The components of and changes in the accumulated other comprehensive income (“AOCI”), and the related tax effects, are shown below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AS OF AND FOR THE PERIODS ENDED JUN. 30, 2026
US$ MILLIONS | | Change in Net Unrealized Investment Gains (Losses) | | Foreign Currency Translation | | Change in Discount Rate for Future Policy Benefits | | Change in Instrument-Specific Credit Risk for Market Risk Benefits | | Defined Benefit Pension Plan Adjustment | | Total | | Balance as of January 1, 2026 | | $ | 754 | | | $ | 16 | | | $ | 280 | | | $ | (3) | | | $ | 74 | | | $ | 1,121 | | | Other comprehensive income (loss) before reclassifications | | (947) | | | (1) | | | 233 | | | 182 | | | (2) | | | (535) | | | Amounts reclassified to net income | | 9 | | | — | | | — | | | — | | | — | | | 9 | | | Deferred income tax benefit (expense) | | 202 | | | — | | | (52) | | | (39) | | | 1 | | | 112 | | | Balance as of March 31, 2026 | | $ | 18 | | | $ | 15 | | | $ | 461 | | | $ | 140 | | | $ | 73 | | | $ | 707 | | | Other comprehensive income (loss) before reclassifications | | 208 | | | (2) | | | (720) | | | (156) | | | (4) | | | (674) | | | Amounts reclassified to net income | | 6 | | | — | | | (97) | | | — | | | — | | | (91) | | | Deferred income tax recovery (expense) | | (58) | | | (3) | | | 187 | | | 33 | | | 1 | | | 160 | | | Balance as of June 30, 2026 | | $ | 174 | | | $ | 10 | | | $ | (169) | | | $ | 17 | | | $ | 70 | | | $ | 102 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AS OF AND FOR THE PERIODS ENDED JUN. 30, 2025
US$ MILLIONS | | Change in Net Unrealized Investment Gains (Losses) | | Foreign Currency Translation | | Change in Discount Rate for Future Policy Benefits | | Change in Instrument-Specific Credit Risk for Market Risk Benefits | | Defined Benefit Pension Plan Adjustment | | Total | | Balance as of January 1, 2025 | | $ | (12) | | | $ | (61) | | | $ | 362 | | | $ | (189) | | | $ | 104 | | | $ | 204 | | | Other comprehensive income (loss) before reclassifications | | 410 | | | 46 | | | (83) | | | 68 | | | (4) | | | 437 | | | Amounts reclassified to net income | | (6) | | | — | | | — | | | — | | | — | | | (6) | | | Deferred income tax benefit (expense) | | (86) | | | (8) | | | 25 | | | (19) | | | 1 | | | (87) | | | Balance as of March 31, 2025 | | $ | 306 | | | $ | (23) | | | $ | 304 | | | $ | (140) | | | $ | 101 | | | $ | 548 | | | Other comprehensive income (loss) before reclassifications | | 109 | | | 152 | | | 6 | | | (99) | | | (3) | | | 165 | | | Amounts reclassified to net income | | (37) | | | — | | | — | | | — | | | — | | | (37) | | | Deferred income tax recovery (expense) | | 6 | | | (21) | | | (14) | | | 25 | | | 1 | | | (3) | | | Balance as of June 30, 2025 | | $ | 384 | | | $ | 108 | | | $ | 296 | | | $ | (214) | | | $ | 99 | | | $ | 673 | |
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