v3.26.1
Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Non-cumulative preferred shares
Common shares
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss), net of deferred income tax
Unrealized appreciation (decline) in value of available-for-sale securities, net of deferred income tax
Foreign currency translation adjustments, net of deferred income tax
Common shares held in treasury, at cost
Balance at beginning of period at Dec. 31, 2024   $ 830 $ 1 $ 2,510 $ 22,686 $ (720) $ (507) $ (213) $ (4,487)
Amortization of share-based compensation       99          
Other changes       51          
Net income (loss) $ 1,811       1,811        
Preferred share dividends         (20)        
Other comprehensive income (loss), net of tax 672           582 90  
Shares repurchased for treasury                 (392)
Balance at end of period at Jun. 30, 2025 23,041 830 1 2,660 24,477 (48) 75 (123) (4,879)
Balance at beginning of period at Mar. 31, 2025   830 1 2,588 23,250 (408) (221) (187) (4,716)
Amortization of share-based compensation       25          
Other changes       47          
Net income (loss) 1,237       1,237        
Preferred share dividends         (10)        
Other comprehensive income (loss), net of tax 360           296 64  
Shares repurchased for treasury                 (163)
Balance at end of period at Jun. 30, 2025 23,041 830 1 2,660 24,477 (48) 75 (123) (4,879)
Balance at beginning of period at Dec. 31, 2025 24,206 830 1 2,735 27,045 5 134 (129) (6,410)
Amortization of share-based compensation       97          
Other changes       41          
Net income (loss) 2,104       2,104        
Preferred share dividends         (20)        
Other comprehensive income (loss), net of tax (418)           (409) (9)  
Shares repurchased for treasury                 (1,980)
Balance at end of period at Jun. 30, 2026 24,030 830 1 2,873 29,129 (413) (275) (138) (8,390)
Balance at beginning of period at Mar. 31, 2026   830 1 2,831 28,082 (333) (204) (129) (7,223)
Amortization of share-based compensation       15          
Other changes       27          
Net income (loss) 1,057       1,057        
Preferred share dividends         (10)        
Other comprehensive income (loss), net of tax (80)           (71) (9)  
Shares repurchased for treasury                 (1,167)
Balance at end of period at Jun. 30, 2026 $ 24,030 $ 830 $ 1 $ 2,873 $ 29,129 $ (413) $ (275) $ (138) $ (8,390)