v3.25.2
INVESTMENTS - Schedule of Aggregate Fair Value and Gross Unrealized Depreciation of Fixed Maturity Securities - Available for Sale, by Contractual Maturity (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)
Due in one year or less    
Fair Value    
Less than 12 months 48 53
Greater than 12 months 274 166
Total 322 219
Gross Unrealized Depreciation    
Less than 12 months (1) (2)
Greater than 12 months (10) (11)
Total (11) (13)
Due in one year through five years    
Fair Value    
Less than 12 months 569 895
Greater than 12 months 1,158 1,313
Total 1,727 2,209
Gross Unrealized Depreciation    
Less than 12 months (14) (22)
Greater than 12 months (78) (107)
Total (91) (129)
Due in five years through ten years    
Fair Value    
Less than 12 months 400 1,127
Greater than 12 months 426 572
Total 826 1,699
Gross Unrealized Depreciation    
Less than 12 months (6) (23)
Greater than 12 months (60) (92)
Total (66) (115)
Due after ten years    
Fair Value    
Less than 12 months 330 465
Greater than 12 months 242 289
Total 571 754
Gross Unrealized Depreciation    
Less than 12 months (27) (26)
Greater than 12 months (34) (35)
Total (61) (61)
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)
Mortgage-backed securities    
Fair Value    
Less than 12 months 1,003 2,441
Greater than 12 months 1,298 1,015
Total 2,302 3,455
Gross Unrealized Depreciation    
Less than 12 months (16) (81)
Greater than 12 months (141) (134)
Total (158) (215)
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)