v3.26.1
INVESTMENTS - Schedule of Aggregate Fair Value and Gross Unrealized Depreciation of Fixed Maturity Securities by Security Type (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value    
Less than 12 months $ 10,980 $ 4,194
Greater than 12 months 7,007 7,759
Total 17,987 11,953
Gross Unrealized Depreciation    
Less than 12 months (221) (70)
Greater than 12 months (563) (549)
Total (784) (619)
No Recorded Allowance for Credit Losses    
Fair Value    
Less than 12 months 10,939 4,171
Greater than 12 months 7,007 7,745
Total 17,946 11,916
Gross Unrealized Depreciation    
Less than 12 months (220) (68)
Greater than 12 months (563) (547)
Total (783) (615)
U.S. Treasury securities and obligations of U.S. government agencies and corporations    
Fair Value    
Less than 12 months 449 244
Greater than 12 months 280 333
Total 729 577
Gross Unrealized Depreciation    
Less than 12 months (4) (5)
Greater than 12 months (13) (14)
Total (17) (19)
Obligations of U.S. States and political subdivisions    
Fair Value    
Less than 12 months 2 2
Greater than 12 months 33 33
Total 34 35
Gross Unrealized Depreciation    
Less than 12 months 0 0
Greater than 12 months (5) (4)
Total (5) (4)
Corporate securities    
Fair Value    
Less than 12 months 2,784 1,370
Greater than 12 months 1,949 1,990
Total 4,733 3,360
Gross Unrealized Depreciation    
Less than 12 months (58) (31)
Greater than 12 months (156) (147)
Total (214) (179)
Asset-backed securities    
Fair Value    
Less than 12 months 1,970 802
Greater than 12 months 426 429
Total 2,396 1,231
Gross Unrealized Depreciation    
Less than 12 months (28) (5)
Greater than 12 months (15) (12)
Total (43) (17)
Agency commercial    
Fair Value    
Less than 12 months 86 43
Greater than 12 months 16 17
Total 102 60
Gross Unrealized Depreciation    
Less than 12 months (1) (1)
Greater than 12 months (1) (1)
Total (2) (2)
Non-agency commercial    
Fair Value    
Less than 12 months 480 288
Greater than 12 months 598 631
Total 1,078 919
Gross Unrealized Depreciation    
Less than 12 months (6) (5)
Greater than 12 months (30) (29)
Total (36) (33)
Agency residential    
Fair Value    
Less than 12 months 682 234
Greater than 12 months 1,704 1,755
Total 2,386 1,990
Gross Unrealized Depreciation    
Less than 12 months (7) (3)
Greater than 12 months (167) (158)
Total (174) (161)
Non-agency residential    
Fair Value    
Less than 12 months 541 81
Greater than 12 months 76 87
Total 617 168
Gross Unrealized Depreciation    
Less than 12 months (5) 0
Greater than 12 months (1) 0
Total (6) (1)
Foreign government securities    
Fair Value    
Less than 12 months 1,178 260
Greater than 12 months 460 854
Total 1,638 1,114
Gross Unrealized Depreciation    
Less than 12 months (34) (4)
Greater than 12 months (51) (61)
Total (85) (64)
Foreign corporate securities    
Fair Value    
Less than 12 months 2,769 847
Greater than 12 months 1,465 1,615
Total 4,234 2,463
Gross Unrealized Depreciation    
Less than 12 months (76) (15)
Greater than 12 months (125) (120)
Total (201) (135)
Securities where an allowance for credit loss was recorded    
Fair Value    
Less than 12 months 41 24
Greater than 12 months 0 14
Total 41 37
Gross Unrealized Depreciation    
Less than 12 months (1) (2)
Greater than 12 months 0 (2)
Total $ (1) $ (4)