XML 62 R50.htm IDEA: XBRL DOCUMENT v3.24.2.u1
FAIR VALUE - Level 3 Activity (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total gains or (losses) (realized/unrealized)        
Transfers in/(out) of Level 3 and reclassification of securities in/(out) of investment categories $ 0   $ 0  
Market Value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance of fixed maturities 1,976,000,000 $ 1,745,000,000 1,993,000,000 $ 1,725,000,000
Total gains or (losses) (realized/unrealized)        
Included in earnings 5,000,000 1,000,000 6,000,000 2,000,000
Included in other comprehensive income (loss) $ 2,000,000 $ (9,000,000) $ 9,000,000 $ 4,000,000
Included in other comprehensive income (loss) Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
Purchases, issuances and settlements $ 62,000,000 $ 105,000,000 $ 37,000,000 $ 111,000,000
Transfers in/(out) of Level 3 and reclassification of securities in/(out) of investment categories 0 0 0 0
Ending balance of fixed maturities 2,045,000,000 1,842,000,000 2,045,000,000 1,842,000,000
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date 3,000,000 0 4,000,000 0
Corporate Securities | Market Value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance of fixed maturities 620,000,000 709,000,000 672,000,000 715,000,000
Total gains or (losses) (realized/unrealized)        
Included in earnings 5,000,000 1,000,000 6,000,000 2,000,000
Included in other comprehensive income (loss) (1,000,000) (2,000,000) (1,000,000) (6,000,000)
Purchases, issuances and settlements (35,000,000) 3,000,000 (88,000,000) 0
Transfers in/(out) of Level 3 and reclassification of securities in/(out) of investment categories 0 0 0 0
Ending balance of fixed maturities 589,000,000 711,000,000 589,000,000 711,000,000
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date 3,000,000 0 4,000,000 0
Asset-backed Securities | Market Value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance of fixed maturities 1,340,000,000 1,020,000,000 1,305,000,000 994,000,000
Total gains or (losses) (realized/unrealized)        
Included in earnings 0 0 0 0
Included in other comprehensive income (loss) 3,000,000 (8,000,000) 10,000,000 10,000,000
Purchases, issuances and settlements 99,000,000 103,000,000 126,000,000 111,000,000
Transfers in/(out) of Level 3 and reclassification of securities in/(out) of investment categories 0 0 0 0
Ending balance of fixed maturities 1,442,000,000 1,115,000,000 1,442,000,000 1,115,000,000
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date 0 0 0 0
Foreign corporate securities | Market Value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance of fixed maturities 16,000,000 16,000,000 16,000,000 16,000,000
Total gains or (losses) (realized/unrealized)        
Included in earnings 0 0 0 0
Included in other comprehensive income (loss) 0 0 0 0
Purchases, issuances and settlements (2,000,000) 0 (2,000,000) 0
Transfers in/(out) of Level 3 and reclassification of securities in/(out) of investment categories 0 0 0 0
Ending balance of fixed maturities 14,000,000 16,000,000 14,000,000 16,000,000
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date $ 0 $ 0 $ 0 $ 0