v3.24.2
Investments (Details) - Allowance for Expected Credit Losses - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Allowance for expected credit losses [Roll Forward]        
Allowance for expected credit losses on fixed maturities classified as available-for-sale, balance, beginning of period     $ 5  
Allowance for expected credit losses on fixed maturities classified as available-for-sale, balance, end of period $ 1   1  
Total net impairment charges, including credit impairments, reported in net realized investment losses in the consolidated statement of income (loss) $ 0 $ 0 $ 3 $ 1
Credit losses on fixed maturities recognized in the consolidated statement of income, as a percentage of the fixed maturity portfolio on a pre-tax basis (less than) 1.00% 1.00% 1.00% 1.00%
Credit losses on fixed maturities recognized in the consolidated statement of income, as a percentage of shareholders' equity on an after-tax basis (less than) 1.00% 1.00% 1.00% 1.00%
Corporate and all other bonds [Member]        
Allowance for expected credit losses [Roll Forward]        
Allowance for expected credit losses on fixed maturities classified as available-for-sale, balance, beginning of period $ 3 $ 4 $ 5 $ 3
Additions for expected credit losses on securities where no credit losses were previously recognized 0 0 3 0
Additions for expected credit losses on securities where credit losses were previously recognized 0 0 0 1
Reductions due to sales/defaults of credit-impaired securities (2) 0 (7) 0
Reductions for impairments of securities which the Company intends to sell or more likely than not will be required to sell 0 0 0 0
Allowance for expected credit losses on fixed maturities classified as available-for-sale, balance, end of period $ 1 $ 4 $ 1 $ 4