XML 84 R74.htm IDEA: XBRL DOCUMENT v3.23.3
FAIR VALUE MEASUREMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Fixed maturity securities, available-for-sale $ 69,801 $ 75,741
Equity securities 990 1,091
Other investments 2,288 1,532
Cash and cash equivalents 5,502 3,943
Asset derivatives 578 617
Total assets 79,159 82,924
Liabilities:    
Liability derivatives 1,666 1,698
Total liabilities 1,666 1,698
Foreign currency swaps    
Assets:    
Asset derivatives 98 128
Liabilities:    
Liability derivatives 442 390
Foreign currency forwards    
Assets:    
Asset derivatives 479 400
Liabilities:    
Liability derivatives 588 725
Foreign currency options    
Assets:    
Asset derivatives 1 82
Interest rate swaps    
Assets:    
Asset derivatives   7
Liabilities:    
Liability derivatives 636 583
Government and agencies    
Assets:    
Fixed maturity securities, available-for-sale 21,952 25,114
Municipalities    
Assets:    
Fixed maturity securities, available-for-sale 2,141 2,320
Mortgage- and asset-backed securities    
Assets:    
Fixed maturity securities, available-for-sale 2,996 2,146
Public utilities    
Assets:    
Fixed maturity securities, available-for-sale 7,250 7,666
Sovereign and supranational    
Assets:    
Fixed maturity securities, available-for-sale 511 834
Banks/financial institutions    
Assets:    
Fixed maturity securities, available-for-sale 8,341 9,299
Other corporate    
Assets:    
Fixed maturity securities, available-for-sale 26,610 28,362
Level 1    
Assets:    
Fixed maturity securities, available-for-sale 21,095 24,158
Equity securities 787 822
Other investments 2,288 1,532
Cash and cash equivalents 5,502 3,943
Asset derivatives 0 0
Total assets 29,672 30,455
Liabilities:    
Total liabilities 0 0
Level 1 | Foreign currency swaps    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 1 | Foreign currency forwards    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 1 | Foreign currency options    
Assets:    
Asset derivatives 0 0
Level 1 | Interest rate swaps    
Assets:    
Asset derivatives   0
Liabilities:    
Liability derivatives 0 0
Level 1 | Government and agencies    
Assets:    
Fixed maturity securities, available-for-sale 21,095 24,158
Level 1 | Municipalities    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 1 | Mortgage- and asset-backed securities    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 1 | Public utilities    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 1 | Sovereign and supranational    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 1 | Banks/financial institutions    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 1 | Other corporate    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 2    
Assets:    
Fixed maturity securities, available-for-sale 47,102 49,805
Equity securities 0 60
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 578 617
Total assets 47,680 50,482
Liabilities:    
Total liabilities 1,666 1,698
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 98 128
Liabilities:    
Liability derivatives 442 390
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 479 400
Liabilities:    
Liability derivatives 588 725
Level 2 | Foreign currency options    
Assets:    
Asset derivatives 1 82
Level 2 | Interest rate swaps    
Assets:    
Asset derivatives   7
Liabilities:    
Liability derivatives 636 583
Level 2 | Government and agencies    
Assets:    
Fixed maturity securities, available-for-sale 857 956
Level 2 | Municipalities    
Assets:    
Fixed maturity securities, available-for-sale 2,141 2,320
Level 2 | Mortgage- and asset-backed securities    
Assets:    
Fixed maturity securities, available-for-sale 2,316 1,803
Level 2 | Public utilities    
Assets:    
Fixed maturity securities, available-for-sale 6,991 7,169
Level 2 | Sovereign and supranational    
Assets:    
Fixed maturity securities, available-for-sale 480 797
Level 2 | Banks/financial institutions    
Assets:    
Fixed maturity securities, available-for-sale 8,271 9,140
Level 2 | Other corporate    
Assets:    
Fixed maturity securities, available-for-sale 26,046 27,620
Level 3    
Assets:    
Fixed maturity securities, available-for-sale 1,604 1,778
Equity securities 203 209
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 0 0
Total assets 1,807 1,987
Liabilities:    
Total liabilities 0 0
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 3 | Foreign currency forwards    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 3 | Foreign currency options    
Assets:    
Asset derivatives 0 0
Level 3 | Interest rate swaps    
Assets:    
Asset derivatives   0
Liabilities:    
Liability derivatives 0 0
Level 3 | Government and agencies    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 3 | Municipalities    
Assets:    
Fixed maturity securities, available-for-sale 0 0
Level 3 | Mortgage- and asset-backed securities    
Assets:    
Fixed maturity securities, available-for-sale 680 343
Level 3 | Public utilities    
Assets:    
Fixed maturity securities, available-for-sale 259 497
Level 3 | Sovereign and supranational    
Assets:    
Fixed maturity securities, available-for-sale 31 37
Level 3 | Banks/financial institutions    
Assets:    
Fixed maturity securities, available-for-sale 70 159
Level 3 | Other corporate    
Assets:    
Fixed maturity securities, available-for-sale $ 564 $ 742