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v3.23.2

Investments - Gross Unrealized Loss by Length of Time (Details) $ in Millions | Jun. 30, 2023 USD ($) Security | Dec. 31, 2022 USD ($) Security
--- | --- | ---
Less than 12 months |  |
Fair Value | $ 1,998 | $ 3,751
Gross Unrealized Loss | $ (38) | $ (213)
Number of securities | Security | 778 | 1,340
12 months or more |  |
Fair Value | $ 2,673 | $ 1,017
Gross Unrealized Loss | $ (347) | $ (239)
Number of securities | Security | 1,079 | 466
Total |  |
Fair Value | $ 4,671 | $ 4,768
Gross Unrealized Loss | $ (385) | $ (452)
Number of securities | Security | 1,830 | 1,776
Obligations of state and political subdivisions |  |
Less than 12 months |  |
Fair Value | $ 1,357 | $ 1,763
Gross Unrealized Loss | (18) | (79)
12 months or more |  |
Fair Value | 622 | 163
Gross Unrealized Loss | (89) | (56)
Total |  |
Fair Value | 1,979 | 1,926
Gross Unrealized Loss | (107) | (135)
U.S. government and agencies |  |
Less than 12 months |  |
Fair Value | 9 | 32
Gross Unrealized Loss | 0 | 0
12 months or more |  |
Fair Value | 32 | 52
Gross Unrealized Loss | (6) | (8)
Total |  |
Fair Value | 41 | 84
Gross Unrealized Loss | (6) | (8)
Corporate securities |  |
Less than 12 months |  |
Fair Value | 473 | 1,276
Gross Unrealized Loss | (13) | (95)
12 months or more |  |
Fair Value | 1,253 | 519
Gross Unrealized Loss | (202) | (147)
Total |  |
Fair Value | 1,726 | 1,795
Gross Unrealized Loss | (215) | (242)
RMBS |  |
Less than 12 months |  |
Fair Value | 127 | 147
Gross Unrealized Loss | (6) | (9)
12 months or more |  |
Fair Value | 56 | 3
Gross Unrealized Loss | (5) | (1)
Total |  |
Fair Value | 183 | 150
Gross Unrealized Loss | (11) | (10)
CMBS |  |
Less than 12 months |  |
Fair Value | 21 | 270
Gross Unrealized Loss | (1) | (11)
12 months or more |  |
Fair Value | 183 | 0
Gross Unrealized Loss | (9) | 0
Total |  |
Fair Value | 204 | 270
Gross Unrealized Loss | (10) | (11)
CLOs |  |
Less than 12 months |  |
Fair Value | 1 | 171
Gross Unrealized Loss | 0 | (7)
12 months or more |  |
Fair Value | 415 | 250
Gross Unrealized Loss | (14) | (14)
Total |  |
Fair Value | 416 | 421
Gross Unrealized Loss | (14) | (21)
Other |  |
Less than 12 months |  |
Fair Value | 10 | 27
Gross Unrealized Loss | 0 | (2)
12 months or more |  |
Fair Value | 18 | 0
Gross Unrealized Loss | (2) | 0
Total |  |
Fair Value | 28 | 27
Gross Unrealized Loss | (2) | (2)
Non-U.S. government securities |  |
Less than 12 months |  |
Fair Value | 0 | 65
Gross Unrealized Loss | 0 | (10)
12 months or more |  |
Fair Value | 94 | 30
Gross Unrealized Loss | (20) | (13)
Total |  |
Fair Value | 94 | 95
Gross Unrealized Loss | $ (20) | $ (23)

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