v3.26.1
Liability for Future Policy Benefit (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Net liability for future policy benefits:          
Net life policy reserves $ 2,986   $ 2,986   $ 2,992
Life policy reserves:          
Net liability for future policy benefits:          
Net life policy reserves 1,643   1,643   1,629
Term Life Insurance | Life policy reserves:          
Present value of expected net premiums:          
Balance, beginning of period 1,688 $ 1,659 1,709 $ 1,638  
Beginning balance at original discount rate 1,749 1,719 1,743 1,719  
Effect of changes in cash flow assumptions 21 (4) 21 (4)  
Effect of actual variances from expected experience (4) 5 (10) (3)  
Adjusted beginning of period balance 1,766 1,720 1,754 1,712  
Issuances 40 41 79 76  
Interest accrual 20 19 39 38  
Net premiums collected (50) (49) (96) (95)  
Ending balance at original discount rate 1,776 1,731 1,776 1,731  
Effect of changes in discount rate assumptions (57) (53) (57) (53)  
Balance, end of period 1,719 1,678 1,719 1,678  
Present value of expected future policy benefits:          
Balance, beginning of period 2,760 2,703 2,794 2,668  
Beginning balance at original discount rate 2,877 2,812 2,863 2,812  
Effect of changes in cash flow assumptions 36 (12) 36 (12)  
Effect of actual variances from expected experience (9) 8 (16) (6)  
Adjusted beginning of period balance 2,904 2,808 2,883 2,794  
Issuances 39 40 78 76  
Interest accrual 34 32 66 64  
Benefits paid (46) (59) (96) (113)  
Ending balance at original discount rate 2,931 2,821 2,931 2,821  
Effect of changes in discount rate assumptions (108) (101) (108) (101)  
Balance, end of period 2,823 2,720 2,823 2,720  
Net liability for future policy benefits:          
Present value of expected future policy benefits less expected net premiums 1,104 1,042 1,104 1,042  
Impact of flooring at cohort level 12 19 12 19  
Net life policy reserves 1,116 1,061 1,116 1,061 1,103
Less reinsurance recoverable at original discount rate (70) (68) (70) (68)  
Less effect of discount rate assumption changes on reinsurance recoverable (4) (7) (4) (7)  
Net life policy reserves, after reinsurance recoverable $ 1,042 $ 986 $ 1,042 $ 986  
Weighted-average duration of the net life policy reserves in years 11 years 11 years 11 years 11 years  
Whole Life Insurance | Life policy reserves:          
Present value of expected net premiums:          
Balance, beginning of period $ 221 $ 220 $ 225 $ 218  
Beginning balance at original discount rate 227 227 228 228  
Effect of changes in cash flow assumptions (5) 0 (5) 0  
Effect of actual variances from expected experience 0 (1) 0 (1)  
Adjusted beginning of period balance 222 226 223 227  
Issuances 4 4 8 7  
Interest accrual 3 2 5 5  
Net premiums collected (7) (6) (14) (13)  
Ending balance at original discount rate 222 226 222 226  
Effect of changes in discount rate assumptions (6) (6) (6) (6)  
Balance, end of period 216 220 216 220  
Present value of expected future policy benefits:          
Balance, beginning of period 640 631 650 623  
Beginning balance at original discount rate 666 648 662 646  
Effect of changes in cash flow assumptions (8) 0 (8) 0  
Effect of actual variances from expected experience 0 (1) 0 (1)  
Adjusted beginning of period balance 658 647 654 645  
Issuances 4 4 8 7  
Interest accrual 9 8 17 17  
Benefits paid (9) (8) (17) (18)  
Ending balance at original discount rate 662 651 662 651  
Effect of changes in discount rate assumptions (21) (17) (21) (17)  
Balance, end of period 641 634 641 634  
Net liability for future policy benefits:          
Present value of expected future policy benefits less expected net premiums 425 414 425 414  
Impact of flooring at cohort level 0 0 0 0  
Net life policy reserves 425 414 425 414 $ 426
Less reinsurance recoverable at original discount rate (24) (25) (24) (25)  
Less effect of discount rate assumption changes on reinsurance recoverable (3) (3) (3) (3)  
Net life policy reserves, after reinsurance recoverable $ 398 $ 386 $ 398 $ 386  
Weighted-average duration of the net life policy reserves in years 14 years 15 years 14 years 15 years