v3.26.3
Investments (Tables)
 9 Months Ended
Sep. 30, 2026
Investments [Abstract]  
Schedule of Current and Long-Term Investments, Available-For-Sale
A summary of current and long-term fixed maturity securities, available-for-sale, at September 30, 2026 and December 31, 2025 is as follows:
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance
For Credit
Losses		Estimated
Fair Value
September 30, 2026
Fixed maturity securities:
United States Government securities$1,633 $— $(102)$— $1,531 
Government sponsored securities34 — (2)— 32 
Foreign government securities15 — (1)— 14 
States, municipalities and political subdivisions, tax-exempt3,663 3 (237)(2)3,427 
Corporate securities14,028 36 (654)(7)13,403 
Residential mortgage-backed securities4,049 3 (332)(2)3,718 
Commercial mortgage-backed securities1,577 2 (68)(2)1,509 
Other asset-backed securities3,079 51 (159)(47)2,924 
Total fixed maturity securities$28,078 $95 $(1,555)$(60)$26,558 
December 31, 2025
Fixed maturity securities:
United States Government securities$1,512 $10 $(19)$— $1,503 
Government sponsored securities80 2 (1)— 81 
Foreign government securities13 — — — 13 
States, municipalities and political subdivisions, tax-exempt3,701 76 (74)(2)3,701 
Corporate securities13,498 419 (130)(4)13,783 
Residential mortgage-backed securities3,203 43 (136)(3)3,107 
Commercial mortgage-backed securities2,078 28 (31)(2)2,073 
Other asset-backed securities2,804 53 (103)(10)2,744 
Total fixed maturity securities$26,889 $631 $(494)$(21)$27,005 
Schedule of Aggregate Fair Value and Gross Unrealized Loss of Fixed Maturity Securities in an Unrealized Loss Position
For fixed maturity securities in an unrealized loss position at September 30, 2026 and December 31, 2025, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position:
Less than 12 Months12 Months or Greater
(Securities are whole amounts)Number of
Securities		Estimated
Fair Value		Gross
Unrealized
Loss		Number of
Securities		Estimated
Fair Value		Gross
Unrealized
Loss
September 30, 2026
Fixed maturity securities:
United States Government securities71 $1,351 $(76)13$106 $(26)
Government sponsored securities12 24 (1)118 (1)
Foreign government securities5 14 (1)1— — 
States, municipalities and political subdivisions, tax-exempt1,071 2,729 (148)330510 (89)
Corporate securities2,561 10,977 (541)531752 (113)
Residential mortgage-backed securities697 2,737 (152)1,139819 (180)
Commercial mortgage-backed securities276 1,109 (41)110222 (27)
Other asset-backed securities403 1,567 (53)165355 (106)
Total fixed maturity securities5,096 $20,508 $(1,013)2,300$2,772 $(542)
December 31, 2025
Fixed maturity securities:
United States Government securities18 $460 $(3)17 $167 $(16)
Government sponsored securities4 — — 1629 (1)
Foreign government securities1 3 — 21 — 
States, municipalities and political subdivisions, tax-exempt213486 (8)522848 (66)
Corporate securities5681,398 (22)8391,397 (108)
Residential mortgage-backed securities169282 (4)1,1641,012 (132)
Commercial mortgage-backed securities80308 (6)212479 (25)
Other asset-backed securities154657 (28)174275 (75)
Total fixed maturity securities1,207 $3,594 $(71)2,946 $4,208 $(423)
Schedule of Amortized Cost and Fair Value of Fixed Maturity Securities, By Contractual Maturity
The amortized cost and fair value of fixed maturity securities at September 30, 2026, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations.
Amortized
Cost		Estimated
Fair Value
Due in one year or less$295 $289 
Due after one year through five years3,254 3,167 
Due after five years through ten years9,379 8,972 
Due after ten years6,445 5,979 
Mortgage and other asset-backed securities8,705 8,151 
Total fixed maturity securities$28,078 $26,558 
Schedule of Marketable Equity Securities
A summary of current equity securities at September 30, 2026 and December 31, 2025 is as follows:
September 30, 2026December 31, 2025
Equity securities:
Exchange traded funds$2,063 $650 
Common equity securities40 35 
Private equity securities48 55 
Total$2,151 $740 
Schedule of Investment Holdings, Other than Securities
A summary of other invested assets at September 30, 2026 and December 31, 2025 is as follows:
September 30, 2026December 31, 2025
Other invested assets:
Company-owned life insurance$3,080 $2,927 
Equity method investments and joint ventures3,087 3,136 
Limited partnership investments3,646 3,033 
Other1,695 1,743 
Total$11,508 $10,839 
Schedule of Investment Gains (Losses)
Net investment gains (losses) for the three and nine months ended September 30, 2026 and 2025 are as follows:
Three Months Ended 
 September 30,		Nine Months Ended 
 September 30
2026202520262025
Net gains (losses):
Fixed maturity securities:
Gross realized gains from sales$12 $39 $75 $88 
Gross realized losses from sales(80)(51)(151)(195)
Impairment losses recognized in income(6)— (42)(10)
Net realized losses from sales of fixed maturity securities(74)(12)(118)(117)
Equity securities:
Unrealized gains (losses) recognized on equity securities still held at the end of the period(8)8 (8)2 
Net realized losses recognized on equity securities sold during the period(4)(7)(7)(9)
Net gains (losses) on equity securities(12)1 (15)(7)
Other investments:
Gross gains from sales21 28 58 41 
Gross losses from sales(12)— (23)(100)
Other realized losses recognized in income(55)(17)(150)(411)
Net gains (losses) on other investments(46)11 (115)(470)
Net losses on investments$(132)$— $(248)$(594)