v3.26.1
Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (AOCI) includes changes in unrealized gains and losses on investments, changes in pension obligations and changes in life policy reserves, reinsurance recoverable and other as follows:
(Dollars in millions)Three months ended June 30,
20262025
Before taxIncome taxNetBefore taxIncome taxNet
Investments:
AOCI, beginning of period$(401)$(86)$(315)$(486)$(105)$(381)
OCI before investment gains and losses, net, recognized in net income79 17 62 16 3 13 
Investment gains and losses, net, recognized in net income(5)(1)(4)12 3 9 
OCI74 16 58 28 6 22 
AOCI, end of period$(327)$(70)$(257)$(458)$(99)$(359)
Pension obligations:
AOCI, beginning of period$84 $19 $65 $74 $17 $57 
OCI excluding amortization recognized in net income— — — — — — 
Amortization recognized in net income(1)— (1)(1)— (1)
OCI(1)— (1)(1)— (1)
AOCI, end of period$83 $19 $64 $73 $17 $56 
Life policy reserves, reinsurance recoverable and other:
AOCI, beginning of period$82 $17 $65 $68 $15 $53 
OCI before investment gains and losses, net, recognized in net income(10)(3)(7)1 — 1 
Investment gains and losses, net, recognized in net income— — — — — — 
OCI(10)(3)(7)1 — 1 
AOCI, end of period$72 $14 $58 $69 $15 $54 
​
Summary of AOCI:
AOCI, beginning of period$(235)$(50)$(185)$(344)$(73)$(271)
Investments OCI74 16 58 28 6 22 
Pension obligations OCI(1)— (1)(1)— (1)
Life policy reserves, reinsurance recoverable and other OCI(10)(3)(7)1 — 1 
Total OCI63 13 50 28 6 22 
AOCI, end of period$(172)$(37)$(135)$(316)$(67)$(249)
(Dollars in millions)Six months ended June 30,
20262025
Before taxIncome taxNetBefore taxIncome taxNet
Investments:
AOCI, beginning of period$(181)$(40)$(141)$(553)$(119)$(434)
OCI before investment gains and losses, net, recognized in net income(141)(29)(112)81 17 64 
Investment gains and losses, net, recognized in net income(5)(1)(4)14 3 11 
OCI(146)(30)(116)95 20 75 
AOCI, end of period$(327)$(70)$(257)$(458)$(99)$(359)
Pension obligations:
AOCI, beginning of period$85 $19 $66 $75 $17 $58 
OCI excluding amortization recognized in net income— — — — — — 
Amortization recognized in net income(2)— (2)(2)— (2)
OCI(2)— (2)(2)— (2)
AOCI, end of period$83 $19 $64 $73 $17 $56 
Life policy reserves, reinsurance recoverable and other:
AOCI, beginning of period$52 $11 $41 $85 $18 $67 
OCI before investment gains and losses, net, recognized in net income20 3 17 (16)(3)(13)
Investment gains and losses, net, recognized in net income— — — — — — 
OCI20 3 17 (16)(3)(13)
AOCI, end of period$72 $14 $58 $69 $15 $54 
Summary of AOCI:
AOCI, beginning of period$(44)$(10)$(34)$(393)$(84)$(309)
Investments OCI(146)(30)(116)95 20 75 
Pension obligations OCI(2)— (2)(2)— (2)
Life policy reserves, reinsurance recoverable and other OCI20 3 17 (16)(3)(13)
Total OCI(128)(27)(101)77 17 60 
AOCI, end of period$(172)$(37)$(135)$(316)$(67)$(249)