Equity (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class [Table Text Block]

The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods indicated:

	Issued	Held In Treasury	Outstanding
Balance, December 31, 2024	85,310,598	19,438,336	65,872,262
Common stock acquired	—	—	—
Equity based compensation (1)	—	(219,265)	219,265
Balance, June 30, 2025	85,310,598	19,219,071	66,091,527

	Issued	Held In Treasury	Outstanding
Balance, December 31, 2023	85,310,598	19,689,885	65,620,713
Common stock acquired	—	—	—
Equity based compensation (1)	—	(203,683)	203,683
Balance, June 30, 2024	85,310,598	19,486,202	65,824,396

(1)Represents net shares issued from treasury pursuant to the Company’s equity based compensation programs.

Components of Accumulated Other Comprehensive Income

The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the six months ended June 30, 2025 and 2024 are as follows (dollars in millions):

	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Foreign Currency Translation Adjustments		Net Unrealized Investment Gains (Losses) (1)		Pension and Postretirement Benefits		Effect of Updating Discount Rates on Future Policy Benefits		Instrument-Specific Credit Risk for Market Risk Benefits		Total
Balance, December 31, 2024	$	(19)	$	(4,526)	$	(20)	$	5,412	$	2	$	849
Other comprehensive income (loss) before reclassifications	131		(654)		4		1,445		1		927
Amounts reclassified from AOCI	—		167		(1)		—		—		166
Deferred income tax benefit (expense)	18		116		—		(324)		—		(190)
Balance, June 30, 2025	$	130	$	(4,897)	$	(17)	$	6,533	$	3	$	1,752

	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
	Foreign Currency Translation Adjustments		Net Unrealized Investment Gains (Losses) (1)		Pension and Postretirement Benefits		Effect of Updating Discount Rates on Future Policy Benefits		Instrument-Specific Credit Risk for Market Risk Benefits		Total
Balance, December 31, 2023	$	69	$	(3,668)	$	(29)	$	3,256	$	3	$	(369)
Other comprehensive income (loss) before reclassifications	39		(1,625)		—		1,737		4		155
Amounts reclassified from AOCI	—		304		—		—		—		304
Deferred income tax benefit (expense)	(21)		294		—		(382)		(1)		(110)
Balance, June 30, 2024	$	87	$	(4,695)	$	(29)	$	4,611	$	6	$	(20)

(1)Includes cash flow hedges of $(473) and $(495) as of June 30, 2025 and December 31, 2024, respectively, and $(413) and $(218) as of June 30, 2024 and December 31, 2023, respectively. See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

Reclassification Out Of Accumulated Other Comprehensive Income

The following table presents the amounts of AOCI reclassifications for the three and six months ended June 30, 2025 and 2024 (dollars in millions):

	Amount Reclassified from AOCI
	Three months ended June 30,				Six months ended June 30,				Affected Line Item in  Statements of Income
Details about AOCI Components	2025		2024		2025		2024
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities	$	(75)	$	(170)	$	(135)	$	(288)	Investment related gains (losses), net
Cash flow hedges – Interest rate	1		3		2		6		(1)
Cash flow hedges – Foreign currency	(17)		(14)		(34)		(22)		(1)
Total	(91)		(181)		(167)		(304)
Provision for income taxes	21		37		34		61
Net unrealized gains (losses), net of tax	$	(70)	$	(144)	$	(133)	$	(243)
Amortization of defined benefit plan items:
Prior service cost (credit)	$	1	$	1	$	1	$	1	(2)
Actuarial gains (losses)	—		—		—		(1)		(2)
Total	1		1		1		—
Provision for income taxes	—		—		—		—
Amortization of defined benefit plans, net of tax	$	1	$	1	$	1	$	—
Total reclassifications for the period	$	(69)	$	(143)	$	(132)	$	(243)

(1)See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.

(2)This AOCI component is included in the computation of the net periodic pension cost. See Note 14 – “Employee Benefit Plans” for additional details.