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v3.23.3

Investments - Gross Unrealized Loss by Length of Time (Details) $ in Millions | Sep. 30, 2023 USD ($) Security | Dec. 31, 2022 USD ($) Security
--- | --- | ---
Less than 12 months |  |
Fair Value | $ 2,093 | $ 3,751
Gross Unrealized Loss | $ (58) | $ (213)
Number of securities | Security | 795 | 1,340
12 months or more |  |
Fair Value | $ 3,150 | $ 1,017
Gross Unrealized Loss | $ (436) | $ (239)
Number of securities | Security | 1,308 | 466
Total |  |
Fair Value | $ 5,243 | $ 4,768
Gross Unrealized Loss | $ (494) | $ (452)
Number of securities | Security | 2,079 | 1,776
Obligations of state and political subdivisions |  |
Less than 12 months |  |
Fair Value | $ 1,610 | $ 1,763
Gross Unrealized Loss | (39) | (79)
12 months or more |  |
Fair Value | 899 | 163
Gross Unrealized Loss | (136) | (56)
Total |  |
Fair Value | 2,509 | 1,926
Gross Unrealized Loss | (175) | (135)
U.S. government and agencies |  |
Less than 12 months |  |
Fair Value | 21 | 32
Gross Unrealized Loss | 0 | 0
12 months or more |  |
Fair Value | 32 | 52
Gross Unrealized Loss | (7) | (8)
Total |  |
Fair Value | 53 | 84
Gross Unrealized Loss | (7) | (8)
Corporate securities |  |
Less than 12 months |  |
Fair Value | 381 | 1,276
Gross Unrealized Loss | (14) | (95)
12 months or more |  |
Fair Value | 1,396 | 519
Gross Unrealized Loss | (236) | (147)
Total |  |
Fair Value | 1,777 | 1,795
Gross Unrealized Loss | (250) | (242)
RMBS |  |
Less than 12 months |  |
Fair Value | 55 | 147
Gross Unrealized Loss | (3) | (9)
12 months or more |  |
Fair Value | 122 | 3
Gross Unrealized Loss | (14) | (1)
Total |  |
Fair Value | 177 | 150
Gross Unrealized Loss | (17) | (10)
CMBS |  |
Less than 12 months |  |
Fair Value | 3 | 270
Gross Unrealized Loss | 0 | (11)
12 months or more |  |
Fair Value | 184 | 0
Gross Unrealized Loss | (10) | 0
Total |  |
Fair Value | 187 | 270
Gross Unrealized Loss | (10) | (11)
CLOs |  |
Less than 12 months |  |
Fair Value | 18 | 171
Gross Unrealized Loss | (2) | (7)
12 months or more |  |
Fair Value | 402 | 250
Gross Unrealized Loss | (8) | (14)
Total |  |
Fair Value | 420 | 421
Gross Unrealized Loss | (10) | (21)
Other |  |
Less than 12 months |  |
Fair Value | 1 | 27
Gross Unrealized Loss | 0 | (2)
12 months or more |  |
Fair Value | 26 | 0
Gross Unrealized Loss | (2) | 0
Total |  |
Fair Value | 27 | 27
Gross Unrealized Loss | (2) | (2)
Non-U.S. government securities |  |
Less than 12 months |  |
Fair Value | 4 | 65
Gross Unrealized Loss | 0 | (10)
12 months or more |  |
Fair Value | 89 | 30
Gross Unrealized Loss | (23) | (13)
Total |  |
Fair Value | 93 | 95
Gross Unrealized Loss | $ (23) | $ (23)

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