v3.25.2
INVESTMENTS - Schedule of Aggregate Fair Value and Gross Unrealized Depreciation of Fixed Maturity Securities - Available for Sale, by Security Type (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Fair Value    
Less than 12 months $ 3,088 $ 5,841
Greater than 12 months 3,614 3,856
Total 6,701 9,697
Gross Unrealized Depreciation    
Less than 12 months (89) (172)
Greater than 12 months (330) (397)
Total (419) (569)
No Recorded Allowance for Credit Losses    
Fair Value    
Less than 12 months 3,052 5,823
Greater than 12 months 3,598 3,856
Total 6,650 9,680
Gross Unrealized Depreciation    
Less than 12 months (84) (171)
Greater than 12 months (330) (397)
Total (414) (567)
U.S. government agencies and corporations    
Fair Value    
Less than 12 months 74 43
Greater than 12 months 163 187
Total 237 230
Gross Unrealized Depreciation    
Less than 12 months (4) (1)
Greater than 12 months (4) (10)
Total (9) (11)
Obligations of U.S. States and political subdivisions    
Fair Value    
Less than 12 months 10 9
Greater than 12 months 37 40
Total 47 48
Gross Unrealized Depreciation    
Less than 12 months (1) 0
Greater than 12 months (6) (5)
Total (7) (5)
Corporate securities    
Fair Value    
Less than 12 months 765 1,502
Greater than 12 months 1,075 1,169
Total 1,841 2,670
Gross Unrealized Depreciation    
Less than 12 months (32) (42)
Greater than 12 months (91) (116)
Total (123) (160)
Asset-backed securities    
Fair Value    
Less than 12 months 702 843
Greater than 12 months 201 501
Total 903 1,344
Gross Unrealized Depreciation    
Less than 12 months (20) (17)
Greater than 12 months (7) (18)
Total (27) (35)
Agency commercial    
Fair Value    
Less than 12 months 18  
Greater than 12 months 18  
Total 35  
Gross Unrealized Depreciation    
Less than 12 months 0  
Greater than 12 months (2)  
Total (2)  
Non-agency commercial    
Fair Value    
Less than 12 months 6  
Greater than 12 months 413  
Total 419  
Gross Unrealized Depreciation    
Less than 12 months 0  
Greater than 12 months (27)  
Total (27)  
Commercial    
Fair Value    
Less than 12 months   6
Greater than 12 months   408
Total   415
Gross Unrealized Depreciation    
Less than 12 months   0
Greater than 12 months   (38)
Total   (38)
Agency residential    
Fair Value    
Less than 12 months 760 1,784
Greater than 12 months 862 583
Total 1,623 2,367
Gross Unrealized Depreciation    
Less than 12 months (13) (70)
Greater than 12 months (113) (95)
Total (126) (166)
Non-agency residential    
Fair Value    
Less than 12 months 219 650
Greater than 12 months 5 24
Total 224 674
Gross Unrealized Depreciation    
Less than 12 months (3) (11)
Greater than 12 months 0 0
Total (3) (11)
Foreign government securities    
Fair Value    
Less than 12 months 147 298
Greater than 12 months 293 376
Total 439 674
Gross Unrealized Depreciation    
Less than 12 months (2) (11)
Greater than 12 months (29) (41)
Total (31) (52)
Foreign corporate securities    
Fair Value    
Less than 12 months 351 689
Greater than 12 months 530 569
Total 881 1,258
Gross Unrealized Depreciation    
Less than 12 months (9) (18)
Greater than 12 months (51) (72)
Total (60) (91)
Securities where an allowance for credit loss was recorded    
Fair Value    
Less than 12 months 36 17
Greater than 12 months 16 0
Total 52 17
Gross Unrealized Depreciation    
Less than 12 months (5) (1)
Greater than 12 months 0 0
Total $ (5) $ (1)