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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The tables below reconcile our segment measures of performance to the GAAP measures presented on the Consolidated Statements of Comprehensive Income (Loss) (in millions):

For the Three
Months Ended
June 30, 		For the Six
Months Ended
June 30,
2024202320242023
Revenues
Operating revenues:
Annuities$1,209 $1,190 $2,477 $2,331 
Life Insurance1,511 1,760 3,052 3,517 
Group Protection1,441 1,400 2,867 2,788 
Retirement Plan Services327 334 649 661 
Other Operations39 46 66 90 
Revenue adjustments from annuity and life insurance product features105 (1,123)(474)(1,894)
Credit loss-related adjustments(34)(5)(36)(27)
Investment gains (losses) (1)
(230)(668)(311)(726)
Changes in the fair value of reinsurance-related embedded derivatives,
trading securities and certain mortgage loans (2)
201 (5)395 3 
Gains (losses) on other non-financial assets – sale of
subsidiaries/businesses (3)
584 – 584 – 
Total revenues$5,153 $2,929 $9,269 $6,743 
Reconciliation of Income (Loss) from Operations by Segment to Consolidated Net Income (Loss)
For the Three
Months Ended
June 30, 		For the Six
Months Ended
June 30,
2024202320242023
Net Income (Loss)
Income (loss) from operations:
Annuities$297 $271 $556 $545 
Life Insurance(35)33 (70)20 
Group Protection130 109 210 180 
Retirement Plan Services40 47 76 90 
Other Operations(102)(106)(336)(193)
Net annuity product features, after-tax198 822 1,337 (195)
Net life insurance product features, after-tax3 (123)(102)(218)
Credit loss-related adjustments, after-tax(28)(3)(28)(21)
Investment gains (losses), after-tax (1)
(181)(528)(246)(574)
Changes in the fair value of reinsurance-related embedded derivatives,
trading securities and certain mortgage loans, after-tax (2)
158 (4)312 3 
Transaction and integration costs related to mergers,
acquisitions and divestitures, after-tax (4)
(21)(7)(29)(7)
Gains (losses) on other non-financial assets – sale of
subsidiaries/businesses, after-tax (3)
436 – 436 – 
Net income (loss)$895 $511 $2,116 $(370)

(1)    The three and six months ended June 30, 2023, include impairments of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company’s intent to sell these securities as part of the fourth quarter 2023 reinsurance transaction. See Notes 3 and 7 for additional information.
(2)    Includes primarily changes in the fair value of the embedded derivative related to the fourth quarter 2023 reinsurance transaction. For more information, see Note 7.
(3)    For information on the sale of our wealth management business, including the statutory capital benefit, see Note 1.
(4)    Includes costs pertaining to the sale of our wealth management business and the fourth quarter 2023 reinsurance transaction. For more information, see Notes 1 and 7, respectively.
Reconciliation of Assets from Segment to Consolidated
Other segment information (in millions) was as follows:

As of
June 30,		As of
December 31,
20242023
Assets
Annuities$196,687 $185,599 
Life Insurance111,292 108,932 
Group Protection9,626 9,714 
Retirement Plan Services47,714 46,793 
Other Operations19,214 21,375 
Total assets$384,533 $372,413