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Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Rollforward of Common Stock Outstanding
The following table presents a rollforward of outstanding shares:
Six Months Ended June 30, 2025
Common
Stock Issued		Treasury
Stock		Common Stock
Outstanding
(in millions)
Shares, beginning of year1,906.7 (1,300.6)606.1 
Shares issued— 4.1 4.1 
Shares repurchased— (50.4)(50.4)
Shares, end of period1,906.7 (1,346.9)559.8 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents a rollforward of Accumulated other comprehensive income (loss):
(in millions)Unrealized
Appreciation
(Depreciation)
of Fixed Maturity
Securities on Which
Allowance for Credit
Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Change in Fair
Value of Market
Risk Benefits
Attributable to
Changes in
Our Own
Credit Risk		Change in the
discount rates
used to measure
traditional and
limited payment
long-duration
insurance contracts		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Total
Balance, March 31, 2025, net of tax$— $(2,443)$— $74 $(3,328)$(767)$(6,464)
Change in unrealized appreciation (depreciation) of investments*
(7)512 — — — — 505 
Change in other— (9)— — — — (9)
Change in foreign currency translation adjustments
— — — — 414 — 414 
Change in net actuarial loss
— — — — — 2 2 
Change in deferred tax asset (liability)
1 (11)— 1 15 (2)4 
Total other comprehensive income (loss)(6)492 — 1 429 — 916 
Less: Noncontrolling interests— — — — — — — 
Balance, June 30, 2025, net of tax$(6)$(1,951)$— $75 $(2,899)$(767)$(5,548)
Balance, March 31, 2024, net of tax$(66)$(11,702)$(493)$1,535 $(3,329)$(814)$(14,869)
Change in unrealized appreciation (depreciation) of investments*
(19)(1,036)— — — — (1,055)
Change in other— (9)— — — — (9)
Change in fair value of market risk benefits, net— — 159 — — — 159 
Change in discount rates— — — 262 — — 262 
Change in future policy benefits
— 67 — — — — 67 
Change in foreign currency translation adjustments
— — — — 85 — 85 
Change in net actuarial loss
— — — — — 10 10 
Change in prior service cost
— — — — — 1 1 
Change in deferred tax asset (liability)
3 52 (34)(72)13 (2)(40)
Corebridge deconsolidation, net of tax42 8,513 330 (1,583)(88)— 7,214 
Total other comprehensive income26 7,587 455 (1,393)10 9 6,694 
Add: Corebridge noncontrolling interests2 693 38 (120)(3)— 610 
Balance, June 30, 2024, net of tax$(38)$(3,422)$— $22 $(3,322)$(805)$(7,565)
(in millions)Unrealized
Appreciation
(Depreciation)
of Fixed Maturity
Securities on Which
Allowance for Credit
Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Change in Fair
Value of Market
Risk Benefits
Attributable to
Changes in
Our Own
Credit Risk		Change in the
discount rates
used to measure
traditional and
limited payment
long-duration
insurance contracts		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Total
Balance, December 31, 2024, net of tax$(4)$(2,868)$— $68 $(3,521)$(774)$(7,099)
Change in unrealized appreciation (depreciation) of investments
(3)830 — — — — 827 
Change in other— (3)— — — — (3)
Change in discount rates— — — 9 — — 9 
Change in foreign currency translation adjustments— — — — 589 — 589 
Change in net actuarial loss— — — — — 10 10 
Change in deferred tax asset (liability)1 90 — (2)34 (3)120 
Total other comprehensive income (loss)(2)917 — 7 623 7 1,552 
Less: Noncontrolling interests— — — — 1 — 1 
Balance, June 30, 2025, net of tax$(6)$(1,951)$— $75 $(2,899)$(767)$(5,548)
(in millions)Unrealized
Appreciation
(Depreciation)
of Fixed Maturity
Securities on Which
Allowance for Credit
Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Change in Fair
Value of Market
Risk Benefits
Attributable to
Changes in
Our Own
Credit Risk		Change in the
discount rates
used to measure
traditional and
limited payment
long-duration
insurance contracts		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Total
Balance, December 31, 2023, net of tax$(106)$(10,888)$(476)$1,233 $(2,979)$(821)$(14,037)
Change in unrealized appreciation (depreciation) of investments*53 (2,310)— — — — (2,257)
Change in other— (4)— — — — (4)
Change in fair value of market risk benefits, net— — 130 — — — 130 
Change in discount rates— — — 959 — — 959 
Change in future policy benefits— (59)— — — — (59)
Change in foreign currency translation adjustments— — — — (254)— (254)
Change in net actuarial loss— — — — — 17 17 
Change in prior service cost— — — — — 3 3 
Change in deferred tax asset (liability)(12)157 (28)(224)(1)(4)(112)
Corebridge deconsolidation, net of tax42 8,513 330 (1,583)(88)— 7,214 
Total other comprehensive income (loss)83 6,297 432 (848)(343)16 5,637 
Add: Corebridge noncontrolling interests2 610 33 (105)(3)— 537 
Less: Noncontrolling interests17 (559)(11)258 (3)— (298)
Balance, June 30, 2024, net of tax$(38)$(3,422)$— $22 $(3,322)$(805)$(7,565)
*Includes net unrealized gains and losses attributable to businesses held for sale or reclassified to discontinued operations at June 30, 2024.
Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments
The following table presents the other comprehensive income (loss) reclassification adjustments for the three and six months ended June 30, 2025 and 2024, respectively:
(in millions)Unrealized
Appreciation
(Depreciation)
of Fixed Maturity
Securities on Which
Allowance for Credit
Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Change in Fair
Value of Market
Risk Benefits
Attributable to
Changes in Our
Own Credit Risk		Change in the
discount rates
used to measure
traditional and
limited payment
long-duration
insurance contracts		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Total
Three Months Ended June 30, 2025
Unrealized change arising during period$(7)$352 $— $— $414 $(5)$754 
Less: Reclassification adjustments included in net income— (151)— — — (7)(158)
Total other comprehensive income (loss), before income tax expense (benefit)(7)503 — — 414 2 912 
Less: Income tax expense (benefit)(1)11 — (1)(15)2 (4)
Total other comprehensive income (loss), net of income tax expense (benefit)$(6)$492 $— $1 $429 $— $916 
Three Months Ended June 30, 2024
Unrealized change arising during period$(13)$(811)$159 $262 $85 $3 $(315)
Less: Reclassification adjustments included in net income(36)(8,346)(330)1,583 88 (8)(7,049)
Total other comprehensive income (loss), before income tax expense (benefit)23 7,535 489 (1,321)(3)11 6,734 
Less: Income tax expense (benefit)(3)(52)34 72 (13)2 40 
Total other comprehensive income (loss), net of income tax expense (benefit)$26 $7,587 $455 $(1,393)$10 $9 $6,694 
Six Months Ended June 30, 2025
Unrealized change arising during period$(3)$414 $— $9 $589 $(5)$1,004 
Less: Reclassification adjustments included in net income— (413)— — — (15)(428)
Total other comprehensive income (loss), before of income tax expense (benefit)(3)827 — 9 589 10 1,432 
Less: Income tax expense (benefit)(1)(90)— 2 (34)3 (120)
Total other comprehensive income (loss), net of income tax expense (benefit)$(2)$917 $— $7 $623 $7 $1,552 
Six Months Ended June 30, 2024
Unrealized change arising during period$53 $(2,643)$130 $959 $(254)$5 $(1,750)
Less: Reclassification adjustments included in net income(42)(8,783)(330)1,583 88 (15)(7,499)
Total other comprehensive income (loss), before income tax expense (benefit)95 6,140 460 (624)(342)20 5,749 
Less: Income tax expense (benefit)12 (157)28 224 1 4 112 
Total other comprehensive income (loss), net of income tax expense (benefit)$83 $6,297 $432 $(848)$(343)$16 $5,637 
Schedule of Effect of the Reclassification of Significant Items out of Accumulated Other Comprehensive Income on the Respective Line Items in the Consolidated Statements of Income
The following table presents the effect of the reclassification of significant items out of AOCI on the respective line items in the Condensed Consolidated Statements of Income (Loss)(a):
Amount Reclassified from AOCIAffected Line Item in the
Three Months Ended June 30,Condensed Consolidated
(in millions)20252024Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments$— $6 Net realized gains (losses)
Total— 6 
Unrealized appreciation (depreciation) of all other investments
Investments(151)167 Net realized gains (losses)
Total(151)167 
Change in retirement plan liabilities adjustment
Prior-service credit— (1)
(b)
Actuarial losses(7)(7)
(b)
Total(7)(8)
Corebridge deconsolidation, net of tax— (7,214)
(c)
Total reclassifications for the period$(158)$(7,049)
Amount Reclassified from AOCIAffected Line Item in the
Six Months Ended June 30,Condensed Consolidated
(in millions)20252024Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments$— $— Net realized gains (losses)
Total— — 
Unrealized appreciation (depreciation) of all other investments
Investments(413)(270)Net realized gains (losses)
Total(413)(270)
Change in retirement plan liabilities adjustment
Prior-service credit(1)(1)
(b)
Actuarial losses(14)(14)
(b)
Total(15)(15)
Corebridge deconsolidation, net of tax— (7,214)
(c)
Total reclassifications for the period$(428)$(7,499)
(a)The following items are not reclassified out of AOCI and included in the Condensed Consolidated Statements of Income (Loss) and thus have been excluded from the table: (i) Change in fair value of market risk benefits attributable to changes in our own credit risk and (ii) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts.
(b)These AOCI components are included in the computation of net periodic pension cost.
(c)Represents adjustments related to the deconsolidation of Corebridge which is reflected in Income (loss) from discontinued operations, net of taxes. See the rollforward of Accumulated other comprehensive income (loss) above for further details.