XML 73 R61.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value Measurements - Fair Vaue Measurement (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Derivatives $ 149 $ 145
Separate Account Asset 96,964 87,319
Liabilities:    
Derivatives 144 216
Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 26,412 29,993
Cash, Cash Equivalents, and Short-term Investments 1,244 626
Separate Account Asset 96,964 87,319
Total assets, fair value $ 124,910 $ 118,199
Percentage of Level to total 100.00% 100.00%
Liabilities:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure $ 173 $ 279
Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 510 548
Cash, Cash Equivalents, and Short-term Investments 1,244 610
Separate Account Asset 91,474 81,096
Total assets, fair value $ 93,255 $ 82,278
Percentage of Level to total 74.00% 69.00%
Liabilities:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure $ 0 $ 0
Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 24,179 27,737
Cash, Cash Equivalents, and Short-term Investments 0 16
Separate Account Asset 5,174 6,001
Total assets, fair value $ 29,502 $ 33,892
Percentage of Level to total 24.00% 29.00%
Liabilities:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure $ 144 $ 216
Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 1,723 1,708
Cash, Cash Equivalents, and Short-term Investments 0 0
Separate Account Asset 316 222
Total assets, fair value $ 2,153 $ 2,029
Percentage of Level to total 2.00% 2.00%
Liabilities:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure $ 29 $ 63
Fixed maturities    
Assets:    
Fixed maturities including securities pledged, Fair Value 26,412 29,993
U.S. Treasuries    
Assets:    
Fixed maturities including securities pledged, Fair Value 691 721
U.S. Treasuries | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 691 721
U.S. Treasuries | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 510 548
U.S. Treasuries | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 181 173
U.S. Treasuries | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
U.S. Government agencies and authorities    
Assets:    
Fixed maturities including securities pledged, Fair Value 20 19
U.S. Government agencies and authorities | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 20 19
U.S. Government agencies and authorities | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
U.S. Government agencies and authorities | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 20 19
U.S. Government agencies and authorities | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
State, municipalities and political subdivisions    
Assets:    
Fixed maturities including securities pledged, Fair Value 803 814
State, municipalities and political subdivisions | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 803 814
State, municipalities and political subdivisions | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
State, municipalities and political subdivisions | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 803 814
State, municipalities and political subdivisions | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
U.S. corporate public securities    
Assets:    
Fixed maturities including securities pledged, Fair Value 8,269 9,156
U.S. corporate public securities | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 8,269 9,156
U.S. corporate public securities | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
U.S. corporate public securities | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 8,264 9,099
U.S. corporate public securities | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 5 57
U.S. corporate private securities    
Assets:    
Fixed maturities including securities pledged, Fair Value 3,939 4,379
U.S. corporate private securities | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 3,939 4,379
U.S. corporate private securities | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
U.S. corporate private securities | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,560 3,093
U.S. corporate private securities | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 1,379 1,286
Foreign corporate public securities and foreign governments    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,591 2,951
Foreign corporate public securities and foreign governments | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,591 2,951
Foreign corporate public securities and foreign governments | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
Foreign corporate public securities and foreign governments | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,591 2,951
Foreign corporate public securities and foreign governments | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
Foreign corporate private securities    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,703 3,303
Foreign corporate private securities | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,703 3,303
Foreign corporate private securities | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
Foreign corporate private securities | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,431 3,008
Foreign corporate private securities | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 272 295
Residential mortgage-backed securities    
Assets:    
Fixed maturities including securities pledged, Fair Value 3,164 4,237
Residential mortgage-backed securities | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 3,164 4,237
Residential mortgage-backed securities | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
Residential mortgage-backed securities | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 3,130 4,204
Residential mortgage-backed securities | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 34 33
Commercial mortgage-backed securities    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,881 2,893
Commercial mortgage-backed securities | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,881 2,893
Commercial mortgage-backed securities | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
Commercial mortgage-backed securities | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 2,881 2,893
Commercial mortgage-backed securities | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
Asset-backed Securities [Member]    
Assets:    
Fixed maturities including securities pledged, Fair Value 1,351 1,520
Asset-backed Securities [Member] | Assets measured on recurring basis    
Assets:    
Fixed maturities including securities pledged, Fair Value 1,351 1,520
Asset-backed Securities [Member] | Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities including securities pledged, Fair Value 0 0
Asset-backed Securities [Member] | Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities including securities pledged, Fair Value 1,318 1,483
Asset-backed Securities [Member] | Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities including securities pledged, Fair Value 33 37
Equity Securities [Member] | Assets measured on recurring basis    
Assets:    
Equity Securities, FV-NI 141 116
Equity Securities [Member] | Assets measured on recurring basis | Level 1    
Assets:    
Equity Securities, FV-NI 27 17
Equity Securities [Member] | Assets measured on recurring basis | Level 2    
Assets:    
Equity Securities, FV-NI 0 0
Equity Securities [Member] | Assets measured on recurring basis | Level 3    
Assets:    
Equity Securities, FV-NI 114 99
FIA | Assets measured on recurring basis    
Liabilities:    
Guaranteed benefit derivatives 9 10
FIA | Assets measured on recurring basis | Level 1    
Liabilities:    
Guaranteed benefit derivatives 0 0
FIA | Assets measured on recurring basis | Level 2    
Liabilities:    
Guaranteed benefit derivatives 0 0
FIA | Assets measured on recurring basis | Level 3    
Liabilities:    
Guaranteed benefit derivatives 9 10
Stabilizer and MCGs | Assets measured on recurring basis    
Liabilities:    
Guaranteed benefit derivatives 20 53
Stabilizer and MCGs | Assets measured on recurring basis | Level 1    
Liabilities:    
Guaranteed benefit derivatives 0 0
Stabilizer and MCGs | Assets measured on recurring basis | Level 2    
Liabilities:    
Guaranteed benefit derivatives 0 0
Stabilizer and MCGs | Assets measured on recurring basis | Level 3    
Liabilities:    
Guaranteed benefit derivatives 20 53
Interest rate contracts | Assets measured on recurring basis    
Assets:    
Derivatives 135 137
Liabilities:    
Derivatives 129 171
Interest rate contracts | Assets measured on recurring basis | Level 1    
Assets:    
Derivatives 0 7
Liabilities:    
Derivatives 0 0
Interest rate contracts | Assets measured on recurring basis | Level 2    
Assets:    
Derivatives 135 130
Liabilities:    
Derivatives 129 171
Interest rate contracts | Assets measured on recurring basis | Level 3    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Foreign exchange contracts | Assets measured on recurring basis    
Assets:    
Derivatives 14 3
Liabilities:    
Derivatives 15 39
Foreign exchange contracts | Assets measured on recurring basis | Level 1    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Foreign exchange contracts | Assets measured on recurring basis | Level 2    
Assets:    
Derivatives 14 3
Liabilities:    
Derivatives 15 39
Foreign exchange contracts | Assets measured on recurring basis | Level 3    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Equity contracts | Assets measured on recurring basis    
Assets:    
Derivatives 0 5
Liabilities:    
Derivatives 0 5
Equity contracts | Assets measured on recurring basis | Level 1    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Equity contracts | Assets measured on recurring basis | Level 2    
Assets:    
Derivatives 0 5
Liabilities:    
Derivatives 0 5
Equity contracts | Assets measured on recurring basis | Level 3    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Credit contracts | Assets measured on recurring basis    
Assets:    
Derivatives 0  
Credit contracts | Assets measured on recurring basis | Level 1    
Assets:    
Derivatives 0  
Credit contracts | Assets measured on recurring basis | Level 2    
Assets:    
Derivatives 0  
Credit contracts | Assets measured on recurring basis | Level 3    
Assets:    
Derivatives 0  
Credit contracts | Assets measured on recurring basis    
Liabilities:    
Derivatives 0 1
Credit contracts | Assets measured on recurring basis | Level 1    
Liabilities:    
Derivatives 0 0
Credit contracts | Assets measured on recurring basis | Level 2    
Liabilities:    
Derivatives 0 1
Credit contracts | Assets measured on recurring basis | Level 3    
Liabilities:    
Derivatives $ 0 $ 0