XML 137 R72.htm IDEA: XBRL DOCUMENT v3.21.2
REINSURANCE (Details - Summary of the impact of modco and funds withheld) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Effects of Reinsurance [Line Items]        
Net investment income $ 3,715 $ 3,800 $ 11,047 $ 9,674
Net realized gains (losses) 660 (1,122) 1,984 65
Income from continuing operations before income tax benefit 2,176 368 7,051 (6,735)
Income tax expense 439 74 1,234 (918)
Net income (loss) $ 1,737 $ 299 $ 5,817 $ (5,813)
U.S. federal income tax at statutory rate (as a percent) 21.00% 21.00% 21.00% 21.00%
Policyholder benefits and losses incurred $ 5,959 $ 5,872 $ 17,182 $ 18,718
Fortitude        
Effects of Reinsurance [Line Items]        
Net investment income 495 458 1,488 574
Net realized gains (losses) (19) (624) 653 (1,365)
Fortitude Re funds withheld assets        
Effects of Reinsurance [Line Items]        
Net investment income 495 458 1,488 574
Net realized gains (losses) 190 32 536 128
Policyholder benefits and losses incurred 21      
Fortitude Holdings        
Effects of Reinsurance [Line Items]        
Net underwriting income 0 0 0 0
Net investment income 495 458 1,488 574
Net realized gains (losses) (19) (624) 653 (1,365)
Income from continuing operations before income tax benefit 476 (166) 2,141 (791)
Income tax expense 99 (35) 449 (166)
Net income (loss) 377 (131) 1,692 (625)
Change in unrealized appreciation of all other investments (360) 132 (1,645) 570
Comprehensive income 17 1 47 (55)
Fortitude Holdings | Fortitude Re funds withheld assets        
Effects of Reinsurance [Line Items]        
Net realized gains (losses) 190 32 536 128
Fortitude Holdings | Fortitude Re funds withheld assets | Embedded derivatives        
Effects of Reinsurance [Line Items]        
Net realized gains (losses) $ (209) $ (656) $ 117 $ (1,493)