XML 87 R77.htm IDEA: XBRL DOCUMENT v3.23.3
Investments (Investments in Fixed Maturity and Equity Securities Available-for-Sale by Sector) (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost $ 62,332 $ 59,663
Fixed maturity securities, available-for-sale 54,171 [1] 52,901 [2]
Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 62,332 59,663
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 390 594
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 8,483 7,319
Fixed maturity securities, available-for-sale $ 54,171 $ 52,901
% of Total 100.00% 100.00%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 68 $ 37
Corporate Debt Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 41,463 38,963
Fixed maturity securities, available-for-sale $ 35,503 [1] $ 33,969 [2]
% of Total 100.00% 100.00%
Corporate Debt Securities [Member] | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost $ 41,463 $ 38,963
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 170 168
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 6,075 5,135
Fixed maturity securities, available-for-sale $ 35,503 $ 33,969
% of Total 65.50% 64.20%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 55 $ 27
Canadian and Canadian provincial governments    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturity securities, available-for-sale 3,348 [1] 3,626 [2]
Canadian and Canadian provincial governments | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 3,336 3,311
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 169 381
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 157 66
Fixed maturity securities, available-for-sale $ 3,348 $ 3,626
% of Total 6.20% 6.90%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
Residential mortgage-backed securities    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturity securities, available-for-sale 1,030 [1] 941 [2]
Residential mortgage-backed securities | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 1,172 1,054
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 3 1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 145 114
Fixed maturity securities, available-for-sale $ 1,030 $ 941
% of Total 1.90% 1.80%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
Asset-backed Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturity securities, available-for-sale 4,236 [1] 3,878 [2]
Asset-backed Securities [Member] | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 4,562 4,324
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 16 4
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 330 440
Fixed maturity securities, available-for-sale $ 4,236 $ 3,878
% of Total 7.80% 7.30%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 12 $ 10
Commercial Mortgage Backed Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturity securities, available-for-sale 1,710 [1] 1,623 [2]
Commercial Mortgage Backed Securities [Member] | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 1,959 1,835
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 2 0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 250 212
Fixed maturity securities, available-for-sale $ 1,710 $ 1,623
% of Total 3.20% 3.10%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 1 $ 0
US Treasury and Government [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturity securities, available-for-sale 1,060 [1] 1,482 [2]
US Treasury and Government [Member] | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 1,346 1,690
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 0 4
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 286 212
Fixed maturity securities, available-for-sale $ 1,060 $ 1,482
% of Total 2.00% 2.80%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
US States and Political Subdivisions Debt Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturity securities, available-for-sale 1,047 [1] 1,119 [2]
US States and Political Subdivisions Debt Securities [Member] | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 1,242 1,282
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 4 10
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 199 173
Fixed maturity securities, available-for-sale $ 1,047 $ 1,119
% of Total 1.90% 2.10%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
Debt Security, Government, Non-US [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturity securities, available-for-sale 3,522 [1] 3,704 [2]
Debt Security, Government, Non-US [Member] | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 4,047 4,171
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 23 22
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 548 489
Fixed maturity securities, available-for-sale $ 3,522 $ 3,704
% of Total 6.50% 7.00%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
JAPAN | Fixed Maturities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 3,205 3,033
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 3 4
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 493 478
Fixed maturity securities, available-for-sale $ 2,715 $ 2,559
% of Total 5.00% 4.80%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
[1] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2023, the fair value of such investments was $818 million.
[2] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2022, the fair value of such investments was $683 million