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Investments (Tables) | 9 Months Ended
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Sep. 30, 2023
Investments [Abstract] |
Schedule of Portfolio Composition |
Portfolio composition
($ in millions) |  | September 30, 2023 |  | December 31, 2022
Fixed income securities, at fair value |  | $ | 46,771 |  |  | $ | 42,485 |
Equity securities, at fair value |  | 2,419 |  |  | 4,567 |
Mortgage loans, net |  | 830 |  |  | 762 |
Limited partnership interests |  | 8,363 |  |  | 8,114 |
Short-term investments, at fair value |  | 3,368 |  |  | 4,173 |
Other investments, net |  | 1,608 |  |  | 1,728 |
Total |  | $ | 63,359 |  |  | $ | 61,829 |
Schedule of Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value for Fixed Income Securities |
Amortized cost, gross unrealized gains (losses) and fair value for fixed income securities
($ in millions) |  | Amortized cost, net |  | Gross unrealized |  | Fair value
|  | Gains |  | Losses |
September 30, 2023 |  |  |  |  |  |  |  |
U.S. government and agencies |  | $ | 8,629 |  |  | $ | 1 |  |  | $ | (385) |  |  | $ | 8,245 |
Municipal |  | 7,044 |  |  | 3 |  |  | (463) |  |  | 6,584 |
Corporate |  | 32,007 |  |  | 16 |  |  | (2,317) |  |  | 29,706 |
Foreign government |  | 1,196 |  |  | — |  |  | (61) |  |  | 1,135 |
ABS |  | 1,103 |  |  | 9 |  |  | (11) |  |  | 1,101 |
Total fixed income securities |  | $ | 49,979 |  |  | $ | 29 |  |  | $ | (3,237) |  |  | $ | 46,771 |
December 31, 2022 |  |  |  |  |  |  |  |
U.S. government and agencies |  | $ | 8,123 |  |  | $ | 6 |  |  | $ | (231) |  |  | $ | 7,898 |
Municipal |  | 6,500 |  |  | 36 |  |  | (326) |  |  | 6,210 |
Corporate |  | 28,562 |  |  | 46 |  |  | (2,345) |  |  | 26,263 |
Foreign government |  | 997 |  |  | — |  |  | (40) |  |  | 957 |
ABS |  | 1,188 |  |  | 4 |  |  | (35) |  |  | 1,157 |
Total fixed income securities |  | $ | 45,370 |  |  | $ | 92 |  |  | $ | (2,977) |  |  | $ | 42,485 |
Schedule of Maturities for Fixed Income Securities |
Scheduled maturities for fixed income securities
($ in millions) |  | September 30, 2023 |  | December 31, 2022 |
| Amortized cost, net |  | Fair value |  | Amortized cost, net |  | Fair value |
Due in one year or less |  | $ | 3,536 |  |  | $ | 3,476 |  |  | $ | 2,870 |  |  | $ | 2,836 |  |
Due after one year through five years |  | 24,560 |  |  | 23,246 |  |  | 26,546 |  |  | 25,217 |  |
Due after five years through ten years |  | 13,038 |  |  | 11,919 |  |  | 11,035 |  |  | 9,870 |  |
Due after ten years |  | 7,742 |  |  | 7,029 |  |  | 3,731 |  |  | 3,405 |  |
|  | 48,876 |  |  | 45,670 |  |  | 44,182 |  |  | 41,328 |  |
ABS |  | 1,103 |  |  | 1,101 |  |  | 1,188 |  |  | 1,157 |  |
Total |  | $ | 49,979 |  |  | $ | 46,771 |  |  | $ | 45,370 |  |  | $ | 42,485 |  |
Schedule of Net Investment Income |
Net investment income
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Fixed income securities |  | $ | 457 |  |  | $ | 323 |  |  | $ | 1,269 |  |  | $ | 889 |
Equity securities |  | 15 |  |  | 30 |  |  | 47 |  |  | 100 |
Mortgage loans |  | 9 |  |  | 8 |  |  | 25 |  |  | 25 |
Limited partnership interests |  | 190 |  |  | 325 |  |  | 446 |  |  | 841 |
Short-term investments |  | 59 |  |  | 30 |  |  | 194 |  |  | 42 |
Other investments |  | 41 |  |  | 38 |  |  | 121 |  |  | 120 |
Investment income, before expense |  | 771 |  |  | 754 |  |  | 2,102 |  |  | 2,017 |
Investment expense |  | (82) |  |  | (64) |  |  | (228) |  |  | (171) |
Net investment income |  | $ | 689 |  |  | $ | 690 |  |  | $ | 1,874 |  |  | $ | 1,846 |
Schedule of Net Gains (Losses) on Investments and Derivatives by Asset Type |
Net gains (losses) on investments and derivatives by asset type
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Fixed income securities |  | $ | (129) |  |  | $ | (166) |  |  | $ | (397) |  |  | $ | (644) |
Equity securities |  | (35) |  |  | (239) |  |  | 153 |  |  | (1,222) |
Mortgage loans |  | (1) |  |  | 1 |  |  | (4) |  |  | — |
Limited partnership interests |  | (6) |  |  | (49) |  |  | 1 |  |  | (224) |
Derivatives |  | 31 |  |  | 299 |  |  | (28) |  |  | 889 |
Other investments |  | 54 |  |  | (13) |  |  | 52 |  |  | 34 |
Net gains (losses) on investments and derivatives |  | $ | (86) |  |  | $ | (167) |  |  | $ | (223) |  |  | $ | (1,167) |
Schedule of Net Gains (Losses) on Investments and Derivatives by Transaction Type |
Net gains (losses) on investments and derivatives by transaction type
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Sales |  | $ | (63) |  |  | $ | (175) |  |  | $ | (313) |  |  | $ | (605) |
Credit losses |  | (20) |  |  | (6) |  |  | (69) |  |  | (30) |
Valuation change of equity investments (1) |  | (34) |  |  | (285) |  |  | 187 |  |  | (1,421) |
Valuation change and settlements of derivatives |  | 31 |  |  | 299 |  |  | (28) |  |  | 889 |
Net gains (losses) on investments and derivatives |  | $ | (86) |  |  | $ | (167) |  |  | $ | (223) |  |  | $ | (1,167) |
(1)Includes valuation change of equity securities and certain limited partnership interests where the underlying assets are predominately public equity securities.
Schedule of Gross Realized Gains (Losses) on Sales of Fixed Income Securities |
Gross realized gains (losses) on sales of fixed income securities
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Gross realized gains |  | $ | 11 |  |  | $ | 19 |  |  | $ | 85 |  |  | $ | 112 |
Gross realized losses |  | (133) |  |  | (181) |  |  | (459) |  |  | (748) |
Schedule of Net Appreciation (Decline) Recognized in Net Income |
Net appreciation (decline) recognized in net income for assets that are still held
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Equity securities |  | $ | (32) |  |  | $ | (209) |  |  | $ | 31 |  |  | $ | (771) |
Limited partnership interests carried at fair value |  | 19 |  |  | (36) |  |  | 67 |  |  | 8 |
Total |  | $ | (13) |  |  | $ | (245) |  |  | $ | 98 |  |  | $ | (763) |
Schedule of Credit Losses Recognized in Net Income |
Credit losses recognized in net income
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Assets |  |  |  |  |  |  |  |
Fixed income securities: |  |  |  |  |  |  |  |
Corporate |  | $ | (7) |  |  | $ | (2) |  |  | $ | (23) |  |  | $ | (6) |
ABS |  | — |  |  | (2) |  |  | — |  |  | (2) |
Total fixed income securities |  | (7) |  |  | (4) |  |  | (23) |  |  | (8) |
Mortgage loans |  | (1) |  |  | 1 |  |  | (4) |  |  | — |
Limited partnership interests |  | (9) |  |  | (1) |  |  | (25) |  |  | (4) |
Other investments |  |  |  |  |  |  |  |
Bank loans |  | (2) |  |  | (2) |  |  | (16) |  |  | (18) |
Total credit losses by asset type |  | $ | (19) |  |  | $ | (6) |  |  | $ | (68) |  |  | $ | (30) |
Liabilities |  |  |  |  |  |  |  |
Commitments to fund commercial mortgage loans and bank loans |  | (1) |  |  | — |  |  | (1) |  |  | — |
Total |  | $ | (20) |  |  | $ | (6) |  |  | $ | (69) |  |  | $ | (30) |
Schedule of Unrealized Net Capital Gains and Losses Included in AOCI |
Unrealized net capital gains and losses included in AOCI |  |
($ in millions) |  | Fair value |  | Gross unrealized |  | Unrealized net gains (losses)
September 30, 2023 |  |  | Gains |  | Losses |
Fixed income securities |  | $ | 46,771 |  |  | $ | 29 |  |  | $ | (3,237) |  |  | $ | (3,208) |
Short-term investments |  | 3,368 |  |  | — |  |  | (1) |  |  | (1) |
Derivative instruments |  | — |  |  | — |  |  | (2) |  |  | (2) |
Limited partnership interests (1) |  |  |  |  |  |  |  | (1) |
Unrealized net capital gains and losses, pre-tax |  |  |  |  |  |  |  | (3,212) |
Reclassification of noncontrolling interest |  |  |  |  |  |  |  | 21 |
Deferred income taxes |  |  |  |  |  |  |  | 679 |
Unrealized net capital gains and losses, after-tax |  |  |  |  |  |  |  | $ | (2,512) |
December 31, 2022 |  |  |  |  |  |  |  |
Fixed income securities |  | $ | 42,485 |  |  | $ | 92 |  |  | $ | (2,977) |  |  | $ | (2,885) |
Short-term investments |  | 4,173 |  |  | — |  |  | (1) |  |  | (1) |
Derivative instruments |  | — |  |  | — |  |  | (3) |  |  | (3) |
Limited partnership interests (1) |  |  |  |  |  |  |  | 2 |
Unrealized net capital gains and losses, pre-tax |  |  |  |  |  |  |  | (2,887) |
Reclassification of noncontrolling interest |  |  |  |  |  |  |  | 23 |
Deferred income taxes |  |  |  |  |  |  |  | 609 |
Unrealized net capital gains and losses, after-tax |  |  |  |  |  |  |  | $ | (2,255) |
(1)Unrealized net capital gains and losses for limited partnership interests represent the Company’s share of the equity method of accounting (“EMA”) limited partnerships’ OCI. Fair value and gross unrealized gains and losses are not applicable.
Schedule of Change in Unrealized Net Capital Gains (Losses) |
Change in unrealized net capital gains (losses) |  |  |  |  |  |  |  |  |  |
($ in millions) |  | Nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |
Fixed income securities |  | $ | (323) |  |  |  |  |  |  |  |  |  |  |
Short-term investments |  | — |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  | 1 |  |  |  |  |  |  |  |  |  |  |
Limited partnership interests |  | (3) |  |  |  |  |  |  |  |  |  |  |
Total |  | (325) |  |  |  |  |  |  |  |  |  |  |
Reclassification of noncontrolling interest |  | (2) |  |  |  |  |  |  |  |  |  |  |
Deferred income taxes |  | 70 |  |  |  |  |  |  |  |  |  |  |
Decrease in unrealized net capital gains and losses, after-tax |  | $ | (257) |  |  |  |  |  |  |  |  |  |  |
Schedule of Carrying Value for Limited Partnership Interests |
Carrying value for limited partnership interests
($ in millions) |  | September 30, 2023 |  | December 31, 2022
| EMA |  | Fair Value |  | Total |  | EMA |  | Fair Value |  | Total
Private equity |  | $ | 5,925 |  |  | $ | 1,167 |  |  | $ | 7,092 |  |  | $ | 5,372 |  |  | $ | 1,217 |  |  | $ | 6,589 |
Real estate |  | 1,076 |  |  | 27 |  |  | 1,103 |  |  | 1,013 |  |  | 29 |  |  | 1,042 |
Other (1) |  | 168 |  |  | — |  |  | 168 |  |  | 483 |  |  | — |  |  | 483 |
Total |  | $ | 7,169 |  |  | $ | 1,194 |  |  | $ | 8,363 |  |  | $ | 6,868 |  |  | $ | 1,246 |  |  | $ | 8,114 |
(1)Other consists of certain limited partnership interests where the underlying assets are predominately public equity and debt securities.
Schedule of Other investments by Asset Type |
Other investments by asset type
($ in millions) |  | September 30, 2023 |  | December 31, 2022
Bank loans, net |  | $ | 679 |  |  | $ | 686 |
Real estate |  | 700 |  |  | 813 |
Policy loans |  | 122 |  |  | 120 |
Derivatives |  | 4 |  |  | 1 |
Other |  | 103 |  |  | 108 |
Total |  | $ | 1,608 |  |  | $ | 1,728 |
Schedule of Rollforward of Credit Loss Allowance for Fixed Income Securities, Mortgage Loans and Bank Loans |
Rollforward of credit loss allowance for fixed income securities
|  | Three months ended September 30, |  | Nine months ended September 30,
($ in millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance |  | $ | (29) |  |  | $ | (10) |  |  | $ | (13) |  |  | $ | (6) |
Credit losses on securities for which credit losses not previously reported |  | (8) |  |  | (2) |  |  | (12) |  |  | (2) |
Net (increases) decreases related to credit losses previously reported |  | 1 |  |  | (2) |  |  | (11) |  |  | (6) |
(Increase) decrease of allowance related to sales and other |  | (1) |  |  | 1 |  |  | (1) |  |  | 1 |
Write-offs |  | — |  |  | — |  |  | — |  |  | — |
Ending balance |  | $ | (37) |  |  | $ | (13) |  |  | $ | (37) |  |  | $ | (13) |
Components of credit loss allowance as of September 30 |  |  |  |  |  |  |  |
Corporate bonds |  |  |  |  |  | $ | (34) |  |  | $ | (11) |
ABS |  |  |  |  |  | (3) |  |  | (2) |
Total |  |  |  |  |  | $ | (37) |  |  | $ | (13) |
Rollforward of credit loss allowance for mortgage loans
|  | Three months ended September 30, |  | Nine months ended September 30,
($ in millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance |  | $ | (10) |  |  | $ | (7) |  |  | $ | (7) |  |  | $ | (6) |
Net (increases) decreases related to credit losses |  | (1) |  |  | 1 |  |  | (4) |  |  | — |
Write-offs |  | — |  |  | — |  |  | — |  |  | — |
Ending balance |  | $ | (11) |  |  | $ | (6) |  |  | $ | (11) |  |  | $ | (6) |
Rollforward of credit loss allowance for bank loans |  |  |  |  |  |
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance |  | $ | (62) |  |  | $ | (56) |  |  | $ | (57) |  |  | $ | (61) |
Net increases related to credit losses |  | (2) |  |  | (2) |  |  | (16) |  |  | (18) |
Reduction of allowance related to sales |  | 28 |  |  | 6 |  |  | 34 |  |  | 27 |
Write-offs |  | — |  |  | — |  |  | 3 |  |  | — |
Ending balance |  | $ | (36) |  |  | $ | (52) |  |  | $ | (36) |  |  | $ | (52) |
Schedule of Gross Unrealized Losses and Fair Value by Type and Length of Time Held in a Continuous Unrealized Loss Position |
Gross unrealized losses and fair value by type and length of time held in a continuous unrealized loss position (1)
($ in millions) |  | Less than 12 months |  | 12 months or more |  | Total unrealized losses
| Number of issues |  | Fair value |  | Unrealized losses |  | Number of issues |  | Fair value |  | Unrealized losses |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government and agencies |  | 119 |  |  | $ | 4,868 |  |  | $ | (234) |  |  | 128 |  |  | $ | 3,289 |  |  | $ | (151) |  |  | $ | (385) |
Municipal |  | 1,713 |  |  | 3,644 |  |  | (158) |  |  | 2,057 |  |  | 2,710 |  |  | (305) |  |  | (463) |
Corporate |  | 1,112 |  |  | 10,982 |  |  | (501) |  |  | 2,200 |  |  | 17,584 |  |  | (1,816) |  |  | (2,317) |
Foreign government |  | 68 |  |  | 734 |  |  | (27) |  |  | 89 |  |  | 397 |  |  | (34) |  |  | (61) |
ABS |  | 90 |  |  | 57 |  |  | — |  |  | 170 |  |  | 738 |  |  | (11) |  |  | (11) |
Total fixed income securities |  | 3,102 |  |  | $ | 20,285 |  |  | $ | (920) |  |  | 4,644 |  |  | $ | 24,718 |  |  | $ | (2,317) |  |  | $ | (3,237) |
Investment grade fixed income securities |  | 2,954 |  |  | $ | 19,517 |  |  | $ | (895) |  |  | 4,216 |  |  | $ | 21,946 |  |  | $ | (1,936) |  |  | $ | (2,831) |
Below investment grade fixed income securities |  | 148 |  |  | 768 |  |  | (25) |  |  | 428 |  |  | 2,772 |  |  | (381) |  |  | (406) |
Total fixed income securities |  | 3,102 |  |  | $ | 20,285 |  |  | $ | (920) |  |  | 4,644 |  |  | $ | 24,718 |  |  | $ | (2,317) |  |  | $ | (3,237) |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government and agencies |  | 112 |  |  | $ | 4,900 |  |  | $ | (138) |  |  | 75 |  |  | $ | 2,393 |  |  | $ | (93) |  |  | $ | (231) |
Municipal |  | 3,015 |  |  | 3,944 |  |  | (215) |  |  | 507 |  |  | 740 |  |  | (111) |  |  | (326) |
Corporate |  | 2,085 |  |  | 18,072 |  |  | (1,389) |  |  | 845 |  |  | 6,105 |  |  | (956) |  |  | (2,345) |
Foreign government |  | 74 |  |  | 739 |  |  | (22) |  |  | 42 |  |  | 200 |  |  | (18) |  |  | (40) |
ABS |  | 194 |  |  | 874 |  |  | (27) |  |  | 83 |  |  | 109 |  |  | (8) |  |  | (35) |
Total fixed income securities |  | 5,480 |  |  | $ | 28,529 |  |  | $ | (1,791) |  |  | 1,552 |  |  | $ | 9,547 |  |  | $ | (1,186) |  |  | $ | (2,977) |
Investment grade fixed income securities |  | 4,959 |  |  | $ | 25,487 |  |  | $ | (1,409) |  |  | 1,437 |  |  | $ | 8,791 |  |  | $ | (1,009) |  |  | $ | (2,418) |
Below investment grade fixed income securities |  | 521 |  |  | 3,042 |  |  | (382) |  |  | 115 |  |  | 756 |  |  | (177) |  |  | (559) |
Total fixed income securities |  | 5,480 |  |  | $ | 28,529 |  |  | $ | (1,791) |  |  | 1,552 |  |  | $ | 9,547 |  |  | $ | (1,186) |  |  | $ | (2,977) |
(1)Includes fixed income securities with fair values of $37 million and $10 million and unrealized losses of $7 million and $5 million with credit loss allowances of $15 million and $11 million as of September 30, 2023 and December 31, 2022, respectively.
Schedule of Gross Unrealized Losses by Unrealized Loss Position and Credit Quality |
Gross unrealized losses by unrealized loss position and credit quality as of September 30, 2023
($ in millions) |  | Investment grade |  | Below investment grade |  | Total
Fixed income securities with unrealized loss position less than 20% of amortized cost, net (1) (2) |  | $ | (2,444) |  |  | $ | (312) |  |  | $ | (2,756) |
Fixed income securities with unrealized loss position greater than or equal to 20% of amortized cost, net (3) (4) |  | (387) |  |  | (94) |  |  | (481) |
Total unrealized losses |  | $ | (2,831) |  |  | $ | (406) |  |  | $ | (3,237) |
(1)Below investment grade fixed income securities include $25 million that have been in an unrealized loss position for less than twelve months. (2)Related to securities with an unrealized loss position less than 20% of amortized cost, net, the degree of which suggests that these securities do not pose a high risk of having credit losses. (3)Below investment grade fixed income securities include $94 million that have been in an unrealized loss position for a period of twelve or more consecutive months. (4)Evaluated based on factors such as discounted cash flows and the financial condition and near-term and long-term prospects of the issue or issuer and were determined to have adequate resources to fulfill contractual obligations.
Schedule of Accrued Interest |
Accrued interest
($ in millions) |  | September 30, |  | December 31,
| 2023 |  | 2022
Mortgage loans |  | $ | 3 |  |  | $ | 3 |
Bank Loans |  | 5 |  |  | 3 |
Schedule of Mortgage Loans Amortized Cost by Debt Service Coverage Ratio Distribution and Year of Origination |
Mortgage loans amortized cost by debt service coverage ratio distribution and year of origination
|  | September 30, 2023 |  | December 31, 2022
($ in millions) |  | 2018 and prior |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Current |  | Total |  | Total
Below 1.0 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 18 |
1.0 - 1.25 |  | 28 |  |  | 12 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 42 |  |  | 42 |
1.26 - 1.50 |  | 24 |  |  | 4 |  |  | 10 |  |  | — |  |  | 43 |  |  | 58 |  |  | 139 |  |  | 151 |
Above 1.50 |  | 78 |  |  | 220 |  |  | 42 |  |  | 185 |  |  | 59 |  |  | 76 |  |  | 660 |  |  | 558 |
Amortized cost before allowance |  | $ | 130 |  |  | $ | 236 |  |  | $ | 52 |  |  | $ | 185 |  |  | $ | 102 |  |  | $ | 136 |  |  | $ | 841 |  |  | $ | 769 |
Allowance |  |  |  |  |  |  |  |  |  |  |  |  |  | (11) |  |  | (7) |
Amortized cost, net |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 830 |  |  | $ | 762 |
Schedule of Bank Loans Amortized Cost by Credit Rating and Year of Origination |
Bank loans amortized cost by credit rating and year of origination
|  | September 30, 2023 |  | December 31, 2022
($ in millions) |  | 2018 and prior |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Current |  | Total |  | Total
NAIC 2 / BBB |  | $ | 4 |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | 26 |  |  | $ | 4 |  |  | $ | 10 |  |  | $ | 54 |  |  | $ | 54 |
NAIC 3 / BB |  | — |  |  | — |  |  | 1 |  |  | 139 |  |  | 9 |  |  | 46 |  |  | 195 |  |  | 266 |
NAIC 4 / B |  | 11 |  |  | 17 |  |  | 14 |  |  | 197 |  |  | 34 |  |  | 121 |  |  | 394 |  |  | 329 |
NAIC 5-6 / CCC and below |  | 35 |  |  | 1 |  |  | 1 |  |  | 23 |  |  | 6 |  |  | 6 |  |  | 72 |  |  | 94 |
Amortized cost before allowance |  | $ | 50 |  |  | $ | 23 |  |  | $ | 21 |  |  | $ | 385 |  |  | $ | 53 |  |  | $ | 183 |  |  | $ | 715 |  |  | $ | 743 |
Allowance |  |  |  |  |  |  |  |  |  |  |  |  |  | (36) |  |  | (57) |
Amortized cost, net |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 679 |  |  | $ | 686 |

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