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Schedule I — Summary of Investments Other than Investments in Related Parties
12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]  
Schedule I — Summary of Investments Other than Investments in Related Parties
Schedule I — Summary of Investments Other than Investments in Related Parties
As of December 31, 2025
($ in millions)Cost/amortized cost, net
Fair value
(if applicable)
Amount shown in the
Balance Sheet
Type of investment
Fixed maturities:
Bonds:
United States government, government agencies and authorities$18,165 $18,133 $18,133 
States, municipalities and political subdivisions5,617 5,643 5,643 
Foreign governments1,464 1,460 1,460 
Public utilities4,465 4,542 4,542 
All other corporate bonds25,585 25,859 25,859 
Asset-backed securities1,348 1,352 1,352 
Mortgage-backed securities
2,086 2,126 2,126 
Total fixed maturities58,730 59,115 59,115 
Equity securities:
Common stocks:
Public utilities150 143 143 
Banks, trusts and insurance companies587 622 622 
Industrial, miscellaneous and all other7,114 7,409 7,409 
Nonredeemable preferred stocks175 224 224 
Total equity securities8,026 8,398 8,398 
Mortgage loans on real estate879 868 879 
Real estate
630 630 
Derivative instruments10 10 10 
Limited partnership interests8,844 8,844 
Bank loans and other investments
474 488 474 
Short-term investments4,888 4,887 4,887 
Total investments$82,481 $83,237