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Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2024
| Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis |  |  |  |
Fixed maturities, AFS |  |  |  |
Asset-backed securities ("ABS") | $ | 3,937 |  | $ | — |  | $ | 3,915 |  | $ | 22 |
Collateralized loan obligations ("CLOs") | 3,250 |  | — |  | 3,134 |  | 116 |
Commercial mortgage-backed securities ("CMBS") | 2,736 |  | — |  | 2,569 |  | 167 |
Corporate | 20,636 |  | — |  | 18,355 |  | 2,281 |
Foreign government/government agencies | 480 |  | — |  | 480 |  | — |
Municipal | 5,304 |  | — |  | 5,304 |  | — |
Residential mortgage-backed securities ("RMBS") | 5,230 |  | — |  | 5,206 |  | 24 |
U.S. Treasuries | 994 |  | 57 |  | 937 |  | — |
Total fixed maturities, AFS | 42,567 |  | 57 |  | 39,900 |  | 2,610 |
FVO securities | 308 |  | — |  | 111 |  | 197 |
Equity securities, at fair value [1] | 603 |  | 372 |  | 144 |  | 87 |
Derivative assets |  |  |  |
Credit derivatives | 30 |  | — |  | 30 |  | — |
Equity derivatives | 4 |  | — |  | 4 |  | — |
Foreign exchange derivatives | 23 |  | — |  | 23 |  | — |
Total derivative assets [2] | 57 |  | — |  | 57 |  | — |
Short-term investments | 4,068 |  | 1,271 |  | 2,699 |  | 98 |
Total assets accounted for at fair value on a recurring basis | $ | 47,603 |  | $ | 1,700 |  | $ | 42,911 |  | $ | 2,992 |
Liabilities accounted for at fair value on a recurring basis |  |  |  |
Derivative liabilities |  |  |  |
Credit derivatives | $ | (30) |  | $ | — |  | $ | (30) |  | $ | — |
Foreign exchange derivatives | 18 |  | — |  | 18 |  | — |
Total derivative liabilities [3] | (12) |  | — |  | (12) |  | — |
Total liabilities accounted for at fair value on a recurring basis | $ | (12) |  | $ | — |  | $ | (12) |  | $ | — |
Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2023
| Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis |  |  |  |
Fixed maturities, AFS |  |  |  |
ABS | $ | 3,320 |  | $ | — |  | $ | 3,320 |  | $ | — |
CLOs | 3,090 |  | — |  | 2,977 |  | 113 |
CMBS | 3,125 |  | — |  | 2,898 |  | 227 |
Corporate | 17,866 |  | — |  | 16,005 |  | 1,861 |
Foreign government/government agencies | 562 |  | — |  | 562 |  | — |
Municipal | 6,039 |  | — |  | 6,039 |  | — |
RMBS | 4,287 |  | — |  | 4,251 |  | 36 |
U.S. Treasuries | 1,529 |  | 18 |  | 1,511 |  | — |
Total fixed maturities, AFS | 39,818 |  | 18 |  | 37,563 |  | 2,237 |
FVO securities | 327 |  | — |  | 160 |  | 167 |
Equity securities, at fair value [1] | 864 |  | 333 |  | 473 |  | 58 |
Derivative assets |  |  |  |
Credit derivatives | (10) |  | — |  | (10) |  | — |
Foreign exchange derivatives | 9 |  | — |  | 9 |  | — |
Total derivative assets [2] | (1) |  | — |  | (1) |  | — |
Short-term investments | 3,850 |  | 1,400 |  | 2,425 |  | 25 |
Total assets accounted for at fair value on a recurring basis | $ | 44,858 |  | $ | 1,751 |  | $ | 40,620 |  | $ | 2,487 |
Liabilities accounted for at fair value on a recurring basis |  |  |  |
Derivative liabilities |  |  |  |
Credit derivatives | $ | 10 |  | $ | — |  | $ | 10 |  | $ | — |
Foreign exchange derivatives | 4 |  | — |  | 4 |  | — |
Interest rate derivatives | (6) |  | — |  | (6) |  | — |
Total derivative liabilities [3] | 8 |  | — |  | 8 |  | — |
Total liabilities accounted for at fair value on a recurring basis | $ | 8 |  | $ | — |  | $ | 8 |  | $ | — |
[1]Level 3 includes investments that have contractual sales restrictions that require consent to sell and are in place for the duration that the securities are held by the Company. [2]Includes derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements and applicable law. See footnote 3 to this table for derivative liabilities. [3]Includes derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements and applicable law.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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