Fair Value of Financial Instruments - Fair Value Measured on a Recurring Basis Reconciliation (Details) - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
| Corporate bonds | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 6,888
|
$ 6,350
|
$ 5,017
|
| Items Included in Net Income |
(63)
|
(3)
|
(2)
|
| Gains (Losses) in OCI and Other |
19
|
2
|
11
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(238)
|
696
|
1,345
|
| Transfers Into or Out of Level 3, Net |
691
|
(157)
|
(21)
|
| Ending Fair Value |
$ 7,297
|
6,888
|
6,350
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| State and municipal bonds | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 0
|
5
|
35
|
| Items Included in Net Income |
|
0
|
(4)
|
| Gains (Losses) in OCI and Other |
|
0
|
4
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
0
|
(30)
|
| Transfers Into or Out of Level 3, Net |
|
(5)
|
0
|
| Ending Fair Value |
|
0
|
5
|
| Foreign government bonds | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
|
(30)
|
| RMBS | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
1
|
1
|
1
|
| Items Included in Net Income |
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
1
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
67
|
0
|
5
|
| Transfers Into or Out of Level 3, Net |
(69)
|
0
|
(5)
|
| Ending Fair Value |
$ 0
|
1
|
1
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| CMBS | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 8
|
8
|
0
|
| Items Included in Net Income |
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
84
|
19
|
(4)
|
| Transfers Into or Out of Level 3, Net |
(7)
|
(19)
|
12
|
| Ending Fair Value |
$ 85
|
8
|
8
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| ABS | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 2,092
|
1,476
|
1,117
|
| Items Included in Net Income |
(29)
|
2
|
0
|
| Gains (Losses) in OCI and Other |
55
|
23
|
9
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
1,651
|
980
|
733
|
| Transfers Into or Out of Level 3, Net |
(185)
|
(389)
|
(383)
|
| Ending Fair Value |
$ 3,584
|
2,092
|
1,476
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Hybrid and redeemable preferred securities | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 63
|
48
|
34
|
| Items Included in Net Income |
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
1
|
3
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
19
|
12
|
(2)
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
16
|
| Ending Fair Value |
$ 83
|
63
|
48
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Trading securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 259
|
272
|
568
|
| Items Included in Net Income |
7
|
2
|
17
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
35
|
(18)
|
(313)
|
| Transfers Into or Out of Level 3, Net |
28
|
3
|
0
|
| Ending Fair Value |
$ 329
|
259
|
272
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Equity securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 34
|
36
|
153
|
| Items Included in Net Income |
(9)
|
(3)
|
(19)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
1
|
0
|
(98)
|
| Transfers Into or Out of Level 3, Net |
2
|
1
|
0
|
| Ending Fair Value |
$ 28
|
34
|
36
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Mortgage loans on real estate |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 232
|
288
|
487
|
| Items Included in Net Income |
(3)
|
9
|
(7)
|
| Gains (Losses) in OCI and Other |
4
|
1
|
5
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(34)
|
(66)
|
(197)
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
$ 199
|
232
|
288
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Other investments |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 23
|
0
|
|
| Items Included in Net Income |
0
|
0
|
|
| Gains (Losses) in OCI and Other |
0
|
0
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(22)
|
13
|
|
| Transfers Into or Out of Level 3, Net |
0
|
10
|
|
| Ending Fair Value |
$ 1
|
$ 23
|
0
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
|
Unrealized investment gain (loss)
|
|
| Ceded MRBs | Other Assets |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 14
|
$ 274
|
540
|
| Items Included in Net Income |
5
|
(260)
|
(266)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
0
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
$ 19
|
14
|
274
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Ceded MRBs | Other liabilities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
|
(1,149)
|
(246)
|
| Items Included in Net Income |
|
|
(903)
|
| Gains (Losses) in OCI and Other |
|
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
|
0
|
| Transfers Into or Out of Level 3, Net |
|
|
0
|
| Ending Fair Value |
|
|
(1,149)
|
| Indexed annuity ceded embedded derivatives | Other Assets |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 1,970
|
940
|
525
|
| Items Included in Net Income |
222
|
227
|
6
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
290
|
803
|
409
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
$ 2,482
|
1,970
|
940
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Indexed annuity ceded embedded derivatives | Policyholder account balances |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ (12,449)
|
(9,077)
|
(4,783)
|
| Items Included in Net Income |
|
(3,059)
|
(3,193)
|
| Gains (Losses) in OCI and Other |
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
(313)
|
(1,101)
|
| Transfers Into or Out of Level 3, Net |
|
0
|
0
|
| Ending Fair Value |
|
(12,449)
|
(9,077)
|
| LPR ceded derivative | Other Assets |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
190
|
206
|
212
|
| Items Included in Net Income |
12
|
(16)
|
(6)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
0
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
$ 202
|
190
|
206
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Indexed annuity ceded embedded derivatives | Policyholder account balances |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ (12,449)
|
|
|
| Items Included in Net Income |
(2,237)
|
|
|
| Gains (Losses) in OCI and Other |
0
|
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(429)
|
(313)
|
(1,101)
|
| Transfers Into or Out of Level 3, Net |
0
|
|
|
| Ending Fair Value |
$ (15,115)
|
(12,449)
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Funds withheld reinsurance liabilities – reinsurance-related embedded derivatives | Other liabilities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ (59)
|
0
|
|
| Items Included in Net Income |
(97)
|
(59)
|
|
| Gains (Losses) in OCI and Other |
0
|
0
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
|
| Ending Fair Value |
$ (156)
|
(59)
|
0
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Ceded MRBs | Other liabilities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ (2,763)
|
(1,149)
|
|
| Items Included in Net Income |
(121)
|
(1,614)
|
|
| Gains (Losses) in OCI and Other |
0
|
0
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
|
| Ending Fair Value |
$ (2,884)
|
(2,763)
|
(1,149)
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Derivative investments |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ (136)
|
36
|
2
|
| Items Included in Net Income |
24
|
(124)
|
(13)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
4
|
3
|
16
|
| Transfers Into or Out of Level 3, Net |
0
|
(51)
|
31
|
| Ending Fair Value |
$ (108)
|
(136)
|
$ 36
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
|
|
| Derivative liabilities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
$ 4
|
$ 3
|
|