v3.26.3
Future Policy Benefits Reserves - Balances and Changes (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
Dec. 31, 2024
Present value of future net premiums            
Balance, January 1     $ 3,363 $ 3,425    
Effect of changes in discount rate     (71) (7)    
Balance, January 1, at original locked in discount rate         $ 3,292 $ 3,418
Effect of changes in cash flow assumptions         45 114
Expect of actual variances from expected experience         (15) (2)
Adjusted balance, January 1 $ 3,149 $ 3,357 3,149 3,357 3,322 3,530
Interest accrual     125 133    
Net premiums: earned during period     (298) (306)    
Balance, end of period at original locked in discount rate 3,149 3,357 3,149 3,357    
Effect of changes in discount rate (128) 83 (128) 83    
Balance, September 30 3,021 3,440 3,021 3,440    
Present value of future benefits & expenses            
Balance, January 1     16,811 16,583    
Effect of changes in discount rate (1,635) (26) (1,635) (26) 173 440
Balance, January 1, at original locked in discount rate     16,984 17,023    
Effect of changes in cash flow assumptions         218 121
Effect of actual variances from expected experience         78 50
Adjusted balance, January 1         17,280 $ 17,194
Interest accrual     683 688    
Benefit & expense payments     (870) (870)    
Balance, end of period at original locked in discount rate 17,093 17,012 17,093 17,012    
Balance, September 30 15,458 16,986 15,458 16,986    
Net LFPB 12,437 13,546 12,437 13,546 $ 13,448  
Re-measurement impact of insurance claims and policyholders’ benefits $ 222 $ 36 $ (266) $ 59