v3.26.1
Fair Value Measurements - Level 3 Rollforwards (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Purchases, Sales, Issuances and Settlements $ 380 $ 109 $ 56 $ 115
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Purchases, Sales, Issuances and Settlements (31)   (106)  
Funds withheld payable under reinsurance treaties        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period (1,979) (1,560) (1,971) (1,353)
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) (199) (211) (175) (404)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 23 (13) (9) (27)
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period (2,155) (1,784) (2,155) (1,784)
Market risk benefit liabilities        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period (3,971) (4,125) (3,754) (3,774)
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 720 823 213 145
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) (63) (267) 270 60
Purchases, Sales, Issuances and Settlements (54) 0 (97) 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period (3,368) (3,569) (3,368) (3,569)
Debt Securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period       44
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss)       0
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss)       0
Purchases, Sales, Issuances and Settlements       (44)
Transfers in and/or (out of ) Level 3       0
Fair Value, end of period   0   0
Debt Securities | Corporate securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 145 300 346 274
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 1 10 3 10
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 (1) 2 3
Purchases, Sales, Issuances and Settlements 6 62 (184) 89
Transfers in and/or (out of ) Level 3 (18) 3 (33) (2)
Fair Value, end of period 134 374 134 374
Debt Securities | Other asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 278 791 426 661
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 0 (52) (17) (52)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) (2) 30 (7) 28
Purchases, Sales, Issuances and Settlements (6) 141 (54) 152
Transfers in and/or (out of ) Level 3 13 (58) (65) 63
Fair Value, end of period 283 852 283 852
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 9 7 7 7
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 2 0 4 0
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 0 0 0 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 11 7 11 7
Mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 196 451 324 449
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) (3) 3 (1) 7
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 402 (61) 272 (63)
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 595 393 595 393
Limited partnerships        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 276 203 250 195
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 16 2 20 9
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 2 0 15 1
Transfers in and/or (out of ) Level 3 20 0 29 0
Fair Value, end of period 314 205 314 205
Policy loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 3,556 3,492 3,537 3,489
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 85 81 73 71
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements (24) (33) 7 (20)
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 3,617 3,540 3,617 3,540
Reinsurance recoverable on market risk benefits        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 121 126 118 121
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) (12) (15) (9) (10)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 0 0 0 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 109 111 109 111
Market risk benefit assets        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 6,701 7,326 7,867 8,899
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 1,345 1,395 179 (178)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 0 0 0 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period $ 8,046 $ 8,721 $ 8,046 $ 8,721