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Investments - Gross unrealized losses on securities by investment category and length of time that have been in a continuous unrealized loss position (Details) - USD ($) $ in Millions | Jun. 30, 2025 | Dec. 31, 2024
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Total fixed maturities |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ (11) | $ (25)
Fair value - less than twelve months | $ 965 | $ 1,778
Fair value as percentage of cost - less than twelve months | 99.00% | 99.00%
Unrealized Loss - twelve months or more | $ (259) | $ (328)
Fair Value - twelve months or more | $ 3,654 | $ 4,156
Fair value as percentage of cost - twelve months or more | 93.00% | 93.00%
U.S. government and government agencies |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ 0 | $ 0
Fair value - less than twelve months | $ 30 | $ 35
Fair value as percentage of cost - less than twelve months | 100.00% | 100.00%
Unrealized Loss - twelve months or more | $ (1) | $ (3)
Fair Value - twelve months or more | $ 84 | $ 105
Fair value as percentage of cost - twelve months or more | 99.00% | 97.00%
States, municipalities and political subdivisions |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ (5) | $ (5)
Fair value - less than twelve months | $ 129 | $ 256
Fair value as percentage of cost - less than twelve months | 96.00% | 98.00%
Unrealized Loss - twelve months or more | $ (43) | $ (44)
Fair Value - twelve months or more | $ 469 | $ 470
Fair value as percentage of cost - twelve months or more | 92.00% | 91.00%
Foreign government |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ 0 | $ 0
Fair value - less than twelve months | $ 0 | $ 98
Fair value as percentage of cost - less than twelve months | 0.00% | 100.00%
Unrealized Loss - twelve months or more | $ 0 | $ (1)
Fair Value - twelve months or more | $ 49 | $ 50
Fair value as percentage of cost - twelve months or more | 100.00% | 98.00%
Residential MBS |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ (1) | $ (6)
Fair value - less than twelve months | $ 192 | $ 452
Fair value as percentage of cost - less than twelve months | 99.00% | 99.00%
Unrealized Loss - twelve months or more | $ (127) | $ (148)
Fair Value - twelve months or more | $ 903 | $ 916
Fair value as percentage of cost - twelve months or more | 88.00% | 86.00%
Collateralized loan obligations |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ 0 | $ 0
Fair value - less than twelve months | $ 58 | $ 0
Fair value as percentage of cost - less than twelve months | 100.00% | 0.00%
Unrealized Loss - twelve months or more | $ (8) | $ (12)
Fair Value - twelve months or more | $ 204 | $ 247
Fair value as percentage of cost - twelve months or more | 96.00% | 95.00%
Other asset-backed securities |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ (1) | $ (4)
Fair value - less than twelve months | $ 298 | $ 332
Fair value as percentage of cost - less than twelve months | 100.00% | 99.00%
Unrealized Loss - twelve months or more | $ (46) | $ (65)
Fair Value - twelve months or more | $ 973 | $ 1,217
Fair value as percentage of cost - twelve months or more | 95.00% | 95.00%
Corporate and other |  |
Available for sale securities in a continuous unrealized loss position |  |
Unrealized loss - less than twelve months | $ (4) | $ (10)
Fair value - less than twelve months | $ 258 | $ 605
Fair value as percentage of cost - less than twelve months | 98.00% | 98.00%
Unrealized Loss - twelve months or more | $ (34) | $ (55)
Fair Value - twelve months or more | $ 972 | $ 1,151
Fair value as percentage of cost - twelve months or more | 97.00% | 95.00%

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