Investments - Realized Investment Gains and Losses and Change in Unrealized Investment Gains and Losses and Other Items (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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Investment income: | ||||
Interest | $ 147 | $ 124 | $ 287 | $ 247 |
Dividends | 70 | 72 | 136 | 137 |
Other | 6 | 2 | 13 | 3 |
Total | 223 | 198 | 436 | 387 |
Less investment expenses | 3 | 3 | 6 | 7 |
Total | 220 | 195 | 430 | 380 |
Investment gains and losses, net | ||||
Other | (21) | 16 | (20) | 22 |
Total | 434 | (1,154) | 540 | (1,820) |
Equity securities | ||||
Investment gains and losses, net | ||||
Investment gains and losses on securities sold, net | 0 | 5 | (4) | 37 |
Unrealized gains and losses on securities still held, net | 459 | (1,175) | 568 | (1,882) |
Total | 459 | (1,170) | 564 | (1,845) |
Fixed maturities | ||||
Investment gains and losses, net | ||||
Gross realized gains | 0 | 2 | 1 | 6 |
Gross realized losses | 0 | (2) | (1) | (3) |
Writedown of Impaired Securities Intended to be Sold | (4) | 0 | (4) | 0 |
Total | $ (4) | $ 0 | $ (4) | $ 3 |
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- Definition Income derived from those other than interest and dividends. No definition available.
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- Definition This item represents realized investment gains (losses) included in earnings for the period excluding those relating to other than temporary impairment losses on investments in debt securities. Includes realized investment gains and losses generated from the sale of debt securities, equity securities, investments in joint ventures and limited partnerships and from other than temporary impairments on investments other than debt securities. Also includes realized investment gains and losses are generated from prepayment premiums, recoveries of principal on previously impaired securities, provisions for losses on commercial mortgage and other loans, and fair value changes on embedded derivatives and derivatives that do not qualify for hedge accounting treatment, except those derivatives used in the Company's capacity as a broker or dealer. No definition available.
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- Definition Writedown of impaired available-for-sale debt securities to fair value due to intent to sell No definition available.
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- Definition Amount of realized gain on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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- References No definition available.
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- Definition Amount, before investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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