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Fair Value of Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
Assets and liabilities measured at fair value
September 30, 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$8,232 $13 $—  $8,245 
Municipal— 6,573 11  6,584 
Corporate - public— 22,034 25  22,059 
Corporate - privately placed— 7,588 59 7,647 
Foreign government— 1,135 —  1,135 
ABS— 1,063 38 1,101 
Total fixed income securities8,232 38,406 133  46,771 
Equity securities1,892 144 383 
 
2,419 
Short-term investments1,478 1,874 16  3,368 
Other investments— 20 2 $(16)6 
Other assets2 — 113  115 
Total recurring basis assets11,604 40,444 647 (16)52,679 
Non-recurring basis
— — —  — 
Total assets at fair value$11,604 $40,444 $647 $(16)$52,679 
% of total assets at fair value22.0 %76.8 %1.2 %— %100.0 %
Investments reported at NAV1,194 
Total$53,873 
Liabilities     
Other liabilities$(3)$(10)$— $4 $(9)
Total recurring basis liabilities(3)(10)— 4 (9)
Total liabilities at fair value$(3)$(10)$— $4 $(9)
% of total liabilities at fair value33.3 %111.1 %— %(44.4)%100.0 %
Assets and liabilities measured at fair value
December 31, 2022
($ 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 $(5)
% of total liabilities at fair value20.0 %500.0 %— %(420.0)%100.0 %
Schedule of Rollforward of Level 3 Assets and Liabilities Held at Fair Value
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended September 30, 2023
Balance as of
 June 30, 2023		Total gains (losses)
included in:		 Transfers Balance as of
 September 30, 2023
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$12 $— $— $— $— $— $(1)$— $— $11 
Corporate - public26 — (1)— — — — — — 25 
Corporate - privately placed60 — (1)— — — — — — 59 
ABS34 — — — — 4 — — — 38 
Total fixed income securities132 — (2)— — 4 (1)— — 133 
Equity securities381 15 — — — — (13)— — 383 
Short-term investments6 — — — — 10 — — — 16 
Other investments2 — — — — — — — — 2 
Other assets104 9 — — — — — — — 113 
Total recurring Level 3 assets$625 $24 $(2)$— $— $14 $(14)$— $— $647 
Rollforward of Level 3 assets and liabilities held at fair value during the nine month period ended September 30, 2023
Balance as of December 31, 2022Total gains (losses)
 included in:		 Transfers Balance as of September 30, 2023
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$21 $3 $(1)$— $— $— $(10)$— $(2)$11 
Corporate - public69 (1)1 — — — (44)— — 25 
Corporate - privately placed55 (11)— 16 — 1 (2)— — 59 
ABS28 — — — — 11 — — (1)38 
Total fixed income securities173 (9)— 16 — 12 (56)— (3)133 
Equity securities333 22 — — — 70 (42)— — 383 
Short-term investments6 — — — — 10 — — — 16 
Other investments3 (1)— — — — — — — 2 
Other assets103 10 — — — — — — — 113 
Total recurring Level 3 assets$618 $22 $— $16 $— $92 $(98)$— $(3)$647 
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended September 30, 2022
Balance as of
 June 30, 2022		Total gains (losses)
 included in:		 Transfers Balance as of
 September 30, 2022
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$18 $— $— $2 $(1)$— $— $— $— $19 
Corporate - public77 — (2)— — — (7)— — 68 
Corporate - privately placed73 1 1 — — 18 (22)— — 71 
ABS18 — — — — 30 — — — 48 
Total fixed income securities186 1 (1)2 (1)48 (29)— — 206 
Equity securities372 (16)— — — 8 (37)— — 327 
Short-term investments8 — — — — — — — (2)6 
Other investments2 — — — — — — — — 2 
Other assets108 (4)— — — — — — — 104 
Total recurring Level 3 assets$676 $(19)$(1)$2 $(1)$56 $(66)$— $(2)$645 
Rollforward of Level 3 assets and liabilities held at fair value during the nine month period ended September 30, 2022
Balance as of
December 31, 2021		Total gains (losses)
 included in:		 Transfers Balance as of September 30, 2022
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$18 $— $1 $2 $— $— $— $— $(2)$19 
Corporate - public20 — (6)— — 66 (10)— (2)68 
Corporate - privately placed66 20 (1)— — 32 (46)— — 71 
ABS40 1 — — (28)37 — — (2)48 
Total fixed income securities144 21 (6)2 (28)135 (56)— (6)206 
Equity securities349 13 — — — 10 (45)— — 327 
Short-term investments5 — — — — 23 — — (22)6 
Other investments2 — — — — — — — — 2 
Other assets65 39 — — — — — — — 104 
Total recurring Level 3 assets$565 $73 $(6)$2 $(28)$168 $(101)$— $(28)$645 
Total Level 3 gains (losses) included in net income
Three months ended September 30,Nine months ended September 30,
($ in millions)2023202220232022
Net investment income$(1)$4 $(3)$17 
Net gains (losses) on investments and derivatives25 (23)25 56 
Schedule of Valuation Changes Included in Net Income and OCI for Level 3 Assets and Liabilities
Valuation changes included in net income and OCI for Level 3 assets and liabilities held as of September 30,
Three months ended September 30,Nine months ended September 30,
($ in millions)2023202220232022
Assets    
Fixed income securities:
Corporate - privately placed$— $1 $(11)$1 
Total fixed income securities— 1 (11)1 
Equity securities15 (16)21 11 
Other investments— — (1)— 
Other assets9 (4)10 39 
Total recurring Level 3 assets$24 $(19)$19 $51 
Total included in net income$24 $(19)$19 $51 
Components of net income
Net investment income$(1)$3 $(3)$16 
Net gains (losses) on investments and derivatives25 (22)22 35 
Total included in net income$24 $(19)$19 $51 
Assets
Municipal$— $— $— $1 
Corporate - public(1)(3)— (6)
Corporate - privately placed(1)(1)— (2)
Changes in unrealized net capital gains and losses reported in OCI$(2)$(4)$— $(7)
Schedule of Financial Instruments Not Carried at Fair Value
Financial instruments not carried at fair value
($ in millions)September 30, 2023December 31, 2022
Financial assetsFair value levelAmortized cost, net
Fair
value
Amortized cost, net
Fair
value
Mortgage loansLevel 3$830 $752 $762 $700 
Bank loansLevel 3679 704 686 686 
Financial liabilitiesFair value level
Carrying value (1)
Fair
value
Carrying value (1)
Fair
value
Contractholder funds on investment contractsLevel 3$47 $47 $50 $50 
DebtLevel 27,946 7,197 7,964 7,449 
Liability for collateralLevel 21,746 1,746 2,011 2,011 
(1)Represents the amounts reported on the Condensed Consolidated Statements of Financial Position.