The following tables present the changes in each component of accumulated other comprehensive income (AOCI) and the effect of reclassifications out of AOCI into the respective lines in the condensed consolidated statements of operations.
Changes in Accumulated Other Comprehensive Income (Loss) by Component Third Quarter 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Gains (Losses) on Investments with: | | ISCR on
FG VIEs’ Liabilities with Recourse | | Change in Discount Rates on the LFPB | | Cumulative
Translation
Adjustment | | Cash Flow
Hedge | | Total AOCI | | No Credit Impairment | | Credit Impairment | | | | | | | (in millions) | | Balance, June 30, 2026 | $ | (124) | | | $ | (88) | | | $ | (16) | | | $ | 9 | | | $ | (36) | | | $ | 4 | | | $ | (251) | | | Other comprehensive income (loss) before reclassifications | (225) | | | (17) | | | — | | | 19 | | | (1) | | | — | | | (224) | | | Less: Amounts reclassified from AOCI to: | | | | | | | | | | | | | | Net realized investment gains (losses) | (3) | | | (8) | | | — | | | — | | | — | | | — | | | (11) | | | Gains (losses) on FG VIEs | — | | | — | | | (1) | | | — | | | — | | | — | | | (1) | | Total before tax | (3) | | | (8) | | | (1) | | | — | | | — | | | — | | | (12) | | Tax (provision) benefit | 1 | | | 2 | | | — | | | | | — | | | — | | | 3 | | | Total amount reclassified from AOCI, net of tax | (2) | | | (6) | | | (1) | | | — | | | — | | | — | | | (9) | | | Other comprehensive income (loss) | (223) | | | (11) | | | 1 | | | 19 | | | (1) | | | — | | | (215) | | | Balance, September 30, 2026 | $ | (347) | | | $ | (99) | | | $ | (15) | | | $ | 28 | | | $ | (37) | | | $ | 4 | | | $ | (466) | |
Changes in Accumulated Other Comprehensive Income (Loss) by Component Third Quarter 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Gains (Losses) on Investments with: | | ISCR on
FG VIEs’ Liabilities with Recourse | | Cumulative
Translation
Adjustment | | Cash Flow
Hedge | | Total AOCI | | No Credit Impairment | | Credit Impairment | | | | | | (in millions) | | Balance, June 30, 2025 | $ | (98) | | | $ | (79) | | | $ | (18) | | | $ | (36) | | | $ | 4 | | | $ | (227) | | | Other comprehensive income (loss) before reclassifications | 38 | | | — | | | — | | | 1 | | | — | | | 39 | | | Less: Amounts reclassified from AOCI to: | | | | | | | | | | | | Net realized investment gains (losses) | 1 | | | (11) | | | — | | | — | | | — | | | (10) | | | Fair value gains (losses) on FG VIEs | — | | | — | | | (1) | | | — | | | — | | | (1) | | Total before tax | 1 | | | (11) | | | (1) | | | — | | | — | | | (11) | | Tax (provision) benefit | — | | | 2 | | | — | | | — | | | — | | | 2 | | | Total amount reclassified from AOCI, net of tax | 1 | | | (9) | | | (1) | | | — | | | — | | | (9) | | | Other comprehensive income (loss) | 37 | | | 9 | | | 1 | | | 1 | | | — | | | 48 | | | Balance, September 30, 2025 | $ | (61) | | | $ | (70) | | | $ | (17) | | | $ | (35) | | | $ | 4 | | | $ | (179) | |
Changes in Accumulated Other Comprehensive Income (Loss) by Component Nine Months 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Gains (Losses) on Investments with: | | ISCR on
FG VIEs’ Liabilities with Recourse | | Change in Discount Rates on the LFPB | | Cumulative
Translation
Adjustment | | Cash Flow
Hedge | | Total AOCI | | No Credit Impairment | | Credit Impairment | | | | | | | (in millions) | | Balance, December 31, 2025 | $ | (48) | | | $ | (72) | | | $ | (17) | | | $ | — | | | $ | (35) | | | $ | 4 | | | $ | (168) | | | Other comprehensive income (loss) before reclassifications | (306) | | | (47) | | | — | | | 28 | | | (2) | | | — | | | (327) | | | Less: Amounts reclassified from AOCI to: | | | | | | | | | | | | | | Net realized investment gains (losses) | (10) | | | (26) | | | — | | | — | | | — | | | — | | | (36) | | | Gains (losses) on FG VIEs | — | | | — | | | (2) | | | — | | | — | | | — | | | (2) | | Total before tax | (10) | | | (26) | | | (2) | | | — | | | — | | | — | | | (38) | | Tax (provision) benefit | 3 | | | 6 | | | — | | | — | | | — | | | — | | | 9 | | | Total amount reclassified from AOCI, net of tax | (7) | | | (20) | | | (2) | | | — | | | — | | | — | | | (29) | | | Other comprehensive income (loss) | (299) | | | (27) | | | 2 | | | 28 | | | (2) | | | — | | | (298) | | | Balance, September 30, 2026 | $ | (347) | | | $ | (99) | | | $ | (15) | | | $ | 28 | | | $ | (37) | | | $ | 4 | | | $ | (466) | |
Changes in Accumulated Other Comprehensive Income (Loss) by Component Nine Months 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Gains (Losses) on Investments with: | | ISCR on
FG VIEs’ Liabilities with Recourse | | Cumulative
Translation
Adjustment | | Cash Flow
Hedge | | Total AOCI | | No Credit Impairment | | Credit Impairment | | | | | | (in millions) | | Balance, December 31, 2024 | $ | (235) | | | $ | (99) | | | $ | (18) | | | $ | (37) | | | $ | 4 | | | $ | (385) | | | Other comprehensive income (loss) before reclassifications | 169 | | | 10 | | | (1) | | | 2 | | | — | | | 180 | | | Less: Amounts reclassified from AOCI to: | | | | | | | | | | | | Net realized investment gains (losses) | (5) | | | (24) | | | — | | | — | | | — | | | (29) | | | Fair value gains (losses) on FG VIEs | — | | | — | | | (2) | | | — | | | — | | | (2) | | Total before tax | (5) | | | (24) | | | (2) | | | — | | | — | | | (31) | | Tax (provision) benefit | — | | | 5 | | | — | | | — | | | — | | | 5 | | | Total amount reclassified from AOCI, net of tax | (5) | | | (19) | | | (2) | | | — | | | — | | | (26) | | | Other comprehensive income (loss) | 174 | | | 29 | | | 1 | | | 2 | | | — | | | 206 | | | Balance, September 30, 2025 | $ | (61) | | | $ | (70) | | | $ | (17) | | | $ | (35) | | | $ | 4 | | | $ | (179) | |
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