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Investments (Tables)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Investments [Abstract]    
Net Realized Capital Gains (Losses)  
Net Realized Gains (Losses)
 Three Months Ended September 30,Nine Months Ended September 30,
(Before tax)2022202120222021
Gross gains on sales of fixed maturities
$16 $63 $54 $162 
Gross losses on sales of fixed maturities
(81)(8)(256)(54)
Equity securities [1]
Net realized gains (losses) on sales of equity securities(9)35 36 43 
Change in net unrealized gains (losses) of equity securities(72)(32)(486)91 
Net realized and unrealized gains (losses) on equity securities(81)(450)134 
Net credit losses on fixed maturities, AFS(3)— (15)
Change in ACL on mortgage loans— (2)(7)12 
Intent-to-sell impairments(2)— (5)— 
Other, net [2](15)14 30 39 
Net realized gains (losses)$(166)$70 $(649)$297 
[1]The net unrealized gains (losses) on equity securities still held as of September 30, 2022, and included in net realized gains (losses) were $(84) and $(439) for the three and nine months ended September 30, 2022, respectively. The net unrealized gains (losses) on equity securities still held as of September 30, 2021, and included in net realized gains (losses) were $(17) and $92 for the three and nine months ended September 30, 2021, respectively.
[2]For the three and nine months ended September 30, 2022, includes gains (losses) from transactional foreign currency revaluation of $16 and $37, respectively, and gains (losses) on non-qualifying derivatives of $(19) and $42, respectively. For the three and nine months ended September 30, 2021 includes gains (losses) from transactional foreign currency revaluation of $6 and $(1), respectively, and non-qualifying derivatives of $10 and $16, respectively.
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block]
ACL on Fixed Maturities, AFS by Type
Three Months Ended September 30,
20222021
(Before tax)CorporateForeign govt./govt. agenciesCMBSTotalCorporateTotal
Balance as of beginning of period$$$$13 $$
Credit losses on fixed maturities where an allowance was not previously recorded— — — — 
Reduction due to sales— (1)— (1)— — 
Reduction due to intent to sell— (3)— (3)— — 
Balance as of end of period$8 $ $7 $15 $4 $4 
ACL on Fixed Maturities, AFS by Type
Nine Months Ended September 30,
20222021
(Before tax)CorporateForeign govt./govt. agenciesCMBSTotalCorporateTotal
Balance as of beginning of period$$— $— $$23 $23 
Credit losses on fixed maturities where an allowance was not previously recorded18 
Reduction due to sales— (1)— (1)(15)(15)
Reduction due to intent to sell— (3)— (3)— — 
Net increases (decreases) on fixed maturities where an allowance was previously recorded(1)— — (6)(6)
Balance as of end of period$8 $ $7 $15 $4 $4 
Schedule of Available-for-sale Securities  
Fixed Maturities, AFS, by Type
September 30, 2022December 31, 2021

Amortized
Cost
ACLGross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value

Amortized
Cost
ACLGross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
ABS$1,969 $— $— $(77)$1,892 $1,125 $— $13 $(3)$1,135 
CLO3,027 — (110)2,919 3,019 — (2)3,025 
CMBS3,601 (7)22 (338)3,278 3,955 — 179 (15)4,119 
Corporate16,799 (8)(1,912)14,888 17,744 (1)1,038 (74)18,707 
Foreign govt./govt. agencies655 — — (71)584 883 — 33 (6)910 
Municipal6,839 — 55 (697)6,197 7,473 — 787 (3)8,257 
RMBS4,218 — (496)3,724 3,610 — 60 (27)3,643 
U.S. Treasuries2,479 — (245)2,235 2,979 — 86 (14)3,051 
Total fixed maturities, AFS$39,587 $(15)$91 $(3,946)$35,717 $40,788 $(1)$2,204 $(144)$42,847 
Investments by Contractual Maturity Year  
Fixed Maturities, AFS, by Contractual Maturity Year
September 30, 2022December 31, 2021
Amortized CostFair ValueAmortized CostFair Value
One year or less$1,440 $1,420 $1,400 $1,419 
Over one year through five years8,116 7,613 8,615 8,894 
Over five years through ten years7,432 6,472 8,303 8,633 
Over ten years9,784 8,399 10,761 11,979 
Subtotal26,772 23,904 29,079 30,925 
Mortgage-backed and asset-backed securities12,815 11,813 11,709 11,922 
Total fixed maturities, AFS$39,587 $35,717 $40,788 $42,847 
Unrealized Gain (Loss) on Investments [Table Text Block]  
Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of September 30, 2022
Less Than 12 Months12 Months or MoreTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
ABS$1,798 $(66)$92 $(11)$1,890 $(77)
CLO2,167 (81)683 (29)2,850 (110)
CMBS2,887 (284)266 (54)3,153 (338)
Corporate12,682 (1,531)1,533 (381)14,215 (1,912)
Foreign govt./govt. agencies402 (51)172 (20)574 (71)
Municipal4,706 (651)161 (46)4,867 (697)
RMBS3,023 (375)612 (121)3,635 (496)
U.S. Treasuries1,764 (185)423 (60)2,187 (245)
Total fixed maturities, AFS in an unrealized loss position$29,429 $(3,224)$3,942 $(722)$33,371 $(3,946)

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2021
 Less Than 12 Months12 Months or MoreTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
ABS$396 $(3)$— $— $396 $(3)
CLO1,434 (2)147 — 1,581 (2)
CMBS594 (7)82 (8)676 (15)
Corporate3,698 (65)234 (9)3,932 (74)
Foreign govt./govt. agencies340 (5)16 (1)356 (6)
Municipal301 (3)12 — 313 (3)
RMBS1,869 (23)94 (4)1,963 (27)
U.S. Treasuries2,301 (13)23 (1)2,324 (14)
Total fixed maturities, AFS in an unrealized loss position$10,933 $(121)$608 $(23)$11,541 $(144)
Financing Receivable, Allowance for Credit Loss [Table Text Block]  
ACL on Mortgage Loans
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
ACL as of beginning of period$36 $24 $29 $38 
Current period provision (release)— (12)
ACL as of September 30,$36 $26 $36 $26 
Loans Credit Quality  
Mortgage Loans LTV & DSCR by Origination Year as of September 30, 2022
202220212020201920182017 & PriorTotal
Loan-to-valueAmortized Cost
Avg. DSCR
Amortized CostAvg. DSCRAmortized CostAvg. DSCRAmortized CostAvg. DSCRAmortized CostAvg. DSCRAmortized CostAvg. DSCR
Amortized Cost [1]
Avg. DSCR
65% - 80%$16 2.02x$— —x$22 2.66x$70 1.36x$108 1.11x$89 2.00x$305 1.58x
Less than 65%703 2.61x1,496 2.85x681 2.92x711 2.87x438 2.24x1,633 2.41x5,662 2.66x
Total mortgage loans
$719 2.59x$1,496 2.85x$703 2.91x$781 2.73x$546 2.02x$1,722 2.39x$5,967 2.60x
[1]Amortized cost of mortgage loans excludes ACL of $36.
Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2021
202120202019201820172016 & PriorTotal
Loan-to-value
Amortized Cost
Avg. DSCR
Amortized CostAvg. DSCRAmortized CostAvg. DSCRAmortized CostAvg. DSCRAmortized CostAvg. DSCRAmortized CostAvg. DSCR
Amortized Cost [1]
Avg. DSCR
65% - 80%$2.37x$50 2.63x$91 1.57x$100 1.00x$45 1.37x$97 1.80x$390 1.61x
Less than 65%1,481 2.70x645 2.78x722 2.78x472 2.23x417 1.91x1,285 2.45x5,022 2.55x
Total mortgage loans
$1,488 2.70x$695 2.77x$813 2.64x$572 2.02x$462 1.86x$1,382 2.41x$5,412 2.48x
[1]Amortized cost of mortgage loans excludes ACL of $29.
Mortgage Loans by Region
September 30, 2022December 31, 2021
Amortized CostPercent of TotalAmortized CostPercent of Total
East North Central$313 5.2 %$284 5.2 %
Middle Atlantic291 4.9 %303 5.6 %
Mountain708 11.9 %450 8.3 %
New England419 7.0 %393 7.3 %
Pacific1,300 21.8 %1,245 23.0 %
South Atlantic1,643 27.5 %1,556 28.8 %
West North Central101 1.7 %85 1.6 %
West South Central422 7.1 %424 7.8 %
Other [1]770 12.9 %672 12.4 %
Total mortgage loans5,967 100.0 %5,412 100.0 %
ACL(36)(29)
Total mortgage loans, net of ACL$5,931 $5,383 
[1]Primarily represents loans collateralized by multiple properties in various regions.
Mortgage Loans by Property Type
September 30, 2022December 31, 2021
Amortized CostPercent of TotalAmortized CostPercent of Total
Commercial
Industrial$2,146 36.0 %$1,931 35.7 %
Multifamily2,222 37.2 %1,833 33.9 %
Office611 10.2 %627 11.6 %
Retail [1]948 15.9 %951 17.6 %
Single Family— — %30 0.5 %
Other40 0.7 %40 0.7 %
Total mortgage loans5,967 100.0 %5,412 100.0 %
ACL(36)(29)
Total mortgage loans, net of ACL$5,931 $5,383 
[1]Primarily comprised of grocery-anchored retail centers, with no exposure to regional shopping malls.
Schedule of Financial Instruments Owned and Pledged as Collateral  
September 30, 2022December 31, 2021
Fair ValueFair Value
Securities on deposit with government agencies$2,078 $2,376 
Fixed maturities in trust for benefit of Lloyd's Syndicate policyholders651 712 
Short-term investments in trust for benefit of Lloyd's Syndicate policyholders
Fixed maturities in Lloyd's trust account141 160 
Other investments58 65 
Total Other Restricted Investments$2,935 $3,320