XML 75 R93.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value Measurements (excluding Consolidated Investment Entities) - Level 3 Financial Instruments (Details) - Assets measured on recurring basis - Level 3 - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Assets held in separate accounts      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   $ 62.0 $ 11.0
Total Realized/Unrealized Gains (Losses) Included in Net income   4.0 1.0
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   78.0 67.0
Issuances   0.0 0.0
Sales   (1.0) (6.0)
Settlements   0.0 0.0
Transfers into Level 3   3.0 0.0
Transfers out of Level 3   (30.0) (11.0)
Assets, Fair Value, ending balance $ 62.0 116.0 62.0
Change In Unrealized Gains (Losses) Included in Earnings   0.0 0.0
Other derivatives, net      
Derivatives Rollforward:      
Fair Value, Derivatives, beginning balance   0.0 5.0
Total Realized/Unrealized Gains (Losses) Included in Net income     0.0
Total Realized/Unrealized Gains (Losses) Included in OCI     0.0
Purchases     0.0
Issuances     0.0
Sales     0.0
Settlements     (5.0)
Transfers in to Level 3     0.0
Transfers out of Level 3     0.0
Fair Value, Derivatives, ending balance 0.0   0.0
Change in Unrealized Gains (Losses) in Earnings     (5.0)
Other      
Derivatives Rollforward:      
Fair Value, Derivatives, beginning balance   (44.0) (147.0)
Total Realized/Unrealized Gains (Losses) Included in Net income   (6.0) 92.0
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   0.0 0.0
Issuances   (9.0) (5.0)
Sales   0.0 0.0
Settlements   (1.0) 16.0
Transfers in to Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Fair Value, Derivatives, ending balance (44.0) (60.0) (44.0)
Change in Unrealized Gains (Losses) in Earnings   0.0 0.0
U.S. corporate public securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   34.0 48.0
Total Realized/Unrealized Gains (Losses) Included in Net income   (1.0) 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   (5.0) 1.0
Purchases   5.0 26.0
Issuances   0.0 0.0
Sales   0.0 (13.0)
Settlements   (7.0) 0.0
Transfers into Level 3   38.0 0.0
Transfers out of Level 3   0.0 (26.0)
Assets, Fair Value, ending balance 34.0 74.0 34.0
Change In Unrealized Gains (Losses) Included in Earnings   (1.0) 0.0
U.S. corporate private securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   1,134.0 942.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 5.0
Total Realized/Unrealized Gains (Losses) Included in OCI   (90.0) 48.0
Purchases   342.0 319.0
Issuances   0.0 0.0
Sales   (23.0) (20.0)
Settlements   (86.0) (84.0)
Transfers into Level 3   11.0 31.0
Transfers out of Level 3   (11.0) (11.0)
Assets, Fair Value, ending balance 1,134.0 1,457.0 1,134.0
Change In Unrealized Gains (Losses) Included in Earnings   0.0 0.0
Foreign corporate private securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   217.0 162.0
Total Realized/Unrealized Gains (Losses) Included in Net income   (24.0) (6.0)
Total Realized/Unrealized Gains (Losses) Included in OCI   (46.0) (6.0)
Purchases   169.0 134.0
Issuances   0.0 0.0
Sales   (80.0) (57.0)
Settlements   0.0 (22.0)
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Assets, Fair Value, ending balance 217.0 328.0 217.0
Change In Unrealized Gains (Losses) Included in Earnings   2.0 (13.0)
Residential mortgage-backed securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   28.0 31.0
Total Realized/Unrealized Gains (Losses) Included in Net income   (11.0) (9.0)
Total Realized/Unrealized Gains (Losses) Included in OCI   (1.0) 0.0
Purchases   13.0 15.0
Issuances   0.0 0.0
Sales   (6.0) 0.0
Settlements   0.0 0.0
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   (2.0) (9.0)
Assets, Fair Value, ending balance 28.0 23.0 28.0
Change In Unrealized Gains (Losses) Included in Earnings   (7.0) (9.0)
Commercial mortgage-backed securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   14.0 7.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   0.0 14.0
Issuances   0.0 0.0
Sales   0.0 0.0
Settlements   0.0 0.0
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   (14.0) (7.0)
Assets, Fair Value, ending balance 14.0 0.0 14.0
Change In Unrealized Gains (Losses) Included in Earnings   0.0 0.0
Other asset-backed securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   127.0 64.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   (1.0) 3.0
Purchases   8.0 67.0
Issuances   0.0 0.0
Sales   0.0 0.0
Settlements   (3.0) (5.0)
Transfers into Level 3   0.0 29.0
Transfers out of Level 3   (55.0) (25.0)
Assets, Fair Value, ending balance 127.0 78.0 127.0
Change In Unrealized Gains (Losses) Included in Earnings   0.0 0.0
Fixed maturities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   1,554.0 1,254.0
Total Realized/Unrealized Gains (Losses) Included in Net income   (36.0) (10.0)
Total Realized/Unrealized Gains (Losses) Included in OCI   (143.0) 46.0
Purchases   537.0 575.0
Issuances   0.0 0.0
Sales   (109.0) (90.0)
Settlements   (96.0) (111.0)
Transfers into Level 3   49.0 60.0
Transfers out of Level 3   (82.0) (78.0)
Assets, Fair Value, ending balance 1,554.0 1,960.0 1,554.0
Change In Unrealized Gains (Losses) Included in Earnings   (6.0) (22.0)
Equity securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   103.0 87.0
Total Realized/Unrealized Gains (Losses) Included in Net income   (17.0) (7.0)
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   42.0 25.0
Issuances   0.0 0.0
Sales   0.0 (2.0)
Settlements   0.0 0.0
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Assets, Fair Value, ending balance 103.0 128.0 103.0
Change In Unrealized Gains (Losses) Included in Earnings   (17.0) (8.0)
Held for sale | Other derivatives, net      
Derivatives Rollforward:      
Fair Value, Derivatives, beginning balance   83.0 153.0
Total Realized/Unrealized Gains (Losses) Included in Net income   111.0 (65.0)
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   45.0 42.0
Issuances   0.0 0.0
Sales   0.0 0.0
Settlements   (37.0) (47.0)
Transfers in to Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Fair Value, Derivatives, ending balance 83.0 202.0 83.0
Change in Unrealized Gains (Losses) in Earnings   119.0 (70.0)
Held for sale | IUL      
Derivatives Rollforward:      
Fair Value, Derivatives, beginning balance   (82.0) (159.0)
Total Realized/Unrealized Gains (Losses) Included in Net income   (134.0) 69.0
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   0.0 0.0
Issuances   (56.0) (53.0)
Sales   0.0 0.0
Settlements   55.0 61.0
Transfers in to Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Fair Value, Derivatives, ending balance (82.0) (217.0) (82.0)
Change in Unrealized Gains (Losses) in Earnings   0.0 0.0
Held for sale | U.S. corporate public securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   10.0 9.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   (2.0) 1.0
Purchases   0.0 5.0
Issuances   0.0 0.0
Sales   0.0 3.0
Settlements   (1.0) 0.0
Transfers into Level 3   22.0 0.0
Transfers out of Level 3   (1.0) 0.0
Assets, Fair Value, ending balance 10.0 32.0 10.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | U.S. corporate private securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   259.0 185.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 2.0
Total Realized/Unrealized Gains (Losses) Included in OCI   (23.0) 11.0
Purchases   50.0 85.0
Issuances   0.0 0.0
Sales   (2.0) 0.0
Settlements   (15.0) 9.0
Transfers into Level 3   1.0 8.0
Transfers out of Level 3   0.0 1.0
Assets, Fair Value, ending balance 259.0 316.0 259.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | Foreign corporate public securities and foreign governments      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   11.0 11.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   4.0 0.0
Purchases   0.0 0.0
Issuances   0.0 0.0
Sales   0.0 0.0
Settlements   0.0 0.0
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Assets, Fair Value, ending balance 11.0 7.0 11.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | Foreign corporate private securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   34.0 7.0
Total Realized/Unrealized Gains (Losses) Included in Net income   (4.0) 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   (11.0) (2.0)
Purchases   52.0 39.0
Issuances   0.0 0.0
Sales   (13.0) 13.0
Settlements   0.0 (1.0)
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Assets, Fair Value, ending balance 34.0 80.0 34.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | Residential mortgage-backed securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   0.0 11.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   0.0 0.0
Issuances   0.0 0.0
Sales   0.0 11.0
Settlements   0.0 0.0
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Assets, Fair Value, ending balance 0.0 0.0 0.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | Commercial mortgage-backed securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   0.0 10.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   0.0 0.0
Issuances   0.0 0.0
Sales   0.0 0.0
Settlements   0.0 0.0
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   0.0 10.0
Assets, Fair Value, ending balance 0.0 0.0 0.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | Other asset-backed securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   11.0 27.0
Total Realized/Unrealized Gains (Losses) Included in Net income   0.0 0.0
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 1.0
Purchases   0.0 0.0
Issuances   0.0 0.0
Sales   0.0 0.0
Settlements   0.0 0.0
Transfers into Level 3   0.0 6.0
Transfers out of Level 3   (5.0) 21.0
Assets, Fair Value, ending balance 11.0 6.0 11.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | Fixed maturities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   325.0 260.0
Total Realized/Unrealized Gains (Losses) Included in Net income   (4.0) 2.0
Total Realized/Unrealized Gains (Losses) Included in OCI   (32.0) 11.0
Purchases   102.0 129.0
Issuances   0.0 0.0
Sales   (15.0) 27.0
Settlements   (16.0) 10.0
Transfers into Level 3   23.0 14.0
Transfers out of Level 3   (6.0) 32.0
Assets, Fair Value, ending balance 325.0 441.0 325.0
Change In Unrealized Gains (Losses) Included in Earnings 0.0 0.0  
Held for sale | Equity securities      
Fixed Maturities and Equity Securities Rollforward:      
Assets, Fair Value, beginning balance   25.0 14.0
Total Realized/Unrealized Gains (Losses) Included in Net income   1.0 (1.0)
Total Realized/Unrealized Gains (Losses) Included in OCI   0.0 0.0
Purchases   7.0 12.0
Issuances   0.0 0.0
Sales   0.0 0.0
Settlements   0.0 0.0
Transfers into Level 3   0.0 0.0
Transfers out of Level 3   0.0 0.0
Assets, Fair Value, ending balance $ 25.0 33.0 25.0
Change In Unrealized Gains (Losses) Included in Earnings   $ 1.0 $ (1.0)