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v3.24.2

Fair Value Measurements - Fair Value Recurring Basis, Unobservable Input (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Assets |  |  |  |
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] | Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) |  |  |  |
Assets |  |  |  |
Beginning balance | $ 2,684 | $ 2,537 | $ 2,487 | $ 2,483
Total realized/unrealized gains (losses), Included in net income | (4) | (10) | (1) | (18)
Total realized/unrealized gains (losses), Included in OCI | (16) | 4 | (21) | 30
Purchases | 680 | 75 | 971 | 223
Settlements | (77) | (72) | (126) | (141)
Sales | (49) | (7) | (51) | (14)
Transfers into Level 3 | 0 | 10 | 6 | 47
Transfers out of Level 3 | (176) | (115) | (223) | (188)
Ending balance | 3,042 | 2,422 | 3,042 | 2,422
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Equity securities, at fair value |  |  |  |
Assets |  |  |  |
Beginning balance | 58 | 60 | 58 | 61
Total realized/unrealized gains (losses), Included in net income | 0 | (1) | 0 | (2)
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 1
Settlements | 0 | 0 | 0 | (1)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 58 | 59 | 58 | 59
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Short-term investments |  |  |  |
Assets |  |  |  |
Beginning balance | 26 | 187 | 25 | 193
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 | 3 | 1 | 4
Settlements | (1) | (4) | (1) | (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 | 25 | 186 | 25 | 186
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Securities available-for-sale and other | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 2,433 | 2,118 | 2,237 | 2,051
Total realized/unrealized gains (losses), Included in net income | (2) | (4) | (2) | (3)
Total realized/unrealized gains (losses), Included in OCI | (16) | 4 | (21) | 30
Purchases | 680 | 72 | 970 | 218
Settlements | (71) | (64) | (117) | (127)
Sales | (49) | (7) | (51) | (14)
Transfers into Level 3 | 0 | 10 | 6 | 47
Transfers out of Level 3 | (176) | (115) | (223) | (188)
Ending balance | 2,799 | 2,014 | 2,799 | 2,014
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Securities available-for-sale and other | ABS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 16 | 36 | 0 | 30
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 | 16 | 36
Settlements | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (8) | (36) | (8) | (66)
Ending balance | 8 | 0 | 8 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Securities available-for-sale and other | Collateralized Loan Obligations [Member] | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 184 | 151 | 113 | 115
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 | 460 | 0 | 590 | 40
Settlements | (14) | (26) | (26) | (30)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (130) | (40) | (177) | (40)
Ending balance | 500 | 85 | 500 | 85
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Securities available-for-sale and other | CMBS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 241 | 231 | 227 | 222
Total realized/unrealized gains (losses), Included in net income | (2) | (2) | (2) | (2)
Total realized/unrealized gains (losses), Included in OCI | 2 | 7 | 12 | 2
Purchases | 0 | 2 | 0 | 6
Settlements | (3) | (1) | (5) | (1)
Sales | (48) | (5) | (48) | (5)
Transfers into Level 3 | 0 | 6 | 6 | 16
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 190 | 238 | 190 | 238
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Securities available-for-sale and other | Corporate | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 1,923 | 1,643 | 1,861 | 1,589
Total realized/unrealized gains (losses), Included in net income | 0 | (2) | 0 | (1)
Total realized/unrealized gains (losses), Included in OCI | (18) | (3) | (33) | 28
Purchases | 206 | 51 | 312 | 117
Settlements | (49) | (30) | (76) | (81)
Sales | (1) | (2) | (3) | (9)
Transfers into Level 3 | 0 | 4 | 0 | 31
Transfers out of Level 3 | 0 | (39) | 0 | (52)
Ending balance | 2,061 | 1,622 | 2,061 | 1,622
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Securities available-for-sale and other | RMBS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 69 | 57 | 36 | 95
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 | 14 | 19 | 52 | 19
Settlements | (5) | (7) | (10) | (15)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (38) | 0 | (38) | (30)
Ending balance | 40 | 69 | 40 | 69
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Fair Value Option, Other Eligible Items | Collateralized Loan Obligations [Member] | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 167 | 172 | 167 | 178
Total realized/unrealized gains (losses), Included in net income | (2) | (5) | 1 | (13)
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Settlements | (5) | (4) | (8) | (2)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | $ 160 | $ 163 | $ 160 | $ 163

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- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 102 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-102 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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