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Investments in fixed maturity securities (Tables)
9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in securities with fixed maturities

Our investments in fixed maturity securities as of September 30, 2018 and December 31, 2017 are summarized by type below (in millions).

 

 

       Amortized  
Cost
   Unrealized
Gains
   Unrealized
Losses
     Fair
    Value    

September 30, 2018

           

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

    $ 3,626       $ 8       $ (35)       $ 3,599  

U.S. states, municipalities and political subdivisions

     276        15        (1)        290  

Foreign governments

     7,362        45        (37)        7,370  

Corporate bonds

     6,029        436        (7)        6,458  

Mortgage-backed securities

     502        56        (4)        554  
  

 

 

 

  

 

 

 

  

 

 

    

 

 

 

    $ 17,795       $ 560       $ (84)       $ 18,271  
  

 

 

 

  

 

 

 

  

 

 

    

 

 

 

December 31, 2017

           

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

    $ 3,975       $ 4       $ (26)       $ 3,953  

U.S. states, municipalities and political subdivisions

     847        19        (12)        854  

Foreign governments

     8,572        274        (24)        8,822  

Corporate bonds

     6,279        588        (5)        6,862  

Mortgage-backed securities

     772        92        (2)        862  
  

 

 

 

  

 

 

 

  

 

 

    

 

 

 

    $ 20,445       $ 977       $ (69)       $     21,353  
  

 

 

 

  

 

 

 

  

 

 

    

 

 

 


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 September 30, 2018 are summarized below by contractual maturity dates. Amounts are in millions. Actual maturities may differ from contractual maturities due to early call or 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

    $     7,275       $ 9,057       $ 387       $ 574       $ 502       $ 17,795  

Fair value

     7,274        9,108        435        900        554        18,271