v3.26.1
Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Reported Value Measurement [Member]    
Assets    
Mortgage loans on real estate (net of valuation allowances) [1] $ 11,318 $ 11,104
Policy loans [1] 3,703 3,541
Funds withheld at interest [1] 8,476 8,216
Cash and cash equivalents [1] 1,958 1,708
Short-term investments [1] 83 91
Other invested assets [1] 1,290 1,271
Accrued investment income [1] 1,361 1,296
Other assets [1] 1,029 1,020
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures [1] 71 72
Liabilities    
Interest-sensitive contract liabilities [1],[2] 31,679 31,056
Funds withheld payable [1] 6,616 6,863
Long-term debt [1] 6,105 5,710
Other Notes Payable   5,800
Estimate of Fair Value Measurement [Member]    
Assets    
Mortgage loans on real estate (net of valuation allowances) 11,149 11,044
Policy loans 3,703 3,541
Funds withheld at interest 8,285 7,970
Cash and cash equivalents 1,958 1,708
Short-term investments 83 91
Other invested assets 1,063 1,051
Accrued investment income 1,361 1,296
Other assets 1,039 1,071
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures 99 98
Liabilities    
Interest-sensitive contract liabilities [2] 31,579 31,013
Funds withheld payable 6,441 6,681
Long-term Debt, Fair Value 5,951 5,638
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 1 Member    
Assets    
Mortgage loans on real estate (net of valuation allowances) 0 0
Policy loans 0 0
Funds withheld at interest 0 0
Cash and cash equivalents 1,958 1,708
Short-term investments 83 91
Other invested assets 1 2
Accrued investment income 0 0
Other assets 0 0
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures 0 0
Liabilities    
Interest-sensitive contract liabilities [2] 0 0
Funds withheld payable 0 0
Long-term Debt, Fair Value 0 0
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 2 Member    
Assets    
Mortgage loans on real estate (net of valuation allowances) 0 0
Policy loans 3,703 3,541
Funds withheld at interest 0 0
Cash and cash equivalents 0 0
Short-term investments 0 0
Other invested assets 68 68
Accrued investment income 1,361 1,296
Other assets 0
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures 0 0
Liabilities    
Interest-sensitive contract liabilities [2] 0 0
Funds withheld payable 0 0
Long-term Debt, Fair Value 0 0
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 3 Member    
Assets    
Mortgage loans on real estate (net of valuation allowances) 11,149 11,044
Policy loans 0 0
Funds withheld at interest 8,285 7,970
Cash and cash equivalents 0 0
Short-term investments 0 0
Other invested assets 994 981
Accrued investment income 0 0
Other assets 1,039 1,071
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures 99 98
Liabilities    
Interest-sensitive contract liabilities [2] 31,579 31,013
Funds withheld payable 6,441 6,681
Long-term Debt, Fair Value 5,951 5,638
Mortgage loans on real estate (net of valuation allowances) 11,318 11,104
Policy loans 3,703 3,541
Funds withheld at interest 8,390 8,149
Cash and cash equivalents 4,993 4,168
Short-term investments 357 346
Other invested assets 1,525 1,514
Accrued investment income 1,361 1,296
Other assets 3,503 2,916
Interest-sensitive contract liabilities 53,540 52,095
Funds withheld payable 6,494 6,805
Long-term debt 6,105 5,710
Reinsurance Recoverables, Gross $ 1,800 $ 1,900
[1] Carrying values presented herein may differ from those in the Company’s condensed consolidated balance sheets because certain items within the respective financial statement captions may be measured at fair value on a recurring basis.
[2] Carrying values and estimated fair values presented herein include a reinsurance recoverable of $1.8 billion as of March 31, 2026 and $1.9 billion as of December 31, 2025.