Investment and derivative contract gains/losses (Tables)

3 Months Ended

Mar. 31, 2021

Investments Debt And Equity Securities [Abstract]

Summary of investment and derivative gains and losses

Investment and derivative contract gains/losses in the first quarter of 2021 and 2020 are summarized as follows (in millions).

	First Quarter
	2021			2020
Investment gains (losses):
Equity securities:
Change in unrealized investment gains (losses) during the period on securities held at the end of the period	$	4,630		$	(68,482	)
Investment gains (losses) on securities sold during the period		430			(410	)
		5,060			(68,892	)
Fixed maturity securities:
Gross realized gains		20			16
Gross realized losses		(1	)		(6	)
Other		132			—
Investment gains (losses)		5,211			(68,882	)
Derivative contract gains (losses)		489			(1,393	)
	$	5,700		$	(70,275	)

Derivative contracts outstanding

Information related to these contracts follows (dollars in millions).

	March 31, 2021		December 31, 2020
Balance sheet liabilities - at fair value	$	577	$	1,065
Notional value		9,721		10,991
Intrinsic value		211		727
Weighted average remaining life (in years)		1.0		1.2

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details