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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Reconciliation Of Operating Profit Loss From Segments To Consolidated Text Block | The following tables summarize the Company’s reportable segment revenues, significant expenses, measure of profit and loss and reconciliations to the Company’s consolidated totals (dollars in millions):
For the three months ended September 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| U.S. and Latin America |  | Canada |  | Europe, Middle East and Africa |  | Asia Pacific |  | Corporate and Other |  | Total
| Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  |
Segment revenues | $ | 2,190 |  |  | $ | 1,070 |  |  | $ | 398 |  |  | $ | 106 |  |  | $ | 597 |  |  | $ | 387 |  |  | $ | 956 |  |  | $ | 365 |  |  | $ | 181 |  |  | $ | 6,250 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (33) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (19) |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Other revenues (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6 |
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,204 |
Less significant expenses (2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted claims and other policy benefits | 1,769 |  |  | 511 |  |  | 307 |  |  | 92 |  |  | 516 |  |  | 253 |  |  | 761 |  |  | 135 |  |  | — |  |  |
Future policy benefits remeasurement (gains) losses | (46) |  |  | 2 |  |  | (8) |  |  | — |  |  | 216 |  |  | (37) |  |  | (41) |  |  | (1) |  |  | — |  |  |
Adjusted interest credited | 61 |  |  | 324 |  |  | 1 |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 107 |  |  | 47 |  |  |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 98 |  |  |
Other segment items (3) | 270 |  |  | 133 |  |  | 55 |  |  | 7 |  |  | 57 |  |  | 24 |  |  | 98 |  |  | 53 |  |  | 94 |  |  |
Adjusted operating income (loss) before income taxes | $ | 136 |  |  | $ | 100 |  |  | $ | 43 |  |  | $ | 7 |  |  | $ | (192) |  |  | $ | 140 |  |  | $ | 138 |  |  | $ | 71 |  |  | $ | (58) |  |  | $ | 385 |
Reconciliation of adjusted operating income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Market risk benefits remeasurement gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  | (33) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  | (19) |
Derivatives – interest credited |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Interest credited on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Interest expense on uncertain tax positions |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Other reconciling items (4) |  |  |  |  |  |  |  |  |  |  |  |  |  | (14) |
Income before income taxes per condensed consolidated statements of income |  |  |  |  |  |  |  |  |  |  | $ | 320 |
(1)Includes market valuation adjustments on surrender charges and other immaterial items. (2)The significant expense categories and amounts align with the segment level information that is regularly provided to the CEO. Intersegment expenses are included within the amounts above. (3)Includes policy acquisition costs and other insurance expenses and other operating expenses. (4)Includes market valuation adjustments on surrender charges, pension risk transfer initial loss and other immaterial items.
For the nine months ended September 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| U.S. and Latin America |  | Canada |  | Europe, Middle East and Africa |  | Asia Pacific |  | Corporate and Other |  | Total
| Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  |
Segment revenues | $ | 6,701 |  |  | $ | 1,985 |  |  | $ | 1,188 |  |  | $ | 321 |  |  | $ | 1,777 |  |  | $ | 1,036 |  |  | $ | 2,695 |  |  | $ | 1,060 |  |  | $ | 505 |  |  | $ | 17,268 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (147) |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (41) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (17) |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Other revenues (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 17,063 |
Less significant expenses (2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted claims and other policy benefits | 5,464 |  |  | 787 |  |  | 920 |  |  | 276 |  |  | 1,532 |  |  | 644 |  |  | 2,133 |  |  | 438 |  |  | — |  |  |
Future policy benefits remeasurement (gains) losses | 3 |  |  | (1) |  |  | (3) |  |  | — |  |  | 214 |  |  | (43) |  |  | (67) |  |  | (6) |  |  | — |  |  |
Adjusted interest credited | 127 |  |  | 577 |  |  | 1 |  |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 284 |  |  | 139 |  |  |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 268 |  |  |
Other segment items (3) | 827 |  |  | 358 |  |  | 167 |  |  | 18 |  |  | 155 |  |  | 69 |  |  | 281 |  |  | 137 |  |  | 258 |  |  |
Adjusted operating income (loss) before income taxes | $ | 280 |  |  | $ | 264 |  |  | $ | 103 |  |  | $ | 27 |  |  | $ | (124) |  |  | $ | 346 |  |  | $ | 348 |  |  | $ | 207 |  |  | $ | (160) |  |  | $ | 1,291 |
Reconciliation of adjusted operating income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | (147) |
Market risk benefits remeasurement gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | (11) |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  | (41) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  | (17) |
Derivatives – interest credited |  |  |  |  |  |  |  |  |  |  |  |  |  | (13) |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Interest credited on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Interest expense on uncertain tax positions |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Other reconciling items (4) |  |  |  |  |  |  |  |  |  |  |  |  |  | (32) |
Income before income taxes per condensed consolidated statements of income |  |  |  |  |  |  |  |  |  |  | $ | 1,030 |
(1)Includes market valuation adjustments on surrender charges and other immaterial items. (2)The significant expense categories and amounts align with the segment level information that is regularly provided to the CEO. Intersegment expenses are included within the amounts above. (3)Includes policy acquisition costs and other insurance expenses and other operating expenses. (4)Includes market valuation adjustments on surrender charges, pension risk transfer initial loss and other immaterial items.
For the three months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| U.S. and Latin America |  | Canada |  | Europe, Middle East and Africa |  | Asia Pacific |  | Corporate and Other |  | Total
| Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  |
Segment revenues | $ | 2,159 |  |  | $ | 1,003 |  |  | $ | 385 |  |  | $ | 99 |  |  | $ | 550 |  |  | $ | 256 |  |  | $ | 819 |  |  | $ | 270 |  |  | $ | 168 |  |  | $ | 5,709 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 23 |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (112) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Other revenues (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29 |
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,651 |
Less significant expenses (2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted claims and other policy benefits | 1,712 |  |  | 654 |  |  | 296 |  |  | 90 |  |  | 472 |  |  | 148 |  |  | 656 |  |  | 90 |  |  | — |  |  |
Future policy benefits remeasurement (gains) losses | 46 |  |  | 12 |  |  | (4) |  |  | — |  |  | 35 |  |  | — |  |  | 53 |  |  | 9 |  |  | — |  |  |
Adjusted interest credited | 45 |  |  | 131 |  |  | 1 |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 75 |  |  | 41 |  |  |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 77 |  |  |
Other segment items (3) | 277 |  |  | 126 |  |  | 62 |  |  | 5 |  |  | 61 |  |  | 17 |  |  | 99 |  |  | 36 |  |  | 68 |  |  |
Adjusted operating income (loss) before income taxes | $ | 79 |  |  | $ | 80 |  |  | $ | 30 |  |  | $ | 4 |  |  | $ | (18) |  |  | $ | 86 |  |  | $ | 11 |  |  | $ | 60 |  |  | $ | (18) |  |  | $ | 314 |
Reconciliation of adjusted operating income (loss) before income taxes |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | 23 |
Market risk benefits remeasurement gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | (31) |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  | (112) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Derivatives – interest credited |  |  |  |  |  |  |  |  |  |  |  |  |  | (11) |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Interest credited on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Interest expense on uncertain tax positions |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Other reconciling items (4) |  |  |  |  |  |  |  |  |  |  |  |  |  | 31 |
Income before income taxes per condensed consolidated statements of income |  |  |  |  |  |  |  |  |  |  | $ | 214 |
(1)Includes market valuation adjustments on surrender charges and other immaterial items. (2)The significant expense categories and amounts align with the segment level information that is regularly provided to the CEO. Intersegment expenses are included within the amounts above. (3)Includes policy acquisition costs and other insurance expenses and other operating expenses. (4)Includes market valuation adjustments on surrender charges, pension risk transfer initial loss and other immaterial items.
For the nine months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| U.S. and Latin America |  | Canada |  | Europe, Middle East and Africa |  | Asia Pacific |  | Corporate and Other |  | Total
| Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  | Traditional |  | Financial Solutions |  |
Segment revenues | $ | 6,122 |  |  | $ | 3,961 |  |  | $ | 1,160 |  |  | $ | 228 |  |  | $ | 1,599 |  |  | $ | 728 |  |  | $ | 2,388 |  |  | $ | 690 |  |  | $ | 423 |  |  | $ | 17,299 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (517) |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Other revenues (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 91 |
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 16,866 |
Less significant expenses (2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted claims and other policy benefits | 4,960 |  |  | 2,977 |  |  | 883 |  |  | 198 |  |  | 1,360 |  |  | 403 |  |  | 1,849 |  |  | 211 |  |  | — |  |  |
Future policy benefits remeasurement (gains) losses | (41) |  |  | 11 |  |  | (6) |  |  | — |  |  | 36 |  |  | 4 |  |  | 25 |  |  | 8 |  |  | — |  |  |
Adjusted interest credited | 83 |  |  | 392 |  |  | 1 |  |  | — |  |  | — |  |  | 21 |  |  | — |  |  | 175 |  |  | 106 |  |  |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 218 |  |  |
Other segment items (3) | 746 |  |  | 331 |  |  | 180 |  |  | 12 |  |  | 184 |  |  | 51 |  |  | 295 |  |  | 106 |  |  | 199 |  |  |
Adjusted operating income (loss) before income taxes | $ | 374 |  |  | $ | 250 |  |  | $ | 102 |  |  | $ | 18 |  |  | $ | 19 |  |  | $ | 249 |  |  | $ | 219 |  |  | $ | 190 |  |  | $ | (100) |  |  | $ | 1,321 |
Reconciliation of adjusted operating income (loss) before income taxes |  |  |  |  |  |  |  |  |  |
Investment and derivative gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | (517) |
Market risk benefits remeasurement gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  | 12 |
Change in fair value of funds withheld embedded derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  | (9) |
Funds withheld gains (losses) – investment income |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
Derivatives – interest credited |  |  |  |  |  |  |  |  |  |  |  |  |  | (18) |
Investment income (loss) on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | (1) |
Interest credited on unit-linked variable annuities |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Interest expense on uncertain tax positions |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Other reconciling items (4) |  |  |  |  |  |  |  |  |  |  |  |  |  | (37) |
Income before income taxes per condensed consolidated statements of income |  |  |  |  |  |  |  |  |  |  | $ | 755 |
(1)Includes market valuation adjustments on surrender charges and other immaterial items. (2)The significant expense categories and amounts align with the segment level information that is regularly provided to the CEO. Intersegment expenses are included within the amounts above. (3)Includes policy acquisition costs and other insurance expenses and other operating expenses. (4)Includes market valuation adjustments on surrender charges, pension risk transfer initial loss and other immaterial items.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
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