v3.26.1
Reinsurance Reinsurance (Amounts Included in Statement of Operations) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Insurance [Abstract]    
Direct premiums $ 7,182 $ 6,022
Reinsurance assumed 1,836 1,594
Reinsurance ceded (656) (616)
Premiums [1] 8,362 7,000
Direct policy charges and fee income 1,215 1,183
Reinsurance assumed 288 289
Reinsurance ceded (371) (315)
Policy charges and fee income 1,132 1,157
Direct change in value of market risk benefits, net of related hedging gains (losses) (312) (367)
Reinsurance assumed (17) (28)
Reinsurance ceded 34 44
Change in value of market risk benefits, net of related hedging gains (losses) (295) (351)
Direct policyholders’ benefits 8,498 7,260
Reinsurance assumed 2,223 1,970
Reinsurance ceded (1,188) (1,090)
Policyholders’ benefits [1] 9,533 8,140
Direct change in estimates of liability for future policy benefits 11 (47)
Reinsurance assumed 10 0
Reinsurance ceded 18 (3)
Change in estimates of liability for future policy benefits [1] $ 39 $ (50)
[1] See Note 20 for additional information regarding related party transactions.