XML 90 R79.htm IDEA: XBRL DOCUMENT v3.19.2
Fair Value of Financial Instruments (Fair Value Measured On A Recurring Basis Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value $ 5,949 $ 4,754 $ 6,200 $ 4,509
Items Included in Net Income (37) (168) (658) 216
Gains (Losses) in OCI and Other [1] 97 (162) 216 (170)
Issuances, Sales, Maturities, Settlements, Calls, Net 824 306 [2] 1,241 396 [2]
Transfers Into or Out of Level 3, Net [3] (273) (70) (439) (291) [4]
Ending Fair Value 6,560 4,660 6,560 4,660
Corporate Bonds [Member] | Liberty Transaction [Member]        
Level 3 Unobservable Input Reconciliation        
Issuances, Sales, Maturities, Settlements, Calls, Net   67   67
Corporate Bonds [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 5,911 5,485 5,652 5,350
Items Included in Net Income [5] 1 3   6
Gains (Losses) in OCI and Other [1],[5] 24 (124) 93 (106)
Issuances, Sales, Maturities, Settlements, Calls, Net [5] 194 205 [2] 402 302 [2]
Transfers Into or Out of Level 3, Net [3],[5] (69) (47) (86) (30) [4]
Ending Fair Value [5] 6,061 5,522 6,061 5,522
ABS [Member] | Liberty Transaction [Member]        
Level 3 Unobservable Input Reconciliation        
Issuances, Sales, Maturities, Settlements, Calls, Net   17   17
ABS [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 81 26 29 26
Gains (Losses) in OCI and Other [1],[5] 1   1  
Issuances, Sales, Maturities, Settlements, Calls, Net [5] 152 5 [2] 204 5 [2]
Transfers Into or Out of Level 3, Net [3],[5] (21)   (21)  
Ending Fair Value [5] 213 31 213 31
U.S. Government Bonds [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5]   5   5
Issuances, Sales, Maturities, Settlements, Calls, Net [2],[5]   (5)   (5)
Foreign Government Bonds [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 110 108 109 110
Gains (Losses) in OCI and Other [1],[5] 3   4 (2)
Ending Fair Value [5] 113 108 113 108
RMBS [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5]     7 12
Transfers Into or Out of Level 3, Net [3],[5]     (7) (12) [4]
CMBS [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 2 27 2 6
Items Included in Net Income [5]       1
Issuances, Sales, Maturities, Settlements, Calls, Net [2],[5]   (1)   19
Transfers Into or Out of Level 3, Net [3],[5]   (21)   (21) [4]
Ending Fair Value [5] 2 5 2 5
CLOs [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 97 2 105 91
Issuances, Sales, Maturities, Settlements, Calls, Net [5] 107 145 [2] 204 147 [2]
Transfers Into or Out of Level 3, Net [3],[5] (97) (2) (202) (93) [4]
Ending Fair Value [5] 107 145 107 145
Hybrid And Redeemable Preferred Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5]     75  
Gains (Losses) in OCI and Other [1],[5]     3  
Ending Fair Value [5] 78   78  
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 78 77   76
Gains (Losses) in OCI and Other [1],[5]   1   2
Ending Fair Value [5] 78 78 78 78
Equity AFS Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5]       161
Transfers Into or Out of Level 3, Net [3],[4],[5]       (161)
Trading Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 236 47 67 49
Items Included in Net Income [5] 2 (3) 2 (5)
Issuances, Sales, Maturities, Settlements, Calls, Net [5] 371 (22) [2] 577 (22) [2]
Transfers Into or Out of Level 3, Net [3],[5] (86)   (123)  
Ending Fair Value [5] 523 22 523 22
Equity Securities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value 25 [5] 27 25 [5]  
Issuances, Sales, Maturities, Settlements, Calls, Net 43 [5] (1) [2] 43 [5]  
Transfers Into or Out of Level 3, Net [3],[4],[5]       26
Ending Fair Value [5] 68 26 68 26
Derivative Investments [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [5] 267 279 533 30
Items Included in Net Income [5] 71 (108) (311) 222
Gains (Losses) in OCI and Other [1],[5] 69 (39) 115 (64)
Issuances, Sales, Maturities, Settlements, Calls, Net [5] 59 (39) [2] 129 (95) [2]
Ending Fair Value [5] 466 93 466 93
GLB Direct Embedded Derivatives [Member] | Other Assets [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [6] 439 1,110 123 903
Items Included in Net Income [6] (439) 138 (123) 345
Ending Fair Value [6]   1,248   1,248
GLB Direct Embedded Derivatives [Member] | Other Liabilities [Member]        
Level 3 Unobservable Input Reconciliation        
Items Included in Net Income [6] (1)   (1)  
Ending Fair Value [6] (1)   (1)  
GLB Ceded Embedded Derivatives [Member] | Other Assets [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [6] 50 45 72 51
Items Included in Net Income [6] 61 (4) 39 (10)
Ending Fair Value [6] 111 41 111 41
GLB Ceded Embedded Derivatives [Member] | Other Liabilities [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [6] (489) (1,155) (196) (954)
Items Included in Net Income [6] 378 (133) 85 (334)
Ending Fair Value [6] (111) (1,288) (111) (1,288)
Indexed Annuity [Member] | Other Assets [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [6] 872 17 902 11
Items Included in Net Income [6] 44 1 121 1
Issuances, Sales, Maturities, Settlements, Calls, Net [6] (13) 11 [2] (120) 17 [2]
Ending Fair Value [6] 903 29 903 29
Indexed Annuity [Member] | Future Contract Benefits [Member]        
Level 3 Unobservable Input Reconciliation        
Beginning Fair Value [6] (1,730) (1,346) (1,305) (1,418)
Items Included in Net Income [6] (154) (62) (470) (10)
Issuances, Sales, Maturities, Settlements, Calls, Net [6] (89) 8 [2] (198) 28 [2]
Ending Fair Value [6] $ (1,973) $ (1,400) $ (1,973) $ (1,400)
[1] The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments (see Note 6).(2)I
[2] Issuances, sales, maturities, settlements, calls, net, includes financial instruments acquired in the Liberty Life transaction as follows: corporate bonds of $67 million and asset-backed securities of $17 million.
[3] 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-period amortized cost and beginning-of-period fair value was included in OCI and earnings, respectively, in the prior period.
[4] 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.
[5] 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).
[6] Gains (losses) from sales, maturities, settlements and calls are included in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).