Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||
policy charges and fee income | 471,000,000 | 626,000,000 | 636,000,000 | 638,000,000 | 626,000,000 | 617,000,000 | 614,000,000 | 599,000,000 | 599,000,000 | 594,000,000 | 588,000,000 | 792,000,000 | 796,000,000 | 813,000,000 | 840,000,000 | 882,000,000 | 867,000,000 | 939,000,000 | 949,000,000 | 948,000,000 | 914,000,000 | 879,000,000 | 991,000,000 | 937,000,000 | 929,000,000 | 941,000,000 | 931,000,000 | 943,000,000 | 951,000,000 | 987,000,000 | 972,000,000 |
premiums | 258,000,000 | 260,000,000 | 304,000,000 | 292,000,000 | 313,000,000 | 282,000,000 | 275,000,000 | 281,000,000 | 267,000,000 | 280,000,000 | 276,000,000 | 250,000,000 | 259,000,000 | 238,000,000 | 247,000,000 | 231,000,000 | 230,000,000 | 241,000,000 | 258,000,000 | 243,000,000 | 221,000,000 | 244,000,000 | 289,000,000 | 300,000,000 | 284,000,000 | 280,000,000 | 283,000,000 | 271,000,000 | 269,000,000 | 275,000,000 | 279,000,000 |
net derivative gains | -1,117,000,000 | -1,374,000,000 | 799,000,000 | -253,000,000 | -714,000,000 | -208,000,000 | -1,376,000,000 | -1,254,000,000 | 615,000,000 | -917,000,000 | -841,000,000 | -1,422,000,000 | 68,000,000 | 2,229,000,000 | 821,000,000 | -535,000,000 | -185,000,000 | -1,199,000,000 | -2,546,000,000 | -3,612,000,000 | -1,472,000,000 | -6,033,000,000 | 9,401,000,000 | -1,683,000,000 | -451,000,000 | -236,000,000 | -1,630,000,000 | 2,057,000,000 | -2,006,000,000 | -73,000,000 | -281,000,000 |
net investment income | 1,343,000,000 | 1,355,000,000 | 1,248,000,000 | 1,202,000,000 | 1,309,000,000 | 1,166,000,000 | 1,219,000,000 | 1,223,000,000 | 1,071,000,000 | 1,036,000,000 | 990,000,000 | 958,000,000 | 842,000,000 | 711,000,000 | 804,000,000 | 932,000,000 | 997,000,000 | 1,033,000,000 | 884,000,000 | 947,000,000 | 879,000,000 | 1,035,000,000 | 616,000,000 | 884,000,000 | 824,000,000 | 976,000,000 | 1,015,000,000 | 825,000,000 | 681,000,000 | 596,000,000 | 591,000,000 |
investment gains, net: | |||||||||||||||||||||||||||||||
credit and intent to sell losses on available for sale debt securities and loans | 11,000,000 | -54,000,000 | -19,000,000 | -28,000,000 | -15,000,000 | -20,000,000 | -75,000,000 | -65,000,000 | -14,000,000 | -66,000,000 | -48,000,000 | -267,000,000 | |||||||||||||||||||
other investment gains | -1,181,000,000 | -17,000,000 | -14,000,000 | -13,000,000 | -18,000,000 | -1,000,000 | -19,000,000 | -84,000,000 | -346,000,000 | -42,000,000 | -21,000,000 | -7,000,000 | -65,000,000 | -223,000,000 | -336,000,000 | 103,000,000 | 165,000,000 | 415,000,000 | 183,000,000 | 565,000,000 | 21,000,000 | 200,000,000 | 16,000,000 | -103,000,000 | 199,000,000 | -93,000,000 | -31,000,000 | -22,000,000 | 102,000,000 | ||
total investment gains | -1,170,000,000 | -71,000,000 | -14,000,000 | -32,000,000 | -46,000,000 | -16,000,000 | -39,000,000 | -159,000,000 | -411,000,000 | -56,000,000 | -87,000,000 | -55,000,000 | -332,000,000 | -232,000,000 | -326,000,000 | 101,000,000 | 163,000,000 | 420,000,000 | 184,000,000 | 554,000,000 | 17,000,000 | 169,000,000 | 4,000,000 | -103,000,000 | 199,000,000 | -131,000,000 | -35,000,000 | -22,000,000 | 102,000,000 | ||
investment management and service fees | 1,316,000,000 | 1,272,000,000 | 1,285,000,000 | 1,458,000,000 | 1,287,000,000 | 1,240,000,000 | 1,278,000,000 | 1,241,000,000 | 1,217,000,000 | 1,182,000,000 | 1,180,000,000 | 1,160,000,000 | 1,179,000,000 | 1,197,000,000 | 1,355,000,000 | 1,497,000,000 | 1,323,000,000 | 1,318,000,000 | 1,257,000,000 | 1,294,000,000 | 1,126,000,000 | 1,052,000,000 | 1,136,000,000 | 1,208,000,000 | 1,101,000,000 | 1,072,000,000 | 999,000,000 | 1,050,000,000 | 1,088,000,000 | 1,075,000,000 | 1,055,000,000 |
other income | 349,000,000 | 294,000,000 | 318,000,000 | 316,000,000 | 301,000,000 | 429,000,000 | 259,000,000 | 239,000,000 | 266,000,000 | 258,000,000 | 251,000,000 | 213,000,000 | 197,000,000 | 212,000,000 | 203,000,000 | 210,000,000 | 220,000,000 | 198,000,000 | 167,000,000 | 142,000,000 | 155,000,000 | 124,000,000 | 156,000,000 | 146,000,000 | 142,000,000 | 139,000,000 | 127,000,000 | 140,000,000 | 135,000,000 | 124,000,000 | 117,000,000 |
total revenues | 1,450,000,000 | 2,362,000,000 | 4,576,000,000 | 3,621,000,000 | 3,076,000,000 | 3,510,000,000 | 2,230,000,000 | 2,170,000,000 | 3,624,000,000 | 2,377,000,000 | 2,357,000,000 | 1,896,000,000 | 3,009,000,000 | 5,168,000,000 | 3,944,000,000 | 3,318,000,000 | 3,615,000,000 | 2,950,000,000 | 1,153,000,000 | 516,000,000 | 1,840,000,000 | -2,530,000,000 | 12,593,000,000 | 1,689,000,000 | 3,028,000,000 | 3,160,000,000 | 1,714,000,000 | 5,155,000,000 | 1,083,000,000 | 2,962,000,000 | 2,835,000,000 |
benefits and other deductions | |||||||||||||||||||||||||||||||
policyholders’ benefits | 452,000,000 | 787,000,000 | 759,000,000 | 689,000,000 | 663,000,000 | 667,000,000 | 677,000,000 | 647,000,000 | 693,000,000 | 684,000,000 | 730,000,000 | 786,000,000 | 625,000,000 | 914,000,000 | 1,060,000,000 | 700,000,000 | 751,000,000 | 828,000,000 | 939,000,000 | 780,000,000 | 1,034,000,000 | 746,000,000 | 2,788,000,000 | 837,000,000 | 1,757,000,000 | 896,000,000 | 880,000,000 | 1,103,000,000 | 318,000,000 | 920,000,000 | 608,000,000 |
remeasurement of liability for future policy benefits | 59,000,000 | -13,000,000 | -2,000,000 | -3,000,000 | 16,000,000 | -8,000,000 | 1,000,000 | 29,000,000 | 49,000,000 | -7,000,000 | 4,000,000 | ||||||||||||||||||||
change in market risk benefits and purchased market risk benefits | -353,000,000 | -606,000,000 | 672,000,000 | -817,000,000 | 79,000,000 | -133,000,000 | -1,100,000,000 | -35,000,000 | -817,000,000 | -975,000,000 | 20,000,000 | ||||||||||||||||||||
interest credited to policyholders’ account balances | 798,000,000 | 796,000,000 | 678,000,000 | 620,000,000 | 708,000,000 | 605,000,000 | 566,000,000 | 563,000,000 | 556,000,000 | 501,000,000 | 463,000,000 | 407,000,000 | 378,000,000 | 309,000,000 | 315,000,000 | 314,000,000 | 305,000,000 | 309,000,000 | 291,000,000 | 292,000,000 | 306,000,000 | 307,000,000 | 317,000,000 | 319,000,000 | 304,000,000 | 314,000,000 | 304,000,000 | 273,000,000 | 278,000,000 | 268,000,000 | 271,000,000 |
compensation and benefits | 601,000,000 | 592,000,000 | 601,000,000 | 673,000,000 | 571,000,000 | 577,000,000 | 620,000,000 | 586,000,000 | 593,000,000 | 566,000,000 | 583,000,000 | 520,000,000 | 566,000,000 | 518,000,000 | 595,000,000 | 598,000,000 | 614,000,000 | 568,000,000 | 580,000,000 | 598,000,000 | 503,000,000 | 469,000,000 | 526,000,000 | 558,000,000 | 502,000,000 | 512,000,000 | 509,000,000 | 353,000,000 | 548,000,000 | 558,000,000 | 620,000,000 |
commissions and distribution-related payments | 537,000,000 | 488,000,000 | 501,000,000 | 511,000,000 | 485,000,000 | 463,000,000 | 437,000,000 | 412,000,000 | 405,000,000 | 393,000,000 | 380,000,000 | 383,000,000 | 368,000,000 | 394,000,000 | 422,000,000 | 447,000,000 | 436,000,000 | 397,000,000 | 382,000,000 | 369,000,000 | 342,000,000 | 302,000,000 | 338,000,000 | 337,000,000 | 317,000,000 | 307,000,000 | 281,000,000 | ||||
interest expense | 61,000,000 | 61,000,000 | 55,000,000 | 52,000,000 | 55,000,000 | 62,000,000 | 57,000,000 | 57,000,000 | 55,000,000 | 55,000,000 | 61,000,000 | 53,000,000 | 51,000,000 | 50,000,000 | 47,000,000 | 60,000,000 | 59,000,000 | 51,000,000 | 74,000,000 | 48,000,000 | 52,000,000 | 48,000,000 | 52,000,000 | 54,000,000 | 54,000,000 | 57,000,000 | 56,000,000 | 60,000,000 | 65,000,000 | 60,000,000 | 46,000,000 |
amortization of deferred policy acquisition costs | 203,000,000 | 193,000,000 | 188,000,000 | 186,000,000 | 184,000,000 | 169,000,000 | 172,000,000 | 169,000,000 | 165,000,000 | 155,000,000 | 152,000,000 | 96,000,000 | 105,000,000 | 160,000,000 | 181,000,000 | 136,000,000 | 64,000,000 | 106,000,000 | 87,000,000 | 58,000,000 | 90,000,000 | 183,000,000 | 1,248,000,000 | 119,000,000 | 85,000,000 | 177,000,000 | 198,000,000 | 671,000,000 | -363,000,000 | -1,000,000 | 15,000,000 |
other operating costs and expenses | 440,000,000 | 427,000,000 | 950,000,000 | 513,000,000 | 329,000,000 | 427,000,000 | 553,000,000 | 559,000,000 | 450,000,000 | 466,000,000 | 423,000,000 | 572,000,000 | 497,000,000 | 583,000,000 | 537,000,000 | 598,000,000 | 456,000,000 | 447,000,000 | 608,000,000 | 392,000,000 | 436,000,000 | 434,000,000 | 437,000,000 | 577,000,000 | 449,000,000 | 456,000,000 | 410,000,000 | 460,000,000 | 430,000,000 | 425,000,000 | 494,000,000 |
total benefits and other deductions | 2,798,000,000 | 2,725,000,000 | 4,402,000,000 | 2,424,000,000 | 3,090,000,000 | 2,829,000,000 | 1,983,000,000 | 2,987,000,000 | 2,149,000,000 | 1,838,000,000 | 2,816,000,000 | 2,817,000,000 | 2,590,000,000 | 2,928,000,000 | 3,157,000,000 | 2,853,000,000 | 2,685,000,000 | 2,706,000,000 | 2,961,000,000 | 2,537,000,000 | 2,763,000,000 | 2,489,000,000 | 5,706,000,000 | 2,801,000,000 | 3,468,000,000 | 2,719,000,000 | 2,638,000,000 | 2,826,000,000 | 1,701,000,000 | 2,648,000,000 | 2,465,000,000 |
income from continuing operations, before income taxes | -1,348,000,000 | -363,000,000 | 174,000,000 | 1,197,000,000 | -14,000,000 | 681,000,000 | 247,000,000 | -817,000,000 | 1,475,000,000 | 539,000,000 | -459,000,000 | -921,000,000 | 419,000,000 | 2,240,000,000 | 787,000,000 | 465,000,000 | 930,000,000 | 244,000,000 | -1,808,000,000 | -2,021,000,000 | -923,000,000 | -5,019,000,000 | 6,887,000,000 | -1,112,000,000 | -440,000,000 | 441,000,000 | -924,000,000 | 2,329,000,000 | -618,000,000 | 314,000,000 | 370,000,000 |
income tax benefit | 133,000,000 | 80,000,000 | -24,000,000 | -182,000,000 | 40,000,000 | -116,000,000 | -30,000,000 | 228,000,000 | -340,000,000 | 292,000,000 | 725,000,000 | 208,000,000 | -92,000,000 | -467,000,000 | -148,000,000 | -77,000,000 | -165,000,000 | -21,000,000 | 408,000,000 | 885,000,000 | 218,000,000 | 1,077,000,000 | -1,440,000,000 | 271,000,000 | 124,000,000 | -11,000,000 | 215,000,000 | -330,000,000 | 175,000,000 | -59,000,000 | -79,000,000 |
net income | -1,215,000,000 | -283,000,000 | 150,000,000 | 1,015,000,000 | 26,000,000 | 565,000,000 | 217,000,000 | -589,000,000 | 1,135,000,000 | 831,000,000 | 266,000,000 | -713,000,000 | 327,000,000 | 1,773,000,000 | 639,000,000 | 388,000,000 | 765,000,000 | 223,000,000 | -1,400,000,000 | -1,136,000,000 | -705,000,000 | -3,942,000,000 | 5,447,000,000 | -841,000,000 | -316,000,000 | 430,000,000 | -709,000,000 | 1,999,000,000 | -443,000,000 | 255,000,000 | 291,000,000 |
yoy | -4773.08% | -150.09% | -30.88% | -272.33% | -97.71% | -32.01% | -18.42% | -17.39% | 247.09% | -53.13% | -58.37% | -283.76% | -57.25% | 695.07% | -145.64% | -134.15% | -208.51% | -105.66% | -125.70% | 35.08% | 123.10% | -1016.74% | -868.27% | -142.07% | -28.67% | 68.63% | -343.64% | ||||
qoq | 329.33% | -288.67% | -85.22% | 3803.85% | -95.40% | 160.37% | -136.84% | -151.89% | 36.58% | 212.41% | -137.31% | -318.04% | -81.56% | 177.46% | 64.69% | -49.28% | 243.05% | -115.93% | 23.24% | 61.13% | -82.12% | -172.37% | -747.68% | 166.14% | -173.49% | -160.65% | -135.47% | -551.24% | -273.73% | -12.37% | |
net income margin % | |||||||||||||||||||||||||||||||
less: net income attributable to the noncontrolling interest | 94,000,000 | 66,000,000 | 87,000,000 | 116,000,000 | 160,000,000 | 137,000,000 | 103,000,000 | 109,000,000 | 71,000,000 | 72,000,000 | 89,000,000 | 76,000,000 | 54,000,000 | 45,000,000 | 66,000,000 | 134,000,000 | 93,000,000 | 100,000,000 | 88,000,000 | 102,000,000 | 74,000,000 | 86,000,000 | 37,000,000 | 96,000,000 | 68,000,000 | 67,000,000 | |||||
net income attributable to holdings | -1,309,000,000 | -349,000,000 | 63,000,000 | 899,000,000 | -134,000,000 | 428,000,000 | 114,000,000 | -698,000,000 | 1,064,000,000 | 759,000,000 | 177,000,000 | -789,000,000 | 273,000,000 | 1,728,000,000 | 573,000,000 | 254,000,000 | 672,000,000 | 123,000,000 | -1,488,000,000 | -1,238,000,000 | -779,000,000 | -4,028,000,000 | 5,410,000,000 | -937,000,000 | -384,000,000 | 363,000,000 | -775,000,000 | 1,938,000,000 | -496,000,000 | 158,000,000 | 168,000,000 |
less: preferred stock dividends | 16,000,000 | 18,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 13,000,000 | 19,000,000 | 11,000,000 | 10,000,000 | 13,000,000 | ||||||||
net income available to holdings’ common shareholders | -1,325,000,000 | -367,000,000 | 49,000,000 | 873,000,000 | -148,000,000 | 402,000,000 | 100,000,000 | -724,000,000 | 1,050,000,000 | 733,000,000 | 163,000,000 | -815,000,000 | 259,000,000 | 1,702,000,000 | 559,000,000 | 228,000,000 | 658,000,000 | 97,000,000 | -1,501,000,000 | -1,257,000,000 | -790,000,000 | -4,038,000,000 | 5,397,000,000 | ||||||||
earnings per common share | |||||||||||||||||||||||||||||||
net income applicable to holdings’ common shareholders per common share: | |||||||||||||||||||||||||||||||
basic | -4,470,000 | -1,210,000 | 160,000 | 2,730,000 | -470,000 | 1,240,000 | 300,000 | -2,000,000 | 3,030,000 | 2,060,000 | 450,000 | -2,100,000 | 690,000 | 4,490,000 | 1,440,000 | 520,000 | 1,600,000 | 230,000 | -3,460,000 | -2,790,000 | -1,770,000 | -8,960,000 | 11,710,000 | ||||||||
diluted | -4,470,000 | -1,210,000 | 160,000 | 2,700,000 | -470,000 | 1,230,000 | 300,000 | -1,990,000 | 3,020,000 | 2,060,000 | 450,000 | -2,090,000 | 690,000 | 4,470,000 | 1,430,000 | 520,000 | 1,590,000 | 230,000 | -3,460,000 | -2,780,000 | -1,770,000 | -8,960,000 | 11,650,000 | ||||||||
weighted-average common shares outstanding | 561 | ||||||||||||||||||||||||||||||
basic | 296,200,000 | 303,200,000 | 307,800,000 | 321,200,000 | 318,200,000 | 324,200,000 | 330,200,000 | 350,100,000 | 346,400,000 | 355,200,000 | 361,900,000 | 377,600,000 | 374,500,000 | 378,900,000 | 388,600,000 | 417,400,000 | 411,300,000 | 424,200,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 461,000,000 | 493.6 | 490.4 | 491.1 | 518 | 556.4 | 560.3 | ||
diluted | 296,200,000 | 303,200,000 | 311,900,000 | 324,800,000 | 318,200,000 | 327,300,000 | 332,700,000 | 351,600,000 | 348,000,000 | 356,100,000 | 364,100,000 | 379,900,000 | 376,800,000 | 380,600,000 | 391,700,000 | 417,400,000 | 414,600,000 | 428,300,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 463,500,000 | 493.6 | 490.4 | 491.9 | 518 | 556.5 | 560.3 | ||
credit losses on available-for-sale debt securities and loans | -9,000,000 | 10,000,000 | -2,000,000 | -2,000,000 | |||||||||||||||||||||||||||
credit losses on available for sale debt securities and loans | 5,000,000 | 1,000,000 | |||||||||||||||||||||||||||||
credit losses on afs debt securities and loans | -11,750,000 | -4,000,000 | -31,000,000 | -12,000,000 | |||||||||||||||||||||||||||
total other-than-temporary impairment losses | -38,000,000 | -4,000,000 | |||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||
earnings per share - common stock: | |||||||||||||||||||||||||||||||
basic | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | |||||||||||||||||||||||
diluted | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | |||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||
basic | 296,200,000 | 303,200,000 | 307,800,000 | 321,200,000 | 318,200,000 | 324,200,000 | 330,200,000 | 350,100,000 | 346,400,000 | 355,200,000 | 361,900,000 | 377,600,000 | 374,500,000 | 378,900,000 | 388,600,000 | 417,400,000 | 411,300,000 | 424,200,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 461,000,000 | 493.6 | 490.4 | 491.1 | 518 | 556.4 | 560.3 | ||
diluted | 296,200,000 | 303,200,000 | 311,900,000 | 324,800,000 | 318,200,000 | 327,300,000 | 332,700,000 | 351,600,000 | 348,000,000 | 356,100,000 | 364,100,000 | 379,900,000 | 376,800,000 | 380,600,000 | 391,700,000 | 417,400,000 | 414,600,000 | 428,300,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 463,500,000 | 493.6 | 490.4 | 491.9 | 518 | 556.5 | 560.3 | ||
investment gains | -12,000,000 | -11,000,000 | |||||||||||||||||||||||||||||
less: net (income) loss attributable to the noncontrolling interest | -66,000,000 | -61,000,000 | -53,000,000 | -97,000,000 | -123,000,000 | ||||||||||||||||||||||||||
commissions and distribution related payments | -94,000,000 | 425,000,000 | 418,000,000 | 411,000,000 | |||||||||||||||||||||||||||
earnings per share - common stock | |||||||||||||||||||||||||||||||
basic | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | |||||||||||||||||||||||
diluted | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | |||||||||||||||||||||||
weighted-average common shares outstanding - basic | 561 | ||||||||||||||||||||||||||||||
weighted-average common shares outstanding - diluted | 561.1 | ||||||||||||||||||||||||||||||
weighted-average common shares outstanding | 561 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.
