v3.26.3
Liability for Future Policy Benefit (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Net liability for future policy benefits:          
Net life policy reserves $ 2,861   $ 2,861   $ 2,992
Life policy reserves:          
Net liability for future policy benefits:          
Net life policy reserves 1,527   1,527   1,629
Term Life Insurance | Life policy reserves:          
Present value of expected net premiums:          
Balance, beginning of period 1,719 $ 1,678 1,709 $ 1,638  
Beginning balance at original discount rate 1,776 1,731 1,743 1,719  
Effect of changes in cash flow assumptions 0 0 21 (4)  
Effect of actual variances from expected experience (3) (11) (13) (14)  
Adjusted beginning of period balance 1,773 1,720 1,751 1,701  
Issuances 38 44 117 120  
Interest accrual 19 19 58 57  
Net premiums collected (47) (45) (143) (140)  
Ending balance at original discount rate 1,783 1,738 1,783 1,738  
Effect of changes in discount rate assumptions (157) (27) (157) (27)  
Balance, end of period 1,626 1,711 1,626 1,711  
Present value of expected future policy benefits:          
Balance, beginning of period 2,823 2,720 2,794 2,668  
Beginning balance at original discount rate 2,931 2,821 2,863 2,812  
Effect of changes in cash flow assumptions 1 0 37 (12)  
Effect of actual variances from expected experience (4) (16) (20) (22)  
Adjusted beginning of period balance 2,928 2,805 2,880 2,778  
Issuances 39 44 117 120  
Interest accrual 33 32 99 96  
Benefits paid (53) (37) (149) (150)  
Ending balance at original discount rate 2,947 2,844 2,947 2,844  
Effect of changes in discount rate assumptions (297) (52) (297) (52)  
Balance, end of period 2,650 2,792 2,650 2,792  
Net liability for future policy benefits:          
Present value of expected future policy benefits less expected net premiums 1,024 1,081 1,024 1,081  
Impact of flooring at cohort level 11 18 11 18  
Net life policy reserves 1,035 1,099 1,035 1,099 1,103
Less reinsurance recoverable at original discount rate (68) (67) (68) (67)  
Less effect of discount rate assumption changes on reinsurance recoverable (2) (8) (2) (8)  
Net life policy reserves, after reinsurance recoverable $ 965 $ 1,024 $ 965 $ 1,024  
Weighted-average duration of the net life policy reserves in years 11 years 11 years 11 years 11 years  
Whole Life Insurance | Life policy reserves:          
Present value of expected net premiums:          
Balance, beginning of period $ 216 $ 220 $ 225 $ 218  
Beginning balance at original discount rate 222 226 228 228  
Effect of changes in cash flow assumptions 1 0 (4) 0  
Effect of actual variances from expected experience 0 1 0 0  
Adjusted beginning of period balance 223 227 224 228  
Issuances 5 7 13 14  
Interest accrual 2 2 7 7  
Net premiums collected (8) (8) (22) (21)  
Ending balance at original discount rate 222 228 222 228  
Effect of changes in discount rate assumptions (18) (3) (18) (3)  
Balance, end of period 204 225 204 225  
Present value of expected future policy benefits:          
Balance, beginning of period 641 634 650 623  
Beginning balance at original discount rate 662 651 662 646  
Effect of changes in cash flow assumptions 1 (1) (7) (1)  
Effect of actual variances from expected experience (1) 1 (1) 0  
Adjusted beginning of period balance 662 651 654 645  
Issuances 5 7 13 14  
Interest accrual 8 8 25 25  
Benefits paid (7) (9) (24) (27)  
Ending balance at original discount rate 668 657 668 657  
Effect of changes in discount rate assumptions (75) (3) (75) (3)  
Balance, end of period 593 654 593 654  
Net liability for future policy benefits:          
Present value of expected future policy benefits less expected net premiums 389 429 389 429  
Impact of flooring at cohort level 0 1 0 1  
Net life policy reserves 389 430 389 430 $ 426
Less reinsurance recoverable at original discount rate (24) (25) (24) (25)  
Less effect of discount rate assumption changes on reinsurance recoverable (1) (4) (1) (4)  
Net life policy reserves, after reinsurance recoverable $ 364 $ 401 $ 364 $ 401  
Weighted-average duration of the net life policy reserves in years 14 years 15 years 14 years 15 years