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DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) $ 26 $ (236) $ 2,921 $ (4,152)
Net investment income (loss) 788 885 2,238 2,655
Interest Credited To Policyholders Account Balances (351) (285) (930) (841)
Derivatives: designated for hedge accounting | Cash flow hedges:        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (31) (26) (58) (54)
Net investment income (loss) 5 0 7 0
Interest Credited To Policyholders Account Balances (36) (15) (46) (32)
AOCI 205 (2) 358 (35)
Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (539) (200) (2,304) (4,158)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Currency swaps | Derivatives: designated for hedge accounting | Cash flow hedges:        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 7 0 21 0
Net investment income (loss) 5 0 7 0
Interest Credited To Policyholders Account Balances (36) (15) (46) (32)
AOCI 111 7 116 7
Currency swaps | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 23 3 41 3
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Interest swaps | Derivatives: designated for hedge accounting | Cash flow hedges:        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (38) (26) (79) (54)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 94 (9) 242 (42)
Interest swaps | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (125) 67 (428) (2,375)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Futures | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 34 (6) 548 (466)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Swaps | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 591 (3) 3,353 (2,609)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Options | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (650) (169) (4,381) 2,175
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Futures | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (412) (92) (1,445) (888)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Swaptions | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Credit default swaps | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 8 2
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Currency forwards | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Margin | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Collateral | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Amount Due from Reinsurers        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (364) 344 (1,506) 586
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
GMIB reinsurance contracts        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (227) (128) (672) (694)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Investment fees 6 4    
GMxB derivative features liability        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 427 (395) 2,932 2,291
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
SCS, SIO, MSO and IUL indexed features        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 766 173 4,543 (2,113)
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Total embedded derivatives        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 602 (6) 5,297 70
Net investment income (loss) 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Total derivatives        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 32 (232) 2,935 (4,142)
Net investment income (loss) 5 0 7 0
Interest Credited To Policyholders Account Balances (36) (15) (46) (32)
AOCI $ 205 $ (2) 358 (35)
Investment fees     $ 14 $ 10