v3.26.1
Fair Value - Financial Instruments Not Carried at Fair Value (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Fair Value      
Assets      
Total assets measured at fair value $ 22,031 $ 24,767  
Liabilities      
Interest sensitive contract liabilities 276,856 254,089  
Debt 7,273 7,498  
Securities Sold under Agreements to Repurchase 3,244 6,043  
Funds withheld liability 6,814 5,946  
Total liabilities not carried at fair value 294,187 273,576  
Fair Value | Consolidated Entity, excluding Affiliated Entity      
Assets      
Investment funds 276 108  
Policy loans 293 301  
Funds withheld at interest 16,191 17,822  
Other investments 47 67  
Short-term investments 125 1,049  
Fair Value | Related Party      
Assets      
Investment funds 932 831  
Funds withheld at interest 4,149 4,571  
Short-term investments 18 18  
Carrying Value      
Assets      
Total assets measured at fair value 22,041 24,757  
Liabilities      
Interest sensitive contract liabilities 283,553 257,022  
Debt 7,832 7,848  
Securities Sold under Agreements to Repurchase 3,244 6,043  
Funds withheld liability 6,814 5,946  
Total liabilities not carried at fair value 301,443 276,859  
Carrying Value | Consolidated Entity, excluding Affiliated Entity      
Assets      
Investment funds 276 108  
Policy loans 293 301  
Funds withheld at interest 16,191 17,822  
Other investments 57 57  
Short-term investments 125 1,049  
Carrying Value | Related Party      
Assets      
Investment funds 932 831  
Funds withheld at interest 4,149 4,571  
Short-term investments 18 18  
Investment funds 30,317 26,327  
Liabilities      
Interest sensitive contract liabilities 344,593 315,889 $ 292,238
Debt 7,832 7,848  
Consolidated Entity, excluding Affiliated Entity      
Assets      
Investment funds 276 108  
Policy loans 293 301  
Funds withheld at interest 13,787 15,413  
Other investments 4,470 4,148  
Short-term investments 230 175  
Liabilities      
Mortgage loans, net of allowances 99,974 91,918  
Related Party      
Assets      
Investment funds 3,243 2,149  
Funds withheld at interest 3,802 4,215  
Other investments 333 344  
Short-term investments 18 18  
Liabilities      
Interest sensitive contract liabilities 4,854 5,381  
Mortgage loans, net of allowances 1,549 1,486  
Variable Interest Entities      
Assets      
Investment funds 26,798 24,070  
Other investments 925 844  
Liabilities      
Mortgage loans, net of allowances 2,058 2,140  
Level 1 | Fair Value      
Assets      
Total assets measured at fair value 0 0  
Liabilities      
Interest sensitive contract liabilities 0 0  
Debt 564 576  
Securities Sold under Agreements to Repurchase 0 0  
Funds withheld liability 0 0  
Total liabilities not carried at fair value 564 576  
Level 1 | Fair Value | Consolidated Entity, excluding Affiliated Entity      
Assets      
Investment funds 0 0  
Policy loans 0 0  
Funds withheld at interest 0 0  
Other investments 0 0  
Short-term investments 0 0  
Level 1 | Fair Value | Related Party      
Assets      
Investment funds 0 0  
Funds withheld at interest 0 0  
Short-term investments 0 0  
Level 3 | Fair Value      
Assets      
Total assets measured at fair value 20,512 22,602  
Liabilities      
Interest sensitive contract liabilities 276,856 254,089  
Debt 0 0  
Securities Sold under Agreements to Repurchase 0 0  
Funds withheld liability 6,814 5,946  
Total liabilities not carried at fair value 283,670 260,035  
Level 3 | Fair Value | Consolidated Entity, excluding Affiliated Entity      
Assets      
Investment funds 0 0  
Policy loans 0 0  
Funds withheld at interest 16,191 17,822  
Other investments 47 67  
Short-term investments 125 142  
Level 3 | Fair Value | Related Party      
Assets      
Investment funds 0 0  
Funds withheld at interest 4,149 4,571  
Short-term investments 0 0  
NAV | Fair Value      
Assets      
Total assets measured at fair value 1,208 939  
Liabilities      
Interest sensitive contract liabilities 0 0  
Debt 0 0  
Securities Sold under Agreements to Repurchase 0 0  
Funds withheld liability 0 0  
Total liabilities not carried at fair value 0 0  
NAV | Fair Value | Consolidated Entity, excluding Affiliated Entity      
Assets      
Investment funds 276 108  
Policy loans 0 0  
Funds withheld at interest 0 0  
Other investments 0 0  
Short-term investments 0 0  
NAV | Fair Value | Related Party      
Assets      
Investment funds 932 831  
Funds withheld at interest 0 0  
Short-term investments 0 0  
Level 2 | Fair Value      
Assets      
Total assets measured at fair value 311 1,226  
Liabilities      
Interest sensitive contract liabilities 0 0  
Debt 6,709 6,922  
Securities Sold under Agreements to Repurchase 3,244 6,043  
Funds withheld liability 0 0  
Total liabilities not carried at fair value 9,953 12,965  
Level 2 | Fair Value | Consolidated Entity, excluding Affiliated Entity      
Assets      
Investment funds 0 0  
Policy loans 293 301  
Funds withheld at interest 0 0  
Other investments 0 0  
Short-term investments 0 907  
Level 2 | Fair Value | Related Party      
Assets      
Investment funds 0 0  
Funds withheld at interest 0 0  
Short-term investments $ 18 $ 18