XML 182 R153.htm IDEA: XBRL DOCUMENT v3.25.4
Income Taxes - Schedule of Components of the Net Deferred Tax Asset (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Losses and tax credit carryforwards $ 4,155 $ 4,636
Basis differences on investments 336 30
Accruals not currently deductible, and other 276 150
Investments in foreign subsidiaries 29 19
Loss reserve discount 440 443
Loan loss and other reserves 43 37
Unearned premium reserve reduction 0 46
Fixed assets and intangible assets 271 293
Unrealized losses related to available for sale debt securities 153 618
Employee benefits 163 192
Other 10 39
Total deferred tax assets 5,876 6,503
Deferred tax liabilities:    
Deferred policy acquisition costs (139) (278)
Life policy reserves (43) (45)
Unearned premium reserve reduction (161) 0
Deferred tax liabilities (343) (323)
Net deferred tax assets before valuation allowance 5,533 6,180
Valuation allowance (1,051) (1,650)
Net deferred tax assets $ 4,482 $ 4,530