v3.26.3
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par Value
Accumulated Undistributed (Overdistributed) Earnings
Beginning balance (in shares) at Dec. 31, 2024   672,000,000    
Beginning balance at Dec. 31, 2024 $ 13,355 $ 1 $ 12,502 $ 852
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   17,000,000    
Issuances of common stock (net of offering and underwriting costs) 384   384  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 20   20  
Net investment income 365     365
Net realized losses (gains) on investments, foreign currency, extinguishment of debt and other transactions (61)     (61)
Net unrealized (losses) gains on investments, foreign currency and other transactions (63)     (63)
Dividends declared and payable (328)     (328)
Ending balance (in shares) at Mar. 31, 2025   690,000,000    
Ending balance at Mar. 31, 2025 13,672 $ 1 12,906 765
Beginning balance (in shares) at Dec. 31, 2024   672,000,000    
Beginning balance at Dec. 31, 2024 $ 13,355 $ 1 12,502 852
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Shares issued in connection with dividend reinvestment plan (in shares) 2,900,000      
Net investment income $ 1,045      
Net unrealized (losses) gains on investments, foreign currency and other transactions (174)      
Ending balance (in shares) at Sep. 30, 2025   716,000,000    
Ending balance at Sep. 30, 2025 14,322 $ 1 13,470 851
Beginning balance (in shares) at Mar. 31, 2025   690,000,000    
Beginning balance at Mar. 31, 2025 13,672 $ 1 12,906 765
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   15,000,000    
Issuances of common stock (net of offering and underwriting costs) 318   318  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 20   20  
Net investment income 342     342
Net realized losses (gains) on investments, foreign currency, extinguishment of debt and other transactions 34     34
Net unrealized (losses) gains on investments, foreign currency and other transactions (15)     (15)
Dividends declared and payable (337)     (337)
Ending balance (in shares) at Jun. 30, 2025   706,000,000    
Ending balance at Jun. 30, 2025 14,034 $ 1 13,244 789
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   9,000,000    
Issuances of common stock (net of offering and underwriting costs) 204   204  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 22   22  
Net investment income 338     338
Net realized losses (gains) on investments, foreign currency, extinguishment of debt and other transactions 162     162
Net unrealized (losses) gains on investments, foreign currency and other transactions (96)     (96)
Dividends declared and payable (342)     (342)
Ending balance (in shares) at Sep. 30, 2025   716,000,000    
Ending balance at Sep. 30, 2025 14,322 $ 1 13,470 851
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   1,000,000    
Issuances of common stock (net of offering and underwriting costs) 22   22  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 25   25  
Net investment income 370     370
Net realized losses (gains) on investments, foreign currency, extinguishment of debt and other transactions (155)     (155)
Net unrealized (losses) gains on investments, foreign currency and other transactions 78     78
Dividends declared and payable (344)     (344)
Tax reclassification of stockholders’ equity in accordance with GAAP $ 0   (158) 158
Ending balance (in shares) at Dec. 31, 2025 718,000,000 718,000,000    
Ending balance at Dec. 31, 2025 $ 14,318 $ 1 13,359 958
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net investment income 398     398
Net realized losses (gains) on investments, foreign currency, extinguishment of debt and other transactions 106     106
Net unrealized (losses) gains on investments, foreign currency and other transactions (412)     (412)
Dividends declared and payable (345)     (345)
Ending balance (in shares) at Mar. 31, 2026   718,000,000    
Ending balance at Mar. 31, 2026 $ 14,065 $ 1 13,359 705
Beginning balance (in shares) at Dec. 31, 2025 718,000,000 718,000,000    
Beginning balance at Dec. 31, 2025 $ 14,318 $ 1 13,359 958
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Shares issued in connection with dividend reinvestment plan (in shares) 0      
Net investment income $ 1,085      
Net unrealized (losses) gains on investments, foreign currency and other transactions $ (552)      
Ending balance (in shares) at Sep. 30, 2026 722,000,000 722,000,000    
Ending balance at Sep. 30, 2026 $ 13,946 $ 1 13,441 504
Beginning balance (in shares) at Mar. 31, 2026   718,000,000    
Beginning balance at Mar. 31, 2026 14,065 $ 1 13,359 705
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net investment income 359     359
Net realized losses (gains) on investments, foreign currency, extinguishment of debt and other transactions (5)     (5)
Net unrealized (losses) gains on investments, foreign currency and other transactions (183)     (183)
Dividends declared and payable (345)     (345)
Ending balance (in shares) at Jun. 30, 2026   718,000,000    
Ending balance at Jun. 30, 2026 13,891 $ 1 13,359 531
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   4,000,000    
Issuances of common stock (net of offering and underwriting costs) 82   82  
Net investment income 328     328
Net realized losses (gains) on investments, foreign currency, extinguishment of debt and other transactions (52)     (52)
Net unrealized (losses) gains on investments, foreign currency and other transactions 43     43
Dividends declared and payable $ (346)     (346)
Ending balance (in shares) at Sep. 30, 2026 722,000,000 722,000,000    
Ending balance at Sep. 30, 2026 $ 13,946 $ 1 $ 13,441 $ 504