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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES        
Policy charges and fee income $ 471 $ 626 $ 1,733 $ 1,857
Premiums 258 312 822 879
Net derivative gains (losses) (1,117) (714) (1,692) (2,298)
Net investment income (loss) 1,343 1,308 3,946 3,685
Investment gains (losses), net:        
Credit and intent to sell losses on available for sale debt securities and loans 11 (28) (43) (63)
Other investment gains (losses), net (1,181) (18) (1,212) (38)
Total investment gains (losses), net (1,170) (46) (1,255) (101)
Investment management and service fees 1,316 1,287 3,873 3,805
Other income 349 300 961 983
Total revenues 1,450 3,073 8,388 8,810
BENEFITS AND OTHER DEDUCTIONS        
Policyholders’ benefits 452 663 1,998 2,007
Remeasurement of liability for future policy benefits 59 (1) 44 (3)
Change in market risk benefits and purchased market risk benefits (353) 97 (287) (1,123)
Interest credited to policyholders’ account balances 798 701 2,272 1,879
Compensation and benefits 601 571 1,794 1,768
Commissions and distribution-related payments 537 485 1,526 1,385
Interest expense 61 55 177 174
Amortization of deferred policy acquisition costs 203 184 584 525
Other operating costs and expenses 440 329 1,817 1,309
Total benefits and other deductions 2,798 3,084 9,925 7,921
Income (loss) from continuing operations, before income taxes (1,348) (11) (1,537) 889
Income tax (expense) benefit 133 39 189 (101)
Net income (loss) (1,215) 28 (1,348) 788
Less: Net income (loss) attributable to the noncontrolling interest [1] 94 160 247 400
Net income (loss) attributable to Holdings (1,309) (132) (1,595) 388
Less: Preferred stock dividends 16 14 48 54
Net income (loss) available to Holdings’ common shareholders, basic (1,325) (146) (1,643) 334
Net income (loss) available to Holdings’ common shareholders, diluted $ (1,325) $ (146) $ (1,643) $ 334
Net income (loss) applicable to Holdings’ common shareholders per common share:        
Basic (in dollars per share) $ (4.47) $ (0.46) $ (5.43) $ 1.03
Diluted (in dollars per share) $ (4.47) $ (0.46) $ (5.43) $ 1.02
Weighted average common shares outstanding (in millions):        
Basic (in shares) 296.2 318.2 302.4 324.2
Diluted (in shares) 296.2 318.2 302.4 327.7
[1] Includes redeemable noncontrolling interest. See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.