v3.26.1
Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in the Components of AOCI
Changes in the components of AOCI were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2026202520262025
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 $(1), respectively
(5)(4)
Other comprehensive (loss), net of tax
(1,012)(609)(1,647)(777)
Ending balance$(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 13 12 
Net change due to valuation update, before reclassification, net of tax (expense) benefit of $(3), $3, $(3) and $3, respectively
7 (9)7 (9)
Other comprehensive income (loss), net of tax
13 (3)20 
Ending balance$(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)