v3.26.3
Investments - Narrative (Details)
$ in Millions
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Feb. 28, 2026
USD ($)
Sep. 30, 2026
USD ($)
state
Sep. 30, 2025
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2026
USD ($)
state
Sep. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Percent of total debt securities carrying value              
Investment management arrangement, term 10 years            
Investment management arrangement, automatic renewal term 1 year            
Investment management arrangement, automatic renewal, permissible period 15 years            
Debt securities, rated by investment advisor   $ 848     $ 848   $ 606
Securities on deposit with regulatory authorities   52     52   57
Accrued interest written off   0 $ 4   3 $ 5  
Aggregate fair value of securities sold at a loss   $ 506 $ 283   $ 1,700 $ 1,500  
Aggregate fair value of securities sold at a loss, percentage of book value   90.00% 95.00%   93.00% 95.00%  
Proceeds from sales of available-for-sale debt securities   $ 700 $ 900   $ 2,600 $ 2,700  
Unconsolidated VIEs, exposure to loss   3,176     3,176   2,709
Equity securities   257     257   172
Stressed loans   20 5   20 5  
Policy loans, fair value under fair value option   3,535     3,535   3,537
Policy loans not held as collateral for reinsurance   900     900   900
Other invested assets   3,508     3,508   3,185
Securities loaned   $ 28     $ 28   34
Securities loaned, minimum percent of fair value required as collateral   102.00%     102.00%    
Securities loaned, cash collateral   $ 29     $ 29   35
Outstanding repurchase agreement balance   500     500   1,001
Gross interest income         500   1,000
Gross interest expense   37 25   89 75  
Collateral upgrade transactions   $ 1,416     $ 1,416   1,498
TPG, Inc.              
Percent of total debt securities carrying value              
Payments to acquire equity stake $ 500            
Sale of stock, consideration received $ 150            
Commercial mortgage loans              
Percent of total debt securities carrying value              
Financing receivables, collateralized by properties, number of states | state   35     35    
Residential mortgage loans              
Percent of total debt securities carrying value              
Financing receivables, collateralized by properties, number of states | state   48     48    
Unfunded Loan Commitment              
Percent of total debt securities carrying value              
Modified loans, unfunded commitment         $ 8    
Unconsolidated VIEs              
Percent of total debt securities carrying value              
Equity securities   $ 49     $ 49   $ 21
Corporate securities, utilities              
Percent of total debt securities carrying value              
Unrealized losses   20.00%     20.00%   18.00%
Corporate debt securities, financial services              
Percent of total debt securities carrying value              
Unrealized losses   13.00%     13.00%    
Corporate securities | Single corporate obligor              
Percent of total debt securities carrying value              
Largest unrealized loss to a single corporate obligor   $ 67     $ 67   $ 55
Corporate debt securities, healthcare              
Percent of total debt securities carrying value              
Unrealized losses             13.00%
Equity securities              
Percent of total debt securities carrying value              
Unrealized gain (losses) on investments   0 6   (58) 8  
Investment in Federal Home Loan Bank Stock              
Percent of total debt securities carrying value              
Other invested assets   90     90   $ 119
Real estate              
Percent of total debt securities carrying value              
Other invested assets   220     220   230
Real estate, foreclosed properties              
Percent of total debt securities carrying value              
Other invested assets   15     15   20
Limited partnerships              
Percent of total debt securities carrying value              
Other invested assets   3,200     3,200   2,800
Repurchase agreements              
Percent of total debt securities carrying value              
Gross interest expense   0 14   3 42  
Collateral upgrade transactions              
Percent of total debt securities carrying value              
Gross interest income   14 17   42 50  
Gross interest expense   $ 16 $ 19   49 $ 57  
Collateral upgrade transactions       $ 1,500      
Period of notice prior to termination       150 days      
Corporate securities, collateral upgrade         $ 1,600   $ 1,600
Below investment grade or not rated              
Percent of total debt securities carrying value              
Unrealized losses   19.00%     19.00%   19.00%