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Investment gains (losses) (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of investment gains (losses)

Investment gains (losses) are summarized as follows (in millions).

 

First Quarter

 

 

2025

 

 

2024

 

Investment gains (losses):

 

 

 

 

 

Equity securities:

 

 

 

 

 

Increase (decrease) in unrealized investment gains during the
     period on securities held at the end of the period

$

(6,775

)

 

$

3,982

 

Investment gains (losses) on securities sold during the period

 

371

 

 

 

(2,104

)

 

(6,404

)

 

 

1,878

 

Fixed maturity securities:

 

 

 

 

 

Gross realized gains

 

8

 

 

 

13

 

Gross realized losses

 

(47

)

 

 

(12

)

Other

 

8

 

 

 

(3

)

 

$

(6,435

)

 

$

1,876