XML 109 R93.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value - Fair Value Hierarchy (Details) - Recurring - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value $ 8,745 $ 7,188
Liabilities measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential Mortgage    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 5,792 5,145
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 5,792 5,145
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value | Commercial mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value | Mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed maturities available for sale, at fair value | Municipal bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 1,786 1,198
Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 1,151 829
Quoted Prices in Active Markets for Identical Assets (Level 1) | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 16 16
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 13 5
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 1
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 3 10
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value option | Other investments fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 18,927 15,474
Liabilities measured at fair value (119) (76)
Significant Other Observable Inputs (Level 2) | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value (119) (76)
Significant Other Observable Inputs (Level 2) | Other liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value 0 0
Significant Other Observable Inputs (Level 2) | Residential Mortgage    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2 2
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 17,614 14,417
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 10,708 7,899
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 22 17
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2,250 1,927
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2,062 2,313
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value | Commercial mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 1,213 1,047
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value | Mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 1,103 795
Significant Other Observable Inputs (Level 2) | Fixed maturities available for sale, at fair value | Municipal bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 256 419
Significant Other Observable Inputs (Level 2) | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 193 134
Significant Other Observable Inputs (Level 2) | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 30 28
Significant Other Observable Inputs (Level 2) | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 197 149
Significant Other Observable Inputs (Level 2) | Fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 891 744
Significant Other Observable Inputs (Level 2) | Fair value option | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 662 543
Significant Other Observable Inputs (Level 2) | Fair value option | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Other Observable Inputs (Level 2) | Fair value option | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2 2
Significant Other Observable Inputs (Level 2) | Fair value option | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 6 4
Significant Other Observable Inputs (Level 2) | Fair value option | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 11 32
Significant Other Observable Inputs (Level 2) | Fair value option | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Other Observable Inputs (Level 2) | Fair value option | Other investments fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 210 163
Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 356 161
Liabilities measured at fair value (22) (14)
Significant Unobservable Inputs (Level 3) | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Other liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value (22) (14)
Significant Unobservable Inputs (Level 3) | Residential Mortgage    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 147 121
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 147 121
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value | Commercial mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value | Mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fixed maturities available for sale, at fair value | Municipal bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 84 0
Significant Unobservable Inputs (Level 3) | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 5 3
Significant Unobservable Inputs (Level 3) | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 120 37
Significant Unobservable Inputs (Level 3) | Fair value option | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fair value option | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fair value option | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fair value option | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 0 0
Significant Unobservable Inputs (Level 3) | Fair value option | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 10 0
Significant Unobservable Inputs (Level 3) | Fair value option | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 4 4
Significant Unobservable Inputs (Level 3) | Fair value option | Other investments fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 106 33
Estimated Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 29,489 23,670
Liabilities measured at fair value (141) (90)
Estimated Fair Value | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value (119) (76)
Estimated Fair Value | Other liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities measured at fair value (22) (14)
Estimated Fair Value | Residential Mortgage    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2 2
Estimated Fair Value | Fixed maturities available for sale, at fair value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 23,553 19,683
Estimated Fair Value | Fixed maturities available for sale, at fair value | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 10,855 8,020
Estimated Fair Value | Fixed maturities available for sale, at fair value | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 5,814 5,162
Estimated Fair Value | Fixed maturities available for sale, at fair value | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2,250 1,927
Estimated Fair Value | Fixed maturities available for sale, at fair value | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2,062 2,313
Estimated Fair Value | Fixed maturities available for sale, at fair value | Commercial mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 1,213 1,047
Estimated Fair Value | Fixed maturities available for sale, at fair value | Mortgage backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 1,103 795
Estimated Fair Value | Fixed maturities available for sale, at fair value | Municipal bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 256 419
Estimated Fair Value | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2,063 1,332
Estimated Fair Value | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 1,186 860
Estimated Fair Value | Derivative instruments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 197 149
Estimated Fair Value | Fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2,488 1,644
Estimated Fair Value | Fair value option | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 662 543
Estimated Fair Value | Fair value option | US government and government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 13 5
Estimated Fair Value | Fair value option | Asset backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 2 2
Estimated Fair Value | Fair value option | Non-US government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 6 4
Estimated Fair Value | Fair value option | Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 21 33
Estimated Fair Value | Fair value option | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 7 14
Estimated Fair Value | Fair value option | Other investments fair value option    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value 316 196
Estimated Fair Value | Fair value option | Other investments at net asset value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets measured at fair value [1] $ 1,461 $ 847
[1] In accordance with applicable accounting guidance, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.