XML 97 R80.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value - Reconciliations of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Corporate bonds and other    
Reconciliations for All Assets and Liabilities [Roll Forward]    
Balance at beginning of period $ 937 $ 770
Included in Net Income (1) (10)
Included in OCI (184) (32)
Purchases 137 312
Sales (5) (3)
Settlements (84) (68)
Transfers into Level 3 10 20
Transfers out of Level 3 (52)
Balance at end of period 810 937
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)on Level 3 Assets and Liabilities Held at December 31 (183) (32)
States, municipalities and political subdivisions    
Reconciliations for All Assets and Liabilities [Roll Forward]    
Balance at beginning of period 56 46
Included in Net Income
Included in OCI (13) (1)
Purchases 12
Sales
Settlements (1)
Transfers into Level 3
Transfers out of Level 3
Balance at end of period 43 56
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)on Level 3 Assets and Liabilities Held at December 31 (13) (1)
Total asset-backed    
Reconciliations for All Assets and Liabilities [Roll Forward]    
Balance at beginning of period 556 308
Included in Net Income 25 7
Included in OCI (126) (10)
Purchases 424 287
Sales (2) (9)
Settlements (70) (61)
Transfers into Level 3 75 109
Transfers out of Level 3 (94) (75)
Balance at end of period 788 556
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)on Level 3 Assets and Liabilities Held at December 31 (125) (11)
Fixed maturities available-for-sale    
Reconciliations for All Assets and Liabilities [Roll Forward]    
Balance at beginning of period 1,549 1,124
Included in Net Income 24 (3)
Included in OCI (323) (43)
Purchases 561 611
Sales (7) (12)
Settlements (154) (130)
Transfers into Level 3 85 129
Transfers out of Level 3 (94) (127)
Balance at end of period 1,641 1,549
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31 0 0
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)on Level 3 Assets and Liabilities Held at December 31 (321) (44)
Fixed maturities trading    
Reconciliations for All Assets and Liabilities [Roll Forward]    
Balance at beginning of period 0 8
Included in Net Income (6)
Included in OCI
Purchases
Sales
Settlements (2)
Transfers into Level 3
Transfers out of Level 3
Balance at end of period 0 0
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)on Level 3 Assets and Liabilities Held at December 31
Total fixed maturities    
Reconciliations for All Assets and Liabilities [Roll Forward]    
Balance at beginning of period 1,549 1,132
Included in Net Income 24 (9)
Included in OCI (323) (43)
Purchases 561 611
Sales (7) (12)
Settlements (154) (132)
Transfers into Level 3 85 129
Transfers out of Level 3 (94) (127)
Balance at end of period 1,641 1,549
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31 0 0
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)on Level 3 Assets and Liabilities Held at December 31 (321) (44)
Equity securities    
Reconciliations for All Assets and Liabilities [Roll Forward]    
Balance at beginning of period 29 43
Included in Net Income (9) (15)
Included in OCI
Purchases 19 11
Sales (3) (21)
Settlements 9
Transfers into Level 3 21
Transfers out of Level 3 (10) (10)
Balance at end of period 35 29
Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31 (4) (2)
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)on Level 3 Assets and Liabilities Held at December 31