v3.25.3
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in the Components of AOCI
Changes in the components of AOCI were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2025202420252024
Securities and derivatives
Beginning balance$1,053 $400 $832 $171 
Unrealized (depreciation) appreciation on securities and derivatives, before reclassification, net of tax benefit (expense) of $137, $(65), $93 and $(133), respectively
(406)254 (237)435 
Amounts reclassified to Shareholders' net income, net of tax (benefit) of $(1), $(2), $(14) and $(15), respectively
5 10 57 58 
Other comprehensive (loss) income, net of tax
(401)264 (180)493 
Ending balance$652 $664 $652 $664 
Net long-duration insurance and contractholder liabilities measurement adjustments
Beginning balance$(2,815)$(1,743)$(2,038)$(971)
Net current period change in discount rate for certain long-duration liabilities, before reclassification, net of tax (expense) benefit of $(146), $3, $92 and $265, respectively
427 (31)(296)(789)
Amounts reclassified to Shareholders' net income, net of tax expense of $—, $—, $16 and $—, respectively
— — (56)— 
Net current period change in discount rate for certain long-duration liabilities, net of tax (expense) benefit of $(146), $3, $108 and $265, respectively
427 (31)(352)(789)
Net current period change in instrument-specific credit risk for market risk benefits, net of tax benefit of $2, $—, $1 and $4, respectively
(6)3 (4)(11)
Other comprehensive income (loss), net of tax
421 (28)(356)(800)
Ending balance$(2,394)$(1,771)$(2,394)$(1,771)
Translation of foreign currencies
Beginning balance$(120)$(180)$(198)$(149)
Net translation of foreign currencies, before reclassification, net of tax (expense) of $—, $(2), $(8) and $(5), respectively
(10)39 68 8 
Ending balance$(130)$(141)$(130)$(141)
Postretirement benefits liability
Beginning balance$(934)$(919)$(937)$(915)
Amounts reclassified to Shareholders' net income, net of tax (benefit) of $(3), $(5), $(7) and $(8), respectively
7 4 19 16 
Net change due to valuation update, before reclassification, net of tax benefit of $1, $1, $4 and $5, respectively
— — (9)(16)
Other comprehensive income, net of tax
7 4 10 — 
Ending balance$(927)$(915)$(927)$(915)
Total Accumulated other comprehensive loss
Beginning balance$(2,816)$(2,442)$(2,341)$(1,864)
Shareholders' other comprehensive income (loss), net of tax (expense) benefit of $(10), $(70), $177 and $113, respectively
17 279 (458)(299)
Ending balance$(2,799)$(2,163)$(2,799)$(2,163)