v3.26.3
Fair Value of Financial Instruments - Schedule of Carrying Amounts of Assets and Liabilities at Estimated Fair Value Measured on a Recurring Basis (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Fixed maturity securities, available-for-sale: $ 50,712 $ 52,700
Fixed maturity securities, at fair value under fair value option 78 0
Derivative investments 1,126 1,148
Investments in unconsolidated affiliates 256 270
Loan receivable, included in Prepaid expenses and other assets 0 24
Market risk benefits asset 343 285
Total financial assets at fair value 2,270 1,771
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 63 72
Market risk benefits liability 906 903
Fair Value    
Assets    
Cash and cash equivalents 1,560 1,486
Derivative investments 1,126 1,148
Investments in unconsolidated affiliates 4,894 4,608
Short term investments 724 1,043
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 947 399
Loan receivable, included in Prepaid expenses and other assets   24
Market risk benefits asset 343 285
Total financial assets at fair value 56,313 57,985
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 63 72
Market risk benefits liability 906 903
Total financial liabilities at fair value 7,178 7,604
Level 1    
Assets    
Cash and cash equivalents 1,560 1,486
Derivative investments 0 0
Investments in unconsolidated affiliates 0 0
Short term investments 591 887
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 0 0
Loan receivable, included in Prepaid expenses and other assets   0
Market risk benefits asset 0 0
Total financial assets at fair value 2,741 3,119
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 0 0
Market risk benefits liability 0 0
Total financial liabilities at fair value 0 0
Level 2    
Assets    
Cash and cash equivalents 0 0
Derivative investments 1,117 1,148
Investments in unconsolidated affiliates 0 0
Short term investments 4 82
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 0 0
Loan receivable, included in Prepaid expenses and other assets   0
Market risk benefits asset 0 0
Total financial assets at fair value 36,955 40,464
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 63 0
Market risk benefits liability 0 0
Total financial liabilities at fair value (203)  
Total financial liabilities at fair value   78
Level 3    
Assets    
Cash and cash equivalents 0 0
Derivative investments 9 0
Investments in unconsolidated affiliates 0 0
Short term investments 129 74
Indexed annuities/IUL ceded embedded derivatives, included in Reinsurance recoverable 947 399
Loan receivable, included in Prepaid expenses and other assets   24
Market risk benefits asset 343 285
Total financial assets at fair value 16,570 14,367
Derivatives:    
Contingent consideration, included in Accounts payable and accrued liabilities 0 72
Market risk benefits liability 906 903
Total financial liabilities at fair value 7,381 7,526
NAV    
Assets    
Investments in unconsolidated affiliates 4,894 4,608
Total financial assets at fair value 47 35
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Fair Value    
Derivatives:    
Derivative liabilities 6,456 6,542
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Level 1    
Derivatives:    
Derivative liabilities 0 0
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Level 2    
Derivatives:    
Derivative liabilities 0 0
Indexed annuities/IUL embedded derivatives, included in Contractholder funds | Level 3    
Derivatives:    
Derivative liabilities 6,456 6,542
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Fair Value    
Derivatives:    
Derivative liabilities 298 12
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Level 1    
Derivatives:    
Derivative liabilities 0 0
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Level 2    
Derivatives:    
Derivative liabilities 279 3
Interest rate and foreign currency swaps, included in Accounts payable and accrued liabilities | Level 3    
Derivatives:    
Derivative liabilities 19 9
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Fair Value    
Derivatives:    
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities (545) 75
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Level 1    
Derivatives:    
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities 0 0
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Level 2    
Derivatives:    
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities (545) 75
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities | Level 3    
Derivatives:    
Reinsurance related embedded derivatives, included in Funds withheld for reinsurance liabilities 0 0
Asset-backed securities    
Assets    
Fixed maturity securities, available-for-sale: 17,849 18,732
Asset-backed securities | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 17,849 18,732
Asset-backed securities | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 0 0
Asset-backed securities | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 6,642 8,638
Asset-backed securities | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 11,207 10,094
Commercial mortgage-backed securities    
Assets    
Fixed maturity securities, available-for-sale: 4,106 5,155
Commercial mortgage-backed securities | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 4,106 5,155
Commercial mortgage-backed securities | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 0 0
Commercial mortgage-backed securities | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 4,102 5,155
Commercial mortgage-backed securities | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 4 0
Corporates    
Assets    
Fixed maturity securities, available-for-sale: 22,947 23,250
Corporates | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 22,947 23,250
Corporates | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 37 40
Corporates | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 19,275 20,086
Corporates | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 3,635 3,124
Hybrids    
Assets    
Fixed maturity securities, available-for-sale: 599 609
Hybrids | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 599 609
Hybrids | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 30 36
Hybrids | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 555 558
Hybrids | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 14 15
Municipals | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 1,224 1,355
Municipals | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 0 0
Municipals | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 1,221 1,352
Municipals | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 3 3
Residential mortgage-backed securities    
Assets    
Fixed maturity securities, available-for-sale: 3,360 2,845
Residential mortgage-backed securities | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 3,360 2,845
Residential mortgage-backed securities | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 0 0
Residential mortgage-backed securities | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 3,360 2,842
Residential mortgage-backed securities | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 0 3
U.S. Government    
Assets    
Fixed maturity securities, available-for-sale: 381 493
U.S. Government | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 381 493
U.S. Government | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 381 493
U.S. Government | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 0 0
U.S. Government | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 0 0
Foreign Governments    
Assets    
Fixed maturity securities, available-for-sale: 246 261
Foreign Governments | Fair Value    
Assets    
Fixed maturity securities, available-for-sale: 246 261
Fixed maturity securities, at fair value under fair value option 78  
Foreign Governments | Level 1    
Assets    
Fixed maturity securities, available-for-sale: 0 0
Fixed maturity securities, at fair value under fair value option 0  
Foreign Governments | Level 2    
Assets    
Fixed maturity securities, available-for-sale: 223 238
Fixed maturity securities, at fair value under fair value option 78  
Foreign Governments | Level 3    
Assets    
Fixed maturity securities, available-for-sale: 23 23
Fixed maturity securities, at fair value under fair value option 0  
Preferred equity securities    
Assets    
Preferred and common equity securities 271 341
Preferred equity securities | Fair Value    
Assets    
Preferred and common equity securities 188 239
Preferred equity securities | Level 1    
Assets    
Preferred and common equity securities 106 115
Preferred equity securities | Level 2    
Assets    
Preferred and common equity securities 82 117
Preferred equity securities | Level 3    
Assets    
Preferred and common equity securities 0 7
Common equity securities | Fair Value    
Assets    
Preferred and common equity securities 83 102
Common equity securities | Level 1    
Assets    
Preferred and common equity securities 36 62
Common equity securities | Level 2    
Assets    
Preferred and common equity securities 0 0
Common equity securities | Level 3    
Assets    
Preferred and common equity securities 0 5
Common equity securities | NAV    
Assets    
Preferred and common equity securities 47 35
Investments in unconsolidated affiliates | Fair Value    
Assets    
Investments in unconsolidated affiliates 256 270
Investments in unconsolidated affiliates | Level 1    
Assets    
Investments in unconsolidated affiliates 0 0
Investments in unconsolidated affiliates | Level 2    
Assets    
Investments in unconsolidated affiliates 0 0
Investments in unconsolidated affiliates | Level 3    
Assets    
Investments in unconsolidated affiliates 256 270
Other long-term investments | Fair Value    
Assets    
Other long-term investments 296 289
Other long-term investments | Level 1    
Assets    
Other long-term investments 0 0
Other long-term investments | Level 2    
Assets    
Other long-term investments 296 248
Other long-term investments | Level 3    
Assets    
Other long-term investments $ 0 $ 41