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Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2024
Text Block [Abstract]  
Summary of Nonconsolidated VIEs Assets and Liabilities


 

March 31, 2024

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

$

838

$

19

$

5

$

21

$

3

$

232

Consumer asset-backed

111

-

-

1

-

3

Corporate asset-backed

391

-

2

7

3

-

Total global structured finance

1,340

19

7

29

6

235

Global public finance

210

-

4

-

3

-

Total insurance

$

1,550

$

19

$

11

$

29

$

9

$

235

 

 

 

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