v3.26.1
Equity Securities (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Net Gains on Equity Securities Recognized in Investment Related Gains (Losses)
The net gains on equity securities recognized in “Investment related gains (losses)” on the Condensed Consolidated Statements of Operations are shown below:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
(Dollars in millions)
Unrealized gains on equity securities$84 $29 $32 $33 
Net losses on equity securities sold— (2)— — 
Net gains on equity securities$84 $27 $32 $33 
Equity securities by market sector distribution are shown below, based on carrying value:
June 30, 2026December 31, 2025
Consumer goods%— %
Education45 %21 %
Energy and utilities10 %%
Finance10 %49 %
Healthcare%%
Industrials%%
Information technology14 %%
Other%%
Total100 %100 %