Separate Accounts (Tables)

12 Months Ended

Dec. 31, 2025

Insurance [Abstract]

Separate Account, Liability

Information regarding separate account liabilities was as follows:

	Years Ended December 31,
	2025						2024						2023
	Variable Annuities		Universal Life Insurance		Company-Owned Life Insurance		Variable Annuities		Universal Life Insurance		Company-Owned Life Insurance		Variable Annuities		Universal Life Insurance		Company-Owned Life Insurance
	(In millions)
Balance, beginning of year	$	74,483	$	2,484	$	1,799	$	77,086	$	2,276	$	2,148	$	74,845	$	1,970	$	1,919
Premiums and deposits	974		73		—		828		80		—		762		84		—
Surrenders and withdrawals	(7,885)		(89)		(32)		(7,836)		(80)		(21)		(6,073)		(68)		(20)
Benefit payments	(1,652)		(33)		(35)		(1,511)		(25)		(22)		(1,391)		(18)		(28)
Investment performance	9,628		350		245		8,150		346		251		11,071		405		327
Policy charges	(2,001)		(80)		(63)		(2,109)		(81)		(62)		(2,098)		(78)		(58)
Net transfers from (to) general account	(107)		(18)		524		(102)		(32)		(500)		(14)		(18)		(1)
Other	(24)		—		9		(23)		—		5		(16)		(1)		9
Balance, end of year	$	73,416	$	2,687	$	2,447	$	74,483	$	2,484	$	1,799	$	77,086	$	2,276	$	2,148

A reconciliation of separate account liabilities reported in the preceding rollforward table to the separate account liabilities balance on the consolidated balance sheets was as follows at:

	December 31,
	2025		2024
	(In millions)
Separate account liabilities reported in the preceding rollforward table	$	78,550	$	78,766
Variable income annuities	249		217
Pension risk transfer annuities	26		23
Total separate account liabilities	$	78,825	$	79,006

Fair Value, Separate Account Investment

The aggregate estimated fair value of assets, by major investment asset category, supporting separate accounts was as follows at:

	December 31,
	2025		2024
	(In millions)
Equity securities	$	78,611	$	78,793
Fixed maturity securities	211		207
Cash and cash equivalents	—		2
Other assets	3		4
Total aggregate estimated fair value of assets	$	78,825	$	79,006

Guarantees related to Annuity, Universal and Variable Life Contracts

Information regarding the net amount at risk and cash surrender value for insurance products was as follows at:

	Universal Life Insurance		Variable Annuities		Index-linked Annuities		Fixed Rate Annuities		ULSG		Company-Owned Life Insurance
	(In millions)
December 31, 2025
Account balances reported in the preceding rollforward tables:
Policyholder account balances	$	2,077	$	3,264	$	52,594	$	13,252	$	4,461	$	646
Separate account liabilities	2,687		73,416		—		—		—		2,447
Total account balances	$	4,764	$	76,680	$	52,594	$	13,252	$	4,461	$	3,093
Net amount at risk	$	19,904	$	11,864	N/A		N/A		$	61,647	$	2,603
Cash surrender value	$	4,553	$	76,347	$	52,999	$	13,275	$	4,074	$	2,891
December 31, 2024
Account balances reported in the preceding rollforward tables:
Policyholder account balances	$	2,028	$	3,667	$	48,605	$	14,665	$	4,779	$	1,166
Separate account liabilities	2,484		74,483		—		—		—		1,799
Total account balances	$	4,512	$	78,150	$	48,605	$	14,665	$	4,779	$	2,965
Net amount at risk	$	20,958	$	12,757	N/A		N/A		$	63,580	$	2,649
Cash surrender value	$	4,303	$	77,761	$	47,013	$	14,361	$	4,316	$	2,134
December 31, 2023
Account balances reported in the preceding rollforward tables:
Policyholder account balances	$	1,980	$	4,111	$	41,627	$	14,672	$	5,052	$	653
Separate account liabilities	2,276		77,086		—		—		—		2,148
Total account balances	$	4,256	$	81,197	$	41,627	$	14,672	$	5,052	$	2,801
Net amount at risk	$	22,214	$	13,156	N/A		N/A		$	65,299	$	2,644
Cash surrender value	$	4,049	$	80,756	$	39,270	$	14,068	$	4,498	$	2,579