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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($) $ in Millions | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Debt securities, available-for-sale, allowance for credit loss, excluding accrued interest | $ 2 | $ 27
Amortized cost | 48,260 | 47,127
Accumulated depreciation | 250 | 228
Property and equipment accumulated depreciation | 364 | 352
Intangible assets accumulated amortization | 106 | 56
Mortgage loans on real estate, net of allowance |  |
Allowance for credit losses | 138 | 155
Private loans, net of allowance |  |
Allowance for credit losses | $ 87 | $ 66
Series A Preferred Stock |  |
Preferred stock, par value (in usd per share) | $ 1 | $ 1
Preferred stock, liquidation preference (in usd per share) | $ 25,000 | $ 25,000
Preferred shares authorized (in shares) | 20,000 | 20,000
Preferred stock issued (in shares) | 0 | 16,000
Preferred stock, shares outstanding (in shares) | 0 | 16,000
Series B Preferred Stock |  |
Preferred stock, par value (in usd per share) | $ 1 | $ 1
Preferred stock, liquidation preference (in usd per share) | $ 25,000 | $ 25,000
Preferred shares authorized (in shares) | 12,000 | 12,000
Preferred stock issued (in shares) | 12,000 | 12,000
Preferred stock, shares outstanding (in shares) | 12,000 | 12,000
Series D Preferred Stock |  |
Preferred stock, par value (in usd per share) | $ 1 | $ 1
Preferred stock, liquidation preference (in usd per share) | $ 25,000 | $ 25,000
Preferred shares authorized (in shares) | 12,000 | 12,000
Preferred stock issued (in shares) | 12,000 | 0
Preferred stock, shares outstanding (in shares) | 12,000 | 0

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