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Investments in fixed maturity securities (Tables)
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in securities with fixed maturities

Investments in fixed maturity securities as of June 30, 2023 and December 31, 2022 are summarized by type below (in millions).

 

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

9,242

 

 

$

2

 

 

$

(192

)

 

$

9,052

 

Foreign governments

 

 

11,571

 

 

 

70

 

 

 

(160

)

 

 

11,481

 

Corporate bonds

 

 

1,333

 

 

 

228

 

 

 

(7

)

 

 

1,554

 

Other

 

 

250

 

 

 

20

 

 

 

(4

)

 

 

266

 

 

$

22,396

 

 

$

320

 

 

$

(363

)

 

$

22,353

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

10,039

 

 

$

12

 

 

$

(249

)

 

$

9,802

 

Foreign governments

 

 

10,454

 

 

 

50

 

 

 

(177

)

 

 

10,327

 

Corporate bonds

 

 

1,945

 

 

 

256

 

 

 

(6

)

 

 

2,195

 

Other

 

 

2,735

 

 

 

77

 

 

 

(8

)

 

 

2,804

 

 

$

25,173

 

 

$

395

 

 

$

(440

)

 

$

25,128

 

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 June 30, 2023 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

 

$

15,632

 

 

$

5,748

 

 

$

708

 

 

$

136

 

 

$

172

 

 

$

22,396

 

Fair value

 

 

15,452

 

 

 

5,654

 

 

 

916

 

 

 

145

 

 

 

186

 

 

 

22,353