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Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

The following tables present the changes in each component of accumulated other comprehensive income (AOCI) and the effect of reclassifications out of AOCI into the respective lines in the condensed consolidated statements of operations.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Third Quarter 2025

			Net Unrealized Gains (Losses) on Investments with:												ISCR on  FG VIEs’ Liabilities with Recourse						Cumulative Translation Adjustment						Cash Flow  Hedge						Total AOCI
			No Credit Impairment						Credit Impairment
			(in millions)
Balance, June 30, 2025			$	(98)					$	(79)					$	(18)					$	(36)					$	4					$	(227)
Other comprehensive income (loss) before reclassifications			38						—						—						1						—						39
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			1						(11)						—						—						—						(10)
Fair value gains (losses) on FG VIEs			—						—						(1)						—						—						(1)
Total before tax			1						(11)						(1)						—						—						(11)
Tax (provision) benefit			—						2						—						—						—						2
Total amount reclassified from AOCI, net of tax			1						(9)						(1)						—						—						(9)
Other comprehensive income (loss)			37						9						1						1						—						48
Balance, September 30, 2025			$	(61)					$	(70)					$	(17)					$	(35)					$	4					$	(179)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Third Quarter 2024

			Net Unrealized Gains (Losses) on Investments with:												ISCR on  FG VIEs’ Liabilities with Recourse						Cumulative Translation Adjustment						Cash Flow  Hedge						Total AOCI
			No Credit Impairment						Credit Impairment
			(in millions)
Balance, June 30, 2024			$	(243)					$	(96)					$	(20)					$	(38)					$	5					$	(392)
Other comprehensive income (loss) before reclassifications			147						13						(2)						—						—						158
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(4)						3						—						—						—						(1)
Fair value gains (losses) on FG VIEs			—						—						(1)						—						—						(1)
Total before tax			(4)						3						(1)						—						—						(2)
Tax (provision) benefit			(1)						—						—						—						—						(1)
Total amount reclassified from AOCI, net of tax			(5)						3						(1)						—						—						(3)
Other comprehensive income (loss)			152						10						(1)						—						—						161
Balance, September 30, 2024			$	(91)					$	(86)					$	(21)					$	(38)					$	5					$	(231)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Nine Months 2025

			Net Unrealized Gains (Losses) on Investments with:												ISCR on  FG VIEs’ Liabilities with Recourse						Cumulative Translation Adjustment						Cash Flow  Hedge						Total AOCI
			No Credit Impairment						Credit Impairment
			(in millions)
Balance, December 31, 2024			$	(235)					$	(99)					$	(18)					$	(37)					$	4					$	(385)
Other comprehensive income (loss) before reclassifications			169						10						(1)						2						—						180
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(5)						(24)						—						—						—						(29)
Fair value gains (losses) on FG VIEs			—						—						(2)						—						—						(2)
Total before tax			(5)						(24)						(2)						—						—						(31)
Tax (provision) benefit			—						5						—						—						—						5
Total amount reclassified from AOCI, net of tax			(5)						(19)						(2)						—						—						(26)
Other comprehensive income (loss)			174						29						1						2						—						206
Balance, September 30, 2025			$	(61)					$	(70)					$	(17)					$	(35)					$	4					$	(179)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Nine Months 2024

			Net Unrealized Gains (Losses) on Investments with:												ISCR on  FG VIEs’ Liabilities with Recourse						Cumulative Translation Adjustment						Cash Flow  Hedge						Total AOCI
			No Credit Impairment						Credit Impairment
			(in millions)
Balance, December 31, 2023			$	(202)					$	(104)					$	(20)					$	(38)					$	5					$	(359)
Other comprehensive income (loss) before reclassifications			101						27						(3)						—						—						125
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(10)						11						—						—						—						1
Fair value gains (losses) on FG VIEs			—						—						(2)						—						—						(2)
Total before tax			(10)						11						(2)						—						—						(1)
Tax (provision) benefit			—						(2)						—						—						—						(2)
Total amount reclassified from AOCI, net of tax			(10)						9						(2)						—						—						(3)
Other comprehensive income (loss)			111						18						(1)						—						—						128
Balance, September 30, 2024			$	(91)					$	(86)					$	(21)					$	(38)					$	5					$	(231)

Schedule of Share Repurchases

Share Repurchases

Period						Number of Shares Repurchased						Total Payments (1) (in millions)						Average Price Paid Per Share (1)
2024 (January 1 - March 31)						1,539,278						$	129					$	84.07
2024 (April 1 - June 30)						1,928,328						152						78.50
2024 (July 1- September 30)						1,658,441						131						78.87
2024 (October 1- December 31)						1,054,727						90						86.11
Total 2024						6,180,774						$	502					$	81.28
2025 (January 1 - March 31)						1,335,228						120						89.72
2025 (April 1 - June 30)						1,537,505						131						85.03
2025 (July 1 - September 30)						1,423,121						118						83.06
2025 (October 1 - November 5)						621,471						51						82.14
Total 2025						4,917,325						$	420					$	85.37

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(1)    Excludes commissions and excise taxes.

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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