Accumulated Other Comprehensive Income (Loss) ("AOCI") includes net unrealized appreciation/depreciation on securities and derivatives, change in discount rate and instrument-specific credit risk for certain long-duration insurance contractholder liabilities (see Note 7 to the Consolidated Financial Statements), foreign currency translation, and the net postretirement benefits liability adjustment. AOCI includes the Company's share from unconsolidated entities reported on the equity method. Generally, tax effects in AOCI are established at the currently enacted tax rate and reclassified to Shareholders' net income in the same period that the related pre-tax AOCI reclassifications are recognized.


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2026		2025		2026		2025
Securities and derivatives


Beginning balance	$	465	$	732	$	594	$	832
Unrealized appreciation on securities and derivatives, before reclassification, net of tax (expense) of $(76), $(93), $(32) and $(44), respectively	249		303		116		169
Amounts reclassified to Shareholders' net income, net of tax (benefit) of $—, $(4), $(1) and $(13), respectively	—		18		4		52
Other comprehensive income, net of tax	249		321		120		221
Ending balance	$	714	$	1,053	$	714	$	1,053
Net long-duration insurance and contractholder liabilities measurement adjustments


Beginning balance	$	(2,964)	$	(2,206)	$	(2,329)	$	(2,038)
Net current period change in discount rate for certain long-duration liabilities, before reclassification, net of tax benefit of $336, $205, $550 and $238, respectively	(1,007)		(615)		(1,643)		(723)
Amounts reclassified to Shareholders' net income, net of tax expense of $—, $—, $— and $16, respectively	—		—		—		(56)
Net current period change in discount rate for certain long-duration liabilities, net of tax benefit of $336, $205, $550 and $254, respectively	(1,007)		(615)		(1,643)		(779)
Net current period change in instrument-specific credit risk for market risk benefits, net of tax benefit (expense) of $2, $(2), $2 and $(1), respectively	(5)		6		(4)		2
Other comprehensive (loss), net of tax	(1,012)		(609)		(1,647)		(777)
Ending balance	$	(3,976)	$	(2,815)	$	(3,976)	$	(2,815)
Translation of foreign currencies


Beginning balance	$	(162)	$	(185)	$	(127)	$	(198)
Net translation of foreign currencies, before reclassification, net of tax (expense) benefit of $—, $(2), $2 and $(8), respectively	(13)		65		(48)		78


Ending balance	$	(175)	$	(120)	$	(175)	$	(120)
Postretirement benefits liability
Beginning balance	$	(937)	$	(931)	$	(944)	$	(937)
Amounts reclassified to Shareholders' net income, net of tax (benefit) of $(2), $(2), $(4) and $(4), respectively	6		6		13		12
Net change due to valuation update, before reclassification, net of tax (expense) benefit of $(3), $3, $(3) and $3, respectively	7		(9)		7		(9)
Other comprehensive income (loss), net of tax	13		(3)		20		3
Ending balance	$	(924)	$	(934)	$	(924)	$	(934)
Total Accumulated other comprehensive loss


Beginning balance	$	(3,598)	$	(2,590)	$	(2,806)	$	(2,341)
Shareholders' other comprehensive (loss), net of tax benefit of $257, $105, $514 and $187, respectively	(763)		(226)		(1,555)		(475)
Ending balance	$	(4,361)	$	(2,816)	$	(4,361)	$	(2,816)