v3.26.1
INVESTMENTS - Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Appreciation/(Depreciation) and Fair Value of Fixed Maturity Securities (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Fixed maturity securities - available for sale            
Amortized Cost $ 34,912   $ 34,620      
Allowance for Credit Losses (64) $ (53) (68) $ (40) $ (37) $ (36)
Unrealized Appreciation 346   640      
Unrealized Depreciation (749)   (619)      
Fair Value 34,445   34,573      
Fixed maturity securities – held to maturity            
Amortized Cost 576   573      
Allowance for Credit Losses (8) (8) (6) (7) (8) (8)
Unrealized Appreciation 10   18      
Unrealized Depreciation (11)   (9)      
Fair Value 568   576      
U.S. Treasury securities and obligations of U.S. government agencies and corporations            
Fixed maturity securities - available for sale            
Amortized Cost 831   845      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 1   4      
Unrealized Depreciation (20)   (19)      
Fair Value 812   830      
Tax-exempt obligations of U.S. states and political subdivisions            
Fixed maturity securities - available for sale            
Amortized Cost 40   45      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (4)   (4)      
Fair Value 37   41      
Corporate securities            
Fixed maturity securities - available for sale            
Amortized Cost 9,839   9,913      
Allowance for Credit Losses (39) (39) (54) (39) (36) (35)
Unrealized Appreciation 100   206      
Unrealized Depreciation (211)   (183)      
Fair Value 9,689   9,882      
Fixed maturity securities – held to maturity            
Amortized Cost 180   166      
Allowance for Credit Losses (2) (2) (2) (2) (2) (2)
Unrealized Appreciation 1   7      
Unrealized Depreciation (3)   (1)      
Fair Value 176   169      
Asset-backed securities            
Fixed maturity securities - available for sale            
Amortized Cost 5,081   5,094      
Allowance for Credit Losses (25) (14) (14)      
Unrealized Appreciation 7   14      
Unrealized Depreciation (29)   (17)      
Fair Value 5,033   5,077      
Fixed maturity securities – held to maturity            
Amortized Cost 318   328      
Allowance for Credit Losses (5) (5) (3) (4) (4) (4)
Unrealized Appreciation 4   5      
Unrealized Depreciation (8)   (8)      
Fair Value 310   322      
Agency commercial            
Fixed maturity securities - available for sale            
Amortized Cost 403   404      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 5   9      
Unrealized Depreciation (3)   (2)      
Fair Value 405   412      
Non-agency commercial            
Fixed maturity securities - available for sale            
Amortized Cost 1,232   1,151      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 2   4      
Unrealized Depreciation (37)   (33)      
Fair Value 1,198   1,121      
Fixed maturity securities – held to maturity            
Amortized Cost 0          
Allowance for Credit Losses 0          
Unrealized Appreciation 0          
Unrealized Depreciation 0          
Fair Value 0          
Agency residential            
Fixed maturity securities - available for sale            
Amortized Cost 5,280   5,544      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 43   82      
Unrealized Depreciation (185)   (161)      
Fair Value 5,138   5,465      
Non-agency residential            
Fixed maturity securities - available for sale            
Amortized Cost 1,767   1,689      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 13   32      
Unrealized Depreciation (9)   (1)      
Fair Value 1,771   1,721      
Foreign government securities            
Fixed maturity securities - available for sale            
Amortized Cost 2,286   2,400      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 21   36      
Unrealized Depreciation (81)   (64)      
Fair Value 2,226   2,371      
Commercial            
Fixed maturity securities – held to maturity            
Amortized Cost     0      
Allowance for Credit Losses     0      
Unrealized Appreciation     0      
Unrealized Depreciation     0      
Fair Value     0      
Foreign corporate securities            
Fixed maturity securities - available for sale            
Amortized Cost 8,152   7,535      
Allowance for Credit Losses 0   0 0 0 0
Unrealized Appreciation 155   253      
Unrealized Depreciation (171)   (135)      
Fair Value 8,136   7,653      
Fixed maturity securities – held to maturity            
Amortized Cost 78   79      
Allowance for Credit Losses (1) $ (1) (1) $ (1) $ (1) $ (1)
Unrealized Appreciation 5   6      
Unrealized Depreciation 0   0      
Fair Value $ 82   $ 84