XML 118 R46.htm IDEA: XBRL DOCUMENT
v3.24.0.1

OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Other Comprehensive Income (Loss), Tax [Abstract] |
Schedule of Components of Comprehensive Income (Loss) | The following table presents the components of comprehensive income (loss) in the consolidated statements of operations for the periods indicated:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
(Dollars in millions) | Before Tax |  | Tax Effect |  | Net of Tax |  | Before Tax |  | Tax Effect |  | Net of Tax |  | Before Tax |  | Tax Effect |  | Net of Tax
URA(D) on securities - non-credit related | $ | 843 |  |  | $ | (101) |  |  | $ | 743 |  |  | $ | (2,332) |  |  | $ | 295 |  |  | $ | (2,037) |  |  | $ | (548) |  |  | $ | 59 |  |  | $ | (488) |
Reclassification of net realized losses (gains) included in net income (loss) | 285 |  |  | (41) |  |  | 244 |  |  | 107 |  |  | (18) |  |  | 89 |  |  | 5 |  |  | (2) |  |  | 4 |
Foreign currency translation adjustments | 64 |  |  | (5) |  |  | 59 |  |  | (82) |  |  | 5 |  |  | (77) |  |  | (64) |  |  | 2 |  |  | (62) |
Benefit plan actuarial net gain (loss) | 19 |  |  | (4) |  |  | 15 |  |  | 18 |  |  | (4) |  |  | 15 |  |  | 22 |  |  | (5) |  |  | 17 |
Reclassification of benefit plan liability amortization included in net income (loss) | 2 |  |  | — |  |  | 2 |  |  | 3 |  |  | (1) |  |  | 2 |  |  | 8 |  |  | (2) |  |  | 6 |
Total other comprehensive income (loss) | $ | 1,214 |  |  | $ | (151) |  |  | $ | 1,063 |  |  | $ | (2,285) |  |  | $ | 277 |  |  | $ | (2,008) |  |  | $ | (577) |  |  | $ | 54 |  |  | $ | (523) |
Schedule of Amount Reclassified from Accumulated Other Comprehensive Income | The following table presents details of the amounts reclassified from AOCI for the periods indicated:
|  | Years Ended December 31, |  | Affected line item within the statements of operations and comprehensive income (loss)
AOCI component |  | 2023 |  | 2022 |
(Dollars in millions) |  |  |  |  |  |
URA(D) on securities |  | $ | 285 |  |  | $ | 107 |  |  | Other net realized capital gains (losses)
|  | (41) |  |  | (18) |  |  | Income tax expense (benefit)
|  | $ | 244 |  |  | $ | 89 |  |  | Net income (loss)
Benefit plan net gain (loss) |  | $ | 2 |  |  | $ | 3 |  |  | Other underwriting expenses
|  | — |  |  | (1) |  |  | Income tax expense (benefit)
|  | $ | 2 |  |  | $ | 2 |  |  | Net income (loss)
Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Tax | The following table presents the components of accumulated other comprehensive income (loss), net of tax, in the consolidated balance sheets for the periods indicated:
| Years Ended December 31,
(Dollars in millions) | 2023 |  | 2022
Beginning balance of URA(D) on securities | $ | (1,709) |  |  | $ | 239 |
Current period change in URA(D) of investments - non-credit related | 986 |  |  | (1,948) |
Ending balance of URA(D) on securities | (723) |  |  | (1,709) |
Beginning balance of foreign currency translation adjustments | (254) |  |  | (177) |
Current period change in foreign currency translation adjustments | 59 |  |  | (77) |
Ending balance of foreign currency translation adjustments | (195) |  |  | (254) |
Beginning balance of benefit plan net gain (loss) | (33) |  |  | (50) |
Current period change in benefit plan net gain (loss) | 17 |  |  | 17 |
Ending balance of benefit plan net gain (loss) | (16) |  |  | (33) |
Ending balance of accumulated other comprehensive income (loss) | $ | (934) |  |  | $ | (1,996) |
(Some amounts may not reconcile due to rounding.)

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

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration