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Investments in fixed maturity securities (Tables)
9 Months Ended
Sep. 30, 2020
Investments Debt And Equity Securities [Abstract]  
Schedule of investments in securities with fixed maturities

Investments in fixed maturity securities as of September 30, 2020 and December 31, 2019 are summarized by type below (in millions).

 

 

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

3,311

 

 

$

66

 

 

$

 

 

$

3,377

 

Foreign governments

 

 

9,898

 

 

 

82

 

 

 

(11

)

 

 

9,969

 

Corporate bonds

 

 

5,125

 

 

 

455

 

 

 

(6

)

 

 

5,574

 

Other

 

 

447

 

 

 

70

 

 

 

(2

)

 

 

515

 

 

 

$

18,781

 

 

$

673

 

 

$

(19

)

 

$

19,435

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

3,054

 

 

$

37

 

 

$

(1

)

 

$

3,090

 

Foreign governments

 

 

8,584

 

 

 

63

 

 

 

(9

)

 

 

8,638

 

Corporate bonds

 

 

5,896

 

 

 

459

 

 

 

(3

)

 

 

6,352

 

Other

 

 

539

 

 

 

67

 

 

 

(1

)

 

 

605

 

 

 

$

18,073

 

 

$

626

 

 

$

(14

)

 

$

18,685

 

Schedule of amortized cost and estimated fair value of securities with fixed maturities

The amortized cost and estimated fair value of fixed maturity securities as of September 30, 2020 are summarized below by contractual maturity dates (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

 

$

9,847

 

 

$

7,885

 

 

$

302

 

 

$

405

 

 

$

342

 

 

$

18,781

 

Fair value

 

 

9,887

 

 

 

8,030

 

 

 

349

 

 

 

764

 

 

 

405

 

 

 

19,435