2022 Q3 Form 10-Q Financial Statement

#000127381322000035 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $41.00M $90.00M $266.0M
YoY Change -80.66% -54.08% -8.9%
Cost Of Revenue -$75.00M -$11.00M
YoY Change 10.29% -31.25%
Gross Profit $116.0M $101.0M
YoY Change -58.57% -52.36%
Gross Profit Margin 282.93% 112.22%
Selling, General & Admin $57.00M $59.00M $57.00M
YoY Change -3.39% 9.26% -6.56%
% of Gross Profit 49.14% 58.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.000M $3.000M
YoY Change 33.33% -25.0%
% of Gross Profit 3.45% 2.97%
Operating Expenses $7.000M $71.00M -$84.00M
YoY Change -41.67% 16.39% -146.93%
Operating Profit $109.0M $30.00M
YoY Change -59.33% -80.13%
Interest Expense $20.00M $20.00M -$10.00M
YoY Change -13.04% -13.04% -115.87%
% of Operating Profit 18.35% 66.67%
Other Income/Expense, Net
YoY Change
Pretax Income -$22.00M -$22.00M $332.0M
YoY Change -540.0% -117.6% 90.8%
Income Tax -$27.00M $3.000M $50.00M
% Of Pretax Income 15.06%
Net Earnings $11.00M -$47.00M $263.0M
YoY Change -35.29% -147.96% 77.7%
Net Earnings / Revenue 26.83% -52.22% 98.87%
Basic Earnings Per Share $0.18 -$0.74
Diluted Earnings Per Share $0.18 -$0.74 $3.752M
COMMON SHARES
Basic Shares Outstanding 61.94M shares 63.80M shares 69.85M shares
Diluted Shares Outstanding 62.90M shares 63.80M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $271.0M $263.0M $342.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $117.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $13.82B $13.95B $14.88B
YoY Change -1.23% 1.91% 26.62%
Other Assets $1.000M $0.00 $2.000M
YoY Change 0.0% -100.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $16.66B $16.96B $18.21B
YoY Change -5.42% -1.54% 18.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.675B $1.674B $1.673B
YoY Change 0.24% -2.67% 36.68%
Other Long-Term Liabilities $5.333B $5.417B $5.450B
YoY Change 9.96% 30.06% 111.08%
Total Long-Term Liabilities $7.008B $7.091B $7.123B
YoY Change 7.47% 20.49% 87.15%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $7.008B $7.091B $7.123B
Total Liabilities $11.49B $11.39B $11.71B
YoY Change 2.39% 6.94% 35.68%
SHAREHOLDERS EQUITY
Retained Earnings $5.579B $5.672B $5.990B
YoY Change -5.82% -6.34% -2.49%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.929B $5.304B $6.292B
YoY Change
Total Liabilities & Shareholders Equity $16.66B $16.96B $18.21B
YoY Change -5.42% -1.54% 18.74%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $11.00M -$47.00M $263.0M
YoY Change -35.29% -147.96% 77.7%
Depreciation, Depletion And Amortization $4.000M $3.000M
YoY Change 33.33% -25.0%
Cash From Operating Activities -$54.00M -$902.0M -$145.0M
YoY Change -93.59% 86.75% -23.28%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $70.00M $208.0M -$146.0M
YoY Change -83.53% -154.59% 23.73%
Cash From Investing Activities $70.00M $208.0M -$146.0M
YoY Change -83.53% -154.59% 23.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.000M 669.0M 394.0M
YoY Change -101.1% -17.81% 102.05%
NET CHANGE
Cash From Operating Activities -54.00M -902.0M -145.0M
Cash From Investing Activities 70.00M 208.0M -146.0M
Cash From Financing Activities -4.000M 669.0M 394.0M
Net Change In Cash 12.00M -25.00M 103.0M
YoY Change -121.82% -50.0% -191.96%
FREE CASH FLOW
Cash From Operating Activities -$54.00M -$902.0M -$145.0M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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GuarantorObligationsNetExpectedLossDevelopmentAfterRecoveriesforRepresentationsandWarrantiesChangesInDiscountRates
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CY2022Q2 ago Guarantor Obligations Net Expected Loss Development After Recoveriesfor Representationsand Warranties
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CY2021Q2 ago Guarantor Obligations Net Expected Loss Development After Recoveriesfor Representationsand Warranties
GuarantorObligationsNetExpectedLossDevelopmentAfterRecoveriesforRepresentationsandWarranties
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GuarantorObligationsNetExpectedLossDevelopmentAfterRecoveriesforRepresentationsandWarranties
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CY2021Q2 ago Guarantor Obligations Net Expected Losstobe Paid After Recoveriesfor Representationsand Warranties
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CY2022Q2 ago Guarantor Obligations Net Expected Losstobe Paid After Recoveriesfor Representationsand Warranties
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CY2021Q2 ago Guarantor Obligations Net Expected Losstobe Paid After Recoveriesfor Representationsand Warranties
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CY2022Q1 ago Guarantor Obligations Net Expected Losstobe Paid After Recoveriesfor Representationsand Warranties
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CY2022Q2 ago Guarantor Obligations Net Expected Loss Development After Recoveriesfor Representationsand Warranties
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CY2021Q1 ago Guarantor Obligations Net Expected Losstobe Paid After Recoveriesfor Representationsand Warranties
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CY2021Q2 ago Guarantor Obligations Net Expected Loss Development After Recoveriesfor Representationsand Warranties
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CY2021Q2 ago Guarantor Obligations Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid After Recoveriesfor Representationsand Warranties
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CY2021Q4 ago Guarantor Obligations Net Expected Losstobe Paid After Recoveriesfor Representationsand Warranties
GuarantorObligationsNetExpectedLosstobePaidAfterRecoveriesforRepresentationsandWarranties
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CY2022Q2 ago Guarantor Obligations Net Expected Losstobe Paid After Recoveriesfor Representationsand Warranties
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GuarantorObligationsNetExpectedLosstobePaidAfterRecoveriesforRepresentationsandWarranties
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CY2021Q2 ago Insured Financial Obligations Liabilityfor Unpaid Claims Adjustment Expense Claims Paid
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CY2022Q2 ago Expected Loss Adjustment Expense To Be Paid
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CY2021Q4 ago Expected Loss Adjustment Expense To Be Paid
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70000000 usd
CY2021Q2 ago Financial Guarantee Insurance Contracts Scheduled Net Earned Premiums
FinancialGuaranteeInsuranceContractsScheduledNetEarnedPremiums
80000000 usd
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CY2021Q2 us-gaap Financial Guarantee Insurance Contracts Accelerated Premium Revenue Amount
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us-gaap Financial Guarantee Insurance Contracts Accelerated Premium Revenue Amount
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CY2021Q2 ago Financial Guarantee Insurance Contracts Net Premiums Receivable Adjustment Accretionof Discounton Net Premium Receivable
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CY2021Q2 ago Financial Guarantee Insurance Contracts Premiums Earned Net
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CY2021Q2 ago Premiums Earned Net Specialty Insuranceand Reinsurance
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CY2022Q2 us-gaap Premiums Earned Net
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us-gaap Premiums Earned Net
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us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
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CY2021Q2 us-gaap Financial Guarantee Insurance Contracts Premium Receivable
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CY2022Q2 us-gaap Liability For Claims And Claims Adjustment Expense
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CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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CY2022Q2 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
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CY2022Q2 us-gaap Salvage And Subrogation Recoveries Value
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CededSalvageAndSubrogationRecoveriesValue
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CY2021Q4 ago Ceded Salvage And Subrogation Recoveries Value
CededSalvageAndSubrogationRecoveriesValue
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CY2022Q2 ago Reservefor Lossesand Loss Adjustment Expenses Netof Reinsuranceand Salvageand Subrogation Including Other Recoverables
ReserveforLossesandLossAdjustmentExpensesNetofReinsuranceandSalvageandSubrogationIncludingOtherRecoverables
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CY2021Q4 ago Reservefor Lossesand Loss Adjustment Expenses Netof Reinsuranceand Salvageand Subrogation Including Other Recoverables
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CY2022Q2 ago Liabilityfor Unpaid Claimsand Claims Adjustment Expense Netof Reinsuranceand Salvage Subrogationand Other Recoveries
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseNetofReinsuranceandSalvageSubrogationandOtherRecoveries
212000000 usd
CY2021Q4 ago Liabilityfor Unpaid Claimsand Claims Adjustment Expense Netof Reinsuranceand Salvage Subrogationand Other Recoveries
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseNetofReinsuranceandSalvageSubrogationandOtherRecoveries
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CY2022Q2 ago Scheduleof Insured Financial Obligationswith Credit Deterioration Reductionsof Gross Claim Liability Netof Reinsurance Recoverable Discount
ScheduleofInsuredFinancialObligationswithCreditDeteriorationReductionsofGrossClaimLiabilityNetofReinsuranceRecoverableDiscount
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CY2022Q2 ago Financial Guarantee Insurance Contracts Net Losstobe Expensed Undiscounted
FinancialGuaranteeInsuranceContractsNetLosstobeExpensedUndiscounted
428000000 usd
CY2022Q2 ago Expected Losson Credit Derivativeto Be Paid Recovered Including Representationand Warranty Liability Benefit
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CY2022Q2 ago Financial Guarantee Insurance Contracts Future Expected Net Losstobe Expensed During Third Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedNetLosstobeExpensedDuringThirdQuarterFollowingBalanceSheetDate
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FinancialGuaranteeInsuranceContractsFutureExpectedNetLossToBeExpensedDuringFourthQuarterFollowingBalanceSheetDate
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CY2022Q2 ago Financial Guarantee Insurance Contracts Future Expected Net Loss To Be Expensed During Remainder Of Fiscal Year Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedNetLossToBeExpensedDuringRemainderOfFiscalYearFollowingBalanceSheetDate
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CY2022Q2 ago Financial Guarantee Insurance Contracts Future Expected Net Loss To Be Expensed In First Full Fiscal Year
FinancialGuaranteeInsuranceContractsFutureExpectedNetLossToBeExpensedInFirstFullFiscalYear
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FinancialGuaranteeInsuranceContractsFutureExpectedNetLosstobeExpensedinSecondFullFiscalYear
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FinancialGuaranteeInsuranceContractsFutureExpectedNetLosstobeExpensedinThirdFullFiscalYear
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FinancialGuaranteeInsuranceContractsFutureExpectedNetLosstobeExpensedinFourthFullFiscalYear
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CY2022Q2 ago Financial Guarantee Insurance Contracts Future Expected Net Loss To Be Expensed More Than Four And Within9 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedNetLossToBeExpensedMoreThanFourAndWithin9YearsFromBalanceSheetDate
72000000 usd
CY2022Q2 ago Financial Guarantee Insurance Contracts Future Expected Net Loss To Be Expensed More Than9 And Within14 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedNetLossToBeExpensedMoreThan9AndWithin14YearsFromBalanceSheetDate
48000000 usd
CY2022Q2 ago Financial Guarantee Insurance Contracts Future Expected Net Loss To Be Expensed More Than14 And Within19 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedNetLossToBeExpensedMoreThan14AndWithin19YearsFromBalanceSheetDate
10000000 usd
CY2022Q2 ago Financial Guarantee Insurance Contracts Future Expected Net Loss To Be Expensed Beyond Nineteenth Fiscal Year From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedNetLossToBeExpensedBeyondNineteenthFiscalYearFromBalanceSheetDate
3000000 usd
CY2022Q2 ago Financial Guarantee Insurance Contracts Net Losstobe Expensed Present Value
FinancialGuaranteeInsuranceContractsNetLosstobeExpensedPresentValue
212000000 usd
CY2022Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
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CY2021Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
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us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
46000000 usd
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
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us-gaap Average Term Of Credit Risk Derivatives1
AverageTermOfCreditRiskDerivatives1
P13Y3M18D
CY2021 us-gaap Average Term Of Credit Risk Derivatives1
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P13Y2M12D
CY2022Q2 ago Financial Guaranty Contracts Accountedforas Credit Derivatives Outstanding Principal Amount
FinancialGuarantyContractsAccountedforasCreditDerivativesOutstandingPrincipalAmount
3301000000 usd
CY2022Q2 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
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CY2021Q4 ago Financial Guaranty Contracts Accountedforas Credit Derivatives Outstanding Principal Amount
FinancialGuarantyContractsAccountedforasCreditDerivativesOutstandingPrincipalAmount
4040000000 usd
CY2021Q4 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
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CY2021Q4 ago Expected Losson Credit Derivativeto Be Paid Recovered Including Representationand Warranty Liability Benefit
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CY2022Q2 ago Credit Derivative Realized Gain Lossand Other Settlements
CreditDerivativeRealizedGainLossandOtherSettlements
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CY2021Q2 ago Credit Derivative Realized Gain Lossand Other Settlements
CreditDerivativeRealizedGainLossandOtherSettlements
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CreditDerivativeRealizedGainLossandOtherSettlements
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CreditDerivativeRealizedGainLossandOtherSettlements
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UnrealizedGainLossOnDerivatives
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UnrealizedGainLossOnDerivatives
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
9000000 usd
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
141000000 usd
CY2022Q2 ago Credit Risk Derivatives At Fair Value Before Effect Of Credit Spread Net
CreditRiskDerivativesAtFairValueBeforeEffectOfCreditSpreadNet
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CY2021Q4 ago Credit Risk Derivatives At Fair Value Before Effect Of Credit Spread Net
CreditRiskDerivativesAtFairValueBeforeEffectOfCreditSpreadNet
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CY2022Q2 us-gaap Derivative Credit Risk Valuation Adjustment Derivative Liabilities
DerivativeCreditRiskValuationAdjustmentDerivativeLiabilities
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CY2021Q4 us-gaap Derivative Credit Risk Valuation Adjustment Derivative Liabilities
DerivativeCreditRiskValuationAdjustmentDerivativeLiabilities
71000000 usd
CY2022Q2 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
-147000000 usd
CY2021Q4 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
-154000000 usd
ago Numberof Outside Managers Managing Investment Portfolio
NumberofOutsideManagersManagingInvestmentPortfolio
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CY2022Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
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CY2021Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
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CY2022Q2 us-gaap Short Term Investments
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CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
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CY2022Q2 us-gaap Investments
Investments
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CY2021Q4 us-gaap Investments
Investments
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AccruedInvestmentIncomeReceivable
74000000 usd
CY2021Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
69000000 usd
CY2022Q2 ago Percentageof Availableforsale Securitiesat Amortized Cost
PercentageofAvailableforsaleSecuritiesatAmortizedCost
1
CY2022Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
7803000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
51000000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
88000000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
444000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
7396000000 usd
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CY2021Q4 ago Percentageof Availableforsale Securitiesat Amortized Cost
PercentageofAvailableforsaleSecuritiesatAmortizedCost
1
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
7822000000 usd
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DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
42000000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
478000000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
56000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
8202000000 usd
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AccumulatedOtherComprehensiveIncomeLossOtherthanTemporaryImpairmentNotCreditLossBeforeTaxDebtSecuritiesTotal
-30000000 usd
CY2021Q4 ago Government Agency Obligations As Percentage Of Total Mortgage Backed Securities
GovernmentAgencyObligationsAsPercentageOfTotalMortgageBackedSecurities
0.31
CY2022Q2 ago Government Agency Obligations As Percentage Of Total Mortgage Backed Securities
GovernmentAgencyObligationsAsPercentageOfTotalMortgageBackedSecurities
0.31
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
3794000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
268000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
267000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
44000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
4061000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
312000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
1353 security
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
115 security
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
1455 security
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
804000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
17000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
120000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
9000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
924000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
26000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
355 security
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
60 security
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
410 security
CY2022Q2 ago Available For Sale Securities Continuous Unrealized Loss Position Greater Than10 Percent Of Book Value Twelve Months Or Longer Number
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionGreaterThan10PercentOfBookValueTwelveMonthsOrLongerNumber
435 security
CY2021Q4 ago Available For Sale Securities Continuous Unrealized Loss Position Greater Than10 Percent Of Book Value Twelve Months Or Longer Number
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionGreaterThan10PercentOfBookValueTwelveMonthsOrLongerNumber
23 security
CY2022Q2 ago Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Greater Than10 Percent Book Value Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerGreaterThan10PercentBookValueAggregateLosses
211000000 usd
CY2021Q4 ago Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Greater Than10 Percent Book Value Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerGreaterThan10PercentBookValueAggregateLosses
6000000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
186000000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
184000000 usd
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1902000000 usd
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AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
1815000000 usd
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AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
1739000000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
1656000000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
3254000000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
3074000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
7803000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
7396000000 usd
CY2022Q2 us-gaap Assets Held In Trust
AssetsHeldInTrust
217000000 usd
CY2021Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
243000000 usd
CY2022Q2 us-gaap Interest And Dividend Income Operating
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64000000 usd
CY2021Q2 us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
127000000 usd
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InvestmentIncomeInvestmentExpense
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CY2021Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
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us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
3000000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
3000000 usd
CY2022Q2 us-gaap Net Investment Income
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62000000 usd
CY2021Q2 us-gaap Net Investment Income
NetInvestmentIncome
68000000 usd
us-gaap Net Investment Income
NetInvestmentIncome
124000000 usd
us-gaap Net Investment Income
NetInvestmentIncome
138000000 usd
CY2022Q2 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-18000000 usd
CY2021Q2 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
0 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
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us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
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CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
34000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
43000000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
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DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff
4000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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CY2021Q2 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1000000 usd
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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CY2022Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
21000000 usd
CY2021Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
23000000 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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CY2021Q4 ago Variable Interest Entity Other Consolidated Carrying Amount Assets
VariableInterestEntityOtherConsolidatedCarryingAmountAssets
96000000 usd
CY2021Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff
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us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff
9000000 usd
us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff
4000000 usd
CY2022Q2 ago Net Realized Investment Gains Losses
NetRealizedInvestmentGainsLosses
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CY2021Q2 ago Net Realized Investment Gains Losses
NetRealizedInvestmentGainsLosses
2000000 usd
ago Net Realized Investment Gains Losses
NetRealizedInvestmentGainsLosses
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ago Net Realized Investment Gains Losses
NetRealizedInvestmentGainsLosses
3000000 usd
CY2022Q2 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
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CY2021Q2 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
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us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
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us-gaap Debt Securities Realized Gain Loss
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CY2022Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
296000000 usd
CY2021Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
226000000 usd
us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
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CY2022Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Securities Sold
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DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
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CY2021Q1 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
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CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
42000000 usd
CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
78000000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
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CY2021Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
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us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
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us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
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CY2022Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
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CY2021Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
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