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Variable Interest Entities (Tables)
12 Months Ended
Dec. 31, 2023
Text Block [Abstract]  
Summary of Nonconsolidated VIEs Assets and Liabilities

December 31, 2023

Carrying Value of Assets

Carrying Value of Liabilities

In millions

Maximum

Exposure

to Loss

 

Investments

 

Premiums

Receivable

 

Insurance Loss

Recoverable

 

Unearned

Premium

Revenue

 

Loss and Loss

Adjustment

Expense

Reserves

 

Insurance:

Global structured finance:

Mortgage-backed residential

$

853

$

19

$

5

$

23

$

3

$

239

Consumer asset-backed

121

-

-

1

-

3

Corporate asset-backed

402

-

2

7

3

-

Total global structured finance

1,376

19

7

31

6

242

Global public finance

218

-

4

-

4

-

Total insurance

$

1,594

$

19

$

11

$

31

$

10

$

242

 

 

 

December 31, 2022

 

 

 

 

Carrying Value of Assets

 

Carrying Value of Liabilities

In millions

 

Maximum

Exposure

to Loss

 

 

Investments

 

 

Premiums

Receivable

 

 

Insurance Loss

Recoverable

 

 

Unearned

Premium

Revenue

 

 

Loss and Loss

Adjustment

Expense

Reserves

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global structured finance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed residential

 

$

996

 

 

$

75

 

 

$

6

 

 

$

21

 

 

$

4

 

 

$

277

 

Consumer asset-backed

 

 

164

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1

 

 

 

5

 

Corporate asset-backed

 

 

450

 

 

 

-

 

 

 

3

 

 

 

7

 

 

 

3

 

 

 

-

 

Total global structured finance

 

 

1,610

 

 

 

75

 

 

 

9

 

 

 

28

 

 

 

8

 

 

 

282

 

Global public finance

 

 

230

 

 

 

-

 

 

 

5

 

 

 

-

 

 

 

4

 

 

 

-

 

Total insurance

 

$

1,840

 

 

$

75

 

 

$

14

 

 

$

28

 

 

$

12

 

 

$

282