v3.25.4
Income taxes - Deferred income taxes (Detail) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred income tax liabilities:    
Investments, including unrealized appreciation $ 48,411 $ 47,158
Deferred charges retroactive reinsurance 1,702 1,847
Property, plant and equipment and equipment held for lease 34,834 33,590
Goodwill and other intangible assets 7,399 7,498
Other 4,528 5,043
Deferred income tax liabilities 96,874 95,136
Deferred income tax assets:    
Unpaid insurance losses and loss adjustment expenses 1,270 1,226
Unearned insurance premiums 1,323 1,284
Accrued liabilities 2,535 2,713
Regulatory liabilities 1,388 1,364
Deferred revenue 2,916 2,539
Other 1,845 2,447
Deferred income tax assets 11,277 11,573
Net deferred income tax liability $ 85,597 $ 83,563