XML 112 R95.htm IDEA: XBRL DOCUMENT v3.24.0.1
FAIR VALUE MEASUREMENTS - Changes in Investments Carried at Fair Value Classified as Level 3 (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period $ 1,987 $ 1,471
Net investment gains (losses) included in earnings 35 5
Unrealized gains (losses) included in other comprehensive income (loss) 23 (288)
Purchases 669 886
Issuances 0 0
Sales 0 0
Settlements (186) (359)
Transfers into Level 3 215 496
Transfers out of Level 3 (714) (224)
Balance, end of period 2,029 1,987
Change in unrealized gains (losses) still held $ 40 $ (2)
Change in unrealized gains (losses) still held ext list Net investment gains (losses) Net investment gains (losses)
Net investment gains (losses) included in earnings ext list Net investment gains (losses) Net investment gains (losses)
Unrealized gains (losses) included in other comprehensive income (loss) ext list Total other comprehensive income (loss) before income taxes Total other comprehensive income (loss) before income taxes
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 $ 343 $ 291
Net investment gains (losses) included in earnings 0 (4)
Unrealized gains (losses) included in other comprehensive income (loss) 1 (76)
Purchases 430 273
Issuances 0 0
Sales 0 0
Settlements (154) (78)
Transfers into Level 3 155 0
Transfers out of Level 3 (3) (63)
Balance, end of period 772 343
Change in unrealized gains (losses) still held 0 (4)
Fixed maturity securities | Public utilities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 497 493
Net investment gains (losses) included in earnings 0 4
Unrealized gains (losses) included in other comprehensive income (loss) (2) (99)
Purchases 46 35
Issuances 0 0
Sales 0 0
Settlements (17) (64)
Transfers into Level 3 18 128
Transfers out of Level 3 (289) 0
Balance, end of period 253 497
Change in unrealized gains (losses) still held 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 43
Net investment gains (losses) included in earnings 0 0
Unrealized gains (losses) included in other comprehensive income (loss) (3) (6)
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements (4) 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Balance, end of period 30 37
Change in unrealized gains (losses) still held 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 159 45
Net investment gains (losses) included in earnings 0 1
Unrealized gains (losses) included in other comprehensive income (loss) 10 (14)
Purchases 0 132
Issuances 0 0
Sales 0 0
Settlements (7) (23)
Transfers into Level 3 3 18
Transfers out of Level 3 (87) 0
Balance, end of period 78 159
Change in unrealized gains (losses) still held 0 0
Fixed maturity securities | Other corporate    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 742 426
Net investment gains (losses) included in earnings 0 0
Unrealized gains (losses) included in other comprehensive income (loss) 17 (93)
Purchases 183 387
Issuances 0 0
Sales 0 0
Settlements (4) (187)
Transfers into Level 3 39 350
Transfers out of Level 3 (329) (141)
Balance, end of period 648 742
Change in unrealized gains (losses) still held 0 0
Equity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning of period 209 173
Net investment gains (losses) included in earnings 35 4
Unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases 10 59
Issuances 0 0
Sales 0 0
Settlements 0 (7)
Transfers into Level 3 0 0
Transfers out of Level 3 (6) (20)
Balance, end of period 248 209
Change in unrealized gains (losses) still held $ 40 $ 1