XML 88 R66.htm IDEA: XBRL DOCUMENT v3.22.4
INVESTMENTS - Commercial Mortgage and Other Loans by Portfolio Segment (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
[1]
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 13,688 $ 11,960    
Percent of total commercial mortgage and other loans 100.00% 100.00%    
Allowance for credit losses $ (192) $ (174)    
Total net commercial mortgage and other loans 13,496 11,786    
Transitional real estate loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 6,509 $ 5,359    
Percent of total commercial mortgage and other loans 47.60% 44.70%    
Allowance for credit losses $ (54) $ (68) $ (63) $ (22)
Commercial mortgage loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 2,022 $ 1,904    
Percent of total commercial mortgage and other loans 14.80% 15.90%    
Allowance for credit losses $ (9) $ (10) (32) (3)
Middle market loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 5,157 $ 4,697    
Percent of total commercial mortgage and other loans 37.60% 39.40%    
Allowance for credit losses $ (129) $ (96) $ (85) $ (20)
Office | Transitional real estate loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 2,158 $ 2,001    
Percent of total commercial mortgage and other loans 15.80% 16.70%    
Office | Commercial mortgage loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 388 $ 398    
Percent of total commercial mortgage and other loans 2.80% 3.30%    
Retail | Transitional real estate loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 493 $ 267    
Percent of total commercial mortgage and other loans 3.60% 2.20%    
Retail | Commercial mortgage loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 310 $ 332    
Percent of total commercial mortgage and other loans 2.30% 2.80%    
Apartments/Multi-Family | Transitional real estate loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 2,701 $ 1,893    
Percent of total commercial mortgage and other loans 19.70% 15.80%    
Apartments/Multi-Family | Commercial mortgage loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 630 $ 649    
Percent of total commercial mortgage and other loans 4.60% 5.40%    
Industrial | Transitional real estate loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 123 $ 94    
Percent of total commercial mortgage and other loans 0.90% 0.80%    
Industrial | Commercial mortgage loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 694 $ 525    
Percent of total commercial mortgage and other loans 5.10% 4.40%    
Hospitality | Transitional real estate loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 803 $ 876    
Percent of total commercial mortgage and other loans 5.90% 7.30%    
Other | Transitional real estate loans        
Participating Mortgage Loans [Line Items]        
Commercial mortgage and other loans, gross $ 231 $ 228    
Percent of total commercial mortgage and other loans 1.70% 1.90%    
[1] U.S. GAAP guidance adopted as of January 1, 2020 has superseded these losses, included for comparative purposes only.