XML 61 R49.htm IDEA: XBRL DOCUMENT v3.19.2
Fair Value Measurements - Level 3 Financial Instruments (Details) - Level 3 - Assets measured on recurring basis - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Assets held in separate accounts        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance $ 67 $ 11 $ 61 $ 11
Total Realized/Unrealized Gains (Losses) Included in Net Income 2 0 3 0
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 33 27 39 27
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers in to Level 3 0 0 3 0
Transfers out of Level 3 0 0 (4) 0
Fair Value, assets, ending balance 102 38 102 38
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Stabilizer (Investment Only) and MCG Contracts        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Fair Value, Derivatives, beginning balance (4) (77) (4) (97)
Total Realized/Unrealized Gains (Losses) Included in Net Income (15) 13 (14) 34
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 0 0 0 0
Issues 0 0 (1) (1)
Sales 0 0 0 0
Settlements 0 1 0 1
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Fair Value, Derivatives, ending balance (19) (63) (19) (63)
Change In Unrealized Gains (Losses) Included in Earnings 0 0 0 0
FIA        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Fair Value, Derivatives, beginning balance (11) (18) (11) (20)
Total Realized/Unrealized Gains (Losses) Included in Net Income 2 (1) 1 (2)
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 0 0 0 0
Issues (3) 0 (3) 1
Sales 0 0 0 0
Settlements 1 3 2 5
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Fair Value, Derivatives, ending balance (11) (16) (11) (16)
Change In Unrealized Gains (Losses) Included in Earnings 0 0 0 0
U.S. corporate public securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 52 15 28 26
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 0 0
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 1 0
Purchases 0 3 0 3
Issuances 0 0 0 0
Sales 0 0 0 (5)
Settlements (5) 0 (5) 0
Transfers in to Level 3 0 0 23 0
Transfers out of Level 3 0 0 0 (6)
Fair Value, assets, ending balance 47 18 47 18
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
U.S. corporate private securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 888 651 771 642
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 0 0
Total Realized/Unrealized Gains (Losses) Included in OCI 15 (3) 45 (18)
Purchases 0 91 102 103
Issuances 0 0 0 0
Sales 0 (5) (6) (5)
Settlements (2) (8) (9) (4)
Transfers in to Level 3 0 12 0 20
Transfers out of Level 3 (8) 0 (10) 0
Fair Value, assets, ending balance 893 738 893 738
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Foreign corporate private securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 122 101 124 92
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 (17) (9)
Total Realized/Unrealized Gains (Losses) Included in OCI 3 2 26 20
Purchases 49 75 97 75
Issuances 0 0 0 0
Sales 0 (56) (56) (56)
Settlements 0 0 0 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Fair Value, assets, ending balance 174 122 174 122
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 (9)
Residential mortgage-backed        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 31 73 10 21
Total Realized/Unrealized Gains (Losses) Included in Net Income (1) (1) (2) (3)
Total Realized/Unrealized Gains (Losses) Included in OCI 0 (1) 0 0
Purchases 0 19 8 20
Issuances 0 0 0 0
Sales 0 (40) 0 0
Settlements 0 0 0 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 (14) (17) 0 (5)
Fair Value, assets, ending balance 16 33 16 33
Change in Unrealized Gains (Losses) Included in Earnings (1) 2 (2) (3)
Commercial mortgage-backed        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 11 0 12 7
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 0 0
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 0 16 0 16
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 (11) 0 (12) (7)
Fair Value, assets, ending balance 0 16 0 16
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Other asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 89 126 94 43
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 0 0
Total Realized/Unrealized Gains (Losses) Included in OCI 0 (1) 0 (2)
Purchases 12 57 11 57
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (1) (1) (1) (2)
Transfers in to Level 3 0 21 0 22
Transfers out of Level 3 (40) (105) (44) (21)
Fair Value, assets, ending balance 60 97 60 97
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fixed maturities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 1,193 966 1,039 831
Total Realized/Unrealized Gains (Losses) Included in Net Income (1) (1) (19) (12)
Total Realized/Unrealized Gains (Losses) Included in OCI 18 (3) 72 0
Purchases 61 261 218 274
Issuances 0 0 0 0
Sales 0 (101) (62) (66)
Settlements (8) (9) (15) (6)
Transfers in to Level 3 0 33 23 42
Transfers out of Level 3 (73) (122) (66) (39)
Fair Value, assets, ending balance 1,190 1,024 1,190 1,024
Change in Unrealized Gains (Losses) Included in Earnings (1) 2 (2) (12)
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 80 48 50 50
Total Realized/Unrealized Gains (Losses) Included in Net Income 3 2 4 0
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 0 3 29 3
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Fair Value, assets, ending balance 83 53 83 53
Change in Unrealized Gains (Losses) Included in Earnings $ 3 2 $ 4 0
Short-term investments and cash equivalents        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance   0   0
Total Realized/Unrealized Gains (Losses) Included in Net Income   0   0
Total Realized/Unrealized Gains (Losses) Included in OCI   0   0
Purchases   1   1
Issuances   0   0
Sales   0   0
Settlements   0   0
Transfers in to Level 3   0   0
Transfers out of Level 3   0   0
Fair Value, assets, ending balance   1   1
Change in Unrealized Gains (Losses) Included in Earnings   $ 0   $ 0