v3.25.4
INVESTMENTS - Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Appreciation/(Depreciation) and Fair Value of Fixed Maturity Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fixed maturity securities - available for sale      
Amortized Cost $ 34,620 $ 29,934  
Allowance for Credit Losses (68) (36) $ (48)
Unrealized Appreciation 640 167  
Unrealized Depreciation (619) (1,157)  
Fair Value 34,573 28,908  
Fixed maturity securities - held to maturity      
Amortized Cost 573 765  
Allowance for Credit Losses (6) (8)  
Unrealized Appreciation 18 14  
Unrealized Depreciation (9) (12)  
Fair Value 576 759  
U.S. Treasury securities and obligations of U.S. government agencies and corporations      
Fixed maturity securities - available for sale      
Amortized Cost 845 688  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 4 5  
Unrealized Depreciation (19) (24)  
Fair Value 830 669  
Obligations of U.S. States and political subdivisions      
Fixed maturity securities - available for sale      
Amortized Cost 45 75  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 0 0  
Unrealized Depreciation (4) (5)  
Fair Value 41 70  
Corporate securities      
Fixed maturity securities - available for sale      
Amortized Cost 9,913 7,288  
Allowance for Credit Losses (54) (35) (47)
Unrealized Appreciation 206 57  
Unrealized Depreciation (183) (299)  
Fair Value 9,882 7,010  
Fixed maturity securities - held to maturity      
Amortized Cost 166 177  
Allowance for Credit Losses (2) (2)  
Unrealized Appreciation 7 5  
Unrealized Depreciation (1) (4)  
Fair Value 169 175  
Asset-backed securities      
Fixed maturity securities - available for sale      
Amortized Cost 5,094 5,994  
Allowance for Credit Losses (14) 0 0
Unrealized Appreciation 14 28  
Unrealized Depreciation (17) (39)  
Fair Value 5,077 5,982  
Fixed maturity securities - held to maturity      
Amortized Cost 328 484  
Allowance for Credit Losses (3) (4)  
Unrealized Appreciation 5 5  
Unrealized Depreciation (8) (8)  
Fair Value 322 477  
Agency commercial      
Fixed maturity securities - available for sale      
Amortized Cost 404 0  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 9 0  
Unrealized Depreciation (2) 0  
Fair Value 412 0  
Non-agency commercial      
Fixed maturity securities - available for sale      
Amortized Cost 1,151 965  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 4 1  
Unrealized Depreciation (33) (66)  
Fair Value 1,121 900  
Agency residential      
Fixed maturity securities - available for sale      
Amortized Cost 5,544 5,205  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 82 13  
Unrealized Depreciation (161) (287)  
Fair Value 5,465 4,931  
Non-agency residential      
Fixed maturity securities - available for sale      
Amortized Cost 1,689 1,291  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 32 9  
Unrealized Depreciation (1) (11)  
Fair Value 1,721 1,289  
Foreign government securities      
Fixed maturity securities - available for sale      
Amortized Cost 2,400 2,330  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 36 13  
Unrealized Depreciation (64) (147)  
Fair Value 2,371 2,196  
Agency commercial      
Fixed maturity securities - available for sale      
Fair Value   900  
Fixed maturity securities - held to maturity      
Amortized Cost 0 21  
Allowance for Credit Losses 0 0  
Unrealized Appreciation 0 0  
Unrealized Depreciation 0 0  
Fair Value 0 21  
Foreign corporate securities      
Fixed maturity securities - available for sale      
Amortized Cost 7,535 6,099  
Allowance for Credit Losses 0 0 $ (1)
Unrealized Appreciation 253 42  
Unrealized Depreciation (135) (279)  
Fair Value 7,653 5,861  
Fixed maturity securities - held to maturity      
Amortized Cost 79 84  
Allowance for Credit Losses (1) (1)  
Unrealized Appreciation 6 4  
Unrealized Depreciation 0 0  
Fair Value $ 84 $ 86