v3.26.1
AVAILABLE-FOR-SALE FIXED MATURITY SECURITIES - Schedule of Gross Unrealized Losses and Fair Value of Available-for-Sale Fixed Maturity Securities (Details)
$ in Millions
Jun. 30, 2026
USD ($)
position
Dec. 31, 2025
USD ($)
position
Number of Issues    
Less than 12 months | position 3,736 1,388
12 months or more | position 699 788
Total | position 4,435 2,176
Gross Unrealized Losses    
Less than 12 months $ (533) $ (145)
12 months or more (368) (340)
Total (901) (485)
Fair Value    
Less than 12 months 31,583 8,239
12 months or more 3,847 4,360
Total $ 35,430 $ 12,599
U.S. treasury and government    
Number of Issues    
Less than 12 months | position 26 10
12 months or more | position 22 28
Total | position 48 38
Gross Unrealized Losses    
Less than 12 months $ (14) $ (12)
12 months or more (28) (29)
Total (42) (41)
Fair Value    
Less than 12 months 62 17
12 months or more 78 107
Total $ 140 $ 124
U.S. state and municipal    
Number of Issues    
Less than 12 months | position 103 52
12 months or more | position 55 83
Total | position 158 135
Gross Unrealized Losses    
Less than 12 months $ (7) $ (5)
12 months or more (16) (16)
Total (23) (21)
Fair Value    
Less than 12 months 569 357
12 months or more 206 255
Total $ 775 $ 612
Foreign governments    
Number of Issues    
Less than 12 months | position 133 37
12 months or more | position 37 28
Total | position 170 65
Gross Unrealized Losses    
Less than 12 months $ (57) $ (7)
12 months or more (21) (22)
Total (78) (29)
Fair Value    
Less than 12 months 4,664 431
12 months or more 109 76
Total $ 4,773 $ 507
Corporate debt securities    
Number of Issues    
Less than 12 months | position 3,183 1,156
12 months or more | position 511 575
Total | position 3,694 1,731
Gross Unrealized Losses    
Less than 12 months $ (368) $ (95)
12 months or more (226) (216)
Total (594) (311)
Fair Value    
Less than 12 months 23,596 6,569
12 months or more 2,868 3,287
Total $ 26,464 $ 9,856
Residential mortgage-backed securities    
Number of Issues    
Less than 12 months | position 85 24
12 months or more | position 19 20
Total | position 104 44
Gross Unrealized Losses    
Less than 12 months $ (2) $ 0
12 months or more (1) (2)
Total (3) (2)
Fair Value    
Less than 12 months 180 64
12 months or more 50 100
Total $ 230 $ 164
Commercial mortgage-backed securities    
Number of Issues    
Less than 12 months | position 67 40
12 months or more | position 27 29
Total | position 94 69
Gross Unrealized Losses    
Less than 12 months $ (21) $ (9)
12 months or more (25) (23)
Total (46) (32)
Fair Value    
Less than 12 months 572 210
12 months or more 203 290
Total $ 775 $ 500
Collateralized debt securities    
Number of Issues    
Less than 12 months | position 139 69
12 months or more | position 28 25
Total | position 167 94
Gross Unrealized Losses    
Less than 12 months $ (64) $ (17)
12 months or more (51) (32)
Total (115) (49)
Fair Value    
Less than 12 months 1,940 591
12 months or more 333 245
Total $ 2,273 $ 836