| Schedule of Fair Value of Separate Account Investment Options |
The following table presents fair value of separate account investment options: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Group Retirement | | Life
Insurance | | Institutional
Markets | | Corporate and Other | | Total | | (in millions) | | | | | | | March 31, 2026 | | | | | | | | | | | | Equity funds | | | $ | 28,855 | | | $ | 972 | | | $ | 698 | | | $ | 24,522 | | | $ | 55,047 | | Bond funds | | | 3,116 | | | 47 | | | 1,388 | | | 3,983 | | | 8,534 | | Balanced funds | | | 5,781 | | | 58 | | | 2,716 | | | 16,830 | | | 25,385 | | Money market funds | | | 766 | | | 15 | | | 154 | | | 619 | | | 1,554 | | | Total | | | $ | 38,518 | | | $ | 1,092 | | | $ | 4,956 | | | $ | 45,954 | | | $ | 90,520 | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | Equity funds | | | $ | 30,683 | | | $ | 1,027 | | | $ | 721 | | | $ | 26,073 | | | $ | 58,504 | | Bond funds | | | 3,160 | | | 48 | | | 1,398 | | | 4,165 | | | 8,771 | | Balanced funds | | | 6,055 | | | 59 | | | 2,660 | | | 17,903 | | | 26,677 | | Money market funds | | | 803 | | | 15 | | | 178 | | | 637 | | | 1,633 | | | Total | | | $ | 40,701 | | | $ | 1,149 | | | $ | 4,957 | | | $ | 48,778 | | | $ | 95,585 | |
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| Schedule of Balances and Changes in Separate Account Liabilities |
The following table presents the balances and changes in separate account liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Group
Retirement | | Life
Insurance | | Institutional
Markets | | Corporate and Other | | Total | | (in millions) | | | | | Three Months Ended March 31, 2026 | | | | | | | | | | | | | Separate accounts balance, beginning of year | | | $ | 40,701 | | | $ | 1,149 | | | $ | 4,957 | | | $ | 48,778 | | | $ | 95,585 | | | Premiums and deposits | | | 337 | | | 8 | | | 20 | | | 407 | | | 772 | | | Policy charges | | | (118) | | | (11) | | | (27) | | | (293) | | | (449) | | | Surrenders and withdrawals | | | (1,165) | | | (8) | | | (54) | | | (1,447) | | | (2,674) | | | Benefit payments | | | (154) | | | (2) | | | (10) | | | (263) | | | (429) | | | Investment performance | | | (960) | | | (42) | | | 67 | | | (1,251) | | | (2,186) | | | Net transfers from (to) general account and other | | | (123) | | | (2) | | | 3 | | | 23 | | | (99) | | | Separate accounts balance, end of period | | | $ | 38,518 | | | $ | 1,092 | | | $ | 4,956 | | | $ | 45,954 | | | $ | 90,520 | | Cash surrender value* | | | $ | 38,434 | | | $ | 1,074 | | | $ | 4,956 | | | $ | 45,194 | | | $ | 89,658 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Group
Retirement | | Life
Insurance | | Institutional
Markets | | Corporate and Other | | Total | | (in millions) | | | | | Three Months Ended March 31, 2025 | | | | | | | | | | | | | Separate accounts balance, beginning of year | | | $ | 39,672 | | | $ | 1,059 | | | $ | 4,339 | | | $ | 48,818 | | | $ | 93,888 | | | Premiums and deposits | | | 358 | | | 8 | | | 32 | | | 334 | | | 732 | | | Policy charges | | | (116) | | | (12) | | | (27) | | | (299) | | | (454) | | | Surrenders and withdrawals | | | (1,024) | | | (12) | | | (78) | | | (1,314) | | | (2,428) | | | Benefit payments | | | (164) | | | (3) | | | (3) | | | (230) | | | (400) | | | Investment performance | | | (1,238) | | | (44) | | | 14 | | | (914) | | | (2,182) | | | Net transfers from (to) general account and other | | | (108) | | | — | | | 5 | | | 17 | | | (86) | | | Separate accounts balance, end of period | | | $ | 37,380 | | | $ | 996 | | | $ | 4,282 | | | $ | 46,412 | | | $ | 89,070 | | Cash surrender value* | | | $ | 37,288 | | | $ | 976 | | | $ | 4,284 | | | $ | 45,554 | | | $ | 88,102 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
*The cash surrender value represents the amount of the contract holder’s account balance distributable at the balance sheet date less applicable surrender charges.
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