v3.26.1
Investment gains (losses) (Tables)
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of investment gains (losses)

Investment gains (losses) are summarized as follows (in millions).

 

First Quarter

 

 

2026

 

 

2025

 

Investment gains (losses):

 

 

 

 

 

Equity securities:

 

 

 

 

 

Change in unrealized investment gains (losses) during the
     period on securities held at the end of the period

$

(3,291

)

 

$

(6,775

)

Investment gains (losses) during the period on securities sold

 

1,652

 

 

 

371

 

 

(1,639

)

 

 

(6,404

)

Fixed maturity securities:

 

 

 

 

 

Gross realized gains

 

47

 

 

 

8

 

Gross realized losses

 

 

 

 

(47

)

Other

 

(13

)

 

 

8

 

 

$

(1,605

)

 

$

(6,435

)