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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 1,840 $ 1,797 $ 1,987 $ 1,471
Net investment gains (losses) included in earnings (7) (1) (13) 1
Unrealized gains (losses) included in other comprehensive income (loss) (69) (97) (76) (311)
Purchases 127 306 577 698
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (17) (232) (171) (314)
Transfers into Level 3 42 68 184 496
Transfers out of Level 3 (109) (24) (681) (224)
Balance, end of period 1,807 1,817 1,807 1,817
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings (3) (1) (7) (3)
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 652 311 343 291
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (13) (12) (23) (81)
Purchases 55 56 383 222
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (11) (21) (144) (59)
Transfers into Level 3 0 0 124 0
Transfers out of Level 3 (3) (24) (3) (63)
Balance, end of period 680 310 680 310
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 1 0
Fixed maturity securities | Public utilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 302 537 497 493
Net investment gains (losses) included in earnings 0 1 0 2
Unrealized gains (losses) included in other comprehensive income (loss) (12) (30) (18) (111)
Purchases 36 7 36 35
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (6) (8) (15) (40)
Transfers into Level 3 0 0 18 128
Transfers out of Level 3 (61) 0 (259) 0
Balance, end of period 259 507 259 507
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings 0 1 1 1
Fixed maturity securities | Sovereign and supranational        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 32 36 37 43
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (1) (2) (4) (9)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 (2) 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 31 34 31 34
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 69 91 159 45
Net investment gains (losses) included in earnings 0 1 0 1
Unrealized gains (losses) included in other comprehensive income (loss) (2) (12) 2 (14)
Purchases 0 88 0 121
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 (20) (7) (23)
Transfers into Level 3 3 0 3 18
Transfers out of Level 3 0 0 (87) 0
Balance, end of period 70 148 70 148
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 572 632 742 426
Net investment gains (losses) included in earnings 0 0 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (41) (41) (33) (96)
Purchases 36 145 148 267
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 (183) (3) (185)
Transfers into Level 3 39 68 39 350
Transfers out of Level 3 (42) 0 (329) (141)
Balance, end of period 564 621 564 621
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 213 190 209 173
Net investment gains (losses) included in earnings (7) (3) (13) (2)
Unrealized gains (losses) included in other comprehensive income (loss) 0 0 0 0
Purchases 0 10 10 53
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 (3) 0 (3) (20)
Balance, end of period 203 197 203 197
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities still held at the end of the period included in earnings $ (3) $ (2) $ (9) $ (4)