XML 140 R74.htm IDEA: XBRL DOCUMENT v3.21.2
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Assets:      
Bonds available for sale [1] $ 273,070   $ 271,496
Other bond securities [1] 4,866   5,291
Equity securities [1] 1,079   1,056
Mortgage and other loans receivable [1] 45,216   45,562
Other invested assets [1] 20,139   19,060
Short-term investments [1] 15,169   18,203
Accrued investment income [1] 2,288   2,271
Cash 2,760 [1] $ 3,408 2,827 [1]
Other [1] 13,267   13,122
Total assets 598,250   586,481
Liabilities:      
Long-term debt [1] 26,161   28,103
Total liabilities 531,342   519,282
Off-balance sheet exposure 3    
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Repayment of debt 1,839 513  
Debt of consolidated investments      
Liabilities:      
Long-term debt [1] 9,566   9,431
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Repayment of debt 2,560 $ 1,364  
Alternative investments      
Assets:      
Other invested assets 10,453   9,572
Investment real estate      
Assets:      
Other invested assets 7,921   7,930
Real Estate and Investment Entities      
Liabilities:      
Off-balance sheet exposure 2,100   2,400
Real Estate and Investment Entities | External      
Liabilities:      
Off-balance sheet exposure 700   700
Consolidated VIE      
Assets:      
Bonds available for sale 4,863   6,089
Other bond securities 2,081   2,367
Equity securities 498   507
Mortgage and other loans receivable 2,662   3,135
Short-term investments 248   1,926
Accrued investment income 20   38
Cash 383   332
Other assets 440   529
Other 27   5
Total assets 21,412   24,553
Liabilities:      
Long-term debt 8,942   8,809
Other liabilities 605   564
Total liabilities 9,547   9,373
Consolidated VIE | Alternative investments      
Assets:      
Other invested assets 3,243   2,689
Consolidated VIE | Investment real estate      
Assets:      
Other invested assets 6,947   6,936
Consolidated VIE | Real Estate and Investment Entities      
Assets:      
Bonds available for sale 0   0
Other bond securities 0   0
Equity securities 498   507
Mortgage and other loans receivable 0   0
Short-term investments 89   365
Accrued investment income 0   0
Cash 122   129
Other assets 130   166
Other 25   3
Total assets 7,280   7,237
Liabilities:      
Long-term debt 2,374   2,559
Other liabilities 168   180
Total liabilities 2,542   2,739
Consolidated VIE | Real Estate and Investment Entities | Alternative investments      
Assets:      
Other invested assets 3,243   2,689
Consolidated VIE | Real Estate and Investment Entities | Investment real estate      
Assets:      
Other invested assets 3,173   3,378
Consolidated VIE | Securitization Vehicles      
Assets:      
Bonds available for sale 4,863   6,089
Other bond securities 2,081   2,367
Equity securities 0   0
Mortgage and other loans receivable 2,662   3,135
Short-term investments 139   1,534
Accrued investment income 20   38
Cash 0   0
Other assets 53   120
Other 0   0
Total assets 9,818   13,283
Liabilities:      
Long-term debt 4,054   3,961
Other liabilities 241   187
Total liabilities 4,295   4,148
Consolidated VIE | Securitization Vehicles | Alternative investments      
Assets:      
Other invested assets 0   0
Consolidated VIE | Securitization Vehicles | Investment real estate      
Assets:      
Other invested assets 0   0
Consolidated VIE | Affordable housing partnerships      
Assets:      
Bonds available for sale 0   0
Other bond securities 0   0
Equity securities 0   0
Mortgage and other loans receivable 0   0
Short-term investments 0   0
Accrued investment income 0   0
Cash 261   203
Other assets 257   243
Other 0   0
Total assets 4,292   4,004
Liabilities:      
Long-term debt 2,514   2,287
Other liabilities 187   187
Total liabilities 2,701   2,474
Consolidated VIE | Affordable housing partnerships | Alternative investments      
Assets:      
Other invested assets 0   0
Consolidated VIE | Affordable housing partnerships | Investment real estate      
Assets:      
Other invested assets 3,774   3,558
Consolidated VIE | Other      
Assets:      
Bonds available for sale 0   0
Other bond securities 0   0
Equity securities 0   0
Mortgage and other loans receivable 0   0
Short-term investments 20   27
Accrued investment income 0   0
Cash 0   0
Other assets 0   0
Other 2   2
Total assets 22   29
Liabilities:      
Long-term debt 0   2
Other liabilities 9   10
Total liabilities 9   12
Consolidated VIE | Other | Alternative investments      
Assets:      
Other invested assets 0   0
Consolidated VIE | Other | Investment real estate      
Assets:      
Other invested assets 0   0
Unconsolidated VIE      
Assets:      
Other invested assets 7,200   6,800
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 360,124   326,250
Maximum Exposure to Loss, On-Balance Sheet 7,424   6,983
Maximum Exposure to Loss, Off-Balance Sheet 4,112   3,823
Total maximum exposure to loss 11,536   10,806
Unconsolidated VIE | Real Estate and Investment Entities      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 355,969   321,716
Maximum Exposure to Loss, On-Balance Sheet 6,920   6,420
Maximum Exposure to Loss, Off-Balance Sheet 3,629   3,273
Total maximum exposure to loss 10,549   9,693
Unconsolidated VIE | Affordable housing partnerships      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 2,445   2,801
Maximum Exposure to Loss, On-Balance Sheet 295   368
Maximum Exposure to Loss, Off-Balance Sheet 3   4
Total maximum exposure to loss 298   372
Unconsolidated VIE | Affordable housing partnerships | Alternative investments      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Maximum Exposure to Loss, On-Balance Sheet 196   257
Unconsolidated VIE | Affordable housing partnerships | Other loans receivables      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Maximum Exposure to Loss, On-Balance Sheet 83   97
Unconsolidated VIE | Other      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 1,710   1,733
Maximum Exposure to Loss, On-Balance Sheet 209   195
Maximum Exposure to Loss, Off-Balance Sheet 480   546
Total maximum exposure to loss 689   $ 741
Indirectly wholly owned subsidiary | Securitization Vehicles | Debt of consolidated investments      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Repayment of debt $ 175    
[1] See Note 8 for details of balances associated with variable interest entities.