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Separate accounts (Tables) | 9 Months Ended
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Sep. 30, 2023
Separate Accounts Disclosure [Abstract] |
Fair Value, Separate Account Investment | The following table presents the aggregate fair value of Separate account assets, by major security type:
| September 30 |  | December 31
(in millions of U.S. dollars) | 2023 |  | 2022
Cash and cash equivalents | $ | 88 |  |  | $ | 141 |
Mutual funds | 5,129 |  |  | 4,960 |
Fixed maturities | 89 |  |  | 89 |
Total | $ | 5,306 |  |  | $ | 5,190 |
Separate Account, Liability | The following table presents a roll-forward of separate account liabilities:
| Nine Months Ended
| September 30
(in millions of U.S. dollars) | 2023 |  | 2022
Balance – beginning of period | $ | 5,190 |  |  | $ | 5,560 |
Acquisition of Cigna | — |  |  | 301 |
Premiums and deposits | 724 |  |  | 1,147 |
Policy charges | (103) |  |  | (93) |
Surrenders and withdrawals | (407) |  |  | (304) |
Benefit payments | (291) |  |  | (289) |
Investment performance | 382 |  |  | (978) |
Other (including foreign exchange) | (189) |  |  | (453) |
Balance – end of period | $ | 5,306 |  |  | $ | 4,891 |
Cash surrender value (1) | $ | 5,285 |  |  | $ | 4,771 |
(1) Cash surrender value represents the amount of the contract holder's account balances distributable at the balance sheet date less certain surrender charges.

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