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Schedule V — Valuation Allowances and Qualifying Accounts
 12 Months Ended
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
DescriptionBalance 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 loans12 2 — 4 10 
Bank loans10 12 — 5 17 
Investments39 19 — 21 37 
Premium installment receivable187 487 — 485 189 
Reinsurance recoverables63 1 — 10 54 
Other assets14 3 — 2 15 
Assets303 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 
Investments69 4 — 34 39 
Premium installment receivable138 414 — 365 187 
Reinsurance recoverables65 1 — 3 63 
Other assets18 — — 4 14 
Assets290 419 — 406 303 
Commitments to fund line of credit, commercial mortgage loans and bank loans
1 — — 1 — 
Liabilities1 — — 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 
Investments77 45 — 53 69 
Premium installment receivable132 348 — 342 138 
Reinsurance recoverables65 1 — 1 65 
Other assets19 — — 1 18 
Assets293 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.