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FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Fair Value Hierarchy Measurements of Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Financial assets        
Available-for-sale fixed maturity securities $ 56,222      
Equity securities 7,530 $ 3,854    
Investment real estate 2,593 2,366    
Real estate partnerships 4,205 3,438    
Investment funds 6,421 6,111    
Short-term investments 4,454 4,400    
Cash and cash equivalents 13,091 12,243    
Other assets – market risk benefit assets 2,668 2,461    
Separate account assets 1,322 1,343    
Financial liabilities        
Policyholders’ account balances – embedded derivative 6,320 1,160    
Market risk benefits 4,227 3,655    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 253 57    
Separate account liabilities 1,322 1,343 $ 1,266 $ 1,189
Not subject to fair value hierarchy        
Financial assets        
Investment funds 375 380    
Other 649 637    
Separate account assets 30 31    
Total Fair Value        
Financial assets        
Available-for-sale fixed maturity securities 56,222 53,802    
Equity securities 7,530 3,854    
Investment real estate 1,271 1,283    
Real estate partnerships 2,329 1,529    
Investment funds 141 124    
Short-term investments 4,454 4,400    
Derivative assets 1,160 1,361    
Separately managed accounts 61 71    
Other 197 319    
Cash and cash equivalents 13,091 12,243    
Reinsurance funds withheld – embedded derivative 6 18    
Premiums due and other receivables – derivative asset 22 22    
Other assets – market risk benefit assets 1,034 856    
Separate account assets 1,292 1,312    
Total financial assets 88,810 81,194    
Financial liabilities        
Policyholders’ account balances – embedded derivative 6,257 1,123    
Market risk benefits 4,227 3,655    
Funds withheld for reinsurance liabilities – embedded derivative 63 37    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 169 27    
Separate account liabilities 1,292 1,312    
Total financial liabilities 12,008 6,154    
Other invested assets 197 171    
Total Fair Value | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities 365 369    
Total Fair Value | U.S. state and municipal        
Financial assets        
Available-for-sale fixed maturity securities 3,182 3,289    
Total Fair Value | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities 1,889 2,042    
Total Fair Value | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities 39,493 37,380    
Total Fair Value | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 1,196 1,310    
Total Fair Value | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 3,877 3,320    
Total Fair Value | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities 6,220 6,092    
Total Fair Value | Common stock        
Financial assets        
Equity securities 7,049 3,412    
Total Fair Value | Preferred stock        
Financial assets        
Equity securities 481 438    
Total Fair Value | Private equity and other        
Financial assets        
Equity securities   4    
Level 1        
Financial assets        
Available-for-sale fixed maturity securities 302 310    
Equity securities 6,661 2,894    
Investment real estate 0 0    
Real estate partnerships 0 0    
Investment funds 0 0    
Short-term investments 2,912 3,213    
Derivative assets 0 0    
Separately managed accounts 0 0    
Other 0 0    
Cash and cash equivalents 13,091 12,243    
Reinsurance funds withheld – embedded derivative 0 0    
Premiums due and other receivables – derivative asset 0 0    
Other assets – market risk benefit assets 0 0    
Separate account assets 976 258    
Total financial assets 23,942 18,918    
Financial liabilities        
Policyholders’ account balances – embedded derivative 0 0    
Market risk benefits 0 0    
Funds withheld for reinsurance liabilities – embedded derivative 0 0    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0    
Separate account liabilities 976 258    
Total financial liabilities 976 258    
Level 1 | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities 302 310    
Level 1 | U.S. state and municipal        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 1 | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 1 | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 1 | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 1 | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 1 | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 1 | Common stock        
Financial assets        
Equity securities 6,641 2,858    
Level 1 | Preferred stock        
Financial assets        
Equity securities 20 36    
Level 1 | Private equity and other        
Financial assets        
Equity securities   0    
Level 2        
Financial assets        
Available-for-sale fixed maturity securities 51,663 48,013    
Equity securities 25 14    
Investment real estate 0 0    
Real estate partnerships 0 0    
Investment funds 0 0    
Short-term investments 1,060 834    
Derivative assets 972 1,138    
Separately managed accounts 0 0    
Other 4 11    
Cash and cash equivalents 0 0    
Reinsurance funds withheld – embedded derivative 0 0    
Premiums due and other receivables – derivative asset 22 22    
Other assets – market risk benefit assets 0 0    
Separate account assets 316 1,054    
Total financial assets 54,062 51,086    
Financial liabilities        
Policyholders’ account balances – embedded derivative 0 0    
Market risk benefits 0 0    
Funds withheld for reinsurance liabilities – embedded derivative 0 0    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 169 27    
Separate account liabilities 316 1,054    
Total financial liabilities 485 1,081    
Level 2 | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities 63 59    
Level 2 | U.S. state and municipal        
Financial assets        
Available-for-sale fixed maturity securities 3,127 3,233    
Level 2 | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities 1,889 2,042    
Level 2 | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities 38,701 34,696    
Level 2 | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 1,177 1,291    
Level 2 | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 3,839 3,245    
Level 2 | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities 2,867 3,447    
Level 2 | Common stock        
Financial assets        
Equity securities 2 2    
Level 2 | Preferred stock        
Financial assets        
Equity securities 23 12    
Level 2 | Private equity and other        
Financial assets        
Equity securities   0    
Level 3        
Financial assets        
Available-for-sale fixed maturity securities 4,257 5,479    
Equity securities 844 946    
Investment real estate 1,271 1,283    
Real estate partnerships 2,329 1,529    
Investment funds 141 124    
Short-term investments 482 353    
Derivative assets 188 223    
Separately managed accounts 61 71    
Other 193 308    
Cash and cash equivalents 0 0    
Reinsurance funds withheld – embedded derivative 6 18    
Premiums due and other receivables – derivative asset 0 0    
Other assets – market risk benefit assets 1,034 856    
Separate account assets 0 0    
Total financial assets 10,806 11,190    
Financial liabilities        
Policyholders’ account balances – embedded derivative 6,257 1,123    
Market risk benefits 4,227 3,655    
Funds withheld for reinsurance liabilities – embedded derivative 63 37    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0    
Separate account liabilities 0 0    
Total financial liabilities 10,547 4,815    
Level 3 | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 3 | U.S. state and municipal        
Financial assets        
Available-for-sale fixed maturity securities 55 56    
Level 3 | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities 0 0    
Level 3 | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities 792 2,684    
Level 3 | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 19 19    
Level 3 | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities 38 75    
Level 3 | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities 3,353 2,645    
Level 3 | Common stock        
Financial assets        
Equity securities 406 552    
Level 3 | Preferred stock        
Financial assets        
Equity securities $ 438 390    
Level 3 | Private equity and other        
Financial assets        
Equity securities   $ 4