XML 105 R91.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Residential mortgage loans - FVO        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 140 $ 175 $ 165 $ 188
Total realized/unrealized gains (losses) included in net income (loss) 0 6 (3) 10
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 (11) (7)
Issuances 0 0 0 0
Settlements (6) (5) (17) (15)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 134 176 134 176
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (1) 6 (7) 6
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (1) 6 (7) 6
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Net Derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (273) 47 (392) 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 25 (28) (206) 801
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period 57 798 594 (146)
Total realized/unrealized gains (losses) included in net income (loss) (279) 61 (490) 163
Total realized/unrealized gains (losses) included in AOCI 55 (24) (365) 980
Purchases 7 0 14 0
Sales 0 0 0 0
Issuances (1) 0 (6) 0
Settlements (49) (111) 43 (253)
Transfers into Level 3 0 0 1 0
Transfers out of Level 3 0 13 (1) (7)
Balance, end of period (210) 737 (210) 737
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (273) 47 (392) 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 25 (28) (206) 801
Net Embedded Derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 44 403 715 (653)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 1 (14) 22 (20)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period (574) (1,925) (1,141) (742)
Total realized/unrealized gains (losses) included in net income (loss) 47 408 716 (643)
Total realized/unrealized gains (losses) included in AOCI 0 (15) 22 (21)
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements (60) (66) (184) (192)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period (587) (1,598) (587) (1,598)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 44 403 715 (653)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 1 (14) 22 (20)
Corporate fixed maturity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 23,773 20,732 24,101 14,229
Total realized/unrealized gains (losses) included in net income (loss) (22) (1) (28) (80)
Total realized/unrealized gains (losses) included in AOCI (402) 673 (1,171) 371
Purchases 1,853 1,023 3,395 3,653
Sales (475) (529) (951) (911)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 242 622 139 5,416
Transfers out of Level 3 (233) (377) (749) (535)
Balance, end of period 24,736 22,143 24,736 22,143
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (18) (3) (21) (42)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (387) 665 (1,141) 350
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (18) (3) (21) (42)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (387) 665 (1,141) 350
Foreign government        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 145 57 117 117
Total realized/unrealized gains (losses) included in net income (loss) 0 (1) 0 (1)
Total realized/unrealized gains (losses) included in AOCI 0 6 (1) (1)
Purchases 12 12 13 12
Sales (10) 0 (7) (7)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 10 44 13 3
Transfers out of Level 3 (51) (9) (29) (14)
Balance, end of period 106 109 106 109
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (3) 0 (2)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 3 (1) 2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (3) 0 (2)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 3 (1) 2
Structured Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 6,003 5,377 5,289 4,458
Total realized/unrealized gains (losses) included in net income (loss) 9 23 36 30
Total realized/unrealized gains (losses) included in AOCI 36 96 9 (18)
Purchases 334 550 1,333 2,067
Sales (401) (305) (1,049) (704)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 6 39 256 73
Transfers out of Level 3 (407) (368) (294) (494)
Balance, end of period 5,580 5,412 5,580 5,412
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 9 13 33 36
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 36 95 11 (12)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 9 13 33 36
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 36 95 11 (12)
Municipals        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 0 0 0 7
Total realized/unrealized gains (losses) included in net income (loss) 0 0 0 0
Total realized/unrealized gains (losses) included in AOCI 0 1 0 1
Purchases 34 10 34 10
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 (7)
Balance, end of period 34 11 34 11
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 1 0 1
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 1 0 1
Equity Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 143 373 150 430
Total realized/unrealized gains (losses) included in net income (loss) 6 6 16 2
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 8 0 10 9
Sales (5) (69) (21) (105)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (1) (158) (4) (184)
Balance, end of period 151 152 151 152
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 6 3 11 1
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 6 3 11 1
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Unit-linked and FVO Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 849 589 701 625
Total realized/unrealized gains (losses) included in net income (loss) (9) 35 53 8
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 9 7 20 20
Sales (8) (13) (16) (99)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 86 153
Transfers out of Level 3 (8) (2) (11) (91)
Balance, end of period 833 616 833 616
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (9) 35 53 10
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (9) 35 53 10
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Short-term Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 113 7 43 32
Total realized/unrealized gains (losses) included in net income (loss) 1 (2) 1 (6)
Total realized/unrealized gains (losses) included in AOCI (2) (2) (2) (1)
Purchases 2 1 55 2
Sales (28) (1) (37) (17)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 1 0 0 9
Transfers out of Level 3 (30) 0 (3) (16)
Balance, end of period 57 3 57 3
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (2) 0 (6)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 (1) 0 (1)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (2) 0 (6)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 (1) 0 (1)
Other Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 781 491 573 455
Total realized/unrealized gains (losses) included in net income (loss) 45 (8) 70 (11)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 116 3 299 42
Sales (72) 0 (72) 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (25) 0 (25) 0
Balance, end of period 845 486 845 486
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 40 (7) 66 (7)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 40 (7) 66 (7)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Separate Accounts        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 1,249 1,056 1,079 980
Total realized/unrealized gains (losses) included in net income (loss) 12 (3) 14 (2)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 161 72 336 204
Sales (18) (25) (43) (95)
Issuances 0 (2) (1) (4)
Settlements 0 0 6 1
Transfers into Level 3 0 0 10 10
Transfers out of Level 3 (5) (9) (2) (5)
Balance, end of period 1,399 1,089 1,399 1,089
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period $ 0 $ 0 $ 0 $ 0