XML 181 R158.htm IDEA: XBRL DOCUMENT v3.22.0.1
Other Comprehensive Income - Changes in AOCI by Component (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance $ 6,643    
Other comprehensive income (loss) before reclassifications (187) $ 169 $ 268
Less: Amounts reclassified from AOCI to:      
Net realized investment gains (losses) 15 18 22
Net investment income 269 297 378
Interest expense (87) (85) (89)
Income (loss) before income taxes 477 413 464
Tax (provision) benefit (58) (45) (63)
Total amount reclassified from AOCI, net of tax 11 13 19
Other comprehensive income (loss) (198) 156 249
Ending balance 6,292 6,643  
Reclassification out of Accumulated Other Comprehensive Income      
Less: Amounts reclassified from AOCI to:      
Net realized investment gains (losses) 14 14 23
Net investment income     16
Fair value gains (losses) on FG VIEs (3)   (15)
Interest expense 1   1
Income (loss) before income taxes 12 14 25
Tax (provision) benefit (1) (1) (6)
Total  AOCI      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance 498 342 93
Less: Amounts reclassified from AOCI to:      
Ending balance 300 498 342
Total  AOCI | Effect of adoption of accounting guidance on credit losses      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance   0  
Less: Amounts reclassified from AOCI to:      
Ending balance     0
Net Unrealized Gains (Losses) on Investments with: No Credit Impairment      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance 577 352 59
Other comprehensive income (loss) before reclassifications (184) 189 339
Less: Amounts reclassified from AOCI to:      
Total amount reclassified from AOCI, net of tax 18 26 46
Other comprehensive income (loss) (202) 163 293
Ending balance 375 577 352
Net Unrealized Gains (Losses) on Investments with: No Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income      
Less: Amounts reclassified from AOCI to:      
Net realized investment gains (losses) 21 30 55
Net investment income     1
Fair value gains (losses) on FG VIEs 0   0
Interest expense 0   0
Income (loss) before income taxes 21 30 56
Tax (provision) benefit (3) (4) (10)
Net Unrealized Gains (Losses) on Investments with: No Credit Impairment | Effect of adoption of accounting guidance on credit losses      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance   62  
Less: Amounts reclassified from AOCI to:      
Ending balance     62
Net Unrealized Gains (Losses) on Investments with: Credit Impairment      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance (30) 48 94
Other comprehensive income (loss) before reclassifications 0 (29) (62)
Less: Amounts reclassified from AOCI to:      
Total amount reclassified from AOCI, net of tax (6) (13) (16)
Other comprehensive income (loss) 6 (16) (46)
Ending balance (24) (30) 48
Net Unrealized Gains (Losses) on Investments with: Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income      
Less: Amounts reclassified from AOCI to:      
Net realized investment gains (losses) (7) (16) (32)
Net investment income     15
Fair value gains (losses) on FG VIEs 0   0
Interest expense 0   0
Income (loss) before income taxes (7) (16) (17)
Tax (provision) benefit 1 3 1
Net Unrealized Gains (Losses) on Investments with: Credit Impairment | Effect of adoption of accounting guidance on credit losses      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance   (62)  
Less: Amounts reclassified from AOCI to:      
Ending balance     (62)
ISCR on FG VIEs’ Liabilities with Recourse      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance (20) (27) (31)
Other comprehensive income (loss) before reclassifications (3) 7 (8)
Less: Amounts reclassified from AOCI to:      
Total amount reclassified from AOCI, net of tax (2) 0 (12)
Other comprehensive income (loss) (1) 7 4
Ending balance (21) (20) (27)
ISCR on FG VIEs’ Liabilities with Recourse | Reclassification out of Accumulated Other Comprehensive Income      
Less: Amounts reclassified from AOCI to:      
Net realized investment gains (losses) 0 0 0
Net investment income     0
Fair value gains (losses) on FG VIEs (3)   (15)
Interest expense 0   0
Income (loss) before income taxes (3) 0 (15)
Tax (provision) benefit 1 0 3
ISCR on FG VIEs’ Liabilities with Recourse | Effect of adoption of accounting guidance on credit losses      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance   0  
Less: Amounts reclassified from AOCI to:      
Ending balance     0
Cumulative Translation Adjustment      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance (36) (38) (37)
Other comprehensive income (loss) before reclassifications 0 2 (1)
Less: Amounts reclassified from AOCI to:      
Total amount reclassified from AOCI, net of tax 0 0 0
Other comprehensive income (loss) 0 2 (1)
Ending balance (36) (36) (38)
Cumulative Translation Adjustment | Reclassification out of Accumulated Other Comprehensive Income      
Less: Amounts reclassified from AOCI to:      
Net realized investment gains (losses) 0 0 0
Net investment income     0
Fair value gains (losses) on FG VIEs 0   0
Interest expense 0   0
Income (loss) before income taxes 0 0 0
Tax (provision) benefit 0 0 0
Cumulative Translation Adjustment | Effect of adoption of accounting guidance on credit losses      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance   0  
Less: Amounts reclassified from AOCI to:      
Ending balance     0
Cash  Flow  Hedge      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance 7 7 8
Other comprehensive income (loss) before reclassifications 0 0 0
Less: Amounts reclassified from AOCI to:      
Total amount reclassified from AOCI, net of tax 1 0 1
Other comprehensive income (loss) (1) 0 (1)
Ending balance 6 7 7
Cash  Flow  Hedge | Reclassification out of Accumulated Other Comprehensive Income      
Less: Amounts reclassified from AOCI to:      
Net realized investment gains (losses) 0 0 0
Net investment income     0
Fair value gains (losses) on FG VIEs 0   0
Interest expense 1   1
Income (loss) before income taxes 1 0 1
Tax (provision) benefit $ 0 0 0
Cash  Flow  Hedge | Effect of adoption of accounting guidance on credit losses      
Changes in Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance   $ 0  
Less: Amounts reclassified from AOCI to:      
Ending balance     $ 0