XML 67 R55.htm IDEA: XBRL DOCUMENT v3.24.2.u1
DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) $ (221) $ (221) $ (542) $ (1,062)
Net Investment Income 866 885 1,800 1,743
Total derivatives        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (826) (1,581) (2,040) (2,418)
Net-FWH and NI modco Derivatives Gains (Losses) 611 1,364 1,511 1,364
Net Investment Income (13) 2 (7) 5
Interest Credited To Policyholders Account Balances (5) 8 (23) (26)
AOCI 35 33 44 30
Investment fees 6 4 11 8
Total embedded derivatives        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (1,016) (1,784) (2,570) (3,358)
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 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) (255) (453) (854) (2,027)
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Funds withheld payable        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 89 599 1,106 599
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Modco payable        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (850) (1,930) (2,822) (1,930)
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 190 217 529 951
Net-FWH and NI modco Derivatives Gains (Losses) 611   1,511  
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Currency swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 1 (9) 14 (19)
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Interest swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (15) (61) (43) (14)
Net-FWH and NI modco Derivatives Gains (Losses) (74) 5 (210) 5
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Futures        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 15 58 115 (96)
Net-FWH and NI modco Derivatives Gains (Losses) (33) (158) (46) (158)
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (10) (113) (158) (716)
Net-FWH and NI modco Derivatives Gains (Losses) (87) (591) (1,050) (591)
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Options        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 217 361 656 1,858
Net-FWH and NI modco Derivatives Gains (Losses) 770 2,032 2,732 2,032
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Futures        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (18) (19) (55) (62)
Net-FWH and NI modco Derivatives Gains (Losses) 35 76 85 76
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Swaptions        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0   0  
Net-FWH and NI modco Derivatives Gains (Losses) 0   0  
Net Investment Income 0   0  
Interest Credited To Policyholders Account Balances 0   0  
AOCI 0   0  
Derivatives: not designated for hedge accounting | Credit default swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Currency forwards        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses)   0   0
Net-FWH and NI modco Derivatives Gains (Losses)   0   0
Net Investment Income   0   0
Interest Credited To Policyholders Account Balances   0   0
AOCI   0   0
Derivatives: not designated for hedge accounting | Margin        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Derivatives: not designated for hedge accounting | Collateral        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Cash flow hedges: | Derivatives: designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 (14) 1 (11)
Net-FWH and NI modco Derivatives Gains (Losses) 0 0
Net Investment Income (13) 2 (7) 5
Interest Credited To Policyholders Account Balances (5) 8 (23) (26)
AOCI 35 33 44 30
Cash flow hedges: | Derivatives: designated for hedge accounting | Currency swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 2 1 10
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income 4 2 7 5
Interest Credited To Policyholders Account Balances (5) 8 (23) (26)
AOCI 22 3 38 28
Cash flow hedges: | Derivatives: designated for hedge accounting | Interest swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 (16) 0 (21)
Net-FWH and NI modco Derivatives Gains (Losses) 0 0 0 0
Net Investment Income (17) 0 (14) 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI $ 13 30 $ 6 2
Cash flow hedges: | Derivatives: not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net-FWH and NI modco Derivatives Gains (Losses)   $ 1,364   $ 1,364