v3.26.3
Fair Value Measurements - Level 3 Rollforwards (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Purchases, Sales, Issuances and Settlements $ (79) $ (25) $ (15) $ 91
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Purchases, Sales, Issuances and Settlements 110   4  
Funds withheld payable under reinsurance treaties        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period (2,155) (1,784) (1,971) (1,353)
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 269 (269) 94 (673)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 145 66 136 39
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period (1,741) (1,987) (1,741) (1,987)
Market risk benefit liabilities        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period (3,368) (3,569) (3,754) (3,774)
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 650 421 863 566
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) (167) (585) 103 (525)
Purchases, Sales, Issuances and Settlements (35) 0 (132) 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period (2,920) (3,733) (2,920) (3,733)
Debt securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period       44
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss)       0
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss)       0
Purchases, Sales, Issuances and Settlements       (44)
Transfers in and/or (out of ) Level 3       0
Fair Value, end of period   0   0
Debt securities | Corporate securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 134 374 346 274
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) (7) (1) (2) 9
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) (5) 2 (4) 5
Purchases, Sales, Issuances and Settlements 26 (1) (159) 96
Transfers in and/or (out of ) Level 3 (26) 23 (59) 13
Fair Value, end of period 122 397 122 397
Debt securities | Commercial mortgage-backed        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 0   0  
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 0   0  
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0   0  
Purchases, Sales, Issuances and Settlements 15   15  
Transfers in and/or (out of ) Level 3 0   0  
Fair Value, end of period 15   15  
Debt securities | Other asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 284 852 426 661
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) (29) (12) (46) (64)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 14 5 7 33
Purchases, Sales, Issuances and Settlements 68 (34) 15 111
Transfers in and/or (out of ) Level 3 38 (335) (27) (265)
Fair Value, end of period 375 476 375 476
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 10 7 7 7
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 2 0 5 0
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 0 0 0 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 12 7 12 7
Mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 595 393 324 449
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 8 (2) (2) 5
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements (46) (42) 235 (105)
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 557 349 557 349
Limited partnerships        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 314 205 250 195
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 8 6 28 15
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 2 73 16 74
Transfers in and/or (out of ) Level 3 0 0 30 0
Fair Value, end of period 324 284 324 284
Policy loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 3,617 3,540 3,537 3,489
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 62 73 135 144
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements (144) (21) (137) (41)
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 3,535 3,592 3,535 3,592
Reinsurance recoverable on market risk benefits        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 109 111 118 121
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) (22) 5 (31) (5)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 0 0 0 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period 87 116 87 116
Market risk benefit assets        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, beginning of period 8,046 8,721 7,867 8,899
Total Realized/Unrealized Gains (Losses) Included in Net Income (Loss) 443 (200) 622 (378)
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements 0 0 0 0
Transfers in and/or (out of ) Level 3 0 0 0 0
Fair Value, end of period $ 8,489 $ 8,521 $ 8,489 $ 8,521