v3.26.1
INVESTMENTS - Schedule of Aggregate Fair Value and Gross Unrealized Depreciation of Fixed Maturity Securities - Available for Sale, by Security Type (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Fair Value    
Less than 12 months $ 5,472 $ 2,521
Greater than 12 months 3,975 3,964
Total 9,447 6,484
Gross Unrealized Depreciation    
Less than 12 months (86) (32)
Greater than 12 months (313) (290)
Total (399) (322)
No Recorded Allowance for Credit Losses    
Fair Value    
Less than 12 months 5,414 2,497
Greater than 12 months 3,975 3,950
Total 9,389 6,447
Gross Unrealized Depreciation    
Less than 12 months (85) (30)
Greater than 12 months (313) (288)
Total (398) (318)
U.S. government agencies and corporations    
Fair Value    
Less than 12 months 134 90
Greater than 12 months 150 184
Total 283 274
Gross Unrealized Depreciation    
Less than 12 months (2) (1)
Greater than 12 months (4) (4)
Total (6) (5)
Tax-exempt obligations of U.S. states and political subdivisions    
Fair Value    
Less than 12 months 0 2
Greater than 12 months 33 33
Total 33 35
Gross Unrealized Depreciation    
Less than 12 months 0 0
Greater than 12 months (4) (4)
Total (4) (4)
Corporate securities    
Fair Value    
Less than 12 months 1,636 625
Greater than 12 months 1,087 1,096
Total 2,722 1,721
Gross Unrealized Depreciation    
Less than 12 months (30) (12)
Greater than 12 months (88) (82)
Total (118) (94)
Asset-backed securities    
Fair Value    
Less than 12 months 1,153 764
Greater than 12 months 348 366
Total 1,501 1,130
Gross Unrealized Depreciation    
Less than 12 months (15) (5)
Greater than 12 months (12) (10)
Total (27) (15)
Agency commercial    
Fair Value    
Less than 12 months 137 43
Greater than 12 months 18 17
Total 155 60
Gross Unrealized Depreciation    
Less than 12 months (2) (1)
Greater than 12 months (1) (1)
Total (3) (2)
Non-agency commercial    
Fair Value    
Less than 12 months 213 256
Greater than 12 months 355 338
Total 569 594
Gross Unrealized Depreciation    
Less than 12 months (1) (3)
Greater than 12 months (23) (19)
Total (24) (22)
Agency residential    
Fair Value    
Less than 12 months 507 194
Greater than 12 months 910 913
Total 1,418 1,107
Gross Unrealized Depreciation    
Less than 12 months (6) (1)
Greater than 12 months (102) (94)
Total (108) (95)
Non-agency residential    
Fair Value    
Less than 12 months 648 74
Greater than 12 months 64 86
Total 712 160
Gross Unrealized Depreciation    
Less than 12 months (8) 0
Greater than 12 months (1) 0
Total (9) (1)
Foreign government securities    
Fair Value    
Less than 12 months 385 124
Greater than 12 months 329 338
Total 714 462
Gross Unrealized Depreciation    
Less than 12 months (9) (1)
Greater than 12 months (29) (28)
Total (38) (29)
Foreign corporate securities    
Fair Value    
Less than 12 months 601 325
Greater than 12 months 682 580
Total 1,283 905
Gross Unrealized Depreciation    
Less than 12 months (12) (5)
Greater than 12 months (50) (46)
Total (61) (50)
Securities where an allowance for credit loss was recorded    
Fair Value    
Less than 12 months 58 24
Greater than 12 months 0 14
Total 58 37
Gross Unrealized Depreciation    
Less than 12 months (1) (2)
Greater than 12 months 0 (2)
Total $ (1) $ (4)