XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.2.u1
DERIVATIVES AND HEDGING - Primary Risks Managed by Derivatives (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Fair value, assets $ 827 $ 811
Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 39,327 38,283
Fair value, assets 827 811
Fair value, liabilities (1,059) (1,302)
Retained Business    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Fair value, assets 533 638
Retained Business | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 35,835 34,513
Fair value, assets 533 638
Fair value, liabilities (1,016) (1,246)
Retained Business | Interest rate swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 33,495 31,096
Fair value, assets 432 580
Fair value, liabilities (791) (923)
Retained Business | Interest rate options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 215 215
Fair value, assets 0 10
Fair value, liabilities (2) (15)
Retained Business | Foreign currency swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 100 102
Fair value, assets 8 5
Fair value, liabilities 0 0
Retained Business | Equity futures | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units (1,966) (2,025)
Fair value, assets 1 0
Fair value, liabilities (8) (71)
Retained Business | Total return swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 1,079 1,079
Fair value, assets 6 0
Fair value, liabilities (65) (143)
Retained Business | Equity options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 2,912 4,046
Fair value, assets 86 43
Fair value, liabilities (150) (94)
Ceded Business    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Fair value, assets 294 173
Ceded Business | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 3,492 3,770
Fair value, assets 294 173
Fair value, liabilities (43) (56)
Ceded Business | Interest rate swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 505 605
Fair value, assets 16 22
Fair value, liabilities (8) (12)
Ceded Business | Foreign currency swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 35 37
Fair value, assets 4 3
Fair value, liabilities 0 0
Ceded Business | Total return swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 266 281
Fair value, assets 0 0
Fair value, liabilities (5) 0
Ceded Business | Equity options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 2,686 2,847
Fair value, assets 274 148
Fair value, liabilities $ (30) $ (44)