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FAIR VALUE OPTION (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of disclosures of financial instruments for which the fair value option was elected
The following table summarizes the financial instruments for which the fair value option has been elected:

 March 31, 2022December 31, 2021
Assets
Asset Management
Credit$696,906 $2,019,229 
Investments of Consolidated CFEs22,014,866 22,076,809 
Real Assets207,543 182,858 
Equity Method - Other1,507,802 1,601,515 
Other Investments169,492 197,675 
  Total Asset Management$24,596,609 $26,078,086 
Insurance
Mortgage and other loan receivables$1,007,906 $832,674 
Other investments174,875 147,811 
Reinsurance recoverable1,231,957 1,293,791 
  Total Insurance$2,414,738 $2,274,276 
     Total Assets$27,011,347 $28,352,362 
Liabilities
Asset Management
Debt Obligations of Consolidated CFEs$21,213,206 $21,271,084 
  Total Asset Management$21,213,206 $21,271,084 
Insurance
Policy liabilities$1,736,399 $1,869,678 
  Total Insurance$1,736,399 $1,869,678 
     Total Liabilities$22,949,605 $23,140,762 
The following table presents the net realized and unrealized gains (losses) on financial instruments for which the fair value option was elected:
Three Months Ended March 31, 2022
Net Realized
Gains (Losses)
Net Unrealized
Gains (Losses)
Total
Assets
Asset Management
Credit$(37,515)$(15,834)$(53,349)
Investments of Consolidated CFEs2,949 (269,548)(266,599)
Real Assets85 24,685 24,770 
Equity Method - Other(16,333)(45,468)(61,801)
Other Investments6,308 (7,685)(1,377)
   Total Asset Management $(44,506)$(313,850)$(358,356)
Insurance
Mortgage and other loan receivables— (27,015)(27,015)
Other investments— 27,737 27,737 
    Total Insurance$ $722 $722 
Total Assets$(44,506)$(313,128)$(357,634)
Liabilities
Asset Management
Debt Obligations of Consolidated CFEs(785)226,058 225,273 
   Total Asset Management$(785)$226,058 $225,273 
Insurance
Policy liabilities— 42,419 42,419 
   Total Insurance$ $42,419 $42,419 
Total Liabilities$(785)$268,477 $267,692 
Three Months Ended March 31, 2021
 Net Realized
Gains (Losses)
Net Unrealized
Gains (Losses)
Total
Assets
Asset Management
Credit$(15,689)$(18,745)$(34,434)
Investments of Consolidated CFEs(2,628)128,143 125,515 
Real Assets47 727 774 
Equity Method - Other984 229,081 230,065 
Other Investments5,050 7,004 12,054 
   Total Asset Management$(12,236)$346,210 $333,974 
Insurance
Mortgage and other loan receivables— 7,561 7,561 
Other investments— 3,866 3,866 
   Total Insurance 11,427 11,427 
Total Assets$(12,236)$357,637 $345,401 
Liabilities
Asset Management
Debt Obligations of Consolidated CFEs$(2,048)$(44,096)$(46,144)
   Total Asset Management$(2,048)$(44,096)$(46,144)
Insurance
Policy liabilities$— $(65,834)$(65,834)
   Total Insurance$ $(65,834)$(65,834)
Total Liabilities$(2,048)$(109,930)$(111,978)