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v3.22.4

Income Taxes (Components Of Deferred Tax Assets and Liabilities) (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Deferred tax liabilities: |  |
Unearned premium revenue | $ 36 | $ 40
Deferred acquisition costs | 4 | 5
Net gains on financial instruments at fair value and foreign exchange | 121 | 0
Net unrealized gains and losses in accumulated other comprehensive income | 0 | 21
Net deferred taxes on VIEs | 27 | 34
Total gross deferred tax liabilities | 188 | 100
Deferred tax assets: |  |
Compensation and employee benefits | 8 | 8
Accrued interest | 259 | 233
Loss and loss adjustment expense reserves | 148 | 45
Net operating loss | 814 | 777
Foreign tax credits | 57 | 58
Other-than-temporary impairments and capital loss carryforward | 16 | 9
Net gains and losses on financial instruments at fair value and foreign exchange | 0 | 28
Net unrealized gains and losses in accumulated other comprehensive income | 72 | 0
Other | 13 | 4
Total gross deferred tax assets | 1,387 | 1,162
Valuation allowance | 1,199 | 1,062
Net deferred tax asset | $ 0 | $ 0

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