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Fair Value of Financial Instruments - Changes to Fair Value of Financial Instruments Level 3 (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Liabilities:        
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Recognized gains and (losses), net Recognized gains and (losses), net Recognized gains and (losses), net Recognized gains and (losses), net
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Recognized gains and (losses), net Recognized gains and (losses), net Recognized gains and (losses), net Recognized gains and (losses), net
Level 3        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period $ 8,205 $ 5,499 $ 8,262 $ 5,617
Balance at End of Period 8,734 6,286 8,734 6,286
Liabilities:        
Balance at Beginning of Period 3,893 3,881 3,397 4,352
Balance at End of Period 4,134 3,233 4,134 3,233
FIA/ IUL embedded derivatives        
Liabilities:        
Balance at Beginning of Period 3,569 3,395 3,115 3,883
Liabilities, Total Gains (Losses) Included in Earnings 197 (575) 582 (1,159)
Liabilities, Total Gains (Losses) Included in AOCI 0 0 0 0
Liabilities, Purchases 93 146 189 272
Liabilities, Sales 0 0 0 0
Liabilities, Settlements (38) (25) (65) (55)
Liabilities, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 3,821 2,941 3,821 2,941
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0
Asset-backed securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 6,300 4,161 6,263 3,959
Assets, Total Gains (Losses) Included in Earnings (3) 1 (11) 1
Assets, Total Gains (Losses) Included in AOCI 15 (142) 33 (272)
Assets, Purchases 379 827 795 1,227
Assets, Sales (15) (39) (98) (39)
Assets, Settlements (151) (126) (386) (278)
Assets, Net transfer In (Out) of Level 3 (15) (5) (86) 79
Balance at End of Period 6,510 4,677 6,510 4,677
Change in Unrealized Gains (Losses) Incl in OCI 14 (153) 32 (291)
Commercial mortgage-backed securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 29 40 37 35
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 (3) 1 (5)
Assets, Purchases 0 0 12 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 (12) 0 (33) 7
Balance at End of Period 17 37 17 37
Change in Unrealized Gains (Losses) Incl in OCI 0 (2) 1 (4)
Corporates        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 1,532 1,126 1,427 1,121
Assets, Total Gains (Losses) Included in Earnings 0 0 (1) 0
Assets, Total Gains (Losses) Included in AOCI (33) (64) (56) (137)
Assets, Purchases 125 304 259 382
Assets, Sales 0 0 0 0
Assets, Settlements (14) (6) (19) (32)
Assets, Net transfer In (Out) of Level 3 8 (4) 8 22
Balance at End of Period 1,618 1,356 1,618 1,356
Change in Unrealized Gains (Losses) Incl in OCI (33) (61) (56) (134)
Hybrids        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period     0  
Assets, Total Gains (Losses) Included in Earnings     0  
Assets, Total Gains (Losses) Included in AOCI     0  
Assets, Purchases     0  
Assets, Sales     0  
Assets, Settlements     0  
Assets, Net transfer In (Out) of Level 3     0  
Balance at End of Period 0   0  
Change in Unrealized Gains (Losses) Incl in OCI     0  
Municipals        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 32 37 29 43
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 17 (4) 20 (10)
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 49 33 49 33
Change in Unrealized Gains (Losses) Incl in OCI 17 (4) 20 (9)
Residential mortgage-backed securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 12   302 0
Assets, Total Gains (Losses) Included in Earnings 0 0 1 0
Assets, Total Gains (Losses) Included in AOCI 0 0 8 0
Assets, Purchases 24 9 32 9
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 (8) 0
Assets, Net transfer In (Out) of Level 3 (8) 0 (307) 0
Balance at End of Period 28 9 28 9
Change in Unrealized Gains (Losses) Incl in OCI 0 0 8 0
Foreign governments        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 16 17 16 18
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 (1) 0 (2)
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 16 16 16 16
Change in Unrealized Gains (Losses) Incl in OCI 0 (1) 0 (1)
Short-term        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 23 19 0 321
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 (1)
Assets, Purchases 103 0 126 20
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 (19) 0 (340)
Balance at End of Period 126 0 126 0
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 (1)
Preferred securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period     0 1
Assets, Total Gains (Losses) Included in Earnings 0   0 0
Assets, Total Gains (Losses) Included in AOCI 0   0 (1)
Assets, Purchases 0   0 0
Assets, Sales 0   0 0
Assets, Settlements 0   0 0
Assets, Net transfer In (Out) of Level 3 6   6 0
Balance at End of Period 6 0 6 0
Change in Unrealized Gains (Losses) Incl in OCI 0   0 (1)
Available-for-sale embedded derivative        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 25 30 23 34
Assets, Total Gains (Losses) Included in Earnings 0 (6) 0 (10)
Assets, Total Gains (Losses) Included in AOCI 1 0 3 0
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 26 24 26 24
Change in Unrealized Gains (Losses) Incl in OCI 1 0 3 0
Investment in affiliate        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 107 21 23 21
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 90 0 174 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 197 21 197 21
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0
Credit linked note        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 13 19 15 23
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 (3)
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 (2) (2) (3)
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 13 17 13 17
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0
Secured borrowing receivable        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 10 0 10 0
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 10 0 10
Balance at End of Period 10 10 10 10
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0
Subtotal assets at Level 3 fair value        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period     8,145 5,576
Assets, Total Gains (Losses) Included in Earnings (3) (5) (11) (9)
Assets, Total Gains (Losses) Included in AOCI 0 (214) 9 (431)
Assets, Purchases 721 1,140 1,398 1,638
Assets, Sales (15) (39) (98) (39)
Assets, Settlements (165) (134) (415) (313)
Assets, Net transfer In (Out) of Level 3 (21) (18) (412) (222)
Balance at End of Period 8,616 6,200 8,616 6,200
Change in Unrealized Gains (Losses) Incl in OCI (1) (221) 8 (441)
Subtotal assets at Level 3 fair value | Level 3        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 8,099 5,470    
Balance at End of Period 8,616 6,200 8,616 6,200
Market risk benefits asset | Level 3        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 106 29 117 41
Balance at End of Period 118 86 118 86
Subtotal liabilities at Level 3 fair value        
Liabilities:        
Balance at Beginning of Period       3,883
Liabilities, Total Gains (Losses) Included in Earnings 197 (575) 582 (1,159)
Liabilities, Total Gains (Losses) Included in AOCI 0 0 0 0
Liabilities, Purchases 93 146 189 272
Liabilities, Sales 0 0 0 0
Liabilities, Settlements (38) (25) (65) (55)
Liabilities, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period   2,941   2,941
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0
Subtotal liabilities at Level 3 fair value | Level 3        
Liabilities:        
Balance at Beginning of Period 3,569 3,395 3,115  
Balance at End of Period 3,821 2,941 3,821 2,941
Market risk benefits liability | Level 3        
Liabilities:        
Balance at Beginning of Period 324   282 486
Balance at End of Period $ 313 $ 292 $ 313 $ 292