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Fair Value of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities that are measured at fair value on a recurring and non-recurring basis
Assets and liabilities measured at fair value
June 30, 2023
($ in millions)Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Counterparty and cash collateral nettingTotal
Assets     
Fixed income securities:     
U.S. government and agencies$7,716 $13 $—  $7,729 
Municipal— 6,828 12  6,840 
Corporate - public— 21,213 26  21,239 
Corporate - privately placed— 7,655 60 7,715 
Foreign government— 1,044 —  1,044 
ABS— 949 34 983 
Total fixed income securities7,716 37,702 132  45,550 
Equity securities1,777 132 381 
 
2,290 
Short-term investments1,155 3,976 6  5,137 
Other investments— 10 2 $(10)2 
Other assets2 — 104  106 
Total recurring basis assets10,650 41,820 625 (10)53,085 
Non-recurring basis
— — 2  2 
Total assets at fair value$10,650 $41,820 $627 $(10)$53,087 
% of total assets at fair value20.0 %78.8 %1.2 %— %100.0 %
Investments reported at NAV1,228 
Total$54,315 
Liabilities     
Other liabilities$(6)$(21)$— $18 $(9)
Total recurring basis liabilities(6)(21)— 18 (9)
Total liabilities at fair value$(6)$(21)$— $18 $(9)
% of total liabilities at fair value66.7 %233.3 %— %(200.0)%100.0 %
Assets and liabilities measured at fair value
December 31, 2022
($ in millions)Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Counterparty and cash collateral nettingTotal
Assets     
Fixed income securities:     
U.S. government and agencies$7,878 $20 $—  $7,898 
Municipal— 6,189 21  6,210 
Corporate - public— 18,547 69  18,616 
Corporate - privately placed— 7,592 55 7,647 
Foreign government— 957 —  957 
ABS— 1,129 28 1,157 
Total fixed income securities7,878 34,434 173  42,485 
Equity securities3,936 298 333 
 
4,567 
Short-term investments508 3,659 6 
 
4,173 
Other investments— 23 3 $(22)4 
Other assets3 — 103  106 
Total recurring basis assets12,325 38,414 618 (22)51,335 
Non-recurring basis— — 23  23 
Total assets at fair value$12,325 $38,414 $641 $(22)$51,358 
% of total assets at fair value24.0 %74.8 %1.2 %— %100.0 %
Investments reported at NAV1,246 
Total$52,604 
Liabilities     
Other liabilities$(1)$(25)$— $21 $(5)
Total recurring basis liabilities(1)(25)— 21 (5)
Total liabilities at fair value$(1)$(25)$— $21 $(5)
% of total liabilities at fair value20.0 %500.0 %— %(420.0)%100.0 %
Schedule of the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended June 30, 2023
Balance as of
 March 31, 2023		Total gains (losses)
included in:		 Transfers Balance as of
 June 30, 2023
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$17 $3 $(1)$— $— $— $(6)$— $(1)$12 
Corporate - public29 — — — — — (3)— — 26 
Corporate - privately placed49 (7)1 16 — 1 — — — 60 
ABS27 — — — — 7 — — — 34 
Total fixed income securities122 (4)— 16 — 8 (9)— (1)132 
Equity securities358 7 — — — 28 (12)— — 381 
Short-term investments6 — — — — — — — — 6 
Other investments2 — — — — — — — — 2 
Other assets112 (8)— — — — — — — 104 
Total recurring Level 3 assets$600 $(5)$— $16 $— $36 $(21)$— $(1)$625 
Rollforward of Level 3 assets and liabilities held at fair value during the six month period ended June 30, 2023
Balance as of December 31, 2022Total gains (losses)
 included in:		 Transfers Balance as of June 30, 2023
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$21 $3 $(1)$— $— $— $(9)$— $(2)$12 
Corporate - public69 (1)2 — — — (44)— — 26 
Corporate - privately placed55 (11)1 16 — 1 (2)— — 60 
ABS28 — — — — 7 — — (1)34 
Total fixed income securities173 (9)2 16 — 8 (55)— (3)132 
Equity securities333 7 — — — 70 (29)— — 381 
Short-term investments6 — — — — — — — — 6 
Other investments3 (1)— — — — — — — 2 
Other assets103 1 — — — — — — — 104 
Total recurring Level 3 assets$618 $(2)$2 $16 $— $78 $(84)$— $(3)$625 
Rollforward of Level 3 assets and liabilities held at fair value during the three month period ended June 30, 2022
Balance as of
 March 31, 2022		Total gains (losses)
 included in:		 Transfers Balance as of
 June 30, 2022
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$17 $— $1 $— $— $1 $— $— $(1)$18 
Corporate - public49 — (1)— (35)71 (5)— (2)77 
Corporate - privately placed130 19 (3)— (51)2 (24)— — 73 
ABS19 — — — — — — — (1)18 
Total fixed income securities215 19 (3)— (86)74 (29)— (4)186 
Equity securities373 4 — — — — (5)— — 372 
Short-term investments11 — — — — 17 — — (20)8 
Other investments2 — — — — — — — — 2 
Other assets77 31 — — — — — — — 108 
Total recurring Level 3 assets$678 $54 $(3)$— $(86)$91 $(34)$— $(24)$676 
Rollforward of Level 3 assets and liabilities held at fair value during the six month period ended June 30, 2022
Balance as of
December 31, 2021		Total gains (losses)
 included in:		 Transfers Balance as of June 30, 2022
($ in millions)Net incomeOCIInto Level 3Out of Level 3PurchasesSalesIssuesSettlements
Assets
Fixed income securities:
Municipal$18 $— $1 $— $— $1 $— $— $(2)$18 
Corporate - public20 — (3)— — 71 (9)— (2)77 
Corporate - privately placed66 19 (2)— — 14 (24)— — 73 
ABS40 1 — — (28)7 — — (2)18 
Total fixed income securities144 20 (4)— (28)93 (33)— (6)186 
Equity securities349 29 — — — 2 (8)— — 372 
Short-term investments5 — — — — 23 — — (20)8 
Other investments2 — — — — — — — — 2 
Other assets65 43 — — — — — — — 108 
Total recurring Level 3 assets$565 $92 $(4)$— $(28)$118 $(41)$— $(26)$676 
Total Level 3 gains (losses) included in net income
Three months ended June 30,Six months ended June 30,
($ in millions)2023202220232022
Net investment income$3 $4 $(2)$13 
Net gains (losses) on investments and derivatives(8)50 — 79 
Schedule of gains and losses included in net income for Level 3 assets and liabilities still held at the balance sheet date
Valuation changes included in net income and OCI for Level 3 assets and liabilities held as of June 30,
Three months ended June 30,Six months ended June 30,
($ in millions)2023202220232022
Assets    
Fixed income securities:
Corporate - privately placed$(7)$— $(11)$— 
Total fixed income securities(7)— (11)— 
Equity securities7 4 6 29 
Other investments— — (1)— 
Other assets(8)31 1 44 
Total recurring Level 3 assets$(8)$35 $(5)$73 
Total included in net income$(8)$35 $(5)$73 
Components of net income
Net investment income$3 $4 $(2)$13 
Net gains (losses) on investments and derivatives(11)31 (3)60 
Total included in net income$(8)$35 $(5)$73 
Assets
Municipal$— $1 $— $1 
Corporate - public— (1)1 (3)
Corporate - privately placed1 (3)1 (2)
Changes in unrealized net capital gains and losses reported in OCI$1 $(3)$2 $(4)
Schedule of carrying values and fair value estimates of financial instruments not carried at fair value
Financial instruments not carried at fair value
($ in millions)June 30, 2023December 31, 2022
Financial assetsFair value levelAmortized cost, net
Fair
value
Amortized cost, net
Fair
value
Mortgage loansLevel 3$823 $750 $762 $700 
Bank loansLevel 3667 686 686 686 
Financial liabilitiesFair value level
Carrying value (1)
Fair
value
Carrying value (1)
Fair
value
Contractholder funds on investment contractsLevel 3$47 $47 $50 $50 
DebtLevel 27,949 7,465 7,964 7,449 
Liability for collateralLevel 21,791 1,791 2,011 2,011 
(1)Represents the amounts reported on the Condensed Consolidated Statements of Financial Position.