollars per share) $ 5.46 $ 3.98 $ (1.56)
Weighted average common shares outstanding (in millions):      
Basic (in shares) 377.6 417.4 450.4
Diluted (in shares) 379.9 421.2 450.4