XML 62 R50.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments - Gross unrealized losses on securities by investment category and length of time that have been in a continuous unrealized loss position (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Total fixed maturities    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ (15) $ (7)
Fair value - less than twelve months $ 1,177 $ 428
Fair value as percentage of cost - less than twelve months 99.00% 98.00%
Unrealized Loss - twelve months or more $ (438) $ (463)
Fair Value - twelve months or more $ 5,113 $ 5,999
Fair value as percentage of cost - twelve months or more 92.00% 93.00%
U.S. government and government agencies    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ 0 $ 0
Fair value - less than twelve months $ 33 $ 11
Fair value as percentage of cost - less than twelve months 100.00% 100.00%
Unrealized Loss - twelve months or more $ (6) $ (8)
Fair Value - twelve months or more $ 130 $ 191
Fair value as percentage of cost - twelve months or more 96.00% 96.00%
States, municipalities and political subdivisions    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ (5) $ (1)
Fair value - less than twelve months $ 179 $ 76
Fair value as percentage of cost - less than twelve months 97.00% 99.00%
Unrealized Loss - twelve months or more $ (48) $ (37)
Fair Value - twelve months or more $ 530 $ 526
Fair value as percentage of cost - twelve months or more 92.00% 93.00%
Foreign government    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ (1) $ 0
Fair value - less than twelve months $ 73 $ 0
Fair value as percentage of cost - less than twelve months 99.00% 0.00%
Unrealized Loss - twelve months or more $ (3) $ (7)
Fair Value - twelve months or more $ 145 $ 207
Fair value as percentage of cost - twelve months or more 98.00% 97.00%
Residential MBS    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ (2) $ (1)
Fair value - less than twelve months $ 190 $ 42
Fair value as percentage of cost - less than twelve months 99.00% 98.00%
Unrealized Loss - twelve months or more $ (161) $ (154)
Fair Value - twelve months or more $ 962 $ 1,089
Fair value as percentage of cost - twelve months or more 86.00% 88.00%
Commercial MBS    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ 0 $ 0
Fair value - less than twelve months $ 5 $ 0
Fair value as percentage of cost - less than twelve months 100.00% 0.00%
Unrealized Loss - twelve months or more $ 0 $ (1)
Fair Value - twelve months or more $ 39 $ 61
Fair value as percentage of cost - twelve months or more 100.00% 98.00%
Collateralized loan obligations    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ 0 $ 0
Fair value - less than twelve months $ 26 $ 25
Fair value as percentage of cost - less than twelve months 100.00% 100.00%
Unrealized Loss - twelve months or more $ (19) $ (28)
Fair Value - twelve months or more $ 326 $ 807
Fair value as percentage of cost - twelve months or more 94.00% 97.00%
Other asset-backed securities    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ (1) $ (1)
Fair value - less than twelve months $ 124 $ 151
Fair value as percentage of cost - less than twelve months 99.00% 99.00%
Unrealized Loss - twelve months or more $ (94) $ (119)
Fair Value - twelve months or more $ 1,530 $ 1,663
Fair value as percentage of cost - twelve months or more 94.00% 93.00%
Corporate and other    
Available for sale securities in a continuous unrealized loss position    
Unrealized loss - less than twelve months $ (6) $ (4)
Fair value - less than twelve months $ 547 $ 123
Fair value as percentage of cost - less than twelve months 99.00% 97.00%
Unrealized Loss - twelve months or more $ (107) $ (109)
Fair Value - twelve months or more $ 1,451 $ 1,455
Fair value as percentage of cost - twelve months or more 93.00% 93.00%