XML 120 R109.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
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 $ (34) $ 158
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (20) 64
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Balance, beginning of period (143) (170)
Total realized/unrealized gains (losses) included in net income (loss) (35) 168
Total realized/unrealized gains (losses) included in AOCI (28) 83
Purchases 0 0
Sales 0 0
Issuances (2) 0
Settlements 71 33
Transfers into Level 3 0 (61)
Transfers out of Level 3 (2) 0
Balance, end of period (139) 53
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 32 (17)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Balance, beginning of period (93) (17)
Total realized/unrealized gains (losses) included in net income (loss) 32 (17)
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements (1) (10)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period (62) (44)
Corporate fixed maturity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 28,345 24,401
Total realized/unrealized gains (losses) included in net income (loss) (11) 1
Total realized/unrealized gains (losses) included in AOCI (372) 703
Purchases 1,232 1,547
Sales (536) (649)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 87 191
Transfers out of Level 3 (242) (518)
Balance, end of period 28,503 25,676
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 7 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (379) 694
Foreign government    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 51 103
Total realized/unrealized gains (losses) included in net income (loss) 2 0
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 1 8
Sales 0 (9)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 (9) (56)
Balance, end of period 45 46
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 2 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 (1)
Structured Products    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 4,551 4,269
Total realized/unrealized gains (losses) included in net income (loss) 3 (7)
Total realized/unrealized gains (losses) included in AOCI 45 20
Purchases 906 341
Sales (170) (139)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 79 139
Transfers out of Level 3 (137) (70)
Balance, end of period 5,277 4,553
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 3 (3)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 42 18
Equity Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 249 259
Total realized/unrealized gains (losses) included in net income (loss) 2 7
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 5 2
Sales (3) (10)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period 253 258
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 5 (3)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0
Unit-linked and FVO Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 1,103 787
Total realized/unrealized gains (losses) included in net income (loss) 31 45
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 129 193
Sales (153) (13)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 7 2
Transfers out of Level 3 (24) (3)
Balance, end of period 1,093 1,011
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 31 45
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0
Short-term Investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 27 57
Total realized/unrealized gains (losses) included in net income (loss) 0 0
Total realized/unrealized gains (losses) included in AOCI 0 1
Purchases 4 52
Sales (12) (42)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 (5) (10)
Balance, end of period 14 58
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 1 0
Other Investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 975 926
Total realized/unrealized gains (losses) included in net income (loss) 12 1
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 5 1
Sales 0 0
Issuances 0 0
Settlements 0 0
Transfers into Level 3 179 0
Transfers out of Level 3 0 0
Balance, end of period 1,171 928
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 13 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0
Separate Accounts    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 1,147 1,210
Total realized/unrealized gains (losses) included in net income (loss) (28) (22)
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 39 101
Sales (12) (93)
Issuances 0 0
Settlements 0 1
Transfers into Level 3 3 5
Transfers out of Level 3 (7) 0
Balance, end of period 1,142 1,202
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period $ 0 $ 0