Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Restricted Assets

The Company is required to maintain assets on deposit with various regulatory authorities to support its insurance operations. The Company may also post collateral in connection with certain securities lending, repurchase agreements, funding agreements, credit facilities and derivative transactions. The fair value of restricted assets were as follows as of the dates indicated:


	March 31, 2026		December 31, 2025
Fixed maturity collateral pledged to FHLB(1)	$	2,473	$	2,467
FHLB restricted stock(2)	89		83
Fixed maturities-state and other deposits	35		34
Cash and cash equivalents	19		25
Securities pledged(3)	1,210		1,261
Total restricted assets	$	3,826	$	3,870

(1) Included in Fixed maturities, available-for-sale, at fair value on the Condensed Consolidated Balance Sheets.

(2) Included in Other investments on the Condensed Consolidated Balance Sheets.

(3) Includes the fair value of loaned securities of $774 and $731 as of March 31, 2026 and December 31, 2025, respectively. In addition, as of March 31, 2026 and December 31, 2025, the Company delivered securities as collateral of $215 and $204, respectively, and repurchase agreements of $221 and $326, respectively. Loaned securities and securities delivered as collateral are included in Securities pledged on the Condensed Consolidated Balance Sheets.