v3.26.1
FAIR VALUE MEASUREMENTS - Changes in Investments Carried at Fair Value Classified as Level 3 (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period $ 3,517 $ 2,224
Net investment gains (losses) included in earnings 10 1
Unrealized gains (losses) included in other comprehensive income (loss) (63) 19
Purchases 313 547
Issuances 0 0
Sales 0 (1)
Settlements (94) (20)
Transfers into Level 3 119 15
Transfers out of Level 3 (5) (95)
Balance, end of period 3,797 2,690
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ 0 $ 1
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net investment gains (losses), Other Comprehensive Income (Loss), before Tax Net investment gains (losses), Other Comprehensive Income (Loss), before Tax
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net investment gains (losses) Net investment gains (losses)
Fixed maturity securities | Mortgage- and asset-backed securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period $ 2,294 $ 1,156
Net investment gains (losses) included in earnings 2 0
Unrealized gains (losses) included in other comprehensive income (loss) (32) 10
Purchases 302 434
Issuances 0 0
Sales 0 0
Settlements (30) (12)
Transfers into Level 3 119 15
Transfers out of Level 3 0 0
Balance, end of period 2,655 1,603
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 1 0
Fixed maturity securities | Public utilities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 876 647
Net investment gains (losses) included in earnings 4 0
Unrealized gains (losses) included in other comprehensive income (loss) (23) 6
Purchases 10 110
Issuances 0 0
Sales 0 0
Settlements (42) (7)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period 825 756
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0
Fixed maturity securities | Sovereign and supranational    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 19 23
Net investment gains (losses) included in earnings 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 1
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period 19 24
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0
Fixed maturity securities | Banks/financial institutions    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 9 10
Net investment gains (losses) included in earnings 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 (5) 0
Balance, end of period 4 10
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0
Fixed maturity securities | Other corporate    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 159 231
Net investment gains (losses) included in earnings 6 0
Unrealized gains (losses) included in other comprehensive income (loss) (8) 2
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements (22) (1)
Transfers into Level 3 0 0
Transfers out of Level 3 0 (95)
Balance, end of period 135 137
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0
Equity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 160 157
Net investment gains (losses) included in earnings (2) 1
Unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases 1 3
Issuances 0 0
Sales 0 (1)
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period 159 160
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ (1) $ 1