v3.26.1
INVESTMENTS - Schedule of Aggregate Fair Value and Gross Unrealized Depreciation of Fixed Maturity Securities by Security Type (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Fair Value    
Less than 12 months $ 8,997 $ 4,194
Greater than 12 months 7,876 7,759
Total 16,873 11,953
Gross Unrealized Depreciation    
Less than 12 months (148) (70)
Greater than 12 months (601) (549)
Total (749) (619)
No Recorded Allowance for Credit Losses    
Fair Value    
Less than 12 months 8,939 4,171
Greater than 12 months 7,876 7,745
Total 16,815 11,916
Gross Unrealized Depreciation    
Less than 12 months (147) (68)
Greater than 12 months (601) (547)
Total (748) (615)
U.S. Treasury securities and obligations of U.S. government agencies and corporations    
Fair Value    
Less than 12 months 373 244
Greater than 12 months 312 333
Total 684 577
Gross Unrealized Depreciation    
Less than 12 months (6) (5)
Greater than 12 months (14) (14)
Total (20) (19)
Tax-exempt obligations of U.S. states and political subdivisions    
Fair Value    
Less than 12 months 0 2
Greater than 12 months 33 33
Total 33 35
Gross Unrealized Depreciation    
Less than 12 months 0 0
Greater than 12 months (4) (4)
Total (4) (4)
Corporate securities    
Fair Value    
Less than 12 months 2,689 1,370
Greater than 12 months 2,183 1,990
Total 4,871 3,360
Gross Unrealized Depreciation    
Less than 12 months (47) (31)
Greater than 12 months (163) (147)
Total (210) (179)
Asset-backed securities    
Fair Value    
Less than 12 months 1,197 802
Greater than 12 months 409 429
Total 1,606 1,231
Gross Unrealized Depreciation    
Less than 12 months (16) (5)
Greater than 12 months (13) (12)
Total (29) (17)
Agency commercial    
Fair Value    
Less than 12 months 137 43
Greater than 12 months 18 17
Total 155 60
Gross Unrealized Depreciation    
Less than 12 months (2) (1)
Greater than 12 months (1) (1)
Total (3) (2)
Non-agency commercial    
Fair Value    
Less than 12 months 215 288
Greater than 12 months 646 631
Total 861 919
Gross Unrealized Depreciation    
Less than 12 months (1) (5)
Greater than 12 months (35) (29)
Total (37) (33)
Agency residential    
Fair Value    
Less than 12 months 812 234
Greater than 12 months 1,707 1,755
Total 2,518 1,990
Gross Unrealized Depreciation    
Less than 12 months (9) (3)
Greater than 12 months (176) (158)
Total (185) (161)
Non-agency residential    
Fair Value    
Less than 12 months 717 81
Greater than 12 months 65 87
Total 782 168
Gross Unrealized Depreciation    
Less than 12 months (8) 0
Greater than 12 months (1) 0
Total (9) (1)
Foreign government securities    
Fair Value    
Less than 12 months 796 260
Greater than 12 months 756 854
Total 1,552 1,114
Gross Unrealized Depreciation    
Less than 12 months (18) (4)
Greater than 12 months (63) (61)
Total (81) (64)
Foreign corporate securities    
Fair Value    
Less than 12 months 2,004 847
Greater than 12 months 1,748 1,615
Total 3,752 2,463
Gross Unrealized Depreciation    
Less than 12 months (40) (15)
Greater than 12 months (131) (120)
Total (171) (135)
Securities where an allowance for credit loss was recorded    
Fair Value    
Less than 12 months 58 24
Greater than 12 months 0 14
Total 58 37
Gross Unrealized Depreciation    
Less than 12 months (1) (2)
Greater than 12 months 0 (2)
Total $ (1) $ (4)