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EQUITY - Components of OCI, Net of Taxes (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Equity [Abstract]    
Net unrealized gains (losses) arising during the period $ 72 $ (176)
(Gains) losses reclassified into net income (loss) during the period 4 1
Net unrealized gains (losses) on investments 76 (175)
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other (1) 4
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $16 and $(45). [1] 75 (171)
Changes in instrument-specific credit risk - market risk benefits (net of deferred income tax expense (benefit) of $1 and $1. 5 5
Changes in current discount rate - liability for future policy benefits (net of deferred income tax expense (benefit) of $0 and $0. 0 0
Other comprehensive income (loss) 80 (166)
Reclassification adjustment $ (1) $ 0
[1] See Note 12 of the Notes to these Financial Statements for details of change in unrealized gains (losses), net of adjustments.