XML 90 R79.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Dec. 31, 2019
Assets        
Mortgage loans on real estate (net of valuation allowances) $ 6,481 $ 5,787    
Policy loans 1,254 1,258    
Funds withheld at interest 7,049 5,432    
Cash and cash equivalents 3,254 3,408 $ 4,313 $ 1,449
Short-term investments 184 227    
Other invested assets 2,924 2,829    
Accrued investment income 525 511    
Liabilities        
Interest-sensitive contract liabilities 26,161 23,276    
Long-term debt 3,173 3,573    
Reported Value Measurement [Member]        
Assets        
Mortgage loans on real estate (net of valuation allowances) [1] 6,481 5,787    
Policy loans [1] 1,254 1,258    
Funds withheld at interest [1] 6,825 5,292    
Cash and cash equivalents [1] 2,087 1,930    
Short-term investments [1] 18 30    
Other invested assets [1] 1,133 1,482    
Accrued investment income [1] 525 511    
Liabilities        
Interest-sensitive contract liabilities [1] 21,274 18,106    
Long-term debt [1] 3,173      
Debt, Long-term and Short-term, Combined Amount [1]   3,573    
Collateral finance and securitization notes [1] 323 388    
Estimate of Fair Value Measurement [Member]        
Assets        
Mortgage loans on real estate (net of valuation allowances) 6,744 6,167    
Policy loans 1,254 1,258    
Funds withheld at interest 7,169 5,676    
Cash and cash equivalents 2,087 1,930    
Short-term investments 18 30    
Other invested assets 1,141 1,601    
Accrued investment income 525 511    
Liabilities        
Interest-sensitive contract liabilities 22,983 19,683    
Long-term Debt, Fair Value 3,455      
Debt, Long-term and Short-term, Combined Amount   3,901    
Collateral finance and securitization notes 292 351    
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 1 Member        
Assets        
Mortgage loans on real estate (net of valuation allowances) 0 0    
Policy loans 0 0    
Funds withheld at interest 0 0    
Cash and cash equivalents 2,087 1,930    
Short-term investments 18 30    
Other invested assets 6 5    
Accrued investment income 0 0    
Liabilities        
Interest-sensitive contract liabilities 0 0    
Long-term Debt, Fair Value 0      
Debt, Long-term and Short-term, Combined Amount   0    
Collateral finance and securitization notes 0 0    
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 2 Member        
Assets        
Mortgage loans on real estate (net of valuation allowances) 0 0    
Policy loans 1,254 1,258    
Funds withheld at interest 0 0    
Cash and cash equivalents 0 0    
Short-term investments 0 0    
Other invested assets 84 89    
Accrued investment income 525 511    
Liabilities        
Interest-sensitive contract liabilities 0 0    
Long-term Debt, Fair Value 0      
Debt, Long-term and Short-term, Combined Amount   0    
Collateral finance and securitization notes 0 0    
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 3 Member        
Assets        
Mortgage loans on real estate (net of valuation allowances) 6,744 6,167    
Policy loans 0 0    
Funds withheld at interest 7,169 5,676    
Cash and cash equivalents 0 0    
Short-term investments 0 0    
Other invested assets 1,051 1,018    
Accrued investment income 0 0    
Liabilities        
Interest-sensitive contract liabilities 22,983 19,683    
Long-term Debt, Fair Value 3,455      
Debt, Long-term and Short-term, Combined Amount   3,901    
Collateral finance and securitization notes 292 351    
Estimate of Fair Value Measurement [Member] | Fair Value Measured at Net Asset Value Per Share [Member]        
Assets        
Mortgage loans on real estate (net of valuation allowances) 0 0    
Policy loans 0 0    
Funds withheld at interest 0 0    
Cash and cash equivalents 0 0    
Short-term investments 0 0    
Other invested assets 0 489    
Accrued investment income 0 0    
Liabilities        
Interest-sensitive contract liabilities 0 0    
Long-term Debt, Fair Value 0      
Debt, Long-term and Short-term, Combined Amount   0    
Collateral finance and securitization notes $ 0 $ 0    
[1] Carrying values presented herein may differ from those in the Company’s condensed consolidated balance sheets because certain items within the respective financial statement captions may be measured at fair value on a recurring basis.