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SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT - CONDENSED BALANCE SHEETS (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
ASSETS:      
Fixed maturities - available for sale (amortized cost: 2023, $0; 2022, $0) $ 27,740 $ 22,236  
Other invested assets (cost: 2023, $38; 2022, $0) 4,794 4,085  
Cash 1,437 1,398  
Accrued investment income 324 217  
Other assets 941 930  
TOTAL ASSETS 49,399 39,966  
LIABILITIES:      
Other liabilities 582 555  
TOTAL LIABILITIES 36,197 31,525  
SHAREHOLDERS' EQUITY:      
Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding 0 0  
Common shares, par value: $0.01; 200.0 shares authorized; (2023) 74.2 and (2022) 69.9 outstanding before treasury shares 1 1  
Additional paid-in capital 3,773 2,302  
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of ($99) at 2023 and $(250) at 2022 (934) (1,996)  
Treasury shares, at cost; 30.8 shares (2023) and 30.8 shares (2022) (3,908) (3,908)  
Retained earnings 14,270 12,042  
Total shareholders' equity 13,202 8,441 $ 10,139
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 49,399 39,966  
Parent Company      
ASSETS:      
Fixed maturities - available for sale (amortized cost: 2023, $0; 2022, $0) 0 0  
Other invested assets (cost: 2023, $38; 2022, $0) 38 0  
Cash 9 22  
Investment in subsidiaries, at equity in the underlying net assets 14,832 11,116  
Long-term notes receivable, affiliated 50 0  
Accrued investment income 2 0  
Receivable from subsidiaries 13 11  
Other assets 46 43  
TOTAL ASSETS 14,989 11,192  
LIABILITIES:      
Long-term notes payable, affiliated 1,773 2,738  
Due to subsidiaries 8 4  
Other liabilities 6 9  
TOTAL LIABILITIES 1,787 2,751  
SHAREHOLDERS' EQUITY:      
Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding 0 0  
Common shares, par value: $0.01; 200.0 shares authorized; (2023) 74.2 and (2022) 69.9 outstanding before treasury shares 1 1  
Additional paid-in capital 3,773 2,302  
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of ($99) at 2023 and $(250) at 2022 (934) (1,996)  
Treasury shares, at cost; 30.8 shares (2023) and 30.8 shares (2022) (3,908) (3,908)  
Retained earnings 14,270 12,042  
Total shareholders' equity 13,202 8,441  
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 14,989 $ 11,192