XML 74 R62.htm IDEA: XBRL DOCUMENT v3.20.2
FAIR VALUE MEASUREMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Available for sale, fixed maturity securities $ 99,959 $ 91,262
Equity securities 749 802
Other investments 763 628
Cash and cash equivalents 5,528 4,896
Asset derivatives 474 482
Total assets 107,473 98,070
Liabilities:    
Liability derivatives 680 586
Total liabilities 680 586
Foreign currency swaps    
Assets:    
Asset derivatives 160 241
Liabilities:    
Liability derivatives 284 204
Foreign currency forwards    
Assets:    
Asset derivatives 299 238
Liabilities:    
Liability derivatives 393 377
Foreign currency options    
Assets:    
Asset derivatives 1  
Liabilities:    
Liability derivatives 2 5
Interest rate swaps    
Assets:    
Asset derivatives 14 3
Forward bond purchase commitment    
Liabilities:    
Liability derivatives 1  
Government and agencies    
Assets:    
Available for sale, fixed maturity securities 36,487 36,400
Municipalities    
Assets:    
Available for sale, fixed maturity securities 2,492 1,847
Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 546 410
Public utilities    
Assets:    
Available for sale, fixed maturity securities 9,942 6,780
Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,377 1,042
Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 11,214 10,287
Other corporate    
Assets:    
Available for sale, fixed maturity securities 37,901 34,496
Level 1    
Assets:    
Available for sale, fixed maturity securities 34,980 34,878
Equity securities 587 642
Other investments 763 628
Cash and cash equivalents 5,528 4,896
Asset derivatives 0 0
Total assets 41,858 41,044
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 | Forward bond purchase commitment    
Liabilities:    
Liability derivatives 0  
Level 1 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 34,980 34,878
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 64,202 55,697
Equity securities 76 80
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 387 313
Total assets 64,665 56,090
Liabilities:    
Total liabilities 425 460
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 73 72
Liabilities:    
Liability derivatives 29 78
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 299 238
Liabilities:    
Liability derivatives 393 377
Level 2 | Foreign currency options    
Assets:    
Asset derivatives 1  
Liabilities:    
Liability derivatives 2 5
Level 2 | Interest rate swaps    
Assets:    
Asset derivatives 14 3
Level 2 | Forward bond purchase commitment    
Liabilities:    
Liability derivatives 1  
Level 2 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 1,507 1,522
Level 2 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 2,492 1,847
Level 2 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 358 232
Level 2 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 9,620 6,556
Level 2 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,377 1,042
Level 2 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 11,190 10,264
Level 2 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 37,658 34,234
Level 3    
Assets:    
Available for sale, fixed maturity securities 777 687
Equity securities 86 80
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 87 169
Total assets 950 936
Liabilities:    
Total liabilities 255 126
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 87 169
Liabilities:    
Liability derivatives 255 126
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 | Forward bond purchase commitment    
Liabilities:    
Liability derivatives 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 188 178
Level 3 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 322 224
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 $ 243 $ 262