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Schedule V — Valuation Allowances and Qualifying Accounts
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule V — Valuation Allowances and Qualifying Accounts
Schedule V — Valuation Allowances and Qualifying Accounts
($ in millions)Additions
DescriptionBalance as
of beginning
of period		Charged to costs and expenses
Other
additions
Deductions (1)
Balance
as of end
of period
Year ended December 31, 2024
Fixed income securities $36 $3 $— $22 $17 
Mortgage loans11 1 — — 12 
Bank loans22 — — 12 10 
Investments69 4 — 34 39 
Premium installment receivable138 414 — 365 187 
Reinsurance recoverables65 1 — 3 63 
Other assets18 — — 4 14 
Assets290 419 — 406 303 
Commitments to fund mortgage loans and bank loans1 — — 1 — 
Liabilities1 — — 1 — 
Total$291 $419 $— $407 $303 
Valuation allowance for deferred tax assets$69 $— $— $— $69 
Year ended December 31, 2023
Fixed income securities$13 $23 $— $— $36 
Mortgage loans 7 4 — — 11 
Bank loans 57 18 — 53 22 
Investments77 45 — 53 69 
Premium installment receivable132 348 — 342 138 
Reinsurance recoverables65 1 — 1 65 
Other assets19 — — 1 18 
Assets293 394 — 397 290 
Commitments to fund mortgage loans and bank loans— 1 — — 1 
Liabilities— 1 — — 1 
Total$293 $395 $— $397 $291 
Valuation allowance for deferred tax assets$34 $— $35 $— $69 
Year ended December 31, 2022
Fixed income securities$6 $7 $— $— $13 
Mortgage loans
6 1 — — 7 
Bank loans
61 26 — 30 57 
Investments73 34 — 30 77 
Premium installment receivable107 313 — 288 132 
Reinsurance recoverables74 — — 9 65 
Other assets26 — — 7 19 
Assets280 347 — 334 293 
Commitments to fund mortgage loans and bank loans— — — — — 
Liabilities— — — — — 
Total$280 $347 $— $334 $293 
Valuation allowance for deferred tax assets$24 $— $10 $— $34 
(1)Includes allowance for assets reclassified to held for sale.