XML 68 R53.htm IDEA: XBRL DOCUMENT v3.20.2
FAIR VALUE DISCLOSURES - Fair Value Measurement Reconciliation For All Levels (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total gains (losses), realized and unrealized, included in:        
Investment gains (losses), net     $ 243 $ (20)
Transfers into level 3     219 14
Transfers out of Level 3     (103) (73)
Corporate        
Total gains (losses), realized and unrealized, included in:        
Other comprehensive income (loss)     (54) 10
States and political subdivisions        
Total gains (losses), realized and unrealized, included in:        
Other comprehensive income (loss)     2 2
Asset- backed        
Total gains (losses), realized and unrealized, included in:        
Other comprehensive income (loss)       5
GMIB Reinsurance Contract Asset        
Total gains (losses), realized and unrealized, included in:        
Other comprehensive income (loss)     0 0
Level 3 | Corporate        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance $ 1,174 $ 1,169 1,246 1,174
Net investment income (loss) 1 2 2 3
Investment gains (losses), net (11) 0 (13) 0
Subtotal (10) 2 (11) 3
Other comprehensive income (loss) 6 1 (54) 10
Purchases 284 151 345 221
Sales (44) (26) (90) (59)
Transfers into level 3 219 (3) 219 14
Transfers out of Level 3 23 (4) (3) (73)
Closing Balance 1,652 1,290 1,652 1,290
Level 3 | States and political subdivisions        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 36 39 39 38
Net investment income (loss) 0 0 0 0
Investment gains (losses), net 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) 5 1 2 2
Purchases 0 0 0 0
Sales (1) (1) (1) (1)
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Closing Balance 40 39 40 39
Level 3 | Asset- backed        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 40 534 100 519
Net investment income (loss) 0 0 0 0
Investment gains (losses), net 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) 8 1 0 5
Purchases (48) (1) 0 10
Sales 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 0 (100) 0
Closing Balance 0 534 0 534
Level 3 | Other equity investments        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 15 18 16 48
Net investment income (loss) 0 0 0 0
Net derivative gains (losses), excluding non-performance risk 0 0 0 0
Nonperformance risk 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) 0 0 0 0
Purchases 1 0 1 0
Sales 0 0 0 0
Settlements 0 0 0 0
Change in estimate 0 (2) 0 (3)
Activity related to consolidated VIEs/VOEs 0 0 (1) 0
Transfers into level 3 0 0 0 (29)
Transfers out of Level 3 0 16 0  
Closing Balance 16 16 16 16
Level 3 | GMIB Reinsurance Contract Asset        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 3,305 2,009 2,466 1,991
Net investment income (loss) 0 0 0 0
Net derivative gains (losses), excluding non-performance risk (139) 178 1,082 165
Nonperformance risk 272 12 (56) 52
Subtotal 133 190 1,026 217
Other comprehensive income (loss) 0 0 0
Purchases 12 11 23 23
Sales (17) (14) (37) (35)
Settlements 0 0 0 0
Change in estimate 0 0 (45) 0
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 2,196 0  
Closing Balance 3,433 2,196 3,433 2,196
Level 3 | Separate Accounts Assets        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 0 23 0 21
Net investment income (loss) 0 0 0 0
Net derivative gains (losses), excluding non-performance risk 0 0 0 0
Nonperformance risk 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) 0 0 0
Purchases 0 3 0 8
Sales 0 0 0 0
Settlements 0 (2) 0 (3)
Change in estimate 0 0 0 0
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 (1)
Transfers out of Level 3 0 24 0  
Closing Balance 0 25 0 25
Level 3 | GMxB Derivative Features Liability        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance (9,509) (5,944) (8,246) (5,431)
Net investment income (loss) 0 0 0 0
Net derivative gains (losses), excluding non-performance risk (370) (707) (4,440) (656)
Nonperformance risk (2,411) 0 494 (460)
Subtotal (2,781) (707) (3,946) (1,116)
Other comprehensive income (loss) 0 0 0
Purchases (107) (103) (215) (210)
Sales 15 5 25 8
Settlements 0 0 0 0
Change in estimate 0 0 0 0
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 (6,749) 0  
Closing Balance $ (12,382) $ (6,749) $ (12,382) $ (6,749)