Realized Gain (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Realized Gain (Loss) [Abstract]

Schedule Of Realized Gain (Loss)

	For the Three						For the Six
	Months Ended						Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Fixed maturity AFS securities:
Gross gains	$	22		$	20		$	28		$	32
Gross losses		(64	)		(17	)		(72	)		(44	)
Credit loss expense, net		(2	)		-			(22	)		-
Gross OTTI		-			(5	)		-			(13	)
Realized gain (loss) on equity securities (1)		4			2			(14	)		7
Credit loss expense on mortgage loans on real estate		(113	)		(1	)		(183	)		(1	)
Other gain (loss) on investments		(7	)		(5	)		(8	)		(5	)
Associated amortization of DAC, VOBA, DSI and DFEL
and changes in other contract holder funds		18			(5	)		43			(7	)
Total realized gain (loss) related to certain financial assets		(142	)		(11	)		(228	)		(31	)
Realized gain (loss) on the mark-to-market on certain instruments (2)(3)		(6	)		(37	)		41			(158	)
Indexed annuity and IUL contracts net derivatives results: (4)
Gross gain (loss)		(1	)		(41	)		(50	)		(76	)
Associated amortization of DAC, VOBA, DSI and DFEL		-			8			15			9
Variable annuity net derivatives results: (5)
Gross gain (loss)		(521	)		(43	)		(481	)		(259	)
Associated amortization of DAC, VOBA, DSI and DFEL		23			7			32			35
Total realized gain (loss)	$	(647	)	$	(117	)	$	(671	)	$	(480	)

⁽¹⁾Includes market adjustments on equity securities still held of $4 million and $2 million for the three months ended June 30, 2020 and 2019, respectively, and $(13) million and $8 million for the six months ended June 30, 2020 and 2019, respectively.

⁽²⁾Represents changes in the fair values of certain derivative investments (not including those associated with our variable and indexed annuity and IUL contracts net derivative results), reinsurance related embedded derivatives, mortgage loans on real estate accounted for under the fair value option and trading securities. See Note 7 for information regarding modified coinsurance.

⁽³⁾Includes gains and losses from fair value changes on mortgage loans on real estate accounted for under the fair value option of $(2) million for the three months ended June 30, 2020 and $5 million for the six months ended June 30, 2020.

⁽⁴⁾Represents the net difference between the change in fair value of the index options that we hold and the change in the fair value of the embedded derivative liabilities of our indexed annuity and IUL contracts along with changes in the fair value of embedded derivative liabilities related to index options we may purchase or sell in the future to hedge contract holder index allocations applicable to future reset periods for our indexed annuity products.

⁽⁵⁾Includes the net difference in the change in embedded derivative reserves of our GLB riders and the change in the fair value of the derivative instruments we own to hedge the change in embedded derivative reserves on our GLB riders and the benefit ratio unlocking on our GLB and GDB riders, including the cost of purchasing the hedging instruments.