v3.26.3
Investments - Consolidated Investments (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Jun. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Available-for-sale securities            
Amortized Cost $ 55,495   $ 55,292      
Allowance for Expected Credit Losses (71) $ (71) (104) $ (96) $ (97) $ (62)
Gross Unrealized Gains 180   603      
Gross Unrealized Losses (4,892)   (3,091)      
Fair Value 50,712   52,700      
Asset-backed securities            
Available-for-sale securities            
Amortized Cost 18,128   18,847      
Allowance for Expected Credit Losses (12) (14) (25) (21) (24) (13)
Gross Unrealized Gains 123   166      
Gross Unrealized Losses (390)   (256)      
Fair Value 17,849   18,732      
Commercial mortgage-backed securities            
Available-for-sale securities            
Amortized Cost 4,340   5,298      
Allowance for Expected Credit Losses (57) (56) (61) (55) (53) (49)
Gross Unrealized Gains 9   57      
Gross Unrealized Losses (186)   (139)      
Fair Value 4,106   5,155      
Corporates            
Available-for-sale securities            
Amortized Cost 26,649   25,333      
Allowance for Expected Credit Losses 0   (17) (19) (20) 0
Gross Unrealized Gains 27   290      
Gross Unrealized Losses (3,729)   (2,356)      
Fair Value 22,947   23,250      
Hybrids            
Available-for-sale securities            
Amortized Cost 636   625      
Allowance for Expected Credit Losses 0   0      
Gross Unrealized Gains 3   6      
Gross Unrealized Losses (40)   (22)      
Fair Value 599   609      
Municipals            
Available-for-sale securities            
Amortized Cost 1,532   1,562      
Allowance for Expected Credit Losses 0   0      
Gross Unrealized Gains 1   4      
Gross Unrealized Losses (309)   (211)      
Fair Value 1,224   1,355      
Residential mortgage-backed securities            
Available-for-sale securities            
Amortized Cost 3,513   2,840      
Allowance for Expected Credit Losses (2) $ (1) (1) $ (1) $ 0 $ 0
Gross Unrealized Gains 17   76      
Gross Unrealized Losses (168)   (70)      
Fair Value 3,360   2,845      
U.S. Government            
Available-for-sale securities            
Amortized Cost 392   495      
Allowance for Expected Credit Losses 0   0      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses (11)   (2)      
Fair Value 381   493      
Foreign Governments            
Available-for-sale securities            
Amortized Cost 305   292      
Allowance for Expected Credit Losses 0   0      
Gross Unrealized Gains 0   4      
Gross Unrealized Losses (59)   (35)      
Fair Value $ 246   $ 261