XML 130 R120.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Residential mortgage loans - FVO        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 0 $ 119 $ 0 $ 127
Total realized/unrealized gains (losses) included in net income (loss) 0 (5) 0 (9)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 0 (5) 0 (9)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 0 109 0 109
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (5) 0 (9)
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 (5) 0 (9)
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 13 (291) 31 (15)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (48) (199) 7 (390)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period 53 31 (170) (152)
Total realized/unrealized gains (losses) included in net income (loss) 32 (292) 38 17
Total realized/unrealized gains (losses) included in AOCI (41) (191) 46 (410)
Purchases 0 152 0 240
Sales 0 0 0 0
Issuances 0 0 (1) (2)
Settlements (3) 13 33 20
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (255) 0 (160) 0
Balance, end of period (214) (287) (214) (287)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 13 (291) 31 (15)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (48) (199) 7 (390)
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 (17) 160 (35) 57
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]        
Balance, beginning of period (44) (296) (17) (222)
Total realized/unrealized gains (losses) included in net income (loss) (18) 160 (35) 57
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements (2) 19 (12) 48
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period (64) (117) (64) (117)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (17) 160 (35) 57
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Corporate fixed maturity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 25,676 24,362 24,401 25,435
Total realized/unrealized gains (losses) included in net income (loss) (8) (5) (17) (16)
Total realized/unrealized gains (losses) included in AOCI (369) (2,857) 343 (4,892)
Purchases 1,122 1,643 2,408 2,698
Sales (527) (315) (1,064) (782)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 210 154 391 463
Transfers out of Level 3 (136) (400) (494) (324)
Balance, end of period 25,968 22,582 25,968 22,582
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (8) (5) (20) (16)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (379) (2,851) 321 (4,885)
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 (8) (5) (20) (16)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (379) (2,851) 321 (4,885)
Foreign government        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 46 248 103 91
Total realized/unrealized gains (losses) included in net income (loss) (1) 4 (1) (43)
Total realized/unrealized gains (losses) included in AOCI 3 3 2 7
Purchases 5 1 13 1
Sales (4) (2) (12) (2)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 11 3 10 49
Transfers out of Level 3 0 (154) (55) 0
Balance, end of period 60 103 60 103
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (1) 4 (1) (43)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 3 3 2 6
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) 4 (1) (43)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 3 3 2 6
Structured Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 4,553 5,930 4,269 5,871
Total realized/unrealized gains (losses) included in net income (loss) 2 12 (7) 23
Total realized/unrealized gains (losses) included in AOCI (43) (207) (24) (423)
Purchases 272 536 413 732
Sales (112) (468) (239) (668)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 71 129 212 190
Transfers out of Level 3 (189) (585) (70) (378)
Balance, end of period 4,554 5,347 4,554 5,347
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 4 12 3 23
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (45) (205) (26) (416)
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 4 12 3 23
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (45) (205) (26) (416)
Municipals        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 0 29 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 7 0 7 0
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 (29) 0 0
Balance, end of period 7 0 7 0
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 258 189 259 151
Total realized/unrealized gains (losses) included in net income (loss) (1) (2) 6 11
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 0 2 2 25
Sales (7) (10) (17) (6)
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 (2)
Balance, end of period 250 179 250 179
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 1 (3) (3) 9
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 (3) (3) 9
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 1,011 868 787 901
Total realized/unrealized gains (losses) included in net income (loss) 50 (132) 95 (169)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 190 8 205 15
Sales (193) (2) (26) (4)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 1 13
Transfers out of Level 3 (1) 0 (5) (14)
Balance, end of period 1,057 742 1,057 742
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 50 (132) 94 (168)
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 50 (132) 94 (168)
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 58 5 57 3
Total realized/unrealized gains (losses) included in net income (loss) 0 0 0 (1)
Total realized/unrealized gains (losses) included in AOCI (1) 0 0 0
Purchases 5 15 17 119
Sales (44) (1) (47) (2)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 100 0 0
Transfers out of Level 3 0 0 (9) 0
Balance, end of period 18 119 18 119
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 (1) 0 (1) 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 (1) 0 (1) 0
Other Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 928 1,047 926 898
Total realized/unrealized gains (losses) included in net income (loss) 23 26 25 72
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 13 61 13 187
Sales 0 (21) 0 (44)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (100) 0 (100)
Balance, end of period 964 1,013 964 1,013
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 23 23 26 69
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 23 23 26 69
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 1,202 2,118 1,210 2,131
Total realized/unrealized gains (losses) included in net income (loss) (17) 24 (39) 43
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 72 36 170 107
Sales (21) (949) (110) (1,047)
Issuances 0 (5) 0 (5)
Settlements 0 6 1 4
Transfers into Level 3 12 0 16 1
Transfers out of Level 3 0 0 0 (4)
Balance, end of period 1,248 1,230 1,248 1,230
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