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Investments (Tables)
 6 Months Ended
Jun. 30, 2024
Investments [Abstract]  
Schedule of Total Investments
Total investments at June 30, 2024 and December 31, 2023 were as follows:
 June 30, 2024December 31, 2023
In millionsCurrentLong-termTotalCurrentLong-termTotal
Debt securities available for sale$3,604 $20,227 $23,831 $3,131 $18,582 $21,713 
Mortgage loans151 1,251 1,402 128 1,183 1,311 
Other investments— 3,550 3,550 — 3,254 3,254 
Total investments$3,755 $25,028 $28,783 $3,259 $23,019 $26,278 
Schedule of Debt Securities Available For Sale
Debt securities available for sale at June 30, 2024 and December 31, 2023 were as follows:
In millions
Amortized
 Cost (1)
Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
June 30, 2024
Debt securities:  
U.S. government securities$2,589 $5 $(56)$2,538 
States, municipalities and political subdivisions1,335 10 (22)1,323 
U.S. corporate securities11,720 69 (489)11,300 
Foreign securities2,657 26 (130)2,553 
Residential mortgage-backed securities838 3 (60)781 
Commercial mortgage-backed securities1,201 5 (93)1,113 
Other asset-backed securities4,190 28 (12)4,206 
Redeemable preferred securities18 — (1)17 
Total debt securities (2)
$24,548 $146 $(863)$23,831 
December 31, 2023
Debt securities:
U.S. government securities$2,071 $19 $(54)$2,036 
States, municipalities and political subdivisions2,219 31 (35)2,215 
U.S. corporate securities10,156 133 (446)9,843 
Foreign securities2,593 41 (122)2,512 
Residential mortgage-backed securities862 8 (60)810 
Commercial mortgage-backed securities1,066 9 (100)975 
Other asset-backed securities3,294 26 (18)3,302 
Redeemable preferred securities21 — (1)20 
Total debt securities (2)
$22,282 $267 $(836)$21,713 
_____________________________________________
(1)There was no allowance for expected credit losses recorded on available-for-sale debt securities at June 30, 2024 or December 31, 2023.
(2)Investment risks associated with the Company’s experience-rated products generally do not impact the Company’s consolidated operating results. At June 30, 2024, debt securities with a fair value of $546 million, gross unrealized capital gains of $5 million and gross unrealized capital losses of $36 million, and at December 31, 2023, debt securities with a fair value of $592 million, gross unrealized capital gains of $10 million and gross unrealized capital losses of $28 million were included in total debt securities, but support experience-rated products. Changes in net unrealized capital gains (losses) on these securities are not reflected in accumulated other comprehensive loss.
Schedule of Net Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities at June 30, 2024 are shown below by contractual maturity. Actual maturities may differ from contractual maturities because securities may be restructured, called or prepaid, or the Company intends to sell a security prior to maturity.
In millionsAmortized
Cost		Fair
Value
Due to mature: 
Less than one year$1,365 $1,349 
One year through five years8,974 8,784 
After five years through ten years4,420 4,288 
Greater than ten years3,560 3,310 
Residential mortgage-backed securities838 781 
Commercial mortgage-backed securities1,201 1,113 
Other asset-backed securities4,190 4,206 
Total$24,548 $23,831 
Schedule of Debt Securities In An Unrealized Capital Loss Position
Summarized below are the debt securities the Company held at June 30, 2024 and December 31, 2023 that were in an unrealized capital loss position, aggregated by the length of time the investments have been in that position:
Less than 12 monthsGreater than 12 monthsTotal
In millions, except number of securitiesNumber
of
Securities		Fair
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses
June 30, 2024  
Debt securities:  
U.S. government securities221 $1,191 $11 272 $761 $45 493 $1,952 $56 
States, municipalities and political subdivisions163 300 1 246 386 21 409 686 22 
U.S. corporate securities2,241 2,849 34 3,937 5,118 455 6,178 7,967 489 
Foreign securities460 600 10 886 1,280 120 1,346 1,880 130 
Residential mortgage-backed securities51 170 1 424 469 59 475 639 60 
Commercial mortgage-backed securities70 206 2 304 610 91 374 816 93 
Other asset-backed securities290 721 5 156 323 7 446 1,044 12 
Redeemable preferred securities1 5 — 7 12 1 8 17 1 
Total debt securities 3,497 $6,042 $64 6,232 $8,959 $799 9,729 $15,001 $863 
December 31, 2023  
Debt securities:  
U.S. government securities74 $194 $2 280 $891 $52 354 $1,085 $54 
States, municipalities and political subdivisions95 181 1 455 733 34 550 914 35 
U.S. corporate securities576 672 14 4,120 5,602 432 4,696 6,274 446 
Foreign securities160 243 4 964 1,407 118 1,124 1,650 122 
Residential mortgage-backed securities33 97 1 461 517 59 494 614 60 
Commercial mortgage-backed securities44 94 2 287 581 98 331 675 100 
Other asset-backed securities196 449 4 443 867 14 639 1,316 18 
Redeemable preferred securities4 2 — 8 18 1 12 20 1 
Total debt securities 1,182 $1,932 $28 7,018 $10,616 $808 8,200 $12,548 $836 
The maturity dates for debt securities in an unrealized capital loss position at June 30, 2024 were as follows:
 Supporting
experience-rated products		Supporting
remaining products		Total
In millionsFair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Due to mature:      
Less than one year$11 $— $1,117 $17 $1,128 $17 
One year through five years139 4 6,169 219 6,308 223 
After five years through ten years76 7 2,622 164 2,698 171 
Greater than ten years178 22 2,190 265 2,368 287 
Residential mortgage-backed securities8 1 631 59 639 60 
Commercial mortgage-backed securities15 1 801 92 816 93 
Other asset-backed securities15 1 1,029 11 1,044 12 
Total$442 $36 $14,559 $827 $15,001 $863 
Schedule of Activity in Mortgage Loan Portfolio During the three and six months ended June 30, 2024 and 2023, the Company had the following activity in its mortgage loan portfolio:
Three Months Ended
June 30,		Six Months Ended
June 30,
In millions2024202320242023
New mortgage loans$78 $168 $137 $223 
Mortgage loans fully repaid32 3 34 17 
Mortgage loans foreclosed— — — — 
Schedule of Mortgage Loan Amortized Cost and Credit Quality Indicator
Based on the Company’s assessments at June 30, 2024 and December 31, 2023, the amortized cost basis of the Company's mortgage loans within each credit quality indicator by year of origination was as follows:
Amortized Cost Basis by Year of Origination
In millions, except credit quality indicator20242023202220212020PriorTotal
June 30, 2024
1$— $— $— $— $— $9 $9 
2 to 4133 302 349 218 35 325 1,362 
5 and 6— — — 13 — 18 31 
7— — — — — — — 
Total$133 $302 $349 $231 $35 $352 $1,402 
December 31, 2023
1$— $— $— $— $11 $11 
2 to 4302 346 225 35 354 1,262 
5 and 6— — 13 — 19 32 
7— — 6 — — 6 
Total$302 $346 $244 $35 $384 $1,311 
Schedule of Net Investment Income
Sources of net investment income for the three and six months ended June 30, 2024 and 2023 were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
In millions2024202320242023
Debt securities$265 $204 $509 $395 
Mortgage loans19 14 36 27 
Other investments212 165 435 410 
Gross investment income496 383 980 832 
Investment expenses(12)(11)(24)(21)
Net investment income (excluding net realized capital losses)484 372 956 811 
Net realized capital losses (1)
(90)(98)(108)(203)
Net investment income (2)
$394 $274 $848 $608 
_____________________________________________
(1)Net realized capital losses include yield-related impairment losses on debt securities of $28 million and $38 million in the three and six months ended June 30, 2024, respectively. There were no credit-related impairment losses on debt securities in the three and six months ended June 30, 2024. Net realized capital losses include yield-related impairment losses on debt securities of $37 million and are net of the reversal of previously recorded credit-related impairment losses on debt securities of $2 million in the three months ended June 30, 2023. Net realized capital losses include yield-related impairment losses on debt securities of $61 million and are net of the reversal of previously recorded credit-related impairment losses on debt securities of $3 million in the six months ended June 30, 2023.
(2)Net investment income includes $8 million and $16 million for the three and six months ended June 30, 2024, respectively, and $9 million and $17 million for the three and six months ended June 30, 2023, respectively, related to investments supporting experience-rated products.
Schedule of Proceeds and Related Gross Realized Capital Gains and Losses From the Sale of Debt Securities
Excluding amounts related to experience-rated products, proceeds from the sale of available-for-sale debt securities and the related gross realized capital gains and losses for the three and six months ended June 30, 2024 and 2023 were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
In millions2024202320242023
Proceeds from sales$1,616 $991 $2,881 $2,332 
Gross realized capital gains6 2 14 5 
Gross realized capital losses71 73 123 184