XML 91 R76.htm IDEA: XBRL DOCUMENT v3.21.1
Derivative Financial Instruments and Off-balance sheet Financial Instruments - Volume and fair value positions of derivative instruments (Details)
Dec. 31, 2020
USD ($)
contract
Dec. 31, 2019
USD ($)
contract
Derivatives, Fair Value    
Total asset derivatives, Notional amount $ 908,000,000 $ 10,000,000
Total liability derivatives, Notional amount 2,240,000,000 2,375,000,000
Total derivatives, Notional amount $ 3,148,000,000 $ 2,385,000,000
Total asset derivatives, Number of contracts | contract 3,189 3,484
Total liability derivatives, Number of contracts | contract 2,737 3,108
Total derivatives, Number of contracts | contract 5,926 6,592
Net amount on balance sheet $ 185,000,000 $ 124,000,000
Net amount on balance sheet (630,000,000) (482,000,000)
Total derivatives, Fair value, net (445,000,000) (358,000,000)
Asset derivatives, Gross asset 189,000,000 124,000,000
Liability derivatives, gross asset 1,000,000 10,000,000
Asset derivatives, gross liability (4,000,000) 0
Liability derivatives, Gross liability (631,000,000) (492,000,000)
Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount $ 905,000,000 $ 8,000,000
Total asset derivatives, Number of contracts | contract 3,189 3,484
Net amount on balance sheet $ 185,000,000 $ 124,000,000
Asset derivatives, Gross asset 189,000,000 124,000,000
Asset derivatives, gross liability (4,000,000) 0
Other | Derivatives designated as accounting hedging instruments | Other assets    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 3,000,000 2,000,000
Net amount on balance sheet 0 0
Asset derivatives, Gross asset 0 0
Asset derivatives, gross liability 0 0
Interest rate cap agreements | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 13,000,000  
Net amount on balance sheet 0  
Asset derivatives, Gross asset 0  
Asset derivatives, gross liability 0  
Interest rate cap agreements | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 19,000,000 34,000,000
Net amount on balance sheet 0 0
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability $ 0 $ 0
Futures | Derivatives not designated as accounting hedging instruments | Other assets    
Derivatives, Fair Value    
Total asset derivatives, Number of contracts | contract 312 476
Net amount on balance sheet $ 0 $ 0
Asset derivatives, Gross asset 0 0
Asset derivatives, gross liability $ 0 $ 0
Futures | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Number of contracts | contract 25 263
Net amount on balance sheet $ 0 $ 0
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability $ 0 $ 0
Options | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Number of contracts | contract 2,831 2,981
Net amount on balance sheet $ 184,000,000 $ 124,000,000
Asset derivatives, Gross asset 184,000,000 124,000,000
Asset derivatives, gross liability $ 0 $ 0
Options | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Number of contracts | contract 2,712 2,844
Net amount on balance sheet $ (110,000,000) $ (60,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability $ (110,000,000) $ (60,000,000)
Futures | Derivatives not designated as accounting hedging instruments | Other assets    
Derivatives, Fair Value    
Total asset derivatives, Number of contracts | contract 46 27
Net amount on balance sheet $ 0 $ 0
Asset derivatives, Gross asset 0 0
Asset derivatives, gross liability 0 $ 0
Futures | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Number of contracts | contract   1
Net amount on balance sheet   $ 0
Liability derivatives, gross asset   0
Total return swaps - fixed income | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount   7,000,000
Net amount on balance sheet   0
Asset derivatives, Gross asset   0
Asset derivatives, gross liability   0
Total return swaps - fixed income | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Notional amount   10,000,000
Net amount on balance sheet   0
Liability derivatives, gross asset   0
Liability derivatives, Gross liability   0
Total return swaps - equity index | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 8,000,000  
Net amount on balance sheet 1,000,000  
Asset derivatives, Gross asset 1,000,000  
Asset derivatives, gross liability 0  
Total return swaps - equity index | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Notional amount   14,000,000
Net amount on balance sheet   1,000,000
Liability derivatives, gross asset   1,000,000
Liability derivatives, Gross liability   0
Foreign currency forwards | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 113,000,000  
Net amount on balance sheet 1,000,000  
Asset derivatives, Gross asset 4,000,000  
Asset derivatives, gross liability (3,000,000)  
Foreign currency forwards | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 117,000,000 242,000,000
Net amount on balance sheet (4,000,000) 6,000,000
Liability derivatives, gross asset 1,000,000 9,000,000
Liability derivatives, Gross liability (5,000,000) (3,000,000)
Embedded derivative financial instruments | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 750,000,000  
Net amount on balance sheet 0  
Asset derivatives, Gross asset 0  
Asset derivatives, gross liability 0  
Guaranteed accumulation benefits | Derivatives not designated as accounting hedging instruments | Contractholder funds    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 128,000,000 161,000,000
Net amount on balance sheet (18,000,000) (18,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (18,000,000) (18,000,000)
Guaranteed withdrawal benefits | Derivatives not designated as accounting hedging instruments | Contractholder funds    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 190,000,000 205,000,000
Net amount on balance sheet (15,000,000) (14,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (15,000,000) (14,000,000)
Equity-indexed and forward starting options in life and annuity product contracts | Derivatives not designated as accounting hedging instruments | Contractholder funds    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 1,785,000,000 1,678,000,000
Net amount on balance sheet (483,000,000) (395,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (483,000,000) (395,000,000)
Credit default swaps - buying protection | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 17,000,000 1,000,000
Net amount on balance sheet (1,000,000) 0
Asset derivatives, Gross asset 0 0
Asset derivatives, gross liability (1,000,000) 0
Credit default swaps - buying protection | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Notional amount   26,000,000
Net amount on balance sheet   (2,000,000)
Liability derivatives, gross asset   0
Liability derivatives, Gross liability   (2,000,000)
Credit default swaps - selling protection | Derivatives not designated as accounting hedging instruments | Other investments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 4,000,000  
Net amount on balance sheet 0  
Asset derivatives, Gross asset 0  
Asset derivatives, gross liability 0  
Credit default swaps - selling protection | Derivatives not designated as accounting hedging instruments | Other liabilities & accrued expenses    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 1,000,000 5,000,000
Net amount on balance sheet 0 0
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability $ 0 $ 0