v3.26.1
MARKET RISK BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Schedule of Market Risk Benefits
The net balance of market risk benefit assets and liabilities of, and changes in guaranteed minimum withdrawal benefits associated with, annuity contracts follow.
AS OF AND FOR THE SIX MONTHS ENDED JUN. 30
US$ MILLIONS		20262025
Balance, beginning of period$3,362 $2,799 
Balance, beginning of period, before effect of changes in the instrument-specific credit risk3,349 2,549 
Issuances(5)(6)
Interest accrual79 70 
Attributed fees collected153 121 
Effect of changes in interest rates(111)51 
Effect of changes in equity markets120 98 
Effect of changes in equity index volatility2 (43)
Effect of changes in future expected policyholder behavior7 68 
Effect of changes in other future expected assumptions2 7 
Balance, end of period, before effect of changes in the instrument-specific credit risk3,596 2,915 
Effect of changes in the ending instrument-specific credit risk(12)278 
Balance, end of period3,584 3,193 
Less: Reinsured MRB, end of period(598)(576)
Balance, end of period, net of reinsurance$2,986 $2,617 
Net amount at risk(1)
$13,341 $12,460 
Weighted-average attained age of contract holders (years)7171
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(1)Net amount at risk is defined as the current guarantee amount in excess of the current account balance.
The reconciliation of market risk benefits by amounts in an asset position and in a liability position to the “Market risk benefits” amount in the statements of financial position follows.
AS OF
US$ MILLIONS		June 30, 2026December 31, 2025
AssetLiabilityNetAssetLiabilityNet
Market risk benefits$1,167 $(4,751)$(3,584)$1,174 $(4,536)$(3,362)