v3.26.3
FAIR VALUE MEASUREMENTS - Changes in Investments Carried at Fair Value Classified as Level 3 (Detail) - 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]        
Balance, beginning of period $ 3,919 $ 3,076 $ 3,517 $ 2,224
Net investment gains (losses) included in earnings 6 (4) 28 0
Unrealized gains (losses) included in other comprehensive income (loss) (141) 14 (221) 69
Purchases 482 218 1,023 1,016
Issuances 0 0 0 0
Sales 0 (1) 0 (2)
Settlements (99) (69) (348) (161)
Transfers into Level 3 386 175 645 358
Transfers out of Level 3 0 0 (91) (95)
Balance, end of period 4,553 3,409 4,553 3,409
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ 4 $ 0 $ 8 $ 4
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net investment gains (losses) Net investment gains (losses) Net investment gains (losses) Net investment gains (losses)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net investment gains (losses), Other Comprehensive Income (Loss), before Tax Net investment gains (losses), Other Comprehensive Income (Loss), before Tax Net investment gains (losses), Other Comprehensive Income (Loss), before Tax Net investment gains (losses), Other Comprehensive Income (Loss), before Tax
Fixed maturity securities | Mortgage- and asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 2,753 $ 1,922 $ 2,294 $ 1,156
Net investment gains (losses) included in earnings 3 0 17 0
Unrealized gains (losses) included in other comprehensive income (loss) (81) 6 (129) 36
Purchases 436 208 927 817
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (87) (65) (258) (121)
Transfers into Level 3 386 175 645 358
Transfers out of Level 3 0 0 (86) 0
Balance, end of period 3,410 2,246 3,410 2,246
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 2 0 4 0
Fixed maturity securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 852 792 876 647
Net investment gains (losses) included in earnings 0 0 5 0
Unrealized gains (losses) included in other comprehensive income (loss) (54) 9 (78) 29
Purchases 30 9 79 167
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (6) (4) (60) (37)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 822 806 822 806
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 1 0
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 17 23 19 23
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 (1) 0 1
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 (2) (2)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 17 22 17 22
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Fixed maturity securities | Banks/financial institutions        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 4 9 9 10
Net investment gains (losses) included in earnings 1 0 1 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 (1)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (5) 0 (5) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 (5) 0
Balance, end of period 0 9 0 9
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Fixed maturity securities | Other corporate        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 135 163 159 231
Net investment gains (losses) included in earnings 0 0 6 0
Unrealized gains (losses) included in other comprehensive income (loss) (6) 0 (14) 4
Purchases 0 0 0 24
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (1) 0 (23) (1)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 (95)
Balance, end of period 128 163 128 163
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 158 167 160 157
Net investment gains (losses) included in earnings 2 (4) (1) 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 16 1 17 8
Issuances 0 0 0 0
Sales 0 (1) 0 (2)
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 176 163 176 163
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ 2 $ 0 $ 3 $ 4