XML 128 R63.htm IDEA: XBRL DOCUMENT v3.20.2
INVESTMENTS (Details - Components of Net realized capital gains (losses)) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Gain (Loss) on Investments [Line Items]        
Other-than-temporary impairments $ 0 $ (24,000,000) $ 0 $ (137,000,000)
Change in intent 0 0 (3,000,000) 0
Change in allowance for credit losses on fixed maturity securities (81,000,000) 0 (310,000,000) 0
Change in allowance for credit losses on loans (11,000,000) (25,000,000) (67,000,000) (35,000,000)
Foreign exchange transactions 257,000,000 (203,000,000) 50,000,000 (242,000,000)
Variable annuity embedded derivatives, net of related hedges (148,000,000) 311,000,000 1,034,000,000 10,000,000
All other derivatives and hedge accounting (746,000,000) 466,000,000 219,000,000 601,000,000
Other 88,000,000 276,000,000 97,000,000 506,000,000
Total net realized capital gains (losses) (1,122,000,000) 929,000,000 65,000,000 887,000,000
Excluding Fortitude Re funds withheld assets        
Gain (Loss) on Investments [Line Items]        
Other-than-temporary impairments 0   0  
Change in intent 0   (3,000,000)  
Change in allowance for credit losses on fixed maturity securities (77,000,000)   (299,000,000)  
Change in allowance for credit losses on loans (13,000,000)   (73,000,000)  
Foreign exchange transactions 250,000,000   40,000,000  
Variable annuity embedded derivatives, net of related hedges (148,000,000)   1,034,000,000  
All other derivatives and hedge accounting (626,000,000)   365,000,000  
Other 88,000,000   97,000,000  
Total net realized capital gains (losses) (498,000,000)   1,430,000,000  
Fortitude        
Gain (Loss) on Investments [Line Items]        
Other-than-temporary impairments 0   0  
Change in intent 0   0  
Change in allowance for credit losses on fixed maturity securities (4,000,000)   (11,000,000)  
Change in allowance for credit losses on loans 2,000,000   6,000,000  
Foreign exchange transactions 7,000,000   10,000,000  
Variable annuity embedded derivatives, net of related hedges 0   0  
All other derivatives and hedge accounting (120,000,000)   (146,000,000)  
Other 0   0  
Total net realized capital gains (losses) (624,000,000)   (1,365,000,000)  
Fixed maturity securities        
Gain (Loss) on Investments [Line Items]        
Sales of fixed maturity securities 175,000,000 128,000,000 538,000,000 184,000,000
Fixed maturity securities | Excluding Fortitude Re funds withheld assets        
Gain (Loss) on Investments [Line Items]        
Sales of fixed maturity securities 28,000,000   269,000,000  
Fixed maturity securities | Fortitude        
Gain (Loss) on Investments [Line Items]        
Sales of fixed maturity securities 147,000,000   269,000,000  
Excluding Fortitude Re funds withheld embedded derivative        
Gain (Loss) on Investments [Line Items]        
Total net realized capital gains (losses) (466,000,000) 929,000,000 1,558,000,000 887,000,000
Excluding Fortitude Re funds withheld embedded derivative | Excluding Fortitude Re funds withheld assets        
Gain (Loss) on Investments [Line Items]        
Total net realized capital gains (losses) (498,000,000)   1,430,000,000  
Excluding Fortitude Re funds withheld embedded derivative | Fortitude        
Gain (Loss) on Investments [Line Items]        
Total net realized capital gains (losses) 32,000,000   128,000,000  
Fortitude Re funds withheld embedded derivative        
Gain (Loss) on Investments [Line Items]        
Total net realized capital gains (losses) [1] (656,000,000) $ 0 (1,493,000,000) $ 0
Fortitude Re funds withheld embedded derivative | Excluding Fortitude Re funds withheld assets        
Gain (Loss) on Investments [Line Items]        
Total net realized capital gains (losses) 0   0  
Fortitude Re funds withheld embedded derivative | Fortitude        
Gain (Loss) on Investments [Line Items]        
Total net realized capital gains (losses) $ (656,000,000)   $ (1,493,000,000)  
[1] Represents activity subsequent to the deconsolidation of Fortitude Re on June 2, 2020.