XML 67 R58.htm IDEA: XBRL DOCUMENT v3.23.4
Investments - Net Realized Capital Gains and Sale of AFS (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2020
Gain (Loss) on Securities [Line Items]        
Gross gains on sales $ 14 $ 55 $ 2 $ 166
Gross losses on sales (20) (8) (532) (32)
Net realized gains (losses) on sales of equity securities 19 0 5 0
Change in net unrealized gains (losses) on equity securities (2) 0 (24) 1
Net credit losses on fixed maturities, AFS 0 0 (1) (1)
Intent-to-sell impairments 0 0 0 (6)
Transactional foreign currency revaluation 0 0 0 3
Net realized capital losses (20) (242) (10) (74)
Assets, unrealized gains (losses) related to equity securities still held (6) (59) (6)  
Fixed maturities, available-for-sale 2,976 1,622 6,185 2,824
Not Designated as Hedging Instrument        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives (25) (299) 782 (187)
Not Designated as Hedging Instrument | Other        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives 37 (54) 506 149
FIA embedded derivative        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives     270  
FIA hedging program        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives     (247)  
GMWB derivatives, net        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives       82
Macro hedge program        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives (67) (243) (1) (414)
Macro hedge program | Not Designated as Hedging Instrument        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives (100) (301) (1) (414)
Foreign currency swaps and forwards | Not Designated as Hedging Instrument        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives 5 (2) 7 (7)
Modified Coinsurance Reinsurance Contract | Not Designated as Hedging Instrument        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives 15 22 809 (50)
Other investments        
Gain (Loss) on Securities [Line Items]        
Other, net 16 (72) (290) 192
Other investments | Not Designated as Hedging Instrument | Other        
Gain (Loss) on Securities [Line Items]        
Gain (loss) on derivatives 22 (76) (303) 199
Mortgage loan        
Gain (Loss) on Securities [Line Items]        
Current period provision (release) 0 6 (3) (8)
Fixed Maturities, FVO        
Gain (Loss) on Securities [Line Items]        
Gross gains on sales 14 55 2 165
Gross losses on sales (16) (8) (531) (31)
Change in fair value, FVO     (21)  
Fixed maturities, available-for-sale 2,372 1,007 5,897 1,789
Limited partnerships and other alternative investments        
Gain (Loss) on Securities [Line Items]        
Change in fair value, FVO     16  
Equity securities, at fair value        
Gain (Loss) on Securities [Line Items]        
Assets, unrealized gains (losses) related to equity securities still held $ (3) $ 1 $ (24) $ 4