Held-For-Sale Classification (Tables)

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheets at June 30, 2023 after elimination of intercompany balances:

(in millions)		Validus Re		CRS		Total
Assets:
Bonds available for sale	$	4,568	$	—	$	4,568
Other invested assets		5		—		5
Short-term investments, including restricted cash of $46		389		29		418
Cash		191		—		191
Accrued investment income		26		—		26
Premiums and other receivables, net of allowance for credit losses and disputes		3,812		51		3,863
Reinsurance assets - other, net of allowance for credit losses and disputes		2,057		—		2,057
Deferred income taxes		75		—		75
Deferred policy acquisition costs		712		—		712
Other assets, net of allowance for credit losses(a)		591		189		780
Total assets held for sale	$	12,426	$	269	$	12,695
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	$	4,929	$	—	$	4,929
Unearned premiums		3,006		—		3,006
Other liabilities		1,220		173		1,393
Long-term debt		267		—		267
Total liabilities held for sale	$	9,422	$	173	$	9,595

(a)Other assets, net of allowance for credit losses includes goodwill and other intangibles of $318 million and $235 million, respectively, for Validus Re and $23 million and $20 million, respectively, for CRS.