v3.26.1
Fair Value of Financial Instruments - Schedule of Carrying Value and Estimated Fair Value of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Investments in unconsolidated affiliates $ 5,299 $ 5,166
Trade and notes receivables, net of allowance 473 473
Total  
Total Estimated Fair Value    
Assets    
FHLB common stock 146 155
Commercial mortgage loans 3,303 3,025
Residential mortgage loans 4,668 4,424
Investments in unconsolidated affiliates 4,753 4,608
Policy loans 157 147
Other invested assets 95 93
Company-owned life insurance 894 887
Trade and notes receivables, net of allowance 473 473
Total 14,489 13,812
Liabilities    
Investment contracts, included in Contractholder funds 52,123 51,027
Debt 4,059 4,204
Total 56,182 55,231
Carrying Amount    
Assets    
FHLB common stock 146 155
Commercial mortgage loans 3,515 3,242
Residential mortgage loans 4,944 4,649
Investments in unconsolidated affiliates 4,753 4,608
Policy loans 157 147
Other invested assets 95 93
Company-owned life insurance 894 887
Trade and notes receivables, net of allowance 473 473
Total 14,977 14,254
Liabilities    
Investment contracts, included in Contractholder funds 57,094 56,184
Debt 4,402 4,400
Total 61,496 60,584
Level 1    
Assets    
FHLB common stock 0 0
Commercial mortgage loans 0 0
Residential mortgage loans 0 0
Investments in unconsolidated affiliates 0 0
Policy loans 0 0
Other invested assets 18 18
Company-owned life insurance 0 0
Trade and notes receivables, net of allowance 0 0
Total 18 18
Liabilities    
Investment contracts, included in Contractholder funds 0 0
Debt 0 0
Total 0 0
Level 2    
Assets    
FHLB common stock 146 155
Commercial mortgage loans 0 0
Residential mortgage loans 0 0
Investments in unconsolidated affiliates 0 0
Policy loans 0 0
Other invested assets 0 0
Company-owned life insurance 0 0
Trade and notes receivables, net of allowance 0 0
Total 146 155
Liabilities    
Investment contracts, included in Contractholder funds 0 0
Debt 4,059 4,204
Total 4,059 4,204
Level 3    
Assets    
FHLB common stock 0 0
Commercial mortgage loans 3,303 3,025
Residential mortgage loans 4,668 4,424
Investments in unconsolidated affiliates 0 0
Policy loans 157 147
Other invested assets 0 0
Company-owned life insurance 894 887
Trade and notes receivables, net of allowance 473 473
Total 9,495 8,956
Liabilities    
Investment contracts, included in Contractholder funds 52,123 51,027
Debt 0 0
Total 52,123 51,027
NAV    
Assets    
Investments in unconsolidated affiliates 4,753 4,608
Other invested assets 77 75
Total $ 4,830 $ 4,683