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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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 2,213 $ 1,840 $ 2,029 $ 1,987
Net investment gains (losses) included in earnings 3 (7) (2) (13)
Unrealized gains (losses) included in other comprehensive income (loss) 99 (69) 63 (76)
Purchases 184 127 690 577
Issuances 0 0 0 0
Sales (1) 0 (1) 0
Settlements (24) (17) (192) (171)
Transfers into Level 3 159 42 631 184
Transfers out of Level 3 (281) (109) (866) (681)
Balance, end of period 2,352 1,807 2,352 1,807
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ 7 $ (3) $ 3 $ (7)
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 $ 1,213 $ 652 $ 772 $ 343
Net investment gains (losses) included in earnings 1 0 3 0
Unrealized gains (losses) included in other comprehensive income (loss) 57 (13) 48 (23)
Purchases 31 55 338 383
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (18) (11) (67) (144)
Transfers into Level 3 15 0 205 124
Transfers out of Level 3 (90) (3) (90) (3)
Balance, end of period 1,209 680 1,209 680
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 3 1
Fixed maturity securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 365 302 253 497
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 19 (12) 8 (18)
Purchases 48 36 147 36
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (1) (6) (26) (15)
Transfers into Level 3 139 0 421 18
Transfers out of Level 3 0 (61) (233) (259)
Balance, end of period 570 259 570 259
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 1
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 25 32 30 37
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 3 (1) 0 (4)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 (2) (2)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 28 31 28 31
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 69 69 78 159
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 (2) (9) 2
Purchases 4 0 9 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (4) 0 (9) (7)
Transfers into Level 3 0 3 0 3
Transfers out of Level 3 (59) 0 (59) (87)
Balance, end of period 10 70 10 70
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 384 572 648 742
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 20 (41) 16 (33)
Purchases 98 36 193 148
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (1) 0 (4) (3)
Transfers into Level 3 5 39 5 39
Transfers out of Level 3 (132) (42) (484) (329)
Balance, end of period 374 564 374 564
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 157 213 248 209
Net investment gains (losses) included in earnings 2 (7) (5) (13)
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 3 0 3 10
Issuances 0 0 0 0
Sales (1) 0 (1) 0
Settlements 0 0 (84) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (3) 0 (3)
Balance, end of period 161 203 161 203
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ 6 $ (3) $ 0 $ (9)