XML 87 R70.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value of Assets and Liabilities - Rollforward of level 3 assets and liabilities held at fair value on a recurring basis during the period (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Assets        
Balance at beginning of period $ 678 $ 851 $ 565 $ 832
Total gains (losses) included in: net income 54 9 92 27
Total gains (losses) included in: OCI (3) 3 (4) 0
Transfers into Level 3 0 0 0 13
Transfers out of Level 3 (86) (55) (28) (33)
Transfers to (from) held for sale   0   0
Purchases 91 36 118 91
Sales (34) (75) (41) (122)
Issues 0 0 0 0
Settlements (24) (42) (26) (81)
Balance at end of period 676 727 676 727
Liabilities        
Balance at the beginning of the period 0 (463) 0 (516)
Total gains (losses) included in: net income 0 (24) 0 31
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale   0   0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 (8) 0 (16)
Settlements 0 5 0 11
Balance at the end of the period 0 (490) 0 (490)
Net investment income        
Total Level 3 gains (losses) included in net income        
Gain (loss) included in earnings 4 (5) 13 (6)
Net gains (losses) on investments and derivatives        
Total Level 3 gains (losses) included in net income        
Gain (loss) included in earnings 50 13 79 32
Liabilities held for sale        
Liabilities        
Balance at the beginning of the period   (463)   (516)
Total gains (losses) included in: net income 0 (24) 0 31
Total gains (losses) included in: OCI   0   0
Transfers into Level 3   0   0
Transfers out of Level 3   0   0
Transfers to (from) held for sale   0   0
Purchases   0   0
Sales   0   0
Issues   (8)   (16)
Settlements   5   11
Balance at the end of the period   (490)   (490)
Municipal        
Assets        
Balance at beginning of period 17 18 18 17
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 1 0 1 1
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale   0   0
Purchases 1 0 1 3
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (1) 0 (2) (3)
Balance at end of period 18 18 18 18
Corporate - public        
Assets        
Balance at beginning of period 49 43 20 67
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI (1) 1 (3) (2)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (35) (3) 0 0
Transfers to (from) held for sale   0   (6)
Purchases 71 0 71 14
Sales (5) (21) (9) (53)
Issues 0 0 0 0
Settlements (2) 0 (2) 0
Balance at end of period 77 20 77 20
Corporate - privately placed        
Assets        
Balance at beginning of period 130 105 66 63
Total gains (losses) included in: net income 19 0 19 1
Total gains (losses) included in: OCI (3) 2 (2) 0
Transfers into Level 3 0 0 0 10
Transfers out of Level 3 (51) (27) 0 0
Transfers to (from) held for sale   1   14
Purchases 2 23 14 16
Sales (24) (20) (24) (20)
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 73 84 73 84
ABS        
Assets        
Balance at beginning of period 19 102 40 79
Total gains (losses) included in: net income 0 0 1 0
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (25) (28) (32)
Transfers to (from) held for sale   0   0
Purchases 0 0 7 34
Sales 0 (4) 0 (8)
Issues 0 0 0 0
Settlements (1) (40) (2) (40)
Balance at end of period 18 33 18 33
Fixed income securities        
Assets        
Balance at beginning of period 215 268 144 226
Total gains (losses) included in: net income 19 0 20 1
Total gains (losses) included in: OCI (3) 3 (4) (1)
Transfers into Level 3 0 0 0 10
Transfers out of Level 3 (86) (55) (28) (32)
Transfers to (from) held for sale   1   8
Purchases 74 23 93 67
Sales (29) (45) (33) (81)
Issues 0 0 0 0
Settlements (4) (40) (6) (43)
Balance at end of period 186 155 186 155
Equity securities        
Assets        
Balance at beginning of period 373 410 349 304
Total gains (losses) included in: net income 4 8 29 25
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale   8   100
Purchases 0 6 2 10
Sales (5) (27) (8) (34)
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 372 405 372 405
Short-term investments        
Assets        
Balance at beginning of period 11 0 5 35
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale   0   0
Purchases 17 0 23 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (20) 0 (20) (35)
Balance at end of period 8 0 8 0
Other investments        
Assets        
Balance at beginning of period 2 3 2 0
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale   0   0
Purchases 0 0 0 3
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 2 3 2 3
Other assets        
Assets        
Balance at beginning of period 77   65  
Total gains (losses) included in: net income 31   43  
Total gains (losses) included in: OCI 0   0  
Transfers into Level 3 0   0  
Transfers out of Level 3 0   0  
Purchases 0   0  
Sales 0   0  
Issues 0   0  
Settlements 0   0  
Balance at end of period $ 108   $ 108  
Assets held for sale        
Assets        
Balance at beginning of period   170   267
Total gains (losses) included in: net income   1   1
Total gains (losses) included in: OCI   0   1
Transfers into Level 3   0   3
Transfers out of Level 3   0   (1)
Transfers to (from) held for sale   (9)   (108)
Purchases   7   11
Sales   (3)   (7)
Issues   0   0
Settlements   (2)   (3)
Balance at end of period   $ 164   $ 164