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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities:      
Net earnings $ 842 $ 887 $ 852
Adjustments:      
Depreciation and amortization 86 81 78
Realized (gains) losses on investing activities (12) 0 38
Net (purchases) sales of trading securities 7 (26) (5)
Change in:      
Reinsurance and other receivables (628) (769) (794)
Other assets 62 10 (19)
Insurance claims and reserves 1,066 1,225 1,318
Payable to reinsurers 3 5 151
Other liabilities 44 (153) 72
Managed investment entities’ assets/liabilities 70 (80) 305
Other operating activities, net (7) (28) (26)
Net cash provided by operating activities 1,533 1,152 1,970
Purchases of:      
Fixed maturities (2,984) (2,136) (2,005)
Equity securities (65) (187) (146)
Mortgage loans (211) (191) 0
Other investments (224) (247) (150)
Real estate, property and equipment (135) (133) (72)
Businesses (7) (9) (234)
Proceeds from:      
Maturities and redemptions of fixed maturities 2,437 2,145 1,310
Repayments of mortgage loans 51 41 34
Sales of fixed maturities 124 124 650
Sales of equity securities 120 179 164
Sales of other investments 57 107 78
Sales of real estate, property and equipment 2 30 3
Cash and cash equivalents of businesses acquired 3 0 26
Managed investment entities:      
Purchases of investments (2,102) (1,880) (1,466)
Proceeds from sales and redemptions of investments 2,092 2,257 2,228
Other investing activities, net 7 (5) (6)
Net cash provided by (used in) investing activities (835) 95 414
Financing Activities:      
Additional long-term borrowings 344 0 0
Reductions of long-term debt 0 0 (21)
Issuances of Common Stock 12 17 15
Repurchases of Common Stock (99) 0 (213)
Cash dividends paid on Common Stock (606) (788) (684)
Issuances of managed investment entities’ liabilities 2,993 2,336 670
Retirements of managed investment entities’ liabilities (3,021) (2,631) (1,798)
Net cash used in financing activities (377) (1,066) (2,031)
Net Change in Cash and Cash Equivalents 321 181 353
Cash and cash equivalents at beginning of year 1,406 1,225 872
Cash and cash equivalents at end of year $ 1,727 $ 1,406 $ 1,225