XML 15 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2021
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Available-for-sale securities $ 94,331 $ 82,544
AFS securities allowance for credit losses 109 104
Mortgage loans allowance for credit losses 229 253
Mortgage loans 18,209 15,938
Investment funds 7,483 6,087
Accrued investment income, related party 1,010 905
Reinsurance recoverable, fair value portion 4,627 4,848
Other assets, consolidated variable interest entities 1,713 1,249
Interest sensitive contract liabilities 150,337 144,566
Future policy benefits 33,293 29,258
Funds withheld liability, fair value portion 437 452
Other liabilities 2,413 2,040
Accumulated other comprehensive income (related party: 2021 – $60 and 2020 – $59) 3,337 3,971
Investments, excluding investments in Related Party    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Available-for-sale securities 87,340 76,100
AFS securities allowance for credit losses 107 103
Mortgage loans allowance for credit losses 221 232
Mortgage loans 17,390 15,264
Investment funds 496 161
Investment funds 1,159 803
Funds withheld at interest 45,428 48,612
Short-term Investments, fair value portion 101 222
Other Investments allowance for credit losses 0 3
Other investments 1,680 572
Variable Interest Entities    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Other assets, consolidated variable interest entities 25 1
Other liabilities 243 134
Variable Interest Entities | Investments, excluding investments in Related Party    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Mortgage loans 1,829 1,880
Investment funds $ 348 $ 0
Preference Share, Series A    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Preferred stock, par value (in USD per share) $ 1 $ 1
Aggregate liquidation preference $ 863 $ 863
Preferred stock, authorized (in shares) 0.0 0.0
preferred stock, issued (in shares) 0.0 0.0
Preferred stock, outstanding (in shares) 0.0 0.0
Preference Share, Series B    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Preferred stock, par value (in USD per share) $ 1 $ 1
Aggregate liquidation preference $ 345 $ 345
Preferred stock, authorized (in shares) 0.0 0.0
preferred stock, issued (in shares) 0.0 0.0
Preferred stock, outstanding (in shares) 0.0 0.0
Preference Share, Series C    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Preferred stock, par value (in USD per share) $ 1 $ 1
Aggregate liquidation preference $ 600 $ 600
Preferred stock, authorized (in shares) 0.0 0.0
preferred stock, issued (in shares) 0.0 0.0
Preferred stock, outstanding (in shares) 0.0 0.0
Common Class A    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Common stock, par value (in USD per share) $ 0.001 $ 0.001
Common stock authorized (in shares) 425.0 425.0
Common stock issued (in shares) 191.9 191.5
Common stock outstanding (in shares) 191.9 191.5
Series D Preferred Stock    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Preferred stock, par value (in USD per share) $ 1 $ 1
Aggregate liquidation preference $ 575 $ 575
Preferred stock, authorized (in shares) 0.0 0.0
preferred stock, issued (in shares) 0.0 0.0
Preferred stock, outstanding (in shares) 0.0 0.0
Fair Value    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Interest sensitive contract liabilities $ 103,416 $ 98,945
Funds withheld liability, fair value portion 388 393
Fair Value | Investments, excluding investments in Related Party    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Mortgage loans 17,883 15,811
Investment funds 663 642
Funds withheld at interest 44,055 46,668
Other investments 1,575 471
Recurring    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Investment funds   230
Recurring | Fair Value    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Reinsurance recoverable, fair value portion 1,946 2,100
Interest sensitive contract liabilities 14,823 14,181
Future policy benefits 2,294 2,376
Funds withheld liability, fair value portion 49 59
Recurring | Fair Value | Investments, excluding investments in Related Party    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Equity securities, at fair value 398 330
Mortgage loans 18 19
Investment funds 496 161
Funds withheld at interest 1,373 1,944
Short-term Investments, fair value portion 101 222
Other investments 105 105
Related Party    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Available-for-sale securities 6,991 6,444
AFS securities allowance for credit losses 2 1
Equity securities, at fair value 115 72
Mortgage loans allowance for credit losses 8 14
Mortgage loans 819 674
Investment funds 2,616 2,119
Investment funds 6,324 5,284
Funds withheld at interest 12,576 13,030
Other Investments allowance for credit losses 0 4
Other investments 147 469
Accrued investment income, related party 58 38
Interest sensitive contract liabilities 13,537 14,150
Future policy benefits 1,750 1,610
Other liabilities 105 112
Accumulated other comprehensive income (related party: 2021 – $60 and 2020 – $59) 60 59
Related Party | Variable Interest Entities    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Investment funds 68 0
Related Party | Fair Value    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Mortgage loans 831 694
Investment funds 3,708 3,165
Funds withheld at interest 11,824 12,168
Other investments 151 499
Related Party | Recurring | Fair Value    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]    
Equity securities, at fair value 115 72
Investment funds 2,616 2,119
Funds withheld at interest $ 752 $ 862