XML 70 R58.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
Sep. 30, 2018
Dec. 31, 2017
Assets:    
Available for sale, fixed maturity securities [2] $ 82,296 [1],[3] $ 84,313 [4]
Equity securities, available-for-sale   1,023
Equity securities [2],[5] 1,059  
Asset derivatives 430 331
Other investments 2 57
Cash and cash equivalents 3,429 3,491
Total assets 87,216 89,215
Liabilities:    
Liability derivatives 497 474
Total liabilities 497 474
Foreign currency swaps    
Assets:    
Asset derivatives 302 296
Liabilities:    
Liability derivatives 207 197
Foreign currency forwards    
Assets:    
Asset derivatives 128 22
Liabilities:    
Liability derivatives 277 274
Foreign currency options    
Assets:    
Asset derivatives   12
Liabilities:    
Liability derivatives 12 3
Interest rate swaps    
Liabilities:    
Liability derivatives 1  
Credit default swaps    
Assets:    
Asset derivatives   1
Government and agencies    
Assets:    
Available for sale, fixed maturity securities 32,170 31,230
Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,834 1,370
Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 333 444
Public utilities    
Assets:    
Available for sale, fixed maturity securities 7,313 7,954
Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,557 1,909
Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 8,939 8,933
Other corporate    
Assets:    
Available for sale, fixed maturity securities 30,150 32,473
Level 1    
Assets:    
Available for sale, fixed maturity securities 30,888 30,109
Equity securities, available-for-sale   1,001
Equity securities 972  
Asset derivatives 0 0
Other investments 2 57
Cash and cash equivalents 3,429 3,491
Total assets 35,291 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 | Interest rate swaps    
Liabilities:    
Liability derivatives 0  
Level 1 | Credit default swaps    
Assets:    
Asset derivatives   0
Level 1 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 30,888 30,109
Level 1 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 2    
Assets:    
Available for sale, fixed maturity securities 50,918 53,790
Equity securities, available-for-sale   6
Equity securities 71  
Asset derivatives 240 180
Other investments 0 0
Cash and cash equivalents 0 0
Total assets 51,229 53,976
Liabilities:    
Total liabilities 396 346
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 112 146
Liabilities:    
Liability derivatives 106 69
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 128 22
Liabilities:    
Liability derivatives 277 274
Level 2 | Foreign currency options    
Assets:    
Asset derivatives   12
Liabilities:    
Liability derivatives 12 3
Level 2 | Interest rate swaps    
Liabilities:    
Liability derivatives 1  
Level 2 | Credit default swaps    
Assets:    
Asset derivatives   0
Level 2 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 1,282 1,121
Level 2 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,834 1,370
Level 2 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 161 269
Level 2 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 7,209 7,886
Level 2 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,557 1,909
Level 2 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 8,916 8,908
Level 2 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 29,959 32,327
Level 3    
Assets:    
Available for sale, fixed maturity securities 490 414
Equity securities, available-for-sale   16
Equity securities 16  
Asset derivatives 190 151
Other investments 0 0
Cash and cash equivalents 0 0
Total assets 696 581
Liabilities:    
Total liabilities 101 128
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 190 150
Liabilities:    
Liability derivatives 101 128
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 | Interest rate swaps    
Liabilities:    
Liability derivatives 0  
Level 3 | Credit default swaps    
Assets:    
Asset derivatives   1
Level 3 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 172 175
Level 3 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 104 68
Level 3 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 23 25
Level 3 | Other corporate    
Assets:    
Available for sale, fixed maturity securities $ 191 $ 146
[1] Includes perpetual securities ($1,408 at amortized cost and $1,591 at fair value)
[2] Includes perpetual securities
[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 ($66 at fair value)