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FAIR VALUE OF FINANCIAL INSTRUMENTS - Valuation of Level 3 Financial Instruments (Details)
Dec. 31, 2021
USD ($)
policy
Dec. 31, 2020
USD ($)
policy
Assets and liabilities measured at fair value on a recurring basis    
Derivative liability $ 2,779,000,000 $ 3,119,000,000
Level 3    
Assets and liabilities measured at fair value on a recurring basis    
Financial instruments that are valued using broker quotes 197,000,000 116,000,000
Financial instruments with book value approximating fair value 148,000,000 90,000,000
Level 3 | Residential mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Fair value, assets 40,000,000  
Level 3 | Commercial mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Fair value, assets 180,000,000 32,000,000
Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Fair value, assets 436,000,000 435,000,000
Financial instruments that are valued using broker quotes 172,000,000 88,000,000
Level 3 | Corporate securities    
Assets and liabilities measured at fair value on a recurring basis    
Fair value, assets 1,588,000,000 1,432,000,000
Financial instruments that are valued using broker quotes 3,000,000 17,000,000
Level 3 | Embedded derivative - GLWB    
Assets and liabilities measured at fair value on a recurring basis    
Derivative liability 475,000,000 822,000,000
Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Derivative liability 595,000,000 573,000,000
Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Derivative liability 269,000,000 201,000,000
Level 3 | Other government-related securities    
Assets and liabilities measured at fair value on a recurring basis    
Financial instruments that are valued using broker quotes 16,000,000  
Level 3 | Equity securities    
Assets and liabilities measured at fair value on a recurring basis    
Financial instruments that are valued using broker quotes $ 6,000,000 $ 11,000,000
Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input | policy 214 207
Spread over treasury | Minimum | Discounted cash flow | Level 3 | Residential mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 1.03  
Spread over treasury | Minimum | Discounted cash flow | Level 3 | Commercial mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 1.04 2.78
Spread over treasury | Minimum | Discounted cash flow | Level 3 | Corporate securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 0.00 0.00
Spread over treasury | Maximum | Discounted cash flow | Level 3 | Residential mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 1.10  
Spread over treasury | Maximum | Discounted cash flow | Level 3 | Commercial mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 2.47 2.92
Spread over treasury | Maximum | Discounted cash flow | Level 3 | Corporate securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 4.00 4.75
Spread over treasury | Weighted Average | Discounted cash flow | Level 3 | Residential mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 1.07  
Spread over treasury | Weighted Average | Discounted cash flow | Level 3 | Commercial mortgage-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 1.30 2.87
Spread over treasury | Weighted Average | Discounted cash flow | Level 3 | Corporate securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 1.50 1.89
Liquidation value | Minimum | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input, value $ 60.00  
Liquidation value | Minimum | Liquidation | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input, value $ 98.63 $ 95.00
Liquidation value | Maximum | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 113.88  
Liquidation value | Maximum | Liquidation | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input, value $ 99.75 97.00
Liquidation value | Weighted Average | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 112.92  
Liquidation value | Weighted Average | Liquidation | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input, value $ 99.07 $ 96.19
Liquidity premium | Minimum | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 0.11 0.54
Liquidity premium | Maximum | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 2.14 2.30
Liquidity premium | Weighted Average | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 1.54 1.63
Paydown Rate | Minimum | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 11.20 8.79
Paydown Rate | Maximum | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 13.41 12.49
Paydown Rate | Weighted Average | Discounted cash flow | Level 3 | Other asset-backed securities    
Assets and liabilities measured at fair value on a recurring basis    
Debt securities, measurement input 12.30 11.39
Mortality | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - GLWB    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 88 88
Mortality | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 88 88
Mortality | Minimum | Actuarial cash flow model, vbt primary tables | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 43 36
Mortality | Minimum | Actuarial cash flow model, vbt primary tables, duration scale | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 94 94
Mortality | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - GLWB    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 100 100
Mortality | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 100 100
Mortality | Maximum | Actuarial cash flow model, vbt primary tables | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 110 161
Mortality | Maximum | Actuarial cash flow model, vbt primary tables, duration scale | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 248 248
Nonperformance risk | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - GLWB    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 0.19 0.19
Nonperformance risk | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input   0.19
Nonperformance risk | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 0.19 0.19
Nonperformance risk | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - GLWB    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 0.82 0.81
Nonperformance risk | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input   0.81
Nonperformance risk | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 0.82 0.81
Withdrawal rate prior to age 70 | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 0.4 0.4
Withdrawal rate prior to age 70 | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 2.4 2.4
Lapse | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 0.2 0.2
Lapse | Minimum | Actuarial cash flow model | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 0.375 0.375
Lapse | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - FIA    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 50.0 50.0
Lapse | Maximum | Actuarial cash flow model | Level 3 | Embedded derivative - IUL    
Assets and liabilities measured at fair value on a recurring basis    
Embedded derivative liability, measurement input 7.5 10