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Fair Value of Financial Instruments - Schedule of Fair Value Hierarchy Measurements of Financial Instruments (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Financial assets            
Equity securities: $ 1,522   $ 1,404      
Short-term investments 3,674   2,397      
Derivative assets 1,900   227      
Other assets – market risk benefit assets 758   34      
Separate account assets 1,302   1,189      
Financial liabilities            
Market risk benefits 3,725   34      
Other liabilities – derivative liabilities 38   0      
Separate account liabilities 1,302 $ 1,266 1,189 $ 1,090 $ 1,145 $ 1,045
Separate accounts not subject to fair value hierarchy 22   26      
Total Fair Value            
Financial assets            
Available-for-sale fixed maturity securities: 45,683   12,877      
Equity securities: 1,522   1,404      
Real estate at fair value 1,282   0      
Real estate partnerships at fair value 1,014   0      
Investment funds 115   0      
Short-term investments 3,675   2,397      
Derivative assets 1,886   227      
Collaterals received on derivatives (excluding excess collateral) (1,825)   (226)      
Separately managed accounts 98   105      
Other 556   0      
Cash and cash equivalents 13,873   3,192      
Other assets – market risk benefit assets 758   34      
Separate account assets 1,280   1,163      
Total financial assets 69,917   21,173      
Financial liabilities            
Policyholders’ account balances – embedded derivative 1,771   873      
Market risk benefits 3,725   34      
Funds withheld for reinsurance liabilities – embedded derivatives 278   0      
Other liabilities – derivative liabilities 26   0      
Separate account liabilities 1,280   1,163      
Total financial liabilities 7,080   2,070      
Total Fair Value | U.S. treasury and government            
Financial assets            
Available-for-sale fixed maturity securities: 78   62      
Total Fair Value | U.S. states and political subdivisions            
Financial assets            
Available-for-sale fixed maturity securities: 3,383   578      
Total Fair Value | Foreign governments            
Financial assets            
Available-for-sale fixed maturity securities: 429   9      
Total Fair Value | Corporate debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 31,473   10,784      
Total Fair Value | Residential mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 1,120   127      
Total Fair Value | Commercial mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 2,792   0      
Total Fair Value | Collateralized debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 6,408   1,317      
Total Fair Value | Common stock            
Financial assets            
Equity securities: 1,246   1,307      
Total Fair Value | Preferred stock            
Financial assets            
Equity securities: 272   97      
Total Fair Value | Private equity and other            
Financial assets            
Equity securities: 4   0      
Level 1            
Financial assets            
Available-for-sale fixed maturity securities: 77   62      
Equity securities: 580   336      
Real estate at fair value 0   0      
Real estate partnerships at fair value 0   0      
Investment funds 0   0      
Short-term investments 2,306   1,100      
Derivative assets 0   0      
Collaterals received on derivatives (excluding excess collateral) (1,825)   0      
Separately managed accounts 0   0      
Other 0   0      
Cash and cash equivalents 13,873   3,192      
Other assets – market risk benefit assets 0   0      
Separate account assets 201   406      
Total financial assets 15,212   5,096      
Financial liabilities            
Policyholders’ account balances – embedded derivative 0   0      
Market risk benefits 0   0      
Funds withheld for reinsurance liabilities – embedded derivatives 0   0      
Other liabilities – derivative liabilities 0   0      
Separate account liabilities 201   406      
Total financial liabilities 201   406      
Level 1 | U.S. treasury and government            
Financial assets            
Available-for-sale fixed maturity securities: 77   62      
Level 1 | U.S. states and political subdivisions            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 1 | Foreign governments            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 1 | Corporate debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 1 | Residential mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 1 | Commercial mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 1 | Collateralized debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 1 | Common stock            
Financial assets            
Equity securities: 554   314      
Level 1 | Preferred stock            
Financial assets            
Equity securities: 26   22      
Level 1 | Private equity and other            
Financial assets            
Equity securities: 0   0      
Level 2            
Financial assets            
Available-for-sale fixed maturity securities: 39,265   9,700      
Equity securities: 176   0      
Real estate at fair value 0   0      
Real estate partnerships at fair value 0   0      
Investment funds 0   0      
Short-term investments 566   0      
Derivative assets 1,621   0      
Collaterals received on derivatives (excluding excess collateral) 0   0      
Separately managed accounts 0   0      
Other 0   0      
Cash and cash equivalents 0   0      
Other assets – market risk benefit assets 0   0      
Separate account assets 1,079   757      
Total financial assets 42,707   10,457      
Financial liabilities            
Policyholders’ account balances – embedded derivative 0   0      
Market risk benefits 0   0      
Funds withheld for reinsurance liabilities – embedded derivatives 0   0      
Other liabilities – derivative liabilities 26   0      
Separate account liabilities 1,079   757      
Total financial liabilities 1,105   757      
Level 2 | U.S. treasury and government            
Financial assets            
Available-for-sale fixed maturity securities: 1   0      
Level 2 | U.S. states and political subdivisions            
Financial assets            
Available-for-sale fixed maturity securities: 3,323   578      
Level 2 | Foreign governments            
Financial assets            
Available-for-sale fixed maturity securities: 429   9      
Level 2 | Corporate debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 28,292   8,570      
Level 2 | Residential mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 1,096   127      
Level 2 | Commercial mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 2,773   0      
Level 2 | Collateralized debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 3,351   416      
Level 2 | Common stock            
Financial assets            
Equity securities: 2   0      
Level 2 | Preferred stock            
Financial assets            
Equity securities: 174   0      
Level 2 | Private equity and other            
Financial assets            
Equity securities: 0   0      
Level 3            
Financial assets            
Available-for-sale fixed maturity securities: 6,341   3,115      
Equity securities: 766   1,068      
Real estate at fair value 1,282   0      
Real estate partnerships at fair value 1,014   0      
Investment funds 115   0      
Short-term investments 803   1,297      
Derivative assets 265   227      
Collaterals received on derivatives (excluding excess collateral) 0   (226)      
Separately managed accounts 98   105      
Other 556   0      
Cash and cash equivalents 0   0      
Other assets – market risk benefit assets 758   34      
Separate account assets 0   0      
Total financial assets 11,998   5,620      
Financial liabilities            
Policyholders’ account balances – embedded derivative 1,771   873      
Market risk benefits 3,725   34      
Funds withheld for reinsurance liabilities – embedded derivatives 278   0      
Other liabilities – derivative liabilities 0   0      
Separate account liabilities 0   0      
Total financial liabilities 5,774   907      
Level 3 | U.S. treasury and government            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 3 | U.S. states and political subdivisions            
Financial assets            
Available-for-sale fixed maturity securities: 60   0      
Level 3 | Foreign governments            
Financial assets            
Available-for-sale fixed maturity securities: 0   0      
Level 3 | Corporate debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 3,181   2,214      
Level 3 | Residential mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 24   0      
Level 3 | Commercial mortgage-backed securities            
Financial assets            
Available-for-sale fixed maturity securities: 19   0      
Level 3 | Collateralized debt securities            
Financial assets            
Available-for-sale fixed maturity securities: 3,057   901      
Level 3 | Common stock            
Financial assets            
Equity securities: 690   993      
Level 3 | Preferred stock            
Financial assets            
Equity securities: 72   75      
Level 3 | Private equity and other            
Financial assets            
Equity securities: 4   $ 0      
Fair Value Measured at Net Asset Value Per Share            
Financial assets            
Investment funds $ 397