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FAIR VALUE MEASUREMENTS - Changes in Investments and Derivatives Carried at Fair Value Classified as Level 3 (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 1,095 $ 695 $ 1,021 $ 810
Net investment gains (losses) included in earnings (56) 23 (135) (184)
Unrealized gains (losses) included in other comprehensive income (loss) (14) 44 (42) 17
Purchases 109 39 283 155
Issuances 0 0 17 0
Sales (8) (5) (31) (6)
Settlements (8) (2) (35) (7)
Transfers into Level 3 0 0 55 24
Transfers out of Level 3 (44) 0 (59) (15)
Balance, end of period 1,074 794 1,074 794
Change in unrealized gains (losses) still held (72) 23 (178) (184)
Foreign currency swaps        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period (200) (168) (98) 43
Net investment gains (losses) included in earnings (57) 23 (158) (184)
Unrealized gains or losses included in other comprehensive income (loss) 0 2 (1) (2)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period (257) (143) (257) (143)
Changes in unrealized gain (losses) still held (57) 23 (158) (184)
Fixed maturity securities | Mortgage- and asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 258 188 224 178
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (4) 3 (19) 5
Purchases 35 0 99 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 (1)
Transfers into Level 3 0 0 0 9
Transfers out of Level 3 (39) 0 (54) 0
Balance, end of period 250 191 250 191
Change in unrealized gains (losses) still held (4) 0 (19) 0
Fixed maturity securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 480 322 422 224
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (3) 15 (13) 6
Purchases 54 33 132 129
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (8) (2) (18) (6)
Transfers into Level 3 0 0 0 15
Transfers out of Level 3 0 0 0 0
Balance, end of period 523 368 523 368
Change in unrealized gains (losses) still held (3) 0 (13) 0
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 45   48  
Net investment gains (losses) included in earnings 0   0  
Unrealized gains (losses) included in other comprehensive income (loss) 0   (3)  
Purchases 0   0  
Issuances 0   0  
Sales 0   (23)  
Settlements 0   0  
Transfers into Level 3 0   23  
Transfers out of Level 3 0   0  
Balance, end of period 45   45  
Change in unrealized gains (losses) still held 0   (3)  
Fixed maturity securities | Banks/financial institutions        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 38 24 24 23
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 (1) 0
Purchases 8 0 23 1
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 46 24 46 24
Change in unrealized gains (losses) still held 0 0 (1) 0
Fixed maturity securities | Other corporate        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 316 243 299 262
Net investment gains (losses) included in earnings 2 0 2 0
Unrealized gains (losses) included in other comprehensive income (loss) (7) 24 (5) 8
Purchases 0 1 0 13
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 (17) 0
Transfers into Level 3 0 0 32 0
Transfers out of Level 3 (5) 0 (5) (15)
Balance, end of period 306 268 306 268
Change in unrealized gains (losses) still held (7) 0 (5) 0
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 158 86 102 80
Net investment gains (losses) included in earnings (1) 0 21 0
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 12 5 29 12
Issuances 0 0 17 0
Sales (8) (5) (8) (6)
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 161 86 161 86
Change in unrealized gains (losses) still held $ (1) $ 0 $ 21 $ 0