FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2020

FAIR VALUE MEASUREMENTS

Assets and liabilities measured at fair value on a recurring basis

September 30, 2020							Counterparty		Cash
(in millions)		Level 1		Level 2		Level 3		Netting(a)	Collateral			Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities	$	33	$	5,102	$	-	$	-	$	-	$	5,135
Obligations of states, municipalities and political subdivisions		-		13,990		2,183		-		-		16,173
Non-U.S. governments		41		15,126		7		-		-		15,174
Corporate debt		-		159,991		2,115		-		-		162,106
RMBS		-		20,759		12,655		-		-		33,414
CMBS		-		14,796		981		-		-		15,777
CDO/ABS		-		8,833		9,353		-		-		18,186
Total bonds available for sale		74		238,597		27,294		-		-		265,965
Other bond securities:
U.S. government and government sponsored entities		-		1,870		-		-		-		1,870
Non-U.S. governments		-		-		-		-		-		-
Corporate debt		-		12		-		-		-		12
RMBS		-		320		168		-		-		488
CMBS		-		274		48		-		-		322
CDO/ABS		-		168		2,555		-		-		2,723
Total other bond securities		-		2,644		2,771		-		-		5,415
Equity securities		827		18		26		-		-		871
Other invested assets(b)		-		94		1,583		-		-		1,677
Derivative assets:
Interest rate contracts		3		5,051		-		-		-		5,054
Foreign exchange contracts		-		1,585		3		-		-		1,588
Equity contracts		6		841		110		-		-		957
Credit contracts		-		-		1		-		-		1
Other contracts		-		-		13		-		-		13
Counterparty netting and cash collateral		-		-		-		(3,695)		(3,129)		(6,824)
Total derivative assets		9		7,477		127		(3,695)		(3,129)		789
Short-term investments		3,195		4,019		-		-		-		7,214
Other assets		-		-		112		-		-		112
Separate account assets		88,023		4,013		-		-		-		92,036
Total	$	92,128	$	256,862	$	31,913	$	(3,695)	$	(3,129)	$	374,079
Liabilities:
Policyholder contract deposits	$	-	$	-	$	9,322	$	-	$	-	$	9,322
Derivative liabilities:
Interest rate contracts		-		4,559		-		-		-		4,559
Foreign exchange contracts		-		619		-		-		-		619
Equity contracts		12		84		5		-		-		101
Credit contracts		-		24		45		-		-		69
Other contracts		-		-		7		-		-		7
Counterparty netting and cash collateral		-		-		-		(3,695)		(1,060)		(4,755)
Total derivative liabilities		12		5,286		57		(3,695)		(1,060)		600
Fortitude Re funds withheld payable		-		-		5,136		-		-		5,136
Other liabilities		-		-		-		-		-		-
Long-term debt		-		2,169		-		-		-		2,169
Total	$	12	$	7,455	$	14,515	$	(3,695)	$	(1,060)	$	17,227

December 31, 2019							Counterparty		Cash
(in millions)		Level 1		Level 2		Level 3		Netting(a)		Collateral		Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities	$	135	$	5,245	$	-	$	-	$	-	$	5,380
Obligations of states, municipalities and political subdivisions		-		13,197		2,121		-		-		15,318
Non-U.S. governments		60		14,809		-		-		-		14,869
Corporate debt		-		147,973		1,663		-		-		149,636
RMBS		-		19,397		13,408		-		-		32,805
CMBS		-		13,377		1,053		-		-		14,430
CDO/ABS		-		10,962		7,686		-		-		18,648
Total bonds available for sale		195		224,960		25,931		-		-		251,086
Other bond securities:
U.S. government and government sponsored entities		-		2,121		-		-		-		2,121
Non-U.S. governments		-		-		-		-		-		-
Corporate debt		-		18		-		-		-		18
RMBS		-		346		143		-		-		489
CMBS		-		272		50		-		-		322
CDO/ABS		-		187		3,545		-		-		3,732
Total other bond securities		-		2,944		3,738		-		-		6,682
Equity securities		756		77		8		-		-		841
Other invested assets(b)		-		86		1,192		-		-		1,278
Derivative assets:
Interest rate contracts		1		3,199		-		-		-		3,200
Foreign exchange contracts		-		1,034		6		-		-		1,040
Equity contracts		5		593		171		-		-		769
Credit contracts		-		-		3		-		-		3
Other contracts		-		-		14		-		-		14
Counterparty netting and cash collateral		-		-		-		(2,427)		(1,806)		(4,233)
Total derivative assets		6		4,826		194		(2,427)		(1,806)		793
Short-term investments		2,299		3,044		-		-		-		5,343
Other assets		57		2,212		89		-		-		2,358
Separate account assets		89,069		4,203		-		-		-		93,272
Total	$	92,382	$	242,352	$	31,152	$	(2,427)	$	(1,806)	$	361,653
Liabilities:
Policyholder contract deposits	$	-	$	-	$	6,910	$	-	$	-	$	6,910
Derivative liabilities:
Interest rate contracts		4		2,745		-		-		-		2,749
Foreign exchange contracts		-		1,025		-		-		-		1,025
Equity contracts		8		111		20		-		-		139
Credit contracts		-		24		65		-		-		89
Other contracts		-		-		7		-		-		7
Counterparty netting and cash collateral		-		-		-		(2,427)		(527)		(2,954)
Total derivative liabilities		12		3,905		92		(2,427)		(527)		1,055
Other liabilities		-		45		-		-		-		45
Long-term debt		-		2,062		-		-		-		2,062
Total	$	12	$	6,012	$	7,002	$	(2,427)	$	(527)	$	10,072

(a)Represents netting of derivative exposures covered by qualifying master netting agreements.(b)Excludes investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent), which totaled $5.4 billion and $5.5 billion as of September 30, 2020 and December 31, 2019, respectively.

Changes in Level 3 recurring fair value measurements (Assets)

				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				Gains				Issuances										(Losses) Included		Income (Loss) for
		Fair Value	(Losses)			Other		and		Gross		Gross			Fair Value			in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses		of Period			at End of Period		at End of Period
Three Months Ended September 30, 2020
Assets:
Bonds available for sale:
Obligations of states,
municipalities and
political subdivisions	$	2,279	$	3	$	(4)	$	(30)	$	-	$	(65)	$	-	$	2,183	$	-	$	-
Non-U.S. governments		5		-		1		-		1		-		-		7		-		-
Corporate debt		1,900		(33)		52		(25)		452		(231)		-		2,115		-		38
RMBS		12,678		192		301		(412)		3		(107)		-		12,655		-		335
CMBS		1,149		3		36		(11)		-		(196)		-		981		-		27
CDO/ABS		9,461		5		180		(174)		125		(244)		-		9,353		-		172
Total bonds available for sale(a)		27,472		170		566		(652)		581		(843)		-		27,294		-		572
Other bond securities:
RMBS		168		16		-		(16)		-		-		-		168		4		-
CMBS		47		1		-		-		-		-		-		48		1		-
CDO/ABS		2,531		124		-		(100)		-		-		-		2,555		34		-
Total other bond securities		2,746		141		-		(116)		-		-		-		2,771		39		-
Equity securities		43		-		2		1		7		(27)		-		26		1		-
Other invested assets		1,486		74		(2)		25		-		-		-		1,583		-		-
Other assets		111		-		-		2		-		-		(1)		112		-		-
Total	$	31,858	$	385	$	566	$	(740)	$	588	$	(870)	$	(1)	$	31,786	$	40	$	572
				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				(Gains)				Issuances										(Losses) Included		Income (Loss) for
		Fair Value	Losses			Other		and		Gross		Gross			Fair Value			in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses		of Period			at End of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	9,233	$	19	$	-	$	70	$	-	$	-	$	-	$	9,322	$	273	$	-
Derivative liabilities, net:
Interest rate contracts		-		-		-		-		-		-		-		-		-		-
Foreign exchange contracts		(1)		(2)		-		-		-		-		-		(3)		2		-
Equity contracts		(53)		9		-		(65)		(1)		5		-		(105)		-		-
Credit contracts		45		1		-		(2)		-		-		-		44		(7)		-
Other contracts		(3)		(19)		-		16		-		-		-		(6)		18		-
Total derivative liabilities, net(b)		(12)		(11)		-		(51)		(1)		5		-		(70)		13		-
Fortitude Re funds withheld
payable		4,510		656		-		(30)		-		-		-		5,136		(256)		-
Total	$	13,731	$	664	$	-	$	(11)	$	(1)	$	5	$	-	$	14,388	$	30	$	-

				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				Gains				Issuances										(Losses) Included		Income (Loss) for
		Fair Value		(Losses)		Other		and		Gross		Gross			Fair Value			in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses		of Period			at End of Period		at End of Period
Nine Months Ended September 30, 2020
Assets:
Bonds available for sale:
Obligations of states,
municipalities and
political subdivisions	$	2,121	$	8	$	195	$	127	$	27	$	(295)	$	-	$	2,183	$	-	$	193
Non-U.S. governments		-		-		1		5		7		(6)		-		7		-		-
Corporate debt		1,663		(101)		43		95		1,074		(659)		-		2,115		-		59
RMBS		13,408		532		(375)		(806)		29		(133)		-		12,655		-		(213)
CMBS		1,053		14		70		17		23		(196)		-		981		-		66
CDO/ABS		7,686		25		55		(19)		2,062		(456)		-		9,353		-		38
Total bonds available for sale(a)		25,931		478		(11)		(581)		3,222		(1,745)		-		27,294		-		143
Other bond securities:
RMBS		143		16		-		9		-		-		-		168		3		-
CMBS		50		-		-		(2)		-		-		-		48		(1)		-
CDO/ABS		3,545		225		-		(1,215)		-		-		-		2,555		25		-
Total other bond securities		3,738		241		-		(1,208)		-		-		-		2,771		27		-
Equity securities		8		(1)		3		11		33		(28)		-		26		1		-
Other invested assets		1,192		11		(2)		232		150		-		-		1,583		(13)		-
Other assets		89		-		-		61		-		-		(38)		112		-		-
Total	$	30,958	$	729	$	(10)	$	(1,485)	$	3,405	$	(1,773)	$	(38)	$	31,786	$	15	$	143
				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				(Gains)				Issuances										(Losses) Included		Income (Loss) for
		Fair Value		Losses		Other		and		Gross		Gross				Fair Value		in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses			of Period		at End of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	6,910	$	2,250	$	-	$	162	$	-	$	-	$	-	$	9,322	$	(1,436)	$	-
Derivative liabilities, net:
Interest rate contracts		-		(1)		-		1		-		-		-		-		1		-
Foreign exchange contracts		(6)		2		-		1		-		-		-		(3)		2		-
Equity contracts		(151)		19		-		23		(1)		5		-		(105)		(62)		-
Credit contracts		62		(59)		-		41		-		-		-		44		8		-
Other contracts		(7)		(46)		-		47		-		-		-		(6)		45		-
Total derivative liabilities, net(b)		(102)		(85)		-		113		(1)		5		-		(70)		(6)		-
Fortitude Re funds withheld
payable		-		1,493		-		(30)		-		-		3,673		5,136		(919)		-
Total	$	6,808	$	3,658	$	-	$	245	$	(1)	$	5	$	3,673	$	14,388	$	(2,361)	$	-

				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	Gains (Losses)			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included		Comprehensive		Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out	Businesses			of Period		at End of Period
Three Months Ended September 30, 2019
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,162	$	(1)	$	119	$	92	$	-	$	(265)	$	-	$	2,107	$	-
Non-U.S. governments		2		6		-		-		5		-		-		13		-
Corporate debt		1,821		(36)		(2)		(535)		112		(85)		-		1,275		-
RMBS		13,863		166		15		(418)		16		(82)		-		13,560		-
CMBS		1,103		2		32		85		-		(172)		-		1,050		-
CDO/ABS		9,062		3		37		(170)		7		-		-		8,939		-
Total bonds available for sale		28,013		140		201		(946)		140		(604)		-		26,944		-
Other bond securities:
RMBS		830		9		-		(24)		-		-		-		815		1
CMBS		88		1		-		(17)		-		(4)		-		68		(2)
CDO/ABS		4,150		115		-		(334)		-		-		-		3,931		28
Total other bond securities		5,068		125		-		(375)		-		(4)		-		4,814		27
Equity securities		35		-		-		(29)		2		-		-		8		(2)
Other invested assets		605		6		-		(22)		-		-		-		589		7
Other assets		61		-		-		(1)		-		-		-		60		-
Total	$	33,782	$	271	$	201	$	(1,373)	$	142	$	(608)	$	-	$	32,415	$	32
				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	(Gains) Losses			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included		Comprehensive		Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out		Businesses		of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	6,065	$	861	$	-	$	240	$	-	$	-	$	-	$	7,166	$	(691)
Derivative liabilities, net:
Interest rate contracts		16		(3)		-		(13)		-		-		-		-		-
Foreign exchange contracts		(4)		6		-		(3)		-		-		-		(1)		-
Equity contracts		(113)		12		-		-		-		-		-		(101)		(13)
Credit contracts		173		(24)		-		(47)		-		-		-		102		14
Other contracts		(7)		(17)		-		17		-		-		-		(7)		15
Total derivative liabilities, net(b)		65		(26)		-		(46)		-		-		-		(7)		16
Total	$	6,130	$	835	$	-	$	194	$	-	$	-	$	-	$	7,159	$	(675)

				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	Gains (Losses)			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included	Comprehensive			Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out	Businesses			of Period		at End of Period
Nine Months Ended September 30, 2019
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,000	$	(2)	$	321	$	178	$	35	$	(425)	$	-	$	2,107	$	-
Non-U.S. governments		11		5		-		(4)		5		(4)		-		13		-
Corporate debt		864		(10)		79		(600)		1,155		(213)		-		1,275		-
RMBS		14,199		575		176		(1,234)		83		(239)		-		13,560		-
CMBS		917		8		62		381		58		(376)		-		1,050		-
CDO/ABS		9,102		15		204		(111)		103		(374)		-		8,939		-
Total bonds available for sale		27,093		591		842		(1,390)		1,439		(1,631)		-		26,944		-
Other bond securities:
RMBS		1,290		69		-		(544)		-		-		-		815		(18)
CMBS		77		5		-		-		-		(14)		-		68		3
CDO/ABS		4,478		299		-		(749)		-		(97)		-		3,931		128
Total other bond securities		5,845		373		-		(1,293)		-		(111)		-		4,814		113
Equity securities		27		-		-		(20)		2		(1)		-		8		2
Other invested assets		587		24		1		(23)		-		-		-		589		27
Other assets		58		-		-		2		-		-		-		60		-
Total	$	33,610	$	988	$	843	$	(2,724)	$	1,441	$	(1,743)	$	-	$	32,415	$	142
				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	(Gains) Losses			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included	Comprehensive			Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out		Businesses		of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	4,116	$	2,400	$	-	$	650	$	-	$	-	$	-	$	7,166	$	(2,044)
Derivative liabilities, net:
Interest rate contracts		15		-		-		(15)		-		-		-		-		1
Foreign exchange contracts		(5)		(4)		-		8		-		-		-		(1)		-
Equity contracts		(75)		(8)		-		(18)		-		-		-		(101)		19
Credit contracts		227		(51)		-		(74)		-		-		-		102		13
Other contracts		(9)		(50)		-		52		-		-		-		(7)		50
Total derivative liabilities, net(b)		153		(113)		-		(47)		-		-		-		(7)		83
Total	$	4,269	$	2,287	$	-	$	603	$	-	$	-	$	-	$	7,159	$	(1,961)

(a) As a result of the adoption of the Financial Instruments Credit Losses Standard on January 1, 2020, credit losses are included in net realized and unrealized (gains) losses included in income.

(b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.

Changes in Level 3 recurring fair value measurements (Liabilities)

				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				Gains				Issuances										(Losses) Included		Income (Loss) for
		Fair Value	(Losses)			Other		and		Gross		Gross			Fair Value			in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses		of Period			at End of Period		at End of Period
Three Months Ended September 30, 2020
Assets:
Bonds available for sale:
Obligations of states,
municipalities and
political subdivisions	$	2,279	$	3	$	(4)	$	(30)	$	-	$	(65)	$	-	$	2,183	$	-	$	-
Non-U.S. governments		5		-		1		-		1		-		-		7		-		-
Corporate debt		1,900		(33)		52		(25)		452		(231)		-		2,115		-		38
RMBS		12,678		192		301		(412)		3		(107)		-		12,655		-		335
CMBS		1,149		3		36		(11)		-		(196)		-		981		-		27
CDO/ABS		9,461		5		180		(174)		125		(244)		-		9,353		-		172
Total bonds available for sale(a)		27,472		170		566		(652)		581		(843)		-		27,294		-		572
Other bond securities:
RMBS		168		16		-		(16)		-		-		-		168		4		-
CMBS		47		1		-		-		-		-		-		48		1		-
CDO/ABS		2,531		124		-		(100)		-		-		-		2,555		34		-
Total other bond securities		2,746		141		-		(116)		-		-		-		2,771		39		-
Equity securities		43		-		2		1		7		(27)		-		26		1		-
Other invested assets		1,486		74		(2)		25		-		-		-		1,583		-		-
Other assets		111		-		-		2		-		-		(1)		112		-		-
Total	$	31,858	$	385	$	566	$	(740)	$	588	$	(870)	$	(1)	$	31,786	$	40	$	572
				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				(Gains)				Issuances										(Losses) Included		Income (Loss) for
		Fair Value	Losses			Other		and		Gross		Gross			Fair Value			in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses		of Period			at End of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	9,233	$	19	$	-	$	70	$	-	$	-	$	-	$	9,322	$	273	$	-
Derivative liabilities, net:
Interest rate contracts		-		-		-		-		-		-		-		-		-		-
Foreign exchange contracts		(1)		(2)		-		-		-		-		-		(3)		2		-
Equity contracts		(53)		9		-		(65)		(1)		5		-		(105)		-		-
Credit contracts		45		1		-		(2)		-		-		-		44		(7)		-
Other contracts		(3)		(19)		-		16		-		-		-		(6)		18		-
Total derivative liabilities, net(b)		(12)		(11)		-		(51)		(1)		5		-		(70)		13		-
Fortitude Re funds withheld
payable		4,510		656		-		(30)		-		-		-		5,136		(256)		-
Total	$	13,731	$	664	$	-	$	(11)	$	(1)	$	5	$	-	$	14,388	$	30	$	-

				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				Gains				Issuances										(Losses) Included		Income (Loss) for
		Fair Value		(Losses)		Other		and		Gross		Gross			Fair Value			in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses		of Period			at End of Period		at End of Period
Nine Months Ended September 30, 2020
Assets:
Bonds available for sale:
Obligations of states,
municipalities and
political subdivisions	$	2,121	$	8	$	195	$	127	$	27	$	(295)	$	-	$	2,183	$	-	$	193
Non-U.S. governments		-		-		1		5		7		(6)		-		7		-		-
Corporate debt		1,663		(101)		43		95		1,074		(659)		-		2,115		-		59
RMBS		13,408		532		(375)		(806)		29		(133)		-		12,655		-		(213)
CMBS		1,053		14		70		17		23		(196)		-		981		-		66
CDO/ABS		7,686		25		55		(19)		2,062		(456)		-		9,353		-		38
Total bonds available for sale(a)		25,931		478		(11)		(581)		3,222		(1,745)		-		27,294		-		143
Other bond securities:
RMBS		143		16		-		9		-		-		-		168		3		-
CMBS		50		-		-		(2)		-		-		-		48		(1)		-
CDO/ABS		3,545		225		-		(1,215)		-		-		-		2,555		25		-
Total other bond securities		3,738		241		-		(1,208)		-		-		-		2,771		27		-
Equity securities		8		(1)		3		11		33		(28)		-		26		1		-
Other invested assets		1,192		11		(2)		232		150		-		-		1,583		(13)		-
Other assets		89		-		-		61		-		-		(38)		112		-		-
Total	$	30,958	$	729	$	(10)	$	(1,485)	$	3,405	$	(1,773)	$	(38)	$	31,786	$	15	$	143
				Net																Changes in
				Realized																Unrealized Gains
				and				Purchases,										Changes in		(Losses) Included in
				Unrealized				Sales,										Unrealized Gains		Other Comprehensive
				(Gains)				Issuances										(Losses) Included		Income (Loss) for
		Fair Value		Losses		Other		and		Gross		Gross				Fair Value		in Income on		Recurring Level 3
		Beginning		Included	Comprehensive		Settlements,		Transfers		Transfers			Divested		End		Instruments Held		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Net		In		Out	Businesses			of Period		at End of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	6,910	$	2,250	$	-	$	162	$	-	$	-	$	-	$	9,322	$	(1,436)	$	-
Derivative liabilities, net:
Interest rate contracts		-		(1)		-		1		-		-		-		-		1		-
Foreign exchange contracts		(6)		2		-		1		-		-		-		(3)		2		-
Equity contracts		(151)		19		-		23		(1)		5		-		(105)		(62)		-
Credit contracts		62		(59)		-		41		-		-		-		44		8		-
Other contracts		(7)		(46)		-		47		-		-		-		(6)		45		-
Total derivative liabilities, net(b)		(102)		(85)		-		113		(1)		5		-		(70)		(6)		-
Fortitude Re funds withheld
payable		-		1,493		-		(30)		-		-		3,673		5,136		(919)		-
Total	$	6,808	$	3,658	$	-	$	245	$	(1)	$	5	$	3,673	$	14,388	$	(2,361)	$	-

				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	Gains (Losses)			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included		Comprehensive		Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out	Businesses			of Period		at End of Period
Three Months Ended September 30, 2019
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,162	$	(1)	$	119	$	92	$	-	$	(265)	$	-	$	2,107	$	-
Non-U.S. governments		2		6		-		-		5		-		-		13		-
Corporate debt		1,821		(36)		(2)		(535)		112		(85)		-		1,275		-
RMBS		13,863		166		15		(418)		16		(82)		-		13,560		-
CMBS		1,103		2		32		85		-		(172)		-		1,050		-
CDO/ABS		9,062		3		37		(170)		7		-		-		8,939		-
Total bonds available for sale		28,013		140		201		(946)		140		(604)		-		26,944		-
Other bond securities:
RMBS		830		9		-		(24)		-		-		-		815		1
CMBS		88		1		-		(17)		-		(4)		-		68		(2)
CDO/ABS		4,150		115		-		(334)		-		-		-		3,931		28
Total other bond securities		5,068		125		-		(375)		-		(4)		-		4,814		27
Equity securities		35		-		-		(29)		2		-		-		8		(2)
Other invested assets		605		6		-		(22)		-		-		-		589		7
Other assets		61		-		-		(1)		-		-		-		60		-
Total	$	33,782	$	271	$	201	$	(1,373)	$	142	$	(608)	$	-	$	32,415	$	32
				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	(Gains) Losses			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included		Comprehensive		Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out		Businesses		of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	6,065	$	861	$	-	$	240	$	-	$	-	$	-	$	7,166	$	(691)
Derivative liabilities, net:
Interest rate contracts		16		(3)		-		(13)		-		-		-		-		-
Foreign exchange contracts		(4)		6		-		(3)		-		-		-		(1)		-
Equity contracts		(113)		12		-		-		-		-		-		(101)		(13)
Credit contracts		173		(24)		-		(47)		-		-		-		102		14
Other contracts		(7)		(17)		-		17		-		-		-		(7)		15
Total derivative liabilities, net(b)		65		(26)		-		(46)		-		-		-		(7)		16
Total	$	6,130	$	835	$	-	$	194	$	-	$	-	$	-	$	7,159	$	(675)

				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	Gains (Losses)			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included	Comprehensive			Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out	Businesses			of Period		at End of Period
Nine Months Ended September 30, 2019
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,000	$	(2)	$	321	$	178	$	35	$	(425)	$	-	$	2,107	$	-
Non-U.S. governments		11		5		-		(4)		5		(4)		-		13		-
Corporate debt		864		(10)		79		(600)		1,155		(213)		-		1,275		-
RMBS		14,199		575		176		(1,234)		83		(239)		-		13,560		-
CMBS		917		8		62		381		58		(376)		-		1,050		-
CDO/ABS		9,102		15		204		(111)		103		(374)		-		8,939		-
Total bonds available for sale		27,093		591		842		(1,390)		1,439		(1,631)		-		26,944		-
Other bond securities:
RMBS		1,290		69		-		(544)		-		-		-		815		(18)
CMBS		77		5		-		-		-		(14)		-		68		3
CDO/ABS		4,478		299		-		(749)		-		(97)		-		3,931		128
Total other bond securities		5,845		373		-		(1,293)		-		(111)		-		4,814		113
Equity securities		27		-		-		(20)		2		(1)		-		8		2
Other invested assets		587		24		1		(23)		-		-		-		589		27
Other assets		58		-		-		2		-		-		-		60		-
Total	$	33,610	$	988	$	843	$	(2,724)	$	1,441	$	(1,743)	$	-	$	32,415	$	142
				Net														Changes in
				Realized and														Unrealized Gains
				Unrealized				Purchases,										(Losses) Included
		Fair Value	(Gains) Losses			Other		Sales,		Gross		Gross				Fair Value		in Income on
		Beginning		Included	Comprehensive			Issuances and		Transfers		Transfers		Divested		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)	Settlements, Net			In		Out		Businesses		of Period		at End of Period
Liabilities:
Policyholder contract deposits	$	4,116	$	2,400	$	-	$	650	$	-	$	-	$	-	$	7,166	$	(2,044)
Derivative liabilities, net:
Interest rate contracts		15		-		-		(15)		-		-		-		-		1
Foreign exchange contracts		(5)		(4)		-		8		-		-		-		(1)		-
Equity contracts		(75)		(8)		-		(18)		-		-		-		(101)		19
Credit contracts		227		(51)		-		(74)		-		-		-		102		13
Other contracts		(9)		(50)		-		52		-		-		-		(7)		50
Total derivative liabilities, net(b)		153		(113)		-		(47)		-		-		-		(7)		83
Total	$	4,269	$	2,287	$	-	$	603	$	-	$	-	$	-	$	7,159	$	(1,961)

(a) As a result of the adoption of the Financial Instruments Credit Losses Standard on January 1, 2020, credit losses are included in net realized and unrealized (gains) losses included in income.

(b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.

Schedule of net realized and unrealized gains and losses related to Level 3 items

		Net		Net Realized
		Investment		Capital		Other
(in millions)		Income	Gains (Losses)			Income		Total
Three Months Ended September 30, 2020
Assets:
Bonds available for sale*	$	177	$	(7)	$	-	$	170
Other bond securities		143		(2)		-		141
Equity securities		-		-		-		-
Other invested assets		74		-		-		74
Nine Months Ended September 30, 2020
Assets:
Bonds available for sale*	$	557	$	(79)	$	-	$	478
Other bond securities		(25)		266		-		241
Equity securities		-		(1)		-		(1)
Other invested assets		11		-		-		11
Three Months Ended September 30, 2019
Assets:
Bonds available for sale	$	164	$	(24)	$	-	$	140
Other bond securities		110		15		-		125
Other invested assets		7		(1)		-		6
Nine Months Ended September 30, 2019
Assets:
Bonds available for sale	$	651	$	(60)	$	-	$	591
Other bond securities		306		67		-		373
Other invested assets		25		(1)		-		24
		Net		Net Realized
		Investment		Capital		Other
(in millions)		Income	(Gains) Losses			Income		Total
Three Months Ended September 30, 2020
Liabilities:
Policyholder contract deposits	$	-	$	19	$	-	$	19
Derivative liabilities, net		-		5		(16)		(11)
Fortitude Re funds withheld payable		-		656		-		656
Nine Months Ended September 30, 2020
Liabilities:
Policyholder contract deposits	$	-	$	2,250	$	-	$	2,250
Derivative liabilities, net		-		(41)		(44)		(85)
Fortitude Re funds withheld payable		-		1,493		-		1,493
Three Months Ended September 30, 2019
Liabilities:
Policyholder contract deposits	$	-	$	861	$	-	$	861
Derivative liabilities, net		-		(11)		(15)		(26)
Nine Months Ended September 30, 2019
Liabilities:
Policyholder contract deposits	$	-	$	2,400	$	-	$	2,400
Derivative liabilities, net		-		(64)		(49)		(113)

*As a result of the adoption of the Financial Instruments Credit Losses Standard on January 1, 2020, credit losses are included in net realized capital gains (losses).

Gross components of purchases, sales, issuances and settlements, net

						Issuances		Purchases, Sales,
						and		Issuances and
(in millions)		Purchases		Sales		Settlements(a)		Settlements, Net(a)
Three Months Ended September 30, 2020
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	34	$	(18)	$	(46)	$	(30)
Non-U.S. governments		-		-		-		-
Corporate debt		23		(2)		(46)		(25)
RMBS		182		-		(594)		(412)
CMBS		2		(10)		(3)		(11)
CDO/ABS		234		(78)		(330)		(174)
Total bonds available for sale		475		(108)		(1,019)		(652)
Other bond securities:
RMBS		-		-		(16)		(16)
CMBS		-		-		-		-
CDO/ABS		-		-		(100)		(100)
Total other bond securities		-		-		(116)		(116)
Equity securities		1		-		-		1
Other invested assets		25		-		-		25
Other assets		-		-		2		2
Total assets	$	501	$	(108)	$	(1,133)	$	(740)
Liabilities:
Policyholder contract deposits	$	-	$	170	$	(100)	$	70
Derivative liabilities, net		(19)		-		(32)		(51)
Fortitude Re funds withheld payable		-		-		(30)		(30)
Other liabilities		-		-		-		-
Total liabilities	$	(19)	$	170	$	(162)	$	(11)
Three Months Ended September 30, 2019
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	109	$	-	$	(17)	$	92
Non-U.S. governments		-		-		-		-
Corporate debt		1		(128)		(408)		(535)
RMBS		253		-		(671)		(418)
CMBS		92		-		(7)		85
CDO/ABS		458		(198)		(430)		(170)
Total bonds available for sale		913		(326)		(1,533)		(946)
Other bond securities:
RMBS		-		-		(24)		(24)
CMBS		-		(16)		(1)		(17)
CDO/ABS		-		(153)		(181)		(334)
Total other bond securities		-		(169)		(206)		(375)
Equity securities		-		-		(29)		(29)
Other invested assets		21		-		(43)		(22)
Other assets		-		-		(1)		(1)
Total assets	$	934	$	(495)	$	(1,812)	$	(1,373)
Liabilities:
Policyholder contract deposits	$	-	$	240	$	-	$	240
Derivative liabilities, net		(7)		-		(39)		(46)
Total liabilities	$	(7)	$	240	$	(39)	$	194

						Issuances		Purchases, Sales,
						and		Issuances and
(in millions)		Purchases		Sales		Settlements(a)		Settlements, Net(a)
Nine Months Ended September 30, 2020
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	201	$	(20)	$	(54)	$	127
Non-U.S. governments		5		-		-		5
Corporate debt		256		(7)		(154)		95
RMBS		883		-		(1,689)		(806)
CMBS		56		(17)		(22)		17
CDO/ABS		715		(103)		(631)		(19)
Total bonds available for sale		2,116		(147)		(2,550)		(581)
Other bond securities:
RMBS		37		-		(28)		9
CMBS		-		-		(2)		(2)
CDO/ABS		35		(579)		(671)		(1,215)
Total other bond securities		72		(579)		(701)		(1,208)
Equity securities		11		-		-		11
Other invested assets		277		-		(45)		232
Other assets		55		-		6		61
Total assets	$	2,531	$	(726)	$	(3,290)	$	(1,485)
Liabilities:
Policyholder contract deposits	$	-	$	514	$	(352)	$	162
Derivative liabilities, net		(43)		8		148		113
Fortitude Re funds withheld payable		-		-		(30)		(30)
Other liabilities		-		-		-		-
Total liabilities	$	(43)	$	522	$	(234)	$	245
Nine Months Ended September 30, 2019
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	243	$	(16)	$	(49)	$	178
Non-U.S. governments		-		-		(4)		(4)
Corporate debt		58		(129)		(529)		(600)
RMBS		860		(26)		(2,068)		(1,234)
CMBS		455		-		(74)		381
CDO/ABS		1,628		(508)		(1,231)		(111)
Total bonds available for sale		3,244		(679)		(3,955)		(1,390)
Other bond securities:
RMBS		-		(437)		(107)		(544)
CMBS		18		(16)		(2)		-
CDO/ABS		-		(153)		(596)		(749)
Total other bond securities		18		(606)		(705)		(1,293)
Equity securities		9		-		(29)		(20)
Other invested assets		64		-		(87)		(23)
Other assets		-		-		2		2
Total assets	$	3,335	$	(1,285)	$	(4,774)	$	(2,724)
Liabilities:
Policyholder contract deposits	$	-	$	616	$	34	$	650
Derivative liabilities, net		(29)		-		(18)		(47)
Total liabilities	$	(29)	$	616	$	16	$	603

(a)There were no issuances during the three- and nine-month periods ended September 30, 2020 and 2019.

Significant unobservable inputs used for recurring fair value measurements

	Fair Value at
	September 30,		Valuation		Range
(in millions)	2020		Technique	Unobservable Input(b)	(Weighted Average)(c)
Assets:
Obligations of states, municipalities
and political subdivisions	$	1,731	Discounted cash flow	Yield	2.87% - 3.39% (3.13%)
Corporate debt		1,672	Discounted cash flow	Yield	2.99% - 6.03% (4.51%)
RMBS(a)		11,810	Discounted cash flow	Constant prepayment rate	3.81% - 12.15% (7.98%)
				Loss severity	28.62% - 77.94% (53.28%)
				Constant default rate	1.30% - 6.14% (3.72%)
				Yield	1.74% - 4.41% (3.08%)
CDO/ABS(a)		8,704	Discounted cash flow	Yield	2.01% - 5.53% (3.77%)
CMBS		561	Discounted cash flow	Yield	0.78% - 5.68% (3.23%)
Liabilities(d):
Embedded derivatives within
Policyholder contract deposits:
Variable annuity guaranteed minimum withdrawal benefits (GMWB)		3,832	Discounted cash flow	Equity volatility	7.15% - 56.25%
				Base lapse rate	0.16% - 12.60%
				Dynamic lapse multiplier	50.00% - 143.00%
				Mortality multiplier(e)	38.00% - 147.00%
				Utilization	90.00% - 100.00%
				Equity / interest rate correlation	20.00% - 40.00%
				NPA(f)	0.14% - 2.07%
Index annuities including certain GMWB		4,881	Discounted cash flow	Lapse rate	0.38% - 50.00%
				Mortality multiplier(e)	24.00% - 180.00%
				Utilization(g)	80.00% - 100.00%
				Option budget	0.00% - 4.00%
				NPA(f)	0.14% - 2.07%
Indexed life		577	Discounted cash flow	Base lapse rate	0.00% - 37.97%
				Mortality rate	0.00% - 100.00%
				NPA(f)	0.14% - 2.07%

		Fair Value at
		December 31,	Valuation		Range
(in millions)		2019	Technique	Unobservable Input(b)	(Weighted Average)(c)
Assets:
Obligations of states, municipalities
and political subdivisions	$	1,633	Discounted cash flow	Yield	3.35% - 3.95% (3.65%)
Corporate debt		1,087	Discounted cash flow	Yield	3.48% - 6.22% (4.85%)
RMBS(a)		11,746	Discounted cash flow	Constant prepayment rate	4.00% - 12.89% (8.44%)
				Loss severity	33.68% - 76.91% (55.29%)
				Constant default rate	1.68% - 6.17% (3.93%)
				Yield	2.52% - 4.53% (3.52%)
CDO/ABS(a)		6,025	Discounted cash flow	Yield	2.92% - 4.91% (3.91%)
CMBS		476	Discounted cash flow	Yield	2.77% - 5.18% (3.97%)
Liabilities:
Embedded derivatives within
Policyholder contract deposits:
GMWB		2,474	Discounted cash flow	Equity volatility	6.15% - 48.85%
				Base lapse rate	0.16% - 12.60%
				Dynamic lapse multiplier	50.00% - 143.00%
				Mortality multiplier(d)	38.00% - 147.00%
				Utilization	90.00% - 100.00%
				Equity / interest rate correlation	20.00% - 40.00%
				NPA(e)	0.12% - 1.53%
Index annuities		3,895	Discounted cash flow	Lapse rate	0.31% - 50.00%
				Mortality multiplier(d)	24.00% - 180.00%
				Option budget	1.00% - 4.00%
				NPA(e)	0.12% - 1.53%
Indexed life		510	Discounted cash flow	Base lapse rate	0.00% - 37.97%
				Mortality rate	0.00% - 100.00%
				NPA(e)	0.12% - 1.53%

(a) Information received from third-party valuation service providers. The ranges of the unobservable inputs for constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CDO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us, because there are other factors relevant to the fair values of specific tranches owned by us including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points.

(b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities.

(c) The weighted averaging for fixed maturity securities is based on the estimated fair value of the securities. Because the valuation methodology for embedded derivatives within Policyholder contract deposits uses a range of inputs that vary at the contract level over the cash flow projection period, management believes that presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation.

(d) The Fortitude Re funds withheld payable has been excluded from the above table. As discussed in Note 7, the Fortitude Re funds withheld payable is created through modified coinsurance (modco) and funds withheld reinsurance arrangements where the investments supporting the reinsurance agreements are withheld by, and continue to reside on AIG’s balance sheet. This embedded derivative is valued as a total return swap with reference to the fair value of the invested assets held by AIG. Accordingly, the unobservable inputs utilized in the valuation of the embedded derivative are a component of the invested assets supporting the reinsurance agreements that are held on AIG’s balance sheet.

(e) Mortality inputs are shown as multipliers of the 2012 Individual Annuity Mortality Basic table.

(f) The non-performance risk adjustment (NPA) applied as a spread over risk-free curve for discounting.

(g) The partial withdrawal utilization unobservable input range shown applies only to policies with guaranteed minimum withdrawal benefit riders that are accounted for as an embedded derivative. The total embedded derivative liability at September 30, 2020 is approximately $611 million. The remaining guaranteed minimum riders on the Index Annuities are valued under the accounting guidance for certain nontraditional long-duration contracts.

Investments in certain entities carried at fair value using net asset value per share

		September 30, 2020				December 31, 2019
			Fair Value			Fair Value
			Using NAV			Using NAV
			Per Share (or		Unfunded	Per Share (or			Unfunded
(in millions)	Investment Category Includes		its equivalent)	Commitments		its equivalent)		Commitments
Investment Category
Private equity funds:
Leveraged buyout	Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage	$	1,382	$	1,697	$	1,189	$	1,543
Real Estate / Infrastructure	Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities		429		450		400		290
Venture capital	Early-stage, high-potential, growth companies expected to generate a return through an eventual realization event, such as an initial public offering or sale of the company		143		166		111		155
Growth equity	Funds that make investments in established companies for the purpose of growing their businesses		523		54		422		57
Mezzanine	Funds that make investments in the junior debt and equity securities of leveraged companies		349		282		325		414
Other	Includes distressed funds that invest in securities of companies that are in default or under bankruptcy protection, as well as funds that have multi-strategy, and other strategies		821		441		773		206
Total private equity funds			3,647		3,090		3,220		2,665
Hedge funds:
Event-driven	Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations		353		-		727		-
Long-short	Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk		364		-		539		-
Macro	Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions		751		-		894		-
Other	Includes investments held in funds that are less liquid, as well as other strategies which allow for broader allocation between public and private investments		272		1		169		1
Total hedge funds			1,740		1		2,329		1
Total		$	5,387	$	3,091	$	5,549	$	2,666

Gains or losses related to the eligible instruments for which AIG elected the fair value option

	Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
(in millions)		2020		2019		2020		2019
Assets:
Bonds	$	171	$	333	$	485	$	971
Alternative investments(a)		407		92		242		473
Liabilities:
Long-term debt(b)		18		(75)		(203)		(228)
Total gain	$	596	$	350	$	524	$	1,216

(a) Includes certain hedge funds, private equity funds and other investment partnerships.

(b) Includes GIAs, notes, bonds and mortgages payable.

Difference between fair values and aggregate contractual principal amounts, fair value option

	September 30, 2020						December 31, 2019
			Outstanding						Outstanding
(in millions)	Fair Value		Principal Amount		Difference		Fair Value		Principal Amount		Difference
Liabilities:
Long-term debt*	$	2,169	$	1,506	$	663	$	2,062	$	1,502	$	560

*Includes GIAs, notes, bonds, loans and mortgages payable.

Fair value assets measured on nonrecurring basis and impairment charges

	Assets at Fair Value								Impairment Charges
	Non-Recurring Basis								Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	Level 1		Level 2		Level 3			Total		2020		2019		2020		2019
September 30, 2020
Other investments	$	-	$	-	$	268	$	268	$	12	$	7	$	60	$	65
Other assets		-		-		31		31		2		45		14		62
Total	$	-	$	-	$	299	$	299	$	14	$	52	$	74	$	127
December 31, 2019
Other investments	$	-	$	-	$	329	$	329
Other assets		-		-		1		1
Total	$	-	$	-	$	330	$	330

Carrying values and estimated fair values of AIG's financial instruments

	Estimated Fair Value									Carrying
(in millions)		Level 1		Level 2		Level 3		Total		Value
September 30, 2020
Assets:
Mortgage and other loans receivable	$	-	$	99	$	48,118	$	48,217	$	45,590
Other invested assets		-		798		6		804		804
Short-term investments		-		13,434		-		13,434		13,434
Cash		3,191		-		-		3,191		3,191
Other assets		188		14		-		202		202
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		224		143,873		144,097		129,170
Fortitude Re funds withheld payable		-		-		37,407		37,407		37,407
Other liabilities		-		3,823		-		3,823		3,823
Long-term debt and debt of consolidated investment entities		-		31,391		8,281		39,672		36,068
Separate account liabilities - investment contracts		-		87,564		-		87,564		87,564
December 31, 2019
Assets:
Mortgage and other loans receivable	$	-	$	101	$	48,904	$	49,005	$	46,984
Other invested assets		-		735		6		741		742
Short-term investments		-		7,887		-		7,887		7,887
Cash		2,856		-		-		2,856		2,856
Other assets		291		20		-		311		311
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		255		132,991		133,246		126,137
Other liabilities		15		3,048		-		3,063		3,063
Long-term debt and debt of consolidated investment entities		-		27,024		8,883		35,907		33,288
Separate account liabilities - investment contracts		-		88,770		-		88,770		88,770