v3.24.2
Investments (Tables)
 6 Months Ended
Jun. 30, 2024
Investments [Abstract]  
Schedule of Current and Long-Term Investments, Available-For-Sale
A summary of current and long-term fixed maturity securities, available-for-sale, at June 30, 2024 and December 31, 2023 is as follows:
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance
For Credit
Losses		Estimated
Fair Value
 
June 30, 2024
Fixed maturity securities:
United States Government securities$1,794 $4 $(85)$— $1,713 
Government sponsored securities129 1 (5)— 125 
Foreign government securities71 — (2)— 69 
States, municipalities and political subdivisions, tax-exempt3,626 45 (152)— 3,519 
Corporate securities15,953 203 (526)(2)15,628 
Residential mortgage-backed securities4,140 24 (304)— 3,860 
Commercial mortgage-backed securities1,976 9 (91)(2)1,892 
Other asset-backed securities3,012 27 (96)— 2,943 
Total fixed maturity securities$30,701 $313 $(1,261)$(4)$29,749 
December 31, 2023
Fixed maturity securities:
United States Government securities$1,873 $25 $(54)$— $1,844 
Government sponsored securities112 1 (3)— 110 
Foreign government securities5 1 (2)— 4 
States, municipalities and political subdivisions, tax-exempt3,985 69 (152)— 3,902 
Corporate securities14,838 322 (580)(2)14,578 
Residential mortgage-backed securities4,071 40 (279)— 3,832 
Commercial mortgage-backed securities2,174 13 (138)(2)2,047 
Other asset-backed securities4,278 25 (130)— 4,173 
Total fixed maturity securities$31,336 $496 $(1,338)$(4)$30,490 
Schedule of Aggregate Fair Value and Gross Unrealized Loss of Fixed Maturity Securities in an Unrealized Loss Position
For fixed maturity securities in an unrealized loss position at June 30, 2024 and December 31, 2023, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position: 
 Less than 12 Months12 Months or Greater
(Securities are whole amounts)Number of
Securities		Estimated
Fair Value		Gross
Unrealized
Loss		Number of
Securities		Estimated
Fair Value		Gross
Unrealized
Loss
June 30, 2024
Fixed maturity securities:
United States Government securities27 $914 $(28)38$503 $(57)
Government sponsored securities5 48 (1)3746 (4)
Foreign government securities
7 61 (1)24 (1)
States, municipalities and political subdivisions, tax-exempt342 742 (11)8691,469 (141)
Corporate securities1,184 4,445 (65)1,8104,654 (461)
Residential mortgage-backed securities256 1,002 (17)1,5611,998 (287)
Commercial mortgage-backed securities104 415 (7)4051,071 (84)
Other asset-backed securities127 337 (8)3551,174 (88)
Total fixed maturity securities2,052 $7,964 $(138)5,077$10,919 $(1,123)
December 31, 2023
Fixed maturity securities:
United States Government securities35 $552 $(9)44 $370 $(45)
Government sponsored securities— — — 4052 (3)
Foreign government securities
— — — 24 (2)
States, municipalities and political subdivisions, tax-exempt203354 (2)1,0341,811 (150)
Corporate securities389608 (15)2,6246,871 (565)
Residential mortgage-backed securities
183438 (5)1,6202,075 (274)
Commercial mortgage-backed securities
112353 (6)5341,317 (132)
Other asset-backed securities110394 (18)7612,342 (112)
Total fixed maturity securities1,032 $2,699 $(55)6,659$14,842 $(1,283)
Schedule of Amortized Cost and Fair Value of Fixed Maturity Securities, By Contractual Maturity
The amortized cost and fair value of fixed maturity securities at June 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations.
Amortized
Cost		Estimated
Fair Value
Due in one year or less$197 $197 
Due after one year through five years5,510 5,376 
Due after five years through ten years11,319 11,055 
Due after ten years7,559 7,369 
Mortgage-backed securities6,116 5,752 
Total fixed maturity securities$30,701 $29,749 
Summary of Marketable Equity Securitites
A summary of marketable equity securities at June 30, 2024 and December 31, 2023 is as follows:
 June 30, 2024December 31, 2023
Equity securities:
Exchange traded funds$481 $106 
Common equity securities35 45 
Private equity securities78 78 
Total$594 $229 
Schedule of Net Investment (Losses) and Gains
Net investment gains and (losses) for the three and six months ended June 30, 2024 and 2023 are as follows:
Three Months Ended 
 June 30		Six Months Ended 
 June 30
2024202320242023
Net (losses) gains:
Fixed maturity securities:
Gross realized gains from sales$17 $11 $39 $21 
Gross realized losses from sales(88)(99)(247)(214)
Impairment losses recognized in income
(3)(3)(4)(10)
Net realized losses from sales of fixed maturity securities(74)(91)(212)(203)
Equity securities:
Unrealized (losses) gains recognized on equity securities still held at the end of the period(2)2 1 (2)
Net realized gains (losses) recognized on equity securities sold during the period— 1 (1)4 
Net (losses) gains on equity securities
(2)3 — 2 
Other investments:
Gross gains3 2 10 20 
Gross losses(13)(16)(25)(9)
Impairment losses recognized in income(1)(26)(26)(29)
Net losses on other investments(11)(40)(41)(18)
Net losses on investments$(87)$(128)$(253)$(219)