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v3.23.2

Investments (Tables) | 6 Months Ended
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Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items] |
Reconciliation Of Available-For-Sale Securities From Cost Basis To Fair Value |
| As of June 30, 2023 |
|  |  |  |  |  |  |  |  |  | Allowance |  |  |  |
| Amortized |  | Gross Unrealized |  | for Credit |  | Fair |
| Cost |  | Gains |  | Losses |  | Losses |  | Value |
Fixed maturity AFS securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 88,334 |  | $ | 874 |  | $ | 9,888 |  | $ | 13 |  | $ | 79,307 |
U.S. government bonds |  | 396 |  |  | 5 |  |  | 30 |  |  | - |  |  | 371 |
State and municipal bonds |  | 5,268 |  |  | 218 |  |  | 412 |  |  | - |  |  | 5,074 |
Foreign government bonds |  | 312 |  |  | 15 |  |  | 46 |  |  | - |  |  | 281 |
RMBS |  | 2,205 |  |  | 22 |  |  | 206 |  |  | 6 |  |  | 2,015 |
CMBS |  | 1,915 |  |  | 1 |  |  | 232 |  |  | - |  |  | 1,684 |
ABS |  | 12,562 |  |  | 40 |  |  | 804 |  |  | 5 |  |  | 11,793 |
Hybrid and redeemable preferred securities |  | 362 |  |  | 26 |  |  | 22 |  |  | 1 |  |  | 365 |
Total fixed maturity AFS securities | $ | 111,354 |  | $ | 1,201 |  | $ | 11,640 |  | $ | 25 |  | $ | 100,890 |
| As of December 31, 2022 |
|  |  |  |  |  |  |  |  |  | Allowance |  |  |  |
| Amortized |  | Gross Unrealized |  | for Credit |  | Fair |
| Cost |  | Gains |  | Losses |  | Losses |  | Value |
Fixed maturity AFS securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 89,249 |  | $ | 787 |  | $ | 11,004 |  | $ | 9 |  | $ | 79,023 |
U.S. government bonds |  | 405 |  |  | 5 |  |  | 31 |  |  | - |  |  | 379 |
State and municipal bonds |  | 5,410 |  |  | 172 |  |  | 512 |  |  | - |  |  | 5,070 |
Foreign government bonds |  | 348 |  |  | 17 |  |  | 47 |  |  | - |  |  | 318 |
RMBS |  | 2,216 |  |  | 22 |  |  | 222 |  |  | 7 |  |  | 2,009 |
CMBS |  | 1,917 |  |  | 3 |  |  | 246 |  |  | - |  |  | 1,674 |
ABS |  | 11,797 |  |  | 38 |  |  | 926 |  |  | 5 |  |  | 10,904 |
Hybrid and redeemable preferred securities |  | 365 |  |  | 25 |  |  | 30 |  |  | 1 |  |  | 359 |
Total fixed maturity AFS securities | $ | 111,707 |  | $ | 1,069 |  | $ | 13,018 |  | $ | 22 |  | $ | 99,736 |
Available-For-Sale Securities By Contractual Maturities |
| Amortized |  | Fair |
| Cost |  | Value |
Due in one year or less | $ | 3,546 |  | $ | 3,502 |
Due after one year through five years |  | 18,491 |  |  | 17,580 |
Due after five years through ten years |  | 17,189 |  |  | 15,601 |
Due after ten years |  | 55,446 |  |  | 48,715 |
Subtotal |  | 94,672 |  |  | 85,398 |
Structured securities (RMBS, CMBS, ABS) |  | 16,682 |  |  | 15,492 |
Total fixed maturity AFS securities | $ | 111,354 |  | $ | 100,890 |
Fair Value And Gross Unrealized Losses In A Continuous Unrealized Loss Position |
| As of June 30, 2023 |
| Less Than or Equal |  | Greater Than |  |  |  |  |  |  |  |
| to Twelve Months |  | Twelve Months |  | Total |
|  |  | Gross |  |  | Gross |  |  |  | Gross
| Fair | Unrealized | Fair | Unrealized | Fair |  | Unrealized
| Value |  | Losses |  | Value |  | Losses |  | Value |  |  | Losses (1) |
Fixed maturity AFS securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 22,081 |  | $ | 1,288 |  | $ | 44,158 |  | $ | 8,600 |  | $ | 66,239 |  |  | $ | 9,888 |
U.S. government bonds |  | 115 |  |  | 9 |  |  | 142 |  |  | 21 |  |  | 257 |  |  |  | 30 |
State and municipal bonds |  | 576 |  |  | 25 |  |  | 1,560 |  |  | 387 |  |  | 2,136 |  |  |  | 412 |
Foreign government bonds |  | 72 |  |  | 4 |  |  | 118 |  |  | 42 |  |  | 190 |  |  |  | 46 |
RMBS |  | 770 |  |  | 41 |  |  | 955 |  |  | 165 |  |  | 1,725 |  |  |  | 206 |
CMBS |  | 408 |  |  | 18 |  |  | 1,222 |  |  | 214 |  |  | 1,630 |  |  |  | 232 |
ABS |  | 3,183 |  |  | 115 |  |  | 7,449 |  |  | 689 |  |  | 10,632 |  |  |  | 804 |
Hybrid and redeemable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
preferred securities |  | 57 |  |  | 5 |  |  | 124 |  |  | 17 |  |  | 181 |  |  |  | 22 |
Total fixed maturity AFS securities | $ | 27,262 |  | $ | 1,505 |  | $ | 55,728 |  | $ | 10,135 |  | $ | 82,990 |  |  | $ | 11,640 |
Total number of fixed maturity AFS securities in an unrealized loss position |  |  |  | 8,331 |
| As of December 31, 2022 |
| Less Than or Equal |  | Greater Than |  |  |  |  |  |  |  |
| to Twelve Months |  | Twelve Months |  | Total |
|  |  | Gross |  |  |  | Gross |  |  |  |  |  | Gross |
| Fair | Unrealized | Fair | Unrealized | Fair |  | Unrealized
| Value |  | Losses |  | Value |  | Losses |  | Value |  |  | Losses (1) |
Fixed maturity AFS securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 59,929 |  | $ | 9,049 |  | $ | 7,094 |  | $ | 1,955 |  | $ | 67,023 |  |  | $ | 11,004 |
U.S. government bonds |  | 261 |  |  | 25 |  |  | 27 |  |  | 6 |  |  | 288 |  |  |  | 31 |
State and municipal bonds |  | 1,958 |  |  | 440 |  |  | 237 |  |  | 72 |  |  | 2,195 |  |  |  | 512 |
Foreign government bonds |  | 130 |  |  | 19 |  |  | 58 |  |  | 28 |  |  | 188 |  |  |  | 47 |
RMBS |  | 1,490 |  |  | 179 |  |  | 193 |  |  | 43 |  |  | 1,683 |  |  |  | 222 |
CMBS |  | 1,224 |  |  | 156 |  |  | 320 |  |  | 90 |  |  | 1,544 |  |  |  | 246 |
ABS |  | 6,715 |  |  | 552 |  |  | 3,326 |  |  | 374 |  |  | 10,041 |  |  |  | 926 |
Hybrid and redeemable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
preferred securities |  | 63 |  |  | 5 |  |  | 97 |  |  | 25 |  |  | 160 |  |  |  | 30 |
Total fixed maturity AFS securities | $ | 71,770 |  | $ | 10,425 |  | $ | 11,352 |  | $ | 2,593 |  | $ | 83,122 |  |  | $ | 13,018 |
Total number of fixed maturity AFS securities in an unrealized loss position |  |  |  | 8,175 |
(1)As of June 30, 2023, and December 31, 2022, we recognized $10 million and $6 million of gross unrealized losses, respectively, in OCI for fixed maturity AFS securities for which an allowance for credit losses has been recorded.
Schedule Of Available-For-Sale Securities Whose Value Is Below Amortized Cost |
| As of June 30, 2023 |
|  |  |  | Gross |  |  | Number |
| Fair |  | Unrealized |  |  | of |
| Value |  | Losses |  | Securities (1)
Less than six months | $ | 4,669 |  | $ | 1,324 |  |  |  | 674 |
Six months or greater, but less than nine months |  | 208 |  |  | 85 |  |  |  | 34 |
Nine months or greater, but less than twelve months |  | 4,214 |  |  | 1,588 |  |  |  | 697 |
Twelve months or greater |  | 4,687 |  |  | 2,355 |  |  |  | 666 |
Total | $ | 13,778 |  | $ | 5,352 |  |  |  | 2,071 |
| As of December 31, 2022 |
|  |  | Gross |  |  | Number |
| Fair |  | Unrealized |  |  | of |
| Value |  | Losses |  | Securities (1)
Less than six months | $ | 11,351 |  | $ | 3,659 |  |  |  | 1,500 |
Six months or greater, but less than nine months |  | 4,411 |  |  | 2,226 |  |  |  | 650 |
Nine months or greater, but less than twelve months |  | 447 |  |  | 302 |  |  |  | 74 |
Twelve months or greater |  | 2 |  |  | 1 |  |  |  | 15 |
Total | $ | 16,211 |  | $ | 6,188 |  |  |  | 2,239 |
(1)We may reflect a security in more than one aging category based on various purchase dates.
Changes In Allowance For Credit Losses On AFS |
| For the Three |
| Months Ended |
| June 30, 2023 |
| Corporate |  |  |  |  |  |  |  |  |  |
| Bonds |  | RMBS |  | Other |  | Total |
Balance as of beginning-of-period | $ | 27 |  | $ | 6 |  | $ | 6 |  | $ | 39 |
Additions from purchases of PCD debt securities (1) |  | - |  |  | - |  |  | - |  |  | - |
Additions for securities for which credit losses were not |  |  |  |  |  |  |  |  |  |  |  |
previously recognized |  | 2 |  |  | - |  |  | - |  |  | 2 |
Additions (reductions) for securities for which credit losses |  |  |  |  |  |  |  |  |  |  |  |
were previously recognized |  | (3 | ) |  | - |  |  | - |  |  | (3 | )
Reductions for securities charged-off |  | (13 | ) |  | - |  |  | - |  |  | (13 | )
Balance as of end-of-period (2) | $ | 13 |  | $ | 6 |  | $ | 6 |  | $ | 25 |
| For the Six |
| Months Ended |
| June 30, 2023 |
| Corporate |  |  |  |  |  |  |  |  |  |
| Bonds |  | RMBS |  | Other |  | Total |
Balance as of beginning-of-year | $ | 9 |  | $ | 7 |  | $ | 6 |  | $ | 22 |
Additions from purchases of PCD debt securities (1) |  | - |  |  | - |  |  | - |  |  | - |
Additions for securities for which credit losses were not |  |  |  |  |  |  |  |  |  |  |  |
previously recognized |  | 21 |  |  | - |  |  | - |  |  | 21 |
Additions (reductions) for securities for which credit losses |  |  |  |  |  |  |  |  |  |  |  |
were previously recognized |  | (3 | ) |  | (1 | ) |  | - |  |  | (4 | )
Reductions for securities disposed |  | (1 | ) |  | - |  |  | - |  |  | (1 | )
Reductions for securities charged-off |  | (13 | ) |  | - |  |  | - |  |  | (13 | )
Balance as of end-of-period (2) | $ | 13 |  | $ | 6 |  | $ | 6 |  | $ | 25 |
| For the Three |
| Months Ended |
| June 30, 2022 |
| Corporate |  |  |  |  |  |  |  |  |  |
| Bonds |  | RMBS |  | Other |  | Total |
Balance as of beginning-of-period | $ | 16 |  | $ | 2 |  | $ | 2 |  | $ | 20 |
Additions from purchases of PCD debt securities (1) |  | - |  |  | - |  |  | - |  |  | - |
Additions for securities for which credit losses were not |  |  |  |  |  |  |  |  |  |  |  |
previously recognized |  | 1 |  |  | - |  |  | - |  |  | 1 |
Additions (reductions) for securities for which credit losses |  |  |  |  |  |  |  |  |  |  |  |
were previously recognized |  | 2 |  |  | 1 |  |  | - |  |  | 3 |
Reductions for securities charged-off |  | (12 | ) |  | - |  |  | - |  |  | (12 | )
Balance as of end-of-period (2) | $ | 7 |  | $ | 3 |  | $ | 2 |  | $ | 12 |
‎
| For the Six |
| Months Ended |
| June 30, 2022 |
| Corporate |  |  |  |  |  |  |  |  |  |
| Bonds |  | RMBS |  | Other |  | Total |
Balance as of beginning-of-year | $ | 17 |  | $ | 1 |  | $ | 1 |  | $ | 19 |
Additions from purchases of PCD debt securities (1) |  | - |  |  | - |  |  | - |  |  | - |
Additions for securities for which credit losses were not |  |  |  |  |  |  |  |  |  |  |  |
previously recognized |  | 1 |  |  | - |  |  | 1 |  |  | 2 |
Additions (reductions) for securities for which credit losses |  |  |  |  |  |  |  |  |  |  |  |
were previously recognized |  | 2 |  |  | 2 |  |  | - |  |  | 4 |
Reductions for securities disposed |  | (1 | ) |  | - |  |  | - |  |  | (1 | )
Reductions for securities charged-off |  | (12 | ) |  | - |  |  | - |  |  | (12 | )
Balance as of end-of-period (2) | $ | 7 |  | $ | 3 |  | $ | 2 |  | $ | 12 |
(1)Represents purchased credit-deteriorated (“PCD”) fixed maturity AFS securities. (2)As of June 30, 2023 and 2022, accrued investment income on fixed maturity AFS securities totaled $1.1 billion and $1.0 billion, respectively, and was excluded from the estimate of credit losses.
Composition Of Current And Past Due Mortgage Loans On Real Estate |
| As of June 30, 2023 |  | As of December 31, 2022 |
| Commercial |  | Residential |  | Total |  | Commercial |  | Residential |  | Total |
Current | $ | 17,021 |  | $ | 1,471 |  | $ | 18,492 |  | $ | 17,003 |  | $ | 1,315 |  | $ | 18,318 |
30 to 59 days past due |  | - |  |  | 20 |  |  | 20 |  |  | 19 |  |  | 23 |  |  | 42 |
60 to 89 days past due |  | - |  |  | 4 |  |  | 4 |  |  | - |  |  | 6 |  |  | 6 |
90 or more days past due |  | - |  |  | 45 |  |  | 45 |  |  | - |  |  | 33 |  |  | 33 |
Allowance for credit losses |  | (82 | ) |  | (23 | ) |  | (105 | ) |  | (84 | ) |  | (15 | ) |  | (99 | )
Unamortized premium (discount) |  | (7 | ) |  | 39 |  |  | 32 |  |  | (8 | ) |  | 36 |  |  | 28 |
Mark-to-market gains (losses) (1) |  | (27 | ) |  | (1 | ) |  | (28 | ) |  | (27 | ) |  | - |  |  | (27 | )
Total carrying value | $ | 16,905 |  | $ | 1,555 |  | $ | 18,460 |  | $ | 16,903 |  | $ | 1,398 |  | $ | 18,301 |
(1)Represents the mark-to-market on certain mortgage loans on real estate for which we have elected the fair value option. See Note 13 for additional information.
Schedule Of Average Carrying Value Of Impaired Mortgage Loans On Real Estate |
| For the Three |  | For the Six |
| Months Ended |  | Months Ended |
| June 30, |  | June 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |
Average aggregate carrying value for impaired mortgage loans on real estate | $ | 24 |  | $ | 15 |  | $ | 21 |  | $ | 18 |
Interest income recognized on impaired mortgage loans on real estate |  | - |  |  | - |  |  | - |  |  | - |
Interest income collected on impaired mortgage loans on real estate |  | - |  |  | - |  |  | - |  |  | - |
Amortized Cost Of Mortgage Loans On Real Estate On Nonaccrual Status |
| As of June 30, 2023 |  | As of December 31, 2022 |
| Nonaccrual |  |  |  |  | Nonaccrual |  |  |  |
| with no |  |  |  |  | with no |  |  |  |
| Allowance |  |  |  |  | Allowance |  |  |  |
| for Credit |  |  |  |  | for Credit |  |  |  |
| Losses |  | Nonaccrual |  | Losses |  | Nonaccrual |
Commercial mortgage loans on real estate | $ | - |  | $ | - |  | $ | - |  | $ | - |
Residential mortgage loans on real estate |  | - |  |  | 47 |  |  | - |  |  | 34 |
Total | $ | - |  | $ | 47 |  | $ | - |  | $ | 34 |
Changes In Allowance For Credit Losses On Mortgage Loans On Real Estate |
| For the Three |
| Months Ended |
| June 30, 2023 |
| Commercial |  | Residential |  | Total |
Balance as of beginning-of-period | $ | 83 |  | $ | 20 |  | $ | 103 |
Additions (reductions) from provision for credit loss expense (1) |  | (1 | ) |  | 3 |  |  | 2 |
Additions from purchases of PCD mortgage loans on real estate |  | - |  |  | - |  |  | - |
Balance as of end-of-period (2) | $ | 82 |  | $ | 23 |  | $ | 105 |
| For the Six |
| Months Ended |
| June 30, 2023 |
| Commercial |  | Residential |  | Total |
Balance as of beginning-of-year | $ | 84 |  | $ | 15 |  | $ | 99 |
Additions (reductions) from provision for credit loss expense (1) |  | (2 | ) |  | 8 |  |  | 6 |
Additions from purchases of PCD mortgage loans on real estate |  | - |  |  | - |  |  | - |
Balance as of end-of-period (2) | $ | 82 |  | $ | 23 |  | $ | 105 |
| For the Three |
| Months Ended |
| June 30, 2022 |
| Commercial |  | Residential |  | Total |
Balance as of beginning-of-period | $ | 59 |  | $ | 18 |  | $ | 77 |
Additions (reductions) from provision for credit loss expense (1) |  | 13 |  |  | (9 | ) |  | 4 |
Additions from purchases of PCD mortgage loans on real estate |  | - |  |  | - |  |  | - |
Balance as of end-of-period (2) | $ | 72 |  | $ | 9 |  | $ | 81 |
| For the Six |
| Months Ended |
| June 30, 2022 |
| Commercial |  | Residential |  | Total |
Balance as of beginning-of-year | $ | 79 |  | $ | 17 |  | $ | 96 |
Additions (reductions) from provision for credit loss expense (1) |  | (7 | ) |  | (8 | ) |  | (15 | )
Additions from purchases of PCD mortgage loans on real estate |  | - |  |  | - |  |  | - |
Balance as of end-of-period (2) | $ | 72 |  | $ | 9 |  | $ | 81 |
(1)We recognized $(1) million and less than $(1) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the three months ended June 30, 2023 and 2022, respectively. We recognized $(1) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the six months ended June 30, 2023 and 2022. (2)Accrued investment income on mortgage loans on real estate totaled $53 million and $49 million as of June 30, 2023 and 2022, respectively, and was excluded from the estimate of credit losses.
Credit Loss Expense Incurred |
| For the Three |  | For the Six |
| Months Ended |  | Months Ended |
| June 30, |  | June 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |
Intent to Sell Impairments (1) |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity AFS securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | (518 | ) | $ | - |  | $ | (518 | ) | $ | - |
State and municipal bonds |  | (20 | ) |  | - |  |  | (20 | ) |  | - |
RMBS |  | (19 | ) |  | - |  |  | (19 | ) |  | - |
CMBS |  | (31 | ) |  | - |  |  | (31 | ) |  | - |
ABS |  | (35 | ) |  | - |  |  | (35 | ) |  | - |
Hybrid and redeemable preferred securities |  | (1 | ) |  | - |  |  | (1 | ) |  | - |
Total intent to sell impairments | $ | (624 | ) | $ | - |  | $ | (624 | ) | $ | - |
Credit Loss Benefit (Expense) |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity AFS securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 1 |  | $ | (3 | ) | $ | (17 | ) | $ | (2 | )
RMBS |  | - |  |  | (1 | ) |  | 1 |  |  | (2 | )
ABS |  | - |  |  | - |  |  | - |  |  | (1 | )
Total credit loss benefit (expense) | $ | 1 |  | $ | (4 | ) | $ | (16 | ) | $ | (5 | )
(1)Represents impairment of certain fixed maturity AFS securities in an unrealized loss position, resulting from the Company's intent to sell these securities as part of the previously announced Fortitude Re reinsurance transaction. Within the investment portfolio anticipated to be sold in the transaction, there are additional fixed maturity AFS securities in an unrealized gain position of approximately $473 million pre-tax as of June 30, 2023. Pursuant to the applicable accounting guidance, the Company impaired the securities in a loss position down to fair market value upon entry into the agreement in the second quarter and will recognize a gain for any securities in an unrealized gain position at the time when the transaction closes. See Note 8 for additional information.
Payables For Collateral On Investments |
| As of June 30, 2023 |  | As of December 31, 2022 |
| Carrying |  | Fair |  | Carrying |  | Fair |
| Value |  | Value |  | Value |  | Value |
Collateral payable for derivative investments (1) | $ | 4,622 |  | $ | 4,622 |  | $ | 3,284 |  | $ | 3,284 |
Securities pledged under securities lending agreements (2) |  | 290 |  |  | 282 |  |  | 298 |  |  | 287 |
Investments pledged for FHLBI (3) |  | 2,150 |  |  | 2,725 |  |  | 3,130 |  |  | 3,925 |
Total payables for collateral on investments | $ | 7,062 |  | $ | 7,629 |  | $ | 6,712 |  | $ | 7,496 |
(1)We obtain collateral based upon contractual provisions with our counterparties. These agreements take into consideration the counterparties’ credit rating as compared to ours, the fair value of the derivative investments and specified thresholds that if exceeded result in the receipt of cash that is typically invested in cash and invested cash. This also includes interest payable on collateral. See Note 6 for additional information. (2)Our pledged securities under securities lending agreements are included in fixed maturity AFS securities on the Consolidated Balance Sheets. We generally obtain collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. We value collateral daily and obtain additional collateral when deemed appropriate. The cash received in our securities lending program is typically invested in cash and invested cash or fixed maturity AFS securities. (3)Our pledged investments for FHLB of Indianapolis (“FHLBI”) are included in fixed maturity AFS securities and mortgage loans on real estate on the Consolidated Balance Sheets. The collateral requirements are generally 105% to 115% of the fair value for fixed maturity AFS securities and 155% to 175% of the fair value for mortgage loans on real estate. The cash received in these transactions is primarily invested in cash and invested cash or fixed maturity AFS securities.
Schedule Of Increase (Decrease) In Payables For Collateral On Investments |
| For the Six |
| Months Ended |
| June 30, |
| 2023 |  | 2022 |
Collateral payable for derivative investments | $ | 1,338 |  | $ | (2,280 | )
Securities pledged under securities lending agreements |  | (8 | ) |  | 58 |
Investments pledged for FHLBI |  | (980 | ) |  | 800 |
Total increase (decrease) in payables for collateral on investments | $ | 350 |  | $ | (1,422 | )
Schedule Of Securities Pledged By Contractual Maturity |
| As of June 30, 2023 |
| Overnight and Continuous |  | Up to 30 Days |  | 30 - 90 ‎Days |  | Greater Than 90 Days |  | Total |
Securities Lending |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 285 |  | $ | - |  | $ | - |  | $ | - |  | $ | 285 |
Equity securities |  | 5 |  |  | - |  |  | - |  |  | - |  |  | 5 |
Total gross secured borrowings | $ | 290 |  | $ | - |  | $ | - |  | $ | - |  | $ | 290 |
| As of December 31, 2022 |
| Overnight and Continuous |  | Up to 30 Days |  | 30 - 90 ‎Days |  | Greater Than 90 Days |  | Total |
Securities Lending |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 288 |  | $ | - |  | $ | - |  | $ | - |  | $ | 288 |
Foreign government bonds |  | 2 |  |  | - |  |  | - |  |  | - |  |  | 2 |
Equity securities |  | 8 |  |  | - |  |  | - |  |  | - |  |  | 8 |
Total gross secured borrowings | $ | 298 |  | $ | - |  | $ | - |  | $ | - |  | $ | 298 |
Commercial [Member] |
Financing Receivable, Credit Quality Indicator [Line Items] |
Credit Quality Indicators For Mortgage Loans |
| As of June 30, 2023 |
|  |  |  | Debt- |  |  |  |  | Debt- |  |  |  |  | Debt- |  |  |  |
|  |  |  | Service |  |  |  |  | Service |  |  |  |  | Service |  |  |  |
| Less |  | Coverage |  | 65% |  | Coverage |  | Greater |  | Coverage |  |  |
| than 65% |  | Ratio |  | to 75% |  | Ratio |  | than 75% |  | Ratio |  | Total |
Origination Year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 427 |  | 1.80 |  | $ | 32 |  | 1.45 |  | $ | - |  | - |  | $ | 459 |
2022 |  | 1,770 |  | 2.07 |  |  | 91 |  | 2.05 |  |  | 1 |  | 1.13 |  |  | 1,862 |
2021 |  | 2,344 |  | 3.06 |  |  | 67 |  | 1.51 |  |  | - |  | - |  |  | 2,411 |
2020 |  | 1,252 |  | 2.90 |  |  | 12 |  | 1.55 |  |  | - |  | - |  |  | 1,264 |
2019 |  | 2,593 |  | 2.23 |  |  | 87 |  | 1.50 |  |  | 18 |  | 1.43 |  |  | 2,698 |
2018 and prior |  | 7,910 |  | 2.39 |  |  | 248 |  | 1.67 |  |  | 162 |  | 1.57 |  |  | 8,320 |
Total | $ | 16,296 |  |  |  | $ | 537 |  |  |  | $ | 181 |  |  |  | $ | 17,014 |
| As of December 31, 2022 |
|  |  |  | Debt- |  |  |  |  | Debt- |  |  |  |  | Debt- |  |  |  |
|  |  |  | Service |  |  |  |  | Service |  |  |  |  | Service |  |  |  |
| Less |  | Coverage |  | 65% |  | Coverage |  | Greater |  | Coverage |  |  |
| than 65% |  | Ratio |  | to 75% |  | Ratio |  | than 75% |  | Ratio |  | Total |
Origination Year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2022 | $ | 1,769 |  | 2.06 |  | $ | 105 |  | 1.50 |  | $ | 2 |  | 1.45 |  | $ | 1,876 |
2021 |  | 2,354 |  | 3.05 |  |  | 72 |  | 1.53 |  |  | - |  | - |  |  | 2,426 |
2020 |  | 1,289 |  | 3.00 |  |  | 17 |  | 1.58 |  |  | - |  | - |  |  | 1,306 |
2019 |  | 2,685 |  | 2.18 |  |  | 81 |  | 1.50 |  |  | 29 |  | 1.58 |  |  | 2,795 |
2018 |  | 2,225 |  | 2.17 |  |  | 71 |  | 1.62 |  |  | - |  | - |  |  | 2,296 |
2017 and prior |  | 6,184 |  | 2.44 |  |  | 131 |  | 1.75 |  |  | - |  | - |  |  | 6,315 |
Total | $ | 16,506 |  |  |  | $ | 477 |  |  |  | $ | 31 |  |  |  | $ | 17,014 |
Residential [Member] |
Financing Receivable, Credit Quality Indicator [Line Items] |
Credit Quality Indicators For Mortgage Loans |
| As of June 30, 2023 |
| Performing |  | Nonperforming |  | Total |
Origination Year |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 185 |  |  | $ | - |  |  | $ | 185 |
2022 |  | 602 |  |  |  | 14 |  |  |  | 616 |
2021 |  | 496 |  |  |  | 10 |  |  |  | 506 |
2020 |  | 87 |  |  |  | 1 |  |  |  | 88 |
2019 |  | 105 |  |  |  | 19 |  |  |  | 124 |
2018 and prior |  | 57 |  |  |  | 3 |  |  |  | 60 |
Total | $ | 1,532 |  |  | $ | 47 |  |  | $ | 1,579 |
| As of December 31, 2022 |
| Performing |  | Nonperforming |  | Total |
Origination Year |  |  |  |  |  |  |  |  |  |  |
2022 | $ | 578 |  |  | $ | 5 |  |  | $ | 583 |
2021 |  | 527 |  |  |  | 6 |  |  |  | 533 |
2020 |  | 90 |  |  |  | 3 |  |  |  | 93 |
2019 |  | 119 |  |  |  | 18 |  |  |  | 137 |
2018 |  | 65 |  |  |  | 2 |  |  |  | 67 |
2017 and prior |  | - |  |  |  | - |  |  |  | - |
Total | $ | 1,379 |  |  | $ | 34 |  |  | $ | 1,413 |

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