The Company is required to maintain assets on deposit with various regulatory authorities to support its insurance operations. The Company may also post collateral in connection with certain securities lending, repurchase agreements, funding agreements, credit facilities and derivative transactions. The components of the fair value of the restricted assets were as follows as of the dates indicated:


	June 30, 2025		December 31, 2024
Fixed maturity collateral pledged to FHLB(1)	$	2,294	$	2,007
FHLB restricted stock(2)	71		65
Fixed maturities-state and other deposits	40		35
Cash and cash equivalents	23		21
Securities pledged(3)	1,077		1,523
Total restricted assets	$	3,505	$	3,651

(1) Included in Fixed maturities, available-for-sale, at fair value on the Condensed Consolidated Balance Sheets.

(3) Includes the fair value of loaned securities of $722 and $1,083 as of June 30, 2025 and December 31, 2024, respectively. In addition, as of June 30, 2025 and December 31, 2024, the Company delivered securities as collateral of $170 and $159, respectively, and repurchase agreements of $185 and $281, respectively. Loaned securities and securities delivered as collateral are included in Securities pledged on the Condensed Consolidated Balance Sheets.