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FAIR VALUE DISCLOSURES - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturities, AFS at fair value $ 72,386 $ 78,216
Fixed maturities, at fair value using the fair value option [1] 1,627 1,641
Liabilities:    
Notes issued by consolidated variable interest entities, at fair value using the fair value option [1] 1,182 1,191
Accrued interest payable for notes issued by consolidated variable interest entity 8 6
Carrying Value | Other liabilities    
Investments:    
Other equity investments 31  
Carrying Value | CLO Warehouse Debt    
Liabilities:    
Short-term debt 204 92
U.S. Treasury, government and agency    
Investments:    
Fixed maturities, AFS at fair value 9,348 15,385
State and Political Subdivisions    
Investments:    
Fixed maturities, AFS at fair value 682 662
Foreign governments    
Investments:    
Fixed maturities, AFS at fair value 1,084 1,152
Residential mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 88 98
Asset-backed    
Investments:    
Fixed maturities, AFS at fair value 7,424 5,934
Commercial mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 3,517 2,421
Redeemable preferred stock    
Investments:    
Fixed maturities, AFS at fair value 48 53
Recurring    
Investments:    
Fixed maturities, AFS at fair value 72,386 78,216
Fixed maturities, at fair value using the fair value option 1,627 1,641
Other equity investments 783 784
Trading securities, at fair value 589 631
Other invested assets: 6,535 7,141
Cash equivalents 3,798 3,568
Segregated securities 1,693 1,504
Amounts due from reinsurer 5,056 5,813
GMIB reinsurance contracts asset 1,582 1,848
Separate Accounts assets 136,094 146,697
Total Assets 230,143 247,843
Liabilities:    
Notes issued by consolidated variable interest entities, at fair value using the fair value option 1,378 1,277
Contingent payment arrangements 39 38
Total Liabilities 14,486 16,631
Recurring | Corporate    
Investments:    
Fixed maturities, AFS at fair value 50,195 52,511
Recurring | U.S. Treasury, government and agency    
Investments:    
Fixed maturities, AFS at fair value 9,348 15,385
Recurring | State and Political Subdivisions    
Investments:    
Fixed maturities, AFS at fair value 682 662
Recurring | Foreign governments    
Investments:    
Fixed maturities, AFS at fair value 1,084 1,152
Recurring | Residential mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 88 98
Recurring | Asset-backed    
Investments:    
Fixed maturities, AFS at fair value 7,424 5,934
Recurring | Commercial mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 3,517 2,421
Recurring | Redeemable preferred stock    
Investments:    
Fixed maturities, AFS at fair value 48 53
Recurring | Short-term investments    
Investments:    
Other invested assets: 306 30
Recurring | Assets of consolidated VIEs/VOEs    
Investments:    
Other invested assets: 497 627
Recurring | Swaps    
Investments:    
Other invested assets: (589) (473)
Recurring | Credit default swaps    
Investments:    
Other invested assets: 3 (1)
Recurring | Futures    
Investments:    
Other invested assets: 0 (1)
Recurring | Options    
Investments:    
Other invested assets: 6,318 6,959
Recurring | Swaptions    
Investments:    
Other invested assets:   0
Recurring | GMxB derivative features’ liability    
Liabilities:    
Guarantees 6,924 8,525
Recurring | SCS, SIO, MSO and IUL indexed features’ liability    
Liabilities:    
Guarantees 6,126 6,773
Recurring | Level 1    
Investments:    
Fixed maturities, AFS at fair value 0 0
Fixed maturities, at fair value using the fair value option 0
Other equity investments 315 322
Trading securities, at fair value 330 340
Other invested assets: 87 165
Cash equivalents 2,994 3,275
Segregated securities 0 0
Amounts due from reinsurer 0 0
GMIB reinsurance contracts asset 0 0
Separate Accounts assets 133,207 144,124
Total Assets 136,933 148,226
Liabilities:    
Notes issued by consolidated variable interest entities, at fair value using the fair value option 0 0
Contingent payment arrangements 0 0
Total Liabilities 16 16
Recurring | Level 1 | Corporate    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | U.S. Treasury, government and agency    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | State and Political Subdivisions    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | Foreign governments    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | Residential mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | Asset-backed    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | Commercial mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | Redeemable preferred stock    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 1 | Short-term investments    
Investments:    
Other invested assets: 0 0
Recurring | Level 1 | Assets of consolidated VIEs/VOEs    
Investments:    
Other invested assets: 87 166
Recurring | Level 1 | Swaps    
Investments:    
Other invested assets: 0 0
Recurring | Level 1 | Credit default swaps    
Investments:    
Other invested assets: 0 0
Recurring | Level 1 | Futures    
Investments:    
Other invested assets: 0 (1)
Recurring | Level 1 | Options    
Investments:    
Other invested assets: 0 0
Recurring | Level 1 | Swaptions    
Investments:    
Other invested assets:   0
Recurring | Level 1 | GMxB derivative features’ liability    
Liabilities:    
Guarantees 0 0
Recurring | Level 1 | SCS, SIO, MSO and IUL indexed features’ liability    
Liabilities:    
Guarantees 0 0
Recurring | Level 2    
Investments:    
Fixed maturities, AFS at fair value 70,101 76,649
Fixed maturities, at fair value using the fair value option 1,285 1,440
Other equity investments 461 457
Trading securities, at fair value 207 226
Other invested assets: 6,443 6,965
Cash equivalents 804 293
Segregated securities 1,693 1,504
Amounts due from reinsurer 0 0
GMIB reinsurance contracts asset 0 0
Separate Accounts assets 2,887 2,572
Total Assets 83,881 90,106
Liabilities:    
Notes issued by consolidated variable interest entities, at fair value using the fair value option 1,378 1,277
Contingent payment arrangements 0 0
Total Liabilities 7,507 8,052
Recurring | Level 2 | Corporate    
Investments:    
Fixed maturities, AFS at fair value 48,512 51,007
Recurring | Level 2 | U.S. Treasury, government and agency    
Investments:    
Fixed maturities, AFS at fair value 9,348 15,385
Recurring | Level 2 | State and Political Subdivisions    
Investments:    
Fixed maturities, AFS at fair value 650 627
Recurring | Level 2 | Foreign governments    
Investments:    
Fixed maturities, AFS at fair value 1,084 1,152
Recurring | Level 2 | Residential mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 88 98
Recurring | Level 2 | Asset-backed    
Investments:    
Fixed maturities, AFS at fair value 7,092 5,926
Recurring | Level 2 | Commercial mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 3,279 2,401
Recurring | Level 2 | Redeemable preferred stock    
Investments:    
Fixed maturities, AFS at fair value 48 53
Recurring | Level 2 | Short-term investments    
Investments:    
Other invested assets: 306 30
Recurring | Level 2 | Assets of consolidated VIEs/VOEs    
Investments:    
Other invested assets: 405 450
Recurring | Level 2 | Swaps    
Investments:    
Other invested assets: (589) (473)
Recurring | Level 2 | Credit default swaps    
Investments:    
Other invested assets: 3 (1)
Recurring | Level 2 | Futures    
Investments:    
Other invested assets: 0 0
Recurring | Level 2 | Options    
Investments:    
Other invested assets: 6,318 6,959
Recurring | Level 2 | Swaptions    
Investments:    
Other invested assets:   0
Recurring | Level 2 | GMxB derivative features’ liability    
Liabilities:    
Guarantees 0 0
Recurring | Level 2 | SCS, SIO, MSO and IUL indexed features’ liability    
Liabilities:    
Guarantees 6,126 6,773
Recurring | Level 3    
Investments:    
Fixed maturities, AFS at fair value 2,285 1,567
Fixed maturities, at fair value using the fair value option 342 201
Other equity investments 7 5
Trading securities, at fair value 52 65
Other invested assets: 5 11
Cash equivalents 0 0
Segregated securities 0 0
Amounts due from reinsurer 5,056 5,813
GMIB reinsurance contracts asset 1,582 1,848
Separate Accounts assets 0 1
Total Assets 9,329 9,511
Liabilities:    
Notes issued by consolidated variable interest entities, at fair value using the fair value option 0 0
Contingent payment arrangements 39 38
Total Liabilities 6,963 8,563
Recurring | Level 3 | Corporate    
Investments:    
Fixed maturities, AFS at fair value 1,683 1,504
Recurring | Level 3 | U.S. Treasury, government and agency    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 3 | State and Political Subdivisions    
Investments:    
Fixed maturities, AFS at fair value 32 35
Recurring | Level 3 | Foreign governments    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 3 | Residential mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 3 | Asset-backed    
Investments:    
Fixed maturities, AFS at fair value 332 8
Recurring | Level 3 | Commercial mortgage-backed    
Investments:    
Fixed maturities, AFS at fair value 238 20
Recurring | Level 3 | Redeemable preferred stock    
Investments:    
Fixed maturities, AFS at fair value 0 0
Recurring | Level 3 | Short-term investments    
Investments:    
Other invested assets: 0 0
Recurring | Level 3 | Assets of consolidated VIEs/VOEs    
Investments:    
Other invested assets: 5 11
Recurring | Level 3 | Swaps    
Investments:    
Other invested assets: 0 0
Recurring | Level 3 | Credit default swaps    
Investments:    
Other invested assets: 0 0
Recurring | Level 3 | Futures    
Investments:    
Other invested assets: 0 0
Recurring | Level 3 | Options    
Investments:    
Other invested assets: 0 0
Recurring | Level 3 | Swaptions    
Investments:    
Other invested assets:   0
Recurring | Level 3 | GMxB derivative features’ liability    
Liabilities:    
Guarantees 6,924 8,525
Recurring | Level 3 | SCS, SIO, MSO and IUL indexed features’ liability    
Liabilities:    
Guarantees 0 0
Recurring | NAV    
Investments:    
Separate Accounts assets 414 404
Variable Interest Entity, Primary Beneficiary | Recurring    
Liabilities:    
Guarantees 19 18
Variable Interest Entity, Primary Beneficiary | Recurring | Level 1    
Liabilities:    
Guarantees 16 16
Variable Interest Entity, Primary Beneficiary | Recurring | Level 2    
Liabilities:    
Guarantees 3 2
Variable Interest Entity, Primary Beneficiary | Recurring | Level 3    
Liabilities:    
Guarantees $ 0 $ 0
[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.