v3.26.1
Closed Block (Closed Block Liabilities and Assets Designated to Closed Block; Maximum Future Earnings to be Recognized) (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Closed Block liabilities      
Future policy benefits $ 40,582 $ 41,484  
Policyholders’ dividends payable 677 669  
Policyholders’ dividend obligation 277 571  
Policyholders’ account balances 4,212 4,273 $ 4,293
Other Closed Block liabilities 2,923 3,030  
Total Closed Block liabilities 48,671 50,027  
Closed Block assets      
Fixed maturities, available-for-sale, at fair value 27,793 28,721  
Fixed maturities, trading, at fair value 550 581  
Equity securities, at fair value 1,630 1,593  
Commercial mortgage and other loans 7,475 7,464  
Policy loans 3,157 3,217  
Other invested assets 4,621 4,538  
Short-term investments 282 255  
Total investments 45,508 46,369  
Cash and cash equivalents 286 726  
Accrued investment income 386 388  
Other Closed Block assets 264 279  
Total Closed Block assets 46,444 47,762  
Excess of reported Closed Block liabilities over Closed Block assets 2,227 2,265  
Portion of above representing accumulated other comprehensive income (loss):      
Net unrealized investment gains (losses) (1,475) (1,230)  
Allocated to policyholder dividend obligation 1,308 1,064  
Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,060 $ 2,099