XML 70 R58.htm IDEA: XBRL DOCUMENT v3.19.2
FAIR VALUE MEASUREMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Assets:    
Available for sale, fixed maturity securities $ 92,435 $ 82,895
Equity securities 1,087 987
Other investments 677 152
Cash and cash equivalents 3,019 4,337
Asset derivatives 526 417
Total assets 97,744 88,788
Liabilities:    
Liability derivatives 347 387
Total liabilities 347 387
Foreign currency swaps    
Assets:    
Asset derivatives 289 285
Liabilities:    
Liability derivatives 214 234
Foreign currency forwards    
Assets:    
Asset derivatives 222 126
Liabilities:    
Liability derivatives 128 151
Foreign currency options    
Assets:    
Asset derivatives   3
Liabilities:    
Liability derivatives 2 1
Interest rate swaps    
Assets:    
Asset derivatives 15 3
Interest rate swaptions    
Liabilities:    
Liability derivatives 3 1
Government and agencies    
Assets:    
Available for sale, fixed maturity securities 38,160 34,342
Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,975 1,863
Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 416 339
Public utilities    
Assets:    
Available for sale, fixed maturity securities 6,805 7,171
Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,152 1,260
Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 10,152 8,918
Other corporate    
Assets:    
Available for sale, fixed maturity securities 33,775 29,002
Level 1    
Assets:    
Available for sale, fixed maturity securities 36,573 32,993
Equity securities 949 874
Other investments 677 152
Cash and cash equivalents 3,019 4,337
Asset derivatives 0 0
Total assets 41,218 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 36,573 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 55,252 49,380
Equity securities 73 67
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 325 235
Total assets 55,650 49,682
Liabilities:    
Total liabilities 240 285
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 88 103
Liabilities:    
Liability derivatives 107 132
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 222 126
Liabilities:    
Liability derivatives 128 151
Level 2 | Foreign currency options    
Assets:    
Asset derivatives   3
Liabilities:    
Liability derivatives 2 1
Level 2 | Interest rate swaps    
Assets:    
Asset derivatives 15 3
Level 2 | Interest rate swaptions    
Liabilities:    
Liability derivatives 3 1
Level 2 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 1,587 1,349
Level 2 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 1,975 1,863
Level 2 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 233 162
Level 2 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 6,601 7,062
Level 2 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,152 1,260
Level 2 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 10,128 8,895
Level 2 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 33,576 28,789
Level 3    
Assets:    
Available for sale, fixed maturity securities 610 522
Equity securities 65 46
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 201 182
Total assets 876 750
Liabilities:    
Total liabilities 107 102
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 201 182
Liabilities:    
Liability derivatives 107 102
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 183 177
Level 3 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 204 109
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 24 23
Level 3 | Other corporate    
Assets:    
Available for sale, fixed maturity securities $ 199 $ 213