XML 123 R110.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 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 $ 15 $ (57) $ 2 $ (28)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 (92) 0 (85)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period (75) (214) (143) (170)
Total realized/unrealized gains (losses) included in net income (loss) 21 (56) 5 (21)
Total realized/unrealized gains (losses) included in AOCI 7 (110) (28) (59)
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 72 91 201 121
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (1) 0 (11) (160)
Balance, end of period 24 (289) 24 (289)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 15 (57) 2 (28)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 (92) 0 (85)
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 (61) 86 (21) 51
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 (55) (64) (93) (17)
Total realized/unrealized gains (losses) included in net income (loss) (61) 86 (21) 51
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 (3) (27) (5) (39)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period (119) (5) (119) (5)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (61) 86 (21) 51
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 29,240 25,968 28,345 24,401
Total realized/unrealized gains (losses) included in net income (loss) (10) 3 (70) 0
Total realized/unrealized gains (losses) included in AOCI 1,169 (996) 502 (659)
Purchases 2,080 991 4,618 3,282
Sales (1,255) (573) (2,212) (1,562)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 94 132 55 305
Transfers out of Level 3 (1,111) (258) (1,031) (500)
Balance, end of period 30,207 25,267 30,207 25,267
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (6) 2 (17) (2)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 1,159 (989) 489 (685)
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) 2 (17) (2)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 1,159 (989) 489 (685)
Foreign government        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 40 60 51 103
Total realized/unrealized gains (losses) included in net income (loss) (8) 4 (6) 3
Total realized/unrealized gains (losses) included in AOCI 7 (9) 3 (7)
Purchases 2 4 1 7
Sales (1) (9) (1) (11)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 1 0 1 4
Transfers out of Level 3 0 (7) (8) (56)
Balance, end of period 41 43 41 43
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (8) 4 (6) 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 7 (9) 3 (7)
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) 4 (6) 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 7 (9) 3 (7)
Structured Products        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 5,867 4,554 4,551 4,269
Total realized/unrealized gains (losses) included in net income (loss) 6 (8) 19 (10)
Total realized/unrealized gains (losses) included in AOCI 132 (10) 172 (42)
Purchases 1,080 969 1,614 1,099
Sales (539) (376) (792) (537)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 31 70 179 240
Transfers out of Level 3 (1,069) (294) (235) (114)
Balance, end of period 5,508 4,905 5,508 4,905
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 12 (5) 23 1
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 113 (14) 144 (48)
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 12 (5) 23 1
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 113 (14) 144 (48)
Municipals        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 1 7 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 0 0 0
Sales (1) 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 (7) 0 0
Balance, end of period 0 0 0 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 262 250 249 259
Total realized/unrealized gains (losses) included in net income (loss) (15) (5) (26) 1
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 9 0 31 2
Sales (14) (1) (12) (18)
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 242 244 242 244
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (15) (4) (20) (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 (15) (4) (20) (6)
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 1,096 1,057 1,103 787
Total realized/unrealized gains (losses) included in net income (loss) 56 (31) 121 63
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 135 204 139 227
Sales (111) (177) (167) (21)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 16 0 17
Transfers out of Level 3 0 0 (20) (4)
Balance, end of period 1,176 1,069 1,176 1,069
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 57 (32) 124 62
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 57 (32) 124 62
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 10 18 27 57
Total realized/unrealized gains (losses) included in net income (loss) 0 0 1 0
Total realized/unrealized gains (losses) included in AOCI 0 1 (1) 1
Purchases 1 14 5 25
Sales (8) (8) (26) (48)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 3 0 0 0
Transfers out of Level 3 0 0 0 (10)
Balance, end of period 6 25 6 25
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 1,073 964 975 926
Total realized/unrealized gains (losses) included in net income (loss) 9 (6) 21 19
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 6 12 54 25
Sales (45) 0 (186) 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 52 0 231 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 1,095 970 1,095 970
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 11 (6) 19 20
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 11 (6) 19 20
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 1,122 1,248 1,147 1,210
Total realized/unrealized gains (losses) included in net income (loss) (9) (22) (46) (62)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 18 15 15 181
Sales (93) (30) (92) (128)
Issuances 0 0 0 0
Settlements 0 0 0 1
Transfers into Level 3 1 6 2 14
Transfers out of Level 3 (20) (10) (7) (9)
Balance, end of period 1,019 1,207 1,019 1,207
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