v3.26.3
Fair Value - Reconciliations of Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Corporate bonds and other        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period $ 1,594 $ 1,388 $ 1,483 $ 1,278
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income (2) (5) 1
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI (80) 21 (102) 58
Purchases 61 24 225 123
Sales
Settlements (6) (33) (34) (75)
Transfers into Level 3 15
Transfers out of Level 3 (7) (7)
Balance at ending of period 1,560 1,400 1,560 1,400
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at September 30
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at September 30 (80) 21 (102) 55
States, municipalities and political subdivisions        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 44 44 45 42
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI (2) (3) 2
Purchases
Sales
Settlements (1) (1)
Transfers into Level 3
Transfers out of Level 3
Balance at ending of period 41 44 41 44
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at September 30
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at September 30 (2) (3) 2
Asset-backed        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 943 886 998 876
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income 4 8 8 13
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI (35) 8 (56) 5
Purchases 57 93 139 142
Sales
Settlements (30) (36) (76) (77)
Transfers into Level 3
Transfers out of Level 3 (13) (87)
Balance at ending of period 926 959 926 959
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at September 30
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at September 30 (35) 9 (56) 6
Fixed maturities available-for-sale        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 2,581 2,318 2,526 2,196
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income 2 8 3 14
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI (117) 29 (161) 65
Purchases 118 117 364 265
Sales 0 0 0 0
Settlements (37) (69) (111) (152)
Transfers into Level 3 0 0 0 15
Transfers out of Level 3 (20) 0 (94) 0
Balance at ending of period 2,527 2,403 2,527 2,403
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at September 30 0 0 0 0
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at September 30 (117) 30 (161) 63
Equity securities        
Reconciliations for All Assets and Liabilities [Roll Forward]        
Balance at beginning of period 30 10 33 20
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in Net Income 1 3 1
Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses) Included in OCI
Purchases
Sales (5) (7)
Settlements (4)
Transfers into Level 3
Transfers out of Level 3
Balance at ending of period 31 10 31 10
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at September 30 1 (1)
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at September 30