XML 72 R59.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE MEASUREMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets:    
Available for sale, fixed maturity securities $ 87,924 $ 82,895
Equity securities 1,041 987
Other investments 543 152
Cash and cash equivalents 3,892 4,337
Asset derivatives 401 417
Total assets 93,801 88,788
Liabilities:    
Liability derivatives 365 387
Total liabilities 365 387
Foreign currency swaps    
Assets:    
Asset derivatives 274 285
Liabilities:    
Liability derivatives 206 234
Foreign currency forwards    
Assets:    
Asset derivatives 119 126
Liabilities:    
Liability derivatives 156 151
Foreign currency options    
Assets:    
Asset derivatives   3
Liabilities:    
Liability derivatives 2 1
Interest rate swaps    
Assets:    
Asset derivatives 8 3
Interest rate swaptions    
Liabilities:    
Liability derivatives 1 1
Government and agencies    
Assets:    
Available for sale, fixed maturity securities 36,249 34,342
Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,908 1,863
Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 414 339
Public utilities    
Assets:    
Available for sale, fixed maturity securities 6,497 7,171
Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,154 1,260
Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 9,391 8,918
Other corporate    
Assets:    
Available for sale, fixed maturity securities 32,311 29,002
Level 1    
Assets:    
Available for sale, fixed maturity securities 34,727 32,993
Equity securities 925 874
Other investments 543 152
Cash and cash equivalents 3,892 4,337
Asset derivatives 0 0
Total assets 40,087 38,356
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    
Assets:    
Asset derivatives 0 0
Level 1 | Interest rate swaptions    
Liabilities:    
Liability derivatives 0 0
Level 1 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 34,727 32,993
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 52,627 49,380
Equity securities 70 67
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 223 235
Total assets 52,920 49,682
Liabilities:    
Total liabilities 257 285
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 96 103
Liabilities:    
Liability derivatives 98 132
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 119 126
Liabilities:    
Liability derivatives 156 151
Level 2 | Foreign currency options    
Assets:    
Asset derivatives   3
Liabilities:    
Liability derivatives 2 1
Level 2 | Interest rate swaps    
Assets:    
Asset derivatives 8 3
Level 2 | Interest rate swaptions    
Liabilities:    
Liability derivatives 1 1
Level 2 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 1,522 1,349
Level 2 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,908 1,863
Level 2 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 236 162
Level 2 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 6,412 7,062
Level 2 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,154 1,260
Level 2 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 9,368 8,895
Level 2 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 32,027 28,789
Level 3    
Assets:    
Available for sale, fixed maturity securities 570 522
Equity securities 46 46
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 178 182
Total assets 794 750
Liabilities:    
Total liabilities 108 102
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 178 182
Liabilities:    
Liability derivatives 108 102
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    
Assets:    
Asset derivatives 0 0
Level 3 | Interest rate swaptions    
Liabilities:    
Liability derivatives 0 0
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 178 177
Level 3 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 85 109
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 23
Level 3 | Other corporate    
Assets:    
Available for sale, fixed maturity securities $ 284 $ 213