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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 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 1,460 $ 1,140 $ 1,471 $ 1,021
Net investment gains (losses) included in earnings (5) (107) 2 (79)
Unrealized gains (losses) included in other comprehensive income (loss) (142) 22 (214) (28)
Purchases 297 70 392 174
Issuances 0 17 0 17
Sales 0 (23) 0 (23)
Settlements (61) (24) (82) (27)
Transfers into Level 3 258 0 428 55
Transfers out of Level 3 (10) 0 (200) (15)
Balance, end of period 1,797 1,095 1,797 1,095
Change in unrealized gains (losses) still held (6) (120) (1) (101)
Foreign currency swaps        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period 0 (80) 0 (98)
Net investment gains (losses) included in earnings 0 (120) 0 (101)
Unrealized gains or losses included in other comprehensive income (loss) 0 0 0 (1)
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 0 (200) 0 (200)
Changes in unrealized gain (losses) still held 0 (120) 0 (101)
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 318 204 291 224
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (54) 0 (69) (15)
Purchases 90 54 166 64
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (36) 0 (38) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (7) 0 (39) (15)
Balance, end of period 311 258 311 258
Change in unrealized gains (losses) still held 0 0 0 0
Fixed maturity securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 585 479 493 422
Net investment gains (losses) included in earnings 1 0 1 0
Unrealized gains (losses) included in other comprehensive income (loss) (44) 8 (81) (10)
Purchases 19 0 28 78
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (24) (7) (32) (10)
Transfers into Level 3 0 0 128 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 537 480 537 480
Change in unrealized gains (losses) still held 0 0 1 0
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 41 68 43 48
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (5) 0 (7) (3)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 (23) 0 (23)
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 23
Transfers out of Level 3 0 0 0 0
Balance, end of period 36 45 36 45
Change in unrealized gains (losses) still held 0 0 0 0
Fixed maturity securities | Banks/financial institutions        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 60 28 45 24
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (2) 0 (2) (1)
Purchases 33 10 33 15
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 (3) 0
Transfers into Level 3 0 0 18 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 91 38 91 38
Change in unrealized gains (losses) still held 0 0 0 0
Fixed maturity securities | Other corporate        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 290 319 426 299
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (37) 14 (55) 2
Purchases 122 0 122 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (1) (17) (2) (17)
Transfers into Level 3 258 0 282 32
Transfers out of Level 3 0 0 (141) 0
Balance, end of period 632 316 632 316
Change in unrealized gains (losses) still held 0 0 0 0
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 166 122 173 102
Net investment gains (losses) included in earnings (6) 13 1 22
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 33 6 43 17
Issuances 0 17 0 17
Sales 0 0 0 0
Settlements 0 0 (7) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (3) 0 (20) 0
Balance, end of period 190 158 190 158
Change in unrealized gains (losses) still held $ (6) $ 0 $ (2) $ 0