XML 108 R55.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance $ 2,290 $ 3,521 $ 2,290 $ 1,762
Total realized/unrealized gains (losses) included in Net earnings   (10) (21) (39)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   75 (39) 17
Purchases and issuances   1,578 1,828 1,079
Sales and settlements   (565) (482) (437)
Transfer into Level 3   244 270 289
Transfer out of Level 3   (1,002) (325) (381)
Financial assets, Ending Balance   3,841 3,521 2,290
Fixed maturities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 2,102 3,164 2,102 1,559
Total realized/unrealized gains (losses) included in Net earnings   0 (22) (7)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   75 (39) 7
Purchases and issuances   1,525 1,667 1,032
Sales and settlements   (563) (476) (421)
Transfer into Level 3   188 240 289
Transfer out of Level 3   (1,002) (308) (357)
Financial assets, Ending Balance   3,387 3,164 2,102
U.S. government agency        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 8 9 8 8
Total realized/unrealized gains (losses) included in Net earnings   0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   7 0 0
Purchases and issuances   0 0 0
Sales and settlements   (1) 0 0
Transfer into Level 3   0 1 0
Transfer out of Level 3   0 0 0
Financial assets, Ending Balance   15 9 8
State and municipal        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 148 59 148 140
Total realized/unrealized gains (losses) included in Net earnings   0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   5 (2) 2
Purchases and issuances   0 0 0
Sales and settlements   (3) (3) (2)
Transfer into Level 3   55 0 10
Transfer out of Level 3   (11) (84) (2)
Financial assets, Ending Balance   105 59 148
Residential MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 122 197 122 190
Total realized/unrealized gains (losses) included in Net earnings   6 (9) (4)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   (3) (4) 2
Purchases and issuances   0 0 1
Sales and settlements   (20) (21) (40)
Transfer into Level 3   48 130 44
Transfer out of Level 3   (55) (21) (71)
Financial assets, Ending Balance   173 197 122
Commercial MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 36 56 36 25
Total realized/unrealized gains (losses) included in Net earnings   2 0 2
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0
Purchases and issuances   0 20 15
Sales and settlements   (12) 0 (10)
Transfer into Level 3   4 0 4
Transfer out of Level 3   (15) 0 0
Financial assets, Ending Balance   35 56 36
Collateralized loan obligations        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 200 116 200 174
Total realized/unrealized gains (losses) included in Net earnings   (5) (3) (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   5 (13) (1)
Purchases and issuances   0 35 55
Sales and settlements   0 (20) (27)
Transfer into Level 3   28 3 0
Transfer out of Level 3   (129) (86) 0
Financial assets, Ending Balance   15 116 200
Other asset-backed securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 544 731 544 310
Total realized/unrealized gains (losses) included in Net earnings   0 0 1
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   6 (2) 2
Purchases and issuances   787 391 355
Sales and settlements   (192) (228) (105)
Transfer into Level 3   23 79 202
Transfer out of Level 3   (69) (53) (221)
Financial assets, Ending Balance   1,286 731 544
Corporate and other        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 1,044 1,996 1,044 712
Total realized/unrealized gains (losses) included in Net earnings   (3) (10) (5)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   55 (18) 2
Purchases and issuances   738 1,221 606
Sales and settlements   (335) (204) (237)
Transfer into Level 3   30 27 29
Transfer out of Level 3   (723) (64) (63)
Financial assets, Ending Balance   1,758 1,996 1,044
Equity securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 165 336 165 174
Total realized/unrealized gains (losses) included in Net earnings   (5) 9 (21)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 10
Purchases and issuances   52 155 38
Sales and settlements   (2) (6) (16)
Transfer into Level 3 29 56 30 0
Transfer out of Level 3   0 (17) (20)
Financial assets, Ending Balance   437 336 165
Assets of MIE        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance $ 23 21 23 29
Total realized/unrealized gains (losses) included in Net earnings   (5) (8) (11)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0
Purchases and issuances   1 6 9
Sales and settlements   0 0 0
Transfer into Level 3   0 0 0
Transfer out of Level 3   0 0 (4)
Financial assets, Ending Balance   $ 17 $ 21 $ 23