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Segments (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Operating Earnings Before Income Taxes from Segments

The following tables reconcile Adjusted operating revenues to Total revenues and Adjusted operating earnings before income taxes to Income (loss) before income taxes for the periods indicated:

			Year Ended December 31, 2025
			Reportable Segments
			Retirement						Investment Management						Employee Benefits						Corporate(1)						Total
Revenues:
External customer revenue(2)			$	1,594					$	957					$	3,196					$	1					$	5,748
Net investment income			1,970						26						160						162						2,318
Net gains (losses)			(166)						1						(4)						39						(130)
Income (loss) related to CIEs			—						250						—						3						253
Intersegment Fee income and elimination			—						86						—						(86)						—
Total revenues																											8,189
Adjustments(3)			(57)						(290)						(4)						(100)						(451)
Adjusted operating revenues			3,341						1,030						3,348						19						7,738
Less:
Interest credited and other benefits to contract owners/policyholders			933						—						2,230						—						3,163
Administrative expenses			1,044						739						548						—						2,331
Premium taxes, fees and assessments			—						—						204						—						204
Net commissions			293						—						174						—						467
DAC/VOBA and other intangibles amortization			112						—						40						—						152
Financing costs and preferred dividends			—						—						—						160						160
Other			—						—						—						164						164
Adjusted operating earnings before income taxes including noncontrolling interest			959						291						152						(305)						1,096
Less: Earnings (loss) attributable to the noncontrolling interest			—						65						—						(7)						58
Adjusted operating earnings before income taxes			959						226						152						(299)						1,038
Plus adjustments:
Net investment gains (losses)																											(42)
Income (loss) related to businesses exited or to be exited through reinsurance or divestment																											(147)
Income (loss) attributable to noncontrolling interests																											79
Dividend payments made to preferred shareholders																											41
Other adjustments																											(132)
Income (loss) before income taxes																											$	837

(1) Corporate is not a reportable segment.

(2) Includes Fee income, Premiums and Other revenue and excludes intersegment fee income and the related elimination.

(3) Includes Net investment gains (losses) of $(58), Revenues related to businesses exited or to be exited through reinsurance or divestment of $117, Revenues attributable to noncontrolling interests of $214 and Other adjustments of $179.

			Year Ended December 31, 2024
			Reportable Segments
			Retirement						Investment Management						Employee Benefits						Corporate(1)						Total
Revenues:
External customer revenue(2)			$	1,332					$	920					$	3,438					$	22					$	5,712
Net investment income			1,735						20						145						173						2,074
Net gains (losses)			(24)						—						(7)						5						(27)
Income (loss) related to CIEs			—						288						—						3						291
Intersegment Fee income and elimination			—						79						—						(79)						—
Total revenues																											8,050
Adjustments(3)			(138)						(325)						1						(101)						(563)
Adjusted operating revenues			2,905						982						3,577						23						7,487
Less:
Interest credited and other benefits to contract owners/policyholders			849						—						2,602						—						3,451
Administrative expenses			897						703						525						—						2,125
Premium taxes, fees and assessments			—						—						186						—						186
Net commissions			255						—						188						—						443
DAC/VOBA and other intangibles amortization			84						—						36						—						120
Financing costs and preferred dividends			—						—						—						162						162
Other			—						—						—						66						66
Adjusted operating earnings before income taxes including noncontrolling interest			820						278						40						(205)						933
Less: Earnings (loss) attributable to the noncontrolling interest			—						65						—						(2)						63
Adjusted operating earnings before income taxes			820						213						40						(203)						870
Plus adjustments:
Net investment gains (losses)																											50
Income (loss) related to businesses exited or to be exited through reinsurance or divestment																											(142)
Income (loss) attributable to noncontrolling interests																											75
Dividend payments made to preferred shareholders																											41
Other adjustments																											(95)
Income (loss) before income taxes																											$	799

(1) Corporate is not a reportable segment.

(2) Includes Fee income, Premiums and Other revenue and excludes intersegment fee income and the related elimination.

(3) Includes Net investment gains (losses) of $22, Revenues related to businesses exited or to be exited through reinsurance or divestment of $102, Revenues attributable to noncontrolling interests of $243 and Other adjustments of $196.

			Year Ended December 31, 2023
			Reportable Segments
			Retirement						Investment Management						Employee Benefits						Corporate(1)						Total
Revenues:
External customer revenue(2)			$	1,121					$	831					$	2,948					$	60					$	4,960
Net investment income			1,807						26						135						191						2,159
Net gains (losses)			(144)						—						(5)						77						(72)
Income (loss) related to CIEs			—						301						—						—						301
Intersegment Fee income and elimination			—						85						—						(85)						—
Total revenues																											7,348
Adjustments(3)			(8)						(327)						4						(195)						(526)
Adjusted operating revenues			2,776						916						3,082						48						6,822
Less:
Interest credited and other benefits to contract owners/policyholders			895						—						1,896						—						2,790
Administrative expenses			931						690						506						—						2,127
Premium taxes, fees and assessments			—						—						147						—						147
Net commissions			229						—						186						—						415
DAC/VOBA and other intangibles amortization			90						—						33						—						123
Financing costs and preferred dividends			—						—						—						161						161
Other			—						—						—						96						96
Adjusted operating earnings before income taxes including noncontrolling interest			632						225						315						(208)						964
Less: Earnings (loss) attributable to the noncontrolling interest			—						49						—						(1)						48
Adjusted operating earnings before income taxes			632						177						315						(207)						916
Plus adjustments:
Net investment gains (losses)																											(15)
Income (loss) related to businesses exited or to be exited through reinsurance or divestment																											(182)
Income (loss) attributable to noncontrolling interests																											104
Dividend payments made to preferred shareholders																											36
Other adjustments																											(180)
Income (loss) before income taxes																											$	678

(1) Corporate is not a reportable segment.

(2) Includes Fee income, Premiums and Other revenue and excludes intersegment fee income and the related elimination.

(3) Includes Net investment gains (losses) of $(44), Revenues related to businesses exited or to be exited through reinsurance or divestment of $113, Revenues attributable to noncontrolling interests of $247 and Other adjustments of $210.

Schedule of Revenue from Segments

The following tables reconcile Adjusted operating revenues to Total revenues and Adjusted operating earnings before income taxes to Income (loss) before income taxes for the periods indicated:

			Year Ended December 31, 2025
			Reportable Segments
			Retirement						Investment Management						Employee Benefits						Corporate(1)						Total
Revenues:
External customer revenue(2)			$	1,594					$	957					$	3,196					$	1					$	5,748
Net investment income			1,970						26						160						162						2,318
Net gains (losses)			(166)						1						(4)						39						(130)
Income (loss) related to CIEs			—						250						—						3						253
Intersegment Fee income and elimination			—						86						—						(86)						—
Total revenues																											8,189
Adjustments(3)			(57)						(290)						(4)						(100)						(451)
Adjusted operating revenues			3,341						1,030						3,348						19						7,738
Less:
Interest credited and other benefits to contract owners/policyholders			933						—						2,230						—						3,163
Administrative expenses			1,044						739						548						—						2,331
Premium taxes, fees and assessments			—						—						204						—						204
Net commissions			293						—						174						—						467
DAC/VOBA and other intangibles amortization			112						—						40						—						152
Financing costs and preferred dividends			—						—						—						160						160
Other			—						—						—						164						164
Adjusted operating earnings before income taxes including noncontrolling interest			959						291						152						(305)						1,096
Less: Earnings (loss) attributable to the noncontrolling interest			—						65						—						(7)						58
Adjusted operating earnings before income taxes			959						226						152						(299)						1,038
Plus adjustments:
Net investment gains (losses)																											(42)
Income (loss) related to businesses exited or to be exited through reinsurance or divestment																											(147)
Income (loss) attributable to noncontrolling interests																											79
Dividend payments made to preferred shareholders																											41
Other adjustments																											(132)
Income (loss) before income taxes																											$	837

(1) Corporate is not a reportable segment.

(2) Includes Fee income, Premiums and Other revenue and excludes intersegment fee income and the related elimination.

(3) Includes Net investment gains (losses) of $(58), Revenues related to businesses exited or to be exited through reinsurance or divestment of $117, Revenues attributable to noncontrolling interests of $214 and Other adjustments of $179.

			Year Ended December 31, 2024
			Reportable Segments
			Retirement						Investment Management						Employee Benefits						Corporate(1)						Total
Revenues:
External customer revenue(2)			$	1,332					$	920					$	3,438					$	22					$	5,712
Net investment income			1,735						20						145						173						2,074
Net gains (losses)			(24)						—						(7)						5						(27)
Income (loss) related to CIEs			—						288						—						3						291
Intersegment Fee income and elimination			—						79						—						(79)						—
Total revenues																											8,050
Adjustments(3)			(138)						(325)						1						(101)						(563)
Adjusted operating revenues			2,905						982						3,577						23						7,487
Less:
Interest credited and other benefits to contract owners/policyholders			849						—						2,602						—						3,451
Administrative expenses			897						703						525						—						2,125
Premium taxes, fees and assessments			—						—						186						—						186
Net commissions			255						—						188						—						443
DAC/VOBA and other intangibles amortization			84						—						36						—						120
Financing costs and preferred dividends			—						—						—						162						162
Other			—						—						—						66						66
Adjusted operating earnings before income taxes including noncontrolling interest			820						278						40						(205)						933
Less: Earnings (loss) attributable to the noncontrolling interest			—						65						—						(2)						63
Adjusted operating earnings before income taxes			820						213						40						(203)						870
Plus adjustments:
Net investment gains (losses)																											50
Income (loss) related to businesses exited or to be exited through reinsurance or divestment																											(142)
Income (loss) attributable to noncontrolling interests																											75
Dividend payments made to preferred shareholders																											41
Other adjustments																											(95)
Income (loss) before income taxes																											$	799

(1) Corporate is not a reportable segment.

(2) Includes Fee income, Premiums and Other revenue and excludes intersegment fee income and the related elimination.

(3) Includes Net investment gains (losses) of $22, Revenues related to businesses exited or to be exited through reinsurance or divestment of $102, Revenues attributable to noncontrolling interests of $243 and Other adjustments of $196.

			Year Ended December 31, 2023
			Reportable Segments
			Retirement						Investment Management						Employee Benefits						Corporate(1)						Total
Revenues:
External customer revenue(2)			$	1,121					$	831					$	2,948					$	60					$	4,960
Net investment income			1,807						26						135						191						2,159
Net gains (losses)			(144)						—						(5)						77						(72)
Income (loss) related to CIEs			—						301						—						—						301
Intersegment Fee income and elimination			—						85						—						(85)						—
Total revenues																											7,348
Adjustments(3)			(8)						(327)						4						(195)						(526)
Adjusted operating revenues			2,776						916						3,082						48						6,822
Less:
Interest credited and other benefits to contract owners/policyholders			895						—						1,896						—						2,790
Administrative expenses			931						690						506						—						2,127
Premium taxes, fees and assessments			—						—						147						—						147
Net commissions			229						—						186						—						415
DAC/VOBA and other intangibles amortization			90						—						33						—						123
Financing costs and preferred dividends			—						—						—						161						161
Other			—						—						—						96						96
Adjusted operating earnings before income taxes including noncontrolling interest			632						225						315						(208)						964
Less: Earnings (loss) attributable to the noncontrolling interest			—						49						—						(1)						48
Adjusted operating earnings before income taxes			632						177						315						(207)						916
Plus adjustments:
Net investment gains (losses)																											(15)
Income (loss) related to businesses exited or to be exited through reinsurance or divestment																											(182)
Income (loss) attributable to noncontrolling interests																											104
Dividend payments made to preferred shareholders																											36
Other adjustments																											(180)
Income (loss) before income taxes																											$	678

(1) Corporate is not a reportable segment.

(2) Includes Fee income, Premiums and Other revenue and excludes intersegment fee income and the related elimination.

(3) Includes Net investment gains (losses) of $(44), Revenues related to businesses exited or to be exited through reinsurance or divestment of $113, Revenues attributable to noncontrolling interests of $247 and Other adjustments of $210.

Schedule of Assets from Segments

The summary below presents Total assets for the Company’s segments as of the dates indicated:

			December 31, 2025						December 31, 2024
Retirement			$	144,423					$	129,058
Investment Management			1,905						1,873
Employee Benefits			3,330						3,490
Corporate			24,749						24,940
Total assets, before consolidation(1)			174,410						159,361
Consolidation of investment entities			4,449						4,528
Total assets			$	178,859					$	163,889

(1) Includes the Company's direct investments in CIEs prior to consolidation, which are accounted for using the equity method or fair value option.

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-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

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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

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-Topic 280
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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ 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

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