XML 49 R76.htm IDEA: XBRL DOCUMENT v3.20.1
Derivatives (Effects on the Consolidated Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net $ 4,201,000,000 $ 115,000,000
Net Investment Income 3,061,000,000 4,908,000,000
Gain (Loss) on Investments (288,000,000) 15,000,000
Policyholder Benefits and Claims Incurred, Net 9,022,000,000 9,072,000,000
Policyholder Account Balance, Interest Expense 80,000,000 1,961,000,000
Operating Expenses 3,273,000,000 3,225,000,000
Nonperformance Risk [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net 185,000,000 (62,000,000)
Fair Value Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 1,000,000 (1,000,000)
Gain (Loss) on Investments (18,000,000) (18,000,000)
Policyholder Benefits and Claims Incurred, Net 5,000,000 (1,000,000)
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 6,000,000 3,000,000
Gain (Loss) on Investments 8,000,000 (15,000,000)
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 1,000,000 1,000,000
Other Comprehensive Income (Loss), before Tax 4,125,000,000 (13,000,000)
Net Investment Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), before Tax 108,000,000 (6,000,000)
Foreign Exchange Forward [Member] | Net Investment Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), before Tax   (6,000,000)
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), before Tax 110,000,000  
Interest Rate Contract | Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 6,000,000 5,000,000
Gain (Loss) on Investments 6,000,000 (6,000,000)
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 1,000,000 1,000,000
Other Comprehensive Income (Loss), before Tax (13,000,000) 0
Credit forwards [Member] | Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 0 0
Gain (Loss) on Investments 0 1,000,000
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Other Comprehensive Income (Loss), before Tax 0 (1,000,000)
Currency Swap [Member] | Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 0 (2,000,000)
Gain (Loss) on Investments (451,000,000) 25,000,000
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Other Comprehensive Income (Loss), before Tax 451,000,000 (23,000,000)
Derivative [Member] | Fair Value Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 0 0
Gain (Loss) on Investments (20,000,000) (16,000,000)
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Derivative [Member] | Interest rate swaps | Fair Value Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income (11,000,000) (3,000,000)
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 774,000,000 127,000,000
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Derivative [Member] | Currency Swap [Member] | Fair Value Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 72,000,000 (30,000,000)
Gain (Loss) on Investments 12,000,000 (14,000,000)
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Debt Securities | Interest rate swaps | Fair Value Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 5,000,000 3,000,000
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net (769,000,000) (128,000,000)
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Debt Securities | Currency Swap [Member] | Fair Value Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income (65,000,000) 29,000,000
Gain (Loss) on Investments (10,000,000) 12,000,000
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Foreign Currency Gain (Loss) [Member] | Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 0 0
Net Investment Income 0 0
Gain (Loss) on Investments 453,000,000 (35,000,000)
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Other Comprehensive Income (Loss), before Tax 0 0
Non-derivative [Domain] [Member] | Net Investment Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), before Tax (2,000,000) 0
Accumulated Other Comprehensive Income (Loss) | Credit forwards [Member] | Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), before Tax 62,000,000 0
Accumulated Other Comprehensive Income (Loss) | Currency Swap [Member] | Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), before Tax 1,614,000,000 (241,000,000)
Accumulated Other Comprehensive Income (Loss) | Interest rate swaps | Cash Flow Hedging [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), before Tax 2,011,000,000 252,000,000
Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 5,476,000,000 (197,000,000)
Net Investment Income (4,000,000) (1,000,000)
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 248,000,000 (74,000,000)
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Foreign Exchange [Member] | Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 135,000,000 (142,000,000)
Net Investment Income 0 0
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net (8,000,000) 3,000,000
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Credit derivatives — purchased | Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 73,000,000 (15,000,000)
Net Investment Income 0 0
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Credit derivatives — written | Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net (311,000,000) 136,000,000
Net Investment Income 0 0
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Equity Market Risk [Member] | Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 1,559,000,000 (667,000,000)
Net Investment Income 0 0
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 208,000,000 (96,000,000)
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Foreign Currency Gain (Loss) [Member] | Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net (157,000,000) 82,000,000
Net Investment Income 0 0
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 0 0
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Interest Rate Risk [Member] | Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 4,177,000,000 409,000,000
Net Investment Income (4,000,000) (1,000,000)
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 48,000,000 19,000,000
Policyholder Account Balance, Interest Expense 0 0
Operating Expenses 0 0
Net Derivative Gain (Loss) [Member] | Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 147,000,000 119,000,000
Net Investment Income 77,000,000 56,000,000
Gain (Loss) on Investments 0 0
Policyholder Benefits and Claims Incurred, Net 39,000,000 32,000,000
Policyholder Account Balance, Interest Expense (44,000,000) (32,000,000)
Operating Expenses 0 0
Other Comprehensive Income (Loss), before Tax 0 0
Embedded Derivative Financial Instruments [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net (1,422,000,000) 193,000,000
Policyholder Benefits and Claims Incurred, Net 0 0
Effects of Derivatives on Consolidated Statements of Operations and Comprehensive Income (Loss) [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Net Investment Income 80,000,000 57,000,000
Gain (Loss) on Investments (10,000,000) (33,000,000)
Policyholder Benefits and Claims Incurred, Net 292,000,000 (43,000,000)
Policyholder Account Balance, Interest Expense (44,000,000) (32,000,000)
Operating Expenses 1,000,000 1,000,000
Other Comprehensive Income (Loss), before Tax $ 4,233,000,000 $ (19,000,000)