XML 93 R46.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements - Fair Value by Hierarchy (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale $ 35,717 $ 42,847
Fixed maturities, at fair value using the fair value option ("FVO") 335 160
Equity securities, at fair value 1,678 2,094
Derivative assets 12 7
Short-term investments 2,724 3,697
Total assets accounted for at fair value on a recurring basis 40,466 48,805
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 74 (49)
Total liabilities accounted for at fair value on a recurring basis 74 (49)
Credit derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 2 2
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities (2) (4)
Foreign exchange derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 8 6
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 85 0
Interest rate derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 2 (1)
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities (9) (45)
Asset backed securities ("ABS")    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 1,892 1,135
Collateralized Loan Obligations [Member]    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 2,919 3,025
CMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 3,278 4,119
Corporate    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 14,888 18,707
Foreign government/government agencies    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 584 910
Municipal    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 6,197 8,257
RMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 3,724 3,643
U.S. Treasuries    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 2,235 3,051
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 46 882
Fixed maturities, at fair value using the fair value option ("FVO") 0 0
Equity securities, at fair value 1,154 1,453
Derivative assets 0 0
Short-term investments 927 1,627
Total assets accounted for at fair value on a recurring basis 2,127 3,962
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 0
Total liabilities accounted for at fair value on a recurring basis 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Credit derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 0 0
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Foreign exchange derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 0 0
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Interest rate derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 0 0
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Asset backed securities ("ABS")    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Collateralized Loan Obligations [Member]    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | CMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Corporate    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Foreign government/government agencies    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | Municipal    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | RMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) | U.S. Treasuries    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 46 882
Significant
Observable
Inputs
(Level 2)    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 33,582 39,561
Fixed maturities, at fair value using the fair value option ("FVO") 149 0
Equity securities, at fair value 463 577
Derivative assets 12 6
Short-term investments 1,704 1,990
Total assets accounted for at fair value on a recurring basis 35,910 42,134
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 74 (48)
Total liabilities accounted for at fair value on a recurring basis 74 (48)
Significant
Observable
Inputs
(Level 2) | Credit derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 2 2
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities (2) (4)
Significant
Observable
Inputs
(Level 2) | Foreign exchange derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 8 5
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 85 1
Significant
Observable
Inputs
(Level 2) | Interest rate derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 2 (1)
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities (9) (45)
Significant
Observable
Inputs
(Level 2) | Asset backed securities ("ABS")    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 1,892 1,135
Significant
Observable
Inputs
(Level 2) | Collateralized Loan Obligations [Member]    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 2,764 2,768
Significant
Observable
Inputs
(Level 2) | CMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 3,058 3,923
Significant
Observable
Inputs
(Level 2) | Corporate    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 13,286 17,089
Significant
Observable
Inputs
(Level 2) | Foreign government/government agencies    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 580 905
Significant
Observable
Inputs
(Level 2) | Municipal    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 6,197 8,257
Significant
Observable
Inputs
(Level 2) | RMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 3,616 3,315
Significant
Observable
Inputs
(Level 2) | U.S. Treasuries    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 2,189 2,169
Significant
Unobservable
Inputs
(Level 3)    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 2,089 2,404
Fixed maturities, at fair value using the fair value option ("FVO") 186 160
Equity securities, at fair value 61 64
Derivative assets 0 1
Short-term investments 93 80
Total assets accounted for at fair value on a recurring basis 2,429 2,709
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 (1)
Total liabilities accounted for at fair value on a recurring basis 0 (1)
Significant
Unobservable
Inputs
(Level 3) | Credit derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 0 0
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 0
Significant
Unobservable
Inputs
(Level 3) | Foreign exchange derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 0 1
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 (1)
Significant
Unobservable
Inputs
(Level 3) | Interest rate derivatives    
Assets accounted for at fair value on a recurring basis    
Derivative assets 0 0
Liabilities accounted for at fair value on a recurring basis    
Derivative liabilities 0 0
Significant
Unobservable
Inputs
(Level 3) | Asset backed securities ("ABS")    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Significant
Unobservable
Inputs
(Level 3) | Collateralized Loan Obligations [Member]    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 155 257
Significant
Unobservable
Inputs
(Level 3) | CMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 220 196
Significant
Unobservable
Inputs
(Level 3) | Corporate    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 1,602 1,618
Significant
Unobservable
Inputs
(Level 3) | Foreign government/government agencies    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 4 5
Significant
Unobservable
Inputs
(Level 3) | Municipal    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 0 0
Significant
Unobservable
Inputs
(Level 3) | RMBS    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale 108 328
Significant
Unobservable
Inputs
(Level 3) | U.S. Treasuries    
Assets accounted for at fair value on a recurring basis    
Debt Securities, Available-for-sale $ 0 $ 0