XML 80 R68.htm IDEA: XBRL DOCUMENT v3.22.2
Liabilities Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance $ 525 $ 657 $ 590 $ 804
Total realized and unrealized (gains) losses included in net (income) 9 8 (48) (111)
Total realized and unrealized (gains) losses included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 9 10 22 23
Settlements (17) (37) (37) (78)
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 0 (1) 0
Ending balance 526 638 526 638
Total (gains) losses included in net (income) attributable to liabilities still held 12 7 (41) (106)
Total (gains) losses included in OCI attributable to liabilities still held 0 0 0 0
Policyholder account balances        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance 525 657 590 804
Total realized and unrealized (gains) losses included in net (income) 9 8 (48) (111)
Total realized and unrealized (gains) losses included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 9 10 22 23
Settlements (17) (37) (37) (78)
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 0 (1) 0
Ending balance 526 638 526 638
Total (gains) losses included in net (income) attributable to liabilities still held 12 7 (41) (106)
Total (gains) losses included in OCI attributable to liabilities still held 0 0 0 0
Policyholder account balances | GMWB embedded derivatives        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance [1] 243 272 271 379
Total realized and unrealized (gains) losses included in net (income) [1] 28 (3) (6) (116)
Total realized and unrealized (gains) losses included in OCI [1] 0 0 0 0
Purchases [1] 0 0 0 0
Sales [1] 0 0 0 0
Issuances [1] 6 6 12 12
Settlements [1] 0 0 0 0
Transfer into Level 3 [1] 0 0 0 0
Transfer out of Level 3 [1] 0 0 0 0
Ending balance [1] 277 275 277 275
Total (gains) losses included in net (income) attributable to liabilities still held [1] 31 (4) 1 (111)
Total (gains) losses included in OCI attributable to liabilities still held [1] 0 0 0 0
Policyholder account balances | Fixed index annuity embedded derivatives        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance 261 362 294 399
Total realized and unrealized (gains) losses included in net (income) (11) 14 (23) 18
Total realized and unrealized (gains) losses included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements (17) (37) (37) (78)
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 0 (1) 0
Ending balance 233 339 233 339
Total (gains) losses included in net (income) attributable to liabilities still held (11) 14 (23) 18
Total (gains) losses included in OCI attributable to liabilities still held 0 0 0 0
Policyholder account balances | Indexed universal life embedded derivatives        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance 21 23 25 26
Total realized and unrealized (gains) losses included in net (income) (8) (3) (19) (13)
Total realized and unrealized (gains) losses included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 3 4 10 11
Settlements 0 0 0 0
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 0 0 0
Ending balance 16 24 16 24
Total (gains) losses included in net (income) attributable to liabilities still held (8) (3) (19) (13)
Total (gains) losses included in OCI attributable to liabilities still held $ 0 $ 0 $ 0 $ 0
[1] Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.