v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value and notional amount of derivatives
The following table summarizes information on the fair values and notional values of the Company’s derivative instruments:
Estimated Fair Value
Asset Derivatives (1)Liability Derivatives (1)Notional
Value (2)
June 30, 2026
Futures contracts$100 $(31)$10,699 
Foreign currency forward contracts63 (36)2,273 
Other (3)64 (41)375 
Total$227 $(108)
December 31, 2025
Futures contracts$81 $(19)$8,022 
Foreign currency forward contracts75 (38)2,458 
Other (3)24 (15)161 
Total$180 $(72)
(1)    The fair value of asset derivatives are included in ‘other assets’ and the fair value of liability derivatives are included in ‘other liabilities.’
(2)    Represents the absolute notional value of all outstanding contracts, consisting of long and short positions.
(3)    Includes swaps, options and other derivatives contracts.
Summary of net realized gains (losses) recorded in the consolidated statements of income
Realized and unrealized contract gains or losses on the Company’s derivative instruments are reflected in ‘net realized gains (losses)’ in the consolidated statements of income, as summarized in the following table:
Derivatives not designated asJune 30,
hedging instruments:20262025
Three Months Ended
Net realized gains (losses):
Futures contracts$(27)$93 
Foreign currency forward contracts(5)53 
Other (1)(44)17 
Total$(76)$163 
Six Months Ended
Net realized gains (losses):
Futures contracts$(90)$139 
Foreign currency forward contracts(11)83 
Other (1)7 40 
Total$(94)$262 
(1)    Includes realized gains or losses on swaps, options and other derivatives contracts.