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Schedule V — Valuation Allowances and Qualifying Accounts | 12 Months Ended
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Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
Schedule V — Valuation Allowances and Qualifying Accounts | Schedule V — Valuation Allowances and Qualifying Accounts
($ in millions) |  |  |  | Additions |  |  |  |
Description |  | Balance as of beginning of period |  | Charged to costs and expenses |  | Other additions |  | Deductions (1) |  | Balance as of end of period
Year ended December 31, 2025 |  |  |  |  |  |  |  |  |  |
Fixed income securities |  | $ | 17 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 12 |  |  | $ | 10 |
Mortgage loans |  | 12 |  |  | 2 |  |  | — |  |  | 4 |  |  | 10 |
Bank loans |  | 10 |  |  | 12 |  |  | — |  |  | 5 |  |  | 17 |
Investments |  | 39 |  |  | 19 |  |  | — |  |  | 21 |  |  | 37 |
Premium installment receivable |  | 187 |  |  | 487 |  |  | — |  |  | 485 |  |  | 189 |
Reinsurance recoverables |  | 63 |  |  | 1 |  |  | — |  |  | 10 |  |  | 54 |
Other assets |  | 14 |  |  | 3 |  |  | — |  |  | 2 |  |  | 15 |
Assets |  | 303 |  |  | 510 |  |  | — |  |  | 518 |  |  | 295 |
Commitments to fund line of credit, commercial mortgage loans and bank loans |  | — |  |  | 15 |  |  | — |  |  |  |  | 15 |
Liabilities |  | — |  |  | 15 |  |  | — |  |  | — |  |  | 15 |
Total |  | $ | 303 |  |  | $ | 525 |  |  | $ | — |  |  | $ | 518 |  |  | $ | 310 |
Valuation allowance for deferred tax assets |  | $ | 69 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 68 |
Year ended December 31, 2024 |  |  |  |  |  |  |  |  |  |
Fixed income securities |  | $ | 36 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 22 |  |  | $ | 17 |
Mortgage loans |  | 11 |  |  | 1 |  |  | — |  |  | — |  |  | 12 |
Bank loans |  | 22 |  |  | — |  |  | — |  |  | 12 |  |  | 10 |
Investments |  | 69 |  |  | 4 |  |  | — |  |  | 34 |  |  | 39 |
Premium installment receivable |  | 138 |  |  | 414 |  |  | — |  |  | 365 |  |  | 187 |
Reinsurance recoverables |  | 65 |  |  | 1 |  |  | — |  |  | 3 |  |  | 63 |
Other assets |  | 18 |  |  | — |  |  | — |  |  | 4 |  |  | 14 |
Assets |  | 290 |  |  | 419 |  |  | — |  |  | 406 |  |  | 303 |
Commitments to fund line of credit, commercial mortgage loans and bank loans |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |
Liabilities |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |
Total |  | $ | 291 |  |  | $ | 419 |  |  | $ | — |  |  | $ | 407 |  |  | $ | 303 |
Valuation allowance for deferred tax assets |  | $ | 69 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 69 |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |
Fixed income securities |  | $ | 13 |  |  | $ | 23 |  |  | $ | — |  |  | $ | — |  |  | $ | 36 |
Mortgage loans |  | 7 |  |  | 4 |  |  | — |  |  | — |  |  | 11 |
Bank loans |  | 57 |  |  | 18 |  |  | — |  |  | 53 |  |  | 22 |
Investments |  | 77 |  |  | 45 |  |  | — |  |  | 53 |  |  | 69 |
Premium installment receivable |  | 132 |  |  | 348 |  |  | — |  |  | 342 |  |  | 138 |
Reinsurance recoverables |  | 65 |  |  | 1 |  |  | — |  |  | 1 |  |  | 65 |
Other assets |  | 19 |  |  | — |  |  | — |  |  | 1 |  |  | 18 |
Assets |  | 293 |  |  | 394 |  |  | — |  |  | 397 |  |  | 290 |
Commitments to fund mortgage loans and bank loans |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Liabilities |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total |  | $ | 293 |  |  | $ | 395 |  |  | $ | — |  |  | $ | 397 |  |  | $ | 291 |
Valuation allowance for deferred tax assets |  | $ | 34 |  |  | $ | — |  |  | $ | 35 |  |  | $ | — |  |  | $ | 69 |
(1)Includes allowance for assets reclassified to held for sale for the year ended December 31, 2024.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-4 + Details
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- References No definition available. + Details
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