Separate accounts (Tables)

6 Months Ended

Jun. 30, 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:

	June 30		December 31
(in millions of U.S. dollars)	2023		2022
Cash and cash equivalents	$	98	$	141
Mutual funds	5,382		4,960
Fixed maturities	94		89
Total	$	5,574	$	5,190

Separate Account, Liability

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

	Six Months Ended
	June 30
(in millions of U.S. dollars)	2023		2022
Balance – beginning of period	$	5,190	$	5,560
Premiums and deposits	517		796
Policy charges	(70)		(60)
Surrenders and withdrawals	(246)		(196)
Benefit payments	(193)		(193)
Investment performance	361		(936)
Other (including foreign exchange)	15		(146)
Balance – end of period	$	5,574	$	4,825
Cash surrender value (1)	$	5,369	$	4,625

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