v3.25.2
Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Fixed Maturities, AFS, allowance for credit losses $ 224 $ 331
Fixed Maturities, available-for-sale, Amortized Cost 356,073 341,004
Fixed maturities, trading, amortized cost 14,696 13,631
Equity securities, AFS, amortized cost 4,954 7,043
Commercial mortgage and other loans, allowance for credit losses 554 574
Commercial mortgage and other loans [1] 62,966 62,341
Other invested assets, allowance for credit losses [1] 27,256 26,351
Other invested assets, at fair value 7,934 7,574
Reinsurance recoverables and deposit receivables, allowance for credit losses 13 12
Reinsurance recoverable and deposit receivables, embedded derivatives at fair value 634 849
Other assets, assets at fair value 0 0
Reinsurance and funds withheld payables, embedded derivatives at fair value 27 (118)
Other Liabilities, derivatives at fair value 6,350 4,751
Notes issued by consolidated variable interest entities (includes $195 and $60 measured at fair value under the fair value option at June 30, 2025 and December 31, 2024, respectively) [1] $ 1,758 $ 1,430
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 1,500,000,000 1,500,000,000
Common stock, shares, Issued 666,305,189 666,305,189
Treasury Stock, Common, Shares 314,362,248 311,738,187
Fair value option    
Commercial mortgage and other loans $ 726 $ 702
Other invested assets, allowance for credit losses 26 19
Notes issued by consolidated variable interest entities (includes $195 and $60 measured at fair value under the fair value option at June 30, 2025 and December 31, 2024, respectively) 195 60
Leveraged lease loans    
Other invested assets, allowance for credit losses 2 2
ASU 2016-13    
Short-term investments, allowance for credit losses 0 0
Other assets, allowance for credit losses 1 2
Other liabilities, allowance for credit losses $ 15 $ 14
[1] See Note 4 for details of balances associated with variable interest entities.