XML 108 R94.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale $ 84,507 [1] $ 77,617 [2]
Equity Method Investments, Fair Value Disclosure 153 [1] 155 [2]
Funds withheld at interest embedded derivatives (216) [1] (215) [2]
Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure 57 [1] 56 [2]
Cash and cash equivalents 3,873 [1] 2,055 [2]
Short-term investments 399 [1] 313 [2]
Derivative Assets (Liabilities), at Fair Value, Net 114 [1] 121 [2]
Investments, Fair Value Disclosure 131 [1] 138 [2]
Assets, Fair Value Disclosure 88,905 [1] 80,121 [2]
Liabilities Fair Value Disclosure    
Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives 383 435
Derivative Liability 150 160
Funds Held under Reinsurance Agreements, Liability (4,889) (5,017)
Other liabilities (488) (486)
Financial Liabilities Fair Value Disclosure 721 761
Fair Value, Net Asset (Liability) 963 966
Derivative Asset 1 2
Fair Value Option Contractholder Directed Unit Linked Investments [Member]    
Assets Fair Value Disclosure    
Investments, Fair Value Disclosure 17 [1] 17 [2]
Corporate Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 55,720 [1] 50,991 [2]
Canadian and Canadian provincial governments    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 4,996 [1] 5,016 [2]
Residential mortgage-backed securities    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 1,502 [1] 1,317 [2]
Asset-backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 5,520 [1] 5,040 [2]
Assets, Fair Value Disclosure 677 564
Commercial Mortgage Backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 2,267 [1] 2,267 [2]
US Treasury and Government [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 1,963 [1] 2,464 [2]
US States and Political Subdivisions Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 722 [1] 693 [2]
Debt Security, Government, Non-US [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 5,712 [1] 5,384 [2]
Japanese Government    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 6,105 [1] 4,445 [2]
Fair Value Inputs Level 1 Member    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 1,886 [1] 2,379 [2]
Equity Method Investments, Fair Value Disclosure 66 [1] 67 [2]
Funds withheld at interest embedded derivatives 0 [1] 0 [2]
Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure 0 [1] 0 [2]
Cash and cash equivalents 3,862 [1] 2,053 [2]
Short-term investments 303 [1] 175 [2]
Derivative Assets (Liabilities), at Fair Value, Net 0 [1] 0 [2]
Investments, Fair Value Disclosure 0 [1] 0 [2]
Assets, Fair Value Disclosure 6,117 [1] 4,674 [2]
Liabilities Fair Value Disclosure    
Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives 0 0
Derivative Liability 0 0
Other liabilities 0 0
Financial Liabilities Fair Value Disclosure 0 0
Derivative Asset 0 0
Fair Value Inputs Level 1 Member | Fair Value Option Contractholder Directed Unit Linked Investments [Member]    
Assets Fair Value Disclosure    
Investments, Fair Value Disclosure 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | Corporate Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | Canadian and Canadian provincial governments    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | Residential mortgage-backed securities    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | Asset-backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | Commercial Mortgage Backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | US Treasury and Government [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 1,886 [1] 2,379 [2]
Fair Value Inputs Level 1 Member | US States and Political Subdivisions Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | Debt Security, Government, Non-US [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 1 Member | Japanese Government    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 2 Member    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 72,457 [1] 66,550 [2]
Equity Method Investments, Fair Value Disclosure 0 [1] 0 [2]
Funds withheld at interest embedded derivatives 0 [1] 0 [2]
Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure 0 [1] 0 [2]
Cash and cash equivalents 11 [1] 2 [2]
Short-term investments 93 [1] 127 [2]
Derivative Assets (Liabilities), at Fair Value, Net 114 [1] 121 [2]
Investments, Fair Value Disclosure 131 [1] 138 [2]
Assets, Fair Value Disclosure 72,692 [1] 66,817 [2]
Liabilities Fair Value Disclosure    
Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives 0 0
Derivative Liability 0 0
Other liabilities (487) (484)
Financial Liabilities Fair Value Disclosure 487 484
Derivative Asset 0 0
Fair Value Inputs Level 2 Member | Fair Value Option Contractholder Directed Unit Linked Investments [Member]    
Assets Fair Value Disclosure    
Investments, Fair Value Disclosure 17 [1] 17 [2]
Fair Value Inputs Level 2 Member | Corporate Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 47,498 [1] 44,137 [2]
Fair Value Inputs Level 2 Member | Canadian and Canadian provincial governments    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 4,996 [1] 5,016 [2]
Fair Value Inputs Level 2 Member | Residential mortgage-backed securities    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 1,502 [1] 1,317 [2]
Fair Value Inputs Level 2 Member | Asset-backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 3,625 [1] 3,254 [2]
Fair Value Inputs Level 2 Member | Commercial Mortgage Backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 2,254 [1] 2,254 [2]
Fair Value Inputs Level 2 Member | US Treasury and Government [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 73 [1] 80 [2]
Fair Value Inputs Level 2 Member | US States and Political Subdivisions Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 722 [1] 693 [2]
Fair Value Inputs Level 2 Member | Debt Security, Government, Non-US [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 5,682 [1] 5,354 [2]
Fair Value Inputs Level 2 Member | Japanese Government    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 6,105 [1] 4,445 [2]
Fair Value Inputs Level 3 Member    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 10,164 [1] 8,688 [2]
Equity Method Investments, Fair Value Disclosure 87 [1] 88 [2]
Funds withheld at interest embedded derivatives (216) [1] (215) [2]
Funds Held Under Reinsurance Agreements, Asset Fair Value Disclosure 57 [1] 56 [2]
Cash and cash equivalents 0 [1] 0 [2]
Short-term investments 3 [1] 11 [2]
Derivative Assets (Liabilities), at Fair Value, Net 0 [1] 0 [2]
Investments, Fair Value Disclosure 0 [1] 0 [2]
Assets, Fair Value Disclosure 10,096 [1] 8,630 [2]
Liabilities Fair Value Disclosure    
Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives 383 435
Derivative Liability 150 160
Other liabilities (1) (2)
Financial Liabilities Fair Value Disclosure 234 277
Derivative Asset 1 2
Fair Value Inputs Level 3 Member | Fair Value Option Contractholder Directed Unit Linked Investments [Member]    
Assets Fair Value Disclosure    
Investments, Fair Value Disclosure 0 [1] 0 [2]
Fair Value Inputs Level 3 Member | Corporate Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 8,222 [1] 6,854 [2]
Fair Value Inputs Level 3 Member | Canadian and Canadian provincial governments    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 3 Member | Residential mortgage-backed securities    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 3 Member | Asset-backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 1,895 [1] 1,786 [2]
Fair Value Inputs Level 3 Member | Commercial Mortgage Backed Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 13 [1] 13 [2]
Fair Value Inputs Level 3 Member | US Treasury and Government [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 4 [1] 5 [2]
Fair Value Inputs Level 3 Member | US States and Political Subdivisions Debt Securities [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 0 [1] 0 [2]
Fair Value Inputs Level 3 Member | Debt Security, Government, Non-US [Member]    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale 30 [1] 30 [2]
Fair Value Inputs Level 3 Member | Japanese Government    
Assets Fair Value Disclosure    
Fixed maturity securities, available-for-sale $ 0 [1] $ 0 [2]
[1] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of March 31, 2025, the fair value of such investments was $963 million.
[2] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2024, the fair value of such investments was $966 million