XML 45 R34.htm IDEA: XBRL DOCUMENT v3.23.3
Investments - Investment Portfolio by Major Security Type (Detail) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 62,285.8 $ 53,125.7 $ 52,443.3
Gross Unrealized Gains 3.7 13.9 1.8
Gross Unrealized Losses (3,846.3) (3,551.5) (3,943.1)
Net Holding Period Gains (Losses) (56.1) (74.5) (91.3)
Total available-for-sale securities $ 58,387.1 $ 49,513.6 $ 48,410.7
% of Total Fair Value 94.40% 92.50% 92.50%
Equity securities, at Fair Value      
Cost $ 1,639.5 $ 2,190.3 $ 2,221.3
Gross Unrealized Gains 0.0 0.0 0.0
Gross Unrealized Losses 0.0 0.0 0.0
Net Holding Period Gains (Losses) 1,843.9 1,844.4 1,698.4
Fair Value $ 3,483.4 $ 4,034.7 $ 3,919.7
% of Total Fair Value 5.60% 7.50% 7.50%
Debt and Equity Securities, at Fair Value      
Cost $ 63,925.3 $ 55,316.0 $ 54,664.6
Gross Unrealized Gains 3.7 13.9 1.8
Gross Unrealized Losses (3,846.3) (3,551.5) (3,943.1)
Net Holding Period Gains (Losses) 1,787.8 1,769.9 1,607.1
Fair Value $ 61,870.5 $ 53,548.3 $ 52,330.4
% of Total Fair Value 100.00% 100.00% 100.00%
Unsettled security transactions, payable $ 167.3   $ 74.7
Other receivable from broker-dealer and clearing organization   $ 34.4  
Total fair value of non-insurance subsidiary portfolio 4,100.0 4,400.0 4,200.0
Nonredeemable preferred stocks      
Equity securities, at Fair Value      
Cost 976.9 1,364.2 1,417.6
Gross Unrealized Gains 0.0 0.0 0.0
Gross Unrealized Losses 0.0 0.0 0.0
Net Holding Period Gains (Losses) (108.0) (151.0) (163.2)
Fair Value $ 868.9 $ 1,213.2 $ 1,254.4
% of Total Fair Value 1.40% 2.30% 2.40%
Common equities      
Equity securities, at Fair Value      
Cost $ 662.6 $ 826.1 $ 803.7
Gross Unrealized Gains 0.0 0.0 0.0
Gross Unrealized Losses 0.0 0.0 0.0
Net Holding Period Gains (Losses) 1,951.9 1,995.4 1,861.6
Fair Value $ 2,614.5 $ 2,821.5 $ 2,665.3
% of Total Fair Value 4.20% 5.20% 5.10%
Total fixed maturities      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 60,490.6 $ 50,264.0 $ 48,205.7
Gross Unrealized Gains 3.7 13.9 1.8
Gross Unrealized Losses (3,846.3) (3,551.5) (3,943.1)
Net Holding Period Gains (Losses) (56.1) (74.5) (91.3)
Total available-for-sale securities $ 56,591.9 $ 46,651.9 $ 44,173.1
% of Total Fair Value 91.50% 87.10% 84.40%
Total fixed maturities | U.S. government obligations      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 36,392.2 $ 26,770.7 $ 24,260.9
Gross Unrealized Gains 0.0 1.4 0.0
Gross Unrealized Losses (2,098.4) (1,604.7) (1,855.4)
Net Holding Period Gains (Losses) 0.0 0.0 0.0
Total available-for-sale securities $ 34,293.8 $ 25,167.4 $ 22,405.5
% of Total Fair Value 55.40% 47.00% 42.80%
Total fixed maturities | State and local government obligations      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 2,257.6 $ 2,180.0 $ 2,140.9
Gross Unrealized Gains 0.0 0.0 0.0
Gross Unrealized Losses (203.3) (202.9) (215.4)
Net Holding Period Gains (Losses) 0.0 0.0 0.0
Total available-for-sale securities $ 2,054.3 $ 1,977.1 $ 1,925.5
% of Total Fair Value 3.30% 3.70% 3.70%
Total fixed maturities | Foreign government obligations      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 16.9 $ 16.8 $ 16.7
Gross Unrealized Gains 0.0 0.0 0.0
Gross Unrealized Losses (1.5) (1.3) (1.4)
Net Holding Period Gains (Losses) 0.0 0.0 0.0
Total available-for-sale securities $ 15.4 $ 15.5 $ 15.3
% of Total Fair Value 0.10% 0.10% 0.10%
Total fixed maturities | Corporate debt securities      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 10,880.8 $ 10,125.8 $ 10,119.8
Gross Unrealized Gains 1.3 9.8 0.0
Gross Unrealized Losses (591.8) (676.1) (832.5)
Net Holding Period Gains (Losses) (36.1) (46.8) (58.9)
Total available-for-sale securities $ 10,254.2 $ 9,412.7 $ 9,228.4
% of Total Fair Value 16.60% 17.60% 17.60%
Total fixed maturities | Residential mortgage-backed securities      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 530.4 $ 696.1 $ 754.2
Gross Unrealized Gains 0.2 0.3 0.4
Gross Unrealized Losses (13.0) (17.5) (16.5)
Net Holding Period Gains (Losses) (1.8) (12.1) (15.1)
Total available-for-sale securities $ 515.8 $ 666.8 $ 723.0
% of Total Fair Value 0.80% 1.20% 1.40%
Total fixed maturities | Commercial mortgage-backed securities      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 4,699.5 $ 5,446.0 $ 5,833.9
Gross Unrealized Gains 2.1 1.5 1.4
Gross Unrealized Losses (723.9) (784.0) (747.4)
Net Holding Period Gains (Losses) 0.0 0.0 0.0
Total available-for-sale securities $ 3,977.7 $ 4,663.5 $ 5,087.9
% of Total Fair Value 6.40% 8.70% 9.70%
Total fixed maturities | Other asset-backed securities      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 5,524.2 $ 4,826.0 $ 4,876.7
Gross Unrealized Gains 0.1 0.9 0.0
Gross Unrealized Losses (210.1) (260.5) (268.9)
Net Holding Period Gains (Losses) (0.6) (1.8) (1.9)
Total available-for-sale securities $ 5,313.6 $ 4,564.6 $ 4,605.9
% of Total Fair Value 8.60% 8.50% 8.80%
Total fixed maturities | Redeemable preferred stocks      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 189.0 $ 202.6 $ 202.6
Gross Unrealized Gains 0.0 0.0 0.0
Gross Unrealized Losses (4.3) (4.5) (5.6)
Net Holding Period Gains (Losses) (17.6) (13.8) (15.4)
Total available-for-sale securities $ 167.1 $ 184.3 $ 181.6
% of Total Fair Value 0.30% 0.30% 0.30%
Short-term investments      
Debt Securities, Available-for-Sale, at Fair Value      
Cost $ 1,795.2 $ 2,861.7 $ 4,237.6
Gross Unrealized Gains 0.0 0.0 0.0
Gross Unrealized Losses 0.0 0.0 0.0
Net Holding Period Gains (Losses) 0.0 0.0 0.0
Total available-for-sale securities $ 1,795.2 $ 2,861.7 $ 4,237.6
% of Total Fair Value 2.90% 5.40% 8.10%