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BUSINESS SEGMENT INFORMATION - Operating Earning (Loss) By Segment (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Segment revenues $ 3,801 $ 3,618 $ 7,585 $ 7,257
Benefits and other deductions        
Policyholders’ benefits 787 667 1,546 1,344
Interest credited to policyholders’ account balances 805 598 1,468 1,177
Commissions and distribution-related payments 488 463 989 900
Amortization of deferred policy acquisition costs 193 169 381 341
Compensation and benefits 569 563 1,161 1,162
Interest expense and financing fees 72 63 130 126
Total benefits and other deductions 2,914 2,523 5,675 5,050
Other segment items 358 375 749 792
Income taxes (92) (119) (194) (229)
Less: Operating (earnings) loss attributable to the noncontrolling interest 85 106 194 214
Operating earnings (loss) 352 495 773 972
Operating Segments | Individual Retirement        
Segment Reporting Information [Line Items]        
Segment revenues 1,006 888 2,003 1,728
Benefits and other deductions        
Policyholders’ benefits 76 78 168 155
Interest credited to policyholders’ account balances 408 281 773 529
Commissions and distribution-related payments 101 80 199 157
Amortization of deferred policy acquisition costs 127 111 251 220
Compensation and benefits 6 14 24 31
Interest expense and financing fees 0 0 0 0
Total benefits and other deductions 718 564 1,415 1,092
Other segment items 31 38 76 72
Income taxes (42) (40) (81) (80)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) 215 246 431 484
Operating Segments | Group Retirement        
Segment Reporting Information [Line Items]        
Segment revenues 309 283 625 574
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 68 56 131 108
Commissions and distribution-related payments 44 45 87 89
Amortization of deferred policy acquisition costs 16 8 31 23
Compensation and benefits 9 8 21 18
Interest expense and financing fees 0 0 0 0
Total benefits and other deductions 137 117 270 238
Other segment items 23 21 53 46
Income taxes (25) (20) (48) (41)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) 124 125 254 249
Operating Segments | Asset Management        
Segment Reporting Information [Line Items]        
Segment revenues 1,094 1,051 2,182 2,144
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
Commissions and distribution-related payments 197 180 398 353
Amortization of deferred policy acquisition costs 0 0 0 0
Compensation and benefits 429 420 851 867
Interest expense and financing fees 9 12 16 29
Total benefits and other deductions 635 612 1,265 1,249
Other segment items 196 201 381 409
Income taxes (48) (42) (89) (86)
Less: Operating (earnings) loss attributable to the noncontrolling interest 84 95 190 193
Operating earnings (loss) 131 101 257 207
Operating Segments | Protection Solutions        
Segment Reporting Information [Line Items]        
Segment revenues 825 834 1,651 1,658
Benefits and other deductions        
Policyholders’ benefits 603 473 1,159 960
Interest credited to policyholders’ account balances 145 128 266 256
Commissions and distribution-related payments 41 43 83 83
Amortization of deferred policy acquisition costs 32 32 64 62
Compensation and benefits 27 37 65 73
Interest expense and financing fees 0 0 2 0
Total benefits and other deductions 848 713 1,639 1,434
Other segment items 46 38 100 90
Income taxes 11 (12) 14 (19)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 (1) 1 (1)
Operating earnings (loss) (58) 72 (75) 116
Operating Segments | Wealth Management        
Segment Reporting Information [Line Items]        
Segment revenues 471 442 934 865
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
Commissions and distribution-related payments 296 282 589 542
Amortization of deferred policy acquisition costs 0 0 0 0
Compensation and benefits 82 78 164 156
Interest expense and financing fees 0 0 0 0
Total benefits and other deductions 378 360 753 698
Other segment items 24 21 51 48
Income taxes (18) (17) (33) (32)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) 51 44 97 87
Operating Segments | Legacy        
Segment Reporting Information [Line Items]        
Segment revenues 100 117 220 246
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 9 8 16 17
Commissions and distribution-related payments 29 40 65 80
Amortization of deferred policy acquisition costs 15 15 30 31
Compensation and benefits 5 7 12 16
Interest expense and financing fees 0 0 0 0
Total benefits and other deductions 58 70 123 144
Other segment items 8 15 35 31
Income taxes (6) (4) (10) (10)
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) 28 28 52 61
Corporate and Other        
Segment Reporting Information [Line Items]        
Segment revenues 226 230 430 485
Benefits and other deductions        
Policyholders’ benefits 108 116 219 229
Interest credited to policyholders’ account balances 175 125 282 267
Commissions and distribution-related payments 2 7 8 10
Amortization of deferred policy acquisition costs 3 3 5 5
Compensation and benefits 11 (1) 24 1
Interest expense and financing fees 69 58 122 114
Total benefits and other deductions 368 308 660 626
Other segment items 32 47 63 108
Income taxes 36 16 53 39
Less: Operating (earnings) loss attributable to the noncontrolling interest 1 12 3 22
Operating earnings (loss) (139) (121) (243) (232)
Eliminations        
Segment Reporting Information [Line Items]        
Segment revenues (230) (227) (460) (443)
Benefits and other deductions        
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
Commissions and distribution-related payments (222) (214) (440) (414)
Amortization of deferred policy acquisition costs 0 0 0 0
Compensation and benefits 0 0 0 0
Interest expense and financing fees (6) (7) (10) (17)
Total benefits and other deductions (228) (221) (450) (431)
Other segment items (2) (6) (10) (12)
Income taxes 0 0 0 0
Less: Operating (earnings) loss attributable to the noncontrolling interest 0 0 0 0
Operating earnings (loss) $ 0 $ 0 $ 0 $ 0