v3.26.1
VARIABLE INTEREST ENTITIES AND EQUITY METHOD INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Variable Interest Entities
The assets and liabilities relating to the consolidated VIEs from the Company’s investment activities included in the financial statements are as follows:
AS OF
US$ MILLIONS
June 30, 2026December 31, 2025
Available-for-sale fixed maturity securities$226 $74 
Equity securities5,338 5,728 
Mortgage loans on real estate, net of allowance467 248 
Private loans, net of allowance1,948 1,980 
Investment real estate2,875 2,660 
Real estate partnerships4,405 3,780 
Investment funds10,604 7,997 
Other invested assets400 326 
Cash and cash equivalents412 320 
Other assets183 462 
Total assets of consolidated VIEs$26,858 $23,575 
Notes payable206 205 
Other liabilities547 768 
Total liabilities of consolidated VIEs$753 $973 
The carrying amount and maximum exposure to loss relating to these unconsolidated VIEs are as follows:
AS OF
US$ MILLIONS
June 30, 2026December 31, 2025
Carrying AmountMaximum Exposure to LossCarrying AmountMaximum Exposure to Loss
Available-for-sale fixed maturity securities$2,554 $3,091 $1,296 $1,604 
Equity securities299 299 253 253 
Mortgage loans on real estate, net of allowance344 344 414 414 
Private loans, net of allowance447 474 368 368 
Real estate partnerships4,248 4,265 3,570 3,642 
Investment funds7,932 13,634 6,489 8,994 
Other invested assets787 934 316 316 
Total$16,611 $23,041 $12,706 $15,591