v3.26.1
Investments - Narrative (Details)
$ in Millions
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Feb. 28, 2026
USD ($)
Jun. 30, 2026
USD ($)
state
Jun. 30, 2025
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2026
USD ($)
state
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Percent of total debt securities carrying value              
Investment management arrangement, term 10 years            
Investment management arrangement, automatic renewal term 1 year            
Investment management arrangement, automatic renewal, permissible period 15 years            
Debt securities, rated by investment advisor   $ 893     $ 893   $ 606
Securities on deposit with regulatory authorities   56     56   57
Accrued interest written off   3 $ 1   2 $ 1  
Aggregate fair value of securities sold at a loss   $ 935 $ 589   $ 1,200 $ 1,300  
Aggregate fair value of securities sold at a loss, percentage of book value   94.00% 95.00%   94.00% 95.00%  
Proceeds from sales of available-for-sale debt securities   $ 1,200 $ 849   $ 1,800 $ 1,800  
Unconsolidated VIEs, exposure to loss   3,036     3,036   2,709
Equity securities   262     262   172
Stressed loans   19 32   19 32  
Policy loans, fair value under fair value option   3,617     3,617   3,537
Policy loans not held as collateral for reinsurance   900     900   900
Other invested assets   3,392     3,392   3,185
Securities loaned   $ 74     $ 74   34
Securities loaned, minimum percent of fair value required as collateral   102.00%     102.00%    
Securities loaned, cash collateral   $ 77     $ 77   35
Outstanding repurchase agreement balance   400     400   1,001
Gross interest income         400   1,000
Gross interest expense   27 25   52 50  
Collateral upgrade transactions   $ 1,483     $ 1,483   1,498
TPG, Inc.              
Percent of total debt securities carrying value              
Payments to acquire equity stake $ 500            
Sale of stock, consideration received $ 150            
Commercial mortgage loans              
Percent of total debt securities carrying value              
Financing receivables, collateralized by properties, number of states | state   36     36    
Residential mortgage loans              
Percent of total debt securities carrying value              
Financing receivables, collateralized by properties, number of states | state   48     48    
Unfunded Loan Commitment              
Percent of total debt securities carrying value              
Modified loans, unfunded commitment         $ 8    
Unconsolidated VIEs              
Percent of total debt securities carrying value              
Equity securities   $ 51     $ 51   $ 21
Corporate debt securities, healthcare              
Percent of total debt securities carrying value              
Unrealized losses   13.00%     13.00%    
Corporate securities, utilities              
Percent of total debt securities carrying value              
Unrealized losses   19.00%     19.00%   18.00%
Corporate debt securities, financial services              
Percent of total debt securities carrying value              
Unrealized losses             13.00%
Corporate securities | Single corporate obligor              
Percent of total debt securities carrying value              
Largest unrealized loss to a single corporate obligor   $ 56     $ 56   $ 55
Equity securities              
Percent of total debt securities carrying value              
Unrealized gain (losses) on investments   6 4   (58) 2  
Federal Home Loan Bank capital stock              
Percent of total debt securities carrying value              
Other invested assets   87     87   119
Real estate              
Percent of total debt securities carrying value              
Other invested assets   226     226   230
Real estate, foreclosed properties              
Percent of total debt securities carrying value              
Other invested assets   19     19   20
Limited partnerships              
Percent of total debt securities carrying value              
Other invested assets   3,100     3,100   2,800
Repurchase agreements              
Percent of total debt securities carrying value              
Gross interest expense   1 16   3 28  
Collateral upgrade transactions              
Percent of total debt securities carrying value              
Gross interest income   14 17   28 33  
Gross interest expense   $ 17 $ 19   33 $ 38  
Collateral upgrade transactions       $ 1,500      
Period of notice prior to termination       150 days      
Corporate securities, collateral upgrade         $ 1,600   $ 1,600
Below investment grade or not rated              
Percent of total debt securities carrying value              
Unrealized losses   18.00%     18.00%   19.00%