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v3.23.2

Fair Value Measurements - Fair Value Recurring Basis, Unobservable Input (Details) - Fair Value, Measurements, Recurring - Significant Unobservable Inputs (Level 3) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Assets |  |  |  |
Beginning balance | $ 2,537 | $ 2,552 | $ 2,483 | $ 2,708
Total realized/unrealized gains (losses), Included in net income | (10) | (11) | (18) | (4)
Total realized/unrealized gains (losses), Included in OCI | 4 | (115) | 30 | (186)
Purchases | 75 | 361 | 223 | 700
Settlements | (72) | (125) | (141) | (271)
Sales | (7) | (14) | (14) | (22)
Transfers into Level 3 | 10 | 24 | 47 | 24
Transfers out of Level 3 | (115) | (227) | (188) | (504)
Ending balance | 2,422 | 2,445 | 2,422 | 2,445
Equity securities, at fair value |  |  |  |
Assets |  |  |  |
Beginning balance | 60 | 57 | 61 | 64
Total realized/unrealized gains (losses), Included in net income | (1) | 2 | (2) | 9
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 2 | 1 | 2
Settlements | 0 | (1) | (1) | (15)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 59 | 60 | 59 | 60
Short-term investments |  |  |  |
Assets |  |  |  |
Beginning balance | 187 | 32 | 193 | 80
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 3 | 32 | 4 | 36
Settlements | (4) | (4) | (11) | (6)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | (50)
Ending balance | 186 | 60 | 186 | 60
Securities available-for-sale and other | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 2,118 | 2,289 | 2,051 | 2,404
Total realized/unrealized gains (losses), Included in net income | (4) | 0 | (3) | (2)
Total realized/unrealized gains (losses), Included in OCI | 4 | (115) | 30 | (186)
Purchases | 72 | 292 | 218 | 607
Settlements | (64) | (117) | (127) | (239)
Sales | (7) | (14) | (14) | (22)
Transfers into Level 3 | 10 | 24 | 47 | 24
Transfers out of Level 3 | (115) | (227) | (188) | (454)
Ending balance | 2,014 | 2,132 | 2,014 | 2,132
Securities available-for-sale and other | ABS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 36 | 19 | 30 | 0
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 36 | 19
Settlements | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (36) | (19) | (66) | (19)
Ending balance | 0 | 0 | 0 | 0
Securities available-for-sale and other | Collateralized Loan Obligations [Member] | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 151 | 214 | 115 | 257
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | (1) | 0 | (2)
Purchases | 0 | 28 | 40 | 82
Settlements | (26) | (23) | (30) | (40)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (40) | (54) | (40) | (133)
Ending balance | 85 | 164 | 85 | 164
Securities available-for-sale and other | CMBS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 231 | 236 | 222 | 196
Total realized/unrealized gains (losses), Included in net income | (2) | 0 | (2) | 0
Total realized/unrealized gains (losses), Included in OCI | 7 | (10) | 2 | (15)
Purchases | 2 | 0 | 6 | 46
Settlements | (1) | (2) | (1) | (3)
Sales | (5) | 0 | (5) | 0
Transfers into Level 3 | 6 | 0 | 16 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 238 | 224 | 238 | 224
Securities available-for-sale and other | Corporate | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 1,643 | 1,515 | 1,589 | 1,618
Total realized/unrealized gains (losses), Included in net income | (2) | 1 | (1) | (1)
Total realized/unrealized gains (losses), Included in OCI | (3) | (99) | 28 | (158)
Purchases | 51 | 264 | 117 | 323
Settlements | (30) | (62) | (81) | (132)
Sales | (2) | (14) | (9) | (21)
Transfers into Level 3 | 4 | 21 | 31 | 21
Transfers out of Level 3 | (39) | (17) | (52) | (41)
Ending balance | 1,622 | 1,609 | 1,622 | 1,609
Securities available-for-sale and other | Foreign government/government agencies | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance |  | 4 |  | 5
Total realized/unrealized gains (losses), Included in net income |  | (1) |  | (1)
Total realized/unrealized gains (losses), Included in OCI |  | (1) |  | (1)
Purchases |  | 0 |  | 0
Settlements |  | 0 |  | 0
Sales |  | 0 |  | (1)
Transfers into Level 3 |  | 3 |  | 3
Transfers out of Level 3 |  | 0 |  | 0
Ending balance |  | 5 |  | 5
Securities available-for-sale and other | RMBS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 57 | 301 | 95 | 328
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | (4) | 0 | (10)
Purchases | 19 | 0 | 19 | 137
Settlements | (7) | (30) | (15) | (64)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | (137) | (30) | (261)
Ending balance | 69 | 130 | 69 | 130
Fair Value Option, Other Eligible Items | Collateralized Loan Obligations [Member] | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 172 | 174 | 178 | 160
Total realized/unrealized gains (losses), Included in net income | (5) | (13) | (13) | (11)
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 35 | 0 | 55
Settlements | (4) | (3) | (2) | (11)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | $ 163 | $ 193 | $ 163 | $ 193

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