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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Income Tax Expense
| For the years ended December 31,
| 2024 | 2023 | 2022
Income tax expense (benefit) |  |  |
Current - U.S. federal | $ | 783 |  | $ | 582 |  | $ | 550 |
Foreign | 2 |  | — |  | (1) |
Total current | 785 |  | 582 |  | 549 |
Deferred - U.S. federal | (57) |  | 6 |  | (124) |
Foreign | 10 |  | (4) |  | 18 |
Total deferred | (47) |  | 2 |  | (106) |
Total income tax expense | $ | 738 |  | $ | 584 |  | $ | 443 |
Income Tax Rate Reconciliation | Income Tax Rate Reconciliation
| For the years ended December 31,
| 2024 | 2023 | 2022
Tax provision at U.S. federal statutory rate | $ | 808 |  | $ | 648 |  | $ | 474 |
Nontaxable net investment income | (40) |  | (41) |  | (29) |
Other | (30) |  | (23) |  | (2) |
Provision for income taxes | $ | 738 |  | $ | 584 |  | $ | 443 |
Deferred Tax Assets (Liabilities) | Deferred Tax Assets (Liabilities)
| As of December 31,
| 2024 | 2023
Deferred tax assets |  |
Loss reserves and tax discount | $ | 550 |  | $ | 517 |
Unearned premium reserve and other underwriting related reserves | 517 |  | 483 |
Employee benefits | 181 |  | 172 |
Net unrealized losses on investments | 394 |  | 387 |
Net operating loss carryover | 41 |  | 45 |
Other | — |  | 1 |
Total deferred tax assets | 1,683 |  | 1,605 |
Valuation allowance | — |  | (12) |
Deferred tax assets, net of valuation allowance | 1,683 |  | 1,593 |
Deferred tax liabilities |  |
Deferred acquisition costs | (183) |  | (163) |
Investment-related items | (167) |  | (110) |
Other depreciable and amortizable assets | (91) |  | (147) |
Other | (13) |  | — |
Total deferred tax liabilities | (454) |  | (420) |
Net deferred tax asset | $ | 1,229 |  | $ | 1,173 |
Schedule of Unrecognized Tax Benefits Roll Forward | Rollforward of Unrecognized Tax Benefits
| For the years ended December 31, |  |
| 2024 | 2023 | 2022 |  |
Balance, beginning of period | $ | 26 |  | $ | 22 |  | $ | 16 |  |  |
Gross increases - tax positions in current period | 3 |  | 5 |  | 6 |  |  |
Gross decreases - tax positions in current period | (1) |  | — |  | — |  |  |
Lapse of statute of limitations | (4) |  | (1) |  | — |  |  |
Balance, end of period | $ | 24 |  | $ | 26 |  | $ | 22 |  |  |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
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