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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Policy acquisition costs deferred     $ (1,791) $ (371)
Purchases of:        
Deposits on investment-type policies and contracts through reinsurance agreements     18,508 511
Withdrawals on investment-type policies and contracts through reinsurance agreements     899 390
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Reinsurance Agreement Payments     (394) 0
Amortization of deferred acquisition costs and value of business acquired $ 30 $ 80 211 251
Net investments (income) loss     (61) (65)
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10)     (559) (1,271)
Accrued investment income     (70) (67)
Policy acquisition costs deferred     (495) (371)
Interest sensitive contract liabilities     562 1,655
Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable     1,080 460
Funds withheld assets and liabilities     (239) (327)
Sales, maturities and repayments of:        
Available-for-sale securities (related party: 2018 – $111 and 2017 – $126)     9,003 9,199
Trading securities     327 120
Investment funds     330 300
Derivative instruments and other invested assets     1,548 1,083
Short-term investments     430 289
Purchases of:        
Fixed maturity securities (related party: 2017 – $(186) and 2016 – $0)     (12,128) (13,668)
Mortgage loans     (4,079) (1,925)
Trading securities     (17) (79)
Investment funds     (1,073) (366)
Derivative instruments and other invested assets     (973) (562)
Short-term investments     (421) (222)
Deposits on investment-type policies and contracts     7,011 7,521
Repayments of Annuities and Investment Certificates     (4,254) (3,701)
Payments for coinsurance agreements on investment-type contracts, net     9 (17)
Variable Interest Entities        
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10)     (18) (28)
Purchases of:        
Sales, maturities, and repayments of investments     114 40
Purchases of investments     (66) (22)
Related Party | Consolidated Entity Excluding Variable Interest Entities (VIE)        
Reinsurance Agreement Payments     (407) 0
Net investments (income) loss     (77) (66)
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10)     (5) 2
Accrued investment income     (13) 0
Interest sensitive contract liabilities     136 0
Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable     54 0
Funds withheld assets and liabilities     (119) 0
Sales, maturities and repayments of:        
Available-for-sale securities (related party: 2018 – $111 and 2017 – $126)     111 126
Trading securities     30 52
Investment funds     197 219
Short-term investments     162 28
Purchases of:        
Fixed maturity securities (related party: 2017 – $(186) and 2016 – $0)     (598) (186)
Mortgage loans     (389) 0
Investment funds     (894) (244)
Derivative instruments and other invested assets     (150) 0
Short-term investments     (121) (37)
Deposits on investment-type policies and contracts     140 0
Repayments of Annuities and Investment Certificates     (143) 0
Deposits on investment-type policies and contracts through reinsurance agreements     17,574 0
Withdrawals on investment-type policies and contracts through reinsurance agreements     604 0
Related Party | Variable Interest Entities        
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10)     (18) (29)
Purchases of:        
Sales, maturities, and repayments of investments     103 40
Purchases of investments     (14) (22)
Equity securities | Consolidated Entity Excluding Variable Interest Entities (VIE)        
Sales, maturities and repayments of:        
Proceeds from Sale and Maturity of Marketable Securities     25 743
Purchases of:        
Equity securities     163 655
Equity securities | Related Party | Consolidated Entity Excluding Variable Interest Entities (VIE)        
Sales, maturities and repayments of:        
Proceeds from Sale and Maturity of Marketable Securities     0 22
Exchange of Stock for Stock [Member] | Equity securities        
Sales, maturities and repayments of:        
Proceeds from Sale and Maturity of Marketable Securities       0
Reinsurance Settlements [Member]        
Purchases of:        
Transfer to Investments     $ 36 $ 36