v3.26.1
Fair Value of Financial Instruments - Schedule of Fair Value Assets Measured on Recurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Policyholders’ Account Balances – Embedded Derivative        
Liabilities        
Balance, beginning of period $ 6,060 $ 948 $ 6,414 $ 1,123
Fair value changes in net income 167 242 (144) (26)
Fair value changes in other comprehensive income 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements or maturities 0 0 0 0
Premiums less benefits 398 1 355 94
Transfers into Level 3 0 5,066 0 5,066
Transfers out of Level 3   0 0 0
Balance, end of period 6,625 6,257 6,625 6,257
Funds Withheld for Reinsurance Liabilities - Embedded Derivative        
Liabilities        
Balance, beginning of period 41 55 74 37
Fair value changes in net income (21) 8 (54) 26
Fair value changes in other comprehensive income 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements or maturities 0 0 0 0
Premiums less benefits 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3   0 0 0
Balance, end of period 20 63 20 63
Invested Assets        
Assets        
Balance, beginning of period 10,389 9,636 10,080 8,880
Fair value changes in net income $ 46 $ 49 $ 112 $ 103
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net income for period Net income for period Net income for period Net income for period
Fair value changes in other comprehensive income $ (110) $ (11) $ (139) $ 15
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Other comprehensive (loss) income Other comprehensive (loss) income Other comprehensive (loss) income Other comprehensive (loss) income
Purchases $ 2,010 $ 1,207 $ 2,445 $ 1,367
Sales (357) (1,508) (428) (1,553)
Settlements or maturities (55) (133) (382) (146)
Premiums less benefits 0 0 0 0
Transfers into Level 3 (1) 235 342 930
Transfers out of Level 3   (1,625) (108) (1,746)
Balance, end of period 11,922 7,850 11,922 7,850
Derivative Assets        
Assets        
Balance, beginning of period 145 149 203 223
Fair value changes in net income 71 66 36 28
Fair value changes in other comprehensive income 0 0 0 0
Purchases 43 34 80 67
Sales 0 0 0 0
Settlements or maturities (66) (61) (126) (130)
Premiums less benefits 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3   0 0 0
Balance, end of period $ 193 $ 188 $ 193 $ 188