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FAIR VALUE MEASUREMENTS - Changes in Investments and Derivatives Carried at Fair Value Classified as Level 3 (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 2,077 $ 1,940 $ 2,029 $ 1,987
Net investment gains (losses) included in earnings (1) (8) (5) (6)
Unrealized gains (losses) included in other comprehensive income (loss) (17) (52) (36) (7)
Purchases 286 173 506 450
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (26) (25) (168) (154)
Transfers into Level 3 246 124 472 142
Transfers out of Level 3 (352) (312) (585) (572)
Balance, end of period 2,213 1,840 2,213 1,840
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ (2) $ (8) $ (4) $ (5)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net investment gains (losses) Net investment gains (losses) Net investment gains (losses) Net investment gains (losses)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax
Fixed maturity securities | Mortgage- and asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 859 $ 418 $ 772 $ 343
Net investment gains (losses) included in earnings 1 0 2 0
Unrealized gains (losses) included in other comprehensive income (loss) (5) (13) (9) (10)
Purchases 189 136 307 328
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (21) (13) (49) (133)
Transfers into Level 3 190 124 190 124
Transfers out of Level 3 0 0 0 0
Balance, end of period 1,213 652 1,213 652
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 1 0 2 0
Fixed maturity securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 507 350 253 497
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (1) (16) (11) (6)
Purchases 39 0 99 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (3) (2) (25) (9)
Transfers into Level 3 56 0 282 18
Transfers out of Level 3 (233) (30) (233) (198)
Balance, end of period 365 302 365 302
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 28 37 30 37
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (1) (3) (3) (3)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (2) (2) (2) (2)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 25 32 25 32
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Fixed maturity securities | Banks/financial institutions        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 74 161 78 159
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (5) 2 (9) 4
Purchases 0 0 5 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 (7) (5) (7)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (87) 0 (87)
Balance, end of period 69 69 69 69
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Fixed maturity securities | Other corporate        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 450 753 648 742
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (5) (22) (4) 8
Purchases 58 37 95 112
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 (1) (3) (3)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (119) (195) (352) (287)
Balance, end of period 384 572 384 572
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 159 221 248 209
Net investment gains (losses) included in earnings (2) (8) (7) (6)
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 10
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 (84) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 157 213 157 213
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ (3) $ (8) $ (6) $ (5)