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Separate accounts (Tables)

9 Months Ended

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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- Definition

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