Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in the Components of AOCI

Changes in the components of AOCI were as follows:

	Three Months Ended March 31,
(In millions)	2025		2024
Securities and Derivatives
Beginning balance	$	832	$	171
Unrealized (depreciation) appreciation on securities and derivatives, before reclassification, net of tax benefit (expense) of $49 and $(39), respectively	(134)		104
Amounts reclassified to Shareholders' net income (loss), net of tax (benefit) of $(9) and $(5), respectively	34		17
Other comprehensive (loss) income, net of tax	(100)		121
Ending balance	$	732	$	292
Net long-duration insurance and contractholder liabilities measurement adjustments
Beginning balance	$	(2,038)	$	(971)
Net current period change in discount rate for certain long-duration liabilities, before reclassification, net of tax benefit of $33 and $186, respectively	(108)		(546)
Amounts reclassified to Shareholders' net income (loss), net of tax expense of $16 and $—, respectively	(56)		—
Net current period change in discount rate for certain long-duration liabilities, net of tax benefit of $49 and $186, respectively	(164)		(546)
Net current period change in instrument-specific credit risk for market risk benefits, net of tax benefit of $1 and $4, respectively	(4)		(14)
Other comprehensive (loss), net of tax	(168)		(560)
Ending balance	$	(2,206)	$	(1,531)
Translation of foreign currencies
Beginning balance	$	(198)	$	(149)
Net translation of foreign currencies, before reclassification, net of tax (expense) of $(6) and $(2), respectively	13		(26)
Ending balance	$	(185)	$	(175)
Postretirement benefits liability
Beginning balance	$	(937)	$	(915)
Amounts reclassified to Shareholders' net income, net of tax (benefit) of $(2) and $(3), respectively	6		5
Ending balance	$	(931)	$	(910)
Total Accumulated other comprehensive loss
Beginning balance	$	(2,341)	$	(1,864)
Shareholders' other comprehensive (loss), net of tax benefit of $82 and $141, respectively	(249)		(460)
Ending balance	$	(2,590)	$	(2,324)