XML 55 R44.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements - Assets and liabilities measured and carried at fair value in the financial statements (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Available for sale (AFS) fixed maturities $ 10,034 $ 10,357
Trading fixed maturities 30 28
Equity securities 996 1,042
Assets of managed investment entities 29,532 28,931
Total assets accounted for at fair value 16,159 16,723
Liabilities:    
Liabilities of managed investment entities 25,600 23,919
Total liabilities accounted for at fair value 5,073 5,243
Contingent consideration — acquisitions    
Liabilities:    
Fair value of potential contingent consideration 25 23
Contingent consideration — acquisitions | Verikai, Inc.    
Liabilities:    
Fair value of potential contingent consideration 23  
Other liabilities — derivatives    
Liabilities:    
Derivative liability 46  
Variable interest entity, primary beneficiary    
Assets:    
Assets of managed investment entities 5,099 5,296
Liabilities:    
Liabilities of managed investment entities 5,002 5,220
Fixed maturities    
Assets:    
Available for sale (AFS) fixed maturities 10,034 10,357
Trading fixed maturities 30 28
U.S. government and government agencies    
Assets:    
Available for sale (AFS) fixed maturities 214 216
States, municipalities and political subdivisions    
Assets:    
Available for sale (AFS) fixed maturities 1,258 1,832
Foreign government    
Assets:    
Available for sale (AFS) fixed maturities 223 246
Residential MBS    
Assets:    
Available for sale (AFS) fixed maturities 1,604 960
Commercial MBS    
Assets:    
Available for sale (AFS) fixed maturities 85 104
Collateralized loan obligations    
Assets:    
Available for sale (AFS) fixed maturities 1,806 1,643
Other asset-backed securities    
Assets:    
Available for sale (AFS) fixed maturities 2,271 2,676
Corporate and other    
Assets:    
Available for sale (AFS) fixed maturities 2,573 2,680
Equity securities    
Assets:    
Equity securities 996 1,042
Level 1    
Assets:    
Total assets accounted for at fair value 1,090 1,295
Liabilities:    
Total liabilities accounted for at fair value 291 384
Level 1 | Contingent consideration — acquisitions    
Liabilities:    
Fair value of potential contingent consideration 0 0
Level 1 | Other liabilities — derivatives    
Liabilities:    
Derivative liability 0  
Level 1 | Variable interest entity, primary beneficiary    
Assets:    
Assets of managed investment entities 296 390
Liabilities:    
Liabilities of managed investment entities 291 384
Level 1 | Fixed maturities    
Assets:    
Available for sale (AFS) fixed maturities 224 226
Trading fixed maturities 0 0
Level 1 | U.S. government and government agencies    
Assets:    
Available for sale (AFS) fixed maturities 214 215
Level 1 | States, municipalities and political subdivisions    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 1 | Foreign government    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 1 | Residential MBS    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 1 | Commercial MBS    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 1 | Collateralized loan obligations    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 1 | Other asset-backed securities    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 1 | Corporate and other    
Assets:    
Available for sale (AFS) fixed maturities 10 11
Level 1 | Equity securities    
Assets:    
Equity securities 570 679
Level 2    
Assets:    
Total assets accounted for at fair value 14,067 14,502
Liabilities:    
Total liabilities accounted for at fair value 4,747 4,823
Level 2 | Contingent consideration — acquisitions    
Liabilities:    
Fair value of potential contingent consideration 0 0
Level 2 | Other liabilities — derivatives    
Liabilities:    
Derivative liability 46  
Level 2 | Variable interest entity, primary beneficiary    
Assets:    
Assets of managed investment entities 4,792 4,893
Liabilities:    
Liabilities of managed investment entities 4,701 4,823
Level 2 | Fixed maturities    
Assets:    
Available for sale (AFS) fixed maturities 9,203 9,531
Trading fixed maturities 30 28
Level 2 | U.S. government and government agencies    
Assets:    
Available for sale (AFS) fixed maturities 0 1
Level 2 | States, municipalities and political subdivisions    
Assets:    
Available for sale (AFS) fixed maturities 1,257 1,791
Level 2 | Foreign government    
Assets:    
Available for sale (AFS) fixed maturities 223 246
Level 2 | Residential MBS    
Assets:    
Available for sale (AFS) fixed maturities 1,596 946
Level 2 | Commercial MBS    
Assets:    
Available for sale (AFS) fixed maturities 85 104
Level 2 | Collateralized loan obligations    
Assets:    
Available for sale (AFS) fixed maturities 1,804 1,643
Level 2 | Other asset-backed securities    
Assets:    
Available for sale (AFS) fixed maturities 1,970 2,398
Level 2 | Corporate and other    
Assets:    
Available for sale (AFS) fixed maturities 2,268 2,402
Level 2 | Equity securities    
Assets:    
Equity securities 42 50
Level 3    
Assets:    
Total assets accounted for at fair value 1,002 926
Liabilities:    
Total liabilities accounted for at fair value 35 36
Level 3 | Contingent consideration — acquisitions    
Liabilities:    
Fair value of potential contingent consideration 25 23
Level 3 | Other liabilities — derivatives    
Liabilities:    
Derivative liability 0  
Level 3 | Variable interest entity, primary beneficiary    
Assets:    
Assets of managed investment entities 11 13
Liabilities:    
Liabilities of managed investment entities 10 13
Level 3 | Fixed maturities    
Assets:    
Available for sale (AFS) fixed maturities 607 600
Trading fixed maturities 0 0
Level 3 | U.S. government and government agencies    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 3 | States, municipalities and political subdivisions    
Assets:    
Available for sale (AFS) fixed maturities 1 41
Level 3 | Foreign government    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 3 | Residential MBS    
Assets:    
Available for sale (AFS) fixed maturities 8 14
Level 3 | Commercial MBS    
Assets:    
Available for sale (AFS) fixed maturities 0 0
Level 3 | Collateralized loan obligations    
Assets:    
Available for sale (AFS) fixed maturities 2 0
Level 3 | Other asset-backed securities    
Assets:    
Available for sale (AFS) fixed maturities 301 278
Level 3 | Corporate and other    
Assets:    
Available for sale (AFS) fixed maturities 295 267
Level 3 | Equity securities    
Assets:    
Equity securities $ 384 $ 313