XML 93 R80.htm IDEA: XBRL DOCUMENT v3.21.2
Investments - Fixed Maturity Securities and Short Term Investments (Details) - USD ($)
$ in Millions
Sep. 30, 2021
Jun. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Dec. 31, 2019
Schedule of Investments [Line Items]            
Percent of Total 100.00%   100.00%      
Amortized Cost $ 8,882   $ 9,055      
Allowance for Credit Losses (35) $ (39) (78) $ (76) $ (75) $ 0
Gross Unrealized Gains 558   698      
Gross Unrealized Losses (48)   (51)      
Estimated Fair Value 9,357   9,624      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ (23)   $ (39)      
Government agency obligations as a percentage of total mortgage backed securities 32.00%   35.00%      
Fixed-maturity securities            
Schedule of Investments [Line Items]            
Percent of Total 92.00%   91.00%      
Amortized Cost $ 8,188   $ 8,204      
Allowance for Credit Losses (35)   (78)      
Gross Unrealized Gains 558   698      
Gross Unrealized Losses (48)   (51)      
Estimated Fair Value 8,663   8,773      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ (23)   $ (39)      
Fixed-maturity securities | Obligations of state and political subdivisions            
Schedule of Investments [Line Items]            
Percent of Total 40.00%   40.00%      
Amortized Cost $ 3,550   $ 3,633      
Allowance for Credit Losses (12)   (11)      
Gross Unrealized Gains 319   369      
Gross Unrealized Losses (4)   0      
Estimated Fair Value 3,853   3,991      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ 0   $ 0      
Fixed-maturity securities | U.S. government and agencies            
Schedule of Investments [Line Items]            
Percent of Total 1.00%   2.00%      
Amortized Cost $ 125   $ 151      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 8   12      
Gross Unrealized Losses (2)   (1)      
Estimated Fair Value 131   162      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ 0   $ 0      
Fixed-maturity securities | Corporate securities            
Schedule of Investments [Line Items]            
Percent of Total 29.00%   26.00%      
Amortized Cost $ 2,593   $ 2,366      
Allowance for Credit Losses (1)   (42)      
Gross Unrealized Gains 136   210      
Gross Unrealized Losses (21)   (21)      
Estimated Fair Value 2,707   2,513      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ (4)   $ (16)      
Fixed-maturity securities | RMBS            
Schedule of Investments [Line Items]            
Percent of Total 5.00%   6.00%      
Amortized Cost $ 486   $ 571      
Allowance for Credit Losses (15)   (19)      
Gross Unrealized Gains 29   35      
Gross Unrealized Losses (16)   (21)      
Estimated Fair Value 484   566      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ (16)   $ (20)      
Fixed-maturity securities | CMBS            
Schedule of Investments [Line Items]            
Percent of Total 4.00%   4.00%      
Amortized Cost $ 335   $ 358      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 19   29      
Gross Unrealized Losses 0   0      
Estimated Fair Value 354   387      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ 0   $ 0      
Fixed-maturity securities | CLOs            
Schedule of Investments [Line Items]            
Percent of Total 6.00%   6.00%      
Amortized Cost $ 541   $ 531      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 2   2      
Gross Unrealized Losses 0   (1)      
Estimated Fair Value 543   532      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ 0   $ 0      
Fixed-maturity securities | Others            
Schedule of Investments [Line Items]            
Percent of Total 5.00%   5.00%      
Amortized Cost $ 423   $ 427      
Allowance for Credit Losses (7)   (6)      
Gross Unrealized Gains 40   31      
Gross Unrealized Losses (2)   (3)      
Estimated Fair Value 454   449      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ (2)   $ (3)      
Fixed-maturity securities | Non-U.S. government securities            
Schedule of Investments [Line Items]            
Percent of Total 2.00%   2.00%      
Amortized Cost $ 135   $ 167      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 5   10      
Gross Unrealized Losses (3)   (4)      
Estimated Fair Value 137   173      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ (1)   $ 0      
Short-term investments            
Schedule of Investments [Line Items]            
Percent of Total 8.00%   9.00%      
Amortized Cost $ 694   $ 851      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses 0   0      
Estimated Fair Value 694   851      
AOCI Pre-tax Gain (Loss) on Securities with Credit Loss $ 0   $ 0