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Investments in fixed maturity securities (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in securities with fixed maturities

Investments in fixed maturity securities as of December 31, 2022 and 2021 are summarized by type below (in millions).

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury, U.S. government corporations and agencies

$

10,039

 

 

$

12

 

 

$

(249

)

 

$

9,802

 

Foreign governments

 

10,454

 

 

 

50

 

 

 

(177

)

 

 

10,327

 

Corporate bonds

 

1,945

 

 

 

256

 

 

 

(6

)

 

 

2,195

 

Other

 

2,735

 

 

 

77

 

 

 

(8

)

 

 

2,804

 

 

$

25,173

 

 

$

395

 

 

$

(440

)

 

$

25,128

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury, U.S. government corporations and agencies

$

3,286

 

 

$

22

 

 

$

(5

)

 

$

3,303

 

Foreign governments

 

10,998

 

 

 

29

 

 

 

(33

)

 

 

10,994

 

Corporate bonds

 

1,363

 

 

 

412

 

 

 

(1

)

 

 

1,774

 

Other

 

317

 

 

 

47

 

 

 

(1

)

 

 

363

 

 

$

15,964

 

 

$

510

 

 

$

(40

)

 

$

16,434

 

Schedule of amortized cost and estimated fair value of securities with fixed maturities The amortized cost and estimated fair value of fixed maturity securities at December 31, 2022 are summarized below by contractual maturity dates. Amounts are in millions. Actual maturities may differ from contractual maturities due to prepayment rights held by issuers.

 

 

Due in one
year or less

 

 

Due after one
year through
five years

 

 

Due after five
years through
ten years

 

 

Due after
ten years

 

 

Mortgage-backed
securities

 

 

Total

 

Amortized cost

$

7,720

 

 

$

13,413

 

 

$

1,393

 

 

$

842

 

 

$

1,805

 

 

$

25,173

 

Fair value

 

7,660

 

 

 

13,122

 

 

 

1,627

 

 

 

864

 

 

 

1,855

 

 

 

25,128