XML 49 R38.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance $ 1,102 $ 926    
Total realized/unrealized gains (losses) included in Net income 1 23    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 6 (21)    
Purchases and issuances 84 105    
Sales and settlements (41) (27)    
Transfer into Level 3 4 37    
Transfer out of Level 3 (28) (45)    
Financial assets, Ending Balance 1,128 998    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value (25) (23) $ (25) $ (23)
Contingent consideration — acquisitions        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value (25) (23) $ (25) $ (23)
Fixed maturities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 664 600    
Total realized/unrealized gains (losses) included in Net income 5 2    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 6 (21)    
Purchases and issuances 51 75    
Sales and settlements (19) (24)    
Transfer into Level 3 4 34    
Transfer out of Level 3 (6) (41)    
Financial assets, Ending Balance 705 625    
U.S. government agency        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 0 0    
Total realized/unrealized gains (losses) included in Net income 0 0    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0    
Purchases and issuances 0 0    
Sales and settlements 0 0    
Transfer into Level 3 0 0    
Transfer out of Level 3 0 0    
Financial assets, Ending Balance 0 0    
State and municipal        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 5 41    
Total realized/unrealized gains (losses) included in Net income 0 0    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 (2)    
Purchases and issuances 0 0    
Sales and settlements 0 (1)    
Transfer into Level 3 0 0    
Transfer out of Level 3 0 (5)    
Financial assets, Ending Balance 5 33    
Residential MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 9 14    
Total realized/unrealized gains (losses) included in Net income 0 0    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0    
Purchases and issuances 0 0    
Sales and settlements (3) (1)    
Transfer into Level 3 4 0    
Transfer out of Level 3 (5) (2)    
Financial assets, Ending Balance 5 11    
Commercial MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 0 0    
Total realized/unrealized gains (losses) included in Net income 0 0    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0    
Purchases and issuances 0 0    
Sales and settlements 0 0    
Transfer into Level 3 0 0    
Transfer out of Level 3 0 0    
Financial assets, Ending Balance 0 0    
Collateralized loan obligations        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 2 0    
Total realized/unrealized gains (losses) included in Net income 0 0    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0    
Purchases and issuances 0 0    
Sales and settlements 0 0    
Transfer into Level 3 0 0    
Transfer out of Level 3 (1) 0    
Financial assets, Ending Balance 1 0    
Other asset-backed securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 329 278    
Total realized/unrealized gains (losses) included in Net income 0 2    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 4 (9)    
Purchases and issuances 7 47    
Sales and settlements (5) (15)    
Transfer into Level 3 0 34    
Transfer out of Level 3 0 0    
Financial assets, Ending Balance 335 337    
Corporate and other        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 319 267    
Total realized/unrealized gains (losses) included in Net income 5 0    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 2 (10)    
Purchases and issuances 44 28    
Sales and settlements (11) (7)    
Transfer into Level 3 0 0    
Transfer out of Level 3 0 (34)    
Financial assets, Ending Balance 359 244    
Equity securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 427 313    
Total realized/unrealized gains (losses) included in Net income (3) 22    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0    
Purchases and issuances 31 30    
Sales and settlements (22) (3)    
Transfer into Level 3 0 3    
Transfer out of Level 3 (22) (4)    
Financial assets, Ending Balance 411 361    
Assets of MIE        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 11 13    
Total realized/unrealized gains (losses) included in Net income (1) (1)    
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0    
Purchases and issuances 2 0    
Sales and settlements 0 0    
Transfer into Level 3 0 0    
Transfer out of Level 3 0 0    
Financial assets, Ending Balance $ 12 $ 12