XML 121 R110.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 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 $ 17 $ 13 $ (14) $ 31
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (9) (48) (21) 7
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period (139) 53 (143) (170)
Total realized/unrealized gains (losses) included in net income (loss) 17 32 (16) 38
Total realized/unrealized gains (losses) included in AOCI (15) (41) (40) 46
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 135 (1)
Settlements 67 (3) 0 33
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (5) (255) (11) (160)
Balance, end of period (75) (214) (75) (214)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 17 13 (14) 31
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (9) (48) (21) 7
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 8 (17) 40 (35)
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 (62) (44) (93) (17)
Total realized/unrealized gains (losses) included in net income (loss) 8 (18) 40 (35)
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 (1) (2) (2) (12)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period (55) (64) (55) (64)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 8 (17) 40 (35)
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 28,503 25,676 28,345 24,401
Total realized/unrealized gains (losses) included in net income (loss) (46) (8) (52) (17)
Total realized/unrealized gains (losses) included in AOCI (294) (369) (678) 343
Purchases 1,940 1,122 3,078 2,408
Sales (794) (527) (1,406) (1,064)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 72 210 109 391
Transfers out of Level 3 (141) (136) (156) (494)
Balance, end of period 29,240 25,968 29,240 25,968
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (9) (8) (3) (20)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (314) (379) (686) 321
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) (8) (3) (20)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (314) (379) (686) 321
Foreign government        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 45 46 51 103
Total realized/unrealized gains (losses) included in net income (loss) 0 (1) 2 (1)
Total realized/unrealized gains (losses) included in AOCI (4) 3 (5) 2
Purchases 0 5 0 13
Sales (1) (4) (3) (12)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 11 0 10
Transfers out of Level 3 0 0 (5) (55)
Balance, end of period 40 60 40 60
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (1) 2 (1)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (4) 3 (5) 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 (1) 2 (1)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (4) 3 (5) 2
Structured Products        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 5,277 4,553 4,551 4,269
Total realized/unrealized gains (losses) included in net income (loss) 12 2 15 (7)
Total realized/unrealized gains (losses) included in AOCI (5) (43) 40 (24)
Purchases 1,343 272 1,582 413
Sales (168) (112) (340) (239)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 86 71 165 212
Transfers out of Level 3 (678) (189) (146) (70)
Balance, end of period 5,867 4,554 5,867 4,554
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 11 4 15 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (7) (45) 35 (26)
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 11 4 15 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (7) (45) 35 (26)
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 2 7 2 7
Sales (1) 0 (1) 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 1 7 1 7
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 253 258 249 259
Total realized/unrealized gains (losses) included in net income (loss) (11) (1) (8) 6
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 27 0 31 2
Sales (7) (7) (10) (17)
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 262 250 262 250
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (10) 1 (3) (3)
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 (10) 1 (3) (3)
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 1,093 1,011 1,103 787
Total realized/unrealized gains (losses) included in net income (loss) 36 50 67 95
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 112 190 114 205
Sales (139) (193) (165) (26)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 1
Transfers out of Level 3 (6) (1) (23) (5)
Balance, end of period 1,096 1,057 1,096 1,057
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 36 50 67 94
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 36 50 67 94
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 14 58 27 57
Total realized/unrealized gains (losses) included in net income (loss) 0 0 0 0
Total realized/unrealized gains (losses) included in AOCI 0 (1) (1) 0
Purchases 6 5 10 17
Sales (10) (44) (26) (47)
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 (9)
Balance, end of period 10 18 10 18
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)
Other Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 1,171 928 975 926
Total realized/unrealized gains (losses) included in net income (loss) 0 23 12 25
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 42 13 47 13
Sales (140) 0 (140) 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 179 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 1,073 964 1,073 964
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (5) 23 8 26
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 (5) 23 8 26
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 1,142 1,202 1,147 1,210
Total realized/unrealized gains (losses) included in net income (loss) (8) (17) (37) (39)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 44 72 83 170
Sales (56) (21) (67) (110)
Issuances 0 0 0 0
Settlements 0 0 0 1
Transfers into Level 3 0 12 3 16
Transfers out of Level 3 0 0 (7) 0
Balance, end of period 1,122 1,248 1,122 1,248
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