XML 123 R112.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
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 $ 16 $ (34)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 (20)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Balance, beginning of period 5 (143)
Total realized/unrealized gains (losses) included in net income (loss) 17 (35)
Total realized/unrealized gains (losses) included in AOCI 1 (28)
Purchases 0 0
Sales 0 0
Issuances 0 (2)
Settlements (1) 71
Transfers into Level 3 0 0
Transfers out of Level 3 (1) (2)
Balance, end of period 21 (139)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 16 (34)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 (20)
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) 32
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 (9) (93)
Total realized/unrealized gains (losses) included in net income (loss) (32) 32
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements (2) (1)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period (43) (62)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (32) 32
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0
Corporate fixed maturity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 26,505 28,345
Total realized/unrealized gains (losses) included in net income (loss) (23) (11)
Total realized/unrealized gains (losses) included in AOCI 423 (372)
Purchases 1,314 1,232
Sales (448) (536)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 116 87
Transfers out of Level 3 (375) (242)
Balance, end of period 27,512 28,503
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (1) 7
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 393 (379)
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) 7
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 393 (379)
Foreign government    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 41 51
Total realized/unrealized gains (losses) included in net income (loss) 0 2
Total realized/unrealized gains (losses) included in AOCI 3 0
Purchases 15 1
Sales (1) 0
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 (1) (9)
Balance, end of period 57 45
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 2
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 3 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 2
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 3 0
Structured Products    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 8,639 4,551
Total realized/unrealized gains (losses) included in net income (loss) 3 3
Total realized/unrealized gains (losses) included in AOCI 40 45
Purchases 1,949 906
Sales (140) (170)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 7 79
Transfers out of Level 3 (5,691) (137)
Balance, end of period 4,807 5,277
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 40 42
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 3 3
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 40 42
Municipals    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 7 0
Total realized/unrealized gains (losses) included in net income (loss) 1 0
Total realized/unrealized gains (losses) included in AOCI (1) 0
Purchases 2 0
Sales (7) 0
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period 2 0
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
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
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0
Equity Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 236 249
Total realized/unrealized gains (losses) included in net income (loss) 15 2
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 20 5
Sales (23) (3)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period 248 253
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (4) 5
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]    
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (4) 5
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 1,190 1,103
Total realized/unrealized gains (losses) included in net income (loss) (20) 31
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 106 129
Sales (101) (153)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 7
Transfers out of Level 3 0 (24)
Balance, end of period 1,175 1,093
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (14) 31
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]    
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (14) 31
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 5 27
Total realized/unrealized gains (losses) included in net income (loss) 0 0
Total realized/unrealized gains (losses) included in AOCI (2) 0
Purchases 10 4
Sales (1) (12)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 (3) (5)
Balance, end of period 9 14
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 (3) 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
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (3) 1
Other Investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 1,010 975
Total realized/unrealized gains (losses) included in net income (loss) 2 12
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 147 5
Sales (38) 0
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 179
Transfers out of Level 3 0 0
Balance, end of period 1,121 1,171
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 13
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]    
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 13
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 990 1,147
Total realized/unrealized gains (losses) included in net income (loss) 5 (28)
Total realized/unrealized gains (losses) included in AOCI 0 0
Purchases 42 39
Sales (58) (12)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 1 3
Transfers out of Level 3 (8) (7)
Balance, end of period 972 1,142
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
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
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period $ 0 $ 0