XML 100 R40.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements Level 4 Fair Value by Hierarchy (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Jun. 01, 2018
May 31, 2018
Dec. 31, 2017
ABS [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale $ 295 $ 516      
ABS [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
ABS [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 282 514      
ABS [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 13 2      
Collateralized Debt Obligations [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 1,150 963      
Collateralized Debt Obligations [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
Collateralized Debt Obligations [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 1,092 886      
Collateralized Debt Obligations [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 58 77      
Commercial Mortgage Backed Securities [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 1,391 1,407      
Commercial Mortgage Backed Securities [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
Commercial Mortgage Backed Securities [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 1,354 1,366      
Commercial Mortgage Backed Securities [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 37 41      
Commercial Mortgage Backed Securities [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 37 1      
Corporate [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 8,121 7,678      
Corporate [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
Corporate [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 7,734 7,351      
Corporate [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 387 327      
Corporate [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 309 144      
Debt Security, Government, Non-US [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 409 377      
Debt Security, Government, Non-US [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
Debt Security, Government, Non-US [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 409 377      
Debt Security, Government, Non-US [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
US States and Political Subdivisions Debt Securities [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 761 734      
US States and Political Subdivisions Debt Securities [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
US States and Political Subdivisions Debt Securities [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 761 734      
US States and Political Subdivisions Debt Securities [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
Residential Mortgage Backed Securities [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 868 1,033      
Fair Value, Option, Fixed Maturity Securities 6        
Residential Mortgage Backed Securities [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
Residential Mortgage Backed Securities [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 621 590      
Residential Mortgage Backed Securities [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 247 443      
Residential Mortgage Backed Securities [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 247 426      
US Treasury Securities [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 993 1,131      
US Treasury Securities [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 322      
US Treasury Securities [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 993 809      
US Treasury Securities [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 0      
Separate Account Assets, at Carrying Value 2,400 3,600      
Debt Securities, Available-for-sale 13,988 13,839      
Fair Value, Option, Fixed Maturity Securities 6 12      
Equity securities, AFS 45 116      
Derivative Asset   212      
Short-term investments 550 844      
Reinsurance recoverables 28,824 29,564 $ 22,615    
Separate Account Assets 104,575 98,814 110,773    
Total assets accounted for at fair value on a recurring basis 116,376 109,799      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value 859 1,281 1,290 $ 1,290 $ 1,581
Liabilities accounted for at fair value on a recurring basis          
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value 110 80 21 21 75
Total liabilities accounted for at fair value on a recurring basis (198) (164)      
Liability [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure (5) (80)      
Guaranteed Minimum Withdrawal Benefit [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure (5) (80)      
Reported Value Measurement [Member]          
Assets accounted for at fair value on a recurring basis          
Separate Account Assets 101,698 94,724      
Estimate of Fair Value Measurement [Member]          
Assets accounted for at fair value on a recurring basis          
Separate Account Assets 461 468      
Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 0 322      
Fair Value, Option, Fixed Maturity Securities 0 0      
Equity securities, AFS 11 54      
Short-term investments 330 464      
Total assets accounted for at fair value on a recurring basis 64,191 60,201      
Liabilities accounted for at fair value on a recurring basis          
Total liabilities accounted for at fair value on a recurring basis 0 0      
Level 1 [Member] | Liability [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure 0 0      
Level 1 [Member] | Guaranteed Minimum Withdrawal Benefit [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure 0 0      
Level 1 [Member] | Reported Value Measurement [Member]          
Assets accounted for at fair value on a recurring basis          
Separate Account Assets 63,850 59,361      
Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 13,246 12,627      
Fair Value, Option, Fixed Maturity Securities 6 12      
Equity securities, AFS 1 16      
Derivative Asset   44      
Short-term investments 214 380      
Total assets accounted for at fair value on a recurring basis 51,292 48,414      
Liabilities accounted for at fair value on a recurring basis          
Total liabilities accounted for at fair value on a recurring basis (54) (181)      
Level 2 [Member] | Liability [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure 0 0      
Level 2 [Member] | Guaranteed Minimum Withdrawal Benefit [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure 0 0      
Level 2 [Member] | Reported Value Measurement [Member]          
Assets accounted for at fair value on a recurring basis          
Separate Account Assets 37,825 35,323      
Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Debt Securities, Available-for-sale 742 890      
Fair Value, Option, Fixed Maturity Securities 0 0      
Equity securities, AFS 33 46      
Derivative Asset   168      
Short-term investments 6 0      
Total assets accounted for at fair value on a recurring basis 893 1,184      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value 23 40 $ 55 $ 55 $ 185
Liabilities accounted for at fair value on a recurring basis          
Total liabilities accounted for at fair value on a recurring basis 144 17      
Level 3 [Member] | Liability [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure (5) (80)      
Level 3 [Member] | Guaranteed Minimum Withdrawal Benefit [Member]          
Liabilities accounted for at fair value on a recurring basis          
Obligations, Fair Value Disclosure   (80)      
Level 3 [Member] | Reported Value Measurement [Member]          
Assets accounted for at fair value on a recurring basis          
Separate Account Assets 23 40      
Credit Risk Contract [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net (1)        
Credit Risk Contract [Member] | Fair Value, Measurements, Recurring [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net   2      
Credit Risk Contract [Member] | Level 1 [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net 0        
Credit Risk Contract [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net   0      
Credit Risk Contract [Member] | Level 2 [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net (1)        
Credit Risk Contract [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net   2      
Credit Risk Contract [Member] | Level 3 [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net 0        
Credit Risk Contract [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Assets (Liabilities), at Fair Value, Net   0      
Foreign Exchange Contract [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability (7) (91)      
Foreign Exchange Contract [Member] | Level 1 [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 0 0      
Foreign Exchange Contract [Member] | Level 2 [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability (7) (91)      
Foreign Exchange Contract [Member] | Level 3 [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 0 0      
Interest Rate Contract [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset   36      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability (39) (137)      
Interest Rate Contract [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset   0      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 0 0      
Interest Rate Contract [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset   36      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 37 (110)      
Interest Rate Contract [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset   0      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability (2) (27)      
US GMWB Hedging Instruments [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 23 44      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability (50) (27)      
US GMWB Hedging Instruments [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 0 0      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 0 0      
US GMWB Hedging Instruments [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 0 8      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability (35) (18)      
US GMWB Hedging Instruments [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 23 36      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability (15) (9)      
Macro Hedge Program [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 49 132      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 163 (115)      
Macro Hedge Program [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 0 0      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 0 0      
Macro Hedge Program [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 0 0      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 1 0      
Macro Hedge Program [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 49 132      
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 162 (115)      
Derivative Financial Instruments, Assets [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 72        
Derivative Financial Instruments, Assets [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 0        
Derivative Financial Instruments, Assets [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset 72        
GMWB Reinsurance [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance recoverables 17 40      
GMWB Reinsurance [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance recoverables 0 0      
GMWB Reinsurance [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance recoverables 0 0      
GMWB Reinsurance [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance recoverables 17 40      
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO 43 12      
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Level 1 [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO 0 0      
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Level 2 [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO 43 12      
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Level 3 [Member]          
Assets accounted for at fair value on a recurring basis          
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO 0 0      
Derivative Financial Instruments, Liabilities [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 160 84      
Derivative Financial Instruments, Liabilities [Member] | Level 1 [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 0 0      
Derivative Financial Instruments, Liabilities [Member] | Level 2 [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 11 181      
Derivative Financial Instruments, Liabilities [Member] | Level 3 [Member]          
Liabilities accounted for at fair value on a recurring basis          
Derivative Liability 149 (97)      
Derivative Financial Instruments, Assets [Member] | Other Investments and Other Liabilities [Member]          
Assets accounted for at fair value on a recurring basis          
Derivative Asset $ 72 $ 212