v3.26.1
Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Schedule of Current and Long-Term Investments, Available-For-Sale
A summary of current and long-term fixed maturity securities, available-for-sale, at June 30, 2026 and December 31, 2025 is as follows:
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance
For Credit
Losses		Estimated
Fair Value
 
June 30, 2026
Fixed maturity securities:
United States Government securities$1,384 $2 $(29)$— $1,357 
Government sponsored securities52 — — — 52 
Foreign government securities13 — — — 13 
States, municipalities and political subdivisions, tax-exempt3,483 76 (60)(3)3,496 
Corporate securities13,950 222 (176)(4)13,992 
Residential mortgage-backed securities3,537 21 (155)(2)3,401 
Commercial mortgage-backed securities1,861 13 (34)(2)1,838 
Other asset-backed securities2,945 54 (126)(44)2,829 
Total fixed maturity securities$27,225 $388 $(580)$(55)$26,978 
December 31, 2025
Fixed maturity securities:
United States Government securities$1,512 $10 $(19)$— $1,503 
Government sponsored securities80 2 (1)— 81 
Foreign government securities13 — — — 13 
States, municipalities and political subdivisions, tax-exempt3,701 76 (74)(2)3,701 
Corporate securities13,498 419 (130)(4)13,783 
Residential mortgage-backed securities3,203 43 (136)(3)3,107 
Commercial mortgage-backed securities2,078 28 (31)(2)2,073 
Other asset-backed securities2,804 53 (103)(10)2,744 
Total fixed maturity securities$26,889 $631 $(494)$(21)$27,005 
Schedule of Aggregate Fair Value and Gross Unrealized Loss of Fixed Maturity Securities in an Unrealized Loss Position
For fixed maturity securities in an unrealized loss position at June 30, 2026 and December 31, 2025, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position:
 Less than 12 Months12 Months or Greater
(Securities are whole amounts)Number of
Securities		Estimated
Fair Value		Gross
Unrealized
Loss		Number of
Securities		Estimated
Fair Value		Gross
Unrealized
Loss
June 30, 2026
Fixed maturity securities:
United States Government securities47 $883 $(13)13$122 $(16)
Government sponsored securities12 16 — 119 — 
Foreign government securities2 7 — 1— — 
States, municipalities and political subdivisions, tax-exempt246 606 (8)360586 (52)
Corporate securities1,565 4,705 (80)6441,014 (96)
Residential mortgage-backed securities362 1,159 (16)1,151905 (139)
Commercial mortgage-backed securities186 810 (10)154308 (24)
Other asset-backed securities306 1,152 (25)178382 (101)
Total fixed maturity securities2,726 $9,338 $(152)2,512$3,326 $(428)
December 31, 2025
Fixed maturity securities:
United States Government securities18 $460 $(3)17 $167 $(16)
Government sponsored securities4 — — 1629 (1)
Foreign government securities1 3 — 21 — 
States, municipalities and political subdivisions, tax-exempt213486 (8)522848 (66)
Corporate securities5681,398 (22)8391,397 (108)
Residential mortgage-backed securities169282 (4)1,1641,012 (132)
Commercial mortgage-backed securities80308 (6)212479 (25)
Other asset-backed securities154657 (28)174275 (75)
Total fixed maturity securities1,207 $3,594 $(71)2,946 $4,208 $(423)
Schedule of Amortized Cost and Fair Value of Fixed Maturity Securities, By Contractual Maturity
The amortized cost and fair value of fixed maturity securities at June 30, 2026, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations.
Amortized
Cost		Estimated
Fair Value
Due in one year or less$277 $272 
Due after one year through five years3,590 3,581 
Due after five years through ten years9,209 9,273 
Due after ten years5,806 5,785 
Mortgage and other asset-backed securities8,343 8,067 
Total fixed maturity securities$27,225 $26,978 
Schedule of Marketable Equity Securities
A summary of current equity securities at June 30, 2026 and December 31, 2025 is as follows:
 June 30, 2026December 31, 2025
Equity securities:
Exchange traded funds$1,481 $650 
Common equity securities35 35 
Private equity securities47 55 
Total$1,563 $740 
Schedule of Investment Holdings, Other than Securities
A summary of other invested assets at June 30, 2026 and December 31, 2025 is as follows:
 June 30, 2026December 31, 2025
Other invested assets:
Company-owned life insurance$3,043 $2,927 
Equity method investments and joint ventures3,112 3,136 
Limited partnership investments3,217 3,033 
Other1,758 1,743 
Total$11,130 $10,839 
Schedule of Investment Gains (Losses)
Net investment gains (losses) for the three and six months ended June 30, 2026 and 2025 are as follows:
Three Months Ended 
 June 30,		Six Months Ended 
 June 30
2026202520262025
Net gains (losses):
Fixed maturity securities:
Gross realized gains from sales$30 $22 $63 $49 
Gross realized losses from sales(31)(62)(70)(144)
Impairment losses recognized in income— (9)(37)(10)
Net realized losses from sales of fixed maturity securities(1)(49)(44)(105)
Equity securities:
Unrealized gains recognized on equity securities still held at the end of the period— — (2)(6)
Net realized losses recognized on equity securities sold during the period— (1)(1)(2)
Net losses on equity securities— (1)(3)(8)
Other investments:
Gross gains26 8 34 13 
Gross losses(1)(6)(6)(99)
Other realized losses recognized in income(60)(83)(96)(394)
Net losses on other investments(35)(81)(68)(480)
Net losses on investments$(36)$(131)$(115)$(593)