Fair Value (Tables)

12 Months Ended

Dec. 31, 2017

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following represents the hierarchy for our assets and liabilities measured at fair value on a recurring basis:



	December 31, 2017
(In millions)	Total		NAV¹		Level 1		Level 2		Level 3
Assets
AFS securities
Fixed maturity securities
U.S. government and agencies	$	62	$	—	$	26	$	36	$	—
U.S. state, municipal and political subdivisions	1,165		—		—		1,165		—
Foreign governments	2,683		—		—		2,683		—
Corporate	36,660		—		—		36,082		578
CLO	5,084		—		—		5,020		64
ABS	3,971		—		—		2,510		1,461
CMBS	2,021		—		—		1,884		137
RMBS	9,366		—		—		9,065		301
Total AFS fixed maturity securities	61,012		—		26		58,445		2,541
Equity securities	277		—		18		251		8
Total AFS securities	61,289		—		44		58,696		2,549
Trading securities
Fixed maturity securities
U.S. government and agencies	3		—		3		—		—
U.S. state, municipal and political subdivisions	138		—		—		121		17
Corporate	1,475		—		—		1,475		—
CLO	27		—		—		10		17
ABS	94		—		—		17		77
CMBS	51		—		—		51		—
RMBS	408		—		—		66		342
Total trading fixed maturity securities	2,196		—		3		1,740		453
Equity securities	513		—		—		513		—
Total trading securities	2,709		—		3		2,253		453
Mortgage loans	41		—		—		—		41
Investment funds	145		104		—		—		41
Funds withheld at interest – embedded derivative	312		—		—		—		312
Derivative assets	2,551		—		7		2,544		—
Short-term investments	201		—		40		161		—
Cash and cash equivalents	4,888		—		4,888		—		—
Restricted cash	105		—		105		—		—
Investments in related parties
AFS, fixed maturity securities
CLO	360		—		—		360		—
ABS	46		—		—		46		—
Total AFS securities – related party	406		—		—		406		—
Trading securities
CLO	132		—		—		27		105
ABS	175		—		—		175		—
Total trading securities – related party	307		—		—		202		105
Investment funds	30		30		—		—		—
Short-term investments	52		—		—		52		—
Reinsurance recoverable	1,824		—		—		—		1,824
Total assets measured at fair value	$	74,860	$	134	$	5,087	$	64,314	$	5,325
									(Continued)



	December 31, 2017
(In millions)	Total		NAV¹		Level 1		Level 2		Level 3
Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	7,436	$	—	$	—	$	—	$	7,436
Universal life benefits	1,005		—		—		—		1,005
Unit-linked contracts	488		—		—		488		—
Future policy benefits
AmerUs Closed Block	1,625		—		—		—		1,625
ILICO Closed Block and life benefits	803		—		—		—		803
Derivative liabilities	134		—		—		129		5
Funds withheld liability – embedded derivative	22		—		—		22		—
Total liabilities measured at fair value	$	11,513	$	—	$	—	$	639	$	10,874

¹ Investments measured at NAV as a practical expedient in determining fair value have not been classified in the fair value hierarchy.
									(Concluded)



	December 31, 2016
(In millions)	Total		NAV¹		Level 1		Level 2		Level 3
Assets
AFS securities
Fixed maturity securities
U.S. government and agencies	$	60	$	—	$	29	$	31	$	—
U.S. state, municipal and political subdivisions	1,140		—		—		1,135		5
Foreign governments	2,235		—		—		2,221		14
Corporate	30,020		—		—		29,650		370
CLO	4,822		—		—		4,664		158
ABS	2,936		—		—		1,776		1,160
CMBS	1,847		—		—		1,695		152
RMBS	8,973		—		—		8,956		17
Total AFS fixed maturity securities	52,033		—		29		50,128		1,876
Equity securities	353		—		79		269		5
Total AFS securities	52,386		—		108		50,397		1,881
Trading securities
Fixed maturity securities
U.S. government and agencies	3		—		3		—		—
U.S. state, municipal and political subdivisions	137		—		—		120		17
Corporate	1,423		—		—		1,423		—
CLO	43		—		—		—		43
ABS	82		—		—		82		—
CMBS	81		—		—		81		—
RMBS	387		—		—		291		96
Total trading fixed maturity securities	2,156		—		3		1,997		156
Equity securities	425		—		—		425		—
Total trading securities	2,581		—		3		2,422		156
									(Continued)



	December 31, 2016
(In millions)	Total		NAV¹		Level 1		Level 2		Level 3
Mortgage loans	44		—		—		—		44
Investment funds	99		99		—		—		—
Funds withheld at interest – embedded derivative	140		—		—		—		140
Derivative assets	1,370		—		9		1,361		—
Short-term investments	189		—		19		170		—
Cash and cash equivalents	2,445		—		2,445		—		—
Restricted cash	57		—		57		—		—
Investments in related parties
AFS, fixed maturity securities
CLO	279		—		—		279		—
ABS	56		—		—		—		56
Total AFS fixed maturity securities	335		—		—		279		56
AFS, equity securities	20		—		20		—		—
Total AFS securities – related party	355		—		20		279		56
Trading securities, CLO	195		—		—		—		195
Reinsurance recoverable	1,692		—		—		—		1,692
Total assets measured at fair value	$	61,553	$	99	$	2,661	$	54,629	$	4,164
Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	5,283	$	—	$	—	$	—	$	5,283
Universal life benefits	883		—		—		—		883
Unit-linked contracts	408		—		—		408		—
Future policy benefits
AmerUs Closed Block	1,606		—		—		—		1,606
ILICO Closed Block and life benefits	794		—		—		—		794
Derivative liabilities	40		—		—		33		7
Funds withheld liability – embedded derivative	6		—		—		6		—
Total liabilities measured at fair value	$	9,020	$	—	$	—	$	447	$	8,573

¹ Investments measured at NAV as a practical expedient in determining fair value have not been classified in the fair value hierarchy.
									(Concluded)

Summary of Fair Value Option

The following represents the gains (losses) recorded for instruments for which we have elected the fair value option:



	Years ended December 31,
(In millions)	2017			2016			2015
Trading securities	$	63		$	(33	)	$	(313	)
Mortgage loans	(1		)	—			—
Investment funds, including related party investment funds	30			5			(8		)
Future policy benefits	(19		)	(25		)	134
Total gains (losses)	$	73		$	(53	)	$	(187	)

The following summarizes information for fair value option mortgage loans:



	December 31,
(In millions)	2017		2016
Unpaid principal balance	$	40	$	42
Mark to fair value	1		2
Fair value	$	41	$	44

Reconciliation of Level 3 Assets Measured on a Recurring Basis

The following is a reconciliation for all Level 3 assets and liabilities measured at fair value on a recurring basis:



	Year ended December 31, 2017
				Total realized and unrealized gains (losses)									Transfers
(In millions)	Beginning Balance			Included in income			Included in OCI			Purchases, issuances, sales and settlements, net			In		(Out)			Ending Balance			Total gains (losses) included in earnings¹
Assets
AFS securities
Fixed maturity
U.S. state, municipal and political subdivisions	$	5		$	16		$	(1	)	$	(20	)	$	—	$	—		$	—		$	—
Foreign governments	14			—			—			—			—		(14		)	—			—
Corporate	370			13			15			177			29		(26		)	578			—
CLO	158			1			10			(31		)	28		(102		)	64			—
ABS	1,160			26			29			163			93		(10		)	1,461			—
CMBS	152			1			(4		)	28			51		(91		)	137			—
RMBS	17			1			1			2			289		(9		)	301			—
Equity securities	5			—			—			3			—		—			8			—
Trading securities
Fixed maturity
U.S. state, municipal and political subdivisions	17			—			—			—			—		—			17			—
CLO	43			(4		)	—			(12		)	—		(10		)	17			1
ABS	—			—			—			—			77		—			77			—
RMBS	96			(19		)	—			70			195		—			342			7
Mortgage loans	44			(1		)	—			(2		)	—		—			41			(1		)
Investment funds	—			—			—			—			41		—			41			—
Funds withheld at interest – embedded derivative	140			172			—			—			—		—			312			—
Investments in related parties
AFS securities, fixed maturity, ABS	56			—			1			(10		)	—		(47		)	—			—
Trading securities, CLO	195			(8		)	—			(55		)	—		(27		)	105			(5		)
Reinsurance recoverable	1,692			132			—			—			—		—			1,824			—
Total Level 3 assets	$	4,164		$	330		$	51		$	313		$	803	$	(336	)	$	5,325		$	2

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	(5,283	)	$	(1,758	)	$	—		$	(395	)	$	—	$	—		$	(7,436	)	$	—
Universal life benefits	(883		)	(122		)	—			—			—		—			(1,005		)	—
Future policy benefits
AmerUs Closed Block	(1,606		)	(19		)	—			—			—		—			(1,625		)	—
ILICO Closed Block and life benefits	(794		)	(9		)	—			—			—		—			(803		)	—
Derivative liabilities	(7		)	2			—			—			—		—			(5		)	2
Total Level 3 liabilities	$	(8,573	)	$	(1,906	)	$	—		$	(395	)	$	—	$	—		$	(10,874	)	$	2

¹ Related to instruments held at end of period.



	Year ended December 31, 2016
				Total realized and unrealized gains (losses)									Transfers
(In millions)	Beginning balance			Included in income			Included in OCI			Purchases, issuances, sales and settlements, net			In		Out			Ending balance			Total gains (losses) included in earnings¹
Assets
AFS securities
Fixed maturity
U.S. state, municipal and political subdivisions	$	—		$	—		$	—		$	—		$	5	$	—		$	5		$	—
Foreign governments	17			—			(1		)	(2		)	—		—			14			—
Corporate	636			—			20			(36		)	—		(250		)	370			—
CLO	517			4			55			(46		)	72		(444		)	158			—
ABS	1,813			81			(12		)	(635		)	104		(191		)	1,160			—
CMBS	67			1			—			39			91		(46		)	152			—
RMBS	758			3			19			(297		)	—		(466		)	17			—
Equity securities	9			—			—			(4		)	—		—			5			—
Trading securities
Fixed maturity
U.S. state, municipal and political subdivisions	17			—			—			—			—		—			17			—
Corporate	16			—			—			(4		)	—		(12		)	—			4
CLO	108			(2		)	—			(63		)	—		—			43			11
ABS	98			(16		)	—			—			—		(82		)	—			—
RMBS	29			(23		)	—			144			—		(54		)	96			(9		)
Mortgage loans	48			—			—			(4		)	—		—			44			—
Funds withheld at interest – embedded derivative	36			104			—			—			—		—			140			—
Investments in related parties
AFS securities
Fixed maturity
CLO	7			—			1			—			—		(8		)	—			—
ABS	60			—			—			(4		)	—		—			56			—
Trading securities, CLO	191			(33		)	—			7			30		—			195			23
Reinsurance recoverable	2,377			(685		)	—			—			—		—			1,692			—
Total Level 3 assets	$	6,804		$	(566	)	$	82		$	(905	)	$	302	$	(1,553	)	$	4,164		$	29

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	(4,464	)	$	(324	)	$	—		$	(495	)	$	—	$	—		$	(5,283	)	$	—
Universal life benefits	(1,464		)	581			—			—			—		—			(883		)	—
Future policy benefits
AmerUs Closed Block	(1,581		)	(25		)	—			—			—		—			(1,606		)	—
ILICO Closed Block and life benefits	(897		)	103			—			—			—		—			(794		)	—
Derivative liabilities	(7		)	—			—			—			—		—			(7		)	—
Total Level 3 liabilities	$	(8,413	)	$	335		$	—		$	(495	)	$	—	$	—		$	(8,573	)	$	—

¹Related to instruments held at end of period.

The following represents the gross components of purchases, issuances, sales and settlements, net, shown above:



	Year ended December 31, 2017
(In millions)	Purchases		Issuances			Sales			Settlements			Purchases, issuances, sales and settlements, net
Assets
AFS securities
Fixed maturity
U.S. state, municipal and political subdivisions	$	—	$	—		$	—		$	(20	)	$	(20	)
Corporate	228		—			(36		)	(15		)	177
CLO	15		—			(2		)	(44		)	(31		)
ABS	577		—			—			(414		)	163
CMBS	29		—			—			(1		)	28
RMBS	4		—			—			(2		)	2
Equity securities	3		—			—			—			3
Trading securities, fixed maturity
CLO	4		—			(16		)	—			(12		)
RMBS	70		—			—			—			70
Mortgage loans	—		—			—			(2		)	(2		)
Investments in related parties
AFS securities, fixed maturity, ABS	5		—			—			(15		)	(10		)
Trading securities, CLO	—		—			(55		)	—			(55		)
Total Level 3 assets	$	935	$	—		$	(109	)	$	(513	)	$	313

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	—	$	(600	)	$	—		$	205		$	(395	)
Total Level 3 liabilities	$	—	$	(600	)	$	—		$	205		$	(395	)

Reconciliation of Level 3 Liabilities Measured on a Recurring Basis

The following is a reconciliation for all Level 3 assets and liabilities measured at fair value on a recurring basis:



	Year ended December 31, 2017
				Total realized and unrealized gains (losses)									Transfers
(In millions)	Beginning Balance			Included in income			Included in OCI			Purchases, issuances, sales and settlements, net			In		(Out)			Ending Balance			Total gains (losses) included in earnings¹
Assets
AFS securities
Fixed maturity
U.S. state, municipal and political subdivisions	$	5		$	16		$	(1	)	$	(20	)	$	—	$	—		$	—		$	—
Foreign governments	14			—			—			—			—		(14		)	—			—
Corporate	370			13			15			177			29		(26		)	578			—
CLO	158			1			10			(31		)	28		(102		)	64			—
ABS	1,160			26			29			163			93		(10		)	1,461			—
CMBS	152			1			(4		)	28			51		(91		)	137			—
RMBS	17			1			1			2			289		(9		)	301			—
Equity securities	5			—			—			3			—		—			8			—
Trading securities
Fixed maturity
U.S. state, municipal and political subdivisions	17			—			—			—			—		—			17			—
CLO	43			(4		)	—			(12		)	—		(10		)	17			1
ABS	—			—			—			—			77		—			77			—
RMBS	96			(19		)	—			70			195		—			342			7
Mortgage loans	44			(1		)	—			(2		)	—		—			41			(1		)
Investment funds	—			—			—			—			41		—			41			—
Funds withheld at interest – embedded derivative	140			172			—			—			—		—			312			—
Investments in related parties
AFS securities, fixed maturity, ABS	56			—			1			(10		)	—		(47		)	—			—
Trading securities, CLO	195			(8		)	—			(55		)	—		(27		)	105			(5		)
Reinsurance recoverable	1,692			132			—			—			—		—			1,824			—
Total Level 3 assets	$	4,164		$	330		$	51		$	313		$	803	$	(336	)	$	5,325		$	2

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	(5,283	)	$	(1,758	)	$	—		$	(395	)	$	—	$	—		$	(7,436	)	$	—
Universal life benefits	(883		)	(122		)	—			—			—		—			(1,005		)	—
Future policy benefits
AmerUs Closed Block	(1,606		)	(19		)	—			—			—		—			(1,625		)	—
ILICO Closed Block and life benefits	(794		)	(9		)	—			—			—		—			(803		)	—
Derivative liabilities	(7		)	2			—			—			—		—			(5		)	2
Total Level 3 liabilities	$	(8,573	)	$	(1,906	)	$	—		$	(395	)	$	—	$	—		$	(10,874	)	$	2

¹ Related to instruments held at end of period.



	Year ended December 31, 2016
				Total realized and unrealized gains (losses)									Transfers
(In millions)	Beginning balance			Included in income			Included in OCI			Purchases, issuances, sales and settlements, net			In		Out			Ending balance			Total gains (losses) included in earnings¹
Assets
AFS securities
Fixed maturity
U.S. state, municipal and political subdivisions	$	—		$	—		$	—		$	—		$	5	$	—		$	5		$	—
Foreign governments	17			—			(1		)	(2		)	—		—			14			—
Corporate	636			—			20			(36		)	—		(250		)	370			—
CLO	517			4			55			(46		)	72		(444		)	158			—
ABS	1,813			81			(12		)	(635		)	104		(191		)	1,160			—
CMBS	67			1			—			39			91		(46		)	152			—
RMBS	758			3			19			(297		)	—		(466		)	17			—
Equity securities	9			—			—			(4		)	—		—			5			—
Trading securities
Fixed maturity
U.S. state, municipal and political subdivisions	17			—			—			—			—		—			17			—
Corporate	16			—			—			(4		)	—		(12		)	—			4
CLO	108			(2		)	—			(63		)	—		—			43			11
ABS	98			(16		)	—			—			—		(82		)	—			—
RMBS	29			(23		)	—			144			—		(54		)	96			(9		)
Mortgage loans	48			—			—			(4		)	—		—			44			—
Funds withheld at interest – embedded derivative	36			104			—			—			—		—			140			—
Investments in related parties
AFS securities
Fixed maturity
CLO	7			—			1			—			—		(8		)	—			—
ABS	60			—			—			(4		)	—		—			56			—
Trading securities, CLO	191			(33		)	—			7			30		—			195			23
Reinsurance recoverable	2,377			(685		)	—			—			—		—			1,692			—
Total Level 3 assets	$	6,804		$	(566	)	$	82		$	(905	)	$	302	$	(1,553	)	$	4,164		$	29

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	(4,464	)	$	(324	)	$	—		$	(495	)	$	—	$	—		$	(5,283	)	$	—
Universal life benefits	(1,464		)	581			—			—			—		—			(883		)	—
Future policy benefits
AmerUs Closed Block	(1,581		)	(25		)	—			—			—		—			(1,606		)	—
ILICO Closed Block and life benefits	(897		)	103			—			—			—		—			(794		)	—
Derivative liabilities	(7		)	—			—			—			—		—			(7		)	—
Total Level 3 liabilities	$	(8,413	)	$	335		$	—		$	(495	)	$	—	$	—		$	(8,573	)	$	—

¹Related to instruments held at end of period.

The following represents the gross components of purchases, issuances, sales and settlements, net, shown above:



	Year ended December 31, 2017
(In millions)	Purchases		Issuances			Sales			Settlements			Purchases, issuances, sales and settlements, net
Assets
AFS securities
Fixed maturity
U.S. state, municipal and political subdivisions	$	—	$	—		$	—		$	(20	)	$	(20	)
Corporate	228		—			(36		)	(15		)	177
CLO	15		—			(2		)	(44		)	(31		)
ABS	577		—			—			(414		)	163
CMBS	29		—			—			(1		)	28
RMBS	4		—			—			(2		)	2
Equity securities	3		—			—			—			3
Trading securities, fixed maturity
CLO	4		—			(16		)	—			(12		)
RMBS	70		—			—			—			70
Mortgage loans	—		—			—			(2		)	(2		)
Investments in related parties
AFS securities, fixed maturity, ABS	5		—			—			(15		)	(10		)
Trading securities, CLO	—		—			(55		)	—			(55		)
Total Level 3 assets	$	935	$	—		$	(109	)	$	(513	)	$	313

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	—	$	(600	)	$	—		$	205		$	(395	)
Total Level 3 liabilities	$	—	$	(600	)	$	—		$	205		$	(395	)

Gross Components of Purchases, Sales, Issuances and Settlements, net



	Year ended December 31, 2017
(In millions)	Purchases		Issuances			Sales			Settlements			Purchases, issuances, sales and settlements, net
Assets
AFS securities
Fixed maturity
U.S. state, municipal and political subdivisions	$	—	$	—		$	—		$	(20	)	$	(20	)
Corporate	228		—			(36		)	(15		)	177
CLO	15		—			(2		)	(44		)	(31		)
ABS	577		—			—			(414		)	163
CMBS	29		—			—			(1		)	28
RMBS	4		—			—			(2		)	2
Equity securities	3		—			—			—			3
Trading securities, fixed maturity
CLO	4		—			(16		)	—			(12		)
RMBS	70		—			—			—			70
Mortgage loans	—		—			—			(2		)	(2		)
Investments in related parties
AFS securities, fixed maturity, ABS	5		—			—			(15		)	(10		)
Trading securities, CLO	—		—			(55		)	—			(55		)
Total Level 3 assets	$	935	$	—		$	(109	)	$	(513	)	$	313

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	—	$	(600	)	$	—		$	205		$	(395	)
Total Level 3 liabilities	$	—	$	(600	)	$	—		$	205		$	(395	)



	Year ended December 31, 2016
(In millions)	Purchases		Issuances			Sales			Settlements			Purchases, issuances, sales and settlements, net
Assets
AFS securities
Fixed maturity
Foreign governments	$	—	$	—		$	—		$	(2	)	$	(2	)
Corporate	95		—			(68		)	(63		)	(36		)
CLO	24		—			(29		)	(41		)	(46		)
ABS	261		—			—			(896		)	(635		)
CMBS	40		—			—			(1		)	39
RMBS	8		—			—			(305		)	(297		)
Equity securities	—		—			(4		)	—			(4		)
Trading securities, fixed maturity
Corporate	—		—			—			(4		)	(4		)
CLO	4		—			(67		)	—			(63		)
RMBS	144		—			—			—			144
Mortgage loans	—		—			—			(4		)	(4		)
Investments in related parties
AFS securities, fixed maturity, ABS	—		—			—			(4		)	(4		)
Trading securities, CLO	33		—			(26		)	—			7
Total Level 3 assets	$	609	$	—		$	(194	)	$	(1,320	)	$	(905	)

Liabilities
Interest sensitive contract liabilities
Embedded derivative	$	—	$	(641	)	$	—		$	146		$	(495	)
Total Level 3 liabilities	$	—	$	(641	)	$	—		$	146		$	(495	)

Summary of the Unobservable Inputs for the Embedded Derivative of Fixed Indexed Annuities

The following summarizes the unobservable inputs for the embedded derivatives of fixed indexed annuities:



	December 31, 2017
(In millions, except for percentages)	Fair value		Valuation technique	Unobservable inputs	Input/range of inputs				Impact of an increase in the input on fair value
Interest sensitive contract liabilities – fixed indexed annuities embedded derivatives	$	7,436	Option budget method	Non-performance risk	0.2	%	–	1.2%	Decrease
				Option budget	0.7	%	–	3.7%	Increase
				Surrender rate	1.5	%	–	19.4%	Decrease



	December 31, 2016
(In millions, except for percentages)	Fair value		Valuation technique	Unobservable inputs	Input/range of inputs				Impact of an increase in the input on fair value
Interest sensitive contract liabilities – fixed indexed annuities embedded derivatives	$	5,283	Option budget method	Non-performance risk	0.7	%	–	1.5%	Decrease
				Option budget	0.8	%	–	3.8%	Increase
				Surrender rate	0.0	%	–	16.3%	Decrease

Summary of Financial Instruments Not Carried at Fair Value on the Balance Sheet

The following represents our financial instruments not carried at fair value on the consolidated balance sheets:



	December 31, 2017
(In millions)	Carrying Value		Fair Value		NAV¹		Level 1		Level 2		Level 3
Assets
Mortgage loans	$	6,192	$	6,342	$	—	$	—	$	—	$	6,342
Investment funds	554		554		554		—		—		—
Policy loans	530		530		—		—		530		—
Funds withheld at interest	6,773		6,773		—		—		—		6,773
Other investments	133		133		—		—		58		75
Investments in related parties
Investment funds	1,280		1,280		1,280		—		—		—
Other investments	238		259		—		—		—		259
Total assets not carried at fair value	$	15,700	$	15,871	$	1,834	$	—	$	588	$	13,449
Liabilities
Interest sensitive contract liabilities	$	31,586	$	31,656	$	—	$	—	$	—	$	31,656
Funds withheld liability	385		385		—		—		385		—
Total liabilities not carried at fair value	$	31,971	$	32,041	$	—	$	—	$	385	$	31,656

¹ Investments measured at NAV as a practical expedient in determining fair value have not been classified in the fair value hierarchy.



	December 31, 2016
(In millions)	Carrying Value		Fair Value		NAV¹		Level 1		Level 2		Level 3
Assets
Mortgage loans	$	5,426	$	5,560	$	—	$	—	$	—	$	5,560
Investment funds	590		590		590		—		—		—
Policy loans	602		602		—		—		602		—
Funds withheld at interest	6,398		6,398		—		—		—		6,398
Other investments	81		81		—		—		—		81
Investments in related parties
Investment funds	1,198		1,198		1,198		—		—		—
Other investments	237		262		—		—		—		262
Total assets not carried at fair value	$	14,532	$	14,691	$	1,788	$	—	$	602	$	12,301
Liabilities
Interest sensitive contract liabilities	$	27,628	$	26,930	$	—	$	—	$	—	$	26,930
Funds withheld liability	374		374		—		—		374		—
Total liabilities not carried at fair value	$	28,002	$	27,304	$	—	$	—	$	374	$	26,930

¹ Investments measured at NAV as a practical expedient in determining fair value have not been classified in the fair value hierarchy.

- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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