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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair value and notional amount of derivatives | The following table summarizes information on the fair values and notional values of the Company’s derivative instruments:
| Estimated Fair Value |  |
| Asset Derivatives (1) |  | Liability Derivatives (1) |  | Notional Value (2)
June 30, 2025 |  |  |  |  |
Futures contracts | $ | 110 |  |  | $ | (11) |  |  | $ | 8,208 |
Foreign currency forward contracts | 92 |  |  | (62) |  |  | 2,123 |
Other (3) | 69 |  |  | (86) |  |  | 2,073 |
Total | $ | 271 |  |  | $ | (159) |  |  |
December 31, 2024 |  |  |  |  |
Futures contracts | $ | 78 |  |  | $ | (46) |  |  | $ | 4,781 |
Foreign currency forward contracts | 90 |  |  | (48) |  |  | 1,698 |
Other (3) | 38 |  |  | (21) |  |  | 236 |
Total | $ | 206 |  |  | $ | (115) |  |  |
(1) The fair value of asset derivatives are included in ‘other assets’ and the fair value of liability derivatives are included in ‘other liabilities.’ (2) Represents the absolute notional value of all outstanding contracts, consisting of long and short positions. (3) Includes swaps, options and other derivatives contracts.
Summary of net realized gains (losses) recorded in the consolidated statements of income | Realized and unrealized contract gains or losses on the Company’s derivative instruments are reflected in ‘net realized gains (losses)’ in the consolidated statements of income, as summarized in the following table:
Derivatives not designated as |  | June 30,
hedging instruments: |  | 2025 |  | 2024
Three Months Ended |  |  |  |
Net realized gains (losses): |  |  |  |
Futures contracts |  | $ | 93 |  |  | $ | (3) |
Foreign currency forward contracts |  | 53 |  |  | 2 |
Other (1) |  | 17 |  |  | 2 |
Total |  | $ | 163 |  |  | $ | 1 |
Six Months Ended |  |  |  |
Net realized gains (losses): |  |  |  |
Futures contracts |  | $ | 139 |  |  | $ | (17) |
Foreign currency forward contracts |  | 83 |  |  | 1 |
Other (1) |  | 40 |  |  | 7 |
Total |  | $ | 262 |  |  | $ | (9) |
(1) Includes realized gains or losses on swaps, options and other derivatives contracts.

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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