XML 125 R53.htm IDEA: XBRL DOCUMENT
v3.24.0.1

INVESTMENTS - Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Appreciation/(Depreciation) and Fair Value of Fixed Maturity Securities (Details) - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | --- | ---
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | $ 28,568 | $ 24,191 |
Allowance for Credit Losses | (48) | (54) | $ (30)
Unrealized Appreciation | 358 | 81 |
Unrealized Depreciation | (1,137) | (1,982) |
Fair Value | 27,740 | 22,236 |
Fixed maturity securities - held to maturity |  |  |
Amortized Cost | 864 | 848 |
Allowance for Credit Losses | (8) | (9) | 0
Unrealized Appreciation | 12 | 3 |
Unrealized Depreciation | (13) | (22) |
Fair Value | 854 | 821 |
U.S. Treasury securities and obligations of U.S. government agencies and corporations |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 1,045 | 1,334 |
Allowance for Credit Losses | 0 | 0 |
Unrealized Appreciation | 3 | 6 |
Unrealized Depreciation | (52) | (82) |
Fair Value | 996 | 1,257 |
Obligations of U.S. States and political subdivisions |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 138 | 444 |
Allowance for Credit Losses | 0 | 0 |
Unrealized Appreciation | 1 | 2 |
Unrealized Depreciation | (11) | (32) |
Fair Value | 128 | 413 |
Corporate securities |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 7,587 | 7,044 |
Allowance for Credit Losses | (47) | (45) | (19)
Unrealized Appreciation | 135 | 31 |
Unrealized Depreciation | (322) | (561) |
Fair Value | 7,353 | 6,469 |
Fixed maturity securities - held to maturity |  |  |
Amortized Cost | 150 | 152 |
Allowance for Credit Losses | (2) | (2) | 0
Unrealized Appreciation | 1 | 0 |
Unrealized Depreciation | (3) | (6) |
Fair Value | 146 | 144 |
Asset-backed securities |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 5,644 | 4,229 |
Allowance for Credit Losses | 0 | 0 | (8)
Unrealized Appreciation | 25 | 5 |
Unrealized Depreciation | (51) | (171) |
Fair Value | 5,618 | 4,063 |
Fixed maturity securities - held to maturity |  |  |
Amortized Cost | 609 | 661 |
Allowance for Credit Losses | (5) | (6) | 0
Unrealized Appreciation | 4 | 2 |
Unrealized Depreciation | (10) | (15) |
Fair Value | 597 | 642 |
Commercial |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 1,091 | 1,023 |
Allowance for Credit Losses | 0 | 0 |
Unrealized Appreciation | 1 | 0 |
Unrealized Depreciation | (92) | (105) |
Fair Value | 1,000 | 919 |
Fixed maturity securities - held to maturity |  |  |
Amortized Cost | 21 | 7 |
Allowance for Credit Losses | 0 | 0 |
Unrealized Appreciation | 0 | 0 |
Unrealized Depreciation | 0 | 0 |
Fair Value | 21 | 7 |
Agency residential |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 4,869 | 3,382 |
Allowance for Credit Losses | 0 | 0 |
Unrealized Appreciation | 55 | 7 |
Unrealized Depreciation | (229) | (290) |
Fair Value | 4,695 | 3,099 |
Non-agency residential |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 431 | 5 |
Allowance for Credit Losses | 0 | 0 |
Unrealized Appreciation | 14 | 0 |
Unrealized Depreciation | (2) | (1) |
Fair Value | 443 | 4 |
Foreign government securities |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 2,042 | 1,586 |
Allowance for Credit Losses | 0 | 0 |
Unrealized Appreciation | 33 | 8 |
Unrealized Depreciation | (108) | (179) |
Fair Value | 1,967 | 1,415 |
Foreign corporate securities |  |  |
Fixed maturity securities - available for sale |  |  |
Fixed maturities, amortized cost | 5,720 | 5,143 |
Allowance for Credit Losses | (1) | (10) | (3)
Unrealized Appreciation | 92 | 23 |
Unrealized Depreciation | (271) | (562) |
Fair Value | 5,540 | 4,596 |
Fixed maturity securities - held to maturity |  |  |
Amortized Cost | 84 | 28 |
Allowance for Credit Losses | (1) | (1) | $ 0
Unrealized Appreciation | 7 | 2 |
Unrealized Depreciation | 0 | 0 |
Fair Value | $ 90 | $ 28 |

X
- Definition Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount excluding accrued interest, of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, excluding accrued interest, of allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1 + Details
Name: | us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount excluding accrued interest, before allowance for credit loss, of investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3B -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-3B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of accumulated unrecognized gain on investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 + Details
Name: | us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of accumulated unrealized loss on investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 + Details
Name: | us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 + Details
Name: | us-gaap_HeldToMaturitySecuritiesFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DomesticCorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ForeignCorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |