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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, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 1,797 $ 1,095 $ 1,471 $ 1,021
Net investment gains (losses) included in earnings (1) (56) 1 (135)
Unrealized gains (losses) included in other comprehensive income (loss) (97) (14) (311) (42)
Purchases 306 109 698 283
Issuances 0 0 0 17
Sales 0 (8) 0 (31)
Settlements (232) (8) (314) (35)
Transfers into Level 3 68 0 496 55
Transfers out of Level 3 (24) (44) (224) (59)
Balance, end of period 1,817 1,074 1,817 1,074
Change in unrealized gains (losses) still held (1) (72) (3) (178)
Foreign currency swaps        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period 0 (200) 0 (98)
Net investment gains (losses) included in earnings 0 (57) 0 (158)
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 (257) 0 (257)
Changes in unrealized gain (losses) still held 0 (57) 0 (158)
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 311 258 291 224
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (12) (4) (81) (19)
Purchases 56 35 222 99
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (21) 0 (59) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (24) (39) (63) (54)
Balance, end of period 310 250 310 250
Change in unrealized gains (losses) still held 0 (4) 0 (19)
Fixed maturity securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 537 480 493 422
Net investment gains (losses) included in earnings 1 0 2 0
Unrealized gains (losses) included in other comprehensive income (loss) (30) (3) (111) (13)
Purchases 7 54 35 132
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (8) (8) (40) (18)
Transfers into Level 3 0 0 128 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 507 523 507 523
Change in unrealized gains (losses) still held 1 (3) 1 (13)
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 36 45 43 48
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (2) 0 (9) (3)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 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 34 45 34 45
Change in unrealized gains (losses) still held 0 0 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 91 38 45 24
Net investment gains (losses) included in earnings 1 0 1 0
Unrealized gains (losses) included in other comprehensive income (loss) (12) 0 (14) (1)
Purchases 88 8 121 23
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (20) 0 (23) 0
Transfers into Level 3 0 0 18 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 148 46 148 46
Change in unrealized gains (losses) still held 0 0 0 (1)
Fixed maturity securities | Other corporate        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 632 316 426 299
Net investment gains (losses) included in earnings 0 2 0 2
Unrealized gains (losses) included in other comprehensive income (loss) (41) (7) (96) (5)
Purchases 145 0 267 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (183) 0 (185) (17)
Transfers into Level 3 68 0 350 32
Transfers out of Level 3 0 (5) (141) (5)
Balance, end of period 621 306 621 306
Change in unrealized gains (losses) still held 0 (7) 0 (5)
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 190 158 173 102
Net investment gains (losses) included in earnings (3) (1) (2) 21
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 10 12 53 29
Issuances 0 0 0 17
Sales 0 (8) 0 (8)
Settlements 0 0 (7) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 (20) 0
Balance, end of period 197 161 197 161
Change in unrealized gains (losses) still held $ (2) $ (1) $ (4) $ 21