XML 94 R79.htm IDEA: XBRL DOCUMENT v3.23.1
Reinsurance - Summary of the composition of pool of assets (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Jan. 01, 2021
Effects of Reinsurance [Line Items]        
Bonds available for sale [1] $ 229,397   $ 226,156  
Fixed maturity securities - fair value option [1] 4,762   4,485  
Loans 51,616   50,321  
Investment real estate 2,199   2,153  
Short-term investments [1] 13,253   12,376  
Derivative assets net, carrying value 616   514  
Derivative assets, net, fair value 4,791   6,049  
Other assets 12,967 [1]   12,384 [1] $ 13,520
Total assets 536,627   522,228 $ 598,841
Carrying Value        
Effects of Reinsurance [Line Items]        
Short-term investments 6,387   6,668  
Other assets 30   33  
Hedge Funds and Private Equity Funds        
Effects of Reinsurance [Line Items]        
Fair Value Using NAV Per Share (or its equivalent) 11,852   11,809  
Commercial mortgage loans        
Effects of Reinsurance [Line Items]        
Loans 37,779   37,128  
Policy loans        
Effects of Reinsurance [Line Items]        
Loans 1,747   1,758  
Fortitude Holdings        
Effects of Reinsurance [Line Items]        
Change in net unrealized gains (losses), gross 704 $ (3,300)    
Change in net unrealized gains (losses), net of tax 556 $ (2,600)    
Derivative asset, Fair value of collateral 278   192  
Derivative liability, Fair value of collateral 24   28  
Fortitude Holdings | Carrying Value        
Effects of Reinsurance [Line Items]        
Bonds available for sale 18,640   18,821  
Fixed maturity securities - fair value option 4,406   4,182  
Investment real estate 130   133  
Short-term investments 184   75  
Funds withheld investment assets 29,758   29,566  
Derivative assets net, carrying value 80   90  
Other assets 570   782  
Total assets 30,408   30,438  
Fortitude Holdings | Estimated Fair Value        
Effects of Reinsurance [Line Items]        
Bonds available for sale 18,640   18,821  
Fixed maturity securities - fair value option 4,406   4,182  
Investment real estate 315   348  
Short-term investments 184   75  
Funds withheld investment assets 29,718   29,511  
Derivative assets, net, fair value 80   90  
Other assets 570   782  
Total 30,368   30,383  
Fortitude Holdings | Hedge Funds and Private Equity Funds | Carrying Value        
Effects of Reinsurance [Line Items]        
Fair Value Using NAV Per Share (or its equivalent) 1,901   1,893  
Fortitude Holdings | Hedge Funds and Private Equity Funds | Estimated Fair Value        
Effects of Reinsurance [Line Items]        
Fair Value Using NAV Per Share (or its equivalent) 1,901   1,893  
Fortitude Holdings | Commercial mortgage loans | Carrying Value        
Effects of Reinsurance [Line Items]        
Loans 4,152   4,107  
Fortitude Holdings | Commercial mortgage loans | Estimated Fair Value        
Effects of Reinsurance [Line Items]        
Loans, fair value 3,927   3,837  
Fortitude Holdings | Policy loans | Carrying Value        
Effects of Reinsurance [Line Items]        
Loans 345   355  
Fortitude Holdings | Policy loans | Estimated Fair Value        
Effects of Reinsurance [Line Items]        
Loans, fair value $ 345   $ 355  
[1] See Note 9 for details of balances associated with variable interest entities.