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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Reinsurance recoverable $ 4,229 $ 4,358
Other assets 7,916 8,693
AFS securities allowance for credit losses 503 459
Investment funds 14,552 14,128
Cash and cash equivalents 13,844 7,779
Accrued investment income, related party 1,458 1,328
Available-for-sale securities 135,597 131,422
Liabilities and Equity    
Interest sensitive contract liabilities 181,100 173,616
Future policy benefits 42,490 42,110
Other liabilities 1,600 1,860
Accumulated other comprehensive loss (related party: 2023 – $(115) and 2022 – $(167)) (6,148) (7,321)
Related Party    
Assets    
Other assets 200 161
AFS securities allowance for credit losses 1 1
Equity securities, at fair value 251 279
Mortgage loans, net of allowances 1,324 1,302
Investment funds 1,034 959
Investment funds 1,595 1,569
Short-term Investments, fair value portion 1,043 0
Other investments 338 303
Accrued investment income, related party 128 105
Available-for-sale securities 12,396 10,440
Trading securities, at fair value 885 878
Liabilities and Equity    
Interest sensitive contract liabilities 11,347 11,889
Future policy benefits 1,359 1,353
Other liabilities 612 564
Accumulated other comprehensive loss (related party: 2023 – $(115) and 2022 – $(167)) (115) (167)
Consolidated Entity, excluding Affiliated Entity    
Assets    
AFS securities allowance for credit losses 502 458
Mortgage loans, net of allowances 29,949 27,454
Investment funds 77 79
Short-term Investments, fair value portion 627 2,160
Other investments 701 773
Available-for-sale securities 123,201 120,982
Trading securities, at fair value 1,652 1,595
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary    
Assets    
Mortgage loans, net of allowances 348 342
Investment funds 10,512 10,068
Cash and cash equivalents 45 0
Other investments 73 73
Trading securities, at fair value 39 0
Liabilities and Equity    
Other liabilities 302 292
Fair Value    
Assets    
Short-term Investments, fair value portion   1,640
Liabilities and Equity    
Interest sensitive contract liabilities 120,063 111,608
Fair Value | Related Party    
Assets    
Investment funds 561 610
Short-term Investments, fair value portion 1,043  
Fair Value | Consolidated Entity, excluding Affiliated Entity    
Assets    
Investment funds 77 79
Short-term Investments, fair value portion 45  
Other investments 200 162
Recurring | Fair Value    
Assets    
Reinsurance recoverable 1,470 1,388
Other assets 440  
Liabilities and Equity    
Interest sensitive contract liabilities 7,626 6,670
Future policy benefits 1,769 1,712
Other liabilities   65
Recurring | Fair Value | Investments, excluding investments in Related Party    
Assets    
Equity securities, at fair value 968 1,087
Short-term Investments, fair value portion 582 520
Recurring | Fair Value | Related Party    
Assets    
Reinsurance recoverable   1,388
Equity securities, at fair value 251 279
Mortgage loans, net of allowances 1,324 1,302
Investment funds 1,034 959
Embedded derivative assets, fair value (1,266) (1,425)
Other investments 338 303
Trading securities, at fair value 885 878
Recurring | Fair Value | Consolidated Entity, excluding Affiliated Entity    
Assets    
Equity securities, at fair value 968 1,087
Mortgage loans, net of allowances 29,949 27,454
Embedded derivative assets, fair value (4,291) (4,847)
Short-term Investments, fair value portion 582 520
Other investments 501 611
Trading securities, at fair value $ 1,652 $ 1,595