XML 79 R65.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Investments (Investments in Fixed Maturity and Equity Securities Available-for-Sale by Sector) (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost $ 70,790 $ 64,977
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 916 1,125
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 5,784 5,560
Fixed maturity securities, available-for-sale $ 65,827 [1] $ 60,467 [2]
% of Total 100.00% 100.00%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 95 $ 75
Corporate Debt Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 44,575 42,014
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 485 554
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 3,933 3,751
Fixed maturity securities, available-for-sale $ 41,048 [1] $ 38,755 [2]
% of Total 62.40% 64.10%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 79 $ 62
Canadian and Canadian provincial governments    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 3,455 3,477
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 326 473
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 68 33
Fixed maturity securities, available-for-sale $ 3,713 [1] $ 3,917 [2]
% of Total 5.60% 6.50%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
Residential mortgage-backed securities    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 1,250 1,173
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 10 8
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 110 102
Fixed maturity securities, available-for-sale $ 1,150 [1] $ 1,079 [2]
% of Total 1.70% 1.80%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
Asset-backed Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 5,137 4,661
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 30 19
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 207 239
Fixed maturity securities, available-for-sale $ 4,945 [1] $ 4,429 [2]
% of Total 7.50% 7.30%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 15 $ 12
Commercial Mortgage Backed Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 2,002 1,969
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 14 7
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 154 202
Fixed maturity securities, available-for-sale $ 1,861 [1] $ 1,773 [2]
% of Total 2.80% 2.90%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 1 $ 1
US Treasury and Government [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 3,028 2,725
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 2 9
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 244 214
Fixed maturity securities, available-for-sale $ 2,786 [1] $ 2,520 [2]
% of Total 4.20% 4.20%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
US States and Political Subdivisions Debt Securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 1,249 1,236
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 6 7
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 139 129
Fixed maturity securities, available-for-sale $ 1,116 [1] $ 1,114 [2]
% of Total 1.70% 1.80%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
Debt Security, Government, Non-US [Member]    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 4,372 4,092
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 39 45
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 407 388
Fixed maturity securities, available-for-sale $ 4,004 [1] $ 3,749 [2]
% of Total 6.20% 6.20%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
JAPAN    
Debt Securities, Available-for-sale [Line Items]    
Available for Sale at Fair value - Amortized cost 5,722 3,630
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 4 3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 522 502
Fixed maturity securities, available-for-sale $ 5,204 $ 3,131
% of Total 7.90% 5.20%
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0 $ 0
[1] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of March 31, 2024, the fair value of such investments was $893 million.
[2] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million