XML 88 R76.htm IDEA: XBRL DOCUMENT v3.22.4
FAIR VALUE DISCLOSURES - Schedules Of Assets And Liabilities Measured On Recurring Basis (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Fixed maturities, AFS: $ 58,947 $ 73,076
Amounts due from reinsurer 4,114 5,813
Recurring    
Assets:    
Fixed maturities, AFS: 58,947 73,076
Other equity investments 627 682
Trading securities 283 379
Other invested assets: 4,225 6,494
Cash equivalents 655 1,382
Amounts due from reinsurer 4,114 5,813
GMIB reinsurance contracts asset 1,306 2,068
Separate Accounts assets 110,808 143,306
Total Assets 180,965 233,200
Liabilities:    
Total Liabilities 9,850 15,166
Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
Other equity investments 137 243
Trading securities 160 193
Other invested assets: 0 0
Cash equivalents 397 1,109
Amounts due from reinsurer 0 0
GMIB reinsurance contracts asset 0 0
Separate Accounts assets 108,378 140,740
Total Assets 109,072 142,285
Liabilities:    
Total Liabilities 0 0
Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 56,783 71,520
Other equity investments 478 434
Trading securities 123 186
Other invested assets: 4,220 6,486
Cash equivalents 258 273
Amounts due from reinsurer 0 0
GMIB reinsurance contracts asset 0 0
Separate Accounts assets 2,429 2,565
Total Assets 64,291 81,464
Liabilities:    
Total Liabilities 4,077 6,641
Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 2,164 1,556
Other equity investments 12 5
Trading securities 0 0
Other invested assets: 5 8
Cash equivalents 0 0
Amounts due from reinsurer 4,114 5,813
GMIB reinsurance contracts asset 1,306 2,068
Separate Accounts assets 1 1
Total Assets 7,602 9,451
Liabilities:    
Total Liabilities 5,773 8,525
Recurring | NAV    
Assets:    
Separate Accounts assets 456 404
Corporate | Recurring    
Assets:    
Fixed maturities, AFS: 39,463 47,724
Corporate | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
Corporate | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 37,360 46,231
Corporate | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 2,103 1,493
U.S. Treasury, government and agency    
Assets:    
Fixed maturities, AFS: 5,738 15,214
U.S. Treasury, government and agency | Recurring    
Assets:    
Fixed maturities, AFS: 5,738 15,214
U.S. Treasury, government and agency | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
U.S. Treasury, government and agency | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 5,738 15,214
U.S. Treasury, government and agency | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 0 0
States and political subdivisions    
Assets:    
Fixed maturities, AFS: 471 597
States and political subdivisions | Recurring    
Assets:    
Fixed maturities, AFS: 471 597
States and political subdivisions | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
States and political subdivisions | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 442 562
States and political subdivisions | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 29 35
Foreign governments    
Assets:    
Fixed maturities, AFS: 836 1,152
Foreign governments | Recurring    
Assets:    
Fixed maturities, AFS: 836 1,152
Foreign governments | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
Foreign governments | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 836 1,152
Foreign governments | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 0 0
Residential mortgage-backed    
Assets:    
Fixed maturities, AFS: 777 90
Residential mortgage-backed | Recurring    
Assets:    
Fixed maturities, AFS: 777 90
Residential mortgage-backed | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
Residential mortgage-backed | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 777 90
Residential mortgage-backed | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 0 0
Asset-backed    
Assets:    
Fixed maturities, AFS: 8,449 5,905
Asset-backed | Recurring    
Assets:    
Fixed maturities, AFS: 8,449 5,905
Asset-backed | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
Asset-backed | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 8,449 5,897
Asset-backed | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 0 8
Commercial mortgage-backed    
Assets:    
Fixed maturities, AFS: 3,170 2,341
Commercial mortgage-backed | Recurring    
Assets:    
Fixed maturities, AFS: 3,170 2,341
Commercial mortgage-backed | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
Commercial mortgage-backed | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 3,138 2,321
Commercial mortgage-backed | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 32 20
Redeemable preferred stock    
Assets:    
Fixed maturities, AFS: 43 53
Redeemable preferred stock | Recurring    
Assets:    
Fixed maturities, AFS: 43 53
Redeemable preferred stock | Recurring | Level 1    
Assets:    
Fixed maturities, AFS: 0 0
Redeemable preferred stock | Recurring | Level 2    
Assets:    
Fixed maturities, AFS: 43 53
Redeemable preferred stock | Recurring | Level 3    
Assets:    
Fixed maturities, AFS: 0 0
Short-term investments | Recurring    
Assets:    
Other invested assets: 485 0
Short-term investments | Recurring | Level 1    
Assets:    
Other invested assets: 0 0
Short-term investments | Recurring | Level 2    
Assets:    
Other invested assets: 485 0
Short-term investments | Recurring | Level 3    
Assets:    
Other invested assets: 0 0
Assets of consolidated VIEs/VOEs | Recurring    
Assets:    
Other invested assets: 5 8
Assets of consolidated VIEs/VOEs | Recurring | Level 1    
Assets:    
Other invested assets: 0 0
Assets of consolidated VIEs/VOEs | Recurring | Level 2    
Assets:    
Other invested assets: 0 0
Assets of consolidated VIEs/VOEs | Recurring | Level 3    
Assets:    
Other invested assets: 5 8
Swaps | Recurring    
Assets:    
Other invested assets: (416) (469)
Swaps | Recurring | Level 1    
Assets:    
Other invested assets: 0 0
Swaps | Recurring | Level 2    
Assets:    
Other invested assets: (416) (469)
Swaps | Recurring | Level 3    
Assets:    
Other invested assets: 0 0
Credit default swaps | Recurring    
Assets:    
Other invested assets: (2) (1)
Credit default swaps | Recurring | Level 1    
Assets:    
Other invested assets: 0 0
Credit default swaps | Recurring | Level 2    
Assets:    
Other invested assets: (2) (1)
Credit default swaps | Recurring | Level 3    
Assets:    
Other invested assets: 0 0
Options | Recurring    
Assets:    
Other invested assets: 4,153 6,956
Options | Recurring | Level 1    
Assets:    
Other invested assets: 0 0
Options | Recurring | Level 2    
Assets:    
Other invested assets: 4,153 6,956
Options | Recurring | Level 3    
Assets:    
Other invested assets: 0 0
GMxB derivative features’ liability | Recurring    
Liabilities:    
Liabilities 5,773 8,525
GMxB derivative features’ liability | Recurring | Level 1    
Liabilities:    
Liabilities 0 0
GMxB derivative features’ liability | Recurring | Level 2    
Liabilities:    
Liabilities 0 0
GMxB derivative features’ liability | Recurring | Level 3    
Liabilities:    
Liabilities 5,773 8,525
SCS, SIO, MSO and IUL indexed features’ liability | Recurring    
Liabilities:    
Liabilities 4,077 6,641
SCS, SIO, MSO and IUL indexed features’ liability | Recurring | Level 1    
Liabilities:    
Liabilities 0 0
SCS, SIO, MSO and IUL indexed features’ liability | Recurring | Level 2    
Liabilities:    
Liabilities 4,077 6,641
SCS, SIO, MSO and IUL indexed features’ liability | Recurring | Level 3    
Liabilities:    
Liabilities $ 0 $ 0