Separate accounts (Tables)

3 Months Ended

Mar. 31, 2023

Separate Accounts Disclosure [Abstract]

Fair Value, Separate Account Investment

The following table presents the aggregate fair value of Separate account assets, by major security type:

	March 31		December 31
(in millions of U.S. dollars)	2023		2022
Cash and cash equivalents	$	116	$	141
Mutual funds	5,082		4,960
Fixed maturities	102		89
Total	$	5,300	$	5,190

Separate Account, Liability

The following table presents a roll-forward of separate account liabilities:

	Three Months Ended
	March 31
(in millions of U.S. dollars)	2023		2022
Balance – beginning of period	$	5,190	$	5,560
Premiums and deposits	158		467
Policy charges	(15)		(31)
Surrenders and withdrawals	(6)		(124)
Benefit payments	(98)		(95)
Investment performance	83		(283)
Other (including foreign exchange)	(12)		66
Balance – end of period	$	5,300	$	5,560
Cash surrender value (1)	$	5,124	$	4,994

(1) Cash surrender value represents the amount of the contract holder's account balances distributable at the balance sheet date less certain surrender charges.