v3.26.3
Fair Value Measurement - Financial Instruments Carried at Fair Value (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets:    
Fixed-maturity securities, available for sale $ 6,506 $ 6,369
Fixed-maturity securities, trading 85 124
Short-term investments, at fair value 950 903
Other invested assets fair value 3 3
Funds withheld, at fair value 267 0
Total assets carried at fair value 8,149 7,912
FG VIEs’ assets, measurement input   167
Other assets 180 174
Liabilities:    
Other liabilities. fair value disclosure 24 21
Total liabilities carried at fair value 164 218
Variable Interest Entity, Primary Beneficiary    
Assets:    
Total assets carried at fair value 158 172
Liabilities:    
Total liabilities carried at fair value 140 197
Obligations of state and political subdivisions    
Assets:    
Fixed-maturity securities, available for sale 1,350 1,769
U.S. government and agencies    
Assets:    
Fixed-maturity securities, available for sale 43 52
Corporate securities    
Assets:    
Fixed-maturity securities, available for sale 3,276 2,952
RMBS    
Assets:    
Fixed-maturity securities, available for sale 689 615
CMBS    
Assets:    
Fixed-maturity securities, available for sale 266 198
Asset-backed securities    
Assets:    
Fixed-maturity securities, available for sale 658 665
Non-U.S. government securities    
Assets:    
Fixed-maturity securities, available for sale 224 118
Level 1    
Assets:    
Fixed-maturity securities, available for sale 0 0
Fixed-maturity securities, trading 0 0
Short-term investments, at fair value 945 898
Other invested assets fair value 0 0
Funds withheld, at fair value 0  
Total assets carried at fair value 1,038 994
FG VIEs’ assets, measurement input   0
Other assets 81 81
Liabilities:    
Other liabilities. fair value disclosure 0 0
Total liabilities carried at fair value 0 0
Level 1 | Variable Interest Entity, Primary Beneficiary    
Assets:    
Total assets carried at fair value 12 15
Liabilities:    
Total liabilities carried at fair value 0 0
Level 1 | Obligations of state and political subdivisions    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 1 | U.S. government and agencies    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 1 | Corporate securities    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 1 | RMBS    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 1 | CMBS    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 1 | Asset-backed securities    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 1 | Non-U.S. government securities    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 2    
Assets:    
Fixed-maturity securities, available for sale 5,691 5,536
Fixed-maturity securities, trading 82 120
Short-term investments, at fair value 5 5
Other invested assets fair value 0 0
Funds withheld, at fair value 0  
Total assets carried at fair value 5,861 5,733
FG VIEs’ assets, measurement input   0
Other assets 75 65
Liabilities:    
Other liabilities. fair value disclosure 4 0
Total liabilities carried at fair value 4 0
Level 2 | Variable Interest Entity, Primary Beneficiary    
Assets:    
Total assets carried at fair value 8 7
Liabilities:    
Total liabilities carried at fair value 0 0
Level 2 | Obligations of state and political subdivisions    
Assets:    
Fixed-maturity securities, available for sale 1,341 1,759
Level 2 | U.S. government and agencies    
Assets:    
Fixed-maturity securities, available for sale 43 52
Level 2 | Corporate securities    
Assets:    
Fixed-maturity securities, available for sale 3,118 2,784
Level 2 | RMBS    
Assets:    
Fixed-maturity securities, available for sale 542 471
Level 2 | CMBS    
Assets:    
Fixed-maturity securities, available for sale 249 198
Level 2 | Asset-backed securities    
Assets:    
Fixed-maturity securities, available for sale 174 154
Level 2 | Non-U.S. government securities    
Assets:    
Fixed-maturity securities, available for sale 224 118
Level 3    
Assets:    
Fixed-maturity securities, available for sale 815 833
Fixed-maturity securities, trading 3 4
Short-term investments, at fair value 0 0
Other invested assets fair value 3 3
Funds withheld, at fair value 267  
Total assets carried at fair value 1,250 1,185
FG VIEs’ assets, measurement input   167
Other assets 24 28
Liabilities:    
Other liabilities. fair value disclosure 20 21
Total liabilities carried at fair value 160 218
Level 3 | Variable Interest Entity, Primary Beneficiary    
Assets:    
Total assets carried at fair value 138 150
Liabilities:    
Total liabilities carried at fair value 140 197
Level 3 | Obligations of state and political subdivisions    
Assets:    
Fixed-maturity securities, available for sale 9 10
Level 3 | U.S. government and agencies    
Assets:    
Fixed-maturity securities, available for sale 0 0
Level 3 | Corporate securities    
Assets:    
Fixed-maturity securities, available for sale 158 168
Level 3 | RMBS    
Assets:    
Fixed-maturity securities, available for sale 147 144
Level 3 | CMBS    
Assets:    
Fixed-maturity securities, available for sale 17 0
Level 3 | Asset-backed securities    
Assets:    
Fixed-maturity securities, available for sale 484 511
Level 3 | Non-U.S. government securities    
Assets:    
Fixed-maturity securities, available for sale $ 0 $ 0