v3.25.4
Long-duration Contracts - Schedule of Rollforward of Net Market Risk Benefit Liabilities by Product (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Market Risk Benefit [Roll Forward]      
Beginning balance $ 3,715 $ 3,373 $ 2,489
Effect of changes in instrument-specific credit risk (157) (8) 366
Balance, beginning of period, before changes in instrument-specific credit risk 3,558 3,365 2,855
Issuances 429 295 106
Interest accrual 191 201 157
Attributed fees collected 396 360 338
Benefit payments (70) (56) (34)
Effect of changes in interest rates 7 (658) (91)
Effect of changes in equity (112) (94) (119)
Effect of actual policyholder behavior compared to expected behavior 112 79 72
Effect of changes in future expected policyholder behavior (43) 85 75
Effect of changes in other future expected assumptions (12) (19) 6
Balance, end of period, before changes in instrument-specific credit risk 4,456 3,558 3,365
Effect of changes in instrument-specific credit risk (260) (157) (8)
Ending balance 4,716 3,715 3,373
Less: Reinsurance recoverable 73 37  
Ending balance, net of reinsurance 4,643 3,678  
Traditional Deferred Annuities      
Market Risk Benefit [Roll Forward]      
Beginning balance 190 192 170
Effect of changes in instrument-specific credit risk (3) 2 13
Balance, beginning of period, before changes in instrument-specific credit risk 187 194 183
Issuances 0 0 0
Interest accrual 9 10 10
Attributed fees collected 2 2 2
Benefit payments (4) (4) (2)
Effect of changes in interest rates 5 (18) (1)
Effect of changes in equity 0 0 0
Effect of actual policyholder behavior compared to expected behavior 3 6 5
Effect of changes in future expected policyholder behavior (5) (3) (3)
Effect of changes in other future expected assumptions 3 0 0
Balance, end of period, before changes in instrument-specific credit risk 200 187 194
Effect of changes in instrument-specific credit risk (5) (3) 2
Ending balance 205 190 192
Less: Reinsurance recoverable 0 0  
Ending balance, net of reinsurance 205 190  
Reconciliation of the gross balances in an asset or liability position:      
Net amount at risk $ 422 $ 425 $ 425
Weighted-average attained age of contract holders (in years) 76 years 76 years 75 years
Indexed Annuities      
Market Risk Benefit [Roll Forward]      
Beginning balance $ 3,525 $ 3,181 $ 2,319
Effect of changes in instrument-specific credit risk (154) (10) 353
Balance, beginning of period, before changes in instrument-specific credit risk 3,371 3,171 2,672
Issuances 429 295 106
Interest accrual 182 191 147
Attributed fees collected 394 358 336
Benefit payments (66) (52) (32)
Effect of changes in interest rates 2 (640) (90)
Effect of changes in equity (112) (94) (119)
Effect of actual policyholder behavior compared to expected behavior 109 73 67
Effect of changes in future expected policyholder behavior (38) 88 78
Effect of changes in other future expected assumptions (15) (19) 6
Balance, end of period, before changes in instrument-specific credit risk 4,256 3,371 3,171
Effect of changes in instrument-specific credit risk (255) (154) (10)
Ending balance 4,511 3,525 3,181
Less: Reinsurance recoverable 73 37  
Ending balance, net of reinsurance 4,438 3,488  
Reconciliation of the gross balances in an asset or liability position:      
Net amount at risk $ 17,371 $ 15,441 $ 14,716
Weighted-average attained age of contract holders (in years) 69 years 69 years 69 years