XML 107 R94.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Residential mortgage loans - FVO        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 109 $ 140 $ 127 $ 165
Total realized/unrealized gains (losses) included in net income (loss) 1 0 (8) (3)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 0 0 0 0
Sales (108) 0 (108) (11)
Issuances 0 0 0 0
Settlements (2) (6) (11) (17)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 0 134 0 134
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (1) 0 (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 0 (1) 0 (7)
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 (42) (273) (133) (392)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (145) 25 (474) (206)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period (287) 57 (152) 594
Total realized/unrealized gains (losses) included in net income (loss) (201) (279) (139) (490)
Total realized/unrealized gains (losses) included in AOCI (118) 55 (528) (365)
Purchases 54 7 82 14
Sales 0 0 0 0
Issuances (1) (1) (3) (6)
Settlements 26 (49) 68 43
Transfers into Level 3 0 0 0 1
Transfers out of Level 3 (144) 0 1 (1)
Balance, end of period (671) (210) (671) (210)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (42) (273) (133) (392)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (145) 25 (474) (206)
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 (236) 44 (97) 715
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 6 1 28 22
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period (496) (574) (611) (1,141)
Total realized/unrealized gains (losses) included in net income (loss) (236) 47 (97) 716
Total realized/unrealized gains (losses) included in AOCI 5 0 28 22
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements (13) (60) (60) (184)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period (740) (587) (740) (587)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (236) 44 (97) 715
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 6 1 28 22
Corporate fixed maturity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 22,582 23,773 25,435 24,101
Total realized/unrealized gains (losses) included in net income (loss) 2 (22) (17) (28)
Total realized/unrealized gains (losses) included in AOCI (2,218) (402) (7,082) (1,171)
Purchases 1,085 1,853 3,515 3,395
Sales (486) (475) (1,241) (951)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 209 242 352 139
Transfers out of Level 3 (673) (233) (461) (749)
Balance, end of period 20,501 24,736 20,501 24,736
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 2 (18) (19) (21)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (2,217) (387) (7,056) (1,141)
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 2 (18) (19) (21)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (2,217) (387) (7,056) (1,141)
Foreign government        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 103 145 91 117
Total realized/unrealized gains (losses) included in net income (loss) 5 0 (38) 0
Total realized/unrealized gains (losses) included in AOCI (1) 0 6 (1)
Purchases 0 12 1 13
Sales (2) (10) (3) (7)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 10 48 13
Transfers out of Level 3 (44) (51) (44) (29)
Balance, end of period 61 106 61 106
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 5 0 (38) 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (1) 0 5 (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 5 0 (38) 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (1) 0 5 (1)
Structured Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 5,347 6,003 5,871 5,289
Total realized/unrealized gains (losses) included in net income (loss) 5 9 30 36
Total realized/unrealized gains (losses) included in AOCI (152) 36 (575) 9
Purchases 237 334 781 1,333
Sales (199) (401) (850) (1,049)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 39 6 228 256
Transfers out of Level 3 (232) (407) (440) (294)
Balance, end of period 5,045 5,580 5,045 5,580
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 1 9 23 33
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (146) 36 (554) 11
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 9 23 33
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (146) 36 (554) 11
Municipals        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 0 0 0 0
Total realized/unrealized gains (losses) included in net income (loss) 0 0 0 0
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 0 34 0 34
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 0
Balance, end of period 0 34 0 34
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
Equity Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 179 143 151 150
Total realized/unrealized gains (losses) included in net income (loss) (7) 6 5 16
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 4 8 28 10
Sales (7) (5) (13) (21)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (1) (2) (4)
Balance, end of period 169 151 169 151
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (7) 6 0 11
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 (7) 6 0 11
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 742 849 901 701
Total realized/unrealized gains (losses) included in net income (loss) (27) (9) (195) 53
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 14 9 29 20
Sales (6) (8) (10) (16)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 13 86
Transfers out of Level 3 0 (8) (15) (11)
Balance, end of period 723 833 723 833
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (27) (9) (194) 53
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 (27) (9) (194) 53
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 119 113 3 43
Total realized/unrealized gains (losses) included in net income (loss) 0 1 (1) 1
Total realized/unrealized gains (losses) included in AOCI 0 (2) 0 (2)
Purchases 5 2 5 55
Sales (19) (28) (2) (37)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 1 0 0
Transfers out of Level 3 (100) (30) 0 (3)
Balance, end of period 5 57 5 57
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 (1) 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 (1) 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Other Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 1,013 781 898 573
Total realized/unrealized gains (losses) included in net income (loss) 8 45 80 70
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 33 116 221 299
Sales (132) (72) (178) (72)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (25) (99) (25)
Balance, end of period 922 845 922 845
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 9 40 77 66
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 40 77 66
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 1,230 1,249 2,131 1,079
Total realized/unrealized gains (losses) included in net income (loss) 9 12 52 14
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 62 161 150 336
Sales (74) (18) (1,107) (43)
Issuances (1) 0 3 (1)
Settlements 0 0 4 6
Transfers into Level 3 0 0 0 10
Transfers out of Level 3 (11) (5) (18) (2)
Balance, end of period 1,215 1,399 1,215 1,399
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