XML 60 R48.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements - Level 3 Financial Instruments (Details) - Assets measured on recurring basis - Level 3 - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Assets held in separate accounts        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance $ 174 $ 102 $ 115 $ 61
Total Realized/Unrealized Gains (Losses) Included in Net Income 3 1 3 4
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 43 12 123 51
Issuances 0 0 0 0
Sales (1) (1) (2) (1)
Settlements 0 0 0 0
Transfers in to Level 3 1 0 4 3
Transfers out of Level 3 (13) (14) (36) (18)
Fair Value, assets, ending balance 207 100 207 100
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0   0  
Stabilizer (Investment Only) and MCG Contracts        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Fair Value, Derivatives, beginning balance (154) (19) (22) (4)
Total Realized/Unrealized Gains (Losses) Included in Net Income 29 (37) (102) (51)
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 0 0 0 0
Issues 0 (1) (1) (2)
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Fair Value, Derivatives, ending balance (125) (57) (125) (57)
Change In Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0   0  
FIA        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Fair Value, Derivatives, beginning balance (10) (11) (11) (11)
Total Realized/Unrealized Gains (Losses) Included in Net Income 2 1 3 2
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 0 0 0 0
Issues (1) (1) (2) (4)
Sales 0 0 0 0
Settlements 0 1 1 3
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Fair Value, Derivatives, ending balance (9) (10) (9) (10)
Change In Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0   0  
U.S. corporate public securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 61 47 47 28
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 0 0
Total Realized/Unrealized Gains (Losses) Included in OCI 3 2 3 3
Purchases 3 0 3 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (1) (1) (4) (6)
Transfers in to Level 3 28 0 27 23
Transfers out of Level 3 (18) 0 0 0
Fair Value, assets, ending balance 76 48 76 48
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 3   3  
U.S. corporate private securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 965 893 1,002 771
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 1 0
Total Realized/Unrealized Gains (Losses) Included in OCI 7 23 26 68
Purchases 37 103 88 205
Issuances 0 0 0 0
Sales 0 0 (10) (6)
Settlements (10) (46) (80) (55)
Transfers in to Level 3 243 6 284 5
Transfers out of Level 3 (63) 0 (132) (9)
Fair Value, assets, ending balance 1,179 979 1,179 979
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 7   26  
Foreign corporate public securities and foreign governments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 0   0  
Total Realized/Unrealized Gains (Losses) Included in Net Income 0   0  
Total Realized/Unrealized Gains (Losses) Included in OCI 0   0  
Purchases 0   0  
Issuances 0   0  
Sales 0   0  
Settlements 0   0  
Transfers in to Level 3 0   0  
Transfers out of Level 3 0   0  
Fair Value, assets, ending balance 0   0  
Change in Unrealized Gains (Losses) Included in Earnings 0   0  
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0   0  
Foreign corporate private securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 179 174 190 124
Total Realized/Unrealized Gains (Losses) Included in Net Income (1) 0 1 (17)
Total Realized/Unrealized Gains (Losses) Included in OCI (15) 2 (27) 28
Purchases 165 5 175 102
Issuances 0 0 0 0
Sales (8) 0 (10) (56)
Settlements 0 0 (2) 0
Transfers in to Level 3 12 0 4 0
Transfers out of Level 3 (45) 0 (44) 0
Fair Value, assets, ending balance 287 181 287 181
Change in Unrealized Gains (Losses) Included in Earnings 0 0 1 0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI (16)   (26)  
Residential mortgage-backed        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 30 16 16 10
Total Realized/Unrealized Gains (Losses) Included in Net Income (1) (1) (3) (3)
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 0 13 19 14
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 (4) (7) (7) 0
Fair Value, assets, ending balance 25 21 25 21
Change in Unrealized Gains (Losses) Included in Earnings (1) (1) (2) (3)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0   0  
Commercial mortgage-backed        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 0 0 0 12
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 0 0
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 4 10 4 10
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 (12)
Fair Value, assets, ending balance 4 10 4 10
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0   0  
Other asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 51 60 48 94
Total Realized/Unrealized Gains (Losses) Included in Net Income 0 0 0 0
Total Realized/Unrealized Gains (Losses) Included in OCI 0 1 0 1
Purchases 5 22 9 21
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements (13) (1) (14) (2)
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 (12) 0 (44)
Fair Value, assets, ending balance 43 70 43 70
Change in Unrealized Gains (Losses) Included in Earnings 0 0 0 0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0   0  
Fixed maturities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 1,286 1,190 1,303 1,039
Total Realized/Unrealized Gains (Losses) Included in Net Income (2) (1) (1) (20)
Total Realized/Unrealized Gains (Losses) Included in OCI (5) 28 2 100
Purchases 214 153 298 352
Issuances 0 0 0 0
Sales (8) 0 (20) (62)
Settlements (24) (48) (100) (63)
Transfers in to Level 3 283 6 315 28
Transfers out of Level 3 (130) (19) (183) (65)
Fair Value, assets, ending balance 1,614 1,309 1,614 1,309
Change in Unrealized Gains (Losses) Included in Earnings (1) (1) (1) (3)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI (6)   3  
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, assets, beginning balance 94 83 63 50
Total Realized/Unrealized Gains (Losses) Included in Net Income 3 0 6 4
Total Realized/Unrealized Gains (Losses) Included in OCI 0 0 0 0
Purchases 1 0 31 29
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 (2) 0
Transfers in to Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Fair Value, assets, ending balance 98 83 98 83
Change in Unrealized Gains (Losses) Included in Earnings 3 $ 0 6 $ 4
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI $ 0   $ 0