v3.24.2
Investments (Details) - Investment Information, Debt Securities - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Investment disclosure details            
Fixed maturities, amortized cost $ 84,231     $ 81,781    
Allowance for expected credit losses 1     5    
Gross unrealized gains 181     471    
Gross unrealized losses 5,223     4,440    
Fixed maturities, at fair value 79,188     77,807    
Proceeds from sales of fixed maturities classified as available for sale 1,250 $ 3,115        
Gross realized gains 2 19        
Gross realized losses 41 51        
Realized losses resulting from the early redemption of fixed maturities by the issuer prior to the bonds' maturity date 33 0        
U.S. Treasury securities and obligations of U.S. government and government agencies and authorities [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 6,183     6,591    
Allowance for expected credit losses 0     0    
Gross unrealized gains 0     8    
Gross unrealized losses 243     231    
Fixed maturities, at fair value 5,940     6,368    
Obligations of U.S. states, municipalities and political subdivisions [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 29,639     30,294    
Allowance for expected credit losses 0     0    
Gross unrealized gains 54     154    
Gross unrealized losses 2,437     1,942    
Fixed maturities, at fair value 27,256     28,506    
Obligations of U.S. states, municipalities and political subdivisions, local general obligation [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 18,280     18,374    
Allowance for expected credit losses 0     0    
Gross unrealized gains 29     90    
Gross unrealized losses 1,619     1,265    
Fixed maturities, at fair value 16,690     17,199    
Obligations of U.S. states, municipalities and political subdivisions, revenue [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 9,216     9,748    
Allowance for expected credit losses 0     0    
Gross unrealized gains 21     52    
Gross unrealized losses 736     616    
Fixed maturities, at fair value 8,501     9,184    
Obligations of U.S. states, municipalities and political subdivisions, state general obligation [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 1,166     1,209    
Allowance for expected credit losses 0     0    
Gross unrealized gains 2     7    
Gross unrealized losses 78     59    
Fixed maturities, at fair value 1,090     1,157    
Obligations of U.S. states, municipalities and political subdivisions, pre-refunded [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 977     963    
Allowance for expected credit losses 0     0    
Gross unrealized gains 2     5    
Gross unrealized losses 4     2    
Fixed maturities, at fair value 975     966    
Debt securities issued by foreign governments [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 907     1,035    
Allowance for expected credit losses 0     0    
Gross unrealized gains 0     2    
Gross unrealized losses 27     31    
Fixed maturities, at fair value 880     1,006    
Mortgage-backed securities, collateralized mortgage obligations and pass-through securities [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 10,412     7,874    
Allowance for expected credit losses 0     0    
Gross unrealized gains 51     120    
Gross unrealized losses 262     176    
Fixed maturities, at fair value 10,201     7,818    
Corporate and all other bonds [Member]            
Investment disclosure details            
Fixed maturities, amortized cost 37,090     35,987    
Allowance for expected credit losses 1 $ 4 $ 3 5 $ 4 $ 3
Gross unrealized gains 76     187    
Gross unrealized losses 2,254     2,060    
Fixed maturities, at fair value $ 34,911     $ 34,109