XML 54 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments in fixed maturity securities (Tables)
12 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in securities with fixed maturities

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

 

     Amortized
Cost
     Unrealized
Gains
       Unrealized
Losses
       Fair
Value
 

December 31, 2018

               

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

    $ 4,223       $ 22         $ (22)         $ 4,223  

States, municipalities and political subdivisions

     182        7          —           189  

Foreign governments

     7,480        50          (28)          7,502  

Corporate bonds

     7,055        408          (23)          7,440  

Mortgage-backed securities

     487        59          (2)          544  
  

 

 

    

 

 

      

 

 

      

 

 

 
    $ 19,427       $ 546         $ (75)         $ 19,898  
  

 

 

    

 

 

      

 

 

      

 

 

 

December 31, 2017

               

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

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

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 December 31, 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

    $  6,973         $   10,937       $         438       $       592     $ 487       $   19,427  

Fair value

    6,982           10,994         494         884       544         19,898