XML 85 R74.htm IDEA: XBRL DOCUMENT v3.23.3
FAIR VALUE DISCLOSURES - Quantitative Information About Level 3 (Details)
$ in Millions
Sep. 30, 2023
USD ($)
Apr. 01, 2023
USD ($)
Dec. 31, 2022
USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Liability for market risk benefits $ 12,995 $ 8,200 $ 15,751
Assets for market risk benefits 677   478
Level 3 | Corporate | Matrix pricing model      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS $ 322   $ 413
Level 3 | Corporate | Matrix pricing model | Spread over benchmark | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0020   0.0020
Level 3 | Corporate | Matrix pricing model | Spread over benchmark | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0295   0.0797
Level 3 | Corporate | Matrix pricing model | Spread over benchmark | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0180   0.0204
Level 3 | Corporate | Market  comparable  companies      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS $ 985   $ 1,029
Level 3 | Corporate | Market  comparable  companies | EBITDA Multiple | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 1.7   5.3
Level 3 | Corporate | Market  comparable  companies | EBITDA Multiple | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 30.0   35.8
Level 3 | Corporate | Market  comparable  companies | EBITDA Multiple | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 12.5   13.6
Level 3 | Corporate | Market  comparable  companies | Discount Rate | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.000   0.090
Level 3 | Corporate | Market  comparable  companies | Discount Rate | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.223   0.457
Level 3 | Corporate | Market  comparable  companies | Discount Rate | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.117   0.119
Level 3 | Corporate | Market  comparable  companies | Cash Flow Multiples | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 1.1   0.0
Level 3 | Corporate | Market  comparable  companies | Cash Flow Multiples | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 13.9   10.3
Level 3 | Corporate | Market  comparable  companies | Cash Flow Multiples | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 5.6   6.1
Level 3 | Corporate | Market  comparable  companies | Loan to Value | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.000   0.000
Level 3 | Corporate | Market  comparable  companies | Loan to Value | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.595   0.404
Level 3 | Corporate | Market  comparable  companies | Loan to Value | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.021   0.120
Level 3 | Other equity investments | Market  comparable  companies      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS     $ 4
Level 3 | Other equity investments | Market  comparable  companies | Earnings multiple | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 6.7   0.5
Level 3 | Other equity investments | Market  comparable  companies | Earnings multiple | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 14.0   10.8
Level 3 | Other equity investments | Market  comparable  companies | Earnings multiple | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 7.0   2.4
Level 3 | Other equity investments | Discounted Cash Flow      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS $ 2    
Level 3 | Purchased MRB asset | Discounted Cash Flow      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS $ 15,490   $ 10,490
Level 3 | Purchased MRB asset | Discounted Cash Flow | Lapse Rate | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0021   0.0026
Level 3 | Purchased MRB asset | Discounted Cash Flow | Lapse Rate | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.2937   0.2623
Level 3 | Purchased MRB asset | Discounted Cash Flow | Lapse Rate | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0272   0.0158
Level 3 | Purchased MRB asset | Discounted Cash Flow | Withdrawal Rate | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0000   0.0006
Level 3 | Purchased MRB asset | Discounted Cash Flow | Withdrawal Rate | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.1497   0.1093
Level 3 | Purchased MRB asset | Discounted Cash Flow | Withdrawal Rate | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0060   0.0069
Level 3 | Purchased MRB asset | Discounted Cash Flow | GMIB Utilization Rate | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0004   0.0004
Level 3 | Purchased MRB asset | Discounted Cash Flow | GMIB Utilization Rate | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.010000   0.6666
Level 3 | Purchased MRB asset | Discounted Cash Flow | GMIB Utilization Rate | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0534   0.0739
Level 3 | Purchased MRB asset | Discounted Cash Flow | Non-performance Risk | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0033   0.0054
Level 3 | Purchased MRB asset | Discounted Cash Flow | Non-performance Risk | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0118   0.0124
Level 3 | Purchased MRB asset | Discounted Cash Flow | Non-performance Risk | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0042   0.0069
Level 3 | Purchased MRB asset | Discounted Cash Flow | Volatility rates - Equity | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.14   0.14
Level 3 | Purchased MRB asset | Discounted Cash Flow | Volatility rates - Equity | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.27   0.32
Level 3 | Purchased MRB asset | Discounted Cash Flow | Volatility rates - Equity | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.22   0.24
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 0-40 | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0001   0.0001
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 0-40 | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0018   0.0017
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 0-40 | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0284   0.0287
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 41-60 | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0007   0.0006
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 41-60 | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0053   0.0052
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.0033   0.0032
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of fixed maturities AFS 0.4200   0.4000
Level 3 | Direct MRB | Discounted Cash Flow      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Direct MRB $ 12,318   $ 15,273
Level 3 | Direct MRB | Discounted Cash Flow | Lapse Rate | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0021   0.0026
Level 3 | Direct MRB | Discounted Cash Flow | Lapse Rate | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.2937   0.3542
Level 3 | Direct MRB | Discounted Cash Flow | Lapse Rate | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0303   0.0297
Level 3 | Direct MRB | Discounted Cash Flow | Withdrawal Rate | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0000   0.0000
Level 3 | Direct MRB | Discounted Cash Flow | Withdrawal Rate | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.1497   0.1093
Level 3 | Direct MRB | Discounted Cash Flow | Withdrawal Rate | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0073   0.0068
Level 3 | Direct MRB | Discounted Cash Flow | Non-performance Risk      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0151   0.0157
Level 3 | Direct MRB | Discounted Cash Flow | Non-performance Risk | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0151   0.0157
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 0-40 | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0001   0.0001
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 0-40 | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0018   0.0017
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 0-40 | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0261   0.0241
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 41-60 | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0007   0.0006
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 41-60 | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0053   0.0052
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0033   0.0032
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.4200   0.4000
Level 3 | Direct MRB | Discounted Cash Flow | Annuitization Rate | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0004   0.0004
Level 3 | Direct MRB | Discounted Cash Flow | Annuitization Rate | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 1.0000   1.0000
Level 3 | Direct MRB | Discounted Cash Flow | Annuitization Rate | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Measurement input of direct MRB 0.0556   0.0550