v3.26.1
Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of amounts related to each component of OCI
The following table presents the amounts related to each component of OCI:
Three Months Ended June 30,
20262025
PretaxIncome Tax Benefit (Expense)Net of TaxPretaxIncome Tax Benefit (Expense)Net of Tax
(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)
$(39)$(4)$(43)$233 $(54)$179 
Reclassification of net (gains) losses on securities included in net income (2)
9 (2)7 15 (3)12 
Impact of benefit reserves and reinsurance recoverables15 (3)12 2 (1)1 
Net unrealized gains (losses) on securities(15)(9)(24)250 (58)192 
Net unrealized gains (losses) on derivatives:
Net unrealized gains (losses) on derivatives arising during the period— — — (1)— (1)
Net unrealized gains (losses) on derivatives— — — (1)— (1)
Effect of changes in discount rate assumptions on certain long-duration contracts(6)1 (5)(15)3 (12)
Effect of changes in instrument-specific credit risk on MRBs(38)8 (30)1 — 1 
Foreign currency translation(11)(1)(12)107 (4)103 
Total other comprehensive income (loss)$(70)$(1)$(71)$342 $(59)$283 
Six Months Ended June 30,
20262025
PretaxIncome Tax Benefit (Expense)Net of TaxPretaxIncome Tax Benefit (Expense)Net of Tax
(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)
$(531)$103 $(428)$724 $(164)$560 
Reclassification of net (gains) losses on securities included in net income (2)
6 (1)5 10 (2)8 
Impact of benefit reserves and reinsurance recoverables21 (4)17 (2)— (2)
Net unrealized gains (losses) on securities(504)98 (406)732 (166)566 
Net unrealized gains (losses) on derivatives:
Net unrealized gains (losses) on derivatives arising during the period
— — — (11)2 (9)
Net unrealized gains (losses) on derivatives— — — (11)2 (9)
Effect of changes in discount rate assumptions on certain long-duration contracts77 (17)60 (53)11 (42)
Effect of changes in instrument-specific credit risk on MRBs— — — 2 — 2 
Foreign currency translation(39)1 (38)159 (4)155 
Total other comprehensive income (loss)$(466)$82 $(384)$829 $(157)$672 
(1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.
(2) Reclassification amounts are recorded in Net investment income.
Schedule of changes in the balances of each component of AOCI
The following table presents the changes in the balances of each component of AOCI, net of tax:
Net Unrealized Gains (Losses)
on Securities		Net Unrealized Gains (Losses)
on Derivatives		Effect of Changes in Discount Rate Assumptions on Certain Long-Duration ContractsEffect of Changes in Instrument-Specific Credit Risk on MRBsDefined
Benefit Plans		Foreign Currency TranslationOtherTotal
(in millions)
Balance at April 1, 2026
$(890)$(4)$20$(97)$(31)$(203)$—$(1,205)
OCI before reclassifications(31)—(5)(30)—(12)—(78)
Amounts reclassified from AOCI7——————7
Total OCI(24)—(5)(30)—(12)—(71)
Balance at June 30, 2026
$(914)$(4)$15$(127)$(31)$(215)$—$(1,276)
Balance at April 1, 2025
$(1,078)$(3)$(3)$(146)$(45)$(243)$(1)$(1,519)
OCI before reclassifications180(1)(12)1—103—271
Amounts reclassified from AOCI12——————12
Total OCI192(1)(12)1—103—283
Balance at June 30, 2025
$(886)$(4)$(15)$(145)$(45)$(140)$(1)$(1,236)
Balance at January 1, 2026
$(508)$(4)$(45)$(127)$(31)$(177)$—$(892)
OCI before reclassifications(411)—60——(38)—(389)
Amounts reclassified from AOCI5——————5
Total OCI(406)—60——(38)—(384)
Balance at June 30, 2026
$(914)$(4)$15$(127)$(31)$(215)$—$(1,276)
Balance at January 1, 2025
$(1,452)$5$27$(147)$(45)$(295)$(1)$(1,908)
OCI before reclassifications558(9)(42)2—155—664
Amounts reclassified from AOCI8——————8
Total OCI566(9)(42)2—155—672
Balance at June 30, 2025
$(886)$(4)$(15)$(145)$(45)$(140)$(1)$(1,236)