Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2025

The tables below present the changes in AOCI by component for the years ended December 31, 2023, 2024 and 2025:


	Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses		Net Unrealized Gains (Losses) on Other Investments		Cumulative impact of changes in discount rates used to measure long duration contracts		Unrealized Gains (Losses) on Cash Flow Hedges		Pension and Postretirement Benefits		Foreign Currency Translation		Total Accumulated Other Comprehensive Income (Loss)
(In millions)

Balance, January 1, 2023	$	(7)	$	(2,469)	$	(36)	$	14	$	(622)	$	(200)	$	(3,320)
Other comprehensive income (loss) before reclassifications, after tax of $6, $(290), $85, $2, $(10) and $0	(24)		1,072		(318)		(5)		41		60		826
Reclassification of (gains) losses from accumulated other comprehensive loss, after tax of $(5), $(14), $0, $0, $(18) and $0	19		53						63				135
Other comprehensive income (loss)	(5)		1,125		(318)		(5)		104		60		961
Amounts attributable to noncontrolling interests			(93)		26				(5)		(5)		(77)
Purchase of CNA shares			(46)		(1)				(10)		(4)		(61)
Balance, December 31, 2023	$	(12)	$	(1,483)	$	(329)	$	9	$	(533)	$	(149)	$	(2,497)




Other comprehensive income (loss) before reclassifications, after tax of $9, $81, $(189), $(1), $(6) and $1	(34)		(309)		712				22		(102)		289
Reclassification of (gains) losses from accumulated other comprehensive loss, after tax of $(9), $(13), $0, $0, $(86) and $0	33		47						318				398
Other comprehensive income (loss)	(1)		(262)		712		—		340		(102)		687
Amounts attributable to noncontrolling interests			22		(59)				(28)		8		(57)
Other			3						(3)				—
Balance, December 31, 2024	$	(13)	$	(1,720)	$	324	$	9	$	(224)	$	(243)	$	(1,867)


Other comprehensive income (loss) before reclassifications, after tax of $5, $(226), $43, $5, $(4) and $0	(22)		841		(161)		(7)		13		144		808
Reclassification of losses from accumulated other comprehensive loss, after tax of $(5), $(12), $0, $0, $1 and $0	20		46						1				67
Other comprehensive income (loss)	(2)		887		(161)		(7)		14		144		875
Amounts attributable to noncontrolling interests			(73)		13				(2)		(12)		(74)
Other			(1)										(1)
Balance, December 31, 2025	$	(15)	$	(907)	$	176	$	2	$	(212)	$	(111)	$	(1,067)

Summary of Amount Reclassification From AOCI

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


Major Category of AOCI			Affected Line Item

Net unrealized gains (losses) on investments with an allowance for credit losses and Net unrealized gains (losses) on other investments			Investment gains (losses)
Unrealized gains (losses) on cash flow hedges			Operating revenues and other, Interest expense and Operating expenses and other
Pension and postretirement benefits			Operating expenses and other