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Fair Value of Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities that are measured at fair value on a recurring and non-recurring basis
Assets and liabilities measured at fair value
March 31, 2023
($ in millions)Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Counterparty and cash collateral nettingTotal
Assets     
Fixed income securities:     
U.S. government and agencies$7,678 $17 $—  $7,695 
Municipal— 6,307 17  6,324 
Corporate - public— 20,320 29  20,349 
Corporate - privately placed— 7,638 49 7,687 
Foreign government— 1,091 —  1,091 
ABS— 930 27 957 
Total fixed income securities7,678 36,303 122  44,103 
Equity securities1,523 293 358 
 
2,174 
Short-term investments2,034 4,682 6  6,722 
Other investments— 10 2 $— 12 
Other assets4 — 112  116 
Total recurring basis assets11,239 41,288 600 — 53,127 
Non-recurring basis
— — 19  19 
Total assets at fair value$11,239 $41,288 $619 $— $53,146 
% of total assets at fair value21.1 %77.7 %1.2 %— %100.0 %
Investments reported at NAV1,228 
Total$54,374 
Liabilities     
Other liabilities$(5)$(16)$— $16 $(5)
Total recurring basis liabilities(5)(16)— 16 (5)
Total liabilities at fair value$(5)$(16)$— $16 $(5)
% of total liabilities at fair value100.0 %320.0 %— %(320.0)%100.0 %
Assets and liabilities measured at fair value
December 31, 2022
($ in millions)Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Counterparty and cash collateral nettingTotal
Assets     
Fixed income securities:     
U.S. government and agencies$7,878 $20 $—  $7,898 
Municipal— 6,189 21  6,210 
Corporate - public— 18,547 69  18,616 
Corporate - privately placed— 7,592 55 7,647 
Foreign government— 957 —  957 
ABS— 1,129 28 1,157 
Total fixed income securities7,878 34,434 173  42,485 
Equity securities3,936 298 333 
 
4,567 
Short-term investments508 3,659 6 
 
4,173 
Other investments— 23 3 $(22)4 
Other assets3 — 103  106 
Total recurring basis assets12,325 38,414 618 (22)51,335 
Non-recurring basis— — 23  23 
Total assets at fair value$12,325 $38,414 $641 $(22)$51,358 
% of total assets at fair value24.0 %74.8 %1.2 %— %100.0 %
Investments reported at NAV1,246 
Total$52,604 
Liabilities     
Other liabilities$(1)$(25)$— $21 $(5)
Total recurring basis liabilities(1)(25)— 21 (5)
Total liabilities at fair value$(1)$(25)$— $21 $(5)
% of total liabilities at fair value20.0 %500.0 %— %(420.0)%100.0 %
Schedule of the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended March 31, 2023
Balance as of
 December 31, 2022		Total gains (losses) included in: Transfers Balance as of
 March 31, 2023
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$21 $— $— $— $— $— $(3)$— $(1)$17 
Corporate - public69 (1)2 — — — (41)— — 29 
Corporate - privately placed55 (4)— — — — (2)— — 49 
ABS28 — — — — — — — (1)27 
Total fixed income securities173 (5)2 — — — (46)— (2)122 
Equity securities333 — — — — 42 (17)— — 358 
Short-term investments6 — — — — — — — — 6 
Other investments3 (1)— — — — — — — 2 
Other assets103 9 — — — — — — — 112 
Total recurring Level 3 assets$618 $3 $2 $— $— $42 $(63)$— $(2)$600 
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended March 31, 2022
Balance as of
 December 31, 2021		Total gains (losses) included in: Transfers Balance as of
 March 31, 2022
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$18 $— $— $— $— $— $— $— $(1)$17 
Corporate - public20 — (2)— — 35 (4)— — 49 
Corporate - privately placed66 — 1 — — 63 — — — 130 
ABS40 1 — — (28)7 — — (1)19 
Total fixed income securities144 1 (1)— (28)105 (4)— (2)215 
Equity securities349 25 — — — 2 (3)— — 373 
Short-term investments5 — — — — 6 — — — 11 
Other investments2 — — — — — — — — 2 
Other assets65 12 — — — — — — — 77 
Total recurring Level 3 assets$565 $38 $(1)$— $(28)$113 $(7)$— $(2)$678 
Total Level 3 gains (losses) included in net income
Three months ended March 31,
($ in millions)20232022
Net investment income$(5)$9 
Net gains (losses) on investments and derivatives8 29 
Schedule of gains and losses included in net income for Level 3 assets and liabilities still held at the balance sheet date
Valuation changes included in net income and OCI for Level 3 assets and liabilities held as of March 31,
Three months ended March 31,
($ in millions)20232022
Assets  
Fixed income securities:
Corporate - privately placed$(4)$— 
Total fixed income securities(4)— 
Equity securities(1)25 
Other investments(1)— 
Other assets9 12 
Total recurring Level 3 assets$3 $37 
Total included in net income$3 $37 
Components of net income
Net investment income$(5)$9 
Net gains (losses) on investments and derivatives8 28 
Total included in net income$3 $37 
Assets
Corporate - public$1 $(2)
Corporate - privately placed— 1 
Changes in unrealized net capital gains and losses reported in OCI$1 $(1)
Schedule of carrying values and fair value estimates of financial instruments not carried at fair value
Financial instruments not carried at fair value
($ in millions)March 31, 2023December 31, 2022
Financial assetsFair value levelAmortized cost, net
Fair
value
Amortized cost, net
Fair
value
Mortgage loansLevel 3$781 $724 $762 $700 
Bank loansLevel 3698 706 686 686 
Financial liabilitiesFair value level
Carrying value (1)
Fair
value
Carrying value (1)
Fair
value
Contractholder funds on investment contractsLevel 3$48 $48 $50 $50 
DebtLevel 28,452 8,089 7,964 7,449 
Liability for collateralLevel 21,807 1,807 2,011 2,011 
(1)Represents the amounts reported on the Condensed Consolidated Statements of Financial Position.