Fair Value Measurements - Gross components of purchases, sales, issuances and settlements (Details) - USD ($) $ in Millions |
3 Months Ended |
6 Months Ended |
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
$ 2,885
|
$ 715
|
$ 5,400
|
$ 1,921
|
| Sales |
(109)
|
(63)
|
(194)
|
(69)
|
| Issuances and Settlements |
(1,095)
|
(403)
|
(1,984)
|
(768)
|
| Purchases, Sales, Issuances and Settlements, Net |
1,681
|
249
|
3,222
|
1,084
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Liabilities [Abstract] |
|
|
|
|
| Purchases |
1
|
(100)
|
0
|
(201)
|
| Sales |
392
|
402
|
724
|
728
|
| Issuances and Settlements |
(516)
|
(336)
|
(744)
|
(1,027)
|
| Purchases, Sales, Issuances and Settlements, Net |
(123)
|
(34)
|
(20)
|
(500)
|
| Policyholder contract deposits |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Liabilities [Abstract] |
|
|
|
|
| Purchases |
0
|
0
|
0
|
0
|
| Sales |
392
|
402
|
724
|
728
|
| Issuances and Settlements |
(178)
|
(82)
|
(354)
|
(92)
|
| Purchases, Sales, Issuances and Settlements, Net |
214
|
320
|
370
|
636
|
| Derivative liabilities, net |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Liabilities [Abstract] |
|
|
|
|
| Purchases |
1
|
(100)
|
0
|
(201)
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
(76)
|
(55)
|
(179)
|
(223)
|
| Purchases, Sales, Issuances and Settlements, Net |
(75)
|
(155)
|
(179)
|
(424)
|
| Fortitude Re funds withheld payable |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Liabilities [Abstract] |
|
|
|
|
| Purchases |
0
|
0
|
0
|
0
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
(262)
|
(192)
|
(211)
|
(705)
|
| Purchases, Sales, Issuances and Settlements, Net |
(262)
|
(192)
|
(211)
|
(705)
|
| Debt of consolidated investment entities |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Liabilities [Abstract] |
|
|
|
|
| Purchases |
|
0
|
|
0
|
| Sales |
|
0
|
|
0
|
| Issuances and Settlements |
|
(7)
|
|
(7)
|
| Purchases, Sales, Issuances and Settlements, Net |
|
(7)
|
|
(7)
|
| Bonds available-for-sale |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
2,605
|
483
|
5,028
|
1,555
|
| Sales |
(107)
|
(63)
|
(192)
|
(69)
|
| Issuances and Settlements |
(1,018)
|
(306)
|
(1,755)
|
(543)
|
| Purchases, Sales, Issuances and Settlements, Net |
1,480
|
114
|
3,081
|
943
|
| Bonds available-for-sale | Obligations of states, municipalities and political subdivisions |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
0
|
0
|
0
|
0
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
0
|
(1)
|
(1)
|
(3)
|
| Purchases, Sales, Issuances and Settlements, Net |
0
|
(1)
|
(1)
|
(3)
|
| Bonds available-for-sale | Corporate debt |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
54
|
2
|
69
|
30
|
| Sales |
(8)
|
0
|
(8)
|
0
|
| Issuances and Settlements |
(125)
|
(43)
|
(131)
|
(57)
|
| Purchases, Sales, Issuances and Settlements, Net |
(79)
|
(41)
|
(70)
|
(27)
|
| Bonds available-for-sale | RMBS |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
465
|
64
|
1,039
|
231
|
| Sales |
(49)
|
(42)
|
(49)
|
(42)
|
| Issuances and Settlements |
(208)
|
(196)
|
(378)
|
(371)
|
| Purchases, Sales, Issuances and Settlements, Net |
208
|
(174)
|
612
|
(182)
|
| Bonds available-for-sale | CMBS |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
9
|
0
|
9
|
9
|
| Sales |
0
|
(21)
|
(30)
|
(27)
|
| Issuances and Settlements |
(33)
|
(19)
|
(106)
|
(22)
|
| Purchases, Sales, Issuances and Settlements, Net |
(24)
|
(40)
|
(127)
|
(40)
|
| Bonds available-for-sale | CLO |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
90
|
72
|
220
|
82
|
| Sales |
0
|
0
|
(2)
|
0
|
| Issuances and Settlements |
(33)
|
(138)
|
(140)
|
(127)
|
| Purchases, Sales, Issuances and Settlements, Net |
57
|
(66)
|
78
|
(45)
|
| Bonds available-for-sale | ABS |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
1,987
|
345
|
3,691
|
1,203
|
| Sales |
(50)
|
0
|
(103)
|
0
|
| Issuances and Settlements |
(619)
|
91
|
(999)
|
37
|
| Purchases, Sales, Issuances and Settlements, Net |
1,318
|
436
|
2,589
|
1,240
|
| Other bond securities |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
246
|
150
|
276
|
190
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
(38)
|
(95)
|
(98)
|
(212)
|
| Purchases, Sales, Issuances and Settlements, Net |
208
|
55
|
178
|
(22)
|
| Other bond securities | Obligations of states, municipalities and political subdivisions |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
0
|
2
|
0
|
3
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
0
|
0
|
0
|
0
|
| Purchases, Sales, Issuances and Settlements, Net |
0
|
2
|
0
|
3
|
| Other bond securities | Corporate debt |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
10
|
67
|
10
|
67
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
0
|
(87)
|
0
|
(183)
|
| Purchases, Sales, Issuances and Settlements, Net |
10
|
(20)
|
10
|
(116)
|
| Other bond securities | RMBS |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
0
|
0
|
0
|
6
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
(3)
|
(4)
|
(6)
|
(7)
|
| Purchases, Sales, Issuances and Settlements, Net |
(3)
|
(4)
|
(6)
|
(1)
|
| Other bond securities | CMBS |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
0
|
0
|
0
|
0
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
0
|
0
|
0
|
0
|
| Purchases, Sales, Issuances and Settlements, Net |
0
|
0
|
0
|
0
|
| Other bond securities | CLO |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
8
|
0
|
9
|
1
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
(16)
|
(47)
|
(16)
|
(47)
|
| Purchases, Sales, Issuances and Settlements, Net |
(8)
|
(47)
|
(7)
|
(46)
|
| Other bond securities | ABS |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
228
|
81
|
257
|
113
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
(19)
|
43
|
(76)
|
25
|
| Purchases, Sales, Issuances and Settlements, Net |
209
|
124
|
181
|
138
|
| Equity securities |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
7
|
1
|
7
|
25
|
| Sales |
(2)
|
0
|
(2)
|
0
|
| Issuances and Settlements |
0
|
0
|
0
|
0
|
| Purchases, Sales, Issuances and Settlements, Net |
5
|
1
|
5
|
25
|
| Other invested assets |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Assets [Abstract] |
|
|
|
|
| Purchases |
27
|
81
|
89
|
151
|
| Sales |
0
|
0
|
0
|
0
|
| Issuances and Settlements |
(39)
|
(2)
|
(131)
|
(13)
|
| Purchases, Sales, Issuances and Settlements, Net |
$ (12)
|
$ 79
|
$ (42)
|
$ 138
|