XML 53 R41.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance $ 1,096 $ 1,230
Total realized/unrealized gains (losses) included in Net earnings (loss) (8) 18
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 6 0
Purchases and issuances 40 92
Sales and settlements (55) (13)
Transfer into Level 3 4 0
Transfer out of Level 3 (13) (30)
Financial assets, Ending Balance 1,070 1,297
Fixed maturities    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 768 736
Total realized/unrealized gains (losses) included in Net earnings (loss) (6) (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 6 0
Purchases and issuances 24 48
Sales and settlements (41) (11)
Transfer into Level 3 4 0
Transfer out of Level 3 (7) (30)
Financial assets, Ending Balance 748 742
U.S. government agency    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 0 0
Total realized/unrealized gains (losses) included in Net earnings (loss) 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases and issuances 0 0
Sales and settlements 0 0
Transfer into Level 3 0 0
Transfer out of Level 3 0 0
Financial assets, Ending Balance 0 0
State and municipal    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 1 2
Total realized/unrealized gains (losses) included in Net earnings (loss) 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases and issuances 0 0
Sales and settlements 0 0
Transfer into Level 3 3 0
Transfer out of Level 3 0 0
Financial assets, Ending Balance 4 2
Residential MBS    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 1 2
Total realized/unrealized gains (losses) included in Net earnings (loss) 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases and issuances 0 0
Sales and settlements 0 0
Transfer into Level 3 0 0
Transfer out of Level 3 0 0
Financial assets, Ending Balance 1 2
Commercial MBS    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 0 0
Total realized/unrealized gains (losses) included in Net earnings (loss) 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases and issuances 0 0
Sales and settlements 0 0
Transfer into Level 3 0 0
Transfer out of Level 3 0 0
Financial assets, Ending Balance 0 0
Collateralized loan obligations    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 0 1
Total realized/unrealized gains (losses) included in Net earnings (loss) 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases and issuances 0 0
Sales and settlements 0 0
Transfer into Level 3 0 0
Transfer out of Level 3 0 0
Financial assets, Ending Balance 0 1
Other asset-backed securities    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 296 351
Total realized/unrealized gains (losses) included in Net earnings (loss) 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 2 0
Purchases and issuances 10 15
Sales and settlements (27) (5)
Transfer into Level 3 0 0
Transfer out of Level 3 0 (26)
Financial assets, Ending Balance 281 335
Corporate and other    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 470 380
Total realized/unrealized gains (losses) included in Net earnings (loss) (6) (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 4 0
Purchases and issuances 14 33
Sales and settlements (14) (6)
Transfer into Level 3 1 0
Transfer out of Level 3 (7) (4)
Financial assets, Ending Balance 462 402
Trading fixed maturities    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 26  
Total realized/unrealized gains (losses) included in Net earnings (loss) 1  
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0  
Purchases and issuances 0  
Sales and settlements (14)  
Transfer into Level 3 0  
Transfer out of Level 3 0  
Financial assets, Ending Balance 13  
Equity securities    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 292 485
Total realized/unrealized gains (losses) included in Net earnings (loss) (2) 20
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases and issuances 13 42
Sales and settlements 0 (2)
Transfer into Level 3 0 0
Transfer out of Level 3 (6) 0
Financial assets, Ending Balance 297 545
Assets of MIE    
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Financial assets, Beginning Balance 10 9
Total realized/unrealized gains (losses) included in Net earnings (loss) (1) (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases and issuances 3 2
Sales and settlements 0 0
Transfer into Level 3 0 0
Transfer out of Level 3 0 0
Financial assets, Ending Balance $ 12 $ 10