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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Effects of Reinsurance
Information regarding the effect of reinsurance on the Consolidated Balance Sheets is as follows as of the periods indicated:
Direct
Assumed(1)
CededTotal,
Net of
Reinsurance
December 31, 2025
Assets
Premium receivable
$189 $12 $(241)$(40)
Reinsurance recoverable, net of allowance for credit losses— — 10,753 10,753 
Total$189 $12 $10,512 $10,713 
Liabilities
Future policy benefits and contract owner account balances$45,302 $4,054 $— $49,356 
Total$45,302 $4,054 $— $49,356 
December 31, 2024
Assets
Premium receivable
$205 $10 $(238)$(23)
Reinsurance recoverable, net of allowance for credit losses— — 11,307 11,307 
Total$205 $10 $11,069 $11,284 
Liabilities
Future policy benefits and contract owner account balances$45,540 $896 $— $46,436 
Total$45,540 $896 $— $46,436 
(1) As of December 31, 2025, Future policy benefits and contract owner account balances include $3.1 billion of full-service retirement plan contracts assumed related to the acquisition of OneAmerica Financial's full-service retirement plan business.
Information regarding the effect of reinsurance in the Consolidated Statements of Operations is as follows for the periods indicated:
Year Ended December 31,

202520242023
Premiums:
Direct premiums$3,804 $4,084 $3,599 
Reinsurance assumed35 21 26 
Reinsurance ceded(927)(929)(908)
Net premiums$2,912 $3,176 $2,717 
Fee income:
Direct fee income$2,689 $2,494 $2,303 
Reinsurance assumed109 16 17 
Reinsurance ceded(402)(397)(404)
Net fee income$2,396 $2,113 $1,916 
Interest credited and other benefits to contract owners / policyholders:
Direct interest credited and other benefits to contract owners / policyholders
$4,630 $4,931 $4,322 
Reinsurance assumed140 60 64 
Reinsurance ceded(1,409)(1,372)(1,350)
Net interest credited and other benefits to contract owners / policyholders
$3,361 $3,619 $3,036