XML 59 R47.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2021
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   $ 3,649 $ 3,513 $ 3,706 $ 3,841
Total realized/unrealized gains (losses) included in Net income   30 (2) 156 (45)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   22 72 (22) 24
Purchases and issuances   86 263 437 465
Sales and settlements   (196) (50) (444) (273)
Transfer into Level 3   5 156 56 351
Transfer out of Level 3   (12) (112) (305) (523)
Sale of annuity business $ (2,719)        
Financial assets, Ending Balance   865 3,840 865 3,840
Fixed maturities          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   602 545 538 571
Total realized/unrealized gains (losses) included in Net income   (2) 0 (3) (6)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   1 8 (1) 4
Purchases and issuances   60 47 202 93
Sales and settlements   (55) (12) (97) (61)
Transfer into Level 3   4 29 23 82
Transfer out of Level 3   (5) (2) (57) (68)
Sale of annuity business 0        
Financial assets, Ending Balance   605 615 605 615
U.S. government agency          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   0 0 0 0
Total realized/unrealized gains (losses) included in Net income   0 0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0 0
Purchases and issuances   0 0 0 0
Sales and settlements   0 0 0 0
Transfer into Level 3   0 0 0 0
Transfer out of Level 3   0 0 0 0
Sale of annuity business 0        
Financial assets, Ending Balance   0 0 0 0
State and municipal          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   39 41 39 40
Total realized/unrealized gains (losses) included in Net income   0 0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 1 0 2
Purchases and issuances   0 0 0 0
Sales and settlements   (3) (1) (3) (1)
Transfer into Level 3   0 0 0 0
Transfer out of Level 3   0 0 0 0
Sale of annuity business 0        
Financial assets, Ending Balance   36 41 36 41
Residential MBS          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   27 44 38 45
Total realized/unrealized gains (losses) included in Net income   0 0 (3) 1
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 1 0 (1)
Purchases and issuances   0 0 6 0
Sales and settlements   (1) (1) (1) (2)
Transfer into Level 3   3 0 6 1
Transfer out of Level 3   (1) (2) (18) (2)
Sale of annuity business 0        
Financial assets, Ending Balance   28 42 28 42
Commercial MBS          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   0 6 2 6
Total realized/unrealized gains (losses) included in Net income   0 0 0 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0 0
Purchases and issuances   0 0 0 0
Sales and settlements   0 0 0 0
Transfer into Level 3   0 0 0 0
Transfer out of Level 3   0 0 (2) 0
Sale of annuity business 0        
Financial assets, Ending Balance   0 6 0 6
Collateralized loan obligations          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   6 44 16 1
Total realized/unrealized gains (losses) included in Net income   0 (1) 1 (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 3 (1) 3
Purchases and issuances   0 0 0 0
Sales and settlements   0 0 (1) 0
Transfer into Level 3   0 9 0 52
Transfer out of Level 3   0 0 (9) 0
Sale of annuity business 0        
Financial assets, Ending Balance   6 55 6 55
Other asset-backed securities          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   326 238 305 256
Total realized/unrealized gains (losses) included in Net income   0 1 0 (5)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   1 1 1 1
Purchases and issuances   38 39 90 61
Sales and settlements   (49) (6) (72) (47)
Transfer into Level 3   0 20 14 27
Transfer out of Level 3   (1) 0 (23) 0
Sale of annuity business 0        
Financial assets, Ending Balance   315 293 315 293
Corporate and other          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   204 172 138 223
Total realized/unrealized gains (losses) included in Net income   (2) 0 (1) (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 2 (1) (1)
Purchases and issuances   22 8 106 32
Sales and settlements   (2) (4) (20) (11)
Transfer into Level 3   1 0 3 2
Transfer out of Level 3   (3) 0 (5) (66)
Sale of annuity business 0        
Financial assets, Ending Balance   220 178 220 178
Equity securities          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   227 155 176 161
Total realized/unrealized gains (losses) included in Net income   18 1 71 (17)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0 0
Purchases and issuances   12 8 24 11
Sales and settlements   (5) 0 (19) 0
Transfer into Level 3   0 0 0 9
Transfer out of Level 3   (7) 0 (7) 0
Sale of annuity business 0        
Financial assets, Ending Balance   245 164 245 164
Assets of MIE          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   14 16 21 17
Total realized/unrealized gains (losses) included in Net income   (1) (1) 3 (2)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   0 0 0 0
Purchases and issuances   1 0 2 0
Sales and settlements   0 0 0 0
Transfer into Level 3   1 2 1 2
Transfer out of Level 3   0 0 (12) 0
Sale of annuity business 0        
Financial assets, Ending Balance   15 17 15 17
Assets of discontinued annuity operations | Annuity subsidiaries          
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Financial assets, Beginning Balance   2,806 2,797 2,971 3,092
Total realized/unrealized gains (losses) included in Net income   15 (2) 85 (20)
Total realized/unrealized gains (losses) included in other comprehensive income (loss)   21 64 (21) 20
Purchases and issuances   13 208 209 361
Sales and settlements   (136) (38) (328) (212)
Transfer into Level 3   0 125 32 258
Transfer out of Level 3   0 (110) (229) (455)
Sale of annuity business $ (2,719)        
Financial assets, Ending Balance   $ 0 $ 3,044 $ 0 $ 3,044