v3.26.3
INVESTMENTS - Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Appreciation/(Depreciation) and Fair Value of Fixed Maturity Securities (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Jun. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Fixed maturity securities - available for sale            
Amortized Cost $ 34,680   $ 34,620      
Allowance for Credit Losses (115) $ (64) (68) $ (51) $ (40) $ (36)
Unrealized Appreciation 142   640      
Unrealized Depreciation (1,648)   (619)      
Fair Value 33,058   34,573      
Fixed maturity securities - held to maturity            
Amortized Cost 571   573      
Allowance for Credit Losses (7)   (6)      
Unrealized Appreciation 5   18      
Unrealized Depreciation (20)   (9)      
Fair Value 549   576      
U.S. Treasury securities and obligations of U.S. government agencies and corporations            
Fixed maturity securities - available for sale            
Amortized Cost 817   845      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 1   4      
Unrealized Depreciation (41)   (19)      
Fair Value 777   830      
Tax-exempt obligations of U.S. states and political subdivisions            
Fixed maturity securities - available for sale            
Amortized Cost 39   45      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (7)   (4)      
Fair Value 32   41      
Corporate securities            
Fixed maturity securities - available for sale            
Amortized Cost 9,782   9,913      
Allowance for Credit Losses (40) (39) (54) (38) (39) (35)
Unrealized Appreciation 39   206      
Unrealized Depreciation (483)   (183)      
Fair Value 9,298   9,882      
Fixed maturity securities - held to maturity            
Amortized Cost 169   166      
Allowance for Credit Losses (2)   (2)      
Unrealized Appreciation 0   7      
Unrealized Depreciation (8)   (1)      
Fair Value 160   169      
Asset-backed securities            
Fixed maturity securities - available for sale            
Amortized Cost 5,074   5,094      
Allowance for Credit Losses (75) (25) (14) (14) 0 0
Unrealized Appreciation 2   14      
Unrealized Depreciation (116)   (17)      
Fair Value 4,885   5,077      
Fixed maturity securities - held to maturity            
Amortized Cost 324   328      
Allowance for Credit Losses (5)   (3)      
Unrealized Appreciation 3   5      
Unrealized Depreciation (11)   (8)      
Fair Value 311   322      
Agency commercial            
Fixed maturity securities - available for sale            
Amortized Cost 404   404      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   9      
Unrealized Depreciation (42)   (2)      
Fair Value 363   412      
Non-agency commercial            
Fixed maturity securities - available for sale            
Amortized Cost 1,301   1,151      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   4      
Unrealized Depreciation (48)   (33)      
Fair Value 1,253   1,121      
Fixed maturity securities - held to maturity            
Amortized Cost 0          
Allowance for Credit Losses 0          
Unrealized Appreciation 0          
Unrealized Depreciation 0          
Fair Value 0          
Agency residential            
Fixed maturity securities - available for sale            
Amortized Cost 5,147   5,544      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   82      
Unrealized Depreciation (404)   (161)      
Fair Value 4,743   5,465      
Non-agency residential            
Fixed maturity securities - available for sale            
Amortized Cost 1,723   1,689      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 0   32      
Unrealized Depreciation (79)   (1)      
Fair Value 1,644   1,721      
Foreign government securities            
Fixed maturity securities - available for sale            
Amortized Cost 2,243   2,400      
Allowance for Credit Losses 0   0      
Unrealized Appreciation 11   36      
Unrealized Depreciation (119)   (64)      
Fair Value 2,135   2,371      
Commercial            
Fixed maturity securities - held to maturity            
Amortized Cost     0      
Allowance for Credit Losses     0      
Unrealized Appreciation     0      
Unrealized Depreciation     0      
Fair Value     0      
Foreign corporate securities            
Fixed maturity securities - available for sale            
Amortized Cost 8,149   7,535      
Allowance for Credit Losses 0 $ 0 0 $ 0 $ 0 $ 0
Unrealized Appreciation 88   253      
Unrealized Depreciation (308)   (135)      
Fair Value 7,930   7,653      
Fixed maturity securities - held to maturity            
Amortized Cost 78   79      
Allowance for Credit Losses (1)   (1)      
Unrealized Appreciation 1   6      
Unrealized Depreciation (1)   0      
Fair Value $ 78   $ 84