XML 54 R42.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance $ 3,513 $ 3,685 $ 3,841 $ 3,521
Total realized/unrealized gains (losses) included in Net income (2) 4 (45) 8
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 72 25 24 64
Purchases and issuances 263 265 465 773
Sales and settlements (50) (187) (273) (398)
Transfer into Level 3 156 41 351 57
Transfer out of Level 3 (112) (727) (523) (919)
Financial assets, Ending Balance 3,840 3,106 3,840 3,106
Fixed maturities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 3,061 3,311 3,387 3,164
Total realized/unrealized gains (losses) included in Net income 0 6 (18) 10
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 72 25 24 64
Purchases and issuances 246 246 442 753
Sales and settlements (50) (186) (273) (397)
Transfer into Level 3 154 35 332 35
Transfer out of Level 3 (112) (727) (523) (919)
Financial assets, Ending Balance 3,371 2,710 3,371 2,710
U.S. government agency        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 15 8 15 9
Total realized/unrealized gains (losses) included in Net income 1 0 2 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) (1) 0 (2) 0
Purchases and issuances 0 0 0 0
Sales and settlements 0 0 0 (1)
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 0 0 0
Financial assets, Ending Balance 15 8 15 8
State and municipal        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 105 63 105 59
Total realized/unrealized gains (losses) included in Net income 0 0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 5 2 6 7
Purchases and issuances 0 0 0 0
Sales and settlements (1) (1) (2) (2)
Transfer into Level 3 0 18 0 18
Transfer out of Level 3 (2) 0 (2) 0
Financial assets, Ending Balance 107 82 107 82
Residential MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 163 169 173 197
Total realized/unrealized gains (losses) included in Net income 0 4 5 9
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 4 0 (8) (5)
Purchases and issuances 0 0 0 0
Sales and settlements (4) (4) (9) (10)
Transfer into Level 3 0 2 2 2
Transfer out of Level 3 (7) (32) (7) (54)
Financial assets, Ending Balance 156 139 156 139
Commercial MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 32 55 35 56
Total realized/unrealized gains (losses) included in Net income 1 2 1 2
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases and issuances 0 0 0 0
Sales and settlements 0 (2) (3) (3)
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 (5) 0 (5)
Financial assets, Ending Balance 33 50 33 50
Collateralized loan obligations        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 168 37 15 116
Total realized/unrealized gains (losses) included in Net income (3) 0 (10) (3)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 13 0 15 6
Purchases and issuances 0 0 0 0
Sales and settlements 0 0 0 0
Transfer into Level 3 29 13 187 13
Transfer out of Level 3 0 0 0 (82)
Financial assets, Ending Balance 207 50 207 50
Other asset-backed securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 1,030 633 1,286 731
Total realized/unrealized gains (losses) included in Net income 0 0 (14) 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 4 3 (7) 5
Purchases and issuances 198 17 275 92
Sales and settlements (25) (18) (203) (132)
Transfer into Level 3 121 0 134 0
Transfer out of Level 3 0 (268) (143) (329)
Financial assets, Ending Balance 1,328 367 1,328 367
Corporate and other        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 1,548 2,346 1,758 1,996
Total realized/unrealized gains (losses) included in Net income 1 0 (2) 2
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 47 20 20 51
Purchases and issuances 48 229 167 661
Sales and settlements (20) (161) (56) (249)
Transfer into Level 3 4 2 9 2
Transfer out of Level 3 (103) (422) (371) (449)
Financial assets, Ending Balance 1,525 2,014 1,525 2,014
Equity securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 436 354 437 336
Total realized/unrealized gains (losses) included in Net income (1) (1) (25) 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases and issuances 17 19 23 20
Sales and settlements 0 (1) 0 (1)
Transfer into Level 3 0 6 17 22
Transfer out of Level 3 0 0 0 0
Financial assets, Ending Balance 452 377 452 377
Assets of MIE        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, Beginning Balance 16 20 17 21
Total realized/unrealized gains (losses) included in Net income (1) (1) (2) (2)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases and issuances 0 0 0 0
Sales and settlements 0 0 0 0
Transfer into Level 3 2 0 2 0
Transfer out of Level 3 0 0 0 0
Financial assets, Ending Balance $ 17 $ 19 $ 17 $ 19