v3.25.2
Investments - Net Investment Income and Equity in Earnings of Investees (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net Investment Income        
Gross investment income $ 90 $ 82 $ 178 $ 167
Investment expenses (1) (1) (2) (2)
Net investment income 89 81 176 165
Fair value gains (losses) on trading securities 2 17 3 43
Equity in Earnings (Losses) of Investees 3 5 56 29
Fixed-maturity securities, available-for-sale        
Net Investment Income        
Gross investment income 77 60 151 122
Short-term investments        
Net Investment Income        
Gross investment income 12 22 25 45
Other        
Net Investment Income        
Gross investment income 1 0 2 0
Sound Point        
Net Investment Income        
Equity in Earnings (Losses) of Investees (1) (3) 12 1
Equity method investments        
Net Investment Income        
Equity in Earnings (Losses) of Investees 4 8 44 28
Insured Financial Obligations, Loss Mitigation Securities        
Net Investment Income        
Gross investment income 7 7 14 14
Fixed-Maturity Securities, Trading        
Net Investment Income        
Fair value gains (losses) on trading securities still held $ 2 $ 14 $ 3 $ 31