XML 90 R79.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value of Financial Instruments (Fair Value Measured On A Recurring Basis Reconciliation) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value $ 6,200 $ 4,509
Items Included in Net Income (621) 384
Gains (Losses) in OCI and Other [1] 119 (8)
Issuances, Sales, Maturities, Settlements, Calls, Net 417 90
Transfers Into or Out of Level 3, Net [2] (166) (221) [3]
Ending Fair Value 5,949 4,754
Corporate Bonds [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 5,652 5,350
Items Included in Net Income [4] (1) 3
Gains (Losses) in OCI and Other [1],[4] 69 18
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 208 97
Transfers Into or Out of Level 3, Net [2],[4] (17) 17 [3]
Ending Fair Value [4] 5,911 5,485
ABS [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 29 26
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 52  
Ending Fair Value [4] 81 26
U.S. Government Bonds [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4]   5
Ending Fair Value [4]   5
Foreign Government Bonds [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 109 110
Gains (Losses) in OCI and Other [1],[4] 1 (2)
Ending Fair Value [4] 110 108
RMBS [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 7 12
Transfers Into or Out of Level 3, Net [2],[4] (7) (12) [3]
CMBS [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 2 6
Items Included in Net Income [4]   1
Issuances, Sales, Maturities, Settlements, Calls, Net [4]   20
Ending Fair Value [4] 2 27
CLOs [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 105 91
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 97 2
Transfers Into or Out of Level 3, Net [2],[4] (105) (91) [3]
Ending Fair Value [4] 97 2
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 75 76
Gains (Losses) in OCI and Other [1],[4] 3 1
Ending Fair Value [4] 78 77
Equity AFS Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4]   161
Transfers Into or Out of Level 3, Net [2],[3],[4]   (161)
Trading Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 67 49
Items Included in Net Income [4]   (2)
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 206  
Transfers Into or Out of Level 3, Net [2],[4] (37)  
Ending Fair Value [4] 236 47
Equity Securities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 25  
Issuances, Sales, Maturities, Settlements, Calls, Net   1
Transfers Into or Out of Level 3, Net [2],[3]   26
Ending Fair Value 25 [4] 27
Derivative Investments [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [4] 533 30
Items Included in Net Income [4] (382) 330
Gains (Losses) in OCI and Other [1],[4] 46 (25)
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 70 (56)
Ending Fair Value [4] 267 279
GLB Direct Embedded Derivatives [Member] | Other Assets [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [5] 123 903
Items Included in Net Income [5] 316 207
Ending Fair Value [5] 439 1,110
GLB Ceded Embedded Derivatives [Member] | Other Assets [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [5] 72 51
Items Included in Net Income [5] (22) (6)
Ending Fair Value [5] 50 45
GLB Ceded Embedded Derivatives [Member] | Other Liabilities [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [5] (196) (954)
Items Included in Net Income [5] (293) (201)
Ending Fair Value [5] (489) (1,155)
Indexed Annuity And IUL Contracts [Member] | Other Assets [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [5] 902 11
Items Included in Net Income [5] 77  
Issuances, Sales, Maturities, Settlements, Calls, Net [5] (107) 6
Ending Fair Value [5] 872 17
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member]    
Level 3 Unobservable Input Reconciliation    
Beginning Fair Value [5] (1,305) (1,418)
Items Included in Net Income [5] (316) 52
Issuances, Sales, Maturities, Settlements, Calls, Net [5] (109) 20
Ending Fair Value [5] $ (1,730) $ (1,346)
[1] The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments (see Note 6).
[2] Transfers into or out of Level 3 for AFS and trading securities are reported at amortized cost as of the beginning-of-year. For AFS and trading securities, the difference between beginning-of-year amortized cost and beginning-of-year fair value was included in OCI and earnings, respectively, in the prior period.
[3] Transfers into or out of Level 3 for FHLB stock between equity securities and other investments are reported at cost on our Consolidated Balance Sheets.
[4] Amortization and accretion of premiums and discounts are included in net investment income on our Consolidated Statements of Comprehensive Income (Loss). Gains (losses) from sales, maturities, settlements and calls and OTTI are included in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).
[5] Gains (losses) from sales, maturities, settlements and calls are included in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).