Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value and notional amount of derivatives

The following table summarizes information on the fair values and notional values of the Company’s derivative instruments:

	Estimated Fair Value
	Asset Derivatives (1)		Liability Derivatives (1)		Notional Value (2)
December 31, 2024
Futures contracts	$	78	$	(46)	$	4,781
Foreign currency forward contracts	90		(48)		1,698
Other (3)	38		(21)		236
Total	$	206	$	(115)
December 31, 2023
Futures contracts	$	139	$	(61)	$	3,746
Foreign currency forward contracts	27		(32)		1,224
Other (3)	31		(26)		512
Total	$	197	$	(119)

(1)    The fair value of asset derivatives are included in ‘other assets’ and the fair value of liability derivatives are included in ‘other liabilities.’

(2)    Represents the absolute notional value of all outstanding contracts, consisting of long and short positions.

(3)    Includes swaps, options and other derivatives contracts.

Summary of net realized gains (losses) recorded in the consolidated statements of income

Realized and unrealized contract gains and losses on the Company’s derivative instruments are reflected in ‘net realized gains (losses)’ in the consolidated statements of income, as summarized in the following table:

Derivatives not designated as hedging instruments	Year Ended December 31,
	2024		2023		2022
Net realized gains (losses):
Futures contracts	$	4	$	49	$	(86)
Foreign currency forward contracts	(6)		21		6
Other (1)	10		(11)		5
Total	$	8	$	59	$	(75)

(1) Includes realized gains or losses on swaps, options and other derivatives contracts.