XML 83 R62.htm IDEA: XBRL DOCUMENT v3.22.1
Investments - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net investment income        
Mortgage loans, net $ 3,359 $ 2,951 $ 3,359  
Threshold percentage of mortgage loans to total carrying value   5.00%    
Fair value 23,907 $ 17,937 23,907  
Threshold percentage of municipal to total carrying value   5.00%    
Short-term investments 974 $ 1,035 974  
Policy loans 582 525 582  
Fixed income and equity securities loaned 322   322  
Interest income on collateral, net of fees     1 $ 1
Below investment grade assets 2,990 1,340 2,990  
Fixed income securities and short-term investments deposited with regulatory authorities   24    
Non-income producing fixed income securities and other investments   2    
Accrued investment income 231 155 231  
Net gains and losses on investments and derivatives 4 624 266 341
Mortgage loans        
Net investment income        
Payments to acquire investments 217      
Reduction of allowance related to sales 15      
Municipal        
Net investment income        
Fair value 2,007 817 2,007  
Fixed income securities        
Net investment income        
Accrued investment income 198 131 198  
Mortgage loans        
Net investment income        
Accrued investment income 13 11 13  
Reduction of allowance related to sales   4 15  
Allowance for credit loss 59 $ 27 59 $ 3
Agent loans        
Net investment income        
Accrued investment income 2   2  
Agent loans, high credit quality (in percentage)   85.00%    
Allowance for credit loss 5 $ 0 5  
Bank loans        
Net investment income        
Accrued investment income 1   1  
Allowance for credit loss $ 16 $ 7 $ 16