XML 59 R47.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Investments - Available for sale fixed maturities (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | --- | --- | --- | --- | ---
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | $ 10,573 |  | $ 10,752 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 10 | $ 11 | 12 | $ 16 | $ 16 | $ 11
Available for sale (AFS) fixed maturities | 10,196 |  | 10,377 |  |  |
Total fixed maturities |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 10,573 |  | 10,752 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 10 |  | 12 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 86 |  | 107 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (453) |  | (470) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (367) |  | (363) |  |  |
Available for sale (AFS) fixed maturities | 10,196 |  | 10,377 |  |  |
U.S. government and government agencies |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 182 |  | 243 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 0 |  | 0 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 0 |  | 1 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (6) |  | (8) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (6) |  | (7) |  |  |
Available for sale (AFS) fixed maturities | 176 |  | 236 |  |  |
States, municipalities and political subdivisions |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 917 |  | 1,014 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 0 |  | 0 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 4 |  | 8 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (53) |  | (38) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (49) |  | (30) |  |  |
Available for sale (AFS) fixed maturities | 868 |  | 984 |  |  |
Foreign government |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 234 |  | 236 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 0 |  | 0 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 1 |  | 1 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (4) |  | (7) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (3) |  | (6) |  |  |
Available for sale (AFS) fixed maturities | 231 |  | 230 |  |  |
Residential MBS |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 1,805 |  | 1,788 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 1 |  | 1 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 22 |  | 26 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (163) |  | (155) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (141) |  | (129) |  |  |
Available for sale (AFS) fixed maturities | 1,663 |  | 1,658 |  |  |
Commercial MBS |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 70 |  | 75 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 0 |  | 0 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 0 |  | 0 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | 0 |  | (1) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | 0 |  | (1) |  |  |
Available for sale (AFS) fixed maturities | 70 |  | 74 |  |  |
Collateralized loan obligations |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 1,467 |  | 1,709 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 3 |  | 3 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 14 |  | 9 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (19) |  | (28) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (5) |  | (19) |  |  |
Available for sale (AFS) fixed maturities | 1,459 |  | 1,687 |  |  |
Other asset-backed securities |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 2,450 |  | 2,477 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 6 |  | 5 |  |  |
Fixed maturities, available for sale, gross unrealized, gains | 14 |  | 10 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (95) |  | (120) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (81) |  | (110) |  |  |
Available for sale (AFS) fixed maturities | 2,363 |  | 2,362 |  |  |
Corporate and other |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |
Fixed maturities, available for sale, amortized cost | 3,448 |  | 3,210 |  |  |
Fixed maturities, available for sale, allowance for expected credit losses | 0 | $ 0 | 3 | $ 5 | $ 5 | $ 1
Fixed maturities, available for sale, gross unrealized, gains | 31 |  | 52 |  |  |
Fixed maturities, available for sale, gross unrealized, losses | (113) |  | (113) |  |  |
Fixed maturities, available-for-sale securities, accumulated gross unrealized gain (loss), before tax | (82) |  | (61) |  |  |
Available for sale (AFS) fixed maturities | $ 3,366 |  | $ 3,146 |  |  |

X
- Definition Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481830/320-10-45-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, before tax, of unrealized gain (loss) in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479130/326-30-45-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-9 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-9 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_FixedMaturitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedLoanObligationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |