XML 61 R51.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value (Assets and liabilities measured at fair value on a recurring basis) (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Fixed maturity securities:    
Fixed maturity securities $ 37,856 $ 37,627 [1]
Equity securities:    
Equity securities 692 674 [1]
Short term and other 1,791 1,679
Total assets 40,339 39,980
Other liabilities 1 1
Total liabilities 1 1
Corporate and other bonds    
Fixed maturity securities:    
Fixed maturity securities 23,320 22,117
States, municipalities and political subdivisions    
Fixed maturity securities:    
Fixed maturity securities 7,034 8,317
Asset-backed    
Fixed maturity securities:    
Fixed maturity securities 7,502 7,193
Common Stock    
Equity securities:    
Equity securities 213 185
Non-redeemable preferred stock    
Equity securities:    
Equity securities 479 489
Level 1    
Fixed maturity securities:    
Fixed maturity securities 159 120
Equity securities:    
Equity securities 242 204
Short term and other 1,756 1,608
Total assets 2,157 1,932
Other liabilities 0 0
Total liabilities 0 0
Level 1 | Corporate and other bonds    
Fixed maturity securities:    
Fixed maturity securities 159 120
Level 1 | States, municipalities and political subdivisions    
Fixed maturity securities:    
Fixed maturity securities 0 0
Level 1 | Asset-backed    
Fixed maturity securities:    
Fixed maturity securities 0 0
Level 1 | Common Stock    
Equity securities:    
Equity securities 190 150
Level 1 | Non-redeemable preferred stock    
Equity securities:    
Equity securities 52 54
Level 2    
Fixed maturity securities:    
Fixed maturity securities 35,814 35,866
Equity securities:    
Equity securities 427 435
Short term and other 35 71
Total assets 36,276 36,372
Other liabilities 1 1
Total liabilities 1 1
Level 2 | Corporate and other bonds    
Fixed maturity securities:    
Fixed maturity securities 22,216 21,187
Level 2 | States, municipalities and political subdivisions    
Fixed maturity securities:    
Fixed maturity securities 6,993 8,274
Level 2 | Asset-backed    
Fixed maturity securities:    
Fixed maturity securities 6,605 6,405
Level 2 | Common Stock    
Equity securities:    
Equity securities 0 0
Level 2 | Non-redeemable preferred stock    
Equity securities:    
Equity securities 427 435
Level 3    
Fixed maturity securities:    
Fixed maturity securities 1,883 1,641
Equity securities:    
Equity securities 23 35
Short term and other 0 0
Total assets 1,906 1,676
Other liabilities 0 0
Total liabilities 0 0
Level 3 | Corporate and other bonds    
Fixed maturity securities:    
Fixed maturity securities 945 810
Level 3 | States, municipalities and political subdivisions    
Fixed maturity securities:    
Fixed maturity securities 41 43
Level 3 | Asset-backed    
Fixed maturity securities:    
Fixed maturity securities 897 788
Level 3 | Common Stock    
Equity securities:    
Equity securities 23 35
Level 3 | Non-redeemable preferred stock    
Equity securities:    
Equity securities $ 0 $ 0
[1] As of January 1, 2023, the Company adopted ASU 2018-12 using the modified retrospective method applied as of the transition date of January 1, 2021. Prior period amounts in the financial statements have been adjusted to reflect application of the new guidance. See Note A to the Condensed Consolidated Financial Statements for additional information.