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Statutory Information (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Statutory Information [Abstract]

Summary of statutory capital, surplus and net income

The actual and required statutory capital and surplus for the Company’s principal operating subsidiaries at December 31, 2023 and 2022:


	December 31,
	2023		2022
Actual capital and surplus (1):
Bermuda	$	24,120	$	19,546
Ireland	1,148		968
United States	6,897		6,195
United Kingdom	1,367		1,018
Canada	83		69
Australia	366		285

Required capital and surplus:
Bermuda	$	7,112	$	6,450
Ireland	942		815
United States	1,895		1,749
United Kingdom	1,192		543
Canada	53		48
Australia	179		176

(1)Such amounts include ownership interests in affiliated insurance and reinsurance subsidiaries.

The statutory net income (loss) for the Company’s principal operating subsidiaries for 2023, 2022 and 2021 was as follows:


	Year Ended December 31,
	2023		2022		2021
Statutory net income (loss):
Bermuda	$	3,519	$	1,730	$	2,371
Ireland	53		(53)		25
United States	592		220		346
United Kingdom	72		57		35
Canada	6		9		7
Australia	68		39		12

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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