v3.26.1
EQUITY - Components of OCI, Net of Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Change in net unrealized gains (losses) on investments:        
Net unrealized gains (losses) arising during the period $ (9) $ 335 $ (722) $ 993
(Gains) losses reclassified into net income (loss) during the period 18 28 34 34
Net unrealized gains (losses) on investments 9 363 (688) 1,027
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other (15) (54) 47 (109)
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $4, $124, $(160) and $297) (6) 309 (641) 918
Change in LFPB discount rate and MRB credit risk, net of tax        
Market risk benefits - changes in instrument-specific credit risk (net of deferred income tax expense (benefit) of $(45), $(45), $93 and $110) (170) (170) 351 414
Liability for future policy benefits - changes in current discount rate (net of deferred income tax expense (benefit) of $0, $(8) $16 and $(25)) (1) (29) 59 (92)
Change in defined benefit plans:        
Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost 11 9 49 26
Change in defined benefit plans (net of deferred income tax expense (benefit) of $(3), $(3), $(13) and $(1)) 11 9 49 26
Foreign currency translation adjustments:        
Foreign currency translation gains (losses) arising during the period 1 26 (5) 37
Foreign currency translation adjustment 1 26 (5) 37
Other comprehensive income (loss) (165) 145 (187) 1,303
Less: Other comprehensive income (loss) attributable to noncontrolling interest 0 10 (2) 23
Other comprehensive income (loss) attributable to Holdings (165) 135 (185) 1,280
Deferred income tax expense (benefit) for change in unrealized gains (losses) 4 124 (160) 297
Deferred income tax expense (benefit) for market risk benefits - change in instrument-specific credit risk (45) (45) 93 110
Deferred income tax expense (benefit) for liability for future policy benefits - change in current discount rate 0 (8) 16 (25)
Deferred income tax expense (benefit) for change in defined benefit plans (3) (3) (13) (1)
Reclassification adjustment $ (5) $ (7) $ (9) $ (9)