XML 69 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
FAIR VALUE MEASUREMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Assets:    
Available for sale, fixed maturity securities [1] $ 85,881 [2],[3] $ 84,313 [4]
Equity securities [1],[5] 1,103  
Asset derivatives 457 331
Other Investments 1 57
Cash and cash equivalents 3,847 3,491
Total assets 91,289 89,215
Liabilities:    
Liability derivatives 367 474
Total liabilities 367 474
Foreign currency swaps    
Assets:    
Asset derivatives 321 296
Liabilities:    
Liability derivatives 227 197
Foreign currency forwards    
Assets:    
Asset derivatives 136 22
Liabilities:    
Liability derivatives 135 274
Foreign currency options    
Assets:    
Asset derivatives   12
Liabilities:    
Liability derivatives 5 3
Credit default swaps    
Assets:    
Asset derivatives   1
Fixed maturities    
Assets:    
Available for sale, fixed maturity securities [1] 85,881 84,313
Fixed maturities | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 35,116 31,230
Fixed maturities | Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,928 1,370
Fixed maturities | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 347 444
Fixed maturities | Public utilities    
Assets:    
Available for sale, fixed maturity securities 7,364 7,954
Fixed maturities | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,743 1,909
Fixed maturities | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 9,182 8,933
Fixed maturities | Other corporate    
Assets:    
Available for sale, fixed maturity securities 30,201 32,473
Equity securities    
Assets:    
Equity securities, available-for-sale   1,023
Level 1    
Assets:    
Available for sale, fixed maturity securities 33,591 30,109
Equity securities 1,011  
Asset derivatives 0 0
Other Investments 1 57
Cash and cash equivalents 3,847 3,491
Total assets 38,450 34,658
Liabilities:    
Total liabilities 0 0
Level 1 | Foreign currency swaps    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 1 | Foreign currency forwards    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 1 | Foreign currency options    
Assets:    
Asset derivatives   0
Liabilities:    
Liability derivatives 0 0
Level 1 | Credit default swaps    
Assets:    
Asset derivatives   0
Level 1 | Fixed maturities    
Assets:    
Available for sale, fixed maturity securities 33,591 30,109
Level 1 | Fixed maturities | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 33,591 30,109
Level 1 | Fixed maturities | Municipalities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Fixed maturities | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Fixed maturities | Public utilities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Fixed maturities | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Fixed maturities | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Fixed maturities | Other corporate    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Equity securities    
Assets:    
Equity securities, available-for-sale   1,001
Level 2    
Assets:    
Available for sale, fixed maturity securities 51,787 53,790
Equity securities 75  
Asset derivatives 255 180
Other Investments 0 0
Cash and cash equivalents 0 0
Total assets 52,117 53,976
Liabilities:    
Total liabilities 275 346
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 119 146
Liabilities:    
Liability derivatives 135 69
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 136 22
Liabilities:    
Liability derivatives 135 274
Level 2 | Foreign currency options    
Assets:    
Asset derivatives   12
Liabilities:    
Liability derivatives 5 3
Level 2 | Credit default swaps    
Assets:    
Asset derivatives   0
Level 2 | Fixed maturities    
Assets:    
Available for sale, fixed maturity securities 51,787 53,790
Level 2 | Fixed maturities | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 1,525 1,121
Level 2 | Fixed maturities | Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,928 1,370
Level 2 | Fixed maturities | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 169 269
Level 2 | Fixed maturities | Public utilities    
Assets:    
Available for sale, fixed maturity securities 7,258 7,886
Level 2 | Fixed maturities | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,743 1,909
Level 2 | Fixed maturities | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 9,159 8,908
Level 2 | Fixed maturities | Other corporate    
Assets:    
Available for sale, fixed maturity securities 30,005 32,327
Level 2 | Equity securities    
Assets:    
Equity securities, available-for-sale   6
Level 3    
Assets:    
Available for sale, fixed maturity securities 503 414
Equity securities 17  
Asset derivatives 202 151
Other Investments 0 0
Cash and cash equivalents 0 0
Total assets 722 581
Liabilities:    
Total liabilities 92 128
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 202 150
Liabilities:    
Liability derivatives 92 128
Level 3 | Foreign currency forwards    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 3 | Foreign currency options    
Assets:    
Asset derivatives   0
Liabilities:    
Liability derivatives 0 0
Level 3 | Credit default swaps    
Assets:    
Asset derivatives   1
Level 3 | Fixed maturities    
Assets:    
Available for sale, fixed maturity securities 503 414
Level 3 | Fixed maturities | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Fixed maturities | Municipalities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Fixed maturities | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 178 175
Level 3 | Fixed maturities | Public utilities    
Assets:    
Available for sale, fixed maturity securities 106 68
Level 3 | Fixed maturities | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Fixed maturities | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 23 25
Level 3 | Fixed maturities | Other corporate    
Assets:    
Available for sale, fixed maturity securities $ 196 146
Level 3 | Equity securities    
Assets:    
Equity securities, available-for-sale   $ 16
[1] Includes perpetual securities
[2] Includes perpetual securities ($1,446 at amortized cost and $1,612 at fair value)
[3] Includes perpetual securities, categorized in accordance with their respective economic maturities (the expected maturity date created by the combination of features in the financial instrument)
[4] Includes perpetual securities ($1,462 at amortized cost and $1,789 at fair value)
[5] Includes perpetual securities ($69 at fair value)