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Investments in fixed maturity securities (Tables)
9 Months Ended
Sep. 30, 2022
Investments Debt And Equity Securities [Abstract]  
Schedule of investments in securities with fixed maturities

Investments in fixed maturity securities as of September 30, 2022 and December 31, 2021 are summarized by type below (in millions).

 

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury, U.S. government corporations and agencies

 

$

9,039

 

 

$

4

 

 

$

(268

)

 

$

8,775

 

Foreign governments

 

 

8,701

 

 

 

9

 

 

 

(205

)

 

 

8,505

 

Corporate bonds

 

 

830

 

 

 

205

 

 

 

(6

)

 

 

1,029

 

Other

 

 

275

 

 

 

22

 

 

 

(4

)

 

 

293

 

 

 

$

18,845

 

 

$

240

 

 

$

(483

)

 

$

18,602

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury, U.S. government corporations and agencies

 

$

3,286

 

 

$

22

 

 

$

(5

)

 

$

3,303

 

Foreign governments

 

 

10,998

 

 

 

29

 

 

 

(33

)

 

 

10,994

 

Corporate bonds

 

 

1,363

 

 

 

412

 

 

 

(1

)

 

 

1,774

 

Other

 

 

317

 

 

 

47

 

 

 

(1

)

 

 

363

 

 

 

$

15,964

 

 

$

510

 

 

$

(40

)

 

$

16,434

 

Schedule of amortized cost and estimated fair value of securities with fixed maturities The amortized cost and estimated fair value of fixed maturity securities at September 30, 2022 are summarized below by contractual maturity dates. Amounts are in millions. Actual maturities may differ from contractual maturities due to prepayment rights held by issuers.

 

 

 

Due in one
year or less

 

 

Due after one year through
five years

 

 

Due after five years through
ten years

 

 

Due after
ten years

 

 

Mortgage-
backed
securities

 

 

Total

 

Amortized cost

 

$

7,904

 

 

$

10,201

 

 

$

460

 

 

$

82

 

 

$

198

 

 

$

18,845

 

Fair value

 

 

7,753

 

 

 

9,895

 

 

 

654

 

 

 

85

 

 

 

215

 

 

 

18,602