Shares and Stockholder's Equity (Tables)

6 Months Ended

Jun. 30, 2026

Stockholders' Equity Note [Abstract]

The following summarizes the components and changes in AOCI (in millions):


	For the Six Months Ended June 30,
	2026		2025
Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain
Other Investments
Balance as of beginning-of-year	$	(2,482)	$	(3,655)
Unrealized holding gains (losses)	(750)		972
Change in foreign currency exchange rate adjustment	(91)		482
Change in future contract benefits and policyholder account balances,
net of reinsurance	336		(473)
Income tax benefit (expense)	107		(207)
Less:
Reclassification adjustment for gains (losses) included in net income (loss)	4		(12)
Income tax benefit (expense)	(1)		3
Balance as of end-of-period	$	(2,883)	$	(2,872)





Unrealized Gain (Loss) on Derivative Instruments
Balance as of beginning-of-year	$	213	$	402
Unrealized holding gains (losses)	(5)		191
Change in foreign currency exchange rate adjustment	87		(474)
Income tax benefit (expense)	(17)		60
Less:
Reclassification adjustment for gains (losses) included in net income (loss)	32		31
Income tax benefit (expense)	(7)		(7)
Balance as of end-of-period	$	253	$	155
Market Risk Benefit Non-Performance Risk Gain (Loss)
Balance as of beginning-of-year	$	(261)	$	145
OCI before reclassification	46		(42)
Income tax benefit (expense)	(9)		9
Balance as of end-of-period	$	(224)	$	112
Policyholder Liability Discount Rate Remeasurement Gain (Loss)
Balance as of beginning-of-year	$	589	$	795
OCI before reclassification	46		(161)
Income tax benefit (expense)	(10)		34
Balance as of end-of-period	$	625	$	668





Funded Status of Employee Benefit Plans
Balance as of beginning-of-year	$	(14)	$	(17)


Balance as of end-of-period	$	(14)	$	(17)

Schedule of Reclassifications Out of AOCI

The following summarizes the reclassifications out of AOCI (in millions) and the associated line item on the Consolidated Statements of Comprehensive Income (Loss):


	For the Six Months Ended June 30,
	2026		2025
Unrealized Gain (Loss) on Fixed Maturity AFS
Securities and Certain Other Investments
Reclassification	$	(10)	$	(19)	Realized gain (loss)
Associated change in future contract benefits	14		7		Benefits
Reclassification before income tax benefit (expense)	4		(12)		Income (loss) before taxes
Income tax benefit (expense)	(1)		3		Federal income tax expense (benefit)
Reclassification, net of income tax	$	3	$	(9)	Net income (loss)

Unrealized Gain (Loss) on Derivative Instruments

Foreign currency contracts	31		27		Net investment income
Foreign currency contracts	1		3		Realized gain (loss)
Reclassification before income tax benefit (expense)	32		31		Income (loss) before taxes
Income tax benefit (expense)	(7)		(7)		Federal income tax expense (benefit)
Reclassification, net of income tax	$	25	$	24	Net income (loss)