XML 94 R74.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value of Assets and Liabilities - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Fixed income securities, at fair value $ 51,993 $ 52,747
Equity securities 4,465 4,463
Short-term investments 6,541 4,537
Other investments 901 824
Assets held for sale 3,786 3,092
Total assets at fair value 64,946 63,521
Counterparty and cash collateral netting (1) (19)
Total 65,958 64,617
Liabilities    
Preferred stock measured at cost 150 150
U.S. government and agencies    
Assets    
Fixed income securities, at fair value 10,705 11,108
Municipal    
Assets    
Fixed income securities, at fair value 7,474 8,842
Foreign government    
Assets    
Fixed income securities, at fair value 1,334 1,364
ABS    
Assets    
Fixed income securities, at fair value 1,713 1,241
Quoted prices in active markets for identical assets (Level 1)    
Assets    
Total assets at fair value 15,540 16,956
Significant other observable inputs (Level 2)    
Assets    
Total assets at fair value 48,560 45,779
Significant unobservable inputs (Level 3)    
Assets    
Total assets at fair value 847 805
Reported to NAV    
Assets    
Investments reported at NAV 1,012 1,096
Recurring basis    
Assets    
Fixed income securities, at fair value 51,993 52,747
Equity securities 4,315 4,313
Short-term investments 6,541 4,537
Other investments 2 3
Other investments (1) (19)
Other assets 135 134
Assets held for sale 1,958 1,784
Total assets at fair value 64,944 63,518
Counterparty and cash collateral netting (1) (19)
Liabilities    
Other liabilities (1) (1)
Other liabilities 7 1
Counterparty and cash collateral netting 7 1
Total recurring basis liabilities (1) (1)
Recurring basis | U.S. government and agencies    
Assets    
Fixed income securities, at fair value 10,705 11,108
Recurring basis | Municipal    
Assets    
Fixed income securities, at fair value 7,474 8,842
Recurring basis | Corporate - public    
Assets    
Fixed income securities, at fair value 21,440 21,233
Recurring basis | Corporate - privately placed    
Assets    
Fixed income securities, at fair value 9,327 8,959
Recurring basis | Foreign government    
Assets    
Fixed income securities, at fair value 1,334 1,364
Recurring basis | ABS    
Assets    
Fixed income securities, at fair value 1,713 1,241
Recurring basis | Quoted prices in active markets for identical assets (Level 1)    
Assets    
Fixed income securities, at fair value 10,697 11,099
Equity securities 3,586 3,600
Short-term investments 992 2,016
Other investments 0 0
Other assets 1 0
Assets held for sale 264 241
Total assets at fair value 15,540 16,956
Liabilities    
Other liabilities 0 (1)
Total recurring basis liabilities 0 (1)
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | U.S. government and agencies    
Assets    
Fixed income securities, at fair value 10,697 11,099
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Municipal    
Assets    
Fixed income securities, at fair value 0 0
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Corporate - public    
Assets    
Fixed income securities, at fair value 0 0
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Corporate - privately placed    
Assets    
Fixed income securities, at fair value 0 0
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Foreign government    
Assets    
Fixed income securities, at fair value 0 0
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | ABS    
Assets    
Fixed income securities, at fair value 0 0
Recurring basis | Significant other observable inputs (Level 2)    
Assets    
Fixed income securities, at fair value 41,011 41,400
Equity securities 313 306
Short-term investments 5,547 2,516
Other investments 2 21
Other assets 0 0
Assets held for sale 1,687 1,536
Total assets at fair value 48,560 45,779
Liabilities    
Other liabilities (7) (1)
Total recurring basis liabilities (7) (1)
Recurring basis | Significant other observable inputs (Level 2) | U.S. government and agencies    
Assets    
Fixed income securities, at fair value 8 9
Recurring basis | Significant other observable inputs (Level 2) | Municipal    
Assets    
Fixed income securities, at fair value 7,472 8,840
Recurring basis | Significant other observable inputs (Level 2) | Corporate - public    
Assets    
Fixed income securities, at fair value 21,405 21,211
Recurring basis | Significant other observable inputs (Level 2) | Corporate - privately placed    
Assets    
Fixed income securities, at fair value 9,218 8,849
Recurring basis | Significant other observable inputs (Level 2) | Foreign government    
Assets    
Fixed income securities, at fair value 1,334 1,364
Recurring basis | Significant other observable inputs (Level 2) | ABS    
Assets    
Fixed income securities, at fair value 1,574 1,127
Recurring basis | Significant unobservable inputs (Level 3)    
Assets    
Fixed income securities, at fair value 285 248
Equity securities 416 407
Short-term investments 2 5
Other investments 1 1
Other assets 134 134
Assets held for sale 7 7
Total assets at fair value 845 802
Liabilities    
Other liabilities (1) 0
Total recurring basis liabilities (1) 0
Recurring basis | Significant unobservable inputs (Level 3) | U.S. government and agencies    
Assets    
Fixed income securities, at fair value 0 0
Recurring basis | Significant unobservable inputs (Level 3) | Municipal    
Assets    
Fixed income securities, at fair value 2 2
Recurring basis | Significant unobservable inputs (Level 3) | Corporate - public    
Assets    
Fixed income securities, at fair value 35 22
Recurring basis | Significant unobservable inputs (Level 3) | Corporate - privately placed    
Assets    
Fixed income securities, at fair value 109 110
Recurring basis | Significant unobservable inputs (Level 3) | Foreign government    
Assets    
Fixed income securities, at fair value 0 0
Recurring basis | Significant unobservable inputs (Level 3) | ABS    
Assets    
Fixed income securities, at fair value 139 114
Non-recurring basis    
Assets    
Total assets at fair value 2 3
Non-recurring basis | Quoted prices in active markets for identical assets (Level 1)    
Assets    
Total assets at fair value 0 0
Non-recurring basis | Significant other observable inputs (Level 2)    
Assets    
Total assets at fair value 0 0
Non-recurring basis | Significant unobservable inputs (Level 3)    
Assets    
Total assets at fair value $ 2 $ 3