v3.26.3
Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2026
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (AOCI) includes changes in unrealized gains and losses on investments, changes in pension obligations and changes in life policy reserves, reinsurance recoverable and other as follows:
(Dollars in millions)Three months ended September 30,
20262025
Before taxIncome taxNetBefore taxIncome taxNet
Investments:
AOCI, beginning of period$(327)$(70)$(257)$(458)$(99)$(359)
OCI before investment gains and losses, net, recognized in net income(1,170)(251)(919)242 51 191 
Investment gains and losses, net, recognized in net income8 2 6 (1)— (1)
OCI(1,162)(249)(913)241 51 190 
AOCI, end of period$(1,489)$(319)$(1,170)$(217)$(48)$(169)
Pension obligations:
AOCI, beginning of period$83 $19 $64 $73 $17 $56 
OCI excluding amortization recognized in net income— — — — — — 
Amortization recognized in net income(1)— (1)— — — 
OCI(1)— (1)— — — 
AOCI, end of period$82 $19 $63 $73 $17 $56 
Life policy reserves, reinsurance recoverable and other:
AOCI, beginning of period$72 $14 $58 $69 $15 $54 
OCI before investment gains and losses, net, recognized in net income125 27 98 (32)(7)(25)
Investment gains and losses, net, recognized in net income— — — — — — 
OCI125 27 98 (32)(7)(25)
AOCI, end of period$197 $41 $156 $37 $8 $29 
Summary of AOCI:
AOCI, beginning of period$(172)$(37)$(135)$(316)$(67)$(249)
Investments OCI(1,162)(249)(913)241 51 190 
Pension obligations OCI(1)— (1)— — — 
Life policy reserves, reinsurance recoverable and other OCI125 27 98 (32)(7)(25)
Total OCI(1,038)(222)(816)209 44 165 
AOCI, end of period$(1,210)$(259)$(951)$(107)$(23)$(84)
(Dollars in millions)Nine months ended September 30,
20262025
Before taxIncome taxNetBefore taxIncome taxNet
Investments:
AOCI, beginning of period$(181)$(40)$(141)$(553)$(119)$(434)
OCI before investment gains and losses, net, recognized in net income(1,311)(280)(1,031)323 68 255 
Investment gains and losses, net, recognized in net income3 1 2 13 3 10 
OCI(1,308)(279)(1,029)336 71 265 
AOCI, end of period$(1,489)$(319)$(1,170)$(217)$(48)$(169)
Pension obligations:
AOCI, beginning of period$85 $19 $66 $75 $17 $58 
OCI excluding amortization recognized in net income— — — — — — 
Amortization recognized in net income(3)— (3)(2)— (2)
OCI(3)— (3)(2)— (2)
AOCI, end of period$82 $19 $63 $73 $17 $56 
Life policy reserves, reinsurance recoverable and other:
AOCI, beginning of period$52 $11 $41 $85 $18 $67 
OCI before investment gains and losses, net, recognized in net income145 30 115 (48)(10)(38)
Investment gains and losses, net, recognized in net income— — — — — — 
OCI145 30 115 (48)(10)(38)
AOCI, end of period$197 $41 $156 $37 $8 $29 
Summary of AOCI:
AOCI, beginning of period$(44)$(10)$(34)$(393)$(84)$(309)
Investments OCI(1,308)(279)(1,029)336 71 265 
Pension obligations OCI(3)— (3)(2)— (2)
Life policy reserves, reinsurance recoverable and other OCI145 30 115 (48)(10)(38)
Total OCI(1,166)(249)(917)286 61 225 
AOCI, end of period$(1,210)$(259)$(951)$(107)$(23)$(84)