Other Income and Expenses (Tables)

6 Months Ended

Jun. 30, 2026

Other Income and Expenses [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Shareholder's equity included the following components of Accumulated other comprehensive income (loss) ("AOCI") as of the dates indicated:


	June 30, 2026		June 30, 2025
Fixed maturities, net of impairment	$	(1,500)	$	(1,584)

Derivatives(1)	4		3



Change in current discount rate	(269)		(292)
Deferred income tax asset(2)	499		522
Total	(1,266)		(1,351)
Pension and other postretirement benefits liability, net of tax	1		1
AOCI	$	(1,265)	$	(1,350)

(1) Gains and losses reported in AOCI from hedge transactions that resulted in the acquisition of an identified asset are reclassified into earnings in the same period or periods during which the asset acquired affects earnings. As of June 30, 2026, the portion of the AOCI that is expected to be reclassified into earnings within the next twelve months is $0.

(2) The Company uses the portfolio method to determine when stranded tax benefits (or detriments) are released from AOCI.

Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of

Operations, were as follows for the periods indicated:

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)


	Six Months Ended June 30, 2026
	Before-Tax Amount		Income Tax		After-Tax Amount
Available-for-sale securities:
Fixed maturities	$	(205)	$	44	$	(161)



Adjustments for amounts recognized in Net gains (losses) in the Condensed Consolidated Statements of Operations	24		(5)		19


Change in unrealized gains (losses) on available-for-sale securities	(181)		39		(142)

Derivatives:
Derivatives	4		(1)		3
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	(2)		—		(2)
Change in unrealized gains (losses) on derivatives	2		(1)		1

Change in current discount rate	13		(3)		10



Change in AOCI	$	(166)	$	35	$	(131)


	Three Months Ended June 30, 2025
	Before-Tax Amount		Income Tax		After-Tax Amount
Available-for-sale securities:
Fixed maturities	$	143	$	(30)	$	113



Adjustments for amounts recognized in Net gains (losses) in the Condensed Consolidated Statements of Operations	(1)		1		—


Change in unrealized gains (losses) on available-for-sale securities	142		(29)		113

Derivatives:
Derivatives	(34)		7		(27)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	(2)		—		(2)
Change in unrealized gains (losses) on derivatives	(36)		7		(29)

Change in current discount rate	9		(2)		7



Change in AOCI	$	115	$	(24)	$	91



	Six Months Ended June 30, 2025
	Before-Tax Amount		Income Tax		After-Tax Amount
Available-for-sale securities:
Fixed maturities	$	386	$	(81)	$	305



Adjustments for amounts recognized in Net gains (losses) in the Condensed Consolidated Statements of Operations	26		(5)		21


Change in unrealized gains (losses) on available-for-sale securities	412		(86)		326

Derivatives:
Derivatives	(47)		10		(37)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	(6)		1		(5)
Change in unrealized gains (losses) on derivatives	(53)		11		(42)

Change in current discount rate	13		(3)		10



Change in AOCI	$	372	$	(78)	$	294