XML 72 R59.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value (Table of reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, Beginning, Assets $ 1,578 $ 1,151
Reported in Net investment gains (losses) $ 1 $ (12)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net investment (losses) gains Net investment (losses) gains
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Other comprehensive (loss) income Other comprehensive (loss) income
Reported in Other comprehensive income (loss) $ (323) $ (43)
Total realized and unrealized investment gains (losses) (308) (46)
Purchases 580 612
Sales (10) (32)
Settlements (145) (130)
Transfers into Level 3 85 150
Transfers out of Level 3 (104) (127)
Balance, Ending, Assets 1,676 1,578
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Net income (loss) in the period (4) (2)
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Other comprehensive income (loss) in the period (321) (44)
Corporate and other bonds    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, Beginning, Assets 937 770
Reported in Net investment gains (losses) (2) (10)
Reported in Other comprehensive income (loss) (184) (32)
Total realized and unrealized investment gains (losses) (185) (42)
Purchases 137 312
Sales (5) (3)
Settlements (84) (68)
Transfers into Level 3 10 20
Transfers out of Level 3 0 (52)
Balance, Ending, Assets 810 937
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Net income (loss) in the period 0 0
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Other comprehensive income (loss) in the period (183) (32)
States, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, Beginning, Assets 56 46
Reported in Net investment gains (losses) 0 0
Reported in Other comprehensive income (loss) (13) (1)
Total realized and unrealized investment gains (losses) (13) (1)
Purchases 0 12
Sales 0 0
Settlements 0 (1)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, Ending, Assets 43 56
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Net income (loss) in the period 0 0
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Other comprehensive income (loss) in the period (13) (1)
Asset-backed    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, Beginning, Assets 556 308
Reported in Net investment gains (losses) 9 0
Reported in Other comprehensive income (loss) (126) (10)
Total realized and unrealized investment gains (losses) (101) (3)
Purchases 424 287
Sales (2) (9)
Settlements (70) (61)
Transfers into Level 3 75 109
Transfers out of Level 3 (94) (75)
Balance, Ending, Assets 788 556
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Net income (loss) in the period 0 0
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Other comprehensive income (loss) in the period (125) (11)
Equity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, Beginning, Assets 29 27
Reported in Net investment gains (losses) (6) (2)
Reported in Other comprehensive income (loss) 0 0
Total realized and unrealized investment gains (losses) (9) 0
Purchases 19 1
Sales (3) (20)
Settlements 9 0
Transfers into Level 3 0 21
Transfers out of Level 3 (10) 0
Balance, Ending, Assets 35 29
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Net income (loss) in the period (4) (2)
Unrealized gains (losses) on Level 3 assets and liabilities recognized in Other comprehensive income (loss) in the period 0 0
Reported in Net investment income    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Reported in Net investment income 14 9
Reported in Net investment income | Corporate and other bonds    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Reported in Net investment income 1 0
Reported in Net investment income | States, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Reported in Net investment income 0 0
Reported in Net investment income | Asset-backed    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Reported in Net investment income 16 7
Reported in Net investment income | Equity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Reported in Net investment income $ (3) $ 2