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Fair Value of Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
Assets and liabilities measured at fair value
March 31, 2025
($ 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$10,697 $8 $—  $10,705 
Municipal— 7,472 2  7,474 
Corporate - public— 21,405 35  21,440 
Corporate - privately placed— 9,218 109 9,327 
Foreign government— 1,334 —  1,334 
ABS— 1,574 139 1,713 
Total fixed income securities10,697 41,011 285  51,993 
Equity securities (1)
3,586 313 416  4,315 
Short-term investments992 5,547 2  6,541 
Other investments— 2 1 $(1)2 
Other assets1 — 134  135 
Assets held for sale264 1,687 7 1,958 
Total recurring basis assets15,540 48,560 845 (1)64,944 
Non-recurring basis
— — 2  2 
Total assets at fair value$15,540 $48,560 $847 $(1)$64,946 
Investments reported at NAV1,012 
Total$65,958 
Liabilities     
Other liabilities$— $(7)$(1)$7 $(1)
Total recurring basis liabilities— (7)(1)7 (1)
Total liabilities at fair value$— $(7)$(1)$7 $(1)
(1)Excludes $150 million of preferred stock measured at cost.
Assets and liabilities measured at fair value
December 31, 2024
($ 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$11,099 $9 $—  $11,108 
Municipal— 8,840 2  8,842 
Corporate - public— 21,211 22  21,233 
Corporate - privately placed— 8,849 110 8,959 
Foreign government— 1,364 —  1,364 
ABS— 1,127 114 1,241 
Total fixed income securities11,099 41,400 248  52,747 
Equity securities (1)
3,600 306 407  4,313 
Short-term investments2,016 2,516 5  4,537 
Other investments— 21 1 $(19)3 
Other assets— — 134  134 
Assets held for sale241 1,536 7 1,784 
Total recurring basis assets16,956 45,779 802 (19)63,518 
Non-recurring basis— — 3  3 
Total assets at fair value$16,956 $45,779 $805 $(19)$63,521 
Investments reported at NAV1,096 
Total$64,617 
Liabilities     
Other liabilities$(1)$(1)$— $1 $(1)
Total recurring basis liabilities(1)(1)— 1 (1)
Total liabilities at fair value$(1)$(1)$— $1 $(1)
(1)Excludes $150 million of preferred stock measured at cost.
Schedule of Rollforward of Level 3 Assets and Liabilities Held at Fair Value
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended March 31, 2025
Balance as of
 December 31, 2024		Total gains (losses)
included in:		 Transfers Balance as of
 March 31, 2025
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesSettlements
Assets
Fixed income securities:
Municipal$2 $— $— $— $— $— $— $— $2 
Corporate - public22 (1)1 — (7)20 — — 35 
Corporate - privately placed110 (1)— — — — — — 109 
ABS114 — — 26 — — — (1)139 
Total fixed income securities248 (2)1 26 (7)20 — (1)285 
Equity securities407 14 — — — 4 (9)— 416 
Short-term investments5 — — — — 1 (4)— 2 
Other investments1 — — — — — — — 1 
Other assets134 — — — — — — — 134 
Assets held for sale
7 — — — — — — — 7 
Total recurring Level 3 assets$802 $12 $1 $26 $(7)$25 $(13)$(1)$845 
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended March 31, 2024
Balance as of
 December 31, 2023		Total gains (losses)
 included in:		 Transfers Balance as of
 March 31, 2024
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesSettlements
Assets
Fixed income securities:
Municipal$11 $— $— $— $— $— $(1)$(2)$8 
Corporate - public26 — 2 — — — (5)— 23 
Corporate - privately placed58 (4)— — — — — — 54 
ABS58 — — — — — — — 58 
Total fixed income securities153 (4)2 — — — (6)(2)143 
Equity securities402 9 — — — — (3)— 408 
Short-term investments1 — — — — 20 — — 21 
Other investments2 — — — — — — — 2 
Other assets118 2 — — — — — — 120 
Total recurring Level 3 assets$676 $7 $2 $— $— $20 $(9)$(2)$694 
Total Level 3 gains (losses) included in net income
Three months ended March 31,
($ in millions)20252024
Net investment income$13 $— 
Net gains (losses) on investments and derivatives
(1)5 
Operating costs and expenses
— 2 
Schedule of Valuation Changes Included in Net Income and OCI for Level 3 Assets and Liabilities
Valuation changes included in net income and OCI for Level 3 assets and liabilities still held
Three months ended March 31,
($ in millions)20252024
Assets  
Fixed income securities:
Corporate - public$(1)$— 
Corporate - privately placed— (4)
Total fixed income securities(1)(4)
Equity securities15 9 
Other assets— 2 
Total recurring Level 3 assets$14 $7 
Total included in net income$14 $7 
Components of net income
Net investment income$14 $— 
Net gains (losses) on investments and derivatives— 5 
Operating costs and expenses— 2 
Total included in net income$14 $7 
Assets
Corporate - public$1 $2 
Changes in unrealized net capital gains and losses reported in OCI$1 $2 
Schedule of Financial Instruments Not Carried at Fair Value
Financial instruments not carried at fair value
($ in millions)March 31, 2025December 31, 2024
Financial assetsFair value level
Amortized cost, net (1)
Fair
value
Amortized cost, net (1)
Fair
value
Mortgage loansLevel 3$770 $741 $784 $746 
Bank loansLevel 3274 279 201 207 
Financial liabilitiesFair value level
Carrying value (1)
Fair
value
Carrying value (1)
Fair
value
DebtLevel 2$8,086 $7,813 $8,085 $7,740 
Liability for collateralLevel 22,137 2,137 2,041 2,041 
Liabilities held for sale
Level 339 39 40 40 
(1)Represents the amounts reported on the Condensed Consolidated Statements of Financial Position.