Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2025		Dec. 31, 2024
Investments and cash:
Fixed maturity securities, available-for-sale		$ 64,121		$ 65,269
Fixed maturity securities, held-to-maturity		16,120	[1]	15,966
Equity securities		887		796
Commercial mortgage and other loans		9,765		10,869
Other investments		6,622		5,958
Cash and cash equivalents		6,245		6,229
Total investments and cash		103,760		105,087
Receivables		835		779
Accrued investment income		718		710
Deferred policy acquisition costs		9,034		8,758
Property and equipment, at cost less accumulated depreciation		351		387
Other		1,772		1,845
Total assets		116,470		117,566
Policy liabilities:
Future policy benefits		62,320		70,381
Unpaid policy claims		495		381
Unearned premiums		1,323		1,286
Other policyholders’ funds		5,445		5,460
Total policy liabilities		69,583		77,508
Income taxes		1,368		573
Payables for return of cash collateral on loaned securities		3,989		2,037
Notes payable and lease obligations		8,409		7,498
Other		3,631		3,852
Total liabilities		86,980		91,468
Commitments and contingent liabilities (Note 15)
Shareholders’ equity:
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2025 and 2024; issued 1,357,909 shares in 2025 and 1,356,763 shares in 2024		136		136
Additional paid-in capital		3,024		2,894
Retained earnings		54,682		52,277
Accumulated other comprehensive income (loss):
Unrealized foreign currency translation gains (losses)		(4,847)		(4,998)
Unrealized gains (losses) on fixed maturity securities		(1,809)		24
Unrealized gains (losses) on derivatives		(13)		(20)
Effect of changes in discount rate assumptions		8,035		2,006
Pension liability adjustment		86		10
Treasury stock, at average cost		(29,804)		(26,231)
Total shareholders’ equity		29,490		26,098
Total liabilities and shareholders’ equity		116,470		117,566
Consolidated Entity Excluding Variable Interest Entities (VIE)
Investments and cash:
Fixed maturity securities, available-for-sale		60,485		61,841
Variable Interest Entity, Consolidated
Investments and cash:
Fixed maturity securities, available-for-sale		3,636		3,428
Commercial mortgage and other loans		7,896		8,693
Other investments	[2]	2,320		2,176
Total assets		13,897		14,350
Policy liabilities:
Total liabilities		$ 765		$ 604

[1] Net of allowance for credit losses

[2] Consists entirely of alternative investments in limited partnerships, which represent VIEs where the Company is not the primary beneficiary and therefore are not consolidated