XML 47 R38.htm IDEA: XBRL DOCUMENT v3.23.3
INVESTMENTS - Schedule of Aggregate Fair Value and Gross Unrealized Depreciation of Fixed Maturity Securities - Available for Sale, by Contractual Maturity (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Fair Value    
Less than 12 months $ 3,360 $ 8,524
Greater than 12 months 8,210 2,698
Total 11,569 11,222
Gross Unrealized Depreciation    
Less than 12 months (194) (591)
Greater than 12 months (863) (421)
Total (1,057) (1,013)
No Recorded Allowance for Credit Losses    
Fair Value    
Less than 12 months 3,359 8,522
Greater than 12 months 8,210 2,698
Total 11,569 11,220
Gross Unrealized Depreciation    
Less than 12 months (193) (591)
Greater than 12 months (862) (421)
Total (1,055) (1,012)
Due in one year or less    
Fair Value    
Less than 12 months 96 463
Greater than 12 months 593 29
Total 688 491
Gross Unrealized Depreciation    
Less than 12 months (1) (8)
Greater than 12 months (15) (4)
Total (16) (11)
Due in one year through five years    
Fair Value    
Less than 12 months 477 2,020
Greater than 12 months 2,447 936
Total 2,923 2,956
Gross Unrealized Depreciation    
Less than 12 months (20) (143)
Greater than 12 months (245) (107)
Total (265) (250)
Due in five years through ten years    
Fair Value    
Less than 12 months 584 1,162
Greater than 12 months 1,098 395
Total 1,682 1,557
Gross Unrealized Depreciation    
Less than 12 months (30) (148)
Greater than 12 months (212) (98)
Total (242) (246)
Due after ten years    
Fair Value    
Less than 12 months 816 439
Greater than 12 months 278 262
Total 1,094 701
Gross Unrealized Depreciation    
Less than 12 months (93) (50)
Greater than 12 months (58) (64)
Total (151) (114)
Asset-backed securities    
Fair Value    
Less than 12 months 747 3,120
Greater than 12 months 2,177 436
Total 2,923 3,556
Gross Unrealized Depreciation    
Less than 12 months (20) (138)
Greater than 12 months (43) (27)
Total (63) (165)
Mortgage-backed securities    
Fair Value    
Less than 12 months 640 1,318
Greater than 12 months 1,617 641
Total 2,257 1,959
Gross Unrealized Depreciation    
Less than 12 months (31) (105)
Greater than 12 months (288) (122)
Total (319) (226)
Securities where an allowance for credit loss was recorded    
Fair Value    
Less than 12 months 0 2
Greater than 12 months 0 0
Total 1 2
Gross Unrealized Depreciation    
Less than 12 months (1) (1)
Greater than 12 months (1) 0
Total $ (1) $ (1)