XML 98 R84.htm IDEA: XBRL DOCUMENT v3.25.1
Segments - Operating Revenues (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Total revenues $ 1,969 $ 2,051
Net investment income 560 529
Net gains (losses) (34) 43
Net investment income 32 78
Other expense 8 1
Less: Net income (loss) attributable to noncontrolling interest (5) 37
Less: Preferred stock dividends 17 17
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 173 287
Operating Segments | Health Solutions Segment    
Segment Reporting Information [Line Items]    
Net commissions 45 51
Adjusted operating earnings before income taxes 46 59
Net investment income 36 38
Net gains (losses) (1) 1
External customer revenue 807 867
Net investment income 0 0
Intersegment Fee income and elimination 0 0
Other Nonrecurring (Income) Expense (1) (1)
Adjusted operating revenues 841 905
Interest Credited to Policy Owner Account 551 613
Administrative Fees Expense 139 134
Deferred Policy Acquisition Cost, Amortization Expense, Other 9 8
Financing Costs And Dividends, Preferred Stock 0 0
Other expense 0 0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 0 0
Operating Segments | Investment Management Segment    
Segment Reporting Information [Line Items]    
Net commissions 0 0
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax 53 53
Adjusted operating earnings before income taxes 41 42
Net investment income 7 5
Net gains (losses) (1) (1)
External customer revenue 223 218
Net investment income 36 78
Intersegment Fee income and elimination 22 20
Other Nonrecurring (Income) Expense (44) (86)
Adjusted operating revenues 243 234
Interest Credited to Policy Owner Account 0 0
Administrative Fees Expense 190 181
Noninterest Income 0 0
Deferred Policy Acquisition Cost, Amortization Expense, Other 0 0
Financing Costs And Dividends, Preferred Stock 0 0
Other expense 0 0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 12 12
Operating Segments | Wealth Solutions Segment    
Segment Reporting Information [Line Items]    
Net commissions 71 62
Adjusted operating earnings before income taxes 207 186
Net investment income 471 442
Net gains (losses) (31) 38
External customer revenue 380 313
Net investment income 0 0
Intersegment Fee income and elimination 0 0
Other Nonrecurring (Income) Expense (22) (74)
Adjusted operating revenues 798 719
Interest Credited to Policy Owner Account 231 216
Administrative Fees Expense 261 234
Noninterest Income 0 0
Deferred Policy Acquisition Cost, Amortization Expense, Other 28 22
Financing Costs And Dividends, Preferred Stock 0 0
Other expense 0 0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 0 0
Adjustments    
Segment Reporting Information [Line Items]    
Investment Gains (Losses) and Other Related Adjustments (5) 47
Disposal Group, Including Discontinued Operation, Revenue 28 24
Revenues Attributable to Noncontrolling Interest 25 65
Other Operating Income 33 52
Gain (Loss) on Investments   63
Gain (Loss) on Disposition of Business   (32)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest   288
Segment Reporting, Reconciling Item, Corporate Nonsegment    
Segment Reporting Information [Line Items]    
Net commissions 0 0
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax (63) (64)
Adjusted operating earnings before income taxes (62) (63)
Net investment income 46 44
Net gains (losses) (1) 5
External customer revenue 1 3
Net investment income (4) 0
Intersegment Fee income and elimination (22) (20)
Other Nonrecurring (Income) Expense (14) (27)
Adjusted operating revenues 6 4
Interest Credited to Policy Owner Account 0 0
Administrative Fees Expense 0 0
Noninterest Income 0 0
Deferred Policy Acquisition Cost, Amortization Expense, Other 0 0
Financing Costs And Dividends, Preferred Stock 47 45
Other expense 22 23
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest (1) (1)
Operating Segments And Corporate Non Segment    
Segment Reporting Information [Line Items]    
Net commissions 116 113
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax 243 235
Gain (Loss) on Investments (2)  
Gain (Loss) on Disposition of Business (39)  
Adjusted operating earnings before income taxes 232 224
Net investment income 560 529
Net gains (losses) (34) 43
External customer revenue 1,411 1,401
Net investment income 32 78
Intersegment Fee income and elimination 0 0
Other Nonrecurring (Income) Expense (81) (188)
Adjusted operating revenues 1,888 1,863
Interest Credited to Policy Owner Account 782 829
Administrative Fees Expense 590 549
Noninterest Income 50 41
Deferred Policy Acquisition Cost, Amortization Expense, Other 37 30
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest $ 11 $ 11