XML 83 R70.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments - Fixed Maturity Securities and Short Term Investments (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Schedule of Investments [Line Items]            
Percent of Total 100.00%   100.00%      
Amortized Cost $ 6,478   $ 6,746      
Allowance for Credit Losses (69) $ (67) (77) $ (79) $ (69) $ (65)
Gross Unrealized Gains 38   55      
Gross Unrealized Losses (441)   (417)      
Estimated Fair Value $ 6,006   $ 6,307      
Government agency obligations as a percentage of total mortgage backed securities 61.00%   42.00%      
Obligations of state and political subdivisions            
Schedule of Investments [Line Items]            
Percent of Total 35.00%   41.00%      
Amortized Cost $ 2,239   $ 2,733      
Allowance for Credit Losses (14)   (13)      
Gross Unrealized Gains 25   33      
Gross Unrealized Losses (105)   (92)      
Estimated Fair Value $ 2,145   $ 2,661      
U.S. government and agencies            
Schedule of Investments [Line Items]            
Percent of Total 1.00%   1.00%      
Amortized Cost $ 77   $ 65      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 1   1      
Gross Unrealized Losses (6)   (6)      
Estimated Fair Value $ 72   $ 60      
Corporate securities            
Schedule of Investments [Line Items]            
Percent of Total 37.00%   34.00%      
Amortized Cost $ 2,358   $ 2,327      
Allowance for Credit Losses (6)   (6)      
Gross Unrealized Gains 8   17      
Gross Unrealized Losses (214)   (197)      
Estimated Fair Value $ 2,146   $ 2,141      
RMBS            
Schedule of Investments [Line Items]            
Percent of Total 9.00%   6.00%      
Amortized Cost $ 565   $ 428      
Allowance for Credit Losses (21)   (21)      
Gross Unrealized Gains 2   3      
Gross Unrealized Losses (69)   (68)      
Estimated Fair Value $ 477   $ 342      
CMBS            
Schedule of Investments [Line Items]            
Percent of Total 3.00%   2.00%      
Amortized Cost $ 204   $ 157      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses (6)   (6)      
Estimated Fair Value $ 198   $ 151      
CLOs            
Schedule of Investments [Line Items]            
Percent of Total 6.00%   7.00%      
Amortized Cost $ 412   $ 456      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 1   1      
Gross Unrealized Losses (2)   (7)      
Estimated Fair Value $ 411   $ 450      
Others            
Schedule of Investments [Line Items]            
Percent of Total 8.00%   7.00%      
Amortized Cost $ 538   $ 465      
Allowance for Credit Losses (28)   (37)      
Gross Unrealized Gains 1   0      
Gross Unrealized Losses (24)   (26)      
Estimated Fair Value $ 487   $ 402      
Non-U.S. government securities            
Schedule of Investments [Line Items]            
Percent of Total 1.00%   2.00%      
Amortized Cost $ 85   $ 115      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses (15)   (15)      
Estimated Fair Value $ 70   $ 100