v3.26.1
Fair Value of Financial Instruments - Schedule of Carrying Amounts of Assets and Liabilities at Estimated Fair Value Measured on a Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Fixed maturity securities, at fair value under fair value option $ 54,273 $ 54,561
Fixed maturity securities, at fair value under fair value option 94 0
Derivative investments 1,315 1,156
Market risk benefits asset 364 285
Total financial assets at fair value 2,512 1,933
Derivatives:    
Market risk benefits liability 1,102 903
Level 1    
Assets    
Cash and cash equivalents 3,582 2,636
Fixed maturity securities, at fair value under fair value option 0  
Derivative investments 0 0
Investments in unconsolidated affiliates 0 0
Short term investments 873 1,764
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 0 0
Loan receivable, included in Prepaid expenses and other assets   0
Market risk benefits asset 0 0
Total financial assets at fair value 6,237 6,136
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 0 0
Market risk benefits liability 0 0
Total financial liabilities at fair value 0 1
Level 2    
Assets    
Cash and cash equivalents 0 0
Fixed maturity securities, at fair value under fair value option 94  
Derivative investments 1,307 1,156
Investments in unconsolidated affiliates 0 0
Short term investments 32 82
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 0 0
Loan receivable, included in Prepaid expenses and other assets   0
Market risk benefits asset 0 0
Total financial assets at fair value 40,980 41,896
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 0 0
Market risk benefits liability 0 0
Total financial liabilities at fair value   78
Total financial liabilities at fair value 11  
Level 3    
Assets    
Cash and cash equivalents 0 0
Fixed maturity securities, at fair value under fair value option 0  
Derivative investments 8 0
Investments in unconsolidated affiliates 267 270
Short term investments 76 74
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 831 399
Loan receivable, included in Prepaid expenses and other assets   24
Market risk benefits asset 364 285
Total financial assets at fair value 16,018 14,530
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 62 72
Market risk benefits liability 1,102 903
Total financial liabilities at fair value 8,248 7,526
NAV    
Assets    
Total financial assets at fair value 48 35
Fair Value    
Assets    
Cash and cash equivalents 3,582 2,636
Fixed maturity securities, at fair value under fair value option 94  
Derivative investments 1,315 1,156
Investments in unconsolidated affiliates 267 270
Short term investments 981 1,920
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 831 399
Loan receivable, included in Prepaid expenses and other assets   24
Market risk benefits asset 364 285
Total financial assets at fair value 63,283 62,597
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 62 72
Market risk benefits liability 1,102 903
Total financial liabilities at fair value 8,259 7,605
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Level 1    
Derivatives:    
Derivative liability 0 0
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Level 2    
Derivatives:    
Derivative liability 0 0
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Level 3    
Derivatives:    
Derivative liability 7,080 6,542
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Fair Value    
Derivatives:    
Derivative liability 7,080 6,542
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Level 1    
Derivatives:    
Derivative liability 0 0
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Level 2    
Derivatives:    
Derivative liability 37 3
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Level 3    
Derivatives:    
Derivative liability 4 9
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Fair Value    
Derivatives:    
Derivative liability 41 12
Equity options | Level 1    
Derivatives:    
Derivative liability   1
Equity options | Level 2    
Derivatives:    
Derivative liability   0
Equity options | Level 3    
Derivatives:    
Derivative liability   0
Equity options | Fair Value    
Derivatives:    
Derivative liability   1
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Level 1    
Derivatives:    
Derivative liability 0 0
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Level 2    
Derivatives:    
Derivative liability (26) 75
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Level 3    
Derivatives:    
Derivative liability 0 0
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Fair Value    
Derivatives:    
Derivative liability (26) 75
Asset-backed securities ("ABS")    
Assets    
Fixed maturity securities, at fair value under fair value option 17,876 18,738
Asset-backed securities ("ABS") | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 0 0
Asset-backed securities ("ABS") | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 7,381 8,644
Asset-backed securities ("ABS") | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 10,495 10,094
Asset-backed securities ("ABS") | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 17,876 18,738
Commercial mortgage-backed securities    
Assets    
Fixed maturity securities, at fair value under fair value option 4,665 5,199
Commercial mortgage-backed securities | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 0 0
Commercial mortgage-backed securities | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 4,665 5,200
Commercial mortgage-backed securities | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 0 0
Commercial mortgage-backed securities | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 4,665 5,200
Corporates    
Assets    
Fixed maturity securities, at fair value under fair value option 24,850 24,447
Corporates | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 39 40
Corporates | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 21,064 21,263
Corporates | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 3,747 3,145
Corporates | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 24,850 24,448
Hybrids    
Assets    
Fixed maturity securities, at fair value under fair value option 597 609
Hybrids | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 34 36
Hybrids | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 549 558
Hybrids | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 14 15
Hybrids | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 597 609
Municipals    
Assets    
Fixed maturity securities, at fair value under fair value option 1,363 1,393
Municipals | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 0 0
Municipals | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 1,360 1,390
Municipals | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 3 3
Municipals | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 1,363 1,393
Residential mortgage-backed securities    
Assets    
Fixed maturity securities, at fair value under fair value option 3,748 2,851
Residential mortgage-backed securities | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 0 0
Residential mortgage-backed securities | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 3,748 2,848
Residential mortgage-backed securities | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 0 3
Residential mortgage-backed securities | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 3,748 2,851
U.S. Government    
Assets    
Fixed maturity securities, at fair value under fair value option 766 956
U.S. Government | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 751 938
U.S. Government | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 15 15
U.S. Government | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 0 0
U.S. Government | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 766 953
Foreign Governments    
Assets    
Fixed maturity securities, at fair value under fair value option 408 368
Foreign Governments | Level 1    
Assets    
Fixed maturity securities, at fair value under fair value option 105 107
Foreign Governments | Level 2    
Assets    
Fixed maturity securities, at fair value under fair value option 280 238
Foreign Governments | Level 3    
Assets    
Fixed maturity securities, at fair value under fair value option 23 23
Foreign Governments | Fair Value    
Assets    
Fixed maturity securities, at fair value under fair value option 408 368
Preferred equity securities    
Assets    
Preferred and common equity securities 391 436
Preferred equity securities | Level 1    
Assets    
Preferred and common equity securities 169 174
Preferred equity securities | Level 2    
Assets    
Preferred and common equity securities 221 254
Preferred equity securities | Level 3    
Assets    
Preferred and common equity securities 1 8
Preferred equity securities | Fair Value    
Assets    
Preferred and common equity securities 391 436
Common equity securities | Level 1    
Assets    
Preferred and common equity securities 684 441
Common equity securities | Level 2    
Assets    
Preferred and common equity securities 0 0
Common equity securities | Level 3    
Assets    
Preferred and common equity securities 13 17
Common equity securities | NAV    
Assets    
Preferred and common equity securities 48 35
Common equity securities | Fair Value    
Assets    
Preferred and common equity securities 745 493
Other long-term investments | Level 1    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 0 0
Other long-term investments | Level 2    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 264 248
Other long-term investments | Level 3    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 0 41
Other long-term investments | Fair Value    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 264 289
Mortgage servicing rights ("MSRs") | Level 1    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 0 0
Mortgage servicing rights ("MSRs") | Level 2    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 0 0
Mortgage servicing rights ("MSRs") | Level 3    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 176 129
Mortgage servicing rights ("MSRs") | Fair Value    
Assets    
Other long-term investments/Mortgage servicing rights ("MSRs") 176 129
Equity securities    
Assets    
Preferred and common equity securities $ 745 $ 493