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Investments in fixed maturity securities (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in securities with fixed maturities

Investments in fixed maturity securities are summarized by type below (in millions).

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

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

$

10,308

 

 

$

14

 

 

$

(53

)

 

$

10,269

 

Foreign governments

 

11,788

 

 

 

58

 

 

 

(41

)

 

 

11,805

 

Corporate bonds

 

1,212

 

 

 

241

 

 

 

(4

)

 

 

1,449

 

Other

 

217

 

 

 

21

 

 

 

(3

)

 

 

235

 

$

23,525

 

 

$

334

 

 

$

(101

)

 

$

23,758

 

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

 

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, 2023 are summarized below by contractual maturity dates (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

$

18,888

 

 

$

3,744

 

 

$

611

 

 

$

128

 

 

$

154

 

 

$

23,525

 

Fair value

 

18,875

 

 

 

3,754

 

 

 

823

 

 

 

138

 

 

 

168

 

 

 

23,758