Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUES
Policy charges and fee income	$ 404	$ 61
Premiums	132	69
Net derivative gains (losses)	(1,055)	6
Net investment income (loss)	161	29
Investment gains (losses), net	(1)	(5)
Investment management and service fees	128	5
Other income	35	6
Total revenues	(196)	171
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	291	79
Remeasurement of liability for future policy benefits	(9)	(1)
Change in market risk benefits and purchased market risk benefits	(1,034)	1
Interest credited to policyholders’ account balances	262	23
Compensation and benefits	19	13
Commissions	107	31
Amortization of deferred policy acquisition costs	27	12
Amortization of reinsurance deposit assets	153	1
Other operating costs and expenses	94	22
Total benefits and other deductions	(90)	181
Income (loss) from continuing operations, before income taxes	(106)	(10)
Income tax (expense) benefit	23	72
Net income (loss)	$ (83)	$ 62