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SCHEDULE I — SUMMARY OF INVESTMENTS — OTHER THAN INVESTMENTS IN RELATED PARTIES
12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]  
SCHEDULE I — SUMMARY OF INVESTMENTS — OTHER THAN INVESTMENTS IN RELATED PARTIES
SCHEDULE I — SUMMARY OF INVESTMENTS —
OTHER THAN INVESTMENTS IN RELATED PARTIES
December 31, 2024
Column AColumn BColumn CColumn D
(Dollars in millions)CostFair
Value
Amount
Shown in
Balance
Sheet
Fixed maturities - available for sale
Bonds:
U.S. government and government agencies$688 $669 $669 
State, municipalities and political subdivisions75 70 70 
Foreign government securities2,330 2,196 2,196 
Foreign corporate securities6,099 5,861 5,861 
Public utilities449 424 424 
All other corporate bonds12,369 12,105 12,105 
Mortgage - backed securities:
Commercial965 900 900 
Agency residential5,205 4,931 4,931 
Non-agency residential1,291 1,289 1,289 
Redeemable preferred stock464 464 464 
Total fixed maturities-available for sale29,934 28,908 28,908 
Fixed maturities - held to maturity
Bonds:
Foreign corporate securities84 86 83 
Public utilities
All other corporate bonds656 647 650 
Mortgage - backed securities:
Commercial21 21 20 
Total fixed maturities-held to maturity765 759 757 
Equity securities - at fair value (1)
212 217 217 
Short-term investments4,707 4,707 4,707 
Other invested assets5,392 5,392 5,392 
Cash1,549 1,549 1,549 
Total investments and cash$42,560 $41,533 $41,531 
(Some amounts may not reconcile due to rounding.)
(1)Original cost does not reflect fair value adjustments, which have been realized through the statements of operations and comprehensive income (loss).