v3.25.1
Investments - Net Realized Gains (Losses) and Changes in Fair Value (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net realized gains (losses) on sales:    
Gross realized gains on fixed maturity securities, AFS $ 3 $ 5
Gross realized losses on fixed maturity securities, AFS (5) (10)
Increase in allowance for expected credit losses on fixed maturity securities, AFS 0 (1)
Total net realized losses on sales (2) (6)
Fair value changes in trading securities, funds held and other investments:    
Fixed maturity securities, trading 1 (14)
Funds held - directly managed 18 (5)
Equity securities (30) 37
Other investments 43 67
Investment derivatives 11 0
Total fair value changes in trading securities, funds held and other investments [1] 43 85
Net realized losses and fair value changes in trading securities, funds held and other investments 41 79
Sales of available-for-sale securities 386 436
Equity securities $ (30) $ 37
[1] See Note 17 for additional information regarding related party transactions.