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Investments (Tables)
9 Months Ended
Sep. 30, 2024
Investments [Abstract]  
Schedule of Current and Long-Term Investments, Available-For-Sale
A summary of current and long-term fixed maturity securities, available-for-sale, at September 30, 2024 and December 31, 2023 is as follows:
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance
For Credit
Losses
Estimated
Fair Value
 
September 30, 2024
Fixed maturity securities:
United States Government securities$1,795 $40 $(19)$— $1,816 
Government sponsored securities160 (2)— 162 
Foreign government securities24 — (1)— 23 
States, municipalities and political subdivisions, tax-exempt3,431 91 (84)— 3,438 
Corporate securities15,588 607 (264)(1)15,930 
Residential mortgage-backed securities3,878 75 (171)— 3,782 
Commercial mortgage-backed securities1,967 39 (49)(1)1,956 
Other asset-backed securities2,779 45 (84)— 2,740 
Total fixed maturity securities$29,622 $901 $(674)$(2)$29,847 
December 31, 2023
Fixed maturity securities:
United States Government securities$1,873 $25 $(54)$— $1,844 
Government sponsored securities112 (3)— 110 
Foreign government securities(2)— 
States, municipalities and political subdivisions, tax-exempt3,985 69 (152)— 3,902 
Corporate securities14,838 322 (580)(2)14,578 
Residential mortgage-backed securities4,071 40 (279)— 3,832 
Commercial mortgage-backed securities2,174 13 (138)(2)2,047 
Other asset-backed securities4,278 25 (130)— 4,173 
Total fixed maturity securities$31,336 $496 $(1,338)$(4)$30,490 
Schedule of Aggregate Fair Value and Gross Unrealized Loss of Fixed Maturity Securities in an Unrealized Loss Position
For fixed maturity securities in an unrealized loss position at September 30, 2024 and December 31, 2023, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position: 
 Less than 12 Months12 Months or Greater
(Securities are whole amounts)Number of
Securities
Estimated
Fair Value
Gross
Unrealized
Loss
Number of
Securities
Estimated
Fair Value
Gross
Unrealized
Loss
September 30, 2024
Fixed maturity securities:
United States Government securities$98 $— 29$387 $(19)
Government sponsored securities13 — 3647 (2)
Foreign government securities
— — 2(1)
States, municipalities and political subdivisions, tax-exempt62 85 (1)7151,111 (83)
Corporate securities207 348 (7)1,4693,382 (257)
Residential mortgage-backed securities31 58 (1)1,4051,568 (170)
Commercial mortgage-backed securities27 91 (1)339784 (48)
Other asset-backed securities58 129 (8)264835 (76)
Total fixed maturity securities395 $822 $(18)4,259$8,118 $(656)
December 31, 2023
Fixed maturity securities:
United States Government securities35 $552 $(9)44 $370 $(45)
Government sponsored securities— — — 4052 (3)
Foreign government securities
— — — 2(2)
States, municipalities and political subdivisions, tax-exempt203354 (2)1,0341,811 (150)
Corporate securities389608 (15)2,6246,871 (565)
Residential mortgage-backed securities
183438 (5)1,6202,075 (274)
Commercial mortgage-backed securities
112353 (6)5341,317 (132)
Other asset-backed securities110394 (18)7612,342 (112)
Total fixed maturity securities1,032 $2,699 $(55)6,659$14,842 $(1,283)
Schedule of Amortized Cost and Fair Value of Fixed Maturity Securities, By Contractual Maturity
The amortized cost and fair value of fixed maturity securities at September 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations.
Amortized
Cost
Estimated
Fair Value
Due in one year or less$264 $259 
Due after one year through five years5,110 5,117 
Due after five years through ten years11,404 11,627 
Due after ten years6,999 7,106 
Mortgage-backed securities5,845 5,738 
Total fixed maturity securities$29,622 $29,847 
Schedule of Marketable Equity Securities
A summary of marketable equity securities at September 30, 2024 and December 31, 2023 is as follows:
 September 30, 2024December 31, 2023
Equity securities:
Exchange traded funds$994 $106 
Common equity securities40 45 
Private equity securities79 78 
Total$1,113 $229 
Schedule of Net Investment (Losses) and Gains
Net investment (losses) and gains for the three and nine months ended September 30, 2024 and 2023 are as follows:
Three Months Ended 
 September 30
Nine Months Ended 
 September 30
2024202320242023
Net (losses) gains:
Fixed maturity securities:
Gross realized gains from sales$53 $13 $92 $34 
Gross realized losses from sales(107)(164)(354)(377)
Impairment (losses) gains recognized in income
(9)(13)(8)
Net realized losses from sales of fixed maturity securities(63)(149)(275)(351)
Equity securities:
Unrealized gains (losses) recognized on equity securities still held at the end of the period
— (1)
Net realized (losses) gains recognized on equity securities sold during the period
(3)(4)
Net gains on equity securities
— — 
Other investments:
Gross gains35 86 45 91 
Gross losses— (68)(25)(62)
Impairment losses recognized in income(98)(8)(124)(37)
Net (losses) gains on other investments
(63)10 (104)(8)
Net losses on investments$(126)$(137)$(379)$(355)