XML 83 R60.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($)
$ in Millions
12 Months Ended
May 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   $ 1,102 $ 926 $ 3,706
Total realized/unrealized gains (losses) included in Net earnings   7 24 181
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   11 (53) (27)
Purchases and issuances   270 338 636
Sales and settlements   (109) (117) (565)
Transfer into Level 3   46 72 66
Transfer out of Level 3   (97) (88) (352)
Sale of annuity business $ (2,719)      
Financial assets, ending balance   $ 1,230 1,102 926
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]   OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax    
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Realized gains (losses) on securities    
Fixed maturities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   $ 664 600 538
Total realized/unrealized gains (losses) included in Net earnings   (4) 0 (3)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   11 (53) (5)
Purchases and issuances   147 223 344
Sales and settlements   (70) (93) (210)
Transfer into Level 3   46 68 33
Transfer out of Level 3   (58) (81) (97)
Sale of annuity business 0      
Financial assets, ending balance   736 664 600
U.S. government agency        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   0 0 0
Total realized/unrealized gains (losses) included in Net earnings   0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0
Purchases and issuances   0 0 0
Sales and settlements   0 0 0
Transfer into Level 3   0 0 0
Transfer out of Level 3   0 0 0
Sale of annuity business 0      
Financial assets, ending balance   0 0 0
State and municipal        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   5 41 39
Total realized/unrealized gains (losses) included in Net earnings   0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 (3) 0
Purchases and issuances   0 0 0
Sales and settlements   (1) (1) (4)
Transfer into Level 3   1 4 8
Transfer out of Level 3   (3) (36) (2)
Sale of annuity business 0      
Financial assets, ending balance   2 5 41
Residential MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   9 14 38
Total realized/unrealized gains (losses) included in Net earnings   1 0 (4)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   (1) (1) 0
Purchases and issuances   0 0 6
Sales and settlements   (3) (1) (3)
Transfer into Level 3   5 7 6
Transfer out of Level 3   (9) (10) (29)
Sale of annuity business 0      
Financial assets, ending balance   2 9 14
Commercial MBS        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   0 0 2
Total realized/unrealized gains (losses) included in Net earnings   0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0
Purchases and issuances   0 0 0
Sales and settlements   0 0 0
Transfer into Level 3   0 0 0
Transfer out of Level 3   0 0 (2)
Sale of annuity business 0      
Financial assets, ending balance   0 0 0
Collateralized loan obligations        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   2 0 16
Total realized/unrealized gains (losses) included in Net earnings   (2) 0 1
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   1 0 0
Purchases and issuances   0 0 0
Sales and settlements   0 0 (2)
Transfer into Level 3   1 2 0
Transfer out of Level 3   (1) 0 (15)
Sale of annuity business 0      
Financial assets, ending balance   1 2 0
Other asset-backed securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   329 278 305
Total realized/unrealized gains (losses) included in Net earnings   1 1 1
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   6 (27) 0
Purchases and issuances   55 94 154
Sales and settlements   (39) (52) (156)
Transfer into Level 3   31 35 14
Transfer out of Level 3   (32) 0 (40)
Sale of annuity business 0      
Financial assets, ending balance   351 329 278
Corporate and other        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   319 267 138
Total realized/unrealized gains (losses) included in Net earnings   (4) (1) (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   5 (22) (5)
Purchases and issuances   92 129 184
Sales and settlements   (27) (39) (45)
Transfer into Level 3   8 20 5
Transfer out of Level 3   (13) (35) (9)
Sale of annuity business 0      
Financial assets, ending balance   380 319 267
Equity securities        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   427 313 176
Total realized/unrealized gains (losses) included in Net earnings   15 29 99
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0
Purchases and issuances   121 112 78
Sales and settlements   (39) (24) (28)
Transfer into Level 3   0 4 0
Transfer out of Level 3   (39) (7) (12)
Sale of annuity business 0      
Financial assets, ending balance   485 427 313
Assets of MIE        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance   11 13 21
Total realized/unrealized gains (losses) included in Net earnings   (4) (5) 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0
Purchases and issuances   2 3 5
Sales and settlements   0 0 0
Transfer into Level 3   0 0 1
Transfer out of Level 3   0 0 (14)
Sale of annuity business 0      
Financial assets, ending balance   $ 9 11 13
Assets of discontinued annuity operations | Annuity subsidiaries        
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Financial assets, beginning balance     $ 0 2,971
Total realized/unrealized gains (losses) included in Net earnings       85
Total realized/unrealized gains (losses) included in other comprehensive income (loss)       (22)
Purchases and issuances       209
Sales and settlements       (327)
Transfer into Level 3       32
Transfer out of Level 3       (229)
Sale of annuity business $ (2,719)      
Financial assets, ending balance       $ 0