v3.26.1
Fair Value - Reconciliations of Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Corporate bonds and other        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period $ 1,514 $ 1,351 $ 1,483 $ 1,278
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income 1 (3) 1
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI 2 16 (22) 37
Purchases 101 44 164 99
Sales
Settlements (23) (24) (28) (42)
Transfers into Level 3 15
Transfers out of Level 3
Balance at ending of period 1,594 1,388 1,594 1,388
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at June 30
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at June 30 2 16 (22) 37
States, municipalities and political subdivisions        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 44 44 45 42
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI (1) 2
Purchases
Sales
Settlements
Transfers into Level 3
Transfers out of Level 3
Balance at ending of period 44 44 44 44
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at June 30
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at June 30 (1) 2
Asset-backed        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 955 889 998 876
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income 2 1 4 5
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI (5) (4) (21) (3)
Purchases 42 22 82 49
Sales
Settlements (26) (22) (46) (41)
Transfers into Level 3
Transfers out of Level 3 (25) (74)
Balance at ending of period 943 886 943 886
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at June 30
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at June 30 (5) (4) (21) (3)
Fixed maturities available-for-sale        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 2,513 2,284 2,526 2,196
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income 2 2 1 6
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI (3) 12 (44) 36
Purchases 143 66 246 148
Sales 0 0 0 0
Settlements (49) (46) (74) (83)
Transfers into Level 3 0 0 0 15
Transfers out of Level 3 (25) 0 (74) 0
Balance at ending of period 2,581 2,318 2,581 2,318
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at June 30 0 0 0 0
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at June 30 (3) 12 (44) 36
Equity securities        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 32 17 33 20
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income 3 2 1
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI
Purchases
Sales (5) (7) (5) (7)
Settlements (4)
Transfers into Level 3
Transfers out of Level 3
Balance at ending of period 30 10 30 10
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at June 30 (1) (1) (1)
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at June 30