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Investment Information - Net realized gains and losses (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Available for sale securities:        
Available for sale securities, gross gains on investment sales $ 13 $ 22 $ 63 $ 39
Available for sale securities, gross losses on investment sales (77) (169) (155) (280)
Equity securities, at fair value:        
Net realized gains (losses) on sales during the period 5 17 16 36
Net unrealized gains (losses) on equity securities still held at reporting date 7 25 89 63
Allowance for credit losses:        
Allowance for credit losses - investments related 4 (7) (2) (23)
Allowance for credit losses - underwriting related (3) (1) (2) (1)
Derivative instruments [1] 1 (15) (9) 41
Other (2) [2] 204 2 221 0
Net realized gains (losses) 122 (123) 189 (106)
Fixed maturities        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option (4) (2) (2) 4
Other investments        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option $ (28) $ 5 (30) 14
Equity securities        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option     $ 0 $ 1
[1] See note 9 for information on the Company’s derivative instruments.
[2] Amounts include benefits from the sale of Castel Underwriting Agencies Limited. and the acquisition of RMIC.