Accumulated Other Comprehensive Income (Loss) by Component (Tables)

9 Months Ended

Sep. 30, 2025

The tables below display the changes in Accumulated other comprehensive income (loss) by component.


(In millions)	Net unrealized gains (losses) on investments with an allowance for credit losses		Net unrealized gains (losses) on other investments		Pension and postretirement benefits		Cumulative impact of changes in discount rates used to measure long duration contracts		Cumulative foreign currency translation adjustment		Total


Balance as of July 1, 2025	$	(15)	$	(1,521)	$	(188)	$	236	$	(98)	$	(1,586)
Other comprehensive income (loss) before reclassifications	(1)		554		—		(150)		(38)		365
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $2, $—, $—, $—, $— and $2	(4)		(4)		(2)		—		—		(10)
Other comprehensive income (loss) net of tax (expense) benefit of $(1), $(148), $—, $40, $— and $(109)	3		558		2		(150)		(38)		375
Balance as of September 30, 2025	$	(12)	$	(963)	$	(186)	$	86	$	(136)	$	(1,211)


(In millions)	Net unrealized gains (losses) on investments with an allowance for credit losses		Net unrealized gains (losses) on other investments		Pension and postretirement benefits		Cumulative impact of changes in discount rates used to measure long duration contracts		Cumulative foreign currency translation adjustment		Total


Balance as of July 1, 2024	$	(10)	$	(2,074)	$	(513)	$	255	$	(205)	$	(2,547)
Other comprehensive income (loss) before reclassifications	(9)		1,254		—		(623)		63		685
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $2, $3, $3, $—, $— and $8	(6)		(11)		(8)		—		—		(25)
Other comprehensive income (loss) net of tax (expense) benefit of $1, $(340), $(3), $165, $— and $(177)	(3)		1,265		8		(623)		63		710
Balance as of September 30, 2024	$	(13)	$	(809)	$	(505)	$	(368)	$	(142)	$	(1,837)


(In millions)	Net unrealized gains (losses) on investments with an allowance for credit losses		Net unrealized gains (losses) on other investments		Pension and postretirement benefits		Cumulative impact of changes in discount rates used to measure long duration contracts		Cumulative foreign currency translation adjustment		Total


Balance as of January 1, 2025	$	(13)	$	(1,876)	$	(191)	$	353	$	(264)	$	(1,991)
Other comprehensive income (loss) before reclassifications	(11)		873		—		(267)		128		723
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $4, $11, $1, $—, $— and $16	(12)		(40)		(5)		—		—		(57)
Other comprehensive income (loss) net of tax (expense) benefit of $—, $(244), $(1), $71, $— and $(174)	1		913		5		(267)		128		780
Balance as of September 30, 2025	$	(12)	$	(963)	$	(186)	$	86	$	(136)	$	(1,211)


(In millions)	Net unrealized gains (losses) on investments with an allowance for credit losses		Net unrealized gains (losses) on other investments		Pension and postretirement benefits		Cumulative impact of changes in discount rates used to measure long duration contracts		Cumulative foreign currency translation adjustment		Total
Balance as of January 1, 2024	$	(12)	$	(1,613)	$	(525)	$	(359)	$	(163)	$	(2,672)
Other comprehensive income (loss) before reclassifications	(14)		765		—		(9)		21		763
Amounts reclassified from accumulated other comprehensive income (loss) net of tax (expense) benefit of $4, $10, $5, $—, $— and $19	(13)		(39)		(20)		—		—		(72)
Other comprehensive income (loss) net of tax (expense) benefit of $—, $(216), $(5), $2, $— and $(219)	(1)		804		20		(9)		21		835
Balance as of September 30, 2024	$	(13)	$	(809)	$	(505)	$	(368)	$	(142)	$	(1,837)

Amounts reclassified from Accumulated other comprehensive income (loss) shown above are reported in Net income (loss) as follows:


Component of AOCI						Condensed Consolidated Statements of Operations Line Item Affected by Reclassifications
Net unrealized gains (losses) on investments with an allowance for credit losses and Net unrealized gains (losses) on other investments						Net investment gains (losses)
Pension and postretirement benefits						Other operating expenses and Insurance claims and policyholders' benefits