v3.26.1
INVESTMENTS - Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Appreciation/(Depreciation) and Fair Value of Fixed Maturity Securities (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Fixed maturity securities - available for sale            
Amortized Cost $ 21,451   $ 21,032      
Allowance for Credit Losses (64) $ (53) (68) $ (40) $ (37) $ (36)
Unrealized Appreciation 164   337      
Unrealized Depreciation (399)   (322)      
Fair Value 21,152   20,978      
Fixed maturity securities – held to maturity            
Amortized Cost 576   573      
Allowance for Credit Losses (8) (8) (6) (7) (8) (8)
Unrealized Appreciation 10   18      
Unrealized Depreciation (11)   (9)      
Fair Value 568   576      
U.S. Treasury securities and obligations of U.S. government agencies and corporations            
Fixed maturity securities - available for sale            
Amortized Cost 294   292      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (6)   (5)      
Fair Value 288   287      
Tax-exempt obligations of U.S. states and political subdivisions            
Fixed maturity securities - available for sale            
Amortized Cost 40   45      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (4)   (4)      
Fair Value 37   41      
Corporate securities            
Fixed maturity securities - available for sale            
Amortized Cost 6,367   6,315      
Allowance for Credit Losses (39) (39) (54) (39) (36) (35)
Unrealized Appreciation 61   138      
Unrealized Depreciation (119)   (98)      
Fair Value 6,270   6,301      
Fixed maturity securities – held to maturity            
Amortized Cost 180   166      
Allowance for Credit Losses (2) (2) (2) (2) (2) (2)
Unrealized Appreciation 1   7      
Unrealized Depreciation (3)   (1)      
Fair Value 176   169      
Asset-backed securities            
Fixed maturity securities - available for sale            
Amortized Cost 4,604   4,571      
Allowance for Credit Losses (25) (14) (14) 0 0 0
Unrealized Appreciation 6   12      
Unrealized Depreciation (27)   (15)      
Fair Value 4,558   4,554      
Fixed maturity securities – held to maturity            
Amortized Cost 318   328      
Allowance for Credit Losses (5) (5) (3) (4) (4) (4)
Unrealized Appreciation 4   5      
Unrealized Depreciation (8)   (8)      
Fair Value 310   322      
Agency commercial            
Fixed maturity securities - available for sale            
Amortized Cost 403   404      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 5   9      
Unrealized Depreciation (3)   (2)      
Fair Value 405   412      
Non-agency commercial            
Fixed maturity securities - available for sale            
Amortized Cost 841   739      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 1   1      
Unrealized Depreciation (24)   (22)      
Fair Value 818   718      
Agency residential            
Fixed maturity securities - available for sale            
Amortized Cost 3,655   3,794      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 34   67      
Unrealized Depreciation (108)   (95)      
Fair Value 3,581   3,766      
Non-agency residential            
Fixed maturity securities - available for sale            
Amortized Cost 1,658   1,557      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 12   31      
Unrealized Depreciation (9)   (1)      
Fair Value 1,661   1,587      
Commercial            
Fixed maturity securities – held to maturity            
Amortized Cost 0   0      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation 0   0      
Fair Value 0   0      
Foreign government securities            
Fixed maturity securities - available for sale            
Amortized Cost 1,068   1,041      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 11   18      
Unrealized Depreciation (38)   (29)      
Fair Value 1,041   1,030      
Foreign corporate securities            
Fixed maturity securities - available for sale            
Amortized Cost 2,521   2,274      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 35   60      
Unrealized Depreciation (61)   (50)      
Fair Value 2,494   2,284      
Fixed maturity securities – held to maturity            
Amortized Cost 78   79      
Allowance for Credit Losses (1) $ (1) (1) $ (1) $ (1) $ (1)
Unrealized Appreciation 5   6      
Unrealized Depreciation 0   0      
Fair Value $ 82   $ 84