XML 116 R100.htm IDEA: XBRL DOCUMENT v3.22.4
Investments and Cash - Fixed Maturity Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Investments        
Amortized Cost $ 7,707 $ 7,822    
Allowance for Credit Losses (65) (42) $ (78) $ 0
Fixed-maturity securities, available-for-sale: $ 7,119 $ 8,202    
Mortgage backed securities consisting of government-agency obligations, percent 30.00% 31.00%    
Fixed-maturity securities        
Investments        
Percent of Total 100.00% 100.00%    
Amortized Cost $ 7,707 $ 7,822    
Allowance for Credit Losses (65) (42)    
Gross Unrealized Gains 65 478    
Gross Unrealized Losses (588) (56)    
Fixed-maturity securities, available-for-sale: $ 7,119 $ 8,202    
Obligations of state and political subdivisions | Fixed-maturity securities        
Investments        
Percent of Total 45.00% 43.00%    
Amortized Cost $ 3,509 $ 3,386    
Allowance for Credit Losses (14) (12)    
Gross Unrealized Gains 37 290    
Gross Unrealized Losses (138) (4)    
Fixed-maturity securities, available-for-sale: $ 3,394 $ 3,660    
U.S. government and agencies | Fixed-maturity securities        
Investments        
Percent of Total 2.00% 2.00%    
Amortized Cost $ 118 $ 123    
Allowance for Credit Losses 0 0    
Gross Unrealized Gains 1 7    
Gross Unrealized Losses (8) (2)    
Fixed-maturity securities, available-for-sale: $ 111 $ 128    
Corporate securities | Fixed-maturity securities        
Investments        
Percent of Total 31.00% 32.00%    
Amortized Cost $ 2,387 $ 2,516    
Allowance for Credit Losses (6) (1)    
Gross Unrealized Gains 2 111    
Gross Unrealized Losses (299) (21)    
Fixed-maturity securities, available-for-sale: 2,084 $ 2,605    
RMBS        
Investments        
Amortized Cost 418      
Fixed-maturity securities, available-for-sale: $ 340      
RMBS | Fixed-maturity securities        
Investments        
Percent of Total 5.00% 6.00%    
Amortized Cost $ 418 $ 454    
Allowance for Credit Losses (19) (17)    
Gross Unrealized Gains 3 24    
Gross Unrealized Losses (62) (24)    
Fixed-maturity securities, available-for-sale: 340 $ 437    
CMBS        
Investments        
Amortized Cost 282      
Fixed-maturity securities, available-for-sale: $ 271      
CMBS | Fixed-maturity securities        
Investments        
Percent of Total 4.00% 4.00%    
Amortized Cost $ 282 $ 332    
Allowance for Credit Losses 0 0    
Gross Unrealized Gains 0 14    
Gross Unrealized Losses (11) 0    
Fixed-maturity securities, available-for-sale: $ 271 $ 346    
CLOs | Fixed-maturity securities        
Investments        
Percent of Total 6.00% 6.00%    
Amortized Cost $ 449 $ 457    
Allowance for Credit Losses 0 0    
Gross Unrealized Gains 0 1    
Gross Unrealized Losses (21) 0    
Fixed-maturity securities, available-for-sale: $ 428 $ 458    
Others | Fixed-maturity securities        
Investments        
Percent of Total 5.00% 5.00%    
Amortized Cost $ 423 $ 420    
Allowance for Credit Losses (26) (12)    
Gross Unrealized Gains 22 26    
Gross Unrealized Losses (26) (2)    
Fixed-maturity securities, available-for-sale: $ 393 $ 432    
Non-U.S. government securities | Fixed-maturity securities        
Investments        
Percent of Total 2.00% 2.00%    
Amortized Cost $ 121 $ 134    
Allowance for Credit Losses 0 0    
Gross Unrealized Gains 0 5    
Gross Unrealized Losses (23) (3)    
Fixed-maturity securities, available-for-sale: $ 98 $ 136