XML 82 R69.htm IDEA: XBRL DOCUMENT v3.21.2
Contracts Accounted for as Insurance - BIG Transaction Loss Summary (Details)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2021
USD ($)
risk
Dec. 31, 2020
USD ($)
risk
Discount    
Total $ (104)  
Reserves (salvage)    
Total $ (153) $ 122
BIG    
Number of risks    
Total (in contracts) | risk 257 270
Remaining weighted average contract period    
Total (in years) 8 years 8 months 12 days 8 years 8 months 12 days
Principal    
Total $ 7,284 $ 7,855
Interest    
Total 2,990 3,285
Total net outstanding exposure    
Total 10,274 11,140
Expected cash outflows (inflows)    
Total 3,853 4,591
Potential recoveries    
Total (3,598) (4,011)
Subtotal    
Total 255 580
Discount    
Total (104) (104)
Present value of expected cash flows    
Net expected loss to be paid 151 476
Deferred premium revenue    
Total 456 508
Reserves (salvage)    
Total $ (152) $ 127
BIG | BIG 1    
Number of risks    
Total (in contracts) | risk 112 125
Principal    
Total $ 2,381 $ 2,781
BIG | BIG 2    
Number of risks    
Total (in contracts) | risk 17 19
Principal    
Total $ 180 $ 130
BIG | BIG 3    
Number of risks    
Total (in contracts) | risk 128 126
Principal    
Total $ 4,723 $ 4,944
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE)    
Number of risks    
Total (in contracts) | risk 257 270
Remaining weighted average contract period    
Total (in years) 8 years 8 months 12 days 8 years 8 months 12 days
Principal    
Total $ 7,284 $ 7,855
Interest    
Total 2,990 3,285
Total net outstanding exposure    
Total 10,274 11,140
Expected cash outflows (inflows)    
Total 4,096 4,850
Potential recoveries    
Total (3,786) (4,201)
Subtotal    
Total 310 649
Discount    
Total (116) (114)
Present value of expected cash flows    
Net expected loss to be paid 194 535
Deferred premium revenue    
Total 496 551
Reserves (salvage)    
Total $ (133) $ 159
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 1    
Number of risks    
Total (in contracts) | risk 112 125
Ceded (in contracts) | risk (1) (1)
Remaining weighted average contract period    
Gross (in years) 7 years 9 months 18 days 7 years 6 months
Ceded (in years) 5 years 2 months 12 days 5 years
Principal    
Gross $ 2,389 $ 2,791
Ceded (8) (10)
Interest    
Gross 1,017 1,092
Ceded (2) (2)
Total net outstanding exposure    
Gross 3,406 3,883
Ceded (10) (12)
Expected cash outflows (inflows)    
Gross 135 173
Ceded (1) (1)
Potential recoveries    
Gross (841) (707)
Ceded 6 20
Subtotal    
Gross (706) (534)
Ceded 5 19
Discount    
Gross 21 22
Ceded 0 0
Present value of expected cash flows    
Gross (685) (512)
Ceded 5 19
Deferred premium revenue    
Gross 96 116
Ceded 0 0
Reserves (salvage)    
Gross (713) (547)
Ceded $ 5 $ 19
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 2    
Number of risks    
Total (in contracts) | risk 17 19
Ceded (in contracts) | risk 0 0
Remaining weighted average contract period    
Gross (in years) 9 years 1 month 6 days 9 years 2 months 12 days
Principal    
Gross $ 180 $ 130
Ceded 0 0
Interest    
Gross 36 36
Ceded 0 0
Total net outstanding exposure    
Gross 216 166
Ceded 0 0
Expected cash outflows (inflows)    
Gross 41 29
Ceded 0 0
Potential recoveries    
Gross (11) (3)
Ceded 0 0
Subtotal    
Gross 30 26
Ceded 0 0
Discount    
Gross (3) (3)
Ceded 0 0
Present value of expected cash flows    
Gross 27 23
Ceded 0 0
Deferred premium revenue    
Gross 2 2
Ceded 0 0
Reserves (salvage)    
Gross 26 21
Ceded $ 0 $ 0
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 3    
Number of risks    
Total (in contracts) | risk 128 126
Ceded (in contracts) | risk (3) (4)
Remaining weighted average contract period    
Gross (in years) 9 years 1 month 6 days 9 years 4 months 24 days
Ceded (in years) 5 years 10 months 24 days 6 years 1 month 6 days
Principal    
Gross $ 4,781 $ 5,009
Ceded (58) (65)
Interest    
Gross 1,953 2,175
Ceded (14) (16)
Total net outstanding exposure    
Gross 6,734 7,184
Ceded (72) (81)
Expected cash outflows (inflows)    
Gross 3,965 4,699
Ceded (44) (50)
Potential recoveries    
Gross (2,994) (3,565)
Ceded 54 54
Subtotal    
Gross 971 1,134
Ceded 10 4
Discount    
Gross (134) (132)
Ceded 0 (1)
Present value of expected cash flows    
Gross 837 1,002
Ceded 10 3
Deferred premium revenue    
Gross 400 436
Ceded (2) (3)
Reserves (salvage)    
Gross 538 660
Ceded 11 6
BIG | Variable Interest Entity, Primary Beneficiary    
Expected cash outflows (inflows)    
Total (243) (259)
Potential recoveries    
Total 188 190
Subtotal    
Total (55) (69)
Discount    
Total 12 10
Present value of expected cash flows    
Net expected loss to be paid (43) (59)
Deferred premium revenue    
Total (40) (43)
Reserves (salvage)    
Total $ (19) $ (32)