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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Policy charges and fee income $ 626 $ 599 $ 1,857 $ 1,781
Premiums 313 267 870 823
Net derivative gains (losses) (714) 615 (2,298) (1,143)
Net investment income (loss) 1,309 1,071 3,694 3,097
Investment gains (losses), net:        
Credit and intent to sell losses on available for sale debt securities and loans (28) (65) (63) (145)
Other investment gains (losses), net (18) (346) (38) (409)
Total investment gains (losses), net (46) (411) (101) (554)
Investment management and service fees 1,287 1,217 3,805 3,579
Other income 301 266 989 775
Total revenues 3,076 3,624 8,816 8,358
BENEFITS AND OTHER DEDUCTIONS        
Policyholders’ benefits 663 693 2,007 2,107
Remeasurement of liability for future policy benefits 16 49 9 46
Change in market risk benefits and purchased market risk benefits 79 (817) (1,154) (1,772)
Interest credited to policyholders’ account balances 708 556 1,879 1,520
Compensation and benefits 571 593 1,768 1,742
Commissions and distribution-related payments 485 405 1,385 1,178
Interest expense 55 55 174 171
Amortization of deferred policy acquisition costs 184 165 525 472
Other operating costs and expenses 329 450 1,309 1,339
Total benefits and other deductions 3,090 2,149 7,902 6,803
Income (loss) from continuing operations, before income taxes (14) 1,475 914 1,555
Income tax (expense) benefit 40 (340) (106) 677
Net income (loss) 26 1,135 808 2,232
Less: Net income (loss) attributable to the noncontrolling interest [1] 160 71 400 232
Net income (loss) attributable to Holdings (134) 1,064 408 2,000
Less: Preferred stock dividends 14 14 54 54
Net income (loss) available to Holdings’ common shareholders, basic (148) 1,050 354 1,946
Net income (loss) available to Holdings’ common shareholders, diluted $ (148) $ 1,050 $ 354 $ 1,946
Net income (loss) applicable to Holdings’ common shareholders per common share:        
Basic (in dollars per share) $ (0.47) $ 3.03 $ 1.09 $ 5.49
Diluted (in dollars per share) $ (0.47) $ 3.02 $ 1.08 $ 5.47
Weighted average common shares outstanding (in millions):        
Basic (in shares) 318.2 346.4 324.2 354.4
Diluted (in shares) 318.2 348.0 327.7 355.9
[1] Includes redeemable noncontrolling interest. See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.