v3.26.1
CLOSED BLOCK - Closed Block Summarized Financial Information (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Closed Block Liabilities:    
Future policy benefits, policyholders’ account balances and other $ 4,908 $ 4,970
Other liabilities 102 118
Total Closed Block liabilities 5,010 5,088
Assets Designated to the Closed Block:    
Fixed maturities AFS, at fair value (amortized cost of $2,582 and $2,621) (allowance for credit losses of $0 and $0) 2,506 2,566
Mortgage loans on real estate (net of allowance for credit losses of $17 and $24) 1,425 1,426
Policy loans 492 500
Cash and other invested assets 242 257
Other assets 95 97
Total assets designated to the Closed Block 4,760 4,846
Excess of Closed Block liabilities over assets designated to the Closed Block 250 242
Amounts included in AOCI:    
Net unrealized investment gains (losses), net of income tax: $16 and $12 (60) (44)
Maximum future earnings to be recognized from Closed Block assets and liabilities 190 198
Amortized cost of fixed maturity AFS 2,582 2,621
Allowance for credit losses of fixed maturities AFS 0 0
Allowance for credit losses of mortgage loans on real estates 17 24
Income tax on net unrealized investment gains (losses) $ 16 $ 12