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Investments (Tables)
12 Months Ended
Dec. 31, 2025
Investments [Abstract]  
Schedule of Current and Long-Term Investments, Available-For-Sale
A summary of current and long-term fixed maturity securities, available-for-sale, at December 31, 2025 and 2024 is as follows:
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance For Credit LossesEstimated
Fair Value
 
December 31, 2025
Fixed maturity securities:
United States Government securities$1,512 $10 $(19)$— $1,503 
Government sponsored securities80 (1)— 81 
Foreign government securities13 — — — 13 
States, municipalities and political subdivisions, tax-exempt3,701 76 (74)(2)3,701 
Corporate securities13,498 419 (130)(4)13,783 
Residential mortgage-backed securities3,203 43 (136)(3)3,107 
Commercial mortgage-backed securities
2,078 28 (31)(2)2,073 
 Other asset-backed securities2,804 53 (103)(10)2,744 
Total fixed maturity securities$26,889 $631 $(494)$(21)$27,005 
December 31, 2024
Fixed maturity securities:
United States Government securities$1,907 $$(85)$— $1,824 
Government sponsored securities156 — (5)— 151 
Foreign government securities19 — (2)— 17 
States, municipalities and political subdivisions, tax-exempt
3,142 33 (123)— 3,052 
Corporate securities14,095 192 (367)(4)13,916 
Residential mortgage-backed securities3,274 13 (236)— 3,051 
Commercial mortgage-backed securities
1,801 (60)(1)1,748 
Other asset-backed securities2,534 36 (92)(1)2,477 
Total fixed maturity securities$26,928 $284 $(970)$(6)$26,236 
Schedule of Aggregate Fair Value and Gross Unrealized Loss of Fixed Maturity Securities in an Unrealized Loss Position
For fixed maturity securities in an unrealized loss position at December 31, 2025 and 2024, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position.
 Less than 12 Months12 Months or Greater
 Number of
Securities
Estimated
Fair Value
Gross
Unrealized
Loss
Number of
Securities
Estimated
Fair Value
Gross
Unrealized
Loss
(Securities are whole amounts)      
December 31, 2025
Fixed maturity securities:
United States Government securities18$460 $(3)17$167 $(16)
Government sponsored securities4— — 1629 (1)
Foreign government securities1— 2— 
States, municipalities and political subdivisions, tax-exempt
213486 (8)522848 (66)
Corporate securities5681,398 (22)8391,397 (108)
Residential mortgage-backed securities169282 (4)1,1641,012 (132)
Commercial mortgage-backed securities80308 (6)212479 (25)
Other asset-backed securities154657 (28)174275 (75)
Total fixed maturity securities1,207$3,594 $(71)2,946$4,208 $(423)
December 31, 2024
Fixed maturity securities:
United States Government securities
40 $1,240 $(52)25 $330 $(33)
Government sponsored securities
10 89 (2)36 42 (3)
Foreign government securities15 (1)(1)
States, municipalities and political subdivisions, tax-exempt
527 1,092 (22)661 943 (101)
Corporate securities
1,415 4,717 (92)1,317 2,645 (275)
Residential mortgage-backed securities
306 1,097 (25)1,312 1,291 (211)
Commercial mortgage-backed securities
136 670 (15)297 661 (45)
Other asset-backed securities123 293 (9)236 735 (83)
Total fixed maturity securities2,559 $9,213 $(218)3,886 $6,649 $(752)
Schedule of Amortized Cost and Fair Value of Fixed Maturity Securities, By Contractual Maturity
The amortized cost and fair value of fixed maturity securities at December 31, 2025, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations.
Amortized
Cost
Estimated
Fair Value
Due in one year or less$241 $238 
Due after one year through five years4,271 4,305 
Due after five years through ten years10,502 10,697 
Due after ten years6,594 6,585 
Mortgage-backed securities5,281 5,180 
Total fixed maturity securities$26,889 $27,005 
Schedule of Marketable Equity Securities
A summary of current equity securities at December 31, 2025 and 2024 is as follows:
December 31, 2025December 31, 2024
Equity Securities:
Exchange traded funds$650 $1,002 
Common equity securities35 118 
Private equity securities55 72 
Total$740 $1,192 
Schedule of Investment Income
The major categories of net investment income for the years ended December 31, 2025, 2024 and 2023 are as follows:
202520242023
Fixed maturity securities$1,437 $1,539 $1,387 
Equity securities42 40 18 
Cash equivalents270 235 305 
Other invested assets482 274 157 
Investment income2,231 2,088 1,867 
Investment expenses(37)(37)(42)
Net investment income$2,194 $2,051 $1,825 
Schedule of Net Investment Gains (Losses)
Net investment gains (losses) for the years ended December 31, 2025, 2024 and 2023 are as follows:
202520242023
Net gains (losses):
Fixed maturity securities:
Gross realized gains from sales$123 $158 $47 
Gross realized losses from sales(236)(479)(488)
Impairment losses recognized in income(21)(17)(15)
Net realized gains (losses) on fixed maturity securities
(134)(338)(456)
Equity securities:
Unrealized gains (losses) recognized on equity securities still held
(7)(6)(1)
Net realized gains (losses) recognized on equity securities sold
(8)(9)
Net realized gains (losses) on equity securities
(15)(15)
Other investments:
Gross gains43 49 103 
Gross losses(110)(25)(63)
Impairment losses recognized in income(435)(126)(291)
Net gains (losses) on other investments
(502)(102)(251)
Net gains (losses) on investments
$(651)$(455)$(702)