INCOME TAXES |
9 Months Ended |
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Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES During the third quarter of 2026, the Company established a valuation allowance of $215 million against a portion of its deferred tax assets associated with tax capital loss carryforwards, of which $164 million was included in other comprehensive income and $51 million was included in consolidated net earnings as a component of income taxes. In assessing the realizability of these deferred tax assets, the Company considered all available positive and negative evidence, including the increase in realized tax capital losses and the decrease in gross unrealized tax capital gains primarily related to available-for-sale securities, and concluded that it is more likely than not that a portion of the deferred tax assets related to tax capital loss carryforwards will not be realized. The valuation allowance reflects management's assessment of the amount of tax capital gains expected to be available to utilize the tax capital loss carryforwards before their expiration. The Company will continue to assess the realizability of its deferred tax assets at each reporting date.
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