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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 1,940 $ 1,460 $ 1,987 $ 1,471
Net investment gains (losses) included in earnings (8) (5) (6) 2
Unrealized gains (losses) included in other comprehensive income (loss) (52) (142) (7) (214)
Purchases 173 297 450 392
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (25) (61) (154) (82)
Transfers into Level 3 124 258 142 428
Transfers out of Level 3 (312) (10) (572) (200)
Balance, end of period 1,840 1,797 1,840 1,797
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings (8) (6) (5) (1)
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 418 318 343 291
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (13) (54) (10) (69)
Purchases 136 90 328 166
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (13) (36) (133) (38)
Transfers into Level 3 124 0 124 0
Transfers out of Level 3 0 (7) 0 (39)
Balance, end of period 652 311 652 311
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 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 350 585 497 493
Net investment gains (losses) included in earnings 0 1 0 1
Unrealized gains (losses) included in other comprehensive income (loss) (16) (44) (6) (81)
Purchases 0 19 0 28
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (2) (24) (9) (32)
Transfers into Level 3 0 0 18 128
Transfers out of Level 3 (30) 0 (198) 0
Balance, end of period 302 537 302 537
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 1
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 37 41 37 43
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (3) (5) (3) (7)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (2) 0 (2) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 32 36 32 36
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 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 161 60 159 45
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 2 (2) 4 (2)
Purchases 0 33 0 33
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (7) 0 (7) (3)
Transfers into Level 3 0 0 0 18
Transfers out of Level 3 (87) 0 (87) 0
Balance, end of period 69 91 69 91
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 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 753 290 742 426
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (22) (37) 8 (55)
Purchases 37 122 112 122
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (1) (1) (3) (2)
Transfers into Level 3 0 258 0 282
Transfers out of Level 3 (195) 0 (287) (141)
Balance, end of period 572 632 572 632
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 0 0 0
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 221 166 209 173
Net investment gains (losses) included in earnings (8) (6) (6) 1
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 0 33 10 43
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 (7)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (3) 0 (20)
Balance, end of period 213 190 213 190
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ (8) $ (6) $ (5) $ (2)