XML 86 R75.htm IDEA: XBRL DOCUMENT v3.23.2
Investments - Fixed Maturity Securities and Short Term Investments (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Schedule of Investments [Line Items]            
Percent of Total 100.00%   100.00%      
Amortized Cost $ 7,044   $ 7,707      
Allowance for Credit Losses (79) $ (69) (65) $ (51) $ (47) $ (42)
Gross Unrealized Gains 51   65      
Gross Unrealized Losses (528)   (588)      
Estimated Fair Value $ 6,488   $ 7,119      
Government agency obligations as a percentage of total mortgage backed securities 38.00%   30.00%      
Obligations of state and political subdivisions            
Schedule of Investments [Line Items]            
Percent of Total 42.00%   45.00%      
Amortized Cost $ 2,973   $ 3,509      
Allowance for Credit Losses (14)   (14)      
Gross Unrealized Gains 27   37      
Gross Unrealized Losses (110)   (138)      
Estimated Fair Value $ 2,876   $ 3,394      
U.S. government and agencies            
Schedule of Investments [Line Items]            
Percent of Total 1.00%   2.00%      
Amortized Cost $ 69   $ 118      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 1   1      
Gross Unrealized Losses (6)   (8)      
Estimated Fair Value $ 64   $ 111      
Corporate securities            
Schedule of Investments [Line Items]            
Percent of Total 33.00%   31.00%      
Amortized Cost $ 2,330   $ 2,387      
Allowance for Credit Losses (6)   (6)      
Gross Unrealized Gains 3   2      
Gross Unrealized Losses (261)   (299)      
Estimated Fair Value $ 2,066   $ 2,084      
RMBS            
Schedule of Investments [Line Items]            
Percent of Total 6.00%   5.00%      
Amortized Cost $ 440   $ 418      
Allowance for Credit Losses (20)   (19)      
Gross Unrealized Gains 3   3      
Gross Unrealized Losses (71)   (62)      
Estimated Fair Value $ 352   $ 340      
CMBS            
Schedule of Investments [Line Items]            
Percent of Total 3.00%   4.00%      
Amortized Cost $ 214   $ 282      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses (10)   (11)      
Estimated Fair Value $ 204   $ 271      
CLOs            
Schedule of Investments [Line Items]            
Percent of Total 7.00%   6.00%      
Amortized Cost $ 468   $ 449      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses (14)   (21)      
Estimated Fair Value $ 454   $ 428      
Others            
Schedule of Investments [Line Items]            
Percent of Total 6.00%   5.00%      
Amortized Cost $ 432   $ 423      
Allowance for Credit Losses (39)   (26)      
Gross Unrealized Gains 17   22      
Gross Unrealized Losses (36)   (26)      
Estimated Fair Value $ 374   $ 393      
Non-U.S. government securities            
Schedule of Investments [Line Items]            
Percent of Total 2.00%   2.00%      
Amortized Cost $ 118   $ 121      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses (20)   (23)      
Estimated Fair Value $ 98   $ 98