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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
Income tax expense (benefit) consisted of the following for the periods indicated:
Year Ended December 31,
202520242023
Current tax expense (benefit):
Federal$1 $1 $2 
Foreign
1 9 4 
State13 5 5 
Total current tax expense (benefit)15 15 11 
Deferred tax expense (benefit):
Federal95 38 (50)
State(6)4 (12)
Total deferred tax expense (benefit)89 42 (62)
Total income tax expense (benefit)$104 $57 $(51)
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
Income before income taxes consisted of the following for the periods indicated:
Year Ended December 31,
202520242023
Income:
Domestic
$834 $772 $668 
Foreign3 27 10 
Total income before income taxes
$837 $799 $678 
Schedule of Effective Income Tax Rate Reconciliation
Income taxes were different from the amount computed by applying the federal income tax rate to Income before income taxes for the following reasons for the periods indicated:
Year Ended December 31,
202520242023
Amount
Percent
AmountPercentAmountPercent
U.S Federal Statutory Rate$176 21.0 %$168 21.0 %$142 21.0 %
State and Local Income Taxes, Net of Federal Income Tax Effect2 0.2 %9 1.1 %(7)(1.0)%
Foreign Tax Effects1 0.1 %9 1.1 %4 0.6 %
Tax Credits
Foreign tax credits(20)(2.4)%(22)(2.8)%(18)(2.7)%
Research and development tax credits(5)(0.6)%(6)(0.8)%(3)(0.4)%
Nontaxable or Nondeductible Items
Dividends received deduction(36)(4.3)%(49)(6.1)%(38)(5.6)%
Noncontrolling interest(17)(2.0)%(16)(2.0)%(22)(3.3)%
Nontaxable foreign subsidiary gain
— — %— — %(10)(1.5)%
Executive compensation disallowed under §162(m)6 0.7 %6 0.8 %8 1.2 %
Other(1)(0.1)%(4)(0.5)%(2)(0.3)%
Other Adjustments
Security Life of Denver Company capital loss carryback(1)
— — %(38)(4.8)%(92)(13.6)%
Other(2)(0.2)%— — %(13)(1.9)%
Effective tax rate$104 12.4 %$57 7.1 %$(51)(7.5)%
(1) See Other Tax Matters section below
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities were as follows as of the dates indicated:
December 31,
20252024
Deferred tax assets
Federal and state loss carryforwards$1,167 $1,421 
Net unrealized investment losses351 522 
Compensation and benefits175 161 
Current discount rate
156 165 
Tax credits155 154 
Other assets280 222 
Total gross assets before valuation allowance2,284 2,645 
Less: Valuation allowance75 96 
Assets, net of valuation allowance2,209 2,549 
Deferred tax liabilities
Deferred policy acquisition costs(277)(324)
Other liabilities(61)(91)
Total gross liabilities(338)(415)
Net deferred income tax asset
$1,871 $2,134 
Summary of Operating Loss Carryforwards
The following table sets forth the federal, state and credit carryforwards for tax purposes as of the dates indicated:
December 31,
20252024
Federal net operating loss carryforward
$5,186 
(1)
$6,335 
State net operating loss carryforward
2,148 
(2)
2,412 
Credit carryforward
155 
(3)
154 
(1) Approximately $2,419 of the net operating loss carryforwards ("NOL") are not subject to expiration. $2,767 of the NOLs expire between 2026 and 2037.
(2) Approximately $503 of the NOLs not subject to expiration. $1,645 of the NOLs expire between 2026 and 2045.
(3) Expires between 2026 and 2045.
Schedule of Unrecognized Tax Benefits
Reconciliations of the change in the unrecognized income tax benefits were as follows for the periods indicated:
Year Ended December 31,
202520242023
Balance at beginning of period$24 $27 $33 
Additions (reductions) for tax positions related to current year— — — 
Additions (reductions) for tax positions related to prior years(3)(3)(6)
Balance at end of period$21 $24 $27