XML 72 R55.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value Measurements - Changes in level 3 recurring fair value measurements, liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Liabilities:                
Fair Value Beginning of Period $ 3,796 $ 3,815 $ 3,796 $ 3,815 $ 3,441 $ 2,648 $ 7,076 $ 11,066
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 253 (3,232) 1,784 (6,925)        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net 102 53 (636) (244)        
Gross Transfers In 0 (81)   (81)        
Other 0 0 0 0        
Fair Value End of Period 3,796 3,815 3,796 3,815        
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period (3) 3,336 (982) 7,526        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period (15) 0 37 0        
Derivative liabilities, net:                
Gross Transfers Out     $ 0          
Gross Transfers Out $ 0 $ (1)   $ (1)        
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Change in the fair value of market risk benefits, net Change in the fair value of market risk benefits, net Revenues Change in the fair value of market risk benefits, net        
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]     Other comprehensive income (loss) Other comprehensive income (loss)        
Net realized gains/(losses)                
Derivative liabilities, net:                
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]     Total net realized gains (losses) Total net realized gains (losses)        
Policyholder contract deposits                
Liabilities:                
Fair Value Beginning of Period $ 6,813 $ 4,728 $ 6,813 $ 4,728 6,064 5,367 5,035 5,572
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 429 (545) 810 (1,203)        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net 320 238 636 359        
Gross Transfers In 0 0 0 0        
Other 0 0 0 0        
Fair Value End of Period 6,813 4,728 6,813 4,728        
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period (308) 592 (676) 1,437        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period 0 0 0 0        
Derivative liabilities, net:                
Gross Transfers Out 0 0 0 0        
Policyholder contract deposits | Net realized gains/(losses)                
Liabilities:                
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 429 (545) 810 (1,203)        
Derivative liabilities, net                
Liabilities:                
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 18 89 3 372        
Purchases, Sales, Issuances and Settlements, Net (143) (117) (404) (137)        
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period 14 (92) 162 (227)        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period (15) 0 37 0        
Derivative liabilities, net:                
Fair Value Beginning of Period (872) (165) (596) (428)        
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 18 89 3 372        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net (143) (117) (404) (137)        
Gross Transfers In 0 (81) 0 (81)        
Gross Transfers Out 0 (1) 0 (1)        
Other 0 0 0 0        
Fair Value End of Period (997) (275) (997) (275)        
Derivative liabilities, net | Net realized gains/(losses)                
Liabilities:                
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 65 120 (23) 447        
Interest rate contracts                
Liabilities:                
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period 0 (10) 0 (10)        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period (21) 0 (29) 0        
Derivative liabilities, net:                
Fair Value Beginning of Period (356) (4) (311) 0        
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 27 12 84 11        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net (10) (70) (112) (73)        
Gross Transfers In 0 (81) 0 (81)        
Gross Transfers Out 0 0 0 0        
Other 0 0 0 0        
Fair Value End of Period (339) (143) (339) (143)        
Foreign exchange contracts                
Liabilities:                
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period 0 (1) 0 (1)        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period (2) 0 (2) 0        
Derivative liabilities, net:                
Fair Value Beginning of Period 0 0 0 (1)        
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 2 1 2 1        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net 0 0 0 1        
Gross Transfers In 0 0 0 0        
Gross Transfers Out 0 0 0 0        
Other 0 0 0 0        
Fair Value End of Period 2 1 2 1        
Equity contracts                
Liabilities:                
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period (1) (95) 131 (247)        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period 6 0 66 0        
Derivative liabilities, net:                
Fair Value Beginning of Period (502) (178) (271) (444)        
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income 7 89 (49) 390        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net (150) (59) (325) (94)        
Gross Transfers In 0 0 0 0        
Gross Transfers Out 0 (1) 0 (1)        
Other 0 0 0 0        
Fair Value End of Period (645) (149) (645) (149)        
Credit contracts                
Liabilities:                
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period 0 (1) 0 (1)        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period 1 0 1 0        
Derivative liabilities, net:                
Fair Value Beginning of Period 0 31 0 30        
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income (1) 1 (1) 2        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net 1 0 1 0        
Gross Transfers In 0 0 0 0        
Gross Transfers Out 0 0 0 0        
Other 0 0 0 0        
Fair Value End of Period 0 32 0 32        
Other contracts                
Liabilities:                
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period 15 15 31 32        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period 1 0 1 0        
Derivative liabilities, net:                
Fair Value Beginning of Period (14) (14) (14) (13)        
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income (17) (14) (33) (32)        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net 16 12 32 29        
Gross Transfers In 0 0 0 0        
Gross Transfers Out 0 0 0 0        
Other 0 0 0 0        
Fair Value End of Period (15) (16) (15) (16)        
Fortitude Re funds withheld payable                
Liabilities:                
Fair Value Beginning of Period (2,118) (638) (2,118) (638) (1,863) (2,235) $ 2,206 $ 5,922
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income (180) (2,776) 985 (6,094)        
Other Comprehensive Income (Loss) 0 0 0 0        
Purchases, Sales, Issuances and Settlements, Net (75) (68) (868) (466)        
Gross Transfers In 0 0 0 0        
Other 0 0 0 0        
Fair Value End of Period (2,118) (638) (2,118) (638)        
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period 291 2,836 (468) 6,316        
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period 0 0 0 0        
Derivative liabilities, net:                
Gross Transfers Out 0 0 0 0        
Fortitude Re funds withheld payable | Net realized gains/(losses)                
Liabilities:                
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income (180) $ (2,776) 985 $ (6,094)        
Other Liabilities                
Liabilities:                
Fair Value Beginning of Period 98   98   $ 112 $ 112    
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income (14)   (14)          
Other Comprehensive Income (Loss) 0   0          
Purchases, Sales, Issuances and Settlements, Net 0   0          
Gross Transfers In 0   0          
Other 0   0          
Fair Value End of Period 98   98          
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period 0   0          
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period 0   0          
Derivative liabilities, net:                
Gross Transfers Out $ 0   $ 0