Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Investments:
Fixed maturities, AFS, at fair value (amortized cost of $46,051 and $44,538, and ACL of $14 and $16)	$ 45,203	$ 42,567
Fixed maturities, at fair value using the fair value option ("FVO Securities")	191	308
Equity securities, at fair value [1]	570	603
Mortgage loans (net of ACL of $49 and $44)	6,619	6,396
Limited partnerships and other alternative investments	5,560	5,042
Other investments	206	226
Short-term investments	4,219	4,068
Total investments	62,568	59,210
Cash	150	183
Restricted cash	56	51
Accrued Investment Income Receivable	472	450
Premiums receivable and agents' balances (net of ACL of $138 and $117)	6,555	5,998
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $76 and $75)	7,091	7,140
Deferred policy acquisition costs	1,379	1,239
Deferred income taxes, net	866	1,229
Goodwill	1,911	1,911
Property and equipment, net	925	888
Other intangible assets, net	584	637
Other assets	2,438	1,981
Total assets	84,995	80,917
Liabilities
Unpaid losses and loss adjustment expenses	45,820	44,610
Other policyholder funds and benefits payable	614	614
Unearned premiums	10,373	9,408
Long-term debt	4,370	4,366
Other liabilities	4,912	5,024
Total liabilities	66,545	64,470
Stockholders' Equity
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2025 and December 31, 2024, aggregate liquidation preference of $345	334	334
Common Stock, Value, Issued	3	3
Additional paid-in capital	533	578
Retained earnings	23,779	21,531
Treasury Stock, Value	(4,196)	(3,113)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax	(2,003)	(2,886)
Total stockholders’ equity	18,450	16,447
Total liabilities and stockholders’ equity	$ 84,995	$ 80,917