XML 71 R61.htm IDEA: XBRL DOCUMENT v3.22.1
FAIR VALUE MEASUREMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Available for sale, fixed maturity securities $ 89,965 $ 98,696
Equity securities 1,415 1,603
Other investments 1,747 1,726
Cash and cash equivalents 4,275 5,051
Asset derivatives 1,126 936
Total assets 98,528 108,012
Liabilities:    
Liability derivatives 1,460 1,619
Total liabilities 1,460 1,619
Foreign currency swaps    
Assets:    
Asset derivatives 141 137
Liabilities:    
Liability derivatives 432 427
Foreign currency forwards    
Assets:    
Asset derivatives 977 791
Liabilities:    
Liability derivatives 812 1,138
Foreign currency options    
Assets:    
Asset derivatives 8 8
Interest rate swaps    
Liabilities:    
Liability derivatives 216 54
Government and agencies    
Assets:    
Available for sale, fixed maturity securities 30,712 33,820
Municipalities    
Assets:    
Available for sale, fixed maturity securities 2,776 3,036
Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 1,366 1,246
Public utilities    
Assets:    
Available for sale, fixed maturity securities 9,189 10,051
Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,035 1,115
Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 10,686 11,591
Other corporate    
Assets:    
Available for sale, fixed maturity securities 34,201 37,837
Level 1    
Assets:    
Available for sale, fixed maturity securities 29,547 32,532
Equity securities 1,166 1,340
Other investments 1,747 1,726
Cash and cash equivalents 4,275 5,051
Asset derivatives 0 0
Total assets 36,735 40,649
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 0
Level 1 | Interest rate swaps    
Liabilities:    
Liability derivatives 0 0
Level 1 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 29,547 32,532
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 59,124 64,866
Equity securities 83 90
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 1,126 936
Total assets 60,333 65,892
Liabilities:    
Total liabilities 1,460 1,619
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 141 137
Liabilities:    
Liability derivatives 432 427
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 977 791
Liabilities:    
Liability derivatives 812 1,138
Level 2 | Foreign currency options    
Assets:    
Asset derivatives 8 8
Level 2 | Interest rate swaps    
Liabilities:    
Liability derivatives 216 54
Level 2 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 1,165 1,288
Level 2 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 2,776 3,036
Level 2 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 1,048 955
Level 2 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 8,604 9,558
Level 2 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 994 1,072
Level 2 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 10,626 11,546
Level 2 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 33,911 37,411
Level 3    
Assets:    
Available for sale, fixed maturity securities 1,294 1,298
Equity securities 166 173
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 0 0
Total assets 1,460 1,471
Liabilities:    
Total liabilities 0 0
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 3 | Foreign currency forwards    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 3 | Foreign currency options    
Assets:    
Asset derivatives 0 0
Level 3 | Interest rate swaps    
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 318 291
Level 3 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 585 493
Level 3 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 41 43
Level 3 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 60 45
Level 3 | Other corporate    
Assets:    
Available for sale, fixed maturity securities $ 290 $ 426