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NET INVESTMENT INCOME AND INVESTMENT RELATED GAINS (LOSSES) (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Net Investment Income

Net investment income is shown below:

FOR THE PERIODS ENDED JUN. 30 US$ MILLIONS						Three Months Ended												Six Months Ended
						2024						2023						2024						2023
Available-for-sale fixed maturity securities						$	552					$	216					$	865					$	420
Equity securities						21						—						32						—
Mortgage loans						172						76						255						149
Private loans						33						22						64						35
Investment real estate						38						12						43						27
Real estate partnerships						(6)						3						(12)						7
Investment funds						144						45						187						64
Policy loans						6						—						12						—
Short-term investments						61						70						112						138
Other invested assets						97						—						134						—
Total net investment income						$	1,118					$	444					$	1,692					$	840

Schedule of Net Unrealized and Realized Investment Gains (Losses)

Net unrealized and realized investment gains (losses) are shown below:

FOR THE PERIODS ENDED JUN. 30 US$ MILLIONS						Three Months Ended												Six Months Ended
						2024						2023						2024						2023
Available-for-sale fixed maturity securities						$	(30)					$	(40)					$	(18)					$	(68)
Equity securities						28						245						48						156
Mortgage loans						(3)						(1)						(11)						(12)
Private loans						1						(3)						5						(3)
Investment real estate						—						—						(17)						—
Real estate partnerships						—						—						—						—
Investment funds						13						—						13						—
Short-term investments and other invested assets1						(123)						21						(90)						19
Total investment related gains (losses)						$	(114)					$	222					$	(70)					$	92

1.Amounts for the three and six months ended June 30, 2024 include an accounting loss related to a deemed settlement of a previously held reinsurance agreement between NER SPC and AEL. See Note 16 for details.

X

- Definition

Tabular disclosure of realized and unrealized gain (loss) on investment in security.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7)(c))
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- Definition

Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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