v3.26.1
Market Risk Benefits - Schedule of Balances and Changes in Market Risk Benefit (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Indexed annuities    
Market Risk Benefit [Roll Forward]    
Balance beginning of period $ 812 $ 420
Balance, beginning of period, before effect of changes in the instrument-specific credit risk 684 322
Issuances and benefit payments 93 147
Attributed fees collected and interest accrual 94 156
Actual policyholder behavior different from expected 54 45
Changes in assumptions and other (9) 8
Effects of market related movements (6) 6
Balance, end of period, before effect of changes in the instrument-specific credit risk 910 684
Issuances and benefit payments 93 147
Attributed fees collected and interest accrual 94 156
Actual policyholder behavior different from expected 54 45
Changes in assumptions and other (9) 8
Effects of market related movements (6) 6
Effect of changes in the instrument-specific credit risk 115 128
Balance, end of period 1,025 812
Less: reinsured market risk benefits 288 195
Balance, end of period, net of reinsurance $ 737 $ 617
Weighted-average attained age of policyholders weighted by total AV (years) 67 years 9 months 18 days 67 years 10 months 2 days
Net amount at risk $ 2,243 $ 1,900
Fixed rate annuities    
Market Risk Benefit [Roll Forward]    
Balance beginning of period 1 1
Balance, beginning of period, before effect of changes in the instrument-specific credit risk 1 1
Issuances and benefit payments 0 0
Attributed fees collected and interest accrual 0 0
Actual policyholder behavior different from expected 0 0
Changes in assumptions and other 0 0
Effects of market related movements 0 0
Balance, end of period, before effect of changes in the instrument-specific credit risk 1 1
Issuances and benefit payments 0 0
Attributed fees collected and interest accrual 0 0
Actual policyholder behavior different from expected 0 0
Changes in assumptions and other 0 0
Effects of market related movements 0 0
Effect of changes in the instrument-specific credit risk 0 0
Balance, end of period 1 1
Less: reinsured market risk benefits 0 0
Balance, end of period, net of reinsurance $ 1 $ 1
Weighted-average attained age of policyholders weighted by total AV (years) 85 years 1 month 2 days 84 years 8 months 8 days
Net amount at risk $ 2 $ 2