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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of and changes in the accumulated other comprehensive income (“AOCI”), and the related tax effects, are shown below:

AS OF AND FOR THE PERIODS ENDED JUN. 30, 2025 US$ MILLIONS						Change in Net Unrealized Investment Gains (Losses)						Change in Discount Rate for Future Policy Benefits						Change in Instrument-Specific Credit Risk for Market Risk Benefits						Defined Benefit Pension Plan Adjustment						Foreign Currency Translation						Total
Balance as of January 1, 2025						$	(12)					$	362					$	(189)					$	104					$	(61)					$	204
Other comprehensive income (loss) before reclassifications						410						(83)						68						(4)						46						437
Amounts reclassified to (from) net income						(6)						—						—						—						—						(6)
Deferred income tax benefit (expense)						(86)						25						(19)						1						(8)						(87)
Balance as of March 31, 2025						$	306					$	304					$	(140)					$	101					$	(23)					$	548
Other comprehensive income (loss) before reclassifications						109						6						(99)						(3)						152						165
Amounts reclassified to (from) net income						(37)						—						—						—						—						(37)
Deferred income tax benefit (expense)						6						(14)						25						1						(21)						(3)
Balance as of June 30, 2025						$	384					$	296					$	(214)					$	99					$	108					$	673

AS OF AND FOR THE PERIODS ENDED JUN. 30, 2024 US$ MILLIONS						Change in Net Unrealized Investment Gains (Losses)						Change in Discount Rate for Future Policy Benefits						Change in Instrument-Specific Credit Risk for Market Risk Benefit						Defined Benefit Pension Plan Adjustment						Foreign Currency Translation						Total
Balance as of January 1, 2024						$	(438)					$	239					$	(15)					$	85					$	9					$	(120)
Other comprehensive income (loss) before reclassifications						(133)						206						(40)						4						(14)						23
Amounts reclassified to (from) net income						(6)						—						—						—						—						(6)
Deferred income tax benefit (expense)						33						(47)						2						(1)						—						(13)
Balance as of March 31, 2024						$	(544)					$	398					$	(53)					$	88					$	(5)					$	(116)
Other comprehensive income (loss) before reclassifications						449						114						(3)						20						(11)						569
Amounts reclassified to (from) net income						(8)						—						67						—						—						59
Deferred income tax benefit (expense)						(96)						(24)						(4)						(4)						(2)						(130)
Balance as of June 30, 2024						$	(199)					$	488					$	7					$	104					$	(18)					$	382

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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- References

No definition available.

+ Details

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