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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 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)
December 31, 2025   
Futures contracts$81 $(19)$8,022 
Foreign currency forward contracts75 (38)2,458 
Other (3)24 (15)161 
Total$180 $(72)
December 31, 2024   
Futures contracts$78 $(46)$4,781 
Foreign currency forward contracts90 (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 and 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 hedging instruments
Year Ended December 31,
202520242023
Net realized gains (losses):
Futures contracts$211 $$49 
Foreign currency forward contracts65 (6)21 
Other (1)51 10 (11)
Total$327 $$59 
(1) Includes realized gains or losses on swaps, options and other derivatives contracts.